The Sun.
London, England, 1841-04-14 00:00:00

the latter. In short, our shipping and our trade have not
thriven under the new system in so far as we have tried it.
The remedy which the free traders modestly propose is
that we shall try it further 1 And, as if this were not
enough, the organs of these speculative theorists tell us
that the Chancellor of the• Exchequer, in order to repair
the decaying finances, must adopt their experiments to re-
plenish the public coffers. We recommend such as have ,
money in the public funds to look to this. As the Ger-
man commentator, whose sentiments we published the
other day, observes, it is quite idle to determine measures
of trade end commercial intercourse by the abstract dog-
mas of any school. It may be truly armed that in such
matters there is no such thing as an absolute principle
which is true at all times and under all circumstances.
In some cases flee trade is beneficial, in other cases
it is not. All depends upon the peculiar circumstances
of the case—upon the particular wants, capabilities,
opportunities, and reasonable objects of each country.
While a country is thinly inhabited, and a vast field for im-
provement by labour is open to be worked, trade can
scarcely-be too free, for the tendency of flee trade is to
procure the greatest quantity of commodities at the least
expense of labour. But, if a country happens to possess
a redundancy of labouring power, then free trade is likely
to be peenicious. We may alter our I awe so as to enable
capitalists to buy the produce of cheaper labour abroad,
but how shall we alter the laws of other countries so
as to make them buy from us in return ? We can
do no such thing. " Oh," says the political econo-
mist, " but we cannot continue to buy without sell.
ing." The truth of that proposition depends upon
the length of time contemplated. We can continue
to buy without selling so long as our stock of gold and
silver lasts, and, slnce every use who can get a Bank note
may convert it into gold, that period would only be limited
by each individual's interest, or by the breaking of the
Bank. Thee, by pressure of severe distress and the
scarcity of money, all sorts of commodities would become as
cheap here as on the Continent. But the money amount
of taxation being still the same, the pressure would be
intolerable, and it would be imi-oseible for the Go-
vernment to screw out of the people enough of money to
pay the fundholder his annual interest. 'firis would be
the consummation of free trade in a country circum-
stanced as ours is. This is th point to which free-trade
theorists are now trying to drive us.

(From the Globe.)
The bigots of Bath have been trying to get up a Fro-
testant Operative Association. Their failuie is remark-
, able and edifying. Two thousand persons, it is said,
were present at the Assembly-.rooms, and it was an
nounced, that the heroes of the evening would be Mr.
James Lord, of the Inner. Temple, and the Reverend
Hugh Stowell. Mr. Lord is a gentleman who, after the
prac.ice of incipient barristers, has published a law
book at a law bookseller's ; but preferring divinity to
jurisprudence, has judiciously given ell his ia•.v in re.
printing the statute in regulation of Maynooth College,
in two cr three pages, and has eked out a goodly volume
by extracts from debates and balderdash from News-
paper;. He was to appear as a delegate from the Loh-
don Protestant Association, but wisely stayed away.
Not so the Rev. Hugh Stowell. Since his last story
about the Yorkshire Catholic gentlethan who wished
France to conquer England, he has been less prodigal
than usual in exposing himself to public indignation ; and
we began to feel a faint hope that he might he capable
of sonic sense of shame. Perhaps we did not judge too
favourably, fur he may have supposed that, however
well kaovvn to the Norte, some persons might be found to
believe him in the West. Ile carne, spoke, and was beaten,
and that at a ticket meeting. His opponents are said
to have been Chartists, but this does not appear from
the report, and we presume that they were not, tor
their amendmcot was strictly reguisr, not mentioning
the Charter, hut moiety giving reasons for r.egativing
the motion. At the appointed hour no one appeared to •
take the chair, and Mr. Bolweil, ace operative, was voted
ieto it. Upon this the Rev. Hugh Stowell, of Manches-
ter, who certainiy has no peculiar connexion with Bath,
twice interrupted the proceedings by again calling for a
show of hands as to the chairman, and was twice defeated.
The resolution, thet a Protestant Operative Association
was riot wanted in Bath, was carried by a large majority,
alter which Mr. Stowell addressed the meeting :
" Ile feared that mans present had leat themselves as the
tools of Pepery—(Laughter, oe, dear !') He had
met a g.neernau of Bath in a rnilway train, who told
him that a gaud Protestant Operative Asscciation
might be formed in Bath.—(Cries et ack by the
next tra n.') Ile had made ouch liberal Speoehes, that
he euuld not i it to please the people et Bath, for
many who had pea d him had s,A him dove!) for a
thoruuehs oing Rial eel. (‘ Solt soap.') But he was open
e
to dcel..re iiiieself a red.bot Tory.—(Cheers from the
p irsone, and gr_alis and yells from the m ering, with
cries of Ab :a lot altogether.') He was a c advocate of
religious; lieeity, bet be would beat gown Remaoism."
This, is atter the manner of 111.:thews's Mr. Dowgate—
" S:r, I hate prejudice and I abhor the French."
' (From the Standard.)
There is a notion pretty generally entertained by po-
liticians, which may he well founded in many cases, but
whi his wholly inaccurate in others. The notion to which
we refer is this :—" That the more the State does for the
promotion of any object, the less will be dope by voluntary
exertions." this proposition the extension of religious
instruction by ' State exertioeis presents a strikiag excep-
tion. Twenty-one or twenty-two years ago the Legis-
lature, leaving awakened from its long lethargy,
as regarded the interest; of religion, aroused, no
'Lubt, by tile progress of iiifidelity, and its insepa-
rable companion, political eiiorder, in the mane-
fact urieg districts an: large towns, some new churches we: c
built anti endowed, and more would have been provided,
but fir the privet actress of seine Whig servants of Satan,
who, it mu,t bc remembered, divided the House of Com-
mons nine times in one night in resistance to the necessary
grant. Something was, however, done by the State for
the cause of religion, and with this cif. ca that instead of
diminishieg voluntary exertion, in 20 years the little which
the public has contributed in its political character has
been attended by a three or four fold increase of volun.
tary contributions from the same public in that period.
It becomes, then, a serious question to every man who
has any real religious impressions, whether he can in-
nocently abstain Irons pressing the demand for new
churches upon Perlin:lent. The demand is not for an ob-
jsct bounded by its iairnediate purpose, but for the deve-
lopment, through practical means, of a principle of bound-
less operation. You build one church : you do well in
providing the means of worship for as many as its walls
cent ale. But is this all ? Oh, no ; in building
one church you sow the seed of hundreds of other
churches, and of religious and benevolent institutions. In a
word, von overt the oracles of the Almighty, and the teach-
ing of His word in that place; and all whose hearts are
touched by those oracles are not only made wise to
their own salvation, but engaged in the active service
of the all-good Creator—all earnestly engaged to do
for others what you have done for them. There is some-
thing so awfully magnificent in this rate of progress of re.
ligious truth from so slight an impulse, that if strict arith-
metical reasoning, founded upon facts, did not lead to the
conclusion, one would not know how to believe in the pos-
sibility of such mighty effects from such a cause

