The Sun.
London, England, 1824-04-23 00:00:00

EXPRESS FROM PARIS.

At the moment of writing the above, the Etoile
of yesterday has been received. The only article
of consequence which it contains is one of a
gloOrny description from South America, and of a
very unfavourable character for Colombia in par-
ticular. The Etoile also states that General
GUILLEMINOT has set off on his embassy to Con-
stantinople.

102 f. 60 c.
- 102 f. 90 c.
Spanish - - . -16 i.
Private letters state that the Rentes left off
at 103 f.

RENTES AT PARIS.
Renter, for Money -
Time

In our preceding columns we have given ex-
tracts from the Foreign Journals, received since
our last. A Paris Paper asserts, that the " dif-
ferences" between Portugal and Brazil are to be
settled by the Mediation of this country; whilst
an Augsburg article, on the other hand, says it
is reported that the two Emperors and the
King of PRUSSIA, are about to hold a Con-
gress on the affairs of Greece and of Brazil, and
that " a notification will be made in conse-
quence to the Engligh Government and to
the King of PORTUGAL !" These are all, of
course, mere on dits, and are unworthy of seri-
ous consideration.— The latest version of the state

of affairs at Constantinople, as given by the Augs-
burg Gazette, is warlike. DSCHANIII EFFENDI, it
appears, has, by an eloquent speech, roused the ire
of the Divan against the l'iluscovites ; and all the
talk is for sending a reinforcement of a hundred
thousand men to the Danube ! The next arri-
val, however, will doubkss bring its pacific anti-
dote to this formidable intelligence ; and in the
mean time we can only express a hope that
doubt and indecision may hang over the councils
of the Sublime Porte, until thin heroic Greeks
have securely established their well-won inde-
pendence.
'l'n.% T vx-rvr FiussAss.—We observe that The
Dublin Star, a spirited and loyal Journal, has
extracted two paragraphs from Tin: SUN relative

to the TENTH IhisAßs. Those paragraphs were
either taken from other Journals, or founded on
general reports. There can be little doubt that,
though the Regiment has she‘vn marks of pride
or folly, yet that its errors ht.ve been much ex-
aggerated. " Give a dog an ill name," awl
" hang him," says the adage. By the orders of

the COMMANDER,IN-CIIIrr, whose services to the
Army cannot be sufficiently estimated or ap-
plauded, and the removals which have taken
place, it may be fairly presumed that the TrsTa
IfussArts will manifest a different conduct, and
substitute praise for censure. We are assured
by The Dublin Star that the report is not true
that the Corporation of Dublin had petitioned
for the removal of the Regiment in question from
that City, and we are glad of the opportunity
of contradicting it. ft is probable also that
the Surgeon of the Corps was not insulted
by a Dublin mob in the manner stated, but if it
were true, who can immediately controul the
turbulence of a rabble, or ought to suffer from

their indecent ribaldry. We shall be happy to
learn that the TENTH litisslas recovers the re-
putation which ought to attach to every branch
of the British Army, and we have no doubt that
the new regulations will effectually accomplish
so desirable a purpose.

We yesterday adverted to the intended Loan
of five millions for the relief of the West India
interest. Until the Prospectus makes its ap-
pearance, it will perhaps be difficult to ascertain
the precise nature and object of this great com-
mercial undertaking. From the rumours, how-
ever, that are in circulation, we believe that the
design is to form a joint stock company, with a
capital of from three millions to five, in shares Of
1001. each, and that the company, so formed,
will not confine itself to lending sums of money
on the security of West India property, but
will also embark extensively in mercantile tran-
sactions. In any case, the application of so large
an additional capital to the concerns of this im-
portant Interest cannot fail to be highly bene-
ficial, whilst the advantages to the Company of
Proprietors will be in proportion to the pru-
dence and skill with which their affairs are con-
ducted. We extract the subjoined Letter on the
subject from the Glasgow Courier, received .this
morning, together with the observations of the
Editor of that respectable Provincial Paper on
the proposed project :---

