The Sun. — London, England, 1823-07-15 00:00:00

PARIS. PAPERS. PARTS JuLY 12.—Sittoe the biddings for the loan are at an end, so is all reference to the de lection of Generals Morillo and Ballasteros. It besides appears, that since the demand for the suspension of arms, two engagements have taken place between the Generals Bourck and Moritlo : we are astonished that the Ministerial Journals are not more forward to make.us acquainted with the result.—(Pilote.) It appears that the convoy on its Wity to the 'troops forming the blockade of the Seo d'Urgel, • which the Constitutional General Llobera has , laken„ consisted ' of 300 mules, and was escorted by 1000 men, and a rearguard of . 200.---(lbid.) It is rumoured that a serious action has taken • place in the neighbourhood of Manresa, between our troops and those of Mina.--(/bid.) BAN orsc,• JULY 6. ---Among the widow:Ate teems which we hoveleceived from Madrid, we select the fol. • lowing particulars, the correctness of which we of course cannot guarantee, but which, coming from persons who have the =Gala of being well informed, are not unworthy of attention : " MADRID, A:eV 1..-,-We by no means enjoy here the tran quillity which the art ival of the French and the establishment of the Regency seemed to promise. Confidence diminishes, anti the majority of the Spaniards apprehend that the struggle Will he long and sanguinary; their apprehensions are partly Coundetlen the conduct of the Regency; which they judge to be impolitic, inasmuch as it seems to.flatter and depend upon the unenlightened and ferocious part of the nation. The pro , icription of individuals of the better classes increases daily, and bet for the presence of the French, massacre anti pillage would have covered Spain with mourning ; . For this reason, people in • this eapital think themselves happy to have French soldiers in their houses, whom many do not quit even in the public walks and theatres ; the common people murmur at thii preference, end call the French who accompany the citizens Traitors or Ja.. cobins. Complaints have been'made to the Commandant, and several officers have been obliged to change their quarters ; but this abuse, it has been found necessary to endure, for If such eotiferations were not despised, the officers must be quartered in the houses of shoemakers and nimons e who could not:evens offer them a chair. "'!'his will give an idea of the unpleasant situation in which we arc, And of the rage or ,despair of' the partisans of the Faith, wllp are disliked even by the French. Addresses have been sent to the Regency from the provinces, demanding the re-establishment of itlsolute power, and of the Inquisition as that tribanal never tiffected the lower classes, they are pleased with this, and it is not probably for nothing that repairs are making.. th e prisons of the Holy O ffi ce in tide capital, Se ville, Valencia, Valladolid, and Logeono. Emigration con tinues, and all the Constitutional divisions have with them a train of' unfortunate individuals, who have fled to avoid the vengeance of the partiaans of the Faith, not to speak of those who have emigrated, and mill are emigratinpr to• foreign coon. tries. The Al embers of the Government at iladrid, elated by their triumph, have not agreed with the Counsellors of the • Duke, on the necessity of a reconcilation, and the annthema, has been pronounced, whence it result that the Constitu tionalists who are still in arms will not me readily lay them down. The Regency issues decrees from day to day, but they are not executed in the provinces, especially if they tend to require financial aid, so that the Army of the Faith is in want of every thing, anti subsists only on , requisitions, or the as sistance of the French t in a word, these latter are in the sante atttiatinn as the English were in the last war, who were forced to supply the Spaniards , with every thing, even tobacco; only that Spain had at that time immense resources, of which it is now destitute. ' 1 The scanty contributions that are levied are absorbed among the governors and their immediate dependents ; and in the provinces the disorders 'of the finances is ants height. G en'erals Molitor and Bourmont have propose d to raise wine Royalist battalione at Valencia anti Seville, but at the expellee of the French Treasury,, Spain being entirely exhaust , ed. The triumph of legitimacy rn Spain is certain, if the same aserifices continue to be made; but tharench must take care not to change their mode of proceeding. it is certain that the Constitutional divisions are destitute of resources." The following e is an extract from an authentic letter written '-by a superior Officer in the Army of General liallasteros:— " VILLE ti A, Jv lex 22.