The Sun.
London, England, 1847-10-25 00:00:00

MONDAY EVEN ING, OCTOBER 25, 1847.

of reminding both the dynasty and the people of
France of the compact of 1830. It says—

" We read in the Moniteur Parisien that the Na-
tional was seized on Thursday at the Post-office and
at the printing-house. Nothing is more true, and
we must admit the accuracy of the above statement.
We could have wished, however, that the journal
abovenamed had carried its civility further. It would
have been agreeable to us to learn the cause of our
seizure, for we declare on our conscience that we
neither know nor can we guess the cause. We vainly
analysed our entire number to discover what remnant
of a phrase, what ill-sounding word, could explain
the susceptibility of the law officers. We vainly
examined through the magnifying-glass with which
the Attorney-General reads the National, still the
cause has escaped us, and we are reduced to the ne-
cessity of soliciting as a favour that the law officers
would acquaint us of the crime we have committed. It
is the more urgent to do so, as our ignorance
exposes us to repeat the fault which caused
a visit from the Commissary of Police. But
an idea occurs to us. Under the Spanish In-
quisition prisoners were obliged to make an exa-
mination of their past conduct, and to demand the
secret of the severity practised by the Holy office. It
was thus, on their own confession, they were con-
demned. Does M. Delangle, the Attorney-General,
and inheritor of those sacred traditions, mean to
force us to a public confession ? If so, our examina-
tion of conscience shall be shortly concluded ; and
there is no occasion for torture to unseal our lips.
The Government, moreover, knows us. Well-
convinced partisans of the principle of the sovereignty
of the people, we acknowledge no legitimate power
but that which derives its right to direct society from
that source. The existing Government has no other
foundation ; and, if, denying its origin, it would es-
tablish its basis without the limits f that funda-
mental principle, in that case the nttion, released
' from every engagement, would resume the full ex-
ercise of its sovereignty. We go further, and we
affirm that the law always remaining independent of
the fact, nothing should prevent France from modify-
ing her institutions, if such seas her will. As ling as
a constitutional monarchy shall be sufficient for the
wants of our society, it shall be maintained ; but
if the majority of citizens believed it neces-
sary or useful to the general interest to substi-
tute for it the democratic regime, for example,
Royalty would have completely finished its task ;
and if, notwithstanding, it endeavoured to prolong its
existence, it would be the Government which would
be in revolt against the universal wish of the nation.
Have we been seized for having professed those un-
deniable truths? If so, the law officers ought to
have begun by tearing the Charter, and even that
would not be sufficient, the events of 'B9 and 1830
should be effaced from our recollection. But, per-
haps, though innocent in the domain of theory, we
are culpable in practice. Of that we willingly admit
that we are guilty. Yes, we bitterly deplore that the
Government has cast the country into a course full of
danger and misfortune. Corruption at home, revo-
lutionary reaction abroad, afflict and irritate us. Is
this complaint a crime ? France, when establishing
a new dynasty on the throne, did not, as far as we
are aware, renounce the natural development of her
destinies. The revolution of July was not accom-
plished for the exclusive advantage of a family—at
least we believe so. But when we see the Govern-
ment, in place of marching in the road of progress,
incessantly receding—when every day aristocratic
tendencies are more and more manifested in complete
disaccord with the desires and with the interests of the
country, have we not a right to assert that the nation
has been disappointed in its hopes ? and it is imputed
to us as a crime that we point out the cause of its
error. Some persons on our side imagine that a
remedy for those evils may be found in electoral
reform. Did we ever deny the efficaciousness of
those means ? Did we refuse that pacific solution ?
Not the least in the world. The experience of the
past, however, inclines us to doubt that the Govern-
ment will ever consent to it. That opinion may
offend them, but it cannot constitute a crime. But
to what purpose would it be to carry this discussion
further ? Though we have been seized, it is not that
we were more culpable in the eyes of the Government
yesterday than the preceding days. Our crime
arises from our independence. That which the Go-
