The Sun.
London, England, 1842-06-03 00:00:00

.Stra,

LONDON
FRIDAY MORNING, JUNE 3, 1842.

The distressed people of England have reason to be
grateful to Lord KINNAIRD for having brought their
c,Adition under the notice of the House of Lords last
night in a vivid and striking manner. 'The Noble Lord
proved by the conduct of the Ministers that they knew of
the great and general distress, and he complained of the
inefficiency of their measures to relieve it. The people
had asked for bread, he said, awl their Lordships
had offered them stones. Our population is in-
creasing. but the consumption of each individual is
lessening. Thus the consumption of wheat had been
Its, last year, by 800,000 quarters than the year be-
fore, and it promised to be less this year. At the same
time the poor-rates in Marylebone had increased from
44,573/., in 1836, to 76,3.551. in 1841. Crime, too, is
increasing. The Noble Lord quoted a variety of facts
relative to the consumption of different places, and to
diminished employment, to show that the condition of
the people was deteriorating. All his observations had
no other effect on the Duke of WELLINGTON than to
make him impatient ; and he told the Noble Lord to
wait to see the effects of the measures introduced by the
Masters. We regard such policy as most erroneous.
Thee people require to be convinced that they are cared
f as well as actually to receive relief ; and as
their' Lordships have no great deal of work on hand,
and have heretofore readily inquired into the distress
of the • agriculturists, the least they could have done,
we think, was to have granted the Committee, and insti-
tuted a searching inquiry into the condition of the
people.' If their Lordships are acquainted with that
.tiondttion, it is a terrible reproach to them that they do
not devisnineani to remedy it ; or, if they cannot, let
them-abdicate their legislative functions. If their Lord-
ships',: ate not acqUainted with the condition of the
1;4mp1e,.-it is a scandal to them that they do not inquire
into it. • Either their' Lordships are excessively ignorant,
or powerless Ail in either case they can have no claim
to the respect the people, whose distress they cannot,
or will not, relieve.

Whatever may be the merit of Sir it. Pcin.'s commer-
cial reii)rals they are the otTsprlng of necessity. H is
no more now an enthusiastie free-trailer, who sacriaces
his party to a theory, than he was a convert to roper •
when he consented to bring forward Catholic Emancipa-
tion. He i.s a mere expediency politician—the chief of
the red tapists—who would not, if he could have helped
it, 'have risked his power by offending his supporters.
Tile fact is, as he has stated, that population has out-
snipped the supplies of food which can at present be ob-
tained from our own soil, and, to avoid some of the ut-
most z.everities of famine, he has been compelled to pro
pir,e measures which he supposes u ill have that effeet.
Ilis..coaduct, dictated by this palpable necessity, is the
strongest proof we have yet seet of the.growing ascen-
itnq of free-tmle principles. All that intriguing poli-
tieians can do is, to obey them, even while they eeny their
power.

This faCt is instinct with prictieal deductions. Al-
ready
.Sir IL PEEL has been obliged to depend on his op-
p:Aleuts fur the suc:!ess .or his propositions. ire cannot, it
is clear, long carry on the administration by the aid of a
paity who mistrust him and hate his measures. In fact,
lath Tory and Whig journals have already alluded to a
speedy dissolution of his administration. The principles
which aro now forcing bins to act adversely from his
friends will then be still more in the ascendant, and the
practical question which the friends of free trade ought
betimes to consider is, will they who are aided by a
Pxwa. and his combined
Oweert‘itkrior to Sir RonEtcr
1rO;s1:. of moOpolists, help'hitn; For his.. own
purposes, t(')
iheir certain victory_ ? If they'be courageous and
i'ffe Men, with confidence •in their rt. prineiples, let
thcnt. leAv!l expediency to la", and they will soon
be
rkt•
.. •
st,
iiire amuuowei-e-r, that they are tuietkoi. th 4

