The Sun.
London, England, 1836-10-25 00:00:00

THE SUN; LONbON, TUESDAY, OCTOBER 25, 1836

I'ETCY,S OF STOCKS THIS DAY AT ONE O'CLOCK.
Bank Stock.
:1 put cont. Ito. •, S7 V,,,',', i Ditto konsls
n net Cent. Corr.. ss .', sy I South Sea Stock —
:ii.', per Cent.-- -.
Onto }led ... (1P,".,1.,", New Ditto —
Ni.-iu 21.!, 0., Cent.,,.. 961,1 !,A,,,. ,!I per Cent. Annuities, 1751 —
New :1 per ci nt — Exch. Bills, £l,Ott 2 4 1 pm
Itaiik Loin; Aniiiiiti.sstoexiiii, Ditto 500 — pm.
Jan 5, !sill..
let 111, 11,50 .......... ~........ -- i Ditto Commercial
j,.u. 5. 151.0 —lDitto Advertised — Inn
Jan. 5,1,4 t„... ....... — , Batik Stock for Acc0unt........
Apiil 5, Igso ..... India Stock for Account —
Jan. 5, 1570 — i Consols for Account 83%14
Otnlnurn --pm. i

sudden as the growth of JONA H'S gourd, and as rami-
fied as the mustard tree mentioned in the Gospel pa-
rable. Let but political liberty be well understood in
one Department of France, and it will soon be compre-
hended and appreciated by all the other Departments.
The orator next proceeds to an examination of the
several Administrations which have succeeded each
other in France since the revolution of 1830. He
proves that the movements of all were intended to be
retrog-ade ; and that the last was dismissed because,
notwithstanding its apostacy, it was suspected of a
leaning towards Republican principles. Its members
had been patriots, and were consequently doomed to

PFICES OF FOREIGN FUNDS
Austrian I;onds
B .Igian Bonds
Ditto Account .
flrazdian Bonds

THIS DAY AT ONE O'CLOCK
Peruvian Bonds

Ditto Account
Portuguese Bonds

Ditto

Unto Account
Buenos Ayres Bonds

Ditto New Bonds ---
'A 6,c 5:4
Ditto Account 51 61.2 534
Ditto, 3 per cent. 35 ci% 6
Prussian Ronds —
Russian Bonds, 18'1. lO7

Dittn Account ........
Cnillixn Bond

pay the penalty of their origin. The present Govern-
ment uses precisely the same language as was used
by POLIGNAC ; its measures—its objects are the
same ; and if France demand from him his opinion
of what such language, measures, and objects must
end in, he declares that he can only point with terrible
forebodings to the Castle of Ham.
The next subject touched upon by the Hon. De-
puty is the foreign policy pursued by France. Upon
this all.engrossing subject we shall allow M. ODIL-
LON BARROT to speak in his own person. Our
readers cannot fail to observe how perfectly his ideas
upon this subject correspond with those which we are
daily in the habit of expressing :
. _ _

•.Ditto Account
l'oliniTh'an Bonds 20%

Ditto Account

11)11itt::,
11044, .1. ..... 2.21.;
I) Mioh Kan& ~1$1.,•11,

Ditto Metallic

Spanish Bonds
I+;110 AO-911111g
IS4I 9l'4
Ditto Account ,91 V 4 1 9,414
French, 5 per cent..........106f. VbC.
4 ppr
- 3 I)er "•=l.- `"-e
"---
,' ~ tX.Pl"ln3e••••, ...... 25f-
' per ocnt,
[)itto AC,.*L9:lllt
Ditto, 5 per cent 99
Ditto Account 90% !‹,

- -
Ditto Ativionit .
(i.C'C!7 Bonds
Ditto Bones:, ',+•=3
Ditto Account
Mesiutim jiiinds, 5 per cent
Ditto Account •,.rurrr
Ditto Ci per cent. •••,•
Ditto Account
Neapolitan

I'ItIC4S Or 61IARES THIS PAY AT GNI; O'CLOCK.
MI, Iv *lara.
Birmingham and Gloucester Railway Company.., 4 431
Cheltenham and Great Western Railway
Eastern Countys Railway I ON,
Great Weston Railway Company 2O 32 I%
Northern and Eastern Railway Company
South Eastern and Dover Railway Company 2 3

Arrived. Due
0 America.......„, 0
0 Vrazil
BUM', Ayres... 0
raro.agena 0
1 FtuidiD„,
0 Flanders „„ „„ 0

MAILS.
Arrlvz,d. Due Ariivel Due
I France 0 0 Lishon 0
II ausrii.&,Jersey 0 n Malta
I Hamburg 0 0 Mexico 0
0 Holland
0 Jamaica
0 Leeward Islands 0 I Waterford 0

«'A thing, however, which more particularly interests us
at present is the foreign politics of the country. And one
need to be no very profound diplomatist to discover where
and which are the necessary and national allies of France,
and where and which are the foes, open and concealed, of
which France has to beware. Our natural allies are Go-
vernments which have community of origin with us, which
possess the principle of the sovereignty of the nation, and
which march in the paths of civilization and progress.
Absolute Governments are our natural enemies and can
never be either allies or friends, since, by our merely
continuing to exist and go on in a life of freedom, we
are death to them. Knowing this, let us mark with
whom we quarrel, with whom we are allied. America
to begin with. Then Spain. Because Spain has pre-
ferred a popular charter, rendered sacred by having
been the banner of national independence—because Spain
has preferred this to a charte octroyee—every official organ
of the Government is set to stigmatise, insult, and irritate
her. Switzerland, which covers our frontiers, why have we
joined Austria to humble her ? Because our Ambassador
has been caught engaged in some filthy police intrigue. As
if France should submit to sacrifices, interrupt its corn-

