The Sun.
London, England, 1841-01-06 00:00:00

LONDON, WEDNESDAY, JANUARY 6, 141.

MONEY MARKET and CITY NEWS.

spoil any future coalition for thepurposes of repeal between
the Whig Rump and the O'Connell Tail. Now, it will
take a g‘.)od deal to prevent such a junction. No mere
accumulation of insults from Mr. O'Connell will affront

(TUESDAY EVENING.)
TIM E S.—Tn consequence of an account of the state
of the Danish West India islands, published on the 16th
of September, on the authority of the American Journals,
a letter has been written by a Correspomlent in St. Croix,
or Santa Cruz, as it is indifferently called, in which he
gives a description of what has been done with respect to
the slaves, his account differing in many points from that
already given. As so hog a period has elapsed since the
notice in question, it may be as well to say, that according
to that statement the Goernor had returned from the
coronation of the King of Denmark to St. Croix, and
that though his idea was only that of allowing the slaves
every Saturday, in order that they might earn money to
purchase their freedom, a nation was prevalent that he had
brought from his home Government papers authorizing
emancipation, which occasioned an insurrection at St.
Thomas's, after the blacks found that their hopes had been
deceived. The letter just received, while it gives several
new particulars, puts those which are already known in
a new light. The Governor, General Von Scholten,
says our cortespendent, returned to his Government last
Juno., not from the coronation, but in time to celebrate
that event in the colonies. In obedience to the com-
mands of the King of Denmark, the General submitted
to the planters a Royal rescript, in which the King ac-
knowledges his satisfaction at the mildness with which
the planters exercise their authority, and recommends that
a free day be given to the slaves every Saturday during
the six months " out of crop," and a weekly pecuniary
donation during the six months of the crop season. Thu
Governor accompanied this document with a communica-
tion
from himself, in which he Suggested that Saturday
throughout the year should be granted as a free day, in
place of the weekly donation, the particular advantages of
which would be the abolition of the Sunday markets, the
closing on that day of the rum shops, and the prohibition of
labour, since Saturday would suffice for the negroes to obtain
their own domestic comforts. Opinions have been divided
on the island as to which of these measures of ameliora-
tion should be adopted—namely, the granting of Saturday
throughout the year, or only " out of crop," with the
pecuniary donation ; but the majority of planters have, at
all events, expressed themselves in favour of ameliora:ion
generally. The question of emancipation has, according
to our correspondent, never been raised, and hence, if his
account be correct, the object of the proposed Saturday
could not have been to purchase freedom. The former
statement said, that while expressing their dissatisfaction
at what had been done for them, the negroes of one estate
said they wanted freedom, and not a grant of one day in
the week ; but our correspondent denies that any such
demonstration was made, saying, that the only expression
of feeling that occurred at all was of quite an opposite ten-
' deney, being the declaration of some of the blacks to
their catechist, that if their master would only give
them the Saturday to work for themselves and go
to market, they could never (under a continuance
of their present indulgences) desire greater freedom, since
they would then be able to attend their church on the Sun-
day. One planter bas for nearly a year allowed his slaves
a free day every week, but it is denied that those who have
had that privilege have acted indirectly on the neighbour-
ing States, as was asserted in the American journals. This
denial is of small importance. since whether the negroes
who are not allowed the free day have actually followed
the example of those who have their Saturday or not, such
a result would be too natural not to take place some day
or other. As f,r the insurrection at St. Thomas's, the
news of it seems never to have, reached St. Croix.
These facts are considered to possess some degree of
interest; since, although the island in question belongs to
the Danish Government, more than halt the larger sugar
estates are the. property, it appears, of British subects.

