The Sun.
London, England, 1824-01-30 00:00:00

TilE LONDON JOURNALS.

DAILY

Extracts from the Morning Papers, Jun. 30.

. . [unrusn PRESS.]
IF seems to be generally understood that the
ting will not open the approaching Session of
Yarliainent in person ; but the Speech from the
Throne will be perfectly pacific. Ministers, it
is said, with the aid of America, have succeeded
with the Cabinets of Paris and Petersburgh in
preyenting any attempt on the independence of
South America ; and the present repose of the
civilised world is not likely to be disturbed.—
This is a coasuromation every way important to
this country : the page of her glory is full ; but
the continuance of peace is essential to her grow-
ing prosperity and greatness : her commerce now
tills both hemispheres ; Ilindostan and its mil-
lions are, in fact, an appanage of Britain : and
America, North and South, presents an exhaust-
less mart for our manufactures and trade. All the
sources of our industry are now unlocked, and in
fill activity. Our influence abroad is un-
tliminished, and there is little discontent at
home. Ministers, therefore, will meet the
coming Session with the most favourable
claims and prospects. The foreign policy of the
Cabinet has been honourable and successful.—
The domestic burdens of the country have al-
ready been reduced, and may yet be consider-
ably diminished. The past and the present Ses-
sion open under different auspices. In February,
1823, the clouds of hostility were gathering on
the Continent, and thickening around Spain ; it
was feared that the character and influence of
England were involved, and the cry of war from-
the Opposition Benches was general and loud.—
In 18'24, Spain is in basest bondage ; hut Great
Britain has her strength and influence unim-
paired, and not a murmur of war prevails through
civilized Europe. The declaration of Repub-
lican America is one of the most important events
that has occurred for years ; her league with
Great Britain would shake to their foundation
every throne iu Europe. If the diplomacy of
our Foreign Minister has accomplished this al-
liance, it was a most masterly stroke of policy,
and places him in the first rank of British States-
men. With such an ally this country never
can have any thing to fear. The pros-
perity and resources of Great Britain are
now risiog rapidly ; with the energy of her
people, and the industry of her merchants, no
bounds can be assigned to her greatness. The
union of the entire empire, on principles of uni-
versal conciliation and concord, is now most
earnestly to be desired ; it should be the first
great object of Ministers. Ireland has an en-
lightened and an excellent Viceroy ; but that fine
country yet remains discontented and disturbed ;
its peace ought not to be sacriAced to the politics
of a faction, however powerful. The Catholics
should be emancipated, and the union of 1800
be assured. Let the barriers of proscription be
levelled in Ireland,—bigotry will quickly dis-
appear, and its people, with good govern-
ment, become one. We shall then no longer need
the large military array kept up in that island for
coercion ; five-and-twenty thousand bayonets
will no more be necessary, and an additional load
may be taken from the burthens of the country.
Thus cultivating, wig a wise and careful hand,
all the blessings of peace, we shall be strong for
war, whenever a just and inevitable call is made
upon us to arm. While the nations of Europe j
are fettered by bondage, their energies withered,
and their resources destroyed, liberty will shed
its benign and fostering influence over our people.
The sun of Britain's glory, in place of growing
dim with years, will burn brighter and brighter,
until it sinks at length in the-night. of ages, and
is lost for ever in the depths of eternity.. This is
the great career now before her, if wisdom and
moderation continue to preside over the councils
or this country.

[NEW TIMES.]
Yesterday being the Anniversary of his Ma-
je6ty's Accession to the Throne, was kept as a
holiday at the Bank. Both the Stock Exchanges,
however, were open, and a considerable share of
business was done in them, with some fluctuation,
particularly in Consols. The highest price of that
stock in the course of the day was 918, and the
lowest 904; but they closed at 908, 91. It has
been generally surmised, that the cause which has
arrested the rise of Consols, and made them re-
cede from 92 to 91, was the determination of the
Bank not to discount at three per cent. But
there is little occasion to seek for an extrinsic
cause to produce such a reaction, which is suffi-
ciently explained by the natural course of the
market. The recent advance in price was so
rapid and considerable, that it afforded a great
temptation to holders to realise their gains ;
and hence proceeded a supply exceeding
the demand, which is no more than under
similar circumstances would take place with
any other article 'in any other market. After
all, the very trifling extent of the reaction
clearly. proves the stability of the market, and
leaves little doubt on the minds of well-informed
persons, but that Consols will, ere long, be still
higher than they have hitherto been. In the
Foreign Market, the Mexican Scrip seemed to be
the chief object of speculation ; but, notwith-
standing the favotirable impression which pre-
vails in the public mind as i`o the affairs of Spa-
nish America generally, the premium on this
Stock advanced but slowly : it closed at zl..—
Spanish• Bonds of 1821 struggled all day between
244 and 141,.. which- latter was their closing price.
'rue other Foreign Securities remained nearly
. stationary : fact, little or nothing was doing in
them.