The Sun.
London, England, 1841-02-16 00:00:00

SONNET TO WALSALL.

(From the Anti• Corn. law Circular.)
A stain is on thee, Walsall ! A foul blot
Is fixed upon thee I For thou hest been wcigh'd
And art found wanting ! Honest hearts have pray'd
F thy success in a just cause. And what,
What past thou don e ? Upheld a cursed law !
Cherished an ineuLus upon thy trade !
Nor heard the starving cries of those who made
Thee what thou art. And whilst around thou saw
Thy hundreds famishing; want, misery,
Spread far and wide—lent not a helping hand •
Tny country's fettered commerce to set free.
Long be those names remembered through the land
With bitterness, w ho sunk thee low in shame
Blessings on those who strove to raise thee up to fame.
W. W. W.

PENSIONS AND PEERAGES,--A message was
brought down from her Majesty oa Monday to both
Houses, recommending that some mark of distinction
should be conferred on Lord Keane for his services in
Affghanistan. Sir John Keane received a peerage last
year for his merits, and now it is proposed to add a pen-
sion of 2,000/. per annum to himself and his two next sur-
viving heirs. This ancient profuse method of rewarding
military services, we hoped had been for ever discarded,
with so many other scandalous abuses, which were the
fruits of oligarchic ascendancy. Within the last two years,
however, it was revived in favour of Sir John Colborne,
and now Lord Keane is to have the benefit of: it,
and doubtless also Admiral Stopford I We . pro-
test against it as unjust, extravagant, and unnecessary.
It is unjust, because from the twelve or fifteen thousand
men, soldiers, and cfficers employed in the expedition, who
shared its dangers, and the merits which achieved its suc-
cess, it singles out one for reward. Granting that the
Commander-in-Chief, who has the greatest responsibility,
should have the greatest portion of the reward, is it
equitable that he should have the whole? It is extrava-
gant, because it rewards men unborn for the merits of
their progenitor, burdens future generations for benefits,
real or supposed, conferred upon the existing one,
and makes the country pay probably 200,0001. for
services of no rare or difficult kind, and which it re-
quires no such premium to induce men to perform. It is
unnecessary or mischievous, because it fosters the military
spit it which is already too prevalent, and it creates a pauper
nobility who become ready tools of corruption. It is,
moreover, a price paid for the hereditary principle of the
peerage, which is in itself a nuisance and a blow on our
legislation. If the more rational rule of making peers for
life had prevailed, Lord Keane's pension' would leave a
much smaller burden on the country.' We deeply regret
to see a Ministry which has so many claims on the confi-
dence and gratitude of the empire. copy in this particular
the most objectionable acts of the eld Tory Governments.
" Great men have ever scorned great recompenses;
Epaminondas saved his Thebes and died,— •
Not leaving even his funeral expenses;
George Washington had praise and nought beside,
But the all-cloudless glory which few men's is,—
To save his country."—Scotsman.
_

