Star. — London, England, 1825-08-10 00:00:00

LONDON. WEDNESDAY, AUGUST 10, 182.5. 3TOCK EXCHANGE, TWELVE O'CLOCK. Consols opened this morning at 904 1 for the Account, with scarcely anything doing ; since which they were dons at we, and are now 901 to *, with a heavy Market. - In the Foreign Market Spanish Stock has somewhat improved, -*Wing to the report that FIMMWAND is going to Abdicate his Throne; but no credit is placed in the report. All South American Securities are heavy. Current Prices: New Spanish 17 to k, Old Spanish $2l 4, Russian 964 974, Me:lean 74*, Austrian 984 99, Colombian New 841, Brazilian Scrip 431 disc. Mexican Scrip 31 I disc. Danish Scrip 31 5 disc. Greek Scrip 16 154 discount. PRICE OF STOCKS AT TWO O'CLOCK. Bank Stock 230 3 per Cent. lied. 91 90% 3 per Cent. Cons. 90% 897 90 3i per Cent. 98% V 8 % 31 per Cent. Red. 99 98% 4 per Cent. New 103% Vs India Stock 271% £l,OOO Exchey. Balls 24 23 25 I:500 ditto 25 27 £lOO and £2OO ditto 29 27 India for Acct. 272 Cons. for Acct. 90 1 / 4 90 1 ;4 FOREIGN EXCHANGE. ilakersag, AUGUST L—On Loudon, 56. B'Us. 35. 9. The first part of the great financial measure so long cherished by M. Ds VlLima, has at length been car ried into effect, and, considering the keen opposition, misrepresentation, and odium, which he had to en counter in every step of its progress, the Minister nay be said to have begun the reduction of the French Na tional Debt with reasonable success. The second part of his scheme is yet to be tried ; and it will in all pro- Debility succeed to a far greater extent. Indeed there can be little doubt that the event, which is to be de. dared on the 22d of September, will chew that the last part of his project has, in a considerable degree, marred the first. The subject being of some importance to the Monied Interests on both sides of the Channel, we think it worth whi:e to enter more particularly into some explanation of its bearings; and the better to enable our Readers to form a comparison with the English Funds, we shall give the results in sterling money. The whole Fended Debt of the French Nation is equal to a perpetual annuity of 8,000,0001. each por tion of which is redeemable, at the Minister's pleasure, for twenty times its amount. In other words, it is a capital of 160,000,0001. in the Five per Cents. redeem . able at par. A Sinking Fund of one per Cent. or 1,600,0001. per annum is also provided, to redeem so much of this Annuity as it may from time to time ac complish, msking a total charge of 9,600,0001. per annum, which, we may remark' in passing, exceeds con• siderably the whole National Debt of England at the termination of the American war, in 1786. Up to Fe br.-.ary last, however, the Sinking Fund had redeemed as Arr.aity of 1,508,0044. which added to itself, gives it a present force of 9,108,004 1 -; so that the Annuity unredeemed, is in fact only 6,491,99fi1. or a capital of 129,839,9201; in the Five per-Cents. M. Da Var.'s.; observing the surprising facility with which the Annuity payable to the holders of are Five and Four per Cent. Stocks of this country bad been reduced to a lower rate, conceived very naturally that it was possible in France, under all circumstances, to effect a similar retrenchment ; the more especially as the overflow of unemployed capital in this country had generated a passion for speculation beyond all example. He proposed a law, enabling him to offer Four, in stead of Five per Cent. to the Public Creditors, and to I , raise, by way of Loan, the necessary funds to pay off, at par, the Stock belonging to those who should refuse the proffered terms. But in no country are monied men actuated by patriotic feelings in the employment of capital, least of all in France. Besides the Revo lutionary Faction, he was opposed by the more pow erful Monied Interest, and had his Bill finally rejected last year in the Chamber of Peers. He has persevered, however, and has, in this Session, obtained the consent of the Legislature to the same proposal in a new form, but coupled with another most important prospective measure, which cannot fail to render the complete at- tainment of the first object exceedingly difficult, if