The Sun.
London, England, 1824-02-26 00:00:00

The remainder of the Paris Papers of Monday
have arrived. The Decree of Amnesty circulated
in the Journals of the South of Fiance, (see
Bayonne Inteiligence), is declared by the Journal
(les llibats to be void of authenticity, while at
the same time it asserts that the real Decree of
Amnesty will be short ly published by FERDINAND.

FRENCH FUNDS closed in Paris on Monday at 100. 30.;
Scrip, 12 prem. ; Spanish 25. ; Neapolitan, 86. ; Bank Stock,
1735. Exchange, one month, 25. 40. ; three months, 25. 30.

Crrr, Melva o'Clocic.—Consols opened at 911
for the Account, and 92 next Account, and up to
this hour they are 911, and for April 994. This
being Account day, a good deal of business was
doing, particularly in settling the accounts. The
fluctuation in this Account has been about 6 per
cent, Consols having done as low as 86, and as
high as 92. Ido not hear as yet of any failures
having taken place. It is thought that it is a
Bear Account. At present I believe no Expresses
have arrived from Paris, nor is there any news
in the City.

Foltitax MARKET.—Very little is doing in
the above Market this morning, and all Foreign
Funds remain stationary.

Half-past Twelve.—Consols have improved,
and are now 91,i.

We closed our remarks yesterday on the Fi-
nancial Expose of the CHANCELLOR of the Ex-
CHEQUER, by stating that Mr. STUART WORTLEY
had already decidedly objected to the proposition
for permitting the exportation of British Wool.
Those of our Readers who are not well versed
in the nature of the Woollen Manufacture, will be
able to appreciate the dangerous character of such
a measure, when we state to them that the long
wool of this country is peculiar to the breed of
English sheep,—and that by its mixture in cer-
tain proportions with the short fine wools of
Saxony Spain, Scc., and of our own finer fleeces,
the British manufacturer is enabled to produce a
peculiar fabric, of superior texture to any that
can be formed at the same cost of material by
his foreign competitors. Of so much importance
has the preservation of this exclusive advantage
to the staple manufacture of the country been
hitherto considered, that the laws for preventing the
exportation both of British wool and of our native
breed of sheep have been most rigorously and suc-
cessfully executed. It is true that several attempts
have been made by the Agricultural Interest to
obtain the repeal of these laws ; but even when
their arguments were enforced by the cry of
distress, Parliament had the wisdom to re-
ject their entreaties, and to hold fast by laws
which form a part of that great system
of commerce and navigation to which the
British Empire unquestionably owes its prospe-
rity and power. Lord MILTON, the colleague
of Mr. STUART WORTLEY in the representation
for the County of York, supported the proposi-
tion of the Landed Interest the last time it was
brought forward ; but such is the sense of the
clothing districts upon this (to them) vital ques-
tion, that not withstanding the weight of the
vrtt.r.fAm interest in Yorkshire, and the
support given to his Lordship by the Whigs and
Agriculturists of the East and North Ridings,
his return to Parliament was endangered at the
last General Election. It seems to us to have
been at the least very imprudent on the part of
the CHANCELLOR. of the EXCHEQUUR7 to renew

the agitation of this very serious, irritat-
ing, and dangerous question, at a time when
the Agricultural Interest themselves appear to
have abandoned their pretensions and expecta-
tions respecting it, and when the plea of their
distress cannot be advanced in justification of
attempting a speculative experiment which every
practical man knows to be fraught with the most
mischievous consequences to one of the great
branches of the national industry. We trust
that Ministers, if they persevere in this measure,
will not, at least, suffer themselves to be so far
carried away by the mania for free trade, as to
permit the exportation of our native breed of
sheep, as well as that of their fleeces. However
difficult or even impossible they may hereafter
find it to retrace some of their steps in the new
and illusory course on which they have been
persuaded by the spurious theorists in Po-
litical Economy to embark, they may reserve to
themselves the power of replacing the woollen
manufacture on its old basis, after they shall have
felt and bitterly deplored the consequences of
venturing upon rash, because merely specu-
lative, innovations, if they have only the

