The Statesman. — London, England, 1818-04-10 00:00:00

bleh as.foltr Wits rd'toect Je.thtilireliott of the Rigtt,liion..Pentiesoitt (Mr, Tierney) as to any other plane btr?eribla , ham is new, he weld ampere him, that the actitrearef Stock Debentures, which bad made so much noise, had maser been tootenitilabod by him at all flelied hen addressed by an individual who suggested smith a scheme as a profitable kind of fifisiing secalty ; hot he theogirt-that the Isms of Esrtiequer Bills *mild answer geoirally the purposes of Stock Debentures. Another plan .bad been sop gested by a Mr. Western of issuing paper on deposit stock ; but this be considered its an improper and in secure species ofeerrency, and liable to affect the poor. Mr. GRENFELL said, that with respect to Mr. Newland's statement regarding the - Price of gold, he could not have meant the market price; but the Bank imported a certain quantity of gold at t h at time from Hanibergh, from the house of Elias's, what cost tise 13ank upwards of four guineas: The Resolution was the. carried, Nil' leave glvOo to bring in a Bill to continue the Act for tbe Re striction of Cesh-payments for a time to be limited. As also a Bill to enable the Bankers of England and Ireland 16 issee promissory notes upon deposit, stock, or other Government security. Mr. J. P. GRANT asked some questions across the table respecting the time when the former Bill sbeekt be breoght in, and was tintlerstiod to wish' tbst it Weald not be earlier (halt Monday. The'CHANCELLOR of the EXCHEQUER was understood to have consented that the Bill should sot be brought in till Monday nest. Mr. GRENFELL asked for some explanation as to the terms on which the securities of country Bankers were to be deposited. The CHANCELLOR of the EXCHEQUER mid, that it was intended that half-a-crown per cent. should be paid on the original deposit, and Is. per cent. per annum.during its continuance. Adjourieee -.I !•7,Tht O'Clock. PRICK OF STOCKS THIS DAY AT ONE OLOCK. ANA Stock Me IS& I per Cent Sart _IOW per Coo. Ned. 791.04 India Heide 94 MI p S per Cent. Comb *Weil --- Steck My Con,to, fur Are. POlii Loam Ann. 94 9-16 4 per Cent. 97ii • Kichequer Bilk 19 20 p .1. THE STATESMAN. LONDON: ' siugiAre *nut. 10,'1115. Of all the systems devised for the purpose of en slaving mankind, none more effectually contribute to this end than that of money. Of all the Wren. lions so happily hit on for supplying the semblance of wealth when the substance is departed, nothing can equal the system of " blest Paper Credit," which has "lent Cerrugtion wings to fly," and enable/ it to triumph user the better Intimate of the People of this country, and of Europe, so long. " Blessed for ever," said Sancho Panza, " be the man who in vented sleeping." And " decked with everlasting rags," the Ministers of England and their Mends the Bank Proprietors may exclaim, " be the statue of the man who first discovered the art of converting 'en old shirt into a million of Bank-notes:" The Philosopher's Stone, were it comeatable, would be lumber, cnmpared to this glorious discovery. Go. vernments have long felt the genial influence of this national blessing, and now almost every apprentice who can write, and has a knack at imitation, ac knowledge, the aopetiority of the system by which he can rise to eminence, without the hard labour nasally attending the acquisition of hard cash.