The Sun.
London, England, 1826-01-16 00:00:00

FLUCTUATIONS IN THE FUNDS.

E LON'OON JOURNA LS.
DAILY

Extracts from the Norniv Papers ,Jan. 16, 1,826

, •
EstMINING cnaosaci.x.]
TDE MARQUIS WiLLESLY AND EARL OF
WWI confidently rumoured yester-
day in circleti likely to be acquainted ith the
facts, that the Marquess IfirelleSiey is about to
resign the Government of Ireland, and that the
Eirl of Bristol, 'in the event of his resignation,
will be appointed to it. It Is further stated that
intelligence has been received in town of the Mar-
quess Wellesley's willingness to accept the
Vernmenf of India. An offer of the important
adrninistration of our affairs in India accompanied'
it, seems, the intimation made to the Noble Mar.
guess of the appointment of his successor. And
it is even asserted, that from the satisfactory man-
ner in whichthe'Marquess of Wellesley has ad-
Ministered the Government of Ireland, his Lord-
ship was consulted as to the qualifications of the
Noble Earl about to succeed him, and that his
opinion was highly flattering to the Noble Earl.
The period of life at which the Marquess of Wel-
lesky is now arrived may, perhaps, form a gre-
sumption against the probability of his accepting
the distant Government of India, where, in his
former, administration, he had so much distin.
guished himself. But it is said by the friends of
the Marquis of Wellesley, that he, feels no ap.
prehension on this account, as he never enjoyed
better health than during his residence there. - It
is asserted, that a doubt had been entertained in
the Cabinet as to the appointment of a successor
to the Marquess of Wellesley, and that the
Noble Lords whose respective claims to the situa-
tion were discussed, are the Dukes of Bucking-
ham and the Earl of Bristol. The Earl of Bristol
is brother-in-law of the Earl of Liverpool, who
lately, as our readers may remember, exerted
himself in behalf of his son, Lord Harvey's elec,
tion. It is said that a new Secretary (whose
name we hove not yet learned) will accompany
the Earl of Bristol to Ireland. The above ru-
mours are accompanied with the additional one
that a promotion in the Peerage of Ireland is
likely to take place shortly ; and amongst other
advancements which we have heard,t he Marquess
of Ormonde is set down for a Dekedotn.

[TIM TI Mug.]
The Roman Catholics meet at short intervals
in Dublin, that by breaking the continuity of
their public operations, they may keep the law
at a proper distance. Some of the discussions at
these assemblies might amuse an auditor who
was not disgusted by the frequent violence and
folly of the speakers. Mr. Lawless, for instance,
who likos the stimulus ofa crowded room, took oc.
casino to move on ‘Vednesday last, that instead
of a pound which had already been fixed upon
es the entrance-money, tinarifYlog for admis-
sion to the Association about to meet for a
fortnight before the Session of Parliament, the
ink, of admission each day Should be only
um, shilling, the learned Gentleman de-
claring, at the same time, that he had found
no pure patriotism, except among tint class of
tradesmen hard hit this against the aristo-
cracy, and harder still, as Mr. o*Connel I fancied,
against the Popish Exchequer. ne accused Mr.
Lawless of holding up the proceedings of their
,body to ridicule, and added that they were iii
want of funds towards forwarding their petitions
to Parliament. \V by where, in the name of coot.
rron honesty, are the ton or twelve thousand
pounds whieb were levied by the former Assoria.
? Has that large sum !teen all applied as
,:ecret sel vicil-monpy ? If the fund exists, the
Roman Catholics cmtiot he at a loss for the
means. of Petitionittl% if it does not exist, how
has it been got rid of

