The Sun.
London, England, 1841-09-25 00:00:00

PRICE 5d

• MONEY MARKET and CITY NEWS.
FROM THE MORNING PAPERS OF THIS DAY.
TIMES.—The opinion that the Government will succeed
in the proposed conversion of Exchequer Bills'and creation of
stock is now pretty generally entertained in the city. It is
understood to-day among other aids, that the decided support
of the Bank of England is secured to the operation, and that
facilities a,e given, if not in a direct, at least in
an indirect, way, by the Bank, which ought indeed,
if truly stated, to remove all doubt on the subject.
What the exact nature of these facilities is does nut
altogether transpire. It has been said that, in order
to make money abundant, the Bank have consented to
grant loans on stock ; but as this would be an irregular
proceeding, without any previous public notice, and
a banking operation of very doubtful expediency, even
if preceded by such notice, the truth of such a statement
may reasonably be doubted. There is, moreover, no necessity
far such a course, as they possess abundant other means of
making money plentiful, without taking any such step. Some
nice management is understood to be required so as to induce
subscribers to offer money instead of Exchequer Bills, which
undoubtedly has been the original object of the measure on the
part of the Treasury. It is obvious that it can only be worth
while to subscribe the due proportion, when Exchequer Bills
have a premium of more than 125., and hence the whole secret
ofluccess may be said to depend upon the quotation of Exche-
quer Bills. To this, then, the Bank lever need only be applied;
and every one who is acquainted with that market knows with
how little trouble or cost, at such a time as this, such influence
would be employed.
A notion prevails among the leading brokers of the Stock
Exchange, according to calculations founded on the price of
Consols for the account, and on the current value of money,
that there will be so decided an advantage in immediately pay-
ing up the whole of the instalments, that the new loan wid
hardly exist at all in the shape of scrip, but be converted almost
immediately, or at all events in an unsually short period, ireo
stock. In this respect, however, there is much difference of
opinion, even among the best informed members of the Stock-
Exchange, and as we are not exactly aware of all the circum-
stanees to be taken into account in such a calculation, it is nO;
easy to decide which. of these parties is correct. It
is quite certain, however, "that that if any such advantage
has been given in the terms announced from the-Trea-
sury, the monied interest will not be slow in making the disco-
very. Some persons have compared this transaction with the
memorable operation of the-West India loan in 1835, on which
occasion Mr. Spring Rice, by an oversight which was com-
mented upon at the time, encouraged almost immediate pay-
ment of the sum subscribed, though it would have suited his
purpose better to have spread the payments over a very long
period, as he did net want the money immediately, and by this
mistake of his, the country had to pay a much larger sum in
interest than would otherwise have been the case. There is,
however, no parallel between the two, and it may safely be
presumed from the superior sagacity and knowledge of busi-
n ss of the present Chancellor of the Exchequer, that if
he has conceded this advantage to the monied interest,
he has not done so by any mistake or miscalculation, andtl a
it will suit his purpose best to have the whole of the money im-
mediately. These circumstances would appear to place tl e
success of the measure beyond a doubt, and accords with tl e
opinion we gave on the first issuing of the notice from tl e
Treasury.
It is now known as a fact that the manager of the Notting-
ham and Nottingham and Nottinghamshire Banking Company
has been missing since Saturday last, and that even his family
are not aware what has become of him. Vrom the difficulty of
access to the manager, which the Shareholders at first com-
plained of, there were some vague suspicions, but now the fact
that he ;has disappeared is established. His accounts have
been hastily inspected, and nothing seems yet to have tran-
spired in any way to affect his integrity, however recent
events may have called the accuracy of his judgment into
question.
SUN.—Most parties displayed no little anxiety to-day, to as,
certain how the tenders for the conversion of Exchequer Bills
into Three per Cent. Stock were proceeding, this being the
first of the three appointed for that purpose. It was said that
they were likely to be all completed by to-morrow ; and as the
Hebrews transact no business on a Saturday, and would per=
haps not choose to run the risk of being shut out altogether,
by holding back till Monday, this view of the case may not be
altogether inaccurate. As far as the Funds were concerned,
they felt the effect of the Treasury scheme, being very flat,
while money was unusually dear. Consols for Money were 89%
to 89%, and for Account 891 to 89%. Exchequer Bills were
17s. to lbs. premium, and India Bonds 3s. premium to par.'
The New Three-and.a-Half per Cents. were 981 to 98%.
Our remarks on the Foreign Market mast necesserily be very
limited, as the business doing itself is. Spanish Actives were'
at 214 fur Money, and 21i to for Account. Colombian Old
Bonds were at 20k, Danish at 80k, and Dutch Five per Cents.
102 to.
Shares were again feeble. Great Western Fifths were 31,.
Birmingham 64 to 65, and the New 20} prem ; the Brighton'
51, the Croydon 4, the Midland Counties 24%, the North
Midland 341,x, the Bristol and Exeter 33, and the Birmingham
and Gloucester 44 discount. London Joint-stock Bank Shares
were 2, and Provincial Bank of Ireland 16% premium. Na-
tional Provincial Bank of England Shares 1 discount.
This afternoon there were symptoms of a rally in the Foreign
Exchanges, which were most currently negotiated thus :
Paris 231. 62}c. to 67}c., Amsterdam 12 4, Antwerp 12 3i to
}, Frankfort 149, Trieste 9 50 to 51, and Hamburgh 13 10.1.

