The Sun.
London, England, 1841-08-24 00:00:00

less they can also induce the Sovereign to be the mere in-
strument of their will, and thus seal the triumph they have
achieved, by fraud and force, at the hustings. It is not
enough for them that the Queen is prepared to act toward
the Ministers who may be forced upon her by the Parlia-
ment, with the most perfect integrity as a Constitutional
Scvereign; these rapacious cormorants of power demand
that the prerogatives of the Sovereign, and even her per-
sonal predilections, shall be merged in those of the ex-
pectant Tory Ministry immediately it is formed; or she
must be prepared, as the alternative, to be aspersed and
insulted. A fresh ebullition of this low-minded and des-
picable malignity has reached us this morning.
The Tories of Cheltenham appear to have, in the
Cheltenham Looker-on, a journal which is neither re
strained by a sense of decorum nor influenced by appre-
hensions of forfeiting the countenance and support of
its fashionable patrons by any violations of courtesy or
even of decency when referring to the Queen. Hence
its considerable popularity with that party, who have in
it an organ after their own heart, The following ebul-
lition of indecency forms the commencement of its last
leading article. If, taken in connection with the nume-

rous attacks of a similar character and tendency with

which many of their Journals have been filled, it do no
convince the most incredulous of the kind of treatment

which our beloved Queen will receive from the Tories,

when delivered by the force of circumstances into their
hands, we know not what will effect their conviction :
" The denouement of the great political struggle being
now so close at hand, every day almost will present some
feature of interest. It will be as will, THEN, just by the
way of preparation, to make a note of the present aspect
of affairs—before the game really opens—in order the
better to understand its progress.
" First and foremost, then, the Queen does not open
Parliament in person, for the first time since her acces-
sion. Her Majesty does not intend to come to town at
all. Her Majesty means to make the future Prime Mi-
nister run backwards and forwards to Windsor, every
time it may be necessary to obtain her gracious approba-
tion to any of the measures of his Government. To
such an extent is this to be carried, that it is even a mat-
ter of doubt whether the Address of the House of Com-
mons will not have to go down to Windsor, by a deputa-
tion, though it may be expected that the present holders
of office will influence have enough to prevent such an
affront being offered to the chosen of her people.' The
leading Conservative papers choose to put their own
colour upon this, and say that her Majesty won't come
because she won't speak the Speech written by Minis-
ters. Others say her Majesty won't come because of her
interesting situation. Why, every matron in Engl Ind
must know this to be fudge; and as for the other, why in the
worli should there be any affectation about it? The
Queen is annoyed and mortified at the result of the elec-
tions, and chooses to manifest her opinion, and intends to
show all the coldness and repugnance possible towards
the Administration which will come into power."
It would be indecent in a public Journal to indulge in
speculations such as these with reference to the conduct
of any lady in similar circumstances, so far as the con-
duct of a subject would admit of comparison with that of
the Queen. But for such ribaldr) to be published of
the Sovereign, is insufferable; and would provoke in-
dignation, did not its ignorance and vulgarity prevent the
feelings of the reader from rising higher than contempt.
STANDARD.—Conjecture is active in anticipation of
the topics of the Royal Speech to be delivered to-morrow,
and of the line which the Conservative majority shall
pursue with respect to it. As to the Speech, the com-
position must be-a task of no small difficulty. The cir-
cumstances under which Parliament is called together at
this unusual season, and under circumstances so peculiar,
must be explained ; but no explanation can be offered
which shall not refer to the Budget of May, and to
the dissolution ; and any allusion to these topics, or,
indeed, a total neglect of them—which would be more
emphatical than the most distinct reference—would
challenge from the Conservative majority an amendment
reiterating the condemnation of the Budget propositions,
and repeating, with augmented force, the non-confidence
vote of the 4th of June. Such an amendment would be
triumphantly carried. How then can Ministers act? Will
they persevere in retaining office in defiance of a vote
of the House of Commons twice repeated, and now re-
inforced by a vote of the House of Lords ? Probably re-
ferring strongly to the violation of the Constitution al-
ready committed, this would be to afford broader and
firmer grounds for an impeachment than was ever offered
by a British Ministry. But can they resign? Lord John
Russell, in his address to the electors of London, has
pledged the Cabinet to retain office until it shall have
formally and distinctly presented its Budget to the new
Parliament. This plainly means to retain office
until each of the three propositions shall be pro-
posed and debated in succession—a month's work at the
very least. But then to retain office a month, or even
a day, after the adoption by the two Houses of such
an amendment as we may expect to see to-mor-
row, would be rather too serious an experiment upon
the patience of the country. Still we do not see how
Ministers are to get out of the difficulty. They
are in the condition of men who, having embarked
in a criminal course,- must persevere in it to
the end, as any pause would be a confession of their
crime. If they ought to resign when defeated,
as they will be, on the Address, they ought to have
resigned on the sth of June, on the 19th of May, or,
still earlier, upon the defeat of Lord Morpeth's Irish
Registration Bill ; and if they are bound to resign when
defeated upon th Address, Lord John Russell was
guilty of wilful and deliberate fraud, in promising for
them, that, as as Ministers, they would again bring for-
ward their Budget, because he must have been aware at
the time, indeed his letter confesses as much, that de-
feated on the Address they would be.

