The Sun.
London, England, 1854-05-11 00:00:00

APPETITE AND DIGESTION IMPROVED.

lr
_EA and PERRINS' WORUESTERSHIRE
11..4 SAUCE imparts the most exquisite revish to Steak% ChoPs,
and a'.. Roast Meat Gravies. Flsh, Game, Soup., Curries, and Salad,
and by its tonic and invigora•ing properties enables the stomach to
perfectly dige t the food.
The daily use of this aromatic and delicious Sauce is the best safe-
euard to health.
Sold by the proprietors. Lea and Perrins, 19, tenchurch-street,
London, and 68 Broad-street, Worcester: ai;rto by me-srs. Barclay
and Sons. Messrs. Crosse and Blacioiell, and other oilmen and mer
chants, London ; and generall. by the principal dealers in sauce.
guard again.q Iml,ations, see that the names of " LEA
and PERRI N S" are upon the label ,ind patent ,cap of tit., bottle.

PUBLIC CONFIDENCE.—
It matt..rs but little how the Russians in ay act in defiance of
England and France ; public confidence Is ru it likely to be shaken
the money is forthcoming for any even, ; the e: igerness invest on
net oval ~eeuritv is quite tutpre:edented. Thi 5 is principally the re-
su tor our c ,mmercial greatness and the justi f our public Mu-
sections The long-tried, universally-known, and everywhere-ap-
proved business of E. NOES and SON is the precedent of all
modern improvements, and has Inspired agr s.ter amount of public
confidence than any other plans of trade. Th at confldenc, will be
fklilY sustained by their Present Stock of Spring • and Summer Attire,
which, as it combines every novelty in inito ds and iles'gns, and
is the most seasonable Dress for Juveniles and'. ',dult+ of all classes,
Is charged such economical prices that each • individual's share in
the cost war will he fully refunded by their p urchases or orders at
E. MOSES and Sox's Establishment, or their 'W est-end Branch, Ox-
ford-street, corner of Hart-street.
Co- fidence of success has propelled the enet ies of E. MoSEs and
Sots in eery branch of their inag-ificent husi in ss ; and in the Order
or Itk.ady-made Clothing, Hat and Cap, Boo' ; and Shoe. Shirt and
Hosier, , or
gigantic Who esale and Dada' g I !evartinents, it is
difficult to say wh,cb first inspires pub is c of ,flilence, though it is
pla n they all possess it to a larger est+ iv that t was ever known ; rt-d
by
,s uni uperty, fashion, novelty, variety, s nd cheapness, accom-
a
Irtok:
ilt
and
thefiatwiththe
SON'S Wholesale
greatest
nStiatigrest , andtoh a
eor, out and
e auv s
Shippers, and Emigrants.

C-A. LITIO.N. —E. MOSES and
.üblic against imposition, hs.vitic learned SONregre t having to guard the
falsehood of " Being connected with heir
the a. the untradesnian-like
h
he same coneens." has boon resortedtnoir E, t iblishment," or " It's
bvions reasons, they beg to state that theyin r s my
instances, and tor
except their own Establishme7ltBB ' oa orr OF LONDON,
1 'aye
NO CONNEXION WITH ANT OTHER HoU
islaienadti2nog:
111
;1
idge-street.
London City Establishment, 154, 155. is'6'' .and 157, Minories, 84
14 ,follows :
45, and 86, .kidgate, opposite the Church, all u tmmunicating.
London West-end Branch, 505,507, 50
g. Na w Oxford-street, 1,2,
andrad t 03,6, Hart-street, rott:ks 1
hr effee)
t , all
Branch,eo imtm S
heffield Branch, :16 e'argate.
Colonial Branch, ‘l,lbou,nc, Australia.
Merchant Nilo. - Clothiers, Hatters, 800 lel s, Furriers, Boot and
%t
shoe Rakers, and General Outfitters for La, de s and Gentlemen.
IMPORTANT —Should any article not gi co satisfaction,itwll he
exchanged it desired, or, if preferred, the sic ney will he returned
without hesitation. All good.: are marked in pit tin figures. the lowest
rice, trom which no abaletrent can be team ie.
' The Establishments are closed from suns t
on Friday s to sunset
on Saturdays, when business is resumed till 12 o'clock.
1. new Book, with illustrations, untitled" 'i!h e Echo of Public Opi-
id --o." e0111:11iii L: ,1.11, LISIS li prices, ‘11! S:1 14' tern et sen.Trioamre.
.:. n... &c.. Are., m , ,w• 1,0 on inolication. DI - post-tree
A aandsome Almanac tor they ear ending 1,8 54 can be had, gratis,
on application.
Ici Von pane Francais. Qut ml parts Italian°.
it
liler 'Fright Kaanyeutich. mu), ; Act liable Espano.

