The Sun.
London, England, 1857-11-14 00:00:00

WAKEFIELD z-Nov. 13.

..„..
The market well attended, and grain in moderate
supply. Wheat met a limited demand, although a reduc-
tion from last week's currency of is per qr. on the beat
and 2s on secondary qualities would have been conceded.
Barley is to 2a cheaper ; inferior neglected. Beans, oats,
and shelling rather weaker.

Average prices of grain—Wheat, 53s 6id ; barley, 39s
—d ; oats, 8 —d',• beaus, 45s 5d ; peas, 44s —d;
rye, —s. Od.

EXETER--Nov. 13.
CORN.—Wheat, Gs 9d to 7s Od ;• barley, 4s 9d to 5s ;
'
grinding do. Ot Oct to Os Od. Oats, 3s Ud to 3s 3ei.
Beans, Os Od to 0 Od. Peas, OUs Od to 00a Od.
FLOUR.—Fine, 38a Od to 40s Od ; seconds, 36s Od to 381
Od per sack.
CATTLE.--There was a small supply of bullocks. Best
beef, from 10a 6d to lls 6tl per score ; inferior, 7s to 8s per
score ; fat calves, Od to 6d per lb • barrenners, Os Oct to 04
Od. per score ; cows and calves, 1.21. to 201. s
u butchers'
—a to a each;
5s per couple; ewes Od
to 60 ; wothers, 7(1 —d; lambs, 7tld to 0 per lb. Pigs,
large size, —s to —s ; second size, —a to —a ; slips, —8
to —s ; suckers, —s to —s. Rough fat, 4d per lb.
schaleveeps:eOwdestaon7ddlapmebrsl,b2"l. srseatori37. calves
Pork carcases from 9s 6d to 103 6d per score.

BRISTOL SUGAR—Nov. 13.
We have not many transactions to report this week
eithersodnined.raw or refined, the market having been entirely
sup

COAL MARKI
Prices of Coals per ton ai

:T.—Nov. 13.
; the close of the market
Walleend, &o.

------ _ -
s. d,
Walker Primrose l4
Bebsidc's Hartley lB 0
North Percy Hartley l5 6
Taufield Moor Butte 14 3
Morpeth West Hartley 17 0
Wallsen a, ka.

1 y;nie:tiosguehi,Bl,l.:ailill lffe trtonn s d
18 3
Cassop 19 0
19 0
21 6
Frainwellgate . lB 3
Stewart's 2O 0
Whitworth l6 0
Fletten 2O 0
Eden l9 3
Braddyll l9 0
4, 44 ; sold, 39.

- -
I
Gosforth S 3
17Riddell 6
Loan bton l9
Tees 2O 6
Haswell 29 0
Ships at market

COURSE OF EXCHANGP— -v-
-- ... ESTERDAY.
Ditto, three mouths .. 12 2 Leghorn
......... •... 30 73
Amsterdam.......... ••••
221661
221008
Antwerp • • • • • • •• •• .. • •
Rotterdam ............
2152
825
IGlteiniaona ::::::::::::•.:::: 26 10
Brussels ..............5 85 ; Venice •
.. _
aamburgh ............13 13 Naples .„ ..,
••••••••..... 42%
Altona •• •• •• •• .. •• •• •• • • Palermo •.•...••....... t„,„,;%
rari5.................. 25 45 Messina ••••• •••• •••-•
... 126%
Marseilles
itlbl
ersee
.m.
.o.n.t.h.s. .... : :
Bourdeauz ...... —•• .•. „...
Berlin ......•••• .. •• .. • 'New York ,60 days' sight •••-•
Frankfort-on-Maine • • ..
*- a ... ...
Trieste•• •• ••..•• •• .... 11
Vienna.......... ••.. •• 10.58 Philadelphia -
1 I.IIOSB OF amazon, rsz oz:
Petersburg •• •• • • •• •• ••
Madrid ............... 43 ,Portugal Gold Coin .• 0 0. 0
Ao Janeiro
yol
de .3
i.
n.
Bars . ix. .3:
16.:—%9
Cadiz ..........• ...... 49 Mexican Dollars 0 0 0
Barcelona •• .. •• •• •• .. .. New Dollars 0 0 0
Seville..
122
33%
Filluioreenignos
OportoL bo n Gibraltar
..
..
..
..
..
..
..
..
.. .. . . . .. . .

