The Sun.
London, England, 1857-10-14 00:00:00

TA,
:111
4,4

LONDON, WEDNESDAY, OCT. 14, 1857.

Great excitement prevails in the Money Market.
This is but natural, considering the sudden rise
of no less than in the minimum rate of dis-
count, and the unequivocal proof thereby afforded
of the sense entertained by the Directors of the
Bank of England respecting the magnitude of the
emergency. We are told by the bullionist organ
that " the fluctuations in the funds have again
been most rapid and extensive." There appears
to be a general impression that further restrictive
measures must be adopted, and that it will
soon be exceedingly difficult, if not impos-
sible, to convert even first-class securities
into bank-notes. Every person is there-
fore endeavouring to make timely provision
for his own exigencies, and the demand thereby
occasioned is alone sufficient t 3 produce the
dreaded result. It was so in October,
,1847, and
it will be so before the close of the present month
unless the Government--as in the former in-
stance, authorise the suspension of the enactments,
which, if they have not produced, have at all
events, materially aggravated the panic, and the
consequent danger.

That sooner or later, there must be relaxation
is tertain. But when is this relaxation to take
Place? and what should be its nature and
extent ? These are interesting and impor-
tant queations, on which the welfare and hap-
piness of the industrial community greatly de-
paud. They should consequently receive
the prompt and attentive consideration to which
they are ao pre-eminently entitled. Not a day
should be lost by the Government in convening
Parliament, in order that a constitutional and
adequate remedy should be supplied, and that the
nation should be saved from the serious loss and
inconvenience that must otherwise be sustained.
Erni that will scarcely be sufficient at the present
There is a deplorable want of currency—
of a circulating medium in which the people can
repose implicit confidence, and which will readily
pass from hand to hand in all the dontest trans-
actions of every day life. An order in Council, or a
Ministerial letter, is urgently required, which would
ab once relieve the existing apprehensions, and
liberate the large amount of notes and specie now
hoarded for future use.

L'rd OVERSTONE, in his evidence before the
Lords' Committee in 1848, expressed an opinion
"that relaxation ought only to take place in, the
lust extremity, and when the inconvenience arising
feori the pressure had produced all its legitimate
efrecte in rectifying the exchanges, and the danger
vi general., confusion, had become imminent." This
i 8
a'
'coded and heartless doctrine. The
84,0 clause is only intended for the benefit of
gle Bank and of the great capitalists. Crush
without hesitation all struggling parties—those
wli, might by reasonable assistanee be enabled to
maintain their position and to pay every legitimate
demand. They are however to be crushed for the
benefit of the moneyocracy. But the moment I

that the peril extends to Millionaires, when
the danger of general confusion becomes imminent,
then, but not sooner, is there to be Government
interference. It is a presumptuous notion, that
those who have excited the storm can arrest it at
the exact moment they think desirable, even say
to the advancing torrent, " thus far shalt thou go
and no further !" They may however reckon
without their host, and provoke a terrible retribu-
tion. We therefore call for immediate action,
otherwise the Tritons may be involved in one com-
mon destruction with the minnows, the Levia-
thans swept away in the same flood with the
small fry, that they were destroying.
Mr. HA.MER STANSFELD, the consistent, ener-
getic, and indefatigable monetary reformer,
to whose admirable views we have so
frequently directed public attention, has for-
warded a communication, which will be found
in another part of our impression, and to
which we earnestly direct public attention. If
there is to be any interference—and we do not
see how it can be avoided—it would bo well, to
make it effectual, to adopt a plan that might be
regarded as a permanent adjustment of the cur-
rency, so as to avoid at- all times and under
all circumstances the evils of continuous and
exhausting drains of gold. We should
obtain temporary relief from an additional
issue of notes according to the present system ;
but to render it permanent and immediate these
notes should be of the smaller denominations,
which would liberate an equal amount of sove-
reigns, and render them available for the general
benefit, not merely of England, but of other na-
tions. It is the plan suggested ten years since by
Mr. JAMES WILSON, and against which no reason-
able argument can be urged. It would give in •
stant relief to the country. The following draft
of a petition has been prepared by Mr. ST,LNSFELD,
and it is well worthy of being adopted by every
currency reformer, who should adopt measures to
have it extensively signed in his immediate neigh-
bourhood. It is as follows

Bundlecund chiefs also continue to behave well ;
likewise the NIZAM'S Government and the Raj-
pootam native chiefs.

14i On the whole the tidings, although chiefly a
repetition of what we had already heard,'are very
gratifying ; and but for the mysterious silence
respecting Sir CoLIN CAMPBELL, the entire docu-
ment would be exceedingly satisfactory. A short
time must, however, dispel our doubts under
that head, and enable us to judge more fully as
to the real state of affairs at head-quarters between
Lord CANNING, who has not, and the Gallant
General who so entirely possesses, the confidence
of the English people. Let Lord CANNING be
recalled at once.

