The Sun.
London, England, 1827-11-10 00:00:00

SPIRIT OF TU PUBLIC JOURNALS.

It is now understood that Lotd Stowell's-in-
tention to retire from the fatigues of his high
judicial situation at the,Court of Admiralty, will
be executed. We know not whether his Lord-
ship may have had the celebrated example of
the Archbishop of Granada before his eyes, but
he has certainly not suffered himself to fall into
that prelate's situation ; for few judginents of
his younger days were more clear than that given
this week, in the case of the slave Grace, though
his Lordship was obliged to use the physical 'organs
—the eyes and voiceof another. y To himself
and his brother, Nature has been extremely in-
dulgent : they have' also cultivated her gifts se-
dulously, and relied with confidence to a late
period on her undiminished support and favour.
Towards the conclusion of that judgment, his
Lordship remarked upon the talent and energy
exerted by Dr. Lushington..in support. of the
cause of which he Was the advocate. "It can-
not be denied," said (or rather wrote) his Lord-
ship, " that cases have been mentioned by Dr.
Lushington, I know not to what extent they
prevail, but in any extent they are cases which
must excite the sympathy of every considerate
man, and call for remedy to be administered by
the mother country, if it be not supplied by the
colony itself." We hear, however, that before
application shall be made either to the Imperial
or ,Colonial Parliament, an attempt will be made
to reverse the judgment by an appeal.--Times.

We -observe that the Recorder yesterday gave
the late Lord Mayor credit for the :proceedings
against Taylor. That these proceedings should
be warmly eulogized by the Recorder was to be
expected. Laudarz a laudato viro, is of course
quite in point in this case ; and the praise of
him who has acquired such laurels of late, by his
improvements on the Twelve Judges and the
learned Phillips, in matters of evidence, and who
cut so adMirable a figure in the Meeting of the
Court of Aldermen, on account of the judg-
ment and temper he displayed in his commerce
wtth Mr. Sheriff Farebrother, must of course
Alderman Brown with inexpressible delight.
Who would not be. Alderman BrOwn, to be so
bepraised by Recorder Knowlys ? It is curious
enough, that tkere is hardly a newspaper in the
enjoyment of public regard throughout the island
which has not condemned the prosecution in
question as objectionable both in principle and
in policy. If opinions of a dangerous tendency
are to be repressed by the pains of law, we open
a door to persecution, and sanction the principle
of the Inquisition. Men of enlarged minds will
never sanction proceedings which involve the
principle of combating opinion by any other
means than reason. But Mr. Recorder, no
doubt, thinks that lie and Mr. Alderman Brown
are the very props of the Christian Religion, for
he talks with a tone of protection of " our
Blessed Saviour." He reminds one very much
of one of those officious persons who are con-
4stantly thrusting themselves on great men, and
who endeavour to make themselves of conse-
uence by finding out individuals who have been
deficient in respect, or deference,_ or obedience
towards them, and offer their services in order to
:indicate their offended dignity, But why do
we occupy ourselves with such men as the
Recorder or Alderman Brown ? Morning
Chronicle.

