The Sun. — London, England, 1841-06-24 00:00:00

MORNING EDITION and he deceived them. He did not tell them of his claim, and they believed his story to be true." The Hon. Proprietor was proceeding, when he was again interrupted for a considerable time by several cf the Proprietors suggesting the postponement of the mo tion, and rising to order. Sir J. LUSHINGTON said that if Mr. Lewis went on, the Court would be obliged to move the amendment which had been proposed last February, which was to the effect, that this Court continued to be of the opinion that it was inexpedient, and that they decline to inter fere with the responsible Executive, in the affairs of the Rajah. After a few words from Mr. SYKES, Mr. G. THOMPSON said that he had travelled four hun dred miles to attend this discussion. In his opinion, the additional papers were not necessary to the decision of the question. After a desultory conversation, Mr. Salomon's motion was put and agreed to. Mr. LEWIS then moved that the Court should adjourn to the 14th July, for the purpose of taking the papers relative to the Rajah of Sattara into consideration. The motion being put, was agreed to unanimously. The Court then adjourned. 13, Great Marlborough-street. MR. COLBUR T N IO S NS NEW PUBLICA- r The IDLER in FRANCE. By the Countess of BLESSING TON. 2 vole. Bvo. The Hon. Mrs. DAMER'S DIARY of HER TRAVELS. 2 vols. small Bvo., with numerous illustrations. The LIFE of PETRARdi. By THOMAS CAMP BELL, Esq. 2 yoh Bvo., with Portraits. Iv. The LIFE and LITERARY REMAINS of L. E. L. By LAMAN BLANCHARD, Esq. 2 vols. small Svo., with Por trait. THREE YEARS IN PERSIA and KOORDISTAN. By GEORGE FOWLER. 2 vols. small Bro., with illustra tions. VI. TROLLOPE'S SUMMER IN WESTERN FRANCE. 2 vols. Svo., with numerous Illustrations. VII. MEMOIRS of the FRENCH STAGE and the FRENCH PEOPLE.. Edited by THEODORE HOOK, Esq. 2 vols. small Bvo. VIII. The PERSONAL HISTORY of GEORGE the FOURTH. By the Rev. GEORGE CROLY. 2 vols. small Bvo. The BOOK WITHOUT A NAME. By Sir CHARLES and Lady MORGAN. 2 vols. small Bvo. The LIFE and LETTERS of BEETHOVEN. Edited by MOSCHELES. 2 vols. Bvo., with Portrait. Henry Colburn, Publisher, 13, Great Marlborough-street. TO BE HAD AT ALL THE LIBRARIES. POPULAR NEW NOVELS , JUST PUBLISHED BY MR. COLBURN. THE LOVE MATCH. By MRS. MABERLY, Autho ress of " Emily." 3 vols. THE TRUSTEE. By the Author of the Tragedy of " The Provost of Bruges." 3_vols. DE CLIEFORD ; OR, THE CONSTANT MAN. By R. PLUMER WARD, ESQ., Author of " Tremaine," " De Vere," &c. 4 vols. JOAN OF ARC, THE MAID OF ORLEANS. AN HISTORICAL ROMANCE. 3 vols. THE MARRIAGE MART, OR SOCIETY IN INDIA. By AN INDIAN OFFICER. 2 vols. The ENGAGEMENT. A NOVEL. 3 vols. , s We have had nothing equal to this novel since 4 Tremaine' and' De Vere.' "—Naval and Military Gazette. VII. LOVE AND WAR; OR, THE ROMANCE OF MILI TARY LIFE. By Capt. EDWARD QUILLINAN. 3 vols. Henry Colburn, Publisher, 13, Great Marlborough-street. Immediately, in 3 vols. post:Bvo. THE TORY BARONET; Or, TORIES, WHIGS, and RADICALS. A NOVEL. Richard Bentley, New Burlington-street. MRS. GORE. Now ready, and to be had at all the Libraries, in 3 vols. post Bvo., THE LOVER AND THE HUSBAND ; AND THE WOMAN OF A CERTAIN AGE. Edited by Mrs. GORE. Author of " Mothers and Daughters," " The Dowager," " Mrs. Armitage," &c. Richard Bentley, New Burlington-street. 8, New Burlington-street. n R. BENTLEY has JUST PUBLISHED the following NEW WORKS: — I. The HISTORY of DUELLING ; comprising Narra tives of the most remarkable Personal Encounters, from the Earliest Period to the Present Times. By Dr. MILLEN GEN, Author of " Curiosities of Medical Experience," &c. In 2 vols. Bvo. H. MEMOIRS of the RIGHT HON.-WARREN HAS TINGS, late Governor-General of India. Including his Jour sals and Letters. By the Rev. G. R GLEIG, Author of .6 The Life of Sir Thomas Munro," &c. In 3 vols. Bvo., with Portraits. 111. BELGIUM. By J. EMERSON TENNENT, Esq. ntastrarion3l. IV. MEMOIRS of the COLgAN FAMILY. By R. B. PEAKE, Esq. Including Anecdotes of the most distinguished personages of their Time. In 2 vols. Bvo., with Portraits. V. A SUMMER amongst the BOCAGES and the VINES. By Miss LOUISA STUART COSTELLO. Second Edi ' tam, in 2 vols. Bvo., with numerous Illustrations. VI. The LIFE, JOURNALS, and CORRESPONDENCE of SAMUEL PEPYS, Esq., F. R. S., Secretary to the Ad miralty in the reigns of Charles 11. and James 11. In 2 vols. Bvo., with a Portrait. VII. The THAMES and its TRIBUTARIES. By C. MACKAY, Esq. In 2 vols. bro., with numerous Illustrations. VIII. MEMOIRS of the COURT of ENGLAND during the REIGN of the STUARTS. By J. HENEA GE JESSE, Esq. In 4 vols. Bvo., with Engravings from Original Pictures. IX. The HON. C. A. MURRAY'S TRAVELS IN NORTH AMERICA, including his Residence with the Paw nee Indians. Second Edition, revised, 2 vols. bvo., with It ustrations. Richard Bentley, New Burlington-street. '''* * To be had also of all Booksellers. IS° MAJESTY the EMPEROR of AUSTRIA having AUTHORISED and GUA. RANTEED several DISTRIBUTIONS of MONEY DIVIDENDS, which (thouei they are NO LOTTERIES) offer many possibilities of obtaining LARGE FORTUNES, HEINE BROTHERS, at HAMBURGH and at LUBECK, Are now SELLING BOND S for the said DIST BIM) TION S. Persons desirous to purchase for the Next Distributions mav revive, PREVIOUS to giving any orders, the PROS- PgCTUS and PARTICULARS, upon addressing, WITH PUT DELAY, a line to HEINE BROTHERS, at HAMBURGH, or to HEINE BROTHERS, at LUBECK. The NEXT DISTRIBUTION contains DIVIDENDS of £25,000 £6OO £l2O £BO 5,000 400 110 70 1,500 200 100 60 1,000 150 90 50 800 100 The largest Dividend of the Distribution of Ist March last TWENTY-FIVE THOUSAND POUNDS, was remitted to London and vicinity by HEINE BROTHERS, who remitted, during a few years, 21 large Mon e y Dividends, 6001. and upwards unto 2 5,0001., besides many Dividends of smaller amounts to England, Ireland, and Scotland. ROYAL SURREY THEATRE. UNDER THE MANAGEMENT OF MR. DAVIDGE AND MR. WILLIS JONES. Splendid success.—Fourth Week of the first Vocalists in the Kingdom. The New Opera, " A Queen for a Day," and " La Sonnambula," on alternate nights, supported by Miss Romer. Mr. Wilson, Mr. Leffler, a powerful Band, an d an extra Chorus, conducted by Mr. G. Stansbury. THIS EVENING, JUNE 24, Will be repeated the New Grand Opera, entitled A QUEEN FOR A DAY. With all the Original Music by Adolphe Adam, New Scen er y, and splen t did Appointments. F ra ncine, Miss Homer • Simonne, Mrs. Seri* ; Ma rce l, Mr. Wilson ; Tumbrel, Mn Leffler. After which, THE WATERMAN . . Tom Tug by Mr. Wilson. To conclude with, YOUNG LOCHINTAR ; OR THE BRIDE OF THE Lochinvar, Mr. N. T. Hicks. ROYAL VICTORIA THEATRE. UNDER THE DIRECTION OF MR. OSBALDISTON. Crand union of success in the hitherto unexampled combina tien and attraction of " Susan Hopley !" " The Stranger !', " The Honey Moon !" and " Virginius !" supported by Mr. Osnaldiston, Mr. E. F. Saville, and Miss Vincent ! and also the New Drama of " The Palace of Geneva!" THIS EVENING, JUNE 24, The splendidly successful Domestic Drama, in Three Acts, of SUSAN HOPLEY ! OR, THE TRIALS AND VICISSI TUDES OF A SERVANT GIRL ! William Dean, Mr. E. F. Saville ; and Susan Hopley by Miss Vincent, the accepted Heroine of Domestic Drama. After which, THE STRANGER. The Stranger, Mr. Olbaldiston ; Peter, Mr. Gardner ; To bias, Mr. Dale ; C ount Wi n;ersen , Mr. C. Williams ; Stein fort, Mr. Seaman; Solomon' Mr. James ; M rs . H a ll er , Mi ss `incept ; Countess, M rs . G . Lee ; Charlotte, Miss Howard. To conclude with, the new Burletta, ent;tlect THE PALACE OF GENEVA. Old John. Mr. Gardner ; Seliria, the Countess of Barolti, Mrs. Howard. Boxes, 2s.—Pit, ls.— Gallery, 6d. Half-price to the Boxes only, at Half-past Eight. SADLER'S WELLS THEATRE. —W e under stand that a gentleman of the name of Gower, of whom report speaks very favourably, is to make his debut at this favourite theatre on Friday first in the arduous eha raetcsr of Richard the Third. RIOT IN THE KING'S PARK.—For some evenings past the King's Park has been disturbed by crowds of boys and younr , men, assembling apparently for no o th er purpose than to pelt each other with stones. The lads of the Canongate were usually arrayed against those of the South side of the town ; and to such a lenth did th e i r " bi ckering " proceed as to threaten very serious consequences. Accordingly on Friday night a , 7...1),"'1rd,../I_olp,?liecemen proceeded to the spot with a view to I‘l"Ta'sr:Va_ t er ace_i_but this turned out to be no easy 7 .. ipt.osit 4 r g ees mo t they present themselves than the fAicit,..* l 7: Bl e e d r e t i l of l the officers ewoeinrern,onnueehnus hu e rt against before them, the and e wards of a. thousand, eleven of 'f. 4: s4 lttounteCi, ir is said t t l ' o e ` u riot. The number ofyouys ,-, <-*" WIIOM are ill custody.— ( r..• • ' - ,5........., . 4 .7....... —"%.• --, )714 . .r..at bltruh Ade(rtiser. N 4 ri HIGH WATER AT LONDON BRIDGE THIS DAY. Horning 0 9 minutes afar 5. I Evening 51 minutes after 5 - 1 1 4 4 . 