The Sun.
London, England, 1855-10-30 00:00:00

termed. The tempter turns on those who have
yielded to his blandishments, and men of un-
questionable solvency are unable to meet engage-
ments contracted under very different circum-
Atances. All this misery and loss is occasioned
because, by the provisions of the Act, the cur-
rency contracts when it ought to expand, and ex-
pands when it ought to be contracted. The
perturbations which ensue are its neces-
sary consequences. The cycle of distress,
difficulty, and panic must be completed at
my cost. The most fearful sacrifices follow
before matters are restored to their former con-
dition—and there is again fair remuneration for
the working classes, the fitting encouragement
for the creators and producers of national wealth.

Now, the great problem to be solved is, how
to remedy this crying evil !—how to effect what
PBEL's Act professed to do, but totally failed
to accomplish. There are many ways that may
be suggested, but the great foundation must be a
purely national note of small denomination—issued
directly by, or on behalf of the Government, and
based on the national taxation. This would be
perfect for all domestic purposes. It would
liberate the forty or fifty millions of sovereigns
that are now only useful as tokens—and render
them really beneficial in our foreign trade, while,
by judicious management, the value of the national
note might always be preserved at nearly the
same amount, and easily exchangeable for gold by
those who required it. The increase or diminu-
tion in the nominal charge would afford sufficient
indications of the state of our foreign trade
—and serve as a far better corrective
of any undue speculation than the present system,
and without injuring internal trade or manufac-
ture, or compelling the industrious classes to en-
dure bitter plivations, arising from causes wholly
beyond their control, and for which they cannot
be considered in any degree responsible.

rill:X/I.E 'LOYAL ADELPHI,
Proprietor, Mr. B. Webster.—Dlrectrese, Madame Celeste.
THIS EVENING,

Will be performed RORY 0' '(ORE. Characters by Messrs. Hud-
son, P. liedfwd, '. Selby, Porsche. J. Bland, Garden, &c. ; Misses
Mary Keeley. Kate Kelly, Wyndham, &c.
Followed by IiETSY BAKER.
To conclude with OPEN SESAME.

ROYAL LYCEUM THEATRE.

Lessee, Mr. J. H. Anderson, 18, Norfolk-street, Strand.
Increased Attractions, and success in equal ratio
THU:, AND EVERY EVENING, at Eight o'Clock,

Will be presented, with entirely New and Magnificent Appoint-
'tents, MAGIC and MYSTERY, in twelve acts, arranged in two
parts, by Professor Anderson.

After which, the startling illustrations of Spirit-Rapping. HALF-
-4.N-lIOUR. WI NI Tt[E sPIRIT.I, being th 3 most surprising and
Interesting series of experiments ever given within the walls of any
theatre.
100,000 persons have visited the Lyceum already to see the Great
Wizard of the North.

