The Sun.
London, England, 1841-06-03 00:00:00

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EVENING EDITION.

• pact into which they have entered with the moot intetient of
political impostors—the most crafty of practical menei‘an,s. -
POST.—We have frequently endeavoured to impres, up ii
our readers the great rational danger and disgraee whieh a, Oe
from the determination of Minis:ers to (ding to office after their
power has long passed away. It is not true," re-t,rt .he Mi-
nisterial organs, " for, if power bad passed Loin the Govern-
meat party to that of the Conservatives, the Later, by mear:s of
that power, would have taken possession of office." Softly,
Messieurs Ministerialists, your assumption is much toe swift.
You speak of one sort of power, and we of azothcr. The
'lnver which Ministers have lost, or rather that which the pre.
sent Ministers have never had, is the power to 9...? tern. Ihe
power to hold office is another matter. When men Qf spirit
and honour men deserving the high name s.f British
statesmen--are appointed to office they hold of only
so long as they have the power to govern, As , soon as
the power to govern passes away they voluntarily relinquish
office. But if mean men are appointed to hilics—if
men whose chief glory is that of being suoeeesful cour-
tiers, and who care coshing for consthutioral pravueo
when it goes against their own interest—if in.men of this
character be appointed to official station, their power to govern
may be taken away by their opponents, and rid they 4. mane
in office, compelled to do what they thruiselvea condemn I 'lbis
the condition of the pie,ent administrati4,n. They do trot
think it necessary (while they arc in office) that the power to
govern should settle and determine the emstitution of the Go 7
vernment. They know vcry %nil that ever since they came
into office, in 1835, the plans which she; Lave put tt.rwar,l
as the best plans for governing the country have teen ale.
feated. Whenever anything has been 'nought forw..rti as
vitally important to the public welfare, it ties been Barely
altered in some of its more material points by the Opposition,
or it has been defeated altogether. This is the power which
the Opposition has wielded. This is the power which Govcrti•
ment ought to have possessed over the phis of the Opp.si-
tion, but which it has not psssessed. Stud it must be granted
that the Government has had the power to hold plies ; Litt
that is all the power it has had, and that is the vay thing of
which we complain.

MONEY MARKET and Cll Y NEWS.

- • - FROM THt MORNING PaPSRS OP THIS PAT.
POST.—The quotations for the publ_c securities reffibis
undisturbed. Hardly anything was dune in ehher hlarket the
whole of the day, the unsettled state of our publie affair:, and
the prospect there is of further large emissions of Govenimetit
raper, still contributing to the general languor that has exiated,
independently of these and other specific causes of tlepeession
that might be enumerated.
Money was considered tolerably easy fcr Stock Exchauge
purposes.
We understand there is no doubt that Messrs. Latfitte and
Co. of Paris stand by their contract for the negotiation of the
Texan loan, and that books would be epened for subscriptions
on Thursday, the 3d ins!ant.
SUN.—Until something definite is known respecting the con-
sequences of the Conservative attempt to wrench the Govern.-
meat from her Majesty's present advisers, the jobbers in the
public securities, and even those disposed' to make beau fidt
sales or purchases are at a loss how to act. The queatkaa.-
then, is not how far the depression in the funds may extend,
but rather :alien the market slidl again become an:inated,for we
tn-st bear in mind, that frequently the effects of anticipation
exceed those of the reality, and the suspense in which till &askew
are kept by the political conflicts of parties in the House of Com-
mons,...may pc:lmps ultimately turn out to have exercised more
influence ui on prices ihan even a dissolution would have done.
To day the funds were not lower, but there was an absence
of activity. Consols for immediate transfer were to-day
quoted 891 to 90, and for the account f 1 to 90 Exchequer
Bills were worth I Is. to 13s. premium, and India Bouds 3s.
to Is. I remium. Bank Stock was at 1681/2. to 1691, the Nest
Three-and-a-Half par Cents. were a shade higher than yester-
day, viz., 98/ to 93*, the Thrt eiter Cent. Reduced brought
&sii to :14, an the Reduced Three- and-a-Half per Cants.
97i to 4.
In Foreign Stocks there was se little lasing. and at so very
nearly the previous rates, that we do not feel called upon to du
more than quote the mere pricea realised. Spanish Active,
Bonds were at 23a ; Portuguese New at 334 to 331 ; Colom-
bian at 211 ; Dutch Two-and-a-Half per Cents. at 54 to 52i ;
Chilian at 62 to 60a; and French Fire per Cents. at 114.
The Ra Tway Shares were a little better to day. Great
Western were at 29%; the New, 1414 ; Loudon and Bir-
mingham, 681 ; Birmingham and Gloucester, New, g ; and
South %Vests,' n at 16a prem. ; Biighton were 41 ; North Mid-.
laud. 321/ ; and South Eastero, lii dis.
'I he closing prices were—Bank Stock 16911 : Consols 90 ; tio.
Account 90,x, ; New Three-and-a-Hal per Cents. 99};
Ex-
Lh, quer Bills 134. premium ; India Bends 3s. premium.
Foa EIG N.—Cohnubian. (1824) 2174 ; Mexican (1837) 231 Portuguese New Five per Cents. 334 ; Spanisa Consols 23/1;
Dutch Two and-a-Had per Cents. 52A.
Sna RES.—Great Western, ; ditto New, 641 ; London
anti tiirmingh..m, 154 ; Brighton, 4.4; Sor.ds-Wostern, 54;
lii~mingham anti Gloucester new,
; Ckeltenhain and Great
Western, 27; Croydon, 134; hianettesi,r and IA eds Ntw, 21;
Manchester and Birmingham, 2.1. s Northern and b.astern, 28 ;
North hlidland, 67i; South astern and Dover, 15 ; Daunt).
and Mayne, 33,k ; Metropolitan Wood-paving Company, 31.
Busitiess csntinues very unsatisfactory in almo.t every de-
partment; the ace-sunts 'from the manufacturing d:stricts ate
also unusual),diseotr;.•ging; and the whole-al, houses is the
City complain sk‹, Wang c•ff in the demand for manufactures
To an extent otters unprecedented; in addition to which, a most
vinous sp.",ent has been commenced and grown to an alarming
extent '.n* the disposal of the stocks of ban ki upts, by official as-
=iir..ees, who now make out an inventory of the insolvent's
stuck at cost prices ; and then invite several large establish-
nts to iatt in tenders, disposing of the same to those that
offer the least discount, instead of selling publicly ; and we are
informed that some sales have recently been effected this way
at 30 to 43 per cent. discount, thereby depriving the ittanutac-
turtr of a ci.ance of disposing of his goods at remunerating
prices, and that, possibly, with goods winch he himself sup.
plied the bankrupt, and had never been paid for ; therefore the
sconer this system is put an ecd to the better.

