The Sun.
London, England, 1841-11-11 00:00:00

First Magistrate of the realm, whose elevated station
rests on the Constitution for its basis, and whose best
defence is the affectionate loyalty of the nation. Such
lessons, inculcated with the persuasive eloquence which
is inspired by a mother's love, will be accompanied with,
the vigilant superintendence of a mother's eye, guided'
by a mother's heart—watching over his childhood and.
youth with unceasing anxiety ; knowing that it is irs
early life the character receives the bent for good or
evil which it retains, with but few exceptions, in swore
mature life—while the instructions and the guardianship
will be enforced by that which gives precept its efficiency,
worth, which childhood ne.d youth are
and vigilance
prompt to underate.nd and appreciate the practice of
the virtues which nora: Precepts enjoin, and parent.tl
authority is directed to enforce. The personal virtues
of our beloved and estimable Queen wit be ever pre-
sent to the Prince, her son. Thus trained to the
knowledge and practice of every excellence., the newly-
born Prince of Wales will be the delight of the pre-
sent. as we trust be will, a; King of Great Britain, be
the blessing of the future age. May the Cant,en and
the Heir-Apparent—

"Live,
Longer than we have time to tell their years :
And when Old Time shall lead them to the tomb,
Goodness and they fill up one monument !"
That such will be their course—their memorial—nod
that such will he the advantages the present and the
future Sovereign will confer on the British nation, we
expect with confidence, while we desire it with intensity..

STANDARD.—As to the Heir Apparent, we have
a great respect for him, but we hope he will hereafter
forgive us if we make the confession that it is principally
as his mother's son, and as a means of additional happi-
ness to his amiable parents, that he commands most of
our interest at present, notwithstanding tho high
dignities which he already enjoys, and the higher
destiny that awaits him, we trust at a very mature
age, aye, in grey hairs. In calling him by that title,
which will doubtless be his in a few days, we have all
anticipated a little, to avoid an awkwardness somewhat
pedantic—he is not yet " Prince of Wales ;" but he is
" Prince of Great Britain," " Duke of Cornwall,"
Duke of Rotlisay,” " Earl of Carrick," " Baron of
Renfrew," " Llrd of the Isles"—within the week he
will be createl Earl of Chester and Prinee of Wales ;
but this by the way. The happy accident which, on
the Prince's birth-day, asre:nbled so many or the people
of all classes in publ.c, and collected so, .many of
the Ministers and of the great men of the country at
the table of the new Lord Mayor, gave opportunity for
a fuller and more striking display of the genera! enthu-
siasm. We arc mistaken, however, if the great towns
of the United Kingdom will not make an opportunity
for a like exhibition, if one does not offer itself—they
may be sure that they need not impose any restraint
on the feeling that animates all. The most enthusiastic,
we repeat it, are the wisest on all such occasions.

COURIER.—Both in its economical and political
acceptation, the argument of the Herald is sound andi
incontestable against the absurd and suicidal tendency
of the free trade theory, if reducible to practice in the
unconditional sense upon which advocated, and preferen-
tially in favour of the reciprocity system wherever the
country can be met in a corresponding spirit and on equal
terms, vital national interests or fiscal and financial neces-
sities on either side being essentially non-repulsive. Re-
ciprocity was the well understood basis of Mr. Huskise
son's enlightened policy and measures fqr liberating cost-
merce and industry from all possible shackles, and so it.
has been and must be of every enlightened statesman,
who would legislate on the broad principles of that na-
tional interest, founded, after all, on the primary con-
sideration of self-preservat;on. So long as this indispen-
sable preliminary of reciprocity is not attainable in
our intercourse with foreign nations it is evidently arc
obligation to preserve for our own use and behoof such
advantages as we exclusively possess, and therefore it:
is that we stand perfectly justified in those reciprocal
monopolies by which colonial markets are exclusively
maiiitained for the consumption of the productions of
the mother country, whilst the colonies are justliss
indemnified by an equal reservation in their behalf
'of metropolitan supply for their products. Assuming.
for example, that corn and timber from Russia were
licensed for entry here untaxed with duties, differential
or otherwise, is it to be presumed, as the free-trading
theorists are pleased to wish us to take for granted, that
Russia would at once and without application recipro-
cate by throwing open her ports to the cotton and wool-
len fabrics of this country. What. would be the over-
ruling motive that should induce so large a stretch of
liberality? Would it spring from the manifest justice
of the case, or from any obligation requiring her to take
return in kind, instead of hard money, because of the
immense and increasing balance of payments in her
favour which would necessarily grow out of such a vast
excess of her exports to, over her imports from, Great
Britain? Clearly not, for these balances are even now
enormously against this country, and yet Russia, far
from relaxing, is ever and almost annualiy tightening
her tariffs, and gradually more and more ertiuding us
from her markets.

SIONEY MARKET and CITY NEWS•

FROM THE MORN'S& PAPERS OR YESTERDAY.

