The Sun.
London, England, 1825-03-24 00:00:00

!only refer to the recorded opinions of the Duke
of Wellington, the Marquisses of Wellesley
and Hastings, Lords Lake and Minto, and though
last not least to the eloquence of Mr. Canning,
who, after moving the thanks of Parliament
to Sir T. Ilislop for his conduct in the battle of
Mahidpoor, went on to say—" and also to Sir
John Malcolm, who was second in command on
that occasion, but who is second to none in va-
lour and renown. The name of that gallant
officer will be remembered in India as long as
the British flag is hoisted in that country."

[BRITISH PRESS.]
There was, considering the state of the market,
a great advance yesterday in the price of Spanish
Bonds, in spite of all the efforts made to depress
them, by the reiteration of the most positive as-
sertions that no loan can be 'negociated with Fer-
dinand, because he will not recognize the bonds
issued by the Cortes. We have stated, and we
now repeat our statement, that the only reason
why a loan has not been contracted for was, that
the capitalists in London refused the terms on
which the King of Spain proposed to pay off
the•bonds. The question was one entirely of de-
gree. The principle of recognition was conceded.
Advices were yesterday received from Paris, an-
nouncing the arrival of Mr. Gregory at Madrid;
but as Ferdinand has opened fresh negociations
with another party in London, some time will
necessarily be lost before the arrangemeitts can
be satisfactorily concluded. We can assert, with-
out fear of contradiction, that the messenger
who arrived on Friday night. brought no dis-
patches whatever relative to the loan. It will
be observed by the quotations of the Paris Stock
Exchange, that the Spanish Bonds there also are
advancing. By a typographical omission yester-
day, we were made to state that it was calcu-
lated that " Mr. Gregory would have arrived at
Madrid yesterday." It should of course have
been " yesterday week," as we observed further
on that the result of his mission would probably
be known on-Friday (to-morrow.)

[MORNING HERALD.]
It would seem, from what passed the other
day at the Mansion House, that some of the
members of the Stock Exchange are in the habit
of becoming bulls and bears in more senses than
one. Yet this place, we believe, is frequented
by the .select part of the fraternity ; there being
another and a lower grade, who are not allowed
the entree of this bear-garden. We are not sorry
that the matter has at length acquired publicity ;
and we hope, that if a public and ample apology
is not made to the person who appears to have
received such brutal treatment, that the offenders
w ill be brought befOre a competent tribunal, and,
if not put in the stocks, at least made to pay a
handsome dividend for their audacity.Theinstance
alluded to is by no means a solitary one. It is
tl►e custom and usage of the place to treat every
stranger who enters the doors with ignominy and
violence. It cannot for a moment be contended
that even where a person is an intruder, and has
no right to be, he can be legally kicked and buf-
fetted by the owner. The law recognizes only a
right to use reasonable force upon such occa-
sions. But we very much doubt the right of
these gentlemen to exclude any person from
this place during the hours of business. The
Stock Exchange, we conceive, is as much
a public office as Guildhall, the Customhouse,
the Excise-office, or any other place of that de-
scription. It may be very convenient for those
to love darkness 'some of whose deeds are evil.
When a man gets or gives one price for his Stock,
and sees another quoted as the market-price,
there may perhaps be a reason why he should
not be allowed to be present at the bargains.—
Let it not be said that we are making loose and
groundless insinuations against these people.—
We know that there are among them men as ho-
nourable as a►►y in the community; but it is clear
that they are not all so ; for when a man ceases
to act like a gentleman, he must have ceased to
be governed by the principles which form that
character, and is capable of any thing.

[TUE TIMES.]
1 During the interval before the agitation of the
I Catholic question, it is necessary to press in every
way the consideration of a subject hardly less
important to the welfare of the empire. That
subject is the proposed Corn Bill. We are sure
that we shall be found the best friends of the
farmers in urging a total change of the present
system, the ruinous effects of which are not
only felt at present, but will be yet more
sensibly felt hereafter, by the injury inflict-
ed on our manufactures of every kind. Corn,
and the other products of nature, are now mount-
ed up to that height, that the labouring ma-
nufacturers, the journeymen, cannot live upon
their wages. The combination laws have been
abolished : hence associations exist, and masters
are obliged to submit to an increase of wages.
The ruin to themselves—to their journeymen—
(for
these must not think that they gain by their
associations, or we shall soon show thern)—and
to the country, is past calculation. We will
take one case as an instance among many, and
an elucidation of all. The paper-makers have
demanded an increase, of wages, and have
obtained their demand of about 3s. per week :
so far all seems well and prosperous with
them. But from this increase in the expence of
producing paper here (foreign States, and more
particularly France, where linen rags are a mere
drug, being able to make it much cheaper), our
exportation trade fails—the great masters have
no vent for their articles,—many of the journey.
men, with their fine increase of wages, must be
dismissed, and, along with their families, return
to their parishes, and fall upon the rates: so that
the mischief, after taking a wide range of
devastation, returns to its authors the land-
holders, and settles in part upon their heads. This,
we say, is an example of the perilous position
of all our manufactures at the present moment-
, ous crisis, when it is of such importance to press
them forward, and by their united cheapness
and excellence gain possession of the field,
from whence they would not easily.be driven
hereafter. That the Britsh farmer may doubt
whether his interest lies in the moderate price

