The Sun.
London, England, 1839-03-08 00:00:00

COURT C RCU LAR.

METROPOLITAN POLITICAL

SUMMARY.

The recent debate§ in the House of Commons on the
efftirs of the Navy, form the stthjett Gr a leading article is
the Tines of this morning, who epealia thus, justly and
pointedly, aboet the inadequacy of the retiring pensions
allowed to naval and relliteey men :—" With regard to the
retiring pay or pensions allotted to naval men, as well as to
military officers, they are, in the estimation of all honour-
able minds, cruelly and scandalously narrow. What, an Ad-
miral, after siity years hard service, and oftentimes respofiii-
bl, for the safety of half the British empire, screwed down to
ss than 7701. a year; and tt Cietietal without a regiment, after
an equal period of exposure to all sate of easualties ; and
sftcr laying out 6,000/. on his commissions, roughipg, it in
the evening of life on 4001. per annum ! an Mite-
late clerk, who hat borne no exposures of any kind, and
possesses no knowledge of any bind, twit of the mechanism
of a copying machine, or the balancing power of a stool
en four legs—a personage who has been fingering fees and
playing j,ek-in-eflice for a score of years or so, retires
with 1,000/. a year 1 There is no equelity in this, and no
integrity; and with all deference to the one-sided sagacity
of Mr. JOSEPH HUME, the nation must 110 t, suffer it to en-
dure much longer."
Speaking of the late discussion in the Commons on the
Irish Railway question, the Morning Chronicle ob§crves :
" The question is, after all, very simple. Shall Ireland
be left, as it is, a disgrace to the empire, and a constant
source of aprehension and expense; of shell we fairly
grapple with the disease, by making those eMiftioils by
which alone we can hope to effect a radical cure ?"
The Morning Herald h again full of all sorts of appre-
hensions respecting Ireland, and the Integrity of the Bri-
tish Empire. Alluding to last night's discussions in the
Commons on the subject of the sister country, our Con-
temporary observes as follows :—" The general result of
the discussion must be, to strengthen and diffuse the im-
pression that the state of Ireland is beeoming more alaim-
ing every day; that there exists in that country a widely-
spread and deeply-rooted conspiracy agair:st Rotes-
tent life and property ; that of that conspiracy the
Queen's confidential advisers are virtually the head ; that
the conspiracy in question is prosecuted by mesas which
. .

deprive kela-nd of claim to nnl: among civilized cour.•
tries ; and that unless the reign of law shall be apeedil,3
restored, he'and must inevitably, and at no distant period.
cease to render allegiance to the Crown of England."

MONEY MARKET and CITY NEWS

lIER ALD.—T he revived and daily increasing specula-
tion which is now carried on in cotton of the United States
staple in the Liverpool market, for the account of our Lan
cashirc mmufaCturers, commands gencial attention, Of
the sales effected yesterday, which amounted to 30,000
bales, it appears that 18,000 bales were taken on mere spe-
culation, and the diff. rence tor absolute consumption. This
LOW tide of speculation.' is justified on the ground that the
supplies of raw cotton front the United States, up to the
Ist of last January, were more than wttally short. This
circumstance, however, is no proof that the cotton crops
of the last year iu the United States were by any means a
failure, or that such a rcsult is truly anticipated with re-
gard to the conning crop. It, however, eppears that the
gloater p%rt of the sales effected yesterday in Cotton at
Liverpool were for the account of Messrs. Humphreys and
Biddle, the agents of the Bank of the United States,
which establisbetent, in consequence of the large amounts
of the, Cotton staple from the Southern and Western
States that has then hypothecated with them by the cul-
tivators during the last autumn, and, in fact, during the
who!, of the past year, have had it in their power to govern
the supplies of tint material to Brtish and other European
markets with a nicety that for a time must ensure them
large profits at the exi,ence of our manufacturers.
This, we believe; is the true cause of the present specu-
lation and the advance in the prices of raw cotton, whilst
policy has directed the present, and, we may say, coming
sales of the staple on account of t'ne United States Bank,
since it is well know n that the rival monetary establish-
meats of that powerful institution have lately been follow-
hug precisely in its wake, and that they must; of course,
also resort to European markets to realise their advf:noes.
Should it turn out, however, that our manufacturers arc
justified in fully increasing their stocks, and in buying raw
cotton at the advanced rates, it will prove one thing, if
nothing else—viz., that they have been crying out " Wolf,
wolf," against tine Corn-laws, without just cause. In
therefore may be argued, if that cry is again repeated, that.
it will neither merit nor acquire much attention from the
other prtions of the community.

Asturian, 5 per cent
Belgian, 5 per cent • 101 i 4
Brazilian Bonds /id%
Buenos Ayr_ so 6 per cent —
Chihan, 6 per cent —
Columbtan, 6 per cent. —
ditto, i 824
Danish,l 3 per cent —
tireek Bonds, 1825, 5 per ct —
Mexican, 5 per cent —
Ditto, 6 per cent., 1825 —
Peruvian, 1825,6 per cent--
SHA i
3ristol and Exeter Railway
Cheltenhan• and treat Western Raiway ' 1
Edinburgh and Glaszow Railway lO%
Hull anti Selby
Londo, and Brighton lttilway .., lO%,
London and Blackwall Railway...
L neon and Birmingham Railway Ifki,v
Ditto S2ti irter Shares
London itntl South.impton Railway 43
London and Croydon rtaiiway (New Scrip) .. ii ti
Manche Aer and Birmingham Railway ..... .l, p
, 1
Ditto to
_dit Extension

The Royal Dinner Party at Buckingham Palace, on
Wednesday evening, included the Earl of Mulgrave, Vis
count Melbourne, Lord Byron, Lord Barham, and the
Right Hon. Sir George Grey.
Her Majesty honoured Mr. W. C. Ros!=, A. R. A., with

a siting yesterday, for a large miniature picture.
The Right Hon. George Stevens Byng joined the Royal
circle at dinner last evening.
A D,Tutation on the subject of Australia, consisting of
Mr. Mn Abel, Smith, M. P., Mr. T. F. Hodges, M. P.,
Mr. R. Haft Davis, Major M'Arthur, Mr. J. W. Buckle,
arid Mr. W. Walker had an interviz:w with the Marquis of
Normanby yesterday at the Colonial-office.
A Deputation composed of the Lord rtdvocatn of Scot-
land, Loid WLarncliffe, Lord Stormont, Sir William Rae,
Sir George Clerk, and Mr. Colquhoun bad an interview
with Lord J. Russell on Wednesday, t the Home Office.
Mr. Lccesne and Mr. Russell had an interview with the
Marquis of Normanby yesterday at the Colonial office.
iscoutt Melbourne was indPsposed yesterday.
Dr. LuThington and Mr. G. Nicholls had interviews
with Lord John Russell on Wednesday at the Home Office.
Mr. Justice lialiherton (of N-rva Scotia), the Ag: nt for
Jamaica, Colonel Angelo, Rev. R. Taylor, Mr. Lavergne,
and Captain Pringle, had interviews yesterday at the Co-
lonial Office with th. Marquis of Normanby.
The Right Hen. T. Grenville entertained on Wednes-
day the following select party at dinr.er Clare,
Lord and Lady Mahon, Lord and Lady Bray brooke, Hon.
J. and Lady Oco;giana Stuart Wortley and Mr. Rogers.