vernment prosecutes in us is the public voice, which
will not permit it to demoralise the country, ever on
the watch to defend the principles of authority and of
liberty equally compromised. The Government has
forgotten but one matter—between its dream of re-
venge and the reality—between the seizure of the
National and its conviction, there is the jury. It
is to it we submit with confidence the care of pro-
nouncing between us."
The controversy on the affairs'of Switzerland be-
tween the Constitutionnel and the Daats is continued
The former is cool and logical, the latter angry and
abusive. The Constitutionnel of Friday thus argues
the question :
"Switzerland is a federal state; the cantons pre-
- •c tale - n :rt
given up to the Diet. That is the character of all
federal connexion. Now, the question lies in the
limit between these two parts of sovereignty. What
determines that limit ? The federal compact. What
interprets the federal compact in doubtful cases—the
majority of the cantons or the minority? The
Debats must reply clearly to that question, which we
will not permit it to elude. Forced to the wall, it
endeavours to slip away from the business by saying
all majorities may commit mistakes; the majority of
the Diet may violate the compact, and attribute to
itself too great a share of sovereignty ; therefore it
violates at present the compact in the affair of the
Jesuits; and therefore the little cantons have a right
to resist by force. That is precisely the hypothesis
and sophistry of the insurgents. All majorities, say
they, may make mistakes, public powers may
violate the charter, the parliamentary majority may
render itself accomplice of the Government in an
abrogation of the liberties of the citizens, therefore
we decide that at this very time, in such or such
a case, this violation of the charter is a certain
fact ; therefore we have a right to take our muskets,
and proceed to the market-place. Charter or federal
pact, Diet or Parliament, citizens or states having
part in the constitutional sovereignty, the question is
ethelepgoailnittY is spoken of. Who shall
s in dispute ?—the majority of
regularly represented, or the minority?
legallyt he s amdeecwi
dh when
the nation
We must always return to that point. We hold the
Ministerial journal to be an accomplice of all disorder,
and of all propagandism, according to the doctrine of
its own words on moral complicity, as long as it shall
not have
plt,' ied clearly to that question so clearly
stated. exclaims the Debats, in its extreme
T Bu
e
embarrassment, affirm that the Diet is wrong, and
that the Jesuit affair is not a federal matter: Truly,
you affirm it ? You act in consequence, and you send
arms like smugglers ! And by what right do you act
dtheuciss
ions of yourSpeakl Is the Swiss compact subject to the
caprice ? Prince Louis was named
a citizen of Thurgau—that displeased you, and you
cried out, ' The affair is a federal one !' The Jesuits
were called to Lucerne to reign there, that is, to
govern, for two years out of six, all Switzerland,
and you exclaim, ' The affair is not a federal one ?'
Answer, then, if you can, to this simple comparison
which we have made of your conduct on the two oc-
casions. In every way you are reduced to equivoca-
tion or silence. One of two things, one, in fact, must
exist ; either the Swiss constitution has clearly divided
the sovereignty between the Diet and the cantons,
and traced out the legal course to be adopted in order
to terminate pacifically all conflicts of authority, or
that constitution, incomplete and obscure, does not
leave between the majority and minority, for the so-
lution of questions in dispute, any other arbiter than
brute force. In the first case the legal course can only
be the definitive decision of the majority of the states,
regularly represented, since the contrary would be
absurd, and in that case you are obliged to admit that
the insurgent minority is factious, culpable, and in
rebellion against the constitution and the law. In the
second case, the evil must be in the constitution itself,
and if so, we call on you to support the representa-
tions of those who demand the revision of the compact,
alike odious, barbarous and sanguinary, since it inevi-
tably throws the Swiss nation on the first internal
difficulty into the frightful extremities of civil war.
There is no medium between these two conclusions--
take your choice."
The Debate is so hard pressed by the arguments
of the Constitutionnel, that, like Sharp in the farce, it
can " only swear and
call !lames." Contrast with
the cool, logical, and argumentative style of the
Constitutionnel the following furious tirade of the
Debats

