The Sun.
London, England, 1825-12-21 00:00:00

GUILDHALL.

EMBEZ ZLE MEN T.—Yesterday, George Angel Lowe was
charged with embezzling some money, which he had received
on account of Mr. Valpy, the printer, in Red Lion-court,
Fleet-street. The printer was in-door clerk to Mr. Valpy, and
whenever any money was brought to the counting-house,
it was his duty either to call the partners, or to receive
it, and film pay it over. Evidence was called, which proved
that he received three sums of money, amounting to -01. 6...,
and never accounted for the same. It was stated that the ex-
tent of his embezzlement amounted to between two and three
thousand pounds. The prisoner was committed.

LONDON MARKETS.

CORN EXCHANGE, DEC. 21.

The arrivals of this week are moderate, except of Flour,
which is considerable. The Wheat trade remains very dull at
Monday's prices, aril all other articles still continue to meet
very few buyers, so that prices may be still considered almost
nominal.

ARRIVALS—EngIish Wheat, 2,450,;. Barley, 3,240; Oats,
2,980 ; Irish Barley, 85; Oats, 11,800; Foreign Wheat, NO;
Barley, 4,400 ;Oats, 2,200 qrs. English Flour, 5,970 sacks.

MISS STEPHENS is not ill, as stated in a Man-
chester Paper : she is playing at Belfast.
HvaianNo BlRD.—This beautiful littJe crea-
ture is suspected to be the cause of the rot in the
cotton plant in North Carolina ftad Louisiana.

THE LONDON JOURNALS.

DAILY

Bxtraces from the Morning Papers,Dec.2l, 1825.

[MORNINB ➢OST.]
it is with heartfelt satisfaction that we are en-
abled to congratulate the public upon the revival
of confidence in all directions ; and from the
brig it prospect that now presents itself, we may
venture to state, that the panic so ficti-
tiously produced will be dissipated with no less
rapidity than it arose. Whilst the exertions of
the Bank on the present trying occasion have
teen beyond all praise, we have the happiness to
know that its resources are fully commensurate
with its liberality.

At a late hour last night we received by Ex-
press the Etoile of Monday. If its authority, as
the demi-official organ of the French Government,
c;.o decide the question of succession to the Rus-
sian Throne, that question is now settled, for it
announces that Constantine the First is the pre-
sent Emperor. It represents him, of course, as
plunged in the deepest affliction, and states, that
as he has no children by his first marriage, and
those by his second would not be entitled to in-
herit the Crown, their mother being a subject,
the Grand Duke Nicholas is rightly called Pre-
sumptive Heir, since, if he lives, he must succeed
Constantine. Being unable or unwilling to re-
veal the circumstances of Alexander's death, it
then gratuitously supposes that it may have been
occasioned by the ascent of the humours from a
disorder in one of his legs, with which, it sud.
denly discovers, he had been long afilicted. It
will be seen by an article from Berlin, that the
panic which lately prevailed here, has now
reached that capital, and that there was a run
for Silver, which with paper, forms the great
bulk of the currency.—(lbid.)

[THE TIMES.]
We yesterday touched on the death of the
Emperor Alexander, as that event might fairly be
presumed, from such particulars as yet have
reached us, to affect the feelings of his subjects,
and eventually the peace of his immense domi-
nions. It seems, however, to be anticipated by
the best Russian authorities in this country, that
Constantine will succeed to the empire without
any resistance. But if the death of Alexander
was an event to be deplored by the greet majo-
rity of his own people, by Europe generally, we
may suppose that it will be looked at with very
different emotions. As the author, and master,
and mover of the Holy Alliance, the late Empe-
ror eras a declared foe to the political rights of
all civilised nations, to the cause of freedom over
the whole earth, and to the improvement and
happiness of man as a member of society.—.
The jealousy with which this pupil of the re-
formist La Harpe watched, through his Mi-
nisters in the remotest spots of Europe, the
first buildings of independent spirit and
manly feeling in matters of Government, that
he might nip and crush them, is notorious every
where. lie it was who stimulated his crouching
Allies to preach up the far-famed monarchical
principle, which rendered the caprice of any
tyrant, the most atrocious or contemptible that
ever vexed mankind, the sole ruling power over
them. He it was who, in pursuance of this doc-
trine, forced Austria to the invasion (in our
minds it has ever been the wanton and iniquitous
invasion) of Naples. It was Alexander who,
according to Villele's confession, placed Louis
XVIII. between two necessities—that of perpe-
trating a crime against the Spanish nation, which
will one day he avenged, but never forgotten ;
or of entailing an equal misery upon France by
the march of a Russian army from the Niemen to
the Pyrenees. In every quarter of Europe be-
yond the bounds of Russia herself, the policy
of Alexander was the embarrassment and
scourge of his neighbours. It has required
the most painful struggles for four long years
on the part of England, Austria, and Prus-
sia to prevent Alexander from marching down
from the Danube, and extinguishing at once the
Turkish despotism and the infant hopes of inde-
pendauce for the Greeks. France, too, however
willing on some occasions to interfere with other
states, would probably have interposed for less
hateful purposes than those prescribed to her by
the Russian Satraps at Paris and the Spanish
capital, had the incubus of Alexander's personal
-vigilance and ascendancy borne upon her with a
less constant and overpowering pressure. Cir-
cumstances well known in the history of the last
fourteen years may have induced the late and
present Sovereign of France to yield a more entire
obedience to Alexander, than to any of those
deatined to be his successors : the political morals,
therefore, of the French House of Bourbon, if
they have any, are about to undergo a severer
test hereafter, in proportion as their free agency
will, by the death of Alexander, be less under
coercion than before.

