The Sun.
London, England, 1857-11-14 00:00:00

commenced at Ludlow Castle, within 600 yards
of the city, and by the 10th was completed, and
partially armed, although not yet unmasked.
INo. 3 battery was also commenced on the left,
and No. 4, for 10 heavy mortars, com-
pleted on the Koodsee Bagh, but not un-
masked. On the 11th, the batteries opened
fire, and with terrible effect. Huge masses of
masonry crumbling before the iron storm, showed
the efficacy of the British practice, and convinced
all parties that the hour of retribution was ra-
pidly approaching. Night and day until the 14th
was this tremendous fire continued, and then the
breaches being reported practicable, it was known
that the moment of action had at length arrived.
The attacking force was distributed into five
columns, the first under the lamented NICHOLSON,
and the others under Brigadier JONES, Colonel
CA3f-rnatz, Major REID, and Brigadier LONGFIELD,
The cannonade was maintained until the last mo•
ment, and then the Rifles dashed to the front with
a true British cheer. There was a brief delay of
some ten minutes, while the ladders were lowered
into the ditch, in order to ascend the scarp. At
this period there was a perfect hailstorm of bul-
lets, thinning the ranks of the adventurous heroes
engaged in this dangerous task. It was, how-

ever, speedily brought to a conclusion. The men
dashed into the breaches, and the cowardly mis-
creants by whom they were defended, fled
before the British bayonet, wielded by true-
hearted Britons.

We own, as we have owned before, that the
very fact of some having been guilty of mutiny in
its simplest form, only while others who have been
seducers of their fellows, or murderers, and worse
than murderers, or abettors and approving specta-
tors of crime, or guilty of firing on British troops,
may properly furnish an occasion for punishing
less severely those who merely mutinied, and still
more any who can show that they were compelled
to follow their commander. Justice will be all
the more efficient if discriminating, while it will
be less onerous to British humanity. But, two
'things appear to us iudisp3nsable. One, that no
voluntary mutineer, in such a crisis as this, should
escape without some, we should say, severe punish-
ment—slavery for life should attest that those
who abused the trust of deadly weapons had com-
mitted a crime never to be wholly expiated—the
other, that no length of time should confer impu-
nity for the crime of mutiny. Mr. LAY.►a,n, if
we remember rightly, first pointed out the effect
of this principle, especially ou the minis of men
at once fatalists and profound ih cunning. Even
escaped mutineers will then retain a gloomy ap-
prehension of fate one day overtaking them, and
will probably be quieter iu consequence.

At the Cashmere Gate a feat of daring
valour, seldom equalled, never surpassed,
was manifested. It was decided that the

Cashmere Gate was to be bolwn down, and

the perilous duty was entrusted to Lieutenant
&WIELD, of the Engineers, and Sergeants CAR-
MICHAEL, BURGESS, and SMITH. They advanced
coolly and resolutely to almost certain death. The
bags of powder were placed in the most steady
and deliberate manner, Lieut. SALKELD receiving
two bullets. Sergeant CARMICHAEL was killed,
and also Sergeant BURGESS, but not until he had
fired the traia ; while Sergeant SMITH, who had
nobly rushed on, when he saw his companions
placed hors de combat, without, as he thought,
having accomplished their fearful duty, had barely

time to fling himself into the ditch and escape the
explosion which blew down the gate. We rejoice

to say that the Victoria Cross has been bestowed
on the two survivors, Lieutenant SALIEELD and
Sergeant SMITH, and also on Lieutenant HOME,
and a noble fellow of lI.➢Z. 52d, who stood by
SALKELD to the last and bound up his wounds.
Through the gate thus blown down the third
column rushed with irresistible force, and entered
the town just as the first and second had won the
breaches.

