The Sun.
London, England, 1842-10-01 00:00:00

•
bit.* 42'1 iffy'

THE FUNDS-(C]
BRITISH

,USING PRICES
FUNDS.

Bank Stock
3 per Cent. Red. .. —
3 per Cent. Cons....
3} per Cent. Red ...
New 311 per Cent... ...... 100 i
w 5 per Ceni, .....
Long Annuities to expire
Jan. 1860 .........
Oct. 1859
Jan. 1860 ,
FOREIG
Austrian, 5 per cent....
Belgian, 5 per cent
Brazilian Bonds —
Buenos Ayres6 per cent 2li
(.hilian, 6 per cent
Colombian, 6 per cent —
, Ditto 1424
Cuba Bonds, 6 per cent BO
Danish, 3 per cent
Greek, 1825, 5 per cent —
Mexican, 5 per cent 32i
Ditto, 6 per cent. 1837
Peruvian, 1825, 6 per ct.
SHARES.
Edinburgh and Glasgow (50 paid) ...... 47
Great Western, (65 paid)
Ditto New Shares (50 paid)... ......... 59!
Ditto Fifths ( 4 paid).......... 7i
Grand Junction (100 paid) ... 172
London and Brighton (50 paid)

India Stock 2471 pm
Ditto Bonds
Ditto Old Annuities
Ditto New Annuities —
Ex. Bills, 1,000/....2d 4B pm
Ditto 500/ 5O pm
Ditto Small .....
Bank Stock for Acct.
India Stock for Acct...

iConsols for Acct....... 93
FUNDS.
Portuguese, 5 per cent.
Ditto, New Ditto 35.
Prussian, 5 per cent.
Russian, 5 pm cent....,.
Ditto, Metallic . .

Spanish, 5 per cent lb,
Ditto, Deferred.... .

French, 5 per cent. —f. —e.
Exchange —f —c.
French, 3 per cent —f. —c.
Dutch, 2i per cent.
Ditto, 5 per cent. ..

Ditto Loan-Notes.(l6 paid) .. ...... ... 101
London and Black wall ( paid) ........... 61
London and BirminghaT (90) ...... ... ...
Ditto Thirds (32 paid)
Northern and Eastern (45 paid)
Paris and Rouen (18 paid)
South Eastern and Dover (50 paid)... 23
Ditto Scrip (15 paid)
York and North Midland (50 paid)
Ditto New Shares (20 paid) ... 361

