The Sun.
London, England, 1841-05-03 00:00:00

THE SUN, _LONDON, MONDAY, MAY 3, IR4I.

the most formidable combinations that ever a
Ministry had to encounter.
It is incumbent, therefore, on all who are the
enemies of monopoly in every shape—on all who
pant for freedom of trade and freedom of indus-
try—on all who are opposed, from principle, to
legislative dishonesty, the most dishonest
kind of dishonesty, and most certainly
pregnant with great calamities, if not with
dire and impending ruin—it is the bounden
and the imperative duty of every honest man—
of every religious man, of every humane man—
of every man who wishes for' the preservation of
social order, and hopes for the quiet and peace-
able improvement of the species, at once to rally
round the Ministers and support them in their
efforts, however feeble, but well-timed, to abate--
not, we regret to say, destroy—three of the
heaviest and most unjust burdens and mono-
polies which now weigh on the industry and
prosperity of the nation.

We know, from undoubted authority, that the
Ministers have long been sensible of the neces-
sity of dealing with all these subjects. Last
year Mr. LA BOUCHERE and Lord Jon N
RUSSELL expressed such an opinion. Fur-
ther distress and further decay have forced
the same conclusion on the unwilling Lord
MELBOURNE. Unable to resist the autho-
rity of facts, he has for some time, we believe,
been convinced of the necessity of the alterations
now proposed, and been determined to make
them. Other matters, in the opinion of the
Cabinet, but not in ours, of more importance,
compelled the postponement of these great mea-
sures, till at length, the Bill for settling the
franchise in Ireland being happily got rid of,
and the Budget coining on—which was fixed fur
Friday last, be it well remembered, before the
holidays—the Ministers have opened to the
country the plan which they have devised for
gradually relieving the industry of the peopl
from the accursed fangs of monopoly and injus-
tice.

It was pointedly stated by Lord HOWICK, in
his admirable speech, and assented to by Mr. LA-
BOUCHERE, that these were not insulated mea-
sures, but parts of a great scheme for effecting a
full and complete revision of our tariff. How far
it shall be carried, after such an announcement,
will depend on the people, and on the energy
they display in supporting the Ministers. We
are far from saying that these measures are
enough. We would have a greater approxima-
tion to the principle—as far as timber and sugar
are concerned—that taxes are only to be levied
for the sake of a revenue, and not to give a six-
pence more or less to any class or condition of
her MAJESTY'S subjects. They are all entitled
to equal justice ; and it far surpasses human
ability to devise a system of protection, once
begun, equal and just to all.
As far as food of all kinds is concerned, we
still demand the total abolition of all taxes, for
all such taxes, by impeding the growth of popu-
lation, strike at the root of national greatness
and social improvement. Both depend on the
increase of the people. A sta_ionary, or
a retrograding population, is always mise-
rable and criminal. It is suicidal in :any
Legislature to tax the food of the -people.
It will now depend, however, on the people
themselves how much they are to get. The
Ministers, opposed as they Pre by powerful in-
terests, will not go beyond the line of prudence ;
and the people must be united, bold, and ener-
getic, taking what they can get, and supporting
most cheerfully the Ministers, but not stopping
short of justice in their demand, to enable the
Ministers to do anything for them. Success now
depends on the people ; and, if they be true to
themselves, they may now achieve a great com-
mercial and fiscal reform, the proper comple-
ment to parliamentary reform.

And la us at once tell all the fundholders, all
those who live on taxes, all placeholders and
perisioners, all who depend on the Government
for subsistence, that it is only by promoting com-
mercial reform, and setting industry free, that
they can hope to be paid their dividends
and their salaries much longer. The pro-
ductive powers of industry are limited.
All these classes, and all the land and tithe
owners, with all of every description who live
without being engaged in productive labour, can
only receive the surplus of the industrious
classes. That the former have anything the
latter must be subsisted. But our present
system goes the length of destroying, by its over
rapacity, the industrious classes, and so de-
stroys the only means by which all the others
are sustained.