the Whigs, if they had anything to get by keeping
terms w'th him. He may again call them " brutal,"
or " base," or bloody," or all the three, and
they will still take it in the best possible part,
so long as it shall be worth their while. He may tux
them with " insolent contempt, and malignant, but
treacherous hostility to Ireland," as he did in
o,tober, 1834 ; and they will presently make a
compact allithice" with him and his Irishry for
the spoliation of the Protestant Church, as they did
in January, 1835. Thus it is by no means sufficient
for the prevention of future conspiracy on the. subject of
repeal that the sewers of Mr. O'Connell' s invective should
be disembogued upon his acc.)mplices. They must be
forced forward, individually as well as collectively, to dis-
avow, to deprecate, to condemn, and to denounce the dan-
gerous and treasonable project of repeal : in the debate
we must have the speeches of the principals, and in the di-
vision list the names of the subordinates. With many of
them, even that public pledge will be insufficient; but if
there be only a few deterred, those few are secured to
assist, however unwillingly, in the defence of their coun-
try ; and the rest, beginning their race of apostacy by the
breach of such a pledge, will be broken down in
their course by the very weight of their infamy. In
some sort, too, the invectives of the Repealer
against the non-repealing Ministers have their use
and value. Not because they hurt those Ministers—
that is a result which only just and honest censures can
effect—but because the Repealer's invectives must react
against the utterer himself, so long as he continues to
lavish his patronage on an Administration which opposes
the restoration of independence to his clients, the " here-
ditary bondsmen." He is not bound, indeed, to aid the
Tories in expelling the Government ; but, at least, it he
were sincere, he !sold be !rut-41.
,There is only ono de-
fence which he can Possibly set up; and that is; a "com-
pact" understanding with these Whigs, that they are really
to fu!fil his announcements, by " becoming Repealers ere
long." The Whigs, when censured for their communion
with Mr. O'Connell, deny it hotly. "If Mr. O'Connell
chooses to support us," say they, bow can we help that?
He has as good a right as any Tory leader to Lave his vote
and the votes of his followers counted in a division, and
we do not sanction his measures, though he is pleased to
sanction ours." That would be a good excuse if it were a
true one ; but it is not true. They have sanctioned measures
of his, and even perilled their own existence upon them ; and
so they will again. Whose measure was the scheme for paying
the Popish auxiliaries with the plunder of the, Protestant
Church ? The measure of Mr. O'Connell, adopted as the
price of his adhesion. And adopted at what season ?
While. the Whigs retained the Parliamentary strength
which had been conferred upon them by the first election
under the Reform Bill? No: in those days, when they
could keep their places without la's help, they treated him
and his projects with the doe disdain. It was not till a
change of fortune, at the beginning of 1835, had reduced
their own force to a minority as measured with the force
of the Tories, that, like the invaders of the new world,
they resolved to employ bloodhounds in their campaign.
Their it was that the brawler, whom they had rejected,
vilified, and even advertised by their Sovereign's lips as a
notorious malefactor, became their guide and master. As
he supported them in Downing street, so they abetted him
in Ireland ; each had his own end to answer, and the coa-
lition was complete. There is now between these same
disintcresteLl friends a revived topic of difference—the re-
peal of the union. So long as the Whigs remain in office, it
must continue a topic of difference still. But as soon as
they can balance themselves no longer in their seats, what
cheek is there to impede a fresh arrangement, which shall
be based upon national severance, as the last was upon
Church spoliation ? Therefore it is that we are anxious
to know what, on a change of Administration, will be done
. .

SUN.—The meeting of to-day at the Colonial Bank
shows advantages arising from investment of capital in
such bona fide undertakings as this, in preference to
to bubble loans for foreign countries. Here a large
dividend is obtained by the shareholders, while at the
same time our West India colonies are benefited by the
increased banking facilities afforded to their mercantile
and agricultural interests.
The Stock Market was firm to-day, but the leading
feature was the improvement of lk to 2 per cent. in
Bank Stock. Con.,ols were at 89k- for the opening ;
Reduced Three per Cent. Annuities were marked 891
to -k ; the Three-and-a-Half per Cent. Reduced 97/ to
and the New Three-and-a-Halt per Cents. 97i to :1
ex. div. Exchequer Bills rose to 7s. and 9s. premium,
and India Bends to 13s. and 9s. discount. Bank Stock
rallied 1 to 21 per cent., being quoted 1581 to 160 ;
and Long Annuities touched 13 to 13 1-16.
The Foreign Stocks were not much dealt in. Spanish
Active Bonds were at 241 to /, closing heavily. Por-
tuguese New Five per Cents. at 32k to I ; the Three
per Cents. at 201. Brazil Bonds at 71 to k, and Co-
lombian at 23k to
The Share Market was brisk to-day and the follow-
ing were the more current prices :—Great Western 28
to 30 ; the New, 13 ; the Fifth, 73 to / ; the London
and Birmingham, 83 ; the New 261 ; the Greenwich
Scrip, 1/ to 4- ; the South Western, 19k to 20k ; the
Midland Counties Quarter Shares, 51 ; the Gosport
Junction, 71, and the Eastern Counties Debentures 31
to 4 prem. Brighton, 64 to 51 ; Midland Counties,
20 to 18 ; South Eitstern, 151 to 154 ; Hull and Selby,
6 ; Birmingham and Derby, 241 to 231 ; Birmingham
and Gloucester, 15 ; Cheltenham and Great Western,
32 ; and Eastern Counties, 13/ to 131 discount.
There was no improvement this afternoon in the Fo-
reign Exchanges. The rate for Bills on Paris was 25f.
521 e. to 57ic. ; on Amsterdam 12 21 to k ; on Ham-
burgh 13 7 ; and on Frankfort 1481.
We have still two German mails due..

