The Sun.
London, England, 1857-12-02 00:00:00

MONEY IS POWER.

[FROM A GORRESPONDENT.I
Believing that you devote your paper to Ghat which is
just and right, I again seek, through your organ, to
make a few remarks, finding that the currency is a sub-
ject that interests you. In The Sun of the 24th ultimo,
you advocate the " issue of small notes of 1/. as a legal
tender, receivable in payment of every tax and duty." I
consider the time has now arrived when the nations
through the Government, must urge the adoption of
something of the kind ; but we must congratulate our-
selves that this issue is withheld until some plan can be
suggested that shall be unconnected with the Bank of
England as controller of this issue. To have thrown
twenty millions of issue, in addition to the present, into
that power which has already become too unwieldy,
would have been productive of greater monetary oppres-
sion than we now witness after a few years had elapsed.

No more issue must be allowed to the Bank of Eng-
land than they already possess ;—their excessive capital
and command of the circulating medium renders them
defiant and ungovernable. Our Iron Duke that van-
quished the greatest conqueror of the day was not only
mastered by this strategical board of money plotter; but
was compelled to beat an ignoble retreat from the
pinnacle of power which he held as the first minister of
his day.
A convertibility of an issue is necessary, but not
always the convertibility of gold is essential, the bul-
lionists ever associate convertibility with gold, and they
would have us ignore the great fact that some value was
given for that gold ; there was something antecedent to
the adoption of gold as a standard, which obtained or
purchased gold; let us never forget that without that
something prior to the gold standard itself, gold would
have no value. The equivalent is first given before the
gold is produced. What is that equivalent Why,
TOIL t that vulgar word, toil—labour—work. So falsely
refined have the cunning traffickers in gold become,
that they despise the base degrees by which they did
ascend, and assert that gold is more important than the
means which produced it ; and so it is, but only to the
perverted polluter of its original purpose. Gold was the
standard of value of what? Of all industrial produce,
instead of what it now is, the standard of value of all
able tricksters, deep-headed plotters, idle, unproductive
feeders upon the worthy confiding sons of toil.
Now, since that which preceded gold (taking gold as
a standard of value because of its less variability of
supply) was toil, where can there be danger in having
another representation of the same, which has been fairly
measured and exacted, in the shape of Government taxes
and duties The absolute antecedent itself, with the
whole nation as a guarantee for its convertibility into,
not gold, but into the taxes which everyone has to pay,
Government receiving it as legal tender instead of gold
or bank paper.
No bettor name can be given for this issue than that of

