The Sun.
London, England, 1840-09-18 00:00:00

THE SUN, LONDON, FRIDAY, SEPTEMBER 18, 1840.

coffers of a batch of monopolists, can no longer have
the slightest influence on the national welfare.

Bank notes are gone out of use for all the purposes
of large traffic, though still retained in use for the
retail purposes of buying and selling. This theory
is confirmed by the present state of the Bank of

England issues, and the issues of country banks.
No person can doubt that the commercial transac-
tions of England have increased—at least doubled
since 1817, but the Bank of England circulation,
which was then nearly 30,000,000, is now not
17,000,000. A similar reduction has taken place in
the issue of country bank paper, • and yet trade

has everywhere increased. To form fine-
spun regulations on the subject of issuing
bank paper, to talk about establishing one National

Bank of Issue, to devise restrictions on bankers, and
compel them, differently from other traders, to give
security to the State for conducting that part of
their business which is confined to issuing promis-

sary notes payable on demand, when the issue c:
bank notes has ceased to have any important im
fluence on the public welfare, on the value o
money, or on the extent of trade, is to lock the
stable after the steed is stolen. The evil of the
issue of bank-notes, whatever might have been
its amount, is now at an end. That invention to save
the use of money has been mainly superseded by
more refilled contrivances. The facts stated by our
Correspondent are the more to be relied on, inas-
much as they knock on the bead his own
favourite nostrum, adopted, however, from
Mr. M'CuLLorH, whose doctrines are daily
proved, and very often overturned by new
facts—of compelling bankers to find security for
the issue of promissory notes.
These facts will teach our meddling legislators
—if they are not unteachable—a great lesson.
The evil they have been troubling themselves to
devise a remedy for, which they have uttered more
nonsense concerning than would fill many volumes,
and have actually filled volumes with their inquiries
into it this last Session, no longer exists for any im-
portant purpose. If they want to control the
currency, they must make regulations for deposit
accounts—they must make laws for check-books—
they must limit bills of exchange—and bills for
the amount of orders—in short, they must inter-
fere with the most private business of every trader
and every banker in the country ; and much as
those gentlemen demand regulations and co-
ercive laws for the poor, they will spurn
with much indignation this system of
meddling with their private concerns. The
gentlemen of the House of Commons, finding they
can no longer effect any great purpose by
making laws about the issue of bank-notes,
and being unable to meddle with checks)
will have to stand aloof and see other parts of
society, like this of bank-notes, run away from their
regulations, and even assume a totally new aspect,
while they are deliberating about what they ought
to do with a system which has almost passed away.
The greatest fool on earth, says Dr FRANKLIN,
is a legislator, devising laws for the regulation of
trade ; and his admirable and foreseeing wisdom
receives " comfirmation strong," by the s;ngular ex-
ample of bank-notes becoming—in a national point
of view—wholly unimportant.

Madrid Journals of the 9th inst. have been duly
received. The towns of Barcelona, Segovia, Gra•
nada, Salamanca, and Huesca, have all sent their
adhesion to the governing Junta of Madrid. This
body has suspended the Regency, and ordered the
removal of all Magistrates who, by resisting the
Constitutional Government, might interrupt the
administration of justice. On the Bth a grand re-
view of the national guards of the capital took
place before Generals lioDir., LORENZO, and Lo-
PEZ ; and on the morning of the 9th 3,000 troops
of the lire arrived and declared themselves in favour
of the Junta. ESPA RTERO had left Barcelona to
join the QUEEN at Valencia, in the hope of pre-
vailing upon her Majesty to yield to the national
wishes before it would be too late. The address
of this gallant patriot to her Majesty is given in
another part of The Sun.

The tone of the French Journals of Tuesday
and Wednesday is exceedingly warlike. The fol-
lowing important intelligence, received this morn-
ing by extraordinary express from Paris, removes
much of the unpleasant apprehensions, to which
the violent language of the French press might
otherwise give rise :

Letters from Malta, of the 7th September, contain
the following important intelligence :—Cout Walewski
has proposed to Mehemet Ali a project of arrangement,
which the Viceroy has decided on accepting. The
Count has set off in haste to Constantinople, in order
to have the project presented to the Divan, through
the French Ambassador, M. de Pontois.

