The Sun.
London, England, 1844-11-26 00:00:00

rnE SUN, LONDON, TUESDAY MORNING, NOVEMBER 26, 1344.

share of patronage! If you quarrel among yourselves,
you will lose your power ; and if you lose your power
you will, as a necessary consequence, lose your chance
of getting a snug slice or two of the loaves and fishes !
See what you have already lost by your foolish dis-
sensions! Had you acted harmoniously together at
the last election you might have returned two
Members for Bristol, but instead of this you only
returned one, consequently you lost "a considerable
portion of that patronage which it is usual for the
Minister to give his friends!" Such is the candid
and communicative Mr. SHAW'S advice to his brother
Conservatives, and we thank him for his honest,
downright plain-speaking, for it confirms us in an
impression which we have long entertained—namely,
that the principle of Conservatism, like that of Mo-
nopoly, is essentially one of selfishness. These Tories
in a masquerade dress profess a great deal, but when
you call on them to put in practice what they preach,
you find them utterly wanting in good faith and eon-
sistmcy. They talk about making a stubbori. stand
for " things as they are," at the very moment when
they are maintaining the doctrine of expediency,
which, they well know, will compel the Premier to
give us "things as they ought to be," the instant the
pressure from without becomes sufficiently powerful.
In a word, while in their speeches they make a vast
parade of their independence, in their acts they show
themselves the mere obsequious tools of Sir R. PEEL,
.Just now the majority of them are strenuously
opposed to the Corn-law, but let the Premier once
issue the word of command, and they will instantly
falsify all their hustings pledges on the subject, and I
swallow Free-trade with as much apparent readiness,
and even relish, as an Alderman swallows turtle soup.

By the Great Western steam-ship, which arrived
at Liverpool on Saturday, we have the important
intelligence that Mr. PoLK, the democratic candidate
for the Presidential chair of the United States, was
secured of his election, by the defeat of Mr. CLAY,
his Whig competitor for that honour. It may be
justly assumed that this unexpected termination of -a
great contest, the victorious issue of which, even in
the several States of the Union, was so unhesitatingly
anticipated in favour of Mr. CLAY, down tog period
a I most immediately preceding the dates to which the last
advices reach from New York, is a result as little wel-
come as it could be expected on this side of the Channel.
Few elections to the office of Chief Magistrate of the
American Union have occurred, ever since her confe-
deration was established, that have been associated with
relations calculated to prove of more profound interest to
Great Britain, than that which may now be looked upon
as terminated. The results which are, in this view,
presented to our consideration, in the present in-
stance, may be briefly combined. That numerous
and powerful party in the population of the United
States which is " the child and the champion" of an
unqualified democracy in civil government and its
institutions, and the rallying point for all hostility
to this country, under whatever manifestations or
pretexts, has, in this election, clearly triumphed over
their more moderate and practical antagonists. These

latter, advocating, equally, popular rights and the
popular control of their own Government, carefully
respect the guarantees of treaties which they have
entered into with other Powers, and will presume in
favour of the good faith
,of these Powers until overt
acts to the contrary towards themselves justify
their suspicions and mistrust of others. The

Loco-foco" interest which returns Mr. POLK

is, beyond all doubt,"that which embodies the repre-
sentatives of slave property, and vindicates the prim
ciple of slavery, on behalf of the southern States of
the Union against the northern. It is that powerful
faction which, identifying the renown, and influence,
and moral authority, of Great Britain among the
nations, with her bold, consistent, and disinterested
adhesion to the self-imposed principle of slavery
abolition ; devotes itself to her denunciatio❑ in time of
peace, and to the provoking against her a speedy war of
reckless jealousy and unprincipled revenge. It is
that vast section of American citizens who, animated
by these impulses, and heated by the prospects of
local triumph in securing to the States of the
west and the south that preponderance in the coun-
cils of the Union which has hitherto remained with
those of the north, urge on the annexation of
Texas to the general federal territory, by all or any
means, however contrary to national good faith, to a
sound Republican policy, to an expedient foreign
policy, to tne paraiuouut aut.nority or .aleituv, vs

the wishes of the great bulk of their countrymen
throughout the Union. It is that unprincipled but
vast cabal which would precipitate the occupation
of the Oregon, or the violation of the Canadian fron-

