The Sun.
London, England, 1841-04-13 00:00:00

perstition extant, mixed up with even grosser motives
(in the shape of fees) for maintaining the practice.
(From the Courier.)
We would not be alarmists, but it is impossible to
shut our eyes to the crisis which seems impending in
Irish affairs. The Tipperary tumults may be, and
not improbably are, the precursor only of risings and in-
surrection elsewhere on a more extensive scale and in a
more disciplined state of preparation. It is only neces
sary to mark the hard duty imposed upon the military,
to be satisfied that circumstances in Tipperary alone are
really of a more formidable and unfavourable character
than what upon a first and cursory glance would appear.
" The orders of the military are to scour the disturbed
districts day and night in bodies of twenty-five and thirty,
and to be in constant readiness for active duty at five
mi-
nutes' warning. In the meantime, the work of blood-
shed and outrage progresses with fearful rapidity.
Two more murders were committed in the broad day-
light yesterday on the lands of Curraghmore, in the pa-
rish of Kilbarron. The names of these unhappy victims to
Ribanism were Tierney and Gleeson. Major-General
Sir Parker Carrole, the commanding officer of the dis-
trict, has been served with a Rockite notice, warning
him to bo prepared for the fate which momentarily im-
pends over him, in consequence of ejecting a woman
from some land, the same being in direct contravention of
the Riband code. Assuredly the county would not be
filled and overrun with soldiery, unless upon the dis-
covery of some conspiracy and combined plan of
insurgent operations, with ramifications more widely
extending, than could be traced in a few examples, which,
horrible as they are, may be the fruits of private revenge
consummated in the most appalling form of Irish murder.
Unless the most rigorously repressive measures are ap-
plied, and that, without delay, the Tipperary flames may
swiftly catch in a country so deeply..nnpregnsted with
the infi tremable spirit of O'Couneliite disloyalty and
disaffection.

MONEY MARKET and CITY NEWS

FROM THE MORNING PAPERS OP YESTERDAY.

HERALD —The greater casineas of money which im.
mediately precedes and accompanies the payment of Oivi-
deeds has the natural effect, in the absence of countera,t-
ing circumstances, of improving the value cf funded as of
other securities. There are, however, many reasons
why no great advance can be, anticipated for some
time t) come in the prices of stocks, of which the
gravest may perhaps consist iu thu very heavy detruands
which, sooner cr later, are likely to be made upon
the money market to supply the v tstly increased want;
of the two Exchequers of France and England. It will
vainly he endeavoured to carry on the national business,
and c irry over large yearly deficiencies of income as com-
pared with expenditure, much longer without recourse to
actual loans. Nothing can he more haz irdoas to public
credit in ca,e of any untoward aspect of public or of com-
mercial affairs, t` an the existence of an unwieldy floating
debt in the shape of Treasury or Royal bonds in the one
country, and Exchequer Bilk in the other. Wi:h re-
spect to the British Treasury in particular, it is now only
that the disastrous and discre litable consequences are
beginning to be discovetable of that enormous blunder
of the Penny Pest quackery. Tho most easy and Last
burdensome tax of all others upon the community has
been at:andoned, and the amount vainly sought to be
replaced by supplementary lc:4,st'. bearing upon all
cIiSSC3. The rich and easy have been relieved, and, as
ia the new Pooh-law, at the expense of further oppression
of the poor. Such has been altogether the course of re-
form legislation in the free trade and politico-economic
whether f.,,cally, commercially, or pohieslly. The
Fenny-post to be sure is to " improve the morals " of the
people, for which salutary end one million of annual reva-
nue, puyalle solely by those best able to afford the tax,
has been sacrificed.

TIM E S.—The publication this morning of the perio-
dical return by the Bank of France, presenting the exact
situation of that establishment for the last three moetha,
has been much noticed by the men of business in the City,
who feel how much may be done towards the reform of
~ur own most defective and ill-managed bank, in placing
c instantly before them the example of the operati ;n of a
system so superior in all respects. This superiority is
alike shown in the ferns of the return, and in the charac-
t,r of the business transacted by the Bank of France. Of
:shit the securities of the Bank of England may con.
Gist is left on the face of their periodical return wholly
a matter of conjecture, and the English public
would never have possessed any information in the matter,
bad it not been wrested from them by Parliament, during
the va•ious imperfect inquisitions which have taken place
into their affairs. From these the fact is disclosed that
the greater part of their securities are such as no prudent
Bank ougf t to possess, that their means are monopolized
by the " dead weight " mot tgages on land, in the taking
of which they have contrived to spoil the market of the
p-iyate capitalist, and to curtail their own power of gisiag
proper assistance, at the proper time, and in the proper
manner, to the great commercial interests of the country.
But the defect of the periodical returns of the Bank of
England is far greater in the comparison with those of the
Bank of France, when it is considered that they wholly
conceal the extent of their connexion with the mercantile
interest. It would be something to know what portion of
their assets consists of bills of exchange, but even this is
withheld, as if the study of the Bank was not merely to
furnish the least information possible, but to furnish no in-
formation at all.

