The Sun.
London, England, 1841-07-23 00:00:00

garrulity as that whi h the Standard censures as
impertinent and inconvenient, and the lesser luminary of
the party exposes as destitute of truth, must be re-
pressed, or " great annoyance and worse inconvenience"
will, as the Standard justly remarks, be inevitably in-
troduced ; and may, possibly, cause the whole concern to
go to pieces.
COURIER.—Irish sedition will no longer gain
strength and confidence from the coquetry of the Go-
vernment ; the.revolutionary movement, whose avowed
object is the separation of Ireland from Great Britain;
will no longer be treated with sympathy, or the encou-
ragement of passive quiescence by those whose first and
highest duty it was to repress it by all the means and
appliances placed at their disposal by the Constitution.
Agitation—baneful, blighting agitation—has received
its death-blow in Ireland ; and we suppose it was on the
homely principle of making hay while the sun shone
that the energy of the agitators has been so virulently
but fruitlessly exerted on the occasion of the resent elec-
tion contests. Had the Melbourne Cabinet been permitted
to prolong its sway for another year or two—bad its system
of conniving at the manifestation of insurrectionary sen-
timents, however glaring or criminal, been continued, it
would be impossible to foresee the calanlitous results.
The spouters of sedition become bold and daring by im-
punity ; they inoculate the general bulk of the population
with their dangerous and disloyal principles ; the smoul-
dering flame is kept alive and spreads, until by the appli-
cation of some stray or accidental spark the nation be
amazed and paralysed by the sudden explosion. All
these things were ix a state of actual progress in the
sister country, but it has been arrested, and will be finally
repressed by the establishment of a Conservative Go-
vernment. Surely, apart froin--all considerations as re-
gards the other portions of the empire, there is in what
we have here unfolded 'as the inevitable-effect of the dis-
placement of the Whigs, enough to gladden the heart of
every right-thinking man in the United Kingdom.
STANDARD.—The Ministerial manifesto has at
length appeared: It comes before the public in the form
of a long address from Lord John Russell to the electors
of London, whom he temporarily represents, as, by an
evanescent majority of nine, the fourth on the poll. The
single fact to be deduced from this long address is an im-
portant one—it is the fact, that the Ministers intend to
meet the new Parliament, and to retain office after the
assembling of the Legislature until formally dismissed.
We need not to repeat what we have already said of
the violence offered to the Constitution by ,this
line of conduct. The Ministers have been already
dismissed, as far as a vote of the House of
Commons can dismiss an Administration ; they
know, and Lord John Russell's address confesses the
knowledge, that the now Parliament will confirm, not
rescind, the sentence passed upon them ; and yet they
persevere in that course, so solemnly condemned, in at-
tendance upon another sentence of condemnation. We
cannot conceive the ground Upon which conduct like this
is to be defended. Will it.be said that by the act of dis-
solution the Executive can at any time annul the votes
of an uncomplying House of Commons ? If such a
proposition be maintained, then Parliamentary Go-
vernment is at an end ; but if such a proposition can-
not be maintained, the Administration is a condemned
Administration, .presuming to carry on the Govern-
ment in defiance`'of Parliament, and with the brand
of cOndemnation upon its front. Are we wrong in say-
ing that such conduct is more than a sufficient ground for
an impeachment ? There remain at this day just four
weeks until the returSte writs ; for these four weeks,
at the least, in adaiti seven weeks already passed,
the country is to
.be governed by a Ministry repudiated
by the House of Commons, and this without any cer-
tainty that even on the 19th of August the Legislature
shall be permitted to assemble. :Here then are, by the
lowest calculation, nearly three months of a Government
conducted in defiance of a vote of Parliament—all
the foreign, colonial, and domestic policy of the empire
directed, all its patronage dispensed, by men in whom
Parliament has declardthat it has no confidence—whom
Parliament has declared unfit to retain office. But if
the country submit to such an insulting usurpation for
three months or more, why not for three years or more ?
The precedent will be available for any length of time,
and we do not see how the force of such a fatal precedent
can be neutralised except by an impeachment.

MONEY MARKET and CITY NE WS.

