The Sun.
London, England, 1858-01-02 00:00:00

LONDON, SATURDAY, JAN. 2, 1858.

We trust that the New Year which has just
opened may prove a more auspicious one than
that which was on Thursday brought to a conclusion.
The Indian revolt, which at one time assumed so
menacing an aspect, has virtually been suppresed.
Its neck has been completely broken by the cap-
ture of Delhi and the relief of Lucknow. Much,
however, remains to be accomplished in the
way of punishment, and visiting the treacherous
and bloodthirsty mutineers and rebels with well.
merited retribution. An avenging NEMESIS is
now pursuing the murderers, and worse than

murdorera of helples3 women and children. They

must expiate their unparalleled atrocities, how-
ever deeply it may excite the morbid sympathies
of the Phile•Sepoys. They will, if permitted to
cumber the earth, roam about as scattered bat -
ditti, seeking every opportunity for mischief; and
rendei ing the lives and properties of Europeans in
the disturbed districts 'very insecure. A vigorous
Policy and many striking examples will be indis-
pensable, in order to re-establish the British su-
premacy on a sure foundation, and to sot aside the
evil consequences that
must otherwisO
follow the
ill-judged clemency Exhibited towards the hoary
miscreant win tortured English women and chil-
dren, and his hopeful (!) son and heir the youth
of eighteen years of ago who was, forsooth, too
young to be punished for his participation
in file rebellion. The effects of this absurd
lelliency may be very disastrous, as it will un-
questionably be ascribed rather to our fears than
to our moderation. The work, however, will be
comparkively easy, and with such men as CAMP-
SELL, HAVELOCK, OUTRAM, LAWRENCE, and a host
44 others, there is nothing to Excite apprehension
bf the worst kind.

In China, tee, our troops must actively em-
ploy thems&ves, in order to teach Commissioner
YETI and, his advisers the folly, as well as
treachery of the course they have adopted.
hitherto we have been comparatively quiescent,
contenting ourselves with naval operations, and
lratterly a strict blockade of Canton and the neigh-
touring coast. Au attack on the offending city
ha", however, been organised ; and it is by no
means improbable that at this moment the British
standard is floating over the walls of Canton, and
that "the barbarians " are in possession of the
city to which, despite the obligations imposed by
solemn treaties, they were refused admission.
There are many domestic matters of paramount
importance that must be disposed of within the

present year. The Legislature has ample work on
hand. There is the currency question, the most
important of all that can be brought under the
consideration of Parliament. That must, if
possible, be disposed of within the session, although
a dilatory policy will be practised by the ministers
at the dictation of " the hard calculators," who want
to postpone the introduction of any measures
until the public excitement is allayed, and the
terrible calamities endured by the people are no
longer thought of. We trust this insidious and
tortuous policy will be thoroughly exposed by
monetary reformers, and the eyes of the people
opened to the real magnitude of the points at
issue, so that further procrastination may be
averted and some enactments passed that may
relieve their doubts and uncertainties so very in-
jurious to the mercantile, trading, and manufac-
turing interests !

The Reform Bill, so long promised, must be
brought forward. Ws trust that it will not be
merely illusory, but of such a character as to
satisfy the reasonable wish of the nation. Unless
it gives protection to the voter by means of The
Ballot, we tell Lord PALMERSTON that it will
not be acceptable, that the refusal of this just and
equitable boon may imperil the position he now
occupies, and shatter the power he now holds.
The India Bill, too, will occasion many ani-
mated discussions before the complete overthrow
of the Double Government, and the establishment
of Queen VICTORIA'S rule on a firm basis. Having
suppressed the rebellion, and punished the rebels,
it will be the imperative duty of Great Britain to
bestow a wholesome administration of
justice, and to remove every well-founded
complaint of the loyal and faithful
natives. We trust that Parliament will not
shrink from the arduous task. It is essential to
grapple with the difficulty zealously and ener-
, getically.
The Jew Bill, which last year nearly led to a
collision between the hereditary and representa-
tive branches of the Legislature, must be finally
got rid of, and full justice rendered to a useful
race, by the removal of the last vestige of reli-
-11 gious intolerance.