THE LUNAR ECLIPSE.--The hazy state of
the atmosphere on the night of Friday and Saturday
week, prevented a clear observation of the lunar eclipse,
which commenced soon after midnight, and continued
till nearly four o'clock, in the neighbourhood of the "me-
tropolis. The astronomers of Paris appear to have been
more fortunate; and from one of the journals of that capi-
tal we copy the following particulars :—" The total
eclipse of the mocn was-accompanied by another pheno-
menon, whose coincidence with a lunar observation is very
rare. About twelve hours after its issue from the shadow
of the earth, the moon eclipsed, in its turn, a small star
in the constellation of the Lion. According to the cal-
culations of the Paris Observatory, this star, situated in
6 minutes of southern latitude above the moon's centre,
was lost behind the disc of the latter at 20 minutes past 6,
on the evening of the 6th, re-appearing, also on the south,
at 10 minutes past 7, after an obscuration of 50 minutes.
Thus, those observers who did not shrink from a freezing
watch, had the opportunity of witnessing a lunar and a
stellar eclipse in the same day. This eclipse, which from
27 minutes past 1, to 4 minutes past 3, entirely hid the
noon, was one of the longest which can ever be seen ;
nevertheless, the centres of the moon and of the earth's
shadow did not exactly coincide."
ELECTROGRAPHY.—The value and importance
of this very interesting, and also very astoteishing art, is be-
ginning to develope itself. The rapidity of the progress
it has already made surpasses almost every thing in the
history of science, and there is reason to believe that its
varied application will, in the course of a short time, pro-
duce anew era, both in the art of engraving as applied to
copies of pictures, and also to the printing of manufactured
cottons and silks. It is already in practicaluse in Glasgow
for multiplying the engraving copper rollers used in calico
printing, where it will be of great service. By stoppit:g
out, as it is termed, certain pints of the engraving on the
upper rollers, and introducing other parts, the manufacturer
will be enabled to vary his patterns to an almost unlimited
extent, and thus at one-fourth of the numbs of rollers now
used more than ten times the number of patterns will be
produced. In the Potteries the introduction of electo-
graphy is looked forward to with expectations of fortunate'
results. All the printed devices on earthenware are now
produced from prints taken from engraved copper plates.
By introducing the multiplication of plates by the electric
process, which' several of the most eminent manufacturers
are determined to avail themselves of, it may be confidently
expected that in a short time in the designs of dinner and
dessert services, because at a much less expense, much
better designs may be obtained and made use of by this
means.' The new invention has been applied to steel
plates, and the experiments have been successful in ob-
taining transcripts on copper. Th;s is an important fact,
and one which, until proved by experiment, was thought
very doubtful. The process is now being employed in
mezzotinto plates, and there is little reason to doubt its
success.—Edinburgh Courant.
DESPERATE ATTEMPT AT SUICIDE BY A
PRINTER.— Yesterday afternoon, between five and six
o'clock, a. man, about forty 3e rs of age, who was passings
over the west side of Blackfriars-bridge, suddenly tapped
a gentleman on the shoulder, and exclaiming
and
goes," shot across the road in the twink"'atiowf eye,senrepasi”g
notwithstanding the number of peraonaw.n
the bridge into
himself head-foremost from the parapet of
and repassing at the time, he
on re-appeared,
and however, sO
the water, and sunk.
nbing up exceedingly strong,
succeeded. precipitating
and the tide, whicli was
c.
of
the
bridge.
He
waanrd Uo 's wharf )
and constable Brand (316)
y a vva-
th rescued off noßa a
A Sneire, who, with the assistance of
sm carried
aa tuleh
reamed
mt
ch‘..r
ag_hest 1)(03
o 3 centre h
ter
police-serjeant.
au iitiwt aot efrinsensibilitye thoe
was
promptly
Hutchinson, 92, Farringdon-street,
h wbose unremitting exertions for upwards of an
cones}at Arrastendre eedde.
hyinghi
frin
through
hour he was brought to a sense of consciousness, and
stated that his name was John Edwards, that he was by
trade a printer, and resided at 2, Windsor-place, lioxten,
and bad a wife and family. Mr. Hutchinson having ascer-
tained that he had sustained a compound fracture of the
left area, besides some severe contusions of the head which
ho met with, it is presumed, by coming its contact with
one of the numerous piles of wood which arc to be s.:iita at
low water in that particular spot, directed his removal' to
St. Bartholomew's llospital.

NEWPORT.-011 leaving '
the Court on Tuesdav"
Mr. Morgan was taken by his friends and placed in a chair.
ornamented with orange and blue ,ribands, prepared for
the
hailed as
and
sslowpassedwbays carried
tilee round the
heersofhis f
riconuzs: He w
whichhaos
returned by bows as he proceeded. 13,fsre, however, he
reached the-Beaufort Arms•Hotcl, at which he stayed; the
mob, who surrounded him, anxious to gain itossession of
the chair, upset the Honourable Member from it, wile,
.with
some difficulty,. aided be the exertions of his friends, es-
caped without serious injury.
.171? e chair, after some fight
lug among' the mob, was torn tic, pieeeS, as we heard, and
the tumult soon sul)Aided.
•,
VALENTIA H,D
ARBOUR. -- Be nenharbour
lighthouse at Valencia was lighted up for the first time on
the lst instant. It is a very tine building, executed in the
most beautiful malinc,r. We:understand that already seve-
ral vessels have talon advantage of it to run, for Abet
noble harbour, during the heavy easterly gales which,pre..
vaii. Of nine, vessels now wind-bound, five entered the
harbour at night, and as they passed the new harbour
lighthouse, each crew gave three hearty cheers for the
benefit conferred on the coasting •g .
4u9 by. ibis splendid
work... Kerry Examiner,

-

AMERICA.

