The Sun.
London, England, 1839-08-15 00:00:00

them how be iostd become possessed of them, and that STATE OF THE MANUFACTUR-
he was authorised to sell them by a mantlficturer of ING DISTRICTS.
Birmingham. lie believed that the absurd doctrines
which had been ascribed to the working classes of that
country, cf an equalization of property, Were recognised
and acted upon by very few, if any, and he trusted that
the rumours which were afloat out of doors would not
now be urged to the prejudice of his unfortunate clients.
He left their case in the hands of the Jury, confider]
that they would give it the fullest and most impartia
consideration.

The accounts from the disturbed districts to•day,
are on the whole rather of a satisfactory nature. At.
Stockdale on Tuesday, an attempt was made by the
Chartists to compel the working people to keep the
notional holiday, when they were charged by the milltary, .7"d quickly dispered. At Bury several of the..i
factories hu ,1 ceased working, and a great number of
special constables had been sworn in, but it does not
appear that any ,`disturbance has taken place. At.
Heywood a number the mills had been stopped;
the streets, and two eons-
from Manchester. No"
people were parading
panics of the 79th had arrived*
violence had been committed. At Middleton the
" national holiday" was kept, but no disturbance had
taken place up to the time of the latest ~ceotots. At
Salford some of the mills had been stopped, but the
people were quite peaceable.

Mr. TRAFFORD then addressed the Jury on behalf o'
the prisoner Thompson, and Mr. YARDLEY on behal
of Higgins.

Two or three witnesses were called, who gave
Thompson a very good character.
The ATTORNEY-GENERAL briefly replied.
The Learned Judge summed up, and the Jury re-
turned a verdict of Guilty against all the prisoners.

NOTTINGHAM.

THE CHANCELLOR, OF THE .3X'
CHEQUER'S ANSWER TO MESS RS.
ROTHSCHILD.—[Inserted in The I
Sun of yesterday

(FROM OUR OWN CORRESPONDENT.)
WEDNESDAY, NOON.

The military were most actively engaged throughout
yesterday in dispersing the Chartists who had assembled
from the villages in the neighbourhood of this town in
great strength. One of the Magistrates, in the evening,
was severely pelted with stones. At night all was tranquil.
This morning ( Wednesday), Woodhouse, the Delegate,
was arrested, and is just going to be examined.
WEDNESDAY, EVENING.

POST.—The conditions of the Government propos."-
tion of the 10th instant, concerning the proposed funding'.
of Exchequer Bills, being deemed in some respects ob-
scure, Messrs. Rothschild and Sons have been induced to
address a letter to the Chancellor of the Exchequer, asking
for certain explanations. These explanations have been
at once afforded, and there can now, at all events, be no
difficulty whatever in effecting the conversion of the four
millions into Consols upon the plan originally contemplate&
We subjoin the letter of Messrs. Rothschild and Sons, to--
gether with the Chancel:yes answer, from which it will bo
seen that every reasonable facility will be given to
parties disposed to put in ternlers. Each separate offer,
of not less than 500,000!. of bills, is to be enter-
tained, the preference being proposed, as a matter
of course, to be given to candidates whose terms may be
most advantageous to the public. The Chancellor seems
to have been unduly influenced by the clamour which has
prevailed upon the subject of the early period fixed for
the payment of the first instalment of Exchever Bills,
namely, the day 6:lpointed for receiving tenders. The
20 per cent., a mere bojatelle of 800,000/ , might, we are
very sure, be readily procured, and probably ten times the
amount, were it necessary. Mr. Sizing Rice, however,
gives way, and very civilly consents ta postpone the tin.'°
for paying the deposit till Tuesday, the 90th instant. We
understand that an eminent banking firm, vb.est of Temple-
.bar, are in the possession of a very large annunt of Ex-
chequer Bills, perhaps double the amount to beconverted,
and that they will, in all likelihood, be found among the
competitors in attendance at the Treasury Ch ,ambers on
Friday morning. Other of our great banking
eswitalists
are mentioned as probable to send in tenders, as well as
Messrs. Rothschild and Co. and the west-end estai2lis,b•
ment just referred to, so that there can, as we have already
intimated, be no possible doubt of the ready accomplish.'"
ment of the Chancellor's intended operation.
Money was much in demand at the Stock Exchange to- I
day, and loans were granted for short periods at a con-
siderably increased rate of interest. As much as from 10
to 12 per cent. per annum was in some cases given for
accommodation. The public funds have, nevertheless,
been sustained with great firmness. The broker usually
employed by the Bank sold a large amount, say from
60,000/. to 70,000/. of Three and a Half per Cent. Re-
duced Annuities, which caused those securities to decline
to 991 ; but so buoyant was the market that they subse-
quently rallied to 9911. Consols left off at 91-4, buyers,
and 914 for Account. Exchequer bills closed at ss. to 7s.
prem., Bank Stock at 1851, and India Stock at 247.

