Star. — London, England, 1810-02-15 00:00:00

MARINE INSURANCE. TM, day was published, price It. 6d. A LETTTER, addressed to WM. WILBER FORCE, Esq. one of the Representatives in Parliament for the County of York, on the subject of the proposed establish aunt of a MARINE INSURANCE COMPANY, with a Capti ve !' h ens. - By ANDREW FREEPORT, Esq. Lamm : Printed for J. M. Richardsoe, Na SS, Oseahill, op mite the RoyalExclaage. PROCEIDrNGS.. HOUSE OF COMMONS, FEB. 14. Upon the motion of Mr. CALCRAFT, a message was er degt.l to be sent to the Lords, requesting that LordOardnet shed* hake leave le attend as a witness, to be exansined4n the Coin itittee of Inquiry relative to the Walther= Expedition; and am that Sir Richard Strachan and Lord Paget should be ordered to atteAd the said Committee. Mr. WHITBREAD said, that from certain procoadinp which he understood to be going forward, be thought it proper to give this Orly notice, that if, in the financial arrangements for the year. it was intended by the First Lord of the Thasary to propose tit; eontinuance of a Lottery, he would oppose such a measure most strenuously. SindThe 10,000,000 Exchequer Bills BM was read a second time, ordered to be committed. The Officers indemnity Qualificatien Bill was brought in, read a Ant, and ordered to be read a second time to morrow. An Account of the Exchequer Bills outstanding for the last year was ordered to be laid before the House. Mr. PARNELL expressed a wish to know what was the rate of interest intended to be granted upon the Exchequer Bills to be issued for the current year. Mr. WHARTON answered, that that rate had not yet been settled upon. An. Account was ordered, upon the motion of Mr. WHAR TON, of the Surplus of the War Taxes, above the 19 millions voted for 1809. Ordered, on the motion of Mr. PARNELL, that an Account should be laid before the House of the quantity of Corn and Flour imported into Great Britain from any foreign country, from the th of October last, to the latest period at which the same could be made out. The House in a Committee watt through the Prince of Wales's Building Lease Bill, and the Report was ordered to be brought up to-morrow. Mr. HOME SUMNER obtained have to bring in a Bill for building some new Docks at Rotherhithe. A person from the Army Medical Board presented at the bar Copies of certain Letters from Mr. Moore to that Board. Or dered to lie on the table. The Committees of Supply and of Ways and Means were post- a second time, and commit- the Reports, and several Do to the improvement of certain . estminster-hall, were referred to Committee, which was ordered to House, relative to the pm- Promissory Notes and Licences; the :notion of Mr. JOHN- gave notice of s motion for to receiving Reports upon Private REFORM. ice of s motion for Monday, with King's Proctor was saki to have him to undertake the ma / his Majesty's N4vy ; also for trial, charges, and condemns. it produce, te. all tending to the Ac:mirlity Court upon this production of copies of cer to Sir Richard Strachan, at a u his Right Hon. Friend (the absent, the motion should be poned till Friday. The Windsor Forest Bill was read a 'ted for to-morrow. Upon the motion of Mr. ROSE, th cumetits before the House, relative to streets, &c. in the vicinity of Westmi *the consideration of a Select Commit report from time to time. The last returns presented to the duce of the Stamp Duty upon Pros were ordered to be printed, upon t STONE. Mr. HENRY THORNTON gave morrow, to enlarge the tune for rece Bills. NAVAL RE Lord COCHRANE gave notice of vespect to the order which the King to authorize, or rather compelling nigetisent of all Prizes captured by I: certain documents relating to the tri tion of Prises, the sharing of their shew the coursed proceeding in the subject. Mr. cA,LeRArr moved for the tain papers, sent by AdmiraLOtway particular period. Mr. ROSE expressed a wish that Chancellor of the Exchequer) was ab postponed.` Mr. CALCRAPT acquiesced. DISTILLATION Mr. ROSE brought in a l tion from Corn in Great Brita including a clause to empowe advice of his Council to su whenever it should be deemed This Bill was read a first ti the second time to-morrow, Sir JOHNNEWPORT ra such precipitancy upon a mew which required a degree of c< must feel it inconvenient to row or Friday, from the imi stood for both these days. Mr. ROSE had no objectic but to this Sir Thomas Turtoi important business was fixed he wished, that farther time .the consideration of this measi *that the more it was considere would be reconciled to the prc Mr. FOSTER begged Gen the act which the measure meant to continue, would expi and that, therefore, there was ;recommended. Sir JOHN NEWPORT s pretention, that the delay of ward this measure in due tim a reason for the hurry propost • Mr. CALCRAFT followe asked' why, if a measure of t pressing upon Ministers, they ble the Parliament ? Mr. PARNELL thought levied to afford the_people of of examining the Merits of tt their representatives upon the Mr. O'HARA concurred i On the motion of Ur. RO vas fixesi for Friday. MA RINI INSUI On the motion of Mr. M., incorporating the Landon at surante Companies, were erg pourable Member rose, punt forward a motion upon the to the House with respect ti dishing a new Company for The Honourable Member t;nri WAS signed by three-four ble individuals among the and traders of London ; anc that leave should be given t should, from the nature of increased facilities for mane the amount of its capital, it I securities for their property. who formed three-fourths of London, seemed not to be worthy motives, referring •tl .4 Q alp insitution of any unji was persuaded, be sdrnitte Equ4inted with their genera 'ION BILL. Bill to prohibit Distilla itain, for a limited time ; , wer his Majesty, with the :spend that prohibition, .d so advisable. :ime. On a Motion for rose and protested against isure of such importance, :onsideration, the House , give to it either to-mor important business which objection to fix on Monday ; Turton objected, as some very for that day. Besides, should be allowed for measure, satisfied as he was, Isidered, the more the country propriety of its adoption. Gentlemen to consider, that measure under discussion was .zpire on the sth of March; was_not time for the delay strongly deprecated the ,; Ministers to bring for time should be assigned as pro Posed. followed in die same strain, and . this importance were so they did not sooner assem- that time she l be al- Ireland an opportunity this Bill, and instructing the subject. concurred in this opinion. - ROSE, the second reading INSURANCES. MANNING, the acts for and Royal Etchange As entered as read. The Ho pursuant to notice, to bring the petition lately presented to the propriety of esta- Marine Insurances. observed, that this Peti three-fourths of the most respecta merchants, ship-owners, and all they required was, ' to form a society, whic h of its construction, afford' mane insurances, while, from it should furnish additional That these petitioners, the mercantile body of be influenced by any un to private advantages, or just monopoly, would, he acted by every candid. limn *eneyal Oat-agcy. In fact, the and imports, ls existing Companies in _ circumstances of the individuals writing, the Honourable Member argued, Ilneasure he proposed was obviously necessary. In fict the London Assurance, and the Royal Exchange CbMpanies, did not within the last year insure more than one-fourth of the sum insured by individuals from Scotland alone. And as to the security which individual Underwriters afforded, he quoted the in stance of one merchant, who upon the peace of Amiens had to submit to the loss of no less than one third of £16,000, which he had so insured, in conse quence of the insolvency of such individuals. But as to the fair claim of these individuals, his proposed plan would not interrupt them. The amount of an nual insurances being about 120 millions, there would notwithstanding the establishment of the new Com pany, be quite sufficient business, not only for the existing Companies, but for the body of individual Underwriters. After expressing the desire of the pe titioners for fair open competition alone, the Hon. Member dilated upon the amount of their capital, their general respectability, and the natural tendency which an Institution composed of iuch men, and pro curing such security, must naturally have to induce the return to those insurances to England,which were now executed in the East Indies, in America, and even in Barbadoes, the Companies which owed their being to the want of that which the Petitioners pro posed to establish. The Honourable Member also observed upon the advantage that would result to the revenue, calculated to produce that return, and con cluded with moving for the appointment of a Select Committee to consider the Acts which had been read, and also to inquire into the state of the means for ef fecting Marine Insurances in Great Britain. After a few words from Mr. GRENFELL, who was inaudible in the gallery , Mr. MARRYAT expressed his disapprobation not only of the object of the Honourable mover, but of the course which he proposed to pursue. The case, from its peculiar nature, ought, in his judgment tote referred rather to an open than to a Select Commit tee, as was the case with regard to an application from the Globe Insurance Company, in 1806. That Company required a similar indulgence to that re. quired by the present petitioners, but the result fof the inquiries before the Committee was the refusal of! their request, because, from the evidence examined! before the Committee, it appeared that no additional i facilities of Marine Insurance were necessary, and surely that House never would, without the strongest' proof of necessity, consent to the establishment of any , monopoly. But the failure he had referred to; seem ed to have no effect upon the present petitioners, for whom the Honourable Member came forward;cer tainly with a bad grace. For it ill became the Di-, rector of a chartered company to become an advo cate for those who proposed the violation of chartered • rights. The Honourable mover could not by such a proceeding, hope to entitle himself to the thanks of the Bank of England, For in this instance it was proposed to invade the charters of the established in surance companies. If, however, that alone were his object, if he desired to abolish those charters altoge ther, he (Mr. Marryat) would be ready to support him ; but the measure proposed was calculated to produce infinite evil—to damp the spirit,—to inter fere with the exertion of individual industry, and this was the more to be deprecated, as the progress of that! industry rendered such a proposition wholly unnecea-1 sary. It was a fact, that although in. the year 1771 there were only 79 Underwriters, the subscribers to that room were now no less than 1500. , Thus the means of effecting insurances had increased in fully adequate proportion to the increase of our trade, and he ridiculed the idea, that in Lloyd's Coffee House the most ample security for any amount of property : was not to be found. But there was also among is-j dividuals a spirit of enterprize favourable to the in terests of the trade. Individual Underwriters were ready to insure that with which companies would have no connection, because the former were more' enterprizing, and also better informed. No company could be enabled to inquire so minutely into the na ture of risks as 1500 individuals. If it were not for individuals, what would have become of the increase of our shipping in the Baltic some time since, when the companies refused to insure against capture in the enemy'i ports—what indeed must become of our shipping in various cases, which may be easily ima gined in the present perilous state of Europe ? As to the. companies established in the East Indies, in Bar - badoes, and America— the insurances effected by such companies could not by any expedient be brought to England. For in point of fact, the pro perty insured in the East and West Indies being for the most part to be conveyed by mere coasting, or l from island to island, the voyages would have con cluded before instructions for insurance could have retched England. And as to America; it was known that the Americans were engaged in a traffic invol ving enemy's property, with which out Underwriters could not legally meddle. Therefore the notion of augmenting the quantity of insurance in this country from the sources alluded to, was quite chimerical.— As to the amount of the capital of which the peti tioners boasted, namely five millions, he felt confident that he could find fifty men at Lloyd's to advance the same sum with promptitude and ease, leaving the . other 1450 untouched. The idea,Aterefore, that these petitioners could afford additional means of ze..l curity was quite preposterous. He wan. aware that they consisted of, perhaps, three-fourths of the mer cantile body of London ; but that in his mind, for med a strong objection to their demand. For if the merchants were the insurers at the trying periods of 1794, 97, and 99, when our trade - suffered so much by war and capture, what_ would have .become of 'TiIE EVENING STAR. LONDON. , by conshinatiOns .chants wished to bewail/ their OWII. underwriters —to become principal where they were only autho rised to be agents, and to do that as a 'body which the law would not allow them to do as individuals. — The Honourable Membersreeapitulated his objections to the proposed plan, and repeating the. words of Lord Coke, that no monopoly ought to be allowed. but where the necessity was argent and the utility evident. He animadierted in strong terms upon die proposers of this monopoly, whom it dl became to terfere ,with the industry of individuals, having all of them accumulated, their fortunes by individual indus try. He concluded with expressing a wish for full inquiry, persuaded that it must serve to produce st result favourable to his opinion, but he was decidedly adverse to the mode of inquiry proposed by &hut Committee, which he felt to be so objectionable that he was - determined to take the sense of the Hottiit upon the motioq. 