The Sun.
London, England, 1826-03-02 00:00:00

rBRITISH PRESBd

It is *with deep regret that we advert to the ex-
tracts from private letters received from Mac-
clesfield yesterday, which will be found in ano-
ther column. It oppears that the tranquillity of
that part of the country is seriously interrupted.
We sincerely sympathize with the numerous ma-
nufacturers who have been, in consequence of

••••••••,....•
the recent stagnation of trade, thrtivin out of
work ; but at the same time they must be re-
minded that the course the Cheshire weavers are
pursuing can only aggravate their distress. A wan-
ton destruction ofproperty deprives the benevolent
of the means and the inclination of assisting their

indigent neighbours ; and we can assure them
that the menaces of a mob, under any circum-
stances, cannot lead to concession or an amelio.
ration of the condition of those who are now un:
fortunately so severely suffering. A call for a
charitable purpose is never made in vain to the
affluent in this country, and the conduct 'of the
Macclesfield operatives will alone check. active
benevolence in their behalf. It is not more

the ,duty than it is the Anxious wish of
his Alajesty's Ministers to alleviate the present
distress. From the first moment that it commenc-
ed they have been constantly engaged in acquir-
ing informatimi connected with the embarrass-
ments of thr country ; and the promptitude with
which they have brought measures before Par-
liament upon this important subject, is the best
guarantee that every class of the commercial
community can have of the future efforts of
Ministers, as f►►r as they can apply, being direct.
ed towards an alleviation of its difficulties.

[TUE REPRESENTATIVE.]
An arrangement, satisfactory, we trust, to all
parties, having_ by this time been entered into, for
relieving the most pressing difficulties of the.corn-
mercial world, we hope to see a speedy revival
of that confidence which is alone wanting, in or-
der to' restore Mercantile transactions to their
ukial activity. It is acknowledged on all hands,
that the distress ‘vhich now pervades the coun-

ry does not arise from a deficiency of property,
_tor yet of the representative of property—
money. MI that is wanted, is the removal of
tho panic which has laid hold of the public
mind : it is this alone that will encourage the
man who has money locked up in his strong box to
advance it in the ordinary way on the bills and
acceptances of his neighbour who has. goods.
There never was probably a time when bankers
had more money lying idle in their hands : the
late run upon bankers has made them timid and
sparing in their discounts ; they are afraid that
the money lodged In their hands may be suddenly
called for ; they dare not therefore employ these
deposits in the customary accommodations of com-
merce. Private individuals also, who, during
the late panic, withdrew their balaucen from their
bankers' hands, have not yet restored them : and
although these, balances may, in each individual
instance, be considered inconsiderable, yet, in
the' aggregate, they must form a. very large
amount; they are, In fact, the small rills which
form a considerable portion of the stream which
supplies the necessities of commerce. We feel no
sort of doubt that the step which Government has'
decided upon will revive the confidence of all
these parties:indi;Vidua Is will replace their balances
in the hands of their, bankers; and the bankers,
feeling that they run no risk of being called upon
to return the deposits of their customers, will be
emboldened to employ these balances in extend.
jug to the merchants and manufacturers of this
country the accommodations which they have
been accustoned to grant them. The taunts and
sarcasm-8 thrown out against the Ministry, after
the Chancellor of the Exchequer had announced
their determination, were illiberal and uncalled
for. There is not the man breathing who can
lay his hand upon his heart and say, that he be-
lieves that they did not both individually and
collectively feel the most anxious desire to
adopt every practicable iheani of alleviating
mercantile distress ; and we are not sure that
they have done any harm by withholding relief
until the last hour. The sufferings which
have recently pressed upon the mercantile classes
Kill render them less rash and adventurous
in their future. speculations. This delay has
also convinced the public of the urgency of the
case ; and it serves to justify the Ministers for
deviating in some degree from those sound prin.
ciPles to which, under ordinary circumstances, it
is their duty to adhere.
s.

EMOIINING CHRONICLE.]

1 Our readers will sPe from the discussion on
presenting the petition from the City of London,
on the subject of Negro Slavery, that it was
stated by Mr. Canning, that be had reason to
hope the Island of Monica, which has hitherto
been the nrst refractory, might yet be induced
to comply with the wishes of the 13ritish Legis..
lature. He claimed an extension of the time of
trial, in order that decided measures to compel
obedience might only be adopted in case of ex.
tremity.

,Among other reports culculated to keep down
the prices of Public Securities yesterday, was one
respecting the intention of Miniseers to
.fund Ex.
chequer fills to 'a large amo►►nt—a course which
is regarded as more► than probable. Viewing the
state of public feeling, however, it did not seem
to us that any advance had been made towards re.
storing confidence ; the most gloomy anticipations
are still entertained, and those who were former-
ly regarded as highly respectable, continue to be ,
regarded with suspicion. Persons connected with
the Manufacturing Districts speak in the most
undisguised terms of the increasing miseries aris-
ing from the stoppage of trade, and look with'
dismay towards the* effects which m'hy be pro-
duced on the minds of the► starving workmen.--
Letters from Macclesfield give alarming accounts
of the riotous disposition of the people in that
town ; and the march of troops to Norwich and
Manchester proves that Ministers are ,not less
alive to the impending evils.—(lbid.)