The Statesman. — London, England, 1819-03-11 00:00:00

Mr. Pitt has ever done, In, found In have shared irrevly in the torpitede of the affair. He was accord ngly ',veiled the fleets of C• 1111410111, and committed to the Tower. Ih. Secretary Ctaggs and his father were proved as greet delingettnts, though they died halite they anderwent the censer, of the Houses the Commons, nevertheless, resolved that Mr. Craggs, son. lin a motoring, rcomplice with Robert Knight, Trimmer's to the South Sea Cr' moony, and its I)iree tots, in carryiag ea their modeles' and freeduleut Practices, they applied his estate to the relief of the unhappy sufferers by the scheme. Tke estates of the I)irortors were also confiscated to the same psrpese. On she enquiries of the Committee It appeared that the whole capital stock of the Company at the end of oho year 1740, amounted to 37,800,0001.; that the atork allotted to all the proprietors did not eared 21.0(X),0001. and that the remaining capital stock 'talented to the Company lo their corporate capacity, heing the profit arising from this laiqeitees stock-jobbing scheme. [To be continued AMERICAN INTRLLIGENCE. In t►e last New York Papers is contained a speech of Mr. Clay s which we greatly secret we cannot lay Lei. ►s ea► readers 211011 length. It breathes so go. noise a lore of liberty, and so just a jealousy's( the growth of rnititiry power, that we earnestly recess intend the conclusion, wllch is all our space will admit us to insert, to their attention:— ' He would not trespass much longer upon the , „.• time of the Committee; bat he trusted he should be l - alndolged with some few reflections upon the danger of petteitting the conduct, on which it had been his painful duty to animadvert, lopeµ without a solemn expression of disapprobation of this Huse; Baal to your recollection', said he, the free mations which have goes before its. Where are they mow, end bow have they lost their liberties? if we could snowed ourselves back to ages Wife Greece sod Rome Noe tithed in their greatest prosperity, and, mingling is the throng, ask a Grecian if he did not fear some daring military Chieftain, covered with glorNsease Philip or Alexauder, would use day overthrew Ms liberties? No! no! the confideet sod indignant Grecian would reclaim, we have eothieg to feu him our heroes; our liberties will be eternal. If a Roman citizen bad been asked, if he did not fear the Conqueror of Gaul might establish a threes' upon the ruins of the public liberty, he would have I instantly repelled the enjest insinuation. Yet Greece had fallen : Cieur had passed the itubicon, and the patriotic a, my of Breton could not preserve the Ober ties of his event ry ! The celebrated Madame de Stall, in her last and perhaps best work, has said, that I in the very year, almost the very month, when the President of the Directory declared that Monarchy would never more stow its frightful head in France, llooaparte, with his grenadiers, entered the Palace - of St. Cloud, sod dispersing with the bayonet the De puties of the People, deliberating on the affairs of the I State, laid the (Dandelion of that vast fabric of des-, potism which overshadowed ail Europe. He hoped I lint to be misunderstood ; he was far from intimating L that General Jackseo cherished any designs inimical to the liberties of the coentry. Ha believed his is. tentless pore and patriotic. lie thanked God that he would not, bet he thanked him still mere the( he could not, if he would, overturn the Liberties of the Itepublic. Bet precedents, if bad, were fraught with the most dangerous consequences. Mats has been described, by some of those who have treated of his swore, as a bundle of habits. The definitinn was much truer whets applied to Governments. Prece dents were their habits. There was one important difference between the formation of habits by an in& vides% and by Governments. He contracts it only after frequent repetition. A single instance fives the habit and determines the directions of G menu. Against the alarming doctrine of unlimited discretion in ear military Commanders, when applied even to prisoners of war, he most enter his protest. It began open them; it would end on us. lie hoped that oar happy form of Government was destined to be perpe tual ; bet if it were to be preserved, it most be by the practice of virtu*, by justice, by moderation, by wag. naniasity, by greatness of soot, by keeping a watchful and steady eve on the Executive : and, abort all, by halite' to a strict accosetability the military branch of the public force. " We are fighting, said Mr. C., a great moral battle, for the benefit, not only of our country, bet of all mankind. The eyes of the whole world are in lived attention upon us. One, sod the largest, portion of it is geeing with contempt, with jeelensy, •1111 with envy ; the other portion with hope, with confidence, and with affection. Every where the black cloud of legitimacy is suspended over the world, save only one bright spot, which breaks oat from the political hemisphere of the West, to brighten and animate, and gladden the human heart. Ob scare that by the downfall of Liberty here, end all ntsekind are enshrouded in one universal darkness. To you, Mr. Chairman, belongs the high privilege of transmitting, unimpaired to posterity, the fair cha racter sod the liberty of our country. Do you ex pect to execute this high trust by trampling, or sof tering to be trampled down, law, justice, the Con stitution, and the rights of other People ?