The Sun.
London, England, 1862-01-15 00:00:00

THE HOUSE THAT JACK BUILT,

The Rat, Master Longwhisker ; The Cat, Miss Mouser;
The Dsg, By Himself; The Cow, Madame Brindle; The
Priest (" All shaven and shorn"), Mr. Jollyman ; The
Cock (.‘ That crowed in the Morn") Master Cocky-doodle-
doo.

Realisation of the famous Picture in the National Gal-
lery of Little Britain, taken (by permission) for Boys, from
a rare work in the collection of Master Smith, London.
FROGPOOL IN THE MARSHES (Twilight).
Song, " Will o' the Wisp," composed by J. H. Tully, Esq.
Bow the Squire goes Hunting and loses his way and his
temper, and what follows in consequence—Another curious
instance of Canine sagacity—Bull-frogs, Masters Hop,
Skip, Jump, Creak, &c.
SQUASH-HOLLOW SW
RUSHESAMP AND BED OF
BUL.

How the Squire comes to grief and afterwards to repent-
ance, and how Jack is recognised as the rightful heir—The
reward and harmonious movements of the Fairies on a
Grand Chromatic Scale towards

WILL 0' WISP'S iromF. 'BENEATH THE
WATERFALL.
The Transformation.

Harlequins Messrs. CORMACK and ST. MAINE.
Columbines The Misses GUNNISS.
Pantaloons Messrs. G. TANNER and MORLEY.
Clowns
Grotesque Signor LORENZO.
1861-1862 ...... Mr. STILT.
SPRITES by the RIDGWAYS and SU WE LL
FAMILY.
1.--EXTERIOR OF TWO SHOPS IN " UP-OR-
DOWN" STREET.
Messrs. Huline, St. Maine, Tanner; and Miss S. Gunniss,
Christmas Pi esents—every Man (and Boy) to his Post,
even the Post-Man—Clown rides the high horse, which
proves his rock a-head-1 wo Young Men from the Country,
and Clown gets over them—a Sewing Machine (not a poor
Needlewoman)—a thorough Blow out—a Man in very re-
duced circumstance—Clown. finds the Fruits of stealing
Apples in an elephantine way—a Band of Brothers—the
Police in Great and Small Force—Clown gets into a row
and blows up a policeman—the end of this scene is all
Bustle—N.B. Not Crinoline.
2.—THE GREAT SENSATION KITCHEN.
Messrs. Forrest, Cormack, Morley, and Miss Gunniss.
harhquin seeks Protection although a Free-trader—
The Cook's Guide—Clown tries to take the chair—the head

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THE SUN.

LONDON, WEDNESDAY, JAN. 15, 1862.

We hardly expected to have seen so early the
" beginning of the end" in the Northern States.
Our readers learned yesterday, we doubt not with
considerable surprise, that the principal Northern
banks, and the United States Treasury itself, had
suspended specie payments. To have recourse to
such a step so early is undoubtedly a confession of
weakness, which will be felt in the Southern States,
vvho
ehad
step; before
a n d
o f
as was expected of them, the
m
course every loan market in
s a taken,
Europe will feel its influence on American secu-
rities. England never had recourse to such a mea-
measure till after years of heavy war expenses; the
Federal Government has made the Apostolic decla-
ration within three quarters of a year of the coin
mencement of their struggle.
Let, however, the true state of the case be acknow-
ledged. A Government which issues paper on the
security of the necessity of an internal medium of
exchange, is not, therefore, insolvent. Our own
Bank of England issues some fourteen millions of
this kind of paper. It might, or rather the Govern-
ment might, and ought to, issue much more. So
long as the issue of paper did not exceed what was
indispensable as legal tender for domestic trade, the
notes would not depreciate. Not till depreciation
begins does insolvency, to the extent of that depre-
ciation, take place. If Mr. CHASE issues no more
notes than the Northern States require to carry on