The Sun.
London, England, 1847-01-23 00:00:00

TO THE EDITOR OF THE TIMES.

Sir,—To undertake a controversy with an editor in
his own journal would be a folly. I shall, therefore,
wordy say that I am content to let my letter, which you
fairlyyublished, stand against: yOULarticle of the
12thnst: '".
The qUestion is not whether you place any reliance
on my statements, but whether the public will rely on
them in opposition to the assertions of your nameless
" correspondent."
I never supposed you had personally any ill.will
towards Sir C. Napier, but your correspondent has
misled you. Three millions!!! Why, Sir, the whole
expense of all the troops quartered, though not wanted,
to Sinde, would not reach one-third of the sum!

One word more as to the onus of proof. You adopted
the assertions of your nameless correspondent. I deny
their accuracy. It is for him to prove their correct-
ness. He cannot.

W. NAPIER, Major• General.
Guernsey, 13th Jan., 1847.

THIRD AND EXPRESS EDITIONS OX " THE SUN."—
In giving the report of the Debates is both Houses on Tues-
day night, the Caledonian Mercury says—" e think it fair
to state that we have copied the Parliamentary proceedings
chiefly from The Sun, which gives a most ample report up
to the hour of post."
JEWS' SCIENTIFIC INSTITUTION.—The commemo-
ration of the anniversary of the opening of this institution
took place on Wednesday evening, at Sussex Hall, Leaden-
hall-street. Vocal and instrumental music was provided for
the amusement of the company, which was very numerous,
including a large assemblage of ladies. The soiree was fol-
lowed by a ball, in-which all participated with great apparent
enjoyment. In the course of the evening the president of the
institution, in an able address, congratulated the meeting
upon the success that had attended the efforts made to estab-
fish a literary and scientific society for the immediate use
of the Jewish public, though not confined exclusively to that
body. He stated that the members already entered were
between 600 and 700 in number, with every promise of rapid
increase, and that 60 of them had become life governors.
lie also took occasion to remark that the library had reached
about 25,000 volumes, and made other judicious observations
upon the useful tendency of .the lectures which had been
periodically delivered. Several gentlemen connected officially
with the institution followed in the same spirit, communi-
cating at the same time such facts as to its pecuniary con-
dition which it was necessary to make known. The institu-
tion, it seems, is therefore in a state of considerable prosperity,
which it is much to be hoped will continue. The most
distinguished members of the Hebrew community—including
Baron Lionel de Rothschild, Baron de Goldsmid, Sir Moses
Montefiore, David Salomons, Esq., &c.—are found in the list
of its patrons.
LEGAL EXAMINERS FOR 1847.—1 n pursuance of
the order of January, 1844, in reference to
_persons applying
to be admitted solicitors, the Master of the Rolls has ordered
and appointed that gamuel Amory, Benjamin Austen,
Michael Clayton, William Loxham Farrar, Richard Har-
rison, Bryan Holme, Germain Lavie, R. Wheatley Lumley,
Charles Ranken' Charles Shadwell, William Tooke, and
Edward Archer Wilde, be examiners until tha 31st of De-
cember in the present year, to examine every person (not
having been previously admitted as an attorney of the
Queen's Bench, Common Pleas, and Exchequer) who shall
apply to be admitted a solicitor, touching his fitness and
capacity to act as such in the High Court of Chancery.
CONSERVANCY OP • THE THAMES AND MEDWAY.—
,
Thursday a notice was posted at Guildhall, that application
would be made; during the present sessions of Parliament,
to enlarge the powers of the Lord Mayor, as Conservator of
the Thames and Medway, so as to enable him to build and
repair bridges, construct steam-boat piers, and levy tolls, &c.,
and to purchase by compulsion houses, land, &c., for the
formation of approaches thereto.
TRH LACE TRADE—No change can be noted
here. With the exception of a few parcels of fancies to
assort stocks, operations have been confined to the supply of'
positive orders; which are yet small, considering we are en-
tered on the usual period for getting spring supplies. All
parties are waiting the course of public events and a change
in the weather. The continued frost stops up communication
to the northern European ports, as well as prevents purchases
for the home markets. Cotton wool is lower in Liverpool,
and the general Manchester market is dull, yet prices of
tine yarns. have not yet receded, nor is there any symptom of
decline; the supply of Sea Island wool not being equal to the
usual consumption, and the quantity at any time in the
market never being such as to induce speculation. The sup-
ply of Sea Island is usually from 25,000 to 30,000 bales;
this year it is only 18,000 to 20,000 bales. The makers of
goods requiring double warps are much interested in the
progress of the legal proceedings in the case of " Fisher v,
Oliver_ and Atkin."
ENJOYING A SNOOZE.—A young pig, which a friend
of ours stated to be a lineal descendant of the learned pig
Toby," created no small confusion one day this week, at a
tease situated at the west end of Preston. The following
are the facts of the case :—The master of the house, after