" In Switzerland, as everywhere else, and more
perhaps in Switzerland than elsewhere, the Radical
party is the enemy of liberty as it is of society.
When liberty embarrasses it, it tramples it under
toot. What it cannot bear is that there are cantons
which escape its tyranny. It will be master arid
master without dispute—that is the secret of this
abominable war. Little matters it to cause blood to
flow, to ruin Switzerland, to drive from that for-
merly hospitable land the foreigners who enrich it;
all must cede, all must bend beneath the yoke of
this Radical party, itself only an anarchical composi-
tion of the worst shades of revolutionary opinion.
Under the empire of Radicalism, once solidly esta-
blished, Switzerland would become the asylum of
conspirators of every kind,, the head-quarters of the
most dangerous plots against civilization. Com-
munism would there establish the centre of its opera-
tions. Look at the warmth with which the cause of
the Swiss Radicals is espoused by our own Radicals!
With what sympathies an odious, unjustifiable
war, directed against free men, inspires our
pretended friends of liberty ! The Pact—they
i
adore it, now that the Pact is n the
hands of those who have so often violated
it ! Insurrection—they have it in great horror

now that they consider the non-Radical democrats
of Uri and Unterwald as insurgents ! They enu-
merate with a sanguinary pleasure the number of
cannons which Radicalism possesses for crushing
and burning down Friburg and Lucerne, those cities
which dare to defend their rights against the corps
francs, transformed into federal battalions. But it
is because France is the old and faithful ally of
Switzerland, that she will only see with horror this
violence of Radicalism, and this monstrous war
directed against the independence •f the purest and
most honest part of the Helvetic republic. Radicalism
is only a faction. Even in the cantons in which it
reigns it is a burden to the population. It smothers
the voice of the people ; it dominates over the autho-
rities; and its tyranny will fall a little sooner or a
little later, for Switzerland will not allow itself for
ever to be oppressed by some kings of a club. The
most righteous cause, the cause of true liberty, will
triumph after trials more or less long, and simple
foresight would make it a duty to us not to attach
ourselves to the Radicals. Radicalism will perish,
and Switzerland will become herself. In the mean-
while open your eyes, profit by the lesson, you to
whom is daily vaunted the mildness of the purely
democratic system Only one country in Europe is
delivered up to bloody agitation, and furiously pre-
cipitates itself into civil war, and that country is a
republic conducted by Radicals !"
Well may the Consitutionnel declare that in its fury
against Liberalism the Debats has lost sight of
reason.

The Courrier Francais says, that should the Diet
attack the Sonderbund, M. Bois LE COMTE has been
ordered to present a protest to the Vorort, to quit
Switzerland immediately and return to France.
Similar instructions were forwarded by M. DE MET..
TERNICH to Baron DE KAISEESFELD, Minister of
Austria in Switzerland.

It is said that an expedition to Madagascar is in
preparation, the object of which is to dethrone the
QUEEN, and to place her son on the throne.
The Presse of Saturday has an article on the finan-
cial crisis in England, and contends that it will be
impossible to make any change in the Bill of 1844
without the consent of the Bank directors, inasmuch
as that Bill constitutes a formal contract between the
State and a public company, which places it beyond
the reach of any amendment. The article concludes
as follows :

"It follows clearly, from these explanations, that
the right of revising the Bill of 1844 has been alien-
ated tor 10 years, and that the legislative powers
cannot exercise such a right until after that period.
After that interval it resumes its entire force. In
matters of contract, we repeat, the legislative powers
are rigorously limited. It is not allowed to invoke
exceptional circumstances in order to justify the re-
consideration of an Act of Parliament. The engage-
ments must be strictly executed in the terms in which
they are inscribed and accepted by all parties. The
Bill of 1844 is, therefore, not like ordinary Acts of
Parliament, which may be modified from year to
year according as experience may demonstrate the
necessity of such changes. It has a perfectly special
character, which must not be lost sight of, when the
chances of a revision more or less proximate are dis-
cussed. We are convinced, for our own part, that a
revision is not possible, unless the proprietors of the
Bank place themselves in accord with the Govern-
ment, and it is not perhaps so easy to accomplish such
an accord as it is supposed. The English journals,
which exclaim so loudly against the Cabinet at this
moment, appear to us not to take a sufficiently accu-
rate view of the difficulties against which it has had
to contend in that respect."
The same journal says—" There is a generally
accredited rumour that the Bank of France is to take
a considerable interest in the approaching loan. There
is reason to believe that this decision will lead to
another—to solicit the Government to authorise the
Bank to augment its social capital, which, though it
was at first, in 1806, 90 millions, has since been re-
duced to 68 millions. Since 90 millions were deemed
necessary at a period when business was far from
having reached the extent to which it has at present
attained, it is evident that the 68 millions are in-
sufficient."

