The Sun.
London, England, 1844-05-09 00:00:00

ADVERTISEMENTS INSERTED, in ALL THE THREE PAPERS, Morning Noon, and Night, thereby insuring a TOWN and COUNTRY CIRCULATION, at ONE CHARGE.

EASE IN WALKING.
WILLIAM BADDELEY, of 130, STRAND,
is induced to give publicity to his much.admiresi PRE-
PARED LEATHER (so noted for extreme SO t• FNESS and
DURABILITY), in consequence of the patronage he has received,
and the general satisfaction given by him in manufacturing the above
into BOOTS, &c., on his peculiar fittnig principle of combining
elegance with ease. An extensive assortment of best made articles
always ready on sale. Established 50 years.
No 110, Strand, corner of Waterloo-brid, e. London.

HORIZON-PAL WATCHES. VERY FLAr.
AB. SAVORY and SONS, Watchmakers, 9,
' Cornhill, London, opposite the rank. Price, in 'Silver
Cases, Three and a-Half Guineas etch; or, in Gol Cases, Six
Guineas each. These Watelus are accurate and durable, the Hui.
zontal Escapement being peculiarly suitel to combine those im-
portant requisites. They are jewelled in four holei, and continne
going whilst being wound. A twelvemonth's warranty is given
with each.

HURGESS'S NEW SAUCE, for general pur-
ILJP,poses, having gained such great approbation, and the demand
for it soutlnning to increase, JOHN BURGESS and SON beg most
reincetfully to offer thus their best acknowledgments to the Public
for their liberal patronage of the same ; its utility and great conveni-
ence in all climates have recommended I!. to the most distinguished
tbroign connections, who have all spoken highly in its recommenda-
tion. It is prepared by them only ; and for preventing disappoint-
ment to families, all possible care has been resorted to, by each
bottle being sealed on the cork with their firm and address, as well
as each label having their signature, without which it cannot be
genuine.
JOHN BURGESS and SON'S long-established and much-esteemed
ESSENCE of ANCHOVIES continues to be prepared by tkem after
the sane manner tkat has given the greatest satisfaction for many
years.
Warehouse, 167, Strand, corner of Savoy Steps, London.

MONEY. GRAND DISTRIBUTION of
70,170/. sterling, authorised by his Imperial-bfajesty, and
the Government of Austria, on the Ist JUNE NEXT, at Vienna.
Highest Prize, 23,000'.; Lowest, 501.: 700 Prizes.—Apply fur pro-
svetuses, to Messrs. F. E. Fuld and Co., Bankers and Receivers-
(l,neral, Frankfort ; or, to save postage, at 26, Bouverle-street, Lon-
don, by letter only, from Twelve to Three.

DISEASED AND HEALTHY LIVES

ASSURED.

MEDIC AL, INVALID, and GENERAL LIFE
OFFICE, 25, PALL-MALL, LONDON.

TRUSTEES.
Charles Hopkins-on, Esq., Regent-street.
Sir Thomas Phillips, Temple.
Alfred Waddilove, D.C.L, Doctors' Commons.
DIRECTORS.

Edward Doubleday, Esq., 249, C. Richardson, Esq., 19, Bru-
Great Surrey-street. ton-street, Berkeley-square.
George Gun Hay, Esq., 127, Thomas Stevenson,Esq., F.S. A.,
Sloane street. 37, Upper Grosvenor-street.
J. Parkinson, Esq., F R.S., 80, I Robert Bentley Todd, M.D.,
Cambridge.terrace, Hy de-park. F. R. S., 26 Parliament. street.
Benjamin Phillips, Esq., F. R.S., Alfred Waddilove, D.C.L.,
17, Wimpole-street. Doctors' Commons.

NATIONAL LOAN FUND LIFE ASSUR-
ANCE SOCIETY,
26, CORNIIILL, LONDON.
Capital £500,000.
Empowered by Act of Parliament.

The many novel and varied advantages bestowed by this Institu-
tion, both in its life assurance and deforred annuity departments, par-
ticularly the power to borrow two-thirds of premiums without ex-
pense or forfeiture—the great reduction of rates on short policies—
the option of selecting benefits and converting policies so as best to
suit the interest or necessity of the policy-holder during life, as well
as to afford the full benefit to his family at death, and annual division
of profits, have already been so well appreciated by the public, that
the Society's great success and growing prosperity enabled the Di-
rectors, at their General Meeting In May last, to add to each policy
on the profit scale a bonus averaging fifty-five per cent. on the
amount already invested ; an 4 this bonus, according to an equitable
scale, may either be paid in cash, or applied in reduction of future
premiums

PHILHARMONIC SOCIETY.
The FOURTH CONCERT will take place on MONDAY EVEN-
ING NEXT, when will be performed Mozart's Sym. in E flat, Men-
delssohn Bartholday's in —, Beethoven's Overture, Leonora Fidelio
(first time in these Concerts), and Spohr's Faust.
Solo Performers—Piano Forte, Mr. W. S. Bennett : Violin, M.
Auguste Putt. Vocalists—Mademoiselle Castellan and Herr Staudigl.
Single Tickets, One Guinea each, and Double Tickets 1/. 10s. To
be had of Messrs. Cramer and Co., 201, Regent-street.

