The Sun.
London, England, 1857-02-03 00:00:00

THE SUN, LONDON, TUESDAY EVENING; FEBRUARY 3, 1857.

THEATRE - -,YAL, DRURY LANE.
T 3ir. E. T. Smith.
Acting M9.r u. Mathews. Stage Manager, Mr. R
Rc , •is Artist, Mr. W. Beverley.
The emine , .. ~ , , Mr. Charles Mathews, every evening.
Great S.:cetn.s of the Grand Christmas Pantomime, the
most magnificent ever produced on the English stage.
THIS EVENING, her Majesty's Servants will perform an
e' tirely new three-TA Drama, entitled
E BLACK BOOK.

After which will be produced an entirely new and original
symbolical, hyperbolical, parabolical, and extra-physiog-
nomical grotesque, statuesque, and picturesque Grand Comic
Christmas Pantomime, which for some time past has employed
the unrivalled resources of this extensive establishment, and
which will be called or entitled, as it is entitled to be called,

SEE, SAW, MARGERY DAW ;
Or, Harlequin Holiday, and the Island of Ups and Downs.
The scenery entirely new, painted by and under the direc-
tion of Mr. William Beverley and numerous assistants. The
machinery by J. Tacker and assistants. The properties, de-
corations, tricks, changes, and transformations by Messrs..
Needham, Glindon <Ste. The masks, models, and physiog-
nomical devices designed and executed by the celebrated
Dykwynkyn. The overture and music composed and arranged
by Herr Anschuez. The choregraphic arrangements under
the personal supervision of M. Petit. The comic scenes con-
structed by and under the direction of Harry Bolen°. The
peculiar grotesque opening invented and written by E. L.
Blanchard, author of " Harlequin and the Seven Ages of
Man," " Jack and Jill," " Humming Top," " Hudibras," d2c.,
and the whole arranged and produced under the direction of
Mr. Robert Roxby.
Ye anciente and truthful legend on ye which ye pantomime
story is founded :
" See, saw, Margery Daw,
" Sold her bed, and laid upon straw."
MSS. of Nursery Rhymes in British Museum.
it3gion of Reverses, in the Island of Ups and Downs. " Yea,
the Great Globe itself."

.4 Here we go up, up, ttp,
Here we go down, down, down ;
Here we go backwards and forwards,
" And here we go round and round."

