The Sun.
London, England, 1866-05-11 00:00:00

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MAC' 11, 1866.

iv )y telegraph :
" M. de Girardin could only characterise the speech
at Auxerre by saying that ' it will resound in Europe
like a cannon-shot.'

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patent. This system embi aces the non-interference with all
stumps, however decayed, the support ng inst:3ad of extrac-
tion of loose teeth mull they become firm and useful in mas-
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Consultation tree. Teeth from ss. sets irons 5 to 25 ga.,
warranted.

" M. de Girardin is mistaken. This speech will re-
sound in France and in Europe as the expression of
good sense. The opinion of the Emperor upon the
Treaties of 1815 is old and well known. He expressed
it three years ago beltf,ohrieehteheertaLejigi4antot Bhaovdeiefsoirn.
Treaties of 1815 have ceased to
teghxoeitstfteo.nl following terms,e
jelfgorce of things has overthrown, or tends
to overthrow, them almost everywhere." The great
bodies of the state and public opinion applauded
these words as well as the proposition of a Congress,
necessary for the security of nations. Yet this
language was much more serious than that held
at Auxerre, since it is a far graver matter for a great
Sovereign to deny treaties than to detest them. And
why does the Emperor detest the treaties of 1815?
He detests them for the reason which makes them
an object of hatred for the whole world. These
treaties, a hundred times broken, no longer possess
any moral authority. -File manner in which they
had been set aside is an instigation and a precedent
for all who consider they have an interest in violat-
ing them still further. Without checking the am-
bition of states these treaties are a cause of distrust
among nations. It would be easy to prove that
they cost a milliard a year in Europein nothing but
armaments necessary to restrain the antagonisms
which they create and the hatreds they kindle. In the
Treaties of 1815, conceived in the spirit of another
age, there is therefore a whole cloud of storms
threateninglstacocsystemen sre, aonofinternationaldfnpo tr the security of the present age, and so
so long as these treaties are not replaced by a new
publice
e
es
beinge nordertc
duidisturbed
us
relations,murbi s t
customs,
the
boe
yGtaooa
aspirations
Government
r teowantsambitiousnn
t aono
fel
neigh-
bour—no bhha
beingbo ur—r
ion
eruined
privateby
aindividual
financiale rci
e.
en be
Thecertain
Treaties
o f
1815 are therefore a permanentfrctlanger for the se-
curity of states and private
as a man of sense, and as such is thei
Emperor detests them as a sovereign, as a French-
man,ence the
signifi-
cation with which the famous speech of Auxerre was
delivered. The speech says, I detest the Treaties
of 1815,' implying that all those who, with or with-
out my aid, desire to substitute for them a system of
public order which shall, respond to the wishes of
modern Europe may be certain of meeting a gene.,
ral want and my own ideas. What is there in this
that is not the expression of a plain truth ? What
that does not recommend itself to the reason of every
enlightened mind ? But, say certain politicians,
there is in the Auxerre speech an instigation to war
and an encouragement to the ambition of Count von
Bismark. We must be allowed to say that it re-
quires a very penetrating vision to discover that. -
What does M. de Bismark want ? It is said that
he wants the Elbe Duchies, and that seems proba-
ble ; it is said, further, that he wants to acquire for
his own country the direction and the influence of
Germany. Such projects would proclaim the in-
tention of again breaking the Treaties of 1815 for
the profit of Prussia, but they must be very clever
who could discover therein the formal intention of
modifying them for the profit of Europe. France
cannot, therefore, compromise her responsibility by
partial and narrow enterprise, foreign to her direct
interests, and calculated to disturb the balance of
general power. The object France has in view is
neither the ambition of Prussia, nor the ambition
of Austria, nor the ambition of Italy ; it is her own
safety and dignity. Her programme was known,
and it has just been renewed ; it is entirely com-
prised in the words—' Reform of the Treaties of
1815.' Every enterprise that will not march to-
wards this end will find her not indifferent, but at-
tentive, vigilant, and resolved. Thus, the Auxerre
speech does not compromise us to the various in-
terests agitating Germany. It is like a last appeal
to the wisdom of the signitaries of the Treaties of
1815, in favour of the peace and the security of
Europe. It is for them to see whether it is expe-
dient
to leave to the always uncertain and formid-
able chances of war a general reform that France
has desired to come to agreement and peace. Neither
has the Auxerre speech the sense maliciously attri-
buted to it by the Sicle and the Journal des Debats.
We can understand that it suits the Opposition
journals to
littleto depti maythbee,
from
mjoritthyeseparated,pde
rihey
aseneral of the Government. This is not thegcraeseek, an t e
wellantdhaetnerhgeetimc
theEm Emperor knowsassistance adyevoti n
majority might be
tyoonofupothen
Corps Legislatif. No doubt the m •
better acquainted with the views of the Govern-
ment, and therefore more closely associated with
its policy. No doubt also there are in the Corps
Legislatif a certain number of members whom a
perhaps exaggerated and unreflecting dilletanteeism
groups round Opposition orators clever in the art
of speaking well. After having applauded M. Jules
Favre or. M. Thiers, these honourable deputies re-
solutely vote against them, and they act quite
rightly, since that is their opinion ; but a little less
literary talent, and a little more political spirit,
would better conduce to the good order and autho-
rity of the sittings. What these honourable Depu-
ties have applauded are not the doctrines of M.
Thiers, throwing sarcasm with a liberal hand upon
the constant votes of the majority itself, but the wit
and cleverness of the speaker. It is still above all
the idea of peace, of that European peace necessary
to all, which the policy of M. Thiers would have
long since lost, and which the policy of the Emperor
will preserve, if it be still capable of being pre-
served."

