The Sun. — London, England, 1823-01-27 00:00:00

FOREIGN INTELLIGENCE. .1111011 THE lETCHLIC.) PAAIS, JAN. 23.—The Marquis de Lauriston, Minister of the King's Household, .is to set out in a few days for the Army of Observation. The Regency of Spain has returned Into Spanish • Cerdagne. Yesterday evening General Quesada had a long conference with M. de Vißele. Don Santos Ladron has defeated 4 division of `the Constitutionalists in Navarre. — The Doke de Guiche, and the Baron de Damas, ore among the number of the General Officers who are to accompany . the Duke d'An gouleme. It is believed that 'Royal Highness Will establish himself on the side of Navarre. A 'company of the Gerdes du Corps is forming, by draughts from the four companies, to accom patty his Royal highness the Duke d'Angouleme. Yesterday the regiments of cavalry which are 'to be sent to Spain were drawn by lot. Thi► lot -fell on the two regiments orf Curiassiers, that of the Dragqens and that of the Chassears. The regi wet& of infantry Which are to march will be , irn• mediately selected. The garrison of Lille haslet out for the Army of Observation, and all the regiments of the „ua►d intended -to 'be sent to that point will goof begin their march. The Army of Observation will be raised to 100,000 men as speedily as iiossible. General Bordesoult is appointed commander of the cavalry , of the Army of Observation. The departure of 'Lieutenant-General 'Gunk minot, Axo, and Itogniat is also mentioned. [FRO 74 THE CONSTITUTIOXWE I .I The reports of war gain -strength every day ~ ; .!!Contracts are spoken of, which would make us believe that the army was , put on a war footing. regiments of the Royal Guard are designated, which are to march after having drawn lots the Cenerals are mentioned who have received orders to prepare for the campaign. 'The Duke of An goulthue is to be General -in=Chief, it is said,and to 'have under his orders the Marshals Mikes of Bel luno and Reggio. The cavalry is tube commanded 4sy General Bourdesoult. An army of reserve is also spoken of, to be formed at Tours, under the orders of Marshal Suchet. But what has carried 'the alarm of the-citizens to - an extreme,is the affec tation with which some journals insinuate that rani ous foreign armies are to he put into motion, and 'that the Austrians are to march towards Nice— the Prussians and Bavarians towards the Rhine. "These are the reports•which are constantly •ctilttted by certain fereign sgents, and also that 'the 100,000, Russians destined so long to aid the -AG reeks, are 'coming with forced marches to cloys :List: the Spaniarda.. Every body knows that :France is the high road to the Pyreunees, and it is known to what.expence every day's ration and 'quartering in the country will cost her. The inances of the three Governments which formerly Poland, to pacify it, are not in very excel lent conditioe, but according to our fanatics, those of France can and ought to answer all demands ; 'for at present nobody flatters himself that Eug land will subsidize Russia to ensure her domi. Hion over the Continent, and to facilitate her acquisition of some important point in the Medi 4erranean. 'lt was yesterday 'remarked that the :English sold large 'quantities of Rentes, anti this cireumstaner contributed not a little to the fall of the funds. This is the more vexatious, as the time approaches for paying the liquidation, and all the calculations . of the 'Minister of Fintmce for 'the two last Sessions will be very much deranged. It has been observed, however, with .pleasure, that-the Jour:tat des Debats preserves a profound Silence on the reports of war. It was announced the day before yesterdat v that it would contain 41 very warlike article, Perhaps it was thought better to .postpone it on account of the strong liymptoms Of a fall in credit and of uneasiness ,:'ranch are so Manifest. We are, however, in the Inost extraordinary position that a country with a representative Government can well be in. It is a xec.eived axiom, that such a Government is it 'Government of opinion, but notwithstanding minefy-nine out of a hundred .people in France •ordently desire peace, and of the insignificant Iraittion which speaks for war, a large number would not see it undertaken without uneasiness, does it happen that war is decided on ? It "is a very dillicult problem to resolve. hetterslroto Spain, dated the 14th inst., have announced in ;positive terms that the Spanish Ministry had concluded the con .ditionsof alonn with a body of merchants and capitalists, by w hich -the latter hare engaged to supply the Government of the Peuin ,attla with several millionwof Realm. It was conjectured at Madrid !:that the English Ambassador had not a little contributed to do • away the obstacles to this new private loan. Patriotism had ~d erived fresh vigour from this circumstance.—(llid.) On the morning of the l4th M.