Juvenile Chorus of the earliest period, supposed to belong to
the One. Up, Mr. Topham ; Down, Mr. Low ; Opera-
hex, Kid Glove, Tiger and Brougham, and Porte-monnaie
(attendants upon Up), Signor Lorgnette. Herr Tightfitt,
Master Saucebox, and Monsieur Chinque ; Hard Up, Dupli-
cate, Distraint, and Rags (attendants upon Down), Mr. Friz-
hard, Mr. Popall, Mr. Quodham, and Mr. Patchwell. An-
nual appearance of Holyday in her Emblematic Car. Holyday
(the Genius of the Season), Miss Marian Stanley ; Sport and
Pastime (her attendants), Misses Lovelangh and Lightheart ;
Dame Necessity (who is on this occasion made a virtue of by
particular desire), Mrs. Selby. How Invention, the Daughter
of Neeessity, is called upon to assist the development of the
story, while Holyday nvites both Up and Down to enjoy
themselves. Holyday's Home in the Green Bower of Mistletoe
and Winter Garden of the Fairies.—Mistletoe (the Fairy
Queen), Miss E. Wadham ; Fairy Spirits of the Kisses that
have been given under the Mistletoe, by upwards of 100
Ladies of the Corps de Ballet. Grand Ballet —Miss
Rosina Wright, Mdlles. J. and E. Osmont, and the Co-
ryphees. The Golden Gates leading to the Palace of
Huggamugga.—Herald (with a Proclamation), Mr.
Hornogold ; Guards, Messrs. Stiffneck, Headsup,
Eyesright, Sheulderarms. Stand-at-ease, and March-
well ; Tailor, Mr. Broadcloth ; Cobbler, Mr. Waxend ; Black
smith, Mr. Anvil ; the Princess Margery Daw (afterwards
Columbine), Madame Boleno ; Shilly and Shally (her Maids
of Honour), Misses Dithery and Dothery. How Margery
Daw has no notion of work herself, and the contempt she
shows towards those who do work. Interior of the Palace of
King Huggamugga. King Huggamugg-a. (Sovereign of the
Land of Sixes and Sevens), Mr. Dawking ; Huryl-Burly (Lord
Chancellor), Mr. Bigwig ; Niminy-Piminy (the Lord Cham-
berlain), Mr. Noodledom ; Higgledy-Piggledy (Goldstick in
Waiting), Mr. Muddle ; other Members of the Court, Messrs.
Bow, Scrape, Cringe, Crouch, Tagrag, Merrywag, Perriwig,
and Hatband; Court Milliner, Madame Crinoline ; Drawing
Master, Professor Crayon ; Governess, Miss Frump ; Music-
Master, Signor Hurdigurdi ; Maid in Waiting, Miss Sweet-
timper; Chef de Cuisine, Mr. Cook : Prince Popinjay (of
the Land of Prettistory), Mr. Finefeather ; his Retinue,
efessrs. Glare, Dazzle, Gleam, Glitter, and Cutashine. How
the Princess is taught a wholesome lesson by Necessity, and
of the change that takes place in consequence. Cottage of
Necessity, with a Prospect of Hard Work in the Distance.
The Enchanted Workbox—The Sampler and the Exemplar,
and the pretty piece of work that Margery Daw makes of it.
Inhabitants of the Workbox :—Row of Pins, Messrs. Sharp,
Bent, Crooked, Pinaday, Groatayear, &e. ; Regiment of
Needles (ready drilled), Messrs. Largeeye, Smalleye, Longsix,
Splitup, Snapoff, &c. ; Thimble, Master Tom Thumb ;
Worsted, Mr. Bawlavray ; Bodkin, Mr. Pierce ; Tape Mea
sure, Mr. Inchbald; Hook and Eye, Messrs. How and Some-
bodyelse ; Shirt Buttons, Mr. Earlypurly ; Scissors, Mr.
Shearsteel. How Margery Daw makes an important discovery
and the andlenee also, and how, led by Necessity, she is com-
pelled to alter her opinions and change her position. The Mine
of Labour, leading to the Mine of Wealth.—Labour (the Parent
of Health, Wealth, and Hanpinees), Mr. Strong'i'th'arm.
What Margery Daw goes to see, what she saw, and the re-
ward that Holyday bestows. Grind Scenic and Mechanical
Effects, exhibiting (in processaf construction) the Fairy Fac-
tory of Fancy, completed with th e assistance of Labour and
Imagination. Brilliant Tableau. The Transformation :—Two
Harlequins, Herr Devlin and Signor Veroni; two Sprite;
the Brothers Elliott ; two Pantaloor s, Mr. Barnes and Mr. G.
Tanner; two Clowns, Messrs. Harry Boleno and Flexmore ;
the Gent, Mr. Halford ; two Columbines, Madame Boleno
and Miss Honey. The Ups and Downs of the Harlequinade,
showing the Ins and Outs and Turns About of the Pantomime
Rally ; Toy Warehouse, Butcher's and Baker's Shop
(Bolenos, Deulin, Tanner, and Halford).— A pink of polite-
ness—Clown very toyieh—Getting a nutcracker, which turns
out a nobby toy—First and last toys for gambling—Marbles
versus dice—Despatches, loaded, and off they go—Harlequin
takes a private box—Clown takes Chatterton's situation as
boxkeeper Kite-flying—A game of Cricket, by which some
of the players get bowled out, and afterwards stumped,
which turns out along stop—The uses and abuses of the crin-
oline A Jack in the box—A. box of regular British toys and
a basket of French bread (bricks)—Aldershott a size smaller
—Grand review of infantry—A military ball—Going in for a
buster—Coming out with a roll—Clown make a peel ta
baker's feelings—List, oh, Liet—Squaring a round of beef—
Clown takes a steak and gets a chop in return—Pantaloon
tries his hand at a game and loses by it Cut and come again
Clown takes a butcher's shop, which Harlequin makes too
bet to hold him. Tailor's Shop and Perfumery Warehouse (re.
roni, Barnes, and Honey). A gentleman in search of a tailor—
A' suit that is quite the ticket The Oude wrapper—Railway
wrappers--Transfer depot--Washing machine--extraordinary—
Something that won't wash—Cleaned out—Soent in and sent out-
Foreign versus English toothpowder —Hungary water—A
Frangipani bouquet Wonderful effects of the Pistachio nut-
powder A case of real distress—Pantaloon in a fix—Fur-
nished Apartments for Single Men (Bolenos, Deulin, and
Tanner).—Clovra and Pantaloon in high life A domestic re-
volution—Turning the tables—To bed, to bed A drop• too
much Clown nowbegins to reflect—The looking-glass follows
his example—Two heads better than one—Clown takes a turn
on the sofa, which also takes a turn on its own account—
Multiplication altercation, which ends with a regular row in
the house. Jndkia's Gas-regulating Machine and General
Patent Office and Stationer's Shop (Veroni, Barnes, and
Honey.)—Clown, being in Fleet-street, goes the pace rather
fast—The language of the eyes (Malian of course) which
everybody understands—Bath post versus London post—Re-
gulators Wanted : railway regulators, army regulators, gas
regulators, smoke regulators—Sewing, cutting, washing,
pressing, and ironing done by a turn—Clown makes a shift
which makes Pantaloon a little shirty—A box of common
scents—A fresh supply of blacks from America—A Dred-ful
scene ensues. Mechi's Model Farm (Bolenos, Deulin, and
Tanner.)—Harvest-home —A rakish dance by rustic lads and
lassos—The milky way ?Harlequin makes a pump of himself
—A strong smell of game—A farm-yard visitor—Clown finds
the pig a very great bore—Pantaloon finds the dog gets
greatly attached to him —Prize Poultry—Cochin China and
couch in England —Novel hatching—The old mail—Full in-
side- Clown eff by the Express and Pantaloon by the
Rocket—Mappin's Cutlery and Shilling Razor Warehouse,
King William-street, City (the whole of the double
company will appear in this scene.)--Pantaloon proposes
to take a bus—Present and future—Weight of public opinion
—A change for the better—The people's own bus—When
fool meets fool then comes the tug of fun—Collision, crash,
smash, and dash—Garotte preventive—Moustache move-
ment*=2A pair of sharp lslades—Clowns prove themselves a
case for cutlery Holloway stopped by Holloway's oint-
ment—The duel—A cut direct—Forewarned, forearmed—
Public nuisances of 1856—0 h, my Crinoline—A high wind,
a regular blow up, and glorious termination to Ups and
Downs in Holiday's Fairy Homo.
The reduced prices as follows, varying throughout the
house to suit every one:—Galleries, ed. and ls. ; Second
Circle of Boxes, ls. ed. ; Pit, 2s. ; First Circle of Boxes,
2s. 6d. ; Dress Boxes, 3s. ; Stills, ss. ; Private Boxes,
10s. 6d., 11. Is., E. lls. 6d., and 21. 2s.i
A Morning Performance of the Great Pantomime every
Wednesday, at Two o'clock.

