The Sun.
London, England, 1841-08-23 00:00:00

MORNING SUN

SPIRIT of the PUBLIC JOURNALS:'
FROM THE EVENING FAPERS OF SATORbAT.
GLOBE.—We have all along expressed our thorough
conviction of the fact that there is a schism in the Con-
-servative camp, and we have invariably beeninet bz)
protestations from the Tory press that the pilfty is in a..
state of the most blissful unity. At length, hOw'defl
the ill-suppressed bickerings between the organs that
wish to be, the organs that are to be, and the organs
that profess to be, have broken forth into open disagree-
ment, the immediate cause of which is the bold avowal of
the Times that it condemns the present Corn-laws,
and forbears from writing them down chiefly be-
cause it believes that to put them down will be one
of the first acts of the Conservative Government.
Against this doctrine the Post of this morning has pro-
tested in terms unsually strong : in one portion of its
article it actually goes so far as to threaten to respond
to the thunder of Printing-house-square with the light-
ning of its own ridicule ! We are, however, spared the
infliction of our Contemporary's liveliness by the neces-
sity which, he feels, compels him to be " severe ;" and
he consequently proceeds to belabour the Times with
the cudgels of rebuke, instead of drawing the small
sword of wit for the more skilful purpose of pink-
ing him. In sober eartnestness, there is at the very
threshold of power a most serious division in the
Conservative ranks. It is now no longer a question
of importance to know what Sir Robert Peel in-
tends ; but the inquiry must be changed into " How
mach of his intentions will his party permit him to
execute ?" The answer is clear, that he will be able to
do nothing. Neither section of politicians will be in-
duced, with regard to the Corn-laws, to give way ; for
while anti-monopoly is immoveable from its firm position
on the rock of principle, monopoly is stuck irretrievably
in the shrogli of self-interest. If Sir Robert Peel propi-
tiates the advocates of the former by concessions on the
Corn-laws, he cannot count on their support for his ge-
neral policy ; while, if he endeavours to satisty the de-
mandants of continued restriction, he will only full into
that "mire" which the Post has already spoken of, when
alluding 'o the new Parliament.
STANDARD.—We have again to offer that most
ungracious and unpalateable of all admonitions, to a very
numerous body of correspondents—we must inculcate
the policy of patience. No day passes in which we do
not receive litany letters, generally commencing with
"Now that the country is sure of a Conservative Govern-
ment," or some equivalent phrase, and ending with a
proposition, generally excellent in itself, and recom-
mended by good arguments; but, as Ave must respectfully
submit, premature, as all propositions of measures
to-be carried by a Conservative Government mist be at
present. In" the first place, the country is not sure of a
Conservative Government as a matter of course. We
have set n the country governed for years by a
Ministry without an effectual majority in the House of
Commons, and without any majority in the House of
Lords ; and how unconstitutional soever such a course
may be, after the vote of the 4th June, there is no assur-
ance that the attempt may not be persevered in. By
stra:niny the privilege of Parliament no doubt the Minis-
ters may be forcibly ejected ; but it must always
be a grave question with Conservatives, if they are
what they profess to be, whether ultimate!y more
mischief will not be done by forcing the in-
clinations of the Sovereign than can be caused by a
temporary submission to them. There can be, and
there' is no doubt that our . beloved Queen wishes
to govern in the spirit of the Constitution—the most am-
ple reliance may be
.placed upon her Majesty's good
sense and good dispositions ; and in dealing with a Sove-
reign so intelligent and so well disposed, it may well be
thought advisable to resign to time and to her own good
sense the office of instructing her. Let the present
men, as they have proceeded so far in violation of the
Constitution, run the whole length of their tether. The
Queen cannot fail to see before long what it is to contieue
an Administration disliked by her Parliament. The
time for jealousy of the Sovereign's power has unhappily
passed by—we say unhappily, because the Sovereign
ought to be very powerful, and all power is the object
of a just jealousy—the time for a jealousy of the
Sovereign's power has unhappily passed by, and there-
fore, Parliament makes no real sacrifice in submitting to
a temporary oblivion of constitutional principles, where
the prerogative is concerned ; such a submission, is in
the times in which we live an error on the right side.
Above all, Conservatives ought not to be extreme in
controlling the wishes of the Sovereign. If, therefore,
Ministers shall muster courage to retain office iu de-
fiance of future defeats and condemnations, as they have
retained office in defiance of former defeats and condem-
nations, and if they should prevail upon her Majesty,
as they have before prevailed upon her, to sup-
port them in their unconstitutional course, we can easily
imagine the Conservative majority still abstaining from
a refusal of the supplies, or any other peremptory pro-
cess of ejectment—maintaining still the even tenour of
their way—defeating ill measures, and introducing good
measures as far as it is open to an Opposition to do so—
and exercising a vigilant, though not vexatious censor-
ship upon the Ministerial acts of the Executive. It is
by such conduct they have reached their present noble
position, and by a perseverance in such conduct they
will still more highly exalt it.

