Star. — London, England, 1819-02-09 00:00:00

N • . . things were before Patharrient,.either to continue the . taxes, or to continue the debt: Parliament reduced • 15 millions of taxes, and in 'doing so they locesaw the impossibility of making any thing but a gradual re duction in the debt of the country. Had his counsel been followed, the taxes would have been continued, and the debt would have been decreased. The Might Hon.• Gentleman opposite (Mr. Tierney) seemed to have been a stickler for the I•eductio:t of the debt. . This was no more than being in effect a friend to rigorous taxation. If he wished to tax, let him speak out, and he would find a ready and a per severing friend in the Chancellor of the Exche quer—(A loud laugh).—But under all these circunn; . stances -it was to he remembered, that the debt was decreasing, and should the revenue continue to go on in its present flourishing state, a rapid reduction of the debt would take place in every succeeding year. hear). -1( any one had come forward in the year 1792, .preceding the war, and prophesied t;:at the country would have sustained itself through so many dangers and difficulties, leaving at the issue of it a debt of eight hundred millions, and paying as it did from year to year so much of an unredeemed debt, and after all be able to boast of an actual surplus of revenue over its current expenditure, such a man would have been regarded indeed with a good deal of doubt as to his calculations, and have been justly treated with ridicule, particularly if he had added that the Government had been supplied by the people with an annual income of seventeen millions in taxes. He would reserve any further observations to a future occasion. He found that the best plan for him to adopt would be to wait for the advice of his colleagues, and not expose himself. by any unguarded expression to injurious conjectures. lie should be happy to receive advice from any quarter, but on the condition that he would be allow ed to make use of it according to his own discretion.— (Hear, bear).—The state of the public accounts was most favourable. A reduction of three millions had taken place in the national debt for the year ending January, 1819, and from the rapid progress of the revenue, the best results. were expected. Mr. ELLIS objected to the confident tone which the Noble Lord had assumed in speaking of the im ports and exports of the country. In 1815 these were large. The reasons why they had been so large were, that our stores had been filled with the produce of the enemies' country, and as soon as a communication was opened, these commodities found their way to the country they were destined for. In 1818, the reasons • for an increased commerce were, that the Chancellor of 'the Exchequer, by the extent of Isis loam had actually depreciated the interest in the market by about two or three per cent.; and the conseque:,ce was, !hat capitalists were compelled to employ their money in commerce. But now he would state, without fear of contradiction, that there was no market in the world where British manufactures could not be purchased cheaper than in this country. Mer chants were anxious to get money in order to pay of their loans. But the effect of this system was extensive in its baneful operation. In Coventry, the labourer obtained no more than six or .eight shillings a week, and the d:fference which he required for the necessa ries of life was supplied by the Poor Fund—(/tear, hear). The exchange between this country and almost every other was highly unfavourable to us ; and in that case, who would give his money here, while it was in his power to dispose of it more advantageously elsewhere ? Mr. PROTHEROE expressed his unwillingness to excite or spread apprehension in the country. He thought the account of imports and exports by no means a proper criterion by which to