1 Mr. BARING contrasted the assertion of the gut Speaker, that the capital of the petitioners Wks com paratively insignificant, with the approhersics that the employment,of that capital would nun' the trade of underwriting. As to the necessity Which nulled for the proposed installment* he tbaragbt drat wow sky sufficiently proved . by chi 'lathiest itself, whirls was from three-fourths of the merclinuns of London; which was, in fact, approved . 1 by every . -nseretable house of which he bad any biros/ledge. With regard to monopolies; he was no advocate for thernoior was the petition. For himself, he would not, that be would rather that the business of underwriting should be thrown completely open—that any "Tracy of men, should be at liberty to engage in it e 4ts to bank ing, or any other speculating wooers. Rut the ab surdity of the lawiar it stoodorardisrOurwernsen could combine to subscribe the samtperScf• Thu 4 that security was reduced, which it W 24 the object of, commerce to seek by insurance. It was to obtain that security the petition before the House was presented. The observation of the last Speaker was fd csobtectly correct, that there was no scarcity of un at Lloyd's, that in fact they were sufficiently nume rous. But the complaint of merchants was, that they too often got a number of names with little or no security; and besides, several of these underwri ters were followed . by a certain class -of lawyer% eagerly looking for flaws in Policies, or materials ice litigation, and too often more teasing to the =robin than even a total loss. . On these grounds the Hon. Member felt himself urged to. vote for the motion s and from the course of precedents he would rathef refer the subject of it to the consideration tif a Select Committee. Mr. ADAM said, that the question before the House was whether the petition in consideration should be referred to an open Committee 0r,,10,4 sg t . lect one ? He was of opinion, that the most jos& cial mode of proceeding would bell* refer it in the first instance to a Select C.ommittee. He was ;forti fied in that opinion by the analogous proceeding in the case of private bills, which were generally referred to the consideration of Select Committees. He thought roe, that a Select Committee was better calculated to consult the interest of all the parties concerned, whether the Gentlemen at Lloyd's, the two insurinee,, companies, or the publicat large. Besides, hesenlinvl 1 ded Gentlemen, that the adoption of the SeleetCom mittee in the first instance did not necessarily pre clude them from subsequent proceedings in the open Committee, and that they might afterwards enter, into the most enlarged and public discussion upon the merits of the question. Under these circumstances he expressed a hope that there would be no opposition to going into the Committee. The gallery was then cleated for a division, when there appeared on the question for going into a Select Committee—Ayes 20—Noes 7. The above numbers not being sufficient to constitute a House, it of course adjourned. A . -BATED " Viseu, )angry 14,181 Q " The bead-quarters of the British Army in this enrol lengthestatdished at this pbce. Lord Wstramorom hasjud.4 it most expedient for the protection of Portugal to provide ati: 2 , k blow from the Freokb in-the Northern part of Spain, as n ot appeared to him to be the most vulnerable point, at least n ig point most likely to be iusaikd. The army has sacrificed mush to its rad and inactivity since active operations have ce4 Nexini has ust r en d m o re from sickness, in consequence of 0e; long stay in the quarters we have occupied. Wherever wc, l ave baked there we remained on the spot to vegitate as it were. Iv, commenced olt entriemants fecinsate‘louth-eastern froorfer s ' o f t Portugal, about six weeks ago, marching towards Coimbra s a d this porsisee, and we did not. I assure you, march a day too soc k WI scarcely left a Use sheep or fowl liehind us. In short, k e , SIX and sickness compelled us to change our position, for this united efforts proved irresistible. Tho advance of the British army has pushed forward as as Satsuma. It consists of a force scarcely amounting to gm elective uses. Ths mom occupies the district of Thomar, under Linte r siskossital Rik, who has taken post at Abrantd, along d i bob of the Tagus. far *36.1 °Per& matT3 11110111010* bottle Port t ewer wee deli lON 010 at BctsiA PAR T Gqlerah tlig 41 1/1‘ s liiff. St P S ere presume to WA del etee litEaisissh, bawl 0 hskiimiradrawn across an imam If* fiqoaanny, abed' ise^danwellsted, and as!nacty pei4 ne a t * ** 1414. e ai r t o b e die !! giatil • morelt•OasiVeigial,WlP-PiltileliPirM the froldiess of saliki Mar. tiny alrelk,begisawappeadis • • • si Postopessetterna - Wee nade pretty pod proileib 7 diodi t ilpit Mite they wilt staid Shea ft eases to the iseioij that ail the ti!Ole antieseene, the British have bees * tin& then, le net thrown- 'ant augeolltably: P army is diaptised in two' isas:olll6 first is drawn oat f 4 des orlatittjudif,•Wbbe use 041;e:! " *tbste aim the sea coast is ; rear Hitherto the • thingiine have had nothirg to do, I, we bate beet:without a ensfert. We have last more ollensal D t theis yeti nre aver of. We exiledt dteinforeement ofle,lll meg, tart 'Oewhom to land at Figner!, for the facfillyifje* lag. kle visa:wood datg4s-esea ettitiers tem* * snob tiait4rinfa, at transmits k to &Agit is'aiiiegi tout,':ur a the British tbe peeitala:m* all the Pateguest i ttoosii 4he are in the : ify, of " lan • . . c6 . 114AR, JANUARAC ph es The following it >< atatemast of the English creeps that he lifo . l)Wrota.eleife. . Two or three - cif *regiments lOW tin 4i Oct* Only ow day. A parq of artillery sderibli4 - 10 Wheteeitivesi IS the .25sh. o December two 11411=1011 °Vieth ! ads 11100 suoig, with ilium of fin guns, ad a b Saes; on * *oth two registent4.o4 700 strong, of the C tans Legion I on the *7th wes/ other minuets of the 14 es the SS* Owswal CSIMMUIrIi belkade; consisting of throe s meats of Highlands,* each 1000 wrong, Came in; a did natal descAtrd's division on the *following day, consisting d Sid regiment, of 900 men, ansl Arstb s -ct the essee foes. the 90tly All the Ibo►e regiments had thi them. Oa the St st, came in 120 Hanowil itolll2ll. On the lit of January, the sth regiment of 650 nu 48th of SOO men, and 120 Hanoverian hussars. On the 21, 2 Hanoverian hussars. On the Sd, the 40th regiment of 650 m and 97th of 400 men. N The same day, arrived Lord Wellington and an immense to gage train. On the 4th, arrived Marshal Beresford akh I Staff, and a/so the miltary chest of the English. On the sth, t 5.1 d regiment, of 400 men,lltb and 7th of the same force. the Bth Lord Wellington and Marshal Beresford went to exafl the position of the bridge of MOrceDa, four leagues boxes el the Alva. On the 10th arrived the 27th regiment of sfom The same day Lord Wellington net oil for Viten, ands* the 11 Marshal Beresford for Oporto. The bead quarters of the Si lieh army are at Vines and the bulk of the troops are quutel in and about that place. The light troops under General Ca furd are at Nebel and Cebria, and the sgeralrf at Agar' 3 she environs. " The regiment of cavalry which was at Lisbon, has come Tomes Novas; and, it is said, there are sir English regbDecti fortifying; and 10 ~ THURSDAY, FEBRUARY 15. warsotsiand rots at SaroaL Abrantas is . PRICE OF STOCKS THIS DAY AT ONE O'CLOCK. peasants are emPliged in digging ream/ the works' . - 6715. a lord Wellington and Marshal lie:atoll are highly 9 per Cent. Cons for sods Reduced 6711-omnium i pre money, 671 m I—act. .—Excheci. Ms Ss. •dia. tis. pm, with the Porenguete troops ; and have complimmte d thou, ill' most flattering terms, on their military appearance and db ol l lB PRICE OF STOCKS YESTERDAY. sank Stock India Stock 185 i -. 'These troops remain in their fanner position; and all et them 3 per Cent. Red. 68 673 . i India leads 10e. 61. Ts prim --..—..—.... bid& 8 1 11111 e 3 per Cent. Cons. 675fff , Imp. 3 per Got. 46i .. _ . ........ . . _ 4 per Cent. 8944 Imp. Ann. 7 3.lBths A report prevailed yesterday afternoon, that Seig 5 per C. Navy 99.1 94 Fassiteq. El% as k pre. is. ells.. Long Ann. 18 7-16th S -16 tbst coon. for ace. 87t4t • was in . the ion of the French, and that the hs government of Spain had fallen to pieces ; the M el We stated yesterday the arrival of the CAROLINE i 'bers of the Junta having made preparations to al lee frigate at Plymouth, in nine weeks from the Cape o f i the country. We regret to find , front Spanish Good Hope. The arrival of this vessel has given i 'Portuguese Papers received this morning, to the 4 1 rise to rumours of another insurrection in the East , and 1 inst. that there is but too _much reason to believe the Ceylon has been named as the place. We believe there ; reports to be well-founded. The French have at 12 is no truth in this report, but we are apprehensive there ; penetrated through the Sierra Morena, and theSpaei has been some alarm of the kind in another quarter. ; armies are represented asconcentrating to co verSerl We understand that the CAROLINE has brought hone,, It requires but little foresight to anticipate thereat' is iratu,aMr. MICHAEL KELLY, who held a situation i the military operations which have by this time tab in the Victualling Department at the .Cape, and who ' place. The Spanish and Portuguese Papers P is implicated with other persons, two of whom were i us, as usual, with flattering pictures of the prep"' , executed at the Cape, for raising troops, and other' Lions made to repel the enemy, but the farce is ode! high crimes against the Government. Mr. KILLT, i the hopes of the Patriots are extinguished , an_ ~.cl ti having some impartant information to communicate curtain drops with the following article from Sevu s Government, Mahan sent horse reme Central Junta has infor med due P d for that purpose, SEVILLE, 'AMA ° ti _:expects to obtain his pardon. He is at present • The Sup . confined in a strong cell, in Plymouth Clink, double- Be, that the enemy has forced the Pass of Ma gid; ironed, and strongly gUarded. He is a native of Dub. ' and that the division charged with the defence old IbUdyert resPectable ennseetiene, and endow e d with ' po i nt, finding itself too weak to withs tand the vi rat pentghil accoMplishalentf, 1 tow attack of aa stow ready suptriee ia for* PORTUGAL. ex. ' s O t f 3 1 : 0 ettli tO th- 1 . interest of comnrecCitiarls( the country eallht4 Ot'llheWkiffriWte ; and he put tl :.., ....., The fol‘ 1" w from Portugal af ou l the measure to wilicittheir P e tition appliet , - TheptteVlWW that solidithich ~. .. jug eumen —........ unicatices were ntatif Objebtioni urged agaiist that m `,l' sad al ete . on. But i face ** 'that '.l t haipiplas 'With he thought it would bed waste of thteu *of , ordieriiicmers were acceded_ tove . • .. WWI& some particulars respecting the British A rmy the House to make any reply. the argumeW iiid , *drab would suffer for their b4mtiA sic • without tiny bedet dountry, w i h ne ic d h taorederaieuthder the e ter f es ron tin t in that precedents for such a measure wetc numerous 8 1 ""and advantage to the commerce of dettonarry, bot:the 'to illustrate this assertion, the Hon. .. . .. • contrary. He would, however, put it seriously to the . tg a several extracts from Anderson ' s H ••• -- • - House, whether considering the gretxtanee of our '•• - •' •': ''' .''- ' ' - ' " ' 42it'ett, t h . merce. From the increased amount of , • : • .:4 ideal piosposity—whether retoltecting that it light brigade under General CRAUFURD is p aste d in and imports, from the very limited insurances • ibet . l valliag from the activity and enterprise of individual Aabetirikiht e g vi t os t= l3 32: fro e m et _ o ild loticia , existing Companies in London, and from the known _ eite/tlon, they would now allow' that mdividiiil exit: and Ciudad Rodrigo ate protected this th's neovem elt circumstances of the individuals concerned in uncler- Lion to be seiper- ceded by nionopobling combination, . „ . writing. the Honeurable Member argued, that the The view of these combinations was obvious. The =lsm'? 01 A LETTER FROM A /Miami orrecEi t a. prtivrrr: a r..--h a •rpn sit book of tie Tras. - • Tilos Too see we bays MMWeI oor means as far wears oiroarootabiod acme **permit, You, in Ea w o rs t o p e os e lswoolosir ,ins notions of our plans and dons In *hi iosentry, tryinunael mid measures without sodtstollit ours Moho ore! O bottle of Port than eve them ? Yet at these periods It appeared, from the to Coverm evidence of two of the principal -brokers, Ware ! the and expect Committee, upon the petition of the Globe Insurance , con fi nt .d Company, that neither bad .a single insolvent Under. i roned, and writer upon his list. Here then were oesi.trfiliSth would have torn np these chartered companAilly d te lin, of very roots, although they took not a leaf fro, tbt MO of great rtrX I J I