The Sun.
London, England, 1823-06-12 00:00:00

3. 11Ir. Martin (of Galway}-11111 to alter and amend an Act I
passed in the last Session of Parliainent, " intituled " An
Act to prevent the cruel and iiiipkiper treatment of Cattle."
Thursday, Jane 19.
1. Mr. Lenard—Coormittee on the Middlesex County Court.
2. Mr. Hume—Select Committee on the Expences incurred at
the Coronation. Deferred from June 12.
3. Mr. Western—The manner in which Jurie are selected in
England ; and to allow Leaseholdeis and COpAoldeta to
be summoned.

PRICE 0]
TIIISI DAY AT

Bank Stock —
3 per Cent. Red.... 00 704 110,!i
3 per Cent. Cone. shut
3i per Cent: 924
4 per Cent. f OP (17.1
( New shut
5 per Cents. 1797
Bank Long Ann. .. ... —..
Intl). 3 per Cents.

F STOCKS
ONF. O'CLOCK.

India Stock -
India Bonds
South Set Stock
Old Annuities
Ex. Bills l9 21 pr.
Ditto Small 2l 4
Bank for Act.
India for Con. Acct.
Cons. for Acct. BOl 81i

PRICE OF FOREIGN STOCKS IN LONDON, JUNE 12,
AT ONE O'CLOtK.
Fife per Cents. 00.
{Six per Cents. 00.
Five per Cents. (Metallic) 00.
Ditto New 80.
Five per Cent. Bonds, 76.
1, Scrip, 00.
Five per Cents. (Metallic) 00.
..tFive per Cent. Bonds, 00.
isiew Ditto, 36,
Scrip, 00 disc.
Prnasinn I
Five per Cent. Bonds, 00.
Ditto. New, 80.
Danish Five per Cent. Bonds, 90.
Chili 66.
~Colorabiart L Shk per Cent. Bonds, 61.
Peruvian New Loan, 00.
Bank Shares £2l ss.
Six per Cent. 90-08.
Five per Cent. 95i-97.
,Three per Cent. 70.

French

Russian

Neapolitan

Austrian

Spanish

American

H 1(1H IVA TER al. LONDON BRIDGE. TOMORROW,
Morning, 17 minutes after h. I Evening, 39 minutes after L.

THE SUN.

SOLEM QUIS DICERE FALSUM .4UDE.IT ?

LONDON,
THURSDAY, JUNE 12, 189.3.

EXPRESS FROM PARIS.

At a late hour this forenoon we received
by express the Constittaionncl and the. Drapeau
Blanc Paris Papers of Tuesday. The following

are extrnctS:—

ORDER OF THE DAY OF THE DUKE CONE()
LIANO.
FOURTH CORPS OF THE ARMY.

,The 4th corps will perceive. with great plea-
sure the vigorous and brilliant defence which the
garriion of Vich has made. -Mina appeared be-
fore that town on the 2tith, with au intention to
take it. Although there was hut a weak garrison
of seven hundred men, the enemy were driven
off, and obliged to abandon all theirpositions. The
action' lasted seven hours. The Colonel Count
Salpervick, Commandant of Vich, merits great
praise for the noble defence he' made. The
enemy left dead on the field of battle three
Officers and GO soldiers. The inhabitants of
Vich joined our soldiers in the defence of the
town.

The Marsha DUFF, of CONEGLIANO.

[Prom the Drapeati Maur.]

They write from Toulouse of the 3d June,
that the grand park of artillery, composed of
near 400carringes, will set off in a few days for
Bayonne. They also expect 2000 horses for its

transportation.
- ThegtOracle of Bruxelles states, that in the
whole of the North of France, great movements
of troops are taking place, and troops of all de-
scriptions are marching to the east.
PERPIGNAN', JUNE 2.—There have arrived to.
day 308 officers of the Army of the Faith, coming
trom the depat- :of' They will depart to.
morrow for Gerona.
•