0, 40, t ; • ,„. E, o l t- 0 • ‘f, A FINE MEDALLION PORTRAIT OF COMMODORE SIR CHARLES NAfIER, WITH FULL PARTICULARS OF HIS CHIVALROUS CAREER, WILL BE PUBLISHED IN THE SUN IN A FEW DAYS, PRICE ONE SHILLING. ORDERS FOR THE NAPIER SUN Received by all Newsmen, and at The Sun Office, 112, Strand. THE RAILWAY SUN IS AT LENGTH COMPLETED, AND WILL SHORTLY BE PUBLISHED. TO CORRESPONDENTS. The paper of " A Northumbrian" is left for him in the office. The lines by " W. G." are left for him in the Office. We receive several speeches daily, made by candidates to the electors of counties and boroughs, but it is quite impossible to find room for them. We may take this opportunity of stating, that letters to Cabinet Ministers, and other persons in authority, are forwarded to us for publication, but in general we decline publishing them. Letters of that kind should be addressed to the parties for whom they are in tended, or the topics to which they refer, should be dis cussed in the usual mode adopted by the Correspondents of newspapers. nfl. LONDON: THURSDAY, JUNE 24, 1841. THE PRESIDENT'S MESSAGE. We have received by express from Liverpool New York papers of the ‘2d inst., with the PRE SIDENT'S Message, delivered at Congress at Wash ington on the Ist inst. These papers were brought by the South American, Captain BAILEY, which made the passage from New York to Liverpool in twenty days. It will be observed that the new PRESIDENT neither recommends nor opposes a National Bank— the great object of contention among all parties in the United States. In con demning the Sub-Treasury scheme of Pre sidents JACKSON and VAN BUREN, and recom mending the adoption of a substitute, he may be supposed to indirectly advocate the necessity of a bank, as no other substitute for the metallic currency system has ever been mooted. The proceeds arising from the sale of the public lands, he is for distributing among the several States of the Union. President TYLER is manifestly no advocate for the assumption, on the part of the Executive, of the initiative in measures of legislation. Con gress he regards as competent to indicate abuses and supply remedies. His Message gave general satisfaction at New York, if we may judge from the tone of the public journals. The Journal of Commerce, 'an influential mercan tile paper, of the 2d instant, says—W e have read the PRESIDENT'S Message with unfeigned satisfaction. It breathes a lofty tone of patriotism, and freedom from party restraints, which is very cheering." Most of the other Papers speak of it with equal satis faction, and in the United States the voice of the public press is the voice of the people. ..T-gt.---URY-errnie - rtleartru'aiic'auttorise's the seizure of all vessels found, ten days after that date, sailing under the Buenos Ay-rean flag, and declares their cargoes good prizes. This measure is adopted in retaliation of seizures of Monte Videan shipping, and other violations of the law of nations. Following the PRESIDENT'S Message will be found an account of the New York Money Market, and of the rate of general prices on the Ist inst., from the Journal of Commerce of the 2d. Though long, as compared with King's speeches, the Message has the merit of brevity to recommend it as compared with the messages of the JEEFERSONS, JACKSONS, and VAN BURENS. TO THE SENATE AND HOUSE OF REPRESEN TATIVES OF THE UNITED STATES. FE LLO W CITI Z ENS,— You have been assembled in yoe: r spective halls of legislation under a proelamatir.a 13arin,s the tely called for.: - rgnature of the illustrious citizen who was so the direct suffrages of the people to the dis'2n arge of the im partant functions of their chief execu'2ve office, upon the ex piration of a single month front ;:ne day of his installation he he has paid the great debt 'at nature, leaving behind hire a name associated with the recollection of numerous be nefits conferred upon the country . during a long life of patriotic devotion. With this public bereavement are connected other considerations which will not escape the attention of Congress. The preparations neces cessary for his removal to the seat of Government, in view of a residence of four years, must have devolved upon the late President heavy expenditures, which, if permitted to burthen the limited resources of his private fortwe, may tend to the serious embarrassment of his survivin g family ; and it is there fore respectfully submitted to Congress whether the ordinary principles of justice would not dictate the propriety of its Le gislative interposition. By the provisions of ihe fundamental law, the powers and duties of the high station to which he was elected, have devolved upon me ; and, in the dispositions of the representatives of die States and of the people, will be found, to a great extenl, a solution of the problem to which our in stitutions are, for the first time, subjected. In entering upon the duties of this office, I did not feel that it would be becoming in me to disturb what had been ordered by my lamented predecessor. Whatever, therefore, may have been my opinion originally as to the propriety of convening Congress at so early a day from that of its late adjourn ment, I found a new and controlling inducement not to inter fere with the patriotic desires of the late President, in the novelty of the situation in which I was so unexpectedly placed. My first wish, under such circumstances, would ne cessarily have been to have called to my aid, in the adminis tration of public affairs, the combined wisdom of the two Houses of Congress, in coder to take their counsel and ad vice as to the best trys,de of extricating the Government and the country from, the embarrassments weighing heavily on both. lam s:rien most happy in finding myself so soon, after my accesskal to the Presidency, surrounded by the immediate Ite ,P,reUrdatives of the States and people. 110 important changes have taken place in our foreign rela tions since the last session of Congress, it is not deemed neces -3147, ma this occasion, to go into a detailed statement in re gard to them. I am happy to say that I see nothing to de stroy the hope u f being able to preserve peace. The ratification of the Treaty with Portugal has been duly exchanged b etween the two Governments. This Government has not been inattentive to the interests of those of our citi zens who h ave claims on the Government of Spain, founded on express tr ea t y representations which have stipulations; and hope indulgedht th been made to that t Governmenta one this subject, may lead, ere long, to beneficial results. A corres onde p nce has taken place between the Secretary of State and the Minister of her Britannic Majesty accredited to this Government on the subject of Alexander M'Leod's in dictment and imprisonment, copies of which are herewith communicated to Congress. In addition to what appears from these papers, it ma be proper to state that Alexander Al'Leod has been heard, b y the e Court of the State of New York, on his motion • uprem s to be discharged from imprisonment, and that the decision of that Court has not as yet been pronounced. The Secretary of State has addressed to me a paper upon two subjects, interesting to the commerce of the country, which will receive my consideration, and ,which I h ave the honour to communicate to Congress. j ~ V So far as it depends on the course of this Government our relations of good will and friendship will be sedulously eu l t i rated with all nations. The true Ametiean policy will b e found to consist in the exercise of a spirit of justice to be manifested in the discharge of all our international obligations to the weakest of the family of nations as well as to the most powerful. Occasional conflicts of opinion mayarise, but w h en the discussions incident to them are conducted in the language of truth, and with a strict regard to justice, the scourge of war will for the most part be avoided. The time ought to be re garded as having gone by when a resort to arms is to b e esteemed as the only proper arbiter of national differences. The census recently taken shows a regularly progressive in crease in our population. Upon the breaking out of the war of the revolution, our numbers scarcely equalled 3,000,000 of souls ; they already exceed 17,000,000, and will continue to progress in a ratio which duplicates in a period of about 23 years. The old States contain a territory sufficient in itself to maintain a population of additional millions, and the most po pulous of the new States may even yet be regarded as but par tially settled, while of the new lands on this side of the Rocky Mountains, to say nothing of the immense region which stretches from the base of those mountains to the mouth of the Columbia river, about 270,000,000 of acres, ceded and un ceded, still remain to be brought into market. We hold out to the people of other countries an invitation to come and settle among us as members of our rapidly growing family, and, for the blessings which we offer them, we require of them to look upon our *country as their country, Ail to unite with us in the great task of pre serving our institutions and thereby perpetuating our liberties. No motive exists for foreign conquests--we desire but to re claim our almost illimitable wilderness, and to introduce into their depthe the light of civilization. While we shall at all times be prepared to vindicate the national, honour, out mOst earnest desire will be to maintain tin lliihrok6n peice. In presenting the fotgOing 'views, I cannot withhold the ex pression of the opinion, that there exists nothing in the exten sion of our empire, over our acknowledged possessions, to ex cite the alarm of the patriot for the safety of our institutions. The Federative system,leaving to each State the care of its domestic concerns, and- devolving on the Federal Government those of general import, admits in safety of the greatest ex pansion ; but, at the same time, I deem it proper to add, that there will be found to exist, at all times, an imperious necessity for restraining all the functionaries of this Government within the range of their respective powers, thereby preserving a just balance between the powers granted to this Government and those reserved to the States and to the people. From the Report of the Secretary of the Treasury you will perceive that the fiscal means, present and accruing, are in. sufficient to supply the wants of the