with Ireland, not by the 'Tories, but by the Whigs. That
great confusion will ensue, and some danger to the public
peace, we see but too much reason to fear. Thu chair of
the Repeal Association will be taken from time to time
by men of more consequence and character than belong to
the present prolocutors ; and the people will be deluded
into hope, and perhaps into open sedition, by an array of
names which they have been accustomed to regard
as respectable. They will form a false estimate
of their strength, and too probably presume upon
it. But, if a Conservative Government stand firm—if
it be true to the Crown, to Ireland, to the Protestant reli-
gion,
and to the British nation, the Whig accession anti-
cipated by Mr. O'Connell to the ranks of repeal will be
paralyzed, as in the case of the disgraceful league of 1835,
by the indignant resistance of Parliament and the people ;
and, we trust, without even the misfortune of another re-
turn ut the Whigs into office. If, however, that evil should
ever recur, it is at least satisfactory to know that it will
not really bring repeal any nearer. It is not because the
Whigs shall have promised repeal when in opposition that
they will effect it if again in office. They have no silly
bigotry or pertinacity about such matters. They work a
political object, like men of the world—not as an end, but
as at means. If it will lift them into office, they take it

up. If it will embarrass them when they have got there,
they lay it down. That was what they did with the appro-
priation clause ; and that is what they would do with the
repeal.

(From the Morning Post.)

