The Sun.
London, England, 1841-06-02 00:00:00

MO
SPIRIT of the PUBLIC JOURNALS

NING EDITION

711031 THE DAILY PAPERS OF YESTERDAY.

CHRONICLE.—We have elsewhere inserted a copy
of a letter from Commodore Napier to Admiral Stop-
ford. On the supposition that Sir Robert Stopford made
the speech attributed to him, we are at a loss to under-
stand what he means by saying that Commodore Napier
arrogated to himself the whole credit of the Syrian cam-
paign. It is praise enough for any officer in command,
that he conducted operations in which the most splendid
results were obtained by slender means. It cannot, surely,
detract from the merit of a leader, that the officers and
men under his command behaved with the utmost gal-
lantry, and Sir Charles Napier would only prove himself
an arrant fool were he to refuse this justice to them.
Does Admiral Stopford mean to say that Commodore
Napier has taken credit to himself for actions of which
the merit is due to others, or that he has withheld from
meritorious officers the praise to which they were entitled ?
The Commodore is the last man whom we should sus-
pect of any such meanness. Such conduct is, indeed,
foreign to the nature of a gallant and spirited officer
like Commodore Napier. A pedant of antiquity thought
he detracted from the fame of Alexander and
Julius Caesar, by observing that they could not
have gained victories without armies. Does any
one suppose, like this pedant, that Sir Charles Napier
loses in reputation, because he could not, by his own
unaided personal exertions, have routed the Egyptians ?
But although we can see no ground for supposinc, Sir
Charles Napier so foolish as to attribute to himself alone
results which he could only obtain through the able man-
mer in which he was seconded, we think we can see in
these murmurings of Admiral Stopford, the outbreakings
of a jealousy which it would have been more to his ho-
nour to have suppressed. Age has its weaknesses, and
one of the usual weaknesses of acre is excessive caution.
We have no wish to go into the history of what prece-
ded the taking of Acre ; but we believe it is no secret,
that if the nature of the undertaking had not been more
correctly appreciated by others than by Sir Robert
Stopford, our navy would have been unable to boast of
one of the most wonderful achievements of modern times.

T I NIES. —Generally.speakine, the declarations of the present
Government are to be interpreted' in a sense exactly the oppo-
site of what their language would seem to convey. Thus,
among the various tokens of frankpledge whereby they have
bound themselves to give suit and service to Radicalism, in
acknowledgment of the dependent and conditional tenure under
which their offices are held, it will be found that their ready
submission to those exactions has always been in precise pro-
portion to the violence with which they had previously opposed
them. Thus, at the last general election, when the Whigs
lousily professed to denounce the Papineau faction in Canada,
then bordering en rebellion, they positively prohibited a mode-
rate supporter of theirs from contesting the city of Bath, for
fear of endangering the election of Mr. Roebuck, the
paid agent of the Papineau faction. Thus, at the
same period, while busily preparing to despatch a large rein-
for,:ement of troops for the purpose of suppressing an antici-
pated insurrection, several of the Ministers actually voted at
the Middlesex poll in favour of that noted patriot Mr. Hume,
who had done everything in his power to stimulate the Cana-
dians " to throw off the baleful domination of the mother
country." Thus, too, Lord Melbourne proclaimed to the
House of Peers that any proposal to alter the Corn-laws would
be " absolute insanity ; ' and yet, a few months afterwards, his
Lordship proposes the very alteration which he had so empha-
tically condemned. Thus, again, Lord John Russell addresses
a letter to the electors of Stroud expressive of his hostility to
secret voting, and of his determined adherence to the Reform
Act as a final settlement of the franchise ; but, not content with
making the Ballot an open question, almost at the next Cabi-
net meetir,g thereafter, the wayward Lord commences the pre-
sent Session of Parliament by insisting that the Represen •
tation of Ireland shall be handed over to a new constitu-
ency of five-pounders, and that henceforth the rate-pay-
ing clauses in the English Reform Bill shall be vir-
tually reduced to a nullity. With such proofs, therefore, of
the very accommodating and ambiguous character of Whig-
Radical professions, we are anything but surprised to find that
Mr. Ingham of South Shields, anxious that the success of Sir
R. Peel's motion shall, if possible, be realised in a form some-
what different from that which certain calculators have counted
on, has once more arrayed his self-importance on the side of
his fellow-shuffiers in office ; and in so doing has publicly
hung a millstone about his neck, which, with all his fancied
buoyancy, must eventually sink him. This miniature com-
pound of twaddle and tergiversation, albeit generally passing
fsr an agreeable little fellow, has certainly attracted a larger
share of public contempt than gentlemen of his calibre can
usually contrive to earn. Perha;:s, with a juster estimate of
his own weight than of the supposed equipoise of parties in
the approaching division, Mr. Ingham covets the distinction of
being the eccentric atom who,e defection from the Conserva-
tive mass is meant to be the arbiter of Ministerial preponde-
rance—the almost impalpable dust that gives a hair's-breadth
turn to the scale.

