The Sun.
London, England, 1852-12-21 00:00:00

a conviction in ICIRwAN's case. We aPPre—e:
however, that these ve persons would 1106.
been unwilling to convict if they bad been ce4
of not committing an irretrievable mistake'

entitled "
A small pamphlet of 24 pages,
Synthetical View of the Results of recent Cot
mercial and Financial Legislation," has Just, bei
t
published by RIDGWAY, from the very able std
tical pen Of JOHN MACGREGOR, MY• for Os
which will be at once appreciated by the Pub •
for I
not more for its timely production, than e
clear, succinct, and admirable elucidation olatic
present financial position with regard to
,„rt
in general and our commercial interests
cular. We may enlarge more to-morrow, u'o
the meantime we cannot refrain from gil U'gbe th
MACGREGOR'S graphic picture of what woula.,
consequences of a national stoppage of credit t
The revenue for 1852 willprobably exceed tka, ib
1851 ; and if the income tax continued, either i.
present or in a modified form, the duty on h°Pstirue:l/1
perhaps, be abolished, and the tea and wine "
also reduced. s or
" But the public credit of the nation must be -fuerdlel
before any tax can be repealed or reduced. 13Y ". iz
economy, and looking forward to the terrajnsibejoall
annuities in 1856 and 1860, we may get rid
°
obnoxious taxes. to 1)1
" In the meantime, it requires but little inqu'rh.'e par
convinced that the calamity of a stoppage °f !0.-Debt'
ment of the dividends, or interest of the Nation.- ,ge.
would break up every monetary and commercial el%.ty,
ment in the United Kingdom. The rights of Pr°,,P red.
whether in lands or moveables, would no longerbe ether
Bank Stock, India Stock, and all other stocky t4llWould
bs
with private banks and private credit
involved in the general calamity of a national failll,l, ,ef'o(
" In the City of London, and other large t0v,4011
families keep more ready money in their house' „ore
may be sufficient for the week's expense ; few ilAd'a lve 01
than the day's provision in their larders.
.tota"
credit would fall with public credit, the grazi7e'f ire
not trust the butcher h
, nor the latter the families not
plied. The farmer would not trust the corn dealer' ose'
the latter the miller, nor the miller the baker
quently the latter must cease to su
rpad pl his
tomers. So on with all other teys any- ",
Therefore, at phatever amount of taxation,then-tlailr
credit of the British Empire must and will be I
tained."

COURT CIRCULAR.

OSBORNE, Dfhprt,
tba
Her Majesty, his Royal Highness Prince A
Prince of Wales, the Princess Royal, Princessst Os'
the Prince of Le .iningen, attended divine service
borne, yesterday morning.
The Hon. and Rev. G. Wellesley&
officiated. Anoestic
The ladies and gentlemen in waiting, and the—
household, were also present.

A meeting of members of the House of v", 4,713,
supporters of the Earl of Derby's Administra,ideoc"
held at twelve o'clock yesterday, at the official re"treet'
of the First Lord of the Treasury, in Dowoilr;toile
The conference with the Earl of Derby lasted al'°-
hour.
ati°
Mr. D. Waddington, M.P. had an intervielvoce.
Mr. Secretary Walpole yesterday, at the 110131,e,
Mr. Hall had also an interview with the OP"
Secretary.
er
Dispatches were received at the Colonial Offices day, from the Governors of the West India Isil°6".