The Sun.
London, England, 1824-03-17 00:00:00

FRENCH FUNDS.

Rentes on the 15th of March, for money, 100. 50.; end of
the month, 100. 70. ; Ducats, 89i. Spanish, 24.
(From Galignani's Messenger of Monday.)

Several of the German Journals state, that the
Southern and Eastern Russian Armies continue
upon the war footing, and occupy the same posi-
tions as for some time, notwithstanding the enor-
mous expences which they thus occasion.

Extract of a Private Letter from Odesssa, of

the 21it ult. :---

" According to intelligence of the 11th inst.,
from Constantinople, M. Minziacky was to visit
the .Sadi-Effendi on the following day, although
the latter still continues indisposed. His missio❑
has not commenced under auspicious circum-
stances. Lord Strangford was compelled, during
his late conference with Ghalib-Effemdi, to
employ all the efforts of his diplomacy, in order
to elude the questions of that Minister upon the
succours afforded to the Greeks, on the part of
some Englishmen. The Noble Lord has received
a donation of 100,000 piastres from Sardinia, and
his Dragoman, M. de Chahert, one of 20,000
piastres and the Order of St. Maurice, for having
concluded the treaty of the Porte with Sardinia.

The only intelligence in the Paris Papers of
Monday is contained in a short article from
Madrid, dated the 4th instant, which states that
the King had issued a Decree, re-establishing the
Junta created in 1815, to draw up a general plan
of public instruction. Three French corvettes
and brigs have been sent to Goree to reinforce
the squadron kept by France on the extreme
coast of Africa, to prevent the Slave Trade:

FRENCH FUNDS-99f. 85c. ; Bank Actions, 1777 f. 50c. ;
Neapolitan 'lentos, 88& ; Spanish ditto, 24.

Dutch and German Papers have also arrived;
but their contents are altogether uninteresting.

EXTRACT OE A LETTER, DATED PARIS, MARCH 10, 1824.
" The documents which have been laid before Parliament re-
specting the question of Spanish America are perfectly free
from irritating and menacing language towards Spain. Mr.
CANNING has fairly and explicitly stated the views of his Go-
vernment upon this subject, and avowed in the most candid
manner the policy it will hereafter adopt.
" I hail the decided negative of Mr. Canning, on behalf of his
Government, to become a party to a conference with the Holy
Alliance on the affairs of Spanish America, as another evidence
of the disposition of the British Cabinet to unfetter itself from
the influence of European policy, and I trust that hereafter
Great Britain will be as insulated in politics from the Continent
as she is in natural position.
" The desire of Great Britain to recognise the Independence
of Spanish America, is evidently founded upon the belief that
Spain is quite inadequate to the task of recovering her former pos-
sessions, both from her own weakness and the indisposition of her
former colonists to return to her yoke ; and that, therefore, to
continue her nominal sovereignty, by. the demonstrationof an
ineffective force, is to protract the miseries of warfare, and to
iwnittehr rtuhpots
eurneigi eicoensss ar ;
biltyl twh te oh
hineirn
wontede rcia l
g intercourseenerosi
generosity,
fyo,
Great
the
riea worldßr-
itain is disposed to assist such negociations as Spain may medi.
tate to procure for herself superior advantages in the trade with
her former territories. This proposition, I apprehend, Spain with
her characteristic pride will haughtily reject; nor do I suppose
it would receive the concurrence of the opposite party, the de
facto governments of Spanish America, because they must feel
that a disposition to negociate, unless preceded by a complete
recognition of their Independence, will evince a degree of doubt
of their ultimate success in a continued opposition to the Mother
Country. This .prOposal, therefore, is little to be depended
upon as a means of conciliating the contending parties. But
should Spain, contrary to my expectation, consent to entertain
the proposition, she will only dteso in order to gain time for the
operation of that intrigue, which is extensively carrying on in
Spanish America by her partisans and the emissaries of France.
The determination; however, of the British Cabinet, depending
upon various circumstances; • and among others, upon the
reports which the British Government may receive of the actual
state of affairs in the several American Provinces,' will be
formed upon an indisputable basis ; and if it shall be so clear
and so conclusive as to induce His Majesty's Ministers to re-
cognise the Independence of Spanish America, we may indulge
the hope that the powers of the European Continent will be
equally influenced by similar impressions, and be induced to
reject, as utterly hopeless. every idea are-connecting them with
Spain. But should the Holy Alliance dissent from our deter-
mination in favour of Independence, in consequence of our re-
ceiving satisfactory reports, and endeavour to perpetuate the
conflict in behalf of Spain, we must feel such conduct to be a
crusade against liberal principles, which we, foremost among
nations in the march of freedom, must be prepared to resist.
" Entertaining, however, an opinion of the actual state of
Spanish America very different from that which the prejudices
of Englishmen have induced them to adopt, I do not antici-
pate that the issue of this inquiry by the British Government
will place us in an adverse position to the Members of the Holy
Alliance, or that the peace of Europe will be disturbed by it.
" It is evident from the language of Prince Polignac in an-
swer to Mr. Canning, that the French Government is jealous
of our proceedings, and also entertains opinions upon the etc-
tual state of Spanish America very opposite to ours, or that it
is determined, whatever may be the issue, to pursue a policy
peculiarly its own. The Prince says, "The refusal of Eng-
land to co-operate in the work of reconciliation might aftbrd
reason to think, either that she did not really wish for that re-
conciliation,
or that she had some ulterior object in contempla- I
tion—two suppositions equally injurious to the honour and
lcod faith of the British Cabinet. This insinuation as to our
atent motives followed by his remarks upon our proposed re-
cognition of Spanish American Independence, namely, 'Since,
those countries being actually distracted by civil wars, there ex-
isted no government in them which could offer any appearance
of solidity ; and that the acknowledgment of American inde-
pendence, so long as such a state of things continued, appeared
to him to be nothing less than a real sanction of anarchy'—are
evidences with what feeling our present measures are viewed
by the French Government and its Allies. The recent and com-
plete victory of the French Ministers over their liberal opponents
in the elections, has prostrated the legislature of this country at
the shrine of Royal Ultraisni, and we must not be astonished
if they determine to resist our policy, in case it shall prove
adverse to their own. The battles of Europe may, In conse-
quence, be fought upon the plains of South America, as was
heretofore the case in Old Spain.
" Spain entertains the impression that in her late Colonies '
there exists an immense passive force ready to act on the ap-
pearance of a Spanish army sufficiently respectable to sustain a
conflict. She views the clergy, the local nobility, and the
Indians, as her natural allies ; and it is well known that if the
latter could be armed and excited in her faveur, it might give
rise to a new state of things, and the issue of the question of
independence would be remotely postponed. if not entirely con-
eluded against the Creole population of Spanish America.—
When the present Lord Beresford and the late Sir Home Pop-
ham made their landing in the River Plate, the Indians of-
fered their services to the authorities of La Plata in great
numbers to resist the invaders, but the very demonstration of
such a disposition to take arms alarmed the inhabitants of that
country more than the presence of their avowed enemies, and
the offer was, with great trepidation, instantly rejected.
" The Indians of South America are active and intelligent,
less desultory in their habits than their red brethren of the
Northern Continent, and consequently more advanced in civi-
lization; they are like the Cossacks, always on horseback, and
in such a country, which forbids the advance of regular ar-
mies and disciplined manmuvres, their attacks are both haras-
sing and destructive. The righteous judgments of Heaven in
visiting the sins of the fathers upon the children' may yet be
enacted on the descendants of the infamous Cortez and Pi-
zarro."

