The Sun.
London, England, 1824-07-15 00:00:00

security.

We have received the Paris Papers of Monday
and the node of Tuesday. They contain no-
thing of importance; for the article from Trieste
is nothing more than a reiteration of the former
reports of the Greeks having gained a signal
victory at the Pass of Thermopylae. So many
rumours of the same fact, coming from diffe-
rent quarters, particularly when it is considered
that profound silence is observed by the Porte
respecting its military operations, certainly jus-
tify a.prelty confident hope that the Turks have
actually .encountered a severe check. The ar-
ticles in these Papers that are worth extracting
is ill be found in a preceding column.

The heavy depression of the South American 1
Securities, and particularly of those of Mexico
and Colombia, which once stood so high iu the
Money Markets, together with the unfavourable
intelligetice which, as now confessed-by all par-
ties, begins to arrive from the new transatlantic
States, are pretty strong proofs that we have been
right in the opinions which we have fur some
time past expressed on South American affairs,
and in cautioning the British Public against em-
backing in further risks on their account, until
the present crisis shall have passed. It Is al-
most unnecessary that we should assure our
Readers that we are very far from being gratified
by these evidences of our own accuracy. There
are no more sincereiriends to the cause of South
American independence than we are ; and no
persou4, thereforcopould rejoice wore at its

complete triumph than ourselves. We are, how
ever, still• More devoted to the interests and wet
fate of our country than to:those of foreign na
tiOis; and though it was an ungracious and
an unpopular task to resist the public feel-
ing on this interesting and important subject,
yet, having long since obtained informatiop which
,couviuced us that the Spanish American coutust
was by uo means so nearly brought to a conelu-
sion es most persOns imagined, we had no alter-
ust4ive from the course which we unhesitatingly'
adopted,--that of conscientiously, daclering,our
sentiments, and solemnly warning the public
against the dangerous consequences of the exist-
ing delusion. Eveu the Morning Chronicle now
acknowledges " a great number of Colombians
were cut to pieces in attempting to escape from
Callao," and that " a seditious movement has
taken place in Guayaquil (in Colombia itself),
which; however," the Chronicle adds, " was not
of great moment, and was suppressed by the
energy of the Authorities." Other accouuts
state, that the Colombian Congress has found it
necessary to take measures for appropriating
a• part of the property of the Church to the
exigencies
.of the State. This, it is to be
feared, will soon excite 44 seditious movements"
in many other quarters besides Guayaquil ; and
besides inspiring the Clergy with alarm and dis-
affection thronghout the whole of the South
American Republics, is at once evidence of the
necessities of the Colombian Government, and of
the desperate nature of the expedients to which
they are forced to have recourse. In Peru, all that
the friends of BOLIVAR can say for him is, that he
is propariug means for annoying the, Royalists
and indeed the very position to which that leader
has • retreated, in the North of Peru, seems to
prove that he must have experienced some se-
rious disasters, even although the accounts of his
alleged defeats, received through Spain, are ap.
pereutly gross exaggerations. It is now again
alleged that a Congress of Ambassadors is about
to be held at Madrid, on the state of Spain, on
the affairs of South America, and on the future
destiny of the Balearic Islands. We know not
what truth there is in these assertions; but this
we do know, that Russia, as we stated about the
time of the surrender of Cadiz, had marked out
the Belearic Islands as her own, and that the
Governments of the Continent desire nothing
more earnestly than that the infant spirit of
liberty in South America may be strangled.

The Embalming the King of the SANDWICH
IsLANus took place this morning, at seven o'clock,
at the Caledonian Hotel. The ceremony was
performed exactly in the same manner as ou
the late melancholy occasion of his Royal
Consort by Mr. MAconEcoa. and Mr. PERE-
GRINE, in the presence of the Governor and his
Lady, the Admiral, the Treasurer, the three
Chiefs, Dr. LpY; and Mr. HILL.