The Statesman. — London, England, 1823-02-25 00:00:00

4* TI(B COMPARATIVE ACTIONS UPON THE CURRENCY, AND ON THE DIFFI CULTIES OF RETREAT. TO THE EDITOR OF THE STATESMAN. • Sta. Birmingham, 49th Jan. WTI. In my last letter I 'hewed that the robbery committed upon the public creditors. in 171)3 and 1707, Could not arnpulit to more than 119 millions sterling of our ancient dint money ; and that the robbery committed upon the private creditors of the landed interest at that period, could nut amount to more than 50 millions sterling of such ancient Mint money. Here then was a robbery in the whole of 16$ millions sterling, committed upon these two great branches of the social sys tem in Engl.md—supposing the actions upon the currency hich cattsNl it, to have been uncalled for by any circum stances of national emergency. Bat to the operation of ISM, I proved that the robbery now attempted to be committed upon the public debtors. amounts to full 400 millions sterling of our ancient Mint motley, and that the robbery now dttempted to I,e committed upon the private debtors, in the landed interest alone, amounts to full 200 millions sterling of such ancient money. here. then, is a robbery in the whole of 620 millions sterling of our ancient Mint money, now attempted to he committed upon these two great branches of our social system in England. Without saying any thing upon the outrageous fraud which has been committed in many other instances, and without noticing, in ally way, the unmeasured plunder of which our li manufactures and commerce are made the victims ! _ It must he home in mind, that this enorm;;;rObbery of 010 Imilliont werling of onr ancient Mint e ley, is equal in vane, in its command over the comforts and necessaries of life, to 1210 millions sterling of the money in use during the war; and also, that it is altogether uncalled for by any cir cumstances of national emergency or expediency which might probably be pleaded in defence of the operation of 1793 and 1797. It is not necessary' to push the inquiry into the various other channels, through which it branches out ; or otherwise, .4 doubt not that the whole of the a ufvbcrics now attempted to be committed, would be found to amount to 1.000 millions sterling of our ancient Mint money, or to ?,000 millions sterling of the money of the war, as represented in a former letter. Confining onr views, however, to only two parts of the great social machine, we find thnt a robbery of 168 millions *testing was committed in 1797 upon the public creditors, and upon the prieute creditors among the land-owners; mot that a robbery of 629 millions sterling is now at tempted to he committed upon the public debtors and upon the priealc debtors among the land-owners. In the -former ease the creditors received all the mon, y that they were entitled to, and one-half of the value that they were entitled to. the fact of their being credi tors furnishing proof dint they possessed the power of subs 'hitting to this privation without absolute ruin. Bat in the bitter ease the debtors are compelled to repay old, the *me quantity ig - money whirls they really owe, but fall doable the spiantity of name which they really owe, without any re gard whatever to the important question whether they possess the power of discharging their doubled debts or not, the fact . : of their being debtors furnishing not the smallest grotind of Surmise that they will retain possessed of unc- huff of their just property. after repaying rattle equal to 40,. in the pound upon their just debts. Many of the individuals insured in 1797, have long since passed to their paves: others have transferred their property into the hands of parties who have not equal claims with themselves ; and others have grown grey under the long ac commodation of their habits to the altered circumstances . which the Paper System had,imposed upon them. If we sup pose that one-tenth of these aged individuals are yet alive, and yet remain possessed of the respeetive credits which they possessed in 1793 and 1797, we shall probably be mak ing a pretty fair estimate ; and there can be no doubt, that these individuals have strong claims upon the justice and con sideration of the country. It should n9tbr forgotten, however, that when injusticeltas been long (committed. and new circumstances and obligations have been suffered to grow up under its effects, which other wise coted not have arisen, la this case, it often renders ue cessary still greater wrong and injustice to be committed,, beftere it is possible to remedy the former. When the Public of Privste Debtor of 1797, by some strange operation which site could not understand, found himself eased of his old bur thens, which become diminished one-half in weight and value, be