The Sun.
London, England, 1841-02-01 00:00:00

T!-W, SUN, LONDON. MOND AY, FFBRUARV L 19-11.

proceedings in the Chamber will be found II
another part of Tlie Sun.
The debates in both Reuses of Parliament 01
the Addrcss iri anL:;wer to her MAJEsTY's Speeci
from the Throne, have put the Ministeria
journals iii better humour with the Governmen

of this country than even we anticipated.
The journal ores Delmt. of Friday and
Satnr-
day devotes seven of its eolumn3 to the speeches
delivered in the Houses of Lords and Commons,
in addition to which it has the followingiremarks
upon the subject, !which are worthy of notice, as
indieatirt2. on the part of the Court a disposition
to cultivate more friendly relations with tins
country :

We publish at length the debates of the English Par-
liament, in order that the country may judge bow little
truth there is in the daily declaration of fallen parties.
When we see every day repeated that France is degraded
from the rank which she occupied in the world, we expe-
rience a feeling of jealousy and sadness at seeing her sta-
tion and her influence vindicated by those very adversaries
who combated them, and whose glory has come of our
mistakes. Why should the blows which strike us always
be dealt by oursslves ? For while the French press and
Parliament declare that France is humbled and degraded,
the English press and Parliament represent us strong,
great, and ret ported as ever. Thus the foreigner is more
French than ourselves, and provides us with the modesty,
the dignity, and the patriotism which we have not shown
ourselves. What particularly, attracts our attention is
the unanimity with which men of all parties, without any
exception—Tories, Whigs, and Radicals—express their re-
spect for France, their sympathies for its people, their
regret to see it separated from England and Europe, and
their desire to see it re-enter on honourable terms into
the European confederation. The
.specch of Lord Pal.
merston had peculiar interest; We will not, yielding to
the kind of intimidation which surrounds his name, re.
sieve with mistrust the sentiments which he expressed
in accents of sincerity ; nor shall we humble the pride
of France, in showing. too much gratitude for his cordial
words. In times past they might have found an echo
here. But to-day, how much passion and awakened
enmity will they have to pierce through, how much
hatred will they have to overcome 1 The wound still
bleeds, and requires time and efforts to heal it. The Eng-
lish Government expresses the firm hope of seeing France
rejoin the Councils of Europe. All honourable men here
have the same desire. What country would embrace a
policy of universal enmity ?• And after, and in despite of
all, can we forget that the English nation is the only one
which cad repeat in concert with France the word of
liberty, which still frightens the rest of the Continent—
the only nation which in the day of universal incertitude
stretched out the hand to us without askiag where we came
from, or whither were we going ; the only nation in fine
to whose friendship our past revolutions are no bar?
There is very little general news of any inter-
est in the Journals of Priday and Saturday, from
which, however we subjoin a few extracts:—
The Oreste brig arrived at Brest on the 26th of
January from Monte Video.
The Droit had stated that in the domiciliary visit made
in the residence of M. Auguste Johannet, editor of La
Trance, the latter owned that the letters had been in his
hand, but that they were no longer in his possession. M.
Johannet has written to that paper, declaring that he said
no such thing. The Commissary asked M. Johannet if
he believed that these letters existed, and that they were
not forgeries. Johannet replied that the policy of the
journal in which he was employed would not allow 11:m to
doubt their authority, about which nobody had to answer
but himself till the day of trial. The Commissary continued
his search, which led to no result.—The Constitutionnel.

On Friday evening the Ministers came to the Tuileries.
There was a great movement, in consequence of the im-
pression made bj the debates in the Chamber.
At Loon. Lad Granville arrived at the office of Foreign
Affairs. Though M. Guizot was not there his Excellency
went i.i with a voluminous correspondence in his hand, and
stopp. d there half an hour. M. Guizot was at that time
at the Department of the Interior, in close correspondence
with Duchatel. At one o'clock they both proceeded
in thr carriage of M. Guizot to the Palais Bourbon, where
sever. l Ministers of the Commission of Fortifications had
Leen assembled since twelve o'clock.—Le Commerce,
BIirFSELS, JAN. 30.—The Senate will be convoked for
the 13th of February, or sooner, in order to be able to
vote in time the budget of the expenditure, in which pro-
vinci.l votes of credit have been voted for the first two
months of this year.
_

A letter from the frontiers of Italy of the 17th of January
to the Coloyne Gazette says, Letters from Rome state
that two eminent persons belonging to the Russian Lega-
tion, one a Protestant and the other of the Greek religion,
have embraced the Catholic faith. This news, which
needs confirmation, has caused a great sensation at Rome.
The recal of those two persons to Russia is considered as
inevitable."

