The Sun.
London, England, 1844-03-01 00:00:00

THE CURRENC .
( A lecture, illustrative of the national currency and its dal
1 fects, was delivered on Monday evening, .by 'Mr. Csl3l3', 0,
the Marylebone Institution. The audience was numer°_,
and the attention with which the remarks of the lecturer,Tn
received was such as to evince the high opinion enterterf;
of his ability and profound knowledge of the subject; t",.,
indeed, throughout the whole course of his observatln;
there was an evident aptitude to appreciate the principles to
had undertaken to develope, which gave excellent pow
his statements. • tiiesk
The supposition that the subject is of a dry and limn ...„,1
ing character, was, happily, disposed of, by showingils diZ ,t _
application to the concerns of every-day life. Mr. CaPP9,I7II::
took a view of the origin and nature of money as, e_ra:loof •
of interchange, and particularly that of this K1D6T,40,
showing the steps of its expansion by means of to)
and and tallies issued anciently by the Exchequer, and recn,.„a.
by the Government in the payment of taxes, until it asst iii. 'T
it present extent. Under this system, it was observe& be,
producer of commodities received a sufficient to{remuneratiell',,
,
cause the currency was kept at an amount equal to the vieir•o
taxation, and thus corn, and consequently every other rillat,
of merchantable property, obtained its fair price. A 51!..;.g.'
effect resulted from an approximation to this principle de..-0(
the late war, when by Mr. Pitt's restriction Act the pePrerto:
the Bank of was issued under the authority e.. the
State to an extent commensurate with the necessity ?,,,,. di
times ; and the industrial classes, by charging the ero
taxation to the consumers, were enabled to obtain an- 7,;
share of the necessaries and comforts of life. ' Jr.'
The lecturer went on to describe the consequences 0f
_,,4a)
parting from the plan which had been thus successfully tut,
upon, and proved to demonstration that, by the wietllit;
1819, the profits of our foreign trade gradually declin .e. i
length disappeared, and that ultimately a loss of thirCir,
millions annually was occasioned by the adoption of an,7o -,
standard. And he very forcibly proved the inexpecllew''-.0 ]
measuring the immense and vastly increasing aggrePit.., '
our highly taxed commodities by a precious metal ef__..A,A° • ,
production, which is not itself subject to taxation; aleP''
ewo4
effect of this, it was alleged, was to make gold the cli",4
article in the country, and so induce the foreign trITS ' :
2101,
take it in preference to our manufactures.
But a much more disastrous consequence of the re 4 ~
the Restriction Act was to transfer the burden of the 111#'
taxation to the extent of more than. thirty millinne,P 44-:`
from the shoulders of the consumers to those of
,preci._,,t-0
and thus to depress wages to such a degree as to itivof:ol
whole of the lower classes in their present state of I'.'.-00.
and distress. This was yery strikingly illustrated by:L.
chanical apparatus, which is well entitled to the AyPe_2'
of a currency clock. It Consisted of a dial, on wr#l9P-__,''
;
described in several circles the comparative proporties.'r
tween gold, corn, labour, taxation, and remunerativ.t., •
and having hands to indicate their various progress sue ,
bearings on each other. The confimation of this prureetAbt
with evident effect upon the auditory, and completely.;;Aoll
lished the validity of all that the lecturer had prev— , ,
advanced. . reel
We earnestly hope that his success the other evening jost
induce Mr. Capps to extend the sphere of his usefulnetossi
diffuse more largely the valuable information lie. Pcnigg,
for we are assured that, in .a right or a wrong apprehen;lti!
the principles of the currency, the happiness or the
myriads is involved.
~

