The Sun.
London, England, 1839-01-25 00:00:00

THE SUN, LONDON, FRIDAY, JANUARY 25, 1839.

the Irish Press, but every one was silent on
what the Press had done for him. Is this Irish jus-
tice ? For the sake of Ireland we regret these out-
breaks. Mr. O'CONNELL has done much for his
country, but he has much still to do, and we can assure
him, that if he saw himself as others see him, he would
not impair his influence by making indiscreet at-
tacks on the Duke of WELLINGTON, whom all
respect. or create distrust among his supporters by
quarrelling so often with his hest friends.
Thus much with regard to Mr. O'CoNNELL'S ani-
madversions on the Dublin Press. But we have some
further remarks to make on the conduct of this gen-
tleman. In the speech wherein he attacked the Press,
I►e attacked also the Government—more especially
Lord NORMANBY, whom he commanded—indirectly,
it is true, but in a very significant manner—to punish
Lord OXMANTowN for his late speech at Tullamore,
by removing him from his office of Lord Lieu-
tenant of Kim's County, on pain of incur-
ring his (Mr. O'CoNxer.,e's), severest displeasure.
He should hold the Noble Marquis, he observed, "and
the entire Cabinet" responsible for the language held
by Lord OXMANTOWN. "By leaving him in office,
they took part with him." Let them hasten, then, to
make reparation to insulted Ireland, and remove the
obnoxious nobleman. Such is the spirit, if not the
very words, of Mr. O'CoNNELL'S speech ! Now, we
ask, is conduct like this to be endured ? Are Ministers
to be held responsible for every remark that may
fall from the lips of an Irish nobleman, and may not
exactly square with the great Liberator's notions of
justice ? Is he to be the sole arbiter of what is right
and wrong, and none to be allowed freedom of speech
but himself ? Because an OXMANTOWN may chance
to displease him, is an " entire Cabinet" to be
threatened with disfranchisement on that account ? We
entertain no ill feeling towards Mr. O'CoNNNEL. On
the contrary, we are among his best friends. We respect
his long public Services ; we respect his enthusiasm in
the cause of freedom ; we feel gratitude for the bold
stand he has ever made against Toryism ; but were
he ten times the man he is, we would scorn to wink at
his follies, or to act as his flatterers or sycophants.
Actuated by these feelings, we now take leave to tell him
that by his present course of conduct he is doing him-
self, and the cause which he professes to have so much
at heart, irreparable injury. We are no very ardent ad-
mirers of Ministers, but does Mr. O'CONNELL suppose
that by flattering them one day, and abusing them the next,
he will be likely to further the cause of Ireland ? Who
will pin his faith en a man who appears not to know
his own mind for two days together, but at the mature
age of sixty-three shows the rashness and im-
petuosity of twenty-six ? Among other threats
with which be no doubt hopes to scare Minis-
ters, Mr. O'CONNELL tells them that henceforth
he is wholly for Repeal. He is now, he says, a Re-
pealer. Be it so. Let him raise his war-cry ; let
him summon his vaunted millions to action, and pro-
claim the imperative necessity of his pet-Parliament
on College-green. What will be the inevitable result
of such frantic agitation ? The utter destruction of
every plan of Reform that Mr. O'CONNELL has been
so long advocating for the interests of his country !

By a letter, which appears in another part of The
Sun of this day, on the subject of the " Houseless
Poor," and which is signed by a " Guardian of the
Poor," it would seem that the Committee of the In-
stitution for the relief of such destitute individuals are
strangely mismanaging matters, for—so our Correspon-
dent assures us—" their Asylum for the Houseless is
not yet opened, and January is drawing to a close."
This is a matter which should be inquired into,
especially if report speak true, that the Committee
have " a fund of somewhere about ten thousand
pounds at their disposal." We know of no period
when—thanks to higher prices and Corn-law monopo-
lies—there has been a greater amount of misery in the
Metropolis, than exists there at present ; ordinary
justice therefore demands, that the Committee of a
great public Institution, like that for the support of
the houseless poor, which has it in its power to do so
much good, should actively bestir itself, and render
such explanations as shall account for, what must at
present appear to many, its culpable mismanagement.

