The Sun.
London, England, 1834-12-10 00:00:00

high consulting parties with Sir ROBERT, at the very
moment, perhaps, that the cautious Baronet is wish-
ing half their number in Heaven, or any where out of
his way. To ordinary men the Duke's predicament
would be exceedingly awkward ; but the Duke is a
bold as well as a brave man, and possibly he has made
up his mind (should " stern duty " so require) to drop
them as unceremoniously as he would cast away a
sand-bag. But they—the aspirers—gaping and flutter-
ing and dangling between high-and-low uncertainties
—their condition must be lamentably piteous.

Lucky it was for Phaeton that Jupiter knocked him
at once on the head for mismanaging his papa's pony-
chaise along the sky ; had he been but stunnedrit is
most likely the idiot, on recovery, would have again
desired to try his hand at Jehu-ship.

Sir ROBERT PEEL has accepted office as First
Lord of the Treasury and Chancellor of the Exchequer.
The Duke of WELLINGTON is to be Secretary of
State for Foreign Affairs, and Lord LYNDHURST
Chancellor. So says the, Morning Post ; and we do
not question the correctness of the statement. We
scarcely need ask what the complexion of the new Ad-
ministration is to be, when we see the three most im-
portant offices in the Cabinet so filled up. A King's
Messenger has been despatched to Lord STANLEY,
who is at present on a visit to the Duke of SUTIIER-
LAND at Trentham, in Staffordshire, and another to
Sir JAMES GRAHAM at Netherby, in Cumberland.
The former has, no doubt, been offered the Colo-
nial Department, and the latter the Admiralty.
That either of them should join the Tory Adminis-
tration we think very unlikely. In addition to the loss
of his character, Sir JAMES GRAHAM would lose his
seat for Cumberland. His constituents are not more
than satisfied with his conduct already, and such a
compromise, or rather dereliction, of his princi-
ples, as the acceptance of office under a Go-
vernment inimical to Reform would be, would
give the finishing-stroke to his popularity. As to
Lord STANLEY, the case is still stronger. The
heir of the house of Derby fills a much larger space
in the public eye than the Honourable Baronet. To
him character is everything. He is ambitious, but
there is a pride in his ambition, which will sacrifice no
principle, and stoop to no meanness, for the sake of office.
That an enemy or a rival should throw out a bait to him
is only what was to be expected. The fox who has lost
his tail, is always a ready advocate for the cutting off
of tails. He who has been dragged through the
mire, would wish every one else to be bespattered with
mud. But we believe Lord STANLEY is not
blind to the arts of those who would entrap him.
He sees that a brilliant career is before him, if he act
up to those principles of high honour, and undeviating
rectitude, which have hitherto characterized his public
as well as private life, and to which, no less than to his
splendid talents, he owes the station he holds in the
public estimation. Can Sir ROBERT PEEL hold out
any bribe that, to a noble mind, would be a compensa-
tion for the forfeiture of this station ? We shall see.
Lord MELBOURNE, we are happy to hear, is also
on a visit at Trentham Hall.

The most important intelligence contained in the
Paris papers of Monday, which have all been received,
is a reported conversation between Prince TALLEY-
RAND and a Person of Distinction, on the present
state of affairs in England and France, which is pub-
lished in the Constituti onnel. It is said that the
Prince, on that occasion, acknowledged having re-
ceived a letter from the Duke of WELLINGTON, in-
viting his Excellency to return, in his official capacity,
to England ; assuring him that the Cabinet now being
organized by his Grace, would not interfere with the
commercial and other relations now existing be-
tween -the Crowns of England and France. The
effect of this communication on the wily Ex-
Bishop of AuruN is not stated. With respect
to the dissolution of the Whig Cabinet, Prince
TALLEYRA ND observed that the Tories had all their
plans matured, and their nominations made and ar-
ranged, before the courier set out in quest of Sir
ROBERT PEEL. This is an opinion, and more than
an opinion, for we know it to be fact. The only
point on which the Prince was wary of committing
himself, was the present situation of the French Go-
vernment. When pressed for his opinion, he contented
himself with remarking in a half-prophetic, half-con-
fidential whisper—" The bneute may be suppressed ;
but events and intrigues, whereby respect to the autho-
rities is destroyed—these are irreparable evils. I be-
lieve that the royal authority has not been put to so
severe a trial since the revolution of July. Material
force may always be regained, but moral force once
lost, is so for ever."

The conclusion is here a simple proposition ; yet
how ominously must it sound in the ears of the
Citizen KING ? The loss of moral power is indeed
the greatest evil that can befall a Sovereign and his
Government. What then must he the feelings of
Louis PHILIPPE, when he hears this incontrovertible
truth from the mouth of such a statesman as TALLEY-
RAND, spoken in conjunction with his Government ?
The King of the FRENCH has lost all moral power, and
his Ministers all moral influence. Both the one and the
other are now regarded as little better than the Roman
Senators at the close of the Commonwealth, of whom
JuGuRTHA said, that they would sell Rome if they
could find a purchaser. The KING is more than
suspected of jobbing in the funds, and compromising
the regal dignity in a variety of other ways,
discreditable to himself and disgraceful to France ; and
as to his Ministers, nothing worse need be said of them
than what they have said of themselves, to- show how
unsafe the interests of a great people are in their
hands : for what worse qualification can Ministers
have than that they are the creatures of the Royal
Will,—the passive instruments of the Royal Power?

Before showing that the metropolitan currency can-
not be sound, until the remainder of the exclusive pri-
vilege of the Bank shall be repealed, it may be well to
advert to the foreign exchanges in so far as they bear
upon our currency.
_ .

This country exchanges its commodities valued in
gold, which is its standard of value for the cormr►odi-
ties of other countries valued in silver, which is their
standard of value ; and different parts of this country
exchange commodities with each other valued in its
currency, which being composed partly of gold and
silver and copper, valued in gold, but chiefly of Bank
and Bankers' notes, in the proportion of about two-
thirds of the former to one-third of the latter. If Bank-
notes be depreciated as they are by over-issue, they
bring down not only the exchangeable value of Bankers'
notes, but also of the gold coin circulating with
them, amounting, probably, to not more than the sum
of Bankers' notes in circulation, in consequence whereof
as we have already shown gold coin returns to the