The Sun.
London, England, 1836-05-09 00:00:00

sons having their goods under sentence of confiscation ;
and all persons supported by the mere bounty of the

Crown.

The qualifications for a deputy are sufficiently mo-
derate. The person so elected must be 25 years of
age, a Spaniard, a householder, and either possessed of
property to the amount of 6,000 reals a-year, or prove
that he pays 500 reals a-year in direct taxes. Per-
sons in holy orders are not eligible to be elected depu-
ties. The only exceptions to the rule requiring a pro-
perty qualification, are in favour of officers, of, and
above the rank of Captain in the army, navy, and mi-
litia, who are eligible by right of their rank, even when
living on half-pay. We regret that all collegiate pro-
fessors, not in holy orders, were not also included.
The office of deputy is declared voluntary and gratui-
tous, and may be renounced at any time. Peers, In-
tendants, Civil Governors, and Captain-Generals of
Provinces, are declared ineligible to serve as deputies.
All deputies receiving places or pensions under the
Crown are to resign their seats, but may be again re-
elected ; the mode of election is by ballot ; the time
for polling four clear days ; and the election itself is
for three years.
The above is a summary of the New Electoral Law,
which will not, however, extend to the Basques before
the restoration of tranquillity in those provinces. Until
the rebellion is crushed in the North of Spain, the
right of election is to be vested in the principal cities,
to be exercised not by the most wealthy, but the most
intelligent portion of the inhabitants, and more espe-
cially those most cognizant of abuses throughout the
Vicinal districts. To this arrangement no objection
whatever can be offered even by the loyal portion of the
inhabitants of the Basques.
We approve of the principle of this law. While
it retains the most valuable portion of the English elec-
toral system, it makes provisions for supplying some of
the most glaring defects of that system, left untouched
by the Reform Bill. The first of these is the facility
that is offered for defining the right of any district to
an increase in the number of Representatives in Cortes ;
the second consists in the honour that is conferred
upon men of learning, artists, and persons engaged in
the most humanizing pursuits. The objectionable
part of the measure is that which narrows the consti-
tuency to 160 for a population of 50,000 persons.
The moral condition of Spain must be indeed the
most abject, if one in every fifty of the inhabitants
cannot be safely trusted with the exercise of the elec-
toral franchise. The scheme proposed by the Presi-
dent of the Council would throw the elections com-
pletely into the hands of the Government ; as a majo-
rity of the electors could be secured among the mili-
tary and other servants of the Crown in each province.
This is not the way to give liberty to a people. The
Spanish nation wants an electoral law which will ena-
ble it to bridle the excesses of the Government ; not
a mere veil to hide the abuses of the Administration
from popular reprehension. Instead of 160 electors
for each deputy, let MENDIZABAL substitute 1,000
. —thus giving the right of representation to the people,
instead of confining it to the servants of the Crown—
and we shall be fully satisfied.

We have this moment (three o'clock, P.m.) re-
ceived a communication from Paris, announcing the
capture of the Carlist fortress of Hernani on the sth
instant. Four hundred British Marines co-operated
with the Christinos in this brilliant affair. The
number of killed and wounded on the side of the
Carlists is estimated at between three and four hundred.

The finances of the Portuguese Government—re-
duced by the quackery of M. CAMPOS to the most
wretched condition—are already beginning to feel the
fostering, and public-faith-inspiring influence of M.
SILVA CARVALHO'S return to that department in the
Lisbon Cabinet. There is no longer any want of
money, because there is no longer a want of
confidence in the Finance Minister. The Bank of
Lisbon has thrown open its coffers, and private
individuals have come in throngs to the office of the
Minister, requesting him to make use of their money
in any way which he may consider most conducive to
the maintenance of the public service. Already he has
given directions for burning 2081 contos of the public
debt, besides discharging . the salaries of all public
functionaries, many of whom had been without any
income for upwards of a year. The prevailing opinion
is, that the new Cabinet will enter into a commercial
treaty with Lord HOWARD DE WALDEN on terms
sufficiently advantageous to England.
The QUEEN has summoned an extraordinary Ses-
sion of the Cortes to meet on the 29th inst. to examine
the Budget, and fix the law on mortgages. The
PRINCE is very popular, and both himself and the
QUEEN frequently appear in public. The PRINCE
will certainly be raised to the Commandership-in-chief
of the army.

