Star. — London, England, 1819-02-08 00:00:00

• PARLIAMENTARY PROCEEDINGS. „A'.. HOUSE OF COMMONS, FEBRUARY 6. The Sestazga CAMP down to the House at half-past three; but • at four o'cloet, there being only 37 Members present, as ad jtiarameut of course took plice. FRENCH PAPERS. PARIS, FEBRUARY 4. A courier extraordinary brought yesterday to Paris the sad intelligence, that his Majesty King Charles IV. died at Rome, in the night between the 20th and 21st ult. in consequence of a malady which lasted only 24 hours. This Prince survived the Queen, his consort, only 16 days.—Journal des Debats. The Moniteur likewise mentions this event. Yesterday, before mass, the King received to an audience the Bureau of the Chamber of Peers, con ducted by the Chancellor, who pre.ented to his Ma jesty the project of law relative to the Duke of Riche lieu, adopted by the Chamber in the sitting of Tues day.— At one o'clock his Majesty presided at a Coun cil of Ministers. - M. de Saint-Marcellin, officer of the Garde Royale, and nephew of the Marquis des Fontanes, Chef d'escadron, was dangerously wounded in a duel yes terday, by M. Favot, of Nantes. The ball, which entered his poi,. has not yet been extracted. The Duke tee Richelieu arrived at Bourdeaux on the 28th ult. The. King of Prussia has conferred upon his Excellency the Order of the Black Eagle. Some symptoms of disorder having again been manifested amongst the pupils of the College Louis le-Grand, the Commission of Public Instruction has prorislonally confided the direction to M. Malleval, one of the Professors, who was installed by the Uni versity on the Ist inst. Letters from Vienna state, that the Emperor of Austria is zealously interesting himself in furtherance of the re-establishment of the Order of Malta, and that he has made proposals on this subject to the Emperor Alexander, and several other Monarchs.— It. is confidently said, that an important Island in the Mediterranean, or Adriatic, will be granted to This illustrious Order, which may accomplish a political ♦iew, by protecting those seas from the predatory eruizers of the Barbary Powers. _ _ It is announced, that on the complaint of M. Bel lart, the Procureur. General, M. Claveau, the advo ere, has been cited before dr.! Council of Discipline of his profession, in consequence of a letter which he had written, demanding the communication of some papers of procedure, and the issue in judgment of Contilion,' who is accused of having, about ten months since, fired a pistol at the Dula of Welling ten's. can i age. General Lallemand, after the entire dispersion of the Champ d'Asile, proceeded to New Orleans, where be appears desirous.of settling himself. Various re ports are circulated respecting the ultimate objects of this General. Some believe that he will establish a Commercial house, others that he is undertaking the study of the laws of the country, and purposes to become an advocate. He has purchased a house, r.rierving- to himself the power of giving it up in three months on {pa) ing an indemnity. In the Chamber of Deputies, on Tuesday, which vas exclusively occupied in healing the Report of the Commission of Petitions, a considerable number of Petitions were read. Among them was one from General 8:u-rosin, who is confined in the Concierprie: stating, that having been condemned to death in his absence, on the 12th of November, 1810, by the First Council of War of the 18th Military Divison ha ought now to be seat before another Cou nc il of i'or, to remove t.:1;:. sentence. That until this be effected, he can erercise no civil right, nor appear in Court, either as plaintiff or defendant. lle protested then against the denial of justice by the Minister of war, Who has refused him new Military Judges, and de. mantled the interference of the Chamber, that he might be sent to the Department of the Lot-and-Ga ronne, before his natural Judges, who will pronounce on the accusation of bigamy with which he has been charged. On the recommendation•of the Commit. tee, the Chamber passed to the Order of the Day. NAPLES, JANUARY is. A Sicilian vessel was wrecked on this coast on the cAd December. She came from Tunis, and brought the news that the Plague carried off in that town from two to three hundred persons daily. MUNICH, JANUARY 26. The Deputies to the States-General have assembled some days ago: they are occupied with the verifica tion of their election. THE EVENING STAR. L OND ON. MOYD AY. FEBRUARY 8,181 D. THE FUNDS. PRIDE OF STOCKS THIS DAY AT ONE O . C!.CCK : 3 per Cent. Reduced 77}}—Cons. )7 76{ Cons. for Act. 77it—Si per Cent. 86} 4 r,er Ceut. 951.1-5 per Cent. Navy 105+61 Bk. Lg. Ans. 20 346 i—lndia Roods 76 78 pr. achequer Bills (2d.) 8 16 pre.