The Catholic Bar of Ireland, as they choose to
call themselveS, must be the most ridiculously
self-important _people upon earth to make their
attendance or non-attendance to the levee of the
new Lord Chancellor a matter worth a moment's
writing or talking about. But so it is—and we
are told, with the most ludicrous mock solem-
nity, that Mr. O'Connell and the other' spouters
of the Association, after grave consideration,.ac-
tually determined to honour his Lordship's
drawing-room with their wigged presence. The
very raising a question upon the subject shows
Cite cloven foot, and the hostility with which they
are ready to assail the new Law Chief as soon
as they can find or invent so much as a shadow
of excuse for so doing. Yet these are the people
who profess.to preach up conciliation, and wish
to heal, as they express it, the wounds of past
misgovernment. They profess, forsooth, to be
scandalised at seeing an Eitglish lawyer placed
at their head. If Irishmen were excluded from
office in England, there might be some excuse
for ,this spirit of nationality—a spirit, by-the-by,
wliiGh speaks but little for that liberalism of which
the Irish orators make so much boast. But sup-
pose-they had declined attending the
it have bee Chancellorn,'s
levee, of what consequence. would
or who besides themselves would 'have cared one
farthing about it ? It would, to be sure, have been
a gratuitous insult offered to a per4on who could
have given there no offence,and, as such,would have
marked pretty intelligibly the wisdom, the spirit,
and the discretion of those who hold themselves
up as models of all those qualities. Really eon
is tired of incessantly, seeing people standing in
their own light, and in the light of those whose
interests they profess to have at heart. OP this
occasion, the very agitation of the question is ktii,
surd, senseless, and contradictory in the extreme.
Their complaint against Lord Manners was,
(whether well grounded or not we do not stop
to inquire) that he was a political jute; Now
we admit that such, if it were the case, was an
evil. But is it the absence of political feeling
abstractedly that they wish for ? No ; provided
they could have a Chancellor of their own poll-
mics,, they care not how red hot his zeal may be.
Sir Anthony Hart's life has been so wholly pro-
fessional, that his political. leanings, if he has
Ally, are scarcely:known to,his nearest ,eonnec-
/ions; He is evidently sent there with no.poli.
Lica.' bias or object ;and in that respect, indepen- 1
(lend, of his professional attainments, is just the
sort of paw)) who, if the Catholic Bar were
sincere, they would wish to see on tha Wool-
sack. Yet what is the first proof they give of
this sincerity but to debate, m solemn conclave,
whether they shall begin by offering this learned
person a marked slight and indignotity, m 4 okig
vast merit to themselves for n doing so?
Though the new Lord Chancellor has, we dare
more urbanity and good sense than to mark
this conduct, it will not fail, we itosine, to put
him on his guard against the deceptive qualities
of people, who, in the spirit attributed to the
worst class of their countrymen, in some of our
old comedies, would rather pick the most ground-
less (panel than have no quarrel at all.—MOr);•-
ing 'Herald.

The new Lord Mayor gave leis inauguration
dinner yesterday, and every thing appears to have
been conducted on a scale worthy of the splen-
dour of the City of London. The company too
was of a highly Arairacter, and the
cross table; was— `''''' ' 't,Tvl7.--resence of his
11.4al nig* p- r• ~
' ace, and his
Grace ;fP",,:ik
st c
- IA . !.,•-rfp --- ~-. ,• 4, .`gip - r
ing to -.4
ii.,ftlis gratify-
pf Engliiiikennkkl ' tlie 'Throne
- --:- t • l ''4.aiiil patriotic
41.4.44,43"''''
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-1),,,i,y) .14,/zi

Warrior of the age paving 'such a tribute to in-
tegrity and worth. The present Lord Mayor, is
precisely one of those men who have a right to
entertain and. to express - their opinion on public
characters. Enriched by his own talent, Indus-
tiy, and integrity, he has not only a large stake
in the prosperity of the country, but he may
fairly be supposed to be able to appreciate the
merits of the different candidates for public fame.
The admiration he entertains for the illustrious-
Wellington may readily be conceived from the
few but ardent remarks he made respecting his,
great services. The remembrance of the citizens
of London (we mean in the genuine acceptation
of the phrase) entertain of those services, was
also pointedly tyinced on this occasion. No
sooner was it known that his Grace would be
present than hundreds expressed the utmost
anxiety to see. him ; when his name was an-
nounced the immense hall rung with affectionate
applause ; and when his health was proposed, it
acted with almost talismanic influence. The
tribute of admiration was genuine, and not to be
purchased.- Did the Duke of Wellington pos-
sess no extraordinary talents but those which
rescued Europe, and have hitherto made him in-
vincible in the field, great would be his claims
on the gratitude of England ; but happily this is
not the case, for in the cabinet of peace, as well
as in the tent of war, his superior genius is still
" A tower of strength which th' adverse faction want."

-Morning Post.

