The Sun.
London, England, 1861-02-15 00:00:00

THE SUN, LONDON, FRIDAY EVENING, FEBRUARY 15, 1861.

lAIATHER KEMP'S OLD FOLKS' CONCERT
COMPANY from AMERICA, consisting of
THIRTY LADIES and GENTLEMEN,
with their New England Orchestra, all of whom will appear in
COSTUMES of ONE HUNDRED YEARS AGO,r.
and render in their unique, peculiar, and popular style, gems
of Ancient, Sacred, and National Airs. First Appearance in
London of Emma J. Nichols, the favourite young American
Vocalist.
ST. JAMES'S HALL, Piccadilly, THIS EVENING, and
Every Night during the week.
MORNING PERFORMANCES
on WEDNESDAY and SATURDAY, at Three o'Clock.
Admission—Stalls, 3s. ; Area,2s.; Gallery, is. Doors open
at Half-past Seven. Concert at Eight. Tickets may be had
of the principal Musicsellers and Librarians, and at Austin's
Ticket Office, 28, Piccadilly.

MR. W. S. WOODIN'S NEW ENTEIetAIN-
MENT, the CABINET of CURIOSITIES, POLY-
GRAPHIC HALL, King Wiliam-street, Charing-cross,
TO-NIGHT, and EVERY EVENING (except Saturday), at
Eight. Private boxes, £1 ls. ; Stalls and box stalls, 3s. ;
area, 2s. ; amphitheatre, is. - A plan of the stalls may be
seen, and seats secured (without extra charge), at the Box-
office, from 10 till 4. Morning Performance, Saturday, Feb.
16.

ARGYLL ROOMS. - GRAND MUSICAL
ENTERTAINMENT,
with the Celebrated BAND, Forty in number (established
eleven years), chosen from the Philharmonic Concerts, Royal
Italian Operas, and the Household Troops. Conducted by
Mons. Lamotte. Cornet-a-piston, M. Boulcourt.—Dancing
at Nine o'clock.-Is. admission.

THE NATIONAL ASSEMBLY ROOMS,
High Holborn.—The most elegant entertainment in
the world. The dancing area is most extensive. The reading
and smoking rooms on either side of the spacious galleries are
replete with every comfort, and the refreshment rooms at-
tached to the ball room are unrivalled even by Oriental
beauty. The wines, &c., are of the highest quality. The
band, directed by Mr. Packer, stands alone for its excellence.
Admission, is.
N.B.—Mr. W. M. PACKER'S Annual RENEFIT BAL
MASQUE is fixed for THURSDAY, 28th Feb.

ROYAL INSURANCE COMPANY,
FOR FIRE, LIFE, AND ANNUITIES,
No. 29, Lombard-street, London, E.C.; and Royal Insurance
Buildings, Liverpool.
CAPITAL—TWO MILLIONS.

