The Sun.
London, England, 1824-02-26 00:00:00

[NEW TIMES]

The Funds have nearly recovered from the
depression of Tuesday, arising, as it did, from
the efforts of a few parties interested in the fall
of prices, and the misrepresentations which they
caused to be sent abroad. It is well known that
many of these individuals have been closing their
present transactions, and buying largely for the
Account terminating in April next. Some
little scarcity of money is experienced at the
present moment within the precincts of the
Stock Exchange, but it is not expected to
be of long duration. Money fetches within
the House, for short periods, from 4+ to 5
per cent., and consequently the premium on
Exchequer 13111 s has lowered to 425. The old
Four per Cents. continue nearly stationary, but
advanced ytt `terday in common with other de-
scriptions 01r funded property—the last price
was 10211. Several expresses were received
from Paris, bringing accounts to Monday even-
ing. The letters do not contain news, but re-
peat the confidence of the writers that affairs
upon the Continent are going on as favourably
las could possibly be wished, and that the under-
standing between France and this Government was
upon as solid a foundation as ever. Under this
desirable state of affairs the Rentes continued
to advance, and are stated to have been done
at the close of business on Monday so high as
103 f. 25c. Scrip 12 Console for the present
Account, which were done in the course of yes-
terday at 91, closed at 91-H-, and for the April
Account at 91-4, the general expectation appear-
ing to be that they would be higher. In the
Market for Foreign Securities there has been the
last two days a complete cairn. Spanish Bonds
were deserted, and quoted nominally at 24L.
The chief business was confined to the Scrip of
the Greek Loan, and some large purchases were
made yesterday, which produced an advance
from 14 to 3 premium. Colombian Bonds, which
were at 651 in the course of the day, closed at
67. French Scrip at 111-. In other Stocks there
was no material alteration.

[MORNING CHRONICLE.
The early revolutionary movements in Mexico
led to many wanton massacres, which were by no
means confined to Spanish commanders. Several
Mexicans at that time wielded the sword of ven-
geance against their countrymen, and vied with
each other in rendering themselves worthy of the
confidence of their employers, by resorting to
acts of the most disgraceful cruelty. One of these
wretches, who afterwards had even the presump-
tion to aspire to a throne in the very country he
had so much outraged, writing from Salvatierra,
to his commander-in-chief, General Cruz, under
date of the 17th of April, 1812, gives him an ac-
count of a victory he had just gained over the
Independents, and boastingly adds, " that he
had sanctified Good Friday by sending on that
day 300 of his excommunicated prisoners to the
deep abyss below." How different was the con-
duct of another Mexican, Gen. Bravo, a distin-
guished patriotic chief, in an action about the same
time ; he took 300 royalist prisoners, just at the
moment that he received information that a
dearly-beloved father had been shot by
,the
enemy. Some of those about him observed that
this would be a fair opportunity to avenge the
death of a parent, and obtain a just retaliation
for the massacre above alluded to. " No," said
General Bravo, " the shade of my virtuous
father can never be satisfied by so inhuman an
act ; his murder and that of the others require
of me acts of charity, nobleness, and generosity."
He instantly ordered the 300 royalists to be re-
leased, and sent them home.

[BRITISH PRESS.

Sir John Wrottesley's proposed plan, for the
alteration of the coinage, brought forward by
him last night, was quite Utopian and uncalled
for. The Honourable Baronet—to accomplish
what happy results we cannot guess—proposed
to have only three tables in denominations, in
place of four, as at present existing,—namely,
pounds—next shillings, each to be in value one-
tenth of the pound—and farthings, one thousand
of the latter to be equal to the pound. In the
farthings, the lion. Baronet stated, this would
make an increase of four per cent. above their
present value. This plan, the mover stated, pre-
vailed in France, in America, and longo inter-
vale, in China. The worthy Baronet con-
cluded his strange propositions by moving an
Address to the Throne, praying that an inquiry
might be ordered into the best method of adapt-
ing the coinage of the realm to a decimal scale.
Mr. Wallace, the Master of the Mint, very pro-
isp.rly opposed the motion and plan of Sir John
Wrottesley, as not possessing any advantages, even
if adopted, and quite uncalled for at the present
moment. In the course of the speech Mr. Wallace
instanced the evils arising from the discrepan-
cies in the currency, and the embarrassment!.

created by it in the present intercourse of this
country with Ireland. The currency of the two
countries would, however, the Right Honourable
Gentleman hoped, be soon assimilated, and an-
other obstacle be thus removed to the close and
friendly feeling that was every day strengthen-
ing between the two countries. Sir Henry
Parnell stated the injurious effect this discre-
pancy of currency brought with it to Ireland.—
It had been his intention, he said, to bring for-
ward a motion on the subject, as he had inti-
mated last Session, but as Mr. Wallace had un-
dertaken the important subject, he would leave it
in his hands. The original motion of Sir J. Wrot-
tesley was of course lost. Any meddling with the
currency further could now be productive of no-
thing but alarm and distrust. The change from
a paper to a bullion circulation has, in the
main, been attended with the greatest benefits,
and brought restored confidence in its train.—
But the entire currency of the country ought
to be put on an equality ; Irish money will
not circulate here; and there is always a loss
as against that country, of at least 84 per
cent. in the exchange with England ; it has
been so high, during the last war, as twelve,
fourteen, and, even at one time, near twenty
per cent. All English money circulates in
Ireland at an advance: thus 1/. English is
11. ls. Bd. Irish ; but Bank of Ireland paper,
tokens, and tenpenny pieces, the current circula-
tion of Ireland, will not be received here. Thus
all money transactions with this country are car-
ried on at a great loss and inconvenience, an in-
consistency as between one part of the empire
and another that ought to cease. The Custom-

house regulations, that fetter and annoy in the
intercourse between both countries, are of the
same character, and should be altogether extin-
guished. Measures, we are most happy to
tee, are every day in progress to cement the
Union between both countries, and make them
really one. It is only now that the measures of
1800 are beginning to be felt. The intercourse
between England and Ireland ought to be as un-
restricted as between Middlesex and Yorkshire.
The Currency Laws, Custom-house regulations,
and all other enactments ought to be put on the
same footing. The more extended the connec-
tion with Ireland becomes, the more will that
country be benefited. Were tranquillity and
conciliation established in that fine island,
where every necessary of life is now so cheap
and abundant, British capital would soon, from
its capabilities, and the cheapness of labour and
provisions, be diffused largely. Let us hope that
a better policy, as regards Ireland, will be now
unfolded, and that all proscription and unworthy
restrictions of every sort will gradually he abo-
lished by the wisdom of Government and the
Legislature. The most incalculable benefits
would arise from such a policy : confidence,
tranquillity, and prosperity, would all follow
within a very short period ; the saving of expen-
diture to Great Britain would be immense, and
her acquisition of strength in every way propor-
tionate. Can Ministers much longer act on the
present narrow and unworthy policy, which has
so many evils in its train ?