The Sun. — London, England, 1840-01-06 00:00:00

EVENING EDITION. L - The 3rd session of the Central Criminal Court during ( the present Mayoralty commenced this morning at the Old Bailey, before the Right Hon. the Lord Mayor, the Recorder, the Sheriffs, Mr. Alderman J. Johnson, Mi. Sergeant Arabic, and the other municipal autho kt On the names of the Grand Jury being called over it was discovered that J. I'. Leader, Esq., :M.P., who had been summoned, was not present, arid as he did not answer to his name the Court directed that a fine of 20/. should be inflicted on the Honourable Gen tleman. The Grand Jury hissing been sworn, were addressed by the Recorder, who stated he was happy to inform them that the number of prisoners for trial was so tew that it was not probable they would he detained beyond the end of the week. But although the offences were few in number, he regretted to have to state that sonic of them were of a serious nature. There were two cases of concealment of the births of children, and two cases of cutting and maimincr, which were of this character. There was also a case of perjury. The Recorder having drawn the attention of the Jury to these cases, dismissed them to their room, to proceed with the execution of their duties. The calendar contains the names of 118 prisoners for trial. THE HARKETS--:-(THIS DAY.) The past week's supplies of Grain were tolerably good, and the quantities fresh up fan. The best parcels of Wheat being few, obtained last Monday's terms ; other sorts dull, and rather lower. Fine Barley, being scarce, a trifle dearer. other kinds have sold at their late terms. Beans and Pease dull, and each Is. per quarter cheaper. Oats seet a fair demrnd, at last week's rates. In the Flour trade there has been a slack demand, at no variation in price*. rticza ex 110A.RD Or CHIT. Wheat, Red (old) sss. 72, Beans, Smell ,new) 44. 46s ----.., White (old) 65 a . OIL ----- Red l 839) Ms. 604. - Tick (new) 'Ms 31 .-- Fine (13s. R. 1.. ----- (old) -........___ Superfine (41A. Ms. - Harrow (new) 390 LI,/ ------.Wla ice ( l8:39) ...AUL 04s. ----- Fine ............ Mi. 71s Bran k --- Superfine 72s '754 Oats, Feed -6.-s --- Foreign free ...... Ofis 82s. ------ New 23..27. BRyn. ............................. 4fis 404. - Poland -.... -I. arley .........................39, 38. New .11,48 , ---- Grinding ........... .204 365. - Potatoe 22. 3241. -- Malting ............. 81114. 45.. -____ ...T., Malt Vs. 65.. -. Scoters re, ;322. '---- Fine New.. ......... 88s. 745. - Irish 22+... 25 , 37,. Pease, grey, New 36s 8 4 3. Flour Town , per ^ack).... 5462 . . ...-__ Maple New . 3 Bl. 404. - Seconds 54..56s --.-... White 38s 40s. -.....- North Country -.56. 59 , --... Boilers 40s. 42.. Braa 9 10 ARRIVALS OF GRIN IN LONDON DURING LAST WEKK Barley. . )ale. 1 - : , r 1119114ish ........ Wheat Barley. 12,823 qrs. P,113.5 qrs. 1 '7,564 sacks. Irish . ..... ....-. - -. 8,572 i - Fore's' ......... 5,592 D.l I I SMITHFIELD. 75) 1 1,49.3,15. There was a pleasant trade done in Beef and Mutton, the supply equal to the demand, but for finer sorts of Mutton a decline of 2d. per stone was submitted to. Beef brought higher prices. For Veal there was an unusual demand, and the number of calves being short an advance of 4d. on last week's prices was freely given. Pork dull of sale, and prices have fallen considerably. Numbers at market ;-Beasts, 2,791; Sheep, 22,716; Calves, 70; Pigs. 436. BILLINGSGATE MARKET. The supplies were not very large ; trade was good, and prices much the same as on Saturday. Turbot, Ss. to 21s. ; Crimped Salmon, Ss. per lb.; Cod, 2s. 6d. to 12s. ; Gurnet, Is. to 2e. each ; Soles, 6d. to 3e. 6d. per pair ; Lobsters, 6d. to :3s. Whitings, 4d. to Bd. ; Haddocks, Bd. to Is. 6d. ; Oysters 163. to 4!,. per bushel. TEA SALE THIS DAY. The public monthly sale of Tea has commenced. It consists of nearly 7,000,0001b5. There are more than 4,500,0001b5. of Congou ; 380,0001b5. Hyson; and 930,0001b5. Twankay. There was a ♦ery numerous attendance of the trade, but not many buyers amongst them. The non-arrival of news from Canton leaves the trade in considerable perplexity. No great quantity was sold, and the kinds going were principally Con gous and Twankays. Prices were fully up to the previous market prices ; but about 3d. per lb. lower than those of the last public sale in December. COLONIAL MARKET. There was nothing done in Colonial produce by Public Sale, aud by private contract nothing important to the Market. THE QUEEN'S MARRIAGE. The following is the replLord Normanby to the memorial of the Coventry Ribbon Manufacturers to the Queen :—. " Whitehall, Dec. 27, 1839. " Six—l h ave t h e h onour to i nform you that, in com pliance with your request, I have laid before her Ma jesty the memorial of the ribbon manufacturers of Co ventry, which was enclosed in your letter of the 21st instant, and that her Majesty was pleased to receive their memorial very graciously. " Her Majesty has commanded me to assure you of leer earnest desire to promote the interests and welfare of her subjects, by encouraging the use of articles of British manufacture. " I am further •ommanded by her Majesty to request that specimens of the article► which tie memorialists arc anxious that her Majesty should patronise may be trans mitted to her Majesty ; and I request you to give direc tions to that effect. " I have the honour to be, Sir, " Your obedient servant, " NORNIANBY. " To the Mayor of Coventry." It was then resolved unanimously—" That this meet ing, feeling the most lively sentiment of loyalty and devotion towards their Sovereign, and cheered by the gracious reply of her Majesty to their humble memorial, as communicated by the Secretary of State, present their most grateful thanks to her Majesty for the gra cious manner in which she has been pleased to receive the said memorial, and the heartfelt satisfaction with which they learn that the prayer thereof has been corn plied with. The memoriaiists hail with the strongest feel ings of satisfaction the renewed assurance of her Majesty's earnest desire to promote the interests and welfare of her subjects by encouraging the use of articles of British manufacture." COURT CIRCULAR. Wmpsott, SUNDAT.—The Countess of tErroll, Lady Ida Hay, Lady Fanny Howard, Hon. Miss Paget, and Hon. Miss Anson, attended Divine Service this morn ing, i❑ St. George's Chapel. The same Ladies attended the Service in the evening, and also the Earl of Erroll, Lord Byron, and the Right Hon. George Stevens Byng. The Queen has not left the Castle to-day, neither did her Majesty take her usual airing in the Park yesterday. The Earl of Uxbridge is expected this evening at the Castle. Yesterday the Marquis and Marchioness of Nor manby, the Earl of Clarendon, Viscount Melbourne, and the Right Hon. Henry Labouchere, took their de parture from the Castle for town. The Earl of Albemarle went in the morning to the Stud-House at Hampton Court, returning in the even ing to join the Royal Circle in the Castle at dinner. The Royal Dinner Party, this evening, is expected to include her Royal Highness the Duchess of Kent, Earl and Countess of Erroll, Lady Ida Hay, Earl of Uxbridge, Countess of Chariemont, Lady Fanny Howard, Hon. Miss Pitt, Hon. Miss Paget, Baroness Lehzen, Lord Byron, Mr. Rich, Colonel Buckley, and the Hon. C. A. Murray. Prince Edward of Saxe Weimar arrived from the Hague in the Bitaviar steam-packet yesterday after noou. His Serene Highness landed shortly before two o'clock at the Custom-house, and immediately entered one of the carriages of her Majesty the Queen Dowager, which conveyod the Prince to Marlborough house. The Duke of Cambridge returned to his residence at Kew on Saturday morning. The Committee of the Privy Council •n Education had a meeting on Saturday afternoon at the Council office. The Lords present were Lord John Russell, the Chancellor of the Exchequer, Lord Monteagle, and Sir George Grey. Mr. John Wright had an interview with Lord J. Russell on Saturday at the Colonia Office. The French Ambassador had an interview on Satur day with Viscount Palmerston at the Foreign Office. We have to announce the death of Sir Watkin William Wynn. His decease makes a vacancy in the representation of the County of Denbigh, and in the office of Lord Lieutenant of Denbigh and Merionethshire. For the representation there may be a coiltest. The Queen's marriage will, we understand, take place about the middle of February. REPRESENTATI ON of FINSBURY.—That the Spectator, which has become a persecutor of the Whigs, should countenance the report that the Government means to shov e forward Mr, Tooke to contest the representation of Fi ns b ury, i n the case of a dissolution, is very natural ; but why the Chronicle should propagate such an absurd rumour, we do not understand. Th e M inistry have no liking for Mr. 'Tooke, and the two Members for Finsbury, who generally go with them, are too well seated to make it other than folly for the Ministry to think of opposing either. We are quite sure that they never had such an in tention, and least of all an intention of putting for ward Mr. Tooke to oppose either of the staunch Liberal Members for Finsbury. The Chronicle hak;',• we believe, been hoaxed by a foe. HINIR MAJESTY'S DEPARTURE FROM WlND soa.