—1 take advantage of the departure of the bearer for Valencia, to let yes know how we are going ten. Since our departure for Arragon, we have net lied a mo ment's repose. Our army was then about 20,000 strong, but whim we arrived on the bank* of the Xucar we had lout above MOO recruits; and even since the battle of Aloha almost all • the conscripts have quitted us, so that we have hardly nine or ten thodsand men,. or whom I,Booare Officers, and dal includ ing the National Winds of Valencia, who have followed us. '" 'We may say that we are marching through an enemy's country, for the people every, where- receive us very ill, anti (ail us Jews and Jacobins; in truth, we well deserve these names; for, being without resources, and without emit:tura cation with the Government, we live only by requisitions, having been obliged to carry off all the plate from the churches to pay the troops. We bivouac every day. Ballasteros does not quit us either slay Or night ; the enemy follows us cloitely, sod we are suriirised at his boldness and the rapidity of his Innyements. We are not acquainted with the intentions of the Getieral ; but it Is thought that the greater part of our army will go tri Andalusia, and the rest will protect Alicant. All I cot affirm is, that the 9 or 10,000 men that we have, are firmly resolved to follow the General every where, and to die for the . Constitution."' It is in fact to be presumed that liellasteros will throw him.. self into Andalusia, where he was chiefly-engaged during the war of independence. We see that the counter-revolution has already taken place at Grenada. The rest of that great 'pro vince, 14Ialage included, will soon follow that example, and the Coisetitutionalists will be Masters only of the ground which they occupy. However, the removal of the Royal Family to Oldie seems to twee disaptiointed General Bourdesoulle, who will have net only to -blockade that city, but to keep in check Villacempa at Rombt, and the guerillas that Lopez Banos has on the right of the Guadaiquivere which are supported by • Ilsplajoe. 50w:re! small bands bite* tlteincelves on the road from Ma drid to Seville, which will make it necessary to have sufficient feenisons at Evkiii, Cordova, Cuithtd Real, &c. Bourdesoulle heti asked for reintbrcements, but they cannot he senthim at present without Stripping the capital. Gemmel 'Snack hay ln reamed ;2,500' Itmli from France, has retaken Leon, and hitt Generals, Huber and Albignac, have entered the Asturias. liars rnaitively affirmed that a division of Spanish and Porte. guteelloyelists, farming on the banks of the Minh° in Portu g will cuter tisiliciti by way of Chaves,- illonterez, Gritutte,-Which -would 'piste Merino in a had ptteition ' and' bring the civil war tato that province, which has hithertobeert 'The remeion of Mina at Barcelona was extremely brilliant • he brought with hint several French offices-A 1 . d 300 so ld i e rs, oriamiers of, war, and ette Gazette of ilarcelana says, that tie hest left is greater number in the varioue fintressee held by the tainstientioeal troops . . • The (emend made his entry at time head of 1,000, and left ' the: city on the 24th, with a fine division of 4,00 e men. We know nothing of his movements, but General Molitor has de. • t i thed from:Valencia a body of 4,000 men for Arragon. • A P l rerteh squadron eif one ship of the line,. a corvette, and three brige, 11 cruising before Cadiz. Two frigates have an. 'chored at Port St: friary, anti landed e quantity of money and some military stores. Several sums °fluency were also landed, at the end of Jane, at Santander,; and' the remittances by way .of Bayonne still continue. The army pays even for the lodging of the officers ; provisions are, in consequence, plentiful and net dear. • ne e even ing the approaehing departure of the Duke for Se. villkis spoken or. A great number of Portuguese emigrants arrive us Spain, eapeCially in °talkie. nAvon et e, ,T v7.—Reenieg.—Marguil Lauriston arrived ht4e yesterday at. two in the afternoon, with General St. Cyr Mugu ce. The fdli initant the Aide-de-camp of General Scheirer entered 'se. Sebastian, and came eeut accompanied by a Colonel, with wh 6 nla had a long conference on' the gl acis. • 'The tit, atone, the-hieutenant-Colnnel of the Militia of Salamanca came out of the fortress and went to the head-quar. eters of the blockade, where he remained two hours. He will :return tooorrow to the camp, either to treat of the surrender of St. Sebastian, or to repair to Madrid under,esgort. GREECE AND TURKEY. ODESSA, JUNE 18.—Letters from-Constan tinople of the 11th of thisquanth say, that the Parte has teceiv. ed authentic information or the organization of the new Govern ment of the Mares rAnd it appears that it beginti to renounce the delusion which made itexpect shortly to subdue that country. Greece presents at this moment a picture of perfect concord, whatever its adversaries may say. On the 27th of May, Lord Strangford transmitted to the Reis Effendi a circumstantial Note relative to the capture of five vessels under thew Russian flag, in whichitis Lordship threatens the Porte with the animadversion of all the Euro ,pean Powers; but the Turkish Government seems to pay little regard to it. The Ipsariots have been charged by their Government with the blOckade of the Dardanelles. ALEXANDItIA, Aynn.2s.