The Sun.
London, England, 1840-05-07 00:00:00

were, the verdict must be that he was murdered by
some person or persons unknown. It would be keeping
alive a vast deal of excitement in the public rrind, by
adjourning from day to day, while it would deprive the
family of the deceased of the satisfaction which a verdict
would give them. If there was any doubt upon
his mind that the deceased had not been
murdered, he should have no objection to delay ;
but returning a verdict now, would not frustrate
the ends of justice, whereas adjourning would be only
casting suspicion upon individuals, when the matter
might be more properly left in the hands of the Police
for investigation. lie hoped that the perpetrators of the
horrid deed would be ultimately discovered, but lie for
one was now prepared to record that verdict.
The other Jurors expressed themselves of the same
opinion, and a verdict of " Wilful Murder against some
person or persons unknown," was then recorded.
The proceedings did not terminate till past ten
o'clock.

MONEY MARKET and CITY NEWS.

WEDNESDAY EVENING.

TIM E S.—The ctficialaverageretu;n of the crculation
of the country joirt-stock and private banks, between the
28th of December and the 28th of March last, is given in
the Gazeitc of last night, at 10.823,244/, of which
6 893,012/. forms the circulation of the private, and
3,940,232/. the circulation of the joint-stock banks. On
referring to former returns of the same kind it will be
seen that this is the lowest, as a total sum, since October,
1837, but that the proportion of the issues of the joint-
stock to those of the private banks has increased by about
150,000/. There has been, consequently, no redundancy
of the circul 'lion derived from that source, though in-
sinuations of that kind have been freely expressed in
quarters supposed to derive information from the Bank of
England, and where everything is greedily caught
at which may tend to shift the blame, if any, upon
other shoulders, of the present excitement and speculative
tendency of the Money-market. Yet the Bank issues,
the Directors being for the present upon their good be-
haviour, are also small, and hence there will be a difficulty
with most people in comprehending how the present abun-
dance of money arises. But trade is crippled, and wants
less than usual ; much additional capital has been brought
into employment by the late high value of money ; and,
finally, the same quantity of circulation will go further
than it did, through the greater facilities of communica-
tion by railways and other means. These may not be all
the causes, but they arc undoubtedly in operation, and
nearly sufficient of themselves to aciuunt for the present
state of things. The material feature is the stagnation of
trade, for if that continues, the exchangeg may go more
against us, and the Bank be exposed to another drain of
treasure.

By the advices from Hamburgh the price of gold is 429
per mark, which, at the English Mint price of 3/. 17s. I Oid.
the ounce for standard gold, gives an exchange of 13.71,
and the exchange at Hamburgh on London at short being
13.5 L it follows that gold is 0.90 per cent. dearer at
Hamburgh than in London.

The prennum on gold at Paris is 8 per milk, which, at
the English Mint price of 31. I7s. loid. the ounce for
standard gold, gives an exchange of 25.35, and the ex-
change at Paris on London at short being 25.221, it fol-
lows that gold is 0.50 per cent. dearer at Paris than in
London.

POST.—An undue importance seems to us to have
been attached to the opinions expresFed by the late Mr.
Rothschild on monetary questions. The general sagacity
of the individual is undeniable, but, if there be any truth
in what we hear, he now and then made great mistakes in
his financial schemes, and was, in consequence, exposed
to heavy, though partial, losses. Of the extreme fallacy
of the evidence he gave before the Bank Committee in
1832, with regard to the influence of foreign loans on the
exchanges, there can be no doubt. Mr. Rothschild stated,
as a matter within his own experience, that when loans
were negotiated, they gave rise, in fact, only to a change
from one stock into another. "If loans are made," said
that gentleman, "most of the capitalists who hold funded
stock, in general change one stock when they take others ;
so that is only a change of property. For the last four or
five years I have found that when a new loan is made, most
capitalists only changed one property against another, and
very little property is wanted from this country."
According to Mr. Rothschild's doctrine, a so-called fo-
reign loan is not in reality a foreign loan at all, but a mere
transfer or interchange of funds among ourselves, and the
foreigner gets nothing by it but the nominal debt, and the
dividends to pay. Out of the Three per Cent. Portu-
guese loan of 1834, raised by Mr. Rothschild himself for
six millions, it would appear, upon the principle here laid
down, that Portugal acquired little or nothing beyond the
odium arising from the non-performance of her engage-
ments towards the bondholders. Who, then, got the mo-
ney I Did the capitalists contrive to retain it among
themselves ? Mr. Rothschild's evidence is so thoroughly
preposterous that we cannot dwell upon it with any degree
of patience.
A morning contemporary has the following announce-
ment on the subject of the pending Bank investigation :
" There is some stir, it appears, among the pri-
vate country bankers, in connexion with this inquiry,
caused by their having received notices from the Office
of Stamps and Taxes to render weekly returns of their
issues for the last seven years. Against the right of
calling for such returns niany of them have protested,
but have agreed nevertheless to furnish them, being
desirous of giving all the assistance in their power to
the inquiry now going on. It is affirmed in some
quarters, though rather rashly, as it would seem, in
so early a period of the investigation, that a majority of
the committee are in favour of a single bank, or source
of the issue of notes, for the whole of the United King-
dom. Even the suspicion, however, of such a bias on
their part, has sufficed to put the Scotch Banks on the
alert, and it is affirmed that the whole of them, with the
exception of the Royal Bank of Scotland, are prepared
to resist any measure of that kind. The principal officer of
that institution, it is said, is now in London, and prepared
to advocate before the Committee the policy of a single
source of issue. The others can only regard it as a
destruction to that system under which they have thriven,
and taxed the industry of the country for so many
years, and they are attempting consequently, not
only to support their own case, but to impugn beforehand
the testimony of the manager of the Royal Bank, by
alleging interested motives and a desire to secure for his
bank the agency in Scotland for the notes so issued and cir-
culated."

