The Sun.
London, England, 1822-06-11 00:00:00

Strangford. We think the next courier will put'
an end to all uncertainty on this point. All
that is known for certain is that some disturbances
have broken out among the numerous.troops on
the shores of the Bosphorus, who vehemently
demand to be led against the Muscovites. Fur-
ther details are impatiently expected.
VIENN 1, MAY (27.—The Messagiere Moden-
ense, of the 18th of May, gives an account of the
assassination of the Provincial Director of the
Police, Giulio I3esini, on the 15th, in the even-
ing, by two persons, one of whom ran a dagger,
or rather short sword, through his body. lie
survived a couple of hours, during which he re-
ceived the sacrament, and pardoned his assassins,
declaring that he died in peace, because he
fell a victim to the performance of his duty.
—His Royal Highness, our Sovereign, deeply
affected at the loss of a faithful servant,
who has fallen a victim to his zeal in the per-
formance of his duty, has directed every ex-
ertion to be made for the discovery and exem-
plary punishment of the perpetrators, and has
written a letter of condolence to the widow, in
which he says, that, having intended to raise Be.
sini to the rank of Counsellor of the Govern-
ment, he has been pleased to grant to her a,pen-
sion equal in amount to the salary of a Counsel-
lor of Government.
A new victim to the fury of the wicked sect of

tract the to :n may . extend to the four points which have been
mentioned, since,without this circumstance, propositions found-
ed on any loan operations cannot be admittede however advan-
tageous ; public -opinion being prejudiced by the idea, that the
Government acted only on a limited and insufficient authority.
I communicate this to your Excellencies, by the royal order,
that it may be communicated to the Cortes with all the expe.
dition which the subject requires."
The resolution of the Cortes, in reply to this communication,
was couched in the following terms :
" Most excellent Sir—The Cortes, taking into consideration
the proposition which your Excellency has submitted to them
in the Message of the 27th instant, and especially that the rea-
lization of the loan will render necessary the establishment of a
Great Book, the creation of a sinking fund, the application of
several branches of the revenue to these establishments, and
the reduction of the whole or part of the foreign debt to a
new loan, to be included in the Great Book, have resolved,
that the Minister of Finance be authorized, by the permission
of the same Cortes, to take the necessary measures that the loan
agreed upon be realized in the mode the most convenient and
advantageous to the nation.".
In this manner the Cortes, in their second order, sanctioned
the prOposition which the Government submitted to them, to
have a Great Book, a sinking fund, and to reduce a part of the
foreign debt, &c. In virtue of this, therefore, the Government
deemed itself authorized to make the contract. He could wish
that the Minister of Finance should rectify an opinion which
did not arise from the subject itself, but from extra-judicial in-
formation. He had heard that the resolution of the Cortes did
not appear in their Journals at the time, but that it was after-
wards delivered to the Minister Vallejo.
The present Minister of Finance replied, that he knew no-
thing of .this.
Senor Ferrer begged that the Speaker would read the act in
which the permission of the Cortes was stated.
Senor Canga continued.—The lion. Member desires to say
that this permission does not appear from the act : it does not,
but it appears from the report which proceeded from the Com-
mittee of the Cortes; and he held that resolution to he good,
because it was signed by the Secretaries of the Cortes, and be-
cause it was not of a nature to be contained in a decree of
that body. Out of regard to this declaration, the Government
thought that it was authorized to execute ,'loan in the terms
which it had proposed. lie could not believe that the Cortes, in
their second declaration,meant to restrict the powers which they
hed granted in the first ; and by these powers the Minister
was authorized to contract for a loan in the most advantageous
manner. The result has proved to some, that what they had
done was not the most advantageous; but different persons
formed different calculations on this subject. At all events,
the Government was authorized to act as it had done by the
manner in which the Cortes drew up their decree ; but the coin-
mission has not said that the contract should be declared null.
In this respect Senor A;ellano had not been explicit. The com-
mission only said that it could not recognize, and it ought not
to recognize, the contract in the terms in which it was couched.
