The Sun.
London, England, 1826-10-21 00:00:00

585,7401. if this is not a part of the debt, neither
is the long annuity stock, which expires about the
same time, which we apprehend no man can assert.
To make this still more clear, we proceed then to
explain the nature of the scheme, putting out of the
question its object, or the way in which the money
raised was originally proposed to be appropriated.
By the Acts 3 Geo. IV. chap. 51, and 4 Geo. IV.
chap. 22, the sum of 2,800,0001. of annuity for forty-
five years, is assigned to certain great Officers of State
as trustees, for paying into the Treasury specific sums
at fixed periods. To raise these sums in each ytar,
they were empowered to sell all or part of this annuity,
but being unable to find a purchaser for the whole,
they disposed of to the Bank of England 585,740/. of
this annuity, in consideration of the Bank paying to
them in each year up to the 15th of July, 1828, such a
sum as with the remainder of the annuity,- viz.-
2,214,260/. per annum, made up the precise sum
which the Trustees were to pay into the -Exchequer.
This is distinctly shown by the following table :

Sum to be received Remainder of
Sum to be paid in each year, end. the Annuity of Total of two
in each year, ing 15th July, from £2,800,600 re. last Columns,
ending the 15th the Bank of Eng. ceivedbyTrus. being the pre.
Years. July, by True- land, in considera= tees, after de. vise sum to be
tees, to the Ex. tion of an Annuity ducting annul- paid by True-
chequer, by Act of £585,740 from ty of £1015,740, tees into the
of 4th Geo. IV. 15th April,lB23, to sold to the Exchequer.
Chap. 22. 15th April, 1867. Bank.
' L. s. d. Z. s. d. £. s. d. £. a. d.
11129 2,450,000 0 0 2,110,719 0 0
1924 4,700,000 0 0 1,485.740 0 0 2,114,260 0 4,700,000 0 0
1825 4,535,370 0 0 2,321,110 0 0 2,214,260 0 0 4,535,370 0 0
1E426 4,380,000 0 0 2,165,740 0 0 2,214,260 0 0 4,180,000 0 0
1827 4,245,000 0 0 2,030,740 0 0 2,214,260 0 0 4,145,000 0 0
1828 14,189,630 0 0 1,975,370 (1 0 2,214;260 0 0 4,189,630 0 0
134)99,419 0 0

•
Thus, we think, we have made our statement per-
fectly manifest, that on the 15th July, 1828, the Trus-
tees, or in other words, the Exchequer, will have re-
ceived from the Bank of England, the sum total of
513,089,419, for which they have paid from 15th April,
1823, and will have to pay till 15th April, 1867, an
annuity of 585,7401.; and, that if the scheme ends, as
there is every'reason to hope, it will end at that time,
the public Debt of the Country will have been added
to by it ,neither more nor less than the before-mentioned
sum of 585,7401. of annuity, expirable in the year
1867. If on the other hand, the scheme is to be con-

tinued, the nation will, for the remainder of the an-
nuity, when it shall be sold, receive its value, according
to the then relative price of other public Securities. ,
The reasons for abandoning this scheme, appear,
however, to be so universally admitted, that we hesi-
tate not to declare our belief, that it will be got rid of,
with the termination of the existing bargain, except
as far as the payment of the annuity of 585,7401.,
which will remain as a monument till 1867, of one of
the worst financial expedients which was ever devised.

