The British Press; or, Morning Literary Advertiser. — London, England, 1824-05-29 00:00:00

PARLIAMENTART INTELIGENCE. HOUSE OF IA)RDS, lIIIDAY, MAY 28. ROYAL (OMMISSION. At a quarter before tour o'clock, the Speaker of the House of ' 1 cernnion., attended by several Members, appeared at the bar, to tear the Royal Assent given, by t;onnisaion, to the law Stanips Repeal (Inland) Bill, the Australian Lain Company Bill, the Liverpool Pilot. Bill, the Consolidated Fund Appropriation Bill, and a variety id Private Bills. The Lards Commissioner. Were, the lewd Chancellor, the Marquis of Winchester, and the Earl of Shaftesbury. ESSAtiE FROM THE COMMONS. Mr. Brogden and others from the Commons brought up se. Taal Private Bella, which were 'Tail a brat time. THE STAFFORD PEERAGE. Lord REDESDA LE presented a petition fnmi Richard Stafford Cooke, praying that his claim to the title and estate of Viscount Ntaffind may lw established. Tile Noble Lord stated, that he thought the petitioner had no chance of success, and was only wasting his money in his ahempt to urge his claim.—The petition was laid on the table. EAST INDIA ACCOUNTS. Mr. Mason, from the India Ilouse, presented various annual aecounts. SCOTCH POOR RELIEF BILL. The Earl of SHAFTESBURY prrwrited • petition from the Presbytery of Am praying that the Scotch Poor Relief Bill may rot pass into a law.--Lasd on the table. TEST AND CORPORATION ACTS. Lard W101,11,A NI) stated. that he held in his hand a petition tallith referred to a subject of great importance. vie. to Acts hi the trim of Charles commonly called ths 'rest Ind 17 4 4 .1 . ration Arts, which tended rather to !tontine the Sacrament of the Lord's Supper than to protect it from the attacksof infidelity. Ile thought it highly . necessary that their Lordships should consider the effects and pen:elides of these Acts ; and if the state of the. Session did not a' noel preclude hint he should have felt it his duty to have 'nought I. a motion relative to them ; but as it was he should not foil id any measure on the petition. Ile should have Fawned a petition front the Catholics in Ireland on this subject : but as a ;Noble Frintd of his would present a petition from that body of n more general nature, although not in the same language, Li Monday pest, he believed he should at present forbear from presenting that document. His Lordship then moved that the Lotion be read. It was firm the Protestant Dissenter) of various 0 0,0 0100.1 60,1 0 in the eity of Chichester. praying a revision of the Test and Corp:ire:die Acts. The petition was ordered to be laid tin the table. NTAITOUNPLAND MARRIAGE BILL •11)n t he motion of Earl TIATIICINT, the Newfoundland Mae- five Rill wax read a third and tatesid. SCOTCH titanTAHLi , ESTATE BILL The Earl of A RE:RI/14EN bmught up the Report of the Scotch Heritable Estate Rill, which en ordered to be read a third time oo Tuesday. IRISH TRANSFER OF STOCK RILL. _ _ _ ' Their fettitiihips went into a I'm ittee on the Irish Transfer of Stock Hill, and the Report reecired.,Adjourned to Monday. HOUSE OF COMMONS, FRIDAY, MAT 28. There having bean a Royal Commission, the Srcriata toot the r!hair at Three (Mock, and nniereacti to hear the Royal Assent given to Bills, for which see Lords Report. Str W. GUISE presented a petition from the Parish of St. James, in the county of Moues-stet, ponying fm a repeal of the Ai!""ed Tnaest.--Laid as the table. Sir A . L'iliCHESTift ;men Uri! a petition from the Chamber of Coil-nonce of Belfast, against the duties on Tobacco.—Laid on the table. _ Mr. THOMAS WILSON prestated a petition from certain losersece Heaters, *raying to hr baud by Counsel against the 14an a • Insurance nat.- Laid on the table. . .. .. . Aldermen HINGATE ptesinted a petition from an individual named Brown, apinat the South London Docks.--Laid on the table. Mr. MAHER LY gave notice, that early in the next Session he should bring under the notice of the House the whole of the Paving Acts. THE LATE MR. SMITH. Sir WM. GUISE presented a petition from Stroud, praying for an inquiry into the recent transactions at Demerara, connected with the late Mr. Smith. Similar petitions were presented by T Mr..farris, from Hampshire ; by Mr. C. Smith, from St. Attain s ; by Mr. Butterworth, from Saffron ll'ablen, another from Chatham, and another from Bed el1:411; by Mr. Scormlty, from Ilarerfordwext ; by Mr. W. Smith, hum Me city of Norwich ;by Lord Uxbridge, from the Calvinis. tie Ifiesentert in the Isle of Angina; by Alr. S. Cooper, from Sligo; by Mr. Newman, from Exeter; by Lord O. Cavendish, from Ilehester, in the county of Somerset; by Mr. Dugthrde, from Atherstone, in Warwick; by Mr. Leigh Keck from the borough of Arundel; by lord J. Russell, from Biel;en ; by Lord Wm. Russell, from Dridgnorth; by Lord W. Ilentinck, front Grimsby; by Mr. Griffiths, from Tettby ; by Sir T. Lethbridge, front Franc.; by Colonel Davies, ("rum Worcester; by Lord Belgrave, from Chester and Northwich ; and by Mr. Rumbold, from Great Yarmouth. The petitions were laid on the table. BEER BILL. Mr. MONCK presented a petition from a pariah in Berkshire, inlArour of the Beer Bill—Laid on the table. HIDES AND SKINS. ....... ...... Mr. LINDSAY presented 'petition 11'0111 the currier, of Perth, aginnst the Hides and Skin"' llRL—Laid on the table. NEGRO SLAVERY. Mr. BUXTON prerented • petition froth Chippen Fatten, priying for the abolition of negro d•rery.—laid on the table. MARINE INSURANCE BILL. Mr. F. 131/XTON moved the order of the day for the second reading of the Marine Insurance blr. r iiitENrEi.L moved that Counsel be called in and heard et at the Karol the house against the Bill. - - - The SPEA KEN Slid that the re , ;ular course was to read the Bill tint, and then to hear counsel against it. Mr. UR EN 1 , E1.1, bowed to the authority of the Chair, but an. der.tuud the practice of the House was to decide the question of the gerund reading after the arguments of f',uurisel had been heard. The SPEAKER said that Counsel could not be called in until it h.. 1 been decided that the Bill should he read awecond time ; and it n were never read, then the Counsel of course would not be heard. illr. :it EN I , LI, understood that Counsel was to have been INDIA in behfre the second nailing. The Mit was then read a mo rn time. _ The SPE.IKIai duin put she queittion, that Counsel be called in and hued at the Isar of the House against the BilL Ciirrivil in the affirmative. following lie:,tletilen severally appeared at the bar, and an. ay red to thin. moot.: --3 I r. Sergeant Ikmatiquet. Mr. Sergeant 3lr. Harrison, 3lr. 3larryatt, Mr. Adam, Mr. Sergeant 11 r. Altierwrm. - . .