—The flotilla of the Bey con ;ists of 10 ships of war and 20 transports, laden with provisions and ammunition, but without troops on board. Unfortunately the plague has broken out In the flotilla, which may delay its departure. It was waiting the return of the Viceroy from Cairo, but a letter from that city states that he has become ill. This second accident will perhaps delay the sailing of the flotilla, which is supposed to be destined to revictual the for— tresses of Crete. biltizaTr., JUNE 24.—We learn by a vessel fVom Smyrna, in 20 days, that the Capitan Paella. having 'quitted the Darda nelles, the Greeks immediately set all . their signalk and tele graphs to work to convey this news to bum and Hydra. The Capitan Paella put first into Port Oliveto and Mytelene, 'and a flag of truce was sent to the Insurgents with a.paternal let ter from the Patriarch of Constantinople, inviting them to submit. The Chiefs of the Insurgeniw have returned the Pa triarch's letter, saying ' 4 they did not acknowledge him, as he had not been chosen by the Holy Synod—that he was but an in, strurnent of the oppression of Greece—that they would defend themselves to the last extremity rather than submit-4*.zul that they never would accept this proposal." The Captain of thus ship says, that Admiral. Tonibaris ap proached the Turkish fleet in the night of the 4th. of Juneand cut off four small vessels. Another vessel , in thirteen days frorn the Archipelago, says the Turkish fleet has sailed towards Andros and . Negropont, and that the Week division stationed of Hydra had gone to meet it. FRENCH LOAN. (Front the Journal 4u Commerre.l then, the science of calculation become hypothetical or conjectural, like politics and medicine ? One would be tempted to believe that such is the case, when four monied houses, composed of, or• waisted by, the most correct and practised calculators; offer a price so different from the cur rent quotation of the fund's on the exchange. How does it hap pen that fur Messrs. Latitte, Sartoris,. and Lapanouze the loan of 23,000,000 should be worth 17. 75., the rente being at the time quoted at 09. 1i5., and that it should be worth 09. 35. to Messrs. Rothschild ? The means of supporting an operation of this importance, the difference in his own favour which each bidder may he induced to make, might easily cause a variation of ftem 50e. to 73e. in the offer ; but a diff - erence of 1.80. between three of the bidders and the fourth, . —thut is to say, more than 2 per cent. between the one offer and the other,—is what cannot be financially and mathematically explained. According to either of these bases, it is easy to calculate very correctly what the loan is worth in proportion to the current price of the stook on the day of the contract. The rente pur chased on the exehange•bears an interest of 2. 50. payable on the 22t1 of September; the- payments in 20 months of the loan bears interest only front the 22d of September next. Reckoning the deferred payments at an advantage of 25e. per I mouth, they are equivalent nearly to 2. MI., which the existing rent, produces, isn't thus equalizes the value of the loan and the stuck. nut it is proper and just todedoet from the vane attributed to the 23 millions dr mete, whatever advantage, is contingent, and the profit given to those who purchase wholesale, in selling by retail. These considerations were calculated in making the last' loans by' MAI, Deleseert, Hottinguer, and Baguenault, who obtained for it 2;50., having given 84.55. the day on which the route was 88. 5. This price was, nevertheless, thought very high ; it was nearly t. M. above the other biddings. We were In perfect peace, no war was apprehended, and the issue of remits was only 110500,000, whereas now it is 23,000,000. The three houses offering for the Loan have,lhen t on this oc casion, been more favourable to the Government;, since, under very different cirettnistanees, and fur an amount nearly double, their offer was only 1..80. below the price of the mite. Hence the general surprise expressed at the offer of Messrs. Rothschild, as soon as it was known—a surprise which spread from the Ministerial Bureau to. the Hall, and from thence to the Exchange. A circumstance which much augmented the wonder in one case, and lessened it in others, .was that the Minister's mini mum was 89f. We do not dispute that Messrs. Rothschilds possess great means for conducting such an operation, inasmuch as it can be sustained, portiettlarly with the assistance of a Government, which, without appearing so to be, is perhaps very seriously interested ; for there is no other guarantee for the sale just made, except the two-first payments, paid in advance by the contractors, valued at about 0 per cent., which may annul the loan if the price falls below 110 f., or what it was worth on the sth of April last. Messrs. Rothschild had to manage five or six months ago an operation of much lest importance, it is true,—the petty loan for the ICing of Naples, which they took at front 7.3 to -74 per cent., and which they still could not prevent from falling to 60. '!'lie sacrifices which events imposed on them at that period must have coat them very dear. They supported them nobly ; but what disasters occurred around them to which they could apply no remedy, and which ought have suggested to them a little more reserve in the colossal operation they have just under taken. It is a fine thing to be a Loam-Contractor-General to all the Courts of Europe ; but one ought to Put a high price upon this honour for ourselves, that others may not be made to pay for it too dearly. There are, indeed, no means sufficiently powerful to prevent or suspend the disastrous crisis to which the Paris Emehange may yet be exposed, while from +5O to 80 millions of floating renter, ready to be augmented by from 12 to 15 millions ari s in g from the loan, may he seeking purchasers at the same time.