The Sun.
London, England, 1838-12-15 00:00:00

POLICE INTELLIGENCE.

lIA T T 0 N- GARDEN.
AFFLICTING CASE.—Yesterday a young man named Rickel,
who has been several times in custody, was put to tho bar for
final examination.

Mr. Ricket, Of the John Bull public-horse, in Brewer-
street, Clerkenwell, stated the prisoner is his son, and he was
under the painful necessity of calling upon the Magistrates to
send him before a jury of his countrymen. Fur many years
past he (the accused) had been a source of the deepest anxiety
to him, and every means had been used to make him a respect-
able member of society. All their endeavours, however, to ac-
complish this had proved of no avail, for his determination was
evidently a career of infamy, and no alternative was left but
the present proceedings.
Mr. BURRELL said it certainly was a melancholy sight to see
a father prosecuting his son, and no one could help comnaiser-
sting with Mr. Ricket.

Ricket said that the plunder had been going on for years,
and his losses had been to a ruinous extent. The prisoner
made no scruple in his thefts, everything, in fact, within his
reach being in danger.—He was fully committed for trial.
Mr. Milts, of No. 22, Leather-lane, was summoned by
Stowell, the common-informer, for obstructing the footway in
front of his house by having some bricks and mortar thereon.
This, as well as several other informations fell to the ground,
and were dismissed by the Magistrate. '

WORSHIP-STREET.
Yesterday William Carter, a young man, was
.placed at the
bar before Mr. GROVE, charged with having wilfully fired a
loaded pistol at Mr. P. Smith.
It appeared that the prisoner was placed in the possession
of a house in Lee Bridge-road, about 300 yards from the Lee
Bridge, which belonged to a gentleman of the name
of Small, in whose service the prisoner is. On Thursday
night, about ten o'clock, the complainant, who is clerk to M.
Hardman, solicitor, Broad-street, City, went to the house for
the purpose of serving a Marshalsea writ upon Mr. Small, who,
he supposed, was there, but who bad left a fortnight ago. In
the execution of his warrant he was opposed by the prisoner,
who discharged a pistol at him.
The prisoner stated that be wt.s placed there in possession
by Mr. Small, whom he expected to return next week. The
complainant, when he called, said that he was an old school-
fellow of his (prisoner's) master.
Mr. GROVE remanded him till Wednesday next, when be
would commit him for trial on the capital offence.
Sergeant Hunt, of the N division, held a paper by which
the prisoner was put in possession of the house, and which
was signed by Mr. Small.

MARLB 01?0 UGH- STREET.
Thomas Morgan was fully committed for having embezzled
various sums of money belonging to his employer, Mr. Taylor,
ironplate-worker, Noel-street.

