done
accordingly. But the greatest _coup_, and one for which MR. GLADSTONE
owes _Mr. Punch_ a good turn, was the latter gentleman's saying, as he
left the Exchange, "Those new Stocks are the best, because they always
keep up so well." The new creations, for whose non-popularity the
CHANCELLOR OF THE EXCHEQUER has been much twitted by financiers who do
not know discount from premium, immediately sprang into activity, and
yet _Mr. Punch's_ remark was simply _apropos_ of his friend's wearing a
rather seedy tie round his neck. He hopes that Exchequer Bill, as the
RIGHT HON. WILLIAM is rather irreverently called in the City, will
remember this good service next time _Mr. Punch_ hints that it is time
the duty should come off paper.

While the news was favourable to Russia, the Bears were very elate, but
as soon as it was known that _Punch_ had declared against ABERDEEN and
for an English policy, the Bulls exulted. SHAKSPERE was quoted at
random, but usually wrongly. The jobbers were scarce, owing to the Irish
Brigade being out of the country. There was a rumour that a large
operator had come, but it turned out to be only a fat surgical
practitioner who had mistaken his way, and was, of course, exposed to
the graceful jocularity of the House. A Bank Director came on and made
some practical jokes, from which it was surmised that the Bank reserve
was very small. Prices jumped about on every side, and so did little
boys, whom the beadle chased, declaring he would have them there at no
price. Some of the speculators appeared very uneasy, especially those
who had a good way to go home, and thought it was going to rain.
Finally, _Mr. Punch_ was informed that things closed with much firmness
at four, but he believes this must apply to the gates.

Under all circumstances, _Mr. Punch_ strongly advises holders to be
neither rash nor fearful, while sellers should abstain alike from
temerity and timidity. All parties had better be guided by
circumstances, and not attempt to lay down Medo-Persian rules for
themselves. Let Prudence be their beacon, and Wisdom their chart. They
will do well to watch the course of events, but not to surmise that they
understand them, while at the same time taking care not to shut their
eyes to contingencies. A thing may happen, or it may not, but the wise
man will discern the signs of the times. By following this advice, which
_Mr. Punch_ has carefully framed upon the model of what is given by all
the reco