The Sun.
London, England, 1840-07-10 00:00:00

EVENING ED

'~_ f--~

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was to agree to what the House of Commons had dater.
mined upon, and to do no more. There are many who
niarge upon the value of unanimit• in the passing of such
a measure as the Canada Bill. We admit the value of
unanimity ; but there is a right way of arriving at such
unaohnity and a wrong way. A weak and indolent aqui-
eacence, a fearful and insincere assent, is not a desirable
sort of unanimity. It certainly was the business of Go-
vernment to take all the care it possibly could in framing a
measure for the government of Canada—to frame it so as
to ensure the general consent, as far as that might be po,
sible of both /louses of Parliament. But of the Upter
House of Parliament the Government appears, in this la.
stance, to have made no account at all.

( From the Morning Herald.)
We belieic the attempt to unite the Cauadas will be
attettded with the most disastrous results. It is, therefore,
to be resisted to the uttermust. But if the tendcaey of
the in, asure were different ; if the maintenance of British
ascendancy in the Canadas demanded the adoption of sticsle
a plan, we should be slow to admit that the feelings of the
French Canadians ought, in the circumstances of the case,
tq be admitted as a bar to the natural course of British im_
perial policy. True, the French Canadians were in 1781
guaranteed the enjoyment of certain privileges and
immunities. But no less true is it, that the French Ca.
naikris have themselves striven to subvert the autho.
rite of tholse laws under which their political rights were,
originally, secured to them. The French Canadians have
rebelled against the supremacy of England. They base
failed in their appeal to arms. They no longer, therefor*,
stand in their original position as claimants under the law,
of certain definite political lights. Had they succeeded in
their treasonable a:i.crupt, the right of supremacy enjoyed
by F:,gland would have been violated. Having failed, the
French Canadians may scarcely expect that their priv-
leges shall escape from the effects of the shock which
themselves provoked. They wantonly broke their 'Com-
pact sith Great Britain. From that moment, Great Bri.,
tain \l as left free to adopt the course of policy nest con-
genial to the advancement of exclusively Britisi interests.

CORONATION OF THE KING AN])

QUEEN OF DENMARK.

The Copenhagen Gazette furnishes us with the follo►c-
in; account of the coronation of the King and Queen of
Denmark, on Sunday, June 28 :

" The ceremony was performed in the Chapel Royal at
Friedrieksbord, where their Majesties on the preceding
evening received the Saerement of the Last Supper, and
the King held a chapter of the Order of the Elephant, and
created several knights. In the morning of the day, the
bells ringing merry peals, the King was invested with the
coronation lobes, wearing the crown on his head, and went
o'clock to the Queen's apartments, and with his own
hand placed a crown on her head. Their Majesties
afterwards proceeded to their respective grand audience
climbers, and, ascending their thrones, received a large
circle. At a quarter before- twelve the Grand Master
of the ceremonies aenouneed that all was ready, and
their Majesties walked in procession to the chapel, all
the enti ances of the Palace being then shut, and remain.
ing so until the eeremeny was ended. The cortege was
composed of all the great officers of the State, and of their
.Nlajestics' households. The King and Queen each walked
under a dais or canopy, supported by four chevaliers cf the
Court. On entering the chapel, the King was received by
the Bishop of Z.etland, to whom the right of performing
the sacred office belongs, and the clergy, who conducted
his Meje-ty to his hrt.ne, and then returned to conduct the
Qie, nto her throne on the left of that of the King. At
hat!-past two the solemn service commenced with the
invocaten of the Holy Ghost; end whilst the choir was
chereing the verse ‘, Great God, thou art ever near us,"
the grand conservator of the archives of the kingdom de.
livered to the Bishop of Jutland, the phial of holy oil,
blessed by the Bishop of Zealand. The King then re-
set:red tire cesigus of royalty, which lie had laid upon
cushions nt the beginning of tee service, and knelt at the
altar while the grand chamberlain took from him
the croen, the asserd, and sceptre, and opened his
robes at the breast ; and the Bishop of Zealand
anointed him on the forehead, the breast, and the
wrist of the right hand. Thhi done, the King res.
stinted the icaignia, and returned to his throne. The Queen
next ure!erweet the seine ceremonies, except that she was
henointed on the breast and right hand only. She else
returned to her throne, makine a low reverence to the
ling, who in return saluted her by lowering the sceptre.
The Ceremony ended by a Te Deum, during which there
was a triple salvo of :27 shots fired, and the procession re.
tune d in the same order to the palace, where, in the
Queen'; apartments, a grand reception was given to the
corps diplontatique and the high functionaries of State,
who congratulated the Queen on her birth-day, which
happened to be the same day. At five o'clock there was
a rnAgnitieent banquet for their Majesties, the Princes of
the Blood, and Officers of State, during which the public
wore i.lloxed to circulate round the table. Fourteen din.
nor tables were set out in other halls of the palace, for the
other persons who had been present at the ceremony of the
coronation. is the evening there was a grand illumina-
tion et the public buildings, and a splendid display Qi fife-

