The Sun.
London, England, 1822-11-16 00:00:00

or many days: but hitherto nothing
has occurred to prove that the loan has been com-
pleted. It is only certaiu that an appeal has been
made to the capitalists; and it may be supposed
that they, taking a lesson from the account of the
changes, will demand guarantees of repayment
more certain than the triumphant bulletins of the
Regency of Urge', which represented Castelfolit
to be an impregnable position as long as it was
not attacked, and who, now that it has been taken
by the troops of the King of Spain, declare it to
be an unimportant-place.
We are fully persuaded that the proposed loan
is not supported by any official guarantee ; be-
cause, in fact, no pledge of that nature could be
given by any constitutional Government before the
Chamber had assembled, and the Budget had
been voted ; and, on the other hand, there is not
the same security in the guarantee of an absolute
Government. Therefore, the prospectus of M.
Ouvrard appears to us likely to experience the
fate of many other prospectuses with which the
capital is inundated every day. The had effect,
however, that it will produce, will compel our
Sinking Fund to hasten its operations.
A Journal has noticed the absence of the Pre-
sident,of the Council from the diplomatic dinner
by the Maitre &Hotel of the King. This cir-
cumstance is unfortunately too well accounted for
by the death of the father of the Minister to per-
mit of any political conclusions being drawn from
it. We believe that the correspondent of the
Echo de la Sarthe has been too hasty in stating
that certain individuals would play distinguished
parts at the opening of the next session. The
obstinate silence of the Mondeur may at length re-
ceive a favourable interpretation ; for if it has
merely been desired, during six days, to consult
public opinton on a grave question, as that opi-
nion has been clearly expressed, perhaps the re-
sult will be definitive against those persons, who
can never expect to obtain the public approba-
tion in favour of violent measures. If this be
the explanation of the enigma which has inte-
rested every body during several days, we can-
not but return thanks to the Minister who has
provoked or permitted the experiment.
P.S.—The rise of the funds confirms the conjectures which
we have hazarded in the above article. It is now proved that
the warlike tone of certain JournalS was all to no purpose. The
dupes whom they have made may thank them for the loss of
their money; the violence of the Journal des Debuts is abated,
and the constitutional writers, who never ceased to rely upon
the wisdom of the King, have found all their hopes realized.
Can it be a question, after the experience of the past, which
party entertains the most pacific, most loyal, or disinte-
rested intentions ? This is truly the age of dupes, for
the journals at 'least; their after-thoughts have been exposed,
and henceforth we shall know what credit is to be given
to the declarations of certain papers who, under the pre-
tence of a desire for peace, would disguise their cruel
indifference for the misfortunes of the Greeks. Deaf to the
voice of ,religion, and blindly opposed to every species of li-
berty, they have endeavoured ,to excite war in the South,
whilst they affected to dread it in the West. Religion s ill
doubtless be as fortunate as liberty ; one will be assisted by the
efforts which were prepared against the other—at least we hope
so. As to the domestic consequences of the crisis which has
passed, let us hope that they will henceforth induce a certain
party, whilst pursuing their absurd detires, to respect the
Royal wisdom, and the honour of the French nation.

We received last night a letter from Bayonne,
dated the 7th of November. The following are
the most interesting particulars which it sup-

plies :---

" Quesada is still here; .it appears that he no longer desires
to proceed to take the command of the Army of the Faith in
Navarre, and that Charles O'Donnell also refuses to take the
command of IL We understand, however, that thiSpart of the
insurgent force is completely, dispersed since. the • affair of 'Los
Arcos. All the peaSants who composed part of It have return.
ed to their homes, and refuse again to quitthem. The soldieis
who lcft,France to join,this corps are in reduced numberg.on
the enreme frontiers near Irati, and we expect them here soon.
All thepreparations which were being made in Bayonne for
the supply of the Army of the Faith have stopped since Que-
sada arrived 'here."

The Quolidienne labours hard to show that the
rise in the funds is to be attributed to the mere
natural force of circumstances, and not to a
ministerial intimation, and consequent belief on
the Exchange, that there is to be no war. It
exerts itself to -show that war with Spain ought
to give stability tokirench credit, 'lotto weaken it.
The Moniteur of Wednesday contains a Royal
Ordinance, the object of which is to conciliate
the military : it bestows some privileges of pay
on such soldiers as shall volunteer to continue
their services after the expiration of their regular
term, which the ordinance calls a laudable devo-
tion to the state.

The Monitcur quotes the article from the Etoile
(referred to above), and ascribes the rise in the
funds to the news contained in it having been
communicated to the exchange brokers on the
previous day.

A private letter from Madrid of the ith inst.
is given in the Journal de Paris. In noticing the
abandonment of the prosecutions for the affair of
the 7th of July, it says—
" Although this important decision has been principally
owing to the appeal of some of the persons arrested, yet, if we
may believe the reports in circulation .on the .subject, consider-
ations of high importance, submitted by certain foreign agents
accredited to our Court, have been the more immediate cause.
Malevolence alone has spread there, as it no doubt has done in
other places, alarmingreports respecting the safety of the Princes.
Observing the accusations directed by the Fiscal against persons
of high official employments, it has been inferred that the
Infantas would be attainted in their turn. I can assure it
has never been contemplated to put them in accusation.—
I may even add, that the thought has never presented itself to
any of the existing authorisies—i. e. the present Ministry.—
There has been a trifling commotion here, apparently directed
against the persons in custody, but the authorities having time-
ly inforniation, the assemblage scarcely amounted to twenty
persons, of whom the greater number were promptly arrested
and conveyed to prison. The affair was so unimportant, that
on the following day it was not known in several quarters of
the city."

PARIS, Nov. 13.—A Council of Ministers
was held to-day at M. de Villele's. When the
Council broke up, a Messenger was dispatched
to Verona.

The Marshal Duke of l3elluno, Minister at
War, arrived to-day from his country seat to
Menais. His Excellency assisted this evening at
the Council which w.ls held at M. de Villele's.

The revolutionary journals announce to-day
as a thing nearly certain, that some changes are
about to take place in the Ministry : they even
go so far as to mention the Ministers who have
tendered their resignation. It is obvious that
these absurd rumours are intended merely to
affect the elections ; but, doubtless, the electors
will not be the dupes of the manoeuvre, which
is too palpable todeceive any one.—(illoniteur.)
Yesterday evening, at an earlier hour than was
appointed, the King transacted business with the
Minister of Marine.

In the morning his Majesty tranPncted business
successively with M. the Marquis de Lauriston,