The Sun.
London, England, 1846-02-09 00:00:00

mswi-
-3 u N. 1846.
MON DAY FE BRUARY • 9)

•
SALES BY AUCTION•

BISHOPSGATE-STREET, in the City of London.—To HOTEL
and TAVERN KEEPERS, Speculators, and others.—Valuable
FREEHOLD PROPERTY (land tax redeemed), comprising
the BULL INN and TAVERN, Coach and Waggon Offices,
and extensive Premises in the rear, &c., producing Rents
amounting to 8451. per Annum.
MR. 'N. W. SIM PSON has received instruc-
a. from the Trustee under the will of Isaac Laughton
Marsh, Esq., deceased, to offer for SALE by AUCTION, at the
Mart, on TUESDAY, Feb. 17, at Twelve, in Two Lots, the follow-
ing valuable property:—

Lot 1 comprising that extensive and old-established Tavern and
Hotel, designated the Bull Inn, desirably situate in Bishopsgate-
street within. The property comprises a spacious coffee.room,
bar, bar.parlour, with several well-arranged sitting-rooms, and 36
convenient sleeping apartments, appropriate domestic offices, and
servants' rooms; arched beer cellars and wine vaults, of an extent
commensurate with the business which has heretofore been carried
on. A house and Tap in the yard, which, from the situation,
commands a good trade, under let to Mr. John Kerrison. The
above property is let to Mr. Thomas Ginger, who holds until Mid.
summer Day next, under the terms of an expired lease, at a re-
duced teat of 3001. per annum. A Dwelling-house in the
yard, in the occupation of Mi. R. .vf. Shorter, at 251. per annum.
Lot 2. Extensive range of Premises, adjoining the last Lot, and
in the rear of the inn, comprising coach and waggon-offices, spa•
clouts warehouses, coach-houses, stabling for 74 horses, with lofts
over, in the occupation of Mr. R. M. Shorter, whose business is Of
that magnitude as to require and fully occupy every portion of these
premises, under an agreement, at a rent of 5201. per-itnnum. The
above property is situate in the heart of the City, immediately ad-
' joining the Excise Office, and being in the vicinity of the improve
ments now in progress, greatly enhances its present and prospective
value. It is well adapted for a depot or terminus, should it be
required by any railway companies now about to be formed, or for
a brewery or distillery, or for any other purposes where extensive
premises and surface are required.
'The property may be viewed by permission of the tenants; and
particulars, with plans annexed, may be had in due time of Messrs.
Desborough and Young, solicitors, 6. Sise-lane, City; at the Mart;
and of Mr. W. W. Simpson, 18. Bucklei,bury.

IN THE CITY OF "LONDON.—VALUABLE FREEHOLD
PROPERTY, situate No. 91, Bishopsgate-street.
MR. W. W. SIMPSON has received instruc-
tions from the Trustee under the will of Isaac Laugh-
ton Marsh, Esq., deceased, to offer for SALE by AUCTION, at
the Mart, on TITESDAY, February 17, at Twelve,
A valuable FREEHOLD PROPERTY, coraprisihg a substan.
tially.built Freehold House and Shop, desirably situate No. 91,
Bishopsgate-street, containing five bed-roc ms, handsome drawing.
room, dining and breakfast parlours, two kitchens, cellars, water
closets, &c., the whole well arranged and fitted up in a superior
style. The premises, which are in excellent repair, are let on
lease to Mr. Henry Peacock for an unexpir2d term of 21 years, at
a ground rent of 39/. per annum, and in the occupation of Mr.
Tyler, at a rent of 1401. per annum. The commanding situation
of this property renders it very desirable for investment.
The premises may be viewed by permission of the tenant, and
particulars, with plan annexed, may be had in due time of
Messrs. Desborough and Young, solicitors, 6, Sise-lane, City ; at
the Mart; and of Mr. W. W. Simpson, 18, Bucklersbury.

SPALDING, LINCOLNSHIRE

FREEHOLD BREWERY, with 25 INNS, PUBLIC, and BEER.

