The Sun.
London, England, 1824-08-24 00:00:00

TliE LONDON JOURNALS.

DAILY
Extracts from the Morning Papers, Aug. 24.

[THE TIMES.]
Those who have the misfortune to be affected
in their interests by the unnatural condition of
Spanish finance, continue, we are told, to agitate
themselves with speculations on a change in its
immediate prospects. A new loan is still the
daily.talk. One of the Commissioners for liqui-
dating the claims of British subjects on the Go-
vernment of Spain, having, according to yester-
day's rumour, been asked by a merchant who
had succeeded in establishing the validity of his
own claims, how the debt was to be satisfied, an-
swered that the Commissioners had no money,
but that the Spanish Government expected ere
long to conclude a contract for a new loan, by
the bonds of which loan the unlucky creditors of
that bankrupt Power were to be provided for.
To any participation in a contract for lend.
ing money to so dishonest and degraded a
debtor as the Treasury of Ferdinand VII.,
we have already stated our objectious with.
out reserve. Nothing can exceed the im-
morality of furnishing such assistance to such
a Government, but its immeasurable folly.
The purpose for which King Ferdinand wants
these three, four, or five millions of English
specie, is one which, if it should succeed, will
inevitably rob the fellow-subjects of the lenders
of more than au equal sum now due to them by
another class of borrowtrs. The millions lent
to Ferdinand go at once for au enterprise, the
direct and exclusive aim of which is to destroy
the independence of Spanish America, and thereby
to wipe off at one stroke of the sponge every
farthing, principal and interest, on which so
many thousand English, met), women, and
chil-
dren, reckon for their subsistence from the Go-
vernments of the new Republics. It is indeed
Self-evident, that for every 1001. now lent to Spain,
she ought to hind herself to pay another 1001. to the
holders of Mexican and South American Stock,
until the whole of their demands upon the quail.
darn Colonies shall have been liquidated—that is,
we mean, provided she succeeds in her attack;
otherwise, we have a pretty strong proof in the
treatment experienced by the creditors of Con-,
stitutional Spain herself, what fate is in reserve,
for those who have advanced money to the Ame-
ricans. if, on the other hand, the Spanish Go-
vernment should fail in this expedition, we ask
any man of common sense to inform us, what is
the value, per million sterling, of any new Bonds
to be issued by Ferdinand, on the security of his
F:uropean crown, or—still worse—of his personal
promise ? Will he mortgage America to his
English creditors in case of the sujugation of that
continent by his arms ? He may, we doubt not,
swear to any thing ; but suppose him once more
Autocrat of the New World—will he notexclaim
that it is beneath his dignity to fulfil a pledge
which his Royal necessities have wrung from him ?
Will he, at all events, mortgage the domains of
the Spanish church ? lie did so before ; and soon
run his knuckles through the parchment : what Is
more, if he had not, the Monks would have poi-
soned him, or the Holy Allies have cast him to
the other wild beasts whom they have lot loose
upon the Peninsula. It is, on the whole, alto-
gether ridiculous to suppose, that any one re-
spectable capitalist in Europe will lend his as-
sistance to reward the rogues of Spain for their
unheard-of profligacy. Who the parties are that
offer themselves for so illustrious an undertaking,
nobody can yet declare. Are they in connexion
with the M. Ouvrard who so distinguished him-
self about six months ago by a similar attempt ?

kaiORNING P0151`.1
A series of t e This Pernamimeana to the
4th of Jinn, brings, under the head of North
Ventilra, an account of hostilities having com-
mence(' between the Serviles and the Liberals,
in the environs of Itabninu, the seat of the Pro-
visional Government elected by the inland towns.
It,ls stated that on the 24th May 500 men,' con-
slating of the troops and militia in Viler do Pilar,
-find of all the, ruffians in the prisons of the town,
approached Itabaiuna with two pieces of cannon,
which. played for some time, though to very
little purpose, upon the Liberals, who, on des-
crying the enemy, had,:to the number of 1,500,
taken up strong positions. At nine in the morning a
most obstinate action began, in which the Servilei
were so roughly handled on, ull points that they
called for a suspension of arms, which being ac-
ceded to by the Liberals, one of the best Officers
of their party, Lieut. Silva, wns prevailed upon
by the Servile Captain Franca to accompany him
to his own side of the field of battle, where he
Was treacherously killed by a pistol shot. Ex-
asperated by this perfidious deed, the Liberals
advanced upon the enemy,and about four q'cicick
compelled them to retire in great confusion, leav-
ing one of their cannon behind, end the field
strewed with dead bodies, and carrying .away a
number of wounded. On the following day the
conquered abandoned Viler doPilar. Thff killed
amounted in all to 113, t).3 of which, were U.
here's. 'f he latter also sustained considerable
damage from the sucking of part of the town of
Ilabitieng, which was mercilessly ravaged by
the militia, while the other troops were engaged.

NC/KNISH HERALD.]
From the letter which has been addressed by
tin Governor of the French West India islami
of Martinique, o General Paez, the hero of Ve-
nezuela, we should, be inclined to the (*pion,
that the French are making preparations in that,
island to render assistance to the Spaniards in
their probably contemplated attempts to re-pos-
SeSS thertOwitrek of their "coloides.• rtia assertion
of Count Doo,zoot is, that the troops newly Ini•
ported there are for the better 'security 'of the
iSland, and that the vessels newly arrived are to
better protect 'French and other vessels from
the depredations of Privateers, we do not believe
.butoil the contrary, we think these ttsser
tions are just groUnds for apprehending
that 3 the French are bent on helping the
Spaniards,: It Is the tact of the-French Govorn.
meat, when it is about carrying any scheme