The Sun. — London, England, 1819-05-11 00:00:00

FOR SUN. 1'.1)1+,11. - .1\ TS. ran. EntToß—it is to me a circumstance of prowl satisfaction to find that therinciFles which have advocated in " Letters to John Eull* ," anti in several other communications in your columns., during ate last twelve months, under my present signature-1 repeat, Sir, that it is great satisfac tion to find those principles, in opposition to the theories of Lords Lauderdale and King, of Mr. Huskissou, and of the Bullion Committee, cum rna'ais uliis, now adopted by the ,recent Bank Commi!ter, after due investigation, as the basis of their reported (;pinion to the Legislature. The paints to which I allude are, first, the ad mission that the annual supply of the precious me tals has not for some time been equal to the in cre;i,ing an n ual demand ; from whence arose their vake in cn►tntries %%here un ,nbstitnte existed for th!..r.l as a circulating medium. Secwitify, The the demand an.l nominal bigh price for then) in thil country was not for internal eircni •!ion in preference to Paper, but for export ation to countries where a profit could be gained upon them beyond the price paid for them here. Thirdly, That Continental tra• quillity, trade; and manufacture; will produce an increasing de mand for them to fill up the increasing void in Continental circulation. And, Fourth! y, That, as I prophesied, the people would prefer Paper to Cash, as soon as the mere to'vehv cif Cash Psyntet►ts shall he wotn off; so has it been proved 1w evidence, that the people have alkeudy refused Gold, when offered to them, and requested Paper in preference ror hese ,our important admissions, I refer to the Report of tl►+- Commons itself; hot I must confess, that I am at a loss to conjecture upon what principle it is recommended to enforce the payment Ot Gold in ingots in a series of decreati• ing values at certain furore neririds, wt►en it is nof linowtt what the price of Gold may be at those perimit. Can these ingnta he wanted for borne circula tion ? The principles established say, No ! Theo, if they are demanded at the Bank, it most be to lie in the Banker's strong box or to be exported. But will the Bankers, Or any body eke, take Notes to the itank to purchase Gold at 41. Is per ounce, and to lie in their box until it falls by Act of Parliament to 31. 17s. lid? Common sense says, No ! Who then will draw Gold from the Bank ? Answer, the expo! ters ! ! For, if you issue Gold at 41. Is. France and Prussia, who must have it, will pay 41. 2s. for it, un'il go,ti 'Mercantile Bank Paper comes, as in this country, into equal credit with, and superior convenience to, Coin. Again, if these ingots are offered in home cir culation, who will take them from a third, fourth, or twentieth hand, without ascertaining that no Jew's tricks have been played with them In fact, we must have not only scales for weight, but also accurate measures for length, breadth, and thickness, and even then it may he prudent to put a little bit into the assay crucible. 'hien why pay in ingots instead of Coin ? .The only possible reason is, that a gradual decreasing value of issue per ounce may certainly be fixed upon Ingots, which could not possibly be prac ticable with Coin. But will future circumstances permit that experiment to be tried in hiune cir culation ? If they do, then %ye may as well wait to the second era, and issue Coin at the second rate recommended. It is recommended also to reduce Paper Issues in proportion to G. , ld Issues ; but, if the Gold is exported, ;hat will produce the disadvantage-of a reduced circulation. The Bank certainly may seduce their issues of Paper ; they may pay the Dividends in lugots for the larger sums.; and they ' may di , connt in Ingots, or refuse to niscount at all, and thus reduce their Issues as tar as any theorists can wish them. But what is to become of the country, with a diminished circulating,me dium - It is futile to say that the Back makes over issues. If the quarterly payment of Dividends' does not of itself throw too much Paper into the hands of the Public, there cannot be au over Issue. The Bank pays 40 millions annually to th e Creditors of Government ; the Treasury receives annually 60 millions of Notes, out of which it repays the Bank ; beyond that, the only Issue is upon Exchequer Bills, Mercantile Bills, or other valid securities ; tor the