The Sun.
London, England, 1847-10-27 00:00:00

FACULTY.

These Chest Protectors are invaluable over weal•. chests. The cor-
rect opinion expressed of them by numerous professional men has
been proved by the benefit they afforded to thousands last winter.
Every article may be had of Chemists generally in London, and of
one or more in every town in the United Kingdom. Wholesale at
32, King William-street, City, London and of Messrs. Macintosh
and Co., Manchester.

I Perms- Sum the
:eg.,:l' Annual Policy Bonus in nent Re- Assured REQUISITES FOR AUTUMN.
Am ..''' Pre- taken addition Boaus in duction •f may bor- Choice garments MOSES' Mart supplies,
=:3 miuna. out in Assured. 1 Cask. Annual row ion
ua ''' And multitudes have bought 'em ;
....-------- I Premiums. Policy. For all who view are sure to prize
..---
£ s. 4. £ s 4. £ s. il. £ s. d. MOSES and SON, whose fame stands,
r 1837 243 9 3 112 8 5 18 4 6 494 8 10 Have to perfection brought 'am,
1838 218 4 8 99 8 10 15 13 5 445 0 0
X ,4 s. d. And hence increasing numbers buy
Co. ,1000 74 1839 192 1 10 86 9 3 13 4 9 395 11 1
f 3 4 1840 143 5106684 9 19 1 346 2 3 Their requisites for Autumn.
1841 138 14 261176 9 9 2 296 13 4 The over-coats do credit to
u----L--_____ 1842 111 6 8 49 10 0 710 4 247 4 5 The sk ltul hands that wrought 'em ;
Nor will you doubt when you view
Th. ._ . .. _.:....-..,... nf T Att, 1_ Rzc.. may be had at the The requisites for Autumn.

The coats for shooting famed afar,
Wherever you may sport 'em,
Will prove what Messrs. MOSES are
In requisites for Autumn.

MOSES and SON excel in style,
For fashion's school has taught 'em,
And now behold with grateful smile
Their requisites for Autumn.

MOSES and SON, in prices too,
Whenever friends have sought 'em,
Have kept economy in view
In requisites for Autumn.
A new Work. entitled" THE DRESSING-ROOM COMPANION,"
containing a detailed List of Prices, with full Directions for Self-
Measurement, may be had In application, or forwarded post-free.
LIST OF PRICES.
sassy MADE.

Beaver Taglion' . • ..
Chesterfield and Codrington's, and every
description of Over-coat, handsomely
trimmed...... 0
1 8 0
The Bullmer, especially adapted for snowy and
wet wcather• • •
The Premier • • • . •
Boy's Winter Coats, in every style. • • • • ••
• • ...... 0 6 0
Mar's Do. Trousers, lined .. •••• • • • • • • •• • 0 4 0
Doeskin ••••••• • • • • • • • ••• • . • 012 6
Dress Ceats ••••• • • • • • 1 0 0
Frock do.• • ..
Double-breasted Winter Vests ••••••••• • . • • . • • • - 0 2 0
Roll collar •• • • ..... .......•••......... 0 1 6
Boys' Hussar and Tunic Suits.. ...... • ..... 116 6
)(ADZ TO ICCASIIRX.
Winter Coats, in every style and shape, hand-
somely trimmed •••• • • • . ....• • ....
Milled cloth Over-coats, velvet collar and cuffs • • 2 4 0
Tweed Wrapper ....••
Doeskin Trousers •• • •
1 2 0
Best, or Dress• •
Dress Coat • • • •
Best quality made.. •••• • . • 2 15 0
Frock do .• • .
Best quality made .. .• • • ...... 3 3 0
Cashmere Vests .. •• • • • •
Satins, Plain or Fancy •••••••••••• • •• • . . • • . • •• 0 12 0
Boy's Hussar and Tunic Suits .. •••• • • • • ........ 1 6 0
Great Coat ••••.•••• • • • • • . • 0 16 0
A Suit of Clothes complete ........ •••• • • • ••••• 1 16 0
Mourning to any extent at Five Minutes notice.
The attention of Ladies is especially directed to E. MOSES ani
SON'S stock of Furs, which will be found en inspection te be tke
largest, best assorted, and cheapest in the trade. Reserve year par-
chases.
Observe.—Any article purchased, ready made, or made to mea-
sure, if not approved of, will be exchanged, er if preferred, the
money returned.
E. MOSES and SOlf, Tailors, Ifeellendrapers, Clothiers, flatters,
Hosiers, Furriers, Boot and Shoemakers, and General Outfitters, for
Ladies and Gentlemen, 154, 1 55, and 156, 157 Mineries, and 83,
84, 85, and 86 Ahigate, City, London.
('autiin.—E. Moses and Son regret being obliged to guard the
rublie against impostors, but have learned that the untradesman-
like falsehood of being connected with them, or it's the same concern,
has been resorted to in many instances, and for obvious reasons.
They have no connexion with any other house in er cut if London;
ord those who desire genuine and cheep clothing, 8&o., should call at,
send to, Minories and Aldgate, City, London.
Notice .—No business trsuasacted at this establishment from sun-
set Friday, till sunset Saturday, when business is resumed till twelve
o'clock.

DR. LAWERT TME SECRET INFIRMITIES OF YOUTH
AND MANTRITY.—WITH 40 COLOURED EN-GRATINGS ON
STEEL.
Just pulishd, and may be had in French or English, in a Sealed
Envelbope,e 2s. O„ or pest-free, from :the author, for forty-two
Stamps, •
SELF-PRESERVATION; a Medical Treatise
on the Physiology of Marriage, Infelicitous and Unproductive
Unions, and the Secret Infirmities and Disorders of Youth and Ma-
turity, usually acquired at an early period of life, which enervate
the physical and mental powers, diminish and enfeeble the natural
feeling., and exhaust the vital energies of Manhood; with Practical
Observations on the Treatment of Nervous Debility and Indigestion,
whether arising from these causes, close study, or the influence of
tropical climates: Local and Constitutional Weakness, Syphilis,
Stricture, and all Diseases and Derangements resulting from Indis-
cretion. With Forty coloured Engravings, illustrating the
Anatomy, Physiology, and Diseases of the Reproductive Organs,
explaining their structures uses, and functions, ad the various
injuries that are produced in, them by solitary habits, excesses, and
infection