‘lt. sergeant ronanquet was first called in. and addressed the II ouve ; but we could nut distinctly hear fur what clients he As his arguments proceeded, we thisight he was in favour ! one of the old corporations, claiming compensation in case oral. Living one new Marine Insurance Company, which must soccour.. rile abate the value of their chartered privileges. Mr. Harrison was next called in, and said that he appeared on behalf of the London Assurance Company, and contended that there was no iitioconduct on the part of that company, or of the un-' dierwriiers at Lloyd's, which could justify the proposed invasion of their ri ghts. lie contended that the permission to form throe Joint Stock Companies would create a monopoly in place of leading to a fair competition. II the !!urine Insurance Company were per- mitted, his clients were entitled to compensation. Mr. Marryatt was nest heard for the underwriters of Lloyd's, and Mr. Sergeant 'faddy for the insurance-broken at Lloyd's, who de.. sired the protection of this country. Counsel were then directed to withdraw. Air. F. III'XTON said that he was ready to concur with that part of the doctrine laid down by the latarnedeounsel, that no joint stock companies should have exclusive protection. In fact these Gent:mien asked for privileges contrary to the law of the laud, and privdeger of advantage only to their clients. No one said that joint stuck companies should have peculiar privileges; but the At torney and Solichor Generals mid they should not. to did a Hight Hon. Gentleman declare in this House, and a Noble Lord in ano thee. These Learned Gentlemen said that a clause precluding ge neral responsibility was inserted in this Bill. If the fact were so, he thought it should be disallowed. Adam Smith, who was a man disliking all joint stock companies, always excepted insurance~ by pertnerhtps or companies. The Americo+, invariably resorted to them. In Holland., In Ilanihurgh, in Copenhagen, and in France also, similar companis.wire established. Now why all that? Simply heroine they offered greater advantages than other com pa,tos. In fact, it was only the other day that the agent of the nee French company arrives I in this country with an otter to effect the French insurances at a chattier rate than they could he etti.cted in thin country. He was quite sure, that persons wishing to insure were anxious to resort to Joint Stock Companies. One of i t i rl. 7 oiimel insisted that there was a distinction between marine and ether insurances. He admitted it; but the risk was greiter in marine insurances. Though the law said that marine insurnnees did not exist, yet they were clandestinely practised. It was in his mind quite clear, that merchants would derive &d -espiser from a reearival of these restrictions. Fur instance, if a rnercliam in the country was desirous of insuring his %enrare, he was compelled in the tiro instance to write to his agent in town ; the agent hail to employ a broker, and thus considerable expense was unnecessarily entailed on the merchant. (In a former occasion her hail stated, that the expense of employing the broker fell on the merchant ; he had since learnt, and he was anxious to correct lie misstatement., that that expense was sustained by the under wnter.: still he apprehended, that in the grog sum paid, it would be hound ultimately to he defrayed by the nierchant. Well, then, the broker had the policy in his hands, and the principle at Lloyd's was to insure chiefly • here there was no risk ; but they were slow, jerked to efleet a palicy where danger was likely to ensue. Mr. 7'. WILSON—No. No! Mr. 111 !a, l'(/hi—Thc lion. Member for London exclaimed No, but he r.ould inure hint that he t3lr. Buxton) had consulted dote ferent miveltants, and they unanimously gave him to understand, that the people at Lloyd', acre slow nuked in effecting insecure poliewv. ant: more, some of the members of Lloyd's had admitted that when• the risk was great they were unwilling to itsirc. tHear.) Well, then, at length the broker, having resorted to Lloyd's, with difficulty effects the insurance. The vessel sails— tails to a distant land ; fur there or four years thews is no intelli gentfry•ither, and at length llsppeanthatshehasbeenlost. Well, then, the country merchant again writes so hisagent in London. to tranvia: to him, or ledge with his balker*, the lawsuit of that Was limos ma imp that monopoly for the period prescribed, their present lomisliint was, that they had been pmbitted to hold it few three times the period stipulated; instead of holding it for El, they had retained it for Ifil years. (Hear, hear.) That was the nature and extent of their charter, however well they might have deserved it. With respect to the Rill then before the House, he could undertake to say that there was not a syllable to be found in it which gave any advantage either to an individual or a body. The underwriters at Lloyd's still held their privileges ; and if, as it had been contended. the active competition of individual insurers was quite sufficient for the necessities of the country, all he asked by this Bill was, that a trial should be given to a measure, the security of which was cer tainly preferable to individual responsibility, no matter how re- =ble. The Hon. Member concluded with moving that the e Insurance 11111 should be committed. The motion having been seconded— Mr. GII RN FELL rose to oppose the motion. He complained In file first instance that in introducing this subject the Honourable Member forWcynumth had adverted to topics which had tioreference whatever to the subject before the House. Ile hail commenced his speech with an allusion to a lately-established company and he had wed a pretty tolerable lecture open the liability of all companies. (Hoir.) Ile had not intended to say a syllable on the subject of that company, but the Honourable Member seemed determined that it should not remain nnnoticed. lie still wished to speak of it with respect, bat as the llonourable Member had forced that com pany on their attention, he thought it right that the Howie should know, and that the pu blic should know, the exact character and situation of that conipany. It was composed of a certain number of merchants, with a capital of RIO,IIOOL which they modestly de li/tooted a capital of five millions. (flew.) They might with equal propricy term it a capital of fifty millions ; that is, they might as well say that the sum subscribed was one per cent. in fifty millions, as that it was ten per cent. in five millions (Hear, hear.) lie admitted that all the members composing this Company were sufficiently secure for the latter sum. As long as such names were to be found among its directors as Baring, Rothschild, Irving, Buxton, and Alexander, there was no doubt whatever that its responsibility was just as unquestionable as that of the flank of England. As long as such names continced among its partners, no one could, in this period, entertain the slightest doubt of solvency. But pemis 'limey was not the principle of this stock company. It was in their power to-morrow to relieve themselves from all responsibi lity by the mere simple transfer of their shares, and what, then, WWI to become of that solvency, upon which public confidence, he would not say credulity, rested ? It was not his duty to under take any defence of Lloyd's. There were Gentlemen opposite much more capable