The Sun.
London, England, 1835-04-15 00:00:00

THE SUN, LONDON, WEDNESDAY, APRIL 15, 1835.

would ensure the permanency of any Administration
under which it were derived : sensible of this, the
Tories can contemplate nothing but an exclusion from
office equally permanent ; and the loss of hope makes
them bitterly revile the men who snatch hope away
from them. O'CoNNELL is reviled, because of the
good he has it in his power to effect ; he cannot do
harm if he would—the restraining power is too strong!
When men have the worst of an argument they become
eloquent in abuse ; we have only to point to the scur-
rility of the Tories upon this subject, and the exact
value of their opinions may be inferred. There is no
danger to be dreaded. If Mr. O'CoNNELL were
sworn Premier of England to-morrow morning, he
would be powerless to injure. The moral force of public
opinion, speaking through a Reformed Parliament, will
henceforth prove the shield of public safety.

We have received the whole of the Paris Papers o
Monday, together with private intelligence from
Bayonne, to the 10th inst. The adjourned debate in
the Chamber of Deputies on the Indemnity Bill, was
opened on Monday, by several Members, who on all
previous occasions were content with the privilege of
cheering, and recording a silent vote. As most of the
speeches were not spoken, but read, the Chamber paid
but little attention to them ; nor have we been able to
discover that such uncourteous conduct could be con-
strued into contempt for either learning, eloquence, or
common sense. The Hon. Deputies who addressed
the Chamber despised these requisites to oratorical dis-
tinction, or prized them too highly to fling them in clas-
sical profusion before such an assembly. M. GLAIS
BEzoIN, for example, opposed the Bill, and yet with
admirable consistency pronounced it little less than sa-
crilege to go to war with America, forgetting that
France is compelled to choose one or the other of these
alternatives. M. ANGUIS made, or read, a speech
equally distinguished for its want, or its neglect, of
every rule of logic, and every shade of common
sense. He commenced by modestly styling himself
the champion of French independence, and then
recapitulated the leading events of the wars of
the Republic, which, he contended, went to shew that
the United States of America secretly assisted Eng.
land against France. In particular, he dwelt upon
the capture of seven French vessels by England,
which could not have taken place but for the treachery
of an American ship, which betrayed the French
convoy into the power of the British fleet. What the
conduct of the captain of an American merchantman
had to do with the question before the Chamber, ap-
peared only known to M. ANGUIS himself, the more
especially as England was then at war with America.
At all events, the Government of the United States had
not entered into a solemn recognition of injuries sustain-
ed by France, nor signed a treaty for guaranteeing the
the payment of a pecuniary compensation for them.
Others, among the orators of Monday, contended
that America would be content if the principle
of the debt was recognized by the Deputies of
France, and therefore that a grant of one hundred
francs would answer equally well, as the grant for
twenty-five millions. Now, really such chattering about
principles as this, is a disgrace to the Assembly in
which it is uttered. The Deputies of France know,
or ought to know, that the sum at present demanded
by America is not half the amount due to the United
States, and that the reason why more is not sought,
is because that a number of the original claimants,
and their heirs, are now nowhere to be found. The
American Government is not actuated by a wish
to enrich the coffers of the States by the debt claimed.
All it seeks is the restoration of private property to pri-
vate individuals. As a matter of course the longer the
debt was left unliquidated the more it actually
aished, in consequence of the disappearance of ne
of the original creditors. This is a fact which appears
to have been wholly overlooked by the Deputies of
France. They, judging of American policy by that of
their own Government, appear to have considered the
sum claimed by the United States as a largess, which
was to be left at the disposal of the PRESIDENT,
or applied to the augmentation of a secret service
fund, to be employed against the liberties of the
people. The extreme tenderness, and paternal watch-
fulness over the interests of private individuals, which
distinguishes the acts of Congress, seem above the
comprehension of the French Legislature. Had the
debt claimed by America, as due to her citizens, been
due to France, it would never have diminished, because
the Government would not have scrupled to constitute
itself the only creditor, and consequently an undying
one. It was evident from the speech of the Duke of
FITZJAMES on opening the debate, that he regarded
the question in this light. The Government of the
United States acts not on its own behalf, but as the
agent of its plundered citizens. Where it adopts a
different course by appearing as a principal, it founds
its claim on having reimbursed certain of its citizens
for the losses sustained by them, depending on its own
powers as a Government to compel compensation to be
made to it by the States which dared to dishonour its
flag.
But whatever clamour may be raised against the
Indemnity Bill by a certain class of French Deputies,
we presume to think it will be carried by a large ma-
jority. France is in no condition to go to war with
America at the present moment, and even if she were,
a victory would disgrace her under the peculiar cir-
cumstances in which the treaty of 1832 has placed her.
She has herself acknowledged the debt, and profited
to a large amount by the articles of the treaty for
regulating the payment of it. America stands forth
in the presence of the whole world without a stain
upon her honour, whereas France appears in the cha-
racter of a swindler, who, after exacting the fulfilment
of that part of the treaty which advanced her own in-
terests, now refuses to redeem the solemn pledge given
by her to the Government of the United States.
While she was shipping off her Wines to New York
at a rate of import duty which secured to her a market
in which she appeared without a rival, the payment of
twenty-five millions of francs of just debt was
never once complained of. If France wished to act
honestly, and disapproved of the. Ministerial treaty,
why did she not speak out then ? Why did she not
oppose the treaty before she enriched herself by it ?
Or even yet, if the intentions of the Deputies who
oppose the law be honest, why is there not a motion
brought forward for restoring to America all the profits
which France has derived from the treaty, and so
leave the affairs of the two nations in the same state
in which they would have been had the treaty never
been signed ? This would be some sort of guarantee
that the French Deputies were actuated by just and
equitable principles, whereas at present they stand in
the position of men who only want the power to act
with the most barefaced dishonesty.
The evils which beset the KING on the approaching
trials are every day receiving some fresh augmentation.
The Bar of France is highly exasperated at the despotical
violence of M. PERSIL, whom the Ministry, too late,
find it necessary to discard without delay. The breach
between the Peers and the Bar is likewise widening
every hour, so that it is feared it will come to a trial
of strength between them. This will upset the whole
proceedings. It is quite clear that the members of the
Bar cannot be compelled to plead if they resolve to
hold their tongues, and it will not do to put them under
arrest. In short there is no use in hiding the real

