The Sun.
London, England, 1846-06-25 00:00:00

Madrid papers of the 18th have arrived. The only
intelligence that can be gleaned from them is that, for a
wonder, tranquillity prevails throughout the length and
breadth of Spain.

MADRID BoLSA, JUNE 18.—The Three per Cents.
were done at 33i for cash and 33 7.16 for paper ; the
Five per Cents. at 201 for paper ; the Debt without
Interest at 61 for cash, and 6i for paper ; the shares of
the Bank of San Fernando at 280, and those of Isabel
at 96.

Letters from Rome state that the number of cardinals
assembled in conclave for the election of Pope was fifty-
one. The news of the election of Pius LX. was received
with acclamations by the people of Rome. The en-
thronement of his Holiness took place on the 17th. The
first Ambassador whose felicitations the newly elected
Pope expressed his desire to receive was Count Rosai,
the French Ambassador. His Holiness, in his reply to
the Count, expressed the most friendly sentiments
towards France.

The Universal German Gazette publishes a letter from
Posen of the 17th inst., which says that the son of Count
PONINSEY, who had taken a passport at Berlin for Po-
land, fur the purpose of visiting his father's estate, had
been arrested at Kaliech and taken to Warsaw, where the
Governor declared that he should not be released
until Prussia gave up the Pole Domnaowsict,
one of the chiefs of the late insurrection.

We have received the Paris papers of Tuesday.
The Epoque, which is the organ of the G vizor Minis-
ry, contains an article on the refusal to give an autho-
risation for the meetings of the Anti-Protectioei is
League in Paris. This article, which we give below, is
important, as showing that free-trade principles are
making progress in the French Cabinet, which by this
article may almost be considered as a Governmental
manifesto, plainly refuses to identity itself with the
protectionist party. The cause of free trade has every-
thing to hope from the liberal commercial tendencies of
the Government, as shown in this article:—
" Certain journals assuming to themselves a monopoly of
all liberal sentiments exclaim with great indignation against
the refusal of authorisation or license to the Association de
la Liberte des Exchanges.' We cannot participate in their
alarm, nor discover that the progress of our industry or
commerce is compromised by the refusal of which they say
so much. As a first ground of consolation, we offer to them
the example of the calmness with which we have received
this measure. They may say to themselves, that having
seen with a lively pleasure the formation of this association,
that having hailed its birth with favour, we should have
been seriously afflicted if any misfortune had happened to
it, that its existence cannot be really threatened as tong as
we do not hear those lamentations and sobbings which are
ever excited by the loss of an object of sincere affection.
We are indeed sufficiently happy to have it in our power to
observe that this refusal which creates so much indignation
in those journals and causes them to tall into such over-
powering grief has not, scarcely in any degree, the lugu-
brious signification they attribute to it. It is in fact in our
opinion quite erruniously that they have considered it as an
act of and hostility to prevailing ideas and to men
wishing to promote freedom of trade, in order to increase
pr..gressively the well-being of the people, the public pros-
perity, the national power. In this there can be nothing in
common with the refusal of a license to an association, even
an association formed with the view of developing a free ex-
change of commodities, sad the convictions of a Cabinet or
a Government on questions of public economy. It is per-
fectly allowable to believe that a Cabinet or Government,
in refusing to authorise officially the establishment of an
association whose avowed object is the promotion of this
freedom of exchange, may be perfectly convinced that there
is much to do to ameliorate the economical condition of the
county. We, fur our part, are intimately persuaded that
there is not in the present Cabinet any blind protectionist—
any one enemy to the progress of political economy. It
moreover seems to us to be very easy to assign legitimate
motives to the refusal given to the Association de la
Liberte des Echanges,' setting entirely aside the direct
interests which the association pursuea. Under a
free constitutional government, with representative
institutions of a very democratic character, private
associations are certainly not the only forms and
instruments necessary for realising the desires and
wants of social progression. These objects have
other means of realisation. To obtain this what is there
need of more than the councils of arrondissement, the coun•
cils-general of the departments, and the three councils-
general of agriculture, manufactures, and commerce, with the
Chambers of Commerce and the commissions incessantly ap-
pointed and consulted by the Ministers, together also with
the right of petition, with the agency of the press and the
tribune, with the influence of public opinion, Queen of the
world, with, in fine, the irresistible power of the majori-
ties in the Chamber? Let us then acknowledge in the ful-
lest feeling of consolation and even of pride, that France, in
order to amend her laws, to improve her habits, her arts, her
commerce, and general industry, is not reduced to such a
hazardous state as to require the union of a certain number
of persons under whatever denomination npou any one point
of her territory. Let the Parisian journals be fully convinced
of this, and pursue their vocations in peace. We can safely
promise them they will not lose their time and labour, and
when the day comes that they can consider their plans to be
worthy the civilisation of France and Europe, they will have
at their command every means of causing them to be accepted
by a happy and grateful people."