—Se. riously, however (for this matter sometimes comes to be a serious concern), we are fully sensible that banking establishments are highly beneficial In a country like ours, with an extensive Paternal and in ternal commerce, by affording facility in making remittances, and In transmitting large sums from one part of the country to another, and in making temporary loans, for the purchase of produce, where large capitals are locked op in materials of trade s or vested its foreign commerce; but 'aperient* has un fortunately shown, that the Banking System has lot been,- in all instances, eqoally beneficial. Like medi cine, when judiciously administered to the physical body, it removes obstructions, Increases the circula tion of its Maids, end invigorates the whole system, bet when administered by enskilfol, hands, too pro fusely, predates morbid affections and paralisestvery nerve : so banking establishments, when increased, as they already bare been, to a great patent in this toantiy, and indissolubly tenanted as they have become with an improvident Government, counteract entirely all the beneficial effects expected from them; sad instead of facilitating the accomelatioa of wealth, bare become the causes of general ruin, sod the in. 'transients of ooprincipled power, which has by each means been enabled to draw almost every individual into a responsibility for its measure', and dispose of the real property of the patio') at its plea- sure. Examples of the evils of this system are too notorious to need any Riustration frorn us. All who are engaged in this currency manufacture pro fess to have the piblic good solely in view, but in too seen, instances their conduct has shown that they soon become blind to all other interests boat their own. But the Government Bank, and the expedients of Government to bolster op their system of paper cir culation, are what the Public have most to do with, and are most imperiously called upon to examine.— 'to preserve the credit of the great instrument, the Beek atagtand, every thing else most be sacrificed. The estraordinary intrease of forgeries nes the Na tional Sink, which sufficieotiy indicate the little at• .1••4;vrik.:•:IN - 644 ilsis7;res uli pseetiss , Silts tkArassigirst is. iteutions, haul. natttrilly had theta** bf milking the roblic timid in rotteieleg the se M! totes of the Bank )if Englund,. and coasequeially of. lessening ad, iircolatioe. To remedy this iweehienleece the I bsurd and injurious expedient seems to be designed ilftbrowing such obstacles is the . way, of Ismael from other Banks, as shall diminish the number of their 000 'notes, and compel Otis Public to receive. the notes of the Bank - of Englaild. This will all*, it M no doubt surmised, eccasies se inertoned Woe of Iselin from Thyeedneedle-street, likewise the other pert of the CHANCULLOIL of the Excar. area's Plan, the contiguous, of she Restriction on Mesh payinents. 'f he details el the plans, or stra tagems, as they ought rather to be tailed, for forcing sip Stock and *Bank credit, were given last nightly ike Neese of Commons by Mr. VANISITTAIT 4 and the Reeder will see from these into what a compli. Gated Mate the fineacial. affairs of the Ration have been driven. Every measure which the QueciLLoa isf the &CBIOS:Ma new brings forward has some eennectioe with the Bank, and whether it be the Beek that speaks in reensamendation of kir own scheme for its own advantages or the Government, that has mixed the stairs of the Bank so mach with the concerns of the nation, that it cannot soggestan - intention with. out referring to its pyres holder, the Reeder ettbe CHANCELLOR of the EICHEQUEIO speeches q sire some time to discover; for Tarn, Patient' Debt, Exchequer Pledgtig and Mortgaging,. Banks - and Bankruptcy, appear to be all so closely connected that the one cannot be mentioned without the other. If the figures Nine hundred millions, for instance, had no importance beyond the tonsil space they occupy in the books of the Bank of England, we might behold them with indifference;bot when we know that, according to the increase of these appa rently lesignificant cyphers must be the immune of taxation, the decrease of the profits of industry, and the diminution of property, it becomes a matter of weighty importeace to every mambor of the community, to every inhabitant of Greet Britain. fibet"; ,, v ,, riitnent borrows money on the credit of the Basket England—the Bank of England borrows