The Sun.
London, England, 1826-08-01 00:00:00

SPIRIT OF THE PUBLIC JOMNALS.

A letter on the subject of Greece, and of Greek poli-
tics, will be found in our columns; And we publish it as
we have received it, with natural wishes that the opinion
of the author as to the favourable aspect of the tflitirs of
his adopted nation may prove in the result well founded,
but not altogether with a dispositien to blame the people
of England, as he has blamed them, for their apparent
backwardness in the muse of Grecian liberty, sus com-
pared with other turopean nations. It is true, that
fora long tiolt' past subscriptions have not much succeed-
ed in Englend, for the supply of arms, or other implements
of war, to the Greeks • and can such reserve be wondered
at ? Per, whet has become of the Greek loans ? How
have they been disposed of? Who is it that constitute
the administrative power among the Greeks ; and what
security—we mean what security in common sense—exists
that money remitted to one authority, and for one pur-
pose, will not fall into the hands of an opposite party, and
be applied to ends diametrically adverse to those enter-
tamed by the contributors ? It must be to other hands
than those of the Greek leaders that any funds which may
he raised must be entrusted, We look with extreme so-
licitude to the effect of Lord Cochrane's first appearance
on the scene, and mutt it may prove as complete an over-
throw to Greek animosity and civil discord, as we are
convinced that, if he has fair play, his Lordship will
render it of tb Turkish naval power. That there are
some amorr,;.the Greeks who deeply lament and depre-
eate the 'unto:mance of piratical outrages under their flag,
upon tine persons and property of neutral powers, we are
well, convinced ; but it is difficult to trust or co-operate
'With a Government (if a Government there can be) which
cannot or will not effectually repress the aggressions of its
own subjects upon its known friends and allies.—Times.

We. alluded yesterday to the, vituperative attacks of
Ministers in Btackw(Ssi's ..Aragazine. There is an article
on Jacob's Report on the trade in Foreign Corn, in
which the author—a gentleman extremely well satisfied
with himself—evidently thinks he has quite • deMolished
them. Unfortunately, he does not understand even the
first principles of the science of which he treats. The
following passage' will be deeMed conclusive as to this, we
believe, "by Most of our readers-:
" In other parts of his (Apr. Jacob's) Report, he seems to
sneer at the maxim of buying dear manufactures at home, ra-
ther than .cheap► ones abroad. Austria, from its insular situa-
tion, can, export scarcely any of its corn and cattle ; if it do not
possess native consumers, its agricultural produce must be almost
without a market ; and yet, according to the ' abstract truths,'
the agriculturists ought to be, in effect, prohibited from selling
their produce on any terms, rather than suffered to buy with it
dear nativtmanufactures."
Now, assuming the allegation to be true, that Austria
has no vent for her agricultural produce, how is she to
find the means to purchase manufactures? . She must
sell something, before she can obtain manufactures. The
writer does not see that his position is a contradiction in
terms. Austria would not only sell her agricultural pro-
duce, but she would.;sell it for. more than can be given
by the:native manufacturers, or she would sell it to them
rather than to strangers. When a country is so situated
that its agricultural produce cannot find a vent elsewhere,
this circumstance is equivalent to a high protecting duty
in favour of manufacturers. Switzerland, for instance, is
protected against English manufactures by the heavy ex-
Pence of carriage from the sea coast to a country so dis-
tant frOm it. The Manufacturer. is tempted in inland
countries by the double advantage of cheap food, and pro-
tection in the expellee of carrlisge.—illorning Chronicle.
We differ considerably front the views of some Jour
nalists with regard to the Joint Stock Banking Com.;
parties, which it is proposed to establish in preference to
the Branch Banks of the Bank of England. It is not
likely that his Majesty's Ministers will throw any oh-
staeles in the way of Joint-Stoek Banking Companies ;
but it really. seems to us' to be a very awkward scheme to
remedy an evil arising from. Joint-Stock Companies by
new Joint-Stock Companies, The want of good securi-
ties was in part the coyote of the failures of the Country.
Ranks ; but we w7ll venture to maintain, and we think to
prove, thattl",e very best securities would not he a mufti-
ei"at obatt.ele to the over-iiisue or Bank paper by private
ei", btab":.;rinients: The advance of money on land,. in
9, first instance, enables the person who procure,
it to obtain either more property in laud, in houses, or in
some other species of real estate. The possession
of this second estate is just as good security for a far-
ther advance as that of the first; and as long as the
rents of the estates, successively purchased with the ad-
vances,, continue to cover the interestrand leave some pro-
fit besides, it is obvious that any person who can procure
a sum of money in the first instance, may, in theory, be
enabled to obtain such sumo to infinity, and may give the
most unexceptionable securities for them. Any person,
therefore; 'may, even with the joint-stock system, easily
tpialifY himself to becomo a partner in a banking concern ;
and' the landholders, who might lend their Support to finch
establishments, would not easily be induced to confine
their issues to the amount of their respective securities, as
they would very naturally consider the securities of those
to whom notes might be advanced as joint ones, with
theirs, least for the amount advanced. The building
and trading mania would thus be renewed with so much
the greater force, that the apparent stability of the sys-
tem would appear 'incomparably increased. We think we
perceive, in the exclusive fondness which some display
for this scheme, a lurking desire of propping obsolete pre
jediees, by throwing a new power into the hands of per-
sons whom they conceived to be unfavotirable to the hbe
rid principles of his 'Majesty's Ministry, The Clamour
raieed,in Scotland against the measures about Scotch,
noteis'affords a pretty dear proof of the prejudicial influ-
ence which is thrown by these establishments into the
hands of their numerous partners; for the people of Scot-
land generally did not join in the cry which was raised on
the occasion. It is true that Scotland Was differently
sheeted in this respect from England ; but we are most
deeidedly of opinion that no set of men ought to possess
the influence which bankers must- possess, withont some
check upon them in the handS of the Legislatiire.—These
bankers 'have‘it in their power to raise and debase the
price of all species of property, to asgreat a degree lamest
as the Bank of England ; and as long as their separate cs;
tablishments continue to act without concert, Or if they
were only to act with the same degree of concert as the
Scotch banks, there could he no hopes of anything but a
succession .of revulsions. The stability of the Scotch
hanks has been owing to the partial adoption of the prin-
ciple which Would be completely carried into effect by the
establishment of branch banks from the Bank of England
—provided the Bank of England were placed more corn-
pletely than it has yet ostensibly been, under the control
of the Legislature and his Majesty's Government. —Bri-
tish Press.

