The Sun.
London, England, 1841-07-19 00:00:00

siders would most competently and faithfully discharge
the important duties of a Member of Parliament ?
No i he lives by his farm ; would be ruined if expelled
from it ; he therefore dares not fly in the face of his
landlord. A farmer is not like a mere householder, who,
if he receives, " notice to quit," can easily provide him-
self with another dwelling. The farmer lives by his farm
—the tenant does not live by his house ; and, if he does,
can find one at the next door, or in the next street,
Which will answer his purpose equally well. Who, then,
can blame the farmer, if he avoid entailing ruin on him-
self and family by voting at his landlord's bidding ?
STANDARD.—We are no believers in the possibi-
lity "of any considerable conversion among the Whig-
Radicals. Men of high spirit, of talent, and of intellec-
tual attainment may come from them, as many such men
have come, but the condition of the mass is nearly hope-
less, because with them all political feeling is not the
effect of conviction and conscience, but of the indulgeince
of bad passions so as indelibly to stain their very nature.
Let us illustrate what we mean by a parallel case. Sir
John Cam Hobhouse passed some months in Newgate; he
came out undamaged in characters and in mind and
manners undeteriorated, because he did not mix with
the society, or adopt the habits of the place • but
would such be the case with a vulgar gaol-bird,
though no longer domesticated in Newgate than
Sir- John ? Is it not almost certain that, what-
ever. the unhappy person went in, he would come out an
irreclaimable vagabond ? It is just the same in politics.
A man of talent and of honour may, by the accident of
birth, or some other accident, incur the penalty of
Whig-Radicalism ; but if he be, as such a man probe.
bly , will be, a man of high spirit also, he never will, by
intimate association with Whig-Radicals, acquire the
habits of the faction ; and therefore, whenever the light
breaks in upon him, he can, without an effort, abandon
his errors, and will abandon them sincerely. The case
of the vulgar Whig-Radical is different ; never having
consulted duty or conscience in the first place, he is very
little, likely to consult them afterwards ; and if he should
at any time be tempted to do so, he knows, like the dis--
charged culprit, that the gaol taint is upon him ; the
Newgate savour of Whig-Radicalism cannot be dissi-
pated, and therefore he affects to go on exulting in it.

COURIER.—ShouId the Whigs, under the pretence
of Royal favour, continue office till after the meeting of
the new Parliament (beyond that point their feeble
tenure cannot by any possibility extend) they will be
acting towards her Majesty with a higher degree of sel-
fish ingratitude and audacious insolence than ever yet
had been shown by any discarded Ministry towards
the Sovereign of these realms ; for, with a view of
promoting their own low and factious purposes, they
will' be exposing her Majesty's popularity to serious
risk, and throwing the most unpleasant obstacles
in the way of her intercourse with her -future Mi-
nisters. Amidst all the squabbles of faction, and
the loud and angry strife of parties, nothing has been
held more sacred, or guarded with greater reve-
rence than the name and authority of the So-
vereign ; no matter what the presumed partiality for
one party or the other of the reigning Sovereign may
have been supposed to be, no party, that we are aware
of, ever before attempted to pervert it to his own narrow
and paltry -ends, and of -this gross abuse of the Royal
name the Whigs will be unquestionably guilty should
they persevere in holding office against the declared
opinions of the people, on the arrogant presumption that
they. alone possess the confidence of the Queen. Beside,
has it. never occurred to their minds how difficult for
them it will be to frame the Speech from the Throne
without committing her Majesty to an attitude of
seeming opposition and hostility to her Parliament?
And this they would avoid doing had they one particle
of generous chivalry in their composition. Surely it
cannot be, that in return for her Majesty's gracious
forbearance towards them they would have the insolent
daring to represent her as adverse to that course of policy
which the voice of the nation points out as essentially
necessary to its welfare and security. Had the majority
against the Whig Ministry been of a less decided cha-
racter—had the issue of the appeal to the country left
them any grounds of hope, we could comprehend the
motive of their remaining in office up to the meeting of
Parliament, and even of their prolonging the struggle
beyond that period ; but with a majority of over seventy
against them—and without the remotest chance
of being able to retrieve one iota of their loss,
or repair one of their many disasters—we can see
no plausible pretext or justification for their reterfion
of office, nor do we see on what grounds it can 'oe at all
accounted for, unless it be with the dark and dreary
prospect of opposition before them, that they have come
to the determination to make the most of their few re-
maining days in office, and meantime to let no crumb of
patronage escape their clutches which design or accident
may throw in their way.