" WHERE SHALL WE GO THIS
DI iRNING?"

Such is usually the query over the breakfast table with visitors to
London. Let u• answer the quest,on. it you can admire the most
beautiful specimens of Papier Bache manuatcWre which are pro-
duced in this country, din,l4yed in the most attractive forms if you
want a hands,•me or useful D.•eceiug Case, Work• Box, or Writing•
Desk—if you need any requisite for the work-table or toilet—or if
you desire to see one of the most elegant emporiums in London, then
von will go to MECIIT'S, 4, LEADENIIXLI--;TREET, near the
dia Hou.e, in whose show-rooms you may lounge away an hour
very pleasantly.

ALT and CO.'S, EAST INDIA PALE ALE.
1.._7 In consequence of the REDUCTION in price of Hops, the 6s.
per barrel advanced on this Ale in October last, is taken off.
BURTON-ON-TRENT, Dimwit 27th, 1854.

STORES.
London.... .. 22, 'lunge/lord-wharf.
Liverpool ......•• .... 52, Henry-street.
Manchester •• ........ 37, Brown-street.
Birmingham ••.. 264, Bull-street.
Bristol Back Hall, Baldwin-street.
Nottingham •• ...... 44, Greyhound-street.
Dublin •......• .... 4, Crown-alley.
Edinburgh ...• •..... 17, Downie-place.
Dundee •• •• 13, New Inn Entry, High-street.

THE BANK.

