The Sun.
London, England, 1858-11-09 00:00:00

THE BANK OF ENGLAND.

For some weeks a series of attacks has been made
in the Times newspaper on the Directors of the
Bank of England for not lowering the rate of dis-
count. We are little disposed to undertake the
defence of the present directors of the Bank.
'There was a time when the directors sympathised
with the people of England, and remonstrated
strongly against the insane policy of the Peel and
Overstone theorists. Of late years, however, the
directors have become decidedly bullionist in their
prejudices, and have evidently regarded the pre-
servation of their gigantic monopoly as a thing of
greater importance than the welfare of the com-
mercial and industrial classes of their fellow-coun-
try-men. We leave them, therefore, to fight their
own battles with their former friends and allies,
the Bullionist theorists.
It is impossible, nevertheless, not to be amused
at the arrogant and intolerant tone assumed by the
Times' writers 'on the subject of the Bank Manage-
ment. Peel laid it down as an essential pert of his
system that the Bank should be entirely relieved
from all responsibility as to the management of
the nation's currency. He told the Bank Directors
to conduct the affairs of their establishment in their
own way, assuring them that his Acts would take
tare that the affairs of the nation were properly
provided for. It now seems that the theory of the
Peel party, like every other principle whisk they
so presumptuously laid down, is to be falsified in
practice. The Bank is to be left to actas it pleases;
always provided that it pleases to act agreeably to
the requirements of Lord Overstone and the writers
of the Times. There is apower behind the chair of
the Governor of the Bank which must not be gain-
said.
In the present instance it is not very difficult to.
see to which side common sense and prudence in-
cline. T
The bullion in the Bank has been gradually
diminishing. By the Bank return of last week
the amount of bullion shows a decrease of £144,084,
and the amount withdrawn since the return was
published makes it evident that the Bank has
acted with commendable caution and just discre,
tion in not hastily lowering the rates of discount.
Nothing can be more injurious than frequent and
unnecessary changes in the rate. Had the Bank,
in obedience to the commands of these self-ap-
pointed dictators, lowered the' rate a few weeks
back, it appears highly probable that it would hare
been found necessary to raise it again. The " hard
calculator,' of course, rejoices in these ups and.
downs. They all bring grist to the mill of Usury.
But the effect produced on trade and commerce
by this system of change and uncertainty is most
injurious.
In the meanwhile we leave this pretty quarrel be-
tween the Bank and the Times as it stands. The
tsrmsteemonlyis is t
nh
oo
Nrvo nwgahnl
wanting
gr i io cculo no
vu n
caend ev
erroyt thr
ant
i,
oannd
al
man in the country that it is so. The Bullionists
have rope enough in all conscience, and they are
certain, in the long run, to hang themselves:—
Derbyshire Courier.

The Malta Times, of Oct. 26, says.:—" Lieut.
Edward Pearmana.oNf
.tthwe
e2relsttaßk.eNn.Bin.tFoucsilusetodrs,yanbdyltlhre.
pol GurneyetwoShaw' evenings back for being drunk in the streets and
disturbing' the peace by knocking at the doors of respect-
able families. On refusing to give their names, they
were put into the lock-up, and on the following morning
appeared at the bar before the sitting magistrate, who fined
them £lss. each, and seysrely reprimanded them for their
unbeMaittg

• THEATRE-ROYAL, DRURY-LANE.—Under
the Management of Miss Louisa Pyne and Mr. W.
Rarrison.
THIS EVENING, Balfe's ROSE OF CASTILLE : Miss
'Louisa Tyne, Miss Susan Fyne, Miss M. Prescott ; Mr. Fer-
dinand Glover, Mr. A. St. Allayn, Mr. Bartleman, and Mr.
W. Harrison.

Conductor-31r. Alfred Mellon.
To conclude with a new Ballet Divertissement, LA FLEUR
D'AMOUR Mesdlles. L. Michelet, Morlacchl, and Platitude.

ROYAL PRINCESS'S THEATRE.
Under the Management of Mr. Charles Kean.
THIS EVENING will be presented Shakspere's Play iir
KING JOHN.
King John, Mr. C. Kean—Constance, Mrs. C. Kean.
Preceded by the Farce of
AWAY WITH MELANCHOLY.

THEATRE-ROYAL, HAYMARKET.
Lessee, Mr. J. B. Buckstone.

TEAS EVENING will be performed (second time) THE
TALE OF A COAT. Mr. Charles Mathews.
After which, THE DOWAGER. Mr. and Mrs. Charles
Mathews.
Followed by THE ETON BOY. Mr. and Mrs. Charles
Mathews, &c.
/lend JACK'S RETURN FROM CANTON.
Commence at 7.

ROYAL STRAND THEATRE.
Lessee and Directress, Miss Swanborough.
THIS EVENING, WOOING IN JEST AND LOVING
IN EARNEST: Messrs. Selby, Parselle, and Miss Swan-
orough.
After which THE MAID AND THE MAGPIE.
Followed by THE LAST OF THE PIGTAILS : Messrs.
C. Selby, J. Bland, J. Clarke, &c.
And THE BONNIE FISH WIFE.
Commence at 7 o'clock.

ASTLEY'S ROYAL AMPHITHEATRE,
Westminster-road.
Sole Lessee, Mr. William Cooke.
Astounding and Expensive Parisian Engagement..
THIS EVENING, and during the week, will be presented
THE WOODMAN'S HORSE, introducing a treble company
of equestrians and the finest Stud of Horses in the world.
Characters by. Messrs. Holloway, W. Cooke, Anson, Francis,
Mark Howard, Anderson.
Followed by the inimitable SCENES OF THE ARENA,
in which Mr. W. Cooke, Mr. Runnels, Miss Kate Cooke, and
3fadlle. Blanche will appear.
After which, Madame Amilie Maurice, from Paris, will make
her Terrific Ascent from the Stage to the back of the Galleries.
Mons. Maurice will also have the honour to introduce his
extraordinary Dogs.
" To conclude with A MISTAKEN STORY.
Dress Circle, 3s. ; Upper Boxes, 2s. ; Pit, ls. • Galleries, M.
Private Boxes from £1 ls. to £2 2s. and upwards.
Stage Manager, Mr. R. Phillips.

CANTERBURY HALL, Westminster-road.—
Proprietor—C. Mox'roN.
The public is most respectfully informed that 'the FINE
Arms GALLERY. in connection with the above Hall, IS NOW
OPEN DAT AND NIGHT, from 11 o'clock a.m. until 12
o'clock p.m. The New Gallery contains an extensive Collec-
tion of Pictures, by Ancient and Moern Masters, and is also
devoted to Art productions generallyd. The Proprietor feels
he may confidently assert that, viewed altogether, the exist-
ing 3lusie Hall, the New Fine Arts Gallery, and the recently
added Ante-Hall, will present an attraction which, whether
as regards the architectural beauty of the structures them-
selves, or the varied and hitherto unattempted combinations
Within, will be found to be wholly without parallel in the
Kingdom.
The MUSICAL ENTERTAINMENT commences as usual at
seven o'clock.