The Sun.
London, England, 1840-11-09 00:00:00

PRICE sd.

SPIRIT of the PUBLIC JOURNALS.

FROM THE MORNING TAPERS OF THIS DAT.
(From the Times.)
If ever unanimity prevailed in this country on any
great pulitical question, it is on the expediency and the
duty of taking such measures as may be required to
protect Europe from the horrors of war, and of retrieving
our policy, ere it be too late, from the dangers which
attend a breach with France. To this uoanitnity xe
know of no exception, save in the columns of a morning
contemporary, which fans and feeds the flame by the
vehemence and the authority of its official declamation.
But whilst wo have been labouring to foster the wise
and dignified spirit of peace, from which the good sense
of the Evens!) people has not yet allowed them to di.-
part, carefully avoiding all points of recrimination on the
subject both at home and abroad, we can no longer
conceal our indignation at the inertness and indiffer-
ence of the Government, which hid fair to throw
away the last chances of reconciliation, to betray
the confidence of the public, which has been so in-
cautiously indulgent to their foreign policy, and to
mark the close of their administrative career by the
most disastrous catastrophe which could afflict the world.
It is notorious that the strength of the Egyptian
army in Syria is 'so broken, that no reasonable appre-
hension can be entertained of an aggression from that
aide upon the integrity of the Ottoman empire. if
the northern Pachalics of Syria are evacuated, "then,"
to use the emphatical declaration of the Ministerial
papers, " the treaty of the 15th. of July is executed ;"
that is to say, we presume, its object is sufficiently at•
tained, for by the letter of the treaty the contumacy of
the Paella bas doomed him to nothing short of complete
destruction. On the other hand, a Ministry has been
formed in France, fearless to assert the great principles
of peace and order on which the throne of Louis
Philippe has been established, if it be but able to sus-
tain them, as it may be inferred from its first victory
that it will. What has been done in Dawning-street ?
Not to mention the contemptuous neglect of the op-
portunities of adjustment, which would have been found
if they bad been sought, during M. fillers' adminis-
tration and M. Guizot's embassy, it is a literal fact
that a ,vhole fortnight elapsed since M. Guizot's
departure from England to take the office of Fo-
reign Secretary before the Earlish Cabinet conde-
scended to meet. On Saturday, the 24th of October, M.
Guizot returned to Paris ; on the following Thursday,
the 29th, the Cabinet was formed ; on the sth of No-
vember the Chambers opened ; and on Saturday, the
7th of November, the English Cabinet re-assembled!
Could nothing be done in the interval? Thera are
strong reasons for believing that, without the peremp-
tory intervention of the whole Cabinet, nothing of a pa-
cific or conciliatory tendency would emanate from the
Foreign-office. But there was ample time to have en-
abled the English Government and the conference of
London to make such a frank and decided communica-
tion to the new French Government, as would have
enabled the King to declare Isom the throne that the
negotiations were re-opened. What are we to suppose
when a course so obvious as this was not adopted ? M.
Guizot took away with him an ample share of adulation ;
but he left the country without one precise or positive
proposal, and without the slightest ground for confidence
in any energy and uprightness but his own. All that
was required was to give a practical shape to the pacific
intentions so lavishly expressed ; all that was needed
to prove the sincerity of those expressions was
promptitude. But there was no promptitude : there
was extraordinary and unaccountable delay. Hare the
Ministers, then, any right to complain if the French
Chambers, the French Cabinet, and indeed the English
people, choose to suspect that their professions are hol-
low! It is, at least, high time to inquire what strange
cause is at wcrk to raise up these obstacles and delays
to measures upon which no two sane and honest men
can disagree. No one proposes to humiliate England,
to reinstate the Pacha in Syria, or to frustrate the re-
sults of our intervention in the East. But it is the
highest privilege of successful power to use success
rightly. If we are the masters of circumstances in
the East, there is so much the more reason that we
should not be the slaves of diplomatic intrigues in the
West. Military achievements, however manful, are
only the means and instruments to political results.
The time is come for re-opening the negotiaticns with
France upon the new basis of the present state of things
in Syria, nod for stoppireg the effusion of blood as well
as the effusion of intemperate and aggravating lan-
guage. The causes by which these arrangements have
hitherto been impeded are sufficieutly notorious in the
diplomatic cintias, and they arc those to which we have
ever looked with an eye of suspicion. In spite of the
previous resolutions of the English Government, sup-
ported by the adhesion of two Members of the Confe-
rence, the conciliatory proposals, which ought to have
been made a month ago, were defeated by the refusal
of the Russian Ambassador, on the pretext of want of
.inatrAyiaous..frein,.t. Petersburgh. The Emperor of
itisiste(en-the,ethelirlicatiCifeelei.eti orietdrthat he k-
tends the treaty to be executed to the letter. It
is, then, for the Ministers of England to determine
whether, by the treaty which they have signed, we must
wait for instructions from St. Petersburgh before
we can attempt to take the steps now so urgently
required to heal the breach with Franco ; and who- •
tiler, because there is no amity between the Em-
peror Nicholas and King Louis Philippe, there is to
be war between France and the rest of the world. It I
is for the Ministers of England *a determine whether
enough has not been done in the Levant to vindicate
their policy and to secure the Ottoman empire. But,
above all, it is for them to recollect that they stand lime
to face with the dangers of a crisis in France and
Europe, which threatens their country with enor-
mous evils and themselves with political destruction.
If they fail in maintaining peace, they will have be-
trayed their own principles, their duty, their consciences.
They will be driven out ignominiously from the abodes
of power, but not until, like political banditti, they have
set fire to the edifice.
(From the Morniog Herald.)
We understand that a note from Lord Palmerston
has been delivered to the French Government, intimat-
ing that if Mehemet Ali continues to retain the fleet
and make war in Syria, the British Government will
not feel itself called on to recommend the Porte to
rn ithdraw the sentence of decheance against the Viceroy.
Tnis note, we further understand, occasioned much sur-
prise and great annoyance to M. Guizot ; but we learn it
wits counteracted by the private letter of one of the Bri-
tish Celvinet, stating, that though Lord Palmerston deli-
vered that note in the routine of official duty, he was
far from being disposed to press matters to the last ex-
tremity with Mehemet Ali.
(From the Morning Chronicle.)
We lay before our readers a series of accounts of the
late glorious successes in Syria. They decide the Sy-
rian question, and prove what a system of delusion has
been practised upon Europe with respect to the supposed
power of 111ehemet Ali. And to think that French
statesmen should have threatened the peace of Europe
for the sake of maintaining the legitimate Government
of a man discomfited by a small Turkish force aided by
a handful of Marines! But the French may have more
surprises. Are they aware that this tyrant has carried
his oppressions in Egypt to such an insupportable ex,
tent, that there is actually at present no little danger of
insurrection against him by the most patient and' long
suffering of all races—the Fellabs ?

