The Sun.
London, England, 1846-12-07 00:00:00

PUBLICATIONS.

Price Is.
THE DEVELOPMENT of ANGLICANISM,
the HONE of the CHURCH of ENGLAND.
A LETTER TO LORD JOHN RUSSELL, M.P.
By A CHURCHMAN.
James Ridgway, Piccadilly, and all Booksellers.

NEW CHRISTMAS BOOK BY MR. DICKENS,
In December will be published, price 55., small Bvo.
THE BATTLE OF LIFE.
A LOVE STORY.
By CHARLES DICKENS.
The Illustrations by Daniel Macßae, R.A. ; Clarkson Staunch],
; John Leech, Esq. ; and Richard Doyle, Esq.
London : Bradbury and Evans, Whitefriars.

Just Published, neatly bound, with Eight original Portraits, price
One Guinea,
THE THEATRES OF PARIS.
A Complete History of the numerous Theatres of Paris, with
Biographical Notices of the principal Actors and Actresses. Illus-
trated by original Portraits of Mesdames Rachel, Stoltz, Dejazet,
Nathalie, Albert, Rose Cherie. &c
I3y CHARLES HE RVBY, Esq.
Loudon : John Mitchell, Bookseller to the Queen, 33, Old Bond-
street.

ALISON'S lIISTORY OF EUROPE.
In Monthly Volumes, price Ss. In the Press, a Seventh
Edition of
THE HISTORY OF EUROPE, from the
commencement of the French Revolution to the Battle of
Waterloo. By ARCII-BALD ALISON, F R.S. This Edition,
which has been carefully revised and corrected by the Author, is
handsomely printed in crown Bvo, and it is expected will he com-
pleted in Eighteen Volumes, but certainly will net exceed Twenty,
the last volume to contain a copious Index. The First Volume, with
a Portrait of the Author, to be published on the 24th of Dec., and the
remaining Volumes Monthly.
Specimens of the work may be had of all booksellers in town or
country, or furnished by post, on application to the Publishers The
trade in England who may not have, received a supply of speci-
mens, can have any number they require from their London corre-
spondents, and in Ireland from Messrs. Cumming and Ferguson.
William Blackwood & Sons, 45, George-street, Edinburgh ; and
37, Paternoster-row, Lond, n.

NOW READY AT ALL THE LIBRARIES.
CHRONICLES of the FLEET PRISON.
By CHARLES ROWCROFT, Esq.
Author of "Tales of the Colonies, or the Adventures of an Emigrant,"

"The Bushranger of Van Diemen's Land," &c.
The story of The Ruined Merchant,' reminds us of some among
the passages of Mr. Warren's ' Physician's Diary.' "—Atheneum.
"Specimens of admirable fiction, fitted to amuse and delight our
leisure."—Court Journal.
" There is a great variety of subjects, the grave, the gay, the
humourous, the pathetic, &c. It may be read for instruction and
profit by many—for amusement by all."—Naval and Military
Gazette.
H. Hurst, publisher, 27, King William-street, Strand.

UNIFORM WITH THE STANDARD NOVELS.
Price 6s. bound,
THE OLD ENGLISH GENTLEMAN; or
the FIELDS and the WOODC. By JOHN MILLS.
New Edition, revised.
Also, by the same Author, price Ss., elegantly bound, with Illustra-
tions by Duncan, engraved by Linton,
CHRISTMAS in the OLDEN TIME; or, the WASSAIL BOWL.
Henry Hurst, publisher, 27, King William-street, Strand.

ELEGANT MUSICAL ANNUAL. Price only 2s. 6d.
ILLUSTRATED MUSICAL ALMANACK.
Containing Six Original Songs by BALFE, WALLACE,
CROUCH, A. LEE, lIATTON, &c. The W.rde by F. W. N.
BAYLEY : 100 Illustrations by KENNY MEADOWS, " PHIZ,"
ALFRED CROWQUILL, &c.; engraved by LINTON, LANDELS, &C.
H. Hurst, Publisher, 27, King William-street, Strand.

- -
C UNDY'S PATENT OPEN FIRE
VENTILATING STOVE.
TESTIMONIAL AFTER ONE WINTER'S TRIAL.
29, Charter•house-square, Monday, Feb. 17, 1846.
Dear Sir,—The stoves which you have recently erected in my
church have been highly successful, and I have great pleasure in ex-
pressing to you the entire satisfaction which they have given to all
parties. The church, which was notoriously noted for its coldness
and bad ventilation, is now most agreeably warmed
ben r t and
est well venti-
to
lated. I shall be most happy, n any occasion, totestimony
the excellency of your stoves ; and I will endeavour, to the best of
my power, to make them known, and I will certainly recommend
them to my friends,
I remain, dear Sir, yours faithfully,
Mr. Candy. W. ROGERS, St. Thomas's, Charter-house.
The Stoves to be bad of Messrs. Dowson, 69, Welheck-street, Ca-
vendish- square ; where they may be seen in operation.

