The Sun.
London, England, 1826-01-05 00:00:00

THE LONDON JOURNALS.
DA 11.1 i.
Estrada from the Morning Papers, Jan. 5,1820.

[NeW
The President's Message which appeared yes-
terdy morning in the' New Amer,
reduced a strong impression on the.Conamercial
orld. Expectation had been on tiptoe to re-
ceive the first official declaration of gitincy
Adams's sentiments as President ; it wasearnest-
lw hoped that they would be pacific, and it was
of course wished that they might prove towards
fatvitt .Britain liberal ,and friendly. We rejoice
Ikakjt. fell, to our lot to be the first to announce
the. entire fulfilment ef these hopes and wishes.
The_ document of which we gave both a verba-
,
iith copy and a short abstract, was universally
billed es anspicious, and the effect of its pub.
litation was soon visible in the firmness
which it gave to the Funds. One set of
persons alone were deeply vexed and mor-
tified at the appearance of this important
document—the individuals who had been writing,
Sod talking, and betting down the Funds—the
JElears.of the Press and of the Exchange, For
some time past they have smarted and writhed
under the expression of public indignation. They
consoled themselves with the benevolent hope
that the storm had not wholly passed over.
64 The difficulties in the money market," said
they,."nre not at an end, neither ought they to
ate !!"---" the storm has neither been long
enough, nor violent enough"! ! ? indeed ! And
how so ? Why, forsooth, it has riot sufficiently
shaken
and exposed the rotten parts." It
does really seem., extraordinary, that any pub-
lic' writer should so unblushingly avow a ma-
lignant pleasure in contemplating ' ruin and
bankruptcy---that he should call for more of
these sad misfortunes—more food for his male.
volence! Lint so it is: and in order, if possible,
to,accomplish his wishes, he tries every day some
new mode of exciting alarm. Last week it was
ts vast deficiency in the Revenue—now it is a
for Ced nbandonment of the Sinking Fund. We
are told that " a report is in circulation that it
will' in the present quarter be reduced to one
million per that' we (the wonder-
ful and mysterious we) incline to an opinion that
erevermnent will break up the whole arrange-
ment,' Our answer to all these croakings is
short—they are founded either in malice or in
ignorance. The same credit is due to them as
was due to the fabricated conversation be-
tween the Chancellor of the Exchequer and
the Governor of the Batik. They come
from the same persons who pretended to be in
the secrets of Government and the Bank—to
know that the Bonk had limited its discounts
when it was augmenting them most liberally—
and to know that 'Ministers had drawn up an
Order in Council for the suspension of cash pay.
meats, when no such order was even content.
plitted. With regard to the state of the Revenue,
a few hours will set that matter quite at rest.—
We shall not pretend to anticipate details, but
We are confident that the account we shall have
to give of the financial situation of the country
will be perfectly satisfactory. As to the Sinking
Fund, the story of its intended abandonment is
a pure &tint).

[BRITISH 'PRESS.]
The Times, whether it touches on the topic of
Sank Notes--or country bankers—or paper cur•
rency—or the landed interest, endeavours to
make each in its turn the means of popular
escitemement and public disaffection. We are
told, in its columes of yesterday—by way of
winding up a roost unjustifiable and coarse attack
ou. Sir Thos. Lethbridge,that—" What the nation
plots for is a sensible fall of price ; 13read must
be had cheap ; Rents Mtlit he sacrificed to the
lives of the people. It is monstrous impudence
to talk about the ruin of the Farmers from a
lowering kr the price of produce." The Times, no
doubt, imagines that to declaim in favour of cheap
bread is to take the popular side; and that,
however ignoraotly it truly talk upon the subject,
It it does but take this ,ide, it will not be pressed
to support its assertion by proof, or to give a
reason for Its opinions. " Bread must he had
cheap." What ! whether corn be scarce- or Mno.
dent ? Whether it shall please the great Disposer
of the seasons to send a plentiful or scanty hur-
vest,? It must, no doubt, be the wish of every
man that bread should be cheap ; the lower its
price is tlie better, provided always that it is a
price at which the farmer cnn realize a profit.—
biskt, uithout regard, to this, that " bread
inns( be bad ch,ap" is to bold the language, not
of a-rational man, hut of an incendiary--not of
a friend to the working classes, but of their
worst enemy, who would uproot the founda.
liofl9 of all property, and involve the rich and
the poor in the common ruin. Has the Times
Joaftnalist ever asked himself, in the midst of all
Ws dishonest and delusive canting about cheap
bread—has be ever asked himself—What are
manufacturing interests to do, if the Landlords
and Tenants have no 'unpins to lay out with
them for their commedities.? Whnt is meant by
this public: declaration, that " lteuts must be
socrificed to the lives of the people P' What is
tires but the langulge of Revolution ? The
dreadful crisis in which the lives of the people
could demand such a sacrifice, must be a crisis,
they tremendous necessities of which cut all the
ties of Covnrntnent asunder, and break down
the barriers of property. Just as well might
the Mlles strike out. the word Rents, and say
- the Funds must be sacrificed to the lives of
the people. The Annuitant, the Capitalist, the
public Fonctionnry, if the lives of the people are
represented as calling for their sacrifice—what
can be urged their behalf which the landlord
bas not (0 plead f the rents of the latter are
to be taken from him, on what ground can the
owner of property of any kind rest his claim of
*exemption ? Push, these consequences to their
and, mid see to what they lead ! If, by the in-
fernal agency of any faction, or of any patty,
oils language of the Times is to be held in every
ale-house in the kingtipm, the convulsion which
of late this kingdoin has felt will be as nothing
to what ere long it will feel. " The farmers," it is

