The Sun.
London, England, 1867-02-16 00:00:00

NEWSPAPERS.

Bremen, by Bremen mail-2 cents each.
Hamburg, by Hamburg mail-2 cents each.
Prussia, Austria, and German States, by Bremen.
and Hamburg► mails-3 cents each.
Lunenburg, by Bremen mail-3 cents each.
Lunenburg, by Hamburg mail-3 cents each and
1 cent per 11 ounce.
Sweden, by Bremen or Hamburg-3 cents each
and 11 cent per 11 ounce.
Schleswig-Holstein and Denmark, by Bremen or
Hamburg mail-3 cents each and 1 cent per 11
ounce.

Norway, by Bremen or Hambnrg-3 cents each
and 31 cents per 14 ounce.
Holland, by Bremen or Hamburg-3 cents each
and 1 cent. per 11 ounce.
Russia, by Bremen or Hamburg--3 cents each
and 1 cent per 11 ounce.

Switzerland, by Bremen or Hamburg-4 cents
each.

Italy, by Bremen or Hamburg-5 cents each.
Turkey, by Bremen or Hamburg-3 cents each
and 5/ cents per 11- ounce.
Greece, by Bre►nen or Hamburg—fl cents each
and 51 cent per 11 ounce.
Gibraltar, Spain, and Portugal, by Bremen or
Hamburg-3 cents each and 21- cents per 11 oz.
Austria, India, and China, by Bremen or Ham-
burg mails, via Marseilles-3 cents each and 9 cents
per 11 per oz.
Austria, India, and China, by Bremen and Ham-
burg mails, via Trieste-8 cents each and 2 cents
per oz.

PERIODICALS, &C.
Bremen, by Bremen mail-1 cent per ounce.
hamburg, by Hamburg mail-1 cent. per ounce.
Prussia, Austria, and German States, by Bremen
or Hamburg-1f per cent per ounce.
Lunenburg, by Bremen mail-11 cent per
ounce.

Lunenburg, by Hamburg mail-1i cent per
ounce and 11 cent per 1+ ounce.
Schleswig-Holstein and Denmark, by Bremen or
Hamburg-1f cent per ounce and 1 cent per 1+
ounce.

Sweden, by Bremen or Hamburg-1/ cent. per
ounce, and 2 cents. per 1+ ounce.
Norway, by Bremen or Hamburg-1/ cent per
ounce and 4 cents per 1+ ounce.
Holland, by Bremen or Hamburg-1/ cent per
ounce and 11 cent per 1/ ounce.
Russia, ;by Bremen or Hamburg-11 cent per
ounce and 11 cent per 4 ounce.
Switzerland, by Brewen or Hamburg-4 cent
per ounce and 1 cent per 1 ounce.
Italy, by Bremen or Hamburg-11 cent per
ounce, and 2 cents per 1 ounce.
Turkey, by Bremen or Hamburg-11 cent per
ounce, and 51 cents per 1i- ounce.
Greece, by Bremen or Hamburg-11 cent per
ounce and 51 cents per 4 ounce.
Gibraltar, Spain, and Portugal, by Bremen or
Hamburg-1f cent per ounce and 21 cents. per 1+
ounces.

Austria, India, and China, by Bremen or Ham-
burg mail, by way of Marseilles-1i cent per
ounce and 9 cents. per 11 ounce.
Austria, India, and China, by Bremen or Ham-
burg mail, by way of Trite—Gi cents per OULICC
and 2 cents per ounce.

PRESENTS AT PARKINS AND Gorro's.--Photo-
graphic Albums, a choice of 3,000; despatch-boxes, writ-
ing-cases, dressing-cases, travelling-bags, envelope-cases,
blotting-books, ink-stands, desks, book-slides, work-boxes,
tea-caddies, hand-bags, and reticules, card-cases, purses,
stationery-cabinets, scent-bottles, albums for postage
stamps, crests, &c. ; cigar-cases, card-baskets, pocket-
books, elect ro-gilt and elegantly-mounted articles. Bibles,
Prayer-books, and Church Services, in every type. Par-
kins and Gotto, 25, Oxford-street The public supplied
at wholesale prices from the largest stock in London.
COTTON BANKING.—The Bullionist censures
Liverpool for its agitation for money and its
dissatisfaction with the limitations imposed by
the Bank of England to a free circulation of
drafts, to be used for, or instead of cash, for
t other
com-
mercial cotton payments. The number of these drafts that
might be created out of seemswhat
beoiz straightforwarda fide a sum
dealing is enormous. Then there are creations of
tdhoautb
rtifl
gl h drafts, rraefstts ,a presenting
ad
sha o with h
w
on all
dealing. A million or two, as the sum of such
drafts discredited by a full supply of cotton, would
be able at any moment to cause local dis-
h contends that speculation
iturucsotttoann:l
andanthice. sound functions of banking, can-
not be safely linked together. Bank deposits would
be insecure were Lloyd's bonds issued by bankers in
the form of three months' drafts,—as a makeshift
expedient, and not in the manner of acknowledg-
ment of deposit indebtedness by the bank. To the
Liverpool system is traced the present anomalous
price of cotton, and the disturbance in the
spinning and weaving districts. It confers
on cotton an artificial value as• regards other
things. The price of tea and sugar is adjusted
according to the fixed valuation of an ounce of
bullion ; cotton, on the contrary, is governed
more or less by the ability of the banker
to accommodate his customers. Assuming
that £1,000,000 of three months, drafts were
afloat in Liverpool, passing from hand to
hind, each receiver endorsing the draft he passes ;
each draft serving 12 or 14 times as a medium of
cotton payments ; practically, for cotton dealings,
the circulation of Liverpool would receive the ac-
cession of £12,000,000 to £14,000,000. It is not
csoutrtro,rnisi
that u nadnedr sucholai
maintain
forcingain
pricesystemt
o
frighten spinners and unsettle industry.
What
ghOuitldad fluctuated
money
matters, have been the result of a full development of
this system, and under such a reform of our
matters, as Liverpool has often asked, the Bullionist
forbears to say ; and concludes that the practice
must now be stopped, Liverpool drafts on London
be in future short dated, and those of a doubtful
type be regarded as spurious notes and treacherous
in a high degree.