THE BANK OF FRANCE.

From various paragraphs during the last few days
both in the London and continental papers, on the
present condition of the Bank of France, an impression
seems generally to prevail, that in the year 1839 the Bank
of England obtained relief from danger by a loan from
that institution, and opinions are consequently expressed
that if similar aid should now be required in return, it
could not with propriety be refused. The idea, however,
of a loan having at any time been made by the Bank of
France to the Bank of England is altogether erroneous.
In July, 1839, the bullion is the Bank of England had
fallen below 3,000,0001, sterling, while its rate of discount
was as high as 51 per cent. It was evident that the causes
for the existing drain consisted more in distrust abroad,
fonnded on a belief that the Bank of England could
not long continue specie payments, than in an un-
favourable balance of trade, or a run for sovereigns to
hoard at home. Parties on the continent drew out all
their balances here, and as much more as their corres-
pondents would give them credit for, discounted the
acceptances in London, and, in the absence of foreign
bills, took gold from the Bank of England. Under
these circumstances, it was impossible that exports
of produce and manufactures from England could
take place immediately to a sufficient extent to counteract
the evil ; but it was seen that the difficulty would be met
if a temporary creation of bills on the continent could be
effected. With this view, the Bank of England engaged
to transfer English securities as a guarantee to Messrs.
Baring, Brothers, and Co., or those whom they
should name, and this house arranged to draw three
months' bills for 40,000,000 f. on various houses in
Paris. These bills, which Baring, Brothers, and
Co., negotiated upon 'Change (paying the proceeds
into the Bank, so as gradually to act upon the circula-
tion), fully supplied the trade demand for remittances
hence, aed equally served to meet all paper on Eng-
land remitted here for returns, as they proved a
better return than gold. At the end of three months,
when the acceptances fell due, the same amount was
redrawn, so as to cover each acceptor by bills on
his neighbour, thus prolonging the operation to six
months ; but, before the expiration of this period, the
supply of the regular remittances of commerce had
been such as to enable Messrs. Baring to liquidate all
the engagements in Paris, and to restore the pledged
securities to the Bank of England.
From this statement the Bank of France will ap-
pear to have had nothing to do with the operation ;
but a mode by which they facilitated its progress,
and which, doubtless, gave
saveinereiseheetno
entertained
erroneousainedon
suppositions which have
andbe presented
for
drawn by Messrs. Baring
houses subject remains to b e m e
on
nt i o
tn
he
ed . v a TriohuesdrFauregnlicths
for discount to the
bad credits only to a certain
firms, respectively,. .
houses were, of coßuarnsek,
011
abFleranteoe,
e necessary, owing to such
their rejection might becorn
d.ffi
It calculated to
eded. This cu y was
limit with that institution, there was a possibility that
limits being
.exce
and application was there-
foreßank of France in orer that it might
made to the a
derstanding was accordingly entered
be overcome.
An
nonf France, that the draughts, in case
in to by the Bank
h *r appearance, should be discounted
produce an injurious effect, .
they should make t
wever, proved to have been
tionary arrangement,
theo draughts being of the first
scarcely essential, for
of discount at the Bank of France
without regard to the limitsh in question. This precaus
character, and the rate
nd hence it is believed
readily discounted out of doors,.
found their way into
that but a very small proportion
being somewhat higher tha the
amarket rate, they were
that establishment.
ed u on the
t p
that sup-
Bank of England in the way of reeiproci _
fory
the purpose
posing the Bank of France should now,
of purchasing silver from us, adopt a method analogous
The only claim, therefore, that can be.urg.
" om
e
to that just described, the same facilities of discount
should b afforded with regard to the parties upon wh
they might procure bills. These would, doubtless, con:.
sist of leading houses, whose acceptances would at all
dines be received with avidity by the ordinary money-
lenders, and such an engagement on the part of the
Bank of England would therefore involve no great
stretch of generosity.
From the present aspect of affairs it seems by no
means improbable that some measure of this description
will be resorted to by the Bank of France, and it is im-
portant to recognise that if such should be the case it
must cause an immediate rise in the discount market.
A demand from a new source for two millions, or even
for only one million, could not come suddenly upon us
without producing a decided increase in the prevailing
rates, and thus another is added to the numerous reasons
which already exist to call for the exercise of caution.—
Times.

NARROW ESCAPE FROM DROWNING.—On Friday
afternoon, between two and three o'clock, as a man of
the name of Gillham was proceeding up the river in a
boat, when off the Penitentiary his hat fell overboard,
and while endeavouring to reach it, he overbalanced
himself, and fell into the river. A waterman of the name
of Freeman immediately went to his assistance, and
succeeded in getting him into his boat in less than two
minutes from the time of his immersion. He was con-
veyed to a public-house near Vauxhall gardens, where
every attention was paid to him, and in less than two
hours lo Was enabled to ;darn to his borne.