The Sun.
London, England, 1826-04-07 00:00:00

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about 7,300,0001., presenting a deficit in the
quarter, as compared with the estimate, of
2,080,0001. ; and in the year of no less
than 8,320,0001. sterling ! So much for the
speeches of a Finance -Minister ! If we pass
to the third point which appears to call for
notice—we mearr the comparison between reve-
nue and expenditure, the former of which is ob-
viously on the decline—let us ask, is our expen.'
diture also declining? or does the least symptom
shew itself of a disposition to contract our scale
of luxurious indulgence to the limit of our nar-
rowed fortunes ? Such a proof of wisdom and
integrity, we grieve to remark, is not exhibited
in a solitary Instance by the King's Govern-
ment. All our public departments, without
exception, are on the increase, whilst all
branches of Revenue are falling off; and
what is the consequence ? Look at the Consoli-
dated- Fund, the income and charge on which may
be described as containing the balance-sheet of
the national accounts. - It appears, if -'we can
understand the hieroglyphical characters in
which its secrets are communicated—it appears,
we repeat, to be progressively more adverse to the
country every day. The balance on the debit side
increases fearfully : the deficiency bills are grow-
ing into monsters, more • voracious in every suc-
cessive account. The sum advanced and payable
out of the growing produce was,
On the Ist of January, 1825, but - X 1,550,270
Ist January, 1026 5,548,1117
sth April, ditto, - 6,430,074
But we have already overstepped the hounds of
an article, and shall revert to • this branch of the
subject to-morrow.

[MORNING HERALD.]
It is common- enough at the present day to
contrast with each other the man of business and

the theorist. When. they are opposed, if corn
potent persons in their respective ways, the mat
ter, may be doubtful. But where they coincide
on n given subject, they can hardly be mistaken.
This coincidence is observable between Sir
Robert Pee-I, a Mall of business, of great expe-
rience, on a large scale—and one of the most
clear-sighted nod passionless of theorists—
Hume. The opinion of Sir 'Robert Peel on
the subject of the currency appeared in the
Herald the' other day, and must be recollected
by all who have per Used it. The main point is,
that he thinks gold is as uncertain and perious
a medium as paper—that from various causes
it may disappear—and that to have an adequate
medium for the actual demands of the trade of
the country there must be issues of paper by
parties whose credit and competency should be
made to rest upon their giving security for their
bills or notes in- circula Lion, in Inod, funds, canals,
or other available property. The following is
the opinion of Hume, in his " Essay on the
Balance of Trade :"—" It must be confess-
ed, that as all these questions of trade and
motley are extremely complicated, there are
certain lights in which this subject may be
placed, so ,as to represent the advantages
of paper credit and banks to be superior
to tlrrir" disktivantages." That they banish
specie and bullion out of a State is true—and
whoever looks no jnrther than this circumstance
does well to condemn them—hut specie and nut-
,* are not of so great consequence ns not to ad.
mit of a compensation ; and even an overbalance
Irvin the increase of industry and credit which
may he promoted by the right use of paper
money. It is well known of what advantage it
is to a merchant to be able to discount his bills
upon occasion ;, and every thing that facilitates
this species of traffic is favourable to the
general commerce of a state. But private bankers
are enabled to give such credit by the credit
they receive from the depositing of money in
their shops ; and the Batik of England, in like
manner, from the liberty it has of issuing its notes
in all payments. There was an invention of this,
kind, which was fallen upon some years ago by
the Bank of EdinbUrgh,and which, as it is one of
the most ingenious ideas that has been executed
in commerce has also been thought advantageous
to Scotland. It is.. there called a bank credit,
and is of this nature—a man goes to the bank
and finds surety to the amount, we shall sup-
poSe, of one thonsnnd pounds ; this money, or
any. part of it, he has the liberty of drawing out
when he pleases, and he pays only the ordinary
interest for it while it is in his hands.. lie may
•repay any sum so SOlllll as 301., and'the interest
is discounted from the very. day of repayment.
Tire atlyantages resulting from' this contrivance
are manifold. As a man may find surely to near
the without of his whole substance, and his
Mink credit is equivalent to ready money,
I;liireliallt does hereby in a manner COIN his
houses, his househOld furniture,' the goods in his
warehouse, the •foreign debts due to him, his ships
at see, and can, upon occasion, 'employ them in all
payments, as if they were the current money of the
country. The coincidence in the foregoing is
manifest. The man of business and the philo-
sopheragree that the currency should keep puce
'with the demands of trade, that paper circulation
;shine i4eflicieet for this purposet,and that papert.
credit is to be' secured, ,not by its being made
conyertible, at discretion into gold, but by its
'ping the bona fide representative of property, in
and, funds, goods,—or what flume calls the
substance of which a man is. possessed."

CHILIMEN.S CAULs.--lt is Surpri4llg What 1111.1•
perstitious ideas exist ()Vets in the minds of some
of the better classes of society, on the ridiculous
subject of Children's Canis, which cannot be
more strongly proved than by the extraordinary
high prices they sell at, and the almost daily ad•
sertisements of them in the public papers.. Ten,
fifteen, and twenty guineas a• piece are common
prices for such an article. The 'vulgar itnpres.
sion is, that the possessor of one of those cauls is
by -it protected above all accident " by flood
and field," but more particularly against the C;I•
sualty of drowning, which'makes it very popular'
mono the seafaring portion of the .community.
Petlitips it may not be a hint out of place to all
whom it' May concern, to inform them, that arti.
fielak cants,: which are sold as genuine natural
ones, are commonly made at the cost of sixpence
each, from some internal membrane of a cat or
dog, or other animal% useless except. fur this pur-
pose.