The British Press; or, Morning Literary Advertiser. — London, England, 1804-05-24 00:00:00

NAVAL INTELLIGENCE. POITSKOUTH, 94 4 22 Arrived the Mrlpwatar frigate from a cruise ; • iv . we, of SS rum. from Plymouth; Scourge sloop cf war. from dm Eastward ; and the Thames, Walsh, from Jamaica. Dropped down to St. Helen's, the Braabee, o f 44 gust, Royal Charlotte, Perseverance, and the Net. Nod by for the D.% six sail of homeward. booed East-Indiansen.—Wind S.S.E. YARMOUTH, MAY 22. • large ship, name unknown, from Amsterdam, bawd to Tonningen, is detained and sent into these " tired Toe Sisters, Renders, Master, from Keil, to Amsterdam, with timber she is sent in by the ra ft P.. Lewis. Master. with Cd r e mer il _ De Lg . :7 Vail Dc Fathom, Raolt;. with corn ; Anna Cathc said. Mocks with oil, &e. all cut out of the Elbe, W the Sara; aloop.—Wiad S. WEAL, MAY 20. Wind B. W. Bailed L'latisortahle fsig.tte, on .t anise aff Boulogne. Resent in the Downs, the ,r,verch, [(las piers, Utrveit, and Ardent men of war ; L./ Virti.did frog.ite, &meal sloop of wat, 2. bra bomb, gun.butg. Abhirsok schooner. and the Speculator lu,Ner. which /us a signal for a convoy to the Etstw.srd. TROD LLOYIre r. G11t6.3.111110, M4T 911 , —Peased bv the Tire fir.th.S • —, Naas No omit; Sophia, Hart, foam Hmshittgh Consolim ; and the Overwaring. —, from Etillition TAW Shit C.n•Fl Intent, lieslnet ; awl Chnsce, l Imk ; for Gibroltdr . ; Eirtosa, Ho tney, for St. An., Smith, tot Wasoefooll Rangiir, Webarr, for Vartlls; Cniotanti.l, Le •Isoon, fee Eloneur ; Vigilante, Hettees; Susaurise, Ro elof* i ; sod Lie Jo,:g3 Jan, lindieri, for Embden. LICTRACT FROM MINUTES or EVIDENCE Tabu trine the Cnmmittec appointed to enquire into the fiats of Ireland, as to it. Circulating Paper ; its Specie and Como Con; aud, the Exchange notweei that port of the Vinod King4oun and Gast Britain. Ih. light Hon. JOHN RATER, in the Chan. (Continsad bons our how of Monday 1,41.) Wavrea Boaetiwas. Elm's. examination continued. De cosceive that theilank of Ireland. being to &secant under the legal interest of the einuitry. in the necessary iluauations in the money markets. it must not enable private bankers to issue their paper to a great advantage in competition with such hen& I—As far as their credit went with the they. like other people, would be glad to bot stew at 51. and lend at 61. If the issue of the Bank of Ireland Notes was re deemed. would not tin issue of private paper be aubmitated in its place? I should think it would cossequeudy. follow ; bat geadensen in Ireland are more competent to earner. . Whet is the price of sold bullion in the English anerkett 'Mere is very hale there at present; but I Wigs at 41. Is. per ounce. Have C r ut heard of any considerable quantity of ha be mat from Ireland hem or from to Ir land lately ? Nowt notwithstanding tj al d va : l7t°( timill uld :juiag pro cured ferns Ireland mitten. I do not believe our house has received 1,000 guineas fir the hat three years. Explain why you conceive holders-cif guineas in goy part of Ireland did not avail themselves of that edvantage by sending the guineas here ? Guineas loin the internal circulation of the North of Ire- W, the persons there are obliged to purchase them at a premium, therefore the bottlers of them get that premium on the bills of exchange they take upon London at 7 or 8 per cent. Whit do you conceive to be the cause which pro duces that premium in the North of Ireland upon those guineas ? The scarcity of the guineas, occa sioned by the demands for them to transmit to Eng land in consequence of the high esch.inge, and, as I have understood, by their being hoarded. Have you known guineas purchased in this country? At present I - understand 2 per cent. has boo given by persons for the purpose of having gold by them in case of invasion. At the present rate of Exchange, what should be *ermines given for guineas ? 