The Sun.
London, England, 1841-01-16 00:00:00

TTIE SUN, LONDO.N,SATURDAY. JANUARY 16, 1841.

pressed by the holders of Buenos Ayres stock that the
respectable house of Baring, Brothers, and Co., as the
contractors of the loan, will lose no time in pressing
their long-neglected claims upon the attention of the
Government of the Republic. The aggregate thes:
claims, independently of the interest due upon them is,
as in the case of Chili, less than a million sterling, and,
considering that the dividends on the home debt have
always been attended to—always punctually paid—as
they became due, as, again, in the case of the Chilians,
and, we might add, in that of our own Consels also,
for such is stated to be the fact, on the authority of
Sir Wathen Parish, our late Consul in the Republic,
we do think the claims in question are er,titled to the
immediate attention both of Messrs. Baring, Brothers,
and Co., and of the President, General Roses.
It is a grievous hardship upon men who have ad-
vanced their moneys, perhaps, in many cases, their all.
upon the faith of a Government, and the first commer-
cial house in Europe, that they should have been kept
out of their revenue, arising from the interest accruing
upon such advances, for the period of thirteen years ;
but, on the other hand, it must be consoling to them
to know that, amidst all his difficulties with the French,
General Rosas has not entirely lost sight of these na-
tional obligations. In one of his recent manifestoes, or
State documents, the English debt is referred to in the
following terms :

" Notwithstanding the embarrassments of the public
Treasury, arising from so great a complication of diffi-
culties, the claims upon the loan negotiated in England
are not forgotten by the Government. No opportunity of
placing these claims, which have been unavoidably post-
poned, upon the most equitable footing that circumstances
at all admit of, will be lost."

With this assurance, as well as the examples of Chili
and Mexico before them, Messrs. Baring, Brothers, and
Co., may, we should hope, call upon the Argentine
Administration, in behalf of their unfortunate clients,
with a very great chance of success, especially as the
claims are so limited, and they are sure of being effec-
tually backed by Mr. Robinson and the committee of
Spanish-American bondholders.
We may be permitted to intimate that a very small
appropriation of Custom-house receipts, as made by the
Mexican Government, would be adequate to the dis-
charge of the interest oa the original claim, the ar-
rears being left to be disposed of upon some fair and
easy principle of adjustment.

SUN.—As the weather now seems to bid fair for a
return to mildness, the shipping trade of the port of
London is becoming more animated ; and this, coupled
with the easy state of the money market, gives pro-
mise of a good business in the City markets, within the
next week or ten days.
The Foreign Exchanges were flat this afternoon.
Three months' bills, on the principal cities of the Con-
tinent, were negociated as follows :—Paris 25f. .55e.
to 57c. ; Amsterdam 12 22 to 4 ; Antwerp 12 2/ to ;
Hamburgh 13 69 to 7/ ; Frankfort 1481,- to ; and
Trieste 10 to 10 I.
The settlement of the Consol accounts went off satis-
factorily to-day, and the extreme fluctuation was shown
to be about 2 per cent. The speculators for a rise
were the gainers this Account. For present transfer,
Consols realised 892 to and for the new Account 891
to 90k. Exchequer Bills were also higher—viz.4Bs. to
1 la. premium, but East India Bonds remained at 10s.
to Ss. discount. Bank Stock improved from 165 and
166 to 167 and 168, and India Stock from 249 to
250} and 251. The Reduced Three per Cent. Annui-
ties were at a rise to 902 to Not many accounts
were understood to have been carried over by the jobbers.
The Foreign Stock Market is still in a heavy con-
dition, and there is a great paucity of speculative opera-
tions. To day the Spanish Active Bonds were at 2.-1
to 24i ; the New Portuguese Five per Cents. at 32 ;
the Three per Cents at 20/ ; Brazilian at 71/, or per
cent. lower again ; Colombian at 23, and Peruvian
141 to 15 ; Dutch Two-and-a-Half per Cents. were
steady at 50- to 50g.
Railway Shares support their value well. We quote
Great Western to-day at 30 ; ditto New, 14/
t) 141 ; London and Birmingham, S 2 ; South Western,
191; Manchester and Leeds, 10/ ; Midland Counties
Quarter, 52, and Greenwich Scrip, 1 prem. ; Brighton
Shares were 5e ; Birmingham and Gloucester, 15 to
16 ; Eastern Counties, 14/ ; Blackwell, 3i-, and Croy-
don 1 discount. Australasia Bank Shares were at 14i
premium, and Union Bank of London at k discount.

