Star.
London, England, 1824-02-05 00:00:00

FOREIGN FUNDS.

Little is doing in the Market this morning. Spanish opened at
545 1, at which price they remain steady. Blest'can Bonds opened
st 44,4*
Current Prices :--Old Spanish 24; 1, Colombian 66, Austrian
41, Milian 78, Russian 90, New Prussian 891, Old 911, French
Scrip 8 to 1) Poyah 31 /.
AUSTRIAN FUNDS.
Valeta, Jaw. 22,0-.3letalliques 84.9-16. Bk. Sh. 042.
PRICE OF STOCKS AT ONE O'CLOCK.
Bank Stock 2371/2 236%
3 per Cent. Reduced 90 89h 901/2
3 per Cent. Cons. 8914 1/8 tai %
th per Cents. 99 78 1004 per Cu. Old 10134 102
4 per Cents. New 105% 5/8 106
Bank Lg. Ans. 22 5-16 7616—1 mp. 3 per Cts. 891/4
India Stock 272—India Bonds 82s. 83s.
Exh. Hills of E. 1,000, 551.575. 533. 541.
• Conhols for Account 89% 3/8 WA 901/4.

Ainidst the tranquillity which pervades Europe, and
which we have the assurance of his MAJESTY is not
likely to be disturbed, the public attention is naturally
directed towards the New World,which is rapidly rising
from the inert state in which it was so long sunk, and,
basing shaken off the yoke of Spain and Portugal, is
establishing its independence ; or we may say has es-
tablished it, although that independence has not yet
been formally recognized by the European Powers.
Of the right of Spain and Portugal to recover their
colonies, if they possessed the means, there can be
no doubt—but the policy in making the attempt is
que,tionable and its success hopeless, so far, at least, as
relates to Spain ; and although the attachment of the,
Emperor of 131azil to the new system may be equivocal,
and an army of ten thousand men, which it is said Por-
tugalis prepaiing to send out, might,with his assistance,
nominally restore Brazil to Portugal, yet we conceive it
highly improbable that she would be able to retain ac-
tual possession of the country, surrounded by flourish-
ing Republics.
With regard to Spain, any effort she can make to
recover her lost colonies is ridiculous ; and it would be
the most prudent act her Government has done for
some years, to recognize them. Indeed it appears, from
a ;mark made by the SECRETARY of STATE for Fo-
REIGN AFFAIRS, that a preposition for recognizing
their independence has actually been made to our Go-
vernment, and that an answer has been sent to Madrid
I'v our Ministers. What may be the conditions on
Which Spain agrees to relinquish all her rights in South
America we know not ; but we think it probable
that, as "it is her poverty and not her will that con-
sents," it is in order to recruit her empty coffers : nor
is there anything derogatory in such a propositions
either to Spain or to the late Colonies.
Spain sold the Floridas to the United States—and
although she has lost her authority over South America
by the Republican Governments having possession,
which she could never wrest from them, yet we think the
Canal release of Spain from all claim to them is worth
something ; and we should say, if the Republics agreed
to purchase that release, it would do more to ensure
their independence than a hundred victories.

The moment Spain recognizes the independence of
the Republics, the example will be followed by this
country, and by every Power in the world. We need
not point out the advantages South America would
gain by such a measure, and it would even be ad-
vantageous to Spain, independent of any money
she might receive ; indeed, we believe she would
receive more from them as independent Colonies, in
their natural intercourse with the parent State, than
she has done for many years. But as the result of the
regociation between our Government and that of Spain
may be expected to be known in a very short time, it is
unnecessary to speculate upon it.

Frankfort Papers to the 28th ult. reached us this
morning. The following are extracts:

FRANKFORT, JANUARY 22.

Mr. Rothschild returned a few days ago from his
l'lrmey to Cassel. It is said that his Royal Highness,
the Eluctor, has contracted with him for a loan of two
millions of dollars.