The Sun.
London, England, 1841-11-19 00:00:00

EVENING SUN

MONEY and COMMERCIAL NEWS,

FROM THE MORNING PAPERS OF THIS RAT.

POST.—The pressure upon the Money Market
noticed yesterday has not diminished. At the Stock
Exchange, indeed, it was felt with increased severity,
loans, in very special cases, having been made for
short periods at an inordinate interest on the security
of Consols. The rates generally given were from 6to
8 per cent.
It was again reported that the 'ank of England had
come to the determination of fatsiag its discounts to
6 per cent., and that a notice to that effect might
ba expected to make its appearance after the breaking
up of the meeting of the Directors, this being the
weekly board day. As we ventured to anticipate
yesterday, however, the rate payable for some time
past was left unaltered. Goods are just now ex-
traordinarily cheap, and there is so ample a supply
of treasure in the country, that the Bank, in its pre-
sent position, would unnecessarily excite distrust by
running counter to the general wish of the mer-
cfetile interest, which seems to bo rather in favour
of an extension of the note circulation, if any change be
made at all. Business is in a dull state, more so in
tact, than is usual even for the season of the year.
Private credit has been notoriously damaged by the
prifligate Exchequer bill transactions which the last two
or three necks have served to expose to the pubic
view. The signatu:es of all documents I epresenting a
money value ate, for the moment, scrutinised with great
suspicion, the ordinate; bill of exchange, dock warrants,
od other like transferable instruments seeming to re.
qn:re verification before any pecuniary dealings can be
safe,: founded upon them, quite as much as Exchequer
bilis. Confidence is expected to be in a great measure
fostered when the extent of the late frauds shall come
to be ascertained and the patties concerned in them
placed beyond the reach of doing further mischief, but
act before.
It is thought that the Committee of the Stock Ex-
change were bound, when, a few days since, they for-
bade two leading dealers in spurious Exchequer bills to
do business in the house, to pro tribe the whole of
the parties together.
More forgeries are said to have been discovered, but
we do not hear of what. It it be true, as was rumoured
euring the day, that Snlth will be admitted by the law
officers of the Crdwn as Queen's evidence upon the
ensuing trial, it is to be presumed that an extraordinary
mass of delinquency will be at once brought to light.
1, appears to us highly desirable that, now that the
public mind is so much agitated upon the question of
forget.;es, every possib!..l effort should be made to pre-
vent r;currence of the evil arising from the operations
of gawblers and swindlers. This clef be done only by
breaking up the whole connect' on of them, and no in-
crease of the general derangement of the Money r,far-
ket is to be feared from the attempt, whereas every-
thine may be apprehended from a slurring over of the
affair .

HERALD—The Stock Market was taken aback
to-day by some chnsid,rable money sales of Reduced
Three per Cents. and C3nsol,. The sales were net
understood to be for speculative account, but some con-
...iderable portion of them at keit in consequence of a
(Louise, and the realisation of eff_iets to order of lega-
tees. These sales ia'eht amount in the whole to some
150,0001. In view of so large a mass of valqes so sud-
denly thrown on the market, it is surprising perhaps
that the effect on prices should be so inconsiderable as
not to exceed in fact a decline of per cent. from the
closing prices of lust el cning.
It may be mentione I now with some degree of cer-
tainty that Beaumont Smith. the clerk of the Exche-
quer Bit-office now in prison, is to be admitted as ap-
prover in the Exchequer fraud, and it is confidently
at tted that his evidence will implicate various parties,
of _high respectability even, not yet nansed and still at
large, but who, it is a3.erted, are to be tikea into cus-
tody for examination if not committal forthwith. This
extraordinary fraud, ar was believed from the first, will
prove therefore to have had much more extensive rami-
fications than superfie:aily there were indications of. It
is net necessary to go into more particulars for the pre-
scnt,or to allude to names which are freely spoken of
in connection with the nefarious transactions now
before the public. Ano:her day or two must make
considerable progress is bringing more of the business
to light.
In the meantime it would be improper to allude
to reports current in certain quarters of the City
touching the discovery of forged bills of exchange
to some extent being in circulation, of which, however,
no particular details were given, or would perhaps
transpire. Ai* -it is necessary to state, and it is indeed
a scatter of public notoriety, that commercial forgeries
have become of very frequent occurrence, and of almost
daily detection of late years, although the records of
Police Courts or of the O'd Bailey might be searched
in vain for evidence of the fact to the extent known to
exist, or of more than here and there an isolated and
occasional case. The reason of course is, that the
crime is compounded for between the parties, either by
payment or security in full of the forged bill, or such
proportion as by himself and friends the guilty party
may only be able is raise. These facts are stated, leav-
ing to others the investigation of the causes which lead
to such consequences.
SUN.—In the Stock Market this afternoon there was a
slight improvement, prices closing firmer than they
were in the morning. Consols for Money left off at
88i 4, and for the Account at 88t to S. Exchequer
Bills continued heavy, and left off at 7s. premium. The
other Stocks were much the same as in the morning.

