Star. — London, England, 1830-06-05 00:00:00

notwithstanding what has been alleged to the contrary,' they are at a premium at Paris for small sums. Although in large money transactions between the Bank of France and the bankers of Paris there is often no premium taken, yet to each banker in Paris for small 8111113 one is obliged to pay a premium : and you will observe, Sir, that it is the flowing out of gold coin in small sums of commercial tran sactions, which exhausts a coinage of a country more surely than the large exports of a great speculator in coin. He ?corks only when the exchange so turns, that it his ad vantage, either to pay a debt due in coin, rather than by a bill of exchange, in Hamburg, Rotterdam, Amsterdam, Frankfort, Paris, or Augsburg, (th e residences of the great bill of exchange dealers), or to have a deposit in any of these towns, waiting a movement in exchanges that may suit. Again he works when any war is pre paring between two powers whose gold, not silver, is as necessary for a campaign as gunpowder, almost. When gold thus flows out of all countries, with an un seen but steady course, even in countries where it is al lowed to bear a premium, how can Great Britain expect to retain its coinage, where all nations may come and demand it without a premium as long as the Bank of England issues paper. How can the Bank of England be steady in its issues of paper, when such a threatening power is hanging over it that may at any day be exer cised by any of the great capitalists, whom I could name, whenever it suits (their constant aim) to avail themselves of this palpable opening to play upon our funds and ex changes. This, Sir, is not my individual opinion, but that of many eminent commercial gentlemen on the Continent : bankers, particularly, who are astonished at our persevering in a gold standard. In answer to the arguments of the fluctuation of the price of silver bullion, they reply, " does this affect the silver currency of five francs-pieces in France, of the guilders in Holland, of the German States Convention piastres, which pass current from Frankfort to Naples?" They urge more strongly the necessity of Great Bri tain doing, as all other nations in Europe do, adopting a silver standard, since one family in Europe, which be longs to no country, and indifferent to all, commands an extent of capital of a whole nation, dispersed in every, quarter of Europe, and more particularly in the above named commercial towns, where all the great money transactions of Europe are concentrated. We may set such a power at defiance, if we place our selves on the same footing with other nations in our cur rency ; but not only are the Bank of England, the bankers of London, the public credit of the nation itself under danger, as long as we have a gold standard; but the price of every article produced by the industry of Great Britain, may be subjected to sudden and fatal changes in value. When the different Sovereigns of Europe were winding up the deadly expences of the long contest against France, and borrowing loans, some of the wealthiest bankers in Europe were ready to take large shares in these loans, on most moderate terms ; and had nearly consented to subscribe to the greater part wanted ; but the threatening influence of this family was so great, powerful, and overbearing, that they were, on the most careful and prudential examination of its strength, obliged to relinquish their subscriptions, and allow their collected capitals to remain idle for some considerable time ; or take the current market price of the loans, after it had 'passed out of the hands of the nation to which I allude. The family itself had little other real share or interest in the loans than the commission or per centage they obtained from those of their nation for whom ef fectively they subscribed. This information I received from an eminent foreign banker. I mean not to throw any reflection against the great commercial family to which I allude. Their integrity and talents have, no doubt, gained them most justly th e con fid ence of almost all the capitalists of their nation. I argue only against placing ourselves in money transactions in the power of such machinery, by obstinately persevering in a system of cur rency, different from that of all the rest of Europe, and of so dangerous a nature. If you will turn to the work of Lord Liverpool, the father, on the gold coinage, you cannot find a rational ar gument in favour of it ; for I cannot call it rational, to argue that so great a commercial