The Sun.
London, England, 1857-10-31 00:00:00

THE SUN, LONDON 9 SATURDAY EVENING, OCTOBER 21, 1857.

engaged in pursuing them from place to place.
It is said that HA.VELOCK, notwithstanding inces-
sant fighting for six weeks against enormous odds,
suffered more from the want of an efficient commis-
sariat than at the hands of the enemy. And as
the reinforcements from England are landed, we
moat naturally anticipate that the mischief will

increase in a duplicate ratio.
Now these reinforcements may be daily looked
for. It is three months since the first detach-

runt sailed from Portsmouth, and the transports,
albeit transmitted via the Cape, may be regarded
as almost due. The authorities had some months'
notice of the troops from the Chinese expedition,
but nothing was done ; and the same apathy
may reasonably be anticipated with regard to
the troops direct from England. Those already
on the spot have neither sufficient food,
shelter, nor medical assistance. What will be the
fate of the new corners ? Are they to be detained
in listless inaction at Calcutta, or forwarded in
miserable driblets, to endure all the annoyance and
inconvenience, aye, and the losses of a campaign,
without even being brought face to face with the
rebels? This would, indeed, be a most untoward
result. One that would disgust the sufferers and
exasperate the nation 1--which would probably
lead to another investigation before a Select
Committee of the House of Commons, in which
the system would be condemned, but all the
offenders exonerated, or possibly some miserable
subordinate selected as a scapegoat to expiate the
sins of his more guilty superiors.
There can, however, be no possible excuse for
such criminal negligence. The Council had
full notice of the efforts made in England
to dispatch the much required aid. They well
knew that England wool I do its part, and they
should have been prepared to do theirs. But it
would seem as if these men had been wholly un-
expected, as if their arrival fell on the officials
like a thunder-clap. They have been more intent
on the strict observance of routine than on the
efficient discharge of their important duties.
Provided Lord and Lady CA.NNING have the re-
quisite body-guard, it is a matter of supreme in-
difference whether HATELOOK be sustained, or
Lucknow and Agra be relieved. The military train
was delayed nearly a month in Calcutta for want
of horses, while the horses of the disarmed guard
have remained idle 1 The great want at this
moment is of a number of light Dragoons to
scour the country, and cut off the rebels
and fugitive mutineers in detail. But these
are kept back that Lady CANNING may have a
handsome escort whenever she thinks proper t
drive through the streets of the "City of Palaces."
This culpable mismanagement must not be tole-
rated. As we have already pointed out, the im-
mediate recal of Lord CANNING is necessary to
the pacification of India, and if it be deferred the
blame will not rest merely on the heads of the
magnates of Leadenhall-street, or even of Mr.
SMITH, of Cannon-row, but of Lord PALMERSTON
and the other Cabinet Ministers, who, having the
power in their own hands, neglected to exercise
it in the manner which the exigencies of the case
imperatively required.
It may be said that funds are wanting to enter
into the necessary arrangements at Calcutta,
that there is a monetary crisis, and that the most
essential of all the sinews of war cannot be ob-
tained. But this is no excuse, for months ago
we pointed oat the necessity of providing sufficient
pecuniary means for the contest. But Mr. SMITH
assured Parliament that the Company had ample
resource& to carry on the contest until the meeting
of Parliament in February neat. The inaccuracy
(we shall not use a harsher phrase) of these asser-
tions has been already proved. The .Company
have borrowed from the Bank of England, from
the London and Westminster Bank, and from
other sources. They have, in fact, been seeking
discount in every quarter, and thus interfering
with and forestalling the legitimate demands of
the commercial and manufacturing interests—and
still they are left in the lurch. The necessary ar-
rangements for crushing the rebellion and consoli-
dating the resources of India, cannot be carried
out for want of sufficient funds in the Company's

HER MAJESTY'S THEATRE.

as us

COWES, 'SLR OF WIGHT.—Oct. 30.