Great is the force of political cant, but happily even tha'
wears out, and people at last sec the truth. The politica
elicit of " keep out the Tories" has been of no inconsi.
&rabic practical influence ; but it has had its day, and
now it begins to be pretty generally recognised as mere
fudge, by which many have been deceived. This cant
chimed in with long-cherished enmities and prejudices,
and for a long time the crowd looked no further than the
words. The Tories had been a long time in the Govern-
ment, and as every Government must be more or less set
against the excesses al the popular body—against their
hastiness, and violence, and impatience of the restraints of
law—the Tories were looked upon by the great mass with
jealousy and disfavour. Besides this inevitable position of
unpopularity to which all Governments are so liable (and
the more liable in proportion as they do their duty without
fear or favour), it may be that the Tories had faults vehicle
deserved in some degree the retribution of popular dislike.
They may have been as governors, too cold, and distant, and
(FROM THE MORNING PAPERS OF THIS DAY.) disdainful. They may have been too neglectful of honestly
(From theeil4erning Chronicle.) and frankly explaining to the people the reasons which
We lay before our readers the Revenue accounts for the impelled them to a policy that seemed harsh. They
years and quarters ended sth January, 1840, and 1341. may have been too much intent upon carrying on the reo-
The decrease en the year ended sth January, 1841, as 'tetchy, and too little intent upon the great duty of satis.
compared with the year ended sth January 1840, is 254,0091. fying the minds of the people and making them content
On the quarter ended sth January, 1841, as compared with with the Government and the laws. Be this as it may,
sth January, 1840, there is an increase of 80,6021. On there was a prejudice—a feeling of enmity ; and upon
the Customs there is a decrease on the year of 85,8731., this feeling the incompetent Whigs have hitherto built
and on the quarter of 398,399/. On the other hand the their little edifice of officisl power. By it, and by it
Excise, which on the year has increased 622,3101., has ex- alone, they carried the Reform Biel. The people were
perienced on the quarter the very large increase of 589,095/. weary of the Tories, for it somehow happened that, after the
Tee-totalism does not certainly appear to be much days of George the Third, there was, in any quarter, but
lett in the Exe:se. The great decrease has been in the little aftection for the Government ; they were excited
Post-office. On the year it is 1,078,000., and on the and angry, and they caught at the suggestion which men
quarter 253,0001. Yet, though in the Post-office the de- of the stamp of Mr. Edward Ellice sent forth among them,
crease on the quarter ending sth January, 1841, is no less that the time and the opportunity were come for throwing
than 253,000/., still there is en the quarter's revenue, as (Ii utterly and for ever the ascendancy of the Tories.
compared with sth January, 1840, a positive increase of Antipathies that had slumbered leaped up into new life--a
80,602/. Can there be a stronger proof of the clasti- hypocrites who had long served the Tories from interest,
city of the resources of ibis industrious country ? With while they hated the constraint at their principles, broke
respect to the decrease in the Post-office revenue of out into glad revolt. Ambition—jealousy—revenge—which
1,078,000 t for the year, and 253,0001. for the quarter, had been kept under for half a century, all rushed out, to
we must keep in mind that the increased facilities of partake the battle and enjoy the triumph. Thus was the
communication must have added greatly to the ability of Reform Bill earned ; and, ior a while, the Whigs ventured
the people to bear taxation on ether branches. Many to rest upon this as a someting positive—something which
trades have experienced the greatest benefit from the they had done, and which entitled them to confidence and
facilities afforded to them through the reduced postage. respect. This illusion, however, soon passed away. With
When the means of supporting taxation have been so the usual tactics of the Whigs they had been content with
much increased, it would be to take a narrow view of pleasing the people for the moment by exaggerated and
the subject to look mealy to the net revenue of the i idiculously absurd statements of the popular advantages
Post-office. Bu; there are causes for the Post-office which would necessarily follow from the legislative reform.
revenue for the quarter being somewhat lower than in some They never dreamt for a moment of telling the people the
former quarters. First, the gradual substitution of payment truth, and taking the consequences. But time soon told
in advance for payment on delivery (I d. for 21 )---a cause the truth, and the masses who had gone into theoretical re-
which is no nearly exhausted, as nearly all letters arc hellion to gain the " Reform Act," and were ready to go
now paid in advance. Second, the greatly increasing ex- into practical rebellion, found that it was all a cheat or a
prises at the Post-office, arising chiefly from the employ. mistske, and that they were no whit the better for it, but
ment of the railways, where the Government has no privy- rather the worse, inasmuch as the domination of a class
lege. The increase in expense in clerks, &c., arising out but a little above one in station, manners, and intelligence,
