The Sun.
London, England, 1825-11-30 00:00:00

LONDON MARKETS, &c.

CORN EXCHANGE, Nov. 3.0.
The supplies of Grain this week are tolerably get d, ansl they,!
is another large quantity of Flour. Wheat remains extremely
dull in sale, there being scarcely any except damp sampl,s
its
the market. Barley, Beans, and Pease, are unaltered. Ow.,
find buyers readily at Monday's terms. The Flour trade re-
mains very dull.
AmtivALs—English Wheat, 3,640; Barley, 3,070; Oats,
5,600 ; Irish Oats, 3,500 ; Foreign Barley, 640; Oat'', 410
quarters ; Flour, 6,430 sacks.

HOP INTELLIGENCE.
MAIDSTONE, Nov. 2C.—There has been a little more caning
in the flop trade this week, and we hear some lots of bag's ha.‘e
been sold at frorn 171. 10s. to lilZ. lOs. per cwt., but fue pc.elets
the demand is not so much at present.

EFFECT OF CONSCIOUS Gui
week, a working man went into an aactien-room in the neigi;-
bourhood of York, and after continuing about an hour and a
half, discovered his watch to berms mg. e immediately reported
the circumstances to a resident Magistrate, and asked his advice
on the subject. The Worthy 3iagistiate observed, that in all
probability the thief was by that time beyond the teach of appre-
hension ; however, he recommended the poor man to lose no
time to go to a police-officer (Pardoe), and state the particu-
lars to him. Away the man ran as fast as he was able towards
York, and between what is called the White House anti the
Mount, he perceived a man to be walking before him. \o
sooner did this man see the person robbed,apparently
him, than he instantly ran offhiniself, attne same tam c droppiN
something from his hand. and taking a..e foot road in the &Fac-
tion of Holdgi.te. The person who had been robbed presently
lost sight of the person absconding, but when the former had
arrived at the place where he had observed something dropped
from the latter's hand, he picked up, to his agreeable surprise
his own watch 1

SHOCKING ACCIDENT.—This morning a sho,-1,,-
ing accident happened in Fetter-lane, ve!lieh
was attended with serious consequences. 'Fwo
brewers' drays were proceeding up the lane at a
very quick rate, when on reaching the White-
horse Inn, one of them ran foul of a stage-coach
that was standing outside, and by the concussion
the wheel of the waggon came off, and falling
upon a Gentleman named Colton, residing in
Aldersgate-street, he was knocked down, and
both his legs were most seriously lacerated.—
Mr. Colton was carried home immediately, ~there
he 'now lies in a very ill state,

THE.LONDON-JOUILNALS.

DAILY • ,
.
ii'xtractaftom the Morning Papers, Nav:3o, 1 82 5

• ITUE•TIME9.]
The .notice for calling-, in Exchequer Bills ap-
peared in
.last .night's Gazette. ..This measure, on.
the part of •the- Treasury, h 0 been anticipated
:before the,c-loseof -yesterday's stock-market, and
had a corresponding and favourable effect on the.
priees•.of3Consola both.for money. and acceunt.--
The -increase of interest. from lid.. to 2d.per diem
ea the amount.of Exchequer Bills about to be
re-issued, raises the interest on each 1001. bill
horn tee_3l.. Os. 10d. per annum; mak-
ing an addition of interest
.on the whole amount
of Exchequer Bills,; if
,calculated- at 4,000,0001:,
of about 300,000/. per • annuty. But it is pro 7
bable, from the pressure for money, that a pro-,
portiOn—possibly one million, or nearly. so—of
the old hills may be called for in Bank-notes : the
:bating Exchequer Bills will, in that case,. be.
cos. the present reduced- by the amount so .to
'be liquidated, and the new bills passing into
thehands of the Bank of England may be after-
wards thrown into the market, whenever a. suit-
able moment arrives forcalling in the Bank pa-
per, which must now be provided by the Trea-
sury to cover the 'Burn requited. At the same
time, let it be observed, that the arriount.of cir-
enlating medium will be increased in the precise
ratiocif the notes or coin to be forthwith issued
liern the Treasury ; and that, although a pallia-
tive of the. existing distress for Money may be
found in the like proportion, the remedy is of a
nature which, if largely administered, would serve
but to aggravate the severity arid to deepen the
roots of the disease. It is vain to suppose that
the machinery for manufacturing and pushing.in
all directions the circulating medium, can be left
by Parlia=ment in its present state. We have al-
ways urged the plan which was last night recom-
mendr.d by a cotemporary, and supported by many
sensfhle observations, for compelling the Bank of
England to uncloak itself, and to break from the
cover in which it has hitherto enveloped its mul-
tifarious financial manoeuvres, if it were only to
show the world that the conduct of its Directors
is• judicious, and its establishment a benefit to the
nation, instead of an incumbrance and a wrong.
Nor can the secrecy due to the management of
private property be pleaded in favour of the Bank
of England, whose operations have an effect so
prodigious on the market-value of all commodities
—from the pound of beef to the estate which
fattens it. The Bank of France has started from
a point of improvement at which that of England
has not, it seems, yet arrived: 'rhis, we have

