The Sun.
London, England, 1841-06-10 00:00:00

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PRICE 5d

upon Lord Castlereagh's declaration, in (we believe) the Ma,..
don case, that " the sale of seats was as notorious as the sue
at noon-day." The pious horror which this excited made all
that was " Liberal" in England thrill through every pore; it
compelled, as we remember, the hair to stand upon the head of
William Cobbett, an effect nearly as difficult of accomplishment
as that wonderful miracle lately performed, in raising a
blush upon the eheeki of Joseph flume. Now that
we have supt full of horrors and Reform, nobody thinks that
there is anything astounding in the declaration of Mr. 'Ward,
Member (pro hoe vice) fur Sheffield, that every one in the
country knows that bribery is the rule at all elections through-
out the country, and that those who heard hire were all ready
to put that rule into immediate practice at the approaching
,zeneral election. We may remark, as we pass along, that if
bribery be requisite to obtrude an obnoxious, and a most obnoxi-
ous candidate, upon a constituency, Mr. Ward will be called
upon to open his purse- strings very widely indeed at Sheffield.
Bribery being thus admitted by the Whigs to be nothing more
than the order of the day, i. c. when committed by Whigs, we
have no reason to complain of the arguments of the Bullers,
the Mildmays, or tl.e Wards, in its favour, defence, or palliation.
Mr. Hutt, however, introduced another topic of a far different
kind. The corruption of the electors is not sufficient—the in-
timidation of the elected was wanting to complete the work.
Lord Listowell (a rat by the way) was all bet convicted of
bribery ; —against his agent, Dr. Webster, there has been
already made out a case quite sufficient to send any man to
trial, out of which we wish him as good a deliverance as he de-
serves ; but Lord Listowell has an office about the person of
the Queen. If his Lordship be guilty of the acts imputed to
him, his position renders his conduct the more inexcusable.
Proximity to the fountain of the law ought to render the law
more sacred in the eyes of those who enjoy that honour ; but
it seems otherwise in the opinion of the Member for Hull.
MONEY