money of the Government--thee is to say, by the pro. tectios of the nernriancnt they do not become bank rupts, and ore permitted to issue pieces of paper and melee phi and silver for them. The Bank of Eng land bale promised to pay in cash repeatedly since the stoppage—but they say, the Government will not allow them. They might, however, prove they could do so by satisfying the few demands that are made spots them. Ou their Bank-notes they promise to pay in cash, bet when they are resented, they infuse--they dishonour their metes. They will only cash a few, and give other notes in es. change, always striving to increase rather than diminish their Issues. The CHANCIILLOtt of the Ex- CUCQUER Conceives that in so far as regards our in• ternal situation there has existed no desire in the public mind that the Bank should resume cash pay meat, and admits that consequently there would be no danger (to the Bank he means) in returning to a metallic currency. Mr. VANSItTART presumes more on his knowledge of the public desire in this respect than the facts will warrant ; for every body now sees and admits, that a return to cash payments on the part of the Bank, is the only effectual way of checking the increase of therein and crime attendant upon a paper storrency, so variable in valve, and so easily forged. Bat the most ab. surd part of the CHANCELLOR of the Excna. gOest's defence of the Restriction Act, is his de. claration that the operation of resuming cash pay. meets ought not be resorted to, because foreign loans are oegociating in the country. So,becaosethe French and Pressian, or other foreign Governments want loans, the British People are to be deprived of the advantages of a return to • proper standard in their circalatiug medium, and our currency, even in a time of peace, is to sestinas dependant on the measures of Foreign Governments, or epoo individual speculations. Tb. somber of absentees too is assigned as a cause of the inability of the Bank to resume cash payments, sad the Army of Oc ' cot:alien is necessarily included to this aliesion. But this is a eases of incoeveeleast, we think, that might be (may removed, and with no little advantage to this ilemstry as well as to France, for it would paste the wits of any one to discover the Weeks arising from the keeping op of this idle source of existence. To a question from Mr. Mangy, respeeting the probable issue of transferable debentures on the cre dit of stock, as lately rumoured is the City, the CHANCELLOR of the EICUE4IORit distinctly stated that he bed no intention of proposing such a measure, especially while there was so large an amount of Government paper, as is at present floating iu the market. In both nooses Addresses of Congratulation were voted to his Ro) al ilighness the Persica Recast, the Qusco, and the Princess ELlSAllltiki, en the oc casion of her Royal flightless, marriage with the Prince of Ifessc-Ildnacao. It is stated, that a Message is to be brought down fro m t h e PRINCR REGeNt on ' Monday next, In consequence of the' Royal Marriage that has taken place, end of lb Ilse hi contemplation, to settle a provision anger and waft generally en the torn es of the .% iso branches of the Royal Family. Oint 01110, is so flute reason or necessity to justify shy tick messaft, that we must beliefs this stittment to be a tatittratioa. • ' f.az 1 • "! : • ~."1 H itt /I T 1 ran• raP %.6.• thirft ...7111 ibil. hove V beeweeeeived.