The Sun.
London, England, 1838-01-18 00:00:00

MONEY MARKET.

WEDNISD&Y.—The appointment of Lord Durham to his important
trust in Canada, added to the debates on the affairs of that colony in the
House of Commons last night, has given the greatest satisfaction in the
city; especially amongst those mare closely connected by their commer-
cial transactions with the revolted province. as matters, it is hoped, will
now be adjusted with decision and promptness, and measures adopted to
prevent any further opposition to the acts of the Executive. In the
English Stock--market a material effect was produced, and an advance of
per cent. took place in Consols, while things generally looked more
cheerful, and business was animated as well as extensive. The tran_
sections in shares still continue to be very extensive, but the market ge-
nerally vas heavy to-day, and many of the railway undertakings, which
have risen considerably lately, sustained a marked depression; but this
kindof re-action often occurs when the improvement has been material
and rapid. In those of the London and Brighton line there appears to
be a perfect mania, for the improvement which has taken place within
the /hat few days, cannot be attributed to any other cause than wild spe-
culation, when it is recollected. that the whole of the money paid up,
namely, 3L upon 36,000 shares, has beer expended in the preliminary
Parliamentary and law expences; and that a call must be made before
a spade can be put into the ground.—MornMg Chronicle.
The English Stock Market has improved to-day (Wednesday). The
general tone of the debate last evening," and the determination evinced
by a great majority of the Douse of Commons to support the Govern-
ment in_ a decided course of policy with respect to the Canadae, are
generally assigned as the causes for the better appearance of the funds.
Consols closed at 911, sellers, formoney, ex-dividend, being an advance
of 3 per cent. upon the quotations of yesterday. For the account the
price was precisely the same as for money, which indicates a want of
conddence by speculators in the stability of the market. It is said that
trie advance to-day is mainly attributable to investments, though on a
-small; stale, on the part of the pUblic, with whom money has been made
abundant by the payment of the dividends, Bank Stock was 20.1! to 51 ;
India Stock., 261 to 2 ; Exchequer Bills, 535. to 565. ; India Bonds,
503. totals , and those to be paid off las. to lot. premium.—Times.
The apppintment of the Earl of Durham to the Governorship in
Chief of the Canadas has rather taken the parties connected with those
Colonies by snrprise—the less so from party feeling here, but the mote
so. because in none of his diplomatic experiments has he shown that
determination to preserve the independence of the British Crown, and
inasmuch as in all his diplomatic actions he has made expediency his
motto, Nevertheless, there arc many here who consider that he pos-
sesses sufficient firmness of chracter for the difficult task he has under-
taken. Our monetary quotations wilt show an improvement in the Bri-
tish Ponds, arising more from the quiet tone of the debates in Parlia.
ment last night, than the appointment of Lord Durham.—Morn. Herald.

PRIVATE BUSINESS OF PARLIA-

MENT.

Mr. Poulett Thomson last night gave notice of a
motion for extending the Breriates of Private Bills. This
is one of the reforms in the private business which is much
wanted, for anything more slovenly or useless than the pre-
sent mode of briefing Bills cannot well be imagined. This
is doing for the House that which we have promised to do
for the public. The present Breviates merely narrate the
classes of clauses, without expressing their nature or
operation. Our plan will be to acquaint all parsons in-
terested in such Bills with the objects and the mode of
effecting them ; and this, we presume, is all that Mr. P.
Thomson means by his motion.
We were in error in stating that the Committee on Pe-
titions did not meet yesterday, in consequence of Mr. Shaw
Lefevre's absence from town. The Hon. Member ex-
plained in the House, last night, that the Committee had
adjourned to the sth of February, before it was understood
that the House was to re-assemble on the 16th of January ;
and notice to this effect having been given in the Private
Bill Office, to the Parliamentary Agents, the Comm -
teei in justice to the parties interested in promoting or op-
posing Private Bills, could not possibly resume its sittings
on an earlier day.

HIGH WAT/Alt AT LONDON BRIDGE TO-MORROW.
Morning ..... 17 minutes after 7 I Evening 43 minutes after 7

Now ready, in 2. Toll. Eve.,
DIAR Y OF THE TIMES
OF GEORGE IV.

With Numerous Letters of

Queen Caroline, and other Royal or Distinguished Persons.
" This publication has already excited considerable interest, and
will probably be found for some time at the head of every Circu-
lating Library in the kingdom. It is a Chronicle of the fortunes
of Queen Caroline, Consort of George IV., while Princess of
Wales. The writer had indubitable opportunities to witness the
tenor of her life, and to be entrusted with the secrets of her pri-
vate sentiments. A truly feminine nicety of observation in read-
ing character, and subtlety in detecting motives, mark every page
of her Diary, and give it consistency and authority. IT is
IMPOSSIBLE TO DOUBT ITS GENERAL VERACITY."—Morning
Herald.
Henry Colburn, Publisher, 13, Great Marlborough-street.