MARKET and CITY NEWS,
FROM THE MORNING PAPERS OF THIS Dal%
CHRONICLE.—The Funds have been quite neereted
to-day,
It has been anted matte out that a fixed duty on
corn is essential td tile safety of the Bail of England? We
have demonstrated that problem, not only from arguments ad-
duced by ourselves, but by men of great weight and authority
pn all questions connected with finance, such as Mr. lior:,:iev
Palmer and Mr. Jones Loyd, Mr. Norman, Mr. Gr.:afeu,
and
other bankers of experience. It really does iss require much
argument to bring
islecorivictn home to the Mind that a change
the chid
to maintain the
in our restrictive policy ssentially r
value and convertibility of the currency, and at the same
Brine afford the necessary support and accommodation to
the trade airci Industry of the country. It is not
within - the legitimate sphere of our province to enter
upon any discursive analysis of the question of the
Corn-laws, but, in order to illustrate the truth of our prin-
ciple, wasanust briefly obset ye that . the frequeet contractions and expansions in the curreney, and the consequent alters:2-i
tions in the value of money, ,have 'exposed' our therchar ".'s and
Manufacturers -to great misfortunes and 'viciSsitur!.es These alterations and fluctuations in the curreny, have been caused
very much by the uncertain operations ot .the trade in corn,
In other Words,' they hare been occasioned by the present
Corn-laws, -which induced speculator., to. import large clean_ tities of foreign Corn, to In deposited in
waretouses in
bond, until, by fietiticqti means, they can run up the averages
and forFe the ditty; so .as: ,to tumble thr.da to throwthe
speculation profitably on the home market. Large 'quan-
tities of gold are drawn off to pay for the grain imported,
causing a panic in tie Bank Parlour, who are forced
to make money scarce in order to bring prices down,
with the hope of induc:ng the Continental merchants
to become purchasers in our market. A scarcity of money is
thus experienced, which suddenly stops trade and paralyzes
the enterprise and productive energies of the country. This
state of things is mainly to be attributed to the sliding scale,
to which the system of averages is an unavoidable appendage ;
and thus, while that system lasts, steadiness in price, either
in corn or in money, is entirely out of the question. It seems
to be acknowledged on all hands that we do not raise enough
of corn at home to supply the people with food, and that im-
portation is unavoidable. Such being the fact it ought to be
obtained as cheaply as may be, and on a principle of avoid-
ing, as much as possible, all derangement of the Money
Market. Now the sliding scale seems to have been
invented for the very reverse purpose. It seems to
have been prepared to make food as dear as may be,
and to have been framed on a system that should produce the
greatest possible dstarigement in the Money Market, and
create the greateet.possible amount of damage to those who
have capitalembarked in trade and manufactures. It keeps the
Bank Parlour in a constant state of fever and alarm, watching
atmospherical appearances, and never without apprehensions
that they may be brought to a close by some sudden outbreak of
the. element,, which no man can foresee or guard against. By
the'sliding scale on corn the Bank is exposed to the operation
of speculative transactions, which act suddenly and capriciously
when the state of the home supply does not require importation :
besides which, the Directors have toguard every consecutive year
against the chances of an unfavourable harvest, and the conse-
quent drain of their bullion. In the year 1839 in particular,
to go no farther back, the Bank of England was upon the very
verge of bankruptcy in consequence of the had harvest of 1538,
and must have suspended specie payments if the Directors had
not obtained a loan from the Bank of France. While the pre-
sent law is maintained, the continental merchants will not take
our manufactures in exchange fur their corn, and thus when ss
scarcity of corn is experienced, the price must be paid fo-: in
gold ; whereas if the free trade principle of a fixed dut"f were
adopted, the supply and demand 'would find their level When
there was a deficiency in one part of the globe; it would be
readily supplied from abundance in another ; and reciprocal
intercourse being established between Great Britain and the
corn and timber growing countries, r.autual wants would be
supplied by an interchange of mutr.al products. The immense
increve which our export trail' would receive would speedily
rectify the Exchanges without cramping the Money Market,
and gold would flow back to this country so as to relieve the
Bank of England of all fears for the possibility of a had harvest
draining off their bullion, and again placing them on the
threshold of bankruptcy.
POST.—The values of our Government securities have
undergone no change during the day at all worthy (Al attention.
There was but very little appearance of business, and at the
close of the Market the quotations were as nearly as possible
the same as yesterday.
SUhe aspect of bot:i stock and produce markets in the
City was extremely dull to-day, and although the quotation of
the English Securities did not give way, it was as much from pure inanition as any thing else. For money Consols remained
all day at 11194. For the opening on the pith of next month,
the current value all day was 89 to 88i. Exchequer Bills
brought a premium of 7s. to 9s. , and East India Bo.ids were
at par to 2s. premium. The Reduced Three-and-a-Half per
Cent,. were at 97 to fi, and the Three per. Cents. Reduced
at 881 to 4. Long Annuities were at 124 to 13-16.
How long the present depression in Foreign Stocks is likely
to last is a question that really becomes of serious import,
when we reflect upon the large class of holders in this country,
the value of whose property is actually dwindling before their
eyes, in consequence of the shameless apathy and
wretched impoverishment of their creditors. What with
these adverse cireumstances, and the prospect of one or
more of the States of North America failing in the
payment of the interest due upon their debts, the capi-
talists of England have been finely plucked within the last few
years, for no other purpose than that of exalting the bor-
rowers into manufacturing, if not political rivals. If money
is to be loaned, we trust hereafter it will be towards the im-
provement of the resources of Ireland, or of our own colonies,
the prosperity of which is bound up with our own. The Ac-
tive Spanish Bonds were at 234 to 23 ; the New Portuguese
Five per Cents. at 334 to ; the Colombian Stock of 1824 at
204 ; the Mexican of 1837 at 27 ; the Chi Brazilian at 674 ;
the Peruvian Six per Cents. at 15; the French Three per
Cents, at 77f. 25c. ; and the Dutch Five per Cents. at 99%
to 100.
Shares were offered rather freely at a decline, the following
being the current quotations :—Great Western Railway Shares
were 26
longst 26th134 to 11; the Fifths, 61 to 4 ;
the Lo nd Birmingham, 68 to 67 ; the New, 214 ; the
Midland Counties, Quarter, 7; the :York and North Midland,
21 to -1,-; the New, 10 ; the North Midland Thirds, 1 ; and
the Siuth Western, Isi to 14 premium. Brighton were 44
to 5A ; Blackwell, 64 ; Eastern Counties, 144 ; North Mid-
land, 31 ; and South Eastern, 174 discount. London and
Westminster Bank New Shares were 14; and Union of Aus-
tralia, 8.4 premium. Metropolitan Wood-Paving Company's
Shares dropped from &premium to par.