Treasury.
There is another point that will require
explanation on the meeting of Parliament.
We find that the Bombay mail was detained at
Malta for some 38 hours, at a time when the na-
tional anxiety was raised to the highest pitch. It
was known that it was due, but the steam-vessels
that ought to be available were engaged in other
services or laid up in dockyard. For this the
parties responsible must be sought nearer home.
They may possibly be discovered in the ♦icinity
of Whitehall. But surely the British Navy must
be reduced to a very low point, when a vessel
could not be provided for more than a day and
a-half to forward the Indian mails from Malta to
Cagliari. Truly, Parliament will have ample
work when it assembles, in inquiring int ) all these
matters, and the sooner that assembly takes place
the better for the British nation, and more par-
ticularly for the Anglo-Indian Empire.

The returns for the week ending the 24th inst.,
show a decrease of 154,6841. in bullion, but
an increase in the reserve of notes of 268,6551.
since the previous accounts. The pressure of the
screw is evidenced by the reduction of the active
circulation by 416,9801., and the decrease in
other securities of 134,9681. This state of affairs
is by no means unfavourable to the Bask it=elf,
looking merely to its position. But it is very much
so to the community at large, who are suffering
from a deficiency of the circulating medium, a
stagnation of the very " life-blood of industry,"
that must be productive of very injurious conse-

quences.
The Directors, seeing the necessity of some
concessions, have offered some infinitesimal
measure of reform, one that is good enough
in its way, and which had been loudly
demanded at their hands, but which can
give no relief during the existing emergency.
It is, however, perhaps as much as they can do
without the assistance and co-operation of the
Government ; and trifling as it is, it may be re-
garded as a step in the right direction. Many
complaints had been preferred respecting the dila-
tory nature of the bank returns, and the manner
in which information was suffered, or supposed to
be suffered, to leak out, by means whereof certain
favoured speculators were alleged to obtain
great advantages over their competitors. It was
reasonably asked, why a week should elapse, in
these days of ra lroads and electric telegraph,
before the publication of the accounts. Two days
were asserted to be amply sufficient for every prac-
tical purpose, and the Governor, Mr. WWI:TUN,
in his evidence before the Committee of the House
of Commons, expressed himself in favour of the
reasonable
beiedemand, and against the undue advan-
lletnocebfeorwgiavrd enthtoissgorimeevaspnecca is speculators
be rsovreer
others. .
medied. The next
publicationt
aiinn t
nh G
oe t
oanz
leyttethoef
accounts up to the 30th inst., but, in addition,
those to Wednesday the 4th Nov. and every
succeeding publication (which, as heretofore, will
be made on Fridays) will give the returnsu to the
previous Wednesdays. Thig is as it aguici be.

So long as returns are required—a measure of
'1 ,ATES:r-- NEWS
more than doubtful expediency—they should be "4
made as complete as possible, and to the latest
possible moment. Altar
The accounts by the Fulton fully corroborate :ART'
the -vast improvement arising from the suspension irt of
oe sin'
of cash payments in the United States. The
.ch a s'
remedy has had a magical effect. No new failures fsitiour
have been announced, and there is every reason
the
,o
to suppose that the general business of the country Ai had
may be carried on with the worthless rags—
death
which the different banks are prepared to
le with
offer, and which the public are quite willing to "It is
receive at their nominal values. It would be well
ha hb e dear
if such were the case on this side of the Atlantic. s e
the
We hear not only of the failure of the Liverpool all
Borough Bank, with all the annoyaxce and I t
inconvenience to its depositors and loss to
shareholders, but also of the consequent stoppage
of many firms previously occupying a high posi-
tion. The difficulties of the Western Bank
of Scotland, at Glasgow, have also cre-
ated great excitement in monetary cir-
cles. The deposits amounted to no less than
6,000,0001. sterling., and there are nearly a
hundred branches and sub-branches.' Assistance
has been afforded sufficient to carry it through
its present difficulties ; and it is denied that it has
not been afforded on the condition of winding-
up with all convenient speed. This is one of
the best points of the system of banking in
Scotland. Every other bank hastens to the
rescue, for any stoppage would materially affect
themselves. But first-rate firms are breaking,
and many others must come to the ground, unless
there be a speedy relaxation of the existing re-
strictions. The sooner these relaxations take place
the better. Private traders, or manufacturers, can-
not compete with the East India Company and other
leviathan borrowers. The weakest invariably
go the wall ; but they should not permit them-
selves to be victimised No ithout a struggle. If
they go, others who have provoked the tempest
for their own unworthy purposes should share
a similar fate. Those who have sown the storm,
may possibly reap the whirlwind ; and they will
do so, if the crisis be much longer protracted,
and if adequate relief be refused to the interests
now so severely affected.