state of the question. It is the French KING versus the
French people.
it is rumoured that Marshal MAISON has refused
the War department, and that the office has been ten-
dered to Marshal CLAUZEL, who has not yet decided
whether it shall please him to accept of it. CLAUZEL
is the friend of MAUGUIN, and heads a party in the
Chamber of Deputies.
M. de RIGNY is reported to be ill. He has not
attended the debates in the Chamber of Deputies for
three days. It is confidently whispered that his dis-
temper was produced by a long lecture from his col-
leagues, advising him to be out of the way, for that
Ministerial explanati-ms were constitutionally and effi
cially dangerous.

FRENCH FUNDS.—Paats, APRIL 13.
Five per Cents., 108 f. 107 f. 90c. 108 f.
Four per Cents., 99f. 50c.
Three per Cents., 81f. 85c.
Bank Actions, 1,925 f. —c.
Rente de Naples, 98f. 50c. 75e. 65c.
Roman Five per Cents., 102.
Rente d'Espagne, Five per Cents., 49 %N.
Rente d'Espagne, Three per Cents., 31 30h.
Royal Spanish Loan, 39 48? g.
Rente Perpet. d'Espagne, Five per Cents,, 49 487.
Belgian Loan, Five per Cents, 10214.
Portuguese Loan, Five per Cent., 57% 98.
Portuguese Loan, Six per Cents. 105.
Haytian Loan, 390 f. 400 f.

EXCHANGE ON LONDON.
One month, paper, 25f. 45c. ; money, --f —c.
Three months, paper, 25f. 3214 c. ; money, —f.
—Coors Authentigue
AUSTRIAN FUNDS.—VIENNA APHID 8.
Five per Cents. Metalliques lOl%
Four per Cents.
1327
Bank Shares
—Allgemeine Zeitung, April 9.

Intelligence from the north of Spain to the 10th
inst. has been received, which represents the bellige-
rents in nearly the same state in which they appeared
during the last month. The Election, a Parisian
journal, states that it has good authority for asserting
that Russia, Austria, and Prussia have resolved to
co-operate with England, in putting an end to the war
in Spain by the adoption of measures similar to those
which secured the independence of Greece. It adds that
Lord ELLIOT has been vested with full powers to that
effect—that the first thing proposed is- the Union of
the Flags of Don CARLOS and Queen ISABEL—and
the second, that a marriage shall take place between
the eldest Son of the Prince and the Young QUEEN.
Lord ELLIOT has sent despatches from the Duke of
WELLINGTON to Don CARLOS and General MINA,
but as yet none of them have granted him a safe con-
duct. He is at present at Bayonne waiting answers
from both parties.