MUSIC OF SPAIN.
Without Extra Charge to the Public, at the
ROYAL POLYTECHNIC INSTITUTION.
The Directors have engaged Mr. C. E. HORN, to deliver
A SERIFS of LECTURES on the MUSIC of EIGHT different.
NATIONS, The MUSIC of SPAIN commences on the 6th
instant, and will be continued during the week, on Monday, Wednes
day, and Friday Evenings, at Eight o'clock ; and on Tuesday, Thurit-
day, and Saturday, at Three o'clock, with VOCAL and INSTRU-
MENTAL ILLUSTRATIONS. All the other Lectures and Exhibi-
tions as usual. LONGLIOI'TOM'S PHYSIOSCOPE and OPAQUE
MICROSCOPE. NEW DISSOLVING VIEWS, ARMSTRONG'S
HYDRO-ELECTRIC MACHINE, &c., &c.

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PUBLICATIONS.

Now ready, with numerous Woodcuts, fcap. BTo., Ss.,
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By the Author of " British Husbandry."
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This Day, a Second Edition, Price 35., 18mo. cloth.
THE SCOTTISH BANKER ; or, a Popular
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By W. H. LOGAN, of the National Bank of-Scotland.
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Just published, price 10s. (to non-subscribers, 123.)

ENGLIH WORKS Of THOMAS 'IIoBBES,
of Malmesbury ; now first collected by Sir WILLIAM MOLES-
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Of whom may be had, the Volumes already published of the Eng-
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THE NEW SWEDISH NOVEL.
Just published, 2 vols., post tivo., 215.,
THE ROSE OF TISTELON.
A TALE OF THE SWEDISH COAST.
By EMILIE CARLEN.
Translated from the original Swedish.

" A story of surpassing interest—a tale of exceeding pathos and
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THE SCHOOL ATLAS OF THE SOCIETY FOR THE DIFFU-
SION OF USEFUL KNOWLEDGE.
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THE FAMILY ATLAS OF THE SOCIETY FOR THE DIFFII-

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AFAMILY ATLAS, containing a Selection of
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THE ATLAS of the SOCIETY for the DIF-
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of any Bookseller, or of the Publishers.
Chapman and Hall, 186, Strand.

THE PHYSIOLOGY OF THE PASSIONS.
" There are passions grateful to the breast,
And yet no friend to life: perhaps they please
Or to excess, and dissipate the soul,
Or while they please, torment."
Elegant pocket edition (20 engravings) price is., by post Is. 6d.
THE. PHYSIOLOGY OF THE PASSIONS,
their Purport and Control. On Chastity, its abuses and diseases
arising therefrom--on Marriage ; its duties and denials—on infeli-
citous and unproductive unions.—Law of Divorce, &o.
By R. J. CULVERIVELL, M.D., Member of the Royal College of
Surgeons, &c.
" But happy they, the happiest of their kind,
whom gentler stars unite ; and in ono fate,
Their hearts, their fortunes, and their beings blend."
Sherwood, 23, Paternoster-row ; Carvalho, 147, Fleet-street
Hannay, 63, Oxford-street; Mann, 39, Cornkill ; and the Author, 21
Arundel-street, Strand.
At home, daily, till Two; evenings, Seven till Nine.

LAMEitT ON DEBILITY, NERVOUSNESS, AND ALL
DISORDERS ARISING FROM EXCESS, sm.
He who in ple,sure's downy arras
Ne'er lost his health or 1 outhfu !charms,
A hero lives, and justly can
Exclaim, in me beho:d a man I"
Just published (in a sealed envelope), Tenth Edition, price 24. get,
or sent by post, free, to any address, Ss. 6d.,
ELF-PRESERVATION : a Popular Essay on
1,7 those concealed disorders, originating in youthful excesses,
and terminating in Nervous Debility, Local and Constitutional
Weakness, and all those Sinking:, Anxieties, and Tremors, which
afflict the Weak, the Sedentary, and the Delicate. With Practical
Observations on Marriage, and on the Anatomy. Physiology, and
Diseases of the Reproductive Organs, with plain Directions for
their perfect Restoration
By SAMUEL LAMRRT. Consulting Surgeon
9, BEDFORD-STREET, BEDFORD.SQUA RE, LONDON,
Matriculated Member of the University of Edinburgh, Honorary
Member of the London Hospital Medical Society, Licentiate of
Apothecary's Hall, London,&c.
The various positions of Lover, Husband, and Parent, the ht..
herent privileges of mankind, ale frequently marred and prevented
through the follies and frailties of early indiscretions. To such,
among others, this Essay addresses itself ; and by its perusal many
questions may be satisfactorily adjusted that admit of no appeal even
to the most confidential friend."—Stafford Gazette.
"The design of this work will be tolerably obvious from its title,
.and wir e cordially recommend the author and his book to all who are
n ffkn g from nervous debility and general weakness."—Wakefield
Journal.
Published by the Author, and sold in London by S. Gilbert, 51 and
52, Paternoster-row; Starie, 23, Tichbcpne-s treat, Quadrant, Regent
street; Hannay and Co., 63, Oxford-street; Noble, 114, Chancery.
lass; Gordon, 146,Leadeahall-street; aid by all Booksellers.
At hares every day till Three, and (rem Five till folfilit.