Living mister grunter his breakfast, and enjoying his
E out on
open.
nreapastred to his. work ; shortly after
to her Afniclothes smooth
to sleep. which, his wife went
all gossipping excursion, leaving the back door
After having a little friendly chit chat, she returned
dwelling, and on going to the cradle she found all the
and straight, as if some one had placed an in-
fant Wondering how the family had increased by
one so soon, she became rather excited, and turned down the
cradle quilt to see if the face divine bore any resemblance to
that of her liege lord. The reader may, however, guess her
astonishment and surprise when. instead of seeing that of a
" lovely infant," the snout of a pig presented itself to her
view. No doubt, in her youth, she had heard of the ".pig-
faced lady," which was formerly exLibited in Chadwick's
Orchard, at the " low charge of one penny." Bearing that
in mind, she thought that the new comer was a second mon-
strosity, and rushed out of the house in hysterics.
she r • Afte-
er
some time, in company with some other neighbours,
turned to examine more narrowly, when, lo and behold? the
inmate of the cradle was no other than " Tobyjunior," t
he
had climbed over the wall of his stye, turned up the cradle
clothes with his snout, and crept quietly under them, and
laid himself down to enjoy a snooze.—Preston Guardian.
THE CLAVERING POISON CASES.—The Chelmsford
CZ. ronicle announces that Mr. Thomas 's,Tevport, whose name
has been so frequently before the public in connexion with
poisoning her
these cases, has been taken into custody on the charge of
having aided and abetted Sarah Chesham in
own children. _

COURT CIRCULAR.
WINDSOR, FRIDAY. - The unfavourable state of the
weather prevented her Majesty, his Royal Highness Prince
Albert, or the Royal Family leaving the Castle this morning.
The Queen and his Royal Highness Prince Alber visited
her Royal Highness the Duchess of Kent, at her residence,
Frogmore House, this afternoon.
The Royal dinner party, at the Castle, this evening, will
include her Royal Highness the Duchess of Kent, Lady
Fanny Howard, Baroness de Speth, Earl Spencer, and Mr.
G. E. and the Hon. Mrs. Anson.
The band of the Scots Fusilier Guards will attend during
dinner. Her Majesty's private band afterwards attend in the
Castle.

A deputation on the subject of the malt duty, headed by
the Duke of Richmond, had an interview with Lord John
Russell yesterday, at his official residence, in Downing-street.
Mr. J. J. de Mora had an interview with the Earl of
Clarendon yesterday at the office of the Board of Trade.
The Earl of Zetland had an interview with Sir George
Giey yesterday at the Home-office. Dr. Bowring, M.P.,
had also an interview with the Right Hon. Baronet yes-
terday.

John Wood, Chairman of the Board of Excise, had
interviews yesterday with the Chancellor of the Exchequer
at his official residence in Downing-street, and with the
Right Hon. T. Milner Gibson, at his office of the Board of
Trade.

Despatches were sent off last evening from the Colonial-
office for the Governor of the Mauritius.

SPORTING INTELLIGENCE.
HUNTING APPOINTMENTS.
Mr. Horndon's hds., Mon., Landice Bridge ; Thurs., Horn-
cot Chapel-10i.
Montgomeryshire hds., Tues., Paut-y-fridd ; Fri., Pontdol-
goch 710.

- United Pack, Tues., Redwood; Sat., the Poie on Long-
midd-9.

Worcestershire hds., Mon., Copcut Elm; Wed., Hewell ;
Fri., Bransford Bridge-104.
Brighton hrrs., Mon., Patcham ; Wed., Racecourse; Fri.,
Dyke—i to 11.

