The Sun.
London, England, 1841-10-27 00:00:00

LONDON, WEDNESDAY, OCTOBER 27, 1841.

tent with perfect security. They are constructed on the prin-
ciple of affording to the Assured the option of either securing
a fixed Sum, or of having it increased by a participation in the
Profits.
Assurances may also be effected by a single payment, by a
payment for a number of years certain, or by any other mode
as may meet the views of the Assured : and the Premiums
may be paid either yearly, half-yearly, or quarterly, at pro-
portionate Rates.
Attendance will be given daily at the Office, from Ten to
Four o'Clock, where Assurances may be effected, and Lon.ns
granted without delay.
No Charge will be made on parties assuring, under ihe head
of entrance-money, admission-fee, or otherwise, beyond the
Stamps for the Policy.
As the most scrupulous care will be taken at the time of ef-
fecting the Assurance, in making all proper inquiries, no As-
surance, when once completed, will afterwards be questioned or
disputed, except in cases of manifest fraud or misrepresentation.
Policies assigned for bona fide considerations will not become
void by death from suicide, duelling, or the hands of justice ;
and in cases where Policies shall not have been so assigned, a
discretionary power, founded upon the most liberal coniidera-
tioa, is vested in the Directors to return to the Widow or Chil-
dren of the assured the whole, or any part of the Premiums paid.
All Claims on the Company in respect of Assurances will be
paid within three calendar months after satisfactory proof of
the death of the party, or immediately after such proof on the
allowance of discount.

Prospectuses to be had, and application for the remaining
Shares and Agencies, to be made t. the Secretary, at the
Temporary Offices, 35, New Broad-street, City.
ADOLPHUS COURVOISIER, Secrelary.
A liberal Commission will be allowed to Solicitors and Agents.

SINGLE LIVES.
TABLE OF RATES OF PREMIUM
For Assuring a Healthy Life for One and Seven Years, and
for the Whole Term of Life, in the Sum of £lOO.

WITH
PROFITS. WITHOUT PROFITS.
Age. Whole Term. One Year. Seven Years. Whole Term
--
15 £1 15 3 £0 17 3 £0 19 9 £1 11 6
16 1 16 2 0 17 9 1 0 3 1 12 4
17 117 0 018 3 1 0 9 113 2
18 1 17 10 0 18 9 1 1 3 1 14 0
19 1 18 8 0 19 3 1 1 9 1 14 10
20 1 19 6 0 19 9 1 2 3 1 15 8
21 2 0 5 1 0 9 1 2 9 116 7
22214116 1 3 3 1 17 6
23224123 1 4 0 1 18 6
24235130 1 4 9 1 19 7
25246139 1 5 6 2 0 8
26256146 1 6 3 2 1 8
27266153 1 7 0 2 2 8
28277160 1 7 9 2 3 9
29288169 1 8 6 2 4 10
30299176 1 9 3 2 5 11
31 2 10 11 1 8 3 1 10 0 2 7 1
32 2 12 0 1 9 0 1 10 9 2 8 2
33 2 13 6 1 9 9 1 11 6 2 9 8
34 2 15 0 1 10 6 1 12 6 2 11 2
35 2 16 6 1 11 3 1 13 6 2 12 8
36 2 18 6 1 12 0 1 14 3 2 14 4
37 3 0 3 1 12 9 1 15 0 2 16 1
38 3 2 3 1 13 6 1 15 9 2 17 10
39 3 4 3 1 14 3 1 16 6 2 19 7
40 3 6 6 1 15 0 1 17 6 3 1 4
41 3 8 9 115 9 118 6 3 3 6
42 3 10 9 1 16 6 1 19 6 3 5 8
43 3 12 9 1 17 6 2 0 6 3 7 10
44 3 15 3 1 18 6 2 1 6 3 10 1
45 3 17 9 1 19 6 2 2 6 3 12 4
46 ' 319 0 2 1 3 2 4 3 314 10
47419229 2 6 0 3 17 4
48446246 2 8 0 4 0 1
49 4 7 6 2 6 3 2 10 0 4 2 10
50 4 10 9 2 7 9 2 11 9 4 5 7
51 4 14 9 2 9 9 213 9 4 810
52 4 19 0 211 9 2 16 0 4 12 4
53 5 3 9 2 13 9 2 18 9 4 16 10 '
M 5892159 3 2 3 5 1 10
55 5 13 9 2 17 9 3 6 3 5 6 10
56 5 19 3 3 1 3 3 10 9 5 11 11
57 6 5 6 3 5 3 3 15 9 3 17 2
58 6 11 9 3 9 9 4 1 3 6 2 8
59 6 18 3 3 14 10 4 6 9 6 8 5
60 7 4 6 4 2 11 4 12 9 6 14 7

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NO PUFF NOR IMPOSITION.
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MONEY MARKET and CITY NEWS

