The Sun.
London, England, 1821-10-02 00:00:00

THE ,i;ON D2,N. JQURN A I.S.

DAILY EXTRACTS FROM THE M 11.. N IN G RAPERS,

October 2.

NEW TIMES.]
From Spain there is nothing new, except a re-
presentation, as it is called, made to the King by
the `" Patriotic Society " of Valladolid which
was considered "every moderate." For the most
part it consists of vague and general languaae.
about plots against the Constitution ; but the fol-
lowing passage is more remarkable :—" All these
projects, Sire, directed against the Constitution,
are doubtless cbnceived in the miserable clubs of

a foreign police, and seconded by those who have
a command over the vain, weak heart of your

Majesty. They wish to efface the Constitution
from the Spanish soil, but as it is deeply en-
graved on the hearts of two millions of deter-
mined Spaniardss together with them only can
►t'perish. Such steps lead directly to a revolu-
tion—to a revolution !—how terrible the name
which at once suggests to the mind all human
calamities. It would be horrible and bloody,
for the Liberales of 1821 are not the same as
• thoge of 1814. It is frightful to contemplate the
probable consequences. Revolutions like tem:-
pest strike with their lightnings the most elevat-
ed points. Who then could answer even for the
safety' of your Majesty's person ? It is true,
Sire, that it is sacred and inviolable, bUt.its
idviolability cannot be preserved,' except under
the protecting shelter of order and of law. In a
general upset all are alike in danger ; tle just
Louis, and Robespierre the atrocious monster,
perished in the same revolution. We must speak
to you, Sire, in the language of truth, for perhaps
the time which still remains to us for doing so
is very short."

[TILE TIMES. j
The American papers appear to comment with
much exultation on an alleged improvementin
'the -domestic manufactures of the United States.
The cotton goods of Rhode Island are said to be in
extensive demand; in Philadelphia 4,000 looms
have been set going within six months, and there
is asserted to be aprospect of a still. further in-
crease in those establishments. We are at all
times gratified to hear of any advancement in the
prosperity of the United States. It would re-
joice us for our own sakes, even if we'did not
feel a disinterested satisfaction in their welfare.
Whether, at.the same time,.all things considered,
the application of their enterprise and industry
to manufactures maybe the most likely method
of consulting the solid advantage of an infant
people, is a question which a- few additional ex-
periments may better enable the undertakers and
-their customers to decide. Mr—Jefferson above2s
years ago maintained with great eagerness the ca-
•pacity of North America to manufacture the re-
*qtiisites for her own consumption. The plat was
not s.o much adopted by the. peoplei as forced;
upon. thein; during their last war- with England.
The peace was ollowed by the destruction of
'their. _several companies., The hands now -ert-
gaged are emigrants from this country. Hoist
long their employment may, continue, and to
what extent their schemes
.may succeed, it is not
easy td•cenjecture. But we are not very rash in
pronouncing that the superior weight of British
eapittiV must, for many years at leasti press
h-eavily on the American manufacturer; and that
When under sold, as he is likely -to,be., in every
Market,• it will require a far more .serio.us.sacri-
fCe of self-interest than we have ever seen in the
Consumers of North America, or any.other-coun.
try, to save the workttren of. 'Rhode Island and
Philadelphia from eventual abandonment and
rein.• The paragraphs .we. have alluded to are
published- •in the Nationid Intellikencer, which
leads to a .suspicion that Mr. Munro has revived
the 'disappointed policy of his,.ancient predecessor.

By the last quotation of the average prices of
corn, it appears, that for the week ending Sept.
being the last of the six succeeding. August
15, the. price of wheat was 635. 10d. the quarter;
which is higher, by some shillings, than the
average of the previous week. This, however,
will hate no effect in opening. the ports to that
grain, a contingency which is not now considered
probable, as, since the calculation of the above
average, the prices,of wheat has sensibly fallen.
stronger expectation is entertained with re-
gard to the import of oats_and barley, which are
rising rapidly in the market, and passing' the
limits .of the prohibition price.—We observe that
bat,
pirties; the advocates and enemies of itn-
portation, are not only resorting to, but openly
recommending to their respective partisans, the
ordinary manoeuvres of rival tradesmen—one set.
to produce- an artificial rise, which may give
a premature admission to foreign corn-; the
other, to prevent the price' of the article
from reaching Its natural level ; and thus to
secure to themselves a monopoly of the. mar-
ket, not warranted by the real proportion
between supply and demand. It is evident to
all reflecting men, that no tricksOf any sort will
succeed in producingg-a general or lasting varia-
tion from the true standard in' the market price
of corn. Ile who accumulates immense quan-
tities of the article with a view to raise its value,
must sell in the end for what others will give
him; and that will of course be determined by
their wants, not by his wishes. The more is ac-
cumulated in this manner, that is to say, 'the
greater the eagerness of the speculating merchants,
the more exposed they are to a fail of price, and
the more secure are the public of a plentiful sub-
sistence ; for it cannot be forgotten- *that every
shilling added to the price of grain by the in-
creasing purchases of the merchant; is a'step in
advance towards the admission of foreign corn,
and towards the infallible depreciation of hiS
own stores.—(lbid.)