NAVAL INTEL L I GENCE.
(From the Brighton Gazette.)
PORTSMOUTH, JUNE 2.—The implacable, 72, Captains
Harvey, and Eeiinburgh, 72, Captain Hcaerson, are bath re-
fitting in Plymouth hound, and, according to private letters, are
to form part of a squadritn, to cruse during the summer ico tilts,
and tentlezvous et Lishoo.
The Acorn, W, Commander Adams, is dwtained from pro-
ceeding, to the coast of Africa, awaiting orders. She is dolt),
expected to leave Plymouth for Ascension.
The Bellcrollion. 7;i, Captain Austen, will be dismantled
and put out of commission this week. tier crew have Leon
p-onounced mrst effective, as was fully evinced by that, ship'i
dest• naive fire at the a•tark on St. Jean cl'Acre.
The Cornwallis, 72, Captain P. Rid ards9 titling out its liamoaz,, will be ready to i roceed to the i.u•t India station in
about a month. The Rear. Admiral, Sir William Parker, is
gone to S. uthampton to embark in the Great Liverpool, for'
Egypt, on his way to I3ombay.
The brig Nautilus. 10, Lieutenant Beaufoy, is come into the.
harbour to be paid off, and docked for re-commissioning.
It is rumoured that the Vernon, 50, Captain Walpole, k to
proceed to the Mediterranean. Her crew are nearly complete,
and her pi °visions and stores are on board fur six months."
con•umption.
The brig Jaseur, 16, Commander Poultbee, has gone into
P y.nouth harbour from the Barbary coast, to be (Rickel, having
been ashore.
'Hie Monarch, 84, Captain Chambers ; Indus, 84, Captain.
Sir James Stirling ; an
Sir 50, Captain Walpole, iemain
in statu quo at ,pithead, the whole wanting a large uumbn of
hands to complete.
Active exertions are making on beard the flag-ship Queen,
110, in this harbour, to complete her as a set-going ship.
She will be ready in about a month ; and her crew will theta
be transferred to the St. Vincent, 120, a three.decker of a.
larger class.
Ti.e Hastings, 7c5, may be expected from the south coast of
Spain about the end of June, and will proceed to Sheerness.
The Court-martial on Mr. Hobb, Assistant-Surgtxm of the
Indus, 84. for repeated drunkenness, has terminated in hie
dim ssal from her Majesty's service.
In Harbour.—The Queen, Victory, Bellerop'ion, Dublin,
Bittern, Fair Rosamond, Excellent, Royal George yacht, and
Nautilus.