Star. — London, England, 1819-06-05 00:00:00

assigned to them as heretoibre? Lord LtvElttooi answere d, that he had no wish on the subject, and he referred to the Governor of the Bank, to have his op i n i on . The Governor said, that he could answer for the Directors of the Bank, that they had no de sire to embarrass the Contractors, by having any part of it given to them. Upon which Lord LIVER POOL said, that no reserve should be made for the Corporate Bodies. Thus have Ministers at last abandoned the erro- ' neous system upon which we have been so long act ing, and which has involved the Nation in almost remediless difficulties. ei Better late than never," is an old adage, but it fosters hope, and at .least we have the consolation to know that the growth of the evil is now checked, if we can only prevent the in• flammation which it has left from turning to a gan grene. We have ever been the opposers of the delu sive system which has now terminated, and often have we been abused for expressing our opinions so freely as we did on its baneful influences. But what should we now say of the consistency of those who abused us, and who are now among the fore most to laud the wisdom and prudence of Ministers in forsaking a course fraught with so much injury to the piospertty and the resuulcc of the country ? Of th.m we shall say nothing, but we cannot do othei wise than congratulate the country on this re - turn to rational principles. The principle of the alteration in the Assessed Taxes we understand to be this—that by paying a comp& sition of five per cent. in addition to their present Asses sed Taxes for Houses and Windows, and of ten per cent. for Horses and Carriages, persons may increase their existing establishment to' any amount. But they may not add fresh articles: for example, a man, by paying ten per cent. upon his peseta Stud of Horses, 'suppose three, may, if he likes, add other three to the number; but, not keeping any Carriage, be may not now set up one for the composition.— Should the Minister, instead of allowing this election to operate for three years, as is reported, make it ten, it is very probable the Revenue woulsi be ultimately benefited; but who would break out new windows, and alter the fronts of their residence for a three years• exemption from the intrusion of Inspectors? No man in his senses. The Paris Papers of Wednesday arrived this forenoon. The Chamber of Deputies resumed on Tuesday the discussion of the Budget. The question which came first under discussion was the proposition made by M. ROLLAND at the previous Sitting, for transferring to Government the expense of maintaining ditches and planting trees along the sides of the Royal highways, the same hav ing hitherto been defrard by the Proprietors of the lands contiguous to the roads. - M. Roy, in the name of the Commission on the Budget, reported that they had had the matter into their consideration, and were of opinidfi that, in as far as respected the maintenance of the ditches, the expense ought to be borne by the State; but that with regard to the plantations, the question was, more complicated and one on which they were not prepared to ,offer any recommendation. M. PASQUIER, the Keeper of the Seals, combated the proposition both as it respected the ditches and the plantations. He did not see that it was contrary to any principle that a property placed in a particu lar position should be charged with special burdens, especially when that position was attended with cer tain and incontestible advantages. Property situated close by a high-way, possessed facilities of commu nication which made it always sell much higher than land of the same quality and extent at a distance from the road. If the proposition, besides, were adopted, it must lead to great inconvenience, since the same principle would require to be extended to all commercial and private roads. His Excellency begged to add or.e other reflection : if such an amend ment were passed, it would be destructive of the constitutional system, and ruinous to te Royal pre rogative of the initiative, to attach in this manner' legislative dispositions to a vote of ways and means. The previous question was then put to the vote : two trials by selling and rising were doubtful. On all sides the:e was a call for a nominal appeal. The Misiselai of the INTERIOR rose, and request ed to be heard. ISO M. DE CHAvveils ran to the Tribune.