The Sun.
London, England, 1849-09-26 00:00:00

should not generally be permitted to exceed the
amount of private securities, or regarded as a legiti-
mate
mode of investment of the banking capital.
Whether others may feel disposed to join in the
demand already put forward for a decrease of the
rest will mainly depend on the manner in which the
directors henceforth execute the important trust
confided to their bands. If they still keep on the
pressure of " the screw"—if they still exhilit the
same stringency and illiberality that have been so
painfully perceptible since October, 1847, the corn-
mercial and trading community will require addi-
tional banking accommodation, which might be
provided from the resources which the directors of
the Bank of England are tither unable or unwilling
to bring into profitable operation.

The rria#oralty of Sir JAMES DUKE will be re-
markable for the hospitalities of which he has been
not only thetiOrior-, but the recipient. The entertain-
ment given last week," in honour of the LORD MAYOR
of London, by the Mayor of Manchester, was of
a most interesting nature in all its details. It was a
festival worthy the manufacturing celebrity of Man-
chester, and the commercial pride of England. The
labours of the manufacturing districts are so much
identified with our national prosperity, that the ire-
portance and magnificence of the great capitals of these
districts are matters of national pride and personal
interest to all classes of the community. Equally
significant and appropriate was the reproof bestowed
on " Coningsby " (as every one remembers), when on
that young representative of the new generation sigh-
ing for a visit to-the •Iliditerranean, and exclaiming,
" What would I nokgive to see Athens ?" it was wisely
retorted, " Have yore seen Manchester g" The age of
ruins is, indeed, "past; Manchester is the city of
the nineteenth century, and consequently a festival
like that which has just, been celebrated is endued with
more than a passing interest• As an evidence of the
rapid developement of our commercial prosperity, the
Mayor of Liverpool, in his speech on that occasion,
remarked, that when the last Prince of WALES and
his brother the Duke of CLARENCE visited Liverpool,
on the 18th September, 1806, the tonnage of that
port was 507,000 tons, and now in 1849 it is
3,600,000 tons ; this he believed would give credence
to the fact that this seat of manufacture alone had added
to the wealth of the country no less than one thousand
millions sterling. The Prussian Ambassador, Cheva-
lier BUNSEN, who was present at the banquet, was
eloquent in his praises of Manchester and England.
Speaking of the former, he said, " I do not intend to
enlarge upon a topic known to the whole word,
about the greatness of your skill and enter•
prise, and the vastness of your stores. I have seen
Manchester, and as everybody who has seen Manchester
will say with me, and has said to me—all my ex-
pectations have been surpassed." lie then more
particularly commended the system adopted at the
Penitentiary, believing it " to be a most important
thing that the law which runishes should endeavour
to reclaim those whom it has condemned." Speaking
of England, the Prussian Ambassador, alluded to the
memorable 10th of April, and added a hope, that
before long, Prussia and all Germany would be
equally unanimous in behalf of constitutional, civil,
and religious liberty. " Whrn we have emerged
from our difficulties," he said, " which I hope we are
fast doing, we shall run a race with you in many an
enterprise of industry, commerce, and trade." To
this intimation we most heartily respond—So be it
England will joyfully welcome competitors in such a
struggle. Chevalier BUNSEN'S sentiments have
already been forcibly expressed by the poet CAMP-
BELL, when he wrote—
The spirit of Britannia
Invokes across the main
Her sister Allemania
To break the tyrant's chain.
By one kindred blood, she cries,
Rise, Allemanians, rise,
And hallowed thrice the band
Of our kindred hearts shall be
When your land shall be the land
Of the free—of the free!"
That time, so dearly desired, we are now told is at
hand, and in Germany we are henceforth to find a
rival in the pursuit of liberty any the cultivation of
commerce. Again we respond—So be it l And again
to quote Chevalier BUNSEX, " their prosperity is our
prosperity," and vice versa. 'When we call to mind
these promises contained in the very excellent speech
of the Prussian Minister, and the eloquent discourses
of the LORD MAYOR and the other magistrates as-
sembled, and especially when we reflect on the
character of the meeting, and the city in which it
took place, we are justified in pronouncing the civic
festival of Manchester important in its principle, and
interesting in its details.