Star. — London, England, 1830-05-24 00:00:00

FRENCH PAPERS. Lucre from different parts of Greet*, up to the beginning of Apr:!, published by the Angslitsrgh Gazelle, give a very favourable ..ccorett of the public affairs of that country. Confidence in the the new govern-nenf was increased by the news of the diction ut Prince Leopold, and the certainty that the President would remain in Grcece by the special desire of the Sovereign Prince. The product of the customs and other indirect taxes was daily im proviag. Considerable activity prevailed in the ports and towns, and the aspect of the fields promised n rich harvest. A great number of the Inhabitants return to Attica unmolested. They are even invited by the Turks to take possession of their property, and to cultivate their la:els, for the Turks know that the Sultan will consent to the indeptridenee of Greece, and that the order for their departure from Athens and Eubcca will shortly arrive from Constantinople. On the other hand, the Turks come in great numbers to Egina and Na pull di Romania, and seek in perfect security their wives, children, and other relations. From the amicable intercourse which now ex ists in those two towns, between the mingled nations, one would scarcely imagine that they fought so desperately against each other, only a short time since. Dr. Zuccarini, who has just sent a collec tion of natural curiosities to Munich, is now analyzing the mineral springs near the Temple of Esculapius, at Epidaurus, in order to terrier that town a watering place." FRENCH FUNDS—Mxy 21. Five per Cents. 1041. 75e 70e. 65c. Three per Cents. 811. 40e. 50c. 20c. 15e. 20c. 1.5 e. Bank Stock, 1,917 f. 50c. 1,915 f. Rentes de Naples, 921. 25e. 10e. 92f. 91f. 80e. Rentes d'Espagne, 151 16. Royal Spanish loan, 88. Rentes Perpetuelle d'Espagne, 79 78 g 78 78g. Exchange on London.—One month (paper), 251. 50c. (money) '251. 45c. Three months (paper) 95f. 35c. (money) 251. 4 'ours Autheraique. THE EVENING STAR. -4(%-.---,'. ••-4 1, 0 ....-v e 9 —cr 5 \A C , ,e''; We"' S. LONDON. MONDAY, MAY 24. THE KING. it is again our painful duty to say, that this day's lulletin is far from being favourable. Considering the Ira tire of the disease under which his MAJESTY is suf fering„ we confess that we are more afflicted than sur prized at these fluctuations in the condition of the Royal Patient. Let us hope, however, that the apprehensions, n•s to a protracted illness, so generally entertained last week, may not be realized. " WINDSOR CASTLE, MAY 24, 1830. The Kixc 's symptoms continue the same. His MAJESTY has passed a sleepless night. (Signed) " HENRY HALFORD. " MATTHEW J. TIERNEY." This day Despatches were received at the Foreign Office, in Downing-street, from his Excellency Lord STUART DE ROTHSAY, our Ambassador at Paris; and from Sir CHARLES BAGOT, our Ambassador at the Hague. It would appear that the rumours so confidently cir culated on the Continent, during the last month, relative to Prince LEOPOLD'S resignation of the Greek Sove reignty, have at length burst forth in England, and in such a way, as to leave no doubt of their authenticity. Disappointed as the friends of Greece must feel at this resolution on the part of the Prince, it will redound greatly to his honour, if it has arisen from the objections of the Prince to the restricted limits proposed by the Allies. In one of the first general views taken of the question of limits, in the columns of this Paper, we not only endeavoured to prove, that the line from Volo to Arta was absolutely essential to the existence of the new State, but that the exclusion of Candia would be a never-ending source of complaint and contention, both among the Greeks themselves, and the Allied Powers. The letter which we published on the 15th inst. from our Cores pondent at Napoli di Romania, will have shewn our readers that the sentiments of the Greeks on the subject of the boundary line, are still precisely as we have so often stated. " The line from Volo to Arta," says our Napoli Correspondent, " was so well adapted to ensure tranquillity and the pacification of Greece, that it is to be regretted any motives could have induced the Powers to change their original intention in that respect. The line agreed upon is one which offers no means of defence : forty thousand men could not guarantee it against an attack, whereas the line from Volo to Arta would re quire only small garrisons at the Thermopyks, Agrapha, and Macrinoros," Under these circumstances, we trust that the Allies, who have already done so much for Greece, will not haggle about a few hundred square miles of territory, more especially, since an insecure boundary would destroy the whole plan, and be as in jurious to Turkey as the people whose destinies they have