The Sun.
London, England, 1840-03-11 00:00:00

TUESDAY EVENING.

TIMES—By the advice from liarnburgh of the 3d
inst., the price of gold is 430 per mark, w hich, at the Eng
lish Mint price of 31. 17s. 16d. the ounce for standard
gold, gives an exchange of 13.7,1. and the exchange at
Hamburgh os London at short being 13.7, it follows that
gold is 0.23 per cent, dearer at Hamburgh than in London.
The premium on gold at Paris is 7 per nae, which, a
the English Min• price of 31. 7s. 1041. the entice for
standard gold, gives an exchange of 25.321, and the ex-
change at Paris on London at short being 25.20, it fel-
lows that gold is 0.10 per cent. dearer at Paris than in
London.

The course of exchange at New York on London is
105 per cent., and the par of exchange bet vein Ergland
and America being 109 23-40 per cent., it follows thLt,tho
exchange is 1.07 per cent, against England.
There has been an improvement in the price of Conwls
to-day, though business has not been dine to any large
extent.
A meeting of the Proprietors of the Croydon Rai!may
was held to-day at the London Tavern. being Ow first half-
yearly meeting since the opening of the line. It appears
that they have hitherto been able to clear their expenses,
besides paying tolls to the Greenwich Company, and the
interest upon mortgages, eze. The new Diteciors and
Auditors animaciverted somewhat severely upon the stale
in which the accounts had been kept prior to their rumi-
nation, and their feelings seemed to be pa; teipated in by
the Shareholders.

city of owners of steam
An association is forming in the
vessels, on a large scale, for the genyral protection of their
interests. It is intend:A as a counternart of the ShipowLees'
Society, and is certainly called for by the growing rn,gr,i.
tude of property of that description.
A project is on foot here for improving the communion..
tions'witii India by means of large and powerful steam
vessels, which rre to run every month from a port in tire
Chatinel to Alexandria with the Indian and Mediterranean
mails, and to touch at Malta and Gibraltar only on their way
out and home. Each vessel's to perform the whole journey
to Alexandria and back, waiting at Alexandria after disem-
barking the mails for the homeward mails and passeccers,
and performing quarantine, if any be required, at her
port of arrival in England. It is calculated that the con-
veyance of the mails between London and Alexandria will
occupy fifteen days on the outward, and sixteen girl the
hornew:-.rd voyage. It is even surmised that this scheme,
if successful, may render unnecessary the route via Mar-
seilles, and make this country independent of France in
her communications with India, though this is a mere hy-
pothetical conjecture, and not the main desi7n of the pro-
posers. There is even an idea of up the plan
by a line of steam-packets between Calcutta, Madre's,
Ceylon, and Surz, which would complete the whole route.
The success of this plan, however, will materially depend,
it is thought, on Portsmouth being made the port of arri-
val and departure, instead of Falmouth.

HERALD.—Money has again become plentiful in the
Stock Markets. It was barely worth 4 per cent. this af-
ternoon on the security of stocks in Exchequer Bills. The
effect of this improved state of things wes, that the public
securities have been very firm to-day, at a slig'utimprove-
merit in value. Consols for money have risen from goi
to 901, and for account to 91i 1. There was scarcely a
bargain transacted throughout the day exceeding 6,000/.
stuck in amount.

The proceedings of the House of Commons this
evening, on the motion of the Chancellor of the Ex-
chequer " for the appointment of a Select Committee
to inquire into the effects produced on the circulation
of the country by the various banking establishments
issuing notes payable on demand," are looked for with
much interest in the City, not only by the proprietors
of shares in joint-stock banks, but by others engaged in
banking business generally. It is bepcd most sincerely
that the subject, all important as it is, will he most fully
investigated by the Committee ; and that political biais and
party feeling will not be permitted to influence in any way
the proceedings of those who may be selected by the mouse
of Commons to inquire into, and report on, this vital ques-
tion. We have reason to believe that it is the wish, not
only of the Directors of the Bank of England, but of all
other parties who have their interest in banking business
in the city, that this question should be settled, and that
the result of the labours of the Committee may be such as
not only to give general satisfaction, but that the system of
agitation, which has been kept np for years past on this
subject, may be put an and to.

SUN.—The markets for sugar were not so brisk
this afternoon. owing to the expectation of fresh or-
rivals from the West Indies. Coffee was rather dull
from the same cause, and tea underwent no alteration in
value.

We are glad to notice an improvement, though cer-
tainly a slight one, in the foreign exchanges. Bills on
Paris were negotiated at 2.5 60, on Amsterdam at 12
24, and on Hamburgh at 13 9i.
The Funds closed very firmly, and prices were about
per cent. better than in the early part of the m,,rn-
ing. Consols for Money were last done at 90i, and far
April at 914, Exchequer bills rose to 22 premium, and
India bonds to 2s. premium. The New Three-and-a-
Half per Cents, advanced to 994.
The Foreign Stocks were flat up to the termination
of business, Spanisii Actives were last quoted 24,
Portuguese New Bonds 34, Mexican 29k, Brazilian 78,
and Dutch Two-and-a-Half per Cents. 33i.
The Railway Shares were steady, hut not in brisk
demand.

POLITICAL SUMMARY OF TINN

MORNING JOURNALS.