ROYAL LYCEUM THEATRE.
Lessee, Mr. C. Dillon.
?MS EVENING will be produced an entirely new and
original combination of burlesque and pantomime, entitled
CONRAD AND MEDORA;

or, Harlequin Corsair and the Little Fairy at the -Bottom of
the Sea. The burlesque opening by W. Brough, Esq.,
founded upon the ballot of Le Corsair, as produced at Her
Majesty's Theatre. The harlequinade upon things in gene-
ral. The new and magnificent scenery painted by Mr. F.
Fenton. Characters in the opening :
Conrad (the Corsair) Miss Woolgar
Birbarto (his lieutenant) Mr. J. L. Toole
Seyde Pasha Mr. Barrett
/sing Smaul Mr. Holston
Yussift Mr. S. Calhaem'
Med ora Mrs. Charles Dillon
tlnlnar
Zuliem
Submarine Miss Jessie Ryder
Serous. Miss Marie Wilton
Clowns Mr. Tom Matthews awl
Mr. H. Marshall
Mr. Stilt
Mr. J Marshall
The Brothers Nelson.
Miss Clara Morgan and
Miss Ladd.
To be preceded by THE KING'S MUSKETEERS. D'Ar.
tagnan, Mr. C. Dillon.
The box-office open daily, from- 11 to 5, under the super.
ntendenco of Mr. Chatterton, jun.
Carriages conveying parties to the Private Boxes to set
down at tho State entrance in Burleigh-street.
A morning Performance every Saturday, at 2 o'clock.

Pantaloon
Harlequin
Si rites
Columbines

TRAND T HEAT RE.—Manager, Mr. T.
Payn o.—Th is Evening will be performed
DON'T LEND TOUR UMBRELLA.
Followed by (second time) THE ANTI-GAROTTE.
After which, the immensely successful novel Burlesque
Pantomime of THE MAGIC MISTLETOE ; or, Harlequin
Humbug and the Shams of London. The Fairy Christmas,
Miss E. Wilton ; Good Humour, Miss Norhury; Mercury,
Miss Cameron ;
Humbug, Mr. Herbert ; Cant, Mr. Bolton ;
Baron, Mr. J. B. Johnstone ; Sir Roland, Mr. Clarke ; Lord
LoveL, Miss Craven ; Addelpate, Miss Cuthbert ; Crambo,
Master W. Edouin ; Lady Aenes, Miss E. Jacobs ; Baroness,
Mr. G. Lee ; Furbilosa, Mr. J. Howard. Novel Harle
4uinade :—Clown, Miss Cuthbert ; Little Clown, Master W
Edouin ; Pantaloon, Mr. J. Clarke ; Harlequin, Miss Craven ;
Columbines. Miss E. ;lambs and Mdle. Collison ; Premier
Dausense, Mdle. Marie Charles.
New and magnificent Scenery, dre. New Curtain• New
Act Drop.
Commence at Seven. Stalls, 3s. ; Boxes, 2s. ; Pit, Is. ;
Gallery, 6(1.
A morning performance of tlie7antomime every
Monday
at two o'clock

ROYAL PRINCESS'S THEATRE,
THIS EVENING will be performed
A MIDSUMMER NIGHT'S DREAM.
After which, a new grand Christmas Pantomime, called
ALADDIN AND THE WONDERFUL LAMP;
or, Harlequin and the Genii of the Ring. Harlequin, Mr.
Cormack ; Clown, Mr. Huline ; Pantaloon, Mr. Paulo; Co-
lumbine, Miss C. Adams.