HOUSES, &c.
MR. W. W. SIMPSON has received instructions
from the Proprietor to offer for SALE by AUCTION,
at the New Bell Inn, Spalding, on THURSDAY) Feb. 12, at Two in
the afternoon, in 28 Lots,
The ALBION BREWERY, situate in Double-street, Spalding,
comprising a convenient residence (occupied by Mr. Proctor, who
has the management of the concern), a paved yard inclosed from
the street by folding gates, in which is the brewhouse, with tun
rooms and extensive malt and hop chambers, counting.house,
Cooper's shop, and cask sheds. Across the lane leading to the
river is a spacious store room, large yard approached from Albert-
street by folding gates, an excellent malthouse with 16-quarter steep,
two working floors, kiln, and screening room, with barley chambers
of ample dimensions, waggon and dray shed, coal-house, &c. ; also
a well-house, in which is a well affording an abundant supply of
excellent water to the brewery and malthouse. These buildings are
brick-built and slated, and in a very perfict state of repair ; they
possess a commanding frontage of nearly 260 feet to the river
Welland, which communicates with Stamford, and is navigable
to the sea, thus the property must always be exceedingly valuable
from its great extent and the facilities afforded by the cheap
transit of water carriage; and the brewery buildings and yard
at a very moderate outlay might be rendered available for any
other mercantile business; together with twenty-five inns, public
and beer-honAes, &c., situate in Spalding, Pinchbeck, flosberton,
Donington, Thorlby, Weston, Moulton, Whaplode, Holbeach.,
Fleet, tiedney,atid Crowland. Three fifths of the purchase money
oa any of the Lots may remain on the mortgage thereof at four per
cent. per annum.
Particulars of the property (which may be viewed on application
to the _respective tenants) mry be obtained pf Messrs. J. R. Carter
and Son, solicitors, Spalding ; of Mr. William Proctor, who will
snow the home premises; and of Mr. W. W. Simpson, estate,
brewery, and distillery agent, &c., Bucklersbury.

OYAL POLYTECHNIC ENSTITUTION
Lectures on CXEMLOTRY, with Brilliant Experiments,
Dr. Ryan, daily at Half-pas!. Three, and on the Evsmings of
Mondays, Wednesdays, and Fridays, at Nile o'Clock. A Lecture
on tho A.TMOSPMERIC RAILWAY, by Professor Bachoffner, a
Working Model of which, ea,r;,lvg several persons, is exhibited
daily. The additions to the OPAQUE MICROSCOPE, DIS-
SOLVING 'VIEWS, and CIIROMATROPR arc very effective. The
PtIYSIOSCOI'E. Submarine Experiments by means of the *ITER
and IS (VINO BELL. Among the varions.additions.to the working
Models is Coleman's NEW AMERICAN LOCOMOTIVE ENGINE,
•for as ending and de=cendlng Inclined Planes. A magnificent Col-
lection of TROPICAL FRUITS. Mr. Dowue, the celebrated Flute
Player, will take part in the Music, conducted by Dr. Open
from Eleven to lialf-past Five, as from devea to *air-past Ten in
the Evening.
Admittance, One Shilling. 6'chools, Waif-price.

GENERAL CEMETERY, Kensal-green, H.ar-
row-road.
The new MONUMENTAL CHAMBERS are completely FINISHED
fur the reception of Statues and Monuments of value, under
cover, where they will be as secure from ccident and weather as if
erected in a Cathedral Church. His late Royal Highness the Duke
of Sussex is interne i in this cemetery, as are also many deceased
members of the nobility. The Chambers can be viewed from Ten
till dusk.

The charge for an interment in the public vault, contigu
ous to the Monumental Chambers, is • • • ••••• • • • • • Xi 4 0
Private catacomb usider colonnade 10 10 0
Common interment in the Cemetery 1 5 0
Private grave in perpetuity .
•3 3 0
Any further information may be obtained at 95, Great Russell-
street, Floomsbury ; or at the Cemetery.
G. W. H. CROFT, Secretary.
THE PROVIDENT CLERKS' MUTUAL
BENEFIT ASSOCIATION AND BENEVOLENT FUND,
42, Moorgate .street, Jan. 24, 1846.
Notice is hereby given, that the FIFTH ANNUAL GENERAL
MFETING of the DONORS, SUBSCRIBERS, and FRIENDS of
the BENEVOLENT DEPARTMENT of this ASSOCIATION will
19c held at the London Tavern, Bishopsgate street, en WEDNESDAY,
February 11.
The chair will be taken by JOHN ABEL SMITH, Esq., M•r,
the Treasurer, at six o'clock precisely.
By order of the Board,
GEO. THOMAS, Chairman.
THOS. MULLINDER, Secretary.

RO 1/44.404V-K-IrgksitvK;• S S A-R. 0I L
preserves and reproduces the Hair ; prevents it from falling
off or turning grey ; restores grey hair to its original colour ; frees it
from scurf and dandruff, and renders it soft, silky, curly, and glossy
—facts abundantly proved by innumerable testimonials, which are
open for inspection at the proprietors. As a mild stimulative, cor-
rective, and preservative agent, ROWLAND'S MACASSAR OIL
has the exclusive patronage of the several Sovereigns and Courts or
Europe, and with rank, fashion, and discernment, supersedes all
preparations of professed similar import. A small pamphlet accom-
panies each bottle of Rowland's Macassar Oil, wherein important
hints and advice will be found on the culture of the hair of infancy,
and on its preservation and beauty through the several stages of
human life.
CAUTlON.—Unprincipled shopkeepers, for the sake of gaining a
trifle more profit, vend the most spurious trash under the title of
"Macassar Oil." It is therefore imperative en purchasers to see that
the words BOWL AND'S MACASSAR OIL, are in two lines
on the wrapper of each bottle, and on the inside of
the wrapper nearly 1,500 times, containing 29,028 letters.
Price 3s. 6d., 7s. Family Bottles (equal to four small), 10s. 6d., anA
double that size, 21s. per bottle.—Sold by the Proprietors, A. ROW-
LAND and SON, 20, Hatton-garden, London, and by Chemists and
Perfumers.
*.* All other Macassar Oils are Fraudulent Counterfeits.