—Commercial 4s. dis. The question of the resumption of Cash Payments at,the Batik is a subject of very general discussion, but very little understood.- , —Some doubt the possi bility of payments in specie—others its expediency under existing circumstances—a third party see no objection to removing the Restriction at the instant— and a fourth take it upon themselves to assert, that it is a matter of no importance whether the Restric tiou be now, or be never taken off. Whatever indi viduals may think or say for themselves, we suspect few will be harJy enough (always excepting those who stop at nothing) to deny, that it is the universal and anxious wish of the people of this country to have a Paper circulation convertible at discretion into gold and silver. Any plan, therefore, by which this could be attained, must be highly interesting. Some months ago a plan was proposed by Mr. RICARDO, one of our first Economists, that the Bank should pay, not in gold coin, but in bars of some standard purity (say, for ;jam*, at Cs. 175. 100. or even any Itighcr prit e, per ounce); perfect liberty being at the same time established for the exporting or importing any description of bullion : we shall give the plan in his own words : " To secure," says Mr. RICASDO, " the Public aping any other variations in the value of the Currency than those to which the Standard itself is subject; and at the same time to tarry on the circulation with a medium the least expensive, is to attain the most perfect state to which a Currency can be brought; and we should possess all those advantages, by subjecting the Bank to the delivery of uncoined Gold, or Silver, at the Mint stand ard and price, in exchange for their Notes, instead of the de livery of Guineas; by which means,"Paper would never fall be low the value of Bullion, without being followed by a restric tion of its quantity. To prevent the rise of Paper above the value of BuUion, the Bank should be also obliged to give their Paper in exchange for Standard Gold, at the price of £3. 175. 52 1 ounce. Not to give too much trouble to the Bank, the quactkyl of Gold to be demanded in exchange for Paper at the Mint price of £3. 171. 10;d. or the quantity to be sold at the Bank at 178. should never be less than twenty ounces. In other words, the Bank should be obliged to purchase any quantity of Gold that was offered them, not less than twenty ounces, at £3. 17s. per ounce, and to sell any quantity that might be de inianded at 43. 17.. lOid. While they have the power of re plating the quantity of their Paper, there is no possible incon venience that could result to them from such a regulation. " The most perfect liberty should be given, at the same time, to export or import any description of bullion. These transac dons in bullion would be very few in number, if the Bank re gulated their loans and issues of paper by the criterion which I have se often mentioned, namely, the price of standard bullion, without attending to the abso:ute quantity of paper in circulation• " The object which I have in view would be in a great mea sure atizintd, is cite Bank were obliged to deliver unedited bul lion in exchange for their notes at the mint price and standard; though they were rat under the necessity of purchasing any quantiv of bsllion offered them at the prices to be fixed ; for that regulation is merely suggested, to prevent the value of mo ney from varying from the value of bullion more than the trilling difference between the prices at which the Bank would buy and sell, and which would be an approximation to that uniformity in its value which is acknowledged to be so deslreole." To this plan of Mr. Iticanuo we shall here add a short extract from the remarks offered upon it by the Edinbur j ,h Beriew : . . " As a device for preserving paper on a par with gold. Mr. RscAßno'Spl+ni,, in some mzteri4l respect:, inflnite!y creferable to the old methe..l of exeir.,rgir.g notes for coins. Vilen a cur rency conriies y ..it; . / paper, dud partly of the precious any over i! , 3!).-• of the former depresses, r,ot me:ay v..luc of the paper-n;Jaey, but of the cilia which tircuLite alorg with it. These coins arr, therefore, immediately crx.vertt d i.ao billion ; • for It is admitted, on a 1 hands, that laws prohibiting the melt ing of coinel money, bocouie, 111 such circum: glitz ino perative. Bullion, however, cannot be aerumeillted in any one country without losing its relative va.ne ; ar.2. hence the ult.:nate effect of an over-issue of 11.:11c paper, in 6 country erh , 7s • cur rency partly con slats of gold coins, Is an earot Intien either of coin, or of bullion formed out of the :fin. 13t,t, on 1':- casino's system, as there would be no coin in cireulatiar., there wou'..l be no empinymetst far the miters, and no low therCay occasioned to the