Government for the cur rent year. '1 he balance in the Treasury on the 4th day of March last, not covered by outstanding drafts, and exclusive of trust funds, is estimated at $860,000. This includes the sum of $215,000 deposited in the Mint and its branches to procure metal fur coining and in the process of coinage, and 'which could not be withdrawn without inconvenience—thus leaving subject to draft, in the various depositories, the sum of $645,000. By virtue of two several Acts of bongress, the Secretary of the Treasury was authorised to issue, on and after the 4th day of March last, Treasury notes to the amount of $5,413,000, making an aggregate available fund on hand of $6,058,000. But this fund was - chargeable with outstanding Treasur:. notes redeemable in the current year, and interest thereon to the estimated amount of $5,280,000. There is also thrown upon the Treasury the paymen-. of a large amount of demands accrued in whole, or in part, in former years, which will ex haust the available means of the Treasury, and leave the ac cruing revenue, reduced as it is in amount, burthened with debt, and charged with the current expenses of the Govern ment. The aggregate amount of outstanding appropriations, on the 4th day of March last, was $33,429,616 50, of which $24.210,300 will be required during the current year, and there will also be required, for the use of the War Depart ment, additional appropriations to the amount of $2,511,132 98, the special objects of which will be seen by reference to the Report of the Secretary of War. The anti cipated means of the Treasury are greatly inadequate to this demand. The receipts from Customs for the last three quarters of the last year and the first quarter of the pre sent year, amounted to $12,100,000. The receipts for lands for the same time to $2,742,430 60, showing an average revenue from both sources of $1,233,870 per mouth. A gradual expansion of trade, growing out of a restoration of confidence, together with a reduction in the expenses of col lecting and punctuality on the part of collecting officers, may cause an addition to the monthly receipts from the Customs— they are estimated, for the residue of the year, from the 4th of March, at $12,000,000. The receipts from the public lands, fsr the same time, are estimated at $2,500,000, and from mis cellaneous sources, at $170,000, making an aggregate of avail able funds within the year of $15,315,000, which will leave a probable deficit of 11,406,132 98 dols. Te meet this some tem porary provision is nsr•s'ssary until the amount can be absorbed by the excess of re apt; which are anticipated to accrue at no distant day. There will fall due ithin the next three months Treasury notes ofthe issues of 184 st, including interest, about $2,850,000. There is chargeable in the same period for arrearages for tak ing the 6th Census, $294,000, and the estimated expenditures for the current service are about $5,100,000, making the ag • gregate demani upon the Treasury, prior to the first of Sep tember next, about $11,340,000. The ways and means in the Treasury, and estimated to ac crue within the above-named period, consist of about $694,000, of funds available on the 28th ultimo, an unissued balance of Treasury notes authorised by the Act of 1841, amounting to $1,955,000. and estimated receipts from all sources of $3,800,000, making an aggregate of about $6,450,000, and leaving a probable deficit on the Ist of September next of $4,845,000. In order to supply the wants of the Government, an intelli gent constituency, in view of their best interests, will without hesitation submit to all necessary burthens. But it is, never theless, important so to impose them as to avoid defeating the just expectations of the country growing out cf pre-existing laws. The Act of the 2d March, 1833, commonly called the Compromise Act, should not be altered, except under urgent necessities, which are not believed at this time to exist. Cne year only remains to complete the series of re ductions provided for by that law, at which time provisions made by the same law, and which then will he brought actively in aid of the manufacturing interests of the Union, will not fail to produce the most beneficial results. Under a system of discriminating duties, imposed for purposes of revenue, in union with the provisions of existing laws, it is to be hoped that our policy will in the future be fixed and permanent— so as to avoid those constant fluctuations which defeat the very objects they have in view. We shall thus best maintain asposition which, while it will enable us the more readily to ,aneet the advances of other countries calculated to promote our trade and commerce, will, at the same time, leave in our own hands the means of retaliating, with greater effect, unjust regulations. In intimate connection with the question of revenue, is that which makes provision for a suitable fiscal agent, capable of adding increased facilities in the collection and disbursement of the public revenues, rendering more secure their custody, and consulting a true economy in the great multiplied and delicate operations of the Treasury Department. Upon such an agent depends, in an eminent degree, the establishment of a currency of uniform value, which is of so great importance to all the es sential interests of society, and on the wisdom to be manifested in its creation much depends. So intimately interwoven are its operations, not only with the interests] of individuals, but of States, that it may be regarded, to a great degree, as controlling both. If paper be used as the chief medium of circulation, and the power be vested in the Government of issuing it at pleasure, either in the form of Treasury drafts or any other; or, if Banks be used as the public depositories, with liberty to regard all surpluses from day to day, as so much added to their active capital, prices are exposed to constant fluctuations, and industry to severe suffering. In the one case political considerations directed to party purposes may control, while excessive cupidity may prevail in the other. The public is thus constantly liable to imposition. Expansions and contractions may follow each other in rapid succession—the one engendering a reckless sniriLtif.teNtrats: - -- -- • intreecdusinealitt in prices, an accomplishing an entire change in the aspect of affairs. Stocks of all sorts rapidly de cline, individuals are ruined, and States embarrassed—even in their efforts to meet with punctuality the interest on their debts. such unhappily is the condition of things now existing in the United States. These effects may readily ue traced to the causes above referred to. The public wenues being removed from the then Bank of the United Statit under an order of a late President, were placed in selected State Banks, which, ac luated by the double motive of conciliating the Government and augmenting their profits to the grea'est possible extent, en larged extravagantly their discounts, thus enabling all other existing banks to do the same. Large dividends were dee/ss se d, which stimulating the cupidity of capitalists, caus ''l. a rush to be made to the Legislatures of the respective states for similar acts of incorporation, which; by many of t h e S te.t es, un d er a tem perary infatuation, were readily grante:t_and thus the augmen • tation of the circulating medlua-., consisting almost exclusively of paper, produced a me,st delusion. An illustration rived from the land sales of the period alluded to, serve best to show the effect of the whole sys tem. ' r oe average sales of the public lands for a peri o d o f ten r'se.rs prior t 0.1834, had not much exceeded 2,000,000 dols. per annum. In 1834, they attained in round numbers to the amount of 6,000,000 dols., in the succeeding year of 1835, they reached 16,000,000 : i dols., and the next year, of 1836, they amounted to the enormous sum of 25,000,000 dols.—thus crowding into the short space of three years upwards of seventy-three years' purchase of the public domain. So apparent had become the necessity of arresting this course of things, that the Executive Department assumed the highly questionable power of discriminating in the funds to be used in payment, by different classes of public debtors. A dis crimination which was, doubtless, designed to correct this most ruinous state of thins , by the exaction of specie in a ll p aymen t s for the public lands, but which could not at once arrest the tide which had so strongly set in. Hence the demands for specie became unceasing, and corresponding prostration rapidly ensued under the necessities created with the banks to curtail their discounts, and thereby to reduce their circulation. I recur to these things with no disposition to censure pre-existing ad ministrations of the Government, but simply in exem plification of the truth of the position which I have assumed. if, then, any fiscal agent which may be created, shall be placed without due restrictions, either in the hands of the ad ministrators of the Government, or those of private indivi duals, the temptation to abuse will prove to be resistless. Objects of political aggrandisement may s ed uce th e fi rst , an d the promptings of bounless cupidity wilt assail the last. Aided by the experience.of the past, it will be the pleasure of Con gress so to guard and fortify the public interests in the creation of any new agent, as to place them, so far as human wisdom can accomplish it, on a footing of perfect security. With in a few years past three different schemes have been before the country. The charter of the Bank of the United States expired by its own limitations in 1836 ; an effort was made to renew it which received the