undertaken to regulate. In the event of the obstacles which have induced Prince LEOPOLD to resign, becoming insuperable, we cannot too earnestly recommend Ministers to look out for such a candidate as we have so frequently pointed out, namely, a man who shall combine military and political talents in a high degree. We do not, with our long per sonal acquaintance with the Greek people and their cause, believe it possible for an inexperienced ruler to assume the reins of the new government with any fair chance of success. • It is proposed to forma Society to be called " The National Colonization Society," for the purpose of die burthening the country of its present excessive popula tion, and enabling the remainder to live in comfort. The means for the attainment of this desirable consummation are developed in the following resolutions to be submitted to a public meeting iu the course of the present week. " 11. litesolved—That it is desirable to relieve the emu of po pulation in proportion to employment existing in this country, and, at the acme time, to supply the urgent demand for labour in the colonies, by a well.regulated system of emigration and colonisation. ,4 111. Resolved—That the most efficaciousurods of carrying into etas these purposes of the Society, is-1. By a selection of emi. grams, whereby the grestsitamount of prearoadva power would emigrate at the least expense, that is, in the least number of per .ases. 2. By coneentration of colonists, whereby, through division d labour, and cossequent accumulation of wealth, the greatest amount of employment for emigrants would be secured. 3. By the sale of unappropriated land, whereby emigration might be con ducted free of cost to the State. " IV. Resolved—That a Society be formed, to be called "I'he National Colonisation Society.' "V. Resolved, That, although an Emigration Fund could not be derived from the sale of waste lands without the co-operation of go vernment, yet it is conceived that a Fund might be obtained from parochial advances and from the bounty of individuals, by which a tree passage might be provided to the Colonies fur such young couples and ,others as may be desirous to emigrate, and for whose labour, at the same time, the Colonies may furnish an ample demand. " VI. Resolved, That his MAJESTY'S Government be requested to aid the objects of the Society, by requiring a payment, in money, for all future grants of land in the Colonies, and by paying to the Society, out of the proceeds of sales, a fixed sum for every young couple which the Society shall convey to the Colony free of cost." In this plan, pompously put forward an original plan, we see nothing but an illegitimate s?i•) of Mr. W Later HORTON'S system of emigration. But, though that system has not met the sense of the people nor of the Parliament, we do not object to the present proposi tion solely on that account. Oar objection goes to its own intrinsic defects. While reclaimable wastes and wilds, to the amount of many raillions of acres, re main in England and Ireland, we cannot conceive the good policy of sending its able bodied labourers out of the country. Have not these unemployed, able bodied men, families dependent upon them necessarily be come paupers also, and how will the expatriation of the principals enable the remainder to live in comfort, we are at a loss to perceive ? Those dependant families of pau pers will remain just as they were. But it is not every able-bodied labourer who is to be comidered fit for the purpose. There is to be a selection of the greatest quan tity of procreative power in the least number of persons— that is, such young persons, male and female, as promise to prove the best breeders, are to have a preference.— With the rules by which this can be ascertained we acknowledge we are not acquainted. The size of a family does not always depend upon the personal appearance of the parents. It will, we admit, be s very comfortable state of things when Nature will be so nicely regulated by the Committee, that a number of breeding labourers shall be kept at home, just sufficient to furnish the necessary supply for the cultivation of the country in its present state, without any view to its future improvement. It is however unnecessary to enter further into the merits of this plan, because it is attended with a difficulty which has defeated a thousand others equally feasible. We mean the difficulty of find ing the necessary funds. The parishes and the Parlia ment will not be very ready to make the necessary ad vances, and there are few individuals patriotic and generous enough to spend their money in the public cause. your approbation and confidence. lam determined to know, nothing among you " save even-banded justice," and whilst I inflexibly