The Bank of England returns to Wednesday
last, have been duly published, and they fully and
completely verify our statement, that the act was
suspended not to save the people, but to save the
Bank of England, and that we declared would be
manifested on the publication of the returns.
Well, it has been 3o manifested. The stock of
bullion in both departments has been reduced to
7,170,5081., showing a decrease of 1,327,2721.
since the previous week. This is far less than the
lowest amount to which the bullion was
reduced in October, 1847. But this is by no
means the worst part of the case. The reserve
of notes on Wednesday evening stood at only
957,7101.! the reduction within the week being a
diminution of 1,197,6051. This 957,7101. was in
fact all that remained to the Bank for the payment
of their enormous liabilities, and if any one had
called for a single pound beyond that money the
Bank must have stopped payment. There was, ex-
clusive of the active circulation, or notes in the hands
of the public amounting to 20,183,3551., private
deposits to the extent of 12,935,3441., public
deposits 5,314,6591., and seven day and other
bills, 853,9751. Bore, then, was no less than
forty millions sterling, payable on demand,
and for this there was a beggarly stock
of 95,710/. I Tile demand for the Scottish
banks would have exhausted this amount, and
had it not been for the Government letter, the Old
Lady's doors would probably have been closed
this day. We repeat then, that we do not thank
the Government for their tardy concession which
was forced on them, and which was deferred un-
til the last possible moment. Let it not, then, be
pretended that it was to save the commercial
and manufacturing interests from inconve-
nience. The specious falsehood is too easily
found out.. The Act of 1844 has occasioned all
he mischief. It has now been suspended for the
second time, and never again can its impolitic pro-
visions be forced on the country. We trust that
the people will not again suffer themselves to he
humbugged as in 1847. Let them press for the
total repeal of the iniquitous code and the estab-
lishment of a circulating medium adequate to the
wants and exigencies of the nation, and to its
greatly enhanced commerce and manufactures.

It was in clearing the Moree Bastion that the
truly noble .Niouonsox received his death-wound,
which has cast a shadow over the triumph of the
day. The fourth column alone failed, in the
attack on the Lahore Gate—it is said through the
vacillation of the Cashmere Contingent. The loss
in killed and wounded in the terrible attack
alone amounted to 61 officers and 1,178 men—
one-third of the force engaged. The enormous
proportion will show the fierceness of the defence,
and the unyielding determination of the assailant?.
The victory was virtually decided and Delhi won
on that day ; but from the 14th to the 20th the
British troops were steadily improving their
triumph. That day Delhi was their own, the
unarmed citizens and women were permitted to
leave the city, but no mercy was shown to any
armed rebel.

On the 21st the imbecile octogenarian, wl.o
fancied that he was going to revive the glories of
the Moguls, surrendered, with his chief wife, to
Captain HODSON, about 15 miles south of Delhi.
He was spared for the time being, until his fate
should be decided by those in authority. Not so
! his two sons and his grandson, who, on being
captured at the tomb of Humayoon, five miles
from the city, were forthwith shot, as a striking
example to the rebels.
We have already stated the relief of Lucknow
by General HAVELOCK, but although just in the
nick of time, it was not so complete as could be
desired. A tremendous force of rebels still hovered '
about the road to Cawnpore, and it was found to
be impossible to movo the sick and wounded, the
women and children, numbering nearly 1,000.
The course about to be adopted was to strengthen
the garrison and leave abundant supplies, ,
with which there was no doubt they could
hold their own until the return of ILCPELOCM
with adequate reinforcements. Although this is
not all we could have desired, there is but little
doubt that the garrison will be able to maintain
itself, and to save the helpless fugitives and inva•
lids under its protection.

Our time or space will not permit further
comments. The ample extracts we have
made will give full information on all
points, and it will readily be judged that
the neck of the rebellion has been crushed,
and that few will henceforward attempt a mutiny
against those who have exhibited themselves so
irresistible, even before the arrival of 40,000
English troops now en route to the scene of
action.