nation as Great Britain should have a currency of the finest quality, adequate to its grandeur. And, indeed, all arguments in favour of a trold currency is shortly answered thus: " Place our selves precisely on the same footing with every other commercial nation in Europe in our currency, then our exchanges and public funds will not fluctuate more than in any other country, and the prices of British industry will not waver more than those of the Continent. The result of adopting a silver currency would be to ' give a stability to our paper currency at all times, and under any circumstances (short of civil war) which it has %ever yet possessed. The unwieldiness of large silver payments would make Bank notes in constant and steady demand, and no run could be effective against that establishment. Before the invention of paper money, this unwieldy quality of silver currency produced the Ibteiii of the Bank of Amsterdam, eic. where money tt as taken in depot, and the merchant gave checks on the ')atik, by which the whole, or a part of the money lodged, as transferred in the bank books to him who received the check ; but in no case were payments made. In times of good credit these bank transfers bore a premium ; but he French revolution developed the truth, which was so :Nig concealed ;—the Bank of Amsterdam had made large 'owns of their deposits to various Dutch public companies, %Lich the war annihilated. ..... If a very great importation of silver from South Ame rica should take place, our exchanges, our paper money, uur funds, and the value in silver of our industry, will be no more influenced than they will be in other coun tries in Europe, whichever way it may be, if we place our silver currency on the same footing, Again, the same influence will be general and common to all coun tries, should there be a great influx of gold. But if we Persevere in a gold currency, no man can tell what effect ru'•y' be produced in either case in England, while our currency differs from ours nations. 1 . 0 argue upon these events is idle speculation ; •n'i yet such arguments have been brought forward decisive while we lave the actual experience of all i•'' lest of Europe against any bad effect from a silver ,t,tudattl. It will be argued that we cannot now go back and 4 ;ter the standard to silver, while every transaction has litige(l on gold for some years. I answer, why should °se perm•vere in a system which we never can maintain, ItilUllt altering the value of every kind of industry on of those periodical stagnations in trade and mann iamires by which we are now so regularly visited. I am convinced that a simple enactment of a silver etandard, .bearing exactly the same proportion to gold, as 6 adopted i n :F rance, w ill not a l ter t h e exc h anges, or .4f-press our funds 1 per cent. lam aware that many Lreat capitalists will strongly object to this, and on good ;:round s for themselves ; because it is not their interest, It does not square with their dealing in money transac `l.oas with oth er countr i es, that the Bank of England '"ullid ho able to sak a premium for gold, demanded in %change for their notes. LONDON. SATURDAY, JUNE 5. THE KING. Wo lament that the indisposition of His MAJESTY is assuming a very alarming character. The following Bul letin speaks for itself : "WINDSOR CASTLE, JuxE 5, 1830. " The Kix G has been embarrassed considerably in his respiration during the night; and His MAJESTY has had but little rest. (Signed) " HENRY HALFORD. " MATTHEW J. TIERNEY." We have more than once said, in alluding to the ex pedition against Algiers, that its success depended on the state of the weather. It is now reported, that during a hurricane which prevailed on the coast for three suc cessive days, between the 15th and 17th ultimo, two English and one French men-of-war were driven on shore. The letter of our old friend 0. P. Q. in to-day's Chro nicle, is very interesting. We regret that an unusual press of matter prevents our making extracts, or saying more than that every hour adds to our conviction that • great crisis is rapidly approaching. The observations suggested by the Letter of Mr. MEA SON to Mr. E. D. DAVENPORT, the Member for Shaftes bury, are unavoidably deferred until Monday. When the subject of appointing a commission to affix the sign manual was first brought before Parliament, a feeling of loyalty to the reigning Family, no less than one of personal respect for the Presumptive Heir to the Crown, induced us to suggest that this charge could not have been confided to