This announcement does not seem to correspond very
well with what our Contemporary stated a few days since,
as to the immense impression made on the minds of the
Committee by Messrs. Smith and Cobden. By the way,
we learn, through a private channel, that these two frothy
gentlemen in reality cut as poor a figure as did the Man-
chester deputation of 1832.

Our Contemporary mentions further, that among the
witnesses now under examination, or likely to be so shortly,
is Mr. Richard Page. who, under the signature of
" Daniel liardeastle," has put forth more fearless, inde-
pendent, and sound writing on that difficult question
(banking) than any man of the present day, and it is a
credit to the Committee, so far as that circumstance goes,
to have called for his testimony."
Mr. Page is undoubtedly a very clever man. The book
to which we lately directed attention affords ample proof of
that ; but it cannot be denied that his well-known Bank
antipathies amount to a positive, and apparently incurable,
mania. Mr. Page, if we are correctly informed, is the
same eccentric individual who came to the Stock Exchange
some years ago, and offered to sell the notes of the Bank
of England at a discount—a proceeding that has been a
subject of merriment in the Alley ever since

HER AL D.—By an arrival at Havre, accounts have
been received from New York to the 9th ult. The Bill,
authorising the issue of small notes by the banks of
Pennsylvania, bad been passed by the Senate. Some
excitement prevailed in the Stock and Share Market, and
prices had generally advanced. This was attributed to
the news from Connecticut, where the elections had gone
very decisively against the Administration, so that the
party in opposition were sanguine about the defeat of Mr.
Van Buren at the approaching election for the Presi-
dency, and the success of General Harrison, who is pitted
against him. This, it was hoped, would lead to the cats.
blisisment of a national bank, and a legalized federal issue
of paper money. In bills of exchange on England nothing
was done, and therefore no quotations of rates are given.
A letter from Galveston is quoted, to the effect that Mexico
had agreed to acknowledge the independence of Texas;
a fact, however, which can hardly be reconciled with the
tenour of previous accounts.
The failure in the regular arrival and delivery of the
overland mail has been the subject of remark in the city,
and the merchants are a good deal annoyed by the non.
receipt of their despatches, after the heavy expense sub-
mitted to for the sake of greater promptitude and exact-
ness. In reference to the particular despatches consigned
to the care of Mr. Waghorn, that gentleman has issued
the following notice :
" Mr. Waghorn is sorry to announce that, by supposed
mismanagement at Marseilles, he has received his packet
No. 2 only, with his own letters from India and Egypt ;
that marked No. 3, containing letters express for the prin-
cipal London houses, is not yet come to hand, as expected."
There is clearly either misconduct or mismanagement
somewhere, which, no doubt, with his usual indefatigable
industry, he will spare no means or expense to trace. The
singularity of the case is that one packet should be re-
ceived and not the other. There seems no conceivable
reason why one could be despatched and not the other,
nor indeed why one party should be able exclusively to
obtain and to get packages of papers and correspondence
by the overland mail forwarded from Marseilles, and not
others who are subject to so large an expense for an object
of such consequence. The fault will probably be found to
rest with some of the subordinate authorities of that port,
who may possibly happen not to be inaccessible to bribery/.

S U N.— Our attention has been called to the 'educed
stocks of British Plantation Sugar now in the port of
London, estimated, in fact, as we have been informed,
though we are somewhat credulous on the subject, as
low as two months' consumption. So bad were the last
accounts from Jamaica, that the owners of estates, re-
sident in this country, are loth to expend the least
i
sum on their mprovement, where it can absolutely or at
all be dispensed with. As regards the experiment of
free labour, we are further teld but very few survive
out of a number of respectable English farmer's sons sent
out to superintend the cultivation of the plantations en
the new system of ploughing the land. We trust that
this important and urgent subject will early engage the
attention of our Legislature. Something must evidently
be done for our West India Possessions in
the
way of
emigration, or their prosperity will be inevitably crushed.
The funds closed firmly this afternoon at as'li,,ht
advance. Consols for Money at 98i buyers,
time 90i to • Exchequer Bills were firm at 28+, and
the New Three-and-a-Half per Cents. at and for
9 India Stock was 2.50 to I.
The Foreign Securities were very dull. Spanish