EIGHT DAYS' LATER FROM AME

RICA.
ARRIVAL OF THE ACADIA STEAMER.
e Acadia, Royal mail steamer (Captain Miller),
an red at Liverpool on Monday, shortly before three
o'clock, having performed her passage in ten daysand
a half, and bringing eight days later news than the ac-
counts received by the Columbus and Roscoe.
Mr. NPLeod's trial will not take place until the last
week in March, unless a special Commission be issued,
which is not probable.
A letter mentions that Mr. M'Leod had determined
on giving bail, as it was feared by his friends that his
health would be seriously impaired if be continued so
long in confinement. Meetings have been held in va-
rious parts of the Western district, but it does net ap-
pear that the excitement consequent on the affair has
in any great degree increased.
The party in the States desirous of a rupture with
England, seem to be exerting themselves in adding to
the, disagreements between the two countries. It is
now pretended that America is ill used and insulted,
by the English blockade of Chinese ports, and recent
seizures by the British of American vessels employed
in the African slave trade. The movement of British
troops into the Maine territory, by order of the Go-
vernor-General of Canada, is construed in the most
hostile manner.

The Garrick packet ship has been got off, and a
steamer had left New York to tow her up.
The packet ship North America, from Liverpool,
had a fine outward run, having reached New York in
22 days.

The Acadia has brought over SI passengers:
United States Bank Shares has again receded from the
former reduced rates, and all our private sources of in-
formation are moat unfavourable as to the prospects of
the Bank.

MONEY MARKET.
(From the New York Herald of Jan. 29.)
Friday, Jan. 29, 6 p.m.
A startling fact has been developed to day. It is
fraught with the deepest interest to many largo interests
in this city, and deeply involves the existence of many
l:anking concerns. The United States Bank has effected
a precarious resumption by means of borrowing on this
side largely to meet present wants. This was, however,
acknowledged insufficient to meet her necessities, and at
the very moment of a final failure, the bank received ad-
vices from England giving her authority to draw, it is
stated, to the amount of 1,100,0001., or 5,000,000 dollars,
on certain parties in London. Whether this credit was
based on cotton, to be remitted from the south to meet
the bills, or upon other securities, does not appear. The
institution has, however, issued to the three Philadelphia
banks, in payment of balances. over 200,000/. of sterling
bills; she has issued 225,0001. to settle her debt due on
a judgment on dishonoured notes, and other large sums,
making 1,000,000/. sterling of bills drawn on the Lon-
don house. These bills were issued at a very low rate,
and have been offering in the market for this packet at 61
freely. Sales to some extent last week were made. The
permission to draw, although said to have been arranged
some time before, was not given until the latest
minute of the packet's sailing. The reason of this
was that the Bank of England, on hearing of the
negotiation, intimated in pretty strong terms to the houses
concerned, that the bills would be discredited, and also
Stated that it was the policy of the bank to discountenance
the paper of those concerned in shipping coin. One mo-
moat's reflection as to the position of affairs in England,
brings the conviction that this would undoubtedly be the
ease. The bank had little over 3,000,0001. in its coffers
at the latest dates, and the difficulties in regard to foreign
exchanges were far from removed, and the bank has for
some months proscribed the paper of those houses engaged
In the export of bullion. The exchanges are in favour of
this country, and a small actual decline would cause an
import of coin from Great Britain. What course then is
the bank likely to pursue in regard to a borrower that
throws 1,000,000/. of sterling bills in the market in one
operation with a prospect of coming for more ? Precisely
that which she has followed on former occasions, particu-
larly in 1836, when she struck down the American trade
without the slightest hesitation. If she did it then, when
we were so large customers, she is far more likely to do it
now, when the borrower is this instance is the only ob-
stacle in the way of a revival of the export trade, and
who is at this moment operating, through her suspended
branch in New Orleans, to raise the price of cotton upon
the English manufactures, and consequently to retard the
English export trade. The discrediting of these bills
will be productive of the most db.astrous consequences to
all connected with them.
SALES AT THE STOCK EXCHANGE, JAN. 30,
(From the Commercial Advertiser.)
50 shwa United States Bank
50 do do do
50 do do do next week 51
100 do do do s3o days 51
.75 do do do b3o days 51
43 do do do
60 do do do
50 do do do
150 (la do do. 51,1
50 do do do 514
50 do do do s3o days 501
60 do do do
100 do Delaware and Hudson Can. alO days 94
109 do do do
70 do do do ... 94
100 do do do next week 94,
125 do do do
100 do do do
50 do do do l5 days 9
375 do North American Trust Co
75 do do do
60 do do do
50 do do do
225 do do do
'5 do do do
25 do Phcenix Bank
100 do Vicksburg Bank
50 do do do
150 do do do
40 do Paterson Railroad
I do Boston and Providence Railroad ......
25 do Stonington Railroad
75 do do do
75 do do do
125 do do do
50 do do do .
150 do do do s3o days
60 do do do
100 do Harlem Railroad
50 do do do

