The Sun.
London, England, 1841-11-27 00:00:00

EVENING SUN

DIONEY MARKET and CITY NEWS

FROM THE MORNING PAPERS OF THIS DAY.
CHRONICLE.—The Bank parlour has been
throwing out a feeler to try the pulse of the dis-
count houses in Lombard-street, which tends to
strengthen the surmises that the Finance Commis-
sion is connected with the diplomacy of Thread-
needle-street. If the local issues were suppressed,
and a monopoly established of Bank of England
paper, as a consideration for the collection of the
public revenue by Bank officers, a profitable
source of the trade of these houses would be with-
drawn. At present the private banks, whoreceive
part of the revenue, send it to their London
larokers, who lend it out at a profit for short
periods, according to the current rate of interest.
If the whole of the public revenue be transferred
to the Bank of England, this traffic would be
stopped, and the money brokers would become
the mere agents and stipendiaries of the Bank
Directors. lt is not very likely, therefore, that
the scheme of the Bank parlour will meet with
much favour amongst these parties, who have a
considerable sway in the Money Market.
POST.—The second notice issued yesterday
by the Bank of England, requiring that par-
ties applying there for temporary accommoda-
tion on the deposit of Exchequer bills, India
bonds, and bills of exchange, should accompany
their applications with a promissory note for the
amount, has given rise to some discussion among
bill brokers, capitalists, and others; and by some
of the number there seems to be a disposition to
find fault with the arrangement as an innovation
calculated to give needless trouble. We do not
suppose that the Bank authorities have resorted
to the measure as one intended for an inquisitorial
purpose, although tile accumulation of the pro-
missory notes of a single name or firm is certainly
not to be considered otherwise than as a guide to the
extent of assistance which it may be expedient
to afford to particular parties. The object of the
Directors appears to be rather that of establish-
ing more decidedly their right than the mere
possession of Exchequer bills or India bonds
affords them to proceed, in case of the non-per-
formance by borrowers of the stipulations con-
tained in the ordinary notices, to the realisation
of such securities in the -market without the pre-
vious sanction of a jury. They do not now, .for
tit* first time, call for the collateral guarantee of
a promissory note in the case of bills of ex-
change. It we arc correctly informed, an addi-
tional instrument of this kind has been always
required and given, and the propriety of making
the condition uniform seems to have been for
some time felt by the Board.
Under the old system Exchequer bills or
India bonds might lie for an indefinite period
unredeemed, and nothing would be generally
known of the want of punctuality on the part pi
the house pledging them, but more cauti--. will
no be necessary, as, in the ev,6 of non-
redemption of the securitii— payment of the
Hesitation in announcing
Reefiltet Pfitia; The information of the
public.
It is rumoured that the funds arising out of
the negotiation of the Exchequer counterfeits
have been traced to the Bank of France, where
they are held in deposit, and it is added that a
messenger has been sent over to Paris to attach
it in the hands or the Bank. It is further
stated that Government having a clue to the
agent here employed in the transmission of the
property, still other measures have been taken
for its recovery.
The Secretary of the' Board of Stamps and
Taxes requests us to give insertion to the follow-
ing letter from the solicitor of that department of
the public revenue :
FORGERY OF POSTAGE STAMPS.
TO THE EDITOR. OF TAI} MORNING POST.
SIR—In the City article in your paper of this day I
find it stated that the law does not comprehend the imi-
tation, by means of the electrotype, of embossed stamps,
such as the Post-office labels, as an offence coming
within the Acts passed for the prevention of forgery.
Feeling assured that you would deeply regret that any
of your readers should be misled by your remark, and
be induced to attempt the experiment suggested, under
the erroneous notion that it may be practised with im-
punity, I beg to refer you to the 22d section of the New
Postage Act, 3 and 4 Vict., cap. 96, where you will
find that any person who shall by any means whatever
imitate a postage-stamp, or who shall knowingly have
in his possession a counterfeit stamp or impression re-
sembling or representing, either wholly or in part, or
intended or liable to pass or be mistaken for' a genuine
postage stamp, will render himself liable to be trans-
ported for life. I beg also to add that there are in other
Acts of Parliament similar enactments; applicable to
every other description of stamps issued by this depart-
ment.—l am, Sir, your most obedient servant,
J. TIMM, Solicitor for Stamps and Taxes.
Stamps and Taxes, Somerset-House, Nov. 26, 1841.
SUN.—There was rather less business doing in the funds
to-day, and prices though steady for the Government'
Stocks were flat for the unfunded debt. Consols
for immediate transfer brought 89* to 891, and 89i to -4-
for Account. Exchequer Bills were at Bs. to 10s. pre-
mium, both for the large and small. Bank Stock was
lower, viz., 164, and India Stock was not higher than
248. India Bonds were Is. discount to Is. premium.
The New Three-and a-llalf per Cents. brought 99 to
991, and Three per Cents. 88 to 4.
For the Foreign Bonds, notwithstanding the advance
which continues in Spanish Stock abroad, there has been
a less buoyant market here, and the rise has tempted
some of the speculators to realize profits. The Active
Spanish Bonds to-day were quoted 23i to 23, and the
Passive 5i to 5. 3 Portuguese New Five per Cents. fluc-
tuated from 32 to .321' and the Three per Cents. were
dull at 19i. Mexican Bonds were 2.511, and Brazilian
571 to 584. French Five per Cents: Were a shade lower,
viz., 115 f. 75c., but Dutch Five per Cents. improved to
99; and 99g.
The Railway Shares were not very animated. Great
Western were at 14-8- to 15 ; the New, 64 to 7:3,- ; Bir-
mingham Quarter at 161- ; and York and North Mid-
land, New, at 14-i premium. South Western Shares
were not quite so good, being 18i to 1i e premium.
Brighton were 13-i to ; and Birmingham and Glou-
cester 4,4- discount. Australasia Bank Shares were 11
to 12, and London and Westminster la premium.
There was no alteration in the rates of the Foreign
Exchanges this afternoon. Bills on Paris were taken at
25f. 721 c. to 77,1. e. ; on Antwerp at 12 4 ; on Frankfort
at 150 ; on Hamburgh at 13 10 to ;on Amsterdam at
12 4'4-1 to 5 ; and on Trieste at 9 51 to 53.

