The Sun.
London, England, 1848-08-07 00:00:00

7', 1948.

TIIE SOUTH OF IRELAND.
TO THE L' Ii OF THE SUN.
Sett,—B, irg al!xious to ascertain the exact state of
the south of Ireland, so as to' be table to take a safe
course with reference to my commercial transactions in
that part of the kingdom, I visited all the towns sup-
posed to be in insurrection, including. Ballingarry and
Killenaule. I s!ept at the later place. last night. -
Wherever I went I found all quiet, and the people
seemed to be averse to any movement that would dis-
tract their attention from the approaching harvest.
There was some excitement created by the rumours
that were in circulation in each place with reference to
what was going on elsewhere, but it appeared to. me to
be merely the, excitement of curiosity amongst an idle
and wonder-loving people.
Every account of what has transpired has been grossly
exaggerated and falsified by the Irish press, and every
man you converse with on the subject of passing events,
official or otherwise, seems to think it his duty to make
out a case of desperate rebellion.
William Smith O'Brien has not as yet appeared in
arms with a view of destroying the English government'
in Ireland. He has simply been eudeavouring
to protect himself from arrest. He has nevi r
had two hundred people about him at any
one time, with the exception of the local mob
attracted by curiosity; when he has been in immediate
danger of arrest, he has thrown himself on the people
about him for protection, he has told them that on
account of his advocacy of their cause he is about to be
torn from his country, and treated as a felon. In an en-
deavour to prevent. his being taken by a large party of
police at Badingary two seen were shot and two or three,
wounded, and at the intercelsion of the priest the police
were permitted by the people to retire, upon condition
that no attempt was matte to take Smith O'Brien, and in
half an hour afterwards the people were dispersed to
their homes, and Smith O'Brien again a fugitive. It is
comain that wherever O'Brien appears the people in the
locality will protect him ; but they will not rise in open
insurrection. Any person who knows Ireland, knows
that a mere rescue from the civil power, is in the view of
the people a very different thing from rebellion. Many
of those who were present told me that they would not
become rebels, they would not join in a rebellion against
the Queen, but that they would protect Smith O'Brien
as far as they could so long as he remained amongst
them. They said " Sure the ouldest blood
in Ireland trusted to the men of Ballingarry."
What could they do ? And I trust that when
the English press comments upon a movement
which may or may not prove to have been an attempt to
subvert British power in this country, they will not for-
get that the inhabitants of one of the most miserable,
poverty-stricken little villages in this wretched country
could have enriched themselves by giving up the three or
four men who fled to them for refuge, but that they were
proof against the temptation, and preferred poverty and
starvation to plenty basely acquired. I believe that it
Smith O'Brien is given up it will be by one of the shop-
ocracy or middle class of the country—not by the
peasantry. I have exhausted every means of gaining in-
formation on the spot where it could be obtained, and am
certain that

Smith O'Brien has hitherto only endeavoured to
preserve his liberty;
That no rebellion was intended at present;
That the revolutionary spirit was confined to a por-
tion of the least influtntial inhabitants of the towns,
and fomented by a seditious press, that wrote what it
thought would sell with a view to profit;
That the Government has either been acted upon by
exaggerated reports, or has availed itself of them as a
means of crushing agitation by a coup de main; and if life
is not sacrificed I, for one, will say that the end justifies
the am, Sir, &c., B. F. LLOYD.
Cork, August 2, 1848.

DISTRIBUTION BETTER THAN

DIVISION. ---
TO THE EDITOR OF THE SUN.
Sia,—The only apologue which ought to be added
to tEsop is one of Erasmus, comparing human nature
to a drunken clown, who, as fast as you help him up
on one side of his horse, falls over on the other.
" Dum fugiunt stulti vitia in contraria currunt."
"11 n'y a rien de si rare dans les sciences qu'une
certaine egalite de raisonnement qui fait qu'en
soutenant une proposition on laisse dans son entier
une autre."—Vernacularly, " Two blacks don't make
a v‘ hite ."

