The Sun.
London, England, 1841-08-04 00:00:00

TIC E SUN, LONDON, WEDNESDAY, AUGUST 4, 1841.

me," said he, " some of my attached friends of the medi-
cal profession, and I appeal to them whether they do not
cordially concur with me, that it is not fit that one man
should offer the prescription and another take the fee."—
(Continued laughter and cheering.) The dishonest
State Doctor suppressed the fact that every Member
of Parliament has taken his fee to prescribe for the
nation's health. His former election was Sir Robert's
fee, and so far as he gave any prescription in return it
amounted to spare diet, dear bread, and starvation. But
he says he has another recipe in store that will stop the
disease. Why does he not produce it ? Because he
wants to extort the additional fee of office, influence,
patronage, and emolument. Do the medical men of
Tamworth call this honourable practice ? Professional
people, and unprofessional, elsewhere, cry shame upon it.
'There is a general disgust at the antipatriotic, sordid, and
factious character of the avowal. The Morning Post
feels the thing to be so bad that, in despair of vindicating
the principle, it has recourse to the desperate expedient
of denying the fact ; which it does in the following not
very courteous manner
The lie we are about to mention is hardly worth contra-
dicting ; but as the Ministerial faction seem to nurse it as if it
were rather a, pet lie of tlnirs, we may as well do so. The
Globe and the Observer, and all the other Alinisterial Journals
lie, when they quote a pretended passage from Sir R. Peel's
speech at Tamwot th, in which he is made to talk of not giving
his advice until he has received 'the fee.' The lie is neces-
sarily a wilful one; for our honest Contemporaries have the
speech before them, and there is no such passage in it. But
when the Ministerial Journals daily calumniate the Queen,
how can Sir R. Peel hope to escape their false and slanderous
attacks?"
Now, however much the Morning Post may be
ashamed of Sir Robert Peel, this is not the way to help
him out of the scrape into which he has plunged by his
inherent deficiency of moral taste, and has affinity with
the selfish and the sordid. The passage is not a " pretended
passage." Besides our own report of it, the correctness
of which cannot be impeached, we have direct evidence
that the words above quoted were spoken ; and the
report of the Times bears distinct and complete testi-
mony to the fact. The," Globe and'the Observer, and all
the other Ministerial journals," had these two concurrent
reports before them. Our Contemporary is, much too
hasty, therefore, in giving them the " lie," saying it
must be " wilful," and asserting that they had " the
speech before them, and there is no such passage in it."
The speech was before them the Times report was be-
fore them ; and there is that passage in it. Our Con-
temporary may have falsified his own report, and altered
the unfortunate passage ; but making a lie is not proving
a lie. It is rather too much that the Post should first
belie Sir Robert Peel, and then belie the " Ministerial
journals" for quoting him truly.

CITY MONEY MARKET and CITY NEWS.
FROM THE MORNING PAPERS OF THIS DAY.
TIMES.—The premium on gold at Paris is 6} per
mille, which, at the English Mint price of 3/. 175. 10d.
per ounce for standard gold, gives an exchange of 25. 31,
and the exchange at Paris on London at short being
25. 37k, it follows that gold is 0.26 per cent. dearer in
London than in Paris.
By advices from Hamburgh the price of gold is 428
per mark, which, at the English Mint price of 31.175. 10i-d.
per ounce for standard gold, gives an exchange of 13.
and the exchange at Hamburgh on London at short
being 13. 61, it follows that gold is 0.12 per cent. dearer
in London than in Hamburgh.
The course of exchange at New York on London is
109 i per cent., and the par of exchange between ,Eng-
land and America being 109 23-40 per cent., it follows
that the exchange is 1.08 per cent. against England. But
the quoted exchange at New York being for bills at 60
days' sight, the interest must be deducted from the above
difference. . .