We give, in another column, the prospectus
of a new Bank, an imperfect copy of which has •
been privately circulated for several days, and has,
in fact, been somewhat prematurely published by
several of our contemporaries. That which we
are enabled to present, it will be seen, differs in
many particulars from that which has appeared ;
and containing, as it does, not the first crude
thoughts, but the deliberate expression of its
authors' views, affords a fairer and more legiti-
mate subject for criticism. . From its anonymous
character, it is impossible to say what portion of
the capitalists in town or country mean to give
the plan their support. Neither can we be cer-
tain, for the same reason; whether this be the in-
tended establishment to which we' already al-
luded. Although, in the absence of any other
candidate for public patronage, we are perhaps
justified in concluding that it' is. It is not our
purpose to enter into a detailed examination of the
scheme, some of the positions of which we con-
sider to be hastily,' and some ignorantly assumed.
The prospectus sets out with professing its object
to be to give a solid provincial currency to the
country; yet, throughout the whole of it, there is
an attempt to hold up the present race of coun-
try bankers, as not only injured, but ilkised by
the Bank of England branch banks. We
profess we dO not understand, if a solid pro-
vincial currency be a desideratum, why an
attempt to give it to the country should be mat-
ter of blame in the established, and matter of
praise, in theprojected Bank. The assumption,
that loans to Government, or advances on mort-
gages,' can ever produce an excess of currency,
betrays ignorance of the first principles by which
the circulating. medium is regulated. It seems
to be the opinion of the authors of the pros-
pectus, that when Government, or an individual,
obtains a loan from :the Bank, the latter has
only to set its steam engines and branch stampers
to work, fabricate four or five millions of notes,
and hand them over to the Chancellor of the
Exchequer, or the thriftless landholder, as the
case may be. And, doubtless, were either of
these parties to lock up the notes in their strong
boxes, instead of paying their debtors with them,
such a plan might be practicable. But is it not
very obvious, that as soon as any quantity of
bank paper, beyond the demand of the public, it
matters not how much, gets into circulation, the
excess must immediately return to the Bank?
Were it, indeed, possible, that all the efforts of a
hank paying its notes on demand in gold, could
force on the market more paper than it required,
the establishment of an additional bank would, of

necessity aggravate the evil. The proposed
Bank, we are told, is not to interfere with any
description of business injurious to the interests
of the existing town and country bankers. In-
deed, it would be difficult to say what business
it means to carry on; for the projectors, although
this is not said positively, conceive that it ought to
issue no notes but in lieu of others withdrawn
from circulation. It is not to receive deposits,
not to practise agency, nor to discount—what
are the banking functions it means to exer-
cise, and whence are its profits to come ?
Through the haze two objects appear in distant
perspective :—one, to unite all the Private
Bankers into one great Joint Stock Company,
of which they will henceforth, in reality, if not
in form, be the branches ; the other, to accom-
modate the Country Bankers with National instead
of Bank of England paper, in the way proposed
in the circular published by one of the Bank Di-
rectors some time ago. What connexion sub-
sists between either of these schemes and a sound
provincial currency, we do not pretend to dis-
cern. A very tempting lure is held out to sub-
scribers by a reference to the profits that have
been realised by banking in Scotland and Ire-
Jam! during the last fifty years. Could we be
persuaded that the agriculture and commerce of
the country would be as far advanced beyond
their present condition, in 1870, as their present
condition - is superior to what it was in 1783,
we should allow the valitity of the appeal ; but
on that head we are somewhat sceptical. The-
plain -English of the whole matter, could men,
and especially projectors, be content to employ
it, we take to be this ;—A Banking-house in Lon-
don, a highly respectable one, happens to have
some three or four hundred thousand pounds
which it cannot turn to such account as is desi-
iahle. A plan of a general Bank has been sug-
gested, we cannot say whether wisely or not, for
we have not data sufficient to enable us to
come to a satisfactory judgment. Like all other
projectors, the parties in question are most disin-
terestedly benevolent—they have no wish, po
object, but to serve the public ; as for serving
themselves, they would count it a waste of time
to bestow a thought on it. If the plan succeed,
which it may, the public will be secured, as far
as its jutgroits and those of the National Bank
ran parallel ; when they cross, the public will be
left to its own resources, as it always will be in
analogous cases. There is nothing wrong in all
this, The principle of repulsion is as necessary
as that of attraction for the clue and orderly
motion of mortals as well as of the globe they in-
herit.—New Times.

THE ORIGIN OF THE APPELLATION BO-
ROUGH.—The word Burg or Burgh, in Saxon
tneans castle ; hence towns anciently erected in
the vicinity of castles for their protection, had
This name conferred upon them, and the soldiers
,;110 garrisoned these were called Burghers, so
the inhabitants of these towns received the same
name. These also being formed into a commu-
nity, the constitution formed for their regular
government was denominated the Borough Laws.

NATIONAL BANK.

1. To give a solid provincial currency to the

country; of such an unquestionable nature as shall
leave no pretence
.for the interference of the Bank of
England ; to afford the country banks such just and
reasonable assistance on emergencies, as is afforded
by the. Bank of England to the London bankers,—
are the objects of the proposed establishment ; firmly
discouraging every species of speculation, overtrad-
_._ _ _

ing, and unnatural issues; and guiding its operations
solely by the legitimate wants of the country, and
the prudence and solidity of the parties with whom