—i_ier Majesty will positively leave the Castle on Thursday :text, the 9th inst., for Buckingham Palace, and will cot o ...;nue there during the opening of Parlia ment, but will not attend on the occasion in person. The preliminaries of the Royal marriage being arranged, the Royal consort will be escorted to England by Lord Alired Paget, i n t;:e first week in February. The nuptials will be celobrate:l between the 4th and Bth of the month, and her Majesty, with Prince Albert, will arrive at the Castle the same evening, and remain there a week or ten days, and then return to town. Her Majesty and the Prince will continue to visit Windsor, occasionally through the London season, and on its close will take up their abode there permanently. — Windsor and Eton Journal. .;._. _ .~. 7 1`; DUBLIN, JAN. 4. ADDRESS TO THE QUEEN. The adjourned meeting of Mr. O'Connell's constituent; was held this day, to receive from the Committee the drafts of the Address to the Queen and the Petition to Parliament, which were suggested by Mr. O'Connell on Thuiday last. At three o'clock Mr. J. J. Murphy was called to the chair. Mr. O'CONNELL rose and said--Sir, I have got the draft of the Address to the Queen, which, I beg to oh scve, is principally my own composition.—( Cheers.) I expected that the other gentlemen who f. rmed the Corn rwitee would have prepared the Petition to Parliament, but they have not bone so. 1 do not, for a moment re proach those gentlemen with delay or neglect, for I be lieve such matters are usually ]eft to me while I am in town—a duty which they perform when lam away. With the permission of the meeting, I will read the draft of the taport.—Mr. O'Connell then read the following : " Trot ADDRESS ('F THE UNDERqIONED INHABITANTS Of THE PARISH OF , IN THE COUNTY OF " TO the Queen's Must Excellent Majesty, " The undersigned most respectfully, but with the greatest truth, assert, that none of your Majesty's subjects can exceed them in loyal end dutiful allegiance to your Majesty's person, throne, and government. " They are ready to brave every danger, and incur every possible peril of life and property in defence of the right ful prer , gatives of your Majesty's throne, and of the liber ties and privileges of the Prue people who have the happi ness to live under your Majesty's Government. " This, their dutiful allegiance, is not. self-interested or mercenary—it is founded on the purest and noblest prin ciples that can actuate the human mind, or regulate human action. We revere the ancient monarchy, in that throne of which your Maj,sty is now the uneoubtedly le gitimate possessor. We revere the ancient principles of hereditary right and popular representation which form the basis of that free Constitution, at onc,and the same time the ornament and security of the throne, and the protection and best guarantee of the liberties of your people. " Your Majesty's faithful subjects of Ireland have, in particular, the greatest reason to reverence and love you, government. They have found that since your happy ac cession to the throt.e of these realms, the spirit and conduct of the execution and administration of the law have been intended and calculated to promote genuine liberality and impartial justice towards and amongst the people of Ire land; no inviduous distinction is made between any of the clas,es, sects, or persuasions into which the faithful people of Ireland are divided; equality in the eye of the law, wail out which there cast be no justice, is conceded and guaran teed to all, and the evils of partiality, judicial corruption, and bigotted preference, which have discredited and dis graced the annals of former periods, are now unknown in practice, or are daily diminishing and disappearing through out the extent of our island. " We know that all these great and cherished advan tages are but the emanations of your Royal will and b, - nevolence. We feel deeply grateful to your Majesty fir the selection of the persons who administer the gover, - ment of this part of your kingdom; and we look with anxious solicitude to their continuance in office, not only as conducing to the tranquillity and prosperity of Ireland, but as preventing the infliction of the evils which would follow from public power being entrusted to the mei - 111)(1.s of the opposing party. " For, may it please your Majesty most graciously to understand that we have indisputable proofs that a great and powerful party exists, especially in England, adopting, as it were by succession, as well as by choice, principles and practices most inimical and hos tile to the Irish people—a party whose prominent leaders and auxiliaries exhibit the bitterness of gall in their public attacks upon the morals and the faith of the great and overwhelming majority of the Irish people—. a party that dis ; race the Constitution, by endeavouring to convert it into an instrument of ascendancy to the few, and of oppression and cegradation to the many—a party who sully the sacred name of religion, by making it an- ciliary to sordid and selfish purposes, and utterly disho nour Christianity, by mixing it up with the most bigotted, virulent. Ann malignant attacks upon your faithful people of Ireland. " We sill not venture to obtrude upon the Roy al ear the proof. of the existence of the fell spirit of tyranny and bigotry by which the party we allude to are actuated—it would be unbecoming to lay before your Nriajesty expres sions that disgrace men and dishonour Christians —but the forbearance which we are thus compelled to practice, serves to demonstrate the intensity of that bigotry and ma lignity which we do not detail, but of which we are sought to be made the victims and the slaves. " We are, may it please your Majesty, determined to resist, by all legal and constitutional means, the machina nations of the party we thus describe—but we look for our support and protection to the benevolence, the wisdom, and the patriotism, which have pre-eminently distinguished your Majesty amongst the Sovereigns who have filled the throne of England. " The Irish people could never before so confidently rely upon the just protection of the Sovereign, and we solemnly declare that their allegiance and devoted loyalty are commensurate with the deep and everlasting debt of gratitude which they owe personally to you—their un doubtel and beloved Monarch. ,‘ We most respectfully, but confidently, and at the same time with heartfelt satisfaction, refer to the conduct of the Irish people since your happy accession to the throne. Your Irish subjects, to the number of hundred upon hun dreds of thousands—nay, probably of millions, are distri buted in the various towns, cities, and localities of Eng land. We proudly refer to their peaceable and good conduct. " If others have tumultuously, seditiously, or traitorously violated the law, or assailed the institutions of the realm, your Irish subjects, resident in Great Britain, have been no parties to any such dangerous or illegal proceedings; and when we turn our eyes from the good conduct of the Irish resident in Great Britain, to the behaviour of your faithful subjects in Ireland, we, without incurring any charge of presumption, respectfully, but boldly, assert that Ireland was never so tranquil as it has been during your reign, and still continues. That the civil power was never more efficacious, nor the interposition of military force so unnecessary as at present. The number of your Majesty's troops has been diminished in Ireland by about one-half, and the military exigencies of other parts of the empire have been more abundantly supplied by reason of the dutiful conduct of the Irish people. " We are, however, compelled by the force of truth to avow that we consider this, the dutiful conduct of your Irish people, enhanced in merit and more de serving of praise inasmuch as that pe o pl e are st ill su bj ect to many grievances, inflictions, and oppressions, to an ex tent which might make even wise men mad. They are most unjustly deprived of equal rights and fran chises with the British people. The Corporations of England and Scotland have been reformed —while the more profligate Corporations of Ireland continue ttili in all their previous depravity. " The elective franchise, the most precious of all, which is extended to various classes in England, is more restricted and limited in Ireland—and the amount of property necessary to give that franchise is considerably greater in Ireland—alas, the poorer country—than it is in England, beyond comparison the wealthier of the two; and the modes of asserting that franchise arc infinitely more troublesome, expensive, and vexatious in Irela d, than in any other part of your Majesty's dominions; in short, we are prevented from amalgamatit g into one na tion by the gross injustice inflicted upon Ireland. " We refrain from:harrowing the humane feelings of your Majesty by any further details—we have said enough to bespeak your sympathy, to excite your regret for the past, and to ensure your Royal support and countenance for the future. We most respectfully, humbly, and dutifully implore your Majesty to continue to us that countenance and sup. port, and to exclude, at all times, from your councils, the professed and practical enemies of your Irish people. " Give no encouragement to those who insult the feel ings, tarnish the creed, and would pollute the altars of one of the most numerous as well as the most loyal and faithful classes of your Majesty's subjects. " We respectfully submit, that there is neither wis dom' nor humanity, nor Christian charity, in a party that seeks to irritate and provoke, as well as to op press and insult, millions of their fellow-subjects, and fellow-Christians—that the promoters of these bad passions and practices are unsafe councillors, and dangerous advisers—and, above all, that those who