of an increase in letters, is comparatively small. We is far more painful than the more remote control of a much
are happy to say that the number of letters, the true higher class. As soon as the Reform Act became un-
criterion of the success of the measure, is steadily ad- popular, the Whigs were forced to adopt some other party
vancing from month to month. and gathering cry. They bad done nothing to
(From the Times.) which they could appeal. All they had attempted
If there were a change of Administration, say the pa- to do had failed. Tho Reform Act had failed—the
triots of Downing-street, what would the Tories do with base conspiracy with Mr. O'Connell against the
Ireland? Very likely they would relieve her from the Established Church in Ireland had failed. But the
blistering operations of her present agitators. Very likely old prejudice against the Tories was not worn out. Though
they would apprehend her sturdy beggars, silence her not I anger hated so much. as
_they had been, a good deal
bullies, lay and clerical, advance the arts of peace, and en- of fear of the Tories remained, and they who had turned
courage the investment of capital. But a much more for • against them were esp_e, ia j_s raid of what might happen
that it would
addable question remains behind: what in case of a change were they restored. Ihe Reform Bill" had been po-
would the Whigs do with Ireland ? Their master knows polar on the ground annihilate the Tories.
Keep out the Tories."
well enough what they will do with it : he announces that That blunder had been found out ; but much might still
they will join the Repealers. At present they will con- be done with the sentiment on which that popularity was
fine themselves to questions connected with the registra- founded. The cry was raised of ~
tion of voters and the election of Members : that is the It was humiliating enough that a party which had been
sort of business which the Ulster Association professes to for fifty years ;vaunting its capabilities for extraordinary
look after. " Respectable men," says Mr. O'Connell to improvements in the principles and details of Government
his Corn-Exchange followers : " those are Lords Gosford could, after trial made, say nothing better tor themselves
and Charlemont, Messrs. Caulfield, Ross, and Sharman than what this cry implied. But what did the Whigs care ?
Crawford. So far, indeed, it has tieen a mouthful of Once in the Government, their great ambition was, and is,
moonshine, but I believe that ere long they will be Re- to stay there; and they cared little about the character under
peelers." We don't venture to speak quite so precisely which, or the means by which, they gained that point. Let
but remember that by keeping them
as Mr. O'Connell does to the conduct of Particular them stay in, said their champions. It is true we have no-
individuals, especially where they chance to be men of thing good to say of them. It is true that they want the cou-
character—a class of persons of whom lie is peceliarly rage, or the will,aevens'l
yi
likely a. t
4, ought
tKo e
de topo
you
ut
qualified to judge. But of the Whigs in general we are done for the p
eop
l
e;
persuaded it is no scandal to prognosticate that " ere long," in you " The force of this cant,
or wherefore should you, 0 people ?
that is, when their party shall have been turned out of wo are happy to say, is pretty nearly spent. It will
peelers, ay, or Ribandmete, if it will help them back to , sound, and as for
wohrastetnhhsaecr,m power,
ineveratretl
ithe Tories
Thad or
i
office, "they will be Repealers." Yes, they will be Re- I serve but for very little longer. People are weary of its
Whigs are guiltless ?
.A..k again what good
Keep out the Tories."
place ; but Et must be the business of the Conservatives, ' the Tories."
when Parliament re-assembles, to intercept that line of e,k yourselves, what
do you, unless the Tories give their march. They would fain avoid the subject just yet ; of which the
principles _they are never weary of
and so would he who has vowed to live and die for it ; the Whigs can
"liberal" they are, hut do you not mark
as-
neither the dogs nor the bears having any stomach for sent and their aid to the measure? The Whigs tell you
the baiting, but the fight must come off, for, unless of their " liberal"
they be set to worm each other, they will join to worry hoisting how
patronage—great influence at Court.
the rest of the world. No doubt they hate each other that their liberality extends only to themselves? They
already with as equal a mutuality as the difference keep in their places—they have good salaries—good re-
in the sources of their hatred will allow : the Agita- sidences—much
tor bates the Whigs with the bitterness of contempt, All these things they share among themselves, and this
and the anger excited by their occasionally trouble- is their " liberality." But what good thing do they give
some though impotent restiveness; and the Whigs you, 0 people.? They tell you of many things which
hate the Agitator with an irritating sense of their own in their opinion you ought co have, but do you believe
humiliation, aggravated by a well-bred loathing of his them ? Do you suppose they would sacrifice anything
be done for you . Do you think they
coarseness. But that is not enough. These are only for the accomplishment of that which they tell you
private feelings. The general good requires that the ought to
parties be committed a single hour of office, or even their
publicly to an extent which shall would risk .)

