The Sun.
London, England, 1848-02-29 00:00:00

,i, 74

DISCOUNT COMPAN
70 THE EDI roil OF Tli A
SIR, —I have noticed in your journal
some remark; with regard to a discoun .to
course of formation. Now, as I was, I i
to call attention publicly to the subje 41
claim the indulgence of making a few re
In the Liverpool Mail, of November 13
lished t-vo letters siealed " Incognito," callkistilp44loa M.. 410
to the subjcct of bills of exchange, and their importance,
with the 17causes and effects of their having been
thrown out of circulation ; at the same time giving a
sketch of a plan for forming a company on the principle
of mutual insurance, by which I proposed to attain the
following results, with safety to those carrying it out—
with immense benefit to the community at large, and to
trade generally, and yielding a handsome return fcr the
capital employed.
It would restore confidence:and insure its continuance;
it would protect people in business from the heavy and
uneven losses to which they have been liable from the
credit system on bills of exchange; it would place busi-
ness on a firmer and safer footing generally, and check
the growth of undue credits; it would provide a safe
and available circulating medium at all times, and would
make people of business to a great extent independent
of bank restrictions and Government disabilities; it
would place the controlling power in the bands of
those for whose interest and protection it has been
established; it would cheek, to a great extent, the heavy
fluctuations in the value of money ; and it would guard
against, to a certain extent, the undue depreciation and
sacrifices of produce and marketable securities.
I also sent a few copies for private circulation in Lon-
don, my object being, in the first instance, to call atten-
tion to the subject; and, although the plan of the pro-
posed company, so far as you notice it, agrees in many of
its p7incp'es with mine, I think I could furnish work-
ing details of one which would more fully attain the
desired end, and the results of which would be more
comprohenaive—or, perhaps, a modification of the two
might be advantageous. I would also suggest a very
great alteration in the system of business generally, to
which I have slightly alluded in one of my letters.
The importance of this subject, and the notice which
it is beg]nning to attract, must be my excuse for trou-
t bling you at such length; and, as it may further the
object, I give my name, although, for several reasons, I
would have preferred preserving my " incognito."
JOHN B. BROWN.
Liverpool, Feb. 26, 1848.

/tritA4,-,
Itiikr •

THE NATIONAL LEAGUE.
TO THE EDITOR OF THE SUN.
Sin,—l think I express the sentiments of nearly the
whole of the Liberal party in this district, and indeed
throughout the kingdom, when I hazard the opinion that
we must make another grand and united effort.
We have laboured hard and sacrificed much to pro-
mote universal peace and brotherhood among the nations
of the world, to relieve the poor of the land, to open a
channel for their industry, and to forward the social pro-
press of society but it would now appear from the
Budget of our so called Liberal Ministry, that those
labours are likely to be in a great measure lost to us.
The attempted imposition (uncalled for) of an odious
and inquisitorial war tax in a time of peace, being almost
the only measure proposed by the present Ministry, has
elicited a feeliag of the most intense disgust and disaffec-
tion throughout the whole land ; and any one looking
at the debates in the House of Commons, cannot fail to
perceive that instead of "helping us," as Cobden advises,
they appear to have aided the aristocrats in trying to
bring our free-trade principles into disrepute.
Tnere remains, therefore, nothing for us, in my
humble judgment, but to procure again the immediate
and unmistlkable declaration of public opinion on this
subject ; and I would respectfully suggest to the whole
body of the free traders the immediate formation of an
association, to be called " The National League,"—to
tecure " Liberty, Peace, and Freedom of Trade."
The commit:ee to be, the Executive Council of the
late National Anti-Corn law League.
Objects :-
1. To aid in carrying out, to the fullest extent, the
principles of free trade.
2. To relieve industry, by procuring the removal of
all indirect taxes, and substituting others more rational
and just.
3. To procure the abolition of the laws of Entail and
Prim ogeniture.
4. To procure a more fair and equitable representa.
Lion of the people in the House of Commons, the great
majority of whom are mere nominees of our landed aris-
tocracy.
5. To obtain justice for the people of Ireland.
6 To improve the character of our army and navy,
by securing to merit and long service a fair and legiti-
mate reward or promotion.
7. To guard against our ever again being plunged
into a bloody and expensive war, through the dan-
gerous and unconstitutional tendency of our aristocrats
Co interfere in the affairs of other nations,
8. To procure a fund for carrying out the above ob-
jects in a legitimate and constitutional manner.
It is true that Manchester, Liverpool, Birmingham,
Leeds, and many other towns, together with nearly the
whole public press of the country, are speaking in terms
of strong disapprobation of the Government measures,
and also that it is proposed in Yorkshire to have a
grand West Riding meeting" on the subject; never-
theless, as our aristocracy, both Whig and Tory, are so
firmly yet secretly bound together by the ties of afalse
and imaginary self-interest in opposition to us, I see no
chance for us but by uniting ourselves again and
demanding a fair and honest recognition of our prin-

ciples.
As merchants and traders in this great kingdom, we
do not desire to escape or evade legitimate taxation, but
we insist on having it placed on a more fair and equit-
able and constitutional basis than it is at present.
We abhor a system of "indirect robbery" of the poor,
and I think the general opinion of all the free-traders
will be found to be, that w•e do at once " speak out,"
and tell our opponents that we arc prepared even yet to
make tenfold the sacrifice of time, money, and labour,
if it be required, in order to secure our complete emen-
cipation.
I have the honour to be, Sir,
Your most obedient servant,
Leeds, Feb. 28, 1848. GEORGE WILSON.

