The Sun.
London, England, 1841-12-30 00:00:00

FROM THE MORNING PAPERS OF YESTERDAY.

• TIMES.—The premium on gold at'Paris is 6 per
mine, which, at the English Mint price of 3/. 17s.
101 d. per ounce for standard gold, gives an exchange
of '25.30, and exchange at Paris on London at short
being :25.471, it follows that gold is 0.70 per cent.
dearer in London than in Paris.

By advices from Hamburgh the price of gold is 428
per mark, which, at the English Mint price of 3/. 17s.
101 d. per ounce for standard gold, gives an exchange
of 13.6 i, and the exchange at Hamburgh on London
at short being 13.8, it follows that gold is 0.69 per
cent. dearer in London than in Hamburgh.
The President's Message, as far as the Stock Ex-
change was concerned, was not favourably received,
and the part which embraces the topic of the " right of
search," in connexion with the slave trade, was thought
to be of such menacing character that the value of our
Government securities, which bad, before the publish-
ing of this document, been buoyant and on the ad-
vance, rcl %lased about one quarter per cent., and left off
heavy. The only operation of magnitude we heard of,
to induce such a feeling in the market, was a sale of
50,000/. by the Bank broker.

The financial part of President Tyler's Message is
couched in the same cautious language which has
from the first distinguished his Cravgrnment ; there
is the design of establishing a fiscal agent that shall
be something less than a national bank, commonly
so called, and something more than a mere sub-trea-
sury. The "separation of the purse from the sword"
on the one hand, and the prohibition of operations on
the part of the bank-agencies, without the consent of
the States, on the other, are severally designed to offer
some concession to the two leading parties. The es-
tablishment of a Board of Control for the sake of
keeping the public monies would not be, we apprehend,
the serious point of discussion, and the question of the
issue of Treasury notes may rather he one of amount
than principle. The receipt of individual deposits in
bullion could hardly be refused, as it would seem unfair

to deny the public the use of so unquestionable a place
of security as the vaults of this federal institution,
though even here Mr. Tyler would limit the power
to prevent a sudden withdrawing of the deposits
from the State banks, to the manifest dainage
of the latter. The most debateable matter appears to
be the right of purchasing and selling domestic bills
and draughts, and many questions may arise how far
this right may be limited to distinguish this new agent
from an ordinary " Bank of the United States." All
discussion on this subject in its present state is indeed
premature, but it is important to know that there
will really be a fiscal plan emanating from the Exe-
cutive, and that the veto will not be the means of
deciding the fate of the next agent. If there be any
holders of American securities who are so blind as
to entertain a notion that the federal Government
will guarantee the State debts, they will do well to
observe Mr. Tyler's remark, that "for the debts con-
tracted the States alone are responsible." Indeed,
such a guarantee the holders cannot expect, nor hare
they indeed a right to require it.

lIERALD.--:The old established and respectable
banks of Dorricn, Magens, and Co., and Curries have
issued circulars conjointly to their customers and con-
nections announcing the consolulation or fusion of the
two banks into one for the futu►e, under the firm of
Curries and Co., to commence from the 31st instant,
and to be carried on at the more convenient premises of
Curries' bank in Cornhill. The demise of Mr. Thomas
Dorrien, it partner in the first-named bank, led, as the
circular states, to changes in the firm which tended to
bring about this union.