•de Lagarde lout not then de. ;mended his passports. Tim whole population of Madrid was •in arm5...4161(0 ['FROM TIEE•COURTER ritAxcAis.l The public funds have Continued falling to-day. This Till, which WM stopped at the moment of shutting the bar; basaince continued. It is superfluous to say that this fall hay been oc •coadonedby the opinion more and more bellec , ed that War is' resolved on, and that, the part of the Ministry till now favour -able to the maintenance of peace, have thought necessary, for the preservation of their places, to join themselves to the par- Ours of war. Thb Jeurnat des Mbar, which, for the seventh or eight time Within these two months, bat changed its tone, codeine, and line dfconduct, is quoted-as indisputable aittho ' • : Thy by those who, pretend hat the Minister, Whose organ it is, • renounced his pacific plan in order to keep hisplace; it'is one of those sudden conversions very common in the times in which we live, the example of which M. tie Montmorency h iss at least had the honour' not to imitate. There is alsoquoted to -day, in support Of the rumours of war, an answer of his Ex celLsncy the Minister of the Interior to some representations that have been made in 'favour of commerce, from which an swer his Excellency appeared more struck with the doctrines developed in the Nola tithe Allied Powers, than , with that solicitude of Which commerce believes for the intereat of France •it ought to be the apecial object. • To complete the disappointment of sensible nienor to gratify those who are g ifted with gaiety sufficiently tenacious to hiugh at the most serious objects , the Dade gives us this evening a viow of the favourable chance* that a war spina Spain pre • !r ots, I t as t h a t the Armies or the Faith, which have ,not been able to stand against a handful of Constitutional '--aoldiers, will become' invincible, when supported by a hun , died thousand Frtxicli, which hundred thousand French ere' reduced to a body of forty thousand men, assembled on the frontiers. It says also that the Army of Invasion on its arrival 'on the banks of the Ebro, will dictate laws to the rest of Spain, nearly like the French army, mistier:{ of Madrid, of Seville, of Saragossa, dell the fortresses, anti of all the towns, dictated laws to the Cortes of Cadiz, and to the population of Spain. Certainly, the French armies will sustain - in Spain the . reputation of bravery which they have so justly acquired; but it will be very difficult to preserve- in Europe our reputation of an intelligent and enlightened nation, if' strangers read with any attentioa the miserable things that our :Ministerial Jour nals utter every day concerning a war; a country, and a people, of which they have not the slightest notion. We received from Luxembourg . a letter thus expressed, dated January 16 :—" I informed you in my last, that the carrying into execution in this province, the law of grinding corn, had served as o pretext to several disturbances: The Magistrates appear to be little concerned, and till now have made but feeble efforts to repress the disorders. The neighbourhood of the tPrussians inspires more just fears than these tumultuous scenes. It is equally well known in this country as in any other, what use can be made of these circumstances—whatever rally be their true cause. " The troops which were sent into the Canton of Messancy, accompanied by the Sous-intendant, having re-established or der, returned to Arlon. As for recruits, scarcely had the Jule d'lnstruction left it, than meetings much More numerous and more tumultuous than the preceding were formed. It is re ported that the number of individuals Assembled amounted to 4or 500.: eTherMarechaussee and the Guards of the Forest did not venture to show themselves. " ,hundred men from the garrison d'Arlon (it is comp ose d of 15Q arrived at Hollerith yesterday morning , going t ow a rd s ell h Remit , and, if credit be given to common reports this three will hetejee sufficient to put down the mutineers, of which the greater number are armed with clubs and pitchforks. It is certain.that, after the reports arrived, all the disposable Mare chaussic on foot and horseback here and in the neighbourhood, left this morning for the same destination. There.remains in their quarters but,one man. " Sonic disorders equally "serious have taken place at Vir ton—the son of a preceptor, delegated by his fattier, having wished to oppose the cremes that were -committing M a mill, met with resistance. The women, after having daubed him all over with black, made him walk before thern_emeks that they placed every instant between his legs made him fall. This cruel game lasted for some time, andliil he ibund means to save himself in a wood, where he .was tracked for more than three hours. Happily he was able to escape those who par. sued him. " For some days past the employes in Active service, armed.frcm head to foot, and united in squads from 10 to 20, go in the night through the mills in our neighbourhood ; they have not met with resistance, because those who occupied the milk, having heen forewarned, have had time to retire. Ne vertheless, itis affirmed that some accusations of contraven tion have been drawn up. " Already the report is spread, that without a considerable military 'force it will he difficult to put an end to these exe cesses. It has been remarked, that in the meetings both men an. women took the precaution of blackening their counte nances, " At the moment that I was going to finish this letter, we have 'just been informed that the lifaurechartssee has led in three prisoners taken at Iteinich. They consist of a blind man, a lame Man, and of another who is a fool. " I 'kern alsO that disturbances have taken place at Bouillon, at Villere-devant-Orval, and other commune* of the arrondis sement of Neuf-Chateau. " The troops at Hernial are lodged and fed by the inhabi tants. It is