The Sun.
London, England, 1841-02-08 00:00:00

THE SitN, LONDON:, MONDAY, FEBRUARY 8, 1841.

or confined to a few ; the best guarantee that
it will be exercised with safety will be found in
its universal diffusion.

We agree, indeed, with Mr. GunART, that the
law as to Joint-Stock Banks requires to be re-
formed. He, however, thinks only of
the banks ; he will allow us to *add, on
behalf of the public, that as Joint-Stock
Banks have necessarily a long purse, a
summary remedy should be given to
all the individuals who have claims on them.
They should be compelled by some easy process,
to pay on demand every promise which is
presented for payment, and the property of
all those members of the bank whose names
and credit give credit and influence to the
Bank should be answerable for every note issued.
We approve of the improvements proposed by
Mr. GILBART, but we require additional securities
for the public.

The Tories have cried out against Lord Mon-
PETH'S proposition to make the franchise in 1.1•-•
land depend on being• rated to die: poor in the
surf of Si. annually, with a fourteen years' intc-
. rest in the hoidings, as Universal Suffrage. kis
unfortunately no such thing. The present suf-
frage is one of 101. value, with fourteen years'
lease, and that gives a miserably small con-
stituency. As Lord MottPETH said, his
plan may in time increase the constitu-
ency, which will depend, however, on the
landlords granting leases, but it seems doubtful
whether .it will immediately augment it. In the
course of his speech, the Noble Lord quoted
five places in which the number of ten-pound
electors now is respectively 200, 348, 223, 66, and
167, and on these respectively the number of
these electors who would not be rated at 51., is
17, 6, 17, 20, 0, so that, in those cases, the constitu-
ency would be decreased by these numbers, though
the new test might let in some who do not now
possess the franchise. We do not admire the test
for the degree in which it will enlarge the con-
stituency, but for the simplicity it will introduce
into the whole system of registration, and because
it will immediately put an end to the innume-
rable vexations which now annually grow out of

the present system.
Admiring the test for its simplicity, we would
rather see it adopted in England, and made the
basis of our registration, than see the new Bill
establishing a Court of Appeal proposed by Lord
J. RUSSELL pass into a law. Whether car-
ried for Ireland or not, it will not be for-
gotten in England, and will probably be
a rallying cry throughout the land. We recom-
mend it to the consideration of our Leeds friends
as something which the Whigs, having proposed
it for Ireland, will be ready to give to England,
and which all parties may unite to accomplish.
The simplicity of the test of rating, if we must
have any test, should recommend it to all classes,
many of whom now scarcely know on what the
franchise depends.

Our readers will find in another part of The

' Sun, interesting and important news from
Chusan, of the 24th of October ; Canton, of the
3d of November; Macao, same date ; Singapore,
of the 9th ; Calcutta, Dec. 22; Bombay, Jan. 1 ;
Lahore, Nov. 2; the Persian Gulf, Jan. 10;
Alexandria, Jan. 23, and Malta, Jan. 28, brought
by, and with the overland mail, which arrived
at Marseilles, on Tuesday last, and was thence
conveyed to London by express. The intelli-
gence from China is by no means so satisfactory
as we had been led to expect from the last
despatches. Except the disgrace of Commis-
sioner LIN, and the arrival at Canton of
KESHIN, 7the mandarin, appointed to nego-