of informing the House upon that subject. He would not dwell upon the great conouercial importance of that establishment—of the system of communication which it preserved with such wondrous industry through all parts of the world. And with respect to freedom of trade, there was not in that houses wanner advocate than himself; and no consideration of a formal or friendly nature should ever induce him to deviate from the principle of those votes which he had given on that subject. But could they, in this instance, without being guilty of a violation of faith camel the charter so granted—granted, as the honourable Mem ber for Weymouth admitted, for thirty-one years, and nothing dune at the expiration of that period ? flut he contended, that it was out of the power of the House to interfere with the charter in the way now proposed. For the Act distinctly stated the mode by which the charter was (if deemed expedient by the Crown) to be revoked. Me. LOCK H A RT—N o. insurance—one would think a very natural requisition. Ilut what by one - thud than it ttru nee known in this or in any other country. was the answer ? No man acquainted with the system at I,loy. 's The I lonourable Member for Weymouth had referred to similar could pretend ignorance of it. The agent's t sewer must be, that' establislunents to the present in other countries. The reference was 'some of the undtrwritm were dead. Then came that most formi. most infelicitous. as It affected his argument. Ile had spoken of dable of all settlements--a settlement with their executors! Sane Hamhurgh ; and there what had been the consequence of the new of the parties were insolvent, and others litigious. Such was the system? Insurares companies were established, and indivi. answer, nine times out of ten, received by the country merchant. , dual indemnity was destroyed, and upon its ruins a mono. I Ile held in his hand at that moment a bundle of policies, and it t poly was established. and w hatever sums the directors of these was fair to state that he procured them from the office of an tutor- companies deemed it their interest to tusk was demanded and paid, ney. The policies covered a slat of 150.0001., and upon every one for there was no longer a scope for private competition. Ile eon of these, the parties, sonic had died, some were litigious, some ! tended ton, that theaccommetlanon in the CAN! of individual indent insolvent. I nity, was much greater than under the unbending regulations of An Hon. Member front the opposite side inquired for what joint stock companies In illustration of this assertion, he might year ? I be pertnitted to mention a case of his own, where a ship sailed and Mr. BUXTON —For the years 1810 and 1811. The first case repeatedly changed her course, and no difficulty was ever ex. he should mention was one of 11111, and from that it appeared, pelmet by him at Lloyd' s in procuring the necessary alterations that of the underwriters, the first was insolvent, the second dead ,in the policy. This he could not have accomplished with a Stock hut dying in solvent circumstances, the third insolvent, the fourth ; Company. The vessel was ultimately lost, and with the exception insolvent ! This case was a sufficient illustration of the dangers of two of the underwriters, the rest had paid the amount of their from insolvency, so inseparable from individual security. The ' respective policies. These two had refused on the score of legal next advantage, RS it seemed to him, in favour of joint stock coin- I objection. With regard to insolvency, he must admit that it was parries, arose from the necessary dintunition of litigation, a point !more likely to occur under individual responsibility than where the to which none of the Learned Connsel had adverted. (A laugh.) ; insurance was effected with a company. In 11110, the butter seizure, It was evident the litigation would be greatly reduced by removing ; originating in a long continuance of adverse winds, had ruin. these restrictions, and for this obvious rautors—you may sue • ed many underwriters ; but generally speaking the losses were Company by one action ; you must proceed separately, by dit'- I extremely trilling—not more than lid. per cent. The Hon. lilem tenni anions, against Underwriters. Then as to insolvency, he; her for Weymouth had admitted that this holy allhosee would be did not mean to contend that a joint stock company was beyond t liable to the Bankrupt Laws; and he was gratified in bearing a the reach of a reverse of fortune, so as to educe it to absolute I declaration, the effect of which would be, to keep every person of bankruptcy ; but the chances, in this case, were indisputably less. respectability from all connection with the company. These observations, or nither statement of facts, clearly proved Ale. HUME conceived that much more was made of this subject that the restrictions existed at present to the manifest ineonveni- , than it merited. Upon the first discussion of this subject, and at I once re the merchant ; and not one reason had been stated by ths I the request of his Hon. Friend, the Member for Penryn (Mr. I Learned Counsel who had that night addressed them fur the con- ; Grenfell), he had looked into this subject, and at first the inelms- I tinttance of these restrictions. The only of question, then, that re- ; tion of his opinion was in favour of the Company, but upon I o eon mained to be considered was, whether the removal them was in- , sideration he had arrived at a different conclusion. The Company consistent with, or in violation of, the charter by which they were had, as it were, a lease for 31 years. for which they were to pay a I granted. Ile would not then repeat that which had formerly been ' given sum ; if they paid that sum they were entitled to their time, stated and proved in that house, that these charters originated in a but if not, it was in the lessors power to abandon the contract. mere job. Ile did not mean top into the comparative purity of Ilappen what would, when the lease expired they became mat their history ; but admitting that they were granted for high de- tenants at will. (Hear, hear.) In ordinary occurrences, this 'servings, he would , on that admission, proceed to investigate them. I was a plain and intel ligible construction, and it must ap- Thes nave granted fur a given time at n stipulated aunt. Tyeh ! ply to the charter here granted, unless some special circum were granted for the period of 31 years upon the payment of , stances was 'hewn to take this case out of the general rule. Let 3110,0001. They did not pay :410,01101.: they so far, therefore, re- I this Company strew bow they were exempted. This had not bees linqui.hed, or rather forfeited, any advantage they might derive ' done by their Counsel. Ile really thought that this Company ' front the contract. He admitted that, by an Act of Puha- I ought to be grateful to the Chancellor of the Exchequer for the runt subsequently passed, the purchase-money was reduced to , course he had taken. He had not taken away the charter, but be 110,0001. had granted its privileges toothera. Let the Company beware then, Mr. ORENFEI.L.