I this morning sent you a short account by the Brilliant
of the arrest of Mr. Woodhouse, the Delegate, and hasten
to lay the particulars since Monday evening before you.
On Tuesday morning the people again assembled in great
numbers, and paraded round the town, afterwards pro-
ceedinr, to the Forest, where several thousands were pre-
sent, but no speaking took place, on account of the military
all being ready at a short distance to disperse such meeting
if it was held. After staying For about at, hour, an adjourn-
ment was made to a large piece of land in the lower part
of the town, called Lees's Close, where a vast crowd
again met. The Mayor, hearing of this, followed them
on horseback, and read the Riot Act, accompanied by
about fifty of the police force, which was afterwards re-
inforced by almost a hundred more, and another Magis-
trate. The crowds, both at this place and others, were
afterwards dispersed by the constables and military, with-
out resistance, and during the evening the Riflemen and
Dragoons paraded the streets. At two o'clock Wood-
house, the Delegate, was brought before the Magistrates
on a charge of tumultuously and riotously assembling with
others, &c. He made a long speech, justifying his con-
duct, and, after some consultation among the Magistrates,
he was remanded till Tuesday.
The three days' holiday concludes this evening—groups
of people are congregated at this moment, but as the
coach starts at half-past eight, and it is now that time, I
cannot say more. Too much praise cannot be given to all
parties in their endeavours to quell the disturbance—caused
we are led to believe, not by hard•working, industrious
men, but by low, idle scoundrels, who injure every cause
they undertake. Whether we view the conduct of the Ma-
gistrates, the military, or the police, all are alike praise-
worthy. The indefatigable exertions of Mr. W. Barnes,
High Constable, merit the thanks of his fellow-townsmen.
P. S.—At Macclesffeld upwarus of twenty Chartists
have been arrested. The Duke of Rutland was one of
the Magistrates who heard their cases. They are all
remanded. A petition is being numerously signed in Not-
tingham to the Queen in favour of the Chartists convicted
at War w tek.

RIOT AT BOLTON.

MANCHESTER, WEDNESDAY MORNING

A desperate riot hastaken place during the night, and
an attempt has been made to fire the town. The military
have been called out, the Riot Act read, and the streets,
after an attempt to clear them at the point of the bayo-
net, have been the scene of a desperate struggle between
the soldiers and the people. It is reported here Oat
two men have been killed and a number wounded. The
shops of Little Bolton, I believe, were first attacked
by the populace, and some of them are said to have
been gutted. A special railway train arrived here about
three this morning, bringing with it two magistrates and
sixteen of the rioters. The latter underwent an exami-
nation before the Magistrates at the New Bailey imme-
diately on their arrival, and have all been sent to Liver-
pool by the half-past seven o'clock train this morning,
to take their trial at the pending assizes. I have not
been able yet to ascertain their names, but shall take
an early opportunity of forwarding you information of
the whole particulars. A great number of other rioters
have been taken into custody. A man was caught in
the Council Chamber of the Town-hall, Little Bolton,
during the riot, by special constable Wallworth, with a
torch in his hand, attempting to fire it. The constable
sprung at him and knocked him senseless, but whether
the fellow had accomplished his object first, I am not
yet able to state. It is said, however, that the hall has
been nearly destroyed.—Correspondent of the Times.

