The Sun.
London, England, 1847-10-27 00:00:00

N, WEDNES DA_Y EVEN tO, OCTOBER 27, '647.

The rate of interest exacted on the deposit of Consols
was as high as 12 per cent., while for the discount of
bills that of 10, if not of 12, per cent. also was de-
manded. Such being the case, the disposition which
had been manifested to embark once more somewhat
riotously and recklessly in stock and share specula-
tions has been materially checked. The proposi-
tion of Government, to the effect that the Exche-
quer shall participate in the extra gains of the
Bank, tends to the same result, since such a
proviso must necessarily cause a disinclination on
the part of the directors to run risks by which
their position may be rendered materially more
difficult than it has been. It is evident that they
mean to be as sparing in their accommodation as
circumstances will at all admit of. The private
bankers have, as we had foreseen, become more
liberal towards their customers. In the rates lately
payable in Lombard-street, however, we do not hear
of any essential alteration. The minimum has, per-
haps, so far, fallen little below seven per cent. per
annum.
According to the prevailing rumour on 'Change,
the house of Messrs. Scott, Bell, and Co., the sus-
, pension of which took place on Saturday, has re-
sumed payment. It is agreeable to hear this, and it
may be hoped that one or two more of the solvent
firms which have been obliged to stop, owing to the
impossibility of procuring discounts, will be enabled
to follow their example.
Letters from Copenhagen of the 15th instant, in-
serted in the continental prints, state that the Bank
of Denmark had raised its rate of discount for domestic
bills to 5 per cent., and for foreign bills of exchange
to 6i- and 7 per cent.
HERALD.—The principle upon which the relax-
ation of the Bank Charter Act was conceded by Mi-
nisters yesterday, and its probable consequences, have
been the subjects of natural discussion in all circles in
the City throughout the day. The bankers in the
City have in practice generally adopted the minimum
rate of discount fixed by the Bank of England, so
that there is no abatement of the terms upon m hich
accommodation is afforded to the commercial classes.
Every person, therefore, acquainted with the state of
the country for years past is perfectly aware that such
a rate of interest for money cannot be paid for bor-
rowed capital employed on the average in production
and interchange ; and it is obvious that it cannot be
maintained for any length of time. The certainty,
however, of obtaining money on valid securities will
enable all persons so situated to avoid making sacri-
fices of property for temporary purposes, and as con-
fidence is restored matters will resume their ordinary
course. The propriety of extending the indulgence to
Government Securities, Exchequer-bills, &c., is still
strongly doubted in consequence of its presumed ten-
dency to induce speculation on the Stock Exchange.
The objectors, however, have omitted to notice,one
very strong reason for adopting this course—viz.,
that Sir Charles Wood considers a rise and fall of
Consols for the account the only correct criterion of
the condition of the country. The observation which
we threw out last night, that the rate of interest on
loans would not only operate as a check on the pur-
chase of Stock for speculative purposes, but would
rather induce reflecting persons to sell for the purpose
of employing their capital more beneficially, will, we
apprehend, be found in practice correct. 'We have
lan evidence of this to-day in the fact of Exchequer-
bills having been sold at 20s. discount, which clearly
shows that the holders consider the loss of 1 per cent.
the least of two evils, compared with borrowing upon
them at the rate of 8 per cent. per annum. There
was indeed a vague" report circulated around
'Change that the Bank had asked at the rate of 12
per cent. per annum for some stock offered to-day
on deposit, but we could trace it to no authority that
could be relied on, and therefore it is not entitled
to credit. It will be some days before the positive
effect of the measure can be properly ascertained, and
the manner in which it is received in the provinces
made known.
ADVERTISER.—The effect of the Government
measure has been felt in a sensible degree, and yet
not in the slightest manner so as to give an impulse
to speculation. The private bankers, following the
cue presumed to have been given by the Bank of
England notice of yesterday, have been more liberal
with their customers. It must not be supposed, how-
ever, that they are inclined to take in bills not
founded upon the most legitimate business transac-
tions. The effect of the measure will be simply this.
Parties who are really entitled to support will have
it; but, inasmuch as every prudent man must be
aware that, in taking the bills of houses which have
traded beyond their capital, he is jeopardising his
own money, we should imagine that no one in these
times would be so indiscreet as to run a risk. We
feel satisfied, from what we have heard, that the feel-
ing in the Bank of England parlour is such as
will not be likely to infringe seriously upon
the substantial principle—good or bad, it is
not now our object to inquire—of Sir Robert
Peel's Currency Bill. If, however, the public
mind is tranquillised, and the capitalist, no longer
in anxiety himself, will freely assist others, all
that it is at present desirable to accomplish will
be effected. We are aware that many parties were
surprised at the high rate of interest recommended,
because the Bank of England had previously been
taking in bills at a lower rate. Perhaps it would
have been more judicious to have made a distinction
between advances upon bills of exchange, and those
upon stock. These, however, are not times for
" nice" differences, and we shall probably find that
speculation is in no way fostered by the wholesome
removal of the trammels imposed upon the Bank.
Had the latter exhibited more consistency in the re-
gulation of the current rate of interest, it is probable
that we should have found the Government more
willing at the present juncture to leave the rate of
interest at the discretion of the Bank. It will be an
important question, however, as to how long it may
be expedient to maintain this rate.
The improvement experienced to-day has been felt
in the produce markets, and there is an advance to
be noted in the value of several articles. Without
desiring that any undue rise should take place, we
may remark that produce has of late ruled so ex-
ceedingly low, and entails such serious loss upon the
importer, that much relief would be afforded even by
a temporary and partial rally. On the other hand,
the period has arrived when the cultivation of produce
in the colonies must be carried on at a lower cost,
and more in proportion to the general scale of Euro-
pean prices.

