The Sun.
London, England, 1857-10-29 00:00:00

NING GC

Dittn, rrernium in England, 5 per cent di?.
GOVERNMENT SEC,TRITIR:i.-4 per cent transfer loan,
88r, 4 per cent loan t 832-33, 80r, nominal, per 100 Sicca ;
4 pair cent loan 1835-36, 81,ir, 4 per cent loan 1842-43, 81tr,
New 5 per cent loan, 91 nominal, per 100 Co.'s.
PEIOES op BULLION. Sovereign, each,
10ir ; Bank of
England notes, 2-14 r to 10r• Spanish dollars; 232 r per
100 ; Republic dollars, 220 r 'to '222r per 100 ; German
crowns, 215 r to 216 r per 100; Sycoe silver, 105ir per 100
tollas ; gold leaf (range of quality), 16ir par tolla ; gold
ing its, according to touch, for 97 touch, 16ir per tolla.
FREIGHTS.— Cotton To London, 21 5s per ton; Liver-
pool, 21 6s per ton; Calcutta, 385 to 400 rs per rass; China,
8 to 9 rs per cdy.

TROOPS IN AND AROUND DELHI.
The following is a detail of the troops, &c., forming the
force before Delhi :
Commanding—Brigadier-General A. Wilson, Artil-
lery.

Aides-de-camp—Captain Barcharcl, 20th Native In-
fantry ; Lieutenant Turnbull 75th Foot; Lieutenant
Lowe, 74th Foot, extra ; Lieutenant Low, 9th Light
Cavalry, extra.
Adjutant-Ganeral's Department—Major Ewart, as-
sistant adjutant-general; Captain Stewart, 9th Native
Infantry, deputy assistant adjutant-general.
Quartermaster-General's Department—Captain Shute,
deputy assistant quartermaster-general ;
Lieutenant
Roberts, Artillery, deputy assistant quartermaster-gene-
ral ; Lieutenant Jones, 9th Lancers, deputy assistant
quartermaster-general.
Judge Advocate-General's Department— Captain
Maisey, deputy judge advocate-general; Captain Wilson,
deputy judge advocate general.
Comissariat Department—Lieut.-Colonel Thomson,
deputy oominissary-4eneral ; Captain Sibley, assistant
commissary-general ; Captain Briggs, 71st Native In-
fantry, S.A., commissary-general ; Lieut. Waterfield,
23d Native Infantry, S.A. commissary-general ; Capt.
Grindall, Bth Native Infantry, S.A., commissary-
general.

Medical Department—Surgeon Tritton, superintend.
ing surgeon ; Surgeon Batson, field surgeon ; Assistant.
Surgeon Mactiar, surgeon to staff.
Ordnance Department—Capt. J. Young, commissary
of ordnance.
Pay Department--Capt. Tytler, 38th Native Infantry,
in charge of military chest.
Baggage Master—Lieut. D mglar, Horse Artillery.
Ecclepiastical Department—The Rev. J. E. Rotton,
Ep'scopal chaplain ; the Rev. Fred. Bertrand, Roman
catholic chaplain.
Provost Marshal—Sergeant-Major Stroud, Horse
Artillery.

Artillery--Brigadier Garbett, nommandiag ; Captain
Frith, hrigada msjnr.
Horse Artillery—Lieut.-Colonel Maokenzie, command-
ing. Troops : Ist Troop, Ist Brigade ; 2d Troop, let
Brigade (4 guns) ; sth Troop, let Brigade (without
guns) ; 2d Troop, 3d Brigade • 3d Troop, 3d Brigade.
Foot Artillery—Major Brind, commanding. Troops :
8d Company, Ist Battalion, No. 17 Battery; 3d Com-
pany, 3d Battalion, No. 14 Battery ; let Company, 4th
Battalion of details of other companies, 4'h Battalion ;
4th Company, 6th Battalion ; detachment of European
recruits; two companies new Sikh Artillery.
Enginsera—Lieut.-Colonel Baird Smith, chief engi•
neer ; Captain Chesney, brigade. Troops : Three com-
panies (or thereabouts) Sappers; 300 Sikh Sappers;
1,000 Pioneers (not armed or disciplined).
Cavalry Brigade—Brigadier Grant, 9th Lancers, com-
manding ; Captain Hamilton, 9th Lancers, brigade
major. Troops : Four troops 6th Dragoon Guards ;
9th Lancers ; 2 troops let Punjaub Cavalry ' • 2 troops
2d Punjaub Cavalry ; Lind'o Moolt in Horse ; Hodson's
Sikh Horse.
let Infantry Brigade—Brigadier Showers, 2d
usiliers, commanding ; Captain Simpson, ith Native
Infantry, brigada-major. Troops : 75th Foot ;2d
Fusiliers ; Ken:moon Battalion.