Bell's Life in London of Sunday next, June
T 3, will give the most copious Account of Ascot Races, with
Engravings of the Cup and Vase. Price of Bell's Life,

We are sorry to observe that in Paisley the dis
tress among the weavers is very severely felt. It has been
aseertainedithat not fewer than 1,369 are oat of employment,
to whom may be added, as draw-boys, pm-winders, vac., as
many more, making in all 2,738, not to speak of warpers and
many others whose interests are affected by the same causes
which have thrown the weavers out of employment. Paisley
is indeed in a very depressed condition—pauperism appears to
be gradually on the increase-_a melancholy proof of which is
afforded by the fact that, in the Abbey parish, the poors' as-
sessment has been this year increased by upwards of 1,000/.
Glasgolo
DESTITUTION AMONG TIIE HAND-LOONI
Wi.:AvEas.—We are deeply grieved to learn that this body of
operatives are at present enduring much privation, in conse-
quence of the want of work. The etlect of even one day's
idleness among this unfortunate class is to bring upon their fa-
milies all the horrors of want, and the•dreadfulconsequence of
a suspension of labour for any lengthened period may there-
fore be easily conceived. Driven almost to desperation by
the circumstances in which they were placed, a meeting Of
hand-loom weavers, amounting to some hundreds, was, on
Friday afternoon last, held in the Public Green, to consider
what steps they ought to take for procuring immediate relief.
It was resolved, after some deliberation, that the best
course to follow was to send a deputation to the Lord
provost, with a plain statement of their case. This was ac-
cordingly dune, and, in the course of the afternoon, four of
their number waited upon his Lordship, who received them
with his usual kindness and urbanity. The effect of the inter-
view was a meeting of the Relief Committee on Saturday,
called by direction of his Lordship, when it was at once de-
termined to give immediate relief to the more destitute portion
cf the idle weavers, and afterwards to enter upon consideration
of the best means of giving them some description of out-door
labour. A quantity of meal was purchased, and a supply served
out to about 1611 families, sufficient to sustain them for a few
dais, till the future arrangements for providing work could Le
I entered into. The Committee have rod yet decided what kind
i of work the weavei a are to be employed upon, but the breaking
I of stones has been spolo,n of.— Glasyote Arque.
Front 'l'. J. Pettigrew, Esq., Surgeon,
to Messrs. S. and B. Soloinons, 39, Albemarle.street, Piccadilly,
opposite the York Hotel, and 76, King William-street, Bank of
1 England.—" Gentlemen,—l have no hesitation in replying °to
I your inquiry as to the results obtained by the usreeadoifiit.tymt,zd
improved spectacles; being in the constant habit
it
writing for many hours together by lamp-light, it itbuarttbjuirsiticteittioe
say, that your newly.invented spectacle havelensesdi
ar
pebbles, I
I the greatest comfort. When I employed the ordinary
never failed to experience in the morning a great iir)rila.tion in the
I suffer IYout no
eyes. Since I have used your glassesadmirabletel-0 grateful to my good
Inconvenience of the kind.
friend, Dr. Blundell, for havilll;ldtiwei‘i.tm.ryatteTn.tion to the subject,
J. PErricerw, 8,
—Believe me to be your's, very respectfully,.
II ward Elphinstone begs
Saville-row, Jan. 4, I 539."—"
leave to say that the Spectacles I3ler. /(lll;a.s.Silir,riw°had so:no time in use,
have fully redeemed the assuranceot :11esers. S. and 11. Solo
mons as to their excellence, and haying found so much comfort and
advantage from their use, far preferable to every other kind of
glasses
e' whichnumber constant habit of making use of
f , Norfolk.street, Park-lane, the 6th
Ira ass
great ii
e hs
of y been
ears. I the iu 3
of November, I 540." The Messrs. Solomons, Operative Voice Con
ductor, when fixed into the cavitynf.
--Ntlve car, the, faintest uwhis,ip.cr
at a assembly is heard with distlnctness.o connexion
persons qf the same name.