---
UNIVERSITY INTELLIGENCE.
OXFORD, Nov. 25.—This day a congregation was
holden for granting degrees, &c., when the following
were conferred :
DOCTOR IN MEDICINE.—W. A. Greenhill, Trinity
College.
MASTERS OF ARTS.—Rev. T. B. Croome, Trinity Col-
lege ; W. Powell, Exeter College.
BACHELORS OF ARTS.—C. E. Prichard, Balliol Col
lege ; H. Fort, Balliol College ; C. Beswick, St. John's
College ; J. Addams, St. John's College ; J. G. Brine,
St. John's College • L. C. Wood, Jesus College ; J.
Forbes, Exeter College ; B. Belcher, Wadham College;
S. B. Harper, New Inn hall ; P. S. Ashworth, St. Al-
ban's Hall ; C.l). Hamilton, St. Mary's Hall ; E. Ellis,
St. Mary's hall ; NI. Martin, St. Edmund's Hall ;C.
cripps, Magdalen Hall.
'ihe contest for the two vacant scholarships at Balliol
College terminated yesterday in favour of Mr. Oliver
Walford, commoner, of Balliol College, and late of Char-
terhouse School, and Mr. Edwin Palmer, now senior
scholar on the foundation of Charterhouse School.
There were twenty-eight candidates. Besides these,
five other scholarships, open to free competition at dif-
ferent Colleges in this University (Trinity, Merton,
Wadham, and Queen's), have been carried off within the
last eighteen months by Carthusian.

.
ORDINATION.
:..... g
At a general ordination, held on Sunday w
14th inst., at the Chapel, Bromley, the followinee gen-
tlemen were admitted into holy orders
PRIESTS.—The Rev. C. W. I.lolbeek,B.A , Balliol
Col-
lege, Oxford ; Rev. H. J. Marshall, RA , lliol Col-
allege, Oxford ; Rev. W. Pearson, 8.A., .ExPee.me broke
Col-
lege,' ; Rev. C. A. Rowe 8.A., pembrAer Col-
. Rowe
- Rev. W. L. Wigan, 8.A., Christ Churoelh-
College, Oxford ; Rev. F. A. Baines, 8.A., Christ's Col-
lege, Cambridge ; Rev. J. Hutchinson, 8.A., St. John's
allego, Cambridge.
DEACONS.—T. Wodehouse. 8.A., Balliol College, Ox-
ford ; C. Smart Coffin, 8.A., Gonvil and Calms College
Cambridge ; S. Doria, 8.A., St. John's College, Cam-
bridge ; J. Mason, 8.A., Emmanuel College, Cambridge

THE GREAT SACRIFICE OF INFANT
.LIFE
BY FIRE.—At an inquest held on Thursday evening be-
fore Mr. Higgs, on the body of a child burnt to death,
that functionary said that the present inquest ma de
fifth he had held within the last eleven days on childrenthe
who had met their deaths in a similar manner. It was
most painful to contemplate such a sacrifice of human
life. The only remedy for it was, in his opinion, the
fire-guard, which every person having children ought to
possess. The cost of such an article was trifling. In all
cases of a similar nature held before Mr. Wakley, that gen-
tleman always addresses the parents in a most feeling man-
ner on the utility of having, not only fire-guards, but
high fenders, so as to prevent children from standing on
the edge of those articles, to reach on the mantel-shelf,
which, in his opinion (so many things being generally
placed upon it), was a temptation to the child to try
and get them oft: Mr. Baker, who, in consequence of
the crowded district over which he presides, has a great
number of such cases, impresses on the jury and wit-
nesses the great good that would result from a sta-
tute being passed to the effect of awarding punish-
ment to the parents or parties left in charge of chil-
dren whose death was caused by burning. He also
speaks of the necessity of having fire-guards. The City
Coroner, Mr. Payne, always advises the use of fire-
guards, and in many instances the jury, over which he
presides, presents to the mother of the child burned
money to procure a guard as a ireventive of similar
accidents to her other children.
DEATH OF:AN OLD MISER AT WIGAN.—
On Wednesday se'nnight, numerous reports were in cir-
culation, in Scholes, that Miss Mary lAspull, aged 89,
had died that morning, and that, on searching the house,
bags of money and notes had been found to a large
amount, which was at first computed at 10,000/.
Some of the parties interested in bringing the hidden
treasure to light were engaged throughout the day in
counting the money.