FROM THE MORNING PAPERS OF THIS DAY.
TIMES.—It is understood to-day in the city that sus-
picion has at length been directed to a particular indivi-
dual relative to the fraudulent issues of Exchequer Bills,
and that the party connected with it has been taken into
custody. He is said to hold a high station in one of the
Government offices, but at the present state of the pro-
ceedings it would perhaps be scarcely right to mention
his name, e, although it is pretty generally spoken in the
city ; moreover, it is scarcely necessary, as it must of
course transpire officially within a very short period.
Besides, it seems that the party apprehended is not the
only offender, as, according. to a full confession which
he is said to have made, a great many other persons
are implicated in the transaction. The amount of the
fraudulent issue is said to be as high as 150,0001. or
200,000/ according to the confession of the party. The
bills do not appear to have been, strictly speaking, a for-
gery, „if we may trust the general report, according to
which the signature Of Lord Monteagle has been ob-
tained in a surreptitious manlier. At'the same time the
practice which is suffered to have obtained in the office,
of allowing different persons actually to sign the name
of Lord Monteagle, and by his authority, was exces-
sively loose, and calculated to give great facilities to for-
gery, while great difficulties would be thrown in the
way of detection. There is rather a curious anecdote
which is told in connection with the affair, and one
hich is singularly illustrative of the carelessness with
which the business of the office has been conducted.
During the present investigation, one of the bills is 'said
to have been shown to Lord Monteagle, who observed
that lie really could not tell whether the signature was
his signature or not.
The circumstances which have transpired to-day would
seem to show that a great many of the rumours which
were afloat on the first discovery of an irregularity in
the Exchequer Bill market, were totally false, and had
their source in idle conjecture, or, what is more probable,
in the endeavours of the parties really implicated to turn
suspicion into wrong channels. So much, however, of the
lottes4turiours still appears, to be true that the surrepti-
tious issues are in some manner connected with the sales
of Spanish Stock. Now the chief anxiety in the city is,
admitting the bills to be forgeries (for the case will
hardly arise if they have actually been signed by
Lord Monteagle,) and also admitting the forgeries to
have had a sort of Government currency, to know what
degree of liability will attach to the Government itself
to make good any sums that may have been lost by the
transaction. Had the parties holding them received
them immediately from the Treasury, or with a due
degree of caution as to the parties from whom they took
them, it would not be the same case as if, lured by a high
rate of interest, they took them of parties to whom they
were utter strangers, or whom, if they knew at all, they
knew to be in such circumstances, that honest possession
of thsebills was almost impossible. If, however, as before
observed, the bills are actually signed -by Lord Mont-
eagle, it is not likely this delicate question will ever be
practically discussed. At present it is the opinion of
many experienced persons in the City, that the safe
course on the part of the Government will be to draw in
the bills of the present issues, and at once issue new ones,
to remove the complication which at present exists, and
which, whoever may be the parties actually implicated,
results from the grossest negligence and mismanagement
under the Whig Administration.
One of the latest rumours relative to this affair is the
capture of a party in the City, who is supposed to have
been the next chief implicated to the one already in cus-
tody. On this subject we have received the following
communication from a source on which we have reason
to rely :—" The frauds committed in respect to Exche-
quer Bills have been committed through the agency of a
person in the Exchequer Bill-office. Whether the dupli-
cate bills in circulation are forgeries, or whether the
bills, having been regularly signed, have been fraudulently
obtained, is yet uncertain, The bills, whether forged or
fraudulently obtained, were applied to speculations in
foreign funds, chiefly Spanish Stock. A gentleman, who
held a confidential appointment in the Exchequer Bill-
office, has been committed to prison."
In such a state of things as at present exists, business
at the Stock Exchange is much neglected, and the same
difficulty as heretofore experienced in respect to attempted
operations in Exchequer Bills continues ; their market
was to-day quite nominal at 10s. to 12s. premium.
CHRONICLE.—The discovery of the triplicate num-
bers of Exchequer Bills has led to the apprehension of a
person holding a high situation in the Exchequer Bill-
office ; and it is reported that spurious bills have been
ascertained to be in circulation to the amount of 200,0001.
It is now the imperative duty of the Chancellor of the
Exchequer to sift the whole affair to the bottom, and to
relieve the public mind as to the extent of the fraud. It
is understood that the principal offender on this occasion
has been carrying on the same system for upwards of
two years certain ; and for how many years before that
no one can tell, for the loose practice of allowing clerks
to sign bills is one of very long continuance. It is in
vain for the organs of ithe monopolist Cabinet to endea-
vour to throw the blame of it upon the Whigs, or to
make out any ease for panegyric in favour of Mr. Goul-
burn, for his personal investigation of the present case.
These securities were first issued in 1696, to supply the
want of cash during the recoinage which then took
place ; and, considering the unprotected form in which
