The Sun.
London, England, 1854-05-05 00:00:00

THE SUN, LONDON, FRIDAY EVENING. MAY 5, Iss 4.

to the national credit ? For instance,
8,800,0001., 24 per cent., or " GLADSTONE"
Stock, which might have been taken for the
8,000,0001. paid in money would at present
prices produce probably 75. According to tin
recent scale of interest it would be but 73 for 2i
to 874 for 3 per Cent. Stock. But as the addi
Lion of ten per cent. to the nominal capital would
be worth something, we give the Right Hon. Gen-
tleman the benefit thereof, and estimate that it
would bring 74 or 75 if offered for, sale in the
market. At the latter price there would be
6,600,0001., which would leave only 1,400,000/.
as the loss on the experiment—the very best
possible way of getting out of the untoward affair.
secondly, the extra war expenditure, or a large
proportion thereof, should also be provided for by a
loan. The contest has been entered on, not for
our own sakes,lbut for the interests of posterity ;
and if ever there was a case where the entire charge
might fairly be placed on future generations
—at least until the AUTOCRAT was compelled to
liquidate the outlay occasioned by his own grasp-
ing cupidity—it is that under notice. There
would thus be 16,600,0001. required—viz.,
8,000,0001. paid off, and the former claims can-
celled, and 8, 600, 000/. already asked for increased
expenditure. For this let him invite the
people, not merely capitalists having 1001. to
spare, but the people to tender, and let lists be
opened iu every city, borough, and considerable
town throughout the country. Let, him issue
these bonds bearing interest at 34 per cent. per
annum to all, applicants at par, not in the large
amounts previously suggested, but in Si., 10/.,
201., and 501. bills. These will be readily ac-
cepted, for they will pass freely from hand to
hand, just as much so as the Bank of
England note. The great experiment of
au inconvertible paper currency may thus
be fairly tested, and we stake our existence that
the most sanguine anticipations will be more that
realised. There is no law as to the amounts fog
which Exchequer Bills may be issued. Any extri
trouble occasioned to Lord MONTEAGLE and hi
subordinates may be liberally recompensed.
What, then, is there to prevent its adoption, savi
the " red-tapist" shackles, which the Right Hon
Gentleman has hitherto borne without any deci-
sive effort to shake them off, and which, up t.
this time, have proved so prejudicial to his cha-
racter as a wise and prudent Minister of
Finance.

We have great pleasure in directing attention
to the fact of Colonel PERRONET -THOMPSON
having been restored to his disputed place iu th,
Army List. To undo the errors of former Adminis-
trations is one of the highest praises which can
be given to the present.
To make due amends for the past, we real])
think the Government would do themselves credit,
and confer valuable service on the public, by ap-
pointing the gallant Colonel to some command in
the army now employed in the East. It may bt
recollected that Colonel THOMPSON has seen much
service both by la id and water, and was fur
long period employed among the Turks and Arabs,
whose languages he perfectly understands. Such
au interpreter of military tactics would be in-
valuable.

THE PRESTON STRIKE.

(FROM A CORRESPONDENT.)

The Preston strike is at an end. Domestic war
ceases at the very time that war in earnest com-
mences with the great despot of the North. In
one respect there is a striking parallel. The con-
test at Preston lay between wealthy masters, with
a sound principle on their side, and a vast body
if illiterate and poor men, capable of putting forth
treat physical force, and headed byan unscrupulous
header ; and the contest in the East lies between
the two wealthy and educated nations, England
Ind France, with the commandment " Thou shalt
not steal" as their motto, and the myriads of poor
and barbarous serfs of Russia, headed by a Mo-
narch, compared to whom GEORGE COWELL is a
man of enlarged mind and honest heart. But here
the parallel entirely ceases. If the Preston
weavers have had all the physical force on their
side, their country is sincerely proud of the way
in which they have used it, or rather refrained
from using it. They have made no attempt
to take " material guarantees" till their demands
were conceded ; they have fought for their point
with the hull-dog pertinacity of Englishmen, but
ley have fought with the weapons of self-denial
and ratural oratory ; they have shrunk from any
mean attack on the " material " weakness of their
opponents, and, compared with the hypocrite who
grasped Sir H. SEYMOUR'S hand at St. Petersburg,
they are the veritable " gent!emen." There is
not a man in Europe on this side the boundaries
Russia, who, after all that has passed in the
last eight months, would not take the word and
rely on the moderation of a Preston weaver rather
than trust the CZAR of Moscow.

