The Sun.
London, England, 1838-06-02 00:00:00

the exertions which we have made to arouse public attention
to the evils resulting from so absurd and pernicious a mono-
poly, it affords us extrema pleasure to quote the following
excellent observations from the City article of the Times of
yesterday, where the subject will be found treated in a spirit
at once liberal and enlightened, and which must place the
Irish people of all sects and parties (for all, in a great de-
gree, are sufferers from the system), under a heavy obliga-
tion to our Contemporary for having, in this case, cast aside
all factious considerations, and avowed itself the advocate
of a meassure which would confer important benefits upon
Ireland :
" People arc anxiously waiting for some definite information
respecting the proceedings of the Committee on Joint Stock Banks,
and more particularly with reference to the renewal of the Bank of Ire-
land charter. It is known that a deputation from Drogheda have had
several interviews with Mr. Spring Rice far the purpose of remonstrat-
ing against the renewal; and, if public report may be credited, these
gentlemen have succeeded to some extent in the' object of their mission,
and have obtained a pledge from the Chancellor of the Exchequer that
the exclusive privileges of the bank for issuing notes, which at present
extends to a circuit of fitly miles round Dublin, shall in the forth-
coming charter be restricted to that place and five miles round it.
With respect to a monopoly weighing so prejudicially upon Dub-
lin above all, it would appear that the absence of any ener-
getic representations from thence may be accounted for from
the sensitive apprehensions of the trading and other classes lest
any steps taken by them against the Bank might be visited upon them, to
the prejudice, if not ruin, of their credit, by the agents of that establish-
ment, in whose power more or less so large a portion cf them are en
thralled. This explanation will be perfectly intelligible to all who are
aware how similar feelings are known to actuate so infinitely more
powerful a community of traders and capitalists here towards the Bank
of England.

" There seems no sufficient cause why Dublin and its vicinity should
continue subject to a monopoly from which Droghedl and other places
are, or arc 'to be, exempt. The debt of 2,500,0001. due by Go-
vernment to the Bank of Ireland is no valid ground for the re.
newal of the charter in whole or in part which has expired.
The Bank reaps more than an adequate advantage from
that employment of its capital in the shape of 4 per cent. interest,
whilst Government could easily raise the amount necessary in the
market at any moment at :Si per cent., or less, and pay otf the debt.
It is apprehended, bov..ever, that no opposition will be offered in the
Joint Stock Bank Committee to the intended renewal by the Govern-
ment, since there but one Irish Member on that Committee at all
conversant with the subject of banking, and he a leading member of a
Joint. Stock Bask in Ireland, understood to be under certain obligations
to the Bank of Ireland during a late crisis, upon an understanding that
the renewal of the bank charter was not to be opposed by him. All
this, if it is not justtce, will be at least consistent with the whole financial
policy of Mr. Spring Rice It is a course of patching and expedients,
without one manly or statesmanlike view of the subject."
It certainly would speak badly for the activity and inde-
pendence of the mercantile classes of Dublin, that not
single petition has, up to the present hour, been forwarded
from that locality, remonstratingagainst the renewal of a char-
ter from the operation of which they suffer so severely, were it
not notorious, as the writer in the Times accurately states,
that the moneyautocrats of College-green exercise a despotic
influence over the majority of the Dublin traders. The
accommodation of the Bank of Ireland has always been
capriciously afforded, and there are very few persons in
trade who would have the hardihood to rake the standard
of apposition against an establishment which could employ
many means of inconveniencing, perhaps utterly destroying,
them. However, when we make this apology for the people
of Dublin, we must, in truth, observe that they have dis-
played a reprehensible apathy, for not only have there been
no meetings or petitions upon the subject, but even the
Press, with one solitary exception (we allude to the Dublin
Pilot, which first grappled with the abuse, and has since
ably continued to expose its evils), has maintained a remark-
able, and, we might add, a culpable taciturnity regarding
it. A comparatively insignificant deputation from Drogheda,
having a just cause, and sustained by ourselves and sonic
of our Contemporaries, have, by their mere visit to Down-
ing-street, in company with three or four Irish Members of
Parliament, persuaded the CHANCELLOR of the Ex-
CHEQUER to listen to reason, and, in future, confine the
monopoly to the city and environs of Dublin. Should not
this face tend to awaken the citizens of Dublin from their
lethargy, and teach them what is to be attained by an ordi-
nary display of energy ? The trade of the Irish metropolis
is daily decreasing, notwithstanding that it can boast of
many peculiar local advantages calculated to advance corn-
ineremi prosperity. Its remnant of manufacture is fast ex-
piring, although, having a hardy, numerous, and industrious
population, it is well suited for the establishment of manu-
factures ; but it requires banking accommodation, such as'
Manchester, Liverpool, and Glasgow enjoy, and therefore
even wealthy capitalists will pause before they embark their
money in a place where they will be under the controul of
such an establishment as the Bank of Ireland. It will be
hardly believed that the Bank of Ireland refuses to take
Bank of England notes in payment of bills but at an enor-
mous premium or discount—so that a case might occur
where a manufacturer might have 20 0 0 0 / . of Bank of
England notes in his coffers and yet be unable to pay
his workmen their weekly wages. What a pretty tempta-
tion this is for embarking capital in the Irish metropolis!
Let the people of Dublin come forward with petitions :
their Representative, Mr. O'CONNELL, whom we know to
be ardently opposed to the perpetuation of the Bank
of Ireland charter, is placed in a position peculiarly
favourable for procuring them justice, and they will
yet induce the CHANCELLOR of the EXCHEQUER to give
them free trade in banking. Lord LIVERPOOL told
the Bank of England proprietary, when their charter was
last renewed, " that such monopolies had gone out of
fashion." Should the citizens of Dublin but do their duty,
Mr. SPRING RICE will be compelled to give the same un
palateable information to the Directors of the Bank o
Ireland.