BT SAMUEL LA'MERT, M.D.,
9, BBDFORD-STREET, BEDFORD•SQUARB,
-LONDON.
Doctor 0 Medicine, Matriculated Member of the University of Edin-
burgh, Licentiate of Apothecaries' Hall, London, Honorary Member
of the London Hospital Medical Society, &c.
Marriage requires the fulfilment of several eonditions, in order
that It may be really the cause of mutual happiness. Could the
veil. which cevers the origin of domestic wretchedness, be raised,
and its true source in every instance disclosed, in how many could
it he traced Is physical disqualifications and their attendant disap-
pointments. Excesses are always injurious ; the gift, which when
used in moderation is fraught with advantage, becomes, when
abused, the prolific source of mischief, and of greater or less injury
to the constitutional and vital powers. The particular excesses, on
the nature and consequence of which this Treatise professes to dilate,
are productive of greater severity of misery to the human frame,
than any other to which it is subject.
This work contains an accurate and complete account •f the
Anatomy and Physiology of the Reproductive Organs, and of
their relative conditions in health and disease. It deservedly
requires the closest attention and study, for what subject can
be of mere importance than the preservation of the health,
and of the physical capabilities of which every man should
be possessed. It unfortunately happens that the unhappy
victim of excessive indulgence and vicious habits, whether acquired
in early life or from the follies of advanced age, while suffering
from their invariable consequences, unwisely entertains a fear of ap-
plying to a qualified physician for relief. Shame and the dread so
frequently, but erroneously entertained that these complaints are
beyond the reach of art, alike restrict him and prevent his seeking
for assistance where alone it can be procured. In acting thus, he
forgets that accurate discrimination in ascertaining the causes of
disease, sympathy with the sufferer, and, above all, secrecy, inva-
riably characterise the intelligent and practical physician, and to the
medical man who can show by his posse sion of the requisite legal
qualifications that he is entitled to esteem and respect in his profes-
sional pursuits, the utmost confidence should be extended. Dr.
LA'MERT has obtained the highest medical honours, as his diplomas
testify, and the great extent of his practice for many years is a
guarantee for his professional experience, which has reference almost
solely to the treatment of these diseases.
Published by the Author, and may be had of Kent and Richards,
52, Paternoster-row; Hannay, 63, Oxford-street; Starie, Tiehborne-
street, Haymarket ; Mansell, 115, Fleet-street ; Gordon, 146,
Leadenhall-street, London; or, free by post for forty-two stamps,
from the Author, who may be consulted on these disorders personally
or by letter, daily, from Ten till Two, and from Five till Bight, at his
esidenee, 9, Bedford-street, Bedford-square, London.

WALKER'S PRONOUNCING DICTIONARY.
A New Edition carefully revised and enlarged by the insertion of
5,080 additional words, price, bound in cloth, 18mo., 55., or with
the Key, Gs. Gd,
DEVGNP CYR T'S W KE R'S 'D 6-
TIONARY, in which the meaning of every word is clearly
explained; and the sound of every syllable distinctly shown, with
directions to foreigners for acquiring a knowledge of the use of this
Dictionary.
**. The work has been augmented by the insertion of nearly five
thousand words ; many additions and corrections have been made in
the definitions ; a bolder and more legible type, cast for the purposg,
has been employed ; and the utmost care taken to render the volume
perfectly free from typographical errors.
London 1 William Tegg and Co., Pancras-lane, Cheapside.

PRICE ONE SHILLING ONLY.

Sent by post with the same facility as newspapers, by the enclosure

of Thirteen-pence. - -
ALL THE FASHIONS for NOVEMBER,
AND ALL THE NOVELTIES OF THE SEAS° 1847,
splendidly engraved and coloured, unexampled and unequalled, will
be published in TilE WORLD OF rismos Magazine, on the Ist
of November next. The price reduced to One Shilling only—not
Two Shillings, as before. The only authority for Ladies' Fashions.
Should there be any difficulty in obtaining this Magazine, it will be
sent, per post, wherever desired, to any town, city, or village, with
the same facility as newspapers, by a pre-paid letter being addressed
to J. B. Bell, 229, Strand, London, enclosing Thirteen-pence.
Orders received by all Booksellers.
Prie One Shilling only.

GRATIS, with the LADIES' GAZETTE OF
FASHION for NOVEMBER, price One Shilling—the o::ly
work that contains the CORRECT WINTER FASHIONS —a Superb
COLOURED GIANT PLATE OF FASHIONS (size 198 inches), in
addii ion to the usual Costumes, being the Largest Collection ever
published, ani double the number given in any other work. All the
Paris Fashions, the Royal Dresses, and Extraordinary Winter
Novelties. Five Plates, 100 Figures, 150 Patterns, 40 Walking and
Children's Dresses, 30 Cloaks, Visites, Pelisses, 60 Bonnets, &c.
Descriptions, Tales, Poetry. Sent post free for Is. 6d.
G. Berger, Holywell-street, Strand, and all Booksellers and
Newsmen.

OHN CH APMAN, BOOKSELLER and PUB-
LISHER, begs to announce, that he has REMOVED his
BUSINESS from 121, Nos-gate-street, to 142, Strand; and requests
that all e,mmunications be sent to the latter address.
London, October, 1847.

In the Press,
LIFE and CORRESPONDENCE of W. E. CHANNING, D.D.
Enriched with two Portraits. Edited by his Nephew, W. 11. Chan-
ning. The work will be printed in post Bvo., and will be uniform
with the Glasgow and American Editions of Dr. Channing's col-
lected works. The valae of the work will be greatly enhanced by
two very superior and distinct Portraits of Dr. Charming, engraved
on steel, to be prefixed separately to the first and second volumes;
ono of them being a copy of a Painting by tho eminent American
artist, Allston. And, if the work extends to three volumes, a Pro-
file View of Dr. Channing's Bast will probably be added as ar.lllus-
tration.

Will shortly be published,
The CHARACTERISTICS of the PRESENT AGE. By Johann
G. Fichte. Translated from the German, by W. Smith.