--1 'ite Pt*** fee the Abolition of eisedilave Trade wet presented tb Hie ILlng.tin Sunday by the Cn A NCE4IIOII of Preece, Mid Om Berne of Al dbaniber of Petri. These Phis are agate otarli MIMI with the trial at Alla; of. the persons amend of the assatednatiest of M. Ftliittss. At the close of the fith. dily, only 37 !vitamin, oat of 9.05 foe the preiecollon, hid been es. wined: "Madame hlttritoir itteeried to der °firma statiment, and acknowledged haVing . ba4n in vi gait 111 BAIIQALIS hems at the vilest tbel wittier was cos. •• Tlso- .4irstrion Observer. has contradicted .4be et& pests is the English and German Journals, .of its being iatended by the Allied Poirieri to t shit in the Army of Occupation on the right hank : 4' the Rhine, after it has been withttrawn frees Fres*: It eiss,doooto the truth of the conjecteres in theses* liermik, as to the: objects to be dimmed at the . mining Congretiof Sovereigns, tut nothing isms!. &seed as to . the real topic! which are to occupy the attention of these Royal permitter'. From Petesshargh it Is mentioned that pregavations opoo making at Moscow for the reception-of the King IN Pivot*. ANOI'HER EXPEDITION TO TILE POLE.. In a Petersborgh article we rnd, that Caere, Gocowers, the Russian Officer seat oat * Mi Coed on a voyage of colossisatien ("discovery, hall tucked Rae Janeiro, after a short peeve oat, eel departed thence ter the eastern coast of South rice, for the Sandwich Islands, and, subsequently, for 4amschatka. it is alleged by some, that sacra,. west passage is the primary object of the enterprise committed to this Officer. If so, be takes the diame. Wally opposite course to that which has been pre scribed to the British squadrons now equipping for the. Northern Seas. Their scheme is to search for a road to Behring's Straits from the Atlantic Oeeae ; whereas Captain Gocowntx starts on the adventurous part of his voyage from the Pacific Ocean, direct through Behring's Straits. Yesterday morning the Duchess of Gr.oucesTta visited the QUEEN and Princess MIGUSTA at Booking. ham-house, Rood afterwards accompanied them to visit the PRINCE REGENT at Carlton-house. The Duchess of GLOUCE4TER, the Dukes of YORE. CLattascr., and KENT, dined with her MAJESTY yesterday. IS the evening the QUEEN had a select petty. On Wednesday Prince !antrum) arrived at Clare. moat from We)tnneth. 'fhe answer to the• enquiries after Lord OALMIIR• STON'il health ,eterday and last night was, " That his Lords hip was :quite well." The nett 'lamination of Davis, ‘‘ho is 4.,.gt'int , i iii 'NOAH-fields Prison ' is is said, will Ile place on ,•• 1 lay nett. • flevaseed the night in r, composed mansie,, of was heard to sip, it was Isis ineentioss, to kin istsa -.rdshipi He resides in a room in the G.sverttor's hosts • - "here he receives every care and attention. Yesterday a Court of Directors was held! ft! the Fast indis-house, when the new Directors elegled rns Wednesday lastoig.:—lttctitnnCHlCHELET PLOW. PEN, Ecq. Joux liunmesTosi. Esq. Gr . nty:E.Angtt, =toluene Roaiusou, Esq. Wu. STANLIIi Cissine t Esq. JOHN TUORNUILL, Esq. and GEORGE RAIICES, rig. took the oaths and their seats.—JAM . giPATTI. son and CAMPBELL MAILIORIBANKI, &qrs. were chosen Chairman and Depaty-Chairman for the year ensuing. • • Leiters from Madrid of 26th ult. inform es, that the new Custom-house Rego'ationy that were talked of, are rather projected arringements for the esta blishment of four depots, than the opening of four free ports, as the foreign merchandise was Intended to be deposited (for a certain time without paying duties, and till embarked for South America) la warehouses under the King's key, but liable to a cer. lain superintendence of the respective Boards of Trade belonging to the places where the depots are formed. The esport duties to be paid in Europe, as well as those payable in America ; hut they are to be calculated in such a way as to give to Spanish com merce an opportunity of entering into competition with foreign shipments. It was supposed the duties would be 15 per ceut. en foreign goods, and eight on national ones. The whole was, however, still con. sidesed as a mere project; for, although it bad gone through and been approved.by several Departments, • it had not yet obtained the sanction of the King. On the 21th, a new Royal Decree had been pub. lished for the administration of the military finances of Spain, which ire