The Statesman. — London, England, 1810-09-11 00:00:00

; 1 i i i l 1,. I 1 E M in which Muck worm pays the money so lent, and in what sort of money it is that he pays. But, fur the sake of simplicity in our illustration, we will suppose hint to pay su real good money, and to pay the whole million himself at once. Well: what does Muckworm get in return ? Wby, his name is written in a book ; against his name is written that he is entitled to receive interest for a million of money ; which book is kept at the [link Com pany's house, or shop, in Threadneedle -street, London. And, thus it is that Miickisortn "puts a million of money into the Fundy." " Well," yea will say, " but what becomes of the money?" 'Why, the Government expends it, to be sure what should become of it ? Very few people bor row money for the purpose of locking it up in OJT drawers or chests. " What ? then, the money all vanishes; and nothing remains in lien of it but the lender's name written in a book Y" Even so: and this, my good neighbours, is the way that 66 money is put into the Fisndt." Bet, the most interesting part of the transaction remains to be described. Muck worm, who is as'! wise as he is rich, takes special care not to be a fundkolder himself ; and, as is always the case, he loses no time in selling his stock, that is to say, his right to receive the interest of the million of pounds. These funds, or stock, as we have seen, hsse no bodily existence, either in the shape of mo. ney, or. of bonds, or of certificates, or of any thing else that can be seen or touched. They have being merely in name. They mean, in fact, right to receive interest ; and, a man, who is said to possess, or to have, a thousand pounds' worth of stock, possesses, in reality, nothing but the right of receiving the interest of a :hansom( pounds. When, therefore, Muckworm sells his million's worth of stock, ho sells the right of re. ceiving the interest upon the million of pounds which be lent to the government. But, the way in which sales of this sort are effected is by parcelling the stuck out to little purchasers, every one of whom, buys as much as he likes ; h e has his name written in the book for so much instead of the name of Muckworot and Company; and, when Muck. worm has sold the whole, his name is crossed out,. and the names of the persons, to whom ho has • sold, remain in the book. And, here it is that the thing comes home to our very bosoms; for, our neighbour, farmer Green. hors, who has all his life long been working like a horse, in order to secure his children from the perils of poverty, having first begeottised his farm to his son, sells the rest of his property (amounting to it couple of thousands of pounds), and with the real good money, the fruit of his incessant toil and care, purchases two thousand pounds* worth of Ivitickworro's Funds, or Stocks, and leaves the said purchase to his daughter. And, why does he do so ? The reason is, that, as he believes, his daughter will always receive the interest of the two thousand pounds without ante, of the risk, or trouble, belonging to the rents of holm or land. Thus neighbniir Greenhorn is said to have " put two theessed pounds in the funds ;" and thus his daughter (poor girl!) is said to "have her money ix the funds," lien the plain fact is, that Muck worm', money has been spent by the government, that Muckworm has now the two thousand pounds of pour Grizzle Greenhorn, and that she, io return fug it, has her name written in a Book, at the Bank Company's house in ThreaJneedle.street, London, in consequence of which.she is enti'led to receive the interest of the two thousand pounds; which brings us back to the point whence we started, and explains the whole art and mystery of making loans, and funds, and stocks, and national debts. It will be very useful to show the effect of this " putting money in the funds," with respect to the party who is said to put it in. Idu not know of any 'duty more pressing upon me, than that of showing, in this plait' and practical way, what have beau, what are, and what must be, the consequeoces to those, who thus dispose of their property; espo. I cially if they have no property of any other sort. But, this will be found to belong toanother part of our subject ; and, as we have now seen what the Funds and the Stocks really are; as we have blown away the mist in which we had so long heen wandering ; as the financial Ark is now no more in our sight than any veritable box made of deal boards and nails; as we are now satisfied, that there is nothing mystical in the words Funds and Stocks, and that, so far (rem meaning a