7 10

6 5

5 5

X. s. d.
... 35,94 S 7 4
... 44,856 0 2

562 17 0
367 17 4
644 18 6
60 0 0
447 17 9

200 0 0

2,723 12 9

1,500 0 0
1,689 3 0

89,000 13 10
983 8 0

1,200 0 0

COURT CIRCULAR.
WINDSOR TuEsDAY.—The Queen and Prince
Albert walked this morning, early, in the Slopes and
Home Park.
The Royal Family took walking and pony exercise.
The Duke and Duchess of Bedford, the Earl and
Countess of Westmoreland, the Right Hon. Sir
Robert and Lady Peel, and Air. Brooke, took their
departure from the Castle to-day.

A deputation from the City of London, consisting
of Mr. R. L. Jones, Mr. Deputy Harrison, Mr. John
Dixon, Mr. T. H. Hall, Mr. Condor, and the City
Remembrancer, had an interview with the Commis-
sioners of her Majesty's Woods and Forests yesterday,
at their office in Whitehall-place.
Mr. M‘Gregor, M.P., and a deputation from Glas-
gow, had an interview with Lord John Russell yes-
terday, at his official residence in Downing-street.
Mr. Pope, Speaker of the House of Assembly of
Prince Edward's Island, and Mr. Edward Palmer,
M.P.P.—a deputation from that colony—had an in-
terview with Earl Grey yesterday, at the Colonial-

office.
Messrs..dward Palmer, J. Askew, William Grif-
fiths, J. Sterry, Edward Collinson, Richard Moser,
A. J. Biscocks (architect), W. R. Glasier, and George
Corner—a deputation from St. George the Martyr,
Southwark—had an interview yesterday with her
Majesty's Commissioners of Woods and Forests, on
the necessity of taking immediate steps for the com-
mencement of forming a new street through that
unhealthy and depraved district, the Mint.
The Metropolitan Sanitary Commission held a
meeting at Gwydyr House yesterday.
A deputation from the operative cotton spinners of
Lancashire, consisting of George Johnson, Henry
Turner (Bolton), and James Kellsale (Ashton), ac-
companied by Mr. C. Hindley, M.P., had an inter-
view yesterday with Lord John Russell.
A deputation from the Windsor, Staines, and
South-Western Railway Company, consisting of Mr.
Chaplin, M.P., the Hon. F. Scott, M.P., the Mayor
of Windsor, Mr. Reid, Mr. Chadwick, Mr. Campbell
(Secretary to the South-Western Railway), Mr.
Drake, and Dlr. Horn, had an interview yesterday
with the Commissioners of her Majesty's Woods and
Forests.'
Mr. Guthrie had an interview yesterday with Earl
Grey.
Mr. C. K. Murray had an interview yesterday
with Lord John Russell. Mr. Sowerby and Mr.
Campbell had also interviews with his Lordship yes-
terday.
A deputation from the Junior United Service Club,
consisting of Major Pole, Captain Clarke, Mr. Mac-
laurin, Captain Baron, and Mr. Delmar, had an inter-
view with
Forestswdp
eiatpthue
httahe
deputation
of Con ofommissioners of her Majesty's Woods
off yesterday evening fru
yesterday.
Dispatches Governor g
overnom the
of Gibraltar were sent
s
Quadrant Improvement
Colonialt
.offi
Mr. iNcieo ss
s
Asso-
ciation,
icoannsdistminrg.
Newton
Mr.ton (e
inter-
view with the Commissioners oqetary), had an
and Forests yesterday. her Majesty's Woods

THE QUEEN DOWAGER AT MADEIRA.--Retty.Ad I
,11:1.1, rI.;,::riNsK.U.B., Cotnrutoirier-in-(Th.iei
of the ChannA fleet, hs.s hen ordered to 'send oillier a
steamer or sailing vessel once a month to Madeira, for
the conveyance of letters to and from the Queen
Dowager.

13, Great Marlborough-street.
N OTICE.-LIVES OF THE QUEENS
OF ENGLAND.
By AGNES STRICKLAND.
The ELEVENTH VOLUME will be published with the Magazines
on the Ist of November, and those who desire to obtain copies
are requested to send their orders without delay to their respectrive
booksellers.
Henry Colburn, publisher, 13, Great Marlborough-street.

THEATRE ROYAL, DRURY-LANE.
M. JULLIEN'S ANNUAL SERIES OF CONCERTS.
For One Month only.
Ninth Night of the new Swiss Quadrille.
Third Night of "La Figlia del Reggimento."
PROGRAMME FOR THIS EVENING.
Pear I.—Overture. " Oberon," Weber—Quadrille, " 'I he Minuet,"
Jullien—Solo, Clarionet, Mr. Lazarus—Valse, "Le Desir," with
variations for the whole of the first and second Violins, Tenors,
Violoncellos, and Contra Basses, Beethoven—Recitative and Aria,
sung by Miss Dolby, Mozart—New Quadrille, New descriptive
Quadrille, The Swiss Quadrille, Jullien.
Part I I.—Opera, " La Figlia dcl Reggimento," grand selection, with
Solos for Cornet-i-pistons, Oboe, Clarionet, and Bassoon, performed
by Herr Koenig, Mr. Barret, Mr. Lazarus, ani M. Bauman,
Donizetti (third time). "La Figlia dcl Reggimento" is considered
Donlzetti's chef d'oeuvre du genre, and is the Opera in which Mdlle.
Jenny Lind created the great sensation, during the last season, at
her majesty's Theatre—New Polka, " Carriole," Kcenig—Symphony,
"Jupiter," The Andante, Minuet, and Finale. Mozart—National
Song, " The Swiss Girl," suns by Miss Dolby—Valse, " The Bridal,"
Jullien—Solo, Violin, M. Balaton, &Linton —Quadrille, "The Standard
Bearer," Jullien.
The Concert commences at Eight.
Promenade and Boxes, is. ; Dress Circle, 2s. 6a.

