Star.
London, England, 1829-12-11 00:00:00

TO THE EDITOR OF THE STAR.

No. IL.
Sta—To show that Spain could only offer frivolous
and insincere promises of remuneration to the English
creditors of Mexico, it is sufficient to refer to the state of
her finances, prior to the American revolt ; tier debt—
how much her receipts have been reduced since that pe-
riod how high her passif (unpaid interest) has
accumulated —by how small a sum her revenues
could be increased by the temporary occupation of
a country ravaged by war, and impoverished by
oppression—how much her own debt would be augmented
by the addition of the debts of Mexico ; in short, to what
an amount—how trifling soever the rate may be—the in-
terest of so enormous a principal must be raised; and what
are the funds, from which, even if her current expense
were paid, Spain could accomplish that object ?
Thus, it must be acknowledged, that as long as the
contest between Spain and Mexico continues, England
will be deprived of whatever commercial advantages she
may have promised herself from her relations with the
latter State ; whilst the English creditors of the Mexican
Government must not expect to be paid with the required
regularity.
It must likewise be acknowledged that if Spain should
succeed,—English commerce, inevitably driven from the
Mexican markets,—will lose not only all future advan-
tages, but even the advances that have already been made,
and the English creditors will see their claims denied ;
or even if admitted, the interests never will be paid—
which comes to the same thing. Hence, if the commer-
cial interests of England are injured by the prolongation
of the combat; they must ba ruined, if the issue should be
such as the Spaniards hope for. Hence, there exists between
England and Mexico, a reciprocity of commercial interests.
Hence, the English Government ought at least to protect
those interests. And in what way should she exercise
that protection? It is clear that she must begin at the
fountain-head; that if the injuries to which English com-
merce and English creditors are exposed, spring from the
duration of the war, it should immediately be terminated:
that if the hypothetic triumph of Spain menace a total
loss, England should exert herself to render the realisa-
tion of such an hypothesis impossible. Whatever falls
short of such an accomplishment, is too little; and
consequently will afford no real protection whatever.
But can the English Government do all that, without
interfe: ing with the affairs of others—without encroach-
ing upon the rights of nations ? &c. To us it appears.
that it can do so :—but we shall take another and an
early opportunity of more fully explaining our views of
'this subject. Let us for the present proceed to consider
the reciprocity of political interests between England and
Mexico ;—and nothing can be more easy. Let us look
to the map of North America, and let us ask what
nation is endowed by Nature with the elements for be-
coming—not indeed the rival of the United States,—but
the counterpoise to their immense power ? It is un-
doubtedly Mexico.—Well, then, can England, as a great
political Power, submit to be reckoned as nothing in the
direction of American policy—and when the balance of
that policy is once destroyed, can she hope to exert the
slightest influence I Can England—though the mother
country—hope to retain her colonies without the main-
tenance of that very equilibrium ? Should England—
commercial England—be even for one day dependent on
the will and pleasure of another commercial nation for
having the American markets opened to, or shut against,
her ?—And if there be only one nation in America really
powerful and independent, will not that nation—sooner
or later,—regulate the institutions and the tarifs of all
the others ? But England—without envying the fortu-
nate position of the United States,—without directly, or
indirectly opposing their real prosperity.—in short,
without prejudicing either national agreements, or the
strictest laws of morality,--can, and should, desire, from
a due regard to her own political interests, that Mexico
should immediately assume that influential station to
which she is destined.—l am, Sir, your obedient servant,
London, Dee. 10, 1829.

CITY. TweLvs o'CLoca.

Our City Correspondent says For these two days past. we
have contradicted the statement of one of our summing contem-
poraries, who announced the dangerous braids of the Erman of
Russia, which has now been fabilled by the arrival of official but.
letins. This has caused the public to be much enraged against the
said Morning Paper. The Adal bulletins have had the Abet
this morning in improving the Funds. Coos*, which Mt etf yes-
terday at 94j, opened this morning at 941; and were soon after
done at 9S. At present they may be quoted at 941 buyers.
In the Foreign Market at present very little business is going
forward, and most of the prices are as per yesterday.
CITY, HALF-PAST ONE O'CLOCK.

Up to the present hour the Funds continue steady at 941 i for
the Account. In the early part of the looming a good deal of
business wee doing, since which the market has rather been inac-
tive; and the speculators are determined in future to see before
they leap, and not to be deceived by false accounts, propagated for
the motive of self-interest. We have not a feature in the present
market worth observation.
The Foreign Market is also void of the keit interest. Greet
has rather improved ; in other foreign securities little doing.
In the Corn Market this morning the Suley trade was rather
brisk ; and Oats, one, the little quantity at market obtained t ether
Monday's prices. In the Wheat trade little doing.

The neighbourhood of Cornhill, a little after eight
o'clock this morning, was thrown into great consterna-
tion in consequence of a fire having broke out at a trunk-
maker's shop, which, in a short time, consumed the
premises, although five engines were playing against the
house with wonderful skill.
A report, published in the French Papers, from New
leans, of the 10th October, of General Barradas hav-
ing blown his brains 'out, does not appear to be correct,
as we have information from the above quarter to the
28th October, which state he was still there.
The brig Surprise, of 16 guns, having on board 28
soldiers of the 54th regiment, arrived at Marseilles on
the let December. She left Navarino 16th November.
The ship Providence had 600 men on board, and sailed
four days previous to her departure. The following day,
the Breslaw, Alceine, and several other vessels, with all
the infantry on board from the Mores, were to sail, where
there will only remain a corps of artillery. The convoy,
with the sick, under the escort of the Daphne, was also
to sail on the above day.
A serious accident was nearly taking place on board
the Conquerant at Smyrna, owing to a fire having been
discovered on board, which was soon extinguished. All
the gunpowder was thrown into the sea.
ER RA T our yesterday's notice of the Proceed-
ings in Chancery is the Island of St. Christopher, ft
" The Honourable RoasaT WILLIAMS PICILITOOD,"
read " The Honourable ROSZAT WILLIAMS PlCK-
woam."—ln the letter of MXXICAV US, for, " For
national sympathy can only be excited, &c." read, " For,
as national sympathy, &c. —For " The replies to these
interrogatories required no great consideration," read
" The replies to these interrogatories require no great
consideration."