[ate with Admiral ELLIOT the settlement tf
British claims, nothing had been I:me of any
moment. Both in China and in India the
conduct of the ADMIRAL has created a
strong feeling of disappointment in which it is
isspossible for the Briti public not to partici-
;Ate. Instead of pusyiing on boldly to Pekin,
Ind dictating such terms to the EMPEROR as
would have inspired the Chinese with a proper
respect for the power of Great Britain, and in-
sured good treatment for all Europeans now trad-
ing, or who hereafter may trade, with China, the
ADMIRAL allowed himself to be drawn into the
meshes of negotiation, in which he is sure to be
beaten by the craft and the procrastinating
habits of the Chinese. In the mean time, his
forces are rapidly diminishing by disease,
the discipline of the remainder, from the
necessities of the circumstances under which
they are placed, becomes relaxed; and should
a necessity for fighting arrive, he will find
himself obliged to call upon the Government
to fit out a fresh expedition. From the mo-
ment we learned that Admiral ELLIOT had
returned from the mouth of the Peiho,
on receiving a verbal and indefinite pro-
mise of a pacific arrangement of claims from an
emissary of the EMPEROR, we began to entertain
a suspicion that the gallant Admiral was not the
man to impress the Chinese with any high re-
spect for our national character. The Admiral
appears to have put himself entirely into the
hands of Captain ELLIOT, to whose luckless
blundering there is no end. We readily grant
that there are instances in which it is the duty of
a Government to allow to a brave officer an op-
portunity of retrieving errors committed from
an excess of zeal for the public service ;
but the contest which has arisen out
of the opium question is not one of
them. Captain ELLIOT, by a long series of
overt acts, had satisfied every person of his utter
incapacity to discharge with dignity and be-
nefit to his countrymen, the important functions
with which the Government had vested him.
He ought therefore to have been recalled on the
arrival of the expedition at the mouth of the
Canton river. It is a deplorable affair, that with
nineteen ships of war, and four steamers in the
Chinese seas, we should be compelled to record
our belief; that unless the command is given to
more able officers we shall be in no better con-
dition as to trade or compensation a year
hence than we were a year ago. Notwith-
standing the pressing demands of the Ad-
miral, not a single prisoner taken by the Chinese
had been released, and it was understood that no
hostile steps were to be taken to effect their libe-
ration. What stronger proof is wanting of the
Admiral's incapacity to conduct negotiations with
Asiatics ? Would that Sir CHARLES N A PIER, in
the Powerful, was off Chusan or Canton ! The
British prisoners would not long languish in cap-
tivity !
- The news from Inlia is more satisfactory.
Lieutenant-Colonel MARSHALL with only 900
infantry and a few horse attacked NVSSEER
KHAN at the head of 4,000 Belouchees, and de-
feated him with the loss of 500 Belouchees, in-
cluding several principal Chiefs, and the Khan's
stores and baggage. The British suffered little,
and had only one officer killed. This brilliant
action took place on the Ist of December among
the hills near Katra, and was expected to pro-
duce important results.
There is likely to be some ticklish business in
Lahore. The widow of NAo NEHAL • SING, who
has mounted the rnusnud, has, it appears, in con-
junction with the Prime Minister, been guilty of
the murder of her husband, and KURRUK SING,
in order to clear the way for her own assumption
of Royal power. The proofs of her guilt are said
to he in the hands of Lord AUCKLAND.

The news from the Persian Gulf is very satis-
factory. No further attack had been made upon
Aden, and the British troops there were in ex-
cellent health.

From Alexandria the news is highly important
and satisfactory. On the 21st the whole of the
Turkish fleet, under the command of Admiral
WALKER, sailed for Marmorice, and IBRAHIM
PACIIA having been previously ordered to eva-
cuate Syria, the Pacha has fulfilled all the con-
ditions of his submission with perfect good faith.
Commodore NAPIER was still at Alexandria,
where it was most probable he would remain till
the arrival of the Imperial firman conferring on
the Pacha the hereditary Pachalic of Egypt.

NEWSPAPER TWADDLE.—Lady Langdale was
sitting next to Lord Hill the other evening after dinner,
and on cracking a walnut (the skin of which was beauti-
fully var:egated) observed, it was like the uniform of the
11th Hussars; upon which his Lordship replied, with
some p
ettiilmess. that he was thoroughly sick of the Ele.
1 venth, and a;1 that belonged to it. We do not wonder at there.
ply; but is it not his Lordship's own fault?—Alligator. [What
likeness there could be between the akin of a walnut and
the uniform of the Eleventh, it is not easy to fancy; but
the cracking of the nut miebt have suggested a simile, for
walnuts, like officers of the Eleventh, aro broken for the
good that is in them. A Cockney punster would give
the thing another turn, and say, that walnuts, like the of-
ficers of the Eleventh, were broken for their kernel ]--
Examiner.

MONEY and COMMEPCI,IO, NEWS.

