The Sun.
London, England, 1841-03-13 00:00:00

(From the Courier.)

The Anti-Poor-law demonstration at the Crown and
Anchor Tavern yesterday, however its objects may have
been interfered with, and, so far as the meeting, temporarily
frustrated, must, unless we are greatly mistaken, produce
a powerful moral impression out of doors upon the coun-
try at large. A body of turbulent Chartists—Chartists
in name only perhaps, for in reality it consisted of
the off-scourings of the streets—can no more stifle,
than they can pretend to represent, the deliberate voice
and opinions of the people of this metropolis; and
we have ourselves no doubt that their conduct on
the occasion, as their leaders, will be entirely dis-
avowed by the more honest Chartists of the country
districts. For our own part, however, we attach more
importance to the revolution in the sentiments of the
middle ranks of society adverse to the new Poor-
law, which year by year has been silently, surely,
and extensively spreading, than to what may be
characterised as the vociferous expression of popular feel-
ing by tumultuous assemblage, inasmuch as the new law,
or rather the one-sided reports on which it is founded,
was artfully contrived to enlist in its favour every
selfish conideration of the highest class proposed
to be relieved by it from the pressure of large
pecuniary burdens, whilst the lower class, aggrieved by the
opeiation of the law, have so vast and vital an interest at
stake, that their opposition might I aturally be dis-
trusted, as springing wholly from motives of deep con-
cern to themselves, but otherwise either of no weight,
cr apparently in conflict with the considerations
of au opposite nature which might be supposed
to sway the more easy and wise-placed orders of society.
We see cause to rejoice, therefore, in the rapidly spread-
ing conversion of all of the middle ranks whose predilec-
tions were strongly engaged in behalf of the new Poor-law
at the time of its enactment and since, and of the long-
settled convictions against it, of those who first wavered
and doubted, but are now firm in Anti- Puor-law faith.

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF 'YESTERDAY.

HERALD.—The Bank broker has been again a seller of
Consols to-day to the amount of about 30,0001., and as before
for account of the savings' banks. These sales do not serve to
encourage public confidence in the financial skill of Mr. Baring,
or in the healty state of the finances, for it is taken for granted
that these sales are in aid of pressiog necessities of the Trea-
sury, which shows that the old system so weakly and discredit-
ab'y acted upon by Mr. Spring Rice, of making free with the
public deposits at any moment of difficulty or penury, however
little serious, is still acted upon by his successor.
The accounts from Lancashire are the reverse of encourag-
ing, and fresh mishass arising out of Joint-stock Bank ma-
management were likely to lead to serious embarrassments
from the general want of confidence they were calculated to
create. One large concern in the north of Lancashire bad
fallen into difficulties, and it was found that one Manchester
Joint-stock Bank alone was under advances to it for 120,0001.
and to that amount of course a creditor. It was understood
that the bank held certain securities upon the large manufac-
turing premises and machinery, but whether in the nature of a
first mortgage, or of supplementary Mortgages was not known.
But in either case all the mass of ready capital involved must
remain incontrovertible and as so much dead stock, as in the
present depressed state of trade it would be impossible to con-
vert the buildings and machinery into money by sale. Very
great losses and distress consequent had been inflicted upon a
considerable number of individuals and families through the
embarrassments of the firm referred to, one of the partners in
which, besides the handsome proverty with which a few years
ago he entered it, is said likewise most unfortunately to have
Involved all his own immediate family and friends to the extent
of 40,000/. more, with which the concern was accommodated by
wov
saiserninolcanifftleeeos:aititenayhrl
loriaorolusi
difficulties,don i,ths-icst tothiuosecn kstfasabi,i
dlaaus,nnormked sanguine,aonsdffoeafdau neb
ot conrpothlkeyesN
another
Isioaonldssgipeederfieorbriiftti
ntiy
to.this being
ni2ssTtih,nno
oaasetbt
instance,
town
n:tieonneM,
hon
of no great standing, to whom advances had been in-
cautiously
g io npterreaptii
do
nsmadestyle a
nd t
appearo
prodigalt
to be
e carriedextent.
scale
n nonltwoufrom
the seem,
which
in L Lancashire,
suht
i-rs t o ek han k
notwith-
standing the lessons of past experience, as if bankine,g, thakt. is,
dealing in money, were absolutely the same thing assthme
la mg
ar extensivethat
joint-stockdeali banks
wazenr
tmhoeaperyo,fiatris.d thereforelt
dncs
nottlie moreappe
the most prudently managed extract more than anotmoderate
returns upon their capital, and certainly 'aereoyfielded in most trades or professions that cyoud
be
which, it may be
named. The The joint-stock banks in Scotland,
admitted, are managed with most ability and discretion, have
not, as stated by persons of that part of the country, been for
ccas
some time past in the habit. of clearing more than about five
perc cent. their cittadlsepermeaplionynednioned yesterday by.
CHRONICLE
the United S t atc stillan continues,yirnprnvent, e
natn duth et
to the
news Fun rodfshm the
ave n
0t
experiencedtermination of business. One cause,
-ho.seser, hpich has
doubtless added to the fall in prices, arises in a. great measure
from
ntch:,es I atrhgnes e
nrgip ttiho
ens
jobbers
se nttoeresedl n
at ogafionrstth et
these
in
comj'clli
operations.
()lint ilse
aadremarkablemerchants i circumstance, a
iu i.lnaxc
c, thatp ia theari
dmf
roos
itnr recent
parties
letters
fr
us
nancctens sant toy tha
pepbreeshteinnsfonrnm anti oanni ni
niitlrearsrhuipntgi
nt onn ,tnmtarka
de from
political causes. They dwell upon tfherssuthspaetnesinonntidoetnscpeeciine
payments by the banks, and express fears
American credit may be shaken in consequence, but do not
express alarm of anything connected with the political re.a-
lions of the two countries.
In the City the public mind has been much excited by the
circumstance of Mr. Fillemore's motion for suspending the
Standing Orders havin,g been carried, to allow him to intro-
duce his resolutions. This is such an unusual proceeding in
our Legislature, that we are not surprised it should have given
rise to serious considerations ; • but these fears are not expe-
rienced by those who are acquainted with the practice of the
American Congress. The suspension of the rules of the
House as a matter, we find, of common occurrence in Ame-
rica, and agreed to in questions of very trivial import-
ance, as will be evident to any one who takes the trouble
of turning his attention to the reports in the Ameri-
can papers. For instance, in the Washington Daily
Intelligencer of the 16th February, we find that the
motion to suspend the rules of the House was carried
by -Yeas 94, Nays 39, by Mr. Turner, of Tennessee, in order
to proceed with a Bill to amend an Act to authorise that State
to issue grants and perfect titles to certain lands therein de-
scribed. In the same paper, et-the 13th ultimo, we find mo-