/THEATRE ROYAL, HAYMARKET.
1 THIS EVENING, to commence at Seven,
THE SCHOOL FOR SCANDAL, with Mr. Murdoch as
Charles Surface ; Sir Peter Teazle, Mr. Chippendale ; Sir
Benjamin Backbite, Mr. Buckstone ; Crabtree, Mr. Compton;
Joseph Surface, Mr. Howe ; Sir Oliver Surface, Mr. Rogers ;
Moses Mr. Clark ; Sir Harry (with a song), Mr. W. Farren ;
Lady Teazle, Miss Reynolds ; Mrs. Candour, Miss Talbot ;
Lady Sneerwell, Mrs. Poynter ; Maria, Miss E. Sabine.

After which, a new comic Christmas Pantomime, entitled
THE BABES IN THE WOOD, or Harlequin and the Cruel
Uncle. The scenery of the opening story painted by Mr. W.
Callcott. The pantomime produced under the direction of
M. Milano. Harlequin, NI. Milano ; Columbine, Fanny
Wright; Pantaloon, Mr. Mackay ; and Clown, Mr. Driver.
A Morning performance of the Pantomime will be given
every Thursday : commencing at 2, concluding at 4.

THEATRE ROYAL, ADBLPHI.
Lessee—Mr. Ben. Webster.

Great Hit of A Night at N otting-Hill.

THIS EVENING, will be performed BORN TO GOOD
LUCK. Mr Barney Williams.

After which, A NIGHT AT NOTTING-HILL, in which
Mr. Wright and Pail Bedford will appear.
Foilowed by OUR GAL. Mrs Barney Williams
To conclude with the new and original union of modern
burlesque and old English pantomime (as originated
at this theatre), by Professor Wordspinner, Member of Every-
thing, with entirely new scenery, dresses, transformations,
ace., called
MOTHER SHIPTON ;

or, Harlequin Knight of Love, and the Enchanted Whistle.
Harlequin and Columbine (h la Watteau), Madame Celeste
and Miss Wyndham ; Clown, Mr. Garden ; Pantaloon, Mr.
Moreland; Scaramoueh, Mr. Le Barr. Characters in the bur-
lesque by Mr. Paul Bedford, Mr. J. Bland, Mr. R. Romer,
Madame Celeste, Miss Wyndham, Miss Mary Keeley, Miss
Kate Kelly, Miss Arden, &c.

LOYAL SURREY THEATRE,
Lessees, Messrs. Shepherd and Creswiek.

THIS EVENING, an original play, in three acts, entitled
A BIRD IN THE HAND WORTH TWO IN THE BUSH.
Roderick Praiseworthy, Mr. Shepherd.
After which, HARLEQUIN AND THE SUMMER
QUEEN. Harlequin, Mr. F. Glover ; Clown, Mr. Buck ;
Pantaloon, Mr. Bradbury; the Four Sprites, the Fillis
; Columbines, Mesdames Marie and Agnes.

THEATRE ROYAL, SADLER'S-WELLS
Under the Management of Mr. Phelps.

THIS EVENING, will—be performed CORIOIANDS.
Characters by Messrs. Phelps, Marston, Robinson, Ray, dzc ,
and Mesdames Atkinson, Eburne, and Marston.
To conclude with the pantomime, THE GENIE AND
THE FISHERMAN.

I_,TROYAL OLYMPIC THEATRE.
Lessee, Mr. Alfred Wigan.
THIS EVENING, DELICATE GROUND. Messrs.
G. Vining and Leslie ; Mrs. Stirling.
A new Fairy Extravaganza, by J. R. Planche, Esq.. called
YOUNG AND HANDSOME. Messrs. F. Robson, Rogers,
Leslie, G. Cooke, Danvers. Misses Swanborongh, Thiriwall,
St. Casse, Castleton, Bromley, Maskell, and Mrs. Melfort.
After which, CRINOLINE.
Commence at half-past Seven.

A STLEY'S ROYAL AMPHITHEATRE
I_A_ Lessee and Manager, Mr. W. Cooke.

THIS EVENING the equestrian comic pantomime, PAUL
PRY ON HORSEBACK, which (this Week being devoted
to the Juveniles and Country Visitors) will each night be
played first. The comic vagaries of the Grimaldi Horse are
indescribable.

After which, the SCENES in the CIRCLE.
To conclude with KATHERINE AND PETRUCHIO
Petruchio, Mr. James Holloway.

Commence at seven o'clock. Dress Boxes, 4s, ; upper
Boxes, 3s. ; Private Boxes, from 11., no charge f.r booking ;
Pit, 2s. ; Gallery, ls. ; Upper Gallery, 6d.
Rox.office open from Eleven till Four. Stage Manager,
Mr, W. West. Equestrian Director, Mr. W. Cooke, jun.