NOTICE
THE LONDON OFFICE OF THE STAR
PACKET COMPANY IS
REMOVED FROM LONDON-BRIDGE WHARF,
TO THE
OLD SHADES PIER,
ABOVE LONDON-BRIDGE,
THE PACKET LEAVES EVERY MORNING AT
NINE.
N B. No charge for wharfage or passengers luggage.
Star-office, Thornton's Wharf, April 13, 1844.

• THE BEST MEDICINE FOR INDIGESTION.
NTORTON'S CAMOMILE PILLS are confi-
l. dently recommended as a simple, but certain remedy, to all
who suffer from. Indigestion, Sick Headache, Bilious and Liver Com-
plaints; they act as a powerful tonic and gentle aperient, imparting
strength.to the stomach, and composure to the nervous system.
Sold In bottles at Is. lid., 2s. 9d., and lie. each, by A. Willoughby
and Co„ late B. G. Windus, Cl, Bishops,ga.te Without ; and nearly
all Medicine Vendors.

SOCIETY FOR THE EMANCIPA-
TION OF INDUSTRY.
BANK RESTRICTION. .
The weekly meeting of the Society for the Emancipation
of Industry was held on Monday at the offices. The subject
of discussion for the evening was "Bank restriction ;" the
introduction of the Bank Charter resolutions of Sir Robert
Peel imparted additional interest to the discussion, the
question being so closely connected with the subject-matter
of the Premier's. speech, which was frequently referred to.
Mr. Spottiswoode was called to the chair.
The CHAIRMAN commenced the business of the -evening,
by giving a definition of the term restriction, which he said
11ssinotbeenaaroperlysunderstood, and having given a review
of it, both historical and commercial, proceeded to the ques-
tion of Bank restriction, Which he said had become a much
wider ques:ion than when he addressed them last week. It
was now proposed that every bank ofissue should be restricted,
in short every effort was to be made to diminish the currency
of the country, and to extend the bad system established by
the Act of 1819. From 1797 to that time the country was
prosperous; it not only fed itself, and enriched itself, but
defended itself against the opinion of all the civilised world
that was armed against it. A system which enabled them
to do that was, he conceived, not one to be sneered at.—
(Hear, hear.) They were not to be told that the adoption of
that system was false and fraudulent, or was a " fatal mea-
sure," which was the phrase now applied to it. Gentlemen
who used such words as these should look a little at the
results of their own system before they applied them. Sir R.
Peel boasted of being the author of the Currency Bill of 1819 ;
he had always been a supporter of the Right Hon. Baronet, but
had he been an enemy he should have wished him joy of the
adoption of that measure. He could see no cause for congra-
tulation in it, but, on the contrary, most serious consequences
had flowed from it. It was too serious a matter to mix up
any kind of flippancy with. He should therefore drop that
part of the subject, and merely state in a few words what
the feelings of the Society were on the subject. The Society
did not think that a system that had carried the country
through the last war, during which it raised fortunes for
many—among others that of Sir R. Peel himself—ought to
be treated so flippantly, for on the other side, looking at the
system that had been followed since, they did not see that
it had done anything of the kind. Its effect had been de-
cidedly the reverse. When Sir Robert Peel boasted of the
present system, and attempted to lay the fault of the panics
among the banks on the system of his great predecessor, Mr.
Pitt, they ought not to let the attempt pass quietly. They
must all see that there was great danger impending over the
country; it was their interest that the truth should prevail,
and they must not permit themselves to be diverted from
the subject by any flippant jests. It appeared that there were
now to be other bank restrictions ; every bank in the country was
to be pinched and cramped, till they should at last be all ab-
sorbed in one bank of issue. Ile would say nothing of the
conceit that must possess any one man who thought he could
control all the affairs of the country better than the mem-
bers of the community themseTves. He would leave that to
their judgment, but he was convinced, as a productive la-
bourer, as a man of business, that it was most repugnant to
his notions, and he should not feel inclined to give way to
any such principle. The Prime Minister declares that his
object is to reduce prices—(Hear, hear)--to contract the cur-
rency, and to cripple the exertions of trade and commerce,
which he is pleased to call speculation. These were his ob-
jects; but the objects of this Society were to increase
prices, and by increasing profits, increase wages.—(Hear,
hear.) In society there was a mixture of all classes,
some productive and some unproductive. Their wealth had
been created by the productive classes, but the unproductive
classes had accumulated capital that they now could get no
interest for, and there was a cry of there being too much
money in the country. Let us contract our money. Cer-
tain great people had doubled their fortunes by the present
system, and, having done so, instead of being able to get four
per cent. for their money, they could barely get one-and-a-
half. They had come to that pass. and therefore found
themselves just as bad off, comparatively, as the working
man whose wages were diminished, except that the differ-
ence between them was this, the one was starved, while with
the other it was only a question of diminished income. This
led him to wonder how any man, who had turned his
thoughts to the subject, did not see what every broker's
clerk in the City could see, that a panic was approaching.
Money was everywhere seeking for employment. There
were more railroad Bills now before Parliament than in any
former session. This was not that these speculations were
sound ones ; in some of them there must be absolute loss, as
there were as many as three lines to one place. It was a
desperate struggle for the employment of capital. The next
thing would be that money would be diverted into all kinds of
trades and operations—gold would depart from the Bank—
the much-desired object of a diminution of the currency
would be obtained, and then would come the panic, and by,
as much as the wealth of the country had been increased,
though it was not well distributed, by so much would that
panic be greater and more awful than the last. That with
all this before them they should not try to restrict their cur-
rency was astonishing. The Society, therefore, thought it to
be its duty to spread information on this subject, to show the
community its danger, and to call on it to resist the wrong