The Bank returns last night resumed their
ordinary form. The 2,000,0001. issued in ex zess
—on the authority of the Government letter—
were cancelled. The a act itself had previously
been abrogated by the reduction of the minimum,
rate of discount below the very moderate 10 per
cent. insisted on by Ministers as an indispensable
condition of the relaxation. But, notwithstand-
ing the cancelling of that large amount, the re-
serve of notes, the most important item of all in
the account, inasmuch as it constitutes the fund
for carrying on the business of the banking de-
partment—stand at the very respectable figure
of 6,064,9851. It is true that there is
an apparent decrease of 1,361,6851., but so
far from this being an unfavourable symptom,
the real fact is that there is an actual increase of
no less than 638,3151. to the notes unemployed.
The bullion in both departments is 11,454,9611.,
being an increase of 701,6801., while there is a
decrease in "other securities" of 788,3711. Nor
is this all, the increase in Government Securities
exceeds two millions sterling (2,048,7350 !
Driven out of the discount market by the extra-
vagant rates which they demand, they are willing
to devote the money which should be used in
legitimate banking to stock-jobbing operations.
But for that the reserve of notes would doubt-
less have been much higher, and there could
have been no excuse for delaying the reduction
in the rate of discount so urgently demanded by
the commercial and manufacturing interests.
Indeed, under any circumstances, there can be
no pretext for maintaining a charge of 8 per cent.
on approved securities, and the Bank directors
will not look at any of an inferior class. It is
obvious, therefore, particularly when they have
added mon than two millions to the Government
Securities within a week, that the price is !flair-
tuned in order that they may be enabled to get
cheaper bargains of Consols, or to exact higher
interest on the deficiency bills which Government
may be compelled to issue for the due liquidation
of the dividends, which become payable on the
sth instant. But in either case the system is
unbecoming a quasi national establishment, and
should be earnestly deprecated by all right-minded

persons.
It may be said that the two millions is the
temporary advance to Government required for
the dividends ; hut this cannot be the case. Sir
G. C. LEWIS would be singularly unmindful of
his public duty if, more than a week before these
dividends become payable, and ten days
before the fundholders, who received their
amounts in person, could even apply for
payment, the Exchequer had borrowed at a
heavy interest, so large a sum, in order that it
might lie idle and unproductive in the Bank till.
Mr. GLADSTONE earnestly protested, and not in-
effectually, against the principle of giving the
! Bank unnecessary subsidies at the cost of the tax-
paying community. We are by no means ad-
mirers of that Right Honourable Gentleman, but
there is no doubt that, in that respect, he adopted
a manly and straightforward course, and the
organ of " the hard calculators," even the Levia-
than itself bullied the directors, for the time
being, for not immediately, according to
the Ministerial demands, reminding them
that they had but a brief tenure of their
monopoly, and that they had no right to
demand a renewal of their Charter. Sir G. C.
LEWIS would now have far greater power, inas-
much as the charter has virtually expired, and an
inquiry is actually pending before the House of
Commons as to the propriety and expediency of
its renewal. Ho could, therefore, dictate to " the
I Old Lady," and certainly would not bo required
to pay interest for ten days before the time it was
required. Sir G. C. LEWIS would struggle hard
before he could be induced to surrender an onerous
and oppressive tax, producing some thousands,
but ho has not the slightest objection to
squander an equal amount, Mon les regles,
provided it were expended in strict accordance
with the principles of red-tapi sm, and savoured
strongly of a job.
It must now be clear that the Directors, if they
pleased,
might follow the course S 3 properly
adopted by the Bank of France, and demand
only 5 per cent. on approved securities. It is
more than they will get on Government Securi-
ties, for there is a very wide disi.inction between
interest and discount—the former being less than
3i, while the latter, under the most favourable
circumstances, is 8 per cent., and considerably
more to the great majority of those requir-
ing pecuniary accommodation ! This simple
fact proves, beyond the possibility of doubt,
that it is not capital, but currency, that
is wanting. We have bona fide wealth, but
its measure and representative is wanting. We
have literally had " a money famine," and
all through the absurd provisions of an Ace, ob-
tained under false and fraudulent representation:.
There has been an abundant harvest, which ought
to supply plentifully every working man and his
family. But,thanks to thesharppractiee of thehard
calculators, this could not be accomplished ! It was

