The Sun.
London, England, 1857-10-09 00:00:00

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ti t oi, t. • thcm 7 0 k1.1..\W 1, at ifoy
mt ails of tescAn ng frOMd
I eath.
abence of the Mayor he had. given instrnci.ione:Tor'
the men to be comfortably clothed and fed— %Jr--
had been already done, and a subscription Ivould
forthwith set on foot to relieve them-in their difß-
culties, and that subscriptions would be received
at the banks and also by himself. Mr. Scott, -a
magistrate on the bench, opened the subscription
by presenting Mr. Burrows with a sovereign.
It is sincerely to be trusted that the public /rill
respond to the appeal of the deputy-mayor, in his
praiQeworthy efforts to render the crew comfortable,
and to generously reward the crews of the life-
boats, who, without thought of danger, perilled
their lives in so noble a cause.
At about eleven o'clock the vessel parted asunder,
and is now a complete wreck on the beach.
The gale continues blowing a complete hurricane.

[PRICE 4D. STAMPED 5D.]

PLYMOUTH. —THURSDAY.
A heavy gale was experienced here yesterday,
which continued with great violence through-
Out the night. The Great Western Docks have
sustained considerable damage. The dock gate has
been dashed in, mid it is . said will be completely
destroyed. Extensive injuries have also been re-
ceived by the Millbay Pier and capacious pontoon,
situate at the entrance of the docks.
The Brazilian frigate Marinheiro, lying in the
Sound, was driven from her moorings for.upwaids
of two miles, but was ultimately brought up in
Frie,tone Bay, with but trifling damage.'
The weather this morning has moderated con-
siderably.

TEE RISE IN THE RATE OF DISCOUNT.

(Prom the Times' City Article)

The Bank of England have advanced their rate
of discount from 51 per cent., at which it had
stood since the 16th July, to 6 per cent.
The suddenness of the .renewed drain of gold
which has led to this step has taken the public by
surprise, because they were not prepared for the
extraordinary news by the two last American mails.
Allowing due weight to that intelligence, there is
nothing in the movement to create alarm, although
there is a high probability it may soon have to be
repeated. The trade of this country with the United
States represents an annual total of 40,000,0001 ,
and it is impossible for any financial trouble to
occur on one side without its being deeply-felt on
'ho other. During the last two years we have had
many opportunities of observing the sensitiveness
with which we respond to monetary perturbations
in France, but•our relations of commerce and capi-
tal with that country are altogether insignificant
in comparison. A panic in New York, therefore,
which sends the rate of discount to a point ranging
between 20 and 50 per cent., and which is continued
with intensity for five or six weeks, must necessarily
subject us to severe temporary pressure ; and if the
inconvenience should. be limited to a rise of a half
or even one per cent. in the value of money we shall
have reason to congratulate ourselves, and to accept
the fact as another prof of the inherent soundness
of our general position. For more than a month
past not only has every payment due to us from
America been as far as possible suspended, but spe-
cial credits have been eagerly made use of, calls on
rail way stocks largely held here have been announced
(in one case alone for an an amount apprOachin,
a quarter of a million sterling), and draughts
authorised for the purchase of securities by
English capitalists, tempted by a fall in prices,
om which they conceive there cannot _ fail
to be an early reaction. It is scarcely too
much to assume that in this way a million or a
million and a half sterling has been already with-
hold or absorbed from us, that would otherwise
! have been in our possession at this moment, and
the prospect is that the process will go on for some
time longer. It must also be considered that at
the same period we have been despatching the most
c )stly fleet of transports ever employed at one mo-
ment with thirty or forty thousand troops to India,
the outlay upon which in the shape of stores, fuel,
arc., cannot have fallen much short of half a mil-
lion, for which we shall get nothing until the re-
turn of the vessels from Calcutta, as the payments
from the Indian Government will not be made
till a certain number of days after the arrival
of the vessels at that port. The India-house,
at home, moreover, in order to lighten as far
as possille the liabilities of the territorial Go-
vernment, are abstaining from drawing the usual
amount of revenue required from that side for the
payment of dividends and other purposes, and have
thus found it necessary to borrow a million from
the Bank. Upon the whole, the- efore, it is possible
that the combined operation of the American panic
and the Indian insurrection may for the time have
affected our resources to the extent of two or three
millions. A decline of-about a million in the bullion
of: the Bank is usually followed by an advance of a
half per cent. in the rate of discount. It would
consequently seem that these adverse influences, as
they have borne upon us to three times that
amount, might have caused a rise of one-and-a half
per cent., and that it is only through some favour-
able counteracting circumstances that that result
has been delayed or prevented. These are to be
found in the abundant harvest and the change in
the silk-market, as well as in the supplies of Indian
produce, which has in some degree diminished the
specie shipments by the last and the precedine-
Overland mail. Had the relief thus afforded hap'-
pened in ordinary course, we should now, probably,
have seen the rate of discounts 4 per cent. As it
is, it has simply enabled us to limit the rise for the
present, at all events, to 6, instead of carrying it to
7 per cent. Under these circumstances, this is no
small satisfaction ; but there is reason to believe
that, even if further stringency should be expe-
rienced, we are not in any danger of seeing the ap-
pro:iching winter ushered in by a very extensive
series of commercial disasters. Of course, the
American failures must have told heavily on indi-
vidual houses on this side, and there are also seve-
ral branches of costly produce which have, expe-
rienced wide fluctuations that may disturb th
casual fortune of speculators. There are likewise
at all times a number of infirm establishments
carrying on their business from hand to mouth, to
whom a rise of a half per cent, in the rate of dis-
count after any long period of pressure is an inevi-
table sentence of destruction, and it is usually at
the end of the year that such cases are developed.
But as regards the broad trade of the empire, it is
impossible to discern a cause of fear. Month by
month our commercial payments increase in magni-
tude, and yet are met with a punctuality never sur-
passed, and all the leading bankers will testify that,
thus far, there is an absence even of those promo-
niJory symptoms which invarially warn them of
the possibility of a coming struggle long before the
community at large have become awakened to it.
Hence the belief may be confidently indulged that,
although with our universally diffused transactions
we must necessarily participate in every shock that
occurs elsewhere—and there never was a time when
prudence was more essential—our commercial pros-
perity, notwithstanding the sepoy mutiny, is des-
tined still to continue a marvel to the world.