(FROBI THE MORNING PAPERS OF THIS DAY.)
TIMES.—It is understood among parties who have access
to good information on the subject, that there are no indica-
tions of improvement in the public revenue, and that the pre..
sent quarter, so far as it has advanced, is as bad as the corre-
sponding quarter of 1837. The prespect of a recovery in that
part of it which is yet to come is a good deal marred by the
fall in the duty on wheat imported to Is. the quarter, for the
second time since the last harvest, but a partial rally is still
not impossible, and no general conclusion can therefore be
safely conic to with respect to it. The only motive for ad-
verting to it at all is to seize the occasion to express the wish
which all men of business feel, ant the public accounts may
be presented in a better and clearer form in the next
return than has hitherto been the case. No country in
the world exhibits accounts which convey so little real
information of the situation of the Government as ours do,
neither would such accounts be tolerated for an instant,
either in the transactions of any private merchant or
banker, or any Joint-stock Company, allowing itself to be
under obligation to furnish accounts at all. We are not san-
guine enough to expect that any such reform will be volun-
teered, but it may be safely affirmed that there would be no
difficulty in the case, and that until it is effected the public
%%ill put no sort of faith in these periodical returns from the
Treasury. Of late years, even upon their own system, the
information is much less comp!ete than it used to be.
The Funds have been heavy all day, and Consols remain
at the depressed quotations of yesterday-93i to 4 for the
opening. Bank Stock was 202 to 203 ; India Stock, 261
to 2623- ; Exchequer Bills, 645. to 665. ; India Bonds, 625.
to 645. prem.
In the Foreign market little business was transacted, the
dealers being principally occupied in preparations for the set-
tlement of the Acceunt on Monday. Be!gian securities have
been lately on the decline, and the 5 per Cents. left off to-
day at 994 to par ; Dutch 24 per Cents. remain 54f to -4 ;
the 5 per Cents., 1004 to 1 ; Spanish Actives, with the 111ay
coupons, were 16 to 4 ; Portuguese 5 per Cents., 29 to ; the
3 per Ceats., 19 to I ; Brazilian 77 to 4,-; Mexican, to 23;
Colombian 254 to 26.
Great Western Railway shares were a little affected through
the adjournment ef the meeting of the shareholders, which
took place to-day, without any result : the Shares left off 94
to 101 premium; London and Birmingham, 76 to 8; South-
ampton New, 19 to 20 Manchester and Birmingham, 4to
1.; Extension line, hto premium; North Midland, 1 dis.
to par ; Greenwich, 34 to 4 ; Br'ghton, 3;-i- to i; Blackwell,
24 to 4 dis.
Frequent cautions have been given from time to time against
too large a venture by our capitalists in securities of American
origin, but it would appear from the sensitiveness shown by
all concerned whenever any hint is given of their secret ope-
rations, that it has become more needful than ever to repeat
that caution. It has never been affirmed that all were un-
sound, or equally to be shunned, but the best may suffer by
the bad company into which they are brought, and, unless
under the most careful and judicious guidance, the safe course
is to avoid the whole of them. These circumstances of
hazard must always be taken into the account, when embark-
ing in the securities of the United States, beyond the actual
solvency of the state, or bank, or joint-stock company—that
the debtor is at a great distance, compellable to good faith by
no law whatever; that a war may make the means of annoy-
ance to this country eagerly sought after; and that dishonesty
towards the foreign creditor is not, even in time of peace, ab-
solutely to be treated as impossible. Of the manner in which
banks more especially have been managed in America more
than enough has been said to put people on their guard.
There exists in general no sort of control, no real responsibi-
lity, nothing which can protect the shareholder at a distance;
and in the case of Biddle's bank, flourishing as it may be to
outward appearances, and judging by the dividends and quo-
tations stone, there are these vital defects, that no accounts at
stated intervals are rendered, and that the whole is under his
uncontrolled management. But, having begun upon a Govern-
ment charter, though long since at an end, and continuing upon
a state charter vcrysuspiciously obtained, to pay good dividends
annually to his shareholders, the parties shut their eyes to the
rest, and hope that nothing serious will happen. The public
may, and probably do, buy of these things to some extent, but
at the Stock-Exchange there is still much shyness respecting
them, aed t.o quotation of them is yet made in the official
list, with the exception of the- United States Banks shares
and bills.

Complaints are made of the distressed state of the linen
manufacture in Belgium at present, the same as in France.
With a viaw to remedy the evil great efforts arc making to
improve the spinning of linen yarns, and to this end an asso-
ciation has been formed, supported by the small yearly sub-
scription cf one franc each member, and directed by central
and provincial committees, the objects of which are to obtain
and diffuse all the information which can be procured as to
the best modes of working and the most improved machinery.
The best practical workmen are to be engaged from other
countries, and particularly from this, to superintend, and,
by force of example, to make the native workmen more
skilful. Five public companies have already been formed for
the spinning of linen yarn by machinery, with capitals vary.
in; fro, 5,000;000f. to 2,000,000 f., and with machinery of
25,000 spindles moved by steam.engines of 120-horse power,
to 10,000 spindles and 80-lio• s power. The steam-engines and
machinery arc principally to be cf English construction, or
manufactured in Belgium by English mechanics. In one of
these enterprises, however, Mr. John Cockerill, one of the
ingest, if not the largest, flax-spinners on big own account in
Belgium, is a director, and the machinery is to be furnished
from his extensive works at Seraing. The machinery of an-
other of the companies is to be made by Messrs. Fairburn, the
well-known engineers of Leeds, who it seems have established
an extensive machine manufactory at Mechlin. Great expec-
tations are formed of these different undertakings, as tending
to revive and maintain the ancient superiority of Belgium in
the manufacture of linens. No difficulty was experienced in
the subscription of the necessary funds.
It may be interesting to notice also the extraordinary efforts
making in France to improve the manufacture of linens, and
particularly in the Yarn department, where the old system of
spinning by hand or by very rude machines, promises to be
entirely superseded by the application of modern machinery.
It is knoan that one of the rich and ingenious family of the
Cockerills, so celebrated for their extensive ironworks and
machine workshops, has been induced under favourable cir-
cumstances and privileges to construct large factories not far
from Paris for the spinning of linen yarn, in which sort of un-
dertaking he has been followed since by various capitalists
of the capital. This has contributed to stimulate the spirit
and enterprise of the departments, where the linen has begun
to attract greater public attention than other descriptions
of manufacture. Although linen is one of the oldest manu-
factures of France, and was much cultivated in particu-
lar districts, it is only lately and since the new system
of applying new and improved machinery on the same
large scale as in cotton, that it has begun to branch
out more extensively into other provinces. In Normandy,
Bretagne, and Maine, the new process of spinning linen yarn
by mac.hincry has already extended and taken root. It is stated
that yarns are thus produced, and cloths made with them in
considerable quantities, and make their appearance in country
markets, where before the sorts and qualities were unknown.
The thread of the yarn is spoken of as being strong and per-
fectly even, and the cloths wove aith it partake of the same
qualities. From the mixture or cotton with linen, the warp
being of one and the weft of the other material, or in other
ways, according to processes long practised here, cloths of a
good description have been obtained, and brought to such per-
fection, that it is said to be almost impossible to detect the
existence in them of the cotton admixture. The appearance
of the cloth is stated to be suparior to that of hempen cloths
and linen not mixed. The partisans of the old method pre-
tended that the goods thus produced by the new mechanical
processes were neither so firm nor durable as those made from
yarn spun by hand, which it is admitted may probably be the
case to a small extent ; but, in return, this disadvantage,
whatever it may amount to, is felt to be more than compensated
in the price, which is much more moderate than of those pro-
duced in the old way. By the great mass of people, and espe-
cially those of moderate means, a fair share of durability in
manufactured articles, with a low price, will always insure a
preference over those more lasting, but also dearer.