—. Besides, the scrip of the loan cannot have the same elasticity as the miler in the speculations of the Exchange, because money cannot be raised on one with so much facility as the other; and this, in a period of difficulty, would greatly increase the embarrassment. How long is it, then, ago, since the ranks. fell from 9.l to 76 ? • • What is, then, the real cause of to high price ?—Evidently the speculation, eventual or conjectural, on the transaction. If the minimum of the Minister was, in fact, 89f., what be had anticipated has been eothpletelrverified. • " Had not (says the writer of the article) the contractors con. sidered the Peninsular .enterprise as concluded at the moment of the contract for the Loati,,it is possible that it would not have been made ; tor the Minister?* Antininstenteltaving for its basis the opinion expressed le all his agents and instruments, that the war was a thing already ended, it was naturally higher than the offers of parties who iloubtleas have entertained a contrary opinion. Had all the bidderabsOn in this situation, the Loan could not have been contracted.' This, indeed, must have happened had not MM. Latittei Sartori*, and Lapanoure been the only bidders. We confess, however, that ak to the last party, our conjectures play' be less well-founded then with re. speet to the others ; hut how could it he anticipated that a Deputy of the Right Side, who, it was to be expected, would estunete the value of the Loan according to the same considera tions as a Minister, should fix Upon predsoly the same value.. tion as the Deputy of the Left ? This is not all; the same rummer of viewing the subject is shared by another house, which may be regarded as representing the two centres. May it not be thence inferred, that the Loan, contemplated with the cool ness *lath usually prevails hi the examination of question!: of profit and lots. has in That mmther been politically tried in France by all the different political opinions ? " According to Messrs. Lafittc, fiartoris, and Lapanouze, there ought to be deducted from 89- Gbh the value of the loan, 1. 80. for the unfavourable chances which the war in Spain still presents. " According to the Messrs. Rothschild, I. 80. should he added for the decisive and happy results which are to be imme diately expected from the war, and which will be their bonus. " These two very different opinions have occasioned the offer on the one part of 87. 75., and on the other of nn. 55, Such is the only rational explanation we can give of the enormous difibtence between the two prices offered for the loan, and the resul t may perhaps be thus expressed :-- ' 6 In the (labineta of Vienna, Berlin, and Petersburgh, the loan is valued at 00.55. 1p France it is thought to be worth only 87. 75." . . , POLICY OF RUSSIA. The Following Document contains an exposition of the policy resolved , upon at- Verona with re gard to the Spanish Revolution ST. PVICERSBURGII, JuwE,l2. The occupation of the capital of Spain by the French troops, and the restoration of order there,, seems, to fix, the point on which we may prove to demonstration the correctness of the resolution taken by the Sovereigns at Verona. What an ex tensive yet simple fre d. for the Imprejudieed'Observer, who seeks only pure truth. Great objects have alreadrbeen ob !tallied ;:, others will be so shortly. - Serious apprehensions are removed ; endure succeeded by the well-grounded hope that the tranquillity so much desired will. be attained: . • The judicious and unprejudiced ' observer could not • well avoid, in the course of last year, seeing two causes of alarm, which must be removed, unless Europe was.to.be replunged in all the horrors of revolutionary war, and all the points to be lost, which the purest wishes.and exertions for the happiness of nations had produced and cherished' during the last eight years. These two objects were the state of the Western Peninsula, and that of France; the latter was doubtless the most important to Europe, and therefore merited the most mature consideration. What was France in 1822 ? A voleano 4 over which one . walked with trembling. What was to be feared from. France ? That some accumulation of infernal ingredients would cause the volcano to bUrst, anti that the all-consuming lava would issue in a torrent,,like that of 1700. The Inevitable consequence would havvbeen new wars, the duration and the issue of which it was impossible to foresee. Nay, the Peninsula might'have boined revolutionary Frances