Brookside hrrs., Mon., Newmarket Hill; Thurs., Tels-
combe • tye-101/2.
Thanet hrrs., Mon., Sea Mark; Wed., Minster Mills ; Fri.,
Chapel Bottom-101A.
Ludlow hds., Tues., Gat]ey Coppice.
Herefordshire hds., Mon., Lyaon ; Thurs., Hall Court ;
Sat., Dinedor Mill-10
B. V. H., Tues., Manston Coppice-11A.
Cheshire lids.. Mon., Duddon Heath ; Wed., Arley ; Thurs.,
Booth's Obelisk; Sat., Darnhall-101A,
Sir W. W. Wynn's lids., Mon., Wynnstay ; Wed., Wor-
thenburo ; Thurs., Iscoyd ; Sat., Overton Bridge-10A.
Shrop,hire lids., Mon., Hawkstone—i- to 11.
East Kent lids., Mon., Clambercrown ; Wed., Blackmill ;
Fri., West. Brabourne-104.
adsworth lids., Tues., Shatton Two Gates; Thurs., Score-
by Bar; Sat., Notton
Mr. Lumley's hds., Mon., Osberton ; Tues., Grove; Thurs.,
Rossington Bridge; Fri., Gringley-101/2.
Earl of Harewood's lids., Mon., Paper Mill Bar; Wed.,
Beeca Hall; Fri., Walton Village-10i.
Lord Yarborough's lids., Mon., Grainsby House; Wed.,
Elmsham Hall ; Fri., ormanby Clump-11.

MONEY and COMMERCIAL NEWS,
(From The Sun of last Night.)
The Cotton Market at Liverpool yesterday was very dull
again. Sales about 2,000 bales, including 1,500 American
At 7d. to 71,4 d. per lb. Shares were drooping.
At the•sale of Railway Shares yesterday, 'bYliesars. La-
niOnd and C 0.,. a fair business was done, And prices were
rather lower again. 'Buyers were anxious to purchase, but
at a considerable reduction. The following are a few of the
painci pal sales:—
East Indian ...
Great Western of Bengal 0 7 0
Great Northern • . ' 2 6 6
Derby, Stafford, and Worcestershire, New 0 10 0
Madrid and Valencia
Ambergate, Nottingham, and Boston
South Yorkshire, Doncaster, and Goole 1 16 6
Direct Northern (scrip) 2 8 0
Eastern Countir York ET

York _.xtension ..... 4 15 0
Shropshire Union and Canal (scrip) 1 5 0
Paris and Lyons 4 1 0
Reading, Guildford, and Reigate 3 9 0
Buckinghamshire
Northern Counties Union 1 6 6
Of course attention has been almost entirely absorbed by
the present condition of monetary affairs in the city, and
we must :ay that, during a long course of experi-
ence, we have seldom seen such a gloomy
aspect, except in times of actual panic. The question natu-
rally may be asked, how far the existing apprehension is
justified by circumstances? We believe that in the general
excitement few stop to reason, or it they consider matters at
all, they look upon them in an unfavourable light.
The policy of the Bank of EnglanJ, unfortunately, is
seldom one that gives support or confidence at
the periods when it would be most opportune.
Here, for instance, have we and our contemporaries
been writing during the last two or three months almost in-
cessantly upon the cotton speculation, and the necessity of
checking it, and yet not an indication did the Bank directors
give, either directly or through their supposed organ, the
Ames, (too busy in decrying railways), of disapprobation
at the operations of the cotton jobbers. An advance of 1/
per cent. in the rate of interest six weeks or two months
since, when the food question was known to be urgent,
would have saved England an immense amount
now irretrievably lost by the payment to the
American grower and merchant of a sum much beyond
what was necessary for the supplies of cotton received. The
staple, however, has been sold to an immense extent—the
engagements are made, and the money must be paid. Now,
however, the Bank directors are alarming everybody by the
RlA3Pitt. 4bliese pursued. One week ttsky.-raise their dis-
coukts.%,per cent., the next Thursday another % is added;
siattieeing theft precipitancy, no one can tell'what another
week may produce. Surely the Bank directors, with
their extensive means of information, as practical
merchants, must have been aware of the large
orders given for foreign corn, surely they must
have known the extent of railway engagements, surely
they must have been seusible of the pecuniary requirements
of Ireland, and who knows but what they were not even
consulted as to the necessity of a new Government loan.
Our own impression is strong that they were so consulted,
and that a new loan is extremely probable, unless it is in-
tended to try the effect of an issue of Exchequer-bills at an
advanced rate of interest, which even then will not keep in
circulation any large amount.
We shall be told, possibly, that the Bank of England is
now a private hank, acting for its own safety or advantage,
and not bound to study the public; but we repudiate the no-
tion. The Bank still has great favours accorded to it by the
nation, and as such must not be held exonorated from alle-
giance. If, as some suppose, the Bank wishes rather to
alarm the public by its headlong policy, and not so much to
excite a pressure, we need only answer that alarm always
does create a pressure, and that if the Bank had been for
months past discounting at one per cent., and then weekly
advanced the rate, although the advance in itself were not
onerous, the same results would follow, viz., fear and even
panic. However, there stands the fact, that the minimum
charge of the Bank on first-rate ninety-five-days bills was
yesterday raised to four per cent., and that no one can an-
swer tnr its not being whipped up to five per cent. within
a fortnight. We hope it may be otherwise, but certainly
the proceedings of t! e Bank directors de not re-assure us.
After the remarks above made, it must be expected that
we have but a gloomy account of the stock markets. The
" bears" eagerly looking out for a new loan have done their
utmost to excite bond ifele sales, for without these their time
bargains would be of no avail. To some extent they have
succeeded, not so much from the actual extent of the business
done, as from the co-operation afforded by the jobbers in the.
house, who decline to deal unless at lower rates. Thus we
have had a sale or two for money at a decline, firstly, to
91%, and subsequently to 9034, while tor Account the range
has been from 911/ to 91. As to prognostications, they are
all in favour of still lower values, and if parties will give
way to alarm, we can scarcely expect any other result. Ex-
chequer-bills have realised Bs., and since 3s. and 7s. premium.
The New Three-and-a-Quarter per Cents. have been reduced
from 9314 to 92%. Bank Stock is 2041 A; to 205.
The Foreign Funds are all weak again. Spanish Three per
Cents. have declined to 34% and %, Mexican to 21% and %,
Brazilian New to 84%, and Dutch Two and-a-Half per
Cents. to 57. Russian Bonds have been at 110% to 111, and
Danish at 87.
Shares are considerably lower in many instances, and
cheaper in all.
13111TISII FUNDS.

