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

q 114 . 4, t 74! /eve (I ° l 1 . , 1t?l- . ( 1 4 , 124 41.1. e-t-l-te , 1 .'"` r . rwo4., X4-i#l-4iiZ- . l c ..1k I , , 0 • knat f ' 4 1 tt 0 ~ ...- '.- ir, P- 1 0. 1'. ..r. ~. ig LONDON, THURSDAY, MARCH 11, 1819 No 4056. PR/G3 " 71. Cane Icy which Ilhaiross fail vs Mc AK owl S IN ei ow the stieffei !" REFORM OF P4KLII kNENT. WESTMINSTER ELECTION.—fir F. RIM DETT. Bart. N. P. sad J. C. 110811OVIlit, • ifr o ine areentei shei.witarl.s b• DINE with use ELECTORS •al WlialiliNSTEß, ERIIINDS I..FORN. au TURS• VAY. she 16411 lassaat. at she Crowe aid A Wilt., Tabora ; 1110 Mawr will he as Table. at Five .'Clark preriseir. Toms" (wise incladet) U. 6d. each. its he had of the Biewareta. sad as the Bar "kr thr T . N. L The Doers of the Great noose will Is opeerb at r.ar 40c-tack. CUSTOM-HOUSE. LONDON, We e * 8. 1819. nR SALE, by Order of the [lon. Ike Cootoeis: oners of AF Slijeot's Co.tion.. en Toenism toe tee. Wednesday ll* 1716, Thomhay the 18tk. nod Freda' she 11 0 1 h hen. it Oar o'clock is. the Afternoon weri.rlv.nt the Capeet* dal Sale Rune!, blincing.latte. the f..ll..win g Goo.* ov BANKS, wed PAPER MONEY in G KNERAL. TY the power of those ton peat 1r:1 i /intr. It ' miles the art of persuasion ; and unless some general motive like behtiog foe independence, such as animated the French iss the tete arrnlotion ; or a common strati. fagot and resolve to die, rather than be mode slates, unitese People in their own defence, the combatant who employs most money will be most likely to sue. coed its ;be end. It tsas money that maintained the sway if the Carthaginians for so many comities ever envious neighhnoes ; it tbas that shirt proraitti the* alliances, and hired mercenary troops to LOA their battles, by which they resisted the folvoidoble attsrke nt in. ;tontine for • lone period. Wkst but this Could have nnottled a 'mall island like errs, to hold two vast empire*, at distant parts of the globe, is ea. sire gib:fatties ? These is, perhaps, no pert of history which sett the English action in • lose fatoorahlo enlist of view, them the adoption of the Knuth Sea Sc.hemr. It eel evidently the effect of avidity and reassess, Awe flier, h op doubt that it •as copied from Law's blisabeippl Prajtet. As the stocks are now disposed, being divided Into in infinity of partiess and shares. bearing • kn-wo in. threat, though different in the different fonds, they ore ant sehjeet to great fluctuation. ezerpt in times of national &beer or calamity. And though the public tewiitors Most long have given up all espeetations of ever receiving their capital from Gooornoneet, (veleta by flesh piper, after the meatier of the Alissiasiopi ipaper is Irttriej yet, as they entertain s probability that the interest of the debt will be regularly paid, without farther reflection, they world not readily fall late such a trap as was laid for the covetous and the credulous at the time spates of. le these days the iloaos were ehlelly Made by Corporations or great Companies eleaerebiots ; who besides the stipulated interest, were iod•leed with certain advantages. To oat of thole Gompanies was granter', is 1711, these. saintly of a projectml tied, to the South Set usi en tire permission to visit which, it was imagined Elie land would obtain, in conseqeence of the precise gloss successes of the war. At the Peace of Utrecht, however, no such free dos was obtained. But the asiPftto. for contract for supplying the Spanish colonies with negroes, obtained by the commercial Treaty eh!, Philip V. as well as the singular prielleee of miodiog annually to the fair of Porto Bello, a ship of Ste hundred lens burden, laden with Eorespeee commodities, was vested eaciesivkely lir the South Sea Company. By video of this con. tract, lls Nish factories were established at Carthseens, Parants, Vera Cruz, Beeson Ayres, aid ether Spa oish settlements. [Coslimed f, OM YU! Paper of Yearntsv.) FOR LXPORTATION: Fast larl;n 'tn.l foreia• preihibioed