The Sun. — London, England, 1830-03-18 00:00:00

incon fix a 3 upon ng this ):,n our )pe and ng the I us—a how to riumph d dart ; which rep ared of con , rour to •in fine, inarchy lobed to 11 repel dic cis if eller ,ility of Du will eh you guilty autho o many ;un by oun try, which .ou wilt which snake, isatiooe serord of war I in the it right er and a bsurd , n g the )olitical rate us• he very a frank of the but the act cso Ig MON lave de- loctrine !gnently by infe tsl dis- f causes ient for Trell on thority; received have no I autho ring its permia families higher order of ations, ,t ropu er ; but ;itimaey 3thority change semente ni our- at series already rich hae e public against t of the %don of of the Id be an ye, and of the lught of accom- rs with which Ei is tilt,- iltity of who ill ,triguers person 9 means 3quillity n 17891 eh more nplished is dosed to mist? ..)pen it. m dis- r one to hat was passing Jod and t France threaten ler loose Vie bolds B all she •it of ill.. t ofpre ervatioa er sep" who to over- itutioest of those Thus hing to •etended y as. all himself to in- one iu ►ever be ty, and . : to any dution ? y !J,r pal. rchy its ? But it is said that authority is every day becoming weaker. If that were true, who in this assembly would not deplore it, who throughout all France would not lament it? For France knows that a strong power is neces sary to protect liberty ;—all that she demands is, that it should be a power founded in law. Again we are told—look at the Administration ! it is without in fluence ! It would have been more correct to say that it is at the present moment without any salutary influence. But what is the cause of this want of influence in the Ad ministration ? Is it not to be looked for in the incapacity and little respectability of some of its - agents. When did this loss of influence and consideration take place ? and when arose that irritation which at present unhappily per vades the public mind ? It cannot be doubted that they commenced with the electioneering frauds. Respect cannot attach to an Administration sonic of whose acts cannot bear th e li ght ; and could any other consequence than this respect occu r i n an h onoura bl e a nd spirited nation ? We hounds, of compl a i nt , o f a d emocracy w hi c h over fl ows a ll an insatiable ambition to which the revolution Linn,l4s given bi r th. B ut i s it no t yourse l ves , Ministers of the who feed and excite that ambition. Is it not you olio encourage democracy, when you bold out the example of ra pid promotions, of sudden elevations, which exhibit at once the character of oriental governments, in which intr igue and favour raises the lowest to the highest places, an d of the periods of ansrchy in which popular caprice gives its suffrage to the most incapable or the most furious ? The chatter, indeed, has formally declared that all French msen are admissible to public employments, and that is one of i ts benefits ; but it has not said that those employments sho uld be o b ta i ne d w i t h out serv i ces an d w ith ou t just claims. It has not said that men should arrive at superior s tations of office without passing through the inferior hierarchies, with the exception of those rare eases in which rewards are to be given to great services or great genius. Every thing is in disorder, some say. Igo further, and say that all is bit s overturned ; that nothing is respected ; that all feeling of Propriety is forgotten ; in a word, that the laws are without force, because they are not executed. Let us look to what has taken place within these few months. The jour nals called Ministerial daily insult, accuse, calumniate the whole of France, and the public prosecutor remains silent. They call for the suppression of the Charter, the subver sion of the existing state of things, and that officer remains inactive. They have been contradicted, indeed ; hut f eebly, and only in the eve of the conflict. One of them, indeed, has been brought before a tribunal. The only way to have efficaciously disarmed them would have been to have prosecuted them all equally and at the proper time. gain, the respectable and respected head of a high tri bunal is seriously insulted, and the public prosecutor re mains mute. That Court itself is the object of an insult Which my situation forbids me to describe. The Judges are attacked even in the sanctuary of their conscience, and the public prosecutor is