related that the inhabitants, only having served them With meat, the soldiers requested bread, anti that for an swer they presented them with corn, begging them to convert it into flour if they wished to have bread. " The future truly can only excite alarm, and if the fiscal system is not ameliorated according to the public interest, these troubles may last for a long time. • " I will make you acquainted with every thing as it happens. The Journals of 13elgiuni still keep the most prolbund silence ; it is nevertheless known that in the province of Liege, towards Gard, there . has also been disturbance. Most of our tax. gatherers wish to resign, and it is the same all over, in conse 9uence of the re-organization, very badly conceived, that has lust taken place." [FUoM TUE JOURNAL DES DF.RATS.] It is certain that the Duke de San Lorenzo has communicated to the Minister of Fureign Affairs 'the Circular addressed by the Spanish Alinister, Senor de San Miguel, to all the Spanigh Legations on the Continent; but this communication, which is in like manner to be made in other countries, was unaccont. 'wiled, in France, by any particular observation,—and the Duke de San Lorenzo has not demanded his Passports. jrnost TUE xourtwAr. DE PARIS.] It is positively asserted that General Curial leaves the com mand he held in the Army of Observation. SPAIN. Madrid Pdpers of the 1604 The papers of the 15thannounce the departure of tl►e Ministers of the three principal Powers of the Holy Alliance. The Russian Envoy left Madrid in the morning of the 14th, and was soon after followed by those of Anstria and Prussia. They all three took the road for Bayonne. The details of the measures for recruiting the army are still before the Cortes; but there is nothing remarkable in the sittings of the Cortes. On the 13th and 14th a great num ber of addresses were presented from dif- ferent public bodies, corporations, the national mi litia, and various military corps, in approbation of the answers of the Government to the notes of the Foreign Powers, and the votes of the Cortes on those answers. A letter received in Madrid from n little town of Old Castile states, that while the factious -leader Merino was there with his followers, lie was informed that the immediate advance of the fq'reucli was expected.] l e _replied- 64 Would they were here to-morrow; for in that case I vow to pay them wina I owe them. I shall give them even a warmer reception than I did in the war of independence." Upon this letter the Universal observes— " This is_whq rc a have always said, ana again repeat ;bat if the French have the folly to invade Spati, all tlie fac tious now inAtms against us will be among their greatest enemies ; 'ultras they have at present only united all real Con stitutionalistOy their ill-adveted notes, so will they then con vert even thisfactiona and the servilles." *Ssaa no 7.A, JAN. 13.—The Political Chief of this town having been informed on the 4th that theunited bands of Bessieres, lloyo Canape, Ulman Matha and Teen, which had been successive ly disledged by the constitutional troops from all the positions which they occupied, were disposed, out of despair, to try and carry Saragoza by a coup de ma i n, took all the necessary pre cautions , for repulsing them with vigour. In fact the attack took place on the :Rh, which will for ever be memorable for this town, all the inhabitants of which, without distinction of age or sex, were full el zeal and, ardour to make the factious repent of their impudent temerity. These miserable wretches had forgotten in their madness that the capital of Arragon in ruins was able to resist WOW French, commanded by the most skilful Marshals. Could they therefore flatter themselves to pollnte our soil by their odious presence ?—They have found either shame or death, and, repulsed on all points to the cry, of .4 - Vive la Constitution;" their scattered and dispersed remains were only saved by bight. Two days after the Political Chief published the following Proelanitiotr4—. " Saragosians !—Some traitors, in the madness of rapacity, have dared tormako an attempt on our town, the very abode of patriotism aid - .valour. Your hearts disavowed them ; your bayonets have , done them justice ; and you are now the sup porters of libeetrait you were formerly the heroes of independ ence, You lutie.meeited well of your.country ;it is delight ful to me to be' the organ of gratitude. "I have seen you,•voluntary militia, run , with indoor to the combat; and swear amidst a destructive fire to maintain our immortal Contitution. I have seen all classes, of citizens ask for arms, and defend with coolness and intrepidity the posts confided to them. I have seen the hopes of your families, the Students of the University, rivalling In valour oar veterans, and our, indetistigable Municipality occupying itself with a thou seed details with a constancy far above my -praia. liaragosians I—Your public promenedes are for the Fe sent converted into fields of battle, and the whole population goes there with the calmness which is inspired by profound peace. I cannot better express my confidence in your valour, than in forming the desire of .seetng all the rebels who are de vastating our country collected on the same point, to come and attack you ; because lam convinced that they would find on your ramparts that death which would be a just reward for their