sanction of the two Houses of Congress, but the then President of the United States exer cised his veto power, and the measure was defeated. A re gard to truth requires me to say, that the President was fully sustained in the course he had taken by the popular voice. His successor to the Chair of State unqualifiedly pronounced his opposition to any new charter of a similar institution; and not only the popular election which brought him into power, but the elections through much of his term, seemed clearly to indicate a concurrence with him in sentiment on the part of the people. After the public moneys were withdrawn from the United States Bank, they were placed in deposits with the State Banks, and the result of that policy has been before the country. To say nothing as to the qu.stion whether that experiMent was made under propitious or adverse circumstances, it may safely be asserted that it did receive the unqualified condemnation of most of its early advocates, and, it is believed, was also condemned by the popular sentiment. The existing Sub-Trea sury system does not seem to stand in higher favour with the people, but has recently been condemned in a manner too plainly indicated to admit of a doubt. Thus, in the short pe riod of eight years, the popular voice may be regarded as hav ing successively condemned each of the three schemes of finance to which I have adverted. As to the first, it was intro.. duced at a time (18161 when the State Banks, then compara tively few in number, had been forced to suspend specie pay ments by reason of the war which had previously prevailed with Great Britain. Whether, if the United States Bank charter, which had expired in 1811, had been renewed in due season, it would have been enabled to continuje specie payments during the war, and the disastrous period to the commerce of the country which immediately succeeded is, to say the least, pro blematical; and whether the United States Bank of 1816 pro duced a restoration of specie payments, or the same was ac complished through the instrumentality of other means, was a matter of some difficulty at that time to determine—certain it is, that for the first years of the operation of that bank, its course was as disastrous as, for the greater part of its subse quent career, it became eminently successful. As to,thc second, the experiment was tried with a redundant treasury, which continued to increase until it seemed to be the part of wisdom to distribute the surplus revenue among the States, which ;operating at the same time with the specie circular, and the causes befot e adverted to, caused them to suspend spe cie payments, and involved the country in the greatest embar rassment. And as to the third, if carried through all the stages of its transmutation, from paper and specie, to nothing but the p rec i ous metals, to say nothing of the insecurity of the public moneys, its injurious effects have been anticipated by the country, in its unqualified condemnation. What is now to be regarded as the j u d gment o f t h e American peo ple on this whole subject, I have no accurate means of Sub-Treasury principles in and openly delard ; an d the determining b ut b y appealing to their more immed i ate repre sentatives. Th e l ate contest, which terminated in the elec tion receivedaresuli thee e most ec of G enera l H arrison to the Presidency, was decided on the con demnation, y e t no other scheme of finance seemed to have been concurred i n. T o you, then, who have come more directly from th e b o d y of our common constituents, I submit i w de h d ile the entire question, as best qualified to give a full exposition of their wishes and opinions. I shall be ready to concur with you in the adoption of such system as you may propose, re serving to myself the ultimate power of rejecting any measure which may, in my view of it, conflict with the Constitution, or otherwise jeopardize the power of the country—a power which I could not part with even if I would, but which I will not believe any act of yours will call into requisition. I beg leave particularly to call your attention to the accom- THE SUN, LONDON, THURSDAY, JUNE 24._1811: panying Report from the Secretary of War. Ile:ides the pre.. sent state of the war which has so long afflicted the territory of Florida, and the various other matters of interest therein referred to, you will learn from it that the Secretary has insti tuted an inquiry into abuses, which promises to develope gross enormities in connection with Indian treaties which have been negotiated, as welt as in the expenditures for the removal and subsistence of the Indians. He represents also other irregula rities of a serious nature that have grown up in the practice of the. Indian department, which will require the appropriation of upwards of 200,000 dole. to correct, and which claim the im mediate attention of Congress. In reflecting on the proper means of defending the country, we cannot shut our eyes to the consequences which the intro duction and use of the po\ccr of steam upon the ocean are likely to produce In wars h?tweengmaritime States. 'We can not yet see the extent to which this power may be applied in belligerentoperations, connecting itse)f as it does with recent improvementa•in the 'science of gunnery' , and projectiles ; but we need have no feat' of bthig left; in regard to these things, behind the mast active 'and ''Skilful of other nations, if the genius and enterpri4e of otir'fellow.citizens receive proper en couragement and direction from Government. True wisdom would:nevertheless, seem to dictate the neces sity of placing in perfect coidition these fortificationi which are designed for the protection 'Of our principal cities and roadsteads. For the 'defence of our extensive maritime coast, our chief reliance should 'be .Placed on our Navy, aided by those inventions which are destined to recommend themselves to public adoption—but no time should be lost in placing our principal cities on the sea-board, and the lakes, in a state of entire security from foreign assault. Separated as we are from the countries of the Oid World, and in much unaffected by their policy, we are happily relieved from the necessity of maintaining large standing armies in times of peace. The policy which was adopted by Mr. Munroe, shortly after the conclusion of the late war with Great Britain, of preserving a regularly organized staff, sufficient for the command of a large military force should the necessity of one arise, is founded as well in economy as in true wisdom. Provision is thus made, upon filling up the rank and file, which can readily be done on any emergency, for the introduction of a system of discipline both promptly and efficiently. All that is required in time of peace is to maintain a sufficient number of men to guard our fortifications, to meet any sudden contingency, and to encounter the first shock of war. Oar chief reliance must be placed on the militia; they constitute the great body . Of national guards, and, inspi7ed by an ardent love of country, will be ready at all times, and at all seasons, to repair with alacrity to its defence. It will be regarded by Congress, 1 doubt not, at asuitable time, as one of its highest duties to attend to their complete organization and discipline. I cannot avoid recurring , in connection with thi s su bj ec t, t o the necessity which exists for adopting some suitable measure, whereby the unlimited creation of Banks by the States may be corrected in future. Such result can be most readily achieved by the consent of the States, to be expressed in the form of a compact among themselves, which they can only enter into with the consent and approbation of this Government. A con sent which might, in the present emergency of the public de mands, justifiably be given by Congress in advance of any action by the States as an inducement to such action upon terms well defined by the act of tender. Such a measure addressing it.elf to the calm reflection of the States would find in the ex perience of the past, and the condition of the present, much to sustain it—and it is greatly to be doubted whether any scheme of finance can prove for any length of time successful, while the States shall continue in the unrestrained power of creating banking corporations. This power can only be limited by their consent. With the adoption of a financial agency of a satisfaCtory character, the hope may be indulged that the country may once more return to a state of prosperity—measures auxiliary thereto, and in some measure inseparably connected with its success will doubtless claim the attention of Con gress. Among such, a distribution of the proceeds of the sales of the public lands, provided such distribution does not force upon Congress the necessity of imposing upon com merce heavier burthens than those contemplated by the Act of 1833, would act as an efficient remedial measure by being brought directly in aid of the States. As one sincerely devoted to the task of preserving a just balance in our system of Go vernment by the maintenance of the States in a condition the most free and respectable, and in the full possession of all their power, I can no otherwise than feel desirous for their emanci pation from the situation to which the pressure on their finances now subjects them. And while I must repudiate, as a measure founded on error, and wanting constitutional sanction, the slightest approach to an assumption by this Government of the debts of the States, yet I can see in the distribution adverted to, much to recommend it. The compacts between the propri etor-states and this Uovernment expressly gu , rantee to the States all the benefits which may arise from the sales. The