CANTERBURY HALL, Westminster-road.—
OPEN EVERY EVENING.—The follow-
ing company of Vocalists are engaged for the performance of
Selections from all the popular Operas, Madrigals, Choruses,
Glees, Duets, drc., viz. —Miss E. Pearce, Mrs. J. Caulfield,
Miss Brunell, Miss Summers, and Madame Marietta ; Mr. J.
Caulfield, Herr F. Jonghmans, R. Grover, T. Farrant, S.
Jones, J. Barker, W. Melling, P. Corri, Senor Antonio M.
de Solla, and E. L. Hine ; Masters Austin, Bennett, and
Corri; Messrs. Sam Collins, E. Mackney, and C. J. Wilkins.
Piano forte, J. Harroway, R. A.; harmonium, J. Caulfield, j un. ;
director, Mr. J. Caulfield. Commence at Seven o'clock pre-
cisely, Suppers, dm., until twelve o'clock. Mr. C. Morton's
Annual Full Dress Ball will take place on Wednesday, Feb.
18. Gentleman's tloket, 7s ; lady's ditto, 5s ; double ti cket
(lady and gentleman or two ladies), 105.

HIGH. WATER AT LONDON BRIDGE.
Tins DAY—Morn. !54 rain. aft. 7—Evening 26 mie. in.
To-Moßsow—Morn. 6 min. aft. 9—Evening 47 min. aft. 9

TEE WEATHER—Si:TN OFFICE, FEBRUARY 3.
THERMOMETER, IN THE SHADE.
40 —highest since noon yesterday.
32—lowest this morning and during the night.
35 —this day at noon.
BAROMETER, 2917.
WIND, N.—Light, with hard frosty weather.

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LO`;PON, TUESDAY, FEBRUARY 3, 1857.

Shorn of its customary splendour by the absence
of Her Most Gracious MAJESTY-the Opening of
Parliament has been duly and dully accomplished
to-day, by Commission. It has latterly, and it must
be allowed rather ingeniously, been discovered by
Ministers to be (somewhat conveniently) unpolite
to anticipate in any way the Royal Speech, usually
known as the Speech from the Throne, prior to
its actual delivery in the hearing of the Legisla-
ture. A tolerably tantalising appeal this, to the
suaviter in medo of our morning contemporaries
—to their loyal sense of those scarcely definable
amenities and courtesies, which are, under any
circumstances, of course, peculiarly befitting the
hubject—whatever his post, his party, or his
principles—in relation to his Sovereign. Our-
selves, the matter can hardly be regarded as
afecting in any manner whatever—even inci-
dentally. Our allusions to the Royal Speech
appearing simultaneously with the Royal Speech
itself ! So that in our reference to the QUEEN'S
Oration we can point to the actual text of that
Oration as published " in full " elsewhere in the
very same impression of this newspaper. It will
be there observed, in regard to our Foreign Rela-
tions, that appropriate mention is made of the
settlement by the late Paris Conferences of the
very last differences which remained pertinaciously,
until, as it were, but yesterday, between the
Russian AUTOCRAT and the Allied Governments.
Allusion will be found, moreover, in the same
comprehensive document, to the arrangements
recently made, or speedily to be completed, with
the Siamese authorities, and with those of the
Republican Administration at Washington. Re-
ference, as a matter of course, being in no way
forgotten, to the new Asiatic Wars into which thu
British Empire has been dragged by the pride,
the petulance, or the ambition of the Courts of
Pekin and Teheran. The Persian War—arising
out of the lawless occupation of Herat—having
been already happily signalised on our side by
the seizure of Karrak and the capture of Bu-
shire. The Chinese War—originating in the arro-
gance of the Canton Governor—having been no
no less promptly avenged, thanks to the vigour of
the British Admiral in those waters, by the bom-
bardment of the city and the dismantling of its
fortifications. The attention of the country will
be found also to have been very judiciously
directed to such minor themes of international
interest as the pause in our diplomatic relations
with the Government of the Two Sicilies, and the
probable close, before very much longer, of the
miserable Neuchatel Difficulty, its probable settle-
ment, that is to say, by the reconciliation of the
conflicting views entertained in regard to that
Berwick-upon-Tweed of Continental Principalities
by the monarchical ambition of Prussia and the
federal ambition of Switzerland. As to the sub-
jects affecting ourselves more particularly—it will
be seen how much stress is naturally laid
by the Crown upon the projects of Law Reform

the effect of the new law," occasioned all the
mischief. These " apprehensions," in fact, pro-
duced the panic. The moment that they were
alleviated by its suspension, the evil at once ter-
minated. " All harm appeared to have ceased on
,he issue of the letter" (of 25th October, 1847),

said the Governor of the Bank. "We did not so
much want the money, but we wanted a certainty
that if Vie did 'want it we should get tit." On
" Merca,tor's" own showing, therefore, the panic
was, as declared by the Lords' Committee, " mate-
rially aggravated by the statute ;" and provided
the result was produced in consequence of its
operation, it signifies little what might be the
particular node in which it was effected. Besides,
if " Mercator" is now correct, what becomes of
the assertion that the Act prevented the possibi-
lity of any mismanagement on the part of the
Bank from endangering the convertibility of the
Bank note I

