The Sun.
London, England, 1841-04-21 00:00:00

Bst 71b ; and fillies, bst 21b.. B. C.

Stamboul, Hellespont, Black Beck, Half Caste, Chameau,
Glen:norely, and f. by Mulatto, out of Lunsey.
Match, '2OO, h. ft. T. Y. C —Duke of Beaufort's Assassin,
Bst 71b, agst Lord G. Bentinck's Capote, 7st 131 b.
WED NESDAY. —Fifty pounds; for four years, 7st Sib; five
yes, Bst 111 b; six yrs and aged, 9st 31b. B. C.
Handicap Sweepstakes of 20 sovs. each for three yrs old, &c.
A. F.
Sweepstakes of 10 sovs. each ; for three yrs old, 7st ; four
yrs, Bst 101 b. D.M. Winner to be sold for 1001.
Sweepstakes of 200 sovs. each, h ft; for colts, Bst 7th ; and fil.
Bst 41b • those by horses untried on the Ist of ;thy,
1839, allowed 31bs. A. F.
Palamon (31bs), Beyrout (31bs), The Nob (31bs), Precur-
sor (paid).
Sweepstakes of 50 sovs. each, h ft, for foals of Ib3B, colts,
Bst 71b ; and fillies, Bst 41b ; winners of either Riddlesworth,
the Column, or 2,000 Guineas Stakes, 71b ; of any two of the
Stakes, 101bs extra. Ab. 111.

C. by Taurus, out of Mona ; Syria, Eringo, the Queen of
Beauty, Brother to Phosphorus, f. by Voltaire, out of Fau-
chon (paid).
THURSDAY.—The Queen's Plate of 100 guineas, for four
years old, 9st 81b; five years, lOst 71b; six years and aged,
lOst 121 b. R. C.

Sweepstakes of 10 sows. each, for three years old colts,
Bst 71b ; and fillies, Bst 41b. First of Ab. M. The winner to
be sold for 501.

The 1,000 Guineas Stakes, a subscription of 100 sovs. each,
for three years old fillies, Bst 71b. D. M.
Yaratilda, Florence, St. Colomb, Messene, Defy, Diversion,
H. R. H., Potentia, Australia, The Witch o. Whorley
fby Reveller, out of Green Mantle, Syria, The Queen of
Beauty, \Tibia, Delusive, Bettina, Paleface, Fanchon f (paid),
Delhi (paid).
Sweepstakes of 10 sovs. each, for two years old colts, Bst Gib ;
and fillies, Bst 31b. T. Y. C.
Match, 100, h ft, T. Y. C.—Duke of Beaufort's Assassin,
Bst 71b, against Mr. Byng's Garry Owen, Bst 41b.
Match, 100, h ft, T. Y. C.—Duke of Bedford's King of the
Peak, 84 71b, against Lord Exeter's Scutari, fist 21b.
FRlDAY.—Sweepstakes of 10 sovs. each, for three years old,
7st ; four yrs, Bst blb ; five yrs, six yrs, and aged, 9st. D. M.
Winner to be sold for 1001.
The Newmarket Stakes of 50 sovs. each, h ft, for three yrs
old colts, Bst 71b ; and fillies, Bst 21b. D. M.
Lampos ; Abydos ; Cesarewitch ; ch c by Ishmael, out of
Misnomer ; Jack Sheppard ; Revel ; Nebros • Phingari ;
Hawk's-eye ; Wahab • Monac ; Lyrnessa c ; ZEolian ;La
Gitana; bro to Phosphorus; Bozzago ; Young Quo Minus;
Knight of the Whistle ; Yorkshire Lad, dead ; b c by Bentley.
out of Oxygen, paid ; Delhi, paid.
No Day Mentioned—Match, 100, h ft. D.M. Duke of
Rutland's Sir Hans. Bst 71b, agst Lord Southampton's f by
Oppidan, out of Cream, Bst 41b.

NEWPORT PAGNEL STEEPLE CHASES—YESTERDAY.
Handicap Sweepstakes of 15 sovs. each, 5 ft, with 50 added,
21 subs.
Mr. Mason's Lottery, 12st Sib (Mr. J. Mason) 1
Mr. Davy's Gay Lad, 12st 121 b
Mr. Wesley's Jessie, lOst 101 b
Mr. Stevenson's True Blue, Ilst
•
Lord Cassilis nd Harkaway, lOst 121 b, dead.
The second chase, 3 sovs. each, Ilst 71b, was won by Mr.
Higgin's Pretty Jane.