g... 1.. torn spills, spire, loaf swgir. sow rawly. lastafiebd6. fArradr4. I.IOIOM. "plot". I.r 4 k. pprr haagiegs, pitiours. pasts. dols rime nod thread Wee. EAST INDIA 1101'.0, March 10, 1919. Tr i lHE COURT of DIRECTORS of the vsinco COMPANY' of MERCII.f.NTS of ENG -1..1 1), tracks, to the Lan hake. do hereby glee Notice, roe the Quarterly Goner.! Court of the said Company. op. pdlesteel to be kid of their HMI. to I.eadenheft-duel, ow Ire/. bereht;, the 24fdtfase. it farther made Special. for the purpose .f sabsoittfog. for entfirmattoo. the Resehtlioa of the General Coati the 16th December ten, approve., the itandestion of the Court of Directors granting o relearns of POOL par aaneere I. William Welsher &vele*, F',.. Non Sir Weber DOMINI, tato of the St. Hansa Erte6tniumiesst ; and also for the purpose of toying helms the Proprietors, for their ',probation, the oader.neetioned Resolutions, ris. A Resolution of the Gout of Director., of the 304 Decent • tier lo.s, griming to Lieut. Colonel James 3:disood, th, Mitt. I t o Ofcretur) for condurtirg tae Military Correspoudeat e with lathe, per animus to hl. salary. A 11..solotioa of the Comet of Directors. of the 27th Stnuary la 4, proposing the foramina of a Fend for the benefit of the Widows and Fmellies of Iterea•ed Officers of the Home Eva- Wo.hment, under certain Regalations, and the grant in aid of the some rif ibe sue of 4.110..1 per onnous, from the Genet:ll Fee Fr.ll for the Home awl Vitterhoute.: also the suns of s.w. per annum from the coospons's CAI; with a vii w to ',liege the boo& a t the Company in (Ware frein nil rtarge. be loan of rennin's or Aussity, to the Relatives of the said Penna.' and FOR HOME CONNUMPTMN. F.evirm spirits. whiskey. Will*, ineneae.• chian, tea. rale', eh ...dale, -wear and ..her pea 111y.11U11M15,4-. .erred , , serdi gv. iv. drrrs, plate•eiaa. 'althea, restpe,-p!at... for callers print ing. •nairret skin beings , unseate d nik-ili. medin, vhwM, lace. tore kb. w:ttches and other jewellery, zavei, prima, pictures. .irk Iselin cut. resell amethytel aall ' , Tunes. drab, mahattnn), shores, bn.l4. ,insw, subarea-ashes and rimless. and wndry "lber gat& as mentioned in the eliminat e. dear of all 'Flte tobateo-athes. dieters, mid Subarea r,M •-nnir in lets TR le sl/y, It. hr viewed as the whams. 11/81111•40ese, LOOdilli Deets the deal.. starts, INN holpSly. MAN, and wee, at the tatitseeis ground, Itn:herhithei and An the Winer goo& nt ILe King:. W.rehnase, twil..o•Nivator, awl at Illntse• med. and Linea Vt'arelimwe, Liiner Tharne..street t en Ttaerhday thy I;tii. Fr.fley th , 12th, Fulturdav the 13th. and M•oolay the 13th ital. Awe T.l o' clot k in the Nursing In Three in Ike Afterattee. N.R. Gawk bought at this !tale tnno be pail f..r at the Re enter of noes and rntleinstes Office. rit•tons-hisnre. Oa or before Silaranv. the 101 E id A •ttil. , Sl9, of the depeefts made thereon will abtolatel, twenaw • .-. • - Cmail.ptur. tu he had at be Khg's Warehouse. C 114•111. .I.oooe, price 1.. each. H ANK for MONEY TRANSACTIONS; whecp thr npplir*nt b eyelets eft obrodnioo M..w by Anowily, or by Bill.. or other fieraretiro. reitholit Sr •% posirr. Adder.; or opilly to Mn.,..s Lettuce aid Cu.; Si, Howland serer', ritzre)-sqquire. CRIM. CON. NEW CARICATURES, Piddlebad by Forel, 30, Piccadilly. A itroilnison of the Cowl of Mertens', of the 19lh alt, pm. raise ib• f. rmatioa a a Fend, for the ben ell of the 14 . ohms and Families of Demised Elders, EISTS Clerks, and when', i'seron•owntinewJ, of lbe Home Service, seder certain Rooth tom., s al the Grant (s n ail of the air of the sem of per mutant, Pam the General Fee Fund 4 also the som of per annum. from the Company's Cash 1 with a view In relieve she r 11,1114 of the Company In filter* from all charge, by way of' Pension or Annuity, to the &hal WM of the v:id Person•. replied/ the P port relating to the alissee•outaionorf flakiest,. together silk the Reports retained by the Bp Less. hose Ile this Hours for the leopeaien of the Proprietors. JOSSPII DART, Sem.tirry. Cll IN. CON., .9.