The Sun.
London, England, 1854-06-08 00:00:00

WHITSUN HOLIDAYS. —ROYAL maritime, in the Baltic and in the Euxino, in Asia
SURREY ZOOLOGICAL GARDEN-S.—Ascent in a and in Europe, along the Danube and along the
BALLOON from the Esplanade, in front of the Lake, by the veteran
GREEN, the only ascent here for Eighteen years. Vocal and Instru- Caucasus—everywhere, at this crisis, the Russian
mental Concert, by Miss Poole, Miss Ransford and Mr. 3fanvers.
An extra Military Band daring the day. Extensive and interesting torces are at a disadvantage. The boasted fleets of
Menagerie, ten Lions, three Elephants, two Tigers, two Giraffes, NICHOLAS
two Camels, &c. Various novel amusements, eenclading with a die- ICHOLAS are still compelled to skulk for safety
play ot,Fireworks, gorgeous beyond description. The bombardment under the shelter of the guns of Cronstadt and
of Chaska. Explosion of Fireskips, and Balloon ascent at halt-past
Six. Concert at Seven. Fireworks quarter to Ten. Doors open Sebastopol. His soldiers have been defeated in
from Nine in the morning. Admission to the whole, le. all directions in Circassia—Redout Kaleh has
been bombarded and taken—Anapa has been
evacuated. The enormous land-force under
GORTSCHAKOFF has been compelled to retire pre-
cipitately from Lesser Wallachia to the Dobrud-
scha. That under PASKIEWITCH has failed to
disturb the head-quarters of OMER PACHA at
Schumla, and utterly and disgracefully failed to
make any impression upon the heroic defenders of
Silistria. Precisely at this momentous juncture
—when the English contingent is at length
actually hastening from Scutari towards Varna,
and the French contingent from Gallipoli towards
Adrianople—we are told to prepare for an armistice
between the belligerents, because, forsooth, Russia
is about to yield to the demand sent by the
Austrian Cabinet, on the Ist of June, from Vienna,
that the CZAR should as quickly as possible with-
draw his troops from the invaded Principalities !
We would here laugh this assertion to scorn as an
absurdity, even though the Earl of ABERDEEN, the
fast friend for forty years of the Emperor NICHOLAS,
still unfortunately maintains his position at the
head of her Britannic MAJESTY'S Government.

THEACRE ROYAL DRURY LANE.

Lessee, Mr. E. T. Smith.

THIS EVENING, JurrE 8,
Will be performed FIDELIO. Fidelio, Madame Rndersdorff;
Marcellina, Madlle. Sedlazek; Florestan, Herr Reichardt; Don
Fernando, Mr. Hamilton Braham ; Don Pizarro, Herr Holzel ;
Jacquino, Herr Castelli ; and Rocco, Herr Formes.
Followed by the new BALLET DIVERTISSEMENT, entitled
lINE FETE EN OLYMPE.
Prices—Stalls, 7s; Dress Circle, 55.; Boxes, 3s. ; Pit, 25.; Gallery,
Is.; and Private Boxes, One, Two, Three and Four Guineas. The
Box-office open daily from Ten till Slx, where places may be
secured. Private Boxes and Stalls to be had of Messrs. Leader and
Cock, 63, New Bond-street.

THEA.TRE ROYAL HAYMARKET.
Under the management of Mr. Buckstone.

THIS EVENLY(, JUNE 8,

Will be performed the Drama of THE KNIGHTS OF THE
ROUND TABLE. Characters by Messrs. 'Chippendale, Howe. G.
Vandenhoff, W. Farren, Compton, and Buckstone ; Miss Reynolds,
Miss E. Grey, and Mrs. Fltzwllliam.
- - •

- .
After which, the entirely new and original extravaganza, entitled
ME. BUCKSTONE'S VOYAGE ROUND TAE GLOBE (IN LEI-
CESTER-SQUARE), written by J. R. Planche, Esq.

