The Sun.
London, England, 1838-10-17 00:00:00

THE SUN, LONDON, WEDNESDAY, OCTOBER 17, 1838.

MONEY AND CITY NEWS.

(reuas THE SIOItISING I'APL.Ita OF TUIS
TIME S.—The purchases of stock aguinst annuities granted
by the Government continue from day to day at the Stock-
Exchange, and are likely, it is understood, to last some time
longer. But, if the current rumours are to be believed, a
new purchaser of these annuities has appeared in the market,
being no less a party than the Bank of England, and, under
the supposition that this rumour is not without foundation,
much conjecture has been hazarded respecting the motives
which can have induced this Corporation to traffic in such
commodities. It is clearly no legitimate banking operation.
It is also said that the Bank arc buyers of stock as well as
annuities at this time, and the reason for that is less difficult
to comprehend, as they have to re-invest the capital expended
for their dead-weight annuity, so as to be brought, when
it is ended, into the situation with which they began that
li
operation. But it should be borne in mind that buying
stock is not a sound banking operation, any more than
annuities, and that the retention of this dead-weight an-
nuity by the Bank, is altogether contrary to the understand-
ing with which it was granted. Had they sold it under any
of the redundant money markets which have presented them.
selves in the interval, it would have offered the best corrective
of over-issues, and kept the circulation in a sound state. The
Directors say that they could not then have made so large a
dividend—the invariable and sufficing answer to all objections
to their administration.
By the advices from Hamburg the price of gold is 4361 per
mark, which, at the English Mint price of 3/, 17s. 100. the
ounce for standard gold, gives an exchange of 13.101, and the
exchange at Hamburgh on London at short being 13.81, it
follows that gold is 0.86 per cent. dearer at Hamburgh than
in London.
The premium on gold at Paris is 84 per mille. which, at the
English Mint price of 3/. 17s. 100. the ounce for standard
gold gives an exchange of 25.36 k, and the exchange at Paris
on London at short being 25.45, it follows that gold is 0.34
per cent lower at Paris than in London.
The course of exchange at New York on London is 1091
per cent., and the par of exchange between England and Ame-
rica being 109 23-4Oths per cent., it follows that the exchange
is 0.18 per cent. in favour of England.
The settlement of the Account did not cause any alteration
in the funds. Consols closed at 94 to i for Money, and for
Account at 94h- to 71._ Bank Stock was 204 to 4 ; India

Stock, 262 to 263 ; Exchequer Bills, 68s. to 70s. premium.
Business was rather more active in the foreign house, but
prices remain with little variation. Spanish Active, with the
May coupons, were 18 to ; Portuguese 5 per Cents., 324 to
3 ; the 3Fr Cents., 204 to 11; Brazilian were 79 to ;
Mexican, 22i to 34; Colombian, 234 to 41. Dutch 2i per
Cents., 53i to Y ; the 5 per Cents., 100/ to 1.
There was little doing in shares. Great Western remain
13 to 14 ; London and Birmingham, 82 to 84 ; North Mid-
land, 2to 3; Manchester and Birmingham, ato ; South-
ampton New, 21 to 2 premium ; Southampton Old, 4 to 3 ;
Brighton, 241 to 2 ; Blackwall, 11 to 1 ; Greenwich, 34 to
2/ discount ; London Joint Stock Bank Shares, 21 to 3
premium.

CHRONICLE.—The exportation of the precious metals
from the Port of London for the week ending Saturday last,
the 13th instant, consitted, according to the official returns, of
1,213 ounces of gold bars which were sent to Hamburg, and
16,800 ounces of silver coin, of which 16,000 were sent to
Rotterdam, and 800 ounces to Cadiz.

HERALD.—Money in the commercial market has been
rather easier since the payment of the dividends, as we pre-
dicted, and on good paper may be obtained at 3 per cent.,
whilst on the Stock Exchange it only commands 2 per cent.
from day to day.
This has been settling day in the British Market, and the
arrangement has passed over without any difficulty. It turns
out to be a Bear Account, though far from being heavy.