COMPANION TO LODGE'S PORTRAITS.
NEW and CHEAPER EDITION, with CONSIDERABLE
ADDITIONS.
On the First of February, with the Magazines, Part 1., to be com-
pleted in Six Monthly Parts, price 7s. 6d. each,
MEMOIRS OF THE BEAUTIES

OF THE
COURT OF CHARLES 11.,
With an Introductory View of the State of Female Society,
and its influence during that remakable Reign.
By MRS. JAMESON,
Authoress of " Characteristics of Women," &c.
Comprising A SERIES OF TWENTY-TWO SPLENDID
PORTRAITS, illustrating the Diaries of Pepys, Evelyn, Claren-
don, and other Contemporary Writers of that gay and interesting
period, engraved by the most distinguished Artists, from drawings
made by order of
HER LATE ROYAL HIGHNESS THE PRINCESS
CHARLOTTE.
The following is a List of the Portraits comprised in this Work
which supplies what has long been a desideratum in the Fine Arts,
and forms a desirable Companion to Lodge's Portraits :
Catherine of Bra.ganza. Lady Denham.
Lady Castlemaine. Lady Bellasys.
La Belie Hamilton. Mrs. Nett.
Countess of Ossory. Countess of Sutherland.
Ncil Gwynne. Mrs. Middleton.
Duchess of Somerset. Miss Bagot.
Duchess of Rishmond. Miss Jennings.
Lawson. Duchess of Portsmouth.
Countess of Chesterfield. Countess of Northumberland
Countess of Southesk. Duchess of Devonshire.
Countess of Rochester.
Henry Colburn, Publisher, I
• .1' Orders receiv,

Great Marlborough-street.
l by all Booksellers.

The publicaties ve Tins SUN NZWIPATER commenced this day
a: 10 minutes pest Three o' Clock.

pacification of Lower Canada—a plan detailed in hie
speech on Tuesday night, but of which it appears
we, in common with nine-tenths of his Lordship's
ar.ditory, and the whole of the London press, misap-
prhend the purport. To prevent the possibility of
fukher misconception, we subjoin the exact statement
mitde by the Noble Lord in his speech of last night :-
14 With respect to the future government of the Province, it is the
in ntion of the Government, as I stated last night, that that object
1.,
sh I be effected by the prerogative of the Crown, to summon a certain
eu berofpersons, namely, three from each Legislative Council of Lower
an 4 Upper Canada, amounting to six in the whole, and ten representing
the( Province of Lower Canada, and ten representing the Province of
Upper Canada, making twenty in the whole, to form a body for the pur-
-1 pos of consulting the Governor-General on all the matters affecting
the whole interests of those two provinces, and the adjustment of
th a affairs upon which so much difference, and, at length, so
in4h disturbance has arisen—this I say, is a power which may be
given by the prerogative of the Crown. With respect to persons to be
nar4eil by the Legislative Council, those persons will be named from
thel Legislative Council, but chosen and appointed by the Go-
ve orl
r.General. With respect to tke persons who are con-
sid ed to have a representative character, those persons may
be hosen from the Legislative Assembly; and is in the case
of Lower Canada, it Is almost impossible that the Legislative
As mbly can any way be brought to act beneficially in pursuance of
thi plan, it will be in the power of the Governor-General to have elec-
tion both with respect to the Lower Province, and, if necessary, with
resplect to the Upper Province; to have the election of persons, amount-
ing to ten in the whole, for each Province, in order to consult upon
the igeneral affairs of the Provinee. Sir, I stated last night what
the (object of this plan was. The object is, that in any future plan
for the Government of the Province we may not adopt them either
wholly on the authority of the Imperial Parliament or of the
Government of this country, or adopt them wholly on the authority
of the Governor-General, but adopt them an the authority of the Im-
perial Parliament of this country and the Government of this country,
with the sanction of those who represent the interests of America, and
being conversant in all affairs transacted there, know perfectly well
what are the remedies which, in their opinion, will produce that which
her Majesty has declared to be her object—the lasting peace and con-
cord of that province."
Much misconception would be avoided were the
Government to state, whether it is proposed to grant a
new Constitution to Lower Canada only ; or whether
there is any intention on the part of Ministers,
to extend the new Constitution to the Upper
Province a 3 well as the Lower. If, as Sir FRANCIS
B. HEAD alleges, the inhabitants of the Upper
Province outvie in loyalty the people of England, we
can see no strong grounds for disturbing their present
form of Government—consequently none whatever for
inviting them to recommend a Constitutional scheme
for the Lower Province. If it be proposed to re-
unite the two Provinces under one Constitution and
under one Governor, well and good—the Government
plan then becomes intelligible, though, even in that
case, some may question .the efficacy of its results ; but
if there be no intention on the part of Ministers
of uniting the two Provinces, the summoning dele-
gates from the one to advise a form of Government for
the other, will only serve to kindle feuds between them,
which it may hereafter be very difficult to eradicate.
PITT'S great error was the division of Canada into two
provinces, and the very best thing Ministers can now
do will be to seize the present favourable op-
portunity for effecting their re-union, and if it be
found practicable, to unite under one Governor-
General the entire Administration o!' our territories in
North America. The petty Admini3trations now kept
up only serve for appointments for Cie needy scions of
the aristocracy, thereby entailing a heavy and useless
expense upon the Colonists. To s: ,leede the claims
of the PAPINEAU party in Lower :,anada, and at the
same time to maintain therein the [.. cendaney of Great
Britain, is totally impossible.