courses which he was sorry to see were being pursued by men
in power, and endeavour to direct the intelligence of the
country into a proper channel.
Mr. TAYLOR next addressed the meeting. He said the
subject before them was a somewhat dry one, but they ought
to consider it not merely in an historical point of view, but
as it applied to the present moment. It was a question of
choice between the system established in 1819, and that es-
tablished in 1797, and they had, as the two antagonists on
those systems, Pitt and Peel, men who, on general questions,
were of the same political principles, but were opposed on
this question. Among the men who admired Pitt, and fol-
lowed him during his life, there was a mixed party—some
condemning and some approving his financial policy. But
those who most admired him—who celebrated his birthday,
and made the most of his memory—were, singular to say,
those who departed the most from him in practice. That dif-
ference showed a split of a most extraordinary kind. They
might go back to the period of 1797, and challenge Sir R.
Peel to prove how the system then introduced could be called
a " fatal measure." Sir Robert was himself of the opinion
of Pitt till he sat on the Bullion Committee; but since that
time he had presumed to sneer at-his master; but he would
have saved the country a vast deal of misery, if, instead of
sneering at him, he had imitated him. Mr. Taylor then
detailed at some length the transactions between the Bank
of England and the Government of that day (1797), which
was obliged to be very pressing in its demands on the Bank ;
those demands the Bank, careful of the interest of the pro-
prietors, were compelled to refuse. The Bank Restriction
Act was then passe
far from being abused, that its issues, after that Act was
passed, were more limited than before. Why, then, should
that be called a " fatal measure," which placed the people
under greater restrictions than before? It certainly did not
produce a superabundance of paper money. Before the war
began the proportion of paper money to the tax-
ation of the country was about sixty per cent.
After that event it was reduced at different times
to 56, to 48, and latterly it was not more than 33 per cent.
At the present moment the issue of the Bank of England is
about 20,000,0001., and the taxation of the country is
50,000,000/. ; that gives a proportion of about 40 per cent.—
it had even gone as low as 30 per cent. All this proved that
there had been no abandonment of duty on the part of the
Bank of England, so as to justify any one, in calling the Act
of 1797, a "fatal measure." He thought a Minister ought
to be cautious how he pronounced a sentence that he might
himself have to reverse. Lord Ashburton once said that the
first gun fired in another European war would destroy our
paper credit, and if there should be another war, and Peel
should be Minister, he would be compelled to adopt the Bank
restriction he had censured. That measure he contended
was an expedient one at the time, and he would now
ask whether it might not be called a just and humane mea •
sure? From 1790 to 1797 they could not raise more than
20,0001. of taxes, but by the operation of that Act, the
people were enabled to meet the taxes by charging the
consumers with the amount of them over and above the
natural price of the articles they produced. Even in the
first year afterwards the taxes were raised from twenty
millions to thirty, yet the burdens were not complained of.
The landed interest certainly had no reason to complain, for
their estates were preserved to them by these exertions.
He now came to a different state of things. This memorable
measure was destroyed in 1819, but the anticipated effects
of that destruction began to be felt much earlier. The Bul-
lion Committee made its report in 1810. The Bank of
England foresaw that it would be compelled to restrict its
issues, and, not knowing when the Act might terminate,
became very rigid, contracted its circulation, and prices
began to fall in 1812, 1813, and 1814. This caused so
considerable a change that some people said on
this account that it was not the return to cash payments
which caused the mischief; but these changes were
produced by the anticipation of the restrictive system. Prices
continued to decline still more after it, and in the seven years
after 1819 the agricultural interest began to feel it, and the
farmers not getting more than 438. 4d, a quarter for their
corn, the landlords began to think that they had gone too
far in destroying the paper currency of the country, which
gave the farmer his prices and the landlord his rent. They
therefore pursued a course which left all the rest of the com-
munity to suffer from the pressure, while it exempted the
farmers. They passed the corm-laws, which were intended
to secure the farmer 50 per cent. for his corn above the natu-
ral gold and silver price of it, on the ground that lie could
not, in consequence of the amount of the taxation of this
country, compete with the foreign corn grower. The manu-
facturer could not contend with low prices, and on this ground
the attempt to interfere with the hours of labour in factories
was resisted—it would compel the master to reduce wages,
and thus place the labourer in as bad a situation as he was in
before. He had no objection to a Restriction Act, compelling
the Bank to take up its notes with gold; but then it should
be with gold at the market price. He concluded by stating,
that the Act of 1797 was an expedient measure and a hu-
mane one. The country, could not flourish if it disregarded
the common principle of doing unto others as we would be
were not adequately re
presented change was made that so
mdouncehuanffteo
c,
tnee
Parliamentdsp y
poor man was forced to pay.
the taxes he had no share in imposing, but which the mea-
sure of 1819 threw upon him, it became a serious question
whether that principle should not be carried out whichwould
them.eeial lto
o Whenthose whenthe who
give him a larger share in the representation.
Mr. SPARKIIALL put several questions to Mr. Taylor as to
' the issues of the Bank, particularly as to whether he. would
not wish the Bank to restrict its issues at any time or dudei.
any eircumStauce4 ? •

Mr. TAYLOR said the Bank issued its notes for Exchequer
bills, on which the Government paid discount. With that
paper money the Government paid the interest of the na-
tional debt, and also defrayed the charges of the current year,
and these sums amounted to about 50,000,0031. The deposits
in the Bank were employed in the business of discounting
private bills, but this formed but a small part of the business
of the Bank.

