The Sun.
London, England, 1850-01-22 00:00:00

on the gallant Magyars, and to carry out
his iniquitous projects against the integrity

of the Ottoman empire,

must be prepared

to avow himself an approver of the actions and a par-
ticipator in the designs of the Imperial despot. It
is vain to say that the parties who provide the means
cannot be considered in any degree accountable for

the purposes to which their funds may be applied—
that the only points in which they are really concerned
are, the sufficiency of the proposed security and the
remunerative character of the interest to be received.

If such reasoning were allowed there is no specula-
tion, however infamous, that would not be tolerated—
in the end large and inordinate profits would indeed
sanction the means that might be resorted to. The
establishment of gambling-houses or brothels would
be regarded as a legitimate operation, the pecuniary
gain to the speculators being more than an equiva-
lent for the misery and destruction in which the
wretched victims of their vile cupidity would be
involved.

"Non olet nummus," however, appears to be the
maxim of the money-dealers. " Make money,
honestly and honourably if possible, but, at all
events, make money," is the rule most implicitly
and religiously obeyed in the precincts of Capel-
court and of Lombard-street. Torrents of the most
brilliant and impassioned eloquence, in relation to
the impropriety of the taxation, might be poured
forth for hours without exciting the attention of
the money lords, or arousing them from their
apathy. In that respect they are like the "deaf
adders, who heard not the voice of the charmer
charm he never so wisely." But if a hint be dropped
as to the defective nature of the proposed security,
the possibility of ultimate loss, and of their
calculations proving inaccurate, then, indeed,
an anxious and attentive auditory will
be obtained, and every word will be
listened to with the most profound solicitude. We
must, therefore, endeavour to show that there is not
that clear and absolute certainty of profit, of
punctual payment of dividends, and of high quota-
tions, and ready purchasers for the stock whenever
it might suit the purposes of the holders to send it
into the market for disposal.
We have already alluded to the suspicions that
must naturally be entertained from the gross, pal-
pable, and disgraceful falsehood put forward by the
CZAR with respect to the alleged object for which the
money is to be raised. We also noticed the
curious fac', that under the ukase of the 31st March,
1847, the EMPEROR is the holder of British Govern-
ment Securities to the amount of 4,600,0001.
sterling, in addition to the 2,000,000/. sterling
invested in the purchase of French Rentes iu the
course of the preceding year. The sale of these
securities would be more than sufficient to provide
for his present exigencies, and if his intentions were
straightforward and honourable, why should he not
avail himself of these resources, and not submit
to a considerable annual loss in the differ-
erce of interest receivable on the money
lent, and payable on the money borrowed ?
What would a Commissioner of the Bankrupt or In-
solvent Court say to a trader, who came before him,
accounting for his unfortunate position by the fact
that he had lent money at a lower rate than he ob.
tained it, or habitually sold the goods, which he
obtained from his too confiding creditors, at less than
first cost prices? Would not the humiliating confes-
fession carry with it the condemnation of the delin-
quent? Would not protection be refused, and the
party sent to expiate his commercial improprieties
by a long imprisonment ? Most unquestionably
so. The very nature of the dealings would
prove that fraud must have been contemplated
that the debts were con-
tractedfromth
we very
ithoutbaengyinbning,
bona fide intention of payment.
In what, then, does the conduct of NICHOLAS differ
from that of the fraudulent dealer ? How can it be
justified or defended ? And does it not, to say the
least of it, cast a grave suspicion about the entire
transaction, that should deter prudent men from
meddling therewith ?
Again, let those who are about to advance their
money consider what will be the probable results of
any menacing indications in the political ho-
rizon. At whit price will the new stock
be quoted if Russia should become involved
in hostilities with any of her neighbours, more es-
pecially if England should take any part in the quar-
rel? Would not the payment of all dividends be
suspended ? What goods or bullion would bo trans-
mitted from the Russian ports to satisfy the demands
of the creditors? They would, when too late, bitterly
lament their strange infatuation. The principal could
not be sold at any price, the interest would be with-
held, and the ruined dupes, cast down from their
palmy and prosperous condition, would at length dis-
cover that honour and honesty were indeed the best
policy.
Are these contingencies then so improbable that
they should wholly be omitted from the calculation ?
Are the hereditary traditions of the Russian dynasty,
with respect to Constantinople, already forgotten ?
Does the CZAR consider the Anglo-Indian empire
without a feeling of envy ? Or is there no probabi-
lity of a rupture arising with any of the European
powers from the innumerable causes of war always
in existence ? We emphatically warn those who
might be tempted to invest their property in the new
stock of the dangers and casualties to which they will
be exposed, and which will ultimately bring down a
well-merited punishunert upon those who are only
moved by the auri sacra fames, whose only incentive
is the wicked thirst for gain.

We have much pleasure in calling attention to the
report in this paper of the ninth annual meeting of the
Provident Clerks' Association. The unanimity which
prevailed must have been exceedingly gratifying to
the Board ; and their perseverance in declining to
receive an addition to their remuneration of last year
procured for them the hearty
applause of the members
present. We have always taken a warm interest in
this Association, and congratulate all concerned on
the marked increase in the business of the past year.

We have reason to believe that the auspicious event
which we mentioned yesterday as likely to increase
the number of the Royal Family may be expected
about the middle of April Aut.