The Sun.
London, England, 1854-05-23 00:00:00

THEATRE ROYAL DRURY LANE. • opening the Black Sea and the mouths of the
Joessee, Mr. E.. T. Smith.
.4 .
-TEEM 'ZVENING, MAT 23, Danube to the commerce of the world, by break-
WWI be performed DON GIOVANN. Donna Anna, Mdlle. Ru-
ing down the barriers raised by diplomatic blun-
skin,' krff; Elvira, Madame Caradori ; Zerllna, Mdlle. Agnes Bury; daring at the Sulina, as well as at the Kilia and
Don. Giovanni, Herr Pasque ; Octavio, Herr Reichardt; 11 Comman—
istare. Mr. Hamilton Braham ; and Leporello, Herr Formes. at the St. George's mouth, at the Bosphorus and

• Followed by •(4th time) a new BALLET DIVERTISSEMENT.
entitled TYNE FETE EN OLYIdPE, in which Mdlle. Pasqualis will
appear, , •
__
Yrices—BtAlls. 7.; Dress Circle, 58.; Boxes, 3s. ; Pit, 2s. ; Gallery,
lis. - and Private Boxes, One, Two, Three and Tour Guineap. The
Sari-081m open daily from Ten till Six, where places mar be
seettred.. Frivate Boxes and Stalls to be had of Messrs. Leader and
Gerck. fa, New Bond-street.

at the Dardanelles.

The Honourable Gentleman the Member for
Huntingdon last night 'brought the subject of
Mr. GLADSTONE'S new securities under the consi-
deration of the House of Commons, by moving
as an amendment to the resolution, sanctioning
the Ministerial -proposition, " that it is not at
present expedient to authorise any further issue
of Exchequer Bonds with the engagement of
repayment within the next six years." It is
almost unnecessary to add that the entire financial
policy of the present Administration was vigour-
ously attacked and defended, and that many
matters were brought into discussion having b'at
little connection with the topic on which a
divi-
sion was about to be taken. We shall not, follow
the example thus afforded, or yield to the tempta-
tion, however alluring. T-he legitimate subject for
debate was the propriety and expediency of resorting
to a novel speefies of security, or seeking the pecu-
niary advancfA which Che exigencies of the nation
required bly the old and hackneyed means usually
resorted to. Two points naturally arose-Ist,
was it desirable at all to resort to the money mar-
ket for a loan, or anything in the nature of a loan?
2d, If so, what was the most eligible mode of ob-
taining the required assistance ? There was surely
quite enough in these questions to provide ample
occupation of the house, and to enable the speakers
to exercise their eloquence without wandering
into irrele-vant matter ?

THEATRE ROYAL HAYMARKET.
Under the management of Mr. Rackatone.
THIS EVENING, MAT 23,

lila be performed the Drama of THE KNIGHTS OF THE
BiI.IIND TABLE. Characters by Messrs. Chippendale, Howe, G.
Ta radenhoff, W. Farren, Compton, and Bnckstone ; Miss Reynolds,
Miss E. Grey, and Mrs. 'ritzy/1111am.
After which, the entirely new anti original extravaganza, entitled
356 a. BUCKSTONTE'S VOYAGE ROUND THE GLOBE (IN LEI-
CI:STER-SQUARE), written by J. R. Planch6, Esq. Principal
diaraeers by Mr. Buckstone, Mr. W. Farren, Mr. Clark, Mr. J.
Marshall, Mr. H. Marshall; Mrs. Fitzwilliam, Mrs. Caulfield, Miss
Z. Grey, Miss Lydia Thompson, Miss Laura Morris, and Miss
Featherstone.

ROYAL PRINCESS'S THEATRE, OXFORD-STREET.
Under the Alanagemant of Mr. Crust= Kzam.
THIS EVENING, Mat 23,
Will be performed TP,E MARRIED UNMARRIED. Characters
b Messrs. W. Lacy, 'Ryder, and Cathcart; and Misses Heath and
Murray.
Followed by FAUST AND MARGUERITE. Characters by
Mesta's. C. Kean and David Fisher Mrs. Winstanley and Miss C.
Led ercq.
After which, AWAY WITH MELANCHOLY. Charact anyb
Messrs. Meadows, D. Fisher, and Saker ; and Misses Murrayd
sly.

THEATRE ROYAL ADELPHI.
Proprietor, Mr. B. Webeter.—Directress, Madame Celeste.
THIS EVENING, MAT 13,
Will be performed THE MARBLE HEART; or, The Sculptor's
Dream. Characters by Messrs. P. Bedford, L. Murray, Ben. Web-
ster, and C. Selby ; Madame Celeste, Miss Woolgar, and 311,s E.
Harding.
Followed by THE MOUSTACHE MOVEMENT. Principal cha-
racters by Messrs. 0. Smith, Keeley, and ?mane; Mrs. Keeley,
and Miss Mary Keeley.

After which, THE OVERLkND JOURNEY TO CONSTANT'.
NOPLE, As UNDERTAKEN BY LORD BATEWAS, WITH
INTERESTING PARTICULARS OF THE FAIR SOPHIA.

The first of these questions could scarcely re-
ceive any but an affirmative answer. The balances
in favour of the Exchequer were unusually low,
just at the very time when it was desirable that
there should be funds ready to provide for any
suddem demand. Whether the deposits had
beery judiciously and beneficially applied, or reck-
lessly frittered away—whether Mr. GLADSTONE
was deserving of praise or censure, it was of the
highest importance that the Exchequer should be
placed in an easy position, so far as money mat-
ters were concerned. Even if all the propositions
of the Financial Minister were accepted ; if the
nation had determined, to meet the entire expenses
of the war fro' n its annual income, without making
any demanei on posterity—there would be a void,
which should, for the time being, be supplied.
Month must elapse before the proceeds of the
augrrAented taxes can be realised, and something,
should be done to provide for possible and pro-
bable exigencies during the interval. For many
reasons any further recourse to deficiency bills
was to be deprecated. The relations be-
tween the Government and the Bank are in
a very unsettled state, and while difficul-
ties respecting the renewal of the Charter
are pending, it would be very unwise and impolitic
Ito compel the, Chancellor of the Exchequer to
become an, 'humble suitor to the Threadneedle-
street marinates. It was, therefore, manifest that,
without even entering into the propriety of re-
placing the money absorbed in the liquidation of
the South Sea Annuities, and other minor stocks,
or of casting any portion of
.the extra war expen-
diture upon those for whose security and benefit
it was about to be incurred, a considerable sum
should be raised, and the problem to be solved
was as to the most eligible and economical mode
of so doing. -
Having thus' far narrowed the issue to be de-
cided, the nature of the new bonds may properly
be considered. These, it will be recollected,
were to bear interest after the rate of 31. 10s. per
cent. per annum, and to be liquidated iu four,
five, or six years. This proposition turned
out a failure, only one series of the bonds,
to the value of two, millions, being sub-
scribed for, which were to be liquidated
at par in four years. We have already, and before
the time limited for putting in tenders had ex-
pired, pointed out the causes that led to the sub-
sequent failure of the project. Had Mr. GLAD-
STONE followed the example of the French Finan-
cier, and boldly appealed to the people, he would
have obtained the entire sum required without
difficulty. Had he applied to capitalists for ten-
ders in the ordinary mode, the same result would
have followed. Unfortunately, he did neither one
thing nor the other ; he neither relied on the
masses nor on the dealers in money, and, by halt-1
ing between two opinions, he fell to the ground.
But that does not take away from the soundness
of the proposed bonds, and we really doubt if the
money could have been obtained in a better form,
or one more advantageous to the Exchequer.
It would certainly be cheaper than by entering
into a regular 3 per cent. loan, which should be
issued at some 85 or 86. The money thus obtained
might only cost the country 3/. Bs. or 3/. 9s.
per cent., while the bonds would cost 41.
But the latter would be the cheapest in the
Icing run. For here the country would only
have eventually to pay for what was actually ob-
tained, or at least the nominal addition would be
very trifling—while in the other case it would be
at least 15 per cent. The evils so justly com-
plained of by Mr. GransroNz—which added no
less than 250,000,0001. sterling, for which the
country got no real consideration—wereoccasioned
by the vicious principle of borrowing below the
current rate of interest, and thus enhancing the
nominal amount of debt. This was the system
which "justice to posterity" required to be set
aside. It was popular in the Money Market,
because it enabled capitalists to gain inordinate
profits, but for the very same reason it was in-
jurious even to the present generation, and unjust
and inequitable to our descendants.
Considering that by wise and judicious mea-
sures—such as we hope and believe the pressure
from without will force on the consideration of the
House--the Money Market will be relieved long
before the day of payment for even the earliest of
these bonds shall arrive. We conceive the plan
of borrowing for a limited term possesses many
recommendations. The experience of the great
railway companies attests its advantages. If it
were not deemed expedient to liquidate the entire
amount, renewals on equitable terms could easily
be obtained. The benefits arising from the plan
would be even more perceptible if a large propor-
tion of the bonds were issued for small sums, such
as 50/., 201., 101., and even Si. Then, indeed,
they would not merely "aim at" the accumula-
tions of the less wealthy classes. Sums that arts
now Tying useless and unproductive would be
brought forth from the holes and corners in which
they were hoarded, and public credit would be
placed on a sounder, because a far more extended,
basis. The House ultimately, after an interest-
ing discussion, decided in favour of Exchequer
Bonds by a majority of 104, Mr. BARING'S
amendment having been negatived by 290 against,
to 186 for. Mr. GLADSTONE has it now in his
power to issue the bonds for such amounts as he
may deem expedient. Let him take the hint we
have given, and he will fully repair the mistake
of excluding all tenders for less than 1,000 „.—a
mistake which led in a great degree to, the failure
of his experiment.