The Morning Chronicle of this day;. alluding to the late po.
tition against the Corn•lavrs from the Guardians of the Bolton
Union, observes :—" Our Tory contemporaries do net s.-.em to
relish the idea of Poor-law Guardians petitioning against the
corn monopoly. One of them is scandalised that Boards of
Guardians should become what it terms normal sehools of po-
litical agitation. Nov♦, that politics should interfere with
public charity is undoubtedly most undesirable ; but that an im-
post on the poor man's food, for the exclusive benefit of a
wealthy class, should be unnoticed by the poor's guar-
dians, under the pretext of its being political, is, to
our apprehension, not less undesirable."—The Morning
Post thus refers to the public dinner about to be given
to Mr. Byng at Drury-lane Theatre :—" We have nothing to
say against any tribute of respect being shown to Mr. Byng.
We have a regard for him on account of his antiquity, and—if
we might venture to suggest anything upon such an occasion—
it is that lie should attend the dinner (maugre ceremony-) in
the leather breeches and top-boots which must ever be asso-
ciated with our personal recollections of Squire Byng.' Bet,
because we respect Mr. Byng, we are disgusted to see such
paltry puffery connected with a dinner to which his name
is attached."—The Morning Herald remarks, in allusion
to the Chancellor of the Exchequer's motion last night
for a Select Committee to inquire into the present system
of banking :—" The Right Hon. Gentleman enumerated many
of the difficulties which surround the subject—but declined to
hazard any opinions of his own in regard to the best mode of
ov rcoming these difficulties. llis object, and that of his col-
leagues, is, of course, to shrink from the respomibility of any
changes that may be deemed desirable, by throwing that re-
sponsibility on the Committee."—The Times, speaking on the
question of the reduction of the household troops, remarks as
follows :—" Who but a niggazd and a misanthrope would rob
our youthful Queen at this moment of commencing her Royal
career with her amiable and gallant husband, of all the pride,
pomp, and circumstance" attached to the employment of theta
superb troops, which, after all, really cost the coun:ry nothing
worth the slightest notice?"

1 From TIM WErKLY DISPATCH of Sunday, March 8, 1840. i
THE MORALITY OF " THE TIMES" JOURNAL.
—There is no journal in the metropolis, and it is extremely
doubtful whether there is one to be found in the world, which
has alternately displayed Ki much insincerity and baseness as
Tie Times, a newspaper which has advocated and betrayal
every party with which it has been connected. The following
are extracts from that journal, and nothing can be more revolt-
ing to an honest mind than the evidence they afford of the
utter want of morality and the absence of truth and candour in
the Editors. It will be seen that, in 1834, the immaculate
Times lent its assistance to Chartism, while in 1837, only three
years afterwards, the honest Editors were aksolutely rabid in
their delight of Toryism ; but that may be accounted for by
the fact, that the same men who write the leading articles for
it now, about the year 1835 suffered their consciences to be sold
by private contract, with the types and machines, to the Carltex
Club ! Men of England, this is the organ which it was ill
tended by the Conservatives should " guide public opinion !"
The Peers.— The Peers are to The Lords have saved the
be considered as old and use- country by their wisdom ,
less lumber, and it is high and firmness. It is, indeed, '
time that th, y were deprived an established fact, thati
of the means of doing mis- their usefulness in the ;State
chiff.—Times, 1834. was never so gloriously ma-
nifested as at the present
Peelwits a n d
tLii3evilehausrts t .c-0
nNip
ro
emhae
nn., time.—. Times, 1!37 .
Hearmrau
arrant knave
indeed, be either a*
siitoonb,erwtoiu,eldel
anythingponoe pronounce
but S i
ar
thatdenies or a fuel, whet
sitrheßaebsertatbl
Peel
dl
is
sfatkect
shallow-paled r
Lyndhurst a
edtap
dise.
t, g
and thatreatest
Baron oflivri
ong
Lyndhurst
Statesmen,kand
signing knave. Times, is the most honest and
1834• learned politician of his
time.—Times, 1837.
Oxford University. The The pious and learned divines
monks at Oxford are the of the University of Oxford
most narrow-minded of ec- are the true bulwarks of
chTiastics. It is time that Christianity. It is an es-
they should begin to set their tablished fact, beyond all
house in order, for the hand doubt, that to their liberal
of sound and sweeping re- feelings it is owing, that all
form is now approaching religious disabilitioe have
them.—Times, MU. been removed. —Times,ls37
Church-rates.— What are the The unholy ~war against the
Church-rates but the most payment of Church-rate.
nefarious exactions when among low Radicals and
levelled against our Dis- Dissenters, amounts almost
senting brethren? The Al- to sedition and blasphemy.
mighty has left a man's Those who choose to secede
conscience free, and it is, from ourEstH blished Church
therefore, a robbery in the —and it is an established
eyes of Heaven, to extort
church—ought
rtchka—t
aitngisktthteao
ben made
only
true
fromth at craeedmwahniclsiuifflar does not pay pay the penalty for their
believe.—Times, 1834. backsliding. —Times, 1837.
Conservatives.— What are the We rejoice at finding the cause
Conservatives but the most of Conservatism
tb that
ihaaiiassdeilt doe so,
tacitrah,
directly
necradlecadnslpt
ypi
that
idcan
tr. lf:i
inveterate obstructives ?
masolfid
tbays
liea
st
providencenaiac
nnsi
s? i
established
What do they seek to gain
but power at the expense of
honour, justice, and the wel-
fare of the people.—Times,
1834. the Conservatives have ever
been eager to promote all
such reforms as tend to the
benefit and hapiness of the
community.—Times, 1837.
The Queen Dowager. —Feta- What a miserable seoundra
coat politicians'are the bane must that man be who would
of a Court, and in regard impute to our gracious
t.J.Lord Melbourne's disnzis- Queen the slightest inter.
sal, it is well known " the ference with political mat.
Queen did, it alt."—r-rnes, tors! It is an estabiished
. ~..--„, fact tLt .'..cr .sliijosty is toe-
interrapeedlz en„Taged solely 1
in the exercise of her private 1
virtues.—Times, 18b7.