When laws are made by the paradoxically covetous
rich, there will ba a tendency to accumulation which
no pulling of nests to pieces can cure, for, the divi-
sion being somewhat irregular, is repeated hourly.
The modest " Spence's Plan," which we semi-
centinarians remember, proposed an equal division of
land and moveables, repeating the operation of course
in a few years. Ledru Rollin was supposed to have
similar views. Possibly he embarked with aged
Dupont (de l'Eure) lest.the vesssel should be too stiff
and not crank enough. Such personages as he end
Mitchel remind one of the bachelor Sampson Carrasco,
a figure painted with all the vividness of reality, as
if one had seen him before, rushing on the scene
full tilt, out-quixoting the Don himself. Like
Panurge, in the great French romance, he did no
harm to Pantagruel great and good, pio, just°, fort',
pacific° Lamartine, briefly exemplit.)ing the wish of
Piato,. Rep. 5, cited by Rabelais. Happy the land
whose rulers philosophize and whose philosophers
rule. Gargantua, the nursing father, might be Na-
poleon, or Pius IX.. or both. _ -
Accumulation can only be moderated by banks of
discount, and honest paper drawn by real sellers on
real buyers. .. -
Knowing one to be a great sheep-master, you will
surely say—These are pecuniary considerations.
This is just revenons a nos moutons. Why talk of
currency now? You are premature at least; write
to me this day six months. Not so, however. La-
martine's first measure was to set up a great discount
bank with branches everywhere, imitating Napoleon,
founder of the Bank of France, whose notes, accord-
ing to a statement by Al. Thiers, 1840, are not re-
ceived at public Treasuries ! which has kept
discounts at 4 per cent. during twenty years ! !
and which in crises extends discounts immensely ! ! !
Thus Napoleon achieved his own principle, " Draw
from the repositories of wealth sufficient to supply all
who may want employment—this creates a sort of
market or sinking fund fur labour, by which its price
may be kept up." The above sentence you printed
once to oblige me—iteration is a Homeric as well as
House of Commons' trope—few maxims so worthy of
being reiterated. Small notes are made for critical
times—in the meeting of our fleets they saved us and
carried us through the war. As the rumour only of
Lainartine's 11. notes raised the French funds greatly,
so in our panic of 1825 they were received with ac-
clamations. • Lamartine also suspended the converti-
bility; and, as in our Reform year, the " broadsides,"
" To stop the Duke, go for gold," would have justi-
fied such a measure, so Lamartine in effect declared
he•would wait till gold became a sign instead of a
juggle—till public disorder had ceased to make con-
vertibility an engine of terror, which against a good
strong Government is treason.