TI M E S.—This leaves the point undetermined whether
money will be accepted as well as bills, but it h under-
stood that a question to that effect has been asked .at the
Treasury by cther parties, and that the answer nal: le
the negative. With the exception, therefore, of the
allowance of further time for the payment of the deposit,
the original notice is to be persevered in, and, as Es-
chequer bills are spread over the City in large masses in
hands where the higher value of money for other purposes
makes it desirable to change the form of the invest-
ment, or to sell them, there will be disposition
en )ugh to profit by the notice from the Treasury, were
it not for the uncertainty which prevails as to the terms
which are likely to be accepted. The expectation is, that
there will be a numerous attendance there on Friday, but
that there will either be few tenders made, or else at a
price considerably below the market, and that on Mr.
Sprica Rice's maximum becoming known, if the price is a
fair one, the list will be readily filled. Thus the same
point will be arrived at as if he had followed the prece-
dent of former conversions in disclosing his terms before-
nand, and he probably imagines by deferring it to the
iatest moment that speculation will be prevented, and the
Government run no risk of being over-reached in the
bargain. The time he has named fur the biddings
being 10 o'clock in the morning, will prevent the market
of that day from becoming any guide to the parties,
but Mr. Spring Rice, if he adopts any prim'
ciplc whatever in the proceeding, will necessarily'
adapt his terms to the market of the day before, giving
such a bonus upon it as will protect the subscribers against
loss in any sales of the stock they may require to make after
the conversion. The object of the speculators is. there-
fore, to keep the funds as low as possible till after the
bargain is made, and it is quite futile in any Chancellor
of the Exchequer to suppose that he can introduce a mea-
sure into which speculation shall not enter.
It is doubted whether any material relief to the Ex-
chequer-bill market will be effected by it, as Mr. Spring
Rice will have at least 1,500,000/. to dispose of under
various votes of credit, and the diminution of the unfunded
debt, if the whole 4,000,0001. are converted, will only be
2,500,0001. Little doubt is entertained that his own
warts, and not any desire to help the money-market, have
prompted him to this proceeding.
The pressure for money to-day in the discount-market
was extremely severe. The Wink, however, was more
liberal in its discounts, and applications with bil's for dis-
count were received and replied to an hour later than
usual. This has proved a considerable accommodation to
the bill-brokers.

CRIMINAL COURT.-(THIS DAY)

OLD COURT.

- -
THE HAREFIELD MURDER.—George Coker, aged 15,
was indicted for the wilful murder of Moses Gates.
Mr. PHILLies briefly detailed the facts of the case to the
Jury, and called

Benj. Somerville—ls a baker living at Harefield. On
the 3d of August he saw deceased standing by a fish
stall—at about one o'clock—heard a noise, and saw de-
ceased strike prisoner on the head, and heard him say be
would not cut and maul his salmon for him. The prisoner
then went away from the stall, but retired in about half a
minute, and said something to the deceased with a view
to irritate him. The deceased ran after the prisoner a short
distance, and then returned to his stall. Prisoner turned
and followed deceased, and said if he struck him (prisoner)
again he would not run away, but give him something for
himself. The deceased ran to the prisoner and struck him
on the head, and immediately afterwards exclaimed the
prisocer had stabbed him. Witness observed deceased's
trowsers were cut, and blood flowing from him.
By the COURT—Three or four minutes elapsed between
the striking the first blow and the time the deceased was
stabbed.

Sales to the extent of about 100,0001. Three-and-a-half
per Cents. Reduced were made on account of the Bank
of Ireland at 99 to 98k, which contributed rather to de-
press the funds further in the early part of the day. A
slight reaction, however, took place in Consols subse-
quently, and on the close of the market they were 9l for
Money, and for Account, 91i to Exchequer Bins
improved to 3s. to ss. premium. Bank Stock was 185 to
7 ; India Stock, 247 to 9.

Mr. Henry Bullock, a surgeon, deposed to the wound
being the cause of death.
After other evidence bad been adduced, Mr. Justice
WILLIAMS summed up, and the Jury found the prisoner
Guilty of Manslaughter.
The Learned Judge sentenced him to transportation for
life. The prisoner, on hearing his sentence, fell down in
the dock, and sobbed most piteously.