NAVAL INTELLIGENCE.
PORTSMOUTH.—The new 90-gun ship Albion, Cps;'
Lockyer, C. 8., is ordered forthwith to proceed t° of
bon, to remain in the Tagus, for the proteci°li,„ of
British interests during the present disturbed sitar ',
that country.
The Vernon, 50, Captain Walpole, after toucl!Lngesti•
Gibraltar, from Malta, will come direct to SP__„l'lol
and not to Lisbon, as reported. She will be disw"- •
at Sheerness. 0
The America, 50, was 'commissioned etit SatllM to
Devonport, intended to bear the flag of tfie suefr, 4,111
Rear- Admiral Thomas, C. 8., in the Pacific. ti,_4l/r for
the Hon. John Gordon (brother to the Secrew.
Foreign Affairs) is to have the command of her. 'VI
Letters from the Vindictive, 50, Captain toll
Nicholas, of the 24th October, from Callao,_ 10_500
well, but expect to be detained in the Pacific °!,je,
time, owing to the proceedings of the French'sgpel
at the Society's Islands, whither the ship will.
expected to depart, being held in instant readino
service. Rear-Admiral Thomas, C. 8., was at Ar
The transport Prince George, in this banytki
under orders to proceed to Bermuda. with part
20th Regiment, now at Parkhurst Barrack-%;
Wight.
The transport Pestonjee Bomanjee,
agent, may be Shortly looked for from Barbado'
the remainder of the 59th Regiment. ;riiiblu
The Indus, 80, Captain Sir James Stirling, nfitir
72, Captain Sir George Sartorius, and stearner-0
vius, Commander Ommaney, are ordered home fr°,,
Mediterranean, to be paid off. 10°
A rumour is current that Vice-Admiral SirdOr
Austen, K.C.8., of this neighbourhood, is to sur7lo4lll
Charles Adam in the North American and Vire,s: is
command; and that the Hastings, 72, at this poi"
be the flag ship, to relieve the Illustrious, 72.
___-Ator,
The Scourge, first class steam-ship, is ordeT cof.,
forlhwith liiict down in this dock-yard, and -to `117007
pled.-`ttatoon as possible. The Daring, one Of ,
12 gun brigs, will be launched here in a few tiseistt'i
The Volage, 26, Captain Sir William Dioks°l4.sl,
fled ,
was at Cork on the 21st inst., and was about to_Aiig-t!
flag of Rear-Admiral Bowles, C. 8., Comma.:
Chief on the Irish station.
The corvette Lame, 20, Commander Brisbiter
returned to Devonport, to complete for foreign
It is reported the South American station---sor
Gazette.

CORN AVERAGES.
CO 4061
ff
GENERAL AVERAGE PRICES OF Baia—.o Rior
For the Weekended February 24.
the Inspectors In the dlftbrent Mae. inull4
1643. made uprinns in7Englar,
Wales. per Imperial Quarter.
Wheat......... 555. Id. Oats l9s. 7.1.1
8ar1ey..„..... 331. 7d. I Rye
AVERAGES OF THE LAST SiT WEEKS. /4
Weeks ending; WHEAT. LEARLEI OATS. RTE. ..<rj
•• • • A Or I
Jan. 20 5l 8 a; 7 18 9 31 7,'
r}./
27 52 3 33 6 19 9 32 4 00 .
Feb. 3 52 6 33 2 19 0 39 10 Fj. , ' prey
V
10 52 7 31 1 19 1 32 9ls
54 1
17 ... . . 53 6 33 4 19 6 31 5 fI
.59 I 33 7 19 7 32 10 "30
IMPERIAL AGGREGATE AVERAGES Of THE Olt 91114,.
Wheat......... 52s 11d. Oats 19s. 21.1 Beant.....rido„,
Ear1e,..„..... 333. 51.1 Rye ..... 321. 944 Peast......
DUTIES OX FOREIGN COAX* .11*-01'
Wheat 18s. NJ. 1 Oats ......... 7s. Od.f BeatIro••••..10V,.
Barley

