The Sun.
London, England, 1838-08-14 00:00:00

MONEY MARKET

EEDY LEGISLATION

-
Where there is aIT PI ttikd I§ tviy. says 'the adage ana One Vet)? Useftd the
it was well efterriptted last iiight i_serd Aro,ughmt le the tittee on.itoint-strick )satilts is tleß of Cuilaguan ana Mr.
oppose
case of newspapers, fife prois:rietors of Which have heen sub- came to London from Dublin purposely to
jetted to a grkvo., erpong• by the linpilsoninnt for Debt the renewal Of the charter of the Bank of Ireland. One of
Bill. It is quite clear that the 'eoruptll;ng newspaper pro- these gentleNien maniger oti'ms Itiberosts Bank; and the
prietors to insert adVeniteedients of any length fot three of the Royal Bank of tr..land; and their
Ntesetime
joyne)(l', aapsarat
shillings is A ilatrratt 'piece of injustice.
1, froin other matters to whiCh it relates, may be i.e The i.ord Chancellor said the 14.14.'• uid not come into far abstiact ar the case phi forth loly liatAirig interest of
,t operation till next terms tte. between that period arid 'the iAlastsi geilertily as against such renCe.vat. lie jocitriety
next meeting of relilament the hardship whith eivOld be in- 'taking their evidence on this occasion aad in this manner
Meted eTutd not be very great. was obVious; it was too late in the Session to afford any
" Why not," said Lord Et roligham, "bring in a short Bill proipett of carrying any Bill for the continuance of that
to-night, making the alteration, and contaittiq-, the words, monopoly, and as the question ttiVst. e?tPe tit) aqn ht the
any existing Aet3 to the contrary nutvvithstanding' ? Such next session, itmille iikaiea 16 the Niemberl of
an Act would have the effect of repealing the present one, the House ef Commons to study this evidence, and
which would receive the Royal assent before the Act he pro- make up their minds how they will act. No man of
posed could pass." A Peer having observed that a Bill could sense or observation ttho ?cads it, eati the
not be introduced that night, as it was not drawn, Lord remarkable position in which the present (the liberal !)
Brougham instantly placed some paper on his knee, and in the Ministry are p!accd by it. Lord Liverpool and Mr. Robin-
course of a minute or two drew his Bill ; after which he rose son (Lord Ripon) had made up their minds long ago with
and said, "My Lords, I present your Lordships w ith a Bill respect to this monopoly, as they had done with that of the
entitled An Act touching the insertion of the schedules of Bank of England, that " such privileges were out of fashion "
debtors in newspapers,' and I move that this Bill be now read and that they could not be continued beyond the charters then
a first time." The Bill having been accordingly read a first existing. In the evidence before the Committee the point is
time, his Lordship said he should move the second reading put still more powerfully, since it appears that both the Royal
this day, and gave notice that he should move the suspen- Bank and the Hibernian Bank were established in 1824, I,in
sion of the Standing Orders, so that it might then pass
tdheartetrereahisaratsesruroafntchees
Bfraoank LoforidrelLanidvewrpaosoalotantrol
beLord
en
renewed,
pe od n:
through its remaining stages.
Ilere, then, is a Bill drawn, read a first time, and placed in Those establishments would never have been formed but for
a train of being passed, in a homer period than that taken up that assurance. Now, those two statesmen, in giving ,
in stating the objections to the proceeding. There was evi_ considered without doubt, without looking to their own tenure
deafly no lion in his Lordship's path.—Morning Chronicle. of office, or the probabilities of life, that no future circum-
stances eculd prevent such an assurance from taking ef-
fect. Their political opponents, who must succeed to
power if they were removed from it, were declared ene-
mies to all monopoly, and they never could have con-
templated that if they, a Tory Administration, who
were willing to perpetuate some exclusive privileges,
created an exception to their general policy as regards the
Bank of England, this particular abuse would be that which a
Whig Administration would consent to cherish and preserve.
The difference between the men consists in this—that Lord
Liverpool understood the subject, and had made up his mind
how to deal with it ; the others did ri.7,t, and dreading in their
ignorance to enter fairly upon the contest with the Bank Di-
rectors, they made an exception to their general policy, and
renewed the Charter.
With the Bank of Ireland there is yet time to retrieve this
false step, and abundant reason is afforded in the evidence of
Mr. Callaghan and Mr. Dunne, for the extinction of that mono-
poly at least. These gentlemen give it as their decided
opinion, that the exclusive privileges act injuriously to the
prosperity of Dublin in particular, and of Ireland gene-
rally ; and that the public voice is wholly opposed to
their continuance. This is on a question of princi-
ple merely, but beyond that the Directors are charged
with employing the powers vested in them in an
arbitrary and capricious manner, and even with yielding to
political and religious influences in the managemeni.of their
business. That remarkable proceeding of the Bank of Ire-
land, which has been so much commented upon since in va-
rious quarters, in keeping the rate of discount lower than that
of the Bank of England, is attributed by these witnesses to de-
sign to'put down the rival banks, for the sake of which they
consented to administer to the excitement which already pre-
vailed fionn overtrading ; and their refusal to accept Bank of
England paper, respecting which some very curious circum-
stances arc disclosed, is ascribed to the same cause, the other
banks having imported a large amount of it, as an aid in weather-
ing the panic, but the refusal of the Bank of Ireland to take
it, for which they were perfectly unprepared, and which was
quite sudden, rendered it of little use to them. All practical
men who will take the trouble of going over this evidence
will find in it an excellent summary of the whole question.
Times.