-150,000/. lest by unjustified and unreasonable complaint they compelled the Mr. 111;XT0N admitted it might be so. No attention, how- Government torn:emend the then charter should be revoked. Go ner, was made as to time, and now, instead of haying en j oy ed %velment had acted towards them most indul gently, sai d , . ... . Th " Keep sour privileges but allow o th ers to participate in ahem." (Hear.) These were his sentiments, and not the lees likely to be oserect from his being uninfluenced by any connexion with Lloyd's. on the one hand, or the newly.established Company on the other. Mr. Alderman WOOD thought that in a change deeply affect log the rights of so m my individuals, some further inquiry should be instituted. The objects professed were in hi. apprehension rather specious titan substantial, and the arguments by which the system of ittdividual competition was undervalued, and its perfection gates. tithed, appeared to him unf o unded. %What instance had there been produced (there were statements in abundance) of any injury sus. toned by an insurance from the conduct of the underwriters) Not one, and it •a+ rather too serious a matter to deprecate a system, which, if it were destroyed must put an end, at the same limo, to an our maritime information. Mr. Alderman THOMPSON contended, that the very accept thee of the 120,1100/. for the charter by Goveroment, was a confir mation of the powers which it granted. When he heard the lion. Member fur Weymouth (Mr. F. Buxton) speak in support of the present measure, he confessed that he suspected the quarter from which it came, from the conduct of that Honourable Member on the Spitalfields Act. New societies were not so beneficial as was generally imagined. liamburgh was a proof of this. In that city, in 111011, new Insurance Societies were established, the come. quence of which was, that having reduced the number of separated underwriter..., five, they came to an understanding with each other, and estaii!ished ato monopoly. There was nothing in which there was greater competition than in marine insurances. The Market was as open as the Corn, Sugar, or any other Market, and if the Bill now before the )louse passed, It would only tend to' destroy a I irge number of individuals, no less than three thou sand five hundred, between brokers, clerks, and under writers. If the lion. Member for 11'eymouth, instead of engag ing the exertions of tiovernment in favour of the Bill, had codes- enured to engage them for the policy duty, which was so high as 30 or 10 per cent. he would have done a much greater good. (Hear, hear.) What had been the benefit conferred by other new societies, that they were so anxious to encourage new Marine Companies? Had the Oas or ll'ater Company conferred much service on the public ? So far from this, the latter had destroyed competition, and increased the charge for supplying water 60 per cent. beyond what it bad been before its establishment. He disclaimed any connection with Lloyd's or the Exchange, further than as an indi vidual merchant, who had paid large sums to Lloyd's, and never suffered any logs. Mr. BUXTON said, that after the personal attack—(Cries of " No, hear, hear, and spoke").—after the personal attack that bad been made on him by the Ilonourable Member who had just sot down, he might claim the indulgence of the House, to say a word or two in reply. The Honourable Member spoke so that it should be inferred that he had acted rather from motives of interest than principle. Now, he appealed to the candour of the Hight Honourible Chancellor of the Ex. thequer, if on the Beer Bill, to which the lion. Member seemed to ullDode, he had been one of his opponents, either in or out of the House. Though placed in circumstances of considerable diffieulty at **done, many permits having thought that it would ruin them if the trade were thrown open to competition; and others, that it would confer a public beneht, he still denied that he was hostile to that inmeure. Mr. Alderman TIIO3IPSON disclaimed the intention of throwing out any disrespectful insinuation against the lloothrabie Member. lloctor IX:ill I NUTON said, the question involved two im ..... , , Mr. t ;BENI:EU-1 beg the lion. Gentleman pardon, but I portant considerations ; first, its to the expediency of the repeal of the say " Fes." The 18th section distinctly stated that after the *ape- privileges of the chartered societies, on the ground of public ad. ration of the 31 years, if his Majesty deemed it expedient he might vantage and utility ; and secondly, as related to the injury which revoke it. Now without inquiring whether this Country had grown it might inflict on those societies which may be deprived of those out of that job alluded to by the lion . Member for Weymouth, and Privileges. Now he would be the last man to deprive any society which allusion he had never before heard—if any mode was to be of rights secured to them by law ; but the present Bill did not pro adopted for the revocation of the charter, that mode was clearly pose the repeal of any privileges which statute may have provided pointed out, and if they wished to preserve public faith they should for any particular set of men. Instead of the illegitimate deprive. tion of any rights and privileges of any particular chartered body. not, they dare not, touch these charier', but by an application to the King and Council. (lleat, hear.) In this opinion he was for- the principle of the Bill contained no such hostile intention to Wiest by precedent—by three precedents, all of which had occurred other societies. It had been contended that the Act confirming within his own recollection. The first was a Bill similar to the the Charters had guaranteed exclusive privileges to these societies ; present, introduced in 1808 by the State Insurance Company—as but in his opinion the construction of the Act supported the very respectable a company as that now formed, and that Bill was re- reverse of such a monopoly. The opinions of Sir Vicary Gibbs jetted. In 1810 a certain number of merchants introduced a simi- and Sir r. Planter had been referred to as to the mode of revoking lac Bill, and it was referred to a Select Committee. Of the Comm_ the charter, and declaring against the power of Parliament to re mitter he (Mr. Grenfell) had the honour of being a Member. peal it. (Hear, hear, from the opponents of the Bill.) He (Doctor, They produced a very voluminous report, favourable—extremely Lushington) always regarded the opinions of lawyers with distrust, favourable, he admitted, to the principle of the Bill—which re. and relied rather on the case on which they formed their judgment. port was now reprinted, but the measure during that ties_ In the present instance, as no case was laid before them, this simple lion was abandoned. The attempt, however, was revived in opinion only was called foe and given. lie would read the Act, 11111, and lie (Sir. (imorel') had then the advantage to find itself, and particularly direct the attention of the HOWe to the 15th on his side against the measure the Chancellor of the Exche- clause, which vested a power in the Crown of making the charter I quer, Mr. Perceval, who, though friendly in point of principle to I revocable on the expiration of thirty-one years, on repayment of 1 a removal of the restrictions, voted against the Bill so introduced, the money which had been given in consideration of the privileges because the Act of Parliament pointed out the manner in which the charter bestowed. The peculiarity in rived to these anaemia the charter was to be revoked. There voted with him also the At. was, that the usual forms were dispensed with, and the power of ' torney•General, Sir Vicary Gibbs, and the Solici tor -Ge n er a l, Sir revocation was not accompanied by inquisition or a Jerre facia:, se T. P lainer—no mean authorities-.