The Sun.
London, England, 1826-01-27 00:00:00

SAIITiI Fl ELD MARK ET, JA.N.

The following is an &mutate Itepnrt 4he numbers and
prices atSulithtichl Market thim morning •

CATTLV A V AtARKICT

Beasts
Calves
To sink the Offal, per stone (AM.
Beef 4s #lll to ba 2d 1 Veal ... Ca Ad to 76 Od
Mutton 4s 10e, to 151 t 24 1 Pork 6tt to de tai
Lamb tit Lid to Os Od.
'HAY AMP ST RAW, 'PER LOAD.
Ilay
Straw £l ills to .1:2

3,070
90

The whole mystery of the rate run upon banks
has been solved by Mr. 11;v1No, of the Caledo.
nian Chapel. It polfends the. coming of Anti-
Christ. Mr. Inv.!No bees 64 4 disease gene-
rating in the bowels of the earth which will of
itself strike us down." This appears the more
easy, as the pecuniary bulwarks of the na.
Lion are subverted, the nation itself reeling and
staggering like a drunken man." The same tufa
tion is ripe for the judgment," though a short
time ago it had 44 like to have fallen ttsleelibitk
the arms of national glory and commereiai pro-
sperity." What. a condition are we in I Like
to have fallen asleep in the arms of twQ insidiota
fair ones,

LONDON JOURNALS.
DA lIX
Bxtracts from the Morning Papers, Jan. 27) 1820

Enarrtsu
At the meeting of the General Court of Pro-
prietors at the India House on Wednesday, the
remarks made by Colonel Leicester Stanhope, on
what he was pleased to designate as " the most
unnecessary and destructive war" at present car-
rying on in India, serve to chew with what errow
ne4nOmpression his mind hat been inoculated
upon this subject. He seems to be influenced—
if 'see 'may judge from the warmth of his invective
—by a more than common. share of prejudice.—
Hi gave it us his opinion that more money had
already been spent upon this war than would
have sufficed " to build another St. Paul's, or to
have extended the quay on the river Thames, and
have made it the finest promenade in the world."
We should regret certainly if the cost of the Bur-
mese war should deprive London of the latter of
these establishments ; but we do not consider
this as very likely, unless, peradventure, there
is a nearer alliance between Col. Trench and the
Golden Emperor than we are at present aware
of ; but even so, it is not quite fair to infer that
the expence of any measure is unwisely incurred
because' its amount might, if not so applied
have accomplished any other purpose which had
no relation to it. But the gallant Colonel, not
satisfied with this inversion of all the rules of
reasoning, proceeded to declare that 44 he thought
if Loltl Amherst was allowed to continue at the
head of the Government of India, he would ul-
timafely be the cause of the total loss of that em-
pire to this country." It world perhaps be diffi-
cult to name any Governor-General of whom the
same thing has not been prophesied fifty times
over. As to the accusation of having' rashly in.
velvet] the Company in the war at present waging
against the lJirman Empire, Lord Amherst, we
think, may confidently call for an acquittal on
that score. With a View to removing the mis-
conceptions which we have reason to believe pre-
vail very generally upon this subject, we purpose,
either to-morrow or on Monday, to enter fully
into the cause of this war—the manner in which
it has been conducted—end the objects ultimately
to be secured by it ; and thus to enable the pub-
lic in this country to form their opinion, on ride-
quate arid authentic evidence, and not, as at pre-
sent, from hearsay statements and the misrepre.
sentatiens of party.

[TII E TI M ES.]

