The Sun.
London, England, 1825-02-23 00:00:00

have not yet made out a case for war. The'
state of the French Finances, in particular,
affords a guarantee for peace,which accords with
the general views of M. de Villele's Administra-
tion, and the personal feelings of Charles X.—
When the question of reducing the French Rentes
was brought forward last year, it was stated to
the Chambers that the whole number of
Rentiers did not exceed 145,000, and that
about seven thousand of these were holders of
inscriptions for one half of the sum of Rentes to
be reduced. While the measure was in agita-
tion, a large majority of the small Rentiers sold
out, and have employed their money in other
ways. Their Rentes were purchased by specu-
lators who have successively continued to borrow
money on them by bargains of purchase and sale,
renewed from month to month, on the principle
of the continuation in our own Stock Market. It
would be no easy task to ascertain the amount
of Rentes thus floating on the Bourse of Paris ;
but as the number of the smaller inscriptions has
been reduced in an astonishing proportion, and
the difference of price from one month to
another has rarely been as low as five per
Cent. per annum, it may be presumed that the
' comparatively few individuals, into whose names
' they have been transferred, only hold them as
deposits, on which they have lent their Capital.
; I Of these Capitalists, the larger part, who may be
considered as Cosmopolites, and only carrying
their Ecus where they may make the best return,
would, on any serious alarm of war, be the first
to withhold their funds from the speculators. The
result would he a recurrence of the scenes of 1817,
under aggravated circumstances ; and to a Govern-
ment, which depends mainly on its public credit,
the consequences of such a state of things can
hardly be foreseen. In such a case, adieu to all
indemnity to the emigrants ! If, therefore, M.
de Villele, who in his system of reduction has
from the very first calculated on the aid of fo-
reign, and more especially of, British Capital, re-
news his proposition, in the face of those acts
which are supposed to place France in collision
with the very Power whose pecuniary resources
can only be available to her in a state of peace,
is it not to be inferred that the French Govern-
ment has not an idea of fastening a quarrel on
us ? Add to this view of the motives for peace on
the side of France, that the interests of Great Bri-
tain are alike opposed to war, and it will be diffi-
cult to imagine a probability of war between the
two countries. Certainly, there may be indivi-
dual States disposed to make a part of a confe-
deracy against us, but a single-handed contest
might not S 9 well suit them. Peace, which has
done so much for Great Britain, has been of im-
mense service to France. Aluch of the good is
only yet ripening ; but ten years more of foreign
peace and internal tranquillity will bring it to
maturity, and develope resources of which the
French themselves have at present only an im-
perfect idea.

[BaITIS►t PRESS]
The proceedings in Parliament last night were
heightened in effect by an unusually violent speech
from Mr. Hutchinson. On the motion having
been made, that the Bill for suppressing the Irish
Societies should be committed, Mr. Hume, some-
what irregularly, proposed that it should be
an instruction to the Committee to introduce
a clause, requiring all officers of Government to
swear that they do not belong to any Society
of an unlawful character. It was explained
to the Honourable Gentleman, that by the course
he was taking he would only direct the Com-
mittee to do that which they could do without
the order, if they pleased, and which they could
not be compelled to do with the order, if they
did not please : but lie persisted. It was satis-
factorily shown by Mr. Peel, that such an enact-
ment would be not simply inoperative, but
actively pernicious, as giving to each individual
a power of defining for himself the limits of
the lass. It was on this question that Mr
Hutchinson had the indiscretion to give utterance
to language too much in accordan.'e with
the spirit of the Association he was defending. It
is a charge against the Catholics that their cor►-
duct tends directly to the subversion of publ►c
order ; and their advocates justify them by con-
tending, that they ought to set the authority of
Government .at defiance. Is this the most con-
vincing mode of proving that the Catholics are as
loyal and peaceful as they assert ? The Amend-
ment of Mr. Hume was negatived without a division,
the House went into Committee on the Bill,and the
Chairman having reported progress,obtained leave
to sit again to-morrow.—Leave was given, in the
course of the evening, to bring in several Bills
for the improvement of Ireland ; one relating to
the levy of Church Rates, another for the amend-
ment of the law of Landlord and Tenant,and the
third to regulate the office of Justice of the
Peace.

COURSF. OF EXCHANGE, February it.
Anisteidatu . Le 3C. F.
Ditto, at Sight l2 0
Rotterdam
Antwerp l2 4
Hantlintgli ......
......
J 7 125 Us.
Altotta
Paris,3 Day's sight ...................... 20 15 OU.
Ditto .................................. 25 45 '2 "
liourdeitux, ditto ........................ 95 45 0 t
Be' lin
Frank tort on the Main
Peteisburgh ............................. . 9 0
Vienna .................................. 10 4
Trieste .................................. 10 4
ect ire
Madrid .• .36 Rtf
35 F.trective
Cadiz.................................. i
Bilboa .................................. 334 F.ltecti se
Barcelona .............. ............. 35 •
~etri11e............... 351
Gibrahal .............................. 31
Leghorn .................................
Getaas 14i-Venice, Liv. 27
Malta
Palermo ................................ 19 pt <)t
Lisbon
Oporto .............................. .. 14
...................... •411
....
Bahia .................................. .• 50
Dublin ••• • 9i Curl( ..... 91 c'
BULL E 0 S •

vortagai .... .......... L." 0 0 per )X
Foreign Gold,
...... ....
.............. 17 9
New Dotibloons
........... • • • • • •
New ollar.; ...... .................. 0 4 10.1 i
D
,0 vet' Standard 111 Bars— .4
5 "

Letters from New Orleans, dated 2.lst De-
cember, state, that business was brisk. Subsequent to the
first of October, they had exported upwards of 1:.1,000 bags of
cotton,