-and for the reason already stated, prevailed in similar instances. The Hon. Gentleman (we believe that the Act required, previously to the revocation of the charter, Mr. (lrenfell) agreed with him as to the law which the Act laid a reference to the Privy (council. In 11113 the Bill in question down, hut differed front him as to the conclusion of the argument having been lost in the preceding Parliament, was carried be. upon it. The Honourable Gentleman seemed to think that fore the Privy Council, but nut prosecuted. lewd Ellenhorough Parliament, by vesting this power in King and Council, had then sat in the Privy Council, and from some observations that tied u p its own hands from the exercise of any control or ' fell from that Learned Judge—certain expressions, with ref e r_ power in the revocation of these charters. But he (Doctor ence to the objects of the application—the parties did not think bushington) would contend, that such was not the case, but proper to press their claims, and until the formation of this new would maintain, that in investing the Crown with such an autho- Alliance Company, the question was not subsequently agitated. thy, the House did not abdicate the constitutional principle of ex ile telt sorry in having detained the House. Meats hear.) But mei:dog its discretion over the Acts which it passed confirmatory he felt at the same time that the tenderness and caution with which of charters. As to the policy of the measure, he deemed the Bill that House had ever interfered with the privileges of parties, ex- highly beneficial, and as maculated to promote those principles of rcpt by the prescribed course, and under the especial sanction of free trade which they had heard so highly recommended no the the Act conferring or corroborating their privilege's, should be other side of the House, and in support of which he had uniformly impressed on the House. He had endeavoured to do so by ',hewing! voted. In respect to marine insurances, lie was by no means of the nature of the charter, and the distinct method provided for opinion that we had arrived at that degree of perfection which Irestoring it ; and as on • former occasion he had the good fortune this country was entitled to expect. These privileges, which rune to obtain the support of the Chancellor of the Exchequer, he i were so unwilling to extend, were confined to two societies. The trusted he would also have on that evening the advantage of the lion. and Learned Gentleman next adverted to the report, wh eh argument and the influence of the Right lion. Gentleman Opp- , was ably and skilfully drawn up, and in which the motives site, against the present motion. that induced the measure were stated. The principal object Mr. GURNEY merely wished to suggest the possibility of in-, to be arrived at was, the reduction of insurances to the lowest convenience arising from confounding the two species of insurance possible rate. This could be best effected by competition, to —namely, on lives and marine insurances. which exclusive privileges and monopoly operated as an obstacle. The CHAMSELLOR of the EXCHEQIIER did not enter into As te joint-stock companies, lie did not coincide in opinion with the feeling just stated by the Hon. Member. He saw no grounds, ; those who opposed their formation ; many and important advan either in policy or expediency, fur pruhibifing the union of the two tages were derivable from them. They undertook and *morn. branches of insurance. The question which he had to ask himself !Malted objects which it was impossible for individuals to engage was, whether, upon principles of equity or justice, there was any in. Were it not for such corn tins this town would not now en • ' objection to the present motion, sr to the mode by which it was at. joy the facilities it possessed in lighting the metropolis, and its tempted to attain it ? As to the policy he had long since expressed supply of wa'er. It was through their noodium that such facilities a decided opinion. in 1813, when he was President of the Board had been effected. He was a sufficient time in Parliament to re of Trade, he had given that opinion in favour of the removal of these member the first formation of these companies in 1807, when, restrictions. The argument of the lion. Member for Penryn (Mr. through the competition that prevaileslohares which were selling for trienfell) was not, in his mind, an unanswerable as he seemed to , 10,000 L were reduced by two or three thousand pounds. After a consider it. The charter was granted upon the condition of receiving few further observations in support of the policy of jolt t-stock coin. from the Company :100.11010., and of that suns only one half was I panics, the Honourable and Learned (gentleman concluded by giv. paid. It expired in thirty-one years. No doubt an apparent diffl-litig his support to the present Bill, front • conviction of its expe citify arose as to the mode in which their privileges, as they were ' diency to the general interests of the country. termed, were to be revolted. They were granted by charter ; and Mr. PIA /MISR thought the rights of private individuate should if the charter was revoked, it must he revoked absolutely. If the be respected and maintained, but deemed it peculiarly incumbent parties went before the Crown they must be prepared (if the Crown on Parliament to protect those rights which were secured by char thought it inert or right, or eapitlient) for the revocation of the ter. in the charters of these companies, the period of their coml_ whole charter, and for the purpose of enabling Parliament to deal nuance was unlimited ; as, on the expiration of 31 years it was re. with this question, so as merely to remove a restriction without at newable, and thus by a perpetual succession of such reheard/ these the same tune committing an art of injustice, the appeal was made companies were induced to believe their charters would not be Mi te Parliament. Ile wok! not see this measure in the light in Welled or interfered with. Ile conceived they held them on which