Star. — London, England, 1826-02-16 00:00:00

average amount of Rank paper in Ireland friota the year 1822 to j 025, ; of the amount of notes ender five pounds, or the number of country banks, distinguishing those . consissing more than six partners ; and of the number of private Union registt red during the last six years. The Honourable Gentleman stated the object of his motions. lie wished to shew that Par liament would act unwisely if they extended to Imbed laws which they were about to enact for the regulation of English currency. If they should do so, they would be legislating for a country without knowing its state. He could assure the House that there was no excess of Bank paper in Ireland. It was the interest of the Bankers there to take care that no such excess should hap. pen ; for if it did the cnnsequenee would be that the exchanges would become unfavourable to them, and in that event, while paper was convertible into specie, people would never think of taking Eahkers fill,. Moreover measure' effectual fur regulating the currency here would be sure to regulate that of Ireland, which would be as completely influenced by the peel 000 iary arrangements of London, as the pulse by the throbbings of the heart. The evil apprehended from a circulation of one pound notes in this country could not at all rake place in Ireland t, fox private banks had entirely ceased to issue those notes—none putting them forth but the Na tional and the Joint Stock Balk. Tyr. CA LC It AFT moved for returns of the number of pounds of Tobaren and *riff imported into lleltainduring the years 1822, 23, 21, and 2.5. Sir T. L ETU BRIDGE presented a Petition from two Silk Throwsters, named Smith, against the importations of foreign silks. —Laid on rho table. Mr. Wll A RTON presented a Petition from the Inhabitarits of Beverley, in the Fast Riding of Yorkshire, praying the abolition of Slavery. Ile alto presented a Petition from the same place. for the repeal of the Mune and Window Tax; and also a Petition from the Spirit Dealers of the sante place. praying for relief (tom the hardship imposed upon them by the quartering of soldiers. USURY LAWS. Mr. Seljeant ONSLOW rose to hting in a Bill to rtipea) the existing laws against Usury, and which li'rit the rare of interest on money. The Hcmonrable and Learned Gentleman expressed deep regret that the Bill had rot passed last year, from his conviction that its operation would have heen highly beneficial in those districti which had suffered most in the recent distresses. Mr. DAVENPORT was opposed to the Bill, inas• much as it was one which fora long time past had gone in and out of the House. Its principle had fre crently been under discussion, and its rejection was in. vrrriably the result of any inquiry which had been raised upon it. To bestow further consideratiJn upon such a measure was only a waste of valuable public time. In his opinion the theory upon which the Bill was founded was I the most dangerous character ; - and of all the plans yet de tithed foe the injury of the landed interests, he considered - the one now submitted to the House to be the most pernicious. He would tell Minivtets, that if they did cot look to themselves In time their measures would bring ruin nu the country. . Mr. BRIGHT argued against the Bill, and hoped that the country Gentlemen would consider how exor bitant 'sronld be the rate of interest, if it had passed into a law. He wondered whether Ministers concurred in the measure. If their plans did not succeed they would be responsible. Mi. IRVING, in support of the Bill, urged its vast importance to the intetests of traders. Its provisions would have saved many from all that ruin and distress into which they had been plunged by the disasters of the late eventful crisis. These were considerations of Importance, and well deserved the attention of the House. • Had lie ever bellb influenced by the considerations suggested by an Honourable Gentlemao opposed to the MU, be would yet be for its enactment. • Mr..% II A RING supported theßill from a conviction that greater Lberali # of dealing would be found to result from Its operation. • Mr. SW ES did not think' it fair to shut out all dip.' :cuision on the subject, and to dismiss the matter with. nut giving it any consrderaticn. It would be but proper to ex (mine the • provisions of the Bill, which were not ye. kuown to the fjouse t gnd upon that examination to judge of the expeclietyY Oith.i'measure. The Illopotir, able Member for Bristol was right in his observations a itb,regaid to linit t ittr4. . :;succeis could not te pe ted for the pre.ent 81l withicut their concurrence. He thought it strange that the Usury Laws had not come under discussion in the course of the CUrrency .estion, and he could uot conceive why some legisla tive measure on the subject should not be introduced Ministers themselves. It was no better than blindness to assert, that a repeal of the Usury Laws would be prejudisful to the Landed Interests