The Sun.
London, England, 1840-10-27 00:00:00

SURREY SESSIONS.

Yesterday the adjourned Quarter Sessions commenced
at the Court-house, Newington. The calendar contains
the names of forty prisoners for trial for felony, besides
eighteen for misdemeanours.

SINGULAR CASE OF ASSAULT.—The Court was oc-
cupied during the morning in the trial of Captain Philip
Hap, who was indicted for assauiting Henry Latchford,
a policeman of the L division, in the execution of his duty.
Henry Latchford deposed that he is a policeman of
the L division, and that between four and five o'clock
on the morning of the 31st of July he was on duty near
the Marsh-gate, in the Westminster-road. 'rho defen.
dant had some gin, which he and a cabman drank in the
street, and as complainant was in the act of walking
away, the defendant, who was on the box of the cab,
propelled a dart at him, which stuck in his hat.
The CHAIRMAN inquired what the darts were made
of?—The policeman produced the one which struck his
hat, and said that one end of it was composed chiefly of
worsted, and the other end, that which penetrated his
hat was like a large needle. It was handed round to
the Jury, who examined it, and also two othets of a simi-
lar description found in the defendant's pocket when he
was taken into custody. Although they were small,
yet they were exceedingly sharp, and might well be
considered of a very dangerous character when pro-
pelled with any degree of force from the long hollow tube,
which was also produced for the inspection of the Jury.
The policeman, in continuation, stated that imme-
diately on the dart being cast at him the cabman and
defendant drove off, but they were pursued, and the
latter was taken to the station-house. The complainant
added that the point of the dart had slightly scratched
his head, but the strength of the hat prevented it from
doing him any serious injury.
Henry Judson, another policeman, confirmed the pro-
secutor's evidence in all the material points, and in ad-
dition said that previously to the defendant blowing the
dart through the tube at Latchford he pointed out a
wound in the thigh of the horse which was drawing the
cab, and said that he had put one of the darts in it.
In his cross-examination the witness said that he bad
seen such an instrument as that used by the defendant be-
fore, and they were used for aiming at a target, and it was
called "puffing the dart." He was confident that such a
tube as that now produced would propel a dart twenty-five
yards. When the defendant pointed the tube at him he
threatened to knock him down if he discharged one of the
darts. Witness took the dart out of the prosecutor's
hat, and he observed at the same time that his head
bled a little from the point of the instrument striking it.
The defendant talked about his skill in the use of the
instrument, and said that at a considerable distance he
would pin witness's ear to his head with a dart, or that
he would put one of them in between any two particula
ribs in the aide of the horse drawing the cab.
The Chairman said that " puffing the dart" appeared
to be an extremely dangerous amusement, and that had
one of the sharp-pointed darts struck the prosecutor in
the face, instead of on the hat, there was no knowing
what injury it might have inflicted ; for instance, it
might have pierced his eye.
The Ju y fu d 'he prisoner Guilty of propelling a
dart at a policeman, but not maliciously.
The Clerk of the Court—Your verdict is Guilty.

The Chairman said the Jury had very properly found
a verdict of guilty against the defendant ; and, in order
to repress such dangerous acts in future, the sentence of
the Court was, that he pay a fine of 101. to the Queen,
and to be imprisoned until the fine be paid.
The defendant not being provided with the means of
paying the fine, he was taken into custody by the officer
of the Court, and locked up in the County gaol.

-- -----
BRIGHTON OCT. 26.—The great topic of
conversation here is the sentence of the Court-martial on
Captain R. A. Reynolds, which is admitted on all bands
—even by the msst violent Tories—to be too severe. Old
military officers, who have retired or are on half-pay, re-
gaard the whole proceedings as an insult on the army, and
ale not backward in avowing their opini9ns. Captain
Reynolds has been the objebt of general sympathy. He
NI as serenaded the night previous to his leaving for Lon-
eon, whence we understand he will proceed to the seat of
L Lis family at St. Notts.