The speech of Mr. Gladstone on Monday night threw
much light on many things, but probably on none more
than on the relations between the Government and the
Bank of England. ThiS 'subject is gradually creeping
into importance, and assuming dimensions second to
none of those with which the present preoccupation of
the public mind allows us to deal. The principle in-
volved is that of the propriety of transacting the busi-
ness of Government through the medium of a joint-stock
company, in preference to the agency of a public de-
partment, and much may, undoubtedly, be said for and
against this proposition. On the one hand, a joint-stock
company has facilities for obtaining the best information
and the best assistance, together with a permanency and
a lively interest in the success of its undertakings which
are wanting to a public department. But a public de-
partment is a far cheaper, more flexible, and efficient
machine, and, if it be unstimulated by the hope of in-
dividu profit, it is not so likely to be deluded and led
astray by personal interest. Opinion certainly during the
last few years seems to have been running more and more
counter to the retention of the joint-stock principle
among the approved and recognised agencies of Govern-
ment. The failure of the railways, not only in managing
their own affairs with tolerable prudence, but in per-
forming the public duties with which they are intrusted,
has not been without its effect on the minds of thinking
men, and has tended to discredit the agency which has
bequeathed to us such unsatisfactory results. The discus-
sions also illustrating the expense, delay, and divided
responsibility that result from governing India through
a company, have created the germs of a public opinion
unfavourable to the permanence of such a machinery.
Under all these circumstances, Mr. Gladstone's disqui-
sition on the relations of Government and the Bank of
England is a very seasonable contribution towards an
inquiry of daily increasing interest and importance.
The very compliments of the Chancellor of the Exche-
quer to the Chairman and Deputy-chairman of the Bank
are suggesti ye and significant. "He casts no imputa-
tion on the Bank. Harmony and co-operation ought
always to exist between the Bank and the Govern-
ment. On the one hand, the Governor and Deputy-
Governor of the liank act as the guardians of the
separate interest; of that establishment, and, on the
other hand, the Chancellor of the Exchequer acts
as the guardian of the peculiar interests of the
public ; one maintains what he thinks right on behalf
of the bank, and the other on behalf of the public."
No doubt these statements are perfectly true, but are
they consistent? Granting that it is expedient that the
Government should act in perfect harmony with the
Bank—that is, with the agency it employs to pay and
receive money on its a',ccount—is that end most likely to
be secured by employing an agency which has an interest
pointedly and obviously opposed to the interests of the
Government ? And would not this harmony appear more
likely to be obtained by' absorbing these functions into
the Government itself, by making Government, in fact,
its own banker, and, instead of the not very intelligible
plan of securing harmony by creating a diversity of in-
terest, rendering that harmony absolutely certain by
their identity ? If our money affairs are to be always
managed by conflicting bodies harmony is impossible,
and it is vain to say it is desirable while we neglect the
obvious means of its attainment. The truth is, by creat-
ing and pampering with so large a sum of public money
a body like the Bank of England to do that for us which
we could do so much better for ourselves, we neither in-
sure harmony nor discord ; but this we do insure that,
whether the Bank agrees or disagrees with the Chancel-
lor of the Exchequer, the public must suffer. Their
interests are opposed in the characters of borrower
and lender, depositor and depositary, and, if they
agree, that agreement is purchased at the public expense
by keeping a deposit unnecessarily large, and by paying
interest to the Bank for lending us our own money.
If, on the other hand, the Chancellor of the Exchequer
be not disposed to carry on business in the manner most
advantageous to the Bank, and therefore least advan-
tageous to the public, discord ensues, and by that dis-
cord the credit and resources of the Government very
materially suffer. It is in the power of the Bank— a
power derived from its intimate association with the
Government—indirectly to countermine a Chancellor of
the Exchequer, to discredit his projects, to lower his
authority, and to bring to hear numberless secret but
effective influences against him. Thus certain evil
seems to result from intrusting the monetary affairs of
the public to a separate corporation, whether the rela-
tions of that corporation to the Chancellor of the Exche-
quer be those of harmony purchased with the public
money, or discord fomented to the public injury. One
advantage of a public department would be that
it would require no conciliation, that it would merely be
an instrument, instead of an antagonist, and would, at
any rate, introduce no anarchy into our councils. It is
quite right that our Finance Minister should have the
benefit of hearing the opinions of men who differ from
him as to the best means of securing the public interest;
but it seems hard and unreasonable to embarrass an
overtasked minister in controversies with persons who
do not even profess to be thinking of the public interest
at all, but are exclusively regarding and advocating—as
it is admitted they are bound exclusively to regard and
advocate—the interest of their own shareholders.
The Bank Charter Act of 1844 seems likely to bring this
opposition of interests ultimately to a crisis. So long
as the Bank of England could create money ad libitum,
subject to no other condition than the payment of gold
for paper on demand, matters were likely to go on more
smoothly ; but, now that this convenient source of sup-
ply is checked, the smallest and most reasonable de-
mands by the Government on the Bank are bitterly re-
sented. Who that is aware of the complaints urged
against Mr. Gladstone could have supposed that the
very "head and front of his offending" is, that at the
commencement of a war, and after the compulsory re-
demption of many millions of debt, he borrowed from
the Bank, after long notice, a sum which never exceeded
1,350,000/ , that he was a debtor to the Bank for only
six weeks, and that his average liabilities during that
short period were only 900,0001. ? No one, we think,
after reading his statement, can doubt that the
objections made by the Bank were not urged
in the interest of the public, and that the
time has arrived for reconsidering an arrangement
which so straneely calls upon one department of Goverr,-
men to justify itself before Parliament and the nation
against the attacks of another. We have said nothing
here of the enormous cost of
f the Bank of England to the
public—of the absurdity o borrowing our oy,
or of alienating from the Crown one of the most lucra-
tive and indispensable of its prerogatives. We have
simply confined ourselves to exposing the anarchy, con-
fusion, and detriment to the public service which must
necessarily flow from divided and inconsistent interests;
and we think that it clearly results that the millions
which we place at the disposal of the Bank of England
are employed not in the purchase of a benefit but of a
loss—not to strengthen our credit, but to weaken it--7
not to increase our facility in making pay Ten anti-
cipation of revenue, but to diminish it,—Tones.

