Star. — London, England, 1830-05-07 00:00:00

I i .• 41 .11 • 110 • ; 410) . 1 , 3 0) 3gartt at'•o 7l:2l23 Lt r oZ • 0 011911131. urges N°2 11)1"Al. DISPENSARY FOR DISEASES OF THE RALia l DEAN.STREET, 30110-SQUARE. PATRON; HIS MAJESTY, President—The Most Noble Marquess Cassoww, 5. a. On SUNDAY NEXT, M air 9, ASERMON will be Preached at the Church .of St. . George the Martyr, Queen Square, by the Right Rey. Edward, Lord Bishop of Llandaff, fur the benefit of the above In mitutiatt.—Since the establishment of the Charity in 181 G, upwards of 8782 Patients, afflicted with Deafness and other Diseases of the Ear, have been admitted...379o Cured—and 2497 Relieved—in cluding several Cases of Deaf and Dumb.—Service will commence at Eleven o'clock. W. HARRISON, D.D. Royal Dispensary, Secretary. klay 4, 1830. FRIDAY EVENING, MAY 7, ISM. N°• 13,468. PRIVF 70. ANTISLAVERY SOCIETY. AGENERAL MEETING of the SOCIETY for the ABOLITION of SLAVERY throughout the BRITISH DOMINIONS, will be held at FREEMASONS' HALL, Great Queen.street, Lincoln's-Inn Fields, on SATURDAY the Fr rwasKTII ef MAY, 1830. WILLIAM WILBERFORCE, Esq. in the Chair. The Doors will be opened at Twelve o'Clock, and the Chair taken at One precisely. ... TBOMAS PRINOLE, Secretary. 0 . 0 Tickets of Admission may be had on application at the Society's Office, 18, Aldermanbury ; at Messrs. Hatchard aad Son's, 187, Piccadilly ; Mr. Nisbet's, 21, Bernere-street ; Messrs. Seeley's, Fleet.street ; and Messrs. Arch's, 61, Cornhill. APPROVED FAMILY MED I CINE& Sold by Lk rxxx and Co. Cheapside, corner of St. Pawl's; Savory and Co. 136, New Bond-street, and 290, Regent-street; oil, Oxford-street ; Bayley and Co. 17, Cockspur-street ; Win. dus, 61, Bishopsgate.without ; Chalk, 47, 31 iaories ; Essum, 27, Aldgate ; and Odling, 159, &sough. TAR. JAMES'S FEVER POWDER is universally .15 approved by the Profession and the Public, and is adminis tered with equal success in Fever, Inflammatory Diseases, Measles, Pleurisy, Sore Throats, Rheumatism, &c. When given in Colds Catarrhs, fix. it Is generally found to check their progress, or shorter; their duration. In Packets, 2s. 9d. and 245. DIXON'S ANTIBILIOUS PILLS.—As a mild and effectual remedy in all those Affections which have their origin in a morbid action of the Liver and Biliary organs, namely, Indigestion, Loss of Appetite Head.ache, Flatulence. Heartburn, Constipation, &c. these Pills ( which do not contain Mercury in any shape) have met with more general approval than any other Medicine ; they are found sad acknowledged to be a most invaluable Medicine in tropical cli. mates. In Boxes, a 2s. 91. 4s. 6d. I la. and 225. TOWERS' FLUID EXTRACT OF BARK. In the Fluid Extract of Bark are combined the fine and essential qualities of the purest Peruvian Bark, viz. the Quinnine, Chinchonine, and valua ble astringent principle in a concentrated state ; it thus affords the readiest means of preparing Bark Draughts of any strength with the utmost facility. In Bottles at 2s. 9d. 4s. 6d. and 1 Is. FOTHERGILL'S NERVOUS DROPS—are much used by those who are afflicted with Nervous affections ; such as Lowness of Spirits, Fainting Fits, Hysterical and Spasmodic Diseases, Debility and relaxation of the System, and are highly extolled by those who have had recourse to them. In Bottles at 4s. Gd. I is. and 235. 111CKlIAN'S PILLS FOR GRAVEL, STONE, &c.—This Medicine has been long approved for the relief of affections of the Kidneys and Bladder, which are attended with the formation of Gravel, Calculus, and those pains of the Back and Loins which ac company these affections; they allay the pain, neutralize the acid which is the means of forming the concretion, and are found to suc ceed when most remedies of the kind have altogether failed. In Bales at 2s. 9d. and I la. BUTLER'S IMPROVED DAFFY'S ELIXIR.—This Pre paration (made with the finest Brandy) will be found much superior :a any other. Purchasers are requested to ask far " Butler's Daffrs Elixir," and to observe their name on the Government Stamp. In half pint Bottles at 2s. 9d. TOWERS' SOLUTION OF CAMPHOR.