The Sun.
London, England, 1847-07-21 00:00:00

Mon tin 14 iin

LONDON, WEDNESDAY, JULY 21, 1847.

However suspicious may be the official intimacy
which, until very recently, subsisted between M.
GUIZOT and M. TESTE, it would be ungenerous
to impute to the entire Administration of the
former a corruption which has been divulged in the
character of his unfortunate colleague. No one
stigmatises CANILLE DEsmorLlNs with a love of
cruelty because in a moment of enthusiasm he
had once publicly' embraced ROBESPIERRE, or
accuses Cardinal WOLSEY of a tenderness for bi-
gamists because he was wont to carouse with
our Eighth HENRY. M. GUIZOT has enough
overt criminality to answer for to satisfy even
his most pertinacious opponents. We are by no
means disposed, therefore, to quarrel with him upon
a merely supposititious turpitude. The advantages
which must inevitably result from the conviction
and punishment of M. TESTE are rather of an
abstract than of an inferential character. Neither
his punishment nor his conviction would be advan-
tageous
of .
casting an additional odium upon a Ca-
binet which he was recently a member. No ;
the detection of venality in the late Minister of
Public Works can only be beneficial
bearing morality
in its gene-
ralised upon public moralit
Little palliation is there to the gu.ilt of M. TESTE,
that in sinning against the laws of rectitude he fell
had
with the illustrious. Lord BACONbranded his
great and immortal name with the culpability of
peculation. That was no excuse to bi. TESTE.
DANToN, the boldest rebel the world ever saw, had
pocketted the douceurs of the minions of tyranny.
That, again, was anything but a vindication of
TESTE. MIBABEATI, the greatest tribune of the
M.
French people, the most eloquent of modern or
ancient demagogues, had tarnished his glory by
accepting the assignals of Louts XVI. That in no
measure diminished the atrocity of the late proceed-
ings of M. TESTE. Beyond, however, the shame of
his detected corruptibility, M. TESTE has in an
extraordinary manner aggravated his guilt by at-
tempting to add to the shame of bribery the infamy
4)f self-destruction. The hoary administrator,
however, will so amply expiate his conduct by
pecuniary infiletionsi by a prolonged deprivAion of
personal liberty, and especially by degradation in the
face of the whole civilised world, that are little
disposed to dilate in lanuuage of
we
miserably and
contumely
dedeplorably
a andl
indignation upon a man so
debased.

Others, however, implicated in the transactions for
which M. TESTE has been condemned, are associated
with him also in subjection to judicial severities.
One amongst these individuals i 3 conceived by the
tnajority of our Parisian contemporaries to have been
awarded an undue proportion of punishment. For
the remembrance of his long and honourable services
to France they consider that his sentence might have
been moderated without any abatement whatsoever
of the supreme justice of the Tribunal. As a soldier

THE SUN,'

of Waterloo, as an officer who has fought and bled
in the ranks of the French army, as a citizen who
has hitherto enjoyed an unsullied reputation, and
especially as one who has been, more strictly speak-
ing, imprudent than corrupt, he is regarded as in a
great degree entitled to consideration and lanity. The
.3,ec'e feelingly remarks upon the civil degradation
of General CUBIERES, " We may be allowed to ex-
press some commiseration for a brave soldier
whose blood has flowed through nine or ten
wounds on the field of Waterloo, and who,
in the decline of his life, allowed himself to be be-
trayed into the sad paths of speculation and intrigue,
without bringing there the spirit of audacity, rapine,
and trick, to which so many others in those days owe
their impunity." Such are the generous remonstrances
which are appearing in the press of the French ca-
pital against the rigorous course adopted in the
punishment of General CUBIERES.

Altogether we are not disposed to coincide with
the purpose of these remonstrances. Respecting the
military gallantry of the condemned, esteeming his
loyalty to his country as unimpeachable, and
respecting the integrity of his domestic life,
and the varieties of his civic virtues, we
nevertheless, conceive it to be incompatible with the
maintenance of morality to decrease the penalty im-
posed upon a participator in such a shameless act of
peculation. We admire the spirit which animates
these appeals in behalf of General CUBIERES, but we
cannot but consider, nevertheless, that his culpability
is so far established as to render his degradation from
the army essential for the preservation of its good
character. A temporary degradation may suffice,
but a degradation of some sort appears to be abso-
lutely requisite. The punishment is bitter it is true,
but public decency has been violated beyond all ex-
culpation.