better hands than the Duke of CLARENCE. The maturest reflection still convincing us that no inconvenience could arise from his Royal High ness forming one at least of the commission, our disap pointment may be readily conceived on perusing last night's Gazette, by which it appears that Lord FARN BOROUGH, and two General Officers, Sir Wat. KEPPEL, and Sir FRANCIS BARNARD, are to form the Commis sion ! It is utterly impossible to witness this new proof of the " military tendencies" of the Cabinet, without going back to the first days of the present Admi nistration, when our feeble voice was raised against the introduction of a military chief, as not merely unconstitutional, but pregnant with the most dangerous consequences to public liberty. While our own opinions on this vital question have only gained strength with time, how lamentable is it to reflect that so many of those guardians of our constitutional rights, whether within the walls of Parliament, or connected with the press, have not only changed the tone of disatisfaction and distrust first adopted by them, but have since lent their utmost support to men, whose admission to office excited their marked disapprobation. Feeling as intensely as ever on the above subject, we hailed the recent announcement of a coalition among pub lic men with feelings of unfeigned satisfaction. Nor were these unmixed with sentiments of vanity and self-applause, on reflecting that the hereditary supporters of freedom had again adopted those notions which we had ourselves all along so strenuously advocated. While it is hoped that this Union has been formed I rather with a view to bring about those reforms which are now become indispensable, as well for the interests of those who rule as of thos e w h o obey, than to gratify any objects of personal ambition, we are waiting the result with an impatience proportioned to the magni tude of the great interests at stake. In urging the new party to convince the people that they have united for the glorious purpose of promoting national improvement on a broad and liberal scale at home, and to rescue the nation from that obloquy which has been drawn down upon it by a deplorable system of foreign policy, we are surely justified, by the evidence of the fact, in stating, that there is little to hope from the pre sent Administration, either on the score of our domestic polity, or foreign relations. With the exception of one great measure—a measure which the cries of an indignant people forced on a re luctantlGo►emment—what, we will ask, has been done by Ministers, either to improve our condition at home, or retrieve the national character abroad ? Let those who require an answer, look at the pertina city with which reform and retrenchment have been met, whenever the patriotic few within either House of Parliament, have brought them forward. Let him look at the violation of solemn treaties and in ternational law in all our transactions with Portugal; and, above all, let them glance at those negotiations which prove, beyond contradictionithat the Ministers of Russia and France have laboured to respect and uphold the rights of an unfortunate people, while those of Eng land—free and Constitutional England !—laboured by every means, and alas, but too successfully, to tread them under foot ! These are the objects which call for inquiry and re dress ; nor can any party expect to obtain the confidence of the country, unless by a frank avowal of their deter mination to obey that call, and follow it up with be coming spirit. These are the evils which irresistibly lead men to lament that imperfect state of the representation, which leaves no adequate control on any administration, however good their intentions may be. Where the cause of these evils are so self-evident, well may wo recommend, with the great Lord Cit AT it A M, in allusion to Parliamentary Reform, the necessity of infusing a por tion of new vigour into the Constitution, to enable it to baar its infirmities. In the late debates upon the distress of the country, there were some friends of the Minister who maintained, as a " set off," that it did not extend to Ireland. Such persons we now refer to the report of the late meeting at Celbridge, in the county of Kildare, inserted in our last page. Happy should we be to think with them that it was only partial, and that misery, when it visited one portion of the United Kingdom, had deserted the other. This consolation, however, is denied to us. A public meeting on the distress of the country was held on Thursday