The Sun.
London, England, 1839-01-19 00:00:00

THE SUN, LONDON, SATURDAY, JANUARY 19, IS3

tended. We cannot at present quote any of the illus-
trations of the statements made by this enlightened
economist, but we shall enforce his views by an illus-
tratio❑ of our own.

Since we have heard such a clamour made by the
agriculturists and their advocates about the abolition
of the protecting duties entailing ruin on them and
on their labourers, we have cast about for some
similar alteration made of late in our trade, and that
made in the duties on silk, in 1826, occurred to us.
Most of our readers will remember the dire clamour
which Spitalfields, Macclesfield, and Coventry got up
on that occasion, and how dreadful was the ruin which
they predicted would overwhelm these hives of human
industry, and silk weaving. Now, what has been the
result ? We will allow Mr. M'CuLLoclr to answer
for us. In the " Commercial Dictionary," article
Silk, we find the following passages. The first is
valuable now, as a record of Mr.- HUSKISSON'S
opinion of the effects of protecting duties on industry,
and as stating shortly the history of the alteration :—.
Mr. Htbkisson moved on the ath of March, 1824, that
the prohibition of foreign silks should cease on the sth July,
1826, and that they should then be admitted for importation
on payment of a duty of 30 per cent. ad valorem. On this
occasion Mr. H. observed—The monopoly had producid what
monopoly was always sure to produce, an indifference with re-
gard to improvement. That useful zeal which gives life to
industry, which fosters ingenuity, and which in manufactures
occasions unceasing efforts to produce the article in the most
economical form, had been comparatively extinguished. To the
prohibitive system it was to be ascribed that in silk only, in the
whole range of manufactares, we were left behind our neighbours.
We have here a proof of that chilling and benumbing effect
which is sure to be produced when no genius is called into
action, and when we are rendered indifferent to exertion by
the indolent security derived from restrictive regulations. I
have not the slightest doubt, that if the same system had been
continued with respect to the cotton manufacture, it wouid
have been at this moment as subordinate in amount to the
woollen as it is junior in its introduction into the country.
Now comes a statement of Mr. M'CuLLocx's

lords to make head against the storm which has at
length been so justly and universally roused against
their monopoly.

The Paris Journals of Thursday have all been re-
ceived. The debate in the Chamber of Deputies on
Wednesday terminated in a vote for the rejection of
M. AMILHAU'S Ministerial amendment, substituting
the present tense for the future in the paragraph of
the Address, which states that France shall always
hold the high rank which belongs to her in the fears
and friendships of nations. The votes were, for the
amendment, and consequently in favour of Minis-
ters, 210 ; against it, 219—giving, for the first
time, an absolute majority of nine votes to the
Opposition. The close of the debate on Wed-
nesday was enlivened by two clever speeches, the
first delivered by M. BERRYER, an Ultra-Royalist,
and one of the ablest advocates of Monarchi-
cal principles in the Chamber ; and the other by M.
THIERS, denouncing the sacrifice by Count MOLE
and his colleagues, of the English alliance. Limited
as is our space, and slight as is the interest created
in England by the political views of the French Carlist
faction, we are inclined to think -that the following
extract from M. BERRYER'S speech, which fairly
turned the scale against Ministers, will be read with

