The Sun.
London, England, 1839-09-17 00:00:00

the bills of the United States Bank, to which the ac-
ceptance of Messrs. nottinguer and Co. was refused,
have been taken up by other houses for honour of other
parties, whose names were on the bills, but this effects
nothing for the credit of the bank. It was even said
that acceptors had come forvi'ard on behalf of the bank
with the view of securing the future agency in Paris, but
this at present remains very doubtful.

THE LATE LADY FLORA HAST-

INGS.

(Continued from The Sbn of Yesterday.)
FURTHER CORRESPONDENCE BETWEEN
THE MARQUIS OF HASTINGS AND LORD
MELBOURNE.
We are authorised by Lord Hastings to publish the fol-
lowing correspondence between himself and Lord Mel:
bourne, relating to the tone adopted by the latter in his
final reply to the Dowager Lady Hastings:—
SECOND CORRESPONDENCE BE
THE MARQUIS OF HASTINGS AND LORD
MELBOURNE.
TO VISCOUNT MELBOURNE.

CHRONlCLE.—Considerable sensation has been
created in the City this morning, especially among per-
sons interested in or connected with American matters,
by the intelligence from Paris of the refusal of Messrs.
Hottinguer and Co. to accept a large amount of bills
drawn on them by the Bank of the United States. We
find that this unexpected intelligence is perfectly correct,
and that the quantity of paper refused amounts to nearly
7,000,000 francs. Beyond the mere fact, however, we
know nothing ; and therefore shall refrain from entering
into any comment until we are in possession of the causes
which have led to this strange occurrence. It is ne-
cessary to state, however, that the transaction in ques-
tion was wholly apart from the London agency of
the United States Bank, the gentlemen attached to
which are in as much ignorance as any body else
as to the origin of this affair. Mr. Jaudon, the agent
here, set off for Paris on Friday last, as soon as he
received intelligence of what had occurred ; and we be-
lieve it will be found that be has gone quite prepared to
liquidate the bills in question, and to remove the un-
easiness which must necessarily exist in the French ca-
pital. It is also important to state, lest unnecessary
alarm should continue here, that the amount of gold
received by ➢lr. Jaudon from the United States by the
two last packets is of itself nearly sufficient to cancel
the bills refused acceptance by Messrs. Hottinguer.
We shall of course not fail to furnish all the particulars
of this transaction with as little delay as possible. We
avail ourselves of this opportunity to mention that we
are authorized by the agency of the United States Bank
to give a most unqualified contradiction to the assertion
of the Times, that assistance had been rendered to 6lr.
Jaudon, either directly or indirectly, by the Bank of
England, and that there has not even been any trans-
action between the two establishments, further than the
sale by the former to the latter of the gold just arrived
from New York.

" Burlington ilott.l,june 19, 1839.
"My Lord,—l have allowed the interval which has
elapsed since the date of my last communication with your
Lordship to pass, in the expectation that a sense of justice
towards Lady Fiora Hastings would have led to a reversal
of the decision that no satisfactory apology or atonement
should be made for the cruel insult which had been offered
to her feelings and honour, and, through her, to the
honour of her family.
" I have abandoned the hope of this act of justice with
regret, because I have felt that it is impossible for me un-
der existing circumstances to take any steps public), to
enforce it, nor can I make any one personally responsible
to myself for the outrage of my sister.
" But, my Lord, your Lordship's letter of the 17th of
March, to my mother, Lady Hastings, is of a different
character; _

6' That letter I have a right to consider as of a private
nature ; and I have only been deterred from requiring you
to make an apology to the Dy:vager Lady Hastings for the
offensive and insulting terms in which it is couched by the
consideration that if I bad done so at an earlier date I
might thereby have precluded the possibility cf that ample
and public reparation being offered to my sister which I
had a right to expect, and that' my demand for an expla-
nation of the language in your private letter to Lady Has-
tings might have been misrepresented, and erroneously
considered as applying to those letters which were written
by her Majesty's command.
" This difficulty has now ceased ; these considerations
are no longer applicable ; and I have now only to require
your Lordship to offer such an apology to my mother,
Lady Hastings, for the language in which you have ad-
dressed her in your letter of the 17th of March, as will be
satisfactory to her feelings, and be such as I, consistently
with my own honour and duty, can advise my mother to
receive.
" Lord Rosslyn, who will deliver this letter to you, is
fully in possession of my sentiments upon this very painful
subject, and has undertaken to receive and carry to me
any communication which you may do me the honour to
make to me.
" I have the honour to be, &c.,
(Signed) " HASTINGS.
" To the Viscount Melbourne, &c., South-street."