Exchequer Notes.
Exchequer bills would no longer be necessary, because
Government issuing one-fourth of the collections of taxes
which amount in round figures to, say 80 millions, would
no longer be under an obligation to the Bank of Eng-
land in getting advances upon Exchequer bills ; the Go-
vernment could then throw off the menacing position
which every government is placed in which receives ad-
vances from a bank. Holding 20 millions of the currency
back for the 20 millions of issue, the ruling power would
be free to check Che unfair promoters of speculation that
are now defiant.
The opponents of this system will endeavour to
associate exchequer notes with the French assignats,
but they will be found on investigation to bear no
analogy whatever. Assignants depreciated. because of
the constant dynastic changes that were taking place in
France : revolutions that were so frequently taking
place, and altogether, because of the instability of the
French governments. But England is in no fear of a
change of dynasty ; she has no revolutions, and is the
most stable government in the whole world. Tee bank
might try in vain to bring the exchequer notes to a dis-
count, but " no gold convertibility" would frustrate their
every attempt ; the absolute labour and tax convertibility
would show a bold front against its bullionist
opponents.
The sordid practices of the great bankers of England,
which are now identical with the Bank of England,
have rendered such a step indispensable. Their one
mode of checking the speculation they themselves
induced, by means of high rates of discount, is a glaring
irjustice ; as well might our judges of the land, because
one man has committed a capital offence, condemn the
whole nation to be hung, as that the Bank of England
should punish by high discounts every honest man for
the over-speculation of some. Another mode of check-
hag the accommodation paper can be adopted ; pass a
law that every man requiring accommodation shall make
a declaration Of all his property, a registration of which
would be the guide to every man what his paper is
worth ; make a Wit) declaration penal, and limit the
extent of the advances and the rate of interest upon the
declared property by law.
Some plan of this or some other invention could be
adopted, were it; profitable to the Bank ; but no such
plan will they adopt, because it would not work up such
profit as the present corrupt system of making all pay—
hanging all fur one, is the lucrative plan of Thread-
needle-street. At the same time they exercise a sem-
blance of prudence and put on the screw, simultaneously
do they find the money-making process doubled to
themselves, but halved to the merchants, if not quar-
tered ; this process has only to be continued long enough
and the banker must become all-powerful, because rich ;
the merchant must become all-powerless, because poor.
It certainly must be seen that we want the usury laws
again to stop this career of defective practices ; the.
absence of the usury laws has had the very opposite
effect to what it was assigned. Its absence has unde-
niably promoted speculation, because it has given the
bankers a double motive for inducing speculation, first,
because the greater the speculation, the higher the rate
of interest becomes; secondly, the rate of interest,
though high, when a panic ensues can be made still
higher ; prudentially bearing with it the act of
oaution concurrent with the act of profit. Limit the
rate of interest to 5 per cent., and you do away
with the first, i.e., the greater the speculation then, no
higher rates of interest would be allowed ; secondly,
because the rate of interest could not then be made high
by a panic. Lessen the inducement for the frequent
use of the screw which has characterised the Bank of
England since they succeeded in removing the usury
laws.
It will be said by my opponents that other nations
contributed to bring about the present panic, and it was
inevitable and imperative on the part of the Bank of
England to raise discounts. America, France, and the
Indian war combined, rendered it unavoidable. I
admit the fact, but of the mode of dealing with the fact
I disapprove. Had the same combined circumstances
taken place, and were the maximum rate limited to 5 per
cent., the loss to the commercial world would have
been far less, and the profits to the banks far less ;
but beyond all, Jonathan would never have had
rope enough to hang himself up in the way he has, had
it been 5 per cent. maximum ever since 1847, nor
would the banks of France found it practicable
to have combined with the Bank of England to act
in concert in rates of interest ; a combination that
presents a new feature of danger. Nor could India
have made an offer of 6 per cent., to induce so large a
loan, had the law been 56per cent. ; hence the excessive
drain of bullion can in part be traced to its primary
cause, i. e., high rates. Another cause, of course, can
be assigned, that commerce having increased to such an
extent, our exports showing from 110 to 120 millions,
instead of GO millions a little time ago, must require a
greater circulating medium, bearing some pro
portion to its iucrease, which we have not had,
which has driven, miens volens, the houses of com-
merce to have recourse to some kind of fictitious ex-
tension pro tens., all of which has benefited one class of
otrfadueursl,linthiteedbaniknetersre,satst the nders
because
law. I deny in toto the
enabling
nb ing expenses l
l of alto n
ey else,.
le
profit by the defects in the
oj ufs ticebee
checking
making
uniiagthi 0 11.3 a, t
just
interestd
eayp rtohp:
it,nhot r1(2,1,
hanging all the country for the murder of nsome.
I also consider it unjust to destroy the invariability of
any standard of value. Gold was chosen because of its
less variab,lity of value. Wool, w heat, cotton, and silk
fluctuate in supply; and in one year are worth double the
price of another year ; not so with geld. All the sup.
plies of Peru, Cfa,lifornia, and Australia have not even