.....lowallM.l..
[NEW TIMES.]

Much speculation is on foot as to the probable
consequences of the death of the Emperor Alex-
ander. In order to comprehend the question of
the Succession, it is proper to advert to the state
of the Imperial Family. The late Emperor of
Russia has left three brothers and two sisters.—
Big brothers are the Grand Dukes Constantine,
Nicholas, and Michael ; his sisters, Mary, Grand
Duchess of Saxe Weimar, and Anne, Princess of
Orange. Constantine, as we have already stated,
was born in 1779. II is grandmother, the Em-
press Catherine, caused him to be so named with
reference to her views on Constantinople, and in
his youth she caused a medal to be struck with
the inscription, " Constantine, King of the
Greeks," He was of an impetuous disposition,
and early she wed a disposition forarms. Ile served
under S.O warrow in the campaign of 1799 against
France, and meant to have joined the Austrian
army under the Archduke Charles in 1800, but
the defeat of the Russians in Switzerland occa-
sioned his return to St. Petershurgh. In 1802
he paid a visit to Vienna, where the Emperor of
Austria gave him the honorary command of a
Hussar Regiment. In 1805 he took the com-

mand of a Russian corps, destined to act against
France, and took part at the head of his regi-
ment of Guards in the unfortunate battle of
Austerlitz. He followed his brother, the Em-
peror, in the campaigns of 1812, 1813, and 1814,
and entered with him the city of Paris, but did
not accompany him to London. lie first went
to Russia, and then to the Congress of Vienna
After ttie second deposition of Buonaparte, Con-
stantine was made Viceroy of Poland. This
Prince has not been very fortunate in his matri-
monial connections. ne was married at the
early age of 17 to the Princess Julia of Saxe-
Coburg, from whom he was divorced in April,
1820, for the purpose of marrying the Princess of
Lowicz; but this Lady not being of Royal ex-
traction, a decree was issued by the Emperor
Alexander, with assent of the Senate, assigning
the succession of the Throne to the Archduke
Nicholas. The latter, vi ho is the third son of
the Emperor Paul, is 17 years younger than
Constantine. lie has never been engaged in the
pursuit of arms, but has travelled over many
parts of Europe, and in particular has visited
England, through which he made a tour of care-
ful inspection, with his brother Michael. Ni-
cholas married, in 1817, the Princess Charlotte
Wilhelmina of Prussia, by whom he has a son
and two daughters. Constantine has had no issue
by either marriage.

