The Sun.
London, England, 1841-05-20 00:00:00

%2

EVEN

f foreign. The immediate fall would not exceed What we
have stated. When the stipple on the Continua and in /One--
rice, however, came to find its level with the increased demand
he fall would be greater. But that is a tr4ter, heyonkitir,
present purpose and our province. It is cootie' for' us to
state here that if the fixed duty of Bs. be carried, the people are
sure of a cheap leaf, and phiity of employment for the manu-
facturing population.
Consider, on the other hand, what would be the consequence
of persevering in the present prohibitory system. The tight-
ness of the Money Market would necessarily continue with
stagnation of trade. There would be constant but ineffectual
endeavours to bolster up the Exchanges, and to give them a
healthy feature, while the bullion, at something under
5,000,0001., not half what it ought to be, and, with another
bad harvest, would be totally incapable of enabling the Bank
to weather the storm.
Sir; Robert Peel must entertain a very low opinion of the
intellect of the people of England if he suppose they will he
deluded by his assumed prosperity of the manCacturing inte-
rests, deduced from a reference to the figures of exports.
There is not a weaver in any of our maim acturii,g towns
who does not know that the increase is confuted to arti-
cles in which the lowest amount of labour is expended, and
that in the highest quality of manufactured goods there is a
yearly and a steady decline which the opening up of our Aus-
tralian world is unable to compensate, and which the shutting
up of the Brazil and American markets would most ruinously
increase.
A change from monopoly to free trade is essmtial to the
safety of the Bank of England.
TIMES.—The debate on the sugar duties, which entirely
absorbed public attention, having at length come to a con-
clusion, people in the City are beginning to turn their thoughts
to foreign affairs, especially to the present position of the
Regent of Spain, which is naturally interesting to the
great body of creditors in this country. The gnat point
of discussion is whether Espartero will be able to main,
tain his position, and whether, which is nearly the same
question, Spain is to have any or no government. The•
principal mercantile houses who communicate with
Spain, and are most careful in watching the opera-
tions in that unfortunate country, seem to agree in the opi-
nion, that while there would have been no possibility of main-
taining a Government had three Regents been appointed,
there is that possibility now, though it is a possihility only,
which none seem inclined to think amounts to a probability.
Although he owes his political existence to a revolution, it is
generally agreed on that the revolutionary party will be the
one which Espartero will have to dread, while to the Conser-
vatives he must look for support, since, although prior to the
events of September they were his natural enem,es, they alone
from their stake in the country, and the inamtenance of order,
feel the necessity of upholding existing authority, whatever
dislike they may harbour against the person in vi hose hands it
is lodged. The election of the Regeucy itself is sufficient
to show that this opinion is not basely formed, as the,
more moderate party were to be found amqng the Unitariatie,
while the Trinitarians were composed of the ultra-democrats.
On the Conservatives, then, it is said, Espartero must re'l, and
must further resolve that revolutions shall proceed further,
not only for the sake of the country, but roc 'personaLl con-
siderations, since a fresh movement, while it, revived anarchy,
would probably remove him from power, and consign him to
the fate of the many who have been by turns the leaders ars:t
victims of popular insurrections. The list of the Ministry t4s
expected with anxiety, and mush, it is believed, will depens' an
the choice made by the Regent, since of himself, th-ougji.c..
one doubts his firmness, resolution., and in abOrt
out
ibi s
alitAle
as a soldier, it is believed he woolst
n.:ltt act without assistance, from the want of that
his arduous military life, 'mental cultivation whiteb
has precluded. In a°"
cow in his earliest year.,
ds, the soldier is thou ht
superior to tb^
aVi WM'
• statesman. Even with a powerful
Cabinet, is•
- _ is believed be wiil meet with the strongest opposi-
- in both Houses of the Legislature, especially the lower
one, and the only expedient course will be te prorogue the
Cost. s for a while, testing the disposition of the Members
before they are allowed to act, and, in the event of discovering
that all chance of working with them is utterly hopeless, to
come to a dissolution, and use what influence he he's at the
elections. The army, fortunately fol. Espartero, seem, to 1)4?
in his favour, and in this and the Conservatives his strengtl.
wit depend, while the formidable opposition will be found in
the various municipal authorities, and all those who am more
or less imbued with the republican spirit. Thus, the mer-
chants whose opinion is here set forth agree that reliance can
