The Sun.
London, England, 1822-11-12 00:00:00

[THE TIMES.]

There are two points from whence light springs,
and that as yet but scantily, to show the views
of the Powers of Europe with respect to the
Spanish revolution—namely, Verona and Paris.
Our publication of yesterday laid open the in-
tentions, or at least the wishes, of the French
Government, which were hostile, and which
menaced active hostility to the new Constitution
of Spain. We have only to refer to the state of
the French funds, and the reasonings of the
French Papers, for the accuracy of our informa-
tion in this respect. It is possible that the Councils
at Verona may be of a more cautious kind :
and we have indeed heard, that the members
of Congress, though possessing a disposition simi-
lar to that of the French Ministry, are yet more
aware of the difficulties they will have to en-
counter in the attempt to interfere by arms in the
concerns of the Peninsula. The French Minister
at Congress, in conformity with the views
of his Court at bodie,, presses the interfer-
ence, and a general- 'acquiescence is only stopped
or suspended by the influence of the Duke
of Wellington. His Grace knows Spain, which
is more than can be said for any of his
assessors. in the political assembly. at Verona ;
and he is reported to have described most for-
cibly the dangers attendant on a campaign in
the Peninsula. It has always been said with
respect to the invasion of Spain, that if you sent
a large army, it would perish for want of pro-
visions : if a small one, it would be defeated.—
In addition to these general considerations, his
Grace represented the perfection to which the
Guerilla system has now been brought by long
practice, the facilities afforded by the country to
that speCies of warfare, and above Al, the courage
and zeal of the inhabitants. These considera-
tions, offered by one so fully competent to ap-
preciate their importance, are said for a while
to have supplied an equipoise to the impor-
tunities of the French Minister, and to have
inclined the grave assembly to try peaceful
representations before the gauntlet of war
is thrown down. We, who are of opinion
that peaceful representations are all that should
be tried by Foreign Powers, can of course have
no objection that those should be the beginning,
which ought also to be the middle and the end.
But still there *is a mighty itching in the legiti-
mate Sovereigns to interfere actively, in be-
half of their brother the King of Spain. The
knowledge that such a disposition exists will
be of no great service to his Majesty ; whilst
positive interference may probably be his ruin.
The fluctuation of the Funds yesterday, in the
British market, exhibited the unsettled state
of public opinion with respect to the issue of
the existing political crisis ; but the changes
which have taken place in the value of Spanish
stock are still more remarkable. Those Bonds
(of 1820 and 1821) which but lately Were re-
spectively at 87 and 75, were at one time sunk
to 65 and 53. In Paris, where the apprehension
of warlike measures was more vivid, the depre-
ciation was still more remarkable, for there one
class fell to 431-4 o mischievous a change in the
value of property has been produced by the bare
rumour or •increasing probability that Europe is
to be replunged into war. What ruin will the
war itself occasion, if unfortunately it be under-
taken ?

We have—received ,positive assurances from a
quarter in which we place the greatest coal,-
dence, that the latest possible information from '
"Verona completely contraditts the rumours in
circulation on Saturday. Every thing, we under-
stand, is going on with the most perfect harmony,
and there will be no interference with Spain on
the part of any Power whatever. The reports of
war with France are, therefore, altogether un-
true. The Duke of WELLINGTON will leave
Verona in three or four days, and the Emperors
of RUSSIA and AUSTRIA towards
.the end of the
month. The former is to be at St. Petersburgh
by the 20th.of December.7--(lltorning Chronicle.)
The Admiralty has acceded to an application
for. regular convoys to the trade to the windward
parts of Colombia.