POST.—An arrival at Liverpool (the William Turner),
has brought accounts from Bombay to the 13th of June. The
commercial advices represent that a decline in the Cotton
Market had given greater spirit to the shippers of that staple,
particularly to Europe. Freights had in consequence ad-
vance:lto 6/. to 61. 10s. per ton. ; the Exchange was Is. Hid.
The Atalanta steamer had arrived at Bombay on the 4th of
June, with the English mail of the 14th of April, and some
few letters to the 26th of that month, via Marseilles. Ar-
rangements had been made to despatch a steamer on the Ist
of July, via the Persian Gulph, and another on the 18th of
July, via the Red Sea. Persia is represented to be in a com-
paratively quiet state.
Money has been very plentiful in the Stock Exchange to-
day at the rate of about 2 per cent. per annum, and the set-
tlement of the Consol Account has been easily arranged.

SPORTING INTELLIGENCE.

NEWMARKET SECOND 0 CTOBER MEETING,

YIISTERDIY.
Fifty Pounds, for two yrs old ; colts, Bst. 71b ; and fillies, Rst. Mb,
T. Y. C.
Lord Tavistock's ch. c. by Augustus
General Yates's Canute

The following also started :—Duke of Grafton's b. e. Montreal ;
Lord Exeter's f, by Reveller, out of Amino.; Lord Exeter's b.f. by
Sultan, d. by Abjer ; Mr. W. Ridsdale's b. c. Mandingo ; Mr.
Batson's b. c. Barbican ; Lord Lichfield's b. c. by Priam, out of
Seamow ; Mr. Greatrex's b. c. by Camel, out of Citron ; and Mr.
Edward's Brother to Masquerade, by:Mameluke. Betting.—Even
on the winner, 6 to 1 agst Canute (t), and 6 to 1 agst Montreal.
Won by a neck.
----- - - • -

The Clearwell Stakes, of 30 soy. each, 20 ft., for two-yrs old:
colts, Bst. 71b. ; and fillies, Bst. 51b. T.Y.C. The winner o
the July Stakes 7lbs. extra. (37 Subs.)
Duke of Richmond's Reel

„W. Day

Mr. Thornhill's b. f. by Merchant 2
The following also started :—Lord Exeter's c. by Reveller, out
of Advance; Lord Exeter's c. by Mulatto, out of Marchesa ; Lord
Suffield's f. Marie, Waverley, out of Benevolence; Colonel Peel's
hi. f. Whim, by Camel, out of Versatility ' • General Yates's br. f.
Siroc; Mr. Newton's b. f. Retrospect; Mr. Fyson's b. c., by
Priam, out of Worthless ' • Duke of Rutland's f. Revoke, by Camel,
out of The Odd Trick ; Lord Lichfield's Sister to Hector ; Duke
of Grafton's ro. c. Courier, by St. Patrick, out of Oxygen ; Mr.
Houldsworth's br. c. by Filho-da-Puta, out of Corset ; Mr.
Gardnor's b. c. by Rowton, out of Bustle; Duke of Richmond's
Bulwark ; and Duke of Richmond's Vale of Belvoir. Betting :-
7 to 2 agst Vale of Belvoir, 13 to 2 agst Siroc, 13 to 2 agst the
Shoveler f., 7to 1 agst Marie, 8 to 1 agst Revoke, 11 to 1 agst
Whim, 20 to 1 agst Retrospect, and G to 4 agst Duke of Richmond's
three. Won by half a length.

MONDAY NIGHT.
The following are the only additional particulars required of a
very poor day's sport :
Handicap.—The start was excellent, all getting off so well thac
it was impossible to discern which was making play ;
on nearing
the cords Dash, Maid of the Mill, and Voltaire colt dropped off, and
Meedizabel, running past Anne Boleyn, won cleverly by half a
length. Sister to Professor was third, St. Vitus and Benedict fifth
and sixth.