be placed nowhere else than on the firmness and intelligence et
Espartero and his Government, though whether reliance cart
be placed even there all seem inclined to doubt. The unwill-
ingness of Spaniards of property to settle in their own country
is an important index of their real view of the present state of
things.
POST.— the result of the debate of the last eight days in
Parliament has been considered here most decisive. It is
thought impossible that, after so signal a demonstration of the
public feeling, the Melbourne party can pretend to cling to.
office a moment longer.
The Committee of the Stock Exchange have passed a reso-
jlution that will, we should think, be found lo operate very
inconveniently for brokers and others having business to ten-
saet in the public funds ; but such is the wisdom of the gentle-
men of the Committee—such the solicitude they manifest
upon all occasions for the interea of the public, and for the
maintenance of the institution over which they preside in
its primitive and immaculate purity—that we doubt not they
must have some unanswerable argument to offer in jva.
tification of the measure. They have just decreed that
the quotations contained in the official lists published at one and four o'clock respectively, may, in future, be
added to, or altered, at the pleasure of members requiring it,
upon the authority of their written representations. A nem-
her of reports of the movements of the House, founded upon
the prices recorded in the official tables, go forth at irregedav
d
awnhdiedhesapraetceltuniodito,adll
nr ocpeo Ipi sr,eptahreinegonftoerntsthoef
hstnvals. At twelve o'clock, Gar instance, lists are made up,
i pnalt.htse correspondence rrtehsep onndeet
country, Paid the foreign mails, some of which close early in the
day. Now, as any alteration made in the official lists between
twelve o'clock and one goes directly to falsify the advices pre-
viously given of the state of the funds, it is quite evident that
bankers and others residing at a distance will find a diffi-
culty in reconciling the discrepancies which they can-
not fail to discover, from time to time, between
the quotations forwarded to them by their brokers
or agents, and those eventually introduced into the official
publication. Parties sitting down at three o'clock in the af-
ternoon with the lists before them, to give their friends in the
country, or on the Continent, a fair and detailed statement o`-.
what would app:ear to have passed at the Stock Exchange ups
to that hour often find, on the distribution of the pripted
document at four, the whole of it invalidated by subsequent
interpolVnona. What object this change in the practice of the
house is intended to answer does not strike us, but, as we have
Were intimated, the sages of the Committee can doubtless
tarnish good and sufficient reasons for its adoption.
HERA Lll.—For some days past there is been a difficulty in
money affairs, that is in raising money, which has been severely
felt in many quarters. This morning the rates of money we,
as high on accredited seculities as even to eight per cent. Bnf
towards the chase of the Stock Market there was a greater easi-
ness in money matters, although money was still scarce mei-,
not to be had under six per cent, in the best quarters, and cr.a
good securities.
SUN.—The report that Lord J. Russell would perhaCii
resort to a dissolution, had the effect of creating a great.
demand for money, but before the day terminated more
ease was felt in this respect. The same cause affected
also the value of the public securities, which, howewr,
were higher this afternoon than during the
Consols for immediate transfer brought 90 to 89i, ts.;.
for the Account 90 to 894. Exchequer Bills were ls. •
6s. premium, being a fluctuation indicative of the pressure
that existed ; and India Bonds were at 3s. discount its
par. Bank Stock took rather a wide range also, bang
quoted 167 to 1681. The New Three-and-a-Half per
Cents. were at 9St to -41 ; and the Reduced Three p,_:=
Cents. at 881 to 884.
The %reign securities continued fat. Spanish Activ,
Bonds were 234 to 23i. for Money, and 234 to for Ac-
count. Portuguese New Five per Cents. were
Mexican Bonds were not higher than 28i to ; Peruvl
brought only 16i to ; Colombian were at 22:k ; tied
Chilian at 614- ; Dutch Two-and-a-Half per Cents. were
dull at 52a ; and the Five per Cents. at 99i toi.
The Railway Shares all ranged rather lower, being
affected by the prevalent scarcity of money.
The importance of the fisheries carried on by our
North American colonies, is too well known to sail
who are at all conversant with the matter, to require
elucidation; and we are glad to find that the subjectlios
been taken up in earnest by the Legislature of Nova
Scotia. We trust that this is but the prelude to Worn)
active measures on the part of the Home Government;
and in order to give some idea of the necessity thereof,
we subjoin a small portion of the very interesting Report
of the Committee appointed by the Nova Scotia Lep-
lature, to inquire into the condition and prospects of-the
fisheries:—