not impossible. He purposed to reduce the interest of the Debt by means of a conversion of Stock from eight millions to 6,400,000!. which, if effected, would produce a saving of 1,600,0001. per annum. He will then create a capital of forty millions of Three per Cent. Stock to indemnify the emigrants, the Interest of which (1,200,0001.), to be defrayed out of the above saving— a most necessary and just measure, which is to be ac complished gradually, in the course of five years; but still it is the same thing as a Loan of forty millions, and, by bringing into the Market an accession of so much Stock, the value of what was there already will infallibly be depreciated. With this grievous disadvantage, the plan of reducing the interest of the Debt commences. Three options are given to the stockholders. Ist. He who had 1001. stock, yielding him an income of 51. was offered 13341. stock In the 3 per Cents. pro. clueing an income of 41. but he was to declare his ac ceptance of this on the 6th of this month. td. If the party has refused this, he may exchange his income of 51. for an income of 41.105. which shall be secured to him for ten years certain; after which it may be redeemed, on payment of 1001. That is, he may exchange 5 per cent. stock for an equal capital is the 4 per cents. redeemable at par after ten years. Bat be must declare his acceptance of this proposal on or before the 22d of September strict. • 3d. If both those offers are refined, the Public Cre ditor retains his 5 per Cent.Stocl;sisbject to the chance of having it paid off in whole or in part at par, whew ever the Minister shall hereafter hive it in his power to spare money for that purpose, either from the Sinking Fund or a surplus of Revenue; or both. Now the first option is that which has just been ex ercised. It is very evident that in the present state of Europe, after ten years of peace, he is a sanguine phi lanthropist who will affirm that this peace shall conti nue for much more than ten years to come. If so, we must admit that the Fifth Monarchy has arrived, and that the world is now decidedly under the dominion o f the Saints ; for no one who is not of this opinion would assent to the first proposition, and acceptof an income of 4 per Cent. while be refuses one of 4. per Cent. guaran teed to continue ten years at all events, unless, as is pos sible, he might expect to benefit by some manoeuvre of stockjobbing ;—such as selling out on any sudden rise. It was accordingly predicted by Mr. Cssauna Pustsa that this part of the plan would be wholly inefficient, and that the Minister would not receive assents to the extent of Eight Millions of Stock, and we observe that the Bank of France has not assented at all. Notwithstanding this prediction, however, whether by official influence, as is alleged, or otherwise, the result has been, that nearly one-fifth of the whole Debt has been reduced by the voluntary assent of the stock. holders to the first option ; as 24,550,6142. of stock in the 5 per Cents. bearing an interest of 1,227,5801. has been converted into 82,734,1521.5t0ck in the S per Cents. bearing an interest of 982,0241. and thas'prodncing a direct saving of 345,506/. per annum—sufficient to raise for the Emigrant Loan immediately a capital of 14516,9004 in part of the proposed indemnity.— And we observe Oat the new Three per Cent. Stock is at sale for 76k, while the old Fives are only 1021. To account for which, it is stated, that the efforts of the Sinking Fund are to be directed so as to keep up the price of the new Stock on every convenient opport unity. We shall revert to certain political probabilities arising out of this subject on a future occasion; but, in: the meantime, conclude with a comparison of the Ends Funds with those of this country, at the last prices of yesterday.. An Income of £1 per annum, (abating the accrued Dividend), In the D o m Cent. Comas. costs atitt 0 . 114 dated 30 0 9 31 per Cents. . . $7 17 4 4 per Deota. . . 15 111 Oi French a per Cents. . 90 4 3 New 3 per Cents. . 