The Sun.
London, England, 1825-01-12 00:00:00

[MORNING CHRONICLE.]

N. M. Rothschild, Esq. in conjunction with
Messrs. Baring, Brothers, and Co., is confidently
rumoured to have been the successful candidate
for the remainder of the Brazilian Loan, and thus
the interest of a powerful party is added to that.
(equally respectable) of the late contractors, in
support of the credit of the -new independent
Brazilian Empire. This money is to be paid to
Portugal, for the acknowledgment of a fact which
his Most Faithful Majesty cannot deny, and it
is attended by a commercial treaty betwixt .the
kingdom of Portugal and the empire of the
Brazils, which will confer greater benefits on
both, than could ever have been obtained under
the old system of the Mother Country and
distant Colonies. His Britannic Majesty has
also acknowledged the sovereignty of the Bra-
zilian Empire, and Sir Charles Stuart is-appoint-
ed his Majesty's Ambassador Extraordinary at
the Court of Rio de Janeiro. Sir Charles is in-
timately acquainted with the politics of Portugal,
and also with those of France, having for many
years been the Representative of his Majesty at
these Courts, and it is impossible that a Diplo-
matist could have been selected more capable of.
performing the important duties of his Bri-
tannic Majesty's Minister in Brazils. Thus
are the principles of independence, civilization,
and free trade daily gaining ground—princi-
ples, the practice of whit.}► will hand down to
posterity the name of Mr. Canning, and will ren-
der the reign of George the Fourth far more
splendid than has been his Regency. In Brazi-
lian Bonds, the improvement since Monday was
not less than Three per Cent. ; Buenos Ayres
Six per Cent. Bonds have reached 971. The ra-
tification of a cornn►ercial treaty betwixt this
Republic and Great Britain is expected to arrive
by the next packet, now daily looked for. Co.
lonpian Bonds were yesterday One per Cent.
dearer than they were on the preceding day. In
.those of Mexico, although they were dearer,
there was a less important improvement. Chi-
Han Bonds were dull, and did not undergo any
alteration in their value. The same may be said
of those of th►e Republic of Peru. Greek Bonds
were fully as dear as they were on Monday, and
would be in much higher credit if greater con-

cord prevailed amongst the Chiefs of Grecian
independence. Experience, however, the great
teacher, will before long convince them of the
necessity of sacrificing private feeling to public
good. No business has been done iu Austrian
Bonds ; but those of Naples were one-half per
cent. lower. Spanish Bonds have experienced a
decline of one-half per cent., which is excessive,
considering that they rank with that description
of palm which is sometimes thought worthy of
preservation for the sake of curiosity.

[MORNING POST.]
The observations which we made on Monday
on the superiority of our own Constitution, com-
pared with that of the United States, have re-
ceived an apt confirmation and illustration in the
papers respecting the Slave Trade, which we pub-
lished yesterday. That part of them for which
we are indebted to the American Authorities, are
absolute curiosities, in diplomacy and State af-
fairs. In the first place, we find the Senate
of Washington undoing what its own accredited
Minister himself had originally proposed ; and
in the next, we have Mr. Quincy Adams offi-
cially, informing Mr. Rush, that the President
differs tolo cwlo from the Senate on the subject,
with an intimation that he, Mr. Adams, concur-
red with Messrs. Monroe and Rush. A Con-
stitution which admits the Legislative, the Exe-
cutive, and Diplomatic Members of a Govern-
ment, thus to jar with each other, and as a
matter of necessity makes the fact known to
the other nations of the world, cannot, we pre-
sume, be a model of perfection. On the con-
trary, we should say) that a machine which works
so tardily,and withal so awkwardly and discord-
antly, so far from being worthy of imitation,stands
itself in need of revision and correction. In
expressing this opinion, we really are uninflu-
enced by the accidental indignity which the zeal
of his Majesty and his• advisers in the cause of
humanity, gave the Senate of the United States
an opportunity of offering to the Crown of Great
Britain. Had the treaty in question anywise re-
lated to time interests of England, such an oppor-
tunity would not have been afforded ; but being
one for the specific purpose of securing the liberty
and contributing to the happiness of the poor
ignorant African race, towards whom this coun-
try feels a disinterested and pious friend-
ship, our benign and gracious Monarch waved
something of etiquette, and warmly set an example
to the people of America which Kings would have
honoured themselves in following. But the Se-
uate knew not how to appreciate the benevolent
act, and have cast a stigma upon their own feel-
ings, and upon the character of their own country,
which cannot be too soon wiped off. What, be-
sides, has been the consequence ? That even in
such a sacred cause the strict forms of Sovereignty
will be hereafter observed, and his Majesty's rati-
fication withheld, until the American Legislature
shall have first revised the stipulations of its Mi-
nisters, and exhausted the right to make any
objection: The terms, however, in which Mr.
Secretary Canning has stated this determination,
land expounded the evils of the system that was
pursued, leave us nothing to add, but our ardent
admiration of the whole of that Right Hon.
Gentleman's letter to Mr. Rush. The North
Americans, indeed, are children in knowledge
of the sound principles of a free Government,
if they do not remedy the defect in their
Constitution, from which, in this instance,
a delay so greatly to be deplored has on such
frivolous scruples arisen. By being over jealous
of the power of their own servants, they are ene-
mies to their own welfare. If the President he
not adequate to the ratification of treaties, he is
not adequate to discharge the other executive
functions of the nation. Were Mr. Monroe a
Minister of England, and if possible treated by
Parliament, as the Senate has treated him, the
result must have been his instant resignation.
But such could not take place ; for our Constitu-
tion entrusts full power to the Ministers of the
Crown, and then holds them responsible for its'
exercise: In short, there is no other mode by
which a free Government can proceed smoothly,
effectively, and respectably.