111

have already been bribed to support a worthless Tariff,
which carries an Income- tax with it. They have been
smitten with a fancied liberality ; and as the Whigs said
nothing about cattle, they have adopted the conclusion
that Sir B. PEEL is a better free trader than his oppo-
nents. But they proposed a measure as to corn, which
made the concession as to cattle of minor importance.
England possesses such immense advantages in rearing
and fattening cattle, that with a tree trade in corn she
need no more fear a competition with foreign oxen than
with foreign cottons and hardware. Though we advo-
cate a free trade in all things, a free trade in cattle—had
we a free corn trade—would be practically of no im-
portance. The Whigs, therefore, by proposing to allow
the importation of corn at a fixed duty, rendered the pro-
hibition to import cattle unimportant ; while Sir R.
PEEL has won the hearts of the free traders by a con-
cession that is nearly worthless in conjunction with the
sliding scale. Their conduct on this occasion is an ex-
ample of that gullibility against which we desire to
guard them. At the head of a majority of 100, Sir
PEEL has been compelled to yield ; and we beg the free
traders will consider that fact, in order to prevent them
throwing away their advantages.

We read a great deal in public journals of the cor-
ruption if the people, and very little of the corruption
of the Government. Because, the latter is constituted to
take care of the former, and promote their moral im-
provement, it is assumed as beyond a doubt that it is
superior to them, and always answers the intended pur-
pose. This is evidently a great mistake, and to expect the
moral improvement of the people from oar Government,
is to look for a substance where there is not even a
shadow.

The decision of the &Mast election, huddled up yes-
terday like so many other Election Committees, has
added to the number of instances already known of the
Legislature-. springing from the vilest corruption. The
election was..at once declared void. The bribery was
kept out of view by a resignation. In truth, proofs
of that corruption have of late been so numerous that
even Sir ROBERT PEEL, no purist, who has been familiar
with scenes of corruption in the House of Commons all
his life, cries- out shame, and calls on the Members of
both sides to skin over the foul ulcers if they cannot
cure them. In all those instances—and the public has a
thorough conviction that the cases in which corruption
is practised and concealed are much more numerous
than the detections—we find the component parts of the
Legislature labouring assiduously to corrupt find debase
the people.
Does the Executive afford us a better example ? We
will not imitate the bad taste of both Houses of Par-
liament, and speak of our amiable and high-minded
QUEEN as constituting the Government, and responsible,
therefore, for the many evils which the misery of the
multitude brings home to its door. Her example, as a
woman and a Queen, as a wife and a mother, can only
be beneficial to the community, while the example of
the Government is the very reverse. Its whole career,
latterly, has been tortuous duplicity. Sir Rom= PEEL's
promises and his performances are no better than a
most mischievous fraud. He broke up the late Ministry,
and delayed that relief for which the people were pant-
ing, because he and his party were opposed to the re-
laxation of our commercial restrictions, and he has in-
troduced a series of measures to carry out in a bungling
manner the principles which, in opposition, he would
not allow to be acted on. The one obvious difference
between his measures and theirs is, that they really
meant to benefit the public; while he proposes, by set-
ting one interest against another, to secure his own
power. His example is one of gross deceit. He ob-
mined power on false pretexts, and he uses it only to
spread dissension and delusion through the land. Even
the Morning Post cries out against him as a promise-
breaker, and those who placed him in office trust him no
longer.
With a corrupt Legislature, and deceitful Executive,
how can we reasonably expect a moral people ? The
salt which should preserve has lost its virtue. If they
be not superior in morals to both the Legislative and
Executive powers, and be unable to infuse a wholesome
reform into both, there can be no hope of improvement
either in the conduct of the Government or in their mo.
rality. In general, we are less disposed to advocate
organic reform than measures of immediate utility ;
but such measures having been obstinately refused, we are
compelled, like others who are thoroughly disappointed
by the conduct of the Government, to fall back o❑ or-
ganic changes as the only means of preventing the Go-
vernment• continuing to injure and corrupt society.
Grievous disorders mast ensue if the Government re-
main, as at present, more corrupt than the governed.