Madrid Journals of the 16th inst. have been re-
ceived to-day. They bring the copy of a despatch
addressed by General ESPARTERO to the Carlist
chief, MAROTO, complaining of brutal infractions of
the Eliot convention, and threatening reprisals. Were
tSPARTERO other than the cowardly braggart that he
is, he would drive the rebels out of the kingdom in-
stead of wreaking his vengeance upon them by the
murder of a few defenceless prisoners. He appeals to
Europe in justification of his conduct ! To that tri-
bunal he is only:known as a traitor to his country, and
an enemy to liberty.

The Moniteur of Wednesday, which we have re
ceived, together with the other Paris papers of the
same date, officially announces the dissolution of the
Ministry. This event has been so long and so confi-
dently anticipated as to excite no surprise in any
quarter. As we stated yesterday, the resignation of
Ministers took place on Tuesday after the vote of the
Chamber of Deputies for the appointment of Chair-
men of Sessional Committees. The KING immediately
sent for Marshal SOULT, and at a later hour in the
evening for the Duke de BROGLIE; but it does not
appear that his MAJESTY came to any determination.
Nor was M. TRIERS idle. His great task was to
keep the coalition from splitting ; and his success,
notwithstanding the personal exertions of the KING,
was really extraordinary. Louis PHILIPPE has
two grand objects in view, for the attainment of
which he has laboured incessantly for the last
four years. The first is to retain the virtual
Presidency of the Council, and thus direct the
national policy without the onus of responsibility ; and
the second is to carry his own measures in the Chamber
by means of a majority devoted to the will, not of
the Cabinet, but of himself. The first of these objects
the Presidency of Count MOLE enabled his MAJESTY
to realize, and towards the second he has so far suc-
ceeded as to command two hundred votes in the
Chamber. As the complete success of the KING
would render the Charter a nullity, M. TrifElls, and
those who have joined him, are determined to destroy
the unconstitutional influence attempted to be esta-
blished by the Sovereign. They see France in a fair
way of being enslaved, and they have patriotically de-
termined to unite for her emancipation from a regal
yoke. The KING can now propose terms to any
Minister, not only as head of the Executive, but as an
individual commanding two hundred votes in the
Chamber—as the great boroughtnonger of France ;
and to put an end to this system M. THIERS proposes
that the successor of Count MoLE shall be able to say
to the KING, " Sire, I am indifferent to the number
of your friends in the Chamber; the measures which
I shall propose, with the consent of your MAJESTY
and the approbation of my colleagues, and for which
I shall hold myself responsible, will command the only
majorities by which I desire to be continued in the
service of the Crown." These are the considerations
which really give importance, in a constitutional point
of view, to the appointment of a new Cabinet in

France.
This day (Friday) was fixed for the departure of
the Royal Family to Dreux, to he present at the in-
terment of the remains of the much-lamented Duchess
Of WURTENIBERG.
Rear-Admiral BA UDIN has been nominated Vice-
Admiral by the KING, for his services in the Gulf of
Mexico.
The high price of bread continues to endanger the
tranquillity of France.
It was affirmed to day on change that the protocol which
imposes on Belgium the execution of the twenty-four articles,
with new conditions as regards the debt, and without modifi-
cations as regards the territorial question, is definitely signed
by the Five Powers. Thus all the reports of further delay,
solicited by France, falls to the ground.
An English squadron will take up its position in the Scheldt
while our troops will line the southern frontier of Belgium,
such at least were the reports in some circles.
The concentration of our troops is a precaution in case the
Dutch, taking advantage of the refusal of Belgium to adhere
to the new protocol, should attempt, as in 1831, a dash at
Brussels.—Le Temps.
BOURSE—Pents, WEDNESDAY, JAN 23.