State. As soon as the bullion merchants fcund that a proat might he made by scndi"g Notes to Cr..... 13ar.1., to be exchanged foi Brilirn, they would do so—and, as the ezpottati , ni of Bullion would be perfzetly free, them would be no occasion to hire a starving wretch to tercet, that a bar formed front melted guineas bad beet made up of fo reign coin. The value of Currency tv^;.4d not, a. formerly, be sustained by the undeshand agency of the mw.. wertbless of characters, the writers and clandestine expurnerr of colt)." From the opinirms we have prest:rned to give on this important qtiestion, in cur previ:Jus Numbers, our Re:tiers Ns have perceivel that it: one part of . Mr. lIIPARDO ' S principles sve perfectly agree with , him :—the Bank ought to have the power of paying their notes in Star.dard Bullion instead of coin. when large sums are demanded. But in another part of, his plan we from him—because it is not cal-1 culated to meet the changes which, from time to time, take place in the relative values of Gold and Silver. To have two standards of value is . an absur dity—an absolute impossibility ; and to persist in it is to hold out a premium for speculations, founded on the greater colnpralive demand there may, at any time, be in the market, for one of the precious metals than for the other. As there ought to be but one fixed standard to' which the value of all other commodities should have reference, the que:ion then arises, Whether Gold or Silver should be that standard ? and in determining this a careful eye should be kept upon the effects likely 40 result from the preference giecn to the one over the other, in giving to it the impct taut function of measuring the relative value of every other species o f property. in examining this question none but fools would take upon them to say that the present state of the country in respect to its circulating medium should not be held constantly in view. To reason on the necessity of this would be to waste the reader's time; and therefore we take it for granted that all will 1 1 agree, our present circulating medium being Paper, that no measure calculated to destroy its value and its advantages can be desirable or would be ultimately advantageous to the community. The resumption, then, of Cash Payments by the Bank—or rather, as we mean to contend for, of pay ments in Bullion, should be so contrived as to lessen, as little as possible, the circulation of Notes ; and that method of resumption which shall, in its nature, be least likely to produce this effect, is the one that' should be adopted. It is obvious that the value of every commodity is affected by its portability ; for even Gold and Silver cannot be removed from place to place without the expense of carriage : nay even Bank Notes are subject to this deduction. But the expense of transporting Silver is twenty times that of an equal value of Gold ; and the expense of trans ferring the latter from one place to another is a hun dred or a thousand times that of Bank Notes. It it obvious 'then that the Public can -never be brought to prefer a metallic currency to a paper one, unless h be accompanied ss ith some other circum stances of loss or inconvenience, which more than counterbalance the expenses and inconvenience or the transport of the precious metals. And it is equally obvious that the speculators in specie for the purpose of melting, which is the only evil to be dreaded, were the resumption of Cash Payments instantly adopted, must cease their operations the very moment that they are cut off from the possibility of making a profit by the transaction--or such a profit as would cover the expense of transport. These premises are undeniable ; and from them it fellows, that the standard fixed on for the measure of the relative value of all property and commodities should be—not Gold but Silver ; the latter being twenty times more cumbersome and inconvenient than the former. Not that we would propose that the Bank should be compelled to pay all their notes in silver. The thing is impossible ; and were it pos sible it is not desirable. But if they may also pay in Gold will not this be establishing two standards of value ? No, by no means. Let Silver be the fixed standard, say ft ss. or ss. 2d. per ounce (or any other fixed and invariable rate) ; let the Gold rise or fall in price as the demand in the market may in fluence ; and let the B pay in stamped ingots at the vice—or perhaps a very small hide hi,;lier. If this mealurc be resolved on, the Bank, as we have silewn, in a prezeding Number of the. STAR; may resume cash payments in a week, and thus may Ministers prevent the late silver coinage troin finding its way to the melting pot : for, except for the mere purposes of change, the commercial world