15 s 3 Mexican Papers to the Sd of June have been re ceived. It is known that much discussion had arisen l in the Mexican Congress, when the treaty with this country was submitted to the consideration of the Chambers, on a motion for adding an additional ar ticle, containing a formal recognition of the inde• pestilence of Mexico. The result is nowhere officially aged, and is not mentioned in the proceedings of the Congress, the reports of which are very Lave' given. It is probable that t abe dosision took place in a secret sitting, and from the allusions occasional') made to" the treaty, in the Agwil, of which we have later dates than of a Not, it appears that the propo sition was rejected, as has already been stated. The PRESIDRNT, in his speech on the closing of the Ses sion, observes that the treaty bad been adopted by the Congress, and says nothing of any additional article. A letter from a senator, addressed to the editor of the Apia, dated the 11th of May, thus states how the question ts en stooa in the body to which he be: longs : ti It is certain that objections were made in the Chamber of Deputies, and are now reproduced in the Senate, censuring the absence of an article for the ex press recognition of our independence by Great Britain, as the precise basis of the commerce stipulated in the treaty. It is also certain that thirteen senators signed a motion for the insertion of such an article." This mo tion had been tefeired to a Committee; but the writer of the article says, fs there is no fear that the Com mittee and the Senate would so far forget their duty as to adopt so absurd a proposition." The Session of the Congress terminated on the 21st of May, and an ac count of the PRISIDUTII speech has already been re. ceived through the New York Papers; but we shall here quote the passage which relates to this treaty :- 64 England, the most powerful State of Europe, rela tive to us, has recognised the independence of Anahuca ; and that nation which, though thousands of leagues from your coasts, may yet be said to inhabit the American continent, and even to border on us, has, on this basis, concluded treaties of friendship, navigation, and commerce, which were submitted to the considera tion of the Chambers, and which have now received their approbation." The President of the Chamber of Deputies, in his reply, also alludes to the treaty. In recapitulating the labours of the Legislature, he last of all just mentions 41 the deliberations worthy of the zea lous representatives of this new nation, and the 111111.1 t debates on the approbation of the treaty of commerce and friendship with the King of GREAT BRITAIN." To these extracts we may add one more from the leading article of the Agnila of the 21st s " The treaty with England is brought to a conclusion on the part el the Mexican Republic. The Senate has at length given session, ceevinced of the justice and propriety el such a conven tion, which cam have no ether character than that which is ins. premed pct it by public sethority, or by two sovereign nations agreeing ern amnion of reciprocal utility. Advantageous treaties; says Voltaire, are produced by victories,' and we may with truth my, that the peat viciery which we have obtained over our Oppres sors has prodend this treaty, whereby the Republic is exhibited in the high statics el a seltteverning power." The Aga& of the 2d June contains an account of the presentation of Mr.WA np,the British Charge d'Affaires, to the PRISIDENT, but does not give his speech. The PAZSIDZOT, in his may, reiterates the fact of Great Britain having recognised Mexico as a free and lode. pendent Suite. This forenoon we received Lisbon Gazette:, to the 31st ult. but they contain little news. The health of the Infanta Donna LEAN/MLA, who had been indisposed, is said to be much improved. The brig Full Portuguese, Capt. F. GONSALVES Rocca, and the Amalie brigan tine, Capt. M. GOMIS DO SAp had arrived at Oporto, on the 16th alb from Rio de Janeiro, in 7$ days ; also the schooner Dispique do Maranhao, in 43 days, from 1 Wraiths= t all was quiet when she left that place. The Yana, freak ltio de Junin, arrived two days afterwards, bridging papers to the lath of Slay. Hamburgh Papers to the Bth instant reached us this forenoon. They contain no political news. An ankle from Pots