and, thus the east of Europe have een engaged in a contest with the west, whiCh would probably have made Germany the theatre of desolation and bloodshed. If i mprejudieol individuals could not avoid feeling such appre hensions th 1822, how much more roust they have engaged the cabinets, which desired nothing so much as the preservation of tranquillity, to which all their endeavours were directed. Daily experience. showed that the elements of revolution were spread. ip France, not only among the citiens, bnt even in the army, which should be the free support of the Throne, or the security. of the French nation.. The mild Sovereign of France was compelled to rigorous measures, and saw with re. get that his increasing efforts to make his children happy had not the success which they' certainly would have had on other nations. Hostile winds brought from the West principles and !maxims which only served to kindle the fire on this side of the Pyrenees. They even possessed the minds oft persons who were called in the greet Council of Fiance to, co-operate on its real happiness. In fine, they threatened to destroy the! parts which the King pf. France was incessantly labouring to. mature. Such a state of things which,. in its possible consequences, aßcted all Europe, could not be disregarded. by the Sove reigns, and least of all could they escape the penetrating eye of en Emperor whO is so devoted to France. The great question, how this, state of things was to be remedied; must of course be' discussed at Verona, and it deserved the whole attention of the assembled Sovereigns.. Proceeding on the fundamental principles of the `ldol y Alliance, to uphold with a strong hand the restored order of things and the happiness of nations, the whole diplomatic ai:senibly at Verona already saw that it was high time to etop the sources which threatened, from the west of Europe, to deluge th e world will, n ew eu ti er ings, Only the means of obtaining this important object were to be considered. . We et course arc not going to recapitulate the proceedings of the Congress ; i w Jut we ee now admire the profound views,. and the elevation of mind, that were necessary um reach the goal where we now are : in is few words, the problem was, to make use of a nation notsyet tranquillized, to bring hack another nation, and with that till Europe, to full nsolidated repose.foundation of the proceedings adoptsd was a jug view of the history and character of the French nation, which, in the noble occupations of win and developed national activity, Always forgot the discords which, spread by the evil-minded, threa t ened to destroy t i le ' national , proaptity. The history of the last six months proves the correcaless of this estimate of the French character, and the wisdom of the meaSures adopted. France, since the• march of its. army, has; as was foreseen, returned to a state of tranquillity, in which a high.spirlted people is flattered at seeing its victorious standards wave in the territory . cf a foreign hull heroic nation. The people w hi c h thought 'Well humbled, finds itself again raised to the rank of independent nations, who are able to perform great deeds by their own exertion.s. It sees the name, of its future King en relied tathalist of acnerals who Will:defend his owls kingilotrt from attack. it saw a brave nation retire before its armies, and the majority of that nation tame to meet them with wreaths of victory. No more was necessary to attain the second great object mentioned in' he beginni ng of these remarks. • . - Let us turn our eyes to the Peninsula. As long as the great truth is acknowledged, that consistency is especially necessary in every government, statesmen and future historians will call . the resolution of , the 'Sovereigns to put an end to the disorders in Spain a wise one. 'Would not the tiovernments of Europe have been guilty of the grossest Inconsistency am! contradiction to all the conventions and reso lutions since 1816, if they had suffered the contrary to 'subsist in some parts of leurope ? lithe fire of revolution is to be quenched, it cannot be suffer ed to glimmer under light ashes, which the slightest breath may carry away. . • There have been persons who have found something great in the revolution in the Peninsula, because it had not degenerated into the horrors which distinguish that of Prance. Ilut must we wait for the very worst, before we fend any thing to disap. prove ?.. Ntrere' not the civil wars in Spada and Portugal suf. ficiene to make its detest the revolution which produced and supported them ? A people cannot be called happy, unless every individual citizen, by his own fireside, can look without i to the ensuing day. Did such a state of - thing; apprehens.on . . . ~ „t he French army I P lers-. exist in the PittIIIIHUJII btriare nut the blood of the citizens ailed by each othees hands ? Was not the majority subject to the oppression of: a patty Whiali despised a ll principle? Ilas not the French army been received as a delivering an g el ? The advocates of the re-action beyond the Pyrenees, gene. rally have the word Inquisition in their