The Sun.
London, England, 1857-10-20 00:00:00

THE MANCHESTER ART TREASURES j RISE IN T.
EXHIBITION.

(Front the Manchester Guardian )
The Art Treasures Exhibition was opened on
Tuesday, May 5, on which day none but two guinea
ticketholders were admitted. During the remainder
of that week, and the whole of the next, the admis-
sion was 2s. 6d. ; but in that fortnight, only four
complete daily returns were published, viz,, Wed-
nesday, May 6, 7,995 ; May 7, 5,771 ; May 14,
7,330; and May 16, 7,811. The first- two (half-
crown) weeks of the Exhibition are consequently
left out of the subsequent enumeration and calcula-
tions, which commence with Monday, May 18, and
exhibit the numbers admitted, by ticket and by cash
payment (19. on five days of the week, 2s. 6d. on
Thursdays), and the totals for the other 22 weeks
during which the Exhibition has been open. The
following are the weekly returns
No. of Week. Ticket. Cash. Total.
3d, ending May 23 11,994 . 25,398
4th, ~ May 30 17,531 .. 30,188
sth, „ June 6 8,231 ...... 45,258
6th, „ June 13 11,856 30,641
7th, ~ June 20 10,935 33,739
Bth, „ June 27 ...... 10,264 35,060
9th, „ July 4 18,289 34,799
10th, „ July 11 8,644 34,473
11th, ~ July 18 10,758 33,415
12th, ~ July 25
13th, „ Aug. 1
14th, „ Aug. 8 6,348 40,802 ...... 47,150
15th, ~ Aug 15 6,293 47,228
16th, „ Aug. 22
17th, „ Aug. 29
18th, „ Sept. 5
19th, „ Sept. 12
20th, „ Sept. 19 8,427 48,761
21st, „ Sept. 26
22d, „ Oct. 3 ...... 14,375 ...... 78,344 ...
23d, Oct. 10
24th, „ Oct. 17 28,586 83,912 112,498

221w1"daa. weeks, omitting first
1 239,678 1,033,378 1,273,056

The sth week was Whitsuntide. The Queen's
visit was on Tuesday, June 30, in the ninth week,
and the two following days were half-crown days.
The five Saturday afternoons of sixpenny admis-
sions were those of the 15th to the 19th week.,
both inclusive, the total sixpenny admissions of the
five Saturdays being 60,261 ; the total numbers
(at 6d., at is., and by season ticket) present on
those Saturdays being 80,038.
The greatest number of persons in the building
during one day was on Tuesday last, being the
last day of shilling admissions, when the numbers
present were 28,984, of whom 27,049 paid Is. each,
the other 1,935 being admitted by season ticket.
The greatest number of persons in the building
during a half-crown day was on Saturday, the last
day of the Exhibition (17,988). The last week is
the only one of the 24 during which the Exhibition
has been open, in which the number of persons
admitted has exceeded 100,000.
The average weekly numbers for the 22 weeks
appear to be, 10,894 by tickets, 46,971 by cash ;
total weekly average of visitors, 57,866.
The average daily number of visitors for the 22
weeks (131 days, the building being closed on the
day of humiliation), appears to be 1,829 daily by
Collets, 7,888 by cash ; total, nearly 9,718 daily.
The building has been open, say 24 weeks, or t•
speak more exactly, 142 days. It has therefore
been open just a day more than the Great Exhibi-
tion of 1851.

DISCO U.V T.

(Prom the Times City Article )