We have received the whole of the Paris Papers o:
Friday and Saturday. The following extracts in.
dude all that they contain of the slightest importance :

PARIS, MAY letter from Mahon of 27th April says—
The eagerness of the inhabitants to emigrate to Algiers has
abated of late, in consequence, it is said, of foreign influence.
Jealous of the prosperity of our conquest, English agents are
active in engaging persons to emigrate to the (West) Indies,
paying a large bounty to each emig,tant, and what is a great
temptation, they treat with whole families, and often induce
them to sign markets which seem very advantageous. How-
ever the clergy do not like these proceedings, which reduce
their tithes, and declare from their pulpit against emigration.
Marshal Clausel and th Minister of War being both kept
at home by .ere colds, have been unable to continue their
conferences with the Committee of th 4 Budget. However
as time is precious, the Committee has thought it proper to
inform them that the report which they have heard read cannot
be delayed, It is thought that the Minister of War will send
some body to represent him in the Committee, and that he
has collected all the documents relative to the facts which he
desires to correct in the report of the Committee. As for
Marshal Clausel, we are assured that he is preparing for the
Chamber; there he will attack the system of the Committee,
which, in fact, is only the abandonment of our conquest, if as
we are assured, it reduces the effective force of the army to
14,000 men, distributed as follows under the protection of
the forts which the Committee proposes to establish. Orsen,
according to the plan of the Committee, would be the prin-
cipal point of occupation; with a garrison of 4,000 men,
3,000 would be shut up in Bona, and 7,000 would be for the
territory of Algiers. The Marshal will not suppress any of
the truth connected with the question of Algiers.— Iliessayer,
May 7.

FRENCH FUNDS.-Psats, MAT 6.
Five per Cents., 107 f. 95c. 108 f.
Four per Cents., 101 f. 40e.
Three per Cents. 81f. 95c. 82f.
Mink Actions, 2,245 f. 2,250 f. 2,255 E
Rente de Naples, 102 f. 80c. 70c. 90c.160c.
Roman Five per Cents., 102
Spanish'Actives, 46 453 i %.
SpanisliDifferes, 22
Spanish Passives, 14 %S 4.
Belgian Loan, Five per Cents., 102%1A.
Portuguese Loan, Five per Cents.,;B2!.4 34.
Portuguese Loan, Three per Cents, 54% 5.5 55% %.
Haytian Loan, 395 f. 397 f. 50c. 400 f.
EXCHANGE ON LONDON.
One month, paper, 25f. 4il c. money, 251 4231 c.
Three months, paper, -f. -c. ; money, 25f. 27c.
-fours Authentique.
FRENCH FUNDS.-PARIS, MAT 7.
Five per Cents., 108 f. 107 f. 95c. 10/1.
c.
"1311:aho ekr epAe percr t Coenennst ts
:218:251f 621. 42:2' .
2,1205 c.
71.
50c
Rente de Naples, 102 t. 85c. 90c.
Roman Fire per Cents., 102 N q.
Spanish Actives, 463 q
Spanish Differes, 23.
Spanish Passives. 10/2%.
Belgian Loan, Five per Cents, 102%.
Portuguese Loan, Five per Cents., 82%%.
Portuguese Three per Cents. 56 36 4.
Haytian Loan, 400 E 9971. 50c. 3981. 75c. 409 f. 3SBf. 75c,
EXCHANOg ON LONDON.
Onemonth, paper, 25c. 42%c.; money, 251. 4231 c.
Three months, paper, -f.-c.; money, 251. :17Ne.
-Co,. rs Authenfivie.

BOURSE, QUARTER TO FOUR.—Contrary to expectation, the
Rentes have risen to-day. The Three per Cents. opened at
82f. 15c. buyers, and arc now 82f. 20c. to 25c. It is reported
that there are some favourable accounts from Spain, in conse-
quence of which a rise has occurred in the Spanish securities.
Active Stock is done 46-.
- -

LAST Putevs.—Five per Cents., 108 f. 20c. ; Three
Per Cents., 82f. 20c. ; Five per Cents. Spanish, —; Threc
:4;
per Cents. Spanish, —;
NwCeoit eLn s
0,
a— ;_;
u cb
hards, —; Difleres, 16 Pas-
sives, 148 ; Ducats, 103 ; Romans, 102-1- —; Pedros, 828 ;