The Sun.
London, England, 1844-06-10 00:00:00

A NEARLY INCREDIBLE FACT.

THERE ARE GREATER SIMPLETONS THAN
SIR ROBERT PEEL.
TO THE EDITOR OF THE SUN.
Sza,—l ought to apologise to yourself and readers
for returning so often to one subject—the apology is
to be found in the fact, that on that one subject
hangs the prosperity of the empire.
The assertion which heads this letter appears to be
a most daring one, but I will speedily establish its
truth.
The Directors of the Bank of England, Sir, are
the persons whose obtuseness of intellect surpasses
that of the Premier.
I showed, in a former letter, that the " prfrvilggen
of issuing notes to the same extent as their bullion,
is a concession from which they cannot, by any pos-
sibility, make a gain of one penny. What results ?
why, that the real effect of Sir Noodle's plan is, to
reduce the Bank circulation to fourteen millions, or
about one-third of its present amount.
For this advantage, the Bank is to increase its
allowance to Government.
Are there not any respectable gentlemen residing
in Bedlam whom the Bank Proprietors could put in
the place of their present Directors ?
It is quite obvious, that if the present men should
recover an iota of common sense, they will net issue
a single note on their bullion, but lend the bullion
itself.
It seems wholly to have escaped the profound
mind of our unequalled Premier— (What crimes have
we perpetrated to be cursed with him ?)—that de-
positors, as well as note-holders, are entitled to de-
mand gold of the Bank.
Now, let us suppose, that Providence should deign
to work something like a miracle, and open the eyes
of the Directors—that, in consequence, they should
decline to issue notes on their bullion, and lend great
part of the latter.
Imagine the stock reduced (as it has bean already)
below two millions; that a demand for gold (for im-
portation of corn or otherwise) arises ; that a panic
follows (panics have occurred within the last five cen-
turies)—what is the consequence ? Not only the
holders of the fourteen millions based on the Govern-
ment debt, &c., come for cash, but the depositors like-
wise. Whence is it to be obtained ?
This brings me to another Peel-ian sublimity.
The real (and, if the Directors have a plain of
sense, the only) paper circulation of the Bank is to
rest on the debt due from the country, to the extent
of eleven out of the fourteen millions.
Now, is the Government the debtor, par eminence,
from whom the debt can be most quickly realised in
gold? Are we to understand, that if the fourteen
millions of notes are driven in, the Government is
bound to produce forthwith eleven millions of gold ?
If not, what security have the .holders of being
paid in specie ?
If the Government be so bound, from what source
is it, at a week's notice, to produce the bullion ?
Be assured, Sir, that if this monstrous, delirious
dream of a oonfused intellect be suffered to pass into
law, the very existence of the State is jeopardised—
half the merchants and traders of the empire may be
ruined in ten days Always yours,
COMMON SENSE.

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TIIII HIGHLAND MOORS AND RIVERS.--The
Highland moors will, in all probability, be occupied during
the ensuing shooting season by more than the usual average
number of sporting gentlemen from the south. Several
shooting residences are already taken, and for many of the
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et o respecttm:oes
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principal places there are numerous inquiries. Among those
let are the following :—Gildermory, to the Earl Selkirk; In-
verbroom, to Sir St. George Gore, Bart. ; Foyers, to Charles
Evessfield, Esq.; Pitman, to E. Laverack, Esq. ; Strathvaich,
ermooeupfoßreot'airsrsnbCeltebihsile.ilenygolfn. circumstances; broods are numerous
to C. M. Campbell, Esq.; Glenevis, to J. F. France, Esq.;
grouse, there is every reason to expect an abundant supply.
ws°Ktht
and coveys large. In all such places there will be few in-
Angling has not been very productive for the last fortnight,
owing to the rivers being so small from the want of rain.
nail
etrnhat licrnenaelsuol
ms6ottfwob eefcSarrhysi
Many persevering parties have, however, bcen• rewarded
and William Coke, Esq., have had excellent sport; in the
Blackwater, H. Ross, Esq., J. Pell, Esq., and Mr. Pimm have
got good fishings; on the Spey, Mr. Witsloo has been very
successful; and en the Findhorn the Hon. George Stuart
has killed a number of fine fish. The lake anglers—those
lovers of beautiful scenery, who wander rod in hand, searching
in every lake, tarn, water, and burn, for the peculiar scaly
tribes which inhabit them, are enjoying delightful weather
for their rambles:—/arerness Courier.
Lycnum THEATRE.--The following distinguished
persons have visited this theatre during the week :—The
Duke and Duchess of Leeds, Marquis and Marchioness
of Normanby, Earl and. Countess of Sheffield, Lord and
Lady Dartmouth, Lady Villiers Stewart, Earl and
Countess of Kenmore, Lady Kinloch, Lord and Lady
Brougham, Lord George Loftus, Lord Marcus Hill,
Lord and La ly A dare Earl and Countess of Wilton,
Lord Beaumont, Lord 'Hawke, Marquis of Huntley, Lord
Carrington; Lady Mary 'Christopher, Lord Braybsook,
Lady Kinnosl, Sir Winston and Lady-Barron, Sir Clif-
ford and Lady Constable, Sir T. Gage, Sir Robert and
• John
I.a•ly Harland, SirnGerrard, ptain and the son.
Mrs. Ramsay, Mrs. Mountjoy' Martyn, llon.•.Mr.- Rams-
den, Hon. Mrs. Murray, B. Betfield, 31 P., and
family; E. R. Tunno, Esq., Colonel Gwynne, George
Wombwell, Esq. Mr. Whitbread, M.P., &c.
SINGULAR CIRCUMSTANCE AT SEA.—.A. Yety sin.
gular circumstance has been communicated to us by
Captain Vickers, of the tchooner Henry Curwen, of this
port, deserving of the notice of scientific individuals.
On the 7th of May last, in lat. 44 North, and lon. 32 35,
about four o'clock in the morning, it .was discovered
that all the watches on board, and the chronometer, had
stopped ; and, on referring to the compasses, of which
there were three on- board, they pointed to different
parts, and were fur a time uselesq. In about two-hours
afterwards the watches and chronometer recommenced
Loing, and the compasses became apin as before,.
iverpool Paper.