The Sun.
London, England, 1824-08-18 00:00:00

[MORNING HERALD.)

It appears that the long talked-of Brazilian
Loan has at length made its appearance. Whi-
ther there have been any real buyers and sellers,
we have not heard. Nothing is easier than for
broker A to call out to broker 13, l want Brazi-
lian! How much ? says 13. 10,0001. replies, A.
What will you give premium ? says B. What
wilt you take ? rejoins A. If, says 13. 1 will
give you Done, says A. A and B under-
stand each other ; the memorandum is given for
an early delivery of the Scrip ; the price is put
down in the Stock occurrences of the day,
which find their way into the Newspapers,
and, on further inquiry, John Bull finds that
he may have as intuit of the good thing
called Scrip as he pleases, only paying a good
premium for it. Messrs. Thomas Wilson and
Co. are, it is said, the Contractors, and
to the amount of a million, at the rate of
receiving 7.5/. in money for every hit of nicely.
printed paper, with the words " One frolicked
Pounds" on it, delivered to John Stupid, paying
51. Interest per annum. This is raising money at
the rate of about 7 per cent. It may, therefore,
be called a usurious loan ; and yet Mr. T. Wil-
son, In his place in the House of Commons, rails
against usury, and asserts, that if Mr. Sergeant
anslow's Bill to repeal the Usury Laws ever
pass, England Will be ruined, If John 131111 only
swallows the whole of.this loan, it will be a snug
fortune for Messrs. Wilson and Co. of probably
50,0001. In-commission alone=---say 5 per cent. on
a million's worth 'trf 'stock, as it is stilled. We
hope that the Emperor of Brazil has' lodged the
proper mortgage deeds of his revenues derived
from commerce, TAN", and li'heries, in the Bunk
of England, as 'the security-for the due payment
of the interest snit'
rpm pa
feel y IV(
of this usurious
Loan, contracted
) r. homas Wilson, the
staunch Supporter of the Wise laws of his Ances-
tors, to prevent the ruinout consequences of
usury. But PorhatwiVir 'Thomas. Wilson may
imagine that to ruin Lnglishmen, by:
them. to lend their money at a usurious 'rate, May
ba wrong, yet that tht.re may bey no linfri, to ruin

the Brazilians, by allowing them to borrow at
the rate of 7 per cent.

[BRITISH eitEss.]
The French navy has been for some time in
motion, without any ostensible purpose. A
squadron, consisting of two 80-gun ships, four
frigate of 80 guns, five of 44 guns, and several
smaller vessels, was off Cadiz on the 24th ult.,
from whence it sailed two days afterwards,
avowedly to rendezvous at Toulon, where it was
said the fleet would be inspected by the Minister
of Marine. A letter from Cadiz, which we have
inserted in another column, would lead us to
suspect that the French squadron has some other
object than that openly stated. We are told
that the ships were provisioned as if for a longer
voyage than to Toulon, and when they weigh-
ed anchor, it appears they departed westward.
The French Government professes to entertain
the same views and opinions with respect
to South America as have been declared
by our own Government ; but if all our expecta-
tions of the continuance of peace depended on
our reliance on the sincerity of the French Cabi-
net, we should be disposed to believe, that the
hopes of again reducing the late Spanish colonies
under the Bourbon yoke are 'not yet wholly
abandoned. The known and glaring falsehoods
copied from the Madrid Gazettc into the Etoile,
and reiterated through the minor ministerial
Journals in France, indicate the feeling of the
Court ; and, with regard to the solemn pro-
testations and candid statements of the French
Ministry, we have not forgotten their policy
towards Spain, nor their shameless perfidy
and disgusting hypocrisy in relation to the
suppression of the slave trade. Slave ships
are publicly fitted out in the French ports, while
M. du Villele insolently affirms, that the French
Government has been neither less active nor less
severe than the English Government in detecting
and punishing them." But the obvious interests of
France, political arid commercial, are so clearly
identified with those of England as to the
American question, that we could not doubt
that the same pacific course would be fol-
lowed, and the same preparatory measures adopt-
ed for the recognition of the independence of the
new States, if we thought that the feeling of the
Court might not prevail over the interests of the
nation. The political system of France is not poised
like ours. Public opinion has less power in the
direction of public atrairs ; and we know, from
the attack on Spain, how carefully the designs
of the French Ministry are disguised, and with
what apparent earnestness the King himself has
been made to express his indignation, that the very
purposes he or his Ministers had hi view should
be attributed to him. In that case, either there
was a settled design fraudulently pursued, or the
war originated in the momentary ascendancy of
an intriguing party. Be it as it only, we see how
precarious are the foundations of French faith,
and how important it becomes to watch the pro-
ceedings of a Power so liable to sudden impulse,
in violation of its most sacred declarations, and
so systematically false is the pursuit of its sinis-
ter policy. We shall not be surprised, therefore,
to hear that mischief has been meditating against
South America, though we trust that tine Bour-
bons will spare their fame the foul blot which
must full on it, should Pescadre des evolutions, as
this fleet at Cadiz is affectedly called, in imita-
tion almost, as it were, of the cordon sanitaire,
turn out to be a squadron intended for a descent
on South America.