The Sun.
London, England, 1847-06-05 00:00:00

actual thing—an existent fact—a visible and repre.

sentable substance, but that it is, on the contrary, a
fiction—an ideal and suppositious medium—a phrase
used conventionally and symbolically.
From the root, therefore, from the very founda-
tions, the present system of the Currency, as modelled
and constructed by Sir ROBERT PEEL., is un-
sound and untenable. From the root, from
the very foundations, it must be remodelled
and reconstructed. In another column will be
found a communication from a provincial banker
pointing out the urgent necessity for some combined
effort to insure a gigantic alteration in the national
Currency, and especially directing attention to the
opportunity afforded for that effort by the approach-
ing general election. The suggestion is admirably
timed and is eminently entitled to consideration.
Meanwhile the electors throughout the kingdom
should weigh the matter seriously in the balance.
They should probe the wounds caused in our Credit
by the Bank Charter Bill of 1844, the causes of which
are conclusively set forth in a brief but emphatic
pamphlet by Mr. CHARLES ENDERBY. At the county
and borough hustings let not the late financial in-
volvements be forgotten.

The question of emigration was last night brought
before the House of Lords by Lord MONTEAGLE, who
moved for a Select Committee to consider the means
by which emigration might be made a benefit to the
social condition of Ireland. In the reasons adduced
by the Noble Secretary for the Cohmies for assenting
to the inquiry, in his ma,4erly and convincing reply,
we most cordially concur. He has acted on a prin-
ciple which has not hitherto been sufficiently recog-
nised. Heretofore it was too much the custom to
consider that entering into an investigation was an
admission of the accuracy and justice of the charges
or the principles asserted by the mover—that it
implied a general acquiescence in his views; Lord
GREY, however, adopted a more judicious course.
He consented to
.the appointment of the pro-
posed Committee, because he believed that
the result would be to disabuse men's minds
of a dangerous error, viz., that emigration could
be made useful to the greatest imaginable extent.
Many erroneous and unfounded opinions on the sub-
ject are, unhappily, too prevalent. Certain classes in
Ireland have been impressed with the most extrava-
gant ideas on the point. They have looked upon
a large and extensive system of emigration as the
only remedy for the ills of Ireland. They have de-
liberately stated that there can be no prosperity for
Ireland until one-fourth of her population are trans-
ferred to other shores—until two millions of people
are banished from their native land ; that, for the
supposed benefit of Irish landlords, their estates are
to be cleared, their country depopulated at an expense
to the national Exchequer, or, in other words, to the
English taxpayer, of some forty or fifty mil-
lion pounds sterling. Such was the scheme originally
brought forward and supported by many Members
of either Howe of Parliament, and other influential
gentler man i
lyaer
been
de neot:t
advocatergeconnected with Ireland. But when, at
length, the question is brought before the Senate,
o
h
uasincig. le
In
f
oitictnoecttu,hpealisefxttethe extent
Nohntitbasited ehLfaeodnr cdper ,
eh
vadoi opr
li
stated, it was utterly and entirely repudiated.
It will not be the leasttbat viatluab. le of the results of
the proposed inquiry
dis-
covered what is the point really aimed
length be
at by the sup-
porters and advocates of emigration, at
to what extent
they really desire to go. It will pin them down
some certain propositions, the fallacy of whichcatn
readily be exposed. Hitherto they have assumed
that the population of our sister island is too numer-
ous for its resources, that an adequate supply of food
ya,l ntella
n
nothing ee
atnhde cooautn,trnynnfoaregtuheentml
ocfax;intsainbeharbaiitsaendtsi,n
can be efficacious but the removal of the surplus