The Sun.
London, England, 1839-06-27 00:00:00

METROPOLITAN POLTICAL

SUMMARY.

The Globe of last evening makes the following se-
vere remarks on the Earl of Stanhope :—" Lord Stan-
hope seems to be recovered from the drubbing he last
week received from the Duke of Wellington ; or rather,
like Curl in the Dunciad, invigorated by his fall.
His Lordship took the lead both as chairman and
chief orator at the meeting to form a Tory-Chartist
Anti-Poor-law Association on Monday, and delivered
himself, according to his wont, of numerous anonymous
rawhead•and-bloody-bones stories of the inhumanity of
the Poor-law, and tho tyranny of the Somerset House
dictators.' Last night this Quixotic Peer presented
several petitions from the physical force men, in which
the nostrums of the Charter were declared to be in-
fallible remedies for all the ills, past, present, and fu-
ture, to which the body politic has, is, or can be ex-
posed. As some of these petitions prayed for the re-
peal of the Poor-law Amendment Act, Lord Stanhope
mounted his favourite hobby, and rode with a reckless
disregard of consequences, both to himself and others,
truly lamentable. At the meeting on Monday his
Lordship was in no danger of contradiction or reproof
for violation of truth, or the promotion of anarchy.
The former suited the alleged purpose for which the
meeting was convened, and the latter the taste of the
majority of the audience, and the ulterior objects they
seek to effect."
The Courier remarks as follows on Mr. Ward's
speech on Tuesday in the House of Commons :—" Mr.
Ward yesterday evening moved a series of resolutions,
on the subject of emigration, and supported them by a
speech which is likely to raise him very considerably in
the estimation of his country. Mr. Ward's object is to
show that the public lands in our several colonies, if
properly turned to account, would afford the means of
organising a vast system of emigration, that would re-
lieve the country from the supposed superabundant sup•
ply of labour, and at the same time create a number of
most valuable markets for the productions of our na-
tional industry. That the position is perfectly correct
we have not the slightest doubt. For centuries to come
the tide of emigration may continue to flow from Great
Britain, before the demand for labour will cease in our
colonies ; and if a constant supply of labour be kept up,
:here will be a constantly increasing demand for the
public lands, and consequently an increasing fund for
the purposes of emigration."
The Standard contains the following remarks sug-
gested by the petitions presented by Earl Stanhope on
Tuesday in the House of Lords :—" Earl Stanhope last
night presented a great number of petitions variously
worded, and, in some respects, various in prayer, but
dl complaining of the real or supposed wrongs of the
humbler classes. Among the changes solicited were,
of course, the nostrums of the Chartists, Universal
Suffrage, Short Parliaments, Ballot, &c., but with
these were, also, a repeal or revision of the New Poor-
law, protection to factory children, extension of the
currency, return to the old commercial system, &c. &c.
Such complaints and demands may be, as many of
hem are, unreasonable ; but a prudent man will see in
them a symptom of the prevalence of uneasy feeling,
and will feel that, as such, they are entitled to serious
and respectful attention. The people may be wrong,
;rut it were madness to treat with contempt even the
most obvious errors of the people ; it is doubtful, too,
whether in the existing case the Parliament has a right
to plume itself on any great superiority of wisdom."
The Morning Herald thus expresses herself on the sub-
ject of the Metropolitan Police Courts Bill :—" The Me-
tropolitan Police Courts-Billis intended to be a grand ex-
oeriment in breaking in upon bid by jury, and rendering
continental police tyranny, and all its degrading concomi•
'ants, familiar to the minds of Englishmen. Should the
Home office stipendiaries of the metropolis be elevated into
Judges, with their utter dependance upon the arbitrary
.611 of a Secretary of State, what a servile character will
public justice present, in a country where it used to be the
•iroud boast of patriots that the judgment seat was
mire and above suspicion, because it was independent.
Dependence upon the Home office is the principle which
he liberal " reformers" of our Constitution now teach as
'he principle of philosophic improvement. In this project
Whigs amid Benthamites—Constitution-making tailors and
:rudite soap-boilers, are united. As the ostensible head
mnd front of the great work stands the genius of the
Lambeth Vatican, and the luminous experience of Mr.
Gibbon Wakefield has been largely drawn upon to show
he expediency of subverting our ancient system of cri-
nlinal administration of justice, and assimilating it to that
)f the most despotic Governments."
The Times, alluding to the Ministerial education scheme,
ittempts to bully the House of Lords into a violent demon-
stration on that subject :—" It is demanded what steps the
House of Lords will take in support of Sir Robert Peel's
policy in the House of Commons for the overthrow of the
nefarious scheme of anti- Church education ? The Commons
have done their part ; the country is with them. Are the
House of L')rds against bosh country and Commons—
igainst both Church and State ; or is it only his Grace the
Duke of Wellington, who could crush both Ministers and
,heir project by a majority of two to one? The patience
if honest men, and, with all due deference, of wise men too,
-nay at length give way to something not far short of deep
iissatisfaetion."