FRANCE.
PARIS, FRIDAY EVENING.
The financial report of the Minister of Finance,
announcing that the sinking fund would be found
again in 1859 with a sum of 40 millions of francs,
awl that dispositions would be taken by the go-
vernment with the Bank of France and the railway
companies to limit the issues of debentures (obliga-
tions), has had a favourable effect on the money

M. Jullien's promenade concerts commenced for
the season last night. The theatre was fitted up and
decorated precisely as it was this time twelve months,
The promenade, as usual, extended over the pit
and the stage ; the immense orchestra being placed
in the centre of the are i. A large balcony was con-
structed in front of the grand tier ; and the amber-
coloured curtains of the boxes were replaced by
crimsom draperies. the house was in a blaze of
light ; and when it was completely filled—theboxes
and balcony with gaily dressed company, and ►he
promenade with a dense multitude —the aspect
of the whole was exceedingly striking.
The programme presented a melange of Jullien's
•
quadrilles, waltzes, polkas, and other dance-music,
with pieces of a higher and more classical order.
Mdlle. Treffz, the only vocalist of the evening, give
the favourite little song, " Tra'o, trab, trab 1" which
was received with thunders of applause.
Of the instrumental music the best portions were
the fragments of the t wo symphonies of Mend,lssobn
and Beethoven, and the selection from " Don Gio-
vanni." These were admirably execute], the or-
chestra being as powerful and of as excellent quality
as ever. The dance music was lively and spirited,
teal.

EFROIf OUR OWN CORRESPONDENT.]
The season of 1857 has been one of the longest known
for many years, but it is now fast drawing to a close.
C. IL Co!vile, Esq., and family, left on Monday • Mr.
Sergeant Clarke and '
family, on Wednesday ; R. Lam-
bert Turner, Esq., on Thursday ; Sir James Graham,
Bart.. and family, on Friday. Sir John Bayley, Bart.,
has No. 6; Parade Terrace ; flurnicglaam, Esq., No.
4 • J. $. Hepburn, -Reg , No. 2. Copt. E. St. John
dildrnay has taken White Rose Cottage for the winter ;
R. Drummond, Esq., Gothic Villa ; Mrs. Chevers, Bel-
more House ; Cot Wellesley, Avening Villa,. the Hon.
Mrs. Douglad, the first cottage in the West Cliff.
The members of the Royal Yacht Squadron move
from their old club house, and take up their residence
is their new one (Cowes Castle), about the middle of
November.
The funeral of Lady James Graham took plats on
Thursday morning, and was strictly private. The mourn-
ful procession moved from the Pavilion, West Cowes,
at 10 o'clock, and proceeded through Newport to Whip-
pingharo, in the following order :—To the first carriage
were the Rev. J. B. A...kinson and Dr. Cass, her lady-
ship's medical attendant ; the hearse ; a carriage con-
taining Sir James Graham, the Hon. Mrs. Dancombe,
and the two Misses Graham • then a carriage with Mr.
F. U. Graham, Mr. M. Graham, Mr. Brinsley Sheri-
dan, and Major O'Brien ,• followed by two carri tate
containing the servants. In respect to the memory of
the deceased, the shops in the High-street were closed.
Sir James Graham and family left Cowes on Friday, at
noon, for London.