seek to obtain preferment and promotion by hostility to any por tion of your Majesty's subjects, necessarily tend to weaken the stability of the throne, and to destroy all the materials for the comfort and happiness of your people. " May it therefore please your Majesty graciously to continue your Royal patronage and protection to your faith ful people of Ireland, and for ever to exclude the malignant and bigoted enemies of that people from participating in the councils of the Sovereign, or the Power of the State. " And your supplicants will ever pray." The reading of the Address was received with great applause. Mr. O'CorotLe then addressed his constituents at con siderable length, chiefly on the subject of the adverse por tion of the press, The conductors of the Times were again denounced by name; and the Standard, with the Morning Post, were included ;in the same condemnatory category. Mr. O'Connell concluded a spirited address, by moving an adjournment to Tuesday next, when the address to the Queen would be finally aranged, and a petition prepared to the House of Commons—he would not think of petitioning the House of Lords as at present constituted. He would request a meeting of his constituents at the Adelphi on that day, when those gentlemen who agreed with him on the present aspect of affairs, would, he hoped, come forward asid lend their assistance. The Trades' Union had undertaken to have everything in readiness. Adjournment passed, Mr. O'CoNrisee next moved that the present Com mittee be appointed to act as a Committee of Corre spondence, for the purpose of torwarding communications, and procuring signatures to petitions from all parts of the eountry.—Passed unanimously. The Chairman having left the chair, Mr. O'CONNELL then moved the marked thanks of the meeting to the Chairman, the talented, able, and indefa tigable solicitor to the city of Dublin registry, to whose great exertions the Liberals were mainly indebted for their success on the late registry.—Passca amidst general applause. The meeting then adjourned. Viscount Grimston n 's ex m t ar -T— rtage with Lady Lou:3a oß month. Craven will take place SOUTH r . CHESHIRE.-- REPRESENTATION A numerous meeting of .t,liewhpoo political friends of George u generallyd last, at the t I h e e - Wilbraham, Esq., tive on committees, was held on hadr resolution place,wassde etroa respectal d ope supporttae,rdos adopted, A to o k whenever ote a l, g i:i n t e l r i a il c e i l t e y c . tion Mr. Wilbraham, who has, during entitled himself to the confidencean time," the constituency. "At the sa methe tl resolu. tionists say, "we cannot avoid deprecatig prema ture disturbance of the county, when no imme'deiate die. solution is in prospect."—Chester Chronicle. "ON I'`, 7 " 31 kIZE and CI TY NEW S• (SATURDAY EVENING.) TIMES.—The same causes as those adverted to yes terday are in operation in the Money Market. Securities of all kinds are rising, and speculators become still more eager and confident of a further advance. The more cautious and sagacious men look on, persauded that this is a false exitement, which cannot last. The plan recently proposed for consolidating all the American State tocks into one national debt, at the charge of the general Government, appears to be engaging a good deal of attention in the United States, where it seems by no means to be viewed with favour either by the Government or a considerable portion of the press. The New York Evening Post contains some severe comments upo❑ it, as well as articles extracted from other papers, in which it is denounced in no measured terms. Thus the Charleston Mercury, a paper of some note, and supposed to speak the senti ments of Mr. Calhoun a leading member of the Senate, characterises it as a proposal so extrava gantly impudent, so utterly unprincipled," that it could scarcely be believed to be made in earnest, It is said to be got up to " please the English Stock-jobbers," the effect of which would be to '• abolish the Federal Con- stitution, and saddle the Union all at once with the blessing of a national debt." Nor is it with reference only to the existing amount of state debts that the pro ject is condemned, but it is observed that, once enter tained, it would lead to and justify the endless creation of more debt under the same pretext of " state internal improvements," in the making or meddling with which Congress is p r ohibit e d a ll act i on b y the Constitution. Nor does the injustice escape animadversion of pledging the property of the " sound States" to pay the debts of the " bankrupt States." The Southern States are more particularly appealed to against it on the ground that the consequence must be that they, the " plantation States," would be saddled with a perpetual tax in the shape of a high tariff to pay the interest." There can be little question but that such must be the result of any adoption of the State debts by the Union, for it is well known that the States in their federal capacity would never consent to direct taxation, and that the funds for payment of interest on debt must therefore be raised, if at all, out of customs duties, as all other charges of the Government are. Should these be inadequate to meet the increased burden of some 10 ; 000,000 or 11,000,000 dollars a year for interest on debt, there would remain no resource but in a levy of higher rates of duty upon imports, and thus that excessive tariff would come to be re-stablished, against which South Ca rolina, with other Southern States in the back ground, rose in rebellion some few years since, and pronounced, in preference to submission, for the " nullification" of the Union. The Eastern States will be found perhaps to support any scheme by which higher tariffs might be promoted, as heretofore, and in that case a conflict of interests and passions may be renewed which no wise Government would willingly provoke. It is re marked by the Charleston paper, that the " deeply indebted and bankrupt State Governments, fearing to tax their people by direct taxation" themselves, en tertain no scruple about taxing the whole Union for their own separate objects. No " state rights politi cian," it is said, " ought to consent to discuss the expe diency of a scheme which carries its conviction of trea son to the Constitution on its very face." It may be concluded, therefore, from these and other demonstra tions of hostility more violent still, that the chance is very small indeed for the consolidation of American State debts proposed, however advantageous to the holders of those securities in this country might be the additional guarantee created by such an amalgamation of the whole good, doubtful, and bad, taken to account and provided for at the charge of the general Govern ment. It seems more than probable, that any action in that sense by Congress on the Executive would lead to a disruption of the Union. So far as the Government, however, is concerned, if an opinion may be formed from the tone of the pross connected with it, there is not the slightest appearance of any intention to entertaM the measure, but, on the contrary, that, from whatever quar ter advocated, it will be strenuously resisted. Some details are given of the origin of this scheme, which according to the Evening Post, was first " pro posed by some Englishmen concerned in State Stocks, and naturally anxious that they should not suffer a de preciation." It was taken up, it is said, by a " set of Whig stock-jobbers and speculators" in the United States, who " engaged to negotiate for it with the political leaders." Some " confidential friends" of the President, Mr. Van Buren, were applied to in its fa vour, and the plan was held out as one which would " produce immense good, # * immortalize his ad ministratiou, carry his name down to posterity with im perish,ible glory, and (more than all) secure his next election by a certain and vast majority.' These induce ments, however, appear to have been thrown away upon the President. The great advocate obtained, and pre paring to bring it before Congress, it is declared, will be Mr. Clay. POST.—A Manchester circular received in town this morning represents the state of trade in that part of the kingdom as having, during the week just ended, shown symptoms of improvement. A demand had sud denly sprung up both for manuia - cruied goods and for yarns, and this in face of the decline in the value of cotton wool which has recently occurred at Liverpool. The relaxation on the part of the banking interest at the latter place, in their charge for accommodation, has in all probability done much to produce this more favourable appearance of our markets for the manu factured article. When British goods can be made to supply the place of gold on the Continent, and the bullion coffers of the Bank of England are at once more adequately replenished, the restrictive policy of the directors may be safely suspended, but not till then, however great may prove the clamour of the money jobbers and others, whose harvest is to be made only during periods of wild, ex travagant speculation, and this curse never fails to come upon the country on the removal of what is called the " screw." The Directors will have to be more circum spect just now than ever. Their position is unparal leled in point of difficulty, so many causes conspiring at the present moment to render it probable that advantage will be taken, upon the first occasion, of the increased facilities afforded by them for renewed exports of the precious metals. It is easy to perceive that the