wanti no coin, or any other medium of circulation than paper, because no other is so convenient ; and it is equally . obvious that no person would ever trouble the Bank for payments in metal when only a loss could be oh lained by melting it. Our proposition is so plain, and the results which it would yield so obvious, that we are confident it need; only to be coolly examined to insure its being acted upon. You may resume cash payments to men ow (or as soon as a law to regulate die measure can be passed) without the least danger: and cer tainly t'.ta would be highly preferable to any post, pone vent of tiic rc;umption of cash payment!. We 17ave g;vcit in a prece,Ung cclunth some tracts Eton: the Paris Papers of Thursd ty, }itch ar rived ye-cc: day—the most remarkable article- of which is the anvuuncement of the death of the .King, Cii.I:2LZO iV. who died at Rome on the night of the 20th and 21st ultimo, in consequence of an illness of on!i it.,:!; : , l 4ur hours, and only sixteen days after • the death of his Qrtex. We have also received, this firenoon. tha Pal:s Papers of F:iday. The new Aml , assador to the English Court, the Marquis de LA•rotra.-11Lttraorno. hat!, on Thursday, his audience of departure. The Marquis is a Lien. tenant-Ger.eral in the French army. At' the . battle AusteAitz he greatly distinguished.himsof.as Co lcncl of the 223 Regiment of Light Cavalry. As a .Varechal de Camp, be commended a Corps of. Ca valry during the campaigns of Prussia and Poland. He was wounded in the arm at the affair of Deppen, and acquired fresh laurels at the battles of Ilielsherg and Friedland, where he was again wounderi. lie was not among the Senators or Peers of BONA FA RTF, but was created a Peer by Lofts XVLII. in ISI4 , ; and during the hundred days he retired to his coun try-house, where he remained till the return of the KING enabled him agaia to take a part in public tv • a.airs The diplomatic part of the French Government was till recently entirely in the hands of the Ultras, every Ambassador, without exception, being selected from that " holy band." With the new Constitu tional System which has come into action with the new Ministry, this could not of course agree, and these Centlemen are recalling as fast as possible. A general opinion prevails among their countrymen that tlley have grossly abused the influence which their situations gave them by impressing fcreign States \vith v.ry false ideas of the state of public feeling in France. Lieutenant-General MArntru DAMAS }-as been named President of the Committee of War, in place of M. ALLEN; who has been removed to another Department. M. de Sr. MARCELIN, an officer of considerable reputation, and said by some of the Journals to be one of the Editors of the Consertiateur, by others to have been only an occasional contributor, has died of wounds received in a duel, which he fought on Mon day last, with a DI. FAVAN, of Nantes. Accounts from Madrid, of the 22d of January, re present the expedition at Cadiz as being at last nearly ready for sea. The squadron of war ships, which is to make part of it, consisting of four vessels of the line, and eight frigates or corvettes, is asserted to be perfectly armed, equipped, and manned ; and, be sides the transports already prepared, twenty more it seems are daily expected from different foreign ports, where they have been contracted for. In addition to all this, four battalions of chosen troops, with detachments of artillery and sappers, have, we are told, received orders to march from the interior to increase the number of troops which are to be embarked. Of the recent events at Valencia, all that is sertainly known is, that a great number of per. sous have been arrested—that the garrison has been reinforce.] by troops Pram CAtaionia— aid tl.at City is in a state of Aiage. The coa s t s o f G a l l;cia tinue to be still infested by Insurgent creize::;, have recently made a number oT prizes. French Five per Cents. Thursday, 7lfr. 70c. We have been favoured with the following t x; from a Private Letter froth Berlin, (Ix e.l the ult. Some important changes, it will he observi have taken place in the Prussian Ministry. Folic ing the recent example of France, (which in this spect wisely took Great Britain fur its model), Ministry of Police has been suppressed, and Department united with the Ministry of the Inten q PRIVATE LETTER. " BERLIN, JANUIRT26 " You will most probably by this time have L of the recent change in our Ministry. Prince \ genstein, the Minister of Police, has been entry with the management of all the affairs touter; the Royal Family, their various ',ranches, acc. the Ministry of Police has beck entirely done 21 and those branches which cannc: abeished linked with the Ministry of the Interior. E; Humboldt, our Ambassador at the Court of S. 