The Sun.
London, England, 1826-11-02 00:00:00

tectual actence of a COnStifutiaid tovernmenl.
Most of the errors t'bininitted in Spain, were
then fallen Portugal ; from a form of Go-
verinnent in which the Court Was every,ibing,
she precipitated herself, like B`Pain, into one in
which the KIN Ivas l oo little. On his arrival from
Brazil, ..Totlisi VI. was in a situation nearly similar to
that of FERDINAND VII.; but, with this difference,
that difficulties which were aggravated by the charac-
ter and connexions of the latter, were softened by those
of the former ; and, through the continued maintenance
of relations with England, it is probable that a better
state of things would have been brought about, with-
out the reaction of 1823. When, however,, the con-
stitutional system was put down in Spain by the armed
force of a foreign power, the same return to absolute
monarchy took place in Portugal, through the opera-
tions
of a party, which sought the advancement of its
own interests, and which was able to persuade the
army that their interests were the same: Both Sove-
reigns were thus restored abdut tilt same period to un-
limited power., We iltsVe seen the use made of it by
the KING Or BPAIN, with or without the con-
currence of his Ally. Widely different has been
the course of the KING of PORTUGAL ; and
yet, in some respects, his situation was less advan-
tageous than that of his neighbour. He was in
danger of becoming the captive of those who had
restored his absolute sovereignty for their own pur-
poses only, not for his sake or that of the country :
he was not upheld by the presence of a foreign army,
which, whilst it left him in the undisturbed exercise of
his authority at home, would suppress at the instant any
opposition to it : he had no immediate protector ; he
had only a faithful friend and a wise adviser ; but this,
with his own character, turned the scale wholly in his
favour; be prepared to do that which his own son has
perfected ; and Portugal has now a Constitution under
which it may attain and secure all the happiness and
prosperity which attend a well ordered free Government.
There are still, however, some difficulties and dangers
to be surmounted. Her system is offensive to her
neighbour, and not perhaps quite acceptable to some
other powers. She has yet more dangerous enemies
at home ; some members of the Royal Family sigh for
the fancied enjoyments of despotic power; some
Nobles seek the substantial advantages which may ac-
crue to them from being the Ministers of an absolute
SOVEREIGN; and many officers and soldiers are
persuaded that their individual interests are at variance
with those of their fellow citizens. But let us hope
that these obstacles will be surmounted. England has
thrown a shield over Portugal which protects her from
foreign interference ; and we trust that domestic oppo-
sition will be subdued by the wisdom of her consti-
tutional Governors, and the patriotism of her
people, aided and enlightened by the Countenance
and advice of her true and ancient Ally. We have
sometimes wished that, like her neighbours, she had
received something more than advice and countenance
from her Ally ; but if with these only she succeeds in
her course, and her Constitution be maintained and
firmly established, the contrast,. which we have amused
ourselves in contemplating, will only be the more
instructive. May such be the result ; and may that
leading feature of the contrast, to which we have re-
ferred, never be forgotten by 'Portugal ; the advan-
tages of her connection with an Ally, who has never
had any other object in view but the amelioration of
her condition, who has been limited in the extent of
her aid only by a respect for her independence, and
with whom it may be hoped that she will, long, very
long, be bound by the ties of friendship and alliance,
constitutional sympathies, protection, and good offices
on the one side, and confidence and gratitude on
Le other.

The fears entertained for the safety of the Jamaica packet in-
crease, and policies were yesterday effected on property by her at
Lloyd's at ten guineas per cent. whilst the original insurances
were effected at twenty shillings per cent.

THE FUNDS.

CITY, Twelve e` Clock

Consols have been 8l 2 for account, but have gone back to
811 i, with little business ; the premiums on India Bonds and Ex-
chequer Bills have declined to 38 40 for the former, and 20 2 for the
latter, from the fear of the Government throwing a supply on the
market, and this circumstance has been the cause of checking any
marked rise in Consols. In the Foreign Market every thing is
flat and a shade worse than at the opening this morning; Mexi-
can Bonds 'are about per Cent. lower, and arc now 63 ;
Colombian, 381 t. Shares remain with little animation, and no
decided alteration since yesterday.

Two o' Clock.

No alteration has taken place in the price of Consols, they
have been with little variation 81 il for account the greater part
of the morning ; 4 per Cents (1826) 96i ; India Bonds have
fallen to 36 27 ; and Exchequer Bills to 19 20 premium ; Mexican
Bonds are rather better at 64 ; Colombian remain stationary at
38 I ; and Greek at 13i 14.

THREE 0' CL 0 CIL

Consols for Account, 81i +.
FOUR o'CLOCIC—CLOSING PRICES.
Consols 81i Danish Bonds 59
Do. for Ac. 81+ Greek Do. 1825 13+
Brazilian Bonds Mexican Do. 1825, 63+
Buenos Ayres Do. Peruvian Do. 30+
ChiEau Do. 37 Russian Do. 84i
Columbian, 1824, 39 Spanish Do. 11+

SHIPPING INTELLIGENCE.

LLOYD'S.—(Tuts Diy.)

.....
Dr .m., Nov. I.—Wind N.W.—The brig. Thomas Laurie,
Simpson, arrived last night, sailed from Demerara Sept. 21. On
the 20th, the Margaret, Wrangler, of London, arrived there from
St. Andrew's ; on the 21st, saw the ship Albinia, Shadforth, off
the Bar, from London. The liolyarde sailed on the 18th, and
the Malay on the 20th, for the Clyde. On the 30th, boarded
and supplied the brig, Mary, of Boston, Dyet, for Barbadoes,
on the 23d, in a gale from N.W.
Which had been dismasted
Oct. 13, passed the Lady of the Lake, supposed from India,mradein,
let. 55. N., low* 40. W. Arrived, and sailed for London, the
Britannia, QuellCll, from St. Kitt's ; and Mary Brady,
from Hayannah ; also the Laurel, nervy, from Cronatadt, for
Plymouth ; and Eden, Slade, from Jamaica. Remain, the As-
good,,..i,iea
Leone,
from London. Venderford, fronidn.
ioNew York ; and Briton, Currie, for
several of the outward-
bound,itrarsnbonuai ;al :
,nmdfooraurlseitta:tNicaonitvetl.,isoir......offAwill.riiiePyind:g:ti, Passed,
.Wthe.—celiledutebn
jaae,k,frothete Msiti.llpiame..
Pvqllll:ll;tistemhoe.o lend, Oct, 3 i It7' A
. 8.1 L' The Noura.thal, King, from Genoa, is returned from
PLyl ' 'laded for Southampton.
. Milt, OCT. 31.—Wind W.-.-Arrived, the Priam, from
I.
off the Port, the the Endeavour,
Ptpenvell, and sev ~ .. in" N.--Sailed,
Wales. ",a, Bell, from London, for New South
ca,eriteld lretnonger, from St. Michael's. Arrived

- --- front Gnavlartin Nov. 1.-..-Arrived, the Fame, Banks, ..-, Com_
Aus-
tralis; Eldon,
Oliphant,
_basPian, Reward, Bullfinch, Gunton, and
merce, Clark, from St. Petersburgh; snorts,
Su-
sannah, Birkett, and Constitution, -Mitchell, from Leghorn; n
trepid, Watson, from Orlau ; and the Nymph, from Malaga.
The Sir Edward Banks steam-vease)
,pwhichsailed from
Lon-
den on Saturday, the 2l et ult. had not arrived at Hatnburgh on
the 2Sth ult. and is supposed to have been driven into the North
1 Sta by the westerly winds,