FROM THE MORNING PAPERS OF THIS DAY.
(From the Morning Chronicle.)
We continue to receive numerous communications on
the subject of the late court-martial. If in every part
of the empire the feeling is very strong against the Horse
Gua..ds, the addition to the sentence ag,ainst Captain
Reynolds by tile court-martial is viewed with perfect
abhorrence. The public are not vet, we suspect, in a
cotidit.ion to with rstand all the bearings of this case.
Much private information, throwing a curious light on
motives, h,s been communicated to us, which it would
not be prudent to pubtish. At the military clubs very
significant anecdotes were told of some of the officers
on the court-martial, when the list of the names was
first published. Some surprise was expressed by
those not acquainted with General Sleigh, that he
should have acted with so littie delicacy in the case
between Lord Cardigan and the younger Captain
Reynolds ; this same General Sleigh having in India
been himself guilty of misconduct, for which he was
severely reproved by the Horse Guards. But there
is a " why for every wherefore." A correspondent
has this day, in a communication headed " Cardigan and
Sleigh," supplied us with a reference to a case in " James
on Court-martials," p. 751, from which it appears that
General Sleigh, when in command of the 11th Hussars,
was in precisely the same predicament as the Earl of
Cardigan. Lieutenant W. was prosecuted by Colonel
Sleigh, and sentenced to be cashiered. But the Duke
of York mitigated the sentence to half-pay. This is
only one of the many instances which prove how much
more just, considerate, and gentlemanly was the conduct
of the Duke of York, as Commander-in-Chief, than
that of Lord Hill. We do not believe there is a single
case on record of partiality or unfairness chargeable
against the Duke of York, whatever the rank of the re-
spective parties. Ilis Royal Higliness was utterly in-
capable of acting as Lord Hill has done in the cases
which have lately engaged the public attention. The
Duke of York contributed most materially to raise the
character of the British aemy ; the conduct of Lord
Hill, on the other hand, seems calculated to impair its
efficiency.