Among other clauses contained in'this project, there
is one, it is asserted, which is likely to facilitate the
almost desperate arrangement of the eastern question
—riz., Mehemet Ali consents to accede to the proposal
of possessing Syria for his lite only.
This news is not so improbable as it at first
appears from the repeated declarations of MEHE-
MET ALI that he would yield to nothing but de-
feat. The bravados of the PACHA were the
natural offspring of his Highness's reliance upon
the support of France. Finding, however, that
France, in taking up arms, hail no intention of de-
claring war against the Allied Powers, or of re-
sisting the blockade of Syria, it is probable that
the PACIIA prudently resolved to yield to a neces-
sity which, if resisted, must involve himself and
his family in one common ruin.

TREATY OF COMMERCE BETWEEN
FRANCE AND ENGLAND.

We are enabled to state, that the British and
French Commissioner have brought to a close their
negotiations for a treaty of commerce between
Great Britain and France, and that it contains seve-
ral clauses highly favourable to British manufac-
tures. The very few points which may be considered
open are mere technicalities, of no importance what-
ever. But for the unpleasant differences which have
arisen on the Eastern question, the treaty would have
already received the signature of M. 'rhiers. Mr. Por-
ter
remains in Paris, and there appears to be an under-
standing that the treaty will be signed the moment the
political horizon shall have brightened up.—Galignani's
Messenger.
TURKISH CABINET.—The following modifications
have taken place in the Turkish Ministry :—Rifat
Bey, formerly Councillor of the Ministry of Foreign
Affairs, and at present on a mission to Mehemet Ali,
has ben elevated to the post of Sadaret Mustechari
(Councillor of the Grand Vizier ; Ali Effendi, pro tem-
pore Councillor of the Ministry of Foreign Affairs, has
been &finitely appointed to that situation. He is
replaced in his office of interpreter to the Divan by
Essad Sarfet Effendi, formerly director of the Mimi-
!cur Ottoman; Muhib Effendi, formerly Sadaret Mus-
techari, of which office he will continue to discharge the
duty until the arrival of Rifat Bey, has been appointed
Davi Naziri (Minister of Justice) ; Najd.) Effendi, at
present filling that situation, is appointed a Member of
the Council of Justice, continuing to hold at the: same
time his office of Inteufant of the Sultana Atie.
The Monileur mentions that the Governor of Mar-
tinique had emancipated 134 slaves on the 21st of May
and 26th of June last—viz. 41 males, 52 fe males, and
41 children ; and that the Governor of Guadaloupe had
emancipated 35 slaves on the 6th of July last—% iz. 11

moles, 16 lemale, and S children.
DAMASCUS JEWS.—The Temps asser►s that Me-
hemet Ali had anticipated the petition about to be
presented by Sir Moses Montt_ flora and M. Cremicux
for the pardon of the Israelites condemned at Damas-
cus for the murder of Father 'ihomasc, and had re-
mitted the sentence, in consequence, us he added of
four of the accused having died fron-I, the tortures in-
flicted on them.

The Journal do Havre says, The Minister of War
has just announced to the Prefect of the North, and,
doubtless, to the Prefect of the oth Qr frontier depart-
tnents, that 56,000 infantry, and 20. 000 cavalry will
be quartered on the inhabitants of tlik frontier towns
during a part of the year.
We are then going to enter on a perms. ',put situation.
It is not a state of war, says a Journal of .Valenciennes,
it is doubtless a state of neutrality,—Le Ca,, amerce.