The Morning Post puts forth the following observations
suggested by the Ministerial education project :—" The
convenience of certain official personages may possibly not
iccord with the welfare of the nation, and this we believe
io be the case with respect to the obliviousness of the con-
stitutional connection of Church and State which Ministers
ncourage. We believe that there is neither violence nor
extravagance in bringing strict constitutional principles to
hear upon the education question. We are sure that for
turselses all we want is to plead the cause of practical
common sense. The interest of the nation demands that
they who conduct the Government should proceed upon
some distinct, intelligible rule. The constitutional rule—
that of the identification of the established Monarchy with
the Established Church—is at hand. It is distinct and
intelligible, and it is a rule. We know very well that it
loos not give unanimous satisfaction. The Romanists are
not satisfied with it, nor are those Dissenters who belong to
no Church at all. Still, however, it is the national rule,
and because it is so it ought to be respected by the con-
ductors of the Queen's Government while the rule exists."
The Morning Chronicle urges the Ministry to further
Reforms, in these terms :—" The Reform Bill has satisfied
neither the Tories nor the Reformers. Mr. Croker, who
speaks the real sentiments of the party, openly says in the
Quarterly Review, that, in order to have an Oligarchical
Government, great constitutional changes arc neces-
sary. The Reformers are equally convinced that the
principle of the Reform Bill calls for great changes
in an opposite direction. The battle between the
Tories and the people remains yet to be fought.
Changes, then, are necessary by universal admis-
sion. We assume that no man is more satisfied of
the necesity of them than Lord Melbourne. If he do not
contemplate an oligarchical government, he must in con-
sistency be in favour of strengthening the popular party by
rendering the Reform Bill more effective. To stand still
is clearly impossible. A Reform Government must either
advance in the direction of Reform, or it will fall before
i,he Tories. We have already said that we agree with his
Lordship, that to make the Ballot an open question is to
forward it. By making the Ballot an open question he has
clearly forwarded it."

MONEY MARKET and CITY NEWS,

CHRONICLE.—Every thing in the Money Market
'-egins to assume a more satisfactory appearance, and hopes
are consequently entertained that the difficulties which
were apprehended as the result of the restrictive measures
,n the part of the Bank of England will, at all events, not
he so serious as was at first expected. Money is decidedly
more abundant, and is moreover to be obtained at almost
fte usual rates-
POST.—The public securities are higher in both
Markets. The principal advance was in the value of Ex-
chequer Bills, which, in the after part of the day, were
quoted at 265. to 28s. prem. The opening price was 15s.
to 17s. prem. We have already intimated that a Bill was
before Parliament, the object of which is to exempt these,
among other of the Government securities, from the
operation of the Usury Laws ; and there seems, if we
may judge from what took place on Tuesday evening in
the House of Lords, to be a strong probability of the
measure being acceded to, subject to the limitation adopted
on the motion of the Duke of Wellington; but the 'im-
provement in the rate quoted for them is understood to
have been produced in a great measure by a report which
was in circulation to the effect that a large amount (a
million sterling was the sum named) is about to be for-
warded, under a special arrangement, to the Bank of
France, in exchange for a like amount of sovereigns. The
increase in the Bank charge for interest and discount has
had the effect of bringing a considerable amount of capital
forward for investment.