_ " Your Committee further report that the export. !'
fish from Nova Scotia, by the official returns made unck r
the order of this House, in the year ending the sth' of
January last, amounts to 327,026 quintals of dry fist ;
71,676 barrels, and 1,137 tierces and 3,643 kits of
pickled fish ; 27,755 boxes of smoked fish ; 2,553 bar-
rels, 4,661 casks of oil ; and 1,735 seal skins, and tw,,
casks of seal skins, the value of which exceeds
500,0001., and the taking of which employed upwards of
60,000 tons of shipping.
" The Committee have procured a statistical table,
showing the extent of the fishing interests in Massa-
chusetts, the State principally engaged in this branch of
commerce, whence it appears that for the year eliding
Ist April, 1837 (since which no authentic report appears
to have been made), the catch was 510,554 quintals of
cod fish, valued at 1,569,517 dollars, and 234,059 barrels
of mackerel, valued at I,639,o42d:llGarosliernemmpil:y4in:
1,290 vessels, and 11,146 hands ; and this business Is in-
creasing yearly, being cherished by the
tending to advance the commerce of the Republic, and s.,
furnish seamen for its defence, while the British fisheric,,
receive no pecuniary encouragement, but little protection,
and are left entirely to indivulual enterprise ; subject
fluctuation, and deprived by the local Legislature of
taining• provisions and supplies duty free, ,a-boon
tended by the Imperial Government.

fortune in the valley of the Alississipi- by
kee is making
Too GOOD TO BE SWALLO'WED.--A Yan-
-1 hffieetable pills for the cum of fever and %mu,
seiiin. pure.y Yen
The pills are peas, soaked in a solutio'n 0;
and oiher e 1
New Fork
if I d "
~ I'm blowed O, as the trumpet st,
yea
Advertiser.
give a tune.—Yankee Paper.
. [ADVERTISEMENT.]
TO THE LADIES.--The frequency bf scori:u;..
wlihquenoraicae.e—dditos7
eruptions, at the present period of the yP_ar, renders
existence of any agent as a cleanser o£4,:ae skin of pecu :lat. value and consideration. The g-reP!,,"
tended the use of Rowland's lief .dos as an active, yet !.,irt
and soothing, agent for clerring the skin from cutan,•:is
ov ifs
fi
etal
itei
ioun)su, 8 hda si s
cp eo
yreh7 :lever been surpassed in the
ana.46
celebrity that ha, fIL..
and cleansing, t Mid d soothing, yet src.) 'vim 1 an
the E. dor dispel° :l undue redness and inflammation, and
t.,:.t
succee',,s in establishing a beautifully fair complelv
.I'..e fiiist or second application of
„: .
ceanpanied by a roseate bloom. _

HOLLOWAY'S OINTMENT AND PILLS, if Tr.,'
lour soreslfinlellenrlsviantigdisa
cEoji pi
nEtohill to:
rai legs,s
3Surgeoni letterF::
iT
thighs,
: written b y the 2::. a .
together, will be found an infallible remedy for
afolnriditidlyi;..:
Herbert Mayo, "Esq.,
as
Hoil;oiel‘l'ia?ly'hal‘;:-segt.ri—edBiirt: :::::
ear
.fseciTlnvlarei
cle7o,isl7tiiinieneAtii :1,;:i
Hospital :—" To 'I bom
youll3sbelee::
ic
MAYO, 19,
of
cyuluo,ssue:
iclnt
please,el i
oi
allsrgteh.sesoctinrasc:ee et informals,
more
ilioi answerlflenHanover-square,
nv
1837." To bsheeeymehnia,sddtaottrha.rtflolrueo..mPrToopinriredtoteri3'sarE;satnadbliasthipe:n;
9,11,140u5.t
6tdli.e, 11iIisn.g:d2o,ms.,;anind rat:
al9se,4lBd4P'ebScotatxrrei atC Li. lid,, 2s.
each.