--" One moment : Will you permit the Minister to speak The discussion is closed." demands it after the questionhas been twice p ut tb ' M• De ? e " chauvel i n, I did tibt the T v h ot e e p , i c t a ts n iD be s l , i i a ._ ve ,, it ; y i o t u ma w k h es at n i o t d e i n : s j rn oi a i l l e thTeheCiiinajrtuenrc.tioln lisa%irempreearidous to t to inc it t . tn ;(pth,eefoPritensdidseinietnccea.n) do nothing bu t submit The Misisrte of the INTERIOR then rose.—" If the Charter has granted to Ministers the right of be ing heard at all times when they believe it useful to the public interest to communicate to you their ob servations, this communication becomes an imperious duty, when they have to adduce a fact which may with certainty throw light upon your deliberations. Is it not right that we should make known to you the amount of the expense which die relief proposed to be given to the local proprietors would throw on the Government ? The Honourable Members who believe themselves best informed on this point, have not such means of coming to a conclusion, even ap proximating to the truth, as Ministers possess. From calculations which are before us, it appears that the expense of maintaining the Ditches alone would amount to about 2,000,000, being more than one half of the whole extra grant which you propose to grant this year for the reparation of Roads and Ilridges." The Priest/A:Nor then proceeded to take the sense of the Chamber by nominal appeal. Out of 215 Members present, the adoption of the previous ques tion was carried by 112 to 103, and the Amendment was of course rejected by a majority of only nine. e tR . aoi l TD he p.ATn: C ece h nc a d. m mal b el e l r onf t s l: %;:it i de which cpholNsivebederreabrt7ee rejected successively on cer- S a A n t d E t N h , e N gr l. a d n e t N ec i. te d d e ; for roads, highways, and mines, was at length fixed as originally proposed, at thirty millions. The Chamber afterwards voted, For Works of General Interest at Paris For similar Works in the Departments I ,400,000 fr. 1,000,000 fr. The Chamber next proceeded to the consideration of the Article of Departmental Expenses ; but the usual hour of rising having elapsed, the discussion on it was adjourned till next day. A cause of rather a singular nature has been tried before the Tribunal of Correctional Police at Bout deaux. It was a prosecution at'the instance of the Km; against two persons of the names of Bergerac and Joanny, for having been the chiefs in a secret conspiracy against the Government. It turned out in the course of the evidence, that the accused had indeed been the chiefs in a conspiracy, but that it was a conspiracy during Me hundred days in favour df Mat King who was now their prosecutor.— The Coat found by their judgment, " that, however reprehensible their conduct may have been, it is not prohibited by any penal law, and that the accused ought therefore to be acquitted." Five per Cent I. Tuesday, 66fr. 85c. FROM OUR PRIVATE CIintIMIPONDEN't. " PARIS, JUNE 1. " The revocation of the Edict of Nantes destroyed the commercial and manufacturing interests in France, a wiser policy has dictated the abolition of the Droits d' Aubaine, or right of the King to inherit the property of all foreigners who die in his dominions. This measure is more profound and important than it ap pears to be at first. sight : no country is named, but it is evident that it is England that the measure has in view. English families, we are told; emigrate to