28
130
60
430

do Utica and Schenectady R. R
do do do March 3
do Long Island Railroad
do do do

128
127
56
56

63 do Williamsburgh Fire Ins. Co
10 do Canton Co.
10 do do do
The business done at the Board this morning was to a
fair extent, and nearly at yesterday's prices. The only
variation we have to notice are United States Bank ad-
vanced a, and the sales were large; Paterson advanced 3-:;
Stonington ; Harlem z ; and Canton 3 ; while North
American fell offi, and Vicksburgh t!r.
STATE STOCKS.-5000 dollars Ohio Sixes were sold
this morning at ¶)7, and 4000 dollars Indiana Bonds at 651.
EXCHANGE.—Foreign.—There is a fair demand for bills
on England to go out by the Boston steamer. Southern
bills can bo bought Iron, 7to 8 per cent. Sterling bills
are at Bto Bk. On Paris sf. 25c. to sf. 23c.
Domestic.-1000 dollars on Philadelphia sold to day at
99,7,-. We quote :
On Boston
Philadelphia, to
Baltimore . / to
Richmond - to 2
Charleston 2 to 21,
Savannah
Augusta 5 to 51
Mobile
New Orleans 2l to 21
4
North Carolina ...... .
Cincinnati
Louisrillc
St. Louis
DIVIDEND.—The Loather Manufacturers' Bank has de-
clared a dividend of four per cant. for the last six months,
pay on Ist February.

MONEY MARKET.
WEEK ENDING JANUARY 30, 1841.

The improvement in our money market noticed last
week still continues. Prime business paper is readily dis-
counted by the banks, and prices out of doors do not vary
materially from legal interest. The demand for money
Ul4Oll other securities has been less than for some time
pant, and such loans arc negotiated with mare facility and
upon better terms. The rate of foreign exchange and the
amount of bills which may reasonably let/ expected from
the crop now going forward, form a reasonable guarantee
against any export of the precious metals for some time to
cure, wkis,h, with the comparatively small amount of busi-
ness engagements maturing, affords every prospect of a
continued abundance of money.
The banks of Baltimore and Virginia are expected to
resume early next week ; those of Georgia are by law re-
quired to resume on the Ist proximo ; and the force of
pablic opinion must gradually bring about a resumption by
the sound banks in other parts of the country. The sea-
-4,94 of the year—when we are delivering the proceeds of
Ott) crops—is favourable to such action, and its successful
accomplishment will do much towards placing financial
matters on a sound and firm basis.
The improvement in Stocks noticed last week has not
been maintained. Tee favourable news per Columbia had
the cffe:t of raising the market for a day or two ; but since
Monday prices have been on the decline, and in some de-
scriptions a fall of four or five per cent. has taken place.
This is in part owing to Stock thrown upon the market by
purchasers at law prices, fur the purpose of realising pro-
fits ; and in part to sonic want of confidence existing in
the ability of the United States' Bank to sustain a re-
sumption. The first a cause which always operates upon
the market after a material rise, particularly so at present,
when speculators are satisfied with less profits than for-
spierly. The latter resulting from the extreme sensitive-
ness of the community engendered by the many fluctua-
tions and reverses of the last three or four years. We have
every reason to believe that these doubts arc unfounded,
and the successful negotiations of all, or nearly all, the
sterling Bills drawn against the loan, which was confirmed
per Columbia, afford a satisfactory evidence of the confi-
dence of some, and should ho sufficient to silence any
doubts still remaining.
At the Philadelphia Stock Board, yesterday, drafts on
New' York to the amount of 10,000 dollars were sold at 4
okt.Lpit pevipternium.
:4=i t 41( 'N
c)'
a,:cs
......
C.
(Friyin til
.•, Wavuuderinaud dial
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MEETING.—AGGRESSIONS
ISEMENT OF ENGLAND. ,
gl3 New York Herald.)
It preparations are making to call a