CHRONICLE—A memorial to the President of the
United States was in course of signature by the ship-
owners of New York, complaining of the appointment.
of foreigners to the situation of American Consuls at
foreign ports, and praying fur the removal from office or
all Consuls and commercial agents appointed by the Go-
vernment of the United States who are not citizens of
the United States.

The fullowillg articles are chargeable with a duty of
10 per cent. ad valorem under the new American Revenue.
Lill :

Worsted stuff goods and shawls ; manufactures Of silk
and worsted ; manufactures of' silks, or of which silk is
the component material of chief value, except sewing silk.
From this classification there will be necessarily ex-
cepted such enumerated articles as were by former laws,
charged with higher rates of duty. such as ready-made
clothing, of whatsoever materials composed, paying
under former laws 50 per cent. ad valorem.
Millinery, hosiery, mits, gloves, and bindings, of what-
soever materials composed, paying under former laws 25
per cent. ad valorenz: '
Coach laces, of whatever materials composed, paying
under former laws 35 per cent. ad valorem.
lIM ALla.—Exchequer bills are . los. to I2s. pre-
mium. Business in the latter Securities is now as regu-
larly transacted as in ordinary times, and as if no frauds
in them had ever been heard of, or the slightest probe-
hility existed that any would be repudiated on present
the general conviction,
tTi ohnii for
cessationp a l' me no tf (:)111.leaxgeiitzaa
tnigo
lei a t
andtheex
cai pt
epnoilenntte do
ntimt
thee
subject teiosualduriiibouttbilletion gfact
itin ground, that all the bills
issued without exception, unless in cases where fraud.
or collusion, is clearly proveable, will be acknowledged.
and received in as values. Until after the trial of the
cpi tiedc tei tt: woulddt ib'
declare
t t
criminal parties, and a full acquaintance with all the
evidence and facts which must transpireenathserd to
ocetasoiedoxet:
e manifestly
Treasury
aillirestl3r should
impossibie,
baesin a position it
is
are, and whick are not to be,
bills admissible, because untainted with fraud so far as
regards the holders. These are the plain features of the
case as now existing, which all the vague and con-
tradictory speculations put forward day by day seem
intended rather to mystify than to render intelligible.
TIMES.—The difficulty of disposing of the loan to
the Federal Government recently allowed by Congress
---a difficulty which is so great that the probability of the
Americans once more trying the London market, as it
were in despair, has been more than once talked of in
our monetary circles—is a subject of frequent discussion
in the United States Journals, and some of those who
from the first were warmly opposed to the distribution of
the public lands now ascribe to that measure a deterio-
ration
of public- credit to such a degree as fullyub-
account for the difficulty of completing
otreds f
scriptions. Beforehand, they say,
with
could hesitate
millions of acres to pledge, no capitalist coo f
_ the cus-
toms advance' his money, but now the receipntse
r can rely;
toms are the only security on which the led
one is re-
fusing most doubtful security i.n case of war—every
are actually
fusine• to come forward, although capitalistse;l, a. money. The
at a loss for a safe investment of their money
Fos?,
scrip is "hawked about," sayspacial cities, the Go-
by brokers in the great common` it hats nothing
vernmeut Call pledge nothing,
have recourse to she
expedient to pledge, and it call e
o loansj' to wipe out old
expedient of making neap to pay interest. It
debts, and borrowingprincipal that a Government
is an extraordinary circumstance
sill off the whole of its national
which a few years ago paitcredit enough to raise a few
debt should Row not have
n tllet from its own subjects.
millions of dollars, air
market
01.
New York a great deal of
In the money
occasioned by the cashier of the
excitement has beenk
moving a defaulter. Legal peaceu
Commercial Ban
against him, and the affair is cited as
had been issued
instances of the evil arising from D.
one of the many .
implicit confidencel-
- banks placing too
rectors o
officers.

THE KNOWING OLD SMUGGLER.

SAFE
A.
Soon'
RRIVAL OF THE CREW OF THE ROSE.
after they parted company with the cutter off
St. Catherine's, to proceed with the prize to Cowes,
the strap of the main-sheet went, and the boom fol-
lowed. The Captain of the. smuggler was very astive
in assisting the cutter's men to repair the damage ; but
it is supposed. that, during the confusion, he contrived
to introduce a nail to the compass, which would not
traverse ; and all their calculations were thus capsized.
They were they knew not where, and he offered him-
self to do his best to take the shattered bark into an
English port. It blew hard all night (Oct. 26), from
the north and cast—the Frenchman at the helm ; and
next morning, when they expected to make Plymouth,
they entered a small French port, to the westward of
La Hogue. The smuggler regretted much to them that
he had not succeeded in taking them into an English
port, hut consoled himself with his having, by their
misfortunes and his good generalship, saved his vessel and
his liberty. The cutter's men, after an absence of ten
days, contrived to reach home, to the great joy of their
anxious families, who considered that the Frenchman
had certainly killed them all, when he bad acted like a
father by them. Some think he assisted the strap of
the block in its parting nionicnts„ but it was so pitchy
dark, that none can tell the tricks he pleyefil
nor how
he was assisted.