perfidy. " FLORENCE() (lARCIO, 4 " taaragosea, Jan. 1." - " Chief." NEW SOUTH WALES. (From the Sydaty Gazette, Aug. 30, 1822.) In pursuance to our promise of last week, is ttserted the Address that was presented to his Excellency Sir 7.'IIO".tIAS BRISBAXE, on the 21st inst.; and the Reply of his EXCELLENCY is subjoined. To his Excellency Sir - Titoatas BRISBAXE, K. C. B. Captain 'General, Governor and Commander-in-Chief, &c. &c. &c. • We, the undersigned Inhabitant-Landholders, Merchants, and Free Colonistsof New South Wales, beg, most respectfully, to lay befbre your Excellency a humble 'atatement of the em. barrassing and ruinous consequences which, we have too much ground to fear, will result from the system lately adopted by the Commissariat, in paying for the supplies required by Go vernment, in Spanish dollars . • and we ate confident your Ex cellency will give our respectful representations all the consi. deration the importance of the subject demands. We respectfully represent to your Excellency, that as Land. holders, Merchants, and Inhabitants of the Colony, our pro perty is at one blow depreciated at least 20 per cent. ; and, in addition to that undoubted loss, we are further embarrassed, by being compelled to receive in payment, for whatever produce is supplied to Government, a foreign coin of doubtful and fluc tuating value; that, hitherto, all our transactions have been re. gulated by equivalenteof sterling value and denomination ; and all accounts kept, and contracts made, in that description of money,, which is alone binding and legal in the Mother Coun try ; that payments, made in dollars, necessarilyrequire another mode of keeping accounts, and it will be impossible, from the fluctuatin value of that article, according to the demand for it, to regulate, with any . degree of precision, the sterling prices of articles which are to be paid for, in an- equivalent of con stantly fluctuating value. We beg most respectfully to represent, that any attempt to substitute a foreign coin for a sterling payment, must be in efl'ectual in law, dollars not being a statutary . coin of the realm, Unless a fixed arid certain degree of value be given them, by and per force of your Excellency's Proclamation, or British Legis. l a tive enactment ; that, dollars being the sole medium of pay ment, an enormous and ruinous loss (in addition to the fictitious value at present fixed on the dollar by the Commissary), will inevitable be an consequence of being obliged to remit in dollars, instead of. a sterling equivalent.—We humbly . repre i sent, gist, haring no regular packets, or' stated .periods of communication with the Mother Country Ito which all our remittances are ultimately made), we shall be unable to procure either safe freight, or to effect insurances on so valuable a property, as it roust necessarily be uncertain by what ships, or what route, our remittances can be made. We are confident your Excellency must ,be aware, that a system of dollar payments will, induce every species of stock. gambling into what ought to be a fair and honourable money transaetiona we can have no confidence in the impartiality with which these dollars will be re-purchased in the market for Government bills ; we can have no security that these bills will be given to the lowest offer, or, that the specie will not be 'imported from other quarters, and probably bought up— a circumstance which must ultimately ruin the holders of dol lars in the Colony; and, in their ruin, must be involved all die settlers who may have connections in business with them. We intreatyour Excellency to consider the difficulties we may have to labour under, from the decisions of the several Courts of haw. .four Excellency must be aware that the Courts will compel the fulfilment of agreements, and the payment of debts, in sterling money ; we trust your Excellency will de. vise some means, under existing circumstances, to relieve us from the pressure of loss, which must necessarily attend the decrees of Court. W e di) not now ask your Excellency to make a dollar a legal tender, because we are aware of the se rious consequences of such a step ; but, we respectfully ask your EXcellency how it Is to be determined what relative and fixed value the dollar bears, when tendered as an equivalent for sterling, and into'what sterling subdivions it is possible to di vide a coin not of sterling demonination. We are aware that, by Act of Parliament, the duties autho rised to be collected in this Colony, are of course contem. plated to be in sterling money ; and we owe it to your Excellency's indulgence, that, without a sterling circulating Medium, we are permitted to pay those sterling duties in dol. lars at ss. value ; and we 'do not fear but the some forbearance will prevent us from entertaining any well-grounded cause of alarm, lest, at sonic future period, we may be called upon to pay the difference between What we have paid, and what we, by law, are bound to pay. Arise in the priceofneceasaries will naturally induce a 'dollar rise in the price of labour : and we respectfully submit to your Excellency, that it will be impossible, with our property and pro duce so greatly, and so suddenly lowered, to continue to give those wages to our convict servants, which, by the present Ordinances of Government, we are compelled to do : we have no hesitation inartathig to your Excellency that it