In our Paper of yesterday, we reported the
nature and result of un interview between the
Board,of Trude and •tt Deputation from the silk-
matinfacturers. Mr. lluskisson, it appears, could
not promise any iuterference on the part of Go-
vernment, nor any change of the existing law, us
mentis of mitigating the actual distress-of the silk
trade--eretaining conscientiously, us the Right
Gentleman declared, his opinions of Inst
year upou the subject in conformity with which
opinions he had carried through Parliament the
repeal of the former laws, prohibiting the im-
portation of manufactured silks from neighbour.
leg countries into England. We beg to have it
understnod, that in any observations which may
fall: from us with regard to this highly interest-
iu question, we cannot shut our eyes or hearts
to the circumstances under which it comes before
us. It ;is impossible to look at the thousands of
poor.industrious weavers, with their helpless fa-
milies, who at this inclement season are dis•
missed front work, and thrown noon whatever
charity may be inspired by Providence into the
breasts of their fellowecreatures, without being
strongly•tempted.to give way to the ready and
unrellectiog impulse of humanity, and to concur
itt any, expedient for relieving the misery of the
present hour, heedless of what the next may pro-
duce. J/ut .it is necessary to consider well the
treattnent sit' diseases to which society is at all
times liable. By restoring the old nominal prohi-
bition against foreign silks, is it certain that we
should • improve, or that we should deterioarate,
the general and permanent condition of the En.
ghsh
,workman? Is a monopoly more secure
against all vicissitudes of the market ? Have we
netser_ heard of distresses in the trade while the
former.laws• were in force ? The enormous quan-
tities.of smuggled silkshave proved, we appre-
hand, the
.utter inefficaey of prohibition. The
success ,of, smuggling, and the impossibility of
preventing:. it, have been admitted by the silk-
uannfeclurers .themselves, end more than admit-
fed strange to say, they have been dwelt upon
by the- writers and speakers of that body, for the
curious purpose of effecting the repeal of a duty
which was calculated to undermine the smuggler,
and of restoring.a prohibition, in spite of which,
and because of which, he had prospered in his
contraband against the English trader. lint what
was Mr. fluskisson's reply to the appeal of the
Delegates on Wednesday last ? He acknowledged
that some of the distress had arisen from the fear
elan inundation of silks from Lyons, on the expiry
of the old law, hut that a.great deal more had been
occashined by the indiscreet speculations of the
bilk-dealers. Of this latter opinion we are bound
to say, that. .the hest intelligence which has
reached us goes fully
.toestabiish the justice. On
the promulgation of the new system, to the sup-
port of which, let it be remembered, the Mini-
sters were eagerly encouraged by the official evi-
dence of the principal manufacturers themselves,
a general confidence in the success of it seemed
to preveil amongst tine silk-trade. The protect.
ing duty of :ft) per cent. upon French goods, was
not the only nor most remarkable feature in the
Hew regulations of Mr. Huskisson. The mon-
strous.doty upon the raw material was a !molt
annihilated. It was reduced from fis. nd. in the
pound to which is the same amount to which
the French importer is :;object. It does not ap-
peer, therefore, that the manufacturers- and
silk-merchants were -unreasonable iii expecting
a glorious harvest of prosperity to • follow
from RUA a reduction of duty on raw silk
and soch .0 protection of the manufacture
combined. They one end all accordingly
rushed Into the market—every pound of silk that
could, be. heard of, throughout hurope arid Asia,

was bought up ; the ovidtty of purchase operated
as a tremendous tax—tislirice of silk was raised
little short of 100 per cent.,,ipstead of being suf-
fered to experience the benefit designed" for it by
the Legislature : the mattirlil thus forced up to
an artificial and prepotterous value was expected
to be sold in its Manufactured form at a prat—
e thing altogether impracticable : a necessary
fall of price succeeded to the unnatural eleva-
tion—the goods have lain on hand—the journey-
men are dismissed—the trade is distressed—the
cries of hunger are mingled with the clamour of
disappointed cupidity—the relaxed system of
commerce is blamed for consequences resulting
in a great measure from the unwise abuse of it,
and Government is called upon to indemnify
the authors of their own calamity, by the
sacrifice of a principle which, if sufficient-
ly extended, and skilfully applied, would have
accomplished, all the good that the manufactures
themselves at first anticipated from its operation.
But, on the other hand, we are ready to acknow-
ledge, that if Ministers stop short at the point to
which they conducted the interests of the silk-
trade in the former year, they will leave it in a
most insecure condition. Although the imposts
on the raw material, so far as silk alone is con-
cerned, has been so liberally reduced, there are
other articles essential to the trade, in the use of
which it is phsically impossible for the English
manufacturer to maintain a competition with his
rivals. There are twenty other taxes affecting
the manufacture which Must be reduced, or even
the high ditty of 30 per cent. will not, in the
end, afford a protection against the foreigner.—
Ali unit:lts employed in dyeing are subject, in
this country, to severe taxation. ft is in the
beauty of their colours that the French have
hitherto enjoyed their most brilliant triumph over
us. Yet, no if to perpetuate this superiority, and
to defeat the very object of a reduced tax on silk,
the dyes, which are its passports to consumption,
have remained as inaccessible as ever to the English-
man just entering upon this course of adventure.
Mr. Ifuskisson therefore will, we trust, exert
himself to remove this further obstacle in the way
of his own success. The last article which we
shall touch upon, as of some value to the British
workman, is a loaf on reasonable terms. If the
monopoly in corn be maintained, while that
species of preference be taken away from every
other class of our domestic industry—if the corn
law be still suffered to exist, as a bounty to the
foreign manufacturer for overflowing this kingdom
with his rival wares—how is it possible for the
Bnglish manufacturer to stand at once against an
admission of foreign wares, and an exclusion of
foreign corn ? The truth is, that a free trade in
corn ought . to have been the basis of all other
commercial freedom, as being that without which
every other must have a vain and puerile chimera

