The Sun.
London, England, 1839-12-03 00:00:00

THE SUN, LONDON TUESDAY, DECEMBER 3, 1839.

RUKY-LANE. 1 MONEY MA

THEATRE ROYAL, D

Romeo and Juliet was performed at this theatre last
evening—the part of Romeo, by Mr. Maddocks, from
the Dublin Theatre, and that of Juliet, by Miss Em-
meline Montague, from the Theatre, Royal Bath. The
Romeo of Mr. Maddocks is an utter failure, and as we
imagine he will not repeat the part, it would be a waste
of time, as well as an unthankful - task, to dwell upon
his demerits. Of the Juliet of Miss Montague we
are happy to be able to speak in far differ-
ent terms. This young lady will undoubtedly,
with pains and study, attain the very highest rank in her
profesion. She is the most promising young actress on
the boards. We use this word promising in its strict
and literal meaning. She has much to learn, and—this
is an immense advantage—t.he has nothing to unlearn.
Her performance was chaste and subdued throughout,
in the more tender parts, perhaps, rather too much so ;
but she gave the more forcible passages with an ac•
Linn an intonation deserving of the highest praise.
Llcr scene in the Friar's cell was admirable,
as was the scene in which she takes the
poison, although the effect of this last was a little
marred towards the conclusion by a slight awkward-
ness of attitude. But it was evident throughout that
she thoroughly understood Shakspeare, and her decla-
mation is beautiful, being perfectly free from that de-
testable whine which is the bane of most of our tragic
actresses. In person she is about the middle size, we I
formed, with a most expressive countenance, and a
powerful and melodious voice ; her enunciation is clear
and distinct, and her action graceful and subdued.
We congratulate the management on the debut of this
young lady, and if she be properly supported, Ham-
mond will find her engagement of advantage to his
treasury. Her reception throughout was most enthu-
siastic, and she was called for at the fall of the curtain.
After which it was announced she would repeat the cha-
racter on Wednesday. Mrs. Selby was the Nurse, and in-
fused a due degree of humour into the part. Vining
as Mercutio was light and sparkling, and Compton
excessively quaint as the Apothecary. The tragedy
was preceded by a new overture to Romeo and Juliet,
composed by Mr. G. A. Macfarren—a most brilliant
composition, which does equal credit to the taste and
science of its talented composer. The house, we were
glad to see, was well filled.

RE.ET and CITY NEWS.

(MONDAY EVENING.)
POST.—The E❑glish Funds have advanced in some
degree on Saturday's quotations. As Cots As and some
other descriptions of stock are on the eve of closing for
the dividend, it has become a matter of calculation with
capitalists whether or not, considering the high rate of
interest obtainable on loans, in comparison with that
which is yielded by the public securities, the prospect of
a rise in the value of the latter is such as to justify
them in shutting up their moneys for the next six weeks.
The prevailing idea seems to be in favour of holding ;
and hence in all probability the advance that has oc-
curred in prices. We may observe, however, that
there was a disposition in the money circles, as well
as among commercial men, to view with satisfaction
the accounts received by the Great Western steamer
from America. The affairs of the United States Bank
had been looked into by a Committee selected for the
purpose, and the report was favourable. There seems
to be no doubt that the institution will turn out to be
perfectly able to meet all its engagements. It is un-
derstood that some amount of bills had been forwarded
to Mr. Jaudon by this opportunity, and, what we con-
sider better still is, that the orders for the shipment of
goods by the steamer against her return to New York
are Tess limited than had been anticipated. These are
the main points dwelt upon in the City. The general
t spect of affairs has been already so fully described in
the columns of this Journal, that we have no additional
facts of importance to supply. The advance in the rate
of exchange on London to 8 8- per cent. premium is
a feature of some interest, as it exhibits a change of no
less than 3 or 4 per cent. in favour of England on the
preceding quotation.

TIMES.—The accounts from the United States by
the Great Western leave no doubt whatever of the
ability of the New York banks to sustain specie pay-
ments, and this, having now been put sufficiently to the
test, is received here as a favourable omen for the esta-
blishment of a better state of things in that country,
and of the renewal of trade with it by Great Britain,
not, perhaps, to the extravagant state of it lately ex-
isting, but to such an extent as it ought to attain, and
is consistent with safe and regular returns for it. We
shall take no more state stocks from the Americans as
remittances for a very long time, because importers,
finding no vent for them at home, will no longer receive
them in payment, but they will send to us and
to Europe generally cotton, tobacco, corn, and
other produce, quite equal to, if not much better
than, specie. Large remittances of this kind
are said to have arrived by the Great Western,
consisting chiefly of bills drawn against large ship.
ments of corn to France, but which will be available
as an instrument for rectifying the exchanges in this
country. Further large orders of the same kind were
sent out by the British Queen, it having become a great
Government object in France, as a means of safety
against popular tumults, to secure the most abundant
stocks of grain, for which America presented the best
market.