Mr. SPARKIIALL thought that by an exclusion of foreign
manufactures, keeping up a fixed price for corn, and giving
employment to the labourers, by cultivating the 15 millions
of waste land at present idle, the people would be enabled to
pay the taxes without any alteration in the currency.
Mr. RICKARDS said that some instrument of exchange
besides gold was necessary ; the nations that had confined
themselves to gold had remained in stafu quo, and not made
such progress as others that had adopted some other repre -
sentative of value. All the gold in this kingdom would not
be enough of itself to pay one fortnight's wages of labour.
All we possessed was barely sufficient to represent the labour
of the country without its taxation.
Mr. J.'HoLLAND on the contrary, contended that France
raised within a million of as heavy an amount of taxation as
this country, and it only had six banks of issue, three in
Paris, and three in the provinces. Napoleon carried on his
wars without a paper currency. He thought it immaterial
what quantity of gold was in the country provided it was
left free to find its relative value, and provided that a small
quantity of it answered the purpose of a great deal.
Mr. CAPPS said at that rate the condition of the labourer
ought to improve as prices rose, but was that the fact ?
Mr. O'BRIEN having stated what he considered to be the
objects of the Society, said he had no objection to the cur,
,renFybeingdepreeietett ptnvidedit ;Wei not done ad libitum,'
or indefinitely. He was for a depreciation to a certain ex-
tent ; the question was to what extent. He thought the Act
i of 1819 had operated with great injustice to the debtors of
the country, by compelling them to pay "none currency debts
contracted in another of,less value. The bulk of the national
debt was contracted between 1793 and 1815 ; by the opera-
tion of the Act the people were compelled to pay the public
creditor 33 or 34 bushels of wheat for every 15 bushels the
Government borrowed. This was most unjust, and this
he contended against. He illustrated his argument with
great clearness and ability.
The CIIAIRMAN said the objects of the Society were much
in accordance with the views just expressed ; but they did
not want a depreciated currency; that they had already.
They did not want a depreciated currency, they only wanted
the honest use of it.—(Hear, hear.) If the Government
added fifty millions of taxations to the natural cost of pro-
duction, their currency must be depreciated. They might
have Acts of 1819, and resolutions of 1844, but it remained
the same. The reason of the panic that took place among
the banks was, that the law compelled them to pay double
the amount that they had promised to do.
Mr. RICIIARDSON said there was another element which
acted on the currency that must be taken into their consi-
deration—the exchanges, and instanced the operations of the
" blearing-house," by which large sums were transferred
without any money at all.
M. T. ArrwooD then addressed the meeting at great
length. Ii said he had had the misery the night before of
hearing the speech of Sir R. Peel ; he had read that speech
since, and he came there to say that he altogether despaired
of any good being done for the nation ; the doom of the
country was sealed. Hearing the cheers that greeted that
speech from all parties, though it abounded with such wrong-
headed sentiments, -he thought it was no use striving
any more. lie altogether despaired now of any good being
done. As Lord Spencer once told him, "To the devil we
must all go." Nothing could rescue this blasted, blighted,
and doomed nation from the fate that was approaching it.
There were groans in their ears, but they heard them not—ruin
was before them, but they saw it not—and would not see it
till it broke upon them. He looked upon the country as a
whitened sepulchre, all loneliness without, and all rottenness
within. He gave it up. He had tried to save it for thirty
years, but now he might as well attempt to swallow the
Thames.—(Laughter.) If the Chairman was a great Duke,
and the gentlemen present all Barons, then something might
be done—then there might be some chance. But the coun-
try was in such an unhappy state of morals, that he be-
lieved what was once said by Lord Western was correct,
" Bad iiptikle Ministry are, the people are a d—d deal
worse. reat laughter.) With respect to the question
before t em, he denied that he wanted an irresponsible cur-
rency, but he deprecated laying down any fixed plan, before
they had got rid of the great evil—the Bill of 1819. They
had got into a mess, and must do their best to get old of it,
as they used to do when he was in the volunteers. 'When
they were in all sorts of confusion and botheration, the adju-
tant could only get them out of it by calling out, " As you
were." So he said with respect to this subject. Let them
crush the Bill of 1819, and get as they were before. He did
not mean that the Bank Restriction Act was a perfect mea-
sure, but it was good pro tanto ; the country flourished under
it, and they should endeavour to get back to a similar
condition.

The CILURMAN then announced that the subject of next
week's discussion would be the " Bank Charter Resolutions,
and Sir R. Peel," and the meeting separated.

HER MAJESTY'S INTENDED MA-
RINE VILLA.