mouths, the re-estae bliehro e nt of which, atter time restoration, they pretend to have s 1 bivo th e true cause of the revolution. Bu t t h is is a tenet error. —lt is an acknowledged . fact, that after the expulsion of the French, th e re -establishment of that tribunal which they had ale). lished was con sidered by the whole Spanish nation as one of the main pinata of the Spanish monarchy: would not a thousand voice ha m e b een ra t tl ed against it on the King's return, htul not the principles imbibed by the Spaniard* from their infancy made them look on it as necessary e Would not the clergy, who were "'wars etnesidered as a branch of the Inquisition, and who doubt. less contributed to its re-establishment, havebeen the subject of illeeintit persecution, _irate nation had thought otherwise ? No Person, unlees actually weak in mind, will consider this s e as a defeats of t h e Inquisition and its frequent cruelties. The light of re e s ion , too strong in our times to call things good which it cannot typ o * * The efforts of time Christian Sovereigns are w° evidem to make tie lose a.word to show that they cannot' be inclined ticrteet the- Spanish Inquisition in particular, as it formerly e rds ised it* functions. W ,shoes how mean only to my how the Sp 4 in general thought before the Ist of January, , 1820, and Prove that the insurrection in the Isle of 140,01) is by .no -mean" to be attributed to the existence of the Inquisition. But it may lias-replted In this case Spain may be long deprived of the light of knowledge which other states enjoy; and this leads us to the 01 W/thin prinetple (d isputedbyman y mietaken persons) that great Pahitirchanges ought in reason to proceed fern the legitninite governm en t, He who will determine /of °lin, 0 P e " and corgtorehensire, must haven view ofthe whole, which cannot be acgdired but by extensive knowledge of the various interests or the state, anti by long . practice. Are there not thousaltds of difficulties when all the I nhabitants of a single town are um make resolutions; relative to the whole society and to essential changes in the constitution ? Allot not these difficulties be far history of our own time greater In a large'empire? arid how can an individual—a mili tary character forinetanee—even with the best intentions, exe cute such complicated undertakings' without falling into is thou sand errors at every step ? If this could not be proved hythe a heated imagination, some philosophical hypothesis against it might be listened to ;but the ,events in Naples; Piccll3loil4 11d Spain; should put . theorists to silence. Great and they originated in poli tical" changes were suddenly introduced; flamed zeal of some officers of considerable rank, while hired owed their apparent progress to time in and deluded journalists throw a lustre over their enterprises,— We should have thought the three nations would have sacrificed property and life for the new order of things'. . But when the n '" or trial citrite, the whole edifice sunk Into nothing. Why did it fall ? -Beentete th e maiority of three nations was con vinced that th e o ld order of t hi ngs was better than the new. Lord Liverpool h as bl ame d F er dinand for not having fulfilled the promises res e txting made in 1814 : b u t we apprdieral that his Lordehip did` not the organization of the State whi c h 'wad weigh the di ffi culties 01' i nt r oducing into a colunry like Spain new and'extensive changes, . a fter it had beat making every sacrifice for it* did institutions. ..' . Time mention of Lord Liverpool leads us to the apparently important point of the Mints es in the opinion of the Minister In our preceding columns 'we have inserted copious extracts from the Paris, Bayonne, and German Papers received since our last, The Journal du Commerce contains an ingenious ar ticle on the new French Loan, which, however, does not remove the impression upon our mind that there has been some juggle in the• trans. action. The Bayonne news represents Madrid as being in a very gloomy and precarious state, in . consequence of the insane and des potic proceedings of the Regency. The let ter of a superior Officer serving under Bar.. ,LASTEILOS admits that the army of that General has been redneed more than one half by the de sertion of the new recruits and conscripts ; but it edits that his force still consists of ni►nr or ten . thousand me►t who are 44 firmly resolved to fol low the General every where, and to die for the Constitution."