FROM THE MORNING PAPERS OF YESTERDAY.
CHRONICLE.—A further depression took place in the
English funds at one period to-day, Consols for the Account
having declined to 891 to %. The cause of this flatness in
Consols may be attributed to various circumstances, but we be-
lieve the whole and sole cause merges into the present un-
settled state of the weather, and the immediate consequences
arising from it. We had occasion last week to notice a decline
in the Continental Exchanges, which was followed yesterday
by a more marked depression, particularly en Hamburgh ; 'and
from this circumstance occurring at a period when a somewhat
considerable quantity of foreign corn is finding its way to this
country, with a disposition on the part of speculators to send
out further orders, we need not be surprised that the Bank
Directors should deem it necessary to look to their own posi-
tion, and apply the screw in time, should it unfortu-
nately happen that an importation of grain should be
required to any extent, although we trust that there is
no occasion at present to look with a gloomy view towards the
forthcoming crops; still it behoves those connected with the
mercantile world not to launch out too deeply into under-
takings where any contraction of the currency may lead to a
disastrous issue. We luve felt the more inclined to touch
upon this subject to-day, from the circumstance that we have
good reason-to believe that the Bank Directors have already
seen the necessity of contracting the present already extraor-
dinary low circulation. The method said to be adopted in the
present instance is effected through the medium of the Bank
broker, who, it is said, yesterday was a giver of per cent.
continuation on 150,000 Consols for the Account, the real
operation being that of selling 150,000 stock for Bank notes,
and repurcLasing a similar amount at an advance of per cent.
for the 26th of August. So that the effect of this operation is
obviously to take out of circulation that amount of notes, and
thus indirectly become themselves borrowers of money ; which
plan, if carried out to any extent, cannot fail to give it an in-
creased value, both in the Stock Exchange and Lembard-street.
TIMES.—The last Gazette contains the usual return of the
amount of notes circulated in England and Wales by private
and joint stock banks during the three months from the 27th
of March, 1841, to the.26th of June, 1841.
From this return it appears that the three months ending
the Dith of June, 1841, as compared with the three months
ending the 27th of March, 1841, show an increase of 284,6131.
being the increase in the total amount of country notes in cir-
culation in the last quarter, as compared with the preceding
quarter. Of this amount 121,8161. is the increase in the notes
of the private banks, and 162,7971. is the increase in the
amount of notes of the joint-stock banks.
By comparing the three months ending June 26, 1841, with
the three months ending June 27, 1840, the corresponding pe-
riod in last year, the decrease in the total quantity of country
notes is 860,7811., of which 529,2181. is the decrease of the
notes in the private banks, and 331,5631. is the decrease in
the amount of notes of the joint-stock banks.
The average of the year ending June 26, 1841, is 10,143,341/.
while that of the preceding year, ending June 27, 1840, was
11,113,2221.
By combining the returns of the country circulation with
the quarterly averages of the Bank of England, it appears that
in the three months ending June 26,1841, as compared with
the preceding three months, ending March 27, 1841, there is
an increase in the total circulation of 379,6131. • The increase
in the stock of bullion held by the Bank of England at the same
periods was 759,0001.
The quarter ending June 26, 1841, compared with the
corresponding quarter last year, ending June 27, 1840, show
a decrease in the total circulation of 1,099,7811. The com-
parison of the stock of bullion held by the Bank of England at
the same period shows an increase of b 64,0001.
HERALD.—It may be remarked that, although no large
operations are being carried on, and speculation in point of fact
is entirely inactive, yet the purchases for real investment are
sufficiently numerous still, chiefly however for account of par-
ties now or lately in receipt of their dividends upon the Three
and Three-and-a-Half par Cent, stocks, the latter of which is
now open for transfers at the Bank also. But for the
state of the weather and the efforts in Mark-lane to excite
exaggerated alarms on that head, there would have been a
strong tendency to a rise in the quotations. An advance in
the prices of corn in bond of from Is. to 2s. per quarter is re-
ported from the Corn Market. It may be noted that the.
weather is by no meaas so unfavourable for the prospects of a
fair harvest as assumed or asserted by interested parties. For
the rain, though heavy and continuous, is known to be only
partially so, and limited to certain districts, whilst, after all,
warm south-western showers, if followed seasonably by dry
summer weather, cannot fail to be profitable to the growing
crops. It may be taken for granted also that a much larger
breadth of land was laid down for wheat at the close of last
year than perhaps for several years before.
POST.—It is folly to suppose that the Bank of England
can have any object in keeping down the amount of her note
issues, but the general welfare of the nation. The interest of
the proprietors lies obviously in the contrary policy, could it be
pursued. The choice of foreigners in the exchange they shall
take for the corn and other commodities they send us alter-
nates between goods and gold. If goods be too high among us,
the exchanges make the fact apparent.
To what circumstance do the free-trade economists ascribe
the late awful failures at Vienna,Trieste, and other parts of Ger
many ? We have had nothing at all approaching them in Eng-
land, and it is not pretended that they have been produced by
Corn-laws.

Lieutenant-Colonel Sir Charles O'Donnell, m:.
litary Secretary to the Commander of the Forces in Canada,
le expected this month to return to this country, from North

Ameiica.

TitAITS• OF HORSES.—The confidence of a
horse in a firm rider, and his own courage, is great, as
was conspicuously evinced in the case of an Arab pos-
sessed by the late General Sir Robert R. Gillespie, who
being present on the race course of Calcutta, during one
of the great Hindu festivals, when several hundred thou-
sand people may be assembled to witness all kinds of
shows, was suddenly alarmed by the shrieks of the
crowd, and informed that a tiger had escaped from his
keepers; the Colonel immediately called for his horse,
and grasping a boar-spear which was in the hands of
one among the crowd, rode to attack the formidable
enemy. The tiger was probably amazed at finding him-
self in the middle of such a number of shrieking beings
flying from him in all directions i but the moment he
perceived Sir Robert, he crouched with the attitude of
preparing to spring at him, and that instant the gallant
soldier passed his horse in a leap over the tiger's back;
and struck the spear through his spine. The horse was
a small grey, afterwards sent home by him as a present
to the Prince Regent. When Sir Robert fell, at 'the
storming of Kalunga, his favourite black charger, bred,
at the Cape of Good Hope, and carried by him to India,
was, at the sale of his effects, competed for by several
officers of the division, and finally knocked down to the
privates of the Eighth Dragoons, who contributed their
prize-money, to the amount of 500/. sterling, to retain
this commemoration of their late Commander. Thus
the charger* was always led at the head of the regiment
on a march ; and at the station of Cawnpore was
usually indulged with taking his ancient post at the
colour stand, where the salute of passing squadrons was
given at drill and on reviews. When the regiment was
ordered home, the funds of the privates running low,
he was bought for the same sum by a relation of ours,
who provided funds and a paddock for him, where he
might end his days in comfort ; but when the corps
had marched, and Ow sound of the trumpet had &
parted, he refused to eat ; and ou the first opportunity,
being led out to exercise, he broke from his groom, and
galloping to Ms ancient station on the parade, after
neighing aloud, dropped down and died.—Culonel Smith's
Horses.