The Sun.
London, England, 1844-10-08 00:00:00

CITY OF LONDON THEATRE

Mr. Wilsone, late of the Haymarket, has become
the lessee of this pleasant little theatre, -and has very
judiciously placed it under the management 'of Mrs.
Walter Lacy. Free trade in the drama is already
beginning to produce its effects. At Sadler's Wells
Shakspeare has extinguished Ainsworth. Lessons of
virtue have superseded lessons of crime—genuine
poetry has taken the place of bombast and absurdity—
Jack Sheppard has been deposed and Hamlet reigns
in his stead. At the City of London a change of a
very similar nature has taken place, the only differ-
ence being that while Melpomene is the 'goddess to
whose worship Sadler's Wells is devoted, the City of
London Theatre is the temple par excellence of her
sister Thalia. An exeellent comedy company has
been engaged, and the theatre opened last evening—
not as of yore with Dick Turpia, nor any drama of
the flash, swindling,' or blue fire school—but with
The School for Scandal, with Mrs. Walter Lacy as
Lady Teazle. In making these observations, it is far
from our intention to cast any reflections on the
former managers of these establishments: they did but
as the then law compelled them to do, and the law
and its makers and upholders were alone in fault. It
was said by the supporters of monopoly that the
people have no taste, that they preferred spectacle and
nonsense, and that the legitimate drama would never
pay at a minor theatre. Let the brilliant success of
Sadler's Wells, raised solely by the legitimate drama
from the very depths of ruin to respectability and
prosperity—let the crowded audience at the City of
London last evening answer the calumny. The fact
is, the people have infinitely more taste for genuine
poetry than the aristocracy. They love, they
understand, they appreciate Shakspeare; they
are proud of him too—he was one of
themselves; he speaks' at once to their hearts,
for they have hearts to speak to; while, for
the luxurious and the super-refined, Shakspeare is as
a sealed book—he is too intellectual for them ; they
require excitements more sensual to rouse them from
their apathy. We were delighted with the attention
which was exhibited last evening during the whole of
the performance of the comedy. It was acted through-
out very respectably—in
crowe Seldomwert hy
has Sheridan 's chef louvre been performed to a more
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experiment with great interest, and he has our best i
wishes for its success.

CEY MARKET and CITY NEWS,
PROM TIER MORNING PAPERS Of TRH DAT.

CITY, MONDAY EVENING.
TIMES.—We have been informed that in some
.parts
of the country a notion exists that a banker who issues
Bank of England notes is in some degree more worthy
of credit than one who issues his own paper. This no-
tion, which seems founded on some kind of vague belief
that the Bank of England is responsible for the liabilities
of these particular bankers, will appear ridiculous to all
who are acquainted with the real state of the case ; but
as the impression is prevalent enough to render it worth
while for some country bankers to signify by large
placards that they issue " Bank of England" paper, an
explanation of the relation of the parties will not be
thrown away. The Bank of England has nothing what-
ever to do with the credit and responsibility of these es-
tablishments ; it does not even make them advances,
unless indeed it discounts their bills, in which case they
are only in the position of any other bill-holder. Setting
this case aside, it is in return for gold and silver, or for
other Bank of England notes sent in by the agents of the
country bankers, that the Bank of England issues its
paper, by which it is obvious that it does not increase the i
currency one farthing, but only allows the country banks '
to have that money in the form of bank-notes which
they previously possessed in another form. Here the
transaction ends, as it would with any person who might
hand over 100 sovereigns at the Bank counter and take a
1001. note in return. As for the contract by which a per
centage is allowed to the country banker for keeping out
the circulation of Bank of England paper, that is an af-
fair with which the public have nothing to do. The Bank
of England is responsible for its own notes, and for no-
thing else, except to its own customers ; and the depo-
sitors who fancy that they have a superior security be-
cause they deposit their money in a bank that uses these
notes, are under a most singular delusion. A bank issuing
Bank of England paper may be just as good or just as
bad as one that issues its own.
SUN.—Stocks closed tolerably well this afternoon, Con-
sols being 1001 for Honey, and 100# for Time. The New
Three-and-a-Quarter per Cents. were 104 'without
the dividend for the opening. There was no other
change. _

Spanish Bonds continued flat up to the close. The
Five per Cents. were at 23 f, and the Three per Cents.
341 a. Portuguese Converted were 50 to 501. Mexican
Bonds receded to 34i 1. Colombian were 141 to -a.
Brazilian rallied to 86 and 87, and Belgian were 103.
The additional transactions in Railway Shares hare
been these :—Bristol and Gloucester were 16 to 1;
Chester and Holyhead, 3 ; Dublin and Belfast, 21 ;
Dublin and Cashel, 81; Eastern Union, Ito 1 ; Edin-
burgh and Glasgow, 131; Great North of England, 231
to 26; Kendal and Windermere, 2; South-Western, 34i;
Croydon, 24 to 1; London and York, 11; Midland 9 to
Newcastle and Darlington, 27 to 1 ; Northern and
Ellstern, 12; South-Eastern, 7 to 1 ; York and North
Midland, 551; Ditto Selby Scrip, 40; Central of France,
I-a; Boulogne and Amiens, 2to 1; and Orleans and
Tours, 1 to I. premium. Brighton, Lewes, and
Hastings have been 1; Eastern Counties, Ili; Green-
wich, 2f to 1; and Midland and Birmingham and
Derby, 21 discount. London and Westminster Bank
Shares were 61; and Union of London, 1 premium.

BRIDE OP STRONG WIND.--We stated last
week, on the authority of the Sentinel that the English
bride of the Ojibbeway Indian had returned to the pa-
rental roof, in consequence of the parties not having been
able to agree. A gentleman, who called upon us a few
days ago, has informed us that this report is incorrect,
he having seen a letter, which the bride had written to
her father, stating that the happy couple had landed at
New York, and giving evidence that they were living on
the most affectionate terms,.—.,,Liverpool Albion.