MEETING OF PARLIAMENT.—We believe we shal not
be far wror,g in anticipating that Parliament will meet
on the ..et or 3,1 of December.—Morning Post.
TAX SIAMESE AMBASSADORS.—Tbe exact time of the
visit of the ambassadors to Windsqr is not fixed, but it
is expected to take place in the course of a week. Last
night the ambassadors, acc3mpanied by a numerous
suite, visited the Royal Colosseum.
PASSENGERS FROII CALCUTTA.—Tae following pas-
sengers have been brought by the Hindostan from Cal-
cutta :—Mrs. Phillotti' Mr. Campbell, Mr. Ballard,
Miss Grahame, Mrs. Brooks, Mrs. Cooknyn, Mrs.
Paske, Captain Hallard, Mr. Couyon, Mr. St. Aubyne
and two children, Mr?. Robinson and two children,
Rev. and Mrs. Milne, Mrs. Garrett and two chil-
dren, Major and Mrs. WC irthy, Mrs. Crozier
and child, Captain Richards, Mr. Spry, Mrs.
Sharer and two children, Captain Holmes, Lieutenant
Powell, Mrs. Coote, Mr. J. Kimber, Mr. R. Browne,
Mr. A. Hall, from Madras, Rev. C—, jun., Mrs.
Cublet and children, Mr. May, Mr. Smith, Mrs. Browne
and child frum Hong Kong, Mr. Tott, Mr. Barrett, Mr.
Heywood, Mr. Somerville, Captain R Com-
mander Tomlet, Mr. Jones, Lieutenant St. John, Mr.
Slaney, Mr. Callett from Singapore, Mr. Elhredat, Mr.
Hagndron from Manilla, Mr. and Mrs. Eicalina and
children, Mr. Hadrey, Penang, Captain Milhorce,
Galle, Captain David, Mr. Steward, Gower.
TROOPS TOR INDIA.—PLYmorrru, Fiiday.—The ern•
barkation of the 94th Regiment was completed to-lay,
and the Austria will sail for India to-morrow.

Retribution measures its demands not only by
the simple magnitude of crime, but by the cost of
putting it down. The villainy of Russia is de-
fined, not only by the wickedness of her attempts
on the independence of her neighbours, but in the
thousands of noble and innocent lives sacrificed
in bringing her to justice. The blood of our sol-
diers and officers in the Crimea still loudly re-
proaches the complicity perhaps of France,
and the cowardice of England, in not appropriat-
ing the Crimea and Bessarabia to some better
power, and driving the enemy of liberty from the
Circassian shores. And retribution in India must
be measured by the cost of suppressing mutiny,
as well as by the atrocious villainies of Delhi,
Cawnpore, and Jhansi. The news by this mail
suggests thoughts for Lord PALMERSTON and for
Lord CANNING. Not far from two thousand
loyal soldiers have been killed and wounded at
Delhi and Lucknow.. Two of our noblest gene-
rals, men whom, if surviving, the highest honours
awaited, have paited with life in the act of sup-
pressing this mutiny. Mutiny, murder, unheard-
of cruelty, and dishonours perpetrated on the
pure, the innocent, and the helpless—call indeed
for unsparing punishment on all the guilty—but
that is not all, we must include is the deserts of
mutiny what is due to a crime which costs thou-
sands of noble and loyal lives to put it down.

Tin INDIAN MAILS.—The Ca:cutta portion of the
mails will riot arrive at the Post-office until late this
afternoon. It is to be feared that the Marseilles portion
of the Australian mails is missing, having bee❑ pct into
a despatch-boat off Suez, on the occasion of the Erneu
getting on shore in the Red Sea.

Tat EXPECTED OVERLAND INDIA MAIS —Yesterday
afternoon, the Post-office authorities ordered the mail
picket Prince Frederick William to proceed from Dover
to Boulogne, on the special service of conveying to
Dover this morning the overland mail from Bombay.
This mail loft Maneills at 10 p.m. Thursday, avid
Paris 730 p.m. yesterday. The Prince Frederick
William embarked the mail at Boulogne about
1.15 this morning, and a special South-Eeastern
Railway train waiting at Dover for the boat will bring
the mail to Loniion by about half-past five o'clock,
if the railway train runs at the same excellent speed as
on the previous special occasions. After landing the
Bombay wail at Dover, the mail packet will go back to
Boulogne, and wait for the arrival at that port of the
overland Calcutta mail. This mail 1-ft Marseilles at 10
o'clock yesterday morning', will arrive in Paris about six
o'clock this morning, and come down to Boulogne most
likely by specill train. Should it be so despatched, the
mail will reach Boulogne by about 11.30 a.m., Dover
1.30 p.m., and the General Post-office before 4 o'clock
this afternoon.

