The Sun.
London, England, 1824-01-20 00:00:00

THE LONDON JOURNALS.

DAILY
Extrilds pow the Morning Papers, Jan. O.

LTIIE TIMES.]
Letters dated tho 9.9 th ult., and received yes-
terday from Cadiz, mention that the expedition
against South America, which has been for some
time preparing in that port, was on the point of
.zit n it was decided that the Asia, the only
hip of .war in the harbour of the first class, was
nut to form a part of the expedition, which would
therefore consist only of the frigates and smaller
vessels. From the quantity of provisions, &c.,
on board, it was presumed the destination was
Peru. It does not appear that any land force
-was to accompany the expedition, the fate of
which, therefore, will probably resemble that of
several which have preceded it, in giving addi-
tional strength to those whom it was intended to
subdue.

Letters from Buenos Ayres of the Bth Novem- •
-her, received by way of Rio de Janeiro, state
that Sir Thomas Hardy, during his late visit to
the Cornier port, has completely removed the ill-
will which had arisen in consequence of the dis-
pute: with Captain Willes, of his Majesty's ship
t✓razen. ►When Sir Thomas Hardy arrived in
the River Plate, the Government of Buenos
Ayres, through a person deputed for that pur-
pose, solicited some expression of opinion on
his part with regard to the correspondence
high had taken place on that occasion ; but
its replied, that.as the affair had by both parties
been referred to the British Government, he
saw no necessity for his interference. On ques-
tioning the messenger what sort of reception
he himself might expect if he paid a visit to
Buenos Ayres, Sir Thomas Hardy was informed
that the Members of the Government were most
anxious for that honour, and that he might de-
pend on every act of courtesy and attention which
it was in their power to offer him. Sir Thomas
Hardy shortly afterwards paid his visit to the
city, where the expectations thus held out to him
were fully realized.—(/bid;)

[NEW TIMES.]
The operations in the Funds yesterday were
rather limited in point of extent : the highest
price of Consols was 894, the lowest price 88ii,
and they closed at 88-; 89. Spanish Bonds fell
about 1 per cent. during the day, in consequence
of their having undergone considerable fluctua-
tion at Paris on Saturday. Considering the
unprecedented rise which took place during
the last account, it is not surprising that the
party called the Bears make every possible'
exertion to counteract the elasticity which pro-
mises to raise the British Funds still higher.
There are, however, several causes in opera-
tion which can scarcely fail to raise the prices
even higher than they are at present. Dur-
ing the war a very large proportion of the
Dividends always went to the new Loans an-
ouaily required by our own Government. Since !
the Peace pi obably not less than sixty or seventy
millions of English capital have been invested
in Loans to Foreign Countries. Some of these
speculations have turned out so ruinously that
people in general begin to he rather more cau-
tious ; as they must invest their money some-
where, they look to our own Funds. This ne-
cessarily occasions a large demand. It is said
that the amount taken by the Public and the
London and Country Bankers on the present oc-
casion Las not been less than two millions ; while
number of Powers of Attorney for the sale of
Stock lodged at the Bank has been unusually
small. On the other hand, the war alarms of The
Courier heiog universally disregarded, no person
has been deterred from purchasing by any fear
that the Peace of Europe will be disturbed. The
stories of hoards of gold and silver in Russia are
received with the same smile of contempt as those
of French regiments destined for South America;
and hostile squadrons fitting out at Brest.

[MORNING row.]
French Papers to the 18th instant reached us
last night by Express. They are barren of poli-
tical intelligence, but contain in its stead various
comMents on the conduct of the Ministers, in
dissolving a Chamber devoted to their interests,
and exposing the superior influence which they
had acquired to the chances which must al-
ways attend a general election. Most of the
Ultras continue to represent it as a riddle
which they cannot understand and the solution
of. which fills them with ill-disguised anxiety.
The. Constitutionnel alone boldly assumes the
part of CEdipus, and undertakes to expound
the enigma, without concealing or eluding its
tn*t.difficult points,' as the following exposition
of the question will show Without any ap-
parent motives the Chamber of Deputies wes dis-
solved ; and yet that Chamber had uniformly
lent itself to all the views of the Ministers, if it
had not even sometimes suggested them. Never
did they find it severe, jealous, or unmanageable.
The majority, constantly strengthened by yearly
ronewals, demanded the Election Law, subjected
the Press to a rigorous legislation, granted almost
without discussion enormous Budgets, protected
the Administration against all accusatory peti-
tions and appeals from electors; permitted levies
of troops and the raising of a large loan, and even
compromised its independence by banishing one
of its owns members from its bosom, and thus
condemning the whole Opposition to silence. How
was it, therefore, that the ministers disbanded so
accommodating a majority ? What more could
they wish to obtain ? It never resisted, and even
anticipated their views : could they possibly
rind it insufficient?—'They did. It was sufficient
to:establish the domination of the party of which
it was composed, but not to confirm and ren-
der it available. Exposed to the vicissitudes
of annual elections, that majority was con-
stantly liable to. be modified ; divisions might
arise in its bosom ; external considerations
might influence its spirit : uncertain with
respect to the future, it might cease to hold a re-
gular course, or be unable to conceive and pur-
sue she execution of vast and systematic designs.