of grain does not surprise us but the
permanent possessor of the land ought
surely to be able to perceive the insecurity
of a dearness which rests upon artificial means.
Were every possible extension now given to our
manufactures, the ports might be open or shut
hereafter, there would be that demand for the
productions of the earth from an increased and
active population, that must leave the farmer
in the undisturbed enjoyment of remunerating
prices ; and if grain were dear, it would be
some satisfaction to know that it was the calls
of nature that made it so, and that it was not
the arts of short-sighted cupidity which singled
us out for the inflictions of scarcity : if it were
dear here,. it would be dear elsewhere, and we
should still retain our relative position in comfort
and opulence. But the truth is, that if the markets
of the world were open, there would be no partial ,
and local scarcity : the call for grain would be
nearly fixed and in variable. The whole earth always
produces enough for its inhabitants, though cer-
tain regions may be even annually visited by un-
favourable seasons ; and to what purpose are the
improvements in navigation, if not for the best—
that of alleviating the inflictions and diffusing the
blessings of Providence over the whole world ?

LTHE PUBLIC LEDGER.]
It is admitted on all sides that the country
never exhibited more unequivocal signs of pros.
perity than it does at the present moment ; and it
is further acknowledged that the public tranquil-
lity never presented a more settled character. To
these cheering phenomena must be added the loy-
alty that pervades all ranks of the people, not
to omit the working classes, so turbulent a short
time since, and now as orderly in their deport-
ment as their condition is happy. The remarks
we have just made, are familiar to every one, but
the cause, 4.sv.hick has produced the state of things
to which they apply, is not equally obvious.—
But, as it is of the utmost importance that the
principle should be clearly understood, in order
that the public mind should receive no false im-
pressions as to the origin of the improved and
improving situation of the country, we have de-
voted this article to the subject, though to
many it will convey no new information. The
first symptoms of a favourable change in the
circumstances of the Empire took their rise with
the spirit of liberality, by which the public ad-
ministration has been so distinguished of late.
The more this spirit expanded itself, he more its
influence became apparent; and signs of return-
ing health followed in rapid succession; and, now
that its triumph is complete, or nearly so, its
salutary influence exceeds all that the most san-
guine mind had ventured to anticipate. Five
years since, every species of property was depress-
ed to an alarming extent ; and to crown the
evil, one half of the labouring population was un-
employed, and literally starving. At the pre-
sent every interest is thriving; and the demand for
labour in the manufacturing districts throughout
Great Britain exceed, the means of supply; and
our population, which some quacks had written
bulky pamphlets to shew that it was superabun-
dant, is scarcely equal to the new exigencies. Even
the mighty power of the steam engine is scarcely
equal to the growing demand for labour ; and, in
point of force, wonderful as it is, it is inferior
to the spirit of liberty, which has of late
been infused into the managment of the na-

tional concerns. It is not the eloquence,
it is not the talents for business, it is
not the comprehensive and versatile mind
of Mr. Canning, almost pre-eminent as he
is in all these particulars, and to which
he joins the closest application, which have
given to his Administration its successful and
lofty character. NVith these qualities alone he
could only have propped up the falling State,
and at most kept out of sight the marks of
deep injury which the body politic had received

_ .
before his time. But he came into office with
the feelings of a Patriot, with which he combined
a profound knowledge of the causes which had
raised this country to the first rank amongst na-
tions. His classical mind, too, had imbibed the
spirit, as well as the lore, of ancient Greece and
Itome; and his soul was warmed by the flame
of their liberty, as much as his literary taste
was purified by the bright models they have
left behind in their writings. His Adminis-
tration is assimilating itself every day more
and more to the prototypes which his early
studies had impressed on his mind ; and the
impre;sion became deeper, like the incision
in a young tree, as his fine genius expanded.
At first he could procead only slowly and cau-
tiously, on account of the stubborn prejudices
he had to contend with; but, as his influence
in the Cabinet increased, his ►iews assumed
a bolder character. As he is now the most popu-
lar Minister, and consequently the most powerful,
that perhaps ever governed the country, he has
infused too his whole spirit into the public Ad-
ministration, which is thus become the most li-
beral of any at this tim• upon earth. This is the
cause too of the present unexampled prosperity ;
and which i 3 certai❑ to increase, because the im-
pulse is sure to continue; Mr. Canning has not
only cured the nation of its ills, but lie has pre-
sented to it the philosopher's stone ; and, us he
has convinced the Legislature, as well as the
other thinking portion of the public, of its
efficacy, there is no doubt but it will be •
guarded with religious care. He has strewn them

that his grand arcanum con4ists solely in a
strict conformity between the practice and
the spirit of our Government ; and, as it
has already operated in so short time such won-
ders, any attempt to decry its virtues would
be utterly useless. It may be now confidently
said, that the direction he has given to the ma-
nagement of the national concerns is fixed ; and
it may be affirmed with equal confidence, that
the happiness which now beams on the country,
affords only a faint idea of that which is still in
reserve.

[IdORNINQ clinoNicm]

The English Funds remained yesterday ileac)",
Consols for the Account closed at 931. The„
South American Stocks were very languid•
lumbian Bonds at 89i, go; Mexican at 7gi, 8°;
The 111°sing
and the New Scrip at to 1 pr.