His Royal Highness the Prince DE JOIN VILLE left
the Island of Hyeres on the 17th, in the steam-sloop
Titan, bound, it is believed, for Civita 'Vecchia.
The Gazette du Languedoc asserts positively that
the denial made by the Moniteur of a subscription
having been opened at Nismes for M. TESTE was
false ; and it adds, that the subscription, which it
says was closed some days ago, has amounted to
90,000 f.
Isle of Bourbon journals of the 18th August have
been received. The Colonial Council had just brought
its session of eight months to a close. The session
had been several Liiiitm iuLVlaul,teu, urva..6
possibility of forming a majority for the nomination
of delegates to the metropolitan Government.
The Three per Cents. closed on the Paris Blurse
on Saturday at 75f. 35c. ; the Five per Cents.,
1141. 75c.; the Orleans Railroad Shares, 1,156 f.
25c.; Rouen, 900 f.; Havre, 512 f. 50c.; Great Nor-
thern, 526 f. 25c.; Avignon, 5211. 25c. ; Vierzon,
533 f. 75c.; Bordeaux, 4531. 75e. ; Troyes and
Montereau, 235 f. ; Dieppe, 2451. ; Basle, 150 f. ;
Paris and Strasburg, 390 f.; Tours and Nantes, 370 f. ;
Paris and Lyons, 382 f. 50c. ; Lyons and Avignon,
473 f. 75c. ; Spanish Three per Cents. 28k.
MARSEILLES, OCT. 19.--Marseilles and Avignon,
520 f.; Northern, 523 f. 75e.

LYONS, OCT. 21.—Paris and Rouen, 898 f. 75c.;
Avignon and Marseilles, 516 f. 25c. ; Vierzon, 530 f. ;
Northern, 522 f. 50c.; Paris and Lyons, 378 f. 75c. ;
Orleans, 1,151 f. 25c.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, OcroßEft 23.

Boulogne and Amiens, 13'4—Dutch Rhenish, 21/2—Lux.
embourg, lA—Northern of France, 105,6—Orleans and Dor
deaux, 3%7—Paris and Lyons, 476—Paris and Rouen, 3314.

NEW MUSIC.

A VOCAL ALBUM; Words by various Authors,
Music by Charles Goodban. Novello.
We have been much gratified by the perusal of this
work, which consists of four songs, two duets, and a
trio. To our taste, the gem of the volume is " Fake
Daffodils"—Herrick's exquisite words, set in the
Jacksonian canzonet style, flowing and graceful in its
melody, clever in the modulations and arrangement,
and producing a charming effect when sung by two
equal voices. The words of the trio are from Ben
Jonson, commencing " Slow, slow, fresh fount," com-
posed in the old glee style, for two trebles and a bass
voice, and will certainly please. Of the songs, we
best like " The Blind Girl's Hope" and "The Willow
Bower," and although Mr. Goodban's melodies may
not always possess striking originality, they are, at
least, appropriate, and we are persuaded that this pub-
lication will do much to enhance his reputation as a
musician of talent, taste, and feeling.

SUSPENSION OF THE NORTH
AND SOUTH WALES BANK.

LIVERPOOL, MONDAY ISIonNING.—We have re-
ceived a letter from our Liverpool correspondent,
informing us that the Albion of this morning formally
announces the suspension of the North and South
Wales Bank in Liverpool.
Our correspondent adds, that " to the recent cir-
culation in the metropolitan journals and commercial
circles of unfounded reports in regard to the position
of the bank is to be traced the origin of this new
disaster ; the alarm generated among the depositors
having led to a simultaneous run on Saturday upon
the branch establishments in the Principality."—
Times.

IMPORTANT POST-.OIITICE NOTICE.—(THIS DAY
—" General Post-office, London.—The Postmaster-
General of the United States having given notice for
determining an agreement under which the correspon-
dence between Great Britain and Canada has been con-
veyed in closed mails through the territories of the
United States, as well as all other agreements subsisting
between the Post-offices of the two countries, the mails
to and from Canada will be landed and embarked at
Halifax, Nova Scotia, instead of Boston. All letters and
newspapers therefore addressed to Canada will in future
be forwarded by the way of Halifax, unless specially
directed to be sent by some other route, and as the ar-
rangement under which the United States postage has
hitherto been collected in Canada, is also suspended by
the notice alluded to, all letters for Canada which the
writers desire to have forwarded by way of the United
States should be addressed to the care of parties in the
United States, or they will be detained for the postage
due for the transit through the American territories.
The charge on letters will be the same as at present, and
newspapers free. In August the American charge on
newspapers was increased to double the old charge."
Baron Rothschild, M.P., had an interview with
Lord John Rur.sell on Saturday, after the reception by
his Lordship of the deputation of city bankers.
The Earl and Countess of Leicester have been en-
tertaining, at Holkham, the Prince Sapieha, Prince
Czartoriski, the Counts Zamoiski, Viscount rg,
Hon. Colonel Keppel, M.P., Hon. and Rev. Th Buomas
Keppel, Hon. Jacob and Frank Astley, and Bradfield,
Esq.
The lion. Captain Gore, R.N., is appointed Charge
d'Affaires and Consul-General at Monte Videu, in room
of Mr. Turner, who has retired on his pension.
The l'uchess of Savoy, wife of the Prince Royal of
Sardinia, was safely delivered of a daughter at Turin,
on the 16th.