WOOLWICH-FRIDAY.
ROYAL ARTILLERY.

On Monday last, the services of the men who have been
deemed unfit for service by a Medical Board, their conduct,
character, and cause of discharge, were verified by a" 114 and of
Officers. consisting of Lieutenant-Colonel Blaehley, a'; Presi-
dent, and Majors Sandilands and Vaughan, members, agreeably
to the 87th article of the rules and regulations for the better
goverment of her Majesty's Forces ; and on Tuesday they
were again inspected at the Royal Ordinance Hospital by
Lieutenant-General Lord Bloomfield, G.C.B. and G. C.H.
Colonel Sir H. D. Ross, K. C. B. ; Colonel Lacey, and the As
sistant-lnspector of Hospitals, who recommend the disposal of
their several cases in conformity to the regulations.
GENERAL ORDliti, SErr. 17, 1841.
" The Master-General has been pleased to appoint Captain
Henry W. Paget, of the 56th Regiment, to be his Aide-de-
camp. " H. 1). ROSS, Colonel,

Deputy-Adjutant- General."
Major Molesworth's company, 6th battalion, commenced a
course of laboratory instructions on Monday last.
Mr. Marsh gave a lecture on Chemistry at the Royal Ar-
tillery Institution on Tuesday. The services of this very
able chemist have been secured for a Course of Lectures for
the benefit of the officers of the Ordnance corps, and he ha;
been highly complimented by Lord Bloomfield and the senior
officers for the able and clear manner in which he has illus-
trated the lectures already delivered.
The detachment at Purfleet was relieved by Major
Vaughan's company, 6th battalion, and detachments of the
3d and 7th battalion, on Tuesday. Major Vaughan and Lieut.
Crofton accompanied the detachment.

GENERAL ORDER, SEPT. 21, 1841.
Lord Bloomfield Laving obtained leave of absence, the com-
mand of the garrison devolves on Colonel Sir H. D. Ross,
K.C.8., Deputy Adjutant-General, to whom all reports and
returns are to be addressed.
_

The Company of Gentlemen-Cadets attended mortar and
howitzer practice on Monday, and the senior classes gun prac-
tice in the marshes on the same day. The practice at both
batteries was exceedingly good.
Lieutenant-Colonel Bayley has passed a medical board, and
retires on full pay.
Lieutenant-Colonel Brandreth, C. 8., has relieved Colonel
Forbes at Portsmouth from the command of the south-west
district.

Lieutenant-Colonel Hutcheson proceeds to Leith fort, to
command the Royal Artillery in North Britain, vice Story,
deceased.

Lieutenant-Colonel C. Cruttenden is expected to relieve
Colonel Oliver at Ballincollig, in Ireland, and take command
of the Munster district, Lieutenant. Colonel Grant having ex-
changed to remain in the West Indies.