POST.—An uneasy feeling continues to be manifested by
the more timid of our moneyed and commercial men in con-
sequence of the news received yesterday from Belgium, and
this has apparently been rather increased by some paragraphs
contained its the Brussels correspondence of the Antwerp
Journal du Commerce of the 13th instant, received this morn-
ing. It is stated that the warlike demonstrations observable
in various parts of the kingdom had caused the greatest ex-
citement in the capital. An order had. it appears, been given
to the regiment of Guides to form two new squadrons, while
the four already organized were reported to have received or-
ders to march for the province of Limburg. It is added, that
King Leopold contemplate(3. a visit to the French capital, with
the view of obtaining from his father-in-law that co-operation
which has been so resolutely denied him by the Mole Ministry.
That an unpleasant sensation was beginning to prevail at Brus-
sels is sufficiently evident from the declining state of the public
funds in that market, both the national securities and joint-
stock property of all kinds being more or less affected by the
news and gossip of the day.

II ER A LD.—Money continues in steady demand for corn.
mercial purposes, though there is no absolute scarcity of it in
the market, but it commands full 3 to 3i per cent. on the first-
rate paper. The presence of a great many United States
commercial bills in this market, and the known large invest-
ments in the stocks of the United States, which pay from five
to six per cent. per annum, that have daily absorbed large
amounts of British capital for some time past, and which, as
we have already stated, can only be employed at a much
lower rate of interest or profit in
.British securities, coupled
with the present state of the Continental exchanges, appear
to have been the primary causes of the present peculiar
features of the Money Market here. In addition to these cir.
cumstances, sufficient of themselves to throw a damp upon
our Money Market, we have to refer to the state of affairs in
Belgium, the Peninsula, and our Canadian possessions, whilst
amongst our commercial interests we find there is a latent
degree of apprehension that the late heavy speculations
which have been carried on in cotton and grain have been
rather overdone; yet, for the sake of the stability of com-
mercial credit; we trust the extent of these operations may
have been mis-stated.

CHRONICLE.—The uneasiness which was apparent yes-
terday at the Stock Exchange has not been removed to-day,
but no further depression has occurred, and it appears attribu-
table to the state of the Money market rather than to political
causes, as we shall in a day or two, perhaps, be enabled to state
more circumstantially. Consols remain at 93a to for the
opening, and Exchequer Bills at 64 to 66 prom,

HIG WATER AT LONDON BRIDGE TO-MOKROW.
M0rning........ 23 minntes after 1 1 F,rening 50 miuutes after 1

THE BRITISH WAX CANDLE, SOAP,
AND OIL COMPANY.

Capital 100,000 10,000 Shares of 101. each.
Deposit 21. per Share—Premium 11.
Applications for Shares and Prospectuses to be made (if by let-
ter, post paid) to the Solicitor, C. M. Ullithorne, Esq., 26, Red
Lion-square.

The publication of THE SUN NEWSPAPER commenced this day

at 10 minutes past Three o' Cloth.

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