How frequently was money worth more than five per cent. and when it was impossible to procure it at that rate, the only alternative kft the distressed proprietor ef land was to have re course to the granting of annuities to the reduction and ultimate ruin of his estate. He would support the measure as one, not of mere policy, but of common justice. Money, as well as anything else was a commodity, and its owner bad a. right tee get as much as he could for it. He would recommend Ministers to make the re peal of the Usury Laws a pan of their financial system. Mr. GORDON thought the time of the House would be unprobtatly employed in investigating a Measure with the detail& of which they were already quite fami liar. Had it been proposed by Nlinisters, it would be a different thing..for it would then test on their respon sihility, as a part of their financial system. But it was not a sort of measure which ought to te adopted on the suggestion of any individual Member. As to the care which the Hon. Member for Hull seemed disposed to take of the Country Gentlemen, he would recommend him to reserve his caution for himself, and allow the Country Gentlemen to decide what was most expedient to their concerns—a task to which they were fully adequate. Mr. WODEHOUSE objected to the motion, as suited in point of time. Colonel DAVIES thought it lightlo exempt Country Gentlemen from the operation of the Bill, it they con ceived it likely to do them injury. It would be easy to afford a - lactlity to other classes of giving 15 per cent. for money, and to make a special exception as to Country Gentle men, who should net be allowed to burrow money at a higher tate than five per cent. Mr.MONCK, arguing for the motion, drew a marked distinction-betseeu credit and security. 7taders who could not get money at live per cent. lest infinitely mote by the precipitate sale of thir.goods to which their necessities compelled them. A Country Gentleman setputing money for a long period, and able to give landed security for it, ought surely to give a idWer rate of interest than the trader, who only wanted a few hundreds f..r a few months, and could give rtnly personal security. The late crisis afforded an excellent illustration of the badness of Usury Laws. The trader, who Was not trusted to exercise his discretion . as to the amount of interest which he should give for money, was allowed to sell outs Stock at a ruinously low price, su that he paid store for the nuariey he thereby gained than any luan could pos sibly cost kiln. • Mr. JOHN SMITH expre+sed his thanks to The • Liained S:rjeant for the praiseworthy perseverance with which he pressed his measure. It was notorious that notwithstanding the existing law. money was taken up at a rate Of seventy-five per cent. under the scheme of selling goods, and re purchasing them. He spoke of his own knowledge, and his opinion was, that the Usury Laws were ruinous to the community. Mr. WYNN, in favour of the motion, instanced the case of a mortgage for 40 * 09Q1. of which hall had been 1 , 41L1 off; and to raise the iesiclue the mortgager wax fu:ced to pay nine per cent. As to a respect for the Usury Laws, because they were enacted by our ancestors, they were introduced when it was a prevailing principle in legislation tu regulate the price of every :truck-. Mr. CALCRAFT thought it ts•ould be hard for indi. vidua's toborrow money at five per cent. Then Go. aernment gave seven per cettt. for it. If the LearsteJ Stijeant would say that the 1311 was to be supported by Ministers, he (Mr.Calci aft) in courtesy would hot op pose it. It would then be upon their responsibility. It was stated that money had been taken up at 75 per Amt. The (act was notoriously trues and if all the gambling schemes of the City were detailed, their his tory would be appalling to the House. But all this would still go on even though this blessed B U were to pass.—Let then a Bill ; be brought in applicable in its ItTOWiSiQUS to traders alone, and excluding the landed interests from its operation ! :: Let the experiment be tried. it would be found that the landowners would be compelled to give higher annuities than ever. Bra t• the landed intetests predominated so immensely in •amount over the trading interests of the nation, being to them as forty to a unit, that the former constituted the rule, the latter a most insignificant exception; and yet fur this exception they were called upon to legislate so as to embrace the rule. It was casting a fire-brand into the money-market. Surely if the measure succeeded the Bank Directors would not be permitted by the Pro prietors to leave their money at so low an interest as four per rent. when more could be gotttti for it. every one who had lent money on mortgage would deem it a duty to raise the rate of interest. They might be assured that those who had most interest in mortgages were perfecdy satisfied with their present situation • and lte would advise the Honourable Mover to withdraw his Bill, and