The Sun.
London, England, 1841-11-04 00:00:00

•
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"". • - .-77;"‘

?RICE 5d

that he has ceased to command in the division to Which
he belonged.
We had no foreign post to-day. Fives Active 261
tune to-day.
The Castellano of the 26th ult. contains the following
description of the.dinner given to the Halberdiers
Yesterday took place the banquet offered by the
Provincial Deputation and the Municipality to the Hal-
berdiers, who so valiantly defended the Palace on the
night of the 7th ult. Colonel Dulce occupied the seat of
honour, at his right was placed the Political Chief, and on
his left the Marquis de Valle Umbroso. Under each of
the napkins intended for the Colonel and his companions
was placed a printed paper containing an account of their
heroic exploits, and the cono-'ratulations of the Municipality
for the bravery displayed by them. The names of the
18 Halberdiers were inscribed in large letters, and placed
in a golden frame. The dinner was served splendidly,
and several patriotic toasts were proposed by the Politi-
cal Chief, the Marquis de Valle Umbroso, MM. Bero-
qui, Cortina, Crespi, and others. The band belonging
to the Halberdiers executed several select airs during
the entertainment. After dinner the entire company
repaired to the Theatre de la Cruz, where they were re-
ceived with salvos of applause, and on their departure
the people Of Madrid manifested by enthusiastic excla-
mations that they participated in the Mc given to the
brave, the heroic lialberdiers."

DUTCH, AND GERMAN PAPERS.
THE HAGUE, OCT. 31.—The Leyden Courant states
that last Tuesday night there was a very high tide,
which laid all the lower part of the town under water,
and did considerable damage.
his loyal Highness Duke Bernhard of Saxe Weimar,
Count Van lleerd, and other persons of distinction,
have been to the Loo to pay their respects to his Ma-
jesty King William Frederick Count of Nassau.
THE ICAGtmi Nov. I.—" I hear from the Loo that all
is so quiet there that if it were not known that the Count
and Countess of Nassau were still at the Palace it might
be imagined that"they had long since left it. The Mi-
nister of Finance has been with King William Frederick,
as has already been stated. Now, M. Schiefhan, a no-
tary, with some clerks, has gone from that town to
Loo, and has stopped there two days, doubtless to draw
up some testamentary depositions,
" At the Loo it is believed that now that these gentle-
men, and also M. Bonet, Councillor of State, and M. de
Rapes have been with his Majesty, he will shortly re-
turn to Berlin. It is worthy of notice, that besides the
above-named persons, who evidently went to Lou on
business, no others have come to visit his Majesty, not
even one of his Majesty's great friends, who owe so
much to the Court, and who might have been expected
to wait on King William Frederick. This death-like
stillness at the Loo, together with constant winds and
rain, which we have had for three weeks here, made this
usual summer residence extremely gloomy and desolate."
DUTCH FUNDs.—Amslienaltl, Nov. I.
Money. Bills.
Actual Debt, `2% per Cent
Ditto, ditto 5 per cent.
Amort Syndic, 4% per cent 90% 9154
Ditto, date, 31% per cent 75% 70
Commercial Company, 4 per cent 1541 154%
Ditto (1535 and 1037) 5 per cent.
Loan 1837, 5 per cent. 97 97%
Exchange on London, One month l2 10
Two months ......
Hamburgh, One month 35 81 q
Two months
Dutch Papers, Nov. 2.
BELGIAN U NM—Manual.* , Nor. 2.
Actual Debt, 2% per Cent.
Rothschild's Loan, 5 per Cant lOl
Loan of Thirty Millions, 4 per Cent
3per Cent —
7154
.(140) lOl%
Loan of City, 1V32, 4 per Cent................, , 03
Society of Commerce, 4 %per Cent 93 •
Bank of Belgium, 5 per
National Ssciety
Exchange on London (she' t)
—Brussas Papers, Nov. 2.
AUSTRIAN FUNDS.—VIENNA, OCT. 23
Five per CoPts. Metalliques
Four per Cents. ......
Three par Cents.
Bank Charts
—6:l42erneifze Zeilung, Oct. A.

Thirty.seven.

