The Sun.
London, England, 1864-09-09 00:00:00

THE SUN, LONDON, FRIDAY EVENING, SEPTEMBER 9, 1864

first, for they were an unmistakeable tribute to the
merits and misfortunes of her people, and sympathy
was fait for her peculiar situation. This visit to
Denmark is in all respects a desirable one; and it
is to be trusted that the Princess may yet welcome
to England her parents and family, and then the
reception that they will meet with from the people
of this country will be the best proof to the Prus-
sians, and other despoilers of Denmark, in what
estimation their conduct is regarded, and what
opinion we have formed of the nature of their
policy,

The City of London is looked upon, by the un-
initiated, as a mine of fabulous wealth, and the civic
authorities are regarded as the representatives of
untold gold. Even those most familiar with its
ways and means, when they reflect upon the im-
mense amounts that daily change owners eastward
of Temple Bar, and the extent of the property con-
tained in its crowded highways and byeways, will
scarcely connect the idea of the Corporation of Lon-
don with those unpleasant words, familiar enough
in the more fashionable west—Debt and Difficulty.
More especially do such words seem inappropriate
to the Corporation, which body is popularly sup-
posed to eat off nothing less than gold, and never
condescend below real turtle. But according to
the relations of a certain blue book lately issued
under the auspices of the Chamberlain of London,
it appears that the good folks of the City, if not yet
in difficulties, are certainly in debt, and have
" anticipated their income," to use a polite evasion,
to a considerable extent. The great changes and
elaborate improvements of the last few years have
not been carried cut without cost, and the Corpora-
tion of London has borna its full share of such bnr•
dens. The Common Councillors of the present day
cannot certainly be charged with indifference to
improvement, or lack of public spirit. They
have come promptly forward on every onon
sion of importance or interest, and have freely
lavished their funds in the general cause. In the
list of their liabilities wo find no less a sum than
£445,000 for city improvements in New Cannon-
street and Threadneedle-street, £43,500 for Pauper
Lunatic Asylum, and for the Metropolitan Meat
and Poultry Market £128,000. It is not surprising,
considering the many heavy demands upon them,
that the bond debts of the Corporation have in-
creased more than a quarter of a million in less than
three years, while there is no immediate prospect of
their expenses being lessened. The Chamberlain
has thought it right to direct the attention of the
Common Council to the fact that the cash of the
City will probably be overdrawn in next October
by about £14,000, while sums amounting to more
than £120,000 have been recently voted by them
for exceptional reasons. Prominent among these
unusual expenses are a supplementary vote for the
Pauper Lunatic Asylum of £20,000; £13,000 for
a police station and infirmary, and £37,000 for
dwellings for the labouring class, so that the objects
are chiefly public ones, and directed to the general
good. These sums have to be provided for out of
the current revenue, and consequently affect the
regular income of the Corporation to a considerable
extent. The Chamberlain thought it desirable to
bring these facts under the notice of the Council,
since so great was their ardour and confidence
in their resources that they were importuning the
First Commissioner of Works to entrust them
with the making of the proposed new street from
Blackfriars to the Mansion House, connected with
the scheme of the Thames Embankment. The
estimated cost of this street was about £70,000,
so the Common Ccuncilmen are not as yet much
disheartened by their liabilities. Nor is the list
of their expenses ended here, for the Corporation
are about to lay out £420,000 for the site of the
proposed market in Smithfield and the new street
in connection with it. This outlay, how-
ever, is undertaken on the credit of the
market toils, and the additional £200,000 which
will be expended in the erection of the super-
structure will be repaid by the rents of shop
in the market. These prospects are not founded
on the vague hopes of sanguine visionaries, but on
the reasonable calculations of business men, who are
not likely to be deceived or misled in their estimates.
The two greatest works undertaken by the Corpo-
ration are not included in this list of liabilities, since

they do not come upon the current revenue, but are
chargeable on specific funds held by the Corporation
under Acts of Parliament. Even the energy of the
Common Council might else have been daunted at

the preispect of such stupendous undertakings. The
cost of Holborn Valley is estimated at £600,000,
and that of erecting the new bridge at Black=

friars ut £250,000. Both these will of course
be works of time. At Christmas, 1867, the leases
of the Finsbury estate will fall in, thereby depriving
the Corporation of some £40,000 a year, but that
will be far more than made up for in a temporary
advantage by the profit likely to be derived from
thb high price of land in the City owing to the
new Railway schemes. A sale of 20,000 shares in
the Metropolitan Railway, last year, brought in, a
profit of £50,000, and it is more than probable that
some of the manifold changes that are transforming

the face of the City, until the citizens themselves
can scarcely recognise its familiar features, may
conduce to the advantage of the Corporation in

some way or another. The diversion of the coal
duties from tho exclusive use of the City has
made a considerable difference in the civic tevenue
daring the last few years, although at present it
is applied to objects within the City. From 1872
to 1882 it is to be applied to defraying the coat
of lloiborn.hill improvements—a matter which,
though under the control of the Corporation,
certainly greatly concerns all parts of London. It
is gratifying to find, that notwithstanding the

urge outlay and the dimiuiihed sources of revenue,

the finances of the Corporation are, in the opinion
of the Committee whose special office it is to
watch over them, in a general satisfactory condi-
tion. It has invariably been found that great
public improvements repay themselves directly or
indirectly, and such, wa trust, will be the case
with the various civic reforms,

