The Sun.
London, England, 1857-05-07 00:00:00

LONDON, THURSDAY, 'MAY 7, 1857.

fled. On this paint " The Spirit of COCKEB:'
may be taken as a safe guide. If the constitu-
tional principle is that every man should be taxed
scundum status, et facultates—according to his
position and means, and we have never found any
one with sufficient hardihood to impeach the jus-
tice of the principle—the entire system must be
readjusted, and full justice rendered to the work-
ing bees of the national hive. If any inquiry is
wanting on this point, it should take place during
the present session, and not be put off unt'l the
Fabian policy can no longer be resorted to with
impunity. _ .

As to Parliamentary Reform, the national heart
has long sickened under hope deferred ! Our
patience, and it has been great, is at last exhausted.
We can no longer be put off with vague promises.
We want not "sayings, but "doings." An in-
stalment of the long deferred deb'. A bona fide
payment on account of the overdue bill. The
question is not one that requires time. The out-

that portion of the Shatt el-Arab, where on the
Turkish side stands Bussarab, and on the Persian
Mohammerab. We cannot see much cause,
therefore, for these somewhat curious congratu-
lations in regard to the supposed healthy sumints
encampment. But, apart from this, there is, in-
deed, much reason for our exulting in the last
evidence of valour on the part of the British troops
under Sir JAMES OUTRAM, a valour which has
added to the victory of libooshab an appropriate
and brilliant pendant in the capture of Moham-
merab.

line has long been before us—and the details need
only to be filled up. Ltt ue, at least, obtain the
Ballot. That will be a good beginning
!
That will convince us of the sincerity of the Go-
vernment, and of the Parliament in which the
reform element is said to predominate so largely.
Let real protection be afforded to voters. Let not
landlords, employers, or customers, be enabled to
exercise coercion, by threats of notices to quit, dis-
charge, or withdrawal of custom. Provide the only
effectual remedy against bribery and undue influ-
ences of every description. Give the Ballot, and we
shall believe that time only is wanting to com-
plete a large and comprehensive measure of reform.
On this point the Government should not delay
a single hour. There are formidable competitors
in th 3 field. Lord JOHN RUSSELL will gladly
assume the responsibility if it be shirked by Lord
PA.LMEASTON, and, as wo have already stated, we
care not front what quarter it emanates.
" Measures, not men," is our principle, and if the
bill of fare be s ttisfaetory, we care not by whom
it may be supplied. Lord PALMERSTON has the
first "innings ;" if he fail, we shall be ready for
any other that may fill his place, and give that
which is so urgently required by the people.