(From the Times.)
The first act of the great political drama, which be-
gan on the 15th of July, may now be slid to have
closed. At this period of the season it is evident that
the operations of the Allies in the East will be confined
to the occupation (weather permitting) of certain points
on the coast of Syria ; whilst the fill of the 'niers Mi-
nistry in France gives an entire and most important
change to the political relations of the principal parties
to the question. It has been evident for some weeks-.
past, that the Ministers of the Ist of March (if we may
adopt the French mode of classing their Administra-
tions by the calendar) stood in a false and untenable
position. On the one hand, they had sought to vie
with the most vehement of the Republican party in the
warlike declamation which the Mini sterial newspapers
were allowed to indu'ge in ; and they were so pledged to
their own measures of hasty and enormous military prepa-
ration, as to be driven to dictate language to the King,
which Louis Philippe refused to pronounce at the open-
ing of the Chambers. On the other hand, their real in-
tentions were far too pacific for that fierce and foolish
portion of the French people whose passions had been
rashly and unseasonably kindled. They at last dis-
covered that the war-cry of the Republican party, in
which they had affected to join, was only the " Car-
magnole" sung to another tune. The folly of foreign
war is already tainted nith the horrors of domestic trea-
son. The King has again been shot at ; the democra-
tic press is voanitieg forth a torrent of the wildest ele-
ments of anarchy ; and the Government found itself on
the eve of a direct internal collision, in the streets of
Paris, with that very, party of mountebanks and ruf-
fians whose insane clamour has been allowed to exer-
cise so unaccountable an influence upon the external
policy of France. To this inconsistency of position
M. 'niers must attribute the dissolution of his Ca-
binet. Whatever difficulties may await his succes,or,
this conflict of rash pledges to popularity and of para-
mount duty to the Crown will probably form no part
of th'm. Tee Ministry, supporting and supported
by the King, will have to oppose a consistent and
compact resistance to the excesses of those who de-
mand war beyond the frontiers and revolution
within them. At such a crisis, the utmost energy, the
most steady principles, and the most upright purposes,
can alone support the man who shall undertake this
task ; but upon his success depends the existence of the
French Monarchy. It may be presumed that M. Guizot,
who left London for Paris on Saturday with all possible
despatch, upon the arrival of a courier to announce the
resignation of M. Thiers, will be entrusted by the
King with the formation of the new Cabinet, and pro-
bably with the portfolio of Foreign Affairs, The au-
thority of Marshal Sault over the army was never
more needed ; and we may hazard a conjecture that
the Duke de Broglie will lend something more than an
indirect support to the Cabinet. As far as the affairs
of the East, and the difficulties arising out of the
Treaty of the I.sth of July are concerned, M. Guizot,
having been an eye-witness of what has passed in England,
cannot fill into the vulgar French error of distorting and
exaggerating the objects of that convention. He will not
easily ascribe to the English Government or the English
people, notions of aggression or aggrandizement,
which we have repudiated an hundred times over.
And, if it be still possible to obtain a hearing for the
language of truth and sense, an attempt will be made to
place the questions at issue between the two countries
o❑ their true basis, and to seek for means of peace in-
stead of grounds of war. But if M. Guizot is pecu-
liarly fitted to undertake this negotiation in France, he
has at the same time peculiar claims to the good-will
of this country. If any trumpery personal motives
of humiliation or of triumph have been allowed to as-
sume the aggravated symptoms of national enmity,
they are now at an end. At this moment all
needless retrospection and recrimination may be laid
aside. It is unjust to make every French Minis-
try bear the burden of all the faults of its predeces-
sors, against which it has no merits to set off but its
own. If England is in reality the mistress of the po-
licy of the Quadruple Treaty, and not its tool, she is
called upon to facilitate, on the part of herself and her
allies, whatever arrangements may be most condu-
cive to peace and a good understanding with France.
But if the arrival of a new Administration to power
in France allows us to urge the necessity of an amicable
adjustment, with sincerity on the part of England and
moderation on that of France, we cannot conceal from
ourselves that the existence of that Administration, and
of the institutions which it would defend, is a matter of
frightful uncertainty. The party which rallied round
the Throne during the first five years which succeeded
the Revolution of 1830 is divided and dispersed. The
ill-judged and extreme liberalism of one faction may
drive the other to measures of ill-judged and extreme
coercion. Unless the moderate parties in the Cham-
ber unite, as they have before united in the presence
of events not more formidable to the State than those
which now threaten it, no power can exist in France
to set bounds to the fierce spirit of anarchy and insu-
bordination, which would begin by war to end in revo-
lution. Upon the speedy formation of the Administra-
tion, and the success of its first measures, depends, at
this moment, the maintenance of the internal tranquil-
lity, as well as of the external peace, of Europe.
(From the Morning Advertiser.)
_ _

We have no wish to decry the well-earned fame of
Lord Hill as a soldier and officer. Both are graven on
the annals of their country, and have been remembered
by it with the gratitude which they deserve ; but while
we readily award him his weed of praise for gallantry
and skid in the field—for careful attention to his duty,
and strict execution of the orders of his chief, we c mut
but unite with the army under his command and tl e
public at large, in pronouncing his conduct as Comman-
der-in-Chief as deficient in that firmness, impartiality,
and lofty disregard of every interest but the interests of
justice, which ought to characterise it. Lord Hill was
never destined by nature to command ; he was born to
obey and to execute the commands of others. Under
the command of the immortal Wellington he was a us,-
ful officer ; but placed in command himself, he is wholly
out of the proper sphere to which he is adapted, and
the sooner that he quits the Horse Guards, and returns
to a position more fitted for the peculiar eapabiiiti s
and
i
bent of his mind, the better for the interests of his
reputation, and better far for the interests of the
British army. In his conduct in the late affair of
Captain Reynolds and Lord Cardigan, he
ehas struck
a blow at the honour of his high office, and the con-
fidence
which it ought to command, which nothing
can cure but the substitution in Lis
and more efficient commander.lnsilaee of a bolder
d.iecis.
ion is inde-
fensible upon every gronnd of justice
allows a court-martial to be held upon an
policy. He
proved temper and talents, and ptoin an officer of ap-
proved the said Court, a full and Ifet'lrefuses
opportunityhim,
defending himself—lie allows that
ca-
shiered, and retains to disgrace the
who had created the irre •
manifested in the regiment—he
penalty allowable h
Reynolds, and allowsYthernilltarY
es-
cape with a mere
goaded to an actof . reprimand.
insolence I an. of
officer. to be
me service the officer
irregularity and disobedience
. inflicts the highest
law upon Captain
Earl of Cardigan to
The person who was
insubordination by the perpetual
and petty insults of a domineering of
aristocracy, is fined to the
sion ; and the author of the
mischief, and who '
full tune sprig
of his cornms-
act—the generator of the
ought to have set an example to
his officers of the strictest prop riet of conduct—merely
. with nothing more than an admonition " to exercise
f moderation and forbearance," and a remark from the
Commauder-in-Chief which at eine establishes the