The imaginative system of Drs. GALL and
SPURZHEIM was never more learnedly perverted in these
wrongheaded times than its redoubtable rival the theory
of political economy—in which some men have lately
become so expert that they burn to enlighten the world,
and particularly the unbelievers in the innocence of the
Corn Laws, with the superabundance of theirknowledge
upon a subject so profound and interesting. Among
these worthies, we may class the writer of an article in
the Herald of this morning, upon the Corn Laws,
which will be found in our last page. The writer very
gravely says that " the Corn Law question is a great
humbug ;",and nobody who reads his article will doubt
the truth of the observation, for he has cooked up a
pretty kettle of fish out of the Corn Laws. He says that
importation is a " humbug," except it be subject at all
times to a fair tax, about 12s. per quarter, which would
bring the price up to about 605., and farmers could
grow wheat at that price : and again, he says, that if
there were no tax at all on importation, it would be
the same thing to the country in the long run, so far
as land was concerned, because we cannot import any
description of land produce, without exporting an
equal quantity of land produce in payment. Here is
a precious jumble of words. We cannot pay for corn
but by the produce of the land ! Cannot we pay for
it by the produce of our manufactures and commerce ?
If one country is chiefly agricultural, and has a sur-
plus to dispose of, but wants commercial articles—will
she not rather go for them. to a commercial than an
agricultural nation ? Surely she does not want to
be carrying coals to Newcastle, as this economist
would infer, by saying that the produce of land
must be paid for by the produce of land. If he want-
ed fish in exchange for his gain, would he expect it
from the produce of the land or sea ? But the writer
is evidently at sea with his subject; but cannot call up
one spirit from the vasty deep of his Corn Laws. "If
we get 100 millions of wheat from foreigners, it
must be repaid by an equivalent in money or some-
thing else. Why, to be sure it must—we cannot
expect that foreigners would give us the produce of
their land for nothing. But what has this to do with
the Corn question ? We would not take more corn
from foreigners than we had occasion for, and if
we can not grow enough for home consump-
tion, is, it not proper that we should have free ac-
cess to those who could supply our wants with-
out the tax of the corn-grower at home, who, like
the dog in the manger, can not supply us himself,
and would not let others do it ? But this precious
i
advocate of " the Corn question says, that n conse-
quence of our importation of wheat, " the land, thrown
out of cultivation, so far as wheat was concerned,
would inevitably come back, in the long run, to a state
of cultivation, or produce of some other sort. As a
principle, therefore, it matters not to the landed inte-
rest, in the long run, whether wheat be imported tax.
free or not."
Now, here is a flat contradiction to the first part of
the assertion, that " the Corn Law question is a hum-
bug question without a tax ;" and now it does not
matter to the grower whether it is tax free or not !
" Even out of thine own mouth
The write
sewed it to thecondemn thee.
Irish-
man who cut Ode off the tail of his blanket and
writer somewhat in the predicament of the
can the writeradding to
laboured pretty successfullyHetop,vault in burying, „
of the " h b rgs from which all
the landed interestwill •
never be au e to raise it.
the Corn es.

The money for the
Payment of the Colombian
Dividends is always said to he coming. Our City
Correspondent informs us that he has seen a letter from
Bogota, dated the 19th of July,
which says—one
million of dollars are soon to be put at the disposal Of

our Agent at London, for the payment of the interest
of the Loan. The Government of Colombia will soon
. ,
prove that they have the means to pay tne interest on

the Loan contracted in London;. and though the
money has not been sent as yet so regular as could be
wished, it will, nevertheless, be forwarded without delay.
He also informs us, that advices have been received
in the city from Jamaica, mentioning that Vice Ad=
miral Sir L. W. HALSTED, in consequence of the
term of his command having expired, is to return to
England in the /sis, and that• it is expected, that that
ship will bring home a quantity of dollars, as 82,000
were at Jamaica on account of the Colombian Go-
vernment. If the unfortunate Bondholders are to
wait the arrival of the /sis, their patience will be put to
a further trial, as the ship which is to relieve her is
only fitting out at Deptford, and not likely to be ready
for some weeks.

To show our readers the expeditious way in
which we do business, we need only mention
that a robbery was committed at our Office last
night ; the thieves caught this morning ;' our evidence
proved the fact at Bow-street ; the culprits committed
for trial this afternoon, and-we have now the pleasure
to announce the fact.

Our Dover Correspondent informs us, that the
Britannia steam-packet is engaged to bring the Bight
Hon. GEORGE CANNING and his 1111114 from Bou-

logne on Tuesday next.

THE FUNDS.

CITY, Twelve e Clock.

The English Funds keep their advance of yesterday, and Con.
sob' opened at 814 it, and are now 814, with the market firm ;
India Bonds also seem on the advance, and are 35 7 pm. In the.
Foreign Funds Colombian Bonds are a shade higher than they
opened, and are 39 4; Mexican, 643 5. The Mining Shares
are all higher, Real del Monte have been done at 100 pin., and
for the end of the year 150 ; Bolanoe, 70 pin. ; in Anglo Mexi-
can the discount has fell to 474 5 ; Spanish is better, being 11 4.
Three per Cent. Consols, 818 I ; Ditto for Account, 28th
Nov., 814; India 4 per Cent. Bonds, 85 7 pin ; Exchequer
Bills, 21 2 pm.
FoazmN FUNDS.—Brazilista, 644 5; Buenos Ayres, 62 4;
Chilly', 39 40 ; Danish, 584 4 ; Colombian, 1822, 36 7 ; Ditto,
1824., 39 ; Mexican 5 per Cent., 54 5 ;- Ditto 6 per Cent., 644
5 ; Peruvian, 30 2; Greek, 14 ; Russian, 84 4 • Spanish, 11 4.
Bliwas.—Anglo Mexican, 474 5 dis. ; United Mexican, 13
12 die. ; Pasco Peruvian, 144 134 die. ; Brazilian, 13 14 pin. ;
Thdpuxahua, 40 50 pin. ; Real del Monte, 100 pm. ; Bolanos,
50 75 ; Bolivar, 2 4 pm. ; Colombian, 64 '74 per Share.
SHARES.—British Iron Company, 28 74 dia. ; Welch Coal
and Iron, 19 17 dis.