America, there to avoid oppressive taxation, and turn their capital to advantage in labouring the soil ; and some of these find but an uncertain prospect of ad vantage, after incurring immense expenses in the voyage, and taking a final farewell of all their friends and others, breaking as it were all the social ties that link mankind together. By this new French measure, the tide of emigration will, it is hoped here, be to France ; for here real estates yield 5 to G per cent. interest, and the Funds 7 to Eq i , or just the double of what they do in England. In France there is a soil rich in itself, and which can, as events have proved, produce every thing for want or luxury—all that is wanting is capital; and once this odious law abolished, there is no doubt that English Capitalists will go and settle in France, and establish manufac tures where they can have no competition, and where the profits will be triple of what the same capital and exertions would produce in England. For in stance, in Cotton Manufactories the French are so far behind the English, that in order to prevent the trade from being ruined, Government is forced absolutely to prohibit entirely the use of the latter; but when Eng lish hands, directed by English heads, are occupied on it in France, there can be no prohibition, and con sequently the parties must make a rapid fortune. But it is not only manufacturers and citizens who will enn tageotiS to all Who profit by it. il,is will :LTA- a gre ater blow gt England than any that La: been made. Her lavish errenditure, her resistance against all economy., and her neglect of the esscntiai means of prospei ity, will pi 0t3:1C , ! an ernigraY.cn rtr.i a loss of capit..l, of which she wall only bccerne Bible v.hen too Lite; for \%ho will prefer sta: home to luxuries abioad? Who v. ill ccr.sent te lthe bread of his chilJren torn from them by gatherers, to support an schemes of senseless amLizion :it . -r-; :, 7'!It•: :IR All: ;7ral Lieutenant' Colonel 1;0•.1NQI•7.T has been mciti , ,ly elected Culonel el the Light terry, vice ll.Aiircis, decca , .ed. Saturday the ‘..)d Backs Yeomanry valry concluded their :.ix fet - inanci,t 1 Buckingham. On the 21di they v e:e Stowe Palk ; and new t(,:t-a;., \t e; Regiment by the Counte Temple. Fit NAVAL INYLI.I.IGL.VCI:. Count DE CAZI: (from his seat).—" It is to men tion a fact Fa: orient, JeNr. 4.—Wind S. W.— Ariirt-t.: 11... Lot,: ' mouth packet, with mails from the L.i.ward from Tortola, ‘..lsth April. The Stmniner pack.. ApriL Poarsstorrn, dear. 4.—Wir.+l 14EATI1ORN. from London to Doinhay, and Jelitur. , 0,1._ • • Batavia, passed down Chaimel. Pas.. ..1 ul CleaLnel, the S; I'atriot, Duests, from Cadiz. Mat., duns 4.—Sailed yesterday morning, the A. 11.4.:., num, for Madras, with the t. at of the out wati!-1,,...rf!, the Francis, South-S:arnan, which tern:liql. and remain for order% the Mary, Sisv., from 2.l4.x:r'' • Eliza, Lartrtima, fr,.m Tent tiff,. Came down (run the and sailed, the ilArnioni, Woow.ct.t., for b.-to..tata ; BAILULII, for Gibraltar; .('onto', CAN:!•;., for C.!0.t., Castk ; and Prince of S tire ('olv:te, Smi fot Cowls, .Im4: 4.—. Arrived the (a) Cadmus, CUUA'.I, f eta Manilla, for orders, out 121 days—left h.adine 1.. Wxt.a.aasx, which expected to sail the ni xt day; Xaw Mimi, MAY I.—The brie Diana, lAN:, triTe'!“.-ne. put into Gh.micester in dist:, bs, 47. days from land) in Irillast, bromd to St. Amlre-w's ; chip A -: s, from Liverpool at Ilaltimore, in 40 clays; shii. El: • c • from Liverpool at &iv:still:di, in 44 days. Boston Papers arrived this morning, to tl-.e of May : FROM TM - COLUMBIAN' EFVTINEL OF TRINIDAD. M.