The Sun.
London, England, 1847-11-12 00:00:00

klitniag

LONDON, FRIDAY, NOVEMBER 12, 1847.

Much anxiety is usually felt by all classes during
the week immediately preceding the assembling of
Parliament. A natural curiosity exists as to the nature
of the recommendations that may be contained in the
Speech from the Throne, and the character and extent of
the measures that may be founded thereon by the Minis-
try. There are usually many points on which re-
forms have been demanded, in which it is hoped that
some concessions may be made to the popular demand.
Questions affecting the interests of particular classes
are discussed, and speculations made, how
far existing restrictions may be maintained or re-
laxed, in order to afford some guide to parties desirous
of entering into transactions with respect thereto, that
they may judge the most suitable time for making pur-
chases or sales or any description of contracts. The ensu-
ing meeting of the Legislature, however, possesses un-
usual interest, and the public attention is concen-
trated with more than ordinary energy on the
proceedings of their representatives. It is not merely
that. the popular branch of the Legislature has re-
d cently been elected, and that a great number of new
49" and untried Members have obtained admission to St.
t
, Stephen's ; neither is it that the meeting is to take
place at a most unusual period of the year, and that
c- the ease and tranquillity ordinarily enjoyed by the
Ministry previous to the Christmas holidays, is,
during the present season, to be exchanged for the
bustle of Parliamentary strife and party warfare,
that has occasioned so deep an interest. It is rather
tho certainty that the first subject which will be
brought before the Legislature by her MAJESTY'S
Government
thewill
relate to the monetary laws of the
countryto
rso
extraordinary nature of the emer-
gency which —after fearful a depreciation of every
description of
property, public an de
mercantile
private—after
t
unprecedented
stoppages of so many eminent
m
bank-
ing establishthents, the dented failure of
credit, and the
general embarrassmentspenrPsroencsegag
and financial
difficulties by which all
commerce, or manufactures, were aeffned in trade,
ected—and after
the almost universal cessation of employment, that ex-
posed the working classes to the greatest privations
distress at a time when a bountiful and abundant harvest
eutter
and
t
had just been garnered—had established h
failure and inefficiency of the existing system,
and
compelled the Ministry not only to sanction but even
to recommend a suspension and possible violation of
the law, in Order to stay the panic, restore the de-
parted confidence, and arrest the evils and the de-
struction which a few short weeks might have ren-
dered irreparable. Other subjects of interest will
he all-
undoubtedly be brought forward,
but the contem-
prated alteration in the monetary laws
mi is t
almost
to the exclusion of all others. Will 3linisters still
attempt to maintain the principle of a convertible
currency, of a fixed price for bullion ? Will they
still maintain the Act of 1819, or suffer it to fall
with that of 1644, its complement and corollary
Will they merely introduce new restrictions sub-