mode by which this is to be effected, addresses itself to the discretion of Congress as the trustee for the. States, and its exercise, after the most beneficial manner, is restrained by no thing in the grants or in the Constitution so long as Congress shall consult that equality in the distribution which the com pacts require. In the present condition of some of the States the question of distribution may be regarded as substantially a question between direct and indirect taxation. If the dis tribution be not made in some form or other, the necessity will daily become more urgent with the debtor States for a resort to an oppressive system of direct taxation, or their credit, and necessarily their power and influence,. will be greatly diminished. The payment of taxes, often the most inconvenient and oppressive mode, will be exacted in place of contributions for the most part voluntarily made, and therefore comparatively unoppressive. The States are empha tically the constituents of this Government, and we should be entirely regardless of the objects held in view by them, in the creation of this Government, if we could be indifferent to their good. The happy effects of such a measure upon all the States, would immediately be manifested. With the debtor States is would effect the relief, to a great extent, of the citizens from a heavy burt.hen of direct taxation, which presses with severity on the labouring classes, and eminently assist in restoring the general prosperity. An immediate advance would take place in the price of the State securities, and the attitude of the States would be come once more, as it should ever be, lofty and erect. With States labouring under no extreme pressure from debt, the fund which they would derive from this source 'would enable .tliem to improve their condition in an emi rieleorec,„Qcs,kr,a-tkts,Gosppmmnis concerned, ap revenue derived from the land sales might be abandoned, atial thus a system of unequal and therefore unjust legislation would be substituted by one dispensing equality to all the members of this Confederacy. Whether such distribu tion should be made directly to the States in the proceeds of the sales, or in the form of profits by virtue of the operations of any fiscal agency having those proceeds as its basis, should such measure be contemplated by .Congress, would well deserve its consideration. Nor would such disposition of the proceeds of the sales, in any manner, prevent Congress from time to time kora passing all necessary pre-emption laws for the benefit of the actual settlers—or from making any new arrangement a• the price of the public lands which might in future be esteemed desirable. The state of the Navy pension fundsrequires the immediate attention of Congress. By the operation of the Act of the of March, 1837, entiVed "an Act for the more equitable ad ministration of the Navy Pension Fund," that fund has been exhausted. It will be seen, from the accompanying report of the Commissioner of Pensions, that there will be required, for the payment of Navy pension, on the first of July next, 84,006 06 1-3 dols., and the first of January, 1842, the sum of 60,000 dols. In addition to these sums, about 6,000 dols. will be required to pay arrears of pensions which will probably be allowed between the first of July and the first of January, 1842, making in the whole 150,006 06 1-3 dols. To meet these payments, there is, within the control of the Department, the sum of 28,040 dolt. leaving a deficiency of 121,966 06 1-3 dols. The public faith requires that immediate provision should be made for the payment of these sums. In order to introduce into the Navy a desirable efficiency, a new system of accountability may be found to be indispen sably necessary. To mature a plan having for its object the accomplishment of an end so important, and to meet the just expectations of the country, require more time than has yet been allowed to the Secretary at the head of that department. The hope is indulged that, by. the time of your next regular session, measures of importance, in connection With this branch of the public service, may be matured for your consi deration: Although the laws regulating the Post-Office Department only require from the officer charged with its direction to re port at the usual annual session of Congress, the Postmaster- General has presented to me some facts connected with the financial condition of the Department, which are deemed wor thy the attention of Congress. By the accompanying report of that officer, it appears the existing liabilities of that Depart ment, beyond the means of payment, at its command, cannot be less than $300,000. As the laws organising that branch of the public se, vice, confine the expenditure to its own revenues, deficiencies therein cannot be presented under the usual esti mates for the expenses of Government. It must therefore, be left to Congress to determine whether the moneys now due to the contractors shall ,be paid from the public Treasury, or whether that department shall continue under its present em barrassments. It will be seen by the report of the Postmaster- General, that the recent lettings of contracts in several of the States, have been made at such reduced rates of compensa• tion, as to encourage the belief that if the department was re lieved from existing difficulties, its future operations might be conducted without any further call upon the general Treasury. The power of appointing to office is one of a character the most delicate and responsible. The appointing power is even more exposed to be led into error ; with anxious solicitude to select the most trustworthy for official station, I cannot be sup posed to possess a personal knowledge of the qualifications of every applicant. I deem it, therefore, proper, in this most public manner, to invite, on the part of the Senate, a just scrutiny into the character and pretensions of ever person I may bring to their notice in the regular form of a no mination for office. Unless persons every way trust worty are employed in the public service, corruption and irregularity will inevitably follow. I shall with the greatest cheerfulness acquiesce in the decision of that body, and re garding it as wisely constituted to aid the Executive Depart ment in the performance of this delicate duty, I shall look to its " consent and advice" as given only in furtherance of the best interests of the country. I shall also, on the earliest pro per occasion, invite the attention of the Congress to such mea sures, as, in my judgment, Kill be best calculated to regulate and control the Executive Power in reference to this vitally important subject. I shall also, at the proper season, invite your attention to the statutary enactments for the suppression of the slave trade, which may req u i re t o be rendered more efficientprovi sions. Th ere .i s reason t o b e li ev e that the traffic is on the in. in their crease. Whether suth increase is to be ascribed to the aboli tion of slave labour in the British possessions in our vicinity, and an attendant diminution in the supply of those articles which enter into the general consumption of the world, thereby augmenting the demand from other quarters, and thus calling for additional labour, it were needless. to inquire. The high • est considerations of public honour, as well as the stron g est promptin gs o f humanity, require a resort to the most vigorous efforts to suppress the trade. In conclusion, I beg to invite your particular attention to the interest of this District ; nor do I doubt but that in a liberal spirit of legislation y ou w ill see k to a d va nce its commercial as well as its local intere s t s . Sh ou ld; -Congress deem it to be its duty to repeal the e xi s ti ng S u b-T reasur y law, the necessity of providing a suitable pl ace o f d epos it f o r the public moneys, which may be required within the District, must be apparent to all. I have felt it due to the country to present the foregoing topics to your consideration arid reflection. Others with which it might not seem proper to trouble you at an ex traordinary session, bill be hid before you at a future day. I am happy in committing the important affairs of the coun try into your hands. The tendency of public sentiment, I am pleased to believe, is towards the adoption, in spirit of union and harmony, of such measures as will fortify the public interests. To cherish such a tendency of pub lic opinion is the task of an elevated patriotism. That dif ferences of opinion, as to the means of accomplishing these desirable objects, should exist, is reasonably to be expected. Nor can all be made satisfied with any system of measures ; but I flatter myself with the hope that the great body of the people will readily unite in support of those whose efforts spring from a disinterested desire to promote their happiness—to pre serve the Federal and State Governments within their respec tive orbits—to cultivate peace with all the nations of the earth on just and honourable grounds—to exact obedience to the laws—to"entrench liberty and property in full security—and, consulting the most rigid economy, to abolish all useless ex penses. Washington, June I, 1841, JOHN TYLER, APPOINTMENTS BY THE GOVERNOR AND SENATE. MAY 25, 1841. NEW Youx.—John A. Schuyler, Notary Public, in place of John A. Magher. A. Cordon Hammersley, Notary Public. Francis H. Peckwell, Culler of Staves and Heading. KlNGS.