In following up his argument " Mercator"
makes other very damaging admissions. He de-
clares that " danger from undue exhaustion of
the bullion is the evil against which the Aet under-
takes to protect the community, against an im-
proper exhaustion of the Banking Reserve, and the
consequent inconvenience it is the duty of the
Bank of England to take timely and effectual mea-
sures of precaution !" But if the Reserve be ex-
hausted through any mismanagement, how can
the convertibility of the note be maintained. The
Bank has not merely to pay its notes on demand,
but also to answer all cheques drawn against
bons fads depositors. The payment of the latter
is as sacred a duty as of the former. Let us,
then, see what this bullion must answer in cases
of emergency. Let us suppose, for argument
sake, that there is ten millions of specie in both
departments—which is more than we have recently
had, and very nearly the present amount, accord-
ing to the latest returns—against this the Bank
issues notes to the amount of 24,475,0001., and
its deposits, public and private, average some
15,000,000/. or 16,000,0001. more. Here there
are forty millions in round terms to be paid
with ten, or little better than ss. in the pound
for its creditors, or supposing that the bullion was
exhausted to eight millions before the exhaustion
of the Reserve, there would be thirty-eight to
be paid with eight, or little more than 21 per
cent., or some 4s. 24d. in the pound. We need
scarcely remind our readers that, in case of stop-
page, all the creditors, whether note holders or
depositors should be paid pro rata. What, then,
would become of the boasted convertibility of the
Bank note, when a beggarly dividend of 4s. 24d.
—less than that already paid to the creditors of
the Royal British Bank—could alone be obtained!
It is obvious, then, that the Act is totally ina-
' dequate to accomplish that which professes to be
its soda object ; for " Mercator " declares that its
" framers and supporters never undertook to regu-
late the rate of interest." Why, then, when it
confessedly fails in tots, should the nation submit
to the most painful calamities for the purpose of
depriving the industrial population of their legiti-
mate profits for the benefit of the usurers and
extortioners, who are not contented to obtain less
than 8 or 10 per cent. interest for the pecuniary
accommodation required for carrying on the trade
and commerce of the country!

" That is not according to Coma." Such is
the expression by which a straightforward Eng-
lishman indicates his perception of some palpable
trick—some unfair advantage attempted to be
taken. " The facts and figures" of the hard-
headed arithmetician foil the most ingenious de-
vices of those who attempt to live by their wits
rather than by honest industry. In business
places—" Where merchants most do congregate"
—such an appeal is invariably successful. The
" dodge" is at once disposed of, and the parties
deal on more equitable terms, or not at all. It
would be fortunate, indeed, for the country if the
legislative "Jeremy Diddlers'' could be dealt with
in a similar manner. The gross inequalities of
the iniquitous Income Tax would, in such case,
speedily be rectified—we should not long witness
the anomaly of charging the same amount on the
precarious and transitory profits of industry—and
the certain and permanent incomes arising from
the possession of a sum in the public funds, a
well circumstanced real estate, an eligible mort-
gage, or the stocks and shares in public com-
panies—all of which have an immediate tangible
value, and may be converted into money without
trouble or difficulty. Should any financial
minister attempt to justify the manifest absurdity
—the " pettifogging quibble"—for there are
"pettifogging quibbles" in relation to the assess-
ment as well as to the duration of the tax, would
be summarily condemned by energetic shouts
from the Opposition and independent benches of
" That's not according to Coc Lint," and the cry
would reverberate loudly from every district
throughout the length and breadth of the land.
The appeal to " COCKER" must ultimately pre-
vail, but unfortunately the matter has to be
decided, in the first instance, by the privileged
classes, whose prejudices and interests
are alike opposed to anything approxi-
mating to an equitable adjustment of
the impost Quod voiumus facile credimus.
Men of large fortune are easily induced to believe
that they are acting fairly iu charging their strug-
gling neighbours at a rate tenfold that which they
are themselves required to pay. The specious
fallacies of the Minister are listened to with ear-
nest attention. " The still small 'voice" is
silenced for the time being—although it will even-
tually speak trumpet-tongued—and a vote is
triumphantly carried continuing the impost ac;:ord-
ing to the existing system, because some Minis-
terial special pleader can show that there is some
trilling inequality between earnings of a similar
class, and that the thousands of the leaders of the
learned profession, or the merchant princes of
England, afford as great a contrast with the petty
receipts of struggling practitioners or small trades-
men, as that between income derived from pro-
perty and from the earnings of industry.
We do not deny the distinction between the
receipts of Sir FREDERICK TIESIGER and Mr.
DuNur—of Messrs. BARCLAY and PERKINS, and
the retailer of beer. But there is one invariable
test—What can be obtained at the nearest Auc-
tion Mart for the good-will and stock in trade!
The library of tie Eminent Advocate commands a
money value, although few could wield the wand
of the Enchanter. But a trifling accident, a dis-
ease occasioned by unremitting study, may, at any
moment, prostrate that gigantic intellect, and
render him perfectly helpless—altogether depen-
dent on what ho had laid aside as a provision for
the evening of his life, or for his family when
deprived of his protecting care. But these accu-
mulations would, in every instance, be reached Iv
the tax-collector. The fortunate practitioner
pay on his savings, and that is all that r mould
be required. The case of the great practitioner
'
-ould fairly
be even more simple. Imm, zirewere would
vested. The goodwill of 4. ,nse capital is in-
business has a tan-
gible value that could easily ,
if the tax w oe ascertained, and
we have no hesitatir Al in
that the eminer"c firm expressing our conviction
could make a just return
ere levied on the capitalised value of

