The Sun.
London, England, 1841-08-26 00:00:00

• 7 //7 (7
EC7-EjN?4°P-ING

M. P. HAYNE

money was seen to be needful, the people were satisfied
that it was better to raise it by taxation than by a loan.
The result of that experiment proved that the tax-besr-
ing resources of the country were exhausted, and that
the revenue must, in future, be improved by adopting
a liberal system of commercial policy, and lowering ci
the duties on imports from foreign countries. That plan
has been also proposed by Mr. Baring, and having been
fairly and plainly brought forward, no scheme of a ban,
or for imposing new taxes, will meet with public appro-
bation or support. All new taxes, votes of credit, issues
of Exchequer Bills, and loans, are justly considered as
the mere sweepings, the refuse of the office in DoWhing-
street ; the rejected offal of the Whig Chancellor of the
Exchequer, which he spurned with contempt as a
wretched system of patchwork and a gross delusion on
the country.
TIMES.—It was a matter of surprise at the time, that
the assignees of Messrs. Whitmore, Wells, and Co., should
have been refused by the Manchester commissoners act-
ing in the estate of Daintry, :Ryle' and Co., to have a
voice in the choice of assignees, although they ha 4 .S
large a claim, upon the pretext that they could net ,soress
in under the estate of Daintry, Ryle, end Raven rota,
which was in fact the estate under which the choice of
assignees was being made, but only under that of /
try and Ryle. The facts of the rejection of their voice
in the choice has since been submitted to the Court of
Review ; and the judgment given to day removes the
assignees already appointed, orders a fresh meetirg to
take place for new assignees under the joint ilat
Daintry and Ryle, and also that the assignees or
Whitmore, Wells, and CO., go in and peel,
such debt as they can establish against
and Ryle, and vote in the choice of as.
Several of the merchants connected with

x;11 ~^' 1' J'

. -
with China are beginning to speculate whether :•::
pointment of Captain Elliott to the Consulate el"
will lead him at once to proceed to that repz&'•••
whether he will first appear in England. Tilt^
course, it seems, would he preferrcd, as an oppoit'z',-;
would be afforded to those who feel inclined (and
understood there are some) to settle the question re 7,
ing the indemnity bills drawn against the Treasury. :-
which were given for the surrender of the opium •
Chinese anthc,ritic3.
ADVERTISER.—The system exclusion cr., t•
Contin:,•nt is gathering strength v.ith age, one conn%-;
-after another finds the friendship and alliance of I!

neighboura,more.worth having then that of En;;;?and
yet we make no 'eCfort to prevent desertion, wLieh
swells the ranks of on: opponems. It I.s In the ;min
things, as far as present appearances would. show, ii
the whole of the vast European continent :mist be zoorrx
or later drawn into that formidable confederacy whir-a
dates its origin from Prussia, a power indebted to us fir
millions of treasures badly spent in its cause alone, and
which confederacy, bell re a very des:ant day, will 119
longer be designated the "German," hut the "European'
Customs Union. It is the fear of thinkinr, men that ro

Legislative measures henceforth adopted clr rerneciy t::e
past, but few, we believe, will deny their power to
the future. What course remains, then, open to I:1 '2
The course which policy would seem to mark for t,,s is
reciprocity. The country which may be inclined to fa-
vour us should receive favours in return, and these
must not be waited for, but sought after. lindc,r our
existinf?, fiscal laws, no Government, no Ministry here
has it in its power to make concessions at all worth
having, even if a foreign Power offered us the most
liberal terms, or absolute freedom of entry for our goods.
The fairest way of settlement would be to establish
treaties with every and any country that would give and
take. Now, however, we are so cramped and fettered
by monopolist interests, that we have really nothing to
offer worthy of their acceptance.
HERALD.—Complaints are made among the foreign
houses in the City of the Post-office mismanagement or
remissness in the deliveries of letters brought by the
steam and other packets from the United States. Take,
for example, the Great Western, which reached
Bristol on Friday morning, but whose letters were
not distributed in town until the next (Saturday) morn-
ing, although New York papers were received here in
various quarters by private parcel from Bristol early on
Friday afternoon.. The prejudice -resulting to foreign
merchants in this case was that, instead of being able
to forward such letters as might be addressed to
their friends abroad through their care by that night's
foreign mail, they were obliged, in the case of correspond-
ence to the north of Europe at least, to keep it until the
next foreign post day, or the Tuesday following. The
inconvenience would be still greater in the event of busi-
ness operations on bills to be advised of to the Conti-
nent on receipt of transatlantic letters. The grievance
clearly wants, as it is easily susceptible of. a remedy.
SUN.—There were one or two tranasctions of some magnitude
in the coarse of the day, on account, as was said, of the Bank of
England and an Assurance Company, but in the present un-
settled state both of political and commercial affairs, the public
evince but little disposition to do business. On the whore the
market wore a flat appearance, and prices ranged , per cent.
lower for Consols, which, for immediate transfer, were quo:v4
89A and to ; and for October, 89i to Exchequer hills
were 15s. to 17s. premium, and India Bonds 3s. to ss. pre-
mium, being steady. Bank Stock was firm at 169 ; the New
Three-and-a-Half per Cents. were not higher than 98A to 91-,
and the Three per Cent. Annuities were marked 893 to 3.
The more current value of money in the Stock Exchange was
4 per cent.
There was again an entire absence of activity in the Foreign
Market, and the quotations were not at all buoyant. Spiriui,,h
Actives realized 193 for present transfer, and 193 to for
next time. Portuguese Three per Cents. were at IBA ; Co-
lumbian Bonds realized 20A ; Mexican Deferred. 8? : Peru-
vian, 16; Cuba, 70; and Dutch Five per Cents. 1013 to I(r2.
Shares were not much dealt in. Great Western Shares were
at 12i to 14 ; the New, 4i to 3, and the Fifths. 4 to 3:4 Ir.-
mium. Brighton were 51 to Of ; Illackwall, 10; l'riziol arid
Exeter, 281 ; Manchester and Birmingham, 19i ;
Counties, 22i ; and North Midland, 35 discount. London
and Westminster Bank New Shares were 2 to 1-3 A premium,
and National Provincial of England la to II discount.

