The Sun.
London, England, 1858-10-27 00:00:00

Commence at 7 o'clock.

ASTLEY'S ROYAL AMPHITHEATRE,
Westminster-road.
Sole Lessee, Mr. William Cooke.
The New Tariff :
Dress Circle, 39. ; Upper Boxes, 2s. ; Pit, is. ; Galleries, 6d.
Great and Extraordinary Sensation produced by the new and
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During the week the new and successful drama of
THE BATTLE OF BOTHWELL BRIG.
With THE SCENES IN THE CIRCLE, comprising the
evolutions and equitations of the first Professors in the world
and their unequalled Stud of Horses.
To conclude with a
No Farce
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Stage Manager, Mr. R. Phillips.

pented, some retracted. :One after another,they got
back into Parliament. Mr. GIBSON celebrated his
return by upsetting a " strong" Government. Mr.
BRIGHT has since then resumed his eminent, rather,
it should be said, his pre-eminent place among the
most brilliant orators in the popular branch of the
Legislature. Almost every man returns for one
borough or another to the House of Commons—saving
the man of men among them aII—RICHARD COBDEN.
At last, as we have seen, as recently as yesterday,
he is suggested as a fit and proper person to pro-
pose as a candidate for the suffrages of the Free-
trade electors of Manchester. But Manchester will
not hear of it. Rather Mr. BAZLEY than Mr.COBDEN.
Anybody, in fact, in preference to the latter. Man-
chester is resolute, is obdurate—to the very last is
consistent—to the very last is independent.
One can only wish now that Mr. COBDEN may
find some opportunity of coming to an explana-
tion with the Liberal constituencies. For—as we
said the other evening (before the death of Sir
JOIIN POTTER)—We should be heartily glad, sup-
posing the ex-Member for the West Riding to have
repented of the past, to look forward into the
future to the speedy return of RICHARD COBDEN
to the Commons House of Parliament.

CANTERBURY HALL, Westminster-road.--
OPEN EVERY EVENING.—The following Company
of Vocalists are engned for the performance of Selections
from all the popular OPERAS, MADRIGALS, CHORUSES,
G LEES, nwErrs, &c., viz.:—Miss Russell, Mrs. Badsey,
Miss Brunel!, Miss Ray, Madame Bartoletti, Miss Montague,
Mrs. Lawrence, and Mrs. Anderson; Herr F. Jonghmans,
Mr. Henshaw, S Jones, J. Barker, W. Melling, Senor Antonio,
E. L Hime, Mr. Badsey, Senor Tiroli, Mr. Cozens, Mr. Bell,
Mr. Barnard, and Mr. St. Albyn. Mr. John G. Forde, Mr..-E.
Taylor, and E. W. Mackney. Pianoforte, Mr. Cecil Hicks
—Harmonium, Mr. Courtnay —Director, Herr F. Jonghmans.
Commence at 7 precisely. Suppers, &c., until 12 o'clock.
NOTICE.—The Proprietor begs respectfully to announce
tnat

THE FINE ARTS GALLERY,
now in course of construction, will be thrown open on
Wednesday next.

THE WEATHER.—SUN OFFICE, OcT. 27.

THERMOMETER, IN THE SHADE.

57—highest since noon:yesterday.
47—lowest this morning and during the night.
56—this day at noon.

BanomETEn-30.23.
WIND, Northerly ; light, with fine weather.

THE SUN.

WEDNESDAY. OCTOBER 27, 185 x.