In tlle instance of the Bank of France all is clear, ex-
plicit, and most satisfactory. The bulk of their means
consists of bullion and bills of exchange, the farmer ac-
tually exceeding the amount of their ncr e circulation ; and
their pubic securities are, without doubt, as clay and sure
of reidization a; a good bili of exchange at maturity. Not
the trace of a " deadweight," or of a mortgage. To make
these observations more fatelli,ible, and to avc the trouble
of reference, the return of the Bank of France is here re-
printed :

Francs.
Amount of bullion on hand
Commercial bills discounted
Cash advanced on the security of bullion
Cash advanced on public securities
Capital of Branch Banks 12,000,000 00
Branch banks, debtor
Amount of reserve according to the law of 1834 10,000,00 A 00
Amount vested in public securities
Hotel and furniture of the Bank
Sundries 457,746 73

478,958,557 04

CONTRA.
Bank-notes in circulation not comprising
branch banks
Notes payable to order ..
Treasury account current 90,950,412 96
Sundry accounts current
Receipts payable at sight
Capital of the Bank
Reserve according to the law of 1834
Fixed reserve
Unclaimed dividends
Draughts of branch banks outstanding .....
Sundry accounts •• • 3,753,228 34

478,958,557 04
AVERAGE OF THE POSITION OF THE BANK DERING THE

LAST QUARTER.
Average amount of bullion on hand 230,182,500 00
Average amount of bills discounted ..... 128,310,500 00
Average amount of advances made on the se-
curity of bullion 18,262500 00
Average amount of the advances upon public
securities
Average amount of the accounts current of
the branch banks

7,026,000,00

8,788,800 00

CONTRA.
Average amount of bank-notes in circulation 227,137,500 00
Average amount of notes payable to order... 1,355,500 00
Average amount of the Treasury account
current
Average of sundry accounts current 55,044,500 00
Receipts at sight ... 5,326,000 00
The trading interest of this country are indeed deeply
indebted to the French Gcvernment for the model thus
prevented of a straightforward account, and a judicious
admiaistration of a public bank ; and if the repetition
of it does not shame our incompetent Ministry—incom-
petent generally, but utterly so on this subject—into a
reform of the Bank of England at the first occasion which
gives them also the power cf doing so, then the case is
utterly and permanently hopeless.
Independently of oleic management, other cir-
cumstances connected with the Bank of England
have, as it would appear from various letters re.
ceived on the subject, struck foreign merchants with
astonishment. They have seen for years past the
selection for a share in the management so badly
of the Ybotiorrd opfartdiairlelyetionmadafet,er t
ahna_t
as well as corruptly
ootnheer mheamsl3:.irther failed or. passed through the Gazette as
acbdartniks,ruwphto.
haldn
htheeenlaDsternattance of the kind—that of Mr.
it3hueyy-hGaovernor and Governor of
way
observedhis that a great
the Bank in succession—
less was sustained in a direct vva failure,dnKith
thontul
grehr
losses. perhaps, through friends of his) introduction
the fact must have been known to the lea
of the moneyed interest that he was insllvgent membersdurin
the whole period in which he occupied a seat in the
Bank direction. He was, besides, a Director in va-.
rieus other Companies, which duties, if properly per-
formed, would bare left him no time for t e onerous
duties of the Board in Threadneedle-street. The Dr,
sent Governor of the Bank, Sir John Pelly, is Governor
of the Hudson's Bay Company and Deputy-Master of the
Trinity.hsuse, besides other scarcely less important claims
on his time. Thus the whole is rendered utterly bad and
vicious, and can never acquire that essential quality for a
chartered bank, a perfect claim to public confidence.
Such is the apathy of Parliament on this rubject, that
the merchants seem to be left to the silent operation
of the comparison w:th the management of the Bank of
France, from which, however, as these returns will now
take place periodically, they arc not unwilling to hope tha
some ultimate good may arise.

" Two young Englishmen," says the Gazette
des Tribunaux, "after breakfasting the day before yester-
day at the rcatsurant of the Maronniers, at Bercy, were
crossing the bridge, from the Quai de la Rapee to the
Qusi de la Care, when one of them took off his pa'etot
and hat, gave them to his companion, and plunged bead
foremost into the river. Some bargemen bearing the
splash, but not having seen the previous preparations, im-
mediately went off in boats, and, as the diver rose to get
surface, seized him and carried him ashore, in spite of his
remonstrances, and the joyous laughter of his friend who
remained on the bridge. The bargemen conducted their
dripping prize before the Commissary of Police, in order
to prove their claim to the reward given by the city to
those who save drowning persons. How this question
may be decided we know not, but the Magistrate bud great difficulty in dissuading the young Engli4iman from lodg-
ing a complaint against the bargemen for causing him to
lose a wager he had made with his fellow countryman,
that he would jump from the bridge and swim down to the
Pont d'Austerlitz I"