_
THE CARLTON CLTJB-HOUSE.—The exterior of a
portion of it is finished, and looks very well. The con
trast of the polished granite columns with the light stone
of the rest of the building being unusual amongst us,
the opinion of the majority is adverse as to its good effect.
—Ruilder.

DEPUTA.TIOIN
OF
BANKERS TO LORD

JOHN RUSSELL.

(THIS DAY.)

THE BANK EMPOWERED TO EXTEND
ITS ISSUES.

On Saturday a deputation from the bankers of the
city of London, consisting of Mr. Masterman, M.P.,
Mr. Abel Smith, M.P., Mr. Glyn, Mr. Bevan,
Mr. Barnett, and others, waited upon Lord
John Russell, at his official residence in Downing-
street, to represent the present state of the
money market, and to endeavour to induce him to
grant relief by the suspension of the Bank Charter
Act. His Lordship consented to lay their repre-
sentations before the Cabinet Council, then about to
assemble, and to give his reply this day.
At one o'clock this day Mr. Masterman waited,
on the part of the deputation, upon the Premier, to
receive his reply.

From the annexed letter it will be seen that
the directors are merely recommended to extend
their discounts at a minimum rate of eight per
cent. ; that the profits thereof are to be carried to
the public account in a manner hereafter to be spe-
cified, and that an Act of Indemnity is to be introduced
for the temporary departure from the terms of the
Act of 1844.

Downing-street, October 25, 1847.

Gentlemen,—Her Majesty's Government have seen
with the deepest regret the pressure which has ex-
isted for some weeks upon the commercial interests
of the country, and that this pressure has been
aggravated by a want of that confidence which is
necessary for carrying on the ordinary dealings of
trade.

They have been in hopes that the check given to
transactions of a speculative character, the transfer
of capital from other countries, the influx of bullion,
and the feeling which a knowledge of these circum-
stances might have been expected to produce, would
have removed the prevailing distrust.
They were encouraged in this expectation by the
speedy cessation of a similar state of feeling in the
month of April last.
These hopes have, however, been disappointed, and
her Majesty's Government have come to the conclu-
sion that the time has arrived when they ought to
attempt, by some extraordinary and temporary mea-
sure, to restore confidence to the mercantile and

manufacturing community.
For this purpose they recommend to the Di-
rectors of the Bank of England, in the present
emergency to enlarge the amount of their discounts
and advances, upon approved security; but that, in
order to retain this operation within reasonable
limits, a high rate of interest should be charged.
In present circumstances they would suggest that
the rate of interest should not be less than 8 per
cent.

If this course should lead to any infringement of
the existing law, her Majesty's Government will
be prepared to propose to Parliament, on its meeting,
a Bill of Indemnity.
They will rely upon the discretion of the Direc-
tors to reduce as soon as possible the amount of their
notes, if any extraordinary issues should take place,
within the limits prescribed by law.
Her Majesty's Government are of opinion that any
extra profit derived from this measure should be car-
ried to the account of the public, but the precise
mode of doing so must be left to future arrangement.
Her Majesty's Government are not insensible to
the evil of any departure from the law which
has placed the currency of this country upon
in the
present circumstances, the measure which they have
proposed may be safely adopted ; and that, at the
same time, the main provisions of that law, and the
vital principle of preserving the convertibility of the
bank note may be firmly maintained.
We have the honour to be, Gentlemen,
Your obedient humble servants,
(Signed) JOHN RUSSELL.
CHAS. WOOD.

The Governor and Deputy-Governor of
the Bank of England.

Resolved, —That this Court do accede to the re-
commendation contained in the letter from the first
Lord of the Treasury and the Chancellor of the
Exchequer, dated this day, and addressed to the
Governor and Deputy-Governor of the Bank of
England, which has just been read.

That the minimum rate of discount on bills not
having more than ninety-five days to run be 8 per

cent.