will be im give any thing like such wages ; and that, passible a a far to respectsacaonti nu e to r the settler, the least serious of the con sequences will be the return to Government of the greater number of convicts at present maintained by him. Although we have only stated a few of the more obvious ob jections to lie intioductwn, of a currency other than sterling, yet we respectfully trust *e have stated more than enough to induce your Excellencyto give this important subject further consideration, before your Excellency's sanction is finally given to the present measure of the Commissary. Being entirely ignorant of the particular advantages that can possibly arise by the introduction of a depreciated medium of payment, we can only look upon it as a measure that (without reference to ulterior consequences) might promise to reduce the expellees of the Colony ; we beg your Excellency to belieVe, that every measure of economy your Excellency may deem It advisable to adopt, *ill be most cheerfully seconded and sup. ported by us ; but, in consideration of the vital interest of this Colony, involved, as we are co nv i nce d It is, in your final de implore - termination, we' your Excellency to consider, whether other and more efficient means, to obtain those desirable ob jects, may not be resorted to, rather than affiird a nominal and fictitious relief to the Mother Country, by substituting a depre ciated currency for a sterling one. We most respectfully entreat and hope, that your Excellency will, on a full consideration of the statement thus submitted, give such directions for the future guidance of the Commis sariat Department as will relieve us from the serious loss we have already experienced, and the difficulties in account and general transaction we at present labour under. We most respectfully beg leave to entertain the hope, that arrangements may be made- which will prevent any loss accruing to the Go. velment by paying in futur e f or a ll s upplies required by the Commissariat in store receipts, to be consolidated as fonnerly. In order to lead to a result so anxiously 'contemplated by us, we most respectfully trust your Excellency will, on mature consideration, be pleased to give instructions to the Deputy. Commissary-General not to purchase, or receive, any more Spanish dollars ; but that after all those at present in his charge shall have been issued to the public in payment of supplies re quired by the Crown, a recurrence may be had to the mode of payment to which we have thus ventured to advert. We trust your Excellency will believe, that in dna submit ting our sentiments to your Excellency's liberal consideration, we do it under the full conviction that you will be governed by the desire and intention to do justice, and extend protection and support both to the interests of the Mother Country and the Colonists ; and we throw ourselves upon your Excellency's wisdom and liberality to relieve us from the distress and ruin with which we are threatened; assuring your Excellency, that such a mark of beneficent attention to our wishes and interests, will be most thankfully received, and ever gretefully acknow. - .edged. New South Wales. HIS EXCELLENCY'S REPLY. • GEITTLUDIEN,..4IIhIiII , trot; I trust,;lie found to disappoint the conviction you have, been. pleased this moment to express, that, in the decision I am now on the point of declaring, " I will be governed by the desire and intention to do justice, and to extend protection and Support, both to the interests of the Mother Country and the Colonists." Directed, Gentlemen, by this concluding observation to advert to the welfare of the pa. rent State, I cannot but consider as highly advantageous to the interests of Great Britain the late purchases of Spanish dollars made by the Commissariat; and had I, as commissioned Pro. teetor of those interests, ,permitted - the Commissary to follow any other course than that which he is now pursuing, such permission would, in my opinion, have been perfectly unjusti fiable. In another part of your Address you beg me to believe, " that every measure of economy 1 may deem it advisable to adopt, will be most cheerfully seconded and supported by you ;" but, Gentlemen, I am bold to assert, that no measures of economy can be other than illusory plans of retrenchment, until the unique currency of this Colony shall have lost its ex, traordinary singularity, and been placed on as sterling a basis as every other undepreciated circulation in the globe. Paper, to he perfe c t as a circulating medium, must be on a par with the gold or the silver that it promises to pay: To this end it is essential, however, that the issues of that paper should be placed under some other controul than the fluctuat ing discretion of a few Bank Proprietors. Increase paper money, without increasing trade, and every pound-note mutt experience a depreciation in its value. If a currency of twenty thousand pounds was yesterday sufficient for the Colony; a cur rency of forty thousand must to.day be superfluous. It is cer tisaelaidchl ie pounds " wi e l l 1 worth alf of its tain, however, t h at if f o rced into *simulation - these pounds will c inv value; c u ume l olr t e e , 0 : n ot b wh u a t tt , b ta i h i n i e c twi i c ob n o, e l a ti fortyog , w hole twentythousand formerly; and must tho all those commodities, which sold lately fur one pound, will now sell