quartermaster-general at head-qnarters, by the Duke of
Cambridge.
Ensign John Ingle, by ColonAvans.
Major-General Sir John Inglis; by the Duke of Cam-
bridge.
Lieutenant-Colonel Inglis, on appointment 9th Regiment
by the Adjutant-General. ;
Lieut. H. Inglis, on return to India, by the Secretary of
State for India.
General Jervois, on promotioni by the Duke of Cam•
bridge.
Mr. Vaughan Johnson, by the t,ord Chancellor.
Vice-Admiral Hope Johnstone,' n appointment as icom-
mander-in-chief at the Nore, by t e Duke of Somerset.
i
Lieut.-General Si, Harry Jone on promotion to lieut.-
general and appointment as cokiel commandant Royal
Engineers, by the Duke of Carsbrilge.
Major Hon. H. F. Keane, on t ppointment as assistant
adjutant-general Royal Engineeri, by the Duke of Cam-
bridge.
Ensign G. Kinloch, on appoiitment 2d West India
Regiment, by the Adjutant-General.'
Lieut.-Colonel Kinleside, by Licht.-Gen. Sir G. Pollock.
Major Charles F. Kirby, by Lord Herbert.
Major-Gen. Lewis, on promotion, by the Duke of Cam-
bridge.
Major Alfred Light, by Major- en. Sir R. J. Dacres.
Mr. Henry Brougham Loch, secretary to the Earl of
Elgin, on his return from China, by Lord John Russell.
Captaini W. G. Luard, R.N., by Vice-Admiral W. J.
Hope Johnstone.
Mr. Sheriff Lusk, by the Right lion. Sir G. C. Lewis,
Mr. A.chesen Lyle, by the Right Hon. Ed. Cardwell.
Rev. Chas; Mackenzie, by Mr. Sheriff Lusk.
Lieut.-Colonel F. C. Maude, C. 13., V.C., on promotion
and return from India, by Colonel Chas. Bingham.
Ensign T. M. Maxwell, by the adjutant-General.
The Lord Mayor, by Lord Palmerston.
Mr. F. Otway Mayne, on receiving the Order of the
Bath, by Sir C. Wood.
Lieut. D. J. M'Grigor, by Major-Gen. Sir R. J. Dacres.
Lieut. J. E. M'Neale, on appointment to Royal Marines,
by Major-General Wesley.
Captain W. It. Mends, R.N., C,8., on his appointment
as Deputy-Comptroller-General of the Coast Guard, by
the Duke of Somerset.
Lieut.-Colonel J. Metcalfe, late Interpreter and A. D.C.
to the Commander-in-Chief in India, by Lord Clyde.
Lieutenant G. F. Munro, on return from foreign ser-
vice, by Major-General Wesley., . 4
Rev. Evan Nepean, on his appointment to it, Canonry at
Westminster, by Viscount Palmerston.
Colonel Newton, by General Lord Clyde.
Mr. G. B. Newton, on appointment Assistant-Surgeon,
Royal Marines, by Major-General Wesley.
Lieutenant-Colonel H. Wylie Norman, C. 8., on ap-
pointment as Assistant-Military-Secretary, by the Duke of
Cambridge.
Lieut. T, P. Norton, on promotion by Major-General
Wesley.
Lieut.-Colonel St. George Ord, on appointment to the
government of Bermudas, by the Duke of Newcastle.
Major-General Lord Frederick Paulet, C. 8., on promo-
tion and being appointed inspector-general of !rata, by the
Duke of Cambridge.
Captain Pemberton, A.D.C., by Brigadier-Gen. Brook
Taylor.
Colonel E. H. F. Pocklington, on appointment as assis-
tant-quartermaster-general at head-quarters, by Major-
General Sir It. Airey.
Hon. Wm. Proby, on his marriage by Lord Proby.
E. A. Reade, C. 8., by the Right Hon. Sir C. Wood.
Lieut. A: L. Ricardo. on appointment to Grenadier
Guards, by Colonel Hon. James Lindsay.
Lieut. E. T. Richards, on appointment Royal Marines,
by. Major-General Wesley.
Lieut. J. Ritchie, by Major-General Sir R. J. Dacres.
Capt. C. P. Roberts, by Major-General Sir R. J. Dacres.
Rear-Admiral R. S. Robinson, on promotion and ap-
peintment to be controller of the navy, by the Duke of
Somerset.
Rev. A. Dalgarno 'Robinson, by the Bishop of London.
Ensign M. Rosamond, V C., by Sir C. Wood.
Mr. T. W. Saunders, on his appointment as Recorder of
Bath, by the Right Hon. Sir G. C. Lewis.
Major-General Hon. Sir J. Yorke Scarlett, on appoint-
ment to colonelcy of sth Dragoon Guards, by the Duke of
Cambridge.
Mr. Tal. P. Shaffner, of Kentucky, by the United States
Minister.
Rear Admiral Smart, on hoisting his flag in the Channel
fleet, by the Duke of Somerset.
Ensign Wm. Chas. Smith. by Colonel Ewart.
Lieut.-Colonel T. H. Smyth, by Major-General Sir It.
J. Dacres.
Colonel E. Selby Smyth, late Deputy Quartermaster-
General Cape of Good Hope, on return home, by Major-
General Sir It. Airey.
Colonel Sparks, by the Adjutant-General.
Rev. J. Spence, by Mr. Alderman and Sheriff Abbiss.
Lieut. Edmund Stephens, by Sir John Burgoyne.
Captain Jas. Stopforcl, R.N., on being appointed naval
A.D.C. to her Majesty, by the First Lord of the Admiralty.
Major W. J. 0. Stuart, on promotion, by General Sir J.
Burgoyne.
Lieut. George L. Sulivan, on appointment to her Ma-
jesty's yacht Victoria and Albert, by Captain Hon. J.
Denman.
Lieut.-Colonel Hon. W. P. Talbot, on his marriage, by
the Earl of Derby.
Captain Thackeray, by the Adjutant-General. „,
Lieut. R. D. Tully, on appointment Royal Marines, by
Major-General 'Wesley.
Colonel Twiss, by General Sir J. Burgoyne.
Brevet-Major F. S. Vachar, on return from India, by
Major General Sir R. Airey.
Captain Chas. Vesey, It N., by Sir J. J. Hamilton.
Mr. R. C. Walford, by the Marquis of Salisbury.
. Rear-Admiral Sir Baldwin W. Walker, on appointment
as Commander-in-Chief of the Cape of Good Hope station,
by the Duke of Somerset.
Cornet H. J. Wallace, by Rear-Admiral Sir B. Mae-
namara.
Colonel A. S. S. Walsh, on being nominated a Com-
panion of the Bath, by Major-General Wesley.
Lieutenant-General Ward, on promotion and appoint-
ment as Colonel Commandant Royal Engineers, by Gene-
ral Sir J. Burgoyne.
Lieutenant E. J. Westby, on return from foreign service,
by Major .General 'Wesley.
Mr. G. Whiting, on his appointment as one of her Ma-
jesty's Commissioners of Lieutenancy of London, by the
Lord Mayor.
Mr. Henry Whyte, by Colonel Daniell.
Dr. Williams, on promotion, return from India, and ap-
pointment as Principal Medical Officer in Ireland, by Dr.
Gibson.
Mr. Willis' by Vice-Chancellor Sir Page Wood.
Lieutenant Henry Evelyn Wood, V.C., on his return
from India, by Lord Clyde.
Lieutenant C. A. Wynne, on appointment Scots Fusilier
Guards, by the Duke of Cambridge.
Lieutenant-General Sir Chas. Yorke, on being appointed
a Knight Grand Cross of the Bath, by the Duke of Cam-
bridge.

