The Sun.
London, England, 1842-11-09 00:00:00

. .._ . .
tunate one. Victories maybegained by the assailing 1 MONEY MARKET and CITY NEWS.
hlreESaTEßDaAral;;ce
of
TaFßA.TaThmeoßmmeNrcGaras,
party—cities may be taken and sacked—thousands of
foes may be slaughtered—mighty conquests may be .Raon'ort
achieved, and mighty devastations made :—in all its , the Sardinian tariff, have generally expressed
strong
superior results, the war is still an unfortunate one. i approbation of the conductof
- Sardinia. While
Injustice carries its curse with it ; and this observa-
France, the United States, and other important coun-
tion holds good more with regard to the present age •
tries have shown a bigoted predilection fora hi
h' h
than to any preceding one—the spirit of the camp has protective system, . the little State of Sardinia, with.
so much succumbed to that of the council chamber. out, a ' I sing e application from -. abroad, has come for-
It applies, too, to Britain more forcibly than to
all
ward, and of her own accord, has in the most liberal
nations of the earth besides ; for, large is
as her mate- manner declared herself an advocate of free trade.
vial strength, how powerless would it be in asserting A circular, which has been received by some of the
dominion over the world-like regions subjected
to her highest firms in the City,; has caused a considerable
sway, were it not for the moral support she derives sensation, as it is one of those evidences of unwilling-
from from the impression so carefully cultivated in the ness to satisfygs
just claims on the part of a private
minds of foreigners by our olden statesmen, that vulgar American debtor which we have. often seen illustrated
fraud and robbery are at all times excluded from the on
a large scale by the State governments of the
objects and purposes of any war in which we may - country. Often ....
have the honest citizens of the United
engage. Are our wars against the Affghans and States deplored the probableof "repudiation"
Chinese
effects
Chinese destined to read us a harsh though whole- on the morals of their coun,try, and warned the States
some lesson on the impolicy- of unjust aggression? that IC pro rgacy in a Government, is likely to be fol-
Human foresight can form no clear opinion as to lowed, sooner or latter, by profligacy in individuals.
when and where these wars, and the effects that may The meaning of the whole affair see ms to be this—
flow.from them, are to have a termination. Up to that the
creditors of the firm in question were at last
the present time, in Affghanistan, all has been dis- wearied into accepting a composition, of 50 per cent.,
honour and disadvantage to England. The short- as they despaired of obtaining further,and
lived
lived flush of triumph that attended the first advance that they now learn from the Writer of the circular,
of Sir John Keane, has proved to all, except that who is more punctilious than his partners, that the
lucky person- himself, a most signal misfortune. It private property of the chief member of the fir
paved the way, under Whig imprudence and mis- never taken into consideration, but that firm
was
he has con-
placed confidence, for the unguarded, fast-and-loose trived to keep his own fortune untouched, while pay-
state of things that left our armies and our envoys ing the creditors half their dues.
to be massacred by the savages whom we had wronged the .members of a firm is often the' principal reason
of
essential
been the point of desperation. And, since then, it has the credit given by individuals, it is highly
c
been disaster after disaster—confusion becoming worse that such conduct as is exhibited in this aseshould
confounded—as each successive month goes by. Ws be visited with the severest censure.
know the beginning of the calamity, and can but specu- CHRONICLE.—Within the last eight months
late on its end. From the intelligence brought by the the price of Whitby and Newcastle built ships has
monthly mail just arrived,can weglean anythingolsub- fallen nearly 31. per register ton, while new ships sent
stantial comfort for the conscientious and really patriotic over from America have been' sold at 3/. 10s. to 41.
Englishman ? We fear not. Forward movements are per ton register, which cost the owners 81. to 101.
making—movements on Ghuanee—on Caubul—with per ton.. The gross amount of British registered ton-
burning of villages and slaughtering of natives. Se- nage is 2,600,000 tons. The best informed parties
cresy is stated to be a feature of Lord Ellenborongh's valued this property eighteen months ago at an aver-
policy, but we may presume that one main object of age-of 11/. per ton, including steam-boats, the finest
these movements is recovery of the British prisoners East India ships, colliers, and coasters, giving for value
so long in the hands of Akbar Khan. It seems .the 28,600,0001. The same parties calculate the depre-
idea is that we may easily regain possession of Cau- ciation within the last eighteen months at about 40
bul, and that the surrender of Lady Sale and her corn- per cent., or 11,440,0001., a most fearful loss of pro-
panions will be an immediate consequence of this. party, and it is said that one-third part thereof is
That it may be so we earnestly hope, but deeply do mortgaged. Ships are crowded in different parts of
we lament that the prolongation of our ill-omened the globe waiting for freights, but, even at. the low
visit to Affghanistan is involved in these operations. export quotations, merchants do not ask for ships,
If our countrymen can be released without the in- prices in England offering no inducement. The
fliction of fresh violence on people with whom we same observation as to lowness of price compared
ought at this hour to be on terms of friendship, with cost of freight and charges, applies to the
it is clear that any dragging on of the war case of British merchants who have goods on hand.
