The Sun.
London, England, 1857-10-26 00:00:00

Hrna W 5, TER AT LON DO \T BRIDGE.

THIS Day-- Morn. 39 rain. aft. 6 -Evea. 14 Lyn aft. 7
To-Moitnow —l4l rn. 57 min. aft. 7 -Even. 43 min. aft. 8

THE WEA.THEII. SUN OFFICE, OCTOBER 25.

THERNIO3 ETl.3rt, IN' THE SNIDE.
61—highest since noon yesterday.
53—lowest this morning and during the night
60 —this day at noon.

t3AROMETER, 29.94—fallinz.
WIND, Sonth-easterly; rather fresh, with fine weather.
OCTOBER 26.

60—highest since noon yesterday.
51—lowest this morning and during the night.
60—this day at noon.

BAROMETER, 29.81.
; light, with very fine weather. Heavy fog
in the morning.

• • , • • ex.
`- ;
. -
:S4; 31;
(„a.. . 1
, 4-- cr%N-)

tions will be adopted by the Directors, unless the great questions of the session, and that the
tbeyhavoa well .grounded trope of earlyand decisive nation will not allow its representatives to'.tolerate
measures of relief on the part of the Government. equivocation or shuffling on either. It'is quiet—
These should no longer be withheld. Yester- more quiet than is prudent, perhaps, on the
day was the tenth anniversary of the issue of the subject of Representative Reform ; but the
well known letter of the 25th October, 1847, reason is, that it fully expects Government to ful-
and the virtual suspension of the Bank Charter fill its promise, and thinks there will be time
Act. The crisis is at present just as imminent enough for action when the Ministerial plan is
—the danger, in every respect, as great. As we proposed.

already pointed out, there are several elements of
confusion at present which did not then exist.
The exchanges were then in favour of this country.
Now there is a heavy drain to India, China,
America, ana to almost all pacts of Europe. Th.l
gold arrivals from Australia will be purchased
over our heads by strangers who can well afford
to outbid us in our own markets ; and it is ♦ain to
hope for any from California, for they will all be
stopped in transitu to supply the more stringent
wants of the United States. From whence,

then, can we look for relief ? What deus ex
machine& will come for our assistance 7 Is
it not time, then, that wo looked to our
own security, and adopted the necessary safe-
guards to avert a wide-spread destruction—the

ruin of all but wealthy capitalists, who may be
enabled to double their already enormous fortunes
at the expense of the struggling community ?
In the Times' money article of this day (written
on Saturday evening) it is stated that " the
arrival of the American and Indian mails, now
due, will most likely settle the question as to the
prospect of any other further immediate move-
ment." Well, the American mail has arrived, and
the tidings conveyed thereby is quite sufficient
alone to prove a real "settler." It is true
that the Indian intelligence has not yet come to

hand, but we learn that the East India Company

have purchased 250,000/. worth of silver to be
transmitted by the mail of the 4th proximo, and
it is more than probable that a still further
amount will be transmitted, and that the drain
will be kept up for some time to come. This is
another cause of uneasiness. Hitherto the remit-
tances were to, not from. Leadenhall-street, and

from, not to the United States. How can we
stand up against it.

We repeat, then, the questioa we have fre-
quently put— At what time are we to adopt
means to avert the panic, and the incalculable
mischief that must arise from its operation ? Is
it to be in an early stage, or must the relaxation
take place in the last extremity, and when the
danger of general confusion has become immi-
nent Must we suffer the commercial and manu-

facturing interests to be sacrificed to the

Moneyocracy, and then only step forward when it
is necessary to enable those who have profited
largely by the general ruin to realise and secure
their ill-gotten gains 7 This time the deluge may

be more general than before, and if not averted in
due time may sweep away the great with the
small, the millionaire with the struggling trader.
Exclusive of the painful tidings above commu-
nicated, the Bank Returns in Friday's Gazette were
sufficient to cause grave apprehension. They showed
a decrease in the stock of bullion of 585,4651., and
in the notes unemployed of 807,2151. The pre-
ceding week showed a like falling off in bullion of
552,7491., and of notes of 581,6501. These are

startling announcements within a single fortnight,
and we fear that, if we could know the state
on Saturday, there would be no symptom of
improvement. Why then is there not an imme-
diate demand for the assembling of Parliament to
consider measures adapted.for the crisis. Thisstep

ought to be adopted whether therebe Government in.