This has no doubt tended to strengthen the markets
in a very material degree, and in attr►buting it to other
causes we merely echo the rumours of the day, and
without pretending to vouch for their authenticity.
The Bank of France is undoubtedly very much encum-
►ered with specie; but it happens to be, for the most part,
specie of tho wrong description. The proportion of gold
is comparatively small. There is, however, a little, and
this, we may well believe, is much at the service of those
who have occasion for the loan of it, and who are pre-
pared with adequate security for its reimbursement; but
we should suppose that it will be found, on the publication
of the next monthly averages, that the Bank of England
is not in a situation to require it. Its stock of bullion is,
at all events, ample for present purposes, and, by an ope-
ration of the nature alluded to, a temporary influence only
is to be produced on the rates of exchange. With these
in the state they are, no permanent good will arise from
borrowing. The whole of the amount taken would, in the
ordinary course of business, be again abstracted, and the
premium might, upon this artificial principle, be paid over
and over for renewed accommodations. Consols left off
at 93k- to ffor the opening, and 13ank Stock at 189 to
190.

EVENING EDITION.

MANAGEMENT OF IRISH JOBS

IN THE HOUSE OF COMMONS.

(From the "Spectator.)
Having promised to keep an eye on the progress of
the Shannon job, we must now report, that on Monday
night—no, about two o'clock on Tuesday morning—
after the conclusion of the Privilege debate, when
weary Members were leaving the House of Commons,
and attertion to business was 'out of the question, Mr.
Spring Rice obtained leave to bring in his Bill for
the Improvement of the Shannon Navigation. In a
few minutes after, the Bill was brought in, read a first
time, and ordered to be read a second time, on Friday.*
This is sharp practice; but, doubtless, hurried legisla-
tian, in a thin House, at two o'clock in the morning, is
suitable to the nature of the business performed—pru
dent and convenient when Irish jobs are to be pushed
through Parliament.
It is edifying to observe Mr. Rice's vigour and acti-
vity when mon,y is to be voted for the benefit of certain
properties and the corruption of certain parties in Ire-
14nd ; but how very shy he shows himself of the really
important business of his department ! The Bank of
Ireland Charter expired two years ago ; a Secret Com-
mittee, appointed by Mr. Rice himself, sat in 1837 and in
1838, and made extensive inquiries ; but the settlement
is postponed sine die. Contrast this lazy procrastination
with the energy exhibited in procuring grants of the pub-
lic money to be expended in bribing the Irish Liberal in-
terest. Withia a brief period Parliament has voted
a million for tithe compensation, and another
milli that
build poor-houses—to be repaid more Hibernico, that
is, never. Then, Sir J. Burgoyne and the Commis-
sioners of Public Works have received, during the last
to
three years, 50,000/. ; the Shannon Commission,
50,000/. ; the Railway Commission, 25,0001. Em-
boldened by past success, they now demand the thump-
ing sum of three millions ; and if Mr. Rice can smug-
gle the Bills authorising the stupendous jobs through
the House at two o'clock in the morning, no doubt he
will. Little marvel that, whenever a change of Minis-
try is menaced, the Irish patriots cram the Dublin the-
atre to pour forth blessings on the Whigs and prayers
for their continuance in office !
It is very easy to call grants loans, and pretend that
principal and interest of ail advances will be repaid. As
a specimen of the manner in which this country is in-
demnified for loans to Irish jobbers, we may refer to a
few items in the Report of the Board of Public Works,
ordered to be printed on the 25th of March 1839 :
Nos. Total
Principal. Interest. due.
45 and 1_ Grand Canal, Ballinasloe £
105, 1 Extension
90, Ditto, Alountmellick Branch 33,416-12,837-..47,569
135, Ditto. Ballycommon to Kil-
be,ggan 18,000... 5,015...23,735
It was put off last night, owing to the pressure of other
business ; and now stands in the Orders of the Day for Monday