would be altogether unadvisable. Three deadly Generally speaking, they are exported to the
scourges—war, pestilence, and famine—make daily colonies at a loss, although-the- last advices from
ravages amongst the British troops. And then the our Australian markets were of a more favourable
narratives of outrage that we see coupled with the character. That single gleam of light in ' the black
English name ! The burning of villages—the de- perspective of the future is swamped by the blunder-
struction of vineyards and orchards—what worthy ing American tariffs, the prohibitory ordonnancei of
monuments of our national glory ! Such matters, it the French against our linen yarns, and the protee-
will be said, are amongst the chances of war. But tive principles manifested by the States of Germany.
what a war is it ! Every one of the objects for which The renewed rumours of a commercial treaty between
the Affghan expedition was said to be undertaken— Spain and England can scarcely be relied upon as yet,
the raising of a " bulwark ". north-west of our Indian so as to be thrown into the. scale as a make-weifht
empire—the extension of English commerce in Cen- against the gloomy catalogue. A general prostration
tral Asia--the frustration of Russian intrigues—every of trade and commerce has had a most adverse influ-
one of these objects is now much more difficult of ence on capital embarked in shipping, and the reduc-
accomplishment than it would have been five years tion of the timber duties under the new tariff has added
ago, before the Whigs had crossed the fatal Rubicon to the evil. Here is another instance in proof of the
of rashness and wickedness. After the war is fermi- truth of the prediction delivered by Lord John RUS•
noted Government will have a mighty.work on its sell, that the tariff of Sir Robert Peel would disturb
hands. There will be the undoing the mischiefs gene- everything and settle nothing. Never was there a
rated by this unhappy contest—mischiefs that grow political prophecy more literallyfulfilled. The new tariff
with its duration. And then will come the establish- has done a vast deal of absolute-mischief, and almostthe
meat of some fixed and permanent policy with the only good it has as yet -effected, is its admission of
several nations that border on our territories. The a sound principle, but that eventual good bats
evil opinions which, by waste of so much blood and been purchased in the mean time by an immense
treasure, we have lately been at pains to inculcate amount of direct and immediate evil. The shoema-
amongst these nations, will make this a matter
.of kers, the glove-makers, the corkcutters, the Cornwall
much greater difficulty, now that Palmerstonian Ins- miners, the lace trade, and others, have all heen ex-
dom has been brought to "mature development." posed to great injury by the diminished duties levied
GLOBE.—The re-occupation of Caubul by the on foreign articles imported, that now compete with
British troops having now become matter of cer- them at lower prices in the English markets. Ladies
tainty, and the objects for which the expedition can buy their eau de Cologne at a less exorbitant cost;
was originally undertaken being apparently on their gloves, shoes, and furs at lower prices. Spices
the eve of accomplishment, notwithstanding the are also lower; so are hams, tongues, and American
obstructions which have so strangely been cast pork; but want of employmentand lack of wages are
in its way from a quarter whence effective aid, still nearly as great as before. If Sir Robert Peel had
rather than hindrance, ought to have proceeded, not touched a single article in the old tariff that he did
public attention is again directed by the jour- touch, and selected instead the two staple articles of
nals to the question of the policy of the first consumption only, namely, corn and sugar, he would
expedition against Caubul, and the conduct of have conferred a real and substantial boon upon the
the war in the Affghan territory. That, in the poverty-stricken masses of his countrymen; trade
absence of new facts, anything new can be ad- would have revived ; wages would have improved ; and
vanced in the way of argument, it would be vain the agriculturists would have been spared the panic
to expect. The organs of party! pro and con. which has afflicted them by the recent fall in the price
are compelled to refurbish their old weapons, of cattle. We have no doubt that the farmers would
and in many instances to
,gather up, for the pur- also have been spared the double panic to which
pose of hurling,• something at - their opponents, they have been exposed ; for if foreign corn had
the very missiles which had either fallen short been admitted" during the past ' year at a fixed duty
of their mark, or been broken, in the previous of Ss. per quarter, the late sudden depression in the
conflict of opinions. The Herald repeats its dis- price of wheat, greatly aggravated by the numerous
content at the Governor-General for having failures in Mark-lane, would not have occurred.