unmoved. The Chamber of De puties, one of the powers of the State, is accused, calum niated, insulted, and the public prosecutor allows the ac cusations, calumnies, and insults to circulate freely. There his been audaciously addressed to the King's Council, and publicly sold, and profusely distributed, a memorial, in which it is proposed to change the form of the Govern ment, and the public prosecutor and the counsellors of the Crown tranquilly witness this formal attempt to disturb constitutional order and the public peace. Thus they allow every thing to be brought into question. And yet, to maintain ourselves invariably attached to monarchical and constitutional order, it would be sufficient to recollect the series of wonderful events through which we have passed to obtain it. An extraordinary man, after some years of a vigorous and enlightened administration, would govern by his own will alone. Glory for a while veiled usurpation and tyranny, but at length the eloquent and courageous voice of a great citizen broke the silence of the legislative body, and sufficed to recall France to the senti ments of her independence, and to shake the master in the midst of his 800,000 bayonets. The chief of the empire fell! not overthrown by foreign arms, but borne down under the weight of his own absolute power, but abandoned, conquered by public opinion, which he hail too long disdained. Louis XVIII. made himself be pre ceded and known by his august brother. He felt himself free to give to France whatever form of Government he pleased, but enlightened by experience and by misfortune, and well knowing that if monarchies may be founded by force of arms, restorations are not usually accomplished except by compromises, and cannot be consolidated with out good faith, he granted a Charter to his people, and the people accepted it with enthusiasm and gratitude. Then the contract was made. It was suspended during the hundred days, and afterwards resumed. It finally received th e sanction of oaths at Rheims. Was there ever a con tract more synallagmatic, more solemn, more firmly ce 'seated? Who then can think of breaking, of violating that contract? It was the excess of absolute power which restored legitimacy to us, and by the same excess it is wished to deprive us of it. Say then who are its true friends.—those who wish to maintain the legal system, or those who would have a Government by ordinances? We are entitled to say to the latter,—you wish for monarchy with that which would separate it from law, with that which would make it exist for a short time feeble and vacil lating, that is to say, with absolutism ; but we want it with that which causes it to be loved and adored, with that which would enable us to live vigorous, powerful, and for ever, that is to say, with the Charter. You wish for arbitrary power, not for the profit of the King, but for the sake of coteries and intriguers. We wish the constitutional regimen for the advantag of the monarchy and the country. You may, in deed, wish that the monarchy should have the advane tage of parliamentary Governments, but you at the same time desire that it should incur all the perils of absolute government, while we wish to give it the advantages and preserve it from perils. The dynasty and the Govern ment it has given us is the wish of what is called the third party, and that third party is 32,000,000 of Frenchmen, deducting a small fraction. The question then resolves into this —to ascertain whether the 32,000,000 ought to yield to the small fraction, or whether it ought to disap pear before the 32,000,000. What is now demanded has been constantly demanded since the existence of the mo narchy ; for in our history there is not a Monarch, how ever despotic, who has not, at least once in his reign, re cognised the utility of intermediate powers, the ne cessity of th e equilibrium ofpowers, and the danger of violatin g i t, or disregarding the constitutions of the kingdom, th In our h istory no per i od has passed i n wh i ch . ere has not been some virtuous Magistrate ready to raise his warning voice against danger. Not to go too far back, I shall mention the remarkable words which the rst Presid ent of Verdun addressed to Louis XIII., on the maint enance of the Constitutional Laws, by which an intermediate authority was preserved. Sire, we extremely regret that the necessity of your affairs creates such an ob stac l e and hindrance