was naturally heinced to contract other obligations, and to make other arrangements, which he otherwise would not shave done. Finding himself in possession of More wealth than he expected, lie world of course commit the more readily to the imposition of new Taxes, and to the increase of any monied obligations or encumbrances. In making any family arrangements, he would necessarily charge his estate: with correspondently greater buttliens. lf, therefore, the Legislature adopt new and unprecedented measures, which ' lead to permanent consequences of this kind, they cannot pos sibly at an future period redress their original errors, with out committing far greater injustice in attempting to work , such redreis, than in suffering the ancient wrongs to continue ' noreitressed. Nor. indeed, is the nation much in the habit of making any great sacrifices with views of this kind. Whenever private interests happen to clash with great public messities, the nation is not much in the habit of regarding the ic l uries which those private interests sustain. At one period. 10 millions of British property are confiscated by Orders i:: Council. At another, 10 millions were sacrificed by Declare duns of War. These great measures are deemed - neces.sary to the interest or honour of the country, and the injured parties are left without redress. But waving all con • sideratir. tts of this kind. I am willing to ailow that the indi viduals injured in 1703 and 1797 have claims upon the na tions' justice which ought to be attended to. What then Is the amount of these Claims ? Why if one-tenth of them con tinue in exi tense, and remain possessed of the credits which they pus ed in 1797, the whole sam which we have to pro vide 44 4 fo hein is about sixteen millions sterling ! ! Here thhn is an act of madness, unparalleled in the histbry of nations ! For the sake of restoring 16 millions to ear set of men, we are at this moment robbing 619 millions from another set of men, and are giving this enonnous plunder to a laid set of men. who hare no claims xpon if !! And this only In two branches of our social system ! And we are told that we must not " tamper with the currency !!" At the very moment when this tritolcsair tampering is in progress, whilst It is as yet. but just commencing it's career of ruin, we are coolly told by the very men who are conducting it, and who are profiting by it, that ire mast on no aceonnt '• tamper with the currency." The audacity of this uouduct is certainly enough to try the temper of an angel. Why, who wishes to " tamper with tAe currency!" I have no such wish. lam emitmit to leave the currency as it is. with Bank-notes for a legal ten der, in the same state, and of the same value as I have known theta ever since 1 was a child ; or I am content to form a coinage depreciated in the same degree as the Bank-notes have been depreciated on the average of twenty gears. Is there " any tampering with the currency" here! It is they who are " tampering with the currency :" it is they who are at this moment in the very act of affecting a secret and fraudulent change in the currency, which laughs to scorn all other changes that ever were effected in the world before, which literally doubles the national debt, and every other debt, tax, tithe, rent, and obligation existing in the kingdom, without regarding fur a moment whether the unhappy millions who are thus plundered. without money and without mea sure, have power to endure such wholesale confiscations or not ! And wonderful it is indeed, Sir, to see the pertinacity with which men cling to this week, and vi irked, and mon strous measure. When they first brought it forwards. they, conjured up a hundred delusions for the purpose of cloaking its disastrous and mortal character, and now, when that mor tnl character is laid hare to ell eyes. they conjure up a hun dred other delusions for the purpose of presenting its being abandoned ! They firm frightened us out of our very senses with all mintier of calumnies against the paper system. al leisting that it ass fraught with some tremendous prieci pies of national ruin. which they could not, indeed, explsln or describe. but which appeared the more awful from the very. obscurity which surrounded them. They then told ug, that although we had made use of this estras agent system fur more than 24.1 years. mid had been enabled be its means, to contrnct two thousand millions sterling of public and private monied obligations, which could not otherwise have been contracted, yet there 18145 no diffiettlty at all in our repay-. ino these enormous obligations without aid; that we could not indeed have erected such a prodigious superstructure of public and private confidence, without the assistance of the I . :• THE