The Sun.
London, England, 1844-07-08 00:00:00

T 4 I 7" S MAGAZINE.

This Magazine—an unusual thing with Tait—has
not reached us till this day, about four days after.
date, wllich will account for our delay in noticing it,
and also for the brevity of-our notice. We have
hastily cast our eye over -the Number, and find it
neither !better nor worse than usual; the best, or at
any rate the most readable article is the notice of Mr.
D'lsraeli's "'Coningsby," to whose elegance and
sp4htliness of dialogue, the Reviewer does every
j fistice.

GREAT ‘WESTERN RAILWAY.
TO THE` EDITOR OF THE SUN.
Stite:4 believe it is not generally known to.the Public
that the receipts returned weekly in the public news-
Tapers of the Great Western Railway, include the re-
ceipts alsoof the Bristol and Exeter Railway,.which has
'beeit Sonie;weeks open all the way to Eieter ; the length
of both is about 200 miles, and the- one a continuation
of the other. As pro Bono patitxr: is your motto, you
will, Perhaps, set the public right on this matter.
My only object in writing is the circulation of truth
,the public will then lie enabled to appreciate the value of
the shares-. ""Yotirs,.respectfully,.
A CONSTANT READER OF TWENTY YEARS.
Bath, July .5, 1844: - • ,

CONDITION OF THE TURE
TO THE EDITOR OF THE SUN.

Sin,--Well, 'the Running Rein case has been heard,
and a pretty expositiOn'we have. The black-leg tricks,
it turns out, are not confined to little folk, but are prac
tised amongst the great ones—yes, the Jockey are
not free Trom it.

After all this, if any one who is not " in the secret"
of the noblemen's and gentlemen's thimble-rig, is silly
enough to make a bet (little or much), he ought to pay
for -his folly. - Leave the great ones to juggle and fleece
each other.

Since Lord B. deelared, 'some time ago, against a
certain great' stable, there has. been nothing' but a war,
of villainy, and the robbing of honest turf men has been
infamous.—Tours truly,
.; • • FAIR _PLAY.
P. S. The conspiracy" amongst certain parties, w hieh
has long existed, has been very plain to me, and Many
others, nodoubt,:
for some time.

RUN ,UPON THE J3ANk OF ENG-
., . LAND. L p•

- TO THE, EDITOR OF THE SUN.
"Sir Robi.rt -Peel admits that the Bank of England
may issue notes to the amount of thirty millions—six-;
ten millions on bullion fourteen Millions on Govern-
ment debts, &c. ,The deposits exceed, hirteen 'millions.
I repeat a question I have put in a former letter. If a
panic should arise, and the depositors Withdraw thirteen
millions of gold, how are the thirty millions of notes to
be cashed ?' —Letter signed " Common Sense," in The
Sun of June 27, 1844.

Siu,—What a very curious fbncy.'of your corns-
.
pondetat, "Common Sense," to imagine a panic with
29,000,000/. of bullion in the toffer of the Bank of
England. If the proposed Bank Charter Bill should-be
carried 'into effect, that law must 'be iiifYinged, if
there be not 16,000;0001: of bullion in the issue de-
partment at all times: when there is a circulation of
30,000,0001. of notes ; so that, supposing ,the de-
positors to have had-thirteen millions, of bullion paid
to them from the banking department, there must
still -rOrnairy 16,000,0001. of bullion in the coffers of
the issue department, if 30,000,0001. of notes be
then left in ~circulation, showing that, if the position
of " Common Sense" should hereafter occur, the
Bank Must,—,previous to the payment of thirteen
millions of bullion to the depositors, and yet
having 30,000,000/. of ..notes. 'in . circulation—
be in possession 0f,'29,000,060/., of 'bullion immedi-
ately previous to the payment, of the depositors,
9,000,0001..,, in, ; the banking :. department, and
16,000,000/. in the issue department, as the
•Bank, by law; 'would be Pound__ to have
bullion in its cotters for every note issued above
14,000,0001.; so, there being an-issue of 30,000,0001,
there ought, and, of course, would be, 16,000,0001. of
bUllion, being the amount of issue over and above
14,000,000/. Your correspondent says that Sir Ro-
bert Peel admits that the Bank of t ngland may issue
30,00000/. of notes—to be sure the Bank may,
who can doubt it ?'==there is no limit to the amount
of issue of the Bank of England; the only limit is,
that the Bank must- at'all times httire a value in bul-
lion in the coffers of the issue department, equal to
Abe- whole issue &ger 14,000,000/. ; so the Bank of
England -might have' an issue of 100,000,0001. of
notes, provided it held bullion to the value d
86,000,000/.
Now, we find that although' the depositors shall
have paid thirteen millions from the banking depart-
ment, there will be sixteen Millions of_ bullion to
meet the thirty millions of notes---a very handsome
balance-sbeet for a banker to'show his customers. Yet
" Comnion Sense " asks, " how are 'the thirty mil-
lions of notes to be cashed r

