The Sun.
London, England, 1822-05-03 00:00:00

THE MARKETS.

CORN EXCHANGE, MAY 3.
The corn market is in a very torpid state to-clay, the buyers
of wheat not being anxious to purchase further than the present
demand urges them ; the Barley trade very flat, and but very
little in demand ; Pease and Beans in the same state ; the Oat
trade very dull apd the supply rather large„; upon the whole,
we consoler prices the same as on Moo. iffy for what few
sales have been made to-day.

SMITHFIELD MARKET, MAY 3.
The m irket was plentifully supplied this morning with every
description of Cattle, amongst which were a number of the in.
ferior sorts; there was not much business doing, and the va-
rious prices of meat may be quoted nearly the same as last mar.
ket.day.
Beef 2s 6d to 3s 2d I Veal
Mutton 2s 6d to 3s Od I Pork
Lamb .... 4s. Od. to ss. Od.

THE LONDON JOURNALS.

rATRACTS F 1107,1 VIE DAILY MORNING PAPERS,
May 3, 1822.

[THE TIMES]
Ministers, it will be seen, were again left in a
minority last night, on the subject of the two
Postmasters. It appears to us to be more dis-
graceful to them, in a moral point of view, to
have attempted such an injustice as the retention
of two Postmasters-General, in the present state
of the country, than, in a political one, to be de-
feated is the attempt.

[NEW TIMES.]
The money market became exceedingly ani
mated yesterday, as soon as it was ascertained tha
the Bank Proprietors had decided favourably
upon the intended new Banking regulations.
Consols, which had remained fluctuating between
and 3, rose to 79; and at the close of the
market there were strong buyers at 791,- for the
Account. Thus it is that the cautious and de-
liberate manner in which Ministers adapt their
measures to the emergencies of the country, finds
its best approbation in the beneficial effect pro-
duced on public credit and the national resources;
-while, on the other hand, their political opponents
are driven successively to condemn all the prin-
ciples which they have maintained on these sub-
jects. A little while ago, many of them were
loud in their clamour to sacrifice the Sinking
Fund to the urgent necessities of the country.—
Now, the very same individuals cry out against
the proposed measure, as an infraction of the
Sinking Fund ! But lately, they said the salva-
tion of the country depended on a reduction
of taxes ; now that a plan for such reduction
is introduced, they are equally eloquent on
the injustice of relieving ourselves at the ex-
pense of posterity. Another set of objectors
are shocked at the inconsistency of keeping
up a Sinking Fund to pay off debt, and
creating annuities for forty-five years, to
bear the hardest upon the most distant part
of that period. Now in this proceeding there is
no inconsistency at all. It is conceded that the
Sinking Fund operates beneficially on the Funded
Debt. Indeed, had it not been for this institu-
tion, it would have been impossible to reduce the
Five per Cents. to Four. Thus far, then, the
Sinking Fund is beneficial, and ought to be
maintained ; but here is another part of our ex-
penditure on which that Fund never was intend-
ed to operate. Why should we not avail our-
selves of the means of reducing that part of our
expenditure for the present ? It is said this might
be done more directly by applying the Sinking
Fund to such a purpose. But by so doing, we
should lose the beneficial operation of the Sink-
ing Fund on the Funded Debt, not only as to
eventual diminution, but what is of still more
consequence, as to the continued maintenance
and support of public credit.

[MORNING POST.]
We are happy to find that the state of the suf-
fering.peasantry in Ireland is at length arresting
general attention, and we trust a public meeting,
will immediately be held for the purpose of rais-
ing such a subscription as may afford ample and
speedy relief. The Lord Mayor of Dublin is
about to convene a meeting for this laudable
purpose ; and the Lord Mayor of London has
been written to upon the same humane and ur-
gent occasion. Theirish.Papers received yester-
day contain some appeals to Government and the
upper classes of. Society in behalf of our wretched
fellow-creatures, now become the prey of pesti-
lence and famine; but it is chiefly in this coun-
try the voice can reach the affluent of our Irish
brethren, and we are persuaded they will prove
themselves duly alive to the heart piercing call of
suffering humanity.

[BRITISH PRESS. 3
Lord Normanby repeated his motion last night,
in the House of Commons, for the abolition of
ene of the Postmasters-General of England. It
will be recollected that the Noble Lord's former
motion on the same subject was refused by a ma-
jority so very inconsiderable that the Ministers,
if they had any respect for the dignity of the
Crown, and the real opinion of the House of
Commons, ought not to have permitted the
question to be again agitated. Their unwil-
lingness to accede to the wishes of the House
and of the Country they last night attempted to
excuse, by stating, that an inquiry had been in-
stituted into the duties of the office, and they
therefore prayed the House to suspend its opi-
nion upon the subject until the result of this
investigation should be ascertained. It was,
however, well observed by Mr. Bankes, who
argued in favour of the motion, that this inquiry
had reference solely to the details of the office,
and did not in any degree affect the principle of
the proposed abolition of one of the Postmasters,
upon which Parliament was fully competent to
determine. Mr. Stuart Wortley, who voted
against the abolition on the former occasion,
declared his intention last night of sup-
porting the proposition. The discussion was
continued until after eleven o'clock, when
upon a division the Ministers were left in
a minority of fifteen. The' numbers for/
the motion were 2.16; against it WI. This is
the most serious defeat sustained by the present
Ministers since the rejection of the scheme for
continuing the property tax.

[HORNING HERALD.]
We have given extracts from three different
sets of Resolutions, emanating from three distinct
sources, relative to the state of agriculture.—
The first from Lord Londonderry, the organ
of the Administration, the second from Mr.
Huskisson, who stands in the anomalous situation
of a servant of the Crown, differing from his col-
leagues, or his directors ; the third from Mr.
Ricardo, who is both a theorist on the subject of
political economy and a man of business. Mr.
Huskisson's situation is by far the most peculiar,
and we have looked the more closely to the Re-
solutions that emanate from him. His second
Resolution caused us some surprise. In it he

states that-the importation of Wheat 'into .the
port of London was, in'
1819 -* - 300,416 quarters.
1820 - - - - 399,009
1821 - - 494,828
Now, let it be observed, that this is merely a
statement of the supply, which says not a word
of the sale or demand. It is possible that the
whole quantity brought into the market was sold,
and even consumed—and, for argument sake, let
it be admitted that such was the fact. Here the

demand, if even the article had been merely sold,
and not consumed, would equal the supply. All
data in matters of arithmetical calculation on
both sides (we will say, to make the thing more
familiar, on the debtor and creditor side) should
be plainly stated, otherwise it is impossible to
have a just inference.