bring in another, restricted In its provisions to traders, unless Ministers fathered the measure in- its present shape, Mr. Secretary PEEL said, that tke measure had not been properly discussed last Session. On the second reading he hoped that the Hon. Mover would be fully prepared to state the arguments in its support. The Chancellor of the Exchequer had wished the motion to be postponed for a short time (not for the Session), that It might occasion no disturbance to the state of the Money Market. On the second reading the Chancellor of the Exchequer would ad dress the House , . He would not say that he approved of the Bill from principle; but for the last three months the operation of the Usury Laws had been attended with much inconvenience. The Bill was then brought in and read a Ant time. • FRAUDS OF THE STOCK SICRA WO& Mr. HOBHO'USE wished to ask the Attorney-Gen. if it Were the intention of his Majesty's sssss to introduce any measure in the moue of the Session, for the purpose of restraining the frauds of the Stock Exchange, some practices of which the lion. Member detailed. The ATTORNEY-GENERAL was not aware of any such intention on the part of Ministers. If sued) a ease as the Hon. Member for Westminster bad stated were made out, the law* in its present state was adequate to afford relict : the parties might be indicted for a conspiracy. Mr. HUME wished to know whether the Chancellor of the Exchequer would next Friday nigbt state the •iews of Ministers as to the expenditure of the year.— He hoped there would be some reduction from the ex travagant estima es, which could not be borne under a metallic currency. He was* sorry if a better system of expenditure would not be afforded. The Debt to be sun shoitisi be endured of necessity ; but, independently of that, what occasion for the load of seventeen millions on a peace establishment? Mr. HERMES, in the abser:ce of the Chancellor of the Exchequer, replied, that his Right Hon. Friend had given notice that he sould, as usual, state the estimates of the year on Friday week. It could not therefore be expected that he would enter upon that statement next Friday before the Cornelius, of Supply. The only part of the estimate which should be stated next Friday was the charge for seamen ; which could not be deferred to the regular day, on account of the importance of providing for that Vilest material branch of the public service. Mr. HER RIES then moved the Or& of the Day for the House resolviiie itself into a Committee of Ways pad Means.— Agreed to. 4-• - On the motion that the Speaker should have the Chair, An objection was taken by Mr. HUME, that if the. House agreed to their going into Committee now, it would unction the vote which would hereafter be proposed bt the Hon. Gentleman, respecting the Anneal Duthie; he they were - termed. Mr. HERRIES remindedtbe Hon. Gentleman, who seemed disposed to. tesist•their now going into a Com mittee, that the House had come to a resolution that a supply abould . be granted; and it Would be absurd;' after that vote s slot to go into Committee tb coniitter of the Wiyriiint Means.. If the Hiss. Gentleman wiibed pautarly to 'mate an objection no the antmaldotles being Ms at present, would hene on objeetion to dime teem to be 'postponed, if a vote' of credit • were. passit to' an &:t em which would enable the Government , to 'meet immediate and pressing demands. • - - Mr. BRIGHT strongly-objected to the Hesse manakins iuelf futtlier as to a Supply until they were apprised of the farther in tentions of Ms Majesty's Ministers. - • • • Mr. MABERLY said he •did- not-see there was any reason to oppose the friction, as it would still be in their power to yrevent any compromise of their duty to the country at a future stage: with that view he gave notice that en Monday neat, previous toping into Committee, he /Mudd states variety of grievances under which the public laboured, and on the candela of his Majesty's Ministers upon that occasion would depend his acquiescence or non-compliance with their wishes.. Mr. HUME inquired whether the Hoe. Secretary would post. pone the vete as to Sugar, Malt, and other dudes. Mr. HERRIES said he should postpone the vote fur granting certain duties on Sugar. The House then resolved itself into a Committee. On the modest of Mr. Harries, that 3,500,0001. now In the Exchequer, applicable to the service of the yea: 1525, be applied to the servile of the year 1825; he acquainted the House that it was nut intended to move foe a greater supply than tea millions of Eachequer Bills at present. Mr. HUME felt a Breit disinclination to such large sums in Exchequer Bills being allowed to get into the hands of the Bank. In late instances the Bauk had availed themselves of the power thus given to them, so as to create a sudden ti,e or tall on that public security as they pleased. By throwing an abundance of Ischequer Bills into the market it had lowered them lately 40s. per 1001. in a few hours. lie thought Government should be prevented from pri vately borrowing money from the Bank whenever it wanted it, and that it became them to stand alone. _ _ Mr. MABBRLY should not oppose the motion, be cause this motion WAS essential to secure public pro petty. Besides, it shewcd that the Government was anxious to withdraw from circulation too great a quan. thy of this sort of seculky. It was high tem! this should be remedied. Indeed he had head that the Bank had this day gone into the niarket,• and by buying up Bache., quer Bills, had raised the price of thit security full 20s. 