STATESMAN paper ~ y,t on, but having once erected it, we Might remo the inundations, without the danger elf a fall ! Wien we remonstrated at the absurdity of this, and contended that in our humble judgment, it was more diMcult to repay debts than to borrow there, they assured as It was quite a mistake, that we might make ourselves perfectly easy, for they were really doing nothing in the way of injury, but ' merely Tinning things In a "prosperous and healthy state," which would give us greater happiness than we could either desire or deserve. When we doubted the charac ter of this •• prosperity," sad •hewed them that debts and taxes payable in "Jute monnoic" were heavier than if payable in " foible monnoie," they assured us that it was a mere question of 4 per cent., that at the very worst, :they were only increasing our bnrthens 4 per cent.! or just • • squeezing" " the merchants a Wife." as one of them cx.- presAol it to a friend of mine., And when we egain remon strated with them, and proved by unanswerable arguments, that they were literally increasing every tax, tithe, debt. rent, and obligation iu the kingdom full cent. per cent. instead of 4 per oott ; they affected to laugh at such a wild suppo sition ! as well indeed they aught, for never before in all this world, w•as any thing at once so wild and so true! Hut when we persisted • and proved beyond a doubt, that however wild and monstrous it might be, yet it was positively matter of Jart ; they then told us with seeming complacency and int ' concern. •• well, well, if it should be matter of fact, there Is still no danger; the wisdom of Parliament has gi een four years for the trial of the experiment. and ir it should turn out, as you say, there is plenty of time allowed to reconsider our measures and retreat." The four years are •now twarly chimes . .. It has turned out as we said. There is no man now who has the confidence to deity, that under the old rurasure, the prices of property and labour will necessarily again go back to the old lerel ; that they will be permanently reduced to the level of 1791, which i. SO per cent. towel than the level which existed permanently during the war, when the existing obligations of the country were contracted. Every debt, tax, tithe. rent, and obligation. in the kingdom, is thus liternlly doubled, it commands and takes away from the pub lic. just double the mine that the public ever received, or ever contracted, or expected to repay. Hut instead of •• re considering our measures with a view to retreat," the very men who h .ve lured and deluded us in this way, have now the sailaeity to turn round upon us, and tell us that it is too lute to retreat ! ! that contracts have been formed since 1819, and that we cannot go back without violating all those contracts.'! _ . Patience ! Gracious Heaven ! Well may Mr. Canning recommend patience to this plundered and insulted nation; for never, in the history of the world had human nature so much occasion for that virtue before ! Your Renders must not be alarmed, Sir, at this new &f -atuity whirl' is started by the Jews and tiwirabetts rs. It it a mere invention. for the purpose of securing their plunder from the national justice. and has not a jot more of truth or reason in it, than the numerous other delusions .which i have already expose I. As I have stated hefore, a hundred delu sions were conjured up .to obtain the plunder; and now a hundred others are being conjured up tq secure it. It Is all In vain. The plunder is too great to be secures! by any pos sible means. If the Jews hail been moderate in their plun der, if they had only attempted to gait' 3 per rent., or 5 per cent. or even lOperct. anon their just Halms, ult:cli their Ad vocates repeatedly assured as, was all that they had in view, they might is this case, have been tolerably secure. Hut to exact cent. per cent. plunder upon every tax, tithe, debt, rent, and obligatiou in the kingdom, is imposing such an enormous treasure upon the country, as is quite sure to disappoint its own object, and to blow ep the whole system of Society in the end, scattering alike both tlieJews, and their plunder to the winds. The Jews may be assured that their true interest is to be content frith their own ; to be content with reed sing the same sums of mosey, and the same yroportions of the national prope►ty* and labour, as they real) , advanced to their country. Tits is their. just right; and in this just right they are securve: The nation as a public debtor, and the great hulk of alb. private debtors, nre amply prepared to redeem all their jest obligations in full. witt.out the aaatement of • single farthing by way of Jitrour. All that they require, is, to have their obligations measured in the game money in which