THE BANK RATE OF DISCOUNT.

(From the Times' City Article.)

THURSDAY EVENING.

The Bank of England to-day have advanced their
rate of discount from 7 per cent., at which it was
fixed on the 7th ult., to 8 per cent.
The possibility of this step was currently rumoured
yesterday afternoon, but it appeared altogether un-
likely. The public therefore were greatly astonished
when the announcement was made. In the absence
of the returns for the week ending yesterday, which
will not be published till Friday evening, all reason-
ing upon the subject must be to a certain extent
imperfect, but it may be asserted that there is
scarcely a single faet known to commercial people that
can in any way account for the movement. The
returns for the fortnight ending the Gth inst.,
showed a recovery of £311,256 in the stock of bul-
lion, and of £527,455 in the reserve; and, even if the
whole of this improvement shall have been swept
away during the week just ended, we shall still be
simply brought back to the point at which the
charge of 7 per cent. was considered sufficient, if
not excessive. The Bank, like any other dealers in
money, are not only entitled but bound to move
with the demand ; but it does not follow that in
acting hastily on a temporary pressure they are
really consulting their own interests. Every
undue advance in the rate of discount leads to a
rebound of proportionate violence, and it has
hitherto been found that rates like the present have
been followed by a period when money could
scarcely be employed on any terms. Such changes
are not for the advantage of the Bank of England
or any other bank. As far as precedent is con-
cerned the present movement is wholly unsupported.
The stock of bullion now held is nearly a million in
excess of the average of the entire year 1856, when
the average rate of discount was 51-,. . The reserve
is also highly satisfactory compared with that
period. Again, the bullion is £2,500,000 in excess
of the point at which it stood when 8 per cent.
was last adopted, while the reserve is about 80 per
cent. greater. As to our prospects in relation to sur-
rounding countries and the manner in which, our
rate bears comparison with theirs, it is only neces-
sary to state that the charge in the open market at
Paris is between 43 and 5 per cent. ; at Amsterdam,
3 per cent. ' • at Berlin, 21; at Hamburg, 2 ; and at
Frankfort,ll. Even at New York there is an abun-
dant supply at 6 per cent. If money, like water, will
find its level, there can consequently be no doubt that
it must soon flow hither, and apparently from almost
all quarters except Bombay, where the wild orders
from this side for cotton have created a strong turn
against us. From China the last mail brought an
improvement of 2 per cent. in the rate of exchange,
and consequently no silver is wanted for that
country. If any plea is to be found for the move-
ment, therefore, it must consist in some strange
alteration in the accounts during the past week,
much beyond anything that is believed to have
occurred. When those accounts shall have made

their appearance it will be time to draw positive
deductions. Meanwhile it must be remarked that
gold continues to be taken to the Bank, a further
amount of £112,000 having been carried there to-
day, and more being expected to-morrow ; that in
the open discount market and the Stock Exchange
there were yesterday, and even this morning, more
signs of a diminution of pressure than had been
observed for some days—that the Bank of France
are understood during the month to have experi7
enced a recovery of nearly £2,000,000 in their stock
of bullion, and an extraordinary reduction in their
discounts, and that any increase of demand that
may have occurred yesterday or to-day at the Bank
of England may to a great extent be accounted for
by the payment of £501,655 which falls due on the
Indian Loan to-morrow.