The Sun.
London, England, 1842-08-13 00:00:00

ebtrb Zbittou

After the breaking up of the Cabinet Council this
afternoon, Sir ROBERT' PEEL left town fur Windsor
Castle, where, it is understood, a Privy Council will
be held this evening.

Several companies of' the Guards, and also some of
the Royal Artillery are under orders for the North.

THE FUNDS-(CLOSING PRICES.)
BRITISH FUNDS
Bank Stock
3 per Cent. Red. ........ 924 'Ditto Bonds .......» :r) Pm
3 per Cent. C0n5......... 91i1 .Ditto Old Annuities —
3} per Cent. Red......... 101 Ditto New Annuities
New 3i per Cent... ...... 1004 IF.x. 1,000/....2d 50 pm
N'M 5 per Cell:: ' Ditto 49 pm
Long Annuities to expire .- I Ditto Small
Jan. 1660 ......... 12 9-16:Bank Stock fur Acct —
Oct. 1859
Jan. 1860 l2i ,Consols -for Acct.
FOREIGN FUNDS..
Austrian, 5 per cent.... - 'Portuguese, 5 per cent.
Belgian, 5 per cent — 'Ditto, New Ditto 33
Brazilian Bonds.- — Prussian, 5 per cent.
Buena sAyres6 per cent — Russian, 5 pet cent......
Chilian, 6 per cent. Ditto, Metallic ...... .
Colombian, 6 per cent- I . Stanish, 5 per cent. 2O-
l 1624 Ditto, Deferred.... .
Danish, 3 per cent rY.. FrenqA, Am! cent. —f. --c.
GteeklB4outtetrrit .....
LATiV4iti:llfieTant.- 352- :French, 3 per cent. —l.
I)itto, 6 per cent. 1b37 113ntelt, 2i per cent. sl-
j peect. (Ditto, 5 per cen-- 1021
SHARES.
Bristol .nd Exeter (70 paid) _ 42
Great Western Railway (65 paid)
Ditto New Shares (50 pald).„ ............ 69
Ditto Fifth (4 paid)
London and Brighton (50 paid) ........ 334
London and Birmingham (90) .... ..„.
Ditto Quarter Shares (25 paid).. 47i
Manchester and Leeds (70 paid) ...
..
Ditto Quarter Shares ( 2 paid)............ 4i
South Eastern and Dover (50 paid)
Ditto Scrip. (10 paid) ... ........ ...... 6*
York and North Midland (50 paid) ......

SPIRIT of the PUBLIC JOURNALS

FROM THE EVENING PAPERS OF THIS DAY.

GLOBE..—The. Speech from the Throne on
the prorogation of Parliament has created very
little interest. It is distinguished by. more than
an ordinary share of the common-place -which
generally forms the substance of similar docu-
ments. The intention of the Minister was
evidently to take credit for the achievements of
the past session; but. the only measure of any
real importance that has been carried by the
Government is one so obnoxious to all parties,
that it was found impoSSible to make it the subject
of any direct reference, without renewing the feel-
ings of disgust it has created. The great act of the
legis!atiVe year which has just concluded is the
imposition of the Income-tax, which is not once
menticned in the Speech, though the boast of
having " improved the hational resources" is
impudently claimed as a merit in one of the
earlier paragraphs of the precious document.
This " improvement of the national resources"
has been effected by. unscrupulously dipping into
the public pocket, in a manner the most annoying
and oppressive to nearly every class; 'for there
are none who will not either directly or indirectly
experience the galling effects of the odious In-
come Tax. Sir R, Peel has the audacity to make
a merit of having met the financial difficulties of
the State by the adoption of a plan that is
neither marked by the tact of the politician nor
by any of the higher qualities of statesmanship.
It is a bold and coarse project for replenishing
the coffers of the State by trenching on the
means of the people. An Income-tax is the
most unwise as well as the most unjust that ,
could be resorted. to, and has always been
regarded as the last extremity to be
flown to in case of war, when extraordinary ex 7
penses might require extraordinary means to
provide for them. This Income• tax, which may
be called the Act of the session, is the-least wise,
and the most unjust, that any Minister could
have hit upon. Its unpopularity with the many
is not even made up fiir by its being acceptable
to the influential few, for men of all ranks and of
all parties concur in disa pprovingof it. AV 'tile tan:-
ot theirown measures as calculated to "stimu-
late the demand for labour," accounts are coming
in from all parts. of the country of the -unex-
ampled number of persons who are entirely out
of employ, while more are being daily added to
those who can find no market for their labour.
The congratulatory paragraph of the Speech,
which points to certain
"indications of ,gradual
recovery from that depression which has affected
many branches of manufacturing industry," is also
rather ill-timed, when news is. reaching London of
disturbances arising from want of employment in.
the manufacturing districts: We-earnestly hope,
and are strongly inclink-d7-1O believe, that the
good sense and pr9per—feeling of the people will
prevent any serious calamity from taking place;
but there-is danger in the mere faet of thou-
sands of persons roaming about without occupa-
tion or the means of livelihood. It was with
a perfect foresight of the probability of such
a result that, were induced to join in
urging on the Government the necessity of taking.
some measures for relieving the public distress
before the separation of Parliament. The present
aspect of affairs must make it obvious to all that
Sir R. Peel has not • sufficiently provided against
the dangers that seemed to threaten ; for the
country is clearly in a more agitated condition
than it was at the commencement of the session,
when the Tories entered on the task of Govern-
ment. increased distress among the lower
orders, dissatisfaction among every class, and
disappointment iu the ranks Of his own suppor-
ters, is the result that the Premier has achieved
in his first session.