Most cordially, therefore, do we back the re-
quest of Mr. GEORGE COWELL to the masters, that
they will not abuse the hour of triumph. Nothing
:ould now so much injure their cause as to strike
4 vanquished foe. The prosecution against the
eaders will, of course, be given up ; it would
•-oOk simply vindictive to maintain it. And
.t. is to be hoped also that the hands will be re-
dmitted to their work without unnecessary con-
litions. The masters themselves have rightly
stated the well-known law which governs the rate
if wages in their reply to the Mediation Gitn-
nittee. Let them adhere to, it, and leave supply
and demand to settle wages, without attempting
rritating restrictions to secure themselves against
"uture strikes. We do not deny their right to
,Ly down their own conditions ; but beyond such
reasonable one as mutual notice of quitting
cork when such notice is thought desirable—a
)ractice usual in the most respectable occupations
—we trust there will be no demands made. A
nan is not made a better servant by compulsion
o what lie regards as self-degradation ; but he
nay be rendered much less willing to revolt a
;econd time by finding in his employer a man con-
:iderate of his feelings in the very hour of triumph.
:le will be slow to Lecome again the dupe of a
pecious orator, when he finds in his master a man
rho could fight him like a Briton, but also shake
rands with him, and treat him like a Briton
vhen he bad beaten him. We therefore willingly
nidorse the request conveyed in Mr. Cowzrai's
Iluestion, when he asks the manufacturers
" whether it would be right, when two contend-
ing armies meet, and one has proved successful,
'or the victorious army to pursue the enemy after
hey have grounded their arms, and ride rough-
shod over them ?" •

On the other hand, we must warn the opera-
ives against the folly of talking as some of their
speakers did—taking, indeed, a sentence of the
leliberately composed address as their text, of
vaiting till "a more favourable opportunity."
co masters who cannot put faith in the supremacy
f events, such language is a temptation to require
stipulations adapted to guard against a repetition
if amalgamations, unions, and strikes. We are
confident that, notwithstanding the cheering of
the men, the masters may safely leave the present
generation to ponder the lesson taught them by the
last eight or nine months. The loss of 150,0001.
Ln wages will make itself painfully felt for many a
iong_year, and the next prolonged strike will con-
iist of persons who were too young to share in
and will be headed by some glib-tongued
COWF,LL who is yet in his petticoats. We have
Lliea,dy advised, and still advise, the operatives to
save their spare earnings instead of wasting them
:n Mr. COWELL'S " dram and jerry shops ;" but
we repeat our advice, never to place their savings
it the disposal of any union or delegates, the plan
which Mr. COWELL seems to point to as the means
,f gaining a ten per cent, at some futur time.
Let thPi operatives keep the money in their own
lands. Each will then be independent, and not b.?
iragged into anothermove against his will; and long
',efore they have retrieved thelosses of the past suffi-
:iently to have much to spare again, our unjust
)artnership laws will assuredly be repealed, and
t full opportunity given to all who wish to set up
joint;stock manufactory for themselves.
We hope that we understand the meaning of
Ur. B,LXENDALE, the chairman of their public
neeting, aright when he says, "The day will come
,vhen your demand will be granted without Etrikes
tnd lock-outs." If he merely means that he is
so confident in the demand for labour outrunning
-,he increase of the manufacturing population, that
qc can predict such a result, we only hope his
prophecy may prove true ; but if it does, surely
the waste of 150,0001. in a strike has been
t most costly piece of madness and folly.
[f lie be prepared to accept the other alter-
Lative, and consent to the reduction which
supeduity of hands would render need-
of course he stands on firm ground. But if
he means that, by any system of operative intimi
lation, the object of strikes is to be attained
while the miseries of them to the working men
tre to be avoided, wo would warn both him and
his hearers that the thing is utterly impracticable.
they must rely upon two sure facts—that wages
must rise..when masters want men, and that they
must fall when men want masters. We will give
BAXENDALE credit, however, for the latter
meaning, and join him in exhorting the Preston
weavers, and all their sympathisers, never to rely
'wain upon combinations generating counter com-
binations, but to rest assured that wages, like
•mverything else, will find their equitable level
through the process known by the homely phrase,
" the higgling of the market."

FUNERAL OF TEIN MARQUIS OF
"ANGLESEY-((7I'LS .DAY).