We congratulate the country on the altered tone
which pervaded the speeches of Members on Wednesday
when discussing Mr. PARINGTON'S absurd motion, and
the glorious victory obtained by common sense over
bigotry and tyranny. In a House containing 120 Mem-
hers, only seven voted for extending the Sunday blessings
of the Metropolitan Police Act to the country ; and to
the credit of the Liberal party, only one of their number,
Captain PECHELI„ voted with the minority. The speech
of Sir JAMES GRAHAM was just what might have been
effected from him, when unbiassed by political preju-
dices; ; it Was liberal and judicious, and cast to the
winds all that Pharisaical horror of Sabbath desecra-
tion which pervaded the House when Saint AGNEW
was a Member. His rejection by the electors of his
native county was a great mercy, for had he been pre-
sent last night, and heard the debate, the result might
have been fatal. The speech., of the Home Secretary
mould have made him shake like an aspen leaf. "
glass of ale and a crust of bread and cheese," said the
Right Hon. Baronet, " would do no man any harm ; and
any endeav our to prevent that would be an attempt at
the curtailment of the innocent recreations of the people."
What I Recreations on a Sabbath I And those, too,
advocated by fhe especial guardian of public morals—
the Minister appointed by the Crown to preserve the
peace of the community, and also to take care that the
institutions of the Church be religiously upheld I Let,
however, Sir ANDREW and the seven wise men say what
they will, the people throughout the country will be
thankful for the change, and will do honour to
a Minister who has the courage and the honesty to set
his face against these pests of society. We trust, how-
ever,- and indeed believe, that he will not stop here. If
a crust of bread and cheese and a glass of ale can do a •
man no harm in the country, why should not the same
good things be allowed to the poor man at Highgate or
Greenwich ? Why should publicans in the metropolitan
districts be placed, to their great loss, on a different foot-
ing; from those at Gravesend or Richmond ? Maey in-
dustrious men have been ruined by this Sunday Act, which
such a vast majority on Wednesday night voted would be
injurious to the country. SirJ. GRAHAM is evidently aware
of its tendency, notwithstanding the opinions of the
Police Commissioners, and, probably, to please them,
will give it another trial ; but, if we are not mistaken,
he will in.the end find that a law which is bad for one
district is bad' for another, and abolish it altogether.
' As a proof of the tender mercies of this hypocritical sect.
Mr. PAKINGTON proposed • -that a publican should be
tined 5/. for selling 'a glasi of ale, and if he would not,
or could not, pay should be sent to prison for a month !

The French Journals continue to harp upon the vote
of Saturday, for compelling Ministers to increase the
number of ships in commission. We can discover in it
no good ground for triumph, unless it can be proved
that a nation's happiness is increased by oppressing it
with taxation. As to the tirades about defending the
honour of France, they are sheer humbug. No one
seeks to attack France, nor would she be one jot more
secure than she is, had she a hundred ships of the line
in commission. As regardi this country, we can con-
fidently state that there is no party or person in it, who
ever for a moment entertained the id ea of going to war
with France about a Bight of Search Treaty. That
Treaty was as much her own as it was ours, and in
abandoning it she disgraced herself, not injured, or in-
sulted us. Why then should we go to war with her, to
compel her to perform a duty to herself ? With respect to
the boasted triumph over us, and the rage into which the
vote of the Chamber is to throw the British press, we
tell our Gallic contemporaries that they are welcome to
a dozen such triumphs, and may enjoy them as heartily
as they please with Out putting us once out of humour.
The money has been voted, but when payment is de-
manded, we shall see whether the French people will not
be more out of humour than the London press.
BOLIRSE-Paaits, TUESDAY, MAY 31.

First Highest Lowest Last
Price rriee. Pries. Price.
reach P$ Per a2u 15 ... 120 20 ... 120 15 ... 120 15
4 per Csnts.
... 102 ... 102 ... 102 ... 102
per cents— . . ... 82 25 92 82 15 .. 82 15
tat of ?lance .." :1150
Laffitte sank I,ooof. Shares 1045 ...1045 .1045 ...Mt")
5.0n0f. Shares 50'5 -.5065 5065 ...5065
... •105% ... 10 % 105%
Celgian 5 per Cents. lO4 114 104 .. 104
per Cent,., 1840." 105%
r,ri,sh Active ••• 24 245.
v an
rortugiiese 5 per Cents...—. 21% 31% 31%
•eoill .• ...
. . .. ;.. ......... 107 90 . 790 ... 107 14,3 ... 47-60
Al°ls 8 HA. 111Ejt. ."
I°s
."
I°s
R n.........................» lO5
7 7 ... a.. J 572 51 tirleans ......
'232 s') ... 2id 231
Rouon ........ ........ ..... 535_5i 5 ... p.. 1
7. 535
ashurg to Bale."

