The Sun.
London, England, 1826-02-10 00:00:00

[MORNING POST.]

His Majesty'; Ministers were accused on Wed-
tesday in the House of Commons, by Mr. Cal.
craft, of having exercised an unwarrantable
stretch of authority in prohibiting:, without the
sanction of Parliament, the stamping for the pre-
sent of any more one or two pound Country
Bank Notes. We are not disposed to undervalue

the constitutional jealousy which is awakened
by any apparent assumption of extraordinary or
illegal powers on the part of the Executive Go-
verntnent ;—we consider this feeling, on the
contrary, as a trusty and vigilant centinel at
the outposts of the constitutional citadel, who
had better fall into the error of giving an
alarm upon frivolous or imaginary grounds,
than into the fatal neglect of real and substan-
tial danger. We do not certainly think his
Majesty's present Ministers, likely to attempt any
inroad upon the. Constitution, or any usurpation
of illegal powers, nevertheless we cannot, very
severely condemn Mr. Calcraft, who, in the va-
luable character of a jealous centinel of the Con-
stitution, has in the present instance sounded so
unfounded an alarm. It was naturally to be ex-
pected that many country bankers,as soon es they
discovered the probability of an Act of Parlia-
ment being soon passed to prevent
,the future
issue of stamps for one and two pound notes,
would avail themselves of the interme-
diate time to secure to themselves a suffi-
cient supply of that commodity. Now it is the
declared wish of Government, with an enlighten-
ed view to public convenience and security, that
the one and two pound notes now in circulation
should gradually wear 'themselves out, so as to
avoid any violent shock from the sudden prohi-
bition of this description of currency. Is it not
quite obvious, if the country bankers had been
now suffered to take their own measures without
obstruction, that this most prudent and beneficial
resolution of Government might have been to a
great extent defeated? With/an unobstructed
access to stumps., they might in one week have
furnished themselves with the means of keeping
up an undiminished circulation of small notes for
two or three years. Would it have been proper
or prudent to leave this power in their hands ?
We are told that all the mischief might have been
legally and constitutionally prevented, by hur-
rying a short Bill through the two Houses of
Parliament. It may be reasonably doubted
whether Parliament. would have given so very
prompt an `acqniescence- to such a Bill. The
opinion of Parliament has not yet been taken, and
may possibly be far from unanimous upon the
main question. Bow could it then, we ask, be
called upon to pass a short Bill, prepara-
tory to the introduction of, and in principle
identical with, a further measure, the merits of
which measure were as yet unrecognized by Par-
liameht, and which, in truth, had been only par-
tially explained, but not all distlu9sed ?, To ven-
ture thus to call upon Parliament for a pledge—
to,r it would have been no less-s-in favour of a
system hereafter to he explained and debated,
would have argued a contempt for the gravity,
and wisdom, and independence of the Legisla-
ture, which we trust no British Minister will
ever he found to entertain, The. case, we think,
was one of plain necessity, requiring Ministers to
'act promptly upon their own official responsi-
:bility. They have the manliness so to act, con-
fident of the candid and liberal construction of
Parliament and of the country. They will not
be disappointed.

[mew *Times.)
We abstained -from reprehending the coarse
but impotent attack of the Times on his Majesty's
Ministers on Wednesday ; hut a repetition of
this impertinence having occurred yesterday, we
think it right to notice the petty, contemptible,
nature of the remarks. On Wednesday the Mi-
nisters were charged with dullness, and yester.
day with false grammar. The alleged gramma-
flout error consisted in printing " bank" ibr
14 banks," which, was a mere fault of the tran-
scriber or compositor ; the other suggestion was,
that a ,dispute had taken place between the Go-
vernment and the Bank ; \Odell was utterly false.
To what wilt these calumniators next resort ? ft