ier, to carry out its own primary objects of aggran-
dising the slave property and the legislative votes of
the States of the south, and insulting the dignity
and crippling the general power of Great Britain.
We may add, too, that it is the motley "class inte-
rest" of the Union which is for a tariff of absurdly
Ugh protective duties for the assumed encourage-
ment, but the practical ruin, of the trade of America,
through the most impolitic discouragement, in the
meanwhile, of her best customers, those foreign coun-
tries against whom that tariff is directed.
We do not, therefore, blind ourselves to the nature
or the extent of the results which may be predicated
as consequent on Mr. Pout's election to the chair of
the President. But we cannot participate in all the
gloomy apprehensions which the fact of that election
seems to have infused into the minds of some of our
Contemporaries. We imagine that many of the evils
whose probable occurrence it is not easy to dispute,
on any argument of analogy drawn from the present
aspect of circumstances, have yet a practical tendency
to dissipate themselves without eventuating, so to
speak. It is an important truth, and to be noted in
the first place, that whatever amount of influence, and
whether more or loss direct, the opinions and views and
wishes of the party to whom he owes his elevation,
may be expected to exercise over the career of the
new PRESIDENT ; there is but a limited capacity for
any independent political action in the Constitutional
scheme of his official functions. His powers are
rather restrictive and negative than original and
transmissive. The recent example of the dead moves
of that most check-mated of PRESIDENTS, the re-
doubtable Mr. TYLER, may serve to show how little
the known personal prepossessions of the ostensible
head of the Government necessarily influence the de-
terminations of the great National Council. But,
again, the very force on whose shoulders Mr. PoLK is
borne to the chair is already split into a league of many
and almost antagonistic movements. The men of the
south combine with the men of the north and the
west in a feverish desire, probably, for a rupture with
Great Britain. But the worth is opposed to the south
on the question of the Texas annexation, from a con-
viction of the disturbance of that superior authority
they now wield in Congress, which such an event
would occasion ; and if the Loco-focoism of the north
were content to abandon its anti-slavery views in favour
of a combination with that of the south against Great
Britain, there are other questions besides the Oregon
occupation to sow incurable jealousies between
their various members, should such a compact
be ever acted on. The preponderance of the
Whig party influence, at least in the Senate, will
for some time, at any rate, maintain the foreign political
relations of the States in their present course. This
seems to be the opinion of some of the American
journals, even, which are favourable to the cause of
PoLK. And although the New York Herald is con-
gratulating its readers on that gentleman's election,
in the teeth of all its recent enthusiasm for CLAY,
assures them that the prospects of the United States
are brightening every day, we must say we perceive
many symptoms in their social aspect, their in-
ternal economy, and the condition of her
coasts, marine, &c., which hardly warrant
these congratulations in reference to the mischievous
and hostile purposes to which they are addressed.
Upon the whole of this intelligence, though we
regret, in our respect for and confidence in Mr. CLAY,
that his discomfiture seems partly attributable to a
little want of singleness of purpose and decision in
recent public declarations that have been made by him,
touching leading questions of American and European
interest; we are yet prepared to believe that the
salutary influence of his talents, his integrity, and his
party, may still predominate over, and regulate, the
action of the United States Government, under its
new President.

1 The grand " Repeal Demonstration," to celebrate
the liberation of Mr. O'CONNILL and the gentlemen
who were his fellow-prisoners and traversers, took
place in the city of Limerick, on Wednesday evening
ings" of the Irish
last. It consisted in one of those " monster gather-
people, which are really among

the most remarkable phenomena that our times or
country can exhibit—in a most extensive and im-
posing procession ; and in a sumptuous banquet of
honour, given to the Hon. and Learned Gentleman
and bis friends, in the Theatre. We trust that this
1" demonstration" will not be without its salutary in-
fluence on the counsels of her Majesty's Government, in
calling their immediate attention to the danger of
delaying " justice to Ireland." Mr. O'Cosisma. was
everywhere greeted, from his arrival in Newcastle,
! in Limerick county, to his reception at the banquet,
with the most enthusiastic welcome ; and his addresses
to the people in acknowledgement of the honours
thus paid to him, were distinguished by their
animated freshness. For these, and other parti-
culars, we must refer the reader to the detailed
report which we gave yesterday. We intend, at pre-
sent, to recur to the " Liberator's" speech at the
banquet, inasmuch as it raises the question of the
soundness of Mr. O'ConssaLL's views on certain
points connected with the great question of repeal,
from which views we have heretofore had the mis-
fortune to differ essentially. As sincere and con-
sistent advocates of the just and indefeasible claims
of the Irish nation upon the Legislature, and the
people of this country, for the removal of numerous
civil and political grievances, we have thought it in-
cumbent upon us distinctly to propound the grounds of
such difference. If this was a task not unaccompanied
with difficulty, in consideration of the eloquence and
talent of the various speeches to which our remarks
were, in such instances, addressed, that difficulty is
now mush enhanced by reason of the ability and
force which pervaded the Hon. and Learned Gentle-
man's remarkable speech of Wednesday, on returning
thanks for the sympathy and acclamations with
which the toast of the evening, his health, had been
received by the 750 gentlemen who were assembled
at the banquet.
Mr. O'CoNNEra, distinctly nails his colours to the
mast. The one great cause he fights for he avows
to be the repeal of the union. He des:flares that he
will accept nothing less; that there must be an inde-
pendent national Parliament for Ireland in Dublin;
that there shall be no such thing as the centralization
of legislation, so far as Ireland is concerned ; that as
for the wrongs, even, of which she has so long com-
plained, and the grievances the redress of which she
has so vainly solicited from the Imperial Parliament,
any compromise with her, founded on the satisfaction
of the one and the removal of the other, which might
now be proposed, would not be accepted by the
Irish people. "We will," said he, " make John
Bull understand us ; and even if he should then
offer to remedy them in the Imperial Parliament, we
will till him you spoke too late. We have come to
the understanding that we shall do it ourselves.' "
And again, in a preceding speech, delivered from
CRUISE'S Hotel, "Well, there had been no surrender,
no compromise.—(Cheers.) Some blockheads said
that he wanted less than their rights. It was the
other way, for those repealers were calling for twenty
shillings, but he asked that, and ten shillings more.
(Laughter.) That was by the way of tilly.—
(Laughter.)"
It is very natural that Mr. O'CoNNELL should
feel an absorbing, uncompromising, solicitude about
the result of a grand scheme of national agitation
to which he has bent all the extraordinary energies
of his powerful organization, physical as well
as mental, with a degree of ardour and
devotion—rarely, if ever, exhibited by the youngest
of political leaders. But we cannot help thinking
that his enthusiasm tempts him sometimes into indis-
cretions, the inevitable tendency of which is to defeat
his own object. In the first place, he miscalculates,
in our judgment, the influence of public opinion in
Great Britain (which is not unlikely to suppose it-
self interested, as the more important integer of the
empire), on the question of repealing the union; by
altogether overlooking the disinclination of the majo-
rity to consent to the dismemberment of Ireland. Mr.
O'CONNELL'S own complaint is—and he puts it in his
Limerick speech with some degree of bitterness—that
the people of England cannot be made to see the
justice of his demand. He proposes "to make John
Bull see it." This purpose can be achieved in one
only of two ways ; and we have much too high an
opinion of Mr. O'CoNNELL's sagacity and tact to
doubt, for an instant, which course he has selected.
But does he—we would put it to his own candour—
thia indiffpr.
ence to the opinions or the wishes of "John Bull ?"
We are sorry, too, to find Mr. O'CoNNELL throwing
to the winds, beforehand, all or any adjustments of
Irish grievances which " the Imperial Parliament"
may " offer to remedy." We would repeat the ad-
vice we have before pressed upon the Hon. and
Learned Gentleman—to await that closely-approxi-
matiag day, at which those in authority who have
given strong manifestations of their individual adhe-
sion to liberal principles of government will feel
themselves strong enough to carry out those measures
they have long contemplated for the amelioration of
Ireland, by fair and frank concessions of remedial