—The Solution of Camphor is an elegant preparation of one of the best Medicines of the whole Materla Medics, by which pure Camphor may be given m the fluid form of a Draught or Julep. It thus produces refresh ing sleep, eases pain, calms the system, removes recent colds, and nay often be given with effect where opiates wholly faiL In Bot. dos at 2s. 9d. 4s. 6d. and I la. PERRY'S ESSENCE FOR TOOTH AND EAR ACHE—. has been found of such extreme service in relieving Tooth and Ear ache, that it has been commented upon most favourably in several Medical Journals ; it affords instantaneous relief. and generally pre. vents any recurrence of pain. In Bottles at Is. lid. and 2s. 9d. FRENCH PAPERS. From the Gazette de France. The preparations for the embarkation continue with astonishing rapidity. However, it appears that the expedition will be able to set sail only on the Bth or 10th. The last news from the coast of Algiers announced that the wind was contrary ; but of course from one moment to another it may change. It has been calculated, from the great precautions which have been taken, that 10,000 mm may 5r disembarked in to o hours. TOULON, APRIL 18. M. de Bourmont, Minister of War, Commander.in-Chief of the African expedition, accompanied by three of his sons, arrived here last night. The 31unicipal Council of the town of Toulon have voted the cum of 2,400 francs to be distributed in bread to the poor families .n the occasion of the arrival of his Royal Highness the High Ad miral of Frar.ce. Extract from the Aviso de Toulon of April 27. There is now in the roads, besides the vessels of war, 180 vessels .1,1 86 transports. .11: the shipping of the army coming from the western ports, and etutipped here since the 10th of this month, are to have four' •uulitha provisions for the ships' crew, and one month's provisions foe the soldiers, whom they are to receive on board as passengers. fhe materiel of the artillery to ba embarked for the expedition Is vi! rosed of 4 batteries, 80 besieging pieces, and a park of reserve of 2u of 24 pieces, which forms a total of 124 to 128 guns. It is pea 'tuned that the embarking of all this materiel cannot be terminated bdurr the 16th of May. It is repotted that the order for embarkation is given for the bth vt May. GENOA, Arai!. 24. Aswarding to the request the French Minister made to the Ainitedan Government, the three captains of merchant yes -1,!-, Joseph Mao, Jean Baptiste Siri, and Francois Rossi, left for Toulon, where they are to embark on board the v,ss•As forming part of the African expedition. It is supposed that Tese Genoese sailors have been demanded upon the recommends :%.rn ul Captain Bevastro, by whom they are particularly known as cuannandcd privateers in the last wars, and as knowing per ',city the coast of Africa, besides, before commanding these pri yawns, they were in the Maltese gallica which did so much mis chief among the pirates of Barbary. It is nutura to think that that the great poltical questions are for the present excluded from the deliberations of the council. The dhietice of the Dauphin, who necessarily has a great influence upon t;,e affairs of general policy, gives reason to suppose that they are ,I,l3yed until his return. &sides two Ministers, M. dliausses and M. de Bourmont, are .`"ent ; t h e council is therefore incomplete, and whatever may be t,e influence of M. de Polignac, nothing important can be decided present. As to the question of the dissolution, it is certain that it has been •okeel upon for sonic days past, and that the manner of executing rLf,ards toe Minister of the Interior, with which he is now ex itusiiely eceupied. The report prevalent this evening affirms that he J) Lnished his laboars, that all the batteries are mounted, and ,t the ordinance will appear iinracdiately.—Conshitulionnet FRENCH FUNDS—MAy 4. fire pet Cents. 105 f. 70c. 65c 70c. 65c. 60c. Four per Cents. 101 f. 10c. Three per Cents. 1121 f. 65c. 59c. 60c. 73c. Sac. Hank Stock, 1,910 f. Reines Je Napks, 93f. 30c. 95c. 30c. 15c. 25c. 93r. ISt. 20c. ‘. ls c. 40e. llentr; d'Espagne, Ituy.l Spanish 1 o.w, e 9;. lirnta Perprtut:le o'Espagne, pH algal BC Exchange on London.—One month (paper), SOL 60e. (mosey) 55c.—Three months (caper) 41f. 45c. ( 0306 41) 25 t; 40e.— C uars Anikentique. MEXICO. M. Da GoROSTIZA, Minister of Mexico, in England, has the honour to communicate to the holders of stock, in the loans raised in England for the service of his Go- vernment, a translation of a despatch which he has re ceived by the last packet from M. ALA MAN, Secretary of State for Foreign Affairs. _ " MICRICO, MARCH ft, 1830. cs One of the most powerful considerations which induced His Excellency, the Vice-President, to promote at the Head Quarters of the Army of Reserve, the Declaration anti re-establishment of I the Constitution and Laws, which has been called for by general opinion in every part of the Republic, and authorised by the Coo grem of the Union, was the melancholy prospect of the National Credit abroad. His Excellency observed with much sorrow, that the violation of all constitutional principles, the scandalous attacks which had been made on property, the want of security to persons, the destruction of all those foundations on which alone the of a State can rest, and the repeated failures to fulfil pecuniary • ligation, had made a complete revolution in the minds of men ; and that all the individuals bound before by sympathy or by in .terest to the success of the Mexican cause, finding