The general impression now is that Norris Castle, East
Cowes, will again become the Royal residence, as Osborne
House would not accommodate one-half of the Royal suite ;
and, therefore, the idea of making it a permanent residence
for the Queen is all but abandoned. Norris Castle, the seat
of Robert Bell, Esq., is Windsor Castle in miniature. Its
erection cost 180,0001., and its furniture upwards of 70,0001.
The Castle stands on the middle of a beautifully intersected
woodland, commanding an uninterrupted view of the sea,
which breaks its waves against the surrounding walls. Its
approaches and site are most picturesque. Sir E. Engle-
field thus describes the position of Norris Castle :—" Seated
on the steep descent of the coast to the Solent sea, it com-
mands a view of that strait superior in beauty to any other
point in the island. To the east Portsmouth crowded with
shipping is in full view, and the richest line of the woody
coast of the island, from Barton to Nettlestone, appears in
long and varied perspective. To the north the Southampton
river is seen in its whole extent, and the town of Southamp-
ton, with its spires and tower, though at more than ten
miles distance, is no inconsiderable object. The woods of
the New Forest clothe the view to the west, while Calshot
Castle, on its point of long bank of shingle, stands boldly out
amidst the waves, and marks the separation between the
Solent sea and the Southampton river. The house is of a
very general form, and its clustering towers, in every point
of view, particularly when seen from the sea, are striking
and commanding, and a most splendid addition to the scenery
of the coast. The choice both of the site and form of the
mansion reflects the highest honour on the taste of the noble
owner." It was originally built by Lord Henry Seythour,
from the designs of Mr. Wyatt, after the ancient Norman
style, and is so extensive that seventy beds can be fitted up
in it, while the out-offices and servants' apartments cover
nearly two acres. The grounds and woods are most beauti-
fully laid out and intersected, and upon every side the most
enchanting views of the sea and the surrounding scenery pre-
sent themselves. But the great advantage which Norris
Castle presents is, that at all times the Royal yacht can
anchor under its windows. When George the Fourth pro-
ceeded on a marine excursion, in 1819, he visited Norris
Castle. and was on that occasion most magnificently enter-
tained by Loixl Henry Seymour ; and in 1831 Norris Castle
was the residence of the Queen (then Princess Victoria) and
her Royal mother. 'When her Majesty subsequently visited
the Castle last year she repeatedly pointedout to her attend-
ants the apartments and walks which her Majesty formerly
occupied and promenaded in her youth.
H. Saunders, Esq., and the other gentlemen who are now,
by Royal command, inspecting the Castle, have expressed
themselves much pleased with it as a residence well adapted
for Royalty, and are now in treaty with the proprietor for
its purchase and that of the furniture. Various sums have
been mentioned as the purchase money, but none with cer-
tainty. The amount asked, however,varieg between 60,0001.
and 80,0001. It is also recommended that Osborne• House,
which is adjoining Norris Castle, but which, as has been
already stated, and is on all hands admitted to be wholly un-
fitted for a Royal mansion, should be also purchased, and
added to Norris Castle. Although the purchase for Norris
Castle appears considerable, yet Mr. Saunders, Mr. Anson,
and the other inspectors, give it as their opinion that ulti-
mately it would be much cheaper to purchase Norris Castle,
or any other mansion fully suited for the reception of the
Royal Family than to take a smaller building, the enlarge-
ment and beautifying of which would require time, and" a
large outlay of money, before the Royal Family could reside
in it.

DESPERATE ATTACK DY THE POLICE ON GAM-
BLING-HOUSES.—Yesterday morning, shortly before one, a
very determined attack was made by the police upon a num-
ber of gambling-houses at the west end of the town, situate
in Bury-street, Albemarle-sqeet, James's-street, and
other neighbourhoods. By - a premeditated arrangement,
in pursuance of orders froth the Commissioneri of Police, but
under what circumstances our informant wins notnot able to as-
certain, a body of policemen from several divisions of the.
force were ordered to be in readiness between eleven and
twelve o'clock last night, to be ready to proceed to a certain
destination, and which was unknown to the men. The men,
on leaving their respective stations, were supplied with sledge-
hammers, iron-bars, &c., for the purpose of obtaining an im-
mediate entrance. As the different divisions proceeded along
the streets, much surprise was raised, and reports were spread
that there was some conspiracy which had been discovered at
the west end and that the police was about to be employed
in the apprehension of the parties. Upon the several divisions
reaching the respective houses that were to be entered, an
attack was at once made upon the doors, when an admission
was soon obtained. The police then promptly rushed up the
stairs into the different rooms. In some of the houses the
gambling was going on, when, upon the noise of the police
entering being heard, a general attempt was made to escape.
The police, however, succeeded in capturing several persons,
and also getting possession of the rove et noir tables, the 100
tables, the cues, &c., when these, with the prisoners of the
police, were taken to the station-house of the C division, in
Vine-street, where they were safely lodged.
THE NEXT MAILS FOR INDIA, SCC.::-Posr-orrrc
E
NOTlCE.—Tuesday morning the following noticee was
srailred
up in the lobby of the Post-office, St. Martin's-1.:
will
mails for Egypt and India, via Southampton, be dispatched
" General Post-office, Tuesday, May 7,
for India, &c.,
hence on the Ist of June. The next mails
hence on the 4th of
via Marseilles, will be dispatched from
Ayres ; her Majesty's
June. Madeira, Brazil, and Buenos
d Letters in time this
brig Petrel for the mails of this ay.
(Wednesday}) evening." 1844. The next
The Prince of Wales's donation of 100 guineas in
tion fund for the restoration of.p4rts of
the interior of Chester Cathedral. heads the list of noble
donors. Tho
Marquis of Westminster and the Esrl of Stain-
aid of the subscription
Stam-
ford and Warrington have respectively given donations of
the same amount; the Bishop of Chester, 1001.; the Bishop
of London, 50/. ; and Lord Robert Grosvenor, Sir O. 3losleY,
Bart., and others, smaller amounts. The subscription already
h
reaches 1,5001.
REMOVAL OF TRANSPORTS
FRoU WooLwicii.ra
lads.3a' lying
dr Woolwich Dockyard, was
The
ca cargo,o f
the 364 male,
i rosa says convicts,
the
preparedBY4:,tfe
wrdiapyi
for
werethe
Bot
rer departure to Hobart Town, Vail Diemen's
Land, by takingoan board,
writer; is the third draft Of 900 convicts from Woolwich
witizia the led few week:.