terference or mattors are to be allowed to take their
own course. Lord PALMERSTON will have to ac-

count for every hour's delay. The sufferers from
the monetary disturbance will not consent to be
willing victims, and retributive justice will await
those who have trifl-,el with their misfortunes !

How will the Campaign Parliamentary begin ?
A question which must be answered by another
question—What, in Feb. 1857, will be the news
from India? It -could be almost lucky for Lord
PALMERSTON if the February mails announced a state
of things as yet far from satisfactory. Patriotism
then might hush all squabbles, Mr. DISRAELI
would sting the Premier by sarcastic forbearance,
W. B. and Sir E. B. LYTTON would give him a more
frank support while fighting his country's battle.
and Mr. GLADSTONE and Sir J. PAKINGTON would
pea haps merely publish a House of Commons edition
of their lectures on humanity to Sepoys. But hop-
ing, as we do, that the ebb of mutiny will by that
time not merely have commenced, but. be rapidly
Rowing out, it is curious somewhat to conjecture
how the game will be played till Easter. There
will be Old India represented by the East Inriia
Directors in the House, and Young India by Mr
BRIGHT, if well enough, and all the more straight-
forward Reformers—provided they happen to have
no relatives or connections in the Indian Civil
Service. The Board of Control will strongly lean
to Old India, but will not improbably, to a certain
extent, conceal its policy, till it sees whether it be
strong enough to bolster up the D ,üblo Government
a little longer. That question is, of course, every-
thing, individually and officially, to Mr. VERNON
SMITH, since who on earth would tolorate him
as the clearly responsible Minister for India, any
more than Lord CANNING would have been tole-
rated for a moment as Governor-General, had it
been supposed that he would have had to suppress
a mutiny, or indeed to do anything &se there than
take his 25,000/. per annum, and countersign the
decrees of Messrs. DORIN, GRANT, and Co.

On the other subject it will not, as we
believe, be content with half measures regard-
ing India. There must be searching en-
quiry. We must not be tricked by Mr. ROE-
BUCK stepping forward, taking on himself
gratuitously the office of representing the Liberal
party, giving notice of a refsolutiou for a com-
mittee of inquiry, and then, at the re-
quest of Government, withdrawing it.
Thorough inquiry there must be, and it

must be, not by a Royal Commission, but by an

independent committee of the House of Com-
mons, and of the House of Lords too. We must
summon home a, fair number of the independent
Europeans from Calcutta and elsewhere. We
must have residents in India unconnected with

the Company—the men who have by'petitions
and public meetings, where the press is gagged,
asserted the rights of British subjects, and de-
nounced the incompetency of the Governor and
his Council.
We have already pointed out the vast import-
ance, in regard to India, of legislating at the
earliest possible period ; or, in the, very homeliest,
but most expressive phrase, of "striking while
the iron is hot." The iron is hot now. England
is more warmly interested on the subject of India
than it has been within the recollection of any liv-

ng man. Her middle classes, her electors, are

interested, and while they are so, is the time for
Indian reform. We are, as a nation, touched in
conscience for having handed over to a selfish
commercial Company the government of so
many millions of our fellow subjects. We
have awakened from a dream, and while
we are awake is the time to set things right. In-

dian debates will not drive members out of the
House next session, and they will be carefully

scanned next the morning by constituents who
never read an Indian debate before. The eighteen
directors with their 5001. a-year each, their chair•
man and deputy-chairman with their 1,0001.
a•year each, and the patronage divided among
them ; Mr. VERNON Smith, too, and his Board of
Control with its patronage, will, of course, all be
anxious not to canvass the merits of the

