The Sun.
London, England, 1841-10-23 00:00:00

of the PUBLIC JOURNALS.

FROM THE DAILY PAPERS OF YESTERDAY.

GLOBE.—Fshe pretence altar Lille pretence is
failing the organs of this Goverment." We trust that
it may be jbund possible," said the Quarterly of last
month, "to reduce these ruinous armaments." These
ruinous armaments, It must not be forgotten, were the
armaments made by the late Government, after
lengthened Tory outcries that they were not made
larger and sooner. Tuose armaments, so far as they
have been called into action, have done their
work •brid;antly beyond all previous example. How-
ever, they were ruinous so long as Whig ;
and one of arose enormous tubs • to the whale,
thrown out to upset the Whig Government, has been
the hope held out that Peel and Wellington would
throw s'ic'k tons of oil on the waters, that these ruin-
ous Whig armaments need no longer ride the deep.
This outrageous bait was rear}, swallowed by those
who were determined to be dupes; and we bad the
Spectator gratulating in the following strain :—" Is a
Tory Government going to begin the work of economy ?
It looks like it. Colonel Peel plainly told his consti-
tuents at Huntingdon, that Lord Aberdeen is about
to reduce the war expenditure which Lard Palmerston
did so much to augment. Jossph Hume will turn
Tory !" Tory economy, in the article of preparations
for warlike c intiagencies, like. Tors Poor law Repeal,
or Church Extension, turns out a false pretence. The
party has risen to power by its scribes and speakers pro-
mising what its practical poli•ieians never meant to per-
form. And now the reckless organs, which promised all
(hese things, are proclaiming their opposites! The row
Government cannot dispense with the " Somerset
House B ishavrs," the central tyranny, the " three
Devil Kings" of Tor} -Chartist agitation. The new Go-
vernment cannot give us any more Church for Lye or
money, and we are to go on subsidising " idolatry," and
voting grants to Maynooth, as before. Finally, the new
Government cannot re Ince our " ruinous armaments ;"
on the contrary, the Times of this morning is all for
increasing them ; and to obviate any possibility that
'their services may not be wanting, is cutting out fresh
work for them by picking quarrels with all the world ;
and anxiously peering into the future for prospects of
national discords. The Times is daily occupied in in-
sulting precisely the two nations, with whom it is most
desirable to avoid unnecessary misunderstandings. We
refer of course to France and America—each powerful,
irritable, and high-spirited—each remarkably charac-
terised by national sensitiveness, and a degree of atten-
tion to the language he'd abroad respelling them. which
John Bull's haughtier and more regardless temper can
hardly understand.
STAND A RD.—The Jeernal of the Le.ague, the
dnti-liread tax Circular, affirms (we know not upon
what aathorit,s) that, according to the census taken
in June, the whet: population of the kingdom has
incr wed 12 per cent. in 10 years, the manufacturing
populafon 30 per cent., whle there has been a di-
minution of two-and a-half per cent. in the agri-
cultural population. This does not look as if agri-
culture has been thriving at the expense of manu-
factures. Tee statistics of the manufacturing dis-
tricts abundantly prave that •by natural increase
they cannot sustain, much less increase in
their population. How happens it then that the num-
ber of immigrants to the manufacturing districts has
been so great, if manufactures have not prospered ?
But it is not cmotely the augme ated number of labourers
upon which we are to calculate in this case. Ma-
chinery, which is the substitute for human labour,
has been augmenting and improving during the same 10
years, and to coroplsts the proof we are told that the
manufacturers have realised as inuela wealth as is pos-
sessed by she whole of the landed aristocracy ; and yet we
are told by the lecturers of the League, and the press
of the League, that agriculture flourisbea while manu-
factures decay. Speaking of the League, let us take
this opportunity of replying to a number of correspon-
deuts who have sent U 3 each a history of Acland's life
and advertnres. We have nothing to do with such
things : if a man conducts himself properly a journalist
has no right to go into his early history—if he mis-
conduct. himself, an exposure of his prefel misconduct
will always he sufficient to neutralise his powers of
mischief: We defy the most diligent and expert of
the historians of Neavgate to invent a biography for
Arland which ought to place him lower than his con-
duct in reference to the Tanaworth address.

COURIER.—The insurrection in Spain may now
be considered as virtual!), at an end, and so far is its
()rid' ca.eer from developing the exilteace of such an
elealei,t of disquiet as a Cfiristino p-irty in Spain, its
only fruit has teen to demonstrate by conclusive
evidence that, whatcwr other parties may exist
or may flourish, as after years of civil war it ;mil
be idle to expect that party passions should at
once subside, there is o trace of anything like the
recognizable influence of a principle or a party in
S 1 mu v,sponding to the pretensions or to the call
of Maria Christina ex-R-put. It will have been
observed t lot the real force of O'Donnell's daring
enterprise in a desperate cause was composed of the
refuse of Cartism—that is., not of the conscientious and
consistent adherents of Carlos, but of such as deserted
his banner and foreswore their allegiance by accept-
ance of tie convention of 13.rgara, and subscrip-
tion to conditions by which they were confirmed
in rank to which thdr ft"ei were se qtvstionable,
and secured in the pay and emolun,eqs corre-
sponding, which for th.! first time they then ca ne_
into tee re;ul ir receipt of. The only appa-
reat result of this rash undertaking of the very tew
adherents who may be suspected of real attachment to
the person of, or grateful remembrance of personal
favours from, the ex-Queen R•gent, has been to recon,
cile repubi.icaa di3i,ffection with the existing order of
thing-, and to attach to the rule of Evartero, upon
the intelligil,le principle of self-preservation, a faction
not numerous or very influential in Spain, but still for-
midable enough in momints of cri-is from its energy
and activity. We observe that Brigadier Francisco
Valdez, one of the understood chiefs of this republican
band, has been elevated to the rank of Major-General,
in recumpence doubtless of tried fidelity and good ser-
vice during the recent outbreak in Madrid. We may
lament over the execution of a gallant soldier like Diego
Leon, but we are not prepared to say that-it was not
absolutely dalled for, as a necessary but terrible example
at a time when loyalty in some departments of the rnili
tary service was known to be wavering, and defection
in others had been openly manifested.

