The Sun.
London, England, 1840-02-21 00:00:00

discussion with you; my business is now to express the
great pleasure I shall experience in laying before her Ma-
jesty the loyal expressions of the devoted attachment of
the working men of Bristol. I wish, however, to say a
word or two on the point of loyalty. I had an opportunity
of addressing the meeting held in this place on Friday.
I thought I had abstained rigidly from politics, and that I
bad not uttered a sentence which could be fairly or honour..
ably objected to. I certainly did find fault with discour.
teous and unconstitutional language which had been di-
rected against the Sovereign, and in doing so I calculated
on the support of those gentlemen who, on certain occasions,
come here with their blue colours, and ostentatiously array
themselves under banners inscribed with Church and Queen.
I thought they would have been the first to join in discoun.
tenanting ill-judged and slanderous expressions towards
Royalty. It appears, however, that lam mistaken ; my
reprehension of this unjustifiable and unconstitutional lan-
guage has given offence to these gentlemen. ( After re-
butting the charge of the Tory Press of Bristol that be
bad attacked the Church at the meeting on Friday, ho
continued)—l beg to call your attention to the Christian
language of the Rev. Reginald Chandos Pole, for citing
which as a specimen of bad taste and disloyalty, as bold-
ing it out as a warning to others, I am said to have attacked
the Church. At a meeting, then, for education, Church
Education—(Cheers)—held at Derby, the Rev. Reginald
Chandos Pole, asserting that the Archbishop of Canter.
bury had been placed at the lowest seat at the dinner-
table at the Palace of the Queen, a falsehood, added that
it was meant as an intended insult—the object being to
drive his Grace from fiture visits, lest the presence of a
Clergyman might act as a check upon " licentious ribald-
ry."---( Loud cries of " Shame," and expressions of dis-
gust.) Licentious ribaldry ! from a young lady of 22,
brought up a.. our Queen has been.—( Loud cries of
" Shame.") Is there any man here who could for a mo-
ment bear that such things should be said of his wife, or
daughter, or sister ? And am Ito be charged with attack.
ing the Church by a vile and lying Press, because I re-
probated such language as this ?—(The Hon. Gentleman
resa med his seat amidst loud sheers.)
H. VISGER, Esq., said the compliment paid to him was
most unexpected, and though from personal feeling he was
rather averse to take an active part in matters of cere-
mony, he should feel it incumbent on him to accede to
their wishes.—( Cheers.)

JOHN HARE, Esq., said, more noble, loyal, and patrio-
tic addresses had never been passed. and he should be
wanting in proper respect to the meeting if he did not de-
clare his joyful acquiesence in the duty they had imposed
upon him.—(Cheers ) He had a great respect for her
Majesty, and a most thorough contempt and abhorrence
fur her calumniators.—( Cheers. )
Mr. HERAPATH, on being loudly called for, addressed
the meeting in sn eloquent speech, for which we have not
room.

Mr. Ricr. then moved that the thanks of the meeting
be given to the Right Worshipful the Mayor for his grant-
ing the use of the Hall, to Harman Visger, and John
Flare, Esqrs., and the other rcquisiticnists; and to the
Hon. F. H. F. Berkeley, for his kindness in attending tho
meeting.
Mr. LAVENDER seconded the motion, which was carried
unanimously.

The thanks of the meeting wcre then voted by accia.
mation to the Chairman, which having been acknow.
ledged by Mr. Dutton, the meeting broke up, after giving
three enthusiastic cheers for the Queen, three for Mr.
Berkeley, and three for Messrs Vi,ger and Hare.

STOPPAGE OF THE BIRMINGHAM

BOROUGH BANK.