MONEY MARKET and CITY NEWS,

FROM THE MORNING PAPERS OF SATURDAY.

CHRONICLE.—We understand that the Cedomittee of
Spanish bondholders has called a meeting of its
members for
Monday next, to consider the following poie_;cs
.
1. The duty of calling a general meet'.
tax
to give their opinion upon the decree of the bondholders,
of lie 21st January last,
and the important document from, the office of the Sinking
Fund in Madrid.
2. The case of the holde:i of the Treasury Debentures and
Indemnity Bonds.
3. The right of the beld,2rs of Passive Bonds under the law
of the 20th February, 18:36, and the advertisement of M. Zu-
lueta and M. Pareja, to claim the conversion of their stocks
into Active Stock, r,n the same terms as those granted to the
Interior Passive
r_i
from 1836. ebt, by one-sixth part of their bonds annually
Iltdt/..ts step been taken at the time, the position of the
u`m"-Jlders would have been improved, he dividend offered by
th'. Government on the Ist July would have been received,
and the sales of the church property have extinguished a part
of the new Three per Cent. stock for arrears of coupons.
POST.—The immense decline which has taken place in the
value of Spanish Bonds within the last few days, and the an-
nouncement, for the fact is unreservedly stated, that something
of a juggle with Passive Stock is about to be attempted, are
circumstances that have not failed to create fresh alarm in the
minds of the Treasury, the Indemnity, and, in short, the Spa-
nish bondholders generally. The Passive Debt was, by the
law of 1834, to be converted into Active in certain proportions
annually, from May 2, 1836 ; but no conversion was ever ef-
fected, and, as the the Active Stock, so called, is equally passive
with the Passive proper, it would be as great a farce to begin
to do it now, while the whole mass of foreign Spanish debt re-
mains in a hopeless state of suspension, as is that of drawing
Deferred Stock by lottery once a year in the Puerta del
Sol, and making a sham Active of it. The scheme can be
intended for no other purpose than that of producing a
fresh rig in the market by giving an increased (nominal)
value to the Passive Bonds, but which can Of course
be done only at the expense of the already cruelly de-
preciated Actives. The disgraceful treatment by Spain of the
Indemnity bondholders, whose securities were issued in virtue
of a convention entered into between the British and Spanish
Governments, and to which the names of two British Commis-
sioners were attached, comprises our own Mihistry. The con-
vention referred to was, we believe, concluded during a former
Administration, when Lord Aberdeen held the office of Fo-
reign Minister ; and it has now naturally become a question
among the sufferers whether, upon the return to power of Sir
Robert Peel and his friends, Government will do anything for
them. From the recollection we have of the mariner in which
the Duke of Wellington and the Neble Earl spoke of these
claims a few years ago, we think there need be no question
upon the subject. Both of them rose in their places in the
House of Lords and at once bore testimony to the legitimate
character of the claims, and acknowledged the extent to which
the British Government was committed in relation to them.
There will be no toleration, of perjury on the part of such states-
men as these, and we trost we may confidently assert, that from
the moment of the accession of the Conservatives, the career
of Spanish fina:icial deception in this country may be consi-
dered as at. an end.
H Er2cALD.—The Foreign Exchanges were flat to-day, with
'reclining tendency, more particularly on Hamburg. This
Heavy aspect of the exchanges at a season of the year when
there should be considerable shipments going forward to the
Continent, and values drawn against them, is calculated to ex-
cite some uneasiness, for the quantity of bills offering to-day
was quite inconsiderable. Coupled with this fact, and one of
the chief accessory causes of it, it may be observed that the ac-
counts from the cotton manufacturing districts of Lancashire
are far from being so encouraging as there was reason to hope
from the increasing ratio of the consumption of raw cotton
lately noticed from Livepool by the spinning factories. For
the present depressed state of the cotton industry various
causes may be alleged, one or two alone quite sufficient in
themselves singly to account conclusively for much if not all
the existing depression. In the first place it should be remem-
bered that at the present moment, and for a year past, the ex-
tensive markets of China have been closed against the consump-
tion of British fabrics; that trade must have been materially
interfered with in the Mediterranean by the warlike ope•
rations and long previously agitated state of political
affairs on the coasts of Syria and Egypt ; that civil war
not long concluded in Spain, with unfriendly and high
rated tariffs in Portugal, have substantially contributed to de-
press the consumption of British goods in the Peninsula ; that
imports into Mexico have nearly ceased, excepting so far as a
contraband traffic can be carried on, through the operation of a
T!ay): and oppressive internal duty in excess of the all but pro-
n iry tariff exactions at the port of entry ; that trade in the
Canadas is but just recovering; from the disastrous effects of
civil war ; that overtrading and' overspeculating in the Austra-
lian colonies, induced there to a great extent, as else-
where, by over bankin
failures, depression of
have been
accommodation, have ended,
as might naturally. be expected, commercial panic,
for
rd
Bcrointissuhmfpabtiroines;
may
yatb
acev ,retheedteiirrinution of imports
altiylnindtieersfethreed
with
habniyl
Affghan wars and the disturbed state of the country generally • that finally. and the fact needs no amplification of detail, the imports of the United States, which in 1839 ascended to
162,092,000 dollars, had decreased in 1840 to 107,141,500
only, or one full third less in amount. This extraordinary con-
junction of untoward circumstances in all parts of the world
would seem to require no addition of misfortune or misconduct
elsewhere to show why the proper balance sheet reckoning
should chance to be on the wrong side of the ledger.