much attention :
The revolution of July was a terrible event, not merely a
commotion or a change of dynasty, but the overthrow of an
entire political system. Immense was its echo in Europe,
where the heart of nations vibrated at the sound. Poland
first began to stir, and rouse its recollections, its hopes, its
soldiers, at the signal of France. Poland was then called the
vanguard of France. Where is Poland now ? She is fallen.
In Spain a question of disputed succession was raised by the
antagonists of the Salle law, who looked for support to
France. Messengers and special envoys were sent to Madrid
to promise this support. How has it been given, and where
are those promises ? Spain remains a prey to civil war, which
your Government declares itself unable to put an end to. Look
at Belgium, about to be abandoned too, and to loco all guarantee
of independence. There appeared to be two policies in the
Government of the country; one for the necessities of the
Representative Government at home—the other for necessi-
ties abroad. The expedition to Ancona was intended, accor-
ding to M. Mole, to produce a moral effect. No doubt it
was, but this r fleet was to be produced upon the French, not
upon the Italians, or upon foreign Powers. It was intended
to dazzle the French with a sample of hardihood which really,
as was afterwards proved, led to nothing, and meant nothing.
On every point around the map of France—north, south, east,
and west—he could perceive nothing but alliances destroyed or
weakened, and guarantees trampled under foot. In Italy, in
Belgitnr, in Switzerland, in Spain, in England—on every
point—France was isolated. —( Violent murmurs from the
Centre.) His arm should wither before he would deposit a
ball in that urn—(pointing to the ballotting urn)—in testimony
that a Ministry which had thus misgoverned France had been
the faithful guardian of her alliances, and jealous of her
interests and her honour.—( Tremendous cheering, which was
echoed even from the public galleries.)
M. BERRYER, next addressing himself to M.
THrERs, observed that he at least had the merit of
being consistent in the advocacy of his revolutionary
policy—a merit for which he, M. BERRYER, honoured
and respected him, and would cordially support him as
often as he recommended measures useful to France.
Ironical cheers from the Centre, at this new proposal
for a more extended coalition, followed this announce-
ment ; but the Left took no notice of them. The
President of the Council followed M. BERRYER, but,
to the amazement of the Centre, he could hardly obtain
a hearing. To make matters worse he lost his temper,
and completely failed in answering M. BERRYER. After
M. ODILLON BARROT, M. GUIZOT, and the Mini-
stir of Justice, had severally exchanged some trif-
ling recriminations, M. THIERS closed the debate
with the following observations respecting the causes
of the visibly growing coolness between France and
England :
He would ask the Ministry what it had done with the Eng-
lish alliance ? He would not say that nations were only to
ally with those nations which enjoyed similar institutions, but
be would say, that when Powers leagued together on abso-
lutist principles, it was necessary for free States to form a
counter-league. And for this reason he had from the first
clung to the English alliance. But an alliance was not to
be bad for nothing—without sacrifice—without effort. When
he, M. Thiers, left the Government, England and France
were marching together in the affairs of Europe. France
had embarked England in the Spanish question, which was
more French than English ; and after England had been
drawn into the difficulties and embarrassments of the ques.
tion, France withdrew, and left England to extricate herself
alone, and as best she might. He would not say this was
owing to treachery, but to a spirit of timidity and hesitation.
And the consequences soon became apparent. The friend-
ship of England cooled, the chain which bound the
two countries became silently broken, and the combined
system of policy was dissolved. England and France had
made common protests and efforts for Polish, German, and
Italian liberties. For Spain they had done more when
France drew back with a fatal negative, England had, of
course, given its negative in turn. All that bad been under-
taken in commcn had been so more for French interests than
English—yet France was the first to draw back. The fruits
of this were now reaping in Belgium. Count Mole said
England had different interests from France in Belgium.
True, but she had the same difference of interests four years
ago, and yet England supported France in the affair of
Antwerp. In return for all that England had done for the
French Government, France had merely created embarrass-
ments—Parliamentary embarrassments for the English Govern-
ment. England had been obliged to look elsewhere for allies, and
sign treaties at Vienna to replace the hollow ones of the Qua-
druple Alliance. If England has become selfish, it is French
policy that has made her so. A different line of conduct
would have preserved England as before—powerful, faithful,
and an ally.