MONEY MARKET and CITY NEWS.
FROM THE MORNING PAPERS OF SATURDAY.
TIMES.—The Public Securities have again advanced, and
Consols, for the Account, were done in the earlier hours of
business at 971/s. It is understood the jobbers " prepared
the market" (to use a technical phrase) for the appearance
of the Chancery broker, who was expected as a purchaser.
He, however, did not come forward, and hence several of the
speculators effected sales to realise the profit of the late rise.
Considering the advance in the value of Consols during the
last few days to have been nearly two-and-a-half per cent.,
it is not surprising that we should find parties desirous of
closing their transactions to secure the profit they have se
was very steady at-
,rehhoawseesvelrik,
like those of Wednes-
day end Thursday were again made, prices must go higher.
rtheaedeill3orseobotfaibnuesdi.nesTs,heanmdairfkpeut
There was a demand for bills upon Hamburgh to-day,
which rather depressed the rate of exchange upon that place.
Paris, Vienna, and Trieste were, on the contrary, rather
higher 'than last post; and for Holland and Belgium the
prices remained about the same.
The following letter was sent to-day to the Treasury by
the East India and China Association :
" My Lords,—The non-arrival of the Bombay mail up to
this time, and the little probability of its now reaching Lon-
don until after the outward mail to India is dispatched to-
morrow, force upon us the necessity of drawing your parti-
cular attention to our letter of the sth ult.
" But for the accidental circumstances of an Austrian
steamer being at Alexandria, Government would have been
at this moment in ignorance of the military operations going
on in India ; and the disappointment to the mercantile com-
munity by the want of promptitude in bringing on their
letters is widely and deeply expressed. We therefore again
beg to impress upon your Lordships' attention the necessity
of some arrangement by which such delay may in future be
avoided, and nothing occurs to us more advisable than
having a steamer to run direct between Alexandria and
Marseilles.—We have the honour to be, &c.,
"GEORGE LARPENT, Chairman.
" S. GREGSON, Deputy Chairnrali.,.
" To the Right Hon. the Lords of her Majesty's
Treasury."
Some speculators of the higher class are reaping an ex-
cellent harvest from the unfortunate clients of the Accountant-
General, the depositors for railways. Having had the sa-
gacity.to foresee that the sums committed to his custody
must shortly conic out again for investment, they took their
.measures accordingly, and while -the money-market was
under continued strain and pressure through the efforts of
the railway companies to obtain ba# notes for their depo-
sits, these parties regularly bought CO.sols for time, and find
themselves now in possession of a large amount of stock,
which they can dispose of at a great profit to the broker
of the Court of Chancery, acting for the depositors.
These unfortunate persons are therefore a butt for all
to aim at, and as regularly victimised as it is possible
to be. Whether they:have to buy or to sell, all their trans-
actions are known before they take place; and their business
beim); confided to a public officer, who has no discretion in
making contracts, they are sure uniformly to pay the highest
and to receive the lowest price of the day.
We have heard it stated that when these railway deposits
first began to accumulate in this department, and the atten-
tion of the public was drawn to the mode of doing business,
some increase of activity was manifested, and orders to re-
invest were actually obtained in three days after the certifi-
cate was received; but this could not long be kept up, and of
late—that is, for the last three weeks, when the pressure
upon the money market was moat severe—this most essential
process for the relief of that pressure could seldom be got
through in less than eight or ten days. Such sluggishness
is tnanifestly an incurable disease, and nothing remains but
to deprive the office of this part of its functions, and commit
them to hands accustomed to the practice of banking and
acquainted with the wants of the monied interest.
Those who have most suffered by the crisis are, perhaps,
the merchants and traders of the middle class, who in point
of generatcredit are trustworthy, and their bills usually in
as ready acceptatLe for discount as the class above
them; but as they commonly carry on their business by
draughts at four months or longer, to enable them to make
their returns, they have been often left altogether without
accommodation. The bankers and the great discount brokers
were preparing for the calls to be made upon them by the
railway companies for the deposits, and a bill having so long
a period to run, though its soundness was unquestionable,
would not even be looked at. These parties were in the habit
of trusting heretofore for help to their own bankers, or to the
discount houses, and kept no accounts with the Bank of Eng-
land which should give them access to its facilities, but they
found there most unexpected and liberal aid, without which
numbers of them must have yielded to the pressure. Bills of
small amount and of long dates were as freely taken as the
longer engagements of the superior merchants, and at rates,
though of course somewhat above the Bank limit in their
loan transactions, not materially so.
This being the last day for receiving payments for railway
deposits, money for that purpose has been in active demand,
the more so in consequence of the Report of the Committee of
the House of Lords, which has reduced the amount required
from 10 to 5 per cent.; but it has not probably been made
public in time to produce any material alteration. New
arrangements to any great extent were not practicable in the
course of the few hours that remained. The whole amount
passed to the credit of the Accountant-General, for such de-
posits is now understood to be very near 11,000,0001.—a suf-
ficiently large sum to deal with in the management of the
circulation; and unless some greater dispatch than for the
last fortnight is ad, pted at the Accountant- General's office,
the pressure on the Money-market, which many persons were
this morning inclined to think at an end, may come on again
with greater severity than ever.
Since writing the above, we have heard that the actual
amount of the deposits has reached 11,492,000/., exclusive of
the obligations of the chartered companies, who may give
bond under their common seal for the amount, which is pro-
bably a full million more, and exclusive of Scotland and Ire-
land. Of this gross sum, orders have at present been given
for the investment of 2,000,000/. in Stock and Exchequer-
bills, of which about one-half has been already invested.
CHRONICLE.—The deposit crisis may now be looked
upon as fairly at an end. The depression in the public se-
curities, occasioned by the sales of Stock on the part of rail-
way committees to provide the money for the Accountant-
General, has been followed by a re-action for the rise quite
as great and much more rapid than the previous decline.
The amount actually paid to the Court of Chancery has been
about 11,000,000/. Our contemporary, who would not
take it for some time at a farthing less than 30,000,0001.,
now admits that nine millions is about the mark, and
that his recent descent to 5.000,000/. was quite as
wide of the truth as his former estimate of
30,000,0001. The standing orders have been com-
plied with, and all this money placed in custody
of the Accountant-General not, it is true, without
a pressure of some severity on the Money-market—but cer-
tainly without any disastrous consequences. It has been
found in money too, without any alteration or relaxation of
the law or rules of Parliament. The transaction has been
brought to a successful termination, in spite of attempts to
create uncalled-for alarm, and to raise up unnecessary ob-
stacles. Those who said it could not be done, now admit
that it has been accomplished, and have the candour to own
that it has been skilfully managed. Complaints now ema-
nate from the same quarter against the loss which railway
companies suffer in re-investingto. They were compelled to
sell stock for notes, say at 944 95, and have now to buy
stock again at 974. There is some truth in this • but it is
to be kept
in view that the re investment on the part of
railway companies of their pde osit money is purely volun-
tary. There is no legal requisition to compel them to
convert their notes into Stock or Exchequer-bills. They
may allow their money to remain in the hands of the
Accountant-General, if they feel disposed to do so, until it
be absolutely required for. bond fide objects. No doubt it
might, in that case, be unproductive; but it would at least
be safe, and free from the changes and fluctuations which fre-
quently affect the funds. Supposing a fresh re- action to
take place, and that Consols should again give way—that
their price some months hence should be 95, in place of 97
those railway companies who have re-invested at the latter
figure, should they find it requisite to realise their Consuls,
would suffer a further loss We do not say that the funds
are more likely to fall than to rise. It is a moot point which
way the movement will be developed ; but the present price
is not looked upon, cannot be ccnsidered as a natural one.
It is the effect of a special cause—the demand created by the
investments of railway deposits. These have their limits,
and when that demand ceases to act, it remains to be seen
whether the funds will continue steady or experience fluc-
tuation. '
Discounts are still scare in the commercial world. The:mini-
mum rate at the Bank of England still rules at 3% per cult.

