The Sun.
London, England, 1845-12-24 00:00:00

- The- recommendation of the " Constitutional Trev
sury," which shall keep the pubic money without slif.
power to make loans or discounts, or to issue a Pape
currency, shows that the Sub Treasury Bejleate br.°ll6„„
ineo orratiqn by the DearocanCs, and subsecuautiy 6z,
pealed by the Whips, is again, in priociple et least,
be adopted, if the President's advice be acted on. be
By the financial statement made in anticipation or the
.
Secretary of the Treasury's report, it appears that we
receipts during the fiscal year ending the 13th of Jun
last were 29,769,133 dolls. 56c., and the expenditures.
29,968,206 dolls. 98c., including 8,588,157 dolls. 620.,
plied to the payment of the public debt.

a RAILWAY SCALE OF MANNERS.—We ften have -1.,
, been struck with the difference of manner assumed by ILl'd
way officials towards different people. Shut your eyes, '"-re
you can tell from the tone of their voices whom they ar
addressing. The following examples will best illustrate ..
meaning. The railway potentate is calling upon the ItA
sengers to get their tickets ready. He calls :—to the Th;tj,
Cass (flortissiino "Tickets, tickets; come, get r
tickets ready. "
—To the Second Class (furls) : " Ticfleos
gents.; get your tickets ready, gents."—To the First 4,
(piano) : " Get your tickets ready, gentlemen, if you Please'
tickets ready, if you please, gentlemen."—Punch.
A CAPITAL SrEc.--A great deal of money allo
be made by taking extensive premises in the City assoup'
rooms, and selling nothing but the Norfolk Soup At
pence a basin. A pinch of curry costs about a farthing, ";,1
as hot water may be had for almost nothing, the profit t.
every basin of Noifolk Soup would be at least 150 per Cen,,o
This seems a more promising undertaking just now than a'
the Railway.--Punch.
EXTRAORDINARY BIRTHS AND EXTREME POYE3rf;
—On Tuesday last, a poor woman named Guest, living
No. 4, Foreman's-buildings, Wilson-street, Finsbury, wasb
delivered of three children viz., two girls and one boy' ,Ye
the parish doctor, a Mr. of Paul-street. It seems
husband is a shoemaker out of employment, and, having
parted with most of his furniture, they have not a bedstel.
flneigte
bed, or any decent article for use. Some of their poor
hours are aiding them by their pittances, but their stet
requires more enlarged aid in this critical period. g'
Loosely, butcher, Long-alley, will be glad to receive subscrir
tions.

Edward Cane, Esq., has been appointed Special
Commissioner of the property-tax in the room of Charles
Ross, Esq., appointed to the death-vacancy of &Commissioner
of Customs.

'.
On the 18th of October,BlßTHS
at Colombo, Ceylon, the wife of
the Rev. J. D. Balm, of a son.
On the 21st inst., at Monument Cottage, Edgbasten, the
lady of T. W. Belles, Esq., of a eon.
On tke 21st inst., at Bedford-place, the lady of T. P.
_Hallett, Esq., of a child, still-born.
Oa the 21st inst., at the Vicarage, Crowle, Lincolnshire,
the lady of the Rev. W. Duncombe, of a daughter.
On the 21st inst., the lady of William Carr, Esq., of Thirst
Cottage, Blackheath-park, Kent, of a son.
On the 21st inst., at Chigwell, Mrs. G. Burford, of a son.
On the 22d inst., at Camden-town, Mrs. Pinder, of s
daughter.
On the 22d inst., at the Royal-crescent, Notting-hill, the
lady of John Fenton, Esq., of a daughter.
On the 23d inst., at Abbey-road, St. John's-wood, the lad,'
of Henry Darley, Esq., of a son.
On the 23d inst., at Clapham-common, the lady of John C.
Andrew, Esq., of a daughter.