Gardfn Stakes.—Velure made the running, followed by 31.0-rella
rella till near the ropes, where she gave up; 31orella went on with
the lead, defeated Egeria in a short struggle up the cords, and won
easily by a length. Guava was beaten ida long way.
In the course of the evening there was some brisk betting at the
following prices:—

CLTARIVELL STAKES.
7 to 2 offered on the field.
4 to 3 agst Duke of Richmond's three—taken
6 to 1 agst General Yates's Siroc—taken
8 to 1 agst Mr. Newton's Retrospect
8 to 1 agst Mr. Thornhill's Shoveler filly.
6 to 1 was taken to a large amount about each of the following
three in one bet:—Duke of Richmond's Bulwark, Reel, and Vale
of Belvoir.

DERBY.
13 to 1 agst Lord Jersey's Brother to Bay Middleton
20 to I agst Anything, bar the favourite
20 to 1 agst Mr. Wreford's Westonian—taken freely
20 to 1 agst Lord Lichfield's Gulnare colt
20 to 1 agst Duke of Richmond's Bulwark
20 to 1 agst Duke of Rutland's Flambeau
25 to 1 agst Mr. Greville's Derrinane
33 to 1 agst Lord Jersey's Cain c.dt—taken
40 to 1 agst Lord Suffield's Vernon—taken
1000 to 10 agst Duke of Richmond's Vale of Belvoir—taken.
The weather is cold and gloomy, and the attendance moderate.
It is uncertain what day the Loutherbourg case will come on, in
consequence of the ab3ence of Lord Exeter, who is detained at
Burleigh by the Marchioness's expected accouchement.
A Match is made for Friday between Lord Suffield's Arsenic, 5
yrs, Bst. 71b. and Lord G. Bentinck's D'Egville, 7st. 91b. T. V.C.
200 h. ft.

ROYAL CALEDONIAN HUNT AND WESTERN

MEETING.—FntnIr.
Fifty SOTS. given by the Caledonian Hunt, added to a Stake of 10
sovs. each. Two miles. (& Subs.)
Lord Eglinton's br. e. St. Martin, 3 yrs, 7st. 101 b W. Oates 1
Mr. Ramsay's bl. h. Inheritor, aged, 9st. Mb.
Sir J. Boswell's ch. m. Sunbeam, Bst. (J. Holmes), seat Lord
Eglinton's b. g. Eolus, 7st. 71b., by a neck. Three miles. 100,
ls. ft.

Her Majesty's Plate of 100 guineas. Four miles.
Mr. Ramsay's lir. c. Lanercost, 3 yrs, 7st. 91b. Cartwright . I
Lord Eglinton's br. c. St. Martin, 3 yrs., 7st. 91b...........} 2
Lord Eglinton's ch. f. Impertinence, 3 yrs, 7st. 91b ...3
Mr. Aleiklam's b. f. Modesty, 4 yrs, 9st. ..................... :.. 4
Won by a length.
Free Handicap Stakes of 5 sous. each, p.p. Mile and a half.
Captain Richardson's br. g. O•wald, 6 yrs, 7st 111b....walked over.
Plate of 50 sore., given by the Western Meeting, for all ages. Two
mile heats. The winner to be sold for 150 sous., if demanded, Sc.
Mr. J. 0. Fairlie's gr. c. Pyramid, 4yrs, 7st. 101 b. 4 1 1
Sir J. Boswell's ch. f. Sunbeam. 5 yrs, Est. 21b 3 3 1 2
Mr. Merry's br. m. Florentia, 5 yrs, Bst. 21b 1 2 3 3
Mr. Carfrae's b. c. Scrambler, 4 yrs, 7st. 101 b.

