The Sun.
London, England, 1841-08-16 00:00:00

gislative privileges—men whom no one who knew them
would trust with his uncounted purse.
GLOBE.—" No man in his senses can doubt," says
the Times of this morning, "that if the Whigs had re-
signed in April without introducing their budget, and
Sir Robert Peel had then succeeded to power, the pro-
bability of a satisfactory adjustment of the corn question,
and of all other commercial questions, would have
been much greater than it is at present." No
doubt about it ! And "no man in his senses can
doubt" that, if the Report of the Import Duties Com-
mittee had never been published, the probability of
" satisfactory adjustment " would have been still
stronger. And "no man in his senses can doubt," had
the recent harvest weather been better, that the Times
would hive been still more eager to suggest Corn-law
reform through its " correspondents ;" and the prospect
of a "satisfactory adjustment" would have been still more
immediate. But what adjustment would be satisfactory ?
That is the question : and it is a question for which the
slippery scale party have no answer. The Times'
" correspondents," indeed, have answered it by saying—
Exactly such an adjustment as the present Government
have proposed—that is to say, the adoption of a moderate
fixed duty. But the Times dares not now say so
much, except in the guise of an alter ego. It whines
about its consistency ; but it dares not show it in its lead-
ing articles. That is quite a sufficient proof that the
" great national party" of the Times are wavering be-
tween a fair and foul-weather budget. And we are bid
to believe that their waverings would have been much
more likely to result in something "satisfactory," if
the present Government had not stirred the question!
Now, we are quite confident that, whatever motives
have been attributed to the leaders of our party for
having identified their cause with these questions, of
this, at least, there cannot be the smallest doubt—that
they have given an impulse which no other course could
have given to commercial emancipation ; and rendered
its triumph not only probable (whether or not satilfix-
tory to the Times), but certain. The " pressure from
without" for release from the fetters of landed oligarchy
would have been vague and discouraged indeed, had not
the leaders of this great party (from whatever motives,
which candour or calumny may read as they please)
placed themselves at its head, in accordance with their
best previous proceedings and principles. If Ministers
had resigi, led in April, making no sign of fiscal reform,
how plausibly, and indeed legitimately, Sir Robert Peel
might have quoted the precedent for abstaining from dis-
turbance of our great agricultural and colonial interests!
It would, indeed, have been impossible fir him to propose,
anything unpleasing to those interests, after even a
Liberal Government should tacitly have declined doing so.
COURIER.—WeII and painfully are the Ministerial-
ists aware that from whatever other source embarrass-
ments may arise to a Conservative Administration (and
no Administration can, in these troublous times, hope
to be free of such), none need be anticipated from the
feeble and distracted Opposition they will be able to
muster. As an able Radical Contemporary lately ob-
served, it is not from the wreck of an indifferent
Ministry that a vigorous or formidable Opposition
could be constructed. The materials have been too
sadly damaged in their old position to be good for
any thing in the new. The ablest artist would fail
to forge out of an infusion of worn-out Whigs and
red-hot Radicals anything in the shape of a compact
or potent Opposition. There is an incongruity in
the elements, and a dissimilarity in the objects,
that were the Members of the Commons likely to be
opposed to Sir Robert Peel's Government, far more
numerically powerful than they are, would prevent them
from acting with effect. Can it be supposed that the
old Whigs, those who pride themselves on their re-
spect for constitutional principles, who retain some no-
tions of honour, and some regard for public credit, will
fraternize with the -.Roebucks, the Cobdens, and the
O'Connells? The notion were preposterously absurd.
Indeed the latter has already renounced his connection
with the Whigs. Lord John Russell's manifesto was
too milk and watery for his taste, and the Loyal Repeal
Association has consequently pledged itself against
uniting with any party who will not own the ballot as an
article of their creed, and against any Government that
will not make :the dismemberment scheme a Cabinet
question. The proposer of this pledge was cunning
enough to perceive—so utterly hopeless was the pro-
spect of-their return to office—that it could by no means
embarrass the Whigs ; and he was also mean enough to
take advantage of their weakness and to repudiate their
alliance.