ROYAL PRINCESS'S THEATRE. OXFORD-STREET.
Under the Management of Mr. CHAatEs KEAN.
THIS EVENING, JUNE 8,
Will be 'performed FROM VILLAGE TO COURT. Principal
characters by Messrs. Harley, Fisher. and Cathcart ; Misses Mur.
ray, Heath, and Vivash.
Followed by FAUST AND MARGUERITE. Characters by
Messrs. C. Kean and David Fisher ; Mrs. Vrinstanley and miss c.
Lec:ercq.
To conclude with A STORM IN A TEA.CUP„ Principal cha.
garters by Mr. and Mrs. W. Lacy.

The "Bears" have had another "tight
squeeze." They have been obliged to disgorge a
considerable portion of the gains accumulated in
the commencement of the panic. The fund-
holders and capitalists have displayed very lau-
dable firmness, refusing to yield to the intimida-
tion practised, or to sacrifice their property to
their unscrupulous assailants. The fuudholders
have held firmly on, and few, if any sales, were
made, save from imperative necessity ; while
capitalists of all classes, from the millionnaire,
dealing in tens of thousands, to the small shop-
keeper or tradesman, drawing for his fifties or
hundred, came nobly forward to sustain the
national credit to the full extent of their hardly-
acquired savings. From an early period, many
mouths before the proclamation of war, it was
manifest that the "ursine fraternity" had specu-
lated far beyond their depth—that they had, in
fact, completely oversold themselves. The urgent
demand for stock just before the settling days, the
large " backwardations" allowed, clearly revealed
the true state of the market, and proved beyond
the possibility of doubt that there was a formid-
able " rod in pickle" for these reckless speculators.
They could not have continued the game so long
had it not been for the assistance afforded by
some of the large fundbolders, chiefly bankers,
who, it is said, lent considerable amounts of stock
to enable the parties to carry out their projects.
The " Old Lady" herself is generally reported to
have afforded extraordinary aid to the " friends
of Russia," having supplied stock to the extent of
many hundreds of thousands, if not millions, of
pounds sterling.
We have so frequently denounced this suicidal
system that it is unnecessary to expatiate at any
length on its probable results to the great body of
fundholders. The Bank of England is, however,
placed in an exceptional position. Although
holding an immense amount of Government
Securities, it would not in any degree suffer
from their depreciation, inasmuch as, even if
obliged to sell, there would be an ample
equivalent for any temporary loss in the enhanced
value of the commodity in which it deals. But
the Directors would scarcely resort to " selling "
at the depreciated prices. Their operations have
been more in the way of " lending" stock to be
replaced at some future time, so that they could
not be affected by any temporary fluctuations, and
if the depreciation were considerable they might
become large purchasers, and thereby realise im-
mense profits. It will thus be seen that it may
be the interest of the quasi National Bank to use
ithe gigantic powers and exclusive privileges with
which it is entrusted by the Imperial Parliament,
- not for the support of public credit, not for the
benefit of the industrial community, but rather to
depreciate the securities to the utmost degree, and
to paralyse the exertions of those straining every
nerve to discharge their duty to society. These
are considerations that cannot be lost sight of
A mere suppression of the revolt in Thessaly, when the question of the renewal of the Bank
Epirus, and Macedonia would be the infliction of Charter is ventilated in Parliament, a matter
which will not, or cannot, be very long deferred.
a vengeance altogether as inadequate in regard to
the Greek, as the arrangement of a peace upon Notwithstanding, however, the extraordinary
the proviso of the status quo ante bellum would buoyancy of the funds, the Exchequer Bonds,
be in reference to the Russian Government. Un- the favourite security of the Chancellor of the
less some sufficient reparation be extorted from Exchequer, from which so much was anticipated,
King OTHO and the Emperor NICHOLAS, unless remain languid and uncalled for ; while Consols
those lawless and treacherous sovereigns be com- move rapidly and decidedly upwards, the Exche-
pelled to expiate, in some measure at least, the quer Bonds remain stationary—while the funded
atrocities by which, through their military and debt is eagerly sought after, although making
ministerial myrmidons, they have contrived to due allowance for the dividend, yielding less than
disturb the tranquillity of Christendom with such 31. 6s. per cent, per annum on the amount in-
deplorable and sanguinary consequences—there vested, the bonds paying 41. per cent. are pal-
will be no security whatever for the future quietude pably shelved. It is true that they are quoted
of Europe, and an indelible infamy will be at a premium of -les to ie but it is merely nominal.
branded upon the otherwise glorious escutcheons. A purchaser might be obliged to pay at that rate,
of the two great maritime powers at present but vendors could not submit to very considerable
recognisd as the champions of civilisation. reductions if compelled to sell without reserve.
On the Ist instant the long-threatened Austrian We have explained SOME of the causes of this
missive left Vienna for St. Petersburg—an intinaa- so-called " anomaly." We have pointed out the
tion reqUiring from the CZAR, in the name eof probable increase in the value of permanent
Germany, the immediate withdrawal of his forces funded securities, that would make the profit
beyond the Pruth, the immediate evaeuatio'a of during the next four years very much be-
the now sufficiently-devastated Danubian Princi- yond the four per cent, that could be
palities. lt is confidently asserted, moreover, by obtained from London payable in 1858. But
those who are generally believed to have a sort. of there is another element in the calculation that
