The Sun.
London, England, 1823-11-18 00:00:00

THE LONDON JOURNALS.

DAILY.„
Nxtraots from the Morning Papers, November 18.

• [THE TIMES.)
'Farther attempts were made yesterday to bring
Gttebhard's.Bonds into circulation at the Stock-
Exchange ;, but the opposition to them was still
more decided than at tirSt, and the design is now
shown by experience to be quite hopeless. From
the principal merchants of the city to the lowest
elasasof dealers in foreign securities, nearly all
tire equally opposed to the issue of this base ctn..
rency. • To give Ferdinand his due, however, it
Ahopld be observed that there are many well in.
'formed merchants who doubt whether be has yet
evinced any positive intention of committing
to desperate a breach of public faith as the
agents of M. Guebhard both here and in Paris
,would have the Spanish Bond-holders believe.
All the operations, and all the intelligence on
the 'subject, have been confined to a party of
speculators in Paris, who are supposed to be
little scrupulous in their means of attaining their
-object. It is strongly suspected, therefore, that
the whole is the result of a nefarious confederacy
to create a false panic, and induce the holders
of the Constitutional Bonds to part with them
at a price far below their value. In this project
Guebhard's loan Is made the principal bugbear ,•
the mere facts of its iltiVittg been negociated, and
the terms with which it is supposed to he accom-
panied, being quite sufficient for the purpose.—
M. Guebhard may have obtained from some of
the Ministers of Ferdinand, the permission, if he
is able, to raise money,and the form of a contract
has, without doubt, been gone through ; but he
now finds what he then knew—the completion
of it on his part, by raising the money, to be
impracticable. We may add, that M. uebhurd's
rank in the mercantile world rendered the execu-
tion impossible. But he probably foresaw that
the contract, if not valuable in itself, would
become so by the terror it would produce among
the holders of the Spanish securities it was sup-
posed to invalidates and that of this terror it
would he possible for a skilful speculator to take
advantage and
,reali4e enormous profits. This we
believe to be the true character of the whole
transaction. We do not, however, assert our
believe that Ferdinand is incapable of the breach
of faith that is attributed to him, but merely that
there is no evidence at present of its having been
committed.

[NEW TIMES.I
We yesterday received Letters and Papers
from Paris to a late hour on Saturday evening.
Our Correspondent states, that the Rentes were
'done after the regular close of business that day
it'iiiOf,lsc. which was an advance of 5 centimes
.oncthe closing price of Friday. The reason as-
signed' for this' improvement was the appear-
ance of a short article, considered to •he
official, in the Journal des 'Mats. This
'Wrticle is. deserving of great attention in two
Oink of view ; first, it not only avows the de-
termined intention of Ministers to dissolve the
CharOber of Deputies (which was known before),
'but it explititty avows that the object of. this
'measure- is to propose a septennial duration of
-the Chamber ; thereby bringing It still closer in
similitude to an English Parliament. The second
point worthy of notice in this article is, that it an-
nounces the restoration of a good understanding
between the Ministers and the different branches
-of .the Royalist party. It had been believed in
Paris, that the Ministers hoped by the Dissolution
"to some of the more violent of their old
friends, and to till the Chamber with moderifs ;
it is now declared substance,' that the in-
iiiiitienee of Government' will. be used to secure
'the re-election of all the Royalist Members ; and
'Oat the Ministers will thus prove that they have
abandoned neither their principles nor their
Blends.--- It is gratifying to us Britons to see how
'closely foreign Witions copy our admirable COn-
stitution. The insolent and ignorant blockheads
of the Cortes spurned the advice of the Duke of
Wellington to this effect ; but we see France
wisely adopting our Septennial- Law : and upon
examining the new Constitution proposed for
Orazil, it is gratifing t 9 see how much nearer it
approaches. than anyother recent system of the
kind in the. British model. ••

MESS.]
it Is 'nnw'clear that the confederated Powers
Of 'Europe will attempt to dictate to South Ame..
rico, and that the eye of the French Cabinet is
Sill unchangeably fixed on those fine colonies.
'The Ultra Papers of Paiii are' daily occupied
with discussions on this most interesting theme.
It has' tilled the 'columns; alteinately of. the
OrlY Eamme. and Mode, and the Drapeau 'Blanc
now figures-. prominently in' the same field.
"Is England (this' paper asks); neutialisied
" during the the social struggle, disposed all
" 'at 'once to arouse and interfere, under
"'the ;shield of her armaments, at' a distance
cc of two thnusand leagues? Is she dispos-
'ed, In fact, explicitly to recognise the 'hide..
" pentle'nce of the Spanish Colattles, hi order
44 that these vast end rich ' possessions- may no
44. longer rink under the influence of Continental'
" Europe, whose concert' Appears to excite her
" disquietude ?" Yes, we' answer to this paper ;
if the Monarchs of Ceritinerital•• Europe assemble
their Congresses, and attempt to-shackle the free,.
"dem .and commerceV:these countries of: the New
WOrld; over. :Which' they have trojuat or legitimate
control, Eisglanil and her armarrietit's Will interfere ;
• she Will interpose, with a pbwerfiil ruin, alike for
lit,e own 'protection and for theirs.' By what
.rightof conquest, or Of just tee, Oi of intdinational
Taw, 'can Ruhsia, Austria,' PruSsia, or France,
'pretend to 'controul! titesk-freeand 'distant cond-
. tries ? If- Spain . ' can reelaiin them
bY their Own 'pinper Aniit, well and gOntl-1-.let
'them do 'so ; it is'rleatt they.. candor, and "that
Mexico, Perti, fOr
ever beyond their p4Wet, Why should. this
Country piker with its 'evident -interests, 'and not
"acknowledge' that Which noW'virtnally eXists?
Iti preseries, through the des-
perate fidelity of a few isolisled partisin' the
shadow of something of her former sovereii,gnty ;