SPIRIT- of the PUBLIC JOURNALS.
FROM. THE EVENING PAPERS OF THIS DAY.
.GLOBE.—The TVestminster Review has a
Postcript, taking curiously wavering views of the
Corn-laws, and demonstrating nothing, as it ap-
pears to us, but that disposition to find fault with
both parties, which is apt to make those who in-
dulge it contradict themselves as impartially as
others. We are sorry to have to citicise this tail
to our trimestrial friend's pertbrinances; as the
Review contains a very good article on the Corn-
laws, as -connected with the late disturbance:,
which we are led by the initials subscribed to it to
affiliate on Mr. W. R. Greg. The Postscriber to
the WestminsterisdisposeSto think the new Corn-
law worse, and Lord John Russell's pro-
ject, no better than the old Corn-law. His
reasons fbr arriving at these conclusions seem to
us very indifferent. It is no business of ours to
take up the cudgels for the Peel Corn-law; and
the Russell project was rashly shelved by those
who may not have so good an offer again. It is
not the Reviewer's practical conclusions that we
care so much to question, as his want ofperc ep-
tion, as it appears to us, of the principles
which must govern all reasoning on the sub-
ject. The Reviewer spends much good indigna-
tion on the fact of the revenue having gained
a million from corn this year; and appears to
infer that the consumer has therefbre• been taxed
more highly fbr his food than he was last year,
when so much of the supply came in at the one
shilling duty ; and. considerably less than half
the contribution of this year came to the trea-
sury. With this notion in the Reviewer's mind,
it is not wonderful that he thinks no improve-
ment would have been made by the substitution
of an Bs. duty for the scale of the old law.
But is this notion a correct one? Is there com-
mon sense in regarding the shilling duty as all
that the consumer paid last year beyond the
natural price ? Is it allowable to conclude that
all the revenue gains this year is so much out of
the pockets of the consumer, owing to the
new law ? We do not enter on the question
whether any duty on food is desirable. The
answer to it must depend on whether there
is such a weight of taxation in this country,
pressing upon the cultivator of the soil, as to en-
title him to be placed on an equal position with
his foreign, competitor by extending taxation to
imports from the latter. That is a question we
do not now undertake to answer. But it is an-
other question, whether the domestic cultivator
is entitled to more than this. The sliding-scale
is meant to answer that question practically in
the affirmative. It is meant to do more than lay
equal weights on foreign imports on home pro-
duction. It is meant to do more than counter-
balance the assumed disadvantage of the home
cultivatOr. It is meant not to place competition
on fair terms, but to baffle and exclude it, as fin-
as possible.• It is intended to prevent the corn
trade being carried on as a regular branch of
commerce. The fixed duty is intended, and cal-
culated, to make the corn trade as open as any
other.-
STANDARD.--The Leaguers have derived
this advantage from the attitude of hostility to
all the interests of the country not directly con-
nected with themselves, which they have as-
sumed—the advantage that all animadversion
upon . their system and practice assumes the
character of mere recrimination. If for the sake
of the labouring classes we prosecute an inquiry
into the treatment of labourers in manufactures,
as well as other labourers, we are accordingly
met with the reproach that we are anti-manu-
facturers, enemies to machinery, blasphemers of
the sacred principle of the economists, that " the
affitirs of commerce must be left to regulate
themselves." We are not, however, anti-
manufacturers, or enemies to machinery
and, if we impugn the principle that
commerce consecrates whatever it touches,
we might ask the manufacturers of Birmingham,
Manchester, arid Glasgow, at this moment,
whether they are quite satisfied that the Stab,
shall take no notice of the American Tariff, but
leave the thing to adjust itself? The truth is,
that
between
theet
ateeiri)dsfallacious
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ylater
tc.ti principlebetween
nationqu t ed a can
and
never
cination, be
admitted,
or
e
tlTearnn
,erowyitohrouthte placingstrong;
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what the consequence must be every one is able
to judge fbr himself. Uncontrolled power in the
hands of human beings is sure to be abused. The
Christian is sensible of this, from the knowledge
of " man's heart;" but it is not known to the
Christian only—the wisest of Pagans and Infidels
have arrived at the same conclusion. Aristotle
says, that a man will he unjust in nine
.cases
out of ten when he has the opportunity ; ar d
David Hume confesses, that in legislating for
mankind it is necessary to assume that.all will
be rogues and villains if the license to be such is
allowed to them. If, then, we show from evi-
dence not to be disputed that the master manu-
facturers have the power to act with cruelty and
injustice to their labourers, and have at the same
time a motive for acting so, let us not be charged
with enmity to those persons, even though their
conduct in other respects might seem to justify
resentment. We merely point to a case of the
operation of the evil principle in our common na-
ture— a" cases ornissus" in our legislation. Re-
garding the evidence given before Mr. Ferrand's
Committee in this light, the inquiry is relieved
at once of the odium of personal or party war-
:are; and it is cleared, too, of the perplex-
ity in which it has been involved by introduc-
ing the consideration of the truck system in
the island of Portland and in the agricultural
districts. Let the question be, have the labourerS
in manuflictures sufficient protection against that
cupidity on the part of their employers, which
cupidity is a common fault with all men in a
condition to indulge it? and, on the one part, the
non
millowners will not be made the object of any
specialcensure;
einthe
on the
manu-
facturing districts, will only add further light to
the subject: for if protected, as they are in some
agricultural other,or the
other oppressions
degree by the employer's apprehensions of an
increase of poor-rates, even under the present
wretched poor-law, and by the usage if not law,
of annual hiring in husbandry, the agricultural