nished. Their example was universally followed, until
there was not a sufficient circulation to supply the
wants of the country, and commerce, trade, and in-
dustry were paralysed from the want of adequate
representatives of value. During the past month
there has been an abundant supply of specie, more
than 8,000,000/. in gold being locked up in
unprofitable idleness ; but the directors were com-
pelled to adopt the same suicidal policy, from the
absurd law by which they were controlled and de-
prived of the slightest power or discretion. Lord Asu-
BURTON, in relating the history of the former period
says—" The credit of the Bank, for all domestic
purposes, was perfect. There was no man in the
country who was not ready to take its paper
as a means of circulation, and to give even his gold
for it the moment he was assured that his neighbour
would take it from him again. The gold was not
wanting to send abroad, the state of the foreign ex-
changes. forbade it; there was, thetefore, no fear of
depreciation of paper. The necessity and pressure
was purely domestic. What was wanted was some-
thing which everybody was disposed to trust as a
substitu.te for what everybody distrusted, and the
paper of the Bank of England answered, in such a
state of things, the purpose as well as
gold. It may be said to have done so
even better, as being more transmissible and
reaching more readily and rapidly the points where
it was wanted." It would scarcely be possible for
any one t o have drawn a more accurate picture of the
recent state of the country. During the entire panic
there has not been the slightest imputation on the
solvency or stability of the Bank ; "its credit for all
domestic purposes was perfect," "the state of the
foreign exchanges forbade the exportation of gold, and
what w:ss wanting was something that everybody was
disposed to trust," viz., a sufficient issue of Bank paper
of the smaller denominations, or, better still, national
notes receivable in payment of taxes, and secured upon
all the resources of the country. Much instruction
may be derived from the succeeding paragraph of his
Lordship's statement. lie says, "In this state of
things the remedy for the difficulty was obvious, and
immediately agreed to by us. Although the Bank
had no specie left, a large additional issue of notes
was made, and about 1,500,0001. of notes of 11.,
which were accidentally found to be in existence,
were circulated ; the relief was immediate, the country
received a circulating currency in which everybody
had entire confidence, and the useless geld was returned
to the Bank." And such would now be the case if
U. notes were sent out to take the place of sove-
reigns. Notes for 51. are too large to be used in
the ordinary and everyday transactions of life, and
consequently gold is essential ; but in Scotland
and Ireland, where small notes are tolerated,
they are readily received, and there is even a general
desire to exchange gold for the notes of the banks
in which confidence is reposed. Why, then, should
11. and 2/. notes not be sanctioned; and why should
not silver—the standard of value in all the continental
states—be made a legal tender ? Is the ri-
diculous statement of Lord LIVERPOOL, "that
as England was the richest country in the world it
should use the richest standard," to be considered a
sufficient reason why we should submit to its con-
tinued rejection, why merchants, with a large supply
of silver, should be unable to find a pur-
chaser therefor, without exporting it from
our shores ? The public now entertain sounder
views on these matters, and they will no longer sub-
mit to all their interests being sacrificed to the main-
tenance of an absurd theory. The Parliament must
speedily be assembled together, and we doubt not
that the result of the legislative enactments of
the ensuing session will be to liberate our trade
and commerce from the fetters in which it
has so long been enchained, to carry out to
the fullest extent the glorious doctrine of free trade,
and to effect the abolition of every species of mono-
poly. But the people must be active and energetic ;
they must not rest satisfied with the victory that has
already been attained; but their present success should
only stimulate them to increased exertion.

THEATRE ROYAL, HAYMARKET.
Under the Management of .11*. B. Webster, sole Lessee.
THIS EVENING
Will be presented a new and original Play, called THE HEART
tND THE WORLD. Sir George Hallerton, hart., Mr. Brindal ;
Osborne, Mr. A. Wigan ; Thornton, Mr. Howe ; Vivian Temple
Mr. Creswick ; Walter Ashbrook, Mr. 11. Vandenhoff ; Transit, Mr.
Gough; Laura Hallerton, Miss Julia Bennett Mrs. Delmar, Mrs.
W. Clifford ; Florence Delmar, Miss Helen Fancit ; Lady Parabout,
Mrs. Stanley ; Miss Parabout, Miss E. Messent
Aster which, the Drama of THE ROMANTIC WIDOW.
To conclude with a New and Original Farce, called WHO'S MY
HUSBAND ? Doctor Mull, Mr. Tilbury ; Daniel Tootles, Mr. Keeley
L.
Mrs. Smith Thompson, Mrs, W. Clifford ; Sophonisba Mull, Mrs. L.
S. Buckingham ; Sally Starch, Mrs. Humby.
Stage Manager, Mr. Farren; Actg Manage, Mr. F. Webster.
Boxes, Archer, Boxin-book keeperr.
Boxes, Is. ; Pit, 3s. ; Gallery, 2e. ; Upper Gallery, Is.
Doors open at Half-past Six, Performance to sommence at Seven.
•

THEATRE ROYAL, ADELPIII.
Under the direction of Madame Celeste.
TIIIS EVENING
Will be performed the celebrated Drama, called THE GREEN
BUSHES ; or, A Hundred Years .Age. Murtogh, Mr. 0. Smith ;
Dennis, Mr. Cullenford ; Jack Gong, Mr. Paul Bedford ; Grinnidge,
Mr. Wright ; Captain Dartois, Mr. Worrell ; Madame St. Aubert,
Madame Celeste ; Geraldine, Mrs. Yates; Nelly O'Neil, Miss Wool •

gar
To conclude with the Burlesque, entitled TAMING A TARTAR.
Count CracTvieninski, Mr. Worrell ; Kickerwhiskl, Mr. Paul Bed-
ford ; Mrzourki, Mr. Wright ; Ivan, Mr. Munyard ; Monsieur Cott-
pee, Mr. C. J. Smith ; Strelenski, Mr. Cullenford ; Coentess Craco-
vieninski, Miss Woolgar ; Mazourka, Madame Celeste.
Boxes, 4s. ; Pit, 2s. ; Gallery, Is.
Doors open at half-past his, Performance to commence at Seven.