to your goodness as to take from your Parliament its ancient liberty of knowing and deliberating on the edicts, which you propose by your absolute power, before they be verified ; and the more so, as this your omission to submit to that law which your predecessors inviolably observed, is an argument and pre sage of the diminution of your authority, and of the fall -I:ug end decline of your royal dignity ; we, therefore, %lioplicate divine bounty to inspire you with a perfect Luis:ledge of the prejudice which that omission causes to here after equity, that the just resentment which you may here alut..l:ntertain on that account may fall and rest on the their 'a of that counsel. W e engrave in our memories secinrcoomes and qualities for the discharge of our con 4•es towards our God and King.' And you who are „, Counsellors of the Crown if the moderation of some j a ustice f4 , ig you have not the greatest weight, if the wisdom, taanitiebouounnty of the Monarch be turned aside by rash among sh e , )r. sels from the thought of re-establishing sar y and so t‘ s by his prerogative a harmony so neces ardently desired, then we also will engrave in our memoriesovfoteofror!'°thil: . your names and qualities for the discharge eke:ries towards our God and our King.'—l FRIINCR Fee Address." : 40 c. :Irk % 2 . , ; , .„ -Dl . 2 * Maacn lq.—Five per Cents., 1051. 20c. .15c. 20e, ii;'*; Three per Cents., 81f. 60c. 15c. 60e. 55c. 50c. 1)1 1 7 N,ocyka,lus2r,ocn4lf. 50e. 40c. ; Bank Stock, 1,900 f. 1890 f.; Na c. U o e.loc. 92t. 20c. ; ltentes d'Espagne, % „ s nth Loan, • ltente Perpetuelle d'Espagne, Xchain4 ; liaytian Loan,' 5111. 50c. 525 f. 520 f. 525 f 231; don-- . one month, ni. loc.; three months, I.etitentivret. ---- .. believe we m a y now state , w i t h out any fear of in by the result, that the Government, in order tn effects of the 14e .palliate in some measure , the mischievous Ineddling with the Currency, is now mast no 4"i° —Y en g a ged iu the consideration of various Plano for the improvement; or greater security, of the country the system. Indeed we happen to know that such is the emse; and it affords us much pleasure to be ahleto'communicate the fact to our readers because we are c'nwit'eed, that without some such measure it will be im riebnitetoodzipvie„citheeoudnrtero i energies of the ragement'to trsd - -e, and didY more for the improvement of agriculture, by affording country. drooping afforded great encou the means of effecting it, than the whole of the landed interest; and we should, in con whichsequence, be glad to see any measure brought forward had for 45 object their re•establishment, and that, of the 'System which they c.ontrol!ed. Morning Ai.- vertiser.--[We stated en/netball; The Sun about a month to the s ame e ff e ct in age --and 1 e IfERRIES goeo far t o eonlirm the matter.h speech of Mr. ' PRICES OF STOCKS TOTS Rani: stock 3 per Cent. Red. 3 per Cent- C0n5.......9 2 1 1 2 3 per Cc- , t. shut Ditto Red. per Cent. Ann. Ditto, 1826 shut BAnk L. Ann. Ditto 30 Sears Ditto 50 years India Stock shut Ditto Bonds — 1 — ; pm. PRICES OF FOREIGN FUNDS Austrian Bonds Brazilian Bonds Buenos Ayres Bonds — Chillan Bonds 27 Colombian Bonds Ditto, 1824 Danish Greek Bonds Ditto, 1825 -234 40 G uatimala Mexican Bonds . Ditto, 1825 PRICES OF SHARES THIS DAY AY ONE O'CLOCK. Paid. Per Share. Brazilian Mining Company 5 9% Brazilian Imp. Mm. Co. (iss. at 5/. pm.) .£2O - Ditto National lO 21 Real del Monte Mining Co. X IGO 53 .1 United Mex. Min. Co. (iss. at 2/. pm.) £39;4 201,4 General Steam Navigation Co. PRICES OF IRISH STOCKS, DUBLIN, MARCH 15. Bank Stock 24414 St. Patrick Insur. (per sh.) CcrisolE, 3 per cent. Gov. Stock, *4 per cent. 98% National Ditto 77 Ditto, New 9314 ' Patriotic Ditto 4 per Cent lolsi ;Hibernian Bank — Gov. Deb. 3..', percent.... 9114 IProyincial Ditto — Royal Canal StocK — Royal Irish Mine — Grand Canal Stock lmperial Mine — City Deb. 4 per cent. — Mining Co, of Ireland ....., 6 Ballast Office Deb. 4p. c. —iCommercial Buildings THEATRE ROYAL, COVENT GARDEN. MISS FANNY KEMBLE'S NIGHT. The Public are respectfully informed, that on THURSDAY NuiT, March 35, will be acted Shakespeare's Comedy of the MERCHANT OF VENICE. Duke of Venice... Mr. EVAN'S I Antonio Mr. WARDS Sh ylock Mr. CHARLES KEMBLE Bassanio .... Mr. ABBOTT I Gratiano Mr. FARLEY Portia Miss FANNY KEMBLE Her first appearance in that character. Nerissa Mis► NELSON I Jessica ..... Miss FORDE Amin WHICH, THE NEW FARCE OF TEDDY THE TILER. Lord Dunderford.. Mr. EV.V , IS j Henry Mr. DURUSET Teddy Mulowney the Tiler ....... Mr. POWER Lady Dividerford 3fis.WESTON I Oriel = Miss LAWRENCE Flora.