The Sun.
London, England, 1840-03-14 00:00:00

HELSTON ELECTION.

(FROII OUR OWN CORRESPONDENT.)
Helston, March 12, 1840.
The election for this borough, in the room of Lord
Cantelupe, took place this morning. There was no oppo-
sition to Mr. Basset, who is a Whig, and who came forward
to break up the old system of nomineediip which has for
so many years prevailed in this borough. Tim proceed-
ings of the day were ushered in by a band parading the
town, and afterwards the hells rang merrily. At eleven
o'cl( ck, the Mayor, John Kendall, Esq., opened the busi-
ness in the Corn Market, where there was a large body of
people assembled ; and the Town Clerk read the neces-
sary formula previous to proceeding to the election.
C. W. POPHAM, Esq , proposed that John Basset, Esq.,
the nephew of the late Lord de Dunstanville, was a fit
and proper representative to serve them in parliament.
The Hon. speaker observed that this was the first time
that he had ever been able to support, either by his vote or
his interest, any candidate for the representation of that
borough, as they had never before had one in whose prin-
ciples he could coincide.
P. V. RonissoN, Esq., seconded the nomination, and
lauded the Hon. Candidate for his possession of sound
constitutional principles—of principles which would lead
him to oppose, on the one hand, all organic changes ; and,
on the other, would prompt him to support all such im-
provements as were necessary for the safety and welfare of
the state.

Mr. BASSET then addressed the electors at some length,
dwelling upon his intention to follow the example set him
by his revered and excellent relation, Lord de Dunstan-
ville. He next addressed himself to two or three public
questions, saying that he would oppose the Ballet, a
further extension of the Suffrage, and any attempt to
disturb the present constitution of the House of Lords, by
making it elective. He would, if he had been in Parlia-
ment, have given his support to the me.tsure recently in-
troduced into the House of Commons, for the Reform of

the Municipal Corporations in Ireland ; and he would ,t
all times support those propositions which were calculated
to remove the rust from our time-honoured institutions.

The MAYOR then declared that Mr. Basset was duly re-
turned us their representative. 'l'hc return was signed
—thanks were given to the Mayor, and the meeting
separated.
In the afternoon, many of the electors dined together in
different parts of the town, and all went off with the greatest
quietness.

MONEY MARKET and CITY NEWS

(FRIDAY EVENING.)
TIMES.—The principal head- of the Chinese news of
to-day having been anticipated by the extraordinary ex-
press of Wednesday, no new effect was produced in the
English Stock Market by the state of affairs in Chins.
Consols arc quoted at 90 to 7 for Money, and 904 to j-
for the Account. Money has been more in demand, and
is worth 5 per cent. This, perhaps, may occasion a little
legs firmness in the price of Exchequer Bills, which arc at
19s. to 21s. premium.

POST.—The news received by the overland mail from
China was of very great importance to the commercial
interest, and has caused throughout the day an amazing
deal of speculation in the tea market. The report so
l(•nerally spread on Wednesday of the Governor-General
of India having declared war against China proves, as
was to have been expected, for the most obvious reasons,
totally unfounded, and the consequence bas been a serious
d2cline in the price of tca.

HERALD —The Stock Market has closed heavily
this afternoon, the elf ct chiefly of an increased demand for
money, which has prevailed in the latter part of the day.
The amount of business transacted was very trifling, either
in speculation or in real bargains The principal holders
of stock in the City, as well as the speculators, do no,.
appear to anticipate that the affairs of China will affect to
any extent the value of the public securities.

SUN.—There was not a very animated market for Su-
,,:ar or other Colonial produce to-day, but Tea was in a
very unsettled position, being flat, with a tendency to de-
cline in the morning, and rather firmer in the afternoon,
when Company's Congou brought 2s. 71,d. to 2s. Bd.
for cash, and Free Trade Teas 2s. Gd. for Congou, cash,
and 2s. 7d. per lb. for common Twankay. The issue
of tie large public sales on Monday will offer the best
criterion of the actual feeling entertained by the trade
with regard to the existing state of affairs at Canon.
The Foreign Exchanges were steady this afternoon.
Bills on Paris were negotiated at 25f. 55c. to 60c., on
Hamburg at 13. 9 to on Amsterdam at 12.
and on Antwerp at 12. 2.
The Funds closed rather better this afternoon, Con-
sols for present transfer being quoted 90i to and for
time WI to ; Exchequer Bills remained at 203. pre-
mium, and the New Three-and-a-half per Cents. in

consequence of one or two sales, dropped from 99 to
WI '4
- - -

,„
parnsh Bonds were not so firm, and the Actives re-
ceded from 2871 to 28, but Portuguese, on the con-
trary, were rather better ; the New Five per Cents.
having touched 34i, and the Three per Cents. 24k ;
Mexican closed at 29-i to 2%,, and Colombian at 25
to 251.
The Railway Shares were more dealt in at previous
rates.

POLITICAL SUMMARY OF THE

MORNING JOURNALS.

The Times of this morning, alluding to the question
of a war with China, observes :—" A Royal message, call-
ing for the judgment of both Houses of the Legislature, is
due to the nation, before the actual collision has occurred
and the mischief has been rendered irretrievable. But
what has been the Parliamentary course of Lord Palmer-
ton on this important opportunity ? Precisely that of do-
kg and saying nothing, at a time when both declarations
and actions had become a paramount duty."—The Morn-
ing Post thus alludes to the currency question t—" No-
thing deserves more to be inquired into by Parliament
than the question whether the experience of the country
for the last one-and-twenty years tells in favour of
the currency principle adopted in 1819 or does not. We
believe that experience shows the step taken in 1819 to
have been a wrong one. We think tnat to restrict this
country to a currency of gold, or of paper legally converti-
ble into gold, of the same money value, is a fearful error."
The Morning Advertiser, speaking on the Chinese ques-
tion, says :—" A summary of news from the East, which
we publish in another place, will at once reveal, not only
the vital importance of the interests there involved,
but also the promptitude and energy with which, not-
withstanding the charges made against the Govern-
ment, measures have been taken to vindicate and
uphold British interests, against the outrages lately
perpetrated on them by the Chinese authorities."— The
_Morning Chronicle observes, in a leading article on
the subject of Mr. Baines's Bill for raising poor church
livings to 2001. per annum ;—" The party that clamours
about upholding the Church, and affects a monopoly of
attachment to its interests, does not want to see a repect-
ably-supported working clergy. It is not from that class
that the auxiliary clerical corps of faction is best recruited.
To take from the fat to feed the lean, is an approach to-
wards equalization, which they hold in abhorrence. The
pampered pluralist and the dependent curate are much
fitter materials for party purposes."—The Morning He-
rald thus expresses itself on the hacknied question of Pri.
vilege :—." The Privilege' Bill, with which the House
of Commons was busied last night, is confessedly, a clumsy
and imperfect instrument for removing the difficulties into
which the tyrant majority ' has betrayed itself. Its di-
rect tendency, moreover, is to legalise pretensions quite as
monstrous as those which, when recently urged by the ho-
nourable House, have excited the disgust of all England."