ROYAL LYCEUM THEATRE.
Under the Management of Madame Vestris.
Sole Lessee, Mr. Charles Mathews.
THIS EVE SING,
Will be presented a new Farce, called LIGHT DRAGOONS. Lord
Alfred Martingale, Mr. Charles Mathews ; Albany Lovelorn, Mr.
It. Roxby ; Dr. Rhatany' Mr. Frank Matthews ; Mrs. Crowsfoot,
Mrs. C. Jones; Matilda, Miss Howard.
After which, a new Comte Drama, entitled THE PRIDE OF
THE MARKET. Principal characters by Messrs. Buchstne, Leigh
Murray, Granby, and Parselle ; Miss H. Gilbert, Mrs. C. Jones, and
Madame Vestris.
To conclude with THE TWO QUEENS.
The Interior of the House has been entirely re-designed by Mr. W.
Bradwell of the Colosseum.
Mess Boxes, Is. ; Upper Boxes, 4e. ; Pit, 2s. ; Gallery, ls. No
half-p'ice to any part of the house.
The New Box-office, No. 2, Wellington-street, is open to the
Public every day, from Ten to

PRINCESS'S THEATRE.
Engagement of Mr. MACRE ADY and MISS CUSHMAN.
THIS EVENING
Will be performed Shakspeare's Play of KING HENRY VIII.
King Henry Eighth, Mr. Cooper; Cardinal Wolsey, Mr. MacreadY ;
Queen Katherine, Miss Cushman ; Anne Boleyn, Miss Susan Cush
man; Lady Denny, Mrs. Selby; Patience .Miss A. Romer.
After which Shakspeare's Comedy of KATHERINE AND FE-
TRURIIIO. Petruchio, Mr. Cooper; Katherine, Miss Emmeline
Montague.
To conclude with the comic DramaLADIES, , BEWARE r
Dress Circle, s. Boxes, 4s • Pit, 2s. • Gallery , ls.
,

ROYAL SURREY THEATRE.
Lessee, Mrs. F. Davidge, No. 1, Davidge-terrace,Kensington-road,
Surrey.
THIS EVENING, October 25, 1847, the performances will
commence with the celebrated Opera ot
THE ENCHANTRESS
Duke D'Aquilla, Mr. 11. Horncastle ! Don Sslvia, Mr. W. Harri-
son ; Ramir, Mr. 13orrani . Stella, Miss Romer.
To conclude with Mr. Bunn's Farce of MY NEIGHBOUR'S WIFE.
Mr. Somerton, Mr. F. Fining; Mr. Smith, Mr. Oaberry ; Mr.
Brown, Mr. Attsvood (his first appearance) ; Mrs. Somerton, Mrs.
11. Hughes (her first appearance these live years) ; Mrs. Smith, Miss
ebecca, Isaacs ; Mrs. Brown, Mrs. R. Hughes.—Stage Director, Mr.
3. Ellis.
A distinct entrance to the private boxes has been made (which
have been re-fitted). Private boxes may be had nightly of all the
principal Librarians ; and at the Box-office of the Theatre, which is
spen daily from Ten until Four.
Boxes, 2s. ; Pit, Is. ; Gallery, 6d.

ROYAL VICTORIA THEATRE.
TH
Will be presented a new Drama, entitled THE MERCHANT'S
CLERK. A Love Story.
After which, an entirely new Drama entitled THE BOTTLE, from
Eruikshank's celdrated Work of the same name.
To conclude with the Ballet of THE FARMER'S MAN.
Boxes, is. ; Halt-price, 641.; Pit, 6d. ; Gallery, 3d.
Doors open at Six, to commence at Half-past Six.

ASTLEY'S ROYAL AMPHITHEATRE,
Proprietor and
SI Manager, lir. William Batty.
TH EVENING
The Grand Spectacle of THE CATARACT OF THE GANGES.
Entirely new Scencs in the Arena, by the talented Artistes of
the Establishment, in UK: various modes of equestration.
To conclude with the Ballet, NORAII, THE PRIDE OF KIL-
DARE.
Bex-office open from 11 till 5.
Actin; and Stage Manager, Mr. W West.

11E WEATHER.—Sum OFFICE, OCT. 27.
TELEB,MaXETER, Lowest, 45; Highest- 50 ; Noon, 50.
BAROXETER, 30.4.
WIND S.S.W.; morning, rain; afternoon, cloudy.

Pal WATER AT LONDON-DRIDGF. THIS DAY.
Morning.. 15 minutes after 2. j Evening .. 39 minutia afer 2.
. .

