The Sun.
London, England, 1839-10-05 00:00:00

WREXHAM PACES.-TUESDAY.

The Gold Cup of 100 sovs. (the surplus in ;:i;ecie), by Subs.
of 10 sous. each. Thrice round. 14 Subs.
Sir T. Stanley's bli Cowboy (Templeman) 1
Mr. F. R. Price's ch f Zillah, 4 yrs, Bst llb
Won very easily.
The Wynnasty Plate of 501., the gilt of Sir W. W. Wynn,
Bart., for all ages. Mile heats.
_ _

Mr. F. R. Price's b jr. Capt. Pops, 7st 121 b 0 1 2 1
Lord Stanley's b f Velocity, 3 yrs, 6st 101 b
Mr. Jones's b f Volusia, by Pantaloon, 7st 211, 1 0 0 dr
Mr. Huxley's b g Defence, 6 yrs, 9st 2 0 0 d 1
l'slr. Meiklam's b-c
The Drone, 4 yrs, Bst
Mr. Holker's ch in Maid of Monton, Bst 81b 0 2 dr
A good race.
WEDNESDAY.

The Wynnstay Stakes of 25 sous each, 10 ft, and 5 ft only, ii
declared, &c. Twice round and a distance. (Seven Subs.
3 of wham declared.)

Mr. Price's Zillah, 4 vrs, Bst (Neele) I
Mr. T. Walters's Sir Mark. 3 yrs 2
Won easy.
Handicap of 10 sons each, h ft, with 20 added from the Fund.
Two-mile heats. (Five Subs.)
Mr. Price's b f The Lady Abbess, 3 yrs, Est (Stag) 3 1 1
Mr. Currah's ch f Lady Sarah, 3 yrs, a feather 1 3 2
Mr. Mciklam's Wee Willie, 4 yrs, 7st 111 b
Won without difficulty.
The Town Plate of 501., for all ages. Two-mile heats.
Sir T. Stanley's Cowboy, 5 yrs, 9st 21b (Templeman) I
Mr. Meiklam's Modesty, 5 yrs, Lst 121 b
Valentine, 6 yrs, 9st 51b, and Northenden, 4 yrs, Bst. 11b,
were not plsced.

HONE Y MARKET and CITY NEWS

(FRIDAY EVENING.)

TIMES.—It would be ungeacrous to press hardly cu
a man in the situation to which the agent of the United
States' Bank has been brought, but it is impossible to
avoid remarking that no more wapromising symptom of it
has yet appeared than some statements circulated to-
day of the terms on which the principal holders of hi;
post notes have consented to defer their claim of pay-
ment. An institution which has large obligations to
meet so far off as Philadelphia is from England, ma)
possibly be taken unawares, and fall into temporar3
embarrassments, by mistaken reliance on the support o'
others, or by under-estimating the claims upon it ;
but it is true that interest at the rate of 16 per
cent. has been submitted for delay until the ex-
pected remittances arrive, it amounts to a declaration
on the part of the creditors that they consider the
risk of ultimate payment to lie.considerable. We have
not of ourselves affirmed anything of the kind ; but,
as the statement is made in quarters where something
Eke the personal confidence of the agent is claimed, i;
is to be feared that there is some foundation for it. To
make the matter worse, it is intimated that besides this
extravagant rate of " demurrage," collateral security is
given in the shape of stocks and bonds of the separat(
States and of other banks—conditions which would be
exacted from no young spendthrift borrowing on the
strength of his succession to an estate by any trading
usurer. Mr. Jaudon seems indeed, unless it is a
mere assumption on their part, to be peculiarly un-
fortunate in the selection of the people who are to
receive his confidence, who handle the matter so
clumsily as to make the case worse than it was
before. They assure us, for example, in another
place of " authority," that the guarantees have not
withdrawn ; that they have never been called upon to
act ; that they spontaneously offered to assist Mr.
Jaudon, and are still willing to act if necessary, with
more to the same effect. But the apologist, to bc
worthy of his office, should have gone on to assign some
cause why, if they were so very willing, they have not
been called upon, rather than let it go forth to the
world that the agent has not only been compelled to
entreat the forbearance of the holders of his post notes,
but to pay a much higher price for it than any private
merchant in ordinary credit would submit to. But the
meeting referred to by the Times, says this " au-
thority" further, " toolk place at the house of Mr.
Jaudon, and at his own request," as if that made any
difference, or altered his position in the slightest degree
for the better. It is lamentable to see a man who fights
the battle so bravely in his own " location" in Broad-
street, make so sorry a figure when he appears before
the world to offer explanations in print respecting bis
conduct and his prospects.
What is notoriously doing here, and on the other
side, in the way of efforts by the United States Bank
to meet this most pressing emergency, should convey,
at all events, a warning to the holders of its shares not
to expect the same rate of dividend that they have
been accustomed to receive, for all engagements, it is
clear, must be made good, if at all, at their cost. In
New York and Philadelphia it is matter of notoriety,
that the Bank of the United States is raising money at
the high rate of 18 per cent., and those markets were
already pressed to their very utmost power of endur-
ance : here something like the same price is said to be
given, while the fall in the price of cotton must entail a
severe loss ; and how the profits are to be realized which
are to counterbalance these, there is no ono who can
form even a conjecture. The arrival of the Great Wes-
tern may possibly enlighten us on all these matters, and
till then it will be useless to say more.

The pressure for money generally has been very great
in the city to-day, but it is much to be doubted whether
it is really scarce, as it is well known that large sums
are kept locked up by the leading capitalists and bankers
to await the issue of the transactions of the United
States Bank, and till that is known, it will be held
back from employment. Besides this distrust, the cir-
culation has been partially acted upon by the large pay-
ments for duties on corn, which are said to haVe
amounted in this week to between 900,000/. and
:300,000/. Some Exchequer bills have been paid in for
these or other duties, but only of the class called Com-
mercial bills, issued for the advances in aid of public
works, and which are, of course, limited in amount
compared with the total of the unfunded debt, the
holders of which, between the Treasury and the Bank,
consider themselves fairly " done for." The amount of
bills, however, paid for duties this week, is said to be
near 40,0001.

Advices from Liverpool state that an extraordi-
nary meeting took place there yesterday of the direc-
tors of one of the joint-stock banks, to take into con-
sideration the conduct pursued for some time past at
the Bank of England, in refusing to admit for discount
bills drawn by or bearing the endorsement of joint•stock
banks issuing their own notes. The only result which
had transpired was, that a delegation had been ap-
pointed to proceed to London, to confer with the Bank
Directors here on the subject.

CHRONICLE.—The funds have shown a degree
in consequence of the difficulties in
of buoyancy to-day far beyond that exhibited for some
time past. The apprehensions which were entertained
of
of the United States Bank had been
3 a ::.Annv,3ll, and,
tiffa.iecni?tt t.1317:1:?ni
is the 4th of the month, when a vast number of mer-