• a Political Viot to Thtysal. IL) aerdli•-ittieti t Deference in Tone Ibr I)oner Seek ; Chiloetty !Isititnenestio Sbe sir. of snore Leroimittets John Ball is Cliaorr. and Done flyer ; L Corbeine 1 ' , sill , Wnlttin g ; I, 4 t t ptie Ce n t re D ime Lever der Crl.4plfea Costner ditto ; Qeid hoe urlit bii ß hlnn I). o li T s ; Grand Couoity Ihnee ; IS Plates of D uJiee; Minikes' in LAttier a:4l osiberon• oilers, ail .b. risen. Folios .71 Cnriraist es t “ri for tle e.enior. 111ATCULESS SATIII Thir thy .w rhiWlted, per. St. pt. in bawd., F ITZ- FLO RI A N's A I.P H A ; or, liyriul F hlr. for Children :m on up. Printed for J. J. Staek4tele, 41, Pall mull There are the 0.).4 clever. painted, and elegant Satirical Potent. which Wee appeared few a I..eig lime. New Edi•ais. of COUNTY FIRS °encl.:, Seatibeeptme-emet, Strand. AT en ANNUAL GENERAL MEETING of tie MEMBEIte, held a tie Ogee. es ibetil AWN, DRESS mai ADDRESE, LIVE. the TOM, MODERN 'MAUI. aria F.LOISS rice earls. LITTLE HYDROGEN s mr, the Devil or Two Sticks in lenodoso, k. 6.14 all irlIS reineraa Males, aail NECECLOTHITARIA.IP.; arejwl Pobleihed• MMII. • . - - WILLIAM PRACD, Esq. is ilia Chair. PKRIONICAL PUBLICATION, In the middle er every Nook On the 15th of Slnreh will be peklisbed. In see. prim 311. in M coutiner.loo the 16th of recce Month • being she tint sod Guly Lorisi ) Aece.ewdatienof eke tie d,, AAIONTIII.Y JOI:ItNAL of VOYAGES and Tit A V LLS, ith Eagravergb. Resolved annalraossly That after \aril( aC•.rded a full i,i'. mcits for lows r. sof. frr•is try are, a litter:Ll aid la furnisbia• the Beans ea..- otioliiag fires. and of dise..weraw and poolstrine incendiaries, anJ after ensure al. made a large Return of n i4PnAs le sp wards of 15,01:0 persnrts insured, it I. pr..wril 1 .. .1 Sro Capn•.l of 3111 . AaalWl3ll , 3ll Mrs area ly eserelssed. awl now tee.e I. b Yawl. as per Cert.flr.trs .areetrd front lite Audit flodriteres, Banters. aad flrock,:bistier of the Mare; and tn..; wady 3110.01X11. arlditioaal is severed deed et ;0., the per. qua c ameo of EWA Ifradeed Bimini Members. and then .epre• sesstarives. w►irh C3piral of Hair ■ 51.1t.a.. St. r!.. g Co .lileit the Seeartly of the Insured, nod esastiles toe Ater. twiny to rrorera:e IYe Polierilto4ders frost liability for the items of whets. That the elopements of the ()Mee have heel' Jewell idler& sad verported orsta &filch Auld l'..tih. liheralitv mad pr .op.• woo, that too vin:le litigaitort hat stei-en is civitteget the w earily or delay the 8100E011v hov'clalautta. . . . That al hinachi t►e A•rseiiitiw wealricts ',self he the esileii-inee of gists She n'. wine of pr.grerly saw ainehlinz ottured in ih. oiaiew Ficrieethen careedita:ely !taw& that a hich Nitre to r.i Awe h.-ca arrainskeeo ha any whirr Ogice iu a ttshil.,r petiahl fresh 1 , 4 Camdatieen. _ _ Th.' Howes of from 2r) 98 93 per rem. liner been intmrl4lll made to all perms.' trim have comtimitm 10 , 01,4 4...13 Yew*. whether their Policies were taken mot for Se•rn Year. polommt or sere reword rtommlly; wkiek Itets,s. home ez• r,mlett 16,01101. *HAIN the I t.t foot m wiireat the Pbb , click hat never been alroried by any ober well savored OW,. That Ike Thank: of the Meeting be given teveriOly to hi. Cram the f)elie of fitilLowl, toe 11tW Nubl , Ike Maratierr .01 Sterithitham ant of Northampton ( Tne.ter4). for toe kroner et their eery obit, ins letters No the ote:e.fon of th.. nod of their emier.il otopott of the intetr.t. 1.1 the Aeomiatten net the illeetiae cannot omit the prewnt opr . rime..it• of re groin their avowal of their approthatioit of she ilt , ll.t , l , zroce. and pretence, shier the Maert,T.istrlYeeetnr, Mr. Itrrber Heou liefien, has theirs in arranging I. a Plln.stlii fen the :4 Emma the Asweisoino, reds bush bone led to rrwlb of ,eci; eilliecni befit", 'Otero.. %I. PRA FD. Chnirman. R KA sl RI. WE are requested to direct the attention or per. 