for two. Ilut the expellees of the Government must be regulated 'by the market price of article'. If, therefore, Treasury bills were formerly drawn upon England ?or two bun dred thousand pounds, four hundred thousand will now be re quired ; and for every twenty thousand pounds that such a bank may add to such a currency, she will double the expen diture of Government ; and, glutting thutiAhe Sydney market with an indigestible mass of two hundred thousand pounds worth of additional Treasury bills, will thereby create a large fund, out of which she can herself readily draw to meet any run that may happen to take place for the consolidation of her own notes. Supposing the Mint of London was kind enough to furnish the Bank of England with sovereigns for as many pound-notes as she chose to carry there, then would that bank be precisely in the same relation to the Government of the Mother Country, in which the Bank of this Country has hitherto been to the Government of the Colony. No restraint would then exist to an excessive over-issue of paper on the part of the Bank of England. The check, however, that actually operates is as follows:—If the Bank over-issue her notes, she raises the price of every commodity, and of bullion among the rest. For in stance, in ithe . year 1814 the Bank rose the price of gold, by her excessive over-issues of paper, to 31. is. the ounce. Had the Restriction Act not been in force, she would con sequently have been obliged to have purchased with more than sixty-two of her own one-pound notes every pound Weight of old she might have required ; whi c h gold, on being carried to the Mint, could have been coined only into forty-four guineas and a half, and must have accordingly con solidated less than forty-seven of the same notes, if presented for payment. By any run upon the Bank at this time, the proprietors would therefore have incurred a runious loss of up. wads of thirty per cent; and a class of individuals would im. mediately have arisen, whose sole trade would have consisted in realising a profit from_ her loss, by purchasing bank notes with bullion, exchanging those notes for "uineas, melting those guineas into bullion, and purchasing bank notes again. Now the Treasury bills here perform exactly the same func tion with respect to our paper currency, as the legal coin in England. If, therefore, the Bank in this Colony be obliged to' suffer in its purchase of those bills, by the high price to which silver may attain in consequence of her over issues—then, and then only, shall we possess a guarantee against the excess of her paper ever becoming injurious to the best interests of the country, I cannot here forbear to express my surprise at the want of information which seems to exist with respect to that invalu able coin, which has for centuries been disseminating its bene fits over every other portion of the earth--a want of informa tion evidenced in the " embarrassing and • ruinous conse. quences" which you, without hesitation, predict as likely to re sult from the system lately adopted by the Commhotariat, of pay ing for the supplies required by Government in Spanish dol. lars ;—a coin, which, from the extension of its circulation over every part of the commercial globe, may justly be defined the money of the world. Like the air which we breathe, un limited in the extent of the blessings which it showers over all mankind; like the ocean that surrounds our continent, a grand circulating medium assisting io waft to every part of the world the various products of her deversified climates. Driven, in deed, from the United Kingdom by her monies of sterling de nomination, it still however maintains all its pre-eminence in every one of her colonies. Confined in its advantages to no faith, kindred, or Government, I refer you for an antidote to your dismal apprehensions of its ruinous consequences here, to those sterling benefits it has for ages been bestowing on the British and Protestant North American Colonies ; on the French and Papal Canadas ; on 2,llahomedan India ; and, on the whole world. And, while reading the history of the pros. perity of those places, in the history of the introduction of that coin 7 pause an instant while you turn •to contemplate the ad versity that has ever been attendant on a ruinous over-issue Of r aper. kor, Gentlemen, it ought to be retnembered, that the injury, formerly effected by diminishing the quantity of bullion con tained in money of the same denomination, is now perpetrated to a more ruinous extent by the depreciation of paper. The standard of a currency is as effectually degraded by a body of bankers over-issuing paper, as by a Government debasing the coin. .4 hank note, which will purchase sixteen shillings worth of silver only, but which is forced on the public at twenty, is a circulating medium fully as pernicious as a guinea which is ordered by eaavernment to pass for six and twenty shillings. If, therefdre, our Bank, by their over issue of paper, make the dollar, which is elsewhere current for four shillings and twopence, passitere for five shillings (a supposition well known to he in perfect'accordance with fact), that they virtually de grade our standard I must ever maintain :—and I insist the more pointedly on this, because I observe, in two parts of your Address, that the dollars , lately introd uce d by th e Commis sariat, are termed a depreciated currency !