• .
The Chamber of Deputies on Monday held its last
sitting before the official termination of the session.
The Chamber of Peers were engaged in discussing the
Bill for an extraordinary credit of 93,000,000 francs for
the navy. In the course of the discussion Count
BECONOT, M. DE MONTALEMBERT, and several Peers,
txpressed their desire to see France a first-rate naval
the e power,es andst of Atlh.euzmeCdAitSraLnLettAlNininlasdisdrietdioonntothTeonueiceonts. iotyOf n
constructing
The m ciravnuuobtbhliiieschr
;nsvaaovralruoy royal
. arsenal and dockyard
the ordonnance, charging
Ministeruf
Poufbric Instructiu: wdiuthrinthge pthoretf(adbioseonfuethofe
Ministry
the Count nt SALVANDy.
M. P. DAVID, Deputy for Calvados, and formerly
French Consul-General at Smyrna, died in Paris on
Sunday.
31. DE LIMARTINE has left Paris for Italy.
It was rumoured in Paris that it had been agreed be-
tween Prince METTERNICH and the Papal Nuncio at
Vienna that the Austrian forma in Italy should be aug-
mented by 10,000 men.
On Tuesday a grand mass was performed at Notre
Dame, on the occasion of the decease of the late POPE,
at which all the Ambassadors in Paris representing Ro-
man Cittoli, S,,vereins were pt,b,'T)l.
The steamer Cuvisr arrived at T,,tilon on the
equadron of evolution was then at Palma, th 9 cacitill of
with dispatches from the Prince DE JOINVILLE. The

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tutional principle, we should never have been
haunted by the dying groans of OTWAT, or the
emaciated and hagard visage of CHATTERTON. Had
there been some rational allowance made by the
State for those who are struggling in penury through
the treasures of intellect, the bloody and horrible
morning terminated
cathetastcraorepheer wohficpoh
or HAMoybondaNy
might have been
prevented. And surely we are not endeavouring to
extort an exaggerated moral by merely playing upon
the sensibilities of the people when their hearts are
wrung and their imaginations inflamed by a spectacle
of such ineffable desolation and despair as that of the
suicide of this most remarkable man ! Surely there
is a tendency to commisseration in the mere retro-
spect of the evil against the existence of which we are
Inveighing; surely there is a mournfulness and a
rationality about it, altogether irrespective of any
temporary cause of incitement to those sentiments!
Can any one remember the premature decay and
the torments of involvement which had ren-
dered the death of JOHN BANIM inevit-
able before the Government vouchsafed him
the miserable pittance of 1501. a year, without feeling
the horrible consequences of this legislative apathy ?
Can they remember the death-bed of THOMAS Hoon,
that saddest death-bed poet ever came to, without
mourning that the pension to his widow was only
sealed by his last breath ? When we find, indeed,
that 9,6741. is all the money annually
conceded to literary, scientific, and artistic eminence,
and that one hereditary pension alone from the Excise
revenue (and in recompense for no good service
whatever), amounting to 10,5841., is paid yearly
into the pocket of a Noble Duke, we cannot
but revolt at such a disproportionate distribu-
tion of the national funds. In the lament-
able self-destruction of LAMAN BLANCHARD,
only the other year, an instance was afforded us of
the fearful effects of thus contemning the unfriended
worshippers of knowledge. In the recent calamity,
so analagous in some particulars to the preceding, the
truth is forced still more vividly upon our conviction
that the contingencies of poverty to intellectual men
should be foreseen and prevented. Unless some
effort in behalf of our militant and suffering genius
be officially made, the blood of our men of arts or
letters, shed by themselves in the madness of destitu-
rion, will continue to be an indelible stain upon
the Legislature. The Premier has, in this
recent case, been preserved from the possibility of
having any stigma of neglect cast upon himself.
by an act of genuine benevolence, which would never
Nave been revealed but for the unanticipated decease
if the historical painter, and which will serve to
stabilitate the popularity and assure the love of the
deople towards ROBERT PEEL; the more espe-
cially so sts this beautiful and affecting instance of
generosity is simultaneous with the malevolent and
vulgar derision with which he has been himself
treated. From that unfinished painting of " King
ALFRED and the First English Jury," before which
eras discovered the dead body of HATDON, shall we
not draw a moral ? Must genius still continue to
starve, and become madmen, and commit self-murder?