His Royal Highness the Duc D'A.UMALE has
evidently taken the Earl of ELLENBOROUGI' as his
model as a rhetorician. The first Proclamation ad-
dressed to the Arabs and Kabyles by this illustrious
and experienced warrior since his appointment to the
Governor-Generalship of Algeria, is redolent of the
sweets of oriental oratory. Brief as it is, we might
readily cull from it masterpieces of hyperbole, and
passages evincing in the youthful Prince the most
poetic fruitfulness of imagination. Its introductory
sentence announces with a grandiloquent flourish the
appointment of his Royal Highness to the Govern.
ment of the Franco-African dominions, extending
from the frontiers of Tunis to the boundaries of
Morocco. The Due D'AUMALE immediately after-
wards becomes sententious and reminiscent, casting a
very pretty paragraph before his foreign lieges, a
paragraph which, figuratively speaking, must prove a
nut rather difficult to crack even between the jaws
of an A
of a Kabyle. Accord-
ing to theab o
nsrpethteeth
aspect in
in which this vice•regal nut
may be regarded, it will appear on examination
The concession of the Government to the general either as a bullet or as a sugarplum. Thus speaks
demand made by persons of every class, for a relaxa- the oracular Governor-General of Algeria :
tion of the extreme stringency of the Act of 1844, " You have learned by experience, 0 Mussulmans !
has awakened the liveliest joy in all parts of the how powerful and formidable is the arm of France,
country. Every one feels as if some grievous burden and how just and clement is her Government."
had been removed, and that at length he might rea- Certes it is the aesthetic sage in " Rassel "as cl. 'scours-
sonably hope that his exertions would be crowned ing to the immaculate but very gullable prisoners in
with success. Already the manifestations of return- the valley of Abyssinia! "By experience," 0
ing confidence are apparent, the gloom and depression Mussulmans ! you have acquired this exquisite cepa-
are rapidly passing away. The stoppage of many bility of appreciating the justice and clemency of the
houses of acknowledged solvency, but which were French Government, as well as the power and the
placed in jeopardy from the impossibility of obtaining terror of its armed legionaries. By experience !
discounts upon any terms, however exorbitant, has Witness it the desolated homes of the Mahometans,
been averted. In the general rejoicing, the the ravaged territories of Kabylia, the bombardment of
limited character of the indulgence and the Morocco, the assassination by slow fires in the cavern,
high rate of interest which is thereby rendered the cannon. balls of DE JOINVILLE, the fusillades of
necessary, appear to be forgotten. The great BUGEAUD, and the blazing faggots of LaasoßreieuE!
facts, that the restrictions on a sufficient circulation Witness it those terrible crimes of military depravity
have been suspended, and that, as the most talented and civic spoliation which have dyed the blue and
supporter of the present, or we should rather say the white of the tri-colour with blood, and likened the
late, system has admitted, " a fatal blow has been standard of France in Algeria to the red banner of
given to PEEL'S Bill!" have, for the present at least, the desolators of Borneo! Justice and clemency forsooth !
contented the people, and removed the objections that it is the justice of RADAMA.NTHHS and the clemency
would otherwise have been offered to the stipulations of VALENTINO. Having indulgedin this delicate fan-
contained in the letter announcing the intentions and f
arronade, his Royal highness endeavours to clothe
wishes of the Government. It would certainly have himself with the remembered lustre of his predes
been more graceful, and in every respect more cessor. Still addressing the unbelievers—" You have
desirable, if a full discretion had been af- made your submission," he says, "to the Marshal,
forded to the Bank Directors as to the and you hare had proofs of the kindness of his go-
nature and extent of their operations. They vernment : you must bear in recollection that he ho-
would, of course, have been in daily communi- noured the great, protected the feeble, and was
cation with the Government as to the manner in which equitable to all !" So voluble is this panegyric upon
they might act under the new state of affairs, and the Duc D'IsLY that we could almost attribute it to a
would have yielded a ready assent to any reasonable sincere conviction of the integrity of the French po-
suggestions of the Ministry. They might even at licy in Northern Africa, arising out of an incompre-
first have adopted the high rate of eight per cent. as hensible perversion of judgment did we not remember
the minimum at which they would have discounted the parentage of the Due is'Aualisms ! All this hy-
mercantile paper, or made advances upon any de• pothetical benignity on the part of Mareschal
scription of security, public or private ; but the fixing B„„„ i 3 attributed, with filial partiality, to the
an invariable rate of interest, which, under any cir- reigningSovmsmx. Is the Governor. General described
cumstances, is not to be departed from, appears too greatness and
as great and generous after victory ? His
like an attempt still to maintain a self-acting regulation, generosity spring from the bosom of the KING ! Is
to meet with much favour. The desire, too, that the BUGEAUD depicted as the respecter of the property and
entire profit of the extra issue should belong religion of those who wore the turban and marched
to the public, while the Bank had to encoun- under the glittering symbol of the crescent ? Both
ter all the labour and all the risk, was hardly worthy preservation to the
property and religion owe their
of the rulers of a mighty nation. In such a crisis, KING I Is the conqueror of Isly said to have evinced
the better course would have been simply to have throughout his administration an inexhaustible good-
suspended the Act of 1844, so far as it related to the ness ? That goodness is declared to have been
issue of Bank of England notes. The course merely the indirect effusion of the goodness of the
that proved so effectual in 1825 should have been KING! Thrice does the proclamation pronounce this
followed as closely as possible. An issue of one- loyal asseveration—" It is the KING," C'est le Roi !
pound notes then preserved the national credit, and Yet clemency, generosity, and justice are the attri-
why should not a similar course have been sanctioned butes of the Sovereignty,
and the Sovereignty of the
at the present period ? If there was to be any de- Constitution of July was diffused by the revo-
parture from the law, if an Act of Indemnity was lution among the ranks of the people, and
rendered necessary, why might not full powers have not concentrated, according to the primal
been at once granted ? axiom of feudality, in the person of the Mo-
There was a striking similarity between the state NAECII! These evidences of beneficence are attri-
of affairs in December, 1825, as described by Lord butable, therefore, immediately to the nation, and
ASHBURTON in his able pamphlet—" The Financial not mediately to the SOVEREIGN. And yet Louis
and Commercial Crisis Considered"—and those of PHILIPPE, through the proclamation of his son, arro-
the present period. The causes that led thereto were gates these national Mtn
of rtes
to himself individually;
not alike, but the results were singularly so. On like the travestied copy of a greater Loins, he seems to
the former occasion there was really a dearth of specie babble to the ragged Kabyles and Arabic tatterde-
-the gold was nearly drained from the Bank coffers. malions that adage.of irresponsible authority—"L'esas,
But 1,027,000/. alone remained in its cellars on e est nzoi !,,
Saturday, the 17th day of December. Previously While his 'li oval 'highness the Governor-General
thereto the directors had by every means in their ; of Al,,eria is strivitiz to pccrkre. for himself a spurious
power attempted to restrict the circulation, arid to ! ~1 1.,.t ' ley ~ , -rlilicati.)2l of the-,, grandiloquult
e ir y !ii, 1.-L
hoard all their resources ; but the panic increased under —the Deputy of Macon—
hat harangues, a simple deputy
t treatment, and their bullion was rapidly dimi- lis striking a blow at the dynasty of the anointed