I candidate, 201. There was some rioting and fighting.
I Mr. Lascelles was driven from the hustings with
rotten eggs, but he afterwards spoke from the hotel.

DEVONPORT.
DEVONPORT7 May 10.
Mr. W. Ferrand, the
ex-member, and the new
Conservative candidates, the llon. Reginald C.
Abbot and Mr. Itaikes, addressed a large meeting
of the Conservative electors of this borough this
evening, and were very
Ferrand, in introducin g the new candidates, inveighed
favourably received. Mr.
against the Government for bolstering up the petition
through which be was unseated, after it had been
abandoned by its original promoters. The Liberal
'candidates, Mr. Montague Chambers and Admiral
nacres, are expected' here to-morrow.

For the efilca3y, utility, and success of this system, vide
" Lancet."

Messrs. LEWIN and SIMEON MOSELY and SONS,
80, Berners-street, Oxford-street, and 448, Strand,
Opposite Charing-cross Railway Station.

Daily attendance at 13, Whitefriargata, Hull; 10, Norfolk-
street, Sheffield ; 4,-li:sat-parade. Leeds ; 14, St. Nicholas-
street, Scarbro' ; and 33, Coney-street, York.
Established 1830. No connection with any one of the same
name.

The Stoppage of Overend, Gurney, and Co.
The panic 1

aas at length culminated- in the most
important and serious stoppage ever announced in
the City of London. Overend,
compelled to close
Gurney, and Co.
(limited) were this afternoon
their doors. Their liabilities amount
depositors
about
£10,000,000, of which £6a,n0d001,030,50000 tooo
epositors
is to un-
who hold bills as security,
£5,000,0013
covered depositors. The paid-up capital i
£1,500,000, the nominal capital being
in shares of £5O each, on which £l5 has been paid,
and the closing price this evening of the shares,
which six months ago were at nearly 10 premium,
was 81 discount. As the sum of £500,000 was paid
to the old firm for the goodwill on the constitu-
tion last August of the limited company, that sum
must now in any case be regarded by the share-
holders as irretrievably lost, but it may be hoped
that the assets in hand will go far to prevent a total
exhaustion of the remaining £1,000,000 of paid-up
capital, since, as recently as the past week or two,
the managers firmly believed that at the meeting
about to be held they would be able to show profits
sufficient to recover all losses, including that from
the fraud of Pinto, Perez, and Co., and to admit
of the declaration of a dividend. The break-down
has been the result of a run of speculative sales of
the shares. The general public regarded the com-
pany with favour, and, although it was well known
that the old firm, whose property not many years
back was reckoned by millions, had greatly dissi-
pated their resources by a series of imprudent ad-
vances, it was believed that those of the partners
who remained to manage the new concern would
henceforth conduct the business with an especial
amount of caution, owing to their full conscious-
ness of the mistakes by which they had suffered
in the past. That they have faithfully endea-
voured to do so is still the general opinion, but
every circumstance has been against them. The
frequent recurrence of disasters affecting the assets
of the old firm constantly affected the reputation of
the new one ; the notorious failure of Overend,
Watson, and Co., the railway contractors, operated
injuriously from the similarity of name ; the heavy
fraud of Pinto, Perez, and Co., the general break-
up of the Finance Companies, and the hourly ex-
pectation of a European war, were all calculated to
try them to the utmost. But there is no reason to
doubt they would still have worked through had it
not been for the persistent sales of their shares on
speculation. As soon as these operations had
brought the quotation to a discount, the depositors
began to take alarm, until at length the drain this
morning became too sharp to be resisted. Applica-
tion was made to the Bank of-England, but the Go-
vernors felt it Would be vain in a crisis like the pre-
sent to help one establishment, unless they were
prepared to help all that might be compelled to come
upon them. There was no time to take any other
step, such as making a call on the shareholders, or
seeking assistance either from creditors or kindred
establishments, and, moreover, the pending diffi-
culty had become sufficiently known to render any
palliative useless. Accordingly, suspension was re-
solved upon, and the following circular was imme-
diately issued :

