The Sun.
London, England, 1822-01-02 00:00:00

'rift LONDON JOUttNAL:I.

PAILY EXTRACTS FROM TUC MORNING PAPERS,
January 9., 182'2.

[MORNING POST.]
By the Manchester Packet from the Leeward
Islands,we have received Letters from Tortola to
the 2d November. The crops on that Island as-
sumed a very flourishing appearance, and the
)harvest was expected to be more abundant
,than
in any year since 1811. His Excellency the
Governor had, at the solicitation of the Inhabi-
tants, as well as of the Council, issued a Procla-
mation, allowing the Importation of Lumber in
British ships of every description, into that Is-
larul, for the space of six months from the 22d of
October.

By letters under date of the sth December,
fiam_Crotaou, Teneriffe, we learn the arrival at
Scrutabrug, in that Island, of a small French
squadron, whose intended object was said to .be
the pursuit. of the Pirates cruizing, under the in.-
Fl3;-rectional Flag, against the commerce of Spain.
A short time previous to the arrival of the French
.•.,:;11adron a similar drnatnent, under the Ameri-
ca:l lag, had appeared off Teneritle, also cruising
pzainst the Pirates. At Crotaou, on the 15th
November, they had experienced the ravages of
a dreadful water-spout, which had inundated the
country round the Villa of Crotaou, and in the
port itself had destroyed many wine-stills, houses
and several lives. What renders this circum-
stance peculiar is, that the whole Archipelago of
Islands are suffering under a dreadful drought,
rain having fallen once only at Teneriffe and
Canary, and not at all in the more Northern
Island's of Lancerota and Funtaventura, so that
the hopes of the crops of corn and Barilla are
entirely distinguished.—(lbid.)

[BRITISH PRESS.]
During the last week of holidays there have
been, various reports calculated to depress the
funds, and as no real money business could be
transacted, and not many of the steady operators
attending, the few who did attend appear to hare
had pretty much their own way ; but if we may
judge from the parties themselves, it is probable
that next week, when the dividends will be in
the course of payment, stocks will recover much,
if not the whole of their late value, especially
as money is easy, and there are very strong rea-
sons to believe the present account, which is for
the 18th inst., will turn out a Bear account, and
the parties who have sold will be found weaker
than the parties who have bought. The late de-
pression in the French funds is, some intelligent
persons consider, not attributable to political
feelings, but simply to the failure of one or two
large speculators in France on their settling day.

[MORNING HERALD.]
A Morning Cotemporary, in his leading ar-
ticle :of yesterday, upon the President's speech,
has fallen into a material error. lie says, that
the expenditure of the United States had ex-
ceeded the income ; but that is by no means the
fact : for, oil the contrary, the income had ex-
ceeded the expenditure. Divesting the state-
ment exhibited by the President of the sums
either in the Treasury on the Ist January or on
the 30th September, it will be seen that the re-
venue amounted to the sum of 16,219,197 dol-
lars, and the expenditure to 15,645,288 dollars:
now, if the one item be deducted from the other,
the income will have exceeded the expenditure
by 573,909 dollars, which, at 4s. 6d. the par price
of the dollar, is equal to 129,1301. sterling.—
.As the Morning Paper in question professes to be
a commercial paper, we are much surprised that
it should have so commi►ted itself. The prin-
cipal of the United States' Debt has certainly
increased, as we shewed yesterday, in the sum
of 346,1121. English money ; but, on the other
band, there appears to have been a surplus in
th Treasury on the 30th of September to the
amount of 398,784/. The 346,1121. increased
principal of debt, therefore, being deducted from
the 398,7841. surplus, still leaves a balance in
favour of the income of the United States, in com-
parison with the total of its expenditure and in-
creased principal debt of 52,6721. sterling.—
The writer, doubtless, must have merely glanced
1):.s eye over the President's speech ; and be-
cause he perceived that an addition had been
made to the debt of nearly live millions of dol-
lars, he must have supposed that the expenditure
had exceeded the income by so much ; but in the
very same paragraph of the Speech, he ought to
have noticed the _cancelling of so many millions
of debt, paying a 6 per cent. interest. In fact,
this is the most singular part of the Speech, and
much.the best worth an Englishman's attention ;
being upon the system which every body can un-
derstand, of borrowing 1001. in money, and agree-
ing to pay 51. per annum for the use of it ; but
a2p!) in; the lOU so borrowed, to the paying off
aunarea pound Gent, preciously t.ontrauteil,
-end for which the contractors had obtained a 61.
per cent. interest.

[MORNING CHRONICLE.]
The attempts which have been made by means
al the most exaggerated and ridiculous statements
of cruelties committed by the Greeks against
their Turkish oppressors, to deprive them of the
sympathy- of a humane and enlightened public,
aAe, we perceive, treated with merited contempt.
Indeed coming, as these statements did, imme-
diately after a cool recommendation to extermi-
nate the Greeks, that is, to exterminate five mil-
lions of people, in order to ensure the tranquillity
of their two millions of oppressors, whose conduct
towards them was even, with an unparalleled as-
surance, termed kind and liberal, it was impos-
sible they could excite any other feeling than
that of unmixed indignation. But the Greeks
have enemies who do not go the length of
recommending absolute extermination, or calling
sympathy with suffering Christians fanaticism,
but who yet labour insidiously to obtain credit
far the exaggerated accounts of their cruelties,
and thence arrive at the most absurd and unjust
conclusions. 44 Because we condemn," say they,
" the savage ferocity of the Greeks, is it to be
4itpposed that we would perpetuate the despo-