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, 3s. ; Upper Boxes, 2s. ; Pit, Is. ; Galleries, 6d.
Great and Extraordinary Sensation produced by the new and
brilliant Decorations—Splendid Act Drop—Magnificent
Chandelier—Appropriate Scenery.
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 Farce called A MISTAKEN STORY.
No fee for booking.
Stage Manager, Mr. R. Phillips.

CANTERBURY HALL, Westminster-road.—
OPEN EVERY EVENING.—The following Company
of Vocalists are engaged for the performance of Selections
from all the popular OPERAS, MADRIGALS, CHORUSES,
GLEES, DIETS, &c., viz.:—Miss Russell, Mrs. Badsey,
Miss Brunel', Miss Ray, Madame Bartoletti, Miss Montague,
Mrs. Lawrence, and Mrs. Anderson; Herr F. Jonghmans,
Mr. Renshaw, S Jones, J. Barker, W. Melling, Senor Antonio,
E. L Rime, 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. Jonglimans.
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.

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

THE SUN.

WEDNESDAY, OCTOBER 27, 1858.

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 Leadei—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,
!tad 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 RICHARD 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 scat 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—can 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
wounded 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.

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 eceteris puribus—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 so flagrantly and eatuitously betrayed. Mr.
AKROYD came in for Stockport, and so with the
test of these Liberal constituencies. Time passed.
Boze of th
es-11.P.'0 crud peocavi, some re-

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. BAILEY than Mr.COEDEN.
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
JOHN 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.

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 directcks
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 to 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 on far
better security for an Englishman.
Irelandis now in afar different position fromwhat
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 ms, 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 3 per cent.
The balances are just as fully employed as the
directors would wish them to be. The reserve of
notes and the stock ofbullion 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. Men 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 is any complaint against

the Bank, it is that it is "tots fastidious." It will
not look at second class paper on any terms, or at
any price. The unholy thints is peremptorily
eschewed. Why, then, pretrsnd that the Bank is
acting in opposition to all it a 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.

OFFER TO RESTORE THE ATLANTIC
TELEGRAPH.

TO THE EDITOR OF THE SUN.
SlR,—The insertion of the enclosed in your
columns would greatly oblige yours, &e.,
G. 0. WILDMAN WHITEHOUSE.
Valentia,sOct. 23,

Valentia, Oct. 23, 1858.
To the Directors of the Atlantic Telegraph

Company. •
Gentlenren,—lntense interest in the success of a
work with which from the first I have been so
largrAy identified—an interest which neither the
serAse of a recent injury can extinguish, nor undo-
'served contumely destroy, leads me, in the present
critical, and almost desperate, state of the Atlantic
cable, to come forward and offer my services again
to the undertaking.
All the opinions which the board have published,
as well as their acts founded upon those opinions,
concur in leading irresistibly to the inference that
the present condition of the cable is considered to
be almost, if not absolutely, hopeless.
As one of the projectors, upon the faith of whose
representations a large portion of the original capi-
tal was subsclibed, as a late officer, whose position
afforded him the very best opportunities of gaining,
experience, which may now be of value to the in-
terests of the company, and as one whose opinion
' may thus have some weight, even though dia-
metrically opposite to that adopted and published
by the board, I feel that I am entitled, nay called
upon, to offer my services at the present juncture.
I have not tested nor in any way examined the
state of the cable since my return to Valentia, nor
shall I of course do so after all that has passed,
until I receive definite permission from the direc-
tors for such examination to be made by me.
It is therefore from previous observations and
from a careful review of all that has occurred since
my departure from Valentia, that I now state my
strong conviction that our cable is recoverable—
readily recoverable—and if such opinion be correct,
the re-opening of communication with America
must at once follow the adoption of the proper
measures.

A few days' testing, guided by the experience
gained during the manufacture and subsequent use
of the cable, will in all probability enable me to
ascertain this beyond doubt.
If the result of this examination be such as to
satisfy my own judgment, I shall then be prepared
to make to the company the following offer :
I will undertake at my own cost, and at my own
risk, to re-open communication with Newfound-
land, and, further, to maintain it for a given num-
ber of years, at a moderate percentage upon the
gross receipts of the company, this being payable
so long only as the line shall be kept by me in
good working order.
I now, therefore, request the directors' permission
for such examination of the cable as shall be neces-
sary to enable me to make an offer in the terms
above stated.—l am, &c.
G. 0. WILDAN WHITEHOUSE,

Late Electriciant,o the Atlantic Telegraph Company,

THE COURT.

WINDSOR, TUESDAY, OCT. 26.

Her Royal Highness the Duchess of Kent (attended by
Lady Anna Maria Dawson) and the Prince and Princess of
Leiningen dined with her Majesty yesterday. Lieutenant
Colonel Wynyard (the commanding officer of the Ist Bat-
talion Grenadier Guards) and Major Cowell, R.E., had the
honour of being invited.

The band of the Grenadier Guards played during
dinner :
Overture—" Guillaume Tell."
Waltz—Her Royal Highness the Duchess of Kent.
Selection—Sicilian Vespers.
Quadrille—Musketeers.