dam states, that the iron ►ridge over the Havel, at Potsdam, begun is the summer of len, was opened on the evening of the Slot alt. sa the return of the Ring of Paussza from Toplits, whom carriage was the first that passed along it. His Moaner examined it nest morning, and expressed himself highly pleased with the work, and gave two hundred dollars to be distributed among the ' workmen. It consists of eight iron arches, which were cast In the foundry near Gialvits, in Upper Silesia, and weighs 25,000 cwt. It is six hundred Rhineland feet leg; the carriage way is twenty feet broad, and a raised foot-way, Ave feet on each side. The Austrian Observer, of the 9th July, receivbd this forenoon, has a long article directed against two arti cles in the Constitutionnel. " The two articles," says the Austrian Observer, " are of such a nature, that it would be loss of time to attempt a formal refutation of diem ; they heir too plainly the stamp of their origin." One of them relates to the late Count Bosun, Commander-in- Chief in Lombardy. %%hose death, says the Conniff& flexed, is regretted in Lombardy, because I.e had pro posed to give the Italians a constituent Government," ail which is a mere fable. The other article is from a respectable correspondent, and dated Napoli di Romania, 15th May, and states that an Anstian squadron had arrived there, on board which was an Officer charged with a mission to the Greek Government, the object of which was to propose the establishment of a Monarchical 'Government in Greec', in the person of the ion of the Ez.Kiog of Swami. N It meats hardly peedbli*sris the Atatries Ofissarer,* that eves the Mimes themselves, great as is their tomatoes of the real state of slain la Greece, should credit so desmily-lavesteil a hblaw Ina preceding column we bare given some intelli gence frog Greece, when Wake begin to Weans. The Awned des Debate contains some interesting extracts from the besets of General Reense s eerdreg in the Mores. They are addressed to the Society established at Paris in fewer of the Greeks. Details are glean of the progress of the Egyptian troops, of their hewing taken possession of Cabana sod Teipelletta, and of the barainp sad barbarous detaesedens, which spread general denotation, and wag, if contiseed.rediee the Peloponnises to a desert. On the kith viz Jane, Lamm Paw* appeared before Napoli da Reenania, and began an attack at be in the asecielog onin impose ant estweyk, sailed the Mille, which was Ilifentalley trine* Ifni ma n, sat d o small body of Greeks, died -bribe etweed aid pro. met. of General Recto. The Egyptian fates- tonsieted of $OOO infantry, sad ban sic to 700 meshy. In spite'of *greit itteqaality o r northers, the post was bravely maletained by the Greeks, and %fief a resolute redstanee against all the smelts of the barbartins they succeeded, at eight in the evening. in driving assay las/Lusa , Naas, with the loss of . f o ur hundred men. He directed his retreat by the road which led both to Tripolima and Catena**, and it was expected the want of provisions would force him wholly to withdraw, while the Guerillas were ordered to follow and ham his march in every possible way. Genets* Rocks had been a; . .. pointed Governor of Napoli. Two Supplements to the London Gazette were pub, lisped this forenoon. The one contains dispatches and inelosures from the Governor-General of India to the 11 th of March, but their contents have been anticipated by previous arrivals. The oche* is an (mkt in Council regulating the perfortuance of quarantine. FOREIGN PONDS, TWO O'CLOCK. Austrian Bds S p Ct. Mei. Scrip 1825, 31 11 dis. Brazilian Bonds Ditto Acet.. Ditto Scrip, 5 p Ct. 1825, NeepOliten Bonds, 024, Ditto Amt. 4 dis ' Perry. Boosts, 6 per Ct. Buenos Ayres Bonds 901 Ditto Acct. Chaim Bonds, 6 p Ct. Ditto Scrip, 1112.5, 6 pC. Colombian 8d0,6 p C. Ditto Acct. Ditto Acct. 851 Pattugoese Bonds Ditto Bonds, 1824, 841 84 Ditto Acct. Ditto Acc. 841 1 i Prussian Bonds S p C. Danish Bonds, S per Ct. 1001 1 Do. Bonds, 1822, 5 p Ct. to. Scrip, 3 p Ct. 1825, Russ. Bonds, 1812,5pCt. Greek Bonds 571 Ditto for Ace. 97 Do. Scrip 151 16 dis. Spanish sp. Ct. Cons. 221 1 1 Ditto Acct. 16 db. Ditto Acct. 42i Mez. Bonds, 5 p Ct. Span.s p. Cr. C. 1823, Ditto Acct. 741 i Ditto Acct. . Ditto Bonds. 