POST.—The stock markets, as was rather confidently an
ticipated yesterday eveninceifrom the manner in which th
day's business concluded, have again advanced, and once
more closed considerably better. A number of brokers held
orders to sell stock at a certain limit, and on coming into the
house to fulfil the instructions of their principals, they met
with ready buyers ; so much so that prices, which opened
higher, advanced, instead of receding. Several leading °pee-
rators, who are usually to be found on the side of the bulls,
'have of late, presuming, no doubt, upon good information,
been heavy bears; but, the time having arrived when it
counter policy had become desirable, the influence of a re•
turn to their ordinary transactions for the rise has been
brought to act upon prices. Consols were done as high as
971/. for Accouut, but, as towards the close of business,
some of the speculators were once more induced to
realise profits, a slight reaction occurred. Upon the
whole, the improvement was full three-quarters per
cent. on yesterday's highest quotation. To-morrow the
first effect of the termination, to-day, of the payment of
deposits to the credit of the .Ilccountat-General will be seen.
The total amount paid has been ascertained to be
11,492,000/. Of this sum one eminent banking firm &dote
supplied as much as 3,000,0001. The payments of deposits
constitutiug this aggregate amount were made by chequO,
and without the intervention of a single bank • note, the
former being accepted as a valid and satisfactory medium of
payment to the Accountant-General.
The advance in the Consol market produced a better
feeling among the share speculators. South-Eastern
Railway, as well as the Buckinghamshire, and
the Sambre and Meuse, advanced. London and
York, on the contrary, declined, but this was in
consequence of the proceedings in Parliament. One
passage in the report of the Committee of the House of
Commons has a very important bearing on the proposed
lines between London and York. We allude to the follow-
ing:—'° That it is expedient that all Bills which ought to be
considered to compete in connexion with any Bills, the pro-
moters of which shall prove themselves entitled to the privi-
leges agreed to be granted in certain cases, by a resolution of
the House on the 7th of July last. shall commence in the
House of Lords." The practical effect of this resolution is
to place the Direct Northern Company on an equality with
the London and York. Both will now commence in the
House of Lords, and there can be little doubt, if the inte-
rests of the shareholders and of the public are duly consi-
dered in that assembly, that an amalgamation at some stage
or other of their progress must take place. The friends of the
two Companies must be of opinion that the sooner the event
occurs the better it will be for all parties. The public re-
quirement will be answered, and much needless waste of time
and money avoided.
HERALD.—The last day far the lodgment of the railway
deposits has at length closed, and the final result has to the
fullest extent verified the view we have all along maintained
—namely, that there was no real ground for assuming that
the modes operandi would produce any practical difficulty of
importance. Now, when the matter is concluded, it is very
clear that it would have been just as well that an arrange-
ment had been made to transfer Public Securities from the
bankers to the account of the Accountant-General, instead of
requiring the amount of the deposits in money ; but still, had
no apprehension been excited, the business would have
been quietly effected by the parties, without producing
any pressure worth notice on the discount market.
To the' unjustifiable alarm that was raised upon this
snbject, all the inconvenience which has been expe-
rienced by the commercial interest is exclusively attri-
butable. The result has, however, shown that the apprehen-
sion was utterly fallacious, and the only alternative left to the
Times and its abettors is to acknowledge a degree of ignor-
ance of the question not very creditable to the British press,
in the middle of the 19th century, or want of honesty to an
extent that we are reluctant to aver, even in the case of the
misleading journal.
In order to show that the difficulties that have been created
have been of great magnitude, and have produced immense
sacrifices of mercantile property, the Times of to-day quotes
the authority of Truman and Cook, by an extract from their
monthly circular, which is got up for the special in-
struction of the people in India and China. At no time
do we consider these letters correct exponents of the
London Money-market, when they profess to soar above
mere common place, and in the present case the state-
ments made are at direct variance with the testimony of
the best informed persons in the Colonial market, in
Mincing-lane. That considerable difficulty has been expe-
rienced in the commercial discount market is an undoubted
fact, as we have repeatedly stated; but at the same time the
opinion was universal that the pressure would be but tem-
porary, and great forbearance was consequently exercised,
and it is altogether a mistake that great losses had been sus-
tained by forced sales of mercantile property. We are quite
aware that by showing this to be the actual state of the
matter it may be presumed that we are making out a case
in mitigation of the mischief done by the Times, for in pro-
portion to the extent of such sacrifices, so in proportion is
the turpitude of that director of public opinion. Such a de-
duction would not, however, square exactly with the truth.
The averment that immense sacrifices of property have been
made is only following up the same principle previously
acted upon, namely, to propagate distrust and suspicion even
beyond the advent of the railway deposits, for the ob-
vious inference is, that the persons that have been compelled
:o make the said sacrifices must now be in doubtful credit. N