necessary:to create an artificial scarcity that they
might realise large; profits, and subjecting the
operati\lem of the manufacturing districts to the
tantalisimg process of starving in the midst of
plenty, was but one step in the course which was
taken with profound indifference. All thee
matters must be taken into consideration, not only
by the Select Committee, but by every popular
representative—aye, by every man in the com-
munity. It is the ignorance and apathy that have
hitherto prevailed that has permitted the hard
calculators to have their own way. All we ask
is that the question should be fully discussed, and
from that discussion we aro satisfied that the truth
will be advanced, and eventually prevail.

Their Highnesses the Siamese Ambassadors yesterday
paid visits to Mr. Hancock, the celebrated silversmith,
of Bruton-street ;to Messrs. Beneon, of Ludgate-hill ;
and to Mr. Wilkinson, the army accoutrement maker,
of Pall-mall.

His Excellency Ferukh Khan paid a visit yesterday
to the Earl of Shelburne, at Lansdowne House. His
excellency dined last evening with the member of his
suite, at Claridge's Hotel.
The Duchess of Inverness entertained a select circle
to dinner last evening, at her apartments in Kensington
Palace.
The Duke of Leeds has arrived at the Clarendon, from
Hornby Castle, near Catterick, Yorkshire.
The Marquis and Marchioness of Breadalbane are
expected in town in a few days, from Langton House,
Berwickshire.
The Earl and Countess of DerLy and Lady Emma
Stanley are expected in town from Knows'ey Park, on
or about the 18th instant, in order to be present at the
nuptials of the Princess Royal and his Royal Highness
Prince Frederick William of Prussia.
The Countess of Liatowel is passing the season at
Convamore, Ireland, surrounded by a numerous circle
of friends.
Viscountess Jocelyn and family are staying on a visit
to Viscount and Viscountess Palms rston, at Broadlands,
near Romsey, where her ladyship will remain until the
12th inst., when the Viscountess goes in waiting on her
Majesty.
Viscount Curzon has taken a house in Charles-street,
Berkeley-,quare. The Viscountess has quite recovered
from her late indisposition.
Lord Ashburton has returned to the Grange, Hants,
from a tour of visits.
Lady Brougham arrived in towit7 a few days since,
from a tour of visits.
Lady Weelock and her infant son are both pro-
gressing favourably.
The Count and Countess de Flahault and Miss
Elphinstone de Flahault will leave Bowood in a few
days, where they have been staying on a visit to the
Marquis of Lansdowne, for Torquay, Devon.
The Count d'Alton Shee has arrived at the Brunswick
Hotel, St. James's, from the Continent.
Intelligence has been received at the residence of the
Bavarian Legation, in Hill-street, announcing the death,
at Munich, on the 28th ult., of Madame la Barenne do
Cetto, née Bayonne de Deuxponts, stepmother to his
Excellency the Bavarian Minister, Baron de Cetto.
Sir Robert Peel, Bart., M.P., and Lady Emily Peel,
have arrived at Florence, and purpose to make a vfait to
Rome before their return to this country.
Intelligence has reached Constantinople that very
large masses of troops are being sent from Odessa to
Georgia, their numbers being stated at 20,000 men.
The screw transport Gironde was towed out of the
port of Toulon by the Vigilant, and sailed for China.
She has a detachment of artillery and several companies
of marines on board.
A Russian steam-corvette anchored in Toulon roads a
few days since, after having exchanged salutes with the
batteries of the Grosse-Tour and the French Admiral's
flag-=hip the Bretagne.
A letter from Marseilles, of 31st Dec, announces that
Mlle. Rachel, the celebrated tragedian, embraced the
Catholic faith and received he sacrament of baptism on
the 18th November last. I; is added that she had been
long preparing for this change.
Despatches were sent yesterday from the Colonial-
office to the Governors of the North American Provinces
and the Governors of the West Indian Islands.
NEW YEAR'S DAY AT WINDSOR CASTLE.—The Royal
baron of beef, supplied by Deferrers. Banister and Bed-
borough, was cut from a choice Scot, fed by Mr. A.
Roberts, of St. Leonard's, and weighed 3201 b. ; the
process of roasting occupied 13 hour,. The noble joint
will be placed cold on the side-table in the dining-
room, with the boar's head, woodcock pie, and Christ-

