The Sun.
London, England, 1838-07-09 00:00:00

T WESTERN

66 MONET MARKET, &c., JUNE 20. —The Stock Market
yesterday presented no change of the least moment, a moderate
business having been done, at prices similar to those of the
day previous. No sales of United States Bank were made.
2,000 dollars (in 6 per cent.) Treasury Notes sold at par;
considerable sales are also making privately, at the same rate.
Philadelphia and United States money LI per cent. disceunt.
" The first public tea sale which has taken place for some
time was made yesterday; the catalogue having been made
up of various portions of cargoes, afford rAther an inadequate
means of forming a correct opinion of the actual state of the
market; an advance in prices was, however, realized, and the
sale went off with spirit. The cargo per ship Asia will be
offered on Friday, and will determine more fully the state of
our market. _ _

" From Montreal we learn that the banks were discounting
freely, and that money was comparatively plentifully. Bills on
London scarce at 10 to 11 per cent., and on New York 1 to
1:21-per cent, premium. Montreal Bank Stock 103 to 104.

THE QUARTERLY REVIEW.

We have not before found time to advert to the contents
of the last number of the Quarterly Review, which, with
the exception of Mr. Croker's petard hoisting, the engineer
himself is unusally liberal. We do not know, in fact, if the
concluding paragraph but one of the article on Spanish
Genealogy, had been found in our or any other Anti-
Tory Journal, that it would not have been pounced on as
, a
striking evidence of our want of religion. It is wo-thy
of Voltaire, or Dubois, or any other French sceptic, who has
essayed to prove that all the miraculous part of the
Christian religion is a series of astronomical farts and ob-
servations, fastened on to the morality taught by Jesus
Christ. How it came into the Quarterly, Mr. Lockhart
must explain to the Archbishop of Canterbury. We may
conceive the insertion of such a passa4-e to be by oversight,
but the whole article on Atlantic Steam Navigation is
designedly democratical. It sets forth the progress and
levelling power of steam, and praises the Republicans.
For example :
" As regards, then, what may be called the mere mer-
cantile interests concerned—and chiefly the immediate (not
prospective) ones—between the two countries, particularly,
which seem to have taken up the enterprise in good earnest.
These, of course, will experience in this, as in every de-
partment, its first and greatest effects. To a vast ex-
tent, steam-vessels will take the place of sailing-vessels,
and that at once. This is not a case, be it understood, in
which most people can do as they please. A gentleman,
taking a honey-moon excursion with his bride, may possibly
prefer some other conveyance to astage-coach, or even a rail-
road—and he may ever be allowed to humour himself in his
fancy ; but not so the merchant, his agents, his letters, or many of
his goods. What one does must be done by all. The whole of
the mercantile world (with scarcely noticeable exceptions) will
from this moment adopt the new conveyance, so fares accom-
modation is provided for them ; their entire correspondence
must go the same way. The Great Western, on her first
trip has brought home twenty thousand letters—perhaps three
times as many as any sailing packet on the same route ever
carried.
" The reason of this transfer in each case is too obvious for
explanation ; but it may not be known to all our readers to
what a degree the uncertainty, as well as the length of a sail-
ing voyage to New York as compared with a steamed one, is
an argument for this new arrangement, and a proof of the ne-
cessity of its universal adoption. From the very high and
well. deserved: reputation of the Liners'—the most perfect
conveyance of the kind, and the greatest advance in merchant
navigation ever known up to the spring of 1838, it is perhaps
a common impression that a passage between France or Eng-
land and the United Statesin one of these superb vessels,
weight be counted on as much for a tolerably well settled pe-
riod of time, as for the co:nforts and luxuries to be enjoyed in
the course of it, or for the nautical management. The fact is
entirely otherwise, as every man in the business well knows.
Some seasons ore more unfavourable in this respect than others;
and the winter months are none of the best we allow. Neither

is the return voyage so uncertain or so long, we should remark,
j as the voyage out : —it is notorious that the " Liners" have
always had smaller fare coming than going, in about the propor-
tion of twenty-eight guineas to thirty-five, and that even the
steam-boats (without so much reason for it) have thus far conti-
nued the custom. But to take a case at hand—During the last
winter—at the very time when we were continually-getting 'late'
American intelligence, by unusually short and quite regular
passages,—the corresponding packets going westward were
encountering the full face of the same winds and currents by
which those coming ea,tward were propelled. All the
Liners' which left the three European packet.ports during
six weeks were baffled and beat about in such a manner, that
at one time abput eighteen of them were due at New York ;
and thirty out of fifty belonging to that port were then supposed
to be on the ocean, working their way home. The average
length of this passage is about thirty-two days. One of the
Liverpool ships, which sailed Jan. 4, was spoken, fifty-five
days out, in long. 43—some 1,000 miles from her destination ;
the others were fifty, sixty, or even seventy days on the
voyage." _