Mutiny is for the sad reasons brought us by
the last telegrams, the most awful of crimes.
Rarely does society lose the lives of any of its
members in punishing theft, fraud, perjury, and
even violence, and murder itself. Bat the intole-
rable guilt of mutiny, of persistent mutiny, is seen
in the precious blood just shed to suppress it. It
is impossible that arms can be entrusted to bodies
of men, (xeept under the severest penalties for
the abuse of them. A standing army without the
sternest laws would be worse to live with than a
volcano or a mine. The first condition of mili-
tary service is to obey the commands of those who
pay it. Desertion is a fraud on the State, which,
if generol, might be f tial to its safety, but re-
bellion, armed rehdlion of those who are
must issue in armed only to preserve the peace,

COMMNRCrAL FAILURY,S.—The suspension has occurred
of the respectable firm of Draper, Pietruni, and Co.
Their business was connected chiefly with Italy and
Rns-ia, and their liabilities arc estimated at about
300,0001. Of this sum, however, a considerable portion
—perhaps half—consists of letters of credit granted to
houses of high standing, who will doubtless at once
withdraw them.—Tno suspension of Messrs. Bowman,
Grinnell, and Co., of Liverpool, engaged in the New
York trade, has been announced. it Is stated that it
will be only temporary.—Messrs. R. Bainbridge aad
Co., in the American trade, have also stopped, but their
liabil,Ces cn this side are thought not to exceed 30,000/.
or 40,0002.—Th0 Eti.p.,nsion of Munro, Orant, and Co.,
timber merchants, at Swansea, and of Steegmau and
Co., manufacturers, tit Nottinghatn, was mentioned
yesterday in letters from those places,

the subversion of Government or in the death of
many of those who rally to its preservation.

It is from no mere impulse of indignation, in
itself commendable, that we have demanded, and
do demand punishment in cool blood which shall
not be easily forgotten. Punishments which shall
make intelligible to Asiatics, what we think of the
most hideous of crimes, that of armed men turn-
ing on those who arm them. It is the crime of
all crimes which makes it certain that the inno-
cent, the noble and self-sacrificing Ministers of
Justice shall parish—and perish by the hands of
the guilty. NEILL and NlcuoLsoN, and their
1 soldiers, shed their blood in battle with the worst
of villains. British mothers, and sisters, and or-
phans must deplore many a;beloved husband and
brother, and parent, because the Sepoys were un-
provoked mutineers. We do not want vengeance
—vengeance for its own sake, but to spare life we
demand life. To spare the lives of future NEILLS
and NICHOLSONS and British soldiers, we demand
that an example, which shall not be forgotten till
thorough civilisation pacifies India, be made in the
present case. It will, indeed, require courage and
firmness. Courts Martial and Civil Courts will
naturally hesitate at doing deliberately, what the
same persons in the heat of battle would never
have shrunk from. But justice must not quail
at her duty.

INDIA AND CHINA.

LATEST NEWS.rYfoNEY MARKET

A.7D

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocii.
Accounts from Liverpool state that the Cotton
Market yesterday closed with more firmness, but
prices were unaltered. The sales amounted to
6,000 bales, The Railway Share Market closed
with a more animated appearance, and the values
of all the leading stocks have advanced.
The Bank returns for the week ending Wednes-
day last reveals the position of the establishment
at the period when the Government came to its
assistance. It is shown that the succour was not
afforded beforeit was imperatively necessary, for the
reserve both of notes and gold bad been more seri-
ously encroached upon than in the year 1847.
The bullion was rapidly diminished through the
large quantity of sovereigns sent to Scotland and
Ireland, as much as 2,000,0001. it is thought,
having been so appropriated. As the panic in
the North has abated, there is an impression that
these supplies will soon return, which, together
with gold from the antipodes, may quickly
place the Bank in a better position. The reserve of
notes is below a million sterling, but as the autho-
rities now have power to make additional issues,
this item does not excite anxiety. A hope is
entertained that a gradual improvement will
now set in, the strain having already relaxed
to a slight extent. The total of other
securities has largely accumulated, the aggregate
being over 26,000,0001. It appears that the Bank
has sold stock, and if the mazket had not been so
unfavourable fur such operations they would doubt-
less have been on a larger scale. The principa
items and the changes they exhibit, are as sub
joined :--
Active Circulation
Decrease ...
Bullion
Decrease