demi-official connection with the ABERDEEN Cabi- must not be lost sight of, and which exercises no
net, that'this demand on the part of Austria, in trivial influence in keeping bonds out of the
the name of Germany, will be treated by Russia market. We have already pointed out the diffi-
neither with contemptuous silence nor insolent culties originally interposed—the notice that no
refusal. In other words, it is implied by the semi- lender would be accepted for less that 1,000/.
ministerial oigans of the English Government the uncertainty as to the price that would be ac-
that the AUTOCRAT will concede to the German cepted—and the payment in Exchequer-bills, or,
what he has again and again denied to the Wes- if in money, at a small premium of is. per cent. ;
tern Powers—that he will speak where he was the latter provision of no practical utility, but
formerly dumb, that he will consent to proposals still likely to excite vague apprehensions in inex-
previously rejected, that confronted not only by perieneed minds, and to deter the general public
France and England, but, in addition to these, from competing for the new securities. Another
likewise by the chief states of the Germanic Confe- obstacle has since been created, for which Mr.
deration, he will sulkily retire within the.bounda- GLADSTONE is not responsible, but which may
ries of Bessarabia, after having done all the damage probably be traced to the department over which
he could, there to recruit the strength of his some- Lord MONTEAGLE presides. In the original con-
what exhausted forces, while occupying the atten- ditions of the loan it was stated that the " bonds"
tion of his numerous enemies by the renewal of would be issued for sums of 1001., 2001., 500/.,
his interrupted and preposterous negotiations. Is and 1,0001. The obvious conclusion was that
all this credible ? Is it conceivable that the States- the parties supposed that they would be permitted
men of France and of England should be so utterly to choose their own accounts within these limits.
blind to the consequences of any such disgraceful If, as implied by the Ministerial organ, it was in-
trickery as to consent, under existing circum-
tended " to sink into lower strata " to endeavour
stances, to an armistice that could only, by to provide a tempting investment for " the smaller
possibility, be advantageous to the designs of accumulations " of the less wealthy classes, the
the enemy's Government ? Let _us avow at bonds should not be for more than 1001. Indeed,
once our belief -th t ythin
a an g like this is little less as we recently explained, that even the " lowest
than absolutely impossible while men of known denomination" was much too high, and that a great
sagacity and experience • still hold within their portion of the unequivocal success of the French
grasp the reins of administration•
. over the desti- project arose from its adapting itself to the wants
nies of France and Great Britain. It is alto- of the community at large, and being issued for
gether incredible that a man of keen penetration so little as ten francs or eight shillings of dividend,
like
Dnoimc DE L'lltrs, a that
soldier of or, in round terms, about two hundred francs or
undoubted bravery like General Velea,ANT, that a eight pounds sterling of capitalised value. These
the '
potentate possessing genius, the daring, po
lwa s available for an ewer ency.
sums were a y y g
the determination,
for which the Emperor and
li.epo- They were just as good as savings banks for small
LEON 111. is now vniversally. known to be so o
very capitalists. Eight pounds would not be too much
• ss shed—it is alto
Wonderfully diss ngui gether lucre- t ha • o hangs, if a man were compelled to realise the
dible that a great ruler, or that eminent states- value of an investment. But here the issue has been
readily
like these should be soduped by any
almost l • menexclusively in the larger denominations.
such shallow devices, or any. such.
transparent
The authorities will not subdivide the subscrip-
n incredible that pro- tions into •
machinations. It is equa. y
suitable amounts ; and therefore the
jests so glaringly characterised by the superficial object of
attracting small investments must be
should at the same altogeth • evidences of their duplicity err le e inquished. We do not ascribe this lat ter
dements of a Cabi- blunder to Mr.
time succeed in deluding the judgments
G ...LADSTONE It may rather be
the nation like England— attributed to red net of All the Talents of a
sne and
ta • habitual disre-
a Ministry numbering amongst its members ad- Bard of the public convenience, exhibited b
ministrators as skilled as Sir JAMES y
GRAHA officials. They will not
undertake the slightest
lISSELL states- degree of additional trouble
patriots as earnest as Lord JOHN RIIssELL, to accommodate their
END ON paymasters-.-the generalpubl
ic.
masters as clear-sighted as the Earl of Celt RENDo_V, The evil may
Viscount not even be occasioned by any delibe
masters of diplomacy as eminent as rate design
PALMERSTON. Again, we repeat—it is incredible, Ito prevent those new securities from becominc,
if plainly perceptible. Mt'
utterly and altogether incredible. It is incredible i popular. But whatever may be the motive, til • e that men like those we have just enumerated I effect is but too
Andr.
should be deceived so very easily by the intrigues( GLADSTONE desire to give fair play to the hoed_
of the Czen—particularly now that they recognise; d
holders, an to make the new securities popular,
him
him to be a Prince entirely untrustworthy—and, he will take immediate steps to remedy the
above all that, knowing him to be such, they ; grievance, and to enable parties interested to ex-
behold his forces before their own at this moment change their largo bonds for smaller denomina-
beieg subjected to vezatious de-
in every direction at a disadvantage. Military and I tions, without