(.New Time: es,ll
The'bEctirrenees which have token 'flare at St.
Feterb4rgh, engage genetal attention on the Can-
anent, so well as in this country ? and' the
altitintsta erideavour.to Hitt} in them cautelor
*ifing the most sinister apprehensions,
.bn,t, as we
think with very little ground for their pretended
fears. aCeourit,' 'contained in the E toile of
Saturday (which we received Into, last.nigl4, by
eirpress.from 'Paris), represents the insutrection
of the troops nearly as we had before under-
strsed it to have take-n place ; and the Edi.
for states, that letters of the 29th nit. had
been received from St.,Petersburgh, at which
time tranquillity eas perfectly restored. It
seertis perfeytly clear that Constantine could
not, by any -possibility, ,have, promoted, or con-
ttiviol at, Or heiql in any degree: privy' to, the dig.
turbance at St. l"ptershOrgh. his conduct ren-
ders the mog ditant suspicion, of the kind alto-
gether impio,!;ible. It is to he remembered that
he kid, in agr(!ed, to:renounce the succes.
slot) to the :throne, ritni, that he :renewed this
rafitraciitfiou its the rno3t.positive terms in 182'2.
A,t these periods the soceesqion was a mere eon-
tingvacy, and not a very proknible one but quite
uanxpectedly the Emperor Alexander died at
TAgattrov,„ on the Ist Pticw,mbr. On the 7th of
that ItiOndi Constantino -received tile news at
Worply,; instantly, tiiihout a moment's
hesitation, atni .w,ithont the; mentls of knowing'
wing was 410i143 or Inteeded at St. Petersburgh,
he acts; roily up to the SPCrOI, engagement made
with it's' deptmted brother oepirly three ears be.
fore. L f lie had entertained the slightest wish
or (Joke' to a wend- the throne, he must have been'
lipon: it at the prefienk moment. lle),40, in, the ,
first instance,n t Ono° do hot toremain quiescent.
hyl,,weelt. he received the Hors from Peters,
burgh that he, .was. acknowledged ,at Ymperor.
had then only to acqui‘see in the avowed'
wishes of the empire. Instead of this,, he die.
patched. Isis lirOthoF ,MiChavi With lettersitti the
Erripresq ,Mother, and to t; the Emperor" Ni.
,citajos„ ii,pkorng 1114 ;Atter, in the most urgent.
termsi to accept oatll,.of, submission and
tiOuty. iris 4eterrOttiool), be it observed,
.was,,in,poifst of fact.,„„AaXen:by Constantine two
cittrirbefore the rtevrt of Alexander's death had
"(1 •
ovtp,re S , ,

w. 4,14 433-3. 3 [lift,l2"" 110-391 ,
Last night We raveivadt,tho Paris Papers of
Friday, with the Egoik dated. Saturday. The

`latter contains a circumstantial detail of the,mu-
tiny at St. Petersburgh hi favour of Constantine.
It also notices the receipt of advices from that
city, dated the 29th ult., stating the continuance
of public tranquillity. The narrative of the•mu-
tiny differs in no material point from those al-
ready published. The conduct of the revolted
troops was evidently that of men who expected
to be supported by the rest of the army and the
mass of the people. They must have known that
they were too few in number to have effected
any change by their own power. They marched,
therefore, into the heart of the city without
opposition, and stationed themselves before the
Palace of the Senate, whre they were joined by
some soldiers of the body guard, and welcomed
by the acclamations of the multitude. All
means of persuasion having been exhausted in vain
by the Emperor Nicholas and the Metropolitan
of St. Petersburgh, orders were given at the close
of the day to open the fire of artillery upon the
mutineers, and " in an instant," says the ac-
count, " the square was cleared." The cavalry
completed the work of slaughter, and in a short
time no two individuals were seen together. Five
hundred of the mutineers were made prisoners by
ten o'clock that evening. While these scenes were
transacting in the streets of the city, To Deum
was performing before the whole Court on the
accession of the new Emperor. During the follow-
ing night the regiments of the guard bivouacked
round the palace. The next day Nicholas reviewed
them, and pardoned a portion of the mutineers.
This seetns to he in brief the history of the first
two days of the actual reign of the Emperor
Nicholas. What future consequences may en.
sue from these events time alone can develop...
At present we must be content with knowing, as
the Journal des Debuts observes, that sanguinary
contests have taker' place, and that the army is di-
vided. It yet remains to be seen for whom the
armies at Warsaw, at Moscow, and on the banks
of the Pruth'will declare. The militoryexecution
clone upon the adherents of Constantine at St.
Petersburgh will not insure or facilitate the suc-
cess of Nicholas with the soldiery in the other
parts of the empire. On the contrary, it will in
all probability exasperate them againt him. The
question of the succession is still absolutely
unsettled.