SPIRIT of the PUBLIC JOURNALS

FROM THE MORNING PAPERS OF THIS DAY.
(From the Morning Chronicle.)
The tranquillity of Canada continues uninterrupted,
and the latest intelligence adds nothing to our previous
descriptions of the satifactory progress of things towards
good government under the United Legislature. It is
satisfactory to know that emigration to the Canadas has
begun to revive. The number of emigrants arrived at
Quebec in the year 1839, was 7,439 ; being more than
twice the number in the previous year ; and the emi-
gration of 1840, the returns for which are not yet re-
ceived, presents also, as we understand, a considerable
increase. The Governor-General is fully alive to the
importance of promoting the settlement of the country
by means of a good system of thedisposal of the public
lands. In Lower Canada grants and.salas by auction
have been discontinued, and waste land is now sold at
the uniform price of six shillings per acre ; a price per-
haps as high as could well have been fixed, with-
out incurring the hazard of driving the settlers into the
United States. Lord Sydenhatn has reported to the
Home Government his conviction of the propriety of
adopting, as soon as practicable, the valuable sugges-
tions for colonization contained in Lord Durham's Re-
port (Appendix B). A material feature, however, in
the plan proposed in that Report, is one which cannot
be carried into effect without legislative aid, viz., the
imposition of a tax on all uncleared lands. It is true
that the right of the Crown to the disposal of the pub-
lic lands has been reserved by the Act of Union, but
this right does not of course enable the Crown to im-
pose a general land-tax, nor has the Crown by any
means the power of raising an ac'e4uate emigration fund,
without the co-operation of the Legislature. Lord .1.
Russell has therefore intimated his wish that the a hole
subject should be brought before the united Legis-
lature of Canada, with a view to a permanent plan for
the encouragement of immigration, and the Governor-
General will accordingly bring it forward at an each
period. That some comprehensive measure of the kind
will be adopted there can be little doubt. Indeed, pre-
vious to the Act of Union, the Assembly of Uprr
Canada had addressed the Crown, declaring their rea-
diness to concur in the appropriation of die land sale
in that province to purposes of colonisation. Lor I
Sydenham has already done so much for the peace
of Canada, and has introduced so many important
practical reforms by his system of registration, and
the establishment of municipal institutions, that he
need not fear charges of inactivity, or of having
retarded measures of public improvement. He may
well afford to be indifferent to the censures of those
who accuse of remissness one of the most. diligent
Governors that ever exercised the Royal authority. He
need not fear the idle tales reported to his disparage-
ment in the C'olonial Gazette, which as the Gazette
itself disbelieves (though it does not scruple to give
them circulation), we may well receive with utter in-
credulity. Nothing is easier than to impute ground-
less enmities and private piques to public men, who
are not in a situation to reply to such accusations, or
indeed to enter into controversy at all with the pubic
press. If the Colonial Gazelle really thinks it probable
that Lord Sydenhain would go out of his way to injure
any persons in this country, on the grounds insinuated,
why does it not state plainly who are the parties ag-
grieved, and what is the grievance
( From the Morning Advertiser.)