Directors do not stand at the corner of Threadneedle-street, serving out Bank Notes like Lottery rofFs ; and ...ho that does not %v ant the Notes.Avill exchange his secu rities for them Then, it the Notes are wanted, bow can there be an over Issue ? In a word, Air. Editor, 1 fear we are again to be-the victims of a false theory ;—or, it we must try the dangerous experiment of issuing Gold, necessarily obliging the Bank to reduce their Paper in circulation, to avoid repealed drains, — for if they go on discounting in Paper, that Paper will only travel from the Discount Office to the Bullion Office,—we shall soon find it necessary to pass a new Restriction Act, and to re-adopt the former system. But there is one t»ode,.and only one mode, of avoiding that necessity, if the Bul lion experiment must be tried._ Let Government authorize the Bank to form a New Circulating Medium,—to issue Notes which shall not be payable at the Bank, but - receivable at the Treasury, for all TaXes and Dues whatso ever. ' These way be issued in the first instance to Merchants in discount, who have Customs or Excise to pay ; by degrees they would find their way into common circulation, as the Tax-gatherer aid Postman must take them. In a snort time, half the Paper Circulation might consist of them; for Metchants would sooner have 10,000/. dis counted half in these ard half in old Notes, than have 50001. worth of Bills sent back to them from the Parlour ; nor will the Shopkeeper refuse his lilarte4.l iu tili3 Paper. We received this iiiorning the Paris Papers of Saturday last. The Chamber of Deputies on Fri clay were occupied for some time in discussing a variety of petitions. The discussion was then opened on the projft respecting the transit through Alsace, and which, after hearing several speakers, was adjourned till Saturday.-7 The fol lowing are extracts PARIS. MAY B,—The King transacted busi ness yesterday with the Minister lot Foreign Af fairs. "The Chamber of Accusation haS referred for trial to the Tribunal of Correctional Po!ice, the charges (of offensive articles) against the Si e f irs Maurice Letevre, author of the Bibliotheque His torique, and Argnet de Molitorlean, Ex-Commis sary of War, Author of The Liberal arid the Nou eel Hom me Gris. 41 A woman, named - Elizabeth Von Gansbeke, died at Kruyshauten, near Ghent, on the 26th - ult.; aged 104. She was the mother of nine children, and lived to sec their descendants to the fourth, generation. " Yesterday a Deputation of the Chamber of Depoies delivered to the King the projet respect ing the Journals. " The number of deaths in the Department of the Seine, which in 1817 was 20,812, increased in 1818 to 21,281. The increase is attributed to the opposition made by some individuals to the progress of Vaccine Inoculation, 682 persons having died at Paris last year of the small-pox, being 196 more than in Isl 7. FIVE PER CENTS. Friday ... 66 f. 50 c. DEFERRED S - TOCK. !f the 19d March, 1517, 84 f. 55c. 2211 Sept. 1817, 294 March, 1818, BO f. 53 c. - ' 2.2.1 Sept. 1818, , e , i'd March, 1819, 76' 50c. PRTERSBURGII, APRIL 13.—The Russian Bible Society printed 72,000. copies o( the Holy Scrip tures in the year 1518. They propose to publish in the. present year, 101,500 copies in different languages. STOCKHOLM, APEUL frequent ex change of couriers is kept up between this capital and Copenhagen. • Lieutenant-Colonel Mats ellouseby is also expected immediately front Pe tersburgh, whither he went about two months since with dispatches for the Emperor. The question in discussion is supposed to be of the greatest importance. Rome, APRIL 24.—A violent eruption of Ve suvius was apprehended on the 17th ond IBth inst. but it was fortunately conlitied to a mere tor rent of flume. " The Pi ince de Metternich bet out this morn ing. for Naples, The Emperor and Empress of Austria tvill take their departure to-morrow or the: day after, to proceed also toliaples." The following Letter bac been received at LLOYD'S :-- 7.IIAIIANITAM, IkIAHCII 13, 1819. " Sta- 7 The ship Duke ti Wellington, M. Ross late Master, arrived yesterday from Rio de Ja neiro, having during tie voyage been forced into Pernambuco by an Insurgent privateer, the Com mander of which, after having wantonly fired into the Duke of Wellington (then about three leagues ro the West ward of Cape St. Augustine), by which her late Master was killed, required