The Sun.
London, England, 1840-02-25 00:00:00

POLITICAL SUMMARY OF THE

MORNING JOURNALS.

The Times of this day, alluding to the vacancy for
Perthshire by the elevation of Lord Stormont to the
House of Peers, observes :—" The indecent haste with
which Mr. Fox Maule has demanded the issue of a new
writ, and the shameless pertinacity whereby the consti-
tutional objections to such a precipitate procedure were
tyrannically overruled on the mere dictum of the learned
coxcomb whose accommodating authority, as Lord Ad-
vocate, is always at the service of his patrons, afford
abundant evidence that Perthshire is about to be
pounced upo❑ by the Whigs, and carried off, if possible,
not by a deliberate appeal to the electors, but by a
sudden and furtive snatch."—The Morning Post thus
speaks of the meeting of the citizens of London held
yesterday in the Common Hall, on the Privilege ques-
tion :—" Every speaker was fairly and fully heard,
and, at the conclusion of a discussion carried on
with a degree of temperance and moderation which
adds much to the value of the final decision, it was re-
solved by a majority of four to one to petition the So-
vereign to exercise her legal and defined prerogative in
opposition to pretended privileges which Courts of Jus-
tice refuse to acknowledge." The 24forning Chronicle
observes, with reference to the Metropolitan Anti-Corn-
law Association :—" The harmonious and promising
manner in which it has commenced is an augury of
growing influence and ultimate success. Everything
seems preparing for the destruction of the most perni-
cious and detestable of all monopolies. The character
of the Committee furnishes assurance that the opera-
tions of the association will be conducted in a business-
like manner. We anticipate something better than the
vague declamations which have often been resorted to as
the means of popular agitation. What the public, and
the working classes especially, want, are distinct exhi-
bitions of the influence of the Corn-laws on the
worth of wages in the food market." The Morning
Advertiser thus alludes to the abuse which the Tories are
now daily showering on Sir Robert Peel :—" Poor Sir
Robert, the ex-proximate Prime Minister ! condemned
by his friends as destitute of moral courage, sneered at
as deficient in sagacity, and threatened with Tory oppo-
sition in his own Tamworth. The sea hash its bounds,
the earth has its bounds—but Tory rage and Tory
violence know no sea or land-mark !" The Morning
Herald refers again to the Privilege-question in the
following terms :—" The privilege-tyrants have indeed
shown themselves to be not only the most inconsistent,
but the most puerile and most dastardly of mankind—
they have hunted down the Ministerial officers of the
law—they have incarcerated in their Bastile innocent
and humble victims—they have shrunk in the most
cowardly manner from vindicating what they call their
privileges, by any manly, any vigorous, any really spirited
act of oppression. Tyranny in so paltry a shape as it
has been exercised by the Russell and Peel commit-
ments, is not only odious, but despicable !"

MONEY MARKET and CITY NEWS.

(MONDAY IVENINCI.)
TIMES.—A trifling rise which has occurred to-day
in Exchequer Bills should not lead the public to con-
clude that the prospect of getting our bills into circula-
tion at the old rate is at all improved, since the advance
is caused, in point of fact, by the presumption that the
plan will fail, and that either an increase in the rate of
interest or a funding must be resorted to. So small a
premium does not deter speculators from taking their
chance of such a failure, especially as they have abun-
dant time to claim money for their bills, which is the
worst thing that can happen. This hint may be of use
to the Chancellor of the Exchequer himself, who is as
likely to be led astray by false conclusions in this matter
as any of the public. Some advance in the value of
money which has taken place in the course of the morn-
ing must give increased force to this view of the pre-
sent state of the Exchequer Bill market.
The Consol market continues heavy, and though
there has been a little fluctuation in the course of the
clay, Consols closed at 901 to for Money and this
Account. For the April Account they are quoted at
91 (buyers). A good deal of business has been done
in carrying over stock to the next Account, the rate
being I per cent., which is rather more than 3 per cent.
per annum. Exchequer Bills are at 3s. to ss. premium.
A private letter from Gibraltar received to-day men-
t►ons the appearance of two of Abd-el-Kader's cruisers
about Cape de Gat, where they had captured one
French and one Spanish vessel. They are armed bri-
gantines, full of men, and carrying rcd flags. The Wasp
brig of war had been ordered round to Tangier at the
request of the Consul, Mr. Hay. All the Consuls
there kept in their houses, as there was a report that
the Arabs were coming down to look after Frenchmen,
and of course every foreigner in such case wou'd be con-
strued a Frenchman.