(From the Observer.)
It is now very limy weeks sinee, writing from the
information derived from practical and influential men,
that it was stated under this head that the fall in the
values of the Public Securities could be but of a tem-
porary character, and that the attempt so zealously made
to excite alarm by a leading daily contemporary would
turn out to be at least founded upon peat exaggeration.
Furthermore it was' stated that, upon all reasonable
din-
ferences,
awith the general reservation that peace and
tranquillity should not be interfered with, either as
respects home or foreign relations, the quotations of the
Public Securities would rapidly ascend to the high point
paid before the forced panic in the railway world was at
its zenith. And very nearly has the opinion then ex-
pressed been realised. Consuls have this week advanced
almost continuously, and have attained a value within
1 per cent. of that realised ere the deposits upon new
railway projects required for completion that nume-
rous sales of Stock and Exchequer-bills should be made.
Hence the reaction in Consols, &c. of about 54 to 6 per cent.
upon a value acknowledged to have been high, and out
of all proportion to what was the rate of interest upon
the first class of commercial paper. The most extraor-
dinary fact in reference to the state of the Money Mar-
ket, and as exhibiting the fallacies of the assertions of
the panic mongers, is that with deposits daily, and al-
most hourly increasing at the Bank of England, on be-
half of the managing body of fresh railways, amounting,
according to the last returns, to about 11,000,0001., re-
mains to be recorded. This large amount of capital
until the last eight- and, forty hours, or the great bulk
of it, has been actually kept hermetically closed up,
either in the hands of the private bankers, or in the pos-
session of the directors of the Bank of England. And
how is this fact established ? Why, by a reference to
the last Bank returus. It appears that under the bead of
" other &posits" in the weekly return from the Bank,
there was not less than 17,000,0001. and over, and with-
out producing anything like a panic in the Money Market,
or requiring any measures of a coercive tendency on the
part of the directors of the corporation. The chances now
are that era the month of April arrives the Three per
Cent. Consols will again touch par. Mercantile men,
however, it must be confessed, are not very anxious now
to operate with vigour, nor will they do so until the new
measures of the Premier be carried out, and hence there
are much larger balances in the hands of bankers and
the discount houses than is usual at this season of the
year. And the same remark will apply to and account
for the present condition of the Stock Markets, but only
to a limited degree. The present favourable aspect of
the Funds, may in truth be stated in a few and concise
words. As the decline was occasioned by sales to pay
railway deposits some months since, and as re-invest-
ments have been recently commenced, the present
supply is scarcely equal to the demand. Most
especially, too, ought it to be borne in mind that
all fears of a panic and re consequent necessity of the
screw being put upon the i irculation, have for some time
ceased to operate upon the minds of bona fide fundholders.
The almost daily purchases of the G. vernment Brokers
—say to the amount of from 21,0001. to 22,0001., in
diminution of the Public Debt—on behalf of the Savings'
Banks (5,0001 on each Transfer Day), and for the An-
nuity Fund, have, of course, strengthened the movements
of the operators for a rise, and per contra, led to many
and serious lapses, it is to be apprehended, on the part
of the Bears. The remarks upon the transactions of
the first week of the present month may be wound up by
stating, as far as the brokers and johl.ers are concerned,
it has been one of considerable profit, business having
been very animated.