fbreign loan contractors have been some time on the watch for an opportunity of introducing fresh creations of bonds into the English market. America, Holland, Spain, Portugal, and Brazil are all impatient to bor row further. Funds to a large amount are likewise needed for the prosecution of our domestic under takings, such as new banks and railways, and, beyond all this, there is every prospect of large operations in foreign grain being again ventured upon two or three months hence. The absorption of capital in any shape includes a drain for specie, not even except. ing that which arises from an extension of the home trade, and the Bank Directors know at length too well, from experience, how much the evils of an adverse state of the exchanges are promoted by the irresponsible issuers of paper money in various parts of the kingdom. The lesson of the past year has not, we may be well assured, been without its uses. Not only have the banking interest and our merchants been instructed by it, bu . even our legislators must begin to perceive the mischief they have done by dividing the power of the Bank of England with a number of other banks, each of which seeks, and perhaps, very naturally too, to supplant the private banks of his district by the liberality of his issues at a time of general pressure. The Directors of the Bank of England may, or they may not, be induced by the partial revival of trade to diminish their rate of interest before long, but there can be little chance of their in creasing the circulation until they see their way more clearly. Consols have advanced per cent. on yester day's quotations, and the markets generally were upon the rise. This may, to a great extent, be in anticipa tion of the payment of the dividends about to commence at the re-opening of the transfer-books, which is now near at hand. CHRONICLE.—A very general impression is again entertained that the Bank Directors are about to adopt measures with the view of relaxing the pressure on the Money Market, and that they will, accordingly, speeeily notify a reduction in the rate of discounts to 5 per cent. This report is believed in well-informed quarters ; but in the present backward state of the seed-time, and taking into consideration the effect which that, coupled with the scarcity of sound wheat of last crop, may pro duce, and the large fleet at Odessa waiting for corn for this country, there do cot appear sufficient grounds as yet to induce the manufacturing interest to depend upon such an occurrence, although it is understood that a strong feeling in favour of the step is held by several mem bers of the Board of Direction. The expectation of it, in the mean time,has had a favourable effect upon the English fends, Consols having advanced to 92i buyers, although for limited business. The forthcoming dividends, also, have caused money to be offered more easily, and will tend to give confidence to the capitalists, and to make the ❑ew year open with rather more auspicious hopes than those which attended the expiry of the year 1839. Exchequer Bills continue creeping up, and are quoted at Ito 3 premium—a price, however, which still affords a wide margin for further advance, when we reflect that, about twelve months since, this description of Govern ment Securities stood at upwards of 70 premium. As they are available for duties in March next, the Chancel lor of the Exchequer must do something to raise the interest on them, otherwise they will be paid in to an inconvenient amount ; and as they afford a safe invest ment to that class of monied men usually denominated " timid capitalists," they will thus be much sought after, and probably continue to rise in price. The importance which the public now attach to the state of the Money Market, and the deep interest which is universally felt in regard to the future policy of the Bank of England upon the management of the currency, have caused these matters to become the ab sorbing topics of discussion in the City. The pamphlet of Mr. J9nes Loyd, noticed in the leading article of the Chronicle to-day, and the sentiments there expressed, seem to receive very general approbation. Consider. able weight must always attach to the opinions of a TIM SUN, LONDON, MONDAY, JANUARY 6.1840 gentlema n who ranks so high in the City as a great capitalist, thoroughly acquainted, theoretically and practically, with the subject of currency. HERALD.—The state of the Money Market is beginning to command a very considerable degree of attention, in consequence of its becoming much more easy than is usually the case at this season of the year, as we have observed before. However, this has been fully anticipated by parties who understood the working of our mercantile and monetary institutions. This state of things has, most unfortunately, given an undue value to every speculative scheme that has lain dormant whilst the Money Market was tight ; it has, in fact, re vived the mania tbr dealing in speculative schemes, which mania had subsided while money could only , be obtained for the legitimate purposes of commerce, at a high rate of interest. Where all this will end it would be difficult to predict; but come the end when it may, of course, the Bank of England will come in for its full share of obloquy from every class of free-traders and speculators. Day by day the Bank Direction has been the subject of indiscriminate abuse for adopting the course in which it still perse veres ; whilst, to crown all, the Manchester Chamber of Commerce charges it with being almost the ruin of the country through its monopoly ; forgetting, on the one hand, how all the mercantile and monetary opera tions of the country have been for years, and still are, fettered by the baneful influence of our currency sys tem ; whilst, on the other band, the commercial and monetary transactions with the United States present but a very poor appearance for the past year. Under such circumstances the Bank Direction could not well have adopted a better course; and it appears to have obtained the approbation of practical parties, for cer tainly it has restrained much undue hazardous specu lation. The easiness of the Money Market, and its action upon the British Funds, appear to have given to the Peninsular and Transatlantic Bonds a fresh title for speculation, and to have authorised every fanatic who has credit, or can raise the wind, to aid the jobbers in forcing up these worthless bonds in the market. The mania for gambling in Railway Shares increases by the hour, and every project that exhibits the most remote signs of vitality is now brought forward as a ‘• little-go," for the poverty-stricken and ruined specula tors who can no longer venture to job in the heavier concerns. Thus, much misery is about to be created, under a false impression that the Money Market will remain unrelaxed long enough to convert the Railway Share Market into a temporary Eldorado. Great West ern Railway Shares have advanced to 21 dis., Brighton have advanced to 12 dis., and Blackwall are l dis. Birmingham have advanced from 31. to 4/. per share, being now quoted at 59 a GO prem. Croydon Trunk are 3/. 18s. 6d. dis. Manchester and Leeds are 9- prem. North Midland arc 9 die., and York and North Midland 10 prem. Colonial Bank Shares are 7i a 8 prem. AMERICAN SECURITIES AND PROJECTED IMPROVEMENTS. (From the Gateshead Observer.) We trust that with the year 1840 a brighter period than that to which we have been some time accustomed, is destined to dawn on the trading and manufacturing interests of this country. Indeed, in the midst of the gloom and despondency which are now brooding over the great seats of national industry, we think we can perceive some indications of improvement. The foroign exchanges, though still adverse, have lately exhibited signs of amendment ; and the Bank of England, daily gathering strength, seems disposed to relieve the pres sure in the money market, by diminishing, ere long, the rate of discount. The accounts, too, from the United States, by far the most important of all our customers, fill us with hope and expectation, We have observed with regret the violent spirit of hostility which animates the Times newspaper in re gurd to the financial affairs of the United States—a spirit the more to be deprecated because that journal justly enjoys the general reputation of superior know ledge and information on the difficult and perplexed questions of the money market. That the imputations in which the Times has so indiscriminately indulged against the soundnsss of American securities are un founded, will be obvious to any man who has applied his attention to the subject. A pamphlet which has reached us from London during the week, called " A Letter on the Commercial Relations of Great Britain with the United States, by:a Citizen of New York," places in a very strong point of view, not only the in creasing ability of the different States to discharge their obligations (a point which the Times had called in question), but the stern and unflinching spirit with which they have always addressed themselves to an honourable maintenance of their credit ? What, then, is to be gained by these loose and irritating charges ? The political and commercial union between Great Britain and America is of such national and obvious importance, that its interruption, for any tempor.iry or partial ends, would be an act of monstrous and criminal absurdity. Every dollar of value, sent by Great Britain to America, is the parent of new wants and new desires, to be again supplied by the products