A popular interlude has recently received a
frightful pendant in this horrible tragedy of
The Woman with the Carpet Bag. The
mysterious obscurity still enveloping the whole
of this appalling transaction is suggestive, we
conceive, upon the instant, of one or two very
serious reflections. It is suggestive in the first
place, of the immediate necessity of offering with-
out further delay a reward of One or Two Hun-
dred Guineas to any one who will throw light
upon the atrocity. It is suggestive, in the next
place, of the various courses obviously open al-
ready to the agents of the Police with a view to
the prosecution of a searching and systematic in-
vestigation.
Acting in obedience to the dictates of mere com-
mon-sense, we presume that the Authorities
have long since adventured upon the majority of
these courses without waiting to have them
pointed out by the sagacity of observers purely
and avowedly unprofessional. The Detectives,
we may rest satisfied, seldom, if ever, require
extrapeous promptings. Their cunning is a sort
of instinct—and that instinct of theirs is uncon-
sciously but unerringly regulated by experience.
Nevertheless—recognizing all this, conscious of
all this, we cannot but think that advantage may
(just by the faintest possibility) be derived from
an enumeration of the plans Common Sense pre-
sumes to have been already adopted with a view
to the rapid carrying out of this appalling
investigation.
As to the Identification of the Victim—lt is
manifest at once that a very large "circle" might be
rapidly contracted to a mere " point," by taking,
for instance, a file of the Times for the last three
or four months, and instituting, upon a systema-
tic plan, a regular series of inquiries in regard to
certain addresses given in the second column of
the first page of advertisements upon the broad-
sheet of our contemporary. Advertisers for the
missing person should be communicated with di-
rectly and personally, and whenever the missing
individual proved to be a male adult, a minute
description ought to be obtained of
his age, character, and appearance.
Whenever these chanced to tally with the
presumed victim, it being then clearly underst )od,
when the person was last seen, where, by whom,
and under what circumstances. Numerous other
sources of information of a like kind, open to view
of course elsewhere : but this one—as a source
patent to the whole world—might be specified as
affording the most vivid and instantaneous illus-
tration.

The temptation of " Rewards," again, applied
comprehensively, as already suggested •to the
whole crime, might, in regard to some of its
details, be not injudiciously divided and sub-
divided. For example : A Hundred Guineas
or so being held out as a bribe to any inform-
ant giving a clue to the detection of
the murderers—s few pounds might be
proferred to whomsover might throw light upon
the purchase of that loathsome carpet-bag. The
cabman, again, might surely be discovered
through the medium of the same golden agency
wisely employed by the wizards of Scotland-yard.
The cabman or matt who conveyed that hideous
freight to the neighbourhood 'of Waterloo Bridge,
under the charge of that dreadful elderly
woman—short and stout —with the grey hair,
and the gruff voice, who did the toll-taker out
of a halfpenny when taking those awful mutilated
remains in a carpet-bag, at midnight, to lower
them over the parapet into the river, then run•
ning down swiftly with a strong ebb-tide for the
sea, under the starlight ! Darkness then en-
veloped the crime—darkness still envelopes it ;
but that darkness we do believe may yet be dis-
sipated. We cannot believe that the unknown
miscreants can escape detection, as was the case
most miserably some years ago with the
destroyers of Eliza- Grimwood. With all
these clues lying about, we cannot believe it,
—clues waiting only to be followed up with
sagacity—the cab ; the carpet-bag ; the female-
ruffian in the black silk mantle and the drab
satin bonnet ; her burly male companion ; the
brown paper parcel yet undiscovered—supposed to
have contained the missing head, hands, and
feet of the Victim, though it may yet possibly
have contained nothing more than additional
clothes, together with the implements of destruc-
tion.

Beyond all this—as from the very outset it
has been perfectly obvious that the crime was iu
all probability perpetrated in one of those foul
dens known as houses of ill-fame—we presume
that the police have all this while (ever since the
first discovery of the carpet-bag) had their eyes
fixed upon those villainous haunts with unwink-
ing vigilance. Every den of this description in
the metropolis is known to the police notoriously.
Why not take means, under the terrible circum-
stances of this case, for not merely witching
them, but for subjecting each in turn to the most
minute and searching examination ? The cha-
racter of this nameless grey-headed woman is
sufficiently obvious : it is that manifestly of the
Mother Mandrake of Farquhar.
Since the above was in type a reward has bean
offered—two hundred plunds for the apprehen-
kiwi of the murderer, and one hundred pounds
for the supposed woman with the carpet-bag.