%RCII a. Paez has announced, in dispatches dated t.:te 15th of February, the retreat of the Spanish army over the Aranca, after in vain anempting :o bring the Patriots to action. He adds. that from the time of Morillo's crossing and recrossing the Aranca, he lust 1400 men and one field-piece, cut off in tl:e plains by his cavalry, which amounts to 2.500. T" - o thousand infantry and artillery are proceeding firm Orinoco, to join Paez. On the '27th of Februar,. General Bolivar set out from Angostura to rc:oin the army. General Hursley and the Engli.h tros daily expected ; they will probably co operate i‘:th the expedition from Santa Margaritta, and fertri a junction with General Mannes, in Barce!ona:' " MARC ARITT 1, 1.A12C1 1 . 18. " An Expedition of 6,000 men is fitting here, cre half English, to be commanded by Gen. Ondinette. " MACGREGOR'S EXPEDITION.—thici.,I advices have reached Santa Murtha, that General Macgre gor, with six sail, and from twelve to fifteen hun dred troops, have landed at Porto Belle." " CURACOA, APRIL is. " Information has this moment artivcd, that Ad miral Brion, with fifteen sail, has blockaded Laguira ; and that at Porto Bello there is an embargo." WILMISGTON, APRIL 20. " The President left this place on Saturday, at twelve o'clock, in the steam-boat, for Fort Johnson, accompanied by a number of Gentlemen, where he arrived in the evening : the nest day he embarked on board the revenue cutter, and proceeded as far as Baldhead Island : on his return he landed at Oak Island, taking a complete view of the channel and prominent points of land, on which it may be neces sary to erect fortifications for the defence of this port. " QUEBEC, APRIL t.'o. " On Tuesday a Message was sent to the House of Assembly, by his Grace the Governor-in-Chief, ir.- tbrming that Body that his Royal Highness has been pleased to order grants of land to the Militia embo died during the late war, and requesting an appro bation of I.:3,000 to carry his Royal Highness's eiders into effect. The money was voted in a Committee of the whole house, and a Bill is, we understand, preparing accordingly. " 'I he discussion of the Civil List commenced last evening, and will be resumed on Saturday." FROM THE NEW YORK GAZETTE 01 APRIL 29• _ " By the schooner Retrieve, Twycross, arri►ed from Santa Martha in thirty days, we learn that of ficial information had been received at Santa Martha. That General Macgregor, with six sail, and ken twelve to fifteen hundred troops, had landed near Porto Cabello, and were daily expected at Santa Martha. The town was under arms ; all the Indians and troops in the vicinity, were ordered to that place to defend It, should General Macgregor make an at tack upon it. On the Bth of April the Retrieve spoke a transport ship (No. oaf lleneaga, from Jamaica to Sierra Leone, with black troops on hoard." The Baltimore Pat riut states, that the l' sited States sloop of war Ontario, Captain B iJic, arriv:d at Annapolis on the evening of the 115th of Aprd, after a on cruize on the South American station, last morning. :t. 'lll4-nus, ion; it is re rs t'or 'run: the Fa- ;man at Yet .os, Es q. fic 1:01 not tem.:: 11.equelicc ot CC.. tl , tee pet L. f.r• and 11:tvi: - .1 . Icet, t'acy buty guinca. reyeatcr, „-..-,, i to take in the . omnium in the usual way, he did not The MiNisTEE of the INTERIOR rose, and request- behind the English, that in order to prevent the trade and troops in the vicinity, wcre ordered to Mar pia `.; think it advisable to have recourse to either of the ed to be beard. from being ruined, Government is forced absolutely to to defend It, should General Macgregor make an tack upon it. On the Bth of April the Retrie High Loans; and he trusted, that taking 12 millions M. DE CunuvEttN ran tate Tribune.—” One prohibit entirely the use of the latter; but when Eng- spcke a transport ship (No. 16) ol' lleneaga, fro ! from the Sinking Fund would not be inconvenient., moment : Will you permit the Minister to speak?— fish hands, directed by English heads, are occupied Jamaica to Sierra Leone, with hhck troops On boars He could not anticipate how " the machiner y of the The discussion is closed." on it in France, there can be no prohibition, and con- The Baltimore Patriot states, tli:ir the l - sited :k at ' .., " Sinking Fund would operate, thus reduced in the Count DE On (from his seat).