and the prospects of Sanitary Improvement, and the
schemes of comprehensive amendment entertained
in regard to the great problem of Criminal Legis-
lation. It cannot, of course, be surprising to note
some degree of satisfaction expressed at the signal
evidence of our interral prosperity, in the magni-
ficent advance in the value of our exports, within
the brief period of th 4 last twelve months, by no
less an amount of increase than some 30,000,000/. !
Any more than it can be deemed matter of asto-
nishment that Ministers should, indirectly, by the
lips of the SOVEREGN, through the medium
of Her MAJESTY'S Commissioners bid the
Lords and Commois of the Realm to their
annual task of legislation, with words of good
omen, and of happyencouragement. Monarchi-
cal snavities of this kind are, after all, no more
than the merest Miiisterial commonplaces, The
SOVEREIGN being constrained, for the most part,
to talk simply in the old official language of
compliment. For—a solecism, and something
more than a solecism, it would be most assuredly
where the Legislatue commended to the annual
banquet of the Session, with the cynical grace of
• an ATBIANTEI7S.

The feverish excitement displayed by " Aferect-
to r" and his disciples sufficiently indicates their
serious apprehens.ons that the present Session
will be signalised by the complete revision, or
total abolition of the Bank Charter Act of 1844.

Week after week the putative parent of that most
impolitic %nd calamitous measure rushes into print
in defence of his pot theory. In his eager defence
of the impugned principle, he not only ignores the
evidence given by men far more competent than
himself tc form a correct opinion, but also facts
within the experience of every unprejudiced per-
son of ordinary capacity. He even contradicts his
own testimony, given before the Lords' Committee
on the causes of the mercantile distress in 1847,
and the able and well-considered Report, which
still remains on record, and which, we hope and
believe, is still destined to produce very import-
ant results; notwithstanding the protracted period
during which it was shelved, through the arts and
influence of the moneyocracy. lie harps inces.
santly on cne`string. The dearth of capital—i.e.,
of gold—iE still the cuckoo cry. On that he rings
the changes, endeavouring to perplex and mystify
those whc will not take the trouble of thinking for
themselves, and who fancy that, because a man
has accumulated an immense fortune by the use
of paper money, or "worthless rags," according to
the cant of the bullionists—which he now seeks to
double, by imposing difficulties in the way of
others in the pursuit of competence—he must
necessarily be an unexceptionable authority in all
matters relating to currency and the circulating
medium.

"My son, you have ruined the country,
but you have doubled your own fortune," said the
first Sir ROXERT PEEL, when the fatal Act of 1819
received the legislative sanction. "Mercator"
experienced a similar benefit at the like cost, and
he still aims at a further enhancement of inordi-
nate wealth that might content the most grasping
cupidity, heedless of the consequences to millions
of his countrymen. Like DIONTSIUS, the silver-
smith, he feels that his craft is endangered, and is
ready to raise the shout, " Great is DIANA of the
Ephesians,' in order to arrest the progress of truth
and justice.

"Gold," then, is the only capital. It is money,
and not money's worth, tiat is required. No mat-
ter that we possess untold millions, and thousands

of millions of real property, that we have count-
less flocks and herds, live stock of every d.escrip-
' tic% agricultural implements, the most elaborate
and costly machinery, stately buildings, conve-
nient residences, widespread and fertile acres,
immense stores of cereal products, objects of art
and utility, and, above and beyond all, the thews
and sinews of millions of free men, the real crea-
tors and producers of national wealth. With all
these, according to "Mercator," we want " capi-
tal," because " gold" is scarce and dear. We must

see our brethren enduring the greatest privations,
must abetain from feeding the hungry and cloth-
ing " the naked, because " Mercator" and his
flunkeys choose to maintain interest at an exor-
bitant rate, and to check what they are pleased to
consider "over production," as if there could be
such a thing while any were wanting not
merely the ordinary comforts, but the common
necessaries of life.

Away with the impious cant and the puerile
theories on which it is founded ! Gold is
at best but one and a very insignificant
species of capital. Even if there were not a single
ounce of it in the kingdom we should be rich in
all that constitutes true wealth. It has to a cer-
tain eaten-, been used as a measure and represen-
tative thereof, but it by no means follows that it
should be the only measure resorted to. Any-
thing that carries with it a command over the
necessaries and comforts of life, that possesses
what is termed a " purchasing power," will
answer the purpose equally well,
and some far
better than bullion. The Lysian Monarch,
starved in the midst of his golden treasure, and
we should deserve a similar fate if guilty of
isimilarfju d iacni
judiciously
lyy.
despoticusGe used,
du
master
uamaytstietr
ntservantliti on
tyran-
nical
s
bwe
underoaulvder Yb
et
the emf
ucools
insisted on by " Mercator."