A letter from Charleroy of the 26th announces that a
powder mill had blown up that morning ; two persons were
killed, and seven seriously injured ; the neighbouring build-
ings bad not sustained any damage. The cause of the ac-
cident is not ascertained.
BO URSE.—Partis, SATURDAY, JAN. 30.

f irst Highest Lowest Last
Price Price. Prick. Price
French 5 per Cents il2 50 ... 112 70 ... 112 50 ... 112 70
4% per Cents lO2 30 11,2 30 ... lir2 le2
4 per Cents
3 per Cents 77 10.. 77 15 ... 77 10 77 15
Bank of

~lgian /Sank
5 per Cl.lll, 98% ...• 9314 ... 98% ... 98U
3 per Cents (S 50 ... 68 50 ... qti tO ... 68 50
Dutch 11,4;, per Cents 5114 ... 51.,.A ... 511 b ... 51;‘,
S!:,,n.sh ACLIVC ..
Passive 6% ~. 6% ... 6% ... 6,!.4
Neapulit4n
Rotnar 100T,3 ... 100% ... 1(.0% ... 10(.1%

I?AILWAY SIiARES,
St. I;errn.in
Versailles,lt.B 440 ... 442 50 ... 44.1 44.1 ta.)
............ 223 75 ... 325 ::23 75 ... 325
Orleans .. 485 485 ... 485 ... 485

StriFuorg to Bate
Rouen

By the packet-ship Cambridge, wind-bound
off Cork, at which harbour one of the passen-
gers landed, and proceeded immediately to Li-
verpool, we have received New York papers of
the 9th of January. We extract from the New
York Herald of that date a somewhat dismal
account of the state of the Money Market,
which we would fain believe is rather exagge-
rated. If' the United States Bank be in the
dangerous position represented, it is fortunate
that the danger is discovered while Congress is
in Session, when sonic remedy more effective
than General JACKSON and Mr. .VA BunEx's
cash currency system may be adopted. If the
immediate resumption ofspecie payments threaten

to compel the Li-Led Stales Bank to stop pay-
ment altogether, the Legislature must see the
necessity of affording that institution such lair
protection as will enable it to keep faith with all

- - -
its creditors. The falling off in the Lank busi-
ness dwelt upon by the Herald is accounted for
by the uncertain state of the law, and the con-
stant intermeddling of Congress with affairs
which were best left to tl►e control of merchants,
bankers, and Men of business
From the New Yurh Herald, Join. 8.)
PANIC IN THE MONEY MARKET.

The panic caused by the United States Bank returns is
so intense as to have a great influence upon the question
of resu►r.ption. The anxious inquiry now is, will the bank
in its weak condition stand the storm ? and if not, will the
other banks be able to stand without her ? All confidence
in the institution is gone ; and the same alarm which bad
seized the stockholders will extend to the billholders and
depositors the instant the bank opens i:s doors for the pa!-
mcnt of specie. It has raised a whirlwind, which even a
strong institution would find a difficulty in braving.
The United States Bank has not the mesas of standing
for an hour before the slightest disposition to discredit it.
According to its returns, its immediate assets and liabilities
are as follow :

Specie at New York and Philadelphia 51,725,087
Bank-notes, ditto ditto 707,441
Foreign Bills and Balances

$3,568,481

Circulation
Dorosita iu New York and Philadelphia 1,869,022

$11,205,022
Beyond this there is not the slightest means eoailable by
the bank, except at the greatest sacrifice, and the mass of
its securities are such that they are dailt becoming worse.
During the past year, the bank seems to have tried to
raise its credit. It is now worse off by several millions of
dollars than it was this time last year, and that of actual
cash. The report of the Dividend Committee states, that
the actual monc) paid out during the last six months,
for expenses, interest, and foreign loans, &c. was
$400,000 snore than the gross profits. The same expenses
are not only going on, but increasing- the interest on
loans, &c. Protested paper is constantly accumulating,
law expenses and agency disbursements are growing
heavier, while the business of the bank is falling off at
the rate of 7,000,000 per annum. The loans decreased
this amount from January, 1840, to the date of the latest
statement.