,[NEW TIMES.]
In the discharge of our public duty, we have
lately been under the painful necessity of record-
ing the proceedings of various public meetings,
held in consequence of the distress which prevails
in the Silk Trade. A meeting of this kind assem-
bled on Tuesday last at Congleton, in Cheshire,
where, out of a population of 10,000 inhabitants,
no less than 4,500 derive their subsistence from
the silk business, a very large proportion of
whom, we regret to learn, are out of employ.—
Our Macclesfield Correspondent, too, mites us,
that in that town there are between 9 and
10,000 persons wholly unemployed, and it is
feared that the number will increase. The
Poor rates there have become unusually heavy,
and the sums paid in wages are diminished
by near 11,0001. per week. It will also be
seen, that a meeting was held last night at Beth-
nal-green, when a resolution was passed to apply
to the. Lord Mayor for his assistance in setting
on foot a subscription for the relief of the Silk
Weavers, on the ground that the parish funds
are quite inadequate to that purpose. Statements
of this kind will always command the most anx.
ious attention of his Majesty's Government. The
King's Ministers have directed their zealous
efforts towards the improvement of the national
resources, by adopting the most enlightened
views in political philosophy. Improvement,
however, implies change, and great changes can-
not be effected in the distributions of property,
or the modes of employment, without producing
a temporary pressure on sonic part of the commu-
nity. Of this there are no persons more fully
aware than the Statesmen now at the bend of
utfairs, nor can any persons be more anxious than
they are to benefit the public at the smallest pos-
sible expence of private comfort and conve-
nience. They will, therefore, never be found to
turn a deaf ear to complaints such as those above
mentioned ; but in estimating the real importance
of the facts stated, regard must be had to. their
causes. Is the stagnation of the Silk Trade
wholly owing to the prospect of foreign compet►-
tion with our manufacturers; or is it not, in great
part, attributable to the conduct of some of the
complainants themselves ? The taking oil the
(links on raw silk opened a new scene of profit,
in which many became eager to share; that hap-
pened, which has been eloquently described by a
foreign writer, as of frequent occurrence in the
history of commerce—" Whenever fortune opens
the gates of I►er temple, says he, the crowd
rush in with an eagerness that approaches to
frenzy. They press Against, they overturn
each other, without a possibility of preventing
those fatal accidents. Thus it is, that cupidity
becomes inflamed, speculations are multiplied
without bounds, markets ,Are glutted, the re-
action is felt in the manufactories, the demand
ceases, orders are revoked, the forge is silent,
the loom is still, and the workman is reduced to
idleness and want." But although this picture
may in part lie applicable to the Silk Trade,
still Ministers are not to disregard, and eel-.
wilily will not underrate, the actual sufferings
of the poor. The only question will be, whe-
ther such sufferings are not attributable to
temporary causes, and may not be re►nedied
without an abandonment of those arrangements,
which have bee►► the fruit of deep meditation, and
enlightened judgment.

