The Sun.
London, England, 1842-06-23 00:00:00

GRAND MATCHES.

The foilowinggreat matches are on the Lapis at Lord's:
Monday, June 27—Marylebone Club and ground, v.
the County of SUSSEX.
Thursday, June 3u—Marylebone Club and ground, v.
the Gentlemen of Hants.

iliondoy, July 4—The Gentlemen of England v. the
Gentlemen of Kent.

Thursday, July 7—The Marylebone Club r. the
Mtnehester Club.
Monday, July 11—Kent v. England.

SPORTING INTELLIGENCE.
(RECEIVED THIS DAY.)
BIBURY RACES.--WEDNESDAY.
The Ilibcry Stakes of 25 soya. each, 10 sous. ft., and only 5, if
declared, with 50 added. The second saves his stakes. Two
miles.
Gen. Gilbert's Northenden, aged (owner) 1
Lord G. Bentinck's Proof Print, . yrs
Won by a length.
Produce Stakes of 50 sous. each, h ft. Last mile.
Mr. Etwall's Palladium ..
Duke of Richmond's f, by Elis, out of Balaine 2
Sir. S. Herbert's Nessus ...

Won by a neck.
Handicap Plate of 50/. One mile.
Mr. Farquharson's c, by Cadiz, out of Annette, 4 yrs. 1
Mr. Etwall's Thistle Whipper,4 yrs
The following also ran:—Lord G. Bentinck's Miss Heath-
cote, 5 yrs ; Capt. Hooke's Stork, 6 yrs ; and Mr. Osbaldeston's
Camp Follower, 4 yrs. Won by a head.
A Free Plate of SC/. Three-quarters of a Mile.
Mr. King's Sultana, 4 yr 5...
Lord George Bentinek's Miss Heathcote, 5 yrs... 2
Mr. Calley's bro. to Vain, 6 yrs
Won easy.
NEWCASTLE—WEDNESDAY MORNING.
BETTING ON THE NORTHUMBERLAND PLATE.-4 to I agst
Shadow, 6 to 1 agst Belloria, 6 to 1 agst Galaor, 6 to 1 agst
Nona, S to 1 agst Black Beck, 12 to 1 agst Disclosure, 15 to 1
ag .it Jack Sheppard, 15 to 1 agst Arcanus, 100 to 6 agst Queen
Bee. 100 to 6 agst lletriever.
THE Cur.—Even on Charles, sto 4 agst Beeswing. Pro-
vost noes not run.
DONCASTER ST. LEGER.-5 IG 4 agst Attila, 12 to 1 agst
Beleour, 12 to 1 agst Cabrera.

MONEY MARKET and CITY NEWS.