the vessel to go into Pernambuco, for proof that the cargo on hoard was British property. The privat i eer was a low brig, of about 300 tons, mounting 22 guns. tier boat's crew stated, when on hoard the Duke of Wellington, that a schooner in company, mounting 18 guns, had been a Spanish man of war, captured six days before, on her way from Cadiz to Rio Janeiro, after a short action, in which 40 men were killed on board the Spanish vessel. The remainder of her crew hare been sent into Pernambuco. The brig and schooner were then cruising in company ; and it was stated that the brig had been out five mouths from Baltimore, anti had captured eight vessels. " I am, Sir, &e. ROBERT FIESKETH, " British Consul, and Agent to Lloyd's. " TO Mr. JOHN nENNETT, Jun., Secretary to Lloyd'i.'7 , , Mem.—The Neryda Spanish brig of war, from.. Cadiz to Rio Janeiro, was taken in lat-. 9. South, long. 34. West, by the Irresistible Patriot brig, and carried into Margaretta the 16th March. It has been asserted by the PAPISTS, and their silly Protestant advocates, that there is - no danger of any interference on the part of THE - POPE with the, internal concerns of any other State. That he is contented with Ge reservation of the Ro man CaTholie Faith, and its full toleration in all other countries, and will never obtrude - as hereto fore into foreign secular and political transactions. To demonstrate the contrary of this assert ion, we have only to extract the following article from the Journal General of France, to which an intel ligent Correspondent has just drawn our, atten- prollt upon an article, when payment is offere(l thrse Notes, as he must be certain that the Neigh oonrs, wait whom he himself deals, will be actn met! by Ore same principle. So that in a short l i me one of these Not would be just as accep table as a Restriction Note,, and we should then have a Paper Currency ready to fill the place of a withdrawn unrestricted Bank-note circulation, when the positive export of the Gold shall have reduced the Bank Directors to that measure -in their own deteuce. If the Gold•is elh'orted, and the Issue of Dank Paper necessarily stopped--How ARE Tall. Dlvt• DENIDS TO SE PAID Yours, IGNO T US. IARLIANIENTARY BUSINESSL NOTICES of-MOTIONS, and ORDERS of the DAY, which now ctand in the Order-hook of the House. of COMMONS : , ~. • for fit DAY. Notices Of .Ifotioits. I. Lord John Russell,—Copy of the Record of the Convic tion of Votets and other, for Bribery, at the late Grain pound Election. -2. Lord Castlereagh,--Bill to extend the Charity School Com wis , ion to Charitable Foundations.ggilerally. 3. Mr. Chancellor of the Exchegnet,—Bill respecting the Marnseess Caunien's Tellership. 4. Mr. Goullintal,,—Bill to amend Act [57 Geo 3, c. 53], in so f4I- as tegards the Trial of Murder and Man slaughter in Holaduras. Orders of the Day. I. Inverkeithing• Election Petition i—Ballot for Committee. '2. Names of Members absent from the Ballot, to be set aside. M,mbers absent from former Bat lot, to attend the Ballot. 4. Clerk of the Pence (Ireland',, Bill ;—Second Reading. THEATRICAL REGISTER. Perfiirmrd Last mete. THEATRE rtnyAL, liaußY-LANE.—HaIpICT:. Hamlet, Mr. Kean ; Ophelia, Miss Cubitt. After which, How to Dir for Love. 't'tera•rer: ItovA L. Covevr-GAnrcm.—Jane Shore: - Lord Ilast in4,, Mr. C. Kemble ; Jane Shore, Miss. O'Neill., Atter which, .1 Boland fur an Oliver. To which was added, Bon:- bastes Fnrioso. *,,,* Fat . VIGIL, see the First Page.—For DoWNTON, see the Last Page. PRICE OF STOCKS 11113 DAY AT TWELVE o'cLocK. 3 per Cent.. Bed 5 'icy Cent. Cons ...7144 3i pc! Cent 80 4 per Cents ; ' . 94. 1 uer Ct. N. Ann... 1041 p 105 Bank Long Ann. 18 11-1611154 India Bonds . 265. 28s. pr. Exch. Bills. 2d.....65. is. pr. Ditto Comm rcial....i4s. Cons. for Account MAILS. Aistivtv-2 Dublin, 2 Waterford. 1 Lisbon, 1 France, 1 Guernsey And Jersey. Due.-1 Waterford, 1 Sweden. HIGH WATER. AT LONDON BIUDGF, TO.NIOIIIIOW. lorning. 10 minutes after 4. I Evening, 35 minutes after 4. TIIE SIJN• 80LEM QUIS DIOERE FALSUM AUDEAT LONDON, TUESDAY, MAY 11, 1819. tion : FRANKFORT, Mallen T.