SPIRIT of the PUBLIC JOURNALS.

FROM THE EVENING PAPERS OF YESTERDAY. •
STANDARD.—The two Joe Humes of Parliament—
Lord Normanby in the House of Lords, and the Josephus
ipse in the House of Commons—last night raised two
debates upon the now familiar subject of Lord Ellen-
borough's recal. The Earl of Ripon in the one House,
and Sir Robert Peel in the other, resisted the produc •
tion of the correspondence between the Board of Con-
trol and the Court of Directors, on the ground that '
a full investigation, in the absence of Lord Ellen-
borough, was impossible, and that a partial dis-
closure would be unjust to his Lordship, while any
recurrence to the dispute, before the new Governor-
General should be fixed in his high office,
must render his government more difficult,
nat merely by fettering his exercise of his own
independent judgment, but by exciting ground-
less hopes in some, and groundless apprehensions in
others. The noble "Joe Hume " did not make any for-
mal motion upon which a division could be taken, and
the authentic Member for Montrose cos defeated by a
majority of 197 to 21. The Whigs, *is represented by
Lord Campbell in the House of Lords Itti Mr. Macaulay
in the House of Commons, maige the most,
of the opportunity to worry th Government.„:.
afforded to them by the act of the Direcr
tors ; but, after all, with little chance of success, as we,
suspect, in the opinion of the public. The Gcliernment,l
it is not to be denied, are in a difficulty, but it is a diffi-
culty in the creation of which they are wholly blame-
less ; a difficulty, in fact, of that kind which few who
have lived long in the world have escaped encounter-
ing at some one time or another, even in their indi-
vidual character—a difficulty analogous to that in
which men are so often involved by the " indiscretion"
or folly of those with whom they are connected by
family ties, by friendship, or business. In such a per-
plexity it is often impossible to exculpate oneself with-
out ruining the delinquent that has involved him in it,
and seriously injuring innocent parties. When this
happens, the conscientious and prudent man submits
in silence to suspicion and reproach. This is
just the case of the Government at present; they
wish to defend the Directors against the effect
of the enormous " indiscretion" committed in the
recal of Lord Ellenborough, and they wish to protect
India from the fatal consequences of a display of dis-
union in the governing power to which that great
empire is subjected, and they are therefore compelled
to hold back the defence of their injured col-
league. Meanwhile the Directors are, without any
such intention, giving to the public the materials
of Lord Ellenborough's justification. The Morn-
ing Chronicle, evidently prompted from Leaden-
hall-street, says that the Directors were compelled to
dismiss the Governor-General because they were not
invested with any power to stop 'the supplies, and they
found their Governor-General too expensive. This re-
duces the quarrel to an affair of pounds, shillings, and
pence ; and it is extremely likely that the Parlia-
ment and the public will come to a conclusion re-
specting it very different from that at which the
Directors have arrived. Under favour, we must think
that commercial men are not the best qualified to
judge of the means by which a great empire is to be
defended, or very rich men the most disinterested
upon a question of necessary taxation—we think it
even more than probable that if it had been left to the
identical twenty-three Directors who recalled Lord
Ellenborough to decide upon our own property-tax,
the revenue would not now exhibit the surplus that
happily it does exhibit. It is only in natures of a high
order indeed, that full pockets do not prove fatal to pro-
vidence and patriotism, if not to humanity—" crescit
amor," &c., says the proverb. If the Directors and Lord
Ellenborough disagreed upon the batta—an extraordi-
nary allowance to be made to the gallant troops engaged
in foreign service—we will venture to say that the
people of England will side with him whose views were
the more liberal, more especially as the withholding the
batta in question has' given occasion for mutinies, the
suppression of which has cost, in money only, to say
nothing of the sacrifice of affection, more than three or
four times the batta saved.

