The Sun.
London, England, 1842-07-25 00:00:00

FL Oi* i:RS AND I:tifsla

opokl, w,. : quit Neu:,,., wh:-•••e b"
Ler Alija- the Q, ii, and re-wit to .11eu.4sel,: •11.1;
religious ceremonies for the inauguration 01. •the
were pert', irmed to-dgy at Brassehi,• At noon a
Te Drum was chanted in the Church of St.
It was the fine Fe Drum of Reinhur.... The church
splehdialy 'decorated. The diploma, io body, the
ters, and the officers of the King's househould, S‘e.;
•
present.
The last train from Liege to Brussels, on Cup
was stopped for about an hoar, at a short distanee ftct
the twine) of Contich, by a mass of earth which the late
storm had lowered from •the sloping banks on the si•ie ef..;
the railiv,Ly. A wheel of the engin,- got off the
no other accident took place.
The average price of Wheat list week was 23r.. 210.0
and that of Rye 95e. p, r hcet litre.
therefore, still exempt from import (100
while Rye is subject to a duty of 21f. 50c. per 1,04
kilogrammes.
he Moniteur publishes the letter addressed 10 th 6
Governors of the provinces respecting the cenventien
with France. The substance is the same as already pub'
fished, only after stating the reductions made I,T
Belgium on 'French wines, it says,• Belgium is ,t`t.
liberty to grant them to other countries, if it should Ili
for its advantage so to do.
BRUSSELSS, July 22.—The Duchess of Kent ig''VE
pected very shortly at Brussels, where she will stal'P4,
some days.
ME HAGUE, JULY Majesty King Il7.i;l9ocfl''
Frederick Count of Nassau left the Hague this wornl*,
to return to the Loo.
The Chamberlain Master of the Ceremonies hasPr
notice that the Court goes into mourning to-day forilp
weeks, on account of the death of his Royal IlighnOs
Duke of Orleans.
ST. PETERSBURGH, JULY 11.—Yesterday event ti
salute of artillery announced to the inhabitants 0150,4
city the arrival of the Imperial family, and of his Idilitwo„
the King of Prussia, at the Palace of Islagen.
BELGIAN u n ws—Bauhasi.s, JULY
Actual pet Cent.
11.4h:child's 5 per Cent.... ........ . jot , d
L,,an of Thin) %lillions, 4 per Cent. 99' ,
--------- 3 per Ccnt..„ -

'tt,

---- -Thtrty.svven----- •
-....:... —0 .vty.
1.,,dn c, City, ,'.3....!, i 1., Cent ,4i7i ..•
• iocteLyo....! Cornrowrce, ....per Cent__ . Sol
iauk 01 ticlgitan.b per I ent..-......:• 7/ ..,4
slatie:;,•; .:-.ciet) .
—cc,:4•:g., "T. Vtiliti.o. short) ......... ...... :, -- ..6
~..,,,,itigeli, Papers. July 22 • .
%' ,s I al A N hlll, Db.—VIENNA. JuLT 14
cr oats Metalhquet
a•• .ri '. rri.b
1714 . .
I l'-‘

•
.—MIISTERCIAM. JULY -2
r. 11.
k • t . . M 51
.•. , ~t ...,.., „.. io
+t• t•• per car 5................... 7,14 78/0
.1311.1.-rt,t 1 re: •44 ‘4 144.0
, ,013 S .51.3 1- 17) prr Lent
• r-: :74)11 ...... 8 4 A,
9 :13 ; . .1e:,
..,n.tiMil?..•••••••••• • I