—The intelligence from Trieste,&c. leads us to expqct shortly the news of important events between the Turks and Greeks. It is said, that the Tdrkish lleet had sailed towards An. dross and Negropont, and that the Greek divi sion stationed off Hydra had gone to meet it. All the accounts from Greece have for some time concurred in representing that the greatest exer tions have been made for the vigorous pro secution of the wur of independence l —that there is greater harmony and unity of effort than ever amongst the patriotic leade;s,—and that the continuance of the struggle is looked to without any apprehension of its, result. The,Seniiotileial Article; or 'Manifesto, from St. Petersburg!), on the " Policy of Russia," and and his colleagues, and that of the other 3/inisters - at Verona, respecting the affairs of the Peninsula. The main point is, does.such a difference of opinion respect ing the cause of the war really, exit ? We think not. Even the papers bath before Parliament show that England must be as hostile to revolutionary movements in E astir" as other nations. and they prove that British Ministera.considered the political changes in the Peninsula_ as opposed tnalie existing European system, Would they else have earnestly advised modifications in the constitution of Madrid ? But the Congress of Verona never asked any thing more than modifications, and an assimiration of the Spanish Constitution with' those of other States ; but all representations made to the Spanish Government were fruitless. , The King, who at the beginning of the revolution had decidedly expressed himself against it, became, from the day that he was deprived of the Cuneil chosen by himself, a passive instrument oFthe party in power, a prisoner without any influence in the Government. /Bs present Ministers and the Cortes rejected, with,.pride, and even With contempt, every proposal for conciliation. The Sovereigns, who had already shown in the cases of Naples. and Piedmont their firm adherence to the system they bad adopted for the welfare of the nations, could not hesitate. in the 'case of Spain, especially as civil war had i already broken out in that kingdom. France was here the most interested, as Austria had been in the affairs of Naples; and the duty of in terference was so evident, that the Allied Sovereigns not only approved the interference of France in the affairs of Spain, but even invited the King of France 'to employ it. The only difference with the Lnglish Cabinet was about the mode of interference. It' merely objected to the entrance of; the French troops into Spain—this was all. • lled it had a positive interest to prevent this armed interference, it would, in the eon-. sciousness of its own power and influence, have used other lan. guage. England did not fear any thing from the war - but from t slims ible consequences it apprehended thatibe new policy which disinterestedly Reeks the repose of Europe, might degenerate into the old policy, where interest predominated. It feared no. thing else ; • this,was the sole ground:on Which England refused its assent to the war; for, on the principles which led to the war, it agreed with the other powers ; whether the moderation and wisdom of the Allied Sovereigns give any reason for such apprehension time will show, unless it is shown already, as we affirm to be the case. From the war. between France and Spain, no other war will arise. We have been told that , the English nation, full of en-' thusiiisin for the Spanish Liberals, is ready to ke up arms for them. In this as in other points we have not been told the truth, With what ardour have the Parliament approved the neutrality resolved on by Ministers. lion decidedly was the niotion to repeal .the Foreign Enlistment Bill' rejected— a motion , that was evidently favourable to the Spaniards. We must leave it to the public to judge of the correctness of our observations ; but we think the calm observer, who reinem beis what his country and himself have suffered, and appre ciates the peace they now enjoys will acknowledge that the re.. solution taken at Verona. intended the real happiness of Idni and his fellow-citizens. Russia will always. look back with pride on, this period of; her history, and: on her great Monarch who disinterestedly employs his. vast power in securing the peace and tranquillity of the whole world. PRICE a Til IS DAY AT F STOCKS ONE o'cumtt. India Stock India Bonds 465. 471- South Sea Stock Old Annuities Ex. Bins 25 28 pr. Ditto Small Bank for Act. India for Con. Acct. Cons. for Account sal Bank Stook ~...... 3 per tent. Red.... .....021 83 3 per Cent. C0na....82ii ex d iv. 3,1 per Cent 4 5 per per C c e e n n t t . s .1s7 )1 1 1w , 99 :11 00 1_ 1i Bank honteiln.2o 1.8-16ths 21 Imp. 3 per Cents. — PRICE or FORELGN STOCKS IN LONDON, J via 13, AT ONE o'cr.ocm. c Five per Cents. 91. 1 Scrip, 21 pr. 1 Six per Cents. 00. Five per Centt. (Metallic) 00. Ditto New fin. Five per Cent. Bonds. 75. Five per Cents. (Metallic) 00. ( Five per Cent. Bonds, 1820, 00. Ditto- • 1821, 821,. ( . Ditto 1822, 00. p iumji7 .„ t Five per Cent. Bonds, 00. '"" , t Ditto New, 115. Danish., Five. per Cent. Bonds, `Bi as, div. Chili , O. Colombian Six per Cent. Bonds, 07. Peruvian ' . New Loan, 00. I' rowlk It umAian I\:ettpol iran A ustritin Spanish Bank Silures 1:21 es.. Seven per Cent. 94. Six per Cent. 92-99. Five per Cent. 98-97:. nip: per Cent. 68. American PRICE OF IRLSTI STOCK, JULY 12. Rank Stock -4141 Oxlnd Canal Loan, 4, p.et. aov. Deb. 3i percent.., , I 5 --,---Ditto 6 per cent. ... Stock, 3A per ct 92 1 : DittoStock ' - Gov. Deb. 4 per cent. r" - ) , yra; Coal Stock ......... 'Oov. Deb. 5 per cent. - ---Stock, 4 per cent. A' Do. Deb. with Gov. Sec.... New li Pipe Water Deb. .5 per cc. Treamnry Bills, 5 per cent.