News from Barcelona informs us of the move.
ments of Gen. Milans, and of his junction with
Minn. It is also announced as certain that the
Straits of Gibraltar are covered with privateers
under the Spanish tiag, which board and capture
all vessels under tho French flag.
GERONA, JUNE 4.—Mina, abandoned by a
part of his troops, after the affair of Vich3 di-
rected his march on Sea Urge), which place he
watered. Milans, who retired-with his corps to
Barcelona, has left that town .to join Mina. It
Is said he is NVIO to act as Cluf d'Etta Najor,
and to succeed General Zorraquin.
Tha trappist continues at Logrono, where he
causes strict discipline to be observed.
FRENCII FUND3.—JUNE.IO.
French Rentes, after 'Change hours 87 f. a 5 c.
Spanish Bonds 404.

Private letters received this morning from
Paris pretend that the province of Gallicia has
sent in its submission to the Spanish Regency at
Madrid, and that Tortosa has capitulated to the
French, who, it is again said, will not listen to
any propositions from the Cortes, but are deter-
mined to obtain possession of the KING'S person.

Private letters from Madrid, dated the 29th
of May, state, that the Regency of Spaini ap-
pointed by the Duke d'ANGOULEME, was in-
stalled in its functions on the preceding day.—
It has decreed that the title of Most Serene
Highness should be given to it, and that each of
its Members should possess the title he had
before 1820.
On the 28th and 29th ult. several French re-
giments quitted Madrid, and proceeded with all

imaginable quickness toittirds Talavera la R eyna,
where it appears their presence was required, in
consequence of the skilful manoeuvres of General
ZAYAS.

h e Minister of War .has announced to the
Cortes that General BALLAStEROS entered. Va.
lencia on the 10th, after defeating the troops
which blockaded that city.

Three thousand Constitutional guerillas, in se-
veral bands, hang on the high road to Madrid,
between-Irun and; Vittoria.

GIBRALTAR, MAY 17.—By a vessel arrived
from Tarragona, we learn that a French Army
has entered Catalonia, and was in possession of
Vendrel. The Sierra di Rondu is said. to be in
arms against the Constitutional Government, and

that bands of factious are very Hear- this neigh.
bourhood. SAN MIGUEL, one of the late Mini.
sters, is here, stated to be on his way to the Con-
stitutional Army in Catalonia. lie came under
a feigned name.

CONSTANTINOPLE, MAY 10.--.—The whole of
the Turkish Flotilla, with numerous transports, have now left
this port for the Dardanelles ; the Captain Pacha quitted the
..34 instant. It is concluded that all the merchant ♦essels that
have lately left this place, bound downwards, will 'have been
detained at the Dardanelles until the fleet shall have sailed.

The Iris, Nichols, of and for Dunkirk, from Cette, wai
taken by a privateer, and carried into Algesiras about the lath
ult. A Swedish brig with a valuable cargo, from Marseilles,
was also carried into Algesiras about the same time by .a reve-
nue cutter.

The Therese Cherie, from Martinique, put into Tangier
about the 10th ult, and was run on shore under the batteries,
said to be for the purpose of protecting her against privateers.
The cargo was discharging, and it was supposed would be sold.

•
We hope that the Spite!fields Acts Repeal Bill
will still be lostin the House Of Lords. If the
Lords grant a Committee for the special purpose
of investigating the principle on which it is
proposed to abrogate the Acts, we have no doubt
that the fallacy of that supposed principle will be
ireefragably demonstrated. The theorists in
Political Economy, from Mr. RicAttno -down-
wards, are extremely superficial in their views;
and all their reasonings and propositions, with
scarcely a single eiception, if pursued, to the
end, result in entirely different conclusions from,
those which they have assumed. The following,
passages, both- taken from the,Chronicle of this
morning, will serve as a specimen of the incon-
sistency and confusion of ideas by which the
speculations of the modern Economists are dis-
tinguished. The Chronicle) in speaking of the
Repeal Bill, says,
" We have already given our opinion of this Bill, the prin
ciple of which no man can indeed oppose who i 3 not prepared
to say that the Magistrates ought again to have the power to
tix the wages of labour throughout the country,--s strange
doctrine in a commercial age. We confess we are, rather sur..
prised that so many Members should advocate an inquiry into
facts, which, if admitted even, are of no Importance with re.
ference to the Bill." • • • • "As all restrictions on in•
dustry are injurious, the removal of any must be a positive
good."