justice and equity to that country. It seems at least
questionable in point of judgment and policy to put
in jeopardy, by ill-considered taunts, the fruition of
events of which the tendency, in our notion at any
rate, is—rapidly to determine in elevating Ireland to
her due rank, and the full enjoyment of all its ad-
vantages, as a member of the Imperial Union.
We may be forgiven if our profound interest in

that beneficent consummation prompts us to submit
the apprehensions we thus express to the calm con-
sideration of Mr. O'CONNELL. It would be a de-
plorable termination to a career of such matchless
zeal and activity in reclaiming, one after another,
rights and franchises so long denied to, or so long

lost by, his native country—to see her onward march
arrested and turned by the force of fears, or pre-
judices, or ill-will (no matter which), needlessly ex-
cited, or rashly challenged. The Liberator must be
satisfied that he has given to the agitation of her just
cause—her demand for full equality of rights and
careful redress of injuries and wrongs—a momentum
which no power can now stop short of its destined
and legitimate end, save that which imparted to it the
impress and force of its wonderful movement—
his own.

At parting with this speech, to the general ability
and effectiveness of which we must again bear testi-
mony, we must own to the feeling of surprise and re-
gret with which we read the following passages.
That feeling has no reference to the charge against
English journals, for newspapers are, by the doom of
their original institution, fair marks for the shafts of
all the world—their friends and their foes, their
readers and their defamers. But we cannot suppose
that a little more reflection would not have suggested
to Mr. O'CONNELL'S mind the many noble manifes-
tations which the last thirty years—and of that
period, the latter term more especially—hare elicited,
on the part of the people of England, of an active,
generous, and disinterested sympathy for the political
wrongs of Ireland, and the domestic misery and pri-
vations of large communities of the Irish people.
'Whether or not they want the readiness which the
Hon. and Learned Gentleman attributes to his own
countrymen in arriving at conclusions, we shall not
stop to inquire, but they have betrayed no sluggish-
ness, no insensibility, we apprehend, in responding to
the appeals of Irish social suffering to the best feelings
of our common nature. There is nothing graceful or
felicitous, surely, in these allusions to them :
" I have much thought upon the impenetrability of
truth into England, anti I solemnly declare that it ap-
pears to me as if a kind of adamantine wall surrounded
that country, making it impervious to every approach of
truth. It may arrive on the four wings of Heaven, and
with the force of electricity to every human being else-
where ; but the fact is most astounding, that it never
can penetrate into England.— (Hear, hear.)"
And again:—
" It might be said that the use of the English press
was to keep up the ignorance of the people. It sup-
ported the delusion under which John Bull is labouring,
and told him that the Irish people had no grievances to
complain of ; but I am determined to give an opportu-
nity to every man, woman, and child in Great Britain to
understand the contrary. To be sure I cannot answer
for the capacity of their genius, for they have but little
of the shrewdness which enables Paddy to arrive so
rapidly at facts."

For his own sake, very much—for the sake of Ire-
land, much more—we trust that the Hon. and
Learned Gentleman will abstain from this random,
but not innoxious skirmishing. His own eloquence
wants no such aids—his country's cause is but da-
maged by them.

Intelligence from Lisbon to the 20th inst. has been
received, but it is not important. The state of the
revenue is every day becoming worse, aid in order
to meet pressing wants: the Cortes were engaged in
discussing measures for increasing the Dues five per

cent. Some of these taxes it is said will affect Eng-
lish manufactures. In the Chamber of Peers Count
LAVRADIO called the attention of the Government to
the miserable state in which the widows and orphans
of the officers who died in the service of Don PEDRO
were left by the Government, their pensions being
then twenty-two months in arrear ; but the Minister
of Finance said that he lamented exceedingly that he
had no money at his disposal to pay these and many
other pensions.

We have received Madrid journals of the 17th inst.
The Gazette of that date publishes two royal decrees,
by which ZURTIINO is stripped of his rank and
honours for high treason, and he and his followers, on
being captured, are to be immediately led to execu-
tion. At the meeting of the Chamber on the 16th, a
Deputy put some questions to NARVAEZ, respecting
the revolt, who replied, " That the Chamber might
rest assured that the Government was determined to
maintain order and tranquillity at any price. Gene-
ral ZUREANO, being suspected of disaffection, had, he
said, been ordered to quit Navarre and repair to San-
tander. He had given the authorities every assurance
that he would lead a retired life, and obey the laws.
The Government saw in him a General whom the
country had loaded with favours and wealth, and did
not question his loyalty. If they had called to mind
his birth, education, and past life, they might have
predicted what had now occurred.—(Applause.) The
Government is of opinion that, perhaps, it has been
ordained from Heaven that a salutary example
shall be given to the people, and that the faithful
Spanish army shall not suffer the disgrace of
seeing their uniform borne by a rebel. It is true
that the rebel ZURDANO has proclaimed a man more
contemptible than himself, but he had not found a
single soldier to follow him, and he commands but
70 robbers. There exists no danger of the public
tranquillity being disturbed."