system of Indian Government, while every

one's eyes are wide open. All means will,
therefore, be used to stave off such questions till
another year, and till, it may be hoped, the natio
will begin to lose somewhat of its present intense

feeling. Procrastination, the last and favourite,
and sometimes most successful, refuge of political
wrong-doers, will be the grand expedient.
Let not, however, the. Old Indians and the
Board of Control be too reliant on such a policy.
While every effort should be made by Reformers
to bring the Indian Administration under the most
rigid scrutiny in the coming session; yet, if these
efforts fail, it may not serve the purposes of char-
tered abuses so much as is expected. If the fer-

your of the interest now taken in India subside
somewhat, the determination of the country
to do its duty by its almost innumer-
able, but hitherto neglected, fellow-subjects, may
not—we trust will not—subside. The Anglo-
Indian press will regain its liberty, independent

A.nglo-Indians will find advocates of their views

who will not let the public sleep, and the session
of 1859 may be better instructed in East India

Company delinquencies, and altogether more
wary in the right direction, than that of 1858.
Still, we repeat, and stand by our homely motto
on Indian matters, to " Strike while the iron is
hot."

DEATH OF LADY JAMES GRAHAM.—On the 25th inst.
at the Pavilion, on the Parade, at West Cowes, after a
long and painful illness, died Fanny, the wife of the
Right Hon. Sit.:James Graham Bart., in the 64th year
of her age. As her ladyship's dissolution had been
almost hourly expected for the past montb,all her family
had assembled round her—Sir James, the Hon. Mrs.
Duneombe, and the Misses Graham being with her in
her last moment. By her ladyship's particular wish, her
body will be &posited in a vault at Whippingham, Isle
of Wight.
The Duke and Duchess of Richmond aed Lady
Cecilia Gordon Lennox are expected to leave Gordon
Castle, N. 8., the week after next for London, en route
to Goodwood for the winter. The Duke and Duchess
purpose paying visits en route to the south.
Lord de Grey has slid his Marine Villa at Cowes, to
p F. Bluett, Esq., of Holcombe Court, Wellington,
Somersetahire.
THE KING OF PORTUGAL'S MARRIAGE.—Count Lay-
radio, the Portuguese. Minister to England, made a for.
mal demand at Sigmaringen en the 21-t inst., of the
hand of the Princess Stephanie for his master the King
of Portugal. The Princess Stephanie was born on the
15th July, 1837, and is the daughter of Prince Charles
Antony of Hohenzollern Sigruarin2en, who abdicated his
little territory in December, 1849, in favour of the King
of Prussia, conditioning for the title of " R,yal High-
ness," and the rank of a younger prince of the royal
h )u,e.

Then there will be the Reform business. If
Indian affairs be convalescent, or tending
that way, the Reform Bill must come
on. Lord JOHN, we presume, must be ♦ery hard
at work on that business. Mr. OsEORNE wished
him in the Cabinet, pro hqc vice at least, and he
himself on this business, enacts the responsible
minister, who cannot be expected prematurely to
announce his plans. We all somewhat wondered,
when he received an honorary address the other
day at Birmingham, that the earnest Reformers
of that Radical town said not a word about Re-
form to the author of the first Reform Bill and
the engaged nurse for the new one. It turns
ut that this was by his L-irdship's particular
desire. Of course the inference was, that
his own Bill is being carefully matured ;
that he means at least to take a conspicuous posi-
tion on that question next session, either as the
Minister for the New Reform Bill, or as the
independent supporter of Government ; ready
either to supplement their work, if defective, or
to proffor his own if the Government proposals be
incurably bad.