'He hoped the .Bank would, with its usual liberaiity and fairneµ abstain from imprudently influencing the money market in any manner which might iujuru the prisate property of individuals beyond all calculation. Mt. IRVING conceived the Bank had only done in this instance what it was intiticd to dp. It was well known that thongh the commercial world must be supplied with money for its purposes, the supply by mercantile discounts was uncertain and irregular. The merchants, however, were nut particular how they got their money, so as their seas a regular supply adequate to their wants. wtth a slew to create such a supply, bad gone into the' market, and bought up Exchequer liil.s, which oreated an Wine of their notes. it had a clear right . to do so. When there wasbut small propor\ion of the circulating mediunt, it bought up Exchequer Bills; when a larger proportion, ur when unmet was • plenty, it was its time to\dispose of them. Mr. BRICiHT thought Government supine in their efforts to meet the pteaent pressure. Ht was of opinion that 500,0001. wo.th of Ekchequer sent to dif- erent towns whete the presule was most felt, would make a very important ehaige in the mercantile world for the better, by relieving those whose pressing demands requited an int. inediate loan of something like money. ' Mr. CHAR L..ES GRANT regretted extremely the re mark which had been made, that Government bed treatei the distress and difficulty of the moilied intere.ts l ot the country with indifference; and he was the more sorry to hear this horn an Honourable Member whose patriotism it might be supposed would have prevented his having give', utterance to such a sentiment. It was clearly indifferent to the Bank how tNe supply of the circul‘tion was kept up, whether by discouniis plicate , bills, or by purchasing up Exchequer Bills. Here it' seemed they had preferred the latter. This operation of the Wok "as instead of being prejudicial, actually beneficial to those labouring under commercialembar rAssosents. He assured the House, and the Honourable Welber opposite, that Giviennweet deeply sympathised wAth those who were suffering under the present premre, and that in the variety of projects pressed on their attention hourly his Ma jesty's Ministers would not desist from every possille effort to assist them consistent with the public interest. Mr. T. WILSON repeated the objections he had made on a - former night to the project now about to be acted upon by Government. In despite of the vote of Friday night be still continued of opinion that nothing could be materially serviceable to those who were suffering, except an ince or Exhequer Bills, to be advanced by way of loan, on the depuit of their property. Mr. HUTCHINSON gave credit to Government for being deeply interested in the distresses of the country at the present moment. He believed sincerely that much of our distress arose from the expensive nature of our Government. He trusted, therefore, that a still. more rigid system of economy in every department, would elle. racteri se the measures of this year.—The Vote was then agreed to. Mr. HERRIES said a ward bad escaped from an Honourable Member behind him (Mr. T. WILSON), which he believed had been spoken without considera tion. 'He had intimated that Ministers were inclined to treat the distresses of the commercial interests f. lightly." He hoped he bad not considered the full weight of the ward—indeed , he felt certain that if he had more care- fully attended t• its full implication the word never would have escaped him. If he (Mr. Hetries) did not answer tl:e various topics which had been introduced it the shape in which they had been placed before the House, it was because he could not do so withont en tering into ad elaborate discussion, which would be altogether inconsistent with the state of the House at that time. T.e Honourable Member for the City of London had adverted to the species of relief which had been held out.by means of the purchase of Exchequer Bills, and seemed to think that its effect would be extremely trifling, and that it was to be considered ra ther as a measure of the Bank Chan of the Crovernment ; but he would refer him to what passed last night, by which he would perceive that it was a measure of Government, for the Bank could not proceed, if the Government had not pledged itself to bring forward in the course of the Session a measure to enable them to repay to the Bank such - advances as they might make, in accordance with what bad been then stated. A further vote of all suck balances as were in the hands of the Bank, with lottery prizes, under 100,0004 in amount, was agreed to. The following Votes were then agreed. For Military and Naval Pensions . ._ . ,e4,00:1,000 'wards the support of troops in the territorial service of the East India Company . . . . o be raised by. Exchequer Bins, for the service of the Tear 1826. 