- Now ready,
POLITICAL ECONOMY, and the PHILOSOPHY of GOVERN-
MENT ; a Series of Essays selected from the works of M. de Sis-
mondi. With an Historical Notice of his Life and Writings, by M.
Mignet. Translated ttom the French, and illustrated by Extracts
from an unpublished Memoir, and from his private Journals and
Letters. To which is added, A Preliminary Essay, and complete
List of his Works. Bvo., cloth, 12s.
Just published,
CHARACTERISTICS of MEN of GENIUS; a Series of Biogra-
phical, Historical, and Critical Essays, selected, by permission,
chiefly from the North American Review. With Preface, by John
Chapman. Contents :--Gregory VII., Loyola, Dante, Petrarch,
Shelley, Byron, Goethe, Wordsworth, Milton, Pascal, Scott, the
German Poets, Michael Angelo, Canova, Machiavelli, Louis IX.,
Peter the Great. 2 vols., cloth, 125.; cloth, gilt, 14s.
On the NATURE of the SCHOLAR, and its MANIFESTATIONS.
By Johann Gottlieb Fichte. Translated from the German; with a
Memoir of the Author, by William Smith, Cs., cloth.
The VOCATION of the SCHOLAR. By Johann Gottlieb Fichte.
Translated from the German, with a Memoir of the Author, by W.
Smith. Paper cover. Is. 6d.; cloth, 2s.
THE DESTINATION OF MAN. By Johann Gottlieb Fichte.
Translated from the German, by Mrs. Percy Sinnett, 3s. 6d. cloth.
THE PHILOSOPHICAL and -ESTHETIC LETTERS and
ESSAYS of SCHILLER. Translated, with an Introduction, by J.
Weiss, 7s. 6d. cloth.
le.
EPortfp
RELIGIOUS
cover,EGa
scripture,
csru3O-
trsi
ec cloth,
INQUIRY;3
e Letter6dloa.
THE PHILOSOPHY of ART : an Oration on the Relation of the
al
y
Plastic Arts to Nature. Translated from the German of F. W. J.
tt
late
or,
RationaQlismu,
i t aettvhi .
0 eniQolsiues empsh-
von Schelling, by A Johnson. Paper cover, Is. ; cloth, is. 6d.
byTTilhEomßaAs
RATIONALE
ESSAYS. By R. W. Emerson, Second Series. With a Notice
tion stated, of Reason, the Bible, and the Church. By Janes Mar-
timnirearteul.es,Tatidrd
theA Edition.uthority With
of
Blanco White. Paper cover, 45.; cloth, 4s. 6d. '
THE LIFE of JEAN PAUL FR. RICHTER. Compiled
from various sources. Together with his Autobiography. Trans-
lated from the German. 2 vols., paper cover, 7s. ; cloth, Bs.
THE EVIDENCES of the GOSPELS. By Andrews Norton, Pro-
fessor of Sacred Literature, Harvard University, Massachusetts.
2 vols., Bvo, cloth, li.
SERVIAN POPULAR BILLIDS.MBy Dr. Bowring. 12mo.
bds., Bs.
SIIAKSPERE'S DRAMATIC ART, and his RELATION to
CALDERON and GOETHE. Translated from the German of Dr.
Hermann Ulricl. Bvo., cloth, 12s.
DISCOURSE of MATTERS PERTAINING to RELIGION. By
Theodore Parker. Post Svo., cloth, 7s.
RETROSPECT of the RELIGIOUS LIFE in ENGLAND; or
the Church, Puritanism, and Free Inquiry. By J. J. Tayler. Post
Svo., cloth, 10s. 6d.
LIFr; of JESUS CRITICALLY EXAMINED.
Straass. 3 vols. Bvo., cloth, 1/. 16s.
C. C. Henna. Svo., cloth, 2s. 6d.
CHRISTIAN' THEISM. By
INQUIRY concerning the ORIGIIT of CHRISTIANITY. By
C. C. Ilennell. Bvo., cloth, 12s.
INQUIRY into the FOUNDATION, EVIDENCES, and
TRUTHS of RELIGION. By H. Ware. 2 vols. limo., cloth, 12s.
POEMS. By It. W. Emerson. Post Bvo., cloth, Gs.
POETRY of the MAGYARS. By Dr. Bowring. 12m0., bds., 85.
POLLs/I POETS. ily Dr. Bowring. limo., boards, Bs.
IRELAND and her FAMINE; a Discourse. By J. Martineau.
12m0., 6d.
HISTORICAL SKETCHES of the OLD PAINTERS.
Author of the " Log Cabin." Paper cover, 2s. 6d. ; cloth, 3s.
LOG CABIN or, the World before You. By the Autr o
" Three Experiments of Living," SLC. Sewed, Is. Gd. clothoh, 2s.
extra cloth, gilt edges. 2s. Gd.
Is. 4d.CULTIVATION of th
LECTURES to YOUNG MEN, on the e
SKETCHES of MARRIED LIFE. By Mrs. Felice. Royal Svo.,
MIND, the FORMATION of CHARA.CER and the CONEL CT of
LIFE By G. W. Burnap. Royal Svo T., Pd.,
sewed, Gs. • cloth, Bs.
to the CANONICAL SCRIP-
WORKS of -DR. CHANNING. Barker's edition. 6 vols. 12m0.,
DE WETTE'S INTRODUCTION
TURES of the OLD TESTAMENT. Translated by Theodore
Parker. 2 vols. Svo., cloth, 11. 4s.
London John Chapman,
J 142, Strand,
application.
A Catalogue of Books published by . C. to be had gratis on