THE OVERLAND ROUTES VIA

TRIEST E.

TO THE EDITOR Of MB TIKES.
SIR,—At your request I send you the following brief ac-
count of my route from Trieste, from which I think it will
appear that the journey was performed under almost every
possible disadvantage :
The Directors of the Austrian Lloyd's had no expectation
that the steamer expected from Alexandria would bring
public dispatches, and therefore neither in Trieste nor along
the whole route were any preparations taken beforehand for
a speedy journey to England. But on receiving very im-
portant Indian dispatches along with a packet for the Times
paper, the Directors immediately determined to forward the
latter, and I was commissioned to undertake the journey.
ppar.sts.,uedl
mlefyt
journeyo Triesten the f
02
br9yt
DI a
wwoianfyo
was forced to change my carriage. From Ceneda I passed
where I
oa fn d January,pa afaantl
oc ovan eighte
,t
o n o'clockc et
n eds
through many small villages, in which it was often difficult
to obtain horses, so that I lost much time, until I came
to the Brenner Pass, on which the snow lay very deep.
My first point, after passing the Brenner, was Inns-
pruck ; from that city I pursued my course to Kempten,
and, during fifteen German miles, I found in many
places the snow three or four feet deep, which, as the
post was not expected that day, had not been properly
shovelled away. From Kempten I made for Ulm, through
continued pouring rain, which made the roads very
heavy. From Ulm I went to Stuttgardt, the rain still
continuing, and the roads being as heavy as before. From
Stuttgardt I went to Carlsruhe, with the view of meeting
another officer of the Austrian Lloyd's, who was to have
received my dispatches and brought them to England. Had
this not been enjoined I should have gone by a shorter
way from Stuttgardt, by Bruchsal, to Mannheim. On
reaching Carlsruhe, the officer I sought was not in the
way, and I therefore proceeded myself to Mannheim.
where sI expected to_ find a steamer ; but, no boat

. . „
being to be had, I was forced to post thence
to Mayence, where I again attempted to procure a
steamer, with no better success. I therefore posted
to Cologne, and found the road so flooded by the
Rhine, that the water was up to the horses' girths, and often
came into my carriage, rendering it difficult to keep my dis-
patches dry. Under these circumstances it was impossible to
drive at more than a foot's pace. From Cologne I went by
the railroad to Ostend, which I reached at 9 o'clock in the
evening of the 3d of February, and at 3 o'clock on ;he morn-
ing of the 4th embarked for London, where I arrived at half-
past 5.-1 am, Sir, your most obedient servant, ,
JOSEPH FRIGELMULLER.

PRICE si).

