The Sun.
London, England, 1841-01-09 00:00:00

THE SUN, LONDON, SATURDAY, JANUARY 9, 1841.

either to grant the repeal of the Corn-laws, or go out.
Sir, you are quite right when you say, that eif the
Ir7eeTute pursue tiis course as vil,!aucieF% may cr!,,lr,
at a dissolutio. r.l the pr,,ent P.-,rl' i;;i•z:1:., it :equi
not the spirit of divination to predict that the Liberal
interest will be overthrown. You are quite right ;
there is, there can be, "no mistake " about
it ; for the League is too powerful for any interests
or party to oppose successfully. Seeing this, what
should be the conduct of the great Liberal party ?
Why, most decidedly to take up the question and
settle it. There are but two among the Ministers
who are not Repealera to a greater or less degree.
Let the two yield, and propose a settlement of the mat-
ter. We will do our best to obtain total and immediate
repeal; and, failing in that, will take the next hest
thing we can get. Oh, say you, they could never
carry it ; they would be forced to go out. Well, what
then ? Do you think the matter would end there ?
Surely not ; the people would rally round them, and in-
sist on their return. Now, I maintain that all Reform.
ers :should agree to unite in obtaining one grand mea-
sure, and then another, and so on ; and they should
choose that first which has made the greatest progress
in the public mind, and has the greatest support out of
doors. Were they to do so, they could, this Session,
carry any one point on which they were thus
agreed. On the question of the suffrage, opinions
vary greatly, and we have not yet enough consolidated
strength on any particular plan of extension. On
the Ballot we come nearer, and perhaps could unit, ;
but on khe reveal of the Corn-laws there is a far
greater feeling than on any other question. The peti-
tioners last Session were a million and a half, a num-
ber as large as on all other subjects put together. The
duty of Liberals is to join with us for repeal; and if
they refuse we shall, at all hue Ards, do the best we
can for ourselves. If the Whigs are thus forced to
go out, then, in opposition, they will perhaps be induced
to unite with us, in order to get back again ; and it so,
they would be sure to get hack.
The Walsall election, then, combined with the
conduct of the League, will give a serious blow to
the Ministers by the election of Mr. GLADSTONE,
or compel them to make the repeal of the Corn-
laws a Cabinet question. Their fate, perhaps even
the fate of the two great parties, and the very exist-
ence of the aristocracy, hangs on the issue. Of
this we are well assured, that the League, which haS
hitherto stood aloof from all political parties, will
exert all its influence, regardless of all political con-
sequences, to secure the return of Members pledged
to the total and immediate repeal of the Corn-laws
by all the towns interested in that question. Both
the members of the League and its opponents agree
that such a course will break up the Government,
unless the Ministers were to resolve, which we think
would be a wise policy, to propose some alteration
in the Corn-laws. To carry on the Government and
maintain those laws for a much longer period, is
beyond the power of any Ministers, and the Whigs
may as well have the merit and the benefit of pro-
posing to abolish them as Sir ROBERT PEEL.
Whoever does propose it, though at first resisted by
some of the landlords, will in the end be sure to suc-
ceed. Notwithstanding what is written in the Tory
prints, the author of the abolition would gain
immortal honour, and we should much rather sec
that earned by the Whigs than the Tories.
There is a doubt amongst those who are friendly
to an alteration, whether the League is not wrong
in stickling for total and immediate abolition. But
no other course would satisfy the justice of their
cause, and we will undertake to show, whenever our
adversaries propose to surrender on conditions, that
unconditional submission will be most advantageous
for them, and most expedient for the nation. It
will be time enough, however, to enter on that sub-
ject when some measure to modify the present law
is proposed. We shall only now express our grati-
fication at the language used by a Member of the
League in reference to the union of Reformers. To
seek one thing at a time is wise ; and no measure
is so important as the Repeal of the Corn-law. The
dreadful breach which that law has made in our
constitution will never be stopped by such successes
as those at Acre and Chusan, glorious though they
be, nor by a thousand victories. The safety of the
State requires that the people be allowed to pro-
cure themselves food.

We are a little surprised at the discontent shown
by some Tory journals at the result of the expedi-
tion under Admiral ELLIOT. When the diffe-
rence between China and England became known,
a large party, both in Parliament and out of Parlia-
ment, deprecated the war, and exclaimed loudly
against the cruelty of sending troops and ships
against the peaceful Chinese. It was then gene.
rally understood and agreed on—it was so stated in
Parliament—that the expedition was sent to obtain
satisfaction and redress. The idea of seizing any
large extent of territory, or devastating the sea
coast, was repudiated as unjust and impolitic.
The expedition was only to use force to obtain
redress, and if that could be obtained without a
shot, not one was to be fired.

