The Sun.
London, England, 1858-11-01 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 FAMILY JARS.
No fee for booking.
Stage lianagor, Mr. R

CANTERBURY HALL, Westminster-road.—
OPEN EVERY EVENING.—The following Company
of Vocalists are engaged for the performance of Selections
from all the popular OP MADRIGALS, CHORUSES,
GLEES, DNETS, &c., :—Miss Russell, Mrs. Badsey,
Miss Brunell, 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. Jonghmans.
Commence at 7 precisely. Suppers, &c., until 12 o'clock.

NOTICE.—The Proprietor begs respectfully to announce
that _ _ _

THE FINE ARTS GALLERY
IS NOW OPEN,
From 11 o'clock a.m. until 12 o'clock p.m.,
Containing an extensive Collection of Pictures by Ancient
and Modern Masters.

THE WEATHER.—SuN OFFICE, OcT. 31.

THERMOMETER, IN THE SHADE.

50—highest since noon:yesterday.
44—lowest this morning and during the night.
48—this day at noon.

BAROMETER-30.58.
Wpm, Easterly ; light, with dull hazy weather.
Nov. 1.

49—highest since noon yesterday.
37—lowest this morning and during the night.
47—this day at noon.

BAROMETER-30'48.
WIND, North Easterly; light, with very dense fog all
the morning—still hazy.

THE SUN.

MONDAY. NOVEMBER 1, 1858.

It is always satisfactory to see a member of Par-
liament on good terms with his constituents—to
find both parties mutually pleased, the representa-
tive with the electors, and the electors with the.
representative. It speaks well for each and all. It
is like " the quality of mercy," " twice blessed."
Still more satisfactory is it to find those who had
formerly been opponents, won over by the irre-
proachable conduct and sterling honesty of their
member, by his indefatigable zeal and unflinching
energy in fin-our of the general interests of the
district, and of every inhabitant thereof, without
reference to his political opinions.
The habit that is now gradually springing up of
honourable gentlemen appearing, d uring the Par-
liamentary vacation, before their constituencies, to
render the accounts of their respective steward-
ships, and to consult as to the prospects of the
future session, is positively beneficial. It greatly
conduces to that good feeling which is so desirable
on every side, corrects mistakes, smooths down
asperities, and restores the entente cordiale when
the member is really entitled to credit.
Mr. JAMES WYLD, M.P. for Bodmin, has met
the electors of the
,borough, and delivered a
manly and straightforward speech, sound in prin-
ciple and eloquent in language, but, above and
beyond all, characterised by independent honesty
and clear views of the political past, present,
and future of the British Empire. He was accom-
panied by the Mayor, who, although he had nct
been one of Mr. WYLD'S supporters at the late
election, and although there were still some slight
differences on some questions, the Mayor bore will-
ing testimony to the unquestionable fact that in
Mr. WYLD the constituency " possessed a most
able, enlightened, efficient, and valuable member."
This well-merited tribute of respect and esteem
was received with enthusiastic applause by the
crowded assembly. The rapturous cheering de-
livered by a large majority of the electros proved
that, at all events, Mr. WYLD would have nothing
to fear in the event of any new appeal to the coun-
try. His seat may, at all events, be regarded as
safe under any circumstances.
The hon. gentleman clearly explained the cause
of the decline and fall of the PALMERSTON Minis-
try, and the reasons why, although anxious to
support the Government of the noble Viscount in
every point where he believed it to be [right,
he was equally determined to oppose it when
wrong. The Conspiracy to Murder Bill was
a matter which he could not swallow. It
was derogatory to the honour and inju-
rious to the interests of the country. It struck
a fatal blow at one of our most time-honoured
institutions—the universal hospitality to the
political refugee, no matter what may be the nature
of his opinions, so long as he conducted himself
properly and in accordance with British law, which
gave shelter alike to Louts NAPOLEON and LEDRU
ROLLIN, to METTERNICH and MAZZINI, and would
never suffer its right of sanctuary to be invaded.
Lord PALMERSTON had the largest majority with
which any Minister was favoured for a series of
years. He exulted in his streigth, and became in-
solent in the pride of his Prosperity. He abandoned
the Liberal party, not the Liberal party him, and
when ejected from office, he thought he had
but to stretch forth his hands to regain the
reins of power at any moment he thought
however, reckoned without proper. He had,
Liberal party had i:een
his host. The really
too thoroughly disgusted to be again caught with
chaff. They required substantial pledges—a can-
did explanation of that fabulous Reform Bill, which
was always promised, but never forthcoming—that
was a species of political " Flying Dutchman" that
only loomed through the mist in the hour of storm
and danger, but never appeared during fair wea-
ther and plain sailing. Lord DERBY, therefore,
received a fair trial, and the nation had cause of
rejoicing therefor. Mr. WYLD has [fairly stated
the result. "He was, as an honest man, bound to
say that more had been conceded during the past

session than had been obtained from the so-called
Liberal Government during several preceding ses-
sions." This is unexceptionable testimony from
a genuine and true-hearted liberal, a man of such
unquestionable veracity. It shows how well the
Government has done, and how fully entitled Lord
DERBY is to the support of the independent Libe-
rals, until at least Lord PALMERSTON offers some-
thing more worthy of general acceptance.
On the Reform Bill " looming in the future,"
Mr. WYLD holds sound views. He is of opinion
that " every man who paid a rate has a right to
the franchise, and also every man who contributed
to the taxation of the country ; but that no man
ought to be entrusted with a vote who cannot read
and write." This is a species of educational test
which, perhaps, might fairly be adopted. It would
encourage the spread of education, when every man
would be ashamed of his ignorance, if it converted
him into a political cypher.
Mr. WYLD also strenuously advocated the Ballot :
without that no measure can be acceptable to the
country. Protection to thevoteris required against
every corrupt influence against himself, as against
every possible persecutor, whether priest, landlord,
employer, customers—or rough.
We earnestly commend Mr. WILD'S admirable
speech, which will be found in another part of our
impression, to the attention of our readers. It will
be found well worthy of perusal.

