The Sun.
London, England, 1825-04-14 00:00:00

l lii: LONDON- JOURNALS.

. •
airwtfrom-theMornini Papers, April 14,1825

• VoititiNG
,cl3fteNicnic.l
;IQ:4e • a r44,1e -from - the commenting 0;)
the Addressfeerwthe-trierohants of Paris" to the
it is.said,'‘
Message of M. Santander
iirsika of the auksal:of some- Frenchmen, whale
:eltject seems to -he -to visit Colombia, and exne
smite the state of affairs, which indiates that our
Government has its eyes open to all that part of
t4iogitinetit." We' trust that"the South Arne-
_Staik;.Gtterntneuts have also: their eyes open: to
,sisase.-Frenclumen. who choose to•yisit them. The
iss4tiy4l4:ils sent: by the French .Government to
South America, are first- named to }fling Ferdi-
sand, and permission is asked from him-for their
residence in dominions in -.South-America. This
permission • is-granted in Madrid with all the old
formalities, among which is a reference to the
Council of the -Indies, -.whose sanction-is also re
craisite.

The last French Commissioner as ages

to' Colombia had his permission register.ld in the
areives of the Conacil.4f the Indies at Madrid.
!this we can state positively, on the autho-
rity of an English Gentleman of high respec.
tal)ility, who was•in-igadrid six months ago,

who speaks from his -own knowledge.—Unr
ile-r,these circumstances, the French agents can be
looked on•in no othe'r light than double spies of

Ferdinand and their own Government. The
Covernments. of South America may have'nothing
to dread from spies, but it is well that the people
Of these countries shoal& be taught to view every

Frenchman with suspicion (luring the continu-
ance of the present connection between France
and Spain. It is the more necessary to advert to
ibis, because the individuals_sent by the South
American Governments to Europe are seldoei
proof against the cajolery of the French. At
least this is the opinion of those persons in this
country who are best acquainted with South
American affairs.

[BRITISH Pu'Ess.l
.. We' understand that the terms of {he new
Spank!. loan are settled. As tve stated on Mon.
Clay, the bonds are to be recognized at 30, but
without., interest. The only question that now
remains to be decided, is as to the amount of the
loan, the Spanish Government being naturally
desirous of obtaining a larger sum than the Eng-
lish capitalists are disposed to bind themselves to
give. -There have been other impediments, not.
proceeding from the Spanish Government or the
English capitalists, but these art so far considered
to be obviated, that the single question at this
moment is as to the amount. of the loan. The
Contractors, we think, should %veil we►gh what
they are doing in this transaction. They of course
presume that they know the money market better
than we do; but we would advise them not to rely
too confidently on the information and influence
they may suppose they possess. The admission
of the bonds at 30
_is, according to our opinion,
much less than the - holders .were entitled toex-
pect ; and, unless we are widely mistaken, they
will not be disposed to approve or sanction the
sacrifice which the contractors have thought fit
to make of their rights. There can be no doubt
that Ferdinand's repugnance to acknowledge the
bonds at any rate, was such as his necessities only
could have overcome; but when his wants had
seduced him to admit that his creditors ought to
have justice at all, it would have required but
little difficulty to have compelled lusts to have
rendered thee► justice in full. The contractors,
however, have chosen their course, and they ❑►ust
abide the consequences.