they were contracted; or in any other kind of money depreciated in the same de gree. Out if the Jews are to persist in exacting payment in a species of money which commands double the value that they nre entitled to. it is quite certain in ibis case, that such atrocious c niuct Atilt terminate in their.own ruin. The pri vate debtors will become insolvent to their creditors, as the bowers are now becoming insolvent to their landlords; end the tuition will shake off its paidic buirthent, as *strong mean shakes off the %Woes of the night. With regard then to this near sophistry respecting " Con tracts formed Shier 1519," It is evident that the great bulk of all such contrails, have been formed upon the war prices; or founded up" u the war habits and calculations.— Upon an average, it may he safely assured,thnt not one exist ing coirract in ten is yet accommodated to the metallic level. When the valnations and calculations Of a country have been ideal for 20 years, and when the living generation of active men, have been bore and bred up, or reared to manhood acdadviinmd age under the effects of those cal eulations, and all their habits and associations have been formed upon them; it is not the lapse of a few years which will break down all these mental Barriers, and ace:memo date the valves and obligations of society to an ancient and forgotten standard. The whole mass of society is interested against it. and struggles in every sinew to arrest its pro gress. The advance of contract,: follows quick upon the general advance of prices. because competition among the debtors enforces it, and there is no Barrier to prevent it. Rat the general reduction of contracts Is slow to follow the general reduction of prices, because the debtors cannot escape from their thraldom, and the lam continues to en : fo•ce the contracts long after the circumstances which occa • sioned them hate ceased to exist. It is not mad the pre sent generation of active men are brought to ruin, or to the very verge of ruin, that the bankruptcy and outcry of the unhappy millions, who are thus plundered of their property and their industry, can compel their oppressors to relax their grasp, and submit to the very same ruin themselves from which they hoped to escape by the ruin of others. 'fake for example the Contracts of Rent. In scarcely on► single instance have these yet been reduced to the level which the old metallic standard, combined with the new tax ation, must ultimately impose. L otd Fitzwilliam has given up 40 per cent. it is true. But he must give up another 40 per cent. before this level will be obtained ! In the mean while his tenantry roust die by inches. But nine-tenths of the Landowners have not y et reduced their contracts of rent at all ; nor can they reduce then without being ruined in so doing. 'Flury have eontented themselves with merely giving back, from time to time. lO or •Itl pr r cent. by way of boon or charily; still keeping their grasp upon their tenants' throats ; in the hope that the plundereasiretckelwill he able to pay in future years, what they cannot pay in the present vest. The absollite contracts, therefore, remain still the same as they were in ISM or evervas they were during the war, or very nearly so. In hundreds and thousands of is stances where the old tenantry have stink under the pressure of their war rents and obligations. nem victims hare rushed forwards to occupy the scarcely vacant farms at unreduced rents! Men cannot in a short time be brought to believe, that the.indielous cultivation of the earth, can possibly he attended with loss! Mill less can they believe that this is the necessary effect of Legislative enactment! It appears leo wild and monstrous a dream to be deemed possible. 'they think that the more long end terrible have been the sufferings of Farmers. the mere sudden and certain will be their future prosperity. They are therefore still ready to take farms, upon such terms as they are to be obtained, some of them acting under the hope of what are called "remunerating prices," which the Legislature has continually held out, and pledged that they should re ceive; and othere preparing rattier to die with " harness on their backs," than to linger out their lives in idleness, in order to die in a ditch at last. Tile stocks of their un happy predecessors too, who have been forced by thou sands, to become sellers of labour, indeed of buyers of la bour, are generally to he purchased at about one half or one third of the prices, which men's habits suid calculations, hove long been accustomed.to consider such stocks to be worth. Alt these circumstances together, combined with that natoral love of industry, or rat 'Cr necessity of being employed, which is !weenie of o:are in the English 'twee ter. and which is perhaps the best and most import ictiia tore iu any character, induce nem rietims to start forwards in the race of rain. quite as fast as their predecessors fall. It is in this way !het the contracts of rent, whether by way of least., or otediftt is called rack rent,or anneal reet,ere yet kept up nearly at the war level. Although the absolute re- r~ ".