LIVERPOOL OCTOBER MEETING, MoNDAr.
Handicap Sweepstakes of 15 sous. each, 10 ft., with 50 added.
One mile and a half and a distance. Gentlemen riders. The
winner to be sold for 150, &c. (1 2 Subs. )
Mr. Buckley'sb. h. Job Trotter, 5 yrs, l Ist. 41b. (Mr. Sirdefield) 1
Mr. M'Donogh's b. h. Bolivar, aged (h. b. ), llst. 61b.
Mr. W. Clarke's b. c. Anvil, 4 yrs, 9st. 101 b
Mr. Hornby's b. m. Rebecca, 4 yrs, lOst. 61b 4
Mr. Knaresbro's b. h. Emu, 6 yrs, 12st
Mr. King's b. h. Vernal, 4 yrs, lOst. 121 b 6
Mr. G. Wood's bl. in. Bess, by Belzoni, 5 yrs, list. 41b 7
The Liverpool Hurdle Race Sweepstakes of 15 sous. each, 10 ft.,
with 50 added. Two miles. Gentlemen riders. (6 Subs. )
Mr. J. Stevenson's True Blue, aged, list. 121 b....( Mr. Barker) 1
Sir E. Mostyn's ch. g. Warwick, by Roller, aged llst. 21b.... 2
Mr. Knaresbro's gr. g. The Tyrant, 6 yrs, 11st:'1131b... 2
Mr. Hornby's ch. h. Achilles, by Actaeon, 3 yrs, 9st. 61b.....b01ted
Hurdle Race Sweepstakes of 7 sous, each, 5 ft., with 20 added, for
horses of all denominations, 12st. each. Heats, once round and
a distance. The winner to be sold for SOL, &c.
Mr. Hodgson's b. m. The Lady (Mr. Barker) 1 1
Mr. Forrest's b m. Maid of the Falls . 2 3
Mr. J. Langshaw's Frodsham (late Polyanthus. 3 3
Mr. Devine's b. g. Waverley
The winner was claimed.

The Crown Prince of Bavaria left Berlin on the
10th inst., on his return to Nnuieli.

PRECURSOR SOCIETY.

LETIER FRO Ai ;+I R. o' G• NNE

The followi,,g letter appeared last Monday in the columns
of the Dublin Pilot :

Darrynane Abbey, October 12, 1838.
My Dear Ray—lt is with considerable reluctance I state
to you that within three weeks I must leave all the delights of
tbis, my mountain home, and involve myself again in active
political exertion. In the mean time you must prepare and
have every thin,' ready to commence operations on my arrival
in Dublin. IV'e must 'combine discretion with firmness in
laying the basis of our new Association, the " Precursor So-
ciety." It is necessary for the success of our present etr,,rts
to combine every shade of political opinion amongst us. Our
object 3t present is to obtain justice for Ireland through the
Imperial or United Parliament.

We must make this experiment in such a manner as to sa-
tisfy every rational Irishman that there is no possibility of Ire-
land being righted by any other Parliament than her
I have had many communications from various and some
highly influential persons of the Liberal party, who say that
they are ready to be " Precursors," and to co-operate in work-
ing out my experiment to obtain justice from the United Par-
liament, to the full extent to which I seek it, but that they are
unwilling to pledge themselves at present to become parties to
the repeal agitation— and they add, that it looks like a political
trap, to ask them to pledge themselves to an alternative, that
of repeal, to which they think we shall never arrive, because
they expect that a simultaneous movement of all Ireland, re-
peaters and non-repeaters combined, would secure justice to
Ireland exactly as Emancipation was carried.
This raises the question whether the " Precursor Society"
should include those who are non-repealers, and who are not
at present ready to pledge themselves to become repeaters
hereafter.

I have deeply considered this point, and have no hesitation
in saying, that in my opinion we should include, if possible,
all classes and creeds of Irishmen—non-repealers, contingent
repealers, and out. and-out repeaters—Catholics, Protestants,
Presbyterians, and Dissenters. This is the only way to make
our experiment complete. If our experiment succeeds, the
non-repealers will have a triumph—if our experiment fails, the
contingent repealers will join the thorough repealers, and we
will then dissolve the " Precursors," and look to the formation
and mode of organising a NATIONAL ASSOCIATION OF ALL
IRELAND.

