The Sun.
London, England, 1824-04-02 00:00:00

' proposition Ferdinand refused his assent, and ne-
gociation broke off. It was easier to dissolve one
negociation,than to raise money from another. The
necessities, however, of the Spanish Government,
induced them to listen to any thing ; and the
English adventurer at Madrid, who has been be-
fore spoken of, and who had been a bankrupt,
offered himself as the agent of certain jobbers
in London, who did not feel themselves bound
by the saline honourable principle of taking
up the old bonds ; and who would, as the
agent professed, advance money to Ferdinand
without imposing upon him that stipulation.—
The result of this propositio❑ is uncertain. In
the mean time, the Spanish Government derives
a temporary support from the bonds which con-
tinue to be issued by M. Guebhard at Paris, and
which are of easy manufacture, as they are only
countersigned by the Spanish Ambassador. None
of these bonds have, we believe, as yet found
their way to England ; but to what degree of
credit they are entitled, either here or elsewhere,
will appear from this statement.

NEW TIMES.]
The British Funds recovered yesterday from
the effect of several idle reports, for. which it
appears there wets little foundation. Consols for
the Account, after being at 954, closed at 95.
In Foreign Securities there Was no material al-
teration. We think it necessary to remind
the holders of the old Four per Cent. Stock,
who are willing to accept the Reduced
Stock, according to the terms of the Act
of Parliament, that it is necessary for them
to give in their assent at the Bank of Eng-
land ; as many persons, considering the arrange-
imut similar to that which took place on the re-
duction of the Five per Cents., where the dis-
sents only were received, have delayed giving in
their assents ; from which circumstance, unless
timely remedied, they will be regarded (probably
against their inclination and intention) as dis-
sentients.

[MORNING HERALD.]
The French Chamber of Deputies has com-
menced its proceedings with great sharpness.
Small as is the number of Liberals, they seem
disposed to fight hard. The only question is,
whether their opponents will not take some oc-
casion to get rid of them in the course of the
Session. The duration of the Chamber itself
may be made a problem. So all-powerful is
the Ultra party, that if the newspapers were not
to report the proceedings, the very existence of
the Chamber wuuld be forgotten in a month.—
The proceedings on the admissibility of Mr.
Benjamin Constant, and their result, prove
that its Constitution is utterly vicious in li-
mine. Every person returned must go through
a scrutiny, called a verification of powers or qua-
lifications, before he takes his seat. This scru-
tiny may be protracted or postponed to an in-
definite time, at the discretion of the ruling party
—and during this interval the person returned a
Deputy is kept out of his rights, if right be on his
side, and the electors are absolutely unrepresented.
Such is the fact with respect to 1v I. A.n-
otervic
redress a
eseems to
ogabist undue
en'tha
that
the
electors'There
is hu'v.eir":
adequate
is scarcely even a specific mode of proceeding,
Complaints are made by Deputies of the grossest
and most arbitrary irregularities during the elec.
Lion—Priests, Peers, Generals, and Public Func-
tionaries are denounced as having used threats
and promises to influence votes. Of 10,000
electors who voted in Paris, 200 are asserted to
have had no title legally to vote ; yet there ap-
pears no specific and imperative course by which
redress could be obtained. The Chamber has
taken all into its own hands. The electors are
nothing. —At the same time the Electoral
Colleges are so arbitrarily governed by the re-
turning officer and other agents of Government,
that power would be even more violently abused
there. Without the right to petition and pro-
duce evidence against an undue return, and an
obligation on the Chamber to receive as a De-
puty the person returned as duly elected, until
he contrary sheuld have been shown, the Re-
resentative system in France rests upon a crazy

'oundation.