The Sun.
London, England, 1852-10-16 00:00:00

THE

LONDON, SATURDAY

lily, and indefatigable perseverance of the people ;
but much is also owing to the numerous wealthy
establishments affording every legitimate accommo-
dation to their customers and the country.
In Ireland, on the other hand, there is but one
chartered and eight unchartered banks, with an ag-
gregate paid-up capital of 5,000,0001., of which
2,000,0001. sterling has been borrowed by the Govern-
ment from the Bank of Ireland, leaving but
3,000,0001., or less than 103. per head for the
use of the people. The state of the country,
its wonderful natural advantages remaining neglected
and uncared for, and its sturdy yeomen flying from
their native land to seek a livelihood where labour is
better rewarded, but too painfully indicate the deplo-
rable consequences of this palpable deficiency. Many
of our colonies are in the same condition, although
the evils are less perceptible, and the existing causes,
as in Ireland, are by no means clearly understood. We
rejoice to find, however, that the surplus capital now
available has been in many instances directed to-
wards our own dependencies—lndia it is that chiefly
requires it, India would afford the most beneficial
channel for such investments, not only so far
as the interests of the community are concerned,
but also with respect to the profits to be obtained 13. y
the shareholders, a matter to which capitalists will, of
course, chiefly look.

On the former point our great manufacturers
should bestir themselves. An adequate supply of
cotton, and the removal of the practical monopoly
now enjoyed by the slaveholding States of America,
would be a matter of the most vital importance. The
Chamber of Commerce of Manchester has fully re-
cognised the exigency, and acme time since deputed a
gentleman of great talent and intelligence to enter
upon inquiries which were unfortunately cut short
by his premature death. We may, however, state,
that banks and railways are all that are wanting to
insure an abundant supply of the raw
material of what may be termed the staple
manufacture of England. If they wish to obtain
tbat great desideratum, they should lend their best
aid to the banks now in course of formation.

The Bauk of India, which has just been brought
under public notice, is brought forward under the most
auspicious circumstances. Its directors are gentle-
men of the highest character, whose names are suffi-
cient to ensure the success of almost any project
with which they are concerned. The Bank itself is
established for the purpose of carrying on the general
business of banking and exchange in India, China,
the Mauritius, Ceylon, Singapore, and the other
Eastern possessions of the British empire ; for receiving
deposits and making remittances; for issuing notes pay-
able to bearer on demand ; for granting cash credits
and making advances upon approved securities; for
issuing circular notes payable in Europe, Egypt, the
principal stations on the overland routes to India, and
at the different establishments of the Bank; for grant-
ing drafts and credits; and for all other legitimate
banking business. It will also undertake agencies
for the civil and military services in India, the re-
ceipt and remittance of pay-pensions, dividends, &e.,
and the purchase and sale of European and Indian
securities. There will be an ample field,
an almost virgin soil for its labours. It will do more
to neutralise the malign influences of the
native money-lenders, and thus afford the
greatest inducement to the improved culti-
vation of cotton, than anything that could
be devised. The money employed, too, will not be
carried out of the kingdom. On the contrary, it will
be employed in the most unexceptionable manner for
the benefit of our own people, and the myriads dependent
on our rule in the Anglo-Indian Empire. We trust
that this important project may obtain the success
it so eminently deserves, and that it may prove the
precursor of many similar establishments in the
different Presidencies.

11HE FRENCH REPUBLIC.

We have received the Paris journals of yesterday.
The following are the latest telegraphic dispatches
received by the Government :
"Niorr, Oct. 13, Half-past Six P.M.
" The Prince arrived at Niort at half-past five. He
proceeded to the cathedral, where he was received by the
Bishop of Poitiers, who came to meet him at the head
of upwards of 300 ecclesiastics. The department of the
Dux Sevres has shown as much enthusiasm as the de-
partments in its vicinity, and everywhere the Prince
has been received on his passage with cries of Vire
I'Empercur!' His entry into N tort was magnificent.
"Poitiers, 14th, 4.45 p.m.
" His Bigness entered Poitiers at a quarter. past tour,
An imwense crowd thronged the ttreetB; the deputations
of the rural communes, headed by barium', were passed
in review on the promenade de 13lossac. The enthusi-
BM is universal. From the gates of the town to the
Prertcture there was only one long•continutd cry of
Vivo l'Etnpereur,' and these cries are still repeated.
liignnets is in perfect heal,h."
The hour for the entry of Prince Louis NAPOLEON
info Paris this day has been altered to two
o'clock P.M.