.
The following are the official returns of the exports of
bullion for the week ending Thursday last .—Silver coin
to Lintin 40,009 ounces ; Silver coin to Calais, 150,000
ounces.

SPIRIT of the PUBLIC JOURNALS

share of tickets to a single Suite Ball at the Palav,
in order to obtain for you or to bring you nearer to any
one of those changes which you imagined would be for your
good ? Experience must have informed you ere this—at
least such of you as observe and reflet—that they would do
no such thing. And besides this, they themselves confess
and indeed proclaim It as their only excuse, that unless the
Tories consent they have not the power to do what you
wish to be done. •` Keep out the Tories "is a very good.
cry for the placcmcn and their c6nnexions, since i; is but
another way of saying" Keep in the Whigs ;" hut beyond
the interests of place we defy any man of a sober and

practical reforming temperament to point out what benefit
accrues to him or to his cause by " keeping out the Tories."
Tois is the feeling which is spreading day by day among
the people. This is the conclusion which DOW actuates so
many of the electors of towns, who have been too long
cheated by the fair words and very " liberal "promises of
the Whigs. Our knowledge of such matters is necessarily
limited, and yet even we could tell of numerous sacrifices,
of painful estrangements and natural losses, to which ten-
ants in the country and shopkeepers and tradesmen in towns
have submitted fur the sake of keeping in the Whigs. But
what have the Whigs done for them in return ? What sacri-
fice have the Whigs made ? What struggle have they made
for any one of those principles which they have declared to be
so important? What public point have they gained of all
that they have described as desirable, except the one of
retaining official advantages for themselves? What is
there that they have at first insisted upon that they have
not at last given up, in order that they might have the as-
sistance of the Tories to bring the matter to a conclusion?
Why, then, should the people go on making sacrifices, and
quarrelling with their landlords, their clergy, their best
friends in times of domestic trouble, their wealthiest cus-
tomers, their oldest patrons? What is the gain? The
Whigs can do nothing for them but talk and try—talk and
try,.for ever; but as soon as any matter is really to be
settled, give way to the Tories. Why then keep the
Whigs in office? It is absurd, and all sensible people
begin to see that it is.--.list W -110144114-1114.1*
efficient rulers of this country.. They lack the elements
of wrength. Like a badly-hung pendulum, they keep ir-
regularly oscillating between the aristocracy and the popu-
lace, but one inch beyond the limits of their official clock-
case they never can proceed.
( From the Morning Herald.)
_ _

The official statement of the quarter's revenue was pub-
lished last night. It contains little that calls for com-
ment. There is a decrease on the quarter of more than
80,000/ On the year, the deficiency ex.ceeds a quarter
of a million. The quackery of cheap postage kas entailed
on the country a loss of nearly 1,100,000/. during the last
year. The loss upon the last quarter is 253.000/. To
counterbalance this loss, the increase in the assessed taxes
is very considerable. Most people, we suspect, would now
rather submit to the old rates of postage, than be doomed
to meet the increasing demands of the tax.gathcrer. It
it worthy of note, that the returns under the head " Ex-
cise " present an increase of upwards of half a million.
After all that has been stated as to the march of teetotalism,
a very different result might, reasonably, have been ex-
pcted. We shall, doubtless, be favoured, during the ap-
proaching Session of Parliament, with the imposition of
new taxes, or with an additional per-centage on some of
the old. Our expenses increase in every direction. The
costs of the vast expeditions which we ha,e recently un-
dertaken rema;n yet to be liquidated ; nor is it by any
means certain that we have yet escaped our proportion of
the expenses of a general European war.

CONFLAGRATION AT DUNDEE.

THREE CHURCHES BURNED.

DUNDEE:, JAN. 3.--A. very alarming conflagration
happened here this morning, which, although attended
with the hstruction of much valuable and interesting
property, has fortunately been confined to the more im-
mediate scene of its commencement, viz., to three
churches of the Establishment. The fire seenss to
have originated fro.n the stoves in the North or Cross
church having got overheated, and having consequently
ignited the wooden fittings ; this church soon became a
prey to the flames, as well as the South church and the
East or old parish, and, fortunately for private property,
the wind, which blew yesterday evening fresh from the
south-west, veered to the north during the night, other-
wise, in all likelihood, a narrow street called the Over-
gate must have caught the flumes, in which case, owing
to the scarcity of water in the place, no idea can be
formed as to the extent of the damage that might have
been occasioned.

As it is, a great public loss has occurred, the
churches being not only very valuable in themselves,
but from a valuable library composed of many rare old
books and manuscripts in black letter having been to-
tally destroyed. These churches were, besides, inti-
mately connected with the historical associations of
the " Second Geneva," as Dundee was called from the
religious zeal of its citizens at the time of and subse-
quent to the Reformation ; prior to which, the old
church formed the chancel of the abbey dedicated to
the Virgin, and was an interesting memento of the
days of Catholicism. It is said that when Ge-
neral Monk stormed Dundee, his soldiers quartered
their horses in the Cross Church. The South church,
built in the end of the 16th century, has little of histo-
rical association. One church has been saved, that
contiguous to the lofty square tower said to have been
erected along with the Abbey, by David Earl of Hun-
tingdon, on his return from the famed crusade com-
manded by Richard Carur de Lion, and which, al-
though " dim with the mist of years," through " flame,
and war, and ages slow," still braves the "breezes of a
thousand years."