The Sun.
London, England, 1837-04-29 00:00:00

TIE FUNDS.--(THIS- DAY.)

CITY, TWELVE O'CLOCK. _
We have received New York papers to the 11th hilt. From a
paper of the Bth inst., we extract the following:—
" Exc IMANGE.—SaIes of private bills in England at 10% to 12
per cent. cash ; France, 5 franks 15 cents ; Holland, 411,x; Ham-
burgh, 36%; and Bremen, 82 cents. The Bonds of the United
States Bank on England, without interest, sold at 1 or 2 per cent.,
cash. The transactions were not extensive in private bills ; but a
large business was none in bonds. Export of specie this week
34,457 dollars.

The New York Express of the Bth inst., gives the following city
news ;

" The week bids fair to close with the same gloom that has pre-
vailed for the last three days. The Money Market is as tight
as ever, and confidence in all personal securities almost vanished.
Stocks fell off a trifle, if we except the State Bank ; that fell to
96. An impression seems to have got abroad that the Bank has
suffered by the stoppage of Hicks, Lal,vrente, and Co. We believe
this to be an error. The Bank no doubt has some of their paper;
but not to an amount of serious consequence. There has been
several failures to-day, but none of great magnitude. Messrs. M.
Allen, who are among the unfortunate, will pay their own engage-
ments on paper, but not their stock deficiencies. The packets do
not sail for Liverpool to-morrow. Something was done un Ex-
change. Confidence, however, is so much impaired, that there are
only a very few houses whose bills are taken, which houses have been
able to sell their bills at I 0 and 125 per cent. The United States Bonds
payable in London in April, 1838, bearing no interest, are selling
freely in the market at par. This is a most ruinous rate to those
who have negotiated this description of paper. It is a loss of full
three per cent. a month. The fall of Stock within these three or
four weeks has been greater than we have ever known. The ope-
rations in Grain are truly immense. Stocks (7th April) 114 i
United States Bank."
Buenos Ayres papers have been received to the sth of February.
They bring a translation of the communication from the Govern-
ment to the House of Representatives, upon the financial affairs of
the province (or what might be called the Budget), and the
ways and means to cover the deficit. They further state
—" We wait with some impatience the arrival of fresh inteili-
gence from Chili, as the next accounts must inform us of the com-
mencement of hostilities. The Peruvian Minister in Chili has pro-
posed an armistice, to give time for the adjustment of peace, to
which Chili had refused to accede."

The New York Commercial Advertiser of April 10, states
of the Richmond market—" The money pressure continues so very
severe, and confidence so much impaired, that no one seems willing
to engage in new commercial transactions."
The anxiously-looked for packet of the Bth bast., from New York,
has arrived, by which we have received New York papers of the
10th inst. They are anything but favourable in respect to com-
mercial affairs in the United States. More houses continue stop-
ping payment. Confidence continues lost—and the United States
Bank paper is at par. Upon the whole everything has a gloomy
appearance to the last date.
There is also great disappointment experienced by the packet not
having brought over the specie expected. We have no doubt that
our sovereigns havg6gained a firm footing in the United States, and
good care will be hilt en that few of them will visit England again.
Accounts from Liverpool received this morning state that the
New York Packet has brought over a million of Bank bonds, and
seventy thousand dollers. From New Orleans it is stated that the
stoppage of a large cotton factory is fully confirmed'; but the assets
are sufficiently large to inspire confidence in the creditors, and
would be able to pay all demands. Several of the smaller houses
have also stopped there.
Consols which closed yesterday at 90ir for the Account, and
time, opened at the same price, with little doing ; Exchequer
Bills, 30 32 : India Bonds, 32 ; Bank Stock, 2034.
In the Foreign Market, Spanish Active 2121 ; Portuguese,
40 4 ; Three per Cents, 204. _