[THE PUBLIC LEnotn.]
The more we reflect upon the time, the cir-
cumstances, and probable effects of the death of
the Emperor Alexander, the more we are pene-
trated with the importance of this sudden and
unexpected event. That he died by about half
a dozen years too late for his own glory, and
by as many too soon for that of the vast Empire
which he had governed with such singular good
fortune, is a truth which cannot be disputed.—
Had he fallen under the walls of Paris, when his
victories armies, for the first time, advanced to
its gates, or still better had he expired a few
days after having signed the capitulation by
which that City was surrendered to the Allies—
he would have left a splendid, though not an un-
blemished reputation.Thehistorian,too,would pro-
bably have lightly passed over the invasion of Fin-
land, and that still darker passage in his life, the
interview at Erfurt, for the purpose of dwelling
upon the conspicuous share he had in overturning
the superb, but insufferable dominion, which
Buonaparte had erected upon the prostrate minds
and bodies of the people of the Continent. He
had, however, long before that memorable period
survived all the liberal pledges which the begin-
ning of his reign had furnished : but still history
would have extenuated his political apostacy, in
consequence of the numerous proofs of the mag-
nanimity he gave at that eventful juncture.—
From that moment to the hour of his demise,
the particulars of his active life assumed, in
succession, a darker hue ; and, to see it in its
true colouring, it would be necessary to enter
the state prisons of Spain, Italy, and Prussia,
whose dreary walls have ever since re-echoed to
the groans of the best and most enlighted citizens
of the three countries. In the latter years
of his reign, he sheaved himself the bitter, inde-
fatigable and uncompromising enemy of human
liberty ; and the practical effects of this enmity
were fully commensurate with its intensity. But
another of irs effects, which will now rapidly de-
velope itself, is the universal hatred of oppres-
sion, which it has diffused throughout the civi-
lized world. After having survived all that was
specious in the character of his policy, he lived
just long enough to create an inexpressible ab-
horrence of legitimate despotism ; and, as he
was its.main stay, who does not admire that in-
scrutable wisdom, which has cut him off at the
height of his mental and physical activity, and
spared his fellow labourers, who cannot be com-
pared to him for the extent of his power, or
energy of mind or body ? The result will be, to
a moral certainty, the eventual overthrow of
the system of which he was the main stay;
and the crash will he harmless or otherwise, ac-
cording to the degree of resistance that the other
Members of the Holy Alliance may offer to the
just wishes of their subjects.

[BRITISH PRESS.)
The Mode of Monday, which reached our
office last night, adds nothing to the information
we had already received concerning the sudden
death of the Emperor Alexander. A conjecture
is hazarded that a disorder in one of his legs may
have proved mortal. This suggestion seems only
to shew how utterly unexpected his decease was,
and how extremely difficult it is to guess what
can have carried him off in the full vigour of life
and health. The Etoile apparently treats with
ccintempt the announcement of the Prussian ca-
lendar respecting the Grand Duke Nicholas,
and attempts to explain how the mistake must
have originated. The children of Constantine
by his present wife, the Countess Gradzinska,
who was a Russian subject, are excluded
from the succession by a decree of the late
Emperor, by which it was declared to be a fun-
damental law of the empire that no Prince
should hereafter ascend the throne of the Czars,
unless his mother was of an imperial or royal
family. It is supposed, therefore, that as the
Grand Duke Nicholas must succeed Constantine,
it was " very natural " he should at once be
styled Heir Presumptive. This explanation,
however, is any thing but satisfactory. The
question is, why was the name of Constantine
wholly omitted in the calendar ? He certainly,
unless for some reason of State set aside and
barred from his birthright, was the heir presump-
tive to the throne ; Nicholas at any rate could
only be heir presumptive to his brother Constan-
tine. The next advises from Russia will be
exceedingly interesting. At present there is ma-
nifestly a dark cloud of mystery hanging over
the relations in which the members of the Impe-
rial Family stood towards each other.

[MORNING HERALD.]
It gives us much pleasure that the panic, so far
as regards London, appears for the present to
have subsided. We should hope that this will
have a good effect on the country, and that it

will put a stop to the run on the country bankers.
From the following, which appeared in a Mini-
sterial Paper of yesterday, it would appear that
what we have supposed as to the Bank not being
sufficiently prepared for the storm which has
lately raged, and which has not yet subsided,
was too true. Our opinion is, that ten mil-
lions of sovereigns is not a sufficient supply
of gold, to compete, in cases of alarm, with
a bank note circulation of forty millions. To
compete with such a circulation as the latter, we
should think that there ought to be at least a gold
coinage to the amount of from 20 to 30 millions.
But even if we had no debt or taxation, and had
so much as 23 or 30 millions of sovereigns, a ba-
lance of trade that should cause exchanges to be
against us, would occasion the gold to be ex-
ported ; in which case we might be deprived, for
a time, of a gold medium. Therefore, while we
have such an immense commerce, paper medium
is absolutely necessary ; and in case of such a
panic as we have lately witnessed, we should be
better for having a paper medium of one and two
pound notes. If the information he correct that
we give from a Ministerial Paper, it appears that
either gold must be coined much faster than at
present, or the Bank must refuse paying sove-
reigns. Here follows the article to which we
have alluded :

" Many country banks, both of great credit and resources,
will be put, we are afraid, to much inconvenience, not from any
want of inclination on the part of the Bank of England to sup-
ply their necessities, but from want of power. Sovereigns are
in the act of being coined, and the Bank are making notes as
quick as it is possible; but it is not practicable, in this man-
ner, fully to satisfy the demand from the country which is
daily experienced. Under these circumstances, it ought not
to be injurious to the credit of any establishment should it
not prove at once able to meet every demand tr,:on it. We
are assured, upon good autl:ority, that the Bank last night
could not furnish, in exchange for large notes, fifteen thousand
pounds, either in one, five, or ten pound notes, and that they
requested, as a favour, they might not be asked for sovereigns."