—Benjamin D. Silliman, of Brooklyn,Exam iner in Chancery, in place of Abraham D. Soper. MAY 27, 1841. So`!on Grout, of Rockingham, Windsor county, Vermont, Commissioner of Deeds for the State of New York. NEW YORK MONEY AND COMMERCIAL NEWS. NEW YORK RATE OF SALE OF STOCKS, JUNE 1. Dols. 21,000 Indiana Sterling Bonds 5,000 do. . do. 5,000......d0... ...Dollar 1,0( 0 do. .Long Bonds 90 shares Delaware and Hudson. lO2 125 do do. 100 ....do. North American Trust 75 do. do 425. • .do U. S. Bank b6O 214 45. ..do 35 do Canton Company 100 do Vicksburgh 200 do do 25 . do Mohawk 7l 100 do 200 . '. do ...Patterson Railroad 40... .do. New Jersey, 11 R B3 50 do N. Y., Boston and Prov 321 5 do Boston and Providence. 85 .do . .Harlem R. R 29k 3,000 on Philadelphia (l5/ Second Board. 25 shares United States Bank 16 do Bank of Commerce 75 do North American Trust ll4 50 do . do S 60... 11 50 do N icksburgh 25. do do 8.60... 8 50 do Long Island Railroad 100 do Harlem It R. THE MARKETS, JUNE 1. The Merchants' cargo of Teas were offered by auction this morning, but nearly all withdrawn, though the lots sold brought about the same rates with recent sales. The Cotton Market is firm and the sales moderate, say 500 bales this morning. Flour is heavy, - and sales of good Ohio have been made at 4 dol. tile., which is a decline of 6 cents. Corn fluctuates. Part of a cargo of Corn was sold yester day at 65 cents. per bushel, and the balance 62 cents. Potashes are brisk at 5 dol., and buyers would be glad to get Pearls at the same price, but holders demand 5 dol. 25 cts. Stocks are rather buoyant. U. S. Bank Notes 19 dis. Exchanges, including Certificates and Checks :—Bills on London i a 8 ; Ditto, France, sf. 25c. a sf. 26ic. The proclamation, dissolving the old, and sum moning a new Parliament, to meet on Thursday, August 19th, was published, yesterday, in a sup plement to the Gazette. The people are now unrepresented, the monopolist Parliament is justly and properly extinguished, and the cha racter of the next assembly will depend on the electors. If they be wise, virtuous, and intelli gent, so will be the next House of Commons; but if they be ignorant, venal, and foolish, the new Parliament will resemble the old one, and mono poly will be continued in spite of her MAJESTY. What will be the results of the appeal no man can tell. From the immense numbers of placards, speeches, and addresses, which reach us, it is plain that agitation is rife in the land. The soul of the nation is kindled, enthusiasm has succeeded apathy, the high and steady re solve has taken the place of indifference, and will set at naught, we believe, calculations of routine politicians. As her MAJESTY has declared in favour of the system which proposes to relieve the people by enlarging trade and diminishing monopolies, which it i 3 thought cannot be immediately abo lished, what will the clergy do in the great struggle ? Will they range themselves againSt the throne, and against justice ? Will they use their in fluence to force another Ministry on the QUEEN, and maintain the law which at once plunders and starves the people ? Will the so-called ministers of righteousness, who depend alike on the throne and on the multitude, war on the side of iniquity and the aristocracy, against the QUEEN and the people ? Let the clergy bp closely watched, and let the people forsake the ministry of every prrest who demonstrates that he is the servant of Moloch, by exerting himself to uphold the ini quitous starvation laws. Let the priesthood, too, be warned in time. The people are in too serious a temper to be trifled with, and if the priesthood use their power to oppose the QUEEN, and maintain the starvation laws, they will forfeit the mspect of the people, their churches will be, as they . ought to be, deserted, and they spteuiry - - expire trom -- wituering contempt. Poverty, misery, and dearth men may submit to, but they will not, even at the bidding of the Arch bishop of CANTERBURY, do violence to their own nature, and worship the demon of destruction. We see by • a whole series of returns made under the late census from the neighbourhood of Manchester, that the increase of population has there received a serious check. The increase per cent., for example, was in the decennial periods ending 1831. In Cheetham 1841. - Crumpsall Levenhulme Oldham Township 5O Out Township Chapelry of Oldham 32 Heaton Norris 106 In most of these places there are many empty houses, and there is no doubt that the check had taken place during the last two or three years. A glance at the table will satisfy every man of the cause of the misery now felt in the manufacturing districts. The want of food, which the law withholds from the people, is starving them out of existence. Will the elec tors vote for the continuance of such an abomi nable and devilish law? Will they bring on the land, by upholding such wickedness, the sure curse of the Ruler of the World ? By the Emancipation Act of 1829, Roman Catholics are unjustly excluded from the office of Lord Chancellor of Ireland. Of course, therefore, that office, under the law, must be filled by a Protestant. At present the bulk of the Protestants of Ireland are Tories, leagued with P EEL, friendly to the Orangemen, and op posed to the Catholics. Had the Ministers ap pointed one of them to he Lord Chancellor— Mr. Sergeant BLACKBURNE is mentioned by a Liberal paper—they would have placed in the highest judicial office in Ireland a determined enemy of the Catholic population, by whom they are supported, and most likely a bitter foe to Mr. O'CONNELL, who is one of the best friends of the Ministers and of the Liberal cause. For not having thus insulted and outraged Mr. O'CoN NELL and the Catholic Irish, the Ministers are unsparingly abused even by the Liberal and O'CONNELL papers of Dublin. Independently of the fact that the Chancel lor, if taken from the Irish bar, must have been some enemy of the Liberal cause, and of the Irish Catholics, party spirit runs so high in Ireland that most of the eminent members of the Irish bar are obnoxious to charges of party spirit, and were they placed on the woolsack would be liable to bring discredit on the administration of justice. Let the reader remember the impu tations which have been thrown on Chief Jus tice O'DoHERTY and Mr. Baron RICHARDS. By the appointment of an eminent English barris ter, which has generally been the practice —as the cases of Lord MANNERS, Sir A. HART, and Sir E. SUGDEN, in our own time prove, Lord PLUNKETT being the exception—the Government has taken a proper security for the due, impar tial, unsuspected administration of justice. A more eminent lawyer, well acquainted as a Lord Chancellor ought to be with both common law and equity, than Baron CAMPBELL does not ex ist. If a vacancy occurred spontaneously in the Chancellorship of Ireland a more suitable selec tion could not be made ; yet for making this ap pointment the Ministers are foully and unjustly censured by the Liberal Irish press. It is a great object with all good men who wish to see all parts of the empire united in brotherly love, to wipe out as fast as possible the National distinctions of Irish, and English, and Scotch. Hence it has been proposed to call Ireland, West Britain. Hence Lord LYNDHURST has been re probated, with just severity, for using language tending to keep alive and exasperate these distinc tions. Hence the Liberal Press in England, and in Ireland, have justly condemned the inflamma tory remarks of the Tory journals, against Irish Catholic gentlemen being appointed to situa tions connected with the Government, or about the Court. But now the Liberal journals of Ire land, and the whole Irish bar, forgetting these principles the instant self-love and self-interest are wounded, labour to revive and strengthen those national feelings, because a gentleman who was not born in Ireland, has been made Lord Chan cellor of Ireland. " Let a Tory,'' says the Dub lin Pilot, "be appointed; let it be BLACKBURNE, but, at least, let it be an Irishman." Such remarks, from - those who justly demand equality of treatment, are puerile, not to say ab surd. We know of one Master of Chancery who is an Irishman, Mr. LYNCH ; there may be others ; but we have no recollection that the London press and the London bar resisted his appointment, or found fault with it, because he was born across the Irish Channel. It would have been excessively illiberal and unjust if they had. If an Irishman were made Lord Chan cellor of England, the bar and the press would not find fault with the place of his birth. On the excellent principle of amalgamating all the people, and sinking the distinctions of Irish, Scotch, and English, the appointment ought never to have been questioned. The censures heaped on the Ministers because Baron CAMP BELL was born in Scotland, are consequently only a disgrace to those who make them. W e expect thetn in the Dublin Evening Mail and the London Standard, but in Liberal journals they are completely out of place. In truth, after tracing the leading causes, as we have just done, why an Irish barrister can very seldom be found adapted to fill the office of Lord Chancellor of Ireland, seeing that he must be a Protestant, and tolerably free from local par tisanship, we are ashamed of our Irish brethren. They have, on this occasion, totally forgotten the general principle of an equality between all the countries, and cannot possibly do themselves a greater injury than to confine all Irish patron age to Irishmen, and thereby exclude them selves from holding office in England. It is for their advantage that there should be an equal distribution of offices and placer, without distinc tion of nation or sect ; for that principle we con tend, and that principle the Liberal journals of Ireland violate in their hostile remarks on the appointment of Baron CAMPBELL. We make these observations wholly irrespec tive of the cause of the vacancy. The Irish papers and the Tory journals call the