The Sun.
London, England, 1826-03-09 00:00:00

rTHE TIMES.

We hinted a suspicion yesterday, that the rise
in the money-market might not be progressive or
permanent ; and our report published this day
confirms our apprehension. The price of, stock,
which had before risen, fell about one per cent.;
and tidings arrived from the country of the failure
of another country bank of considerable impor-
tance. We use the word " failure," because it
very briefly describes what till now was gene-
rally considered as a very intelligible fact. At
present, however, matters are so mystified, that
the inability of a house to pay the demands
upon it is to be understood as implying that
there are funds behind, which will not only
satisfy all the creditors,but enable all the partners
to live in affluence for the rest of all their lives.
We do not " give in" to these assertions of Gol-
conda mines in reserve: indeed, we have known
cases—and we mean to confine this remark
in London chiefly--but we have known cases
wherein balance-sheets have been produced,
evincing abundant assests, where the creditors
will not receive half-a-crown in the pound.
These balance-sheets have become very fright-
ful grievances, and reflect much more upon the
integrity of those who put' them forth, than
the plain bona fide bankruptcy. Indeed, we
have hardly known an instance of absolute
failure in which a balance-sheet has not been jun.
mediately produced, showing the surplus assets,
the wealth of those who have stopped payment.
We would advise creditors to look to these docu-
ments with distrust ; and the circumstance of
their obtaining no credit will put ,an end to
the fabrication of them, and prevent all the moral
guilt of needless falsehood. The fall in the price
of teas at the India House ought to diminish the
price also to the consumer. Tea is an important
article of domestic consumption hi the poorest fa-
unifies ; and however we may regret that, yet it
is also matter of congratulation that the price of
tea ought to decline—and, if the venders of it
have not more callous consciences than the ven-
ders of gin, will decline--just after the noxious
spirit has sunk in value also ; so that tea may be
enabled to enter into, a fair competition with gin,
both at reduced prices. A great clamour is raised
against extending the Act for the suppression
of country small notes to Scotland ; as if it
were possible to limit the operation of the
proposed Act to the counties of England. It
would be less absurd to impose it on the bankers
of Yorkshire, and to leave those of Westmore-
land free'to issue their 11. and W. paper. But
every one knows now what the Scotch Banks are
as to stability and security. The discussions in
the Douse of Commons last night, though of no
protracted kind, are interesting. Various Mem.
hers, on the introduction of Mr. Illuskisson's new
law of merchant and factor, took occasion to
speak of the improving state or the commercial
world, from the assistance granted by the Bank.
We merely state their sentiments the time of
borrowing money is always a halcyon time ; it
diffuses an unsound but flattering abundance.,-
The season of repayment is that of difficulty.

[MORNING CHRONICLE.]
The Earl of Limerick assured their Lordships,
last night, " thut whenever the question of the
Corn Laws was agitated, their table would groan
tinder petitions against alterations, from Ireland."
There are few points, respecting which we should
feel less hesitation in taking his Lordship's as-
SUratICO than that of the power of the Irish land-
lords over their numerous and flourishing re.
nantry. As —there are at least fifty times ns
many tenants in Ireland as in England, nearly
all freeholders into the bargain ; and as all
these worthies are ready at the word of
command, either to vote for Members of Par-
liament, or to petition Parliament, till the
table groan again, the Irish Petitions are sure to
weigh with their Lordships. Mr. NVakefield
assures us, that it was no unusual thing to see a
regiment of Freeholders driven up to the Poll,
who did not even know the names of the Candi-
dates for whom'they were to vote. It is as easy
to petition as to vote.

Last night some grievous defects in our law,
which ought to have been remedied long ago,
were brought under the consideration of the
House of Commons. We rejoice to see that the
subject has been taken up by Mr. Iluskisson; for
without the Government lend itself to measures
of reform, it is with the utmost difficulty they
can be carried. The Law of Partnership, the
Law Of Landlord and Tenant, call loudly for al.
teration ; and we trust that they will be taken
up without loss of time. The Law of Mer.
chant and Factor, as altered by the Bill of last
Session, is to take effect immediately, instead of
the Ist of October next,in order to facilitate the
arrangements between the Bank of England and
the pledgers of goods.—ft is gratifying to hear
Ministers state, that the Deputations from Man.
chaster, Glasgow, and Leeds, were satisfied with
the relief grunted to them, and that the applies.
dons for advances on goods have only hitherto
been made by manufacturers (and not by mer.
chants), for the purpose of keeping their work.
men ent ploy ed

[MORNING HERALD.]
The French Chamber of Deputies, we see,
have been occupied with a proposal to put an end
to their Stock Exchange gambling. That our
Paris neighbours should be scandalized by such
practices sounds a little strange to English ears,
es we are in the habit of giving them credit for
much greater expertness and experience in these
matters than ourselves. The truth, however, we
believe to be, that the two nations have been
mutual instructors of each other in these games
of chance. Our City Ilell, we suspect, has given
the tone to similar practices to its own in France,
while our Fishmonger's flail
and other such

places, derive their Rouge et Noir, their liazard,!
and Blind Hookey, from the orgies of the Falai,
Royal. Of all national rivalries these are the
most disreputable; And 'instead of them, we
should be glad to see a determination on each
side of the Channel to check and to decry such
receptacles of vice and forerunners of national
disgrace and Individual ruin, as all these places
present. We hope and believe that the examples
which have been made of some of the keepers of
gaming houses, aided by the warnings and pub.
licity which the Press has given to the subject,
have had the effect of very much diminishing the
shameless practices at home, but, unfortunately,
the gamblers at the City Hall are quite impervious
to shame ; and as the tread-mill has not yet reach.
ed them (though there is no knowing how soon it
may), their goings on are quite as rife, as shame.
less, as disreputable, and as ruinous as ever. As
long as these people play the game of those
who wish to see. a fi-ctitiourprice maintained in
the Funds, we despair of seeing any- effectual
remedy applied. We do not ourselves, under.
stando nor do we envy the perverted taste of
those who profess to do so, how any fair national
object can he properly combined with a system
of public plunder such as our Stock ,Exchange
exhibits. We have heretofore said, and have no
hesitation in repeating it as our belief, that not
one-tenth of the bargains which take place, at
the Stock Exchange are bona fide transactioias,
but that. en.. the contraryi' full nine-tenths- of
them are mere gambling affairs, in which
the initiated and the uninitiated, in this
precious hotbed of profligacy, swindle and
cheat. each other—ilie very same pedple too
at the very same time, or some of them at least,
subscribing to Bible Societies, to Missionaries,
and other seemingly pious and charitable institu-
tions, in which the cheaters of thousands purchase
for a guinea an imaginary absolution for a life of
plunder. The mischief which- this union 'of cor-
ruption and hypocrisy produces. in society is in.
calculable. The laws•rwage war against petty
swindlers, while swindlers by wholesale assume
the tone and character of "in'en of virtue and
tegrity ; and while the paltry. villain _pays the
full penalty of his crimes, this greater rogue
boldly' braves—bath the laws and public scorn,
and palms himself upon the world as a man of
honour and is public benefactor.