SPORTING INTELLIGENCE.

TATTERSALL'S—YESTERDAY.
THE ST. LEGER.
The betting was confined to a few horses, but was not destitute
of interest. lon and Don John were at the previous week's quo-
tations, and not much sought after Lanercost was backed by
several parties, and was a point or two better than before ; Grey
Momus was also in high force in influential quarters. The odds
were liken ice taken rather freely about Appleton Lad, who
rose a point or two ; the layers, however, were neither scarce nor
shy. Cobham, although backed for a trifle at 14 to 1, was ob-
vionsly out of favour—it was hinted that he is not quite up to the
mark. The other betting does not require observation. Closing
prices :

7 to 2 agst Colonel Peel's lon—take 4 to 1
9 to 2 agst Lord Chesterfield's Dun John—take 5 to 1
7 to 1 agst Mr. Parkins's Lanereost—take 8 to 1
10 to 1 agst Lord G. Bentinck's Grey Momus—taken freely
12 to 1 agst Mr. Bowes's Appleton Lad—taken
14 to 1 agst Mr. Coombe's Cobham—taken
18 to 1 agst Lord Westminster's Albemarle—take 20 to 1
23 to 1 agst Mr. Thompson's Talleyrand—taken
33 to 1 agst Major Yarburgh's Easter—taken
40 to 1 agst Mr. Gascoigne's Watchman—taken
THE DERBY.
2,000 even betted on the field against twelve.

THE LATE GOODWOOD STAKES.—The Stakes are withheld
from Mr. Theobald on the objection that Loutherbourg is five years
old, one year more than stated in his nomination. The matter is
not yet decided.

ISLE OF THANET-MONDAY.

(From the Morning Advertiser.)
RAMSGATE. —After a delightful and quick passage by the
Commercial Steam Navigation Packet, I arrived here on Sa-
turday, and have since journeyed along the coast up to the
time of sending this communication. The visitors here are
more select than numerous, and this the tradesmen of " the
Royal Port and Harbour" assert to be in consequence of the
predilection for Boulogne and the French coast. The dif-
ference in the fare not being very material, and the desire to
see " La belle France" having been greatly enhanced by the
popular visit of Marshal Soult, which it is affirmed by our
Gallic neighbours will be reciprocated by the Duke of Wel-
lington in a short time.

