The Sun.
London, England, 1823-12-24 00:00:00

THE LONDON JOURNALS.

DAILY
Extracts from the Morning Papers, Dee. 24.

[MORNING epsT.3
The pretensions of the crew fledged Govern-
ment of Spain as this moment to reconquer South
America, are so perfectly ridiculous, that were
they not manifestly stimulated by the Court of
France, at the suggestion of other Continental
Powers, we should be disposed to laugh at the
folly, or pity the delusion• of those who could so
palpably exhibit their vanity, " the seamy side
without." If since the dethronement of Buotta-
parte, and the restoration of the pious Ferdinand
—a period of nearly ten years—the utmost efforts
of the mother country to restore its ancient au-
thority in the New World, or rather to impede
the success of its independence, proved futile,
whence has the power arisen of now sub-
verting all that was .accomplished in the
above important lapse of time, Wheti Spain was
liberated in 1814: the King and :the Inquisition
reigned triumphant, and up to the 7th of March,
18%0, his Majesty was not only: enabled to rule at
'ome without 40, or some have it 60,000 French
soldiers as a guard of honour as well as safety for
his Throne, but to prosecute a war against the
Patriots of South America. At present the
whole Peninsula is distracted—the Govern-,
ment without finances or stability—and each
day that passes threatening a :new revolu-
tion. We should not, therefore, allow ourselves
to be deceived by the vauntings of hirelings
in Madrid ;
.the re-conquest of South America,:
is a blow aimed by France and the Holy Alliance
at the commerce, the wealth, and tho power of
.I.:ngland, and as such we are bound to resist it.
Happily, • indeed, nnisters seem sufficiently
warned by the intrigues of the French Cabinet
„previous
to the invasion of Spain, to stand on their
guard against further projects of aggrandizement,
and from the precautionary measures which have
already been adopted, there. is every reason to
confide in the Wkdom of Government, not only
for tine preservation of our own trade and pros-
perity, uod the imlepemlence of other nations,
but also for the reaintenance of that Peace which
we. at present enjoy.

LTIIE TIMES.]
The scheme of raising several millions sterling
for the Spanish Government, by a company of
European eapitalits, to be secured and iudern-
nified out of certain privileges transferred to
them beyond the A tlantic Ocean, we yesterday
announced as one respecting which " nothing
had yet been settled." Upon the face of such
project there need be little hesitation in adding,
that it is one the successful accomplishment of
which would be among the most extraordinary
occurrences of an age not unfruitful of won-
ders. Monied met, are stated to solicit from
-the Spanish Government a transfer of rights
which it clnims, but has long been unable
to exercise, over immense provinces of North '
anti South America. Whet, thee, is the velue
to a purchaser of an estate from which the von.
dor has been already ousted ? Ta buy a lawsuit
is en act of no common Indiscretion; but what
must be the prudence of him who buys a pro.
perty, to which be can obtain access no other-
-wise than by going to war ? In the present case
it is manifest, moreover, that there exist some
parties whose consent must be procured, besides
those whose names appear as principals to the
future contract. First, the property of the Spa-
nish crown might, while that crown was acknow-
ledged by the Colonists, have extended over mines,
maehinery, palaces, lands, Sz.c., in America.; and
dozing that recognition of its sovereignty, the Spa-
nish Government might, no doubt, have made a
sehstantial sale and transfer of those possessions:
but cap they still possessions of the o'o4ll of
Spain ?---6 a single dollar received on account of
them into the treasury of Madrid ? have not the
new authorities of Mexico and South America
seized those. possessinns, with the sovereignty to
which they were appended, and altogether
changed the ownership ? If, then, it be pro.
posed by the capitalists of Europe to advance
their funds on such securities, •it is plainly
with the American • republics, and not with
Ferdinand, or his Ministers, or any Con-
gress of Monarchs, that they must make up
their minds to treat ; anti if the question
he put to the new Governments, whether
they will surrender to the a ttoi flies and cre-
(liters of Spelt), what they have long re-
fused to Spain herself, the answer is obvious—
" You must then pay us, not Spain, the price of
it." On the other hand, If a price be offered in the
shape of a recognition Of that independence which
lraa been long since achieved by the Republics,
the reply is equally apposite.—" A$ for inde-
" pendence, it is already ours. You may ac-
" knowledge, it at your leisure ; but wt have
" a =right to that acknowledgment—and to
" pay for it would he to sacrifice the right."
The se,cond condition of the projected con-
tract is still more curious—and, we may ven-
ture to say, more impracticable. It goes to
vest lit the company of bankers a monopoly
in the trade to the former Spanish possessions !
Ncr.cornrnoree is to be carried on with those
extensive countries, but through a licence from a
partnership in Europe ! And how is such a
measure to he executed ? A certain number of
crowned heads, it seems, will prohibit their sub-
jects from trading with South America until they
have paid this ttsx to the monopolists. But. who
will prohibit the emancipated colonists them-
Jelves from trading with the rest of.the world ?
The United States of North America will not
be very eager to impose such. a bond upon their
clA.zens, England, it is to, be hoped, will not
become, fudalory to the bankers, and restrain her
uturchuntfoam commercial intercourse with
two or three mid twenty millions of men, for the
accommodation of King Ferdivand and his Con-
fessor. With `the trade, then, open between
Spanish Auvricu, and the whole world,--for even
with the.Statesef the holy Alliance au active in-
tercourse will be carried on, through the medium
of, the 1?00-conforming nations,---way. should like
to bear, after a twelvemonth or two, what would