The Sun.
London, England, 1840-12-09 00:00:00

marked 2-ti- to s for money ; and 244 to I:for the ac-
count ; Portuguese New Five per Cents. remained at
:34, for immediate transfer, but touched 341- to
for time. The Three per Cents. were dull at 22i ;
Mexican Bonds of 1837, rallied from 29!.; and 30 to
:30 and 30i ; Colombian of 1824, mere at 26 for ac-
count ; Chllian at fit) to 59 ; Brazilian at 71i, and Peru-
vian at 1511 ; Belgian Bonds were at a rise to 98i, No
transactions are reported in the New Scrip. Dutch
Two-and-a-Half per Cents. were heavy at 51i ; and
Russian Bonds at 1 1.4.. .

The Share Market was brisker today, and advanced
quotations were realised for all the lines of Rail way
dealt in.

The following is the official return of the exportation
of bullion from the port of London for the week
ending Thursday last :

Silver coin to Hamburgh
Gold coin to C010mb0......,,,,, l5O

SPIRIT of the PUBLIC JOURNALS

FROII lilt MORNING PAPERS OF THIS DAY.
(From the Morning Chronicle.)
We were sure that the first communication received by
Melo Ali from France, after the change of Ministry,
would decide his submission. The French agents who
exerted themselves (as was proved by the disclosures in the
Committee of the Chamber of Deputies) to induce him to
hold out, would at once perceive that the game was at an
end. The Allies in the outset renounced fur themselves
all separate advantages which might accrue under the
Treaty. With respect to England, it is obvious that, from
first to last, she had no separate object in view. She
wished to preserve the general peace of Europe, and as the
existence of Turkey as an independent State was indispen-
sable fur this object, she opposed from the outset the am-
bitious schemes of Mehemet Ali, which could only termi-
nate in the political annihilation of Turkey. With France
we have no longer any cause of disagreement. Time Govern-
ment of that country had in an evil hour listened to the s ug-
gestions of a perverse, and at the same timeshallow ambition,
and sought to promote the interests of France by coun-
tenancing the dismemberment of Turkey. With the sig-
nature of France, as well as the other Four Powers, to
the pledge to preserve the integrity of Turkey staring him
in the face, M. Thiess, while labouring to paralyse that
empire by securing to Mehemet Ali his usurpations, first
offered the insult to Europe of attempting to show integrity
meant partition, and, when driven from his shifts, at last
fairly avowed-that. his object was to give to France the
Protectorate of the new Arab empire. The vote in the
Chamber of Deputies affords strong ground for believing
that the unprincipled school of politicians who would let
slip the dogs of war, however active, are not so numerous
in France as was generally thought. We trust that the
dangerous principle of seeking national advantages, not in
the development of internal industry and foreign commerce,
but in spoliations and extensions of frontiers by conquests,
will be more and more reprobated, and that France will be-
come sensible that she is more especially called on to per-
form the high and elevated part of guardian of the peace of
Europe, and that her influence can only be impaired by
pursuing objects, calculated to inspire her neighbours
with jealousy and alarm. We have always maintained,
and we are sure, that ninety-nine in a hundred of the
people of England, so far Irons wishing to impair the legi-
timate influence of France, or to curtail her power, feel a
deep interest in her welfare ; and were she even wantonly
to provoke an European war, in which fortune might not
favo her, would grieve to see any of her neighbours ag-
granMsed at her expense. The statesmen of France must
know that when, at the Congress of Vienna, a strenuous
attempt was made to wrest Alsace and Lorraine from
France, and re-unite them to Germany, from which they
had been detached long before the French Revolution, the
representative of England at the Congress gave great of-
fence by the obstinacy with which he opposed the attempt,
as one pregnant with danger to Europe. The feeling
which then animated the representative of England still
exists. We wish France to remain strong and in-
fluential. She is necessary, as a power of the first
rank to the stability of the European common-
wealth. Jealous of Franco we cannot he, for tee
aspire not to be a military power, of the first rank ;
and we know that the means of France will not allow her
to rival us on our own element—the ocean ; and even if
she possessed a commercial navy with adequate means, it
would be impossible for her to hold the first rank as a
military power, and at the same time maintain fleets
capable of making head against our own. The English
wish well to France ; and it can only be by the greatest
mismanagement, by the grossest misconception of the part
she is called on to fill in Europe, that England and France
can possibly come into collision. Nature, by assigning
them two different elements, as it were, on which to dis-
play their respective powers, has removed the great cause
of jealousy, and destined them for friendly intercommu-
nion. The French are a lively, exciteable people, and
their first impulse is not always reconcilable with what cool
reflection would dictate. But, on the other hand, they
are without the vice of people of a more sluggish organi-
sation—they are riot obstinate. No people are sooner
alive to their mistakes when they commit them. Their
quickness of discernment will soon teach them to place
any little mortification they may have felt to the proper
account. Their statesmen have Committed mistakes,
to use no harsher term ; and it is with nations as with
individuals, they must pay else penalty of deviations from
prudence. England has done her duty, and at the same
time befriended France, by restraining her in the head.
Longo course on which her statesmen were impelling her.
The past is now matter of history, or as the phrase in the
Chamber of Deputies is, the facts are realised. It would
be a grievous mistake were French statesmen to take
counsel from pique, and instead of profiting by experience,
