The British Press; or, Morning Literary Advertiser. — London, England, 1826-10-16 00:00:00

LIVERPOOL COMMERCI,IL INTELLIGENCE. SATURDAY. OCTOIVER 14. We have had a very Ignited den:and for British Plantation s u gar this week ; the sales ate only about SOO Mids., and prices are battlq su p p arted. especially tor low qualities. No Foreign nor East India Sugar in the market. In 10011111eN the sales were only epunch.eons good Demerara, off the Quay, at 2lkt. per cwt. Some public salts of Coffee w re held during the week, but only .bane one-half sold-say about 200 casks--.at a decline of Is. a 2s. cvt , on the ordinary quality ; the finer qualities maintained then prices. In Cocoa. 100 Ma ga of Brazil have been sold at 365. tier cwt. ; be s a gs of Trinida d were ofi'ered by auction, but were withdrawn --the highest price offered was 46... it is held at 50A. per cwt. There has been some inquiry for Pimento, and only a small par eel sold, at :lid. per lb. In Ginger, nothing done worth recording. In Rice there has not been any s ale. la Rum, about PM puncheons have been sold, Jamaica and Demuur ,,, of good quality, to the trade, at full prices. In Aslits, the demand has been less than last week : the sales a re. about lOU barrels old Montreal Pot, at '2ss. lid. a 0 6s. 1 d. ; iroo barrels new, at 275. lid. a 28s. ; and 80 barrels old Pearl, at 94. a 275. per cwt. In States Ashes, nothing done, In Dyewoods the sales ate.-80 tons Campeochy Logwood, at 71, s s . ; 20 10t11 ordinary Cuba Fustie, at 11/. ; and 20 tons of prime, at 9/. 15s. ; 30 tons Nicaragua \Van), small, at 9/. 15s. . • large and rough , at IA 10s. a 191. 2s. 64. ; and prime solid at 23/. In Tar, 100 barrels Archangel have be:n sold at Ilks. per barrel ; and 1,3110 barrels of Turpeatitie, at 10s. per cwt. I n slides, 7,000 dry East India have been sold. and 200 Val lo ; we dry salts' Brasil. at ; 330 salted New York, at sid, rer lb. In Saltpetre, the sales are 309 bags, at 21s. fal. a ed. for ordinary, and 235. 641. a 265. ed. for finer qualities. We have some inqiiiry for 31adder Roots. A small lot of East India Safflower sold at 6/. Galls are neglected, as also Lemon and Lu ne jeire. A small lot of Persian Yellow Denies have ben sold, at 16/. In Olive Oil the demand is limited, and the sales were only some trifling lots of Gallipoli, at all, a 42!. ; and a few tuns of Messina, at 381. A small parcel of Sicily Shumac has been sold at Its. per cwt. Valonia in demand ::10 tons, Oared, but c,!in2ry, sold for 16/. 10s. No sales in Oak nor Cork-t.ce Bark. Viol , is dull and lower. Wheat in bond is steady : sales have been made at former tater. Cotton has continued dull through the week until the latter end, when the reduction of about Itt. having taken place, the dealand was better, but the holden not inclined to meet it. A public sale took place yesterday : bags Sea Islinds offered, of which 270 were sold at 12id. a 15d. per lb. ; besides which, the sales by pri. rate have been, 3.300 bags of Cyland Georgia, at Sid. a 7t 1 .4. ; *lOO New (Mena, at Gid. to Bjjd. ; 700 A/obelus, at 60. a 74.; 100 Set Island, it 12id. a lad. ; 70 stained Sea Island, at fal. a 101 d. ; :lit) Pernambuco, at Wild. a 10td. ; 30 Slaraitham, 94d. ; 500 Pattie. ut Old. a ; ISO 3linas Genes, at 52,t1. a fill,. ;30 De merara, at 91,d. a 10d. ; 7lO Egyptian, at a lid. ; 450 La p:Ara. at tiH i . ; and 5 00 Surat, at Sid. a 6.1.-being a total of about 7.700 bags. lirpotttd this week, 5.400 bags of C.e.tton. 21101'• INTERESTING AND IMPORTANT BIBLE DISCUSSION AT BALLINASLuE. t From the Goble Morning Rrgteler.l BALLINASI.OE, TUESDAY EVENING, OCT. 10. Little did we expect that the public feeling which had been so lately excited, and manifested in so strong and independent a man ner at err Catholic Provincial itleetir.g, would be so suddenly called into ection again But advertisements having been ported yesterday, calling s meeting this day, to receive a deputation from the London Hibernian School Society, conaisting of Captain Gor don, the Rev. Mr. Pope, and Captain Vernon—(eurre—Who is he it) it was determined on by the Catholic gentlemen of the might; nu hoed to attend and co-operate with Eneas 3PDannell, lie seii-known persevering antagonist of this Society. The -Meeting was lield in the large room over the Market-house. These peri•r:s, al humbugs passed unnoticed, and almost unknown. by the people here—but so soon as it was ascertained that Mr. Alillonnell and the ether Catholic Clergy were determined to take a part in the proceedings, the most intense anxiety to witness them was evident by the immediate filling up, not only of the large room, but of the extensive surrounding Market-place. The Chair was taken at one o'clock by hoed Dunlo, when the Rev. Mr. Pounden, the Rector, proposed the first Resolution in approbation of the system of Scrip tural education adopted by the London Hibernian Society, and was accorded by Captain Conlon, alto at some length entered into a detail of the views and present state of the Society. Attu which al r. mess dlillonnell rose, and. after a speech of nearly three hours, coneluded by moving the previous question, which was seconded by the Hon. Gonville Meath. Never before did we witness so powerful an appeal as that of Mr. M•Doorell's on this occasion. Strong in argument, close in tra wling. pathetic in appeal to the best feelings of our nature, and invincible in tacts, his speech was received throughout with the most marked attention. The ladies of Lord Clancarty's family recopied a considerable portion of the room, and many of them were 01) , erv,11 to be moved even to tears, at the many pathetic a pal. m lite by Mr. M‘Bonnell to them. Among many other documents produced by Mr. 3Pflonnell, in support of his distinct charges against this Society, of fraud, pe culation, and hypocrisy, was the copy of Captain Gordon's eei deneebefne the Commisaioners of Rducation, and that part of his evidence on the influence of Catholic Priests, over the lower orders, edam he stare% that they are considered to have the power of soil'. ifle them dead, depriving them of health, destroying their cattle, and blighting their crops, but, above all, that they possessed the power of