The Sun. — 1842-06-28 (London, England)

LONDON TUESDAY MORNING, JUNE 28, 1842.  The fruits of Sir R. PEEL'S policy are ripening fast. At home we have corruption, and there is springing from it abroad noisome and poisonous plants. Here we, have rottenness, and yonder grow the fungi, which contribute to hasten the general decay of which they are the signs. Sir R. PEEL has taught mankind to honour the principle of protection, and the Americans and Germans are practising his lessons. He and the renowned Parliament of England have thought it necessary, after mature deliberation, and after much warning and discussion, to levy a duty on foreign corn of 40 per cent., and the.Governmeats of the United States and of Germany propose to apply the same principle to their home-made woollensTo Sir 11. PEEL belongs the credit of having induced the Americans and the Germans to heap additional duties on the manufactures of Great Britain. Their new restrictions are planned contemporaneously with his, if they .be not their offspring.  There cannot be a doubt, if the present Ministry had proclaimed the principles of free trade which science has taught and experience has confirmed, and had acted on them, by opening our markets to the wheatand flour- of the United States, and to the agricultural produce of Germany, that at least those States would have waited to see the effects of the new system, before they had reenacted and extended the old one. Had Sir R. PEEL, too, instead of haggling with France about duties, lowered our duties on wines, adjusting them on the ad valorem principle, all the South of France would have been in arms to resist new duties on English eommodities, and the demand for higher duties on linen yarn would probably not have been acceded to.  But what are the principles Sir R. PEEL has recoil/. mended to the world? For months and years our. eople have begged and prayed for a free trade in food. Sir HOBERT PEEL came into office, in the midst of great public distresQ, and he has made it his especial business, after inquiring into the causes of that distress, to uphold the food monopoly in spite of the prayer of the people. He denies, therefore, that this law is the cause of distress, and by re-enacting it he has declared to all the world that the principle of protecting native industry, as this species of legislative plunder is called, is the only safe and sound principle of national policy. Ho has proclaimed by his conduct, that restrictions are the source of national greatness. The same principle runs through his whole tariff. For the first time he has given a general form to the principle of protection as applied to colonies, and established a whole series of differential duties. France, Germany, and the United States, therefore, are imitating his example. They are acting on the worn-out principle of protection, which he has consecrated anew. Ours is the most melancholy suicide that ever a nation was guilty of. Great, powerful, weialthy, and glorious by trade, we have laboured to put a stop to it. We have laid violent hands on the neck of our own power, and infected other nations with the horrible monomania of self-destruction.  The First Report from Mr. ROEBUCK'S, or the Compromise Committee, was made last night. It stated that JOHN WALTER, Esq., having been summoned to attend the Committee, had declined to comply with the sum-, mons ; and Mr.