[THE PUBLIC LEDGER.] •
Last night we received 7'lie ilustrian Observer
to the 4th ; Frankfort!!! Papers to the 9th ; and
The Aiken:km Zeitung to the same date. The
Frankfort German Gazette, of the Bth instant,
contains (from lierlio Papers of the sth) the offi.
cial documents relative to the succession to the
Russian Throne, which we published on Saturday
last, They appear without comment, and make no
mention of any resistance on the part of the Russian
troops—two circumstances, strongly indicative of
the rigid surveillance to which the papers of that city!
are subjected by the Police of the Germanic Diet.
Ay the report, however, of the bloodshed Which
stained the commencement of the new reign must
have reached that city, we would infer from'
the want of allusion to it, that the affair was
fully as sanguinary us it has even been hitherto
represented. The Allgemeine Zeitiing of the
Sth has also, by express, news of the accession of
the Emperor Nicolas, but likewise without corn-
, [rent, or the least allusion to any ex traord ;nary oc7
currence—an omission which the Censorship
~es.
tablished overthatJourtrayncomm,m with all the
other Papers published threughout Germany, may
sufficiently account for. In the mean time, Ihis
mystery well , agree's with the dark intrigue
by. which Constantine appears to have been
excluded front the Thrßtle ; and unless he
has the courage to raise the veil himself, none of
the other actors in this strange drama will indulge
the world with a Peep behind it. Ills first
pearance on the stage was probably in; the cha-
racter of a dupe, which his passion for the Lady
to whom Ire is now married, joined to the impro.
which existed at that time of his outliv-
ing 4t ould easily explain ; since which
lints he has been perhaps only a paSsive instrument
in the hands of others. !But if he has that iMpe-
tuosity of character, for which he has obtained
credit, or his wife the least ambition, we may pre,
parenurselves for some resolution on his part, wor
thy of his birth and rank. I n the disposition of the;
Russian Army generally towards him, as well as!
in the feelings of the Polish nation and troops, he'
would find in abundance the requisite materials
to form a party in his favour, should he he. tilJ
04[10 to vindicate his 'birth right. Whoever
iniaginkts that this business is finally settieq,
Semis, to koow very little of the real composition
of Russian sock ty ; and tintless Constantine has
been hitherto stediously belied, he will soon
cease to play the tame and self-denying part
which, in these documents he is made, to perform

LMOILNINO Porr.)

We received last night, by express, French
Papers to the 14th inat. and the Emile pr Satur.
day. With the exception of the latter, which
takes no decided part, they display an extraordi.

_ .
nary degree of unanimity respecting the late
events in Russia. Royalists, Liberals, and Ultra.
Royalists, doubt (he reality of Constantine's
abdication after he had been proclaimed Erupt'.
tor. 'rite grounds on which they• found their
doubts are chiefly these:--list, the absence of
all Acts on the part of Constantine, refusing the
Crown, posteriosly to his Proclamation --Lie only
evidence on that subject being tho mere asset..
titan. of N icholos, a circumstance which we
pointed out in our last as most remarkable and
suspicious. !'fille next. ground is the important
fact skated in every account received from War..
saw, ;that: up to the latest date Constantine had
not caused, his brother to be proclaimed Emperor,
nor the oath of allegiance to be taken to him.
rc Would not such 1111 act•have been the most for.
mai and 4(onvinring renunciation which he could
make • of his rights," asks OR Quotidienno,
cc 'Would not web wexamp)o have demonstrated
his real willbet(er than all written abdieations
Is Volarutno longer to to long to. the hmperor of
Russia, sines nothing is done in it in the name of
Nicholas-; land is.tbe Polish army,, which obeyed
Constantine, ,to be detached. from-, the tnifitekrY
forces of the great empire, slime thetoatKor fide-
iity to the new Emperor has 'not been admit&

