The Sun.
London, England, 1825-12-14 00:00:00

MERCANTILE SHIPPING.

NORTH and SOUTH AMERICAN COFFEE-HOUSE.
HALIFAX, Nov. 9.—Arrived his Majesty's ship Tweed,
Capt. Hume, from Falmouth in 27 days ; llis Majesty's packet
Camden, Capt. Tilly, from ditto in 28 days; ship Pandora,
Knowles, from Liverpool in 23 days ; brig Rival Evening,
from Demerara in 24 days ; Four Sons, Peitzoch, from ditts

in 27 days.
ANTIGONISRE, Nov. 3.—The Angeline, Capt. Graham,
has been freighted, and is now loading with potatoes, fish, and
other at ticles, for the relief of the sufferers at Miramichi.
PRINCE EDWARD'S ISLAND, OCT. 27.—0 n Thursday last
the barque Elizabeth, Ferryman, from Miramichi for London,
was wrecked on Fishery Island (Richmond Bay), on the north
side of this island; crew saved.
LIVERPOOL, DEC. 12.—Wind W.S.W., light airs.--Ar.
rived the Sarah and Caroline, Evans, from Charleston (Ame-
rican ship) ; Shenandoah, Rose, from Antwerp. Off at sun.
set nine brigs. The Dorset, hence for Savannah, put into Cork
leaky, and must discharge to repair.

DEAL, DEC. 13.—Four P. At. Wind S.W. and squally._
arrived and remain, the Radiant, Phillips, from St. Jago de
Cuba; Margaret, Cutter, from the westward. The following
outward bound remain in the Downs, the rest having gone for
Ramsgate harbour this morning, viz.:—The Ranger, Water.
100, and Carshalton Park, for Jamaica ; St. George, for Gre.
nada ; Richard and John, for Rio Janeiro; and the Ariel, for
Sierra Leone.

PORTSMOUTH, DEC. 13.—Wind S.W. strong wind.—Ar-
rived the Sovereign transport, from Gibraltar, last from Ply.
mouth ; his Majesty's ship Calliope, from ditto. Sailed the
George, Munden, for Waterford.
FALMOUTH, DEC. 12.--Wind W.—Arrived the King-
fisher Packet from America, last from Halifax in 24 days;
Emulous Packet, from Buenos Ayres. Sailed the Perseverance,
'porno*, for Tampico; Sara;,, Cundy, for Gibraltari anu the
Sphynx Packet, forllie Brazils.
LIVERPOOL, DEC. 12..--Wind W.S.W.---Arrived the
Three Sisters, M`Auley, from .Miramic:.ii; Astrea,
Jinni Messina ; Defiance, Ely, from Oporto ; Decays, Hawes,
from Dantzic ; Britannia, Stephens, from Alexandria; James,
Trewarris, from Tarragona ; and Cottager, Cornish, from
Cadiz.

The Jane, Agnew, from Bengal and the Mauritius, has ar-
rived in the Channel.

The Prince Leopold, from Liverpool to Monte Video, is lost
in the River Plate ; crew saved.

The Charles, Walter, from Portland, was totally lost in the
River Plate the 17th September; crew saved.
The Ilavre Packet, Shepherd, from the Cape de Verds, was
totally lost between Point Indio and Point Piedras the 2d of
October; crew saved.
For the information of our yacht friends, and owners of ships,
vessels, and boats, by the recent Acts of Parliament, all ships
and vessels which have not been registered since Ist January,
1835, must be registered, de novo, before the Ist January,
1826. It is also enacted, that every ship or vessel shall, before
she takes in a cargo, have her name painted in her stern, in
letters of not less than four inches in length ; by which enact,
ment, all yachts and other vessels which do not take in cargoes
are not compelled to have their name on the stern. It is also
enacted, that all vessels which are not square-rigged, and all
vessels whatever, whose length shall be greater than in the pro,
portion of three feet to one foot in breadth, shall be forfeited, if'
not licensed by the sth January, :326 ; so that there are very
few, if any, ships or vessels, of any description whatever, in
the United Kingdom, but must be inunediateiy licensed ; also
boats of every description and size, except such as orlon}; to
tgua, c.rigged ships, or such as are solely employed in the
fisheries, must be licensed by the sth Jan. 1g26.

LONDON MARKETS, &c.

CORN EXCHANIGE,Drc. 14.

The supplies of Grain at market to.day are not considerable.
The Wheat trade is nearly in a, seagnant state, at Monday's
prices. Barley for malting is scarce, but grinding parcels are
excessively dull and lower. In Beans I ease and Oats there is
no variation.

