The Sun.
London, England, 1868-10-23 00:00:00

ELECTION INTELLIGENCE.

STAFFORD.—At a meeting of the Liberal electors a letter
was read from Mr. Arthur Bass, one of the present mem-
bers, expressing a wish to be liberated from his engagement
to contest the borough, as he bad been advised io stand for
East Staffordshire in conjunction with Mr. Il'Clean. The
meeting gave its assent.

OXFORD UNIVERSITY.—A powerful committee has been
formed at Oxford to promote the election of Sir Roundell
Palmer. The Warden of New College is chairman, and
seven other Heads appear in the list. Sir W. Erle, Sir John
Coleridge, Dean Stanley, Dean Hook, Mr. Cardwell, and Sir
Robert Phillimore are amongst those who have signified
their willingness to become members of a London com-
mittee.

MANCHESTER.—The Conservatives have resolved on bring-
ing forward two candidates. Mr. Joseph Hoare, of London,
will issue his address in a day or two, and it is expected
hatt Mr. Henry G'artside, of Saddlewortb, will be his col-
league.

SOUTH lIANT9.—Mr. Millward, a barrister, and whose
seat was once the residence of the well-known William
Cobbett, at Dotley, in Hants, is announced as the second
Liberal candidate for the southern division of the county.
GREENWICH.—By the advice of corny of his supporters,
Alderman Salomous has agreed to coalesce with Mr. Glad-
stone. Tho return of both these gentlem,n may now be con-
sidered a certainty, the Liberals being united. The Conser-
vatives do not intend to fight the borough.

Irswicll.—A rrquisition has been presented to Mr. Cob-
bold, the mayor of the town, askirg him to come forward as
a Ccnservativo candidate. Mr. Cobbold I.as refused the re-
quest, assigning rs a reason that the requisition was not
signed by all sections of the patty.
LINTEPOOL.—It is stated that a local gentleman, named
itiipson, intends to offer himself as an "Independent Tory"
candidate. The Conservatives have already forwarded two
candidates ; Mr Graves, ono of the sitting members, and
Lord Sandon. _ _

BRISTOL—It is understood that Mr. J. M. Miles, who held
the seat for a short time last session aftor the retirement of
Sir Morton Peto, will again bo brought forward, and that
the party aro now deliberating whether they will associate
A(,don!:I candidate with 3.4, giics, v tryly !4teppt to
Mick thf

OXFORD UNIVERSITY.—The Daily _Wm states that Sir
Roundell Palmer will not resign his seat for Richmond in
order to contest Oxford University. His friends at Rich-
mond will adopt a similar course to that which was taken
by Mr. Hardy's supporters at Leominster in 1865, and will
return the hon. and learned gentleman for the borough
which he now represents, irrespective of what may take
Dlace at the university.

MARTLEBONE.— Mr. Daniel Grant, of Cleveland-gardens,
Hyde Park, offers himself as a candidate. He states that
he is a Liberal in the broad sense of the term, andehe
would support the repeal of the ratepaying clauses in the
Reform Act, the:adoption of the Ballot, and the perfecting
of the conditions which surrounds the lodger franchise.
This makes the fifth Liberal candidate. Mr. Stanford Las
come forward in the Conservative interest.
ASHTON-UNDER-LYNE. —lt is announced that Mr. Thomas
Mellor, of Ashton-under-Lyne, has consented to come
forward for that borough in the Conservative interest, in
apposition to Mr. Milner Gibson.
NORTH WILTS.—Sir Henry Hoare's attention having
be en drawn to a statement that he was to be invited to
stand as a second Liberal candidate for North Wilts, the
hon. baronet announces that he has no intention of aban
do ning his candidature for Chelsea.
GLASGOW.—A public meeting was held on Tuesday in
the Merchants' Hall, Sir James Campbell, of Strathcaro,
presiding. After Sir George Campbell, of Garscabe, had
stated his political views, embodying a general support of
the Government and the maintenance of the Irish
Church, it was unanimously resolved to nominate him
as the Conservative candidate for the representation of
the city.
LEOMINSTER.—It is very probable that at the ensuing
election this seat will be lost to the Conservative party ;
the Conservatives are divided, but the Liberals are
united. Both the Conservative candidates are determined
to go to the poll.
DURHAM. —The Right. Hon. J. H. Mowbray has issued
his retiring address to the electors of Durham. He says :
"It is not without a pang that I thus voluntarily bid fare-
well to aconstituency whose cordial and undeviating support
has been accorded to me during sixteen sessions, and
throughout four Parliaments. Although threatened with
a contest at the ensuing election, I had every reason to
hope and believe that I should not have solicited in vain
the suffrages of an enlarged constituency."
NORWICH. —Mr. R. J. Harvey who has been
repeatedly invited to contest Norwich in the Conserva-
tive interest, has announced his definite intention not to
come forward.

