The Sun.
London, England, 1824-03-31 00:00:00

THE LONDON JOURNALS.

DAILY

Extracts from the Morning Pvers, March 31.

[THE • TIMES.]
Letters of the 21st inst. were received yester-
day from Madrid. They are chiefly occupied
with the proceedings of the different agents of
merchants in London and Paris, who have visited
that capital for the purpose of making proposals
to the Spanish Government on the subject of a
new loan. It has been generally supposed that
al/ the competitors for this contract were agreed
on one point—namely, that the acknowledgment
of the Constitutional loans, in some shape or
other, was to be an indispensable condition. It
appears, however, that individuals have been
found representing, or professing to represent,
houses of the first rank in London, unprincipled
and impolitic enough to wave this condition, and
to make a contract with the Spanish Government,
one clause of which is a direct breach of faith, in
the absolute rejection of the Constitutional secu-
rities. The individual who has entered into this
ceutract is an unsuccessful adventurer in the
French funds, whose extensive speculation, and
losses far beyond his power of payment, were
much talked of in Paris about two years ago, and
who is not likely to have so far retrieved that,
desperate situation of his affairs as to have arrived
at the means of taking any part, beyond that of
agent, in any transaction of such magnitude as a
contract for a loan. He may, therefore,
Send himself to a project in which he had no-;
thing to lose, and every thing to gain. But
when the new stock is brought into the markets
of London or Paris, the subscribers will of course
demand a more effectual guarantee before they
employ their money in such a loan, and the names
of the real contractors, who have sanctioned this
breach of faith through their agent, will then tie
revealed. It will then, it is said, be seen, what
houses have had the courage to brave public opi-
nion by avowing themselves the supporters of
such a measure. The project must fail, notwith-
v•anding the prevalent mania for loan-contracts
of whatever kind. The state of Spanish finance
is too desperate to be retrieved by any but ca-
pitalists of the first class of respectability. If
the parties who have made this contract stood
high in respectability before this imprudent step,
they must forfeit that character by making it on
such conditions. The sum engaged to be raised
under this nefarious contract for the Spanish Go-
vernment is stated at about 2,500,0001. sterling.

[BRITISU PRESS.]
On the Slave Trade Piracy Bill coining before
the Upper House last night, the Lords dispensed
kith the wonted formalities of going into a Com-
mittee on the Bill, so as to save time, and let it
pass at once ; the object being, that it may reach
the United States before the Congress is up, that
the Treaty between both countries may be rati-
fied immediately, otherwise the Bill should stand
over until November next, when the Congress
meets again. The Marquis of Lausdown shortly
expressed I}is warm approval of the measure, and
hoped that some stipulations in the Treaty would
be inserted, by which the two nations would bind
themselves to extend its provisions so as to make
other Powers adopt the principles of this Treaty,
and that they, in return, should bind themselves
to extend the great principle also, and make it
imperative on those Powers within their influence
to adopt its humane provisions. This Bill at
length puts the 'abominable traffic, so long an
outrage on humanity, on its proper footing ; it
makes the man-stealer a pirate and felon.—
The two great maritime powers of the civilized
world, by uniting their voice and leaguing their
strength in this sacred compact, will give a great
example to the nations of the earth ; find it is
impossible that France, or Spain, or Portugal,
can longer persist in the infernal traffic, with
so memorable a lesson before them. This Bill,
like the Abolition Act of the great Fox, is every
way worthy of the present liberal Administration
of this country, and most honourable to Mr. Can-
ning in particular ; it strikes at the root of the evil,
it annihilates this detestable barter at once : no
power can licence it for the future ; shame and fear
boils will prevent the continuance. We have had
occasion, from time to time, to give the humble
meed of our unqualified approbation to many of
the measures of the present Ministry—measures
most creditable to themselves, and equally bene-
ficial to the coantry at large. But this Bill is a.
great concession to humanity in general ; it is the
redemption of Africa ; it proscribes the accursed
slave trade in the only way that can annihilate it
all together ; and we may now really hope to see
a close to this abominable traffic throughout the
civilized world.

[MORNING POST.]
In the House of Lords last night the Slave
Trade Piracy Bill was read a third time aml
passed, its being committed having been dispensed
with in order to expedite , its completion that it
might reach the other side of the Atlantic before
the American Congress had separated. On the
salutary nature of tlds important, measure there
was but one opinion, and the Marquis of Lans-
do-wn justly said, " that if it was gratify-
ing to see, England and America at last em-
barked in the same cause, it was nu additional
satisfaction to see them embarked on a principle
so intimately connected with their common ori-
gin and their common religion, and for the
maintenance and extension of which their re-
specti*e• means were so peculiarly well adapted."
In the Commons Lord Archibald, Hamilton
moved that the Reports of the Commiss;oners
of Incidiry on the Scottish Courts should he re-
ferred to a Committee of the whole House, on
the•ground that the recommendations of those
Commissioners had not been duly complied with.
The reply of the Lord Advocate was most
able and satisfactory. He showed that Most
.of the. recotnmendations had been iatistied by
new ActK. of Parliament, -or by enforcing
the provisions of 6.1 d ones which applied
to the different subjects. He alio announced
that he intended to submit to a Committee
a proposition, which Mr. Abercromby