8 or 9 per cent. When in point of fall no guineas come to leg bed, is it not your opinion that the premium whirl' bear in Ireland is for internal purposes of and not with a view to be exported for exchange am told the colliers, going to Dublin, will only take guineas, but I know of no other means oftheir caning out but to defray the evinces of travelling. (Qattara repeated.)—l know of no other means, except for those tyre purposes. Met premium is given in Ireland for Bank of England Notes depends upon the rate of ex amne I at sleepresent non 10 pereeet- Are you aware of any diference between the pre mium given for guineas in English bank notes ow. Have yon known of any guineas 'being sent from England to Ireland, during the list foils years ? Not that I know of. Have any circumstances lately occurred. which have tended to prevent the introdudion of gold pur chased in the markets of Europe from being brought into Ireland in the shape of coin in the ordinary essanner, and at the accustomed upence !---There harm State the reasons think that the restraint nn the payment of gold _at the Bank of England, and the tendency to hoard money in this reentry, re sent its canning from Great Britain, and that the state of melange between Great Britain and the Continent. which is unfavourable ip a small degree to Great Britain. pretests its coming frum the Con tinent. • Did you ever know at any time of tl •Tre being a kWh= market in Ireland ?—i never heard there was, but am sot qualified to speak with certainty. Are all the foreign exchanges of Ireland traasaaed through London ?—.They are.. ' Is there any coinage in Ireland ?—I never heard of any. If the most mantifaeturing distrins of England, to the extent of the Ith of the kingdom, would take nothing bat gold in payment at this period, what eft's& do you think it would produce on the demand for gold in other parts of the island, and what aug mentation of the premium given for it in exchange for paper ?-1 think by increasing the demand for gold, it would increase the premium, and conse quently a depreciation of paper just in the proportion and extent that the demand went, supposing the re straint to exist on the Bank. What is the value of Bank Stock now in Ireland and in England ?—The last price which I heard fur Bank of tneland Stock in Dublin was 1451, and the last for Bank of England Stock was 156. The Irish Dividends 71, and the English 7. Do you know what was the exchange between England and Ireland, in I 800 ?.-1 01 to 12 per cent. was the exchange here upon Dublin. Do you know that any great and material incon venience followed that exercise of Government, which affesned the Exchange, in the year lan% by taking Irish Bank Notes at 9) ?—lt was in 1799, there was a tendency in the Exchange to rise equi valent to the depreciation of the Bank of Ireland notes, which induced the merchants in the Irish trade in London t 5 meet, and attervrardc to wait on the Chancellor of the Exchequer (Mr. Pitt), to represent to him the d,inculties which were growing in the csn- mercial intercourse between Great Britain and Ire land, in consequence of the high exchange, and to intrrat that some measure should oe adopted to les sen it, if not remove it altogether. Mr. Pitt in con -1 sequence agreed that an instalment nn the loan then depending, which h id been raised in Great Britain for the service of Ireland, should be received at the Bank of England in Bank of Ireland Notes at the exchange of 9: per cent. which had the are of lowering the then exchange very considerably and proportionably, taking off the depreciation on the 11ates of Ireland, and the exchange at Dublin was immediately reduced to that rate, or nearly so, and all the remittances out of Ireland, whether for payment of imports, or of rents to absentees, or for remittances to the Bank of England, passed over at this exchange. and continued to do so, so long . as the exchange of Bank of Ireland Notes continued at the Bank of En a nd; and this principle was supported . throe the whole sut of the loans of that Admini inn, and even a loan for the service of Irelarld taken by an Irish house here in that administration (1800) was taken in at the Bank of England, at the same rate of exchange, to the extent of about '200,0001. and that about 900,0001. was passed at the same rate in Dublin, under an expel:Utica that when the interest of that loan came to be remitted hack, Go vernment would take acre that it should be done on equal terms of exchange. In the next administra tion (1801) similar applications were made to Mr. Addington to take in his loans for Ireland at the Bank of England, at the same rate of exchange, which were refused, as the profits of exchange were thought deserving the attention of Government. and since this time no assistance-has been albrded to the currency of Ireland. or to the rate of exchange, by the transmission of loans, more than their intrinsic weight carried with them. Explain .the words last made use of, " that the profits of Exchange were thought deserving the at tention of Government," . and 011 what communica tion from Government that assertion is grounded ? —I mean that they were remitted over on a more advantageous footing to GovernMent in one way than the other ; and that this was communicated to us in one of our meetins upon taps ozcasion. with Mr. Addington, or M g . Corry, I don't reenact% which. Whether such communication. if any such was made, was uuaccompanied with any other reason for not complying with the proposal of the mer chants ?—I do not recollect there was any other reason given. Explain the words u that since that time no as sistance has been afforded to the currency of Ireland, or to the rate of Exchange. by the transmission of loans more than their intrinsic weight carried with them" ?—I mean that Government since that time have not fixed any low rate of exchange to carry over their loans. What was the rate of exchange before the mea sure was adopted in 1800, of taking Irish Notes at the lank of England ?....The highest rate I recollett is 141._ If there was a difference of 41 per cent. or any other difference between the real exchange, and the 94, at which the Irish Notes were taken at the Sank of England, where did the loss fall so far as respeSs the amount government was concerned in ?—I sup pose the loss fell in the first instance upon the Irish Government, by having a less sum to bring to the credit of the loan account, but that loss afterwards was recovered by the improvement made upon the curreascy of Ireland, which was mailly in propor. non with the reduction of the exchange, or the loss inlithe first instance. Do you consider the fluttuation in exchange as an evil to the countrses in which it takes place ?—1 do not. where there is only a balance of trade to produce that fluduation ; but if it arises from a de preciation of currency, I consider it as injurious, as an uncertain measure or weight would be ; I mean an uncertain bushel or pound, and that is the bane of commerce and of confidence. Do you not consider the operation you have de scribed as having caused the fiuduations in 1800 and 1801 think it had a tendency that way, but it was not adequate to produce the whole tired. Would you consider it as an eligible objea for Administration to enter into the market far any other commodities than bills of exchange, for the purpose of raising or lowering the market for such commodities ?