-
Cash. fr. End of Month.
ii per Cents - -,.
3 per Cents 67 10 G 6 95
Bank Shares 2935 Cradit Fonder — -
Credit Mobilier 785 Roman
Do. Account 785 -- Austrian
Belgian 1 ... ...... ... Spanish Threes 4oi
Fietlmontese (5) 9O Horne Debt ...... ... 37i
lit sarays.ya—Fos CASH. .

market.
The death of General Qavaignac, inspires the
Siecle with the following expression of grief :
" It is with the deepest sorrow that we record
the death of the illustrious General Cavaignac, who
hasbeen torn away, while in the prime of life, from
the affections of his family and from the esteem of
all France. When the Siecle, a short time ago, gave
to him the strongest proofs of its veneration and
confidence, we were far from anticipating that the
glorious representative of the population of Paris
would so soon close his existence. We shall relate on
another occasion the events which distinguished the
noble career of the President of the Executive Power,
of the brilliant general. But now we are in despairat
the immense loss sustained by our country, we have
not even the strength to relate the affecting circum-
stances of the General's death, the courage dis-
playe 1 by his noble young wife, the heart-rending
farewell she took of her husband, that great citizen,
who will be bemoaned by all who are patriceic at
he art, and who know how to honour austere virtue,
abnegation of self, and genuine dignity."
The death of General Cavaignac was caused by
aneurism of the he art. It took place while he
was out shooting on Wednesday evening, near
Tours, where he was on a visit to M. Gustave de
Beaumont. The general was in the act of raising
his gun to his shoulder, when he felt a weakness
soddenly creep over him, and he had scarcely time
to hand his gun to an attendant who stood by,
when he fell to the earth and expired. The body
was taken to the house of his host, M. de Beau-
mont. Madame Cavaignac, the wife of the general,
would not hear of the remains of her husband
being interred elsewhere than in Paris. She placed
the body in a carriage, and with the head in her lap,
and accompanied by General Cavaignac, the uncle of
the deceased, and by her infant child, she proceeded
to the railroad station at Tours, and asked that a spe-
cial train should be at once got ready. The demand
was at first refused ; but on announcing who she was,
and whose were the remains she guarded, it was
forthwith complied with. The funeral obsequies
will take place to-morrow, in the church of St.
Louis &Anti°, and the honours due to the rank
of the deceased as a general officer will be paid. to
him. It was rumoured that the Emperor would
pay him still greater honours, from his having
held the high office of Chief of the State in 1848.
General Cavaignac only a few days ago completed
his 55th year.
The following telegraphic despatches have been
received here :
" MARSEILLES, OCt. 29.—From Constantinople,
under date of the 24th, it is stated that the new
loan is intended to liquidate the debts of the civil
list, to withdraw from circulation a part of the paper
money, and to br;ng back the finances to a normal
state. In the Wallachian assembly three-fourths
of the majority belong to the ultra party, to whotn
the commissioners of the great powers have coun-
selled prudence and the obeervaece of treaties. The
divan has requested those engaged in commercial
pursuits at Constantinople not to export munitions
of war ; Russia, on the contrary, sends great quan-
tities to the Caucasus. Dehran-Bey has just left
for Brussels. In Asia the Kurds have committed
numerous outrages against the Christians ; two
Armenian priests were put to death by them."
" Tunrer, Oct. 30.—Count Siecardi, ex-Minister
of Justice, and to whose initiative are due several
important legislative refornv, died yesterday even-
ing."
"FRANKFORT, Oat. 29.—The German Journal
announces that the complaint made by the States
of Lauenb-Jurg, relative to the constitution and the
rights and situation of the duchies, was preceuted
to-day to the Germanic Diet by M. Goldschmidt,
an advocate in this city."
BOURSE, Out. 30.—The following ware the last
quotations : •

tr. s. tr e
Orleans' l3lO Westorn
Northern - Strasburg
Lyons and Med 8374— New Ditto
New Ditto... ....... 8174 Grand central -
1 Geneva 6lO gardituan . 4571 -
I Midi -

