The Sun.
London, England, 1823-07-05 00:00:00

marine.

h.NEW ES.]
The Morning hronicle must have diNusted
every man of gentlemanlike feelings by its con-
temptuous insolence in speaking of his Royal
Highncss the Duke d'Angouleme. Adverting to
a statement that this Prince's -health was drank
by some personages of distinction in England, it
exclaims, " the Englishman who could drink the
health of the Duke d'Angouleme is unworthy of
the name." Much more truly may it be said,
" the Englishman who could utter such a senti-
ment is unworthy of the name." Yet such is
modern Liberalism ! The object of the Morn-
ing Chronicle, The Times, and other Papers
of that stamp, in lavishing their vulgar
abuse on Foreign Princes in general, is to
create a spirit of hostility on the part of all legiti.
mate Governments against England; but in this
attempt they, will fail ; for Foreign Powers en.
tortain too jest a contempt for the radical part
of the English Press, to notice its scurrilous
remarks. Yet, for the credit of our country,
we cannot but regret that a Paper like The
Morning Chronicle should degrade itself by
such ion -bred vulgarity. ft is like the luso..
lance of a drunken Cobbler, who thinks himself
a. great man because he can belch forth insults
on a Peer who happens to pass in his carriage.—
As to the Duke d'Angouleme, even the Liberals
of France allow him to possess personal 'bravery
and true magnanimity ; and the abuse leVelled
against him in England, far from meeting their
approval, excites their warm indignation. There
is no spot of any kind in his Royal Highness's
character, unless his excessive indulgence to those
who have heretofore opposed the Bourbon cause
may be so deemed— In his private and domestic
conduct he is mild, benevolent, and charitable:
us a Commander, he is brave in the field : as a
Prince, he Council always inclined to prin-
ciples of moderation and rational liberty.

[MORNING POST.]
The anxiety felt by many,. lest English Ca.
pitalists should appear in the character of bid.
ders for the French Loan, is an anxiety in which,
notvvithstanding our unqualified detestation of
:the principles and projects of that power, we see;
not the least reason to partake. That this loan

will be undertaken by contractors of some nation
possessed of ample resources to guarantee the
fulfilment of its conditions, and upon terms ad-
justed to the existing market value of French
public securities, it is impossible for &moment to
doubt. Before we participate, therefore, in this
very honourable, though perhaps mistaken
anxiety, we think it necessary to inquire,
Ist, whether the concurrence of English
bidders is likely to render the terms of
the contract more favourable to the Government
which borrows ; and, 9.dly, whether such con-
currence can be fairly construed to intimate, on
the part of the bidders, opinions and feelings
either friendly or hostile to the objects upon
which the proceeds of the loan 'are to be ex-
pended ? We are, besides, tempted to institute
these inquiries from a pretty confident anticipa-
tion, that if this loan should be undertaken, or
even bid for, by English capitalists, the small
and feeble party which the Bourbons have been
able to secure in this country would boast an in-
crease to its strength and importance—would seize
with eagerness this, its first occasion of even a futile
and illusory triumph. In answer to our first in-
quiry it seems sufficient to remark, that the na-
tional securities of France are in fact at this mo-
ment held, with what degree of wisdom or folly
is immaterial to the question, by French or other
Capitalists, to an amount greatly beyond twenty
times that of the proposed loan. No more is
necessary to prove that the terms of the contract
must be nearly determined, not by the num-
ber of applicants or by the nation to which
they may belong, but by the market value
of the securities already in existence.—lt
is not like the case of a nation, resorting to
the practice of borrowing for the first time, and
which, thus introducing a new commodity into
the money market of the world, might unques-
tionably derive important advantages from its fa-
vourable reception by the Capitalists of England.
The public securities of France have a value now
stamped upon them by the concurrent opinion of
the world. This value it would be idle for Eng-

lish Capitalists to attempt to reduce ; it depends
upon circumstances which individual volition can-
not controul, and is regulated by laws which the
strongest combination of effort cannot repeal.