The Sun.
London, England, 1870-01-21 00:00:00

DEBTOR.

Jan. 13. Jan. 20.
fr. c. fr. c
Capital of the Bank 182,500,000 182,500,000
Profits in addition to
Capital (Art. 8, Law,
June 9, 1857) 7,044,776 02 7,014,776 02
Reserve of the - Bank
and its branches 22,105,750 22,105,750 14
Reserve of lanced pro-
perty 4,000,000 4,000,000
Notes in circulation
Banknotes to order and
receipts payable at
sight 43,816,569 43 42,344,210 07
Treasury account cur-
rent creditor
Current accounts Paris 300,823,200 11 294,42:4,977 46
Do. branch banks 40,416966 43,181,942
Dividends payable 5,388,796 3,816,699
Discounts and sundry
interests
Rediscounted the last
six months
Surplus of receipts not
distributed -
Sundries

Total
CREDITOR.
Jan. 20. Jan. 13.
c. fr. c.
Cash in hand and in fr.
Branch banks
Commercial bills over-
I 201,211 71 312,717 49
due
Commercial bills dis-
counted, not yet due 341,258,478 90 332,488,029 02
Do. branch banks 344,229,945 • 323,115,901
Advances on deposit of
bullion
Do. branch banks 2,548,000 2,410,200 -
Do. on French Public
Securities 20,960,500 20,722
050
9,200
Do. by branch banks 9,279,350 9,23,
Do. on railway shares
and debentures
800 —.
,0 -
Do. branch banks
0: ,
90800, 000 .--0
Do. on Credit Foncier
Bonds
Do. branches
Do. to the State (Con-
vention, June 10,
1857) 6
Government Stock re-
750
14 6
12,980,7500
00000 —
14
serve 1
Do. disposable
Rentes Immobalisies
(Law, June 2, 1857) 160,000,000 ..-- 100,000,000
Hotel and furniture of
the Bank and landed
propel ty branches
Expenses of manage-

1,167,600 -
110,200 -

1,163,500 -
1,172,200 --

9,072,534 -

9,069,184 -

nient
Sundries

15,561 35 14,373 60
5,748,393 82 5,975,048 32
_ _ -

Total
Certified by the Senator-Governor of the Bank
of FraLoe.

(Signed) RoULAND.

The Bank Returns.

The Bankers' Magazine furnishes the returns of the cir
eulation of the public and joint-stock banks in England
and Wales for the four weeks ending the 4th of Dec.
These returns, combined with the circulation of the Scotch
and Irish banks for the same period, and the average cir-
culation of the Bank of England for the four weeks ended
the Ist of Dec. (the nearest date furl:Lisp:A by their
returns), will give the following results of the circulation
of notes in the United Kingdom when compared with the
previous month

.-
.23,940,9 ; 23,181,190 -- 799,757
1 Nov. 6, I Dec] 4,
1869. 1869. Increase. Decrease.
--- —_—
471
Bank of England...
13' "21
Joint-stock Banks.. 2,425,071 2,3Li8,732 - 56,333
----
591-77 ---
1,4. , 18, 01,648 948.411
Total In England. 29,2
Private Banks .... 2,885,44' 2,751,719
4,811,3 8, 5,287,458 416,140
Scotland .. —
Ireland 7,381,180) 7,354,163 27,017
--,....----,___13,269__
----
United Kinzdom. 41,503,957' 40,9 416,110 976,828

United Kingdom.

And as compared with the month ending the sth of
Dec., 1868, the above returns show a decrease of
£363,505 in the circulation of notes in England, and an
increase of £105,946 in the circulation of the United
Kingdom.
On comparing the above with the fixed issues of the
several banks the following is the state of the circulation:—
The English private banks are below their
fixed issue ••• ••• •• • ... £1,290,907
The English joint-stock banks are below their
fixed issue ... ••• ••• ••• 369,901

Total below fixed issue in England .£1:660,808
The Scotch banks are above their fixed issue... 2 538,187
The Irish banks are above their fixed issue 992,669
The average stock of bullion held by the Bank of Eng-
land in both departments during the month ending Ist
of Nov. was £18,443,-206, being a decrease of .£388,231,
as compared with the previous month, and a decrease of
£71,692 when compared with the same period last year.
The following are the amounts of specie held by the
Scotch and Irish banks during the month ending the 6th
of Nov.:—
_ . _

Gold and silver held by the Scotch banks £3,776179
Gold and silver held by the Irish banks 2,741,881

£5,924,651
being au increase of £518,118 as compared with the pre-
vious return,. and. an increase of .£321,39 wheu, colitipeod
tha correspoutiipatil lot yea_

THE ANGLO-FRENCH COMMERCIAL
TREATY.

rAErs, TRURSDAY.

