The Sun.
London, England, 1826-02-18 00:00:00

was adopted ; and had he come down to'
Parliament, and confessed his error, and pro-
posed a measure adequate to the great and over-
powering emergency of the occasion, we would
have been the last to raise a voice against him.
We are only desirous to see the saddle put
' upon the right horse, and therefore, when at-
tempts are made by Ministers to cover up the
part they acted in this dramn, and to cast the
blame upon the English merchant (who at least
whatever may be said had a right to ruin himself if
he liked it, and to speculate in any way he pleased
without reference to the state or the public) we
think it is high time to drop all feeling but that of a
determined anxiety to show the true cause of all
this distress, and tell at once a plain and simple
fact, that the policy of the Administration
worked all the evil ; a fact which a very slight
knowledge of the financial history of England
for these last few years would render indis-
putable, and place beyond the reach of contra.
diction or of gainsaying.
The remote cause of the present distress is the
National Debt, and the stimulating cause was the
means taken to force up the price of Stocks, and
keep down the interest money, when a reduc-
tion of the interest of the National Debt was in
contemplation; that is the truth !!

Frankfort Papers to the 11th of February,
altd the Allgemeine Zeitzing of the same► date,
were received this morning. The former is
totally devoid of any interesting matter. The
lot lowing extract from. the Allgemchze Zeilung re-
fers to the Money Market at Frankfort, and
which it represents AS in a state very little better
than that. of London. Steps are about to be
taken in order to avoid the distress, that it is
feared will necessarily ensue:—

FnAwKronr, FEB. 6.

At the latter end of last week, the heads of our principal bank.
ing houses had a conference, to consult, it is said, on the best
means of averting the future dangers that threaten our place
from the state of the money market and of commerce, and to
remedy the evils which already manifest.themselves. Now as
the last Lottery Loan, negociated by the house of Rothschild
for the Grand Duchy of Besse Darmstadt, is considered as a
real calamity for our exchange, it was a point of special consi-
deration how this evil might be alleviated, and whether it
could be prevented from spreading, by endeavouring to prevent
the continued fall of paper, and to make advances to the
holders that they may not be obliged to sell their paper at
any price. The result of the deliberation is not known, but
it seems that there was a difference of opinion which haunted
the adoption of a definitive resolution. It seems that it
was however determined ibr the present to take paper in depAt
at a certain rate ; and with respect to the Darmstadt
subscriptions, as they arc called, that the bankers should with-
draw from circulation what they hold, in order not to increase
the mass in circulation. It remains to be seen what effect these
measures, if they be really carried into execution, will have on
'Change ; but the notice of them has not yet done any good,
business on 'Change being almost wholly at a stand.

The following is a copy of the Document
which we yesterday stated to have been issued
by the Emperor of BRAZIL as a Declaration of
War against the Republic of Buenos Ayres :