MARRIED.
On the 19th inst., at Tintagel, Cornwall, Charles Robert
Bree, Esq., to Frances, eldest daughter of Sir Augustus
Brydges Henniker, Bart., of Plashwood, near Stowmarket,
Suffolk, and of Newton Hall, in the county of Essex,
On the 16th inst., at Bandinan House, Perthshire, Henri
Smyth Pigott, Esq., of the Royal Scots Greys, to Elizabeth,
third daughter of J. D. Nairne, of Dunsinane.

DIED.
On the sth inst., at Vevey, Switzerland, John Baker, Es+
On the 17th inst., at South-parade, Wakefield, Yorkshire,
W. Haffrison, Esq, aged 80.
On the 15th itut„ the Rev. John Brown, M.A., Vicar of St.
Mary's Leicester.
On the 18th inst., at Twyfbrd, near Winchester, WHilara
Beckley Roberts, son of Major-General H. Roberts,
On the 20th inst., at Judd-place East, New-road, ?lire.
Cecilia Dolan, aged 49.
On the 20th inst., in Blandford-square, Halliday Lidder-
dale, Esq., M.D.

London: Printed and Published by AIURDO YOUNG, of
No. 112, Strand, Printer, at The Sun Offige, No. 112,
Strand, in the Preeind of the Savoy, in the Count" of
warm; Wodrmao, Potosi 24 nu

L;:a"'

has for years been slowly, but surely, receding, "Li°
noxious dew," I hope you will give my remarks a put
in your columns. They will there certainly meet
eyes of the people—they will show something like:
a
average value of the protection principle and its tale)
advocates—and they may induce the satirists ~
...L.
League to award to Mr. Robert Everard a niche in 101
temple of public ridicule beside the Duke of Cure
powder and Professor Mangle-v.uizie.
I am, Sir, your constant reader, and a subscriber
the League, although
A TENANT FARAIEB•
Stamford, Lincolnshire, Dec. 22, 1845.