turning them into hares and goats, were received with moth disapprobation, while his friends seemed 'mounded. Mr. liliDonnell stated that he had often sought in vain for this discus sion in London, which he proved by the production of three letters of the Secretary, Mr. Webster, and he now challenged Captain Gordon to go into the roofs of the calumnious assertions of this Society hitherto unknown, indistinct as to time, place, and per sons—as he was now ready to meet him foot to foot. and pledged himself to support his charges against the Society. After Mr. Alt Donnell sat down, Mr. Pope made a very eloquent speech. ealiing on the Catholic people to separate front their Clergy, and be led by their own judgments. Captain Gordon followed on die same course till near six o'clock, when an adjournment was moved by the Rev. Mr. Anderson, to eleven o'clock each day, from day to do, which was carried. Wednesday Morning, Eleven o'clock. The most intense expression is otsersable on the countenances ci the people. Mr. 31Tonne11 Is jolt now come in wnh his bro ther, and crowds ate pressing to the place of meeting. • Wednesday. II Alf-past Four. I have only time to ray th it their intention to debate still con tinues; Mr. M.Donnell on his legs. alter a speech of three hours. Toe candles are lightei, and s c•rtninty of another adjournment of the detente till to.morrow. Mr. `Dohnt.ll has moat strongly recoils. mmded the Catholic Clergy to avoid taking any share ahetever in this delicte. WENTIVONTIt AND Co.'. DI V MT.:M.—Yesterday, the Commissioners under the Commission of Bankruptcy awarded against Messrs. Wentworth asset Co. of the Wake field, York, and Bradford banks, assembled at the Court hoes?, in Wakefield, pursuant to public notice, to annouace the first divieletel under this Commission. The Meeting commenced at eleven o'clock. at which hour a considerable number of creditors, who had not already proved their debts, bad assembled. The proof of debts was continued till about half-past four in the afternoon, when the meeting was adjourned till nine o'clock this morning. The divi dend will be declared at about ten o'clock; and though the specific sum cannot be exactly ascertained, we have eutho rity to say that it will not be less than -is. in the pound, and that it will not exceed Sa. At the opening of the meet ing yesterday, the Commissioners expected to declare a dividend of Ss., but the proof of debts that day was to double the amount expected, and exceeded 50,000/. The dividend is expected to be paid on Mottday, the 30th of October. The private creditors will he happy to learn, that the separate debts of all die partners will be paid in full. A second dividend is expected to be declared early in the next year—probably in the month of March.—Leeds .11fercutli of Saturday. Ltrearoot., Oc r. 12.—The bodies which were found here were calculated to be wosth upwards of 5001., which is a pretty good temptation to rob church-yards and cense •teries. It is supposed that meat of those bodies have been taken from the cemetery of the parish workhouse, which is a vet, insecure place; it is merely enclosed with doors, and fastened with a padlock, which is easily picked, and ti:e resurrectionists can then pmsue their labours at lei sure. Ilaving got out a sufficient number of bodies, they are thrown over the wall inta a field, accost which are the premises of the Rev. James M'Gowan. The school-room of this gentleman is nearest to the field, and us:der the school is the cellar which was occupied by a man named 11, ndsmen. This was the cellar in which meat of the were found, and from whence the three casks con taming eleven salted subjects were talc , . it to be shipped on hard the Latona for Scotland.—The Mayor has examined several persons who were supposed to be able to give some evidence which would le ad to the apprehension of the per sons who have been concerned in tide resurrection trade. Ili therto, lionever, nothing very positive has been elicited, but, as the police are on the alert, we soon expect to hear of their being in custody , The GRAND IMPROVEMENTS at ST. JAMES'S. The plan of continuing Pall-mall by the splendid crescent, and the new road anti entrance to the Green Park and his Majesty's Palace, will give a fine coup elicit of the Palace front the extreme cod of Pall-mall ; it will also give beautiful and n freshing hreezt s from the Green Park to Pall-mall, and that neigbbourlmed. The Jewel Office, also the Lord Chamberlain's, together with Mr. Barnard's house adjoining, are included in the new im provements. Mr. liarnard's house would have been taken down long since ; but the King has ordered it to he delayed as long es possible, in consequence of his late Majesty having said that Mr. Barnard should not be disturbed ; and it is his present Majesty's intention not to allow the house to be taken down until the Duke of York's mansion is near completion. At present there is no approach to the Duke of Yotk's new residence, and it is resolved that an early period shall be fixed for the removal of the official residences that at present obstruct the Pall-mall entrance to the Poke of York's mansion. Cleveland-row anti Cleveland-square consist only of sixteen houses, which block up all view of the new Palace amnd the Green Park, and form a sort of barrier to the Park, which, when removed, will give great consequence anti splendour to the neighbourhood of St. James's. It is a part of the town that has long been ne glected ; and the estimate expenses being comparatively trivial to the advantage of the improvements, no time will be lost in getting the sanction of Parliament to the measure. BRIGHTON, Orr. 12. The Russian Prince GonchakofF met with an unplea sant accident this morning. While taking an airing along the East Cliff, his horse suddenly stumbled, and cast him with considerable violence to the ground. The head of his Highness was considerably contused, and the emrava sated blood produced a black eye. One knee also was so much bruised, that on raising himself from the earth he felt great pain And difficulty in walking. Prompt assist ance being rendered by parties on the spot, he returned to the Royal York Hotel in one of our