support and maintain the supre macy and dominion of the law, and render a faithful obedience to the connuands of our gracious sovereign—at the same time supportiog to the utmost of my ability every measztre calculated to further your prosperity. I know full well I shall best establish the welfare and happiness of this ancient and loyal colony, and fulfil the wishes of his Majesty's Government. In all our deliberations, having but one object in view, our duty to our King and to our country, let us, in addition to zeal and intelligence, continue to exhibit that calm and dispassionate deportment becoming matters of such high import, thus insuring to this happy island, beyond the other blessings of Providence, uninterrupted harmony and peace. We have received this morning Barbadoes Papers to the Gth April. The Session of Legislature had been Mr. BERG UER has addressed a second letter to the Morning Herald, on the subject of the misunderstanding between the Marquis of BLAN DFORD and Mr. HUNT. As we intend to lay the whole correspondence before onr readers, in a compact form, we deem it unnecessary to enter into any discussion in the merits of the question to day. CITY, TWELVE O'CLOCK. Owing to the French Funds having come one per cent. lower. and the bulletins of the kirg's health not being so favourable as was expected, the Funds appear very heavy this morning. Consols which left off on Saturday at 93i to i for the Account, have receded to 921 1, and for next time OS to a. It is said the French ltentes are 110450. _ _ _ _ _ ..._ .._. _.... Lettters from Mexico stat: that the dvil war, which was scarcely suppressed; has broken out afresh, and that the partisans of Guai ra° have had a battle with the government troops, but the result is not known. In the Foreign Market Greet Bonds have a gloomy appearance, and have gone down from bto 6 per cent. This is attributed to • statement in a morning journal of Prince Coburg refusing to go to Greece; but this report must be looked on with caution. In cilia Securities little doing u yet. LIVERPOOL, MAT 22.—The import this week of cotton is not less than 38,424 bags, and the sales are 10,110 bags, at a decline of fully of a penny per lb. In sugar, about 900 hhds. of B. P. su gar have been disposed of this week, in some instances at rather lower prices ; with 480 bags of Mauritius, at 51s. to 555. 6d. In foreign, nothing has been done. In coffoc, she sales were 250 casks and 160 bags, at irregular prices. Accounts from Lisbon state, that D'Aeosta, the Spanish Ambas sador, is going to return to Madrid. A fact has recently occurred, which shows the deplorable state of the Treasure in the above ca. l pital. The house of Oneto and Rupir i has protested a bill on 111. Duponte, Charge d'Affaires of Don Miguel at Paris.—lt appears that some blood has been spilt in a guard between the agents of the police and the soldiers of the 7th regiment, its a search t'or some proclamations received from Tercel's. The agents of the police were obliged to withdraw, without having accomplished their object. A !Sardinian squadron, composed of tee frigates of 60 guns, one of 44 guns, a corvette of 20 guns, and a brig, have sailed on the 2d May for Tunis, to demand satisfatdu of the lky. Accounts from Paris state that an agent of the house of Gold- smith, in concert with a banking house at Paris, had arrived at Lisbon, to contract with Don Miguel a loan on condition that the jewels of the crown, and those belonging to the Royal Chapel, should be deposited in their hands as a security. A Lisbon mail has arrived, brought by the Magnet, sailed on the 9th Slay. HALF-PAST ONE O'CLOCK. The Consol Market still continues at the price of our former quotation 92; for the Account, and 93i for next time. The new 4 per Cents. shut to-morrow, which is earlier than usual, owing to their opening new books. Accounts are said to be in town, that the house of Palmer and Co. of Calcutta, have resumed their payments. This evening the important affairs of Greece will be brought be fore the house, and It is said that Lord londondeerrry will put the question to Lord Aberdeen, if Prince Cobourg is going or not. It is stated , should he refuse, that the second son of the Bing ofHol land will be appointed. In the Foreign Market little doing except in Greek Bonds, which remain at 36 opened on the 23d of the preceding month, with the fol lowing address from the Governor, Sir JAMES LYON : • " Mr. President, my Lord, and Gentlemen of the Counsel, " Mr Speaker, and Gentlemen of the Assembly, " It is to me a source of heartfelt pleasure that I am enabled to congratulate you on the abundance of the late crop of provisions, and I sincerely trust that the improve ment dawning on the produce on which so much of the capital