The Sun.
London, England, 1825-08-31 00:00:00

CORN EXCHANGE, Aug. 31.

There are small fresh supplies of all sorts. of Grain since
Monday. Fine %Vheat meets buyers at last quotations ; in
other sorts there is very little doing. Barley remains without
alteration. Beans and Pease sell at the same prices as on Mon-
day. Oats fully support the terms of last market day.
AnnivALs.—English Wheat, 2,000; Barley, 500; Oats,
2,800 quarters; Flour, 900 sacks.

I'UE LONDON JOURNALS.

DAILY
_Extracts from the Morning P (Ter's , Aug.3.l, 18'25.

[Tut: rußt.r.c LEDGER •
The body ,pditiC of Spain, grievously as it is
afflicted, has not • yet reached the climax of its
suffering ; and, probably, another year, or even
two, will elapse, before it arrives. Either history
is a tissue of fables, or a favourable change will
then occur, when those, who are so cruelly and
unjustly oppressed at this moment, will receive
the meed of their virtues, and the satellites of a
brutal tyranny, the full award of their crimes.
in the interval, the nation will be a prey to hor-
rible dissentions ; and foreign interference, which,
under existing circumstances, has an infallible
tendency to inflame the pervading discontent, will
merely hasten the catastrophe, as well as the mo-
ment of retributive justice. The French Govern-
ment, which sees the gathering storm, as its prepa-
rations clearly indicate, will probably find all its
efforts to evade its rage unavailing ; and it is pro-
per that it should suffer the penalty of its unjust,
wanton, and hypocritical interference, if it were
only for the purpose of making it a convert to
the golden rule, " that honesty is the best po-
licy." We believe it would cheerfully renounce
the military trophies it acquired in Spain, if it
could but divest itself of the political responsi-
bility that has devolved upon it in consequence
but the eternal fiat has ordained* that the penalty
in these cases should bear an exact proportion
to the offence ; and were it not for this salutary
ordinance, the proverbial pride and arrogance
of power would continually impel. it to make
new inroads upon the rights and happiness of
mankind. However, if the French Ministers were
to evince, even at this late hour, an earnest de-
sire to make compensation to Spain for the wrongs
they have heaped upon her people, they might
divert from themselves and their master, if not
wholly, at least nearly so, the mortification, as
well as appalling embarrassments, which other-
wise await them. A short time will shew whe-
ther their policy is founded upon political craft
or true wisdom ; and, if they intend merely to
prop up the despotic throne they have restored
in that country, they will fail, to a moral cer-
tainty, in the attempt, with every prospect of
being grievously injured, if not crushed, by its fall.

[Tnr TIMES.]
Rumours were afloat in the course of yester-
day, which went to connect the present appear-
ances of the money-market, with prospects of po-
litical change abroad ; but we see no evidence
to authenticate such fancies, or to lend them plau-
sibility. Why should the English funds be af-
fected by possible enterprises of the French
Bourbon Government for the reduction to order
and decency of that wild chaos which France
herself, by her former expedition, did so much
to produce among the Spaniards ? Let a new
march across the Pyrenees take what course it
may, England has surely no business with it.—
If another French army enters the Spanish
provinces, whom will it seek for allies ?
whom for enemies ? There is no rebel party
—there is equally no Government. The
whole commm.ity is broken up into frag.
merits, which have no assignable relation to each
other, whether of obedience, or despondency,
or recognized interest, or practical object, The
French Cabinet might probably lay hold of the
King's person, and use his name, and fight one
faction against its neighbour, until all were ex-
hausted and reduced to inactivity ; and then
what follows ? Why, that France would rather
be embarrassed by their joint weight, than sup-
ported or strengthened by any national and uoit-
ed power. The deeper she plunges into Spain,
the more she wastes her resources upon that
steril and ungrateful desert. The more she
entwines her general policy witlrthe endless con-
fusion into which, by a mixture of folly,
knavery, and misfortune, Spanish affairs haYe
been thrown, so much the more difficult will it
prove for France to extricate herself from the
meshes which she has assisted in weaving, and, Iry
consequence, so much the less is England like-
ly to feel any rational motive for expending a
particle of her wealth or power, on a case which,
looking to her own immediate interests, she can
do nothing to mend. Spain can never be occu-
pied by France as a province securely convertible
to Schemes of French ambition. France loses
the people in proportion as she takes possession
of their soil. The policy of England is but to
look on, and preserve her own means entire. If
a plan had been laid for neutralizing the French
Government as an aggressive and suspicious
member of the Holy Alliance, and releasing
Europe from all present fear of its encroach-
ments, it was among the most ingenious
of designs to fasten Ferdinand, his Monks,
his bankruptcies, his Royal volunteers, inept
grandees, ambitious brothers, and sullen consti-
tutionalists, all open the shoulders of Charles
X. It is tying his Most Christian Majesty neck
and heels, to let him into partnership with Fer-
dinand. If England had a hostile game to
play, this was giving her " four by hoOpues:"
She is mad if she stirs an inch, or acts any part'
but that of a civil spectator. 'When at a future,
perhaps no distant day, the stakes came to be
divided, or the losses to be adjusted, England'
may arbitrate conclusively if she has the wis-
dom to refrain from all premature interfe-
rence. With regard to those domestic causes to-
which the existing fall of the English funds has
been ascribed, we are not satisfied with any
that has 'yet been assigned for it. The effect
has now been too steady, extensive, and semlng-
ly uncontrollable, to proceed from such every-
day tricks or manceuvres of the StoCk-ExChinge
as have brought about more. common-place ream'.
sions. If, moreover, it shonld be fairly;traCed
to the single circumstance of the'Bunk'of Eng-
land drawing in the paper which thatestablisha
[Dent had too profusely issued, the mere stir:-
mise is enough to show that the affair's of the
Bank ought not to be a mystery any more
than those of the King's 'Exchequer, inas-
much as the public ought to have the satisfac-
tion of knowing that there is no ponies" cor-
poration enabled, at the will and pleasure of