It is a very bitter lesson that Mr. COBDEN has
had to learn during the last two or three years.
But tonics are bitter. May this bitter treatment
prove to have had the influence of a tonic upon the
judgment of the Free Trade Leader—or rather,
it should be said ex-Leader. The truth is, Mr.
COBDEN had latterly come to be so honoured for
the great things he had unquestionably done, he
had been so thoroughly, cordially, generously,
and ungrudgingly appreciated, that that clear,
shrewd, sagacious head of his was turned just
the least bit in the world. He came, at last,
to regard himself as pretty nearly infallible.
He left off reasoning. He simply dictated. He
got to regard himself at last as the arbiter of the
destinies of the House of Commons. " The greatest
Member of Parliament that ever lived" (according
to the terms applied to Sir ROBERT by the present
leader of the House) had, upon a memorable occa-
sion, disclaimed any right whatever to a share in
the honours belonging exclusively, as he said, to
the then powerful Member for Stockport. Thou-
sands and hundreds of thousands had long recog-
nised the force of RICHARD COBDEN'S " unadorned
eloquence." At last RICIIARD COBDEN himself
began to regard that eloquence of his as all-power-
ful. Again there was, in his instance, another and
a very startling illustration of vaulting ambition
overleaping itself. Mr. COBDEN turned a sudden
summersault—out of Parliament. Eclipse ran the
race at the last General Election, and—was dis-
tanced. A long interval elapsed, during which
Mr. COBDEN'S name has remained continu-
ously, pertinaciously under a cloud. And
at last—bitterest cut of all—Manchester
will have none of him. Poor Sir JOHN POTTER
dies prematurely. There is a vacancy to be filled
up. Mr. Bright in the meantime has got in for
Birmingham. Mr. MILNER GIBSON has returned
to his accustomed seat below the gangway. The
greatest of all the great men of the party is still
denied access to the legislature. Mr. COBDEN is
hid away somewhere in privacy, brooding over
the vanished glories of his power, fame,
and popularity. Suppose we consent to a
reconciliation with him—call him back from his
seclusion—and bring him in again upon the heads
of the people and this time too as M.P. for Man-
chester.

There is the opportunity clearly before them ;
but Manchester won't hear of it. Mr. WILSON
submits the proposition to the Liberals, Free-traders,
Reformers assembled together yesterday in the Royal
Exchange Rooms at Manchester the famous
GEORGE WILSON, Chairman of the League, suggests
this project to the Manchester men, and gets groaned
down and hissed down in return for his pains,
amidst a tumult of disapprobation.

It shows how painfully the popular feeling was
woainded by Mr. COBDEN—how bitterly the Lan-
cashire men were aggrieved—how great the error
was that could only thus be expiated. Mr. COBDEN
has had many a' sharp blow, but this has been the
hardest of all yet administered to him this
scornful and decisive rejection of the mere notion
of him by the chief of the Liberal electors of Man-
chester.

Although there has been no reduction in the
rate of discount at the Bank of England, as required,
or rather insisted on, by the Times, there has been
no great falling off in the amount of " Other
Securities." The decrease within the week has
been only £2,500, an amount so insignificant as
not to be worth while taking into the account on
either side of the balance sheet. The unemployed
notes have, however, been largely reduced,
to the extent of nearly half a million,
while in the bullion there is a decrease
of £220,431. The directors were, therefore, fully
warranted in the prudent course to which they
adhered, and the wrath of " The Leading Journal"
has been altogether misplaced. Indeed, it is to be
apprehended that the evil which the directors
have, so far as lay in their power, endeavoured to
avert, has already taken deep root. The large
withdrawal of private deposits within the past
week would seem to indicate such a result.
There are sundry schemes for carrying off British
capital to foreign parts " looming in the future,"
and it behoves John Bull t 9 button up
his pockets pretty tightly before he listens to the
voice of " the charmer," whether he appear under
a Russian or an Austrian mantle. We have already
explained why it is that in advancing money to
Turkey we promote the objects for which Great
Britain has expended so much blood and treasure.
" The scripholders " need have no qualm of con-
science, for they are doing that which will be
exceedingly beneficial to their country. But
will it be so in assisting Russia to advance
her already gigantic power at British expense ?
as good interest can be had at home, and o 4 far
better security for an Englishman.
Ireland is now in a far different position from what
it was ten years since. The security there tendered
is as good as any that can be obtained in any part
of the world. A Parliamentary title perfectly un-
impeachable affords the easiest mode of raising
money, or disposing of the property should the
holder require back the whole or any portion of his
original investment. No foreign war can disturb
the value of these securities. They are close at
hand, and can at any time be made avail-
able. Besides, money invested in Ireland
or in any part of the United Kingdom
increases our taxative powers, and therefore dimi-
nishes the burthens to the rest of the country. We
would, therefore, urgently entreat our readers to
pause before they invest their money in foreign
speculations, at least until they have ascertained
whether there is not something equally beneficial
which they could obtain at home.
The Times is, however, following up its onslaught
against its quondam pets, the Bank Direc-
t )rs, with an indefatigable • pertinacity that
shows how earnestly at heart it has the
reduction of the Bank rate of. discount.
and the consequent increase of gambling specula-
tions, and the excitement that inevitably produces
a panic in the long run. Day after day long
diatribes are poured forth against the folly of the
attempt to regulate the rate of discount, and it is
more than hinted that the Bank must have some
sinister motive in remaining opposed :to what the
Times thinks " ought to be its policy." It would
indeed be strange if any public establishment were
bound to advance money at a rate below that which
it considers fair and proper. If it was bound
to follow every movement of the discount
market, the quotations would speedily be cooked to
answer the purposes of certain speculators. The
Directors would be deprived of every degree of
discretion, and reduced into the mere automata that
it was the intention of the Act of 1844 to make
them. If, as the Times asserts, the Bank of England
is but a private establishment, in the same category
as the London and Westminster or Messrs. GLYNN
and Co., it is the greater degree of impertinence to
attempt to interfere with its private affairs, or to
attempt to regulate the rate at which it must
charge on the bills tendered to it for discount.

