The Sun.
London, England, 1856-05-19 00:00:00

Z-V7,TEP, 29.55

WIND, S.W.—Fre3b,4with heavy squalls and rain occa-
sionally.
Yesterday afternoon it blew a very strong gale from
S.W., with heavy gnats, rain and hail—quite stormy.

31.kr 19.
00 s:neo noon yesterday.
47 —lowest this moraine. and (luring the 'eight.
62 --tht4 flay At
BAROMETER 'lows to 29'59, now up to 29•92—a rise of
nearly half gu ins:h.
WIND, W.S.W. to W.N.W.—Rather fresh, with fine
weather—suashiae and cloudy.

,T
t,l -
171-fj.)
,kt, 4 3 .
• - .

LONDON, MONDAY, MAY 19, 135 G.

THE NEW LOAN OF FIVE MILLIONS.

The Loan has been this day concluded. The
Chin4llor' of the Exchequer has accepted the
offer made, and he will this evening call on the
soin`disant guardians of the national purse, to
aftirm the contract. We have already explained
the nature of the grol,s aggression on the unques-
tionable privileges of the House of Commons, which
should alone be sufficient to prevent the ratification
of the bargain. Re has wilfully and deliberately
usurped an authority to which he is by ao means
entitled, and that damning fact should prevent
really independent members from sanctioning
the transaction, however favourable it may be in
other respects.
By a time-honoured and excellent rule, any
amendment of the Upper House on a financial
question will be rejected ! Why, then, should
not a similar regulation be adopted with respect
to any interference on the part of the grown,
which would be even more objectionable than on
the part o: the collateral legislative body ?
In the present instance, as in that which occurred
is February, Baron ROTHSCHILD was the only
bidder. The conditions offered were such as to
discourage any competition, and to offer a hand-
some premium to the middle men, or loan mon-
gers, who merely come forward in the first in-
stance without any intention of seeking perma-
nent investments. The tender was also below
the minimum contained in " the sealed paper."
February it was nearly 17s. 6d. ; at present it
is Os. 3d. per cent., and nearly 22,0001., or
21,9331. 6s. Bd., has been saved to the tax-payers
by " the sealed paper." The following is a brief
report of the proceedings at the Treasury, viz. :
A numerous attendance of capitalists took place
this morning at the Treasury to take part in
the bidding for the new loan of 5,000,0001.
Shortly after 10 o'clock a.m. the hour appointed for
the business, thegentlemen in attendance, including
Baron E. Rothschild, Sir A. Rothschild, Mr. J.
Chapel, Mr. Norbury, Mr. Biddulph, Mr. R.
and'_ Mr. T. Thornton, Mr. B. Cohen, Mr. L.
Cohen, Mr. Marjoribanks, Mr. Lawrence, Mr.
Cazenove, ic.7c., were reoeivel by Lord Palmer-
ston, the Chancellor of the Exchequer, and
Mr. J. Wilson, on the part of the Government.
The Governor and Deputy-Governor of the Bank
were also present.
The Chancellor of the Exchequer having handed
to the Governor of the Bulk a sealed paper, con-
taining the mininvlan terms which the Government
were prepared to accept,
Baron L. Rothschild observed there was one
rather important question which he wished to ask
—What were the intentions of the Government
with regard to Exchequer Bills?

The Chancellor of the Exchequer—I stated at
our previou3 meeting what were the intentions of
the Government. 1,V,3 have no intention, at least
no expectation, of issuing Mai Icluer Bills. I pre.
SUMSit is to issuing bills you refer ?,
Baron Ratimthild not exactly that.

The Chancellor of the, El3he,cluer—Well, as to
the rate of interest, all I can say is tint notice
upon that subject will shortly be given, but I am
afraid I can't give any further information just
SOW.

BAron-Roths3hit-I.—Lie Gpverntnent then hwa
no intention of funiing.

The Chancellor of 14,xedeq1er.—No. That I
stated before, that th 3 G)vernment had decided
not to fund at preset:
Baron Itotlaschi!d,—'m, question to be decided
is whether you will increase the rate of interest,
for that may make a difference in the terms. Ex_
chequer Bills in their present position can scarcely
be said to float.

The Chancellor of the Exchequer—They are not
at a very great discount yet, and that i.i Ft, question
which at present cannot be decided. Is there any
gentleman present who is disposed to make an offer
for the New Loan ?

Baron Rothschild hauled in -a
paper containing
his tender.

No other tender belly; offered,
Tie ChancellOr of the Exchequer opened the