The debate on the Treaty yesterday was less interestir
than on the day previous, though the question 1,
one of so much commercial importance on botl,
sides of the Channel that it deserves some notice
The discussion is still going on from day to clay, an,
it is not easy to say when it will conclude. M. Thiers is te
make a great speech, for which all parties look with
impatience, though of course the ability and
eloquence of the great historian and littirateu2
will be ranged on the side of the protectionists.
These gentlemen are growing restive under the "inexor-
able logic of facts," and figures hurled at them by the ad-
vocates of free trade, who cannot be convinced that a
large increase of exports means a decrease of nations'
manufactures. Formerly the protectionists used t
reproach the free-trader 3 with putting forwart-
theories unsupported by statistics. Now they have figures
enough before their eye,s, but they suddenly discover time
no faith must be put in them. English traders must be
flattered at M. Estaneelin's method of explaining all ze:,
the troublesome numerals which interfere so sadly wit:
his logic. The official returns must not, he says, be de
pended on. The value of the imports is under-rated, am:
that of the exports over rated. The English importers are
accustomed to make out two invoices—one of the rue
price for the purchaser, and another, according to whicl
the import duty in France is paid, which fixes tl
value of the goods at 40 or 50 per cent below their rea
worth. A month ago some English tissues were import%
at a declared rate of 3f. 25c. The Customs seeing the..
were under value charged them at 4f. 25c., and a mercb
at Rouen offered to buy them at sf. 50c. flit,
was one of the most striking instances cited by M.
Estancelin and it created some sensation in the Chamber;
but unluckily for him it was too circumstantial, for it
called up the Director -General of Customs, M. Ome,
who simply remarked that such a case was not
possible, as goods of that price were taxed ac-
cording to weight and not to value ! Further, the
Government possessed the right of preemption, and
had the power to purchase imported goods at theit
declared price. It would consequently be rather an
unwiso speculation on the part of British traders tc
undervalue their goods to pass the official inspectior
M. Estancelin thereupon declared that M. Azennc
(the Government Commissioner) had refused tu
face a public meeting at Rouen, and that in Englam:
the freedom of the chief cities was offered to the
authors of the Treaty. M. Azenne protested that this was
inaccurate. He had presided over the Chamber of Commerce
at Rouen, and had received delegates from the chief firms. If
was only when he wished to reply that he found there
was a fixed intention to hear no explanations. Later on
M. Prax-Paris pointed out the inconsistency of the pro
tectionists in requiring the denunciation of the Treaty
before the parliamentary inquiry. If the inquiry shewed
that the nation preferred the Treaty to a system of
tariffs, the question would naturally be asked why
had it been abolished. Great complaints have been made.
as you know, of the privilege granted to the Emperor of
signing treaties of commerce without consulting the
Chamber, but M. Prax-Paris reminded his hearers that
M. Thiers in 1832, M. Duchiltel in 1834, and M. Leon
Faucher in 1837, had all failed to reform the tariffs.
The fears entertained at the passing of the Treaty that
France would be inundated with English goods had prove('
entirely misplaced, since France had exported to Great
Britain more manufactures than she received from there,
111. Jules Simon is likely to be a valuable champion of
Free Trade, and has commenced a vigorous speech just
before the adjournment.

The dispute in the Legislative Body between M. Gam-
betta and M. Emile 011ivier has formed the subject of com-
ment in several journals. The Constitutionnel blames M
Gambetta for the violence of his language, and
declares that the Radicals believe no man can
serve his country unless he is in the ranks of
the Opposition, and also that a politician must
keep fixedly to one set of opinions during the
whole of his career. The Patrie believes that
extreme opinions have the effect of vulgarising the mind,
or how otherwise could M. Rochfort's smart writing in the
Figaro have changed to his wild effusions in the Marseil-
laise? M. Gambetta has deteriorated in a similar manner.
The Journal de Paris does not think that M. 011ivier's
language justified the remarks made by M. Gambetta, and
at any rate that he compromised a well-founded complaint
by his useless violence. The Presse is indignant because
the cause of liberty loses by these irritating discussions.
Yesterday evening there was a complete lull in the dis-
turbance which had hitherto prevailed in various parts of the
town. The singers and rioters, who had frequented the
Rue d' Aboulkir seemed to understand that any noisy-
demonstration would be summarily dealt with, ant'
therefore had the good sense to forego their nocturnal
pilgrimages. Their wise intentions were no doubt con
firmed by the intense cold which prevailed, and which
was in fact a fortunate occurrence.

