The Sun.
London, England, 1841-11-10 00:00:00

£VENINC46*N.

I FINANCIAL EMI A. SSMENTB
1 OF ENGL - •64 .. •
The Courrier Francais has le under the above
title, is which, after stating, b. it on .what authority
dyes not appear, that " the Blofierloid
Paring to apply to the Bank o ct faiTtoh. suc-
cour," says is. pre
" Two years ago, when the Bank of England made
its first application to 113, some suspicious persona ad-
vised that a refusal should be given. We were not of
the same opinion. France was the ally of England, and•
nothing at that time indicated the unworthy conduct
which, he British Government subsequently pursued.
The fall of the Bank of England might have been a ge
tastrophe for Europe, and although neither our capitil
nor oar credit was engaged, we thought that France was
bound to.. be generous,. and she was so in • saving the
credit of our neighbours. What gratitude have we re-
ceived ? It is time to say. English pride, that mad and
ridiculously ungrateful pride, was hurt at the itlya of owing
anything to ns. For a long time eight or tell London jour-
nals periodically reproached the Bank of England with the
humiliation which it inflicted on English commerce by
receiving money from the Bank of France. Then arrived
the events of Syria, in presence of which that commerce,
so proud of its pacific virtues, did not find a word to say
against the Machiavel au petit pied, which was compro-
mising the peace of the world 'ay transferring the alli•
ante of England with France to Russia. At length we
became in want Of money in our turn, and M. llemann
talked of borrowing ; at that moment Whigs and Torie
cried out in concert in the journals, at the Bourse and
in the offices of the Bank, "Button up your pockets,
draw tight
_your purse-strings, take care of your moneys
and do not let the French have any of it." We will reply
in the same way ; we will be selfish in our
turn. The English have told their capitalists not
to lend us any money ; we will advisee our capitalista
not to lend theirs, and this will not be going be•
yond the limits of legitimate reprisals. Besides, the
state of credit in France does not permit us to be genes
rous a second time. We have to provide for the trite-
rest of the loan of 150 millions—considerable capital is
wanting for the execution of the railways which are
contemplated, whether it be for Companies or to tho
State. This is not the moment to send our specie abroad
in exchange for paper, the value of which becomes more
and more doubtful every day. The situation of Eng-
land is known, and it may be stated in two words, The
labouring classes are without employments
ttel bread
is dear. The stook of corn on hand is sas
e.v.ituist etl—
two millions of quarters of foreign corn 'nave been im-
ported—and there is none in attar_ It is calculated
that from two to three millie:ds of
will be necessary to meet quarters more
the' deficiency occasioned._
by a bad harvest• Thin, corn must be had chiefly
from Poland and the
Crimea, where it must be paid
for in species consequently the Bank of England,
which is they P'.tnd depot of specie, will have so trawls
the I,ess` order to judge of the extent of the danger,
it is "11'. mta.ut to state- th-c precise situation of the sank
C Since the month of September, the eireu-
,-
-.nig medium of the Bank in paper money has increased
38 millions of francJ., whilst the metallic reserve which
ought in the same proportion to have increased 13 mil-
lions, has diminished 12,827,000 f. The paper circula-
tion of the Bank of England is 437 millions (of francs),
and for all the Banks of the United Kingdom 900 mil-
lions, and to meet the demands for reimbursement the
Bank of England, the base upon which the entire edifice
of public credit reposes, had on the 16th. of last month
only a reserve of 108 millions. In such a state of things a
bank is not very distant from a suspension of payment.
It will be said, perhaps, that a loan of 50 millions of francs
would save the Bank of England. If this were the fact,
notwithstanding the too well-founded complaints of
France, there might be ground for hesitation as to a refusal,
But we should, by lending money to that establishment,
merely prolong its dying pangs. its constitution is not
robust enough to resist the financial crisis which periodi-
cally. result from the commercial legislatiorof the coun-
try. So long as the English Government shall not have
reformed its Corn-laws, the credit of the bank must go
on declining. The English attempted, in a similar situ-
ation, to keep up the American banks when they were
shaken by the extent of their speculations. It is known
that the attempt failed, and involved the Bank of Eng-
land further in the financial shipwreck of the United
States. Let thi:i example, which is of so recent date,
serve us as a lesson. We should no more be able to save
the Bank of England than the English' were able to save
the Bank of the United States. We shall act prudently,
therefore, to allow the storm to pass over our heads,
whilst we take shelter from its effects."

