Star.
London, England, 1825-01-04 00:00:00

THE EVENING STAR.

lON DON.

TUESDAY, JANUARY 4, 1525.
THE FUNDS.
STOCK EXCHANGE, TWELVE O'CLOCK.

Consols opened this morning at 951 1 for the Account, but
soon after were done at 95* : at present they are at 93} is with
little doing.

FOREIGN FUNDS.

In the Foreign Market South American Securities are worse.
Current Prices s New Spanish 15, Old 224, Russian 95/
Mexican 764, Chi Han 864, Frcnch Scrip 134 j pre. Austrian 954 4,
l'•,ruguese MIL Columbian New-924 4, Alliance Shares 94 pre.'
M..lior Alliance's pre. Buenos Ayres 221 4, Buenos Ayres I%lines
211 pre. Colombian 'Mines 31 35, Brazilian Mines 134 14, Gas 14
pre. Greek 574, Anglo Mines 50 52 pre.
Pi:ICE or STOCKS AT ONE O'CLOCK.
Bank Stcck 229% 1/2
3 per tent. Red. 941/2'3/8 3/8 1/2
S per Cent. Cons. shut.
31 per Cent. 101 •
Si per Cent. Red. looys y 4;
4 per Cent. New shut.
Long Ann. 22%—India Bonds 100 99
1.000 Exclieq. Bills (11/2d.) 58 9
£5OO ditto (2d.) ; (11/2d.) 57 9
£lOO and £2OO ditto (11/2d.) 59 60
Cons. for Acct. 951/2 1/4 1/2 Ws

TO CORRESPONDENTS.
The Twelfth Letter of Viztoax, on West India Slavery, will appra

in the STA& of TOMIORTOW.

It is with much pleasure chit we are enabled to state,
that his MAJESTY'S Government has determined on re-
cognizing the independence of the Republics of Mexico,
Colombia, and Buenos Ayres; and that a circular
letter, addressed to the European Powers, announcing
such determination oa the part of the British Govern-
ment, was read to the Foreign Ministers on Saturday,
by Mr. Secretary CANNING. Commercial treaties with
the above three States are on the eve of being concluded.
This instance of the sound and liberal policy of the
British Government will, we are sure, be highly gra-
II
tifying to the country, and is another proof of the I
wisdom which actuates his MAJESTY'S Ministers to
whose enlightened views on many subjects"--even the
Morning Chronicle admits Ag we have been indebted
on several occasions of late."
It is true that the eagerness of mercantile specula-
tion had urged an earlier recognition of those States,
but we are sure, amidst the contrary accounts received
from them, no person who calmly considers the sub-
ject, can blame Ministers for waiting until they had
ascertained their real state by their own agents, spe-
cially appointed for the purpose.
Indeed, although we did not formally recognize the
independence of the South American States, yet, as the
Earl of LIVERPOOL observed, in the debate on the
Marquis of LANSDOWN'S motion on this subject,
in the House of Lords, on the 15th of Match last, these
States had the benefit of a de facto acknowledgment,
by an Act passed in the third year of the present reign
—The Navigation Act. From the time of this practical
recognition, it was acknowledged that almost every
advantage of commerce had been given to this country.
That this intercourse should be secured by treaties,
will no doubt give additional confidence, and anew
impulse to our commercial relations with the States we
thus formally recognise. That the measure cannot fail
of being highly popular in this country is certain ; the
next question is, how far it may affect our relations
with regard to other Powers? and here we confess we
have no fears.
With regard to the United States, it can make no al-
teration, since that Government has preceded us in the
act of formally recognizing the South American States
upwards of 12 months ; and as to the European Powers,
we think they cannot fail to appreciate the delicacy with
which our Government has acted towards Spain. In
December, 1822, our Ministers intimated the intention
of this country to send Consuls to the different ports
of S=nub America ; the measure was however de-
layed, and in the interim France invaded Spain ; our
Ministers then wished to have a full explanation from
the former Power in regard to her views in South
America.
With this view, in March, 1823, the intentions of
the British Cabinet to prevent all foreign interference
with South America was made known to tire French
Government; and on the 9th of October, in that year,
a Conference was held between Mr. Secretary CANNING
and the Prince de POLIGNAC, Ambassados from France
to our Court. Mr. CANNING then declared, that" the
British Government were of opinion that any attempt to
bring Spanish America again under its ancient submis
sion to Spain must be utterly hopeless, and that all
negociation for that purpose would be unsuccessful." He
further stated, that the British Government would,
however, not only abstain from interposing any ob.
scathe to an attempt at negotiation, but would aid and
countenance it, if founded on a practicable basis.
That the British Government disclaimed any intention of
forming a political connexion with the South American
colonies beyond that of amity and commercial inter.
ccursitt Here, then, comes the more important part of
the conference. Mr. CANNING, on the pit of his
Government. declared—
" That, completely convinced that tare ancient system of the Co-
lonies could not be restored, the British Government could not
ensile into any stipulation binding itself hither to refuse oc to delay
its recognition Mltholr independence.
" That the British Government had no desire to prepipkate that
recognition, so long as there was any reasonable chance of an ac-
commodation with the Mother Country, by which such a recogni.
tion might come first from Spain.
" But that it could lot wait indefinitely for that result ; that it
could not consent to make its recognition of the New States dips"•
• dent upon that of Spain; and that it would consider any foreign
interference, by force or by menace, in the dispute between Spain

lb.— '