The excess of the expenses over the profits for the next
six months must be over $500,000. The stock last Ja-
nuary sold at 60, and is now at 50.

lf the bank last year had, as we advised, boldly resumed
its payments, its credit would have revived, and resump-
tion would easily have been sustained, the effect of which
would have been a revival of business, that would have
carried up the value of her securities, and placed her in a
comparatively safe position. The private interest of the
speculators that misdirect her would, however, then have
suffered. The bank has gone on from worse to worse,
until she is driven to a resumption amidst a panic, raised
entirely by the publication of her true position.
United States declined t per cent.
North American Trust and Banking declined per cent.
Delawares and Hudsons receded 4 per cent.
Vicksburg improved per cent.
Bills on the South were worse.
Sales on Philadelphia, 1 per cent. discount.
Baltimore, to 1 discount.

Mobile, sfio 6. discount.
The proceedings of Congress were exciting
little interest. Tranquillity prevailed in Canada,
and no outrages disgraced the frontier :
On the Cambridge passing S.ndy Hook she saw the
Liverpool And New York packet• ski Garrick on shore,
deserted, and the Captain of the Cambridge supposes that
she must become a total wreck.

the passengers and crew had crowded on the
quartcr-deek, and the sea was making complet2
breqzlits over her. Captain Pederson was of
opinion that all the passengers and crew might possibly
have been landed, otherwise they must have suffered se-
verely during the night. The latest reports state that a
schooner passed the Garrick sufficiently near to discover
her name. The vessel. was a total wreck, and not a
single individual was seen on board, but the sci:corvr could
not pcsi,ibly render any assistance. We hear that only
twelve passengers were on board.

The Levant mail has arrived, bringing advices
from Constantinople of the 7th, Alexandria of
the same date, Athens of the 'loth, and Malta of
the lOth ult. The news from these several places
will be found in another part of the Sun. The
most tlicts stated in them are that Admiral
EVALKER, Commodore NAPIER, Captain PA N-
s;l- wE, and a Turkish officer of high rank,
were hourly expected to arrive at Alexandria
to claim the surrender of the fleet, and to
announce to Mr.itr.mor ALT his pardon and
restoration to the hereditary government
of Egypt—that the plague had broken out at
Alexandria and Acre—and that IBRA HIM PACHA
was still at Damascus, awaiting the issue of the
negotiations between MEHEMET Ala and the
SULTAN, and watched by a Turkish and Syrian
three of 15,000 men, ready to enter the city on its
being evacuated by the Egyptians. The reports
alluded to in the letters from Smyrna and Alex-
andria, of a great victory obtained by IBRAHIM
over the Syrians, is unfounded.

An article recently appeared in the Hampshire
Telegraph, reflecting on the System of Instruc-
tion pursued on board her Majesty's ship Excel-
lent, specifying in particular that the measure-
ment of distance is neglected, and expressing
a trust that after the late " exhibition at Acre,"
the officers in future will be instructed in this
rspect.

We have thought it our duty to inquire into a
qu.sEion bearing so directly on a point involving
the efficiency of our navy.. We are informed
from authority on which we implicitly rely, that
the fullest and most clear instructions, both theo-
retical and practical, arc given in this branch on
board the Excellent, and at the Fire-barns on
SOU thsca Common.

Oa reference to the book of questions on naval
gunnery, emanating from the Excellent, and
issued for the instruction of the junior officers c,f
the navy, we observe that the rules tbr firing
are based on the knowledge of the distance, and
that the simplest and most useful methods of as-
certaining it are given there, to which are added
tables for facilitating the process.
It so happens that the following words, ex-
tracted from this work, rebut directly- this sin-
gular charge :

" But it is indispensable that the distance should, in all
cases, be correctly ascertained, and a simple and practical
way bas been shown of obtaining it."
A comparison has been drawn between the
Con-inlander of the Stromboli, and Lieutenant,
now Commander, GRENFELL, for the purpose of
proving that proper instruction is not given in the
Excellent; the inconsistency of the writer will
be obvious when the simple fact is stated that
both these officers were educated in the Excellent.

THE MARKETS-(TMS DAY).
CORN EXCHANGE.