burgh,
Two menths 8:1 s') ,
ch Papers, July 23 •
r 144

•
COMMERCIAL BANK OF ON 1)4,„,
The general meeting of the Proprietery of ,fro,
" Commercial Bank of London," took place a leo
days since at the banking-house of the Companci
I\loorgate-street. The Report read, being the see°'
since the establishment of this banking institutiot4
exhibited a favourable view of the Company's nper;
tions. A dividend at the rate of 5 per cent. was "
dared, leaving a balance to be carried to the g,,t
rantee-fund of 2,3921., and for "rebate on ,corr Lets,
bills." After writing off all bad and doubtful dev,te
the profits were stated at 7,203/., of which i 5
dividend would absorb 4,0001. The business of t:ij,
Company appears to be carried on upon a sobegbje
therefore, in the long run, upon the most pro" rO,
principle. The more remarkable part of the pipe
ceedings consisted, however, in an observation ntoo
Chairman, in reply to one of the Sbareholders,
inquired whether it was not proposed-to increase `ts
capital of the Bank by calling up more instAira,eh'st
upon the Shares. The answer was substantiall.r..os
no more capital would be called up at present, looisloo
at the depressed state of trading affairs, and rid
difficulty of employing capital at once safelY
profitably. But, remarked the Chairman empliati,°„;
he had learned from experience the complicate"
barrassments, arising from a redundancy of capit-ti,
banking concerns, beyond the requirements of lel6itli
mate banking business. The Manchester Banks;:tre
which he had some practical experience, 01
a. case in point. Large paid-up capitals (1,4
been accumulated in those establishments 1) to
the mistaken calculation that, whilst addi 11ng0
their security and extending their credit, they %` .to
serve to increase business indefinitely and so 1040,
the return of larger dividends to the Share%kre'
In the result, however, both Directors andthe
holders were most miserably disappointed.
former found themselves with hundreds of thous7„iftte
capital beyond the wants of any secure andiegbel cattle
banking operations, and, therefore, 6'o:
tend
tempted, and yielded to the temptation. to
1' c
nn
credits and increase their transactions beyoD,'"l'
safe control, in order, at whatever risks, to be
meet their Shareholders with a flourishing account of
profits and dividends. They were only too ready'"
make advances and squander discounts 'lie
men notoriously of straw, upon the sole the
commendation of their being shareholders
bank. All this arose from being so flu „e
money as to he unable to find safe investment Ow
for it in the regular way of business, whist Ali:: it
same time it was felt that for the credit of the han
was necessary to keep up a large rate of dividend nPro.
a capital much too large for the limited range 14.1,1, to
dent employment. The shareholders who loolievio
the splendour of a large paid-up capital as a-ner+ijet,
source of credit and pm oht, and looked no fr',tbe
were gratified in the commencement rge
payment of large dividends and the show of
profits, only to be awakened at last to the miser'-the
reality of shoals of bankrupt bills and customers' of
discontinuance of dividends and finally a wind 111) of
. the bank, with not always a perfect liquidation el,
accounts. As the Chairman properly reott.rato?
the "Commercial Bank" enjoyed as much
,pro
capital as • for the time served all the 1 . •
poses of profitable management and rettirToe
when times were more propitious, and as the cirel
action mild be more extended benifieially and ethe
tiously, then would arrive the occasion when, it,1,3, to
interest of the Bank, it would be found adv sib
enlarge capital to meet the growing greatness ',el,
operations. Such management, it may be obsertlon.
is the part of' sound judgment and wise discrimil•B',d
As it is, the 'Bank enjoys no inconsiderable coin°
of means. Although its paid-up capital amounts °,lO,
tc 80,0001. upon a capital stock liable to be cape",
to
to 1,000,000/., yet under the head of " balance ore
customers," that is deposits, temporary and of a U,
pettnanent nature, the large sum of nearly .247/vysio
maybe found, and a large proportion of these der
tiis'
is 01 course available as so much capital stock fur or
counts, advances on securities, and other business c
rying profit.