vacancy and the appointment a job, but we have heard rumours of the retirement of Lord PLUNKETT for many months, and even for some years; and only those can now call his retirement a job, who believe the Whigs are about to retire from office. That is not the belief of the Whigs, and they make the appointment in the confident hope of holding office for a considerable time. Lord PLUNKETT has long been solicited to retire, because his growing infirmities render Mm in capable of fulfilling the duties of his office. He said himself, slow as he must be to believe that he is growing old, "the regret I feel is much alleviated by the consciousness that the period of life at which I have arrived must have induced me at no distant time, independentl3 of the events which have lately happened, to retire from the discharge of my duties." His retire ment, then, is a matter of necessity, and it is only called a job because it is supposed that the Whigs make it, believing they must speedily re tire themselves. Some of Lord PLUNKETT'S observations, we must add, appear to us to be uncalled fOr. What business had he to cast a slur on himself for yielding to improper solicitations, and on others for making them ? His . gratitude is strangely shown in the following passage, .in which he countenances some scandalous insinua tions against his benefactor : With regard to the particular circumstances which have occasioned my retirement, I wish to say a f l ew words. I think it a duty which I owe to myself, and to the members of the bar, to state, that for my retirement on this occasion I am not in the slightest degree answer able. I have neither directly nor indirectly sanctioned it ; and in giving my assent to the proposal which was made to me of retiring, I was governed solely by its having been requested of me as a personal favour to do so by a person to whom I owe such deep obligations, that an irresistible sense of gratitude made it impossible for me to do anything but what I have done. imogottage 01 .LOl.O. .I"LUNKETT lIICIItICa ua to agree with the following remarks of - the Dublin Pilot : We do not concur in the sympathy some felt, and many feigned, for Lord Plunkett, or • with the motives ascribed to that person for resenting his ejectment from the Chancellorship, nor in that wonderful array of vir tues and qualifications ascribed to him by the Post and other papers, or that perfectibity of public life with which he became all at once invested. We same in the man, on this occasion, the same greedy gripe-all he had been on almost every other—we saw in the mode of his disseminating the story, treachery to his party and its principles, which he rvidently sought ,to da mage, because he could not continue to control. We entered cordially into the general feeling of the grossness of the jell), the unhappy juncture it was done in, and in its dispiriting effects, and we felt the national wound and insult also, not the less because it was such as we have been accus tomed to experience and resent from England ; yet to Lord Plunkett himself we gave none of our sympathy —to his conduct in the case none of our approbation — to his professed motives none of our belief ! His retainers, Whig and Tory, were very busy in circulating that Lord Plunkett chiefly felt, in the in stance, the insult to his country—that of placing an English Chancellor over us ! We feel, because we al ways felt, such insults. But when did Lord Plunkett ever evince this laudable indignation before ?—We do not credit him now. His life forbids it. He never did remon strate in private ; we judged he did not at once, we now know it. The resentment of Lord Plunkett had not one ingre dient of nationality, but every ingredient of selfish greedi ness. When taking leave to-day, to be sure, of the bar —in public, when it would produce its resentful effects against his benefactors,. he talked plausibly, as he is capable of doing, about the insult to the Irish bar. But we never heard of such indignation before, although England has been constantly treating us similarly. With his ejection from office, and all its patronage and influence—" no more pickings for the Hannibals " this was the predominant thought—it was this which caused him reluctantly to leave office, giving a last kick at the Government from which he received it, and from which, if we are rightly informed, his obstinate resist ance to the purification of the Irish Magistracy caused the necessity long felt of removing him. Lord PLUNKETT has cast a blight on the la bours of a long and useful life by the manner in which he has drawn them to a close. We must reverse the often-quoted sentence, and say of his public life, that " nothing in it so ill became him as the leaving of it." He has clung to office till his faculties have left him ; and, in resigning it, he ap pers to have forgotten discretion, and sacrificed his honour. The Times yesterday blundered in a paren thesis on a very sensible remark. It said " full employment and cheap bread (benefits which no Legislative measures can ever secure to the people)." That is very true, and proceeding on that principle the disciples of free trade demand the abolition of measures intended, as it is said, " to secure cheap food and full employment to the people." The bread tax is expressly main tained because it gives full employment to the agricultural labourers, and because in the long run it secures the people cheap bread. The Times avers, and so do we, that no measures can effect that, and therefore we demand the repeal of the starvation laws, while our Con tempory, with marvellous inconsistency, mocks at those who act in accordance with his principle. The great distinction between free traders and traders in fetters, is that the former believe in, and act on, the axiom we have quoted from the Times; the latter do not believe in it, and act in opposition to it. They pretend that legislative measures can accomplish all things, and they make laws to regulate and re strain trade, because, as they say, their laws will provide cheap food and full employment for the people. Those who demand the abolition of the Corn-laws expect, or at least hope, that cheap food and full employment will be the conse quence of getting rid of the legislative measures which have been enacted to effect what the Times says is an impossibility. The free traders demand the abolition of legislative measures, not to replace one bad measure by another. Our Contemporary has heretofore smitten the land lords and their absurd schemes very hard, and it is plain, from the sentence we have quoted, that he cannot get out of his old habits, The Levant Mail has at last arrived, bringing letters and papers from Constantinople of the 27th, from Alex andria of the same date, from Smyrna of the `9th ult., and from Malta of the Gth instant. We have likewise re ceived advices from Syria of the 14th, and from Athens INIORNIN'II EDITION. of the 30th ult. The whole mass of news from the Medi terranean does not, politically speaking, amount to much On the 22d ult, according to one report, and the 21st according to another, the Divan at Constantinople drew up a new Erman, in conformity with the wishes of the Great Powers, conferring upon MEHEmEr ALI the here ditary government of Egypt. This firman is reported to consist substantially of five articles to the following effect:— Article 1. The hereditary possession of Egypt is Vs' ranteed to MEnEmET Au and to his descendants, as Governors under the SULTAN, in a direct line. 2. M.EuEmET ALI is to have the authority of nowi' nating to all offices, civil, military, and naval in Egy up to the rank of a Colonel in the military service, and its corresponding grades in the other services. Hlb ranks, and the title of Pacha, is only to be conferred by the VICEROY, with the consent of the SULTAN. 3. The annual tribute to be paid by the VicErtolt i s 80,000 purses, or 40,000,000 piastres, a sum equal 400,000/. sterling. 5. The laws and regulations of the Ottoman etro; e o are to be observed in Egypt, with such changes itsle peculiar habits and dispositions of the Egyptian P e4 llow( may render necessary, which changes can only b e a , after they have been submitted to the consideration ana received the sanction of the Sublime Porte. The amount of tribute is enormous when the impo verished condition of Egypt is considered, and still mor e when it is borne in mind that no part of it is to go to de , - fray the expenses of the local Government. Our 114: vices from Alexandria would lead us to conclude that MEIIEI'IET ALI would refuse to pay such a sum. 1 .4 e The news from the Greek capital is of consi ders interest. It appears that King OTHO, whom all the world took for a fool, is about to turn out a great warrior, charged with the holy mission of restoring Greece to that height of glory from which her own ui-e ternal divisions contributed more to hurl her, than tihd vigorous, all-corrupting policy of Macedon, or the War subduing genius of Consular Rome. On Sunda the 23d ult., his Hellenic MAJESTY, his QUEEN , and to his Court, attended a performance at the theatre, th e l. proceeds of which was to be remitted to purchase aro and ammunition for the insurgent Candiotes. Abottt ~ 10,000 drachmas (3001. sterling) were collected, 1' which King OTHO, who is a model of generosity , o b i : scribed 1,200, his QUEEN 800, and the Prince R "Y ft out of his travelling pocket-money, 100. M. LAo nl;o ' the French Minister, was the only member of the corps diplomatique present on the occasion. As to, the liIN G " he is said to be mad for a war with the Turks, and tertains a conviction that for him is destined the gl ory f of hoisting the Greek flag upon the highest tur rets the Mosque of