ORLEANS! The blow is levelled through a provincial
newspaper, and is conceived in the daring heart of
a poet, a dreamer, and an historian—ALPHONSE DE
LAMARTINE! The ultimatum of the illustrious De-
puty of Macon, originally printed in the Bien Public
of that town, and copied yesterday into our own
columns, is the compression, into a few brief but
emphatic requisitions, of that spirit of disaffection
towards the degenerate policy of LOUIS PHILIPPE,
which has been long fermenting in the mind of every
liberal Frenchman, and which has latterly betrayed
its existence, its earnestness, and its audacity in a
succession of Reform banquets, convened not merely
in the capital itself, but in the principal cities of the
more important departments. M. DE LAM ARTINE
has sympathised in the dissatisfaction of his
fellow-countrymen, and his voice has at last re-
sponded to their enthusiasm. After weaving an
historic crown for the memories of ROUGET DE
LISLE, of TuEorniLE FERNIG, and of his heroic
sister, TELICITE FERNlG—the bard and the amazons
of the " Great Revolution"—ALruoNsE DE LAMAR-
TIT:4I; evinces a solicitude to struggle himself for the
realisation of those seductive visions of freedom
which evoked the immortal strain of the Marseillaise,
and the memorable valour of those young and beau-
tiful girls, who courted death amidht the murderous
volleys of Jernappes. Time can alone show whether
FELICITE and TIIEOPHILE fought in vain in the ranks
of France, or whether the aspirations of ROUGET DE
LISLE were to remain unrealised, until explicitly
enumerated and explained by a kindred bard—the
poetical historian of the Girondists.

political importance, and nations again look up to
the Roman Sea for assistance, when all other tails.
If the cantons of the League would attend to our
advice, we would tell them Anticipate the action
of the chief of your Church ; adopt him as judge
of your scruples, your fears, and your apprehen-
sions, with regard to the encroachments on your reli-
gious freedom, which you, right or wrong, attribute
to your brethren, and abide like faithful Christians by
his pious decision."
The Journal des Debate publishes a letter from
Berne of the 23d, which contains the following :

