The Sun.
London, England, 1844-12-21 00:00:00

of the market price, she will continue to be doomed
to gather. And it is of such bitter, such poisonous
fruits as these, that the resolutions talk in this com-
mending strain—always on the assumption that the
indulgence in such luxuries is not to be extended to
Scotland :

" That, in return for these certain evils, it has been
stated that there is a claim upon Scotland to adopt a
gold currency, not for any practical benefit to herself,
but that thereby she may contribute her aid to the re-
served fund of the precious metals which the Legisla-
ture has wisely provided should be held by the Bank of
England for the ratification of exchanges, and of com-
mercial and other dealings with foreign countries ; but
it appears to this meeting that the burden alleged to be
imposed upon the Bank of England is for the general
benefit of the empire, and in return for important immu-
nities conferred, of which Scotland, in the shape of taxa-
tion and otherwise, contributes her fair proportion, and
that London, ,w the great centre of commercial and
monetary dealings, is obviously the place where alone
the derangements referred to can be rectified, the re-
mittances in specie to our merchants being all directed
thither.

" That while this meeting, therefore, fully appreciates
the value of the reserve of the precious metals referred
to, and the periodical publication of its amount as an
important beacon, alike to the statesman, the banker, and
the merchant, they must, at the same time, wholly dis-
claim the belief that whether the three millions of cir
culation in Scotland consisted of gold, or of bank-notes
convertible into gold on demand,' any perceptible ab-
straction could be made from it in aid of that reserved
fund, while the amount of circulation is restricted, as at
present, to the mere necessities of the country, as a me-
dium of exchange for its daily transactions."

The "reserved fund" of the precious metals "wisely
insisted upon by the Legislature," quoad England,
forsooth ! If so, why were it not wise to make Scot-
land a party to the scheme ? The requisitionists
know better. Their first resolution declares that the
intention of the Government to withdraw from the
circulation of Scotland all small bank-notes under 51.,
has occasioned in that country 'a degree of alarm
which the meeting (notwithstanding their respect for
the high authority of those who deem such alarm to
be without foundation) do not fully concur in. But
the second resolution, as comprehending the chief
points of political and social importance in that mone-
tary system which Sir ROBERT PEEL seems either not
to have sufficiently appreciated, or to have strangely
overlooked, we give at length :
" That the banking system of Scotland, since its com-
mencement, a century and a half ago, has through suc-
cessive
generations become more and more deeply in-
terwoven with the whole social system of our country.
Its monetary power, now based upon twelve millions of
capital, and, at least, thirty millions of deposits, has grown
up with the increasing wealth and prosperity of Scot-
land, in agriculture, commerce, and the useful arts, all of
which it has powerfully promoted; and it never possessed
the confidence and attachment of all classes of the com-
munity more fully than at present. That it has also
exercised a most salutary influence upon the moral and
orderly habits of the people ; by the perfect security
offered, and by the allowance for the shortest period, and
upon sums so small as 51. or 101., of a reasonable and
equal rate of interest, industry, frugality, and sober
habits, have been encouraged through all classes, and
Scotland has thus enjoyed, for many generations, the
benefits which have been only conferred at the present
day upon England, by the establishment of savings'
banks."

The third, fourth, fifth, and sixth resolutions, like-
wise point to these invaluable, and assuredly indis-
putable results, after describing the economy and
security of the Scottish banking system, the perfect
efficiency and competency of its scheme, and its ope-
ration for all the purposes proposed to be accom-
plished by it. But will Scotland be at once so unjust
and so unwise, so unreasonable and so short-sighted,
as to desire that England should continue to groan
under a burden of which she herself so well under-
stands the oppressiveness, in order that she may
enjoy a fancied exemption from it ? Can she forget
that England is the great mart for that produce
which her hitherto undisturbed system of a paper
currency has enabled her to raise with so much
benefit to herself? Can she be blind to the fact that
when England sinks under that burden, as she will
assuredly do in a very brief space of time, if she do
not succeed in indignantly throwing it off her shoul-
ders, Scotland must sink with her ? But we will not
believe that the proceedings of the Lanarkshire
meeting represent the sense of a majority of the
Scottish people, on a subject in which they have such
ample reason to take a deep and honest interest.

We have received Madrid journals of the 13th, but
they contain no news. The Chambers had not met
for several days, and for once we are spared the pain
of announcing more executions.

