The Sun.
London, England, 1857-12-07 00:00:00

LONDON, MONDAY EVENING,

SCINDE RAILWAY COMPANY. - INDUS
STEAM FLOTILLA.—Notice is hereby given that no further
application for shares in the capital of the Indus Steam Flotilla can
be received. THOS. BUR gELL, Secretary.
Gresham House, Old Broad-street,
7th December, 1857.

FAST and WEST INDIA DOCK COMPANY.
The Court of Directors of the East and West India Dock Com•
parry llereby give Notice, That the Transfer Books of the said Coin-
pany will be shut on MONDAY, the 14th December, 1857, and open
again on TUESDAY, the sth January, 1858.
By order of the Court.
GEORGE COLLIN, Secretary.
East and West India Dock House, Billiter-square,
4th December, 1857.

THE CONSERVATIVE LAND SOCIETY.
—The r IFTH ANNUAL MEETING will ake pla^e at
EXETER-HALL 01 THURSDAY, the 10th- inst., at 2 p.m. precisely,
Viscount RANELAGII in the Chair. Fifty share numbers will be
dravvn, and twenty-five numbers added by seniority to the Rights
of Choice. For prospectuses apply to
CHARLES LEWIS GRUNEISEN, Secretary.
Offt:te, 33, Norfolk-street, Strand, W.C.

COLT'S PATENT SIX-SHOT RIFLE
PISTOLS.---The favourite size for officers (weight 21b. Soz.,
7% inches rifle-bored) ; cartridges, holsters, belts, and carteuche-
pouches ; also, three ,izes, pocket revolvers, for travellers and
house protection. A. large stock ready for immediate delivery.
Description and price lists furnished. Avoid connterfelts.—Samuel
Colt, 14, Pall-mall, S.W.

FOR GENTLEMEN.—GEO. HOBSON begs
to call the attention of the public to his NEW STOCK in
AUTUMNAL GOODS, consisting of West of England Beaver and
Venetian Cloths, Scotch and Heather Twist, Mixed Doeskins,
Cashmere and Toilanette Waistcoatings, both of English and Conti-
nental manufacture, which will be found on inspection at prices most
moderate for Best Goods.—GEORGE HOBSON, 57, Lombard-street.

MESSRS. NICOLL'S ESTABLISHMENTS
are thus divided :—Number 114, REGENT-S ritE ET; is
their Depot for Paletots, Uniforms, Gentlemen's Evening and Morn-
ingUress ; Number 116, for the manufacture of the Guinea Trousers;
Number 118, for Half.Gu nea Waistcoats ; Number 120, for Water-
proofed Guinea Capes, Servants' Liveries ; Number 142 is their new
Establishment for Ladles' Rid.ng Habits and Mantles in Fur and

Cloth ; and Number 144 contains their other new Department for
Clothing young gentlemen with the taste, excellence, and economy
whereby MESSRS. NICOLL have secured wide spread confidence.
The 'Wholesale Warerooms are at the rear of the Regent-street pre-
-111 ises, viz , 29, 30, 31, and 4!, WARWICK-STREET. The City
Depot is at 21 and 22, CORNIIILL, and the addresses of the various
Agents are duly advertised in the journals of 'the United Kingdom
and the Colonies.

INVESTMENTS EQUAL TO CONSOLS.-
1. A FREEHOLD GROUND-RENT of 2491. Bs., secured on
an estate producing 1,4001. a-year. To be sold for 5,5001.
2. A GROUND-RENT of 581. ss. for 00 years, equally well
secured. Price 1,0001.
3. An Improved well-secured RENT of 751. for 80 years. Price
1,050/.

PRESENT ASPECT OF AFFAIRS.

(Front the Derbyshire Courier.)
It appears that little is likely to be done and a good
deal said in Parliament before Christmas. India and
toe Bank Charter Act will furnish plenty to say, and
all the more because the greater part of Honourable
Members and Noble Lords are profoundly ignorant of
the real merits of the case in reference to either
question.
The Government, it is said, is to assume the entire
control of things in India, and with regard to the Bank
Charter Act, a all of Indemnity having been obtained,
the further consideration of the question is to be referred
to the Committee which will be re-appointed when
Parliament meets after Christmas. Of course the
suspension of the act will continue, the country will have
to endeavour to preserve its existence under a. system of
" inconvertible notes"—some what similar to that which
existed from 1797 to 1815, and which state the bnl-
lioniste sneer at because they can find no argument
whatever to prove that it was not an infinitely better
system of currency than Peel and Overstone's. In the
meanwhile 10 per cent. discounts are a heavy blow and
great discouragement to trade. It does not even appear
certain that the silver drain will be effectually checked
by the destructive and ruinous depression of all kinds of
commodities and produce which is taking place.
The truth is that the gold discoveries have caused a
wonderful expansion of trade all over the world, this ex-
pansion has foudd its representative in immense quan-
tities of instruments of exchange. Bills, cheques,
securities of every kind have multiplied, and now, at
the command of the Bank Charter Act, all this expan-r
sion is to be squeezed into the narrow limits of a gold
currency. The expansion having been greater than in
1847, the contractiou is also greater, and the operation
more severe. The nextpanic (should Pell's bills continue
in force) will probably be Worse than this of 1857.
The political effects of these commercial convulsions
are not difficiilrto asnineture. Whenever a similar
monetary crisis has haippened, there has been a growing
feeling of dissatisfaction with the present state of
things which has manifested itself in changes of
the existing institutions of laws. We have had 13
changes of Administration since the passing of Peel's I
bill in 1819. The cycle of monetary affairs renders the
retention of office by any Minister, for more than a few
years, very difficult. We wish well to Lord Palmerston.
He has shown himself an independent, spirited English
Minister in times of difficulty and danger. But unless
he reforms the monstrous monetary system under which
the country groans, his days of office are, we are con-
vinced, numbered.
We say this, feeling with many others, that the coun-
try will be at a loss to replace him with an efficient and
capable Minister.
But the commercial ruin which has occurred, and the
consequent distress and misery of thousands and tens of
thousands of the people, will inevitably cause a desire
for change, in the hope of that change producing an
amendment.

We can but hope that some man may rise with courage
and sagacity to apply, as William Pitt did iu 1797, the
true remedy for the nation's evils.
With a sound and sufficient currency, defended from
exportation by being convertible into gold only at the
marlect price, these devastating commercial and financial
storms would be almost, if not entirely, prevented. As
it is, trade is fast bsing forced into a mere gambling game.
The bills of 1819 and 1844 encourage speculation, and
furnish the means for carrying it on, till when a few
years have passed a contraction of the currency takes
place, and all the energies of the nation are prostrated
beneath the feet of a gang of cold-blooded and heartless
usurers.
" 0 verstone" and the Tinto' writers have two ideas
on the subject. One is to support their silly trumpery
currency crotchet, which experience has twice demon-
strated to erroneous in principle, and, in effect, imprac-
ticable ; and the other is to make money out of the ruin
of their fellow-countrymen.