Sir R. Peel coming into office, 1841, found Bank
of England notes seventeen millions, raised them be-
fore April, 1842, to eighteen and a half Millions, and
by February, 1843, to twenty-one millions ! Sir
Robert's state-craft was amusing; its effects still
more so—these might be enumerated, but at present
it is enough to remind you that, in 1843, Mr. Wok -
ley was " fascinated into paying his income tax,"
which, in 1848, he found unbearable. It was not the
Premier's well-deserved compliments—fair words
butter no parsnips. No, the increase of actual, prac-
tical, rational cash which Sir Robert, no doubt, took
care should be " for business and for return," floated
the Aliniiter in, as the restriction of 1844 floated him
out, and the celebrated majority of 100 depended oil
supplying us with market-money—any congestive
bankerhood to the contrary notwithstanding.
The socialist plan seems well intended and badly
managed.. We must cure this rabies of accumulation
which excites the just fury of Chartists, but whose
remedy they mistake, and rush into a course which,
destroying all confidence, sets the ouvrier still farther
down-the stream. The object is not rabblementing
and division, but advances and distribution. Unless
a step is made in a right direction we shall soon be
brought to the place where nec vitia net remedia pati
possums. Goldsmith warned Egland in a friendly
way, that—
" The time may come, when, stripp'd of all her charms
The land of scholars and the nurse of arms,
One sink of LEVEL AVARICE shall lie,
And scholars, soldiers, kings, unhonoured die."
Your great leveller is moral death, avarice tri-
umphant, "eternal naught, and man's digestive power
and horror of cesspool.
But " Question —How does our monetary system
tend to hoarding and prevent distribution ?
tie
Ans.—
Our stuffs and fabrics, our work and labour under the
e
sun, our fervid industry (fervet opus). bring
lisp
anglaiS. It industry be wise, the wise men came from
here. • Proverbially we know, gold is Engseror
America to Spain, from• Spain to
England, as before
.
the East—the work-bought metals drifted from
from Europe to Asia, besides a
pretty deep drift to
that series of "
pure Caucasians. The origin
ot'
mis-
takes which make millions too poor and thousands too
rich may be that in
countries without credit or con-
fidence, the " oozing " of bullion
contracts their
ev'l *f
cir-
culation necessarily, and is a real 7-1 so, our
jealousy of gold export is merely
priscce vestigia
fraud is. The hundred mints, cent" zecche, of Italy in
he cirque co
110, were indispensable then. Mr. thi-
rteen produced a letter in the House declaring simply,
" In five years you will lose India." Here is another
currency• question enough to plague Lord Brougham's
heart out. Cheshire may he the salt of the earth,
but Cheshire cannot expect Asia to pay for salt and
salt duty the swine quantity of cash-money coin as
when Indian stuffs and fabrics showered on her
kings barbaric pearls and gold. " Do you not see,"
said Raleigh, " that the silk, calico, and spices of the
East swallow up all the mines of the West ?" trans-
lating from Virgil's nonne vides ? Let Mr. Cobden
know that Virgil's temper was never * ruffled
but
once, and then about free trade.
" Hic segetes, illie verdunt felicius
Arbutei fittus alibi iitque injussa vt • • •
rescunt
Gramina. Nonne vides ?"
13,on't ye see ? The first line hits off the old corn-

law an:l Methuen treley ; the in.;u9sa grartstgal 4
root weeds, are precisely Ireland with her Pale Par*
liament wheat, tenant-farming, and landlordism-
Yes, Virgil, who, even in the case of Dido, had not
the heart to make " so.ne Tyrian nobleman kick the
pious ...Eneas, in the fourth book," lost his temper
about free trade, as Raleigh against hullionists, and
absolutely scolded. At present we have fourteen
millions bullion more than we can want, This
blessing, valeat quantum, we owe to some curt
Saxon expletive of the great Duke (long Pro-
visional Government of this country, as T whispery,.._
you, Sir, in 1843), but Sir itobert said, once, at
least, " He wished
Plainly, therefore, it was no Cabinet 'question. Yes,
our stuffs and tabrics bring the gold here, and some
tribunician power forbids the conveyance neat as
heretofore. " Convey, the wise it call." Before the
memorable Committee of Secresy, 1832, 111 N. 111.
Rothschild honestly and repeatedly deposed that gold
was conveyed never to redress balances of goods but
invariably (1)- for loans—repudiated; (2) for nefan-
dous) wars ; (3) for corn—forestalled and r..•grattd,
bought at one end of the town, sold at the other,
bought on the Vistula, sold to hanri•loom weavers at
excellent prices till " the week of Great Delivery,"
mentioned by Sir Robert, and again by the present
Lord Grey quoting him ; after which comes th,: Irish
corn, sells for nothing, and tenants are exterminated,
i. e. extirpated, because they can'.t. pay. Yet the
gold saturation is worshipped to all kinds of music,
because, forsooth, it protects corn trade! (See Al-
sager loc. chat.) The profits on these coups by vast
confederacies make fortunes—the winners play the
money, or lend it to foolish lords and ladies. Exe-
crable love of gold, Quid non mortalia ! (Virgil
again.)
The Times used to proclaim that contraction was
the only way to bring the much-loved metals here.
Their song was partial—but the harmony
Suspended cash.