By D. F

By the

SPIRIT of the PUBLIC JOURNALS.
FROM THE MORNING PAPERS OF THIS D.Y.
TIMES.—We shall expose ourselves to no little
derision, but really we feel rather like naughty boys
kept in and tasked, when a holyday is given to the
rest of the school. Nothing can equal the chorus of
jubilation which rises all round us for Monday's de-
liverance. Our Contemporaries vie with one another
which shall shout the loudest and throw up his cap
the nearest to the stars. If the " boon" was to be
given, it is a pity it was not reserved for a royal
birthday, when it would have come very suitably
in the place of the general gaol delivery that used to
adorn such occasions. The pulpits, of course, will
take it up, and cry " Babylon is fallen." A giant
incubus of some sort or other is removed from the ap-
prehensions ofa considerable portion of society. The
unanimity is wonderful ; and, what is more wonderful
still, there is pretty nearly the same amount of talent
exhibited by parties that have hitherto afforded no
room for comparison on this point. Sentiment levels
all human inequalities. A beggar can share his grief
with a king, and a genius sympathise with a fool.
There is much the same diversity in the persons who
join in the transports of the present occasion.' 'We
never saw wise men so weak, or weak men so witty.
They don't know when to stop, they are all so beside
themselves with joy. " Peel's Bin is knocked on the
head! Hurrah !" and there are before us at least
ten pages of uninterrupted shouting. Of course we
are entirely out of the sport. All we can do is to be
malignant and prophetic, unless when some ancient
bit of wisdom, some homely old fable or proverb,
occurs to our relief. We have derived a little satis-
faction from remembering the tale of the saucy maids
who wrung off poor Chanticleer's head because
he disturbed their morning's dro99.s. It is true
we have crowed both early and shrill. Of course we
are a public nuisance, and have been so for some
time. We have not, however, for many a long day
been so unmercifully abused as within the last
twenty-four hours. All this we could stand with
equanimity enough. The worst is, whatever comes
to pass, even if every bit of gold should eventually
depart from the coffers of the Bank, and the rate of
discount rise to 20 per cent., we shall not be allowed
the smallest credit for our present opinions. A dozen
writers will cry out, " Did we not tell you all this ?
We predicted as much." Or there will be the repeal
of the corn-laws on which to lay all the misfortunes
of the country. Disasters are laid upon free trade
just as broken crockery is thrown out of sight into the
first hole that can be found. , Whatever the result of
last Monday's measure, whatever the disappointment
of Ministers, it will be claimed as a triumph by some of
the parties whose shouts for the suspension of Peel's Bill
are still ringing in our ears. All this immense and un-
bounded satisfaction is—for what ? For an increase
of our capital ? For any increase of exports likely
to balance our accounts with our neighbours ?
For the increase or cheapening of the materials of
industry ? Not for one of these things ; not for
any one substantial benefit whatever. There is
nothing whatever to justify this demonstration of
joy and security, except a word a breath of air
—a promise of credit, an exhibition of confidence
by Government. The very persons who have
been trying with all the might of des-
perate stupidity to attach a sobriquet to the
Chancellor of the Exchequer founded on his
habit of hoping for the best, and who recently
declared that his confidence was of no value, are
now transported beyond the decencies of civilised
delight at a word of encouragement, a pat on the
back from Sir Charles. He promises credit. That
is enough. The position of the country is not a bit
better to-day than it was on Saturday. There is no
assignable improvement of wealth, condition, powers,
or resourees. The only change is this—whereas
nearly the whole nation had been foolishly and im-
morally contracting engagements beyond a safe esti-
mate of its means ; and the only party in the State
which had not so pledged itself beyond its depth was
the Government; that single exception no longer ex-
ists ; Government has joined the delusion ; Govern-
ment has engaged its credit beyond the safe estimate
of its power, made after much consideration in the
Bank Charter Bill; Government is now in 'a
position to find itself one day stopping payment,
and completing the list of princely mercantile
houses that have sunk under the storm. A
measure such as that which has just been sus-
pended represents only that moral control which a
strong-minded man will exercise over his runaway,
or, to use the modern term, his " go-ahead" appetites.
A. man with some scruples imposes a law on himself,
a limit beyond which he will not transgress. He is
tempted, excited, bewildered, ashamed. At last he
gives up his principle. lie feels an immediate libera-
tion. He is now at large. He can do as he likes.
He is no longer the slave of discretion. This is all
that the nation has to boast of. The conscience of
the nation, the high controlling power," has given
way. Thereat ambition, covetousness, rivalry, and
all the more fiery impulses greatly rejoice. It
is the confidence of intoxication, and amounts to
nothing but " Thank God, I have a better opinion
of myself than I had a year since." We have
not the least desire to mingle in such rejoicing.
On unquestionable grounds we fear that the
capabilities of this country are a good deal worse
just now than they have been this twelvemonth. The
deputation from the Lancashire cotton-spinners, who
ought to have been heard at the same time as the
Liverpool requisitionists, throws some light upon the
state of affairs. They give us some serious facts, and,
even where they err in demanding an unwarrantable
interference with speculators, they point out inciden-
tally how little claim those gentlemen have to be
buoyed up by the credit of the State. In answer to a
question by Lord John Russell, the cotton-spinners
make some interesting explanations. So " vicious,"
they say, is the system of credit which has obtained in
Liverpool, that a speculator can buy 10,000/. worth
of cotton by the deposit of 1,0001. or 2,000/., giving
to the broker an acceptance for the whole amount.
The banker discounts this bill, holding the cotton as
security. Thus, a hazardous speculation intercepts
the cotton on its arrival, and enhances the price,
sometimes to an exorbitant degree, before it gets to
the factory. But all depends on the state of dis-
counts. The business may be said to subsist On dis-
count, as nine-tenths of the capital is borrowed for
the nonce. Of course, they who play such tricks
must expect to be ruined now and then ; and if
a bank chooses to take part in a speculation,
and share the profits, it must also abide by
the laws of the game. So extensive is the prac-
tice as to create a direct antagonism of interests
and jealousy of feeling
between Liverpool and
Manchester. The deputation from the latter place
are for summary measures—for illegalizing the sort
of operation we have described. At least, they pro-
pose that the security should be invalid beyond one-
half or two-thirds of the value of the produce de-
posited. It is needless to say this plan will not do.
Mercantile " pressure" is the proper and natural
remedy for this game. 'When a few of these reek
less and grasping speculators have been obliged to
sell their produce at a loss for want of discounts the
plague will abate. However, neither of these two
remedies, it seems, will be applied at present. The
importunities of the Liverpool bankers and mer-
chants have prevailed. An inexhaustible supply of
discounts is promised, and, as a natural consequence,
the speculation revives, cotton rises in the market,
and further difficulties are thrown in the unfortunate
cotton-spinner's way.
CHRONICLE.—Although we are not aware, from
anything we have recently seen or heard, that the
Times posseses the power of dangerously misleading the
public mind on commercial questions, we:unaffectedly
deplore the course which our contemporary has of
late been pleased to pursue. It cannot be agreeable
to any considerate person to see a once influential
Ydi employed in assisting to give
direction organ of the press fritter away powers for public use-
fulness which might have been—and we trust yet
lanaybeal
practically
and policy. Freely crediting our contemporary, of
course, with an average amount of good wishes and
be—advantageously
to national opinion
s 1
intentions, we do think the responsibilities of journal-
ism have sat more lightly on him throughout the
recent crisis than is right or becoming. He
has borne public misfortunes with a com-
posure which, if exhibited under the pressure
of private calamity, would evince a truly stoical for-
titude. The literary recreation of writing smart
things, and dressing up common-places in inge
to •
niously twisted diction, seems have seriously im-
paired both his natural sympathies, and his taste for
the practically useful. If our contemporary had
actually enjoyed the crisis, he could not have
laboured, with more of apparent self-satisfaction, to
make the worst of things, and to enforce, in his best
style of stilted jocosity, the grand moral of letting ill
alone. He has written up the policy of inaction and
despair, in a style of sly humour and quaint eloquence
which would be really pleasant, notwithstanding its
affectation, if one could quite forget that the matter
was serious. Under the circumstances, it is impos—
sible not to lament the total absence of any attempt
d the f'
at useful suggestion, an systematic derision o
the best-considered inethods of alleviation. There is
something offensive in this easy and indolent, not
to say heartless, way of treating a national disaster.
To tell a suffering and panic-struck community,
morning after morning, that the best thing they
can do is to leave the " agony to " take its course,'

[ADvEirrisEmENT.]-one ofthe greatest impositioris
practised at the present day by shopkeepers, not only in
London, but in every city and town throughout the
Kingdom, is that of forging the property of auother, and
imposing on the puLlic the counterfeit article with all
the assurance of innocence.—We allude in the present
instance to those admirable requisites for the toilet, the
Macassar Oil, Kalydor, and Odonto, as prepared by the
Messrs. Rowland, and which, from their merits and re-
putation, are the constant objects of fraudulent imita-
tion. The parties so counterfeiting concoct some trashy
compounds resembling in appearance the preparations
of Messrs. Rowland, and by adopting the very same
names and copying the labels, bills, &c. &c. endeavour to
pass them off us the " GENUINE ;" reckless of the injury
which they will inevitably inflict on those who are de-
ceived into using them. We would therefore advise all
patrons of Messrs. Rowlands' articles, to purchase only
of respectable venders—and particularly to observe the
Caution in their advertisements which frequently appear
in our paper.

ZOOLOGICAL SOCIETY 01' LONDON.—Her Majesty
has sent a fine specimen of South American tapir to the
gardens in the Regent's park, which she had already dis•
tinguished by several marks of her favour during the
current year. The animal in question will not be valued
ou account of the source from which the Society has
derived it, but also as filling up an important vacancy in
their collection, which, we are informed, has just re-
ceived two other additions of great interest—a group of
the great bustard, and an alligator of unusual dimensions,
SALMON Fisnum—The salmon fishing in the
Tweed closed on Friday last, the 15th of October. From
the quantity of fish sent into the West Riding of York-
shire and to the Glasgow market new markets
opened up in consequence of the opening of the
railways--it is impossible to arrive at anything like
a correct result of the quantity of fish caught during the
season. In general terms, however, it may be stated,
that the season just closed has been more than ordi-
narily unsuccessful—even on a comparison with former
seasons scarcely considered an average. The prices, in
consequence of the meagre supply in the town, have
never been below 7d. per lb. for grilse, and Bid. to 9d.
per lb. for salmon.—Berwick Warder.
HINTS TO WINE DRINKERS. —On Friday 103
hogsheads of adulterated wine were brought out from
the erarepot at Paris, and their contents spilt into the
Seine. "Immediately after this operation (says an
eye- witness) the surface of the river was covered to the
distance of 200 yards with an innumerable quantity of
fishes, poisoned by the deleterious liquor."—Galignani's
Messenger.

