The Sun.
London, England, 1839-11-19 00:00:00

tion :

" But without further reverting to the past, the main
question now is. what is to be done ? for if something be
not done to alleviate even the present pressure for mo-
ney, not to say avert any further application of the screw
there will to a certainty, before winter is over, be not
merely broken merchants and manufacturers, but broken
heads throughout every corner of the kingdom. We shall
have not merely stoppages and bankruptcies, but what is
even worse, an immense population thrown out of employ
from the shutting up of manufactories, and the abandon.
ment (for a time) of all railway undertakings, and other
great public works now in pr, gress ; for it is but too well
known that our manufacturers have been for long too
closely competed with by those of the Continent, to afford
to pay six or eight per cent. interest for money ; and that
as Railways, and other such works, are restricted by Act
of Parliament from borrowing money at more than five
per cent., many if not all of those requiring to take up mo-
ney on debentures, to enable them to go on (and there are
a vast many in that predicament), must of necessity stand
still. Well, then, what is to become of the hundreds of
thousands of unwashed artisans and brawny labourers thus
thrown out of employ, and left to find food for their fa-
milies, with the loaf at 10.1. ? What are they to do, we
repeat, save riot ar,d be sent to jail ? And what is to be-
collie of their helpless wives and children throughout a
long and dreary winter, unless sheltered by the work-
house ? And all this misery merely to save the pride of
the Bank of F
" We are n'onglal'd I
but this we will say,
disposed. to counsel violent measures ;
to protect the say, that if Government do not interfere
'Community from the consequences of bad
legislation, the
And that, in the present
ought to try and protect itself.
eritinstance, can easily be done by
uniting to Stop t Bank ; for it is as clear as the sun
at noon day. that if the
community do not stop the Bank,
the Bank will stop the
which would be the greater
; and we all know
evil. Like a woman with
child, the sooner delivered the
the sooner that the Old Lady sooner. well, arid therefore
r and sure we are, that the day of put to bed the better ;
ever known in the city of London,nerreatest congratulation
king-
dom, will be that on which, she throughoutßkh the
acknow-
ledged its incapacity to pay in gold,the Screw is
required. The Bank may prolong a painful
existence
longer
a month or two longer, or even struggle through sttehnLe e forie
in which she is now plunging ; but if she should 'm..
even-
tually succeed in doing so, it can only is
-e at a much
greater sacrifice of character than she would forfeit, by at
once suspending her payments in gold. '
Although we by no means agree with the au.
thor's recommendation to compel the Bank to stop_
having ourselves a better remedy, we think, fdr the
present disorder—that such thoughts are entertained
i and seriously proposed to be acted on, indicates that
property,notwithstanding the care of the Legislature,
is exposed to great danger from a nearer source than
the erring doctrines and the violence of the Char-
tists. In truth, one species of property—stock in
trade, Sze.--is ruinously depressed by the present
aiidii
oper sof the Bank, and those who feel that de-
pression call out for a stoppage of the Bank, which
would have an equally ruinous effect
on fixed in-
comes and other species of property. While the
( Legislature is providing for the security
of property