supplied the demand, much less caused a fluctuation o
supply so as to depreciate its value. Hence, it wag,
and is, the best commodity for a standard of value ; be•
cause it represents the value of labour in obtaining it
more steadily than anything else ; it measures toil
more evenly, because toil is more even in its application
to obtain it. But what was the Government about when
they did their worst by countenancing a tendency in the
very measure of value itself? By removing the usury laws
they make gold sometimes worth 5 per cent. sometimes
20 per cent., giving it a fluctuation in value immediately)
and thereby depriving it of its invariability. The advan-
tage of weights and measures of 16 ounces to the lb. or 4
pecks to the bushel is, that no one can dispute the statute,
or compact, because it is fixed. The advantage of gold
as a measure of value was equally, that no one can die'
pute its compact because of its -fixity of value, but de-
stroying that fixity was tantamount to giving 13 ounces
for a lb, or three pecks to the bushel, according to the
caprice of the great holders of the produce.
It will be said that every thing fluctuates in value, why
should not gold ? I answer that simply because gold is
made a measure of value, and any alteration in the
measure itself interferes with the compact, and causes
great risk in purchase ; for instance, a merchant buys *
hundred or a thousand casks of tallow, say at 60/. per
ton, to be delivered in London at a given time : when the
tallow arrives, say in six months afterwards, the money
by which the purchase was made has undergone a great
change, and instead of being worth 3 per cent., is worth
15 per cent., this having interfered with the value of the
price of tallow beyond that of demand and supply, some-
thing extraneous has stepped in to disarrange his calcu-
lations, and instead of gaining by his purchase, he might
be ruined, and altogether 'incapacitate himself, notwith.
standing, through a change that has taken place in the
measure of value. This I call an extraneous interference
in commercial compacts, which no man ought to be sub*
ject to, and is dangerous to the whole world, and is one
of the causes of the constant failures that are taking place
to the disgrace of our country.
It is not enough to say that gold is worth always
3/.17004 in England, or 25 francs and so many cent*.
in France, with slight variations. We know well the
rate of interest regulates the profit or loss, and that
should be made as slightly variable as possible—never
ought it to exceed 5 per cent.
Lord Palmerston, by urging the minimum rate of 10
per cent, was de facto and absolutely doubling the value
of all available property throughout England, without
doubling the amount of the value of labour,
but, on tho contrary, stopping the employ of labour,
the effect of which must soon show itself in factory
riots all over the country.
Makiogmoney that was commonly worth 5 per cent. to
become worth 10 per cent., is doubling all available pro.
party in value.

EIIE LATE SINGULAR DISCLOSURES AT
ST. PAACRAS frORKHO SSE.

