The Sun.
London, England, 1861-02-18 00:00:00

ROYAL ENGLISH OPERA,
COVENT - GA.RDEN.
Under the Management of Miss Louisa Pyne and Mr. W.
Harrison, Sole Lessees.
THIS EVENING, the Second Act of THE NIGHT
DANCERS. Madame Palmieri, Messrs. Haigh, H.
Corr', Izc.
Followed by Tialfe's SATANELLA. Miss Louisa Pyne,
Miss Letll,..r, Miss Thirlwall; Messrs.arrison. FL Wharton, Corti,
St. Albyn, Lyall, and Mr. Win. HarrisT.
To conclude with a Divertissement.
Conductor—Mr. Alfred Mellon. Commence at Seven.

tri EA TR -ROYAL, HAYMARKET.
Lemee, Mr. J. B. Backstone.
THIS EVENINP, the nerformannes will rtommenae with
the Comedy of THE BABES IN THE WOOD. Messrs. E.
Villiers, Buckstone, W. Farren, Mrs. Wilkins, and Miss F.
~Stirling.
After which, a new Pantomime, QUEEN LADYBIRD
AND TIER CHILDREN. The Pantomimists by the un-
rivalled Leclercqs, Herr Cole, and Fanny Wright.

Commence at 7.

ROYAL PRINCESS'S THEATRE...—
Lessee and Manaer, Mr. A. Harris.
THIS EVENING, the Farce of A.S.S.
To be followed by DON C/ESA It DE BAZAN. Don
Cmsar, Mr. Fechter. Supported by Messrs. Basil Potter,
F. Matthews, J. G. Shore, Miss M. Harris, Miss C. Leclercq,
and Mrs. Weston.
After which, a new Christmas comical pantomime, entitle
d
ROBINSON CRINGE ; or, Harlequin Friday, and the Kitm
of the Caribbe Islands : in which Monsieur Espinosa and
Mdlle. Marie Dnmilatre, of the principal cantinental theatres
will appear. Clown, Ir. A. F. Forrest

THEATRE -ROYAL LYCEUM.
Soie Lessee and Directress, Madame CELESTE.
THIS EVENING- the new drama, THE HOUSE ON THE.
BUIDGF. OF NOTRE DAM& Principal charasters by
Mr G. Vining, Mr. J. Johnstone, Mr. Villiers, Mr. Clifford
John Rouse, Mr. Forrester, Mr. Morris ; Miss M.Ternan,'
Mr.
R. Saville, Miss L. Thompson, and Madame Celeste.
After which, the Lyceum Christmas Comic Extravaganza,
CRYSTABELLE ; or, The Rose without a Thom, showing*
rErm VISIONT OF A ROSE, ITS FADING AT EVE,
AND THE MAY-BLOOM OF THE WILD BRIAR.
To conclude with a new Divertlsseinent. Miss Lydia
Thompson, itc.

A DELPHI, NEW THEATRE-ROYAL.
*CA- Sole Proprietor and Manager, Mr. Beni. Webster:
THIS EVENING, AN UGLY CUSTOMER. .Messrs. J.
L. Toole, C. Selby, and Warde ; Miss K. Kelly, and Miss E.
Thorne.
Atter which, THE COLLEEN BAWN. D. Bouoicault, D.
Fisher, Billington, Falconer, Stephenson. C. J. Smith, Romer.
Miss Agnes Robertson, Miss Woolgar, Mrs. Billington, and
Mrs. Chatterley.
To conclude with a new Burlesque Extravaganza, entitle 4
BLUE BEARD FROM A NEW POINT OF HUE.
Messrs. J. L. Toole, P. Bedford. C. J. Smith ; Miss Woolgar,
K. Kelly, Laidlaw, and Thorne.
Doors open at half past 6—Commence at 7.
.Box-office open trom 10 till 5.
No charge for booking.
Private boxes, £2 2s. ; Family Boxes, 11.
Orchestra Stalls, ss. Baloolly, 4s. ; Front Circle Stalls, Is. •
Pit Stalls, 2s. ; Pit, Amphitheatre, la ; Gallery,
Acting Manager—Mr. Wm. Smith.

A STLEY'S ROYAL AMPHITHEATRE.-
proprietor and Manager, Mr. W3t. BATTY.
Immense success of " Turpin's Ride to York."
The Last Morning Performance will take place on Friday,
Feb. 22, when the Boys of the Duke of York's School will
attend with their splendid Brass Band, commencing at two
o'clock with the Pantomime and Scenes in the Arena.
THIS EVENING. will be reproduced TURPIN'S RIDE
TO YORK, APID DEATH OF BLAC BSS, in
which the Brothers EdTHEwin will appear with theirK celeEbrated
Steed Black Bess.
To be succeeded by Scenes in the Arena, supported by
talented Parisian and British Artistes.
Concluding with Batty's Prize Equestian Comic Panto-
mime, for Good Little Boys and Girls, by T. L. Greenwood,
entitled HARLEQUIN AND THE. WONDERFUL
HORSE : or, Percinet and Grociosa, the Ugly Duchess and
the Greedy King, produced with Gorgeous Scenery, by Mr.
Cuthbert, new Costumes and Appointments, and introducing
in the comic scenes Ratty's Prize Equestrian Harlequinade,
and the celebrated Old Bob Ridley.
BOX-office open daily from 11 till 4
Stage Manager—Mr. W. Wm..
Director of the Arena—Mr. Pearson.
Commence at 7.