ROCHESTER.—One of the Conservative candidates for
this city, Mr. Adolphus Henniker, has formally announced
his intention of retiring from the contest. The other Con-
servative candidate is Mr. A. Smee, F.R.S. Mr. P.
Wykeham Martin and Mr. Serjeant J. A. Kinglake,
recorder of Bristol, the present members, offer themselves
for re-election.

SOUTH ESSEX.-Mr. Perry Watlington has declined to
contest South Essex as a Conservative candidate. _

THE SPANISH. REVOLUTION.

(FROM A CORRESPONDENT.)

THE unanimity and moderation which have
hitherto characterised the Spanish Revolution still
prevail amid all the uncertainty as to the ruler to
which the future of the country will be entrusted.
Who will be the King of Spain is a problem to the
solution of which there is hardly the remotest clue.
But though the apparent want of a programme on the
part of the leaders would produce the most injurious
consequences in any other State, the work of
" reconstruction " still goes on. Liberty of the
person, the press, and, above all, of the conscience, have
been proclaimed. The terrible distress amongst the
lower classes is being relieved as far as the resources
of the Government will permit ; and it is no small tes-
timony to the success of the new regime that the
popular excesses reported are few and far between.
There can be little doubt that the revolution, if it
continue as it has begun, will accomplish the regene-
ration of Spain—and something more. The effect of
this great change upon slavery in the Spanish colonies
promises to be decisive. It is generally admitted that
freedom in Spain and slavery in her colonies are
incompatible. If, as is said, the Cuban slaveholders
have long expected the emancipation of the blacks,
it surely cannot be far distant now. We are told
that the great West India colony has long been pre-
paring for the abolition of slavery by diminishing
hand labour and substituting powerful machinery.
A commission of five of the principal planters has
left Havana to confer with the Provisional
Government on the subject of emancipation.
It ris announced that the slaveholders are not averse
to it. All they ask is that the liberation shall be
effected gradually, and during a space of time
sufficient to prevent disaster. The .Tunta, of
Madrid has declared against slavery. It has
not, however, taken any decisive steps in the
matter, but, whilst it leaves the great question to the
Government, it recommends that all children born
in bondage after the 17th of September 18'38 shall be
declared free. This hesitation of the Junta to deal
with the existing slavery must not be unfairly inter-
preted. Spain has plenty of home trouble to
occupy her for the present and for months to come.
The people are not unnaturally averse to enterino, on
what may be a lengthy dispute with the Cuban
planters whilst so much remains to be accom-
plished at home. There are many difficulties
in the way of this as of all other such reforms.
Most important of all, the Spaniards are in no con-
dition to deal with their colonists as we dealt with
ours. With an empty exchequer, a large deficit, and
the most pressing need of money for the relief of the
distress prevailing throughout the country, Spain
cannot at present pay large sums for the freedom of
the slave. The Junta had no resource but to refer
the main question to the Government. It is, however,
something gained to be assured that no slave will in
the future be born in a Spanish colony. The general
opinion that the rest will follow in good time is well
founded. is a material gain in the interests of
humanity, emancipation in the Spanish colonies
would be much. They contain 500,000 negroes. But
as a moral gain this step would be more important,
for Spain is the only European State that now holds
the negro in bondage.

