The Sun.
London, England, 1833-08-20 00:00:00

SPIRIT OF TIIF. PUBLIC JOURNALS.

t is to he presumed that we shall hear no more, from
some of the Holy Alliance Ministers at least, in the shape
of remonstrance against any assumed
_interposition of Eng-
land on behalf of Donna Maria. .The: intercepted corres-
pondence which we publ:shed on Saturday displayed, in
tolerably glaring co'oura, the neutral conduct of a certain
Marshal, who, when he last showed himself.off the bar-
haur of Lisbon, was chased an ay ignominiously from the
coast. That correspondence, though not so discreditable
to M. Neumann, who only acted ender the orders of his
Court,' as to Marshal the Viscount Beresferd, who set hi.,
own Sovereign and Government at defiance, in actively
serving a foreign' criminal, condemned by the Britisi
Court and n ,tion as a flagitious rebel, traitor, and
usurper, proved the direct countenance afforded by Aus-
tria, while certain passsgee did that of the Spanish Mi-
nister, to the expedition of Miguelite officers about to set
sail for Oporto. The portion of intercepted correspon-
dence which we published yesterday strengthens.
come links in the chain of evidence previously esta-
blished, and adds several others. It represents the
Ministers of the Allied Courts (" the great
Powers") favourable to Miguel, as requiring copies
of all the rebel correspondence from Portugal,
addressed to the agent of the Usurper at Madrid,
to serve as grounds of charge against England for the
favour shown by her to his enemies. It represents M. Zea
4, penetrated by the most profound sorrow fur the loss of
Miguel's fleet," and " highly irritated at the conduct of
the English," the same M. Zea declaring that it was now
more than ever necessary for all to labour in defence of
the just cause," which just cause he explains to mean the
support of Don Miguel's usurped dominion, the overthrow
of which was to render Portugal " the victim of all the
revolutionists of Europe." The correspondence under the
signature of Gomez, the Miguelite agent at the Court of
Ferdinand, further describes the writer himself as com-
posing Miguelite articles for the Madrid Gazette, by the
express authority and desire of the Spanish Minister
'ea! The said M. Zea, therefore, we do suppose,
will have the modesty to refrain from any future re-
monstrances to the British Governmedt, in respect of
its non-nentrali!y. But a curious part of this correspon-
dence is the letter of a M. Reynet Dupre, one of the officers
engaged to serve under Marshal Bourmont, addressed
to the latter from London. If the letter in question he
curious on its own account, it has been made little less
so by the unwitting blunder of an honest printer of our
own, who, by misprinting " Powers" for " Gowers," has
led many worthy people to imagine that the steam-vessel
called the United Kingdom was the joint property of
all the Holy Alliance Courts—an error which we lament
to see that a respectable and grave contemporary of last
night bas adopted, and expended thereon an exceedingly
valuable article. The author of the letter which has
experienced the above casualty, goes on to describe his
own position and feelings. lie states, that when, after
many difficulties, the steam-vessels were all ready for
sailing, the news of the destruction of Miguel's fleet came
upon him and his comrades like " a clap of thunder," and
poor Admiral Elliot was forced to fid up his flag—the
grod ship " Contingency," on which he had prepared to
hoist it, having foundered and gone to the bottom. The
place fixed upon for M. Dupre, Iv., to land, appears from
his account to have been Vigo, that very Spanish port
from which Ssrtorius had been officially expelled, by
orders of M. Zea Bermudez, and under threats of inhospi-
table violence. Then the Spanish Government was to he
44 secretly" informed of this propitious advent, that the
authorities of the upright Ferdinand might " not only
tolerate but protect" it. Upon the whole, there might be
got up a "mighty pretty quarrel" with the wretched
Ferdinand nut of the palpable materials furnished by the
friends and proteges of his favourite, or rather reigning,
Minister. But it is not worth our while : the game ap-
pears to be up with Miguel. The young Queen is about
to he acknowl.dged by the Government of Great Britain,
and of course by that of France; and it gives us much
attisfaction to find that the sinister reports which have
been circulated with regard to Pedro's views, have sprung
no less from the perverse folly of those who may be
termed the Portuguese Radicals, than from the subtle and
cunning malignity of the partisans of Miguel. The re-
speetable authority whence we derive that letter assures us
that the intentions of Don Pedro are noble, generous, ten-
der, and paternal, towards his daughter and her rights—
that he is ambitious only " of the glory of restoring his
daughter's thron6and to give back to the country which
gave Li:n birth its ancient liberties and its ancient splen-
dour." We hope a little more.—Times.