HER. LD. —We had no opportunity, yesterday, from the
press of various matter, to claim, especially, the attention of the
pub! c to a very remarkable Parliamentary Paper, which we
published in yesterday's Herald, entitled " An Account of
Money received from the Trustees of Savings Banks by the
CoMmissioners for the Reduction of the National Debt, 'erre."
The results exhibited by this paper, astonishing as they are
in themselves, are enhanced in political importance and pre-
sent interest by the ill-advised allusions occurring in the debate
on the Chancellor of the Exchequer's memorable " budget," to
what measures it " might be" his decision—or rather his alter-
native to resort, in relation to the deposits of these savings
banks. We feel all the delicacy—we might almost say the
inexpedieney—of dealing with a question which turns on an
hypothesis that was announced by the Right Hon. Gen-
tleman himself as one nut likely to be resorted to ; or resorted
to only under the pressure of an inevitable extremity. We are
fully inc tiled to believe that the Right Hon. Gentleman did
not, and does not, seriously contemplate any temporary appro-
priation from the funds of these banks, in the hands of the
Government, towards making good that deficiency of the pub-
lic income which has been now silently, but rapidly, growing
upon us during the last three or four years. So far, therefore,
as our own opinions go, we are happy to express our disbelief
that the Chancellor of the Exchequer will avail himself of a re-
source, to which he could apply only in the face of those con-
stitutional and political consequences, the peril of which was
forcibly pressed upon him in the debate alluded to by Mr. Her-
ries. A correspondent, who addresses us under very great ap-
prehensions on this subject, asks us by what authority the
Chancellor of the Exchequer can take the vast sum
declared to be due to the trustees of savings banks on the 20th
November last (26,000,0001. and upwards), or any part of it,
cut or the hands of the Commissioners; whether these latter
do not hold such moneys on trust for the depositors; whether
these moneys could be 'legally taken up on loan, without their
consent, &c. We fear that the short answer to most of these
questions is. to remind our correspondent of Blackstone's de-
finition of the functions of Parliament, and of his much dis-
puted doctrine, after Sir Edward Coke, of its omnipotence.
Besides, our correspondent's reasoning on the contingency of
any Government which should venture on the exercise of so
enormous a power as this species of appropriation would be,
" a power which it would be wrong to trust to any Minister"
(according to the admission of Mr. Baring himself), obtaining
subsequently a Bill of Indemnity, is almost sufficient tosdeter-
mine his own doubts. They would be reluctant, indeed, to
challenge a release which Parliament would be so little likely
to grant them.
OST.—There cannot be greater effrontery of misrepre-
sentation than that which seeks to excuse the present Ministe-
rial tenacity of office on the ground of precedent. It is said
that. Mr. Pitt, in 1784, and Sir Robert Peel, in 1835, acted
as the present Ministers are acting. This is not true. There
is no such simitiarity in the cases as can justify the assertion.
In 1784 and in 1835 the newly-appointed Ministers were
on trial before the public. They did not persist in holding
office after having lost that confidence of the House of Com-
mons which was requisite in order to carry the measures which
they deemed essential to the public welfare. They were at the
commencement of their career, and they were bound in duty to
the respective Sovereigns who had appointed them, to wait for
a short time, in the hope of bringing over the House of Commons
to their views. Mr. Pitt succeeded in this, and was enabled
to Continue in office. Sir R. Peel, having called a new Par-
liament before he met the House as Minister, and finding after
a short time that there was no probability that he could carry
in the House of Commons measures which he deemed essen-
tial to the public welfare, resigned his office. He only waited
as long as it was necessary for a new Minister to wait, in order
