The Sun.
London, England, 1857-11-09 00:00:00

THE CONTINENTAL COURTS'.

-
The Duke and Duchess d'Albe have just passed
through Bayonne on their way to Ma irid ; also Don
Henry, of Spain, for the same destination.
The Duke and Duchess d' Arenberg have left Brussels
for Hyeres, where they intend to pass part of the winter.
The Archduke Maximilian, Governor-General of the
Lombardo-Venetian kingdom, has issued an order to the
directors of the faculties of the universities, to send him
every six months a list of the pupils who have distin-
guished themselves during that period by assiduity, suc-
cess in their studies, and good conduct.

The Duke of Argyll, the Eatl of Ilarro why, awl the
Marquis of Lansdowne, are also expected in town early
in the present week.
The IVlarquie and Marchioness of Salisbury have re.
turned to Hatfield House, Herts, from visiting the
Marquis and Marchioness of Easter at Burghley House,
near Stamford. The noble marqois comes to town to-
day for the purpose of dining at Guildhall this eveni4g.
The Earl of Clarendon joined the family circle at the
Grove, near Watford, on Saturday evening, from town,
The noble earl goes to Windsor Castle to-day, in order,
it is understood, to present the Siamese Aesba'sadors to
her Maje -ty and her i I Istrious Consort.
The Earl and Countess Granville arrived in town on
Saturday, from a visit to her Majesty at Windsor Castle,
and intend to stay in town six weeks.
RECRUITING DURING OCTOBER.—We are gratified to
find that recruiting for the army is proceeding in a satis-
factory manner. No less than 8,040 men h ye been at-
tested during the month of October and joined their
respective corps. Ttiis is exclusive of those enlisted for
the licuielaold bi:igadeti of cavairy and infantry.—United
&mice Gazette, ."

WHO IS TO BLAME THIS TIME?",

TO THZ EDITOR OF THE BM

SlR,—Yours being the only journal which has boldly
and consistently argued the probability of the occurrence
of the present crisis, and as boldly and consistently
suggested and demanded a remedy, I, although hitherto
a Conservative, and still a Protectionist (unless free
trade be reciprocated by our neighbours), venture to
address a few words to the public through your columns.
How is it that merchants, manufacturers, and others,
who, after the warning they received by the operation of
the "Bill of 1844 " in 1847, have endeavoured to pursue
their various occupations, with increased industry, but
with ten-fold caution, now find themselves unable to
obtain banking accommodation on the best security,
say, property with ample margin, represented by bills
drawn and accepted by parties of undoubted means, but
not at the moment available in gold or Bank of England
notes I

Is it that these industrial parties have been over
trading, or dealing in accommodation paper ? No. The
red-tape crew and the " Overstone" school may say that
they ought to have sufficient balances at their bankers
to provide for their acceptances without requiring dis-
counts. But suppose, even if inclined to make every
sacrifice to sell, commodities cannot be realised for cash,
in quantity, or parted with to others for bills which ap-
pear certain to be paid at maturity—what are prudent
and solvent traders to do ? Farther, if they can get no
paper discounted, and those to whom they sold three
months ago are in the same fix, and although solvent,
cannot find gold or Bank note., how much farther is the
evil aggravated ?
But who is to blame The individuals in question ?
No ; if this country is to continue to trade ; for they
never held a share in Bank or Railway, or dabbled in
Consols or Telegraphic Companies, but have attended
to their own legitimate business, yet still the cry of such
men is, what are we to do ? we cannot get our paper,
well represented as it is, discounted !
In 1846 I, much ridiculed, proposed at much length,
in the columns of one of your morning contemporaries,
that "free trade unreciprocated," with a fettered cur-.
rency, could result only in a terrible smash and discom:
fiture of the Cobden, Overstone, and Wilson theorists.
And what'is the result I If the Bank4Act of 1844 is not
modified or repealed within a fortnight, will sot all the
trade profits of this country, accumulated during the last
ten years, have been dissipated I And why I Because
honest, blunt, and cautious traders cannot get discount.
And it no remedy is applied, and quickly, the good,
indifferent, and bad mast fall together, like a rope of old
onions—the good and bad together, from the fault of the
string connecting the whole.
Who has got the money accumulations of the past 10
years I The moneyocracy, and the conntries who sold
us dear grain during the Russian war. Those countries
who have supplied us with cotton, silk, sugar, hides,
tallow, coffee, cocoa, Sec., at double the cost of produc-
tion. We have not gone ahead in railways, &c., in this
country, and the high rate of interest has interfered with
the negotiation of foreign loans. But I aver that we
have plenty of money capital available nevertheless. It
is the YEAR of the "Bank screw" ALONE, which prevents
good paper from being discounted freely.
It is true that our transatlantic cousins have robbed
us of a vast amount of money, obtained under false pre-
tences, but such losses fell in certain quarters, and the
effect would have been local, not general ; severe, but
not overwhelming. But just at the time when the drain
of bullion was ceasing for China, the EAST INDIA, COM-
PANY STEP IN, and, in order to carry os a war of their
own creation, borrow the money in London, so much
needed at the moment, convert it into silver, to pay for
whieh the Bank of England is drained of gold, and thus
the reserve of notes grows "beautifully less," and hence
the cry is, no discounts! BUT WHO IS TO BLAME Not
the cautious and solvent trader; he does not care if India
is governed by Nana Sahib, so long as he is not ruined !
he would have been content never to have heard of the
" monster," nor would he, if the E tat India Company
had, checked by the Board of Control, been compett nt
to govern India, (upon Exeter Hall principles), or,
when the mutiny broke out, had acted with the sagacity -
of even a " British Bank director," and had prevented
the Bank of Bengal from advancing silver to the natives
upon Government securities, for the purpose of hiding it,
and so have avoided that scarcity of money in Bengal,
which is proving to make it even scarcer here.
This, I aver, is the result of the Indian Mutiny ; and
in answer to the question, " Who is to blame !" I aver
that our Government alone is to blame, by allowing
Lord Dalhousie to inflame the passions of our Indian
subjects, and Lord Canning to make bad worse, by re-
fusing to put down the mutiny with.a strong band when
able to do so, and by thus and otherwise so deranging
his finanoes, that his masters here have been obliged to
I rob us of our currency, and thus throw the whole finances
of Great Britain out of gear.
If, during the coming winter, the operatives and
mining labourers are unemployed, and regarding, as they
will do, that under "free trade" and the boasted mag.