The Bank Charter Bill was read a third time last night
by a majority of 95 to 23, or 72. A motion was made
by Mr. Cobbett, and seconded by Mr. Clay, for reading
the Bill a third time that day six months. The ground
taken by Mr. Cobbett was, that the legal tender would
have the effect of lessening the value of money and
raising prices. Assuming this point, he proceeded to
enumerate the mischievous consequences which would
be the rseult of depreciation. Mr. Clay thought also,
that the legal tender would have the effect of limiting
the convertibility of paper into gold. He believed there
was a large majority of persons, both in that house and
out of it, who did not consider the
.bargain an advan-
tageous one to the country ; but he would not have
Beeended the amendnieet had he not found that the great
corporation of the Bank were dissatisfied with the mea-
sure. This led the lion. Gentleman to review the recent
proceedings at the Bank meetings, and the question as to
the right of establishing Banks within sixty.five
miles of the metropolis. The Bank bad said that
they had submitted to the ratification of the bargain
for the public good ; and he wished to relieve them
from all such disinterested care and concern for
the public interests. The Bank have found that
they overdid the matter when they iuveighed so
bitterly against the Government. The two gentle-
men—Mr. S. Loyd, and Mr. J. A. Smith---who
allowed themselves in the heat of debate to use some rather
strong language in speaking of Lord Althorp at the Tues-
day meeting, had the manliness to express their regret at
the Friday meeting. The Bank, finding that their threats
produced a contrary effect to that which they intended,
and that the public were by no means indisposed to take
them at their word, backed out of their strong language as
fast as possible. They have done wisely ; for, as Mr. Clay
says, there is a strong party in the country which would
not have been sorry at being furnished with a pretext for
quarrelling with them. Mr. Clay very properly termed
the conduct of the Bank proprietors at the meetings al-
luded to coquetry. As to the legal tender having any
effect on prices, while the Bank is not protected from
paying in gold, we bold the idea to be quite visionary.
In all Scotland a guinea is never seen, but yet prices are
not higher than those in England ; because, were paper to
be issued in excers, in Scotland, the exchange with Lrui-
don would fall, and bills on London would instantly be
demanded, to provide for which would occasion a heavy
loss to the Scotch banks. Lord Althorp observed, that
"he did not think that, while the hank note was converti-
ble into gold at the Bank, it could effect a depreciation
in the currency. Ile conceived that a general rise
In prices, would undoubtedly follow upon a general de-
preciation of the currency—for a depreciation of the cur-
rency could not take place wi.leiut a general rise in the
price of commodities—but a demand would immediately
be made for gold ut the Bank, which would immediately
bring things to their former level." We are astonished
that this position should ever have been called in question.
Can any one suppose that if there should be an over-issue
of paper, and it became profitable to export gold, any
difficulty would be felt in a country like England, in which
contmunicatioa is so easy, in conveying bank-notes to the
places where they might he exchanged ? It had been
absurdly enough supposed by Mr. Cobbett, that the ex-
changes would not regulate the currency, and he referred
to 1825 and 1826 as a proof of that proposition, for the
state of the exchanges did not put a stop to the issues.
But Lord Althorp maintained, " that if the exchanges bad
been in proper operation in 1825, the calamities of that
year would never have occurred. But it ought to be re-
collected that there having been a bargain that year with
the Bank to pay up the .14 per cents., they were com-
pelled to increase their issues at the very time they ought
to have contracted them. If, therefore, the expe-
rience of these years were quoted, the conclusion
to be drawn from them would not be right."
The question as to the right of monopoly at present
enjoyed by the Bank in the metropolis, and within 65
miles of it, having figured largely in the proceedings of
the meeting of Bank proprietors, was naturally brought
under discussion last night. Lord Althorp said he could
state it a 4 his own opinion—and in that opinion be was
joined by his Hon. and Learned Friend the Solicitor-
General—that any number of parties might carry on
business as a Banking Company notwithstanding the
present Charter. His Lordship admitted that he would
have been guilty of a breach of faith towards the Bank,
if the clause in the Bill took a:rvay any right which the
Bank previously had. The opinions of Sir James Scar-1
lett and Sir Edward Sugden were alluded to
by his Lord.l
ship. They had led him (he said) to examine carefully
the Acts of Parliament which conferred the right on the'
i
Bank. The result of the examination was a firm convic-!
ton that the clause would not deprive the Bank of any
of the privileges now possessed by it. The Attorney and:
Solicitor-General both concurred in the view taken byl
Lord Althorp. The Solicitor-General said, the morel
he considered the question, the inure fully he was