POST.—The important information received yes-
terday from Havre and Paris relative to certain drafts
of the United States Bank, and of which the details
were given in the Morning Post of this day, has been
the all-absorbing subject of discussion in the City ;
for, although the operations of the establishment in
question have not been so extensive as they are gene-
rally supposed to have been, they are, nevertheless,
of a nature to render it impossible but that a great
number of persons should be more or less impli-
cated in them. It was reported during the day that
advices had been received from Paris, stating that
arrangements had already been made with the
holders of the dishonoured drafts, and that no fur-
ther difficulty existed. We rather apprehend, how-
ever, if anything has been done, which is more than
probable, it must have been in behalf of the in-
dorsers. The dishonoured paper is understood to have
passed through this Market, the proceeds being appro-
priated, it may be supposed, to the discharge of some
portion of the post-notes issued from time to time by the
United States Bank. Among these indorsers the
names of some of the most eminent houses in London
have been mentioned to us, and of course immediate ac-
ceptance would be given to their remittances. We
much doubt whether any acceptance has been given for
honour of the drawer—the United States Bank itself.
The London agent, Mr. Jaudon, is understood to have
proceeded to Paris since yesterday. The object of his
journey is so obvious that it would be needless
for us to do more than merely notice the fact. The
amount .of drafts for which provision has to be made
by him in the French cities is not near so large as it
has been represented to be. It is believed not to exceed
seven millions of francs, or 280,0001. sterling. With so
large a capital as that possessed by the United States
Bank, it is a matter of very great surprise that the Di-
rectors should not have acted with more prudence than
they seem to have done. The statement that they have
been speculating deeply in cotton which has been made,
and repeated over and over again, cannot be substan-
tiated. We rather think advances were at one time
made by them to the planters and shippers of the staple,
but this would have been but to a moderate and safe
extent, and on the delivery of bills of lading,
for the property advanced upon by way of collate-
ral security for their reimbursement. The charge
made against the Directors of having themselves
been actually dealing in the article we do not
at all credit. The accumulation by them of an
undue amount of State and other American securities
seems to have led to the unpleasant result of the sub-
ject of which we are writing—the dishonour of their
drafts in Europe. The English agent is notoriously
incumliered with an amazing mass of these interests,
and the Bank of England having found it necessary
to have recourse to ultra measures for the regulation
of the exchanges, there is, as we have before re-
marked, no longer any sale for them in our markets.
It is quite a mistake to suppose that the Directors of
the Bank of En_ land have borne a feeling of hosti-
lity against the Bank of the United States. This is
nothing more than one of the many chimeras which
have been conjured up in the imagination of our worthy
contemporary of the Times, with regard to banks, but
which, he may be assured, has no better foundation then
bad his statement of Thursday or Friday last about an
advance of money having been made to Mr. Jaudon by
the Bank of England. 'We quite agree in all our con-
temporary says about the inundating of the London
market with American shares and stocks. The system
is a most objectionable one, and we shall be quite as well
pleased as he can be to see to see an entire stop put to it.
The American States ought to abstain from entering upon
great undertakings, such as railways and canals, if
they are unable to pay for them by means of local
taxation, and to this it will come sooner or later. It is
fortunate that the protesting of the drafts of the United
States Bank should have occurred in France, rather
than in this country, inasmuch as, in the present sensi-
tive state of our money market, such an event migl,t,
and doubtless would, have been attended with very seri-
ous consequences. We learn that the Directors had
themselves undertaken to provide for their bills to a
certain extent by the transmission of specie. Some
amount has accordingly come forward by recent arrivals ;
but not by any means sufficient to meet the entire of
their engagements on this side of the water.