The correspondence between the Government
and the Bank directors in 1847 may be interesting
to many of our readers at the prosent moment. It
was as follows :

Downing-street, Oct. 25, 1847.
Gentlemen,—Her Majesty's Government have seen
with the deepest regret the pressure which has existed
for some weeks upon the coa.i,piercial interests of the
country, and that this pressure has been aggravated by a
want of that confidence which is necessary for carrying
on the ordinary dealings of trade.
They have been in hopes that the check given to
transactions of a speculative character, the transfer of
capital from other countries, the influx of bullion, and
the feeling which a knowledge of these circumstances
might have been expected to produce, would have
removed the prevailing distrust.
They were encouraged in this expectation by the
speedy cessation of a similar state of feeling in the month
of April last.
These hopes have, however, been disappointed, and
her Majesty's Government have come to the conclusion
that the time has arrived when they ought to attempt by
some extraordinary and temporary measure to restore
confidence to the mercantile and manufacturing com-
munity._

For- this purpose they recommended to the directors
of the Bank of England, in the present emergency, to
enlarge the amount of their discounts and advances upon
approved security ; but that, in order to retain the
operation within reasonable limits, a high rate of intert st
should be charged. In present circumstances they would
suggest that the rate of interest should not be less than
g per cent.
If this course should lead to any infringement of the
existing law, Her Majesty's Government will be pre-
pared to propose to Parliament, on its meeting, a Bill of
Indemnity.
They will rely upon the discretion of the directors to
reduce as soon as possible the amount of their notes, if

any extraordinary issue should take place within the
limits prescribed by law.
Her Majesty's Government are of opinion that any
extra profit derived from this measure should be carried to
the account of the public, but the precise mode of doing
so must be left to future arrangements.
Her Majesty's Government are ■ot insensible to the
evil of any departure from the law which has placed the
currency of this country upon a sound basis ; but they
feei confidant that, in the present circumstances, the mea-
sure which they have proposed may be safely adopted ;
and that at the same time, the main provisions of that
law and the vital principle of preserving the converti-
bility of the bank-note may be firmly maintained.
JOHN RUSSELL.
CHAS. WOOD.
The Governor and Deputy Governor
of the Bank of England."

(Copy of Reply.)
Bank of England, October 25, 1847.
Gentlemen,—We have the honour to acknowledge
your letter of this day's date, which we hire submitted
to the Court of Directors, and we enclose a copy of
the resolutions thereon.
JAMES MORRIS, Governor.
11. J. PRESCOTT, Deputy-Governor.
To the First Lord of the Treasury and
the Chancellor of the Exchequer.
Resolver4,—That this Court do accede to the recom-
mendation contained in the letter tram the First Lord
of the Treasury, and the Chancellor of the Exchequer,
dated this day, and addressed to the Governor and De-
puty-Governor of the Bank of England, which has just
been read.

That the minimum rate of discount on bills not having
more than 95 dap■ to run be 8 per cent.
That advances be made on bills of excbange, on stock,
Exchequer-bills, and other approved securities, in sums
of not less than 2,000/ , and far periods to be fixed by
the Governors at the rate of 8 per cent. per annum.

THE BANK PAILU.RES IN SCOTLAND.

(From the North, British. Daily Mail.)

The block up in money is extending wider and
wider. The suspension of the City of Glasgow
Bank aggravates immensely the embarassment and
distrust arising from the stoppage of the Western,
and shows in what lamentable results want of
confidence, when once it breaks loose, may in-
volve this community and the whole kingdom. The
same cause which has compelled the City Bank to
close its doors may force a similar course upon any
bank in Scotland or the world ; and one of the first
date' we have to perform in alluding to this matte:

is to point out clearly for the information of the
public) in what the suspension of the City of Glas-
gow Bank consists. It is not because the bank was
unable to convert its notes into gold that it closed
its doors. Every 11. note which the bank Lad in
circulation could have been exchanged at the coun-
ter for gold. The City of Glasgow Bank, indeed,
is one of the few banks in this country which could
convert its whole paper circulation into gold on
demand immediately from its chest, because it has
grown up chiefly under the Banking Act of 1845,
which requires a deposit in gold equal to every note
above the average issue of that year. It is not be-
cause the bank did not afford in the liability or
means of its proprietary an ample security to its
creditors that it was driven to shut its doors, be-
cause its shareholders are very numerous, many of
them very wealthy, and all of them are liable to the
last penny of their fortune for the obligations of the
bank. Nor is the suspension to be attributed to
bad debt; in the books of the bank, for the assurance
of the directors,—a body of highly honourable men,
—has been published that this is not the cause,
and no losses sustained by the bank have been
named that could make any impression on the large
paid-up capital (1,000,0001. sterling) and the reserve
of the bank. The City of Glasgow Bank, in short,
has suspended because there was a run upon it for
payment of its deposits in gold—a demand which is
clearly impossible to any bank that pays an inte-
rest on its deposits, and the inability to implement
which at a moment's notice does not in any degree
affect per se the perfect solvency and solidity of the
bank. It seems to us important to point ont these
circumstances, for, in addition to the miscon-
ception which they may remove in country
towns where there are branches, they will
show to the admirers of the present banking law on
the other side of the border that there is no secu-
r,ty whatever in the issue of notes upon an equiva-
lent basis of gold against the most serious catas-
trophe which can befel a commercial community.
No case would illustrate it better than the City of
Glasgow Bank, because, as we have said, its notes,
under the Act of 1845, are based almost wholly ou
sovereigns.

The present is hardly the time for blame or re-
crimination as to the causes of this additional
catastrophe. An opportunity will come when the
whole history of these banking difficulties will have
to be opened up with unsparing honesty. The
City of Glasgow Bank has been forced temporarily
to suspend in consequence of the distrust created
, by the fall of the Western, and the fall of the
' Western might have been averted by the timely co-
operation and assistance of the leading Scotch
banks. The whole community is disgusted at the
pride, selfishness, isolation, and utter want of
head displayed by the directors of our monetary
institutions, and the callousness and stupidity with
which they sacrifice the honour and interests of
this immense city day after day to a miserable egot-
ism. The present crisis will leave an indelible
lesson on the minds of the citizens of Glasgow as to
the trust to be reposed in certain banks, but the
concern of the moment is simply what is to be
done to lift affairs out of this dead lock. Two of
our banks with the largest circulation are stopped.
Every day until they resumes notes to the amount
of 800,0001. will gradually disappear from the cur-
rency of Scotland—an evil iLself of no ordinary
magnitude, and one that will be felt immediately
in the daily transactions of the country. But this
is only a segment of the mischief. A large number
of our merchants and manufacturers are shut out
from their deposit accounts and from the ordinary
facilities of discount. Large establishments
are being closed every day ; ho,ts of unemployed
workmen are already gathering in the st.xeets. It
is no longer the American trade or any branch of
fore.gn commerce that is embarrassed, but our
whole inland business is obstructed and imperilled.
The bills of Glasgow merchants on country towns
with suspended branches must be returned upon
them dishonoured, and, unable to operate on their
own funds or credits in the banks, their solvency
will be at an end. Let no man think that because
the doors of his bank are still open that he is there-
fore safe, or may probably benefit by the embar-
rassment of his neighbour. Let no bank imagine in
its ostrich stupidity that because it burrows its
head in the mud it is secure from danger. There
is not a firm or a bank in Glasgow that is safe while
the present state of things continues. The case is
one, therefore, for a public and general effort at
restoration. As regards the vacuum suddenly made
in the supply of circulating medium for our retail
transactions the evils may be greatly alleviated by
a demand upon the chartered banks for gold in ex-
change of their notes. When a few hundred thou-
sands of sovereigns have thus been liberated from
imprisonment, the want of the withdrawn 11.-notes
will have been supplied. The old banks can very
well do this much for the community, and the only
inconvenience arising from it, indeed, will fall upon
London and the Bank of England ; but, as little
compassion has been felt for us in that direction,

we need not be at all tender-hearted as to their ac-
commodation. The second measure on which we
would rely for a complete recovery of our position
is a general movement of the citizens for the resus-
citation of the suspended banks. There can be no
doubt of the perfect solvency and trustworthiness
of the directors and shareholders of the Western,
and of the possibility of placing its business on a
sound and profitable basis. Let our merchants and
bank depositors, therefore, put their shoulders to
the wheel, and resolve in public meeting, or by a
subscription paper, that the doors of the two banks
must either be opened in 24 hours with the aid of the
other banks, or they will do the work themselves by
transferring as much of their dcpw:its from the open
to the closed banks as will be sufficient for the
purpose. This is the bes'3 advice we can give under
the circumstances. We shall be happy if something
better can be proposed, but we are certain that if
a remedy be not found, and that immediately,
woeful results will fall upon this city and the whole
country side.