10,000,000 ...seated Fund for immediate service . . 5,4)00,000 The Vote for the Annual Duties was postponed according to ;regiment, and the report was ordered to be received to-morrow. The Committee of Supply was fixed for Friday next. Mr. HERMES obtained leave to bring in the Annual Indem nity Bill. Mr. BERRIES then brought in the Bill to limit, and after a certain dme prohibit, the circulation of certain Promissory Notes, under & in England, which was read a first, and ordered to be read a second time on Friday. seat, and in the interim be printed. The Moose then adjourned at Balf.past Seven o'Clock. THE EVENING STAR. LONDON. THURSDAY, FEBRUARY 16, 1826. STOCK EEC!! AttiGE.; TWELVE O'CLOCK. • The storm of yesterday appears to hare subsided this morning, and we haunt, reports of any failures. The Consol Mirliet mains steady with little fluctuation. Consols opened at 74j for the Account, soon after a great deal was done at 75 ; aftei which they lowered again to 741 t. The purchasing of Exchequer Bills, which continues, tends to keep the market up. It is thought the Bank will adopt some treasure to assist the Commercial distresses., . In the Foreign Market lithe is doing. Current Prices: Old Spanish •f, Mexican 52 53, Colombian New 41 42, Magian 74 74k, Greek 'Bonds 171 181, Exchequer Bills 1 discount to par. ICR OF STOCKS AT TWO O'CLOCK. Bank Stock 198 1 4 200 199 1 S per Cent. Ited. - 75% tyi S per Cent. Cons. 74% 75 1 / 4 31 per Cent. 84 1 / 4 31 per Cent. Red. 83 1 4 84 ' 4 per Cent. 92•'4/4 34 Ya Long Ann. 18% India Honda; 15 12 dis. 1:1,000 Errkeg. Roll, 1 dis. 1 prem. 1 di:. i.:S(X) ditto 1 prem. 1 dis. par. ElOO and F-200 ditto 1 prem. 1 dis. Cone. for Acct. 74% 75 7474 75% FOREIGN FUNDS, TWO trcimcit Austrian lids S p Cr 85 6 Alex. Bonds sp. Ct. Colombian lids, 6 p C. 44 Do. 8d5,1825, 6 p C. 525 4 6 Do. lids 1824,40‘ f 214 31 5 4 Do. Acct. 52 5417 6* Do. Ace. 401 2 1/ 41 31 41 Peru Hits, 6 p C. 30 Danl.& Mods. Ditto Aeet. 3t Do.lkis, 5 pC.1825, 501 l# 501 Portuguese Bonds 68 70 Greek Bonds I Ituss.lids,lB22, ip C. 74 3 51 6 13t1s, 1825, 1817 i 18* Ditto for Acc. 74 Ditto A.m. 181 18 * Span. 5 p Ct. C. 8) 9 iiitITISH AND FOREIGN SHARKS, TWO O'CLOCK. !HA RR. ram. Bolivar so S 101 &kith Iron Company - 100 55 101 11 10 Pasco Peruvian 100 4 10 5 General Steam Naviltstion 100 5 5 Provincial Bank or !rebut, 100 JO 41 • The country is in a most tearful and unprecedented situation. Mercantile distress rages with redoubled fury. —The remedies applied by the Legislature are of very questionable utility ; but' uhether beneficial or other wise in the abstract, i: is reluctantly admitted on all hands that they are inapplicable to the immediate occa sion, and are by no means calculated to -mitigate the dreadful sufferings under which the monied world is labouring. They are, indeed, avowedly progised by those who support them to be calculated only as a preventative to a recurrence of similar evils in future; but no medicine for the intnise malady which now ac tually, at this moment, consumes the vitak of credit, industry, and property. This disease is to be left to work its own cure. But what, if inch an utter prostration of strength should in the int• rim take place as o ill carry off the patient befoie the uis Medicatrix Nature shall have hid time to operate? Ale no palliatives to be applied? Is the country to become one universal scene of bank ruptiy, and w H no one clime fosward to atre,t the calamity P No—bet ause the maxima of political economy are opposed io such interfeeence. But we are in the mean timt v i olating the self same maxims by a direct interfircuce with the ?situ:: concei as of counii bankers, who having taken the ala , m, an: being, fir m a sense of their own safety, compelled to draw in tht it circulating medium, and to refuse assitanee to any and every one whomsoever, the evil already exi,ting is multivlied in a tenfold ratio. To Odd to the ano. melons situation of the country, we behold Government deriving their chief support in Parliament from their political foss—frcm the very men who for the fourth part of a century have obstructed all their measures! Is there not something ruinous in this disas• trous alliance—opposed as it is by the prac• jical good sense of the eminent and enlightened Members who have drawn their knowledge from better sources than the miits of political economy, that bot. tomless pit into the abyss of which our well intentioned and kind• hearted Ministers seem to be driven by ill: Opposit'on. To the mercantile