Her Majesty's private band afterwards attended and
performed in the Drawing-room the following selec-
tions :

Overture—" Zampa" Herold.
Motetto (No.. 1)
Geschwind Marsch Sulze.
Romance—" La Part du Diable" . Auber.
Bolero—" Vepres Siciliennes" Verdi.
Finale—" La Domino Noir"

The Queen and Prince Consort, accompanied by Prince
Alfred, walked in the Home Park this morning, and visited
her Royal Highness the Duchess of Kent at Frogmore.
The Queen Marie Amelia, the Duke de Nemours, the
Prince and Princess de Joinville, the Duke de Chartres,
the Comte de Paris, and Prince Philip of Wurtemberg
visited her Majesty in the forenoon.

His Royal Highness the Duke of Cambridge will
leave St. James's Palace to-day on a visit to her Majesty
and the Prince Consort, at Windsor Castle.

His Excellency Count Orloff, accompanied by
Count and Countess PoUchkin and family, have left
Claridge's Hotel for Paris.

His Excellency the French Ambassador and the
Duchess of Malakoff are expected to leave Albert-gate
House to-day for Windsor Castle, having received an invi-
tation from her Majesty to join the royal circle.

His Excellency M. Isturitz, the newly appointed
Minister from Spain, who arrived a few days since from
Madrid, to enter on his diplomatic duties, goes to Windscr
Castle, either to-day or to-morrow, to present his creden-
tials to her Majesty.

The Duchess of Wellington leaves town to-day to
join the Duke at Claremont, Norfolk.

The Marquis of Lansdowne has left Bowood for
Broadlands, on a visit to Viscount and Viscountess Pal-
merston.

The Marchioness of Ely and family have arrived
at their residence, Prince's-gate, from Scotland.

The Marchioness de Conceica and family have
arrived at the Brunswick Hotel, from Italy.

Lord and Lady Aveland have been entertaining
a succession of visitors during the past fortnight at Nor
manton Park. The party have had capital sport in his
lordship's well-stocked preserves.

Lord and Lady Foley will return to town from
Worksop on the Bth of next month. The noble lord and
her ladyship will leave on the 20th proximo for the Conti-
nent.

The Dowager Lady Raglan and the Hon. Miss
Somerset are expected in town in a few days from visiting
the Earl and Countess of Westmoreland at Apthorpe House,
Northamptonshire.

Lord and Lady Calthorpe have arrived at their
residence in Grosvenor-square from Perry Hall, near Bir-
mingham.

Lord and Lady Alfred Churchill are passing the
season at Perry Hall, near Birmingham.

The Count and Countess de Lalaing have left
Farrance's Hotel, Belgravia.

We are glad to be able to contradict a report
that has appeared in a contemporary, and to state that the
gallant admiral of the fleet, Sir 'John West, continues in
good health at his residence in Eaton-square.

Lady Williams has returned to town from visiting
Lord and Lady Foley, at Worksop Manor.
The Rev. H. Dawkins and Mrs. Dawkins and
Mr. Dawkins, and the Rev. G. Boyce and Mrs. Boyce,
have arrived- at Edwards's Hotel, the former from St.
Neot's, and the latter from Kent.
Monsieur and Madame de Bernoff have arrived
at the Clarendon, from St. Petersburg.
MARRIAGE OF LORD EGLINTON.—The report in
a paper of yesterday respecting the marriage of the Lord-
Lieutenant with the Lady Adela Capel is correct. The Earl
of Essex, the bride's father, is the possessor of large estates
in Roscommon, where his lordship has been recently a visi-
tor. The Viceregal nuptials are to take place on Tuesday,
and the ceremony is to be strictly private.
ESCAPE OF A POLITICAL PRISONER.—The fol-
lowing curious escape from the Hopital St. Louis of a poli-
fleal prisoner and alleged lunatic is recounted by the Inde-
pendance Beige :—" M. Fargin Fayolle, an ex-member of
the National Assembly, who took part in the affair at the
Conservatoire des Arts-et-Metiers with Ledru Rollin, was
condemned for that offence to imprisonment for life. After
undergoing his punishment for six years, he was seized with
illness, and it was decided to remove him to a maison de
sante. Three years ago he was accordingly taken to the
Hopital St. Louis, where he resided in the Pavillon Ga-
brielle, which is reserved forpatients whohave the meansof
paying for better accommodation. Two days ago, on one of
the attendants entering the apartment, the prisoner had dis-
appeared
and all his effects had been removed. The evening
before, about five o'clock, after he had dinner, M. Fayolle
went into the garden appropriated to the use of convalescent
patients ' • he spoke to several as usual, and walked up and
down as he was in the habit of doing. At half-past seven
he returned to his room, but, before doing so, he, contrary
to ordinary habits, shook several of the patients heartily by
the hand, and from that time no one has seen him. His
bed was found just in the state it would have been if it had
been slept in. As to the means by which he has escaped
aaa removed his offsets) all reniaixo =lmam"

...
'‘..."." -vt 0.0 f• At ''' '—'.... s
011110Aillg.:'1'';',
4- —V 4: \- i ~,,..,r
'V‘4tltilr
:.-- "!' ~,,„ ' j• '-' ,
er,'''el'S
- - ,;.' *1.1.,... iip• .-vr),.."'",
~,