The Sun.
London, England, 1841-04-09 00:00:00

"TO THE EDITOR OF THE MORNING POST.

• ' " Copthall-buildings, April 8, 1841.
" Sir,—Having had my attention called to your observa-
tions in the City article of this days publication of the Morn-
ing Poet, and being,, as 1 believe, the only official assignee for
whom Mr. Wakefield, senior, Was a surety, I take the liberty
of addressing you. I beg you will insert in your next publica-
tion my most unqualified denial of the assumption that I (the
individual guaranteed) have placed any sum of money belonging
to the cieditats, on whose behalf I have been employed, in the
hands o fhlessrs. Wakefield. It is true they were my private ban lc-
ers; hut not one shilling have I ever paid into that account at all
connected with the bankruptcies under which I have acted, except
what has been awarded to me for my remuneration by the Corn-
ints4oners. I cannot but lament the failure of Messrs. Wakefield,
but of the cause which led to it I am wholly ignorant. Still more
do I, in common with the other official-Assignees, lament that one
of our body—l mean, of coarse, Mr. Abbot—should have be-
trayed his trust ; and I believe 1 am stating what is the ge-
neral feeling with the official assignees, that the more rigorous
the inquiry to be instituted into our accounts (although, at the
same time, I am at a loss to imagine any more stringent than
that pursued by the Commissioner under whom I have the
honour of acting) the greater satisfaction it will afford to us
all.--I am, Sir, your most obedient servant,
" WM. TURQU AND, Official Assignee."

Nothing sati,factory can yet be stated as to the steamer
President. The agents consider that she must have suf-
fered some damage in her machinery, and, in consequence,
have pUt back to Bermuda. Hdr supply of coals was
deemed adequate for a voyage of twenty-eight diys' du-
ration, so that there could have been no necessity for put-
ting int) Fayal for a further quantity. The vessel ha;,
perhaps, Pfter'all, been totally dismasted. Insurances are
said to have be ha done upon her to-day at a still higher
premium, namely, at f guireaS per cent.

SUN.—The Fun& closed firmly. Consols for
transfer realized 90 to 898, and for the Account 908
to 898. At the termination of business there was no
difference between the Money and Account prices, the
settling day being, in fact, very rear at hand.. Exche-
quer Bills realized 9g. to 12s. premium ; India Bonds
par to 2s. premium ; the New Three and-a-Half per
Cents: 981 to ; the Reduced Three per Cents. 881
to 89 ex-div. ; Bank Stock 169:11 to 1701 ex-div. ; and
India Stock for the Opening 253.
The Foreign Market was dull all day. Spanish
Active Bonds realized 23 to a ; Portuguese Nc.v Five
per Cents. 33g- to 8 ; Three per Cents. 1913- ; Mexican
Bonds 30 - to ; Colombian 224 ; Brazilian 694 ;
Bolgian 102 ; and Dutch Two-and-a-Half per Cents.
52 to 518.
The Share Market, although it has been somewhat
deficient in buoyancy, owing to the partial cessation of
speculation at Liverpool, has not yet shown any down-
ward ►endency, the following having been the more cur-
rent prices to-day. Brighton Railway Shares brought
4 to 41 dis. ; Eastern Counties 131 dis. ; Manchester
and Leeds 3 die. ; and South Eastern 15 dis. ; Lon•
don and Birmingham were 66 to 67 ; the New 22 ; the
South Western 171 ; the York and North Midl mud 30 ;
and Great Western 281 prem. ; London and West-
minster Bank New Shares were 21 prem.
The Foreign Exchanges were steady this afternoon,
all business usually transacted in them on the Friday
having been arranged this afternoon, in consequence of
the occurrence of the national holiday to-morrow.
Paper at three months' date was negotiatad on the
following terms :—Paris, 25f. 70c. ; Hamburgh, 13 9i ;
Frankfort, 150 ; Amsterdam, 12 4to ; Antwerp,
12 31 to ; and Trieste, 10 2to 3.
An unusual degree of excitement was produced to-
day in the Tt a market, by the receipt of news of the
re-opening of the trade with the Chinese, and the set-
tlement of the differences between this country and the
Celestial Authorities. As. might have been anticipated,
►.he value of Tea in the wholesale markets immediately
fell, and they must, it is thought, still go lower, as most
of the speculative holders must bring their stocks to
market. The losses that have been sustained by the
holders of Tea are very considerable. In other
branches of trade there has not been much life dis-
played this week. The Colonial Markets have closed
for the Easter holidays, West India, East India, and
other principal articles of produce remain at very
nearly the same prices as last week.

SPIRIT of the PUBLIC JOURNALS.

FROM THE MORNING PAPERS OF THIS DAT.
(From the Morning Chronicle )
It is preci4ely twelve months to-day since the House of '
Commons negatived the motion of Sir James Graham to
censure the conduct of Ministers in entering upon hostili-
ties with China. Few of our readers, we think, will deny
that the inteligence which we publish to-day, the 9th of
April, 1841, is an ample justification of the vote of the
9th of April, 1840. There is no country in the world in
which a Minister is more frequently tried than in Englaial,
by the unjust test of the results rather than the principles
of his policy; and we think we may say with confidence,
that there have Leen few Ministries that have stood the
test more triumphantly than the press rt. From Sir James
Graham, who opened the delete last year, to Sir Robert
Peel, who closed it on the part of the Tories, there was
not one opponent of the policy of Ministers who did rit
seek to intimidate the House of Commons into an adverse
vote by the most sinister prognostications of the result.
We were " entering upon no little war—upon no war
to he terminatA in a single campaign. It was one
which would be attended with circumstances no less
formidable than the magnitude of the interests which were
at stake. If a war with China were to take place, it

should be remembered that it was a contest which would
Lte carried on at the remotest part of the habitable globe,
and where the monsoons would materially ieterfere with
the communications which must be bad with this country.
It was to he carried on at an immense distance from all cu.' r
naval stations. The squadrons which would be sent out
would be exposed to various dangers. They would arrive
at toeir destination after a lung voyage, pent up in crowded
transports:, and wearied with the fatigues of an element
which our land furcirs abhor ; they would come to the
scene of action with abated strength and dimished ener-
gies.' Such were the patriotic and statesmanlike views
of Sir James Graham; while so hopeless did the case appear
to Sir Robert Peel, that he had nothing left but to " pray
the Almighty Disposer, from whom all just counsel and
good works proceed, to avert the calamities and turn
from us the evils which the incapacity of our rulers
has most righteously deserved." What a triumphant
answer to all this is the convention signed by Captain El
lint ! Every object of our policy accomplished '• in a
single campaign "—at an incredibly small expenditure
either of lite or of means. The wrongs of our merchants
have been redressed—the position of our trade immensely
benefited—increesed facilities girea for carrying it on in
future, and our diplomatic intercourse freed front those
offetisise and humiliating forms, so long a source of se-
rious embarressmeet netween the countries. It is cer-
tainly not a very gratifying reflection, nor one very cre-
ditable to the principles of party warfare in this country,
that objects of this magnitude and national character
should be staked upon a trial of strength, and saved
from deceat only by a majority of nine votes. If Tory-
ism were not as unteschable as it is unprincipled, the
events of the last few years ought to teach it many
a salutary lesson. At home, every step in improvement
has been a step in opposition to Toryism. Abroad,
wherever generous principles of Government have tri-
umphed, it has been in spite of Tory opposition ; where-
ever the policy most consonant with the interests of Eng-
land has been established, it has been in spite of Tory op-
position. In Portugal, the English Tories were the
abettors of absolutism and Dun Miguel, even at the mo-
ment that both were in active hostility with British sub-
jects and British interests. The principle of absolute
government is crushed in Portugal, and its representa-
tive no otherwise known titan as a debauched mendicant
subsisting upon the charity of the Papal Court. In
Stain, the English Tories mainly contributed to keep
alive a sangutna,ry.c,vil war in support ef the same prin-
ciple, and in Spain, as in Portugal, with the same n-
sul'. So is the Belgian question, we find them for years
supporting the obstinacy of the King of Holland, throw-
ing obstacles in the way of a settlement, and then trgieg
the delay in settlement as an accusation against the r
opp )litnts. Precisely when delay had produced ell-the
evil it could to the protrye of Toryism, he consented to
a settlement. With the Eastern question they did not
interfere--because it was begun and finished before they
hid time to interfere. But had '- the Treaty of July"
ixen a " Tie aty ~f February," or of March, there is little
d ,übt the mouth of April would not have passed with ,ut a
motion upon the impolicy of entering into hostilit es in
Syria. The candour and straightforwardness of English-
men will not listen to the sneaking attempts to undervalue
the successes which have crowned the policy cf Govern-
ment, by ascribing events which have occurred to " }milt.),
accident." Accident is not so uniform in its attendance
upon the " incapacity and imbecility of rulers." Accident
does not fe e-ce, the occult designs cf others, and defeat
them by proportioning the means to the end with such nice
discrimination—accomplishing great objects c f national po-
licy, while pressing with the least possible weight upon na-