This morning the mortal remains of the late deeply
lamented the Most Noble the Marquis of Anglesey were
removed from Uxbridge-house, Burlington-street, to the
Great Northern Railway terminus, King's-cross, for
transit to their final resting place, Lichfield Cemetery,
Staffordshire. The mournful cortege was under the
superintendence of Messrs. Jarvis, undertakers, Long-
acre, and presented a most solemnly grand appearance,
r)elog formed as follows :—A detachment of fifty of the
noble deceased's own regiment on horseback, with drums
nuffied, and the band playing the "Dead March in
3aul." A plume of feathers, followed by coronet and
cushion. The hearse containing the coffin, drawn by
four horses richly caparisoned, feathers, escutcheons, and
►ttendants, Ist Regiment of Life Guards, the officers
carrying black flags ; four mourning coaches, and four
feathers and attendants. Three of the Queen's
carriages, each having six horses, and postilions
with black scarfs, coachman and six grooms in
waiting in their full dress of scarlet and gold, the horses
;la,ving black rosettes with long streamers. One hundred
carriages of the nobility and gentry concluded the
mournful cavalcade, which, at the hour of half-past ten
o'clock, having been arranged as described, proceeded on
its route up Regent-street, Langham place, Portland-
place, down the New-road to the railway terminus.
Thousands of persons congregated to witness the proces-
sion, which, as it proceeded, were greatly increased;
notwithstanding, however, we did not hear of a single
accident occurring, and, by the able management of a
strong body of the metropolitan police, the greatest order
was maintained throughout, every one evidently deplor-
ing the decease of one of England's greatest heroes.
:dthorigh he had attained an age far beyond the allotted
life of man.

GALATZ.—Advices from Galatz of the 15th ult, state
that the Russian authorities had at last been prevailed
upon to permit the departure of the few English vessels
at that port—a privilege of which they would forthwith
avail themselves. The Consuls of England and France
bad received notice to quit within eight days.
THE NEW ALDERMAN OF QUEENHITHE WARD. —Yes
terday the pulling for the office of Alderman of Queen-
lathe ward connueneed at ten o'clock, and concluded at
one, when the Lard Mayor announced that Mr. Rose
was the successful candidate, the numbers being for Mr.
Rose; 37 ; for l s, Oroall, 25.1

LATEST FOREIGN NEWS,

THE WAR.

BOMBARDIVIENT OF ODESSA
DESTRUCTION OF TWELVE RUSSIAN
WAR VESSELS.

A Turkish despatch received in Vienna states
that on the 22d of April the allied fleets destroyed,
in a few hours, all the fortifications, the batteries,
and the military stores. Two powder magazines
blew up, and twelve vessels of war were sunk.
The merchant vessels were saved.

The loss of the allies was only five killed and six
wounded.

Thirteen Russian vessels laden with munitions
were taken.

The fleet left in the direction of Sebastopol.

REPORTED ENTRY OF AUSTRIAN TROOPS
INTO WALLACHIA.

The Russian organ, the Indepemdance Beige,
gives a despatch from Vienna that certainly con-
tains news wholly unexpected. Austrian troops
are said to have either already entered Little Wal-
lachia, or to be on the point of doing so. There
was a rumour at Vienna that the Austrian armies
had entered Servia, Bosnia, Albania, the Herze-
gowina and Montenegro. The question is very
naturally asked what can possibly induce Austria
to enter Little Wallachia, now that the Russian
forces have evacuated it, and the Turks are re-
suming possession of it ?_

This is the more singular, because the population
has everywhere received the Turks with open
arms.

THE BALTIC.

The Emperor of Russia has ordered that all the
boats belonging to the members of the Yacht Club
of the Neva shall be placed at the service of the
State, to form part of the flotilla of armed row-
boats which is being formed at Sweaborg and Cron-
stadt, to act against Sir Charles Napier.
Letters from St. Petersburg announce that albeit
the Anne M'Alister will not be allowed to quit
Cronstadt, the effects of Sir Hamilton Seymour
are 'at his disposal, to be removed by land, and that
every facility will be accorded for such removal.

Swedish journals now declare that the story re-
lative to the skipper of the Russian vessel Libertas
having succeeded in escaping by making the prize
crew drunk, is a mere fabrication. No such vessel
has entered Ystadt or any other port.

LETTERS FROM THE FLEET.
Off Hango Point in the Gulf of Finland, April
24.—We have been on a pioneering expedition up
the Gulf some miles above this point. It is quite
clear of ice as far as we have been—Sweaborg, and
as far as the eye can see to the eastward. The
rumour about Russian men-of-war having been
seen in Revel or Port Baltic, as stated in several
English papers, is quite false. None have been
seen in these waters (outside the forts) since our
ships made their appearance. Seven or eight were
perceptible within the Castle of Sweaborg. I
fear they will not come out to meet us. How-
ever, we must see. Our ships have taken seve-
ral prizes. The Tribune took four the other
day fir her own share. The main squadron
was lying off the mouth of the Gulf ; and
Admiral Corry near the Stockholm Skjcegeord.
The weather, which at first was severely cold, has
now become considerably warmer,. and the days
are getting perceptibly longer. The night 2 watches
are still cod. The batteries on Haugo Point fired
at us, as we passed close in taking soundings. The
shot, however, fell short, and the orders from Sir
Charles being strict, we did not return the fire. A
boat landed from the Hecla at Oortto, and left
some of our cards under the lighthouse for the
Emperor's inspection. 'We found a village of 40
houses quite deserted on our approach ; one alone
was tenanted by an old man, bed-ridden, evidently
in his last stage. His friends had actually left his
coffin outside in readiness for him. Instead of mur-
dering him, as he evidently expected we should do,
we left him a bottle of port and an orange, and re-
quested him to explain to his friends on their return
that the English are not such barbarians as it
appears the Emperor's agents make the poor
ignorant islanders believe. Had it been Russia
Proper instead of Finland, her province, we might
have helped ourselves to some fresh provisions;
but in the present case it would be impolitic to
Make the Fins our enemies.

