The Sun.
London, England, 1826-01-13 00:00:00

EIIOIINING CIIIIONICLX.I

It cannot he surprising to see the Money Marke
►► feverish state, when 11e reflect on the info,

once of two important circumstances. The first
is, that the Bank of England must contract its
quantity of paper, issued during the late panic,
or the exchange will go against us ; and they can
only do this by being more limitted in discounts,
by re-selling the Exchequer Bills they bought
lately to relieve the market, and by obliging per=
sons to whom they lent money on stock to redeem
Ihe same. The second is, the certainty of a.large
funding of Exchequer Bills, some of our cotton-
poraries say 13,000,00001., but we say at least
twenty millions (even if no danger exists from
abroad); for no Minister ought to have such an
unfunded debt as now exists in the country during
an unrestricted state of gold currency. if the Mi-
nister means to go back to 1797, and restrict the
Bank from issuing gtdd, then, indeed, he might
throw as many Exchequer Bills as he pleased on
the market, and the Bank might purchase as'it

choso, without danger but, under present
cumstances, we know of nothing that would bring
us to such a recurrence of bad measures as an
over issue of Exchequer Bills, and the Minister
himself must know this full well; and it is for

these reasons that we would say twenty millions
at least, should he funded, and from what
we hear, must he funded when Parliament
meets. We did not advert to the felling
off of the Revenue while the present dullness of
trade lasts; for, if trade does not revive, the

working population of the country, during the
present high prices of provisions, cannot consume
those articles to near so large an extent on which
revenue is collected, us if they were in

ploy, and prices of provisions moderate. Here,
then, is another cause for fever in the Money
Market, as well as that caused I►y the division
of the greatest part of the Sinking Fund, from
its daily operation on the Money Market, to the
discharge of other debts.

[Tit PUOLIC LEDGER:I
It h stated in The Algemeine Zeihmg, which
has reached us to the Oth inst. that the Porte has
actutilly come to the determination of opening
negociations with the Greeks. It quotes letters
of the 7th from Constantinople, as its au-
thority for this assertion, and even mentions the
names of the Officers who have been selected
for this important mission. On account of the
general inaccuracy, and almost proverbial par-
tiality, of that Paper, whenever the afttira of
Greece are concerned, we have scarcely no.
tired this statement, but that the letters from
the' Turkish Capital, by the Mail of yester-
day, contain the same intelligence, and with
this addition, that the mission had actually set
out for its destination. it would he risking too
much to offer a positive opinion as to the mo-
tives which have influenced the Porte in coming
to this sudden resolution. One inducement tnuy
he, this belief entertained by the Porto, that this
obstinate contest is brought at last to that point,
where its speedy termination may be calculated
'upon as a matter of positive certainty. In this
case, it would of course see the necessity of
having persons on the spot, conversant in the
d"Kils of administration, to make Midi arrange
"1"1" its the state of the country would re-
quire, after such a devastating warfare, in
the ""r"' °I which the Turkish t‘uthorities have
been either exterminated or forced to save
themselves by t 3 gt,t. in the first place, it would
be their 'duty to create, anew, all the branches,
of PUblit. .Administrar• • Ithe next
t‘in , ant in next,
to appoint, competent persons to discharge the
functions annexed' t 4 them. Lastly, thegq
Turkish Commissioners' would, as usual, 1)6 in-
vested with the power or punifthing the guilty, Of
such' as they would' deem guilty, by tine, confis-
cation, exile, or death ; and as the whole Greek

population would be involved in the charge, here
would be pretty work for agents of the Sublime
Porte !

[HORNING HERALD.
There is often the same kind of arrogance
and self-sufficiency observable in the conduct
and demeanour of nations towards each other as
we -witness among individuals. The man of
rank, as he is called, or the possessor of some
College degree, is apt to look down with scorn
upon the humble ebttager, as one belonging to an
inferior race of beings, though the latter, perhaps,
upon examination, turns out to possess and prac.
tice the social duties and affections of life with a
truth tad tenderness not to be found in the for-
mer. So it is with what we deem civilised na-
tions,such as France, Spain, and Englued,who are
apt to talk of 64 the Autocrats of Rossi-a," and
the " barbarous hordes" they reign over, with a .
degree of contempt incompatible with what is due
to a knowledge of the frailties of our common
nature, and which neither belongs to nor ought
to be practised by those who duly appreciate
the relative situation of men in society, or socie-
ties, as compared with each other. The events
which have just transpired in Russia are of a
nature, we think, not only to rescue that people,
and the family of its Sovereign, from the
sneers of civilization, but are calculated to
furnish a not unusual lesson to the political
states of England, France, and Spain.---
The character of ."Alexander has not yet become
the impartial subject of History. Whether it
has been fairly estimated in this and other coon-
tries, time will show ; but that he has been the
benefactor of his own country, and that he is
alike honoured, loved, and deplored, both by his
people and by his family, there appears to be no
doubt. The letters of his Empress to his mother
possess a natural pathos seldom equalled, and
never surpassed by the feelingsof persons similar-
ly situated in more polished states while his loss
seems to be lamented with a sincerity of grief
which bears the truest testimony to deserts which
even the Princes of civilized States would not
disgrace themselves•by rivalling. Nor ought the
conduct of his brothers to be overlooked when

contemplating the scenes which are passing in
theie regions of supposed barbarity. Fl re we
witness no struggle for Empire—no rushing to
power, as the sole object of ambition—hut an ap-
parent self.denial and devotion, of which, though
the details are as yet but imperfectly known,
yet they are sufficiently so to rescue the
chief actors in them from that kind of rational
opprobrium to which we have alluded. The
truth, we suspect, is, that the Russian character
has never been truly estimated in this country.
One of the most agreeable and accomplished tra-
vellers (Dr. Clarke), whose talents, enterprise,
and research, can never be too highly ap•
pleuritic!, has suffered his valuable work to be
tarnished by a jaundiced and resentful view of
the people, their country, their Nobles, and
Princes, and which work, from the high cha-
racier nil authority it so justly bears, must have
considerable effect in inoculating its readers with
its prejudices in common with its facts. By those
w! o decry the character of the Russians, we shall,
perhaps, he referred to the murder of Paul, and
to other events in their history, which reflect
but little credit on their annals. But do those
who rely on such instances as these imagine that
the present state of Spain, the atrocities
which accompanied the French Revolution,
or that the riots of 1780, arid the other
disgraceful enormities of English mobs, place
the civilized countries of Spain, France, and
England so much higher in the comparative
scale of social advancement as they would have
us believe? In fact, the most civilized countries
have much more to learn than to boast of. If the
arts which administer to refinement and luxury
were the harbingers of moral excellence, civiliza-
tion might well boast of its effects ; but as it is,
we are much mistaken if barbarians, as they are
called, do not often furnish lessons which those
who despise them would be better employed in
imitating.