of our industry ; and thus the furthest outposts of emigration are linked to the heart of European civilization, by invisible, but the most enduring bends. There is net a hamlet on the banks of the Mississippi where the English tra veller does not find the hardware and cutlery of his own country in common use ; and it is by the demands which have sprung up generally along the western shores of the Atlantic, that millions of our people are main tained. In the City article of the Times, of Dec. 27, we remarked some comments on a loan contracted by Messrs. Wright and Co., of London, with the State of Illinois, dictated by the unfair and splenetic disposition to which we have just alluded. (By the way there is a mistake here—the loan was not contracted" by Messrs. Wright and Co., it was entrusted to them for sale.) The object of this loan is to effect a commu nication between Canada and the Gulf of Mexico— an undertaking which, when completed, will open the whole country of the Illinois—(perhaps the most favoured by soil, climate, and other natural advantages of all the States in the American Union)—to the freest intercourse of European commerce. Such a work is not only . calculated to au gmen t i n d e fi n i te l y t h e pros perity of the Illinois, but is also a pledge of the ag grandisement of our trade, and of a good understanding between the two nations. If, as is generally expected, the proceeds of the sales of waste land in every separate State of America are to be constituted, by an Act of Congress, a guarantee for the public debts contracted by that State, there can be little question about the security of the loan, which is to bear interest at the rate of 6 per cont. SPIRIT of the PUBLIC JOURNALS FROM THE MORNING PAPERS OF THIS DAY. (From the Morning Chronicle.) We this day publish the Quarterly Revenus Ac counts, which, as might be expected, exhibit a failing off in the produce of the taxes on consumption. On the year ended sth January, 1840, as compared with the year ended sth January, 1839, there is an increase of 824,3951. ; but on the quarter ended sth January, 1840, as compared with the quarter ended sth January, 1839, there is a decrease of 342,2451. On the Stamps alone there is an increase ; it amounts to 65,9381. On the Customs, there is a decrease of 75,0831. On the Excise the decrease is 199,9191. On the Post the de crease is 14,0001. From the distress experienced through a great pert of the country, a falling off, in the Excise more particularly, was generally anticipated. We are sorry to say the proceedings at the Anti- Corn-law meeting at Sheffield, on Thursday last, by no means correspond with the inference we drew from the statements in the Address from the working men of that town as to the abandonment of Chartism. It had bean arranged that the meeting for the repeal of the Corn-laws was to be held in the Circus ; but the Chartists broke open the Circus, and drove the advo cates for repeal to Paradise-square, where their petition was passed unanimously by six thousand people. The Chartists, on the other hand, « era at the sable time passing resolutions respecting univer sal suffrage, Bzcin the place of w hi c h t h ey h i) d obtained possession. Not satisfied, h owever , w i t h the advantage they had gained in the Circus, they determined to try their strength also in Paradise square, and with all the additional strength they could muster they bore down on that meeting. Before the close of the proceedings in this new arena, the whole number of persons assembled are said to have been at least 12,000. The Chartists would not for some time suffer either Mr. Ward or Mr. Parker to be heard ; but at length Mr. Ward succeeded in obtaining a hearing. The moving a vote of thanks to the Requi sitionists, by Mr. Ebenezer Elliot, was the signal fur a tremendous uproar on the part of the Chartists, which only ceased on the earnest remonstrance of Mr. Gill, the late delegate from Sheffield to the Convention, who pledged himself to reply to Mr. Ward. Mr. Ward did not spare the Chartists, and used the argum en l um a d Imminent to Mr. Gill with happy effect. Alluding to the charge brought against him by Mr. Gill, th at h e wished to retain some property qualifications, he ob- served— " If he required any excuse for this, he should find it in the conduct of Mr. Gill himself and his colleagues in the National Convention, whose speeches and motions had done much during the last twelve months to convince all thinking men of the impossibility, in the present state of this country, of trusting uneducated numbers with abso lute power. They had thrown back the franchise question immensely, by the constant use of words, which they did not understand themselves, and could explain to nobody else. Mr. Gill had just done this himself. What did he mean by an equitable distribution' of national wealth ? Was property to be sacred or not? He (Mr. Gill) wore a much better coat and hat than many of those around him. Did he mean that would lie an equitable distribution' if another man were to take them off his back ?" Mr. Gillw;sWidently notir . irepared part with his own property, however well disposed to share that of others, and to this appeal he answered, " No, I work e d for what I wear , an d t h e y are mine." " Exactly so," retorted Mr. Ward, " but somebody has worked somewhere, and at some time, for everything that everybody has, and by what right can you take it away? And, if you do not take it away, how are the masses to get a larger share of the national wealth? You mean, therefore, a scramble, or nothing at all ; and I mean the perfect security of the fruits of labour to every indus trious man. Rich or poor, all have the same interest in it. Property is the first step from the savage to the ci vilized state. Ihe abuses of property are a very different thing, and those, in the case of the Corn-laws, I am ready to remove." They who wish an equal distribution of property can offer no reason against another distribution when it shall be called for ; and it will not do to answer, like Mr. Gill, that he had worked for his clothes, if other men without clothes wish to share with him. When the resolution for thanking the Requisitionists was put to the vote, the numbers were so nearly equal, there being about six thousand, for, and six thousand against it, that it became impossible to decide on which side was the majority. Some slight disturb ance took place when Mr. Ward and his friends mixed with the crowd, and one of them, Mr. Wilkinson, re ceived a severe blow ; but the working men were evi dently ashamed of the outrage, and escorted the party home. At Leeds, on the preceding Tuesday, the Chartists cut but a very poor figure in point of num bers ; not above 100 hands having been held up for the amendment— " That this meeting is of opinion that the present in famous and diabolical Corn-laws will never be repealed by the present corrupt House of Commons ; and this meeting is also of opinion that the repeal of the Corn laws, with the present expenditure and taxation of the country, instead of being a good, would be a positive evil; and this meeting is further convinced that the present Corn-laws never will be repealed until Universal Suffrage becomes the law of the land.—( Cheers and hisses.)" In the Leeds Mercury of Saturday the proceedings of the meeting in question are reported at great length. In point of reasoning, the speeches of ~the Chartists arc contemptible ; but th e y are i mportant as indicating the very bad feeling entertained by the working men to wards their employers. If the Tories plume themselves on their dexterity in arraying the workmen against the masters, by representi ng th at t h e repea l of the Corn laws is only for the interest of the masters, all we can say is, that we are mistaken if they do not purchase this advantage at too high a price. The following ex tract from the speech of David Black, who moved the amendment at Leeds, will serve to show the Chartist spirit in the town selected by Mr. Feargus O'Connor for his head quarters : " Did you ever know the money-mongering merchants and manufacturers declare for a law which was not for their own individual interest?—(Cries of " Hear, hear," and " Question, question.") I tell you that until you can turn the introduction of foreign grain into its proper course —that is, into your stomachs—the whole affair is a piece of humbug ; and I caution you not to be taken in by the men who have always deceived you.—( Cries of " We want to turn corn into your stomachs, and you won't have it," followed by " No, no," and much laughter.) Are we not famed, far and near. for our skill and industry as a nation, the fruits of which are torn frcm us by the oppres sive hand of tyranny and misrule, in order that others may enjoy those fruits in extravagance and idleness?—(" Ques tion, question.") Do we not see this, whilst thousands of working men and their families are destitute of the bare necessaries of life ?—( Hear, hear.) Universal suffrage is the only remedy, and without it all your efforts are in vain. —( Cheers and hisses.) You should direct all your ener gies to the attainment of that object.—(No, no.) What matters it to us whether the tyrants put a tax on bread or on anything else, so that their object is to strip the working man of comfort and independence ?--.( Question, question.) I say that a man who does this is worse than a traitor, and ought to be dealt with as such."