The Sun. — 1847-07-29 (London, England)

WILLIAM. 40 Madrid papers of the 22d have arrived.  The Espanol contains an article, warning capitalists against the new loan, which it declares is illegal, while the security offered is illusory. In five out of the six electoral districts of Madrid Progreesista candidates have been elected. The QUEEN, it is said, is about to make an excursion to Segovia. On the 21st the treaty for the recognition of the republic of Bolivia was signed by the Minister.  We have received the Paris papers of Tuesday. The Comtitutionnel has an admirable article on the affairs of Switzerland, and on the conduct of M. GUIZOT in lending himself to a reactionary policy in support of the Jesuits and the Serviles in that country, and thus not only repudiating, but stamping as a crime the revolution of 1830. The following is the article from the Constitutionnel ,t  " The struggle is becoming more and more desperate in Switzerland between the Diet and the League. The Diet pronounces the dissolution of the League, whilst the League replies by a protest and a threat of civil war. To this challenge the Diet responds in its turn by a note which forbids the Federal officers to have any intercourse with the Sonderbund, and threatens to cashier such as should persist in accepting employment in the troops of the separated cantons. This decision is the forced consequence of the former one. After having declared the alliance to be incompatible with the compact, it was inevitable that the incompatibility of the service in the army of the confederation, with that in the insurgent troops should be formally announced. It is the practical application of the purely theoretical decision which was taken first. It is evident that this struggle, which since the opening of the debates has remained within a circle, in a certain measure abstract, is tending to occupy the ground of facts and application; it is more and more to be feared that to the war of interpretations and speeches may succeed a real war—that in which musket-shots will decide the differences. We do not hesitate to declare, that if blood is to be shed in S iizerland, that blood must be justly attributed to the powers who encourage an illegal revolt against the established government, and hold out a premium to civil war in the hope of assistance corning from abroad— thus casting into the scales, where are at present balancing the destinies of Switzerland, the weight of the sword of a new holy alliance. It is truly impossible to comprehend how these same Powers which, in 1815, in their declarations to Switzerland, laid down in the most precise and peremptory manner the principle of the necessary submission of the minority of the states to the majority, should uow come forward and support a principle .iiametrically opposite, by remanding, under the menace of a coming intervention, that the majority should pass under the Caudine forks of the minority—that the law should bend before revolt ! It is easy to comprehend that they will always be ready to sacrifice all their ideas .4 justice and the truest principles to their cgoti,m and reactionary policy, but that the Government of July should make itself against Switzerland, in the name of the treaties of 1815, the accomplice of the Powers which have just destroyed Cracow in contempt of these same treaties ; that it should support in the conledetation the same Jesuits that it was forced to expel from France ; that for such results it should not fear to repudiate at the same time in a single act its revolutionary origin, its interests, and its duties against an allied people, is wl.at cannot but excite the utmost indignation and as ronishment, if anything on the part of the Cabinet could call forth such feelings." Certainly the policy of the Court of France in supporting this reactionary movement in Switzerland, is very short-sighted. Is it to be imagined that if the Austro-Jesuit reaction should be successful in Switzerland, it will stop short at the Jura ? Has M. GUIZOT forgotten the alliances recently contracted between the Princes of the elder house of Bourbon and those of Hapsburgb, and does be imagine that for the sake of the beaux yeux of the Orleans branch, Austria will sacrifice those principles of legitimacy which are so dear to her ? It may be true that Austria makes the most devoted professions of friendship to the reigning dynasty of France, but she did the same to NAPOLEON, and betrayed him. An intervention by France in aid of the Sonderbund would be treason to the Orleans dynasty in any Minister who should counsel it, and in any Sovereign of that branch who should consent to it, political suicide. We learn from these papers that the Vorort of the Swiss Diet, M. OCHSENREIM, having communicated to M. Bois LE COMTE, the French Minister in Switzerland, a letter which he had received from M. JEN; the gentleman accused of having decorated his dog with the Legion of Honour, denying that the dog had been so decorated, and stating that nothing but a powerful imagination could have traced any resemblance between the decoration in question and the pieces of tin attached to dogs' collars, M. Bois LE COMTE had expressed himself satisfied with the explanation, and M. GUIZOT was satisfied with the satisfaction of M. Boss LE