CANTERBURY-HALL CONCERTS!!!
A Grand Selection from Verdi's Opera,

IL CORSARO,
consisting of the following Morceaux :
Preludio.
Coro Scena ed Aria. "Tutto parca Sorridere"
Coro
in Odalische. "Oh qual perenne"
Cavatina
Coro ed inn°
Scena ed Aria. " Cento leagiadre Vergini"
Terzetto Finale..
will shortly be produced, in the orignal key and Italian
languaze—the first time of performance in this country—in
addition to the usual attractions.
Mr. F. JONGHMANS, Musical Director.
Also, in preparation, Selections from Verdi's New Operas,
"Un Ballo in. Maschera," "Simon Boccanegra ;" and Flo-
tow's celebrated Opera of "Stradella."

HIGH WATER AT LONDON BRIDGE. '
THIS DAY.—Morning, 6h. 48m.—Afternoon, 7h. Bm.
To-MORROW.-Morning, 7h. 36m.—Afternoon, Bh. Bm.

THII WEATHER.—Sum OFFICE, FEB. 17, 1 61.
THEE.MOILETER, IN THE SHAME.
51—highest since noon yesterday.
42—lowest this morning and during the night.
53—this day at noon.
BAROMETER-29.78.
WlND—South.-South-Westerly—light ; with fine weather.
FEB. 18.
THERMOMETER, IN THE SHADE.
54—highest since noon yesterday.
40—lowest this morning and during the night.
51—this day at noon.
BAROMETER-29.67.
WlND—South-Westerly—light ; with fine weather.

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THE SUN.
LONDON, MONDAY, FEB. 18, 1861.

The commercial public really appeared rather
to like 7 per cent. discounts. Now that the rate
is put up to 8 per cent. they manifest a disposition
to recalcitrate and blame the Bank. The Times
affirms that " there is no valid ground for the
advance," and Manchester declares it to be "pre-
cipitate and unnecessary." Oracle OVERSTONE
has, however, pronounced that the Old Lady in
Threadneedle-street has no more to do with a rise
in the rate of discount than BRITTANIA herself. In
his examination before the House of Commons Com-
mittee, on July 7th, 1857, the noble and opulent lord
delivered, with his accustomed amiability of asse-
veration, his decision on this point :—" A great
deal of fallacy lies in that term raising the rate
of discount.' You talk of the Bank raising the
rate of discount—that is the technical mode of ex-
pressing it, but it is not the correct one. The
Bank does not raise the rate of discount; it is
much more correct to say that the rate of discount
is raised upon the Bank. The fact is, that the
diminution in the quantity of money in the country
raises the value of the money that remains, and the
Bank is obliged to conform to that rise in the
value of money. The Bank has no power per se of
raising the rate of discount." And again his
The value of money rises by
lordship says "
natural circumstances. The Bank of England
have no more power of raising the rate of discount
than you or I have : they must conform. As long
as they had an unlimited power of issue they
might delay that operation by improperly increas-
ing their issues. The moment they are put under
legitimate and wholesome regulations on that
point, their power over the rate of interest is gone :
they must conform to it?'
Very well. We accept Lord OVERSTONE'S
account of the matter. The Bank once had, accord-
ing to his notion, " a power over the rate of inte-
rest." " Legitimate and wholesome regulations,"
to wit, PEEL'S Bills, have taken away that power,
and now " the Bank is obliged to conform to the
rise in the value of money" caused by a diminu-
tion in its quantity. Let us then have the saddle
on the right horse. Let us not be told, when things
go right, that
we are to thank PEEL'S Bills, and
that, when they go
wrong, we are to blame the
Bank. PEEL took the responsibility of managing
the circulating medium by his Bill of 1819. PEEL
and OVE RSTONE, by the " complement" Bill of 1844
—that " perfect measure"—professedly removed
every tittle of remaining responsibility from the
Bank. " Do you attend to your banking business,"
they said to the Bank. " Leave to us, the philo-
sophers and statesmen of England, the entire
management of the currency." What has been
the result P The grinding misery of 1819, the
ruinous panics of 1825, 1817, and 1857.
During the time of the Bank Restriction—from
1797 to 1819—the Bank was managed by practical
men of business, of high character and patriotic