The Sun.
London, England, 1841-06-21 00:00:00

neat stations in the colonies and elsewhere. It is alto-
gether a sauce qui pent movement.
COURIER.—One of the evening Treasury organshas a
foolish story about the City election, to the following por-
tentous effect :—" A HINT FROM THE CITY.—The Tories,
who. before the appearance of Lord John Russell in the
field, boasted that they would be able to carry their four
candidates for the city of London, are now desirous to
effect a compromise. Their canvassers say that they
have no objection to so old a representative and locally
useful a Member as Alderman Wood, and that they find
the feeling runs so strong in favour of Lord John Rus-
sell that it is useless to oppose him ; but they canvass
the Liberal electors for their other two votes, begging
for at least a share in the representation. Another
damper to the hopes of the monopolists is found in
the fact, that although Alderman Pirie has allowed
his name to be used as a candidate, he has openly de-
clared that he will take no trouble about the matter,
not even so much as to solicit the vote of a single elector."
This slip-slop talk would not be worth notice, but for
the opportunity it affords of stating that the Conservative
canvass and certainty of carrying the election for the City
could not possibly be more triumphantly satisfactory. So
far from the fact is it that any desire for a " com-
promise " is manifested that, on the contrary, offers of
the sort, more or less direct, from the opposite party,
have been repeatedly and contemptuously rejected. Al-
though far from wishing to encourage, by noticing, an
-immoral practice, or moreover, from considering the
-fact as decisive in character, we may be excused for
mentioning that, although three days ago, the betting
was two to one in favour of Lord .Tolta Russell (alone)
being returned, yet, for the last day or two, as much as
_fifteen to one have been the current marketable quotations
that the whole four Conservative candidates would be
elected—and no mistake. Absolute Wisdom, we ob-
Jerve, is reported to have said it a meeting on Thursday
evening, that " they (the Conservatives) knew that they,
the Liberals, would be undoubtedly successful." Now
we do not like the idea of taking advantage of an after
dinner speech of this worthy Alderman, for, according
to the report stated, he " had just been dining with the
Skinner's Company," but, if he yet soberly holds to the
same assertion, we will wager him a pocket of hops
against all he will get under Jemmy Wood's will—nil
-perhaps by the bye, and therefore tremendous odds—
that he and his colleagues sit for London city the last
time, and that Lord John will be sent to Coventry, as
Devon before transpoz:Lal him to Stroud.

_MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF SATURDAY.
CHRONICLE.—We decline all notice or controversy under
;this head, of mere matters of election. If the monopolists,
:therefore, think they can derive any advantage from the degra-
elation of the City article of their leading journal into a mere
channel for electioneering purposes, they are welcome to it, and
410 enjoy the full benefit, for our part, unmolested. We
:shall continue to direct our attention to matters more legiti-
mately connected with the Money Market, and to that descrip-
ion of City news which may be supposed likely to carry some
portion of general interest, as bearing upon the finance, the
ttrade, and commerce of the nation. The field is wide and
Barge enough to afford us ample materials for remark, with-
out trespassing on the business of other fellow-labourers in the
vineyard. We have devoted some articles lately more parti-
cularly to the banking interests, for the purpose of endeavonr-
rev to convince them that they ought to make
common cause with the Executive and the people in
carrying a reform of the duties on imports, and a
revision generally of the tariff. We trust that we
have not been altogether unsuccessful in the ob-
ject of our wishes, although they may not have created a
complete ferment in the City," which one of our City Con-
temporaries modestly assumes to have been the immediate re-
sult of his lucubrations. on subjects, we must remark, which
as-ve no more affinity with the Money Market than fire has with
water. Whether our remarks have been successful in con-
vincing others of the truth of our opinions, time will show ;
but we have at least the satisfaction of knowing that they are
sincerely believed on our part; and that they are distinctly and
clearly within the proper sphere of our department. We have
wnfined ourselves to a consideration of the results which the
su (Tess of the Ministerial policy may have upon the Money
Market, and shall still adhere to that course of doctrine. In
doing so we have stated that we find a satisfactory reason for
the support which that policy has received from' the leading
apitalists and bankers of the City, in the fact that a moderate
ficxed duty on corn would relieve the Bank of England from
ib e recurrence of those drains upon its coffers which is 1839
re heed it to the verge of bankruptcy, and in the evi-
dent increase of banking business and profits which
wt .uld result from that change, and from the adoption of a more
lib oral commercial policy, so as to unchain the productive ener-
gi,es of the people. We must not, however, judge entirely of
them by such views of self-interest. We shall not think so
ba dlv of human nature as to believe that the leading men of
the City of London are barren of the milk of human kindness,
and that they have no bowels of compassion for the want and
nes. titution which assail the thousands of operatives now wan-
'tering in a state of starvation through the streets of our great
sires of population. Although the bankers of London may be
:onsidered as the officiating priests at the great temple of mam-
a non, we are not to conclude that they have no thoughts of the
sufferings of those beyond its precincts, whom hard fate and
'bad government have reduced to misery and despair. We be-
lieve, on the contrary, that ell of the great leading nameeethat
attended the meeting in the London Tavern were actuated by
higher views than the mere enlargement of their money bags.
They were actuated by the laudable and patriotic desire to feed
tlr e hungry and to clothe the naked, and to improve the moral
arid physical condition of their suffering fellow-countrymen.
TIM ES.—Some observations having been made in the City
or the large difference between the quotations for money and
th e account in the Consol Market when a money sale takes
place during the shutting of the books, it may be as well to
ree eat that these sales cannot be made but on a very special
application, which must be approved by the Governor of the
Bank. An impression has gone abroad that such transactions
render the shutting merely nominal, but this is altogether a
mistake, as it is only a few days ago that a broker was unable
to effect a sale, because he could not give a sufficient reason,
whereas in another operation he was able to obtain the de-
sired permission, because he pointed out the necessity of the
transfer. The effect of this limit to operations on the price of
Consols is, that the buyer, not being able to sell out imme-
diaeely, as when the books are opened, but being compelled
to keep his capital locked up till the opening, requires some
equivalent for this disadvantage. Hence he pays a price some-
what lower than under ordinary circumstances, and this occa-
sions the difference mentioned above.
The large number of persons of the humbler classes who
now find themselves a prey to money-lenders of the most op-
pressive and profligate character will not be gratified to per-
ceive the progress through the Legislature of a Bill to con-
tinue to January, 1844, the present law, by which certain
bills of Exchange and promissory notes are exempted from
the operation of the usury laws. The.present system is one of
the most grinding that can be imagined. A young man who
is anxious to commence business, and wants a small sum
(say 1001.) to commence with, has not the slightest chance of
obtaining money under twenty per cent., and indeed may con-
sider himself exceedingly fortunate if he has to pay no higher
rate. It is said, that the usurers or their attorneys, for it is
generally one of the legal profession who is seen by the unfor-
tunate borrower, are so conscious that their demands will not
bear even a momentary investigation, that they will not allow
an applicant to reduce the interest they demand to anything
like a rate ; but ask for a round sum to be deducted at
once from the money they advance, without any consideration
on the subject. A correspondent writes, that on applying for
a sum of 601., he was at once asked for 4/. for three months,
and that on beginning to reckon what rate per cent. that was,
he was rudely interrupted by a remark that business was never
done in that way, but that he might either agree to give that
sum or close the transaction at once ! This proceeding might,
at the first glance, seem to be of ne great importance, as of
course a sum of money remains the same, whether reduced to
the denomination of a per tentage or not ; but it is really
a good illustration of the principle on which the money-lenders
wcrk, namely, that of seizing immediately on the necessities
of the unfortunate, well aware that a habit of reflection might
in the end seriou4y injure their nefarious trade. It is to be re-
peated that money, being a standard of value, is in a different
predicament to articles of merchandize, and that a desire for
some restriction on traffic in the former is quite consistent with
the advocacy of free trade.