VISCOUNT MELBOURNE TO THE MARQUIS OF HASTINGS.
" South-street, June 20, 1839.
_

"My Lord,—l beg leave to acknowledge your Lori-
ship's letter, which I received yesterday evening from Lord
Rosslyn.
" The greater part of that communication I pass by as
irrelevant and immaterial.
" The reasons which have induced your Lordship so
lout to delay the demand which you now make, are. for
your Lordship's consideration, and not for mine.
" Notwithstanding the peremptory language which your
Lordship thinks proper to employ, if I could either feel or
be convinced that my letter of the 17th of March last, ad..
dressed to the Marchioness Dowager of Hastings, was
couched, as your Lordship expresses it, in offensive and
insulting terms, I should be not only ready but anxious
and eager to offer every reparation in my power.
Yuur Lordship demands that a satisfactory apology
should be made to the Marchioness Dowager of Hastings
for the language in which I have addressed her Ladyship
in my letter of the 17th of March. If any expression can
be pointed out, which is disrespectful, I am ready at once
to retract it ; but with respoct to the substance, meaning,
and import of that letter, I thought it my duty to write it,
and I am prepared to abide by and sustain it.
" I have the honour to remain, my Lord,
" Your Lordship's faithful and obedient servant,
( Signed) " MELBOURNE.
" To the Marquis of Hastings, &c.
THE MARQUIS OF HASTINGS TO VISCOUNT MELBOURNE.
" Grosvenor-place, June 20, 1839.
"My Lo; d,—l have the honour to acknowledge the re-
ceipt of your Lordship's letter of this date, delivered to me
by Lord Rosslyn.
" I will admit that your Lordship is the best judge
of the propriety and expediency of the substance and im-
port' of the letter which you thought it your duty to
write, and I cannot believe that you could entertain any
deliberate meaning' to convey offence and insult to a
lady.

" But I must be permitted to repeat that the language
of the latter part of your letter, of the 17th of March, to
the Marchioness Dowager of Hastings, has been consi-
dered so offensive in its general tone, and has unavoidably
been so painful to the feelings of my mother, that I felt
it to be my imperative duty to call your attention to it,
and I have done so in the full confidence and expectation
that you will not hesitate to offer to the Marchioness
Dowager of Hastings the only reparation in your power,
by retracting the language complained of, or distinctly ex-
plaining that the expressions which have been so deeply
wounding to the feelings of my mother were made use of
with no intention to offend.
" I have the honour to be, &c.,
(Signed) " HASTINGS.
" To the Viscount Melbourne."
VISCOUNT MELBOURNE TO THE MARQUIS OF HASTINGS.
•• South-street, June 20, 1839.
g. my Lord,—l have the honour of acknowledging your
Lordship's letter of this day.
" Your Lordship has nut pointed out the precise expres-
sions in my letter which your Lordship conFiders to have
been offensive, nor have you stated the reason why you so
consider them.

If I were to retract these expressions without substi-
tuting others I should leave my meaning imperfect ; and I
Protest I know not where to find terms, which, in my
opinion, would be less liable to objection than those which
I have employed.

But the second alternative which your Lordship pro-
poses to me I embrace without difficulty or hesitation, and
I request your Lordship to assure the Marchioness Dowager
of Hastings that nothing was further from my intention
than to offer her Ladyship any offence, or to treat her
Ladyship otherwise than with the respect due to her
station, rank, and character, and more particularly due to
the painful circumstances under which tbatscrrespondence
took place.

."I have the honour to remain, my Lord,
" Your Lordship's faithful and obedient servant, •
( Signed) " MELBOURNE.
" To the Marquis of Hastings, &c. &c. &e."

THE MARQUIS OF lIASTINGS TO VISCOUNT MELBOURNE.
" Grosvenor-place, June 21, 1839.
" My Lord— I have to acknowledge the receipt of sour
second letter of yesterday.

" Whilst }our Lordship adheres to the language of your
letter of the 17th of March, you request me to express to
the Marchioness Dowager of Hastings that it was not your
intention to offer to her Ladyship any offence, or to treat
her with the slightest disrespect.
" I shall immediately communicate your Lordship's ex-
planation to my mother, to whom, I trust, it will be satis-
factory ; at the same time I cannot but regret that in ad-
dressing the Marchioness Dowager of Hastings, your
Lordship should have made use of terms and expressions
Which, without the assurance you have now afforded me
that no disrespect or offence was contemplated, would, in
nay opinion, and in that of all whom I 'nave consulted,
justly warrant the opposite conclusion.
" I have the honour to be your Lordship's, &C.,
( Signed) " HASTINGS.
" To the Viscount Melbourne, &c. &c. &c."
VISCOUNT MELBOURNE TO THE MARQUIS OF HASTINGS.