at Bland, near Halifax, that picturesque and delightful district which the iron hand of poverty had not gripped until within the last eighteen months, nor had its monotony been disturbed by a public meeting of a political nature from the time that "the memory of man runneth not to the contrary" until that day. We regret the want of room for a report of the proceedings. Elland is the most populous district in the West Riding of Yorkshire, and ono of the principal seats of the coarse woollen cloth manufacture. It was stated that so great is the dis tress prevailing in it, the inhabitants had the appearance of old age before they reached the prime of life : that that the misery is encreasing, and the country could expect no relief without a full, free, and equal represen tation of the people in the House of Commons. CITY, TWELVE o'CLocE. We are again without any arrivals this morning, owing, no doubt, to the late stormy weather ; consequently we have no information to communicate at present. Commas opened this morning at the same price they left off yes- I terday-921 for the account, with little or nothing doing at present, owing to the great dearth of information. The foreign market is in the same state of stagnation. Portu. guest Bonds rather lower. HALF- PAST ONE. Consols are at present 92U. Little doing. In the foreign market also little doing. The Princess AUGUSTA left town yesterday morning, on a visit to the Duke and Duchess of CLA RENCE, at their residence in Bushey Park. The Duchess of GLOUCESTER dined with the Princess AUGUSTA, on Thursday evening, at her residence in the King's Palace, St. James's. The Earl of ROSELYN, Sir ROBERT PEEL. and Mr. HERRIES, had interviews with the Duke of WELLING , TOW yesterday, at the Treasury. Lord G. BERESFORD has intimated to his County We terford constituents, that he will vote against the proposed stamp duties. Eight thousand stone of potatoes have arrived at Kil larney, which are to be retailed to the poor at four-pence per stone.—Kerry Paper. The Marquis of DONEGAL has refused to sign the re quisition for a meeting of the County Antrim, for the purpose of petitioning against the contemplated increase of taxes. The County of Dublin Agricultural Report, publiihed on Wednesday, gave a very gratifying account of the state of the growing crops, particularly of oats, which were represented as in a very forward condition. The candidate who has commenced his canvass for the County Kerry• is the Hon. W. BROWN E, brother of Lord K ERMA RE. F. W. MULLINS, jun. Esq. of Beaufort, aspires to the same honor. There are this week, in the Mendicity Institution of Dublin, two thousand six hundred and sixty-nine paupers ! We are sorry to announce the failure of an old and re spectable manufitettiring and mercantile house in the woollen line in this town. The engagements of the firm are said to exceed 100,0001. and several of the wool sta.;,lers and dyers of Leeds are heavy sufferers.--Leeds Intelligencer. The remains of the late Marchioness of NORTII.I3Ie- TON arrived in the Calais Steamer yesterday, and were landed by a Treasury order, and delivered to a gentleman who attended, as a friend of the family, to receive the corpse The funeral will proceed to the family seat, Cast!e Ashby, in Northamptonshire. Her ladyship died at Rome very suddenly. There are at length some hopes of the formation of a new street from Waterloo-bridge to the British Museum. Lord Lowther thought that he could recommend the Government to go to the extent of perhaps 25,6001. Mr. Hoblionse, who followed, expressed himself sorry that the Noble Lord did not feel authorized to go further, and hoped that the higher powers would give the Noble Lord permission to hold out some expectation that Government would lend its aid for this great national im provement. Other Members expressed the same hope. The subject will probably be again alluded to ere loag. WENTWORTH AND BANYRUPTEY.—It is well known that the above unfortunate parties were bankers at Wakefield, Bradford, and York, and that ea:lt esta blishment was perfectly independent of the oth:rs. It is expected that the Bradford and Volk• banks will 1.:1;- mately pay nearly 20s. in the pound, but in the Wake field bank, to which the great mass of the creditors be long, there will be a deplorable deficiency. In the Wake field estate it requires about 30,0001. to pay a dividend of Is. in the pound.