in British goods, that fact would at once show the utter
falsehood of the Peel doctrine, that the continental na-
tions would not adopt the principle of reciprocity, for if
they should take payment of 1,000,000 of quarters of
grain from us in British goods under our existing vicious
commercial code, they would take payment of twice as
much from us in the same way, if we adopted a liberal
system of commercial policy. In the mean time, we re-
gret to learn that large shipments of British goods have
been lately sent to the Continent, on consignment. Had
there been a demand for them at the present reduced
prices, this species of exports could not have taken place;
but that the fact is so, we hear from good authority.
Many respectable persons have been compelled to
ship goods for the Continent on consignment, be-
cause they could find no sale at home, and were obliged
to adopt the consignment system, in order to raise money
to meet their current engagements. If there were good
grounds for expecting a demand from the Continent,
equivalent to the price of 1,000,000 quarters of corn, the
low price of British goods would soon vanish; for, in
consequence of the mill-owners working short time,
there has been a great diminution of production.
The Corn Market to-day continued at about Wednes-
day's prices. The computations as to the quantity of
continental wheat that will be required, of course vary
very much, and must remain so until the produce of the
crop can be better known. Some parties still maintain that
the quantity must be nearer three millions of quarters
than two millions, but under any circumstances there
must be an importation to make the Directors of the
Bank of England tremble for the consequences. On the
15th of June last, remarking on the evidence of Mr.
Horsley Palmer before the Committee on Banks of
Issue, we found that the transmission of bullion , and
the use of a credit by the Bank of England upon Paris
amounted to fully 10,000,0001., between January and
October of 1839, in consequence of the bad harvest of
1838, and observed that " should another unfavourable
harvest, therefore, be experienced in this country, the
Bank of England could riot expect aid from the Bank of
France, but would have to rely on her own resources ;"
so that with little over 5,000,0001. in her coffers, the Di-
rectors would have to find something like 10,000,0001. of
bullion, supposing their position to stand much as it does
at the present time, (that is, the same as in June last),
and the price of corn to be as high. and the importation
as great as it was in the years 1838 and 1839. All eyes
are turned to the atmosphere, and the truth of our re-
mark that, in this uncertain climate, " no one can tell yet
what may happen this season before the crops are
housed," is fully verified, with this exception, that every
one can ;tell with considerable accuracy that the crop
must :assuredly be a deficient one.
POST.—The home funds opened well this morning,
Consols for the Account being quoted at !Oil, buyers,
but before the close of business the Market again as-
sumed the same heavy appearance that it did the day
before yesterday. A number of sales were effected in
all the permanent securities, tho cause of which was not
generally known. Late in the afternoon, however, it
was confidently reported that five ships of war had been
commissioned for immediate service, and that the force
was to be increased to fifteen, the whole being about to
proceed, with an ample complement of armed steamers,
to the westward, to make a formal demand of the surren-
der of Mr. M'Leod by the American authorities.
In the Foreign house an attempt was again made to get
up a show of business by the party concerned in the
Boulogne enterprise, but it totally failed, and has, in fact,
left the Market in a worse state than it was in before.

WOOLWICH-FRIDAY.

ROYAL ARTILLERY.
GENERAL ORDER, AUG. 5.
Second Lieutenant Neville is transferred from Captain
A. Macbean's Company (Gth battalion) to Lieutenant-
Colonel F. Macbean's Company (sth battalion).
By order of the Master-General,
H. D. ROSS, Colonel, Deputy Adjutant-General.

GENERAL ORDER, AUG. 6.
The Master-General has been pleased to. appbint Lieu-
tenant riarrison to the Company of Gentlemtai Cadets,
vice Tireman, promoted.
Lieutenant Willis is posted to Captain Trevbr's Com-
pany (2d battalion).
H. D. ROSS, Colonel, Deputy Adjutant-General.

GENERAL ORDER, AUG. 7,
In consequence of the promotion of Captain Ord to a
company in the regiment, the Master-General has di-
rected him to be relieved from his employment as In-
structor in Practical Artillery at the Royal Military Aca-
demy, in order that he may return to the general duties
of the regiment, in conformity with the principle laid
down by the General Order of the 7th of February, 1833.
The Master-General has therefore appointed Second
Captain Wilford (now Instructor in History and Geo-
graphy) to succeed Captain Ord as Instructor in Practi-
cal Artillery, under the same conditions, with respect
to removal, as already established.
H. D. ROSS, Colonel, Deputy Adjutant-General.
Captain Mitchell has taken charge of Captain Drew's
company, 9th battalion, until further orders.
Captain Molesworth's company, 6th battalion, corn.
menced a course of Repository instructions on the 10th of
August.