its own directors, to increase or diminish by 10
per cent. or more the value of every man's pro-
perty throughout the kingdom—capriciously, or
for selfish ends, to raise or lower the interest on
capital, and to operate more especially upon the
national debt, so as to have produced a difference,
during three short months, in the money due to
the public creditor, of more than 80 millions. We
have stated that there still seems room to doubt
as to the real causes of the late fluctuations in the
Money market; but at all events the Bank ought
to be brought to account ; and induced—or, at
the renewal of its charter, forced, to exhibit the
principles and consequences of its administration.

[BRITISII PRESS.]
By the French Papers which arrived last night,
it appears, that the Spanish rebel Bessieres was ,
not made prisoner at the date of the last ad-
vices from Madrid. In his retreat upon Bri-
huega, it is stated, that he was accompanied by
only 20 men, and at the same time pursued by
60 carabineers. If this statement be correct, no
long time can elapse before he will be cap-
tured. The Royalist Papers, opposed to the
Ministry, arp speculating on the objects of
the Duke of Wellington's visit to Paris. They
insinuate that it was connected with a negotiation
for the recognition of the independence of the new
American States. It is said, that if king Ferdi-
nand will concede this point, and establish a re-
presentative government in the Peninsula, Eng-
land will agree to provide him with a pecuniary
supply for his present wants. The Quotidienne,
however, fiercely asserts, it is impossible the
French Cabinet can lend themselves to a project
so contrary to the true interests of France,
and her relations with the Spanish Monarchy."
The violence with which this assertion is made
indicates strongly the opinion of the writer,
that what he declares to be impossible he
believes to be already accomplished. Looking at
the recent concession to Hayti, it is natural to ex-
pect that the French Cabinet will lose no time
in urging the Spanish Government to remove the
former difficulty which prevents them from fol..
loving the example of England. The commer-
cial interests in France are loudly for the mea-
sure, and if Ferdinand should persist in refus•
ing to acknowledge the independence of his re-
volted colonies, it is by no means improbable
that France will at once disengage herself from
the absurd trammels of the Spanish Court, and
share the benefits of a direct commercial inter-
course with the new States. The Journal du
Commerce announces, that " since the arrange-
ment with Hayti has been promulgated, commer-
cial transactions have multiplied at Paris with
amazing activity. The business of the Custom-
house is increased to excess. This merchandise
is all destined for America, and principally for
Hayti.