— Miss J. SCOTT TO CONCLUDE WITH THE FARCE OF HIGH LIFE BELOW STAIRS. Lord Duke's Serv. Mr.BALLS I Sir Harry's Serv. Mr.FARLEY Kitty Mrs. GIBBS. A MOCK MINUET by Mr. BALLS and Mrs. GIBBS. Tickets and Places to be had of Miss Fanny Kemble, No. 14, Jamey-street, Buckingham -gate; and at the Box Office, Hart-st. THE COLOSSEUM-REGENT'S PARK. The whole of this Magnificent Exhibition being now corn. pleted, and the Interior warmed, the Public are respectfully in formed the Admissions are as follow, viz.:— s. d. To view the Panorama, with the original Ball, removed from St. Paul's Cathedral—the Prospect from the sum mit of th• Building—and the Saloon for the Reception of Works of Art 3 0 To view the Conservatories, Fountain, Swiss Cottage, &c 2 0 To view the Panorama only The whole to be viewed for 5 0 N. B.—ANNUAL TICKETS of ADMISSION(One Guinea each) are now being issued from the North Lodge. 'Ascending Room in daily use. Open from Ten till Dusk. DAT AT ONE O'CLOCK. South Sea Stock 103% Old Annuities — New Ditto — lEx. Bills, .£1,004.134. 77 78 pm. ,Ditto lid. 77 78 pm. Ditto ....... .....500 3d. 77 78 pm. Ditto lfd. 17 78 pm. Ditta Small 24. 77 78 pm. Ditto lid. 77 78 pm. Bank for Account — India for Account — Cons. for April 16 702 THIS DAT AT ONE O'CLOCK. Neapolitan Peruvian Bonds Portuguese Bonds Prussian, Old Ditto, New Russian ISpanish, I4WS!,i 1823 French Renter, sp. c. —f —c. Exchange —f. —c. 3 per cent. Exchange .., t r,-*•,.• — , --:..501, 4 - 7 7 11 r .-,-14-‘lelP.- 10, 1k, lati. ,•••,:. .---.--",tr.-,--7 , - - .....,. , -------- LONDON, THURSDAY EVENING, MARCH 18, 1830. DEFEAT OF THE FRENCH MINISTRY. An Express from Paris, with the debate of Tuesday evening, confirms our anticipations of yesterday. The Chamber of Deputies, after a very stormy debate, divided on the Address to the KING, in answer to his MAJESTY'S Speech, when the POLIGNAC Ministry were defeated by a majority of forty !-221 being in favour of the Address, and 181 against it. This is con clusive either of the fate of the Ministry or the existence of the Chamber. A majority so overwhelming must at once decide the KING in his course : he must dismiss the Ministry or the Chamber—there is no other alternative. If he dissolve the Chamber al l France will be put into a commotion that may shake the Throne itself, for the feeling of hos tility to the present Administration is too ge neral—too deep rooted—and too ominous to be despised : and if the KING should persist in trying another chance with the present Ministry, in the face of such a majority, he will only be courting another proof of disgrace from an in dignant but patriotic Chamber—the proud re presentatives of a free, generous, and sympa thising people. So intense was the bitterness manifested by the majority of the Chamber that the debate was unusually prolonged, and did not terminate till half-past seven in the evening. The result of the division created a most lively sensation in the capital, which will find a ready and exulting echo in the departments. What effect a change of Ministry may have on our relations with France, in respect of Greece, Turkey, Russia, and Portugal, remains to be seen. The present forms, at all events, a most important and interesting crisis in the affairs of France. We have given long extracts of the debate of Monday in another part of The Sun. The fol lowing is an abstract of the debate of Tuesday:— " CHAMBER OF DEPUTIES. " DEBATE OF TUESDAY, MARCH 16. " The President took the chair at one o'clock. "The order of the day directed reading in public assembly the report of the examination made by the First Bui eau of the Right of M. Dudun to bit as a Member of the Chamber. " Messrs. de Montbel, Guernon de Ranville, d'Hausscz, and de Polignac, were seated on the ministerial bench. "It appears from the report, that M. Dudon pays 3,509 f. 86c. direct taxes ; a noisy and confused discus sion takes place relative to the right of M. Dudon to sit as member ; but it finally terminates in the speakers dis covering that the object raised against M. Dudon would Sell equally well against several other deputies, whose right of sitting had never been questioned. "M. Duvergier d'llauranne takes this opportunity of speaking