arrive at an accurate knowledge of the state of trade. Whatever were the state of imports and exports at present, be affirmed, that distress prevailed to an alarming ex tent in almost every branch of trade. He shuddered to think of the consequences which would take plaoe if the prese^t system of finance were to continue much longer. Mr. MACDONALD was surprised that the Chan cellor of the Exchequer should have imputed to his Right Hon. Friend (Mr. Tierney) a desire to support ' a rigorous system of taxation. He (Mr. Macdonald) thought his Hon. Friend the firm supporter of reduc tion, and he would have been happy if the Right lion. Gentleman opposite was as willing to aid his Right Hon. Friend (Mr. Tierney) in what he anxiously wished, as he had just expressed himself to be for the purposes of a rigorous taxation—(hear, hear.) A good deal had been said in praise of the Committee on Finance. But they had neglected to point out se veral instances where economy might safely be put in practice. tf they had considered the system Of collecting taxes, they might have produced a great saving. An Honourable Friend of his had stated, that nearly two millions could have been reduced in this department. Si... JOHN SEBRIGHT expressed himself in favour of the principle of Exchequer Bills ; for the present enormous state of our capital required a floating :urn to be kept up as a balance. By a proper attention to the management of the public debt there might be a saving made of upwards of 1:100,000 a year. He disclaimed being an advocate for the Bank of Eng land extending the issue of their paper, but at the fame time he mought they should give to the manu facturing interests a liberal supply, and by thus mi nilt-ring to the wants of that interest, materially in. crease the amount of the Revenue for the coming year. The Motion was then agreed to. The SPEAKER called over the names of the following Gentlemen as composing the Committee of Finance : • Lord Castlereagh The Chancellor of the Each*. Mr, Bankes go, :f I lush 011 Sir George Hill Lord Binning Mr. 'l'.:;. Gooch 111 r. Calcraft Lord (live Mr. Peel Mr. (1. Holfurd W. Hart Davies Mr. t rtetray Sir George Clerk Mr. U. 1. Smith Sir Nicholas Calvert Mr. F. Lewis Davies Gilbert Mr..l. 11. Tremayne Mr. Littleton Mr. lhawle Wilbraham . Mr. GRENFELL begged to ask the Right lion. the Chancellor of the Exchequer, whether he meant to - submit to the consideration of the Committee any proposition on the Savings of the Bank ? A sum of A.:230,000 annually had been saved, and he apprehen ded it would be a proper subject foe the Committee. The CHANCELLOR of the EXCHEQUER said the. proposition respecting that subject had not been so properly matured as to be brought before the Cora-1I mitteer.—lt was then ordered that the Committee do meet to-morrow (this day). WAYS AND MEANS. The House went into a Committee of Ways and - Means.—Ordered to report to-morrow (this day). GAME LAWS. Mr. MA DOCK S postponed his proposition on the Game Laws till to-raorrow (this day). GOVERNMENT CONTRACTS. Mr. Alderman WOOD moved for a Return of the Contracts whiclh had been entered into by Govern ment for Granite and other St.mes during the years 1817 and 1818. Sir THOMAS MARTIN thought this exposition very improper. The contracts entered into by indi viduals were of such a nature, is were not fitted to meet the public eye. In fact, it would lay them ex posed to the attempts of designing men, and be pre judicial to private individuals. He therefore hoped the Hon. Member would not press the subject. Mr. Alderman WOOD said he was ill ,nrepared to meet any opposition to the measure he had suggested.' The knowledge of a particular fact made him more anxious. By a particular contract, the public lost 1:60,000 or 1.:70,000. He was informed, that stone' may be supplied at Sheerness and elsewhere, at a rate which would give a great saving. A contract had been entered into for 16000 feet of stone, for which Government were to pay 4s. 6d. per foot; but he had been informed that it may be landed at Wa terloo-bridge for 1 s. Gd. and, by only employing con victs at Is. 6d. a day, would be doing a great benefit I to these creatures, exclusive of the saving. He was unwilling, however, from the thin state of the House, at that time to press it. The CHANCELLOR of the EXCIIEQUER then said that the proposal that had been suggested was very objectionable.