The Sun.
London, England, 1844-11-08 00:00:00

chiefly as an example of exaggeration-1001. worth of
rotten eggs (we suppose no one would knowingly give
101. for all the rotten eggs in the world), purchased
to pelt a Lord Mayor ! Why, there is not one such
egg in preparation ; and we will venture to say that
there is not a being above the most degraded class in
London, who would use such a missile upon such
an occasion, how abundantly soever they might
be provided for him. This is all mere trash, ex-
aggerated trash, but not, as the Chronicle seems
to fear, brutalising trash. The English people
are in no danger of lapsing into brutality upon such
suggestions. Even thirteen years ago, when advised
to resort to the use of " brickbats and bludgeons" in
the political contest, the Londoners at least proved
themselves " wiser than their teachers," and the in-
tervening thirteen years have not been wasted with-
out improvement.

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF THIS DAT.

CITY, WEDNESDAY EVENING.
TIMES.—From certain indications in the Money
Market it may be inferred that the new Banking Bill is
now exercisim; a decided influence upon it, and that this
influence is of a salutary description. Every one who
has paid any attention to the matter, is aware of the
multitude of new and extended schemes for railways
which have lately been introduced, and of the eagerness
with which they have been sought after, not so much for
investment as for the sake of the premium at which,
with scarcely an exception, they have been brought into
the market. From such beginnings, at many former
periods, panics in the money market have usually
arisen ; and could the means of aiding these specula-
tions have been furnished them, as they were for-
merly, in the shape of local notes, issued at discretion
and without control, there is little doubt that this
would now be the case. Luckily for the country,
the local • banks situated in those districts when
such schemes are mainly encouraged and dealt
in have all or most of them reached the limit
which is permitted them by the new law, and
are sending up to London for supplies of bank-notes for
such of their customers as require aid, which must be
governed, however, by a very different principle from
that which might regulate their own issues; and the
caution thus induced, will soon check, without further
harm, all gambling in railway shares, and any purchases,
except for investment. No notion prevails that the
banks themselves regard this as an inconvenient restraint
upon them, as a prudent banker would be as scrupulous
in issuing his own notes as those for which he must girt
sterling value, and his having reached the limit of hi,
circulation is always a sufficient answer to those cus
tamers whose advances he would think it right to stop.
but whom he would not venture to disoblige if they knew
he possessed the power of issuing without cost to himself.
The English Stock Market is taking a very firm
tone, from the increased operations of the Government
broker. Besides purchasing 15,0001. Three-and-a-
Quarter per Cents. on account of the savings'-banks,
which exceeds his usual purchase by 5,000/., he has this
day bought 15,000/. Three per Cents. for the South Sea
guarantee fund. Similar operations were effected yes-
terday. As may be readily supposed, the circumstance
of 30,000/. being brought daily into the market has at.
influence on the value of money, which is easy at 2 per
cent.

POST.—According to some of the reports current, it
would seem to be the intention to have the whole French
loan of three hundred millions of francs, or say twelve
millions sterling, paid up by instalments restricted within
the very short period of three months. It is scarcely
possible, if that be the case, that a financial operation of
such magnitude should not materially derange the money
markets of Paris and London, if not of other conti-
nental capitals. There can be no question that a con-
siderable portion of the loan is destined for disposal in
this market, and that, indeed, it would not be under-
taken by any firm which should not be backed with a
large subscription list of English capitalists before pro-
ceeding to tender for it. The withdrawal of such a
sum as twelve millions from active circulation in the two
countries, and even in reference to this, might create
serious inconveniences. For it may not be lost sight of
that the French Government are under no exact pres-
sure for the money at present, as all the chief appropria•
tions for the current services of the year were supplied
by the Chambers in the last session. The
only plausible reason assigned why the entire
remaining part of the loan authorised is now to be called
up, should such prove to be definitively the determina-
tion, is, that it would be most advisable to profit by the
actual easy state and abundance of money, and the ab-
sence of any disturbing political elements. As the loan
is realised, the proceeds will be paid, according to cus-
tom, into the Bank of France, there to lie till drawn
against. Some portion may be required for carrying on
the extensive fortifications, the construction and im-
provement of the arsenals, docks, dockyards, and other
public works, decreed and now actively in progress on
the largest scale, in several of the principal ports of
France, such as Havre, Cherbourg, Toulon, &c. But
France alone will receive the benefit of the portions so
required as put in circulation. As the execution of
those works, however, will be thrown over several suc-
cessive years, the proportion of the loan which shall be
returned into circulation cannot be considerable for some
time to come, and the mass would be lying dormant in
the coffers of the Paris Bank.

The loan itself, by the abstraction of so much capital,
might prove an awkward obstacle to the progress of
railway enterprise in this country. It may be supposed,
however, that the subject has not escaped attention in
the highest banking quarter, where it should naturally
excite some solicitude.