There is a dark and ominous cloud in the Far
West that threatens a very serious storm in the
political horizon—a storm far worse than that
which spread desolation over Russia, and occa-
sioned the sacrifice of thousands of hecatombs of.
human victims at the shrine of the insatiable
Moloch of ambition and cupidity. It is worse,
because the danger comes from men of our own
lineage, who speak the same language and spring
from the same parent stock as ourselves—still
more, from men who boast of free institutions,
and are earnest sticklers for liberty for all whose
veins are untainted by African blood. For many,
very many reasons, we should deplore "
difficulty" with our Transatlantic brethren. But
we must preserve the national honour intact, and
not submit to insolent bullying from any man or
set of men. It signifies little whether the object of
President PIERCE, and his pugnacious Attorney-
General, Mr. CALEB CUSHING, be the paltry one
of helping themselves in the approaching elections,
or of effecting a political coup by the annexation
of Cuba, or of obtaining some other public or
private advantage, by scarcely justifiable means.
The mischief will be the same from whatever
source it may arise. Great events have arisen
from trifling causes ; and the universal condem-
nation of Mr. CALEB CUSHING will be a very in-
adequate satisfaction to every right-minded Eng-
lishman and American, if the two great represen-
tatives of the Anglo-Saxon race should be in-
volved in an internecine war on totally inadequate
and unjustifiable grounds.
The present complication has arisen out of the
impolitic and very infelicitous Foreigners' En-
The present value of Consols is, in round terms,
listment Bill, which was hurried through both
88, showing that the rate of interest on unexcep-
Houses of Parliament, at the beginning of last
tionable security is about 31. 7s. 6d. per cent.
session, with reckless and indecent haste. At the
Auy material fall forthwith attracts purchasers.
time we pointed out some of the manifold objec-
The market is thus sustained against the patriotic
tions to its provisions—that even if it could be
efforts of the Bears, who play the game of their
great northern brother, the Ursa Major of St. carried into practical operation, without embroil-
ing us with other states, it would be a gratuitous
Petersburg, to the utmost extent practicabl©,
and unwarrantable insult to our own countrymen
From this it is evident that there is no lack of
and the martial spirit of England ; and also that
capital in the country, and that 3 per cent. is it would be a needless humiliation, for we could
an ample price for its use ! How comes it then
scarcely hope to obtain the required recruits with-
that the minim/n, rate of discount charged by the
out involving ourselves with the neutral nations
Bank on bills having more than 60 days to run is
in which they might be enlisted. There is no
seven per cent., more than double what can be
country in which the unauthorised enlistment of
obtained by persons seeking an investment in the
its subjects, to carry on war against a nation at
public funds ? The answer is obvious. The cur-
peace with itself, is not a very serious offence.
rency is deficient. There is not en adequate
supply of the circulating medium—the very life- We also explained the difficulty, if not impo3-
blood of industry. We have the capital, but its sibility, of procuring the necessary authorisation,
measure and representative is wanting ; cense-
and the impropriety of seducing citizens from
their allegiance to their lawful Sovereigns, add-
-1 uently trade and commerce, which in other re-
spects was never in a sounder state, is embarrassed ing—" Now, considering the just indignation
and languishes, production is arrested, and the
already expressed against all sympathisers, pri-
vateers-men, and others not absolutely concerned
working-classes—tire bees in the national hive
are starving, while all the honey is handed over in the quarrel—recollecting, too, the tone adopted
to the drones ! in the first instance, and the rose-water manner
Is this a suitable state of affairs ? Is this what in which it was proposed to wage the war, the
the bullioniets themselves will acknowledge that sentimentality that spared Odessa and the foreign
they desire. The most flippant repeater of the trade of Russia, it seems strange that we should
parrot cry, " What is a pound," must confess at once plunge into the most obnoxious principle
that it is not so—must acknowledge that there is ever promulgated—the employment of merce-
a serious difficulty, although he may be unable to naries, who may be regarded as mere pirates, and
acquiesce in the nature of the proposed remedy. not allowed the ordinary honours of war !"
it is therefore indispensable that . something Our remonstrances were, however, useless. A
should be done. The Times declares that " a sinister and scarcely constitutional influence pre-
re-discussion of the whole question in Parliament vailed. Germanism triumphed, and the Act re-
cannot be arranged too soon !" On this point ceived the Royal assent ; and it is for the pro-
we fully agree with the organ of the bullionists. ceedings under that most unwise enactment that
The matter is of such vital importance, that it the Government of Great Britain have been called
not merely warrants, but imperatively requires to account by that of the United States.
the assembling of the Legislature before Christ- Now, perhaps, the members of the Cabinet
mas. It is therefore right that the public atten- of Washington are the last who could put
y forward very high claims to impeccability in
tion should be excited, and kept prominently
directed towards the great topic of the day. In this matter. We have heard too much of sym-
comparison wherewith all others are of secondary pathisers and fillibustering expeditions fitted
importance. up, if not with the avowed sanction, with
The avowed object of the Act of 1844—that the tacit connivance of those in power. When
which its putative parent, or at least its Parlia- the object of attack was injurious to Great Britain
mentary Sponsor—claimed for it was, "that, under or any of its Allies there were very trifling efforts
its provisions, the currency should at all times, made to vindicate the majesty of the law, about
and under all circumstances, maintain the same which Mr. CALEB CUSHING is now so virtuously in-
intrinsic value." This is the statement of the i dignant. There was 'scarcely a show :of activity,
Times itself, and therefore cannot be objected to, and just grounds of complaint were afforded to our
by those • •
wno have selected that journal as their Government.
advocate and. mouth-piece. Can it for a moment The most trifling occasion was, however, seized
be asserted that such has been the case ? Have on to demand explanations from the British Ca-
there not been greater fluctuations in prices and binet. They were given in a frank and
in the value of property—greater derangement in straightforward a well-
trade than at any former manner, such as to
period, when there was constituted mind would lAve furnished an ample
no limitation or responsibilitya transgression. Lord
in the issue of Bank excuse for so trivial
notes ? At what period has there been wilder CLARENDON declared that he gave stringent
speculations succeeded by all but a total collapse ? instructions not to violate the municipal
We see money, or rather currency, at one time a ' law, expressing deep regret if any such vio-
mere drug in the market, easily Obtainable at 2 lation had taken place, and, further, putting a
per cent. per annum, or even a lower rate. At !total and immediate stop to the practice corn-
another time it cannot be had on just as unqu„_
tionable security at 7or oven 8 per cent. plained of. This between nations was a complete
The satisfaction as it would be between gentlemen.
former arises from the undue expansion of theißtit CALEB Ceesierera has but little of the gentle-
currency. The Bank must pay for all the gold ten- i manly element in his composition. Whether in-
dered at a fixed price ! It does not want any ad- stigated by others or actuated only by his own
ditional supply, but it cannot refuse what is narrow, pettifogging spirit, he insults the British
offered. To protect itself, and to be enabled to Minister and a body of high-minded, honourable
Pay a handsome dividend on its stock, it must gentlemen--_the British Consuls in such a man-
afford extraordinary facilities to every customer— ner as would warrant the application of
must press its notes into circulation. Undue a cow-hide, soundly administered, to his
speculation is thereby fostered. There is not ade- shoulders, were he a private individual,
quate employment at home, and foreign invest- ' and universal condemnation in his official capa-
men ts are sought and loans granted on very city. We can only hope that the good sense of
doubtful securities.
Then comes the retrograde the high-minded people of America will prevent
movement. The gold flows from our ports. The the serious consequences to both nations, and to
Bank puts on the screw, as it is technically the cause of liberty and civilisation all over the

Prices of aqinisslon:—Private Boxes, il. Ils. 64. and 11. Is. ;
Orchestra Stalls, 45.: Dress Boxes, 35.; Lipner Boxes, 2s. ; Pit.
Is. ; Gallery, 6d. No Half-price. Box-otlice open from II to 5
daily.
Grand 3forning Performance ou Saturday Nest at Two o'Clock.
Doors open at Half-past One.

ASTLEY'S ROYAL AMPHITHEATRE,
Lessee and Manager, Mr. Wm. Cooke.
Coeval with its excitement is the prodigious success of the new
spactacle. Deafening acclamations attend Mr. J. H. Cooke's mira-
culous " Flight of the Bridges."