______
It has been expressed as a matter of surprise in many
quarters, that the late sales of stock, including as they
did an amount very little under 200,0001., and followed
as they were in the one case, and preceded in the other,
by news 'which, taking it from either source, America
or China, could not be viewed as favourable to this
country, did not more severely affect the market than
they have done, and the negative impression, for such it
is considered to be, is accepted as very good evidence of
the state of things produced by the concentration of
business in the English funds. Taking a review of the
fluctuations that have occurred, it does not appear that
their range is more than one-half per cent., even up to
to-day, and some allowance must be made for the change-
able state of the weather, which generally causes capi-
tal at this season of the year to be diverted to another
channel of speculation. Such an,inconsiderable depres-
sion as this, caused by a succession of circumstances
which would in former periods have produced, in all
probability, a fall of 1 or 2 per cent., naturally calls at-
tention to the main spring of so steady, progressive, and
increasing a support to our own funds, and it is pretty
generally admitted to be the absence of all speculation
in the foreign securities and the decrease of it in the
other departments, which of course leads to the trans-
acting of bona fide business only. This has been a
long while predicted by those who have watched the
current course of events in the Stock-markets, and it
seems they have not been mistaken. The late advices
respecting the M`Leod affair have not produced any
uneasiness in the country, if we may judge from the very
few orders the brokers have received to sell upon the
news. Although for the present, and more especially to-
day, there is a partial flatness exhibited in our Funds, it
is thought it will be but temporary, and if the transitions
of the last few weeks are to be taken as any criterion, the
opinion cannot be ill-founded. Money for all purposes
is abundant in the Stock Exchange at low rates, but out
of doors it is not over easy, although it cannot be said
that there is any great difficulty in obtaining accommo-
dation.
Accounts from Manchester state that Messrs. Stocks
and Son, the large manufacturers, have Suspended for
between 70,0001. and 80,0001. It has had no effect here,
and would be regarded as of little consequence were not
sympathy. awakened for the further districh it
a great numess wh
ber of
will occasion among the operatives,
whom will be thrown out of employment in consequence.
The Crane packet, from the West Indies, brings
papers from Jamaica to the 2d of July, from Trini-
dad to the 22d of June, from Barbadoes to the 27th
of June, and from Demerara to the 24th of June.
It will be perceived that the accounts from the
latter island are but one or two days later than
those published yesterday ; they, however, convey
the name of the firm which had failed, namely,
Messrs. Troughton, whose connections here in London
stopped some short time since. The advices from
Jamaica are of the same desponding character as pre-
viously noticed ; the lists of insolvents are beyond pre-
cedent, and the whole populatian seems to be overpowered
with commercial embarrassments. The crops at Barba-
does were suffering from excessive drought, and there
also the planters and merchants are said to be in
jeopardy. The news of the proposed revision of the
sugar duties had gone the round of the islands, and the
papers are filled with comments on the subject.
The particulars of the case tried at Bombay, in
which one of Captain Elliot's Treasury Bills was
involved, are of considerable commercial interest.
The defendants were the agents of Messrs. Dent
and Co., to whom_ the plaintiff, a native merchant,
had consigned 200 chests of opium, the defendants
having made him an advance of 72,115 dollars, for which
I he drew a bill on Dent and Co., payable to themselves.
He instructed them to invest the surplus arising from the
sale of the opium, after payment of the bill, inSycee sil-
ver, Mexican dollars, or in specified securities. The
opium, which arrived safely in China, was among that
sold to Elliot to complete the number of chests he had
engaged to deliver to Commissioner Lin. Dent and Co.
took bills on the Treasury from Captain Elliot, and wrote
to the plaintiff, giving an account of the sales of the
chests, and informing him that for the balance (after de-
ducting the amount of his bill) they had sent a bill pf
Elliot's, amounting to 5,3851. 95., endorsed to the de-
fendants, on his (plaintiff's) account. They also wrote to
the defendants, enclosing the bills on the Treasury, at
the same time suggesting that it might not be desirable
to negotiate the bills with their names upon them, lest
they might be involved in some risk, and instructing
them to send the bills to England, that the amount might
be received and remitted to the interested parties in
Bombay. The plaintiff, quoting Dent and Co.'s letter
to him, requested the defendants to deliver the bill,
which they refused ito do, and the plaintiff ultimately
consented that it should be sent to London for recovery.
The bill was sent accordingly and returned protested,
when the plaintiff again applied for it, but was refused,
unless he consented to guarantee the defendants from
all liability to Dent and Co. He, therefore, brought an
action of trover to recover the value of the bill, when
the Court decided that he was entitled to recover, as
the bill represented his opium, that the defendants could
not negotiate the bill, except for the benefit of the plain-
tiff, and that Dent and Co. could not obtrude the agency
of the defendants upon him against his will. The assent
given by the plaintiff to the transmission of the bill to
London was not considered as a waver of his right, and
a verdict was given in his favour.
SUN.—There was a tolerably steady market to-day for
the public securities, in the absence of any important
operations. As to the Chancery sales which have been
effected within the last day or two, these are but in the
ordinary course, and would take place under any circum-
stances, that is to say, whether the market were favour-
able or unfavourable, when ordered by the Accountant-
General. From what we can understand, there are fur-
ther amounts hanging upon the market ready to be
brought forward for wealthy Corporations. Consols for
money realised 89i- to 891, and closed at 891; and for the
account at 891 to 1, the latest bargains being at 891 to
. /Exchequer:Bills were 14 to 16 premium, and India
slt and the Three per Cent. An-
nuitiesast India Stock was at 247 to
Bonds 6s. to Bs. premium, being for the latter a slight
improvement. The New Three-and-a-Half per Cents.
were steady at 984 to i, the Reduced Three-and-a-Half
per CenattsB.
898 to
9 94
988 to 99 .
248.
There was scarcely any demand for the Foreign
Stocks, and prices generally ruled the same. Active
Spanish Bonds were 19* to 20, French Three per
Cents. 76f. 75c. to 77c. ; Colombian Stock was 191,
Mexican 251, and Belgian 1011. Dutch Two-and-a•
Half per Cents. were 52, and the Five per Cents. 102*.
Railway Shares were supported, but rather dull.
Great Western New Shares were at Bi, the Fifths at si ;
the Birmingham Quarters at 18, the Thirds at '22, and
the South Western at 131 premium ; Manchester and
Leeds New Shares were 10, and Bristol and Exeter 28
discount. • London and Westminster Bank Shares were
;:—ArntaNrviesrp2,sfi264nc. to 62tc. ;
54:3 9 to 4 ; and 'I ' este, 9 55 to
21 to 21 ; and General Steam Navigation 10 premium
There was no marked alteration in the Foreign premium,
as
Amster-
dam, e-
changes this afternoon, and the rates current on
are the official returns ofthe 57.
; Fran fort, 1491 to
wcti a
me;
The
1 le
h,
aaelmb2obu3 u about
followinggt
thhoe,
exports of
bullion from the port of London for the week ending
Thursday last :
Silver coin to Hamburgh ............ 64,000 oz.
B. W. Indies ......... 4,619
Rotterdam ............ 9,000
Belgium ............... 6,600
Bars to liarabUrgll ............ 9,639