The Sun.
London, England, 1826-03-01 00:00:00

[TIII; PUBLIC r.rnavn.l

rite Bank Charter Bill was read a third timo
the Lords last night, and sent to the Com-
mons. Numerous Petitions were presented by
Lord King, complaining of that job of jobs, as
the Noble Lord emphatically terms it, the exist-
ing Corn Laws. On presenting these petitions,
the Noble Lord declared his opinion that the
supporters of the present system were the op.
pressers of the lower classes of the People. Lord
Lauderdale contended that the charge of oppres-
sion ought not to rest 01)011 the supporters of the
Corn Laws, but opon 'those individuals who in•
sisted on their debtors making payments in gold,
when gold could not be obtained but at consider-
able loss. It tens also urged. by several Noble
Lords, that as at the present season the question
could not be entertained, these constant discus-
sions could have no other effect than to irritate
the public mind, and therefore had better be
abstained from. Lord King however declared
his determination to discuss the subject on every
opportunity, however disagreeable it might be to
those whose sentiments and opinions differed
from his.—ln the Commons, a conversation,
highly interesting to the Public, took place, aris.
ing out of a question put by Mr. T. Wilson. In
reply to the Honourable Member's question, the
Chancellor of the Exchequer stated, that a com-
munication had taken place between Government
and the Bank. The Bank, it appeared, has li-
berally consented to depart from their usual
course, and to make advances upon goods to the
amount of 3,000,0001. ; and to facilitate (lie car-
rying this plan of relief into effect, Mr. Ilus-
kisson will introduce a 13111, relative to the new
Law of Merchant'i and Factors. ft appeared
that the object of the Bank in consenting to come
forward in the hour of need is not confined
to the Metropolis, but is to be extended
to the different Manufacturing districts. It
does not appear to be in the contemplation of
Government to bear the Bunk harmless through
all cases of loss, though the accelerating the ope-
tion of the new law of Merchant and Factor
will have the effect of placing the estnblishment
in comparative security. This communication, as
far as the Bank is concerned, appeared to give
satisfaction. Mr. Wilson expressed his readiness
to withdraw his motion on the subject, and de-
clared his opinion, that this relief, though It came
tardily, would be round most milicaciuus us far
as it. went. Mr. Tierney gave the Bank full
credit for what they had done, but, at the
same time declared his opiniou that an issue
of Exchequer Bills would have done much more
towards restoring confidence to the country. The
Right lion. Member was supported in the view
which he took of the subject, by Sir F. Burdett.
By the public, however, judging from the effect
which its bare anticipation produced last night
in the City, we are persuaded It will be received
as a boon of considerable importance, and, we
trUst, will be productive of the happiest results.

DitOitNINU 111;11.ALDa
The Editer of the Glasgozi Chronicle nttributes
Cite present depressettate,of the power loom

and other manufacturing establishments of alas.
gow to the diminution of the currency. But the
Editor of that respectable Journal ought to know,
that the reason, for the present falling off is be-
cause, when in full work,, the power and other
looms produce such a redundancy of goods, that
we ought to be able to trade with the planetary
system, in order to carry off such redundancy pro-
duced by machinery. But to enable the Editor to
prove the truth of our assertion, let him print,
in any ow week, ten or one hundred times
his usual number of Glasgow Chronicles,
and then let him ascertain what would be the
result. If cotton, linen, silk, and woollen
manufacturers, by machinery, make ten or one
hundred times as many goods as there are
customers for, will not such manufacturers
have them on hand, precisely on the same prin-
ciple that the Editor of the Glasgow Chronicle,
would his Chronicles, if he were to produce
more than his customers could take off. The
redundancy or scarcity of medium has little
or nothing to do with the slackness or brisk-
Hess of the Glasgow' steam loom, and other me-
chanical contrivances for overloading markets.--
If the creators of goods would agree to stop
three-fourths of their mills, the Editor of the
Glasgow Chronicle would soon see the operatives
in full employ, notwithstanding any real or sup-
posed scarcity of medium. Over-manufacturing is
the only cause for the manufacturing districts of
England, Ireland, and Scotland being in such a
distressed and disturbed state. ‘Vould the Editor of
the Glasgow Chronicle have the Bank of England
and the Scotch Bunks keep pace with the manu-
facturers in the production of Bank notes in an
equal proportion to the production 'of goods ?
13ecause, if lie would, the Bank of England and
(hobo of Scotland, by means of their machines,
moved by steam, could produce notes as fast, if
not faster, than the manufacturers' steam looms
could produce goods.