The Sun.
London, England, 1839-05-22 00:00:00

METROPOLITAN POLITICAL

SUMMARY.

The Morning Post of this day, in the course of a
leading article oa the subject of the Hertford election,
deduces the decline of the Ministerial interest through-
out the country, from the fact of the triumph of the
Ministerial candidate at Hertford ! " The Hertford
election," says oar Contemporary, " although it has
not terminated in the return of the Conservative candi-
date, proves as clearly as any of those in which Con-
servative candidates have had the actual majority of
votes, how rapidly the Ministerial or Whig-Radical
interest is declining throughout the country. At the
last election the majority in favour of Mr. Cowper, in
eompetition with Lord Mahon, the canvass on the part
of the two candidates having been equal, was seventy-
two. /esterday the majority of the same gentleman in
competition with a Conservative Candidate,who had cone
into the field at the eleventh hour, after the Ministerial
party had been at work for several days, was nineteen.
These are unquestionable facts, and facts of much
greater value than the mere possession of the seat in
such circumstances as have for a time assigned it to Mr.
Cowper." This is exquisite logic, and comes with
peculiar propriety from a journal which has been preach-
ing up the doctrine of a Tory reaction for the last
twelve months. The Tory candidate has failed at
Hertford, therefore Toryism is palpably on the increase,
as respects popularity !
The Times contains a whining, lachrymose leading
article on the stale topic of Sir Robert Peel's resigna-
tion ; and in another on the Hertford election, attri-
butes, after the usual mendacious Tory fashion, the re-
turn of Mr. Cowper to bribery. " The Whig-Radical
slanderers," observes our Contemporary, " have little
reason •to congratulate themselves on their triumph.
Indeed no respectable man in Hertford doubts that if
bribery had not been resorted to, Sir M. Farquhar
would have been the successful candidate, notwithstand-
ing his late appearance in the field." A direct charge
of " bribery" is the only means the Tories have left, of
glossing over their signal defeat at Hertford : we have
no doubt therefore that they will stick to it, despite its
falsity.

The Morning Chronicle still continues to urge Mi-
nisters
to a prompt and brisk onward movement. We
subjoin our Contemporary's remarks on this head :
" On two points there is an agreement, all but uni-
versal, is the organs of Reform. The one is, the
absolute necessity that the Government should be
constructed on the progressive principle ; and the
other, that there should be some prompt and dis-
tinct indioation of that fact by the adoption of a dif-
ferent tone from that which has of late prevailed,
and the introduction of measures which, at least as
first fruits of a coaling harvest, shall tend to satisfy
the country. We do not say this is as expression of
distrust, but to point otit the embarrassment and danger
that must needs arise from allowing any degree of popu-
lar distrust to remain. It is impossible to suppose
treachery in the pledge of support to the Queen in her
resistanhe of Tory oppression. The pledge to the
Queen is pledge to the country also. It implies and
includee aft adoption of the only means by which a
Liberal Government can possess strength."
The Morning fireiyild is quite in ecstacies with the
defeat of the Tory candidate at Hertford, which our
Contemporary seems to think will be a heavy blow and
a great discouragement to Ministers. " This result,"
says Grandinamina," will be felt ley Lord Melbourne at
this crisis as a heavy blow and severe discouragement.'
The bed-chamber plot has already spent its force. The
abuse of the Queen's name is even now beginning to
lose its efficacy ; and before the lapse of another month,
the Whig Ministers will find themselves enmeshed more
inextricably than before,in the results of their own crooked
councils !" We trust that. Ministers will receive many
more " great discouragements" of this sort, if only to
soot!) the agitated nev res of Toryism.
The Morning Advertiser speaks of the Tory opposi-
tion to the Ministerial plan of national education in the
following terms :—" We are bound to express our in-
dignant conviction that a more criminal attempt never
was inside by the high Church faction than that of foil-
ing this equitable and benevolent proposal for educating
the people. We say it is criminal, because it has
been proved by statistical details that the most certain
effect of popular education is to diminish crime. It is
is wally impolitic as criminal, since an uneducated people
are alone capable of being moved into turbulence by
the inflammatory arts of demagogues. For our part,
we give cur uequalified approbation to Lord John Rus-
sell's plan."

MONEY MARKET and CITY NEWS

TIMES.—It will he seen by the accounts from Dublin
that the Bank of iroisud is about to follow in the wake of
the larger craft, by also makin4r an advance in the rate of
interest, showing that the lesson and the reprimand given
ert the last occasion of the kind have not been without
ti!sir effect. hut there is e.n additional security fur good
htbaviour, a taliarter at issue in the case cf the Irish Bank,
for the.result of whie!=: there must have been great ruis-
givings-at the time when the Whigs announced their resig-
nation of °face. They matte up titeic minds, of course,
now to have it all th:if Owls way, and whether their friend
Mr. Spring Rice has to sustain an irnpeachnieLA afterwards
for it or not, is a matter with the of supreme Meat:recce.
ti bey believe him to be f,r all such purposes a perfectly
safe cud. Had Sir It. Peel, who is known to inherit the
opinions constantly eap:et,sed by Lord Li;: spool and Mr.
flusiiisson on hankie;, monopolies, succeeded to the Trca.
Fury, they stould not have valued their privileges at two
years' purchase. rhr .®former:;, co called, because in
respect to banks the abettors and perpetrators of the worst
abuses.

