The Sun.
London, England, 1837-04-24 00:00:00

MAILS.

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Arrived. Due Arrived... ._
Due. Arrived. Due
0 America.......... 0 2 France .l 0 Liaton.,.., I
0 itraid
0 11.1enni A yrei.. 0 0 Illni(lurG 0 0 Mexico... 1
0 CorthaFena.... 0 1 Holland
2 11u'..En... ...... 0 0 Jamaica
2 r ander. ...... .. n 0 Leeward island, 0 2 Waterfo rd 0

fll6ll WATER AT LONDON BRIDGE TO-MORI LOW.
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Thirteenth Edition greatly improved, Svo., 6s. 61, hoards,
C REEK GR AMMAR;
-.31 with Notes for those who have made some progress in the
1 mgua7,e. By R. VALPY, D.D., F.A.S.
2. DELE(TUS SENTENTIARUM GR2ECARI3M, with
Notes and Lexicon. By the Same. Eleventh Ed. 4s. 12mo.

3. SECOND GREEK DELECTUS ; or, NEW ANA- i to frirm a safe substratum for the paper superstruc-
I.ECTA MINORA ; with English Notes, and a Greek vmd Enrt-
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t.chool. Second Ed. Fro. 9s. 6d. fors suspicious of the credit of almost every man who
4. THIRD GREEN DELECTUS ; or, NEW ANA',EC,T A
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Part I. PROSE, price Bs. 6d. bd , contain: Sdir dions from ment securities, at the lowest rate of interest, to em-
7Tcroictus, Xenophon, Isocrates, Plato, Demo the, ams, Lysias, 1 ploying it in the discount of mercantile paper. We are
Time7Ltides, Longinus, and Theophrastus. . .
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Part. 11. POETRY, price 9F. 6d. bd., contains S elections from
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Valpy's Edition!.

quite satisfied, that there has been nothing in the state
of our commercial affairs, either foreign or domestic, to
justify these apprehensions to anything like the extent to
which they have been carried. But a panic has
neither eyes nor ears—it sees not, hears not, reasons
not—and possesses, besides, a power of self-propaj,a-
tion that sets all calculation at defiance. This being
the case, we must not wonder if, in the fluctuations of
the Moncy-market, we do not always find the effect
duly proportioned to the cause.
The first symptoms of distress appeared among the
merchants connected with America, and we are dis-
posed to attribute this not so much to over-trading,
although that is the natural consequence of an abun-
dance of money, as to the financial and banking ope-
rations which were resorted to in America. The na-
tural consequence of these operations was to draw gold
from country ; and the 13a.nk of England, in order
to counteract this effect, whic% bore 'mid upon its cot
fers, had recourse to the dangerous expedient of re-
fusing to discoing American bills, thus stamping -dis-
credit on the transactions of an extensive class of
merchants, and deranging the affairs of the manufac-

he publication of THE SUN livwsrArß.,t commenced this day
at 30 minutes past Thre, ; o' Clock.

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LONDON,
MONDAY EVENING, APRIL 24, 1:37.

On Frciday LorjMELBOURNE, in a few
word,' cut an cud to the boastings of Sir lton Eng'
PEF.r.-„ I can only say, in conclusion," said his
" that I see nothing in the state of affairs of
ii ecuury either at home or abroad to induce any Mi-
x Aster to retire from office." None but men panting for
dace could see anything to cause his resignation ; but
'every friend of liberty abroad, end peace at home, can
e,r mueh that ought to induce Lord MELnourtxr.
of to resign. Ever since the detection of Lours
f_ll-1r the return of the Tories to power was alone
--.-an.ing to destroy the germs of fret institutions in
• Pcni:istila, and bring the whole of Western Europe
• within the pale of the Holy Alliance. Great
.;ritain under a Liberal Government is now the only
-power to whom the oppressed of every country can
!had,: for sympathy and aid, and on that account the
MuLnoun NE .'idininistration would by deserting
their mist incur fearful resnen,ibility. But tint
.
is little. compared with our domestic peace, an..l
the security of our own imti!ntions. The people
• Ireland are in a state of alarm at the very idea o'
.orange misrule. Their inajorit,..' of their liTresenta-
livcs have repeatedly declared, that their only hope of'
...safety is in Lord MuLGRAvE's Government, and the
continuance of the present Ministers in power. The
kie!r:rdl Association (hot the other day) unanimously
,‘amc to a similar resolution ; and 2.fter the effective at1;l
determined suppoit which Lord NTEunoun.sc. has re-
ceived from both the Representatives and the people of
Ireland, it would be something worse even than I ase
ingratitude, because of some temporary difficulties, to
hand them o cc, evEm for a time, to the tender mer-
cies an 0 an4e faction. Three months' misrule
would do inca'culable mischief in that cou:itry. A li-
beral Government obtains additional strength every day
£hat it remains in office. It gets ranged on its side
more men of influence and power, more liberal judges,
more liberal bishoos, more liberal Lords Lieufenant
and Magistrate.; ; and, by showing a determination
of purpose and a resolution not to yield, it will in a very
short periol draw over all those, and the number is not
• who do not support a Government fot nothing.
To resign because every good measure cannot be car-
ried at once would be an act of political suicide, and a
tacit admission that the Lords, and not the representa-
tives of the people, can alone govern the country.
The people of the United Kingdom are not inattentive
to the contest that is going on between the two Houses,
and the support which they will give to the Govern-
ment in the day of need will depend much on the spi-
rit with which Lord MELBOURNE stands forward in
their behalf. We have no reason to doubt the course
he will pursue—he has never yet flinched or truckled
to the House of Lords—he declared last Session that
while the representatives of the people stood by him,
he would stand by them—and he declared on Friday
night that, notwithstanding the clamour of the party,
he would not incur the responsibility in a moment
of temporary defeat or disaster, to withdraw that
assistance from Spain, to which, by every dictate
of good faith and every principle of honour he was
pledged. These energetic declarations have damped
the spirits of his opponents, and the unanimous ap-
probation which they have received from the great
body of the public, is only an earnest of .the support
which an upright, determined, and patriotic Minister
may expect for the people.