THE SIAMESE EMBASSY.
The arrival of the august personnel of this novel
embassy at Claridge's Hotel was announced yester-
day. The excitement of the railway journey, fol-
lowed by a semi-official progress through London,
appears to have had a depressing effect on the
nerves of the distinguished party, for once en-
sconced in the comfortable quarters provided for
them, they declined any further exertion on Thurs-
day ; and beyond admitting to a formal interview
the Earl of Shelburne, one of the foreign under-
secretaries, the thy was passed in close retirement.
The chief ambassador, however, before retiring to
rest took occasion to exhibithis practical good sense
by desiring to inspect the arrangements made for
the accomodation of his suite, and Mrs. Claridge
had the honour of conducting his highness through
the various departments of her husband's unrivalled
establishment. After satisfying himself that due
provision had been made for the comfort of his
staff, the prince retired to rest, having first par-
taken of a frugal repast, prepared by his own chef
de cuisine, consisting of crab fish, pounded with
various condiments.
The very incorrect statements which have here-
tofore appeared touching this embassy render it
desirable that the personnel should be correctly
described. Everybody knows that in Siam there
is a King Chief and a King Deputy. Of course
each has his representative in the present mission.
The respective provisions of the latter do not seem
to be quite understood at present, probably owing
to our Government not having been able to appoint
a gentleman thoroughly conversant with the
Siamese language to attend upon the embassy.
There are, however, seven principal personages who
associate together, and partake of their meals at one
table. The annexed list sets forth this little party,
and its accuracy rests on the fact of its being a lite-
ral transcript of the visiting cards which have been
prepared for the members of the embassy :
The Prince N. Y. Nobhawonse Krom M'Un Ma-
liesuar Siva Wilas, the eldest royal son of his Ma-
jesty the first King of Siam.
The Prince N. L. Supratith Krom M'Crn Vesnu-
naith Nibhudhorn, the second royal son of his Ma-
jesty the first King of Siam.
The Prince Chaufah Chulalonkorn, the third son
of his Majesty the first King of Siam.
The Prince Chaufah Chaturont Rasmi, the fourth
son of his Majesty the first King of Siam.
Somdetch Phar-Paramendr, Matra Mongkut,
Major rex Siamen sium.
Chau Mun Sarbedh Bhackty.
Phya Muntri Suriywangse.
It can scarcely be expected that our readers will
be able to bear these very unique names in recol-
lection, but the curious may be interested in their
preservation, and therefore we give them. The
suite numbers nearly 30 persons of various graded
—the outward symbol of which appears to be gene-
rally indicated by the headdress. Thus the
" eldest royal son of the first king" wears a conical
hat, with a brim of some seven inches wide, while
the brims of the hats worn by the servitors gradu-
ally diminish, until, in the lowest elass, you find
none at all.
Yesterday morning the princes were waited upon
by a number of West-end tradesmen, anxious to
increase the stock of valuables which report says
they bear to this country. Very few were admitted
to interviews ; indeed, if we except Messrs. Gar-
rard, the Crown jewellers, and Mr. C. F. Han-
cock, of Bruton-street, we believe all were refused.
At noon yesterday the princes took an airing in
the parks, accompanied by Mr. Fowle, of the
Foreign-office, who has been appointed to attend
upon their highnesses while in this country. They
expressed infinite surprise at much that was point-
ed out to their observation, and Regent-street, with
its crowd of gay pedestrians, obtained a full share
of admiration.
After luncheon the Lord Mayor paid a visit to
the princes, and had the honour of a private au-
dience to invite their highness to a grand banquet
to be given to his Royal Highness the Duke of
Cambridge in the Egyptian-hall of the Mansion-
house on Wednesday next. Mr. Fowle was
gone to the Foreign-office when the Lord
Mayor arrived, and the conversation between his
lordship and the princes was carried on through
the medium of a member of the suite, who for-
merly resided for a considerable period in this
country. Their highnesses accepted the proffered
hospitality with becoming condescension, and the
civic banquet will be graced with their presence
on Wednesday. Some time after the Lord Mayor
bad retired the Earl of Clarendon arrived, and
had a long interview with the princes, at which
the reception of their highnesses by her Majesty
was definitively arranged.
Last night the princes, with a numerous suite,
went to Astley's Royal Amphitheatre, where they
occupied the royal box, with other accommodation
prepared for them. Their highnesses remained
throughout the evening, and expressed the most
unqualified delight with the performances.
The princes returned to Claridge's shortly before
midnight.

ANTICIPATED BUDOET OF TB. FRENOTI

EMPIRE.