Austria and Prussia he has nothing left, and there- 1
fore he prudently says}rothing about them. He
poses like crond Christian
States as they are, they would be but too happy at
witnessing the growing prosperity of their neigh:
boors. Our readers may suppose that Mr.
STRACHAN is a bit of a humourist, and only crackS
a political joke to amuse the mob of Paris. They
are mistaken, Mr. STRACHAN is
.as serious as a,
judge in the act of putting on the black cap. He is
troubled with no qualms of conscience, anti makes
no more of marching off with a kingdom than one of
the Parisian chevaliers dindastrie would easing; an
acquaintance of the incumbrance of a watch or a
snuff-box. It is a thousand pities that M. TRIERS
is not in office to reward by some public employ-
ment so congenial a spirit as Mr. STRACHAN.

Aurally

The Post professes good intentions, but it cannot
all at once shake off bad habits. While it advocates
moderation, and reprobates exaggeration, it asserts
this morning that " The Sun hopes and believes that
the assertion of the Standard's correspondent is true,
refers to the Australian Journals as corroborating a
part of it, and boldly maintains that Mr. FROST,,
as an oldfriend of the Government, and a stanch
supporter of Liberal principles, deserves, not only
pardon, but office, and rapid promotion in the
QUEEN'S service."

Now this is not merely an extravagance or an
exaggeration, such as the Post accuses its friends
of committing, but the wilful fabrication of an un-
truth. All that we said was that MinistLr3
would not do wrong if they had lightened Mi.
FROST'S sufferings, now that he has lost the power
to do mischief. We said not a word about pro-
motion.

Neither can the Post all at once acquire know-
ledge. In ignorance of the fact that consumers,
capitalists, and labourers, may all be benefited by
the repeal of the Corn-law, it calls those cheats vi ho
affirm that the repeal will have such effects. At
present the duty on wheat is 275. Bd. per quarter,
say 28s. Now suppose that this sum, being
remitted, is divided as follows :-18s. to the labourer,
in the price of bread ; ss. to the consumer in the,
price of goods ; and ss. to the capitalist as profit;`,
will they not all be henefitted ? Something like
that would actually occur, and yet the Post, in its
ignorance, calls those cheats who affirm it.

Our Contemporary is alarmed as to what is to
become of the agricultural labourers, who he ex-
pects will be thrown out of employment. That is
a mere fancy of the Post to excuse a wrong. At
present there are more labourers in the agricultural
districts than can find employment, and whether the
surplus be 10 or 1,000, the effect in reducing wages
to the lowest possible level is the same. The agricul-
tural labourers now can scarcely be said to live—
they starve. At all times the surplus hands of
the rural districts have found employment in
towns, and the only effect, as far as the la-
bourers in agriculture are concerned, of the
repeal of the Corn-law, would be to extend
that market for their labour in the manu-
facturing districts, which is the chief means of
keeping them from a state of hopeless, helpless
dependence, as at present, on the farmers and the
squires. The agricultural labourers' wages would
be increased, not diminished, by the abolition of the
Corn-law.

We received last night the Dutch Mail, with
news from the Hague, Amsterdam, Hanover, and
St. Petersburgh. It appears from a letter, dated
Hanover, December 31, that the KING has been
indisposed for some days, and was unable to leave
his bed'. The Crown Prince still continued unwell,
but his illness was not considered dangerous, as
had been stated in some papers. His physicians,
however, had recommended him to be careful of his
health, and not to expose himself to the air until the
return of mild weather. The 81. Petersburgh Jour-
nal publishes an Imperial rescript, conferring on
Admiral STOPFORD the Order of St. George of
the second class, and at the same time making the
Austrian Admiral BANDEIRA, and Captain-Com-
modore NAPIER, Knights of St. George of the
third class.

profited by the late amnesty. Their satisfaction at again
visiting tbeir native country was ctrnncdv dcni!`!nr•d nn
t! z

; ~;•
of the of 1833 %hose I). ru.! her,toe ,xp,te,
arc so numerous that most of the diligencos are filled with
those persons on their return to their homes.
The Abbe de Lamennais has surrendered himself a pri-
soner at St. Pelagic, where he will undergo the year's im-
prisonment to which he has been sentenced by the Court of
Assir-!t.

The Journal des Debats hay an art;, le or the= st ite of
partics iu Eugl,t.d. in taiii.4l it atin,Ai.:cmi,---
" That public manifestations have had much less eclat
this year than the year before. The Tories hay, seen
that the brutality of some of their attacks hurts their eau,,..
Their banquets have become more sober and more rare
their toasts more regular, their akiresses more polite, and
their declamation less brutal. The Whigs are even dis-
appointed at the unexpected good behaviour on the part of
their enemies."