PROVIDENTIAL ESCAPE OF THE
LIVERPOOL AND HALIFAX STEAMER BRI-
TANNIA.
(From the Boston Mercantile Jinornal.)
The steam-ship Britannia. after having undergone repairs,
sailed for Halifax on the 2,th ult. From a letter which ap-
peared in another paper (the American Poet), it will be seen
that she was in imminent peril on the Nova Scotia coast on
her passage :
" For over three hours we were among breakers, encom-
passed by the elements of destruction. Yon are aware that the
Boston and Halifax steamers are accompanier' by two Sea-
Captains, who have been long traders in the port. Captains.
Cleland and Boole, while we were in this danger, had barely
cleared a reef, and the former was giving his orders to the
helmsman and engineers, when a passenger stepped forward
and countermanded those orders. Suffice it to say, however,
that his orders were not obeyed; for if they had been the ship
would have been lost at the outset. The fog was so thick that
we could not see a boat's length, and every five minutes
brought us near the edge of some reef. from which, however,
we escaped, until we struck on a reef, which is now thought to
be Morris's Point.
" At the time we struck we had scarcely any headway on
her, and were drifted broadside on by the surge of the waves.
The wheels being aback, we got off in a few seconds, when an
inward wave lifted her. One would have thought, after run-
ning so many risks and hair-breadth escapes, the captains would
have relinquished their daring object of getting into port in
ns
hnot
we se from ot
hme
itrh eh
itai
emke
hoefaod
su r t
wfi rsetusrt r ltet nwg. , t
shteo spa'
such a fog. But no ! again they must try it, and in ten mi-
na, they othnley
hheadlmtiohtnruusgt
htoerherrouhwelmd
s.hort mheerlintheeoyf could
from the paddle-box.
fathoms shouted Cleland
us,but the shore being perfectly perpendicular,
" As she came round, the rocks were less than ten feet from
quiveredw r, anda
touched nothin
whearreefrsounink 21t3tadt° thethatgA
wilendsherouulsd
nearer approach to, and a narrower escape
from, breakers, no
vessel ever had. A short time after this a harbour pilot found,
us, after two hours search. What would have become ofthe
noble
noble Britannia, bad he not come on board, it is impossible to
say. A dark night was coming on, and we were in a dan-
i,creus situation, and doubt if we could have found our way
to sea.
Where the Warne lies I sirall not say. The fault consists
in attempting.to run into ;opt in such a clangs=
, us time, and
in perillmx life and property to save a few hOurs. '

LEICESTER.CHURCH-RATE SALE AT THE TOWN-HALL.
(FROM A CORRESI"ONrIENT.)
31r. Carnal, auctioneer, on Friday last, offered the goods for
sale which had been seized for Church-rates, from several re-
spectable inhabitants of the borough, at the instigation of the
Churchwardens.
The auctioneer had very reluctantly consented to become
the salesman of his neighbour's goods and chattels, for the
support of a Church from which they dissented. About 20
lots were offered for sale, for which there were found no
buyers. One pair of shoes were bought out of more than a
dozen, by a gentleman, for twopence, which he presented
the Churchwarden's wife with. A round table was put up,
which was purchased by a Tory for two shillings, and who
bought a copper tea kettle also, amidst the most discordant
yells imaginable. Ten pounds of tea was then put up, but no
bidder was found, at which the auctioneer expressed his re-
gret, fearing as he did, that the expenses would not be cleared.
Mr. Manning then proposed three cheers for the anctioneer,
for his kindness in conducting the sale. Three dreadful
groans were then given for Mother Church, which lasted for
some time. The meeting then broke up, after much plea-
santry and satire had been indulged by the people.

The hay harce.At has partially
comilicnCed in Eh
county. One crop at Ferry
-hill has actual,ly.been led.
Should fine weather continue, it will be general in 4.
week or ten days.—Durhalit Chronicle.