of the dismissal of M. Donatien des Sesmaisons. " The Prince de Polignac denies that this Peer had been dismissed from his post of Colonel-in-Chief of the Staff of the Guard on account of his voting against M. Dudon. The Prince adds that the dismissal of this per sonage is not the subject of discussion. " The admission of M. Dudon, after a great deal of uninteresting and in elevant discussion, is decided upon without any division. " The Chamber then resolves itself into a Secret General Committee, and strangers are ordered to withdraw. " The discussion of the paragraphs of the Address was resumed. The paragraph upon Portugal terminated in the following manner : " It is worthy of the solicitude of your Majesty to put an end to the evils which afflict Portugal without touching the protecting principle of legitimacy, which ought to be held equally sacred by Kings and people.' " The paragraph relating to the war with Algiers is to the following effect : " ' Your Majesty does not think proper to defer any longer taking measures to obtain ample reparation for the insult done to yvur flag. We shall wait with respect the communications that your Majesty shall think necessary to be made to us respecting a subject of such great import ance. Sire, whenever it shall be necessary to defend the dignity of your crown, and protect national commerce, your Ma;3sty may rely upon the support and upon the courage of your people.' " The Address is said to terminate in the following manner : ti ' Cal!ed by your Majesty's voice from all the parts o, the kingdom, we come to lay at the foot of your throne the homage of a faithful people, whose emotion on behold_ ing you the most beneficent in the midst of the general be neficence has not even now ceased, and who venerates in you the accomplished model of the most noble and most touching virtues. " Sire, your subjects cherish and respect your autho rity. Fifteen years of iteace and liberty, which they owe to your brother and yourself, have strongly rooted is their hearts the sentiments of gratitude which attach them to your august dynasty. The people, now enlightened by ex perience, have learned that, especially in matters of au thority, the antiquity of possession is the most sacred of all titles, and that it is no less for their own happiness as well as your glory, that ages have placed your throne above the reach of storms and tempests. Their conviction coincides with their ditty, to represent the sacred rights of your Crown as the greatest guarantee of their liberty, and the integrity, the inviolability of your prerogatives, as the safe guard of their rights. " ' However, Sire, notwithstanding the unanimous sen timents of respect and affection with which your people surround you, the tranquillity of France is interrupted by the most anxious feelings, which might become fatal to her happiness, were they to be prolonged. Our conscience, our honour, and the fidelity which we have sworn to your Majesty, and intend to keep with scrupulous attention, make it our duty to make the cause of that anxiety known to your Majesty. " Sire, the Charter which we owe to the wisdom of your august brother, and whose blessings your Majesty is determined to consolidate,—that Charter has given to the country the right of intervening in the discussion of the public interests. Such an intervention ought to exist ; it is indirect, and wisely circumscribed within limits which we shall never suffer to be passed. But it is also positive in its result; for it makes the concurrence of the political views of your Government with the wishes of.your people an indispensable condition of the regular administration of public affairs. " Sire, our loyalty and our fidelity oblige us to assert that this concurrence does not really exist. An unjust mistrust of the sentiments and reason of France is the principle which now governs the Administration. Your subjects view it with pain, because it is insulting to them ; they also view it with anxiety, because it threatens their liberties. But such a mistrust can find no access to the heart of your Majesty. No, Sire, France is as great an enemy to anarchy as your Majesty is of despotism. She deserves that your Majesty should rely on her loyalty, as she relies on your promises. _ " ' Let the high wisdom of your Majesty decide between those who do not understand a nation so calm, so faithful, and us, who, guided by a sincere