According to the latest arrangements, Prince Frode.
rick William will came to England in the early part of
n.,xt month, and stay at our Court until after the birth.
day of the Prince,:s Royal.
A te'egram from 13,1rlin, dated 25th instant, an•
uouecis the death of M. de Niebuhr, the Cabinet C9un.
cil'or. •

A circular has been addressed by Lord Clarendon to
the British Mini,ters at maritime Courts, directing them
to call the attention of the Governments to which they
are accredited to the facilitiesafforded for merchant ships
of all nations to make known their identity when meet-
ing British vessels at Fee, or passing signal stations on
the coast of the united kingdom. To effect this, applls
cation must be made to the Registrar-General of Sea-
men, who, on receiving particulars of name, tonnage,
port of registry, and national flag, and horse-power if a
steamer, will appropriate a distinct signal for each vessel,
coin pri,ing four of the flags used in the Commercial Code
authorised by the Board of Trade.
The Hayivarket Theatre programme announces the
repetition of " The Lady of Lyons," on Monday, Toes
day, and Friday, and on _the other evenings in the week
" The Love Chase," in which Mies Amy Sedgwink ap-
pears. The comedy of " Victims" will be played as an
afterpiece on the three first-named evenings.
After the new comedy of " Leading Strings," which
will be the chief dish of the Olympia entertainment
during. the week, a new farce by Mr. Pedgrave Simpson,
entitled " Deadly Reports," will be produced thiseven-
ing. " A Subterfuge" will be the concluding piece. •
The Adelphi management have re-engaged Mr. T. P.
Cooke for six night', who will appear in the popular
dramas of " My Poll and My Partner Jue" and
Black-Eyed Susan," preceded. by " Urgent Private
Affairs." Oa Wednesday an apropos sketch, entitled
" Tile Drapery Question ; or Who's for India'?" will be
proßused.
Knowlee'e play of " Love" will be represented by
Mr. Clarence Holt, at the Marylebone, the first nights of
the week. The " Beggar's Opera," this evening, veil
introduce two new actresses, Miss Fanny Lindon and
Miss Ernma Ansley, to the London public.
The New Mexican drama of " The War Trail" will
form the piece de resistance, during the week, at
Astley'e.
The successful drama of "Ambition" will be repeated
every evening during the week, at the Surrey. Another
drama, entitled "Avarice," will be the second piece
every night.
At the National Standard, Mr. Anderson and Miss
Elsworthy will appear every evening in the popular
drama of " Clouds and Sunshine ;" the afterpieces will
be " Ben, the Boatswain," and " Belphegor."
M. Salvini, the eminent Italian tragedian lately in
Paris, is now, we learn by the Milan journals, acting
in that city with the most brilliant success.
Morelli, the baritone, has returned from America, and
is now singing with success in Rome.
Mm. Naptal Arnoult has cancelled her engagement
with the director of the Gaite, paying hima forfeit of
12,000 f., having accepted a lucrative offer for St.
Petersburg.
Mine. 13,isio and M. Tamberbk have been received at
the Opera House in St. Petersburg with flattering marks
of favour by the Royal Family and court.
Mme. Catherine Hayes passed through Paris this
week en route for Pau, where she proposes to pass the
winter in complete retirement.
GRAND FRUIT SHOW OF THE HORTICULTURAL SO-
°lBM—This splendid exhibition of fruits, open to the
competition of the whole world, took place on Saturday,
at Willis's Rooms, St. James's, and attracted vast
numbers of visitors. The display was, indeed, a most
gorgeous one, and it excited the most enthusiastic
Praises,

Lord PALMERSTON has been very lucky yet in
having a good pretext to keep out of the uncon-
getial subject of Parliamentary Reform. Russia,
China, or a short session, have come opplrtunely
to his aid. We hope, for every reason, that
India will not avail him next year.
As we have shown already, it may be
his policy to tyke India and Parliamentary Re-
form together, hoping to divide attention, and to
get off, both at home and in the East, more easily
by doing so ; especially should he escape through
the session the presence of Mr. GORDEN and Mr.
MILNER GIBBON. We rather hope, however,
that the battle will be a pretty stiff one on both

THE SUN, LON DON, MONDAY EVENING, O C TOBER6, 1857.

LATE .!,.'iT NEWS.

