The Sun. — 1842-01-24 (London, England)

JOHN. RUSSELL has asked. the Opposition Members to meet him, and is prepared, by a bold and just policy, again to unite the bulk of the people around the Liberal standard.  With respect to the great question of the Cornlaws; that is now placed in such a position that the Legislature cannot shirk it. We need advocate it no more;, it has penetrated into the ,hearts of the people, and the abolition has become, as it were, an indestructable part of the national mind. The Corn-laws have been taken up by the ministers of religion, removed from the domain of 'calculating economy, and placed, like wilful " murder, in the category of crimes, To, argue that fraud can be beneficial, that murder is injurious,- is a ridiculous superfluity. In fact, the public has taken the question out of the hands of its newspaper advocates, and in spite of all opposition will carry it to a successful issue. The zealous and fervent men who carried the slavery abolition, and are now zealous also to carry Con,-law abolition, will admit, we are sure, of no compromise; they will not sit patient under, much less sanction, half a felony; and now that the question is in their  a complete blunder; be it France, where discontent continually endangers the existence of the throne; or be it England, where terrible diotiess brands our so-called paternal • Government as an imposter—where the proper work of Government is done with eNcri• an approximation to propriety and success. On "Ibis account the idea of extending the sphere.o the operations of Government over the sea seems -, at present pre-eminently ct„Lisurd. At the same time :the practical ignorance 0' f theo"-sea,poliee r.ealots is astonishing. -They suppaS` that there are fleets of pirates at sea, and that they sack and sink vessels and murder the crews, without their deeds ever becoming known ; while the facts are, that no single pirate vessel ever makes her appearance in the  - rdinary track of merchantmen without the C  unutance being soon known through every  Journals.  bands, sliding scales and fixed duties must both be given up.  By the arrival of the packet-ship Cambridge, Captain BARSTOW, at Liverpool on Friday evening, we have received New York papers to the  4th inst., being four days later than the last arrival from that city. The Ist being New Year's Day, was observed as a holiday, and on the 2d (Sunday) little or no business was done. On the 3d, business transactions were rather brisk, preparatory to the sailing of the packet. The year just closed had been very far from a prosperous one for the commercialists of the United States. Brightand cheering were the prospectswith which the American journals ushered in the year 18,11. The banks in Philadelphia had declared their intention of resuming specie payments, and fourteen days subsequently did actually resume them. The banks of Baltimore and Virginia, and those of the South and West, were expected to follow the example of Philadelphia; instead of which they resolved not to resume, and thus the whole banking system was thrown into a state of inextricable confusion. The Philadelphia banks could not stand alone, and thus the entire currency of the country at home became deranged to the material injury of the national credit abroad. To remedy these evils a Bank Bill was prepared, but when it was about to pass Congress, President HARRISON died, and his successor President TYLER, thought proper to veto to it, and thus leave matters as they stood. Congress is now assembled, but there are few indications that much good will be done this year. The amendments proposed in the Constitution, and the right of search question, are dwelt more upon than the monetary affairs of the Union. The currency is in a deplorable condition, and some States are without a currency at all. Stocks of all kinds have fallen within the year to a ruinous extent. As compared with the 31st of December, 1840, the 31st of December, 1841, exhibits a decline Of 25 per cent. in Pensylvania Stocks, 27 in Ohio, 57 in Illinois Bonds, 57 in Indiana, 34 in American Exchange Bank, 44 in United States Bank, 34 in Mechanics ditto, 60 in Farmers' Trust ditto, 65 in Illinois State ditto, and so on of all other descriptions of American domestic stocks. Much of this evil is attributable to the influence of newspapers opposed to the credit system; but the system must have been unsound which fell before the attacks of BENNETT'S Herald, notwithstanding their quotation by the London press. There is one piece of information brought by  UMMLinY OF NEWS AND übitc  " Who runs may read."  rOP.F.