We have repeatedly pointed out the imperative
necessity that existed for the strictest good faith and
integrity on the part of the Irish landlords in the
repayment of the several sums advanced from the
national Exchequer in the hour of their affliction. It is
demanded not only by every consideration of honour
and honesty, but also of expediency. The national
character is not more deeply involved than the na-
tional interests. A more striking illustration of the
old adage that " honesty is the best policy" could
scarcely be found. We have no hesitation in saying
that the future prosperity of Ireland will in a great de-
gree be dependent on the course pursued throughout the
country in general with respect to the repayment of
the sums charged to their account by the stipulated
instalments. The future proceedings of England will
be regulated thereby. If an anxious desire is mani-
fested to discharge these obligations to the best of her
ability—if every fair exertion is made to perform her
part of the contract, the credit of Ireland will be
established, and no future difficulties will be raised
to the application of all our means to her benefit. Her
chief want is capital. She possesses all the elements
of national wealth ; her fields are of almost unex-
ampled natural fertility ; her rivers and harbours
afford every facility for the extension of com-
merce ; her bays and the adjoining ocean teems
with life, that by a slight exertion might
be turned into a source of support and main-
tenance for a large portion of her children. Valuable
mines and collieries in almost every part of the
country, and millions of acres now lying waste and
unproductive, which at a moderate expense might be
brought into cultivation and made to produce crops
of every description. In addition to all this there is
an abundance of labour at hand, available for any
and every improvement, at a low rate of wages.
How comes it, then, that with all these advantages
she is still so backward that she is obliged to implore
aid from another land to save her children
from perishing in myriads from want of the
common necessaries of life ? The answer
iti simple. She wants capital. The proprie-
tors of the soil are, as a body, involved in
debts and embarrassments, the estates, of which
they are the nominal owners, heavily encumbered
and mortgaged to those who have no interest in
their improvement. The necessities of the landlords
affect the tenants, the former are unable to improve
themselves, or even to encourage any improvements
by the latter. They cannot yield any present benefit
for the greatest future advantages. The latter fear,
that if they expend their labour (in too many in-
stances their only capital) on the soil, they will not he
permitted to reap the benefit thereof—that the
increased value may attract the attention of the
needy landlord, or the hearties and avaricious agent,
and lead to their expulsion from their holdings :
thus there is a continuance of neglect and apathy,
little or nothing is done, the fields remain not half
cultivated, and the people are still immersed in
poverty, while the sources of wealth remain at their
very thresholds, uncared for and unnoticed.
This can only be remedied by the influx of capital,
public and private, from this country—the first alone
will not be sufficient, but it will lead to that peace
and tranquillity, that general submission and obedience
to the laws, that restoration of confidence, the want
of which has hitherto prevented English capitalists
from investing their wealth in Irish speculations.
Persons of this description will act with the greatest
caution before they decide on laying out that which
may be turned into many beneficial channels. They
will examine with their closest attention every point
that should be introduced into the calculation. If
they see a wilful disregard of public faith, they will
not be disposed to place much dependence on the
private integrity of the same parties. If public
obligations are evaded, and public liabilities repu-
diated, they cannot repose implicit confidence in indi-
vidual honesty, or the punctual performance of private
promises by those who unhesitatingly violate their
public undertakings. But, on the other hand, they will
acknowledge and readily act on the evidence that may,
and we most fervently hope will, be afforded through-
out the country of the existence of a better and more
honourable feeling. When they perceive that no ob-
stacles or difficulties are interposed in the way of
Government, that the required rates are struck,
and the means given for their collection, they will
feel anxious to assist in every manner, and this feeling
will be increased, because they will believe that that
assistance can be rendered without loss to themselves,
that their advances, whether made through their re-
presentatis es, in the Legislature, from the public
purse, or by themselves individually, will be punc-
tually and fairly liquidated. We trust that these con-
ya n notd nbtee
rl
eo
ss
tts own e thhaev
epeople
yo f
altr Ireland,
wsidheorsaetiwonelre
sfama
but that they may pursue a course worthy of a great
and highminded people.

As the friends of real religion, we hesitate not to
affirm that religious intolerance is the greatest curse
of civilised life. It matters not, whether possessed
and exercised by the Turk, the Jew, or the Christian ;
whether rampant in the Legislature or lurking in the
cottage. It is the embarrassment and perversion of
all right Government, and the destruction of all do-
mestic harmony and peace.
But at this moment of electoral excitement it is
its evils in the Senate to which we wish to draw
the attention of every honest elector. Why, in a
Government that has to extend its protection and its
power over upwards of fifty different denominations
of Christians, should you (unmindful of all other
qualifications) endeavour to select or reject certain
o
candidates merely because they agree or differ from
some
whose oneenlightenment gphotiennt
nloefn
tt, h e
disinterestedness,o
l ogy V
bY
r ej
andt
liberality will enable him to shed the blessings
of a
wise civil Government over lec
ythue manon
your forty
-oni en lt
of bei
and on yourself also, and rnaegt hrnr
ae n
of your own faith only, for the purpose r
endeavour t
un-
mindful of the interests, and
-regardless of the wishes
of all but your own sect?

