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

THE LONDON JOURNALS.

DAILY

Extracts from the Morning Papers, Dec. 2, 18?5.

[NEW TIMES.]
The Quotidienne of Tuesday makes, as usual,
a violent attack on M. de Villele and his system.
One part of the worthy Journalist's remarks is
arousing. lie imagines that it is the creation of
th.e French three per cents. that has pulled dawn
all the Funds in Europe. This is really the fly
ou the chariot wheel ! Why, the whole amount
of the French three per cents. amounts to a small
fractional part of the English Debt. The
-writer in the Quotidienne would do well to con-
sult our article on Saturday last, where the true
cause of the fall of the French Rentes is explain-
ed :—" Money," we said, " is like water, which
will always find its level ; and the smaller mass
will follow the impulse of the greater." The
French Rentes fall because money becomes scarce
in England. England is the chief money-market,
and the chief money-market " regulates all other
markets for money, just as the cotton-market of
Liverpool or London regulates the price of cotton
at Havre." As M. de Villele could not possibly
prevent the scarcity of money here, he is not to
be blamed for the fall of the Rentes, which is
a mere consequence of our temporary embarrass-
ments.

We are sorry that the Morning Chronicle should
attempt to add to the present unseasonable alarm
as to the state of public credit. Referring to a
statement of the prosperous state of the Revenue,
the Chronicle says—" We wish we could repose
confidence in this. statement of the Revenue.
From the information we have received, so far
from there having been a growing increase as
compared with a corresponding period last year,
there has been, on the contrary, a very consider.
bale falling off." The information which the
Chronicle has received, respecting the financial
state.of the country, is altogether erroneous. We
repeat that the finances are flourishing and the
-.lartional resources quite unimpaired.—(lbid.)

[THE TIMES.]
We have received foreign letters which are
calculated to prepare us for an immediate recog-
nition of the Republic of Colombia by the French
government. Indeed, it is affirmed- by one of
our correspondents, that • the recognition took
place above a week ago, without having been
officially promulgated, or suffered to transpire but
in confidence. If we hesitate to pledge ourselves
absolutely for the above important fact, it is at
the same time our duty to state that the assurance
of it has reached us through a channel of much
respectability, and that it is altogether in har-
mony with the recent tone of the ministerial
journals under M. de Villele's influence. If
France, while under the House of Bourbon,
has been already brought to 'recognize a re-
publican government, built in
,spite of, and on
the ruins of despotism, of the despotism too
of rnother Bourbon, a double triumph has
been gained for > the interests of civilized
society. We can imagism no more forcible
illustration of the increased ascendancy of one
great saving principle over the political affairs of
men; than a sacrifice like this, of the charac-
"teristic spirit and master-passion of an abitrary
Court to the simple grandeur of a moral neces-
sity imposed upon it by .the interests and intel-
ligence of its subjects. There is in this homage
to the new-born freedom of ,South America, all
that could humble the false pride of legitimacy,
and subvert its whole system of argument, law,
and practice. 'Every state-paper of every mem-
ber of every Congress, assembled under the au-,
spices of the Holy. Alliance, and for the spread-
ing-of its impure power over the face of the
world, here receives its death-blow from the
hand of a renegado brother. If no political in-
stitution is to he tolerated but that which has
been. established by some Royal will—if such, as
we have heard from Princess and Ministers
without number, be the very basis and first
element of the Holy Alliance—why here, we say,
is one which none of you can tolerate—which all of
yon must *combine to crush, if there be honour in
Kings or,fidelity in engagements. Colombia, nay
America itselfi in every province, is under the ban
of legitimacy ; it is all treason, all rebellion, all
steeped in guilt, from Mexico to Cape Horn.—
s7l;.e haS—rebelled against her lord and master—
shetias presumed to fight, and beat, and extermi-
nate'the-regular soldiers of her lawful Sovereign
hai wickedly dethroned him, and hurled
audacious mockery and defiance at his right di-
Vine; and indefeasible supremacy. Here, then, is
a case, if evpr.one existed in the universe, for the
application of principles to their obvious ends.--
Here is not a solitary institution, but a bundle-of
institutions—a State—nay, a category of States—
fotmded on that identical principle which the
xoirlilliitice,and the King of France as a mem-
ber of it; have declared to he inconsistent with
th'e:safety of Sovereigns, and irredeemably con-
'd,esOned' by them to destruction. If the Holy Al-
liance be faithful to its own pledge, it must make
upon the rebel States of South America ; if
it can dO nothing by hostilities or persuasion,
to enforce its own system of politics upon man-
kind, why then it a helpless and ludicrous
league—a confederacy of preachers, not of po-
tentates, his a thing either false in its pretences,
or utterly' imbecile in its means. Instead, how-
ever, of this new democratic power being extin-
guished by the Holy Alliance, as, if it were an
fieriest alliance, must have been at least attempt-
ed, we are about to find the most forward and
criminal of the rebels, not endured only, but
countenanced, leagued with, traded with, corre-
sponded." with •on equal terms 'of courtesy and
amity, by the. prefix Chevalier of 'Monarchs !
We have said there is to be trade between
France and' South America,' and this leads us' to
the second branch of the victory obtained 'by na-
tions over Courtiers. The first was that of the
principle of resistance which 'placed the House
of Brunswick" on the English throne. The second
is that Of the enlightened system of commerce,
which the Government of George IV. has just
established for his subjects, and which, we have
the authority of French official newspapers for