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

FOREIGN INTELLIGENCE.

PARIS, Nov. B.—There probably has not been
experienced since ISIS a day of more anxiety,
bustle, and alarm on the Paris Stock Exchange
than that of yesterday. The funds, which had
undergone considerable fluctuations during the
three first days of the week, fell in the course of
an hour and a half Yesterday from 92fi 75c. to
89f. 75c., or nearly three and a half per cent.
On 'Monday they left off at 931. '2oc.; on Tues-
day at 92f. 65c. on Wednesday at 92f. 75c.; and
yesterday at 891. 75. The panic among the
great holders of stock was general. The Spanish
funds fell more than five per cent. and other
foreign securities in proportion. Twenty-seven
couriers were dispatched, in the evening, from
Paris bankers to the different parts of Europe,
seven of whom were destined for London.
The cause of these fluctuations, and of this
sudden depression, was at first uncertain rumours ;
and, at last,agenerafapprehension of an approach-
ing war against Spanish independence. The re-
port in most general circulation, and which i
ob-
tained the greatest credit, was, that the Represen-
tatives of the Holy Alliance, assembled at Verona,

had addressed a note to the Spanish Government
and Cortes, expressing their dissatisfaction at the
late political changes and present internal con-
dition of the Spanish Monarchy .; calling upon
them to introduce such modifications in their
Constitution as would ensure .to the .King his
legitimate rights—place the sovereign power in
the Peninsula in just harmony with that of the
other States of Europe—and threatening them,
in case of a refusal, with the . same kind of con-
-elusive argument employed against the Neapoli-
tans in the spring of 1821. Scarcely any doubt
was entertained that such a note had been agreed
upon ; and as the Spaniards were supposed to be
too proud to submit to dictation, either from
foreign diplomatists or foreign bayonets, a war
was apprehended as the necessary consequence.
Rumour was doubtful in her information with
respect to England. It was universally believed
that the English Ambassador had not signed such
a wicked and absurd document; but it was un-
certain whether he had remained neutral between
the Holy Alliance and Spanish independence, or
had protested against the proceeding adopted.
War, at any-rate was considered as certain:
The Army of Occupation is commanded" by
hot-headed Royalists and ancient emigrants. The
Spanish rebels are received with favour on the.
French frontier,—:the Army of Observation gives
countenance to the insurgents,—and the Regency
of Urgel has opened a loan with a Paris banker
devoted to the Court. M. de Montmorency is a
partisan of the war faction, which, strange as it
May appear, would plunge Europe in blood and
confusion, as much from religious as political
motives. Though M. de Villele was still consi-
dered as decided on the preservation of the
peace, he was known, to stand alone in his own
cabinet, as the King was supposed to do in his,
own family.,
Five o'clock, p. in.—The public mind has re-
covered no confidence in the continuation of
peace, and to-day the funds have experienced a
further depression. - The five per cents. left off
to-day at 891. 55c., being a fall of 10 cents. from
the quotation of yesterday. The bankers and
great capitalists look in
.vain this morning for an
article rassurant in the Moniteur, or Journal des•
Debats. Several of them, therefore, waited on
M. de Villele, both as Minister of Finance and
as acting Foreign Minister, to have' that article
rassurant from his mouth which they could not
find in the Journals. The oracle was dumb, or
spoke in strains as ambiguous as other oracles ;
and though the consulting parties returned to the
Bourse with a full cry" Tout est mensonge, men-
songe," nobody believed them. The anticipa-
tions of war still continued, and the bears pre-
vailed. Time Sovereigns of Europe should learn
from the effect produced by the vague rumour of
war, what must be the consequence to general
confidence and credit of its actual declaration.—
The funds of France have been deteriorated no
less than 120 millions of francs in 24 hours, by
the simple apprehensioli that a peremptory paper
had been sent • to Spain. from Verona : what de-
pression will they not experience by the report
of the first cannon fired on the other side of the
P yrentwes !
PARIS, SATURDAY, Nov. 9.—The journals of
this morning have appeared without any official
declaration to tranquillize the public mind, or
dispel those warlike rumours which operated for
the last two days so powerfully en public credit.
The Moniteur is altogether silent, and the Jour-
nal des Di•bats, by its measured language, con-
firms the general suspicion. It now broadly ad-
mits the probability of an invasion of Spain, and
only changes, in consistency with its own views,
the cause for the pretext for the first hostile
movement. It says, that if the Holy Alliance
interferes, it will not be to compel changes in
the Constitution, but to protect the Infants (I)on
Carlos and 1)on Francisco de Paulo) from trial,
and the person of the King from violation. Who
does not see that this is a mere pretext, and that
the real object of the undertaking, and the cer-
tain result of success in the case of a hostile
aggression, must be the destruction'of the present
constitutional system ? The pretext put forward
in the instance of Naples, was the danger with
which the Monarch and the " monarchical prin-
ciple" was threatened by the ascendancy of a
democratical faction. The declaration of Pil-
nitz, in 1791, speaks of nothing but the danger
to the King's person, which is said in that docu-
ment to be " an object of interest to all sove-
reigns ;" but in both cases the aggression was
intended to effect the change of popular institu-

tions.
Don Carlos is known to be a sworn foe to the
Constitution, and is therefore obnoxious to the
ruling party in the Cortes. The crime alleged
against him is, that on the day of the prorogation
of the Cortes, he encouraged the Guards to de-
clare against the Constitution, and from a window
directed the fatal attack on Landabaru. The
report at Verona is, that he will certainly be
tried along with the ex-Ministers, and the mise
en accusation of the Prince by the Constitutionalists
will be the mise en campagne of the invading
army. The King of France is said, in this case,