their hopes of re-payment defeated, became either hostile or indifferent, and some of them even cursed the moment in which they had con tracted any engagements with our country. As men most com monly fly from one extreme to another, many of the very persons, who, without knowing the truth as to Mexico, had formed exag gerated notions of its riches, and had ilattereithemselves with the hope of greatly increasing their property, by merely employing • 1 portion of it in some of the undertakings entered into in this lie. `public, at last even doubted whether its whole resources would avail to cover its engagements. " The present administration being strongly impressed by these facts, and deeply feeling how important it would be to replace the credit of the country on a proper footing, would have wished to oc cupy themselves exclusively with this subject, from the moment at which they entered on their functions, had not Internal affairs of the utmost importance demanded their instant attention. " The Vice-President is therefore desirous that the laws estab lished for the support of the credit and good name of the State in Foreign countries, should now begin to have all the force, which, under the circumstances, is possible. lie desires this with that per. feet openness and good faith, which he wishes to mark all the acts of his Government, even amidst the difficulties in which he has found the finances of the Republic, and which are notorious to all the world. This statement ought to be considered as a fresh proof of the sincerity of his promises on this subject, and of the sacrifices which he is resolved to make in order to secure its prosperous issue. " The Law of the 23d May, 1828, set apart for the payment of the Dividends, and the gradual extinction of the Capital of the Fo reign Debts, one Bth of the net produce of the Custom Duties at the Sea Ports, and the whole of the Duties on exported Gold and Silver, whether coined or uncoined. That law was not enforced, because, while a part of the receipts from the Customs was pledged for a ape. dile purpose, the whole of those receipts were, in fact, employed to cover the expences of the Government. " As these sums were applied to meet unexpected, but most press. ing difficulties, and as the political condition of the Republic dimi nished the resources front which they were drawn, a sufficient revs. nue never was obtained to supply immediate wants, and beside ex hausting all their actual means, the Government were compelled to raise money, by anticipating the future produce of their Custom Houses. These circumstances, and the necessity of opposing the Spanish Invasion, led in many cases to the seizure, by the military authorities, of funds destined for other purposes ; and thus froth losses were incurred, and ruinous contracts could not be avoided. " Happily a decree of the Senate, suspending the terms of the last loan contracted (at Mexico), by virtue of the extraordinary powers granted to the last administration, has enabled the present, with the consent of the mediums, and the approbation of the cham bers, to set her a considerable part of the receipts of customs at the sea-ports ; it having been settled with the said creditors, that, as the previous contract is entirely rescinded, the sums for which the Public Treasury is tesponrible to them, shall be paid by lb per cent. of all the duties on imported commodities. The Government have thought themselves obliged to make this arrangement, because, although the above.mentioned loan was taken on most unfavourable conditions, they desire, as far as possible, to do justice to all their creditors. Eighty.five per cent. of these duties will thus remain unappropriated ; and though the Government do not forget that this source of revenue, and all the others, diminished as they are by past political disturbances, would not suffice to meet the most pressing expenses of the State, they have resolved to apply an Bth of the produce of all duties on imported goods, as pledged in the law be fore cited, in paying the interest on the loans raised in London; but not for the present to employ in this way, the duties on the pre cious metals, spoken of in the same law; and this because, in con sequence of the difficulties which I have stated, the Government cannot reckon with confidence on being able to fulfil more than what is here promised. If they were to engage themselves more largely, besides renewing disappointments similar to those produced by their rs, they would compromise that good faith which they E d ir e e ee t s o lw maintain, and would even render ineffectual their own do., sire and confident hope of continuing to fulfil all that they have now undertaken, and to make regular payments to their English creditors. Consequently, his