—And, truly, they have been depreciated ; but it is only by the over-issue of paper. The high . price of bullion, i n an y country , i s a proof of the over-issue of its paper. The whole history of the Bank of England, since the R es t r i c ti on A ct , su ffi ciently shows it. Till the year 1799 (being two years only after the Bank of England had suspended its casts payments), the market price of silver was about tive shillings and a penny per ounce, and the notes in circulation, at that time, amounted to ten millions. In the year 1012, the Bank circulation amounted to twenty-five millions, and in this year the ounce of silver was six shillings and sixpence. Know mg, then, that the Sydney Bank Directors, in the exercise of the power of trading in bullion conferred on them by their char ter, purchased, until very lately, always at five shillings, that same Spanish dollar, which in payment for the English pound note, is exchanging for four shillings and two-penee,—this fact must speak for itself. The Sydney pound-note, when compared with the same note of the Bank of England, is under. a depre ciation of 20 per cent. An alarming depreciation indeed, con sidering that our chartered Company has not yet been esta blished much more than five years ! When, therefore, I behold the inhabitants of this Colony, on the one hand, slumbering in the most perfect indifference_, whilst the Proprietors of an Institution, of five years growth only, have already depreciated the incomes of every one of us !full 20 per cent., and if allowed to pursue an unchecked career, will render them shortly of no value at all ; whilst I perceive, on the other; their groundless alarm at the introduction of the only remedy that this inveterate disease will admit, I cannot forbear to call to my recollection the inhabitants also of Lima, who, accustomed from infancy to earthquakes of annual viii. tation, view, with perfect indifference, these most tremend ous inflictions of Providence ; but no sooner did thunder clap up. on one occasion, and a few drtnai of rain fall on that terrest rial paradise, which is watered only by the dews of Heaven, than all conditions rushed in an instant to the churches, re ceived hasty absolution from the priesthood, and awaited, in awful expectation, the approaching dissolution of the world. I know, Gentlemen, that until lately, the effects here of an over-issue of paper have been neutralised by the effects of a si milar over-issue in England. The currencies of both countries, having been depreciated together, their noses exchanged be tween themselves as they ought—to have exchanged--atpar. By the destruction, however, of 140 banki ng -h ouses i n Eng land, in the year 1014, the tone of her Paper was gradually re stored, and all further depreciation prevented by the memora ble bill of Mr. Peele. Since which, however, the Government of this country, continuing notwithstanding to exchange it 9 Treasury bills on a par with Sydney Bank paper has been vir tually paying on all importations a bounty of 20 per cent. A. bounty on importations ! A novel experiment truly, of mei.- cantile policy, left for this late age, and this young Colony, first to attempt Toobtain this bounty, however, the men. chants of the Colony were importing a deluge of British manufactures; to obtain the same' bounty, the Traders of India were sending their specie to the market of New South Wales. Hitherto, the demands for Treasury bills had not outatepped the wants of the Colonial Govern ment. Now, however, the case appeared alterecl. Ever circumstance scented' to indicate that clernandi for' these billa would be made on the Commissary to treble the amount of the wants of his department. Affairs had arrived at a crisis, and it was necessary to adOpt souse effective measure to stem the double inundation. It was easy for the merchant importers of British manufactures to advise me to ruin the hopes of the many persons, now on their passage with cargoes of dollars, by refusing them permission to enter into competition with themselves for the purchase of Treasury Bills. F.qually easy, no doubt, would it also have been for the India Traders to re quest that those same bills might be solely reserved - for their dollar speculations to the exclusion of all adventurers in British could never assent j to usti e ce ithe e r v o en f thesMajesty's COlonial Gov ernment , h owever, betw e ee p n n a mtai n s i vec tio ti nt tion lt s, m a us na t n h i o a l n d u t f i a le ct i u )a r l e a s n i ce —h ot i , s y o the s am e e rece i ve t e m weetnah,pte weapon, dispose of the so eagerly sought Treasury Bill only to the highest bidder. Very sorry would I, for my own part, be to make use of so dangerous a weapon to paralyse the Freedom of Commerce as instrument a an fe t ih r ° k i d y i : e r oi s seers ti ru e i id s o Mercha n ts, anxioustheape and Free Colonists of New South Wales, now offer to my ac to place in my hands, what security could I afterwards offer to W that er e c y e o p u t n an e c lv e. o . culatioas of the merchant importers of dollars, would riot, with equal success, be diverted against the fortunes, Gentlemen of you, the authors and a d v i sers of the short-sig hted measure. If, then, by any purchases, which the Commissary may be autho rised to make on the principle of free competition, your proper. ties be really depreci ate d, as ou state in your