Two o Clock.
Consols are 81/ buyers, for Account, and 81i for Money.
Considerable transactions have taken place in the latter. Four
per Cents. 971; Bank Stock, 202, 3 ; India Ditto, 243, 5 ;
Exchequer Bills, 22) 23, pm. ; India Bonds remain the same ;
Colombian Bends have evinced considerable fire►ness, and are 39/, ;
Mexican, 64/, 5 ; Greek, 191, 14 ; and Spanish 11,
In shares there appears a decided improvement ; Anglo Mexican,
421 40 dis. ; United Mexican, 12 11 ditto; Del Monte keep up
the premium; Colombian 7,8, per share; and Brasil Miner 14
lb pin.

THREE O'CLOCK
Consols for Account, 814 Mexican Bonds have
suddenly fallen to 631 4.
FOUR o'CLOCK—CLOSING PRICES.
Consols 84 Danish Bonds
Do. for Ac. 81i Greek Do. 1825 14
Brazilian Bonds Mexican Do. 1825, 63i
Buenos Ayres Do. Peruvian Do. 31
Chilian Do. • Russian Do. 81
Columbian, 1824, 39f Spanish Do. 11

LAW INTELLIGENCE.

COURT OF KING'S BENCH—GUILDHALL—.(Tuis DAYI

WEBBER V. VENN.
Mr. POLLOCK opened the pleadings. They stated that
the defendant had been the clerk of the plaintiff; that ha
had agreed to obey all orders; that he had been directed
by the plaintiff to accept bills on behalf of the plaintiff, but
not to more than 20001.; that he had however accepted them
to more than 24,0001 - that he was also indebted to
to Austin, Gregory, and Co., but not to an unreasonable
amount; he had accepted for 'them to the amount of 49,0004
by which the plaintiff had lost considerable sums of money,
and the present action 'was brought for the damages.
Mr. SCARLETT stated the case. The plaintiff had car-
ried on the business of a haberdasher in Bread-street,
Cheapside, for the last fifty-seven years ; in the course
of which he had got a very extensive and respectable con-
nection. Having gradually retired from the bustle of
business, he principally resided in the country, only visit-
ing town occasionally. Having found defendant very active in
business, he had intrusted him with the power stated in
the pleadings. He had taken upon himself the character
of a banker in the same; that is, he allowed persons, par-
ticularly in the country, to draw bills upon him which he
accepted, being at some time or other supplied with re-
mittances to meet those bills. Austin, Gregory, and Co.
was one of the houses thus authorised to draw upon him,
but Venn never was authorised to accept for them on
behalf of the plaintiff to an amount exceeding 2,5001.
at a time. He had, however, done so to an nnmense
amount, unknown to the plaintiff, until the bankers
of plaintiff, surprised at seeing the plaintiff's name on so
many bills, sent for the plaintiff, to know from him per-
sonally whether he was or was not aware of the extent of
his acceptances. The plaintiff She astonished at the com-
munication made to him by his bankers on this occasion.
Austin and Co. soon afterwards stopped payment, leaving
the plaintiff a considerable creditor; all the dividends pro-
duced by the estate of the bankrupts had been paid, and
yet the plaintiff was a loser to an amount of more than
15,000/. The defendant was now in business for himself,
and the action was brought for the purpose of recovering
the 15,0001. against him, the loss having been occasioned
by, as was alleged, his breach of contract. There was
great reason to suppose that if he could not now pay the
15,000!. he would hereafter be able to make it good.
There were some other little matters that the plaintiff
might have thrown into his claim against the defendant, if
he had chosen, but he was pleased Rot to press those.
The LORD CHIEF JUSTICE wished to know whether
this could not be settled out of Court's
Mr. GURNEY appeared for the defendant, whose great
business, in which he WO for himself, only consisted in
keeping a little chandler's shop.
A consultation took place between the learned gentle-
man at the Bar, and then,
Mr. Seam. Err stated, that as the defendant had been an
old servant of the plaintiff's, he nlo‘ diti
, ,t , wish to press hea-
vily on him, and therefore be would propose, that a verdict
for 15,0001. should be taken for the Plaintiff, giving the
defendant two years to paY it in, and undertaking not to
issue execution, on that verdict, unless the Master of the
Court of King's Bench eheald find 9)011` an inquiry,
which he should be at liberty to • 'the institute, that t
defendant had concealed property'.
The defendant's Counsel agreed to
this, and the verdict
was recorded.

his Lottustur thought the plaintiff rola conducted him-
self with great jerky towards the defendant. This was
one of those eases that astonished people, that experience
did not teach mankind, that whenever one man began
to accept bills for the accommodation of another, the
practice would never cease until one or both parties were
totally ruined,

WESTMINSTER SESSIONS.-(THIS DAY•)

IRELAND V. SWEENEY.