;-
tit-1Z ~Ik*T.,
v 1;
1111/I}ll4.

HER MAJESTY.

BALMORAL CASTLE, Oct. 21.
The Queen, accompanied by Princess Christian,
went out yesterday morning.
In the afternoon her Majesty drove out, accom-
panied by Princess Louise.

BANK OF FRANCE.

PARIS, Oct. 22.

The following is the return of the Bank of France
for the week ending to-day, together with the cor-
responding figar3s of the previous account :

Oct. 22.

DEBTOR.
Oct. 15.
fr. c.
Capital of the Bank 182,500,000
Profits in addition to
capital (Art. 8, Law,
June 9, 1857) 7,044,776 02 7,044,776 02
Reserve of the Bank
and its branches "5,750 14 22
Reserve of lauded pro-
perty 4,000,000 4,000,000
Notes in circulation
Bank notes to order and
receipts payable at
tsight 34,919,138 92 31,325,530 03
Treasury account cur-
rent creditor 184,534,994 04 192,148,137 17.
Current accounts, Paris 340,610,400 91 319,250,603 66
Do. branch banks 45,526,575 48,916,951
Dividends payable 1,017,801 1,007,845
Discounts and sundry
interests
Rediscounted the last
six months 703,152 42 • 703,152 43
Surplus of receipts not
distributed

182,L-60,000

22,105,750 14 22,105,750 14

Sundries

Total
2,100,071,326 25 2,073,796,538
CREDITOR.
Oct. 15. Oct. 22.
Cash in hand and in fr. c. fr. c.
Branch banks
Commercial bills over-
due
Commercial bills dis-
counted, not yet due 252,188,854 92 232,200,995 37
Do. branch banks 210,413,750 211,117,504 ---
Advances on deposit of
bullion 32,657,600 32,148,000 ---
Do. branch banks 9,457,900 9,339,900 ---
Do. on French Public _ _ _

Securities ---
11717000 11,885,500 --"'
Do. by branch banks 7,446,700 7,542,800 --
Do. on railway shares
and debentures - 36,249,500 --"
Do. branch banks -
Do. on Credit Foncier
Bonds
Do. branches 886,400 894,800 --•
Do. to the State (Con-
vention,
June 10,
1857) 60,000,000 60,000,000 --'
Government Stock re-
-4
serve 12,980,750 14 12,980,750 11.
Do. disposable
Rentes Immobalisees _ _ _

r -
(Law, June 2, 1807) 11,0,000,000 100,000,000
Hotel and furniture of
the Bank and landed
propel Ly branches 9,022,223 9,033,723
Expenses of manage-
ment 1,689,183 25 1,980,040 87
Sundries
16,242,708 85 15,839,539 4.1

Total
Certified by the Senator-Governor of the 13aok
of France.

