The Sun.
London, England, 1841-04-14 00:00:00

side of the globe. Comparing the two
systems, therefore, of encouraging trade with
our neighbours by a system of freedom, and of
encouraging colonization by a system of restric-
tion on trade with foreign countries, so far as the
wealth of England is concerned, the system of
free trade appears to us of pre-eminent advan-
tage.

We admit that the restrictive system appears
to be more for the advantage of the Colonies, and
of those who go thither to reside. They get
more labour and cheaper commodities than
they otherwise would get. But they drain
England, comparatively speaking, of both po-
pulation and wealth, which she would re-
tain did the absence of restrictions allow the
people to get food in any quantity while they
lived in England, and add to their riches by
manufacturing at home for foreign nations. The
one system would increase her compact strength,
while it would establish friendly relations with
other civilized people; the other spreads her
power over an immense surface, and ensures its
breaking into fragments.
Speaking politically, those colonies do not at
present add to our strength—they do not in-
crease our navy or our national resources—they
have been, in fact, hitherto a drain, and are likely
to be for some time a drain, on the mother
country. New South Wales has been en-
riched and cultivated, in fact, by taxes
levied in England. In case of war with any of
the neighbouring Powers they could render
England no assistance. They are at too great
a distance On the contrary, the national
strength would be . dissipated in providing for
their defence, and. a large part of the seamen
whom we should require for our ships of war,
would necessarily be engaged in distant voyages
to the Southern Ocean. The system which
nourishes these colonies, therefore, at the ex-
pense of free trade with foreign nations, prevents
the extension of our friendly relations with them,
and decreases our ability, when they are hostilely
inclined, to resist them.
We beg our readers not to suppose that we are
inimical to colonies, or wish to check our people
in spreading themselves over the whole globe.
On the contrary, no person feels more delight
than we feel at the prospect of our native lan-
guage being at some period the language of
the great majority of the population of Ame-
rica and of the southern hemisphere. At the
same time we have a predominating affection for
our native island, and would preserve, if possi-
ble, its power and greatness to the end of time.
We object, then, not to the most extensive sys-
tem ofcolonization, voluntarily undertaken, which
is not fostered by undue restrictions on other
branches of human enterprise, forcing capital
and industry into that particular direction. We
object to restrictions on our trade with
foreign countries, and say that one of
their effects not hitherto sufficiently noticed,
and not likely to be, particularly by those
who are enraptured with our colonies, be-
cause self-love will warp the judgment, is to
force prematurely a system of colonization,
which now weakens, and will ultimately inflict
a very serious injury and degradation on, the
mother-country.

Madrid Journals of the sth inst. have reached.
us. The only subject which occupied the public
mind was the Regency question. The advocates
of the single Regency were increasing in num-
bers and influence. The Five per Cents. were at
253 for cash, and 271 at 60 days.

The only Papers published in Paris on Mon-
day were the Constitutionnel, the Courrier
Francais, and the supplement to the Commerce
—Easter Monday being observed in Roman
Catholic countries as a holiday of the first class.
The Chamber of Deputies, however, met on
Monday, and proceeded to discuss the Bill for
Supplementary Credits for the year 1841. The
speakers, up to post hour, were the Duke de
VALMY, M. GUIZOT, M. GouIN, the ex-Minister
of Finance, and M. HUMANN, the present
Minister of that department. The only impor-
tant fact elicited in the debate is contained in
the following extract from the speech of M.
GUIZOT, Minister for Foreign Affairs :

A negotiation is commenced, for the purpose of terminating
the difficult situation in which Europe and France at e placed
by the Treaty of the 15th of July. If the aim proposed be
realised, it will produce two effects :-Ist, to give France the
place which becomes her, without associating her in the acts
an which she has not concurred; 2d, to consolidate the gene-
ral peace, without injuring in any manner either the policy,
honour, or interests of France. The King's Government 13
following up this negotiation with all the care and solicitude in
its power, arid assumes all its responsibility. But the more
importance that Government attaches to its succesq the more
essential it is not to say one word which may endanger its
success.