some reason to believe, is felt by one or more of
- the King's Ministers. An improvement in the
system of country banks is also much to be desir-
ed : but we shall take another opportunity of
discussing this important subject.

{THE PUBLIC LEDGER.]
The Foreign Journals of yesterday have
brought no news of the slightest importance.—
The Hamburg!' Papers, which usually publish
the latest, as well as the most authentic intelli-
gence from Russia, merely contain a few data
respecting the commerce of Odessa ; and from
this circumstance alone the reader would be able
to appreciate the rumours that have lately ap-
pared in the Paris Papers, respecting the de-
signs of that Power. They have no allusion,
corresponding with the theatrical representation,
which the 'illoniteur gives of the movements of the
Grand DukeConstan tine. This Prince is described
as proceeding quietly on his way from Dresden to
-Warsaw, in company with his spouse, when he
was. met by a Courier, conveying an order to
him to proceed with the utmost possible expedi-
tion to Volhynin, in order to join the Emperor in
that province. The impression intended of course
to be conveyed is, that Constantine has been sum-
.-.rorsed by his brother, to head some military
operations against the Turkish empire ; but un-
fortunately for the credit of this speculation, the
season of the year is against it in the first place,
and, in the next, the return of the Emperor to
St. Petersburgh was fixed for the 24th instant.
As his Imperial Majesty, all puissant as he is,
could not be in two places at the same tune,
and as he could not conquer another physical im-
possibility, that of moving a large army for
effective purposes of warfare at the beginning
of *inter, we are obliged to conclude that the
statement in the. Illoniteur has been put in for
theatrical effect alone. It is astonishing with
what pertinacity the Continental Papers cling to
'the belief that the Emperor Alexander meditates
the invasion of the Turkish Empire, and with
what-credulity it is received in general. Every
7efer,.nay,-every month, for the last four years,
has this rumour-been revived, and'each time with
increased confidence, without assuming additional
probability ; and it rests upon
,the same loose
grounds at this moment as it did at the onset. If
Alekander be the ambitious Prince, whisk many
persons imagine, at least they must allow that Ire
hits.u.ot.stlon it in this instance.. In fact,the whole
of hie•Coodoct, as respects the Porte, has been mark-
,ed by singular forbearance ; and, to ascribe this
to a timid policy would be an act of injustice, and.
an instance. of gross ignorance. It would be as
wrong, to put it•down to the account of perfect
disinterestedness, ,and perhaps the best way of
.explaining his conduct would be, to suppose that
,Some other design has had more attractions for
him during ,this period thart.the conquest of, the
Ottoman. Empire. , Should his ambition, however,
alter its present direction, and take the bias which
his subjects have long and impatiently desired,
there would be more risk in gratifying it than is
commonly imagined. In the mean time, we may
venture to say, that as long as England is guided
by her present liberal Councils, Russia will ens
gage in no hostile enterprise apiust Turkey.