The Madrid Papers are of the 24th ultimo
The retirement of §URRA Y RULL, the F inance
Minister; was the result of the following resolution,
adopted by a, majority of the Cortes after a debate of
thirtt hours. The numbers were :—For the resolu-
tion, $5 ; against it, 78. • •
". The Congress declares that.. in the position in which the
Ministry " ha3.pl4ced itself,- it Wants, notwithstattding its good
intention!, the influence and moral force necessary to ensure
the well-be'ing "of the. country.. Ybereremains for it no alter.
native save retirement, bt the dissolution of the Cortes."

The Finance Ministcrresigned at once, as did Senor

C.k.MBA, the Minister of Marine. The other Members
of the Cabinet lingered on, as the REGENT disapproved
of the conduct of the Cortes.

Ittannin, BOURSE, MAY 24.—Spanish Stock has declined
a shade, in consequence of many speculators wishing to realise.
The business done to-day amounted, in English money, to
about 237,1131. In the 'Fbree per Cents. nine transactions
were effected, for a sum of 4.800,000 reals, at 21% for cash,
and at 22i andµ at 60 days. In the Five per Cents. 18,200,000
rears were negotiated, in 27 bargains, with 11 coupons, at 27i
for cash, and at 27a 1S and 11-16 for the Accounts at 60 days.
Exchange on London, at 90 days, 37g.

BELFAST ELECTION.-It will be seen from our report
of the proceedings iu the Belfast Election Committee yes-
terday, that both Members have been rejected, and conse-
quently a new election will take place forthwith.
We have received two letters respecting the view we
have taken of the Scotch Church patronage question.
Our correspondents have mistaken our opinions on the
subject. We have'never advocated patronage, but have
been opposed to the scheme of taking the right of pre-
sentation from the patron, and giving it to the clergy.
Did not 1)r. Chalmers, in the course of the late session
of the GenerLl Assembly, make himself sufficiently un-
derstood on that point: "He had no faith in the in-
fallibility of the popular voice. To the Church Courts
belong the highest and most important part of this
matter." If our correspondents believe not the great
Apostle of Non. Intrusion, they would not believe cue
risen from the dead.

MONEY and COMMERCIAL NEWS.

CM', THURSDAY EVENING.