The Waterwitch, 8 guns, sloop, Commander A. H.
Gardner (June 28, 1851), arrived at Sheerness yesterday
at 8.30 a.m. from the West Coast of Africa, livt from the
Downs, waiting Admiralty orders. The Waterwitch left
Sierra Leone on the 30th of March last, and has recently
experienced very had weather during the north-east
gales. The man who murdered Mr. Carr,
.second-
master of the Myrmidon, iron padd'e-w -eel steatn-y,ssel,
Lieutenant-Commander William K. Jolliffe, has been
given up by the islanders of Kanna, and handed over to
the Portuguese Governor of Bissao. The Governor of
Sierra Leone has gone down in the Myrmidon to take
charge of him, and he will he taken back to Sierra Leone
and there tried for the murder. There can be no doubt
of being the person who committed the murder, as
confirmatory evidence was given by the islanders of
Kanna to the Portuguese Governor of Bissao on his
being delivered up. It is, however, expected that he
will be formally tried at Sierra Leone for the murder,
and executed at Kanna, as a warning to the islanders
there. All was quiet on the coast at the time the
Waterwitch left. The French war steam-vessel Sesos-
tris arrived at Sierra Leone on the day the Waterwitch
Sailed. The Sesestris was on her passage to the South
coast. Slave vessels were rarely to be seen, and the only
slavers that were seen were sailing under American
colours, but whether American vessels or not was in
some eases doubtful. The Waterwitch has been out two
years and ten months, during which time the officers
and ship's company have been very healthy ; there
has not been a single death of any one of her crew,
and her daily sick list has only averaged three per. cent.
of her entire complement. She has been actively em-
ployed on the coast nine months out of twelve.
At 1.30 p.m. yesterday Vice-Admiral of the :Red..the;
Hon. Joceline Percy, Commander-in-Chief at Sheerness,
accompanied by Captain Lord Frederick Kerr, of the
Waterloo, 120 guns, as flag captaitl visited,.*ed. in-
spected her. The crew went to general quarters, and
fired. They were then put through the great gun,
musket, and cutlass exercise, manning and arming ship,
fire bell, making sail and shifting topsails, all of which
was done in first-rate, seamanlike style. Vice-Admiral
the Hon. Joceline Percy passed a very high compliment
upon the officers and men, as to their perfect efficiency
throughout his inspection. On the gallant Admiral
leaving, the entire crew were passed on deck, and were
addressed by their esteemed commander, and informed
that, in consequence of the war with Russia, their ser-
vices would be still required, and that they would in a
few days be draughted to serve in other ships. The
only whisper that was passed was, " We have been to-
gether for some time ; all we wish is to be sent all on
board of one ship, and still be shipmates. We know
our men ; send us to any place the service may require,
but do not break up our little mess. We have been
taught our duty here as sailors, and we are ready to do
it in the Baltic, Black Sea, or anywhere we are sent."
Their commander informed them that as long as they
remained in harbour at Sheerness three-fourths of the
entire ship's company would be allowed leave daily,
leaving one-fourth to carry on the ship's duty. The tars
doffed their castors, and giving a cheerful bow to the
quarterdeck, left to make immediate arrangements for
going on shore.

The Longboat, sailing tender to the Formidable, has
returned to Sheerness, from Dover, .with volunteers for
the navy ; they are all fishermen, and, in several instances,
masters of fore and aft fishing-vessels.
Lieutenant Marcus E. Srnithett, of the Tribune, re-
turned to Sheerness on Tuesday with his prize crew,
who brought home the Russian ship Fenix. The mas-
ter, mate, and one man, who were on board, have been
set at liberty from the receiving-ship Crocodile, Com-
mander William Greet, off the Tower. The ten Rus-
sian Finland seamen who were taken out of the last
prize the Tribune took off Scarborough, left Sheerness
on Tuesday in the steam vessel Myrtle, under charge of
Master-Commander William S. Bourchier, for the Cro-
codile. On their being mustered on board the Tribune
the oldest of them, a fine fellow, stepped forward, and,

in the name of himself and shipmates, prisoners, most
gratefully thanked the officers of the Tribune for the
kindness shown towards them while on board that ship.

They went fore and aft amon,g the ship's company and
bade them farewell, and wished them every success in
the Tribune. In return the officer in command, First-

Lieutenant William Thorp, expressed his entire satisfac-
tion at their conduct during the time they bad been on
board that ship as prisoners. The Tribune is refitting
running gear, &c., and being partially caulked on her
upper and main decks, and will shortly be ready to pro-
ceed to sea again.

The Formidable, 84 guns, Captain-Superintendent
Christopher Wyvill, was yesterday put out of the fitting
basin at Sheerness, and moored at the basin buoy, in
consequence of its being found necessary to clear out

the mud from the bottoffT of the basin. S. contract ha,
been entered into with Mr. Josiah Hall to get out and
carry away 10,000 tons of mud from the basin.
The Fox, 42, Captain Tarleton, C. 8., returned to
Spithead yesterday morning from the Downs, to be
paid off.

The Scourge, 6, paddlewheel frigate, Commodore
Adams, fitting for the Coast of Africa station, had her
steam up yesterday to prove her boilers and machinery,
and they answered perfectly satisfactorily.
The Colossus, 80, under process of conversion to a
screw ship at Portsmouth, has had an additional party
of workmen put upon her to expedite her for service.
The Eurydice, 26, Captain Ommanney, left Spithead
yesterday morning for the North Sea. The Brisk will
follow her in a day or two.
On Thursday the revenue cruiser Eliza, Captain O'Mal-
,..

