The Sun.
London, England, 1844-06-11 00:00:00

MONEY MARKET arid.- CI TY- NE WS.

FROM THE MORNING PAPERS OF THIS DAY.

"CITY, MONDAY EVENING.
TIMES.—Cape of Good Hope papers to the 16th of
April have come to hand. Sir T. Maitland, the new
Governor, contemplated some revisions in the laws of the
colony, which appeared to give very general satisfaction.
News from Natal to the sth had been received. at
Graham's-town, according to which the Boers seem not
altogether to relish English supremacy, and it Was
rumoured that several intended again to retire beyond
the bounds of-our sovereignty. AdVices are reported
-front lelmbde and Angra Pequina of the supply of guano
-continuing to be shipped in abundance.
By this Opportunity we learn the intelligence of the
massacre of Lieutenant Moulsworth and seven of the
crew, at. Madagascar, of her Majesty's ship Cleopatra,
. where she struck on a coral reef. The statement is, that
they went on shore to disengage the kedge anchor after
the vesser had been warped off, when they were attacked
by the natives, and slaughtered before assistance could
be rendered. • '

Her Majesty's ship Wanderer had arrived at Simon's
Bay, reported from Penang the 22d of February, bound
to England, having on board one million and a half of
specie, supposed to be another instalment of the China
ransom.

Port Philip papers of the.sth of February have also
been received. Appearances of a revival of business are
alluded to,- and the emigration of, persons of middle-class
circumstances encouraged. Captalists. are strongly in-
vited to visit the Australasian shores in the present times
of depression.
The Haitien papers of the sth ult., which have been
received in the City, state that on the 3d, after a delibe-
ration in the National Palace of Port Republicain, Gene-
ral Guerrierwas named President of the Republic, in the
place of Herard. The manifesto of the citizens of Port
Republicain to their " brethren " of the departments of
the. Republic, as well as the other documents connected
with the event, have the words " Liberty," " Equality,"
for a motto, and the language is that of the French re-
volution.

HERALD.—The following announcement appeared
in the Bankers' Circular of Saturday :---
" The London 'bankers met todayin form at the
Clearing-house, and signed a letter to Sir Robert Peel,
of the nature of a warning and remonstrance concerning
the restrictive character of the clause which limits the
Bank to the issue of no more than 14,000,0001. on secu-
rities. It is a document confined to the City bankers
who clear,' of course comprising all the principal City
firms."

This is exceedingly cool, and in good taste. Here we
have a portion of the City bankers assembling in the
Clearing-house for the purpose of denouncing restriction.
Why, these gentlemen restrict the privileges of the
house in which they assembled to their own order, and
exclude all the joint-stock banks in London from a parti-
cipation in these privileges. It is more than passing
strange that the intensity of their regard for the well-being
of the commercial interests of the City of London should'
never have led them to reflect upon the injurious
tendency of their own restrictions to that interest.
There is reason to suspect that there is more in this
movement, than meets the eye. The sense of justice and
the liberality of Sir Robert Peel are about to place the
joint-stock banks oi London on an equality with the
other banks, and we are rather inclined to believe that
the clearing bankers are- becoming a little sensitive on
the subject, and apprehensive 'about the result. Many
of these gentlemen are worthy and highly-respectable
men, but the declaration alluded to adds another to the
innumerable list of cases which proves how 'difficult it is
for humanity to act consistently when real or imaginary
interests pervert the mental vision. For a clearing
banker of the City of London to declare and protest
against restriction is, in the literal sense of the term, like
Satan reproving sin. In reply to their memorial or re-
monstrance, Sir Robert Peel will be perfectly justified
in advising them to look at home and take the beam out
of their own eye, before they attempt to take the mote
out of their brother's.
SUN.—The Public Securities close better than in the
morning, as we anticipated would be the case. Consols,
98* to for the opening, and Reduced Three-and-a-
Half per Cents., iol:3‘. The Unfunded Debt was the
same as in the morning.
Spanish Bonds also improved, going even a shade
above Saturday's values. The Five per Cents. were
221 to and the Three per Cents. 33i to 33k, and for
time up to 34. Portuguese Converted Bonds were
marked 46i to 1,. Colombian were 13* to Russian
were firm at 118.

The additional transactions in Railway Shares this
afternoon were as follows :—Dublin and Cashel, 2i ;
Great Western, Half, 28 ; Birmingham, 120 ; South-
Western, 46k ; Croydon, 5 ; Manchester and Leeds, 37;
Ditto, New, 13; ; Ditto, Quarter, 7 ; Northern and
Eastern, 12 ; Trent Valley, 5i ; South-Eastern, New,
64 ; Yarmouth and Norwich, 44 ; Scarborough, 161 to
17 ; Paris and Orleans, 181 ; and Rouen and Havre,
10 premium. Brighton, 2i ; and Greenwich, 5iU dis-
count. Australasia Bank Shares were 3} to 4 ; nion
of Australia, 2 ; and Provincial .of Ireland, 20k prem.
British North American, 81 discount.

A ,e LEE TLE " OVERSIGHT OF SIR
ROBERT PEEL.

TO THE EDITOR OF THE SUN.