,
2d Infantry Brigade—Brigadier Longa('ld, Bth Foot,
commanding ; Captain Nicholls, 50th Native Infantry,
brigade major. Troops : 52d Light Infantry ; 60th
Rifles (6 companies) ; &moor Battalion.
3.1 Infantry Brigade—Brigadier Jones, 61st Foot,
commanding ; Captain Burnside, 61st Foot, brigade•
major. Troops : Bth Foot (5 companies) ; 61st Foot ;
Rothney's Sikhs.

4th Infantry Brigade—Brigadier Nicholson, 27th N. 1.,
commanding ; Captain Blane, 524 Light Infantry,
brigade-major, Troops : let Fusiliers ; Coke's Sikhs ;
Green's Sikhs.
Not Brigaded—Corps of Guides.
Staff of flead•quarters, kc., in Camp—Brigadier
Chamberlain, acting adjutant-general ; Lieut. Norman,
assistant adjutant-general ; Col. Beecher, quartermaster-
general ; Capt. Garstin, deputy-assistant quartermaster-
general ; Lieut.-Col. K. Young, judge-advocate-general;
Capt. Johnson, assistant adjutant-general, Artillery.—
Bombay Telegraph, Oct. 3.

NANA SAHIBS PROCLAMATIONS.
The following proclamations issued by this mis-
creant have been forwarded to us for publication.
The Ist is dated the let of July :
" As, by the kindness of God and the ikbal or good
fortune of the Emperor, all the Christians who wars at
Delhi, Ronah, Satarab, and other places, and even
those 5,000 European soldiers who went is disguise into
the former city and were discovered, are destroyed and
sent to hell by the pious and sagacious troops, who are
firm to their religion ; and as they have all been con-
quered by the present Government, and as no trace of
them is left in these places, it is the duty of all the sub-
jects and servants of the Government to rejoice at the
delightful intell►gence, and to carry on their respective
work with comfort and ease."

Proclamation dated the Ist of July and issued
by order of the Nana :
" As, by the bounty of the glorious Almighty God
and the enemy-destroying fortune of the Emperor, the
yellow-faced and narrow-minded people have been sent
to hell, and Cawnpore has be, n conquered, it is neces-
sary that all the subjects and landowners should be as
obedient to the present Government as they had been
to the former one • tbat all the Government servants
should promptly and cheerfully engage their whole mind
in executing the orders of Government i • that it is the
incumbent duty of all the ryots and landed proprietors
of every district to rejoice at the thought that the Chris-
tians bare been sent to hell, and Loth the Hindoo and
Mahomedan religions have been confirmed ; and that
they should as usual be obedient to the authorities of the
Government, and never to suffer any complaint against
themselves to reach the ears of the higher authorities."