MARKET NEWS:—(YESTERPIP
al
TIATICASCHETS.
SiurrimELD.—Coarse Meadow Hay, 2/ lOs t°2ll;o'
ful ditto, 31 3s to 3/ lOs ; fine Upland ditto, "to ll
3/ 15s; Clover Hay, 315 s to 51; Oat Straw, 1,163,4 rup
Wheat Straw, 11 8s to 11 lOs per load. A 50'. tot
and a heavy demand. 3/33; ;
CUMBERLAND.—Coarse Meadow Hay, 21125 to to„.ot
ditto, 31 5s to 31 13s; fine Upland ditto, 3I 'to
Clover Hay, 315 s to 4/17s • Oat Straw, 1/ 7s to 11,8, '-'
Sttaw; 118 s toll 12s per load. Both Hay and Ptt 31;
slow inquiry, at the above quotations. „ to so
WHITECHAPEL.—Coarse Meadow Hay, 2/ lose rpm;
' useful ditto,' 31 5s to 3/ lOs • fine Upland ditto' t'lo`lllo',l
3116 s ; Clover Hay, 315 s to 5158; Oat Straw, Ilts
Wheat Straw, 1/ lOs to 11 12s per load. SLIPP.I
trade very dull. ' - - du;
brEAT "MATIUTS. "ac„b
SouTHALL, 28. Although the supply -throue 40;
fat stock wots on the, whole,good, the demand eral. scl t"oti,
steady on the following terms :—Beef, *on' sndreoth
Mutton, 2s 6d to 4s 6d; Veal, 3s Bd. to 48 P
2s 8d to 3s 104 per Blbs, to sink the offal. SuPP itoc!
40; Sheep, 1,100.; Calves, 50; Pigs, 42. , tor fP,„411
ROMFORD, FEB. 28.—We had a steady sale 6d
to-day at rather improved rates.—Beef, from
.0a kolsr
Mutton, 2s 8d to 48 8d ; Veal, 3s 8d to 4s B‘l4 230; (1,
2s 8d to 3s 104 per Sibs. Suckling Calves, 18s with
tar-old Store Pigs, 16s to 20e; and Milch Coos
.40
small Cal 161 to 18/ lOs each. boo to
LEWES, FEB. 27.—There was only P,
fr.o
A
rode r )30
doing here to-day; yet prices were supported toi, stl;
2s 10d to 4s; Mutton, 2s 8d to 4s 8d; "Veal, "
Pork, 2s Gd to 3s 6dper 81bs.

THE WEATHER.—DETENTION OF T 8 >a
On Tuesday evening the sky, which had prey? the 'OO
clear and frosty, suddenly became overcast, !;11"irbee,
changed from nearly due north to about lir.S." 1,0 14'
air became much milder, the thermometer, Aclvri'ot•
o'clock stood at 31 degrees, having at ten o'cleeThag rop°
to 39, being a difference of 8, or _7 above the fteieCthe of;
The frost, in consequence, rapidly gave way, annf tto
of skaters and curlers in the neighbourhon" of DV"
tropolis are again disappointed. During the
bieo 00,
the greater part of yesterday morning, it eile
from about W., with heavy squalls.
aerated considerably about nine o'clock, eit,r ;10,1
weather was unusually mild, with brilliell'„oos iry
sunshine, until about three o'clock in the at."'" d
the
the atmosphere suddenly became darkened, ein,
A slight rain shower, but in a short " time the 00",
peeped out, and continued to give its rays until 5 oriOt or
noon the thermometer at the entrance of. the,. ieoi?
ent's office in the London Docks stood 'at 44 deg 38,'5,7
shade. Last evening, at six o'clock, it had tu
tthoel;,,ou fees
a cloudy atmosphere and a strong breeze from euotiog,"
The fears entertained for the safety of several c',jet, 10.
eels, known to have been at sea during the late: cbs..,l#
unfortunately been realised in numerous installi'verA'
number of vessels have been wrecked, and in ee.,,,,e5i-or
the crews were drowned. As the weather is still tiro
several steam-packets from the Continent, ho..e net3rtrsol
wise, are overdue. Nearly all the snails froln:fr 00;
arriving at the General Post-office, St. Iklar„L'll butfrol;
considerably beyond their fixed time. In °' "O,
the north of Scotland, there have been hen 7„- The
and many of the roads are completely blocke oh lye-,
from. Edinburgh- Stirling, Glasgow, Perth, Inv,
_the PA
deen, Montrose, Arbroath, Forfar, Dundee, min
due at the General Post-office 3resterday
after°
ils "0
arrived last evening. The Wick and T tiro
than forty-eight hours overdue. Several °f t"e f
',di 0
are also long overdue. There was a he* ,sus.
evening shortly after seven o'clock--Eveninli

914
BIRTHS. / g.pew
Feb. 26, at Hampstead, the lady of iSydof
of a son.
Feb. 27, at Peckham, the lady of tor. Hsi