[ADVERTISEMENT ]—CURE OF A CANCER OF THREE
YEARS' STANDING BY HOLLOWAY'S OINTMENT AND PILLS.—MIS.
Ilagin, of Armagh, had a cancer on her lip for three years, wlsier.
the first medical men in the country could not cure ; at last she WI-is
advised to purchase Holloway's Pills and Ointment, at Mr. 'Moral).
son's, bookseller, Armagh, which effected a perfect cure. No )t
wounds, sores, abscesses, or bad legs, even if of several years' do
ration, can resist the curative powers of these extraordinary medi-
cines; by their great efficacy many have regained the complete use
of their limbs, when upon the eve of submitting to amputation at the
hospitals and elsewhere.—Sold by all druggists, and at Professor
1191loway's Establishment, 244, Strand, London.

and to let the " progress of stoppage" go quietly on
accordingwhich
ht o C
a oßc kr
ietri
s, his hardly
journalist
the
to
a obliga-
tionsßritish
public. If a public writer really can find nothing
more to the purpose to say than this, there would be
at least decorum in'clothing so fearful a message in
sober and earnest modes of speech. Our contempo-
rary's vehement aversion to all attempts at alleviating
the pressure of unavoidable commercial difficulties,
and breaking the force of a calamity that strikes him
as being admirably en re le, leads him, of course, to
put the worst possible face on the late proceeding of
Ministers. That the beneficent " progress of stop-
page," and march of insolvency, should have been so
" rashly" interfered with—at a time, too, when its
rapid acceleration had begun to produce all the
happy consequences contemplated by legislative
wisdom in 1844—is, very naturally, set down
by him as the worst thing that has befallen
the nation yet, during the whole of the rail-
way era. This we can understand ; and we are in
no way solicitous to deprive our contemporary
of the satisfaction of nursing his grievance. The
luxury of woe may be pardoned some unseemly
extravagances of expression, when the chief mourner
has the irritating consciousness that his dear deceased
has left but few friends and admirers. We are not,
however, so easily disposed to give our contempo-
rary quite his own way in stating the rationale of
what Ministers have done, or undertaken to do. It
may be the taste, or the policy, of the Times, to
magnify to the uttermost all the possible and contin-
gent tendencies of a mischievous character that can
be imagined to lurk in the " virtual surrender " of
" Peel's Bill," and to " carry out the principle" to
the length of an eventual and prospective " suspen-
sion of specie payments." But it is not desirable
that any public writer should be allowed, uncorrected,
to indulge his ill- temper in careless and sweeping
misdescriptions of an important act of the Govern-
ment. We take leave, therefore, to register our de-
nial of the dictum f the Times, that " the Mi-
nister has undertaken to regulate the supply of
money"—or, as it is elsewhere repeated, that " Go-
vernment now comes forward as a great money-
lender." Lord John Russell has no more undertaken
to regulate the supply of money than Sir Robert Peel
undertook, in the session of 1846, to regulate the
supply of food. What Lord John Russell does now
is, like that which Sir Robert Peel did then, a qua-
lified withdrawal of the regulating hand of the State
from an affair which it is experimentally found that
the State has regulated very absurdly. The Govern-
ment no more comes forward now as a great money-
lender, than the Government came forward then as a
great food purveyor. The Government comes for-
ward to relax (in a particularly cautious and guarded
manner, by the way,) certain artificial restraints on
money lending, which have been but very recently
imposed, and which are found to work intolerable
mischief. It is nonsense to talk of this act of

Ministers as an assumption, on the part of the State,
of responsibility for the condition of the money-
market, or as an " interference" with the natural
laws of commerce and banking. The implied appeal
to the just and reasonable aversion felt by all
thoughtful persons to " State interference" with
mercantile transactions, is a perfectly ungrounded
appeal. So far as it goes, the Ministerial proceeding
is a piece of non-interference policy. It is a cautious,
and almost timid, move in the laissezfaire direction.
Positively one would think, to hear our contempo-
.

rary, that "Peel's Bill" was a rescript of nature—that
the gimcrack of 1844 belonged to the eternal order
of things—that its " virtual surrender" was like
loosening a screw in the frame-work of the universe.
What Ministers have done may be right or wrong ;
but assurredly it is not open to the Times's objec-
tion. S o far from having "come forward" to "interfere,"
for the purpose of helping commerce out of natural
difficulties, it would be nearer the mark to say that
the State has stepped back, and (pro tanto) desisted
from an interference that is seen to have plunged
commerce into artificial difficulties, and turned a pres-
sure into a panic. We think the commercial com-
mon sense of our countrymen may fairly be trusted
to comprehend the true meaning of the Ministerial
act of Monday, and to rate it at its just practical
value. It abrogates, so far as it goes, a needless and
mischievous interference with the natural laws of
commercial credit—an interference which had be-

the operation of the Banking Act, and given up the
principle for the maintenance of which they so
long contended. Had the author of our troubles
not advised the opening of the safety-valve, we were
all to have been blown mercilessly into the air.
This says much for the lamentable incompetency of
the Whigs, but little for the financial sagacity of
Sir Robert Peel. Upon his ability as a Minister of
Finance, the late Premier staked his credit to the
world, and has lost his pledge. His famous and pet
measure, inoperative in prosperous times, has broken
down at the first appearance of gloom and pressure.
Whilst other men foresaw the inability, Sir Robert
asserted proudly the capability of his Bill in a season
of difficulty and trial. The first test robs him of the
halo with which credulity had so long surrounded him.
The man who is alone competent to govern for a mer-
cantile community would have swamped such a com-
munity had they nut taken matters into their own
hands, and overturned his precious handiwork. Sir
Robert Peel, who framed the Banking Bill of 1844,
and the present Whig Government, who, under Sir
Robert Peel's patronage, adopted the Bill as their
own, have both been beaten by public opinion arrayed
against them and the 'organs which, to the
last moment, have upheld their cause. Sir Robert
Peel makes public confession of his error when the '
truth is extorted from him, and can no longer be
withheld—his puppets echo his words, and do his
bidding when he moves the strings. Is nothing to
be learned from these facts ? If Sir Robert Peel has
given way where he defied criticism and claimed uni-
versal applause, what is the inference ? If he is not
to be trusted as a financier, is he to be considered
immaculate as a free-trader? The ancient divinity,
who played its idolators false in one respect, was not
relied upon or referred to in others. If the God of
War will not gain victories:for his supplaint soldiers,
he will hardly be more generous where his influence
is less apparent. Within three years we have wit-
nessed a great statesman pulling down a fabric which
he built for perpetuity. Within a second three years
he must give a helping hand towards the removal
of other obstructions to the public comfort, or they
will tumble down without his interference. The
relaxation of the harsh provisions of the Banking
Act of 1844, even were it twenty times as favour-
able as it is, would still leave the national industry
maimed and afflicted beneath the operation of the free
trade scheme of 1846. Our troubles, imminent as
they are, and confounded by the operation of conflict-
ing causes, are still traceable, for the most part, to
two special lines of policy—to the free trade policy,
which took our money from the country ; and to the
financial policy, which refused to supply, in any way,
the place of that money on its departure. The pri-
mary source of the mischief is still untouched. How
long it will remain so depends upon the goodness of
Providence and the endurance of man. The sinking
trade of our cities and towns, the depopulated facto-
ries, the falling revenue, the sounds of complaint and
discontent heard amongst the labouring masses of the
country, are no evidences of stability and long life—
give us no reason to hope that the last measures of
Sir Robert Peel will share eventually a nobler fate
than the first. If they be not doomed we have
strangely miscalculated the operations of cause and
effect. During the discussion of the Banking Act of
1844 (if we re member rightly) it was proposed in
Committee of the House of Commons to introduce a
clause giving the Bank of England, in times like the
present
0,
rad
epdiv vbeyr ot e meting nove
rgn theme n
tp roe
ns s u
Mons idma I a y
Ira
stto.
instance of the present Chancellor of the Exchequer.
Sir Charles Wood is down upon his knees,—so is Sir
Robert. But they have both to fall still lower.
POST.—The Russell Government had so com-
pletely committed itself to the restrictive policy in
respect to money, that it acquires no respect, and de-
serves no gratitude on account of what was done at
the last moment to relieve the pressure upon the
public and upon the Bank. When the Liverpool
deputation was in London, but a few days ago, the
answer of the Government was, not only that it could
do nothing, but that if it were to authorise advances
upon the public credit, it would thereby make mat-
ters worse. Yet the Government a few days after-
wards sends a missive from Downing-street to the
Bank, recommending to be done that very thing which

