The Sun.
London, England, 1821-06-04 00:00:00

TilE LONDON JOLittNALS,

PALLY EXTRACTS- FROM THE- MORNING PAPERS,
June 4. • • •

,

_ .
[I3IIITIB4i,PitESS.] • .
Attempts continue to be made in various .Parts
of Spain to overturn the 'constitutional system,
.and restore the
.tyranny under which that fine
country had so long languished ; but the energy
of the magistrates,- and the. activity and-courage
Cif ',die troops, have- obtained many signal sue-
cerzes over the enemies of freedom.
_lt
.is not
/surprising that the mass of the nation, seeing the
pecu:!ncy snch attempts,- aid feeling how
dreadful must be the consequences should the
!con!rirators heCome. Lnlniclable in numbers,
,should evince the liveliest •intlignati-on against all
.nht,r. they may suspect of prOmoting a second r.evo-
jnticn, c.r of'exciting a civil war in the Peninsula.
lament sincerely the excesses that originate in
' this indignant feeling, but the *crime of the people
Is `o(a far Tess" atrocious character than that of
the individuals who strive to cennteract the be-
•iiefits of the:Revolution, and. disturb the tran-.
o,:r3ili'ty of the country,
.-by-organisi:tg -bodes
-armed men against the established form of Go-
vebinent. The- pernicious. activity of these
rebels was increased by the events in Naples,
grid the hopea,.‘t4noie-- derived that the :Allies
suCconr-ftv. Spain, and restore him
to the authoritr. The
:King himself ttiol'll..-;'r;;',.;;::rally believed. to be
fivotirable to the. •—e,.!--of the new system, but
-the hreaking up of the Congress of. Laybach,'
and the determination of the Allies not to meddle
in ,the affairs of the Peninsula, will; we doubt
i'eti-dissipate the bands of marauders that infest
some parts of Spain, and restore tranquillity to.
the country and confidence to the people.

[MORNING IIEiI.ALD.I
SO long as the Government (toes not go into
_the' money-market for a Loan, and sa long as
there is &real Sinking Fund of Four Millions, or
'even One Million, the rise of the Annuities, in-
stead of being beneficial to the Country at large,
is, on the contrary, detrimental, inasmuch as the
.higher the price of the Annuities are, the. slower
Wilt be the progress of the Sinking Fund to-
' wards' the extinction of the National Debt. The
'Right Hon. Gentlema n (Mr. Vansittart) observed,
-thaC•the rise of the Funds had seen beneficial to
• .the trade of the Country ; this position we deny ;
the price of the Annuities, and the price of com-
modities, whether imported or. manufactured,
have nothing to do with each other, excepting
"upon, this apparently paradoxical principle ;
_namely"--that when it is the fashion for those
haVe divosable monies to be mad in the
...93irchase of Annuities, it follows, as a matter of
- coarse, that they cannot go with their money
"Inte depressed market, for the purchaSe either
of home manufactures or imported articles. The
• rise or the fall of the Annuities depends upon
Whether the public have taken it into their heads
= to .buy, or Whether they have taken it into their
!:..ads lb sell, and to either the one or the other
. thity are daily goaded by the stock-brokers,
Whose very living depends on the rise and the
fall of the Funds, improperly so denominated.

[MORNING CHRONICLE.]
The Chancellor of -the Exchequer makes the
*mount of the debt reduced last year .9f-,0,00,.01.7
while Mr. Ricardo makes it 635,000 V.; but, takH
if)g- the statement of the Chancellor of the Ex-

chequer,' we see from it how little reliance is to
~be placed on the declarations of Ministers, when
-tb6y wish to have additional taxes. We were to
a real Sinking- Fund 'of five millions ; and
for this we hazarded the prosperity of some of
the most important branches of our industry.—
The five millions have however, dwindled down
to less than one: The anticipations of the Chan-
cellor of the Exchequer, with respect to the cm-
rent year, may, or may not, be realised., We
hOpe they will, and that we may count on a
Onsiderable.addition to our real Sinking Fund.
--There is yet also ample room for economy ;
for the "country will not be satisfied with the
petty retrenchments which the importunity
of an indefatigable Opposition has, wrung from
''Miaisters. It has been demonstrated that

the rovenue may be much more economically
`collectod. Salaries, too, which were all raised in
conseqtience, as it waS alleged, of the rise of prices,
-ought now to be reduced. It would be well if
-Mr. Gooch, and his brother Agriculturists, could
-be' persuaded that it is by economy alone that we
can hope to get over our difficulties. But there

are yet too many in the country who feed them-
=selves with the delusion, that tlu war prices can
:'still.be obtained for agricultural produce, and
''thattliey have-only. to impose restrictions on the
cOmnierce and industry of the country, to' sue-
coed in that obiect. But the country will never
consent to fuitherrestrictions, or suffer one class
of the cbrrithtinify to ithpoverish all the others,
with the idea of enrichibg itself.