The Sun. — 1844-03-26 (London, England)

LONDON, TUESDAY, MARCH 26, 1844.  Ministry," the elect of the landlords, the tenantfarmers, and the Church, must have made an awful impression on the Treasury benches, and could not fail to remind Sir JAMES GRAHAM of a venerable proverb, which, in his fit of Tory enthusiasm, he had utterly forgotten. All good men will rejoice in this display, and will honour Lord ASHLEY for casting to the winds political ties, when they interfere with the wrongs of the oppressed. Let him pursue the same honourable course, and he will compel even the RICHMONDS and BUCKINGHAMS to do justice to the people.  We redeem our promise to-day, of examining the statements comprised in Mr. JOHN GLADSTONE'S letter, entitled " Considerations connected with the Renewal of the Charter of the Bank of England." In conformity with the example set him by his right honourable leader, the Premier, we apprehend the sentiments of the President of the Board of Trade, on the most important questions connected with the present condition of our currency, are very strongly opposed to those of his father. Nor are these solitary examples—we believe—of similar remarkable conflicts of opinion between the heads and the " heirs" of leading families in Liverpoel and Manchester. But we notice the circumstance only to found upon it an argument that the measures adopted by the Government of that day, in the attempt to confirm the currency to a standard price of gold, as determined by the Act of 1819, had not the concurrrznce of many among the very highest practical authorities in the kingdom, who then protested, and still live to denov.nce it.  Lard BROUGHAM presented a petition from SHORT'S ironworks, Lanarkshire, praying that females might be allowed to resume their labour in the iron and stone works in Scotland. He at the same time adverted to the Factory Bill before the other House, arvi condemned the conduct of those parties who wished to restrict the industry of the poor. Men, he said, who would legislate so as to give twelve hours' wages for ten hours' work, did not know what they were talking &Aut.  The Bishop of EXETER moved for copies of all correspondence from the Poor-law Commisioners relative to the case of MARY MILLER, who committed suicide in the Penzance union. Afcer a few remarks it om Lord WHARNCLIFEE, the motion was withdrawn, and the Mouse adjourned. In the House of Commons, a division took place lan the second reading of the Harrowgate and linaresborough Railway. Mr. L LAWSON moved the second reading, and Mr. B. DENISON opposed it in the usual form. The second reading was carried by a majority of seven.  After the prese.ntation of petitions, Mr. MACAULAY gave notice that, soon after Easter, he should submit resolufons the House, relative to the late transactions in. Gwalior.  Mr. notice that, before the Commons Inel'Aure Bill went into Committee, he should move that it be read that day six months. In answer to a question from Mr. FERRAND, Sir ;JAXIES GRAHAM said he would postpone the further .consideration of the Poor-law Amendment Bill till after Easter.  The opinions of a man like the senior member of  hands of the Bank_ direction, but does not revert to the cause of those consequences " These results may in a great measure be imputed to the nature and objects of THE CONFLICTING INTERESTS which are intrusted to the care and management of the Bank Directors—viz., the public interests on the one hand, and those of the Bank on the other. To preserve public confidence, and to regulate the currency of the country, as well as our foreign commercial intercourse, IT IS NECESSARY that a considerable stock of bullion „should at all times be held by the Bank, sufficient to meet any exigency that might arise either from panic at home, or excessive speculative importations from abroad, the last exceeding our ordinary means for payment, and requiting provision to be made for the deficiency in the , precious metals." Mr. GLADSTONE'S view of these "tonjtiefivig interests," between the public and the Bank—aluxrds, be it observed, in NECESSARY antagonism, whe:iever the bullion price of gold in the maxket is higher than the Mint price—is confirmed b,-,t a passage in the speech of no less an authority than the framer of that very Act of 1819 himself! 'The present Sir ROBERT PEEL, in his memorable stttech, on moving the Currency Resolutions (24th May, 1819), quoted from the report of the prtceedings which had taken place at the Bank, four days previously, a paragraph, in which the Direeto'rs submitted to the Government, among other things, the following considerations :—" They feel themselves obliged, by the new situation in which they have been placed by the Bank Restriction Act of 1797, to bear in mind, not less their duties to the establishment over which they preside, than their du' ties to the community at large." And, in commenting on these expressions, the Right Hon. Gentleman said he felt that this assertion was a melancholy truth. He asked the House to relieve the Bank from the duty which had thus been thrown upon it. A strong impression was made upon his mind as to the necessity for relieving it from the duty of attending to the concerns of the country at large. It was the , duty of Parliament, and not of the Bank, to take care of the pecuniary and commercial concerns of the nation generally. He certainly thought it was the duty ) of the Legislature to endeavour, by great exertion, • to resume that duty which had thus been delegated to the Bank.  the house of