SlR,—Our inestimable Premier, lost in the profun-
dity of his never-to-be-sufficiently-stared-at contri-
vances, about the circulation, has, alas ! overlooked
one microscopic interest—that of the depositor

The vast resources of the Minister's mind have been
exhausted to provide fur the safety of A. 13., the holder
of perhaps three five-pound notes ; but C.D., who has,
possibly deposited fifty or a hundred thousand pounds
with his bankers, is left to take care of himself as he
can. The ratio of deposits to circulation varies im-
mensely—being low in manufacturing, very high in
agricultural, districts.
In two cases, under my immediate observation, the
proportion is, in one instance, a thousand pounds' de-
posit to a hundred pounds' circulation ; in the other
two thousand to a hundred pounds.
Let us imagine a scene.—The llon. Mr. Rentscrew,
proprietor of 5,000 acres in the county of '
--
has occasion to draw out 50,0001. of the 100,0001.
he has deposited with the Messrs. Flash and Grasp,
the Tory bankers of
Rentscrew would not trust his money to Whig free-
traders), and walks into the bank one fine morning for
the purpose. The nature of his business being un-
known, he is, of course, bowed into the room of the
principal partner; who receives him with the blandest
smiles, congratulates him on the last division in the
House, &c. But, alas ! business must come at last ;
and what a change " comes o'er the spirit of the
dream" of the hitherto smiling Mr. Flash ! After
much fumbling with the watch-chain, and biting of
the pen, Mr. F. is at at length obliged to confess that
the 100,000/. of the Hon. Mr. Rentscrew must be
numbered with the things which were; that the firm
had speculated deeply in American bonds, which the
Yankees had nobly repudiated (" base is the slave
who pays"), and that the said firm, issuing only Bank
of England notes, or sovereigns, and being therefore
free from the supervision and suspicion of numerous
small holders of its securities, had been enabled to go
on till the ratio of its assets to its liabilities was as one
to seven hundred and fifty-seven !
In this case, what benefit will Mr. Rentscrew derive
from Sir Robert's regulations of the Bank of Eng-
land, his "issue department, fourteen millions based
on Government debt, &c. ?—Yours, &c.,

COMMON SENSE.

FLANDERS MAIL.

GOTHENBURG, JUNE I.—A salute of artillery an-
nounced the arrival, yesterday afternoon, at two o'clock,
of his Majesty. We need hardly say that the streets
through which he passed were crowded with thousands of
citizens, who received him with loud acclammations, and
surrounded the carriage, on which showers of bouquets
were thrown. To-day the King is to lay the first stone
of the new Exchange. The enthusiasm of the people
is boundless.

RUSSIAN FRONTIERS, MAY 23.—According to the
latest accounts, the war in the Caucasus will be carried
on with greater energy than ever as soon as the army
now there is reinforced by the fifth corps of infantry.
The Emperor has thought it necessary lately to issue a
proclamation to the troops, in which he is pleased to
express a hope that they will show themselves, in the
field of honour, worthy of his Majesty's expectation,
and endeavour to draw on themselves the entire attention
of his Majesty the Emperor.
POSEN, MAY 31.—A great sensation has been caused
here by a remark of the German journal of this city. It
states that the sudden journey of the Emperor of Russia
(though accounts from St. Petersburgh received a few
days ago, said that ho would not leave the Empire this
year), is connected with his plan to abolish the kingdom
of Poland, and to incorporate the country with the
Russian Empire, and give it the name of a Russian Go-
vernment. What ground there may be for this intelli-
gence is not stated, and we must wait to see whether it
is anything more than an idle report; it is, however cal-
culated to excite the greatest alarm amongst the Poles ;
for if' the name of the kingdom of Poland, is once struck
off the list of European kingdoms, it will soon be com-
pletely Russianised. The name is of great importance in
these matters. Judging by 'the consistent conduct of the
Russian Government in Poland hitherto, such a step may
certainly be expected in time, if not so soon.
COBLENTZ, MAY 31. It is said
that the Address to
O'Connell, which has been circulated in several towns of
the province of the Rhine, has given occasion to some
discussion between the English and Prussian Govern-
ments.
HANOVER, JUNE s.—Mr. Charles Frederick William
Evers, our Synde, having been chosen by the magistrates
of this capital, and presented to his Majesty as Director
of the City, his Majesty has been pleased to confirm
his election to this important office. This being the
King's birth-day, who completes his 74th year, his-Ma-
jesty has created a new distinction in honour of fifty
years military service, and gave it the name of the Cross
of Ernest Augustus. The first officer who receives
this cross is his Royal Highness the Duke of Cam-
bridge.—Haniburgh Papas.

PRINCESS ROYAL STEAMSHIP. —This favourite ves-
sel, having undergone considerable improvements in her
cabin accommodations, has again taken her place in the
line between this port and Glasgow. We have no doubt
she will sustain the celebrity she has already obtained,
and that the continued patronage of voyagers to the west
of Scotland will remunerate her owners. Of one so well
known in the Glasgow and Liverpool trade as her com-
mander Captain M'Arthur, it is scarcely necessary for us
to observe that he still ministers to the comfort of the
passengers under his charge.—Liverpool Albion.
ENNISKILLEN.—The Hon. Henry Cole, younger
brother of the late Member, will be returned for this borough
without opposition.