[MORNING ellitON I CLV.I
Though we extremely lament the enuse which
has prevented the Lord Chancellor from sitting,

we cannot regard the strspension of his Lordship's
judicial labours, as any interruption of the busi-
ness of his Court. On the contrary, we think
that the condition of suitors iu the Chancellor's
Court has not, during the whole period of his
Learned Presidency, ever been so endurable as
at this moment. As much is done now as
has been done for years back, and that without
the expence of a single sixpence. The doors of
Lincoln's-inn Hall being shut, there are no
attendances from day to day, for postponed
judgments, no useless motions, no unheard
hearings of causes, or carting of reams of papers
fur Hamilton-place. Every thing stands still
just as if his Lordship were sitting, with ,
this difference only, that things stand still with-
out expence, which is the only thing that makes
any progress during the Chancellor's sittings.—
' Some years ago when an ill-managed theatre,
which had been playing at a nightly loss, was
shut up, the committee, unphilosoohically mis-
taking the privation of an evil for a positive good,
were in raptures when they missed the nightly
ruin, and fancied that it was prosperity. " Ah,"
they.reasoned, " if we could always go on thus,
we should be enviable indeed ; then we should
flourish. For the prosperity of a theatrical con-
cern, there is clearly nothing like shutting up the
house !" The feeling of Chancery suitors is at the
present moment, probably, similar to that of the
sages we have alluded to on a like occasion.

[MO It NI NG POST.]
- -

While the cause of Greece revives and flourishes
a degree which her Christian enemies little an-
icipated, the, policy of the new Russian Emperor
assumes a decided character, which cannot fail to
act as a powerful diversion, even if it should
lead to no military interference, in behalf of the
struggling Patriots. Besides the Note published
by the Austrian Government, in which Nicholas
declares his intention to maintain the political
system of his late brother, another Note, it is
now admitted, was also forwarded by Count
Nesse!rode to the same Court, stating " that the
Russian Cabinet had decided that energetic rime-
se:Rations should be again made at Constantinople
in order to induce the Porte at length to execute
without restriction the stipulations of the treaty of
1812, concluded at Bucharest, and especially
those parts which concerned the Principalities of
Moldavia and Wallachia. The Russian Cabinet
having resolved that the negociations which had
been so long carrying on with the Divan should be
promptly terminated, desired that the Ambas-
sadors of the great Powers at Constantinople
should join M. Minziacky, the Russian Charge
(PA ffaires,in the communications which he would
have to make to the Reis Effendi, conformably
to the new instructions which would immediately
he transmitted to loin.'' This language is no
longer that of one who is led, but of one who
is determined to lead. There is in it no symp-
tom of indecision, no weak submission to the su-
premacy of Austrian policy. Nicholas declares
that he is going to act with energy ; that the
treaties which the Porte has violated for years must
be observed; that her repeated promises must
00 longer be evaded end unperformed, and
that in the great work of compelling her to ex-
ecute faithfully her engagements, he demands,
not the permission nor the advice, but the aid of
all the European Powers. If this be adhering to
Alexander's system : it is to that which he was
about to adopt and not that which he had hitherto
pursued. However this may be it is one which
must lead to decisive events. Nicholas himself
seems to be of that opinion, for it is stated that
he was preparing to repair to the Southern pro-
vinces. Like the Russian General Officer, whose
letter we noticed yestesday, he probably feels
that in order to secure the fidelity of Ids armies,
they must be actively employed, and that noth-
ing can more completely gain their favour and
their love, than being at hand to head them
against the plunderers and destroyers of their co.
religionists.