to ascertain whether he could carry on the business with which
it had pleased the Sovereign to entrust him, or not. The dif-
ference between the case of a new Administration seeking to
establish itself in the confidence of the House of Commons,
and an Administration of some years' standing which has
gradually lost the confidence of that House, is palpable and
most important. The one case is that of a reasonable
attempt to justify the Sovereign's choice in the eyes
of Parliament, and of the public. The other is an
impudent attempt to hold office in contempt of the judgment
to which Parliament has deliberately and after long experience
come. It is also a reckless disregard of the public welfare for
Ministers, rather than sacrifice their places, to abandon the ad-
vocacy of measures which they declare to be of essential im-
portance to the public welfare. and adopt other measures
which they had stigmatized as injurious. Did Mr. Pitt offer
at any time to accept the India Bill of Mr. Fox, because the
first proposition of his own was rejected by the House of
Commons ? Did Sir R. Peel offer to appropriate the revenues
of the Church in Ireland to secular purposes, because the Op-
position carried a resolution that they ought so to be appro-
priated? No; neither of these Ministers sought to remain
an office upon such terms. But the present Ministers,
after having attacked the duties on foreign sugar as impolitic—
after having drawn very frightful pictures of the distress of the
people in some districts—and after venturing to ascribe these
distresses to the existing duties on sugar, have come forward to
propose these very duties, because they have so far lost the con-
fi -fence of the House of Commons that they cannot carry in
that House the r ew scale of duties which they proposed. The
question now before the country is one of plain, practical uti-
lity, and so Sir R. Peel has very proeerly put it to the consi-
deration of the House of Commons.
GLOBE.--;-:If the Tories cannot contrive to get up Pro-
Corn-law meetings, they can at least garble the reports
of the meetings which take place, and which. they
intended should have been Pro-Corn-law meeting., They
can 'disfigure the offspring of Liberalism, " like gypsies—
to makeit pass for their own." We extract the follow-
ing specimen from last night's Standard :
" TAIE CORN-LAW MOVEMENT.—The counties of Roe-
common and Galway have met for the purpose of record-
ing their prbtest against the ministerial fixed duty
scheme. he Galway meeting was presided over by the
Roman Catholic High Sheriff of the county, and his con-
duct throughout is described as being above all praise."
This paragraph is intended to convey to the Stan-
dard's readers, that meetings protesting against " the
Ministerial fixed duty scheme," having actually been
bell in the above two counties ; and that even a Roman
Catholic High Sheriff has headed the " Protestants."
This would have been a godsend to the Stan-
dard's party, -it it had taken place ; and the mere
fact that it did not, is not permitted to deprive
them of its benefit. What are we to think
of the state of a party whose pious organs (doubt-
less with great violence to their well-known con-
scientious veracity) are capable of publishing the above
quoted paragraph respecting meetings, at one of which
(the Galway meeting) the following resolutions were
carried by a vast majority :
" That we consider the present fluctuating scale of
duties on foreign grain objectionable, as it has been
found, by experience, to cause great uncertainty of
prices, and to enable mischievous speculators and mono-
polists to enjoy the profits which should belong to the
producer ; and that we therefore approve of the principle
of. a fixed protective duty, now proposed by her Majes-
Ws Government, without pledging ourselves to the
ardemit.Cf:diity suggested as an adequate protection.
T)l4t Nve feet bound to express, not only our confi-
dinenacna:vinsl947"feinntiei:al policy of the Government, but also,
fits cotiGi6d" layntzerir, osiyirstegrinaotiityde for the many bene-
administration in this
country." •
At the Roscommon meeting a resolution was carried for
embodying the sense of the meeting in the form of a pe-

tition to both Houses of Parliament in favour or the
Ministerial proposition in regard to corn, -which was signed
by the High Sheriff on the part of tb,e meeting. The
indignant reader will naturally ask wh at possible p retext
the Tory organ could have for falsifying the ref ort of
two county meetings. The Duke of Wellington's
old opinion that county meetings are a farce will scarce
justify it. That TOry veracity is a farce is a conclusion
which many may come to, when they find a journal
which piques itself on high sanctity practising such low
artifice. .

STANDARD.—The pressure of political affairs upon
our attention, and the difficulty in the present excited
state of the public mind, of drawing attention to any but
the one absorbing topic,. have hitherto prevented us from
noticing, with the reprobation it deserves, the whole-
sale murder of no fewer than sixteen British subjects by
a portion of the crew of the American emigrant ship
William Brown. A case of more frightful atrocity has
rarely, if ever, come to our knowledge. From the
details which have already been published in our
columns, it appears that the above-named vessel,
freighted with British emigrants, and bound from
Liverpool to Philadelphia, encountered an iceberg on
the 19th of April last, in 43 degrees 39 minutes
latitude N., and 49 degrees 39 minutes longitude W.,
from the effects of her collision with which she sank two
hours afterwards. Before she went down, the captain,
mate, a lady, and five sailors, had contived to get
afloat in the jolly-boat ; and the second mate,
eight of the crew, and thirty-three of the pas-
sengers had embarked in the long-boat. Three-
and-twenty souls perished with the ship. The fate of
the selfish and dastardly captain, who would only re-
ceive as many hands into the jolly-boat as were neces-
sary to man her, is not known. He bore off for New-
foundland, and is supposed to have perished with all
on board. The long-boat still remained ; but the
ruffians who had the management of her, finding
that she made her way very slowly through the
water, "consulted together," and came to the resolu-
tion of murdering no fewer than sixteen of their
passengers for the purpose of relieving her; so that, as
the leading miscreant coolly says, "on counting our
"passengers sixteen were found missing," that number,
chiefly helpless women and children, having been thrown
overboard ! These diabolical wretches have since at-
tempted to justify their conduct by affirming that most of
the passengers were nearly dead from cold and exhaus-
tion ; but if such had been the case, it would only
have aggravated their crime. One little child, we are
told, begged of its murderers to be permitted to say his
prayers before he was consigned to the deep, but
was savagely refused, and was one of their earliest
victims. The survivors, consisting of a few women
and the assassins, were relieved the next morning by
the Crescent packet-ship, from Havre de Grace ; to
which port they were subsequently conveyed. In-
stead, however, of detaining these villains, to
take their trial for murder, the American and Eng-
lish Consuls, after having examined them privately,
are said to have discharged them without even a re-
primand. The name of the English Consul is Gordon ;
that of the American Beasley. Nay, so tender-hearted
were these philanthropic gentlemen towards these
merciless miscreants, that they actually sent them
away with written certificates that they had
not been guilty of any act " deserving of censure." We
have not words at our command wherewith to charac-
terise such conduct.

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF YESTERDAY.

POST.—The Chancery broker made sales to-day of Con-
sols to the amount of about 100,0001., said to be preparatory
to the distribution of a dividend advertised on the estate of
Messrs. Hammersley and Co. Part of the sum was placed at
90, and part at the less favourable price of 89i. A purchase
was, on the other hand, made by a leading broker of some
20,0001. or 30,0001. in the New Three-and-a-Half per Cent.
Annuities. With the exception of these isolated transactions,
the business of the day was not important. Money was less
easy than it has been, a change that is believed to have been
produced by the reports in circulation respecting the French
loan, M Humann being, it is said, disposed to dip somewhat
unsparingly into the pockets of our capitalists for the supplies
needed by him in order to meet the increased expenditure
brought on by his predecessor, M. Thiers. The rates given
on the deposit of Government securities, ranged between 5 and
7 per cent. per annum.
The announcement contained in the French Papers, of au-
thority having been given by the Chambers to the Minister of
Finance to negotiate a loan for 458 millions of francs, has made
no very great impression in the City. The amount, however,
is large (18,000,000/ sterling) and, as M. Humann notoriously
calculates a good deal on the support he may derive from the
capitalists of this country, we quite agree with the Morning
Chronicle in the opinion that the matter is one which calls for
the most vigilant attention on the part of the Bank of England..
The Bank, as was shown by the returns published on Friday
of the averages of her liabilities and assets, and upon which
we have made some comments, is coming round again, though
but very slowly, her present supply of bullion for all purposes,
including the demand upon her numerous branches in the
country, being but little more than five millions of pounds. The
exchanges on the Continent have been restored to their
just equilibrium, and, after a long interval of depression,
there was a probability, now that prices have been
reduced to a salutary standard, of a more active ex-
port trade for the present season than our manufacturers have
experienced for years. The huge French loan affair is, ac-
cordingly, to be regarded as an exceedingly untoward one. It
could not have been brought forward at a less auspicious mo-
ment, either for the borrowing Government or for this coun-
try. The Chronicle doubts the success of the French Mi-
nister in any attempt he may make to obtain a portion of the
amount on this side the Channel. The ground of our Con-
temporary's doubt is not apparent. He merely alludes to " ex-
isting circumstances," as not propitious for such an operation,
without going at all into particulars. It is felt, we suppose,
that our capitalists have suffered so extensively by their
foreign loan transactions as to have rendered it unlikely
they will venture materially further ; and it may be
imagined also that the Bank Directors are in too
cramped a position to extend the necessary accom-
modation to parties desirous of participating in the French con-
tract. Our own impressions differ considerably from those of
our Contemporary. We are clearly of opinion that a large
amount of the new creation of stock must find its way into the
London market. The Brazilian and the Belgian loans have
not been declined on the pretext that the Governments of the
two countries were too much burdened with debt, and that
Spain acd Portugal had shown so wanton a disregard of their
public engagements. If Brazil has not got all she wanted, it
was owing to the personal displeasure of one individual
who had claims to make on the empire in connection
with Portugal, and not from any general distrust of her
resources. It can hardly happen, then, that the prof-
fered securities of an honourable and perfectly solid
and trustworthy nation like France will be rejected by
those whe have a command of funds with which to make in-
vestments in them. It is said, indeed, that parties connected
with the Stock Exchange have already been making arrange..
ments for the purpose, and that the heaviness of the markets
to which we have adverted above, is ascribable almost to this
circumstance alone.

A rumour was prevalent that the next outward East India
overland mail will be detained at i%ialta by Government, in
order to afford time to Sir Henry Pottinger to receive the
latest instructions after the arrival of the next despatches from
China by the same route, and which may be looked for between
the sth and 10th of the ensuing month of June. We do not at
all vouch for the accuracy of the report.
TIMES.—The statement that all the stock belonging to
Harnmersley's bank had been sold, which was current in the
City on Saturday, does not appear, on further inquiry, to have
been quite correct, as the last sale seems to have taken place
to-day. So far, it was true, that by far the greater part of
the stock was already sold, but a sale to-day, by the Court of
Chancery of 70,0001., or thereabouts, is said to include the
remainder.

The very small impression—if impression it can be called—
which the announcement respecting the French loan has made
in the money market in this country, is a clear indication of
the state of the public mind at the present moment with re-
spect to foreign investments. All distinctions between fo-
reign countries, all preference for the securities of
one over those of another, seem to have ceased, and canitalists
appear completely to have given up the thought of looking to
any of their funds as a means of investment. To such a pitch
is this apathy, or caution (whichever it may be), carried, that
if a sale to any extent is made of a foreign stock by a bong fide
holder, the jobber is almost as a matter of course obliged 'to
seek a purchaser in a foreign country before he can it.
Under such circumstances it is expected that the Fre-nch loan,
when it actually makes its appearance, will take very little
money out of this country, while means of disposing of it on the
Continent are at hand from the payments for foreign corn
that have from time to time been made by us. Besides,
the European countries are said to be much snore disposed
to hold each other's stock than we are to take any of them,
and Dutch and Russian securities are much spiead over
Europe. A comparison with the eagerness with which foreign
luaus were entered upon some years ago, contrasted with the
present indifference, might seem to argue a want of weeth
in this metropolis, especially when the stocks are raised by
those nations that have not forfeited public credit. The
solution given, however, by persons most experienced in the
movements of individual capital,,is the great increase in rail-
roads, in which, as into a natural channel, money seems gradu-
ally to be finding its way. The diversion of capital into this
domestic investment does not appear to have been sudden, but
the purchases have gradually become more numerous, and are
still progressing.
pst
hurCeep
supposed
s eiroßennOdcaNht
that
yll:CeattLtahhEahe .sa—sb
loanecT hea
,uw:soeielnaixl
byp eaethrei
miet evai
croduct ion into the market of
bu;seutitthies
secondly,ndeo-t
because it is considered that it will be
heaviness in
o eis
innt fhe ae
funds,tiba et
ce ad
Y offered in instalments
h aba
itspace
hoe ltohonkeed;
cdai sutsreibiut tiesd
noovte r
believed
t
d e:
uanpodn, thfaivrdoluyr,abbel-
in the London Market, unless there should be
a very conside-
rable fall in the French Renter. The Bank of England will
look upon it with a repulsive eye, and, by keepingtight,
endeavour money
endeavour to prevent their gold from being taken away for such
a PorPse.

Deaf persons, and those who are sliffhtly dull
of hearing, and find a difficulty to catch the sound of/ distant low
fitted.i
speaker at a public assembly, will find a most astonisling advantage
from the use of the Messrs. S. and B. Solomons' newly vented
into invisible operative Voice Conductor, which, wh .n the
cavity of the ear is so small, not the least perceptible, nor m
airnevseonnitiounc,hnoimt
improved by
tthie,ehireysien:gst ex_
comfortable than having a piece of wool in its place. By tohr? un-
cotramoredacinuartye,
I:udt theval ears arc
individuals, in a great number of instances, can hear ino,4 dis-
tinctly without them. It will therefore be seen that persons do
not incur any constant habit of being compelle,i at ail times to
make use of them, and in consequence of the numerous individuals
having been altogether relieved from deafness, they have become in
general use. The Messrs. Solomons' newly invented Spectacle
Lenses immediately they are placed before very aged and imperfect
eyesight, either by day or candlelight, every object becomes clear and
distinct, and the most minute particle is seen with exact distinct.
ness. Their valuable improvements in the material are secrets to
themselves, and are solely confined to their establishments, no,
Albemarle-street, Piccadilly, opposite the York Hotel, and 76,
King Williarn-street, City.
FATAL ACCIDENT ON THE RIVER THAMES.
—Two LIVES Losx.—Monday evening, between six and
seven o'clock, a deplorable accident occurred on the river
Thames, off Wandsworth Meadows, by which two young men,
named William Shield and Richard Carpenter, both linen-
drapers' assistants, were drowned. A party of young men,
including the above, were returning, from Richmond, where
they had been spending the day ; on arriving off Wandsworth
Meadows, all being partly inebriated, it was proposed by some
to have a bathe in the river, which was agreed to. Shield
and Carpenter undressed, and plunged into the river, the others
rowing about, when Carpenter being seized with cramp, called.
to his friend for assistance, in rendering which he must. have:
been fastened on by Carpenter, and bath were drowned before
those in the boat could render any kind of assistance. Neither
of the bodies his been reeovezed.