The whole of the Paris Journals of Thursday have been
roceived. The /ifonitcur contains the following telegra-
phic dispatch from Spain :
" BAYONNE, MAY 30, lIALF-PAST S.—Yesterday General O'DONNELL
occupied Vera and Lesaca without resistance and without excesses tak-
ing place."

A letter from Bayonne of the 28th ult. states, that dis-
cord continues to rage among the Carlists. The disturban-
ces at Onate and Villabona, in spite of the attempts at ex-
tenuating them, have been more serious than was at first
thought. Don Carlos has been compelled to give some
satisfaction to the Basque troops by ordering all Castilians,
and other strangers, to arm and form themselves in
battalions under penalty of receiving no more rations. The
Basque troops are not satisfied with this ; they insist upon
clearing the country north of the Ebro of all strangers.
The same letter goes on to assert, that the country pants
for peace, being absolutely exhausted. All this is denied
by the Carlist organs, but we have scarcely a doubt of its
correctness.

The Budget of the Minister of the Interior was voted on
Wednesday in the Chamber of Deputies, after an
animated debate on the question of Foundling Asylums.
The opposition succeeded in effecting various reductions
in several of the items as originally proposed by M.
Montalivet.

FRENCH FUNDS.—PARIS, MAY 31.
LATEST PRICES.
Five per Cents. 109 f. 55c.
Three per Cents., Sif. 30c.
Bank Actions, 2,72 A
Romans, 101%.
Belgian Loan, 109.%.
Belgian Bank, 1,425 f.
Portuguese Three per Cents., 241 A.
Spanish Actives, 2?%.
Ilaytian Loan, COL

With reference to the complaints made by bur agents at
Birmingham, Manchester, and Dublin, relative to the non-
arrival of our papers of Monday last, we have caused
the necessary inquiries to be made at the Birmingham Rail-
way Station here, and we have been informed that, although
the newspaper parcels were booked at the Station at
Euston-square, and the especial attention of the bookkeeper
drawn to the tact that they were newspapers to be for-
warded per mail that evening, by some neglect on the
part of the servants of Messrs. HORNE and CHAPLIN, who
are the contractors for conveying the mails, the parcels
were detained for several hours. We are determined to
sift the matter to the bottom, in order to ascertain who are
the parties responsible for this neglect, and prevent if pos-
sible a recurrence of such misconduct. One parcel, con-
taining 200 papers, addressed to Alessi.c. Johnst,,,,,, ec, ,
Dublin, has never reached its destination.

REPRESENTATION OF INVERNESS-

SHIRE.

(From the Inverness Courier.)

The Chisholm has resigned his seat in Parliament. As a successor to
Chisholm, the Master of Grant (eldest son of the Hon. Colonel Grant,
of Grant, M.P.) has come forward to solicit the suMages of the electors.
All we have heard of this young gentleman is highly to his honour, but
he is utterly without experience of public measures and public men.
He knows nothing of the local interests of Inverness.shire, and We feel
strongly, that before soliciting such a trust, there should be some previous
preparation. Let the Master of Grant attend our county meetings for a
few years—let him mingle with our agriculturists and merchants—let
him observe how our commerce and fisheries may be extended—and
what are the true wants, Wishes, and interests of the electors, and
we readily admit that a better or more amiable representative
could not be found. But why should the extensive county of Inverness
be transferred from one hand to another, as a sort of theatre in which
young gentlemen may try whether they are fitted for discharging the
duties of a Member of Parliament ? Are we to have the excitement of
another election, merely to disappoint again the hopes and expectations
of the electors ? In the meantime, we trust the constituency will pause
before finally committing themselves in a matter of such importance.
We are authorised to insert the following :
" It has been industriously circulated that the Master Grant will not be
opposed on the present occasion as a Candidate for the representation of
the County. We can assure the Electors, that a Liberal Candidate
will immediately address them. The keenness with which the can-
vass is carried on by the opposite party shows that they are far from
being confident of success. It is hoped the electors will riot be deceived
by she reports alluded to, but will reserve their votes until the opponent
of the Mester of Grant announce himself"
The writ arrived here on Monday, and Sheriff Tytler hes fixed the
following days for the election :—Nomination at Inverness, Tuesday the
12th of June. Polling at the different stations on Thursday and Fri-
day, the 1-ith and 15th.

It is rumoured in town that if Mr. Grant of Glenmorriston does net
again rome forw..rd, Mr. Ila Tie, rf Kinguissio an:: Gl,n;:,!g, (who fc,r.,
merly represented the city of Bristol on the Liberal interest) will solicit
the suffrages of the electors,