I guilt of the real culprit, and furnishes in the eye a
even-handed justice the most complete acquittal of the
accused and convicted officer, namely, that it was Lord
Hill's opinion that the numerous complaints which had
been made to him as Commander-in-Chief, would never
have occurred, if the Lieutenant-Colonel of the I Ith
Hussars had evinced a proper degree of temper and dis-
cretion in the exercise of his command." Triis remark,
we allow, affixes indelible disgrace to the name of Caedi-
gan as an officer in command of a regiment ; and if that
scrag of the aristocracy had the spirit of the humblest of
God's creatures in him—nay, if he were not in his own
mind a self-convicted offender, both in the Fesent, as in
a former case of equal notoriety—he would at once either
resign his command, or insist upon a court-martiel upon
his conduct. We doubt, however, whether he lute the
spirit to do the only act of reparation within his power,
or to dare the trial of a public examination into his
conduct. How Prince Albert will relish a decision on
the part of Lord Hill, which gives him, as his first le-
gacy in the Eleventh Hussars, such a colleague as the
Earl of Cardigan, remains to be seen ; but, rte confess,
we shall be surprised if' the matter of the ccurt-inar-
tial be allowed to remain where it is now left. A
gross injustice has been done to a meritorious officer—
a bad example has been exhibited to the army at large
—confidence in the Horse Guards' governim nt exists
no longer—a spirit of insubordination prevails through
every regiment—and if Lord Hill have not the grace
to resign an office for which he has shown such g oat
incapability and want of nerve, we hope that the coun-
try will come forward, and with one voice demand his
instant and permanent dismissal.
(From the Alorhing Post.)
We are happy to announce that there is every pro-
babdity of the French Ministerial crisis being of short
duration. We have every reason to believe that the
Royal Ordonnences appointing the new Mini,ters have
appeared in this morning's lifoniteur (Tuesday). There
was every expectation in Paris on Sunday afternoon
that the French Chambsrs would meet to-morrow
(Wednesday), according to the origival date of Cone
vocation, and that the King of the French would open
them in person with the customary Royal Speech,
M. Guizot was expected in the French capital on
Monday. On his arrival it was anticipated that he
would immediately accept the Foreign Department,
offered to hien and that he would cheerfully respond
to the call made on his patriotism, not to leave
the Crown without responsible advisers, after it
had been so cowardly and shamefully deserted by
M. Tillers. Marshal Soult exhibited great activity and
firmness. He was resolved to maintain public order
rind tranquidey, and, from his well-known decision, the
Propagandist agitators, now encouraged by the cx-
Minister, would know what they might expect should
any attempt be made to get up disturbances in the
capital. The Gallant Marshal, we learn, has expressed
his confidence that there were no substantial grounds
for the alarm so actively disseminated by the parti-
sans of M. niers. It is to be hoped, tor the sake
of France and of Europe generally, that prudent
and enlightened counsels may now dictate to pub-
lic men the necessity of mutual and honourable con-
cessions, whereby the peace of the world may be pre-
served, and the march of revolution .successfully arrested
i❑ its desolating progress.

