The Sun.
London, England, 1851-07-03 00:00:00

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SCOTCH SEQUESTRATIONS.

W. Hunter, Bonney Rigg, Edinburgh, grocer, to meet
within Cameron's Tavern, Edinburgh, June 28 and
July 18, at two.
J. White, Cumbernauld, Dumbartonshire, mason, to
meet within Greenhorn's Inn, Cumbernauld, July 4 and
25, at one.

J. Meiklej)hn, Edinburgh, writer to the signet, to
meet within Dowell 's Rooms, Edinburgh, July 4 and 25,
at two.

P. Cassidy, Dundee, furniture dealer, to meet within
the British Hotel, Dundee, July 7 and 28, at one.

THE CURRENCY QUESTION IN
MANCHESTER.

We perceive, by an announcement in the columns of
the Manchester Courier, that Mr. Duncan is, this week,
to introduce the subject of our monetary system
as bearing upon the prosperity of the manufactur-
ing, trading, and industrial interests of Great
Britain to the inhabitants of this important town.
We are glad that this subject will be brought
under the consideration of a body of men who have
distinguished themselves by the energy and determina-
tion with which they have persevered in working out
their views of various fiscal and political questions.
We are also fully aware of the strong opinion in favour
of Peel's Bills which exists in this place. Manchester
is the scene of the successful monetary operations
of the family of Loyd, of which Lord Overstone,
the reported author of the measure of 1844, is
the head. But we have so full a conviction of
the truth of the monetary principles which we have
attempted to advocate; that we seek only a partial hear
ing and an attentive examination of the question,
being assured that ultimately truth will prevail. The
men of Manchester have laboured long and assi-
duously in the cause of free trade; let them re-
fl set whether it be reasonable to seek fur free trade
in money's worth, while the trade in money itself
is restricted. The very worst commercial sys-
tem which a nadion can adopt is the mixed system of
practical protection and fettered free trade. This
system combines the evils and imperfections of both
these contending principles. So far as you adopt pro-
tection or freetrade as the rule, and except various
interests, you are inconsistent and unjust. But
adopt: free trade as the rule, and restriction as
the exception in the matter of money,—the
general agent of all trade,—and you inflict injury on all
the producing and industrial interests. And the reason
of this is not obscure. As the numbers and manufac-
turing powers of a country increase, you require an
increased circulating medium to effect the buying
and selling of mere goods by mere makers of goods.
If you restrict by law the money in which these
increased transfers are to be carried on, you reduce the
prices of all commodities, and thus injuriously affect
the interests of the manufacturer, and of all the ope-
ratives
who labour for him. Let the Manchester
men ask themselves whether, under the existing
system, money will not grow dearer and dearer, and
the work of their hands cheaper and cheaper.
Money will rise in purchasing power, and their
goods will consequently fall. For the sake of
the hundreds of thousands of industrious workmen who
toil in the mills and factories of Lancashire, who
know little or nothing of the Currency Question, but
who feel its effects in the wretchedness and dis-
tress which they have periodically to endure, we
entreat the thinking portion of that great commercial
community not to wait for the teaching of another panic
before they attempt a reformation of the evils of the
monetary system.—Derbyshire Courier.

THE WEATHER and CROPS in SCOTLAND.

The strong westerly winds and cold droughty wea-
ther which prevailed for such a lengthened time, has
been succeeded by hot sunshine; and yesterday was
one of the warmest days we have had for several
years.
With a continuance of such weather, the
crops will, to a considerable degree, recover their
former favourable appearance, particularly the wheat,
which has now arrived at the critical period of
blooming. Winter wheat, upon the whole, looks well,
although short in the straw, and is at present bursting
into ear, being about eight days behind the average of
the last few seasons. Where the head has appeared, it
looks promising. Spring sown wheat is in some dis-
tricts thin and short in the stalk. Barley appears
not to be bulky, but the early sown fields show a lengthy
head. Oats are short in the straw, and will require co-
pious showers to make them of average bulk. Beans will.
iu most districts, be a deficient crop. Potatoes assume
various appearances; in some cases they are coming up
" spindley" in the stalk, and will not produce a t'ull
crop; while in others they present a very pro-
mising appearance. We have heard of one or two in-
stances of fields being ploughed up from the sets giving
way, while, upon the west coast, fields that were highly
promising have been so seriously injured by the high gale
of Sunday fortnight, that they have also been ploughed
up. The hay is every where spcken of as a
light crop, and the one-year old pastures have
hitherto been unable to maintain fat stock in condition
without the aid of other substances. Old pastures have,
within these few days, assumed a more healthy growth.
and will, with a few c 'pious showers, afford a luxuriani
herbage for the stock. Turnips are everywhere behind.
Several of the more early sown fields have been resown,
while the fly and black beetle are still busy with the
young plant.—Scotsman.