•• eeipt of rent, begins now seriously tip fall GM yet it is pro ' !sable, that the absolute contracts of rent, have not upon the average been yet reduced more thin 10 or 20 per reht.--. Nor have the tenantry indeed any power to escape from the ruin which awaits them. Even the rag rent tenants are equally bound with those that are held by lease. They have ill of them been turn*d on until they have gone too far to escape. If they attempt to leave their farms, the wh ,le of the little property which may yet remain to them. is to a certainty swallowed up in the removal. And they have no place of refuge to Hy to. Ruin is before them. Ruin is be hind them. But hope is before, and despair behind ! There fore they go on. From these considerations it is evident that the con►racts ofrent would not be injured by a retreat. They would, on the contrary, be protected and secured on a just and equit able footing to all parties. [To be continued.] PRICE OF STOCKS THIS Runk Stock 2381 37 64 3 per Ct. Red 74i11 I 3 per Ct. Cons 3i per Ct . 44 per Cents New Fours 941 5 per Ct. 1797... Long Ann l9l Imp. S per Ct.... ...... Trish S per Cents DAY AT ONE O'CLOCK. India Stock . Ditto Bonds .. 242. tOs. pm. South Sea Stock South Sea Old Ana Ex.Dlll.2d. z e Ss pm . u►uut. a 129.8 s pm. Small a 12s Ss pm Con. for a ect Lottery Tickets .... 221. 19s Rite Abtattontan. TUESDAY EVENING, FEBRUARY 25, 1923. BOURBON WAR. Our readers alionhi bear in mind, that they rinnoi with safety, believe any thing that is contained in the French papers, ard, any thing that our trading news papers pretend to get from Spain, is, if possible, still less worthy of belief.—The rising and falling in the French funds is caused by the backward and forward rumours that the government of that country contrives to give counte nance to ; and these are, doubtless, for tie purpose of enabling Frenchmen to dip pretty deep into the pockets of our Jews and Jobbers. We have little doubt of the fact, that the French, before their army cross the Py rennees, will hate drawn, by means of stock jobbing, .from eight to ten millions from this country. There is, perhaps, no such thing as putting a stop to tb:s without onvgoing to war. Then the French can work us in this way no longer. But this is like setting a house a ' fire to get the dry-rot out of it.—There will, to a cer tainty, be all sorts of rumours going on, until the French than actually bare marched into Spain ; and that, from natural causes, will, ue dare say, be delayed till towards, the end of March. But, a more important subject, is the intentions (with regard to this war) of ; ilk -A • • 4 • • •0 et I . 0 .__ l e PARLIAMENTARY COMMEAMIY. IN rite. 14..parni. —Lunt Aulllet6 a petition from the Coußty of Hereford. This 31r. Churl tri's prtition.—The plers tell us that he detailed the circutn sinners which tussk place at thr meeting; and the Clary- nine say , which were stated at the time in ear report." They were not stated at the time in th.t rr l art. That report was a false report; and we are very sure that Gerd uiwrs did not tell a lie. His Lordship, in the coarse of his speech, said, that he did not advocate any measure that could affect public credit. He took, in short, the old tone about national fai:h; bet, he expressed ait opinion that the funds ought to pay part of the poor rate*. Now, turn and twist matter as you pirate, this is a reduction of the interest of the Pat. His Lordship must mean that there ought to be I claw:time from th; dividends; in order to talc: the money and give it to the parishes; and what is this but a reluc ion of the interisr of the Debt ? lie observed on the great sufferings of land-holders : he observed lio.v nrstegagee, and settle- nicnts, were destroying the Litidlords. This is very :rue; bet, besides that ibis was nil fdireseec mod &Moll by Mr. Cohbe : t long ago; what rc.friedydlos his Lo►dship point out ? And idiot remedy is there in the world, cept returniAg to tlte Paper again, or an atljnstaalut of contracts?? To one of these we moat come; though people talk of national faith till they be hoirse as OUR MINISTRY. We yesterday stated how they stood as to the Orange• Question. Much will depend upon the bottom of Mr. Puri.. If he were to make his stand upon no popery, he would carry the day decidedly. " Peel and no popery,'" and about half a ton of chalk to unite the words on the wa'ls would pretty soon bring his adversaries down. But then, they have the war question in their favour ! And, that man must be blind indeed, who does not see the cause of the blandishments between Mr. CANNING and Mr. Bnoecnam, and does not see to what they tend. Surprizing drawing•nigh unto each other.