The Sun.
London, England, 1849-10-08 00:00:00

chair, and he believed *that 'such was the feeling of the
Jews that they would not lend their money on the
bare ground of business for subverting liberty.
Whoever did so would be loaded with ignominy. In con-
clusion, he said this was but the beginning of a new
movement of great importance, to which they would be
as much indebted to'Mr. Cobden as for the Anti-Corn-
law League. Even the Tory press, who had supported
the conduct of Austria in her invasion of Hungary,
now, to their credit, stigmatized the inhumanity of
Russia and Austria with respect to the exiles. They
might depend upon it when the Czar knew that' the
Government of this country were determined to support
Turkey, and were supported by the people, as he be-
lieved it would, he would think twice of his demand for
the bodies of the exiles, and fear to meet a small squa-
dron of the British.—(Cheers.) The lives of the unfor-
tunate exiles would be saved, and the independence of
Turkey maintained.—(Loud cheers.)
The resolution wascarried unanimously, and with much
applause.
Mr. C. GILPIN moved the next resolution:—
" That in the opinion of this meeting loans for war
purposes and for the maintenance of standing armaments
are unsound in principle and injurious to the interests of
nations."
He knew with what a about of derision the resolution
would be received in Printinghouse-square, for the
writers in the Times, judging by their own standard of
morality, saw no distinction or connexion between mo-
rality and capital and its use.—(Hear, hear.) The
people of this country, who had 101. to spare, were
asked, in effect, to reward such a miscreant as Haynau.
Let them !protest, in the name of all that was
just and merciful, against redeeming the blood-
stained bonds of that Emperor of Austria. If Empe-
rors were obliged to pay their wars out of their own
resources, what a salutary effect it would have upon the
Cabinets of Europe. There would then be more real
constitutions, less falsified promises, and less trampling
upon the liberties of the people. Such loans were
injurious to the interests of nations, and they
had abundant proof of it in their own case, for they had a
debt of 800,000,0001., the taxes levied:to pay the interest
upon which pressed heavily upon the people, but ground
the poor man into the dust.—(Hear, hear.) They and
their children's children would have to pay it.
Then two of the wars in which so much of
money had been spent were stated to have been useless.
It was time for the people of this country to say they
would have no more of this. Tho Hon. Gentleman con-
cluded a very eloquent speech, which was much cheered,
by proposing the resolution.
The Rev. J. BURNET seconded the resolution. Time
was when the people were the mere playthings of the
great men of the earth; but now the people would be
to blame if they let the great men do as they liked with
them. Let them shut their pockets, and there would be
no;war. The great men would find something else to do.
The Times said. Mr. Cobden's letter to Mr. Fry caused
much laughter upon 'Change. That was turning the laugh
back again.—(Much laughter.) He would rather see
them ergege in a hearty laugh than in a hearty war,
even if he were the cause of it.—(Laughter.) The
Times went on' to say, that in matters of business
politics were not minded, of which it said Mr. Cobden
appeared to be ignorant. This was equivalent to saying
that Mr. Cobden was not aware of what great rogues
these men on the Exchange were.—(Loud cheers.)
He was opposed to lending money for war altogether.
There was poor glory in war. When the sun went
down and the moon rose on the field of Waterloo, on the
18th of June, there was little glory in the sight of the
mangled bodies of the soldiers. Let the great men go
into the field alone, and let them have no pay, and they
would soon cease to war. If industry was capital,
war was the destroyer of capital and industry. Soldiers
were the only persons in the community who did not
produce anything. He and they were Icoked upon as
tittle men by the great men. Let the little men now
prevent the great men from doing what they liked with
he resources which they created.—(Bear, hear.)
A GENTLEMAN on the platform reminded the meeting