wisdom to continue the prohibition against
the exportation of the sheep. If, on the con-
trary, they permit the breed to he transplant-
ed to foreign soils, the future re-enactment of the
prohibition against the exportation of Wool will
be unavailing, since we shall have enabled our
manufacturing rivals to grow for themselves that
quality of wool which is now exclusively pos-
sessed by the English Clothier.—Pasing from

this lamentable instance of the unsolicited
eagerness with which the present Cll A NCELLO
of the ExcurguEn seems disposed to hazard the
best understood • interests of the country, for

the sake of offering- up a sacrifice at the shrine
of speculative liberalism and of spurious and vi-
sionary Political Economy, we come now to notice
his next proposition (also unsolicited and unex-
pected by, and most repugnant to, the parties
immediately interested), we mean the proposal
to remit 462,0001. of the duties now, paid on the
importation of raw silks. In the measure affect-
ing the Silk Trade, as in that affecting thr

woollen manufacture, it is necessary that we
should state that our objections are not to the
taking off the duties on the importation of
the raw materials, but to the rash and in-
jurious projects by which the propositions
to take off those duties are accompanied. Of
that which so seriously threatens the woollen
manufacture we have already treated ; and we
shall only briefly advert to the threatened dan-
ger which impends over the Silk manufacture, by'
the CHANCELLOR of the EXCHEQUER'S proposal
to take off the prohibition against the importation
of foreign manufactured Silk goods, arfd to admit
them into the British market on the payment of
duties, which, even at the very commencement of
this new system, shall barely give some trifling
" advantage, if any, to the British subject" over
his foreign competitors ! We have said that we
do not object to the taking off of the duty on
the importation of the unmanufactured silk.--
We must, however, be understood to ha% e
made this admission, on the general principle,
—for we, also, have our general principles,—and
one of them is this, that the, importation of
raw materials of every kind, unless they can be
produced at home, should be entirely unfettered
by imposts. Except on the general principle, how-
ever, we certainly think that so large a remission of
taxation as nearly half a million, now proposed to
be taken off an article of mere luxury,—Silk,---
might have been directed t objects which would
have afforded both real and substantial and exten-
sive relief to the community at large,—and perhaps

in no more beneficial way than by reducing the cost
of coals, en article not only of prime necessity to the
comfort and well-being of the people, but which
my also be considered as a raw material, enter-
ing largely into the composition of all our manu-

factures,—and an unrestrained, unfettered, un-
barthened, and free trade, in which, within the
limits of our or. shores, it might have been ex'
pectad would be as grateful to the favourite
ideas of the advocates for free trade with

the rest of the world, as it would be really, in
this particular instance, both sound in principle,
and most salutary and beneficial in Its prat,

tical results. A measure of this kind would

indeed have been gratifying to the just wishes and.
expectations of the country, beneficent in its SC'
tual tendency and in its immediate and ultimate

fruits, and well calculated to sustain that popu-
larity which Ministers had by their past con..
duct obtained,—instead of their unexpected and
extraordinary speculation on the silk manufac-
sure, and the proposition to relinquish the revenue
which it now yields, a proposition in which the
bulk of the people are in no way interested, and-
against which the silk manufacturers themselves
have already strongly remonstrated, in their pe-
titions to Parliament.
We shall resume our remarks to-morrow„ un-
der the hope that the fair and temperate dis-
cussion of the CHANCELLOR of the ExcliDat:rll.4
plans may even yet induce him seriously to r"-
consider them, and perhaps to return to sounder,
safer, and more generally beneficial views.

~~~~

We conceive that Mr. WEEDING'S proposition
at the India House, yesterday, is not calCulated.
to be of advantage to the Student, nor, conse-
quently, beneficial to the service. The Honour-
able Gentleman proposed, that, after the Stu-
dents had attained " a sufficient proficiency is
the Persian and Ilindostanee languages, they
might be allowed to go to either of the Univer-
sities to finish their course, and then return to
undergo the test of a public examination as to
their qualifications in every branch of learning
requisite for the proper discharge of those office
which they might be afterwards called upon to
fill."—Now is it not probable that many of thou,
when free from the restraint of Haileybury Col-
lege, might be tempted to indulge in other studies

that would impair, if not wholly efface, the