PARISIAN CHIT CHAT.
(From the Quotidienize.)
Discord is in the camp. The rue de Courcelles is
arrayed against the chateau of St. Cloud, and for the
last week Queen Christina has closed her doors against
M. Guizot and Count do Salvandy, the French
Ambassador to the Regent Espartero ; even the Duke
d'Aumale, the to-be-son-in-law of Christina, according
to the choice of the Debals, has no longer accc as to his
mother-in-law in prospective. since be refused to diaw
his sword and go to the rescue of his intended, who re-
mains a prisoner amongst her rebel subjects. There cer-
tainly is a screw loose between Christina and the Orleans
family, each reproaching the other with the unsucceisful
tarmination of the O'Donnell echauffouree. At St. Cloud
the ex- Regent is accused of having compromised the
French Government, by a badly-planned and not feasible
enterprise ; Christina, on the other hand, reproaches her
noble relations with the non-fulfilment of their promises.
All these recriminations of disappointed ambition would
only scrve to be laughed at were not the name and in-
terests of France mixed up in the affair, and we might
say of Queen Christina and of M. Guizot, as of Le-
clerc and of his friend Cures—

" lfais aussitot quo l'ouvrags a paru,
Plus n'unt voutu l'avoir fait Pun ni l'autre."

The Duke d'Aumala is not, however, the only one
who is wit a pied in consequence of defe..t of
O'Donnell. M. de -S-atiancly himself feels like a fish
out of water. 0116 hour be receives an order to start
for his post, the next he receives a counter-order. He
goes from the Foreign-office to Saint Cloud, and front
Saint Cloud to the Foreign•office, and the only con-
solation he derives in this equivocal position is from
seeing the daily announcement in the Court para-
graph, that " Count de Sslvandy, Ambassador from
France to the Court of Madrid, was received by the
King." It appears highly probable that he will not
start at all. This calls to our mind the misadventure
which happened under the regency of Anne of Austria
to the poet Benserade, who bad been appointed to an
embassy by Cardinal Mazarin, but who never ;vent to
his post, which called forth the iol!owit g piece of
pleasantry from Scarron, in one of his epistles :
" L'an quo le Sicur de Benserade
N'alia pas a son ambassade.
The political dinners of M. Demidoff are be4inii!ng
to create a sensation. M. Thiers, it is well known, pre-
sides at them ; M. Guizot is uneasy at them ; and
Count de Pollen liughs at them. At the List dinner,
the Quintus Curtius of Napo!con proved that the Rus-
sian campaign was badly conceived and badly directed,
and that the Emperor committed blunders which he
(M. Tillers) would not have been guilty of. M. Demi-
doff, who looks upon himself as the nephew of the Em-
peror, considered himself called upon to defend the
plans of campaign of his uncle. M. Demidoff and M.
Wert are to go together to explore the fields of Smo-
lensk° and Moscow. Mow. Dosne and Mme. Demidoff
are to be of the party, for which permission is to be so-
licited from the Emperor Nicholas.

---
The Londoners are, it appears, to be gratified by
having French plays this winter. Mr. Mitchell, a
gentleman well versed in dramatic affairs, has been here
beating up for recruits. Carligny, Volnys, and Mdllc.
Avenel, set off in a few days. Dejazet will go over in
March, and Bouffe and :Mlle. Plessy in April and May.
A sensation is created in the salons of Paris' by the
project of reform about carrying out by Count &Oran'',
who is going to sbdicate the throne of fashion, and retire
to Brussels, where a grandc dame of his acquaintance
has just purchased an hotel. A rival in dandyism Con-
soles himself with the idea that when D'Orsay his la,
" he shall sport the finest umbrella in town."