MONEY MARKET and CITY NEWS'
CITY, TUESDAY Evefrafragel
TIMES.—It will be seen that, notwithstanding the
warlike tone of the American President's messagetwi
Funds have risen to-day. The market, however, is is s
complex position, which renders it a very imperfect tesof
of the general feeling on this subject. Sales, not only
English, but of foreign stocks, railway, and other se:
curities, of all kinds, have been proceeding systeOW
cally for five or six weeks past ; and, as a very Isrg
proportion of these were speculative sales, or sales ins
with the intention of reinvesting at a lower price, thetl
is found suddenly a scarcity of the article when velar
for delivery or for re-purchase. The return of Sir:a
q i
Peel to power seems so exclusively to have ocoeit
the attention of capitalists as to have prevented te
thinking of anything else, and a more agreeable fee
ing on the score of public credit has been diffused %
observing that the late abstraction of bullion from
Bank of England has arisen, not through its export
lion to the continent, but for a domestic purpose-4y,
supply of the Scotch nod Irish bank.of ahit"
tht.z e has never ben any teal scarcity, is now offered
a: confidence returns, more freely on ell sides ; and
all Are for the moment more. inclined to buy public, e:h.
CUrltit-,.z than to sell them, they follow the course Hb
is usual, noder such circumstances, to all markets. 1"
full effect of tike doubtful relations which have arisen be'
tween ;this couti:ry and America will probably not
seen until the message has been read and considered
amopg capitalists generally. For the present the me"
state of the market, as above described, prevents any re'
action.
The position of the English securities continues es'
ceedingly promising for the spee.nlators who have °PI
rated fur the rise. The advance in Consols was 110°
one per cent. on the actual bargains of the day.
In the Foreign Market prices wece well suPPurted;
The announcement from Messrs. Baring: of the susPe'"
sion of the remittances by the Buenos Ayrean Govern'
ment on account of the dividends of that stock cane
no alteration in its value. Spanish was steady, as wad
also Mexican.
There was not much business transacted in the Foreign
Exchanges to-day. The rates for bills upon Amsterdam'
Paris, Vienna, and Trieste, were rather higher than PIP
post. Hamburgh remained about the same.
The premium on gold at Paris is 11 per
which, at the English Mint price of 31. 17s. 10id•
ounce for standard gold, gives an exchange of 4
43 ; and the exchange at Paris on London at Ebel,
being 25 57/, it follows that gold is 0.57 per cent
dearer in London than in Paris.
By advices from Hamburgh the price of gold is 433/
per mark, which, at the English Mint price of 3/.175. 13i9p.
yes ounce fur stendayd gold, gives; an exclange of 13, Ts
mud the ewbange ad liarnbuygh on London at 0"
_...°
being 13 101, it follows that gold is 0.69 per cent dew
in London than in Hamburgh.
One of the morning papers in citing the will of th,ei.
late Mr. Irving, the head of the firm Reid, Irving, ener
Co., has described his personal property as sworn nod
30,000/. ; the real amount, however, should have bte,en..
300,0001. Of the large estates, which he was So w.
known to possess, no mention is of course made in tilltiPti
out probate of the will.
The President's message, irrespective of that port
which relates fro the Oregon territory, and which isle
or less important so all classes of readers, contaitli
greater number of topics interesting to the corerae__„
and monetary circles of London than any similar do"'
merit ;hat has appeared for several years.
as it
The declaration respecting the tariff is, as far
,;0
goes, thought satisfactory, since it shows a disposub,
to a more liberal policy than that represented by
tariff of 1842. The illustration of what is meant byy
revenue duty, as distinguished from a protective
considered so clear and well put as to be worth quotie_go
" It becomes important to understand distinctly 7.,„h
is meant by o revenue standard, the maximum of Ins
should not be exceeded in the rates of duty imposed' be
is conceded, and experience proves, that duties esii„..
laid so high as to diminish or prohibit altogether the re
portation of any given article, and thereby lessen cr de,
stroy the revenue which, at lower rates, would be the
rived from its importation. Such duties exceed
701,
revenue rates, and are not imposed to raise rnoneYdiity
the support of Government. If Congress levy gi
tn.°.
for revenue of 1 per cent. on a given article, it will Irifill
duce a given amount of money to the treasury, 813_1- ote
incidentally and necessarily afford protection or au fori
;age to the amount of 1 per cent, to the home lee°t/ If
turer of a similar or like article over the importer. •
the duty be raised to 10 per cent., it will prods !ele !ote
greater amount of money, and afford greater proteito
If it be still raised to 20, or 25, or 30 per cent.,,bo
it; as it is raised, the revenue derived from it is found wip,
increased, the protection or advantage will also fox
creased ; hut if it be raised to 31 per cent., and it is 3O
that the revenue produced at that rate is less thata.
per cent., it ceases to be a revenue duty. The Pr7er
point in the ascending scale of duties at which it is ijf
tained from experience that the revenue is greater,
the maximum rate of duty which can be laid for they":
fide purpose of collecting money for the support of
''';„°.t,
vernment. To raise the duties higher than that
and thereby diminish the amount collected, is to le%
them for protection merely, and not for revenue.
long, then, as Congress may gradually increase the ro;
of duty on a given article, and the revenue is increase
by such increase of duty, they aro within the revenue
standard. When they go beyond that d
poiminitn,iasnhde,d ase
rthe
increase the duties, the revenue de-
stroyed, the act ceases to have forbiutst
of money to support Government,
merely." otbsjefcautr
Mr. Polk explains that the raising
to levy the
above definition that Congress is always
0,
highest duty which articles will bear. The adoption ;
does not follow from the
the revenue standard therefore, will still leave open..
wide margin, so that the exact principle of future mode'
fications remains undetermined. Indeed, throughoutf
the whole of this portion of the Message, a great deal
_u_
caution has been noticed, as though the President were
unwilling to compromise himself with either of the two
great parties of the States.