The following proclamation had been issued by
that sanguinary and ruthless chieftain, and it will be
fortunate for humanity if his attempt at insurrection
is thoroughly crushed. It is dated Najera,
Nov. 13 :

"ARMY F3lt THE RESTORATION 07 LIBERTY.
" Whilst the rulers of every constitutional country in
Europe are the guardians of liberty, we behold Spain
oppressed, in the name of royal authority, by a perfidious
and mongrel band, who, in violation of the laws and the
sacred code, overstep all the bounds of their power,
labour only to promote injustice and ♦enality, persecute
with fury the generous Liberal party, and stop at no in-
famy, imposture, or calumny, to attain their end.
" The moment you receive the present proclamation
you will communicate it, under penalty of death, to all
the authorities of the district, in order that all the
authorities of the intrusive Government may that mo-
ment relinquish their functions, and that the adminis-
trative authorities, both elective and judiciary, who pre-
viously exercised their functions in conformity with the
60th article of. the Constitution, and before the promul-
gatio❑ of the infamous municipality law, shall be forth-
with reinstalled.

" Whoever shall disobey this order shall be fined
1,000 douros (2001), to be applied to the expenses of the
war ; and any officer of the intrusive Government at-
tempting to resist, shall be shot as an enemy of the in-
stitutions which the nation had conquered at the price
of so much blood and so many sacrifices. The same
penalties shall also be incurred by those who should col-
lect for the Government taxes not voted by the Cortes.
" MARTIN ZURBANO."

Great interest continued to prevail in Madrid re-
specting the fate of PRIM, and the decision of the
Supreme Military Tribunal was looked for with
much anxiety. On the 15th Mr. BULITBR gave a
grand entertainment to the French Ambassador and
most of the Foreign Ministers. The Duke DR
RIANZARES, Queen CHRISTINA'S husband, better
known as MuNoz, formed one of the party.
On the 16th the Three per Cents. were done at 27i for
cash, and 271 at 60 days ; the Five per Cents. at 20i at
60 days ; the Coupons at 251 for cash ; the Floating
Debt at 641 on the Ist of December; and the Pro.
visional Debt, 51 at 58 days.

Most of the Paris papers have accounts of the at-
tempt made by ZURBANO to excite insurrection in the
north of Spain, and they generally agree that he has
failed and been deserted by the few adherents who
had joined him. The Journal des Debats says, "We
learn by extraordinary express that ZURBANO and
his troop have been attacked and dispersed between
Burgos and Vittoria by General JAUREGUT, well
known in the civil wars of Spain by the name of
EL PASTOR. ZURBANO, with a few of his men,
--L. * reftie. th.
Navarre, where the Captain-General of that province
is already in pursuit of him." According to the
Presse, all the persons who followed him into the
mountains of Soria deserted him in twenty-four
hours, disheartened by being isolated and repulsed
by the whole province on which they had chiefly re-
lied, and in which they had made their first coup de
main. ZURBANO has only five or six horsemen left
_ _ _

with him. They are said to be his sons and other
relations, and with whom he is endeavouring to pass
the Ebro by its fords in the environs of Fuen Mayor,
flying before the Quass's troops, who, aided by the
inhabitants of the country, are hunting him in every
direction. The Globe gives nearly the same account,
and the National admits that the insurgent band had
split into small parties, for the purpose of dividing
and distracting their pursuers.

The Messcrger gives the following intelligence
from Otaheite :—" We have letters from Valparaiso,
under the date of tne 18th August. A French ship,
which left Otaheite in the beginning of July, brings
news of our establishment. Governor BauAT, in-
formed that a certain number of natives of the south
of the island had risen, thought it right to march
against them. He attacked them at Rapape on the
30th of June, and completely beat and dispersed
them. The Queen POMARR has left Papeiti and
embarked in the English frigate Fishguard for the
island of Bolabola." This intelligence affords ground
to the Opposition for attacking M. GUIZOT, who,
they say, kept back the intelligence till it could be
no longer concealed, nearly the same account having
appeared in some English journals. M. THIER3 and
his party have apparently arranged their tactics for
the next session, and from the subjoined articlo in his
journal it will be seen that the affairs of Otaheite, the
right of search, and the evacuation of Magadore are
to oe the war-cries of the party :
" The following piece of news is given us as certair.
We have it from excellent authority, and yet we cannot
credit it. It is confidently affirmed, is positive, is true,
and yet it is impossible. We are told that M. Guizot,
up to the present time, has not obtained from Lord
Aberdeen the abolition of the right of search. He has
pressed and supplicated, but a firm inflexibility has been
shown him—the right of search will be maintained. We
declare that the thing is most unlikely. How is it pos-
sible that M.Guizot, n ho had so confidently spoken before
the Chambers of arriving at the desired result; who has
paid England the price of it two or three times over ;
who went to Windsor to celebrate the entente cordiale,
has not at least wrested this concession from a Govern-
ment with whom he pretends to be on such intimate
friendship? It is inadmissible, incredible, and yet so it is.
However, we are not yet at the 26th of December—a
a month separates us from the speech from the Throne,
It is to be supposed that before that period, M. Guizot.
who has made so many sacrifices of honour, who has dis-
avowed our officers and all their brave seamen of
Otaheite, the blood of whem has been shed in pure loss
—who has put France under the feet of Mr. Pritchard—
who has evacuated Mogadore—v.ho has had it declared
that France was rich enough to pay for ber glory in
order to spare Abderrhaman the expenses of the war
—who, in fine, has made so many positive concessions to
Sir R. Peel, it is to be supposed, we say, that M. Guizot
will finish by obtaining this modification, altogether of
form, i, the treaties of 1831 and 1833. We therefore
persist, notwithstanding the positive assurances that have
been given us, is asserting that the speech from the
Throne will announce the complete abolition of the
treaties of the right of search."
Marshal BUGBAUD had arrived at Marseilles, where
he was received with great enthusiasm, and a grand
banquet was given to him in the theatre. On his
health being given, he made the following brief
speech, which, however, contains a great deal :