,
The Alsace states that dunng the first week of
the present month, some gamblers of distinction; at Baden_
Baden, broke the bank of the rooms there five times runnin;
occasioning a loss to the proprietors of 140,000 francs. 1'
The Baron de Barante, the French Ambassador
at St. Petersburgh, is said to be engaged in writing a history
of the Parliament of Paris.

THE CROPS.—A Correspondent in Hereford.
shire states that the hay harvest has been greatly retarded by
the heavy and continued rains. In some places the ripe grass
ha; not been mown, and it is running to seed and becoming
useless. The wheat and barley crops have not as yet sustained
much damage, the rain having rather contributed to swell the
esrs, but a succession of warm dry weather is now much re-
quired. Saturday and Sunday there were very high winds,
which must have done much mischief in the orchards, where
the crop is more partial than was at first anticipated. The
hops are going on favourably ; at least there are few complaints
as yet. In Worcestershire we are much in advance of our
neighbours as regards the hay crop, a great portion of which
was secured in good condition previously to the late rains;
much, however, still remains flat on the field, awaiting sunny
days. The produce of the other crops—corn, vegetables, and
Puit—will, we believe, amount to a full average.— Worcester
Paper.
The Chief Judge of the Bankrupt Court has to
pay 3001. for stamps and fees for his appointment ; the Puisne
Judges 2001. ; the Commissioners s5Ol. each. ; the Chief Re-
gistrars 601. • and the Deputy Registrars 401.
THE LATE BOMBARDIER GRICE,
It is expected that an amateur.theatrical performance will take
place at Woolwich, for the benefit of the widow of the unfortu-
nate deceased, who lost his life by a gunshot wound front the
piece of. puller 111`Garrety.