CITY, Twelve o'clock.—Consols opened this
morning at 934 for the Account, and afterwards
lowered to 93-1 I, with little doing ;—for Money,

93H. The chief business done is still iu Mr'
Rontscnun's new Insurance Shares, which have
been at 15, and, are now 14+ to 15, and
in great
demand.

FonEIGN MAR/cm—Very little doing in Fo-
reign Securities.

The important proceedings in both Houses of
Parliament last night, with respect to the Wei't
Indies, will be read with great interest, and can
scarcely fail to prove satisfactory to the Colonies
having local legislatures. Ministers, indeed, have'
for the ilresent at least, left the adoption of me 3"
cures for the melioration of the Slave Popo-
lation of those Colonies to the Colonists
themselves, having resolved to make an expo'
riment only in Trinidad, St. Lucie, Demerara,
and Berbice, (which are subject to the immediate
authority of the Crown), in the hope that the
example of an experiment, if successful, will
be voluntarily adopted by our other NVest Indif‘
possessions. To this course there can of couffe
be no objection on the part of the greater part 01
the Colonies, and the most tranquillizing effects
may therefore be expected to proceed from it.

CORN TR A Dr.—We extract the following from.
the Circular of an eminent Corn Merchant, at
Newcastle-upon-Tyne, dated Ist March :
" Although a good deal of Wheat has already been sold in
our market at 80 shillings per quarter, the highest average
price of Wheat sold in it for any week, since the late.harvest, Was,
655. and 7d. per quarter, the quantity of inferior Wheat prod ucNil.
this season being so great. The trying period will be the
month of August, as the ports will infallibly open for fresh im-
portation in that quarter, if the deficiency in the last crop 0'
wheat should prove to be as great as it isgenerally thought to be
We may then have an overwhelming importation even in the
face of a promising harvest, as a necessary consequence of the Pre—
sent absurd system of entirely excluding.Preigugra;•rz unt i I prieet
rise to a certain height. A free trade in foreign corn, under big
but not prohibitory duties, will, unquestionably, in the end be
found the best for all parties ; a duty of 20s. per quarter on
Wheat, and duties proportionably high on other sorts of gnin•
would secure our farmers against any injurious competition, 3,,
the same time that it would relieve them from doubt or harm.
—We heartily subscribe to the doctrine here laid down, and
think the Legislature would do well to take the premises into
immediate consideration. It would go far to shew the foreigner.
that we were really serious in doing all we could to establish the
freedom of trade."