the Hon. Member for Penryn viewed it ; he, on the con.. stronger and more secure terms titan the Bank of England, or even entry, was friendly to it from principle, and therefore he should tbe Last India Company. give his vote fin the motion. Mr. LOCKHART said, that as to perpetual succession, that At this period of the discussion a message arrived from the argument was destroyed by the subsequent clauses of the Act, Cords. announcing that their Lordships had assented to several which gave a power to the King and Council, on any occasion, Bills. They were of • private nature. should the public interests require it, to revoke the charter alto- Mr. T. W I LSI/S1 expressed his surprise at the arguments used gether. (Year.) For his own pan, he had no private interest either ' ' by the Right Honourable Gentleman who had, spoken last in the' in that or in any other measure of this kind, but was desirous ofi alleSate. The reasoning, too, of the Honourable 3lember for Wey- I supporting the Bill,from an improvement in the law which it intro. mouth, on the charter, was, it seemed to hint, most inoinclusive. i dueed. That improvement consisted in not obliging a pox .1 who' If the terms were not fulfilled, the mini paid should be, at all . may have occasion, to sue all the members of die Company. For events, roturned. It had been stated WO, that if this Bill passed,' instance, hitherto* Company might consist of fifteen hundred mem.: we should become the insurers of the world. This was perfectly berm, and an Individual, having a claim on that Compeer, was ' absurd. The rate of premiums for insurances at present was lower übligcdto sue in the name of Mein all, and his suit was often re. COTIEURTAN WAX ()F len MHE H( ) .DERS of the HONI)S which ar e to Le 1 Exchanged on the lit of June next, or on any subseqwn t day, are requeoctl to send in the Numbe-a and Amounts of t!...f Bands, one day previous to their calling for the saute, to the C0...v. in g -lio u . e of !thrall. Herring, Graham, and Powla, Frees t court, Conthill. ArkiST IrnE Proposal for instituting a %I'EST lL PANV orPrinated in the ,mint design of benefiting ti.r West India Colonies, and of affirding to the existing abundance of capital in the M liar t Minify, an employment a t once advantageous and intim:l , cl'. com , ecoll wiM British interests; and as his Ma. jratv's ffovemment !:;u1 expressed their general approbation of its pritic'pl.s and object. it was not anticipated that any diCiculty would prow to itself in the way of its ot.sl.l,shibent under proper sanction. The public stennrdingly received a pledge (rota the I/irectors in the commencement of the undertaking, that the Subs serilrers to the mopmall capi:sl should not be involved in any bilities beyond the amount of their n—pectire Shares; a purpcse whit!' it low been ft:tient can only be effectually accomp!iend 11 a Parliamentary Of Royal Clisrier. But his 31iijest) filinisters having. after mature deliberation, declined to acquicae (expr ess i ng their opinion that they cannot, cassis:mar with the rale whicji they hare so recently laid down restucting Joint Stock Comp.ini , s in gmeral, grant this privilege to the West India t:onipary) the Pre. .idents and Directors beg to inform the numerous parties who hare so promptly and liberally offered their support to its establialimem, that their Subscriptions will not be called for, and that the I.lan is for the present abandoned. As the applications tar Silares ere t'.. tremely numerous, the Presidents and Directors hope dist it si:l not be deemed necessary to return each letter to the nub , cri-cr, Let any of them will be given up on a request made to that effict, sttl alter the 30th ofJune those which remain uncalled for will he c . c.. greyed. J. W. PR CSIIFIELD. New Back buildings, May 28, 1824. liritigit A7.ll;'S 7 EA 7RE. This Evening, SAT!: V, May gli, will be performed Prinelpfil Perf, writer. :—Madame Hons. S:nor Garcia. Signor Purt,.. M. liegree, Signor Seinen, SOmor (blatant, Signor (liven, be. After the own,. LE soNGE LioNSIAN. NEW TllRA'iliiiiill.li.,intUßY-I,ANE. This Evening. S ‘TI'R HA V. May 9, wilt be performed THE ROAD O REIN. Old Dorntom Mr. Munden ; Henry f lo ra ton. Mr. F.lliston; Guldfmch, Mr. I thriev • Sophia. Wee S. (b o th. After which, SPA NIsH HALLANTS. To conclude with ALL THE %MILD'S A STAGE. THF.ATIIF: JWTAG , COI:RAT-GARDE Thtui Evening. t. ATUR DA V. May 579. will be perfornied CH ARLEN THE SE(1)S1): or. THE MENII MoNARCIL King eliarlea the 5ee..114. Mr. F. Keuilile: Lord Rochester. Yr. Joule t Captain Cupp. 34r. Fawcett: Nary, Mi H. Tree. Aer whic h COZININO; OR, H A LF ANHOUR IN FRANCK. To which will be added. THE HUNTER OF Tlll ALPS. On Monday, King I lehry the Fourth, with the Spirits of the Noon. 31.111.5. Due: 1 Lisbon, 1 Gottenburgh. ARRIVED: 1 Holland, 1 Flanders. Bar•sser.s, MAY 24.—Private letters from Par's say, that the Cabinet of Madrid has rejected the mediation of England between Spain and the new States in South An.e rica, and that on the 6th of this month it had made a de claration to that etti•ct ; that the King will never consent to the independence of his ancient Colonies, but to the decision of a Congress of Europt•an Sovereigns, and that he would exert all his efforts to reduce the rebels to obe dience. IThe courier who left Bogota on the 29th of February, passed the British Conitnissiont rs nn their road to that capital, between it and Honda. The hitter is not three !days journey thin Bogota. The Commissioners had been I received at the towns through which they passed in the moat mthusiastie manner. ----- ITHEATRE ROYAL, ENGLIsH OPERA-HOL'sE MR. MATHEWs ‘T HOME! This Evening. sATI 'lt DAV. May 21 0 . With his ANNUAL LEC CCRE on PECULIARITIES. CHARACTER, and andE Founded on ObsermtionAdventures during his late TRIP TO AMERICA. In Three Pmts. PAX? 111.—A Monopolyingue, called ALL WELL AT NATCHITOCHES. MI the Character/Jut the Fireplug's Entertainment to be represented by Mr MATHER'S. Doors to be opened at Seven—Performance begins at Eight o'Clork. Buses to be taken o f M r . atereuson, at the Sox Mier. Strand En trance . from Ten HI! Five. Under theiCspeetal Patronage of his Majesty. rallX11.11.1: ROTA!. (MIIDE.VS WILL OPEN ON MONDAY NEXT. The Proprietors respectfully announce. t hat during the Recess they have spared neither pains nor riposte 111 render the Gardens every way worthy the dutriiitunlied and general appr o b a ti on t h ey h ave rere,VeL The Aniusenients will, us iisiial. coulirclice with a Grand VOCAL and INSTHUMENT.kI. CoNCERT. At the end of the First Act will be sung by the whole vocal strength, the National Anthem of "God save King," and, at the conclusion of the Concert. " Rule Britannia." At the New Theatre, with appropriate new scenery, new Moors, and new deenrations, Ballets will be represents t. The eeleLrated Mona of the Rine. Academy ot Music at I lets, and late Ballet Master of the Italian Opera Douse, will conduct this department. and, under hisdlreetion, a numerous ('.:cps de Mallet has !wen