The Sun.
London, England, 1840-07-09 00:00:00

Tlll4l, SUN. LONIION, 113 USDA, JULY 9; 184 t

me when be fired the first pistol ' • my horse reared I book containiN the history of thieves and murderers
on hearing the report ; I saw the prisoner take a being under tile dominion of Satan (I read it with
second pistol from his breast and take deliberate pleasure), I did not think that it would be a great sin
air„ ; he was about twenty yards off; I tried to ride to place myself among them. On tlae contrary, I ad-
at him—he fired and smi:cd. I saw a rna:k on the wall in mired their skill and their valour. I was particularly
rather a slanting direction from where he stood. It is such i
struck with the history of a young man who was
a rn.y.rk as a bullet might have made, about the size of the I
1 born of very respectable parents, and who had --
palm of my hand. A white mark. I have no doubt on
his property in gaming and -1 '
and -ruc
my own mind that it was ptodueed by it.
trvar.ds went c- .... ~,euattehery, a*-
, Cr3Fs-examined—l looked for the bullet but found none.
..u.ii place to place stealing 411 he. eonld.
Nor did I find any piece of brick.
Re-examined-1 have frequently seen r,•-
. aamired his cunning., instead .c.sf fe'...line h6irilled at it ;
(laced by firing bullets against
....„ marks pro. and now 1 reap but 'cob well the fruit of those papers
- -
fired in a slanting dir . _WAI i. The fist shot was and hooks which I had too long suffered to supplant
hill. ..,etton ; the second was fired up the devotional works, and this book—yes, thiS book--- :ca'
* '

Hon. W. 0 Stanley—l was in the Park on June 10,
Inst I was about 200 yards from the spot when the pistols
were fired. I w,s cumin. from the reservoir. I went to
the wall about ten minutes after the pistols were fired.
I saw a mark which aprared ti 'nave been decidedly
made by a pistol. I have frequently seen marks made by
pistols.

read by roe with MOre attention roan the Holy Bible,
Why so? ilc.s.cause my heart was under the dominion
bt Satan, ar.d I had forgotten for more than a
month to pray to God, or to read his word) and per.
haps I had not prayed to this Divine Saviour sincerely
and from the bottom a my heart for twelve months.
' Thou honourest me with thy lips while thy heart is

Crost-exajnined by Mr. S TAILOR—Where the bullet
oreck it appeared to me that the milt was circular.
About fourteen yards yards higher up the road there was
another fresh mark. I examined the wall twenty yards
on either side, and found no marks. I to-eked on the
ground, but s,itc no bullet. I m.ide no search, for I d'd
not think it likely I should find one. The height of the
wall is 14 or 15 feet.
Re-examined—l have no doubt in my own mind but
that the marks in the wall were produced by a bullet.
The Court then adjourne 1 for refreshment for a short
time.
(To be continued in our SECOND EDITION.)

far from me, wherefore thou honourest me in Vain, am
thy words condemn thee instead of justifying thew
But all I have just said did riot satisfy the wicked
desires of my heart. I have not been contented with
robbing my master, having satisfied the devil, when
slave [ was. My master thought the his guardian and
the protector of his property. Oh, what a Judas I
have been—of what sins have I not been gUilty 7 if
I ask myself what toentnandinint have 1 transgressed ?
my conscience tells Alas, I know well that 1
have taken 'ratan as my God ; this is contrary to the
first commandment. 2d. I have 'adored the riches
and the pleasures of this world, and I have loved them
►more than God. 3d. I have often taken the name of
the Lord in Vain. 4th. I have made the day of the
Lord my day of pleasure and amusement. sth. I have
disobeyed tkly parents. 6th. I have murdered. 7th
I have been in company with notorious debauchers.
Bth. I have robbed. 9th. I have spoken ill of my
nlghbour. 10th. I have desired the wealth of others.
God says, however, that he who transgresses only one of
his commands shill be excluded from the kingdom of
Heaven. He says that neither hypocrites, nor liars, nor
thieves, nor murderers, shall enter the kingdom of God.
I am, however, guilty of all these ; and the good actions
that I have done during my short life will not
weigh as much in the balance of the justice of God as
the wicked thoughts of my heart. If the transgression
of a single commandment couses me to be condemned
to death by the hand of man, what do_ deserve at the
hand of God after having disobeyed all the law, which is
the commandment of God ? What punishment do I now
deserve ? If, when I enjoyed a good character in the
eyes of men, I was an abomination in the sight of God,
what am I now before the Eternal? If I am the greatest
of sinners in the eyes of my feiow-creatures, how shall I
appear in the eyes of Him who knows all my actions, my
words, and my thoughts ? Condemnation and eternal
sufferings are the portion I deserve."
The following statement however shows that he-
had no occasion to dread either condemnation or
eternal punishment—on the contrary, that he was
assured of being received into the kingdom of
God :
" Oh ! my God, how guilty have I not been with
regard to thee ! Oh, wretch that I have been, have I
not rebelled against thee ? have I not done what is con-
trary to thy commandments ? and, however, after having
done all that is hateful in thy sight, yes, to thee alone
can I look for refuge and consotatien. Oh, Lord
receive see into thy eternal happiness, for the sake
of that Divine Saviour whom I have crucified afresh ;
yes, that Jesus, of whom, like St. Peter, I have
denied again and again ; whom, like Judas,
I have betrayed with a kiss ; whom I have scorned ;
and after all I have committed against him, he deigns
to call himself my friend, my Saviour, my advocate and
intercessor with God his Father, and promises me, at
the same time, repentance and humiliation, and through
the precious bloo I of the Lamb of God, I may be
washed from all my sins, and be fitted to be received
into the kingdom of God."
This is certified by C. Bauf, Minister of the
French ProteSta.nt Church in London.