Sir ROBERT PEEL is acting ou :he Canada ques-
tion with his usual jesuitism. FL pretends to con-
sider it a high misdemeanour, cn the part of the
QUEEN'S Ministers, that they did not before the re-
cess bring forward the Address to her MAJESTY on
the state of Canada, which they proposed on Tuesday
last. Now, if this was a niatter-of such vital im-
portance to the country as the Tamworth Baronet
would have the public believe he regards it, why did
he not say so at the time ? Why did not he, the
leerier of the Opposition, stand up in his place, boldly
charge Ministers with their neglect of duty, and
more the Address himself, if they refused ? This
would, at all events, .have been an open and manly
course of proceeding. But frankness and candour
are no part of Sir ROBERT'S character. And how
does ho attempt to shield himself from the
blame that he is sensible he has incurred ? How
pitifully does he try to crawl out of his awkward pre-
dicament ! « I happened not to be in the House on
the day that the affairs of Canada were discussed,'
softly whispers the Right Hon. Baronet, apparently
unconscious that, knowing as he did, that the Canada
question was to come on, it was his paramount duty to
be at his post.
Look, too, at his conduct on Tuesday last. In al-
luding to the course pursued towards Lower Canada,
ai:d to the proposal of a total separation of that colony
from the mother country, he puts a hypothetical case
about an island, such as the Isle of Wight or the
Isle of Mann, resolving to throw off its allegiance if its
extravagant demands were not granted—ought the
Government to hesitate, he asks, as to the employment
of strong measures to reduce the mal-contents to
subjection ? A straightforward person would have
said at once that which the Right Hon. Baronet
insinuated—namely, that the proper course to be
adopted towards the people of Ireland, was not the
MULGRAVE policy of.justice, and justice too adminis-
tered in a spirit of good-will and kindness ; but that
sort af justice which comes home to the heart through
the mouth of the cannon and the musket. This is
the policy which is in store for Ireland, should Sir
ROBERT and the Tories ever agaist come into power.

We have read with the utmost cars the speech o
Lord JOHN RUSSELL on Tuesday on introducing
his plan for the adjustment of the affairs of Canada—
his speech on applying for leave to bring in a Bill,
and his explanation in answer to questions from Sir
ROBERT PEEL, relative to the election of the ten
Commissioners for Lower Canada—and after all
cannot find out one expression which can lead us even
to imagine in what mode or by whom they are to be
elected. " They are not to be taken from the
Lower Assembly"—" they are not to be nomi-
nated by the new Governor-General"--was all
that could at first be drawn from his Lord-
ship ; and when further pressed he only replied
that " he thought means might be chosen, and
adequate provision made, for the election of persons to
represent Lower Canada." There should have been
no boggling on this important point in a Bill intended
to satisfy both parties, and the much more manly course
would have been to say, that the constituency of the
Lower Province, now that the great agitator is out of
the way, shall hays another trial, and be allowed to
choose the ten Commissioners who are to represent
their interests in the Council of the Governor. His
influence in the Council will be sufficiently
ample, even under such circumstances. He
nominates six Legislative Councillors ; ten Commis-
, sioners are to be selected from the present Members
Lof the Legislative Assembly in the Upper Province ;
and considering the strong feeling that prevails there
in favour of British interests, it is evident that the
preponderance will not be on the side •f the French
party. Besides, the decision of this Board is not to
be final ; they are to sit as a Committee to enquire and
recommend ; and any resolutions or recommendations
they make will be left ultimately for the judgment of
the Imperial Parliament. Unless the stronger party
in Lower Canada, therefore, be allowed the free choice
of their Representatives in the Council, they cannot
possibly be satisfied, and it would be wise in the
Government to make some explicit declaration on this
point without delay. Probably some more explicit
explanation will be given in the House of Lords this
evening, and we shall therefore wait for the result.

er-i) f;4:,
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Zrbi NtVgt.
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