But this is not the only instance of bad taste
exhibited by the Times. It is compelled to
admit, that " although for three weeks past the
terms have been nominally 1 per cent. higher than
those current out of doors, the amount of their
balances has experienced no diminution."' This is
the fact that puzzles the Times. If it could see
the Bank deprived of business—completely
stranded—it would be satisfied, but unfortu-
naetly it is not so. There is still an abun-
dant demand for money even at - fi per cent.
The balances are just as fully employed as the
directors would wish them to be. The reserve of
notes and the stock of bullion have both been reduced,
although not to an alarming extent, yet quite suf-
ficient to induce the directors to pursue a pru-
dent course, and not expose themselves to the
censure that would inevitably follow any undue
relaxation at this moment, should a crisis arise
sooner than had been anticipated.
The Times asks, Will any one believe that persons
holding bills which they can discount in the open
market at 2 per cent., will carry them to the Bank in
order that they may pay 3 ? It looks upon this
as the triumph of reasoning, but in answer we
must say that we believe it—the public believe it,
and even the Times itself lends an easy credence
to the unquestionable fact. Alen of high
standing will not, for the sake of a few shil-
lings, or a few pence, take their transactions
out of the regular channel, and cast them
on the stormy sea of the discount market.
They have made up their minds to pay a fair
and reasonable price for such accommodation as
they may require, and they would greatly prefer
paying 3 per cent. to the Bank of England to
2 or even 1 per cent. through some doubtful
outsider, who would obtain some compensation
for the cheapness of the terms on which the bill
was cashed by hawking it up and down in
every quarter, and showing that he was the real
bona fide holder of such an instrument.
Why, then, should the Times dare to assert that
the Bank satisfies itself with second class paper,
that which would be charged at a higher rate
out of doors If there ie Any =Plaint egahiet

It is only consistent in these gentlemen that they
should so have acted. We deeply grieve with
them as they do, we doubt not for one moment,
themselves—that such is the necessity of the case.
But so it is. Mr. COBDEN, with many of his asso-
ciates in the House of Commons, went counter to
public opinion two or three sessions back.
And one and all of them, at the
- ensuing
general election, got bundled out in conse-
quence. Mr. COBDEN, Mr. BRIGHT, Mr.
GIBSON, Mr. Fox, cum ceteris paribus—they all
went to the wall. North, south, east, west—the
story was still the same as the electioneering re-
sults came dropping in from all quarters. The free
and independent Liberals would have none of them.
At Manchester, at Stockport, at Rochdale, at Old-
ham—the thoroughgoing Reformers were unani-
mous. They were disgusted with the proceedings
of their late honoured and trusted represen-
tatives. They preferred having perfectly new
men to accepting once more those more emi-
nent men by whom they feel themselves to have
have se flagrantly and gratuitously betrayed. Mr.
=D came in for Stockport, and so with the
rast of these Liberal constituencies. Tithe passed.
dome of the ez44 Th.., •
,‘ 5 cried peccavi, some re-

the Bank, it is that it is " too fastidious." It will
not look at second class paper on any terms, or at
any price. The unholy thing is peremptorily
eschewed. Why, then, pretend that the Bank is
acting in opposition to all its antecedents ? Simply
that they may inflict an unwarrantable injury on
the Bank, although they are themselves aware
that they are resorting to the suggestio falsi. The
spasmodic efforts of the Times are in one respect
satisfactory. They clearly perceive that the pre-
sent system is in a moribund condition—that its
days are numbered—and they strive to make the
best use of what will probably be the last oppor-
tunity at its disposal for some time to come.