'James, has got a Ministry of his orn, cornprelv ing some departments which were formerly with the Ministry of the Interior, and refer.iai, the state of the provinces, the condition of - .lw r :ants, &c. It is said that Prince Ilarde.therg i scare, and that theaVice-Chancellar, Count rern,; will be nominated his successor. There are at sent great discussions about the publicity of Cu; proceedings and the postibility of introchicing Jai The present Minister of Justice, Baton Kircl:ei2e; said to oppose it. The Minister of Justice wha i the Commission for the revision of the Establi.lin. on the Banks. of the Rhine, Baron Peyme is, .ay, very partial to it ; while a Comn.ittce of Litt have reported d neither pro nor cen. Twci of car nisters, Baron Altenstein and Baron Pe; me, ! been decorated with the large Order ci the Rel ‘• Oar Carnival began last night and will LE the 2M of Februai y. Seven or eight 01. eras a; be performed during it, but only one of them a one, called Het neon and nuaclda, set to inial Mr. B. A. Weber, the text by the inexhaustible indefatigable M. Kotzebue, who, they say, is %re of returning tc Russia. Ills Ft:laical cpp:,; have in later times L'cn very numerous, and tl.! mate seems no more to afire with hint. Cal. is at present the great hero of car Stage. N( than three translations of his Ph.yq are adverti, being about to arpcar. Otto of these by Gril said to be superior to all cheTs. A trai.siaii( Shakespeare's Plays b y Messrs, Vor: and Sons, a consirler7.ble acise :n the literary wi.rld. 'lle ther is jurtly fanicus a: a transiatcr of liorler's and Odyssey. Should this translation be shall possess no ltrs than four, viz. Wielan.i's, chenburg's, Schiegel's, and Voss's.• Mr.Gttes is said to be engaged in a s 7 milar undertaking. Titck's work on Shakespeare, for which he eoi. materials during his eery short stay in Engl., reported to be in a state of forwardness. It a critical one, very much aftvr the plan of Dt. L. Plays from niakespetre's time, and in which I himself represented as a character, are greet vourites with our public, " Shakespear as a and " Shakespeare's destiny," (I don't know 100 translate them otherwise) have been performed great applause.—Raising Me Wind will also make its appearance, and is expected to hat good run." A Flanders Mail, bringing Brussels and Gen Papers to the sth instant, arrived this day. E Brussels itself there is not a word of intelligei worthy of notice. The following are the ace( from other quarters brought by this conveyano MUNICH, JANUARY 22. The relations of our Government with the Pa, Nuncio attract attention at this moment. These lations are not such as had been expected at It Though the Nuncio has been here these tw•o moa he has not yet had the solemn audience usu - such eases. It had been positively announced, that the first fair with which this Prelate was to be charged w , be the determination of the endowments for the Bishopricks established by the Concordat. There no doubt but that during these two months have been very active negociations on this sub.; hut there is no appearance of their having a satil tory result, at least for the preent. Many persons are persuaded that cur Govern has resolved to come to no definitive decision ca subject for the present, and that its intentica propose to the Chambers a Project of Law to fi: endowments. The assembly of an Ecclesiastical Congress al the Nuncio, has greatly alarmed many persons, perhaps not without reason. The Goverrfnent just put an end to these alarms. A Royal Ordinance, this moment published, bids all the members of the Bavariv► Clergy to to the Capital, without having first obtained his jesty's permission. Several Jogrnals have affirmed, and others repeated it after them, that Baron Florenstien, died some time ago at Munich, was not dead w, he was buried. The reports on this subject are w out foundation, and were contradicted at the , c•„.. . •: ...!., ' 1 al-a ct 2f CE;, 1 now. is c t , 1, th e ezz !riu: 2. Leal , kV», ~..qt.l !raiz: v...i t 2..v.17, ; a 2, r e B ,1:1•2 . l el! . ~.:•:el !ig to I i• re s . ii to It Die. 1: :Cr mare!. ,ea, : it 0 it 12 .n.e.y.s , Illsy tryers ar LE- , Li- At Ea2le. ,i... id t•i7' t. anew .!.... iy lit uil L:1 i.e L c.. I.!eva io 1)..t i,.ed zi Tics, is ,tiva ci . nricas (he fc- ) I.rd zit, rt. 'l, E!- is all: . Kr. i.xx.'. .-....1, is ..‘i2 Iv Utah. i Ee is :t ia• late how :a c i cgi D SCO Mil a iteen Pros igence coons ce: Papa! ese :.• Ro:r!_ 1Q:1 - ..: - . , . ;uai :3 irst •11- \VC ...: se ti::.. Isere !, fo , •! j bje::, ttisfa - noient ca tLii 1 is :0 GI t7.:e aboa , s , a:A at L.: 5 a, fa. ) core is Ikl:•• s!::1f t I , wi . . skl - .: 3 ! wi . .l;• ti•:*f i :F :, 1 y~ i / ` E i ' ~ t f • • r