These Journals contain no other news of any
interest. The correspondent of a Morning Con-
temporary compensates for the absence of intelli-
gence in the papers by the following important
announcement :

The dissolution of the Chamber was decided on in the last
meeting of the Council, and a new political combination of
the h;ghest importance was settled. It was decided that in
the event of the death of M. Pasquier (it appears that he is
very ill, and given over by his physicians), M. Mole would be
named Chancellor of France and President of the Chamber
of Peers. The reconciliation of MM, Mole and Guizot was
effected by the intercession of the King, who is the author of
the combination ; its result would be to rally the Conservative
party and irrevocably to keep out M. Thiers. A seat would
be reserved for M. de Lamartin in the Cabinet.
If M. Pasquier should not die, the King and the Cabinet
will do for him what was done for M. de Semonville in favour
of the Duke de Cazes. M. Pasquier would be named Hono-
rary Grand Chancellor.
The importance of this combination is immense.
The Francois I. packet, which has arrived at Havre, brings
no news more recent than which we have received from Lon-
don. The courier of the United States gives the following
piece of intelligence, which is not mentioned by the English
Journals. If we may believe a letter received at New York,
the grand project of cutting through the isthmas of Panana,
and of opening a communication, by means of a navigable canal,
between the Pacific and the Atlantic, is at length with a pros-
pect of being carried into execution ; this great work may very
well be executed by the French and Grenadine Company,
which has been formed under the direction of M. Alphonso
Morel, a French engineer. The agents of the Company write
that the last obstacle that remained to be overcome—namely,
securing the necessary funds, has been surmounted, and the
works will be immediately commenced with vigour.
A letter from Toulon of the 7th says that the Chiniere
steamer, which left our port yesterday morning for Algiers
with the ma:ls and numerous passengers, was obliged by the
bad weather it encountered at sea to return to port. This
morning it was preparing to put to sea again, when it was run
foul of by the Hercule, of 100 guns, which was likewise putting
to sea. The collision was violent. The Chiniere had its
main-mast and mizen-mast broken, and suffered other da-
mage. As it cannot put to sea the mails and passengers will
be sent by another steamer.
The Hercule is going to join the squadron off the Hieres
islands. The Didon frigate and the Phare steamer went to
join the squadron yesterday.
The Creole corvette, Capt. Despointes, has sailed to-day for
Beyrout, where it will remain.—Le Commerce, Supplement.
BOURSE.—.PARIS, MONDAY, APRIL 12.
First Highest Lowest Last
Price Price. Price. Price
french 5 per Cents ll3 60 113 85 113 60 ... 113 85
436 per Cents ..... It 3 IC3 ... 103 ... 103
4 per Cents 99 40 ... 99 40 ... 99 40 ... 99 40
3 per Cents 7B 83 _. 75 ... 78 75 ... 73
Sank of trance.
Lalhtte Bank 5,0e111. wares 5160 ...516i ...5160
I,ooof. Sh 1062 50 ...1032 50 ...10f2 50 ...1062 50
!4clgian Bank
5 per Cent!. lOll4 1011,E 10114 ... 191
3 per Cents 7l ... 71 71 ... 71
New Loan IUI ... 105% ... 1018
Spanish Active ... 24Th 2.04
Passive 5% ••• ••• S j —•

Portuguese 3 per Cents
Neapolitan lO3 80 ... 1(3 89 ... 83 ,03 80
Roman IC4 104% ... 104 ... 101 Ni

RAILWAY SHARES.
St Germain
Versatlles,R. B 357 50 ... 350 50 ... 360
L.B 250 ... 250 ... 240 ... 242 50
Orleans .
Montpellier to Cette
3, tiSiltllg to Bale 250 ... 260 ... 250 ... 260
45
Rouen 455 ... 455 ... 452 50 ... 250
A USTRI A N FUNDS..—VIR.INA, Amur. 3
rive per Ccats.Metalliquei
kOl4l per Colts. 98%
Three ty:r Cents.
Bank Shares 1032
ril
--Alltemesne Zeslung. AP

STREET ROBBERY.— Yesterday an elderly gen-
tleman was regulating his watch in Trafalgar-square, accord-
ing to the clock of the church of St. Martin-in-the-Fields.
While he was holding it in his hand and winding it up, an
elderly woman accosted him, and put to him a series of
idle questions. She thus engaged his attention, when
a fellow ran across the street, who, pushing aside the
gentleman and the woman, snatched the gold re-
peater from the former and ran assay with it.
The woman, who was an accomplice with the robber, also
made off. The gentleman v% as completely astonished by
the unexpected interference of those unwelcome friends.
So soon as he recosered himself he cried out " Stop
thief." A constable of the A divi•ion came up at the
time and went in pursuit of the thief, and succeeded in
capturing him and the woman. The watch was found,
and the parties were lodged in the station-house, when
two gentlemen camp forward and, deposed to having wit-
nessed the robbery.
RAILWAY FROM ENGLAND TO SCOTLAND.
—The decision of the Commissioners on this subject does
not in the slightest degree alter our opinion of the expe-
diency of a railway from Newcastle to Edinburgh by the
coast line, and we hope and believe that the project will
still be persisted in. The interest of the North Midland,
York and Midland, and Great North of England Railway
Companies, is so deeply involved in the measure, that we
have no doubt it would receive their cordial and hearty
support.—Tyne Pilot.