The public is not, we believe, fully aware of
the defalcation of the revenue. Every yearsince
1837, the National Debt has been annually aug-
menting. Every year since then, the expenditure
has been increasing, and every year the revenue
has been more and more deficient in proportion
to the expenditure. It is useless to tell us, as the
CHANCELLOR of the EXCHEQUER did, that there
have been of late some extraordinary charges
which will not again occur, for every year will bring
its own burden. While that increase of expen-
diture and deficiency of revenue have been go-
ing on, Ireland has been tranquil and troops
have been removed from it. The working
classes of England, too, though greatly aggrieved
and greatly discontented, have submitted to
starvation with even too much patience. Who
will answer in the next succeeding years for the
tranquillity of the two parts of the empire
if the present system be persevered in, or
if its evil be aggravated by the acces_
sion to otfico of the Tories ? Let not the
public deceive themselves by supposing that there
will be no other sources of extraordinary expen-
diture, in the next half-dozen years, than the
Canada outbreak and the Chinese expedition.
There can be no rational hope, while the bulk of
the nation demands a continual extension of the
operations of Government, that there can be any
sensible diminution of the national expenditure.
Well,what then was the deficiency of the revenue
last year? 1,841,097/.said Mr. BARING. But there
was included in it the sum of 1,200,0001. levied on
imported corn, which whole sum will fall away
with the first good harvest. The estimated ex-
penditure for 1841 exceeds the revenue by
2,400,0001. The produce of the new taxes last
year was, as Mr. VILLIERS proved, only 530,0001.
instead of more than three times that amount.
Further taxation will produce a similar or a
worse result. Thus the present system of taxa-
tion cannot be carried further; it is now, on the
average, upwards of 2,000,0001. a year less than
the expenditure, and there is no hope of the
expenditure diminishing. It is as clear as that
that two and three do not make six that the
system cannot be continued; and if the
great multitudes, dependant on the taxes, if all
those who live at ease on the productive classes,
desire and hope to continue in the enjoyment of
their incomes, they must help the Government
to abate or destroy the protecting duties, which,
like every other kind of robbery—for they are
nothing better than a Legislative robbery—de-
stroy infinitely more than they give to the pro-
tected classes.

A crisis is now reached in our financial system,
and the public have the choice offered them of
continuing to levy taxes on sugar, on timber, on
corn, and other commodities, for the avowed
purpose of putting money into the pockets of
sugar planters, timber cutters, rotten-ship owner
and landowners, who perform no services what-
ever for the money, or of abating those taxes,
and taking nothing from the people but fur the
payment of services or debts. The industrious
classes cannot any longer support themselves,
while they work as it were in fetters, and
support the many idle people whom they have
now to subsist. If they decay, however, all will
decay, and it is fbr the interest of all that, .they.
should receive justice, and be at liberty to exer6
themselves. The protective system has renched'.
its culminating- point, and it will depend on the
,00d sense and exertions of the people, uniting

with the Ministers now to abate and ultimately
to destroy that system, whether it shall sink
quietly into annihilation or perish amidst blood-
shed and ruin.

Madrid Papers of the 22d ult. have reached
us. In the Chamber of Deputies on that clay
Senors ALONZO, BRAVO, GILSANZ, LoPEz, and
BURRIEL were elected Ministers of the Mixed
Commission to arrange with the Senators the
mode of discussing the Regency question. It
was expected that the Senate would elect its
members on the 23d.

Letters from Lagrono announce that four bat-
talions of the division commanded by General
ZOBALA passed through that town on the 9th, as
did the cavalry regiment del Principe, proceed-
ing by forced marches into Catalonia, whither the
remainder of the division was to follow imme-
diately.
No business was done on the Bourse on the
22d.

There is no news of political interest in the
French Journals of Thursday. Count de GAS-.
PA RIM brought the subject of the high price of

butcher's meat in Paris before the Chamber of

Peers on Wednesday, and called upon the Go-
vernment to lower the duty on foreign cattle.
This was opposed by the Minister of Commerce,
although he admitted that the home supply
was not equal to the demand. The number of
oxen annually fattened in France is 313,000, the
number killed 483,000. Thus more than one-
fourth the oxen slaughtered in France are not in
a condition to serve for nutritious food. Ger-
many would supply France with an abundance
of excellent beef, but is pie vented by an
absurd tax of eighty francs a head upon
all cattle imported into France. To secure a
ruinous monopoly to the French cattle-growers,
the Government reduces the poor of France to
the necessity of absolutely feeding upon soup
made from horse-flesh! And yet, in the course
of a previous debate upon this question, the
Chamber of Deputies applauded the declaration
of General BUGEAUD, that he would rather see
France invaded by an army of Prussians than by
some hundreds of German bullocks. But great
as is the want of beef in France, the country
must still be content with the bad article sup-
plied by the monopolists at a famine price.
The celebration of the KING'S birth-day on
the Ist, and the baptism of the Count de PARIS
on the 2d inst., were officially announced in the
Chambers on Wednesday.
All the military posts were doubled in Paris
on Wednesday night, and every precaution
taken to prevent an emeute. But up to the af-
ternoon of Thursday the City was perfectly
tranquil.

