The Sun.
London, England, 1855-10-08 00:00:00

London: H. BaMere, 219, Regent-street.

rOZEAU'S COPAHINE, or SACCFIARATED
CAP4UL es, approved of by the erench College of Physicians,
occessfully administered in the Paris and London Hospitals, and
cknowledeed by them to be the best remedy for a certain disorder.
gee " Lancet" of Nov. 6, 1852.) A copy will be forwarded on spoil_ation.—Price per 100. 4s. 6d. ; 50, 2s. 9d. To be had of the inveßtor,
GA BRIELJOZEALT, French chemist, 49, Haymarket, London, and
•Il the principal chemists.

THE DRAIN OF GOLD, QN THE BANS
OF ENGLAND.

( From the Times' City Article of this day.)
The subjoined communication refers to the ques-
tion as to the mode in which the bills were pro-
cured by which the recent drain of gold to Paris
has been brought about. The subject is one on
which conflicting opinions are still entertained,
even among the most experienced persons :
" Sir,—l notice from your money article of this morn-
in4 it is asserted in the city that large masses of the bills
offering for discount, and by means of which gold is ob-
tained for transmission to Paris, are not accommodation
paper between the houses employed in the transaction,
simply a supply of bills on London and bank-notes ob-
tained on the various bourses of the continent in the
ordinary course of business. This has given rise to
conversations among parties well qualified to judge, and
the unanimous opinion is decidedly opposed to it, the
belief being that the original suggeition on the matter
was the correct one. Numerous instances are quoted
of merchants who have been applied to for their
acceptances against a liberal commission, and the
conviction is strong regarding the utter insufficiency
of explaining the extra supply of bills to the Bank
of England and other monetary establishments of
the metropolis by merely attributing it to the
clearing the continental bourses of a portion of their
ordinary stock. On the contrary, no other bourse offer-
ing such facilities for discount as London, it is contended
that most of the bills on London find their way speedily
to this country, with the exception of Vienna, where
bills on London are held for particular reasons, but are
not likely to be suddenly parted with just now at a loss
of from 10 to 15 per cent. In fact, it is considered un-
questionable that no suchistock of bills on London ever
exists as to supply on a sudden so =many millions ster-
ling. The general absence of speculation, moreover,
confirms the supposition that peculiar motives must exist
which have furnished so large a supply of first-class fo-
reign bills. The exertions of Baron Bruck to restore the
redeemability of the Austrian paper money deserve at-
tention at this moment, particularly as it is asserted he
has established an understanding with the leading finan-
ciers and the modern great financial engine, the Credit
Mobilier in Paris. You may depend upon it that in
that direction some of the attraction is to be looked for
which is at present draining our coffers.
" Assuming, therefore, that a considerable portion of
the large masses of first-class foreign paper now pressing
for discount is based upon credit, it would appear that a
suitable remedy for this temporary inundation would con-
sist not so much in the expedient of raising the rate of
discount, which is calculated so injuriously to interfere
with the'ordinary bona fide business transactions of the
country, but lather in gradually and decidedly reducing
the time which bills admitted for discount have to run,
of which the Bank of France has already set the exam-
ple.-1 remain, &c., "H. G.
" City, Oct. 6."

The following also has been received in connec-
tion with the same point. There can be no doubt
the Bank would forthwith turn out all bills they
could with any clearness identify as being mixed
up suspiciously with the transaction ; but a step
1 of that sort requires extreme caution, since, if
wrongly adopted in any case, it might seriously
jeopardise individual credit:—
" Sir,—When it is quite a matter of certainty to the
authorities of the Bank of England who the parties are
that are extracting gold from their coffers, and for what
purpose, in the name of common sense would it not b.
the right thing for the Bank Directory to turn out their
billa when presented for discount, instead of coercing
innocent people, and perhaps finally having is jeopar-
dise the interests of oar important commercial commu-
nity ? There is not nor can be a doubt about this mat-
ter.—l am, yours respectfully,
"October 5." "A CITY BANKER.

WILL OF THE LATH HENRY COLBURN.—Tbe will of
this eminent publisher has been proved in the Consistory
Court, Docto rs'-commons. It is comprised in ten folio
'sheets, and is dated the Ist of August, 1854. The whole
of his property, consisting of money in the funds, goods,
chattels, •and credits, is sworn to be under 35,0001. Ile
•has left his widow, Eliza Ann Colburn, sole executrix.
'He bequeathed to her sole use and benefit the sum of
10.0001., together with his leasehold house in Bryanston-
square, furniture, pictures, stock, copyrights, &c., arid
a like sum of 10,0001. to her sister, the wife of Mr.
Malcolm Douglas Crosbie, and her six children. With
the exception of a RIM of 5001. to Mrs. Hurst, and two
small annuities of 801. and 50/, respectively to two other
persons, there are no bequests whatever to any of his
friends or dependants.
DEATH OF REAR-ADMIRAL THE HON. WM. H.
PEROT.—We regret.to announce the death of Rear-Ad-
miral the Hon. Win. H. Percy, who expired on Friday
morning, at eight o'clock, at the Earl of Beverley's re-
sidence, in Portman-square, after a protracted illness.
The gallant gentleman was fourth surviving son of the
late Earl of Beverley, and brother of the present peer.
He was born 24th March, 1788, and entered the navy
as first y, 1801, on board the Lion,
64,following year was midship-
manand classin
November volunteer
tihna
May,
on board the Medusa. In 1814, early in the
spring, be was appointed to the command of the Hermes,
20 guns, which vessel, after having 25 men killed and 24
wounded in an unsuccessful attack on Fort Bowyer, •
;Mobile, was set on fire and destroyed, to prevent her
Calling into the hands of the Americans in September
'that year. Captain Percy had under his orders at that
,time, besides his own ship, the Canon, 20, and Sophie
and Childers, of 18 each. Of all blame in the loss of the
Hermes, he was, by a court-martial, honourably ac-
quittal in June, 1815. In March that year he arrived
England with despatches from Sir Alex, Cochrane,
i.eporting the defeat of the army before New Orleans.
Since that period he never held any naval employment.
He formerly represented Stamford in Parliament, and
!)as.beeti for enany'years pasta Commissioner of the Ex-
conitnissions bore date as follows :—Lieute-
,enant;.,¢Pi July, 1807.; Commander, 11 May, 1810 ;
Captain,
!21st March, 1812 ; and Rear-Admiral (d
Lady
retired),
pct. 46 The Earl of Beverley, Lord an
--Zi-e.ine.4 the Bishop of Carlisle, Viscount and Viscountess
Holinesdale, the Hon. Mr. and Lady Margaret Littlet,iii,
Mr. Nlortitner, and Lady Emily Drummond, and many
other families of rank, are placed in mourning by the
melancholy event.

1,.1R WM. BURNETT'S DISINFECTING
FLUID, for destroying all Offensive Smells and purifying -ziek
Rooms, &C. Its cost is less than One Farthing per Gallon when
limed for use.
Sold by all Chemists, and at 18, Cannon-street, City.
Gallons, ss. Quarts, 2s. Pints, Is. gaff-pints, 6d.