The Moniteur, of yesterday, published a long
report from M. Magne, the Minister of Finance,
with his estimate of the budget of revenue and ex-
penditure for the year 1859. The conclusion at
which he arrives is stated as follows
To obviate any chances of error, and to secure us
as much as possible from mistakes, we were bound
to maintain and even to carry out further, in the
estimates for the budget of _1859, the rules of pru-
dence that have presided over the preparation of the
two preceding budgets. It is with this view that
the receipts and expenses have been calculated.
With regard to the receipts, I have taken for a basis
the existing taxes, calculating their yield-from the
results experienced in 1857 or the estimates already
admitted for 1858. This mode of proceeding per-
...

mits us to reserve for unforeseen cOntingeneies'the

considerable increase that in all probability will be
produced in the course of 2 years 1858 and 1859.
As for the budget of expense the estimates are made
in an inverse ratio—that is to say, with all the ac-

curacy that is possible, and including in the esti-
mates such increase as will be necessary for im-
proving and developing certain departments of the
public service. Thus a new sum of six millions of
francs is added to the expenditure for personal re-

muueration. This appropriation will advance one
step, and, till something better can be done, the
just reform undertaken by his Majesty ; the sum is
distributed among the different ministerial depart-
ments, in order to be applied to the humblest sala-
ries, including those of the magistracy (the Tri-
bunals of the First Instance). The eleven millions
additional for the minister of marine in 1858 are
maintained for 1859, and increased by a fresh sum
of eight millions to promote that most national
work, the re-construction of the fleet and comple-
tion of the naval ports. Several ministerial depart-
ments, that of the Interior, that of War, that of
Public Instruction and Worship, and that of Agri-
culture and Trade, receive grants more in con-
formity with their wants. Lastly, I have with the
greatest care, in order to insert them iu the budget,
taken account of all expenses relating to the
public debt, or such as would accompany an
augmentation of the produce of our taxes and the
greater part of which, though obligatory, have only
been discharged hitherto by means of supplementary
credits. On comparing the charge thus estimated
more liberally than ever, with the yield of thetaxes
estimated with great moderation, we find a surplus
of revenue amounting to about 48 millions of
francs. I have the honour of proposing to your
Majesty to take from this sum 40 millions, and
restore them to the amount set apart for the Kink-
ing fund. The rest will remain as a balance of .
revenue to meet unforeseen contingencies, together
with the increase from the taxes, which will be all
the greater from the fact that the improvement in
the years 1858 and 1859 will not have been die- -
continued beforehand. Such are the bases of the
preparatory project which I have the honour to
propose should be laid before the Council of State.
If your Majesty will now cast a glance at the
general situation of our finances, you will see that
all essential elements are favourable, and are such
as ought to inspire the greatest confidence. It
would, in fact, be neither just nor consistent to take
as a characteristicproof of our situation those passing
events which exert a temporary influence upon our
public credit, such as the degree to which property is
encumbered, the critical state of affairs in neighbour-
ing countries, the reaetion of which is felt by ourselves
and the panic which results therefrom Public
opinion has good cause for uneasiness when the pre-
servation of order at honie or abroad is imperilled,
and authority put in jeopardy, when the Treasury
is embarrassed, when the floating debt is excessively.
increased, when loans are imminent, when the bud-
get shows a deficit, when the harvests are deficient,
when the progress of social prosperity is stopped,
when trade becomes slack or insecure. But must
we not in fairness acknowledge now, that there never
has been more entire tranquillity than at present,
that authority has never been stronger or more re-
spected, that our foreign policy has never been
more popular and national, and that our relations
with foreign governments have never been more
perfect ? The treasury is in an excellent situation.
For several years past the amount of the deficits has
not augmented ; the reduction of the floating debt
is assured ; all the loans are paid up ; the register
of rentea has been indefinitely closed, and the sink-
ing fund can be re-established. Providence, by
giving us abundant harvests, has_d red us from
t
our principal danger. The truly marvellous in-
crease of the indirect taxation and revenues is not
only advantageous in facilitating financial reforms,
but attests moreover the development, to an un-
hoped-for degree, of the industrial activity of the
country. Between 1837 and 1847 the amount of
imports and exports together has, in fact, been
raised, for what is specially French trade, from
1,664,000,000 f. to 3,884,000,000 f. The progress
of navigation has been at equal rate. During the
same interval the arrivals of gold and silver have
exceeded the exportation by more than 1,400,000 f.
I. +be ye en —+ men ths of 1847 the excess of im-
portation (of bullion) is to the value of 62,000,000 f.
In reality, therefore, the currency is far from being
weakened ; but the employment of specie has been
enlarged, in proportion to the extent of business.
Trade and manufactures, which were docile
to the repeated counsels which the govern-
ment bestowed upon them, and thus refrained
from an abuse of credit, now .obtain the reward
of their prudence. It is remarkable that
during years of such difficulty, and amidst the
commercialdisasters by which most places in Europe
and in the New World have been, and still continue
be, afflicted, the amount of bankruptcies amongst
ourselves has followed, as it were, a declining course.
The Bank of France was returning to liberal mea-
sures at this time when, constrained by the example
of foreign banks, it is forced, in order to protect its
reserves, suddenly to raise its rate of discount. But
it must not be forgotten that this is essentially a
t effiporary measure—that the Bank at this moment
possesses fifty millions more in specie than it POE"
sessed at the same period last year, while, thanks
to the good harvest, it has not the same demands to
meet. Upon other occasions, though not so well
armed against them as it is now, the bank has sur-
mounted difficulties far more serious by observing
a prudent, legitimate, and rational course, and
without resorting to any of those empirical means
which a motive of mistaken self-interest might re-
commend, but which are condemned by the expe-
rience of every age and country, and which would
be repudiated by the Bank of France not less ener-
getically than by the government. The investment
offered by our recent loans, the absence of a sinking
fund at the moment when it was most required, and
the completion of railway debentures, have placed
the public funds in a situation of some difficulty.
But, on the one hand, the allotment of the Renter,
which seemed likely to be a work of time, is now'
far advanced, and since 1854, the date of the first
loan, the Treasury alone, on account of the depart-
ments, has purchased Rentes to the amount of more
than 400,000,000 fr. On the other hand, until the
sinking fund, re-established for 1859, shall be en-
abled to operate, the Routes which are to be pur-
chased on account of the grant appropriated to the
army
will produce some effect in 1858. With re-
gard to the railway debentures, as their works ed-
yance, the urgent wants of the railway companies
naturally tend to diminish ; their budget for 1848
will show this—and I hope, moreover, that measures
may be taken, by an agreement between the com-
panies, the Bank of France, and the government
to regulate the issue of their debentures.
The Minister finally winds up his report with th
declaration that the state of the country is now fun-
damentally sound and good, and entitled to all cone
fidence and credit.