No notice appeared at the Bank of England, as was
expacted in some quarters.
The Foreign Securities were heavy up to the close of
business, and in Railway Shares there was little doing.

SPORTING INTELLIGENCE.
TATTERSALL'S—YESTERDAY.
The only Derby bets laid yesterday were 12 to 1 agst
M. G. Clark's lot ; 100 to 1 agst colt out of Hatfield's
darn ; and 500 even between Nessus and Ballinkeel.

ROYAL ADELAIDE GALLERY.

FIRES OF LONDON.

Last evening we were one of a group of nearly one
thousand persons who heard with infinite pleasure a
lecture delivered by Mr. Abraham Booth, F.S.S., Pro-
fessor of Chemistry, upon combustion, spontaneous and
artificial. By artificial combustion wo mean, fire pro-
ducal by mechanical means, controllable, if cautious
measures were adopted. This seemed to us to be the
chief object of the lecture, and Mr. Booth was very suc-
cessful in his demonstrations illustrative of it. There
was some difficulty in obtaining for the lecture a proper
attention. His diagrams, hung round the gallery and
intended to illustrate his lecture, served to divert the at-
tention of the au:hence from the important subject which
he was endeavouring to explain to them. We can do
the public and the Lecturer no greater service than to
repeat as nearly as we can the words that fell from him.
Mr. Booth said that of all the calamities which afflicted
man in social life there were none so destructive, or
severely felt as those, of fire. Pestilence may
ravage our districts, and cur houses may be
assailed by the midnight depredator, but the
awful calamity of fire,,despoils human life, and ravages
our property with all its insidious uncertainty and
sud‘lenness. By improved modes of living, and availing
ourselves of all the aids of professional skill, we may
secure ourselves with some immunity from disease; and
increased vigilance in protection may defeat the plans of
the nocturnal marauder; but fire, regardless of all cau-
tious attempts at security, seems to set at defiance all
our endeavours. No class, neither sex nor age, are
exempt, for it ravages alike the mansions of the rich,
o
and despoils of his all the humbler abode of the tt ge
The last few years have been particularly rifeL cottager.
The these .
calamities. We have witnessed the destruction of -a.
senate house, in which the eloquence of our land stood
conspicuous ; the destruction of a Royal Exchange, the
centre of the commercial transactions of the globe ; of
en Armoury, containing munitions of war which have
led to conquest, and trophies rrsulting . from their
triumphs ; of warehouses abounding with property; of
of
fntl
commerce reciterc/i e
and in
centrehingrich
luxury ; and of Town-halls,
intercourse in tluir different localities-
, as well as theatres
of great and national interest.
Booth next analysed, in a very interesting man-
ner, the causes of all the tires in-Lendon for a period of
five years. These he resolved into controllable and un-
controllabb causes, the first .class embracing a very
large majority of the cases. The dia.grams,co_ntained a
large mass of statistical details, I;vhich ienoth will not
allow us to specify. Mr. Booths remarkson spon-
taneous combustion as the cause of fires,were par-
ticularly deserving of notice, as they elucidated the
origin of many fires, the causes of which were previously
unknown. We understand that this ingenious and
scientific gentleman has been examined before the Com-
mittee of the Board of Ordnance, sitting at the Tower,
on the question of the origin of the late fire. After the
Board retired, an unanimous opinion was expressed that
Mr. Booth had_clearly shown that the fire might have
originated from circumstances over which none of the
persons in attendance could have any control ; and that,
however strung might be the suspicion that there was
incendiarism, natural causes were sufficient to account
for the catastrophe.
The Infant Harpist afterwards delighted the crowded
assemblage with her surprising performances on the
harp. The powers of this inspired pupil of the Muses
have already been described in this paper.
The performances of Mr. Emanuel upon the piano,
and of Mr. Sedgwick upon the concertina, were very
warmly applauded. These gentlemen deserve more
especial notice than the subordinate part which they
take in the orchestra enables us to give them.
DAGUERREOTYPE.—The few days of clear wea-
ther with which we have been lately blessed, notwith-
standing the interposition of occasional fog, have_ enabled
N. Claudit to produce life like p9rtrults by the operation
of the rays of the sun alOne We have seen a likeness
stamped upon the plate with. all the force and truth of
se
real life in one , by means of M. Claudit's im-
proved process, eesennd the sun had hid himself behind a
thick veil of' nitrous and carbonic cloud, and seemed
ashamed to look uponhis own work.

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A correspondent of the Dover Chronicle states
tlilltrifteßtier‘Aiell has been very high in Romney
nbtv rastsd•siding, and that many farmers are
- itiria-fa\ reparation for seed time.
441111 r &lack) r Ross, Herefordshira, i\Tary
„, tot' ; MTh 1%-11 bedridden the last three or
,/
ft
..er
Possession of her faculties to
;
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- -
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