( From The Sun, of Evening.)
Consols opened this morning a shade lower, in conse-
quence of the information by the Overland Express from
India, with the intelligence from China, which is
not looked upon in a favourable view. Commis left off at
88% 89 for the Account, at present may be quoted at 881 ;
money, 88%, with little doing as yet. Exchequer Bills, 3 5
prem. ; Bank Stock, 164 16.5; India Stack, 246 248.
In the Foreign Market Spanish Active also a shade lower,
left iff at 24h, at present 2311 24 ; Deferred, 12* h ; Passive,
6h ; Portuguese left off at 31i at present 311} 32 ; Three
per Cents. 191 201; Colombian 221 2:3 ; Mexican, 271 28 ;
Dutch Two-and-a- Half per Cents, 494 50 ; Five per Cents.
98} 99.
SNAUEs.—Great Western, 241 25h press.; sew, 11 12
preen.'; London and Brighton, 71 7 dis. ; Blaavvall, 4* 34
div. ; Birmingham, 84 86 pretn. ; Southampton, 57 58 per
share ; Croydon, 12 per share ; Greenwich, 8* I per share.
Livaitrool. COTTON 111 A krET, PRIDAT.—EarIy in the
week we bad a very fait demand, and the market appeared dis-
posed to improvement both in steadiness and priers,
with firmness of holders; but since the report of the Mulches
ter market of Tueiciay ( which was by no means favourable)
has been received. there has teen a relaxation of firmness on
the part of sellers, and prices are quite as low as on Friday
last, the quotations of that day being with difficulty obtained
for Americans; Surats selling at NI decline,.and other kinds
without alteration. Speculators have talon (chiefly during
the first three days) 6,000 bales of American, and exporters
200 bales The sales to-dsv are 4,000 bile, of all kinds.
iIANCI:asTEt brocx I_:XCHA NOP., FF.B. 5.—A fair in-
quiry for ~tares at slightly reeuced rates. Lancaster and Preston
(new) 19i; :Manchester
i std Bitmingham. ; Alant bevel-
and Birmingham Even ion, 21 2/. 18s. 9d., anti 2/. 13t:. ;
-h es"
rl' 53 ; Eittern Counties I),.ben-
t-uEastern and Dover. 13 to 13k; Man-
cLl:reP'denste:)rh 4a
nand to
4
Ld
eeds,
youtheds South ‘
, 72Lt 721; ditto halves, 31 32; Manchester
Assurauce, 9. _

The tollowmg letter received at the North and South Ame-
rican Coffee-house :

" Commercial Advertiser Office, New York.
" you will End in the Morning papers the account of the
packet Garrick being ashore. We are now able to gave a few
additional particulars. One of the hands of the vessel arrived
here this morning, via New Brunswick ; he states that the
vessel was lying to yeiderday morning in a dense fog, when the
vessel was struck in a part where the shore was very bold ; she
went a half sideways, and stuck fast. There is but little pro-
bability, he thinks, that the vessel will be got of). The pas-
sengers, and all on boar,i, will be saved. The owners have sent
the American steam-vessel Eagle there.
PRICES OF SHARES THIS DAY AT ONE.
RAILWAYS. Paid. Per Slaare,
Great Western
Ditto Fifths ... 4 .... St
South Eastern and Dover

JOINT STOCK BANKS.
Provincial of Ireland 23 43} to
Since the early part of the morning the British Market has
a firmer appearance, and Consols may be quoted at 88i 89 for
the Account; Money 81 ; Exchequer Bills also better, 3 6
preen. ; Bank Stock 164. Nothing done in India Stock or
Bonds.
In the Foreign Market Spanish Active 24, Deferred 121;
Portuguese nothing done ; Buenos Ayres 22 ; Mexican 27i.
In Dutch Securities also nottung doing.
'This is a very blank morning for speculating in the various
funds It is the same in the Share Ma, ket—not 'single quota..
tion worth notice.

The French mail is still due, owing to the boisterous
weather.

CLOSING PRICES.
BRITISH FUNDs.

Stock
per Cent. Red B9i Ditto Bonds
per Cent Cons ...... .. 881 Ditto Old Annuities —
36 per Cent Red........ 98 Ditto New Annuities...
New 3} per Cent ..... 97* Ex. Bills, 1,000/....2id 7pm
New 5 per Cent ... ...... Ditto 5001 7pm
Long Annuities to expire Ditto Small 6pm
Jan. 1860
Oct 1859... l2i India Stock for Acct ...
Jan. 1860 ..