That advances be made on Bills of Exchange, on
Stock, Exchequer-bills, and other approved securities,
in sums of not less than 2,0001., and for periods to be
fixed by the Governors, at the rate of 8 per cent. per
annum.

(Copy of Reply.)

Bank of England, October 25, 1847.

Gentlemen,—We have the honour to acknow-
ledge your letter of this day's date, which we
have submitted to the Court of Directors, and
we enclose a copy of the resolutions thereon, and
We have the honour to be, Sirs, your most obe-
dient servants,
(Signed)
JAMES MORRIS, Governor.

H. J. PRESCOTT, Deputy-Governor.
To the First Lord of the Treasury and
the Chancellor of the Exchequer.

We learn from Vienna that the Marquis de Ricci,
the Sardinian Minister at the Court of Austria, has left
for London, charged, it is said, with an important mis-
sion relative to the state of affairs in the territories of
the King of the Two Sicilies.
SEIZURE OF THE PARIS NATIONAL.—The National
having been seized on Thursday at the Post-office, and
at the place where it is published, that journal expresses
great astonishment at the proceeding, as it cannot, it
says, imagine on what article in its number of Thursday
it was founded.
GENERAL Por..Locs.—This distinguished Oriental
officer, since his arrival in this country, has been staying
chiefly at West Drayton. The Gallant Officer last week
had the honour of dining with her Majesty and the
Prince Consort, at Windsor Castle.
WOoLwIGH.—APPREHENSION OF TWO MEN FOR
STABBING Two GAMEKEEPERS.—On Friday evening
be-wen the hours of seven and eight o'clock, Mr. Charles
Hollington, inspector of the Guildford Police, with the
assistance of some gunners of the Royal Artillery, suc-
ceeded in apprehending Arthur and Reginald Bristow,
who are charged with stabbing two gamekeepers, named
George Target and James Martin, at Horley, near
Gu:ltord, on the 9th inst. A reward of 1001. was offered
by the Home-office for the apprehension of the prisoners,
and inspector Hollington traced them first to Bristol
and afterwards to London and Woolwich, at which
latter place he apprehended them at the Crown and
Cushion public-house.
MR. COBDEN AND THE REPRESENTATION OF THE
WEsT-RIDING. We understand that Mr. Cobden,
M.P., intimated his intention not to " pronounce" as to
whether he will sit for tha West-Riding or for Stock-
port, until the assembling of the new Parliament.—
Leeds Intelligeneer.
SWITZERLAND. The Swiss Federal Gazette of
the 20th states that the federal courcil of war has called
upon the twelve cantons of the majority to place all their
military stores upon the war footing.
MADEMOISELLE DELUZY.—The Droit states that
nothing has yet been decided as to the course to be
pursued with Mdlle. Deluzy, but that it has reason to
believe there is nothing in her correspondence with the
late Duke de Praslin which can form the ground of s
trial before the Court of Assize.
The Journal des Chemins de Fer says " Pope
Pius IX. does not confine his interest and care to poli-
tics and railroads, but does all he can to encourage in,
dustry in general. Four suspension bridges are to be
constructed at Rome by a French company, with the
Duke de Broschi at its head, to whom the concession has
been granted."

MONEY and COMUEIICIAL NEWS.

CITY, QUARTER TU THREE.

The sales of Cotton at Liverpool on Saturday were
2,000 bales. American 4id. to 6fd. per lb. Shares
were better.

The " Secret" is out, and although the relief which
Government intends to afford is not considered to be
sufficient, we have a strong impression that it will have
a favourable effect throughout the country. B
has been announced from the Commissioner's-
box in the Stock-Exchange that the Bank
will make advances upon stock and Exchequer-bills at
the rate of 8 per cent. This is relieving the mercantile
community, and will afford a resource to the bankers in
obtaining facilities.

The Bank loans upon stocks, Exchequer, bills, and bills
of exchange, not having more than 90 days to run at 8
per cent, for not less than a fortnight, nor longer than
six weeks, and, as is presumed, must be ed to isstte
notes, or this could not be accomplished.
The state of trade, according to the advices received
to-day, is likely to be better at Liverpool and in the
provinces.

The North and South Wales Banking Company have
suspended payment.

The Funds have been subjected to extreme fluctua-
tions. Consols, after rising to 81k for Money, are
down to 81i end from 83 they have dropped
to 81i g for Account. This is the effect of over-
strained anticipation, and of the disappointment
which appears to be felt under the idea that
the measure is not sufficiently comprehensive.
Exchequer-bills are 275. to 20s. discount. Bank Stock
is 181 to 184. The New Three-and. a Quarter per
Cents. are 80i to 81:1. East India Bonds are 20s. to
255. discount.