Let us, therefore, not only act candidly to one another, but
make our arrangements so as to preclude all doubt or difficulty.
From the general principles we cannot swerve. Let us only
take care to combine all those who agree upon these principles.
What I propose is this--that there should be instantly formed
a Committee of persons enrolled as " Precursors" m Dub!in,
to be called "A Committee for framing the Constitution of the
Precursor Society of Ireland."
Go to each parish in Dublin that his held a Precursor
meeting, and get each to select—first, five Precursors to be
the committee of that parish—secondly, add to that committee
every person who has procured in that parish, and paid for, the
enrolment of twenty Precursors—himself and nineteen more.
Let every person who hereafter procures twenty Precursors in
that manner be also a member of that committee.

Get together these committees in one committee, at the
Corn Exchange, and submit to that general committee re-
spectfully the adoption of the following " constitution" of the
Precursor Society :
The Precursor Society is now established for the follow-
ina purposes :
'First—To maintain entire, cordial, devoted, and immovable
loyalty, devotion, and allegiance to her most Gracious Ma-
jesty, our beloved Queen Victoria, and her heirs and suc-
cessors for ever.
Second--To obtain for Ireland all the Parliamentary fran-
chises and rights of voting of the British people, by commu-
nicating to each of the three divisions of the United Kingdom
all that is valuable and useful in such divisions.

Third—To obtain for Ireland her due proportion of mem.
bers in the United Parliament.

Fourth—To obtain an entire Reform of our Corporations,
identical in every respect with the English Corporation Re-
form Bill.
Fifth—To obtain for Ireland the total extinction of tithes,

whether called rent-charge or by any other name, and thus at.
tain an equalization of religious liberty by the abolition of al
compulsory payments to a Church to which the people of Ire
land do not belong.

--Sixth—To combine in the pursuit of these objects universal
Ireland—lrishmen of every class and creed—Repealers, non-
Repeaters, contingent Repealers—Catholics, Protestants,
Presbyterians, and Dissenters.
Seventh—Should the British Parliament refuse to grant to
the people of Ireland an equalisation of civil and religious
rights, then the Precursor Society will stand dissolved, and all
sincere friends of Ireland will join in the organisation of a Na-
tional Association, in order to restore to Ireland, by all con-
s:itutional and legal means, her legislative rights and her do-
mestic Parliament.
Eighth—Every person who is already enrolled, or shall
hereafter be enrolled by payment of one shilling to Mr.
Ray, the Secretary, shall be a member of this Precursor
Society. _ _ _

Resolved—That this constitution of the Precursor So-
ciety be now adopted, and that, accordingly, Irishmen of
all shades of political opinion, and of all persuasions and
creeds, be invited to join in the great experiment to ascertain
whether justice to Ireland can be obtained from the British
Legislature.
If the General Committee of the " Precursor Society,"
will, at my suggestions and earnest advice, adopt the above
constitution, all excuse for holding back or neglecting to join
in this great experiment will be taken away from everybody
who has or affects to have any attachment to the rights and
liberties of his native land. Our present object is to compel,
by moral force and peaceable combination, the British Par-
liament to do us justice, so as to render the Repeal of the
Union unnecessary.
It is, therefore, no excuse for not joining in the Precursor
Society to allege that the individual is not a Repealer, or has
not made up his mind as yet on the subject.
These persons ought to be the first to join us in our great
experiment. to prevent the necessity of repeal agitation.
Those who think with me that repeal agitation must be re-
sorted to should join the " Precursor Society," so as to be
able to hold out this proof of the atrocious mischief o the
Union—namely, that Ireland is treated with injustice and
contempt by the United Parliament.
Tell everybody that I want " two millions of Precursors."
Give me t,vo millions of Precursors and my experiment will
be complete. Less will not do.
Suggest as strongly as you can from me the propriety of
the adoption of the above constitution. Procure as speedily,
as possible a meeting of the General Committee which I re-
commend ; and let this constitution, if approved of, be adopted,
printed, and circulated.
The actual existence, of the " Precursor Society" will date
front the adoption of this constitution. To this and no more
do the Precursors pledge themselves. The materials for
complete success exist, and I have no doubt but we shall
work them out.

Believe me to be your's faithfully,
DANIEL O'CONNELL.

T. M. Ray, Esq.