Address full 20 per cent.; however sincerely must lament the " d that this will occasion, cann ot be diverted from ntment verted from the plan I sin at present pursui ng , for the purpose of continuing to your speculation a monopoly of treasury bills, which has raised th us much above the lev e l o f its nat u ral •raps , price, every article formerly purchased by Government, • Gentlemen—ln conclusion , I cannot too publicly express the satisfaction I experience from the pleasure of meeting the Land. born subject, holders, the Merchants, and Free Colonists of Nor S Wales, upon all occasions ; and more particula rl y when ereising the in es ti ma bl e p r ivilege, so dear to every Brit of preferrin all topics of supposed c om p laint fore the legal Representative of their Sovereign ! g " T HOMAS -BRISBANE, The Correspondent from whom we received the fore article, observes, that " After perusing the above locum we have reason to congratulate the people of New South W On having, in Sir Tilos. BRISBANTE. a Governor who is a to the best interests of the Colony ; anti, indeed, we hai a r to anticipate that the wisest and most efilrient measures so be taken to promote the welfare and happiness of the Colo' placed' under his care. With respect to that part of t he re sentation, wherein allusion is made to the Commissath tre assert, that Commissary-General tVEMYss, who has the mand of that department, is a Gentleman in whom every fidence may be placed by the public, and whose intlefatig exertions and zeal f o r the interest of this country tioil t g the Peninsular war, is both well known, and juStly appretu by every individnal who served in that Campaig n, and of rr the strongest testimonials are now in p o ssession of his 310 Government" PRICE 0 F STOCKS 14 F. &CLOCK. India Stock ............. ' ... India lloluls ............ South Sett Stock ...... Old Annuities ............... . . • . .. . ......................... ... Ditto Snutl Bank tbr Act. ............... India tOr Con. Acct.:...;;,: Cons. for Account VII 01 THIS DAY AT Bank Stack 241 i 242 3 per Cent. Red. 771 78 3 per Cent. Cons. 77i 31 per Cent. ' 9ok 4 per Cent. Old 96), New 9/ to oer Cents. 1797 Bank Long Ann. Imp. 3 per Cents. — PRICE OF FOREIGN STOCKS IN LONDON J —c 4 AT ONE O'CLOCK. Five per Cents. 00. Six per Cents. 00. Russian Five per Cents. (Metallic) 00. Ditto New 72. Neapolitan 1 Fire per Cent. Bonds, 00. ( Scrip, 74. Austrian Five per Cents. (Metallic) Ot .) * Five per Cent. Bonds, 44 . Spanish t New Ditto. 401. Scrip, 25,.! disc. Prussian I Five. per Cent. Bonds, a. 1 Ditto New, 72. Danish , Five per Cent. Bonds, IX). Chili Colombian 7 21 per Cent. Bonds, Peruvian New Loan, 00. (Bank Shares .C2l tis. American j Six per etnt. Five per Cent. ila-9 6 . t Three per Cent. 691. • A 1 0 111011 WATER AT ID:MON BR IDGE TO-- u ) 1 , 0 Alftrning, 30 mi nu t es a tt er 3. Evening, 40 rt. 11.00011.4 French riIHE SEJN. r SOLEM curls DiCERE. .11 , 41.5i1il ' 1°594 LONDON, 0, MOND AY, JAN UA 11 Y 1' • , [PROM A cottaEsporocN''-' STOCK EXCHANGE, Hay-past ° bl Ol The Expresses from Paris this morllng' , pi French Funds 79f. 30c. Spanish de } litan 08. In consequence of the als" c , 0 ( meat in the French Funds , C 0115 015 tVI S 76 77, fell again to and up I , st i they are 76 5 , with a heavy Market. sons are anxiously waiting the refit French KING's Speech, tako morrow at Paris, and which will l' 3lB o terial influence on the Briti s h Fun‘ 4 l, earlier part of the morning. There I° s oo l deal doing in Spainish 13, nub, 414, lowered again to 41, and are 10 The Meeting of the French Cig ul ' bell ; place to-morrow ; and all uncertaintY , i r. „,, so respecting the great qu e sti on which ' - f , f e agitated Europe, will b e t er minated bt l i o close of the present week. Every cently seemed to indicate hostilities; 5 after a little interval, and on ex:lE9ool'li of the grounds of apprehension the positive allegations of changes ti4 oo o Ministry, of the departure of th e 11. 0 LAGAILDE from Madrid, and of the (1 01 0 passports by the Spanish A m b a ssador et t o turn out to be fals e . flow many more of ti t ' e i which daily succeed each other, rog equally destitute of truth, it is of ° ti t pi' sible to determine. Those which hst it .„. l wear the most h os til e a spect,. are , t e jv d'ANGOULENE and several distinguis b 9 AO have received or d ers t o depart fo r ti' ol o l Observation, and that various rciii6ilid valry and infantry have been seiel, 4 ,10' the view of marching t/lem for if these latter statements shoed be " :: , however, there is enough in the •Y money markets, and in the tone nod 31 t ti th' fiance assumed by Spain, as well as in , t o f wishes of th e ar bit rar y Government'elos fluent, to justify th e . s e rious al)Pr eb f I t 9 the dange r o us an d a bsurd proj ect :l ta i Spain will b e persisted in, in sP ite 0 4 1° dispositions of the King of Fila" cE : re st of the influence and opposition of ti If a declaration of war should W ee/ 1 0 that will be the signal for i — do( throughout England, for the og re- . f f h .1 public opinion in support of t•- it ot Ministers may pursue at s o iroP° l44l ire at t and that on the Meeting of r' rlil' , o sll ll will be manifested which wil l tlto sters, if necessary ) to Pu t f')rtllovel 14 strength and energies o f tl ~ ictil f y Even our domestic condition, Pa rt ro d the Landed Interest, will be hall'