—" It is to men- sequently the parties must make a rapid tbrtune. But sloop of war Ontario, Captain Biddle, arriwzd s, O tion a fact it is net only manufacturers and citizens who will emi- Anna p olis on the evenin g of the '2.sth of April, aft $ .' first instance, to bet ween three and four million a long cruize on the South American station, is but it was obviously preferable to a large Loan under The PRESIDEN T .—" The Minister of the King has grate, there is a class of consumers who will also fix from Rio Janeiro. . „ the :letermination of the Bank. The CHANCELLOR the right to be heard." themselves in France—it is the class of persons living A Leeward Island Mail arrived this morning. . of the EXCHIIQUFA added, that it was under the sane- Several Members frOm the right and le ft . —" The on small fortunes of from £lOO to £l,OOO per annum, Extract of a private letter from St. 'lll4 - naA discussion is closed." out of business—who have their money in the Funds t ;on of the clause, in the Act nieved by M r. Fox, thatdated April '23 :—" No news final Brion; it is r l' the Sinking Fund might thus be applied to the Loan . ii Member ikom the centre.—" The Minister or in land. Here they can live in a superior manner, ported that 600 men had arrived at Mor . goritta, , ei der the cornmand of Colonel E: gins:). ri•icei ( cr. I. orthe year—and there would soon be'a real effective ought always to be heard, even after the discussion at half the expense; and by selling in England and missioners are arrived by the packet, from the 1' •Sinking Fund, of between four and five millions, an : i A -.- .s closed. " M. IleNotsr.—•" buying in France their income is doubled, or indeed . triots, to our Government." It ight." • plicable to the liquidation of the D eb t. The PRESIDENT.--4 , Article 54 of the Charter is pa:in/pled—because living being at half the expense A l etter d a t e d .50) Mac, from a Gentleman at Me in France, it is as if they had four times their income. *Dina, who is with I LINN' ea W - A itilincros, Esq. t: Mr. ROTHSCIIILD begged to know, whether Ex- an d may be beard whenever thus conceived : ' The Minis‘ers have a right of en. It is to be appreheaded that imme nse numb ers of this British Cohsql at Tripoli, says-- , . We shall not tens chequer Bills would remain at their present rate of tering either Chamber, class will emigrate, if it can be called emigration, a t aria, i n ' , tor way to T: ipoli, iii consequence I ' interest, or whether the rate would be increased ? t h ey d eman d i t : .. when you can visit or hear from your friends in as said, they must reserve to The Earl of Livelleoot. M. CitAuvat flC—" the Plague having again broke oat there: * b un - . le the discussiOn, but.not , short a time as a person in Edinburgh can from his Ab out one o',lock, yesterday riu•rrinc,. tl'tee 'le , th e m s elves-the discretion of issuing them at an in- r. sons attacked the Collector of the :fol. a ;Si. ..I surely in the m ils . of votirg...--:Great agitation.) friends in London. The more, therefore, we consider the abolition ef creased rate, if it should become necessary, .s ...mister of. the King de-`the • " tin'sil . 1 . ern pi ke Gate, pear ted‘ury• and hay:' • The PRESIDENI.—" the Law the more we are s t ruc k w i t h th e bialiant blindfolded him, and. ticd i ts bans', .iiLl Icet, tla. Mr. RICAnoo desired to know, as the Loan was mands to be heard ;it is the President ' s duty•to give • •, •r r. „goncepPoo, or tr - e C ount De CAEEs, to whom it is plundered the house i•! ei.,•:.:c,..i C.!nteibuty guinc• to b e ~o s mall, whether it was intended, that the hi m a h eal i ng ." attributed. It is a treasure which will enrich•france rat" r, two onc•pounA nott:• ; a.... a Boid Nyco..' , ' u lti I•a• c 'lor'v . o fe ol porate Comoav•c•• !•••••w- 1 o , A it M. D . ca,itivet,:N.— , ' If, however, the Minister immensely, a:l.