The victory at Khooshab has been rapidly fol-
lowed up by the capture of Mohammerah. The
latter exploit (which was briefly announced in
our impression of last evening) took place, as will
doubtless have been already remarked by the more
observant and reflective, upon the very eve, as it
were, of the date when the News, speeding across
Europe to the unconscious combatants, was to
thrust back their swords into their scabbards—
the War between England and Persia having been
already virtually closed by the Paris negotiations !
Another illustration, and a very startling illustra-
tion, this, to our thinking, of the really
extraordinary, the literally vital, importance
of establishing all over the habitable globe
the utmost attainable rapidity of intercommu-
Another and a very striking
testimony of the marvellous value of an .agency of
that kind like the Electric Telegraph ! Had the
wires, now thrilling to and fro, almost momen-
tarily, under the waters of St. George's Channel,
under the waters of the British Channel, from one
extremity of Europe to another, from North to
South, from East to West, from Mizen Head to
the Carpathians, from the the Elbe to the Guadal-
quiver—had those wires been already extended
across the whole breadth of Asiatic Turkey, from
the shores of the Dardanelles to the banks of the
Euphrates, bow many human lives would have
been shared, how much bloodshed would have
been opportunely prevented ! But then, it is
true, Mohammerah would not have been ours !
The last, and the most terrible blow yet directed
against Persia, by the strong right hand of Sir
JAMES OUTRAM would not have descended upon
the army of the SHAH ! The selliers of
England would have been deprived of this,
their last, but by no means their least,
achievement ! So that with the evil comes also
the good—with the calamity the assuagement !
And beyond all doubt the seizure of Moharn-
morah by the British Forces is an event of no
inconsiderable importance. It testifies to the
Court of Teheran the energetic determination of
our Government to carry on, if necessary, a
vigorous campaign, and not simply to adventure
upon a fruitless and bootless warlike demonstration.
The double occupation of the island of Karrack
and the seaport of Bushire, was as nothing ii
the estimation of the SHAH and his advisers.
was as nothing, that double occupation, for tb
one very simple and ail-sufficient reason, that
both Bushire and Karrack had repeatedly before
' been taken only to be afterwards aban-
doned without the smallest diminution to the
Persian dominion; or the slightest perceptible
deterioration to the influence or pride of the Per-
sian Governmen4. This, of course, obviously
from the circumstance of Bushire and Karreck
being situated upon the confines, and up in, per•
haps, the most unhealthy of all the unsalubrious
confioes, of the still gigantic empire of the Sneer !
[ Even the magnificent feat of arms performed by
our troops at Khooshab had been productive, after
all, of no very satisfactory result, all things con-
sidered. The subsequent retirement of our forces
upon the Persian seaboard has been flagitiously
distorted into a Retreat in the accounts sent home
to Teheran by the SHAH'S mendacious Gene-
ralissimo. Not so has it been with regard to Sir
J. OUTRAM'S triump't of the 26th of March ;
that resulting in the capture of Moham
merah. A victory achieved by the British
Forces with a comparatively trifling loss
on their side—but one productive already in
many respects of the happiest consequences ! In
testimony of which we need only point to the record
contained in our advices from the seat of war, the
eminently acceptable record of the friendly
position evinced towards our army by tb.e Arab
tribes in its immediate vicinity. There cannot
indeed be any doubt whatever that the effect of
this exploit of the 26th of March must perforce
be singul irly beneficial to ourselves not alone
upon all that country side, but directly also upon
the Imperial Councils of the Persian Government.
It has clearly and dietinctly proved our warlike
resolution. That resolution on the part of the
British is now beyond the reach of cavil among
the Persians—now that Sir JAMES °T.:TEA:I4 has
followed up the almost simultaneous occupation
of Kerrack and Bushire by the victory of Khoo-
shab, and that again by the more signal triumph
marked by the capture of Nohatnmerah.

This day the business of the Session really com-
mences. The last week has been devoted to re-
gulating the parliamentary machine, and rendering
it qualified to perform its important functions.
The lroyal Speech will be delivered, and a report
thereof contained in this very impression of The
Sun. Vague as may be the views, meagre the enun-
ciations contained therein, considerable light must
necessarily be thrown on the Ministerial inten-
tions so as to enable the community to form
a fair estimate of the Government plan for
the campaign at the Imperial Palace of
Westminster. It will be discovere3. whether
Lord PALMEASTON contemplates real bona fida
work, or desires to waste time, while his whipper-
in is feeling the pulses of the new Members, prob-
ing their consciences, and ascertaining what they
may be inclined to stand, awl what they will re-
quire ! We trust, for his own sake, that there
may be no more trifling with the wants and wishes
of the people. That the Legislature may be fairly
set to work to dispose of the long arrear accu-
mulated since the commencement of the late war,
and of other matters of urgent consequence ; the
postponement whereof must be very detrimental
to the national interests. This was to have been
a working year ! Bnt half the time has already
been wasted and misapplied, and it behoves all
parties concerned, but mere especially the occu-
pants of the Ministerial benches, to work double
tides, to make up for the time that has been al-
ready " frittered away."
There are many mattars that will not admit of
further delay ! The. Bank C tarter Act virtually
expired on the I,t of August, 1856, and the in-
dustrial classes are suffering deeply and severely
from its baleful effects. It is impossible to pre-
dict the possible consequences, should the all-
important question be even deferred to another
year. A crisis of even greater intensity than that
of October, 1847, may arise, when Ministers
must act, in order to save the " Old Lady " her-
self, and an indemnity will be required from the
Legislature. Bnt prevention is better than cure !
Before matters come to this state, fearful misery
must be encountered by e lat ge majority of the peo-
ple, and the apathy and indifference that permitted
the occurrence of such terrible calamities will be
fully expiated ! The state of the Money Market,
which makes many of the " meueyocracy" shudder
at the demon they have theineelves evoked the
transfer of the lion's share of profit from those
who have fairly earned it to greedy money-
lenders, requires in st alit attention, and the adop-
tion of remedies suited to the magnitude of the
disease. We have repeated:y indicated the na-
ture of these remedies. At present, it is suffi-
cient to direct attention t) the paramount im-
portance of the subject, to show that it will net
admit of procrastination, and that, so far as the
Government, the Legislature, and the People are
concerned, all are equally interested in bestowing
on it that calm and attentive, but, at the same
time, prompt, consideration which its vital im-
portance so eminently merits.
Besides the monetary, the fiscal reforms must
be taken into account. The iniquitous Income
Tax has only been renewed for a single year. It
will txpiie on the sth of April, 1358, and it
cannot be renewed until it has been greatly modi-