" London, April 15, 1524.
" Sin—You will see by the votes of the House of Commons,
that I have presented a Petition to found a West India Com-
pany in London, with a large capital, on the usual terms of
agency. It is in ne degree to trench upon or interfere with
private establishments; nor do they ask any exclusive privi-
leges. It is proposed to be conducted by twelve general mer-
chants and twelve West India merchants. As soon as an/
prospectus is circulated, I shall have the pleasure of commu-
nicating further with you. The capital is proposed to be raised
in shares of 1001. each, and a reserve will be made for the Out-
ports, as the Gentlemen who support this plan are desirous,
that whatever benefit may result from it should be shared by
all those Gentlemen connected with the Colonies in Glasgow,
Liverpool, and Bristol.
" I am, with great respect,
" Sir,

" Your faithful and most obedient servant
" W. 'AI.ANNIG.
" To James Ewing, Esq. Chairman of the
West India Trade of Glasgow."

IVe beg leave to call the 'attention of our readers to the ;Coo, c
communication. It proceeds -from Mr. Manning—.a liLcr,ll

and experienced Member of Parliament—lately Governor of
the Bank of England—an extensive West India Merchant—
and the Proprietor of several Estates;

The expediency of the proposed Instisution is a question of
the highest importance, and requires the most mature consi-
deration. Till such time as the Prospectus is issued, and the
articles by which the Company is to be regulated, are ascer-
tained, it is impossible to form any judicious opinion. On
these principles, we understand, the West India Merchants of
this city have resolved to act, and altogether to suspend their
judgment, till the whsle case come before them for deliberate
decision. In the meanwhile, from our own knowledge of
Colonial affairs, we may venture to throw out a few hints for
reflection.

On principles of political economy, we perfectly agree with
Dr. Adam Smith, that exclusive Counpanies are a nuisance,
and that even Joint Stock Companies are not in general bene-
ficial. "'lt cannot be expected,". he justly observes, " that the
Directors of such Companies should watch over other people's
money, with the same anxious vigilance, with which the part-

ners in a private co-partnery frequently watch over their own."
Even Dr. Smith, however, admits of several exceptions to this

rule, when " justified by great or singular utility in the object,"
Which applies directly to the case before us. We have seen too
in our own country, and even in our own city, such associations

to be not only pioductive 'of eminent advantage to the public,
but of great profit to the stook-holders.

Another objection to the West India Company, is grounded
on the injUry which would accrue to private establishments
To a certain extent the argument is good. There can exist
no doubt, that the necessary consequence of the pecuniary fa-
cilities which such a great body can afford, must be to attrac t
certain part of the Colonial business, and thus to divert it
from the private channels in which it has been accustomed to
tun. This evil, however, may to a great extent be counter-
acted. In the first place, there are still a number of inde-

pendent Planters, who will naturally send their produce to
the market, where the price is highest and the charges are
lowest, In the second place, there are others who have ob-
tained advances, who are satisfied with their correspondents,
and who will be averse to any change. In the last place, there
a third class, too numerous at present, who have received
Illote money than their merchant is either willing or able to
sontinue, and to whom such a transference would be hailed,

not only as a relief, but as a boon. For these reasons, we
have little fear of the Outports.