Tp Cif PRRN-L

(From the Sutinst.)
The Walsall election was a lair stand-up fight be-
tween Corn-laws and no Corn-laws, small loaves and
large loaves, abundance and starvation. There can be
no dispute about this ; both sides tried their harries' ;
neither money nor industry way wanting. Tit, Anti-
Corn-law• League strained every nerve, all manutacturers
threw in their influence, and yet the seven hundred
electors of Walsall have decided by a majority of
twenty-seven in favour of the little loaf against the hi.
loaf, and of corn restriction against. free trade.
We do not know what. other motives may have in-
duced thtse worthies to vote for starvation and
stone, or whether they received a good thumping bores
in the shape of hard cash, for abusing their privilege us
electors, and imposing upon those who have votes th
obligation of paying a poll-tax of so much per rain, so
much per woman, and so much per child, to every
country squire who chooses to live beyond his legiti-
unite means, and to muke the poor wretches who labour
in our factories, work in ow mines, and toil in our on
healthy workshops, pinch their corniteh‘, nod tor,v,
proper rinautity wlmiesome food, in order that ttwso
shooters of .acid poultry, awl towers of vermin, nosy
render their oar, particular proptA.ties worth double a,
much wool(' lie worth if the possessors were
IlonrT4t trot,, and kept their hands out of the pot-:kcts
their Fic,il• bc-,ur,.

That toe Corn-I ws ere a rebbery, and a rel;!:;-.y
as aggravated a ehareeter as ever eels eemmitted eieoa
the highway, there can be no dispute. Even the equire-
archy themselves vroui,l not dispute :t in private, eel
they make but a shabby show of disputing it in
The ten-pound house inlders of Walsall have new for-
mally declared theinselvee to be confederates in the rob-
bery, although they are among the multitude robbed.
Whether heavily bribed or not, we neither know nor
care ; but we should fancy that no men could be such
fools as to assist robbers in robbing themselves, unless
they received a propertion of the plunder greater than'
that they lost by the robbery. Bribed, terrified; or
coerced, however, ma•ters but little : the plain fact is
clear enough, that these ten-pound householders, who.
havetthua made themselves parties to this wiltilesaie
robbery, are not fitted to be trusted with the suffrage
at all, still less to be the only persons entrusted with it.
Of this bread-tax, not one-tenth part is paid by these
ten-pound householders ; and of the suffering and star.
vation which this bread-tax creates, not one-thousandth
part is felt by these ten-pound householders. The men
who pay the tax to the landlords are the swarthy, ill-
fed, working millions, who are obliged to live uponteread,
and upon bread alone ; who cannot procure meat, and
who are compelled to subsist upon that vegetable diet
which the Coro-laws render scarce and dear.
These are the men who are really robbed, and these
are the men whom the ten-pound householders assist in
robbing. These are the men who have no votes, no
voice, no means of defending there elves against the
robbery of the House et Commons.
We never have been friendly to the humbug of Uni-
versal Suffrage, or the brutalities of Chartism ; but if
there is an argument-to be found in favour of either of
these two, it is most decided:3, to he found in the ini-
quitous manner in which the ten-pound householders
betray their trust, and, far the sake of a filthy bribe
from some wooden-headed country squire, hand all their
poorer neighbours over to want and destitution. -
This Walsall election will make multitudes of Chart-
ists, and hundreds of thousands of Universal Suffrage
agitators. If we were ourselves day labourers, we do
not believe that we should be able to curb the indig-
nation which such an atrocious conspiracy against us
would raise within us, or that we should be able to re-
sist the temptation of joining with every or any set of
persons, whose object would be to knock up a state of
society from which we should palpably derive no benefit,
and by which we should feel that we were daily being
robbed, and worked to death and starved.
Something must now be done. We cannot go on
in this way. If we do we shall soon have every work-
man in the kingdom cursing every man who has a
vote, and combining to pull down the whole fabric of
society. This Walsall election may be considered to
have settled the question of the Corn-law., at least for
this session. Ministers, of course, will not stir in it
when they would lose their places by doing so ; and
the squires, after such a victory as this, will, of course,
pluck up heart, and feel themselves strong_ enough to
go on robbing at. least. tit T
e years to come. he greatest
benefit which could now occur to this country, would
he three succeseve bad harvests, and three years cf
famine ; ever thing would fall before this, and the
country would, eventually, be a gainer.