come totally unendurable, at a time when circum-
stances imposed extraordinary exertions on our
trade and industry—and it places us consequently
in a far better position for grappling with difficul-
ties, and bearing up under pressure. That is all.
People need not frighten themselves with visions of
" suspension of specie payments"—and they must
not be up in the air with the notion that Govern-
ment will, or can, " make money easy." " The pro-
mise to pay" means all that it has ever meant, and
there is not the smallest danger of its not being faith-
fully kept ; only a new patent device for ensuring
convertibility turns out to be preposterously costly
and cumbrous, and is condemned accordingly. And
the railway-and-potato difficulty is just as formidable
as it was; only we are better prepared to contend
with it and subdue it, now that we have got rid of an
extra difficulty which we had very ingeniously manu-
factured for ourselves. The gold in the Bank is a
finite quantity, and the age of miracles has ceased ;
only we have made up our minds that our gold shall
not lie quite idle, and that we will use it as far as it
can really be made useful, without infringing the
rules of practical commercial prudence. How very
pleasant and beneficial it would be, if the Times
could lay aside its crotchets, its ill-humour, and its
affectations, and help us in explaining to the public
the exact practical merits of a question of so much
public interest.

it had said would make matters worse I. `Vas it that
after the Liverpool deputation had departed the grand
and statesmanlike thought occurred to Sir C. Wood,
that Government might take advantage of the crisis
to do a little bit of usury ? Was it that though
the misery of Liverpool could not touch the
Ministerial mind, yet the possibility of going
snacks with the Bank of England in a charge
of eight per cent. upon advances, had given a
favourable complexion to the recently-rejected pro-
position ? On the 21st of October Ministers could
not see that it lay with them to do anything for the
relief of the monetary crisis, or that, if it did, they
had the ability to apply an efficient remedy. On the
25th of October they say, that " the time has arrived
when they ought to attempt, by some extraordinary
and temporary measure, to restore confidence to the
mercantile and manufacturing community." We
should be glad to hear what were the events between
the 21st and the 25th which made so great a difference
and which satisfied the Ministers on the latter day
that it was high time to do what they supposed, or
affected to suppose, on the former day, that they had
no means of doing. Was it in the interim they had
got the leave of Sir Robert Peel to pronounce the
practical condemnation of his Bill of 1844 ? Was it
that, having duly humbled themselves before that par-
ticularly honest and consistent personage, they were
permitted to avow that his fair-weather scheme of cur-
rency must be tossed overboard as an intolerable in.
cumbrance when the storm raged so as to make
matters rather dangerous ? But why is this " ex-
traordinary" measure of relief to be only " tem-
porary ?" Are her Majesty's Ministers of opinion
that excessive pressure and difficulty are wholesome
alteratives ? Do they think that large doses of
commercial dismay, and a course of " great stop-
pages," are now and then good for the health of
the mercantile body ? If not, why should they
say that a measure, not only extraordinary, but
" temporary," is that upon which they have resolved ?
We think, if they will condescend to take the advice
of men of good sense and experience, who do not go
in fear of that eminent and steady statesman, Sir R.
Peel, they will set about some important permanent
measure for giving to the industry and enterprise of
the British empire an abundant currency based upon
property—secured by good management from do-
mestic depreciation, and guarded from exportation by
the circumstance of possessing no intrinsic value. If
it be true, as some say, that the country has still
much practical difficulty to struggle with—if it be
true that in the coming year as well as in the present
greatertsvhae evr
eym acoonpnieosstriatdt
heoyernanbo affairsel
of the
etshssaeicet
yrfli
Irish
ifitoeshrehesapkweigoti
ilpogl
oldedbo
fmamrvo.eema
stluostrt:bi
restvoimdngigaffio,dlc,eetuhrtlnoet
stanceeu nnoi utegdhofoar Kingdom,t
bheegcgoa ureenndt
dr ypa
otnop
übuleanatwr up against the
dearness
npeasrstc i rooctf um
the
th e-
raw material of manufacture in another. But in pro-
portion as these events require great exertion to cope
with them, is the insanity of crippling industry by
restrictions upon monetary circulation. In an active
community nothing stimulates industry like a free
circulation of money. Nothing stimulates production
so much as rising prices. If, then, there be occasion
for more than ordinary exertion—for more than usual
activity of productive industry—the readiest and most
certain way to promote this is to make money abun-
dant and to make it safe. In this there is no difficulty

- HERALD.—We should wrongly designate the
present holders of patronage and power if we called
them a Government. Placemen, indeed, they are.
Dressed in brief authority, they receive the wages of
officials and the mouth service of underlings and de-
pendents ; they wear fine liveries, hold councils, and
enforce observances ; but as for governing the coun-
try, the wax-work Ministers in Madame Tussaud's
brilliant exhibition are just as useful and efficient.
In 1846 Lord John Russell was driven to interpose
between famine and a starving people in Ireland.
Against his will, his conviction, and his resolution,
he was forced to purchase food for a community
threatened with decimation by a frightful plague.
After he had avowed that the only way to ensure a
helpless people's safety was to leave them to shift for
themselves, and after hundreds of thousands of his
fellow-creatures had fallen victims to the atrocious
policy, he was literally compelled by the indignant
spirit of the United Kingdom to provide food for
hunger, sustenance for dying men. The Minister did
not rule the country ; the country governed him. In
the battle between general common sense and indi-
vidual political conceit, the former, as a matter of
course, finally gained the victory, but at a cost of
human life far beyond that occasioned by any one
sanguinary war recorded in universal history. In
1847 the tale is repeated in England. We have had a
famine of money, and the Minister has obstinately
refused to allow the people to be fed. Granaries have
by no means been empty, but the gates have wilfully
been locked. Commerce has sickened, credit has
been destroyed, yet Government has placidly”looked
on and said, " Things must take their course. Shall
we sum up the hearts broken, the happiness lost, the
beggary produced by the failure of commercial
houses, the suspension of labour on extensive works,
the sudden dismissal of willing hands in almost every
city of the kingdom, all brought about by gross
incompetency and unpardonable self-sufficiency ? '
Again, the good sense of the people has strain hauggled
with the stubbornness of the Minister, and ags
the latter been defeated. The governed have laid
prostrate the governor. The 25th day of October,
1847, has seen the barrier knocked down which
was raised against the crying necessities of the nation,
and has also beheld a feeble Government utterly im-
potent before the demands of a community who un-
derstand their interests better than their masters,
and do the work which they handsomely pay others
to accomplish. Had Ireland been tranquil under the
dolce far niente system of the Minister, who shall say
how wide-spread would have been the havoc ; where
fever, the offspring of famine, would have stopped ;
where anarchy, the parent of all mischief, would
have failed to extend her melancholy wing ? Had
the merchants and tradeg. of England submitted to
the flippant dismissal of the Chancellor of the Ex-
chequer, the other day, who shall calculate the amount
of disaster that would have been heaped on the
country ; the extent of the bankruptcy that was about
to involve so many in irremediable ruin ? We be-
lieve in our hearts that, with the last capitulation of
Ministers, our mercantile troubles aro in the way
of removal. The renunciation of the principle of
the Banking Act of 1844 is the dawn of a
brighter day. The submission to facts which
could not be overturned is a confession of error which
renders a return to the old and vicious system a
sheer impossibility. However inadequate may be
the aid afforded, the argument conceded is of vital
consequence. For the future the Legislature will
never place a drag chain upon the energies of trade
and commerce whilst the country is laden with pro-
perty, and men of substance and character are de-
sirous to engage in legitimate and prof
Robert Peel
table enter-
prise. The immediate followers of
are chuckling at the power of their i
have rather reason to mourn at his master; they
sole instigation, 1 •t is averred, defeat. At his
Ministers have relaxed