—(" Come down wi' thee.") Thc; Anti-Corn-law speech of Mr. George Dawson has naturally directed attention to Sir Robert Peel. On referring to the speech of the Right Honourable Baronet in 1827, when he supported Mr. Charles Grant's resolutions, we find him quite opposed to a re strictive system like the present : " An Honourable Gentleman," he said, " had compli mented him upon having introduced the measure which established the currency on its present footing ; but let them not now adopt a measure, which would bring back upon the country a return of those evils which a different system had brought upon them, and which he now hoped and trusted were nearly overcome. He was sure the House would join him in opposing any measure calculated to produce a recurrence of those evils, and therefore he relied upen their- rejection of the plans recommended to them from'othercfnarters. Aft er stat i ng it to be his opi nion, that the mischiefs likely to arise to the agriculturists frorri the proposed alterations were enormously overrated, the Right Honourable Gentleman proceeded to contend that the Honourable Member for Essex was mistaken in stating that the measure then before the House was an ex periment in legislation hitherto unheard of. It was no such thinff; ache would show by a short historic refer. ence. From the Revolution to the year 1774, there had ben an absolute prohibition of foreign corn ; whilst from 1774 to 1815, there had been leave to import it on the payment of certain protecting duties. Now he would show, from what had occurred within these two periods, that there was no greater fallacy than to suppose that the importation of corn was fatal to agriculture." (From the Times.) The return of the revenue, which we publish to-lay, presents very few points for observation. There is no thing in it at wbich the country may rejoice as an in dication of that progress which it ought to make, but there is no syrnpton, on• the other hand, which should make us despond. As regards the annual account, on which there is a declared increase of 824,0001., it is to be observed that this sum, added to the increase on the year ending January 5, 1839, which was 1,075,0001., as nearly as possible makes up the deficiency of 1,900,0001., which appeared in the account for the year ending January 5, 1338, showing that two years have been required to overcome the effects of the crisis of 1837, which two years have brought us, be it observed; into the middle of another crisis. Such are the capricious and fatal changes to which the first commercial country' in the world is exposed under the operation of an ill-regulated currency ! In the quarterly return some reaction is apparent, the result probably of that new crisis. The decrease in the quarter ending January 5, 1840, compared with the corresponding quarter of 1839, is 342,0001., by the Chancellor of the Exchequer's table, but not so great by more than 100,0001., if the comparison is limited, as it . . . ought to be, to the items of revenue in that now an nexed, which carries the comparison two years further back : JANUARY RETURN FOR 1837. Is3B. 1839. 1840. -- --- X. Customs 4,089,938 4,b23,278 4,854,388 4,779,305 Excise 3,803,764 3,590,864 3,627,190 3,427,271 Stamps 1,573,529 1,544,400 1,521,123 1,587.061 Taxes Host-office 349,000 376,000 365,000 351,000 ---- -- 11,390,891 11,613,570 j 11,954,390 11,729.336 All the old deceptions in the revenue returns, of " Crown lands," " inaprest monies," and " repayment of advances," which have been so frequently exposed, as juggling expedients to create, so far as they went, a false notion of prosperity, are now at an end, and even figure to the disadvantage of the present account. This will be at once evident from the inspection of the above table and the return from the Treasury. The real deficiency in the January quarter of 1840, compared with 1839, is 225,000/. Of this nearly 200,000/. is in the Excise, and, as an index to the condition of the country, on its nternal consumption, this is certainly the worst feature of the present return. Altogether, it gives us a chil ling sensation, as would the prospect of a country asleep and torpid which ought to be all life and activity. Income is one thing, expenditure another. To the latter it is not the object of the Treasury in this return to afford any clue. The solitary item which bears upon it is that of the deficiency bills, " the pro bable amount of the Exchequer Bills required to meet the charge - on the Consolidated Fund," which explains the state of the account between the Treasury and the Bank of England. The case of the Government does not differ from that of the private merchant, whose si tuation may be judged of from the degree in which he anticipates his coming resources by requiring advances from his banker. In this respect the Treasury is worse off by about 770,000/. than at this period of last year, this item being now 6,450,0001. against 500,000/. in January, 1839. The steadiness of the items of per manent debt" and " terminable annuities," in the Conso lidated Fund account, should not pass without notice. The increase which appears in the former must be set down to the late funding of Exchequer Bills ; from the small addition of about 1,8001. to the terminable annui ties, it may be inferred that all conversions of the kind from stock have been nearly at a stand for the last 12 months. (From the Morning Advertiser.) We present to our readers elsewhere the regular quarterly account of the income and expenditure of the country during the last year and quarter. Upon the year there is a gratifying increase of nearly a million sterling, and upon the quarter a decrease of something more than 300,0001. We scarcely expected the former ; for the year, take it altogether, has been one of great commercial difficulty ; while, with regard to the latter, the amount of deficiency is infinitely less than could have been anticipated ; yet we should not wonder that the Tories, resting the gullibility of the public . upon the quarterly deficiency in the revenue , which is attributable only to the State relations between this and other coun tries, will say that the country is go ing to ruin T. Nous verrons. We have always said that the greatest enemies of the Church are those who minister at her altar. Dis senters have done something, and will probably do some thing more, towards the desirable consummation of her downfall ; but without doubt the grand age n t s a f ter a l l in the holy work of labouring for her overthow are the clergy themselves. They are the m en f or d ea li ng her out " heavy blows and grea t d i scourage:nents ;" she staggers under every successive stroke th ey give her. Puseyism broached and fostered in her leading Univer sity, and thence propagated throughout the length and breadth of the land, has already well-nigh l a id her pernicious scheme o f theology prostrate , but, as if that were not doing the work of destruction with sufficient expedition, her clergy come forward to give it a helping hand, by pursuing precisely that line of political conduct which they know must render her peculiarly obnoxious to the community. When-- ever a Tory dinner is to take place, and her Majesty is to be outraged and insulted by indecent language on the part of the speakers, there the clergy are sure to muster in great numbers, and to applaud with all the vehemence their physical capabilities will admit of, the most treasonable and disgusting epithets which may chance to be applied to her. The more treasonable and disgusting, the louder are their plaudits. Bradshaw of Canterbury, Roby of Manchester, and all the kindred Tory spirits, are special favourites with the Rev. Gentlemen who fill the pulpits of the Established Church, Were Demosthenes himself to arise from the dead, and to deliver an oration in the hearing of the English clergy, far surpassing in eloquence of diction anything which he ever addressed to the Athenians, th e y (the clergy) would set his oration down as immeasurably inferior to the oratorical performances, duly seasoned with indecencies against the person of the Queen, of such personages as the Bradshaws, the Robys, the Greggs, and the M'Nieles, whose atrocities they so warmly ap plauded of late. The course which the Conservative par sons have recently pursued, in reference to the Sovereign, has done a world of mischief to the Church. How is it possible that the virtuous or right-minded people of this country can respect a Church which nourishei in her bosom a body of men, who can thus trample alike on all the decencies of life and the precepts of a religion which enjoins obedience to, and veneration for the powers that be, on the ground that such powers are ordained of God ? And, so far from such conduct being discountenanced and condemned by the heads of the Church, as persons might reasonably have expected it would be, it seems to meet with special approbation in the very highest ecclesiastical quarter in the land. Will it be believed, that Doctor Molesworth, the Tory parson who was present at the Canterbury dinner at which Bradshaw applied his abominable epithets to the Queen, and threw out his atrocious insinuations against her, and who not only heard the filthy language of that man without disapprobation, but is said to have been among the most prominent in greeting that language with plau dits , will it be believed that this Conservative parson has just been promoted by the Archbishop of Canter bury to a living supposed to be worth about 2,000/. a year ? Incredulous as it may appear, such is the fact. We shall allow our readers to meditate on this indecent