COLTIIIER.—The Manchester Conference of reveren-
dissimi, if not illustrissimi, signori is no more. From
the smoko preceding its entry into functions some fire
might havebeen suspected in the background, but nothing
of the sort ; the smoke has evaporated into thin air, like
the empty mist of morning, and track of flame is
there none. Mr. Thompson, the original projector,
ap-
propriately wound up his own scheme with a funeral dis-
course on the merits of the defect ; and Lord Ducie, a
Nobleman delighting in strange ways, and with man-
sion and grounds corresponding styled Strangeways,
close upon Manchester, assisted as one of the pall bearers
and chief mourners on the solemnly sad occasion. The
Rev. Thomas Spencer, of Hinton Charter-house, near
Bath, read the service for the dead or dying, a novel in-
terpolation, in which was the sober and serious announce-
ment,. that " he was sorry to say there was a gin-drink-
ing public opinion that wanted to throw out Lord John
Russell." This reverend person, by station, is a divine
of the Church of England; from this specimen of the
proprieties of speech he might, but for this advertence,
be mistaken for a high priest of Socialism.

MONEY MARKET anti CITY NEWS.
FROM THE MORNING PAPERS OF YESTERDAY.
TIMES.—To-day's accounts from Manchester mention
a better tendency in [the manufacturing market, conse-
quent upon the very improved state of the weather, and
the more staple appearance of the cotton market at Li-
verpool.
The news from China brought by the New York
papers is generally credited in the City, but, at present,
it does not in the slightest degree corroborate that lately
received by way of Marseilles and Paris. On the con-
trary, so far as it goes, it is at variance with it, as none
of the facts, some of which are of an official character,
and by no means unimportant, are at all adverted to,
though the date of the " news" through France was
stated to be much later. However, it is unnecessary to
pursue the subject further at present, as the arrival of
the next mail, which may be shortly looked for, will
set the whole matter at rest. The feeling of the trade
was strongly shown to-day, as, although Saturday is not
a day of much business in tea, the decline in value was
full 2d. per lb.
, CHRONICLE.—The quarterly returns of the weekly
liabilities and assets of the Bank of .England, just pub-
lished, when compared with the preceding returns, show
an increase in the circulation of 407,0001.; in the de-
posits an increase of 210,0001.; in the securities an in-
crease of 737,0001. and in the bullion a decrease of
64,0001.; the stuck on hand of the latter being 5,206,000/.
There is an increase in the " rest" of 56,0001.. The in-
crease in the circulation may lx attributed to the pay-
ment of the July dividends, which always create a tem-
porary " flush" in the Money Market. But the increase
in the securities shows that the Bank Directors had also
been increasing their discounts when they relaxed the
rule of confining their negotiations to bills not having
over sixty days to run. The impression, however, pro-
duced by a consideration of these returns is not particu-
larly
agreeable, for we see symptoms of the bad old
viz.. an increase of the circulation simultaneous
svi:emistltta, decrease in the bullion. It was owing to this
pernicious course of policy that the Directors found it
necessary for self-preservation to apply the " screw" with
such convulsive and disastrousil
force in 1839. We trust
they will avoids litting on the same rock in 1842.
HERALD.--ft is hardly •
worth while to revert to the
peevish assaults of the City Times, of which another for-
lorn hope is pushed forward to-day, about the Macao
, letter of April 27, the
sin after all of which is that
Herald had it, and the Times thehad it not, but it may
bewell to remark that, although the Canton news agre-
ceived in New York by the ship Akbar may not be con-
sidered as Perfectly authentic so far as it rests upon the
sole authority of Captain Dumaresq, the commander of
the vessel, yet, exclusive of the additional fact that pri-
vate letters of the 16th of April are referred to as having
been seen by the editor of the New Yorh Mercantile Price
Current, which in their tenor render the probabilities of
the Macao letter stronger, it should be remembered that
extracts from Canton papers are actually given to the
11th of April, showing the apprehensions of an unfa-
vourable turn in affairs, which it will hardly be sup-
posed were forged by the captain or, editor, or both
jointly, any more than Capt. Senlio use_s letter of the 7th
light
of April. which stands in the of an official docu-
ment. And what object—cui Bono—could these Ame-
ricans have to falsify news or forge newspaper extracts ?
avo bh
The statements impartially given, the both Tifura
and unfavourable side resulted in lowering the prices of
the Chinese produce brought by the Akbar, which it
should have been the policy of Capt. Dumares.q. at least
tc have endeavoured to raise. As to the ludicrotT, in-
crimination of the Tium about being " tale-bearers, for
such is the stigma cast for inserting certain news from
Galignani's Messenger received by extraordinary express
atconsiderable expense, it is only'neeessary to say that the
" tale-bearer" at second-hand, as the Times was on the
same occasion, must be by far the most culpable party
(if blame there was) for having sinned with its eyes.open
after 24 hours' reflection. Arc to the " tale-makers,' that
is an account :which must be left to be settled by the
Times with its own correspondent of the Semaphore at
Marseilles, with whom the tale originated, and by whom
invented, if invented it was.-
POST.—L fitters from Lancashire mention tliat a num-
ber of irregularities have occurred in that part of the
country and elsewhere in the north in the treatment of I
bills of exchange. Bills representing bona fide transac-
tions have,_ in innumerable instances, been refused pay-
ment by the acceptors, who have nevertheless maintained.
and do so still, a respectable standing in the conpercial