stered by its present Chief, the Vicegerent of im-
perial power in Poland ? Some penetrating minds
have looked upon Constantine's stay at Warsaw,
as explanatory of the whole drama. In fact, is
it not almost taking a position, not to quit his
army, and that army a Polish one, to repair to
the Court of Nicholas the First. The latter is pro-
claimed Emperor in the great Square of St. Pe-
tersburgh,—the troops reply to it by shouts for
Constantine. Their aalute to the absent Emperor,
dethrones the Emperor who stands before them.
By a terrible and spontaneous impulse they rise
in arms, fight, and give their lives for him who
will not even see them die. Nicholas harangues
them—he is unnoticed. Michael arrives in the
midst of the tumult from Warsaw. He is repre-
sented as the hearer of reiterated assurances and
acts, proving that. Constantine persists in his re-
fusal to reign. Atid yet, instead of publishing those
acts, and appeasing the soldiers with tke decla-
rations of the man whom they want for their
master, a park of artillery is brought, and dis-
charges of cannon and slaughter fill she place of
those popular acclamations which usually attend
the installation of Kings! During that lime what
was done at Warsaw ? Did the Grand Duke Con-
stantine proclaim his own abdication and the ac-
cession of his brother to the throne ? No ; he
remained in complete silence. Either, therefore,
he does not recognize his brother as Emperor ;
or he considers himself sole master of Po-
land, and of his own authority, without mak-
ing any act of submission to Nicholas, or of
deference to the European Cabinets, he re-
lieves her from all foreign sovereignty."—
such are the statements and views of
the Quolidienne on this important subject,
tvhich it closes with an observation too histori-
cally true not to prove ominous to Constantine,
if he have really abandoned all pretensions to the
Crown. " A Prince who descends from the
throne, even voluntarily, finds at the List step
self-intlicted banishment,or a self-created prison."

Average price of the 3 per Cent. Public Funds,
in each year since 1786, as far as the pur4iases
of the Commissioners for the Reduction of the
National Debt will show :

Aver. Price.
Years ending s. d.
January 31, 1787..75 10 6
8.;74 2 10
9..74 7 9
1790..76 15 11
1..76 17 3
2..84 8 10
3..89 12 8
4..74 19 9
6..66 14 11
6..66 8 11
7..60 2 5
g.. 50 1 0
9..50 120
1800..59 10 5
1..83 3 3
2..61 6 0
3..70 1 2
4..57 3 3
6..56 16 6
PRICES OF

In March, 1703..97
December - 74
Average - 74 19 9
In 23 years (1794 to 1816 in-
elusive) one average . only
reached - 70 1 '2
Six others - 66 0 0
Nine were under 60 0 0
Two of the nine 51 0 0
In March, 1817..68
November - 83
Average - 76 16 0
In .5I arch, 1818..78
September - 74
Average - 78 1 5

Aver. Price.
Years ending s. • d.
January 31, 806..581 14 0
7..61 2 8
8..62 17 3
9..66 11 6
1810. .68 8 1
1..67 16
2.. 63 12 3
3..58 18 8
4..58 15 9
5..66 11 4
6.. b 8 13 9

7..62 1 2
January 5, 1818..76 16 0
9..78 1 6
1820..71 19 3
1..68 12 0
2..74 15 5
3..79 13 0
4..80 5 10

CONSOLS.
In March, 1819..73
November- - 68

Average - 71 19 3
In April, 1420..70
October - 67
Average - 68 12 0
In April, 182 L .72
October . 78
Average . 74 16 6
IdetAogerr 8
il, 1822..79,
Average - 79 15 0
In April, 1423..73
October - 83
Average - 80 5 10

It appears by these averages that the extreme
high prices of 97 and 83 have only beet► main•
tained for a short period, and that 80 may be
considered a high price, as only three averages
(from 1786 till 18'24) have reached that price.
In respect of the great advance of 1817 and
1824, it may he observed, the sudden reduction
in the rate of interest of money operated at both
periods as the principal cause.
Dec. 31, 1828.