'qua Mill, ted with ow-:1W or Malay tinny, nervosa dr ▪ ism.tvil sweeter. lan n( appetite, ladlge.sino. a...prank/a .pent., in salami ur thaliln4 . f oh, It :nd.,,..eaduaile mod every other hind ..1 etapin.n. a,thatat. ulcerated &mar. Penmenl weehows. vim. in ate Itmln mut Loire.. ro.:sonsplive ly,totgogt.d ' all tort-situtinind cnlnploinn. Immediately in mike iriAl of she IlHehru:ed COI{ 1)1 AI. HALM OF I:AK ..r Nothater, infalblete licwarativr, as prepared and sold. whaleante nd retail. to, C. J. ' , truer, N. l).. of the Eutte forrelm Medical M.4..MhsberirM. 7. Ch. , 1041411ttl Road. George. in the Err, II is witrerwillv neknois 'edged In lee 14, M.l eversible and powerful regeoralive la all she above eum thank ever g lormered is Him site $40.4. she Mug vial at, puke se she head awl Ointment. awl prtionter g•it4le pergpiruliosi.— Is go utterly ignvantile fur limenage In elsPeetn. ar elemence si. exert!. .uthriently the noise of thb irdndedhi end inctunpurable Medicine in "-lasing health holhe utllifted, and Ovine signor to she axed; thnenuolv has. big bee.. resumed le perfect health. ober hisitinz been .n re. doted by dllfetess 1116eNI•rt • p In hare twee de-paired of, ml colt by their fanolie-, but also by their prnfennotel weleirdort.. 'ld. by aPpwistrretti of the Prnpricsor, linstler 11.. each, or own evanris he. in curb g or four cgsatiebles in nee 'Moil,' inside. fur 1.P.. 4.,, tigeleded, by gen.. h one 11.. bottle is savrJ, Tli. iuntiow,bir Medicine will keep in all rilMitlff, sad tvtv !tad of Hurrlnv mudl4w, Ilect-loorkes ; %rode. 16. Cnrehill g H. J. Pre.ton; iol, swam ; J. iti, boots. 199. ltrnml ; Barker, iest.re..-srees g thnodler, 76. Ot Intd or•.r. Tarr, 10, MiMoc row. ilmlhoru ; mad No the most repel - intik hiedigine Vestderg ng every pan et the kinedorn. pr. C. J. Jarann take tenter*, opportunity of es- R ilnring to lee Pe!.ltc. that lir -II:1 1 , ody rar1i...... Ir to .11.• yore re pinnolatar ..maphont.: tn, n rrzolnr etortittrr 1.1 thr Royal CoUrge of hr nLrr , e sore•J, end per nw end rrlte rirrry ..1 clorr•sou. tr14%..1i000 ; ..1 to.rtryrr Now •lanelioe, or of the son , ' insriernie Lind. are !i% tits ore •.0 • .npro sat Dinar orlfrelonrut spredilVoM..trrrioallyrn.r.l !;,. C.. 1. Jordon roinalted. A) all tool,. I.uot von- on thr .norrlne lilt taw in the Cl the 1..•••1 d.• rid 1-:.tat•li.tortriet. 7, C. oe ....s.rrei R. .n 1 , cr. if the Gou !,•• • 1141 KWIC NIDE Sf. George', is the Lag. C .ftiastag I. tW OKIOIN WOKKS d nervy( VOYAGES Rs.% TRAVELS, the Copy.Ktght et which will be perchased this Joessal. it. Of TRARSLATFD WORKS R.. tar frte . rh earl (imam Language'. wr '4 Rrprista of New Americas Work.. 1. OF coPioun ANALYSKS of NF.W VOYAGES awl RAY lairly pablesbea is (Irma &Kale. livery Fare Nombre' rouppletiar at lea“ ll..oeverll Walks. WWI MVP Pi IA Missabrr brew cvani.a , ed s 4 Aaalyeas, Ilaishiag a skid velar,. itort the FIWIT NUM&F.R. to be polpittlonf so rho 15th of Morel. sill be tilled who Ore arm r ef she Alehasoler. employed Ir. the toe Vro. rote of Dire,..ert to the A. to &exhort. bower/ the Oro otribenrie hecourro sot, I L t . aptrearr.l orator Eoperlittoo. whir Plates, &c. Tee sw.rorrn NUAIDER w.ll e.“. 1.01 a !Corrals( of Mier If. al.' Votraer hr the lodine Se:ss, is the N leas, b 1 J. Prier. Eel. the Sawed; eke, with Plates. Felon Rashers will he mud!, isderessliae aad evrimesc .ed. in ob abate, a Mere illakirinc. .riciant, bad important Periodical W. rh. perhopq, n.