nitude of our exports and imports, somebody must be to
blame, they fix that blame on Government and the East
India Company, the militia may see come home service.
Therefore I say, let discounts be made available for every
solvent trader who can show good security, and let it be
looked to quickly. Each day proves the danger of delay.

I am, air, your obedient servant,

CIVIS BRITANNIC:US.

London, Bth Nov., 1857.

1
REPRESENTATION OP FINSBURY.—We regret to hear
that the state of Mr. Thomas Duneombe'a health is
so very unfavourable as to render it probable that
there will be a speedy vacancy in the representation
of Finsbury.— Morning Advertiser.
LIVERPOOL, Nov. 7.—The Royal mail steamship Nia
gars, Wyckman commander, sailed hence this afternoon
for Halifax and Boston, having on board 119,9581. 10s.
in specie and 104 passengers, among whom was the
Hon. Mr. Sumner, of the United States' Senate.
TRH OVERDUE AUSTRALIAN MAIL.--The overland
Australian September mail, per Emu, now five days
overdue, is anxiously looked for ; and great'dieappoint-
ment is felt by merchants and others that she has not
been announced in due course, more especially as unless
she comes forward promptly, there will be no opportunity
of replying by the outward mail, which leaves South-
ampton on the 12th, and via Marseilles, on the 16. h inst.
If the steamer was despatched at the proper data we
shall have advices from Sydney to the 11th, Melbourne
the 15th,-and from Adelaide to the 10th of September.
There will not be a regular mail from the latter place,
as South Australia has refused to join in the postal sub-
sidy under the present arrangements for the transmission
of letters from England ; but the receipts of letters and
papers are, neverthelese, calculated upon to the (late
mentioned.—Mining Journal of Nov. 7.
THE PENINSULAR AND ORIENTAL CO.'S STEAM FLEET.
—SOUTHAMPTON, Nov. 7.—The new screw steamship
Nemesis arrived here this afternoon from the Clyde, in
charge of Captain Black, and forms a valuable addition
to the extensive fleet of steam vessels belonging to the
above-named company. She left Greenock at one
o'ol' ck on Thursday, and has made a capital run round,
arriving at the Needles at 2 p.m. to-day, and at 4 p.m
was at the dock jetty. The Nemesis has been built and
sngined by Messrs. Todd and M'Gregor, of Glasgow,
and is of 2,600 tons (builders' measurement, 2,516), and
600-horse power. She has two engines, on the trunk
principle. The diameter of the cylinder is 851 inches ;
length of stroke, 54 inches ; diameter of air pump, 48
inches ; stroke, 24 inches ; diameter of large cogwheel,
15 feet 111 inches ; diameter of pinion, 8 feet 1 inch ;
diaweterMi propellers, 17 feet : pitch, 23 feet 6 inches ;
diameter of crank shaft, 171 feet, and of screw shaft,
131 feet. The engines are started by a new invention,
a small engine being affixed for the purpose of setting
them in motion. The Nemesis is ship-rigged, and the
following are her principal dimensions :—Length over all
301 ft.; width of beam, 41 ft.; depth of hold, 194 ft. She
is a noble-looking vessel, and is one of the 'strongest
boats ever built on the Clyde, having a strengthening
plate all round her two inches in thickne.s, placed jest
above the wales. Accommodation is provided on board
tor 150 passengers, 125 of them first-claer. One of her
boats is fitted with Clifford's patent lowering appara-
tus, and one with Captain Guthrie's ; and the vessel
is supplied with apparatus for converting salt water
into fresh. According to present arrangements the Ne-
mesis will go out on a trial trip some day next week, and
will be dispatched for Alexandria with the next outward
