The Sun.
London, England, 1823-06-12 00:00:00

THE LONDON JOURNALS.

DAILY
Extracts from the Morning Papers, June 19..

[THE TIMES.]
The state of the Funds in France, according to
the last papers, which arrived in the course of
yesterday up to Tuesday, indicate the protrac-
tion of the war and the necessity of further exer-
thins in the way of men and money. The news
from Spain, as derived from French journals, de-
scribe affairs as going on successfully for the
invaders, but the success is of that kind which
promises no speedy termination, and points to no
specific result. The French are advancing
towards Seville, from whence the Cortes are,
with equal promptitude, ready to depart with the
King Ferdinand. Only 5,000 troops are to be
left by the Duke of Angouleme within Madrid—
a circumstance which, we should say, spoke well
for the disposition of the inhabitants towards the'
military guests, were it not announced that a
greater force is to take up its quarters in the vi-
cinity, in such a position as to admit of a speedy
junction with those who remain in the city. His
Royal Highness does not wish 44 to keep in
41 Madrid more troops than the service requires."
'What service! ? we ask. The object of the
French being merely to free the Spaniards from the
thraldom of a few factious men, and those being
Peel from Madrid, surely that loyal city can de.
fend itself against their return, and leave the
liberators to pursue their glorious enterprise. A
flaunting bombastic letter from Donnadieu boasts
of advantages over Nina, whose very existence
affixes indelibly the reproach of falsehood to all
the former dispatches of his opponents,,anneunc«
ing his overthrow and the dispersion 'of his
corps. There is a report that Cadii will neither
admit the King nor the Cortes.. We know no-
thing of the fact; but amidst, the various occur-
ences and heterogeneous parties of a civil war
aggravated by foreign Invasion, such, a resolution
is by no means iniprobable. The decadence of
the Cortes party is said to be indicated by the
flight of some of the Members, and Sir W.
A'Conrt is represented as having (very 'properly
we think) allowed Gibralter to serve as a place
of refuge for them. We still doubt, however,
whether the affairs of the Cortes are yet at so low
an ebb : and the termination of the war is a totally
different affair from the dissolution of the Cortes.
The Journal de .Par h of Monday contains a docu-
ment of some importance in a political point of view.
It is the decree by which the new Spanish Re-
gency Is created. Hereupon it is most proper to
remark, that this Regency is not the work of any
Spaniard or number of Spaniards, but of the Duke'
d'Angouleme, a Frenchman. The Councils of
Castile and the Indies had positively declared
their incompetence to nominate a body which
should exercise the functions of Royalty ; but,
awing constrained, they simply ,mention the
names •of some persons who, in their opinion,
would be fit for the task, and the French Ge-
neral instantly, in the name of ' the King of
France, declares those persons Regents ofSpeirst
We have no hesitation in saying that, obedience
to an authority emanating from such a source is
• treason. What right, except the right of eon.
quest, can Prince Hill have to tie that in Spain
to which the first Councils of the State declare
themselves incompetent ? This aversion :also of
the Councils to act, shows full clearly their opi-
nion of the interference of the french.

[MORNING mummer.]
The sudden and extraordinary depression in
the French and Spanish Funds, as received in
the quotations from Paris in the course of yester.
day, gave rise, as usual, to a. variety of rumours.
The real causes, no doubt, are, first, the new
heavy loan required by the Bourbons ; and se-
condly, the conviction, that the present war
will be an extremely protracted one, and conse-
quently that there' are considerable risks to be
run in the interval. This urgent and large de.
mend for fresh troops, to which we have several
times alluded, bins staggered the confidence of
many hi the issue of the war ; nor have these
fears been in the least allayed by the modest
term of ".army of reserve" being given to these
fresh supplies required for immediate and active
service. Some apprehensions are also entertained
of the result of the hazardous movement ordered
by the French Generalissimo, since his arrival
in Madrid. The' great anxiety of tile Bourbons
lie get possession of the person of King Yerdi-
nand was evinced before the actual commenct-
meta of the war. For this purpose a large sum
of money was placed at the disposal of Bessieres,
with a view to a coup de main, end previously,
the revolt of the guards on the 7th of July,
bad for object to convey away the King to
riance. A French division, consisting entirely
of cavalry, has now been sent off to Seville with
all possible dispatch, under the orders Of General
liordesouille, with a view also 'to' seise on the
person of the King ; an attempt deemed so clan•
gerous in Paris, owing to the distance and the
'mother of men belonging to Villacampa's army,
that a private letter says, a telegraphic dispatch
has been sent oil to countermand, if possible,
their advance, The Spaniards have, however,
been beforehand with the French, by resolving
to convey. the Kiwg and Government to. Cadiz,
under existing circumstances, by far the most
eligible anti safe place. ' The 'population of this
mercantile town is extremely select, there being
very few of the lower orders. The inhabitants
are besides extremely enthusiastic, and Cadiz
bad the honour of saving the independence
of the nation during the last war. The popu.
lace of Madrid and Seville cannot be trusted,
when money and infuriated Priests may be em.
ployed to stir them up. The manotos of Madrid
are a rabble of the most ignoiaut description,
easily led astray ; and their were 'toady to wel-
come the French, owing to the large sums of
money previously distributed among them.—
' These are the temporary friends of the Bourbon
invaders, as long as money can be expected, and
every, thing looks prosperous'; but, let a reverse
come, and they will as soon be converted into
the bitterest enemies. It is of the plaudits Of
this class that the Duke d'Angouleme has hitherto
avuly been able to boast. Amagnificent description