The Sun.
London, England, 1822-05-06 00:00:00

THE LONDON JOURNALS.

EXIRACTS PROM THE DAILY MORNING PAPERS,
.ilfku 6, 1822.

ITHE TIMES.]
We must mention a report which has reached
uz, that the assignment of that enormous salary
to young Wynn, as Nuncio: to the Swiss Can-
tons, to be given up. The fate of the double
Postmastership -may .rave made 'Ministers wary.
A sense of shame, some have thought, may even
restrain the family for whom
,the appointment is
thus endowed, from plundering the nation in so
barefaced-a manner -yet, in truth, we are more
inclined to wish than to hope for such modera-
tion on their part : for when the bargain was
made, the value of the Swiss Einbassy must have
cone under discussion : the Grenvilles must have
been told how much was meant for them under
that head ; and it is, generally, the first pro-
posal Of a crime that shocks either young or even.
old offenders. A man, when he first heard of
between four and five thousand a year attached
to a Swiss EmbaSsy„must have stared with as
much astonishment as if he were assured that the
heavy drops of rain that are descending as we write
this, were each laden with a guinea. •an making
up his mind, therefore, to .accept such an em-
bassy, it is impossible that he must not have
taken into his calculation, as going- with it, pub-
lic reproach, the clamours of a distressed nation,
and the abhorrenCe of honourable minds. What
new lights, therefore, can have subsequently
broken in upon such a man to restrain his•rapa.
city ? lie had. the whole subject before him at
the krst glance. The same may be said of the
makers as well as the receiver of the proposition.
Itsi-atrocity- could not escape their observation..
Our inference therefore is, that if the bargain be
stayed, it will be stayed by. no. remorse of the
parties—by no attainment of a more accurate
knowledge of facts—by no consideration for the
public distress—but by the absolute prohibition
and' negative of Parliament only-.

[NEW TIMES.]
The notice which was given on Saturday, that
Lord Liverpool and Mr. Vansittart would receive
proposals to-morrow on the subject of the Pen-
sion Annuities, produced some agitation in the
money market. Consols for account, which had
opened at 791, fell in the course of the day to 781-.
The principal reason for this depression seemed to
be the idea that the loan would be taken principally
by the great commercial companies, who would di-
vide it into shares, and that those shares not being
of a very negociab!e character, would, bring but
little money into the market. This-circumstance,
even if should turn out to be correctly antici-
pated (which may perhaps -be doubted), forms

no objection-to the plan in a national pint of

view. It merely goes to show that the plan will
, not much affect public credit in its direct opera-
tio❑ ; but that its eventual result should not be
beneficial, we can hardly conceive. It must lead
to taking off some of-the most burthensome taxes,
at a period when such relief is more particularly
needed.

[MORNING CHRONICLE
Notice respecting the New Loan was given in
the'City on Saturday, that the Minister would
see those who usually
.contract for. Loans to-
morrow. This is the largest Loan ever proposed
in Europe, amounting to above an. Hundred
Millions, payable by instalments. The com-
petition and' bidding is to be on fixed Annuities,
payable for forty-five years; consequently those
*ho offer to take the smallest amount ,of An-
nuities will be the Contractors. The security
to the Country-for the performance will be, as in
all ordinary Loans, viz. on the first and second
payments, which will be forfeited in case of non-1
performance. Therefore an immediate payment
-we suppose will be required to be made as se-
eurity, and we are a little astonished at the
baste in which this measure is pressed, and
can only attribute it to the fear of the Minister
-with respect to the issue of the Russian and
Ttirkish measures,•which might obstruct the bar-.

gain ; and we have been induced to believe that
the/ were influenced: by the same feelings with
regard to the. Five per Cents. ; for if they had
not, and had well grounded hopes of peace, they,
have thrown away. a large. sum belonging_ to the
public, by their most extraordinary hasty pro-.
ceeflings.

EII9II ;ONG XI.CRAL-D;j
Although :Mr. Vaniitiart .says that his new"
scheme is to be,open for public competition, yet
many of the knowiag ones in ,the City think that it
wittbe so managed as to confine it to either the
Bank of England, or the South Sea Company,
'orthe various; Life and Fire -Insnrance Com-
panies. The prospect of. profit :being so distant
as 15 or 16 years, the Ball-. arid Bear money
lenders, it lathoughtovill set their faces against
the new article ;.for their plan, .in 'general, is
to' buy to-day and sell to-morrow—for any profit,
bOwever trifling, that they can accomplish. The.
various Stock,brokers, and those connected with
th,e„. Stock Ex;change, think it not a little strahge
that, after, the ceaseless. boastings of Ministers.in
Parliament of.. their 'having a real Sinking Fund
of`five millions, and of. the prosperous state of the
taxation—for instance,.that of late it -has been
increasing at the rate of 90,0001. a week, which,
is 'at the rate of . more. than 41:millions a year,
and' which, if it went on through the year;
"would leave 11jr. Vansittart a real Sinking
Fund of nearly 10- millions a year—that still
thaltight llonoUrable
,Gentleman should deem
It necessary to resort to the, expedient of
Dawning the Army and Navy, Ice. Pensions, in
order to raise a sum of money: Sonie of the
oldest money-lending foxes think that this is, but
a prelude to pawning all other pensions—or, in
other wants, to making, the 'whole of the Pen-
sion.. List more secure to the pensioners, by giving.
them the guarantee of
.other Contractors, be
sides the. Government; so that. if the nation
hereafter. should 'grumble, and call for it• tax
upon. the Pensien List, as has heretofore
been done,, or should ask to be relieved of
any part of the Pension List which Might bete-
ittei be deemed oloO4ons, then the Govern-