promotion for a day or two, and then we shall have a few mare observations to make on the subject. (From the Morning Post.) We present our readers with the usual comparative quarterly statement of the produce of the public revenue for the years and quarters which terminated on Satur day. It will be seen that in the whole year 1839, as compared with 1838, the income of the State has in• creased by the sum of 824,393/., of which 134,721/. arises from the accidental source of repayments of ad vances, leaving the clear increase under the ordinary heads of revenue, 689,6721. The Customs have yielded in the year an increase of no less than 685,484/., a considerable part of which may be acceunted for, we presume, by the extraordinary importation of foreign corn. The increase of the year under the head of Excise is 88,138/., of Taxes 58,976/., and of Miscellaneous Receipts 5,906/. ; while a de crease is found under the heads of Stamps of 38,466/., of Post-office 6,0001., and of Crown Lands 10,000/. The increase of receipts in the first three quarters of the year 1839, as compared with the correspond ing period of the year 1838, must have been much larger than is indicated by the above figures ; for when we refer to that division of the official tables which is appropriated to the last quarter of the two years respec tively, we find an absolute diminution of 342,2451., or, deducting the :ecrease under the two heads of acciden tal income (Imprest and other Moneys, 83,0681., and Repayments of Advances, 16,8261), a decrease of ordi nary revenue amounting to 242,351/. The comparison thus presented between the three first quarters of the year 1839 and its last quarter, shows a declension of extraordinary suddenness and rapidity in the na tional resources, which, although it may in part be accounted for by well-known circumstances, is cal culated to excite %cry serious apprehensions for the future. The only head of revenue which pre sents an increase in the quarter is that of Stamps, 65,938/. ; while the Customs have declined 75,083/. ; the Excise, 199,919/. ; the Taxes, 1.990/. ; the Post office, 14,0001. ; and, the Miscellaneous items, 17,2971. It will generally, we think, be admitted that the offi cial statement now before us is little adapted to sustain the intrepidity or vindicate the prudence of those Mini store who have dared to eng age in a hasardous experi ment upon one considerable branch of the public reve nue, not merely at the tisk, but with the strongest pro bability of destroying, a source of income which has heretofore yielded upwards of a million and a half an nually, and in a manner so gentle and so genial that it was never regarded as a tax. It will be seen that the single month's trial of the reduced postage, at the un form rate of 4d. for half an ounce, has occasioned a loss to the revenue of fourteen thousand pounds. (From the Morning Herald.) The quarterly tables of the revenue, published on Saturday night, present the following returns :—On the net produce of the revenue for the year ending sth January, 1840, there is an increase of 824,3951. ; the total income of the year ending sth January, 1839, having been 44,176,0141., while that for the present year amounts to 45,000,409/. The last quarter, hoe ever, exhibits a deficiency of 342,245/.—a most dispro portionate falling off. In the comparative table of the income for the corresponding quarters ending 51 - h January, 1839 and 1840, we find the following items : Customs, an increase of £55,587 Excise, a decrease of Stamps, an increase of Taxes, a decrease of 1,990 Post-office, a decrease of Miscellaneous, decrease 17,297 Inprest and other moneys, decrease Repayment of advances, decrease 16,826 making on the whole, in comparing the quarters' income of the two years, a decrease of 213,3441. It will be observed that a material feature of this decrease arises from the falling-off in the Post-office receipts, which is stated in the table at only 14,000/. It must, however, be remembered that this deficiency has occurred within the space of 23 days, and, therefore, the loss upon the month being calculated at about a fourth more, would make the real monthly deficiency 17,500/., or upon the whole quarter 52,500/. We shall rejoice to find that the penny panacea is likely to remedy this result of Whig finance. Teetotalism appears to have had a good deal to do with the chief item of decrease, that on the receipts of the Excise ; the difference amounting to no less than 200,789/. The diminution of drunkenness in Ireland is undoubtedly a benefit conferred by Father Mathew, though achieved at the expense of the revenue. But did the O'Connell Cabinet, who are his theologico-poli tical allies, anticipate this ? FROM THE xVENING PAPERS OP SATURDAY. (From the Globe.) The darkest hour of the night, they say, is that which precedes the dawn ; let us hope that it may prove so now, and that the present period of severe distress may be the means of bringing about a repeal of the unjust and oppressive restrictions which hang like a millstone about the neck of British industry. The commercial history of the -last twelvemonth, calamitous as it has been, has perhaps prepared the way for a better state of things, by affording on every point a complete practical refutation to the arguments urged in support of the present system of Corn-lave s. The favourite fallacy—in fact, we may say, the one great fallacy—by which the advocates of mono poly have sought to blind the people of England to their true interests, has been this :—Cheap corn, they say, makes low wages ; low wages diminish the means of the labourer to consume manufactured articles ; and thus by the repeal of the Corn-laws you ruin your home, which is your best trade, for the sake of supplying America and India with cottons and calicoes. Talk of the danger of foreign competition, of manu factures abroad forced into existence by our restrictive system, and competing with us in every market of the world, and the answer is, Let us stick to the home trade. Tell them of the hundreds of thousands of human beings who depend for their daily bread upon our export trade, and who are literally star v i ng because we deny them the poor man's sacred ri g ht to exchange the products of his industry in the best market, and still the same cuckoo note of " the h ome . trade" is raised in reply. How, then, it can b e esta blished on the clear indisputable basis o f stat i st i ca l facts, that the " home trade is precisely th e t ra d e w hi c h has suffered most severely in consequence of the rise in the price of corn, and that the amount of manufactured goods exported has actually increased in consequence of the extraordinary fall ing o ff i n the home demand, and the impossibility o f e ff ect i ng sales in the hom e market ? By reference to " Burn's Commercial Glance," we find a diminution of 317,796 bags, or about 25 per cent. in the quantity of cotton imported during the first nine months of 1839, as compared with the corr espon di ng period of the receding year. The stock in hand, however, in October, 1839, being estimated at about 60,000 1838, the t o t a l reduction inthe quantity of raw cotton consumed, and consequently in the quantity of cotton manufactures produced, will be about 20 per cent. during the same periods: the official values of the ex ports of cotton manufactured goods were respectively 12,629,1061. in 1838, and 13,910,2621. in 1839, being an increase of 10 per cent. for the current year. It ap pears, therefore, that the whole effect of a rise of 151 pc: cent. in the necessaries of life—namely, from 625. ld.,a quarter, which was the average price of wheat during the first nine months of 1838, to 71s. od., the average price during the same period of 1839—has been to diminish production in the chief branch of manufacturing indus try by 20 per cent. ; it has diminished the home con sumption in a ratio so much larger, as to compel the manufacturer to increase his exports in ,he face of an unfavourable state of markets, as a last resource fur getting rid of the stocks accumulated on his hands. Such has been the practical working of the s)st,•rn which the advocates of dear bread are facetiously pleased to term .