1825,6 p Ct. Frenchßenteq, 5 p Ct. 203 r. Ise. Ditto Acct. 831 dis. Exchange, 95f. 10c. BRITISH AND FOREIGN SHARES, TWO O'CLOCK. bIINES. SIIAII4 PAID. PI MCI IMIL SKIMS. Anglo Mexican £lOO £5O iss. ats pm. £llO Anglo Milian 100 S $ Castello&RspiritoSanto 100 5 12i 151 Cobalt and Copper SO 2 14 Consolidated Copp. &Tin 20 2 :x Potosi. La Paz, & Perna. 50 5 • Royal Irish 25 1 944 Real del Monte 400 270 United Mexican 40 20 f prom 870 isk GREECE. -...41,.... The Augsburg Gazette has the following article : TR I ESTE. JULY 23. The Cavitan Paella seems to have at length assived cr. the coast of the Morea : the Captain of a vessel just t.choted here states, that he sailed two days in the midst of the fleet, and did not quit it till he arrived r.e.r Modon. However, the Capitan Pacha arrives , much too late to second the operations against Miss°. longhi. since several accounts agree that the siege is raised, and that the Seraskier has been obliged to re treat, in cousequi nee of the events at Salona, and the desertion of the Albanian troops. Recent accounts which have reached us announce that Ibrahim Pacha is surrounded at Tripolizza by Colocotroni, with 12,000 men; that he is entirely cut off from the coast, and that all his communications with Modon are intercepted. The arrival of the Capitan Pacha of Modon is, therefore, a very favourable event for Ibrahim Paella. PARIS, AUGUST 7. We have just learnt that Ihr:thin) Pacha, who had advanced to Napoli di Romania, after passing all the defiles without meeting any resistance, had retired after attacking the post of the Mills, because he depended on his fleet for supplies, and had received no news of it. FRONTIERS OF ITALY, JULY 21. We just learn, by letters from persons• deserving of credit, that the Pacha of Scutari, and other neighbour ing Pachas, have received orders from Constantinople to form new cot ps with all possible expedition, and send them to Arta and Preve,a, where they will be imme diately placed at the disposal of Redschid Pacha, who his lately renewed his urgent solicitations to the Porte for reinforcements. The Paella of Travnik, who has hitherto been exethei in a great degree, has also received orders to levy troops. The Pachas have :hewn great readiness, but there is a particular difficulty ; they have been at great expense in fitting out troops, &e. They are now eAlled npon to make further disbursements, which are to be repaid by the Seraskier, because all the sums destined for the arming and equipment of the troops are placed by the Porte at the disposal of the Seraskier. The Pachas have, therefore, caused representations to be made at Constantinorl2, to obtain the repayment of the sums they have advanced, and also money beforehand for their futtire diOursements. The decision of the Porte is expected. Tire accounts from Thessaly agree that the Turkish troops, which advanced from that province into Livadia, have returned iu a bad condition to the banks of the Sperchius. It is said that they have lost about a third of their number in this new campaign. Meantime they are taking new positions about Z:itouni and Patradik. _ _ They are to advance apin as soon as they are able to renew their operations, because the Grceks have turned their whole force against Itedschid Pacha, as soon as tha TLessalian army was obliged to retreat. It seems that they are destined to make a new diversion. In the neighbouring Turkish provinces, it is tald that the Hos podars of Moldavia and Wallachia have gained their cause against the Bojars, who complained against them at Constantinople for an abuse of their power. Soreral tiojars have lately been arrested as alleged enemies of the Porte. THE EVENING STAR, Ditto New Welch Iron & Coal 40 10 25 10 ASSURANCZ COMPANY. Alliance British & For. 100 10 MI SC ILL A N ILOUS. MARL ?MD. rslCs TM SHAM British Bock & Patent Salt 50 5 14 French Brandy Distillery Comp. 2 4 General Steens Navigation 100 5 - 111 Lower Rhine Steam Nay. 100 1 19 20 London and Antwerp Steam 100 2 Metropolitan Alderney Dairy 25 4 - 51 1 New Corn Exchange - 50 - 5 - 41 Provincial Bank of Ireland 100 5 41 West India Company 100 5 41 THE ICING. AUGUsT 9.