to make the failure in one imprudent course a reason for
rushing on another. Let us hope, rather, that the past
will soon be forgotten, in a reciprocation of friendly actions
between the two nations. The occasion may arise when,
as in the case of the dispute with Naplos, France may
again aid us with her good offices, The English will net
consider the peevish expressions which fell train speakers
in the course of the late discussion as evidences of a set-
tled animosity towards this country.
(Prom the Times.)
The arrival of the India mail, via Egypt, again directs
public attention to the important events that arc transpiring
in China and in India—events of which it is impossible to
foresee or predict all the consequences. The operations
which are going on in China may be briefly summed up
in the following statement :—That the blockade of Canton
has been maintained, that the forts of Amoy have been le-
velled to the ground, and that the island of Chusan, on
the east coast of China, has been occupied by British
forces. We have already expressed on former occasions
our strong disapprobation of the principle on which this
war has been undertaken ; but, waving for the present all
objection to the war, we ask whether this is the way in
which it should be conducted ? A great nation may cer-
tainly, if its rulers shall so determine, carry on a little war ;
but it cannot do so without degrading itself, without frustrat-
ing its own objects, and wasting its means, both in men and
money. Considering the character of the Chinese Govern-
ment and people, and that our object is by hostile means to
establish or compel friendly relations, it is evident to a calm
observer that the only way in which it is probable that such
a result could be accomplished would be by some daring
enterprise to which the adequacy of the means employed
would secure prompt and decisive success, and which by
its very character would strike terror both into the heart
and the heed of the empire, and produce a dispositisu to
reluctant but amicable negotiation. Instead of this, the
war that has been actually commenced, as far as events
have yet developed its character, is a petty affair of outposts
and nutports, displaying no strength and inspiring no awe
—a sort of compromise between peace and war—an at-
tempt at armed negotiation, in which it is still desired to
treat with the enemy as a friend--a blockade feebly exe-
cuted—forts battered down as it were en passant, and the
peaceable inhabitants of an unimportant dependency scared
out of their wits and put to flight by a drunken soldiery.
What effect can all this have hut to produce
in the minds of the Chinese the contempt which we
feel towards them, and to double time hatred of which we
are already the objects, and by the operations of both feel-
rags to indispose to the renewal of friendly communica.
tions ? The blockade of the Canton river is conducted
as blockade was never conducted before. It is stated
that such Chinese junks as are taken laden with salt
are restored, but the cargo detained, as the article forms
one of the Government monopolies, while rice and other
grain pass free, the Macao passage being left open, and
the exports from Macao remain unmolested, apparently
with an understanding to that effect. The purpose appears
to be to distinguish between the property of the Chinese
people and that of the Chinese Government, and to in-
tercept the latter only, as if the interests of both were
distinct, as if the war were carried on against the one
and not against the other, and as if we might even
hope to find or create allies and coadjutors among
the people against the Government. We shall say
nothing of what has been called " the profound
immorality" of this proceeding, because in the
whole series of proceedings from beginning to end,
we see an utter indifference to all moral conside-
rations. In the language of a certain school it is
worse than a crime. Even to the roost obtuse under-
standing it must appear a folly, an egregious absurdity,
since it directly tends to defeat the only purpose for which
a blockade in any form can be conceived to have been un-
dertaken, and voluntarily to put into the hands of the
Chinese Government the means of defeating our most hos-
tile demonstrations. We percieve no such equivocal hear-
ing on the part of the Chinese towards the British. They
do not recognize any middle term between peace and
war. They do not understand such a state of things as
peace in war, or war in peace. Their hostility is out-
spoken and uncompromising. Their proclamations breathe
war to the knife. The Mandarins refuse to forward
any communications to the Emperor, and the
people flee at our approach. In fact, we have
yet to discover the character and resources of
the enemy with whom we are contending ; and
the discovery may be made only after our re-
sources have been exhausted, our strength dissipated, and
the inoraie of our force destroyed. What greater censure
can be pronounced on time conduct of a war than to say
at every thing that has been attempted has succeeded,
and yet that nothing has been accomplished! The events
archave occurred on the north-western frontier of India
re
more favourableoccasion
to
announce. to th
os armst
I, thanh o
m e
d thoseK h
Khan
ne hadhas
last
once more appeared in the field to dispute the throne of
Cabul, and his defeat and route have prevented the dis-
astrona consequences which even a partial or first success
might have produced. The
A tfg,hanistan does not, howelavoesri,tioanppoefarthetolirbi
whit improved—for this Plain reason that wahcetahistieLe"Ovvneeienr
of our soldiers may victories the gallantry
we have not acquired any h
the people. old on the aections of This cannot be better shown than in the
words
of our Calcutta correspondent, who says—
,4 Had Dost Mahomed Khan succeeded injoreirg the
passes with his Usbeck allies, and descended into Affghan.i
is:an, the country would have risen as one man in his
favour, and the small force we have at present in that
country could hardly have made head against their multi-
tudes, and would have run the risk of being destroyed in
a war of skirmishes." Nepaul has been apparently