Star. — London, England, 1822-02-19 00:00:00

T 'I!1 ~ ray It had been said, that the landlord, if he had high rents during the war, had also a high rate of ex rosse" but the stockholder had suffered a great by the alteration of the currency. Mr. MANNING said, that the Bank Directors bad anxiously anticipated the wishes of the Legislature, by issuing a great quantity of gold coin before the time required. In July, 1819, the amount of Bank notes in circulation was twenty-nine millions and a half; and in January last, there was but eighteen millions. Mr. SY KES wished to bring back the House to the true question, namelyZwirether the Agricultural Com mittee was to be revived? For his own part, he had no hopes in the revival of that Committee, and there fore he should vote against it. If twenty Gentlemen spent the summer of 1821, in bringing forward a de lusive and contradictory report, what hopes could he have that they would not again mystify the ques tion ? He was surprised that any man could feel sa tisfaction in Ministers having said they had a sur plus of five millions over the expenditure. Was not that the case in 1818 ? and by this time it was to have been eight mullions; but the Chancellor of the Exchequer could not realize that, and he feared the Noble Marquis's plan would have like success. Such was the distress of tire country that no feeling man would entertain any party prejudices on this ques tion ; and he thought it absolutely necessary for the saving of the country, that there should be a surplus of revenue over the expenditure, let them call it Sink ing Fund, or what they would. His opinion was, that the agricultural distresses were founded on a su perabundance of production, for which a few years he was convinced would work a remedy: Meanwhile it was absolutely necessary that this suffering class should have immediate relief. His hopes, however, were damped, when he learned that it was only proposed to take off a tax to the amount of Is. per bushel on malt. N 1 hat good were they to operate by an issue of four millions of paper ? It seemed to be the most absurd scheme that ever entered the head of any man, more especially of one who called himself a statesman ! If the money could not be repaid, the land must be burdened with it. Besides, it would expose every Country Gentleman in England under the Law of Ex tents in Aid. That would be to seize on his person and property. These were the remedies which the Noble Marquis had proposed for the sufferings of the coun try. This was the miserable plan of the Noble Mar quis, instead of a repeal of the Soap, Candles, Leather, and Salt Taxes, to the amount of five or six millions. It had been fully shewn, that the Ministers might have reduced the expenditure of the country very greatly, instead of their keeping it up to more than three times the amount of that of 1793. He could not tell how the N.,ble Marquis was so fond of the Army, until he heard that Minister say, that a stand ing army was necessary in time of peace, to maintain oar internal civil liberty. He had heard that our li berties were to be maintained by the freedom of the press and the purity of the administration of justice; but never till now had lie heard a Briton of any kind make so monstrous a proposition. He hoped they would, before the end of the Session, come down with estimates greatly reduced from what they now were. Mr. PEEL defended the Act that passed by his name, though it was more popular when it was en acted than it now was. At that time there was no other alternative, and, as they then stood, the real interests of the country were well considered by it. The House was not to judge of its operation by Ehe effect which it had had upon the agricultural in terests (though he confessed they were most im portant), but to look at its effects on the general com munity. He asked them to look at the effect it had on the manufacturing interest, the population of which, from the low rate of wages, was then in a state of agitation and ferment. The Committee itself had attributed the distress of the manufacturing po pulation at that time to the low rate of wages. Out of the forty counties of England, twenty-three paid more Poor-rates than ever they had dune before. Th is was the year before the adoption of that measure. The revenue, the manufactures, and agriculture, were tc be affected by it, and be ruined; but when he found that the first two flourished since its adoption, he had no right to assume that the agricultural