On Thursday the Ministers moved the rejection of
the paragraph upon which they had the day before
failed to carry an amendment. In this they suceeded
after a brief debate, the numbers being, in favouriof
the Ministerial motion 220, against it 213. Thus
Ministers are precisely where they were on Tuesday ;
but as the resignation of Count MOLE, when the
Address is carried, is no longer doubtful, the majority
of a few votes on one side or the other is regarded with
indifference. We should also observe that Count MOLE
endeavoured to prove that the bonds of affection be-
tween England and France were not loosened.
The following extract includes al; that there is else
of any interest in Thursday's papers :
The Coninterce says—" A journal stated this morning that
M. Sebastiani was to affix his signature yesterday to the defi.
nitive resolutions of the Conference, and that they would be
immediately notified to the Belgian Government. What that
journal intimated as intended to be done, was stated on 'Change
to-day to have been done already. It was affirmed that a tele-
graphic dispatch from Calais announced that Count Sebastiani,
being pressed by Lord Palmerston, had signed the conclusum,
which decides the territorial question against Belgium."
Our readers know that we have always said that the Eng.
lish Cabinet would not appear before the Parliament without
announcing facts already accomplished relative to Belgium,
and the language of Count Mole in the Chamber gave no rea-
son to expect any very serious resistance on the part of M.
Sebastiani. It remains to carry it into execution.
We may easily conceive why, with such news and with that
received from Brussels, respecting the position of the Dutch
and Belgian armies, the Chamber has refused to vote with
M. Amilhau," that under this Government, jealous of our dig-
nity, the faithful guardian of our alliance, France continues to
hold in the world and in the esteem of nations the rank which
belongs to her, and from which she cannot fall."—Gazette
de France.

BOURSE-PARIS, THURSDAY, JAN 17.

HALF•PAST THREE.-The quantity of business done in the French
stocks has been limited. For the Account the Three per Cents. opened
at 7Sf. 60c., rose to 78f. 75c., and closed at 78f. 70c.. a fall of 10c.
The Five per Cents. opened at 110 f. Isc. , rose to 1 I Of. 40c., and closed,
as yesterday, at 110 f. 35e. Very little was done at the first price of the
Five per Cents.; the Three per Cents., it will be seen, have been 20c.
lower than yesterday. For money the Five per Cents. are 15c., and the
Three per Cents 25c. lower. The Bank of France are 10f. lower. The
Lafitte Bank I,ooof. shares are sf. lower, and those of 5,000 f. are also
sf. lower. The Belgian Bank shares have declined 10f., and the Five
per Cents. have fallen 1 per cent. The Spanish Active is unaltered.
The Portuguese Three per Cents, for the account, 211. The St. Ger_
main Railway shares have declined 5f The Versailles Right Bank,
7f. 50c.

First Highest I ow,st Last
Price. Price. Price. Price.
French 5 tittr Cent . 1 W 35 ... 110 4,1 ... 110 35 ... 110 35
4 per Cents
3p r Con's.
Bank of France 0r,5 i _267,0 —.265'1 —2650
Latitte Bank i,,OiliT. Sh.
1,00;f. Sh
Belgian :"--, per Cents.
... 99 ... 99
Ba..k
Spanish A cti • e
Passive 4 4 4 ... 4
... .
Portugu se 3 per Cents.
Neapolitan -
Porn:in _
__
... 40.116 ... 101' -. ItO` 100

... 0114 ...
R. s ILWAY SHARES.
St. Germain l9l ... 590 ... 590 ... 5!0
022710
50
...... '0)2170
50 ::: *l-)2170 5 ,
...
Ve saillt,, R.B.
L.B.
022710
50
Rouen
Orleans
455 . 455 .. 4' 5 .• 455
St.vsburgh to 8a1e.................. ... 3t7 50 ... 347 50 ... 317 50 ... 347 50
................. .. . •
ASPHALTE.; AND BI! UMENS.
r.. 7 ,T;‘11,1, 11 ...... ... ............... 512 50 ... 512 f:0 ... Z.,' n *" 50C)

~; _ ..

110111nd and Belgian
papers have been received
this morning, but with the exception of rumours of
military movements on the frontiers, which there is

every reason to believe will end in smoke, they eon
tain no news of any moment.

AUSTRIAN FUNDS.....VIENNA, JAN. 8
Five por Cents. Metalliqucs
Foxr per Cents.
Three per Cents.
Rank Shares 1462
—AllgerneineZeitung, Jan. 11

THE MARKETS.-(THIS DAY.)

COVENT GARDEN.