NEW METROPOLITAN PARK
AND BRIDGE.
The following is an abstract of the fifth report of the
Metropolitan Improvement Commissioners:—
In the year 1843, in connexion with the inquiries in-
stituted by this Commission into the practicability of an
embankment of the north side of the Thames, between
Battersea and Vauxhall-bridges, the attention 'of your
Majesty's Commissioners was very earnestly directed to
the expediency of purchasing and appropriating to the
before
faTroi
bearings,
Surrey
eyi
indeed
eprinciples
themd, sidets
that
oa ftss
hot3uoh,
of
fudi river.
i givmne
securing
purposes of a public park a portion of the large and yet
unoccupied space known as Battersea-fields, an the south
the
te
essedti
defective
andf. pecetionvmespacessmoiconditions so
n feor
Commissioners
important t
could
one public
tail
jsettcot aocfkn thiso essentialw
particulars
it;crut,l a
resbxuco tef,ptw manyiutha dptehorer
portions
ss
your Majesty's Commissioners would- have
difficulty in giving practical encouragement to the
sub'
cir-
cumstances which now appear to them to render the
project deserving of the
ofearly consideration of your
Majesty's Government and of Parliament.. .
- The appropriation of Battersea-fields, originally urged
upon this commission by Mr. Thomas Cubitt. (in his
evidence delivered before the Commissioners in 1843),
was subseque:ltly pressed upon its
and Rev. Robert Eden, as vicar of Battersea.
Your Majesty's Commissioners, however, found enough
in the evidence of these gentlemen to justify them in
making the project of a park at Battersea the subject of
further investigation ; and they accordingly instructed
their professional officer, Mr. Pennethorne, in communi-
cation with the gentlemen already named, to examine
carefully the locality, to inform himself of the greatest
extent of ground advantageously ,available for the pur-
pose, the various tenures to which it was held subject.,
and the prices at which any portions of it had been re-
cently sold ; and to lay before them a plan and estimate,
showing the result of these inquiries and the mode in
which the site proposed might be most profitably and be-
neficially appropriated.
The result of these proceedings was to bring under
the consideration of your Majesty's Commissioners, in
the first instance, three plans—viz., that of Mr. Eden,
embracing a site of 313 acres ; a pan of Mr. Penne-
thorne, comprising 179 acres ; and a plan designed to
represent the principle of a terrace only, by the river
side, comprising an area of not more than 96 acres.
Each of these plans occupied an equal, or very nearly
equal frontage, to the river.
Upon a careful examination of these, with reference
to the mode of appropriation which each would best ad-
mit of, Mr. Pennethorne was of opinion that the ulti-
mate cost to the public would be about 52,000/. ; and of
the third, 26,000/. ; the saving in the last two of these
cases being, in fact, effected by a corresponding sacrifice
of those advantages which, in the opinion of this com-
mission, would give to the project its chief recommenda-
tion as a public measure.
Your Majesty's Commissioners have adverted in the
second of their reports to a project (promoted by a pub-
lic company) connected with the proposed embankment
between Battersea and Vauxhall, for constructing a
bridge across the Thames, in continuation of the exten-
sion of Sloane-street to the river-side. They requested
the attendance of Mr. Bird, the engineer to the Com-
pany, and they examined him to an extent sufficient for
all the purposes of this inquiry. From the evidence of
Mr. Bird, it appears that the promoters of this measure
'ps'oeeofcffutelheli
teauirlidtogdn:trwnhnti:eoant evidence
have no Bill before Parliament ; that the estimates are
based upon the assumption that the embankment will be
first completed ; and that the proceedings of the Com-
pany are, in fact, dependent very much upon the pro-
gress of that improvement.
In pursuance of instructions,' Mr. Pennethorne pre-
pared and laid before this Commission a plan, com-
prising in the whole an area of 320 acres; and the
result of a revision of his estimates upon the basis of
the erection of a bridge (but exclusively of the cost of
embanking the river) exhibited a probable outlay, in
purchasing and laying out the ground fur the park, of
154,2501., and a probable return for this expenditure of
179,2501., making a balanc in favour of the undertaking
of about 25,000/. We think it right to state, however,
that an embankment of the frontage to the river would
appear to be an essential feature of this plan, and that
the cost of such embankment would absorb the larger
portion of that balance.
In pursuance, also, of instructions received from this
Commission, Mr. Page, who, as civil engineer. is em-
ployed on the embankment recommended on the Chelsea
side of the river, laid before your Majesty's Commis-
sioners designs and estimates of three descriptions of
bridge, to form the communication between the Mid-
dlesex and the Surrey shores, at the point already re-
ferred to—one of brick, having seven arches, and being
42 feet in width, the cost of which he estimated at
50,0001 ; one of timber, on piers of brick, having Ave
arches, and being of similar width, estimated to cost
35,0001. ; and a suspension-bridge of iron, not exceeding
35 feet in width (being that of the bridge at Hammer-
smith), the execution of which he considered to be prac-
ticable at from 45,0001. to 50,000/., contingencies in each
case inAuded.
Your Majesty's Commissioners were of opinion that,
in principle, a suspension-bridge presented the most
eligible mode of crossing the river, as admitting, from
the thinness of its floor, of a better headway to the
traffic on the river, in conjunction with an easier incli-
nation of the roadway above ; and as involving the
smallest practicable diminution of the navigable channel.
It appears tha,, allowing 24 feet 9 inches for the head-
eay above high water, and 40 feet for the width of the
road and footways between the respective shores, such
a bridge may be constructed at an expense not exceed-
ing in the whole the sum of 60,0001.
From the report of Mr. Clark (the civil engineer) it
appears that he is not aware of any modification of the
principle of suspension, as at present applied in this
kingdom, the adoption of which be would deem advis-
able in the present instance ; and that he estimates the
probable cost of a bridge upon the ordinary principle,
over a water-way of 750 feet, at Battersea, in width not
less than 35 feet, and in the centre 23 feet above high
water (Trinity datum), at about 45,0001. Looking to
this testimony, therefore, in conjunction with that of Mr.
Bird (already referred to), which probably includes a
sum for expences beyond the outlay upon the structure
only, the sum of 60,0001, the amount of Mr. Page's
estimate, may be taken as the probable outside cost of a
communication across the river amply sufficient for all
the possible requirements of this locality.
Any estimate of the probable return for this expendi-
ture your Majesty's Commissioners are aware must at
the present moment be conjectural ; bat, looking to the
populous districts to be found on either side of the river
between Battersea and Vauxhall bridges, &c., your Ma-
jesty's Commissioners are disposed to rely upon the cal-
culations which exhibit a probable receipt from tolls of
6,0001. a-year, and a consequent return of not less than
10 per cent. upon the whole expenditure.
It appears, therefore, that assuming a bridge to be
constructed over the river at Chelsea, in immediate con-
nexion with the proposed embankment of the river on its
northern shore, and with the site referred to in the evi-
dence laid before this commissien by Mr. Pennethorne,
the project of a park at Battersea is one, in a financial
point of view alone, well deserving the attention of your
Majesty's Government.
Thu whole, or at least the western pert of Southwark,
and the whole of Lambeth, may be considered as likely
to benefit by the formation of a park on the south or
right bank of the river in the position of Battersea-fields,
while the erection of a bridge on the sit? proposed would
extend the advantage to a large population on the
northern or Middlesex shore of the river. The comforts
thus opened to the vast and crowded masses of the me-
tropolise d
made available to them in the cheapest, easiest, an
quickest mode, by steam navigation, or very con-
veniently by land conveyance along the terraces.
would by the great highway of the river, b
It is no little recommendation of this scheme iu
the eyes of your Majesty's Commissioners, that
the realisation of this project would put an
end to the scenes of demoralisation which the existing
almost lawless state of the locality presents daily, and
chieflyeon Sundays. On various grounds, therefore, the
Commissioners are disposed to recommend to the early
and favourable consideration of your Majesty, subject to
the conditions herein detailed, the plan for a park on the
present site ,of Battersea-fields, in connexion with a
bridge over the Thames in the same locality, and with
the embankment of the northern shore of the river,
which forms the subject of their second report.
The following signatures are appended to the report:
LYTTELTON.
COLBORNE.
JOHN CHARLES TIRRRIES.
JOHN HIJIIPHERY.
ROBERT HARRY INGLIS,
CHARLES LEMON.
HENRY THOMAS HOPE.
HENRY GALLY KNIGHT.
A. MILNE.
CHARLES GORE.
ROBERT SMIRKE.
CHARLES BARRY.
Whitehall-place, July 23, 1845.