" Yesterday evening, as Mr. Peel was returning on
foot from a party in the suburbs of Berne, he was
rudely stopped by a sentinel. Mr. Peel asked him if
he understood French. The man replied in that lan-
guage that he did so perfectly ; but in German desired
the Minister to follow him to the guard-house, and
there lodged him without any regard to his station.
Mr. Peel in vain exhibited his permit of residence,
and was detained several hours, subjected to the insult
of rude and gross language. He was not released
until an officer of the police came in and recognised
him. Mr. Peel laid a complaint before the governor
of Berne, but it w as, it is said, treated very lightly
by M. Ochsenbcin, and it is expected that the repre-
sentative of England intends to demand a more suit-
able satisfaction. If it be true, but which we con-
tinue to doubt, that the Government of the Free
Corps has found some sympathy in the representative
of Great Britain, it must he confessed that it answers
to this very badly ; and this simple fact is quite
enough to give the measure of respect in which our
Liberals hold personal liberty."
The above, if not a positive fabrication, is no doubt
a gross exaggeration. The Berne correspondence
of the Journal des Debuts is for the most par
written at the Foreign-office in Paris, and the scribe
employed by M. GUIZOT to manufacture Swiss news
sometimes gives too free a rein to his imagination.
The Union Monarchique repeats, with details, the
report of 'the intention of the Bank of France to
subscribe for a portion of the new loan. This journal
says-
" The council of the Bank of France has decided
that the Bank should take part in the new loan to the
extent of 25 millions. This decision was preceded by
a very warm discussion. Several members main-
tained that it would not be very proper or dignified
for the Bank of France to take an interest, in a
degree subsidiary to a private banking-horse, in a
loan the conditions of which it had neither discussed
nor regulated. Notwithstanding these observations,
the majority pronounced in favour of a subscription
fur the tenth part of the loan, at whatever rate it
might be taken by M. de Rothschild, who thus re-
mains sole master of the conditions. What is re-
markable is, that this decision was come to on the
report of N. Hottinguer, whose name was the only
one at first pronounced at the Bourse as likely to be
at the head of a company of French bankers to send
in a tender in opposition to M. de Rothschild."
The Constitutinonel confirms this report. It says-
" The Bank of France seems to have resolved to
take an interest of 25,000,000 f. in the new loan. It
is said that the Ministry has some weight in this deci-
sion. In fact, it appears, that the applications to the
receivers-general and the stockbrokers for shares in it
come in very slowly, and the Ministry conceives that
the news of the co-operation of the Bank will bring
the loan more into favour with the capitalists. A
morning journal has said that there is reason to believe
that this resolution of the Bank will be followed by
a petition to the Government for its authorisation to
increase the Batik capital to the amount of
90,000,000 t. ; but we have reason to believe that, at
present at least, nothing of the kind is in contempla-
tion; and, in fact, it is not when it is purchasing
Rentes that the Bank can have any need for enlarging
its capital. Without entering into a premature dis-
cussion, we shall content ourselves with observing that
the Bank, by taking at this moment an interest in the
loin, exposes itself to have reflections cast upon it.
People will ask why and how it happens to be able to
buy stock, when it has not cash enough in hand to
lower its discount to its primitive rate ? Now, it will
be feared that this reduction in the rate of discount, so
much desired by commerce, will become still more
remote by the sinking of the disposable capital of this
great establishment. These are the points which the
Bank ought to reflect upon before it comes to an irre-
vocable decision."
Accounts have been received from Algiers to the
20th. The Akbar publishes a proclamation ad-
dressed by the Duc D'AumAnE to the Kabyles, an-
nouncing his appointment as Governor-General of
the colony.
The Illoniteur Algerien states that two razzias took
place on the 13th and 14th on the territory of the
Ahtnyanes Gharabas, to the south of Sebdon, who
abandoned 15,000 sheep, 240 camels, a number of
horses, and a considerable booty, to the hands of the
French and their native auxiliaries. The utmost
tranquillity continued to prevail in the provinces of
Algiers and Oran, and hostilities had ceased in the
neighbourhood of Gigelly since the attack of the 3d.
A nominal rise of prices occurred on the Paris
Bourse on Monday. Scarcely any business had been
transacted. The Three per Cents. closed at 75f.
50c. ; the Five per Cents., 114 f. 80c. ; the Orleans
Railroad Shares, 1,161 f. 25e. ; Rouen, 902 f. 50c. ;
Havre, 512 f. 50c. ; Great Northern, 526 f. 25c. ;
Avignon, 520 f. ; Vierzon, 533 f. 75c.; Bordeaux,
453 f. 75c. ; Troyes and Montereau, 230 f. ; Dieppe,
245 f. ; Bask, 148 f. 75c. ; Paris and Strasburg,
390 f.; Tours and Nantes, 370 f.; Paris and Lyons,
382 f. 50c. ; Lyons and Avignon, 473 f. 75c. ; Belgian
Two-and-a-Half per Cents. 51.
MARSEILLES, OCT. 21.-Marseilles and Avignon,
520 f.; Northern, 523 f. 75c.
LYONS, OCT. 23.-Paris and Rouen, 898 f. 75c.;
Avignon and Marseilles, 521 f. 25c. ; Northern, 525 f. ;
Paris and Lyons, 380 f. ; Orleans, 1,157 f. 50c.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, OcTocEa 26.
Boulogne and Amiens, 13i -Namur and Liege, .5-
Northern of France, 11%-Sambre and Meuse, 6-West
Flanders, 13/1.