ONE CLOSI is G
O'CLOCK. Prift'ES.
Bank Stock .. .. .. .. .. .. • • 2045¢ 205 205
Three per Cent. Reduced Arinnitios .. .. 915 % % 91%
Three per Cent. Consols Annuities .. .. 91% 90% 91
Three per Cent. Annuities, 1726 .. .. 90% 90%
New Three-and-a-Quarter per Cent. Arnie 93%14 92% 93
Long Annuities, Expire Jan. 5, 1860 .. 9% % 9%
Ditto. 30 years. Oct. 10, 1859 .. 9 7-16 9 7-16
Ditto, 30 years, Jan. 5, 1860 .. • • 9% 9%
South Sea Stock .. .. .. .. .. ..
Ditto, Old Annuities .. .. ..
90%
Ditto, New Annuities .. .. .. 90 89%
Consols for Account • • .. • • .. .. 91% %% 91 91%
Exchequer Bills. llid. 1 ki.d.
1,0001... .. •• • . 8 3 7 pm,
Ditto, Small .... 7-- pm. 8
7

ONE
O'CLOCK.

FOREIGN FUNDS.
Brazilian Bonds, 5 per Cent ..
Ditto, New Bonds, 1829 and 1839 .. 84%
Danish, 3 per Cent . • • .. 87
Grenada, 1 per Cent .. —
Mexican Bonds, Old, 5 per Cent .. 21%
Ditto, for the Account .. .. 2194 %56
Portuguese Bends, 5 per Cent .. ..
Ditto, 3 per Cent .. ..
for the Account .. ..
Ditto, 4 per Cent .. .. • •
Ditto, for the Account ..
Russian Bonds
Spanish Bonds, 5 per Cent
Ditto, for the Account ....
Ditto,•• ritBSi ve Bonds ..
Ditto, Deterred 16%
Ditto, Three per Cent ..
Ditto, for the Account

CLOSING
PRICES.

32%
32
32%
110 N 111 110%
23
5
16%
34% 33% 33%

Dividends on the above payable in. London.
Belgian Four-and-a-Half per Cent .. 94 g
Dutch Two-and-a-Half per Cent .. 57
Ditto, for the Account 57U
Ditto, 4 per Cent. Certificates .. 91
Ditto, for the Account • • • •