— Do. 6 per cent. City Debentures, 5 per ct. Ballast Office Goat. See- Lying in Hospital 4 per et..... 5 per cent. ...... ~, .... .. -- Exchange on London, ,lulyil, H. UIGHWATI AT LONDO htornins, 0 minttteig :tiler 8; 4 BRIDGE TOMORROW. Wetting, at minutes after U. TurE SUN. SQI,EIII ours nicgoE r4rsum 4upE4l. LONDON, TUESDAY, JULY 14, 1821 or the Holy Al:lance, sets or with asserting . that` ‘' the occupation of the capital of Spain by the. French troops, and the restoration of order there," demonstrate the correctness of the reso lutions taken at Verona.' It is not a little re markable, that the very same day which has brought us the document. containing this trium phant assertion from St. Petersburgh, his also brought, by the Bayonne Papers, a letter from Madrid- itself, and of a much more recent date, which commences thus We by no means enjoy here the tranquillity which the ar rival of the ' French and Me establishment of the Regency .seemed to promise !" —lf the assumption, on the' 2d of June, at St. Petersburg'', therefore, that the restoration o f order at MadridOvas to be taken as the proof that' the resolutjons adopted at Verona were wise and! politic in their conception, and have been just". and beneficent in their result, it appears to us, that the absence of tranquillily on the Ist of July. at Madrid itself, and the necessity which still existed in that capital of employing French soldiers for the protection of the respectable inhabitants, from the violence of the mob allies of the Uoly Alliance, must be admitted as legitimate evidence that the councils of Verona respecting Spain were determined by rashness and folly, and have hitherto been productive only of embarrassments and demo ralization as their fruits. It is the Russian diplomatist himself who has furnished us with this argument. It is true that the same conclu sion would have been obtained from the actual state of affairs in the Peninsula, whether the pre mature-exultation of the Russian Manifesto had or had not furnished so fair a mode of deducing the inference but it is not a little convenient to be enabled to" demonstrate" the accuracy of a proposition, on the very grounds furnished by opponents themselves! But it is not only respecting Madrid that we find a discrepancy between the assumptions of the politician at St. Petersburgh and the realities of the condition of the Spanish Capital, as nar- rated by an observer, who makes his statement ou the spot. The Russian Manifesto alleges that 44 France was in 1.822 a volcano, oval which we walked with trembling ;" and it unblushingly asserts, that the real object to be accomplished by the invasion of Spain, was that of a l f ‘ rnon b a r l i: ti lg ib a lr .( t hi g ai en b ig a : c ., k rb, d l u i s r i a il : yo c s ei e txi t op o : a ri le s wu t state of i s f eh t we r d.,aigst placed,.. elements hat oni oamoj,gf revolutionci tize nws r b e u spread en in i n France,: he ar n my o and in consequence of which " the mild Sovereign of France was compelled to adopt rigorous' mea— sures, and saw with regret that his. unceasing efforts to, make hit children happy, had not the success which they certainly would have had en other nations !"—Now, even supposing that this is a faithful representation of the state of France in 18, and to say nothing of the employment of violent measures against Spain, althOUgh mild, measures would not haye " failed to render any people, except the French, happy, we shalt; for the present merely prove that the condition assumed for France in 1822 at St. Petersbuigh,' was the very reverse of the real condition of. France • in the beginning of 1823, previous to the commencement of the Spanish war, as, exultingly proclaimed at Paris, by the King of . FUASCc himself, and from an actual knowledge of the political state of his dominions at that period. So far is it from being true, that at the beginning of the present year a foreign war was necessary for bringing back France to tranquillity, that Louis XVIII. at the open ing of the Session of the Chambers, on the 28th of January lust, gave from the throne, the following flattering picture of the in-, terns! condition of his kingdom Tli‘e situation of the interior of the kingdom iss, improved ; the administration of justice, exercised, by the juries, wisely and —rion•• rngeouslj directed by the Magistrates, has p ,ke t an end to the plots and attempts at 'cfvoti: which the hope of impunity emboldened.'"---- cr France owed to Europe the example or a pros perity which a people cannot obtain but by return to religion, to legitimsicy, to order, to true tibert.y.--TuAT 64LJTAIVI( EXAMPLE sig NOW GIVES;" 'Norfolk (Virginia) Papers arrived this mom-. ing to tho 21st: June. The following is * Pxt ra t " "JAMMU, MAY 22.-1 have the pleasure to inform you that Coro has been re-taken by our troops : the best regiment, called Regiment de Bergos, and belonging to the enemy, has been completely destroyed. On the nth instant the Colombian squadron, amounting in all to 2Q sail, including gun-boats, forced a passage over the bar into the lake of IVlaracaibo l 1914 imipg ~; A