_ -
NAVAL AND MILITARY INTELLIGENCE,

Reinforcements for the 2d Queen's Bays, to the
number of 40 non-commissioned officers and men,
iu charge of Cornet C. G. A. Barnes, together with
detachments of the Ist King's Dragoon Guards and
7th Hussars, have arrived at Chatham garrison in
order to proceed. to India with the reinforcements
selected from the Ist and 2d battalions, about to
embark at Gravesend on board the George Marshall
for Calcutta.
Ou, Wednesday the head-quarters division of the
18th Royal Irish, comprising 700 officers, non com-
missioned officers, and rank and file, arrived in
Cork by special train from the camp at the Cur-
ragh of Kildare, and were conveyed by river steamer
to Queenstown, for embarkation on board the screw
steamship Princess Charlotte, which has been char-
tered to take them to Bombay.
The Growler, steam gunboat, is to be attached to
the reserve at Chatham.

The Abeona, screw steam transport, arrived w
Portsmouth yesterday, and embarked the 68th Re

- The Juno, 26, Captain Freemantle,! arrived yes-
terday, from Australia.
The following appointments were made yesterday
at the Admiralty :
Lieut. P. W. Stephens to the Lyra ; Lieut. R.
G. Tuffnell to command the Caradoc ; Lieut. C.
W. Martin to the Alert ; Lieut. N. D. Lilli❑gston
to the Ardent ; R. W. Warwick, paymaster to the
Alert ; 0. N. Spong, paymaster to the Lyra ; W.
Price, paymaster to the Ardent ; G. H. Walker,
assistant-paymaster in chargtlto tfe Lyra; A. Boys,
assistant-paymaster in charge, to the sharpshooter;
A. Thompson, assistant-paymaster, to the Viper ;
C. Royle, clerk, to the Blenheim ; W. S. Whit-
taker, clerk, to the Illustrious ; A. G. Young,
clerk, to the Royal William ; B. Mitford, clerk, to
the Alert ` G. W. Johnson, clerk, to the Lyra ;
and C. F. Dawson to the Ardent.

LOSS OF TEE DUNBAR.

(Prom the Australian and New Zealand Gazette)

It is with deep regret that we have to record the
total loss of the magnificent clipper ship Dunbar,
Capt. J. Green, which left Gravesend on May 24th
and Plymouth on the 30th for Sydney. Only one
seaman out of a total of 140 persons on board is re-
ported as having escaped. The Dunbar was one of
the flue fleet of Mr. D. Dunbar, of Limehouse, en-
gaged in the Australian trade, carrying first-class
passengers and a very limited number of second-
class.

The following is a list of the passengers, among
whom were many old colonists returning home
Chief cabin—Mr. and Mrs. A. Meyer and 6 chil-
dren, Miss J. Wake, Mr. and Mrs. K. Waller and
6 children, Miss S. Fothergill, Miss E. King, Mr.
C. Troughton, Mr. and Mrs. Mylne, Misses A. aud
E. Mylne, Mr. and Mrs. Cuhna►c, Mrs. Egad, son,
and daughter, Mr. Simmons, Mr. M'Quoid, Mr.
and Mrs. Peek, Mr. Downey, Misses Hunt (2), Mr.
Levein, Miss .L.)gan and two Masters Logan, and
Mr. Cuthbert.

Intermediate—Mrs. Debell, Mrs. J. Berry,Miss
Graham, Messrs. W. Byron, J. 101 l Wiesmer, E.
Hill, W. Beach, Mr. and Mrs. Clark and two chil-
dren, Mr. and Mrs. Saint, Mrs. Brown and child,
Mrs. Annan and three children, Mr. and Mrs.
Healing and three children, and Mr. and Mrs.
Strang,. _ _ _

We fuel certain that Mesgrs. Devitt and Moore,
the brokers to this line vessel, will give every in-
formation that lies in thoir power to the relatives or
friends of any of her unfortunate passengers.

SPORTING INTELLIGENCE.

LIVERPOOL AUTUMN MEETING.
FRIDAY.

Hindicap of 3 soya each, 1 tt (Lo go to the fund), with
an elegant Silver Tankard aided.
Lady Elzabeth
Sir Humphrey
Ferndale

Eight ran. Won by a length.
Welter Handicap.

Chester
Eiaglemere
Miss Harkaway

Five ram.
Selling Race of 3 goys each, with 20 added, for all ages
KT] ,ick burn
Figdale .
Miss Allen

A letter from Vienna states that Count d'Appeny.
Austrian Ambasi.ador in England, has received direc-
tions from his Government to contribute, in the name
of his Government, 2 000 ducats (about Ilfr. 50c. each)
to the fund for the relief of the victims of the insurrec-
tion in India.