—The execution of the OM cm dat. at Munich, continues to experience the greatett diffi culties; on account of the enormous endowments which the two Archbishops require—six Bishops, eight Priers, eight. Deans of Chapter, ,sixty-eight Canons, forty-eight Vicars, with their Chapters, Semiisarics, and Provostships, 'esta blished by the .Concordat. The expence is sabred at two hundred and seventy-three thousand florins, without includ ing- the purchase, as well as the keeping . up of Douses. The Nuncio at Munich has caused fresh difficulties concerning the Concordat. t ire laid claim to the rank of an Ambassador of the first rank, and has opposes! the Clergy tahing the Oath to the Constitution. This difficulty has been a good deal smoothened; but the principal obstacle is far from being re moved, on account of the Nuncio demanding the suppression or the modification of some of the provisions of the Constitu tion, which, according to him, are contrary to the Concordat.. The Government will do neither." 7 (Joaxitul General de Friznce.) As it is not to be doubted that the POPE', NUNCIO exactly obeys the commands of his Prin. cipal, we can see what we may expect, if ever We should be guilty of such folly as to suffer Papists to have any share of Legislative Power. The same Correspondent has referred ;us to the com ments on this extract from The Correspondent, a Dublin Newspaper, which is conducted upon sound loyal principles, and with great knowledge and sagacity. These comments so exactly agree with our own opinions on the subject, that we shall transfer them to THE SUN. After bestowing sntie judicious praise upon the theoretical perfec tions of the new Bavarian Constitution, the Edi tor very properly says— ",But, very great as those perfections are, and principally in the ' reli%iutt.s liberty' which they insure to all Bavarians, we should be glad to know why they have received no favour fcir, the Pope's Nuncio —or, rather, we wish to 'mow, by what right the Seed Rome presumes to quarrel with the fun damental civil principles of the Bavarian Government, and to demand the suppression of some of its provisions, and the mo dification of others' We are daily assured, in Ireland, that none brit Bigots, Slaves, or Intolerants, can suppose that the See of Rome aims at any influence over civil or political affairs: yet, this is asserted after' we have had the example of the Papal Nuncio in Spain, a short time ago, to the contrary; and in the t,eth of the existing fact, that all the alleged ex cellence of even the Bavarian Constitution, cannot protect•it from the domineering pretensions of the Pope's Representa tive at Munich." We shall be glad to hear what the shallow Supporters of Catholic Emancipation, as it is false ly, tinjfistiy, nd'aburdly styled, can say in vindi cation of the ofTcious and presumptuous obtrusion into, the political affairs of" another State, and why in due time the Po should not authorize him to meddle with the internal con cerns of this Country ? SHIP NEWS. (rrow the Commercial List, 10th llay MADRAS, DRC; 15.—The Thetis, IlitowN• fr °lll Calcutta, the 4111 inst. arrived- in these Roads On Thursday last. She sailed on her voyage to Eng' laud on Friday, nod was expected to touch at th e Isle of France and also at the Cape of Good HoPe' We are 11 , ippy to find that our expectations r e ' specting the safoy of the ship Barhworth are Yen': fled she was seen off Ceylon, and spoken to bf the Cornwall, on the 22d ult. It seems she P r° ceeded on her voyage to Bombay, after the stornl., without auemPting to return to Madras, or ta, touch at any part on the coast. DEC. 22.—The homeward bound ship Ja me ' Sibbald is expected to touch here from Befi`P!', t a , bout the 20th, and to remain here two or three days. The Hyperion, it is supposed, vril Ice v ' e Bengal River about the end of. the montb.---°°' Correspondent from Penang (observes a C a lcutt a Journal) represents the weather as having be en unusually bad and tempestuous. One letter an' nounces the loss of the lion. Company's cruiz er Sylph, Captain PAINTER, which was upset no the 11 th October last, in Queda River, where sh e , had proceeded on a mission from Penang. The • crew, it is added, were all happily saved. D i° brig Tay, which was proceeding to Sanengot" had also been totally lost upon the bar of O a River; and it was supposed, from the bad we a ' : tber which at the time prevailed, that some liv es , must_have been lost. LIVERPOOL, MAY 9.—Ari iveti several vessels, among thettv, the Caledonia, Langliton, front Maranhant ; her we 113 ' 4 ' advice of the arrival at Maranhatu of the Duke of Weil ton, Captain Ross, from Rio de Janeiro, after Laving fired into by an Insurgent privateer, by which Captain 11°'s was killed. PoRTsmoUTH, 10.