The Foreign Securities are very quiet still. Spanish
Five per Cents., 17 ; and Portuguese Four per Cents.,
20 to 21. Chilian Bonds have been at 86. Dutch
Two-and a-Half per Cents. have been 53.
Railway Shares have improved, but have since gone
back again a little.

1, ONE CLOSING
i•RICEs OF BAITISII FUNDS. O'CLOCK. PRICES.
Bank Stock
3 per Cent. Reduced Anns.. 79% 80% 81
3 per Cent. Consols Annuities...Bl 811/i 80% 81% % 82
New 314 per Cent. Anns.
_Jong Arms. to expire Jan. 1860 8 3-16 IA 814
India Bonds, 1,0001.
Ditto under 1,0001.
Consols for Account B2l/ 81% 83 81% 82%
Exchequer Bills. 3d.
1,0001.
500/
Small ... .. 3p par 9 dis par
ONE CLOS 'ING
:'RICES OF FOREIGN FUNDS. O'CLOCK PRICES
Austrian, 5 per Cent •• • 103
Brazilian Bonds
Ditto, Small 744 744
Chilian Bonds 6 per Cent B6 86
Equador Bonds
kexican, a per Cent. 1846 — 17%
Portuguese 5 per Cents. --
Ditto, 4 per Cent 2O 21 21
Russian Bonds •• ..., —• • • 104% 104%
Spanish 5 per Cent. 1840.
Ditto. 3 per Cent —
Ditto, Account —
Venezuela Bonds, 21/4 per Cent —
Dividends on the above payable in London.
Dutch, 2% per Cent., 12 Guild 53 53

27
33 i 4

PRICEb or PAID. BUSINESS DONE cLOSIII
a nLwAY SHARES AT ONE O'CLOCK. PRleg°
Aberdeen
Amber., Nott., Boston,
and Eastern Junction 2%...... ..-
Ayrshire and Galloway.. 2% —
Belfast tic County Down 10
Birmingham and Oa-
ford Junction

Birmingham, Wolver-
hampton, and Dudley 10 ..... 13% .. l3
Birming.,Wolverlepton,
and Stour Valley... .. 8
Birkenhead, Lancashire,
and Cheshire June.— 61,4. —
Boston, Stamfd, & Birm. 5

Bristol and Exeter
Ditto, Thirds
.....
Buckinghamshire B/. 4s — ....... ........
Cale lonian -
50 . ... 34% 35
Ditto, Half Shares..... 33/4 —
Ditto, Clydesdale June 40 ...... -
Chester and Holyhead... 37% 23 ... .. ...... ... 224
Ditto, Preference 4 — -
Cheltenham and Oxford 2 ...... .• ••• .....
Clarence
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
....
4 per Cent. lO .....
....
Dublin and lielfastJunc. 20
....
Dundalk & Enniskillen 15
East Anglia, 251., L. &
E. and L. and D. ...... 25

Do., 181., E. & 11.... 18
Do.' 3/.105., E. &11. 1
Eastern Counties
Ditto, Perpetual, 5 per
%
Cent, No. 1. 61. 13s. 4d... MN dis
i diS
Ditto ditto, No. 2... 6/. 13s. 4d... % die
3/4% Do., York Extension.. 10 ...... 7 /A
Do., North. & Eastern 50
Do., Quarters
•• •• .....
Do., New -
Eastern k3i5,....._
... 50
..
LA... ........
Ditto, Quarter Shares 12 ......
Ditto, Thirds .......13s. 4d —
C':ast Lancashire
Ditto. New
Do.. do., Exten. Scrip 114 —

-
15%

lq
sg
42

East Lincolnshire - 9 ...... 88 IA
Edinburgh and Glasgow 50 ......
Ditto Half Shares ... 15
Ditto, Quarter Shares 12%
Edinburgh & Northern.. 20
Ditto, New
Ditto, Newport .....
Ditto, ditto, New . .... 1% —
Edinburgh and Perth... 2 .....• Ditto Extension los.
..-
Ex eter, Yeovil, ...
Yeovil,& Dorch. 2%
. . . •
Ditto, New . .. 2%......
Glasgow, Dumfries, and
Carlisle B/. 6s. 8d
....•
Glasgow, Kilmar., &Ayr 50 ......
..-
Ditto, New .. 35
Do. Preference Consol. 12%
.....
4
Great Northern 8
...-
Do., London and York 24..
Great South. and West.
....
(Ireland)
215
Great North of England..loo .2131,E 214
...-
Ditto, New 40/.
Ditto, New 30/.
Ditto, New 15/ l% ...... .. 100
Great Western
Ditto, 1/2 Shares ..... ... 50
19, /
Ditto, 1,4 Shares_'...... 15
r
Ditto, Fifths
71
Ditto, New 171
.....
Huddersfield & blanches. 22 ......

