The Sun.
London, England, 1825-02-03 00:00:00

matter for exultation in the bravery of his Ma-
jesty's troops, in the fidelity of his Allies, and
in the confident prospect of ultimate triumph
to his Majesty's arms. -True it is that this will
demand an augmentation of our military force ;
but from the prosperous state. of the Finances
already alluded to,.it. will be seen that this aug-
mentation may he adopted without .imposing ad-
ditional burthens on the people. Such, we be-
lieve, will be foundi to be a fair outline of the
Speed► which the Royal Commissioners will this
day lay before Parliament ; and it will no doubt
he received by both Houses with those sentiments
of grateful and loyal exultation, which they will
share with the country at large. Indeed no Ses-
sion of Parliament was ever opened under hap-
pier auspices ; nor did the Nation ever exhibit so
universal a scene of content and happiness.

THE TIMES.]
It is said that a Parliamentary inquiry is likely
to be proposed, early in the session, into the
merits of the new Companies recently formed,
for the purpose of discovering if any of them
have
been established with fraudulent intentions, and
in that case punishing the parties concerned in
them. We may take this opportunity of onserv-
ing, that as it is impossible for a journalist to be-
came intimately acquainted with the merits of all,
or any of them., we may fairly he excused, for
leaving those concerned, who ought to,. he the
the best judges, to exercise a free discretion on
the subject. In condemning aby of these new
undertakings, there would always _be a risk
that a great public advantage might be im-
peded ; and, on the other hand, by a particular re-
commendation of any,. an impulse might be given
to injudicious speculation. This projected mea-
safe in Parliament may, however, serve to put
dishonest or incautious people on their guard.—
Indeed, it must be evident that the enormous
premiums at which some particular 'adventures
have arrived, are likely -to constitute a false
value, which may produce nearly as Seriqus mis-
chiefs as if the original plan Was
.a .knavish or
injudicious one. For example—a suriting five
per cent. as a fair profit on any original un-
dertaking, and that it rises subsequently to
WO premium, those who have purchased at
that advance will only get 2.4 per cent. for the
money laid out, which not being an adequate re-
muneration in any .adventure coupled with the
smallest risk, the shares must be brought-for sale
in such quantities as. will reduCe their value to
that at which they were first issued to the sub-
scribers. Another important caution may be
given, which is the propriety of inquiring what
persons, as Directors, take the management of
new companies. :It is notorious, that some in-
dividuals are connected in• that way with so
many, that it is quite impossible for them to
fulfil the duty attached to the 'office.; and
we may go so far as to say, that there are
A-nstances of Directors being concerned in the
management of companies, the interests of which
are in opposition to each other. The giving of
salaries to' Directors is also objectionable, at least
until the company is in full operation. It is well
known that great advantages have attached to
these gentlemen in the shape of shares on favour-
able terms, and in other ways ; yet one of the
new companies, of which not half the capital is.
yet paid up, at a meeting held the other day,
voted a salary of 2001. per annum to each of the
i twelve Directors.

[RRITIsii PRESS.]
We have received the Paris Papers of Monday
in due course. The only intelligence they con-
tain is from Spain and Greece, and what they
bring is of little importance from either country.
The infatuated Cabinet of Madrid seems actually
to have been taken by surprise, on receiving
the information that England had resolved upon
recognising the independence of the revolted
colonies. The Fanatics of the Faith are thrown
into an ecstacy of rage, and earnestly supplicate
Russia to take vengeance on us for the out-
rage we have committed on the principles
of legitimacy. The Courier Francais, how-
ever, remarks truly, that " principles and
doctrines are rigorously followed by Cabinets
only when they are in agreement with the public
interest and safety. As soon as this agreement
is at an end, the public interest and safety take
the ascendancy." The news from Greece is not
more recent than that we already possessed. The
Austrian Observer greatly exaggerates the late
disse►►sions among the Greeks ; but, even accord-
i►►g to its representations, the Government has
succeeded in putting down the revolt against its
authority. There can be little doubt, we think,
that Colocotroni has been compelled to offer his
submission, though no actual and direct confirma-
tion of the fact has yet reached us. We under-
stand from our Correspondent that the excite-
ment in the public mind, in consequence of the
proposed indemnity to the emigrants, is much
greater than we seem to imagine in England.—
, Pamphlets issue from the Press every day
on the subject, assailing the ministerial
project in every direction ; the Royalists
complaining that the indemnity is insuffi-
cient in amount, the Liberals that it is un-
justifiable in principle. One Paper estimates that
about fifty families will alone swallow up more
than a third of the whole sum allotted to the in-
demnity. This is a compendious and expeditions
mode of making a wealthy aristocracy, though
perhaps not altogether the most advisable. Pe.
titions will be presented to the Chamber of De-
puties before the discussion of the indemnity
takes place, suggesting that the emigrants now in
the Chamber ought not in decency to interfere
personally in a matter in which they are so
deeply concerned. The first petition of this kind
will be from an advocate, M. Grand, who founds
his recommendation on an elaborate argument,
derived from the universally-acknowledged prin-
ciples of justice and honour. It was 'reported
that M. de la Bourdonnaye intended to sub-
mit a motion to that effect, but the Aristarque
has, on his authority, denied the statement. The
emigrants, it may therefore be presumed, will
not be induced, from any over-scrupulous feelings
of delicacy, to abstain from voting themselves to
be fully entitled to the immense sum proposed to be
granted to them. As they constitute a large ma-