The Sun.
London, England, 1823-12-23 00:00:00

IU LONDON fOURNALS.

DAILY •
Extracts from the Morning Papers, Des. 23.

CMORNINtit CIIRONI cLt.]
The Paris Papers of Saturday contain little in-
telligence of any interest. An extract from the
Memorial Bordelats gives a curious picture of the
present state of Spain. It is said, in so many
words, that the attempts of the Corps Diplo-
matique to induce Ferdinand to govern Spain
upon any thing like rational principles, can only
be productive of civil war, and that tranquillity
can only be obtained by the entire destruction of
the Liberals.—The Constitutionnel, in noticing
the presence of Messrs. Baring and Rothschild at
Paris, says—" They are in negotiation for the
new Loan of Spain, hut it is not believed that
the affair is yet concluded. The lenders, it is
said, exact for security Ecclesiastical Estates,
which.they would administer themselves, under
the guarantee of France."—An administration of
Ecclesiastical Estates, under a Government re-
stored by the Church l Diplomacy never had a
harder task on its hands, even with the aid of
40,000 French troops.

Letters from Greece state that the Greeks
have experienced a severe logs, in au attempt on
the Turkish fleet. Having succeeded in ap-
proaching the Turks, near Metelin, they sent
two fire-ships egainst them ; but the wind un-
fortunately changing, these ships were driven
hack on themselves, and no fewer than twenty-
three Greek vessels were destroyed. Had the
liind not changed, few of the Turkish vessels
;you'd have escaped.--(ibid.)

[vie Times.
.1
The subject of chief interest to-day is the
Spanish loan—that is, the loan to 1w advanced to
Spain by foreign contractors. Our, correspond-
ence relating to the matter will be found interest.
ing. We believe, we may say with certainty,
that nothing is yet decided on. The contrac-
tors are said to require, as a condition, that the
independence of the South Americen States
be acknowledged : in which case mousy may be
adcanced, and the monasteries saved. We should
not be dissatisfied with such a political corn-
pyornise on the first instance,, though we are
firmly persuaded that the conventual property
must fall at last., God forbid it should be other-1
rsdse ! Indeed, Spain's resources from the
new world being cut off, wo• do not see
how she can proceed without some change of
property at home. We would wish her to esta-
blish a respectable parochiable Clergy, well-paid,
and capable of instructing the people : and as to
monks, friars, and nuns, we would eradicate the
race, by gradually appropriating to the exigencies
of, the Snits the funds applied to their support.
We subjoin the letter of our Correspondent re-
ceived last night by express:—
" Palos, DEC. W.—The, plan to which r al-
luded on Thursday as being under discussion, for
lie vine, at once Spa eish fitthecet, and termincting
every hostile projea t South America, Is
substantially correct. It Was proposed to the
French and Spanish Governments by certeie ban-
kers, who would be willing, under certain condi-
tions, and with certain guarantees, to carry it in-
to execution. The advances which they would
snake, if their propositions were accepted, would
be sufficient to indemnify France for her exer-
tions in the pacification of Spain, to pay the sum
due by Spain to Great Britain for losses incurred
in the West Indies, and to enable his Catholic
Majesty to meet his financial difficulties, with-
out dislodging the Monks, or selling their
cmtvents. Their propositions are—that Spain
should acknowledge, withoet reserve, the
independence of the South American States,
and transfer to the new Company all the rights
whieh she at present claims. It is well known,
for it:sweep, that the Government of the mother
country had groat property in machinery, &c.,
fur working the mines ; that in Mexico and
other provinces his Catholic Majesty possessed
estates, palaces, and other kinds of Crown pro-
perty. All those would,be ceded to the company
of contractors. To this company likewise would
be ceded all the advantages or grants which the dif-
ferent States would be willing to afford for the
general acknowledgment of their independence.
There are still Spanish troops, for instance, in
Peru ; Mexico is not yet tranquillized ; and none
of the provinces enjoy that peaceful security to
which they would attain, if they were assured
that no hostile attempt would he made upon them
from Spain or Europe. In order, therefore, that
these troops might be withdrawn, and this se.
entity established, all the provinces might be in-
duced to make. a contribution in money, which
would go to indemnify the contractors, The
French end Spanish Government have hinted at
the possibility of establishing a constitutional go-
vernment in South America, and placing at the
head of the different States Bourbon Princes or
Infantas. To this the framers of the plan, or the
contractors, object. They refuse to advance them
money on any other condition than the absolute
independence of the States as they now. exist. Mr.
Parish is gone to Vienna, to lay'the propositions
of the contractors before Prince Metternich.—
The plan will require a long time to he matured.;
A congress must finally decide on its adoption.
What will England say to this?
" December t. 20, 0 p. tn.—Nothing has yet been
filthily settled as to the loan to the Spanish Go-
vernment. An operation of such 'magnitude as
the advance of 700,000,000 of reels (or, about
7,000,0001. sterling) to such a Government as
that of Spain, is not to
,be concluded in a day.
It demands much negociation, and many previous
guarantees. It is not, therefore, supposed that
any final ArrangPment can be made for some weeks.
The convention concluded between theFrenchaud
Spanish Governments, for the military occupation
of Spain, is on)y in the first instance ford six
months. Not that there is the least probability
that the military occupation of this miserable and
disorganizect,coutatry will cease at the end of that
peril, but, it was thought better that the term
ihotitil be frequently renewed, rather then at first
be' long. The,reasona fur this preference are two-