India and China mails on the 20th inst., on returning
from which voyage she ii to proceed to India, to take
up her station on one of the intercolonial routes. Thre 3
other steamships for the company are rapidly approach.
ing completion—viz., the Benaree, a sister ship to the
Nemesis, the Salsette, of 1,500 tons, building at Glas-
gow, and the Northam, of 1.500 tons, now being built
by Messrs. Slimmers and Dsy, of this p ,rt.
LOSS OF THE ENGLISH &DP FR `HI 5 AND Tw2LY
LIVES.—The following re a copy of a despatch which has
been received at the Marine Depot of the Board of Trade,
announcing the loss of this ship :—" British Consulate,
Ningpo, July 28, 1857.—Sir, in conformity with the
instructions of consuls, based on the provisioas of th?
Merchant Shipping Act, I have the honour to report to
you that on the 18:h instant, the British ship France,
Captain Scott, master, was lost in a typhoon, near an
island about half-way between this port and Sbangae.
Twenty-five of the crew were saved, and arrived at this
consulate on the 24th inst. They state that, during the
storm, the vessel ran 'or an anchorage under the island
referred to, but, after anchoring, she soon commenced
to drive, and was eventually dashed to pieces on the
rocks. The master, Captain Scott, the chief mat: (Mr.
Rowland), eighteen seamen, and sue Chinese girl, lost
their lives ; the others of the crew (twenty-five) got
safely ashore and remained there three days, during
which time no part of the ship cr cargo was seen on
ehoro. From the statements of the crew it was evident
that the ship' had been entirely destroyed, and it there-
fore did not appear necessary to despatch any one from
thia consulate to take charge of the wreck.—l have &c.
(Signed), T, T. Usepows, Vice.CoArml iii Chao."

LATEST NEWS.

BRUSSELS, Nov. 8.

The Moniteur Beige announces that there will
not be a royal sitting for the opening of the
Chambers.

The latter will meet in their respective halls,
and proceed to the verification of their powers.
It appears less certain that it will be a Liberal
Cabinet that will proceed to a dissolution.

By intelligence from. Malta, of the 4th, it ap-
pea' that the Porte, in the exercise of its Sove-
reign rights in the Regency of Tripoli, has sent
Nusret Bey to take the command of the Tripoli-
tan troops against the Arab Chief G.:uma. Nusret
had arrived at Tripoli. The fleet of Admiral
Lord Lyons is at Candia.

The Bank of Prussia has raised its rate of dis-
count from G to 7i per cent.

FRANCE.
PARIS, SUNDAY EVENING.

The ministerial crisis in Belgium still contiumes.
All that is known in addition to the information
received yesterday is that M. Rogier, after his
audience with tl.e King, procee'ied to the residence
of M. Frere-Orban, and had with him a long con-
ference.

M. de Kisseleff, the Rnssian Ambassador, will
return to Compiegne an the 16th ; he has long been
in possession of his invitation, so that all the sur-
mises built on his absence from the festivities are
without foundation.
The Moniteur is filled with extracts from the
English papers, the Annales du Commerce t.x-
terieur, several columns of a romance translated
from the Spanish, and m,re than one quarter of the
whole journal is &voted to a continuation of
Historical Studies of the 17th Century. Thee curi-
ous specimens of journalism of course offer no
temptation for extract.
BOURSE, Nov. 7. —The following were the last
quotations :

_
Cash. fr. End of Month.
44 per Cents - 1.
3 per Cents.. 6 80 67 5
Bank Shares 2910 Credit Foncier 512i—
Credit Mobilier 770 Roman -
Do. Account 773 75 Austrian
Belgian 4 (xd)... .. Spanish Threes —
Piedmontese (5) 9O Home Debt