that this loan when looked upon in its truo light was
blood money, and that it would be applied to promote
oppression and slaughter.—(Hear, hear.)
The resolution was carried unanimously.
Mr. LEAP, of the Stock Exchange, moved, and Mr.
SCOBELL seconded, a vote of thanks to the Chairman.
Mr. COBDEN supported the motion. He could find a
game-cock or a bull-dog who possessed more physical
courage than any two legged creature they could
name. Now it was strange that men in Lombard-
street wanted moral courage—that men rich in the
world's goods were not themselves indopendent.—(Hear,
hear, and laughter.) Now, the Chairman, was a Lom-
bard-street man, and they were much indebted to him.
He (Mr. Cobden) hoped, that though be was a political
economist, he was not devoid of the common principles
of enthusiasm and humanity. It was said by the Times,
that he had brought Russia and Turkey by the
ears. (Laughter.) It was absurd. It was said
that the Emperor of Russia danced in his shirt when he
heard that the Hungarians had been subdued.—(Roars
of laughter.) Why, he ought to have been ashamed of
himself, not for dancing in his shirt—(Laughter)—but
for, in conjunction with Austria, their united population
being 100,000,000, attacking Hungary with 6,000,000.
Of that he ought to have been heartily ashamed. It was
not more than two years ago, that Bern and Dembinski
were in this country. Would the Emperor of Russia
have dared to demand them of us ?—(Loud cheers.)
Butit silo-wed thst the. Vaapse ot •ayss
eccentric ? (Laughter—so indeed were, all despots.
Nebuchadnezzar was eccentric, but not half so tyrannical
as the Czar.—(Hear, hear.) And though ho was an
advocate of peace, should he not be permitted, if
ho saw a bull pursuing his headlong course,
take the liberty of reminding him that he might run
his head against something harder than his own skull.
—(Laughter.) Therefore, he said if Russia attacked them
they would hermetically seal up her ports. Put a
jury of Dutchmen or Greeks who belonged to maritime
nations, into a jury-box, and they would declare Russia
could not meet us by land one six mouths of the
year, and in the next the frost would blockade
up her ports during the other.—(Hear, hear.)
Though the Emperor, in his eccentricity, might not
understand these things, his Ministers did so perfectly
well. Blockade the ports of Russia for six weeks,
and the Russian nobles, finding no sale for
their wool, and nemp, and flax, which was
all mortgaged before sent out, for they were all living
in anticipations of their means, as landlords did else-
where ; before they had hermetically sealed their ports
for six weeks the nobles would depose of the Czar's
eccentricity in order to sell their commodities.—(Hear.)
He laughed heartily at the idea of Russia going
to war with England, more heartily still at her
going to war with England and France. He
heartily joined with Lord Dudley Stuart in the hope
that Lord Palmerston had represented to Russia that
the unanimous feeling of the people of Western Europe
was against the attempt now being made to hadg these
people. Though he spoke thus, he did not mean in the
least to detract from the peace doctrines which he had
enunciated. The meekest member of the Society of
Friends if he saw a ruffian beating a child in the streets
would not hesitate to express his opinion at all events.
—(Loud laughter.) If he was told that he was
endangering the risk of the Emperor of Russia attacking
us by what he was saying, he would take all the risk upon
himself. But, in truth, there could be no war between
Russia and England if the Emperor could nut come here
at the head of a band of Cossacks; ha fact,
he would show himself in an aggressive capacity before
Englishmen at all.—(Hoar, hear.) Why, we
should not require more ships to blockade the ports
of Russia than we were keeping up in a time
of peace. In the course of a fortnight he hoped
to see Kossuth and his brave companions in this
country.—(Prolonged cheering.) The Emperor of
Austria was hourly decorating the breasts of the
butchers recently employed in Hungary ; and
would they lend him money to reward such
butchers.—(No, no.) And when Kossuth and his com-
panions came here let them see if they could not decorate
them with something more valuable still—the generous
applause of a great, free, and independent nation.
Tho motion was carried unanimously.
The Criarnsalar returned thanks, and the meeting
separated.

ERS.

SPANISH BONDHOLD
(THIS DAY.)
A numerous and respectable meeting of tho Spanish
Bondholders took place to-day at the London Tavern,
for the purpose of considering a memorial, or remon-
strance, to be sent to the Spanish Government upon the
subject of their claims.
J. CiPEL, Esq., was unanimously called to the chair,
and proceeded at once to read a letter from the Secretary
of the Dutch Committee, dated Amsterdam, sth Oct. In
that letter it was stated that M. Ducker was convinced that
Spain could meet all her engagements more easily than
any other State in Europe, if her revenues were properly
managed; and that, as to her national debt, Spain was
in a much better state than any other country in Eu-
rope. The letter concluded by expressing a hope that
the meeting would support their delegates at Madrid,
and that the bankers and press of London would
assist them in obtaining their just demands.
The Chairman said that he had received letters
from many parties calling upon him to use every exer-
tion in the cause, but they had not sent him the needful
for doing so. Hitherto he had borne all the expense
himself. The reason he had called this meeting was be-
cause the Cortes was about to meet, 'and he thought he
might remind them of their.claims. The Government of
Spain could find means to send assistance to the Pope,
but not to do justice to the bondholders. The re-
venues of Spain had been doubled within the last two
years, and yet it was the only nation that was not
endeavouring to pay its debts. Portugal was sending a
good deal of money to this country to pay its dividends,
and the North and South German States were doing
all in their power to pay their debts. In Spain they
had Finance Ministers coming in and going out expressly
for the purpose of evading payments. He thought it
would be much better that the bondholders should take
the matter out cf his hands by appointing a com-
mittee. He bad gone on hitherto for the
sake of his friends who had large stakes in the bond..
Though he admitted the Dutchmen were working hard
for the interest of the English bondholders as well as
gentlemanut
t o
Ma-
drid their own, he thought they ought to have a commis-
o
s on er
recommendedo f
their
byownm
atr .
Baring,3l a t
id.
provided the funds were forthcoming for that pur-
pose; and such faith had Mr. Baring in that gentleman,
wbToh would ul 'Ad'a gso a
that he stated he was ready to advance JOU, although
he had no interest in Spanish bonds. The chairman con-
cluded by moving the adoption of a strong memorial
to the Spanish Government, calling upon it to do justice
to its foreign creditors.
After some discussion, in which it was urged that the
subject should be brought before Parliament again, and
that Lord Palmerston should be reminded of the claim
of the bondholders,
The CHAIRMAN said that when he saw Lord Palmers•
ton, he would not negotiate for the bondholders, but
he would back any negotiation that came from the