engaged. Their Performances will rostimence with the Mallet of the Cil I Ncbc a ED DING In which will he int roditeed s.vral characteristic dances, and, among others, a leas de car• cc, calcd the Jugglers Dance. he French Mechanical Theatre has been re-modelled and improved: the Immense apace occupied last seasini by the View of the Hay of Nap.es is now represent a magnificent scene of the Cove of Fingal. Hy draulic Exhibitions will be produced on a superkw stale by Mr. Morris. The Enntoceini, by Mr. Grey. The Figures and Dresses are entirely new, having hen. made expressly fur the Royal Gardens. Several new Co smoranum have beet. added. and placed In eligible situations, which will be changed during the season, was to present a variety of Interesting views and stenery. From the New Castellated Moorish Tower the Fire Works will he exhlli.tcl. The Aortae on the Rope will be made to a Triumphal Arch at the Top of the Moorish Tower, by Mr. Mack ..... re, well known as the surprising young American; mei at Tight Rop e immense height hr will exhibit his wonderful powers on the Tight Rope. Toe ISIMILS will exceed any ever before exhibited in Europe, and will he is...ducted by Madame Hengler, Chevalier bouthby, and Mr. ICEnist. The lihmilisiations will also far surpass those of any former season. The WIMPS and Kefredunento shalt be, as heretofore. of the very best deseription. Supper loxes may be en gaged. aid free admission; for tue single night or entire season may he had. The Gardens will • e open as usual on the Evenings of Monday. Wednesday, and Friday, thruUghlmit the Season, Doors oven at Seven Concert begins at Eight.—Admission, 6d. BRITIIIIM PREP'S commenced publishing yesterday mo rn ing at a quarter past five o'clock. LONDON, SATURDAY, MAY 29, 1924. The influence of the Foreign Ministers and the firm ness of Don John and the Marquis de Palmclla, have ' tranquillised Lisbon, and disappointed the hopes of the profligate Don Miguel and his ambitious mother. The ' King's residence on board the IVindsor Castle was de esive; it brought his vile son a suppliant to his feet. That abandoned boy, dismayed by the measures his father had adopted, appeared on board the British vessel, on the summons requiring him to do so, not in the garb of autho rity, but cempletely humbled, and acknowledging the crimes he had committed, and explaining how he bad been s.duced from his allegiance. Pan John, surrounded by the diplomatic corps, had unwonted firmness enough to reprove his profligate son as he deserved: a Royal Decree immediately issued, removed him from the command of the army, and in consequence of a subsequent order, l)on Miguel went on board a French frigate in the Tagus, on the loth, about to sail for France, where this profligate was to pass some time, removed from the scene of his ambition, and travel for his improvement. The Queen (Charlotte Joaquiina) by another order, had been pro hibited from appearing at Court, and was confined to the Palace at Mofra, where this intriguing and wicked woman was to remain under aut veillance. The Portuguese Monarch quitted the Windsor Castle with reluctance. On the after. noon of the Pith of May he entered Lisbon again with reluctance, but the royal authority was supreme in the capital on his re-appearance. The Foreign Ministers ac. companied the King on board the British vessel, and were present at the interview between hint and his son. Their firmness saved Portugal from all the horrors that would have followed on the plats of the Queen and Don Miguel being realized. A circular soon after was addressed to the commanders of the several Portuguese corps, aatiouncii:g the dismissal cf the Prince, and charging them not to obey any order issued in his name. A subsequent order, from the Intendant-General of Police, directed that all persons illegally arrested on the 30th of April, while Don Miguel usurped the authority, should be iteneeduttely vet at liberty. The entire of the orders and decrees issued in the name of the Portuguese Monarch, were dated on the 9th of May. on board dm Windsor Castle. The Suppkinent to the Lisbon Gazette of the 10th, contains a proclamation of some length, dated on board the British ship the pre ceding day, in which the alarming events that agitated Lisbon on the 30th of April and Ist of May, are detailed, and the Prince Don Miguel is severely censured for having been influenced by treacherouts counsels, and committed acts in the name of the Monarch which he had not sanc tioned. This proclamation speaks indignantly of the vio lation of the sovereign authority, against which the diplo matic Ministers had protested. It then assures the inha bitants of Lisbon that judges should be appointed to investigate the cause, of the recent events, and to punish the guilty. To this proclamation, after announcing the dismissal of Don Miguel, was added a decree, announcing the ro-aseumption of the command of the army by the King, and the formation of a Council of IVar for lesublZ the necessary orders to the respective corps. Thee, the jetted on steamt of the omission of oNe narnN In his seepud suit a similar mistake was likely to occur, Slid thus dill suit was lost, and the complainant burdened with the costs. From this grievance the Bill gave relief, by enabling persons to sue the Society through the Secretary, and not obliging to sue iii the name of all the members of the Company. This made the property of each member of the Company liable. Mr. Olt was unwilling to interrupt the !lon. ftentle man, but the discussion was on the repeal of I.art of the rah of tietwge the First, and his argument referred to a rrineiple contained in the Alliance 11111, which passed that House, was now before an other House ot Parliament. (ITeer, and a laugh.) Mr. IA 11.1 it T resumed. llr was w.irc that :'tat Bill had already passed, and that the principle he was then stating wronld receive increased confirmation from the Bill now before the iloit.e. Mr. MANNING and Mr. PELHAM mad^ it few observations, in so low • tune as not to be distinctly audible in the gallery. We understood the former to be opposed to the measure. It was un necessary, in his opinion, to pass the present Bill, as it proposed no facilities or advantages tot instil:tom that could not already be pro cured and effected at Lloyd's. Mr. ROBERTSON 10,W amid loud cries of " question." He could safely assure the house he would take up a very short time in stating the objections which he entertained to the present measure. He did not think the assertion too strong• wren he said that the East India Bill of Mr. Fos did not inflict more extensive mischief than would be effected by the Company fanned with the powers of this Bill) at the head of which lie sew the met influen tial names in the metropolis. ‘‘'ho were to be found at the head of it ?