BIIIIIINGIIAM, THURSDAY EVENING, FEII. 20.
The Birmingham Advertiser of this day contained the
following announcement TRADE.—We are sorry to
say that the aspect of commercial affairs in this town is
but gloomy. Several disagreeable reports were in circu-
lation yesterday ; one or two of which, we fear, were but
too well founded." This unpleasant prediction has tine
happily been verified. At nine o'clock this morning the
following announcement appeared in the windows of the
Borough Bank, in Bull-street :—" The Directors of the
Borough Bank find themselves under the painful necessity
of suspending the payments of the Bank."
It affirds me sincere please re to state, that although the
failure of this newly established Banking Company may
occasion considerable loss to some of its Shareholders, and
possibly at the same time most unfortunately tend for a
period to shake credit in the town and neighbourhood,
there is every reason to believe that all demands upon
the Bank will ultimately be met to the uttermost farthing,
The transactions of the Borough Bank, from its establish-
ment about three or four years ago to the present time,
base been to an extremely limited and insignificant extent,
and the effect of its failure will, as a natural consequence.
be, comparatively speaking, little feat, except by the share-
holders, amongst the population of Birmingham and its
vicinity. The company consists chiefly of middle trades-
men, about seventy of whom reside in Birmingham. The
shares were 10/., 2/. 10s. per share having been paid up,
thus leaving 71. 10s. upon each share (if available) to
meet the deficiency which has now occurred. The lia-
biliCes of the Borough Bank are variously stated, but
from all I can learn, they arc considerably less in amount.,
certainly not more, than the calls due, if paid up, with-
out expensive litigation (as in the cases of the Northern
and Central and the Manchester Imperial Banks), will
easily provide for. The deposits were. notoriously small,
and although it is stated that the London agents, Messrs.
Grote and Prescott, arc in advance or liable to about
9,000/., it is satisfactory to know that the Borough Bank
of Birmingham never issued notes of their own to any
amount, and on this account, at least, their liabilities will
be not only more readily ascertained, but the town of Bir-
mingham is generally less fearful of consequences.
The immediate cause of the Borough Bank's failure shows
at once the insignificance of its transactions and the
wretchea principle upon which serve of !here jeint-ateck
banks are conducted. It appear, flat a young mac, netted
Cbgpmau, Came to Biemiegiiam sense five or six rean3 ago,
and succeeded in establishing liiinse;f as an accountant,
and such was the extraordinaiy success he met with, that
during his short residence in the town he was able to com-
mand a most extensive and, as represented by himself and
friends, an exceedingly lucrative practice. This gentle-
man, upon the establishment of the Borough Bank, became
a large shareholder, and ultimately was appointed a di-
rector-_I should rather say an active director—for it is
understood that for a considerable length of time he was
the most influential director connected with the bank. On
Monday last it was publicly known that he was in difficul-
ties, and the next day (Tuesday) a fiat of bankruptcy was
issued against him. The debt owing by Mr. Chapman to
the Borough Banls, and which is the immediate cause of its
suspending payments, amounts to at least between 12,000/
and 13,000/. ; and in addition to this it is confidently stated
that one of the Coventry banks will suffer by the same in-
dividual to the amount of about 6,0001.

The prospects of the shareholders in the Borough Bank
arc most to be regretted. Some of them, honest hard-
working tradesmen, held from 50 to 100 shares, and a
payment of 71. 103. upon each share will prove far from
agreeable.

It is somewhat singular that the premises occupied by the
Borough Banking Company are the same which were oc-
cupied by the celebrated Northern and Central.

PRltir, OF SUGAh.

EFFECT OF MONOPOLY.
Table showing the ea-duty price of West India Seger
in Mincing-lane, and comparing the same against thatef
foreign sugars:—

London, Feb. 21, 1140.
The Gazelle of this evening will quote the
average price of British Plantation Muscovado Per Cwt.
Sugar, exclusive of duty, at las. Old.
The actual quantity of West ladle Sugar sold on ac—
count of tho importers, in the week ending the lath in-,
stAnt, according to the returns mad* upon oath by Me
West India sugar brokers, in conformity with the Act of
Parliament, and on which quantity the above price is ea:'
puted, consisted of 2,498 bbds. 93 trs. and 164 bands.
West India Sugar may be quoted quality for quality.
this week 17s. per cwt. dearer than foreign Muscovado
sugar, raised by free labour cast of the Cape of Good
Hope. _ _

Those refiners in London who work foreign sugar for '
exportation only, supply foreign markets with re-
fined sugar, equal in quality to the double loaf standard.
deducting the charges of shipping at 325. 6d. per
cwt., being about 6s. 6d. per cat. less than the home
consumers are compelled through the operation of the sugar
monopoly to pay for the dirty moist sugar imported from
our West India colonies, and is positively 61. per cwt.
less than the price the poor man pays for duty free treacle.
We refrain from enlarging upon the frightful evils re-
sulting to the public and to the revenue from this baneful
monopoly, being unwilling, before the discussion on the
Corn-law question occurs, the time for which is close at
band, to bring forward any matter which might tend to di-
vert the attention of the community at large from the
heavier curse of the two—the immense agitation in exist-
ence amongst all classes, owing to the excellent lectures
and other means adopted for enlightening the public mind
upon the multifarious evils inflicted by the Corn-laws upon
the welfare of the nation, clearly indicates, though the
strug6le may be severe, that the atrocious bread tax must
be abandoned. We shall then not fail to demonstrate
tlit the various monopolies conferred most unjustly and
most unwisely upon the produce of the West Indies, are
the next in turn t be abolished.

TIIE LATE COUNTESS OF FIAREWOOD.--.
The interment of the remains of this Noble Lady will take
place to-morrow ( Saturday), in the family mausoleum in Hare-
wood Church, eight miles from Leeds. The Earl and his
eldest son, Lord Lascelles, will be chief mourners. Lord and
Lady Portman arrived at Harewood house express, on Friday
last, 23 minutes before the Countess breathed her last. The

Hon. George and Lady Louisa Cavendish, and all the branches
of the family, were at Harewood, when the melancholy event
occurred, except the Countess of Sheffield, who was detained
at Sheffield Park, Sussex, by delicate health. Lord Harewood
has had the misfortune to lose his Countess and eldest son in the
space of six months.
The Highland Shinty Club Ball, under the
patronage of the Marchioness of Breadalbane, the Countess of
Wemyss and March, Countess of Roseberry, Countess of Glas-
gow, Lady Louisa Forbes, and the Hon. Mrs. Bouverie Prim-
rose, will take place on Friday, the 28th inst., at the Hope.
town Rooms.