—Arrived the Triton transport' from Deptford; and the Salamanca, Rait, fro'm Altea; latter is put under quarantine. DEAL, MAT 10.—Arrived and sailed for the River, the WA terloo, Moore, from Bengal; and the Edward, Job us°ll9 from Bo►nbay. ••'• JOHN GIFFARD, ESCI.--.The Corporat ion Of Dublin has lost one of its most valuable M hers, and the Prwestant Cause one of its firmest props, in the death of this Gentlento"t uhich happened on Wednesday l a st in that City' Mr. CIFFAHD was . a native of Wellington , Somerset shire, the plane which gives the title Our illnsirions lieu). He w as or i g i n ally desigoe' for the ledical Profess:on, but tel jr,all(l obtained a !ncrative pi,sr, which he discharged the utmost fidelity, but was di,plceil b 7 a Emitter.. Lird Lieutenant upon political gi'ounds. 14i3 conduct, however, appeared to be so proper e the estimation of Government, that thow4;!...A" was not restored' to, his to'rmer situatio:l, ""' tained another ot ► adequate valne. woo' telligent man, a mute reolnte chaninion .1 .the Protescant Church, a tnnre zet:doas fc' eni f to his King, the Constitution, awl the interes ts the British Empire, never existed. There " IS 1 detet 4 tnined vigorous spirit in all he uttered , Ut z his heart was ready to support the dictates enii4lceoed understanding. He was attache" the Muses, and, conversant with the t'oe's , An iquity, retentive in memory, and apt in ry , O 6 ' - i' lion. Two of his sons tell victims to the ftr: ie It ish Rebels. His ' surviving son, the flonoti" .. " HARDING GIVFARD, is now Chief ins: ice a ° „e the Island of Ceylon. He is a Gentleman of 1-t re g - 1 talents and knowledge, and has diAinglli" ) ::f . him Self by poetical and other literary work s 'a considerable merit. 1-le inherits the loyalty - resolute firmness of his father, whose .wort h ' honoured arid whose memory we revere. ELECTORS' OATH BILL.-Sir WILLIAM 'Ci ti , ls ; Burt. voted for this Bill on Friday fin", understand that Mr.WALTER ButtneLL, Mr. lIYATT, Mr. DENMAN, Sir WILLIAM De C1131)50 rIGNY and severitl other Members intended O -, the same, had not the Debate gone off so We have no doubt that this measure will be ',lately carried, and we are informed that minus are preparing at various places in the measure. We know that it will sa tisfY people, and we are surprised that it is obje ct " . • to, especially by the Leaders of the OppoSitioc' n THE FAIR CIRCASSIAN.-LAdy MARY LON.- A . 1 1 And Mrs. ANDERSON have had an interview wi t i o, the Circassian Lady in the drawing-room 01 c f Persian Ambassador's house. They found 1 , 1 r.. • riirticularly a ff able and communicative 5 he! Pi-,r son is rematkably slim, of low stature, r° l ", , , swarthy, but her features are very,bandsoc oe ' 6 , She courtantly sits-in the front room, and g ell . c fr rally wears a scarlet dress, the shadow of IN' ll- 5 0. may be seen through the blinds,., which ar e e " . placed, that she can see what passes in the str e w! , arid not be seen herself. On May•day, wh en i s e f chityney-sweepers were dancing before the h°, ll- 0 ' she threw back the curtain, and was plainlY eo by a number of persons.--(Morning Paper) I no t ifavoor iv It is to be hoped that the Newspapers c disgrace themselves by more ribaldry on isccl4-)150 of the Lady brought over by the Persian A tli - ' il ie SPIIIOr, whir. has reason to crannlain of their pertinent intrusion upon his d om estic 0 11116 mews. 'n The Ambassador appeared age' OS. horseback yesterday it; the Parks, auended by ot .. Secretary, &c. and 2S usual attracted gcne ral ten; ion. The nn fortunate accident which betel the t be of CHRSTER, as we yesterday stated, offeet e( ' ma re right shoulder and the right arm. it h foc ol . " serious than might he supp ,, sed, 1 1 ) 0 °0 namely not likely to be attended with scru'm's - sequences. 'on 1 11 Miss KELLY excited very treat 'Went! Edinburgh, and the judicioos Critics of . 1 0 0 " intellectoal Ciiy" fire jjvidi iv, ;lit- if rul'g " I on her talents. We teturc Wilk! ' Port c Farm, and, tlPsc hcial Soci e a djild i ng Est Vi how I by IL fDr ti ear, 3(1. IDv . ti• lend; 4‘l l 1/0V • it ] ri w ei 1.1 0 , I • the 7til Ow 4, 0 Bi, (.) - ‘,, ~ 12 tit)! lhat 1, t r , ru 'Y at, 1 . 1„ 1.4 L t j j IV E oi l 4t, 0 eig t he N.! ~ ~! B tt, 4'~} I`'y