Sl'
—l.O
IT
eh et 1 !leoypaulbSiipc7
anddi haslve been
e
irt Jo" e
ad nu DbungssAliii: bDee.corn plaint against it. It is
short ; but why ? Because - the advisers of the
Crown have dealt in
r 2A
4 N
l
no mysteries—have left
no part of their policy in need of explana-
tion or apology. What they have done has
been done openly, and upon obvious and intel-
ligible principles ; and though it great deal
might be said to render justice to the importance
and beneficial effect of their measures, good
taste forbade that the authors of these measures
should be their eulogists. The Speech is there-
fore short, but it is to the purpose; and there-
fore most fitly does it conclude the most
useful and business-like session since the
passing of the Reform Bill— probably we
should not err in saying the most useful
and business-like session of the last twenty years.
It is, indeed, only necessary to cast a glance at
what has been effeeted since the first week in
Februm y (little more than six months) to ap-
preciate the vast improvement of the progress
of Legislation and Government that has fol-
lowedthe accession of Sir Robert Peel's Ad-
ministration. The finances of the country
have been restored to a condition of soh 1
veney, and thus public credit figs been fixed
upon a basis of perfect security. The revi-
sion of the Corn laws—one .of those revisions
which the circumstances of cur social progress
will continue for ever to render necessary every
ten or fifteen years—has been effected, as we
firmly believe without the slightest injury to
the agricultural interest, and certainly Without
any violation of the principle of protection.
A like necessary revision of the whole
commercial tariff of the
country has been
effected, with the still happier promise of
diminishing very
considerably , the expense
of living to the middle
and humbler
classes, and affording new and abundant
opportunities for the prosecution of all the prin-
cipal branches of productive industry. The
whole tendency of the great financial and com-
mercial measures of the session has been, mildly,
justly, and legally to equalise the condition of all
classes of the people, by raising the condition of
the lower classes without any sensible depression
of the condition of their superior,.
True, all has
not been done, for sonic of the clauses of the
New Poor-law remain uncorrected; but ft yaG'i
progress has been made ill the work of social
reform—a progress that must
! appear perfectly
wwonderfula comparison
l upon with the work
of any one session, or any ten sessiptts, in
history of the present p'epprp.tiop. Add to
these a good beginning MaliP* in -the- great
work of jaw rPfopn ; , 4P14 the legislative
achievements of the s'l llitlttths just com-
pleted will defy COMllarOa- with, whatever has
been effected in equal ~tittle . even in our
whole histotTl. ig.tpli i good. will tilwaTS.he-vx*
petted from those wlin:lialre already I.ix One much,.
and we look 'to - the • OPPOackliv.:4stio,, in
assured confidence that :,,-Arliat, remains to be