The Sun.
London, England, 1839-12-14 00:00:00

EMBI4III 14 18P9.

either by ascertaining , in so satisfactory mode their
1 several chances of sticces.;.-a.ncrtilio*ing that candidate
only to 'stand who has the greatest number of. Liberal
' votes in his favour, or by some other means, to arrange
their differences, and..unite cordially' and with energy,
in support of one,- and one only Liberal candi-date.
Of the three Liberal candidates mentioned for South-
wark, we mean to pass no opinion of
.their several
qualifications, wishing to. leave the thetors to their'
unprejudiced discretion:. And of the OpOsition can
didate, Mr. 1% alter, *c shall say nothing
_at
_Pre.Sent..
Messrs: Hume, 'O'Connor, and Bolton king, are
said to 'intend offering themselves for the Liberal
suffrages of Birmingham:. Of Mr. HatifeVqnatifica-
tions it is unnecessary, to speak. Of Mr. O'Connor,
now that the ebullition. of his physical-force fury has
subsided, and he appears .to be somewhat, susceptible.
of the salutary principle of self-preservation, notwith-
standing be made a blockhead of himself in the Con-
vention, we see no great,objaction to his presence% St.,
Stephen's, where, in the crowd, his folly would ba less
remarkable. The other Libertircarididate, Mr. Belton
King, is a Whig. But, as already observed, we wish
not to, prejUdge tbe.eandida:e.s,ly comparisons or con-
trasts. Our only object is to effect an amalgamation of
the whole 'Liberal interest in favour of some individual
candidate, so that when the time for'action crime,' the
honour of the respective -boroughs may be preserved
from becoming the.racd:um of returning a.public enemy
to represent_it in the Legislature. .

SECOND EDITION.

THE FUNDS.-(CLOSING PRICES.)

r:IIITISII. FUNDS
!lank Stock ' • 17S 'i India Stack
3 per Cent. Bed
3 l'er Cent Cciis. — ! Ditto Old Annuitie —
iiX, per Cent. Red 9S%' :Ditto New Annuities .....—.
New 3',..i per Cent -,Ex. Bills, 1,000/ 9,1 ' ' .l'., dis.
New Sue.' Cent — Ditto 509/....... .......... 2 tits.
I.ng Stmuitles to expire •. • Ditto 5001. •' 3 dls.
Jah. 2660
.. 0ct.1859 ' India Stock for Act
Jan 1860
FOREIGN FUNDS—
•
Austnan,Almr cent • -1433 k Portuguese ilonds,spt.br cent.
Rclgian, srei c01t...—. ....... , Ditto. New Ditto
Brazilian Bonds 72 Prussian, 5 per Cent. —
Buenos Ayres, 6 per cent — Russian Bonds, 5 per cent....
Chilian, 6 per cent - — Ditto, Metallic
Colombian, 6 per cent 2216 Spanish, 5 per cent. 2311
Ditto, !S-24 • 25 Ditto, Deferred
Danish, 3 per cent — French, 5 per cent r. —c
Greek Bonds, 1825, Spec et. Exchange _f c
Mexican, 5 per cent French, 3 per cent r. -c.
Ditto, 6 per cent., 18.5 2B rhttch, 234 percent.
Peruvian, 1825.6 per cent.... Ditto, 5 per cent.
SHARES.
Eastern Counties Railway... •
..,4%
(ircat Western Railway
Ditto New Shares ~... 151,4
London and Brighton Railway 14%.
London and Blackwall Railway
Londim and Birmingham -Railway WO% '
Ditto Quarter. Shares Jill 9.1%.
London and South WeStern Railway - IN, '
Manchester and Birmingham Railway ... ..........
North Midland Railway .......
South Easton: and Dover 5
York and North Midland Railway • '3'4%

...... G

SPIRIT of the PUBLIC JOURNALS.

FROM THE EVENING PAPERS OF THIS DAY.
(From the Globe.)
We arc told that " the present Conservative party,
comprising all the friends of temperate improvement
among the modern Tories, with all the enemies of
organic change among the old reforming Whigs,
. has never yet been tried in the adminis-