—Leeds Intelligencer. It is calculated that the Durham and Northumberland coal-fields alone contain no less than six thousand mil lions of tons of coals, or about as mach as will last, ac cording to the present average of consumption, fur the next 1,727 years. Si'. JAMES'S IliAlf- NIA it K ET, Jana s. Ile..vy Lowland Meadow Ilay, E 4 fts. to EY It e ditto, £2 10e. to £3 ina. Fine Upland Meadow and Rye Gra, Hay, £3 15.. to ate 13a. Clover Hay. ,e 3 10s. to £.5 54. Oat Straw, J:2 st, to £2 11s. Wheat Strew, £2 Itm. to £2 19.. per loAd of 36 trossee. SMITHFIELD HAYMARKET, Jolla s. Coarse Heavy Lowland 3leadvw Hay, selt as. to 4 101. Useful Meadow Hay, X 2 101. to Az 101. Floe Upland Meadow and Rye Grape Hay, £3 10. to AS Os. Clover Hay, generally,* 31. to £5 16e. Eztraosdloary be ditto, A-- Os. Oat Straw, di fis. toil Ns. Wheat Straw, El 10i. to Al 121. per load of 36 Mmes. A good a ipply at malt t. It will be urged that the flow of gold out of Europe is imaginary, and that if there be a demand for gold from England, the tide soon returns and reduces all to the ori ginal level. I answer, granting this to be so, each ebbing influences the quantity of Bank notes in circula tion, and alters consequently the value of things. But I maintain there is a constant export of gold to Eastern nations ; and that a great part of the industry in these despotic Eastern nations, resolves itself ultimately in concealed treasures in gold. The only means the Eastern inhabitant has of preserving the fruits of his in dustry, and his life, is by concealing his wealth, and that is most commodiously done in gold. Every inquiry I have made among travellers in the East, confirms this very natural result under Eastern despotism. I have already extended this communication beyond the length of a letter, and, as it is written in haste, to reach you in time, I beg you will excuse any errors in the composition. Wishing you success in your most praiseworthy attempt to place the currency of the coun try on a secure basis, and to undo the mischief produced by Mr. Huskisson's motion to restore the circulation of a gold standard, as far as it now can he corrected, I hope you will manfully maintain that he was the greatest in novator, next the Bank Restriction Bill, on our currency, as he rushed into a system which never had a solid foun dation, and in the history of which he was ignorant. I remain, with respect, Sir, your very obedient servant, G. L. MEASON. THE EVENING STAR. •,• e - - • 4.‘t,,"k,v .`-‘ • THE ICING We. regret that we are linable to announce any im provement in the state of his MAJESTY. Private ad vice& are in no respect more favourable than the very equivocal official communications. The Duke of Curt - BERL A W I) arrived at the Palace about twelve o'clock yes terday, on a visit to the KING, and had an interview wki. his MAJESTY. The Royal Duke remained upwards of four hours at the Palace. The Earl of ABERDEEN carne to the Palace yesterday morning, and had an audience of the Kiwo. Sir MATTHEW TIERNEY and Mr. BRODI E returned to the Palaee on Thursday evening. Mr.Bitouie took his departure yesterday morning, but returned, as :Nual, in the evening. At the King's Palace, St. Jones's, the Bulletin was ehew•n by the Earl of Ft ri: Lord, and Mr. Here as Groom in Waiting, to the Nobi .ify and Gentry. THE ARMY. ROYAL MILITARY COLLEGE., SANDHURST, NEAR BAUSHOT. The half-yearly examination of the Gt./dictum Cadets in the junior department of the Royal Military College, in the sence of the Board of Commissioners, commenced on Thurs • dry the 3d of June, when the subjects of Mathematics, French. ii•A German, occupied the first day. The Board resumed k sitting on Friday the 4th, which consisted of examinati on s, h'enionstrations, and exhibitions, in the theory and practice of Fortification, Military, Plan, and Landscape Drawing, Pet-- vet:dye, Sketching, Surveying, Equitation, &c. Between 54 And seventy Cadets passed on these occasions with more or Ins ec'ag, in these various branches of knowledge, and received the usual testimonials of their acquirements accordingly. The Comniissione+: were to meet again on Saturday, the sth inst. for the examinx ion the Officers studying in the senior department of the College The Board consisted of the following Officers:— General the Hon. Sir Edward Paget, Governor of the College. Lieut.-Gen. the Hon. Sir A. Hope, Lieut.. Gov. Chelsea liosp!Lii. Do do. Lord Edw. Somalia, Lieut. Gen. of the Ordnance. Do do. Sir H. Taylor, Adjutant-Gen. to the Forces. Colonel Sir G. Scovell, Lieut.