The Sun.
London, England, 1826-02-21 00:00:00

EXECUTION.

At a few minutes after eight o'clock this warn-.
ing, the dreadful sentence of death was put into
execution in the Old Bailey, upon the persons of
Edward Cockerill, aged %9) and John Jones, aged
424, the former for forgery, and the latter filr a
burglary in Grafton-street, Soho. The circum.,
stances of the crimes of each, have been so lately'
before our Readers, that to enter into any detail
would be unnecessary. The conduct of Cockerill
was peculiar : his opinions upon Eternity he
avowed to be those of an Atheistx and copse.
quently declined all religious advice or console.
tion, and calmly awaited the moment of execu-
tion without any apparent fear. Jones was alto-
gether the reverse : he was very penitent and
resigned. This morning, at a few minutes before
eight o'clock, both the Sheriffs arrived at New.
gate, and proceeded to the Press Room. Cocke-
rill having declined being present at the reading
of Prayers, walked up and down the yard with one
of the turnkeys,seemingty having as little apprehen.,
sion or fear about him as the most unconcerned
spectator. When h© wes about to be pinioned, he
expressed some acknowledgments to the Sheriffs
and Mr. Woutitert observing, with a smiling
countenance, lam very comfortable indeed."
Ills (inn composure astonished every person,
Jones was introduced and pinioned; he was very
calm, and said nothing. At sight o'clock the
procession set out for the scaffold. Cockerill
bowed to the officers, of the prison as he passed
along. Jones first ascended the scaffold, Cockel
rill next, and in a few minutes the drop fell ;
Cockerill struggled in very dreadful convulsion*
for several minutes. The crowd was very great,

_

I,,ONDON

DA MY
Exiracts frone the Morning P qpers , FO. 1V,6.

[IVIORNIZIG POST.]
n tire nape of Lords, last night, the Bank
Charter Alteration Bill went through a Com-
mittee, in which the Earl of Liverpool introduced
a new clause to permit the Bank of England to
establish Branch. Banks in various parts of the
country. lit the event of the Bank not availing
itself of the perrxdssion thus granted, it is expect-
ed that it will have the liberality to allow Char-
urea Banks to be instituted before the expire-
don of its exclusive rights, and within the sphere
reserved for their operation. Their Lordships
seemed unanimous in favour of the clause, which
was of. course adopted. The debate upon the
Bank Notes Bill in the Commons had scarce any
novelty. The Chancellor of the Exchequer moved
his proposed amendment for extending the period of
inning, one and two pound notes by the Bank to
the 14th-. of Oct. next. The objections to this
wise and salutary clause were most satisfactorily
and triumphantly answered by Mr. Secretary
Canning, Mr. Secretary Peel, and Mr. Huskis-
son; and on a division the question was carried
by ri majority of 187 to 21. Another clause, pro-
posed by the Chancellor of the Exchequer,
im-
posing a fine on any person re-issuing notes un-
der 51., after a given 'period, was also agreed to ;
and on the House being resumed, the further
consideration of the Report was ordered for
Thursday next.

rtllt PUTILIT L,EDGEII.I
Yesterday letters were received from Con-
stantinople to the I and from Smyrna to the
3d ult., but they contain no political news. The
mercantile intelligence in them is gloomy on the
whole—trade very dull, and the exchanges
Mr. Canning had not yet arrived, nor wns the time
of his expected arrival exactly known. Sir EL.
Neale, the Commander-in-Chief of oar naval forces
in the Mediterranean, would accompany his E.
cellency in the Medina, Capt. liamiltoe, as far
as Constantinople. Respecting the relations with.
Basssia, the impression occasioned by the death
elf the Emperor Alexander seemed to have
worn off; and the fear of tin approaching
rupture had almost wholly subsided. En the
nearest Russian Ports, an opinion equally favour-
able to the continumwe of peace between the
two Empires prevailed, us we learn by letters
from Odessa of the 26th ult. received yesterday.
Crp to that period, not the slightest movement
had taken place in any of the Russian corps sta-
tioned in the immediate vicinity of the Turkish
frontiers. Several Officers, however, had been
arrested at Odessa on the charge of being impli-
cated in the late conspiracy'; but beyond the
surprise occasioned by the arrest of so many per-
sons, who had hitherto held an emiuent station
in society, the affair produced no other sensation.
It 'was carried into effect with as little opposition
as fr it had been a matter in.which the most 01)-
w:re individuals were concerned ; and this shews
that either the Government must have acted with
extraordinary prudence and decision, or that (he
disposition of the army, taken ns it body,'tias
been grossly misrepresented. Perhapa both these
inference may be adopted with, perfect safely,
and to 'this
from it recent letter from the • ItUniatt capital ;
and, if we were at liberty to ;motion the name
of the, writer, the majority of our Readers would
Ho doubt follow 011 r example. When we Mato
that he is a person of undeniahle la-
hilityvas regards character and station, and that
be possesses besidl'fi first-rate metros of inforina-
tion, as well as a tried judgment, we have stated
enough for our present purpose. In his commu-
nication to an intimate friend in this country, he
speaks of the crisis which followed the death of
Alexander as past ; and he gives it, moreover, as
Iris deliberate opinion, that there is not the faintest
pobpoct, for the present, of a rupture with the
Park.s. At the same time, he • speaks of the
resigning Emperor in the very difficult circum-
stances in which he had been recently placed, in
ilirms of almost unmeasured praise ; and nothing
Onld exceed the forbearance he displayed in the
first instance, but thu firmness and tleckiini he
subsequently exhibited, 'when he found tb3t tiro
reamer was unm%iling. In fart, Lid, youlignince
has already earned golden opinions, from those
who have had ti.e best opportunity of witnessing
his conduct ; and his reign, instead of being
marked with the blond of myriads of human he-
lags, slaughtered on the altar of. ernbilion, as we
had, at one time, thought ourselves, is likely, on
the contrary, to be an era of justice utid peace,