[TUE PUUSJC LEDGER.
Last night we received Dutch apers'to the
21st hist. The insurrection in Java appears to
have produced some shame, as well as alarm, in
Holland, and, to evade - the imputation of mis.
government, an attempt is made to fasten it on
the native Priests, who, it is said, have announced
that the second reign of Mahomet is at hand, and
that Christianity is of course on the point of being
extirpated. That this prophecy May have been
a fruit of the general excitement, it shocks no
sound notions to believe; hut that it was the
seed, is contrary to all experience. The instances
are very rare indeed of prophecies having pro.
yoked great convulsions ; but there are flume-
rous examples of Prophets starting up in
times of trouble. It is stated, that the
Porte has given notice to the Agents of Fo-
reign Powers, that oil foreign ships, on en-
tering the Dardanelles, to whatever nation they
may belong, must stop, and ask permission
to pass the Straits. Such vessels as shall act in
contravention of this order, will be fired at ; and
it is extravagantly supposed that this measure is
preparatory to an order for closing the Straits.--
It is much more probable that it is the result of
the report that Lord Cochrane means to join the
Greeks ; and as the Porte is not ignorant
of the enterprising character of this distill.
guished Officer, the present precaution may
be the result of that knowledge. These
Papers contain no news from Russia, but such '
as is already known to our Readers ; but we have,
through another channel, direct advices from St.
Petersburg!) to the' Bth instant, from which we
learn, that the public tranquillity had remained
undisturbed since the revolt of part of the :garri-
son. We have also received the St. Petersburgh
Gazette to the same date, which of course puts as
good a face as possible en the state of affairs. It
says, that the whole of the first colps &armee has
taken the, oath to the Emperor Nicolas ; that the
corps in Finland hai done the same ; and that the '
people every whereos well as thearaiy, are rather
eager, than remiss,, o 'recognizing- his authority.
If the reverse Of this were the truth, we should
have still the same assurance; and this is the that the statements,-:which -emanate from
arbitrary ,Governments,•,obtain so little credit.—
Not a word is. said of COUlitltilitat' in-the official

Paper, though his image must, one would suppose,
have incessantly hau:ited the minds of its patrons.
If he has given, however, no cause of suspision
to the new Emperor, both one and the other
would be perfect patterns of magnanhnity ; but,
with all our habitual veneration for high per-
sonages, we are not wholly satisfied with this ex-
planation of the apparent harmony of the two
Imperial brothers. If the renunciation of the
Russian throne be a bona fide act on the part of the
elder brother, an indemnity has probably been
held out to him in another quarter. From the
birth he has been destined to wear the Greek
Crown; and as this destination must have taken
deep root in his own feelings, as well as in the
prejudices of the Russian nation, we have here a
key at once to many recent circumstances, that
would otherwise remain perfectly unintelligible.
A few months more, however, will chew the
value of this hypothesis.

[MORNING HERALDI
The accounts received in town yesterday morn-
ng of the stoppage of the Liverpool Bank, and
other extensive con►rnercial failures in that place,
diffused a gloom over the Money Market, which
considerably paralyzed the time operations on
the Stock Exchange. The commercial adven-
turing mania appears to have been as general
and sweeping at Liverpool, as the Joint Scheme
mania was in London, scarcely a single commo-
dity having escaped ; and it also appears to be
equally, if not more destructive and over-
whelming in its consequencei. The present crash,
in addition to the Banking-house, comprehends
some of the leading houses in the hide and skin
trade, who are now overtaken with large stocks,
on hand imported, and bought at prices which
cannot be realized. It is also one of the benefi-
cial results of our trade with South America, the
giving cotton goods near 50 per cent. below prime
cost for hides nearly as much' above their average
value. Two considerable houses in their line in
the City also stopped payment yesterday. One
of them (Abraham Dixon and Co.) in the woollen
trade, is closely connected with a large manufac-
turing concern in the neighbourhood of Leeds ;
but it is believed that their capital is sufficiently
large to enable them to sustain the shock. The
other is the firm of Campbell, Bowden, and Co.,
general merchants, but they are not believed to
he so exteusively involved. In consequence of
these various announcements, Consols opened
heavily yesterday morning at 8041, and fell pro•
gressively, until they closed at 801. The time
transactions were more limited than they were on
IVednesday, the ardour of the Bulls having con.
siderably abated. Three per Cents. Reduced
were sold at from 811 to ;3j per Cents. 891
to i ; and 4 per Cents. 971. to 98; large Exche-
quer Bills, 1 dis. to par; small, 2 to 4; and
India Bonds, 9to 10 prem. There was nothing
occurred worth notice in the Foreign Market,
except a fall of about 1 per cent. in the leading
Transatlantic Securities. We heard from good
authority on 'Change that the Bank was very
cautious, and also limited, in their mercantile
discounts yesterday.