"Overend, Gurney, and Co. (limited), London, E.C.
May 10.
"Sir,—We regret to announce that a severe run on our
deposits and resources has compelled us to suspend pay-
ment, this course being considered, under advice, the best
calculated to protect the interests of all parties.
"Mr. Turquand, of the firm of Messrs. Cole Man, Tur-
quand, Young, and Co., and Mr. Harding, of the firm of
Messrs. Harding, Pullein, Whinney, and Gibbons, who are
now occupied in auditing the accounts, will prepare a state-
ment of the affairs of the company, to be laid before the
shareholders at a meeting, which will be fixed for as early
a day as possible.—l remain, your obedient servant,
"WILLIAM Boss, Secretary."

The question now is, What is to be done? The
stoppage of 0 verend, Gurney, and Co. will be the
signal for the suspension of every other large con-
cern that has lately been known to be under pres-
sure, and of every banking and finance company
whose position has been assailed by rumour, or whose
shares may be selected for attack in the Stock Ex-
change. Bills of parties whose engagements are
enormous, and whose fortune is believed to be
ample, have already this afternoon been returned,
and unless prompt steps are taken the close of the
week will be marked by disasters such as have never
been equalled in our commercial history. The
sole evil now to be dealt with is panic. The
cure of the Finance mania has long ago been
wrought, and the prices of the shares of these
schemes have fallen to a point to leave, as far
as they are concerned, little more to dread ; but it
is now for those who represent the wealth and
solidity of London to decide whether their sagacity
and resources are so feeble as to render it im-
possible for them to devise any means of stemming
an insane torrent that must not only affect the
metropolis and all the great provincial centres of
our commerce, as well as our Indian, our colonial,
and foreign markets, but will at once lead to a
suspension of public works throughout the king-
dom, such as in every district to throw thousands of
people out of employment. By united action a few
days back they might have averted the calamity of
to-day, but on all sides there was perfect helpless-
ness. The time is now past for discussion or
counsel. The question of action in some way must
be decided in a few hours. It is the instantaneous
transition from a state of -wild expansion of credit
to a total stoppage of credit that has brought us to
the present pass. The introduction of credit in a
new, safe, and legitimate way can alone supply the
remedy. To-morrow morning, without the slightest
avoidable delay, the leading institutions and firms
who see the jeopardy of the moment should form a
deputation to the Chancellor of the Exchequer,
with a request that he should authorise the Bank of
England to issue interest-bearing post notes in the
shape of ordinary Bank post bills, either at the cus-
tomary seven days or 30 days, or for any other
period that might be considered better, to any
extent they may deem necessary and prudent upon
unquestionable security. If this or some analo-
gous request be acceded to there will be reason to
expect an immediate subsidence of all unnecessary
danger.—Tinzes City Article, dated Thursday Even-
ing.