LATEST NEWS.

FRANCE.

PARIS, TUESDAY.

The Minister of Justice has submitted to the
Council of State the draft of a decree re-establish-
ing what is called the "Consiel du Sceau des
Titres." It enacts that the council shall consist of
three senators, two councillors of State, two judges
of the Court of Cassation, three masters of requests,
an Imperial commissioner, and a secretary ; and
that "in a general manner, and in all that is not
contrary to existing legislation, its attributions
shall be the same as those of the Conseil du Sceau,
which was created by the decree of the Ist March,
1808, and of the Commission du Sceau established
by ordinance of the 15th July, 1814 ;" that is
to say, that it " shall deliberate and give its
opinion on-1, demands for tho examination,
confirmation, or recogntion of titles sent to
it by the Emperor; 2, on the demands and
verification of contested names and titles ; 3,
on demands for a total or partial remission of Chan-
cery dues, and generally all questions submitted to
it by the Keeper of the Seals." The decree pro-
poses further to enact that " any person whose
name or title may be contested may through the
Keeper of the Seals apply for the examination and
decision of the Consiel du Sceau thereon ;" also that
" in default of documents, the right to a title or a
name may result from possession previous to 1789,
such possession being proved by mentions in docu-
ments emanating from public functionaries or
officers, or in historical papers."

BOURSE, Oct. 26.—The market has been heavy
in consequence of a report that large sums had been
drawn in gold from the Bank of France to be sent
to Vienna for the first instalment of the railways
which have been purchased by the Lombardo-
Venetian Company. Threes, after having been
done at 72f. 85c. rallied to 72f. 95e. ; Mobilier
varied from 890 to 897 f. 50c. ; Austrian, 6571. 50c.
to 658 f. 75c. ; Orleans, 1,345 f. to 1,347 f. 50c. ;
Lyons, 870 f. to 872 f. 50c. ; Southern, 562 f. 50c.
to 565 f. ; and Eastern, 720 f. to 722 f. 50c. The
following were the last quotations :

II per Cents. 95 50
Do. end month
3 per Cents 72 95
Do. end month 73 50
Bank Shares 3125
Credit Mobilier 907 50
Do. Account

Credit Fonder 645
Belgian 4f . —
Piedmonteso (5) 93
Roman 93h
Austrian
Spanish Threes
Home Debt —

RAILWAYS.

Cash. Account.
Orleans
Northern'
New ditto. Bl2 50 ..
Lyons and Mediterranean B7O .. 870
New ditto
Geneva 620 .. 620
Midi 553 75 .. 565
Western 607 50 .. 610
Eastern
Grand Central — • . ----
Sardinian.
Austrian

Exchange on London, at sight, paper, 25f. Mc. ; money,
25f 10e.; three months, paper, 24f. 971 c.; money, 24f,
921 c.

ITALY.

The St. Petersburg Gazette gives the following
list of the military forces of Italy :—" Sardinia, it
says, has an army of 50,000 men, but in time of
war she can double that number. In 1848, she
opposed 80,000 men to Austria, and at Novarra she
had 135,000 men on the field. It is true she was
beaten, notwithstanding. The Neapolitan army is
70,000 strong, and in case of war it can be readily
increased to 100,000. Rome, Tuscany, Parma, and
Modena reckon 30,000 men among them, and
Austria raises in Lombardy 40,000 conscripts, who
are in permanent service, not in their own country,
but in the German provinces of the empire. This
amount of 190,000 men in time of peace allows the
calculation to be made without exaggeration, that
Italy might easily raise 300,000."
It is not easy to say what can be the motive of
this enumeration, but such persons as desire to
make themselves thoroughly acquainted with Italian
military organisation will find full details in a
pamphlet on Italy published about 15 or 20 years
ago by General the Duke de Reggio.