HALF-PAST TIIREE.—Owing to the state of the weather, the estafette
mall yesterday waited at Calais until three-quarters past three for the
English letters, which were subsequently taken up at Boulogne, the
packet not having been able to make Calais. The letters werr to day
delivered in consequence at noon. For the Account the Three per
Cents, opened at 78f. 75c., declined to 78f. 70c., rose to 78f. 80c., and

closed at 78f. 7:.c., a fall of Sc. The Five per Cents. from I I Of. 55c'
fell to 110 f. 45c., and closed at 110 f. 50c., a rise of se. For money,
both the Five and Three per Cents. are sc. hicher. The Lafitte Sank
I,ooof. shares are sf. and those of 5,000 f. arc 201. lower. The Belgian
Five per Cents, unvaried. The Bank Shares 2f. 50e. lower. The
Spanish Active is -,} better; from 184 it declined to 181, and closes at
ISd. The Portuguese Three per Cents. fur the Account 22; and the
Five per Cents., 34. Nothing new in Railway Shares.
First Highest low st Laq
Price. Price. Price. Price.
Fre:lth 5 per Cents.
4 per Cent'.
3 p r Cen,s 7B 50
~, 7-1 so ... '73 75 ... '875
Bank of France 2631 _2625 -.2615 ....625
Latitte Bank 1,00.. f. Sli
5,090 f. Sh
Belgian 5 per Cents.
Ba. k 575 ... 575 ... 572 50 ... 572 50
Coupons
Spanish A cti . e
Passive
Portuguese 5 per Cents.
Nozw-li tail
Roman lOl ... 101 ... loi ... 101

One month,
paperE, X,2717A:cGEm0nNey!..2„0,,f,15)(0
9.4 f. lh 34e., money, 21f. 90e. ' '
RAILWAY SHARES. three months, paper,
St. Germain 593 ... 5:411 ... 590 ... 5!)0
Ye .sailles, R.B.
L.B.
Rouen
Orleans 452 5 ) ... 452 50 ... 452 50 ... 452 50
St.rtsburgh to Bale 347 50 ... 347 50 ... 347 50 ... 3t7 50
Bordeaux to La Teste 4lO ... 410 ... 405 ... 4 5
- - -

AUSTRIAN FUNDS.—VIENNA, JAN. 13.
Five Per Cents. Metalliques
Four per Cents.
Three per Cents.
Bank Shares l4BO
—AligemeineZcitung. Jan. •.:0.

LORD J. RUSSELL AND THE CORN.

LAWS, &c.

( From the Morning Chronicle.)
The following important letter from Lord John Russell on
the subject of the Corn-laws was read by Charles Stanton,
Esq., the Chairman, at a meeting of the inhabitants of Stroud,
called to consider the propriety of petitioning the Legislature
for their repeal, held in that town on Wednesday last. It will
be seen that his Lordship advocates a moderate fired duty on
corn. It is for the interest of all classes, the agriculturist as
well as the manufacturer and trader, that the repeal should be
total and unconditional. It is time that an end be put once
for all to a system which is fast undermining the foreign com-
merce of the country, and is as injurious to those who have
capitals embarked in agriculture as in manufactures, by
closing foreign markets against British industry, and raising
up rivals in every direction. A moderate duty is a less
evil than a high duty ; but why should we subject the indus-
trious part of the community to any disadvantage in its compe-
t:tion with foreigners? We have no hesitation in saying, that
the people of the great hives of British industry arc so strongly
impressed with the mischievous nature of all protecting duties,
that they are determined no longer to be the victims of the un-
just policy of the landowners, by which all are injured, while
none are benefited. In the charges on importation, the manu-
facturers are already subject to a heavy duty, which adds consi-
derably to the price of food in this country, and consequently
has a tendency to draw caiital to countries where food is
cheaper; but they do not of course repine at this, which they
feel to be an inevitable disadvantage. Lord John states, and
states truly, that " it is desirable not to alter too frequently the
laws by which the direction of capital and the channels of in-
dustry are regulated ;" and as his Lordship thus declares that
the present laws cannot and ought not to be maintained, true
policy as well as justice demand that we should abandon all
half courses, and proceed at once to settle the question on fair
and equitable principles. The time for trifling is gone by ; for
the country will now be satisfied with nothing less than justice.
" Whitehall, Jan. 21, 1839.