AMOUNT OF BILLS OF EX-

CHANGE IN CIRCULATION.

( Frum a Pamphlet entitled " Letters on the Currency, to

-Charles Wood, Esq." Sze.)
I assigned to each stamp the amount of bill it will
cover, taking the medium, and not the highest amount
and I have supposed the average of bills drawn to be at
two months date, and the result is shown at each period.
If I take an average of all the. periods, the result is, the
amount of bills of exchange circulating at one time is
;0;247,549/.; but it I suppose the average date to be
three months, and divide the year's return by four instead
of six, which is nearer :he truth, the result is 102 millions
st:i iirg of bills out at one time in England and Scotland
f,rdy ; exclusive of Irish and foreign bills.
11 1 state the notes of the Bank at 16,732.00/., and
the Country Bankers, at 11,422,-1451., as returned in 12th
month last, with five milliens for Ireland and Scotland on.,
returned, I have the sum of upwards of 33 millions to
compare with 102 millions of bills of exchange, which I
expect to be much exceeded by the return of 1839.
The close connexion of bills with notes, and the Inc.,
tallic part of the currency, is proved beyond all doubt, for
when drawn and issued they cannot be honoured without
the intervention of bank notes or gold, provided for the
London bankers by the drawers, and often obtained to a
largo extent, through discount at the Bank and bill..
brokers. It was stated at the last meeting of Bank prt_
prictors, that forty millions sterling of these bills had been
turned into bank notes by discounting, during the last six
months of the past year, and if so, 1 may infer t'aiit a s'itnts
Lir amount, in addition, had been discounted by all the
other bill-brokers during the same space of time. What
occasioned the panic among the American merchants, in
1836, but the refusal of the Bank (no doubt rightly) to
continuo any longer to discount their bills, which caused,
many of the larger houses in England to stop payment,
and others to seek the aid of the Bank ? A house, in
Lancashire, was among the latter, who, at that time, I was
informed from good authority, had in circulation three
millions sterling of bills, at three months and four months'
date, paid for purchases of goods which were in danger of
dishonour, because the Bank had refused to discount, or
turn into bank notes, their remittances received from Ames
res to meet these bills-. I disc,unted many of these bills
f.:r merchants near me, to find wages for their vvorkrneri,
&o.

In the great panic of 1825 and 1826, what caused the
dishonour of thousands of Bills of Exchange but the'ini.
possibility of obtaining Bank notes or gold to meet them
when due? In fact, it was the derangement of this par( of
the currency (bills) which caused a large part of the evih
of that awful period, and aided in bringing the %M to
within twenty-four hours of stoppage.
The tact is, this enormous superstructure of Bills of
Exchange rests upon the base formed, by the amount "of
Bank notes and gold ; and when, 1!;y events, this basil,.
comes too much narrowed, its solidity and very existence
is endangered. If so, then., how are they to be separated
in any useful considet:dtion of the subject?
You cannot ',ndeed dare not, limit either the date or
amount bills of exchange in this commercial country ;
but you may improve the foundation on which they rest.
and strengthen the pivot on which they turn. It ii this
part of the currency that affects the exchangers, and en.
dangers, every three or four years, the existence of the
Bank of England, and not the extension or contraction, tia
the extent of one or two millions, of the notes of country
bankers.
We must add that William Leatham, hanker, of
Wakefield, Yorkshire, the author of the pamphlet,
and a'member of the Society of Friends, seems igno-
rant of the existence of Mr. Burgess's pamphlet,
publishtd, we believe, in 1826, which demonstratrA
the effects of bills of exchange on the currency, and
estimates their amount at that period, if orir me-
mory be correct, for we have not the pamr..blet at
hand to refer to, at upwards of 200,000,00 e/.

LONDON:
FRIDAY, JULY 10, 1840.