Greens were In short supply, owing to the crop of that description of
vegetable being short. Turnips and Carrots continue in good supply.
The importation of French apples operates much against the English
growers Trade generally was complained of this morning as being
dull. Plants, 3a. 6d. to 4s. per dozen ; Asparagus, 10s. to 12s. per bdle. ;
Celery, Is to Is. 6d. ; Onions, Is. 6d. to 2s. 6d. per sieve; Carrots, 45.
to 6s. per dozen; Brocoli, Is. 6d. to 3s. per belle. ; Turnips, 3d. to qd.
per bunch; Apples, 4s. to 165. per bu,lrel ; Rhubarb, its. to 2s. 6d.
per bd:e. ; Cucumbers, ss. per. brace; Spinach, 3s. per sieve; New
Green Peas, 10s. per pint; French Beans, ss. per 100; new Potatoes,
Is. 6d. to 25. per lb. ; old Potatoes, 70s. to 1005. per ton.
HUNGERFORD AND CITY FISH MARKET.

Supplies to a fair extent. Turbot from 7s. and Bs. to 2,55. ; Cod 2s. 6d.
to Bs., I Oa., and 12s. ; Soles 10d. and Is. to 3s 6d. per pair ; Lobsters
Is. to 4s. earls.

NEWGATE AND LEADEN HALL.

Meat of all kinds in good supply ; trade dull, and prices lower. Beef
2s. Bd. to 3s. 10d. ; Mutton 2s. Bd. to 3s. 10d. ; Veal 3s. Bd. to 48.8 d. ;
Pork 3s. 6d. to 4s. Bd. ; Irish 3s. to 3s. 6d. Game and Poultry in good
supply and demand, and prices rather lower. Geese Os. to '7s. ; Hares
3s. to 3s. 6d. ; Chickens Is. 6d. to ; Fowls 2s. 6d. to 4s ; Ducks 2s.
to 2s. 6d.; Turkeys 46 to 10s. ; Eggs lower, the price 6s. 6d. to 7s.
BRIEF SUMMARY OF THE COLONIAL MARKETS DURING
THE WEEK,

There has been a fair business done for consumption of the primary
commodities. Sugar, CofFee, Cocoa, Spices, Indigo, Tea, Rum, and
Cotton, have not varied in price. Rice has been rather higher fur con-
sumption. The imports have been to a fair extent.

BRADFORD, THURSDAY.—There has been fully as much business done
in our piecc.market to.day as for some weeks past. Anything suitable
for the foreign trade was readily disposed of, and at very full prices.—
Yarns.—There i 3 no naw feature in this department of our trade ; the
demand good, and full prices obtained. Wool.—There is not that
firmness vi-ible on the part of staplers which was to be noticed some
weeks past; and as stocks are good, many now think that it will be
impassible much longer to maintain the late great advance. Not a bag
bought but for instant use.

WAKEFIELD COTTON MARKET, JAN. 19.—The arrivals of Wheat are
large, and the trade dull for Wheat, which sells at a reduction of 2s. to 3s.
per qr. ; Barley is also 2s. lower; Oats and Beans unaltered in value.
Wheat, 14,728 ; Barley, 3,961 ; Beans, 1,274; Oats, 1,721.

LIVERPOOL PROVISION MARKET, JAN 16
There has been but little animation in the Butter Market this week,
and even the best qualities are purchasable at a trifling reductiOn, even
during this cold weather, which many thought would have wrought just
the contrary effect. Inferior qualities very druggish indeed, as well as
lower in value. We cannot notice any positive alteration in the value
of Bacon since tria day se'nnight ; it is, however, good to sell, and all
of good quality. Lard is fully as dear, especially bladdered. We make
no alteration in our quotations in Beef and Fork.

MONEY AND COMMERCIAL NEWS

CITY (THIS pAYL TWELVE O'(ILOCK.

LIVERPOOL COTTON MARKET, JAN. 18.—The demand in the
early part of the week was very limited, and the Market
heavy, affording to buyers an opportunity of supplying them-
selves at per cent. under our quotations of Friday last; but
)egterday there was more energy from the trade, with a better
appearance of business, this being also the case to-day.
There are now only casual instances where purchases can be
made upon better terms than at the close of last week.
The sales to-day are 4.000 of all kinds, the Market closing
more steadily. Speculators have taken 5,500 bales of Ame-
rican, and 200 Pernams ; 1,000 American on speculation
to-day.
"`,The only arrival this 'morning of any interest is the express
from Paris, and the Belgian papers ; the former containing
the speech of Berryer and Thiers, in the Chamber of De-
puties.