[WHINING POST.]
In a preceding column will be found the pro-
ceediMzs of the Catholic Association—(see ano-
ther column, of THE SIN)-- Which the Dublin
Eveniiik Post thinks, of, sufficient importance to
justify a second edition... In the course of these
®:'Connell, in order to contrast the " libera►ity

'of Catholic States with the conduct of the boast-
ful English," appealed to the " noble and
magnanimous conduct of his Bolivar." Now
what is .the liberality displayed by the coun-
tries at the head of which Bolivar is placed,
towards Protestants ? They do not allow
them the free public exercise of their religion I
They maintain the Catholic Supremacy in all
its exclusiveness and tyranny, and even refuse
Christian burial in consecrated ground to those
Heretics whose blood, exertions, and heroism
'have mainly contrihufed to the establishment of
their independence. :Is this the liberality which
this ignorant Declaimer desires should be shown
towards the Catholics of Ireland ? Would he
annihilate at once.the immense privileges which
they possess, to reduce tltej to the condition of
Protestants in Colombiil -Or.rather has he not
betrayed his secret ~meaning and revealed what
de.gree•of liberality'we should receive, fro!o Ca-
tholics,,if, we once suffered them to regain the
ascendancy in our triple empire ?

[NEW TIMES.) .•
Yesterday was another anxious day to 'the va-
rious speculators and brokers on the Stock Ex-
change, and the number of transactions reported
was to an amazing extent. Consols opened in
the morning 81i for money, and 82-1 for the ac-
count : they, fell below this quotation. Towards
the middle of the day, however, the panic which
has operated so powerfully on the public mind
appeared in some degree to subside, and the
Funds experienced a re-action. To show in what

a feverish state they were at one part of the day,
after a heavy sale they rose suddenly 4 to 1 per
cent., and from 824 were quoted 834 g. They,
however, did not remain at this price, but de-
clined to 83, between which and the closing
price they continued •t.o fluctuate the 'remainder
of the day ; at four o'clock they were 824 for
account, and after the close they were done at
82-k for money, and 8344- for the account. The
continuation yesterday was as much as 1:f per
cent. Exchequer Bills were at a very low rate
of discount. On Monday they closed at 7s. dis.
for all descriptions, after haying been at .14s. dis.
in the course of the day ; yesterday, however, they
suffered a further decline in value ; those of
1,0001. being 18s. dis. ; 5001. and small bills, I 6s.
dis. In the course of the afternoon it was cur-
rently reported that Government had decided to
raise the rate of interest on the Exchequer Bills
from 1-Id. to 2d. per diem ; but it was some time

before the report obtained any credit, as by many
it was supposed it could riot be effected without
an Order in Council. Before four o'clock, how-
ever, it was made known by Mr. Hase that such
was the determination of Government, who arc
ready to pay off the holders of Exchequer Bills
upon their presentation at the Bank after a given
time. We understand the order came too late

o allow many operations in the Money Market

in these Securities. The determination of Go-
vernment with respect to the Exchequer Bills
was expected to he in last night's Gazette. The
operations in the Foreign Market were to a very
considerable extent. Most of the South Ame-
rican Stock improved towards the latter part of
the day. Mexican Bonds advanced from 634 to
64 ; Brazil Scrip is 124 to 131- dis.; Peruvian
Bonds, 47 ; Guatemala Scrip, 8 dis. Russian
Bonds, 864 ; Spanish Bonds, 15.1: ; Colombian
Bonds, 614 to 63. Greek Bonds appear to be
gradually declining ; yesterday they were quoted
at 18. French Funds, 5 per Cents. 95f.; Three
per Cents. 661. ; Exchange, 10f. 15c.—The Share
Market was but badly supplied with purchasers