Let " Common Sense" put himself in the position
of a merchant who is indebted to- his- creditors'
30,0001.; he has 14,0001. at his banker's, and in his
Warehouses goods valued at 1600/. • He 'calls bis
creditors together, shows thern the state of his affairs,
and .deploringly asks " HOW am '1 to pay you
30,0001.?" The replYWouldbe,:" Sell your goods, and
turn theM into cash.' So will the Bank of England
be enabled to sell. its ".securities,' and obtain cash
to meet the 14,000,000/. '.of .notes, should such a
necessity arise ; this is hOW the thirty Millions of
notes can be cashed. " Coininon '<Sense " ought to
know that a banker who Was. securities equal to all
demands upon him,' although: he:Ns not -at any one
instant gold to pay every. debtor, is no more insolvent
than a merchant who has not ca4l:4) pay every debt,
yet. has merchandise in his :possession which will
realise more Money than will 'satisfy every demand
upon him.
'!-Common Sense" does 'not know the working
of the. New Bank Charter Bill ;.• he fancies if the
depositors were to'make a detnand of 13 millions on'
the. banking department, and the gold was not there,
that it could be obtained from the issue department
without 13 millions of notes being presented. The
clerk from the banking deparfnient would not get
five sovereigns from the issue .department, if he did not
present a 51. note -for 'them, the' same as one of the
public. Whatever amount of billion may be drawn
by.the depositors from the''bankrng department, will
have no effect whatever on The amount of bullion
held by the issue- departmentywithout the :banking
department presenting mites to the issue department
for,,,the value of every Sovereign that may be required.
• I am, Sir,-Yours, &c. •
. Ilfracombe, June 29th, 1844.

R. W. D.

DETERMINED SUICIDE .DT SIfFFOCATION.---OD Fri-
day Mr, Wakley, f M.P., held an inqueit at the George and
Dragon, Buckingham-pkice, Fitzroy-square, do the body of
Mr. King, aged, 24, pianoforte-maker., ,Mr. Thomas Dedwick,
deceased's brother-in-law, Aepe_sed that he was a pianoforte-
maker, and that the deCeased lived and worked with him.
During the last 'twelve months,' deceased •sliffered greatly
from ill health and• depression of spirits. About two
months ago -deceased- -was greatly_ affected • ,at seeing a
female, to whom he was attached, walking with another
man, and from that periodhe was in a very melancholy state
of mind. Last Tuesday 'he Was very silent, and supped
with witness at ten o'clock at' night, scarcely speaking a
word. They retired at twelve o'clock. On the following
morning, witness finding the door of the water-closet fas-
tened, bad it forcod open, when he found deceased crouched
up 'iii the water-closet quite dead, with, a panier of charcoal
burning on the floor. So, resolved Was he upon self-destrue-
tion; that he pasted paper over every cranny and crevice 'of
the closet, to prevent -the escape of the' poisonous gas of the
charcoal. His left arm and' side were burned by the flames
of the charcoal fire. Mr. Proctor corroborated this witness's
evidence. From other statements it appeared that the de-
ceased had cut the paper in strips with which he covered the
crannies, and made the paste for fixing them on in the work-
shop. While so engaged, be joined in several songs,. with the
workmen, one of whom having said that he would go' to
Gravesend, on Sunday next, he said, " I, too, will be at
Gravesend on that day." Verdict, ",Deceased destroyed him-
see, but there is no evidence whether he was insane or not at
the time."