The Sun.
London, England, 1857-10-10 00:00:00

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LONDON, THURSDAY, OCT. 10, 1857.

We have already commented on the serious
consequences resulting from an increase in the
minimum rate of discount. We have not, how-
ever, by any means seen the worst as yet ; and it
is more than probable that further restrictions
will speedily be added, so that it will be impossible
for even the most solvent and respectable houses,
to obtain the requisite pecuniary facilities for
conducting their business. The return from the
Bank of England for the week ending the 3d inst.
is of a very unfavourable character. The reduc-
tion in the stock of bullion during the week
amounted to no less 'an 613,3961. while
the decrease in the reserve is far more
than double that 4 mount, being no less
than 1,408,1201., while the " other securi-
ties " have increased by the enormous sum of
2,116,1431., and there is an increase in the notes
in the hands of the public of 805,1551.
It may be said the large amount of other secu-
rities proves the liberality of the directors, and
the great assistance which they have rendered to
the trade and commerce of the country. But it
is not so. No less than 1,000,0001. sterling has
been advanced to the E%st India Company, and
it is this heavy loan that has increased the rate' of
discount and occasioned so much confusion and
dismay in monetary circles ; and as the Company
still possesses a borrowing power to the further
extent of 1,500,0001., it is more than probable
that the operation will be repeated ere many
weeks have elapsed.
On Monday we expresses our belief, noth with-
standing the vaponring assertions made on behalf
of the East India Company by Mr. VERNON
SMITE, just efore the prorogation, to the effect
that they had ample funds to carry on the war
until next February without contracting a loan,
that the Directors had taken too sanguine a view
of their resources, and that they mul borrow,

and that to no inconsiderable amount. The accu-
!, me,' of our opinion bas already been fully verified.
They have been obliged to borrow from the Bank
of England t Lard CANNING has been trying to
raise money in Calcutta, and Sir JOHN LAWRENCE
, ix; done so in the Punjaub. What then can we think
oft,the statements that have been so strongly put
forward but a few short weeks since? They must
have been either wilfully false, or' the Company i
must be singularly bad fiftanciers, incapable uf form-
ing a just estimate of the true state of their affairs.
The Directors of the British Bank are to be placed
on trial for a similar erroneous account of their
affairs, which has been rendered a misdemeanour
by the act of last session. It is true that the
Leadenhall-street magnates have not sought to
t'btaio. money from their dupes, but they have
deceived the Parliament and People of Great
Brttain, and proved that they are not to be
trusted with the administration of the affairs of a
mighty kingdom.
The charges which they are now creating
must, as we stated' on Monday, sooner or later
fall on the Exchequer of the 'United Kingdom, 1
when the anomalous double Government is abo-
Wired, and Hindostan becomes an integral portion

of her MAJESTY'S dominions, under the direct
rule of Queen VICTORIA and her responsible
Ministers. Why, then, should Parliament not be
consulted on a matter of such vast importance to
every taxpayer throughout the length and breadth
of the land ? Why should not a loan be con-
tracted, with a national guarantee for its redemp-
tion ? By these the requisite funds could be
obtained, at 31, or at most 3i per cent., which
otherwise will cost fully 6 per cent., an important
difference when " the little bill " is presented for
payment. It will thus be obtained in a legitimate
and straightforward manner, and there will be
no addition to the monetary derangement, which
must be the case if the Bank is again resorted to.

Mr. SMITH carefully abstained from presenting
an Indian Budget during the past Session. Had
it been otherwise we might have obtained startling
information, that would have frighted the Isle
from its propriety. We know that for several
years previously there had been a deficit, which,
in 1853-4—the very year when we gave the Di-
rectors a new lease of power—amounted to more
than two millions sterling, and in 1854-5 to more
than one million seven hundred thousand
pounds, and in 1855-6 to nearly a million.
What, then, must have been the falling off
since the commencement of the outbreak, when
the treasuries were plundered of their contents,
and the collection of revenue through a vast tract
of country seriously impaired, if not altogether
suspended, and a vast increaase of military expen-
diture coincident with the deficiency in the
revenue ? We know what the operations in the
Crimea cost the nation. We know that Indian
pay and allowances far exceed what was paid to
our soldiers during the Russian war. We may
then form a rough estimate of what may be re-
quired for crushing the rebellion and restoring
the British authority in India.

Would it not be well for the Directors of
the Company to meet the emergency boldly
and fairly ? To state their case unreservedly
to Parliament and demand the necessary aid.
They may be assured that loans of one or two
millions from the Bank of England will not suf-
fice, although they may be productive of very
disastrous consequences to the industrious classes
in this country. An autumnal session is rend-
dered imperative by the suppressio yen of the
East India Company, if there were no other cause
—and there are many—to render it both politic
and expedient.