The NEM
THE MURDER IN JERSEY.--Tuesday.
succeeded
suspected
syesterday in capturing ama h
being concerned in then mwurdoer i:
stronglyf
Mica Esth erSu Len
is
Brun,
Frenchman
n oaht
inB ta
nPeter'
suspectedisindividual
whoa'giirveersesthye. name
The
of Francois Bradley, though this is '
presumed to be false.
He escaped from custody three weeksgorhilein charge
of the police at the Royal Court, where .
e
ehad been exa-
mined on a charge of burglary in th
parish of
old woman
While in gaol he boasted that he knew
living with her lunatic brother in the parishanof St. wPetemra'ne
(where the deceased lived), and that if he escaped and was
brought hack to prison it would be for something very
different from the offence for which he was in custody.
When apprehended yesterday his left hand was found to
have been cut with something sharp—just such a wound
as broken glass would make. On his clothes and inside
' his cap marks of blood were discovered, and his jacket
sleeves and part of the body were wet, as though they had
been recently washed. Without any mention of the mur_
der being made to him he made several statements con-
cerning it which greatly confirmed the suspicions enter-
tained of him. He accounted for the wounds in his hands,
saying that he received them while engaged in loading
a
vessel with bricks, while it is proved that ne such cargo
had been hipped during the time mentioned.
The police
are still prosecuting their search. The •
handcuffed, made his escape from the oirsoner, though
handed him, but he was captured afte cers who appre-
lodged in prison. r a smart chase and
'THE MAILS, &c.._souTßA
HAMPTON, May 9.—The
North German Lloyd steam hi
left for New York at s p Bremen, Capt. Neynaber,
noon to-day with -
535 steerage mails, 120 cabin and
passengers, and
chandise, including 21 a full cargo of general mer-
value £8,500. The packages of jewellery, from Havre,
PanY7 Capt. Wenke Hermann,
belonging to the same com-
, which left Southampton on the after-
noon
Sof Tuesday, the -
17th ult., arrived at New York on aturday, the
28th,
at 9
p.m.,
all well, and she is expected
off Cowes on her
return with
mails from New York to
the sth on
Wednesdayinst. Inconsecineuzetnce of
a recent order from the Treasury, the Mayor of South-
ampton, accompanied by the medical superintendent of
quarantine, went on board the Bremen immediately on
her arrival at this port from Bremen on Monday last, at
midnight, to make an official inspection of the ship, and
the passengers
ascertain the state of health among
After a most minute inspection, including the onboard.
steerage de-
partment, these officials expressed their great satisfaction
at the perfect state of cleanliness and salubrity in which
they found the ship, also at the excellent arrangemeiris
made on board for ventilation and the general comfort of
passengers. The Royal Mail Steam Packet Companfs
steamer Douro, with the Brazil and River Plate mails, sailed
this afternoon. She took out 89 Passengers, among whom
were Governor and Mrs. l-tra,
--inson, for Montevideo, the
Hon. G. Talbot, for BuenosAyres, and Lieut. Thompaolat
for Rio de Janeiro ; English jewelry, value X 1,202; French
jewelry, value £6,449 18s. 6d. ; specie, £94,347 ; and bar
silver, £71060 i also a I'l4 cargo Of general nierchandfse:

MISCHIEF IN A CATIIEDRAL.—On Sunday even-
ing some mischievous scamps effected an entrance
into Canterbury Cathedral, and lit the large candles on the
communion table. The fact was not discovered till nearly
9 p.m., when the attention of one of the vergers was called
to the unusual light, when of course he immediately extin-
guished the candles, which had been apparently burning
two or three hours.—Kentish Observer.
[AnvEnTisEmENT:]--liolloway's Ointment and Pills have
over and over again proved the best friend to persons
abscesses, fistula;
afflicted with ulcerations, bad legs, sore; .
and other painful and complicated complaints. Printed and
very plain directions for the aptiliction of this ointment
taken
throw eagcbh 0
In b
por oogwr easys' so
alterativetbe e u
toe,
pillsto
maintainbe"the blood in a state feperfect purity, and pe should
local ailment. Bad legs ( ld edy
vent the health of the whole l!: being jeopardised by the
readily cured, without coonfinTnegethgreepaattgierinetvtaonbeced)
oarrewtihtbu-s
drawing him from the nutritious diet and generous sup-
port so imperatively demanded when weakening diseases
attack advanced years, or constitutios evincing premature
decrepitude. '