The Sun.
London, England, 1825-12-01 00:00:00

[BRITISH PRESS. 3

Yesterday was a holiday at the Bank, but still
there were large bargains done for this day, and
the Account transactions were also very heavy.
At the commencement of business the price of
Consols for to-day was 833, and for the Account
84;• but a violent struggle afterwards took place
between the Bulls and Bears, in,which the latter
were triumphant, and consequently the quota-
tions declined, for Money to-day to 82-H, and
for the Account to 83k. The closing prices for
the Account were 83i, and for this day 828.
Exchequer Bills not due were at 15s. 13s. 15s.
16s. discount ; and advertised due ones were
from ls. to 4s. discount. To-morrow will be a
Tea prompt-day at the East India House of
600,0001., and the public probably are not aware
that over-due India Bonds will be taken at par
in payment for this prompt. Over-due Exche-
quer Bills will also be taken for duties, so that
persons paying them may realize 4s. per cent.
premium. rl'here was but little business doing
ib the Foreign Market ; Colombian Bonds were
at 62; Mexican 6 per cents. 63; Greek Bonds
18 20; and Spanish ditto 15 to 2. French
Threes came over as low as 62f. 25c. The
Sugar Market continues languid. There were a
few more inquiries for Coffee. In Rum nothing
was doing.

[MORNING CIIRONICLE.i

A MM-ning Paper of yesterday has the follow-
ing observations on Ow subject of the South
American. Loans We also -recommend our
Stock Exchange readers to peruse some statements
which have lately appeared in some of the aristo-
cratical and democratical papers relative to the
flourishing state of the revenues of South America.
ft should be remembered, that in the course of
about half a year, the sums retained by the
contractors out- of the Loans wherewith to pay
the four first dividends will be exhausted. And
as, the probability Is, that not a single remittance
has yet been received from South AMeriCa to pay
the dividends; and as it is further probable that
it will-be a long time before the South American •.
Governments will be able to remit 'money, we
would ask the Stock 'Exchange knowing-ones,
whether. the accounts with which, hey have lately
been feasting their-eyes are not preludes to its be-
ing announced,some of these days, that Don So-and-
so is authorized by such and such a Sou thAmerican
Government, to contract with Messrs. So-and-so

' for so many millions of dollars for the service of
such and such a State ? For our parts we cannot
help thinking that the late South American flou-
rishes are ' Feelers.' "—We are unwilling to add
to the uneasiness which the public begin to feel,
and not unreasonably, with regard to the South
American Loans. We cannot, however, help
thinking that the statements above referred to are
not exactly of a nature calculated to dispel that
uneasiness. The great difficulty with respect to
the South American States, and States similarly
circumstanced, is that there are few public men
sufficiently upright in them, to whom the disposal
of Loans can be safely entrusted. Bolivar, we
know, is a man of pure and upright mind ; but
he may be said to stand alone. The people,
knowing that the Loans have become the prey
of rapacious people, feel exceedingly discontent-
ed under the burdens which the interest of the
Loans entails on them. The history of the ap-
propriation of the Chili Loans, for instance,
which will soon be laid before the public, will
exhibit a❑ extent of profligacy almost beyond
example. The Greeks contend that the English
Loans have ruined them ; and we fear it may be
said, with equal truth, that the Loans have sel-
dom improved either the circumstances or the cha-
racter of the South Americans.