The Sun.
London, England, 1840-07-11 00:00:00

POST.--The particulars we have given, during the
last day or two, with respect to the distribution by the
Spanish Government of the newly created bonds, in con-
tempt of the laws, and with that gross bad faith towards
the public creditor, a long perseverence in which has given
ise to the suspicion that a considerable admixture of the
blood of the ancient Carthagenians, still circulates in the
veins of the modern Spaniard, have had the sffect of show-
ing very distinctly- for wha: party it is the Morning
Chronicle is working ; not that we had at any time the
smallest doubt upon the subject. It was/ clear, from the
first, to all those who, like ourselves, knew any_
thing of the moves of the stotilt46bbing clique,•
that our contemporary, while he affected to be ac-
tuated by none but the most disinterested motives,
and whose only anxiety seemed to be to obtain justice
for the old creditors, was, by an artful process, only paving
the way to the introduction of more of the worthless paper
by which they have been so scandalously defrauded.
Our brief exposure of the last two days have served to
pfochriissyoft
open the eyes of the public most completely to the hy-
pocrisy and to neutralise the tendency
o
dissertations.o
hor

The state of the market here shows to whose reports
the dealers are disposed to attach confidence—the
Chronicle's or our own. The bonds were worked up by
a fraction yesterda3, and to-day an effort has been made
to give them increased currency; but what is the result?
The Actives, negotiated at 60, and upon which there is
now an accumulation of interest amounting to 271. 103.,
making a total of 871. 10s. per cent., after being done at 281,
left off heavy at 2S& ; so that, ultheugh Cabrera and Balma-
seda have crossed" with the remnant of their adherents," the
frontiers into France, and the civil war is, as the Chronicle
puts it, " virtually at an end," the great result produced at
the Stock Exchange is, upon the whole, less than two per
cent. What miserable cant and quackery does our con-
temporary descend to in order to prop up the babble of
his adoption! We ask hint how he proposes now to dis..
pose of Espartcro and his army, preliminary to the reduc-
tion be anticipates in the expenditure of the honest Cht is-
tiao Government ? " The important saving in the army
estimates," of whicli he speaks as " immediately practi-
cable,"
imagination.a b le, i s ,
we fear,
Disband
practicableeforces onl
to rfif, ct the savingy in his own speculative
named of 31 millions sterling per annum, and what becomes
of the military spirits which have been called into existence
by the war of succession? The history of the South
American States can at once furnish the reply.

HERALD —Great exertions arc making to attain or
pass the round numeral of 30, as it is a common observa-
tion among the stock-jobbers that the public out of doors
are so pig-headed as never to buy when things are cheap
or low priced, but that they arc always sure to run wild
upon a dear market. It may be hoped they will in the
present case be found to reckon without their host, and
to pay the score and settle the differences among them-
selves. It will be quite time enough to rate Spanish
Bondi and Coupons as worth something more than
papel sellado on which they are printed, when the Spanish
Government shall have taken some steps to imprint a stamp
o f good faith upon them, by propositions for an instal.
merit of payment now, or a better security for it and
for the eventlul discha,ge of the whole debt hereafter.

SUN.—Accounts from Manchester, which reached
the City this afternoon, do not lead to the expectation
of so early a resumption of business at the establish-
ments of the Comm:nercial Bank of England as was
announced by the Directors themselves.

The Public Securities maintained a steady appear-
ance, and actual necessity compelling the investment of
large surplus amounts from the dividends, taken at least
in the aggregate, causes business to be active. At the
same time, however, there is not what we should term a
decided buoyancy in the market, and we are inclined to
believe that were it not for the reason above assigned,
viz., the temporary abundance of money among the na-
tional annuitants, the funds would look rather different to
what they do now. The speculators in stocks, who are
usually keen-sighted, are at present more led by the
public, than the public by them, and before the recom-
mencement of transfers at the Bank of England a few
c'at's since they were doing scarcely anything. We know
but two ways of accounting for this seeming anomaly ;
the harvest is not yet secured, and our great manufac-
turing interests are sadly paralyzed.
For the opening Consols have realized 92 to 924 ;
and, for immediate delivery, 92 to 92k, being a trifle
lower than yesterday ; Exchequer Bills have main-
tained a premium of 30s. to 325. ; East India Bonds
have been marked 2s. to 4s. premium ; Bank
S•ock has continued at 1731 to .41 ; and East India
Stock has been as high as 2521 ; the Reduced Three-
and-a-Half per Cents. have been steady at lON- to
A slight re-action occurred in Spanish Bonds this
afternoon. The latest prizes were 284 to -t ; the Pas-
siveur Stock touched 7 ; Colombian Bonds rose to 27i ;
and Brazilian to 801.
The Railway Sbares are at present so neglected as
to deserve no lengthened notice. They were all at
ahout yesterday's value.
Although Exchanges have not yet
actually the
Foreign
are parties who apprehend a re-
Altlmu
lagil lien, there
at•tion. This afternoon bills on Paris were taken at 25f.
55ic. to 571 e. ; on Amsterdam at 12 2i to 3 ; and on
Ilaniburgh at 13 9 to 4-,