After remarking several examples of extraordinary long
passages, not forgetting the Diamond, which was 100 days
going from Liverpool to New York, and lost seventeen
passengers by starvation, and showing the advantages of
steam, both as to the certainty of the time of arrival as well
as the celerity of the voyage, the Reviewer adds—
" Almost all mercantile travel and correspondence must be
transferred at once. All light, rich, and seasonable merchan-
dise muA speedily go in the same way ; it will never do for
one man's silks, as the fashionable season comes on, to be 60
days on the voyage, while his neighbour's are 14; neitli.2r will
it do to buy long in anticipation of the market. As to travel
and business not mercantile, these, like the heavy articles of
commerce, will linger, more or less, for some time, with the
liners' and other sailing craft. Some people, on sea as well
as land, arc shy of your new-fangled steam things to this day,
and would rather stick by even a two-horse coach, a French
diligence, a Mississippi ark, or a Newcastle coal-sloop, than
trust themselves to the tender mercies of this second infernal
machine' in any of its shapes, especially for the awful distance
of 3,000 miles. We respect the caution of this class, but they
will gradually disappear, and so will those who profess to
prefer a longer passage, and abhor doing things in a hurry, as
much as if they were on half-pay. In fact, there will remain,
speedily, no opportunity for the indulgence of these fears,
whims, or tastes. We shall have to do, like the merchants,
what every body else does."
Noblemen and gentlemen will never engage a line-of-bat-

tleship, or even aiiner, to carry them exclusively across the
Atlantic, simply because the steam-ship is better than
either of the others, and they must content themselves with
that conveyance which the merchants will be compelled to
adopt. The same thing happens on our rail-roads as was
predicted ten years ago would happen—all parties must
travel by them. The business classes will, because they
save time and money ; and the rich and idle classes, be-
cause there is nothing equal to them. Princes put their
carriages on trucks, and go by the railway. If we had
chaunted in the strains of the Quarterly the levelling power
of steam, we should have been acting in our vocation; but it
commits in this article as great a heresy against the political
creed of its party as the conc!usion of the article on Spanish
Genealogy is a religious heresy. Mark also, reader, what
obedience to truth wrings from the Ultra-Tory Journals
complimentary to the American.

"Brother Jonathan is a business-man, no doubt; he looks
pretty well to the main chance; nor is he greatly shocked or
put to inconvenience by any of the ordinary methods of money
makinp; which fall in his way. In these particulars, be it ob-
served; he favours' old John himself. If the Americans are
not literally as much as we are a nation of shopkeepers,' it
is partly, we conjecture, because they reckon some other
things just as profitable, and not so very different ate they
after all ; we do not refer now to wooden-nut making, or
white oak cheeses, by any means, but to trapping, sending
out ice, and a most fanta,tie variety of those Yankee no-
tions,' so called by themselves—suitable undoubtedly to the
circumstances of the communities and countries in which they
originate, and to which they are destined ; in a word, where-
ver money is to be made, there are they as sure to be gathered
together as )oung eagles over a carcase. No obstacle stands
long in their way ; no distance, difficulty, or disaster, turns
them aside. Mr. Clay, in one of his speeches, relates an
anecdote of the master of a vessel who sorely embarrassed the
people of the Custom-house at Leghorn, by presenting ship-
papers made out at Cincinatti, a port some 2,000 miles up the
Mississippi, and one of its branches. Nut many years ago
the commander of a Russian exploring ship in the Ant; retie
Seas, coming on the coast of a remote and solitary island, was
proceeding as a matter of cc.urse to take possession in the name
of the Czar, when lo ! a sharp-built little sloop, of some 60
tons, made her appearance round a point of the island, and
hailed him to ask if he wished for a pilot ? It was a Connec-
ticut skipper,' who had cruised off that way to seek his
fortune;' the person is now well known here as captain of one
of the most splendid of those fine ships—the New York
Liners.'