THE NEW SPANISH CABINET.
MADRID, 00T. 26.
The Cabinet is now definitively constituted, and
is as follows
President of the Council and Minister of War
—General Armero.
Estaddo and Ultramar—Martinez de la Rosa.
Gracia and Just icia—Casaus.
Finance—Alexandro Mon.
Marin e—Bustillos.
Gobernacion—Bermudez de Castro.
Fomento—Salaveria.
Governor of Madrid—Marques de Cobera.

financial difficulties of England are great, her resources
are also prodigious. Of these an idea may be conceived
when we state that in five years, from 1846 to 1850, Eng-
11nd expended 150 million sterling on b er rail ways,and that
in the revolutionary epoch, ar d before she bad profited in
the elightest by the immense resources created by the
discovery of gold in California and Australia. If England
could support a sacrifice like the above without in the
least obstructing the progress of her commerce and trade
—if England has been able for years to accept only the
petty interest of or 2 per cent. paid on the enormous
capital sunk in her railroad without having experienced
serious inconvenience, hew immense must be her re-
sources at the present day, when her railway expendi-
ture is at an end, when her commerce has nearly
doubled, and when the pH of California and Australia
swell her receipts. The accumulation of capital is such in
that country that, in our opinion, were England to lose
all the sums which she has expended in India and the
21 milliards of capital now engaged in the United States,
her credit would still stand the first in Europe. From
this it may be judged how little important, as regards
the future, are the exceptional embarrassments which
now weigh on England, and, through her, on the whole
of Europe—and how vain is the alarm of those people
who allow themselves to become panic-stricken.

THE SING OF PRUSSIA.-DELEGA-
TION OF THE ROYAL POWERS.
The following telegraphic despatches have been
received from Berlin :
SANS-SOUCI, FRIDAY, OCT. 23.
A cabinet order, resulting from the formal
opinion of the physicians, who state that the King
must abstain for at least three months from, all
affairs of government,
confers upon the Prince of
Prussia the direction of the supreme affairs of
the state for the said period of three months,
unless, contrary to all expectation, the King's
health should be re-established sooner.
The order of the Cabinet invites the Prince to
take upon himself the execution of its provisions.
BERLIN, SATURDAY, OCT. 24.
To-day at noon the ministers of state assembled
at the palace, and the Prince of Prussia received
the delegation of power for three months, in
virtue of a cabinet order signed yesterday by the
King, and countersigned by Baron von Manteuffel.
The bulletin of the King's health, dated from
Sans-Souci, this morning at 11 o'clock, states that
during the last twenty-four hours the state of his
Majesty has been most satisfactory.
BERLIN, SATURDAY EVENING.
His Royal Highness the Prince of Prussia has
addressed to the Ministers a statement, in which,
after announcing his acceptance of the royal powers
conferred upcn him, he declares it be his firm
will to conform faithfully to the constitution and
laws of the country, and to direot the affairs of
the Government according to the King's inten-
tions, known to him, so long as his Majesty shall
think fit.
The Prince adds that he expects from the army,
the functionaries,and the subjects of the King, that
they will pay him due obedience. The Ministers
collectively, and each of them individually, will re-
main charged with the same responsibilities as be-
fore. The Ministry of State and the several de-
partments, together with the military and civil
administrations, will be maintained in the same

conditions.
The decrees of the Prince will bear the signa-
ture :—By delegation of his Majesty the King :
the Prince of Prussia.
The Prince prays God to grant him strength
and grace to execute his mission to the King's
satisfaction, and for the good of the country, and
hopes that the re-establishment of his Majesty's
shattered health will soon put an end to a mission,
which he has accepted in deference to the King's
orders, and from love to his country.

The Cabinet order above referred to is as fo"
lows :--

6g To THE PRINCE OF PRI:META.