" The conquest of Algeria is complete. There is peace
everywhere--from the frontiers of Tunis to those of Mo-
rocco all the tribes are in a state of submission, with the
exception of a few of the Kabyle tribes of the provinces
of Bugia and Gigelli. The most perfect security reigns
on all points. An immense progress has been made.
The revenues of the colony, which, in 1840, were only
four millions, are now twenty millions ; the European
population, which, in 1840, amounted to only 25,000,
now amounts to 75,000. It was thought, even a short time
ago, that the territory open to relations with us extended
only to the Tell—that is to say, in a tone of forty-five
leagues' breadth only. This is an error. We hare now
certain knowledge that the Arab population extends to
a breadth of 200 leagues, with 250 leagues in length, a
surface as large as that of France. The Arab popula-
tion amounts to five millions, perhaps six. here is an
immense future, which, perhaps, considering my age, I
am not destined to see ; but as long as any streagth
shall remain to me, as long as a drop of blood shall flow
in my ►eins, I will devote them to the service of my
country. I repeat that peace reigns throughout Algeria.
Our enemy, driven from our territory, has taken refuge
in Morocco, and I have just received information which
I regard as nearly poaitive, although I have not yet any

official certainty, that Abd-el-Kader has dismissed the
small force which remained with him, and plunged into
the inttritlr of thb

M. Ztp LAMARTINE, the eloquent Member for Ma:
con, has just published a long dissertation on the
principles which actuate his party as contrasted with
those of the Opposition under M. THIERS. The fol-
lottitig Apitited Attakjit tin, thy!ex-rtegitient 01 the
Coupon contains much truth:—
" Could we make common cause with him ? No, we
may be left for a moment in an isolated condition, but
we are reflecting men. We are not acting the mounte-
bank before the people. We respect the people too much
attempt to ariiiise them. o fill' froth tiiht; sit have the
courage to tell them some useful truths, even when we
know that they are far from being palatable to them at the
moment. Thus, we spurned to sing the ' Marseillaise,'
during three months, to demand levies of men en masse,
and to wake the pillars of the tribune vibrate, on a pal-
try question of religions which had arisen between a
Methodist missionary and some dailsoliC
supported, right or wrong, by a French officer, at a dis-
tance of some thousand leagues from France, on an im-
perceptible islet of the Pacific Ocean. We did not
attempt to seek so far and so low the stumbling-block,
a thousand times aecursedi which might shake the peace
oti the world and stain savage shores with European
blood. It is not on that miserable shoal that the
peace of Europe can run aground, if it be ever to be
broken. There are noble fields on the Rhine, and a
valuable prey to contend for on the banks of the Medi-
terranean. The Romans there conquered empires ; oar
noisy politicians fall furieusly upon a rock of which Eng-
land does not even deign to dispute the possession. You
would not go to war when war was at your gates, for a
grand cause in the East, and you wanted to make Ota-
heite a cause of war 1 Why ? Because you well knew
that war could not grow out of that question ! Thus,
likewise, when the King went to England, to return the
visit of a young Queen who had come last year to pre-
sent to him a pledge of good harmony, and remove by
her presence the painful recollection of the treaty of the
15th of July, my friends did not attack the Ministry
for allowing royal politeness to :be returned by the
King of the most polite nation in the universe. We did
not blame the King for smoothing as much as in his
power the thorny path on which diplomacy too often
comes into collision. We certainly conceived that the
clock of the Tuileries was some weeks in advance ; we
should have preferred that symptomatic journey to have
been postponed for a month or two. We condemned
the Ministry for omitting to completely terminate the
affair of Morocco, and for neglecting to obtain, at the
risk of displeasing England, full reparation, guarantees,
and the expenses of the war before it permitted the
King to embark ; but that blame, which merely at-
tached to Ministers, did not induce us to view with ill-
will the meeting of two Sovereigns, representing the
high sympathies of two great nations, and establish-
ing a friendly feeling between them, notwithstanding
Ors rivalry of their Governments. We are more philo-
sophers than politicians, or rather our politics are but
the philosophy of humanity. We have not sifted words
of mutual peace, to seek in them susceptibilities, motives
of hatred or snares, as if too many did not already exist
among nations. We frankly applauded, if not all the
expressions, at least the general tenour of the King's
speeches in England. In order to judge them impar-
tially, we placed ourselves in a situation where we were
neither influenced by the feelings of the moment nor
blinded by party spirit ; we estimated them from what
might be their probable results ; and we could not but
admire a pacific King boldly raising the standard of
union between the two nations, above international pre-
judices, and employing the voice of France to proclaim
the dogma of concord. The mission he assumed ap-
peared to us not timid, but novel and daring ; for it is
snore difficult to prevail on the French -nation to listen
to reap oa than to glory. No, we considered it tio shame
on the part of a Sovereign to use the throne as the most ele-
vated point between nations, whence to proclaim, supported
by 30,000,000 armed citizens, a desire to maintain
European harmony, to avow a desire to see peace con-
solidated, and to admit and approve the dogma of re-
spect for human blood, and the happiness of nations. A
King acting such a part, raises himself to the level of a
philosopher. We offer no opposition to philosophy, even
when it becomes identified, either by chance or by good
luck, with the person of a king. In every other respect
we pursued nearly the same line as did the Opposition.
We differ from them, however, on one point, for we ex-
pect no better from the Ministry that may be chosen
from its ranks, than from the Ministry it attacks. The
cause of liberty seeking its avenger in the Minister of
the laws of September, and the cause of national dignity
personified in the Minister of 1840, and committed to
the safe keeping of the man who recalled our fleet from
the Levant, and signed the note of the Bth of October !
This, in my opinion, would be to carry the jest too far,
and to insult with too much effrontery the good seine
of the country. But if the county wishes it—if it amuse
the Opposition—we have nothing to say to it. In a
comedy there is an actor for every part. Our affairs
are conducted on a similar principle. We are wrong to
regard with seriousness, liberty, revolution, and the gran-
deur
of our revolution. It is an error, but an error which
history will share with us."
THE BOURSE--SATURDAY, Nov. 23.