-Governor of the College. Captain Garoock, Adjutant-Gen. Depart. Secretary. Owing to the very unfavourable state of the weather. no Revi.tw of the Corps of Gentlemen Cadets could take place on this occasion —an occurrence hitherto almost unprecedented at this scaso:: of the year. NAVAL INTELLIGENCE. VESSELS SPOKEN WITH.—The Eliza, Dick, from Ber Lice London, 17th ult. in lat. 38, long. 44 ; and Nile, —, from Pl. mouth to Pugwub, in lat. 48, long. 17. The Ann Gadsden, Northen, from Cadiz, bound to New l'at'e. arrived at Newport, having put in with rudder damaged. Mat, Jots s.—During last night and most of to-day it ble strong from S. to W.S. W. but moderated in the afternoon.l t r this morning, a ketch•rigged boy (supposed to be a foreigner) we seen on shore on the S.E. part of the Goodwin Sand, soon after which her masts went, and she then disappeared. Our boats could not get at her, from the heavy sea and strong tide, and fear the crew have perished. Arrived and remains, the transport No. 5, from the westward. One of his Majesty's steam-packets, from Calais, passed about noon, not being able to reach Dover. Poanwouvu, Juxa 4.—Wind &W.—Sailed the Bee, Turner, for Honduras. FALMOUTH. 4—Wind variable, light breezes. Cows% Jazz 4...—Arrived the America, Hall, from Savannah . The writer of a recent pamphlet, on the practicability of paying off the National Debt, calls on the ladies t.) abandon their routs and recreations, and thereby to make up a " huge benevolence," by which means he proposes to clear off the " eight hundred millions." FATAL EFFECTS OF PRI Z E-F IG lIT IWO .—We have to record another instance of the fatal effects of the abominable system of prize-fighting—which, to the eternal disgrace of the Legislature, has so long been permitted. A great fight took place on Wed nesday last, near the village of Hanslope, in Buckinghamshire, for 2001. a side, between Simo►: Byrne, an Irishman, and Alexander Mackay, a Scotch man, which lasted nearly =boar. The latter, who lost the fight, was most cruelly beaten. He received many heavy blows about the left temple, and his face was so frightfully cut and disfigured, that the features were lost in a con fused mass of gore and bruises. He was bled in the ring, but was totally insensible. Two surgeons and his se conds for half an hour in vain attempted to restore ani mation ; the poor creature was at length borne from the ground in a state of insensibility. A few of the wretches constituting what is termed the " fancy," re mained in the neighbourhood until a late hour at night, and they reported on their arrival in town that Mackay was speechless at the time they left him. Since then intelli- Igence has been received in London that Mackay expired in the arms of Carter the pugilist, at 10 o'clock Thursday night. Mackay was backed by Capt. Barclay, the Newmar ket pedestrian, and J. Harrison, Esq. of Buckinghamshire, and seconded by Tom Cribb and George Cooper. The seconds of Byrne were Tom Reynolds and Reuben Martin. Several noblemen and gentlemen were on the ground during the fight. Mr. Osbaldeston officiated as umpire, and Mr. Jackson, the retired pugilist, superintended the arrange ments of the sport. The prize-fighters, as may be ex pected, are in a terrible state of alarm. The survivor and the four seconds have absconded. NAILS ARRIVED AND Dug THIS MORNING. D. 'A. D. A. D. I Dublin OI 1 France 0 0 Lisbon ....... 0 I Waterford..... 0 i 0 Flanders I 0 Gums. &Jersey 0 1 Holland OI 0 Sweden 1 0 Buenos Ares... ti 0 Hamburg' .. . I 0 Nlelta 0 America........ 0 0 Leeward Islands 0 0 Meilco . u PRICE OF STOCKS Bulk Stock 216 j 3 per Cent. Bed. 911 I 3 per Ct. ems. shut 3/ per Ct. IEIB, 31 per Ct. fled. 991 k 4 per Cent. shut 4 per Ct. 1826, Long Ann. 19 1-11 Do.3oYeart.ApL Oct. Ii Do July, Jan. FOREIGN FUND Brnit I:Ja. S pr Ct. 9 • Account 723 Colon'. 'kis. 6 per Ct. lAr 141 , 1 1824, Do Acc.2.l Greek Bonds. S p Ct. 1825, 6 p Ct. 9:tto Acct. 3$ 71 51tx. Mk. S per Ct. S. TWO O'CLOCK. Do. Tide 185..5. 5 p Ct. 551 Do. Act• 351 a Perim. 11.6.6 pr Ct. Do. Ace. 22i Port. 1141 s. S pis Ct. , Ditto Acc. 57 Sr. ids. 5 per ( t. IN.. Ac 181 Do 510 BRITIsII AND I.tilthlGN 111,t11F...5, 'l tt ~ 0 CLOCK. . 0A k B. rAsh. PJI MIA ItY. Brazilian Company 20 5 10 Braailianlmp. (its. £5p41.) 35 20 75i Do. Nation.l 25 12e t": 9 St. John DM Iley PI Do. Colt4ri ••••• Se ... , Ii•IMAl hi/il (lea. at €3 pia.) 55 40 Si lieti...i, 1 1 10 37 17 UssiteJ Vex. (i 4.. tt Xi rob.) 4.) Itoi 151 6 . • ___________ _ AT TWO 0 Cl.• ICK. India Stock, India Bonds 81 South Sva Ste.. t):.1 Annlitirs £lOOO Eich. Bills 77 $ £5OO Ditto 78 9 2100 and £2OO Do. 7d SO Advertised 77 Ins!ia fur Acct. et.llS• for Ace. 92i