£20,183,355
83,390
7,170,503
1,327,272
Rest
Increase
Public Deposits
Increase
Other Deposits
Increase
Seven-Day and other Bills 853,075
Increase
Government Securities
Decrease 675,276
Other Securities
Increase
Notes unemployed
Decrease
The official return of the exports of precious
metals from the port of Loudon for the week end-
ing Thursday last is as follows
:
Gold Coin ... Boulogne ... 3,080 OZ9.
Silver Coin ... Boulogne ... 400 „:
~ pp ... Rotterdam ... 84,000 „
... Belgium ... 18,000 „
There is an active demand for money, but less
pressure is felt thAn was experienced before the
susnension of the Bank Act.

The Stock Exchange will be open till four o'clock
to-day, owing to the Railway settlement, and the
exciting nature of recent events.

There has been rather a buoyant market for
English Securities to-day, and a large specu-
lative business Las been transacted, at au advance
of per cent. The better news from American
land the general expectation tlakt affairs will mend,
have produced a cheerful tone, and the various
markets wear an improved aspect. Past
wants now create no little impression
upon the public mind, which seems di-
rected almost exclusively to the prospects of im-
provement. Hence the increased di cline of the
funds. The fall yesterday is easily explained ; up-
wards of 600,000/. Consols having been sold. The
prices of these securities to-day have been, for
money, 89 to 891, 891 g, 89g 4, and 89i
For account, they have been 89,i- /, 891 Z, 89i 90,
and 90 to 90k. They are now 89g auil 90i,L, I re-
spectively. The New 3 per Cents. aro 88g -1; the
Reduced 88k and Exchequer Bills have rallied
to 235. and 15s. discount. India Stock is 214.

In the Foreign Market there hare been seve-
ral transactions. Turkish Six per Cents, have
improved to 87i 88 ; the 4 per Cents. are 96 ;
Spanish Deferred, 25 to 254 ; Russian 5 per Cents.,
106 ; ditto 4i per Cents., 9G A ; and Mexican,
19 Peruvian 4, per Cents. were dealt in at
741 ; and Venezuelan 41 per Cents. at 25.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 5 6 ; Mexi-
can, 17i 18 ; Peruvian 41- per Cents., 73 75 ; ditto
3 per Cents., 50 52 ; Portugueze 3 per Cents.,
42i 43k ; Russian 5 per Cents., 104 106 ; ditto 4i
per Cents., 94 96 ; Spanish 3 per Cents., 40 40t ;
ditto New Deferred, 25 25k.
In the Railway Share Market this morning the
preliminary arrangements for the settlement of the
acwount are in progrese. A slight improvement
may be noticed in some of the principal lines.
Midland and South-Emtern improved 10s. ; E•tst
Lancashire, Edinburgh, Perth and Dundee, North -
British, and North-Eastern (Berwick), 11. Great
Western, Brighton, and North-Western, declined j
abiu t 10s. The Foreign and Colonial lines are steady.
Paris and Lyons declined 10s., and Northern of
France ss. Great ;Western of Canada have im
proved Grand Trunk of Canada 11., and Easi
India ss. to 103.

Mining Shares are at quite nominal rates.
Joint-Stock Bulk and Miscellaneous Shares
ar© fiat. Bank of Australasia have advanced
10.9., and Royal Mail Stearn declined 10s. to 1/.