•.. r ih- Pob. Irks while it polirtoWl the persdlar estimators.? :Wraith, in a towaht period of the'llsolit, and of trot I.s...fps Sue. therefore, Irish she prune' of the standard rosshli-loot 11 tirrilanierr, 'Snitch. fs..m the nature of it, rontentt. it will lose none of do worth by lion-denier's in remote mutations till the Sat al the following Marsh. P. inted for Richard Phillips. earl tall b. John Studer, Ns. I. Ss. Paul's f has. 4-%ard 4 wolf.. h e n.,d of Al 11.. o k. e lt e rs Ia Orval fltitain. Inland, and the Colston+. ••. As ever* Newsier. or Port. will br complete io itself, aid will. Weeder. be a/loped the cue of nil Libr.iiies. &1...4c sod hook Sntienee-. ii will be delivered, du, up he booed.. ol Thee Skillings •id Sispewee. eiiik • Imb.l no she bock. Ostlers. therefore. Awed elisibmiteisb between tie copies sewed beards. THK iong-established reputation or M . CURRIE nod Co., combined mob their welt-kooma et p r o r a t e :4 ot .yrs c 44 la the treatment and rare Ora few relate. log romplatio.. entitle. them • reperior claims and a deeWed refs -ream n.er all oilier prortiinaveri. bloom C a r r i e .id C o , at regular Senrsso., aad Member. of the !loyal Colleges of Lon don wed ' , Alabama. eresrat it. she Public the remit of Shiny greens succeasil powder Its sbr Pfleiropoli., where their treat. mein and s'ore of Vewrreal ComplJimi. Neryosu Vowels., Relavatiao, and Amoy of the Organ.. Strictures of the Urethra, &e. fte. la. proved aniforally triumphant. Is slight and forent rates of intretins. • prrfect Cnre it e " ns pl e e. yd le the .b sri period of too days 3 and to 11....• caws of n site oimplioned uobtre, where other Pran iti. rare bn.e failed of aontem, • proper pererverant• In their plait of treatise* is.. mires to the Protest rs intend sail prefect se-establishment. In syryydy Debility, wbeilser 'Fudge's' by etiovivial ego...es. by lee toonderate rejstyment of seusual pleseuries, by serleitiary at ewer OINIONIS habits. or by way oilier mop, lb. Medicine. they gies Tatar mill produce the happiest erect.. in improving ever bitty both of body sad sand. Se Bent Noblemen sad of the Ir., rinproshility, bare born soder the rare of %limn. Carrie and Cu. fog the sens"val of Ooloploiali of she Urrebra, Sirsciurer, der. "sod having received 4 'Aka, and permanent ram rratiall Host reference may be w i de I n thew s , a , suil.fartory es/ideate. of She &ram.. wOrrisia, ylf Carrie and Co.'s plan &festoon . amity of she-e Griol•Moll ha., had Silicates from its to teems seise., and had hero der its care .4 damn. Ilemyiody, mid other Itoreeon• if ...vial eminence. who attempted the cure by nut .pplieatista of Or I.no.tr Camolit. tuitions mere... blessory. Curio - s d t7o. any be r,oselte4 by either sett, with 1... gtrairin delirarv. meow', and boomer, at their house. Ioi, Pakois Is the calvary are eere.leol is Pile she wil t-04m of theio ca... age, nod gierrernl h4bil hiring. the. en -I,llliirrarie for loftier and theitorisier, M hell the MIDI will be giiria or rest to their phit of toe kliktdont. T.. bone that turret M errential 10 our ItArtinhu.i. the proteg e of ntsy be adds! is UN au.snami'or seedkinea.--107, Hat •Tireoffseks of France scarcely deserts that name. sexhey bate been liable to be 'linen down by evert adverse tide of public affairs. They may, however, be said to her. set the first exempt* of the peps, clum sy system, which has bens se needy, end at theism* themes fatally, followed by most of the Governments its Warope. A great choose was brought about, in the comosereisl concerns of France, by the M • • . ppi scheme, projected by • &WIWI sdrenturer, named Jobe Law. Loots Ike XlVth bad plunged the Praha finances ion great confutes. by his &abi des, designs on Germany sod Helloed. To remedy this evil, appearei a sash *ergs, of Lew'. goons. lb proposed Se pay off that nation's debt, as it were, by a single stroke, and this grettness of the idle re. commended it to the Duke of Orlesto, then Regent. whose sanguine temper iodised him to adopt the wildest expedients. This was lb. first and grandest attempt to introduce a paper credit, pool thereby re lieve the state, sod ti II public revenue, f e n the nor- . moos interest which absorbed all the gold sod silver of the coustry. Lee's Beek was established in 1718, and snort after divined Royal, and stilted with she MI • 'poi , I or West India Company, from whose commerce the greatest riches were expected to flow ; sad this esta.l blishment-soon etwallowed up all the ether trading Companies io the-kingdom. It