to form • separate branch from that in charge of the War. Minister. The new plan of Ways and Means had not beets carried into effect, owing, es it is now said, to the delay of Bulls from the Pose, to authorise certain alienations of pro perty. It was confidently asserted in Madrid, that the Retsina pqnsdron is to be paid for oot of the funds destined by England for .the dehisce of the Pyrenees, and not out of the 400,0001. arising omit of the Slave Treaty. • COURT OF COMNoN COUNClL—Yesterday 'the l l LORD MATO& held a court of Common, .Couocil Guildhall, for the especial purpose of coosilerisig of an Address to his Royal Hiesness the Parxce• upon the marriage of her Royal Highness the Princess K . maasctii with his Highness the Hereditary P la n et s 'of liessz.llesteueca. Also .of an Address to t i ker . Mei EseTstod of Compliments to the Prince and Ptin-1 cess en the same occasion. After the•Minotes thej last Coen had been read, the .1.0111) Sleyon.stsCed J the tattoo he had called them together ; an d ser. i Alderman ORTDOES Mated, that Addresaft and CPII4I 'aliments be presented accordingly, which &gag agreed, to, a Committee was.appeioted to oEore:thews P . 441 they accordingly ssittodreer i and Iselngretirired; pre sented Ovum, ' which were read and ogrOed4 4 '.trnti' the %grits attended by the Remstabranter, rare directed to wait upon the Pinter* Rkairr, Quagsr, and tie Plltittess end Petnc4 te, kilo! sks t h ey mongol ise pietism' le 11101111116 tw Mille • • Gemmel Detichese the filltb Ilestesest, Wto !rev need the. Isle Gaspordter. Jane, si Cannel or ski 311th Regimens ad Ihr T. }lmo* Yee ass the 95111. s: • . . . . bath., Areit. 9.:Arrtved and sailed for tare Rises ' the Earl of blnrley,. Crtigie; from Calcutta, sailed the Dec. 1817. Also arched the Trim, Gruyi sons der from Lisbon; . William, Beer; from Wee HOW ; Mitteita Bretton; froth ; Ssc. eese, Party, frosit * LiverpoOl; soil octets, .moreijar. Aeolus unknown. Also arrived Irh Maje*ty'j wee .tet.Lotd Dunes*, ,svilb a Plaittleta Mani Trott . od.-Seattret Wutsitti.bnand weak% Naha kaki entelkisig.dowa this morning, bit iss.ttl lii D laihnilihi* in consequence of tbe strong S., W. oh* l'OnTsithuto,.. AestiL V.—Aphid liplillajogra ship kenos,. from it.creise • iand..the • NagllO4NA allinerss,transposta, Isom Gibraltar and bligUe4 ORA troops, and are pet undo, quarantine; elso . thodoa tug sty; Blderkin, front caatowfor'Amsterthiroi.,. Piumonce, APPAL. e C." ; pArritpd W 14401y i d athoollep.*• Lark. trot a &alga. Foiirta. Atm. 7.—The Schedner Yidilatit t , tirsitg iiishoei.to Gediz, itekhhaf 14 10 Ptrit hejlilf6o‘l► . lora rimi of by a brig in let. 49 , .: 3 ..10ng!! 7 •. 11 ..ritt and Itsti,het botherksiAtc. .. t 1 DARTKOttilis At lr. - 1 $; - '4"i n4i . 114 ' Christiana Ilanie,S4,lol4ll . to gollilettdito.Pult * of boursphOsavins . 60ibis foal of.by ovitudoef on littiiikiost, I( *A itteorini paths eftet sonkt SIIMITSZA, 11.44 1 4 Avec, 4V Ali Lyme Regis to this. Aileen oh, Shore ot Cofer' %Wan Saniklit Ciiitlithiti Rae, oh Mob% day night, and lea coebtletsVitiock ;' ibtettirgo is en tirely lost, and it is Ittibtad-thatirety little of the s' - materials will - be Need. Anti% fi.—;Arrittod Smith, from Qatied ; alit Ann Jotses ' from Norry.— Sailed the fold, fair Nevis and St. Rittio • for Prince F,dwares. Island; Cullen, and Comiserclal Packet, burgh; Mary, Qioper, for Anikel , rietta, Pontiff, Air lieoaeo ; - Thompson, for Rotterdam ; _ 'weeter ; Pomona, Scott, for burgh; Alert, Joffe:, for GibtalL Diatom, Gray, for Miramichi. Tho Defence and Jepitet, from Landoh, Ora rived at Bengal, gd December ; the Wettnistrlaild and Wellington, from Liverpool, also 'dived' on 24 Dea cumber, at Bengal. The Moberg and Anti has ata Heed in the Downs from Liaboos $ ; • CONVICTION REII_,ARD,_ The Mil for repealing sock parts of several /trig as allow pecuniary and other ratter& eft the toti victims of persons for highway