—by ex hibiting esamples of inhumanity, and cruelty, end ambition ? —When the minions of Despotism heard, in Europe, of the seizure of Pensecola, how did they chuckle, and chide the admirers of our institutions, tauntingly pointing Cr. the decimators. dons of a spirit of injustice and aggrandizement made by our country, in the mid., of amicable topic's. ties. Behold, said they, the conduct of those who ere constantly reproaching Nines. Yoe saw how these admirers were astoooded and hang their beads. You saw, ton, when that illestiiers man who presides over as adopted his pacific, mode rate, and jest cootie, how they once more lifted up their heedsorith exultation and delight beaming in their countenances. Aod you saw bow those 'MMus them selves were finally compelled to unite in the /merit praises bestowed upon oar Government. Beware how you forfeit this exalted character. Beware how yes give a fatal unction, in this infant period of tier Republic, scarcely yet two score years old, to mili tary loubordination. Remember that Greece had her Alexander, Rome hie CUM r, England her Cum well, France her itenepute, and that, if we 'mild THE STATESMAN escape the reek, en wild they split, we must ■void their sifters. " Hew different has been the treatment of Gees. rat Jackson, and that modest bet heroic yam* men, I native of one of the smallest States is the Going, w►o achieved for his country, on Lake Erie, env of the most glorious victories of t►e late war. In • moment of passion ►e forgot himself, and offered an set of violence, which was repented as soon as per. panted. Ile was tried, and suffered the judgment pronounced by his peers. Public justice was thought net even then to besati%fied. The Press and Congress look op the subject. My lion. Friend from Virginia (Mr. Johnson), the faithful and consisten, sentinel of the law and the Constitution, dapproved, io that hiatuses, as be does in this, sod moved an enquiry. The public mind remained agitated and unappeased seal the recent atonement, so honourably made, by the gallant Commodore. And was there to be a distinction between the officers of the two breeches of the public service? Are farmer services, ►owever, eminent, to protect from even acquiring into mat misconduct ? Is there to be no limit, so prodeetial bounds to the national gratified.' He was not dis posed to censure the President, for not ordain a Court of Enquiry, or a General Court. Martial— . impelled by • sense of that gratitude, be de termined, by anticipation, to •:tend to the Gam' that pardon which be had the undoubted right to grunt after sentesee. Let es, said Mr. C. not shrink fres our duty. Let us assert our constitutional powers, and vindicate tl..histrement from military violation. " He hoped Gentlemen would deliberately survey that awful position ea which wo stand. They may beer down all opposition ; they may •tee vote the General the Public Tanks; they may carry him trionspbietly fhreueh this Hoes*. But if they go, lo my humble judgment it will be a triumph of the prin. triple of insoberdiustioe—a triemph et the military over the civil authority—a triumph over the powers of this Hosse—a triumph over the Constitution of the land. And he preyed most devoutly to Heaven, that it might not prove, in its ultimate effects end consequences, a triumph ewer the Liberties of the People." (ream Tug AOSIOIA OP ►s.l. 4•) " I miderstasd that the scree of this stock of the Beck of the United States, as calculated epos by the Directors cod Speculators, was 173 per share. If it had rise° to this enormous price, all the knowing I ones, by agreement, were to sell out, in which case 101 l the sufferers woeld have been widows and orphans and honest mod industrious men ; as it has turned oot, Weevil has chiefly fallen on the evil doers them selves. For this blessing we mar, and I do return Ithanks to 11 ; thanks to Brutus, who, as an instrument in the hentis of an Almighty Power, cue- I tioned long since the good and inner:mit, the upright guardian and trustee, from percbasios this stock— crested to to defraud a free People, to latter epicures, I to create sinecures for particular Moods of the Bober. ; setion.