[MORNING HERALD.]

There was ;general improvement in the state
of the Money Market yesterday, but no reason
dm be assigned for it, because money is not one
jot more plentiful. The vacillating conduct of
the Ministry respecting the currency is the cause
of universal dissatisfaction, and is, as generally
'reprobated. the general opinion seems to be
that they ought to have weighed well the condi-
tion of the country, and when they had con-
cocted their measures to.efford what relief was
in their power, to have steadily persevered
without a single deviation,and •not to stultify the
plan proposed one day by altering and modify.
)ag it the next. By this tneans they render pro.
party insecure and fluctuating in value, which
superinduces that system of, gambling specula.
. tion they affect so much to, condemn. Those
tukst
.acciattiated with the internal state of the
4,:ountry are, however, by no means of opinion
that the Ministry will be ultiln4teiy able to sup-
port the price of public securities, and that
therefore the present rise, is hilt temporary, and
will soon be coutiteracted by the universally pre.
veiling distress amongst the manufacturin4 and
commercial classes,—The death of Mr. Gold.
schmidt was the most promiaeot subject of con-
,,,Nrsatiou n 'Change yesterdse:. It seemed to
-;ol4tili.a even some of. the most obdurate gamblers
but a temporary
with a deep, although probably
of the vicissitudes to which those are
41111P""1 that come within the vortex of our wide.
gProad speculative system. A very respectable

Bill Broker was obligeil to stop payment yester-
day, in consequence of having put his name upon
bills to a large amount for Goldsclnidt's ilOll5O.
It is estimated that the debts and liabilities of
that firm will exceed the assets by nearly half a
million.

DiqRNING CURONICLE.I
The qualification with which the power to the
Bank of England to issue Small Notes till Octo-
ber next, is to, be granted, 'frees it, in our opi-
nion, from the only objection to which it was
liable. Lord Liverpool stated last night, that
Ministers would have no objection '6 to accom-
pany the clause with any guard that could be
devised to prevent mischief. Their Lordships
might call on the Bank for weekly or
monthly returns of the number of Notes
they issued. The only object of the clause
was, not to destroy the effect of the measure,
but to meet a temporary difficulty. lie was sa-
tisfied that the Bank could not, on this Account,
extend its issues of these Small Notes beyond
►what was necessary ; but he had no objection
whatever to accompany the Clause with a suffici-
ent guard." As there is little doubt that, from
the discredit in ►which the Paper or Country
Banks is at the present moment, these Banks will
be able to avail themselves, in a very limited
degree, of the power to circulate the Notes
already stamped, it is sufficiently obvious that,
till the void is filled up ►with a metallic currency,
the industry of the country would be very much
cramped without the substitution, for a time, of
paper in good estimation. There is little danger
that the Bank of England, under the guard of
publicity, and with the knowledge that the Small
Notes must all be withdrawn ►within three years,
will abuse the power entrusted to them. There
is little question that the country would have
suffered considerably from the suddenness ►with
which the change from a paper to a metallic cir-
culation was about to be effected.; and the
removal of the apprehension of difficulty,
in obtaining a medium of exchange, has al-
ready had the most beneficial effect in reviv-
ing confidence. We should alwayS bear in
mind, that with the exception of the money lent
to South America►, and expended on foolish pro-
jects, and which may be set down as lost for
ever, and the balances between the prices we
paid bit year for the cotton and other goods im-
ported,, and the prices at which they were again
exported, the property- of the country has suf-
fered no diminution, however great the changes
may have been iu the relative positions of indi-
viduals. Where there has been a loss, there has
also been somewhere a gain ; and, however de-
moralizing and distressing these fluctuations may
be, the loss, in a national sense, limits itself to
what we have stated.