MADRID BOURSE, DECEMBER 13.—Three per
Cents. 32k at sixty days. Five per Cents. (same
period) 22 ; and Floating Debt, 784 at forty-five days.

The leading articles in the Paris journals are not
of much interest to the English reader, if we except
a short and a very well-drawn character of the
Jesuits, which appears in the Journal des Debats.
The writer seizes the opportunity of the late melan-
choly disturbance at I Lucerne for the purpose of
pointing out to the French people the dangerous
tenets if the sect, and warning them against the en-
croachments which the Jesuits in the Gallic Church are
meditating both against liberty and the present system
ofeducation in France. The article is the more important
as it applies with equal force to: other churches, and
to none more than the Puseyite Church of England.
Were the tenets of PINEY, NEWMAN, WARD, and Co.,
and we may add, the tenets of a majority of our
Bishops, to become dominant in this country, the glo-
rious system of liberty which England enjoys, and
which she owes to the Reformers—especially the ca-
lumniated Puritans—would in a few short years be
scattered to the wind. It is a melancholy truth,
which cannot be controverted, that with a very few
exceptions, those churches, to whom the education of the
people have been entrusted, have been more anxious
to increase by that means their despotic power than
the moral and pure religious education of the people.
It appears from the article to which we refer, that the
Government of Lucerne, in a fit of blindness, had
invited the Jesuits into the country, and for this the
unhappy- people now suffer. " There is a fatality,"
says the .Journal des Debats, " attached to this Order
since its origin, that wherever it appears, discord
arises in the State and in the Church. Were the
Jesuits even as inoffensive as they pretend to be, their
aid would be too dearly purchased at the price of the
blood of the citizens ! Priests, influenced by a verit-
able spirit of charity, would have stopped short
before this blood which was ready to flow; they
would have said, We will not enter amongst you
over the 'dead bodies of your brothers We parti-
cularly dlisapprove of the Grand Council of Lucerne's
having ita vited the Jesuits to assume the direction
of the _Episcopal School. This was intimating a
wish to have all the clergy Jesuits, and to favour
the pretensions of this Order, which aspires to
absorbing the Church itself. Deep politicians
as they are, the 'Jesuits willingly yield to others the
external eiclat and apparent rights attached to eccle-
siastical dignities. They care little about not being
cures or bishops, provided there be no cure or bishop
who has not passed through their hands. What they
want is the direction of the ecclesiastical schools,
great or s mall. They know well that the world is
governed by education, and that the master of the
child rem gains in general the master of the man.
When oat as placed in possession of the ecclesiastical
schools, they would form a clergy which would only
Irkoei
rcn(ogi gdi
tno imos
r their
theltl,mx
whole
, oa
u dms . By
s..
nofo
the
hoen h
longer
et
r Catholici s
be
eclergy they
permitted
world,
an t
odwould
any
one who iis not a Jesuit to call himself a Christian.
And God only knows what would then become of
this Ebert, y, to which they make an arm of at present
to arrive sat domination ! Simple indeed are they
who imag 'tine that liberty is the last word the Jesuits
will prono &ince ! When we demand liberty of con-
science we-, demand it as the right of man ; for the
Jesuits it is a means. Their empire once re-esta-
blished, yt ra shall see how they will respect liberty."
The lira tional has a long article on the decay of
French co m merce, wnich, it says, is menaced with
speedy des t; ruction, unless men engaged in trade will
struggle ct irageously with their competitors in Lon-
don, Berli a , and Boston.
The Fre r(ch Funds continued firm on Thursday.
The Three per Cents. closed at 85f. ; the New Loan
at 86f. 70c. ; the Five per Cents. at 120 f. 55c. Or-
leans Shar et , 1,140 f. ; Rouen, 1,060 f.; Havre, 815 f. ;
Avignon, !9:30f. ; Strasbourg, 313 f. 75c. ; Versailles
(right bai tl -), 517 f. 50c. ; and Ditto (left bank),
392 f. 50c. Spanish Actives, 33i ; Three per Cents.,
37t ; Pass ivt is, 6 ; and Belgian Two-and-a-Half per
Cents., 62 f .Boc.

The sul )seription for public baths in Birmingham
already ar aounti I to 4'600/., a fair earnest ,of the accom-
plishment of thq philanthropic purpose in view.