tration of public affairs."r That the motley array,
now professing to combat under Conservative banners,
has never yet been so tried, is certain. It may be added,
that its nominal leaders have appearedin no great hurry
to try it : they Lave very plainly betrayed suspicions, cre-
ditable to their political tact, that the strange amalgam
which forms their opposition artillery is not eice prof
Ireland was the great obstacle in the way of his Ministry
—Sir Robert Peel admitted, in those same explana-
tions in which he also admitted the lack of her Ma-
jesty's particular confidence. What was thereupon
the course of " the present Conservative party ? " Did
they set about speaking the Irish fair, and courting the
Royal confidence ? Did they lay out their efforts to con-
vince all those whom it might concern, that "the present
Conservative party" were very different from the stubborn
old Tories ? No ! they incontinently flew into a passion
with the Queen and the Irish ; and forgetting that,
maugre their spite, a Queen and some Irish would
remain in existence,. they betook themselves, like chit
dren, to kick and scream at what they supposed the
oastacics to their instant restoration to the sweets of
office. They began to deal in terms the most gross
towards her Majesty and the Irish millions. If the
Tories had only turned inward their eyes, inflamed with
wrath and desire, they might have discovered that it
was really neither the Queen nor the Irish, so much
as the heterogeneous ingredients of their own party
composition, that disabled them from the grasp of
office, when it was placed fairly within their reach.
It is most true that " the present Conservative
party" have never yet been tried in the Govern
ment ; and we may add our belief that whenever
they are tried, they will fail. We can very well be-
lieve that there are many objectors to organic change
who. will alv'iays prefer a Ministry to whom -they
look for most resistance to such changes. But
what security can they find for resistance in
the ranks of a party, ;whose active zealotry urges its
councils to the most tremendous organic changes! What
it: no organic change to repeal " Popish" emanci-
pation ? Is it no-organic change to throw back Dissent
out of political recognition ? . Is it no organic change
in our colonies to undo (to please Henry of Exeter) all
that has been doing for nearly the last ten yea' s towards
religious concord ? Yet all this must be aimed at, were
the present Opposition in power—or all the most active
and energetic of their present supporters have worked
for nothing—or all the pretexts of their present war-
fare arc slieer, arrant, shameless hypocrisy !
(From the Courier.)
Depressed as• may be the condition of the cotton ma-
nufacture in this Country, it will not be pretended that
it equals that in Belgium, or has been experienced for
such a length of time. Bread is higher in price in Bel-
gium than in ordinary years, and wages arc lower regu-
larly than hero by some 30 per cent. perhaps, yet no
one, not even the suffering workmen themselves, are so
senseless and reckless as to cry out against " landowners
and farmers," as revelling in abundance," in seeming
mockery of the misery around. With cheaper bread after
all, and lower wages, the cotton manufacturers of Bel-
gium, it would seem, ought to be flourishing, in cons-
parison with those of England, where Corn-laws are
assigned as the sole exclusive cause of adverse markets
unsaleable stocks, and factories working short time.
when at all ! The situation of Belgium without prohi-
bitively protecting Corn-laws, being so much more dis-
a3tinus and of longer endurance than that of England
with Corn-laws, it would follow that Corn-laws can
either have no relatlon as cause to effect with the posi-
tion of either country, or that, as is the fact, their action
upon manufacturing industry is beneficial, and not
otherwise. Our Corn-laws can have no prejudicial
bearing, but rather the reverse, upon the industrial
state' of Belgium ; and just as much influence have they
exercised in the derangement of commercial affairs in
France, in the United States, in the East Indies, or in
China. Wherever we cast our eyes stagnation of trade or
the embarrassments of manufacturing industry meet us
at every point, both in the New World and the Old—in
Germany, where labour is at the lowest, as in America,
where wages are at the highest. It would be just as
farcical to lay the industrial disorganization so palpable
thus everywhere to the door of our Corn-laws, as to
charge them with the burden of the common but miti-
gated share of- pressure and trading difficulties borne
by this more favoured realm.
(From the Standard.)
A provincial paper, quoted by the Morning Chronicle..
has the following passage :—" Of the whole export of
cotton manufactured last year, amounting in value
to more than twenty-four millions sterling, con-
siderably less than five millions were exported for the
use of our own colonies, and the remaining nineteen
millions and. upwards to countries, the trade of

which the Standard proposes to sacrifice to the Corn-
laws." We have not time at present to ascertain the

arithmetical accuracy of this statement ; we therefore
take it as correct in the arithinctical detail, and proceed to
suggest some explanations that may be necessary before
drawing any inference from it. First, then, we wish to
be informed how great a part of the 19-millions' ~vorth
of cotton goods was last year remitted to previously
"glutted markets" merely for the purposes of ob-
taining advances at home upon the consignment—
in short, sent upon desperate speculation. The Globe
told us a few nights ego, the greater part. if the
Globe is right a trade like this cannot last long,
and will be no very grievous loss when it shall ex-
pire. Secondly, we desire to learn in what degree the
borne 'market for manufactured cottons declined in the
s nne year in which nineteen millions of cotton goods
were exported to the Foreign Market. The goods
were, no doubt, prepared for some market ; but
if it has been found necessary to send them to Foreign
markets, clearly in a state of repletion, for the
desperate purpose of obtaining gambling advances,
it would seem natural to infer that it is from
failure of demand in the home market this neces-
sity has arisen : such a failure has we know oc-
curred—and occurred in consequence of the importation
of foreign corn. The question thus arises between
the home market and the foreign market, and it
is soon decided by the consideration that, while the
British agriculturist must take all his manufactured
goods from the - British manufacturer, the foreign
manufacturer can take only a part, and will take
only a very small part, if any part. The truth
of the case of last year is, that the failure
of demand in the home market forced upon the
manufacturers the necessity of soloing
pricc, to t _ their goods
abroad at ani uP paid almost at any
tinny. Yet we are charged with wishing to injure
the manufacturer, because we would defend for them
the home market. In the third, Oleo, it is desirable to
know how much of the 19 millions' worth of cotton ma-
nufactured goods 11,:s gone to the United States of
America. The analogy of former years would intimate,
a very great I proportion, yet, as is plainly deducible
from Mr. Webster's able argument (we have shown

the proof), a repeal of the Corn-lawamould ruin alto-
gether our trade" with the United Slates. It may be
urged that the experience of the last year does not afford
a fair criterion : that year, however, was not selected by
us, bu; by our Anti-Corn-law opponents, to whom—such
is our confidence in the strength of our cause—we
always leave it to choose their own ground ; and the last
year does afford a fair, though, as respects the extent of
mischief to be produced by it, an inadequate example of
the ruin to manufactures that must attend a repeal of
'the Corn-laws. . •