(From the Morning Herald.)
When the mighty genius of ttie late Emperor cf the
French introduced those vast changes in the art of war,
which may be said to have created the military system
anew, it was said by some toot the martial science was
A'apo/coniscal. May we not say, with equal point and
propriety, if the Noble and Gallant Lieutenant-Colonel
of the Elevenili Hassars should much longer be allowed
to exercise his peculiar " temper" and "discretion" in
the comet Ind of British troops, that the discipline
of the army will have been completely Cardiganised?
Genius is manifested by origin dity, and can anything
more strikingly evince the original aptitude of Lord
Cardigan for command, than his mode of improving the
strength aid efficiency of the service by the cultivation
of habits exceedingly prolific of discord and dissension ?
In this there is some slight difference between Cardi-
gan nod Napoleon. Toe latter dealt in hard blows
against the armies opposed to him ; whereat Cardigan
deals his upon the army to which he belongs. We
know nothing of what his sword has done in the field,
but he takes care we shall know a great deal about
what his iedaence with the Horse Guards can do out of
it. If Napoleon had his victories of Marengo and
Austerlitz, has not Cardigan had his triumphs of
Canterbury and Brighton ! If the former had his
battle of tire Borodino, has not the latter had his battle
of the Moselle f We have attempted to drawn paral-
lel after the manner of Plutarch, and were about to pro-
ceed lorther by saying that what Wellington was to the
one of those great masters in the art military, Wathen
was to the other, but there we were stopped by recol-
lecting that the overthrow which Cardigan received from
Captain Wathen was, thanks to Lord Hill, not final
like that of Waterloo, and so the traan who was solemnly
and judicially declared to have forfeited the command
of one regiment, was selected as the best qualified to
commaml another. If this does not prove something
wrong at the Horse Guards, something that demands
being inquired into in Parliament, since no satisfactory
inquiry will be allowed out of it, we do not know what
does. it is true Lord Cartii,;aa has been reproved by the
order of the General Commanding-in-Chief ; but how
gently is the breath of official censure blown upon his'scut-
elleou, compared with the ju:lgment ofpnfessional
mination pronounce,! and executed upon his latest victim,
Capt. Rej nold, ! Of what sort of materials was that court-
m composed that could have adjudged Capt. Rey-
nolds to be cashiered, without breathing a whisper of
reproof against the character of Lord Cardigan. The
officers composing that military court, no doubt, were all
honourable men, and wished to do justice, according to
the best of their ability, between the prosecutor and
tire accused ; but we ask again, of what sort of stuff
was their intellects composed ? What sort of reason-
ing faculties did they possess to animadvert as they did
upon the evidence to character, without being able
apparently, to comprehend its value, as furnishing'
ground for reprimanding the conduct of the accuser
and extenuating the offence of the accused ? We do
not and cannot justif.ij the second letter of Captain
Reynolds, but it should never have been forgotten
that that letter was written only because a Very
civil reqtrst by the latter to Lord Cardigan, to ob-
tain some explanation or contradiction of a state-
ment exceedingly ant oying to the feelings of a gen-
tleman, was met with a degree of hauteur only
worthy of an eastern despot to an " Indian officer."
Such an assertion of authority as took place in this
instance is far more injurious to subordination and dis-
cipline than any frank and gentlemanly explanation
could hake been. We do not wonder that the public
sympathy is with Capt. Reynolds, and we trust it will be
evinced in a manner the most decided and unequivocal.
It is impossible, we should think, but the extreme
severity of the sercence upon Captain Reynolds must
become the subject of Parliamentary investigation, and
we think it ought to lead to a complete revision of the
system of Courts-martial. The affair of the " black-
Cottle" cannot, either, he allowed to remain where it is.
'l'h2 influence at the Horse Guards stifled military in-
quiry into that matter, but it cannot stiff,', a sense of
pulcic indignation, or the expression of public opinion.
We conclude these remarks, which a strong desire to
see military discipline maintained by means not revolt-
ing to the feelings of a fr,e people, and justice adminis-
tered equally to all classes of the Queen's subjects, have
drawn from us, by quoting the foilowit g passage from
the Globe :

