The Sun. — 1844-06-04 (London, England)

THE SIM, LONDON, TUESDAY EVENING, JUNE 4, 1844.  tions, would have to be tied down, and lopped and mutilated, more or less, according to the fluctuating dimensions of that system. This was a result which the concoctors of the Bill seem to have anticipated as possible. So, in clause 5, power is given to her MAJESTY in Council, on application of said Governor and Company of the Bank of England, in the event of any now issuing banker discontinuing, after a certain date, to issue his own notes, to authorise the said Governor and Company " to increase the amount of securities in said issue department beyond the total sum of 14,000,0001., and therefore to issue additional Bank of England notes to an amount not exceeding such increased amount of securities specified in such Order in Council; such increase not to exceed twothirds of the amount of such discontinuing banker's authorised issues."  Let us suppose the case of these concurrent contingencies, viz., (I)—the sudden extension of an old or opening up of a new market abroad for the sale of our manufactures, at so advanced a period of the shipping season for the distant regions, wherever the markets are situated, as to admit of no delay in making the required investments or exports ; (2)— on a recent serious contraction of the Bank of England's issues of paper, under the provisions of this Act, and a consequent drain of gold which has found its way to the Continent; (3)—the arrival of extensive remittances of produce from their want of money, from the insolvent American States, from China, from the Australian Colonies. Since, to warrant the increased issues whkh the Bank of England may thus make to the amount of two-thirds of the average circulation of the private bank declining to continue its previous issues, application must be made to, and an order be issued by the QUEEN in Council, and such order be formally promulgated and published in the London Gazette, what is to be done in the interval for the additional money or currency absolutely necessary to remove all transactions connected with such investments outwards, and such imports of produce, out of the destructive and barbarous operation " of that condition of barter, which is the haunting spectre so assiduously excommunicated by these bullionists themselves ?" Of the other provisions affecting joint stock and private banks of issue, we can only repeat our former opinion—that they compose one of the most tyrannous and clumsy pieces of legislation ever propounded to Parliament. But we shall enter more largely into this part of the subject next week, upon noticing the enlarged and greatly improved edition which has just appeared of the admirable "Letter to the Premier, by an Enquirer after Truth." The case of unskilful and inexcusable tampering with this vital question, which it alleges against Sir ROBERT PEEL, is the most conclusive that we have yet seen adduced.  We have received Madrid Journals of the 27th. The Gazette contains official dispatches, announcing the arrival of the two QUEENS and the Infanta at Valencia, on the evening of the 23d. They were received with great rejoicings. The Barcelona journals bring news of a very different description. More wholesale murders are thus announced in the Verdad:— " Twelve Carlists were shot at Morella on the 19th, among whom were two officers, a captain, and a lieutenant, who had served under Cabrera. Since the 15th of April 120 Carlists have been shot in Catalonia."  On Saturday the French Chamber of Deputies, after a very desultory discussion, voted the supplementary credits for the departments of Foreign Affairs, the Interior, and Commerce, and Agriculture. During the lengthened talk to which these votes gave rise almost every topic connected with foreign affairs had been touched by one speaker or another; and it is gratifying to find that England for once escaped without blame from any party. In fact, the rage against this country is wesring itself out, partly because there really is no ground of complaint, but chiefly, we believe, because the writers in English journals have generally treated the attacks of the Legitimatist and the Republican party with silent contempt. The Journal des Debats, in a humorous article, makes a few comments on the rambling discourses delivered by Messrs. THIERS, MAUGUIN, BILLAULT and Co. "In following the debate,', it says, "We have travelled from north to south, from east to west, with a facility of locomotion the very thoughts of which brings on giddiness. From Monte Video, whence we returned with M.