undertook the matiege. I merit of the African trade, sod also acquired the viol 'Begets! no old: East India Company, founded by the grant Colbert, which had fallen tote decay, mud relinquished its trade to the overcharge of St. Mabee.' The solid foundation epee which this Company op-' peered to be established, and the vast advantages it held Nub, occasioned its stock to rise to above 4tt times its original value. To show who ere stoic. i qvainted with the power of public confidence, and she operation of State delusion, the nose of ibis earns. I dinary effect may not be uoacceptoble. It had long been promoted and believed, that the country in the neighbourhood of the river Mississippi I contained ineshaestible treasures ; Iww sad his ems tiers &sailed themselves of this credelity, and che rished it by mysterious reports. It was whispered all a secret from the Cabinet, that lb* celebrated bet fa. bylaws mines of St. Bathe had et length been disco wed, and that they wen even richer than (sine bad painted them. To give the greater colour to this de ceitful rumour, a corps of miners was seat to lovei. Siang, to dig op, as was pretended, the abundant tr . hey were aceeinpattled by a body of troop., sufficient to defend them tipsiest the Spaniards and Indians, as well as to guard she precious pro vince of their toils. The impression which this stra. tagem made on the nation is altogether astonishing. Every one strove to obtain a shore in the stock ef the new Company. The Mississippi scheme became the , object and the end of every pursuit. Lew turned the public folly to so greet an account, that be wisest.' shied, in consequence of she chimerical vales of the' funds, in lb. course of the neat year (1719) to fa. titivate so many notes, that their amount exceeded eighty times the real value of the current coils of the kingdom, which by this lime had all made its way into the coffers of the Government. The debts of the Slate sere paid off by this paper, and that transit- Ina first created a suspicion, which afterwards spread into a general alarm. Every one now wanted to con vert his notes again into cash, but the disproportion of specie was so immense, that in a short time scarcely any thing could be obtained for them. Public credit sunk to the lowest ebb; and a tyrannical edict was published, forbidding private persons to keep by thews above five hundred byres In specie (little more than 20i. sterling), end this despotic proceeding served only to crush the undertaking more effec. teeny, and to inflame the injored and insulted nation against the Regent. Lew. who bad been made Comp. troller-General of the Finances, and caressed at Court, was now execrated, and obliged to fly from a country he hail so shamefully beggared, in order to discharge the debts of the Crown. The sufferings of the adventurers, chiefly fathers of families, who had regretted real and personal estates into waste paper, can better be conceived than described. Thus ended, in France, the fatness, or rather infs. moos Mississippi scheme, but its elects, however,were not confined to that kingdom. Numerous foreigners hail adventured in theta fonds ; and the stock.jobbing contagion lad infected other nations. Holland felt the whack in a slight degree; but it fell with peculiar violence on England, where its mischiefs appeared in a variety of forms. THE SOUTH SEA SCHEME. Governments, as well as individosts, direct an en. viouv and asaricivas eye to their neighbours, and are ready to borrow every thing that promises to enlarge their own power, or strengthen their hands. without waiting to /PO the issue of a new espe►iment, or re. Ilectiog whether the project Mils fair to increase the comforts or felicities of Ma People at large. The Mk ' 'ppi scheme had at least wiped away the greatest part of the debts of the State, though at the ',pence and ruin of the unthinking People. It brought more gold into this French Treasury than any honest men. sure of finance could do louder the