—The Motion was withdrawn. At Nine o'clock the House adjourned. THE EVENING STAR. LONDON. TUESDAY. FEBRUARY 9, 1819. THE FUNDS. PRICT. Or STOCKS THIS DAY AT ONE, O'CLOCK : Bank Stock 259} Bi—Uranium pry. dis. 3 per Cent. Reduced 77fliii—Cons.77i Cons. for Acc. 77ii 61-3 i per Cent. 861 j 4 per Cent. 951-5 per Cent. Navy 1051+ India Stock 2281—India Bonds 77 79 pr. Exchequer Bills (2d.) 10 15 pre. The distress continues in the Money Market, from the great difficulty in getting good bills discounted. Consols are a trifle better, but the sales of Stock still continue to an immense amount. Consols this morning commenced at 77i1 for the Actount, and had not varied a fraction up to 12 o'clock.—At that hour the came into the Market, and were served at 771 Red. by the Jobbers generally. There was a fair trial of the strength of Parties last night in the House of Commons, on a Motion by Mr. CALCRpT to have the name of Mr. BROUGHAM added to the Committee appointed by ballot to in vestigate the affairs of the Bank. Ministers, as might be expected, resisted the Motion, and succeeded id getting it rejected by a majority of only 42; the numbers for the Motion being 133—against it 175. This, at the beginning of a new Parliament, speaks volumes as to the state of the public mind : and we are inclined to think, had the possibility of such a result been anticipated, Ministers would have agreed to the Motion, and not divided the House. When Mr. ADDINGTON resigned his situation as Minister, his majority was little inferior to that of last night, being then 97. The Finan ce Committee was re-appointed last night on the Motion of Lord CASTLEREAGH. In moving this re-appointment, his Lordship went at some length into the state of the Revenue, and repre sented its produce for 1818 as exceeding that of the preceding year by upwards of three millions and a half, leaving a considerable excess for the public ser vice. So far the facts bear out his Lordship's state ment; but Mr. TIERNEY contended, and so will most people, that, in such statements, both sides of the account should be fully exhibited. The Sinking Fund of fourteen millions and a half, he observed, ought to have appeared in the statement, and then it would appear that the income of the country would be thir- teen millions under its expenditure. The fact is really so, and it is surely high time that some change of sys ! tem should be adopted. It is indeed a Sinking Fund —a mill-stone on the neck of our national industry, which presses so continually as not to leave a mo- - ment's respite. Suspend for a time the operation of the Sinking Fund, and reduce your Taxes, and you will soon bring the Nation through all its difficulties. Instead of draining the last mite of industry, by al lowing it to remain with the people, it will every year produce an increase, and become a capital on which you may on any future exigency make large drafts without ir.jury. It will not then be in the power of ,any Member, as was the case last night, to state in the face of the country, that in one of our manufacturing cities (Coventry), a workman can only obtain for six days labour, of fourteen hours each, only six shillings !! The Paris Papers of Saturday arriced this •fort. noon; but do_ not furnish us with any French news of importance. A Frankfort article states, that ac cording te