CH R 0 NICL E.—Little additional information is con-
veyed by the reply of the Chancellor of the Exchequer,
and the public is left in the dark as much as ever on the
most material points. Altogether it is confusion worse
confounded, for in many particulars the spirit of this letter
is wholly at variance with the notice originally promulgated,
and shows how impossible it is, as we stated from the first,
to act vi ith any confidence. It fully confirms the correct.
ness of our remark on Monday, that it was wholly im-
possible to determine whether it was expected the tenders
were to be for the whole or for parts, for Mr. Spring
Rice now distinctly asserts that be originally intended
to receive applications for the whole only, and therefore
the last paragraph but one in the notice that " the
parties must state the amount of Exchequer Bills pro-
posed to he subscribed by them," consisted of mere idle
words, with a view of mystifying the whole affair. The
Chancellor now, however, says, " If it be more conve-
nient to the several parties, the Treasury will not decline
receiving separate tenders for sums not less in amount
than 500,0001. each of Exchequer bills;" about which
not a word was said in the first instance, but on the con-
trary, as we have already shown, the implication was,
that any sum, no matter how small, might be written for.
Mr. Spring R;ce admits that it is the intention of the Go-
vernment to dispose of the stock to different persona at
different prices, according to the tenders, and the sub-
scribers are not " to be admitted on equal terms, provided
they are above the minimum determined upon by her Ma-
jesty's Ministers," which ought in common fairness to be
the case. Indeed it is now evident that the desire pf the,
Government is to preclude what is termed " middle m e.r.'
from any participation in the business, and to place it in the
hands of large capitalists; for it is not to be supposed that
persons will make tenders for small amounts with the chance
of obtaining them on higher terms than their more fortu-
nate neighbours, which must be the case if the parties are
" admitted on the terms proposed by themselves." Alto-
gether, it is the most complicated transaction that we
have perhaps ever had occasion to comment upon; and it '
is certainly one which will be particularly unpopular gene-
rally, from the obstacles thrown in the way of the less afflu-
ent competitors. No extension of time for the biddings is
granted, although the injustice towards the Scotch Banks,
arid persons residing at a distance, has been forcibly
pointed out ; but by a postscript t 3 Mr. Spring Rice's
letter, a boon is granted in reference to the first instal-
ment by postponing its payment until the 20th instant.
Money at the Stock Exchange was not quite so scarce !
to-day, but the rate of interest on Consols is still about 1
8 per cent., and 10 per cent. upon D utch stocks, while the
continuation upon inferior foreign securities, such as Spa-
nish, Portuguese, Brazilian, Colombian, &c., has been as
much as from 20 to 25 per cent. In the commercial world
nrsuttnra,tehapsabpceser;frpeaedriclyengti.vcconm, mission, of 1/ per cent.
there has been a very great demand for cash, and upon the
pveerryanfi
in aidition to the 6 per
cent. disonnit, whilst amongst the poor classes of traders
and commercial men 20 per cent. is commonly given. ,
Business is of course daily diminishing in consequence of
this state of the Money Market ; and if there be no ame-
lioration soon, of which there appears but little chance,
business will be completely at a stand still in the course of
another week. It is indeed not saying too much when we
declare the country altogether was never in such a peculiar
position, politically, financially, and commercially.
HE RL D. —This afftir has been the subject of much conversation to-day, and it will undoubtedly keep all ac-
,
counts in derangement until the scheme is settled. It is I
evident, however, that the Government must be much in
want of money, else this ready compliance with an expla-
nation of their object would not have been complied with.
It is generally understood here that the house of Roths-
child
and Co., supported by Coutts and Co., will make
the biddings for the funding of the Exchequer bills, and
that their terms will be accepted.

NEW COURT.
HOUSE BREAKING.-Thos. Jones, aged 24, and G. 11.
Stewart, 27, were indicted for breaking and entering the
dwelling-house of Joseph Juin, and stealing therein a watch,
a coat, and other articles, also 1/. 14s. in money, his pro-
perty.

After hearing evidence, the Jury, without consultation,
returned a verdict of Guilty.
The judgment was ordered to stand respitcd until to
morrow, in order to receive testimony in favour of the pri-
soner Jones.

This notice has not so much affected the funds as might
have been expected.