of the Island is invested, may continue steadily to advance. Equally must I express the satisfaction I have experienced on having seen the militia of our Colony un der arms. The state of discipline of the different corps composing it, is most creditable to them ; and the zeal and good spirit which pervades throughout, assures me that the efforts of both officers and men will tend to main tain them in their present good order. " I suggest for your consideration the expediency of some measure being proposed which may secure a supply of arms and appointments to the whole effective strength, in order that the services of every man enrolled may be made available. " Mr. Speaker and Gentlemen of the Assembly, •• " The cheerful and prompt manner with which sup p es were voted last Session, entitle me to anticipate a continuance of the same praiseworthy readiness on meeting the current expenses of the current year. " I would beg most particularly to draw your attention to the policy of providing without delay for the transfer to Bermuda, or elsewhere, of those convicts who have been or may hereafter be sentenced to transportation for life. The benefits arising to the public from the speedy removal of such persons from the Colony, are too obvious to require recital. " Mr. President, my Lord, and Gentlemen of the Council, " Mr. Speaker, and Gentlemen of the Assembly, " In addition to the several important measures which may be laid before you, there is one I must beg to sub mit to your early consideration, that is—the necessity of a census being taken of the white, and our coloured, in habitants of the colony. An approximation can only, at present, be reached, of the actual state of that part of our population, and I have no doubt you will agree with mo p that it is very desirable a more accurate enumeration should be immediately effected. I would also bring ear nestly to your notice, the amendments which were sug gested by his MAJESTY'S Ministers at the time of pass ' ing the Consolidated Slave Act, and which have since been reiterated. Highly beneficial effects have already resulted, and, under the peculiar advantages we enjoy, ' still more happy consequences may be anticipated, f r om the erection and maintenance of schools for the training up of youth in reading, and in the necessary knowledge of the principles of religion. When we turn our thoughts to the surest means of promoting the best interests and well-being of the people, we cannot but remember how , essential religion, and a virtuous education, are, to obtain i that end. Advices from Calcutta to the 4th of February, by the L'lrma, arrived at Bourdeaun, has been received at the North and South and South American Coffee-House : It appears that on the 31st of January, at a meeting of the native creditors of the firm of Messrs. Palmer and Co. it was unanimously resolved, that a term of six years should be given to that house, in which to pay all their engagements, with five per cent. interest thereon. This proposal was subsequently agreed to by several of the largest European creditors, and as an immediate applica tion was to be made to the Spring Court, to supersede the commission of insolvency, there seemed to be no doubt entertained ; but that this plan, or somthing as nearly similar as legal formalities permit, would be adopted, thereby securing to all the creditors, Native and European, in India and in Europe, their whole capital,with interest thereon, and the business of Messrs. Palmer and Co. will continue to be carried on, large offers of ca pital being already made to place the firm on its proper footing. Rumours were prevalent in the city, and at the clubs, on Saturday, that the Allied Governments would have im mediately to name a substitute for Prince Leopold as So vereign Prince of Greece—his Royal Highness having sent in his resignation of that illustrious office. We re gret to say, that we have no reason to disbelieve the above reports, but, on the contrary, are inclined to give them credit in every thing except their having made the altera tion of the Prince's sentiments depend on alleged differ ences with the allied Courts as to pecuniary arrangements. We have strong reason to be satisfied that no difference whatever existed with regard to money, on which point all parties had long been agreed. It is, however, more than probable, and in fact we are disposed to ink, that another important consideration—viz. that of the con fined boundary allotted to Greece upon the north-western frontier—has been the real cause of Prince Leopold's reluctance to undertake at last the duties of the Greek Government. We owe to his Royal Highness to admit, that if the people of Greece should have felt the separa tion of so valuable a portion of their