The Sun.
London, England, 1825-11-24 00:00:00

• - [THE TIMES.]
• We understand that the Governor and Deputy.
governor of the Bank had an interview yest,r-
day morning, at their own request, and by ap-
pointment, with the Chancellor of the Exche-
quer ; and no doubt is entertained in the city
that the meeting has arisen out of the difficulties
in which the Bank is at present involved. It is
believed that the principal object of the Gover-
nor and Deputy-Governor has been to state, that
if the periodical calling in of Exchequer bills
shall take place as usual, at the termination of
this quarter, and if the decline of those securities
to a discount, which has already taken place,
should lead, on the part of the public, to a large
demand for money instead of new bills, that the
'Bank Directors, in that case, will not have it in
•their power to supply the Minister with the funds
that may be requisite for that purpose. They
must, in fact, .OE-at the Government, on a point
wherein the welfare of the establishment is at
issue, as they would any private party, and refuse
the accommodation which might conduct them
beyond the point of safety. It is further said,
•that they require of the Minister, at as early a
period as may be practicable, a repayment of part
at least of the advances made by them on de-
posing of Exchequer bills. This demand is sup-
posed to have placed the Chancellor of the Ex-
• chequer in .a very disagreeable dilemma, and, if
• persisted in, will leave him only the alternative of
either funding Exchequer bills to a large amount,
or taking the responsibility of involving the Blink
in embarrassments, analogous to those of 1797,
through its connexion with the Treasury. To
fund Exchequer bills is a measure not to he
accomplished without a loan, which must
be authorized by Act of Parliament, the early
_summoning of which assembly might create still
farther alarm in the public mind ; and yet to
suffer the period for calling in Exchequer
bills to pass over would be a confirmation of
the difficulties which the Government is sup-
posed to be at this moment sharing. pretty
extensively with the Bank of England.
•What passed at the interview of yesterday morn-
, ing has not of course transpired, but people infer
from various circumstances, which 'sometimes
speak as plainly as direct information, that it has
led to nothing satisfactory., The Chancellor of
the Exchequer, who came to town expressly for
this meeting, is the only Cabinet Minister, we
believe, now in London ; and it is not likely,
from his known indecision and timidity, that he
could dispose at once, and without assistance, of
so momentous a question. lie could have no
alternative, therefore, but to adjourn it till the
arrival of the other members of the Cabinet in
town, which, unless they accelerate their move-
ments to oblige the Directors of the Bank, will
not be earlier than the 4th or sth of next month,
one of which days is fixed, we believe, for the
assembling of the first Cabinet Council. Thus
the matter stands at present.

[NEW TI ES.I
- A most singular opinion is put forth in a 'Morn-
.iag Paper of yesterday, namely, that " there is,
in fact, too much money afloat." The common
impression is the very contrary, and the general
statements in the very article referred to are
wholly inconsistent with the opinion here stated ;
but inconsistency is a trifle in a leading JOurnal.
The general (one of the article in question is
melancholy and depressing. By the by, we ge-
nerally find one of these depressing articles pub-1
lisped just before the account. This coincidence
is remarkable; and it may, perhaps, render some
persons less ready to receive the writer's impulse,
or, in more trivial phraseology, " to be led by the
nose" by him.We do not mean to deny that the de-
cline in the funds has been marked and rapid oflate,
nor shall we contend that there have not been
several depressing causes ; but among them we
do reckon articles inserted in newspapers mani-
festly calculated to produce that effect. As to
the complaints made of the Bank Directors, we
do not profess to know all the facts necessary to
justify an opinion on so delicate a question ; but
this we know, that much nonsense is talked on
the subject. Some persons, for instance, blame
the Bank Directors for " refusing to advance
money on South American and other Foreign
Securities." Now it is a fact known, %se will
venture to assert, to most merchants who have
lia.d large transactions with the Bank Directors,
that they never have, in any one instance, ad. i
winced.,money upon any Foreign'Stocks.

TIIE PUBLIC LEDGEn.]
We have received the Paris Papers of Mon-
day, with The Etoile of Tuesday. The antici•
paled-improvement in the Rentes has not taken
place ; on- the contrary, they appear to be sub-
ject to as sinister an influence as our own Funds.
On MOnday they sustained a further depression,
:6d:without any other apparent cause but that of
sympathy with the English Market. That no
political cause operates upon them is almost ma-
nifest ; and. the 'speculative mania, which has
been attended with such frightful effects in Eng-
- land, has not prevailed to any extent in France.
It is true the Bank of France has curtailed its dis-
coants, like our own, which will partially account
for the languid state of the Rentes ; but the chief
canie, in all prObability, is the scarcity of money
that exists in the English Market, and which
must necessarily serve to check English specula-
tion-in French Securities. Whilst our Funds, in
their fall, contribute to pull down the Hewes,
the latter increase, by their weight, the velocity
of the descent; whilst the chances of an improve-
ment necessarily diminish in consequence. The
political intelligence in these Papers is devoid of
interest, with the exception of a report, founded
on the authority of a letter from Corfu, and which
is copied from the Diario di Roma, according to
'which the Egyptian fleet has been defeated and
dispersed by the Greeks. UnfortUnately for the
credit of this account, the date of the action is
omittefl ; though it is but proper to remark, that
1•14-e Roman Journal is justly distinguished for the