hackney fly carriages, where Mr. maker, of the firm of Barran and Co. surgeons and apothecaries to the King, presently attended him. The hurts which the Prince has received are not of a dan gerous character. OCTOBER 13. Yesterday, as Mrs. Tamplin (wife of Mr. Tamplin, the brewer). Miss Tamplin, and another young lady, Miss Chatfield, who is at present on a visit with Mrs. T., were driving in a one-horse chaise, going down the hill from Mr. Kemp's to the sea-side, the horse became restive, and went off at full speed. The ladies kept their seats until, arriving at the railing which separates the road at Bruits wick-terrace from the Clan the horse, in his flight, at tempted to leap the paling, and would have succeeded, only the carriage caught fast in it. From the concussion, the three ladies were thrown over the paling to the brow of the Cliff, where they remained in a state of insensibility until taken up by some persons who were passing at the moment. The ladies, although very severely hurt, and dreadfully frightened, have escaped most providentially. Mrs. T. had one of I:er legs severely injured, Miss T. received a contusion on the head, and Miss Chatfield Lad one of her shoulders dislocated. NEWMARKET SECOND OCTOBER MEETING. NEWMARKET. SUNDAY AFTERNOON. The ensuing Meeting promises to be one of the best of the year, both for the excellence of its sport and the im portance of the results to the next year's races. The stakes and plates are already very numerous, and well filled with horses of the highest character; the matches are also more than usually numerous and valuable, there being one for 300 aura. each, six for 200 sore. ' and one for 100 sore., between some of the best horses at Newmarket, besides se veral others in contemplation. The attention of the bet ting gentlemen, however, will he directed principally to the Two-year Old Stakes, of which the week produces three and a plate, viz. the Clearwell Stakes and Plate on Tues day, a Sweepstakes of 100 each on Itiednesday, and the Prendergast Stakes on Friday, the running for which will afford a criterion for engagements on the Derby and Oaks. In fact, the list altogether is equal, if not superior, even in its present state, to any of the season, and justifies our an ticipations of the first-rate sport. We should add, that the Course is in admirable condition. Nothing particular has yet been done in the shape of betting ; but a few words on to-morrow's races, for the guidance of the absentees, may not be superfluous, especially as it is not in our power to state any definite odds. TnE THnEE YEAR OLD SUBSCRIPTION.—The favourite for these stakes must be Dervise, notwithstanding he will be pitted against the winner of the Derby (Lap Dog), Dervise's claim to precedence being founded on his having won the 2,000 guineas stakes in the spring, and beat Lap I fog the week before last. The other horses in the race are Lamplighter and Paul Jones, both of whom are tolerably good, without having done any thing to place them on a footing with the other two. THE GARDEN STACES.—Frum the superior qualities of the horses entered. a very close ran race mar be loot -al fur; Reformer, a ho is radicallg good, gives a year and alb. to Eirarre in the weight, ;.I.ltough the latter has several times run a good horse. NVings is also opposed to them ; she won the Oaks last year, and this season I has carried off some plates, but her general running can hardly • justify a belief (expressed at Tattersall's) that she would try Re former's mettle—she trust be re-j!)ritted to do so. Swiss Guide, he is entered, is a large promising colt, and his Noble owner thinks highly of him in consequence of his having won the Town Plant in July, beating llolt;Toblin, Butterfly, and The Palfrey. r Camel, who is entered, has dune running, having, it seems. been . turned out for stock. If he had started the race would, no doubt, have been his—as it is, we think it will rest between Reformer and 'Swiss Guide. THE FROGMODE STAKES.—This will rest between Problem and Elizabeth, the former being the favourite ; Brother to Ivanhoe, Polk*, and the .I.;lltaile de Venus colt, being nowhere in the Grand Duke Michael's Stakes last Meeting. Elizabcth is the property of his Majesty, and wax bred at Ila"moton Court. IHE THET.E HUNDRED SOVEREIGNS' STAN ES.—Racliael and Sophist, it is thought, will make the race, the tilly the favourite; Bolivar may, but is nut expected, to have a chance. MATCHES. Goshawk has the call against Rachael, at about C to 5 ; public running is somewhat in his favour. Tarandas is a well-known good one, anti the favmtrite. Scandal and Itedgattntlet will, doubtless, make a close race ; the mare gives 41hs. (which, in fact, nig) , be called 7lbs. when the al lowance to mates is considered), but, being very fast, is the ' favourite. In the match bettteen Paul Jones and the Black Swan, the former, whore public running has been good, is a decided favourite. The other has never dune any thing remarkable. Most of the lodgings are taken, and many arrivals have taken place, and the hacks of a great many of our regular visitors ate here. The betting men are " dropping in" hourly, but nothing has yet been done in the Derby, &c. In our next we shall give a list of the arrivals and other particulars, which time prevents our doing at present. The appointments for to-morrow comprise eight races, as Fettled up to this morning; whether any more will be mild we cannot say. For Tuesday five races are already decided on, and the following days are equally respectable. NVe subjoin the entries for the first day. First Year—One-third of a Subscription of 25 goes. each ; for 3 yr old colts, Bat. 91b.; and :lilies, Bat. 61b. bona fide, &c. (7 subscrbflrs.) Duke of Grafton's b. e. Denise ch. c. Paul Jones (oh. Wilson's b. c. Lamplighter Lord Egrement's b. c. Lap Dog 'rite Garden Stakes of It_ko MM. rub. GO forfeit ; for colts, Bat. 71b.; THE BRITISH PRESS. BRITISH IRON COMPANY. A Letter to the Shareholders of the British Iron Company. Rhor: ing the past and present Losses of the Specttiation, with Sugles lions to realize the future Profit of the Concern. By R. Curt, Accountant, and hate Cashfer to the Works at A bersychan. A letter