The Sun.
London, England, 1823-10-18 00:00:00

Cbt ftvt:NCPOST .1

We are enabled to lay before our readers
an Official Proclamation Issued by the King of
4Poiti at Cadiz, on thefiOtlt of September, the
day, before he published at Port Saint Mary's
the eYelernte d Decree by which he annulled every
act ti one under the Constitutional System, and
sitinouncedliett course of persecution which he
afterwards carried into effect ' by the Decree
at the 4th lostant. For the authencity of
Allis document we pledge ourselves : of its
importance the world and posterity` will judge.
reipires no elucidation. )furniliatiag to
ixtunan nature as an instance of the 'basest and
most fthanieless hypocrisy„ it is however gratify-
lug inasmuch as it, clears the character of the
Cortes and of the Cadiz authorities from the
Cliorge of having submitted without making terms
for the Constitution and for their country. Their
onlY fault now appears to have been, that they
trusted tin solemn assurances of a King, who
declared that he made them " freely and of
his own soontaneous will," and did not sus-
pect that lie was only adding a crowning and
let as trust a last perjury, to the mass which is
already crying out to Heaven against him. Let
this Proclamation be compared with the faithless
and infamous Decrees of the Ist and 4th of Oc-
tober, which appeared in our Paper of Wednes-
day and yesterday, and then let the most servile

and interested advocates of French aggression
and of restored Despotism, repeat if they dare,;
that the deliverance of such a man is a blessing. !

[MORNING CHRONICLE.]
We noticed the new Loan which the Austrian
Government has contracted for. It was reported
yesterday that Russia intended contracting for a
new Loan, but we understand this report is void
of foundation. But a Loan which will create
much more agitation than either of the above, is,
we learn, to be announced shortly, we suppose as
soon after the bankruptcy of Spain has been
declared as possible,—a Loan for the Abso-
lute Govbrnment of that country, under the
guarantee of the French.—We should con-
ceive a Loan of this kind 'a much less safe
speculation than one directly to the French
Government. Even after a bankruptcy has been
declared in Spain, it will be difficult in a coun-
try so impoverished to raise taxes adequate to
the ordinary expences of Administration. When
the day of payment comes, the French Govern-
ment may not be so ready to discharge the obli-
gation as to enter into it. There is another ob-
jection to a Loan to Spain, at this moment, but it
is not likely to weigh much in the money market,
where moral considerations weigh generally very
little—We mean, that any loan for the behoof of the
Spanish Government, will he, partly employed in
the attempt to reconquer the quondam Colo-
nies ; an object which France has bound herself
by Treaty with Spain to aid her in effecting.
The French openly tempted their Allies with the
re-acquistion of the Colonies, and the impres-
sion that a positive Treaty has been entered. into
between the two Bourbon Governments is very
general among well informed persons. A little
time will clear up these matters.

[NEW TIMES.
Reverting to the subject of Spanish Bonds, we
beg our readers to remember that we have not ar-
gued against those securities simply because they
were of a revolutionary orisin, but because we
think it impossible that any Spanish Securities,
Revolutionary or'Royalist, can for many years to
come be placed on a secure basis, Public credit
in Spain has been cut up by the roots. The
country is desolated ; the financial resources are,
almost annihilated. If, therefore, any new Loans
should be attempted to be raised by the restored
Government, we warn our countrymen to be ex-
tremely cautious how they have any thing to do
with them Above all, let no British capital be
embarked in loans for the purpose of re-
conquering South America. —lf the Royalist
party in South America should prevail,
which is a very possible case, particularly in
Mexico, and should choose to connect itself in
any way with the Mother Country, it would be
no business of, ours to interpose an obstacle to
Inch a union. But if Spain should attempt to
lit out fleets, and dispatch armies across the At-
lantic, let us riot assist so ruinous a scheme with
our money. Let Britain busbandand improve her
resources against the day of trial, when her own
interests shall be at stake ; for unhappily the
history of the human race affords too little ground
to believe that any peace will be perpetual.

LMORNING HERALD.]
We have heard, that in Ireland it is a generally
received opinion, that Middle-men, as they are
called, are injurious to the community. By
Middle men, leaseholders of land are under.
stood. Those who take a lease of a hundred, or
a thousand acres of land; at as low a price us
they can obtain it, in order to let it at as high a
price as they can get. We will imagine an
Irish Nobleman, possessing an entailed estate
worth 10,0001. a year, provided he lived in
Ireland, collected his own rents, and got the
utmost worth of them, but who chose to reside in
England, in preference to living in a country
where comparatively the lower orders of society
set law at defiance; where murders of the most

horrible nature are 'regularly committing ;
country of Mountains and of bogs ; a— coun-
try which, in the interior parts, is in the
rudest state of civilization, and the tenants, for
the most part, are, or appear to be, in the utmost
state of poverty,:and to whom most men, posiess-
ing a tract of land of the nature we have described,
would rather give something every quarter-day
than take any thing from them. We say, that a
Nobleman or a Gentleman coming into the pos-
session of a large. estate under such circumstances,
if he, has been in England, would not chuse to
live in the country parts of Ireland, and be his own
letter of landto, and collector of rents from, such
tenants as we have'described ; he would prefer to

live in England, where he could comparatively live
in peaceand in the highest slate of luxury,and where
lie would be in the way of the Court, the fountain
of honours and of lucrative employments for

himself and family. But what must a Noble-
'man or a gentleman -do, in case he should re-
solve on living in England, In preference to living
in Ireland ? Must he not have . recourse to
either a middle-man or a steward ? Some pre-
fer one, but more the' other. Certainly an
honest steward would probably best answer the
rich landholder's purpose ; as an men are fond
of obtaining from their possessions as great an in-
come as possible. As a steward, therefore,
appears better of the two, we will suppose that
most men would, in the first instance, chuse
the steward, who, by the bye, would, for his
stewardship, by hook or by crook, contrive
to get 1,0001. a year out of the 10,0001.,
which would reduce the absentees income to
9,0001., but the thing not being the steward's
own, and his' employer living at so great a dis-
tance, and as it might be irksome or inconvenient
to him to go even once a year to his estatee, we
will further imagine, that after the lapse of a
year or two, the absentee does not regularly
get his 9,0001. a year, his steward informing him
that, from one cause or another, he cannot send
him the full amount of his rent. Does he not get
dissatisfied with his system of employing a
steward ? Suppose, instead of his getting 9,0001.
a year, the sum he contemplated having in Eng-,
land to spend, he only gets 5 or 7,000/, s year,
will not this very circumstance cause him to
think of some other mode of securing, if he possibly
can, a certain instead of all uncertain income ?

for probably he finds that though his income has
been uncertain, his expenditure has been certain ;
and the latter will be the case if.he be married,
and 'has told his partner, either before or after
their union, that he was worth 10,0001. a year.—
At this point the necessity for the middle-man ne-
cessarily arrives, and it is in the course of things
that one will rise up, or if not, the absentee will
either visit his estates for the purpose of letting
them on lease at a certain term to people known to
be wealthy and able to pay him the rent regularly,
or, as is very fregnently the case, he will
offer his steward, who. in the course of a few
years, may 'have realised a small property out of
the 1,000/;:a'year, to becoMe his'tenint on lease
for' the whole of the estate. Most things end in
this way. The steward knows the 'real value
better than any one else, and will kobably give
more money per annum than any one else.