TO THE EDITOR OF THE SUN.
SIR—In The Evening Sun of Tuesday there is
statement which is calculated to convey a-wrong it pl-er-
sion as to a matter of fact ; and knowing your desire to
be accurate,
.I beg to call your attention to the Staten
in question :

A paragraph in The Sun states that on Mon;lny IN!st
" three men pleaded guilty to an assault on the rolice in
the progress of a procession on Whit-Monday, he‘aded by
Mr. O'Connell."

A paragraph immediately following states " that an-
other was tried and convicted for the same offence," &e.
This paragraph, which states that another " was con-
victed of the same offence," conveys that he was tried
and convicted of "assaulting the police durinc, the r-e-
-gress of the procession headed by Mr. O'Connell." This
is an error. The assault was not, either in time or in
place, or in any other manner, connected with the rro-
cession in question. Mr. O'Connell took no other part
in the said procession than joining it, as a member of tho
Total Abstinence .Society. One teetotaller, accused of
an assault in its progress, was on Monday last acquitted.
At the former Sessions two others were convicted of an
assault, by no means of an aggravated character ;
and they were sentenced to nine and six monfhs'
imprisonment, whilst two prostitutes, arraigned for
the murder in Shoreditch, and convicted of Irian-
slaughter,
_were only sentenced to be imprisoned for six
months.—Your obedient servant,

Extract of a letter from Tangiers, dated the
28th ultimo, quoted by the Journal des Det;als :
" The Emperor of Morocco, having armed his fleet of
two brigs and two schooners, has applied to the Euro-
pean Consuls to grant passports for them, and they will
sail as soon as furnished with these facilities. The pre-
tence of this expedition is to afford practice to the sailers
who have lately been pressed and put under the intrnc-
tion of Admiral Brittel. If this was the sole object, ar•
tillerymen and ammunition would not, as they have, beck
put on board each ship ; but the probability is, that it i
directed against such flags as have not been revognizec
in Morocco, that is, of such nations as have no repro.
sentatives here, or are not allied to the Sultan by trea.
ties. Russian, Prussian, Mecklenburg, and other ships
ahnia
ce
aoccasionally e. n t
Te
he stlai
le y portsaga
faAilloursoscicaoand
n,
sh eip a
even been effected here, under the auspices of the Sn edisl;
Consul. It appears, however, that the Morocco G yen
meat is tired of waiting for the decision of certain ?owe-
trheel
iartisohnisp
swai
nt hd ivte,
sanselds,haasn d rteit,.l l
us r e
them to come to terms (I) t
it
no
aeknet er
attacks i
to
official
As a maritime power, The,:si
has nothing to fear from Morocco (!), but her c,:annierc
may suffer, and so may that of Prussia and the Ent
into
upon
Towns. The increase in the poremiunis of ininram
alone will be a serious loss. We are the more oar
ranted in this conclusion by the fact that amenn• th
iNgs of friendly nations pointed out to the erni:::srs i.
that of Belgium, although she has not as yet cntorf-(1 int,
any treaty with Morocco, but has an agent at this tiin.
engaged in a negotiation, the basis of which is alreari
settled. The Sultan has applied to Gibraltar for rniZ
master-builders to construct gun-boats at Tangiers, whcr,
they will be uselul in case of war. The

not yet arrived, because only one piastre a-day is offeret:
them, and they demand two."
A NAVAL Gnosr.—(From a private letter.)
—A very singular circumstance occurred on boqd
Victory on Friday night last. Two marines (Corpory
Wiltshire and private Newton) on duty, during the raid-
watch on the main-deck, were passing the last gcarter
of their watch (a quarter to twelve) by telling Ll(,s of
ghosts, &c., and amidst others related that of a palicc-
man, who, but a few days since, was nearly frightonoe
to death by the appearance of a marine on b(!itz-- the'
Princess Charlotte (which was paid off about a fortni*
ago), and which marine, it is asserted, was killed on bar.'
her at St. Jean d'Acre. Newton, who was an aaentiv
auditor, declared that he " never could nor would