Alphotiso, King of 'Arra---gc---)n, ;vent one clay with
several of hit coOrtierg to ,„ ,4,n, tfit 44414; 4 jeweuees.
tie
had scarcely left • the shop when du) -4/
coniplaining that a very valuable dhoti:rod' leiluir 1111:;.ennetsid lift:s7teitillibyn'
one of the party. The King returned to the I' '
large vessel full of bran to brought ; he then ItlieTis; eacTlievriiind :
to plunge his hand, cloaetl, into the vewl, anti. tor withd,,,%„,--'-;,--
open ;he himself set the example. Whim every v nnti ii-sci 11'1;
in his hand, he ordered the jeweller to empty the, 4N
.Upon the
table ;by this means the diamond vrat recovereo, alt no ono
was disgraced. ~ .
ScuLPTunx.-,43ut h'w persons have a correct
idea of the progress of a sculptor in his work; the general nu_
Lion is, that he falls on a block of marble and -chisels it away till
he has made it into * statue. Juts in minty the sculptor begins
on much more ductile materials than marble. He first forms a
model in clay, and this is entirely the work of his oven hands ;
but before he begins the statue is perfectly imagined, the figure
in visionary form is c4mipletely before him. When fuiiithed, a
cant is taken from the model by the sculptor's assistants, which is
dotted over with black points at reglilar intervals to guide the
workmen. From this model they begin to svork, and having re-
duced the block otmarble in o ii*, and made it a rough-hewn
statue, the scull '' ' i us labours. The exterior stir-
hoe, as it w' '- . ' ' feet, and it is at laid polish-
ed' with pikoire,4; -'4 ,- . k--. ~
.11,1.

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LAW INTELLIGENCE.

COURT Pr CHANCERY, Jtax 31.
COVENT GARDEN THEATRE.
CONST V. HARRIS.

This case underwent a long discussion at the bar to-day, in-
volving questions of practice. Some time ago a motion was made
by Jr. Hart on behalf of the defendant for an order, directing
the receiver to pay a Man of money into court. Previously, it
was referred to the Master for the purpose of the receiver passing
his*ecounts ; the accounts were passed before Master Cross, and
in the mean time .the Vice Chancellor made a decree, directing
accounts to be taken, under which, according to the
practice in the Master's Office, the parties had to go
befpre Master Dowdswell, and therefore application
hail been made to Mr. Cross to deliver up the papers. • He
wait informed, by a communication from the Chancellor. on
Saturday, not to part With them till to-day, on Mr. Hart's
stating that he was about ,to deliver them up, and that
ith effect of that would be to go over de now, in Mr.
0 wdswell's office, what had been gone through in Mr. Cross's
o ce.

ff Ir. Hiram) to-day denied that the enquiries in t'.e Master's
o ce would have to be gone through de, novo; the prectice was,
w en papers were removed from one Master to another,
th t the Master to whom they were taken took up the proceedings.
exiictly at the stage at which they were left off in the office from
which they had been removed.
;His Lounstur considered this to be the fair and proper way of
prOceeding certainly; but he desired to see one of the Masters be-
file he comes into COureto-morrow morning, when he will wen-
t* it again, and in the mean time no proceedings were to be
taken. L

VICE.CHANCELLOWS COURT, JULY 31.

I ,
I3USIIiESS OF THE. COURT. -
i A case irr which Mr. Hart was CounSel for the plaintiff
having come on in its turn,
i Mr. Hart requested the next cause on the paper to be
called, as Mr. Horne, who had been opposed to him, was
occupied in the other Court, the next cause was accord-
ingly called, and Counsel was proceeding in it, when
ILO was interrupted by the
! i• Vice-Chancellor—Who said, " I don't know that I can
4 low this cause to be brought. on, out of its turn, Mr.
a art. If I permit this now, where shall I stop ?
Mr. HART—It is customary in the other Court, that when a
cause comes on the Counsel in which is engaged in this Court, to
let it stand over, if the parties in the next cause be ready. Mr.
Itorne expected, that when I should mention this to your Ho-
nbur, you would allow a similar indulgence to suitors in this
Court.
The VICL-CHANCiLLOR.-4 should be very happy to do it if
I. could, but I have never yet allowed it, for I am of opinion that
sfich a practice would entirely paralyze the business of this Court.
The cause was accordingly heard in its turn.