BR rTISII FUNDS.—CLOSIN vita:ES—THIS DAY
(Iron) the ()Sinai List;)
Businendone.
3 per Cent. Reduced Annuities
per ()ant. Commis Annuities Bl 9
N3W 3 per Cent. Annuities B3l a 2
New 2; per Cent. Annuities
Annuities, expire Otli Jan. 1860 2 1-16 .
India Stock
UoLsolb Coricuount .....
Es :mugger 131118, 2;ci
aCO3

,:5110
exchequer Bonds, 1858, 3i por Cent 9Bi
Ditto, 1'69

PRICES OF FOREIGN FUNDS—THIS DAY.
Brazilian 5 per Cant.
uonos Ayres Bonds, 6 per Cont. B4
Mexican 3 por Cent
Ditto Account
Peruvian Bonds, 44 per Cent 743
Portuguese Bonds, 5 per Cent., Con. 1841
Ditto 1853, :; per Cent
Russian Bonds, 1A22, i: St., 5 per Cont lod
Ditto, 44 per Cont.
Ditto Small
tzp,nibh 60..d5, 3 per (3.mt.
Dittc Now Deferred, 3 per (Jew.
Ditto Account
furkien ir.iids, owe cent Si il
Ditto Guaranteed. I per Cent. (tit I
Venezuela Bonds, 4i por Cent
Dividends on the above payable in London.
Dutch Ea !hange, 24 per Caul', 12 Guilders -
Do. 4 per Cent. Certificates
T WO O'CLOCK,
Consols, mousy B9l
Consols account....
90A f .

The ion. Misses Sidney are expected in town in a
few days from a tour of visits.
BUSINESS MATTERS IN LIVERPOOL.—To such a dead
lock bad business 'flatten; arrived yesterday that the
committee of the General Brokers' Association gave
notice that they would be obliged to discontinue for
the present the issue of theit daily market reports.
Cotton, in fact, has been the only article dealt
in worthy of remark, the few trifling sales which
have taken place in produce being entirely
for prompt cash. The Couucil of the Cie/weber of
Commerce met yesterday to take into consideration the
present monetary crisis ; and it was agreed that a
deputation, consisting of the Mayor, Mr. C. Bushell
(President of the Chamber), and several other gentle.
men, should go up and have an interview with the Go-
vernment on the ?resent state of the monetary
affeirs of the country. In the course of the afternoon,
however, an unusual degree of excitement was observ-
able on 'Change, it having been whispered that a tele.
gram had been received to the effect that the Bank
Charter had been suspended. This was at first doubted
asbeing too good news to he true, but when the authen-
ticity of the report RAH placed beyond a doubt, loud
cheers and clapping of hands, which lasted several
seconds, resounded on all sides, and universal congrata-
letions were heard.
ATTEMPTED MURDER OF it WOMAN.—On Thursday
morning the inhabitants of Broad wall, Rotherhithe, were
thrown into a state of excitement in consequence ofe
diabolical attempt made by a Swedish sailur,nam d
Hans Hoffman, to murder a female named Mary Gordon,
aged 30 years. It appears some Swedish sailorsewere
the
out drinking with some unfortunate women, when
sufferer complaioed of one of the sailors making impro-
per overtures to when a quarrel ensued with the
attempted assassin, who deliberately rushed upon her
with a stiletto in his hand, and plan, ed the into
Gordon's
weapon
Gordon's neck, inflicting a severe wound, from which
the blood rushed out in copious streams. The wounded
woman was conveyed to Guy's Hospital, where she
remains in a very critical state. Three Swedish sailors
were taken to the bedside of Gordon, but ehe was unable
to identify them.
THE PANORAMA, LEICESTER-SQUARE, AND ME STRAND
THEATRE, AT THE AUCTION MART.— On Thursday Mr.
Rubins offered to public competition, at the Auction
Mart, the leasehold premises so well known as the Pano-
rama, Leiceeter-square, and the Strand Theatre ; the
former held for an unexpired term of thirty-three years,
at a ground rent of 137/. per annum, and the latter for
an unexpired term of six years, at 250/. per annum, and
let for an unexpired term of six years, at an annual rent
of 787/. ; also the room at Camden Town for painting
the panoramas, yielding 39/. 7s. 41. per annum, produc-
ing altogethera profit rent of 4391. 7e. 41, per annum.
The first offer resole WAH 3,0001., and the bids reached
5,400/. The property was then bought in at the reserved
yrice of 5,9001.