--I think if Administration confined themsel. es in the market to one channel of purchase, arid kept down competition wising from their own purchases, there could be no objedion to it ; if for speculative purposes, I think it would be improper. No 4,C-, At the tine the seta were toceived at 91 per cent. what was the rate of exchange of Loulon un Dublin believe it was here 101 • but I am cer tain as to Dublin, that when the h ouse of Bogle. French, and Co. were taking in Bank of Ireland notes here for the loan 1800, their agent in Dublin was drawing upon them to a much greater amoun (at 91) than they were exchanging Lae at the Bank of England. Why did your correspondeat draw at that rate of exchange from I reland ? Because we I iad ags eed with goveinment to take in Bank of Ireland notes at 9., for the English proportion of the loan of '2,500,0001. which was ab.,nt 1,700,0001..0 be paid to the trea sury of Ireland. _ _ Did the exchange fall here at any time so low as 94 during . the above operations ?—Not that I re member, it would have been under the staadard if it had ; because a bill on Dublin a' '2l 41.4)s sight, which regulates the exchange, w0u1.2 not have been so valuable as a Bank of Ireland note. If the restridion on the payment of specie by the Banks of both countries were taken off, would it relieve the difficulties of Ireland as t I currency and exchange ?—Cettainly. Could it be taken off the Bank of Ireland, with out being taken off the Bank of England, kith safety? 1 think it could nut. Can you assign any reasons ?—Because specie be ing at premium in both countries; even if the Bank of Ireland had sufficient to answer its own circula tion, the wants of England would extend to it and bring over the specie. Are you of opinion that the restridion could be safely taken off the Bank of England ?—I think not. The other remedy you proposed being paper, as gold could not be had for a common circulating me dium, and a consolidation of the banks being the means in your opinion of procuring a common pa per between the kingdoms, exchangeable in either country, do you think that would be any effalual remedy ?—Yes, for currency and exchange. Are the inconveniencies which Ireland feels, in re sped of currency and exchange, temporary ?—Yes. Should you think it wise to adopt perpetual means of consolidating the banks to remove a temporary evil ?—I think that the measure of consolidation would ad fa7ourably to Ireland during war, and that in peace it could do no harm ; and if unfortu nate circumstances should again bring back a re newal of the existing evils, that it would prevent the ill rife.% now complained of from returning with them In case the two Banks should disapprove of the cansnlidation, does any thing else occur to you to alleviate or remove the evils ?—1 think, in such a c;rcunastance, if a loan, suppose of 3,000,0001., was raised in London for Ireland, that the taking in of that loan at the Bank of England in Rank of Ire land notes, at any fixed rate of exchange below the existing exchange at the time, would reduce the ex chai ge on all opetations betsreen England a.i,l Ire land to that keel, as long as Bank of Inland notes continued to be so received at the Bank of England, and assist the currency of Ireland in the same de gree exaaly as it assisted the exchange. Would not the sending of Bank of England Notes into Ireland havethe same al.& ?--It wotll.l precise ly, so long as those notes arose from a loan, ur any demand which Ireland got upon England. Would the supposed loan of 3,000,0001. operate AS a permanent remedy, or would the measure re quire to be repeated to produce permanently the fa •,,urable 'frets stated ?