In one of kis latest effusions he says—" More
currency is the demand of abort-sighted cla-
mour. Not more absurd would it be in a pe-
riod of dearth to clamour for more mills to
grind, and more carts to distribute the corn Ishich
does not exist, or in a period of drought to seek
relief by multiplying pumps when the springs are
dry. But supposing that there were abundance
of corn, but that by some absurd regulations none
could be converted into flour save at the old worn-
,
out manorial mill, or distributed but through old
fashioned carts, while the people were starving in
the sight of abundance ; would it not be the duty
of every man to demand earnestly and emphati-
cally the abolition of the iniquitous monopoly that
occasioned the misery of himself and his family
_should he abstain from seeking the pure ele-
ment that lies close beneath the surfaca, because
the worn-out parish pump cannot produce an
adequate supply ? Let MERCATOR answer these
simple interrogations, and say whether the case
we have supposed does not furnish a closer analogy
to the existing state of affairs than that which he
has put forward?

Let us examine some of the other statements
of MERCATOR, all springing from his false estimate
of real " capital." Tie says—" The true character
of that crisis (that of 1847) has not been ana-
lysed with tiufficietit care, and therefore has not
been comctly understood by the public. It was
Lo;, monetary derangemeit, or a failure of the
Act of 1844 to accomplish its legitimate purpose.
It was a case of banking mismanagement on the
part of the Bank of England, acting upon the
community, at that moment peculiarly susceptible
of alarm, under vague and ignorant apprehensions
of the effect of the new law !" supposing for the
sake of argument that this statement were cor-
rect—still, according to his own admission,
the combination of banking mismanagement,
with " vague and ignorant apprehensions of

their leviathan establishment as easily as they
can now do on their average profits.

The chief argument against this capitalisation
of income for fiscal purposes is, that it would

drive capital out of the' country—and thus ope-
rate injuriously for the common weal. But this
is only "capital" in the Mercator sense. Gold—if

it could be caught under any circumstances—.
might be affected. But in either case, whether

it remained at home, or were sent abroad, the
conscience of the possessor would be the sole wi44
ness—his own return the only mode of arriving
at the truth. But the broad and fertile acres—

,he dwelling-houses anti offices—the mines and

minerals—the agricultural or trading stock—the

railways or machiuery—could not be transferred.
They would still be available objects of taxation,

and the dreaded danger that now " frights the

isle from its propriety," would prove the veries

bugbear that ever scared a timid child—and cer-
tainly calculated to terrify a reasoning man.
In another part of this day's impression we have
reprinted the admirable brochure which has already
appeared in our columns. We earnestly commend
the " Dialogue ou the Income Tax" to the atten-
tive consideration of every independent Member
of Parliament. It must convince him of the
utterly unjustifiable character of the present sys-
tem, and how easy it would be, if not to render
it perfectly equal in every instance, at least to
approximate closely thereto. " The Spirit of
CocKER" takes the property values of 1501. per
annum for different terms of years, and for a per-
petuity, the interest of money being estimated at
four per cent., and it appears that the actual
worth of one description, say Long Annuities,
terminating in 1860, is but 4161., while that of
the other is 3,7501., the fine being charged at the
rate of 21. 81. per cent., the other at se. 4d., or
one-ninth of ,the rate—nine parts in ten of the
former being capital, while the whole of the latter

is interest !
The disparity in this case is sufficiently glaring,
but how much more so in the case of a man who
lives on transitory profits, who has not a single
pound laid by as a provision for a rainy day. Let
us, for example sake, contrast the position of a
city clerk or a small tradesman, whose income on
profits amount to 1501. per annum, and the owner
of 5,0001. 3 per Cent. Consols. The one lives
" from hand to mouth." His only possible in-
vestment is in the shape of education for his
children ; and he may consider himself fortunate
if he can qualify them to earn their own liveli-
hood at some future time. The other has a " stake
in the country." Nothing can disturb the even
tenour of his way. If disabled by sickness or acci-
dent, he still receives his dividend, while his neigh-
bour Mr. LEDGER, has to appeal to the tender
mercies of the union workhouse. The clerk has,
perhaps, a year's income in hand, which we be-
lieve to be beyond the average. His assets are,
therefore, 150/. The fundholder has 1501. 4-
4,650/. = 4,8001. (estimating Consols at 93),
or, in other words, the one pays the 1-15th part
of his entire substance, the other the 1-480th part
—or in the proportion of Ito 32. This is taxing
men according to their means with a vengeance.
The meat striking difference which the ingenuity
of Mr. GLADSTONE could imagine would not
amount to anything so monstrous as this.
Lot the name of " CootEn" then become a
household word—the answer to every application
for the ♦oter's suffrage. The votes of the present
members, the opinions of candidates, may be
subjected to that test, and if the people only
continue as they have begun until the opening
of the Budget, we may venture to promise them
that Sir G. C. Lewis will not venture to resort
to his pettifogging quibbles, with respect either
to the duration or the assessment of the impost.

POLITICAL ENTERTAINMENTS.