Fint Higheut Lowest

Price. Price. Prim. Price.
French Fly, per Cents.. •• 119 35 .. 119 40 .. 119 35 .. 119 40
Fours •• 107 .. 107 .. 107 .. 107
Three per Cents..... 83 05 .. 83 10 .. 83 .. 83 05
Bank of France 1140 —3140 ..3140 ..3140
Lafette Bank, I,ooof. Shareslo9o ..1090 .. 1090 .. 1090
5,000 f. Sharesso37 50 "5040 "5035 ..5035
Dolean Bank ..•• •••••• •• •• 585 .. 585 .. 580 .. 580
Beleian flop, titan 102$ 10'23 .. 1031 1031-
Two-and-a-Half...• 61 55 .. 61 70 .. 61 55 .. 61 70
Spanish Active ....... 32} .. 34 .. 32j •• 32;
Neapolitan •• •••• ••• 98 .. 98 50 .. 98 .. 98 50
Reiman .• •• ..... •• 104; .. 104; •• 104 i .. 1041
RAILWAY SHARES.
Versailles, . 437 50 .. 442 50 .. 437 50 .. 442 50
L.B •••• •••••• 317 50 .. 317 50 .. 312 00 .. 315
Rouen.-- .• • ...........1006 25 . 1007 50 ..1006 25 "1007 60
Rouen to Havre•••
Orleans
Strasburg to Bale •....... 278 75 .• 278 75 .. 277 50 . 277 50
kvignon ID:Marseilles."... 890 .. 895 . 888 75 .. 895

RAILWAYS FOR THE ACCOUNT, DEC. 3.
it. Germain . 937 50 .• 937 50 .. 937 50 930
Versailles, R. 8....... •• •• 430 .. 432 50 .. 438 75 •• 442 50
L.B ... • • • 317 50 318 75 .. 312 50 .. 316 25
Rouen • • • • • • •• • .1005 ..1007 50 ..1005 ..1007 50
flouen to Havre...—. •• 782 50 .. 785 .. 782 50 785
Crleans
Strasburg to Bale— .. •• 277 50 •• 277 50 277 50 .. 277 50
Avignon to Marseilles...... 885 .. 897 50 885 .. 897 50

MONEY AND COMMERCIAL NEWS
CITY, MONDAY EVENING.