—Yesterday afternoon his MA 31IsTY took an airing in his pony phaeton in the Great Park, and then drove to Virginia Water, where he par took of an early dinner, and afterwards embarked in his pleasure-boat, and remained fishing on the Lake until eight o'clock, when the Kin. returned to the Royal Lodge. Preparations have been again made this day for his MAJESTY's dinner at Virginia Water. Sunday, his MAJZSIV entertained the Duke and Duchess of ZAmilittisee, with the infant Prince and Princess, and the Duchess of GLovearritn, iu dinner, at the Royal Lodge. After dinner the Duke and Duchess of Carniamos, with the children, took leave of his MA3UTY, and-returned to Bagshot Paik with the Duchess of GLOOCZSTZIt t which plate they le t yesterday morning for laligkin. FASHIONABLE INTELLIGENCE. . --" VIV •PA SH lONA* LS EM ENTS. The Earl and Corntese of Pembroke and family Ws town on. Saturday, for Brighton. B. Keene. Esq. has left town; fur his sear, Ifemearti Lodge, Cambridgeshire. Wm. Brummell, itsq. left the St. George's Hotel, Albenutri. street, yesterday, for Seabed. This Earl of Egremont has left town foe his seat, .Petwortb, Sussex. • Sir Charles and Lady Loa: have left town for tbelr seat. Bro's ley Hill. Kent. The Earl of Abergavenny has left town foe Ms Seat, Er - idge Cas; de, Sussex. Lord and Lady Polb.stooe have left town fur Longf.ird*Castle, Wilts. Sir William Houston, But. has left town for his *A Avisfort, Sussex. Arrivals at Long's Hotel,l3ond-streetz—V. Nelson, BA. from •America ; R. H. French, Esq. and on, from Paris. - Departures from ditto; Mr. and Mrs. Gardiner, for Cheltenham; Charles Lightfoot, Esq. for the Continent. Monday the the Duke of Susses, Sir Hamm rATLOR, Major General Wooing:mu, and a select party, dined with the rats and Duchess of CaItaRIDOZ. at the apartments of the Delve( CoNStRLANI), in the King's Palaoe, St. James's. The Princess SOPHIA paid a visit yesterdai to the Duke and Duchess of Causative. Yesterday the Duchebs of CAMBRIDGe atfeltdod trY Baroness Amulet and Major Jowls, took an airing he a carriage. Lord and Lady HOLLAND entertained Ott E4tl and Countess of COMPS& and a selest party, at dinner, yesterday, at aaussaima•murissr. The Right HonouraYe Lord BEXLEY, the Chancellor of the Duchy of Lancaster, has signified his intention to lay the foundation stun of the new market in Salford, on Tuesday, the 30th instant. His Lordship will be in Manchester on the 29th instant, and will leave on the 31st, for Liverpool, where he is In vited to a grand public dinner. We are sorry to announce the death of Mr. Serjeant Lass, which took place on Saturday. at Ryde, In the !steal' Wight. whither he had goose for eke benefit of his health. Sajeant tom was an able Lawyer, a man of inflexible Integrity, and much esteemed for his am iable manners in private life. Wednesday last a yovng thief of the name of Jefrey, adobes teenapprekhde4 apes a variety of charges of theft, Made his escape from she Polk* f7lfee, Jildinburgh, is the follo'wlag 0- entordiaary ..ntanner 1.-11b.ing been waked upon by Wm of the tram, he naiad put him to the e, and locked his ykkor is; and tbe way being dry, be escap ed to street. few days siterveatda he was retakes, sad conveyed to his old gaanere. The King and Queen of the Netherland. have given 2,000 florins for the relief of the sufferers by the fire at Gravendeel. The picleett erageimen Iva *eat lots 'oak disactor, on Theraisfsest. --- - " ' • . • An immense mamba of person s assembled on Monday, in the fields adjoining Copenhages-house, Maddox. witness a combat between Joe Woods and Marry Maddox. Th e parties, however, being inforsaelibricers were on the look out, held a cossaltation. and, In trbs withdrew. Yesterday morning, they wisteria MI the spot, and a most determined - battle ems.* result. L the fourth rotted, Woods' eyes 'Peat nvadt s denkenr was his opponent much lie Wes olf. 'Aker Wag di nes rounds, with sestina .asisantegit, Maddox fell, mad en severelyinjosed the isft"slitelder iii lUreildet meal eil assistance • necesnly ; and, of . 1012,1*, be resigeed the battle. l