The Sun.
London, England, 1825-12-02 00:00:00

asserting, that all other states will be forced to
imitate, if they ever hope to follow the march of
England in public prosperity, even at that hum-
ble distance which still separates them from the
sphere which traverses unrivalled. It was the
prediction of Mr. iluskisson, and he deserves to
have it faithfully remembered, that free trade
would produce advantages to this country which
would compel other States to follow her example.
The prediction is verifying every day : the new
code of commercial intercourse stands on truth
and wisdom, and is formed of matter that will
endure.

[THE PUBLIC LEDGER.]
We have received the Paris Papers of Tues-
day, and the .Etoile of Wednesday. The Rentes
sustained another fall on the preceding day, but
from no other apparent cause but that of sympa-
thy with our Funds; and, in this case, a re-action
may be anticipated with the utmost confidence.
Our Market may be denominated the Heart of
the Monied World, as it is of the Commercial ;
and whenever it is deranged, a derangement
immediately follows in the pecuniary trans-
actions of all other nations, and vice yews.—
According to the Etoile, the Spanish Clergy have at
last opened their purses to relieve the pecuniary
necessities of King Ferdinand ; and as they are
never liberal in pecuniary matters, without hav-
ing previously secured an equivalent of some de-
scription, it is conjectured, naturally enough,
that they have obtained a promise that no change
shall be made in the present system, which, if it
does'not work well for the people, works excel-
lently for the priesthood. The sum which Fer-
dinand is said to have secured in this manner
amounts to twenty-five millions of reals,
(about 230,000/. sterling) ; while, were he only
to accommodate his Government to the wants
of the nation and the wishes of its wisest men,
he could obtain five times this sum, not once,
but annually, from the same body ; and not
by spoliation too, but in the legitimate course of
taxation. It will be thus seen that the Spanish
Monarch pays rather dearly for the gratification
of playing the despot, and for the pleasure of
trampling the intellect and moral worth of the
nation in the dust, he is minus four-fifths in a
single branch of his income. Thus this infatuated
Prince, whilst he thinks himself the vicegerent of
God, and exacts the same belief from others,
cannot see his way the length of his nose ; all his
expedients, too, are taken at random, or selected
according to some absurd rule or notion of his
own. It would be less difficult, therefore, to
rear the tea plant and cotton tree on the bleak
hills of Scotland, than to make the slightest im-
provement in the condition of Spain under the
guidance of her present Monarch ; and to hope,
therefore, for a favourable change there as long
as he lives, or is in the exercise of an unrestricted
authority, is as wild as the day dream of a mad-
man.

[BRITISH PRESS.]
The Paris journals of Tuesday have arrived,
with the Etoile dated the following day. • The
morning papers are almost entirely all' filled with
reports of the Speech of M. Merlthou in defence
of the Courier Francais -It is stated that M.
Benjamin Constant is dangerously -ill. Several
accounts are given of the sailing of the Turco-
Egyptian armament from Alexandria. They all
agree in representing it as of fearful magnitude.
According to the lowest estimate it consisted of
nearly 10,000 disciplined' ttoopS, commanded,
we repeat it with pairi'attd-indignation, by' Euro-
pean officers, principally,Frenchmen, The plan
of the campaign, it stated, was transmitted
from Constantinople, and. the .-base renegades
in • the Egyptian service. boastedi we trust
falsely, that "-itfr had .been furnished by an
European Ambassador.'! It is useless, however,
to indulge either in lamentation or invective. The
patriots will soon have to encounter dangers far.
more formidable than any they have yet had to
contend with. If they can maintain themselves
against this attack, they will be.safe. It is not
in the power of the Paella of Egypt to fit out
such another expedition. We do not despair of
the cause of Greece. We have extracted an
absurd article from the Quotidienne, relative to
the deline of the French funds, as a sample of
the shallow and factious style in which political
subjects are treated by the Royalists opposed to
M. de Villele. The writer of the Quotidienne
pretends that the whole depression is owing to
the creation of the three per cents., and gravely
asserts that that disastrous measure, extending
its effects across the Channel, has been produc-
tive of the fall of Stocks in this country. The
decline in. Paris on Tuesday was very great.- The
five per cents., which closed on Monday at 93f.
90c., were reduced on Tuesday to 91f. 50c., and
the three per cents. suffered a further depression
from 63f. to 61f. tsc.