TBAITISU Him.
.1
The proceedings in Parliament last night will
be read with great interest, for both Houses were
occupied with the discussion of the subject that
almost exclusively occupies public attention. In
the' Undo; the Bank Charter Bill went into a
CoMmittee, andi'efter a good deal of desul-
tory -conversation,; was ordered to be mom»
witted on Friday. next. When their .Lordships
Were in the ComMittee on the Bill, a doubt arose
whether the Bank could delegate sufficient power
to the Branch Batiks to enable them to conduct
their business ; and to obviate any difficulty that
might arise from that circumstance, Lord Liverpool
moved a clause giving to the Bank the requisite
authority, - A very animated discussion arose in
the Committee on 'the Promissory Note Bill, in
the House of Commons, in consequence of an
amendment moved by the Chancellor of the Ex-
chequer to extend the time for the commence-
ment of the operation of the Act as to the issues
of the Bank until 7th October. The Right Hon.
Gentlemen stated, that his reason for proposing
this amendment was to prevent any vacuum occur-
ring iu the circulation of the country by the Sudden
contraction of the issues of provincial bankers.Ttiis
alteration in the bill would completely obviate any:
inconvenience that might arise from that circum-
stance. Mr: Abercrnmby, with great warmth,
combs fed this new proposition of the Chancellor
of the Exchequer, and declared it an abandon,
went of the principle of his Bill. •My. canning,
however, satisfactorily answered the Honourable
Member, by stating the facts that had come to
the knowledge of Ministors upon this point, and
declared that the accounts they had received
from the country within the last three days
fully justified the predictions expressed by Mr.
Baring on a former evening ; and It was on that
ground alone 'that his Right Honourable Col-
: league- had been induced to a certain extent to
alter his original plan. Mr.' Canning further
stated that he was ignorant, even so recently as
December, last, that the Bank had the power of
issuing small notes, and 'the fact of the Directors
refraining from the circulation of them,' was the
beSt proof that could be adduced of the liberality
of that Corporation in not availing itself of so
profitable a privilege. After a lengthened &bate,
the Committee divided tiptin Mr. Robinson's
Amendment, which was carried by a majority
of 13.

Bills already issued till the price rose to par. We
cannot help reverting to the mischiefs and even
cruelties likely to ensue from the exclusive issue
of small paper by the Bank. Country banks are
now calling in their one and two pound notes ;
time and use also are wearing them away ; and
no fresh stamps are allowed. The small notes
of the Bank will begin, therefore, to protrude
themselves into all the provincea as the ex-
clusive medium of barter among the manufac-
turing classes. And how are they to be guarded
from imitation ; or how, being imitated, are the
forged notes to be detected ? Forgeries were
most afflictingly frequent when the one and the
two pound notes of the Bank made up but a
trifling part of the smali.note currency of the
realm, and when they were only circulated among
the more knowing chapmen of London, who had
the means of detection near at hand. What will
be the case when they pass into remote districts,
and constitute the whole paper•currency of the
laborious classes, who may travel miles before
they can find a person competent and willing to
say whether a note is real or.forged ?

[TUE REPRESENTATIVE.)
Last night the House of Lords resolved itself
into a Committee on the Bill for the better regu-
lation of Banking establishments, when Lord
King alleged that the Act of the Noble Earl at
the bead of his Majesty's Government, in conti-
nuing to the Bank of England the privilege of is-
suing U. and 21. notes, overturned the arguments
he had used while discussing the principles of a
sound currency. To which Lord Liverpool re-
plied,that altho' it was the duty of Government to
provide the country with a metallic currency,
still it was necessary that sufficient time should
be allowed for effecting so important and so diffi-
cult an undertaking. To obviate this difficulty
as much as possible, the power of issuing small
notes was to be continued to the Bank of Eng-
land until the 10th of October next, when he con-
ceived all further issue of such notes might be
discontinued altogether, without occasioning any
public inconvenience. After a few words from
Lord Itoseberry and Limerick, on the state of
the circulating medium in Scotland and Ireland,
the House resolved itself into a Committee on the
Bill, when a clause was introduced, defining the
power which the Bank of England could vest in
their agents, if that body should think proper to
establish branch banks in country districts. The dis-
cussion of the measures proposed for the regulation
of the currency occupied, as might be expected
from their vital importance, a large portion of the
attention of the House of Commons last night.
The principal novelty was the petition of William
Cobbettrof Kensington, in the county of Middle-
sex, stating that he, the said William Cobbett, is
a prophet, and foretold all the difficulties which
had fallen upon the country, and praying the
House to enact a law, enabling every man to liqui-
date his debts by a payment of 10s. in the pound
Mr. Ilume accused Ministers of having admitted
Mr. Cobbett into their councils ; and, by means
of a select committee, he proposed to rescue them
out of his hands. Mr. Robinson, Mr. Peel, Mr.
Canning, and Mr. Huskicson defended the views
of Government with their usual ability, who were
warmly supported by Mr. John Smith, Mr. Pearse,
the Director, and Mr. Baring. They did not flinch
from the principle on which the original resolu-
tion was grounded.; but they maintained the
expediency of postponing its complete operation,
until a sufficiency of time had been allowed the
public to make the requisite arrangements. They
preferred what was safe in practice to what,
under more propitious circumstances, they ac-
knowledged to be sound in principle.

EN EW Ti mcg.]
There Ls no leading article in the New Times,
,his day.

LONDON MARKETS.