The Sun.
London, England, 1831-04-07 00:00:00

THE FRENCH LOAN.

The folio wing is a copy of the circular issued re
lative to the French loan about to be contracted. I

appears that France wishes to raise 120,000,000 of
francs in capital—that is nearly 5,000,0001. sterling
—which will require the issue of between 6,000,000
and 7,000,000 of five per cent. rentes :
" Paris, April 1.
.

" The French Government having given notice of their
intention to contract fur a lean of 120,000,000 of francs
i❑ capital, we have the honour to inform you that we have
joined a company, composed of the leading establishments
of this place, for the purpose of bidding for the same.
" We beg to assure you that it would afford us great
pleasure to have on our list the name of both your respec-
table firm and of such of your friends as may be desirous
of particip sting in our contract ; in which case we shall
be happy to receive your communications, stating the
amount of capital you may wish to have ; and previous to
the adjudication taking place, we shall inform you what
sum we shall be able to assign to you in the event of our
being contractors.
" The Minister of Finances having fixed the 19th in-
stant for the adjudication of the loan, the price we shall
offer will, of course, he regulated by any circumstances
which may occur in the interval. Requesting your re-
ference to the enclosed extract from the royal ordinance,
we remain, &e."
Extract of the royal ordinance of the 27th of
March, 1831 :
" Louis-P hillippe, &c.
Our Minister of State Finances is authorized to proceed
to the sale, by public tender, &e., sealed proposals, of a
loan of rentes sufficient to produce a capital of 120 mil-

lions of francs.
" This sale shall be made in rentes of 5 per cent., with
dividends commencing from the 22d inst., 1831, and
shall he awarded to the party whu shall offer to take the
rentes at the highest price.'"
N.B. To this ordinance 15 subjoined a series of
combinations, of which the following are the prin-

cipal :
" The sale and adjudication in a single lot, to the
highest bidder, Eball take place in public sitting, on the
19th inst. The payment of the 120 millions shall he
made in ten monthly instalments, to begin on the 6th of
May next, and end on the 6th of February, 1832."

Upon its being announced that General
DIEBITSCII set a price on the head of several Poles, a gen-
tleman of the Duchy of Posen inserted in the different
Journals a notice, offering a reward of 600 rix dollars and
2,000 bushels of potatoes to whoever should bring the
head of the Connt ZABALKANSKI.—Le Temps.

BOURRIENNE'S LIFE OF NAPOLEON
The best edition of this famous work that has yet appeared
was published last week in three portable volumes by
Y.
ni‘frluEnnsecßso.o,Cii, :grLeßAa andpuahß:riENc,s osv nB embellishments,EdNieTtaLtEithe addition lndependentlyafrdodmiti
toinme wo for
writings
ictine
ss
ons
of those persons who were actually concerned in the great
events which marked the life of the Ex-Emperor, must
confer an unrivalled value on the new edition. Envious
historians have been jealous of the commanding character
of BOURRIENNES Memoir, and have endeavoured to im-
pugna few of his statements ; but a similar injustice was
tecdontoteihner
jprearreceest,rawteidlinwßerOeS\VaEngLrLy'sinLeirfeelyofbJecoatioNse-
ianng thosej° No
fs° BNo'smrveEaLlL.
Time,character
were ritt=cl •
v , has vindicated the work of IloswEeL, and time
however,
confirm the high opinion now generally en-
tertained of BOURAIENNE'S Life of Napoleon.
astlottrub opy
A letter received from Paris encloSes a copy
PPVluenssitifeasvoeufralkdneetl
of the petition addressed to the Chamber of Deputies on
he part
which the holders of Cortes Bonds, against the pro-
ject has been put forth by M. AGUADO for their
conversion
into a 3 per cent. stock. The petition is too
o give entire ; but we are induced to go over the
.11 :r t
headsi' of it, as some guide to the creditors of Spain in
this country, and who hive been placed in a similar situa-
tion as to the course they ought to pursue. In its com-
mencement, the petition sets forth that the plan of conversion
and exchange clearly implies an act of bankruptcy, and
the t tf
that it exhibits at the same time an impudent scheme of
deception for the purpose of extorting more money from
the pockets of Frenchmen. The petitioners express their
conviction that nothing less was in view than to intro-
duce new bonds into circulation and obtain value on theme,
in order to supply the pressing pecuniary wants of the
Spanish Government, and more particularly thereby to
provide for the payment of the 17,000,000 francs divi-
dends which will be due on the Ist of July. They re-
present that the 20,000,000 of reals as a 3 per cent.
rente, which M. Actiano is authorised to issue, repre-
sent a capital of 666,000,000: supposing that all the
Cortes' bonds were offered for the exchange proposed, the
fifth of their capital which would have to undergo the
conversion at 3 per cent. would require an issue of no
more thanuie libertydto
a aboutp place
to eO 0,000,000. There would therefore
remain 266,000,000, negociable for purposes foreign
to the conversion of the Cortes' bonds. But as the
Spanish agents are aware that their proposition will not
be accepted, and that even if the holders of Cortes' bonds
c'llseuriedate'nflisylpl takeolistenapsl aac ne
or :o notth alternativee
iart their
tewril'isc' the
ho M.
neA,xGtcl exchange
could
w%e'e-
cessary consequence would be that almost the whole of the
20,000,000 of mills in rente would be applicable to the
Government, mattceu manoeuvres resorted rteismotr t e
ado t os
Spanish
sbhehsaelaf
secret purpose of the operation. The petitioners think it
high time that an effectual stop should be put to the frau-
dulentallowed to be negociable on the Paris Exchange. They
protest against the plan of ureiftietsheshSoupladnit
authority thori
preventingty during
hial time
from
employing constitutional regime
that the French Government be required to employ their
good offices in inducing King FERDINAND to recognize in
full the Cortes Loan, which had his direct sanction and
obtain money front the subjects of France until he has con-
sented to the act of justice which they have a right to
demand, and to expect of him. negyi'mneeaenfs whatever to