MONEY MARKET and CITY NEWS.

(FROM THE MORNING PAPERS OF YESTERDAY.)
TIMES.—At the Stock Exchange to-day very little
business was transacted, and the jobbers and brokers were,
for the most part, occupied with arranging their accounts
for the three successive settlements wuich take place this
week in the public securities, viz., that in the Share
Market to-morrow, that in the Foreign Funds on Wed-
nesday, and that in the English Funds on Thursday.
A letter from Bahia of the 6th of February, states that
trade continued to fall off, and, to show the proportion of
the decline, tbe following statist:cal data are given :--In the
year 1835-6, the Custom-house receipts were 1,625 contos;
in 1836 37, 1,389 contos; in 1837-38 (the )eer of Re-
volution), 1,043 contos; in 1838-39, 1,760 contos; and
in 183940, 1,610 contos. Ia 1838-39 the gross amount
of produce expor,ed (calculated on the weekly tariff esti-
mates) was 9,281 cantos; but in 1839.40 it diminished to
5,982 contos. In 1838-39 the Customs' receipts on the
exportation of produce was 804 contos, awl in 1639-40
only 524 contos.

0 ST.—The funds have been nearly stationary all day
in boils markets. The President steamer, expected from
New York, is still missing, and there was no news from
any quarter to give a stimulus to prices. The payment
of the dividends may be supposed to have had a favourable
influence, but the effect of this appears to have been, as is
usually the case, fully anticipated. .
Frankfort letters of the 6th inst. mention that two agents
of the house of Rothschild and Co. have set out as agents
for the Phillipine Islands, belonging to Spain, where
they are to reside for ten years. It was said they were
to superintend the collection of certain branches of the
customs of the colony, which have been assigned to the
firm as security for money advanced by it to the
Go-
vernment of Spain. Messrs. Rothschild have been
for years in the enjoyment of the profits
Almaden,de rivable
from the valuable quicksilver mines of
and are so much better off than the bondholders of
Por-
tugal, for which country they were resptoinie,ible ' in eonnee-
approve of their
bondholderssending
tints will the loan of 1835-6, or even
the dealing
Spain herself, that we cannot
out people to the Philippine Islands to intercept revenues
hvi.ohniershtys,hoguold,toin :ill: cioiquuristicaciofnfacifrand common
thiiesiuredsubpypotrhtee.rAs.gbuai:
ylohaen'eia contractorslB36 ' towards he c Bills dividends so long
postponed, and of the Treasury
IpacrnEinms
übia:rs
oldness of the great
been such that they shall never have our sympathy or:sup-
port let their s,ufferniiigs by
Co. of agents to thel heir private• engaements F.
ever so grievous. despatch byMessrs.
Ve- • . Philippine Islands
argues
Rothschilda
somethingnd
the house on the part of Spain.
add. The conamtlce of Portuguese bondholders have been
. essed by parties who complain very loudly, but with whe
0 tr.acherous towtaerds
jUStlee we leave others to Cc :ermine, that, for their signs
Urea apprAatery of the new Portuguese conversion,
which haQe been to the extent of 200,0001., they can ob-
tain the remuneration of no more than ten I,!Rings per
cent., which ii less by five shillings than they were ac-
customed as " melt of straw " to receive for their signa-
tures is favour of the railway projects at one thne so
much in fashion. There can he no doubt that the Porte-
geese tools, in their excessive meanness, have somewhat
undervalued the services of the poor men who have been
accustomed to do this sort cf business, and who have
starving families to plead in extenuation of the guilt
attgebing t 3 a betrayal cf the interests of their fellow-
countrymen.

The 'Sacred Harmonic Society will conclude
their series of Lent concerts,on Friday with " Jcphtha."
It is the eighth of Handel's Oratorios produced by the
Society, and wr.s performed for the Era time on Wednes-
day last with complete succem