Tli-e news of the defeat of the English Cabi-
net upon the Irish Registration Bill was con-
veyed to Paris by telegraph, and appeared in
the Messager of Wednesday night.
Lord GRANvir,LE's health is, we are happy-
to state, gradually improving. He is r
however sufficiently convalescent to le-
chamber.

.ot
,ve lii

April, after givin an
account of the condemnation of r to t t •
, A)en Aissa wen y 3gars
har:, labour, and of the behe.:ddlig of eight Arabs by order of
A letter f7„ni Ai
General Niguer, for h':,;ino- asmssinated two French soldiers,
g-iets of the 10th of
April 18, a Mai about highly veneratzd
S.;,u,nadla
executed neat the Babazou Gate. He had
been brought before the tribunal at Algiers for having had a
suspicious connection with the natives, and likewise for
adds
—e
.A 6 On
nbs
having openly preazhed against the French in the Mosques.
He was sentenced to undergo capital punishment, he ap-
pealed, but the last mail from France having brought word that
his appeal was rejected, it was necessary to proceed to the exe-
cution. These capital punishments are unhappily the only
means of awing the natives, who consider any other
punishment as insignificant. The rain has set in again.
fhis may delay the departure of the expedition. The
plain is at present perfectly tranquil, and the convoy an-
rived at Illitlah without being molested. Perhaps Ben Salem
has received orders to go with his forces and join the army of
Abd-el-Kader in the neighbourhood of Alitianah.—Moniteur.
"I he Ministry causes a report to be circulated in the Cham-
bers and in the journals, that it is preparing to order proceed-
ings to be instituted at London, to ascertain the author of the
letters published in La France. The official journal, how-
ever, is silent on the subject, and the public are still reduced
to conjecture and uncertainty respecting the projects of the
Cabinet. —Le Commerce.

BO URSE.--PARis, THURSDAY, APRIL 29.
first Highest Lowest Last
Price Price. Pric.. Price
r-rei.ch 5 per Cents ll3 40 ... 113 40 ... 113 30 ... 113 35
4 per Cents 99 40 ... 99 20 ... 99 20 .. 49 2.1
3 per Cents 7B 90 .78W1.. 78 9t) 18 9)
Rank of I,rance* 2182 50 ..3182 50 ~3182 50
...slB2 51
Laßitte Bank 5,0.00 f. Shares 5157 5U ...5137.5q ...5157 5e ...5157 5)
ge:gian Bank
1841..
Belgian 5 per Cents.
New Loan :01% ... 11% 10.% 1b1;¢
ipAnish Active
Passive 5% -. 5%
veapollt.u.
Roman
ttAILVYAV SHARES.
1.-;ermain
Vecsailles,kt. B 165 305 ... 26) 365
LB 236 25 . 226 25 ...:35 .. 35
Rouen
Orleans • • , . 483 73 490. 488 73 ... 49.)

MONEY and COMMERCIAL NEWS.
(From The Sun of Saturday Evening )
LIVERPOOL COTTON MARKET, Aram 30.—The demand
continues exceedingly limited, and the market very flat and
unsettled in price. The middle and inferior qualities of Ame-
rican and Surat have again declined Is. Bd. per lb., and even
for better sorts it is difficult to obtain our extreme quotations of
last week. All long staple is very heavy of sale. Speculators
have taken 800 bales of American and 450 Surat, and exports,
550 American, and 450 Surat ; '2,850 bales American, 100
Bahia, and 50 Surat, forwarded into the country this week
unsold.

LIVERPOOL SHARE MARKET, APRIL 30.—The transac-
tions at the Stock Exchange to-day have been to a fair extent,
but in prices no alteration :—Birkenhead, New Shares, 18%;
Eastern Counties, bi ; Edinburgh and Glasgow, 37i ; Glas-
gow, Paisley, and Greenock, 24 ; Grand Junctien, 209 i ;
Great Western, 95i , London and South Western, 554.
MANCHESTER STOCK EXCHANGE, APRIL 30.—This mar-
ket has not altered in any material degree :—Manchester ant
Leeds, 63 per Share; Ditto, Halves, 26i ; Manchester and
Birmingham, 254 ; Lancaster and Preston, 321; Ditto, New,
25; London and South Western, 59; Ditto, Tenths, 445. 6d.
Manchester Lfe and Fire Assurance, 94.

Hobart Town Papers to the 26th December and the New
Zealand Journal to the Ist November have been received, but
they are destitute of news.