BOVRSE, Oct. 24.—The following were the last
quotations :

Cash. fr. End of month.
44 per Cents
3 por Cents 66 90 66 90
Bank Shares 2980 Credit Foncier —
Credit Mobilier 787 50 Roman
Do. Account 787 50 Austrian
Belgian 4. 9Bi— Spanish Threes —
FWD:tentage (5) 9O Home Debt

" Royal Highness and dear Prince,—Asp accord-
ing to the prascriptien of my physician; I must
keep myself aloof from all business of State for at
least three months, I herewith commit to your
Royal Highness and clear Prince my proxy in the
supreme conduct of the affairs of State for a period
of three months, unless my health should, contrary
to expectation, be sufficiently restored at an earlier
period. I, therefore, herewith call upon your Royal
Highness and dear Prince to issue the necessary
command,.

"FRIEDRICH WILHELM.
"Sans Souci, Oct. 23, 1857."

(Countiirsigned by all the nine Ministers.)
In execution of this trust committed to bim, the
Prince of Prussia has addressed the following mani-
festo to the Ministry :

" Annexed to these presents I forward to the
Ministry of State the original of a Royal Cabinet
order addressed to myself, with the instruction to
have it, together with this my present manifesto,
b
a knowledge of the public in the Gezetz
sraomumgh t
lut
itog
(collection of laws).
cc With reference to the proxy which the King's
Majesty has committed to me, and which I have
taken upon me, I herewith declare that it is my
firm will and intention to carry on the, conduct of
in conscientious observance of the
charter affairsterofthe country and the laws of the land
according to my best knowledge of the intentions
of His Majesty, my Royal brother and Sove-
reign, and for so long a time as His Majesty
may consider this desirable. I expect that His
Majesty's milit cry forces, his civil officers, and all
his Majesty's subjects will show me due obedience,
and more particularly the Ministers of State will all
an
dtheiff
lresponsibility.
each of them
remain
dtu duly conscious of their
Stateof both in the Ministry
sueireer:s,
t public offices, also in
the Military and Naval Civil, is to pursue the same
course as has been the case hitherto. All direct ap-
plications (viz., to the King's person) are to be ad-
and in
ad-
dressed as heretofore, and the form in which public
documents will be signed, will be
c By order of his Majesty the King,

" ' Prince of PRUSSIA."

" I pray to God that He will confer on me
strength and grace to execute the charge committed
to me to the satisfaction of His Majesty the King
and to the good of the country, and that the restor-
ation of my Royal Sovereign's health, which to my
deep grief and that of all the nation has of late been
disordered, will soon relieve me of the task which I,
in conformity with his Majesty's commands, and in
consideration of my duties to tho country, herewith
assume.

" Prince of PRUSSIA.
" Von MANTEUFFEL.
" Von der HEYDT.
" SIMONS.
" VOn RATTMER.
" VOn WESTPIIALEN.
" VOn BODELSCHWING.
"Von MASSON.
" Von WALDARSEE.
" VOn MA.NTEUFFEL 11.
" Berlin, Oct. 24, 1857."
As soon as it is possible the King will be con-
veyed to Charlottenburgh, which is more suited
than Sans Souci to an autumnal residence, and he
wi►l stay there in all probability at least two months.

FRANCE.

PARIS, SUNDAY EVENING.

It is said that M. Migeon will appeal against the
sentence of one month's imprisonment pronounced
for that offence. From the evidence of their own
witnesses, the authorities have been clearly con-
victed of ernplcying the same "electoral frauds"
for which they prosecuted M. Migeon.
The Chamber of Commerce of Paris held a
special meeting yesterday, to pass a resolution
praying the govensmont so far to repeal the
usury laws as to allow private parties to charge
the same rate of discount as is taken by the
Bank of France. At present there is this extra-
ordinary anomaly, that a merchant who pays 71
per cent. for discount of his paper to the bank,
cannot lawfully take more than 6 per cent. upon
the bills he receives from his customers. This.ano-
maly provokes a great outcry in most of the pro-
vincial towns, and many country journals openly
call for a forced currency of banknotes, The Em-
peror decidedly sets his face against this expedient.
The Spectateur thus dwells on the immense finan-
cial resources commanded by England, and marvels
at the timid capitalists who imagine that the pre-
sent crisis will unduly try her strength :
"It must not be lost from sight that if the present