The Sun.
London, England, 1833-06-01 00:00:00

NEW MONTHLY MAGAZINE.

There is much stern, homely good sense, and
plain-speaking, in the first article in this number,
entitled " The Politician." But the writer is too
much a " prophet of the past." He should have
volunteered his advice to Ministers last January—
not have delayed it till the First of June, when
symptoms of an approaching termination to the
session are clearly visible. The defence of Sir J.
Hobhouse is ingenious, but sophistical ; its poverty
of argument stares through the fine varnish of
words with which the writer has encrusted it.

" Modern Novelists" is a light, sketchy criticism.
Mrs. Gore's powers, however, are overrated. She
is a cleverish, ready novelist—nothing more.
" Conversations with Lord Byron" will, of course,
he read with avidity, though the fair authoress, we
more than suspect, has had no slight share in their
manufacture. The Noble Poet—(vide Moore's Me-
moir, passim)—had always a horror of talking sen-
timent ; yet here he talks nothing else, and not of
the soundest,kind. But, possibly, he was mystify-
ing,' as usual " The New Gallery of Pictures" is
an Essay by a practised Connoisseur of the Fine
Arts. The " Monthly Commentary" is terse and
pertinent.

We regret to announce the decease of Gene-
ral Sir ROBERT Bnovertittaa, Bart, G.C.8., at Hi!stone,
near Monmouth, on the 27th ult. Sir Roisar was Colonel
of the 9th Infantry, and Governor of Landguard Fort.

LONDON,
SATURDAY EVENING, JUNE 1, 1833,

Yesterday we were enabled in our report o
the Bank of England meeting to present ou
country readers with a detailed account of the
plan of the new Bank Charter four-and-twenty
hours earlier than they could have received it by
to-day's post, although Lord ALTHORP pro-
cured the postponement of the meeting to an
hour which he imagined rendered it impossible
for any evening paper to report its proceedings'
What Lord ALTHORP'S real object was in
thus wishing to prevent the great mercantile
communities of the north and west having the
earliest intelligence of a plan so vitally im-
portant to their interests, we will not stop
to examine, but its effect was to give The
Sun an exclusive report. Faire l'impossible
is a thing to which we have been long accus-
tomed; and directly we were made aware of his
Lordship's desire to postpone the meeting, we
foresaw that its only effect would be to cut off
all chance of any paper with a less perfectly
organized combination of machinery than our
own, having any report whatever.
As to the plan itself, it is exceedingly cha-
racteristic of the general policy of the Govern-
ment. It is strictly in accordance wi;11 the do-
as-little-as-possible system. Time has been
when the Whigs boasted that the difference be-
tween themselves and their opponents was, that
they wished to do as much, and the Tories as
little, as possible, in compliance with the desires
of the people. Now the boast is reversed, and
Lord ALTHORP urged it as a recommendation
of his plan last night, that it made the least
possible alteration in the present system.
This is precisely the fault we find with it. Its
alterations of the present law are, for the most
part, good ; but why are they so Limited ? The
very best part of the plan is that which gives
publicity to the accounts of the Bank, and it is
singular that this is the very part with which
Mr. BARING finds most fault. We agree
with him that if the public ate enabled to
see that the Bank treasure suffers a decline
at a time of alarm, it will only tend to in-
crease the evil. But the object of publication
is to prevent the occurrence of alarms which
have no foundation whatever. This object it
will to a considerable extent effect; but it does
not go to the root of the evil. That evil arises
from the Bank not having a rival to check daily
and hourly any departure from sound principle.
Why should not the trade in credit, or money
if you will, be as free as the trade in potatoes?
Why are we to be subject to all the consequences
of mistakes, or of cupidity, on the part of the
Bank, when our fellow subjects on the other
side of the Tweed have that best of all pro-
tections, free competition ? What a miserable
patch-work picture must not our monetarysys!em,
as it is, out of compliment, called, present to the
eye of a foreigner. Should the Government
plan be carried into effect, which we fear it will
be, as nobody but the public at large have in-
terests vitally opposed to it, a kingdom at
the head of the trading world, and boast-
ing of its advance in mercantile knowledge,
will present the spectacle of three different sys-
tems of currency in operation at one and the same
time, in three different sections of its far from
extended limits ! Is this Statesman-like ? Does
it speak of " Giants in the land ?" Or does
it not rather show the irregular labours of
pigmies ? For years we have suffered under our
present system of banking ; for years we have had
before us the benefit the Scotch have derived
from theirs, and yet, now that a natural and
fitting opportunity presents itself for breaking
up our system of monopoly, it is proposed to

We are not surprised at haring that the de-
termination to which the British Cabinet were
aid to have come, not to co-operate with the
French Government in any step against Russia,
has been very much shaken by the last news from
!he East. Lord PALMERSTON now finds
that his favourite plan of leaving France to
protect her own interests, anti at the same time
those of the enemies of Russian encroach
inent in other parts of the world, is not likely to
answer ; and that France having no more direct
interest in opposing Russia than Great Britain
has, will allow things to take their own course,
unless the cordial and effective co-operation of
our Cabinet be given to her on a question of
principle so vitally important as that now under
consideration by the two Courts. Prince
TALLEYRAND and Lord PALMERSTON
have had several meetings on the subject
of the last accounts from the East ; and
we have reason to believe that last night impor-
tant despatches, connected with this question,
were forwarded to Paris from the Foreign-office
and the French Embassy. The suggestion of a
Congress is considered by our Government to
be intended merely as a delusion, to afford time
to the Emperor of Russin to push his projects
in the East.

The negotiations between the Duke of Iticu-
MOND and the French Director of Postes, are
said to be proceeding satisfactorily. It would
be premature, however, to make any observa-
tions on what we have heard, respecting the
difficulties which have attended the negotiation
hitherto. The commerce of both countries will
owe great obligations to the Duke of RICH-
MOND and M. COMTE, if the result of their
recent interviews should prove as favourable as
we are now led to expect.