The Bank of England yesterday raised their rate
of discount from 7 per cent., which was adopted on
Monday last, to 8 per cent. •
This step is solely in consequence of the Ameri-
can news. According to the latest dates, the rate
of exchange even for the best bills had fallen to a
point which would give a very large profit on gold
from England, and, although, owing to the possi-
bility of a sudden rebound, speculators on this side
might hesitate to undertake the operation to a
heavy extent, the amount of bills transmitted from
New York, with direct orders for returns to be
made in specie, coupled with the sums being des-
patched by our capitalists for the purchase of securi-
ties, involve the certainty of a further drain, against
which the most prompt precautions were requisite.
The public were aware that the question of an ad-
vance toB per Cent. would depend entirely upon these
advices, and if the Ariel had arrived at her expected
time the movement would doubtless have been
adopted 3 or 4 days back, since the later accounts,
brought via Boston, are scarcely so bad as those
with which she started. The rate now reached is
equal to the highest known in modern times, and
our only experience of it was for four weeks from
the 25th Oct., 1847, when the railway panic attained
its climax, and Consols *ere down at 80, the Bank
bullion having been reduced to 8,312,0001. and the
reserve to 1,574,000/. In the present instance it is
unlikely that the pressure will last even so long as
four weeks, but as our condition upon the course of
the American disorder, and it is impossible to con-
jecture what may be the next turn of frensy, we
must hold ourselves prepared for all contingencies.
According to the accounts yesterday everything had
been brought to a dead lock. Debts could not be
paid between distant cities because there were no
safe means of remittance, and produce ready to be
converted into gold could not be forwarded to port,
owing to the absence of any power of obtaining ad-_
vances upon it. Everyone saw that if the machinery
of ordinary custom could again be set in motion all
would instantly be righted; but in no quarter was
there power to bring about such a result. Whether
escape would be found through some final convul-
sion, or through a slow and fluctuating convalesence,
no one could predict, but it was certain that matters
could not continue long in their then state. Among
the considerations on the favourable side was the
fact that the stock of specie in the New York bank
still stood at 2,280,0001., which is beyond its average
amount, and more than 500,0001. in excess of the
total held at the corresponding period of last year,
while their note circulation was less than at that
time. The Californian arrivals of about 250,0001.
each fortnight would also be retained, and in less
than a week the Vanderbilt would be due from
Havre with, it was believed, 200,0001., to be fol-
lowed shortly by the 320,0001. lately despatched
from London and Liverpool. Against these pros-
pects the onlyalarming point is the possibility of the
run upon the banks for hoarding purposes, which
had already assumed disagreeable proportions, be-
coming ungovernable. Meanwhile, as regards our
own position, in all those branches of trade not con-
nected with America there is a total freedom from
uneasiness. The circumstance merely of an advance
in the rate of discount to 8 per cant. for a few weeks
to meet a temporary evil in which all other nations
participate can inspire no dread on the part of aty
solvent houses. The difference between that and
5 per cent. even for two months would amount only
to an extra 10s. per cent. on all the accommodation
they might require, and if their capital and current
profits are inadequate for such a contingency they
can scarcely be considered fit to ba in business at all
on their own account. Of course, there are c ses
where, owing to heavy contracts having been en-
tered into, or other similar causes, the effect may be
peculiarly severe, but these are altogether excep-
tional. As a general rule, there ought among a
sound mercantile community to be no terrors in 8
per cent., or any other rate of discount, supposing
it not to have been occasioned by a reckless curse
of national extravagance, and hence there is reason
to believe that the announcement of yesterday will
be received throughout the country, as it has been
in the metropolis, without the slightest indication
of confusion or alarm.

THE MONETARY CRISIS AT .HAMBURG.

EfAmßußa, Otit. 17.--The pressure of our money
market, which had already shown itself last week,
became much more stringent when the telegraph
brought the intelligence of the Bank of England
having made a further advance in their rate of dis-
count, and even for the most unobjectionable paper
it has been quite impossible to obtain cash on rower
terms than 8 per cent. per annum, while many,
who to meet their engagements would readily have
givenlo per cent. for good but not select bills, found
that they could not gut them converted into money
on any terms, and the consequence has been th,st
heavy sacrifices of goods of various kinds have been
freely made to meet the exigencies of the hour. At
Bremen the tightness has, if possible, bean still more
severe, for as the direct intercourse between that
city and the -United States is comparatively greater
than that which is carried on between America and
this city, they have been in addition exposed to
many adverse circumstances from the monetary
and commercial disorganisation in the chief cities
of the Union which has latterly prevailed. Both
here and there, however, the evil has been increased
by the almost simul'aneous announcement, from
official authority, that the punctual peyment of the
call on the Ruseian railways, which falls due in
December, would be rigorously enforced; and as,
from the financial connexion of Messrs. St'eglitz
with Hamburg, and with Germany generally, a
considerable portion of these shares is held here
both by private parties and by public companies,
this intimation has coma upon them at a very in-
convenient time, and may yet lead to much mis-
chief. It is fertunate that in England there will
ba no aggravation of the effects of the present crisis
from that cause, for as their eyes were there opened
in due time to the various evils that might arise
from a ready adoption of that scheme, it is
understood that only a very small proportion
has been allocated in that country, and the
effects of this exaction will not therefo, re be felt
in any degree so insensely there, as they cannot
fail to be not only in Gerinany, but in Holland and
France also, where the great capitalists were not
so cautious as it is found that those who now take
the lead in such matters have proved to be in
England.

Emigration to America goes on from hence on a
large scale. Yest!rday five vessels cleared out with
1,201 paseengers. Of these, 938 were for New
York, and 263 for New Orleans. Of the former,
some were destined ultimately for Canada ; but as
the whole chiefly consisted of families, and were,
insgeneral, people of some property, they will be
found, whether they settle in British America Orin
the Stites, to be a great acquisition to the country
of their adoption.