The Sun.
London, England, 1847-09-29 00:00:00

APP
_ (7) )

[PR'77.l's OD.

banks of ••
A decrease in the circulation of joint-
stock banks of ... ••• •••

Total below the fixed issue
---

MON Y MAR an ITY NEWS.
cCITY, TUESDAY EVENING.
TIMES.—The suspension of Perkins, Schlosser,
and .Mullens, a firm largely engaged in the Baltic
I and East India trade, has been announced to-day.
i The liabilities amount to about 250,0001., and the
stoppage has been caused by the non-receipt of re-
mittances (or rather by the receipt of remittances to
the extent of 25,0001. on failed houses) from a hOuse
rit Calcutta, whose paper Messrs. Perkins and Co.
have accepted to the amount of .50,000/. It is most
positively asserted, however, that the creditors will
receive payment in full, and that the suspension was
resolved upon to insure that result by avoiding un-
neccessary sacrifices. The house has connexions at
St. Petersburgh, Riga, and Liverpool, but in each
case the position of these parties is considered secure.
Letters from Manchester this morning report the
failure of Mr. Armstrong, a cotton dealer, with
liabilities estimated at from 60,0001. to 80,0001. Two
other failures also are mentioned, but the liabilities
are not given.
A second meeting of the parties interested in the
affairs of Sanderson and Co. took place to-day, at
which it transpired that the bills bearing the respon-
sibility of the firm which have run off, since the
meeting on the 20th inst. have amounted to 150,0001.
and that the whole (with the exception of a small
portion taken on account of Lesley Alexander and
Co.) have been duly paid. The following is a minute
of the proceedings :
"At a meeting of the parties interested in the
affairs of Messrs. Sanderson and Co., held at their
office in King William-street, London, the 28th of
September, 1847, convened by circular, it was resolved
unanimously—
'That the further progress made in the realisation
of the assets of Messrs. Sanderson and Co. fully con-
firms the views of the solvency of the concern ex-
pressed by the meeting held on the 20th instant, and
that this meeting be further adjourned to Tuesday,
the 12th of October next, at one o'clock precisely, at
his place.' _ _ _

" S. J. LOYD, Chairman."
Another flagrant instance of the reckless way in
which it has of late become the custom to assail the
credit of mercantile houses has occurred this after-
noon, an unqualified announcement of the failure of
a respectable and prudently-managed West India
firm having, without a shadow of foundation, been
generally circulated. The least inquiry amongst the
friends of the parties would immediately have elicited
the feet the, so far_fran- being in _difficulty, their po-
sition at the present moment is considered to be one
not merely of security, but of perfect ease.
The followingis the circular which has been issued
by Messrs. Cockerell and Co.:—
"It is our painful duty to inform you that we have
been under the necessity of suspending our payments.
" This event has arisen from no speculations, but
from the extraordinary pressure of the money-market,
both in India and England, operating upon our re-
sources.

"It is some satisfaction to us to state that our
affairs have been under the inspection of a gentleman
fully competent to judge of them, who confidently
reports his belief that after meeting all our engage-
ments there will be a very considerable surplus.
"We hope to be able shortly to submit to you a
proposal for adjusting our liabilities."
The Sydney papers received this afternoon extend
to nearly the middle of May. It would appear by
the comments in these that business in the colony was
assuming a position of some prosperity. The manu-
facture of tallow was being extensively carried out,
and the greater part of the season's produce of wool
had been sent down for shipment. The weather in
the interior was generally described as favourable.
Advices direct from Algoa Bay bring dates from
Graham's Town, the Cape of Good Hope, to the 16th
of July. The Kafirs, according to these accounts,
continued their depredations, and the colonists were
loudly complaining of the inefficiency of the pro-
tection afforded them. At the mouth of the Buffalo
the weather, after a succession of stormy days, had
moderated, and become fine. A series of resolutions
passed at a meeting held at Port Elizabeth show
that the inhabitants of the eastern province consider
themselves in a situation to support an independent
Government.

Letters from Rio de Janeiro of the 10th ult. quote

the rate of exchange upon England at 271-d. to 274 d.;
Paris at 345 reis ; and liamburgh, 640 to 645 reis.
The Local Six per Cent. Stock WdS firm at 83k.
The exchange at Gibraltar upon London on the
15th inst. was 501- for bills at 90 days' sight.
Spanish pillared dollars were worth 2i per cent.
premium.
The continental papers state that the Minister of
Finance of the Pays Bas was about giving official
notice concerning the sale of 1,000 shares of the
Bank of the Pays Bas, the property of the State, in
accordance with the authority granted by Article 2
of the law of the 31st of March last, the proceeds to
be applied " to covering the necessary expenses of
re-establishing the monetary system of the country."
The Bankers' Magazine furnishes the returns of
circulation of the private and joint-stock banks for
the four weeks ending respectively the 21st and
26th of August, and the 4th and 11th inst., and
gives the following as the average weekly circulation
of these banks for the month ending the 11th of
September inst., viz.:—
Private banks ...
Joint-stock banks ... 2,954,284