is a disgrace to public taste that so low and igno.l
rant a journal should obtain the slightest patron-
age. The writers in it, 'while they exhibit a
wretched defect of education and 'ability them-
selves, presume to reprehend men of the first
talent and information in the kingdom, and this
they do in a style which would disgrace the nur-
sery—what wretched stuff is the following pas-
sage—" Could not you, pink of prosperity,
Freddy—could not you put in one little remon-
strance in behalf of the commonest rules of gram-
mar and syntax ; or was the obstinate old Go-
vernor determined to treat Priscian's head, as he
treats those of the Governor and Deputy Gover-
nor of the Bank of England with hard thumps
and clumay blows." The distinction between
grammar and syntax is profound—" Freddy,"
be it known, is the Chancellor of the Exchequer,
and " the obstinate old Governor is Lord Liver-
pool !"—Really Cobbett is a Gentleman, to this
low scurrilous buffoon !

[BRITISH PRESS.]
The Paris Papers of Tuesday arrived last
night. The Moniteur contains a Royal Ordi-
nance of the sth of this month, relating to the
Tariff now in force in the Islands of Martinique
and Guadeloupe, and the commercial regulations
in those Islands. Nothing passed on Monday in
the Chamber of Deputies beyond the communi-
cation of the King's appointment of M. Rayner
as President. It is remarked that General Se-
bastiani, who has succeeded the late Gen. Foy
as Deputy for Vervins, has taken his seat in pre-
cisely the same place that his predecessor occu-
pied.—The news from Greece is highly favour-
able to the Patriots. Advices from Corfu, dated
the 3d ult., announce that Colocotroni has been
appointed by the Government of Greece Gene-
ralissimo of the Armies of the Peloponnesus, and
has put himself at the head of 8,000 men,march-
ing on Tripolizza, with a resolution to carry it
by storm. The same accounts confirm the intel-
ligence that Colocotroni had taken Tripolizza,
and that the garrison was put to the sword.—
Other letters state that 3,000 men perished.—
The Greek fleet still remained before Misso-
longhi, which had provisions for two months:—
The Austrian Observer publishes a more de-
tailed statement respecting the part taken by
Prince Troubetskoi in the late Russian conspi-
racy.

REPTIES'ENTATIVE.I
In the House of Lords lust night, the Mar.
guess of Lanstlown moved for an account of al
the Bank Notes, &c. issued by the Bank o

England, Scotland Ireland, and also by all the
Country Banks each year from 1819 to 1825 ;
and also a List of nil the Bankruptcies of the
United Kingdom, distinguishing sucl► as had
been Bankers. In the House of Commons, Mr.
flume moved for returns of the number of Country
Banks which have respectively become Bankrupts
since the year 1816—the names and number of
partners in each—amount of debts proved—and
dividends paid. Mr. Ellis also moved for a return
of Bank of England Notes, in circulation on the
Saturday of every week from the sth of April,
1825, to the 4th of February, 182.0. The mo-
tions were agreed to in both Houses.

Although the frontiers of Russia are so rigor-
ously guarded that external communication might
be thought impracticable, travellers do, neverthe-
less, contrive either to e hide, or to lull the vigi-
lance, of those to whom the charge of intercept-
ing correspondence is confided. in a private
letter, dated from the Spree, January 28th, it is
stated, that intelligence from Russia had pene-
trated to that quarter, communicating the fact of
serious disturbances having broken out in dap.
rent parts of the Russian. Empire, particularly at
Kiew and Monilow. These statements are corro-
borated by the Paris Journals of the 7th and
Blth, and also by Brussels Papers received last