for, the Shares in the different Securities, and
they did not support the prices they were quoted
at on Monday. Anglo-Mexican were yesterday
25 pm.; Anglo-Chilean, LI dis.; Castellos,
pm. ; Haytian, dis. ; New United Mexi-
can, 9 dis.; Alliance Fire, 24 to 3 pm.; Ans-
lian,lok pm.; British Rock and Patent Salt, 22
pm.: Canada, JO to 12 pm. ; Rio de la Plata
Agriculture, 4 dis. A considerable failure on the
Stock Exchange took place yesterday, which has
created a considerable sensation. The parties,
two partners, some short since, had been ex-
tremely fortunate, and gained large fortunes in
the South American Securities : their failure yes-
terday is an event deplored by many, as their
characters for integrity stand very high. An
anecdote related in an Evening Paper is so well
known to be correct, that the unfortunate circum-
stance has excited the commisseration of most
persons. There was a very favourable report as
to the ultimate state of Sir William Elford and
Co.'s (Plymouth Bank) affairs. It is stated, with
some degree of confidence, that there will be
sufficient funds to liquidate all claims without the
land belonging to the partners being sold. Their
resources, it is said, have been locked up in
mortgages.

[MORNING CIIRONICLC, j

The City was again yesterday a scene of great
agitation. The Bankers and private discounting
houses complain bitterly of the Bank. They
say, it is impossible for us to tell what the issues
of the Bank are ; but we know that we cannot
obtain the accommodations on which we cal-
culated for our best customers, and if the
issues are not limited, there is at all events a
different distribution of a great part of them.
If we had had the least suspicion of the deter-
mination of the Directors, we should not have
given accommodation to many who have a less
strong. claim on us than those to whom we
are now forced to refuse it. But the Direc-
tors —burrow. under ground like so many moles
—they do not see their own way, and others
are led astray bTthem. They are like mariners
who carry full sail by night in an unknown sea,
uncertain whether the next minute they may not
strike against a rock, thereby exposing their own
lives, and the lives of their passengers. It was
stated on 'Change yesterday, that the assets of
the Bank of Sir Wry). Jlford will be more than
sufficient to .cover the claims, and that the stop-
page has_ been occasioned by investments on
mortgage. But a_Bank that lends on mortgage,
is sinning against the. first principles of the
trade.. Assuming, then, this statement to be,
correct, it proves. either great ignorance of the
principles by which hankers ought to be guided,
or a most unwarrantable departure from them.-1

, But it is useless to inveigh against the miscon.
duct of particular banks. The great point is to
derive a lesson from past mistakes. The country
would not be at the discretion of private bankers
if the monopoly of the Bank of England did not
deprive it of the benefit of establishments, which,
from the foundation on which they rest, and the
necessity of adhering to principles, would furnish
la security against the mischievous speculation of
the issuers of notes, who are unaware that money
lent on mortgage cannot always be had in time
to pay their obligations. The circulation of the
country ought not to be at the mercy of every
man, who, trusting to mere local influence,
chooses to deal in paper. If we do not profit by
the severe lesson which we are now receiving, we
shall be the most besotted people ever the sun
shone upon. The late Dr. James Gregory ob-
served, in one of his amusing Memorials, that the
keeper who allowed his mistress to favour him in
a particular manner more than twice, had a fair
title to a place in a lunatic asylum. But John
Bull has received the favour more than thrice.
If he wishes for a continuance of these kind ac-
commodations, he is incurable.

[MORNING HERALD.]
Notice, we see, is given of an intention to
• apply to Parliament, in the next Session, for a
Bill to re-establish Hungerford Market. This
would be a great improvement and convenience
I to a great part of the metropolis; and is not only
one which we have ourselves repeatedly pointed
out, but is in unison with the suggestions which
we have long urged upon the consideration of
those in whose department the furtherance of
such objects rests. The professed object, we
• see, is to form a fish market on this spot, which
would be highly desirable ; but that, to any
considerable extent at least, we fear, is hope-
less, while the Old London Bridge continues
to present such an obstruction as it now
does to the free and safe passage of the river.
But when it is considered how much of the
fruit and vegetables with which the Metropolis
is supplied now come by water, and how much
more would come in the same manner, were there
no subsequent land carriage to encounter, we
think we may safely predict that this market,
established with ample space and under proper
regulations, would soon rival Covent-garden, and
leave the latter—better adapted, in point of size
—to its fair legitimate purposes. We trust
that, whatever is done, the whole area will
be thrown open both to the Strand and to
the river, or, at any rate, ample access
made to it on all sides, both for foot-pas-
sengers as well as for carts and carriages.—
To be sure, Northumberland-House, with its
heavy prison-like walls and portals, is a sad im.
pediment to improvements in that quarter of the
town : but if Dukes choose to live in the Strand
or Thames-street, who is to dispute their taste ?
To return to the proposed market,—on the
Thames side much may be done both in point of
ornament and utility, without interfering with
Colonel Trench's plan, but which, by the bye,
we suspect, has descended to the tomb of all the
Capulets. Separate stairs of landing-places will
of course be constructed for goods and passen-
gers. That for the latter should be so contrived
as to be quite distinct from the Market, yet to
be capable of access to it. Indeed, were it to be
removed to the bottom of Craven-street, it would
be a great improvement over its present situation.
Upon the whole, the revival of this market
would, we think, be one of the most feasible of
the many projects which have of late been started,
and one which may be accomplished at no very
enormous expence, with a pretty tolerable pro-
spect of a sure and speedy return.