TIIE SUCCESSION TO THE RUSSIAN THRONE.
(From the Journal des Debati of Friday.)

PARIS, JAN. 12.—The clouds of the north are
not yet dissipated. The manifestoes which have
been published throw no light on the subject.—
We do not contest the accounts given us of
the proceedings on the 26th of December.—
We believe that peace is re-established at St.
Petersbuigh ; but we know that there have been
disturbances, and that sanguinary contests have
taken place. These facts prove that the army is
divided ; and be it remembered that the army is
not merely at St. Petersburgh, but at Warsaw,
at Mohilow, at Moscow, in the Ukraine, on the
borders of the Black Sea and of Turkey. It is
besides spread over the vast extent of military
colonies, establishments as much to be feared
within the kingdom as without, and 'whose names
recal to our memory the Roman legions of the
frontiers who so often raised or overthrew the
Ctesars.

'rhe sedition at St. Petersbureh, he it success-
ful or be it subdued, is still what it was—ii most
serious event. Its consequences may shake, hut
ought not to surprise Europe.
in absolute governments, an interregnum is a
total revolution. States in which there is only
one power, or where that power is in one roan,
can bear neither delay nor doubt in the suces-
sion. The day on which, the throne becomes
vacant the cenStittnion is changed. All lies_are
broken—the people, instead of obeying, delibe-
rate ; they are to flock without a shepherd!--7,un
army whi: pa at alder-7a chord! without,a God.
To have saved the principle of autocrat go-
vernment, the. Grand Doke. Nicholas, in pro.
claiming his brother's accession, ought to have,
kept a profound secret the singular transactions
of which the Senate was the depositary, as also
tfie negociations which followed it. 'File Russian
nation ought to, have known nothing till the day
when the Emperor Constantine would have made
use •of his power to convey it with the docile
fidelity of a subject, to the second heir'Or
Ander. By this means there would have been no
interregnum.

Far, however, from this plan having bean fol-
!Owed, the word renunciation" was, from the
first, used in the oath required from Russia►. The
fraternal discussions, on which the fate of theem.
Aire. hung, have been carried on in the most open
manner.; indeed, so much ►would hardly have
been made known in alree country. it is easy
to he seen whose interest such a mode of pro.
reeding suited, nor does the Manif•sto of the
Emperor'Nicholas make any mystery of it. It
left fifty millions, of men in suspense as to what
they should do with their allegiance, and upon
their destiny was to depend. it made, in ,the
most. extensive meaning of the an inter.
refine►m.

The first consequences of such a state of things
is, that every man asks himself which of the two
rivals will reign, and then there can be no breast
so bowed by servitude who will not Come to the
next question—which of them is best ? in such
a case 4 suppose the civil authority .withotat force,
thenatiOnbowed down by the eXiSit'lle of power-
ful armies,—suppose theseatid you liave the state
Of things under-the Praetorian bands.
The principle of deSpotic governments has not
alone been misunderstood. Thai of all Mimarchies
has' been mistaken at the same time. 'The' great
law of hereditary right has been violated by the
vague and mysterious renunciation of the CeSil-
rowitch, whei'beihg the legitimate heir to the
throne", has MOuoted even to release. the naiiim
from the oath 'which .Nicholas dernnoded from !lint
Nieholtis in thiS tins thoivil • himself dextrous and
wise. lie knew, according to his own expression,
'' -thar the anterior rentincialion had not the force
of law."' He desired, therefore, a new; potent,
and decisive-resignation. 'ilk proClawaeion
covers to us his designs. lie'iloes not tell us why
his brothel' hns bbt•• faltilhql them. We weiely,
knivvi- that the name of the Emperor Constantine,
to whom one of the most timorous people of the
e,arti, vt: sworn Obedienee.before '6l not
figure in histaq., ht reign of thee new nonarcli
iinre frOtethe'day as hick he hienselide,
Aii4edAtott.be
_was me.rely a si#lptetili
-ject'orilie
Elopirr,; AU this is lull of mystery.'