Yesterday, at the weekly meeting of the directors of
the poor of St. Pancras, held at the Yestry-halle
Cambden-town, Ur. Churchwarden Wyatt in the chair,
the report of the committee appointed to investigate to
the alleged misappropriation of stores, sc.,"me
brought up for consideration, a director of the poor, to
resign his office.
Mr. WEDGWOOD, in moving the adoption of the
report, stated the circumstances under which the inquiry
orfginated, and it was admitted by the storekeeper that
Mr. Clarke had three pounds of oatmeal out of the
stores. There was only a slight difference between gr•
Clarke and the storekeeper upon the point, with ithe
.
exception that Mr. Clarke said he gave the storekeeper
fid. to buy the oatmeal before the discovery,
while the
storekeeper said it was after the discovery. With regard to
the broom, the storekeeper stated that he refused to eesab
Mr. Clarke a broom out of the stores, but that he foe'
a tradesman, who sold them, with one to Mr. Clarke ti
house, but Mr Clarke could not say whether he bou
paid for it or not. With reference to the easy chair, there
was a difficulty of ascertaining if it had been sup i•
with the desk and stools purchased by him for the p arisu•
Mr. Churchwarden ATTENBOROUGH seconded the
motion, and said that a strong point was this, that Blr:
Clarke wished Mr. Ryan to purchase the oatmeal an
get the bill dated some months back ; but either Art;
Ryan or the party of whom the oatmeal was I:lurch:oe°
refused to do it.
Mr. CLARKE said every right-minded mangeuld t
once acquit him of these trumpery charges. ooosld.'
dered that he had been most shamefully treated n 13.,
maligned in his absence, after having borne an-unsedliec!
reputation in London for 40 years. He could not bus
feet that the committee had prejudged the case, and if hf
were to obey their call upon him to resign his seat et.
that board, he would be at once acknowledging himself
guilty of the charges imputed to him. He would go
once to the question of the easy chair, which he ha.tt,
bought and paid for ; and this much be would do—it
the board would appoint any three gentlemen to wait on
Mr. Priest, and did not find what he said to be correct,
then he would at once resign. He had come there for
justice, and he hoped and believed he should have it
from that board.
Mr. Fisher and Mr. Stockton said they considered it,
only an act of justice to Mr. Clarke that what he asked
for should be granted, labouring under the serious and
painful charges he did ; and Mr. Wedgwood accorded in
the view, as the committee could not see Priest's cash
book when they went there.
Mr. CLARKE moved, and Mr. FISHER seconded, in
amendment to the adoption of the report--" That
Stockton, Mr. Perkins, and Mr. Summers, with De!
Wedgwood, be a deputation to Mr. Priest, to Wert's"
as to the purchase of the easy chair."
The CHAIRMAN reminded the board that Mr. CIO"
had jumped over the case of the oatmeal and the broo!ig
altogether, and he urged that the best thing be could e°
for the peace of the board and the parish was to resign.r
Mr. Turner, Mr. Young, Mr.. Cameron, and 0,11
members took a similar view of the question ; one, Is
the amendment being put, there were 7 for and
against
The original motion was ultimately carried bi
majority of 14 to 6.
The board, after routine business, separated.

THE POOR LAW BOARD AND THE AN VII

CRISIS AT PRESTON.
Yesterday (Tuesday), at the meeting of the Board of
Guardians of the Preston Union, Mr. Satterthwaite 03.!
I n
Es chairman)reocmtotrh feoPrrr
ee tst hui der i:dsgi
is;tt raMi
pc fp: e
aWart
etadennwtdheaadr ga's A with,
competed f
last week, there was an increase of 1,849 recipients 0.
out-door relief, and 1121. 12s. 10d. in the cost. The total
number of out-door paupers is now 8,039- a°„
sequent C. SATTERTHWAITE pointed out the hardship - „
sequent upon the Poor Law Board's refusal to relaX 1":
the Poor Dar
prohibitory order in reference to ont-door relief (withal;
work) to able-bodied males. Many parties in (retell;
of 6s. or 7e. per week from the mills working 011°
time had applied for relief, being burdened with litqw,
families. Now the guardians could not give them Pere
because they were working.
The INSPECTOR—You may report the cases to the
PoMr.or-law Board.,
C. SA.TTERTHWAITE —There aro scores of 91)Plcif'
cants working three days a week earning about 85.• an
having four or five children, and we cannot relieve then.
Mr. CROOK—You cannot do it for a fortnight.
Mr. C. SATTERTHWAITE —We cannot do,it for any
time, without the sanction of the Poor-law Board.
Mr. MAYNARD mentioned a case similar to the 411
ab ,nee recited by Mr. C. Satterthwaite.
The INSPECTOR—These are very rare cases.
Mr. C. SATTERTHWAITE—T W 0 or three hundred th
week, if you call that rare.
The INsraoron—Tha.t order is for the protection of
the ratepayers ; it is to teach the people to lay by
for
la rainy day." When you meet with cases such ae
these, if you report them to the Poor-law Board, thel
will allow the relief.
Mr. C. SATTERTHWAITE—We shall. have to engsgell
man solely to write to the Poor-law Board under tbo
present
m quickly
Ther.Mr.
C.wa
As INSPECTOR—OhsttmhAeTs
relieving-officerEz Rycircumstances.TaTw
noilAiisr youap
e entersmu laiyarrttehipme repo in rt the
.th i can
bososor
is
E—They (the Poor-law Board)

should relax the orer.
The INSPECTOR—dThese people should be taught t°
provide against emergencies like the present.
Mr. ABBAIIAM—Look at the increase of paupers. We
should require to correspond in something like tlf
thousand cases.
Mr. Dixorr—l have spent 30 years in the managetnellet
of poor's affairs, but it seems that I and 47 other go;
dians cannot decide upon cases of relief without tub
interference of the Poor•law Commissioners. Stic

interference was an insult to Engshen.
Some further conversation tookli placme, and the subject
dropped.