MONEY MARKET and CITY NEWS.

(SATURDAY EVENING.)
An important fact relative to Portugal is obtained
through the circuitous medium of the United. States,
being the announcement for the first time of the con-
clusion of a commercial treaty between the two coun-
tries. The difficulties which Mr. Kavanagh, the Ame-
rican representative, had to contend with were very
great. He was over and over again on were
v of
concluding the treaty, when the changes of Ministry
were a perpetual interruption, and he had to commence
his work anew. No less than twelve such change, oc-
curred during the progress of this affair. The demo-
cratic party in America express great satisfaction at
this circumstance, as tending to show the mercantile
portion of the community that the present Adminis-
tration is not hostile to their iaterests. A series
of letters addressed to Mr. Charles Wood, the Chair-
man of the Committee on Banking, by Mr. Leatham
a banker at Wakefield, have been published by
their author, and conta'n much information, coming
a
as they do from a practical man, who was
great pains in furnishing a new basis, as he taken
leges, for reasoning on
.the currency. His great
prin-
ciple is the necessity of taking bills of exchange
into the account in all questions respectMg the currency,
and he expresses his surprise that the attention of the
Committee has been confined exclusively to the notes
of the Bank of England, and those of country bankers.
As the chief cause of a panic is the refusal to discount
bills,
derangedlie tsltiaintek s
of alelirci inquiries
muesi
nstto a w
be incomplete with-
out a statistical account showing the amounthol e s
oomf e
thoseor
mciractuerlaiatlinsgimamtedthiaetels a time ;. but not having the
scertam the amount, he has
himself worked ot.otfabbilalsisfor his calculations. He first,
immediately to
1835 to 1839, both
takes the return stamps for the five years from
Lordsutn whichl\l orp
eache inclusive, having previously requested
of
billsto nove. for them, and then by an
til
kind 1 inspection
rage date
o f the bilnisdrisonin."eXtgam'aspedeiwrsteiarilnycecdrasrbryyt.hoebsileeadtaiiOeran.
'' . nit 4. '
41, 'o at 1,
'''''''' "I ‘,.'l from the leading bill
L..1;.'-r- irifi.r.r:uion i, -')io...at'a—t.d for the purpose of sllnw-
. ''''g IL I:.,:pin him of Joreign and inland bills, and he
'., firid3 that one-fifth of the bills are foreign, though to