SPIRIT of the PUBLIC JOURNALS.

FROM THE MORNING JOURNALS OF THIS DAY.
CHRONICLE.--The Times throughout 1833, and
down to the autumn of 1834, was the advocate of popular
municipal institutious ; but, having changed sides, that
consistent journal now defends every rotten establishment,
and justifies (very Tory who profits by " things as they
are." The Bill of the Attorney. General, "to facilitate
the administration of Criminal Justice in certain boroughs
in England," serves as a text for an article in the Times
of yesterday (which tells us that "its attention has been
directed to some recent proceedings, both in and out of
Parliament"), in which it is hardly possible to crowd in
the same space an equal number of misrepresenta-
tions. We hardly need to direct the public attention to
the contest which has long subsisted in the unincorpo-
rated English boroughs for obtaining popular local govern-
ment as a substitute for courts feet and baron, and local ma-
gistrates, in the place of nominees of the county lieuten-
ancy. The eager desire far self-government was of course
greatly stimulated by the reform, in 1835, of the old cor-
porations of the ancient boroughs: On the Municipal
Bill of that year, in which authority was given to the
Crown to incorporate the new communities not enjoying
charters, becoming the law of the land, the populous towns
of Manchester, Birmingham, Devonport, and Bolton, im-
mediately petitioned the Privy Council for charters. Such
instruments of local government gave those ill-governed.
towns the benefit of popular Magistrates; Courts of
Quarter Sessions, with quick periodical trial of criminals;
an efficient police for the security of life and property ;
separate Coroners, and all the advantages of self-govern-
ment enjoyed even in Prussia and other continental
countries, to the great benefis of the people. The ac-
cession of power to the Liberal party in the above
boroughs, consequent on the grant of charters, and
the loss of income by the Tories who worked most
advantageously for themselves the old superseded
system, gave rise, as a matter of course, to the most viru-
lent Tory opposition. The charters were contested in the
court; of law, and every possible opposition was given to
their proper working. After three years of torturing
litigation, a majority of the Judges, as we recently
reported, decided in favour of the validity of the
Manchester charter. An appeal is now pending in the
House of Lords which may delay the final decision of the
question for a year or eighteen months. In the mean-
while, the administration of justice is grievously disturbed
by these vexaoious and interminable proceedings. The
grants of Quarter Sessions are also disputed, on the legal
point of their being avoided far want of local gaols. The
natural consequence has been, enormous expenses of
law, uncertainty of jurisdiction, collisions between
the two classes of the Magistracy, borough and
county, throwing all rates into arrear and abeyance,
while the contracts between the counties and
boroughs in respect of custody of criminals are the
subject of litigation in Westminster Hall, the Ministers of
Justice are unpaid, and a spirit of party most injurious to
the towns, has heen engendered, and is daily on the in-
crease. We had hoped that the recent decision of the
Judges would have terminated this deplorable and destruc-
tive state of matters; but the Times, in the name of the
" Conservatives," abets its continuance in a gross attack
cn the Attorney- General as " Jack Rapid," and the ob-
ject of his Criminal Justice Bill is crattily passed over.
The Bill does not confirm the Charters, but simply enables
the new boroughs to build gaols, or contract with the
county Magistrates for custody of prisoners in county gaols.
Since theaccond reading of theßill, the active opponents of
the Charter in Manchester, aware of the results which must
follow the recent decision, and following the example set by
the ex-town-clerks in 1835, who compromised the Municipal
Reform Act for compensations, have expressed their willing-
ness to settle the entire question by supporting the At-
torney-General's Bill, on the condition of the insertion
of clauses for compensati-in to themselves for alleged loss
of fees of office. Such additional clauses are noticed as
amendments," to he introduced by Mr. Wilson Patten,
for Manchester, and by Sir Charles Douglas and others
for Birmingham ; and for this purchase money it appears
that the few losers by the incorporation of Manchester and
Birmingham would acquiesce in the Attorney-General's
Bill, confirm the charters, and abandon all further litiga-
t on But the Tories of the Borough of Bolton step in
and refuse the accommodation, declaring that they will for
no price consent to the incorporation of Bolton. The Times,
on their authority, would have it believed that the sop of
compensations and payment of costs of all parties is the
purport of the Bill, and that this is an object aimed at
by the Liberals. Such is not the fact. The Bill, so far as
it has passed through Committee, contains not a word on
the subject ; and the Reformers in all the towns have rased, '
and will raise, sufficient funds by voluntav subscriptions
to fight their opponents. Moreover, we see by the Liberal
provincial press a determination to resist compensations.
The Manchester Guardian of Saturday contains a report
of a meeting of the Town Council of that borough, at
which a resolution was unanimously passed against the con-
ce; ston. The Birmingham Journal, recording the same
general feeling in Birmingham, says:_,: We are
not disposed to go quite so tar; we are not unwilling
to build a golden bridge fer a il)ing enemy ; but
we must first see his back." Such are the real
facts respecting the Bill of the Attorney-General,
and the representations of the Times are utterly unfounded.
We shall on a future occasion state the circumstances re-
lating to the charter of Bolton, which are equally misre-
presented. In the meanwhile, we will only observe that it
is a disgrace to the Legislatcre of the country that such a
state of local government as we have described should be
suffered to exist. We cannot, however, believe that Par-
liament will sanction the esils of its longer continuance.
The legal question of the charters is virtually settled in
favour of their validity. Are the " forty pieces of silver"
charged for the Municipal Reform Acr again to be de-
manded and exacted in the Lords? Will S:r Robert Peel,
who distinctly approved of the Municipal Bill of 1835, step
in and put an end to this scandalous contest ?
TIM E doubt the wisdom of the " hushing.up"
plan. We believe that those who, through fear of dis-
couraging friends and encouraging fees—of " revealing
the nakedness of the land "—and on like pleas suppress
the voice of genuine and honest dissatisfaction, arc the
worst hinderers of the cause they wish to promote. In
narrating the following anecdote we shall distinctly sepa-
rate ourselves from this class. A few days since, a gen-
tleman of notorious and uncompromising principle, resi-
dent in one of the great metropolitan districts, was applied
to, in due course, for his subscription to the Conservative
Association of which he was a member. His answer was
a firm and prompt denial—" I shall subscribe no longer."