place where a great quantity of money is kept, they aro out the name of any place at ell, nor of any thing which has a corporeal existence, and are the mere denemsuations, ur names, of the several classes, or parcels, of Debt, which the goecrumeut owe" to individuals: in short, as we have now, let us hope, arrived at a complete knowledge of the nature and origin of the Faeils, and the Stocks, and the National Debt, which, as was bef.)re said, are, in fact, all One and. the same thing, it h time that we proceed to inquire into their progress, and to see how that progress is connected with the increase of the Bank Notes, and with the stoppage of the payment of those notes in gold amid 'Oyer. To do justice, however, to (his copious a.:(1 interesting theme, especially when eempled with what it will be necessary to say 84 to the schemes fur arresting the progress of t a.bt, will demand a separate Letter. In the wean crbile, I am, with perfect siooerity, your Wilend, WM. COBSIA T. 11;nte Prison, Newgatp, Th+ifidah Solitember, IN tn. Yesterday sennight. four ewes and one ram, of the true Meriuo breed of sbecp, from his Majesty's flock at t;uslieiu,arrivetlaticaleHall, near Lancas ter, the reikidenee of Mr. Stainbank, fur the pur pose of himself and Mr. Dunbigifin trying esperi- ' u,ients (in those excellent breed.. 1 hey, with others, have v.t pretty far North in this country. NontuAuprom E4ecTioa.-0* Fri.lai last, a tcsisectable meeting a the inhabitants of this place was held at th • Town 11411, for the purpose of no. niinating a p::rson to represent this Boruugh in P4r liikuscsit, in the room of their loan Member, the Uon. Enw %ID OOUVERIS, WhOti WIN. 1114148CiT ) Q( Keltuardi, Esq. was put in nomination, sad re. wired the unanimous approbation of the meeting. H o wtp pr sposc,l by Dr. KKR', and iecunded by Joe. 11,41. i., Esq. w hen Mr. &NUM T declared 41141 opt 1n4ePe64604 ritte i p j 4e4 4 11,4 4 ciyaic4cd *444!x7 The Proprietor of TITS SrArtsstAN being sails. fed that the most base and dishonourable means have keen used to obtain Subscribers to a Near Evening Paper, in London, by repre;enting suds Paper lobe either a branch of, or a substitutttfor s 1 ? rrs SrtrEsiLem ; and being informed thql eat Agent is gone to Ireland, with a vino to extend the circulation of the said Nem Paper ; he tames this method to guard his Friends and Beatles of THE STATESMAN against any impallion that may be attempted to be practiseduposthem. Ai dived. Matto. AM& 9 O u t 0 o .• ••• • • ••11 • WitterfOrd • • W • ,• • • Liana C/MWS lie • I VIC len UYS rocks coil* OA It AT ON K O'cl A tiCA, 3 per Cent. Red. (shut.) I SI pee Cent. Cons. 87if • Onsnium dls. THE STATESMAN.. LONDON: TUESDAY ) SDETZEISEIL 11, 1810. . , Vies have this day received the following impor. tant Letter from Dover, and are unable to conjec. tore what could give rise to such extraordinary conduct towards the American Secretary. Dor Ea, sere. 10.—Tbe lag of truce which salted yester day morning with the America. Secretary of Legatioe,,fil r. Pow cr. r., for Calais, returned this afternoon with that Gen tleman oil board, he having been refused permission to land either at Calais or Boulogne. On the arrival of the tiog Of truce of Calais, a shot was immediately fired from the shore to prevent her entering the harbour, but the Americau Secretary eat being intimidated, continued abreast of the harbour, when at length the Commissary, &c. came otf and informed him he must in no wise !Melilla to enter Calais, nor would he permit any person or dispatches to be landed Prom the vessel ; and at the same time assured him, that unless he immediately set sail for England the vessel would be tired into, and he would not be answerable for the consequences. Notwithstanding the unpleasant reception Mr. Pow ELI. ex perieeced at Calais, he was resolved not to depart witneut a second attempt, and accordingly directed the Master of the vessel to stand for Boulogne, and on reaching the fiptbettr , there, was received in a similar manner with assur:ors,.at . companied with shot and shells, and a rapid retreat aloe& siwed them from a watery grave, as the shut fell about theta in every direction, but luckily escaped with'ut 3ustailaing any chaise-fie. Letters and Papers from Paris t the sth , init, have been received. The former Mate o that the French army hare raised the bluckatk-of'Cadiz, but are silent with respect to the suthegaentoove. meats of the enemy's force. On Sunday last, the Deputies from the Caraceas had an iateniew with the Marquis WILLESLCT I at Apaley.House, preparatory to their departure for South America. They proceeded