if the Government would exercise common sense, re-
gulated by experience and inspirited by courage.
Her Majesty's Government are pleased to inform the
Governor and Deputy-Governor of the Bank of Eng-
land, that " they are not insensible of the evil of any
departure from the law which has placed the currency
of this country upon a sound basis." Such a para-
graph as this affords a notable instance of the silliness
to which Ministers of State may be driven, when
the pressure of events compels them practically to
condemn that which is still with them a favourite
theory. What can be more absurd than to say that a
certain law has placed the currency on a sound basis,
when the very purport of the letter in which this
assertion is made is to relieve the currency from the
intolerable restrictions which this law has imposed?
If the currency be placed upon a sound basis by Peel's
Parliament?ls itn
law, why authorise the Bank to violate Peel's la
wan,
aallßyilml euafn In-
demnityawnnd
and
pr
forise stuoch violation
applyto
ridiculous thus to cling to the theory that Peel's Bill
is sound, when they are forced to su pend it, lest absolute
ruin to the whole mercantile community should be the
result of its destructive operation
sigh, and vow, and protest
as they? But let Ministers
may about Peel's
Bill, Peel's Bill is
doomed It has been tried, and
found guilty. Sentence is *
ing of Parliament, but in the meantime its func-
tions are suspended. Even the
anticipates Times, thatweeps
evil
from the event, andall - manner of evil
from suspending a law which threatened almost im-
mediate bankruptcy to two-thirds of the mercantile
community, does not hesitate to admit that the law
has received its death-blow. " The Bank Charter
Act," exclaims our angry, because disregarded, con:
temporary, "is virtually surrendered." Again -we
are told, in the same column, that " the measure
certainly does appear in its tendency a fatal blow to

ADVERTISER.—It is surprising, that amid all
the suggestions which have been made for mitigating
the monetary pressure, one of the simplest, safest, and
it might be supposed most obvious, should have been
overlooked. We have, on previous occasions, men-
tioned a fact not very generally known to the
English public, namely, that in Scotland the cur-
rency consists exclusively of a paper medium. No
gold ever enters into the monetary circulation north
of the Tweed. A sovereign is never seen in Scot-
land. The Scotch are so wedded to the one-pound
notes, that however great the absolute attractions of
gold may be in their eyes, it loses all its charins when
placed in competition with the pictorial bits of paper
issued by the British Linen Company, or any of the
other established banks in Scotland. And yet, though
a metallic currency is unknown in that country, Sir
R. Peel's Scotch Currency Bill compels the Scotch
banks to keep, at all times, a large amount of gold in
their chests. The object, as stated by the ex-Premier
himself, is that the notes of the banking companies
may be convertible into gold on presentation. The
whole affair is an absurdity. It is contrary to all
experience of the Scotch people to suppose that they
should demand gold for the paper of their banking
institutions. They never have given the least ground
for supposing that they will prefer sovereigns to one-
pound notes; and those whol know them best, and
know moreover, the perfect stability of their banking
establishments, can have no hesitation in saying they
never will—not, at least, in our day or generation.
Sir Robert Peel, therefore, in assimilating the Scotch
banks to the banks on this side of the Tweed, showed
that he altogether misconceived the character of the
Scotch people. He neither comprehended their
genius, nor the genius of their monetary institutions,
when he imagined that their currency could not rest
on a secure ground, unless, as in England, it was
based on a metallic foundation. The Scotch Mem-
bers did everything in their power to enlighten
the Right Hon. Baronet's darkness in reference
to this point, but their efforts failed of success. He
clung with an unyielding tenacity of grasp to his
favourite crotchet—that there can be no security for
a currency which is not based on the precious metals.
This crotchet was incorporated in the late currency
measure, and the result is that for every one-pound
note which the Scotch bankers issue, beyond a certain
amount of paper, they are obliged to put aside a so-
vereign. The amount of gold which in this way,
ar.d from this absurd regulation, is constantly lying
utterly useless in the Scotch banks, is not much
under 2.000,0001. at the present time, and on no occa-
sion is it below 1,.500,000/. Now, is it not deplorable
that so large an amount of bullion should be lying
wholly useless in the Scotch banks, at a time when we
are threatened with a national bankruptcy, in conse-
quence of the scarcity of the precious metals ? The
letting loose of this locked-up gold would be a most
appropriate accompaniment to the measure to which
Ministers have had recourse for the relief of the mer-
cantile community. It would add very greatly
to the beneficial effect of that measure. And,
besides conferring a great bop on the country, it
would be cordially welcomed -by the Scotch
bankers. Not only is it a serious inconvenience
to them to be constantly ordering down from London
large chests of gold which are never opened, and
which, when they contract their paper circulation,
they return to the metropolis, but it would be a very
great saving to them. The estimate of the loss sus-
tained by the Scotch banks by being obliged to keep
so large an amount of unproductive gold in their
coffers, is no less than 60,0001. a year—a very con-
siderable sum in a country where the population does
not exceed two millions and a half, and where there is
comparatively little commerce. Sir Robert Peel's
notions of a convertible currency might be practically
carried out by making the Scotch notes convertible,
on presentation, into the paper of the Bank of-Eng-
land, which is convertible into gold. The suggestion
is one which will not, we trust, be overlooked. If
brought before the Parliament, on its assembling, we
do not see bow it can fail of being adopted. Of one
thing we are certain—it would receive the cordial
support of all the Scotch Members, every one of
whom will bear his testimony to this fact,—that there
exists not the slightest necessity for having a single
ounce of gold in the banking establishments north of
the Tweed.