St Sophia. al, A letter from Rhodes, 16th ult.. in the Smyrna fours „ menti' ns that two or three pirate boats had lately been see prowling about the island. The same Journal has also 3%1; munication from Salonica under date of 14th ult., saying , have not received intelligence cf the Greek Admiral Cana',„*". who as sent out in April by his Government in chase of a "-a ber of pirates who had made their appearance in the Gulf r Volo, and even approached Scopelo and other neig.h/xLiiu ing islands. The French brig of war La Fische CaPi, Bret, sailed hence on the 3d, to make a cruise in the 17;, and is daily expected to return. The Austrian sloop arrived on the 11th from Smyrna; none of the ships W t a have come in were met by pirates, but it is asserted that Greek schooner was plundered by one of them in the bale Cassandra only a few hours' sail from Salonica. The tit; tale is said to have been robbed of 3,000 drachmas and provisions." sow The Paris Journals of Monday have all been receif° l3 ' but their contents are of little interest. We have 13° - wise received the following nevus, by an express fro Paris, dated yesterday : Tie Bill authorising the Government‘o expend 501,32 0,4° ?, f ; (2000,000 i. ), on extraordinary Work , , was passed by t" Chamber of Peers on Monday, by a majority of 93 to 23. e . Our accmints from Algiers of the 14 th nstant stat e that e th a. ' military operations round'Aledeah and Militnah were Pr °c . e ,t seeding without any opposition on the part rf the Arabi ; AAc ir" they would last the entire of the month of June, Yawn were to be suspended until autumn. The Austrian Observer mentions that the anniveritari...l the fete of the Emperor of Austria was celebrated at tinople with great pomp on the 30th ultimo, by Baro n SW' mer, the Austrian internuncio. • ir ,.„ o • The Augsburgh Gazette of the 19th, under cute Y.— 14th, contradicts the report of disturbances in Macectania an Thessaly. The collective opinion of the French press, and of 11 . 1 t e e men capable of forming one on the subject, was, th a " ,„, Eastern question will not have been settled by the ultim at; sent to Mehemet Ali by the Porte. h t the By the ordinary Madrid mail of the 15th we learn th at fa u v Minister of Finance had rejected the two • "Positions ()bat advance of funds, made by the capitalists and the Ban k ', o a that a merchant had agreed to lend the Government a ro of 10,000,000 of reals. The widow of General Mi na was the paring to return to Corunna, having declined accepting o f office of governess to the young Queen. The Chamber • Deputies - adjourned for some days on the 15th. 1 a h The Five per Cents. were done on the 15 th at 26 1-1. for cash, and 26i. a at 60 days'. According to advices from Barcelona of the 15th, Mbtihic, tranquillity had not been disturbed in that city but the manufacturing associations had addressed rnenwr,}oo to the Regent urging him to adopt severe measures aga tes smuggling, and to introduce no alteration in the tariff. BOURSE—PARIS, MONDAY, JUNE 19. , Pint Highest Lowest pie • Price Price. Pricy sinec the ,0 art French 5 per Cents ll4 CO 114 65 ... 114 50 4 per Cents 99 30 99 30 99 30 .. 16 10 3 per Cents. ex. div 76 80 76 50 76 5d Bank of ' , trance ..... 3232 50 5U 50 Latlitte Bank 1,0005. Shares 1075 ...1075 -1070 s,oenf. Shares 5165" ...5165 ...5165 •••"; f iosi 5 per Lents. New Loan lOl% ... 1. ... 101% I , l v. ztx.nish Active 22% ... ... 22 3 4 ••• - 5 4 Passive 5% ... ... Neapolitan lO2 25 ... 102 25 3,2 • Roman lOl% 102 ... 101% •••• RAILWAY SHARES. h g 15 Versailles. ....... 1335 335 R. 8... ... 32.5 ••• 455 Rouen 455 ... 455 . 455 ••• 45 Orleans . .... . ....... 487 50 ... 487 50 4 67 50 ••• 7.; 5 ) Strasburg ....... 231 25 ... "31 25 230 ••• WS. MONEY and COMMERCIAL NE ~„/ CITY, TUESDAY Ev---A -N no ls Stocks were not quite so buoyant to-day. ; were less dealt in, but brought 891 to for the openi li " eo: l Exchequer Bills realised 6s. to Bs. prem.; and the Iteu u ' Three-and-a-Half per Cents., 98t to. f No material alteration occurred in the value ° ;h Foreign Securities, which were heavier; however, Sloil:01" . Actives brought 22 to ; Portuguese New, 33 LC () of bian, 21 ; Mexican. 27+ ; and Dutch Five per VI I "' the new loan, 97* to A n n and The Railway Shares were pretty steady. 1 43 .,,,nrLhipe, Birmingham ,69; Great Western at 251 prem. ; rig at ; and Blackwell at 6-1 dis. Wl° By the arrivals from New York we have accoun ts of r d Fayal of the 11th ult., when nothing had been hey' eheti. the President. A French war steamer had wnr,e3y. there, and this must have been the vessel seen by.t/-.' Dann, of the Chieftain, when on his voyage to Qu e j its The Stock Markets are not so buoyant to-daY, two regards general business, we have less doing, P'njess being in abundant supply, and meeting few buyers ti at a decline. • (From The Sun of Last Night.) LIVERPOOL COTTON MARKET, JUNE 22.- - W O na y-trade a very fair market to-day; the sales 3,000 bales to the at previous rates. 41 , Mar' LIVERPOOL SHARE MARKET, JUNE 22 The S W- on eV v ket to-day at the Stock Exchange has been again elti a ry, '- dull. The transactions are Manchester, Bolto n, and noo -521 ; Grand Junction, 202. Other Stocks at previous tations. haver MANCHESTER STOCK EXCHANGE, JUNE 2 2 . -- " r- 1570 change to note in our Market. London and Birmingham' shef- Manchester and Leeds, 52 to 53; Half Shares, 21 22 ; 23 field and Manchester, 20 ; Manchester and Birosing" — r ., to 23i; Bank of Manchester, 6s. 6d. and Os.; bla nches ' surance, 91. for th e 01 1 Exports of Precious metals from the port of London oes. week ending the 17th inst. : , 12,2 Silver Coin to Hamburgh ......................... , to Rotterdam... .......... .• 311" Bars Gold and Silver Coin to West Indies .................. york: the We have two arrivals this morning from New Liver pll,oleodl,iaotfotrileatlPsto j r u te r m ie o ; ut b h u , t an to d t t h h e e pr S e o s u en tl t i tAimme no er l ica, S boo pa pers •• been received. The We have received New York papers of the lst Jun„,joess following are extracts :—There was a fair amou nt oral'fires done at the Exchange Board to-day, and the market safiog about 1,400 shares of the United States Bank were said: off at 211, an advance of 11 per cent. on Saturdayle sat's in- The operations in State Stocks were large , and, in stances, at an advance on the last sale at the Board. The transactions in the Foreign Exchanges for the steamier the which leaves Boston to-morrow have been very large, ,111,,,,1e• remittances for the full purchases are now nearly a 'sterlia The market closed very firm to-day at B toBi or Bill .„ AIONTE VIDEO, APRIL 6.—(Extract of a letter.? te a by' • with is enclosed a translated copy of a decree prono4l, re, this Government, under date of the llth Febru ar y , sAr en' lative to war measures against the commerce of the ale tine republic. In consequence of this a vast number oterypiaa, boats have been fitted and armed, and departed arm a Th e l under commissions or licenses fro 9 this Government. A die , are generally manned with foreigners of all nations..,-,eaersl bolical attempt has recently been made upon th e life ot t agr e Rosa by the introduction of an infernal machine. 11 ,f er o r o , tbe it was sent from France. Vessels are daily arrivin'•,,hts• hat " States and elsewhere, in anticipation of good &eh, have been generally di s appointed. tha t We learn from the United States board in g con' 17,889 passe ngers h ave arr ived at this port from 'foreign_ oboi st tries since the Ist of January last. This, we sh ould saY, P ar r ived the usual number. During the whole of last year th e ; C oun tries' here no less than 62,791 passengers from foreign year before last, 48,152. Her Majesty's Speech has not had any effect on t!' - °,, j3 o l l i e t a il'b s" Funds to the present hour. Consuls continue firm_atiaoeti ing off price of yesterday, at 89 * seller s for the,, PE° • Reduced, 89 1.; Three-and - a - Half Reduced, 967'frhs' chequer Bills, 6 8 prem. ; Bank Stoc k, 168 I ~b Stock, 247 248 ; India Bondi, 1 dis. 1 prem. In the Foreign Market the prices are nominal as 22 A. i e t nothing doing. Spanish Active same as they left ih Deferred, 10i ; Passive, 51; Portuguese, ree 67} W 158 ,s closed, at 331; Three per Cents. , 19 4 20; Brasilia:o,44,l Mexican, ; Colombian, 20* 21 ; Dutch Two per Cents., 52* ; Five per Cents., 99 3 4 100 ' Nov, .' -- e4 SnA RES.— Great Western, 2.5 1 h 26 prem. p s i prem ; London and Brighton, 6i 6 dis. ; 81a e 53 1 541 dis. ; Birmingham, 67 69 prem. ; Southampton, 14 '- share ; Croydon, 13i 4 per share ; Greenwich, share. PRICES OF SHARES THIS DAY Per Al °II?' Ml"' RAILWAYS. Paid. to ••••• Great Western Ditto New Ditto Fifths London and Brighton 5O ...... to .."" Manchester and Leeds ....... 70 ...... ...... to , 211 t to to .. ....... 50 4 ............ 6 10 11 ........... 41 , 4i to • t Ditto New Shares ............... 30 ...... 22 ...... North Midland .. ..... 1 00 ...... ..... to . Ditto Thirds ..................... 5 ...... sii -• , Ditto t and N North ew s h n . d . .. .. .............. 1 50 ...... 17 . to :iv par. • opfreTtshehenetinßomrrintaiiysnhtF:lwnuhditneadrtehsne9oyit w; q e u Ar i le t o e nzie s 9y o l4 g is o_o f_t d oi rgabstti e c to i cac e iou*H il oU t ri n ; e s ; :, house ; - Reduced , 89i, have been 89; ; Three-ium _ • 616"4.14 e c :: : : :11 4 Tei, 1: ba n k st :, Th e 1; Ir e biat i ferreci 1 A n e s } Great 11 Lo :; d on Siatr N , r; Cori snli 22i. Na Burt. ' u,. 3 p er : c l en 3 Per c en TAT. c e dew 5 pet -vng Ana Jan. l i , Oct J ar ,. is, A ria 14 1/ ' l Nn n ' 5 ruil )34 ' a n et os A C{A oxiib ! n b Di lan °. 182. n aniih , 3 r"i 18. ' per 4;.... DI D BUp l , QA Fo r bis In or