under the above title, published on Saturday, has been handed to us ; and in Us Company -reforming age, which has so soon succeeded to that which gave them birth, we cannot do less than give an outline of the letter in question. Mr. Con was soite time Ceshier ou one of the Company's estates, called Abersychati, and in the perform ance of that duty discovered, as be thought, great misma nagement, which he represented to the managers. His interference, however, was very coldly rec e ived, and the improvements proposed by him declined. Without enter ing further into the details, it is only necessary to say that he resigned his situation, and, having failed in obtaining redress front the Directors, or a hearing at the meetings of the shareholders,he has taken this means of putting them in pas -1 session of information which he considers essential for them to know, as regards their interests and his own character. The author commences his remarks by noticing the reports published by the Managing Directors awl Committee on the 7th September last, which he describes as destitute of all r real information, and as being full of error and misrepre sentation. He then proceeds to take a view of the different estates belonging to the tAmpany, which have been pur chased at an expense of 405,3.33/. Os. 21., and, as be con tends, are generally unfit fur the purposes of mineral ope rations. Ile then gives a comparative statement of the state of the Company's accounts and finances, at much greater length than we can enter into here, and sums up his statement by asserting that almost every single pur chase selected for their investment exceeds the market va lue from 50 to nearly 450 per cent. There is a voluminous appendix, which includes the various reports and accounts, as presented to the Shareholders by the Managers; and ex tracts of the letters which were written by the author to Mr. P. Taylor, the chief Engineer of the Company, and also to the Managing Directors, as to the state of their affairs at Abersycrum, with plans of the estate, and a aeries of questions "for the local practical authorities, transmitted to the Managing Directors 12th Marc:i, ltiM." Then fol low various comparative statements and balance sheets, the whole concluding with a detailed explanation of that part of the author's account with the Company which is dis puted by the Managing Directors. Whatever may be the difference of opinion, as existing between the Managers and the author, the Shareholders cannot but be satisfied with the matter, though they may differ as to the man ner in which he has brought the subject forward ; for, although it may be that he is mistaken in his view of their affairs, the diligence that he has evinced to investigate them, and the able manner its which he has placed the re sult before the Shareholders, bespeak a sincerity of inten tion well deserving of their serious consideration. It may be that the answer which the Directors may b. enabled to give to this statement may destroy its effect. We give no pledge as to the correctness of the charges here made, but we think it impossible that such an el pose can be promul gated without producing some good effect. fillies, Bs% 31!; U.l. II is Royal Highness the Duke of York's ch. f. Elizabeth, by Rain. bow Doke of Grafton's ch. f. Problem, by Merlin Duke of Portland's c. by Tiresiss—L'H ode de Venus Sir John Shelley's Brother to Ivanhoe licn'ral Grosvenor's Pollio Lord Exeter's Sister to Augusta (dead). Sweepstakes of 10U son. each, h. ft.; colts, Ast. 71b. : fillies, ast. 1).1. Ilia Royal llighnces the Dupe of York's b. f. Ruchael, by Whale bone Doke of Graftnn's c. Bolivar, by Comm' 31r. Thornhill's ch. c. Soplyst, by Scud. :latch-200 isi. h. ft. I).M. Doke of Grafton's ch. c. tioshas k, Rat. 71b., against Mr. Ort- w 111 mem mum in musingly. Duke of Grafton's ch. c. Goshawk, flat. 7i0., against :,5r..,...- ' -.- ...- ......,. later root., Oev. 1 I.—Yesterday evening a fire took vine's Raclasel, llst. 21b. overseer, the man revive d , and told them that he was in • The Brai, , a Picas N has l obs erve, f ully --"""--"--"'"'—'. .He f • cwspaper a so. we place in a shop in Bawncy Pew-street, but it was soon Match-2P° sews. h. ft. T.Y.r. search of employment, and that, worn out with hunger and tarred in the opinions of its contemporary, and gone still more ex • • - happiness, and the prosperity of his native .old , with an eye this . • extingu.shed trier doing little damage. Last night the C. 4 ' 01,1 I'dar 'a Tarandus, list 21b., against Lord Wharncliffe'a fatigue, he had fallen down, he knew not how. Altar illicitly Inge the approval of our plan. never tires, and a heart that beats re.ponsive to her preitse--)ag fire-bell gi ye the alarm of fire, and engines and men re- Pastime, Bat. 21b. giving him a little pecuniary relief, the gentlemen pursued tWe have assumed double or twice the amennt of security as a the thought will intrude, that lie himself is but a wanderer on Itp paired to the ruppasell spot, but no fire was to be found. Mateli-2011 sows. h. ft. D.M.. their journey towards Manchester, wondering what a hard- datum amply sufficient to satisfy the politic creditor or holder of face of the earth. "I traded on the coast under great disadvantages, bails.' to pay ' s Ma Worship ti.e Mayor, who happened to be retuniing hearted wretch the overseer must be, pitying the poor who the paper ; but should it be thought, on calculation, that th en re . Lord Wharnel.K's Scandal, ilst. 91b., a gainst Lord Ezeter's Itedgsunikt, Bit. lilb. nines might afford a superabundant medium, nut sufficiently pee. profit of 50 to 75. and even 100 per CCM. on Lnglish and A mu r,. home from a dinner party at the Town-hall, was first on have to apply to him, and thinking that those who put him Match-1100 wive.. 200 ft. D.M. vented, as we hold it would be, by the plan in another of its p rav i. can invoices ; but I ventured into parts that were dangerous „,4 the spot, but could neith er find fire nor watchman. Whe- •P i J ' "lb . „ a im pa n w yn a. into office must be little better than himself . —..