The demand for money in the English Market has still
continued, and consequently the prices of the funds are a shade
below yesterday. The near approach of the fourth of the
month is most probably the proximate cause ; since bills drawn
at s;x months from the commeneemect of the year will then
yell due. Some ideas have been promulgated that orders for
foreign corn are now being sent out, but the state of the wea-
ther, and the favourable state of the Exchange, would seem to
forbid the supposition to be correct.
Console left off at 9114 91-? ii ex dividend. Bank Stock,
167* 165!2 ; India Stock, 250:52 ; Exchequer Bills, Old,
41 -13 ; Advertised, 36 38, premurn.
Foreign securities remain without alteration. Belgian, 102
103; Dutch Two-and-a- Half per Cents, 52% ; the Fire
per Cents., 101 101;', ; Danish, 80* 81*; Brazilian, 67 68.
Mexican is quoteu rather lower, namely, 361364..
Shares were dull, but prices generally nearly the same ;
London and Birmingham, 178 180 ; Birmingham and Glou-
cester, 50 52 ; Great Western, 83 69 ; Half Shares, 61* 62 ;
South Western, 62* 63* ; North Midland, 65 67 ; the New
Shares, 32 33 ; south Eastern and Dover, 25i 26i ; the New
Shares, 61 ti l ; Eastern Counties, 9* 9* ; North Eastern,
43 44 ; Blackwell, 11 11i ; and Brighten, 35k 35i per Share.
The quotations of the Bonds, also, were below those of yes-
terday; Colombian, 23* 23i ; Peruvian, 18* 19* ; Portu-
guese Five per Cents., 364 37* ; the Three per Cents, 21* 22 ;
Spanish Five per Cents., 24 22 ; the Three per Cents.,
23* 231,
It will be seen that the Spanish Three per Cents. have
nearly recovered the depression caused by the intelligence of
the resignation of Senor Roll. The public now happily
happily evince so mu: t distaste for these speculations that
but little difference is made as to who may be Minister, since
even the Bondholders themselves have almost given up their
ease as hopeless.
(From The Son of Last Night.)
Consols hare been steady today, without much business, at
91; ex div. for the opening. Three per Cents. Reduced, 91a
,4t- 6 ; Three-and-a-Half per Cents. Reduced, 100* ; ditto
New, 1011 100 L Bank Stock, 167'4 ; India Stock, 250*
250 ; Exchequer Bills Old, 43; Advertised, 36 38 premium.
Foreign Securities have been firm. Dutch Two-and-a-
Half per Cents. 52i a ; the Five per Cents. New, 99*
96L 99 ; Portuguese, 37 36* ; Three per Cents., 2l i# ; Spa-
nish, 22g. The quotation of Mexican is 36* ;2- *.
In the Share Market, Cheltenham and Great Western, 311 ;
Eastern Count,es New, 41. 16s. Bd. ; Edinburgh and Glasgow,
5112 ; Great Western, 89 ; New Share:, 62 ; Brighton, 354
Blackwell, 11}; Greenwich,6 ; and South-Eastern and Dover
New, 6141 a.
The foreign arrivals to-day are from Sydney arid the Cape
of Good Hope, but of intermediate date. The former gave
information relstive to the question for fixing the boundary of
the northern districts, and until it was defined, the land sales
had been suspended in consequence of orders from home. This
proceeding had at the time excited great fears lest the com-
mercial interests of the districts might not be materially af-
fected, and although it is supposed that such has been the case.
yet local circumstances had happened to open fresh channels for
enterprise, and interwoven many important and increasing in-
terests into the soeial economy of the district.
Among the first of importance, it is considered that the com-
pletion of the route from the great wool countries of Liverpool
Plains, Beardy Plains, and New England, to the head of the
navigation of the Hastings, should be planned. By this Port Mac-
quarie, which already possesses so many natural andartificial ca-
pabilities, will, it is considered, be at once placed in a position
to demand all the advantages of a free port. This progressive
feature had been followed by the partial opening of the trade
with the settlements on the .%I'Leay and Clarence rivers, from
which much was augured for the advancement of the North
Eastern coast, and had already called into operation a large trade
with Sydney. A steam vessel, which are now largely used in the
coasting trade, had again navigated the Clarence to sixty miles
from the mouth, and it was reported " that the result-of her
trip entirely confirmed all the hopes that had been entertained
as to the capabilities of this noble stream, which promised to
I become a most important feature in the progress of internal
I communication."

PRICES OF IRISH STOCKS, DUBLIN, MAY 31.
3 per Cent. Consols
Three and Half Stock 99.E Grand Canal 5t0ck.........
Ditto Reduced ...... Ditto Debs. 6 per cent... 83
Ditto New 1830... 99 Ditto 4 per cent ... —=
3i per Cent. Debs. ...... 91g , Royal Canal Stock 27
LVERPOOL COTTON MARKET, JUNE I.—A fair amount of
business, extending to 4,500 Bales, was done at previous rates,
although the market was not brisk ; 500 only were taken on
speculation.
Livxaroot SHARE MARKET, JUNE I.—There was a bet-
ter inquiry, and the sales were more extensive to-day, consist-
ing of Eastern Counties, New, 4171. 10s. ; Edinburgh and
Glasgow, 52 ; Grand Junction, New, 25 ; Great Western,
8%; Halves, 62; Liverpool and Manchester Halves, 84h ;
London and South Western, 63 ; Midland Counties, 71i ;
South Eastern, New, 6i.
MANCHESTER STOCK EXCHANGE, JUNE I.—The Market
continues much iu the same inanimate state. There is, how-
ever, more inquiry fur Bank Stock. Business has been done
in London and Birmingham, Quarters, 3ti ; Manchester and
Birmingham, 27 ; Bank of Manchester, 414.
CLOSING PRICES.
BRITISH FUNDS.