What has the individual creed of a legislator to do
in legislating (as he must do in a country like this)
for the 49 others who differ from him?

If religion in civil Governments is thus to assume
an individual and intolerant character, we had
sooner
at once fall into the views of the consistent author of
" Man unfit to govern Man," and contend with him
that it is " inconsistent with the authority of JESUS,
the Christian's only lawgiver, and with the principles
of his religion, for men to form together, and enact
laws of their own to punish other men who will not
so conform. Let the advocates of Christianity be
consistent ; let us draw back our interested hands
from civil distinctions and human domination alto-
gether ; let us not perplex and embarrass a Govern-
ment of this world with our unholy and unauthorised

LONDON, WEDNESDAY MORNING 9 JULY 21, 1847.

MONEY and COMMERCIAL NEWS.
(From The Sun of Last Night.)
The sales of Cotton at Liverpool yesterday were
about 4,000 bales, including 2.500 American at 4-11 to
; 400 Pernam and Maranham, at 7-id. to B+l. ; 700
Maceio, at Bid. to B*d. ; 500 Eeyptian, at Bitl. to
91d. ; and 200 Surat, at 42d. to s*d. per lb. Prices re-
main without alteration. For long staple cotton there
had been a fair demand ; but for short staple there had
not been much inquiry.
The Share Market was dull, and prices generally
lower, excepting Newcastle and Berwick.
We have one or two arrivals from tho Colcnies, but
although the advices are not of later date, except from
the Cape of Good Hope, there are some points of in.
terest therein. It appears that on the frontier the
Kafirs continued their petty depredations, but up to the
end of May had not succeeded in facing anywhere even
detached parties of our troops.
From Pert Phillip there is news of March 12. The
colony was in a prosperous state, but although heavy
rains had fallen late in the season, the weather had
again become too dry, and the usual sheep " runs" were
in many cases deserted fur stations further distant,
where water is procurable There had been again a
large and influential meeting in opposition to
the transportation system, but this loses much
of its pi esent interest from the circumstance of the home
Government having resolved materially to restrict trans-
' portation. The great grievance with the Port Philip-
pians is their annexation to Sydney, towards the ex-
penses of which they contribute so heavily, and on
which account they so earnestly desire a" separation."
At Adelaide, South Australia, in February, there had
been a conflagration, by which property was destroyed
to the amount of 5,0001. or 6,000 L The revenue of the
colony was very flourishing.
The English Funds have been rather heavy again,
and there has been no speculation. Consols for money
have realised 881 to 88a, and for time 89 to *. Exche-
quer-bills have been 9s. to 12s. premium. The New
Three-and-a-Quarter per Cents. have been 91 to *. Bank
Stock is firm at 198, and East India Stock at 2441.
In the Foreign Market the dealings have been limited
also. Spanish Five per Certs. have realised 211, and
Portuguese Four per Cents. 31k. Brazil Old Bonds
have been quoted 83k. Dutch Two-and-a-Half per
Cents. are 571.
Railway Shares are not so good to-day, although the
sales are not large. Eastern Counties, North-Western,
and several other lines are lower, but French Shares are
looking up.
BRITISH FUNDS.

ONE CLOSING
O'CLOCK. PRICES.
Bank Stock .. .. 198 198
Three per Cent. Reduced Annuities 894 % 89%
Three per Cent. Consols Annuities 88 83.1,
New Three-and-a-Quarter per Cent. Anus. 91% 9118
New Five per Cent. Annuities 115 115
Long Annuities, Expire Jan. 5, 1860 .. 9 1-16 9 1-16
Ditto, 30 years, Jan. 5, 1860 .. • . 8 13-16 Y. 834
India Stock .. .. • .. 244 244%
South Sea Stock .. 97% 981;4
Consols for Opening, Aug 26. 89% 894
Exchequer Bills. I%d. 2d.
1,0001... •• • 12 9 p
5001. -.— •• • 10 14 p
Ditto, Small .... 18 13 p
FOREIGN FUNDS. ONE
O'CLOCK.
Brazilian Bonds, 5 per Cent „ 5334
Ditto, New Bonds, 1829 and 1839 ..
Cuba, 6 pet Cent ..
Portuguese Bonds, 5 per Cent .. 81%
Ditto, 4 per Cent
Ditto, for the Account .. ▪
31%
Spanish Bonds, 5 per Cent .. • 214
Ditto, Three per Cent
Dividends on the above payable in London.
Dutch Two-and-a-Ball per Cent 57%
Ditto. 4 per Cent. Certificates 90%