brethren, as would have been cut off by the course of the Aspropotamos, to be a national disgrace or misfortune, motives fa r mo r e bo nourable than any of a financial nature—for which, in fact, as we said before, there never was any ground —may have weighed with the Prince against his fulfilling engage ments, in the acceptance of which he had not contem plated the refusal of the Greek representatives, through their Senate, to sanction a dismemberment of Greece. —We do not understand the objections which would appear to ham been made against extending the Greek territory to the line of Arta and Volo, which, so far as mere space is concerned, includes but little beyond the line of Abe Aspropotamos : it rests with the Allies to declare whether they will consider it worth their while to stand oat for such an object, and thus to be compelled to transfer the Greek Sovereignty to some different person. We do not, indeed, anticipate that there would be much delay or difficulty in closing with another German Prince, of well-known name and character. But still we feel de sirous that the scruples of his Royal Highness, which, as represented to us, arc those of a conscientious patriot, may, if possible, be respected and indulged, so that no in .. eruption may arise to embarrass even for a momen t (it Infallibility is no attribute of human endeavou r , b u t u could be but momentary) the results of a negotiation so far as my humble powers will enable me in the discharge creditable- to the parties engaged in it, and so replete with of the high isavespansible duties with which I am en- every prospect of recovered peace, prosperity, and hap -TOWS. trusted, it will ever be my most anxious wish to merit piness, to a celebrated but long-lost people. IMPROVEMENT in the BANKING SYSTF4' ~1 TO THE EDIT U OF STAR. SIR,—In explanation of my communication on the system of the Country Etanks, addressed to the dent of the Board of Trade on the 24th of April last, an inserted in the Si it of the 28th of the same month. 1 trouble you with several supplementary observations au,. remarks, contained in a circular, dated the 1:lth instant printed for the information and convenience of the Mem . hers of both houses of Parliament. The advantages, resulting to Government, and to th.: Country Banker, from the Banking business, and a small paper medium, upon the secure and permanent basis I have recommended, are founded upon a principle entirely new, and consistent in every respect, I hope, with tit.. interests and sentiments of the community at large; they are totally distinct from the Prohibitory Act of 1819, relating to the money transactions between the (loy orn . ment and the Bank of England, and from the enact ments and provisions of the Bill of 1828, comutoni v called the Savings' Bank Act; though, on the nature ani properties of the latter I beg leave to introduce ;.• very fe'm words. The substance of this extraordinary Bill is : That t, meet any demands which may be made on the Ca►ena,. sioners by the Trustees of the Savings' Banks, frog► tla; is deposits being appropriated to the service of the State, and secured by an equivalent in the public Stocks 01 Funds, the Lords of the Treasury may issue Exclieque: Bills, upon which the Banks of England and Ireland may make advances in money. The ('oanu►issioners n►at sell stock, and apply all monies in the purchase of suci. Treasury Paper held by those Banks, or the public, which may be cancelled, and stock to a correspouding amount may be created, and place.' to the credit of the Commis.sioners, who may sell the same, and re•purchasc such paper. Government, however, although they have the pones of borrowing the whole of the Savings' Banks Fund, have not the ►neans of rendering themselves independent of the Bank of England, the ulterior point, perhaps. they had in view ; for, from the want of an extended market iu regard to Exchequer Bills and other Trea sury Paper, and a financial arrangement adequate to the purpose (which the Bill could not pos sibly supply, and which my proposal, I believe. will decidedly effect) Ministers must necessarily have recourse to the bank, as often as any exigencies arise, to advance the loans, and to put their deficiency bills (which on the sth of January, 1825, amounted .) £1,550,276, and on the sth of July, 1829, £7,274,827,) into circulation. Availing myself of your obliging disposition to open your columns for the advancement of any measure of public utility, I take the opportunity of alluding to the crime of forger•, with which the banking interests arc. more or less, affected, especially as the Secretary for 11,e Home Department contemplates some amendment in the state of the Law ; and to observe, that, from the superior form and workmanship of the country bank note stamp, and from the circumstance of retiring all notes under five pounds, at the end 01 three years, and all notes for five pounds or any larger sum, at the end of five years, from their local cir culation, as suggested in my communication on the 2-111. of April last, and printed circular, the forgery of country bank paper would, in a great degree, if not entirely, effaced from the page of our criminal code. I am, Sir, your obedient servant, May 22d, 1830. W. The Monetary Lan of 1819. This statute repealed the legislative protection of the Bank, and altered the standard price of gold (a commodity regulated by the amount of money in Europe, and not In England,) front 11. ls. ts 31. 