yesterday to Poasmouth, in order to embark ou board a British vessel of war. the Deputy from Buenos Ayres and General MIRANDA had afterwards interviews with the Noble Marquis, who, io the eveniug, proceeded to the sta. coast, for the benefit of his health. The Princess Attgatla packet, Captain Foist, arrived on Thursday at Falmouth, from Messina, which she 'often the 28th July ; touched at Malta, and left Gibraltar 16 days ago. Captain Feast was honoured by an interview with Sir Joum Stu- A Jur, at Messina, and informed, that the French army on the opposite shore amounted to 47,000, of whom 14,000 were sick. The shells thrown by the British freqnciitly fell into the enemy's camp. The French General is in the habit of sending over his proclamations, inclosed in tho hollow of canes, and set on float ; some thousands of his threatening and cajoling papers have been picked up on the aborts of Sicily. The French army expect the Tonlon fleet to come and convoy them over to the island : —Thu British ships of war there, on the 38th July, were the Canopus, Cumberland, Victorioui, - Warrior, Thames, Success, Termagant, Weasel, Swallow, Pilot, Bastard, Halcyon, and Daiiza. mishcs are frequent with the French 'gun-boats ; and in every instance the enemy ims.lifso -beaten or put tonight. A. groat many more letters from the Spanish ?Mi.,' 'Listen of insert; to the .Freitili Ministers °f .NA,. p o m m y, and to the Ddke Fgo At are'said to hate been intercepted. migte,.... , 10: - .01. some from the. French GasiCiels in Spate.alsey.are or the same complexion as the former; :4 - ,161 . 14t0t giting a specimen, as we hue dune in some of ear. former numbets, it it a fOklytp continuetise 204. - cation of paparaof eu doubtful a omen. N • We have ibis day jiven a second Liii4ae. or Mr. 1 Coast:Teo from his Political Itegistarl p ....ot Satur. day last, addressed to his Friends and Neighbours' iti the Caentry, upon the very important subject of placing money in the Foss; and we are sorry to admit there is too much truth in the picture he has drawn of our national embarrasstneuts,-.. In fact, it is impossible for any impartial and dis. ccrning man to deny the ;statement so clearly made oat ; and we recommend to those Ministerial Pa. pers t The Morning Post and The ' which are in the habit of condemning CossZ pat to at. tempt to blast the character of a !swot whose writ e ings arc in general calculated to serve bis country. -........ h p)* 7 v'si• - It is menthited in the Penang tillevialle itt the 17th February, that a dreadful euniageatitterbruka out at ltanjuon, in an arrack shop, tad which de stroyed windy 7000 houses ("sit of wood), 'raving cssly gli beildiass.its44l4lll64lo lowa, . EcTcril ?mow to=t fly* lAici. . „ ' ' - THE MtiMIAN. - ~ •,;,•. - If it be painful sometimes to a man to do hit, duty, that is but a temporary pain, fur a duty faithfully performed always brings pleasure in the event, as well as consolation. We still nut `deny, 'that we witnessed the proccfetlings at Covent Garden Theatre, last night, with a great deal of anxiety and uueasioess. To hate an opinion, on any subject, contrary to the general, and almost universal sentiment, is matter of no pleasant sense.' lion to those who have sincerely sought to serve the Public, and deserve well of it. But even. if this were to occur, duty cannot yield assent to the pub. lic voice, if unconvinced, and uninformed, by the conscience. We arc not, however, seduced, we, believe, to oppose a universal, nor even a general teeing. Last night manifested, certainly, that there are some who disapprove of the conduct of the Managers of Covent-garden Theatre, in not fulfilling the letter of the Treaty. But it by' no means spewed, that thereare many.. If this din. v approval were general, it is scarcely possible that the opposers of the Theatre last night should have so few, in the Pit, the grand scene of their intended operations. To look closely at what passed last night, the conclusion would be—that the opposition was such as a new play often encounters, when very few In the louse take any ,concern in the noise, ' and sometimes even when the generality of the au dience are favourable to the prodection. Is very few persons can totally obstruct the qniet per. forming of. a Drama, even when the audienite wishes for the quiet procedure of the Piece ; because, , the e very attempt to repel, and put J down the opposition, .adds to the tumult, and effectually administers to the . wishes of those who begin the confusion. We are not about to find fault with the motives of those who inter. . . rupted the performances last night, in order to ex. press their disapprubation of the conduct of the Theatre. Bet it is fit that their numbers should not be miscalculated ; fur, after all, we are at best 1 Crtilefes of sympathy and habit, and it will make, much difference in the success of an undertuk ing,w he. 