The agent of the Association respectfully requested
to be permitaed to report his reasons for withdrawal.
" My reasons are, that you have done, and are doing, no
• good." An explanation was offered. The clearest proofs
were tendered of the efficiency of the Association. A eon.
tiaual progress had been made in diminishing the Radical
strength, and in augmenting the, Conservative forces ; and
it was clear, to all human modes of calculation, that the
very next election must entirely establish the Conservative
ascendancy in that locality. " I grant all this," was the
reply. " I admit that you have worked perseveringly and
well ; and that you have purged the register ; and that it
is very probable that the next opportunity will entirely
change the representation of this district. But, when
all this is done, I still ask what good you will have
done? You gain a Conservative majority in Parlia-
meat—ecu turn out the Ministry. That is, you get rid of
Ore set cf scoundrels, and have another set in their
room ?" We aver, that this conversation took place v.,ry
recently ; and that the malcontent was a highly respectable,
swot thy, and well principled man, resident in this metropolis.
Now, we are not going to defend his mode of reason-
I ing. To him, personalty, and to the very many persons
who may feel half-disposed 0 agree with him, we should
say—" Do not disfranchise yourselves, do not commit po-
litical suicide, merely because you do not approve. tLe
course taken by certain political leaders at a given mo-
ment of time. You have clear and strong opinions of
your own. Stand prepared to assert them. Claim and
maintain your own franchise. Who knoWs how soon the
opportunity may arrive, which may call forth all your
energies in maintenance of your own principles ? At
all events, what but ruin can arise from a wilful
and deliheiate cession of all political power ,to those
into whose hands the Government itself must fall,
should your example be agencrally followed ? " But,
while we thus entirely admit the irrational charac-
ter of this sort of despair, we would ask, on the other
hand, whether the Conservative leaders ought not to be
made aware of, and ought not seriously to lay to heart,
the appearance and growth of this sort of feeling. The
persons among whom it is spreading are firm and resolute
Conservatives; they have been warm and zealous Conser-
vatives also ; but disgust and despair are t eking place of
ardent expectation. Is it not desirable to understand
thoroughly to what this serious charge is owing ? The
causes are not at all inscrutable. Part of i?, the ground-
work of the whole, may be traced to ‘• hope long deferred."
More, much more, to the numberless reprieves, quite unin-
telligible to folks " out of doors," which the Conservative
leaders in Parliament have given, within the last
two or three years, to the rei,erables on the Treasury
benches. But the crowning fault, that which turns wonder
into wrath And dissatisfaction into disgust—is, un-
questionably, the tolerance, and more than tolerance,
shown by the Conservatives in Parliament to the new
Poor-law. W., are welt aware that this frank revelation
of that state of zbings which mere party politicians would
counsel us to 1... cp out of sight, will be eagerly snatched
at by the Downing-street journalists, who well knew thst
their masters have lived for these three years past, and are
now living, not upon their own strength, upon their own
merits, but upon the weaknesses, the "liberal concessions,"
and the avant of merits on the part of their opponents.
Let them pounce upon the admission, as they doubtless
will; and let them take with it the declaration which they
cannot gainsay, that the moment a Conservative party in
Parliament, whether consisting of the present or arty other,
shall heartily and sincerely throw itself upon the people,
making the faith and the spirit of Christianity its
rule, that instant the swarm of unclean things which now
prolesges to call itselr a Government vanishes away, like
hats and birds of night before the rising sun. The fact,
however, with which we began this article is a serious
one, and merits grave consideration. What must the state
of things Le, when the Conservatives turn in disgust from
their own leaders in one place, and when Conservatives
and Chartists are found in amicable compact in another ?
Let no man be so foolish as to call this “ a desertion cf
priineiphs." It is the contrary—it is the highest tribute to
principle. The man who breaks up all party ties, like
the indivialual we have just described, in the metropolis, or
the Chartists' who support Mr. Walter in Nottingham,
does so in the fervency of a zeal for principles, compared
with which such trifles as Whiggism and Toryism are mere
childish dreams. The tie which binds man to his brother
men, is older than the annals of England can re tch, and
will endure when the names of Peel and Russell sisal be
alike forgotten.