The Budget has slightly depresssed the British Market.
Consols at one pet iod were done at 90k, since which
they have receded to 90k, with little doing.
This is a holiday at the Bank. The Stock Exchange would
Ms) have been closed had it not been for the Budget.
Exchequer Bibs, 12 14; Bank Stock, 168 170.
In the Foreign Market, nothing doing as yet, and the prices
are mostly nominal. Spanish Active, 23* ; Deferred,
; Passive, 5a ; Portuguese, ; Three per Cents.,
20* 1/2 ; Brazilian, 69 70 ; Colombian, 221/2 23 ; Mexican,
2 ; Dutch Twe-and-a-Half per Cents., b 2 t 1; Five per
Cents., 993
SIIAKES.—Great Western, 30i 31 prem. ; New, 151 -I
prem.; London and Brighton, dis. ; Blaekwall, 54 A
dis.; Birmingham, 71 73 prem. ; Southampton, 581/2 59,
per share ; Croydon, 14i 3/4 per share ; Greenwich, 8* per
share.

PRICES OF SHARES THIS DAY AT ONE.
RAILWAYS. Pdid. Per Share.
Birmingham and Gloucester 100 ... .. 75
Great North of England ... ..... 80
Great Western
Ditto New
Ditto Fifths
London andBrighton
London and South Western 384 .. .. to
Ditto Tenths i* 2/1 to
Lundell and Croydon (Trunk)... 134 i4a to
The Budget is the only topic of conversation to the present
time, and it has not had such effect on the British Funds as was
anticipated. The variation in the price of Consols has been
90i. We hear of only one bargain done at the above price,
since which they may be quoted 94 for the Account; Money,
90i 89/; Exchequer Bills, 14 12 prem. ; Bank Stock, no-
thing done ; India Stock, ditto ; India Bonds, 4 2 prem.
In the Foreign Market there are only four quotations, Spa.
nish Active 23k; Mexican 293 ; Dutch Two-and-a-Half per
Cents.. nothing done ; Five per Cents., 994 .i.
In Shares scarcely anything doing, Birmingham and
Gloucester, 75, Great North of England, 76 ; Great West-
ern, New, 65i ; Fifth., 12A ; London and Brighton, 4sb ;
London and Croydon Trunk, 141.
The Stock Exchange continues open.
Consols, Account, 90e ; Mexican, 29i i ; Portuguese,
331 to 34i ; Spanish, 24 i No business doing.
•

CLOSING PRICES. -
BRITISH FUNDS.
Bank Stock
•• India Stock 254
3 per Cent Red.......... 881! Ditto Bonds 2 pas
3 per Cent C0n5......... 90k Ditto Old Annuities
3-1 per Cent Red........ 97:a Ditto New Annuities —
New 31 per Cent......... 98i Et. Bills, 1,000/....2id 12 pm
New 5 per Cent.......... Ditty 500/ l2 pm
Long Annuities to expire `,..iitto Small l2 pm
Jan. 1860 - Bank Stock for Acct...
Oct 1859 — India Stock for °pg.._
Jan. 1660.
FOiIEIGN FUNDS.
Austrian,
5 reer cent._ Portuguese, 5 per cent.
Belgian, 5, per cent...... Ditto, New Ditto —
Brazi'.,an 80nd5.......... 69% Prussian, 5 per cent.
B-Jenos Ayres. 6 per cent Russian, 15 per cent —
Chilian, 0 per cent...._ Ditto, Metallic —
Colombian, 6 per cent__ 'Spanish, 5 per cent 234
Ditto, 1624
Danish, 3 per cent....... 'French, 5 per cent. —f. —e.
Greek, 18;45, 5 per cent_ Exchange
Mexican, 5 per cent..,, French, 3 percent —f. —c.
Ditto, 6 per cent, 1825. _ Dutch, 21 per cent. ...
Petthian, 1825, 6 per ct. Ditto, 5 per cent

l3irmingham and DSeHrbAyßtraSnw. ay (100 pd) ... 68
Btrtningnam_and Glouuester Hail% av (109) 751
Cheltenhatn and treat Western-(6-4 paid) 32i
- Great North of England Railway 490 paid) 76
Great Western Railway (65 paid) .... -
Ditto New Shares-00 pad
Ditto Fifth-(4-paid) ..
• - London-and kritifiton (50 paid ).;..f.
Inn ion and South Western: .. oBi •
Ditto
Lcndon and Croydon Railway (Trunk) l4i

FLANDERS AND DUTCH MAIL.
BRUSSELS, APRIL 29.—The average price of Wheat
last week was 18f. 21c., and that of Rye JOE 29c. per
hectolitre.