'thee good or bad, to have it made known, or believed, that multitudes will join it. Now we are persuaded, that had the disapproval of the Manager's conduct been general, the oppositiOn could not have, and would not have, mustered so poorly as they did last night. We, therefore, conclude, that we arc not dissenting front a general public voice, when we say, that the opposition of last night was unjust and wit;enerous. The Proprietors of the Theatre had fairly put a case of difficulty, into which they were drawn, without the fault of either of the parties to the Treaty, but by the operation of the Treaty, in concert with a circuit). stance nut foreseen, and of course unprovided for. We allude to the powers given, by the Act, to the Managers of the intended Drury lane, to make Private Bores at discretion. WM the 0. P. Com mittee say, they would have restricted Covent Garden to six Private Boxes, had they known what would have been done by the Dtury.lane Act? Judging of their liberality, and the joy with which they hailed the reconciliation, we cannot believe so! But, wii.itever their individual feeling might be, when the circumstance arose, the Public was to be appealed to by the Proprietors of Covent Garden. It could not be meant, that the ihrms of retort. ciliation were to be the instruments of the Thee: 00* injury. Equity demanded that the Terms should be revised, and allowances made for 'nee. petted events. The same principle, and thesamejest feeling which led the 0. P.'s to their struggle, would naturally, if left to their duo influence, have granted what the Manager of Covent Garden did ask, even without waiting for the question. Lt is but to follow ill the better and purer part of 'the o'. P. impulse, to ,set the 0. P.'s right 'uaW ; right un 'the . side of, condense and generosity, as they were right before on the side of auger and indignation. the 0. P.'s have only to recellect, that justice mid. the. ground of their former quarrel with the Theatre, and that the very self-same spirit of justice will prevent a new one, in opposition to reasonable M . trioNts, pia fairly and candidly b e f ore t h e pu bli c . The Proprietors of the Theatre had a right to sip. posei they had received the sanction of the public, la. their present deviation from the plan of the . treaty. The Deese of the public, as to the concerns of a Theatre, cannot be collected,except in the Thee , ere. A proposition, coming from the Proprietors, cannot be banded about, or left at coffee-houses, I for signatures. lion then, could the Manager cot- Ica tbo Kase iif the Public, but as he dill ? And how is the sanction of that deficient, he having obtained it ? Ile took the moat conspicuous night ; he took a night of expectation, ,and when the The. atre was accordingly full. But hew was ho re ceived ? Will any one believe, that, if the gene. ral sense of the Public had been against the arrangement ho propesed, he could have hail no opposition (for it could not be called an opposition, what did happen, of, dissent), and that his proposal should be received with general and great applause? That is impossible ! And the troprietors had a right to proceed upon the new arrangement, and therefore Upton a deviation from the oh! one. (put there was Mare nctstskseeisce given to the now arrange. meat than what pissed At the Theatre? . If the 0- , ties* public !vice had been againit . it -it • • we not heard SO its public print ? The Public know bow to make their opinions known, and fe e . trendy. do so with very important results. Why not have mode them thus known, in the present question? if the Proprietors of the 'theatre had seen the objections of the Public i n print, th ey would certainlyh ‘ a s v i h t es h i a t anteedw arrangement. Wa s it well , and would sc arce l y h ave proceeded (Or the Public to lie by, to draw the Theatre into a snare ? Oh, no ! Nor could the Public do so! It cannot do so without forfeiting th.it• character fur which a British Public has been celebrated in History, and admired by contemporary Nations, A !Mash Public is sometimes misled, but never lung together, and never with peranscLous cruelty. We cannot, therefore, suppose this contest wilt eon. tinue ;- but if it does, we moat 'arid will give ou r aid to the party we deem to be injured., DUBLIN, SZPT. 8. —m o w— TRIUMPH trF JUSTICE, AND OF THE PEOPLE OF