1 antagonist position with public opinion, from which extri-
" The Horse. Guards have brought themselves into an
cation, without concession to the demands of impartial jus-
tice, is imposs:ble. The British nation ti justly proud of,
and grateful to, the service which has often turned aside
the battle from its shores by encountering and eenqu'ring
the foe in foreign fields. The entire army of the empire
looks up to the nation it has served and s wed, for protee.
tion and redress. And it must not appeal in vain. With
an unanimity absolutely unexampled in the history of
public queitions, the public press—irrespective of the po-
litical parties by the names of which its journals aro do.
s
• ,nat, d—has uttered its voice with a clearness and dtei
si„„ which must be heard and felt within the secret char;
hers f the Commander. in. Chief, though they be barri-
caded by the f rec. of secret influence against the claims of
justice. That voice has made the great ones of the earth
to trembl.., even when it bpake in accents less clear and
forcible than those it now utters ; and before it the puny
barriers which arc raised to screen Lord Cardigan from in-
mu,t. give way, and leave hint to the consequences of
conduct. ts hich, as it is now locked upon, has excited the
disgust, and drawn don urea him the condemnation of
es ery grade of the British community."

To BE READ BY ALL, AND DISREGARDED
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THE ItONIANTIC SCHOOL OF LITEBATUItE
---It is singular that a school of literature, so essenija •
,PPea.ted anon
popular as aFsratlnicaet , essit:obullids h endot andpresidediiavebad
moorveerfoltve victor
our own country, where it has undoubtedly a I
iethfceatures of the most
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history ; and contains
buos,di:vsh osommoes to
fp rt:b:buliyo,
s:, willre rnsuarpkpalyt
romance is entitled .. The siege
of FloucEctency. Hia
with minutQ ttrlietb
remarkable tiwea of modern latnadliNpnasi renoe," ar,cl QM-
toefrraibetleaila,nadn
dtlsico
many scenes am] incidents, in which
fantastic in human character
:ion am so skilfully
aaisimth
jeltill!woladie4sto
; impressed on the irnaginatin,, ~),
and intimately blended •
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foliftetrhaeryFficretinon.ch

EVENING EDITION.

MONEY MARKET and CITY NEWS.

(MONDAY EVENING.)
TI MES.—The passing of the law by the Portuguese
Senate relative to the settlement of the foreign debt
has not made any great impression on the Money Mar-
ket, as the details of the plan are yet uncommunicated.
The object of the second article of the law, by which
the Government is enabled to convert the existing funds
into new loans, is yet to be ascertained. As, how-
ever, the want of punctuality in payment, and not the
present form of the bonds, or the distribution of the
nominal interest, has been the grievance, this will not
be a matter greatly to interest the bondholders, unless
some special advantage be offered by the conversion,
which, from the proviso that neither interest nor
capital is to be increased, is not to be expected.
About the assignment of revenues for securing the
loans, mentioned in the third article, much in-
difference is shown, as it is considered that every
species of security has been fully pledged. There
is even a rumour that the Portuguese Govern-
ment intend merely to pay 50 per cent. on the
current dividend in December, and that then there
will be a pause before any serious proposal is made.
This rumour is probably founded on the fourth article,
which provides for the payment of the interest for the
first six months of the present economic year, in case
the agreement vvlth the lenders be not effected. As
this agreement would professedly be for a temporary re-
duction, the chances of its realization are of course pro-
blematical. It is thought, however, by persons well
acquainted with the feeling of the Portuguese Govern-
ment, that there is really no notion of offering 50 per
cent. for a single half year, but that this would at least
be given every half year, in default of some better ar-
rangement. The tone of the debates reported in the
Lisbon journals is at all events gratifying, as the bind-
ing character of the obligation was fully admitted, and
designated by one of the senators (M. Caldeira) as more
sacred than the national debt, being one to which was
owing the very existence of liberty in Portugal.
It transpired in the City early in the day, that Mr.
Sparkes, of the firm of Sparkes and Co., bankers of
Guildford, had been found drowned, and an apprehen-
sion prevailing that he had destroyed himself through
some embarrassments of the house to which he belongs,
the payment of its notes was refused by the London
house of agency until some proper explanations can be
obtained.