THE BANK OF ENGLAND.

TO THE EDITOR OF THE SUN.

SIR—As your paper is to be found at all commercial
houses throughout_ the length and the breadth of this
land, and much nonsense is continually current respect-
ing the actual security of the issues of the Bank of
England, and its ability to discharge its obligations in
specie, miy I be permitted to notice through the medium
of your columns the extreme ignorance, which even in
otherwise well-informed circles appear to prevail on this
very important subject.
The cap:tat of the Bank of England is £14,553,000
Surplus as per last statement, Juno 23, 1840 2,249,800

Total £16,802,800
Of this the Bank has—

Lent to Government £14,686,800
Bullion in hand, June 25, 1840.. 4,434,00(,

Total. £19,120,800
And their circulation at the same date being
only 16,871,000

Leaves a surplus of - £2,249,800
in favour of the Bank of England.
So that if the present was a time of panic, and the
public should think proper to run on the Bank of Eng-
land, all that it would be necessary for the Bank of
England to do, would be to pay away specie to the
extent of 2,184,200/. being the difference between
14,686,800/. lent to Government, and 16,871,0001.
the amount of their circulation, and then to turn round
on the,Government, and say, have the goodness to give us
back 14,686,8001. of our notes. The Government would
turn round on the people and say," We have had of
the Bank of England, tor your use, and expended in
your" service, 14,686,800/. of their notes, and as you
are become so clamorous that nothing but gold shall
circulate amongst you, we must now trouble you for
these notes back again through the channel of either
loans or taxes, and there will be an end of your ability
to run on the Bank. of England, and of the Bank of
England's liability to yin, or any one else, for one
farthing."
In fact, we are arguing in a circle. The Bank of
England, after pa)ing in specie 2,184,2001., owe the
public 14.686,0001. in respect of its circulation of notes,
and the public, by the Government, owe the Bank
14,686,800/. ; ergo, the public have Government secu-
rity for every shilling of bank-notes in circulation, and
the Bank of England could pay in specie every note
that could be brought against it.
We have at the present time a Bank Committee sit-
ting, to discover, if they can, a remedy for the evils of
the present system. We have Joint-stoek Banks with
thousands of partners and millions of nominal capital
stopping payment, and throwing the whole country into
confusion. What is the only remedy? I will tell you.
Compel every concern, either joint-stock, individual, or
by whatever name it may be called, who may be allowed
the privilege of issuing promissory notes, to do what the
Bank of England in reality has always done—deposit in
the hands of the Government full security for every
shilling of paper money they may be allowed to issue,
and then let them manufacture Is., 25., 55., 10s., or any
other denomination of note that may suit their fancy,
to the end of time. _ _

The partners or contributors to such a security fund
will be apt to be very cautious on what security they
give out their notes, and may often quake for their re-
turn ; but no panics could arise, because the poor holder
could in no case be turned from the counter unpaid, and
the trade and commerce of the country instead of fluc-
tuating, as it now does, more often than the daily tide,
would not be exposed to the inexperience of some, or
the infatuation of others, but would be confined within
legitimate channels, and restricted to the wants of the
community.
The great prudence with which the Scotch banks
have conducted their concerns would almost warrant
their exemption, but their system, in principle, is equally
vicious ; and therefore, Sir, before permanent security
can be obtained for our circulating medium, panics pre-
vented or counteracted, and the trade of the country
" can hold on the even tenor of its way, to this corn-
plexion must we come."
A COMMERCIAL TRAVELLER.

Edinburgh, July 3, 1840.
[ln inserting this letter we must remind our readers
that we regard banking and the issue of notes as mere
private business, with which the Government has no
more concern than with weav'ng or spinning. We do
not agree with our Correspondent, therefore, in requiring
security from bankers any more than from other traders,
that they shall not issue any paper which they cannot
redeem. That must be left to individual prudence. His
is Mr. M'Culloch's plan, but we have never seen reason
to assent to it. The money lent to Government is so
much capital abstracted from use, and those who are
called on to lend it may not at the same time, though
they may be able to drive a flourishing business as
bankers, have, moreover, enough to carry on their busi-
ness. The Bank of England, it is plain, has not. Money
vested in public securities cannot be realised on a sud-
den, and though it would be an ultimate security, it
would be no guarantee, as we know from what happened
in 1826 and 1838, against a run on the Bank, and
against the danger of stopping. We have too little con-
fidence in the wisdom of statesmen to encourage them
to extend their meddling, and we would rather that
they should allow banking and banks to settle their own
affairs than interfere with what they do not comprehend.
Our acute Correspondent, too, omits to notice that
the Bank of England receives interest on the fourteen
millions it has advanced to Government, but it pays no
interest whatever on the fourteen millions borrowed
from the public ; on the contrary, in so far as it puts
its notes into circulation by discounting bills, it takes
interest from individuals for the use of the money it
borrows at no interest from the public. Does our Cor-
respondent mean that other banks are to play the same
game? Whether he mean it or not, they would ; and
the public would be taught by the Government taking
their security, that they had the sanction of the Legis-
lature for playing it. Though we do not agree with
our Correspondent, and have taken this one opportunity
to express our disagreement, and to make it once for