17s. 10d. per ounce ; and Government, doubtleu, in ream. mending the measure to Parliament, were desirous only of restoring the sound metallic currency, and of promoting the welfare and th. best interests of the community. A change, however, in the polit:. cal situation of other nations, and the interposition of varioe• events, which could not be controlled or foreseen, have frustrated their endeavours, and rendered the operation of the Bill, for tit moat part, unavailing; nevertheless, the reproof imputed to Mini. tent, in this respect, is evidently misplaced, and consequently on• merited. The Act of 18224 permitted Country One Pound Notes to paw current ten years, until 1833, and at the same time obliged th.. Banks to continue to pay their demands in gold, or, what is pre. cisely the same, in Bank of England paper convertible into gold. The Act of 1828 ordained the extinction of the Small Notes on the sth of April, 1829, (without any concurrent measure of relief for those in whose behalf this paper money in 1822-3 was re-intro• duced,) still the Banks, in the meantime, paid their demands in gold ; hence, a paper and a gold money, of the same denomination, circulated together for a period of about seven years, subsequently to the Act of 1819 ; and now, with the law in full operation, we have a sound metallic medium, and low prices,* in some instances. and partly from this transition, to the extent nearly of 50 per ant. Oa the Advantage of Brehequer Bills to Government, and to Country Bankers, front the improvement in the Banking syi:c.. I have recommended. The Country Banker, by being enabled to hold Exchequer DIE' to meet his demands upon any emergency, would obtain iflitTo!. by laying out money in these securities, and would be prepared fc any run upon his establishment; besides, he would acquire the means of reducing considerably the amount of his stock appropriated to the service of his agents in London; and he would, at the 5.. n.: time, render such Treasury paper pre-eminently useul to the (ir• vernment, and promote the operation of their financial arrangcmat,. By contracting the issue of liktdsequer Bills, and extending, uprz this principle, the circulation of such only as would be requisite to supply the ordinary purposes of the State, an extension of pow. hitherto unknown, would devolve upon his Majesty's Government and enable Mistletoes, with peculiar facility, to raise what 1,4714 then night regsdrefer the wake of the year, independently of the Bank qf England, and without any embarrassment to their monel transactions with that establishment. W. • See a Pamphlet on th. state of prices, entiled, The procr.; operation of the Am of Parliament of July 1819." Field Marshal Lieutenant Count WA tmon EN e 14 ' 1 commands at Milan, passed, on the 10th instant, througt Wurtemirerg. He came from Vienna, and was going to Loudon. He is said to be charged with a speed: mission to the Court of London. Count WA L MOP Nis the descendant of A distinguished Hanoverian family. The PITT CLuns are all expiring sub silentio, an the approaching 28th of May, the birth-day of the im mortal pilot " wbo weathered the storm" is, it seems, to pass over in Leeds, and in other places, in solemn silence. Very well, there's an end of that bubble' Even the London Pitt Club has measured its days; and. " in consequence of the precarious state of the Knit , health, and out of affectionate regard to his MarEsTY .; the anniversary dinner will not take place this year." No, nor the next year either.—heeds Me r cury. On the night of the 15th inst. Miss Smithson took a sacre to carry her home, but the coachman, instead of proceeding in that direction, drove towards the country the actress became alarmed, opened the door, leaped out of the carriage, and left the coachman to continue his route, without taking the trouble of paying him the price of a jaunt that threatened disastrous consequences.—Fi gal'O. feel had con acct ledi rail girl left dim sele He ton. his ere Gr. cii' Ex o'd Wi Ho yea CL to i am Tw Co, Ald mili for wh o info