Fortunately the triumphant success which has crowned
our policy and arms abroad, affords to the Impericl
Legislature ample opportunity and scope for concen-
trating its attention upon the consideration of those
causes which have produced so much dangerous dis-
content and agitation at home. If the most virulent
of the opponents of our foreign administration be not
lost to all sense of self respect and decency, they will
remain prudently silent rather than provoke discussions
which must tend only to confirm the exalted and proud
opinion which the nation entertains at least towards
that department of its Goverment, and to cover with
shame—if they be sensible of such sensation—and con-
fusion, in which they make themselves worse confounded,
those who so insensately and inveterately opposed and
denounced a course of action which they had neither the
foresight to comprehend nor the capacity to execute. Vic-
tory rests upon or hovers over our banners ia all parts of
the world—from east to west—from north to south from
China to Canada—from St. Petersburg to Alexandria—
in Constantinople, Syria, and Central Asia, exist the glo-
rious records of the judicious, vigorous, and effective
manner in which our foreign and colonial policy has
been recently directed. Years of Tory misrule, rapa-
city, and imbecility, have received a most salutary cor-
rective in the sound, straightforward, and unswerving
guidance which presided over British diplomacy in that
glorious era of' its annals-1840. Now let us look at
pit is besetrospectisn
by no means so cheering. On
with
perils,
stratagems, and
treasons, which must strike
the stoutest statesman with
apprehension. We have the
the home.
contrary,
peril of insurrection in our
provinces and rural districts—we have T ory stratagem!,
eorruptionsond frauds, which make that peril more immi-
nent—we have treason in the very camp where we might
expect friends—we have Chartists enforcing, or attempt-
ing to enforce, abstract but inapplicable rights by physi-
cal force—we have Liberal statesmen withholding
those rights to which even a tyrant expediency can
give no effective denial—and, finally, we have eight mil-
lions of the Irish people vociferating for that right upon
which no abstract principle of justice can put a nega-
tive—the self-government, right of or rather local legis-
lation—for it it is not self-government, but local legis-
dation which Mr. O'Connell proposes by a " Repeal
of the Union." The representative principle may be
as effectively asserted in England as in Ireland. It
is a matter of contemptible indifference, whether
the representatives of Ireland assemble in College-
green or St.
.Stephen's ; if it represent faithfully the
people whom it is supposed to represent, it may as-

semble in Karntschatka or the Torrid Zone, and the
laws which it promulgates will prove equally bene
ficial to the country with whose affairs it is ea•
trusted. Absenteeism is, no doubt, an evil, and Ire-
land in its depressed state grievously suffers by it ;
but had Ireland a Lir representation—not in the pre-
sent Parliament, but in a Parliament fairly repre-
senting the people of Great Britain—she might regard
her absentees as so many useless outcasts. It is nor
they who draw away the rents of Ireland that should
be regarded as the basis of its wealth or prosperity ;
but they who labour for the production of that rent.
What care the industrial classes where their Parliament
assemble, if they have even anything like a fair field of
exertion, and a fair mart for their labour and its pro
duce. " A full and fair representation of the British
people," and not a " Repeal of the Union with
England," should he the watchword of Mr. O'Connell.
It is just and judicious laws, and not a local habita-
tion for its law-makers, that is essential to the well-
being of a country. The Repeal of the Union, as it
has yet appeared before the country, is sheer farce
or pantomime, of which Mr. O'Connell is the over-
grown harlequin. He strikes his magic wand on one
side, and up starts "Repeal ;" on the other, and" Pre-
cursor" occupies its place ; then "Repeal" again, and
so on to the end of Government patronage ; and
then Ireland will awake, after dozing over the per-
formance, and ask—" What is it it has gained by the
exhibition ?" What must in such case be the reply ?
Mr. O'Connell gained Catholic Emancipation and im-
mortalized himself, and for the rest of his life, despair-
ing of effecting anything greater, he trafficked with his
fame, deluded his countrymen with false expectations,
and forfeited one of the most glorious occasions that
ever offered to any man of regenerating and elevating
an empire. Such will be Mr. O'Connell's history, un-
less he change his policy.
" A single step into the right hath made
This man the Washington of worlds betrayed:
A single step into the left has given
His name a by-word to the winds of heaven."
The opportunity is yet open to him of effecting ob-
jects greater than any he has yet accomplished. We
trust he will avail himself of it. And in reference to
the approaching Session of Parliament we trust all par-
ties will prove wor,hy of and adequate to the responsi-
bility of their position. The country will be no longer
deluded by pretences.

FROM THE EVENING PAPERS OF YESTEkDAY.
(From the Globe.)

