The Sun.
London, England, 1829-01-13 00:00:00

position to which we defy contradiction, that the
banking business is one, and almost the only
one, in which insolvency can take place, without
great blame, not to say moral turpitude, attach-
ing to the parties. We do not say that a
banker's deposits can be at every moment within
his reach, the profits of his business arising from
dealing sqfi,ly with the money of his customers.
Therefore, during a panic, or any other tempo-
rary and unlooked-for emergency, the most
honest, and ultimately solvent bank in the uni-
verse, may be compelled to suspend its pay-
ments. Though we recognise such a crisis,
we do not hold it as one ever very likely to
happen under prudent management ; and, in
fact, it scarcely has ever happened to any
house possessing adequate property of its own,
and with partners conducting their business,
and conducting themselves, .as they ought to
do. But the oracle, whose anathema has led to
these remarks, ,:ontends that bankers have a right
to live like gentlemen. Certainly ; who ever
doubted it ? They may indulge, if they please,
as the same authority contends they have a right
to do, in all the luxury and extravagance of high
life ; only let them not do it at other people's
expense. A hanker, like every other man, should
live upon his income, derived from the profits of
his concern, added to the rents or interests of
his own private fortune. Had this been the
rule by which all bankers had governed them-
selves, we should have seen less ruin brought
upon these whose deposits have been too often
spent to maintain an appearance and an establish-
ment, which their own legitimate means would
not furnish. These remarks may be grating to
those, if there are any such, to whose case they
apply, but will be as harmless as any other truths
Ito those " whose withers are unwrung."—Morn-
ing Herald.

Of the one hundred and thirty regiments or
corps, of every description of force, of which the
British Army consists, only 24, including the
Household Troops, are employed in England ;
one in Scotland ; 23 in Ireland ; and all the rest

(or nearly two-thirds) in some or other of the
Colcuies. This is of itself a sufficient reason,
we should imagine, why the Colonies should be

looked to, to contribute more than they at pre-
sent do, towards their own defence. For

let it he remembered, not only is our immense
army an enormous annual drain for its own pay
and subsistence, but the Pension is swelled
ad infinitum in the shape of the famous dead
weight, which appears to be called so merely be-
cause it never dies. It is a singular fact, that
of the 99 marching regiments, of which the
bulk of the British Army consists, only two,
the 50th and S7th Regiments, appear to lee at
home. Of that part which is in India, the
Company pays the whole immediate expense;
and that itself is a reason, as we mentioned the
other day, wh) our other Colonies should do the
same. It is gratifying to see how little Scotland
costs the country in this respect, while Wales
(the most peaceable part of the King's domi-
nion) subsists without a single soldier. Impor-
tant inferences may ho drawn from these facts,
which Parliament and the Government would
do well to attend to. We rather offer them as
materials for thinking, than as professing to draw
from them at this moment their obvious results.