Consols left off ratter hea,:".tiv at 1001 f, business
qfpg shitit.4lw Three-and-a"-Haiker Cents. were
The Foreign market was also inatiltes Spanish
per Cents. realised 2tf to 24 ; the Three V& Cutts.,
35k ; Brazilian, 89 ; and Mexican, Deterred. 16.
Dutch Two-and-a-Half per Cents. were 63 ; the Four
tletflenta.4,9o ; and the Neapolitan Five per Cents., 98.
The additioitsil tiltisteletena in Railway Shares have
been these :—Bristol and Gloneetter Were 4f to 3f ;
Great Western, 64 ; Ditto, Fifths, 14 ; Ilirteinsham,
117* ; South-restern, 34f ; Manchester and Leeds,
Halves, 20} ; Midland,7i; North British, 3i ; Northern
and ,ha terns 12 to 12f ; Norwich and Brandon, 4f 1 ;
Sheffield add tiftediti, kt South-Eastern, 4i ; Ditto,
New, 7 ; Trent Valley, 5 a ; York and North Midland,
Halves, 25f to 26 ; York and Selby, 461 to 47i ; Ditto,
Scarborough Branch, 211 ; Paris and Orleans, 20f ;
Paris and Rouen, 19 ; and Rouen and Havre, 10
prem. Bristol and Exeter have baen ; Blackwell.
91 ; raid Greetwieh, ak to 3 disc. Australasia Bank
Shares were 4 : and Union of Australia, 2 prem.
Voir, The Sun Of Lad Night.)
The Cotton Market at Liverpool was dull on Satur-
cliy. Sales 3,000 bales.—A fair business wilt done in
Shares, at about previous rates. Aberdeen, 2 ;
Bristol fold Olottcester, 35 ; Churnet Valley, 3} ;
Direct Northern, 465. Bd. I Eastern Counties Per-
petual, No. 2,20 s. ; Grand .Unction, 215 ; Ditto,
Eighths, 15i ; Hull and Selby, 70 ; Lancaster
and Preston, 46k ; Liverpool and Manchester,
New, 34 ; London and Birmingham Quarter Shares, 26;
London and Brighton, 471 ; Manchester. Bolton, and
Bury, 122} ; Manchester and Leeds, 114 ; North Union,
140 i ; Trent Valley, 7i- ; Lyons and Avignon, 545. ;
Orleans, Tours, and Bordeaux, 87s. I Boulogne and
Amiens, 78s. 6d.
If the following statement be correct, received
this
morning from New York, the holders of State Bonds a:f
in a very bad position :—" Since the departure of the
, last steamer there has been quite a decline in the quo-
tations for many of the State stocks, including some
of those now regularly paying the interest on their
j public debt. Indiana, Illinois, and Pennsylvania State
I stocks have fallen off very much, and a further decline
lin the market value of the stock of delinquent States
must be experienced. The election of Mr. Polk
1 settles the policy of the administration of the general
government for the next four years, and the principle of
distribution falls to the ground. The hope that many
entertained of the success of Mr. Clay, on account of this
principle alone, must now be abandoned, and the cre-
ditors of the delinquent States look to other sources for
the payment of their bonds. Every State must now
defend upon its own resources. Nothing can be ex-
pected from the general Government to aid them
to their financial difficulties. We cannot at present
see the slightest favourable indication in the movement
of the repudiating State*, calculated to afford the most
trifling hope to those interested in the regular payment
of the accruing interest on their large debts. So far as
the State of Illinois is concerned, the whole negotiation,
about which so much has been said, and so much time
and money consumed, is narrowed down to the decision
of the Legislature of the State in the coming winter."
The demand for British manufactured goods had ra-
ther improved. The balance of trade was against the
United States, and specie was ia demand for exportation
to Europe. The Cotton market was brisk. The Corn
trade was dull.

From Canada we learn that a great deal of interest
was taken in the result of the elections, which were all
but completed. Sir Charles Metcalfe would, it was fully
expected, have a full working majority to carry on his
Government. True it is that a few names are on the
list of returned members of a most doubtful and sus-
picious repute. Nevertheless it is to be hoped that the
general policy of Sir Charles may be carried on, as his
desire is to extend the prosperity, and to develope the
resources of the Canadas. The weather had set in very
severely.
There are accounts from Buenos Ayres to-day to the
7th September. It appears that conflicts were still in
progress with the Monte Videans, and that they have
in some instances the advantage, at least according to
their own accounts.
The Government brokers took about 15,0001. stock in
the New Three-and-a. Quarter per Cents. to day at 102*.
The market fur the Funds has fallen to some extent in
consequence of the news from the United States being
considered as rather unfavourable—the election of Mr.
Polk to the Presidency being held as against British in-
fluence. The prices of Consols for the Account this
morning has been 1001, and for transfer to-morrow,
1001 The premium on Exchequer Bills has risen
to 625.

In the Foreign Market a fair amount of business has
been transacted to-clay. Spanish Stock has scarcely
been so firm as it was, as it appears that the statement
of the capture of Zurbano has not been confirmed. Spa-
nish Bonds have been at 24, and the Three per Cents.
at 351 Dutch Four per Cents. have been taken at 97; the
Five per Cents at 99; Russian at 119 ; and Mexican at
35i In the other Foreign Bonds the variations have
been slight to-day.

In the Share Market more business has been effected
this morning. Prices are on the whole rather lower,
especially the Birmingham and Gloucester, the Bristol
and Exeter, the Churnet Valley, and some of the French
lines of railway.

PRICES OF BRITISH FUNDS AT ONE O'CLOCK.
(From the Official List.)
Bank Stock
3 per Cent. Reduced Annuities 99%
3 per Cent. Comols. Anna ' 100%4%
New 35( per Cent. Annuities 102%
India Bonds,1,000.• •••••••••••••••••••••••••••••••••••••
Ditto under
Console for Account
110
Exchequer Bills. 15(d. 15411
7. •••••••••••• 60 62 pm.
eo 61 pm.
•••••••••••••••••••••••••••• 00000 11••••••
Ditto 60 62 pm.
Ditte Advertised ••••• • 000000 •••••
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per 35%
Columbian Bonds. 00000 13%
• Mexican Bonds, 1237, 5 per Cent.
Ditto for the Account ••••••••••••••«•••••••••••••• 3 11.
Portuguese Bonds, 5 per Cent. ........
Ditto Converted

83
100%

Ditto for the Account ... ..... .............. 55
Russian Bonds, 1822, 5 per Cent ll9
Spanish Bonds, Five per Cent 1840 —
Ditto for the Account 24
Ditto Three per Cent.
Ditto for the Account
Dutch 2% per Cents —
Ditto 4 per Cent. Certificates 96% gy
Dutch 5 per Cents ......... .......... ...... ......
PRICES OF SHARES AT ONE O'CLOCK.
RAILWAYS. PAIL PER 'SRAM
Birmingham and Gloucester lOO ..... ... ,7.-
Bristol and Exeter 1 ......... ......... 70 .....«.. 69 to
Bristol and Gloucester 3O ..«..... St to
Cambridge and Lincoln ...... ..... 134..«..... 2k to
Chester and Holyhead 5 ..... .... 5%
Churner Valley .......... .............. 2 ..... .... 334%
Direct Northern '2 -
Eastern Counties ......„ .
25
Great Southern and Western] 5
2% to
(Ireland)
Great North of England. lOO 1183(
Ditto New ..................... 5
Great Western .......,_ ..... 75
London and Birmi.......ngham. lOO .......,218
Ditto New
London and Blackwall... ....... .... 16%
Londen and Brighton
London and Greenwich ......
London and Croydon ......... ...... 13% ...... 164%
London and York 234... ..... . 3% ...... to
Manchester and Leeds '7o ll3 -
Ditto % Shares 3O .. 4934
Birmingham asid Derby ......... 100
Newcastle and Darlington Junct. 21 ... ...... 50% 51% to 52
York and North Midland ......... 50 ........ltri%
Ditto l 5hare5........ ............ 25
Ditto Extension —
Boulogne and Amiens 9 ...... .. 3% ..... to; 4
Orleans and Vierzon
Orleans and Bourdeaux ...... ... 1
Paris and Orleans 2O ........ 404 - ... to 40
Parisana Rouen."... .....
PRICES OF IRISH STOCKS, Nov. 23,

