The Sun.
London, England, 1840-04-02 00:00:00

CORN LAWS

MONEY MARKET and CITY NEWS

d—rr i
eaasbTecl leh :V:
loans
nestNe?ffivocbet.tii)ksto.
Istfniii7ai
thewrui r
rumour
Fastel
considerable
nEas
at
ISdnpe.(Yews A CORRESPONDENT.)
LIVERPOOL—WEENESDAY.
edEttazet ctiihngi
iatent, gpi eat
Trt:hhi
:ails; '
This morning a Meeting of the Town Council was held in
the Town Hall, Joshua Walmesley, Esq., Mayor, in the Chair,
one of the objects of which was to take into consideratiot_iotrhne
I propriety of petitioning the Legislature to repeal the C -
fully account for the easiness of money which has IMO
prevailed, and for which, as yet, no satisfactory reason has Alt. HoncsoN contended that the Council ought not to in-
been given. Consols left of at gOl (buyers) for money, terfere in national questions, and that its duty solely consisted
and 904 (buyers) for the account, hits been sellers at in attending to the interests of the borough.
both these prices up to a late period of the eq. As this Mr. Alderman SHMI, triumphantly refuted this position, and
rise, slight as it was, could not be attributed fo fin;; Or: showed that the present Corn-laws, by injuring the manufac-
a, .tri-tife. interests of this country, very materia ly jeopardised the
chases, it was regarded with some surprise by the jobbe ~.ilfti,q. of this port. Our trade was decreasing, because we
though, perhaps, the real cause may be found in the loans
refused id friite: corn from those who had it to spare; and, what
from the source above-mentioned, At all events money is
still so
chequereaßsyillsafsultloy
mbaeintthaeinsutbhjeeicrt
pdrifcetsetnotarilt,3,antdo :ox.: was worse, thow nations had commenced manufacturing not
only articles of apparel but machinery. In Zurich there was
an establishment which consumed five tons of iron a day in
premium. fi?aliiq' machinery ; and at Liege another, at which 4,000
liatidi *ere fegularly employed. He also showed, from his own
experience, that hosiery and cutlery might be imported into

SUN.—There was an arrival this afternoon from Rio
de Janeiro, with papers to the 14th of Jan. inclusive.
The political news communicated in them is not of
importance, if we except a report prevalent at Rio
that General Lavailliere had been defeated with his
troops in two engagements. The Exchange on Lon-
don was 314. ; the Funds had been very heavy, in con-
sequence of a reported new loan, but as this proved to
be unfounded, they subsequently improved to 71 and
73. The stock of Coffee at Rio was 12,000 bags; the
sales had been moderate.
The plentifulness of money has at length operated
in producing a slight advance in Consols, which were
quoted just before the close of the business 90i 4 for
Money, and 903 1 for Time. Exchequer were last
done at 20s. premium.
Spanish Stock was heavy this afternoon, and roceded
in value from 271 to 27i, Portuguese New Five per
Cents. brought 341, and Columbian 251 to s, Dutch
Two-and-a-Half per Cents. were at 531 to.
The Railway Shares were more dealt in, but with-
out much variation in prices. The Birmingham were
marked 641 to 65, the North Midland New 8„ and
Great Western New h premium, Greenwich 111 dis-
count, and the North Midland 3* discount. London
and Westminster Bank Shares were at 24 premium,
and National Provincial Bank of England at dis-
count.

POLITICAL SUMMARY OF THE
MORNING JOIRNALS.

these effects, and therefore he
this country 20 per cent, cheaper than they could be bought at
proposed a petition to Parlia-
Nottingham Ana Slie,Teld, The Corn-laws had produced
nte..t for their repeal.
Mr: Alderman HOLT seconded the motion.
Air. Wd. RATI-111011E proved that woollen chlit, matirkate,
tured in Germany, could be had at Hull for 12s. 3d. per yard`,
whilst at Leeds it would cost Tee, Unless the present syetero
were altered, whatever official people is- ht say, the trade of
the country would go, and not return.
Mr. Wm. WALLACE CuRRIE said he supported the petition
hedattse It ea led the attention of the Legislature to the peweral
evils avising tram the Corn-laws. Their effect on the poor pt.
pulation could :caret,l7 be conceived.
Mr. BOLTON mentioned file Lord Sandan, the Conservative
Member for the borough. W., change in the sys-
tem, and that a great many others *ere of 1,45, Lordship's way
of thinking.
Mr. Alderman BI,AcKBURNE ably supported the petition.
Mr. BusuELL (a Tory) opposed it on the same grounds as
Mr. Hodgson.
Mr. YATES replied to the last tree4er, and then the petition
was adopted without a division.
It will be presented, on an early evening, b 7 Loyd, Sandon.

The Times of this morning, speaking of the financial
accounts lately moved for by Mr. Herries, in the House cl
Commons, observes :—" But we have selected, as a spe-
cimen of the information afforded by them, a statement o
the surplus of income during the last four years of a Tory
Government (the Duke of Wellington having resigned in
November, 1S30), and of the deficiency of income during
the years ending on the sth of January, 1838, 1839, _and
1840. We find that, without taking into consideration
the probable addition to the deficiency for 1841 to be occa.
sioned by the Chinese war, the deficit for those three years,
i-h the estimated loss on the Post-office for the year
ending on the sth of January, 1841, amounts to more
than 3,600,0001., while the surplus for the four years
ending on the sth of January, 1830, amounted to
more than 9,700,0001!"—The Morning Advertiser
remarks, with reference to the Corn•law question,
that it is a cause " which can alone be furthered by
union as well rs energy, by incessant and elaborate
elucidation of its ramified and national merits ; and, as
regards the millions, by such positive proofs of their in-
terest in the matter, and of the good faith and sympathy
towards them of those who lead in the movement, as may
ensure from high and low, rich and poor, a cordial, zealous,
determined, at-d united effort to break the fetters of the
vilest monopoly which ever fastened its withering grasp on
the vigour of industry, and the vitality of national weal.
Every member of the Government we find with great pleasure
in the Lower House will vote for inquiry."—TheMornieg
Chronicle thus alludes to Mr. Villiers's speech on the Corn-
laws last night in the Housed Commons : —"Mr. Villiers was
very successful in showing that the Corn-laws were inju-
rious to all the productive classes, and in the long run to
the landlords themselves. In the case case of the farmers,
when prices are moderate the cry of agricultural distress
is heard in every quarter. When prices are high, again,
the labourers, who can barely exist on their low wages in
years of agricultural distress, suffer the most dreadful pri-
vations. The manufacturers and merchants, again, arc
most injuriously affected by the revolutions caused by a
sudden and irregular demand for corn from foreigners;
and Mr. Villiers adduced abundant evidence to show how
much our commerce with America suffered by the derange-
ment of our currency caused by the Corn-laws."—
The Morning Herald remarks, in the course of a lead-
ing article on the religiotis state of our colonies :
" The requisition, which appeared in yesterday's Herald.
from the leading merchants, bankers, and traders of the
city of London to the Lord Mayor, to hold a public meet-
ing to consider the religious destitution of the colonies,'
is so numerously and respectably signed as almost to pre-
clude the propriety of calling the attention of our readers
to this important subject. It does infinite honour to the
principles and patriotiim of those who originated this ad-
dress. We have 110 doubt the meeting at the Egyptian
Hall, on Wednesday, the Bth of April, will be worthy its
momentous object. It has too long been the reproach of
this great commercial country, that we have overlooked or
neglected those duties which Providence has imposed on
tly3 by conferring this commercial superiority over other
nations."