" My dear Sir—lt is out of my power to absent myself
from London at a period when the session of Parliament is so
nearly approaching. I should otherwise have felt it incum-
bent upon me to attend the meeting of my constituents upon
the subject of the Corn-laws. I gave my support to the bill
of 1829, considering it an improvement on the former prohi-
bitory system ; but it is my opinion that a moderate fixed duty
would be more advantageous, not only to trade and manufac-
tures, but likewise to agriculture, than our present fluctuating
scale. It is desirable not to alter too frequently the laws by
which the direction of capital and the channels of industry
are regulated ; but it is also desirable not to maintain a system
of duties which, as experience has shown, increases the high
prices of dear years to the consumer, and depresses the low
prices of cheap years to the producer.
" I give you this as my individual opinion ; but it is one
which I shall be ready to support by my vote in the House of
Commons. I remain, my dear Sir, yours, very faithfully,
"J. RUSSELL."

FITE MARKETS.--(THiS DAY.)

COkN EXCHANGE.

'Fills week's arrivals are good. The prevention of exportation of
Corn from France has caused the factors to hold Wheat more firmly at
Monday's prices. Barley, Beans, Pease, and Oat?, remain as last re.
ported. Flour is still very heavy, and ship parcels are lower.

ARRIVALS
Wheat. Barley. Gate. I Flour
I
3,310 qrs 22,6 N) qrs. 7,430 qrs. 11,240 acka
I i 11,163

English

Foreig I. I 10,800

Supply good, and trade brisk.
Mutton was a trifle lower. Vea:

Best Beef
and Pork sui

--- brls.

was 2d. per stone dearer.
ipported former prices.

MONEY AND COMMERCIAL NEWS.

CITY (THIS DAYj, TWELVE O'CLOCK.

LIVRRPOOL COTTON MARKET, TIIITRiDAY. —The demand
for Cotton to-day has been to a fair extent. The sales, 4,000
bags, of which 500 have been taken on speculation, at previous
prices.
Sydney Papers have been received to the Bth Sept. :--
EMIGRATION.—By a return laid before the Council, it ap-
pears that applications, under the Bounty system, have been
made for leave to bring out 3,000 married couples during the
ensuing year.
LEGISLATIVE COUNCIL.—Upon the Order of the Day for the
further consideration of the Estimates for 1839 being called,
the Colonial Secretary moved that the following sum be ap-
propriated for the support of the Sydney Police ; total-
-14 377/. 19s. 2d.

VAN DIEMEN'S LAND.—A great number of persons were
daily leaving Van Diemen's Land, many of the very oldest
and most deserving colonists, seeing no prospect of supporting
themselves.
In consequence of the colonial revenue falling off so rapidly
as to compel large sums to be borrowed from the Commissa-
riat, it is reported that the Government have an intention to
put up for sale by public auction the whole of the extensive
Government paddock at Hobart Town, in suitable allotments.
About two ton weight of specie arrived in Hobart Town from
Launceston, on the 18th August.
The Legislative Council of Van Dieman's Land has been
prorogued to the 16th October.
It may not be generally known that good bills on London
are now at a premium of two per cent. in Launceston, in con-
sequence of which the respective banks are on the qui vine to
meet the demand. The Australian Bank has taken over from
Launceston a waggon load of dollars to be invested in Trea-
sury Bills at par, to be sent to London to meet the Bank drafts.
We have no arrivals as yet of the American packets of the
Ist instant.

business doing THE FUNDS.
Consols may be quoted at present at the leaving off prices
of yesterday, 921 -a for the Account; Money, 924 1; little
as yet.
The speculators are waiting to ascertain how the Belgians
will recive the signatures of the Five Powers to the Protocol.
Exchequer Bills, 65 67 ; India Bonds, 62 64; Bank
Stock, 9.02 3 ; India Stock, 254,4 51.
In the Foreign Market the chief speculation is' again in
Spanish Active, which maintain the price 20+ 1, rather an
improvement on the leaving of price of yesterday, owing to
the confirmation of the resignation
.of the French Ministry.
Portuguese, same as they closed 35i 6;1; Three per Cents.,
221 3+ ; Belgian, 984 9 ; Brazilian, 781; Colombian, 281 9 ;
Mexican, 24+1; Dutch Two-and-a-half per Cents., 54k si;
Five per Cents., 1024
PRICES OF STOCKS THIS
Bank Stock .'o2Vz 3,
:1 per Cent. Red. .............. 9!,44
3 per Cent. Cons. ..................
31., per Cent
Ditto Red
New 3% per Cent .................. 99704
New 5 per Cent. ..................
Bank Long Annuities toexpire _
Jan. 5, 1860 l5 1-16 15
Oct. 10, 1859. -
Jan. 5, 1860 ......................
Jan. 5, 1881 "- -
April 5, 1890 .....................
Jan. 5, 1870 .....................