Excellency, the Vice-President, with the knowledge and consent of the Minister of Finance, has desired me to inform you of his views, and to direct that you will Imola. diately communicate them to the principal holders of Mexican bonds ' • and that you will, at the same time, make public the means which his Excellency judges to be most proper for Riving effect so his wishes. " It is probable that this may best be accomplished by calling a Meeting of the principal Holders of the Bonds in London, who may name en individual in possession of their confidence in this capital, and to communicate constantly with the Government. Agents may be appointed by him at the Ports of the Republic; and ammo. diately after the arrival of a vessel, and the determination of the duties to which her cargo may be liable, the eighth Share shall be set apart, and shell be in the power of the Agent at Mexico, and be held by him at the pleasure of his constituents ; subject, how ever, to the delay of forty days in its payment, which is granted by the National Tariff; it being also understood, that the responsi. bility of the Mexican Treasury, far whatever sum may be in ques. don, shall cease from the moment when it reaches the hands of the English Agent. The Mexican Government will undertake to dis charge the per.e.entage, payable as duty on the exportation of these sums, the freight to London, and the commission ; reckoning the sums in question to the rate of exchange for the Mexican dollar in 'London. The ernment will not confine themselves to this, but will occupy themselves in regulating the finances, and will low no opportunity of applying any other funds that may be in their power to the payment of their debt ; and more especially will take we to enforce, completely, the law above cited, so soon as the en. gagement shall terminate,, by, which lb per cent is pledged for the payment of the Loan last contracted [in Mexico.] As the house of Bering Brothers and Co. Is one of the most eminent and respectable of that kingdom, and has already rendered important service to the Republic, the Vies. President wishes that It should undertake, en the part of Mexico, the operations rendered ne cessary by the adoption of the present proposal His Excellency would be highly gratified If the same house, with its m ots in this capital, was to be selected on the pert of the c redi tors of the republic; a choice which would much facilitate the necessary ar. rangements. " The Viee.President is well aware, that the present offer may appear, lo some eyes, too frank an acknowledgment of the digeal ties of the nation, and may disappoint the tropes of sonnet the Bond Holders. But he trusts that it will also be considered as an evidence of the sincerity and good faith with which he desires to set ; and that the creditors of Mexico will perceive bow far more advents , geous it is foe their interests, that these, comparatirely.small engage ments, should be regularly fulfilled, than that larger sad more mar nificent promises should eallein Aqaba sterile. " Having thus statotlas pupa* tithe Goinonment, I may add, that as soon as the pelisse at by doll pus, which has been pre sented to the (,`hevsr of Nob% in the subject of the Lawny of the limits of the Begrablia, and of which the first article pennies the importation of Ceteanipetis for a fixed period, under a certain duty, the Customs-dudes will be iitexessod, snd, an a suldiclic cal culation, will probably imam to sewn est dila WIDOW Of dalnite. In this aye, the 60th put snowball so tho m tZliobCraillont will very nearly ouia far dot *4 psylant tig ( 11 41 1 AIWATi• " To M. De Gorostise I M PERIA L PA RLI AM ENT. HOUSE OF LORDS+THURSDA T. Several petitions were presented against the renewal of the East India Company's Charter, (or the Abolition of the Punishment of Death for Forgery, and for the introduction of the Poor Laws to Ireland. On the last subject, The Earl of DARNLEY presented a petition from Kingstown, King's County. The noble earl described the petition as being nu merously signed, among whom were a hundred gentlemen worth 1,0001. each. The Earl of LIMERICK deprecated the introduction of the poor laws to Ireland, and said that, if such a system ever were adopted, it would prove a national calamity. If the petitioners were gen tlemen, he would observe, with respect to their prayer, (the Loam help them, they knew not what they did. The Earl of DARNLEY said that the petitioners resided upon the rpm, and bad a good opportunity of witnessing the evils attend ing a want of parochial support for the aged and afflicted ; and they thought it high time that those genticeelel should contribute scene tani wads the maintaaance of the hewer deems, when eeeemAteu by sickness or infirmity, who drew their resources from the estates upon