The Time.c of this morning, in setting forth the claims
of the Hon. G. P. Sidney Smythe, the son of Lord
Strangford, to the favourable regards of the Canter-
bury Tories, by aid of si hose suffrages he hopes to
enter Parliament, mention " the public services of his
father," as one, among several, arguments in his behalf.
Having some recollection that this was not the first
occasion on which Lord Strangford's "public services"
had been referred to by the Times, we have been at the
pains to search its files, and have been amply rewarded
for our labour In the Times of August the 7th,1828,
Lord Strangford's " public services" are thus held up
to his admiring countrymen—his Lordship was then
about to take his departure as Ambassador for the Bra-
zils :—" We had thought," says the Times, " that his
Lordship was too well known to his past and present
patrons, to be again trusted with, or in, any negotia-
tion of importance. The extent to which he misled
his own Government, and through his own Government
that of Russia, with respect to his negotiations at Con-
stantinople, and the unceremonious manner in which
the Emperor turned him adrift, when sent by Mr.
Canning to St. Petersburgh to justify his conduct, are
now, unhappily for his Lordship, as well known as his
pretended triumph at Lisbon about twenty years ago.
The more than diplomatic freedom which his Lordship
takes with matters of tact, makes him the jest of all diplo-
matists, while otherwise his manners and conduct beget
towards him in Courts a distasteeven greater than the dis-
respect of statesmen. These qualities ought to save the
Emperor of Brazil from the infliction of his Lordship's mis-
sion, even though he had done nothing of late to excite
public attention to his character. But, unhappily, his Lord-
ship cannot remain quiet : he cannot enjoy his British
Peerage and his red riband in tranquillity. He
must not only be a negotiator, but a parliamentary
orator, and a pamphlet-writer in abuse of his deceased
patron (Mr. Canning) and in praise of himself. He
must not only enact Pyramus, but play likewise the
parts of Moonshine, and the Hole in the Wall !" The
Times then proceeds to remark on his Lordship's then
recently published pamphlet, respecting his Portuguese
mission ; in which he takes credit to himself for having
induced the Regent of Portugal to embark with his
family for the New World, in November, 1807, in a
despatch, from which the following is an extract :
" I accordingly requested an audience of the Prince
Regent, together with assurances of due protection
and security ; and, upon receiving his Royal Highness's
answer, I proceeded to Lisbon on the 27th, in his Ma-
jesty's ship Confiance, bearing a flag of truce. I had
immediately most interesting communications with the
Court of Lisbon, the particulars of which shall be fully
detailed in a future despatch. It suffices to mention in
this place, that the Prince Regent wisely directed all his
apprehensions to a French army, and all his hopes to an
English fleet; but be received the most explicit assurances
from me, that his Majesty would generously overlook
those acts of unwilling and momentary hostility, &c. &c.,
and that the British squadron before the Tagus should be
employed to protect his retreat from Lisbon, and his voy-
age to the Brazils."
The Times, in the same article, thus comments on
this despatch :—" This remarkable despatch is dated
Nov. 29,1808, his Majesty's ship Hibernia, if the
Tagus.' Now, who would believe, unless almost on the
evidence of his own senses, or the confession of the
party implicated, that this Hibernian despatch, dated
off the Tagus, November 29, was actually written in
Bruton-street, London, on the 19th of December ;
and that the Diplomatist, who on the 27th of
November so dexterously landed in Lisbon to direct
all the Regent's 'apprehensions to a French army, and
all his hopes to an English fleet,' never saw the
Regent at all on that occasion, and was only admitted
to an audience after his Royal Highness had ac-
tually embarked. This freedom with facts—this undeni-
able departure from truth—was known and established
by irresistible evidence soon after the Brazilian emi-
gration ; and, being safely established at Rio Janeiro,
King John was exceedingly amused on reading in the
diplomatic despatch an account of the agency by which
he was persuaded to leave Europe. But it was only
within these last two months, and in his pamphlet in
answer to a note in Col. Napier's " History of the Pe-
ninsular War," that his Lordship confessed to the charge
of having written this despatch in England, and of hav-
in,; never seen the Regent of Portugal until on board.
(From the Standard )
Four hundred guests assembled in this dreadful
weather at the Town Hall, Buckingham, on Wed-
nesday, to celebrate a Conservative festival. The four
hundred came, as the Duke of Buckingham and Caen-
dos remarked—

" At a time when one of the severest winters experi-
enced for some years rendered it no easy task to bring from
a distance parties who knew that they would have to en-
counter bad roads and dark nights in returning home.—
(Cheers.) This was a proof which would go to the very
hearts of their opponents—a rroof that nothing would pre-
vent Conservatism from coming forward when they had a
duty to perform to their country."
Let us add what must have occurred to every man
in the room but one —" when they have such a
leader as the Duke of Buckingham and Chandos."
It is his Grace who has made Buchingharnshire not
only the most Conservative, but the most efficiently
Conservative county in England. Had every county
possessed such a nobleman, we should have heard
little of Whiggery or Radicalism. 'file Noble Duke
has all the qualifications that command the un•