BOYA.L OLYMPIC THEATRE.
Lessee and Manager, Mr. A. Wigan.
THIS EVENING, 3fAr 23.
wiii be performed THE HAPPIEST DAY OF MY LIFE. Cha-
Vscters DY Messrs. F. Robson, J. FL White, Lode, and Vincent;
Nirs, Chatterley, Miss P. Horton. and Miss Marston.
After which. THE MUMMY. Characters by Messrs. H. Wigan,
Robson, H. Cooper; Misses Marston and E. Turner.
To be fbilowei by TO OfiGNE BENSON. Supported by Messrs.
Emery, Robson, and Leslie; Mrs. Stirling and Miss Wyndham.

STRAND TUE ATRE.
Sole Lessee Mr. F. W. AI —Directress, Miss Rebecca Isaacs.

THIA 'EVENING. 31.1 i 23.
Will be performed 'ME STATUE LOVER.
To be followed by A DAY AFTER THE WEDDING.
After which, THE GARDENER OF VERSAILLES.
To be followed by THE SEA NYMPH'S CAVE.
To concludo wi.h THE BONNET-BUILDERS' TEA PARTY.

Stalls, 55.; Boxes, 3t.; Pit, h. 6d; Gallery, 6d.; Private Korea,
.i 1 lie. 6d., to be bad of Mr. illeroft. 15, New Bond-street.

ASTLET'S EUROPE'S NATIONAL AMPHITHEATRE.
Leases and Manager, Mr. William Cooke.
THIS EVENING, Max 23,
Will be presented the new'grand Nautical) and Equestrian spec-
tacle, embodying n reel and extraordinary effects (written. by Mr.
2.1%;18on Lee), entitled A TALE OF TH.F. SPANISH WAR; or,
The Horse or the Wreck. Th , horses expressly trained by Mr. W.
Cooke.

Followed by NOVEL FEATS of EQUITATION' SANSPA-
REILLE.
To conclude with a Grand Ballet, entitled THE STAR OF THE
BRINE.
Box-office open froth. Eleven till Four. Stage Manager, Mr. W.
West.

HIGH WATER AT LONDON BRIDGE.
Tiros DAT —Morning 39 min.after 11 I Evening 0 min.aft. 0
fakautow—Morning 5 min.after 12 I Evening 26 12

THE WEATHER.--Sum Ornum, MAY 23.
THERMOMETER, IN THY, SHADE.
65 highest since noon yesterOsay.
52—lowest this morning and during the night.
62—this day, at noon.

BAROTAIMER, 29.63.
WIND, W. to W.S.W., light.—Cloudy, with sunshine ;
heavy rain in the night and this morning.

„E;-:

I\~V V,

DEATH OF CARP'
ANAL LASIBRUSCHINI.—WO under-
stand_ that Intelfigence by private letter reached Lon-
don yester-uay, announcing the death of the above emi-
z'Tint. t-cclesiastic, at Rome, on the 11th instant. His
4-1-, inence was a Cardinal of the Order of Bishops, Sub-
deacon of the Sacred Cullege, and Bishop of Porto, S.
Cardinals,
l 8 abeen born in 1776, and created a car-
whose
Hisls the late Pope Gregory XVI., under
State.
su Pontificate he filled the office of Secretary of
will be much felt in Rome.
RIVER (JAIIAICA.) COPPER MINING COMPANY.—
opfretshe'oted
Iv s
the m
re
ee
pt i
on
rgt
is company was held yesterday, when
stated that the examainatio ah
unanimously adopted. It
has not proved encouraging,
and that under these circuarn ces the expenditure had
been kept within close limapTstnasehmoTuaiihr(leeilmwi
intehr st senthe s
aorue t.
p .-o:l)tfaken to carry
were still on the estate, and it r.
the 13,360/.
holders to decide whether ate
out further operations, or to wind u
capital and interest, there remains in idepo,sityvatit tihe Lon-
!
don and Westminster Bank, 10,000/
balance of about 300/. or 4001., in addition to a e4"h
amount realiseable from utensils and machinera ysinall
suggestion was made by the promoter of the underta.kinAg
to institute a fresh investigation, he bearing the expenses
if it shall turn out unsuccessful. The directors were
authorized to take the proposal into consideratioo pre-
viously to the next meeting,