—I have stated it to be an alleviation of the distress of Ireland, and not a per manent remedy; and I think the good eireas would last so long as the loan continued steadily to be taken in at the fixed rate of exchange. Do you conceive, that by the operation alluded to the isue of Irish Bank Notes would be augmented ? Ido not think it would materially. In the former loans transmitted on this principle, the Bank of Ireland had an interest to enlarge their issue of notes in order to bring them over, because these notes were exchanged to the first instance for Bank of England Notes, which produced a quantity of specie in return, and this specie being paid into the Bank was a justification for an enlarged issue; but in the present circumstances, when the remittance of a loan probably would not produce the remit tance of a guinea to Ireland, there could be no jus tification fur an enlarged issue. [To be cont,nued CORN-EXCHANUL, Wausicsou, MAT J. Having many of Monday's remaining samples of Wheat in hand, and several fresh arrivals to-day, make a good supply ; the best ready keeps izs price—but other sorts have difficult sale, and at loss. Fine Dantzic stis. per quarter. Rye at less ; and having no large q t.rntity of Barley or NIA!, keep up their prices. LW: conic in good supple ; and to-day they fetch a small advance. In tir:icr articles no particular v.t:i.ttion. Fine 13 hoar :2.is. to „ifs per barrel. of Icv.t. 3qrs. CUHRFN I PRI. i. OF GRAIN WA-at 46..96 51.. I '1...k 1i..-....• .. .6. "..,, U., Fine ia. :.4. ...1... 6.1 t)........ ......• t' . • •...I Kyr 24.. 26. 61 1.61.1...:. ...... - : -'. 6 • Barley Matt \ll , tote Pea. ..i•s 41. (11 &knurl... ... .!.. ';4.. :i 9 . 0.• ISCh , • . AS. AA. 6.1 ST ,t .s. tIIDAT ~. .k, k.. l7 117: o.lto . S Kos 1r• ht , JCK tEd inn Ulf ICS Se. ditto . per Cent 1711.. . Flie l.ott•ty I sank tor India for Co;isols to• d%i it.,: Stxl• 8 vA:•, r::1,• 9, Ctwang Crl.s London: Printed by .1. BL*cL, No. , Goldsmith's -court, Great New -street, and published by W. Witt-, at the Office, No. 15, Back of St. Clern:nt's, Strand. Advertisements, t. (.• u.ucaw~rs s 1 the Editor, received at the Office, and by the following lincltsellers: Messrs. BARKER and Soft. Great Russel -street, Covent-garden ; Mr. 1. Kees No 19u. Oxford-street : Mr. Row, No Great Marko:trier et set; Mr. Harcs•an, No. I;ei, Piccadilly Mr. Balta.:, Bridge-greet, ‘Vestminster ; Messrs. Muct.citiouc and Co. No. yt2, Borough; Messrs. P"P•ouNt And Sott, Ladgatc-hill; :Messrs. OGILVY 2Dai SUM, 315,Holborn ;Mr. J. /Straits:a; ; Fens, 'kr, Mitotic's ; th: J. Meer, Ne. 164. lligh-street, Sliadwelli Mr. (Warts a. et: Pall :40 ; Mt. kavitosos, No. 13% Gtzfeed.etaert the idiscipal Seeksellers in Lie Umersa ilinMem• Pt IC I' OF TI Sill Wink Stock 14 15.: 3 per C•• , ,t k .. 55j 55 511 pert. •nt C••n• thrt ♦ pe. C. nt ...... 70 Islet Cent Na.y •Jii t 5 per Cent Long A un. Short An P. , lopai•1 per Cent Set 54! i Mt° Aolllllt.pa. insit 5 yortC..fit thtto Annott .41 Deferred Stock. PRICE OF IRISH STOCRIS. MAT IT. Government Deb. 31 per Cent..... O4 Ihtto, 5 per cent. .. .. .. ..99 991 Ditto Stuck, 51 per cent tin Ditto Mock, 5 per Cent .. 99 P9I Grand Canal Loan, 4 per Cent... • .71 IMto 6 per cent 4;l COO It Si: OF I VA IA Nin.ter.tain 2 21U Ant Snell( 37 6 I I 3.,tivrd.o.i c. f 11 2 . ..;6 1 21U. %Ilona Ai 2 24(1. 7 i).no Ui 2 U. 15 ~:i.leAux 34,1 :JAM 1)111u faslLaa 1. , aholn Genoa 4l I /Islam WI London (May Bri:ast an London (Mar Be:Last on Dublin (May iGE. TULSDAY, 1 IRV ?2. Venice '59 Nal.le. • ' , Won 4/v.'?" Dubin) erti no Portug:o Cinld in Coin t Ver Of. .Ib! . .out New Matt: s , Silver In Hats 0 0 0 New L. , ui:eae:. • • 0 0 0 Agin on the !Sauk of ifoltae4 01 per Cent. • 1G) 14 15). 13) 9} 10 di days. CO AL EXCHANGE, MAY N. Rest C 0.!,,. im the Pool, per Chaldroo 4.a. C 4. Delivered toliou.okeepett at &Oa. CA- Swiderlaod, p.r Cha!droll ate. Da_ bei,vered to Housekeeper. at HIGH WATER AT LONDON BRIDGE THIS DAY, 52 awn atter 1 BIRTHS. On Sunday last, at Bishop mar Beverly, tbst Big% Hon. Lady Mis'grAae. of a daughter. On Monday sennught, the Lady of Eau Hittst7 Bond, Esq. of Maim Hall, Greenwich, of a son. MAIRIAOF.E. Monday, John Gideon Fly, Esq. late of Deariadave, in Mla Eligabeth Lane Denny, only daughter of Advs:Dasoy, of Not. tinghill, Myrldleetz. Saturday, at St. Margaret's Church. Heavy Hitt, FA. K Wandsworth Coovaten. to Miss Mitchell, of Alanidos•eaus Westminster. DIED. On Monday last, Mn. Filling, widow at the late Thom Filling, Esq. _ _ On'§oodriy, at his house is Chelmsford, Peter Bernard, gag, harmg seri,ed His Majesty's Forces as Somme sod Apo thecary forty-six years. - . . . 