ablest Minister that ever presided over the @thin of that coutriry. had the credit, at Irmo, of haying pat the Siete in readiness to commence some nee beherre of amb;tion or aggrandizement, whenever the /totert of it should think proper. Prom this period finance has beer. considered one of the chief prigloes of war. To those who have rsamined with more than a aopericial eye. bow the wars of the last fifry or sialy years have been carried on, it most obviously appear, that finance. or in ether words, money, has &Hairier, more victories than ell t►e bilterirg rows and calicoes put together. Under cover of the ionnortetion which the British 'gents of the nouth Sea Company were authorized to make by the slop sent annually to Porto Bello, they poured its their commodities ou the Speuish colonies, without limitation or reserve. Instead of a vessel et five hundred tons, as stipulated by the Treaty, they employed one of a thousand. She was accompanied also by three or four Smaller vessels which supplied her waits, sod mooring in some neighbouring creek, furnished her clandestinely with fresh bales of goods, in order to replace such as bad been previously sold. By these espedients the profits of the South Sea Com pany become eacesvively groat, and the Public were led to believe them greater than they really were. Kncoureged by these circumstances and the general spirit of avaririous enterprise, which bad been raised , up by Law's Mississippi scheme in France, Sir John Blount, one of the Directs rs of this Company (and who had been bred a scrivener), in emulation of the Scotch Projector, laid in 1719 the plan of the iota. moos South Sea Scheme. Under pretence of enabling Government to pay off the National Debt, by lowering the interest, and re ducing all the fends into one, be proposed that the South See Company should become the sole public creditor. This lure was readily adopted by the Mi nistry, who obtained the sanction of Parliament for it. Bet as the Directors could not be supposed pos. wised of money sufficient for so great an undertak ing, they were empowered to raise it by opening & subscription, and granting annuities to such public creditors as should think proper to exchange the se verity of the Crown, for that of the Company, with the probable emoluments arising from their con. metre. This atfoir was conducted so artfully that the stock of the Company rose, in the first instance, from 1301. to near 4001. a share, and la order to lift it still higher, Blount circulated a report on the pass- • ing of the Bill, that Gibraltar and Minorca world be exchanged for some places in Peru, which would open a still more enlarged field of commerce. This ✓emoter spread like contagion, and tinted hopes of prodigious dividends. Persons of all routs crowde.t to the Sooth Sen.house, eager to have their names in the subscription books: the infatuation wended to far that the stock sold at last for ten times its origi nal value. At length, however, to use the phrase of thoeittimes, the bubble began to beret. It was dis covered that those in the secret bad sold all their stock while the tide was at its height. Uni !ex pectation now gave limy to general alarm, every one wanted to sell, but nobody would boy. 'Ft,. stock. fell more rapidly than it had risen, and nothing was to be seen but the direful effects of fraud on one title, and confidence on the other. Private (intones were *recited, and merchants and trailing Companies re deiced to ha Ilk tuplry. Nothing war heard but t:.e ✓avings of doeppointea ambition, and the execratiots of beggared avarice. The 'louse of Commons examined the hooks, pa• pets, and proceedings of the Company, and discovered that before ant sob•cription could he made oat by authority, a fictitious stock of 371,0001. had been ptly disposed of by the Directors in bribe, to facilitate the pa.siog of the Bill. Mr. A 8.1 the then Chancellor c f the fischesper, •nJ f. 11 1 ,0 1 1/ I the confidence of the People in at v.:it a Lt 0,,,•