(Signed) ROULAND•

711 E LIVERPOOL BANK.

The Liverpool papers have now published in full
the report of Messrs. Roberts and Bartlett, tcvn
members of the Investigation Committee, on the
causes of the failure of the Royal Bank. Thep
show that it mainly arose from the locking up of tau
capital of the bank by advances of a most extra-
ordinary nature, and of unprecedented amount, t°,,
two firms, who, after their insolvency, were " carrieu
on" by the directors apparently from want t
courage to admit the fact that they bad made very
heavy bad debts. In addition to this circumstance
both of the paid directors were largely indebted to
tho bank. One of them (Mr. Hutchison) has been
adjudicated a bankrupt, and the other (Mr. Shand)
is dead, and his estate will not nearly suffice to pal
his creditors in full. A brother of the late manager i°
also a debtor to the bank to a large amount, and his
account will result in a considerable loss. As re-
gards Mr. Hutchinson it is a peculiar feature °`
his case that he was nominated as a director to PO-
tect the interest of Mr. Edmund Molyneux, a very
large shareholder, and that from the year
1859 to the date of the stoppage he contrive).
to get into debt to the bank to the amount
of £103,477, against which they hold only
about £15,000 of securities extracted frnlia,
him a few days previous to the stoppage, and their
right to which is disputed by his assignees. A fur-
ther noticeable point is that he is ascertained to have
been insolvent for the past 20 years, and that in th,e
years immediately preceding his break up be ha'
been giving away between £2,000 and £3,000 in °ha'
ritable donations. With regard to the other paid direc-
tar, Mr. Shand, his overdrawn account appears to
have been liquidated, and the only reproach is that he,
remained a director under circumstances of porsona'
difficulty such as to render it impossible for him to
exercise proper moral control over his offending 01-
league. The other directors, Messrs. Bibby, 1-101Ble'
and Rae, seem, as regards their pecuniary relations
with the bank, to have acted honourably. Mr. 11„(;
Withers, the manager, who enjoyed a salary of £3o'
per annum, was not a debtor to the bank except
account of shares to the amount of £6,717, and he
I
has made an assignment for the benefit of '
creditors. Mr. Jeffryes, the sub-manager, with,as
salary of £1,500, was a debtor to the amount on
of £558, which has since been :repaid. As res Pent) 0
the advances of the bank to Liverpool firms, tb
most singular is that to Messrs. H. T.
Cunningham, and Co., who were on the peint, ,t°
failing in 1866, when the bank, in order to avoid
loss of £60,000, agreed to carry them on, and 5.,11
the course of little more than a year became lose"
to the amount of £528,000.

THE ELECTRIC AND INTERNATIONAL TEL

GRAPH COMPANY.

TO THE EDITOR OF THE SUN.
Telegraph-street, London, E-0.9
Oct. 21, 1868.
SIR,—I beg to call your attention to the 04:
cumstance that in your impression of Mends.
evening, the 19th inst., you head a report of
trial in which this company was concerned—"
Windham v. the Electric and International..Te'e,,
grap Company." Allow me to explain that tb-ci
is an error. The case ought to have been head°
"The Electric and International Telegraph Cow"pany v. Mrs. Windham," and I shall feel oblig
if you would correct the mistake. As you CO1.;
rectly state the verdict was for the plaintiff;
as this company, and not Mrs. Windham, was t;
plaintiff, your report conveys an altogether 40.-
rect impression of the result of the trial.-1 31121
sir, your obedient servant,

THE SECRETABI''

.111,11?KE7 8-7 lIIS DAY.

MARK-LANE. ejo
Only a moderate quantity of English wheat was
here to-day; nevertheless the demand for both red
W°
white parcels ruled inactive. In prices no change
place.
With foreign wheat the market was well supplied. 6°l°s
progressed slowly, at the rates previously current. ige
Floating cargoes of wheat were dull of sale; otherW—
the floating grain cargo trade was steady in tone.
viaS
The supply of barley was moderate. The trade
firm, especially_ as regards fine malting parcels, Wlld
realised full prices. Grinding and distilling sorts reel's
previous quotations.

Malt changed hands to a fair extent, at late rates. to
In oats a fair average business was passing, and
value of corn was well supported.
Beans were firm, at late rates.
Peas found t uyers on former terms. to
Most agricultural seeds met a fair sale, but linseed
raposeed wore quiet. Cakes wero steady.

TALLOW.
The market is firm. Town tallow, 49s Gd ; Peters
; Y.C. on the spot, 44s 6d. ; December, 44s 6d Jall°3ll
45s ; March, 455. 3d.

BOROUGH HOP. fpadi
Messrs. Pattenden and Smith report a continued
demand of a retail nature for all descriptions of both P";:i
lish and foreign. Stocks of choice qualities are le
small, prices being unchanged.