[MORNING POST.]
French Papers to the 29th inst., and the Etoile
of Monday reached us last night by Express.
They have brought but little intelligence from
Spain. That little, however, is favourable ; and
if its correctness could be trusted, there would
be less cause for apprehension in the late move-
ments in the Peninsula, than the first accounts
naturally created. Bessieres is said by the
Etude to have been deserted by most of his
men, and after having collected 250, to re-
main with only twenty flying towards A rra-
gon and closely pursued by sixty Carabineers
of the Guard. The other Journals copy this
dispatch, which is dated Madrid, the 22d in-
tant ; but they do not vouch for its authenticity,
and intimate a belief that it has been produced
or modified, in order to prevent the decline of
the 3 per Cent., which had fallen more than one
per cent. the moment it was known that Bessieres
had taken the field. It is certainly clear that the
Etoile either exaggerated the force under that
rebel in the first instance, or that it now reduces
it far below its real proportions ; for if he had
never collected more than 250 men, there would
have been no necessity to send three thousand
troops, with artillery and a General-in-Chief,
in his pursuit. The fact probably is, that the
alarm experienced in Trance at the prospect
of a civil war in the Peninsula, in which the
French armies would play the same part as under
Napoleon, has been far greater than the Mini-
sters anticipated, and that they will now endea-
vour to assuage it by not suffering the whole
truth to transpire. Some of the Papers already
remark that they had not received the private
letters which they expected from their Corres-
pondents in Spain. It is therefore possible that the
Post from that country may have been subject-
ed to the superintendence usual in time of
war, and that letters are not only opened, but
suppressed, if they contain any thing calculated
to produce what is thought to be an unfavoura-
ble impression. It appears that the late visit of
the Duke of Wellington to the French capital,
has given birth to many rumours. The Quotidi-
cime, which is the most credulous and the most
ardent friend and supporter of despotism, but
which has always the manhood to avow its opinions
frankly, however preposterous they may be, sees
in his Grace's journey, notwithstanding the mys-
tery in which it is said to be enveloped, that the
Cabinets of London and of the Tuileries have
mutually agreed to induce Spain to recognize
- the independence of her late Colonies, and Fer-
dinand to assemble the Cortes and give a Repre-
sentative Constitution to his people. These con-
- cessions, the same Paper pretends to understand,
are to be repaid on Our part by pecuniary sup-
plieS to replenish the exhausted coffers of the
Spanish Monarch. The poor Quotidienne is posi-
tively as much horror-struck at this creation of
• its imagination as if the money were to be taken
out of its own pockets. 11l aS it thinks of the
preSent Ministers of Charles X. it cannot believe
them capable of ‘C blindly rendering France the
instrument of English policy."

[NEW
Our City Letter Mentions the great and in.
Creasing panic on the Stock .Exchange, and very
justly remarks, that when an. impulse is once
forcibly given in the l‘larket, either to drive
down,or to force up the Stocks, the movement
generally continues long after all reasonable

cause for it lies ceased. The panic seems to be
increased, in the present instance, by the diffi-
culty of assigning any intelligible reason for it.
That there is no political ground of alarm is clear
from the simple fact, that Mr. Canning is
touring among the mountains and lakes of West-
moreland, which so vigilant a Statesman never
would do in a moment of danger. For our own
part we are satisfied that there there is a real
scarcity of money, from several coinciding causes,
the conversion of the French Rentes, the pay-
ment of instalments on Foreign Loans and Com-
pany Shares, and the limitation of Bank issues,
which last measure is a necessary consequence of
the state of the Exchanges ; and the Exchanges
depend on the balance of payments between our
own and foreign countries. Time will restore
all these things to their level ; and then our
Funds will again rise, and buyers will become as
unreasonably eager to purchase as holders now
are to sell.

[MORNING HERALD.]
It is believed by persons likely to be well-in-
formed of the state of Spain, and the relations of
that country with France, that a French army is
on the eve of repassing the Pyrenees. The
insurrectionary movement is said to be chiefly
directed against the French and their adherents.
The common cry of the Spaniards, whether Übe-
rals, or Serviles, is " death to the French." This
would in, some measure account for the obscurity
which involves the views and character of those
who threaten the existing system. According to
some, Ferdinand is not sufficiently Catholic,
and must abdicate in favour of his brother
Carlos. According to others, he is not suffi-
ciently liberal, and the design is to give Spain a
Constitution. Add to this, that men of opposite
political sentiments and conduct are arrested and
thrown into the dungeons. This anomaly would
be accounted for by supposing that parties were
united and differences laid aside, in order to com-
bine against the foreign and common enemy.
The nonchalance with which the Priests, Monks,
and other absolute Monarchists, propose to de-
throne Ferdinand, should be a good lesson to
kings, and even to despots. Nor is this the first
time that such a lesson has been given. It is not

necessary to go to Constantinople for examples,
or to Russia. A party of the Noblesse of the
French Court, even, was actually intriguing to
set aside Louis XVI., and bastardize his son,
long before the Reformers or Revolutionists
would have dared to entertain such a project
—when they would, and did think it the ex-
treme of desperate criminality—and here we
find in Spain a faction of bigots -Aid slaves,
openly entertaining the project of dethroning
a King of Spain at their great good pleasure.
This is an excess of Jacobinism, far beyond Libe-
rals and Revolutionists. The Cortes, in the last
extremity, when the national independence and
their own lives were at stake, went no further
than suspending, in Ferdinand's person, the
Royal functions for three days. The fact is,
that slaves and bigots, nod minions of power,
treat their Princes as savages do their idols.