mas trees.
HER MAJESTY'S PRIVATE BAND.—The members of
her Mnjesty'd private baud gave a dinner at the %Vbite

Hart Hotel, Windsor, on Wedue•day last to their

respected leader, Mr. Andereon, and in the coor,e of
the evening presented that gentleman with a handsome
diamond pin as a mark of respeot for his courtesy and
kindness to them during the long period he has presided
over them.

MORE CHANGES IN THE CABINET.—The retirement

of Lord Panmure is paid to be imminent. Lord Pal-
menton seeks additional strength by inviting Mr. Sidney
Elerbert, who Is said to be neither coy nor reluctant to
occupy the post. The sharp debating which is expected
at the opening of the sevion in February, can no longer
be met with a nightly monqlogue from the Ministerial
benches by the venerable and witty Premier himself. In
this manner the aid of 83 accomplished and ready
a debater as Mr. S. Herbert will be of great value at this
moment of Parliamentary emergency. Morning
Chronicle

TIIs PRINCESS ROYAL'S BRIDESILIIDS.—The following
are the names of the Princess Royal's bridesmaids :
Lady Cecilia Lennox, daughter of the Duke of Rich-
mond ; Lady Susan Pelham Clinton, daughter of the
Duke of Newcastle ; Lady Susan Murray, daughter of
the Duke of Athol ; Lady Catherine Hamilton, daughter
of . the Marquis of Aberoorn ; Lady Emma Staol y,
. .

daughter of Lord Derby; Lady Cecilia Illolyoeux, sist-r
of Lord Salton ; Lady Constance Villiers, daughter of
Lord Clarendon; Lady Sarah Spenc r, daughter of Earl
Spencer. As regards the last-named young lady there
will probably b 3 a change, in consequence of the death
of her father, Lord Spencer, list Sunday.
DEATH OF Pa. COLERIDOIL—It is with unfeigned
regret that we announce the death of the Rev. Dr.
Coleridge, rector of Thorverton, near Exeter, preben-
dary of Exeter Cathedral, and one of the proctors re-
presenting the clergy of the diocese of Exeter in con.
vocation, which event took place, after a short illness,
on the day following Christmas-day. The decayed
was the oldest son of James Coleridge, Esq., of
Heath's Court, Ottery St. Mary, Devon, brother of
the Hun. Mr. Justice Coleridge, and nephew of
Samuel Taylor Coleridge, the celebrated poet. Dr.
Coleridge was ditinguished as as scholar and warm
supporter of Church principles both in the pulpit and
through the medium of the press.
ST. BARTHOLOMEW'S WORKING MEN'S LITERARY
INSTITUTE, GRAY'S-INN-ROAD,-0.3 New Year's-eve the
members and friends of this excellent institution were
gratified by hearing Miss Lizzj Stuart deliver her musi-
c entertainment entitled "A peep at Scotland through
their songs." The cordial reception which it has invari-
ably met with in the provinces was fully equalled on this
occasion, and its introduction at the St. Bartholomew's
Institute was entirely successful.
A MAN BEHEADED.—The town of Aberayron, Car-
diganshire, has been thrown into a state of gloom
caused by the awful death of Richard Morgar n farm
bailiff at Penygarreg. Oa Tuesday morning the
thrashing machine on Penygarreg farm had only just
been set to work, when Morgans went out as usual
to oil the iron rods connecting the water-wheel w th
the boiler, a distance of 50 yards, and while in the
act of oiling one of the plates suspending the rods it
is supposed the rapid revolutionary action took hold of
the end of his shooting jacket, which gradually drew
in his bead under the bars, thereby dislodging the
massive stone pillars and severing his bead completely
from his body. It put a full stop to the work, and
it was not until the people left the barn to know the
cause that his poor headless body was discovered.
Blirdesbury Journal.
ACTIONS FOR CRIM CON.—From the Order in C3uu-
cil, taking eff,ct under the new Divorce Act on the
11th inv., no action is to be " maintainable in Eng-
land" for criminal conversation.