•fanch. , ster • *inns to be hereafter treated of, the security might be made thr ee , sickly, where others would net 2s, and thus was able to t wi n 4 Duke of Grafton•s atl ono, t.at. $ ~ ~,, ther it was a licax or accident has nut yet Igen diseorercd. hum's Black .wan , 8:4. 21b. Prq?:r. hour, or more tim.s greater in prapett.oe. mall petit." • 4 . _ . . _. - , • . . . .. ST. PATRICK'S MARINE ASSURANCE COMPANY. Another meeting of the Proprietors took place last week in Dublin, upon which occasion they called upon the Di rectors to exhibit the case on which the opinion of Counsel bad been taken, in which opinion it was stated that " the Directors could not he held personally resnonsible to the Proprietors for the losses sustained by the Company," and which had been published, and placarded, so genera:ly through the city. The Directors, however, declined to produce this document. It was stated to the meeting, that besides the case then before Serjeant Pennefather on the part of the Proprietors, another had been proposed, on which to have the opinion of additional Counsel, in order to defray the expense of which a second subscription would he ne cessary. A second subscription of half-a-crown each Share holder having been collected, the meeting adjourned. In the last notice of the premccedings of this Company the opinion of Counsel on the Directors' case was given, but it was then intimated that it did not appear whether there was any ether case before Counsel or not. It now seems that there is, and that the Sharehojders are deter mined to obtain the best advice they can upon the subject. This, however, will do no good: the opinions of the whole Bar cannot set the matter at rest; that can only be done by a Jury. It is not said that the Directors hove acted im properly ; that is not the question: the real question is, as to their liability if misconduct should eventually be proved ; and, although the Directors' Counsel have decided in their favour upon the case submitted, the refusal to produce it looks very like their being afraid to show even the strong points on which they rely. The call of 21. 10s. per share having been made, " Cad: ,4 7 ,- is the order of the day, and the Shareholders must look about them. If they had acted like wise men,theywould have kept theirhalf-crowns in their pockets to go towards the call, rather than pitch them away for a dirty opinion. It is quite time time Directors in Ireland made some communication (pay, of course, they cannot at present) to those gentlemen in this country who have sent them their policies to adjust and settle. l'romptness is the soul of business; and hence the advantage resulting from insuring with individuals rather than with any Company on earth. That which has taken weeks, and may, perhaps, months, to he done by this Company, would have been ac complished in Lloyd's Room in a day or so. This alone,were there no other, is quite a sufficient reason for the assertion that Marine Insurance is essentially promoted by being in the hands of individuals. A letter from one of the Scotch ports announces that the Agent to this Company had left off taking insurances, but that the" South Devon" had it in contemplation to nominate an Agent there, the person con tt for that office being a " friend," otherwise a Tint. Tartlet, a pastry cook. Good! The capital 25,000/. the Directors principally parsons, and the Agents pastry cooks! Oh, it must Le a prosperous concern! One prtg not a tartlet puff; nor a parson's puff, but a good miller's puff—would send them all upon their beam-ends to gether! Z. MARINE RAILWAYS.—The ew Fork Commercial Advertiser, of Tuesday, says, " The steam-boat iVashing ton, Capt. E. S. Bunker, arrived here on Sunday after noon, from Providence. After landing her passengers, she was conducted to the railways, and drawn up with every thing, even her wood on board. Yesterday her bottom was examined, her copper repaired, and two streaks of new copper put upon her bottom. Between four and five o'clock in the afternoon, the members of the Senate, now sitting as a Court of Errors, who had been invited thither by the officers of the Dry Dock Company, witnessed her descent into the water, with perfect steadiness and order. A brig was then brought up on tha ways, and they commenced hauling her up ; but evening coining on, the gentlemen re turned, much pleased with the spectacle, and fully per suaded of the great advantges resulting from this improve ment upon the old system of dry docks." On Saturday the son of the 84-dismal Princess of Cum , bcrland attended at Marlhorough-street Police-office, fer the purpose of assuring the Magistrates that he is really the son of the lady who disclaims him; and of giving the lie to certain other of her statements. After having made this declaration be withdrew. INHUMANITY OF AN OVERSEER.—OR Monday, the 25th ult. as two gentletnen were on their way from Altrin chain to Manchester, they found a man who had fallen down in a fit, lying by the way side, apparently in a dying state. Moved by humanity, they both alighted, and en- deavoured to render him what assistance they could : and while one of them held up his head, the other went for help to an adjoining house, which happened to be that of the overseer, whom he met at the door, and to whom he told the pitiable condition of the poor man. But the inhu man wretch refused to come to his asistance, and actually shut the door in the gentleman's face! After a while, through the exertions of the two gentlemen, aided by a man and woman, who possessed more humanity than their revived, and told them that he was in NATIONAL POLITY AND FINANCE. In the last Liternry Gm:Pile we opened to the public the leading principles on which it was proposed to form an en tirely new national and sterling paper currency ; and we pledged ourselves to enter so far into the detail:: of this plan as to enable every man of common understabding to per ceive that its practicability was equal to its expediency, and that its effects in execution were calculated to be not leas important and beneficial to the country, in points iiteai tairiment of which arc earnestly &sired, than its general scope and powers. In performing this portion of our task, however, we have again to notice, that we labour under certain disadvantages: we cannot (though perfectly con vinecd ourselves) go so minutely into all the ingenious and striking inventions and ramifications devised by the author, as either to do him justice or completely prove the case; but this we are bold to say is oar misfortune, and not the fault of the scheme, and we throw ourselves upon the candour of our readers to believe that where we fail in ex plicitly showing its eligibility and great facility, or in removing objections to it, the deficiencies are owing to our circumscribed limits, and may readily be remedied when and wheresoever this stupendous measure comes to be fully investigated and discussed. On resuming Mir exposition, we are glad to avail our selves of the admiOsien of a very influential Journal, and one of high authority upon questions of this nature. The Times of Monday observes upon the proposition, " This would unquestionably furnish us with a more economical circulation than that consistlng of the precious metals, and one to which noreaconable Objection could he made on the score of security ; but, on the other hand, it would be one which, in times of embarrassment, when the tempta tion to abuse was strongest, the Government of the day might depreciate by increasing to an infinite amount. The idea, however, may bear discussion." Upon this we may be permitted to remark, that it was utterly impossible for any writer, possessed of a knowledge of the subject, to concede more than is here conceded to the statement - contained in our Gazette, which was simply ini tiatory, and entered upon none of the provisions by which not only the apprehension of the possible evil cotist.quence expressed by the Times must be completely dissipated, but by which every contingency of creating political influence —of admitting of partiality or injustice in administer ing the plan—of raising a superabundant circulating medium—of being available for wild or monstrous specula tions—and of not fulfilling all its own pretensions in re lieving every class of the community, and especially lan•1- owners, will be removed. And we will further declare that it must lead to the almost total, if not total extinction of the crime of forgery ;—that it Must render usury not merely harmless, but, where legally sanctioned, advantageous to all parties ;—that it must simplify all pecuniary transac tions throughout the kingdom, and in a way that will render loss by carelessness or robbery impossible;—and that, finally, it might raise a revenue equivalent to the amount of all the assessed taxes, without being felt by one subject of the realm. These may seem strong and even paradoxical declarations, but we are prepared to demon strate them all—allowing us, as has, so far as we can learn, been allowed to us, the soundness of the grand prin ciple which we have laid down as the fulcrum on which the whole must move and act. That fulcrum is neither more nor less than converting a certain proportitm of the real wealth and capital of Great Britain into gold—repre sented by a national paper, and doubly, quadruply, or ten fold secured; and thus adjusting every transaction by a measure of immutable and sterling value, hum ad of the unsettled, fluctuating, unauthorized, rivatrly and indivi- dually issued, and, in many instances, fictitious currency, according to which the internal business and mighty com merce of the Empire has been and is at this day arranged. Having established the heeds of our system, we now pro ceed to consider the means for its formation and operation, its cheeks, guards, and limits. There Must be a fountain. head, controlling the whole machine, itself controlled by fixed and unchangeable laws. The responsibility would be of the utmost char:cur, front the immense extent of the interests at stake, and the purity demanded for the admi nistration of a nation's resources. But method awl the division of labour would accomplish the first; and the im mutability of the governing rules, and everlasting publicity in every branch, would guarantee the last. 'rite whole should be a system of checks, the result produced by which must be integrity in the conduct of the establishment, and accuracy in all its parts. An Argue (for names are of no consequence in explain ing our purpose) should have placed under its management, be it individual, or hoard, or other organized body, by ap pointment, or election (under the watchful and constitu tional eye of the Legislature), the whole of the grera but simple machinery requisite for the plan. There should be, as we have stated, one Bank, the present Bank of England being preferable to any other establishment which could be framed de novo; and, throughout the country, hundreds, or, if necessary, thousands of other banks, in direct dependence upon and correspondence with the principal. The more numerous these were, the better would it be for the country ; the facilities of interchange would be greater, the personal knowledge of responsible agents mote generally diffused over the community, the circulation carried more minutely into every corner, and the guards against forgery or imitation made almost, if not altogether, insuperable. There should also be one Mint (say the existing Govern ment institutions), where all the gold, silver, and paper currency should b coined and stamped. We do not dis guise our opinion, that the metals would very soon yield to the superior utility and value of the paper. The third grand feature of the plan should he one Ledger ; affording cash credits to subscribing customers, who, being freeholdets, or possessors of funded property, perfectly unencumbered, and otherwise available, should by their signature thereon pledge their estate or stock as a security equivalent to double the amount t of their cash account, each for himself respectively, and for so long only as his account should remain open and nnsetth d. It is obvious, on this point, that where mortgages or other liens already exist upon freehold property, which the pro prietors desire to convert into currency, particular mea sures, consistent with the law of the land, must be taken to free it, a priori, from all incumbrances ; for the public creditor, the note-holder, must be the first as well as the best