The Sun.
London, England, 1859-03-14 00:00:00

ing evinced by my fellow-countrymen, and it will
be pleasing to me, most infinitely, to make myself
familiar, in this informal manner, to all those who
may desire to make acquaintance with me." (Great
cheering.) This is surely the verything our cousins
across the Atlantic are in the habit of calling, in
rhetoric, "piling it up mountainously"—this assur-
ance of most infinite pleasure is in the prospect of
the anticipated fraternization. But the Irish dema-
gogue's mood varies wonderfully with the progress
of his remarks—witness his pathetic comment
upon the emotions produced by his rencontre with
Mr. MEAGHER. • " It is with great pain, I confess,"
he says, " that I feel the shaking of Mr. MEAGHER'S
hand again [as though in allusion to a relapse of
palsy], after an absence of several years—(applause)
—because I am not in the same position I then
occupied—(loud cheers)—[as though in ill-con-

sidered exultation over the orator's downfall], in
his and my own country, where he leaves those he
loved behind, notwithstanding that the one impulse
of himself is to return to them (tremendous cheer-

ing)." Certainly this is applauding to the very
echo, and rather indiscriminately. Referring at
another time to the multitude of Irish compatriots,
found by him, scattered over the United
States, the wandering demagogue has a word
of warning for the British Government, a word of

warning greeted, the American press informs us,

with tremendous cheering, solemnly addressed by

Mr. SMITH O'BRIEN to the powers that be in this

country. "I cannot but conceive," saith he, "the
policy which has driven such noble hearts from

their native land as a policy which the British

Government may some day have occasion greatly
to deplore." As to the royal dreams still cherished

n the heart of the descendant of the Kings, listen

to the knightly and princely reminiscences indulged

in by Mr. WILLIAM SMITH O'BRIEN ! "I cannot,"

says that gentleman,

" I cannot see my fellow•

countrymen now before me in arms without recal

Mg to mind the expression uttered by one of the

Sovereigns of Europe after the battle of Fontenoy,
How much do I curse those laws which have

deprived me of such subjects !' " So that it is suffi-
ciently
apparent what was in store for Ireland
as the royal sequel of the democratic demonstra-
tion in the historic cabbage garden. And for this,
MITCHELL of the pike and MEAGHER of the sword
were acting right valiantly ten years ago as W. S.
O'BRIEN'S trusty lieutenants !

A satisfactory and definitive
theev
long-disputed rights of fishing off
foundland may at length be confidently
According to the explanations
Colonial Secretary on Thursday
Bementi.. of the
given by the
in the
House of Commons, in answer to Lord nutty, a
mixed commission of inquiry will in May next
commence an investigation of the facts on the spot,
with a view to the final settlement for once and for
all of this fruitful source of anxiety as well to the
ea coastnnta,
anticipated.
teewd...
British as to the French Government. It is the
first serious endeavour yet adventured upon by
those allied Governments to bring the dis-
pute to an end, and thus to prevent the
periodical recurrence of differences productive
of mutual ill-will, of poignant heartburnings and
grievous irritation. The convention of 1856 was
simply a compromise, It was the postponement

sufficiently keen to estimate the value of a Govern-
ment note, carrying 6 or 7 per cent. interest, and
receivable at par, in the course of six or twelve
months, FOR REVENUES DUE; and, at the same
time, we (the Times) should have the satisfaction of
knowing that every one with paper of this de-
scription in their pockets would feel an access
of loyalty, and a proportionate desire for
the maintenance of order." If these are wise and
wholesome doctrines that ought to be circulated
throughout every kingdom of the civilised world,
they are not applicable to India exclusively, but are
equally appropriate for the United Kingdom. All
that is required is that the nation issuing such
paper should stand in good credit, and have invari-
ably discharged its previous obligations with per-
fect faith and honesty to its creditors. In those
respects England has never been found wanting,
and any Minister or independent member who
should venture to suggest a transatlantic states-
man's suggestion of the " wet sponge," would not
easily forget the comments both of Parliament and
the Press on his nefarious proposition.

It is because that perfect credit, which is essen-
tial to the fair development of such a project is, and
always has been, enjoyed by the British Exche-
quer that the experiment could be tried with the
most perfect safety. We know what had been
accomplished with inconvertible paper money
from 1797 to 1815. The heaviest drain which the
nation ever encountered was easily met. Paupers
became wealthy. "Pig upon bacon," a phrase that
will be thoroughly appreciated in Manchester, was
readily accepted, and the foundation of a gigantic
fortune was laid by the system which the present
possessor thereof so earnestly repudiates.
The Chancellor of the Exchequer has a great, a
golden, opportunity before him. He invariably
dissented from the bullionist theories. He voted
with dear old JOE HUME in the minority in the
packed committee of 1848. He• is not in any
degree committed, like Sir CHARLES WOOD or
Sir GEORGE CORNEWALL LEWIS; and a sound
currency measure, giving really national notes
of small and convenient denominations, say £l,
£2, and £3, would gain for the Government the
thanks and gratitude of the nation, and place them
in a position which could not be shaken by any
amount of factious opposition.

While people are well off—while they are in the
enjoyment of even moderate comfort, they are not
to be dreaded. It is " the lean and hungry kine"
that are formidable. But every man able and
willing to work might find remunerative occupa-
tion if currency matters were more attended to. The
unemployed operatives may thank the authors
of the Act of 1844 for the privations which they
have endured—are enduring—and must still endure,
until a better system is inaugurated. Let that
which has been suggested by the Times be carried
into operation, not only in India but in the United
Kingdom, and then, indeed, we shall see a degree
of happiness and prosperity, in both countries,
which will destroy the theories of, and (if possi-
ble) put to the blush all the currency quacks of the
present day, who insist that the circulating medium
should be as closely as possible assimilated to a
purely metallic currency.

Mr. WILLIAM SMITH O'BBIEN is at it again—
this time in the congenial land where stump ora-
tory is an art and Bunkum an institution. A recep-
tion of a very enthusiastic character is accorded to
the poor gentleman in. New York. The ex-Tribune
of the Young Irelanders, in replying to the address
of welcome proffered to him by his admirers, be.
comes so earnest in his acknowledgments, that his
eloquence lapses very speedily into positive inco-
herence. Repudiating, in the first place, the notion
that his object in coming to the United States was
that of calling forth any demonstration (cheers),
apart from any matter personal to himself (ap- I
plause)—[what the meaning of the observation, or
what the significance of the approbation, it would
be difficult enough to conjecture]—SMlTH O'BRIEN
uttered these remarkable words, "At the same time
I do not profess to be indifferent to the great feel-