Whilst their passions are indulged they worship
and bow down to them ; but the moment their
wishes are thwarted, or their hopes disappointed,
the idol is thrown down and trampled on with
all manner of contumely.

[MORNING CHRONICLE.]
Mr, Martin yesterday experienced a slight
check at Guildhall.—Mr. Alderman Atkins re-
fused to convict a Richmond coachman, on the
ground that the balance of evidence was in his
favour, though Mr. Martin reinforced his state-
ment with some very hard epithets, so very 'hard
indeed, that the Alderman, who is a lover of soft
words, seemed thrown into no small degree of
agitation.—We do not understand on what prin-
ciple the Alderman refused to convict, and yet
saddled the defendant with costs. The man could
not be both right and wrong.

The alarm and panic in the Money Market
continue unabated. Consols for the Account, which left off on
Monday at 88. f, opened at 87ii yesterday morning, at which
very extensive transactions were reported ; they closed at 881
to -1, and for Money 8715, the continuation being a half per
cent., still chewing the great pressure for money. The sales of
Exchequer Bills on Monday and yesterday were immense,
they having been 7 5 4 premium, at par, and closed at 5 to 7
premium yesterday. The alarm in the Foreign Market was
still greater yesterday morning than on any preceding day,
owing probably to the settlement which takes place in Foreign
Stocks to-day. Brazil Scrip was 11 discount ; Mexican, 8;
Colombian Bonds, 70; Danish Scrip, 7; (Juatimala, 5 ; Pe-
ruvian, 11; but the Market has since recovered nearly one per
cent. The Stocks of Continental Europe, Russian, Prussian,
and Austrian, continue to be better supported than any other
description of Stock in this Market, owing to the small quart-
tity held in England. Russian 26, Austrian ;,►7}, Prussian
101 and 102. Greek Scrip was higher on Monday, but yester-
day morning it again gave way, it; to 16. Spanish Bonds,
22 ._.ln Shares there was nothing worth noticing—the Steamers
generally sold at a small premium.—(lbici.)

MARSII AND Co.'s BANKRUPTCY.--A further
dividend of 3s. 4d. in the pound, was yesterday declared at tho
rooms of the Commissioners, in Basinghall-street. Consider-,
able apprehension, had prevailed that the declaration of this
dividend would be postpdned to an indefinite period, at the in.
stance of the Bank of England. Contrary to expectation, how-
ever, Mr. Freshfield, jun. attended on behalf of the firm of
Kaye and Freshfield, and stated that they were willing to re-
linquish the attempt they had made to delay this payment.—
The Bank do not by this abandon the prosecution of their claim
upon the bankrupts' estate, which is still pending in the Court
of Chancery. The statement of assets upon which the present
dividend has been declared, and upon which the Bank of Eng-
land rely, in not pressing to have all further proceedings under
the Commission stayed until the decision upon their claim is
,known, is as follows :
Assets which the Assignees expect to realise beyond
the dividend already paid -*
Deduct Dividend of 3s. 4d. now declared

- X 269,475
- 92,436

X 176.989
Should the Dank of England establish their claim of 250,0001:
upon the estate, they rely upon this sum of 176,9391 to pay
them a dividend of 6s. Bd., the amount shared by the other
creditors. As the total of such dividend would be only 83,00 W.
there would still remain 93,0001. for distribution. Debts to a
considerable amount were proved at this meeting.

.
NEW SYNAGOGUE.-Yesterday the foundation
stone of a Synagogue, for the Congritgation of the members of
the Hebrew nation residing west of Temple-bar. named the
Westminster Synagogue, was laid in St. Allian's-place, near
Regent-street, by the Wardens, Treasurers, and Corrunittofi of
the Denmark-court Congregation, which is intended to be re-
moved to this place when completed. NVe understand the Ar-
chitect is ROBERT Ainuainms, Esq.
CHOICE or A CAILPET.-Persons who are dig-
posed to study durability more than ornament, should always
select a carpet, the figures of which are small ; for in this case
the two webs of which the carpeting consists, are always much
closer interwoven than in carpets where large figures upon
ample grounds are represented.