'fumelay. Mains Heckel, of Nieholasaane, aged 41, It a decline, Agent for East India ships, for a number of des Wedamd.tr last, at near Exeter, Mrs. we. of Mr. Goodall, of Upper GuiWord.street. Lately, at Woodbridge, after a long ailictron, much repeal. ed,in the 78th year of *is age, the her. William DeJaya Ilumphrcs, A. M. Rumor of Beatings Magna, in Suffolk, and of Crowntho , p, in N , /rfolk. He was formerly of Trinity Coils( Cambridge, whore he proceeded A. D. 17.117, A. ads 1751. Lately. Capt. John Knights, of Woodbridge. o evenusg, at his house in Wareottit, aged n o Mr John Gdt, only sun of the late Reverend end Lomond Dr. G.ll. SALES BY AUCTION. ANTLICIARIAN an/ TOPOGRAPHICAL PATNTIKO4 DRAWINGS, PRINTS, BOOKS, &c. By Mr. RICHARDSON, . • •• — - - At hit Hone-, No: 31, the Corner of Villiers-street, in the Stand, THIS DAY, at Twelve o'Cloek, A COLLECTION of PRINTS and DRAW INGS by Raboloui, Day., aitirtin, liearny Igiute. Rotrait, Sandhi, Shepherd, Turner, and Warley ; a (WI PICTURES by Anvil!, Barber, Itathbons,• Wilson, earl W7.g`lt of Derby; RARE ENGLISH PORTRAITS; a arid; Coneffinn SUctitS, including a Hissory of Enema. trots ; and a Col:action T•wards a History of Wiltshire, ii !nitrated with a large Ntrober of Drawbar, Sketches, sal Pnno, in 2 large vole &c. &c. To be viewed on the ?kora** of Sale ; Cabolesigets .ay Iste had of Mr. Richardsoo, No. 31, Swami (pr ice Sixpence); and of Mr. Clark, Bookseller, Boodowerit. PRINTS, BOOKS of PRINTS, corral PLATES by BARTOLUZZI, PRINTS Framed and alaiee,&c. - By Mr. KING, At his Great Room, King-ervet, Covent Garden. THIS DAY, at Twelve o'Cleck, ACOLLECTION of PRINTS, chiefly modem. many ,n colours; some Boole of Paints including MO. moire, de Gtamniont, Newt° ; Lae stees Pboysiogoomy, I looter, Thin! five Nuniben ; a Copper-plate by kartovsai I the Portrait of Ronapane, with Seventy capital Prods; a nue. berie Punta framed and ;lane, a fvo Picture, die. May ,be mewed ou this day, and Catalogues had at the Room. !WOKS —Hy Mr. KING, At his Gre:a Reom, in King.streer, Covent• Garden, On .S TV RIMY next, 4 Twelve (Murk, (ZUND!IY DUPLICATES of a NOBLEMAN'. LISR.%Ft Y. Amine them, liful.indthead's Chronicle•, imeerdingly fine cnpies; Guidele's Wee. w.eksitire, plats. by Misr; Fuller's Worthies of England. K.oe's Ruyal of Cho hire, and several ctn . 's= Ky. aft/ T y x viewed on Friday, and C.talugues then had at the R . : LEIGH, SOTIIF.BY, and SON, .%! Ytick-street,CorentGarden,Va.MOßßOW a:A SATURDAY next, at Taelre &Clock, 'I I IIE s.:lea and valuable LIBRARY of warm 1 4:1,1 carious BOOKS of a GEM TLEMAN, Ltiry . ; ....taming a chose collect.on of Rooks of Prints CLa•slia, Ire many of them are on g- Paper, in superb Moroc , zn anal biad:lls: rr.,. rate and valuable Articles. the Nl:thrift net 40llacdOrleans, 2 turn. large Paper, Mee. i.5.,7e d. Nu-den, large Paper, Russia; Thoroo,'s N•,: ,g Iturna; Ramer's Ovid, Yap:r, ti •• Viage it amusi , ), 3 tom. Russia; llerodotits Ow , 'Army Papt•• • galt leaves . Rurmanai, late Ivan, gilt gems; 12Jrnsanni, large Paper, ditto; TlOO da Conti, Moment cf Warred Fami!y, 2 tale gift II:ato•T of Poetry, S vols. R.issa, de u riesred to tnaTime , ,f Sale, ad Catalogues had MUM at sale. P.CTI:RES, EN..:LISH COINS, avid NILUAL.S. SHELLS, Sc Sr UT LEIGH, NO fifEllY, and SON. ....—__ O TUESD SFX r. : ) af entire NIUSEL of JOHN LIP , CRAP, 1 F.AI (.4 Ptiokruut , 1:41 , tatn•ng • ver cwod Csiseta•r6 A Stleoi ot and Houk, SU.. 6, ail other C HS beg, likewise exe..tle t are, Kt/MAN CUi . :•N P.: LEIGH, staiiEWs . , aid !:JN. EHURSD Y. ti• • 11.0•Ist. tne osral Day, 21 Gcr..ti-le and Selet COLLV.CTION of Ra- MA\ C•HN'. rid NILD I II.S, Ia Ccpt, Sets. ant • m y •. :17c a the pr:s TteVil Aka • extv.-mte lie ,s 4