conviction, come to de pose it in your Majesty's bosom the affliction of a whole people, jealous of the esteem and confidence of their King. The royal prerogatives of your Majesty afford you the means of establishing between the different powers of the state, that constitutional harmony which is the first and essential condition of the grandeur of the throne and the prosperity of "M. Alexander de Laborde blamed the delay in pre paring the expedition to Algiers, because every day cost millions; and would to God that it only cost millions! It would be too late for this year ; for the embarkation could not take place till the 15th of May. " The Minister of Marine, in a written discourse, enu merated the insults which had determined the Government to prepare the expedition to Algiers. He drew a picture of the piracies of the Dey, recalled the discussions which had passed respecting some liquidations in favour of his subjects, and described the blow given to the French Con sul. He assured the Chamber that the expedition was necessary to avenge the honour of the French flag, and that the result must be glorious to their ar►ns. " The paragraph respecting Algiers was then agreed to by the left and two centres. The three paragraphs which followed excited no discussion. " The last part of the Address was then debated. " General Demarcay defended the expressions in which it was couched. "M. de St. Marie, M. de Cordoue, and M. de la Boulaye, severally addressed the Chamber. The latter de fended the Ministry, as did likewise M. de St. Marie. "M. Dupin succeeded M. de Boulaye. His speech was listened to amid the murmurs of the right side and the applauses of the left. ' You wish the Charter, you tell us,' cried he to those who interrupted him, ' but you do not desire its consequences. You desire the car, but you would break its wheels.' " The paragraph was the❑ adopted by a great majority ; all the right, and the half of the right centre, voting against it. " M. de Berbis proposed an amendment on the last paragraph, which he represented as more respectful to the Crown. " M. Guizot supported the original address. " M. de Lorgeril proposes a new reading of the amend ment of M. de Berbis, to the following effect :---‘ Never theless, our honour, our conscience, and the fidelity which we have sworn to your Majesty, impose upon us the duty of making known to your Majesty, that in the midst of the unanimous sentiments of respect and affection with which your people surround you, lively disquietude has been manifested in consequence of the changes which have been effected since the last Session.' " General Sebastiani opposed the amendment, and de fended the wording of the commission. " M. Pas de Beaulieu spoke for the amendment, though he was against the Ministry. " M. Berryer spoke against the address. " After a good deal of discussion, in which M. de Bourdeau, M. de la Rouchefoucalt, and M. de Puymau.. rin took part (the latter declaring that the Address was a work of darkness), it being now towards evening, the President put the adoptio❑ of it to the vote, when the result was— For the Address Against it Majority against Ministers The following are extracts from Hamburg Dutch, and German Papers, received by the Flanders Mail this morning : HAMBURG, MARCH 9. Accounts from Stockholm of 23d February say that the King had on the preceding day signified by the Marishal of the Diet to the Chamber of the Nobility, that his Ma jesty had fixed the 15th March for closing the Session. BRUSSELS, MARCH 15. Letters from Hamburg say that it is believed among the merchants of that city that there are negotiations of great importance on foot between the cabinets of Stock holm and Petersburgh, the object of which is presumed to be an offensive and defensive alliance between the two States. The Nuremburg Correspondent announces, as might have been expected, that the news of the taking of Cattaro by the Montenegrins is unfounded. HAGUE, MARCH 13. (From the Journal of Antwerp.) The important modifications in the code of instruction criminelle, which have been assented to by the Govern ment, give reason to hope that it will be adopted by the Chambers. The project of law on the Press having been examined by the sections, has been judged inadmissible by a great majority. The discussion on the petitions has greatly agitated the public mind at the Hague. Religion has been too much mixed up in the question, which