—Mr.Rothschild, Mr. Baring, Mr. Irving, Mr. Alexander, and every powerful representative of the monied interest in the city. Who could resist or cope with the combined force of such wealth and influence? Mr. Rothschild ! who was not only engaged in large money transactions with this country, but with every nation in Europe. The underlings of such a company would be under writers who would engross to themselves the whole business of the country. He was sorry to see Ministers lend themselves so easily to every suggestion that came from persons in this city, who might happen to possess a large mass of money. The present was Ul.g, however, of the toasty acts in the mismanagement of our commer cial policy, of which Ministers had been guilty. lie would refer to the navigation laws, and to the reciprocity duties. It was in. tended to modify the former, but Ministers were not satisfied they should be destroyed. As to the reciprocity duties, which were I introduced only last Session, how had they been acted upon by other nations? America refusod to act upon them, and adhered to the system she had previously laid down for herself. The Freer!, preserved their duties above ours, and declined lowering them. The Dutch alone partially assented to them, and they did so only on account of the market for the consumption of their raw mate rial, which they found in this country. Next came the haw of Merchants' BA On the first reading of that Bill every practical man, who spoke upon the question, agreed in opinion with him (Mr. Robertson) and on the second reading not a single practical person appeared to oppose his opinion, yet was he left alone on that occasion, and the House had now experience of the effect of their legislation on that point of their conimercial policy. The CHANCELLOR of the EXCHEQI•EIt rose to order. The Honourable fientlernan was entering into a discursive review of the policy of the Lot three or four years, and not speaking to the question now before the House. Mr. ROBERTSON said, that he conceived he was perfectly in order, as he was only speaking of that policy of which the present was a link. (Cries of " Chair, chair.") The SPEAKER said that the Honourable Member surely could not consider it consistent with the order of the House, in a discussion on going into a Committee on a particular Bill, to dis cuss whether or not our general policy was beneficial or detri mental to the country. Mr. Robertson did not resume : and t h e gallery was ordered to be cleared for a division, amid loud cries of •• Question, question." The House then divided— Ayes, bl—Noes, 3? I Majority, Pi. The Bill was ordered to be committed on Monday next. BEER BILL. —.— The CIIANCELLOR of the J.:XI:HEW:ER moved several clauses to the Bill, which were agreed to. On the clause for doing away with qualification, and permitting ale brewers to brew small beer on the condition that it should not be retailed on the premises on whit h it rat brewed, Mr. Alderman ROOD comylained of the lateness of the period at which it was proposed to introduce the clause, as it deprived the parties interested in the Bill from offering their ob l eclions to it. lie suggested that the best mode of sat i‘fy iiig ail ' , Attics wollid be by abolishing the licensing system altogether, anti placing t! tax on malt instead of beer. _ _ Mr. Hl'3l implored the Chancellor of the Exchequer to Allow the people to brew and sell beer just as they pleased, sod to relieve the trade Irons all restriction, and to free it from the trouble and vexation of exenic. Lord I'AL3IENSTON movcd a clause, reserving to die Vice. Chancellors of Oxford and Cambridge the right of licensing, u heretofore, within their jurisdiction. The House went into a Comrni:tee un the additional clauses. The report was brought up, and the Bill read a third tinte and passed. IRISH CLERGY R E SIDENCE BILL. On the motion for the third reading of the Irish Clergy Residence Rill, Mr. HOME said, that it had been his intention to a clause, disabling the Clergy to sueclause, los their tithes un they had been resident on their benectio tue nine months in the year: but u the Bill had reached such a stage, he should not now move It. Sir JOHN NEWPORT ob•rrved, that the Bill never could be effectual unless it was accompanied by some such provision as sug gested by his Honourable Friend, and also for the destruction of pluralities, as he was convinced that they were the great cause of all the evils of the Irish Church E•tahlishment, and the means of depriving a large portion of the people entirely of spiritual assist ance. Pluralities were only serviceable in enabling the holders of them to amass large incomes, out of which enormous fortunes bad been saved. Mr. tiOULBURN would not consent to bind up the Irish Clergy by penalties. as if at the outset they were objects of suspicion. They were selected from persons who discharged their duty more from conscientious feelings than from pecuniary motives. The Bill was then read a third time and passed. SCOTCH JURIES BILL. On the motion of Mr. KENNEDY, the Scotch Juries Dill, after a few observations from Mr. 11. Laustuostn, was read a third time and passed. The other Orders of the Day were then disposed of, and the House adjourned at Twelve o'clock. PRICES OF BRITISH Bank Stock 2:31 227 h 203 227 3 per Cent Reduced. 94i U 1 3 par Cent.(!ons. 9N 115 941 Old 34 per Cent. IU4II 101 New 31 per Cent. 1001 4 per Cent. 11171 1 bong Ann. 22. Iniperill 3 per Cents. Bank for Act. Cons. for Act. 95i India Stock ?UN 94 STOCKS VESTi: R V. I I ndia Bonds, BO 78 110 pm India for Account, south Sea Stock 11161 South sea I /Id Annuities South Sea New Annuities Es. Bill.. 1.100. 33 31 :13 32 311 Dit,o, Mai/. 33 31 33 32 36 pm Datio, Small, 33 91 33 32 36 pm Indorsed ditto, Lottery Tickets PRICES OF FOREIGN Austrian Bonds 94 Ditto Acct. 98 5f Chilian liondr 79i Ditto Acct. 781 t.olomh. Bond. 115 t $ I Ditto Acct. 851 $ t Ditto Scrip $ t ♦ lnn Ditto Acct. 111 pin Danish Bonds 102 Ditto Marks Banco 1194 Greek Scrip 8 9 1111 sits Ditto Acct. 8 71 10 dis Mexican Dor:chilli Ditto Scrip J a 11 31 4 pm Diu) A wt. If a 3 $ $ 3$ 11 I pm Peruvian Ronda Ditto Ace. 5 4$ F. dis Portuguese Bonds 941 Ditto Acct. 04t STOCKS YESTERDAY. Prussian Bonds Ditto Acct. Ditto Bonita (I& 2 2) 98} Russian Bonds 103 95! I Ditto Acct. 96 61 Span. Cons. 20i Ditto Acct. 203 Ditto 510 Bonds 21! I Ditto 170 & 233 Bonds Ditto 113 Bonds 1 quo 6 per Cents. (1823) 151142 Bonds (18 2 / 1 Anrlo-Mexican Nines? pm United Mexican Mines French Kenos Inif. 103 t. 75e. Exchange 251. Inc. Ditto Scrip 17 16i 17 pm Ditto ,tcct.ll4 pm Exchange COURSE OF EXCHANGE YESTERDAY. Amsterdam C. F. 12 3 Leghorn Ditto, at sight - 12 0 Genoa Rotterdam 12 4 Venice Antwerp . . 12 5 Malta Harnburgh 37 6 Naples . lAltona . - 37 7 Palermo ' Paris, 3 dap • sight 25 43 Lisbon Ditto - - 23 75 Oporto Itotardeati: - 23 75 Ilio.laneiro Berlin - - 7 10 Bahia Frankfort-on-the-Main 1M Dublin Petersburgh - 2 Cork l'ienita . Trieste Madrid ii Cadiz . Rabat Barcelona Seville Gibraltar - - - 27 - 4.3 Mi . - illf 43 - 4M 19 V 10 9 7.1 35. 1 344 suLLtox. Z. 4. d. Portugal Gold in coin 0 • 0 Foreign Gold in bars 3 17 4 Now Doubloons 0 0 0 New Dollars 0 4 0 Silver in bars 0 4 Ilf 114 ~!k ~f ~~