The Sun.
London, England, 1816-01-24 00:00:00

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which were crowned with • such complete success
during, the liiat'year. had the councils of those'
%elm deprecated interterenew been followed, what
• .
must have been the consequence? the.brst m•
~ • ,
stalled; perhaps,";ali hollow, armed
truce, under the rixiiie of peace with Buonaparte ;
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btu equally as extensive as a defensive %vat'tor who.
would have dared to disarm this country under such
a predicament? and even this soon followed by un-
t.eiiiitted,untelenting hostilities 'against our military
:and commeteial greatness. kur, with all his
.faulti and all-his follies, we must give the Corsi
:cat► credit for knowing where the chief strength
of his adversaries was situated—in the °pule:tee
,atitt in the fortitude of 13rit.iiri. AO great as has
been our expenditure, during the shalt but sloop •
struggle which took place in the last campaign
what is it, weihlrr.tl in all its consequences, to the
cost and burthen, the inconvenience of a long-
protracted state of lingering defensive warfare ?
The exertions of the British empire, -SO well
itirected, and so. speedily put in execution, were
above all praise ; nor is it possible, my' Lord,lor
words to eXpreis.the satisfaction which 1, 'in com-
Ilion with every real friend to•Eugland, feel on the
;wise, the firm, the mild yet'energetiemeasures of
diplomacy, which your truly able colleague, the
Noble Secretary for Foreign Affairs, has carried
through, both at Vienna and at Paris ; his con-
duct is tar beyond the power of may feenie admire.
firm to add a single ray of lustre to its radiance.—
All Europe has,witnethed, and has rei.orded the
brilliancy of his abilities ; and as the organ of the.
British Cabinet; he shares the praise with those
Ministers who'contributed to the originating of
hie propositious.
Unable to censure the principle on ..,Viticit the
war was recommenced, or to tied fault with the
mode of conducting it when resumed, the oracles
of Opposition have rested their attack on the tai
lure of your tinances;and the of the
na-
tion to support the increased birthed it Oielt the,
additions necessarily made to the annual.charge
4'4- the' National Debt must impose on time peopie.
But.iieie, us in every thing else, their"flatahave
been equally void ,it truth, as their copeinsions
have, hunt destitute of reason. A . &Leming Pa.;,.
• per,* famous for the collection and pnblisoing Of
tithe intelligence„, and. the wilful misrepresenta-
tion ot that which Was Otigin.tlly correct, has had
the hardihood, very recently,• to inform, its
readers (a grrat pot of whom are to be found
in the little alehouses. about .toe metropolis,. tuul
therefore not very competent judges of its vera-
city or its CO111.'CIIICSS): that according to the
latest calCulatioh at the Bank, the amount of the
Nationid DAt, funded and untanned, might to-
gether huestimatett at '1955 Milhous. Now the
retil•lact•is, that the prob Able. it,i4rega te ui the tin.'
redeetnetileunded Debt, and ot that whieh.yet re..
mains unfunded, whether in the tot in ot I.4;xelie-
(pm or ot outstanding and unsitistien
de-
tuaitds., muy altogether estimated at between
nine hundred aml one thousand miifions ; or, p'en.
haps, at tite utmost, time nine hundred antstiny•hve
millions, to which the Editor of the Morning Chru.
nide has very voraciously and accurately added anti-
titer thousand ;. thereby rather more than thiubling
the Whole of the Nationalllebt by a single stcukt
of. his loyal and truly 'patriotic lien. The.(•
bability is, that some pea sun, either better inform,
tut or better disposed, bits iginally mentloned
that the whole ot the Debt, atter the convemon
of the nota't finding &mewls ,of every •kiud into
Stock capital, Would autuant to nine hundred anti
film y • five, or between that, and a thousand ma-
hout, which this willing herald .nnd eager pub,
Ostler of every thing ditasterous or prejudicial to
his country has .initnediately and wilfully misre-
seined, by converting the insjunetive or into the
important copulative and.
the' teal state of tbe,cuse is 'will appear
from the following 'facts, founded. not Ott the
hearsay the Chronicle, but
on ollicialand-aitthentic.doeinnents.
Uu the Ist Nov. 1814, the whole ibe:stock
capitol invested in tbeditkrent funds on accouin ant
the debt ot. Cheat Britain and Ireland,.and of the
several leans to the Emperor
.of Atistriai.to the
Prince Regent of Portugal, and to the East India
Company, amounted to 1029,000,0001. ; tint of
which the-Commissioners for liipiidating the
tional Debt had redeemed 291,000,0001. awl up-
wards, either by meant of Sinking rand,- by
time sale of Land Tax, or by the granting of Life
Annuities in exchange for Stock ; so that tic uu-
redeemed Stuck capital 'on that day amounted to
something less than, 7.38,000,0001, and. in the
spring of 1815 a loan of 36,000,0001. sterling;
(27,000,0001. for (Ireat Britain„ mid 9,000,0001.
for Ireland), was contracted for at flat rate of
1301. in Three per Ccios.' Reduced, 41/.. e
per emits. 'Consols, anti 101.•• its Four per Cents..
making together 1841. of ()minion for, every
sterling, and creating in.the whole 66,20,044
of additional stock debt. • Exchequer MI'S, and a
small loan to make up the SUM of 18,135,589/..35. (hi
sterling, were also funded in 5 per Ceuta. creat-
ing, 21,208,4021.;165;5tnek. capital ; sO that the
whole addition to the stuck debt Witiii4t the last
year has been 87,44840'21. 1 Gs; ; and the aniouist•,
Of stock redeemed in the m sae period has been
22,522,1751185. 3d. leaving the actual
stock debt within the-year at 64,9'26,226/.17S U 1;.
and the total unredeemed stock on the lit Nov.
1515, at 802,773,53% 0s: ; and between that
day and the Ist May, 1810, a further hiptulatioo
to the amount of about' 11 millions may he ex-
. pected from- the•operations of..the Sinking FuOil;
reducing time total unredeemed stock debt to about
791,0110,0001., And, on the other band,. to meet
the expense of winding up the war Charges) •and
satisfying all : the outstanding demands Cu the