The Sun.
London, England, 1825-09-03 00:00:00

[MORNING 11EltALD.I

It would appear from our Stock Exchange
account, that the panic for the present has in a
great degree subsided. The price of Consols
for the Account closed at 871 ; for money,
therefore, we suppose, had it not been a holy-
day the price would have been 87. This,
however, is a fall of llf per cent. from the
highest point they reached. The Debt, there-
fore, in about nine months, has deteriorated in
value about ninety millions. To account for
this deterioration is the subject of inquiry ; and
no one attempts to account for it upon any rea-
sonable principle. But, however, the rise in
about nine years of forty per cent., or three
hundred and twenty millions, was also never
reasonably accounted for. The Stock Exchange
people said that the rise was in consequence of
the depressed state of agriculture, trade, and
commerce, which causing unemployed capital to
be thrown into the fund market, raised the price
of funds. But three hundred and twenty millions
was rather a large amount for unemployed capi-
tal to be estimated at. But, however, admitting
the reasoning of the Stock Exchange people to
have been correct, it would appear, from the late
fall of ill- per cent., that ninety-two millions of
the unemployed capital has found its way hack
again, and has again got into the price of agri-
cultural and other produce.

The military movements towards the southern
French frontiers still continue to indicate the in.
tention of at least a reinforcement of the French
troops of occupation in Spain. It is certain, how-
ever, that there is another auxiliary by which
Charles X. could assist his Royal brother much
more effectually than by soldiers, aild that is
money. The want of this is clearly the cause of
all the insurrections and desertions that have
taken place. Why have the companions of Bessieres
deserted with him?—Simply because they were
unpaid. Why, in all probability, has Bessieres
himself raised the standard of insurrection ? It is
no doubt from some similar motive of disappoint-
ment. Why have the troops sent in pursuit of
him joined his standard ? Simply because their
pay was in arrear, and the arrear likely to be
never liquidated. There is no doubt that French
paid would be much more efficient in restoring
order than French bayonets. The return of the
French will, most likely, be the opening of a sys-
tem of warfare, as protracted, barbarous, and de-
structive as that which commenced in 1808, or
even more. Buonaparte had a part of the popula-
tion, and many of the Nobles with him. At pre-
sent the French would find enemies every where—
whether Liberals or Serviles.—(Mid.)

[THE TIMES.]
The hope which we expressed a few days
since, that the discretion of the Catholic Priest-
hood in Ireland would obviate the ill effects to
be otherwise apprehended from a lack of that
good quality in some of our Protestant brethren,
has, we are happy to say, been realized. Dr.
Doyle has written a long and peremptory injunc-
tion to the clergy of the diocese, forbidding them
to accept the challenge from a knot of champions
of the Established Church, which we have alrea-
dy noticed In terms of earnest deprecation.—
The purpose of the challenge was, our readers
may recollect, to debate again before a nume-
rous audience, that question which has recent-
ly produced such an increase of bad blood
in Ireland—whether the text of Scriptures,
without note or comment, ought to be circulated
amongst the Catholic poor of Ireland ? Our ob-
jections to the encouragement of such a contro-
versial battle were—lst, that it would retard the
spread of the reformed faith, by a renewal of
religious animosity ; 2d, that it would defeat one
great end of Christianity, by exciting fierce and
hostile Passions among Christians, instead of
cherishing
the spirit of peaceful charity, so so.
letntily recommended by the Gospel ; 3d, we
objected on the temporal ground, of its lead-
ing to political disturbance. The Catholic
Bishop does not of course assign any reason
similar to our first objection, as one by which
he cau pretend to be very cordially influenced.
Nor does lie touch upon the last, as the subject of
it is not embraced within the concerns'of his spiri-
ritual jurisdiction. But at the head of a list of
arguments on which he justifies the prohibition
addressed to his clergy, Dr. Doyle distinctly
places the important consideration of the peace-

rul character belonging to our common faith.
" The end of the Christian religion," says he,
" is to establish peace and good-will upon earth,
"as the means of fitting men far Heaven ;"
and afterwards " to the establishment and

" preservation of this -peace, the. disputation
" mentioned would in itself, and in its effects, be
" directly opposed." We agree entirely with
Dr. Doyle, in this view of the consequences to
be feared from a pitched battle in polemics on
Irish ground : and we trust, that the active spirit
,of our Protestant parish Ministers will first seek
employment in the care of their own flocks, where
they have any, before they attempt to supersede
their neighbours in the charge which Providence
has committed to them.