distress was occasioned by it. He found that all the counties in England, except Northumberland, had experienced a reduction in the Poor-rates ; and when he knew that that county was least of all under the pressure of agricultural distress, he had a right to say, that the measure in question had not produced that distress. It was well known that a small excess in the production of corn would have a much greater effect in the corn-market than in any other. This was not the case with luxuries, for an excess of them only placed them more at the command of the generality of persons. The effect was, that the in. creased demand made up for diminution of the price ; but the consumption of the necessaries of life, such as corn, could not be greatly extended; it was more fixed. Neither could he shut his eyes to the consequences resulting from such an enormous importation of Irish corn into England. Still this was of advantage to Efgland, for Ireland carried back her manufactures in return. He was convinced that the proposed relief in time would become complete and perfect. It was impossible that the distress was occasioned by a pro spect of returning to metallic currency. In his opi nion it arose from the failure of the Country Banks. It therefore became at that time the question, whether they ought to allow such an opportunity to escape, to return to a metallic currency ? If they had let it slip, his opinion was, that such an opportunity could not have been expected to return so perfectly again. He therefore remained completely satisfied with the suc cess of that measure. Still he preferred Mr. Ricardo's plan, rather than the hasty return to a general metal lic currency, as the Bank did. Still it was adopted by the consent of Parliament, to diminish the forgery of Bank-notes. If, however, they should find it inju rious, they might relieve it ; but on the whole he was satisfied that the plan was the most productive of ad vantage of any that could have been devised. Mr. ELLICE thought-that there was no necessity for another Corn Committee, because if the restric tion on its importation, intended to be proposed by the Noble Lord, did not bear too hard on the con sumer, it should have his consent. He contended, that the depreciation of the currency had ceased since the restoration of cash payments. The Hon. Gentle man contended, that the operation of the resumption of cash payments had an effect on the country gene sally by reducing the quantity of she circulating me. • Trx• "•wfr"?' ~._ . -.~ _~~.. dim. Not only was the issue of Bank of England notes decreased, but it had the effect aloof reducing the country banks' circulation from about £11,000,000. 1 to 5e6,800,000. This reduction of circulating medium, he contended, must have an effect on all contracts. The country bank paper, which, in 1818, was nearly £12,000,000, was, as he had before'stated, reduced nearly oue half in 1819; but in 1820 it underwent a still greater reduction ; for in that year no more than £3,500,000 of country bank notes were stam pt. Surely the Right Hon. Gentleman could not contend that such a change as this would not affect the internal commerce and trade of the country. The effect which this measure had produced was to be per ceived in the state of every gentleman of landed pro perty in the kingdom. The Hon. Gentleman then proceeded to argue on the proposed plan of boriow ing £4,000,000 of the Bank, and expressed his reluct ance to it. He was always sorry to see the Noble Lord and the Bank dealing together, for the Bank generally got the advantage of the Public. He looked forward to such negotiations with fear and trembling ; he dreaded to what it might lead ; it was not impossible that it might lead to a return to a paper circulation. The Public were already depend-' ent on the Bank for paying the dividends. The Con solidated Fund was at least £9,000,000 in arrear, and the Bank might stop the machine at any time. He did not mean to say this was probable, but it was possible. The Noble Lord had, on a former night, talked of looking into futurity, and had said we could go on for five years ; but how could the Noble Lord undertake to say we should not, long before that time, be at war. It was well known that the probability was, a war would shortly break out be tween Turkey and Russia. Ministers might say what they pleased on that subject, but such was the opinion of-the Public out of doors ; and, in that case, what would be our situation? From these and other