MONEY MARKET and CITY NEWS

FROM TIRE MORNING PAMIRS OF THIS DAT.
TIMES.—The mere business between the monied
interest and the Treasury seems to-day to be going on
more steadily than at first. Several of the city bank-
ing-houses, which sent up the %%hole of their Exchequer
bills on Monday, are now getting them back again in
very large amounts. The arrear of business would
seem to be very great indeed, since out of 160 appli-
cations it is said that only 30 are disposed of. Yet, as
these early numbers only consist of banking accounts,
which unite an immense number of individual amounts,
more progress may have been made than would have
appeared.
A private notice is said to have come down to the
Bank from the Treasury, giving the names of several
parties who have paid in bills for the funding, together
with the numbers of the bills, and these parties have had
notice from the Bank to replace them or bring in valid
bills. It seems, as the public have all along been in-
clined to believe, that Lord Monteagle is not only the
cause of the original confusion, but does not very cor-
dially assist the Treasury in making the matter right,
so that all the trouble is thrown upon the Chancellor
of the Exchequer, and while, as will presently be shown,
the latter is stating the bills to be "forgeries," Lord
Monteagle does not declare any such thing.
A letter, which has been received to day by a gentle-
man in the city from the Treasury, throws some light
on the course which will ho adopted towards the holders
of Exchequer bills. In this letter it is expressly stated
that the Government will not part with the " forged"
bills, but in case of an action will cause them to be pro-
duced on application to the proper officers. This let-
ter shows two things—namely, first, that the Govern-
ment are determined not to leave their unpopular posi-
tion of impounding the bills, in spite of the very strong
manner in which several holders have expressed them-
selves as to the impropriety of their conduct, and the
great chance there is of a heavy demand for specie next
March, in consequence of the depreciation of the secu-
rity which they have occasioned ; and secondly, it shows
that that they actually consider the bills as " forgeries."
When the expression occurred in the first printed notice,
it was not so important ; it might have been used
merely as a designation of the transaction, but now,
when so much has been said on the exact position in
which the holders stand, the repetition of the word is
important. The circumstances connected with the let-
ter increase its value, for the party who received it had
previously warned the Chancellor of the Exchequer,
that if his bills were impounded, he would take care
that certain other spurious bills should not reach the
Treasury, but that he would instrakite legal proceedings
against the parties from whom he had received them,
and subpwna the Government officers as witnesses.
The answer was, that the Government would act ac-
cording to legal advice, and the result of the matter
was the letter in question. All this proves that a full
knowledge of consequences was insufficient to prevent
the Government from adhering to their determination.
It is rather singular that amidst all the discussion to
which this affair of the spurious Exchequer bills has
given rise, no notice has been taken of the influence
which, beyond all doubt, they must have had upon the
current transactions of the Money Market, and upon
the value of money itself. Yet this is a very impor-
tant and curious feature of the question. It is a known
fact among the higher monetary circles, that the ex-
cessive rates of interest not only paid, but voluntarily
offered, by the persons who wished to borrow money on
Exchequer bills, gave a fictitious value to money, which
caused a great deal of misunderstanding and ill-feeling
among capitalists, especially those residing in the coun-
try, and who therefore were less able to ascertai❑ the
real state of the case. These, hearing that money had
been advanced on such an unexceptionablesecurity as
Exchequer bills—a security which has generally ob-
tained the lowest rate of interest—and that as much as
6 or 7 per cent. bad been paid for it, were naturally
dissatisfied when they were offered only 3 or 4 per cent.,
and were less disposed to give accommodation on mer•
cantile paper. A city discount•house of the highest
eminence received no less than fifty letters within the
last six weeks, containing complaints that the money of
the writers was not put out at a higher rate, though there
is no doubt that it was employed to its full legitimate
value. Thus has this unfortunate affair not only caused
the greatest embarrassment to Government, and the
greatest confusion among all parties connected with the
Exchequer bill market, but the general Money Market,
and the value of commercial paper, has had its share of
the influence, and is mixed up in the embarrassment.
It was mentioned currently on 'Change to-day, that
the party out of the office who has chiefly been pointed
at as connected with this fraud, has been taken to-day
before a police magistrate.
The premium on gold at Paris is 7 per mille, which,
at the English Mint price of 31. 7s. lOid. per ounce
for standard "old, gives an exchange of '25 32, and the
exchange at Paris on London at short being 25 40, it
follows that gold is 0.3'2 per cent. dearer in London
than in Paris.
By advices from Hamburgh the price o g
per mark, which, at the English Mint price • ofn
31. 17s. 101fd. per since for standard gold, give
on
exchange of 13 6i, and the exchange at Ii amp h
London at short being 13 7i-, it follows that gicl.duirf 0.47
per cent. dearer in London than in llaluorif
London is
The course of exchange at New
110 nor cent., and the par of exchanlg'oer
Eng-
land and America being 109
Per cent. in favour of
fol-
lows that the exchange is 0.43 p
ewmu\s'tobrke
23•~Oths pebretewencet.n, itE
England. But the quoted z,,,,chtahneg
being for bills at 60 days' sight,
added to the above difference. s
eintaetreNst
improved
chases on account
They now present a very
The increased
of demand
ch afnocre
ays
ftuorctithse,r vv ith pur-
fi them
aEnndglsi
(Fromtsahb feu
anasdpse ct
to. da3
Correspondent of the Times.)
Since Saturday last nothing further of any Import-