— Will the latter not take care to snake sure of his ground, as he draws nigh? He will hardly leave himself expostai AD be unceremouiossiy peaked of again:' And yet, witiratt the blood of all the Lowther: bear it! —Faith it is ticklish work!—But, the landlords are so eager fur war, so eager to be able to pay qr their debts honestly, that we are inclined to think that Mr. Peel will be bea'en, unless he give io to the nat.. If be will agree to go to war ; then we think he will have a complete ! triumph. " .No Popery," and half a ton of chalk, would do his businass in a trice.—it is not clear, how ever, that this war, if it should be undertaken, will be a very successful enterprize; always excepting the means that it will give the landlords of paying of the Jews honestly; paying them, according to Mr. Hume's wish, to the last shilling; making no reductions of interest of debt; nu tax upon the funds; and no more reducings of liv, s to fours and fours to threes ; but a real paying off, in full tale, of good hard paper money.—lt would be worth while to go to war, for a couple of months, or even for half a year, for the sake of obtaining the means of making this honest payment; and this, Mr. Bnoucti m, who is a great fielosopher, knows very well that the landlords pray for, Jay and night, and every day and every night of their lives.—Our opinion of " no popery" is so great, that we almost think that if it were at once brought_ out and vigorously played off, it would stand a fair chance, even against this ardent desire to make ho nest payment; this unquenchable thirst after the wans of paying to the last shilling, with which thirst the land lords are now actually burning up alive. And, if Mr. Peel will but give in to the war, if be will but cry out " war" and " no popery" too, be will be the man to as sert it.—With regard to the war itself, viewed in any other light than that of honestly paying off the national debt, we think there are many inci dents that might arise out of it, that our pretty, gentlemen do not see. We shall not state these at present. We n u lerstand that the King of France; at least, there is a rentone that the King of France, has written a letter to Lord Liverpool, on the Speech of Mr. Brougham, that of his Lordship, thatof Mr. Huskisson, and that of Mr. Canning. If this be tree, we are almost sure that Iris Majesty the King of France will take an opportunity of pointing out the probable consequences of such war. The letter will, it is said, appear in Cobbett's Register nest Saturday. We shall know more of this to-morrow; and shall not fail to make a communication to our readers upon the subject. We have seen the King of Bohemia writing to Mr. Canning; and we ran see no reason why the King of France should not write to Lord Liverpool. We ear•, besides the strong desire of the land - , lords to pay the fundholders to the last shilling; we see the stronast reason for the anti-orange party to take the side of war, if the orange party take the side of peace. But, it is possible that the orange-party (finding- the ery of " war" will be opposed to the cry of "no popery") may adopt the cry of " tear" too; and there the thing is decided at once.—lf the orangeapratrri could be ar- ranged. If peace could be re•tured in Dublin, we should think, that, after all, the French might be permitted to take quiet possession of Spain. PEACC oR WAR.--Lord Lansdowne asked LorJ lafrelk pool whether a hope still existed iu the minds of Ids Majesty's Ministers, that peace between France and Spai ti , would be preserved ?—The answer was by Lord Live,• " pool that "special tircu»istances had cisas, and *me " of them recently, which made him more dee►se Mots "at the time when the Pariiament opened, which ren- " deredit more necessary thug ever to refrain from any "discussion of this subject."—Let any man make any thing ont of this if he can. Is Tun Costsioss.—On the pxsen:ing of a petition praying for a repeal of the JOrcign en:is:meat bill, M-. Canning took occasion to observe that it was desi raid to avoid all discussion of the subject of the dispute oh the continent. Then there come these words: he could only say, that, " while there existed one ray of hope " of the averting of hostilities, it was not time to go into " any debate on the subject. lie would t i orther state, that " there were peentiar neguriations pending, and he was "sure that the Hon. Gentleman would not Trish that they " should be broken off. Ile felt it jus ice to add, that in " pursuing the line of ',die.; whi,:h pi° u;.ed the a;ipr " bation of the Hon. Gentleman, he owed much "to the forbearance of the House."