ELECTION OF A PROFESSOR TO THE CHAIR OF
SURGERY AT EDINBURGH.—A meeting of the
curates of the University of Edinburgh was held on Wed-
nesday—the Lard Provost presiding—for the purpose of
electing a professor to the chair of surgery, rendered vacant
by the death of Professor Miller. There were two candi-
dates for the efil 2e—Mr James Spence, senior surgeon to
the Edinburgh Royal Infirmary, and Mr Joseph Lister,
Professor of Surgery in the University of Glasgow. The
Lord Provost moved that MrSponcer be elected to the vacant
chair, and this motion was supported by Mr Mure, Mr
Black, and Bailie Johnston. For the election of Mr Lister,
Sir William Gibson-Craig voted, and the claims of this
candidate welte also supported by the proxies of the Chan-
cellor of the Exchequer and Sir David Brewster. Mr Spence
was accordingly declared elected by a majority of 4 to 3.
THE ROYAL COMMISSION ON THE LAW OF HYPO-.
TIIEC.—We have received information to the effect
that the Royal Commission to inquire into the Law of
ITypothec in Scotland has at last been appointed, and that
it consists of the following members :—Mr Young, solicitOr-
genei al (chairman); the Hon, Charles Carnegie, M.P. for
,
orfarshire ; Sir Win. Gibson-Craig, Bart., Mr Hope of
Fenton Barns, Mr J. Campbell Swinton, and Mr Nisbet
Hamilton.—. Dundee A.ci,vertiser.
The estimated deliveries of tea in London during
the week which ended on September sth were 1,024,9551 b.,
which is a decrease of 4,541 lb. when compared with the
previous statement,

From a document just issued, it appears that the
poor law expenditure in the year ending the 25th Match
last amounted to £6,527,030, being an increase on the pre-
viattl year of £119,531,

LATEST INTELLIGENCE.

(REUTER'S TELEGRAMS.)

FRANCE.

PArds, Sept. 9.
General Bazaine has been appointed Marshal of
France.

M. Llpaine, Prefect of Constantina, has been
appointed Secretary• General to the Government of
Algeria, end is succeeded in his former post by M.
de Toustain du Manoir, member of the Government
Council, who in his turn is replaced by M. Testu,
chef de division of the direction of Civil Services,
M. Brosselard, Secretary-General of the Prefecture
of Algiers, is named Prefect of Oran, vice M. Ma-
jorel, appointed to other functions, and is succeeded
by M. Tellier, sub•prefect of the arrondissement of
Medeah. M. Poignant, sub-prefect of the arron.
dissement of Mayenne, is named Prefect of Algiers.

The Nord announces that the Prefect of the Seine
has entered into a contract with the Societe Ber-
lencourt and Co. for the execution first of the part
of the Boulevard Magenta between the Boulevard
de Strasbourg and the Chateau.d'Eau, and
next of the commencement of the street
intended to unite that boulevard and the Cus-
toms' entrepot. The work will be performed in
two sections—First, from the Rue des Marais to
the Chateau-d'Eau , and, second, from the Rue des
Marais to the Boulevard de Strasbourg. All must
be terminated in eighteen months from the signing
of the contract. The city grants a subvention of 21
millions.

The bulletin of the Paris Observatory gives the
following as the atmospheric state of Europe yes-
terday :—" The strong pressure which existed on
Tuesday on Spain and the centre of France has
almost disappeared, and the barometric fall has
made fresh progress on the Baltic, the German
Ocean, and the centre of Germany. The wind
blows fresh from the W. on the Channel. The sky
is cloudy and showery on the West of France and
the North of Europe. The barometer is falling in
the South of Spain, and an the Atlantic the situa■
tion appears doubtful."