PRUSSIA.
BERLIN, OCT. 25.

The report of the joint committee of the amalga-
mated Houses has been printed. It recommends
the adoption of a resolution recognising " the ne-
cessity of the Regency." This recommendation is
preceded by a lengthy statement of the evidence,
the motives, and the legal points on which it is
based. It recites

" 1. The appointment by the King, October 13, 1857, of
the Prince of Prussia as his representative or locum tenons,
for three months, with the renewals of the same appoint-
ment at intervals of three months, to wit, January 6, April
9, June 26, 1858.
"9. The ordinance of the 7th of October, 1858, by which
the King calls on the Prince to assume the Regency.
" The ordinance of the 9th of October, 1858, by which
the Prince of Prussia declares that he assumes the Regency.
"4. The ordinance of same date, convoking the Diet,
with the speech of the Prince Regent to the two Houses at
the opening of the Diet on the 20th. Medical certificates,
it proceeds to state, were laid before the committee, as well
those of last year as three recent statements of date 7th of
September, 20th of September, 7th of October, 1858. The
certificates attest the King's entire possession of the capa-
city to form and to communicate his intentions, while they
at the same time declare it impossible to fix, even approxi-
mately, the time of his Majesty's probable recovery."
It cites next the Art. sec. 56 of the Charter, which
enacts that " when the King is a minor, or labours
under any other prolonged disability (dauerend ver-
kindert) of exercising his authority himself," the
nearest agnate of full age shall assume the Re-
gency.
It declares the assumption of the Regency by the
Prince of Prussia to have been in conformity with
the constitutional situation thus created, by the
ordinance of the King on the one side, and the
enactment of the charter on the other.

Then follows this noticeable paragraph :---
"Upon the exact bearing of these two legal rights thus
called into being, upon each other, and upon the Regency, a
diversity of view arose in the committee. This diversity of
opinion, however, yielded to a general conviction that to
enter upon any attempt to define exactly the respective
claims of these opposite interpretations was no part of the
duty of the committee. To have followed out the mutual
bearing of these constitutional rights would lead into the
most delicate and difficult questions of public law. A solu-
tion of these questions is not incumbent upon us, since the
committee appears fully united on that point, which is the
only ono submitted to the House by the Prince's message."
-It will be observed that the foregoing paragraph
places the King's ordinance side by side with
sec. 56 of the Charter, and speaks of the latter as
well as the former as concurring to constitute the
Regency. It abstains from pronouncing them as
co-ordinate, or equipollent forces, a declaration
which could not have been unanimously obtained
in the committee. This attitude exactly measures
the extent to which the views of the Constitutional
party are likely, at present, to find favour and re-
ception.

The house is at this moment sitting as a Plenum,
but I shall not be able to send you by this post
any account of the reception which the above report
of the committee meets there.
There is no doubt of the truth of the rumour
spoken of in the papers, that a circular has been or
will be issued from the Home-office, restraining the
officials from interference, such as they have hitherto
practised, with the elections to the Chamber of
Deputies. This order, which is . certainly well-
meant, is attributed to the Prince Regent's own
unbiassed. sense of right. The provinces; even the
eastern, arc beginnidg to stir in preparation for the
elections. The Liberal party speak very hopefully
of their prospects.

The vote by which the Chamber of Nobles
in Prussia rejected the proposition of present-
ing addresses to the King and to the Prince-
Regent, on the occasion of the establishment
of the Regency, has caused considerable sur-
prise at Berlin. The New Prussian Gazette ex-
presses an apprehension that this attitude of the
Chamber may•lead to erroneous comments. Ac-
cording to that journal, which is in a position to be
well informed, two reasons appear to have guided
the majority of the Upper Chamber in its decision.
First, it wished to set aside all pretext for giving
rise to political dismsi9ns, which might also have
taken place in the other: Chamber; and net the

THE SUN, LONDON, WEDNESDAYIEVENING, OCTOBER 27, 1858.

decree of convocation did not appear to assign to
the Diet in the present session any other mission
than that of receiving the communication of the
institution of the Regency.

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