The Sun.
London, England, 1823-07-05 00:00:00

will resume his attendance-at the Spanish Court.
If the KING has not been reinvested with the
Royal authority, we trust that the intended
suspension of the forms prescribed by the Con-
stitution for trials for high treason and •con-
spiracy has not been proposed under any dis-
position to charge the KING with an offence
against the State. 'file following is the Madrid
article ; our other extrltcts from the Paris Papers
will be found in a preceding column :---
MADRID, JUNE 26.—We have letters from Cadiz to the 20th.
The Cortes assembled on the 18th. According to the Appel
Nominal, there were 110 Members present; this number being
sufficient to deliberate, the Sitting was opened.
The business commenced by the Cortes, declaring that the
Regency had deserved well of the country. They received the
Congratulations of the Municipality of Cadiz, and referred to a
Special Committee the proposition made by several Members,
to invite the Government to point out the means of saving the
country at the present crisis.
The Cortes were then occupied with sanitary measures, and
measures respecting provisions. They then declared that see-
ing the imminent danger of the country, there was reason for
applying Act 805 of the Constitution ; and they referred it to
the Committee of Legislation to present without delay a pro-
ject of law to suspend the formalities in prosecutions for trea-
son and conspiracy.
The Royal Family were conveyed on the 18th to the Palace
of the Customs, which they are to occupy.
Sancho Salvader, the Minister of War, cut his throat with a
razor on the morning of the 18th, after passing the night in
burning his papers. He left a paper, in which he declares that
lie could not survive the disasters of which he was a witness,
and that he put an end to his life with the consolation of never
having committed any crime.
The city of Cadiz determined not to receive the volunteers
of Madrid, who remain in the Isle Leon. 'The defences of this
Isle are very little advanced, and the garrison is not sufficient-
ly numerous to defend all the works. There are scarcely 5,000
men to guard both the Isle of Leon and Cadiz.
Intercepted letters fr, t.i that city depict its state of desolation.
General Vigodet had taken the command of all the troops,
Zayas being distrusted.
Several Members of the Council of State, Generals, Mem-
bers of the Cortes, Officers, and Employes of all ranks, remain
at Seville, either from not being able to quit it, without risks
on the road, or because they do not wish to support any longer
the spirit of revolt. Amongst them are Generals Blake and
Palafox, both much attached to the King.
The two divisions of Generals Bordesoult and Bourmont
were to unite on the 211, before Cadiz. Our squadron has also
arrived in the Bay, and was to put itself in communication
with the shore.

FRENCH FUNDS.—JULY 2.
Five per Cents BB f. 45 c.
Bank Stock . IMS f. c.
Neapolitan 5 per Cents. 74i.
Exchange on London—One lklonth 25 f. c
Three 31onths 25 f. MI c.

An Express has arrived this morning from
Paris, and has- brought the price of the French
Funds 88f. 60c. .

Th►e friends to the Cause of Spain, and of the
independence of nations, have been for some time
end' avoniing to dissuade English Capitalists from
contributing to the new loan which the French
Government finds to be necessary for the accom-

plishment of its ambitious and nefarious pro
jects. The arguments employed are, the pos
sibility, even yet, of the failure of the Freud

arms in the Peninsula, and the consequent
shock which would be given to the credit,
if not to the stability, of the BOURBON Go-

•
vernment in France,—the almost inevitable

necessity which will compel the French Goveri

ment, even if its arms should be eventually sue.
cessful, to have recourse to a succession of loans

and the future depreciation, therefore, of Frencl
national securities in the money markets,—and

lastly, the injury which Englishmen must inflict
upon British interests by enabling France to
prosecute with increased vigour a war mhich
indirectly strikes at the principles of the English
Constitution, and at the influence and power of

England on the Continent, and the unworthiness
of contributing, in any shape, to the completion
of a profligate and unprovoked aggression upon
an independent state, merely for the sake of the
bonus which the French Government may give
for the use of the money which it requires
for defraying the increasing expences of the
war. It is almost unnecessary that we should
express our concurrence in the appeal which
has thus been made to the good sense,
and to the manly feelings and honourable
principles, of our wealthy countrymen. In fact,
we have seen no attempt at a reply to the rea-
sons which we have just stated against English-
men embarking in the proposed French loan, ex-
cept that which is resorted to even by the common
executioner, in justification of his adoption of an
infamous employment. " If English Capitalists do
not take the French loan," it has been said,
" foreign capitalists will ; and as France will
thus gain► her ends whether we assist her or not,
there can be no dishonour in our taking the pre-
fits of an act of injustice which we have not
the power to prevent." Nothing can be more
weak or fallacious than this mode of attempting
to disclaim pdrticipation in the disgrace of an
act of iniquity to which we become parties.
To say nothing of the political motives which
ought to prevent Englishmen from entangling
themselves in the present policy of France, we
would put the question home to their bosoms ou
considerations of moral justice alone. If they
are justifiable in advancing money to France,
merely because others will advance their money if
they do not, the very same excuse may be made
for the, commission of a great variety of offences ;
-and English Capitalists will have no better
foundation for their pretensions to respectability
than those which may be claimed by the basest
wretches who pander to the vices and depraved