private accounts from Berlin, Colonel NfAs.sEnuAcu has been condemned to pass the rest of his life in the dungeons of a Pru s sian fortress. Had the Prussians the blessings of the Fret Consti tution, - which their Kits so solemnly promised tlieni several years no, Colonel -111Assr,:snerr would at least have had the benefit of a trial before he was thus immured for ever from the world. Had the King fulfilled that promise, the Colonel would ne ver have had occasion to give the offence which has brought down• upon him this severe visitation cf royal vengeance. French 5 per Cents. Friday, 71 fr. We have received to-day a farther series of Ame rican Papers to the 15t1. instant. Our limits to-day oblige us to be very brief in our extracts. nom an Official Statement which has been published it ap pears, that the discounts by the United States Bank and its branches amounted to 34,713,000 dollars, and that their total deposit do not exceed 24,607002. The Directors have commenced a system of economy by reducing the salary of the PRESIDENT and CASHIER to 6,000 dollars a year, and the salaries of all the other Officers of the Bank, '2O per cent.—Advives from New Orleans state, that in consequence of the lowness of the waters of the Mississippi, very little produce had reached that city ; that business was quite at a stand, and the merchants much embar • rassed. The best mercantile paper was at a discount of 21 per cent. per month. _~ i .6 1I 4 ~~ BANK OF ENGLAND. Printed copies of the various Accounts respecting this Establishment, moved for and ordered in the House of Commons, since the meeting of Parliament, haVe this day been issued. They are 16 in number. The following is a brief abstract of their contents: 1. An Account of the Total Weekly Amount of Bank Notes and Bank Post Bills in circulation from the 30th of Dec. 1817, to the 25th of Jan. 1819: On the 20th Jan. 1818, .030,622,350 21st July,lBlB, 29,433,460 19th Jan. 1819, 27,985,880 2. An Account of the Bank Notes in circulation on Saturday Nights in each Week, from Ist of Jan. 1818, to 25th Jan. 1819, distinguishing the values of the Notes: On 44th Jan. late. On nd Jan. ißis Note. of XS and upwards, £90,187,770 £3 7,505,240 Bank Post Bills - 1,819,020 1,758,670 Notes under £5 ',,d54,720 7,628,480 S. An Account of the Weekly Amount of Bank Note., in circulation, of the value of £5 and less : Ist Week of 1818. let Week of 1819. Notes of £5 £3,069,090 £2,954,860 Notes of £2 and £1 7,410,920 7,402,230 4. An Account of the Amount of Bank Notes in circulation on the 7th and 12th of each month, offers nothing in point of difference with the preceding Accounts deserving of notice. 5. An Account of the highest and lowest Aggre gate Amount of Bank Notes of every kind, at any one time in circulation : Highest Aggregate Amount was on 13th Jan. 1818, £30,945,280 Lowest Aggregate Amount was on 6th Jan. 1819, 24,610,230 6. An Account of the number of Forged Notes which have been detected by the Bank of England, from the 10th of April, 1818, to the 28th of It unary; 1819; Notes of £ 1 11462 • X 775 E 5 - 670 XlO 77 £2O 19 Above £220 Total Number - 23,104 7. Number of Sovereigns and Half SoVereigns issued from the Bank to the latest period : Sovereigns - Half Sovereigns - 3,799,869 1.410,391) S. Aggregate Amount of Guineas, Half-guineas, and Seven-shilling Pieces, issued from the Bank of England since the sth of January, 1816: X701.,419 I! 0 Total Number cannot be ascertained. 9. An Account of the .Market Prices of Standard Gold and Silver, with the Courses of Exchange, from Ist January, 1818, to 25th January, 1819: On 254 Jan. 1818. On 9211 Jan. 1819. Gold la Bars - £ 4 1 0 £4 3 0' Portugal Gold Cuin 4 1 0 4 3 0 Silver in Bars 0 S 31 0 S Si Spanish Dollars - 0 S 4 0 5 Excleange,llamburgh,2 U. 54 2 35 9 - Lisbon • 58 38 Paris, 3 days sight 24 20 23 SO - Paris, 2 Usanee 24 40 23 80 10. A Statement of the Balances of Cash in the hands of the Bank on account of the different branches of Public Revenue (Post-office excepted) : _ . Average Balance - 4 14 . 