SERVICES FOR THE DAY OF HumuzimoN.—Of the
printed services appointed to be read on the day of humi-
liation 1,000 copies were printed and prepared for the
bilhope and other dignified clergy of the Church of Eng-
land; 49,000 for the use of the parochial clergy. Of the
copies taken off in a cheap form for public sale,
1,100,000 copies were sold at the rate of 2s. 6d. per 100
to the trade, and 3s. 6d. per 100 to the clergy for distri-
bution. One adventurous speculator at the Crystal
Palace purchased 4;000 copies, expecting to make a
profit among Mr. Spurgeon's audience, but was disap-
pointed in the result, and upwards of 3,000 have been
returned by him to the Queen's printers. Of the other
copies specially prepared for the occasion, two were done
up in black velvet for the use of the Queen and the
Prince Consort, and one in black morocco for each mem-
ber of tie Royal Family. For the Prince of Wales was
reserved the peculiar distinction of baring one copy
elegantly bound in black, with a translation into Welsh
on the opposite page.
A DVS aIaSSM SST. I— SIGHT AND HEARING SPECTACLES
POWERFUL POWERFUL TELESCOPES OPERA, RACE, AND PERSPECTIVE
GLASSES. —S. and B. Solomons, opticians, 39, Albemarle-
street, Piccadilly. Observe—opposite the York Hotel,
By her Majesty's Royal Letters Patent for valuable and ex-
traordinary improvements in the most powerful and brilliant
TheseOPei.a Telescopes an ci
Perspective
possess
serTuel
ss
eclo
,pt
to
00,
rid,Cinnaoamwr pyt,hpeoß lwtec re -
distancesteiotautr ss e.O
ch
me, three and a-half inches,
with an extra eye-piece will show distinct]Refs moons,'
Saturn's ring, and the double stars ; with IlieusaP rue tqcscoP o
can be seen a person's countenance three-and-a-half miles
distant and an object from 16 to 20 miles, For the waist-
coat-pocket, and are of larger, and all sizes, with increasing
powers acesxlingly. The Royal Exhibition, 1851. -A valu-
able, newly-invented, very small, powerful, Waistcoat-pocket
Glass, the size of a walnut, by which a person can be seen and
known one and a-half mile distant. They answer every pur-
pose on the Race-course and at the Opera-houses. Country
scenery and ships aro clearly seen at 12 to 14 miles. They
are invaluable for shooting, deer-stalking, yachting, to
sportsmen, gentlemen, gamekeepers, and tourists. Opera,
Camp, Perspective, and Race-course Glasses, with wonderful
the
powers.—lnvaluable preserving Spectacle
becomes pro
from this invention is, that vision impaired
persons aro enabled
mutaegliccif7inpagtiopno—wecit
remest transparent power. :he great advLaenntase.gse derived
served and strengthened and very aged
frequent changes to the dan-
ego
pait of the World by seed-
twoitehmpul,coTsethlceinrsseir
otfatathmeomohostwlent:
rsifna, assistance. Persons
and
orrtemar spectacles in a letter, and
they do not require the
the eye they can read small lrint
es:ntae:nr
toiobunnesge stouhefi
offt suited effects
ss
at
glasses to bef efrf mostou.mri,
t.further
e
with it, and those who have not made use of spectacles by
stating their age. Peafness.—New Discovery.—The Organic
Vibrator, an e!xtraordinarily powerful, ,
tsmall, newly-invented
instrument for deafness, entirely different from all others,
surpassing anything of the kind that has been, or probably
can, be produced. Being of the same colour as the skin, is
not perceptible. It enables deaf persons to hear distinctly at
churchaud at l üblic assemblies ; the unpleasant sensation of
singing noises in the ears is entirev .removed, and it affords
all the assistance that possibly could be desired.-3 Allste-
marle-street, Piccadilly,---Opposite the York hotel, W.