The Sun.
London, England, 1825-06-10 00:00:00

DIORNING HERA TD.3

It would appear from our Private Correspond.
ence from Madrid, that such is the system of
smuggling at present pursued in Spain, that the
bulky article of wheat has been smuggled in such
quantities, that the Spanish Government have
found it expedient to allow of its importation up
to a certain period, on the payment of an import
tax of 10s. a quarter.—These smugglers are ad-
mirable regulators of Governments ; and we wish
that they would so far regulate onr Agricultural
Aristocracy as to compel it to accede to the rea-
vonable proposition of receiving corn into this
country subject to a fair protecting tax.

[MORNING CHRONICLE.]
The English Funds fell suddenly onWednesday,
from the ridiculous report circulated that the Ja-
maica Packet was hurried off by the Ministry,
with orders for the British Admiral to seize Cuba
as security for the payment of the English claims
on the Spanish Government. Consols fell from
91-h- to 901. Yesterday morning they opened at
904, and have since remained steady at 9018.
The Commissioners for the Reduction of the Debt
paid 89i for Reduced Stock, which is e less than
the purchases of Wednesday. The Government
Brokers bought 40,000 Reduced for the Chan-
cery account for yesterday, and for which 90 was
paid. Exchequer Bills remained at a low price ;
they are quoted at 26 to 30 ; Indian Bonds at
47 to 49.—1 n the Foreign Market there conti-
nued to be a great gloom; Greek Scrip fell to
14 discount ; Mexican to 3-n- discount ; Colom-
bian Bonds to 86 ; Brazil Scrip to 11 discount ;
Danish to 4.---The rumours respecting a Spanish
Loan still continued to be circulated ; the Bonds
have been 244 to 25, and were yesterday 2414.
Russian Bonds, 941.—En the Share Market there
was again great heaviness: Anglo-Mexican, 105
to 110 ; United, 22 to 24 ; Pasco, 11 to 12 ;
Potosi, 6.—The accounts from the Canada Com-
missioners continued favourable, and Canada
Shares were 27 to 29. The Canada Ship Build-
ing Shares also partook of the improvement. The
Australian Company Shares were in good demand
at the premium we have quoted. The New
Mining Shares of Famantina, in opposition to the
Rio de la Plata Company, attracted little at-
tention; one or two purchases are, however, re-
ported at 10 premium, but there is no regular
market price. The only aleration is in Ango-
Mexican Shares, which were 100. The payment
of the instalment yesterday went off heavily.

[THE PUBLIC LEI/GERI
t is more than six months since the American
Papers announced the arrival in the Mexican ter-
ritory of a Deputation from the Island of Cuba ;
and we now learn,through the same channel, that
in March last a numerous expedition was prepar-
ing at Alvarado for the deliverance of that fine
island from the yoke of Spain. This is the
first notice, we believe, which has been given
of this important enterprize, and which has
been prepared with a degree of secresy, promp-
titude and vigour, of which popular Govern-
ments are alone capable. The Mexicans have
already scarcely recovered from a state of general
anarchy, or complete suspension of all Govern- ,
ment ; and yet they begin already to aim at great
things; whilst Spain, with her monarchical sys-
tem, is so paralyzed, that she cannot protect her-
self without foreign aid. But Spain is not a
solitary instance of the lethargic effects of arbi-
trary povier ; for Portugal is nearly in as lifeless'
a state; and it would he much easier for the Bra-
zils to invade. Portugal with 20,000 men, thane.
it would be for the latter to fit out -an expedition
of 5,000 men. There is not a Monarchical
State- in Europe, with twice the population of
Colombia, which could have prepared in the
same space of time, any thing half so perfect as
the armament, which hai just achieved the inde-
pendence of Peru. If the New States, in their
very infancy, are capable of these exertions, we
have some notion of what they shall be able to
perform in their manhood. The grand arcanum
of national glory and prosperity is liberty ; and
the purer this is, the more redundant are the
former. If England were now as free, as she
was at the beginning of the last century, she
would exercise incomparably more influence on
the affairs of the world, whilst her happiness at
home would be on a level with her consideration
abroad. Take away from her the- liberty she
has left ; and, la less than half a century, she
would be a sink of vice and poverty.