The Sun.
London, England, 1834-08-15 00:00:00

that the liberty of the press differs fiorn all others, in
the sure self-correction of its possible abuses. Politics,
freely and fearlessly discussed, always with the " bane"
present the " antidote." Besides, as was well observed
in the debate, if the great evils produced by the liberty
of the press in France and England were a suffiCient
reason why the press of Spain should be subjected
to a ministerial censorship, then never would a time
come when that censorship should be abolished. All
systems are inseparable from possible, and very fre-
quently partial abuse.
The debate does not give the arguments of the
Spanish Minister against trial by jury ; though it
must have been as curious, as metaphysical, to hear
him declaim against such an institution, from its
effects in England. Trial by jury is assuredly au
instution which we should have thought fitted for
a people in any stage of civilization ; as in all
cases, and at all times, the punishment 'of crimes
would accord with the moral sentimirs of the com-
munity, which is one of the strongest ties that bind a

nation to any form of government.
The love of metaphysical subtleties, and distinc-
tions without differences, in which some great men
among ourselves are fond of indulging, was well ex-
emplified in the first part of the debate about the
substitution of the phrase " absurd administration,"
for " absurd legislation," with the amendment ulti-
mately agreed to, of " departure from ancient institu-
tions." The Chamber took fire at the insinua-
tion that ancestry could be guilty of absurdity in
legislation, though every question which is to come
before them furnishes an additional proof of it : and
this independent of, the fact that laws provide for their
administration, therefore abuses in the latter must
arise from defects and absurdities in the former.

The most important intelligence to the monied int--
rest are the principal clauses of a Bill for the manage-
ment of the public debt, which TORENO, the Minister
of Finance, was to have brought before the Chamber
on the 7th inst. The Bill proposes that the whole
debt of Spain shall be called national debt ; that the
foreign debt shall be divided into two parts, active
and passive, to be put immediately into a course of li-
quidation. The difference between the active and
passive debt •will consist in the latter bearing no
interest ; but to compensate for this, eleven
years interest, at five per cent., will be added
to tie passive debt, and the bonds on it re-
ceived in payment of debt to be now created, or ac-
cepted at their nominal value in payment for the pro-
perty of the Inquisition and other ecclesiastical re-
venues about to be brought under the hammer for
public purposes. It is out of our power. to express a
decided opinion on the merits of a project so imper-
fectly developed, but if any reliance is to be placed on
what is going forward in the City this morning, and
the rise in Spanish Securities, we may state that
it will be advantageous to the foreign holders
of Cortes Bonds. In one point of view, it is
one of the most profound schemes ever contrived for

the abolition of monkish power, derived from pro-
perty, in Spain. The Government, only a few days
since, abolished the Inquisition, and in order to the
sale of the Dominican convents and estates, for
which no purchaser could be found, it adds eleven
years' interest to a part of the debt, and then leaves
it redeemable by the purchase of ecclesiastical pro-
perty. The strife will be between avarice and supersti-
tion, and we. presume it will be a rare case in which
a son of the Church will find himself one-third richer
than he was, and yet be content to remain eleven years
longer in the same state rather than take up his resi-
dence in the cloister of some fat Dominican Abbot.

The arrivals from Spain which treat of the move-
ments of DON CARLOS, repeat nearly the same ac-
counts given in the extracts from the French papers.
The Parisian journals contain no news, with the ex-
ception of some unimportant debates in the Chamber
of Deputies.

Press of matter obliges us to postpone, till to-
morrow, some observations which we had prepared on
the excellent speech of the LORD CHANCELLOR, in
the House of Lords last night, on exposing the ab-
surd way in which their Lordships exercised their
appellate, or judicial jurisdiction.

By the German Papers we learn that Don MIGUEL
is still at Genoa, where he is said to be likely to remain
some time. He is very attentive to the progress of
affairs in Spain, from which country he appears to
receive regular reports.

VIENNA, AuG. 4.—Five per Cent. Metalliques, 98h- ; Four
per Cent. ditto, 88k; Bank Shares, I,232.—Allgemeine Zei-
tung.

Hamburg Papers mention that the cholera has
broken out at Gottenburg, and that the theatres and
all places of public amusement have been closed in con-
sequence. The following are extracts from these
papers :

HAMBURG, AUG. 12.—The Hanoverian Gazette contains
the following answer returned by the Queen of England to an
address from the magistrates of the City of Hanover :
" Your letter of the 18th of July, and the interest therein
expressed at the pleasure I have experienced in beholding
again a revered mother and a beloved relative have afforded
me sincere satisfaction and have again convinced me of the
feelings of true devotion which have ever signalized the city
of Hanover, and the remembrance of which will ever remain
agreeable to me. lam still animated by the hope of soon
seeing myself among you again by the side of our beloved
King, my revered Consort. In the meantime rely upon my
royalfavour and good will. " ADELAIDE.

" Liebenstein,July 26, 1834."
The celebrated Captain Ross has arrived in Hamburg, on
his return from the Northern capital. We understand that he
proceeds with the steamer this evening, to London.

HAMBURG, AUGUST 12.—BORSEN HALLE.—Funds are
heavy to-day at the opening, but improved in the course of the
day, in consequence of purchasers not appearing for Austrian
and Spanish Securities.
Discount, 314,. per cent. End of August.
Anglo-Danish Loan, three per cent 70%
Angln-Russian lO,
Russian Inscription, 5 per cent., 1t,...!it
1 lift°, ditto,l83l
Ditto, ditto, 1834
Certificates
Polish Bonds 1 130-N
13
Prussian 13onds 133:? 1244
Austrian Bank :Shares
Ditto Metalliques . llll4
Ditto 4 per cent. _
Ditto 4 per Cent. (1334)
Spanish 3 per Cwitg
Spanish Cortes (A. F. Haldimand and - ons)
471,4
Ditto 4 per Cent. 5O
Dutch 21, per Cents
i,5
Ditto S per Cents
Portuguese IZegeiicy
—.Hamburg Reporter.
EXCHANGES ON LONDON.
11AN113111M, AUG, 12 —l3 9 ; two months. 13 75i„
ST. PETEfissimill, Auo s—Three months, 10.47-61.
sTocs 1101. M. AUG. s.—Tlr. months, 12 19.
BREMEN, AUG. B.—Two months, 605.
BERLIN. AUG. 9.—Three months, 6 26%.
Hamburg Papers. Aug. 11.
DU I'CH FUNDS—MISTVIIDAII, AUG. 19
Actual Debt, 2,4 per Cent.
Anton Syndic, 4Si per cent. SIR,3 to 91
Mf to, ditto. 3,,4 per cent.
I,oao () 5 per cent
Ditto (F.32W and .833) 5 per cent.
Eschang., en Loudon
Ditto, two months l2 OIS

EXCESSIVE HEAT IN AMERICA.—The heat for
the last three days has been excessive. Each day the mercury
has been up to 92, and as high as 93 in the shade. All animal
strength has been nearly prostrated. Several men and horses
have dropped down on our streets, and expired—some from
drinking cold water, and others from exposure to the heat.
Nearly all the carpenters, masons, and labourers, employed
out of doors, have suspended their work. Such was the gene-
ral prostration of working men the other day, that not half the
usual number performed their daily work. Three labouring
men died of the heat in Hudson-street in one afternoon.
New York Gazette.