MONEY MARKET and CITY NE WS.

FROM run MORNING PAPERS OF THIS DAY.

TIM ES.—The prerninin on gold at Paris is 8 per
mine,' which, at the English Mint price of 31. 17s. 101.
per ounce for standard gold, gives an exchange of 25 35,
and the exchange at Paris on London at shcrt being 25
45, it fullows that gold is 0.40 per cent. dearer in London
twin in PwiF.

By advicas from Hamburgh the price of gold is 428 per
murk, which, at the English Mint pric,! of 31. 17s. 101 d.
per mince for standard gold, gives an exchange at 13. 61,
and the exchange at Hamburgh on London at shr rt being
13. 7-1-, it follows that gold is 0.34 per cent. dearer in Lon-
don than in Hamburgh.
The course of exchange at New York on London is
1061 per cent., and the par of exchange between Eng-
land .And America being 109 23-40 per cent., it follows
that the exchange is 2.83 per cent. against England.
But the quoted exchange at New York being for bilk at
60 days' sight, the interest must be deducted from the
above difference.
Business in the English Stocks to-day was very limited,
and in consequence of the disinclination to deal, the aspect
of the markcq, notwithstanding there was no niatelial
alteration in prices, is considered flatter.
There was a call for Brighton shares in the errly part of
the Og.y, and the discount upon them decreased to IA.; hut
towar.ls the close of business some few sellers appeared,
and the last quotation was 24. to 1y discount. Other de-
setiptiorrs were firm. The tate on Hamburgh was much
the same as last post.