nication !

At the same time we cannot but think that7the
principal Government organ in this country is
somewhat beside the mark in congratulating the
British army under OUTRAM upon having secured
far themselves, by the capture of Mohammerab, tht,
scene of a healthy summer encampment. The
undeniable fact being that at a distance of about 60
miles above the solifronting cities of Bussorah and
Mohammerab, [Bussorah being situated upon
the western, and Mohammerah upon the eastern
banks of_the Shatt-el-Arab] the batiks of the Eu-
phrates are so low that, at the time of
the waters rising in May and June, the
country becomes overflowed for miles round....
being transformed, in fact, into one vast
swamc,• i.preAing to the immediate vicinity of

THE SUN, LONDON, THURSDAY EVENING, MAY 7, 1867_

LATEST NEWS.

MONEY MARKET

AND
i',OMNIERCIAL INTELLIGENCE.

CITY, Two O'CLOCK.

The Liverpool Cotton Market yesterday closed
irmly, and compared wills Friday's rate, all de-
scriptions were unchanged. The sales amounted
to 12,000 bales, 2,000 of which were taken fur
exportation, and 3,000 on speculation. The Rail-
way Share Market closed dull, with prices at a
slight decline.
The supply of capital in the general money market
is temporarily rather limited and full rates with
some degree of pressure are consequently still in-
forced. In a few days, however, when the settle-
ments at the Stock Exchange shall have ceased to
exert any influence, a quieter demand will no doubt
be experienced.

Nearly 100,0001. of the 2)0,000/. in gold brought
by the Anglesea from Australia has been taken into
the Bank of England. It was generally presumed
that the whole would have been sent to the Conti-
❑ent in payment of silver and other purposes. The
circumstance has therefore caused a more confident
Lteling among parties interested in an improvement
in monetary affairs, and as the drain to the East is
likely to diminish and there is a prospect of large
supplies of gold from Australia, and of silver from
Mexico, and a steady improvement is generally
anticipated.

The Funds opened this morning with a very
buoyant appearance. Consuls being 93 a for
money and 94i for June. A sudden and adverse
change however soon afterwards occurred when it
was discovered that the Bank authorities had called
in all their loans on stock. Consols then declined
to 931 and for money and account respec-
tively.

The Foreign market has been affected by the re-
action in Consols, and Turkish 6 per Cents, which
had been 94 are now about 931 s.

Railway shares are also flr.',i;ter. London and
North Western are IG5t st. Great Western 66 to
67, and Midland 82 to 83. French Shares are
timer.