SPORTING I N TELLIGENC.S.

BETTING AT MA R.—TussnAl•
For the Two Thousand Guineas Stakes, 7to W°lllO,
ha ve been taken about Clydesdale. Thishorse /visite,
much inquired after for the Derby, and would about
backed to money at 11 to 1. 280' Wto 20 was taken 040w
ClOO
Toxopholite, and 400 to 20 about Selpie.
prices :

TWO THOUSAND GUINEAS.
6to 1 agst Clydesdale (t 7 to 1 f.)
ofreed)
7to 1 agst Brother to Marchioness
Bto 1 Bar Two (offered)
DERBY.
10 to 1 agst Clydesdale (take 11 to 1L)
14 to 1 agst Toxophilite (taken)
20 to 1 agst Kelpie (taken)
22 to 1 agst Ditto (t 25 to 1)
25 to 1 agst Happy Land (offered)
25 to 1 agst Longrange (offered)
25 to 1 agst Cock-a-doodle-do (t 30)
25 to 1 agst Ancient Briton (offered)
25 to 1 apt Vandyke (t 30 to 1)

TUE CITY OF GLASGOW —GAsGONV ----elitoP
—waAs
hneuldmhereoreustom-deae BA—.------NK. L
rni dot
ini terms of the Joint-Stock Bank Companies yti,ngmorf.
Athnedsrheawreohrorldperressiodfintbiri.:Trbeas
meeting unanimously agreed that the bank be r°P7B6ir.
it being explained that the design to
but to secure the same vantage ground as the 0/116`""
banks.k w
committee
The meeting also aggreed unanimously thot::
of gentlemen unconnected with the bai3 „4,
appoluled to investigate its affairs, and report to all_tee
'
journed meeting on Tuesday next, and that a guars'i,u to
tuL ai
d of half a million be ised to enable the bar"
resume business without delay. rpaigit
DEATH OF MR. C. HINDLEY, M.P.--Vire- ....--..., fo
announce the death of Mr. C. Iliodiey, .Da•Va' for
Ashton-under-Line. Mr. Ilindley was elects ~,,
AshOn iu 1835, and contested the borough unoooo7
fully in 18$2.
.

DIXOINTEY MARKET

AND

oommEßa lAL INTELLI GEN CE, I
Shr.

CITY, Two O'CLOCK.
Letters from Liverpool report that the Cotton
Market yesterday closed with a steady ap-
pearance, and values were fully maintained.
The sales amounted to about 9,000 bales, 1,500 of
which were taken on speculation, and 500 for
export. The Railway Share Market closed firmly,
and prices were without any material alteration.
Respecting the condition of the Money Market
tte following is from the Bankers' Magazine and
Commercial Digest :