ARRIVALS—EngIish Wheat, 730; Barley, 800; Oats.,
1,750 ; Foreign IVheat, —; Barley, 7,700; Oats, 2,650 qrs.
English Flour, 2,400 sacks.

HOP INTELLIGENCE.

BOROUGH, DEC. 12.—N0 alteration in the price of Hops:
MAtIOSTONE., DEC. 10.—There has been a little more dr.
mand for the New Hops this week, and we consider the trace
for pockets lifew shillings higher.

PUBLIC WIIIPPING..—Mauy persons have re.
petted that the learned persons who preside at the Old Bailey
Sessions, appear to be reviving the custom of flogging con.
victcd criminals ; as it is considered that this•species of pu.
nishment rather tends to render the subjects of it obdurate and
degraded, than to amend them or deter others. About twenty
men and boys were ordered to be either publicly or privately
whipped in the course of the late Sessions, which is a larger
number than has been recollected for a long time past.. 1 t was
really shocking to observe how many females and children
were among the crowd assembled in the yard of the Old Bailey,
yesterday, to witness the disgusting and sanguinary spectacle
of a public whipping.—( Times.)
DIABOLICAL ATnocrry.—On Tuesday, the
29th ult., the family of a shopkeeper, in the parish of Craden,
were awoke, about midnight, by a dreadful explosion, which
shook the house, filling the inmates with surprise and terror ;
and on getting instantly out of bed, they found, their shop ad.
joining to be on fire, and the walls and roof of it much shatter..
ed. By their exertions, however, the fire was soon extinguished,
and they then discovered that the shop had been broken into,
and a large quantity of clothiery goods and some money had
been curled off. As powder was none Of the articles kept in
the shop, there cannot be a doubt but the thieves had brought
it along with them. A poor old woman, 95 years of age,
, sleeping in a closet at the black of the shdp, had her bed re-
moved by the shock of the explosion, the partition-wall being
thrown down; and the • fire having caught at the beck of the
bed, she had a narrow escape for her life. Next day, aneW
white iron lantern was found in a ditch in the neig4kbeurbood%
and there can be little doubt of its having belonged tothe is.
cendiarie,s. It is hoped .that the authors of these dieboli44
proceedings will be detected and bepught to,ittetkc.--Uhib/i4
Evening Pcet.

FIIE LONDON JOURNALS.

DAILY

Rztracts fi 9111 the Morning Papers,Dec.l4, 1625.

[mORNlno HERALD.]
There has been a goad deal said and written of
ty,erespecting the Bank—its illiberality,—&c.
We think it unfair to charge the Bank in such
'manner. If the Bank have any fault, it is its too
great readiness in upholding houses, after it has
been ascertained that. such houses have been too
touch engaged in bill accommodation. The Bank
may proceed iudiscounting, time after time, bills
for any one house, and the Bank may be ignorant
that- it had been discounting accommodation
notes. At last it finds it out, and then it throws
oat a whole batch.: The consequence is a stop-
page. Now, suppose A, having a banking-house
in London, joins with B,C, D, and various others
in- the country we will suppose them to he men
of considerable property, but they agree to draw
one on the other to the extent of one million.
pounds. So long as
.they are in good credit
-Rith the Bank, so long• will this one million
pounds be discounted. This would enable the
firm to turn into cash farmers' and shopkeepers'
bills to the amount of 1,000,0001., which, at five
percent. for the interest, would amount to 50,000/.
a year ; but if they proceeded- on the principle
of issuing country bank notes, the profits would
amount to .1.00,0001. a year. We see, here the
ireenptation for people being engaged in banking
establishments. This would do well enough so
long as the farmers' and• shopkeepers' accept-
ances were paid. But if an alteration were made
in the bankrupt laws, by which a debtor might
more easily become bankrupt ; or if it were an
easy thing for a man to go to prison, and release
himself in three:months ;—ifsuch alterations were
brought about,nnd too great a proportion of the
sdpkeepers and farmers went into the Gazette or
to prison, then what a mess the firm might be in.
"Under such circumstances, we will suppose the.
firm 'to stop, and the Bank holds 1,000,0001.
of its paper; the public cry out," Be liberal—
help the firm through its difficulties!" The bank
agree—it is .their interest. The London firm
prepares a statement, which they lay before some
friends in London, who are probably of sufficient
security .for the Bank of England. These friends
agree to become security to the bank to the
arnoant of the 1,000,0001. ; bills are drawn,
accepted, and endorsed by these friends;. the
Bank of England discounts the bills ; the money
is appropriated by A to puy the 1,000,0001. of
paper -already in the possession of the bank,
every thing goes on as before, or so long as A's
friends choose to go on lending their names. At
length A's friends get tired.will not goon accepting,
drawing, and indorsing. The consequence is that
A stops a second time. The bank has crept out,
and has left A's friends in the lurch. But the mis-
chief does not end here, for while the Bank were
creeping out, and lettit-, the friends of the firm
into the place of the Bail, .the concern is kept
going, confidence is restored,,, the customers of
the firm continue their lodgments. A.'S friends
get tired with putting their names to bits of
paper. The thing again comes to a close. The
customers of the banking firm are caught. The
Bank has escaped, the three friends and the
public are the losers. Now if the creditors
should find out the game the Bank had been
playing, would they praise the Bank But the
public know not these things, take the public in
general, and therefore the public may be excused
for saying so much with respect to the cruelty of
the Bank in not coming forward at crisises such
as we r:ow experience. -