Murders have recently been committed to a
frightful extent in this country, generally arising
from the dastardly use of the knife—an un-Eng-
lish weapon, used in an un-English manner.
Scarcely a days occurs that we are not horrified
by some sanguinary ontrage, ending in the death
of the victim. Many, too, under circumstances
of peculiar and cold-blooded atrocity, showing an
amount of heartless deliberation on the part of
the assassin, It is scarcely necessary to refer to
the murder of the unfortunate woman, CHARLOTTE
PUGSLEY, in the Leigh Woods, near Bristol. The
person charged with the offence was her affianced
husband, who had brought her from her master's
house under the pretext of marrying her. Of
course we do not mean to say anything as to his
guilt or innocence. It must be fully investigated
before a competent tribunal, and we shall be truly
rejoiced if he can exonerate himself from the foul
accusation.

Again, there was the homicide at Birkenhead,
the fratricide in Liverpool, where one brother
took the life of another in a quarrel which took
place when the victim was defending his aged
mother from the violence of her unnatural son.
Then came the alleged parricide at Bramal!,
committed under the most awful circumstances.
This was speedily followed by the Balls Pond
murder, in which the husband of the victim
is accused, and yesterday a discovery was made of
a murder as yet involved in mystery, but attended
with the most revolting and horrible circum-
stances.

In most of these deeds of violence the knife was
the weapon used. CHARLOTTE PUGSLEY had her
throat cut and was also shot. The Birkenhead
homicide was a case of stabbing arising out of a
common street row. At Liverpool, it was also a
case of stabbing, the fatal facility afforded
by the knife, leading one brother to imbrue his
hands in the blood of another. At Bramall it
was byeflrearma that the murdered man perished,
but Mrs. DATIS had her that cut, and the latest
and unknown victim was stabbed iu several places
both in chest and stomach before the horrible
mutilation of his inanimate body.
Nothing since the days of GREENAQRE has ex-
cited so great a sensation as that which was yes-
terday brought to light at Waterloo-bridge. The
body—manifestly that of a person having the
appearance of a gentleman, from the clothes
which he wore at the time of the murder—bad
been cut into more than 20 pieces, beside which
the head, hands, and feet were wanting. The
bones of the legs and arms had been rudely sawn
asunder, and the greater portion of the flesh re-
moved. This had been pickled, to prevent decom •
position, until a favourable opportunity cc-
curred of disposing of the mangled remains.
There were, likewise, no less than nine stabs,
seven about the region of the heart, and two in
the abdomen, any one of which would have proved
fatal. These ghastly evidences were packed up
in a carpet bag, and the murderers, or their accom-
plices, manifestly thought that theyhad succeeded
in disposing thereof in the river. Fortunately,
however, it rested on one of the abutments of the
bridge, and the fact of the awful outrage was thus
revealed.

Everything that has cone to light proves the
fiendish ferocity and cunning exercised. We
trust, however, that the latter may not suffice to
screen the blood-thirsty assassins. The Police
have already a clue which we have no doubt they
will follow up with their usual sagacity, so that
the majesty of the law may be vindicated, and
another illustration afforded of the futility of the
attempt to hide such deeds of darkness, and of
the apparently trivial causes by which the most
artfully contrived schemes for concealment ale
frustrated.

Count Baptiste Metaxa had an interview with Mr.
Secret.iry Labouchere yesterday. Sir E. Head and Mr.
Gisborne bad also interviews with the right hon. gentle-
man at the Col. nial-,,ffice.
FUND FOR THE RELIEF OF THE SUFFERERS BY THE
MUTINY IN INDLt.—WS are requested by the Lard
Mayor to give publicity to the statement that the num-
ber of letters which are daily received by him from all
parts of the kingdom, containing remittances in ail of
this fund, is se great, that two or three days must
necessarily intervene between the despatch of the remit-
tance and the receipt of the
acknowledgment of tt.•
flomm;ttee '

EARL FITZHARDINGE —We (Cheltenham, Examiner)
regret to state that we are compelled to defer tie publ -
cation of the promised report of the sermon delivered
yesterday at the Congregational Church In the course
of the morning Dr. Brown received a message from Br r-
keley, announcing the 'melancholy intelligence that Earl
Fitzhardinge was rapidly sinking, and that his death
would, in all probability, take pima in the course of a
very few hours, and the doctor was consequently unable
to devote the necessary time in revising the report of his
sermon. In the course of the morning an affecting prayer
was offered up for the sufferer, and we believe Dr. Brown
at once proceeded to Berkeley, to be in attendance should
he be sufficiently collected to render his services desiiable
PHEASANT SHOOTING.—The reports from the eovers
are, that there are plenty of pheasants. The woods hav,
assumed a russet appearance, but the foliage is yet very
thick and heavy, and it will require an expert shot to
bring down a " longtail."—Kent Herald.