5 11.711* 11. A similar Statement of the Balances• in the hands of the Bank belonging to the different Depart ments of Government (Postmaster-Generals excepted), including the Balances of the Accountant-Gcneral of the Court of Chancery : • Average Amount .01.457,679 12. Postmatter-Generafs Account: Average Balance in band .1417,1109 13. Account of Unclaimed Dividends and Lottery Prizes : Average Amount, not alvanced to Government pursuance of Alta of Parliament, but M 'mining in the bands of the Bank - £766,932 14. Account 41 all Public Balances not particu larly specified in the preceding Accounts: ,Auregale Amount 4.57A22 ' 15. An Account of Allowances by the Public to the Biak : . • . • • Tote* 4,01,1 Aims* . 46,855 5 5 • 16. State of Advil: cos by the Bank to Govern rner.t on Land'and Malt. Exchequer' Bills, and all other Securities : t At 4th July, 1818: • 411,595,307 13 11 At sth Jar. 019 7,971,301 9 11 This. account lk exclusive of all Exchequer Bills anclikiikt" Tieasuri Adis Rurchaied by . the 114uk, whether advertisrolu be p;utl uff cu nut. LAW MTELLIGENCE. LINT ASSIZES.—WESTERN CIRCUIT. 11:10re Mr. Justice lletaurn and Mr. Jus:ice SotirmAstrrost—Tite , day, 11Iarch 2, at Winchester Wct.i.s—Saturday, March 6, at Salisbury. Donser—Thursday, Mach 11, at Lbrehester. DisraN—Moriday, March 15, at the Ca•tl.• 0C cr:r CoUNTY Or EV:TER—S:I2IC tt.ty, at GtAltlhAr. :;::.:.:.:.:--ilorday, March 22, at La•ii:::Lter. ~.- • :,l:T—Sitturday, April 7, at the Castle of Tit.inton. COURT OF KING'S BENCH, FEUUART & TIIE KING V. JAMES BOWDITCH, JOHN 1101 ipir ri; ANL OTHERS. The Djendants, it will be recollected, %ve l et a: , guilty of a conspiracy to carry off Miss Mary Cl a young Lady of fortune, who had been place 2 b y , relation, Mr. Turket, of Taunton, with Mrs : fc,,, ditch (the mother of one of the Defendants), f or purpose of forcilig her to marry James Bow(' —The Jury, at the trial of this very extra nary case, wer e of opinion that the conspiracy fully proved, and found the Defendauts term 'Mr. Scarlett moved for a new trial, on , affidavits, ascribing falsehood to Mis:s endeavouring to prove that she had Leen on =au tel m %vith James Bowditch, E 0 much so that was contidered by the persons in the neighbcur: of Mr. Bowditch's cottage on the point of marri aze with him. The defendants were brought into Court this dr, as the Counsel for the prosecution, pursuant to I:4 . appointment of the Judges, were to spew against the conditional rule obtained by Mr. :car' Mr. Justice BEST read the note, taken it the' which occupied several haws, and !!!!!! conch:dr.. 'the mass of evidence, stated that he had en^ ade tional note, describing the derneaaoar :1 , 2d conE. of Mks Glenn during the trial to be pec.a::ar!y rx dest and decorous. Mr. Seijeant Pr.t.r. opposed the followed by Mi. GAZELLE, Mr. :Moony, and WILLtAms; and the case for the plosecujun supported in the most impressive manner. Mr. SCARLETT rose at seven o'clock to sui - irtttl: application fora new trial, and was l(d:./wed other Learned CounseL—The Court postkoped iog judgment till a future day. . : ....~...~.,,r,~, .. NAVAL INTELLIGENCE. FALMOUTH, FEBRUARY 6.—Wind W.S.W. rived the Duke of Marlborough packet, with a n from Lisbon, in fourteen days. COWES, FEBRUARY B.—Arrived last evening, Jane, HALES, from the Cade of Gcod Hope, oa days, for orders; and the Dutch ship Hoop :11 Fortuen, from China, for Amsterdam, with so= sails split. PORTSMOUTH, Flrd, B.—Wind N. W.—Arrived is Majesty's cutters STARLING, from Guernsey, sni GEORGE, from a cruise. Passed up Channel the Cri terion; American ship, AvErty, 24. days from Yew York, far London; landed passeng e rs here. 1; e-4 out of harbour his Majesty's brigWAsr, and anc7- at Spithead ; and NIMBLE cutter for a craize. DEAL, FEB. B.