The examinations in the Bonaparte trial will not be
completed so soon as was supposed, and it does not seem
easy to fix a day for their probable termination. At each
sitting the investigating magistrate finds himself under
the necessity of hearing fresh witnesses, and the informa-
tion be thus acquires continues to increase. M. le President
d'Oms devotes all his time to the consideration of the case,
and conducts the business with a promptness and a courtesy
which the witnesses are themselves the first to acknow-
ledge. Prince Pierre Bonaparte has chosen for his counsel
M. Emile Lerond, barrister of the Imperial Court of
Paris, who has already conducted several cases for tbs
Prince.

M. Vermorel has written to M. Rochefort concerning the
accusation he made against him in the Chamber,and summon:.
him to produce at once, before a jury composed of honour-
able citizens well considered in the democracy, the proofs
which he is bound to furnish. To this M. Rochefort has
returned for answer: "In declaring to the Minister of Justice
that you were supposed to have certain relations with th::
police, I only repeat what you have yourself twenty timel,
brought upon the tapis at public meetings. You car
nevertheless form at your leisure a jury of honour; and 1
even hope it will acquit you. As for myself, I have wit
nessed too often the efforts which you unceasingly makr,
to create trouble and division in the Republican party."

The printer of the Reforme has refused to continue
printing that journal, and it will be continued in future,
without a printer, it is said.

It appears that the metal mills at Chatham
dockyard are not, as it had been feared at Chatham,
to be abolished ; but there is to be a reduction in
the staff employed. This will be effected by the
superadbuation of some of the workmen, and about
20 labourers will be removed from the mills to be
employed in other parts of the yard.
Capt. W. S. Braham, of the Royal Berks Militia,
has joined the School of Military Engineering at
Chatham to go through a course of instruction in
army signalling and telegraphy.
BUDGET OF MISCELLANEOUS.—A Chinese pre-
scription for fever and ague is said to tear a wonderful
resemblance to General Spinner's autograph.—The oldest
chutch building in America is at Bingham, Massachusetts.
It was erected in 1681.—Louisville now claims a popula-
tion of 159,000—and a wonderful growth in the past ten
years.—The New York Herald says the clergy cost the
United States $12,000,000 per annum ; the criminals,
$40,000,000 ; the lawyers, $70,000,000 ; rum, $200,000,000. A
—A discarded lover in Louisville wreaked his vengeance
by stealing the trousseau of the young woman the day be-
fore she was to marry his rival.—The severest earthquake
ever known in Eastern California and Nevada occurred at
six o'clock on Sunday evening, Dec. 26. The shock was
felt at Sacramento, Marysville, Virginia City, and other
towns. No serious damage, however, is reported. An ex
press train was detained near Reno by rocks and earth
thrown upon the track.—Young girls are now employed
as lamplighters in Buffalo.—A young lady of St. Louis
has just been awarded a twelve thousand dollar con
tract for laying street pavement.—Sea island cotton is
being grown extensively in Texas.-- The olive has been
cultivated in Florida, and on the coast islands of Georgia
for nearly a half century. The oil produced from it is
represented as fully equal to the best quality of French
oil.—Of the • sixteen Governors of Pennsylvania seven
were of German descent.—" Chicago, Jr.," is the name ap
plied by Chicago to Omaha.—A newspaper just started in
Oswego, N.Y., declares it will be neutral in religion and
politics, as it "knows very little of the former and nothing
whatever of the latter."— John G. Walker, who had charge
of the Chinese emigrants that passed through St. Louis,
writes to the Republican of that city that there is little
prospect at present of Chinamen supplanting negroes.
He says the Chinese are suspicious in disposition, and can-
not be retained except at the same wages as are paid to
other labourers. —The export trade from San Francisco
to New York, by sea, during 1869, aggregated $5,600,000,
of which 53 per cent. went by the Panama steamships.
100 packages of tea were sent to New York by railroad.
Four thousand tons of wheat were cleared from San Fran-
cisco for England on Tuesday, Dee. 28. Ten ships are
now loading there with whest for the same country.—
The losses by fire in St. Louis from January 1 to Novem-
ber 27, 1869, amounted to $641,770. Commissioner
Delano has received information of the existence in New
York city of organized bands for the purpose of gathering
up Internal Revenue stamps, which have been used and
cancelled, and after removing the cancellation they are
offered for sale again in large quautities.—Burglars
recently stole from a house near New Orleans a quan-
tity of silver ware wbich has been in the family
of the owner for one hundred and fifty years.—
N early 500 Chinese from California arrived at Louis Dec.
28, en route to Texas, to work on the railroads there.—The
Legislature of Vermont, at its last session, chartered a
company for the breeding of horses. It is to have a capi-
tal of $lOO,OOO, and has liberty to increase it to $250,00.
It !proposes to buy, import, breed, grow, and improve
horses--Swedish settlers in one county iu Minnesota
have sent $5,000 to Sweden during the past ear,
,t4aid
6' itierida add rant /et itl antitiig to Amer;