The Sun.
London, England, 1842-04-11 00:00:00

znsive futureichanges, we must at the same time hold
n dishonour the signal inconsistency and breach of en-

gagemenis to which we (Jae the advantages, such as
they are, that we contemplate. Throughout there is
deceit. The agricultural hiterest was deceived with the
promise that there was to be no change of the Corn-

law, and the public are now deceived as to the extent of
the chanffe.
Mr. Hawes has exposed the trick for lowering the
averages :

"Forty-nine towns had been added from districts ge-
nerally growing wheat of an inferior quality,.while only
twenty towns had been taken from district 3 growing
wheat of the best quality. Now, he would ask the Right
Hon. Gentleman, whether he could 'show that he had.
added towns from districts growing wheat of the finest
quality in the same proportion as l'rom diStricts where it
was inferior ? He could defy the Right Hon. Gentle,
man to prove that. He (Mr. Hawes) would next refer
to the return respecting the fifteen agricultural towns,
and in that paper there was the peculiar features that
London had been left out and Liverpool added.—(Hear,
hear.) London, where the highest prices were invari-
ably had, was left out ; .and Liverpool, where the lowest
prices prevailed, was added.=(Hear.) .He would ask why
this was done ? He was bound to say that the tendency
of the measure was to afftct the averages as against the
public." - - - - -

This is what we expected from the first ; the duties
are reduced, but so are the averages, so that the one
thing is a counterpoise to the other, the lowering of the
averages and the stringent mode of taking them being in
effect equivalent to raising the duties.
The Irishman,who found his blanket too short to cover
his legs, hit upon the clever expedient for lengthening it
of cutting a piece from the top and sewing it on to the
bottom. This is pretty much what Sir Robert Peel has
done for the amendment of the Corn-law ; what he has.
cut off from the duty he has tacked on to the averages.
To be sure he solemnly protested that 'he had no in-
tention to counteract the reduction of the duties by the

depression of the averages, but he has done it neverthe-
less ; but the. Liberals in opposition are by far too com-
plaisant to advert to these things, and are only eager to
put their faith in sonle new engagement. Thus, a suspi-
cion' having gained ground that Sir Robert Peel was fish-
ing for the income tax with the bait of the tariff bill, and
that if he secured the tax he would not care about losing
the bait, a declaration that such was not his purpose was
elicited from him (which was obviously a profession of
course, for he could not have confessed to such a design),
upon which divers members professed to be perfectly sa-
tisfied, and Mr. Ellice had the face to say—
" He knew enough of the Right Hon. Baronet to believe
that lei meant honestly what he said."

Mr. Ellice, then,- either knows much more or much
less of Sir Robert Peel than anybody else in the world.
There is not a man of the Premier's own party who be-
lieves that he means honestly what he professes. Those
who think best of him would but say—
" I do believe you think what. now you speak,
But what we do determine oft we break.
Purpose is but the slave of memory ;
Of violent birth, but poor validity,
Which now, like fruit unripe, sticks to the tree,
But fall unshaken when they mellow be."
Certain it is that in the ripeness of Sir Robert Peel's
opinions they drop to the ground, and his party have
therefore naturally lost all reliance on his professions,
and we cannot see why opponents should have a faith in
his engagements which his supporters have not.
Sir Robert may keep his word as to the tariff, he may
or he may not ; but the event will not depend on the
promise. And here let us advert to the different prin-
ciples on which he proposes to deal with the income tax
and the tariff. In the income tax he declares-that there
shall be no discrimination, no regard to varying interests,
inflexible injustice is to be the rule ; but in the Tariff
•

" Many important interests would be seriously affected
by the alterations proposed, and it was considered but
just to give. the parties an opportunity to hare the sub-
ject duly weighed before the measure was introduced, in
order that the tariff might undergo inch changes as cir-
cumstances seemed to demand."

The protected interests -concerned- in the Tariff Bill
are to be treated with all respect and consideration, end
justice is to be studied as to their ; but the Income Tax
is to be imposed•without any regard to the inequality or
unfairness Of its pressure on different means subjected to
the .sauce rate of charge. Thus the measure for
burthening the public is 'to be inflexibly applied,
bat 'that' for relieving it is • to be subject to
alterations which the interests protected at the expense
of ttie rest of the community may be able to extort. The
tariff is thrown open for a scramble for.exemptions and
deductions, and amidst the pushings of the interests the
poor public n:11 go to the wall: _ _ _

A -eery exagge—rated. measure of praise has. been given
to the projected amendment -of the tariff. That it de-
serves'praise we do not deny, and we would concede to
it:as--much as Orlando bestows on his horse, to which he
attributes all excellent qualities, against which is only to
be set off the one fault, that life is not in him. The life
of a- wise and just tariff would be the abolition of the
Corn Monopoly, the master nuisance of all. By Sir
Robert's partial scheme various branches Of industry are
to be opened to .competititn, but the poor'concerned in
them are to eai..i their•bread on the rule. of competition,
mid to eat-it -at 'the price of monopoly.

MONEY MARKET and CITY NEWS.

SUN.—The prices of the English'Funds were not quite
sa good at the close of the business as they Were on Friday.
The trifling decline is assignable to no particular cause,
the extent of business having been but small. Consols
left _off at 901 90 for Money and for the Account ;
Bank Stock, 1661 1671 ; Exchequer Bills, 36 38 prem.
The Foreign Bonds were all flat, and in some instances
rather lower. Mexican were last quoted at 40i 41; ;
Colombian, 27427 k ; the Portuguese Five per Cents.,
36 36} ; the Three per Cents., 21 21-i ; Spanish Actin••
Five per Cents., 25 25i ; the Three per Cent. Stock,
25i 25f ; the price of Belgian was 103 k 1041 ; Brazi-
lian, 67i 68i ; Danish, 80} 81 ; the Dutch. Two-and-a-
Half per Cent., 52f 52i ; the Five per Cents., 100 1001.
Railway Shares were without material alteration. Bir-
mingham were 85 87 ; Great Western, 28 29, the Half
Shares, 14f 151 premium. Birmingham and Gloucester,
56 58 ; South Western, 60 61 ; Gosport, 60 61 ; North
Midland, 70 72, the New Shares, 35 -1 ;131ackwall, 12 f,
the New Shares, 10 I; and Brighton, 36i 37i per share.
South Eastern and Dover, 21-i 21 ; and Eastern Coun-
ties, 13i i discount These prices show an improve-
ment in North Midland and South Eastern, and a
trifling decline on Great Western and Brighton.
Several very heavy payments for produce fell due
to-day, and, among others, the prompt of the January
Indigo sale. It has seldom occurred that they have bean
so regularly and easily met as upon the present occasion.
The reduction in the rate of interest, may have par-
tially contributed to this ; but a large amount had to be
remitted by the country buyers, to complete their pur-
dhases of Indigo, and which must necessarily have been
provided for before the alteration could have had any
effect This would appear to lead to the conclusion that
mercantile affairs in the country have somewhat
im-
proved, and this conclusion is strengthened by the cir-
cumstance that the orders for purchases for the home
trade are, it is expected, numerous for the quarterly sale,
which will commence on Tuesday.
There has not been a single foreign arrival, from any
part, to-day.