shews the unhappy in fluence of parties, and religious differences on political affairs. However, the right of petition has tfiumphed, and it is supposed that M. Donker Curtius himself will renounce a design which will certainly be defeated by the free Nvill of the Chamber, to maintain that right in its fullest extent. CONSTANTINOPLE, JAN. 12. It has been agreed upon by the three legations of France, England, and Russia, that the Greek ships, and the Greeks themselves, who belong to the new State, and are provided with documents from the Government, shall be placed under the protection of one of these legations, or of the Consulates depending on them. VIENNA, MARC!! 6.—Metalliques, 1031; Four per Cents., 97 ; Bank Shares, 1,322. In the interval between the opening and ter mination of . the Debate on the state of the country there is a point of view in which the existing distress well deserves to be considered. It is one which may assist in forming a judgment as to its temporary or permanent character, and may also elucidate the connexion that really exists between the currency and the general lowering of prices, profits, and rents. The standard for determining the relative pro ductiveness of the different countries of the world is the cost at which they obtain the precious metals. The wages of the labour which has pro duced the exportable commodities with which the precious metals are purchased, regulate the wages of every other kind of labour, and when we say that in England the annual wages of labour are from 9to 15 lbs. troy of silver, and in the United States and Canada, from 12 to 20 lbs. troy, we assert that labour is one fourth more productive in America than in England, or that the cost of obtaining the pre cious metals is one-fourth less. This difference of course extends to rents and profits, and to the income of money of each individual in each country, for these depend upon the rate of wages in general ; and it is therefore evident that what ever increases tho efficiency of English labour, and raises its value in foreign markets, tends to promote !.:a. general prosperity, by, giving all classes a greater command of money, and monies'-worth, than they had before. On the other hand, whatever diminishes the value of English labour, tends to place the coun try in the situation which is termed " general distress." The various causes in operation during the war, and especially the improvements in machi nery by the inventions of ARKWRIGHT and WATT, increased the efficiency of English labour to a prodigious extent, and reduced to us the cost of obtaining the precious metals by at least one-half. Prices rose accordingly—every man's income was swelled—rents were put up—and the country was for a season in that thriving condi tion to which we , now look back with the sad reflection that it has passed away, and with an almost certain conviction that it is not likely to return. For now the incomes of all producers are grievously reduced—profits are often so low as scarcely to deserve the name. English labour has diminished, and is, we fear, diminishing in value—and taxation (without disparagement to the CHANCELLOR of the EXCHEQUER'S late li berality) remains nominally the same, whilst it has, therefore, in reality, been aggravated in its pres sure. This is the state in which, without exag geration on the one hand, or dissimulation -on the other, the country in fact stands, and the im portant question to be determined is simply this— . Why is the cost of obtaining the precious metals greater to us than it used to be, or rather, than it might and ought now to be ? Some people think that the changes in the currency have led to this result. But the Duke of WELLING TON showed the first night of the session that there is more money in circulation now than at any period of the Bank restriction, and the fact was confirmed on Tuesday by Mr. WARD, one of the Bank Directors. Besides which, sup posing the return to cash payments had abstracted twenty million sovereigns, or less than 400,000 lbs. troy of gold from the whole quantity of gold bullion, coin, and plate in the world, which is estimated at 10,000,00011 , 5. troy, the removal of 1-25th part could not sen sibly have affected the value of gold; much less could the substitution of gold and silver for the four or five millions of 1/. notes lately called in, or the subtraction of 1-500th part from the two thousand