The Sun. — 1840-06-06 (London, England)

PEEL. He lauds manufactures and commerce as the sources of the national greatness, and votes with the landlords to injure, if he cannot stifle them. He proves one day, at great length, the extreme folly and justice of taxing one part of the community to relieve another; and he votes for the Corn-laws, he spews for the Corn-laws, which tax the bulk of the nation to enrich the landlords. He praises indulstry (vide his Glasgow speech), as the only', road to eminence, and he crushes it under an epormous tax, which at once limits enterprise and jestows large rewards on idleness. For years he and his party resisted every attempt to put down the slave trade or slavery; and now, to curry favour witl the multitude, lie must speak for a somewhat Q,uikotic plan of civilizing Africa. This marked discrepancy between the past conduct and present professions of the Tories is neither accidentalnor temporary. It arises from the fact that they are the advocates of error. They are the chadipions of past ignorance—the defenders of follies !which time has exposed. The more knowledge is extended, the more the purposes and principles of government become accurately known, the wider must the Tories depart from their former principles, and condemn their former conduct, to retain the least hold of the public esteem. To what purpose, then, should the public now seek to place these men in power? To give a triumph to hypocrisy or to consummate tyranny ? The Tories must either go on with society, and must depart more and more from their principles, always professing one thing and doing another ; or they must adhere to their principles, must lay aside their present hypocritical professions when restored to power, and seek to mould society to their; stupid errors and their brutal policy. To maintain the Corn-laws, for example, without muzzling the press and prohibiting lectures, is avowed to be impossible. To muzzle the press and prohibit itinerant lecturers, is to undermine the foundation of social improvement. It would lead, by a straight and short path, to the re-enactment of all the sanguinary and cruel laws which modern civilization has put down, for without them sedition could not be suppressed, nor Tory policy pursued‘ The restoration of the Tories to office, whether it gave the ascendancy to hypocrisy or tyranny, would be no better than a social suicide.  It appears now, from Mr. O'CoNNELL's letter, Which we elsewhere publish, and from the various comments and statements of the Tory journals; that the late great meeting at Exeter Hall was designed on the part of the Tories to usurp for their party the honour of being the enemies of slavery. They want, by declaring a theoretical abhorrence of the thing abroad, to be allowed to practise it at home. The meeting was founded on that hypocrisy which distinguishes the party, and was very properly, therefore, addressed by some of the foremost members of the priesthood. It was altogether a Tory assemblage, and we do not see how Sir S. LUSHINGTON and Mr. FOWELL BUXTON can escape the conviction of having been either duped by their own great zeal, or of having yvillingly lent themselves to a deep Tory trick. Of the chairman, Mr. O'CONNELL implies the latter. He says—" Notwithstanding the many and general calls made on me to speak during the ousiness, I declined to come forward, as the chairman did not accede to the call ; and as, whilst there was anything to be done, I would not speak without the assent of the chairman, I assuredly had no notion of ' privateering after the war,' by speaking after the business was con eluded." The chairman, therefore, was the willing instrument of this Tory principle of exclusion, greatly to his discredit. Mr. POWELL BuxTorf may now pray that his avowed league with the ancient enemies of his cause, and his hostility to its longtried friends, do not inflict on it a severe blow, which he may regret to the end of his life. To destroy a well-earned reputation in a moment of spleen, or to sacrifice it to one bad passion, allowed for sorne temporary purpose to get the upper hand of discretion, is not an unexampled occurrence ; and may be the fate of Mr. BUXTON, as it has been the fate of greater men. To be the tool of bigotry, is more degrading than to be a bigot.  The Madrid Papers are of the 28th ult. The New Loan Bill was ready for a third reading. Ministers were in a great hurry to get the three hundred millions of new bonds into the market, which makes a sum equal to seven hundted millions issued in less than a year! The outcry against these bonds was load and general. Even the Spaniards themselves begin to manifest a general impatience of the continuance of such wholesale systems of swindling. The Queen Regent was ready to set out with her daughters to Catolonia. She was only awaiting the news of the fall of Morella. The 28th being the feast of the Ascension was a holyday on the Madrid Bourse.  German Papers of the latest dates have just reached us. The following are extracts from them :•-•