The Sun.
London, England, 1826-02-24 00:00:00

rTin: TIMES.]

Our Journal, in its differenl columns, will de-
scribe the City Meeting of yesterday at the
Mansion-house; copy the Resolutions ; conduct
the Deputation to the presence of the First Lord
of the Treasury ; detail the arguments by which
the Members of it pressed the claim for a relief
through the issue of Exchequer Bills ; record
the refusal of the First Lord of the Treasury to
grant relief in the way proposed," fobbing off"
the Deputation to the Bank, after the manner
we hinted yesterday would be the case, as
Hostess Quickly was fobbed off for the dis-
charge of the bill, from Falstaff to Bardalph ;
and, finally, re-conduct the Deputation to
the City after 'Change had broken up, and
the Members were dispersed, which, by the
way, shows no great interest in the proceedings
or success, of the Deputation. The meeting, in-
deed, was very thinly attended, from an obvious
cause, though some of those who spoke were
anxious to show that it was not on their own
account that they sought relief,—they were above
human contingencies,—but merely out of com-
passion to their more needy and, oppressed fellow-
citizens. A little spirit in the latter may, per-
haps, prompt them to assume as high a tone as
their deputed orators, and then all will be
well. Lord Liverpool acted properly in refusing
to accede to the prayer of the Deputation. We
feel for mercantile difficulties as much as any.;
but we are convinced that the measures proposed
for their relief are preposterous; and that the
merchants, and particularly those who pretend to
be independent in their circumstances, should
adopt a different language to Ministers. The U.
and 21, country notes are, it is professed, to be
called hi, and in fact a much straiter circulation
to be allowed ; yet out of this narrow circulation,
Ministers are preparing to take just as much as
last year, for the expences of Government ; and
what can be the consequence, but that the residue
will be so insufficient for the wants of the people,
that if a base paper of some kind or other be not
issued, the utmost distress must be felt.

[NEW TIMES.)
In the House of Commons, last night, Mr.
Ellice rose to move, that the several petitions,ou
the Silk Trade be referred to a Committee. The
Hon. Gentleman spoke at great length. The
principle object of the motion was, to procure
delay, which he advocated by a great va.
riety of arguments. Mr. John Williams said,
he was ineloced to second Mr. Ellice's mo-
tion by the danger to the peace of the country
from the numerous hands of unemployed workmen
scattered all over the kingdom. lie characterised
Mr. Huskisson as a theorist ; and said, he was
cold to the distresses existing around. him. Mr.
Huskisson replied with much warmth—that he
scorned the accusation. The Right Hon. Gentle.
man then proceeded,in along and eloquent speech,
to prove the utter fallacy and unreasonableness of
the objections to tlie measures of Ministers—who,
in pursuing the path to which every principle of
sound policy pointed, had only followed the unani.
mously expressed opinion of those very merchants
who now turned round to blame them. The
speech, which took up nearly three hours in
delivering, contains a masterly expos 6 of the
commercial policy of Ministers. No summary
could do justice to it, and therefore to the speech
itself, Which will be read and quoted, we doubt
not, long after the speaker has ceased to con.
Vince, and his hearers to be edified, we roost
earnestly direct the attention of our readers—
The further Debate was adjourned until this
evening.

[visa REPRESLNTATIYEI
In the House of Commons, last night, two sub.
jects were touched upon of very great importance
to a numerous portion of the community—the re-
lief of the distress which presses so heavily on the
commercial Classes, and the effects which are ex-
pected to arise from the anticipated alterations in
the silk trade. Ministers having declined to con'•
ply with the urgent and respectful solicitations of
the merchants, Mr. Thomas Wilson gave notice
of his intention to move for a Committee
on Tuesday next, to take into consideration the
distreis of the mercantile classes ; on which some
animated discussion took place. Mr. Canning con.
tended that the Bank of England already posses.
ed, under the terms of its present charter, the
power to lend money on the security of goods ;
and that it was therefore superfluous for Govern-
ment to interfere in the manner suggested. To
this it was replied, that although the Bank had
the Power of lending, it was a power which
could, not be exercised without injury
to the pro.
twitters,
as that establishment was not invested
with the means of recalling, without unreasonable
delay and expence, loans which should thus have
been advanced. Another objection, and, in our
opinion, a very serious one, was edvanced against

loans obtained from the Bank. The object of
loans was to uphold the credit of individuals, and
by this means re-unite the severed links of public
confidence; and it was asserted, that an appli-
cation to the Bank would inevitably transpire,
and would thus rather injure than benefit the
' party seeking aid from this quarter. Indeed, it
is, we presume, within the knowledge of most of
our readers, that the aid which was in this manner
afforded by the Bank to the firm of Sir Peter
Pole, caused the ruin of that house : this fact hav-
ing transpired through some unauthorized channel,
of course was instantly laid hold of by a Morn-
ing Paper, blazoned throughout the town, and
brought instant ruin upon the establishment. It
was maintained that loans of exchequer bills
through medium of Commissioners, might be ad-
vanced with perfect secrecy, and that the great
1 detriment inevitably arising from giving publicity
Ito London transaction, would be thus avoided.
It is, therefore, quite evident that to. be perfectly
secure, such assistance must be secret.