Brussels and German Papers have been received.
The Belgian Chambers have been occupied since the
birth of the infant heir to the Throne in preparing ad-
dresses to the KING, on an event which appears to have
well nigh turned the heads of the inhabitants of
Brussels. The two Chambers seem to have vied
with each other in the length and eloquence of their
addresses, and his MAJESTY was so delighted with these
demonstrations of loyalty to his house, that he repaid
them in kind for their zeal, talents and patriotism.
The addresses and answers thereto were printed by
order of the respective Chambers, as it was judged that
their distribution among the people would have a pe-
culiarly happy effect.
The German Papers state that the SULTAN has
ordered his great officers of State not to wear arms for
a month, out of respect to the memory of the late
Emperor of AUSTRiA. This in Turkey is equivalent
to going into mourning for that period.

We learn from the Liverpool Times of yesterday
that the cotton-market in that place is unusually active, •
and the manufacturers in full work, and that such is
the demand for new machinery that one of the chief
houses in that line has received as many orders as it
would take two years to execute. Business is steady
at 'lA.%lds, but neither there, at Halifax, nor at Brad-
there any particular alteration. Wools are in
iity.nand at Bradford, and the Yarn market is rather un-
At Halifax lastings have advanced 55., goods
\-Arlis are sold as fast as made, and the manufac-
,
trir,:; are generally busy. The Blanket trade is brisk
in consequence of large orders from America.

THE FUNDS.-(THIS DAY.)

CITY, TWELVE O'CLOCK.

Our arrivals are of—a
very scanty description ; only one
French mail, with the express from Paris, and no ship letters.
Owing to the great dearth of intelligence, and the suspense
respecting the appointment of the new administration, we are
in a very dull state this morning, both in respect to the opera-
tions in the Funds and commercial affairs ; but it is generally
expected that this state of things will not last long, and that
this evening or to-morrow the newly appointed Ministry will be
officially announced to the public.

TIIE FUNDS.
Consols continued during yesterday firm, and left off at 92
for money, and 92i sellers for the account ; opened this morn-
ing at 924 A• for the Account.
Exchequer Bills have receded Is., 36 38; India Stock,
2571 ; India Bonds also lower, 16 18 ; Bank Stock for Ac-
count, 2164 217. It is generally supposed that the Bank has
resumed its former operations in selling Exchequer Bills.
The Foreign Market left off rather heavy yesterday, owing
to its being settling day to-morrow in the Foreign Securities,
as well as the great scarcity of money, which is at the rate of
5 per cent. discount ; the Hebrews being still absent from the
Market also has an effect. The following are the quotations
of the opening prices this morning :—Spanish Bonds, 671 ;
Spanish Scrip, 81 ; Portuguese, 98i a ; Columbian, 48
to 484: Peruvian, 37 8 ; Differes, 321.
PARIS, BOURSE.-The French Funds are improving, and
the Spanish Differes are receding, owing, it is said, to unfa.
vourable accounts being received from the theatre of war iu
Spain. Latest prices, Five per Cents., 108 35 ; Three per
Cents., 82 5 ; Cortes Bonds, 491; Coupons, 31i ; Differes, 23 fr.
HALF-PAST ONE.

We continue still without any information respecting the
Administration, and the only report we have on the subject is,
that Lord Brougham is to be the Lord Chancellor, with the
seals put into commission.
Up to the present hour we have no political information
from the Continent, and the Funds continue steady with little
or nothing doing; money very scarce.
Consols may be quoted at present at the opening
prices of the morning, 92 for Money and 92i for the Account.
Exchequer Bills lower 35-36 ; India Bonds, 18 ; Bank Stock,
2164 17.
In the Foreign Market the chief business doing is making
up their accounts against to-morrow, settling day. Spanish
Stock, 67i I; Spanish Scrip, Bh. I , Portuguese, 98 ;
Columbian, 48 to f;; Mexican, 47 to f ; Brazil, 86 to ;
Dutch 24 per Cents., 55i 6 to*.
THREE 0' CL 0 CK.

Consols for the Account, 92
THE FUNDS.—C
BRIT'S}

Bank Stook 216%1
3 per Cent. Red. 91%1
3 per Cent. Cons 92
'i% per Cent.
3% per Cent. Red 9-%
New 3% per Cent. 1:99%
4 per Cent. Assented
Dissented
Long Annuities to expire
D.A. 1660 l6 15-16
Oct, 1859 16%
3,, 11560 17%