Thus the commission confined .itself to the proposing that the
effect of the contract might be suspended, and believed that the
Government might have been persuaded of the authority
under which it acted, making it by virtue of the declara-
tion of the- Cortes and the sanction of the King. In these
circumstances, he repeated, that as the Government found
themselves situated %in making the loan, and believed them.
sITTI:V.G OF 'run CO RTES OF THE 31ST OF MAY. selves authorized to conclude it upon the terms in which it had
been concluded, the majority of the Commission must have be-
The report of a majority of the Finance COM-
lieved that there was ground for not adhering to the opinions of
mission on the Loan contracted on the '29cl De- the minority evlidaCted along with them. The Cemmission
cember last, by the ex-Minister of Finance, Don could not forget the operations of a Minister of Finance who
, was read and contained the fol- has left among Its greater renown for his errors than for his
Angel Vallejo
7 wise conduct. They could nof resolve to suppose, that an obli-
lowing articles:— - gation contracted by the Government should be held as waste
Ist. That the Cortes neither can nor should recognize as the paper • they therefore only declared, that they would suspend
result of their authority conferred upon the Government by the the effects of the treaty, and would re-enter upon the transac-
decree of the 27th of June, 1821, and the resolution of the 28th tion, to prevent the losses which in another case might have
of the same month, the connect for the loan formed on the 22d been experienced. A liberal Government cannot do otherwise
oC November with the houses of Ardouin and Hubbard by the than proceed in this affair with much circumspection ; the ma-
ex-Minister of Finance, Don Angel Vallejo, on account of his it:city of the Commission has abstained from saying that there
having exceeded the limits of the saicrauthorization. is any infraction of the constitution by the Minister : it only
2dly. That the Government, suspending the execution of says that his conduct should be submitted to the commission of
the contract, should arrange with the house of Ardouin and responsibility to examine into the point. He concluded by be-
Hubbard the means of avoiding the prejudice to third parties,' seeching the Cortes to recollect that the honour of the Nation
and repairing the immense losses already occasioned to the na- was at stake.
tion, affording thus a new proof of the desire of the Congress Senor Falco said, that he would not enter into the particulars
to leave untouched good faith and national honour. , of the loan, nor into the disadvantages or advantages it might
3dly. if the Government cannot reverse this transaction, it produce. His opinionevould always be against loans, especially
will communicate to the Cortes for their final disposition, as as this kind of negotiation had become a species of art so coin -
likewise for their approbation, the contract which it may be plicated and so difficult, that it was confined to a few mercan-
enabled, to form. tile houses of Europe who engaged in it. He feared much that
4thly. To leave the Government an absolute independence the Nation had become victims of the superiority which was oh-
for this operation, and to enable it to wait for peremptory con- tained over them in thiskind of knowledge. He concurred in
aditions, it will be authorized to negociate with national or fn- the opinion of the commission on tow point, but not with re-
reign houses, the sum which will be requisite to co:nplete the gard to the defect of powers in the Government to conclude the
200,000,000 of reels. contract, nor the breaches of the Constitution which are said
lithly. In both cases the Government will submit .to the to have beenin which the Treasury incurred. It was necessary
laced at tto know
he time,
the cir-
• Cortes, for their approbation, the plan or project of the loan. cumstances
6thly. The Government will proceed in the whole matter the absolute scarcity of money under which it labour.
with the greatest expedition, because the public expence of the ed, when the Government was autlorized to make the
present economical year must be settled, and the Cortes must loan. Under these circumstances, the Cortes passed the two
soon close their sittings. decrees which had been referred to by Senor Canga ; and, he
7thly. That the peesent measure be submitted to the Corn- asked, didnot the authority given to the Ministry to realize a
mission for cases of responsibility, that it may propose what is loan, contain an absolute and general power, which embraced
proper to be required of public functionaries who have, directly four points, referred to in the last of the said decrees ? With
or indirectly, taken part inthose infractions of the Constitution regard to the alleged infraction of the Constitution, he would
and of the laws which may have been committed in the articles only say, that capitalists, both foreign and national, are autho-
of the contract entered into by Don Angel Vallejo. rized to exact those conditions and securities which their inte-
Several Deputies begged to speak both for and against the rest requires, to protect
atehemselves against all human vicissi-
whole of the report, and tudes ; and this formed ason to justify the exclusive privi.