The state of banking business in New York is fur-
ther important in putting to the test the soundness of
all other banks throughout the Union. It shows, that
there being no want of specie for export from the coun-
try, the banks who were worthy of credit could easily
obtain it, and that a suspension of cash payments,
therefore, was the same thing as insolvency. The
degree of insolvency was also put to the test by the
New York banks, and the once wealthy and prosper-
ous city of Philadelphia is thus exhibited at a depre-
ciation of from 13 to 14 per cent. in its paper com-
pared with New York. Some hints are thrown out
with respect to the Philadelphia banks, but without any
express mention of Biddle's bank, of a general resump-
tion of specie payments in 90 days ; but this is a trick
so often resorted to during the last suspension, that much
reliance is not to be placed upon it. The transmission
of specie from Philadelphia to New York, which was
going on daily at the date of these accounts, is another
proof of the sound policy pursued at the latter place,
and that where credit is, specie will soon find its way.
The redemption by the agency of Biddle's bank in New
York of post-notes issued by it, and made payable there,
in the currency of New York, is the only indication to
be met with in these accounts of an effort towards a le-
gitimate taking up of its liabilities, and is of little value
without knowing the extent to which the redemption has
been carried. When the new " balance-sheet" shall
appear, which is said to be forthcoming, some further
light may be thrown upon this matter.
It seems likely that the banks at New Orleans, or
some of the better description of them, will be among
the first to resume specie payments. That country,
producing so largely as it does of cotton, should have
been equally firm in that respect with New York, and
they probably would have been so but for their entan-
glement with Biddle, and his speculations in that com-
modity.

On the whole, the difficulties ander which trade
laboured in the United States have not been, in point
of fact, materially relieved. It is the prospect only
which is decidedly better, and for that both countries
are indebted to the firmness of the New York banks, in
adhering to their engagements. A contrary course
would have led to another general suspension all over
the Union, and then years would have been required
to bring its trade into a safe position.
The prevalence of an impression that the accounts
from the United States by the Great Western arc alto-
gether of a more favourable complexion produced an
improvement in the funds. Consols were 901 to 1 for
money, and 91i to for account. Bank Stock, 178
to 9 ; India Stock, 252 to 3. Exchequer bills, 4s. to
2s. discount.

CHRONICLE.—By the Great Western steamer,
we have advices from New York of the 16th, Phila-
delphia the 15th, Montreal the 13th, and Quebec the
11 th November. The New York papers not only state
that confidence has been restored theie, and that specie
was flowing into their banking institutions, but also say
that many of the banks in the interior bad resumed
specie payments, and that on the whole a general re-
sumption at an early day might be expected.
A committee has been appointed to investigate the
affairs of the Bank of the United States, whose report
will soon be made public, and the American papers
speak with confidence of the favourable effect which
the appearance of that document will produce. We
hear in the mean time that the committee valued every-
thing at the very lowest rate, and that after making
every allowance for probable loss, they have come to
the conclusion that the Bank of the United States has
a considerable clear surplus capital. Mr. Jaudon, be-
sides other remittances by the Great Western, has re-
ceived a bill of lading for 500,000 dollars in gold. We
leant that this gentleman has also made proposals to
' the government of the United States, suggesting to
them a plan for the consolidation of the whole of the
various State bonds and stocks, which has excited much
interest in America, and respecting which, it is said,
hopes are entertained that it will be favourably re-
ceived by the Federal Government.

HERALD.—The papers and private advices from
New York, by the Great Western steamer, do not add
to the political information which appeared this day in
the Morning Herald, and we might also say as much
with referenee to commercial matters. By this arrival
a great many letters have been received ; their contents,
coupled with the commercial information contained in
the papers, are considered most important, and in gene-
ral are held to be decidedly more favourable than by
the previous arrivals ; of which one great evidence is
the remittance of a great many good commercial bills,
chiefly, we understand, on account of debts due ; and
the other, the stability of the New York merchants,
coupled with an apparent inclination on the part of the
banks to give more accommodation to their customers.
The affairs of the United States Bank have been in-
vestigated, and the result at the period of the sailing of
the Great Western is said to have been very favourable.
From New Orleans the advices are not so good, and
fears were entertained that a serious crisis was likely to
disturb the commercial interests of that city.
The private letters from Canada speak rather more
favourably of the political progress of his Excellency the
Governor-General. On the 11th ult. he opened the
Session of the Council at Montreal, which would sit
for the despatch of business for a short period ; on the
15th be was to proceed to Toronto, where he intended
to open the Legislative Assembly in person, an act al-
most, if not quite unprecedented in that
province, which,
in its operation, it is expected will convert Sir G.
Arthur into a mere official nullity during the residence
of his Excellency at Toronto. The loyal inhabitants
of the upper province, howver, appear to have been very
much pleased that Mr. Thomson had abandoned the
intention of dissolving the Legislature. The commerce
of the lower province continued very dull, but the banks
of both provinces continued to pay in specie.
A Canton paper of late date, received at the North
and South American Coffee-house, contains the express
terms which were embodied in the very strict bonds
that were signed by the American captains. The bond
is written in Chinese at the top of the sheet, and in
English underneath. When the Commander signs the
bond before the vice-consul, he protests that. he knows
not the Chinese language, and against any
.if.iterpretation
of the bond in that language that can militate against
the meaning of the bond in English.. "So now," says
the Canton Register, " is written in the Chinese bond
in Eaglish, that, the foreign captain has had it clearly
proclaimed to him that certai▪ n new regulations have
been established to that effect ; namely, rigidly prohi-
biting opium ; and the said forei▪
gner, holding the same
in gread dread, will not dare oppose or violate.' It
appears, therefore, that this singular paragraph was the
only explanatory clause in the Chinese bond, which in-
duced the American Captains to comply with its ge-
neral terms."

SUN.—We have some commercial accounts from
Canton to-day. They state that this season 40,900,000
lbs. of tot had been shipped off to Great Britain, and
about 12,000,000 to the United States.
At the public sales of tea, which commenced to-day,
about 8.000 packages have been sold at price. 2d. to
3,1. per I. tit aror. Fair to good Hrono. sold at 3,.
to 4s. 6d. ptz lb., and low Congous at 2s. 7d. to 3s. 4d.