The Sun.
London, England, 1852-10-27 00:00:00

Sweewtakes of 10 sovs. each ; for tin-fie-year-olds, 7st
101 b; four, Bst 4lb ; five and upwards, Bst Sib, The
Winner to be sold for 80 sova,, ii demanded, &c. Last
half of A b.M.
Itlr. Magenis's Janina, 3 yes (Chariton) 1
A fr. Liley's Heroine, 6 yrs (Bartholomew) 2
blr, Hobson's Anonymous Lotter, 3 yrs (G. Brown) 0
Mr. Rcwden's Lady Speedy, 5 yrs (Crouch) 0
Duke of Richmond's Ploughboy, 6 yrs...(Flatman) 0
Mr. Rogers's Leybourne, 4 yrs (Rogers) 0
Mr. J. Henderson's Needle, 3 yrs (G. Oates) 0
Betting-5 to 4 apt Leybourne, and 3to 1 egst
Heroine. A very fine race between Janina, Heroine,
and Ploughboy. Janina winning by a head, and Plough-
boy a very good third, Lady Speedy and Needle well up.
Run in 57 sec.
Sweepstakes of 10 sovs. each, for two-year-olds ; colts,
Bst 71b ; fillies, Bst 41b. The winner to be sold for
200 soya., if demanded, &c. Last half of Ab.M.
Mr. Sam's Sextua
Lord Exeter's Vest (Norman) 2
Selling Handicap Sweepstakes of 15 cove. each, 10 ft,
for three-year. olds and upwards. The winner to be
sold. for 200 soya„ if demanded, 4.tc. P.M.
Mr. Payne's Faux Pax, 4 yrs, 7st 9th .. (Flatman) 1
Mr. Burson's Beauclere, a, Bst 7lb
Mr. Spark's Presto, 4 yrs, Est 12Ib ( W ells) 3
(54) 2
Duke of Richmond's Houlakin, 3 yrs, Oat 71b
eabu-
held e
to w 3
Betting-5 to 4 agst Presto (Garvey) 4
, and 2 to 1 aaB t
c. Presto ethit° jumped off' with a strong lead, which a fewstrides of the cords.
Handicap Sweepstakes of 15 sovs. each, 10 f, for two and
three-year•olds.
Mr. Wigram's Child of the Mist, 3 yrs, 7st 51b
yrs, ist 51b (Charlton) 2
(Wells) 1
Mr. Ingram's Dividend, 3
Mr. Drinkala's Knavery, 2 yrs, 63t....(T. Sherwood) 3
Mr. Robinson's Billy Richardson, 3 yrs, Bst 101 b
(13unaby) 0
Mr. Thompson's Blood Royal, 3 yrs, Bst 71b
(W. Abdale) 0
Lord Glasgow's Sister to Caracars, 2 yrs Est
(Carroll) o
Betting-6 to 3 apt Child of the Mist, 3to 1 each
agst Billy Richardson and Knavery, and 4 to 1 agst
Blood Royal. Child of the Mist made nearly all the
running, and won in a canter by three lengths. Run in
1 min. 21 sec.
Handicap Plate of 1001. for three-year-olds and upwards.
D.I.
Mr. Dawson ns Lerrywhent, 3 yrs, 6st 41b (Aldcroft) 1
Lord Exeter's Ilex, 3 yrs, 7st 71b (S. Steggles) 2
Mr. Greville's Cariboo, 5 yrs, Bst 91b (Flatman) 0
Mr. Saxon's Black Doctor, 4 yrs, Bst...(Abrahams) 0
Duke of Richmond's Houlakin, 3 yrs, sst 51b (car-
ried sst 71b) (Garvey) 0
Betting—Even on Cariboo, 3 to 1 agst .Lerrywbent.
and 4 to 1 agst Black Doctor. The race from the Duke's
Stand was entirely between Lerrywhent and flex, the
former winning easily by a length. The others walked
in. The race was not timed.

RACING FIXTi
NOVE

URES FOR 1852.
;MBE%
Stretford
Warwick _ 16
Aberystwith
Shrewsbury Autumn 23

Worcester Autumn 2
Ermom 4
Liverpool Autumn 9
Cowtridge Huta
Northallerton ll I

IRISH RACES TO COME.
NOVEMBER.

Kilkenny

THE FRENCH CURRENCY.

The Di:bats has the following on the subject of gold,
calling strenaously for a change in the character of the
currency:--

