The Sun.
London, England, 1824-02-21 00:00:00

Now has declared that one of the motives for
delaying our recognition of the New States, was,
that Spain herself might possibly be induced to
set the example of the acknowledgment, and that
it was only fair to allow her some further time
and opportunity for conferring that act of grace
and good will upon her lost Colonies. It is
now, however, obvious, that the die is irrevo-
cably cast; and when au answer shall have been
received to the last communications from the
English Cabinet to that of Madrid, it is to
be hoped . that Mr. CANNING, in redeeming his
Pledge to. be more explicit with respect to the
policy of this country, will gratify the Public
with the annunciation 'that the determination
has been taken to recognize. In a letter from
an able Correspondent, in our present Paper, the
wisdom and expediency of this policy is combat-
ed--but it is combated by arguments which will
not bear examination. The objection taken to an
alliance between Great Britain and North Ame-
rica, for instance, merely because Great Britain is
Alonarchical,whilst the United States are Republi-
can, can be entitled to but little weight indeed
when it is considered that the limited Monarchy
and free people of England are in alliance with
arbitrary Governments and despotic States, whose
Institutions and characters are infinitely more dis-
similar to our own than those of our brethren
across the Atlantic,—the British Nation of North
'America ! The argument derived from the sup-
Posed divisions which may exist among the South
Americans, and their inaptitude for freedom,
"elallears.to us to be still more fallacious. We do
I,l;3ltbean .to say that no divisions,—no degree
inaptitude,—no party, even, that are desi-
°us of returning to the dominion of Spain,
exi;t in Spanish Amoica. On the contrarl
.waubelieve that intrigue is actively at work
11,1""xico and other sections of that vast Conti-
4-41t- But it is on that very account that their
PeedN recognition by England is of so much im-
P.ortance
to the new States, by strengthening and
gerivui,nhg, confidence to the Independents, and at once
rtthi:"ng the hopes both of the emissaries of cor-
• ' I°ll from Europe, and of the persons in Arse-
f.esea
se to
d whom their insidious projects are ad-
m.

:We are informed, on authority- which we cer-
li-adllY consider not likely to have been imposed
;I)", though we can scarcely give credit to the
"eternunication which we are now about to re-
-14°5 " that an arrangement has actually been
concluded between the Governments of London
and Madrid, authorizing twelve thousand troops
`0 be raised in Ireland for the service of FERDr,..
,4tIDVII. and for the purpose of forming his Body
‘xuard!" The measure would certainly- furnish
'll/.)lo.yment for that number of the most turbu-
'Nit of the Irish peasantry, and it would in other
respects, perhaps, not be bad policy to have a few
thousand British subjects in arms in Spainrwhilst
there are so many armed Frenchmen in the same
totiutry ; but still, notwithstanding these con-
liderations, and we may add, the high and un-
mpeachable character of the source from which
he information is derived, nothing but the official
trotnulgation of the act can fully convince us
that so extraordinary an arrangement has been
actually entered into.

Our Readers will see from the letter of OW
ZCity Correspondent that the Greek Loan was
din request this morning, and that it has
reached a high premium. 'We need not
1,,a/ that we sincerely rejoice at this evidence
tl -the credit of the Greek Government, and of
:le Powerful moral force which it has so justly and
nobly
obtained by the heroic exertions of a peo-
Ve who have burst the bonds of their oppressors,
\v" have for ever established their independence.
e are enabled to add, that the Greeks have at
left
earned the respect of the Christian Go-
3:,itilreents of Europe, as welt as the good wishes
the good will of every liberal minded man
gaanrearnittee re ction
_ the world
nlu, and that a project for the per-
of a Greek State, under the
ae riousl the great Powers of Europe, now
- ""Pies their respective Cabinets.

CITY, Twelve o' Clock.—Consols opened at 911.
Soon after they were done at i) and rose again
9111, at which price they remain steady, with
~0t much business dohig,_ Pt el 'A
Ile CHANCELLOR of
teEAcnEQuEa's plan concerning the Old Four
r Cents. has not had any effect on the Market,
„eing already anticipated. Up to this hour Ido
hear of any Expresses having arrived from
„4ris, consequently we are void of information in
city
.
le • acteor MARKET.--The chief business in
ilabove Market this morning was in the Greek
it 4,11, Which opened at 2-.1 2-.lper cent. premium,
.I`l, get up to
•Spanish Bonds opened at
4,,", went up to t 1-, with little doing in them.
1\1;41. °f the Foreign Securities are dull. The
mu 'Colombian Loan, which is coming out, is
14:' Ought after, and we understand one of the
-is win
be closed this morning.

''''C'l:1-ACT OF A LETTER FROM PARIS,
(c DATED FEB. 16, 1524.
flea :kJ' he King's Speech to Parliament has justi-
Pre, the hopes and expectations of those who de-
n
l'o:te'd a premature collision with the European
avoid; upon the subject of Spanish America.
rk.cull eet the offensive language adopted by the
4 bpi "of the United States, while it avowed
trds. equally effective and equally uncompr
Ing• That the strew, expressions of the PRE'
viENT'S IVl"sage to Con,ress were echoed by
111. voice of the legislature, was by no means
,
rP6sing' because We know that all popular as-
h ees resno.,
"PUI UU to sentiments in unison with
14)4 far passions; but 'whenever war and its taxtai-
pr,3' c'r speculative advantages, contrasted
..w.iet-
conieellt Peace and continued prosperity, shall 1: subject of grave consideration, we shall.
rePeat, the Members of the American
%tigress sudcienly alive to the difficulties of tl
siti:e:t) and Wisely ready to procrastinate the
tinu/t;fl'ut to abandon, a premature determina:
tetitj 5' declaring their interference, as they
th, €.(1(.1 in the Greek cause, incompatible with
4( Trit ef their institutions.
441 are ,s_People of the United States are well
4441 t Without the Co-operation of Great