The Sun.
London, England, 1824-06-02 00:00:00

THE LONDON JOURNALS.

DAILY
Extracts from the Morning Papers, June 2.

[MORNING nERALD.]
By a 7 letter from our Madrid correspondent, it
would appear that the Spaniards were seriously
meditating an attack upon South America. We
have long been of opinion that they would at-
tempt a re-conquest of their colonies, and that
they would probably be assisted in money by
the French. The people of England cannot
blame. the Spaniards for attempting to regain
possession of their colonies; they would do so
were they placed in the same situation. Nor can
the people of England blame the French, for the
former would not have the least objection to en-
grdSsing the whole of the South American trade ;
on the contrary; if it could be possible that the
Duke of Wellington could conquer the whole of
South America, and bring it under the dominion
of this country, we should have bonfires and illu7
minations. Whether the Spaniards are likely to
succeed in their projected enterprize is another
question. For our own interest, we hope that
they will not—and we hope so in a political
rather than in a commercial respect, for such an
increase of territory to France might eventually
be attevded with dangerous results to this coun-
try. Our Governn, ent will probably content it-
self with looking on ; for the taxation left us by
Mr. Pitt's admirers may keep us calm spectators.
It would be odd, however, if instead of the ship
having weathered the storm, she Was but about
to encounter a new one, though in such new
storm there might be less to fear on the part of
the Holy Alliance than there was from the revo-
lutionary spirit which prevailed thirty years ago.
At least there would be less to fear by those
m ha possess property.

[MORNING CIIRONI6LE.]

We have lately more than once alluded to the
approaching period when the Treaties of Friend-
ship and Alliance, and of Commerce and Navi-
gation, madelietiveen Great Britain and Portugal,
and signed at Rio de Janeiro, on the 19th of
February, 1810, will expire ; and when our mer-
chants, unless some timely provision is made, will
be left, carrying on an immense trade, on the
most precarious footing. The Treaty, above
alluded to, was continued in full force when
Brazil was declared independent, and the Im-
perial Power established. By its provisions, a
perfect reciprocity in point of duties was agreed
upon ; so that manufactured goods are landed
Tinder the same rate from British, Portuguese, and
consequently Brazilian vessels, viz. 15 per cent.,
whereas the vessels of other nations pay 24. This,
we therefore consider, is a topic of the highest
importance to the manufacturing and commercial
interests of the British Empire ; and as the
Treaty in question expires in August, 1825, it is
also deserving of immediatcN.attentiOn. It is very
well ascertained that both France and the United
States are at this moment. engaged in regulating
their mercantile concerns . with -Brazil by means
of Treaties, and even the negociations for the re- •
cognition of the independence of that country by
Portugal are. about to commence. The moment,
therefore, could not be more propitious. We dis-
approve of all undue influence hi the concerns of
any independent power, or undue preference in
the regulations of trade, our only wish is, that
our merchants may not hereafter be exposed to
any thing like embarrassment or,uncertainty
in their mercantile speculations. The United
Stites are more particularly engaged on the sub-
ject, at the present moment, and no doubt they
will find it- advantageous to be early in their
arrangements with the Brazilians. Their imports
from Brazil last year amounted to 1,214,810'
dollars, notwithstanding they are rivals in cot-
ton ; and the value of their domestic exports was
1,062,209 dollars. This is a trilling sum com-
pared with ours, yet the security of this growing
branch of trade enters into the immediate policy
of the United States.

• [THE TIDIES.? • •
-It is stated in letters from Paris, received yes-
terday, that an application has been made by the
King of Spain to the French Government for per-
mission to purchase live ships of war, to be em-
ployed against South America. The application,
it is said, has been positively refused by the
French Niuisters, who have transmitted informa-
tion of the circumstance to the English Cabinet,
accompanied with professions of their disposition
to adhere to the position laid down by Mr. Can-
ning, viz. that Spain, if inclined to attempt the
re-conquest. of_ her late 'colonies, should be left
wholly to lwr owl') resources.

-
The proposedexperiment having been made,
and all hope baking now ceased that Spain can
be induced on any terms to take the lead in ac-
knowledging the independence of the South Ame-
rican States, the public anxiety becomes daily more
intense to ascertain. the course now intended to be
pursued by Ministers. We are enabled to state,that
the presentdelay in asking information of. Ministers
on the subject, by Members of the House of
Commons favourable to the South 'American
emancipation, has arisen from the expectation
that such intelligence may arrive from the
countries in question as Tay render far more
Clear. the proper course to ,be 'pursued. Owing
to ,the prevalence of contrary winds, an unusually
long period has • elapsed without any arrivals
from South America or from Mexico ; but every
thly may be .expected to put an end to this um.
certainty. At , all events, we understand that
the. Session ‘villnot'be allowed to terminate with-
out a clear explanation of the probable relations
of England with those.conntries.---(Mid.)

. . -
[NI :w -T1 51 S.j* ,
Yesterday Consols were heavy at a decline ill
the Prices, haVi4, been done at -94:17 until an,
eminent cqiitaus'l,purcbased.to a very consider-
a'ble amount, which produced an improvernenti
and at 'the close Limy were 9.5.11 for the Ac-
count.-1t- was ,r4inettrcil, late in the, after-
noon, that the pruceedings of the :Commis-
sioners upon tile adjustment of differences
between I'ortugal and the Brazils have. ad-