A letter from Interlaken, of September 9, in the
Observateur Suisse, says—
" A terrible catastrophe occurred yesterday on the
Harden. Colonel Rowley, son of the Admiral, went
yesterday to the mountain with his two daughters
and his son, who is still a child, and very impru-
dently took no guides. When they had got to
some height, the youngest daughter, sixteen years of
years of age, stumbled and fell down la :precipice. The
son and the elder daughter seized with terror fell also,
but were so fortunate as to support themselves
by laying held of the shrubs till the cries
cf the father were heard by a labourer named
Goldsedyler, who was mowing at a short dis-
tance. This man, though he had lost an arm,
happily succeeded in rescuing the two cadren
from almost inevitable death. Meantime, other per-
sons who bad hastened to the spot looked for the
youngest daughter. The dead body was brought into
MN.
Interlaken in the evening.lf —mointeur.
BOURSE.—PARIS, WEDNESDAY, SEPT. 16.
HALF-PAST THREE.—The Market has been brisk, and
a great deal of business done. The rise which took place
yesterday has been followed by a further rise. The great
sales of the last few days have led to repurchases and re-
alizations of pro&ti. For the Account, the Three per
Cents. opened at 731., declined to 721. 75c., advanced to
741. 90c., and closed at 74f. 75c. ; a rise of lf. 75c.
The Five per Cents. opened at 1051., fell to 1041. 90c.,
rose to 1061. 70c., and close at 106 f. 25c. ; a rise of if.
45c. For money, the Three per Cents, are 2f. 35c., and
the Five per Cents, 2f. higher. The Bank of France
Shares have recovered 150 f., and the Belgian Bank
Shares 2W. The Laffitte Bank Shares are as yesterday.
The Belgian Five per Cents. have improved i per c,2nt. ;
the Three per Cents. 2 per cent, for the Account—the
latter 64f. and 65f. The Spanish Active 4 better, having
had but the one price of 23. The Passive is i better.
The Neapolitan Bonds are .50c. higher, and the Homan 2
per cent. Railway Shares have slightly improved.
First Highest Lowest Last
Price Price. Price. Price
French 5 per Cc nts lO5 ... 101 50 ~, 105 ... 100 tO
4 per Cents 9B 75 ... 98 75 ... 98 75 ... 98 75
3 per Cants 73 25 .... 71 75 ... 73 25 ... 74 75
Rank of trance
Latfitte Bank 1,01,91.
5,001)1. Sh •••• 5025 ...5030 ... 50?5 ...5030
Belgian Bank
SO5 ... 1;20 ... 8,5 ... 820
5 per Cents 96 ... 96 ~, 98 ... 96
Spanish Active t.:3 ... 0 ... 23 ... ...3
Passive 511% ••• 5% .. 51it ... 5%
Neapolitan
Roman 96 ... 97 ... 96 ... 97

EXTRAORDINARY EXPRESS

FROM PARIS.

The iTfonitcur of yesterday contains a Royal or-
dinance, calling into active service the reserve
of the classes of recruits of 1834 and 1835.
Another ordinance declared that public utility ur-
vntly requiring the execution of fortifications round
Paris, the Minister of Public Works was authorised to
proceed forthwith to the appropriation of the ground
upon which they are to be erected, and a credit for
that purpose was placed at his disposal to indemnify the
owners.

—....-._.
Another ordinance opened a temporary credit of
6,000,000 of francs for tile Minister of War to meet
the expenses of these works, which had already com-
menced at Mont Valerien, St. Denis, Fontenaye, &c.

•
From the accounts brought by the Papin, which
left Alexandria on the Ist instant, it appears that
Admiral Stopford, on being informed of the ex-
pected arrival of a French vessel loaded with artillery
and amrnuition for the Paciia, had issued orders for its

•
capture.
The French fleet ;Allier Admiral Hu on was off Cc-
rigo on the 30th ult.

THE CHRISTIAN CHARTIST

CHURCH.