[NEW TIMES.]

" It is most desirable," says a Journal of yes.

terdey," that the hangers on upon an honourable
profession should now be shaken off—that is, that'
men who have no other funds than the misplaced
confidence of the public, should be driven to .get
their bread by a inure honourable and more
healthy industry than that of fabricating reports
and watching the Money Market." Out of thine
own mouth will I condemn thee. It is, indeed,
desirable that the hangers on upon the Press, a
profession which-ought to he honourable, should
now be shaken off—now—now that they stand
exposed to the scorn and indignation of every
honest mind for the heartless and shame-
less manner in which they have •nhused
the power which they held for the public
good. They should be shaken off, their
polluted' pages should be cast out with scorn
from those counting-houseS into which they have
introduced the danger of bankruptcy and ruin.—
Men who have no other funds than the misplaced
confidence of the public, men who for years have
lived upon that misplaced confidence, who have
'been fed and clothed, and grown rich upon it,—
these mert should certainly be driven to,get their
brepd in some better way than fabricating reports
of conversations between the Chancellor of the
Exchequer and the Governor of the Bank, and
watching the money market for the purpose of
prolonging its agitations. At a moment like the
present,• when we have seen distress L—pitiable,
painfulAistress fall suddenly upon some of the
most eminent and honourable men in the
city of London, it is a little too much to hear
them insulted in their misfortunes. It is alittle
too much for a Newspaper writer, who has per-
hapi been quite as much patronised as he ever
deserved, by the. " banking concerns" of the City
holding this language of his benefactors: " We
have seen enough of banking concerns to know
that if the present crisis were to pass away hastily,
many who are now trembling would forget their
fears, and be as brisk and swaggering as ever."
1114, we take it, is the language of a swag-
gering writer : what right he has to swag-
.Ter---and'. particularly why he should be al.;
owed to swagger over so distinguished a body
oe the Bankers of the City of London, we
)wn we • are not quite 'clear sighted enough
o discover. • " With respect to the affairs of
he City," says this important personage, " it
impossible that what we have said can affect
.good house'." " We would not have men
hose concerns rest upon the basis of real sub.
4ntial property shaken." Hence it is to be

inferred that Sir_ Peter Pole's house; and ;Mr.
Williams* were not, in the_ estimation of the
writer, " good. houses," and that neither .of them
ever possessed any such thing as " real sub-
stirtial property." But why should it be im-
possible that paragraphs productive of alarm
should injure Bankers of substantial wealth ?
Is not the occupation of a Banker peculiarly
exposed to that very danger ? Can the greatest
care and foresight protect a banking firm against
the panic terrors and groundless fears of the
public ? And have we not seen that such fears
and terrors have been created and nursed up by
Newspaper paragraphs solely, at a time when the
real resources of the country were untouched, and
the monied capital was adequate to all its func-
tions ? Such is the present state of things. No-
thing is wanting except confidence; but that con-
fidence connot revive, so long as any weight or
influence is given to the publication by which it
was first undermined.