Ditto, Thirds ...
96
Hull and Selby 5O .. ... 96 . .
••••
Ditto, Half Shares.... 25
...--
Ditto, 1% Shares.— .. 12% —
•••••
Ipswich & Bury St. Ec.m. 15
•••••
Do., do., and Norwich 15
De., do., Extens.Scrip
•••••
(late Camb. & Ely)... 21,x
Lancaster and Carlisle... 50
Ditto, Thirds Thirds .. 10
Lancashir & Yorkshire 82
..•••
Ditto t,, Shares . ... 38 ......
...••
Do. Quarter Shares... 141,4
Do. Fifths 6 1/2 . •• • 7 ...•
Do. Sixteenths 614
% di.g..
Do. Thirds (Reg. )....101.45.
••••
Do. Ltverp. and Bury 34
Ditto 1/ (late find-
....0
dersfield and Sheff.) 33 —
Do.(Wakefield,Ponte-
fract. & Goole
... ...... ....•
.....

Do. ( W. Riding Union) 41.2 e — .••
Do. (Preston & Wyre) 25
Do. I,‘ Shares (A) 9
Ditto ditto (B) 1U —
Leeds and Bradford 5O
Leicester and Bedfarel... 16s.
Leeds, Dewsbury, &c.... 371,4 — ......
Do., Branch 1/2 Shares 121/2.. ............
Do. New Branch( blue) 241 — ......... •••• • •

Do. Extension (ireen)
Do.NewExten. (pink) 2%
Leeds and Thirsk

Ditto, New
Do., Prefer., 6 per Ct. 8%.
Liverpool, Croeby and
Southport.... .......... 2
Liverp., Mnchstr& New . _• .

casilO Junction 2%. ..... .--
London and Blackwall..l6/. 13s. 4d. 5% 5.
Do. New, No. 1
Do. New, No. 2 .. 31 l3s. 4d....
Do. Extension l5
London, Brighton, and
South Coast 50
Do. Consol. Eighths.. 20
Do. Guarant. 5 per ct.

i%

Do. Pref. Con. 5 'per ct. 50 ... .. 45 ... ..... ....•
.ondon and Greenwich 121 15s 4d...
Ditto, Preference ...18117s 2d...
~ondon and N. Western 100 147 150.........•••
Do., Quarters L. &B. 17
Do., do.. New
Ditto Fifths

e%

148
**73li
12
• ..•••
7

Do. 4 Shares (G. J.) 25
Do 40/. Shares(L. M.) 15
Do. 40/. (M. & B.) ... 40
Do. 10/. ( M & B.) A. 5
Do. 10/. (M. & B.) B. 5
Do. 101. Ai. & B.) C. 1
London, Oxford, and
Cheltenham
Lon.l. & S.Western ...411. 6s. 8d... 57 56 ......... ••
Do. New ConsoL Bths 40
Do. New 50/. ... ..... 321,4..
Do. New 40/ .26 ..• . ...............
Do. Tenths (Consol ) 50
Ditto ditto ....... .... 40
Ditto, Thirds 6/. 13s. 4d.... ..............
London, Salisbury, and
Yeovil
Londonderry &C .leraine 271/2. — «.••••••••••..
Lon4onderry and Ennis-
killen
Manclester,Buiton,and
Matto k... , . .... ... 3
Manchester, _ Sheffield,

1 a~

, N..../.
14

and Lincolnshire ...100
Do. Quarters (No. 1) 13
Ditto ditto (No. 2)... 25
.
Ditto ditto (No. 3)... 7% — ..... *" .... ..
Ditto and Grimsby.... 25
......
Ditto ditto . ... ..... 7 ...••• ......... ..
Ditto ditto ••••••
Ditto Sheffield and
...
Lincolnshire 714 — ............
... ..•
Handiest& Southampt. 2k — .. • .....