added, want nothing better than low► prices, if they
can but get their lands at, proportionate rents."
But if this journalist were'at all informettispou a
subject: on which he delivers himself with so
much. inguorent presumption, he would know
that the price of agricultural prodnce may be-7-
and at times has been—so low, that the landlords
could obtain no rent The Rent is comparatively
a minotconsideration to the farmer; his labour
must yield a living profit, after deducting poor
rates, tithes, taxes, imposts of every kind, the
wages of labour, and all the charges and outgo.
ings of every deicription—his corn must afford
him a remunerating price. After all these de-
ductions are made, if it does not, be most abandon
the tillage of a soil which no longer repays his
labour. It is easy for the Times, and those who
echo it, to insist that " bread must he had
cheap." But how, we would ask, would they
force the workmen in husbandry, any more than
the workmen of any other class, to labour with-
out any adequate remuneration ? As well might
we exclaim of any—nay, of every one--of our
manufactures—it Must be had. cheap. But we
trust. we have said enough to induce those who
may be "led astray by such language to look
steadily before them, lest a ti►rie should come
when it may be too late to look back.

[MORNINU 'posT.]
French Paper, to the 3d inst. and the Eloile of
Tuesday reached us list night by express. From
the latter we have extracted many fresh parti-
culars and assertions respecting the death of
.
Alexander, which will be found preceding
cOluMn. With regard to the succession to the
throne, nothing authentic has yet appeared.—
The Dodo re-asserts its former statement, that
Constantine had been proclaimed Emperor at
Moscow as well as at St. Petersburgh ; but in
the very same passage it admits that his abdi-
cation was the subject of conversation in the
saloons of the latter capital, and contends
44 that it was mot conditional, as some Papers
pretended." From this no other inference can
be drawn except that there really had been a
renunciation of an unconditional nature on the
part of Constantine, which might have taken
place after he had been fairly put in possession
of the imperial dignity. There is no other way
of explaining the apparent contradictions of the
Journals, or of reconciling the statements of the
Doile with the confident assertion of the Journal
des Debals, " that intelligence of the accession
of the Emperor Nicholas to the throne of all the
ltussias, had been received officially in Paris."
The Drapeuu Blanc indeed goes still farther, and
not only asserts the fact of the abdication, but
adds, as a proof " of the extraordinary energy of
Constantine's soul," that lie was likely to become
a monk !---tr most singular proof certainly of
mental vigour. These Papers also contain some
details of military operations in Greece, where
nothing of importance had lately taken place.
Ibrahim Paella is said to have been invest-
ed with the whole command of the war,
and to be preparing to try his skill against
Missolonghi, where, we trust, he will not
prove more successful than he did at Napoli
dl Romania. If lie be really appointed
Commander-in-Chief, jealousy and differences
will undoubtedly arise between him and Red-
scliid Pectin, which cannot fail to prove advan.
tageous to the cause of Greece. Our new Ambas.
Isailor to the Porte had arrived at Corfu, where
the illness of his Lady, we regret to find, pre.
vented the usual salutes being fired.

[THE TIMES.]
We feel confirmed, from certain respectable
information that we have received, in the accu-
racy of our statement that a commercial Treaty
with France, deemed favourable by those who
are more particularly acquainted with its tenour,
may be concluded before the meeting of Perna.
meat. We haVe also equal reason for believing
that the conditions of the Treaty between this
Country and the Brazils, as concluded by Sir
Charles Stuart, falls so far short of the expecte-
dons of Ministersond the pretensions of the min-
try, that the Cabinet have peremptorily rejected
the instrument which has been transmitted for
their approval. The commercial project generally,
upon which so much of our expanding greatness
depends, and the arrangements with respect to
the slave trade, form the subjects of dissatisfac-
tion. As the latter constitutes an essential branch
of the Brazilian. commerce; seine difficulties
might be expected io cancludiog 'a
treaty conso-.
mint with the principles of humanity. As to
the commercial treaty, the negociator had the
field open, and perhaps a guide across it, in the
intelligence which he might obtain respecting the
terms on which so shrewd a people as the Ame-
ricans had arranged the affair. The principal
condition between Portugal :Ind the Brazils is
said to be, that the latter Power takes upon
theM the Portuguese Loan negociated in Eng-
land, and advances an additional sum besides ;
for tke latter of w filch purposes we suspect that
a Sufficient portion of the late Brazilian Loan re-
maini in this country.