Members, however, who, from long experience, and actual intercourse with the monied world, are best able to suggest practical means of relief, the country must look for salvation; and, above all, the press at this trying moment must do its duty without fear or favour. The remedies for im mediate mitigation of the national calamity which we have so long, so constantly, and so invariably urged, and reiterated again and again, until we were realiy ashamed of wear)ing out the pati. nce of our Readers, are new countenanced by al,most every practical man in the House of Commons;—especially by Mr. PEARSE. the Bank Director. These are, an increased issue of Ex chequer Bills, at an interest of 31 per day, and the raising to the Same level the interest of those now in cir dilation. As Bank notes render gold unnecessary, so Exchequer Bills, at profitable interest, render Bank notes unnecessary, and force them into circulation, and break up the hoards in which the Currency of the Country is nost buried. They should be issued imme diately on the security of property of every kind, with an unsparing hand; for by this means the debtor only makes over his goods in trust to Government, whose security is transferred to the creditor. In other words, by the intermediate agency of Go*ernment, property is made over to satisfy creditors in defect of money, and credit is saved from annihilation. Far dif• erent, however, is the remedy propose& The Bank, urged by Government, are to substitute Bank Notes Mt Exchequer Bills, by purchasing the latter in the market; and withdrawing them from circulation. The reason is that much the greater part of the Bank, Notes heietofore in circulation were issued on the discount of Bills, and are flowing back to the Bank as those Bills successively become due; bat there are no means of re-issuing an equal amount of notes by new discounts, because unexceptionable bills of exchange canppt be created. Hence to main tain the usual amount of notes in circulation, there are no other means than the purchase by the Bart• of the floating Government securities; but if the latter were at such a rate of interest as to equal the rate yielded by the funded stocks, they would be at a pre mium, and at all times acceptable In, payment 'of a debt, as much as an equal amount of Bank notes.— This is self evident. If, therefore, Bank notes are to be issued in lieu of Exchequer Bills, and the • latter withdrawn, in Gongs name let us prepare curselves for a renewal of the Bank restriction. Such a measure , lay soots become iaetitahle; for there is this most momentous difference between a .Bank note and an Exchequer bill : the former bears no interest, but is instantly cbnve►tiile into gold at the will of the holder.— The latter is not convertible into gold, but the holder is compensated by a premium, in the shape of produc tive interest. And if Government, rather than raise the interest, have urged the Bank to withdraw their Exchequer Bills from the market, why then the Bank have a claim to be protected from the consequences This forenoon we received the Aiken:eine Zeitung to the 10th instant, which contains the following contra dictory accounts from Greece: ,CONSTANTINOPLE, Luz. 10. While the Greeks spread reports favourable to their cause, the Porte announces that Ibrahim PAcba bas taken from the besieged in Missolonghi an•army chest, with 600,000 piastres; and that that bulwark of Greece is reduced to the last extremity. Tire Captain Paella is at anchor off Patras, and the Greek Am appears to observe him there. BY AN EXTRORDINARY COURIER. JANUARY 14.—The favourable news for the Greeks announced by the last Mail seemed to be confirmt:t!- Ibrahim Pacha met with a considerable defeat on the 7th of December, near Corinth, from Nikitas, on which occasion the famous Renegado La Sene (now Suley• man Bey,) was the first to take flight. Ibrahim Pacha has since gone to Para', where Miaulis who has gained advantages in another action with the Captain Pacha, blockades him by sea, and hinders his operations igainst Missolongh'. These accounts make a great impression on the Turks, because this is the last winter campaign made by the Egyptians on European ground. It was already feared that the Franks in the Egyptian service, who advised a winter campaign, will pay dearly for it. The Greeks, on their side, expect 4 favourable issue of this winter campaign, especially as the interior of the More,' is said to have been evacuated by the Egyptians since the middle of December. It was the Neapolitan refugee, Itossarol, who took Tri. polizza, but he was mortally wounded. Mr. Stratford Canning has not yet arrived, some accounts say he delays at Spezzia, others at Napoli de Romania. However, a mimand..r, is already gone to the Darcht nells, to accompany him hither. The report still pre- vails, that he is to make proposals in f.your of the Greeks. On the 4th of this month, there was a terrible. tire in Galata, caused by the J Ati,ssatie;,; by whis:;) tt t% G It