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF SATURDAY.
POST.—The magnificent weather we still have is
most embarrassing to our corn speculators, and, in the
event of its continuance, of which there is, happily for
the country, every prospect, many of the number cannot
fail to be ruined. There are at present no quotations of
prices in Mark-lane by which the public can be safely
regulated, but we find that a forced sale was made of a
parcel of wheat in the course of the morning at a decline
of 6s. per quarter, the holder being afraid to wait longer
for a change from eloudles skies to drenching rains,
with appearances so much against him. A temporary
falling of the glass during a portion of the day, for it
proved but temporary, was naturally viewed by many
with a feeling of reviving hope. With a season so en-
couraging as the present has become, there is but little
occasion to enlarge just now-ort the financial bearings o:
the corn cpur,tion. We may, however, refer to a most
able letter, with the signature of ‘• Mercator," inserted
in this; day's paper, confirmatory of the accuracy of the
views we have taken upon it.
The British Queen steam-ship having, as we stated
while that vtssetwas em.'4er last voyage to and from New
York, been sold by the British and North American
Steam Company to the Belgian Government, will pro-
ceed, in the course of about a week ,or ten days, from Li-
verpool to Antwerp. The Belgian Government mean,
we understand, to run her three times a year from Ant-
werp..to New York, and back, the vessel touching at
Portsmouth on her outward passage ; but it is 'not ex-
' pected, nor indeed intended, that she shall make another
voyage across the Atlantic this year. The arrangement
originally enthred into between the Company and the
Belgian authorities from the transfer from the former to
the latter of the President steamer also, cannot, of course,
in the circumstances in which the Directors are placed
with regard to this unfortunate vessel, be carried into
effect ; at all events for a time.

CHRONICLE.—Mr. Thornton, Chairman of the
Committee of Spanish Bondholders, has received a
communication from Lord Palmerston, requesting
tint certain documents might be sent to him,
referred to by Mr. Thornton in his letter to
M. Surra yll of the 7th inst. His Lordship, we un-
derstand, stated at the same time to Mr. Thornton, that
his object in wishing for these documents was to for-
ward them, along with his above-mentioned letter, by a
special messenger to Madrid. The bondholders of
foreign states arc all under deep obligations to the
Noble Lord at the head of the Foreign Department, for
his constant and active exertions in their'behalf. The
holders of South American Securities have put their
expressions of gratitude on record, and we observe with
satisfaction that Mr. Thornton also bears testimony to
the great value of his Lordship's advice, assistance, and
influence, in behalf of the creditors of Spain.
By the arrival of the Great Western steamer from
New York, which was known in the City early this
afternoon, bringing dates of the 7th inst., we learn that
the Stock Market was very heavy, United States having
declined to 14. There appears to have been no particular
cause assigned for this fall. A few weeks since it is
said, however, that Prime, Ward, and King, by large
purchases, had run the price up to 22 ; since which,
prices have been falling, and the firm iu question have
been the large sellers at the board, even on speculation.
TIMES.—Much impertinence is vented daily in the
City in attempts to support the autenticity of the supposed
intelligence from China, to which the only answer that
ought to be made at present is by a reference to the state
of the tea-market, which is, at any rate, in no better state
d" news" was received. These
reflect,t for their own sakes, that tale-
bearers are ought
than
s:treab to
se.ft)e
badr ast that
tale-makers, and that the rage of
their dupes, who have suffered by both, may possibly
react on the tale-bearers, because they are more acces-
sible. There is, however, some hope of discoveries in
this matter, to which it may be prudent at present not
more particularly to allude.

COLONEL HILL, 53D REGIMENT, AND THE
PLYMOUTH TOWN CoUNciL.—At the last electios for
the borough of Plymouth, Sir Henry Blackwood, who is
an elector, rather imprudently produced a copy of
the Standard newspaper among a crowd of persons,
and publicly announced the defeat of Lord John
Russell in the City. Sir Henry was immediately
set upon by a number of the bystanders, and being in
danger of his life, Colonel Hill, and others of the 53d, in
undress, rushed to his relief, when an affray took
place, and blows were exchanged. The next day the
Colonel waited on the Mayor and expressed his regret
in the presence of the town-clerk at his having been
present during the election. The Colonel's explana-
tion was considered perfectly satisfactory to the Mayor
and the town-clerk. At a meeting of the Plymouth
Town-Council on the 18th, a resolution was passed,
That the presence of the military during an election
is highly improper; and that it be a recommendation to
Lord Hill, the Commander-in-Chief, that all officers and
soldiers should remain in the barracks during any future
election for this borough ;" and " That a copy of this
resolution be forwarded to the Horse-Guards." The
Council consists of about 18 Conservatives and 30 Whigs.
At New Orleans in the week ending on the
25th, there was a death from yellow fever. This fatal
ease, though it does not prove that the disease exists
as an epidemic, may most likely be regarded as the
forerunner of the epidemic.—New York Paper.

FOLKSTONE-.--4 gentleman recently visiting
at this place was so much unpressed with the dismal dirty
Appearance of the houses in -soine of the narrow streets,
that he actually whitewashed the houses on one side of
South-street at his own expense, just by way of example
to the inhabitants.—Kentish Herald.
The Governor of Gloucester gaol, it is said,' has
received a respite for seven days, for Weyman, convicted
of the murder of Mr. Fisher, at Tockington, and it is
thought that the sentence of death will be transmuted
into banithmont for life.