A letter from Bologna, of the 16th, says—
" Letters from Ferrara state that, instead of eve
cuating the city, the Austrians have doubled the
posts, and have fired on the people. This event is
related as follows :—A young man having passed be-
fore an Austrian sentinel with a cigar in his mouth,
the soldier gave him a blow with his bayonet. A
struggle then took place between the young man and
the sentinel ; and the soldiers of the post fell on the
young man, and struck him with their swords. A
priest having taken his defence was also ill-treated.
The people of the city became irritated, and assembled
around the guard-house, whereupon the Austrians
seized their arms and fired on them. The population
desired to sound the tocsin, and to avenge themselves
for the excesses committed by the Imperial troops,
but Cardinal Ciacchi calmed the people, and at the
same time caused the young man, who had been ar-
rested, and who was grievously wounded, to be given
up to the Pontifical authorities. Numerous patrols
' of Austrians on foot and horseback traversed the city
of Ferrara during the whole of yesterday."
A letter from Rome of the 12th says—
" The Prince de Canino is still under arrest in his
palace. It appears that proceedings are being insti-
tuted against him ; it is not astonishing, that it certain
dynastic circumstances be remembered, this personage
should inspire the Government with apprehension
It is said that M. Ferriero, who was Chargé d'Affaires
at the Hague, is to be sent to Constantinople to pre-
sent to the Grand Seignior the compliments of his
Holiness, and,that he is to proceed thence to Washing-
ton on an extraordinary mission. The congregation
of revision, composed of a cardinal as head, four pre-
lates as councillors, and of an equal number of lay
councillors, is about to be suppressed; the council
of deputies will have its attributions. Prince de
Roviano has been charged with the task of drawing
up a code of regulations for the navy. Count Car-
lesshi has been placed at the head of the Customs.
Father de Sanctis, one of the most able men of the
time, who at first was a warm advocate of the cause
of Italian reform, and who afterwards embraced the
opposite views, being dreadfully annoyed by the fact
of his not being able to obtain a bishopric, has aban•
cloned the Catholic religion and turned Protestant.
We have now here at Rome M. Granier de Cassagnac,
formerly editor of the Globe, and afterwards con-
nected with the Epoque. It is stated that he is
charged by M. Guizot to found a French journal
here, the columns of which are to be open to all the
inspirations and views of that Minister. The new
journal, which is to be the organ at Rome of the pre-
sent French Ministry, is to bear the title of the
Courrier de Rome."
This M. GRANIER DE CASSAGNAC, the chosen of
M. GUIZOT, was the intimate associate of the con-
victed perjurers BEAUVALLON and D'ECQUIVILLY.
He was the man who lent BEAUVALLON the pistols
with which he shot DUJARRIER, and at the trial of
D'ECQUIVILLY attempted to suppress evidence by
threatening to call out one of the witnesses, for which
he was severely reprimanded by the Court. M.
GRANIER DE CASSAGNAC was the agent through
whom was negotiated with the Government the sale
of the permission to open the third lyric theatre, and
he was accused of having offered to procure the pass-
ing of .a Bill through the Chambers, " for a consi-
deration," for compensating the post-masters of France
This is the gentleman whom M. GUIZOT has dis-
patched to Rome to be his representative. The
POPE has, it is said, refused permission to this moral
and incorruptible friend of the moral and incorruptible
M. GvizoT to establish his journal in Rome. It is
rumoured in Rome that Lord MINTo is charged to
deliver to the King of NAPLES the ultimatum of
England against any intervention in the affairs of
Italy by Austria, even if demanded by the Neapolitan
Government..
The Alba .of Florence, of the 18th inst., relates that
a de-putetiorieof:Pontremolese, and of inhabitants of
Fivizapo: and..-Bagnone, the districts destined to be
anni,ieCtof:kcidena, had presented to the Grand Duke
utititsV4kvott the door of the church of San Mar-
tirtOitiketeit; a petition couched in the most moving
tertne, 'fraying that he would negotiate for their being
ifridek his gevernment. It is added that the Grand
Duke shed tears on receiving this unexpected petition.
All the' journals of Tuscany have warmly espoused
the cause of the above towns.
A letter from Florence, of the 19th, says—
" The protests of the inhabitants of Fivizano and
Pontremoli, against the arrangement with the Duke
of Lucca, which transfers the former to the Duke of
Modena, and the latter to Parma, occasion great
anxiety. The people appear resolved to oppose all
attempts at possession by the troops of Modena and
Parma, and have already destroyed the bridges and
parts f the roads, to prevent the arrival of artillery.
As the Duke of Modena has only an army of 800 men,
he cannot venture upon an attempt to subdue a popu-
lation of 45,000 persons resolved upon a vigorous
resistance, and relying upon support from Pisa, Lucca,
and Leghorn, where the people have be en excited in
their favour by popular orators. Austria will thus
find a pretext for intervention, and a casus belli may
arise notwithstanding the efforts of diplomacy to
effect a friendly arrangement. The Grand Duke of
Tuscany has offered to purchase the territory of
Fivizano, but it is not supposed that Austria will
permit such a transfer, as Fivizano is in the defiles of
the mountains, and is of great importance in a
strategic point of view. You have probably heard of
the insult offered at Leghorn to the Neapolitan
Consul. This affair was considered of sufficient im-
portance to induce the Count de la Rochefoucault,
the French Minister at the Court of Tuscany, to set
out in great haste for Leghorn."

Accounts have been received from Berne of the
22d. As was expected, the Government of Lucerne
has refused to receive the delegates from the Diet.
Mr. JAMES FAZY has not accepted the mission of
Federal Representative in the Valais, as the internal
affairs of his own canton require his presence at
Geneva. In consequence of reports from Lucerne,
additional troops have been called out, and one party
of them has marched in the direction of Lucerne,
and the other in that of Friburg.

The Madrid mail had not arrived in Paris when
the post left. _

HAYMARKET THEATRE

The Taming of the Shrew, as originally written
by Shakspere, and acted at the Globe Theatre, before
the art of scene-painting was known, and when a
change of scene was indicated by a placard inscribed
with the name of the place intended to be represented,
was revived at this theatre last evening. On its re-
vival in this fashion three years since, Webster was
the Petruchio and Mrs. Nisbet the Katharine, and
last evening they resumed their old character.i. The
Katharine of Mrs. Nisbet is the best on the stage,
and Webster throws a heartiness into the character
of Petruchio which " tells" exceedingly. The
Grutnio of Keeley, who sustained the character last
evening, is a vast improvement on that of his prede•
cessor. Keeley is a true Shaksperean actor—rich,
racy, unctions, and droll, without any overacting or
butlbonery. Ills Grumio is worthy to rank with his
Verges, both being perfect. Mrs. Nisbet, Webster,
and Keeley were all called before the curtain at the
conclusion.

We have received the Paris papers of Monday.
If the following intelligence, which we extract
from the Commerce, be correct, there is still room to
hope that Switzerland may be spared the horrors of
civil war. The PorE, it is hoped, will offer to
mediate between the Sonderbund and the Diet.
" Switzerland," says the Commerce—
"May still reckon on a beneficial intervention,
which will be better appreciated than the interference
of which France has reaped the disgrace. The Pope
is said to entertain a project, which would be perfectly
in harmony with the high mission of peace, liberty,
and charity the chief of Catholicism pursues in Italy,
amidst the applause of the entire world. Pius IX.
proposes to interfere in the Swiss question by wise
counsel, by the authority of his word and his virtues.
It is even said that the Severeign Pontiff will profit
by that solemn opportunity to introduce various re-
forms into the internal government of certain reli-
gious corporations. We consider that the solution of
the deplorable intestine dissensions of a generous
nation, emanating from Rome, would be the best, the
most fficacious, and rational of all ; for it would in
future divest a question exclusively political of the
api,e,rances .cf LI religious strn.;,,:lle, which rouses
the Nsgions, bewilders the conrieienees, and implants
in the heart of Switzerland inextinguish:Alle elements
of discord. Papacy has suddenly reurned, under
the auspices of an enlightened Pontiff, its former

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