it )1
,- li
WooLwICH, JULY 22.--ROYAL ARSENAL.-- t ,A,.
o'clock (noon) the large 450 pounder gun for Aleheol(„e 01,
was proved at the butt, and found perfect The chare,bd
powder with which it was first fired was 651 b , and tbef„ril,/
3301 b. weight. The second charge of powder was 451 b. ':egtl,°
solid ball of 4551 b. weight. The report from this iroule%gto'
was not so loud as might have been anticipated from its 1%,..try
tude, but the effect of the shell and ball was tremendon 1.01:
tering a great body of the earth of the butt to a cool'ef,,rce-,
height, and showing on examination that the proprlhd ot 0,
hat entered the butt to the extent of about 40 feet, a ,rellfteri
about two inches on the top, where the earth had fallen ',Potts'
the concussion, distinctly marking that it had been Per2„°o 0t;
to that extent. Experiments were carried on at they v", n
Thursday, with a 32-pounder gun of the usual ditnenffnti.e&
ships of war, but loaded at the breech, on a principle bt"::c40:
by a Swedish officer. The invention appears to ,ptine_rabt 'd
merit, but one or two experienced efficers expressed a "c!iirio'
to its being an advantage, as loading from the breech
~`'' rtairl
the heaving of a vessel, or the inclination of the gun 0 ';,0,151.
times from the same cause, might allow the shot tei.ef 'oll'
4
forward, leaving too great a space betwixt the pnwderFa Or
which cannot occur when the charge is rammed horri !i te:lii.
mouth of the gun. It is intended to make further'illnites 'l'
wish this gun to give it a fair trial under eyery circuinsfi4,oo;
which its services might be required. ' Colonel 'Clr7i,folle,
Colonel Lacy, Lieut.-Colonel Dansey, C.B.'; Lieist:,:-.„7.00
Dundas, C.B. ; Lieut.LColonel Chalmer, Captain 6,1.5101
Captain Palliser, of the Royal Artillery ;- and Brigedi'.l--ert°
Sandham, of the Royal Engineers, and a number of ClD;t,Ait.
the service were present to witness the proof of 14/ebeol
enormous gun. ' • -
PI VI
&
MIS-STATEMENT OF PROSPERITY.—As Ave ;idillits
last week that statement of the Manchester Go(oiry:
relative to the increasing pri •sperity of the
,c ore
a hieb was afterwards quoted in the House 01 l'iliiii., tie,
olit
by Sir Robert Pe. I, we have now to notice th.'t"Al,At
Guardian has r-trae!ed it to a considerable extetiff
etu
Journal of Saturd„) said :—" V% e terl it (fue. ,it 01/
readers and ourselves to admit, hat on one p°,o or
were undoubtedly in error. We never to.derst'Ltorit$
Meant to Sti, that the orders from the United ._. the
here considerabie, but that orders considerabh: 1t" 10r
aggregate lmd been received, some from the ‘ti'l,ifeci
dies, some from Canada, and some from the ilwhich
States, placing those countries in the sequence of the
we turder,tooti to indicate the r. lative importance,.
ow
~„ii•
orders received. So far us the United Status fir
certied, howevi-r, we told that we laboured and 0 '"' . andc, inception of the meaning of what was said to 7'freill
that the orderr, whith have been recently re eeivc
that quarter are of a theiv cliaracter.' ,ailsea!
The receipts upon Great Western 1-100627/,
during last week amounted to the enormous sum of `i ?h o.
chased of course by the agricultural rneeting at of
`i•
is the largest amount ever takeii upon e
at ralw.Y is 0 toucht-
Last rummer the receipts on the Btriringhim hoe ig the are"
20,0 .0/., a larger return ter mile than 'hi` °" ) 40101'
Western—ihe Birmingham, with its branch to 4%__ r"„h it
being LO miles in length. and the Great Wester's,
tributaries, 18L-Railway Times.
CRITICISM.--A rustic being asked his -I:aid, " Threi
picture of three pigs feeding, painted by Mort: :, 1:1:ti 6,
11er°efl'e4
they be pure.loike, surely," scratching his head ;. . ,_,be v-
ont, fault still." When asked what the fault mightwiSout one
plied, " Why,.whO ever seed three of, = feeding, •
on 'em having his foot in the trough?' ,riseiclent
whAichilheati:plieiniedlettotethre gives au
to St Petersbuigh. At one of the first stages w.totht .the_4l tbeah but
territory, the horses ran away. His servant yrto , Iwo 1
Royal
i 1.1 )
ai account
of
p o s
sOii of
c...
ut,:' i
se
nit
in doing so teil anti broke his leg. and 5itta011r114,......-
a asighbaurisig village.

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