HIGH WATER AT arimaN BRIDGE TO-MORROW.
M ,mning 5 minutes after a I Lverting......l2 minutes after a

merce, or take arms for so disgraceful a cause. Yet, if we
do not make war, for what purpose are these menaces, ex-
cept to render France equally hated and despised ? And
when we hear of the true and sincere sympathies of Ame-
rica, of England, of Spain, and of Switzerland, what have
we to boast ? The good opinion of the Holy Alliance, the
satisfeit of absolute Governments. Imprudent statesmen !
who do not know that when they shall have succeeded in
stifling every generous thought in France, in discrediting
every patriotic and philanthropic idea ; when they shall
have destroyed the sympathies of the people, and given
them instead the creed of indifference and disgust ; that then
our precious governors shall stand alone, unsupported, in the
face of that holy and absolute league of despots, which have
but to advance in order to crush them."

This is in substance what we have been repeating,
day after day, for the last twelve months. The official
organs of the French Government attempted to wrap
up, in profound mystery, the foreign policy of the
CITIZEN-KING ; but we were not to be led astray by
such humbug. The KING'S only object is the re-
establishment of a despotism. This is the true drift
of all his policy—foreign and domestic.

The French Papers of Sunday bring no authentic
information on the subject of the war in Spain. The
Ministerial prints speak in lofty terms of the national
pretensions to an ample apology on the part of Switz-
erland—pretensions which are justly ridiculed by the
whole Opposition Press. One of the most curious
affairs that has taken place for some time, with refer- ,
ence to the public Press, has led to the compulsory
disavowal of the La Paix's connection with the pre-
sent Government. In consequence of certain hints
thrown out by the La Paix after the dismissal of M.
THIERS, it was generally believed that Count MOLE
had taken this journal under his especial protection,
and hence its opinions acquired a semi-official reputa-
tion. Resolved to make the most of public credulity,
M. NOUGUIER, the principal Editor, addressed a let-
ter to the President of the Swiss Diet, stating that
France knew she was wrong, in the first instance, in
offending Switzerland, but as the Diet was likewise
wrong in its method of resenting the injury, the better
way for both would be to forget their mutual intem-
perance of language, and to become friends. Switzer-
land would not refuse to say that she had offended
France, and he took upon himself to state, in the name
of the Government, that France would accept the con-
fession as an ample reparation. The President of the
Directory communicated this letter to the Deputies;
they were indignant at such an unworthy attempt at
dictation on the part of France, and ordered the letter to
be enclosed to Count MOLE. The President of the
Council imstantly sent to M. NOUGUIER, the prin-
cipal Editor of the La Paix, and compelled him to
publish a statement signed by himself in his character
of Journalist, denying that he ever enjoyed the confi-
dence, or was in any way the organ, of the Govern-
' ment. This humiliating concession has failed to sa-
tisfy some persons of MOLE'S previous ignorance of
the purport of M. NOUGUIER'S letter to the President
of the Directory. The sacrifice was necessary to save
the Minister.

For the other subjects noticed in the French Journals
of Sunday, we refer to our extracts.

Letters from Lisbon received this morning represent
the aspect of the capital as overshadowed with a deep
gloom. The principal inhabitants are fast betaking
themselves to the country, in momentary apprehension
of a counter revolution.

Mr. CLAY has followed up his parliamentary exer-
tions on the subject of Joint Stock Banks, by the
publication of a pamphlet on the same subject. Our
readers are aware that Mr. CLAY'S theory of banking
has something peculiar, if not paradoxical, in it. The
Hon. Member for the Tower Hamlets contends not
only that limited liability in the partners of a Joint
Stock Bank is in every respect preferable to unlimited
liability, but that the latter principle is the most dan-
gerous that can be adopted in such institutions, and
almost sure to lead to disastrous consequences. The
object of the pamphlet is to establish this important
point, but while we allow that the Author has displayed
considerable industry, and no small share of ingenuity, in
illustrating his favourite theory, we must confess that
he has not yet converted us to his opinion.
Along with limited liability, it must be observed,
paid up capital and publicity of accounts are essential
parts of Mr. CLAY'S plan. These three things are in
his view necessary, and the only things necessary on
which to found a system of banking that shall be per-
fectly safe, and at the same time the best calculated to
develope to the utmost the resources of the country.
The great advantages thus secured are a more respect-
able banking proprietary, and a limitation of credit to
the " precise extent commensurate with their really
available resources, and the discretion with which those
resources are managed." Unlimited liability, on the
other hand, it is asserted, deters persons of wealth and
character from becoming partners in joint stock banks ;
while the credit of such banks is unduly enhanced by
the false notions which the public are led to entertiOn of
their aggregate wealth, They are thus induced to trade
far beyond their means, and when the moment of prel,,,
sore WWI they have -to make Pali§; at conWPrgtio
date, on a reluctant prop ietaryl for the motley which
(night to have been to their coOrsi The ;Jamie
solvency of a bank Mr. CLAY considers matter of no
consequence—the great object being to have funds
always ready to meet the demands that may by pciseihi:
city rt 14491! 4lq its 4e11904g5• Uow Ptit4tabfe
banking is to be carried on on_ such a plan we do not