SPIRIT of the PUBLIC JOURNALS.

FROM THE MORNINO PAPERS OF THIS DAY.
(From the Morning Chronicle.)
The Canada question may Low, we suppose, as far as
the proceedings of the Imperial Parliament are
concerned, be considered, as finally settled. The Tory
leaders in the House of Lords have, as we anticipated,
shrunk from the responsibility of making good their words,
and throwing out a measure sanctioned by the almost una-
nimous assent of the colony, the mother country, and the
House of Commons. Government, on the other hand, by
Meeting the constituted authorities of the Church half-
way upon the clergy reserves, have evinced their anxious
desire to conciliate conflicting interests, and remove every
difficulty which stood in the way of the settlement of a
question of such vital importance. And now upon a cslm
and dispassionate review of the whole proceedings which
have taken place. the country will not fail to contrast
the conduct of the two great parties of the State
and of their leaders. One thing is clear, that by
the Government and their supporters the Canada
question has been taken up in no spirit of party.
From first to last their conduct has been charac-
terised by the same prudence, moderation, absence of
tahtu6rfeuitnurtehepenaoceldeantadskproofsplaeyriitnygoaf
cseticiumrdeaf,oaunnd-
party feeling, and anxious desire to unite both branches of
dthaetioletefoirsl
for the integrity of the colonial empire of the British
Crown. Looking at the dissensions which existed in the
Conservative camp, and the strong feeling, both at home
and in the colony, in favour of the measure sent home by
Mr. Thomsen, it is perfectly plain that if Ministers bad
chosen to play the game of the Tories last year upon the
Jamaica quevion, or to imitate their conduct of the pre-
sent Session with reference to the war with China, they
could have com-
pletely have done so, as far as mere party interests arc con-
cerned, with great advantage. The Tories themselves
confess, that if Ministers had chosen to take their stand
upon any of the points connected with the settlement of
Should answer
Canada, the dissensions between the Tory leaders in the
Ilu
uc:f.teheti.Liiroikr_ds,wwe
(From the Morning post.)
Were we asked what arc the leading characteristic of
Commonsparalysed
their anda gp age,
party
rti)W,
this " enlightened"
" ignorance." We do not mean to assert that there is a
greater quantity of absolutely uninformed people at the
present era than in preceding times. O,t the contrary,
we admit that knowledge to a certain extent—elementary
knowledge, and a slight smattering .of that which is not
merely elementary—have found their
_. Way into remote
places, and among multitudes that in former times knew
none of these things. But in those elder da3 s the igno-
rant remained in silent consciousness of their ignorance.f.ey a.
They did not characterise their age, for they kept ...ept quiet.
At
No one knew an} thing about them. the present time
the bre t informed are the most audacious. They thrust
themselves forward. They become critics, They talk
with the utmost confidence respecting that of which they
know nothing,' and assert upon mere surmise such things
as :II
,but the ignorant know to be absurd and untrue.
Ignorance is, therefore, at this time, the most prominent
thing in the nation, and for this reason we thiLk it may
fairly be called the characteristic of the age.
(From the Morning Advertiser.)
As we have for
many years, through good and evil re.
pole. 4. maintained the necessity of the abolition of capital
punishment," we feel so deep an interest in qe. p. Kelly's
m Von, that we cannot suffer the occasion to pass without
a'e v words. The effects of this unchtistian practice are
est all times and lilac, s the Earne—they are most demoral-
izing to the people who witness public executions—they
are invariably scenes of profligacy and impiety, of the
ribald jest and profaner oath. flow much longer will
this enlightened age and country allow the people to
be contaminated with these brutal exhibitions of mingled
levity and horror ? A Clergyman employed fur many
yea -s as gaol ordinary, has lately stated, 'e that out of 167
pt rums, whom he attended previous to execution, 164 hz.d