GLOBE.—The " principles" of Sir Robert Peel are
something like the conscience of Baillie Macwheeble,
which was described as " a
,good-natured conscience,
that never did him any harm.' It may be said, in like
manner, of Sir Robert's " principles," that they never
do him any harm ; for he avows that he stops short of
them on system, to avoid collision with existing
interests. It is also sometimes an agreeable disap-
pointment to the interests in question to discover that
Sir Robert's bark is worse than his bite ; and accord-
ingly we find Bank Stock, and Joint -Stock Bank Shares,
as well as the Funds, showing a tendency to rise—
suspense being removed as to the weight with which
Sir Robert's paternal ferule was to descend on the cul-
prits horsed on the subministrant back of Goulburn.
We are inclined to suspect that Sir Robert Peel de-
serves the title of " the first financier of the day" in
somewhat like manner as George the Yourth deserved
that of " the first gentleman in Europe"—namely, by
making the best imaginable bow to a subject, on first
accosting it—not by having anything particular to say
to it afterwards. If " the first financier of the day" is
the man who can deal best with the common-place of
a subject—who can best establish what nobody in his
audience disputes—we confess his claim to the de-
signation. But we should have thought, that to
merit that title, there was required more than the
mere faculty to show up, at their full length, admitted
and glaring absurdities. We should have thought there
was required subtlety and acuteness to penetrate the
dark and disputed passages—the difficulties which the
subject presents to instructed persons. Sir Robert Peel
has either exercised his own mind very little on those
difficulties, or else he is diffident of his power of exposi•
tion to make them clear to other minds, or, finally, he
has taken a contemptuous measure of those of his audi-
tors, and is determined, above all things, to avoid the
example of him, who—
" Too deep for his hearers, still went.on refining,
And thought of convincing, while they thought of dining."
But we must be permitted to say that, from a statesman
who makes so much fuss about the " principles" of
a subject, we had a right to expect, on this occasion,
a luminous exposition of those principles. We had
a right to expect something more than to be told that
Sir R. Peel differs from Adam Smith and Ricardo,
in their opinion that convertibility of paper currency
was sufficient to prevent over-issue; and that new lights
have been discovered since their time, which new lights
Sir Robert Peel follows. We have not the slightest in •
timation what those lights are, though we have a
shrewd guess at them; and could also, we think, enu-
merate those of them which are now burning in the
Bank parlour. But to be told that Sir Robert Peel
differs from Adam Smith and Ricardo, without
being told why, is really presuming quite sufficiently
on the Times-honoured title of " the first financier
of the day." A Minister who affects the assertion of
large "principles"—larger than he tests by practice—
incurs the obligation of giving the most complete possible
exposition of those principles. If he assumes the chair
of the public lecturer, it is incumbent on him to see that
he fills it well. Now from what lecturer on currency,
we should like to know, would be tolerated for a moment
such a skip from Brummagem and Philadelphia to con-
clusions in favour of a sole bank „of issue ?—and prac-
tical propositions, not indeed going that length, but
tending in that direction ? The whole difficulty of the
subject lies—not in answering advocates of inconvertible
currency—not in expatiating on the abuses of credit,
whether on this or the other side of the
Atlantic—but in establishing the connection of those
abuses with unrestricted liberty of issue. That connec-
tion Sir R. Peel did not even attempt to establish. He
took it for granted. But he had no right to take it for
granted. He repeated merely the results of the lesson
taught him by Old Mother Hubbard and her sons. But
the correctness of that lesson is disputed. Right or wrong,
it is disputed ; and disputed by many persons of unques-
tioned abilities, and practical knowledge of the subject.
We need only 'mention the names of a few of thegentlemen
examined by the last Committee. Mr. Tooke, the well-
known author of the History of Prices," and of a recent
able treatise on the currency principle. Mr. Stuckey,
which are
head of the banks of Somersetshire under his HT
banks to increase thereiadrshuispsoounfestfahoceftsGpleaikpmeelthise
his position, in intimate communicationeep rsoracles) and Mr.
Lord Liverpool (one of Sir Robert
famous Bullion Com-
described as admirably conducted, who was
w
Huskisson, and was examined bytheit9hit.mtherelylabtye
manager of the Ban
Com-
mittee. Mr. Gilbart,
Bank;
circumstance that, while there has . been a great exten-
sionl of banking capital, and of' banking accommodation,
or
f. Alexanderseotlan d, Blair,
who
mentions treasurer
and of banking competition, in Scotland since 1826,
the amount of the aggregate circulation has considerably
diminished. What a commentary," observes Air.
Tooke, "upon the received doctrine of the power of
money as suits
their interest or convenience; and that it is the effect of
required
uaitreledasatnsaNsvewretlhl
edme deserving nags
tohfe
the competition of banks of issue to create a vast mass
practical
Incurables, or men,
th
of worthless paper l" Now, we say that the opinions
tion as the rag money
ebats
and coming
In confirmation of the views of Adam Smith and Ricardo,
yt the
yli.oduiroeuertlyo of
acrosscon confuta-
tion
st r-
reveries of the Brummagem
Letters. They
Robert's path--contradicted the principles he has ad-
vanced, and dissuaded the restriction of issues he
proposes. It was a safer chivalry certainly to engage
the Attwood apostles in preference ; but it was not
paying (on Sir Robert's part) exactly the highest
compliment, either to himself, or his audience. And
what sort of relevancy had Sir Robert's citation
of the smash in America ? Remark !—the question
is not whether credit, and banking, may be abused
—but whether, with a convertible currency, the abuse
will take the shape of over-issue of notes. Does Sir
Robert Peel mean to affirm that, if not one, or only
one, of these American banks had been banks of
issue—if the United States Bank had preserved its
, privilegei—the loss of which he seems to consider
the source of the evil—the vast Avreek of American
credit 'could thereby have been avoided P Take Uncle
ISaw as the head of a &rally—who went on borrowing
for ieara without moans of paying—what does it signify