they are made out, and the looseness of practice regard-
ing their issue, it is astonishing that no case of fraud
has been discovered until the year 1841. It is quite
possible that the brokers, who were the instruments of
raising money on the spurious bills, were entirely igno-
rant of their fraudulent origin. When a principal states
to a member of the Stock Exchange that he wishes to
enter into a speculation in foreign stocks, and offers
Exchequer Bills as a security, it is not customary for him
to ask the party who aplics to him to explain how he
came possessed of the security. The situation in life of
the party and personal knowledge of his respectability
are held sufficient on such occasions ; and wo sincerely
trust that such may prove to have been the case in the ques-
tion under consideration. The delinquent may have had
no confederates, and in so far as the transaction is con-
nected with the Stock Exchange, it is possible that none
of the members had the least knowledge of anything
improper being connected with the bills. The whole I
affair must, however, be searched to the very bottom, as
the market for Exchequer Bills is now at a stand still,
and the price marked of 10s. to 12s. premium almost en-
tirely nominal.
POST.—The confusing of the Exchequer Bill market
continues, and whatever business is done in it must, for
the present, be under guarantee. A number of rumours
were once more in circulation relative to the alleged con-
spiracy, by which a state of things has been brought
about so greatly to the detriment of the public service.
It was said that two of the old police force, celebrated for
their alacrity in the detection of crime and criminals,
had been in the City in quest of suspected parties, and,
in fact, that three individuals were taken into custody,
one of them connected with this part of the town and
the others with a public department. Of the latter two
it was rumoured that one of them, who has been a con-
siderable time employed in an official capacity, was
found to have put out, on his own account, probably for
the purpose of covering his losses in the speculative
foreign funds, an enormous amount of Exchequer Bills.
The sum spoken of was 200,000 L We cannot with safety
or propriety give the name of the individual on whom
suspicion is said to have fallen in this case, though it can
scarcely be said to be any longer a secret in the moneyed
circles. One of the principal brokers in possession of
bills, lodged with him under questionable circumstances,
is believed to have delivered up to the Chancellor
of the Exchequer 50,000/. to be dealt with as
Government shall think proper. A rigid inquiry into
the facts touching this extraordinary business is now,
from all accounts, in progress at the Home-office. An
Anxious hope prevails, therefore, that the whole of the
iniquity, with the authors of; and participators in it, may
be speedily exposed. So extended has been the system
purimed by the parties, and this for a series of years,
that the more considerable brokers have been totally
unable to place the large masses of bills sent into them
for the purpose of covering required advances; and
hence the necessity of handing over portions to a secon-
dary grade. These, in turn, have given smaller amounts
to those below themselves, or, in other words, the most
inferior order of agents; so that a great number of per-
sons who are familiar with the process of raising money
in the City must have been perfectly well aware that
there was something exceedingly dark and mysterious
in the background. Of the Committee of the Stock Ex-
change we have taken the liberty to say that nothing
has been sufficient to awaken them from their habitual
lethargy. We were, however, mistaken, as it appears
that they have, in the present instance, come forward
and most courageously tendered to Sir Robert Peel, Mr.
Goulburn, and others engaged in the investigation going
on at the west end of the town, the benefit of their
valu-
able and disinterested assistance. Lord Monteagle, it is
understood, has been likewise in attendance at theli
i rea-
sury chambers, for the purpose of co-operating n the
pending inquiry.
HERALD.—PeopIe arc naturally led to imagine that
the system of books and business must be extremely
loose in the Exchequer Bill-office, when frauds and fal-
sifications, if such they should be and there committed,
are practicable without almost instant detection, and
even without detection for years. It is not unlikely that
considerable facilities for dishonesty were afforded by
the change in the Exchequer Bill law, silently and
without public notice introduced by Mr. Spring Rice,
the then Chancellor ,of the Exchequer, to the effect of
rendering bills uo longer payable in for Customs or dues
at any period before due, as before was the case, but
payable,or rather receivable, only when actually due,
a provision or permission clearly idle and unnecessary.
By this new system, therefore, no bills once issued
could make their appearance again at the Exchequer
Bill-office, until at the expiration of the twelve months
when taken in to be paid.
off or exchanged ; nor, in like
manner, could any fraudulently issued bills be sooner
taken in, and detected. Thus the person engaged in the
office, if any there were in these malpractices, was in
no danger, or only the very slightest, of detection, ex-
cepting once a )-ear, when all the bills of the date of
those falsely issued were brought in, or preparatory lists
of them sent
in, against exchange or paying-off day.
It was of course scarcely more difficult for a party to.
prepare a new batch of false bills, and so re-place and
take in the old, than it would be in the first instance to
prepare and get out tile old. Had Exchequer Bills con-
tinued to be receivable for Customs and dues there
would, however, have been constant danger of detection
whenever the bills were at or near ear, as they often