It has been stated in the City that French dealers
hare been sent to this country to purchase horses on
account of the French Government. In the first in-
stance, as the report goes, an offer• was made on the part
of the French Government to English dealers to supply
10,000, who refused, and communicated the request
to Lurd Palmerston. The French dealers are under
contract to supply 1,200 in six weeks, and are accord-
ingly active in buying up all they can that are fit to
go to work, giving as much as 271. to 301. a head,
whilst the ordinary price is not above 25/. Their con-
tract is stated as being for 4,00), and they have a ves-
sel specially chattered to convey them. Part of the
first supply is already shipped. They arc landed at
Boulogne, whence they are passed, under French
authority, for their destination. These facts arc so
circumstantially, as well as generally, stated, that there
cannot but be some degree of truth in them, and hence
many persons are looking for an order in Council to stop
the exportation of horses, as the only mode of proceed•
ing which can meet the exigency. Still, it must always
be assumed as possible in an affair of jockeyship that the
rumour, and all its circumstances, may amount to no-
thing more than an attempt to raise the price of horse-
flesh.

Private letters from Lisbon state that the Committee
of Deputies appointed to examine and report on the pe-
tition of the soap contractors have recommended that
the present export duty of 30 reis per pound be reduced
to I per cent., and also that for every 1001 b. so ex-
ported the import duty on 701 b. of tallow be returned
to the said contractors. It appears that the rate of 1
per cent. per month on certain acceptances of the to-
b icco contractors for 500 contos, to be discounted by
the Lisbon Bank, is to be made up by various allow-
a ices made to the bank in the mode of payment, toge-
ther with 5 per cent, per annum, the rate of discount to
whi,•h that establishment is limited by its charter. Her
111jesty's brigs Trinculo and Espoir continue at anchor
in the Tagus.

CllRONlCLE.—Notwithstanding the uncertainty
which will probably continue regarding the formation of
a new French Ministry until after the arrival of M.
Guizot in Paris, the English Funds opened with con-
siderable firmness this morning, under the impression
that a peace Ministry would succeed that of M. Tillers,
and that the intelligence from Syria was highly favour-
able to the settlement of the Eastern question. The
bUsiuess done was much more extensive than on Satur-
day, notwithstanding the uncertainty as to events which
still tends to keep down the market.
The news from Philadelphia •confirms our former
statement, that the Bank of the United States had
made arrangements for the payment of its debts to the
eastern banks by an issue of post notes in exchange for
ttiose payable on demand. The only establishments op-
posed to the transaction were the North American and
Farmers' Mechanic, but they are comparatively weak,

and the plan can Le carried through, even if they should

c,utinue opposed to it. The hostility of these banks
will at once account for the character of the circular

from the Directors of the former, which appeared in our
City article of Saturday.
There is not a syllable of truth in the statement of

the New York Herald as to Mr. Jaudon's having had
toy misunderstanding with the managers of the Bank of
the United States, or of his intending to withdraw from
the concern. Mr. Jaudon's whole time, on the con-
trary, has been devoted to the affairs of the institution
during his visit to America, and he considers the re-
sumption of specie payments in January as virtually
settled. The promised statement of the affairs of the
institution was ready to hare been sent by the Great
Western, but being made up only to September, it was
deemed more advisable to delay its transmission so as
to make the report include the present month, which
will render it more satisfactory and complete.
The opinion is that General Harrison's election is
secured, and that, as the change of financial policy then
to be adopted by the government of the United States
will necessarily require the employment of a fiscal agent,
the Bank of the United States may possibly again as•
sumo the influence of a national establishment. This,
however, is given as a mere contingency, rendered more
probable and easy of accomplishment by the known
friendly feeling entertained towards it by those who
I kely would form part of the Harrison administration ;
but the citizens of New York are understood to be ad-
verse to any such arrangement.