reasons, he was most anxious to relieve the agricul tural distresses, that the country might be enabled to meet the difficulties we might have to encounter; and he would conclude by repeating what he had said on setting out, namely, that any plan which had eco nomy for its basis, or was calculated to relieve the grower, without imposing too heavy a burthen on the consumer, should have his support. Mr. HUSKISSON defended the Report of the last Agricultural Committee, of which he had been charged with being the author ; but he entirely dis claimed taking a credit which did not belong to him, and to avoid such a charge in future, he should beg to decline being a Member of the Committee about to be appointed. The Hon. Member proceeded to repeat the arguments urged by him in favour of ad vancing the four millions. He supported the plan proposed as the only means of getting such a sum into circulation. If it could be done in any other way; if the Bank could do it by discounts, he should prefer that course, as the whole would then be under their more immediate controul. - - - Mr. RICARDO, Mr. WODEHOUSE, and Mr. HUSKIS- , sox, mutually explained. Sir JOHN NEWPORT deprecated its being held out, as it had been out of Parliament, and rather in vidiously, that this was a pure and absolute boon to Ireland: it was only part and parcel of the Act of Union, or at least carrying into effect the provisions of that Act. It must not, however, be left out of view, that the situation of Ireland was very peculiar. With regard to the order of reference, he recom mended strongly that the objects to which the Com mittee was to direct its attention should be specifically defined: they would otherwise, probably, travel into matters not at present in the contemplation of the House, and would protract the Report beyond the period when it might reauortably be expected. He much doubted, whether it would not have been bet ter for Ministers to have brought down their measures at once, without waiting for the deliberations of the Committee. The Marquis of LONDONDERRY agreed, that it might become desirable to restrict the subject of inquiry to those practical points he had in con templation : at the same time, if this were necessary, it might be done afterwards, when any Member could come to the House to prevent the Committee from wandering into too wide a field of inquiry and discussion. All the Members would be fully apprised of the objects in view ; and, as to the nature, extent, and operation of the distress, he apprehended that it would not be necessary to go further than the former Committee had done. The state of the foreign mar kets, however, was a part of the great subject not yet sufficiently investigated ; and he hoped that to this the Committee now appointed would proceed without delay, so that very early after the holidays some practical measure might be founded upon its Report. He by no means concurred with the Right Hon. Bart. that Ministers ought first to have brought down the measures they proposed : no useful dispatch could thus have been gained, and a Committee was a va luable assistant in such an inquiry. It would not be found that the Executive Government was disposed to protract the examination or the discussion. , The question was then put from the Chair, and the Committee was re-appointed. The names of the Mem bers were the following: Mr. Gooch, the bfarquis of Londonderry, Mr. Frederick Robinson, Lord Viscount Althorpe, Mr. Bankes, Mr. Brougham, Mr. Iluskisson, Sir Edward KnatchbuU, Mr. Stuart Wortley, Mr. Baring, Sir Henry Parnell, Mr. Wodehouse, Mr. Western, Mr. Holine Sumner, Mr. Eastcourt, Mr. Sturges Bourne, Mr. 'Fremayne, Sir William" Rowley, Mr. Caithorpe, Mr. Hunter Blair, Mr. Irving, Sir Thomas Lethbridge, Mr. Littleton, Mr. Alderman Bridges, Mr. Nicolson Calvert, Mr. Ricardo, Mr. Curwen, Mr. Denis Drumm. Mr. iIUME asked, whether more Memben, representing manufacturing places or districts, ought not to be appointed? The Marquis of LONDONDERRY replied, that the names of the Committee were precisely those of last year.