CHRONICLE.—An abstract of the Bill for the
relief of the Banks, which has passed both houses
of the Pennsylvania Legislature, and which was
then before the Governor for his signature, is
is received by the Baltimore, which vessel touched at
Falmouth, iron., New York, bound to Havre. Consider-
able doubts rested upon the question, as to whether or not
he would sign it, and public opinion varied considerably.
Sec. 1. Provides, that the Banks of the Commonwealth
should be liable for the payment of their debts, as are pri-
vate persons.
2. Gives the Bank
power to issue small notes to the
amount of fifteen per cent. on their capital stock, for five
years.
3. Liabilities not to exceod double the amount of ca-
pital.
4. The stock owned by the Banks not to exceed (except
of this Commonwealth) 50 per. cent. of the amount of their
capital, respectively; provided that no investments already
made shall be compelled to be re 'Toted more rapidly than
12:k per cent. every ninety days.
5. No President, or other officer, to loan its funds.
6. No loan to be made to cashiers,
7. Abolishes proxy votin,T.
[The remainder are of mere detail, with the exception
of the last, which is]
17. Authorising the capital of the IL shed States Bank,
if the shareholders desire it, to be reduce 11 to fourteen mil-
lions, and the bank to be released from r ,art .of the bonus.
The author, whose work on the conn.merc,e of British
India we quoted yesterday, observes, th at since the East
India trade'was thrown open, in 1830, there has been a
surpiising increase in the importations from thence of
indigo, jute (coarse hemp), hides, raw silk, fl.ix seed,
wheat, flour, ginger. caster oil of the fire est quality, and
numerous other articles of European con: ;umptiota The
Bengal indigo has driven the Carolina article out of
the market. The hemp from British In& ► competes with
that from Russia and Manilla. The imps irt of hides to
Liverpool from India in 1835 was 367,00(1, and in 1839
443,000. In 1835 the importation to Liverpool from
India of wheat flour for the manufacturiq: of starch was
4,300, and in 1837 equal to 18,700 bags_ The Govern-
ment tables show a great increase also in the articles of
ginger, saltpetre, and pepper. Yet the present consump-
tion of British manufactures in the E sat Indies is esti-
mated at not more than 13 cents a year 1 'or each individual
in the whole population. Jamaica co asumee, says our
author, 20 dollars a head, Trinidad 30 al oilers, Cape Co-
lony 30 dollars, Australia 40 dollars. ,Give justice to
India in law and commerce, and at the me a lerate computa-
tion of five dollars a-head, she would tali e five hundred
million dollars of British manufactures am wally. When
it is considered that India has made such progress since
1830, notwithstanding the unjust system of • duties which
regulates the admission of British goods to I lindostan, and
the products of native industry to our pertt , we may cal-
culate on an immense increase under a fair ti riff. At pre-
sent British cotton manufactures pay only 3A per cent. for
admission to India, while the rude produce • Of that country
is taxed at the rate of 10 per cent, in this: country. The
exports of Indian muslins, silks, and cotta in goods have in
consequence greatly declined, while th sse of the raw
materials have rapidly increased.

SUN.--The public securities keep up a tell. Money con •
tinues very easy both in the Stock Etch stage and among
the general discount brokers, turd it is di Ficult to find any
safe and at the same time profitable emplc yment for it.
For immediate transfer Consols realise d! 90+ to 90i to-
day, and for the Account 90f to 90+. ' rhe premium on
the unfunded debt remained without alt e; ration, namely,
13s. to lbs., and of East India. Bonds deo quotation was
again par to 2a. prem. Bank. Stock was a shade better,
namely, 172 f to 173, and India Stock rose to 255+ and
256. The New Three-and-a-Half per Cell ts. reaked 99
to 99+, the Reduced Three-and-a- Half per Cents. 93 to A-,
and the Three per Cents. 89+ to if*
The Foreign Market was dull. The Nea' Portuguese
Five per Cents. went down from 3/4 tc. 34 :and 33,i, and
the Three per Cents. were heavy at 20+ Srmish Active
Stock was firm at 23+; Mexican reciedr d to 30 to 30a ;
Colombian were at 22+; Peruvian at ;
Brazilian at a
decline from 69+ to 681 ; Dutch T wo-ari.i-a- Half lac
Cents, were at 52k; Belgian at an improvement from
1024 to 103+, and Danish Bonds at 77; } to•
A good demand exists for the learll Ig Railway Shares.
Great Western were done at 30f, thr New at 1581, the
Fifths at 7i to 8; the Birmingham 11 rirds at 22, the New
at 22+; the Greenwich scrip at 2,, and the York and
North Midland at 33 to 35 premiu m.. Brighton were q.
Manchester and Birmingham 14k., al id South Eastern 14f
discount. London and Westmiristi tr Uank New Shares
were at 2, and Union of Austriiia at 91. premium. Na-
tional Bank of Ireland Shares re :air :ed 2 discount.
This afternoon the Foreign .".Exc' banger were not quite
so firm. 1;.11s at three mouths' da to were .negotiated as
follows 'aria 25 65 to
Amsterdac, 12 3A• ; Antwerp 12
67k ; Ha raburg-b 1:i 91 to 9f ;
34; F.rankfort 149 to
150 ; and 'CI-late 10 Itolo 2. The Exchanges
the norther a ports has come over very fi.. for the last
three or ft or post days. from
at
The exports of the precious metals fry )m the port of Lon-
don in the week ending Thursday last were:—
Silver Coin to Hamburgh
Ditto ditto Rotterdlan
Di-to ditto Swan River B,OOO
Ditto ditto Belgium
Ditto Bars Hambt,argh

r

..,.,;,~

TFIE SUN, LONDON,