TEE MONK

The one day latter &deices from New York yes-
terday morning fully confirm the anticipations ex-
pressed yesterday regarding the effect of the bank
suspensions. No new failures are announced. One
or two of the most important houses that had pre-
viously stopped had resumed business under an
extension from their creditors. The rate of exchange on
England had advanced from 100 to 108, and in all the
principal speculative stocks there had been an average
recovery of 10 per cent. This result, moreover, had
taken place before there had been time to perfect in any
way the arrangements necessary to the working of the
new order of affairs: The banks, for instance, could not
make any general expansion, because they had not yet
agreed as to the mode and proportion in which they
would receive each other's notes. Specie was still re-
quired at the clearing-house for their respective balances
at the end of each day, and hence each was afraid to pot
out notes lest the others should not do so to a similar
extent. Practically therefore the only aid the merchants
had yet received consisted in the relief from increased
pressure, and in the conviction that the restoration of
mutual action among the several banks in all parts of the
State would remove the paralysis which bad rendered it
impossible for remittances to be made or produce to be
transported from one centre of business to another. The
Metropolitan Bank, the third in the list as regards the
amount of its deposits, and two others of considerable
magnitude had already notified that they would receive
at par the notes of all the legitimately organized banks
in the State, and a meeting was to be held on the even-
ing after the departure of the present advicea to bring
about harmonious action in this respect. Upon
that point being arranged, and a decision adopted
as to the extent to which each bank should be per-
mitted to expand its circulation, the transactions
of commerce might be expected to return to their
ordinary channels, and, as delay would be fraught with
mischief, it may be assumed that all parties would act
with promptitude. The Fulton, therefore, will pro-
bably bring intelligence on Friday that the entire note
icauss of the State of New York are again performing
the function: of currency. This effected, the exchange
transactions with other States will simply depend upon
the estimate entertained of the security of their indi•
vidual banks, and of the period at which such of them
as •have suspended may be expected to resume specie
payments. In the case of the Pennsylvanian banks the
discount seems at the last date to have been 6 per cent.
These quotations will vary from day to day, but busi-
ness will adapt itself to them with perfect ease and
regularity. Throughout the Union, therefore, there
will again be complete facilities lot the movement, of
merchandise and the settlement of accounts. On the
question of the course of exchange between Europe and
America the view is equally clear. When the New
York note circulation shall have been legalized as a
tender no one will want gold, except for the purpose of
exportation and hoarding, and any remittances from this
side would therefore inevitably result in loss. Suppos-
ing the paper issues of the banks, which are all based on
the security of State stocks, to be kept, as there is little
doubt they will be, within limits not exceeding the ac-
tual requirements for carrying on the internal trade of the
country, this paper will be maintained at par—that is
to say, it would be taken for its equivalent in
English sovereigns or American eagles. If on the
other band, it should be issued in excess it
would fall to a discount as compared with gold or bills
on London, and the result would be that English sove-
reigns and gold generally would flow to this side. With
the excess of paper issues prices would nominally ad•
vance and importation of foreign goods be again stimu-
lated. The holder of gold would not pay it to his
neighbour, because he could legally discharge his debt
by bisnk notes, but would take !t to a money-changer,
who would give him in these notes a number of dollars,
perhaps equivalent to 21s. or more for every sovereign.
This gold would then be sold by the money-changer to
persons having payments to make to England, and the
process would go on till the country had been thoroughly
drained of all its specie. The idea that henceforth bullion
can be profitably sent to America is therefore imply
absurd. Such an operation could not take place unless
the inconvertible note circulation of New York were to
et.nd a higher value than gold itself. It is true that
gold might be sent out by houses on this side to bay up
bills drawn upon themselves, and whicb, owing to their
being in discredit, bad become purchaseable greatly
below par; but the method would be clumsy, even in a
transaction of this kind, since they could pay the gold to
some London house of unquestioned standing and so
obtain a New York credit which would be just as avail-
able. The conclusion consequently is that, supposing
all the arrangements for legalising the existing suspen-
sion to be duly carried out, the flow of bullion will, in
the coarse of a month or two, find again its natural
channel, and, instead of passing from London to New
York, will come from New York to London. Almost
all the American payments from America to India
and China are made through this country, and the
mining wealth of California likewise is expended in the
purchase of European goods. There is constantly,
therefore, a natural balance due to us from the United
States, and an alteration of this condition of affairs must
at all times be utterly anomalous. For the present the
return to a normal condition will be delayed by the facer-
mous amounts of English capital lately authorised to be
drawn for at New York for investment in American
securities at their depreciated prices ; but this effect will
be merely temporary, and it will tend, moreover, greatly
to facilitate the revival of stability in that city, and to
maintain its note currency at par value. Hence there
will be no danger of hoarding, and the banks between
now and the sth of April will have not the slightest
difficulty in recovering whatever stock of bullion may
be requisite for them safely to return to cash payments.
Under these circumstances there will be good hope that
a majority of those among the firms lately broken by
tens aid hundreds who have previously conducted their
business on honest principles will be able to resume, and
that the ultimate prospects of creditors on this side will
prove far lees gloomy than has been recently appre-
hended. This will be a point to test the honour. of the
American mercantile community. In Massachusetts
there are stringent bankruptcy laws, but there are none
in New York, and any house that has suspended can
easily force its creditors to any kind of settlement. If
the recovery from the crisis should be characterised by
a faithful resumption of obligations, the credit to the
community will be proportionably strong, and, judging
thus far from every communication received, there is not
a single sign that an opposite course is likely to be pur-
sued.