" As a driving, penetrating, indefatigable, business people,
the Americans Lave a name literally all over the world ; they
are emphatically the universal Yankee nation.' And yet we
say—prominent as this part of their character in, considerable
as the interests are to which we have called a passing attention
—it in not these al..ne they have in view. Unquestionably
young Jonathan (as well as old John) thinks of something
besides packing his ice and his pork, and getting the equiva-
lent therefore. The Americans are not all merchants, and
the merchants are not all me-e mercantile men. They, in
common with the whole nation, with the entire continent,
have a vital, an exquisite interest in the O'd World, and
in the whole of it, and in all it; history, fortunes, and pro-
ecAings ; interests, social, literary, scientific ; interests, poli-
tical and religions. No great moverne.a can tnke place
among us widen they must not feel in every nerve of the body
politic of the States ; sooner cr later, more or less ; and
though distance (now reduced by one-half however), and
iohtion, and peculiar institutions, may seem almost to make
them, in some respects, an independent %%arid by themselves,
on the other hand, these very circumstances enhance, in the
American mind, thc freshness and &pill of the int, rest they
have in their connAion with the Old World, and the visita-
tions they are in the habit of getting from it."
We have not quoted, to our shame be it written, the
most amusing or eloquent part of the article, I.),cause we
have it more at heart to show that the tendency of society
now forces even the Quarterly Reviewer to acknordedge
the sues-sr of the levelling and democratic principles. The
firtiele should be read by every maw. The whole Number
is something more than Whig, as contrasted with what the
Edinburgh Review, the organ of the Whigs, was ten
years ago.

SPORTING IN TELLIGEN CE

HEDNESFORD RACES.—THURSD4
Subscription of 10 soya. each, with 25 added, for two years old.
Half a mile.
Mr. E. Peel's ch. c. Can noel Whitehouse 1
Mr. Fowler's b. c. Profligate
Mr. Giffard's b. c. by Priam, eut of Idalia .............. 3
Mr. T. IValters's bl. f. Iralsha, by Alternator
Mr. Massey's b. c, Tubalcain, by Cain, out of Mermaid........, 5
A good race.
Maiden Stakes of 5 says. each, with 25 added. Heats, a mile and
a half. Winner to be sold for 701.
Captain Lamb's ch. c. Metal, 4 yrs, Bst. 41b...Marlow 0 0 1 1
111 r. 'comes's b. f. Eliza, 3 vrs, 7st ...... . ...... 1 0 2 2
Mr. Marlow's ch. f. Bishop;gate, 3 yrs. 7st
Mr. Lucas's b. f. Nimble, 4 yrs, Bst. 21b...
Mr. Wyatt's b. f. by 13rutandorf, 3 yrs, ist... fell
The Anglesey Stakes of 5 soya. each, with 25 added. Heats, mile
and a quarter. Winner to be sold for 2001.
Mr. T. James's br. c. Jim Crow, 4 yrs, Bst. 71b...Marlow 1 1
Mr. Britchley's gr. c. by 13cdlamite, 3 yrs, 7st. Ilb ......... bolted

STOCKBRIDGE RACES.—FIuDe
Sweepstakes of 50 sovs. each, h. ft., for two years old; colts,
Bst. 7113 ; fillies, Bst. 41b. T. Y. C...
Mr. W'reford's b. c. Westonian, by Comet
The Mottisfont Plate of 100 sovs , the gift of Sir John B. Mill,
Bart., added to a Sweepstakes of 20 sovs. each, Goodwood Cup
weights. Three miles.
Mr. J. Day's Zethus, aged Chapple 1
Mr. S. Herbert's Luck's- All, 6 yr%
2
Mr. S. Herbert's Bulbridge, 4 yrs
3
Lord G. Bcntinek's Ve:,ison, 5 yrs
4
Betting-2 to lon Venison, 3to 1 agst Zethus, 3to 1 agst
Luck's-Ail, and almost any odds agst Bulblidge. Won by half a
neck after an excellent race.
The Stockbridge Stakes (handicap) of 15 sovs. each, 5 ft. Mile
and a half.
Lord G. Bentinck's Foozool, 5 yrs, set. 91b... ...... J. Day, sen. 1
Mr. Foster's Combat (h. b. ), 5 yrs, Bst. 61b 2
Duke of Richmond's Skilleygolee, 5 yrs, ist
Capt. Williamson's Mervan, 4 yrs, 7st. Blb bolted
Won by a length.
The Andover Stakes on Thursday were won by Capt. Pettat's Ca-
liph, 6 yrs, 11 st. 11b. (owner), and not Chit Chat, who did not run.