Last week's arrivals were moderate of English Grain, gocd
of Flour, and considerable of Oats from Ireltnd. There was a
small fresh supply of every article. Wheat comes in better
condition, and the best parcels were taken off at Is. to 2s. per
quarter advance on last Monday's prices. Barley dull, at no
alteration in value. Beans and Pease as last reported. In the
Oat trade the supply exceeded the demand, and sales were
heavily made at last quotations. No improvement in the Flour
trade.

PRICES ON BC
Wheat,Red (old) —s.
White (old) --s. --s•
- ..11es1164.1) 525.54;.
Fine 555. 575.
-- Superfine 5,98. 64
--- White (l1:141) 545. 51s.
---- rine f Os. Os.
-- Superfine 655. (is .
—Foreign free 545.:0;.
Ityu 38s. 4W.
Barley 26s. 375.
Grinding 'ids c.Ss.
Malting a's 35,.
510 t s6s. (ids,
-- mine New 6:25. 635.
Pease, Grey, New 361. ads.
Maple New 405. 425.
White 345. 365.
Boilers 37s. 3Ss.
ARRIVALS OF GRAIN IN L(
Wheat. t.
I 3,743 qrs. ll

IARD OF SPIT.

Beano, Smali ,liew) 43i. 4:.5.
- (old) ...... _4s' 4.5 m.
Tick (new) 37. 34..
• (old) 42 445.
--- Harrow (new) 403.418
(old) ..... .. 448. 4fr.
Brant- »••-3.-8.
Oats, Feed
------- New 203.235.
--- Poland
--------- New `)5;.28'.
-- Potatoe fi —:l.

_ ..
.......-___ I..Tvw 06, 30s.
• - Scotch 'a., :Ps.
- Irish J. ... 215.245.
Flour Town (per sack).... 50s. 555.
--.. Seconds 465.485.
..........- North Country 45. 46..
Bran lts 12.
INDON DURING LAST WEEF.
;arleir. I oats. Flow
,37.8 qrs. 6,349 qrs. 8,7c8 satas
I:F6 27',615
- 529 brls.

English
Irish
Fureign

br 84 I
SMITHFIELD.

The trade for Beef, Mutton, and Veal, was good. The
denund for Pork was moderate. Beasts, 2,476; Sheep, 17,260;
Pi;s, 316 ; Calves, 52 ; Beef, 3s. 6d. to ss. ; Mutton, 4s. to
ss. 2d. ; Veal, 4s. Bd. to 6s. 2d. ; Pork, 4s. to ss. 2d.

REPRESENTATIVE GOVERN-
MENT.
SIR VALENTINE I3LAN.E'S FIFTH LETTER

TO THE EDITOR OF THE suiv.

Sre,—lt is quite plain teat all Reformers will labeur
in vain u;:less liiey unite to obtain some single specified
measure upon which all will a.ercc, and that the ques-
tion is (as has been able stated in a letter from "
Member of the League;' which you have published in
The Sun of the 16th inst.) " What shall be the first
grand measure on which to unite'" I will venture to
answer that question, and state a particular measure in
which all the liefbriners of the United Empire will, I
hope and believe, at once agree, because the adoption
of it will in substance comprehend, or at least be an
approach to, and will render it practicable in the end (if
necessary) to obtain, that particular species of further
Reform which may be most desirable in each portion
and separate department of the United Empire.
I am sanguine, perhaps too much so, but my opinions
are the result of much 'experience ; but, nevertheless, I
will agree to have my name written down as that of a
thickskull and stupid fellow, if the consummation of
my remedy will not be hailed as a panacea by the Re-
formers of Leeds, and,Manchester, and Edinburgh, and
Glasgow, and Ulster: and last, though not least, that
my proposed reformation will be admitted by Mr.
O'Connell himself to be much preferable, more compre-
hensive, and vastly more desirable for Ireland, in every
point of view, than the repeal of the Union.
I do not arrogate to myself the originality of my
present scheme—to you the credit of the suggestion
justly belongs ; but you merely touched slightly upon it ;
nor did you consider it with reference to each and to
all parts of the United Kingdom, but to one portion of
it only. It is, after a due consideration of its benefi-
cial and more extended operation, that I now venture
' to recall your attention to the subject, in the hope that,
as a child of your own adoption, you will not abandon
and disavow it in its enlarged proportions, and that you
will sustain and cherish it to a triumphant maturity.
You will please to recollect, that although the Bri-
tish Constitution was, in the good old times (when no
registration was required), it cannot now be truly de-
scribed as a genuine Representative Government—all
freeholders under 10/., and all of that amount and up-
wards, who arc impeded at the registry by objections of
firm, or who abstain from being registered, arc in
point of law non-electors. This modern Constitu-
tion has created a fictitious representation, as all
the non-electors are not .really but only virtually re-
presented ; therefore the governing principle of the
British Constitution, as now acted upon, is not genuine
representation—it is composed of delegation, rx,ixed
with representation, but not mixed in the proper pro-
portions. My scheme of Parliamentary reform consists
of an es tension of the principle of delegation, founded
upon a more extended and equitable representative
pedestal, and thus to make the column perfect.
Here I am free to admit that my intended sugges-
tion is not worth one moment's consideration, if it be
not practicable (provided always that an unbrol,en-rif,rm
phalanx will urge it forward)—if it will not at onee, in
the opinion of all parties, add decisively to the number
of Liberal Members in the Imperial Parliament—if it
will not operate as a speedy cure for the manifold evils
of absenteeism, not in Ireland only, but also in Scotland ;
and yet my proposition only amounts to a law of regu-
lation, and not, as in other cases, to a repeal of any
fundamental law.