ley, stationed at Cork, put to Fea to watch Russian ves-
sels that might put into the Channel. On Saturday she
fell in with a fine Russian bark of 580 tons, called the
Argo, commanded by Captain Steinman, which she ran
alongside and declared a war prize. She came into
Queenstown on Saturday evening with the British en-
sign flying above the Russian flag. On Monday she was
taken in charge by Collector Cassell, the Deputy-Mar-
shal of England, and her papers were handed over to
Mr. John Besnard, J.P., prize commissioner, and
Mr. John Bennett, prize actuary. It appears that the
vessel belongs to Abo, nn the coast of Finland ; that her
master and crew are Finlanders ; that she sailed from
Matanzas on the Ist of April, with a cargo of molasses,
consignedlto the firm of John Kirkland and Sons, Liver-
pool, and that she was to call at Queenstown for orders.
The Mayor, Mr. J. Besnard, and Mr. Bennett, will hold
a court and take evidence in answer to queries fur-
nished by the Government, and all the documents will
be forwarded to London, where the decision will be made
as to whether the vessel and cargo are to be dealt with
as a prize. The crew for the present remains in custody
on board the barque.
The hospital-ship Belleisle, 24, Commander Hoskin,
lying at Plymouth, received 12 seamen on Tuesday from
the guard ship Impregnable, 104, Captain A. Lowe, and
32 from the Royal William, 120, Captain Kingcombe.
Her officers and crew were paid wages on the same day,

and she will probably sail at once for the Baltic.
Extra hands are to be employed to expedite the build,
ing of the Exmouth, 90, in No. 4 slip at Plymouth.
Vice-Admiral Sir Thomas Cob'mane, K.C.8., yester
day struck his flag on board the Victory at Portsmouth,
and went on leave.
Contracts for the supply of 2,000 quarters of wheat
were taken at the Royal Victualling-yard,
Plymouth,
yesterday. Messrs. Hurrell and Crossing are to supply
1,900, Messrs. Treeby and Co. 600, and Mr. James
Horswell 400 quartars, all at 78s. per quarter.
The transport Hrrkaway, with horse artillery from
Portsmouth, for the Mediterranean, having had defects
made good, was towed into the Channel on Tuesday,
and proceeded ; wind, west.
The Culloden (No. 35), transport, embarked another
detachment of the 13th Light Dragoons at Portsmouth
dockyard yesterday morning, consisting of Major Gore,
Ensigns M•Lean and Pursell, and about 50 men and
horses, for Turkey ' • also Veterinary-Surgeon Jix and
Dr. Maclean, of the 42d.
The Calliope (No. 43) has also arrived at Portsmouth
to embark further detachments of the 13th to-morrow.
Four sailing vessels of large tonnage, chartered for
the conveyance of troops, have been visited by the Go-
vernment officers, and reported as ready for their des-
tined service. These vessels are expected to arrive at
Kingston harbour at Liverpool.
The depot of the first battalion, First Royals, consist-
ing of 7 officers and 257 rank and file, left Plymouth
Citadel on Wednesday, and proceeded at 6.55 a.m. by
the South Devon and Great Western Raily to Durston,
whence they march to Dorchester, where they take the
rail for their new station, Winchester.
The first division of the 34th Regiment arrived at
Portsmouth garrison yesterday from Sheffield, under the
command of Major Goodenough.
The second division of the 11th Hussars assembled in
complete service older on Tuesday morning on the parade-
ground, Portobello Barracks, Dublin, and, having been
carefully inspected by Major-General Cochrane,and Major
Dotgias, were formed into a cavalcade, headed by the
bands of the Royal Horse Artillery, the 3d Dragoon
Guards, and the 16th Lancers. On issuing from the
barracks the troops were loudly cheered by their
comrades and by a large crowd of persons who had
assembled to witness their departure. They proceeded
at a walking pace, followed by the sight loving
multitude, for a considerable distance out of the city, the
interest of the occasion being augmented by the presence
of the three bands, which accompanied thedivision as far
as Bali's-bridge, and would perhaps have gone further, if
they had not been deterred by the unsettled appearance
of the weather. The troop reached Kingstown about ten
o'clock, and the business of embarkation commenced
shortly afterwards, and was conducted in the same man-
ner as on the preceding day, a large crowd, including a
number of fashionables, having attended to witness the
operation. The vessel in which they embarked was the
Asia, a merchant ship of 800 tons burden, (Capt. New-
land, master,) the interior of which has been fitted with
every convenience and requisite calculated to promote
the health and comfort of the men and their horses. The
division consisted of 49 men and 50 horses, and the offi-
cers who go out with it to the seat of war are Capt. Cook
and Lieut..Haughton The 3d division of this fine corps
was to embark yesterday (Wednesday) morning. It is
expected that as soon as the whole of the 11th shall have
been embarked the 4th Royal Irish Dragoon Guards will
march from Newbridge for Dublin, where they are to be