—Adjourned at Ha lf-past Twelve. FROM THE CHARLESTON PAPERS—JAN. 19. Norse or RtranurTATlvEs. Mr. Woomas submitted the following Resolution for con sideration s • " Resolved by the Senate and House of Representatives of the United States of America, in Congress assembled, that the following amendment to the Constitution of the United States be proposed to the Legislatures of the several States, which, when ratified by the Legislatures of three-fourths of the , States, shall be valid as a part of the said Constitution : " No person shall be eligible to the office of President of the United States, from and after the 4th day of March, 1826, who shall or may have held or exercised any other office of honour, profit, or trust, under the Government of the United States, or any of its departments, at any time within the four years next preceding his Untie' s, or unle.s he shall have attained to the age of forty-five years." This Resolution was ordered to be one day on the table. • 4. I • ;.. . • • ' •.41Is '"'"A - TUE EA 'E NIN ( STAR. , 4 - LONI)ON• • ZII AY, FEBRUARY 19, 1922. • STOCK EXCHA NGE, ONE O'CLOCK. The Navy 3 per Cents. opened this morning lit 104, and Consols at 78f. Much business has been doing, and almost all • I descriptions of Securities Continue m the rise, except the' 5 per Cents. and the 4 per Cents. The former Stock has fallen one-half per Cent. and (03j is the present price. India Bonds also hurtle fallen a trifle, from the report that it was intended to reds& the interest. Consols are 78j and 791 j for the April Account,' —Foreign Securities also are in considerable demand. Colum- 1 bian Bonds have again attracted the attention of all parties by al further rise of 12 per cent. Thew Bonds bare been sold at 96 11 to 96, this morning, from a rumour that it is intended so pay the interest. Danish Bonds have risen nearly one per cent.be to 841. CURRRNT PRICES: Bank Stock 248 247 1 ,E 3 per Cent. Reduced 79% % % 3 per Cent. Consols 78% SA N I SA 91, per Cent. 90 3 / 8 3 / 8 %-4 per Ct. 98% 3 5 per Cent. 104 1038/8 3 / 4 Bank Long Annuities 20 IA 9.16 India Stock 246—India Bonds 665. Gls. 645. Exchequer Bills of £3,000. 3s. 4s. pre. par 2s. pr. Ditto small ss. 7s. pre. par 4s. pre. Consols tot Acct. 78% 3 / 4 ys The French Papers of Saturday last arrived this forenoon. The Chamber of Deputies had, on the preceding day, still been occupied with the de bate on the Press, the discussion on which not being terminated was adjourned to the next day. M. CORAY I a Greek savant, in a letter to the Edi tor of the Constitutionnel, acknowledges the receipt of 500 francs, which two Ladies had anonymously transmitted to him, for the assistance of his unfortu nate compatriots. A considerable number of Greek families are now living at Marseilles. The females excite much curio sity, on account of their Lacedemonian costume. Letters from Palermo, up to the 22d ult. speak, obscurely, of a plot which is said to have been formed for opening the prisons to all who had been con demned for political and other offences, and renewing the events of last year. Many arrests are said to have taken place. The Austrian Observer, of the 7th inst. in its news from Constantinople, states that the Turkish Govern ment appeared to abandon the Peloponnesus to its fate. They laboured night and day in the arsenal to get an armament ready to decide the fate of the Pe ninsula. The account adds, that discord among the , Greeks increased ; that all wished to command, and none to obey. An article from Kischenow, in Bessarabia, dated the Bth nit. says—" The Russian army is concentrat ing more and more in this province. All the military movements which have taken place this month, indi cate that we shall soon see hostilities commence. It is impossible to imagine the ardour with which the troops, from the private to the superior officer, are animated. All are impatient to free the Pruth. The atrocities and insults committed by the Turks on the Cht istians of the Greek Church, which is that of the Russians, are considered as if committed against themselves. Independent of the Russian troops, there are about ten thousand Greeks here, who, in the event of war, are promised to be formed into a Greek phalanx." This article notices the conjectures in certain jour nals on the acceptance of the Russian ultimatum by the Porte, adding—m Supposing that the conditions' of the ultimatum were accepted by the Divan, what advantage would result from it for the assured o'aintenance of peace? It would not advance the question of peace, for the Greeks would remain free to continue the war, provoked by the excesses which the Turks would continue to commit. These excesses then render war inevitable. It is necessary to resist force by force, and hostilities could never be more advantageously commenced." French Funds, Feb. l.s.—Five per Cents. 90f. This morning we received a Dutch Mail, bring ing Papers to the 17th instant. Their contents are contradictory. A Brussels Paper says—" Letters from St. Peters burgh affirm that the Emperor Alexander has signi fied to the Diplomatic Body his dissatisfaction with answer given by the Divan to his whin:alum War was thought in the capital to be inevitable, and it was supposed that hostilities would commence in the' course of the following month." Such is the account' in the Brussels Paper; while an article from the says—" Accounts from• St. Petersburgb, of the 22d January, say that the commercial relations with Constantinople are entirely re-established." ' Au article from Frankfort states, that important discoveries have been made relative to the conspiracy recently discovered at Belfort. The plan, it is said, was to get possession of all the fortresses in Alsace, l and from them to make a grand military movement in the interior of the kingdom I Litters were received this morning from Batavia. dated the middle of November, hich state. that the cholera morbus had committed great ravages among the Captains of vessels—more particularly those be. longing to America. Within a lew days six Captains of American vessels kad been carried off by this dreadful malady. Lady SorutA HIA v TIMM% has left town foe Ham House, the seat of the Countess of Dysart., and will proceed from thence to Brighton. The Sunderland Theatre was broken into during the night of Saturday last, and at) volututa of plays, among other articles, stolen therrout. p.. - . , i THE ARMY. •••••••• The Ist Battalion of the 3d Regiment tia' Gourds who c v , not been it London for these eighteen months, and are Dow Chatham, are to rtmovs from thence, as a Battalion of Lifit Infantry, on Saturcny next, and relieve the 2d Battalion of d ie same Re7iment, now doing the Tower duty, and who ate to leave on Monday next, for the Barracks in the Kings Mew s . Friday, seven companies of the 41st Regiment marched fr o% Edinburgh Castle, embarked at Leith, and tilled in th e evening for Chatham, where they are to remain a short time Previous t o their embarkation for India. The remalukts three enr o p m k., , whisk are stationed at Fort George, are to be shipp e d f rom thence for Chatham. NAVAL INTELLIGENCE. Ills Majesty's ships Hverason and GLASGOW h ave arrived at the Cap* of Goog Hope, from England ; the former on the 7.oth of November, and the latter on the 7th of December. The Eliza Ann, of HIM, Itmtar, from Berwick to bred" sailed from Barbra' on the 30th of November ; and the in:. dustry, Wawa, sailed from Hug on the same day, and have not since been beard of. The Bicllan, CA auras, bead to Charkston, put back to Cri. brakar on the 2Stb nit. leaky. The Noytnedaht, Mumma. from Ghent to Bayonne, ran on shore on the 13th inst. of Dunkirk, and sunk neat morning in deep water. The Forest, of Swansea, Bawling, laden with copper ore, struck on the Rundle Scone, an the 9th instant, and sunk. Crew saved. The James, Game, from TAverpool to Glasgow, was 100 7 driven on shore near Barran Point, but expected to be got off, after discharging. The Moffatt, °Lomax, from Bengal, &e. ran on shore on Saturday evening, about two miles below the Black Tail, rear Whitstable, but was expected to have been get off yesterday. The Compagnon, SNEED, from Gottenburgh to London, was lost near the former place, on the 25th ult. Pxratorro, Fits. 17.-Wind S.—Arrived off the port the Mary, Duaw, from Gibraltar for Havre. Sailed the CIL— IM/ID cutter, on a cruise. PORTSMOUTH, Ft11.18.-.-WiDd &W.-Arrived the Esther, JOHN sox, front St. Michael's; and his Majesty's ship PHA ETON * front Plymouth. Sailed the Briton, CHAMPION, for London ; and Assiduous, Woon, for Bristol. COWL , Fri. 18.—Arrived the Voltaire, &erre, from Batavia. Doris, Frs. 18.—The Echo, Pourer, from Rotterdam kr Newry, hove on shore near the harbour, during a thick fug, at two o'clock this morning, but was got off without damage; she had cut from her stream and slipped a chain cable, but they have been recovered, and landed here. DEAL, FEZ. l S. W.— Arrived and sailed for the River, the Ardent, Bova, from Belfast; Castlereagh, ‘'inan, in wventy-five days, from Jamaica; Lively, Myriam., front New Providence ; and Johanna, from Seville. Also arrived the Mar shal Wellington, from Shields for New Tork ; and Resolution, Satire, from ditto for Gibraltar. Came down from the and remain, the Tobago, WErrsioaaireo, for Demerara; and Cecrops, LANGDON, for amaica. HARWICH, Fri. 18.—Arrived the Prince of Orange packet, with a Mail from Holland. Sailed the Leicester packet, with a Mail for Holland. WATERTORD, Far. 16.—The Nearchus, Rosa, from Jamaica, has put in here, with loss of sails and spars. Cargo shifted and damaged, and makes water. She has been nearly 11 weeks at sea, and the crew are much exhausted. A - silvan—At Rio Janeiro, the Iflagante, --, from Oporto. At Oporto, Animo Gunde, —, from Rio Janeiro. At the Havasnah, Minerva, Shackell, from Amsterdam. At New castle, Alfred, Grills, from Hamburg!). At Alicant, Marken, Bruden, from London. At Gibraltar, John Eschlen, from Belfast ; Brilliant, Sampson, from London ; Nimes, Gibbs, Am Liverpool; Esther, Dotter*, from .lonte Video; she?. herd, Storer, from New York ; and the Alexander, Dc:arrue, from Rio. At Cadii. Dart, from Newfoundland ; Providence, from Yarmouth; and Friends, from Waterford. At Guernsey, Reward, Sims, from Rio Janeiro. SPORTING IN7ELLIGENCE. BETTING AT TATTER iALL'S, FEBRUARY Ift. IT. 14 to 1 agst Bro. to Antonio (taken) 16 to 1 agst Stamford 20 to 1 agst Cecilia colt 15 to 2 apt Sycorax sto 1 apt Aquilina • 17 to 2 apt Whalebone. 13 to 1 apt Plover lot to 1 apt Landscape 4 to 1 apt l'astille S to 1 apt Rosalind 7 to 1 apt Cat (taken) 8 to 1 apt Juliet 10 to 1 apt Tippitywitchet ST. LI 'ECM. to 1 apt Marion (taken) 19 to 1 apt Newbyth 21 to 2 asst Swap (taken) 20 to 1 agst Louisa colt 21 to 2 apt Ajax 20 to I apt Dupore 17 to 1 apt %uphrosyne 22 to I apt Mr. Wortley's e. 18 to 1 apt Sycorax (Caken) 2.5 to 1 apt Akarius (taktu) HUNTING. The Earl of Derby's Stag-bounds meet on Thursday, at Larg ley Bottom ; Saturday, at Potter's-lane-end. ?Jr. Jollifit's Fox-hounds on Thursday, at Brockham. The Surrey Fox-hounds on Thursday, at Limpsfield ; Satur day, at Godstone. The Harriers meet every day. The Fast Sussex Fox-hounds, Thursday, at Patchans; Satt.r. day, at Laughton Gate. Mr. Chaworth's Hounds, Thursday, at Brampton Wood; Saturday, at Sywell Wood. The Duke of Grafton's Hounds, to-morrow, at Green's Nor ton ; Friday, at Nash Common. The (boil:Won Hounds, to-morrow, at Kibworth Kennel; Friday, at Rolleston ; Saturday, at hledbourne. The Em a Darlington's Fox-butidc, Wednesday, at Hilton Village; Friday, at Streatlam Wood; Saturday, at Keverstone gate. The Lambton Fox-hounds, Thursday, at Great Stainton ; Saturday, at Whin Houses. Mr. Osbaldeston's Fox-hounds, Wednesday, at Enthorpe Wood; Saturday, at North Core. _ _ _ _ The Roxby and Cleveland Fox-hounds, Friday,atleathaci. The Northumberland Hounds, Friday, at Wallington. Sir M. M. Sykes's Fox-hounds, Wednesday, at Welham; Fri day, at Garraby. The York City Harriers, Thursday, at Osbaldwick. The York and Ainsty Fox-hounds, Friday, at StrenshalL The Iloroughbridge Harriers, Friday, at Cundall. The Hatisrshire Hunt, Tuesday, at Matterly Gate; Thurs day, on Northington Down; Saturday, on Medstead Breen. Hambkdun Hounds, Friday, at I'urbrook Park. Mr. Chute's Ilounds, Thursday, t.-t Freefolk. Mr. Shard's Hounds, Friday, at Howles. Sir Lucius Curtis 's lounds meet at Chilbolton, on Thursday. SHOOTING. William Miller, gamekeeper to Matthew Russell, Esq. of Branccpcth Castle, lately shot a bare through the heart with a ball, while running at a distance of 100 yards. COCKING. The annual main was fought on the Bth inst. at the Thu Ilrud Inn, New FiAl.•ourue, by the Gentlemen on the hortkr: Ses sex and Ilampshire„ Neal and Cox, feeders: the former wun the twin, and was also a-head in the byes. PEDESTR lAN ISM. James Mom., the Suffolk Pedestrian, who ran 30 miles iu eight hours on the '.22d January, undertook, a few days since, the arduous task of running 72 miles within twelve hours. He started at halflast six o'clock, and at eight had run 13 miles; at 12 minutes after nine o'clgck, 20 miles; at eleven 7.t) miles; at 15 minutes before two he finished 30 miles, and slim : 3: IS minutes before four, 60 miles ; at two minutes before six odoek, 7:: miles, taking 3744 turns, and finished his task of 7:: miles la hours 28 minutes, Including time for refresluuent. In the county of Kerry ten men, chargc.l wi:lt being printipals in the piesent disturbances in Ire land, have been arrested and lodged in gaol. They are all men of a c•lass far above those usually f0ur...1 implicated in the miserable delusion which now per vades the country. '1 hey were in easy circum,tanct , s, and holders of large farms. Some of them :tre know n to possess incomes of from £lOO. to L'2oo. per an:.una. LONDON Prizatd and published by Ltvri. K 62.7, Ficica placr, Tea:ph:4lw. I i r K 1.1