MONEY MARKET and CITY NEWS.
CITY, TUECDAY EVENING.
CHRONICLE.—The general subject of conver-
sation in the City to-day has been the order in Coun-
cil suspending the Bank Charter Act of 1844. Al-
though it can hardly be expected that those who have
hitherto violently supported the measure should express
much satisfaction at seeing it so comp'etely set aside,
yet the general feeling is that an important benefit
has been conferred on commerce by the virtual repeal
of the enactment, and that a highly satisfactory result
will follow. The large body of London bankers who
signed the memorial to Sir Robert Peel at the time
the Bank Act was under discussion, earnestly recom-
mending him not to pass the Bill without a ' safety
valve," are of course satisfied with the result of their
prediction, and the event justifies their confidence in
a reliance on experience and a prudent foresightilin
preference to the promises of an untried p
author of the measure no doubt regrets
not listen to the suggestion which was thenoffeßrell,
and which, if it had been incorporated in the
__ _ i ,
that he did
might have preserved its principle intact. No one
supposes now that an attempt will be made to renew
the measure in its present form.
The best proof of the effect of the suspension of
the Act will be found in the reports from the several
poofrtathnetmcoimmmmeedrciaiatel districts
relief
h a
do f
hteheenk ienxgpde or
ime
n. e e ill;
st wthiallt bteheoibmseprrye•evdemferonmt
inotuhre qcuiotytatiisoiNl,seroyf
de-
cided. all
Fanudndi
It is true that after the close of the market,
as noticed above, a decline took place from the higher
quotations of the day, but this was an operation
that might be confidently expected, in consequence
of parties realising in ordinary course after such an
extraordinary rise in prices. We understand that
the applications at the Bank today for advances have
been very few, and the total amount asked for, par-
ticularly on loan, was remarkably small. Some
curious instances of the effect of returning confidence
in bringing out the money that had been hoarded
have been mentioned. In one case, a large amount
of money which bad been withdrawn from one of the
in banksth e fora‘i'dent
iidentical
specialne te s pwu rhpi oe
hs e ,lh'
aNdv abse re
been
t ugr ni
vec,d to-day
n
t, o
the
in the City
party some weeks back !
We have no further disasters to record
to-day. Advices from Manchester, however, report
l‘Flersosmrsi.nllaanircll)::sciteer it is
theall i
mfailure
p orta
not f.
East India trade,
en-
gaged in the home trade. _ , .arnbert, a firm
said—" Our
and of mr. f - and. Co., in the
Neither of them are at
Exchange has been
a coraylete commotion this
morning by the news that
last interfered to assist Government has at
the present emergency. the commercial classes in
is likely to produce,
general aspect of opinions are varied ; but the
must be deemedthings, up t o the moment of writ-
ing,avourable, though few, if
any, heavy sales in clotahs f or yarns have been reported.
Both spinners and
dmanufacturers are asking fully as
high rates as on this se amight, and from appear-
ances it is probable thlaty a decided improvement in theo
demand will have to be repotted before the close f
the day. The hesitation
shown by both sellers and
purchasers seems to arise from the difference of
opinion as to the ultimate effects likely to be pro-
duced by the relaxation of Ole -stringent Act of 1844 ;
so that perhaps another week:anust elapse before prices
can assume any settled point;. in
" It is understood that extensive orders are
town from all parts of the -.world ; but in manycases
the assets wherewith to pum.hase are noth available
order to see
unless at a ruinous rate of. 'discount, whi▪
ch as
in-
duced all that could to wait, -a little, in _
whether the rate of inten?s• t will not decline ; but
now that the Bank's minion im rate is to be 8 per
cent., i 't is fancied that 111 erchants will commence
operations, seeing that th en e exists no prospect ~ for
some time to come at„least,„ cif turning thei▪ r bills into
cash on easier terms.
TIMES.—The premium o n gold at Paris is 13 per
mille, which, at the English 31 int price of 31.175. 10W.
per ounce for standard gold, git es an exchange of 25.47 ;
and, the exchange at Paris ova London at short being

25.774, it follows that gold is 1.18 per cent. dearer in
London than in Paris.
By advices from Hamburgh the price of gold is
4371 per mark, which, at the English Mint price of
21. 17s. 101 d. per ounce for standard gold, gives an
exchange of 13.11,1, ; and, the exchange at Hamburgh
on London at short being 13.131, it follows that gold
is 1.02 per cent. dearer in London than in Hamburgh.
The course of exchange at New York on London
is 1091 per cent., and the par of exchange between
England and America being 109 23-40 per cent., it
follows that the exchange is 0.08 per cent. against
England; but, the quoted exchange at New York
being for bills at 60 days' sight, the interest must be
deducted from the above difference.

There has been much fluctuation to-day in the
English Funds, but the rise of yesterday has been
fully maintained. Consols for money, which were
quoted yesterday after business hours at 821 to 83,
opened this morning at 83 to Q. Many purchases on
the part of the public then took place, and the price
went to 84k. After this, however, a rumour, which
was utterly destitute of foundation, to the effect that
the Bank had charged 12 per cent. for loans upon
stock, caused a sudden reaction to 831, at which the
market closed. For the account Consols opened at
83} to 3, advanced to 84k, and closed at 83} to
In the Stock Exchange to-day the rate of interest
was from 6to 8 per cent. There was no excessive
demand at the Bank for money under the new regu-
ations. _ _

There was a better feeling to-day on 'Change in
regard to the negotiation of foreign bills, which, ge-
nerally speaking, went off fairly.
The rates for Hamburgh and Paris were lower
than last post, but no material alteration occurred for
other places.
Arrivals of gold took place at the Bank to-day
from Hamburg!), St. Petersburgh, and other parts of
the Continent, to the amount of about 130,0001. or
140,0001.

By advices received this morning the rate of dis-
count at Amsterdam is quoted at 4 per cent., the
rate for loans on deposit being sto 5i per cent. At
Hamburgh money is easier and the rate of discount
is 51 to 6.
Letters from Hamburgh, dated the 22d of October,
mention the receipt of accounts from St. Petersburgh,
to the effect that " the Emperor of Russia had given
orders to the Bank to assist every merchant that
might be able to prove his solvency by his books—
amongst others, the house of Thomas, Son, and Le-
fevre." In consequence of this it was generally an-
ticipated that the London correspondents of the above
firm would forthwith resume business.

Direct letters received from St. Petersburgh, dated
the 16th of October, mention business as very dull in
that city, owing chiefly to the discredit caused by the
failures here. The exchange was 381 d. to 38d.,
which would favour the exportation of gold. Flax
showed a tendency to fall, and corn was without
buyers, and the prices nominal.
Prom Riga also, under date the 16th of October, a
general tendency to a decline in prices is reported,
hemp being the only exception.
From N ewcastle this morning the accounts are
perfectly favourable, no allusion being made to any
continuance of the panic. The Union Bank is about
to publish a statement of its affairs.
A meeting of the creditors of Messrs. James and
William Morley, whose failure took place on the 14th
inst., was held to-day. Mr. Ainsworth, on behalf of
certain Manchester creditors to the amount of 40,0001.,
took the chair, and the following statement was read.
It will be observed that again in the present instance
speculations in railway shares constitute a prominent
feature, the result in this case being different from
that in Messrs. Gower's, where the public, and not
the firm, were the sufferers :

JAMES AND WILLIAM MORLEY.
DEBTOR.
.e. S. d.
To trade creditors ... 62,749 13 4
To cash creditors ... 30,558 18 11

.E. s. d

To billy accepted for
Messrs. J. and W.
Morley's accommo-
dation
To bills accepted by J.
and W. Morley for
the accommodation of
other parties, which
will be claimed on
this estate ...
To bills receivable, dis-
counted, drawn upon
parties who have
failed 17,061 7 4
Dedur.t cash and securi-
ties held by bill-
holders

... 2,298 10 11

To liability upon bills
receivable,considered
good

... 55,542 8 11