bounded confidence of a moral, a free, and an intelligent
people : such a people require that their leader shall be
loved for his private virtues, respected for his kind tem-
per and demeanour, and proved worthy of trust by his
talents and his undeviating integrity. Beyond this, too
he must have the hearty, tree, and elastic spirit, without
which no man is qualified to lead. Such is the leader of
the Conservatives of Buckinghamshire ; and who can
wonder that he leads the model county of England ?
We must, however, point to a possible delusion into
which the happy and even glorious—for what can be
more glorious than the adoration of all within one's
sphere ?—position of the Noble Duke may have led
him. In Buckinghamshire he sees a people devotedly
attached to Conservative principles, and reposing an un-
reserved confidence in Conservative statesmen, and in
the Conservative aristocracy, because he is to this people
the representative of all Conservative principles, Conser-
vative statesmen, and Conservative aristocracy; but Con-
servatism is, unfortunately, not so favourably represented
in other places, and it would be a hasty conclusion
to decide that all England is well prepared for a Con-
servative administration because Buckinghamshire is
prepared. This conclusion, however, the Duke must
naturally form in the first instance, because, like all truly
great men, he underrates his personal merits and their
influence ; and it is little likely to be shaken by the
suggessions of the hungry expectants of office about
the Carlton Club. We will, however, go a little
way with his Grace. We will ask him what, in-
dependently of his personal virtues, is it that has
won for him the devoted attachment and the bound-
less confidence of the people of Bucks ? Is it
not his immoveable attachment to the constitution in
Church and State, and his indefatigable exertions
for the good of his agricultural neighbours, both at
all times fearlessly attested by his conduct ? Now,
let his Grace look to the list of Conservative
statesmen and to the roll of the Conservative aris-
tocracy, and say to how many can he assign the same
title to public favour and confidence P We do not sug-
gest the question with any disrespectful purpose
to any. It would be, indeed, a severe test
of public and private virtue to bring men to the standard
of the Duke of Buckingham and Chandos, and reject
all that fall short of that standard. We put the ques-
tion, that hie Grace may know that the feeling of the
county of Bucks, or the feeling of all England towards
himself, is no fair criterion of the general sense of the
nation upon the forming of a Conservative Adminis-
tration,

romt ne Courier.)
Two better men and better names could not have.
been found to fight the battle of the Constitution at
W alsall arid Canterbury than the son of Lord Strang-
ford and the brother of Mr. W. Gladstone, the dis-
tinguished Mcruber for Newark. Not, only are they
men of station entitling to respect, but of talent and
character to command and deserve it. The voice of
those two boroughs so represented cannot fail to be in-
fluential in the Commons' House, and in all that propor-
tion so must honour redound to the constituencies,
as well as advantage to the nation. Walsall, as a
trading community, cannot be more appropriately serve
than by the son of one of the most extensive,
able, and succes,ful merchants of this great
empire, who possesses besides the vast additional
recommendation of f:aternal alliance with one of
the leading and most rising statesmen of the day.
Canterbury, the capital of a large and wealthy agricul-
tural county, is in like manner fittingly mated with a
gentleman whose interests are identical with those of the
electors, and who brings as the indisputable voucher fur
his own merits, were it wanting, the half a century's
approved service in the highest walks of diplomacy of
his distinguished father. Such being the unquestion-
able testimonials and rightful claims of these two candi-
dates, it is quite clear that any hostility to their elec-
tion must be grounded upon exactly opposite principles
and qualifications. At Walsall, accordingly, wt,
find Mr. Gladstone, the Conservative, the supporter
of the Church, of the Constitution, and of the general
trading and agricultural interests of the country,
confronted by Mr. J. B. Smith, whose manifesto
is the exclusive ascendancy of one class, and of
his own miserable cotton profits, who as a crab-faced
(the Walsall people are able to see whether the descrip-
tion suits or not) and selfish sectarian would pull down
the Church, and as a Radical would degrade the Mo-
narchy and the constitution to the level of the republican
standard, which is the god of his idolatry. Such is the
man whom a knot of miserable intriguers in Manchester
and this metropolis have set up for the loyal people
of Walsall to tall down before. They are insolently
ordered to pay homage to and return a man too well
known and judged upon his merits for his own town
to be insulted with his pretensions, and whose only qua-
lifications for a legislator, even among his own party
and friends, is that he is a member of the Anti-Corn-
law League.