The entrance from the outer to the inner harbour is now
completed, and a handsome light iron bridge of one arch has
been constructed by the Messrs. Rennie. Store and ware-
houses are in course of erection, which, when finished, will
complete, we believe, this great national work. At the en-
trance to the sands, from Harbour-street, elegant shops have
been erected for the sale of confectionary, &c., and a new
tavern has been opened.
The theatre is closed, and indeed there is a want of some
place of public entertainment.
A new Palace for her Majesty, on the west cliff, is confidently
talked of by the inhabitants.
From Ramsgate, I progressed through " quiet Broad-
stairs," via St. Peter's, (where the Ranelagh Gardens are
open with an efficient company), to Margate. In the beau.
tiful fields on either side of the road, harvest operations were
busily going on, and last Saturday there were few crops not
reaped. The wheat appeared to be healthy and good, if not
plentiful. Barley and oats somee hat backward. One " jolly
farmer," more charitable than some of his neighbours, in the
language of Boaz, in Scripture, " commanded his young men,
saying, let her (Ruth) glean even among the sheaves, and
reproach her not." The substance of this beautiful passage
was spoken on behalf of several poor women, gleaners.
Here it is right, on behalf of the farmers, to state their com-
plaints of the conduct of the visitors to the fields. Not only
do they pull up and carry away large quantities of the growing
crops ; but tread down and destroy a greater portion. The
writer was told by one farmer, that he had suffered a heavy loss
by such depredations ; and that it was intended to call a meet-
ing in order to the inclosure of the fields.
At Margate there is no want of public amusement. The
Theatre, under the excellent management of Mr. Saville, is
open each evening of the week, with performances in tragedy,
comedy, &c., well sustained by an effective corps dramatique,
aided by good scenery, dresses, and decorations. It is to be
regretted, however, that the spirited proprietor has not a larger
share of patronage, the want of which may be accounted for
by other attractions of a far less intellectual character, such as
the bazaars, which are open to a late hour gratis; but where
much money is lost at the gaming-tables and raffles.
Tivoli Gardens are open with a variety of amusements of
the very best description, consisting of vaudevilles, concerts in
the splendid saloon, brilliant illuminations, and superb displays
of fireworks. There are also exhibitions of living models of
sculpture from the antique, cosmoramas, &c., and the lovers of
Terpsichore are provided with an excellent band and a polite
and attentive master of the ceremonies. In brief, the pro.
prietors appeared to have excited themselves to the utmost,
regardless of expense, in upholding this Vauxhall of Kent.
With reseect to this establishment, not a little excitement
has been raised in Margate by an attempt to put a stop to the
concert of sacred music on Sunday evenings.

The following copy of a placard, which has been published,
ill explain the matter : _ _

" Inhabitants of Margate,—The welfare of the town de-
pends upon the visitors; ought then their amusements to be
curtailed ?

" The Deputy of the town end the Curate, not content
with closing our noble assembly-rooms two years since, have
now exhorted and threatened the proprietor of Tivoli against
opening his conce.t-room for sacred music on Sunday nights.
" I very much question if, legally, these "saints" can inter-
fere. This, I know, they dare not.
" Let every well-wisher to the town of Margate support
the spirited proprietor of Tivoli—ire have had enough of cant
and hypocrisy."
The above is promulgated and signed by Joshua Wadding-
ton, Esq., of the Marine-terrace, an inf)uentiid Reformer here,
and whose public resistance to the undue collection of rates I
shall have sonic interesting facts to report upon in my next.
The printed announcements—lodgings and beds to let—
may be seen at one-half the houses here. The pier is kept in
admirable order by the policemen stationed there.

IRELAND.

(FROM OUR OWN CORRESPONDENT.
- DUBLIN, AuG. 12.
"

TUE CROPS.—The long rains have not done so much injury
to the crops as was anticipated. Barley and oats will be plen-
tiful, and an excellent crop of potatoes is expected, the failure
having been but partial. Wheat has suffered slightly, but on
the whole will be an average crop. Flax has been least suc-
cesseul, it is thin and short.
The greatest satisfaction is felt and expressed in town
to-
day at the intelligence conveyed in The Sun, received this
morning, that Lord John Russell rejected the mutilated Cor-
poration Bill. It is feared, however, that the Lords will --
the Tithe Bill. Its rejection in its present state would give
the utmost pleasure to the Irish people.
Among the latest arrivals here from London are the Chan-
cellor of the Exchequer's family, and Mr. Galloway, the
veteran Reformer. The latter is on a tour through the country.
THE MAHISTRACY.—The revised list of Magistrates seems
to have been made up in a very careless manner. Every post
brings the names of a number of persons added to it who have
been omitted from the original list of Justices. Among these
examinedspndat
so if
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•
_on Thursday, 13th ult , a Vestry was c lied a'
CHURCH-RATES AND STURGES BOURNE'S ACT.
Camberwell, by tl •
Parish Officer,, on the subject of Church-rates. The Vicar in the
Chair. The Parishioners, however, by a considerable majority, de-
elated against the snaking a rate, on which an appeal was made by the
friends of the rate to Mr. Sturges Bourne's Act. The Parishioners
were, by this means, deprived of their majority, and the condemned
impost, by this Aristocratic Act, was fastened upon them.
MOOR GANIE.—It is likely that the game ill the
moors in the neighbourhood of ,Rochdale and Whitworth will be very
scarce this season, as great quantics of the young birds have been found
dead: no doubt they have been killed by the severe storm on time 4th
ult. One person alone, in one day last week, found upwards of fifty
blzis dad on or.:. r.,-;.30r near Wilitwor•th-, and large quantities have been
ibund by others.—Bolton Catonicla