Gold comes here in despite of contraction. The
ship has too much " way on her " to be suddenly
brought up by any remora. But what is this
London-circulation mysteriously mentioned, which
dissipates the credit and resources of England P
Ministers want more to pay dividends—lords and
ladies want accommodation to drive and dress and
dine. Each private bank respectively has " made an
arrangement" with the great polypus which exists
for everything but ourriers. These bankers, con-
trary to all principle loan our money on mortgage
instead of advancing our money on honest paper
drawn by real seller on real buyer, facilitating and
habilitating bonafide transactions in the usual course.
This is a point of tremendous importance and gives
a real answer to Sir Robert Peel's question, What is
a pound ? A pound is not merely a pound's worth in
general values, tho' even that is nearer the mark than
so much gold. A pound is what will assuredly be a
pound ut a future time, and bankers should take or
buy thins which will be money at a future day,
without having to be sold off like a great moat de
piite of assignats—there amounted in France to many
hundred millions sterling, and the property re-
confiscated by each ephemeral Government, was not
forthcoming after all, which made the case if possible
worse--at all events there could be no buyers, no in-
dustry, no money at a future day. That the French
will try such schemes again is as certain as that we
shall "re-enact the Heptarchy" or plunge into a War
of Roses ! I intended to show how a most stingy and
faithless currency operates on mortgages, mortgagees,
and mortgagors, but the letter is already too long—
non concessere columnce.

I. have the honour to be, Sir, &c.
H. C. ARGENT.

COURT CIRCULAR.
OSI3ORNE, SATURDAY.
The Queen and his Royal Highness and the Royal
Family rude and walked iu the grounds at Osborne this
morning,

The iiuchess of Nemours arrived at Osborne on a ♦isit
the Queen on Thursday, and returned to Claremont
.his forenoon.

The Marquis and Marchioness of Abercorn are ex-
pected to arrive at Osborne this afternoon, having been
honoured by an invitation from her Majesty, and are ex-
pected to remain until Tuesday next.
Lord John Russell is also expected this afternoon, to
remain for a dny or two.

OSBORNE, SUNDAY.
The Queen and his Royal Highness the Prince Albert,
accompanied by the Prince of Wales and younger mem-
bers of the 11,yal Family, walked this morning in du)
grounds of Osborne.

Iler Majesty, the Prince (attended by the royal
household), the Marquis and Marchioness of Abercorn,
and Lord John Russell, attended Divine service at Whip-
pingham Church this forenoon.

The royal dinner party yesterday included Lord Jilin
Russell, the Marquis and blarchiouess of Abercornoind
Sir James Clark.

On Saturday summonses were issued from the Privy
Couneil-uttice, to the Cabinet Ministers and the Officers
of State, to attend a Privy Council on Friday next, at
her Majesty's marine residence, Osborne, Isle of Wight.
His Royal highness the Duko of Cambridge Iloilo', e‘ed
the performance at her Majesty's Theatre, on Saturday
eVening, tlith Ilk presence.
His ltoytil Highness the Duke of Cambridge attended
Divine service yesterday morning, in Foley Chapel.
A deputation from the borough of Wakefield, consist-
ing of his Worship the Mayor, Mr. Alderman Meynell,
and the Town Clerk, had an irterview with Sir George
Grey, On Saturday, at the Home-office.
Lord .John Russell left town on Saturday morning for
her 1114jesty's marine residence. Osborne, Isle of Wight.
Mr. John Wood, Chairman of the Excise, had an inter-
view with the Chancellor of the Exchequer, on Saturday,
at his offichl residence in Downing street.
Dispatches were received on Saturday at the Colo•
from the Governors of the West India colonies

Dispatches were sent off on Saturday evening trona the
Colonial-ottice for the Governor of Gibraltar.

The l)uke of Buckingham had an interview on Satur-
day, with Sir George Grey.
The Duke of Wellington attended the early service
yesterday, in the Chapel Royal, St. James's. The Rev.
Dr. Wt ley officiated and preached the sermon. At the
daily service the prayers were read by the Rev. T. Hel-
ruore, and the lessons by the Rev. Mr. Thomas. The
sermon was preached by the Rev. Dr. Wesley. The
anthem, " Thy word" (Purcell), was sung by Messrs.
Ilobbs, Machin, and Burnaby. Mr. Cooper presided at
the organ.