A meeting of proprietors of the London Deck Com-
: pany was held to-day, Mr. J. Cettley in the chair, when
the report and accounts were adoptea, and a dividend
declared at the rate of 21 per cent. for the half-year
ending the 30th of November, 1857, lass income-tax.
MerrEe.—Tne mining share market Las shown more
activity this week, from, we think, perf ctly uatural
causes. During the week the demand has chiefly been
for Trelawnr, which lave advanced from 231 to 251,
26, owing to an improvement in tho 142, and the pros-
pect of a dividend of 21. per share in January.
and Wentworth have advanced to 6, ; Mary .9 nn
shares have been flat, at 44 to 441 ; West Granville, 4s.
to se. ; Grenville, 1$ to 1 ; East Basset, 90 to 92.--
Mining Journal of this day.
FATAL DRAY ACClDENT.—Yesterday Mr. Bedford,
coroner, held an inquest at the Westminster Hospital,
on the body of James Walker, aged four yearn, the son
of sNorking people living iu Princes-street, Lambeth,
veso wrs killed through being run over by a dray be.
longing to Mr. Woodward, brewer, Park-street,
Kennington. From the evidence of several witneses
it appeared that on Monday morning last, about
11 o'cleck, thcca,,:ed was standing in the road a f,:ev
feet from the kerb when one of Mr. Woodinan'e drays,
the carman of which, it being only drawn by one horse,
was sitting on the shafts with Lbe reins in his heed-,
driving at a very slew pace, came along. It is spiel o err
the off-wheel touched deceased' reed, thro vieg b Dia
-down, gassed.over his right leg and arm before the
'driver, who wan called to, c .uld :.top. De ceaeed was
imeneeriately picked up in :ensible and conveyed to the
above institation, where he never rallied, and died the
next day, the cause of death, on ales mortem exam7n s-
he hang found to be fracture of the skull
te:xotuel lidaiknign gt
to
p'ie's, e
b
as-. Charles Osborne, the driver, ea'd
hee been 25 years in his present employ, wan always
careful, and knew no'Mug of the occerreuce t after it
heti happened. Verdict—" Accidental death."
PtzeuEse's TO GLASGOW.—At the reading on Mehday
in
to the Merchant;
Edinburi,h of the will of the late James Beehanan,
dtenCeidand
ctq., House years ago of the firm of Dennistoun, Be
per annum for thee
eivirorruasle, veryan
equal
tuearle
snnie
to the
qtuhee e weresl
A eum of 10,0001. has been left by thedeceased
schools in ienmGaglaiss
Hou, a and t, t Ipt,rtiormuolatii.y. roers7aegtiveedlya,ndanclnci3u,sotOrOial.l
chief trmteas,
't'r°awcyasand co
we
un.cdtnelexperiment for ten years. The I
stand, are gentlemen selected
"intl.—Glasgow Daily Mail.