secured. The paper currency, founded on the pledges laid down, should be made end originate with the Mint, and pass thence to the Bank only, where it should be signed, and otherwise protected ; and from the Bank be finally issued to the authorized customers, who had drawn, at titbit.' option anti conveniency, for so much, or for the total amounts cf their credits. These notes, as a farther safe guard, should be transferable to the order of the customer (whoee indorsement, without making him responsible, would give confidence to the next holder) ; and with any' such notes, or other Mint currency or bullion, the account of any customer might be cancelled at will, and all his responsibility removed. Having thus far furnished the currency, and placed it at the principal reservoir ready to be distributed over the country, the next considerations presented for us are to devise fit and easy means by which it may be made to flow into its proper channels, may be confined within right bounds, and may he safely returned when it has fultiled the purposes for which it was issued. The machinery ap pears to be of a simple character. At the fountain is the supreme head of Finance, with his subordinate establish ment, which, for distinction sake, we have called the Argus of the system. In this official power we should re pose mighty trusts, requiring vigilance, fidelity, wisdom, and firmness; whence the necessity for publicity to prevent any possible abuse, or to check it. To this powvr we should commit the charge to act, as sound policy dictated under all important circumstances—such as the oc currence of foreign loans, the arrival of goad or bail na tional news, the falling out Of war, or the return of peace; in short, whenever any public cause of panic, or of the reverse, arose, so that the speculation; of intended gnome polists might he defeated. It should vigilahtly inquire into the necessities of the country, generally, partially, or individually, and regulates the issues accordingly be incr:asing or conseacting them. It should scrutinize alt life pledges of freehold property. of funded property, by rules laid down, and admit or re/tee s corilingly. It should prefer the smaller pledges, eepecialle , those that originated in industry and economy, to leviathan pledges, and thus multiply the supporters of Government, the holders of national property, prevent combination, and promote a more equable, more general, at.d more goveena hie diffusion of currency and property. Next to these, the chief financial and political requisites of the system, we should look to the perfection of the plans as tunneled on the ledger credit, so called from its orients. int; in sterling, tangible property, pledged in the public national ledger, as a special security for half its bonaftele value, by a solemn act of the proprietor, publicly recorded, for the special purpose of obtaining a disposable capital, in proportion to the amount of security available, in such awns and at such times as his occasion might require, in order to enable him to exert hi 3 enereiet, and employ his talents, as a benefactor to society ; but, more especially, in his tine mediate neighbourhood, where local habitsand local know• ledge offered the most obvious and eetensive means of ren dering his capital useful and safe. T o this iailividual, or to any association, company, trustees, &c. &c. having pledged property to the nation, it now becomes necessary to forward the circulating inediuin resulting from the ("edit so obtained. This should consist of tokens, or pounds sterling, as being what their name imports, sterling, an epithet by which this. genuine Eng lish money is distinguished fro,n all other monies, being a legal pledge to the owner of tangible freehold or funded property, free and in all respects unencumbered, mortgaged by its proprietor, by his signature anal seal in the national ledger, as a special security of at least Se. for 1/. held by the CroWn in trust, and redeemable at will, but only by his discharging the full amount or balance of the cash credit for which the pledge was given. Let us farther impress upon our readers, that its crea tion, duration, and suppression, being matters of con plete publicity, afford ample security to other creditors. Surely a token of such sterling character, a representae tive of real property, so sound and wholesome, and so void of fluctuation, might fairly be considered a Axed standard of value, even of gold and silver; and as the bullion et* our soil, the bullion of our constitution (since with either it must exist or fall), it might safely be recognised by foreigners as the. genuine English pound sterling; and thereby even become current over Europe as an universal medium of exchange. . . _ With this gratifying se.pposition, our space obliges us again to take our leave of the subject for another week, when we shall return to its fur.hcr consideration and ex planation. THE LATE MR. JOHN HOUMA: (From the Mawlierter Gazetfel We regret to announce the demh of our [0%761DV, Mr. John Iloutson. On his voyage toCape Coast, from whence he intended to proceed to 11:nin, there to complete a cargo for Bahia. after tt:• disposal of whic h he intended to return to his native land , he had an attack of dysentery+, and went on shore at Accra, a British co lony, about a hundred miles front Cape Coast. tor medical assist ance, but unfortunately none could be procured. On the 13tit Nay, tite days after be had landed, he expired, and was buried on the I ttli, on which day he would have completed Ilia 311th year. Mr. Boutson had arrived at Badagry on the 12th April, ..11+r having been absent more than four months, during which time be had been etttployed in conducting Captain Clappetton and his party to Katungo, the capital of Eyco. For his services to the Mission we think his family have some claim on Government. The last time we saw Mr. Howson was in compsny with his particular friend, Dr. Hardie, whose death we have had the melancholy duty to record. r. Munson sent to his telations here many valuable commtmi. cations concerning the interior of Africa, ftom which they have obligingly given us permission to make e!tracts. In the mean time, we lay