rTII I: TIMES.]
Our accounts from the money-market of yes-
terday is melancholy enough, and we have here
but little to add on the slhject. The return,
however, of the bank to discounts at 5 instead of
4 per cent. is a transaction of
.some moment, if
indeed that corporation do grant discounts to any
considerable amount even at the higher rate. The
first reduction of discounts would have been hn
useful measure, if it had been natural, and had
resulted from abundance and low taxation. In the
circumstances under which it took place, we now
find that it has proved injurious, and led to mis-
chievous-effects. It was an artificial and com-
pulsory reduction—not a natural result. When
Government commenced, or tried to commence,
.their new and liberal system of commerce—their
open ports and free trade—they at the same time
reduced the interest of the.national debt : a re-
duction of discounts was of course simultaneous
with this measure. The consequent incapacity
of making as much as usual of their money,
falling on a people exceedingly burdened with
taxation, they were driven to all sorts of expedients,
and entered with madnesS into every project for
the purpose of increasing. their fortunes. The
funds paid little more than three per cent. ; dis-
counts and other honourable mercantiletransactions
only four. These were insufficient returns for
men from whom the tax-gatherer still, continued
to take so large a portion of their income. Hence
were they induced to rush into the wild specula-
tions which were so often the subject of our cen-
sure, and of which.we so frequently denounced
the present painful consequences. For our own
parts, we cannot but consider this return of the
bank to discounts at 5 per cent. as the first indica-
tion of the total failure of the Ministerial project
forestablishing a more liberal system of commerce.
They cannot effect that desirable object, while
they suffer such a weight of taxation to hang about
our necks. Let them recur, therefore, in honesty
and sincerity of heart, to retrenchment, and a
proper peace establishment ; for without these all
attempts at open ports and free trade, however
rational under different circumstances, will prove
fallacious. We must for ever regret the time
that has been already lost by them in futile ex-
periments to elude the duty of retrenchment, and
the reduction of taxes ; not by robbing the public
creditor, (a knavery for which they are not pre-
pared), but by the same means as all honest men
get rid of pecuniary embarrassment,—by eco-
nomy,- by living within their income, and ap-
plying the excess to the liquidation of their
debts'. Had this duty been conscientiously un-
dertaken at the end of the war, the era of a free
trade would have been now fast approaching,
the people would have had funds to engage in it,
and a low rate of interest, which will follow, but
cannot be made to precede and introduce easy
and affluent circumstances, would-have been esta-
blished.

[MORNING CIIRONICLE.I

When Ministers stated in their places in Par-
liament, during the time of the Foreign Loan
and Joint Stock mania, that the rash speculators
ought not to count on any extraordinary aid to
extricate them from their difficulties, it would
almost seem that they supposed the effects of ex-
travagance would be felt only by the really im-
prudent. But in society we all hang together,
and it is impossible for any portion to suffer
without the other classes being more or less
sharers. The most prudent cannot escape
the consequences of any general embarrass-
ment and want of confidence. It ought to be
impressed on all who possess any influence
at the present moment, that a blind selfishness
will soon bring its own punishment along with it ;
that if all persons rush to the banks to draw their
balances, which the banks must pay instantly,
while they cannot compel their debtors to pay
the balances due to them, the consequence must
be very serious indeed. We can hardly conceive
any amount of capital equal to this unequal con-
flict. Paying always, while selfishness, alarm,
or inability induce the debtors to withhold pay-
ment, millions must in time be exhausted. We
put it seriously to our countrymen,—what wilt
be the result of this irrational panic. If the great
establishments of the country feel themselves at
a stand, and in consequence of the cessation of
credit and confidence each individual shrinks
within himself, thousands and thousands w Il be
thrown out of employment i❑ this metropolis, as
well as elsewhere. Have these selfish people,
who needlessly augment the embarrassment, re-
flected on what would be the state of things
in this Metropolis, if any great pro-
portion of the population were out of employ-
ment ? Of what use would all their prudent pre-
cautiOns be, if a general calamity should deprive
property of protection?—lt is clear that the Bank
of England misconducted itself, that Ministers
have misconducted themselves, in failing to avail
themselves of the consent of the Bank to restrict
its monopoly, and that they are consequently
chargeable with much of the calamity resulting
from having left banking on its present insecure
footing—it is clear that much of the overtrading,
much of the exportations of specie to bankrupt or
needy Governments might have been prevented ;
let whatever may have been our past sins, let us,
like Locket and Peachum, in the Beggars' Opera,
stretch out the hand of forgiveness to each other,

and exert ourselves to diminish the evils of the
pressure. The Bank may at present be liberal with
perfect safety, while its notes are at a premium.
The pressure. cannot be of long continuance. The
hurricane, however, is but of shell continuance,
yet how dreadful are its ravages notwithstanding.
We hope, then, that those who have influence
will exert it,—it is yet time—soon the time may
be past. The exertions of one or two men of
energy and character in the City might avert
much calamity. The vessel may yet be guided,
but it may soon become unmanageable.