Senor Ramirez de Arellano read a discourse, of which the lege or the monopoly.for which the compact had been censured.
following is an abridgment :—A subject of this importance, he ln an economical
.point of view,
_looking upon it as a
wide required required the most detailed examination. The point don by which Spain had received a great part of the stipulated
under consideration was,whether they were to reverse an opera- instalments by which the Treasury had been able to meet the
tion ruinous in itself, according to all the calculations present- most urgent and peremptory demands, he would ask, if, in a
ed, by the Finance Commission, disgraceful to Spaniards by negotiation of this nature, it would be more advantageous to
the conditions on which it was contracted, and, lastly, invalid, continue receiving the instalments contracted for, or suddenly
both on account of the want of power in the Minister of Finance to enter upon a new loan without having the means of meeting
who concluded it, and the terms on which it was formed. Con- existing obligations ? He asked if it would be more economi-
sidering the enormous mischiefs which this contract was cal- cal to hold than to restore the instalments already received, re-
culated to create, it appeared impossible that any Spaniar t
d sorting to a new loan, in which they would not find speculators
.could be found who could sanction it by ids signature; but, o enter with much confidence, considering the results of which
leaving out of view the losses which it would occasion to the they were now speaking ; or, if it would not ra:her suit their
State if it were carried into effect, and likewise the disgracefur own interests to sustain the existing contract ? Weighing these
terms on which it was concluded, the first question winch pre- considerations maturely, he was compelled to say, that he would
sented itself was, whether the Minister of Finance, Vallejo; adhere to the loan of November 22d, but with the understand.
had powers to make the contract; and, secondly, even if he ing that it be referred to the Government t m
o ameliorate the con-
had, whether the Cortes ought to approve of it, some of the ditions, if possible, giving an account of the result to the
articles of it being breaches of a fundatnental law. The au- Congress.
thority which the Cortes conferred upon Vallejo was, in sub- Senor Adan observed, . that those who opposed the report of
stance, that he should enter into a contract which Should be the Commission, had, in his opinion, availed themselves of
most advantageous to the nation. It was a well known maxim reasons that went to support rather than destroy it. The Coni-
that no officer empowered to execute a particular commission, mission has been desirous that in the result of the operation
ought to transgress the limits within which his commission is now under discussion, the national credit should not be com-
restrained ; and if this is a good general rule, how much more promised, and could not do otherwise than recognize the par-
ought it to be regarded when a matter of so great importance as Mule circumstances in which the ex-Minister was placed
the happiness or ruin of a nation is concerned. To say that when he enteted into the contract. Notwithstanding this, the
Senor Vallejo exceeded the authority of the Cortes, and the Cortes ought not to sanction this loan,because authority to enter
powers conferred upon him by the King, to contract a loan, is into it at all, and to enter into it in authorizedarticular way, are diffe.
to say that those terms ought only to be fulfilled which they rent things. The Minister Vallejo wa for the former,
proposed, and nothing more ; but in place of doing this, the but not for the latter, as it did not result from the sanction of
Minister of Finance, straining the interpretation of the power the Cortes that he should form it in the mode that he thought
of the Commission f the Cortes, carried the matter much fur- necessary; besides there is an evident exceeding of power on
ther than the Congress either wished or was able to authorize. the part of the same Minister in amalgamating the debt of Hol-
He would not examine the different parts of the contract ; it land with the new debt contracted, varying, consequently, its
was sufficient to state one article to give an idea of the whole. nature and disposition, which had been previously fixed by a
The 6th article, for instance, could not be examined without decree of. the Cortes. If he might be permitted to speak his
horror. In this article it was stipulated that if the present mind to the Cortes coneerning the 'ex-Minister Vallejo, he
system of Government should cease to exist by any unexpected would say, that he deserved compassion rather than censure
event, the contractors would not he bound to contain e their in- for, being responsible for the debts of a great nation, and pre-
stalments. Such a condition as this is offensive to the Mo- siding over an exhausted treasury, he was bound to adopt
some
narch, offensive to the nation, and in every view disgraceful. plan to meet the poblic exigencies, although it imposed upon
In another article it appeared' that a Sinking Fund was este- him onerous conditions. The contractors couldnot but be aware
Niched—an establishment that could only he formed by the of those circumstances, and would take advantage of them at
National Congress. The Honourable Member stated several the time of making the contract.
