The Sun.
London, England, 1822-05-08 00:00:00

CITY, TUESDAY EVENING.

Consols for Cie Account opened this morning, at 7914, and
were very steady during the day. At no time was there a
greater variation than 4 per cent., and they finally closed at
the opening price. Mr. VANSITTART'S Five Million Scheme

is not considered as a public measure, for no private person is
likely to be concerned in it. Should it be contracted for, a
corporated body, it is thought, will alone be able to manage a
concern, the profit of which is distant, and in the minds of
many is also uncertain. The plan is understood by all, but its
practicability is not so obvious. The universal opinion, how-
ever, is, that it will not be contracted for unless on terms
highly advantageous to the Contractors; and Merchants, who
do not intend to have any thing to do with it, think, that the
profit had better be given to the Sinking 'Fund, for they
' cannot comprehend the doctrine of levying five millions a year
(the asserted amount of the Sinking Fund), from the present ge-
neration, for the benefit of posterity, and at-the same. time of re-1
lieving themselves of Taxes to the amount of two millions and
upwards annually, and throwing the payment of these Taxes
on their descendants, for whose sakes they now burden them-
selves with a Siakinb.e. Fund. Merchants think that the only
benefit will be to the Ministers, who already have the ap-
pointment of Commissioners for managing the Sinking Fund,
and will also have additional patronage in forming another
Board for managing the plan for thwarting the operations of
the Sinking Fund,- and for rendering the efforts of the present
generation to redeem their debt nugatory and unavailing._
In Foreign Securities, little business is doing. The French
Rentes have fallen to 88. The Prussian Bonds are 864. Colum-
bian old Bonds have risen to 100.4. The Six per Cent. Script
86i 4., and the Six per Cent Bonds paid up 854. Spanish New
Fives are 63g. 63i. In the old, no prices are quoted. Danish
Fives remain at 85 ; and Neapolitan has been established at
the value of 69. Russian Sixes remain at 82, and Fives at 76.
The Austrian Metallic Fives are very dull at 744 a74}.—Coffee,
of fine quality, is 3s. to 4s. and all inferior sorts full 2s. dearer.
Sugar is steady, but Rums are very dull, at 20d. a 2s. a gallon.—
Some Odessa yellow Tallow of the best quality has been ex-
posed to public sale, and sold at 345. to 345. 9d. St. Peteisburgh
yellow Candle Tallow is still held at 395. but in real value it
cannot be called more than is. above the best quality from Odessa.
—Flax is extremely dull ; twenty-two vessels have already
passed the Sound loaded with this article, chiefly for Scotland.
Hemp also is very unsaleable. The price at St. Petersburgh on
the spot was 98, occasioned by the early demand from America.
For contract it was 80 to 82, chiefly for English account.—The
public are much indebted to Mr. Husitissoer-for his attention
jo their.interests on the subject of licenses. Beer has fallen
this day a halfpenny a pot, but this is not sufficient. The pub-
lic brewers, no doubt, have a just right to charge for their pro-
perty just what they please ; but the people have an equally
Just right to expect from their Government permission to buy
their Beer where they can procure it cheapest. They there-
fore hope that some law will be enacted, by which every
person who pleases so to employ his capital and his abilities,
may have free permission to sell his be.er, and this can
only be accomplished, in justice to the poor man, by re.
pealing the present Duty on Beer, which the public brewer
pays, and placing the same amount on malt. The trade.can
never be thrown open until this be done, in addition to grant-
ing permission for any person to sell beer who keeps an-orderly
house. It is well known that under the present Licensing
System, when the tenant has Complained to the landlord that
his custom was leaving him on account of the bad quality of the
Beer which he was forced-to sell, the answer on more occa-
sions than one has been a recommendation from the landlord
to get a fiddler into the house, which, in one way or another,
would increase the consumption. This is a good plan for
keeping a house orderly under the present licensing system.
Mr. BUXTON'S explanation of the preference given by the Ma-
gistrates to his house, Messrs. HANBURY and Co.. is any
thing but satisfactory to the inhabitants of London. The evil
in a country town is, however, ten times greater, for there
the poor have no choice. They must either drink what
is given to them, and that at a high price, or want.—
The House of Commons is employing itself at present to little
purpose in regulating the future importation of Foreign Corn.
The whole quantity imported since 1791,' until the present
period, is little more than one year% consumption of England
and Scotland, taking one quarter of wheat annually to each
soul; and if any thing like los. a qr. of duty was imposed,
the importation in one year would not exceed a week or
ten days' consumption. All the plans at present before the
House do not give permission for foreign importation of
Grain until the average price of 'Wheat is advanced to
a value, which nothing short of famine can ever make it,
as long as gold and silver:continue the currency of the kingdom.
An effectual redress for Agricultural Distress may be produced
by natural causes. A free importation of foreign grain would
deprive the different nations of Europe of all their excuses for
placing restrictions on our commerce ; to make tede as free as
air will instantly enable the British merchant to give remuner-
ating wages to the productive classes, and when the people
have money to pay for their wants, consumption of agricultural
produce will be doubled. The farmer will lose not more than
ten days consumption of grain annually by foreign importa-
tion, and be will reap the benefit of steady demand and fair
prices for all he can grow during the remainder of the year.
A short time, probably, will prove the advantage of liberal
intercourse.—{Morning- Chronicle.