adopted the very course which, as Lord Ellen- Wheat would not have advanced to a famine price, nor
borou,ll in Opposition, he condemned ; and been down so low as 48s. per quarter. The market
twits -his Lordship with the recollection of would have been regulated by a steady action of sup-
having applied to Lord Auckland's policy ply and demand, and we should not have known the
the terms " folly" and s, crime "—which baneful effects resulting from extremes of high and
policy lie is now carrying out—a policy low prices. The industrious mechanics; the straw-
by means of which alone the British empire plait-workers, and the unrepresented classes generally,
in the East can be preserved from the inroads of would have been left undisturbed in their respective
the North-western Powers, incited to hostilities branches of trade, while they weuld have enjoyed the
against this country by the perfidious agents of benefit of a cheap loaf; and the interchange of Ame-
at least one European State. We are not about rican and European wheat for British goo under a
to repeat the arguments we adduced on the ar- steady trade, would have relieved the distress which
rival of the former dispatches—arguments still presses upon the manufacturing districts. The
founded not on vague assumptions, but supported glut of money in London would have been absorbed
by official correspondence—to show the neces- in a healthy demand to invest in commercial enter-
sity which was imposed upon the late Go- prise. Our foreign trade would haVe improved, and
vernor-General to direct the occupation of prices would have advanced under a simultaneous im-
Affghanistan by the British troops. To every provement in the price of wages. The shipping in-
mind capable of estimating the value of in- terest would have participated in the amelioration of
disputable facts in such a controversy, those trade, and with a diminished cost for fitting out and
statements—the validity of which was never working their ships, would have experienced the be-
questioned, and their force never repelled— nefits of an advance in freights. -
would have been taken as conclusive. The tern- —
porary reverses to which the expedition was sub- LAW INTELLIGENCE.
jetted, however occasioned, do not touch the po- CO&TRT OF CHANCERY, Nov. 8. ..
licy which directed the occupation of the Affghan QUARRIER V. COULSON.—JUDGMENT.
territory ; nor will they, however much the ef- The LORD CHANCELLOR gave judgment Ito-day in
feet of those reverses have been increased by this case, which was argued some time since upon an
pusillanimity and vacillation in high places, be appeal motion from the decision of the Vice-Chan-
able to defeat the well-conceived, and for a time cellar of England. His Lordship, in giving judg-
ably-executed, operations. 'The Herald---.the ment to-day, said he did not conceive that sufli-
most querulous of the croaking tribe—admits cient Found hail been shown to justify the Court in
this to a considerable extent. restraining the defendant froth proceeding with his
STANDARD.---Upon carefully examining the action at law. . The memorandum was prima facie
mass of intelligence brought by the Overland evidence of the debt, and there was nothing in the
Mail, we cannot find much to add to the remarks answer or the correspondenaii, .slit showed the con-
which we offered yesterday.. There is one point, sideration for the claim was illegal. '.' It appeared that
however, upon which it nuts, be proper to offer the defendant and the testator travelled together on
a remark. Some of the Indian journals speak the Continent. They agreed to divide their expenses,
confidently of a misunderstanding between the the defendant paid more than his proportion, and the
British Governor-General and a part at least difference constituted part of the debt,, and with re-
of the population of the Punjaub, and try to vect to this no objection was made. Another part of
account for General England's lateral move- the debt consisted of money lent to the testator when
merit upon that hypothesis. Now we know of he was playing at the public tables- at Baden Baden,
the Indian journals generally, that they are not in Germany, and that the money was employedh in
d
very scrupulous in the propagation of their gaming. His Lordship did not see what ground ae
opinions upon rather slight grounds, and we cer- been shown for saying that money could
ht eot
mr ;
tainly have seen no reason to repose much confi- covered. First, it did not appeard have
eathe ga
been ills dente in their judgment upon military operations. played were, or that they would l
t_
ea •
late
case of
The death of Runjeet Sing has, no doubt, thrown even in England; and un.nti h
the Court of Ex-
the Punjaub into that state of- distraction which Mackinnon r. Robinson
been i
supposed that securities
invariably attends the demise of the Sovereign's chequer, it had always
h iroid by the statute of Anne, yet
authority in the despotisms of the East; and in given at play, thou
y mightg b. e recovered. In the case of
such a state it is the most natural thing in the that the
"te.Robinson, it was heldvand his Lordship
world that one of the contending parties should Mackinnon
rn '.