We do not see exactly that the protection of
industry is a restriction upon it, or that produc-
tive labour must necessarily be paralyzed, be-
cause a law exists for securing to a body of work-
men a reasonable and moderate remuneration. for
the exertion of their labour. On the contrary,
that very law which enables the Spitalfields
Weavers and their numerous families to consume
more food and other necessaries than they would
otherwise be able to obtain, is highly favourable
to industry, because it stimulates, in proportion
to their numbers, the industry •of the agricul-
turists, and of other classes of the community, and
enlarges the market for their productions.—
And the beneficial effect does not cease even
here ; because the additional consumption' of
food, &c. by the silk weavers, is the very means
of enabling the other classes of the people to
take off additional quantities of the silk manu-
facture ;—which again occasions a further in-
crease of consumption .on the part of the wea-
vers, &c. &c.---No subject 11 so little understood
as the influence` of high or low wages on the
national prosperity. In the present high state of.
our productive powers,—when the difficulty is not"
to create productions, or wealth, for the supply of
markets, but to find markets sufficiently extensive
for the consumption of every species of produc-
tion,—a very high rate of wages would he
highly benejical to all the notional interests,
—to the employers nqt less than to the
employed,—and to the land-owner, the capitalist,
and the revenue. The Chronkleitselfseems to have
had a glimpse of this most important truth; for
it says, In the very next column to that from
which we have taken the preceding extract
" High prices (of food) destroy the Manufacturers, and low
peices are equally injurious to the Agriculturists. To make
the interests of these two classes the Name, is the real and true
source of lasting and general prosperity ; and this can only. I+e
done by 14N MARINO LABOUR VALUABIAJ, by free-
ing it from unequal taxation, by repealing all duties which
limit consumption; by rooting out useless monopolies and un.
merited pensions, and by grantinr to the people a free trade
in its most extended signification.'
How is the Chronicle to reconcile its desire,
that labour should be rendered valuable, with its

repugnance to a rag:dated value for labour tf it
flatters itself with the idea that the abolition of,
duties, or the giving freedom to trade, will have
the effect of elevating the value of. labour, it is
most. .egregiously, deceived. Even Mr. itIcAADO.
says, in his work on P-olitical•Economy (we quote
fiOm memory), that " The price of labour has a
continual tendency to sink to that at which it is suf-
ficient to enable the labourers, one With another,.
merely to subsist, and to peipetuate their race
zcithout either increase or dirninatien !!"
,I,:tIC'ARDO makes this appAini assertion as a ge7
neralproposition, which of course must be the. most
certain in its operation under a system which re-
jects all taxes, duties, or pensions, and
.under which
trade hai unlimited freedom ! What_ hecOnts,
then, of 'the assumed principle on which a regu
jaled value for labour is so stoutly opposed It
cannot be meant that on any sound principle la.
bour should be left to sink to the psvest amoubt
'at which the labourers can possibly fie kept Inexist-
ence l It is admitted by the spurious school in
cal Economy, that labour has a continual tendency
• ,
to sink to that deplorably': low 011ie! Is It de.,
sirailie, that that wretchek'Aendency should be
coattfpracted.? And, if 410 We, itew, is the tend-
ency to be counteracted, but by that very means
which it .has' become the: fashion of speculative
theorists to decry,—that is, by LEGISLATIVE 'RE-
Gu LATioN,-,--by the p;otectiug solicitude of GOOD
oovEnritharsT!—Lord LIVERPOOL, we. are sure,.
from his enlightened views of economical science,
—from his sound and accurate perception of
the true causes of the rise or decline of national
prosperity,-,-and above all, from his humanity
and benevolence, will feel" disposed to stem the
torrent of delusive theory which is assailing all
the principles to which England. owes.her great-
ness. The silk weavers sliauld lose no time in
submitting the merits of their case to his Loki-
. .
ship's consideration. •