POST.—The bank of Manchester, which, it will be
recollected is under the especial care and guidance of
Mr. J. B. Smith, the currency theorist, has recently
written off from its reserved surplus fund the sum of
100,0001. for bad debtt.i. contracted prior to the year
t=37. For reasons Osst known to themselves the
Directors of this bank allowed its shareholders and
the public to believe in the existence of a surplus fund,
of which the considerable proportion of a hundred
thousand pound:, is a fiction, for the space of upwards
of three years. Why the delusion should at length
have been removed, does not appear, but it is surely
time tim.t a barking institution, with a capital of pro-
f seedly no greater amount than 740,0001. or
thereabouts, should be able to state within one hun-
dred thousand pounds, the value of its assets,
particularly when it is so fortunate, as in the pre-
sent instance, to be under the vigilant su
perm tenderce of persons who are proclaimed on high
a Ithority to be competent, not merely to manage a pro.
vi icial bank, but even to regulate the monetary affairs
of the country at large. The surplus fund of the bank
of Manchester is now placed at 36,642/., or about
5 per cent. upon the capital. This, while it seems to
be barely sufficient to serve as a guarantee fund for a
company conducted with undoubted prudence, and ac-
cushotaaed to account, at short intervals, for such losses
as may Ou incurred, is certainly quite inadequate for a
c mcern which suffers a term of no less than three or
four years to elapse without making any deduction of
a like nature, although, during the same period, care is
taken that dividends shall be paid answering to the full
amount of profits realised, irrespective of the contingen-
cies attendant upon all banking business.
'We hear, with regret, that some demur has occurred
in the payment, by a London house of akency, of the
notes of an old and most respectable banking establish-
ment in Surrey. We refrain from naming the parties
alluded to, in the hope that whatever difficulty exists
may be overcome, in which case it will be not only need•
1.3, but improper. We will merely add that the house
drawn upon is certainly one of the highest standin7 in
the city of London, so that no irregularity in that quarter
can for a moment be supposed to have led to the demur
in question.

eovco HERA L D.—The funds improved again to; claY:b ieh
c in only be attributed to the fact of pricesharvi
si ni_e ce i v over
ed t
better from Paris. Private letters from pa
d ty announce it as a fact known is respectable quarters,
that. agitation of the present cri,is in affairs has af-
fected the Monarch so strongly as to bring on a fit of
apoplexy, from which, (layover, it (lops not appear that
any immediate danger was apprehended. Altogether these
Puente accounts are extremely gloomy, and the writers,
who are both of respectable sr:lmhoff mid mx with high
people, are more desponding in tone in their communica-
tillioeus than in any which have heretofore been received from
since the commencement of the present complica-
"4tion of the timesS remarked a. .
"1"
frirei4n affiirs It 7 - s one of the worst
lately wasthat-' the Syro-Egyptian question,which
had almost the
one all-absorbing subject of excitement,
that the abdication
to occupy public attention ; and
the consequent..ation of Queen Regent Christina, with
confusion
of
aff:ivrserthrow of the French party, and
would have set all p,l" Spain, which at another time
anee in a blaze of agitation, scarcely
gave rise to a
passinguortie,m, remark, either in the press or
paemAorz
to.thebtpe;tacpleco.
gaily
engrossed
especially the latter, ap-
with the contemplation
of matters- of home, that
'scuring some
Internal movement io the form
situation, as- expecting and le,o,domestic
.for with the
great
-.- t a revolution. There
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