which they did not live—(hear.) After a few further remarks from the Earl of Llmtatck. The Earl of ELDON said he should be glad to know from his noble friend what it was, in law, that constituted a gentleman ? (a laugh.) The petition was then laid on the table. The Earl of 310UNTCASHEL presented a petition from Fox. ford, in the county of Mayo, praying a revision of the Ecclesiastical law of Ireland : also another against a clergyman in that county for an alleged violation of the Ecclesiastical law (we believe), which, on the motion of the Duke of RICHMOND, was rejected by the house. The Earl of MOUNTCASHEI. likewise presented a petition, but which he withdrew, there being no prayer attached to it. The noble Earl also presented a petition from the Rev. Thomas Smith, which was read at length. He stated himself to have been 17 years a clergyman of the Church of England, without obtaining prefer. ment. The petitioner went on further to state that he had no pros pect of any.—(A laugh.)—He also prayed that no nobleman's son should be permitted to receive Holy Orders. FUNDED AND UNFUNDED DENT. Lord GODERICH begged leave to preface with a few observa tions what he had to say respecting the petitions with which the house hail been occupied. At the same time he hoped that he would be forgiven for taking up the time of the house on account of the Importance of the subject at all times, but to which present circum stances attached a more than ordinary Interest. It could not be denied that the national debt wu a subject of vast importance when it was ta ken into consideration that it absorbs half the amount of all the tummy produced from taxation, and that to this pressure it has been owing that the system of taxation has been so oppressive and burdensome upon all classes. It was a subject which required peculiar attention at the present moment on account of the many erroneous opinions which unhappily were but too prevalent with regard to the national debt and its operations, and which induced people to look upon it as an intolerable nuisance, which it would be almost praheworthy to lay violent hands upon—a proceeding which he, and, he trusted, every other noble lord, would feel disposed to look upon in a very serious light. There was no part of his Mesty's speech delivered at the opening of the present Session whi ch had more forcibly at.' tracted his (Lord Ooderieh'aj attention than the last paragraph.' Public faith ought to be maintained, and any deviation from this principle the noble lord would look upon u an act of very great injustice. But the view taken by many persons respecting the public debt arises not from its actual pressure upon society, but from an erroneous opinion taken of it, which represents that nothing has been done since the termination of the late war towards its reduc tion; that it Is an act of injustice to pay in a metallic currency that which was contracted in a depreciated currency ; that the public ere. ditor alone benefited from the present state of things, and was ex empt from the injuries which were so severely visited upon every other class; that it wu impossible to go on under such a and keep faith at the same time with the public creditor. A c e: airel e as sertions are to be heard at public meetings, are set forth in the daily papers, are to be met with in various publications, and even are to be found in some of the petitions laid on the table of that house. (Hear.) But the noble lord maintained these to be enure in fact, and, with the permission of the house, he would state his reasons for so thinking: —lag As to the amount of the national debt, and that it experienced no reduction since the termination of the war; it was stated that forty millions only had been reduced. This was an error; it ought more properly to be sixty millions— But the great fallacy was the assumption that the national debt was a capital debt ; no such debt existed from the state to the public creditor. A common debt implies that, while it is competent for the debtor to relieve himself from the debt, it was equally competent for the creditor to demand principal as well as interest. But with respect to the national debt, the public creditor cannot claim the prin. cipal ; all he can demand is an annuity in the shape of interest,the only contract entered into by the government being to pay a certain annuity, terminable or otherwise. The only question then was, the pressure this charge entails upon the public; and therefore the next thing to be taken into consideration is its annual amount now, and what it was when at its highest. In taking this into considera tion be main tained that the amount of reduction was much greater than common opinion seemed disposed to allow it to be. The year in which the debt, both funded and unfunded, was