HALF-PAST ONE.
Extract of a letter from Philadelphia, April,7 :—" We have just
returned from the United States Bank, to whom we offered 12i per
cent. cat-h for bills on London ; but they refused to draw bills at
any price, and will only sell their Bonds payable in Lbndon at 12
months, without interest, at 7 per cent. premium.
The Charlestown papers state that Messrs. Josephs's paper was
sold in the street yesterday for 20 cents. on the dollar.
Cape of Good Hope papers, received to Feb. 26, state that the
news from the frontier, during the week, are of a pacific character.
The general topic of conversation this morning in the City, en-
tirely relates to the very unfavourable commercial information re-
ceived from the United States. These are by far worse than- was
anticipated. The failures are to a great extent.
Consols may be quoted at 90* Money ; 90i for the Account,
little doing. Exchequer Bills, 31 33 prem. ; India Bonds, 29 31
prem. ; Bank Stock, 2031.
In the Foreign Market, Spanish Active heavy at 21i ; Portu-
guese, 46*; Three per Cents., 29*; Dutch Two-and-Half, 54 ;
American Bank Bonds, 931- 94i.
We hear of a failure this morning of an East India house.
THREE 0' CL 0 C.K.
ConsoVer the Account, 90i.

LONDON,
SATURDAY EVENING, APRIL 29, 1837.

The Tory party having run through their long list of
grievances, and being sadly in want of a fresh stock, have,
in their destitution, been compelled to fall back upon that
favourite one which they set forth with such emphasis at
the commencement of the Session—namely, the miscon-
duct of Lord MULGRAVE'S Administration in Ireland.
The Marquis of DOWNSHIRE opened the discussion on this
thread-bare and thrice-answered theme last night, by the
presentation of an Irish Protestant petition, which of
course—as was intended—gave Earl RODEN an opportu-
nity of enlarging, at most wearisome length, on the va-
rious sins of omission and commission, of which he de-
clared the Irish Government were guilty. Foremost
among these was the merciful and considerate character of
its legislation. A sinning on the side of severity the
Noble Earl could have understood and pardoned; but a
leaning to the side of mercy was what he could by no
means understand or approve. It was anti-Tory in the
most extensive interpretation of the term, and every way
calculated to " draw iron tears" down the cheeks of those
benign Orange functionaries who headed the late glorious
campaigns at Rathcormac and Carri-eishock. To rule
Ireland well, you should rule her in the spirit of unqua-
lified tyranny. Bully her—trample on her—grind her be-
neath your hoof—for, like eels, she is used to the worst
treatment, and cannot understand any other. Would you
behave to a nation of mere " aliens," as you would to Eng-
land or Scotland ? Would you endeavour to bring her
within the pale of civilization, or allow her the slightest
modicum of Corporate Reform, who is incapable of being
entrusted with the management of her own affairs ? Ne,
no ; she is a rank lunatic, and is only to be quieted, there-
fore, by the keeper's whip and strait-waistcoat.
So say the Tories—but so do not say Irishmen, or the
great majority of their enlightened fellow citizens in Eng-
land and Scotland. What is the language held by the
bulk of the British copmunity on the subject of the wrongs
----seat her n the gnirit
of forbearance and charity ; raise her in her own esteem ;
wipe the tears from her Cheek, and bid her lo.ok up and be
comforted ; dare, in short, tq be just towards her ; and
trust to her sense of honour and gratitude for the result.
In pursuing his present course of policy Lord MULGRAVE
is but strictly acting up to these opinions, which are those
of all good citizens. He treats Ireland neither with mis-
taken lenity nor undue harshness, but in the uniform spirit
of impartiality. Hence his offence in the eyes of Orange-
men, who having been once despots, .think it hard that they
cannot be despots for ever.
The debate 04, last night,- though ostensibly on a certain
frantic Protestant petition, was in fact little better than a
mere echo of that which was brought forward in the Com-
mons at the commencement of the Session, on the Irish
Government. Lord RODEN said nothing that Mr. Ser-
geant JACKSON, with infinitely more ability, had not said
before him. He advanced no new opinions ; threw no new
lights on the subject ; but contented himself with the scant
gleanings of a field of controversy already fully reaped. Ire-
land—so ran the burden of his complaint—was tranquil,
but it was the " tranquillity of death." There- was no se-
curity fur Orange life, or Orange property. Every thing
went on just as it ought not to go on. Captain Rock lay
in ambush among the hedges, and hordes of Ribbonmen
prowled unmolested among the wilds of Tipperary. Such,
or nearly such, was the picture which Earl RODEN drew of
the present aspect of Ireland—a pretty picture enough, but
utterly wanting in verisimilitude. Every man who is not
styed in Tory prejudices, knows right *ell that the sister-
country has not for a length of time, been so tranquil as she
nowdis. All the reports we have from Ireland concur in
this statement, and also that it is mainly to the considerate
policy of the Viceroy that this favourable state of things is
to be attribUted.