DAY AT ONE O'CLOCK
India Stock
Ditto Bonds
S(
)oltdu lAt Seai, u iSt ti oe
,c
k pm.
New Ditto
3 per Cent. Annuities, 1751 —
blxit etho. Bills,
£1,00050
Ditto Small 6B 0i pm
Ditto Commercial — pm.
Ditto Advertised
Bank Stock for Account -
India Stock for Account
Consols for Account . 92%
HALF-PAST ONE.
Consols continue steady at 921 i for the Account, Money
92 Exchequer Bills, 67 ; Bank Stock, 2021 3; India
-11 ;
Bonds, nothing done; India Stock, 2541.
Spanish Active continues improving, 20 Portuguese,
.i
351 36 ; Three per Cents., 2.2 - 3 ; 77 :
Belgian, 981 99; Bra-
zilian, 78/ 9,f; Colombian, 28,1 29 ; Dutch Two-and-a-Half
per Cents., 54i 5k ; Five per Cents., 10.1 i LI
if.
THE FUNDS.—CLOSING PRICES
nrt.ITIsH FUNDS.
Bank Stock ... ....................... 2,03 , Indiai tack 254
............ A%
,Ditto Bonds
3 per cent. Red ......... 64
3 per Cent. Ccas ...................... 021.2, , Ditto Old Annuitie• 91%
5(4 per Cent. Red ................. 90 4 (Ditto New Annuities
New 3(4 per Cent .................. 99% 1... x. Bills, 1,000/ ..Nd 64 pm.
Ncw 5 per Cent ... . .................. Ditto 5001 415 pm
Long Annuities to expire 5
1
. ... Ditto 5001 65 pm.
Jan. 186 1 .................. .. Bank Stock for Act.
0ct.1859 ..................... India Stock for ...t 055
Jan. 18(10 ..................... IConsals for Act 04.,
FOREIGN FUNDS
iPortuguese Bonds, 5 per cent 7!IA
Asturian, 5 per cent... ............ 7
, Ditto. New Ditto ....
Belgian, 5 per cent .................
79 35%
Brazilian Bonds ..................... 7S ~, Prussian, 5 per cent —
Buenos Ayr, s, 6 per cent.
IRussian Bonds, 5 per cent —
Chilian, 6 per cent .................. IDitto, Metallic
Colomb.an, 6 per cent (Spanish, 5 per cent -Tl%
Ditto, 15.4.......• 1:81._:. , Ditto, Consolidated
Danish, 3 per cent — !French, 5 per cent. 110 f. 05c.
Greek Bonds, 1825, 5 per cent — Exchange
Mexican, 5 per cent. — French, 3 per cent —f. i .
Ditto, 6 par cent.. 1845 2 lei Dutch, 21% per cent.
Peruvian, 1825,6 per cent........ 18 Ditto, 5 per cent. 102%
(CLOSING PRICE OF SHARES.—(THIS DAY.)
Eastern Counties Railway , ........
Edinburgh and Glasgow Railway ill
Great Western Railway „ ~.... 75
London anclißrighton Railway
.London and Blackwall Railway
London and Southampton Railway
London and Cioyclon Railway
London and Croydon Railway (New Scrip)
Manchester and Leeds Railway
Manchester and Birmingham Railway 9b,,,North Midland Railway .....
...

In the case of the Eton College v. the Great Wes-
tern Railway Company, the Lord Chancellor this day decided
rgainst the Etonians, by dismissing their appeal from the
Vice Chancellor's judgment, with costs.