Notwithstanding the vituperation of the Times,
another Thursday has passed, and the Bank of
England has still maintained its minimum rate of
discount at Three per cent. Whether the "Leading
Journal" has become tired of the bootless onslaught,
and has retired from the contest in disgust, or
whether it is merely "nursing its wrath to keep it
warm," is a matter only known to the presiding
deities who haunt the secret recesses of Printing-
house Square. It is unanimously allowed by all
save " the hard calculators," that the Directors are
entitled to the greatest possible credit for their
prudence and firmness in steadfastly resisting
the pressure to which they were subjected. Bully-
ing and cajoling were alike useless, and they un-
hesitatingly refused to lend their aid to produce a
mania which must inevitably, after a brief period,

degenerate into a panic.
The Times has made agreat concession. It admits
that the Bank are not under any public obligation
to accommodate their discount movements either to
the state of the markets or any other condition, except
such as may suit their own notions of expediency.
This is kind on the part of the Thunderer, but pos-
sibly it might have been more highly appreciated
if it had preceded, in place of following,
the series of virulent attacks that have appeared
from time to time during the present month. They
may, however, now be permitted to do as they
like with their own money, and refrain from fol-
lowing either the reckless or carefully-planned
movement of the so-called money market.
The business of the Bank of England is not to
stimulate wild speculation by encouraging men to
engage in transactions when money is a drug in
the market, from which they cannot possibly ex-
tricate themselves without a terrible, possibly a
ruinous loss. Its mission is to support the legiti-
mate trade and commerce of the country ; to
promote the creation of national wealth,
by giving reasonable assistance to manu-
facturers of every class. These men do not
ask for money, at less than 3, or even 4 per cent.
That iss-quite cheap enough for all their purposes.
With that they can keep their mills and factories
working full time, and can give abundant employ-
ment to every man, woman, or child, able and
ing to work. They do not even get the benefit of
the reduction when it is made. It is the large
capitalists, the money-brokers, and " hard calcula-
tors," who receive the sole benefit of the fall; and
surely they are not parties entitled to any very-
high degree of public sympathy.
There is one fact which the Times cannot ex-
plain, and which fully justifies the pro-
ceedings of the Directors, if they wanted any
justification. The amount of their balances has
experienced no diminution !" There is no rush of
depositors to withdraw their accounts, no stern
refusal of those having discount accounts to submit
their paper to the Bank. They have just as much
business as they are disposed to do. There is gene-
rally at this time of the year a reduction in the other
securities, in consequence of the payment of the
dividends, and the return of the advances made on
Government Stock, or other public securities. The
reserve of notes and the stock of bullion have also
been reduced, and certainly these are :not circum-
stances that should induce the Bank to relax
its caution, in order to play the game of the
" hard calculators."

While the Bank was allowed the discretion, that
ought never to have been taken away, the rate of
discount never varied more than from 4 to 5 per
cent. save for a few months during the American
panic of 1838-9, During that time it was never
compelled to solicit indulgence. Every one, of
course, knows that from 1797 to 1821 the Bank-
note was inconvertible. No man could take it to
the Bank, or insist on instant payment in bullion.
But, neverthelesss, it possessed the purchasing
power. No man who possessed a £1 Bank of
England note need remain hungry or thirsty : he
possessed to that extent a command over all the
necessaries and luxuries of life. He could pay
rent or taxes—fearlessly encounter butcher or
baker, tailor or shoemaker. If engaged
in foreign trade; he found the means of meeting
his engagements by going into the market, and
purchasing either approved bills or gold or silver
bullion at the current rate of exchange. There
were few, if any, well-founded complaints put
forward respecting the scanty of a suitable mea-
sure and representative of value—still Less were
there any remonstrances against an excessive issue.
Large fortunes were realised. Every man enjoyed a
fair degree of prosperity, and that notwithstanding
the most enormous taxi . tion and the most oppressive
burdens to which any nation was ever subjected.
The £1 note was the enchanter's wand that produced
all these miraculous results. The £l, wb tich again
saved the country in 1825 from bankri iptcy and
ruin, but which by an act of senseless in gratitude
was at once and for ever banished from England,
although it has still found an abiding place in
Scotland and Ireland.

With really national notes of small and convenient
denominations, we should obtain that " fixity" in
the value of money that is so urgentl) 7 required.
We should no longer find the rate a f discount
vibrating between 1 and 20 per cent. ' We should
not find money a drug at one mor rent, and
impossible to be obtained at nost any
sacrifice at another. We should not have
the industrious middle classes delivered c aver, bound
• hand and foot, and placed at the tende t • mercies of
"the hard calculators." Every small ( ionler would
not then necessarily be absorbed by 'tate larger
ones. He would have a fair chance, at sill events,
and that he is entitled to receive, and wov ad obtain,
if he only exerted himself steadily and energeti-
cally.

The Hon. R. Carleton and Mrs. and Mi. ss Carle-
ton are expected to arrive in town to-day, from P aria. Mr.
and Mrs. Carleton have had the honour of being guests of
their Imperial Majesties at St. Cloud during the i )p.st week.

LA'TES NEWS.

INDIA.

The following message has been received at the
East India House :

To J. C. Melvill, Esq., India-house.

From Mr. H. L. Anderson, Secretary to Govern-
ment, Bombay.
Mr. Edmonstone's message has not yet been
received.

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