" The assertion that the enormous production of gold
in California, in Australia, and in Siberia, is a transi-
tory pheuomenon destined to finish as suddenly as it
commenced, is the romantic exaggeration of an exact
tact—namely, that mines of gold, alluvian mines at
least, become exhausted more rapidly them other
mines. It is necessary, however, to be endowed with
a superhuman dose of penetration to now perceive in
the mines of gold recently discovered, any signs of
approaching exhaustion. Ilan the production fallen
on in any of the gold regions? By no means; it is ra-
ther increasing. According to the last accounts from
California the extraction has never been more active and
more abundant. As far as regards Russia, the gold is
said to exist there in indefinite quantity, the end of
which it is impossible to foresee. As to Australia, the
strata have been scarcely skimmed, and they are every
day found to be more extensive. In a word, we must
prepare ourselves to see, during a considerable lapse of
time, an unheard of production, which will go at least to
200,000 kilogrammes of gold, making 700 millions of
our gold coin; or, at least eight times greater than
what took place at the commencement of the
century, and that while the production of silver scarcely
exceeds what it was 50 years ago. Suppose that this
lapse of time, during which this enormous production
should last, were to be only 20 years, and that after that
time we should fall back to nearly what we were before,
that would make a mass of 4,00u,000 of kilogrammes of
gold which will have been thrown into commerce. It
would be enough to make 700,000.000 of our gold 201.
coins. Can it be conceived that a market can be found
fur this immense mass of gold, unless it is reduced in
value, and 12 grammes of it given in exchange for a
hectolitre of wheat, instead of 6, which is the present
value, or admit the value of the 20f. piece to bo
10t.? Let us now say a few words on the outlet which
it is imsgined will Le found fur this unusual production
of the precious metal, and which it is supposed will
protect it from any depreciation. It is stated that
certain nations, which have now but little in their
nivnetary system, will take a large proportion of it,
and that increasing luxury, jewels, gilding of apart-
ments, and gold embroidery will take the rest. This
presumed market has, however, a. very serious defect;
it is too disproportioned to the object. In the first
place, set aside the United States, and Russia, which
as gold-producing countries, coin a large amount
of the precious metal, what nation shall we see
coin extraordinary masses of gold ? On the contrary,
we see governments taking precautions against the
admission of too large a quantity of gold into the me-
chanism of exchanges. Iloliend, Belgium, and Spain have
done this, and other powers will with reason follow the
example; for from the moment when gold is threatened
with a loss of its value it is deprived of its distinctive
quality as a monetary metal, for that quality is,
in fact, a fixity of value. What is the probable
quantity of gold which Russia and the United States
would take on the footing of the present value
of the metal, supposing also that they did not be-
come alarmed ? At the most 600,000 kilogrammes,
even counting what they have already coined, and
very probably less, for that would make more than a
milliard for each country; and they are countries where
paper money circulates to a large amount. When, there-
fore, these two countries shall have absorbed 600,000 kilo-
grammes of fine geld in their ceinege,and probably before,
the metal will fall in value. These 600,000 kilogrammes
are the production ut three years, according to existing
circumstances. With regard to theluxury reckoned on to
assist in taking off the superfluous quantity, those who
make use of this argument are badly informed as to in-
crease of consumption in that way. Since the eommence-
' meat of the present century up to this time, luxury has
greatly increased, but the quantity of gold consumed
jewellery in
pos
ed In
.
in the b night
world,e sup
gold manufactured'The depreciation
now
n
the value of thethe richestso much
countryt's
than there
there are not,,.e r
ern more
fifty articles
ye a
rs sogf
o.
Trapids increase
grammesi
n
the production an
t hectolitrebec tol i t
r ofe
'
metal
tsaal mightf
goldc a articles,use a
owfbtehaet,moretfiavl
ecoduayld,s,bleabporuorc,uwribdiebfonrowhacluf a
ne
or ten days' labour. Everything, therefore, tends to
;bat depreciation."

NATIONAL DEFENCE.—We understand that ten
11130_0f-battle ships, being built,or ordered to be built, in the
Royal dockyards, are ordered to be fitted with serew ma-
chin ery.—licrald.

SWINDLING BY A SHIP'S CAPTAIN.—The police
of Paris arrested on Saturday the captain of an English
merchant ship, the Shakspeare, under the following cir-
cumstances:—ln March lust the Shukspeare left the port
of Canton, having on board an American. The American
was very badly off, and had no goods; but he and the cap-
tain concocted a scheme for committing a fraud on a grand
scale. On arriving at the Cape of Good Hope, the captain
presented the American to a commercial firm with whom
he was acquainted, and represented to them that he had
on board his ship about 6,0001. worth of goods, which h©
was conveying to England. He also produced vouchers,
which seemed to confirm the statement. The firm, to
oblige the American, who was in want of money, agreed
to purchase about one-third of the cargo, and paid at
once 9001. on account, giving a draft on their agent in
London for the remainder. The American then insured
Helena the captain pretext of having to conclude some b -
the rest of the cargo for about 5,0001. Shortly after this
the vessel to his mate,
the Shakspeare set sail; but the American remained at the
Cape,
il
said he
°gOni
give
the
buep
thearriving c
command
mSat
n.
dII
oe li
as the health of his wife, who was with
it necessary that she should proceed him, rendered
would
to England by
steamer, being unable to bear the f •
in the Shakspeare. But ho had fatigue of the voyage
pr
understanding with the mute that previously come to an
of St. Helena he should sink or set fire to the ship, in
on leaving the pert
order to destroy all proofs of the
fraud which had been
committed, and also to cheat
A liberal recompense was the insurance company.
complicity. The mate promised to the mate for his
promised to fulfil his share of
the contract, and sailed from St. Helena. A few days
after the East India eterm
went
touched at the island, and
the captain and
his
wife
met the Auieric,,m, as had eurtevoino bioardb.e
n There 'bo
ng dy.
P .
As soon as the steamer arrived inaondeeri tahrera.Aenee-
r lean and the captain went to the agent of the merchants
of the Cape, and received from him 1,5351., the balance
due on the cargo. They then waited for news of the loss
of the Shakspeare, in order to apply to the insurance
office for the amount of the insurance. A short time
hack, to their profound aateniehtm nt, they learned that
the bhakspeate had entered the mouth of the Thames;
the mate, being an honest man, as it turned out, having
brought her sate home, instead of making any attempt
to destroy her. The two men thereupon deemed it
pi udent to fly. The American embarked on board a
vessel which was about to proceed to the East Indies,
whilst the Captain and his wife came to Paris, and
took up their residence in the Champ Elysees. The
agent of the St. Helena merchants, having
learned the
traud that had been committed, and having ascertained
that that the Captain bud come to Paris, immediately
came over here, and obtained, by the interference of the
English embassy, the assistance of the pollee In a very
short time the residence of tho Captain was discovered,
and he was 0110=1