NAVAL INTELLIGENCE.

PeratouTn, FEB. 26.—The circumstances of the long
quarantine under which it was deemed necessary to
place her Majesty's steam sloop Growler at Bermuda
has excited some attention here. This steamer was last
year sent out by the Lords of the Admiralty to make
experimental trips for the purpose of testing the practi-
cability of conveying free labourers by steam from the
coast of Africa to the West Indies. The undertaking
was considered at the time to be one of great danger to
those engaged in it, and requiring en officer of some
energy to conduct it. For that purpose the Admiralty
selected Commander Potbury, a skilful seaman, who,
unfortunately, last fall, died of the coast fever. It ap-
pears that his successor, Commander Hall, has had a
very dangerous attack of the same disorder, and was
slowing recovering when the Persian left on the Bth
instant. The Growler will shortly come home, when, in
all pro'eability, her crew will undergo a second quarantine.
It is rather improbable, with such fatal experience, that
their Lordships will send her a second time on such a
dangerous expedition.
This port and its vicinity for the last 24 hours have
been visited by very heavy gales from the southward,
veering occasionally to the eastward, bat principally
from the westward or south. The sea rose and fell a
great height. At high tide it dashed with violence
against tho breakwater, and at times enveloped the
lighthouse in a thick foam, which ascended above the
,antere. No damage occurred in the harbour excepting
the removal of a portion of the seaward platform at-
tached to the Millbay-pier. This platform was injured
in October, 1546. It was then repaired, bat as its main-
tenance is not absolutely necessary, it will most likely
not now be replaced.
There is zn authenticated rumour of the total loss of
a fruit schooner near salcotnbe.
WooLwicu, FEB. 28.—A messenger arrived at Wool-
wich shortly after one o'clock yesterday from the Admi-
ralty, sith dispatches for Commodore Sir Gordon Bre-
tner, K.C.B. and K.C.11., who had arrived on the pre-
vious evening from leave of absence. On the receipt of
the dispatches the Monkey steam-vessel, Master-Com-
mander Bryant, was ordered to get up her steam imme-
diately, and proceed with the least possible delay to
Dover, which she did early in the afternoon.
The Black Eagle steam-vessel, Master Commander
S. B. Cook, is ordered to be kept in readiness, in case
her services should be required.
The Triton steam-vessel, under the charge of Captain
Austin, C. 8., with Lieutenant Robertson, which was
ready for sea this morning to proceed to North Yar-
mouth to test her funnel, has now been ordered to pro-
ceed towards the Land's End, instead of North Yar-
mouth.
The greatest dispatch is used to get the Sphynx, the
Rattler, and the Driver ready for sea.
The Woodlark, tender to the Mastiff, and under the
command of Lieut. Thomas, arrived yesterday at Wool-
wich from the Orkney Islands.
The Mastiff surveying-vessel, under the command of
Captain Becher, of the llydrographical-office, is to re-
main in the North Sea on her surveying duties.

FUGITIVES FROM THE CONTINENT.--The following
passengers were amongst the recent arrAiivaajlosrf-rGomenetrhael
Continent:—Mr. Goddard and family ;
Auchmuty; Mr. and Mrs. Paris; Mr. Winkner; Mr.
Foord and servant; Mr. Mugging and servant; the Earl
of Essex; Mr. and Mrs. Argoyne; Mr. Knowles and
servant; Mr. Matson; Mr. Lamback; Mr. W. Hunter
and servant ; Mr. Batworth ; Mr. Vaughan ; Mr. and
Mrs. Merker; Mr. and Mrs. Gilbert and family; Mr.
Wilson and servant; Mr. and Mrs. Cohen and servant;
Mr. and Mrs. Morpatt and servant; Mr. and Mrs. Ba-
restieu and family; Mr.:Roberts; General Sir Alex-
ander Grant; Mr. Haviland; Mr. Wittox, from Belgian
Legation; Lieutenant Rooke; Mr. O'Connor; Monsieur
Lebas ; Baron Beust ; Lieutenant Frederick George
Leigh and Mrs. Leigh and family; General Gower; Mr.
and Mrs. Dalis and family; Mr. and Mrs. Watson; Mr.
and Mrs. Walker; Mr. Betts and servant; Mr. and Mrs.
Lay and servant; Mr. and Mrs. Gans; Mr. Budd; Mr.
Ho.t; Mr. and Mrs. Morgan; Mr. and Mrs. Sargent;
Augusta Devette; Mr. Moore; Mr. Kenner ; Mr. Bier;
Mr. and Mrs. Valentine and servant; Monsieur Perrier;
Mr. Pigne ; Mr. Sisley; Mr. and Mrs. Drury; Marquis
du Chastlier and servant; Lady Dennis; Mr. Blake;
Mons. Van Cronbrugge ; Mr. Frost ; Mr. King; Mr.
Glaenser; Mr. Torrenu; his Excellency the Marquis do
Lisboa; his Excellency Mons. Parrede; Mr. Lampert;
Mr. Ashwell; Mr. and Mrs. Shelgrove.— Dover Chronicle
of Saturday.
A TWOPENNY INSTEAD or A. PENNY POSTAGE.—
A rumour prevails that it is in contemplation to double
the rates of postage. The penny rate is to be raised, it
is said, to twopence.

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