From another sfource we learn that the party
found fifty sheep and some goats on the island.
Food appeared scanty, and the land barren. The
only trophy carried away was a sprig of furze,
which was blossoming in beautiful contrast to the
snow with which it was surrounded. The result of
the survey has been an assurance that with deter-
mination and caution the ships may go into any of
the harbours except those strongly fortified ; in
attacking these strongly fortified places, great cau-
tion would be necessary. The fleet was in excel-
lent spirits. The Finlanders are very lukewarm
in the cause of the Emperor, and will evidently
only do that which may be forced upon them. It
was expected the fleet would proceed again north-
ward. The coal depots are in the Faro of Goth-
land. An extract of another letter from the Duke
of Wellington, hearing date 27th April, states :
" We are about to attack Han4;o Hinch Harbour,
which wiil be the opening of the ball, and of which
I hope to render you a good account."
COPENHAGEN, APRIL 30.—As might have been
expected, not a few Finnish and other seamen have
entered our fleet from the northern harbours. No
expense has been spared in obtaining the assistance
of pilots. Not less than 1,0001. has been paid, iu
an instance or two, for the services of this class of
men during the whole season, till the navigation
closes ; and the same sum has been given to a Nor-
wegian linguist, who speaks Russian and Finnish,
on board the Wellington. Prosecutions of the press
are again the order of the day here, and the result,
under the present ministry, is almost without ex-
ception a verdict cf guilty. There is no jury, the
Cabinet having resisted all attempts to revive this
old Danish institution. Its time, however, will conic,
if the Danish liberties are rescued. On the 26th, the
enormous number of 210 ships passed the Sound.
The peace of Copenhagen has not been disturbed,
notwithstanding the excessive excitement and the
general indignation of all classes. The people have
determined to wait till October, when the Parlia-
ment re-assembles. If the Ministry is then i.ot
dismissed, the Parliament will refuse to pay the
taxes. Meantime, Holstein troops continue to
pour into the capital.
COPENHAGEN, April 29.—The Swedish Govern-
ment has now declared Cork infected with the
cholera, all other Irish harbours suspected of the
same, and the whole Irish kingdom subject to the
Draconic Swedish quarantine laws. If the English
Government continue to put up with this insolence
and Russian aggression,.it is to be hoped that the
British people will not, and that it will be instantly
taken into consideration by our representatives on
the opening of Parliament. We must endeavour
to see which is the strongest—the rights of nations
or King Oscar. The Swedish papers contain
well-written articles against •the continuance of
the neutrality. They demand, in the strongest
language, Parliamentary reform and adhesion
to the Western Powers for law and right.
The number of prizes taken in the Baltic has been
very great, many of them laden with arms, hidden
under cotton, arc., and intended for Russian har-
bours. A proclamation has been issued in Relsing-
fors, ordering every householder to find one room
in his building for the use of the soldiery. Prices
continue to rise in Finland, with the exception of
hay, which has fallen somewhat. The Finnish pa-
pers now contain only the lowest and most disgust-
ing flattery of the Emperor and all his acts; but all
persons know that they do not represent the feel-
ings of the people. On the evening of the 29th the
Scandinavian. Society held its closing winter meet-
ing at Copenhagen. After a lecture by Professor
Eschricht on the customs and characteristics of the
Danish island of Bornholm, about 200 gentlemen
sat down to supper. Among the toasts of the
evening were—" For Clausen," the President of
the Society; " For the Constitution;" "For Sir C.
Napier, and may God grant him a glorious vic-
tory ;" "For Finland, and may she soon be re-
stored to her northern sisters ;" "For Bishop
Monrad, and may his bold hand soon grasp the
helm of the State." All these were drunk with
three times three rapturous cheers. The French
fleet is expected in a day or two. It is expected
that most of the ships will be forced to go round
by the Great Belt. At this moment our harbour
may be said to be free from English war-ships.
One passes now and then with one or more prizes,
but otherwise they are out at sea or higher up to-
wards the north-east. Elsinore is now the point
from which these minor movements may be best
observed. The illegal dismissals of the Parlia-
mentary chiefs have had the effect of uniting all
parties against the Government, and the Opposition
is now one compact body.