The Sun.
London, England, 1826-05-08 00:00:00

have no doubt, that if his life had been spared, the
improve&condition of the Colony would have borne
testimony to the wisdom of his adininistratior.

In the E?ttracts from the Daily Papers; in 'our last
page, our Readers will find an article, taken from the
Times of this morning, of a very alarming eharacter.
If the information and opinion given in that article be
correct, it would seem that hostilities between the Ca-
binet of St. Petersburgh and the Porte are ineVitahle,
and that it is more than probable that this country will
bo obliged, to take part in the contest. But without
pretending to know all the objects of the Duke of WEL-
LINGTON'S late mission to the Russian Capital, or the
success or failure of some of those objects; and although
we have not the advantage of a Correspondent in
Paris as the Times seems to possess, able to fur-
nish us with the result of the secret deliberations of
the Councils of the Emperor NICHOLAS, or of the
discussions .carried on by the Duke of WELLINGTON;
We Are able to aver, without the fear or possibility
of contradiction, that that part of the article in ques-
tion, which asserts " as a fact to be relied on," that a
squadron of seven sail; of, the line is actually under
equipment at Portsmouth, for service in the Mediter-
ranean, and that transports are preparing for the con-
veyance of troops, is absolutely untrue,, and has not
even a shadow. of foundatipn. As such a glaring misre-
presentation is made with regard to
;matters Said to be
going on at Portsmouth, we think our Readers will be
inclined to doubt the correctness of the other informa-
tion. announced in the same article of events at St.
PetersbUrgh and Constantinople• For ourselves, we
believe the whole to be a speculation on probabilities,
rather than the substance of any information which
can have reached the Times.

John Buil has often been waggish, and sometimes
witty, but always coarse' and personal in his remarks
upon the Equitable Loan Bank Company ; indeed,
his hatred to that undertaking has been so firm, that
he has Condescended to shake hands with his political

Alderman WAITIIMANi because he op-
posed ihe'irojeet. —Thus, John Bull and the worthy
Alderman established themselves favourites with the,
Gripe family, and joining their forces to those of that

. numerous clan, fought, hand in hand, under the triple
. ball banners, against what John, in one of his usual
elegantly turned. compliments; designates ,a jesuitical
humbug ; and, in defence' of mutual accommodation
and twenty per cent. 'YeSterday John Bidtannounced
to his readers a 'victory ever 'the Company, whose de-
feat has been accomplished, not less by the, extraordi-

Mary pressUre of the times, than by the :opposition

which it encountered, We have no objection to the
jokes which Alin has occasionally played, off
upon the Company, for, although they - were

mostly old ones, ramped up for a new oCeisiOti
and many of them miserable enough, yet they w4e,
doubtless,. John's very best
.; but, We, deprecate: the
general attack which has been made,. not .rnerely oi).81V
•
the project itself, but also upon the character and,
motives of the Directors ; and made, not only by the
aforesaid John Bull, but also by other ;Papers, If an
. objection can be fairly made to. this cstablialiment, 9ttch
objection must apply equally to every undertaking of
the kind :we aronot friendly to such speculations. If
individuals in trade can, and do, accomplish: all that is
requisite, there is no excuse for forming a Company;
but if there , be in any trade a combination against the
public, if imposition on the poor be almost universal,
• and if rite capital;engaged
.be insufficient for the ac,.
conunodation of the community, then there arc
,sub-
stantialtrounds for correcting •tho.,evil and supplying
the deficiency. by means of a Joint Stock Association.
That the system of Pawnbroking.iS. an evil, nobody
will question, but it may be a necessary evil, and if it be
endUrable at all; it should be made as useful as possible.
When the establishment of the Loan Bank was contem-
plated, it was known that pawnbrokers were ready enough
to lend
,Men pounds upon their watches, and women
shillings' and pence upon their own or their childrens'
• elOthing';- because, although it was, in all probability,
to obtain supplies of gin, the borrowers of small, sums
paid the lenders 20 per cent.; but,,,therey e.ere non
who would lend the merchant hundreds upon his
bulky ods, although such assistance, during the late
would, have saved hundreds from the Ga;; die ;
so that, although the mischief of the system was in full
force, tie, benefits were scarcely knOWn. it Was
one of the provincy of the New COMPany to reverse
this order of things. Besides this, for a long period,
amongst many of the fraternity, a system of the
most abominable extortion had prevailed, of suffi-
cient magnitude to warrant any measures of oppo-
tiition ; so that, whether We' look to the abuses
in the trade, or the inadequacy of the system to any
good purposes, . the attempt to form a Company was
justifiable ; nor has the trial been made without its
good effects being experienced, for, Whether it arises
from fear of competition, or u recollection of. ex-;
Posure,true it, is, that the conduct of the trade has
been improved in a great degree, and many evils havo
been rooted out. . The fraternity has been obliged to
declare itself more honest than it 'is, and to act in some
degree yip to its professions: 'The scandal. which has
been poured in upon the Directors, .rnqulres but little
notice, ii*expenditure of the FUnds has been caused
by' thOs4i-tylio have 'opposed the undertakinc, in and out
~) of Parliament, and who now reprOhatO the apparent
extravagance. The parties:engaged in defaming. the