POST.—Some commercial letters which we have
seen mention that it was believed the Philadelphia
brinks would resume specie payment on March I. In
order to induce the State Legislature of Pennsylvania
to refrain from enforcing such resumption on the 15th
of February, as decreed by the Lower House, the
United States, Girard's, Farmer's, and Mechanic's, and
Pennsylvania Banks had come to the determination of
furnishing the money required for the payment of the
state dividends under suspension, should the proposition
to that effect be well received. The President of the
United States Bank (Mr. Dunlap), in a letter received
by Mr. Jaudon, writes that he was on the pint of des-
patching a messenger to Harrisburg on the subject.
The sum is 890,000 dollars. Remittances )f the divi-
dends to England have been made by the packet in an-
ticipation, the result being considered certain.
The following announcement from Harrisburg, dated
Ist February, is important. There can be no doubt
that, in the event of the Legislature of Pennsylvania
declaring for the dissolution of the United States Bank,
the Governor will veto the proceeding :
" Governor Porter to-day sent a message respecting the
State loan. The Pennsylvania Bank took one hundred
thousand dollars of it, and answers from all the other banks
were received, declining to take any portion of it. The
Governor recommends the issue of State stock for the pay-
ment of interests on loans, and suggests a lenient course of
legislation towards the banks. He says---' I feel bound to
say, regardless of any denunciations from any quarter, that
I believe if too vigorous a system of measures be adopted to
coerce the payment of all the liabilities of the banks imme-
diately, the credit of the State must and wil! be seriously
and disastrously affected. Let an assurance be given to
the public that, at a certain and fixed day, within a rea-
sonable time, such resumption will take place, and that it
will then be permanent.' "
The letters to which we have referred advise late
purchases of United States Bank Shares, for remittance
to England by the packet, at 76 for Cash.

SUN.—The commercial advices received today
from the United States are unsatisfactory, as they are
deficient in that interest our manufacturers most de-
sire, viz., orders for British manufactured goods. The
markets in the United States were glutted with goods.
The Exchange on England was 8 per cent., at New
York, and at Quebec it was 12 per cent.
The Mercantile Markets were flat to-day, and at the
Tea sales about 13,000 packages passed, of which not
more than one-fifth were taken. Prices were,
however, ld. per lb. higher. The sales will termi-
nate to-morrow. It is stated in the accounts received
to-day from New York that 14,000 chests of tea were
destroyed there by the two fires which had occurred
before the sailing of the packet.
The Stock Market left off extremely flat this after-
noon. It is said that the present Account, to be settled
next Thursday, is a Bull and not a Bear Account, as
has been anticipated. Consols for Money and Account
closed this afternoon at 90-1. and for April at 91 sel-
lers. Exchequer Bills advanced to 5 prem. this after-
noon, but India Bonds were heavy at about par.
The Market was heavy to-day for Portuguese Stock ;
the Five per Cents. left off at 34 ; the Three per Cents.
left off at 234 ; Spanish at 274 ; Dutch Two-aml-a-
Half per Cents. at 524 ; Colombian at 26, and Chilian
at 37*,
Shares closed rather more firm than they opened ;
the Great Western Railway Shares rose to 2} prem.,—
the New Ditto to If prem.; Brighton to 9i dis. ;
Manchester and Leeds to 11 prem. ; Midland Coun-
ties to 15 dis. ; and York and North Midland to 101
11i prem. ; Colonial Bank Shares are at 74 prem. ;
London and Westminster at 4} prem., and Assam
Shares at dis.

DEATH OF SIR ROBERT STEELE.—Colonel
Sir Robert Steely, Knt., K. C. S., Deputy• Lieutenant of Dor-
set, expired in Paris on the 17th instant.

•
ROBBERY OF JEWELLERY, &c.—Betwixt Sa-
turday night and Sunday morning, the shop of Mr. Muirhead,
jeweller, Nelson-street, was broken into, and jewellery to the
♦alue of 4001. was stolen. A man was transported last year for
robbing Mr. Muirhead's shop when in Exchange-square ; but
the booty this time is incomparably more valuable. We un-
derstand that the watches left for the purpose of being repaired
were beyond the reach of the depredators, being, as customary,
properly secured. The police are not without hope of securing
the thieves.—Scottish Guardian.

LIVERPOOL STEEPLE-CHASE.---The betting
on this great national event, which has hitherto not been over
brisk, now begins to assume a business-like appearance. Lot-
tery, the winner of the Chase last year, still holds his rank of
first favourite, with increased claims to patronage, for, in addi-
tion to other victories in the early part of this season, he carried
off the prize at Dunchurch, the week before last, in gallant
style, beating several horses of great celebrity in this descrip-
tion of racing. It is admitted, on all hands, that the Steeple
Chase of last year eclipsed everything of the sort in this quarter,
and we have strong reason to believe that the forthcoming one
will at least keep pace in attraction. The town is expected to
be crowded with fashionables and persons from a distance.
Thursday, the sth of March„ is the day fixed. The betting is
5 to 4 agst Lottery (tkn) ; 7 to 1 agst The Nun ; 10 to 1 agst
Seventy-four.
Some of the new apartments recently fitted up in
Buckingham Palace, and especially devoted to Prince Albert,
are furnished with the most scrupulous attention to taste and
eomfort. Every portion of the arrang
ements display the cor-
rect judgment for general effect which is so characteristic of
her Majesty. It is a curious fact, and one in every way worthy
of her Majesty, that all the patterns of chintzes, and other
urniture, embody the emblem of England—the rose.
BRISTOL SUGAR MARKET, FEB. 21.—Very
little business has been transacted this week. The demand
continues good, but the buyers cannot suit themselves in the
present state of our market. The fullest prices have been ob-
tained for the few sales effected.—Bristol Mercury.