-1 ;.: tl,e slrne t:me bee r;lly acivatt• ,-; old c h,.:,. alai .., •!. ~ I I c. . 't 3 ' . , ' . .. .. , 4.9 Z'HE EDIKOR OF THE STAR. Sta—ln your Thursday's Paper (the 3cl instant) lobserve it is :n_miow-.', you had learnt, front undoubted authority, that my ::^117,1, under the Firm of Ikluet.it and BILUILNER, at St. Peters burgh,.itad been authorized, by his Imperial Majesty, to nego ciate, in this country, a LOan for Ten 31illlons Sterling. Without animadverting on the author's motives for such a pub lication at the then moment, I request you will, in your next Paper, cmitradict the fact as to my House having been charged by 11!4 Int;a•rial Nlaj. sty's Covernment with such a negociation ; set which ltlecktre hereby not to have the least knowledge. 1 am, Sir, your obedient servant, J. E. MEXP.R. Partner in the House of Meyer and Bruner, at • St. Petersburgh. Linden, June .5, ISM. THE EVP:SiINO STAR. LONDON. SATURDAY, JUNE 5, 1819. THE FUNDS. FRICK OF STOCKS THIS DAY AT ONE O . CLCEK Bank Stuck 228 230 s.per Cent. Reduced 691 7oi- 69i Per Cent. Consols shot 5,1 per Cent.7Bl—t per Cent. 8894 per Cent. Navy shut Bunk Long Annuities 181 India Bonds 3 dis. 1 pre. Exchequer Bills (2d.) 5 7 pre. Commercial 30 discount Consols for Acrt: 691} 711 71170; 71 Long before the usual time of btsiness this morn ins;, the Stock Exchanae was crowded. Much bustle and confusion prevailed during the whole of the morning, and a great deal of business was transacted. The Consols opened at 6.91 1 , went to 70, 71i, 711, 72.. The business of the Commissioners' box is now nearly annihilated. . - As we announced yesterday, the Gentlemen who had formed lists for the Loan, waited on the Earl of LIVERPOOL and Mr. VArisizrAar, at twelve o'clock. The parties ware-1. Messrs. RICARDO and Sons, Mr. 11AWMOND, and others.-2. Mr. ROTHSCHILD, Mr. MORGAN, Mr. MONTEPIORE, and others.-3. Messrs. REID and IRVING, Mr. WARD, Mr. ELLIS, and others. ' The Governor and Deputy-Governor of the Bank were present. Lord LIVERPOOL stated to the parties, that he had sent to the Bank a paper, proposing three plans, to ascertain if the Bank would take in the Omnium, and advance the instalments in the usual manner, pro vided any one of them was adopted. The plans were. to raise a Loan of 30 Millions, fixing the last payment on the lst July, raeo. ns Pito lekroltto But the Bank had that morning refused to take in the Omnium, under any of these plans. He therefore now . proposed to take 12 millions from the Sinking Fund on the sth July next, which would leave a Sink ing Fund of between three and four millions, and to raise a Loan of 12 millions, of which 6 millions would be taken in Exchequer Bills, at 20s. premium. A Loan of five or six millions, he said, would pro bably be wanted next year. The amount of Exchequer Bills now in the hands' of the public was about 21 millions, and as Govern ment would want to issue only £BOO,OOO more, it would leave the amount of Exchequer Bills in circu lation under 19 millions. The Loan, therefore, would be 12 millions. The biddings to be on Wednesday, the 9th June, at ten o'clock, 1:80 Consols, interest commencing sth July, 1819.—The bidding to be in Reduced, and the in terest commencing sth April. THE PAYMENTS. Deposit 10 per Cent 12th June-1819. tt 10 ditto , ltith July. 3 10 ditto 0 0th August. 4 IQ ditto l7th September. 10 ditte e lath October. 6 10 ditto 19th November. 7 10 ditto 27th December. 8 10 ditto 21st January-1820. 9 10 ditto 18th February. 10 10 ditto 17th March. 100 Discount, 3 per Cent. for 279 dap-14 ls. sd. per Crag. The Noble Earl said, that as the Bank had refustd to take in the Omnium in the usual way, be did not think it advisable to have recourse to either of the High Loans; and he trusted, that taking 12 millions from the Sinking Fund would not be inconvenient., He could not anticipate how " the machinery of the " Sinking Fund would operate, thus reduced in the •' first instance, to between three and four millions,"