SIR ROBERT PEEL.—Thursday last was the anni-
versary of the natal day of Sir Robert Peel, who has now
completed the 58th year of his age.
Mr. S. L. Fox is again forming a stud of horses, and
intends to patronise the turf during the present year. Mr.
Gill, Bellisle, Richmond will be the trainer. Mr. Lane Fox
was formerly the owner of several celebrated horses, but
during the last few years had declined the turf.—Doncaster
Gazette.
DRURY-LANE THEATRE —The second performance
of Mr. Macfarren's opera Don Qeixote took place on Friday,
and with great improvement as regarded execution. The
songs by Miss Rainforth and Allen were one and all encored,
with such enthusiasm as to indicate that they will become
universally popular. Mr. Weiss managed to get up a little
more animation than he exhibited on the first night, and
with advantage to the action. The house was well attended,
and the composer was called for when the curtain
NEyVC fellA. s
THE LIVERPOOL, MANCHESTER, AND
UPON-TYNE JUNCTION RAILWAY.—It has
r been itnarraebc2:,
stated, in some of the morning
We are, therefore, requested to state
t
1 mst trifling character,
of the allegations, and those of
tiie opinion of persons well in-
undertaking has been thrown oat
were sustained, and that in
standing
orders in this esse
formed on railway business, the
will be dispensed with. Polat'hPatelteonsltvaljgrnefa oorrdteo"ur.