THE INDEFATIGABLE FRIGATE.

TO THE 'EDITOR OF THE XORNING HERALD.

Sir,—l have read with suri;i;T:n—arTjcle—in the
Morning Herald, stating that the Indefatigable frigate,
hitt ly launched at Devon port, was constructed by me ;
and I hasten to beg you to contradict this assertion,
which is false.

I know not what object your informant could have bad
in imposing upon you, for I have had nothing whatever
to do with the constructing of this ship or the correct-
ing of her lines, as you state, and therefore hope you
will give immediate insertion to this letter.—l am, .air,
your ver) humble servant, EBENR. WOOD.
Devunport Dockyard, Aug. 4.

MEETING ON ICENNINGTON-COMMON.—Yeaterday
afternoon the inhabitants residing in the immediate
vicinity of Kennington-common were in a state of con-
siderable alarm, in consequence of its having been an-
nounced that a meeting or Chartists and Irish Repeaters
would take place on the Common, for the purpose of
adopting resolutions in support of the Irish confederates;
but as it had been ascertained that the Government was
determined to put down the meeting, and that fur that
purpose a strong body of police would be in the neigh-
bourhood, several of the leaders of the. Chartist body And
Irish Repealers had a private consultation, and it was
agreed that the meeting should be postponed sine die.
The Commissioners of Police, however, made amine-
merits to prevent any disturbance of the public
peace, and about two o'clock in the afternoon,
the P, L, R, and M divisions
"of police, under Messrs.
Superintendents Robinson, Rutt, Mallatieu, and Jones,
known
with a number of the horse patrol, took up their station
at various localities, within a short distance of the com •
was appointed to be held at three
man, The
few hundred
not Whom wered.rdpersoil as
l
frequenters of the Chartist meetings at the South Lon-
(1 .',n Chartist Hall, Webber-street, &e. The only knows
Chartist character, as a speaker at these meetings, was a
man named Salmon. Ile was cautioned by Mr. Super-
intendent Rubinson against interfering by delivering a
speech, and was informed that if he did he would be
given into custody. From three o'clock to five o'clock
there was, at no time, more than 2,000 persons present,
nearly the whole of whom appeared to be drawn there
fromen
present curiusity.
in Therepla plain
el
was
a g
T n: largerbe
r of
portionpol ice-
mof
those who were spectators consisted of boys.,. there being
but a few of the female sex present. The police remained
at
Tthuei:; sießvoemral
,srtaßtAioDuEs a:Fa
Sou'rnlate
S
hir.TAFFORDSUIRE.—•
(From our Correspondent.)—HlßMlNGßAK, :SATURDAY.
—I am gratified in being able tod state that within the
faurr
etnig
abundant,
there hasbut been
e
yth,;iiludsissetrdi, .eeaindedadilm.unpereoveumfepnrtibiens
thehas ironbee
been
tradeserseriously
uo
liar iron Orders for eh kinds of
althoughati'inne has yet taken place
upon those fixed at the late quarterly meeting. Another
highly. pleasing feature of the present time the good
understanding which at presentA
ters and the men. equitable adaptation of wages to
the fluctuating price ofu on is now occupying the ear-
nest attention of some of the more influential masters of
South Staffordshire,
with. a view to prevent those dis-
agreements • which of late years have au frequently been
a source of great injury to the general trade of the dis-
trict,
and caused an immensity of suffirring to thousands
of families. Most of the milt and forgemen have re-
sumed work at the late reduction, and the calii;rs and
miners are generally •employed; a portion of the pud-
, lers, however, still hold out, but it is expected that they
also will come in on the same terms as their fellow-
workmen. Pending the negotiations now on foot for a
fair adjustment of the question of wages, it is to be
' hoped that nothing will ne,cur to disturb the friendly
feeling ss hich still exists between the masters and the
workmen, more particularly from the disposition evinced
by the former to recognise, in a fair and liberal spirit,
the claims of the labourer to a participation in his pro-
p, rty .—Morning Post.
We understand that the Paella of Egypt is in a
very precarious state of health, and not expected to
survive.