KAVAL AND MILITARY INTELLIQENC.M•

The corps of Royal Marine Artillery being re-
duced below its proper strength, an Admiralty order
was yesterday received at the head-quarters of the
Royal Maripe Light Infantry, Chatham, by Colonel
E. A. Parker, the Commandant, directing volunteer•
ing to be opened from that division for the Artillery
companies. Immediately on receipt of the order
30 men of the Royal Marines volunteered.
Yesterday a Chelsea board of officers assembled
at St. Mary's Invalid Es ablishment, Chathanis
under the presidency of Dr. J. R. Taylor, 0.13.,
for the purpose of medically inspecting the soldiers
who aro considered unfit for further service. The
nuinLer of non-commissioned officers and wee
ordered to be discharged was 47, the whole of whom
were granted pensions, according to the nature of
their wounds and length of service.

Orders were yesterday received at Chatkam from
the Horse Guards, directing the whole of the non-
commissioned officers and men who have been
raised at that garrison fur the 2d battalion of the
7th Royal Fusiliers to be sent immediately to
Prestou, where the 2d battalion is to be embodied
and the meu trained.

The following officers have been granted leans of
absence from taw Indian depots at Chatham gar-
rison :—Captain R. C. Glyn, 7th Fusiliers, and
Captain R. 11. Price, 35th Regiment.

11-LI.LICIOUSLY THROWING VITRIOL.—Some miscreant
or miicreants have for the last seven or eight days bees
exercising their malicious propensities in the neighbour'
hood of Knightsbridge Piccadilly, and the Strand, a;
dusk, by throwing vitriol over the dresses of ladies and
others. The pol ce have bean made acquainted with this
infamous practice and are on the alert for the detection
of the perpetrators and a reward has been offered for
their apprehension, which it is to be hoped will lead to
their punishment.