Ti.e Bislicrfa of EXETER seems haunted by the Catho-
liet as if he had done them a great injury. His con-
seienoe will not allow hies to re.st. Last night, in the
House of Lords ho inquired particularly abut an ordi-
nance respecting the monastery of San Sulpice
Canada, but Viscount MELBOURNE could give him no
ease. His Lordship had not received the despatch the
Right Rev. Prelate inquired about, and San Sulpice
will haunt him for some time to come.

On the report of the Canai,:a Government Bill being
further considered, the Duke of WELLINGTON moved
that the commencement of the Act should be postponed
for fifteen months. It would have been better to have
rejected the Bill. At any rate there is no use whatever
in now passing a measure in which circumstances,
we may be quite oertain, will make alterations
necessary before it comes into operation. More
kolish conduct we cannot imagine. It tantalizes
the Canadas with a show of freedom which it snatches
from their grasp. It must irritate, and cannot redress.
Had the Bill passed, the people would immediately
have begie to work it out after their own fashion ;
tit‘y ' we,uld have found means to mould it to their
wants ; but now they cannot act, they must go on suffer-
in4 under their present constitution, knowing all the
wile that at the end of fifteen months they mist begin
with another. Lord ELLENBOItOUGH suggested several
other amendments, which were not adopted, and after a
conversation the Report was agreed to, and the Bill
ordarod to be read a third time on Monday. Almost
every course which could be taken as to Canada is full
of peril ; but we believe the course which the House of
Peers has adopted, under the influence of the Duke of
WELLINGTON, is the most perilous. It deserves, at the
Caine time, to be noticed, that almost the only great
measure passed by the Legislature this Session, will be
for more than a year a complete nullity.
On the motion of the Earl of Wanwreic, the Re-
port of Mr. .I)nm:us, concerning the riot last year at
Birmingham, and some papers connected with it, were
ordered to be laid before the House. The Noble Earl,
with a pious disregard of himself and all his brother
Warwickshire Magistrates, declared that the safety of
Birmingham was owing to a special act of Providence.
We hope, since the Almighty has shown such favour to
the town of anvils, furnaces, and smoke, that it will be
spaPkril by the Corn-law-making landlords, who seem at
present inclined to effect that by famine which Provi-
dence prevented incendiaries from causing by fire.
Their Lordships adjourned at a Quarter-past Eight
o'Clock.

In the Commons, after the presentation of petitions,
Sir3J. Liortuntrsz stated, in reply to questions, that a
considerable sum of the East India Company's fund 3
were spent under the authority of the Secret Committee ;
Chat his had promised to lay an account of that expendi-
ture before the House, and, he believed, that before tl.e
Beat Session, a full explanation would be laid before the
Directors and before Parliament.
Mr. Hosts withdrew hit notice for a Committee to
inqui', into the operation of the Corn-laws on wages
Hes.tE brought under the notice of the House
and and the e...untry the fact which we mentioned two days
ago, that foteign sugar bad been admitted for home con-
sumption. The Hon. Member added that this
ar
was from Cuba and the Brazils, and was therefore slave-
grown sugar.
Mr. LABOUCUEZE admitted that some foreign sugar
bad paid duty and been admitted for home consump-
tion, but whether it was slave or free labour produce he
did not know. Most likely it was slave-grown produce,
which our present system is likely henceforth to en-
tonrag:_•.
After Lord JOHN RUSSELL had stated that he should
take the Supply to-day, and the Constabulary Bill on
Monday, the House went into a Committee on the
Ecclesiastical Duties and Revenues Bill. It again
()eel:Tie( • i •Irn House for a considerable part of the
-
earning, and several divisions took place on its clauses,
which left the Bill, however, as it was. The Bill went
through the Committee, some new clauses were added,
and the Report was ordered to be received.
On the motion to commit the Poor-law Commis.
sion Bill, Mr. BUM:OIIGUS moved chit it be an in-
struction to the Committee to authorize the Guardians
of the Pour to afksw widows with faniflies re;is.l out of 1
the poor-house. The motion occupied the House for
the remainder of the evening. Mr. BURROUGLIS. motion
was lost on s division, by GO to 34, sad the Bill went
through a Committee.
The House sat till a Quarter to ftvo.

Th,e Tory and High Church Journals, the
n!tra-Clergy in their pulpits, and the ultra-Peers in
tFeir paces in Parliament, continually denounce
111,-.! morality of the Catholic Writers and teachers.
Tite r.ritings of PETER DENS, and the class-
,ks of Muynoot'i, are standing topics of objur.