The Sun.
London, England, 1850-01-19 00:00:00

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[PRICE SD.

es a; for he believed they had at
dmitted the truth of the axiom, that
money, hke water, must find its level ; that they
thought they wholly got rid of all sense of personal
rzspensibility in money transactions, and regarded
the upplication of all moral considerations to engage-
ments of a pecuniary nature as totally inapplicable.
The maxims which passed current on the Ex-
change were divested of the smallest degree of
morality, and were thought to enable them to perform
the most nefarious deeds without being sensible of
the pernicious conscquence6 which resulted from
them
to tie world. The system of war loans led to the
destruction both of the body and soul of
mankiml, and the present loan was an attempt
to perpetuate the supremacy of the will of one man
over all the inhabitants of Russia amounting, in
fact, to the destruction of all the faculties which God
had given us, and the conversion of man from a
thinking, independent being, into a mere machine to
be employed for the basest purposes, and to accom-
plish the objects of the worst of despots.—(Loud
cheers.) The right of
assemblin
qg to discuss
matters of this nature had been
uestioned, but
if that thing, that journal which, 'being without con-
science and without heart, would as soon slander the
character of one man as bespatter 'with praise that of
another, falsified the real state of things, and did not
enforce the principles of morality, they surely were
justified in speaking to their countrymen on
such occasions as the present. The leading
journal had declared the truth of the maxim that
property had its duties as well as rights, and he
maintained that this applied to capitalists as well as
to landed proprietors. He concluded' by expressing
his confident belief that the time would come when
transactions, private as well as public, would be held
to be subject to high moral considerations.
The resolution Was then put and carried, amidst
loud cheers.
Mr. JOSEPH STURGE, of Birmingham, in proposing
the next resolution, briefly addressed the meeting,
saying that he had come all the way froth Birming-
ham this morning, in order to be present, and assert-
ing his belief, with reference to the security of the
loan, that the thrones of Austria and Russia were not
worth seven years' purchase.—(Cheers.) The reso-
lution he moved was as follows :
" That in the opinion of this meeting loans for war
purposes and for the maintenance of standing armies
are unsound in principle and injurious to the interests
of nationp."
The Rev. Mr. BURNET seconded it in one of his
amusing but pointed speeches, asking the meeting to
make a loan to the Emperor of Russia, not of money,
but of their watchfulness and vigilance to his nefa-
rious proceedings, which would do more good not
only to him but to the world, than any amount of
capital.
The resolution having been supported by the Rev.
Mr. RICHARDS, was put and carried.
Mr. MITCHELL, who was announced as the editor
of the Jewish Chronicle, expressed his great satisfac-
tion, as a Jew, that no Jewish capitalist had come
forward to advance any portion of the loan. He
believed it was in consequence of the determined
expression of opinion, at the last meeting on the
subject of the Austrian loan, that they had come to
the determination to wash their hands of this villanous
transaction.—(Applause.)
A vote of thanks was then passed to the Chairman,
and after three cheers for Cobden, and a similar
number of groans for the Barings, the meeting 'e-
parated.

BANK OF ENGLAND.
(From last night's Gazette.)
in Account, pursuant to the Act 7th and Sth of Victoria, esp. 82, for
the Week ending on Saturday, the 12th day of January, 1850.

1891711 DEPAILTMENT.
Notes issued...• •• •• 30.075,685

Government debt • • 11,0i5,100
Other securities .... 2,984,900
Gold coin and bullion 15,798,6C8
Silver bullion . • • 277,077