‘ protection of the home trade." (From the Courier.) At a late Anti-Coru-law meeting in Manchester, a person, euphoniously distinguished as Alderman Cobden, VENING EDITION. irel a Ministerial hanger-an, as one of the new class of " Worship," created under favour of Ministerial legis lation, denounced the aristocracy as plundering the nation, and pock e ti ng th e spo il , to t h e tune of forty millions sterling a year, through the operation of the Corn-laws. The ignorance and impudence of this illi terate functionary were indeed justly rebuked on the in stant by a Mr. Elijah Dixon, an operative, we believe, who remarked that he, for one, could not compre hend how plunder to that extent could be perpetrated, seeing that the whole rental of the land did not ex ceed the sum, and that the land was let at an average of rental ranging from ISs. to 20s. an acre. The Aldermanic idiot by which this foolery was mouthed, after dUe time for cogitation, did subsequently come forward to acknowledge the correction so promptly ad ministered by one of a class unhonoured because less plethoric of pocket than himself, but shamelessly pre tended his meaning to be that, by the Corn-laws enacted by the aristocracy7forty, millions sterling per annum were taken from the pockets of the people. Admitting for ' a moment only, the fact to be as undoubted as it is false and stupid, where does the plunder go, since the aristocracy are clear of the transfer to their own behoot? The forty millions are not exported, and must therefore remain in the country ; who then are the gainers, for of the whole, or of participation in the greater part, the aristocracy stand absolved ? We apprehend, for our part, that the distribution is equitably effected among all classes, manufacturing and agricultural. The forty millions are shared in the shape of wages for labour and profits upon farming and manufacturing capital. The proportion falling to the share of labour is un doubtedly the largest. as it ought to be ; that to farming profits is not inconsiderable, but that to manufacturing profits we hold to be more valuable still. (From the Standard.) The speech of Professor Butt, inserted in yester day's Standard, has, we are convinced, been care fully read and m perused for its own sake. Elo quence of the order to which that speech, a n d more particularly the passages of it rebuking the savage and unnatural attack of Mr. O'Connell upon Lord Brougham, belong, is never offered for notice in •vain. We indeed know of nothing finer in modern eloquence than the latter half of the Pro- ' fesser's address, while the whole of it is admirable., It is not, however, as to a piece of splendid oratory that we beg to recal attention to the Learned Professor's speech. We wish to use it merely as the evidence of an intelligent and well-informed witness upon the probable danger of a rebellion in Ireland as cer tain to follow upon a change'of Ministers. Mr. Butt rejects the hypothesis of such a danger existing with contempt ; he tells what he knows, that the Protes tants of Ireland are well able, though unassisted, to maintain the peace of their country ; and no one can doubt the willingness of those brave and loyal men ; and in telling what he knows, and what his hearers enthusiastically acknowled;ed as an indisputable truth, he told what is just as well known to the disaffected in Ireland. These persons are perfectly aware that were England not to send a single soldier to their aid, the Pro testants and loyal Roman Catholics of Ireland con stitute a power quite adequate to crush tee first movement of rebellion in that island ; and they have more than one motive, therefore, for studiously refusing opportunity for the exp-riment. Thei know that rebel lion is desperate—they know also that insurrection would exhibit a new and a more unequivocal picture of the cha racter of their priesthood. Lastly—and as malice has usually the most influence upon the minds of such men, this is, perhaps, the most powerful motive of all— they see that the first approach to a civil war would demonstrate the power, the zeal, and the immoveable fidelity of the class wham, at one time, they have heron accustomed to sneer at as a miserable minority, at an other to brand as a formidable conspiracy of traitors. I. shnrt. they are thoroughly ccnseious that the rebel lion which they threAten would exhibit both themselves end their antagonists in the colours of truth, and there fore they will never venture that threat, except by the public and express command of that Sovereign whom, in their a11.2g - iancc, they place above the Queer of the United Knigdom—" Our Holy Father the Pope 1" LLOYD'S 16H1PPING-(THIS DAY.) DrutL, JANT. 4.—Wind E. S. E. ; 5, N. W.—Sailed the outward bound. LarEftPC.OL, JAN. 4 —Wind S E. ; 5, E. S. E. —Ar rived the Roscoe, Ellis, from Maran. Sailed the Compe tent, Robinson, for Bombay; Traveller, Harvey, Brazil; Lenora, Harrison, Demerara; Isabel, Shore, Antigua; Archer, Mattbewson, and Alexander Young, Jamaica; Unicorn, Mullins, Hanover ; Amisted, Fernandez, ditto ; George Canning, B:aithwaite, La Guayra; Ann Ding wall, Archer, Si. Thoan - ,s's ; Gerard, Gross, and Caledc nia, Huxtahl,, New Orleans; Wasdale, and Brothers, Drysdale, llayti ; Ann Hall. Tucker, Mobile; Cutr.bv land, Power, Apalachicola ; Warrior, Jones, Charleston ; Montezuma, Philadelphia ; Olive Branch, Sedgo.ick, Sa vannah ; Pearl, Fletcher, Norfolk, Virginia ; Henry Hood, M' Ferran, Westchester , Ferris Spirolinio, Smith, Ind Virginian, H iggins, New York ; Ruth, Rendall, Sierra Leone ; St. Croix, Bradley, Honduras; Mary, Hamilton, Demerara; Racer, Pridharn, Vera Cruz ; Asia, Hannah, and Alexawier Edracnd, Strong, Sdvannah ; St. Law rence, Brown, and Timbleon, Wiosor, New Orleans; Jane May, May, Ceara ; Sowell, Pratt, Boston ; Leone, Palermo ; 15zella, Newton, Syra. Po ItT.SMOUTII, JAN. s.—slid N. N. E.—Arrived the Arcturus, Kell, from Bilboa. Sailed the Samson, Townsend, to New York; Angelique, Le Roux, Mar tinique; Caroline, Sweetman, Grenada. COWES, JAN. a.—Arrived the Dolphin, from Manilla, l ea ky, and with loss of sails, Bre. Sailed the James \ltQueen, M'Cull, for St. Kitt's ; Orestes, Allenberg, Rio Janeiro; Duke of Bronte, Haires, and Garland Grove, Pingelly, Jamaica. GUERNSEY, JAN. 3.—Sailed Charles, Jones, Terceira. CLYDE, JAN. 3.—Sailed the Bucephalus, Small, for Bombay ; Elizabeth, Hamlyn, Calcutta. DUBLIN, JAN. 4.—Sailed the Garonne, fur Barbadoes. Coax, .AN. :3.—Off port the Alice, from the Mauritius —sailed 9th October, and St. Helena 19th November. LEITII, JAN. 4. —Arrived the Diana, Miller, from Quebec. Sailed the Langton, Heron, for Tobago. SUNDERLAND, JAN. 4.—Arrived the Monarch, Quebec. HULL. JAN. 4.—Wind N. W.—Arrived the Elizabeth, Sims, from Miramichi. SIIIELDS, JAN. 3.--The Mary Ann, of London, struck upon the Herd Sand, yesterday, and has been assisted into this harbour with loss of rudder. BERWICK, JAN. 3.—The Britannia, Spence, from Rot terdau to Dundt,e, is on the rocks south of North Sun derland, with rudder unshipped, hull damaged, :Ind very leaky —cargo expected to be saved without much damage. DUBLIN, JAN. 3.—A vessel, name LLkIIOWII, is reported to be un the Arklow Bank. YARMOUTH, ISLE ON WIGHT, JAN. s.—The Symmetry, Giles, from Swansea to Little Hampton, which was on sliore_on Pcnington Spit, was got off )esterday, after dis charging part of her cargo, without darroge, and will proceed. AIII.FORD, JAN. 4.—A small vessel, bottom up, passed St. David's Head on the 31st ult. VESSELS SPOKEN WtTo..-LThe Hebe, Newcastle to Oporto 2d inst., lat. 49, long 5, by the Arcturus, Hill, arrived at Portsmouth ; Blucher, bound to St. Thomas ; Tobago, bound to Antigua, 20th ult. ; and Marion, Clyde to Grenada, 2tith, lat. 47, long. 17, by the Alice Amayl, arrived off Corti; Rosendall, Liverpool to South Aus.. tralia, 30th u 1 ,., lat. 40., long 11, by the Resolution, Carter, arrived in the River. The Duke of Portland arrived in town, las t week, from Welbeck Priory, Nottinghamshire. COVENT GARDEN THEATRE—Sheridan's opera of The Duenna was revived on Saturday night at Covent-garden with all that taste in scenery, dresses, and appointments, which has given celebrity to the ma nagement of this theatre. The cast of characters was remarkably good. Farren played Jerome capitally, and both he and Keeley, as Isaac Mendoza, sang their comic son g s remarkably well. Harri son , w h o took the part of Don Ferdinand, was encored in the old song of File Thorn," which he introduced. It made no part of the Opera, but he sang it most sweetly, and was en cored. Vestris's Don Carlos was a captivating perfot mance. Miss Itainforth, as Donna Clara, acquitted herself well. Mrs. C. Jo2es was, as the 114enna, full of humour, Miss Middleton, who made her debut as Donna Louisa, did not make a hit. The opera is at tractive, and such a representation of it as we had on Saturday an undoubted credit to the management. The house was crowded. THEATRICAL NOVELTY.--Mr. Fitz Robert, the dramatic amateur, whose first appearance on a public stage we lately announced was about to take place, acted the part of Pierre, at Windsor, with great success on Wednesday last. Miss HELEN Paucfr.—We regret to learn that this young actress has temporarily sunk under the fatigue of her exertions, and has been compelled to with draw from the stage until recruited health may enable her to renew them. All who take any interest in our national drama are familiar with the unaffected and suc cessful efforts on which, on every opportunity, she has made to pourtray those more elevated moods of the passions and zffeetions which depth and simplicity of feeling can alone conceive, and practised talent convey ; and those who witnessed her performance of Desdemona at the Hai market last week, especially, cannot but hope that she may quickly be. restored to pttmuo her: promising career. TH E - A ZO R E S.-There have been great disasters in the Azores by hurricanes and high tides. dy an official account from Pota Delgada, the capitrA of St. Michael's, it appe,irs that that town, and the whole south coast of the island, were visited by a tremendous itmundation on the sth instant, which destroyed a great number of houses, warehouses, &c., near the shore ; damaged the Castle of St. Bray and other forts, the custom-house, cattle market, &c. At Lagoa, Villa Franca de Campo, Riberia, and other villages in the same island, great damage was also experienced ; seve ral houses are said to have been also blown down, hot only one case of loss of life has been reported. The authorities were providing, as far as possible Fir t ) Je shelter, &c., of the parties whose property h', A d been destroyed. An account published in the Avorierio journal says that a ship and some smaller ~fplif)El which were in port were knocked to pieces, an: d ihe Pass of pro perty altogether amounted to severr,', hundre d °antes. I I I