The use made of Queen Adelaide is then stated :
" At certain epochs of the year the Tories draw Queen
Adelaide from her modest obscurity, from around a bril-
liant cortege of her public and private virtues—just as on
days of fete pries's bring forth from the tabernacle certain
images and relics, which are exposed, covered with mock
ornaments, tor the veneration of the faithful."
HO UR S E.— Rams, THURSDAY, JAN. 7.

first kiThest Lowest I.ast
Price l'rice. Prici. Price
t.te rh pot tent i 1195 ....112 25 ... :11 a 5 ... ;12
4 f)er I;ents 111) 30 9.1 30 i .. 99 34)
3 per Cents 77 95. 77 55 ... ... 79
II int. o. r ',owe
Lartitre rtaitk I,CIIOI. Sh 1035 _1.35 ...1035 _inns
v;;;,,:ri 14411 k
sit er Cent! ... 99
New Loan
Active.
Passive 5% ••• 5 •••• 5% 5
Portitiziipse 3 per Cents 21% ...
N,„:,4:ll;ati
•

1f All WAY :;HARES
St Gel:nal:1
Ve ,alllc.s.n. )1 4lO 412 50 ... 410 41
L. 13. 3lO ... 312 50 ... 310 312 51)
Orleans 487 50 ... 487 50 487 50

Strasburg to Bale l4B 75 ... ...N8 7i ... 247 50 .. 2443 75
DUTCH FUN 05.—AMSTEKDAM, JAN. F.
'.' Alone!. RI nr.
s ctoal I).ht, 24s per Cent
.)itto, ditto 5 per cent.
A ~..2 t s v;ttlic, 4th per cent B6 81,54
Ditto, ditto, 4,' per cent 70% 71
Cumincrci, 1 Company, 4,,4 per cent 1584 11:,;.14
Dirt:, (1035 and l&17) a per cent. ......
Loan V.l:ri, 5 per cent. 44 046
Exchange on London, Come month lO 0
Two months
Dutch Papers, Jan. 6.
A 1/51111AN I'UnDS...—VIENNA, DEC. 2P.
ft,,eper Cents. Nletalliques
Ft's, per Cents. 99%
i brec p.r Cents. -N
B,:nlc Zshar,s
_.,../Blipemeine Zertring. Jan. 0

The expected despatches from Admiral Elliot
reached the Admiralty Ft night. We believe that
there is no probability of their being published in a
Gazette this evening, but if they are, they will appear
in The Sun.

MONEY and COMMERCIAL NEWS.

CITY, TWELVE O'CLOCK.
We received this morning the Calcutta papers to the
18th November, in which we find that the report from
Malacca, of the capture of the Bogue forts, is not true,
which arose, probably, from the attaek upon Macao barrier.
By the Singapore papers to the 16th October we have
accounts from Batavia, stating that the markets were as un-
favourable ac ever for European imports, and produce was
declining. Coffee could be contracted for at 23f., and
s ugar at 101. per pit ul.
Exchange at Singapore upon London.--Navy and
Treasury bills at 30 days' sight, 4s. 4d. to 4s. sd. ; pri-
vate hills with shipping documents, six months' sight. 4i.
6d. to 43. 7J. per Spanish dollar; wanted ditto three
months' sight, 4s. sd. to 4s. 6d., none.

LIVERPOOL COTTON MARKET, FRIDAY. Otlr market
subsequent to the stock taking was gradually hardening in
prices, but slowly, until the news recently received from
the East was made known, when the demand became more
lively, holders less inclined to meet it, and the result is id
to d advance being obtained for American descriptions,
and Surat, and kd to id on Brazilian. Egyptian and Sea
Isiand no change of note, though holders of the latter,
looking for a great falling-off in the supplies, are demand-
ing very high prices. Speculators have taken 11,000
bales of American. 3,800 Surat ; 200 Maranhams ; 250
Carthegena ; and 60 Egyptian; exporters 116 Bengal ; the
it mend is very brisk to-day ; about 6,000 bales sold less
than would have been the case had not the high prices
asked prevented the trade buying more freely,
LIVERPOOL SHARE LIST, JAN. 8.--Chester and Bir-
kenhead, 351; Eastern Counties, 9i; Debentures, 51;
Edinburgh and Glasgow, 294 ; Glasgow and Paisley, 22k;
Great Western Fifths, 11; Liverpool and Manchester,
1861 ; London and Birmingham 321. Shares, 514 ; Quar-
ter Shares, 281; Manchester and Birmingham, 26 ; Mid-
land Counties, new shares, 154.
MANCHESTER STOCK EXCHANGE, JANUARY B.
We ,have bad to-day rather a quiet market, and prices
scarcely so buoyant as yesterday, though very little stock
offering. Manchester and Lecds 81 to 82 ; New do. 31
to 314-; Manchester and Birmingham, 26f ; Edinburgh
and Glasgow, 30; Hull and Selby, 44 to 441 • Liverpool
and Manchester, 186, half shares, 901 ; Grand Junction,
Quarter Shares, 53i; London and South Western 591
to 60 ; Manchester Fire and Life Assurance, 9k ; Mau-
cheater and Liverpool Distr'et Bank, 101,

The quarterly average of the weekly liabilities and
assets of the Bank of England, from October 13, 1840, to
January 5, 1841, both inclusive, have been publishstl, from
which the following is the result
Circulation last report
Present

16,446,000
16,112.000

Less

334,000

Deposits, last Report
Prescnt time 7,049,000

712,000

22,352,000
22,078,000

284,000

3,557,000
3,511,000

46,000