This was an appeal from an order of affiliation made sometime
since before Sir Richard Birnie and Mr. Halls, at the instance of
Wizabeth Ireland on Major Sweeney. She now appeared in a pro-
fusion of fur, red hair, and native assurance, while the non-paternal
Major was ruminating with a lengthened visage on the fortune of war.
"My soul's in arms, and eager for the fray," was written on the
index ofeach, but to the great disappointment of both parties and
a crowded Court, an informality was discerned iu the notice of
appeal, which tendered it invalid ; and Mr. Alley contended,
that by the 49th Geo. 111. no decision of the Court could be bind-
ing anteing that notice was valid, and served at the specified time.
Mr. ADOLPHUS, for the appellant-1 ant sorry the case cannot
be entered into, as it is one of the most infamous that ever came
before a Court. _

Mr. ALUM—Now really this is not to be endured. The order
was made by two most respectable Magistrates.
Mr. ADOLPHUS—Yes, upon exports evidence. Here an un-
fortunate gentleman is hampered with a child, in whose creation,
he says, he had no more to do than a stranger, and I trust the
court will interfere so far as to reduce the weekly allowance.—
The appellant is one of those meritorious men, who, after the
service of their best years in the defence af their country are pro.
vided with no very liberal compensation under the name of half-
pay, and in addition to the expence of a large family, out of 10.,
per day, he has had this child fixed on him at 6e. per week,
which I hope the court will reduce to 4s.
Mr. ALLEY.—I am willing to consent to its reduction to five
shillings, on an understanding that no farther proceedings be
instituted.

The sum was ultimately fixed at 41. 6d.. a week, Mr. Adolphe'
remarking that they had had a true Betty Ireland to-day,
Thomas Fleming, was indicted for an indecent assault on
Bridget Anne Colloughley. The prosecutrix stated, that
he was her cousin by marriage, and had frequently visited
her husband. On the day in question he had done so,
and went out with him. After watching hint to the
shop where he worked, the prisoner returned, and after asking
her to fetch some gin, remarked that her husband would not be
home that day, and began to ill use her. She resisted ; but he
forced her from the chair on to the floor, and held her down so
forcibly, that she was nearly overcome. She bit his cheek, and
tore his • hair, and by that means got away from him;
during the struggle, however, he took liberties with her. Ile tore
her gown nearly from her person, and bruised her arm and neck ;
she told him ehe would tell her husband when he came home,
which she did directly she saw him ; she cried out, but there was
nobody on that floor to hear her.
A female witness proved the state of alarm in which she found
her lying on the bed, half an hour (by her account) after the oc-
currence.
The prisoner stated in defence, that he bad known the prose-
cutrix, and had seduced her in Ireland, and had been invited to
visit her ; he then indulged in malicious reflections on her charac-
ter, not one word of which was 16 the purpose.—One year's im-
prisonment.
William Davies, a military-looking man with a wooden leg,
was placed at the bar on three separate indictments for obtaining
money under false pretences. The first prosecutrix was Mrs.
Frances Smith, widow, who deposed that he came into
her shop, and taking her hand, said, that she little knew
how nearly she was related to him ; he was in fact her
husband's brother, expressed great joy at seeing her well,
told her he had 20s. a-day pension, and would be a great
friend to her and her family. Ile told her that he had called
to know how they were situated, and took down a portrait of her
husband, and asked her if she did not see a likeness in it to him.
This he told her with such apparent candour, that she verily
believed he was her husband's brother. In describing his own fa-
mily, he said that his wife was very ill, and that he wanted a few
shillings to get some medicine; he would repay it when his agent
returned to town, and would then provide for herself and family.
She had never seen her husband's brother, and had been told that
he had left the country 22 years ago. She lent him a sovereign,
and informed her brother of what had happened. The latter sus-
pected and apprehended him.
The brother deposed that the last witness had informed him
of the fact, and hearing the report that a wooden leg was in the
neighbourhood •he gave chase and took him. • '
The prisoner read a very eloquent address, in which he did not
attempt to justify, but to excuse, on the score of extreme poverty,
his conduct to the widow.

Mr. MARATAT, the Chairman, commented severely on the en-
ormity of robbing the widow and the fatherless. He was found
" guilty" on this indictment, and pleaded guilty to the other two.
Seven years transportation.