The Sun.
London, England, 1824-08-24 00:00:00

into execution, to put forth, that, it, intends to do
something of a protective nature. We should
remember its calling the army destined to in-
vade Spain, " Sanitary Cordon ;" then " the
Corps of Observation ;" then 64 the (joys that was
to rescue Ferdinand, and then it was to return
to France. This letter of the Count Donzelot,
as well as the notes not long since of Count Po-
lignac to Mr. Canning, on the South American
question, together with the squadron nick-named
the " Evolution Squadron" in the Mediterranean,
almost convince us that the French, notwithsand-.
ing all that they have asserted to the con-
trary, are bent on seeing if they cannot get hold
of a large slice of South America. It is by no
means improbable but that Louis may try to
purchase some large tracts from Ferdinand.—
Now, suppose he did, would England attempt
to prevent. Louis taking possession of such
purchased territories ? But then Louis might
say, if I purchase, I open the door to England
to do the same thing—and so he would. Now, in
this state of things, Ferdinand being much in
want of money,could not our Government make a
bargain with him to give him so much for certain
districts ; we could then send a few men and
ships to. take possession nominally, and stipulate
with the South Americans for certain commer-
cial advantages, for making over to them, in our
turn, their independence; Question—According
to the Law of Nation', could one State sell part
of its dominions to another State ? But would
the pride which possesses the old Spaniards allow
of England purchasing any part of Ferdinand's
India ?

Dim TIMES]
There was little beyond the ordinary business
transacted yesterday in the British Funds, but
the prices at the close of the business were rather
lower : Consols, which opened at 931, closed at
9i, and for the October Account 94. Reports
of an unfavourable tendency towards the various
descriptions of South American Securities con-
tinue to be circulated in VllllOll3 forms. Yester-
day it was asserted that General Bravo had de-
clared himself in favour of Iturbide, and that
two other Generals bad taken a nearly similar•
step. Little dependence is to be placed on these
rumours, the accounts received yesterday from
various parts of South America being generally
of an unimportant description. Nevertheless the
Loan of Colombia fell yesterday from 5-1 to 7f
discount; and Mexican Bonds more than one per
cent. ; Brazil Brazilian Scrip 1 per cent. discount ; and
Spanish Bonds were about one half per cent.
lower. In the other Stocks little alteration took
place.

[MORNING CHRONICLE.]
The unfortunate turn which the expedition of
Bolivar has taken, is deeply to he regretted by
all who wish well to the prosperity and hide-
pendence of South America. Whatever tends to
diminish his influence in Colombia, in which, as
in all new States, so much must depend on the
character of those who are at the helm of affairs,
is an evil of no ordinary magnitude; and we fear
that the failure of his designs on Peru could
hardly fail, to be attended with loss of influence
in his own country. The irnmediate effects of
the superiority of the Royalists' on the coast of
the Pacific have not been injurious to our coun-
trymen, as far- us commerce is • concerned. We
had yesterday the opportunity of perusing a
letter from Val pa ruiio, written by an English-
man of considerable mercantile experience on
the shores of the Pacific, who states that the
opening' for the sale of goods by the entry of the
Royalists into Lima, together with the security
and good regulations established by them in fa-
vour of foreign trade, had taken away all the
superabundant cargoes from Chili, and it was
expected this new market would prove advanta-
geous to speculators, who otherwise would have
been a long time unable to turn their adventures
to account. The sane letter adds, that the in-
habitants of Peru were so completely tired of
the anarchy and confusion which have so long
prevailed, to the great detriment of agriculture
and commerce, that they wore determined to
support the local chiefs, and resist the. inter-
ference of any power not originating with them.
selves. •

We mentioned the other day that we had seen
letters from HogOta and Caracas, bitterly com-
plaining of the Government draining the country
of both men and money in order to prosecute a
distant and dubious war in Peru. By the last ar-
rival of Caracas Papers, reaching to June 30, we
now find that this has become a subject of discus-
sion In the public papers, on grounds infinitely
stronger than those alluded to in the letters to
which we had referred, as will be seen by the
following extract :

" A letter from Laguira to the Editors of The American,
says, General Escalona has been appointed Intendant of this
province in lieu of the Marquis Del roro. Twenty thousand
men will march from this place and Caraccas in a few days for
Puerto Cavellt_i_, where they will be embarked for Chagres, to
hjoin General Bolivar, in Peru.—(A good deal of opposition,
owever, was felt by some of the inhabitants, at the course
adopted by the Government in sending an army Into Peru to
assist the Patriots; and even the Editor of the Colombian°
questions the rigid of ordering their soldiers out on a foreign
campaign.r "
By the Jamaica packet a letter line been re-
ceived from Carthagena on the same subject,
in-
'veighing bitterly against the folly of leaving the
Atlantic coasts defenceless, for the purpose of
sending men across the Isthmus of Panama, ex-
posed to the greatest hardships, and liable to be
cut off by the worst of all climates. The same
letter adds, that the greatest indignation prevnii-
ed among the reflecting part of the community,
both in Bogota and every other part of the coun-
try, al the improvident plans pursued by the Go-
vernment hi expending funds obtained from the
British public for the avowed purpose of paying
the few remaining creditors of the Republic, and
calling forth its resources on hazardous enter-
prizes, productive of sacrifices and consequent
w ea kness.—(lbid.)

[nityrtsit va ess.l
We have inserted in another column the official
return of the number of quarters and average
price of oats sold in the maritime counties during
the last week, included within the period by
which the opening of the poits were regulated.
From this document may at once be seen how
mischievously the system of averages operates on