STATE OF TRADE.
(From the Manchester Guardian.)
MANCHESTER, TUESDAY —We learn from New York
that cotton had lost another i cent per lb. closing very
flat on the 17th ult. The total receipts, according to the
official list of the 18th, were 2,240,508 bales, being
283,877 in excess of those of the same period in 1850, and
the accounts of the weather are highly favourable to the
growing crop. We are, at the same time, in receipt of
the overland advises, showing a dull and drooping state cf
imports at Bombay, as was to be expected at the season.
The arrivals were heavy, and stocks were accumu-
lating. The money market was still tight, and the rate
of exchange rather improving, with a largo amount of
bills remaining unsold. At Calcutta the trade in piece
goods had become worse, through a pressure for money
in the bazaar, and a diminished d. mend for the upper
provinces. Still the sales of shirtinga were large,
though, as in most other fabrics, at lower prices.
An improvement is looked for, however, with the ree
opening of the inland navigation. Yarns were dull,
except 40's and 50's. Extremely little hail been dote!.
in bills, and remitters were consequently able to
command more favourable terms, which, however,
were not expected to be maintained. These accounts
have rather increased that quietness in our market which
has naturally succeeded the recent extensive operations
in yarns and goods. The India merchants are discouraged
at seeing the state of things in which their purchases at
high prices are reaching their destination; and they there-
fore show no disposition to operate at the present reduced
rates. The articles they take, particularly goods, aro
consequently flat; and manufacturers hardly exhibit as
much firmness as they did last week. As regards cloth,
generally, however, there is no change in the quotations,
though the business is diminished. The Germans aro
holding back from the market more than they did be-
fore, and the freest buyers of yarns continue to be the
home consumers. There is a more decided firmness in
warps and cops than in bundles ; but even in the latter,
the attainable prices of a week ago are maintained; and
it is only in cases where such prices were than exceeded
that any concession is now made.
ROCHDALE, MONDAY.—The attendance of buyers in
the market to-day has been thin, and the business trans-
acted has been limited; but there is little or no change
in prices. In the wool market prices are firm, but thore
is little doing.
MACCLESFIELD, TIIESDAY.—At length we are enabled
to report a slightly
limited production, neckerchiefs, which are rather easier of sale than has
improved demand for goods, chiefly
hitherto been the case this spring; not, however, to
an event tift •
business,a:tient to getre
enforced in • impulse even to the present
ion. ilome-thrown silk is characterised
some exten •
a great degree by the disposition
bya continuance, to t of the late increase of
evinced by holders
a t a °Ll'nis
reducing rates. In rawsales held in
London on the
quoted about as before, ric'es
25th and 2
silk, the public .
in very little
business being done. p 6th ult. resulted
to do business at gradually
the whole may be
reduction exec
opf
s. quality Bengals were sold at
prelimina"Y meet-
per lb.to Is. 6d.
ing of this trade, held at the the
BIRMINGHAM, lloxna.v. At that best
Stourbridge, on Thursday Lit, tth7P-int'Y Inn, near
Stourbridge, determined upon was that resolution unani-
witn the present nominal list of 9f not intcrering
upwards of two years ago. From the as
Settled now
guised expression of feeling such a result was
undis-
expected; and though from a combinationwas scarcely
of cir cum-