The course of financial and mercantile affairs during
.n." 18 Past month has been of the most chequered character.
with a farther advance in the rate of discount from 8
to 10 per cent., the occurrence of a crisis, and the
Pepeneion of the Bank Charter Act, it may readily
L'a supposed the position of business has not
roo satisfactory, while the number of failures which
uoe taken place have created general gloom
attd despondency. In this condition of things the issue
°,l the Government letter has produced some benefit, bet
" has not yet bad time to eff.tct a full resuscitation, the
anic having progressed too far to render its operation
immediate. The consequences of the late suspensions,
dangeroue as they have been, have not proved so
Pernicious as might have been anticipated, though the
character and importance of the houses show the effect
of continuous high rates of discount upon the com-
mercial community. A steady restoration of confidence
110 yr appears to be expected, but it will, under any
Ltcumstances, be slow and progressive, the shock given
hY
the late revulsion having created excessive apprehen-
-11°o• The speculators have not been so active during
thispanic as they were in that of 1847, although, never-
theless, unfounded rumours have from time to
lime been circulated with respect to the position of
"Ousts
whose credit still remains undoubted. The index
of the precious metals, and the advice of additional remit-
tanaea from Australia, will assist to ease the condition
n
the money market, the recovery in America being
ewise calculated to facilitate the movement. At one
Period during the crisis it was almost impossible to
legociate paper at all, and the charge, under the most
favourable circumstances, was 12 and 13 per cent.
Within the last few days greater readiness has been
Manifested to discount, and the quotation by the prin-
,aiPal brokers is now a fraction below 10 per cent. The
imports of the precious metals continue on a large scale,
And sovereigns are returning from Scotland and Ireland,
the run for gold in those localities having terminated.
Although additions are still being almost daily
blade to the list of failed firms, they are not of very
great importance, and they are in most instances
the result of suspensions abroad. The situation of
commercial affairs in Hamburg and the North of
Europe generally is most deplorable. Discounts
are almost unobtainable, and money is being sent
from London to enable some of the principal firms
to provide for engagements failing due. The re-
action upon the connections of these foreign houses in
this Country must be most embarrassing, and much
eYropaffoy is felt for such firms as Messrs. Hermann
eox, of London and Liverpool, who stopped yes-
terday because the humiliating alternative is pro-
doeed by events over which they have had no con-
trol. Animmense mass of protested bills has been re-
ceived from various parts of the Continent, and every
mail brings most distressing accounts to our mer-
Chants engaged in trading operations with the north
of Europe. It may yet happen that numerous
ether failures will take place before the end of the
Year, and it is perhaps as well that the public should
..13e prepared for them, because such casualties, al-
though they must occasion deep regret, need not
necessarily retard the gradual subsidence of the
crisis. If unfavourable symptoms are still mani-
fested in particular departments, others of an en-
couraging character are apparent elsewhere. For
instance, the influx of gold into the Bank continues,
the effect of which will soon be perceived. A
;lipid improvement in the position of the Bank
of Eagland, such as that now going on, will
enable the Directors to give increased facilities to
trade by additional discount accommodation, and
Perhaps at lower rates. We learn by accounts from
?aria that the reduction of 1 per cent. in the terms
there has been productive of much good. It has
inspired confidence, and already business has slightly
improved, although December is not generally
characterised by much activity. The same benefi-
cial results, it may be presumed, would follow a
Similar movement here, although it would not pre-
-1431A failures, nor cause a sudden resuscitation of
trade. Temporarily, the demand for money is
brisker, and the applications both in Lombard-
street and at the Bank are very numerous, but
this increased pressure is attributable to the pre-
Parations in progress for the payments on the 4th
Of the month, which, in the aggregate, will repre-
sent a very large amount. When these engage-
bunts are met, there is some prospect of the money
barket being more sensibly relieved than at any
time since the commencement of the crisis.

50
25
00
25

St.
50
St.
St,

20
20
10
St.