pe ly held, that money lent to play at il-
cast his eyes upon a neighbour so all power- thought lampeso-coruld not be recovered ; that was decided
ful to aid him as the representative of the legatheg
rinciple that money lent for the purpose of
British empire. Almost equally natural is itt on
Pa party to do an illegal act,, with the know-
' that the mass of the people—always
it ruelgreea. enabling
ledge of the lender, was not the foundation for an Etc-
sufferers by domestic cOnuntoitmieonTese
Tr e a d tion at law. That rule did not apply to the present
gard with longing
oart'Keir neighbours im- case, for there was nothing to show that the gaming
prosperous condition
the British Government; tables were not lawful in the country in which they
mediately subject to
to doubt of the were. Thep resumption was, as they were
ill short, there can be no reason.
Punjaub,tables, that they were legal ; indeed it was-notoriou
•of a British party in the. s
existence in several places in Germany, they • •
comprehending the majority of the po- that
_. i were sanctioned
probably .
journals by the Government, who received arent for them.
maybe Indian
flu therefore, the
pulation. So
They may be right, too, in as- It was clear, therefore, that the money wasnot lent
may.be right.
the throne of Runjeet for the purpose of playing at ill -1.
• ning the succession to
.ega .games, and his
signing
soon • but here we must Lordship could see nothing that prevented
Sing to the party in question ,the defend-
ceaseto follow our Oriental Contempora- ant from recovering this part of the debt by an action
Pun- at law. The only
ries. Great Britain does not want the Pun-
Lord Ellenborough has certainly e- the small amount jaub, and
•enterprise or the dis- that this was an illegal transaction • there trayed no passion for rash
. , -
positron
to meddle, such as ought to expose him to show that •it was illegal by the laws of the
he
to the suspicion of embroiling. the country that . country in which the money was won ; neither would
unprofitable hosti-
governs in unnecessary andit have been illegal in England, because the defendant
his Lordship will cheerfull than 101. at a
'ides. Doubtless, Y had sworn that he had not won more
lend his advice, his assistance, and, if required, single sitting. As the memorandum afforded prima
his countenance, to whatever maybe effected facie evidence of this, and as there was nothing to
for the pacification of the States of a neighbour show that the consideration was illegal, his Lordship
and an ally hitherto faithful, and ever zealous in
reason why tl , saw no Court should interfere, and
the
its friendship ; but it is almost certain that ne i
w h the defendant should not be allowed to prosecute
Y
will not involve his Government in a new war in ' leis action. s action. The order of the Vice-Chancellor must
the pursuit of any object which the state of the ' therefore be reversed, and the defendant must have
Punjaub can present. Even the wildest anarchy 1 the costs of the application in the Court below.
of competition in that vast district would scarcely
EX CARTE ETRE IN RE WRIGHT, DIDDULPH, AND CO.
The arguments justify a hostile interference, for such anarchy is in this case, which.'were commenced
not an infectious disease; on the other hand, itresumedandconcludedThe
generally
,to-day.
generally operates as a preventive to
neighbours, . case came before the Court upon a. special case in the
by the wholesome lesson which it submitsfor
nature of an appeal from the decision of the late Sir
their guidance.
John Cross, in the Court of Review. The bank-
rupts
- in this case lately carried on their business of
At one o'clock on Sunday morning a fire, resulting bankers in Henrietta-street, Covent-garden, mid the
in the destruction of property to a large amount, and appellant, Mr. Vincent Eyre, banked at their house.
caused, it is suspected, by an' incendiary, was dis- In the year 1835, the appellant deposited in the house
covered to be raging in a range of buildings occupied of the bankrupts, in a tin box, various securities,
by William Gunner, Esq., on the estate of Wood- j am"' which were Cuba bonds to the amount of
rotate Smith. Esq:, Tedding•tori. In ten minutes the 0e,003/., he having givenfor them upwards of 48,000/.
whole 'farm, togetl- • • -11 •of wheat,l Those bonds bore an interest of 6 per cent.
let with several stacks Li Sep-
• acting
wagon loads of unthiashed straw. sad many valuable tember, 1838, John Wright, the principal .
Ilsnt to let hint
agricultural implements, were on fire. A man named partner of the firm, requested the appe .
eed to
John Adams has been taken into ' custody by the have 25,000/. of these Wilds, for which he rown.
police on a chargeof 1 •wilfully set fire to the , deposit -1.)9 shares in the Southampton Railway . .
a laving
by the appellant; and in
premises 1 pany. This was agreed to