oter objections to the existing contract, for which we have not The Minister o Financ the Govrnment felt, tak-
sphace. ing part in this disf cussion,e that it was thee work of none of the
Senor Canga expressed his opinion that the subject before individuals who at present composed it. This circumstance
Congress was one of the greatest interest, and begged leave, in animated him in undertaking the defence of the negociation to
the name of the majority of the Commission, to explain the a certain extent. The subject, he remarked, naturally divided
meaning of the report which they had presented td To do so, he itself into two parts—time legality of the contract, and the ad-
said, required greater knowledge than he possessed: but, avail- vantageousness of the conditions. The contract was legal, if,
ing himself of the indulgence of the assembly, he could not in entering upon it, the Minister did not exceed the power con-
omit to state, that on the 28th of May an explanation had been ferred upon him by the mould and in case any part of it was
sent to the Commission by the ex-Minister Vallejo, which to be annulled, that only be so in which the excess had
could not have been in their contemplation when they drew up taken place. On the 27th of June the Cortes authorized a loan
their report. It Was necessary, therefore, to take into view that of 200,000,000 reals to be contracted for on the best terms pos-
explanation, in order to be able to form their judgment in a sible. Who was to decide on the advantage of those terms ?
matter so delicate. All the inconveniences which the loan pre- —the contracting party for the nation ; and that uld only be
sented arose, in his view, not necessarily from the Government, done by taking into view the circumstances of then ation. He
but from the Cortes themselves : they arose from the mode in then proceeded to show that a contract which would he very
which the law authorizing the Government to make the loan onerous now, might have been very advantageous then, and
was drawn up. In the decree of the 27th of June, 1821, it was called upon those who opposed it to tell what terms could have
said that they authorized the Government to contract for a loan been procured. Unless they could do so, he must conclude
of 200,000,000 of reels ; but the Minister submitted on the that the Government had fulfilled most completely the oblige-
same day to the Congress the following exposition tions under which they came to act for the public interest.
" Most excellent Senors—The desire of Government in an —After this, he proceeded to show that the establishment
operation so grave and so delicate as the loan of 200,000,000 of, time Great Book and of the sinking fund, if they con-
which the. Cortes have authorized it to make, cannot be any duced to the public advantage,' could be no infringement
other than to attract by means of public opinion the confidence of the decree of the Cortes. The Governmerit was even so
of speculators, so that no doubt of the execution of the compact cautious and provident as to foresee that such a mea•
must influence in the smallest or greatest degree the conditions sure might afterwards be called in question ; and therefore,
which may he proposed. Attending to these reasons and con- by a second applicatioa, to the National Congress, had obe
sidering that perhaps the realization of the loan will' render it tamed its express consent. Nay, in their second decree, that
necessary to establish a Great Book, to create a sinking fund, body, instead of throwing obstacles in the way of the Mi-
to apply several branches of the public revenue to this establish- nistry, had given them broad instructions to act in the man-
ment, and to reduce the whole or include art of the foreign debt to a ner which they. thought would best promote the public
new loan for the purpose of being in the Great Book, terest. It being in his opinion, therefore, den.unstrated
the King commands me to petition the Cortes with the greatest that the former government was authorized to make the loan in
urgency that the authority granted to the Government to con- the most advantageous manner, he could not conceive a possible

the Carbonari has fallen at Cesena.
A hopeful young man, of the name of Crudeli,
had voluntarily quitted the sect, in consequence
of the last Bull of the Head of the Church. His
father was greatly pleased at this act of his son,'
but a few days after, the corpse, of the latter,
shockingly mangled, was found in the city-ditch.
A couple of daggers, bearing the secret marks
of the Carbonari, were still sticking in thebody.
Several notices were posted up at Cesena,
threatening all the members who withdrew from
the Society, with the fate of Crudeli. The local
authorities are using every exertion to discover
the perpetrators.

SPANISH LOAN.