LYCEUM THEATRE.
Under the management of Madame Vestry.
THIS EVENING, Jun 8,
Will be performed BEFORE BREAKFAST. Characters by Mr.
C. Bathews, Messrs. F. Matthews, Swan, and Baker; Alba Wad-
ham, Scc.
Followed by GIVE A DOS; AN ILL .NAMIL
To conclude with TRYING IT ON.

THEATRE ROYAL ADELPHI.
Proprietor, Mr. B. Webster.—Directress, Madame Celeste.
THIS EVENING, JuNE 8.

Will be performed THE MARBLE HEART; or. The Sculptor's
Dream. Characters by Messrs. P. Bedford, L. Murray, Ben. Web-
cter, and C. Selby; Madame Celest Miss Woolsax, and Miss E.

After wllich will be produced the New Extravaganza, entitled
A MOVING TALE, supported by Mr. Keeley, and Mrs. Keeley.
To conclude with the popular Nautical Drama of the CABIN BOY.
Julien (Ger original character), Madame Celeste. Tickets, Places,
and Private Boxer to be had at the theatre.

ASTLEY'S EUROPE'S NATIONAL AMPIIITURATRE.
Lessee and Manager, Mr. William Cooke.
THIS EVENING, JUNE 8,
Will be produced a now Grand -Historical 3lPitary spectacle, en-
titled THE COSSACKS ; or, Vlve la Francs.
Followed by a total change of the Scenes in the CIRCLE.
To conclude wilt a new Grotesque Extravaganza, call.d THIS
HORSE WILL RE SOLI) 10 PAY EXPENSES IF NOT
CLAIMED WITHIN FOUItTEEN DAYS.
Box-office open fro:n Eleven till Four. Stage Manager, Mr. W.
West.

HIGH WATER AT LONDON BRIDGL.
Tins DAY —Morning 35 tnin.after 11 I Rvoning 0 min.aft. 0
To-Mbzitow—Morning 0 cairt.aftei 12 i Evening 24 miu.rat. 12

THE WEATLIER.—SUN OPFICI, JUNI: S.
THERMOMETER, IN THE SHADE.
60 - highest since noon yesterday.
51—lowest this morning and during the night.
61—this day, at noon.

BAROMETER, 30'14.
WIND, N.N.E.—Fresh breeze, with clouds and sunshine.

,
- AAIXt6

LONDON, THURSD \_Y, JUNE 8, 1854.