Bank Stock 1674 !India Stock 250 pm
3 per Cent. Red. .. ...... 91a ;Ditto Bonds . . ..... 24 pm
3 per Cent. Con5.... -
3i per Cent. Red 100 k !Ditto New Annuities...
New 3i per Cent... loli Ex. Bills, 1,000/....24. 43 pm
New 5 per Cent — Ditto 5001...... 41 pm
Long Annuities to expire _ Ditto Small
__ .._

Jan. 1860 l2l !Bank Stock for Acct....
Oct. 1859

Jan. 18'..0
FOREIGN FUNDS.

Austrian, 5 per cent. — ;Portuguese, 5 per cent.
Belgian, 5 per cent — 'Ditto, New Ditto 37/
Brazilian Bonds... lPrussian, 5 per cent —
Buenos Ayres 6 per cent. 'Russian, 5 per cent...,, —
Chilian, 6 per cent BB IDitto, Metallic ...... . ....
Colombian, 6 per cent — Spanish, 5 per cent 22i
Ditto, 1824 — Ditto, Deferred.... .. , loi
Danish, 3 per cent — IFreneh, 5 per cent. —f. —e.
Greek, 1825, 5 per cent — I Exchange
Mexican, 5 per cent 36} , French, 3 per cent. —f. —c.
Ditto, 6 per cent. 1837 !Dutch, 2i per cent. 52/
Peruvian, 1825, 6 per ct. 19 jDitto, 5 per cent. ~ ...

SHARES.
Cheltenham and Creat Western (80 paid)... 31:1
Eastern Counties Railway (23 paid) ... 9i
Ditto New Shares T— paid)
Edinburgh and Glasgow (50 paid) ...... ... 52
Ditto New Shares ( 3 paid....
Great Western Railway (65 paid)
Ditto New Shares (50 paid) ... 62
Ditto Fifth (4 paid)
London and Brighton (50 paid)
Ditto Loan Notes (71 paid) -4
London and Blackwall ( paid) ll}
London and Birmingham (90) ......
Ditto New Shares ( 2 paid) ... ........ ... 30
London and Greenwich Railway (12/ 15s 4d pd) 6
London and South Western (431 15s odpd) 63*
South Eastern and Dover (50 paid) —
Ditto Scrip. ( 5 paid)
York and North Midland (50 paid) ... ...... 92*

KELOIAN k UNDS—BRusfteLs. May 91.
Actual Debt ,2K per Cent.
Rothschild's Loan, 5 per Cent ..... 103
Loan of Thirty Millions, 4 per Cent......... 94
9 per Cent. .......« r.

—mThirty4evi
--------(1840) IC4%
Loan of Clty, 1Y32,4 per Cent. 93
Socletyet Commerce, 44per Cent
Bank of Belgium, 5 per Cent ...agog* 73
National Society •.. 000000000000 ••••••••• 000000 .."
Exchange on London (short) .......
—Brussels Papers, May 31.
AUSTRIAN FUNDS.—VIENNA, MAT::3.
_ _ ___ _

•
I'l reper Cents. Metalliques 109
Four per Cents. IGO
Three per Cents.
Bank shares .... ... .. 1687
HAMBURGH BORSENHALLE, May S.
Bills. Money.
Austrian 5 per Cents.
Bank Shares l9O 1683
Anglo. Russian Loan Pm% 109
Russian 3 per Cent., Ist series, Certificate lo4i
Inscription, Ist series
Russian a per Cent. Hope and Co., Od and 4th
Series CS
Ditto in Certificates
New 4 per Cent. (1840)
Dutch Actual Debt, •.:g per Cent .. .......
Ditto 3 per Cent.
Polish Bonds 153
New Tickets ~ , ..... ......... .................
Anglo-Danish Loan, 3 per Cent. 73% 7tih
Spanish, New 5 per Cents.