—Wind N.W.—Came down Cross the River, the Waterloo, ALSAGER, for Bengal and China ; Bombay, fliottEros, for St. Helena, Bom bay, Etc. ; Lord Wellington, VAss, for Calcutta: Tontine, TURLEY, for Philadelphia; Laurel, SPY:: Ke, for Cadiz ; Elizabeth, SPOONER, for Jamaica; remain with the ontward;botind as per last. Arrived and sailed for the River; the Nimble, Bow.vrt.t.,from Seville; Ben Jolmon, GißsoN, from Ode•.!..i, and remains for orders. . LIVERPOOL, - FEnarAnv 7.—A:rived the WATT, from Batavia—sailed 20th October : the I . • atheth, for London, sailed on the Bth, spoke her . 27L . a November, in lat. 94.5. long. 23. 8. E.; also, arrivel the Thomas Tyson, from Pernambuco, in 49 days: on the 25th January, in lat. 42. N. long. 35. W. spoke the brig Grace, from St. Andrew's, New Brunswick, for Bristol, leaky. having been on shore on the Bar. MEYAGISSEX, FEB RUARY B.—Arrived sif th is Port. the Diana, JOLLY, from St. Michael's, for London, with sails split and bulwarks stove in. An Ameri can schooner passed up for Fowey with her main topmast gone. Friday the Parsee REGENT gave one hundred pounds' worth of beef to the poor of Brighton. The Widows of Naval Officers, though they may have re-married, are, under a new benevolent regu lation of the PRINCE RECENT, entitled to the pensic , arising from their former husbands rank, from commencement of the present year. Several widv have already claimed the respective pensions; and most instances, we are gratified to hear, such was • scanty means of these relicts of our brave sons cf Ocean, that it has proved a real boon to them. It will he recollected, that during the " mdt days" BONAPARTE made great efforts to.stir populace of the Fauxbourgs of Paris in his faveu The following is given, in a Work just published . Brussels, as a literal extract. from .the instructions he gave for this purpose to CARNOT, then his 311- mister of the Interior:—" It is necessary that sv. , should have the Menagerie along with . us. Ido nt-t intend that the doors should he thrown open; 171 that the animals may pass their claws a little way through the bars, and that their howling: may ce heard at some distance!" • IrVESTIIINSTER LLECTION.-.—The usual Prociaml tions of the approaching Election were made this day, in the several Parishes of Westminster, by the Common-crier, accompanied . by .the High coast' ahle &c. Orders have already issued from the War Oac? for thelemoval of all troops except the Guards, from the city and its liberties. This will be aecrunplisl.ett by Friday ; and on Saturday the Electieu com mence at Covent Garden. Flom an angry letter 13 abuse of Sir FRANCIS BURDETT, which : I .la;er C.% 1 wituntr has addressed to the Electors of West:l:l.l.e - , it is piohaLle that he intends to start as a Saturday as TatostAs Hum., Esq.son to Mr. 117'.' of the firm of MILL, SMITH, and Co. Uxbridgq, was hunting with a .F.ity be felt from his horse and broke his neck, and v:;• 1 carried home a ccupse. HIGH WATKR at LONDON DRIDOR TO-1k011110v.• Mcraing • - after Afternoon j. • . .53 --- 2 -•7 ..f. aitd rulsll-343:itho ,El( 2 . Pe. n rri; !Incr.: Lien ; 11 1 Ile fir f ; , we z : . traot ; ley na p. L A beVerd aul lat Mae', ~ .:t n cats he nein& to adc .4 .- cond..4 ryv. ind iun Trrt oxed aed h a !, GGI ;1 oop th ss rived is ey, and the Cri- Dm Yew Irt tr chere.l ca :rout igal and t. Bom- alcurta: SPY:: Kt, ca; Arrived Lt., front ta, and le her . 27La 9 days: V. spoke answick, le Bar. his Port, London, Ameri- at- main- hundred ley may nt rep- ! pensava roan the widows i; and 13 I was t!le as cf t'ae m. Iltmdred a favour. lisped tructicns his 31i- that sr: I do stir sen: 171 the Way way ce 704:1477 11 ' lade • b y i!..t :postai:lc ar U fEee .ds, frOM cotn- letter i 3 "[CART- arsiuter, gnaw. ::ke-F, et 11) I ' t 1 I .