The Sun.
London, England, 1856-12-30 00:00:00

THE CURRENCY.

TO THE EDITOR OF THE SUN.
Sul,—" Mercator" has laid himself open toattack;
It is too bad to ignore the peace of 1847, and them °,'
injurious rises in the rate of interest since, and to all,•
for free trade all the good which has arisen, and Whic-
the most ardent Free-trader rar, if he understood the uO.
rency questi In at all, must allow has greatly arisen ft°
the gold. This is not, however, Lord Overstone's Or:,
uion. He sail (as the gentleman who heard him °-
sore
told me) very lately that gold had not depreciated
andthan2 California.p er cent.
m sinceacutitgold a i
d discoveriestbe
otlhdathaits hdaosnedenportehciinagtedt
030 i
improve
same. The gold.
per ceentt.he
con.
gold.
ing this opinion of the depreciation, Lord Oferstone
thinksr ie a a at
hffiartmg
dition of the people, and that, therefore,pr.ov . free
trade. it is all
I was a Free-trader for years, while d liveriog
his pompous tirades in
house,
favour of protection, in the
and have gone against supporting
free trade ; but
could in it seems to me necessary that as
not former till free
trade was years get currency reform 1
granted—for tec-
tection and f r the controversy between probea
ree trade sto
we have fre t pped the way—so now, w.ar_
that it- rade, we should plainly and clearly dee! a
won't do without a free and unrestricted currency
—by which with gold at
its I mean, at least, paper money,
market price.
I expect that the Tinter is finding out that t
ter Ache coil,
-
mercial men are dissatisfied with the Bank Cuar
h h will be very
and is therefore preparing to rat, lc io
useful.
If we had Exchequer bills of 1/. and upwards (bearing
depart-
of course no interest), issued by a Government
Et
went, receivable for taxes (no " Promise to pay _co,
them), to the amount of say 20,000,00 K, it would
d
The Bank to issue on the three millions above the public.e_
i debt of 11,000,0001., which should be paid off. Then
debt
for this three millions he Bank of England must 0 au
old
mand give either Government Exchequer notes, or
issue
should or silver at the current price, and every bank of
should do the same. ttempt
One thing pray keep clear—that we suffer no a. .
to be carried out to increase the 'weight of the soverV_
If we cannot get representative paper money, let usotk
elo.
the depreciating sovereign ai; its present we b
.1.,
wise the working classes and ali the debtor class would
euffer (as they did in 1819),
I don't wish to injure the creditor class—(my oca
.a.
income would be lessened were the creditor clarss( tb. e
jured)—but it is evidently better that the credito
than that the
comparatively rich clas-) should suffer ,
fits of the gold
poor man should be deprived of the bene
discoveries.—Yours, etc., OBSERVER.

..---
Rumour has it that the Rev. Mr. Caird is to receir
1,00 a year as minister of the new church at the west
end of Glasgow, and that he will only be expected to
preach once each Sabbath.—Seotsmarz.
CLERICAL. COURTESY.—Last Monday a number of peor
people resorted to the Town-hall, Ilkeston, on whicla day
the charities of Gisborne and others have been previously
distribated by the vicar, churchwardens, and parish offi-
cers. One of the guardians of the poor of the parish, Mr.
J. Bailey, went, as his predecessors had done, to be pre-
sent, and found the vicar (the Rev. G. S. Ebswortb) and
his curate, and one churchwarden alone, doling out the
presents, and was asked by the vicar what he wanted,
when Mr. Bailey answered that he was corae to see that
the money was fairly distributed to all classes of the poor,
whether church people or dissenters. The vicar, however,
very wroth, replied that he should net see the
money paid,
and insisted upon his leaving the place at once. Mr. Bai-
ley complained of the treatment, and said he thought it
was very complainuncoureous
reat him in such a manner, as he
was not come to
to or dictate in any way or shape,
hut merely to see to whom the money was paid, and that
the poor and necessitous alone should be the recipiente
thereof. The vicar said that on previous occasions tte
and besides, that was his roosn, and
guardians who had been present had misrepresented bis
acts and deeds, and that he would not endure them to
be present again,
if Mr. Bailey did not leave he would send for the con-
stable to take him out.
Mr. Bailey denied that the
ream was the vicar's, and asserted that it was built
n,
by public subscriptions, and belonged to the
towason)
and if his predecessors hail (with or without re
made remarks respecting the partial manner in
which
he distributed the money, it was unfair to punish
him for their bins. The room was full of people,
and the constable having been sent for arrived,
and after ineffectually prevailing upon Mr. Bailey to go
(who warned him ta be careful, as that if insulted he
should obtain redres,, if possible), hesitated in acting.
The vicar, however, promising to "stand between biro
and all danger," gave orders f tr Mr. Bailey's instant re'
moval, and he was accordingly taken out of the room bY
the collar. Their reverences, with their churchwarden,
then proceeded to dole out the gifts to whom they
thought proper. The matter, however, will not rest
here, as proceedings will be commenced immediately
against the parties concerned.—Derby Reporter.