There has been a good deal of fluctuation in
the English Stock Market to-day, although the
changes have not been very important. The
market is evidently rather unsettled, but this
must be expected as the account day is
approached, when the operations during the past
month have been on such a large scale. Consols
for transfer and the 7th proximo have been 90i 91,
and since then 91k. They are now about 91i
and for the January account 92. The New 3 per
Cents, and the Reduced Annuities have been 89i
and 90k. Bank Stock is well supported at 218.
.Exeheqtter Bills are 4s. discount to par, the
Bonds 98t, and India Bonds 335. discount.
A. moderate amount of business has been done in 1001
Foreign Securities, but prices are rather unsteady. lee
Turkish 6 per Cents. are 91i 92 ; ditto 4 per Cents. tro
Brazilian 5 per Cents. 99k , ditto 4i per
Cents. 94i, Chilian 6 per Cents. 1011 to 10*, 20
Danish 3 per Cents. 83i 84, Russian 5 per Cents. 20
105 k to 1061, Spanish New Deferred 25k, and
Dutch 4 per Cents. 96k.
The following are the nominal prices of Foreign
Stocks --Grenada Deferred Bonds, 5 to 6 ; Mexi-
can, :18i 19k ; Peruvian 44 per Cents., '76 77 ;
Ditto 3 per Cents 51 53 ; Portuguese 3 per
Cents., 43 ; Russian 5 per Cents., 104 106 ; ditto
4;_t per Cents., 95 to 97 ; Spanish 3 per Cents, 402
"44,; ditto New Deferred, 25 26i.
„' rather limited business has been reported in
the Railway Share Market, and a further slight 20
downward movement has taken place. Eastern 20
Counties, Great Western, Lancashire and York- 20
Shire, North Western, South Western, North I 9)
British, and South Eastern declined 10s. ; and 10
Brighton, Id., most of the other lines were at lower E
quotations. The Foreign and Colonial under- 20
takings are flat. Paris and Lyons have receded 5
ss. ; and Lombardo-Venetian ss. ; East Indian 20
declined 10s; Grand Trunk of Canada, 1/. ; and 33'
Great Western of Canada, 6s. Geelong and Mel- g
bourne improved ss. 20
Mining Shares are quiet. United Mexican are 160
3i ; Wheal Mary Ann, 49 ; and Wheal Edwards 20
6i 7i.
2020
Joint Stock Bank Shares are firm. Bank of Aus-
tralasia improved U. ; London Chartered of Aus- 10
tralia, 105. ; and Oriental Bank, ss. 20
The Miscellaneous Shares are quiet. Canada 20
Land advanced 1/., and Royal Mail Steam 10s. 10
I 20

BRITISH FUNDS.—CLOSING PRICES—THIS DAY.
(Prom eke Officsai List:) _

Business dome,
Bank Stook 2lB 16

8 per Cent. Reduced Annuities _
E l 19090h4-,1,0i
3 per Cent. Console Annuities
New 3 per Cent. Annuities
Loup Annuities, expire sth Jan. 1860 —
Ditto 30 Years, expire sth April, 1885 l7i
India Stock. 2lB
la tin /thuds. 41000
Ditto; under £lOOO 2,3
Onsols for Account 9Oll 18 90 1A i
®Ex ',enuer Bills, tad,
ar 4 d
41000 ........... ..... ........................ p
Exchequer Bonds, 1858,► 36 per Cent 9Bi
Ditto, 1859
PRICES OF FOREIGN FUNDS—THIS DAY.
Braznian 5 per Cent.
Ditto 1852, 4i per Cent.
Do., 1529 and 1839, 5 per Cent ..
Bacnos Ayres Bonds, 6 per Cent. B5
0 linen Bonds, 6 per Cent l62i 11
Danish Bonds, 3 per Cent., 1825 B3l 4
Mexican 3 per Cent —
Ditto Account
• Russian Bonds, 1822, i; St., 5 per Cent._ 1061 51
Eardinian Bonds, 5 pest Cent.
SPknish Bonds, 3 per Cont.
Ditto New Deferred, 3 per Cent.
Spanish Committer. Cert. of Coup. not fun. 5/
Ttt •I:1,11 ii.- nds, f; per celtt 9l
• I, 0,: Acco-o,
mta. Guar intbod. t per Cent.
Ditto Account (Dec. 16)
Dividends on the above payable in London.
Dutch Exchange, 21 per Cen,`,., 12 Guilders
Do. 4 per Cent. Certificates ........
7111113AUCLOCK,
Consols, money
Ditto account (December 7)