11 p
14 p
13 p
CLOSING
PRICES.
83%

PRICES OF BUSINESS CLOSING
RAILWAY SHARES. PAID. DONE AT PRICES.
ONE O'CLOCK.
Amber., Notting., Boston, and
Eastern Junction .. 2% 1% ..... ••• • • 1%
Birmingham and Oxford Junction 10 18 18% .• • 18 !S
Bristol and Exeter .. 75 76
Caledonian
Ditto, Half Shares %2 IN • • .. 134
Eastern Counties . 20 19% %20 19•?8 is 19%
Do. Perpet., 5 per Cent. No. 1.61. 13s. 4d. %P••• • • • • • P,
Ditto, York Extension.. •ii‘
.... 6% ••• • • • „ 8
,
East Lincolnshire 6% 7A • • • • • • • • • •
Edinburgh and Glasgow .. .. 50 • •••• • • • •
Ditto, Quarter Shares .. 12% 16% ..........16
Great Northern .. • . 6 .. • • 4% •• ..
Do., London & York Extension 2% '2 2!O••• • • • • • 2
Great Southern & West. (Ireland) 32,i, —••••• • ' • ' ' 3(
Great Western .. •.. 85 ••• • ••••• • • • •
Ditto, Half Shares .. .. 50 .... ••'•• • • • " 7
Ditto, Quarter Shares .. .. 15 „ 20 19% ••• • • •
Ditto, New 17/, .. 7 10 •• • • ••• • •
Ipswich awl Bur), St.Edmunds .. 15 .... •••• • • • • •
Ditto, ditto, and Norwich .. 12 .... S ..... ••• • '
Leeds and Thirsk • • .. „ „26 .... 19% 19 ••• • • •
Ditto, Preference 6 per Cent.. • 3% .. ••••• • • • • •
London, Brighton, & South Coast 50 .... 55 %..••• • • • • •
Ditto, Consol. Eighths .. 10 .... •••••• • • • •
London an North-Western —lOO .... 176
Ditto, Quarters L. and B. 12 „,„ 28% .... • .
Ditto, Fifths 2 17 ••••• • • • • •
Ditto, 401. Shares M. &B. .. 40 69 ••••• • • • • • t,
London and South-Western 411. 6s. 10d... 68 ••••• • • • • • 08
Ditto, New 50/. 32% ••••• • • • • • 3114
Ditto, Scrip 50/... .. 5 •4% .. .. ••• • • • t.• %
Manchester, Buxton, & Matlock 425..... % dig. • • •• •• • • (Us,
Midland .. ..100 128 •• •••• • • • • 128

8
19
3
12};i
178
28<,
16%

Ditto, 501. Shares 6 .... 9% Y. •••• • • ' •
Newcastle and Berwick .. 20 30 29% .. •. •
Ditto, New .. .. 5 9%7. •••• . . .
North British .. 23 32% . .. • .
Ditto, Half Shares .. 12% .. • • 15 %•••• • • • •
Ditto, Quarter shares .. .. 3 .... .• •
Ditto, Extension .. • % 34 ••••• • • • ' •

9%
29%
3V4
1,5!t
4R

Ditto, Thirds .. I .. • •
North Staffordshire .. 7% 10% % ........
Preston and IVyre.. .. 25 .... 37% ..........
South Devon .. .. 40 .... 20 .......... 30
South Staffordshire .. 2/. 125... % dis dis.
South Eastern and Dovor 335¢ .... 36}4' ........ 36
Do.. New (do. 301.) .. No. 3. 15 14 .......... 14
bo.. New (do. 101.) .. No. 4. 5% 6
Windsor. Staines, &S. Western.. 425.
York and Newcastle .. 25 .... 37 % 37%
Ditto, Extension • • • . .. .. 10 .. • . 16% 16 .74
York and North Midland .. .. 50 .... —
Ditto,• Extension • • .. .. 25 .... 42t

FOREIGN RAILWAYS.
Boulogne and Amiens 20 .... 15%..........
East Indian . ss. % ........
Luxembourg .. .. 6 .. . 1 ..........
Lyons and Avignon (Constituted) 5 ....
Northern of France • • .. •• 10 .... 1274
Orleans and Bourdeaux .. • • 6 •• • •
.5%

Faris and Orleans 20 •• .. 50
Paris and Rouen .. .. 20
Paris and Strasbourg .. • . 8 •• •• 4'

....
14 .... 714

Sambr 3 and Meuse
West Flanders .. • • • • .

JOINT-STOCK BANKS.
London and Westminster 20 .... 26

14
12 e 4
54

33%
434
7 La