iTur. PUBLIC tEDGER.I
AS it is.very genetally believed in the hest.in-
formed circles in this country, as well as in France,
that the Spanish Court has manifested a disposii
lion at 'lint to terminate its differences with its late
American Colonies, we should wish to know the
motives which have induced it to make this re-
luctant and tardy concession. If the hope of a
pecuniary indemnity be one, we can only say, that
if a third party has held it out, it has taken un un,
warrantable liberty, in thus presuming to prescribe
to the New States the course they ought to follow
in circumstances so.. intimately connected with
their interests and dignity. Wesincerely trust that
this mode of persuasion, if it has been employed
with Spanish Monarch, that it was not done
with the eoncurrence of England ; for, besides
the invincible objection we have just mentioned,
every rational mind will suggest another, almost
fully as strong, namely, the absurdity of the in-
ducethent itself. There was certainly a time,
and dint not very remote too, when the late Co;
lonics of Spain would have paid a very high price
for her recognition of their independence; but in
her insufferable pride, she despised the favour..
nble moment; and when that pride is now hum-
,bled in the dust, by a succession of overwhelming
reverses it becomes her indeed to offer means
which only victory,or at least a capacity on her side
to continue to consent, Would justify I The
period for concession on one port and for indern.
pity on the other, has passed away for ever ; and
if a third partj has acted upon the supposition
that it may be recalled by the legerdemain of di-
plomacy, mortification and disappointment will
be its sole reward. If justice were to be consti.
tuted arbiter between the belligerent parties, and
a pecuniary indemnity were to be of necessity the
award, she would deride at once that it should be
given to the lateColonies,aa a compensation to them'
fur the wanton vexation and expence to which they
have been pia for the last two or three years in
particular. During this time Spain has not had
the faietest chance of recovering her supremacy ;
and therefore the contest has been on her side a
sacrifice to'pride'at the expence of humanity,for
which, if the matter were left to fair arbitration,
she would have to pay a heavy penalty, If the
New States are, therefore, condescending enough
to waive the rights which victory has. con.
(erred (yeti them, we think the Cabinet of

Madrid ought to show its gratitude by an unqua-
lified recognition of their independence ; and if
it were capable of, coming to a right decision, it
would, without delay, make a grace of necessity,
as a Transatlantic armament, handed on the
shores of Old Spain, will otherwise teach that
Power an indelible moral lesson. If the French
Government has, in the way we have stated,
conquered the repugnance of King Ferdinand
to a Friendly arrangement of his differences
with his former subjects, we cannot express
our surprise in terms sufficiently strong, at
such a strange misconception of the cir-
cumstances and feelings of the New States.
it would be extremely convenient, it is true,
for the Cabinet of the Tuileries to obtain
an accommodation of this kind for its ally, in
consequence of its large pecuniary claims on the
latter, and which ithvould take care to see liqui-,
dated,,before a single dollar of the proposed in-
demnity found its way into the Spanish treasury.
But if it must wait for its repayment till this wind-
fall come, it would be well if it put its patience
in requisition, us it might as well hope to level
the Andes, or drain the bed of the Atlantic, as to
induce Bolivar and his associates in arms to offer
a bribe to the humbled Despot of Spain for ac-
knowledging that they are no longer his vassals.
We trust that our own Government has lent
itself to no such arrangement as this, for besides
the mortification, that would enevitably follow,
it might have the effect of weakening the cor-
diality between the New States and this Country.
England can only, with dignity and advan-
tage, interpose between the Belligerents upon
the principle that Spain has forfeited, in the
field of battle, every claim to advantage she may
be tempted to advance in the Cabinet ; and, us
she has hitherto followed this course with so
much honour to herself, it is far from being
likely that she will abandon it now. From
Spain; with her present Government, we must
expect nothing but open proofs of ingrati-
tude, or marks of secret hostility ; and con.
sequeiitly it would be an abuse of our in!.
fiuenco to use it in favour of that Power.—
On the contrary, the New States are connect-
ed with uS by every tie that can render the
connexion beneficial and durable ; and, at this
portentous moment, when there are so many signs
of an approaching storm, of which it is impossi-
ble to calculate the extent and violence, we can•
not strengthen ,too much our friendly relations
with the free, industrious, and rising communi-
ties of the New World. In conclusion, we
• may almost venture to affirm, that pecuniary com-
pensation does not enter, at least as a siue qua
non, into the conditions proposed by Spain ; as
we are given to understand, that her proposals
are to be intrusted to the Minister appointed by
this country to attend the Congress at Panama,
to be formally submitted by him to that august
assembly ; and, perhaps, we have here the real,
if not the ostensible, cause of his appointment.