MONEY MARKET and CITY NEWS.

FRoM TUE MORNING PAPERS OF PEST EADAY.

HERALD.— A Morning Contemporary has remarked
upon some irregular transactions in the market about
Exchequer Bills, and the exorbitant rates at which, in
some instances, money has been charged for advances
upon them. For instance, whilst five per cent. was the
current rate of the market on approved securities, seven
per cent. was known to be given or exacted in some in-
stances on Exchequer Bills. It is not necessary now to
explain the mystery of this sort of dealing, about which
nobody doubts there is something incorrect, and in re-
gard to the Exchequer Bills something extremely sus-
picious also. Something of an authentic character must
transpire shortly about the matter, which will then be
made public in course. At present there is no occasion
to make public the rumours in circulation, of which
more is known than it is now necessary to make men-
tion of.

CHRONICLE.—An operation of a mysterious cha-
racter in the Exchequer Bill Market, alluded to by a
morning contemporary, has attracted attention on the
Stock Exchange. It is difficult to account for the inoe
tires which could induce a real holder of these securities
to borrow on them at rates of interest so high as 6 and
7 per cent., and make it a condition with the lenders
that the identical Bills should be returned. It is sur-
nosed by some that the heavy sales of Spanish Stock for
money made to-day may have been connected with this '
singular affair, on which we decline at present to give
any positive opinion.
We do not believe that Lord Aberdeen received
jie deputation from the Committee of South Ame-
rican Bondholders because the Chairman, Mr. Ito-
oiiison, is a leading City monopolist, nor that he re-
,used,,,,,
.or at least delayed, to grant audience to the
L'orniefrmittee of
.Spanish Bondholders from any traits
fetter, corrrs trade principles he may have 'discovered in their
repot-tretnee with the Foreign-office. In the third
published by the Committee, however, there is a
. mid the 10th June last, to the Spanish Minister
t. la i ance, by
ItAer congratulatino.
o,ffie.:.-, from which r
English bondholder': w
expresses his eon
would be developed under
by retrenchment reform,
very important remarks
the Chairman of die Committee, in which,
his Excellency on hie promotion to
as confident the condition of the
confident belief
be improved, Mr. Thornton
"mi.:,
Ilet?r, makes
lief that the resources of Spain
the government of the Regent
policy. lie
also,, inthe and an enlightened commercial
the issue of the question now
lature of my own country respectingPerling
It is not fur me to prejudge
the following
before the Legis
the duty on foreign
grain, but I may be allowed to state our Excellency my
own (minion that the time has arieisteoj
paieeriinetda beted
when our present
,andl look for-
we
sh(aellremote when,
/3-e:ater:tid-il•vi wi
tilegtnrenaott
phe!ecin6ueerlteLttow.-:
in return for our manufactures,
quantities of wheat from Spain." Mr.
Thornton
large
ad-
,iecee good reasons for expecting this reciprocity of
!ienctits to both countries by a repeal of the laws.
Re sta`es in pat ticular that- the production of Corn-laws.
the Peninsula since 1803 had increased one hund''redeaftolidn,
and that, instead of being importers as formerly', they
now exported wheat to the value of more than 500 mil-
iions of reals. It is possible that Lord Aberdeen may
have found traces of these free-trade principles in the
archives of the Foreign-office. It is also perfectly true
that Mr. Robinson, the Chairman of the Committee of
South American Bondholders, is an active and influen-
tial monopolist. It is also true that his Lordship re-
ceived a deputation headed by Mr. 'Robinson, while he
overlooked or refused a previous application from the
Spanish Committee, made several weeks ago. All this
is clear as sun-light, and leaves his Lordship's impar-
tiality open to strong suspicion. There is, indeed, only
one distinct and proper way to remove the doubt, and
that is by immediately naming a day (if he has not
already done so) to receive a deputation of the Spanish
Committee. Lord Palmerston was always accessible to
the gentlemen who repreeented the bondholders of the
various non -Payia-k States, and In-; Dever fitiled to attend
to their
point, Lt. was, Perhaps, etatementi.and wishes. If he erred at. all in re•tao
approach,_,
; ;
theirl
.._
_p.L r0..t...,.che,. -
rhat, however, is an error (if error
in being too open to
it ivas) which lee itizre ~-
seems to avoid
The j„ , . . ,es.or resolved
"'
"Pt" 1.192 Qi foreign bonfilioldf2r3 from tho City of

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