highest, was in 1818. Sines that year, down to 1829, a reduction in annuities, the amount of Exchequer Bills, and interest on the funded and unfunded debt, amounted to two millions and a half. The subject would be im. perfectly understood, unless the house would take into conside ration the measure which will come into operation next year ; be meant the reduction of the Four per Cents. (Hear.) A great clamour was raised about the injustice of this measure, but he could see no injustice in it. The condition of the original five per cents. in 1822, was, that they were liable to reduction. If the govern ment used any inauenee to raise the price of stocks in order to bring about the present reduction, it would not only be unjust, but, in his opinion, betray a want of common sense, which be could not attri bute to the members of it ; therefore he was firmly persuaded that no such attempt bad been made on their part. In 1829 the saving in exchequer bills was 878,0001 This added to the saving effected by the reduction of the four per cents. and the funding of exchequer bills, would produce, even after paying the dissentients to the ma. sure, a saving equal to a reduction of MO millions of the national debt. If any one, in 1816, said that the reduction in 1890 would amount to so much, he would be looked on us visionary. The noble lord thought he had now shown that the opinion that no reduction had taken place in the national debt since the expiration of the war was an error. As to the point noticed by his noble friend on his left—namely, the injustice in paying a corrected currency that which was contracted in a depreciated une be (Lord Goderie.h) asserted that no such thing was being done. If the average depreciation be taken at 20 per cent, then the effect of this would be to add 20 per cent. to the amount of the debt ; or, in other words, it would be ne cessary to borrow 20 per cent. more than need otherwise be borrowed. The noble lord took the amount of the charge incurred during the years of the depreciation at 17 millions and a half. If Mac:sea were cared, the only proportion of this assignable to the is don was equivalent to 20 per cent. and caused an addition o three millions and a half to the amount more than it would have been had not the depreciation existed. The resalt of this is, that throe millions and a half are all that can be charged upon the debt, and, instead of thirty-three millions, it would be only twenty-nine. Now, if the reduction has since taken paler to 29 millions, no part of the debt can be ebarged upon the depreciation ; but not only has it been reduced so much, but, in fact, the reduction has been considerably more. It is, the refore, a fallacy to say than an at tempt to pay in a correct currency is impossible. It is as serted that the holders of funded property enjoy all the advantages arising hem low prices, which meat so severely on other classes._ He was no enemy to low prices. Those who sell wish naturally enough for high prices, while, on the contrary, those who buy are equally anxious to have them low. The noble lord was a friend to low priers, and did not grudge the stockholder the full benefit of them. He thought it hard to make this a ground of Complaint against them—they had their evil day, arid tradesmen had their sunshine. (Hear, hear.) All benefit from a low rate of interest, and none more se than those who are mast clamorous. Mott. e. were greatly relieved by t he hi g h prices of the Funds and the rat of interest out of them. The noble loud himself found the benefit of it, and the observation applied to landed property in ge. neraL W lib respect to the last point which he called the twenties of the boas* to, that it was impossible for the government to go on tinder the premium existing at present, and at the same time keep faith with the public maser, be would observe that if the real debt was sot lessened while the revenues were repkuly paid, there would be • national bankruptcy. But the contrary was the case—whlle the government reduced the debt at also re duced taxation, and still there was no reduction io the receipts. During the Rye years succeeding 1817, the customs' and excise sere lees than in the year 1829. In 1827, the amount ease :hat ot last year by $ smell sum. me does not prove a felling off in the revenue. Notwithstanding the difficulties we had to encoun ter. our resources are unimpaired, and we are far distant from any thing approaching • national bankruptcy. The amount of the re. ceipts last year was something less than the average of the last four; still this was no cause of alarm, net should turn, on that account, lose their fortitude. He would beteld, perhaps, that the revenue was Min off now (hear. hear) ; but it betrayed great shortedglitedness to feel alarm