—Tbe Worts in Baltimore are only in esti cipation of those that ere to take place here; for it is I impossible f.r the large stock-holders and stock.job. hers to pay up their stock-notes : they are only lin igering out a miserable existence by their endeavoars L to hold out. Eves the cashier, who, it is said, has ; pledged some of his precious stock in England, will have to share the fate of his fellow cashier in Haiti ! meta Whet, the Royalists in England see the Re. port of the Committee on the Bank, how it will shake their coafideuce, how it will loosen their created by an attorney, mid hew sees will they be eager to get the mosey advaaced, by selling the stock et any price it will command in the English market. I write this for the impose of do. Wring basest folks from WOGg the stock of this market, at any price : it is the reduction of cor reptios. " 1 am a. maw as Benin Ir t" [MOO TON flaw YOUR IMMO) POST Oa res. 3.] " Hrs. Park, Lama Weed. *A Jas. 1819. ss Sia,—The state of England is et this time a matter of greet interest to all commercial people here, end especially each as have debts or credits in England. The facts are these—ea the 61h and 7th of December, the Juries at the Old Bailey Sessions, in spite of the decided reatemitraeces of she Judges, refused, to four succeeding instances, to coneid for uttering forged Dank of Engtend Notes. The Beak, upon this, withdrew the other Indictments. Lad thus is that famous outlet of paper money without any protection against forgery. The parties arraign. led and so acquitted had sold large quntities of notes at a low rate; and the country began to be stocked with this sort of paper money. The Courier of the Sth December exclaims, • thus is this great Corpo ration set of the protection of the law,' which is I very tree. " My letters to the 11th of December anticipated a speedy blowing op of the whole thing ; and iodised it is difficult to see how that is to be avoided. At any rate, here are very interesting facts for all those who have pecuniary concerns with England. I, for my part, would not give a York sispenee for a leo pound Dank of Englund note! " I em, Sir, you most obedient and most hem. , Me Servant, (34: 214 ) " WILLIAM COSBLIT." may be concerned, a few farther observation ' wilds may induce the undecided ft) beware 44 enter. rug upon so hazardous an adventere. By so doing, we are rendering a service end a kindness to these who are ignorant of the danger and responsibility they incur ; and if, after this warning, they will rash late the danger, they have only their own gambling disposition, or fool.hardy rashness to blame. la the first place, it is rather against the antici pated advantage of the enterprise, that an @pyrites. lion to the French Ship-owners failed, through the interference of the French Government. It is well ascertaioed, that the Merchants of Boucles's' had I formed a (mitred with the Agent of Spa's for that supply of transports, which is now sought for in the port of London, sod that they were obliged to annul that contract by their own Government; which must base seeded in this case from a regard, either to the commercial security of its subjects, or to the honour. able maintenance of its own neutrality ; evincing on the former supposition, its belief, that his Most Ca- tholic Majesty, could not, or would not fulfil the stipulations of his engagements; or showing on the latter, its opinion, that by assisting hies with skips for the cooveyance of his troops, it was, in fact, dreier * war against his enemies. The F:nglish Govern. sent, acting on a different commercial code, inter pose no obstacles in the first instead*, to any use or obese which its Merchants may chose to make of their property, esrept in the single instance of shim engaged in the flare Trade; bet laying down the rules en which they maystpect or renounce puttee , flea. *Rows them to pursue their adventures for their own interest, and et their seri peril. Now let es see, in the secood• place . , what are the pro:sable advantages which our Ship.owners may be expected to reap, and what are the r)sLs to which they 'apse their countrymen, by sending their ves sets to join the Cadiz expedition. It reseal be unknown to any persona in the least acquainted with the subject, that the Amore, of Spain are in a situation to offer no great security to those who are simple enough to rely upon her engage. ments. She has become bankrupt both iu money end credit, and all the resources which she has at her dis• passel, though brought to the hammer to-morrow, would afford bet a Hien dividend on the debts she has incurred, or the lawful claims which she most admit. The long delay of the projected expedition, arising entirely from the want of funds for its equipment, the starving condition of her troops and civil nts, and the state of the vales reales, are sufficient proof* of her inability to fulfil the oueroes conditions of any new contract, without a manifest breech of her old engagements. And do the shifts to which she bas resorted of late, evince any of that spirit in her nit wit Government, on which one can rely for pay. meat, even though she bad the means ? The money given by this country, in satisfaction of the claims of her ••• subjects, whose ves sels were unlawfully captured by our cruis ers, employed in executing the Abolition Law, was transferred to Russia, by an arbitrary mandate of the King, in payment for the inefficient squadron, now in the harbour of Cadis ; and the claimants were thus defrauded of their jest rights. The same injustice was attempted et Paris, with regard to the liquidated claims of the Spanish subjects on France ; the Coen of Madrid sending an order to the Spanish Conant, to whom the funds, In satisfaction of them were entrusted, to place them at its disposal, for the minify of the contracts for transports, then entered into at Boordeses, bat afterwards annulled. Perhaps these latter funds are now held out as the' tempting security to the British ship.owner and if so, we would ask, is it likely that a itar‘y, which begins its operations with such a manifest sioirtids of justice, will fulfil its engagements with go. faith? However adventageocs the tate of freight may appear to be, is any thing beyond what is to be paid in advance likely to be paid at all ? May not a . Government se needy as Spain find a thousand sub. teasers and flaws in the contract, in which it may resist its complete felfilment ; especially If it sees the Espedition fail, and finds that all the previous ex ponces have been incurred in vain? Besides, as Spain will not engage to make gond any loss in case of copier,, the ignorance meet be so high as very mach to redoes the advantage of the rate of freight, while it shows the gambling spirit with which that high height is offered. Bet, supposing, for a moment, that the credit of Spain was as good as it is kouw• to be the coo trary—supposisig that her resource+ were undoubted, end that every real promised would be punctually paid at the stipulated time, there are risks and dangers connected with the 'sedition of the contract, that ought to deter them from the undertaking. Let them for a moment consider what they are doing. They are sending net their vessels from British ports, sad beyond British protection, and placing them at the disposal of Spain, to become part of an hostile armament, against a People with whom we are at peace, bet with whom Spain is et war. When they are arrived at Cadiz, they are no leery under the British flag ; they are hired by his Catholic Me. jest, ; they receive on board his Majesty's tromps; they set sail ender convoy of his Catanlic Majesty's fleet. The planks of the ship, sad the composition of the crews may be British ; bet they divest them. selves for a time of that character, and become to all ideate and purposes, Spanish and Belligerent. In short, they cease entirely to be neutral, and become as hostile es the troops they y, or the fleet, of which they form a part. Whatever &retrace of opinion may exist, as to the kind of store., or qua. lity nf mews, that neutrals may carry for the use r of one Belligerent, without forfeiting their chewier of neutrality towards the other. Troops, surely, never were a species of cargo which they could be allowed to carry ; nor could the transports of one Bellige rent, be ever considered as neutral by the other, from whatever quarter those transports were nbisined. The character of the vessels, therefore, which ere taken op in this port by the Spanish Agent, to make part of the Cadiz expedition, is not that of ries. trality towards the South Americans, Lut that of hostility; and if met by an Independent squadron, while carrying Spanish troops, either in the high sea, or when about to pour them on the American shore, they may be captured in the same manner as if they belonged to his Catholic Majesty.— The chance of their being so captured, before they can reach the River Plate, or in that River, d if that be the destination of the espeditien, is my great, slice it is well known that the Inde pendent Governments of Barnes Ayres end Chili possess a more powerful squadron than Spain can bring against them; and If a voyage round Cope Horn, in order to laud the troops its Peru, or CMS. be the object of the Spaniards, their hazard is infi nitely Increased, from the great number of lade pendeut striates stationed "Nog the cows, and the Impossibility of keeping together a large number of ships In passing Cape Hem Nor is the risk of capture the most formidable evil which they have to encounter. The Spaniih Governmeet, with in. paralleled folly and inconsigtency, at the very time that it is remoiting over Europe for the • ' &ere of neutrals, and endearnering to charter their vessels to convey its troops, is multiplying the dangers to which the crews of these vessels ate exposed, by Its own sanguinary Decrees against those who shall be fouled lending • "ocular assistance to l Ake Independents. Artist Catholic Majesty, in a document published iu this country, with as oaten. cation which ought to have been reserved for a better cause, has denounced the penishonent of death 'egotist all thine •Ite jniu the ranks of the Independent,. sir lend open aid to their cause. Will nut such a Decree, if eseceted in any one isomer... /sm o k e retaliation on the past of the Independents; and what, in case of capture, is then to become of lbw Captains end cress of British vessels making part of a Spanish expediting against them ? Why, ac cording to the rule laid down by his Catholic Ms. jetty, they may all be hung tap c t the yard arm!