The Sun.
London, England, 1841-08-07 00:00:00

LONDON
SATURDAY, AUGUST 7, 1841.

The Morning Post, which is the accredited
organ of Sir ROBERT PEEL OR the subject
of the Speakership, and is chosen to con-
vey to the public as much as he pleases
to make known of his secret and pro-
found meditations, was yesterday wrathful be-
yond measure against the advocates of the re-
peal of the Corn-laws. Its wrath will probably
be increased to-day, after it has seen that its
great coadjutor in Toryism, and its rival in Sir
ROBERT'S good graces, the presumed organ of
his commercial policy, gave yesterday the place
of honour to a communication recommending,
and emphatically enforcing its recommendation,
that a speedy reform should be made in the
Corn-laws. The Times, as we stated last Thurs-
day week, is a sort of free-thinker amongst the
Tories, and we then quoted a passage in which
it did homage to the principles of the Whig bud-
get. The letter which appeared in it yesterday,
confirms the schism between the Tory journals,
and demonstrates that this united and homoge-
nous party i 3 split into violent factions, wrath-
fully contending for the most opposite principles.
The anger of the one Journal and the recom-
mendation of the other, are convincing proofs
that the good cause of Corn-law repeal is making
rapid progress. Nor are the arguments by which
the bad cause is defended less an indication of
the same fact. For example, the Standard last
night made it out that rent forms part of the
cost of producing corn. In Great Britain rent is
increased by the Corn-laws ; and the Corn-laws
are kept up because it costs more to grow corn
in England than in other countries, or because
rent is high. Thus, according to Pro-Corn-law
logic, the Corn-laws are the parents of the fact
which Corn-law advocates say makes Corn-laws
conclusion to which all Anti-Corn-
lawneessary, a c
men assent. They assert that Were there no
Corn-laws rent would not be so high, the cost of
obtaining corn would be less to the consumer,
and there would be no presumed necessity for
the Corn-laws. Our enemies arc evidently fall-
ing into confusion preparatory to a rout,
while
they are boasting of a victory.
The acquiescence, however, of the Times in
the necessity for a speedy alteration of the
Corn-laws, substituting a moderate fixed duty
for the sliding scale, awakens other reflections.
It is so opposite to the declarations and views of
its party, that it must be dictated by an over-
whelming, cenviction. All the accounts received
from the manufacturing districts are most
-gloomy, and they all concur in this, that what
has yet happened is nothing compared to
what is about to come. In the ma-
jority of cases paper currency represents
hopes rather than realities. It is to
be liquidated by future production. As hope
fails, and future production is checked, the
means of liquidating much of the paper afloat
disappear. Hence people say, and we are afraid
on good grounds-- for the majority of the elec-
tors having decided in favour of injustice, hope
has in many eases come to an end—that there
are large masses of paper afloat which will never
be raleemed. A partial cessation of work in the
manufacturing districts is looked on as the be-
ginning of extensive and numerous bankruptcies.
Hence, gloomy as are the actual accounts from
the manufacturing districts, the anticipations are
still more gloomy, and in many cases border on
despair. This state of things is forcing the
Tories, even before they are in office, to repudiate
the principles on which they have broken up the
Government.

Such a circumstance must generate great mis-
trust of the Tories, whether their conduct be the
result of ignorance or mere factious ambition.
"Wa charge them with the latter. That great
dlsires4 existedin the manutacturingdistricts, and
had existtal for some time, was know long be-
fore tisobadgut was brought forward. NtJUIP.