The Sun.
London, England, 1822-09-21 00:00:00

[NEW TIMES.]

Bayonne Letters of the 12th instant were re-
ceived yesterday ; and their contents seem
somewhat unfavourable to the Royalist cause.—
Quesada is stated to have sustained a serious
defeat ; but this we have no doubt is much
exaggerated in the occurrences and still more
in the anticipated results. Navarre is not the
strong-hold of the Royalist cause. Catalonia is
the scene where it seems to spread and flourish
with the greatest force. We do not believe that
Quesad a has ever been able to bring into the
field so large a force as that which is said to have
been routed. lie has principally carried on a sort
of Guerilla warfare ; and his troops, if dispersed,
are likely soon to reunite under their former ban-

ARCS, The English reader must be very carefully
on his guard against the financial speculations of
the predominant faction at Madrid. Their hopes
rest entirely on the loans which they may raise
in foreign countries; at the present moment
it is urgently necessary for them to induce
the capitalists to advance money ; and for

this purpose fabricated accounts will certainly
be resorted to, if none should be really ob-
tained. The faction eagerly give out that they
are supported by the English Ministry. The
English Ministry will of course maintain a rigid
nvutrality ; but if . they were ever to depart
from it, it certainly would not be in favour
of a set of democratical adventurers, whose
avowed principles are in such decided op-
position to the British Constitution, and who
have already plunged their own country in-
to the horrors of anarchy and civil war. The
doctrines perhaps of the Chiefs of the A rmy of
the Faith-may not be much nearer to our own
notions orsound'and rational liberty. There is,
chOwever, a moderate party in Spain, whom the
Liberales now, persecute more unsparingly than
they do even the Serviles; and to these Mode-
rates we may perhaps ultimately look for the
establishment, of a liMited Monarchy like our
own. .

[THE TIMES.]
C Letters dated Wednesday last were received
listerciay from Paris, which state that the fall
of the funds which took place on that day, was
_caused ..by ft rumour that the postponement of the
Duke of WelliTigton's departure for Congress
arose solely from political motives ; and that

England, prompted by zeal in behalf of Consti-
tutional liberty in Spain, meditated an entire
separation from the Holy Alliance."—lf the
above paragraph be worthy of attention, it is not
that it assigns the protracted stay of the Duke
of Wellington in England to the true cause, or to
any thing like the truth. We at the same time
feel that no mean value does belong to the state-
ment contained in the Paris letters. An hypothesis
wholly false as to the main fact which it as-
sumes, may throw a strong light on the connexion
of other facts which are undoubted, with prin-
ciples and consequences of the very highest im-
portance. We are now to understand that the
mere imagination of England supporting the free
Constitution of the Spaniards, and separating from
the Holy Alliance, produced a fall in the French
funds—that is, in the public credit of the Royal
Government. Hence are two obvious conclu-
sions to be derived :-Ist, That the Holy Al-

Hance, and the French Bourbon Government,
are unquestionably hostile to the established
Government and Constitution of Spain ; and
2d, that England has been considered by
the great French Fundholders in the secret
of that Court, as leagued with the Holy Al-
liance, and with the Bourbon Princes, against
the liberties of the Spanish nation. Of the
wishes and inclinations of arbitrary Princes,
as between the cause of freedom and that of
despotism, there is probably no reasonable man
who will hesitate to form his judgment. With
the sentiments of Courts, however, nations have
hut small concern, unless they break out in posi-
tive acts, or appear armed with the spirit and
with the necessary means to enforce themselves
upon society. Now sufficient ground may have
been afforded by the State Papers of the Rus-
sian agents, to prove the unfriendly dispositions
of their Cabinet towards the Spanish Consti-

tugon ; and more than enough in the Cordon
Sanitaire, to evince the tendencies of the
French Government in all that related to the
Spaniards; but we have hardly yet seen an
evidence so glaring of the designs by which
their hostile propensities are likely to be followed
up, as in the simple fact of the French Funds
having actually fallen, because those schemes,
whatever they might be, were about to lose the
support and countenance of England. If no
operations were to be undertaken—if nothing
were to be done—of what importance would be
the agreement or disagreement of this country
with the Councils of the Holy Alliance ? Au
abstract assent to, or denial of, the doctrines, or
a purely sentimental acquiescence on the part of
England in the feelings, entertained by the French
Government and the Holy Alliance, might be
matter of pleasing or ungrateful reverie to Cour-
tiers, but could have no effect upon the funds !

[MORNING lIERALD.I
At the General Meeting of the Court of Pro•
prietors of the Bank of England, there was a
short but not uninteresting conversation relative
to Bank forgeries. We shall specify a few facts
that came out. It appeared that the commission
of Bank forgeries had been greatly diminished,
and the cause assigned for this diminution, was
the retreat of one and two pound notes from cir-
culation. It also appeared that the return of
these small notes into circulation was no impro-
bable event ; and lastly, that the Bank of Eng-
land had hitherto found all its efforts fruitless
in the search of any expedient or invention
to diminish the temptation to this crime, by
rendering the process more difficult.—Now,
in the contingency of these small notes being
launched forth, the commission of forgeries will
probably be greater than before. The facilities
are always the same, and the appetite for the
crime will be but sharpened by the interval of
suspension. What then remains to be done ? As
it appears to us, simply this—that the invention
of some plan, and its submission to Parlia-
ment, should be made the sine qua non of
re-issuing their small notes. It was contended
at the Meeting, that the Bank has within
itself the discretion of re-issuing them. Of this
we cannot speak, not having the Act of Parlia-
ment before us. But supposing that the Bank
has this power, it only renders its responsibility
more exclusive and awful. Will the Bank,
after its own confession, by the lips of the Go-
vernor, that the commission of forgery and the
shedding of blood have decreased with the dis-
appearance of the small notes—will the Bank,
we ask again, throw out these tempting baits
to the reckless desperation of those, who, from
an evil disposition or the pressure of want, are
easily won to the commission of a crime so easy,
and having so many seeming chances of security?
If such were the case, and that the scaffold at
the Old Bailey were again so abundantly
drenched with human blood, and at such short
intervals periodically, that the blood had scarcely
time to dry, how unhappy the situation of this
powerful and respectable Corporation in the
eyes of the people !

SHOCKING CASE.—The unpleasant circum-
stance at Grantham, to which we alluded in our
last, has been thoroughly investigated by the
Magistrates of the borough and those for the
parish of Kesteven, whose united exertions in
bringing the delinquents to justice are extremely
praiseworthy. The young man, the dupe.of the
party, has been committed to Lincoln Castle, and
two other persons are charged with misdemeanours,
one of whom has entered into recogiiizances to ap-
pear at the Sessions at Falkingham; the other is yet
at large. We are happy to find that the reports of the
number implicated (and which raised it to as many
as 36) are entirely without foundation; the above
persons, and the three committed last week,
being all in any way concerned. It is not true
that W. ARDEN, Esq. had apartments at Gran-
tham during the hunting season ; it appeared
during his examination that he never was in the
town but once, and that he lett London for the
express purpose of committing the offence. It
is singular that, with the exception of the young
apprentice, and JOHN DOUGHTY, the uphol-
sterer (who had lately established himself in
the place, and was also from London), the
parties all lived at a considerable distance from
Grantham, and were, comparatively speaking,
strangers to each other.—(Boston Gazette.)