The Sun.
London, England, 1838-01-26 00:00:00

TlI E

'erect ? He cann of—.the thing is impossible. His
only resource is eitlier to retire from business altoge-
ther, or to remove- his capital and his enterprise to
some place where labour is free, and where he can
carry on his business without molestation. Let the
Dublin operatives look to the state into which the
trade of their own city has fallen, and then say whe-
ther it does not afford a volume of instruction on this
point. The total annihilation of some branches of trade,
and the decline of all, in the capital of a country
containing a .superabundant population where,
in fact millions of people are reduced to beg-
gary for want of employment—is to be attributed
solely to this violent and unreflecting spirit of com-
bination among the workmen. To bear out this
assertion, were.any other proof wanted than that in
the very nature of things it must be so, we have only
to refer to the statements made by capitalists at this
very meeting, and by others who have actually been
obliged to migrate to other quarters to save themselves
from ruin.

The Paris Journals of Tuesday and Wednesday
have been received with advices from Madrid of the
16th instant. The following is the only official news
from the Spanish capital :

" BORDEAUX, Jan. 20.
" According to advice' from Madrid of the 16!li, Baron de
Solar had resigned the War Department, and was to be re-
placed by General Caratala.
" The political chief of Cuenca had reported that Basilio,
after sustaining a defeat, was closely pursued by two columns,
who had already taken many of his men priseners, and received
a good number of deserters."

The following information has been communicated
to us by a Paris Correspondent, in a private letter of
the 23d.

Don Carlos has lately received, via Sardinia, the sum of
two millions of francs from the Autocrat, the Kings of Prussia
and Holland. The last-mentioned is the chief contributor on
the present, as on every other occasion.

the fact of a sum of money having been forwarded to the
Pretender, has been already alluded to by several French jour-
nals; but the following circumstance; which I recommend to
your attention, are yet unknown, or at most, but suspected by
the press.

When the subsidy was first talked of, Louis Phillippe, to
whom it was anything but palatable, started the following ob-
jection :—" If we place a sum of any consequence at the ei3
posal of the Spanish Government, instead of its being appro-
priated to the use of the army, it will be transferred, like all
the loans, and taxes, and confiscations, into the pockets of the
Queen's autho:ities : Cordova will have his share, Torreno
his 'Meadizabal, Calatrava, and all the uther greedy patriots,
theirs. If we wish the supply to be really useful, we must
send agents of our own, who may see that it is not dilapidated
in this manner."

To this proposal the Ministers all consented. It was,
therefore, almost certain, only two days ago, that a subsidy.
would be sent to the Queen of Stain.
A new difficulty has, however, since arisen. Louis Philippe, I
have just been informed, has reflected that if French agents
were to repair to Madrid, and enter into open communication
with the Queen's Government, he might not be free to retract
when he chose. Such an open espousal of the interests of
tho Constitutional party would render it incumbent on him
to stand by that party and prevent its fall, no matter at what
risk. After pondering for several days on this state of the
case, Louis Phillips has come to the resolution of setting his
veto against the proposed measure. The Ministry will'therc-
fore be compelled to yield or resign. Of their preferring the
former I entertain no doubt.

FRENCH FUNDS—PART?. JAN. 2t.
Five per Cents.. 116 f. 1091. 4/se. 85c. 75c. SOc.
Four per Cents,,,PlL
i'lire nr.r Centi,. 71d. 7;-,c. 70e. $5
Rmk Actions, 2,61' f. 2,6171. soe. 2,610 f.
Rentede Naples, M. e. •70c.
Roman Five per Cents., 101%14%.
Flelßian Loan, Five per Cent., 103 S.
Belgian Bank, 1,311 f.
Pertuguel•e Three per Cents., 18%
ISICFIAN,... Os LONDON.
Orie month, paper, --f. --c ; money, 25'.47e
Three months, paper, 251. 35c : money, :251.
LAST PRICES.
. Five per Cents. ma: roc.
Three per Cents., 791. 60e.
rank Actions, 2,0101'.
Romans, 101%.
Belgian Lean, 10334.
Belgian rank, 1,5`511
PortugueSe Three per Cents., 191.
Spanish Differes,

The following communication from a Correspondent
of the Herald of this morning, is copied from the
columns of our Contemporary :

LIVERPOOL, THURSDAY AFTERNOON. —The New York
packet of January the Ist, which was telegraphed as having
passed Holy-head on Tuesday, has not yet arrived, but is
momentarily expected. The long delay between her an-
nouncement of having passed the Head and arrival h' re, has
given rise to the greatest anxiety. It has been caused by
the wind blowing unceasingly and violently from the east.
So unpropitious has keen the wind for in-coming vessels,
that the Dublin packet did not arrive here at all yesterday—a
circumstance which has not occurred for years. Owing to her
long delay in crossing the Channel her coals became con-
sumed, and with difficulty she reached Holvhcad, front which
place the passengers arrived this morning by the mail coach.
The packet from Dublin to-day, tvhose customary hour of ar-
rival is six a. m., bas. not at the present moment (half-past two
p. m.), made her appearance.
The New York packet sailed on the second instant, so that
she will bring seven days' latter intelligence than the Virgi-
nian on Monday.