(From the Scots Times.)
The Noddy Church, occupied by the Chartists, which
contains at a pinch about 1,500 persons, is now occa-
sionally found to be far too small for the multitudes who
throng to it from all quarters of the city, so much so
that the passages, staircases, and every other corner, is
sometimes filled even before the hour of commencing
the service. We can affirm that this was the case

on the afternoon of ►unday last, when we at-
tended to take notes for the present sketch ; and
had it not been for the kindness of one of theinanag-ers,

we would have had to depart without accomplishing our
object. We come now to the rules and management of
the Church. On this head it perhaps would be as well to
allow the managers to speak for themselves. In an ad-
dress to the " Members of the Chartist Worshipping As-
sembly," which is drawn up in the form of a Report,
printed by the Committee, and which we published at
length in this Journal a few months since, we find the fol•
lowing passages:—
" We commenced, then, in the month of September,

in the hall in the College Open, under very promising
auspices; and although we have been persevering for these
five months, we have never found ourselves in want of
preachers, who have declared to us the counsel of God,
not in the fashionable rhetorc of the day, but in the sim-
plicity of the Gospel."
" Our Society has been commenced and carried on in
the true democratic spirit of the Gospel. . . . We
therefore conceive that it is necessary that we should ac-
knowledge all men equal, and that he that is chief should
be as he that cloth serve, and that the elder should serve
the younger, thus rnanifeving to all that whatever gifts or
graces we possess should and ought to be directed to the
cause of God, and exercised for the good of all."
After some statements respecting the election of a
chairman end vice-chairman to conduct the sermons, in the
event of a lack of volunteers as preachers, the appointment
of a precentor said door-keepers, the report proceeds—
" Your Committee think it unnecessary to introduce seat-
lettirg into your Church. They conceive it breathes too
much of shopocracy. They therefore wish to remove this
evil also from the Church. The rich and the poor wiil,
therefore, no longer sit distinguished from each other ; all
will be welcome.

As to the doctrine, your Committee approach this part
of the report with great caution, not afraid of encoun-
tering the difficulties attending such a task, but, in defe-
rence to the feelings of our brethren who may never have
had opportunity of examining and weighing the truths of
Divine revelation. We would only recommend the Bible
as our exclusive rule of faith—and adopt the advice of
the Apostle Paul—" Let all things be dune decently a.nd
in order."
As the affairs of no church can be carried on or con-
dueted without money, your Committee will depend
wholly on the free and voluntary offerings of the people,
who may, from time to time, worship along with them.
And as the poor have always been the peculiar care,
feigned or real, of the church, we recommend that, as soon
as possible, a sum will be appropriated fur them.
Another very important part of our work we would also
bring before your notice—namely, the sending of mis-
sionaries to explain our views, and, if possible, to establish
churches in every town and hamlet. The allowance for
these shall be lett to your own liberality.
We now come to the outward ordinances of religion—
namely, marriage, baptism, and the Lord's supper.
As to marriage. Your Committee propose that the
parties be attested by two witnesses, and united if of pro-
per age ; and that the ceremony be performed by the Chair-
min or Vice-Chairman.
As to baptism, Your Committee consider that it may
be performed at any age. No particular period if life is
alluded to in Scripture. We purpose that the Chairman
perform this duty also.
As to the Lord's Supper. Your Committee arc of opi-
nion Caere is no allusion in Scripture to the frequency of
showing forth the Lord's death till he come, we would
leave it to the members of the Church who shall assist
each other in the solemn service."
A host of Scripture passages arc then given in support
of the views hid down in the report. Then follows an
excellent appeal to the members, which is signed by Mr.
Malcolm M'Farlane, the Chairman, Mr. Walker, Mr.
Bryan, and others.
With respect to one of the ordinances alluded to in the
report, viz., baptism, we believe there is not a church in
the city where it is more frequently performed. Some
Sundays not less than nine and ten children have been
named. We do not wonder that the clergy of the Esta-
blished Churches look with peculiar feelings upon an in-
stitution such as this. Verily, it may be said, if things
continue at this rate, their Dianas are in danger.
Like the other individuals who generally officiate in this
church, Mr. M'Ewan is a working man, and although
possessing few of those qualities which some people think
necessary to the occupant of the pulpit, is nevertheless a
very powerful preacher. He is no ordinary man,