---Now, in additien to this, Lord Althorpe's moti in fur a repeal of the Foreign Enlistment Gill, which motion stood for Thursday nest, was put aside altogether, or, rather, " postponed generally tor the present;" and it is very curious that thkin the absence of Lo-d Althorpe, was done by Mr. Bitunomat!—This agrees perfectly with the speech at the opening of the Session, with die speech the other night about the four thousand sailors, and with something else which is is rumoured, and that it must delight the Lotethers to hear of!—As to the ques tion of peace or war, however, here is nothing celled. We suppose that there is some negeciation going on to prevail upon the French to stop their march upon c ondi- Goa of the Spaniards giving rp their constitution ! Vl' by, the French do not care a cone about their coasti union. They care about nothing but our cannon; and it depends wholly upon what they think about that eat,- non, whether they Scoter Spain ur not.—Probably they may wish for another mouth or tots of stsayk-irieleing before they march. ORANGE DISPLITI.—Mr. Brownlow moved for pipe's relative to the late prosecutions in Dublin; and some pretty warm work took place. Nothing, however, nay determined on, except that the discussion relative to these papers should precede the discussion of what is called the Catholic question. The friends of Mr. Peel and Lord Manners seem determined to bring the thing to issue. Mr. Maurice Fitzgerald insisted upon it that the sooner this was done the better. He said that the tran quillity of Ireland demanded the prompt interposition of Parliament.—lntleed it seems impossible that the Cr - verument of Ireland can go ou without an in:erposi.ion of some sort ur other; and we cannot see how the interposi tion is to take place without putting out one part or other of the Ministers. We cannot help observing upon the great partiality shown by the Morning Chronic* as to this matter. Mr. Drownlow row to more for cer tain papers relatii e to the late pr. secutiors in Dublin; and what head or title does the rnitier that the Citron/depots to this part of the proceedings Why, "ORANGE OUTKAGES." 'lbis is the title that that paper gives to a motion intended to show in what manner a certain number of Orange-men have been prosecuted. The prosecution was, at any rate, somewhat unusual; but to give to the pruteedings on the motion such a title as this is contrary to every principle of fair play. We do not approve of the treatment of the Catholics by the Orange-own; but we disapprove deci dedly of foul play like this towardsany body. We always thought the prosecutions it Dublin not the wisest that could have been imagined. We said so front the icy beginning, arid events certainly hare not altered use opinion. We imagine that little will be done in Parliament. until the question of peace or war be settled. That gees lieu, may, too, be very much affected by the Orange question ; but until th'e war or peace question shall he settled, nothitiv; of much im portance will h e dme . b , ut the taxes. The petitions win .h pray for an adjustment of contracts, which adjustment must necessarily incide a reduction of the debt, might very conveniently be de layed, until after the war or peace question be settleds.he rause, if war be resolved on, the goal hard paper money must come our, and wheat will soon be twenty ur thirty shdlings a bushel. ravens. DR. O'MEARA. We ghoul/ have inserted to-•lay the extract from the Quarterly Review, which extract we spoke of yesterday. But as the Review says that the original leitcis of !he Doctor are lodged with Mr. Murray, to be %boon to whoever may wish to see then., we wished to •ee them first; and accordingly made application for that purpose yesterday ; hut could not see• them owing to Air. Mur ray's absence. We shall, in all probability, see• 1411$ day, in which CASP, the extract still be insetted to-mor- row. STOCK EXCHANGE, HALF-PAST TWELVE O'CLOCK —• The intelligence that the Royal Family of Spain Gad kft Madrid for Corunna, has caused great surpr.so in the City this morning. This step is attributed to the inter ference of the British Government, a hu may nuw say to the French, and the other Continental Powers, that the King of Spain is placed in security, and under the eye and protection of England, and thus du away with the pretext of the French Cabinet to enter Spin. Co' • sole opened this morning at 7:11 - ,t1, at nhich price they are at present, with little business doing. To-marrow he ing settling Jaya: the Stock Exchange, very little lluetm 1~~ 1 2 - r . 1 It .t I I c 1 1