— , Though the Patriot Authorities would not probably wish coolly to execute such severity on British sub jects, taken in the tanks and pry of the Spaniard., as the Spanish Decree threatens to British sub jects aiding the r the Patriots, still la ha is to check the rage of the cruiser., exasperated by the example of their enemies, and justified by • goalie eery Ordiesuce of their own Government? Bet it may be supposed that the British Government would interfere to prevent arch egresses, and to punish such cruelties practised on its subjevis. It would be RCM, than folly to expose the tiro of men on such a presumption, even though there was& strong probability of interference ; hat the least con sideration &ilt convince any reasonable person, that no presumption of tlejkind exists. That 13rbislt G.. ',foment has declared its neutrality, and prohibited its subjects from engaging with either of this Belli gerents. If they en•rr into the service of either, they therefore contravene its orders, and deptivethemseltes of its protection. After chase weighty considerations addr•rsed to the love of gain, and the strong instinct of self-presents. !ion, such persons, upon the score of humanity and liberty, ought to reflect that they are lending their aid to pour hostile armies on the shores of a friendly and unetrending People—they are prolonging the horrors of civil war—they are endeavouring to murder nation al independence--they are inflicting deep wounds on the Commerce and Trade of their own Country, for the chance of a precarious gain. —Such an eddressas this would have no weight with men olio merely look at immediate advents'', and who, in sending their vessels to join the Csdis Expedition, evinces spirit of inordinate speculation, that *veld charter them to a Slave Trader, if they did net capes. themselves to daßrPr. tW SUMAS - TH Nsa4 Mock per tem. KIM. 3 peetew. 711 .3* /K Lamb for .4ce. 744 4 pc Ora: 1411 . 1/ ONE O'CLOLK. 6 prr Cast. Nary 145 e lade 14. Ads 33 34 Lung me. hxrnequer Bilk 4 ! lit. VII at TR STATKSMA.N. LO. DU N TM/131MA Y. IA 11, 1819. ins creation of so many new Peers by the King of Fe txcc is the subject of conversation all ever that kingdom, end no doubt of torprise throegiteet the whole Continent. Whether as to the nature of the act itself, or to the names of the persons Ass en nobled, the proceeding is of a new and wouderfut rank. It is not possible to say at this time, what main r o urged Louts XVIII. to take the step, which, viewed is say light, is fraught with portentous matter ; but it Its certain that since the moment It was first resolved on, the names of Mousteus, the Doke D'AmoouLtass, and Doke am BERRI are uo mere spoken of than if they had ceased to eaiet. It is said in the City, that the Minister has " reckoned without his host," in respect to the <it millions of balances in the bands of the Bank. 'lltat matter may, however, and must M soon made clear; it is only " goiog to book," which i 111 pet all doubts at rest._ The comical of Sir It. flnownetoo la likely to undergo a public lovestigation: we trust it will be fully javtified; bet the behaviour of the Corollas and Prn-Conssis lo the distant provinces of the Ro man Republic, give the first emend to that most powerful of States. - - --- SPANISH 4.116111C4. DRITIRIT SHIPPINO F.NGAGLI) AS TRANSPORTS . In a former STATESMAN the Public was warned against a dancer, which even the common escilement to ironic might easily enough incur, at a moment too when foreign commerce is slack. Wri observed that there were Spanish Agents in London, whose busi ness was peculiarly to engage British vessels as transports fir the conveyance of troops, in the SO lone talked of expedition from Old Spain (Cadiz) to South America. This information hes beer proved correct ; fur not only base moo vessels been char fermi for that object, bet actostly insured. New, though nothing could be further from our views than to discourage any advantageous end honest able employment of our shipping, or of the capital of oar A:orchersts, either in the service of Spain or any other nation—especially at tits time wises we ere threatened wirb • temporary stagnation of trade, and some emburassment in our cos ' mercial transactions; yet, as the public Wad has I not been enlightened on the subject by the astral discussion of it in the Jourtr•:s, we wish to lay before that portion of our Waders who THE FUNDS. We have more Men once mentioned the influence the of of France bad over the minds of many of oar politicians. When we resider what effect was produced in England loftily 'ears ago by rke great events of that near campy, we need not •under it is so. The genies of France k about to unroll some new decrees from the hidden pages of it. volume re:at:re-to her filters fate awl . Our 'Pr, roods are allotted more octets by the occurrences theta , . NV.- are sore that the agitated condition of the breach Cs' ioet has tended to lower our Stocks for sums time. Yesterday, however, t h ey varied but little. Gsn•rn I Bat ou Nemo mod the unfortunate Gell.fla W HITE:LOCK married two sisteri. the Mines f•reti (i.l:‘‘ I, of the Wer•offi(e), hy whom they obtliited both e3-nry sod itettetf. ~I 1 M