[BRITISH PRESS. 3

Our national literature was perhaps never more
at the flood than at this moment, nor was there
ever a time when readers were more general or
books of value in greater request. And yet the
Morning Herald, as if ambitious of making new
discoveries, informs the public in its columns of
yesterday, that " The Bookselling Trade was
never known to be in so depressed a state as at the
present time. The Bank of England has refused
for the last three weeks to discount any booksel-
ler's bill." Now we can•positively affirm that this
libellous assertion is utterly unfounded. Booksel-
lers' bills, as such,have not been,in any one instance,
refused, but have been discounted with as much
readiness as ever. We stated in our paper of
yesterday one of the leading causes which have
compelled the Bank, in its own defence, to re-
strict its discounts, independently of the sound
policy which justified that measure, as connected
with the limitation of the paper currency. No•
thing," this journal continues, "can be more con-
firmatory of the falling off in the bookselling
business than the fact of the two principal book-
sellers, Constable and Murray, having become
Number Publishers."—This is truly a marvel-
lous sample of logical induction.—Because the
demand for works of merit is so extensive,
among persons of every class, as not only to en.
courage the publication of entire works of the
most expensive kind, but to create a great sale
for them when published in parts ; and because
periodical works, which are necessarily brought
out in nun►hers, have become so • important a
brance of British: literature, that booksellers of
the very first repute are engaged in their publica-
tion, therefore it is i►► proof that the demand for
works of literature is on the decline, or—in the ele-
gant language of this great Longinus—" the book-
selling business is falling off." Now it may be
averred, without fear of contradiction, that the
bookselling trade has doubled within the last six
or seven years. A work, however expensive, if
it has merit, is purchased with an avidity that, tiil
of late years, was unexampled. We might pro-
duce a catalogue of instances, from every book-
seller of eminence : but one fact may suffice :
Messrs. Longman recently published Moore's
Life of Sheridan, in one volume 4to. at the price
of three, guineas—and, at the end of three
days, of the whole edition of one thou-
sand copies not a single copy was left !
A notable result this of the declining de-
mand for literature, and of an expiring trade! !
But the Herald, in the depth of its wisdom, not
only affirms that the book trade never was so

depressed, and that the Bank of England will not
discount a bookseller's bill ; it proceeds to reveal
the secret of all this decay of business and
extinction of credit. The public are shown
in a very few words how this sad catastrophe
has been brought about. " This state of
things has, no doubt, been brought about by
the refusal of the respectable Newspapers to
put in paragraphs puffing off books, except the
word Advertisement' was prefixed to such puf-
fing advertisements."—We never before heard of
newspapers putting paragraphs into newspapers
—but let that pass. The republic of letters is
concerned only with the cause of this great con-
cussion in the learned world. The Morning
Herald has refused to admit puffs without the
notifying prefix! !—This refusal, seems, has well-
nigh reduced the booksellers to the verge of
bankruptcy. It has destroyed their credit with
the Bank of England, and brought their trade'
to decay!!

quis non,
Jupiter exclamat, sirnul atque andivit.
But malignity is sometimes so glaring as to defeat
its own purpose; and we have here a memorable
iwstance of it.