By the cdvicag from Hamburg the price of gold is
4344 per mark, which at the English Mint price of
:3/. 17s. 10id. the ounce for standard gold, gives an ex-
change of 13. 91., and the exchange at Hamburg on
London at short b,irg 13. 6., it f@llows that gold is 1.63
per cent. dearer at Hamburg- than in London.
The paemium on gold at Paris is 10 per mille, which, at
the English Mint price of 3/. 17s. 100. the ounce for
standard gold, gives an exchange of 25 40, and the ex-
chang►e at Paris on London at short being 25.20, it fol-
lows that gold is 0.80 per cent. dearer at Paris than in
London.

The course of exchange at New York on London is
108 f per cent. and the par of exchange between En-
glasd and America being 109 23.40 per cent. it fel-
iows that the exchange is 1.07 per cent. against England.
Since the Bank resolution for raising the rate of dis-
count, money has become much easier both in and out of
the stock-market, and loans or discounts may be effected,
as in ordinary times, on lower terms than the fixed rate at
the Bank. When a pressure for money is felt the case is
reversed, and therefore it may be assumed, that for the
present at least no difficulty is cxperiened, so far as the
metropolis is concerned, ip respect of money accommoda-
tion. This state of the money market has acted favourably
on the funds. Consols improved slightly, and at the close
were 93i to for money, and 031 buyers for account.
HERALD.—Money has become rather more easy to-
day, both in the commercial discount markets and on the
Stock Exchange; and, with regard to the continental
exchanges, there has been a slight approach to further
amelioration, with the exception of the quotations on
Paris. The rates quoted are on Paris 25f. 521 c, a 55c. ;
on Amsterdam 12 2,i; on Rotterdam 12 22. a 3 ; on
Antwerp 12 2 a f ; on Hamburg 13 91 a 10 ; and on
Franli fort 150 f a a or f.
Without any yarticular manifestation of business to-day
we have to note an advance in the value of the British
securities.

In the Foreign Market there has not been much altc
ration.

The state of the Share Market requires no more obser-
vation than that jobbing in doubful speculations appears to
be at a stand-still.

It is intended to open the London and Croydon
Railway for public traffic on Monday.
PEACE SOCIETY.—Last evening, the annual
meeting of the Society for the Promotion of Permanent
and Universal Peace, took place at the Friends' Meeting-
house, Houndsdictch. It was most numerously and re-
spectably attended, the assemblage, as might be expected,
consisting chiefly of female and male members of the
Society of Friends. At six o'clock the chair was taken
by G. Bennett, Esq., who explained the object of the
meeting. A gratifying report of the proceedings of the
Society was read by the Secretary.
DRUNKENNESS AND SUICIDE.—On Satur-
day night a ccstermong,rer, named Wright, of dissipated
habits, living in Baldwin's-garden;, Gray's-inn-lane, ter-
minated his existence by hanging himself. It appears that
deceased bad beer, out with his wife all day on Saturday
at the Hole-in-the- Wall public house, both drinking very
hard. About seven o'clock in the evening he sudienly
jumped up frcirn his seat, and slapping his thigh, said,
" Now I shall go and hang myself," and immediately left
the house. Not returning, a friend went to his lodgings,
and receiving no answer to his repeated knockings, be
burst open the door, and then discovered deceased sus-
pended by his neckerchief to a nail in the wall. He was
immediately cut chiwn and a surgeon sent for, but he was
quite dead.
THE WEATHER AND THE CROPS.—Although

,• the accounts from the country are highly favourable with
regard to the growth and general appearance of the corn,
yet the very unseasonable weather which has been expo-
rienced in the course of the week has had a most baneful
effect OR the fruit trees, which are nipped to a most ex-
traordinary
degree, particularly the wail fruit which is so
cut that in some gardens scarcely a blossom has survived.
An extensive grower of this deseriptirai of fruit in the
fleighbohrhood of Uxbridge estimates his losses at 4001.,
and there is no doubt that the injury sustained by all the
foegard trees has been equally severe. On Wednesday,
within twenty miles of the metropolis, the ground was co-
vered seficral inches thick with snow, which being suc-
ceeded oq a sharp frost, the destruction to vegetation was
iocalculable.
PASSION FOR DRINK. The Lord Mayor,
bet, r. 3 whom several drunken persons were brought on
Tuesday, said in reforence to the temperance procession,
ti
k he wished the drunken customers of the Mansion
[louse were under the guidance of the society. His
Lordship
gila-drinkie
the instaaces
extreme, aid
declared he' was particularly anxious that the
ladiesl could be prevailed upon to enlist under
the banners of
of
of female
t i a4sociation. Mr. nobler observed that
0f.4. intoxication were tYghtful in the
th,awtil
daily
yoccurrenee a 3 represented to the
Lord Mayor.
allude to one out of a thousand--
w,,L3
that of a mother, who o devoted to gin that, after her
I si paration from her husband, iooth thfret of her children
was an industrious man,
she actually took wi
the shoes fr
as the v- were goice- to school, and pawned them to procure
I
herself a treat of her beloved liquor.
e
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