... £4,175,774

Average weekly circulation of these 1 £7,130,058
banks during the past month ..
On comparing the above with the returns for the
month ending the 14th of August last, it shows—
A decrease in the circulation of private

£82,606

37,067

Total decrease on the month .. £119,673
And on a comparison with the returns for the cor-
responding period of last year, viz., the 12th of
September, 1846, it shbws—
A decrease in the circulation of private
banks of ..
.. .. .. £214,500
A decrease in the circulation of joint-
stock banks of

157,338

Total decrease on the year .. £371,838
As compared with the amount of the_ fixed issues,
the following are the results :
The private banks are below their fixed
issue .. •• • • ' • %.
The joint-stock banks are below their
fixed issue

£823,670

463,993

. £1,287,668

demise of Sir John Berner(
record the
DEATH OF ES JUDGE BOSANQUET.B-o:Vanequheatvewhtoo
in the Court of Common leas..
for a period of twelve year; was onHe
eof
dthieedpountsntehJeu2d6gtehs
aged seventy-four. The deceased instant, at his residence, Pleas..
Niatt„Haamrapesmtebsedr-hnerattneh,
Essex family, of French extraction, and was asson of Sa-.
osanquet, Esq., of Forest House, in that c
mHueewl 13
as called to the bar in 1800; and on receiving the
judgeship, in 1830, he had the honour of knighthood
conferred on him, and was, as well, sworn in a Privy
Councillor. In 1835 and 1836 h. was one of the Com-
missioners for executing the office of Lord Chaneellor,
while the post was unoccupied. By his demise a pension
reverts to the Crown.
B WHITE, R.N.—
DEATH OF LIEUTENANTH B.
ve the mortal re-
On Friday was
committed
Ti(7)hittehelf3. He entered the
mains of Lieutenantdpabretining
navy in 1790, and
frequently awfa.tietrlißmt.hoes most
enemy, h e service,b re ahisn
LTerafalgar. as lieutenant of the
the so-
d so brilliant a part in
CsaeeuolswNtair.—The publicans' bills of
tt.Thooeti oT
.isoorioseh.rlicgahaat
Mercury.
charges sent into the Newcastle Conservatives since the
late contested elections, are said to amount to 3,0001. On
the polling day alone six thousand persons, we are cre-
dibly informed, breakfasted at Mr. Hodgson's (the Tory
candidate) expense, being nearly four times the number
of persons that voted in his favour. The total number
charged for as having breakfasted, dined, and supped.
during the day of the poll, is fourteen thousand, or nine
meals per vote. The publicans must heavily desire that
Mr. Hodgson will keep his promise, and revisit New-
castle at the next election.— Gateshead Observer. •
THE LATE FATAL ACCIDENT ON THE LONDON
AND SOUTH COAST RAILWAY.—CONCLUSION OF THE
INQUEST.—The adjourned inquest on the body of Samuel
Gregory, who was unfortunately killed on the 31st of
May last, in consequence of the engine which he was
driving going off the line near Chichester, was con-
cluded to-day at the Crown and Anchor Tavern, Nut-
, bourne, before Mr. John Leetman, one of the coroners
for the county of Sussex. The inquest bad been ad-
journed several times in order to have the testimony of
Peel, the stoker, who was also severely injured on the
occasion. However, on the last sitting of the jury, Mr..
Wills, the surgeon who had attended the unfortunate;
man, stated that Peel was an inmate of a lunatic asylr,irs
at Bethnal green, and that no reasonable hope coukr,
he
entertained that he would ever be able to be exaeejned.
The inquiry was then adjourned. Upon the jut.); siv,-;ain.
meeting this day, the Coroner, after ascertnintig that
i
there were no more witnesses to prodnee Zee over the
depositions of the previous inquiries. 1"--e room having
:r about half an
y cti,Tit;
tinsn,arnegtnerrns,etdhetnjunirr
odnietthteo3thl
set fdoal 1)o. wo-f
bheoennesclde
deliberation, r a°f strangers,
ing effect:—" That Samuel Gregory,
May, was killed by the engine No. 40 running off the line
of the London, Brighton, and :south Coast Railway, in
the parish of Westbourne, in this county. That such
engine was subject to considerable oscillation, which
gave it an undulating, swaying, and jumping motion, but
whether the engine left the rails in, consequence of such
motion, or from what other reasc,n,
no evidence appears;
to us. The jury recommend the, directors, and the jury
hope the recommendation will be attended to, that en-
gines of the construction of N. 40 should not in futtn-e-
-be used for passenger trains." The inquiry then el,Jsed..
THE ALLEGED MURDER 0 r A `'FIFE.—The i.nqueat
on the wife of Thomas Cowley, of Manchester, resulted'
in a verdict of Manslaughter. The prisoner was brought
before the Manchester magi strafes yesterday, and he
was committed for trie,l olp a next Liverpool, aseio:es.