tuners connected with them, as well as sowing the seeds
of distrust among the mercantile community generally.
The last advices from America, which come down
to the 3d instant, state the measures adopted there to
arrest the mischievous results of former imprudence.
There had been commerc:al crisis, and several large
flilnres had taken place, principally among parties
deeply implicated in land speculations in the Western
States, which have been for soul time chaining the
eastern and commercial districts of specie. The Bank
of t'ic U States had however come forward at the
solicitation of the principal merchants of New York,
and interposed its powerful arm to ward off the blow
which threatened the commercial interests of the
Union. The Bank proposes to " substitute for the
private credit of individuals, the more known and
established credit of the Bank, until public confidence
in private stability has time to revive." In accord-
ance with this enlightened .:den, of the question, the
Bank is to issue its engagemcits, payable in London,
Paris, and Amsterdam, which engagements will be
remitted to Europe instead of private bills. The re-
sult of this important operation cannot fail to be most
beneficial. T!!c Bank of England cannot refuse to dis-
count the paper of the National Bank of America—in-
deed the proposal may be %;aid to have originated With
the Bank of England—immediate relief will be
afforded to the merchants trading with America, and
general confidence may be anticipated. We may add,
that the resoluti.'n of the Bank had given the greatest
satisfaction at New York. Time deep gloom which had
prevailed had, on the fact being made public, been
succeeded by sudden cheerfulness and universal joy.

The Paris papers of Friday and Saturday have 'Leen
received. Th 2 Moniteur contains copies of the con-
gratulatory addresses of the two Chambers to the
KING and the Duke of ORLEANS, on the approach-
ing marriage of the heir apparent to the French
' throne, with the answers of his MAJESTY and Royal
Highness. There is nothing in these documents worth
extracting. They are a string of complimentary com-
mon places—nothing more.
In the Chamber of Deputies, on Friday, M. Du-
PIN, the President, presented the Report of the Com-
mittee on the Bill for granting an additional allowance
to the Duke of ORLEANS. The Committee agreed
to grant the Royal Duke 80,0001. a year, the Prin-
cess Royal 12,0001. a year—both to be paid monthly,
and in advance with 40,0001. for their outfit. Many
Members of the Committee were for nearly doubling
these sums, but the more economical prevailed when
the question was put to the vote. In the same sitting
M. THIERS delivered a very able speech on the
African expedition. He told the Chamber that
he was not favourable to an extensive system of
colonization in Africa ; neither did he concur with
those adventurous individuals who sought to ex-
tend French conquests to the Atlas ; but the war being
commenced, the operations already undertaken ought
to be prosecuted with vigour. France ought to con-
fine herself to the peopling of Algiers, Oran, and
Bona—an undertaking sufficiently extensive for the
next twenty years ; but which, when completed, would
make her mistress of the Mediterranean. This last
observation was received by the Deputies with loud
cheers.

The New York papers to the 4th inst. inclusive,
which have reached us this morning from Liverpool,
are calculated to remove all apprehension of a long
continuance of the monetary difficulties which prevail
in the United States. It will be seen by our extracts
from them, that although several extensive houses have
failed in New Orleans, Philadelphia, and other large
commercial towns in the Western and Southern States,
yet the best-informed merchants are of opinion that
these houses are solvent, and only require time to collect
the capital which they imprudently vested in the purchase
of waste lands, and canal and railroad speculations.
The causes of the scarcity of money in the United
Statcs are—first, the late attempts of President JACK-
SON to destroy bank credit; which he regarded in the
light of a political engine in the hands of the rich ;
and again the flourishing state of the public revenue.
It will be remembered that by a Treasury minute,
issued by President JACKSON in July, 1:;',16, the col-
lectors of taxes were forbidden to receive rr ,er in pay-

The trial of the assassin, IVIEuNIER, commenced on
Friday. A condensed report of the proceedings will
be found. in another column.

The French Papers contain no important news from
Spain. Prirate letters received on Saturday from the
frontier stated that the rebels had moved from Valen-
cia to Arragon. On the Bth, CAB RERA with his
bands quitted Villa, being closely pursued by General
NOGUERAS. At Barcelona and Valencia all was
tranquil on the 15th, though the authorities were ap-
prehensive of danger in consequence of the distribution
of incendiary placards during the previous night.
During the late storm three trading ressels laden with
provisions were wrecked on the Cantabrian coast.: The
lives of the crews were saved.

Letters from Bayonne of the 19th inst. state that