The Sun.
London, England, 1827-02-06 00:00:00

made up their minds (a fact, however, which, in spite of
these grave assurances, we are exceedingly inclined to
Joubt), will, we trust, be at length developed; and we
hope still more, that the mountain which has been so long
in labour will produce an offspring somewhat more impor-
tant and valuable than that recorded in the fable. That
some part of the delay upon this subject has not been
altogether useless, we are already inclined to admit, inas-
much as it has enabled the good sense of the country to
take the place of those strong symptoms of excitement
under which the subject had been discussed in many
places. For ourselves, we see no reason to depart from
the plain grounds upon which we have all along viewed
it. We think it desirable that corn, like every other com-
modity, should be furnished to the consumer at the lowest
possible rate; but to expect the highly-taxed corn-grower
of this country to compete with the untaxed farmer of fo-
reign countries, is too preposterous a proposition to admit
of argument —Morning Herald.

A Morning Paper of yesterday, with the laudable de-
sire of proving how desolate the prospects of this country
are, when compared with those of our continental neigh-
bours, put forth the following statement in its columns :

" An article inserted on Saturday in our paper, from Havre de
Grace, accounts in some degree for the falling off in this last year
in the import of cotton into Liverpool. It appeared from that
article, that last year there were imported into Havre more than
200,000 bales of cotton—while the year before the amount was
about 100,000 bales. Now the average import, we believe, into
Liverpool, does not exceed 400,000 bales--we, therefore, see
that Havre has overtaken Liverpool half way. In fact, France is
making rapid strides in the cotton manufacturing branch of busi-
ness. We believe also that the Continent generally is making
rapid strides in the same branch of manufacture, and the United
States of America as well."

Our contemporary is wrong, we suspect, when he states
his belief that the average yearly importations of cotton
into Liverpool do not exceed 400,000 bales. We know
that the average of the last five years exceeds 530,000
bales. The Paper alluded to professes to give the actual
importations into Havre for the last two years; but be-
fore any conclusion can be fairly drawn as to the compa-
rative import of the two places, it were well that the ac-
tual importations at Liverpool for the same period, should
also be made known; the account then would stand
thus :

1925 1826
Imported into Liverpool ...... 703,000 bales 490,000 bales.
Havre........... 100,000 do.

The statement in question, we are told, " accounts for
the falling off of the importations into Liverpool." Can
it be possible that the writer of this paragraph was not
aware that very large Exports of Cotton took place from
Liverpool to Havre, in 1826. It would have been but
candid in him, (if, indeed, he knew any thing about the
matter) to have explained, that in the year 1825, in con-
sequence of the spirit of speculation, which prevailed so
generally here, the prices of this article were consider-
ably higher than on the Continent, so that the orders sent
from those markets could not be executed here ; and, there
are certain worldly minded men, who, strange to say,
invariably send their commodities to those places where
the highest prices can be obtained for them. Hence,
the Stocks in the hands of Foreign Merchants became
completely exhausted, while our own markets were
glutted to an excess. During the last year the
case has been completely reversed—and to this cause
alone can be ascribed the increased importations into the
Continental ports within that period; a circumstance
which, without the explanation, carries improbability on
the face of it ; for the manufactures of France are by no
means in the flourishing state thus represented. Accounts
have repeatedly reached us, on the contrary, describing the
condition of the French manufacturer as most wretched;
but suppose, for au instant, that which has been alleged to
be true—by what term can we designate those persons
who are continually seeking for statements, which, if
credit were attached to them, could only tend to depress
the enterprise, and damp the energies, of a class, upon
whom distress has but lately pressed so heavily ?—New
Times.