So much for the disadvantages anticipated from the proposed
eatablialurtent. Let us now look to the other side. Let us con-
template the distress to which the West India Colonies are uni-
venially admitted to be reduced. Let us consider nearly two
hundred millions of British Capital, locked up from circula-
tion—no possibility of movenient—no sales to be made—no
I!'alts to he procured—no transferences to be effected. Let us
'then ti!:,l our eyes home, and view the enormous quantity of su-
perabundant capital in this country—struggling in vain for a
profitable occupation—wasting itself in distant baubles—or ap-
, plied by foreign loans, to strengthen the sinews of war, which
flay soon be directed against ourselves. Is it nothing that such
a system should be changed? Is it nothing to the public, that
they should have an opportunity of applying part of their sur-
P 144 wealth to a quarter where they would receive at least
6 per cent. of interest—to possessions which are under British
law and British government—to Colonies which feed the navy,
foster the manufacturers, and supply one-fifth of the revenue
of the mother country ? But if these be public benefits (and
who can deny it?) there is no way in which they can be
realized but by a public Company.
There is another advantage, if possible, still greater. At
Preaent there appears a perfect apathy with regard to the pros-
P,etitY, or even to the fate of the Colonies. We may go still
t,,,
wirther, and affirm that there exists a spirit of direct hostility,
I,lc. lies of late been most industriously infused into the in-
laona.nts of almost every parish, town, and hamlet. And to
What Lnust this system ultimately lead ? to the annihilation of
some of the best interests of the country—to killing the goose
that lays the golden eggs. And from whence did it arise ?
Irian selfish considerations on the part of those who trade to the
Eastern Possessions, which may be soon torn from our grasp.
—And how is it engendered among the good people of this
country ? By two causes,--want of knowledge as to the actual
state of the West Indies, and want of interest in the result.—
'rho first of these will gradually be removed by better infor-
mation—but the second can only be obviated by permitting
capitalists of every description, and to every amount, to pos-
*seas a direct and personal participation in the profits. In this
Way, every man and every woman who has a hundred pounds
to spare, will do good to themselves and good to their country.
In this way, the national feeling which, from the plan of hold-
ing shares, is confined to the East Indies, will be•extended to
the West. In this way, our valuable Trans-Atlantic posses-
sions will be saved, by a fast hold on public attachment, and
tlius restore that security which is the only obstacle to pecuniary
investment.

. It a further inducement were wanting, it might be addressed
to those who advocate the cause of emancipation. The insuper-
able difficulty in the way of this object, is the admitted claim
for compensation, and the immense sum which would conse-
quently require to be raised in the shape of home taxation.—
Sow', by generalizing the interest of the British people in the
Colonies.—by opening the door for a direct and immediate con-
tact with their prosperity, not only will the sincerity of every
Petitioner be put to the test, and not only will the charge be re.
olored of his displaying a cheap humanity, but the way will be
smoothed according to the extent of the public subscriptions for
bares, and the means of accomplishment may thus ultimately
raised
If by voluntary contributions.
tiles.' sentiments be correct, we shall be found materially
to differ from the view taken in the Letter of Mr. Manning,
and in place of confining the shares to " the Gentlemen con-
nected with the Colonies," we should be for making the part-
nership as general as possible, and for diffusing the interest
widely and universally over the country.

ST. GEORGE'S DAY.—This being the Anniver-
sary of his MAJEsrr's Birth-Day, the occasion
Was celebrated by the morning being ushered iu
by the ringing of bells and the usual demonstra-
t,i)nns of popular pleasure. At one o'clock the
I ark and Tower guns fired Royal salutes, and
the
populace were regaled with two barrels of
strong beer,
and several poor persons received
relief at the Palace. The bands of Gentlemen
Pensioners and all the Royal attendants appeared
111 new splendid scarlet liveries. The wail coaches
%ill also proceed in the evening from Mr. Vidler's
factory at Millbank, to the Post-ollice, with the
usual new liveries, harness, kc. The Royal
tradesmen celebrate the event by a dinner at the
Thatched House Tavern, St. James's-street. In
Consequence of this being Easter week, and
'navy of the nobility not being in town to pay
their Court to the KING, the Levee is postponed
until the 29th inst. his 'MAJESTY has attained
his sixty-second year.

The Duchess of GLOUCESTER paid a visit to
tile Princess AUGUSTA yesterday. Their Royal
Highnesses rode out together and visited Lady
1‘41(1.011, at her residence in Cadogan-place.
On Wednesday morning the Duchess of GLou-
etrrta and the Princess AUGUSTA visited the
buchess of
S II
KENT, the Princess SOPIA, and the
bake of ussEx, at the King's' Palace, Ken-
.
3ingtoll.
KING'S BARD.—There is no truth whatever in
the report that a successor to the late EDWARD
?INTEA has been, or is to be appointed. The. situ-
ation was merely an honorary one, and only held
while his present MAJESTY was Prince of Wales.
It
ew know what the qualifications of a Bard are :
He must read and speak the Ancient British Lan-
guage, be a Poet, and thoroughly acquainted with
.he laws of Composition, and not a mere Per-
former on the Harp. Were the situation to be
again filled, there is no doubt that the Editor of
tile Welsh Melodies, and Registrar of Music to
the Royal Cambrian Institution would be fixed
upon.---(Morning Post.)

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