on account of a falling off in a smgte quarter; ft is the average which ought to be looked to. Parliament ought to reducemory unnecessary expose. The noble duke et the bead of the government had certainly applied the pruning knife. lie had • word or two to say 'tomtit% exchequer bilis, because that was a species of public security much so taf er. and to use a common phrase, of es ticklish a nature that it would not he prudent to retain so large a portion of them in the market. The present price was about 78; and be therefore thought that it would he ad visable to come to some arrangement with the bank, before the charter wee renewed, to have as many of them paid of as pos. Bible. If this were medals, he was convinced that. Is case or toy emergency, the difficulties of Government would be aggravated by having such a large amount of floating security in the market. It was not necessary for him to state the details, or enter further into the subject at present, than merely au that this sort of security ought to keep within the narrowest bounds meisible ; arid if that were riot date, very great danger might be anticipated. This danger ne r2 o l: , t arise from a variety of causes, one of which only be would . 1 a run were to be made on the savings banks. Gorertunent, in order to meet such a contingency, must issue an additional number of Exchequer • Bills, and thereby add to the already great amount in circulation. (Hear, hear.) Last year some arrangement of this kind woe made ' and he hoped it would be persevered in, because he was convin ced that such a course might be successfully adopted for the purpose of reducing the debt. This was nearly all that lie had intended to say on the sub. ject ; and he had found it necessary to make this statement, in order to remove imprtesins which were no: only unjust, but most inju rious In then cot.seritteoces. If what he had stated was correct—and he had every masugggp believe he was zocrect.—.the °sentry was not in a situation at wMch they ought be at all alarmed. nor was there any ground for those gloomy views which were entertained in some quarters, respecting the pressure of the tattonal debt, even great as it was--(hear). lie had looked at the subject not only as it r... fared to our internal prosperity, but as connected with all cue relations with the rest of the world ; because, if we were to hoht the desponding language used by certain enters and speaker., it might Ivad to serious consequences se regarded our foreign relations. Looking, however, at the question in this de. spending point of view, he was well convinced that we soul.! not, even for many years' purchase, be driven front our purpose, or be forced to give to other powers means by which they might successfully assail us olt the ground on which the country now stands. He was convinced that the influence of "England depended in a great measure on the confidence entertained by other powers of her honesty, integrity, and good faith, and that It remained with the government to place her in a situation in which she could not be MCC N.sfully assailed by any foreign power. If, however, any attempt thould be made to drive the government from that course of honour and good faith which she had so long maintained ; if any attempt should be made to derange the present system, and drive us into any thing like a breach of public faith; he was fully convinced that those who made the at tempt would be unsuccessful, and we would " laugh them to scorn." (Hear.) The Duke ot WELLINGTON said his majesty's government and the country were greatly obliged to the noble lord for the motion which be bad brought forward. and the manner be had discussed the question--(bear.) He would not, however, 'waken the argu ments of his noble friend either by commentin g on them or by re peating them to the horse. In general he concurred with the state ments of his noble friend, and he congratulated him on so distinct and so admirable a statement of the finances of the country. There was only one part In which he did nut fully concur with hint, and that was in the few remarks he had made on an equitable adjust. meat. His noble friend had admitted that the change which had taken place in the different alterations made in the cur. rency might be calculated at twenty per cent. It was certainly true that the depreciation of the currency caused an increase of .prime; but it was equally true that this increase of price was not to he attributed to the depreciation of the cu alone. There Site principle of his noble friend to which he w to allude, and that was the period at which an equitable adjustment should have taken place. That should have been made, according to his proposition, when cash payments were resumed and the Bank rc. stiletto= were moved; but he would just, in reply to that, call his noble friend's atrention to what the country had gained since that time by adhering to good faith with the public creditor. Since that period, the noble lord must be swan that the country had gained 1,900,0001. ajar, and by the measures which had been adopted that capital might be said to have been diminished to the amount of 160 minima It was only naseary to state this, in order to thew the result of good faith an d s good honesty.