NEWMARKET JULY MEETING, 1838.
The following are the appointments for this meeting, which cam
menses to-morrow :

TUESDAY, JULY 10.
Handicap Sweepstakes of 10 sovs. each, for three years old and
upwards. New T. Y. C.
The July Stakes, a Subscription of 50 soya. each, 30 ft., for two
years old ; colts, Bst. Gib ; fillies, Bst. 41b. New T. Y. C.
"Mr. C. Wilson's b. f. by Mulatto, out of Yorkshire Lass ; *Duke
of Richmond's ch. c. Bulwark, by Defence, out of Europa ; Mr. J.
Day's b. f Belvidere, by Actaeon, out of Belvorina ; Lord Suffield's
ch. c. by Logic, out of Cuirass ; Ld Suffield's b. c. Bob Logic, d. by
Walton ; *Lord Suffield's f. Alms, by Langar' out of Charity • Mr.
Bowes's b. f. Estella, by 13rutandorf, out-ofErninell's dam : Mr.
Bowes's br. f. Quadroon, by Mulatto, out of Munstee's dam ; Mr.
Bowes's b. c. Ishmaelite, by Ishmael, out of Medea ; *Mr. Smith's
b. c. Psahnsinger, by Jerry, out of Chorister's dam ; Mr. King's f.
Fun, by Gaberlunzie, dam by Frolic ; Mr. King's ch. c. Felo-de-se,
by Velocipede, out of Dido; *Lord Exeter's ch. c. by Reveller, out
of Advance ; *Lord Exeter's br. f. by Sultan, dam by Abjer ; Lord
Exeter's ch. f. Macremma, by Sultan, out of Dulcinea ; *Colonel
Anson's ch. c. Courser, by Actaeon, out of Locket; Colonel Peel's
eh. c. by Vagabond, out of Margaret ; Colonel Peel's ch. f. by Re-
veller, cut of Sister to Green Mantle ; *Lord Orford's Sister to
Ascot, Lord Orford na. hr. c. by Mulatto, out of Liska ; *Mr. Ed-
wards's ch. c. Royal James, *Mr. Bircham's hr. f. by Rouncival,
dam by Cat ton ; Mr. King's b. e. Candour, own Brother to Osprey ;
'Duke of Rutland's b. f. by Camel, out of Elizabeth ; *Alr. Rogers's
c. by Wiseacre, out of Zany's dam ; *Duke of Grafton's b. f. Drog_
heda, Sister to Dublin ; *Lord Lichfield's b. c. by Priam, out of
Seamerr ; Lord Albemarle's c. Tyrms, *Mr. Knight's b. c. by Row-
ton, out of Margaret; *Mr. lludson's b. f. Lava, by Rouncival, out
of Mount Etna ; * Mr. Morgan's ch. f. by Rowton, dam by Sam ;
*Mr. Thornhill's b. c. Brother to Munchausen, Mr. Thornhill's b.
f. by Emilius , out of Farce.
Duke of Grafton's ch. 1. by Taurus, out of Problem, had paid
forfeit.

Match, 100, h. ft. T. Y.C.—Colonel Peel's Bantam, by Muley;
out of Bequest, agst Lord Suffield's Marchioness, sister to Mar.
grave, Bst. 41b each.

wEnNEsn).r.
Fifty Pounds; for three years old, Git. I llb ; four yrs, Bst. 21b ;
five yrs, Bst. 101 b; six yrs and aged, 9st. D.I.
Sweepstakes of 10 sows. each ; for three years old, Gst. 9;13; four
yrs, Bst. Ilb ; five yrs, Sst. 101 b; six yrs and aged, 9st. F.M.M.
The winner to be sold for 300 sovs., if demanded, &c.