mom TIM MORNING PAPERS OF MIS DAY.
CHRONICLE.—The complaints against the Bank of Eng-
land for refusing to pay out silver do not subside. The private
bankers, we hear, will not past with what they have in store,
and urge, as a sufficient reason, that the Bank of England will
not supply them with more. It is quite true, at the same time,
that there was lately a "surplusage" of silver. The Govern-
ment received several waggon loads of it from China, and large
remittances have come to hand from time to time from Mexico,
and other revs of South America. We are thus at a loss to
account for the scarcity now experienced, and cannot believe that
there is any real went of silver in the Bank of England. We
are induced rather to believe that there may be something in
the charges made against the Old Lady, that she en-
courages the Government in issuing their recent proclama-
tion, under the expectation that it would throw a large addi-
tional quantity of her paper into circulation ; that the Direc-
tors are, therefore, not a little disconcerted in finding that
the deliverers of light gold call for silver more generally than
Bank paper; and that they are, therefore, making silver
scarce, in order to compel the public to draw out their notes.
'I his charge is very generally made against the Bank, and the
large influx of silver lately received into their coffers tends to
strengthen the probability, more particularly when viewed in
connexion with the statement made by the Master of the Mint
last night in the House of Commons. But, whatever may be
the cause of the scarcity, there can be no doubt of the fact that
it is experienced, and that it is creating additional incon-
venience and embarrassment. A gentleman in the City asked
for three sovereigns and forty shillings in silver from the Bank,
in exchange for a live-pound note. He did so under the im-
pression, that as silver was a legal tender up to 405., he had
a right to demand payment of the Bank paper partly in gold
and lastly in silver up to the amount for which silver is a legal
tender. His demand, however, was refused, the Bank autho-
rities maintaining that it was optional on their part to pay
partly in silver, or otherwise, as they chose, and that they
could not be compelled to do sa. The Bank of England says
—we have the option of paying our notes altogether in gold,
or partly in gold and silver. The holder has no option. Ac-
cording to equity the law should he exactly the reverse of this.
The holders should be enti4ed to say to the debtor, "pay me
in gold for these notes, or so much in gold, and on each note so
much, up to the legal tender, in silver." if the holders do not
possess this option, there ought, at all events, to be some Go-
vernment office where the legitimate wants of the public shou'.d
be supplied ; but, instead of that, silver is a strict monopoly in
the hands of the Government and the Bank of England, and
the public have no place of resort to obtain silver except the
Bank, whose doors are now shut against them.
POST.—The quotations for Spanish Bonds yesterday were
211,- 24 for the Five, and 231 233 for the Three per Cents. ;
to-day they have been 213 2le and 2e31 233 respectively—the
advertisement for the payment of the dividend due on the 30th
instant having appeared in the interval. 'I his decline goes
far to show the estimation in which these things are really held
at a time when any doubt as to the receipt of the dividend
ought to have been dissipated ; when from every appearance a
Ministry had been formed, and outbreaks had been quietly put
down, quotations of the bonds decline, instead of rise. The
real solution is to be found in the fact, that no reliance can be
placed in the certainty of future or regular payments, and the
evens injustice which is being committed upon the original cre-
ditors by the overthrow of the old claims. Neither nation nor
individual can maintain credit by a continuous system of bor-
rowing to pay interest, which as semi us obtained becomes
prieeipal, and the nucleus of an indefinite amount of debt,
o {itch, when too large to be borne by an insolvent, must
necessarily be thrust aside. Experience has completely proved
that not the slightest reliance can be placed upon any promise
or ti tree which may be made or issued on the subject of Spanish
finances, each having been successively repudiated as soon as
it had fu filled the purpose intended, or found to be insufficient
for the effect which it was meant to produce, without refe-
rence to the parties who might be affected by such proceedings.
And in the present condition of the Spanish revenue, the
holders of the Three per Cent. Stock can expect no other fate
than that their claims also will be thrown into the common heap
immediately capitalists refuse to lend any more towards the
dividends. The mote the nature of the bonds be known the
less valuable they become, and, therefore, the less inducement
to Make advances ; hence every day brings the crisis nearer,
which sooner or later must arrive.
The Chronicle has for the last day er two been again endea-
vouring by second editions to raise the quotation of these do-
cuments:, its peculiar pets. Yesterday, by the early edition,
under " Spain," in the most conspicuous type, the public were
informed by extraordinary express that an outbreak had taken
place at Figteiras, which would be easily quelled. This had
scarcely been read when a second edition, brought by another
extraordinary exiirese, stated that an outbreak, Sec, had been
easily quelled—the only difference between the two being a
change in the tense. To-day a third extraordinary express
brought the official accounts of the formation of a Ministry,
which fact had been known to the public twenty-four hours
previously. The clumsiness with which these have ben ma-
naged would of itself have excited suspicion, bad it get been

—.—
b rig since notorious that these second editions were peblishe
n-.erely for stock-jobbing purposes. As the expense cannot
xceed printing a few additional papers, the game may be
played with but little loss, though the object 'sought to be
gained by them may not be attained.
SUN.—No new feature occurred in the F.nglish Markel
since yesterday morning, and Conscls left off at 91a sellers for
the opening, ex dividend ; Reduced, 94 914 ; Bank Stock,
1674 1684 ; Exchequer Bills, Old, 45 47 ; New, 40 42 prem.
Belgian Bonds were 102 103 ; Dutch Two-and-a-Half per
Cents., 524 523; the Fi:e per Cents., 1004 101 i ; Danish,
82; and Brazilian, 66 67. Mexican wan quoted 16 36a.
In the Share Market, London and Birmingham, New,
177; Birmingham and Gloucester, 49 51 ; Great Western, 87
8S ; the Half Shares, 614 614 ; South Western, 604, 614 ;
North Midland, 62 64; the New Shares, 31 32 ; South
Eastern and Dover, 24a 25%; the Scrip, 545 ; Eastern Coun-
ties, 8 9%; Northern and Eastern, 40 41 ; Blaekwall, 10;
and Llrighton, 35% 36%.
Quotations for the Bonds were—Colombian, 25; 26,1; ; Pe-
ruvian, 17 18; Portuguese Five per Cents. 37% 37%! the
Three per Cents., 22 224 ; Spanish Five per dents., 21a 21ft
the Three per Cents., 2311 234.
The explanation given by Sir George Cockburn to the
charge that some sailors, late paid off from a ship of war, had
received their wages in light sovereigns, is strongly corrobora-
tive of the view of the question which has been taken in'-The
Sun. The Government stand cornp:etely exonnerated from
that portion which relates to cheating the sailors, but not by
any means from the condemnation for exposing them, and the
poorer classes as well, to be cheated by tho,e to whom the
coin was tendered. It is new admitted by a servant of the
Crown, tlaat a trade is being carried on in the coin of the realm,
be it light, or be it of standard weight; and it can only be con-
cluded that.the whole of the gold now in general circulation is,
by the late measure, greatly depreciated. The evil has already
been seriously felt, but enough still remains unpresented to
render it expedient to give some relief. The scarcity of silver
remains unabated, and it is to be feared that, if means be not'
adopted to increase the amount, more serious consequences•imay
arise.