The Putrie states that in every part of Paris the
workmen have applied to the authorities for permis-
sion to send deputations to meet the PRESIDENT on
his return to Paris. In the Faubourg St. Marceau
alone the number of workmen who have expressed a
wish to go as a deputation amounts to 8,000. The
same journal says that at the moment of the passage
of the PRINCE the Orpbeonists and the Socie.e des
Enfant) de Pari., placed on the Terrace of the
Tuileries, will sing a chorus appropriate to the occa-
sion.

The municipal commission of the city of Paris met
on Thursday, and voted an address to the PRINCE
PRESIDENT, which is to be presented on his arrived
this day.

The Constitutionnel has an article on the text,
"the Empire is peace," showing that there will be an
invasion of England, but it will be an invasion of
French produce • and the Pays, remarking on the
withdrawal of produce;
capital from French railways,
says it has only served to demonstrate the capabilities
of France to provide for her own public works.
The following is the said article of the Constitu-
tionnel under the title of " L'Empire, c'est la Paix :"
`• Three or four journals have been endeavouring for
the last ten months to persuade the English people that
it is,not Socialism but England that was vanquished on
the 2d December. An exile, a proscrit was raised to
power by the almost unanimous acclamation of
France, and this man, honoured by so striking and
so glorious a confidence, has not been able to think,
according to his violent detractors, to devote himself
to the happiness of the people who spontaneously placed
him at their head. Gratitude has never animated
him, a patriotic or generous idea has never en-
lightened his mind nor warmed his heart; one idea alone
has prevailed with him from the first day, and that idea
is the ruin of England. It is not to release his country
from anarchy that he has thrown himself between par-
ties—it is to be able, at a later period, to strike at Eng-
land. If he has asked from the people a new ratification
of his power, it is to have the right of disposing of our
fleets and of our soldiers. If he has sought to re-establish
order in the finances, it is to provide the sinews of war.
If he has given fresh life to commerce and industry—and
if he has given an immense impulse to all great public
works, all these efforts, all this perseverance, have only
one concealed object—the invasion of Eagland. What
astonishes us in this thesis, is not its manifest absurdity
—it is the invincible obstinacy with which men who
think themselves serious, and that they write con-
scientiously, maintain it month after month, in
spite of the incredulity which they meet with
and the little encouragement which they receive
in the public the country. Row many
timeshaveth opyinin of
enumeratedo. our men-of-war and our
steam-vessch ? How many times have they spoken of
our Cbasseurs de Vincennes, as if their very name alone
was to cause every Englishman to shudder? We do not,
however, see that the city of London has evinced much
alarm—the English Funds keep themselves above par_
the decks of London and Liverpool are filled with ves-
sels preparing to go and fetch for us tea, wool, and cot-
vestatt d and her towns and cities in ashes.appears
'-
cot-
ton, without Fearing on their return to find Enlgtland de -
tint the fear of war in London has never extended be
yond the range of
icoarnmn
co
dn
mouths ago, when these same journals em
b demanded
lined with
inatlioda
morning that the coasts of England should ne
two or three printing-officeds.d Some
med them-
selves into clubs to exercise themselves at shooting with a
tmhiaititieavmerayn
;awblhe-ebnotdheiecdomckanneyshisofourld be trans-
rifle, and eff:red to the country, in the columns of one of
these journals, an arm which had never before handled
an 3 thing beyond an umbrella, and we ridiculed these
ridiculous apprehensions. Yes,' we then said, France
is forging weapons—yes,
she will invade England, she
wall go and sell cotton goods at Liverpool, silk goods
wall
at Birmingham, and cutlery at Sheffield. Mount guard,
go through the manual exercise, and play at soldiers,
whilst we complete our canals and our railways; whilst
we labour to give ourselves two powerful instruments
for our future coequesta—iron and coal at a cheap rate.'
We were replied to that peace might be at the bottom of
the wishes of France without its being tho idea of the
Government, The affair was put off to the 10th of
May and to the 15th of August. The 10th of May
and the 15th of August came, and showed some fresh
progress in the public prosperity—some further steps
in the path of pacific ameliorations. The declarations
of the representatives of France, the Acts of her Go-
vernment, and all the policy of the President, were
not, however, sufficient to tranquillise these voluntary
alarmists; it WHS necessary to have the declaration of the
Chief of the State himself. lie spoke utile time when
France required to hear his voice and to be informed as
to her destinies. Was that 'declaration clear en9Tigh,_