Lord MELBOURNE'S remarks on the Protestant petition
were severely just. He anatomised and laid bare its so-
phistries in his most skilful, searching manner. In fact, so
complete was his exposure of this wretched document, that
Earl RODEN, conscious of his inability to make any effectual
reply, felt it his safest plan to steer clear of the subject, and
indulge in the irrelevant statements to which we have just
alluded. By the bye, this sage Peer, in the course of his
prolix oration, fell foul of Lord MORPETIi for having pre-
sumed to call the Irish Tories a " miserable minority !"
Well, are they not ,miserable ? Look at their faces—read
their speeches in Parliament—mark the dismal, hopeless
sophistry of their arguments ! Was ever such a set of
crest-fallen, uneasy individuals, as haunt the back seats of
the Opposition bench ? Night after night they attempt to
make head against Government ; and night after night arc
their virtuous endeavours frustrated. Lord MORPETIS is
right. The Irish Tories are a miserable minority, and
long may they continue so.
It is not a little curious that though the Protestant pe-
tition was got up full three months since, and expatiates
with becoming pathos on the dangers to which the Irish
Orangemen are hourly subjected, it has not been presented
to the House of Lords till now.' How happens this ?
Surely if the danger was so urgent, it should have been an-
nounced before now ! But the truth is, there is no danger,
except to Orange despotism, in Ireland. The whole affair
is an artful fabrication, got up for party purposes. A
dead-set is now to be made at Ministers by the Opposition
in both Houses ; hence the presentation, at this particular
juncture, of a petition got up last January.

Sir FRANCIS BURDETT has addressed the following cha-
racteristic letter to the Electors of Westminster :
" Brighton, April 27.
" Gentlemen,—l have just had transmitted to me by the High
Bailiff of Westminster, a resolution, adopted by a public meeting
in Covent Garden, of the electors of Westminster, calling upon me
to vacate my seat, upon the ground—of my having lost the confi-
dence of my constituents. This application so far differs from a
similar one sent to me a short time since by a meeting of some gen-
tlemen at the British Coffee-house, that it bears the semblance of
proceeding from a public meeting of the electors of Westminster ;
the lion's hide at least is assumed, though the voice be
somewhat different ; the hands are the hands of Esau,' said the
patriarch of old but the voice is the voice of Jacob :' so of this
meeting, the voice is the voice of the British Coffeehouse, and the
parties, as far as appears, the same ; at any rate, it affords me an
opportunity, and I trust a justification, of complying, to use the fa-
shionable patriotic slang, with the wants and wishes of this por-
tion of the people ; the gauntlet is thrown down thus publicly,
and I take it up and accept the challenge thus publicly
given. I will apply for the Chiltern-Hundreds, and then call
upon the electors of Westminster to declare themselves for
or against a zealous supporter and firm adherent, as I
have ever been and am, of the laws, institutions, and con-
stitution of England. I should not, however, venture upon
this decision, provoked to it as I am, nettled and stung
by pismires, was I not satisfied from recent appearances
that no unfair advantage will thereby be given, or can he
taken, by any party ; all will start fair, and upon equal
toms, and the opinions, sentiments, and principles of the electors
of Westminster will be clearly 'manifested, and placed beyond cavil
or dispute. I shall 'offer myself to your support as the