robbery, has been printed. After reciting these several Acts., It "etas, that so much of the some as authorise the receipt and payment of the suns of 401. on apprehension mud cenviition of persons for the offences therein named, shall be severally repealed, and that no.cartitiostil '4ll be granted to any person who shall so apprm. bend or sonviet any person guilty of any of said felonies, to discithige such person I r tini Parish and %Yard office, : and whereas massy penotta. at* de... terred from proknollog pereeste guilty of felony, by the 'sperm* and loss of tittle attending such prosecu- tions, the Bill further 'netts, that the Court, beforti which the 4 , 13 l tan places, shall be empowered, at 4..tups: Qi the prosecutor, to order the Treasarer 0; c.. 3 County to pay unto such prosecutor end Wit.. uenes, as 'well the costs and charges df the indict.: !tient, as also a sem to reimburse them for the Ow• pence, incurred in attending before the Grand fury, and carrying on said prosecution, and to compensate them for their loss of time and ttooble—said order to Is made out without fee or revrard, and to be paid is sight, by the Treasefer, to the parties: Arrexevro Stumm—Yesterday morning, *beet nine o'clock, beet. J. F. Harrington, late of the Royal Navy, who for the last site *oaths has lived with his mother, an elderly lady; in lodging's in the Edgeware-road, attempted to pit a period to. his eitisteuce by shooting himself with a plated. ' Ild placed the fatal weapon against his side, and thd bell passed throigh the ribs ! `The sound of the pistol was heard by setne persons ib the house, who instantly gave the alarm, end on preeeeding to the onfortuns Gentleman's room, MI was found stretch ed on the floor, and bleeding copiously. A &trefoil was immediately called In, mid hopes are entertalowi of his recovery. Yesterday Richard Turner, who lately made hie escape from Newgate; was taken in Copenhagen. 'fields, and brought back to his old (leaders. That notorious character Iliddkcbsub, who has sea long carried on his depredations to the tetror of the Inhabitants of the New Forest and its vicinity, and for whom great rewards have been offered, is at length taken. This desperado has long eluded the vigilance of the officers, and had secreted himself in a wood neat Plaitford, for some time past ; bet the bostleeof 'the Shoe Inn, having by Ittategeds disco ' tiered Ms retreat, has sucteeded in taking him.--6 Me is now safely lodged in Fishertoo Sett Courier.) No. 15,760, drawn yesterdays Prise 0109000, Mares at entitled to ,e5OO in addition, was rold.is at SttEWRIGHT 4 II Fat(Unit. Offittlfi where the (DIA lerteisog Capitols have been divided into 80 Shares,. eed all sold in the falter, drawn yesterday -4. 1b,760 a Prize of £3OlOO • • - Also entitled to . 500 • 5,178 • 1,000 it7lo . • ; *.• SOS • 9,147 r , . . dOP 7,091 . • . . : • . 310 V. 413 • .- • • . • 900 100 .'••• ' 111.5511 . • • • '• • • . • i 1400 , ••• • , • . . 900 Tfilaatlettilfe Hold«n sear -receive the Motley 00 si.T L ysta.ert's Meer.. . Si, . 144 Qtrord4treet4 •11; Holborn, X, liorsaiket. EsCailecii. A eat t. 10+—itheat to dad in a Je tties of fin iiiilliteadity's Oritis.;-113145y at sidet%e of Ids ($l4 apaaa, , lt• 111sloar,—la Owasso/ relief artistes asi '•safrtifirlELD . liaitic Attu. 10. • • , •. A'a 41 * tlr 011,14pireame Sas.. lioa7 44. Qt.' ro as. 04. I , Jaime caw? Orb day I aloha. ..4s. el. at. 04. Sd. Bahia • 4.... 610 Veld sgit Gt. •N. elbeepeettambi....... 400 , le Ir. .04. Ohms ..... Jon Web ....7....ea.' 94 ea. Pio 210 1 ," - • • .• .• Kay ea. •eL se. 111. es. 134. Clymer N. to 76 S. I ' • brow' —. 91. 04: at. to Si. 5. 01. .' .~ ~: ~~ .. direct Ilia 1 4 1 — Lisiblv Ann and 14 tYib goatirlos i Stij, • irslleasoCie Forster, MN rehi4 0 04116 i, thiii fik. 009 4 Loiiroio; 'Unite 11.1; 1 / 4 . 'Susan and Carottla Itaitijois- for for detel P adre = tailor and Matta; is ....~~. . I • ~.+~ -~: