The Sun.
London, England, 1841-07-21 00:00:00

fore, thal this disgraceful libel upon our beloved Sovereign—a
i
libel which otherwise we should suppose to have its birth n
some low beer-shop—comes from an underling at the Palace.
That it belies the Queen as much as it belies Sir Robert
Peel there cannot be the least cause to doubt. Her Majesty
has had the opportunity of knowing Sir R. Peel ; she is well
acquainted too, with the modern as well as the earlier history
of the country she is born to govern ; and, as none ever had
reason to doubt her sagacity and discrimination of character,
she can tell whether the wise, accomplished, and devotedly
loyal Baronet is likely to have uttered the vulgar bra-
vado ascribed to him. Her Majesty, too, knows whether
she dislikes Sir Robert Peel—the object of the ad-
miration, gratitude, and confidence of the greater and
better division of her subjects. The Queen, we know, does
not dislike Sir Robert Peel. Her own purity of mind and
character command that she approve of the personal conduct of
one whose private and domestic life presents a perfect model.
It were a foul injustice to suppose that though the Sovereign
may prefer her present advisers as Ministers, she does not esteem
'the man Sir R. Peel immeasurably above the man Lord Mel-
bourne. Endowed with no common share of talent herself,
the Queen can be as little blind to the transcendant
genius of the Right Hon. Baronet ; and if the lofty spirit
of the House of Hanover causes her Majesty to appreciate as
she ought, and as she does, the dignity of her Crown, where
can she find one more resolved or more able to maintain it than
in the selected leader of the class of her subjects ever most dis-
tinguished by undeviating loyalty ? Let the conduct of Sir R.
Peel in defence of the dignity of the Crown, when assailed by her
Majesty's present advisers, in the person of the late King, be
taken as proof of the defence which he would offer for that
Crown upon the head of its present lovely and beloved wearer.
No, the Queen does not dislike Sir Robert Peel. Were his
personal claims to the respect of every virtucess woman, to the
admiration of all who can appreciate genius, as slight as they
are irresistible, the Queen could not .dislike the most able and
devoted champion of her Crown and dignity to be found within
her nearly boundless empire.
COURIER.—It has tong been a favourite pastime with the
Whigs, in and out of Parliament, to threaten Sir Robert Peel
with the difficulties he,will have to grapple with in Ireland ;
from the unceasing repetition of these threats, and the injudi-
ciousness of some who would be considered the expounders of
what real Conservatism is, but who sometimes suffer zeal to
outrun discretion, an apprehension of some such difficulty pre-
vails, we find, in certain quarters, but a more ground-
less or gratuitous one can harely be imagined. For, in what,
•can consist his difficulties with regard to the Government of
Ireland? Oh I exclaims some croaking prophet of the Whig
press, " wait till you see how rampantly and offensively the
more violent of hi= supporters will conduct themselves in Ire-
land, and with what blind and eager haste they will
attempt to re-enact the penal code, and regain their
former ascendancy." And upon what grounds can
our readers suppose this piece of prophetic pertness
is seriously sought to be recommended as worthy of implicit
credence? Is it upon any declaration made by Sir Robert
Peel or any one understood to be in his confidence ?
No ; for his acts, his declarations, and the principles
upon which the future policy of his Government
is avowedly based, expressly contradict the suppo-
sition that he would either listen to, or be a
party to any such rash attempt. His Government will
not be, as has been falsely alleged, one of "re seizure"
either in England or Ireland ; supported as he will be
by such a majority as few late British Ministers have com-
manded, he will want the temptation, as he con-
fessedly does the disposition, to embark in schemes
of wild and hazardous change ; and if there be any
amongst the numerous host of his supporters so foolishly
and madly impracticable, which we are sure there is not, as to
propose or urge upon him any course of policy at variance
with the spirit and object of the Relief Bill in the sister coun-
try or of the Reform Bill in this country, he can afford to
shake them eff without risk or loss of power.

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF YESTERDAY.
POST.—The news of the failure of the banking and loan-
contracting house of Geymuller and Co., of Vienna, as com-
municated through an extra edition of the Morning Post,
came like a clap of thunder upon the City. This eminent firm
had been considered wholly beyond the reach of any such vicis-
situde. The exchange houses here may suffer to Rime extent
by the stoppage, but, otherwise, it is not thought likely to affect
British interests very seriously. The liabilities of the party
are understood to reach 600,0001. sterling. Before the event
took place, a statement of their affairs was submitted by them
to Messrs. Arustein and Eskeles, Messrs. Rothschild, and
other bankers at Vienna, but they werenot induced to support
the house. Subsequently to the suspension, however, when
the panic became alarming, they came forward with six mil-
lions of florins (500,000 i. sterling), which they offered to lend
on easy terms on the deposit of the six per cent. State securi-
ties. This was done most likely as a matter of necessity, and
to prevent the evil consequences that might arise to the lenders
themselves in connection with the new loan. Confidence was
partially, and only partially, restored at the date of the last
advice:.

HER A LD.--A considerable reaction has to be noticed in
some of the Railway Shares, particularly in Great Westerns,
which are 21 to 23, and the Half Shares 91 to 104 premium,
being in one day a rise of about W. per share. It may he
doubted whether any material portion of this large advance
be oning to an increase of demand for real investment on
the part_ of the public. More probably it is the conse-
quence of a revival of that speculation which terminated
so adversely for some cf the parties on making up at the
last settlement. If such be the fact it may perhaps
find its level in something of the same sort of catas-
trophe hereafter, unless based upon a very substantial and so
far unpublished increase in the traffic and money returns of the
railway. It is probable however that it has been discovered
there is no real foundation for the report in circulation, or at
least to the extent, that in order fully to complete the works
the Directors were still short of no less than 1,000,000/., after
all the millions already expended, and which constitute it about
the most costly railway in Great Britain. It was this report
which assisted, with the state of the speculative account, in so
seriously depressing the price of the shares. London and Bir-
mingham were 69 to 71, Gosport 2to 3 premium. Birming-
ham and Gloucester 42 to 40, North Midland 35 to 3, the Half-
shares 81/, to 71A, Blackwall 9% to VI, Brighton 71 to 6
discount. South Western 541, to 51, per share.
TIMES.—No little amusement will be caused among the
jobbers, when it is known that the " shut-out" of the Stock
Exchange have concentrated themselves into a distinct body,
and have opened a regular market of their own, where they
carry on their usual small transactions, which, although in-
fluenced in some degree by the general s'ate of affairs in the
.Stock Exchange, seldom exceed operations for a few pounds
or even shillings, and chiefly consist of speculations in
those shares and stocks which are either at a very
low ebb in the recognised markets, or have ceased
to be objects of attention altogether, exc:pt among this
particular class. The previous resorts of these persons were.
the leading entrances to the Stock Exchange, the rotunda of
the Bank, anti the area of the Auction Mart, and it has been
conjectured that their concentration is not really to be ascribed
so mach to an increase of prosperity, as to absolute necessity
arising from the improvements carrying on in the City, which
have completely excluded them from the chief of their old re-
sorts, which was Capel-court. It may be observed, that this
newly united fraternity assume all the importance of their
more opulent neighbours, for there is the same ceremony on
entering the market, and a beadle in livery stands to take mes-
sages and names, evidently imbued with a sense of the dignity
of office.