—(hear, hear,)_ There was another point to which he wished to say a few words—he meant the unfunded debt. His noble friend had said the amount was 26,000,0001. ; but it ought to be recollected, that of that sum there were at least 000,0001. in public works, which consequently toad not fall under that class, and could not come regularly into circulation. He might also add, that there might be great difficulty in the present state of the currency to come to such an arrangement with the Bank. respecting the unfunded debt, as that alluded to by his noble friend. He would not, however, put his opinion in com petition with that of his noble friend, but he was sure the 'dean. tages which might be the result of the measures proposed would not be thrown away on the Chancellor of the Exchequer. He would conclude by stating, that the measure for the reduction of the debt, adopted by his noble friend opposite, had been followed by the pre sent Government, and he hoped that in the same number of years there would be a similar result. Lord STANHOPE was of opinion that one great cause of the dia. tresses and difficulties of the sountry arose from the alteration which had taken place in the currency. He, therefore, could not ace what arrangement could afford relief while prices continued so low and taxation was so high. The interest of the public debt bad blamed 60 or 70 per cent. and taxation, in consequence of the rise in the value of money, had increased in a similar proportion. The COMIC of all the derangement arose from the introduction of a gold cur. rwq., which was unknown in the country till the poetise of Ile. Pale BM.. Lord BEXLEY had formed a very different opinion from that of the noble lord (Stanhope) respecting the currency of the country, and was convinced that tf any danger was to be apprehended, it would arise by attempting to recur to the system recommended by the noble lord, namely, a pow currency. The Earl of CARNA RYON said a great deal of the compact of the country wu carried on through means of a paper currency, and u much of our commercial success was owing to that, he was convinced that any contraction of that species of circa/Atkin must necessarily cramp our resources. The motion was then agreed to. Adjourned at eight o'clock. (The house meets tomorrow at ten, to bear appeals, and will ad. journ at three till Monday.) HOUSE OF COMMONS-THURSDAT. ATE ELECTION CO/ Lord PAI,MERSTON reported from the committee appointed to try the merits of the Rye election, that at the meeting of die committee that morning, a letter had been received from General King, one of the members, stating that indisposition would prevent his attendance ; upon which the committee adjourned until to. morrow. , A medical gentleman having been called to the bat, stated, In an. aver to questions from the Speaker, that Gen. King was too ill to attend the committee that day, but it was not likely that his indis position would be of long duration. On the motion of Lord PALMERSTON Geo. King was excused foe his aem-attendance on the committee that day. GLASGOW ROYALTY MILL. Mr. H. DRUM MOND brought up the report of the annulate* on the Glasgow Royalty Bill, and moved that it be agreed to. Mr. MAXWELL stated that the people of Glasgow had been induced to withdraw their opposition to the bill Oa the magistrates giving up all.the political c lau s e s of the bill, and edng them selves to the introduction in Glasgow of a paste) p oli ce measure similar to that of the right hon. maetary of stale far the home de. p srtnient. • The report was they agreed to, and the bill was ordered to be read a third tune. THAW! WITH BIZZICO. Mr. BUSEISSON auk that it had barn suggested to him that it would be desirable Ii Anal* presenting the petition from Liverpool, respecting the is to Menke and CUIM, until hie right hon. friend, the secretary of state, caaM resonsie his place in the house. The slit was oat d snob inpwtsna, that he was happy to pout ' a nkh that and weak! therefore postpone presenting ,piptition day sesalght. " Acinintar. Mr. DUNCOMIS c;eted a petition bent the manufacturers of woollen cloth at Ste It Yorkshire, plait the use of ma chinery. wassw, ap ICATULL Mr. R. PHILLIPS pc. D M Pet'dr omm t um the l a 2P 6 ed :=lli4 es the Welsh Judie:atom; the Cm. the mbar from deemed jury MI thierhaliTele. 77'7