[MORNING CHRONICLE.]
It was anticipated that the intelligence an-
nounced on Monday, of the death, of the Em.
peror of Russia, would have operated unfavour-
ably on the Money Market yesterday, and busi-
ness opened with rather an unpromising aspect.
Consols for Account were first done at 791, and
afterwards at 794. In the course of a short
time, however, some of the leading capitalists
made great purchases, and there was an imme-
diate advance to 80, and from thence to 804.
There was a subsequent fall to 80, but as the
day advanced things became more steady, and
at one time this Stock rose to 804, and left off
at 80k. The probable consequences of the state
of things in Russia was of course merely a sub-
ject for speculation ; but the impression on the
public mind was rather favourable than other-
wise, of which the best evidence was, that
Russian Stock advanced fully four per cent.
Every other description of stock also improved.
Bank Stock opened at 202, and rose to 203 ; 3
per cent. reduced opened at 76 and rose to 78.;
32 per cent. opened at 83 and rose to 84 ; 3?
per cent. reduced opened at 814 and rose to 85 ;
Long Annuities advanced a quarter ; but the
most prominent proof of the abundance of money
was the advance of the large Exchequer Bills,
which at an early hour were done as low as
100 s. discount, but finally left off at only 355.
The 5001. Bills opened at 655. discount, and
rose to 25, and the smaller Bills opened at
151. and rose to 5 shillings. All things looked
well, and there was a cheerfulness observable in
every direction, which leads to the hope that
the late alarm has completely subsided. In the
course of the morning Mr. Kennedy, from the
India House, announced on the Stock Exchange,
that the Company had determined to raise the
interest on their Bonds from Three to Four per
Cent., to take place from the 19th inst. This in-
timation had some weight, and the Bonds rose
from 85 discount to 55. The accounts from the
Country are very favourable, and in the City all
was life and energy. The house of Williams and
Co. is expected to resume business in a very short
time, and the partners feel a conscious pride
at the honourable manner in which they will be
found to pass through the severe ordeal to which
they have been exposed. In the Bank of
England, there was no appearance of .bustle,
and the demand for cash appears to have
subsided to the ordinary course of transac-
tions. Oue hundred and fifty thousand sove-
reigns were paid in, in the course of the morn-
ing, by a great capitalist, which had been re-
ceived from the Continent, aed further large
arrivals are expected. A most respectable meet-
ing was yesterday held at Chelmsford, at which
Lord Petre, T. Bramston, Esq. J. J. Tuffnell,
Esq. and a numerous list of the Magistracy and
respectable inhabitants of the county were pre-
sent, at which a declaration was adopted, ex-
pressive of the utmost confidence in the stability
of the firm of Sparrow, Hanbury and Co., bankers
in that town.

NEW CATHOLIC ASSOCIATION.—The new Ca-
tholic Association met as usual on Saturday last.
Mr. O'CoNNELL withdrew a notice he had given
of a motion to thank the Electors of Trinity Col-
lege, which it seemed he had given iu ignorance
of the very facts on which the motion was to be
founded. After some talk about education, the
sum of 301. was " allocated " from the funds of
the Association " towards building a school in
the parish of Churchtown, county Cork." In
the course of a new debate Oft education, Mr.
O'Connell expressed his determination, should
Mr. O'Reilly, at the next meeting of the Asso-
ciation, not bring forward his motion for the ap-
pointment of two persons in each parish for the
collection of the Rent, to take up the matter
himself. This announcement was received with
loud applause, and the meeting was then ad-
journed for three weeks.

The Court of Cassation of France has rejected
the appeal of a woman condemned to death for
having set fire to her own house to defraud an in-
surance office. A Paris Paper, which mentions
the circumstance, states, that this decision set-
tles the law on the point. It thus appears that
the important question was hitherto undecided.

The latest account of General Fo Y'S subscrip-
tion states it; to amount to 20,0001. sterling.