The Sun.
London, England, 1841-02-04 00:00:00

• we join heartily in the well-deserved compliment of
congratulationot Mr. Partridge,the Chairman oftheCan-
terbury Conservative Club, who " congratulated the
members and their friends on the result of their
labours, and observed that they were sufficiently
paid in having secured the return of a gentle.
man of so much talent and such high character as
the Hon. Mr. Smythe." If the result achieved at
Walsall were, as far as the exhibition of numbers, less
conspicuous, it must not be forgotten that the elements
to be battled with were more fierce, compact, unscrupu-
lous, and desperate. At Canterbury Mr. Smythe had the
Treabury for chief, if not only opponent, and all those cor-
rupt appliances at its command, which none better know
how to dispense thin the dapper triaster who acts as
Treasury fag; the task of the now Honourable Member
was arduous, but the foe was an unit. At Walsall the
case was different and more difficult, as Mr. Gladstone
could not fail to comprehend when he braced his sinews
to the strife. For here not only was the whole strength
of Government influence arrayed against him, but the
prejudices and passions of Dissent in behalf of the
saner-kraut-faced Puritan opposed to him, the No-Corn-
law furies of a brutal and ignorant populace, and the
long purse of that offspring of fraud and sedition, the
Anti-Corn-law League.

MONEY MARKET and CITY NEWS

(TUISDAY EVENING.)
TIMES.--An increased firmness was given to the
Funds this morning by the ems of the final settlement cf
the Eastern question, but it produced no advance of the
least moment, and even the character of firmness which
the market at first assumed was not wholly maintained
throughout the day. It is thus evident that other causes
than those connected with politics keep back the public
generally from any large investments in stock. Very
bigh prices of the Funds, such as prevailed a few years
back, are not to be looked for while money finds employ-
ment so much more beneficially out of doors, but they
would probably rise somewhat above their present level
were it not for the prevalent expectation that the Govern-
ment must borrew largely in the course of the present Ses-
sion, and consequently that additional stock must be created,
which capitalists may hope in that case to obtain on better
terms than the existing market prices. As much money is
kept in reserve for such a contingency, more probably than
the actual wantsof the State will find employment for, there
must occur some improvement in the Funds on the mere
contingency of the demand either falling short of the pub-
lic expectation or of a resort to other modes of providing
for the ways and means than by a direct creation of stock.
This uncertainty in the Money Market is of less impor•
tance, perhaps, than on many other occasions of the same
kind, but, so far as it gees, it is an evil and an impediment
:o public business, and it were very much to be desired
hat all Chancellors of the Exchequer should be prepared,
at the very commencement of each Session, to put in a
sort of exhibit of the public accounts, with information of
tl.e situation of the Treasury, the probable wants of the
year, and the mode of supplying those wants. In this
there could be no difficulty if due preparation were made
for it, and it would at once check speculation and give that
smooth course to monetary affairs which is so desirable,
above all others, in commercial communities like ours.
On the first announcement of the arrangement of affairs
in the E. st, the pikes of Consols rallied, but money being
wanted in the Market, and the dealers not having got rid
of the stock which they bought a little while back, they
receded to their old position.