RECOLLECTIONS OF BOYHOOD.

There stands the pear-tree, no temptation now,
And lo the filbert, still with drooping bough;
There blooms the laurel hedge, scholastic bounds ;
The mud-pond, too, was gazed on in his rounds:
All were to him fond memories. Where were they,
Friends of his youth companions of a day !
Some he still knew, arid years had but entwined
In firmer bond the heart, the taste, the mind :
Some at a distance he had seldom seen ;
And some there were as if they'd never been
A few had finished early their career,
Had reached that " bourne whence none rcturneth here :"
And one there was whose still lamented doom,
Those scenes recall'd—around a brother's tomb I
There is no period of human existence, I am inclined to
think, so forcibly or so indelibly stamped on the recollec-
tion at a later stage of life than our early scholastic days—
none, I am quite sure, to which memory can in general look
back with less real alloy.—Old Sporting Magazine for
September.

" Downing street, June 21, 1839.
"My Lord,—l have the honour of acknowledging your
Lordship's letter of this day,
" And remain, my Lord,
" Your Lordship's faithful servant.
• (Signed) " MELBOURNE."
" The Marquis of Hastings, &c. &c. &e."

[The matter is concluded by three letters : the first, from
Lady Flora Hastings to Hamilton -Fitzgerald, Esq. ; the
thecond, from the Marquis of Tavistock to the Editor of the
Morning Chronicle; and the third from Lord Portman to
tibe Editor of the Times; which having very recently ap-
Oeared in The Sun, it is not necessary to reprint them.)

; DRAYTON HOUSE.—The magnificent fete in-
iended to be given by Sir Robert and Lady Peel on Fri•
day next is postponed, owing to the measles having broken
i:iut among the children. All the necessary arrangements
Were to have commenced to-day. Their Royal High.
iiesses the Duke and Duchess of Cambridge and Princess
Augusta were expected to arrive on a visit on Thursday.
The grand saloon has been superbly fitted up for the occa-
Fion, arid in the banquetting-room three hundred persons
were to have sat down to a hot supper of a very superior
description.
INLAND SEAS OF SOUTH AUSTRALIA.--
Since the establishment of the colony, a navigable inlet
has been found to Lake Alexandrine, a large inland sea
situated within the assigned limits of the province ; and it
pas, moreover, been discovered that the Murray river, the
only river of any magnitude which has yet been met with
in New Holland, discharges its waters Into this lake or
;inland sea. The prospect of a large extent of inland nevi.
!gation is thus opened to the colonists : and so important
are the advantages anticipated from this discovery,
!many of the purchasers of land orders have declinecl tott
-
;lect sections in the district of Adelaide, choosing rather to
:wait until some of the lands on thelahkroenaictild along the ri.
e.
ver have been surveyed.—lllenth/y c
A greater delusion than the much-vaunted Naval
!and Military Commission cannot be conceived. After a
year of laborious trifling nothing has been done, nor is any
thing of the slightest importance likely to be the, result of
its deliberations. The army and navy have been amused
from time to time by accounts of the regularity of its sit-
tings, and the anxiety of its members to do justice to those
branches of the service which they professed to represent.
The parturient mountain seems doomed to bring forth
only a ridiculous mouse. In fact, if we are to place any
faith in the rumours which have transpired from time to
time on the subject, the Commission would seem to have
been formed, less with the view of conceding tardy justice
to the army at large, than to get rid of the claims of the
Royal Marine corps after Parliament had declared in their
favour. The report was, we have reason to believe, com-
pleted before the termination of the session, but will not be
promulgated before the early part of next year. Why the
feelings of the United Service should be thus trifled with,
and the anxiety which is so generally felt upon the subject
so cruelly disregarded, it is difficult to conceive. If the
Commission he really of opinion ti•,t tl-:e
take place,
triiiine it may be) which they. bay p. d
they must surely feel that it cannot take place
too soon.— United Service Gazette.

THE SUN. LON.oolir TUESDAY SEPTEMBIAM l7, 1839.