The Sun.
London, England, 1841-08-16 00:00:00

STANDARD. The importunate curiosity with
which the measures to be pursued by a Conservative
Cabinet are daily demanded is instructive as well as
amusing. We may be very well assured that the inquiry
thus eagerly prosecuted by men who avow their satisfac-
tion at the calamities they have inflicted is not sug-
gested by any particuler anxiety for the public good.
The motive in the case is plain enough—the measures of
the future Ministry are sought after, that they may be,
in the first instance, reviled, and in the end, if possible,
obstructed. The war of a factious opposition is already
commenced, though they who commence it are still in
office—a strange and a disgraceful anomaly, if anything
disgraceful could be called anomalous in Whig-Radical
practice. The prudence and foresight of Sir Robert
and his friends—prudence and foresight which the coun-
try fully appreciates—have baffled the cunning that
would continue a specific opposition to the measures of a
Ministry still unformed ! and all that the Whig-Radi-
cals have gained by their ingenuity is the development
of their own unpatriotic and scandalous scheme of po-
licy. The measures of the new Ministry are, it is made
plain, to be attacked, whatever those measures may
be ; and if they do net present a sufficient num-
ber of points to be assailed, we learn that the old ma-
gazine of revolutionary projects is to be freely drawn
upon. We have lately seen apromising controversy
among the different sections of Liberals, as to the num-
ber of " organic change.s" that it may be politic to propose
from time to time, " organic changes" meaning
nothing more and nothing less than instalments of a
complete revolution. That the wildest of the "organic
changes" suggested hitherto by fools and madmen and
traitors, will find advocates and patrons among her Ma-
jesty's present advisers no rational man can doubt. . We
have no occasion to imitate the pressing interrogato-
ries of the _Ministerial Journals, as to the measures
which the new Opposition will rake up for use. We
know them et 4 ; they are the measures which these
same Whig-Radicals have most violently opposed ; and
we can almost certainly pronounce the order of their
re-appearance, by recollecting according to scale the
vehemence with which they have been condemned by
the men who are to revive them.

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF SATURDAY.
TIMES.—One of the chief guarantees that a Joint-
Stock Bank is managed on principles compatible with
the interests of the Proprietary, is the obligation of lay-
ing before them at their periodical meetings a correct,
full, and explicit balance-sheet. Any tendency to ren-
der this balance-sheet less correct, less clear, or less de-
tailed than it ought to be, is a tendency to deprive the
public as well as the Shareholders of this important
guarantee. And yet want of minuteness, if not absolute
omission, has been of frequent occurrence, so as in se-
veral instances to render the presented balance-sheet
little more than a nullity, or perhaps even worse, as
statements have occasionally been made calculated to
mislead. To convey solid information, the securities
ought to be divided into such as are good and such
as are doubtful, instead of a round sum being
set opposite to the indefinite item '" securities,"
without further explanation, and all such unmean-
ing heads as " preliminary expenses," and the like,
should be sedulously avoided. In a word, the balance-
sheet should give a clear and accurate notice of the actual
condition of the Bank with respect to assets and liabili-
ties. An instance of want of completeness in the infor-
mation conveyed to the Shareholders occurred in the late
proceedings of the London and County Joint-Stock
Bank, adverted to a few days since, when, in fact, 'no
balance-sheet whatever made its appearance, but a mere
profit-and-loss account, which gave no idea at all of the
situation of the Bank, and which was no less remarkable
than the silence and absence of inquiry with which the
proprietary received it. Some of the Shareholders are
now regretting that they did not elicit more satis-
factory explanations, especially when the rumour of
a large loss by the failure of Messrs. Coils, Thomp-
son, and Co., the bill-brokers, was so prevalent, and
a full account of the nature of the affair might have re-
moved much uneasiness. In exercising a due vigilance
Shareholders are not only consulting their own interests,
but when their institution is a public one, they have a
duty
to perform to the- epublic, who with themselves are
u p
Culls,
the
liable ,•0 be sufferers through mismanagement. Although
the profit
-and-loss account, such as it was, was merely
Massa
Thnaoorthsoonf, last June, and the failure of
and Co. had not then
occurred, still, as it lutp-)Cried- so shortly after-
wards, and
etoasehand over their bill-case deposit, the
wards, and Was virtuallyi caused by the refusal
of the
correct information •
atcf2oacr:
et tsprh`ti
aols) be, while before
must have been sufficiently known
possible as well as
e meeting took
3!iice
it was freely stated that the loss inquestion hadbeen
a severe one, and likely to affect future divid
Although, however, our information was oh'
it has now become a coran„.
...finftl at th%
andin the .n.• •
London -0/ookyi .41)1, r •
follow :—The tit VaTA fs,
meeting,th e money
00/., against
flees `" • i,311 ' lance of advances Atc,O,re. '002114, W:- " "-
appear to be ereditwit. to u,. .\17,.t
of
4-tv, n, and Co.,
are in
of
which :0044A t 15- to the extent 19
lt billion
tint %Amy Which only about 19,0004
nwirnifttlkete being, it is said, of a questionable,
t, :try the larger amount of security is wrap
_on
fcseit)
receipts of a newly started navigati cotrctre, fhe
session of which involves a legal waestion. 1ia0467.
facts of which surely the StaireWoiaets AtOtdil tfikw 6:11
officially apprised on so good lin nppoi;tHk "- presenting
itself for the purpose.
CllRONlCLE.—Thetttompolists tell us now that the
Bank of England vvllk it be drained of her gold to pay
for the neten*ity importation of foreign corn this season,
beeaesit, la consequence of the very low prices of British
predzi, payment will be taken in manufactures. We see
little appearance that this anticipation will be fulfilled to
any great extent. The price of British goods has been
ruinously low for the last two years. Large quantities
of foreign cern have been imported in 1838, 1839, and
1340, but the payments have been made in hard bullion.
We doubt much if a better system of trade for this coun-
try will take place this year. There is no reason to ex-
pect it. Quito the contrary; for when the continental mer-
chants see that a Ministry is about to come into power in
Great Britain professedly on the ground that they are
opposed to a revision of our tariff on imports, and particu-
larly against a fixed moderate duty on the importation
of corn, their staple article of produce, it is most likely
that they will rather be more disposed than ever to exact
payment in gold for that which they see we take
from them simply from necessity, and from no feeling
of mutual interests of traffic or reciprocal interchange of
commodities. Rat supposing the answer made by the
City monopolista be true. Assuming that only
1,000,000 of quaytera of foreign corn. 511.0144. be paid for