Tile non-commissioned officers ard men off duty have at-
tended the repository exercises during the week, no practice
having been carried on.
___

NAVAL INTELLIGENCE.

The Devastatation, first class war steam frigate, was com-
missioned on Saturday last by Commander Hastings Reginald
Henry, and the following officers from the Vixen have been
appointed to her : —Lieutenants F. Lowe and C. G. Rigge,
vice Parkhurst to the Vixen; Mr. J. G. Mugford, master,
vice Ashton to the Vixen ; Mr. J. Elliott, surgeon ; Mr. J.
Grant, purser, vice 'Willingham to the Vixen ; Mr. J. H.
Paterson, assistant surgeon.
The Comet steam-vessel, Lieutenant-Commander Frederick
Chevalier Syer, arrived at Woolwich on Saturday, from towing
the Abercrombie Robinson through the Downs. The Aber-
crombie Robinson, troopship, proceeded on her way for Ber,.
muds, having on board upwards of 800 men, chiefly of the 2d
battalion of the Rifle Brigade. The Comet left again on
Thursday for the Medway, to attend upon the master ship.
wrights of the Woolwich, Chatham, and Sheerness Dock-yards
(Messrs. Lang, Fincham, and Atkins), who are ordered to
examine and report on the state of the whole of her Majesty's
ships in ordinary at the several ports; and when they have
completed their examination of the ships in the Medway, they
will proceed to Portsmouth and Plymouth.
The Sinbad sailed for Portsmouth and Plymouth on Satur-
day, and the Falmouth for Chatham to-day.
'The Avon steam-vessel, Lieutenant Jenkin, arrived at Wool-
wich on Monday.

The Monkeysteam-vessel, Second Master W. Roberts, ar-
rived at Woolwich en Tueinlay, and left again to-day for Chat-
ham, to be placed at the disposal of Captain-Superintendent
Shirreff, of the Chatham Dock-yard.
The Firebrand steam-vessel, Blaster S. B. Cook (act.
left
Woolwich yesterday for Ostend, to attend on her Royal High-
ness they Duchess of Kent, who intends returning in her to this
ounl r.
Appointments—Mr. J. Boland has been appointed Assistant-
Surgeon to the Volcano. Mr. Henry Pinhorn, clerk in charge
of the Heroine, vice Bateman, whose warrant has been cancelled

COMPLIMENTARY—The f llwing appears as
an advertisement in the Feu ille d' A;iches Gand :—" A
young man, 24 ofyearsofage,a good family, knowing Greek,
an Latin,
excellenth stor y
vocal, belles-lettres,
the
and instrumentalmathematics
musician andan
d drawing,dancer
and who is alto of good appearance, offers himself in mar-
riage to any lady having money, even though she be old
and ugly."
HUNTING.--The Devon and Somerset Stag
Hounds will meat cn Friday, the 24th, at Brendon Barton,
near Lyn-nouth ; and on Tuesday, the 28th, at Park-end
Gate,•
I.othel ton 'e s Hill, near Bishop's Lydeard, each day
St ten.—Plymouth Journal
General Baron de Rosen, of the Russian army,
who so greatly distinguished himself during the late war by his
uccesses over the French, died a short time since.
COURT OF BANKRUPTCY.—Yesterday morn-
ing a report reached the Court of the unexpected death of Mr.
Canaan, one of the official assignees attached to the divisional
Court of Mr. Commissioner Fane, and upon inquiry we found
it to be but too true. Although confined to his house for a
few days past, 11r. Canaan transacted the business of his office
up to Thursday afternoon, and his son, who was engaged on
the same day in the case of Mr. Ellis John Troughton up to
four o'clock, did net express the slightest apprehension of his
father's so immediate dis.olution. Air. Canaan was, we under-
stand, many years since engaged in extensive business as a
druggist, and since his appointment to the situation of an
official assignee had given very general satisfaction to the
Learned Commissioner and the suitors of the Court. By his
demise an appointment, worth at least from 8001. to 1,000/
has become vacant, and is, as we have been informed, in the
ft of the Lord High Chancellor for the time •
• •anaan', we understand, was about seventy years (141 Mir