The Sun.
London, England, 1824-04-16 00:00:00

.-- -ME -LONDO-N JOURNALS.

DAILY

Bat:wiz front liss Morning Papers, April 16.

~,.:....

Csconnive roar.] . .
An attempt has. been. made for some days past
twcbect :the rage for new- speculations, in-.-our
stuttket, by. dilating on the uncertainty of the .re-
Ass'rps..from these investments• of capital, and- by
loammoning up the Ghost of the South-Sea scheme
lei care the public from enterprizes alleged -to be
absurd.and fragile. Smollet's account of
:she famous "'bubble" has: accordingly been
quutearbut in our humble.opinion it is calculated
Yither to prove the dissimilitude than the resem-
blance of the, jobs in 1720 and 1824. We are
xtet. aware •of any. project of the : present day
at.,-,.patrcroizetl'by..the Prince of Wales," nor have
wr beard of any .serious accidents which have
recently happened. in. the, neighbourhood of the
sSock:Exchange,. in consequence of the extra-
-ordinary crowding of . the carriages. of Dukes
.11,40.. Marquises, Archbishops, • and= Ambassa-
Alors,,who fell foul of' each other in endea-
vouring to obtain shares of some of the new CO(11
;wits. That a variety of speculations have
been lately set on foot, no one of course can
dvny: but, instead of the public being deluded
into absurd -expectations of profit from them,
we think, all things considered, their career has
been extremely moderate and reasonable. In

the nature of things it could scarcely have been
utherwise. The schemes are all domestic, and
lach as the entightened.•people of this country
-have ample means and information to enable
them to estimate with tolerable correctness.--
In short, we willingly prefer any speculations
a a- domestic to those of a foreign nature.—
Admitting the former may fail, some indivi-
aluals will doubtles become losers, but other indi-
viduals will be gainers, and the country suffers
rrothing. It is not so with Foreign Loans—for
Won we give away, perhaps to future enemies,
our money or our goods ; and should the trans-
action prove rotten, we have nothing to. show in
return but a few skins of old parchment, while
the amount of the Loan remains a dead loss to
the British Public for ever.- It is not our object,
however, to puff up one species of exchangeable
'security and pull down another ; but we cannot
help observing the inconsistency of those who
-were silent during the menus• for Foreign Invest-
ualents, and now inveigh. against- the application
o_c our capital to domestic, probably patriotic and
philanthropic purposes.

[MORNING cisitomietx.]
The Paris Papers .contain some fresh proofs
of the progress of the Government in.consolidat-
ing the work of Despotism. - Our readers will
see from our extracts, that..the.G.overnment has
t length by au Edict taken to itself-the exclu-
sive management of all education, public and
private, Catholic and Protestant. This• is all
part of the European system.—The Constitution-
riel contains a document of a curious nature, the
G.ircular of the Prefect of a department to the
Parish Clergy, informing them.. that religion
weans political subserviency., and enjoining
them to use their utmost endeavours to ob-
tain votes for the Ministerial. party. When
we see the notions which are entertained of
religion, we may anticipate, without much diffi-
culty, the sort of religious instruction which will
be- communicated to the French people.
". Luther and his disciples," says the late Editor of the
Li•apeau Blanc, " persuaded a part of Europe that the soya-
re4nty resides in the people, and instantly the blood.of Kings
isst?uredout on the scaffold. The logie of nations is as rigorous.
as. the truth of GO itself. . • . ; . . ,Europe, in spitc.of
potial disorders and slight deviations, was advancing rapidly.
tcowards the perfection An.which Christianity. calls 'nations, like
ioaividuals, when the Reformation suddenly arrested. its pro,
g*is, and precipitated it, into an .abyis into. which it sinks
keper and deeper ever day, and of. which -we know not the
I?s.)ttorn:" ,
This is the key to the attempts now making hi
Yrance. Spain it already. iu the high way to
Ghr4tian perfection.