per Cent. Consols —
Three and a Quarter Stock....
Ditto New, 1130
3% per Cent. Debentures —
Lo g Annuities
Bank Stock
Grand Canal Debentures, 6 per Cent
Royal Canal Stock
4 per Ccnt. Ballast Office Debentures
4 per Cent City Debentures ... ... .........
Kingstown Railway Debentures —
LAST PRICES OF SHARES
RAILWAYS. PAID. PER SHARE.
Dublin and K. Railway
Drogheda Ditto...
Great Southern and Western 5
Dublin and Cashel ditto
Dublin and Belfast Junction ..... ..... 2S
Athlone Railway 2%
Hibernian Bank 25%
Royal Bank
National Insurance
Patriotic ditto
Mining Company of Ireland...
Wicklow Copper Mines
City of Dublin Steam Company
Steam Ship Building Company ...... 50
Dab!, Ditto 5O
Ditto Difto, 1836 .... ........ .. 50
British and Irish Steam Company ... 50
Limerick Extension Railway

MANCHESTER STOCK EXCHANGE, Nov. 23.—We
have had a quiet market, and stock has been much more
freely offered. Burnley and Accrington, 21 ; Churnet
Valley, 3i ; Kendal and Windermere, 34 ; Manchester
and Leeds, Half Shares, 494 ; Manchester and Birming-
ham, 50i ; London, Worcester, Oxford, and Rugby, 11/3.;
Sheffield and Manchester, 97 ; South• Eastern, new cre-
ation, 7 7-16 prem.; Sheffield and Lincoln, 111 ; West
Yorkshire, 71 I.
CLOSING PRICES.
BRITISH FUNDS.

Rank Stock ...... ......ex dlv 2115%
3 per Cent. Red 99%
3 per Cent. Cone
9% per Cent. Red
New 3% per Cent 1021.4
New 5 per Cent. ........
Long Annuities to expire
Jan. 1860
Oct. 1859
Jan.
Indian Stock
FOREIGI,

Austrian, 5 per Cent —
Belgian, 5 per Cent
Brazilian Bonds ........ gg
Buenos Ayres, 6 per Cent —
Cuba Bonds, 6 per Cent —
Chllian, I; per Cent
Colombian, 6 per Cent
Danish, 3 per Cent
Oreek, 181:5, 5 per Cent
•Mezican, 5 per Cent
Neapolitan Bonds,s perCt 9B
Prussian Bonds, 4 per Cent —
Peruvian Bonds, 6 per Ct —
Portuguese Bonds, 5 per Ct
SH

Bristol and Exeter (70 paid),
Bristol and Gloucester, :30
Great Westr- 75 paid)

Ditto Bonds £l,OOO pm,
, Ditto under £l,OOO B3 pm.
South Sea Stock
Ditto Old Annuities
Ditto New Annuities.,,
Ex. Bills, 1,0001. %d 62 pm.
Ditto 5001.
Ditto 5ma11.....,,....,., 62 pm
Bank Stock for Acct
Consols for Act
India Stock for Acct
FUNDS.
Russian 5 per Cent., ~....
Ditto, Metallic
Spanish, 5 per Cent., 1840.., 21
ditto, 1841 .........
Ditto, 1842
Ditto, 1843. .....
Ditto, 1841
Ditto, 3 per Cent 35
Venezuela Bonds, 2 per Ct —
French, 5 per Cent.,...... c.
French, 3 per C0nt..... —f.
Exchange
Dutch, 2% per Cent 63
thtto,.s per Cent 82%
RES.
FOi
aid
138

.tern (75 paid)
Ditto Filth,, 12 paid

London and Birmingham (§t

London and Blackw"all (1f;1,

:ock) ,

----
2iiYi

13s. 4d.)

London and Greenwich (let. VA. 4d. paid)
9%
London and South Western (411. 6s. 10d. paid)
Manchester and Leeds (70 paid) -
Ditto, Half Shares, 30 paid
Midland (100 paid) .......................... - 1073 y 1073 y
North British, 5 paid
Northern and Eastern (45 paid)
Norwich and Brandon, 6 paid
Sheffield and Lincoln hire, 1 paid
South Eastern and Dover (33 2s 4cl paid)
Ditto, New Shares, 4 paid ll
Trent Valley, 2 paid 7h
York and North Midland (50 paid) _ .
Ditto Half Shares (25 paid)
Ditto Scarboro' Branch, 10 paid
Ditto, Selby Scrip, 20 paid 67%
Ditto Extension
Paris and Orleans (20 paid) ..... 40t4
Paris and Rouen. 20 paid ••••••••••••••••••••••••••••••••• 39
BMA and Havre 10 paidmiluis i ..... .... ~,,, WA