BOURSE, Sept. B.—The market has been more
buoyant, and a fair amount of business done at an
improvement. Threes, for the Account, are now
at 661 r. 80c. Mobilier has advanced to 1,015 fr.
Railway Market firm, but without much animation.
The announcement of the Bank of England having
raised its rate of discount produced a slight reaction
towards the close, when the market left off as fol.
lows :

41 per Cents, . . 92 55
Do. end month....
3 per Cents
Do. end month 66 70
Credit Mobilier 100 G 25
Do. end month 1008 75
Bank Shares 3385
Credit Fonder 1215
Roman —

Italian Loan 67 45
Do. end month 67 45
Ditto Threes 43
New Mexican
Russian

Austrian
•
Spanish Threes —
Home Debt .. 47 75
Deferred

RAILWAYS.

Cash. Account.
Orleans • O • . 895 897 50
Northern
Lyons and Heditun.anean 920 .. 925
Southern 632 50 .. 635
Western
Eastern

Sardinian
Ant trian
LOW bard
North of Spain
Saragossa .. 480 .. 485
Ditto to Barcelona .... 210 207 50

at Ambohi Mange, 1,260 people made an attempt
against the palace, and demanded that the gates
should be opened to them ; but the alarum was
sounded, and the crowd was repulsed by the Queen's
guards. At the termination of this affair 79 people
were arrested. Seven of them were condemned to
imprisonment for life, and 18 others, sentenced to
death, suffered their sentence in the presence of an
immense crowd. Nearly all of these unfortunate
men, amongst whom were some officers of high
rank, persisted to the last in affirming that they had
seen the King, who was said to have been strangled
more than a year since, and that the attempt was
made to replace him on the throne.
" An important event took place a few days since.
At a moment when drunkenness had disturbed the
mind of.the First Minister (husband of the Queen),
he went so far as to insult her Majesty and her
principal officers. The opportunity was taken to
overthrow him and to deprive him of his cffico
which was confided to his brother. At first con-
demned to death, then to perpetual exile, the judg-
ments on It tinivouninahitrinieuniy were at last
reversed, thanks to the prayers and influence of his
family, and he was simply degraded.
" Tae people appear to be generally satisfied with
the nomination of the First Minister, Rainilaiari-
vony, who, it is stated, is animated by feelings of
goodwill towards the Europeans ; and the choice
he has made of Raharla as Governor of Tamatave,
well known by his enlightened mind and ooncilia.
tory disposition, seems to indicate this. The first
acts of the new Minister can be regarded as a happy
presage for the future policy of Queen Rasokerina.''

BANK OF FRANCE.

(REUTER'S EXPRESS.)
PARIS, September 8.

The following is the return of the Bank of France
for the week, together with the corresponding
figures of the previous account :
SEPT. 8. SEPT. 1.
DR. f. c. f. c.
Capital of the Bank 132,500,000 132,500,000
Profits in addition toCapital
(Art. 8 law June 9, 1857) 5,161,730 SS 5,113,415 66
Reserve in the Bank and _ .

—s,
its branches v 22,105,750 11 22,105,750 14
Reserve in landed property 4,000,000 4,000,003
Notes tin circulation 752,214,625 • 767,763,725
Bank notes to order and re-

ceipts payable at sight.. 6,272,919 63 6,052,412 41
Treasury aei. cur, creditor 72.300,227 24 68,62;5,0,1'4 45
Current accounts—Paris-113,775,851 18 114,081,075 25

—...,..., ~
Do.lbranch-banks 23,673,510 27,994,045
Dividends payable
Discounts and sundry
interests 9,91.5,269 55 9,166,141 80
Re-discounts of the last

2,588,735 17 2,588,735 17
Sundries

1,210,438,779 55 1,228,202,891 88

Cn.
Cash in hand and branch-
banks 281,021,082 10 279,353,777 83
Comrnerciali bills overdue 561,306 90 18,188,074 36
Commercial bills discounte3
not yet due 323,166,932 40 312,539,09 S 57
Do. branch-banks 294,863,543 303,409,585
Advances on deposits
.of
bullion
Do. branch-banks 2,963,000 3,615,900
Advances on French public
securities ..
Do. branch-banks 8,323,50 8,636,650
Advances on railway shares
and debentures .. 27,233,100 27,763,600
Do. branch-banks.... 17,974,050 17,947,600
Advances on Credit Fon-
eier Bonds 411,800 413,100
Do. bra.nch-banks
Advances to the State

~... ~
(Conven. June 10, 1857) 60,000,000 60,000,000
Govt. Stock Reserve 12,980,750 14 12,980,750 14
Do. disposable
Rentes i,nmobilisees (Law
June 9, 1857) 100,000,000 100,000,000
Hotel and furniture of the
Bank
Landed property, branches
Expenses of management 1,147,234 55 1,119,873 06
Sundries

1,210,438,779 55 1,228,202,891 88
Certified by the Honorary Vice-President of the Council
of State, Governor of the Bank,
AD, VUITRY.