IRELAND. The High Sheriffs of the city of Dublin hive given their long.expected answer to the Reqoiciti o , fur calling a Meeting of the Freemen and Free. holders. Thu influence of the Castle has 14. eishcd before the justice of our country. Tk i hirelings of Administration have exhausted all that sources of malignity, and the Secretary himself has lust his usual persuasive powers. Neither intimi. nor calumny—neither courtly caresses ser convivial entertainments, could warp the ~u htical integrity of our honoured and Tuitions Sherds— and consequently they have appointed the day of fur the Meeting of the Freemen and Freeholders of the City of Dublin, fur the purpose of preparing a Pctilion fur the *peal of the Act of Union. —(Dublin Evening Post.) r.- - - N.JVAL IN 7% 4LIG4NGE. -.oww w . PeN3I.4.NCE, Selz. B.—Arrived last night the schooner Faint, Capt. Dove, of London, from - Cadiz, for Dublin, 'taken 3Jinst. by the L'Elitor French schooner privateer, from St. Sl a l om , corn . mended by the celebrated Capt. Alex. Black. The privateer had captured the same day the !lupe, May, from Mogadore ; Capt. Black gave up to Capt. May the Paine schooner, and all the Papers and Crews of both vessels,; but the Fame has ar. rived in great distress, having been plundered of almost every article ; the provisions kft were barely sufficient for tho exigence. of the Crews, The privateer bad taken the day before AMC, rican brig. Foveae, whose fall Is mentioned in so many of the public prints, and whose exile is now n °ferias, was originally" Clerk, officiating at the Maisen de Ville, in earth, before the ftevolntioo, and was by that means fitly qualified to preside over a l'es lice, such as the aeveral cabals that caroled Fiance since that period required. He lent himself successively tb ,siach of them, and was useful to them all, *ad by all rewarded and approved. 'the trial of Daniel /Iris will not take place at the ensuing Old Bailey Seisions, as the Magistrates have remanded hies pro forma for another exami e , notion in a month, ley winch time the Sessions will hare fiaished, in oidee that time might be given fur the apprehension of llarper s alias Snti44, and Roberts. The sscan of the name of Treble, who hung Moult at Horsham to avoid a public exeeutinn for forgery, was formerly a lottery uffice..keepiir in Clerken well, where he carried on the inssisance bu s sine's to a great amount, until the year 1802, %rhea an alteration in the drawing of the letter) iroin weeks to eight days closed his came. iic aftrrodrilS took to robbing the mail.euaches of parcels, %hick brought him to the end of his career. A shocking event occurred at Altlbrotsch. in Holderness, on Tuesday last, being the leati.day at that place. A young man, named Whitetteatt, ger. vans with Mr. Stabbings, of Preston, had sums time ago pnitl his addresket to the. slaughter of Da' jamin Ockletun, of Aldbrough, but had been dis. carded. He met with her at that place on Tuesday evening, followed her into the fields, while she Mit gone to milk along with her aunt, and on her rc• fusing to countenance his addresses, swore he Mould either have her, or make her that nobody -lee world. .He then drew out a knife, and stabbed her in the breast and throat several times, until Wm succeohli in wresting the knife from him, in doing whirls both her hands were much cut. The kuife alto threw • and wheel lie found he could not recover it, he at. tempted to tear open with his fingers the wounds ho had given her. Fortunately tho aunt havin4 run back to the town, sent several people to the spot in time to prevent him from taking her life; though she is yet severely ill of the wounds. The mae, we understand, had once or twice before threatened her life; but bore a very general good character. He has been committed to Yu* k Castle. The last week of tine weather has been higitif conducive "to the prosperous labour of our liv bandmen. It has completed the harvest in do counties the most backward, and the after-crop of hay, which has been exceedingly abundant, has all been inv.& disturbance occurred on Sunday night, the' 26th ult. at Dartmouth Prison, which uas not (pelted till the soldiers fired among the iimtmer'l several of whom were wounded. On Monday io ternoon a French priioner was shot Hiroo ;h tbc head, by one of the privates belonging to the N 0(• tioghans militia, on duty there. The poor fellow had thrust his head and shoulders Omagh the rod of the ptison ; and on refusins to get in, allot coiled to by the . sentry, the latter shot him. i3lgAil.,Tocre was DO court of Aldermen to 41V. The !Joao Mayon after impacting the PA- 1 I