These preliminary observations are, I fear, tiresome,
but, in my humble opinion, they are a necessary key to
the design which I intend availing myself of by your kind-
ness, respectfully to submit for your acceptance in a
seperatc letter. I have the honour to be, Sir,
Your obliged and obedient Servant,
VALENTINE BLAKE.

LLOYD'S SHIPPIN G-(THIS DAY.)

LONDON, FEL. 1.-It blew a fresh gale last night, and part.
of this mooning, from the northward and eastward, with heavy
squalls.—Wind this day at noon, light breezes at
with a sharp frost.
HANSGATE, JAN. 30 —The Industry, Bucks, from Har-
wich to Portsmouth, struck on the Brake Sand this evening.
The crew shortly after left, and the vessel is supposed to have
sunk. A light schooner with lower masts and bowsprit stand-
ing, passed off the north Foreland in tow of a steam-tug this
morning for the River.

DEAL, JA N. 30 . Wind W. S. W. , moderate. —3l. Wind
S. S.E., strong breezes.—Sailed the Elizabeth, Hamlyn, for
Madras; Eliza Kincaid, Brown, Havannah. The sloop In-
dustry, of Weymouth, is sunk off Sandown Castle, after strik-
ing on the Break Sand ; crew saved.
LIVERPOOL. JAN. 30.—Wind variable---31. Wind N.N.E.
—Arrived the Priscilla, Taylor, from Pernambuco; Oregan,
Glidden; oromando, Pearse, Nev, Orleans; Jarrow,Walker,
Demerara. Sailed the Lady Rowena, Clayton. for Calcutta;
Chili, Ph flips, Bombay ; Maxim, Monte Video ; Hudson,,
Page; Einiry,Pearse ; Hope, Collins, New Orleans; Belvi-
dere, M'Korin ; Adam Lodge, James, Charleston ; Edward,
Drummond, Sydney ; Lenard, Le Grand ; Panope, Monte
Video ; Countess Durham, Stowe ; Abbotsford, M'Lcan, De-
merara.

REPORTED LOSS OF THE PACKET-SHIP
" GARRICK."

This vessel which is said to have sailed from Liverpool for
New York, on the 13th of December last, it is feared is
lost, as by a letter received at Lloyd's this morning from
their agent at Liverpool, it appears that " she was driven on
shore on the 6th of January, about twenty-five miles to the
southward of Sandy Hook. She was seen on the morning of
the 7th with all her people on the poop, the sea making a
complete break over her. She was again seen without any
person cm board. It is supposed the crew and passengers
had landed on the coast in the interim. It was feared
the vessel would become a wreck." It is highly im-
probable, however, that this vessel could be the Garrick, be-
cause if the Garrick sailed on the 131 h of last Dec. she must
have made the passage out. to New York in twenty-four days,
a thing almost impossible for a sailing vessel to do at that time
of the year. Five weeks would have been a good passage, and
six is often reckoned upon by captains of the New York vessels.
Argestes, Hannah Jamaica; Rival, Sutherland, Nassau ;
Clifford, Shields, Africa. Off port the Cambridge, Bursley,
New York. Sailed, dth inst. Two Mexican and one foreign
vessel were wrecked at San Blas during a gale Nov. 1.