[ADVERTISEMENT.]—The difficulties and dangers of bringing
up Infants by hand or wet nurses have been entirely over-
come by Du Barry's delicious Revalenta Arabica Food, which
feeds, strengthens, and removes all those little pains and irre-
gularities infants arc so subject to. The following letters
speak volumes :—" Grammar School, Stevenage, 16th The.,
ISSO. Gentlemen,—l think it but common justice to you to
state that I have used Du Barry's Revalenta Arabica for the
last four months, during which time our infant has never had
disordered bowels, from which it had suffered much during
the previous six months, whilst being nursed, though every
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Food sooner it would have saved my infant much pain, and
me also the heavy expense of a wet nurse.—l am, &c., ROBERT
AMBLER." Cure 2,704.—"1 consider you a blessing to society
at largo. It is not to be told all the benefit Du Barry's
Revalenta Arabica Food has been to me, and
my little boy cries for a saucer of it every morning.—
WALTER KEATING, 2, Manning-place, Five Oaks, Jersey."
" 75, Queen's-road, Bayswater, London, Nov. 22, 1852.
Mr. Dampier will thank Messrs. Du Barry and Co. to send
him another canister of their Rovaleuta Arabica, it
agreed so well with his infant." (This infant was 10 days
old when it commenced living on the Revalenta, Arabica.)—
Supported by testimonials from the celebrated Professors of
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Dr. Campbell ; Dr. Gattiker ; Dr. Wurzer ; Dr. Ingram ;
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fearful dangers of spurious imitations : —The Vice-Chancel-
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10th March, 1854, against Alfred Hooper Nevill, for imitating
" Du Barry's Revalenta Arabica Food."
ADvs.vrisismitsr. j— SIGHT AND REARING -- SPECTACLES—
POWERFUL TELESCOPES OPERA, RACE, AND PERSPECTIVE
GLASSES. —S. and B. Solomons, opticians, 39, A;bemarle-
street, Piccadilly. Observe—opposite the York Hotel, W.
By her Majesty's Royal Letters Patent for valuable and ex-
traordinary improvements in the most powerful and brilliant
Telescopes, Camp, Race-course, Opera, and Perspective
Glasses, to know the distances. These Telescopes possess
such extraordinary power that some, three and a-half inches,
with an extra eye-piece will show distinctly Jupiter's moons,
Saturn's ring, and the double stars ; with the same telescope
can be seen a person's countenance three-and-a-half miles
distant and au object from 16 to 20 miles. For the waist-
coat-pocket, and are of larger, and all sizes, with increasing
powers accordingly. The Royal Exhibition, 1851. —A valu-
able, newly-invented, very small, powerful, Waistcoat-pocket
Glass, the size of a walnut, by which a person can be seen and
known one and a-half mile distant. They answer every pur•
pose on the Race-course and at the Opera-houses. Country
scenery and ships are clearly seen at 12 to 14 miles, They
arc invaluable for shooting, deer-stalking, yachting, to
sportsmen, gentlemen, gamekeepers, and tourists. Opera;
Camp, Perspective, and Race course Glasses, with weouedeareibrvfleettddl
powers. Invaluable preserving Spectacle Lenses of the
greatest transparent power. The greatadvantaagie.
derived
from this invention is, that vision impaired becomes pre.
served and strengthened and very aged persons
to employ their sight at the most minute occupation—can
with those lenses of a much less m
they do not require the frequent changes to
toP
magnifying —and
dan.
ger 1 uous effects of further powerful assistance. Persons
can be suited at the most remote
ing one of the glasses out 'at their spectacles
of the world by send-
ectaeles in a letter, and
stating the dist ince from the eye up
they can read small print
with it, and those who have not made use of spectacles by
stating their age. Deafness.—New Discovery.—The Organic
Vibrator, an extraordinarily powerful, small, newly-invented
instrument for deafness, entirely different from
all of Hers.
surpassing anything of the kind that has been, or
Prot ablt.
. power—and
r see
can, be produced. Being of the same colour as the sk in, is
not perceptible. It enables deaf persons to hear distinct ly at
churchand at public assemblies; the unpleasant sensation of
singing noises in the ears is entirely removed, and it aff)rds
all the assistance that possibly could be desired.-39, Al)se•
MA ,1,11- vv.