before our readers some particulars, communicated in a letter to a friend, of 11r. lloutson's mimics, and of his at. tendahce on that enterprising traveller, Belzoni, in his dying moments. " You may possibly have heard that it fell to my lot to attend the late 31. Belioni, at limb, during his illness, and at his un timely death—an event which, I am sure, must have been deplored by every ore to whom he was petsnnally known, Of who had read of his great exertions, and his enthusiastic devotion to the promo tion of those branches of science which are so universally esteentel by civilized society. " It is probable you may have eeim in the public papers extracts from my letters to his ngenta in London. giving an account of his illness and death. I shall, therefore, only say in explanation, that I herewith send you a S:11311 box, containing a beautiful ame thyst ring, which, as a dying request, Mr. 11. desired me to take front his linger, and deliver to Mrs. Belzani on my retain home. His clothes, books, pistols, &c. I shipped by the Liverpool shin Fletcher, and gave the ring in charge to my friend, Mr. Fell, sue percargo of the brig Castor, then trading in Benin, and bound home. flowerer, it appears that he received subsequent instruc tions to remain oil the coast for an indefinite period. l'l'hen 1 met him afterwards, in Cameron's River, in August last, I resumed the charge of the ring, with the Intention of delivering it personally on my return home, in January last. Circumstances having in. duced me to make another voyage to the coest of Africa before I visit old England, I cannot thins of toner detaining a relic of so sacred and affectionate remembrance. You will, therefore, parte ceilarly oblige me by receiving this small package, and delivering it into the hands of Messrs. Briggs, Brothers, and Co., 13, Arne. rico-square, London. and excuse the trouble 1 have thus given yo " dle. Belzoni was of a noble form, and a height approaching the majestic; a countenance indicallog deep thought and determined nurpose,—ot the most winning manners : aid his conversation intel. ligent and luminous on almost every subject within the reach of human inquiry. His relation of his researches into the Pyramid., and other antiquities of Egypt, wart extremely interesting and in. structive ;—but on these subjects he wa3 only communicative with those who, he conceived, were capable of appreciating the value and interest of his discoverins. Ile was intro lured to me, by letter. from Sir Charles IPCarthy, and my friend Mr. George Alexander Robertson, of Cape Coast, requesting my services with the King of in Ben, in fits favour. fls remained with me from the 30 li October until his death, Dec. 3d, 18'23, 1 succeeded in getting the King of tneuteng.r to arcompany hint as far as HUO)S3-.-tO wait there his return from Titobuetum and return with letters tiir myself and his friends in Europe; en the receipt of which, the King was to receive a handsome present, and the messenger paid agreeably to Mr. B.'s report of his deserts. Had he lived, I have no doubt of his reaching Houses in perfect safety—beyond that country the King of Benin's power does not extend. " The prainicability of penetrating into the central parts of Africa from the (lull of Guinea, I am convinced. is much more certain than from the shores or the 3leiliterrane en, the coast o:' Ito teary, ur the river Zabir, or Congo. There are three or tour points of dr. ;nature which are presented to the traveller, vie.:—From Sierra Leneee—fmm Cape Coast, through Ashartee—from Dahomey, tit:tug:l Eyeo and Tappo-aand Prone Benin, through Jaboo, Byre., Tappo, Nyfta, anti thence to lloussa. The latter was the route I recommended to Mr. Be'zoni, Lecause he would have had the King of Benin's protection be the gives of Houssa. From Sierra Leone. the traveller in a few days gets into the kingdoms professing the Mahamtnedan religion, which presents innumerable diflintities and suhjecis of dispute to an European traveller. From Cape Coast it is impossible to proceed while the Ashaniee war is continued. Dahomey Is the most direct road ; but the influence of the Portu gorse with the King would prevent his givieg protection to an Kniifeth traveller. In Inal, 1 had arranged with the King of DJ. for his protection into the interior, as tar as Tappa (twelve der.' journey only front Houssa), hut the'Portuguese interfered, and petsuaded the King that it was my object to ?recent him front get ting any more slaves, by telling the people in the ihttrior to send their plans to the Great Water, on the other aide of Africa ! where the English ships would be ready to receive them ! To Benin none of these objections apply. The King is most anxious to cid ti vVC a good understanding with the English traders, and his word is, when once given, a sacred and inviolable security. His power extends over all the countries through which the traveller must pass, until his arrival on the banks of the Niger. Jaime), Eye°, pass e until iii. arrival on the banks 0y the Niger. Jattoo, Eyco, i'appa, and Nyffa, are all subject to him s tributaries and vassals: and Houssa is friendly. though not subject. " I left England in October, 11119, without a shilling of my own. My leiends, and my knottier, assisted in fitting tree with clothes, books, &c. for stalong a voyage. The adventure in which I errs_ barked for Africa proved extremely unfortunate. I, however, stuck by it while it hail a leg to stand upon, and in 1822 left it in search of better fortune, without a cent. in my pocket. 1 went to Benin— was fortunate in my trade—yntrchased a !chimer, and have her trailing on the coast of Afebrair one Sierra Leone to Cope Lanier, since that time, with ratio - its sieccese, but increasing experience and know ledge of the trade. I cart get a living in any part of the world. 1 have friends in Africa-1 have good friends in South America, and also in the United States; hut an exile's life is eh beat but a weary one. The man who has passed the fuss thirty years of his life in Old England, surrounded by the:Q.lolloa of hi s rude and the companions of his manhood, cannot on anon i ntet . nire with the brawn Brazilian, the republican . l ,ltd much - 'the