LIEGE, APRIL 29.—This morning a deplorable ac•
cident took place in the coal mine of Ougree.
nine o'clock there was an explosion of gas. The
workmen were all at work, and the cause of the ex-
plosion is not known, the work having been examined
in the morning before the men went down, when every
thing appeared to be sale. Messengers were imme-
diately sent in all directions to otain assistance.
From inquiry made on the spot we hear that twenty
workmen are missing.
BRUSSELS, APRIL 30.—1 t is generally believed that
wither the King of Holland nor the Princes of his
family, can set their feet on Belgian territory without
violating the Constitution.

This is a mistake ; the King of Holland may come
and pass the summer at his seat at Terrouen, take
out a game license, or go a fishing without hindrance.
The folowing is the law
•
IN THE NAME OF THE BELGIAN PEOPLE.
" The nation's Congress declare that the members of
the family of Orange Nassau are excluded from all
power in Belgium."

They are merely excluded from all power; they can-
not be senators or gamekeepers, but there is nothing to
hinder them from coming to Belgium. They aie not in
' the same situation as the family of Napoleon with re-
spect to France. We should not be at all surprised to
ice them come to visit our exhibition, which is at hand,
and take many tickets in the lottery of works of art.
PETERSBURGII, Aram 19.—The marriage of the
Grand Duke Alexander is to take place on the 28th of
April, the day before his birthday.
FRANKFORT, APRIL 25.—it is reported here to-day
that the Princess Mary of Darmstadt, the bide of the
Grand Duke Alexander, has been attacked with the
smallpox, and that her face is so disfigured that she is
hardly to be recognised. (Die Amsterdam papers of
the 30th April state there is no foundation for the re-
port.)

THE HAGUE, APRIL 29.—Hi3 Majesty set out this
morning on a vi.it to Durdrechtand, North Brabant.
THE HAGUE, APRIL 30.—We have already re-
ceived I ere the news that his Majesty the King
arrived yesterday afternoon at Tilling, and was re-
ceived with the greatest enthusiasm by our inhabieants,
who went out to meet him,

TURKISH FRONTIERS, APRIL 15.—Accounts from
Constantinople state that Tahir Paella, the new Capi-
tan Pacha, who held that office under Sultan Mahmoud,
and was deprived of it on account of his too great
severity, has just given a remarkable proof of his
harshness by causing the chef baker of the arsenal to
receive the bastinado. Two Frenchmen in the service
of the Porte are said to have already resigned on that
account.

Reschid Pacha was much indisposed for some day,
after his dismissal, which many persons have been dis-
posed to lay to the charge of the Government. Though
nothing is more natural than that the mortification lie
had received should affvet his health ; however he had
since visited the Grand Vizier and his sucee4sor, %Nat
Paella, by both of whom he was received with much
honour. The opinion that he will soon obtain a
tot eiF,n mission gains ground.
PETERSBURGH, APRIL 20.—0 n the 15th the N
was free Irom ice down to sea. Oa the 17°
the morning, a salute of artillery aim-
at ten in
.
of the navigation cf the river.unced the opening
placed.—Journal of Si
, dnd Issac's-bridge was re-
OUTc, Petersburgh, April 20.
rt.lNDs.—AmbiLiztiAm, APRIL 30.
ills.
Dcznt, per cent
Ditto, ditto 5 per tvr.t.
Amor t Svndle., 4% per cent 9u 901 i
Du) ditto, 354 per cent 7l :4%
Conunercial Company, per cent 16,14 166
Ditto (1835 and 1837) 5 per cent.
Loan 1437, 5 per cent. 9Oa 98
Exchange on London, One month l2 0254
Two months
Dutch Papers, May 1.
BELUIAN F U NUJ—Bitusem." APRIL 30.
Actual Debt, 2% per Cent.
Rothschild's Loan, 5 per Cart ........ 100%
Loan of Thirty Millions, 4 per Cent. 92
3 per Cent.
40) lOO%
Loan of City, 1832,4 per Cent Bl%
Society of Commerce, 4 %per Cent lOO
Bank of Belgium, 5 per Cent .............
National Society .
Exchange on London (shot t)
....Brussels Papers, April 30.
AUSTRIAN FUNDS.—Vts.ir*, Aram 2:
rive per Cents. Metalliques • 16714
Foot per Cents.
Three par Cents.
Rank Shares
Zeituag, April 27
PRUSSIAN FUNDS.— BERLIN, APRIL 27.
Bills. Money.
St. Schuh!. Sch., 4!,,, per cent lO4 10355
Prussian English Loan, 1830, 4 per cent 101 100%
Exchange on London, three months 6 1974
—Prussian Slate Gazelle. April 21.

Thirty.seven