millions sterling of gold, silver, and plate in the world, have any perceptible in fluence upon prices. It would therefore be easy to show that the distress cannot arise from what is called " tampering with the currency ;" nor would it be less easy, as we apprehend, to expose the fallacies attributing it to over pro duction, as if every man would not like abund ance of all things, if he could get it—or to im provements in machinery, the very means of in creasing the efficiency of labour—or to free trade, which does not in fact exist, but which, if it did, would be the surest way of turning in dustry into the most productive channels. These, then, cannot be the causes of the enhancement of the price of the precious metals, and the falling of prices. Whilst we are afflicted with corn laws, and the remains of the system falsely called protective—whilst we are over-run with monopolies, and almost crushed to pieces by taxes—are there not other causes, on the mis chievousness of which time may be found to descant, to whose removal some efforts may well be devoted ? Mr. CONTINI, an Italian Messenger, arrived at the Colonial Office this morning with dis patches from Sir FREDERICK ADAM, Lord High Commissioner of the lonian Isles. These dispatches are dated Ancona, March the sth. Mr. CONTINI was also the bearer of dispatches from Mr. DAWKINS, the British Minister in Greece. Mr. BUCKINGHAM has sent us a letter, to which the very crowded state of our columns prevents us giving insertion. In this letter he entirely exculpates himself from the charge of having accepted a retainer fi out the East India Company. We should have thought it hardly necessary for Mr. BUCKINGHAM, whose prin ciples have been so widely promulgated, to an swer so absurd a charge! COURT CIRCULAR. The Duke and Duchess of CUMBERLAND came to town yesterday morning, from their residence at Kew. The Duke of CUBERIAND paid a visit to the Princess AUGUSTA, at her residence in the King's Palace, St. James's. Their Royal Highnesses returned to Kew in the afternoon. The Princess AUGUSTA honoured the performance of The Messiah, at the oratorio at Covent. garden Theatre, yesterday evening, with her presence. Her Royal High ness sat in the box of the Duke and Duchess of GLOU. CESTER. Prince LEOPOLD left town yesterday afternoon, on his return to Claretnent. A Cabinet Council was held at three o'clock yesterday afternoon at tie Foreign Office, which was attended by tie LORD CHANCELLOR, the Duke of WELLINGTON, Earls f 3 ATIIURST, ROSSLYN, and ABERDEEN; Viscount MEL mix, Lord ELLENBOROUGH, Mr. Secretary PEEL, Sir G. MuitaAY, the CHANCELLOR of the EXCHEQUER, and Mr. Ihaaits. The Council remained in deliberation during an hour and a half. A numerous deputation, including a number of Members of the House of Commons, among whom were Sir THOMAS BARING, Sir HUGH INNES, Sir M. S. STEWART, Mr. BUXTON, Mr. AncHißALn CAMPBELL, and Mr. J. CAMPBELL, attended at the Treasury yesterday, and had a conference with the CHANCELLOR of the EXCHEQUER, re specting the Brifish American claims. A deputation from the city, headed by Mr. Alderman Noon, had a conference with Mr. HEARTEN yesterday. Mr. TYRRELL, the Deputy City Remembrancer, accom panied the deputation. The Spanish Minister had an interview yesterday with the Earl of ABERDEEN at the Foreign Office. A deputation from the Provincial Bank of Ireland, beaded by Mr. SPRING' RICE, M.P., had a conference with the CIIANCELLOR of the EXCHEQUER yesterday at the Treasury. A Messenger was sent off yesterday evening from the Foreign Office, with despatches for Ancona. Lcrd FARNBOROUGH had an interview yesterday with the Duke of WALLZNCTON at the Treasury. THE FUNDS.-(THIS DAY.); CITY, TWELVE O'CLOCK We have no arrivals of consequence. Mauritius Papers have been received at the North and South American Coffee-house to the 6th December. A new Commission, under the Great Seal, has been issued for the trials in the island of offences committed by sea. A Proclamation has appeared, offering two hundred pounds reward for the apprehension of the person who murdered a sailor and wounded another of the crew of the ship Tweed, which was committed in the darkness of the night. An ordinance has appeared for imposing a special tax on carriages, horses, mules, &c. The Express from Paris this morning, with the infor mation that the hostile address against the French mino rity was carried by a majority of 40, and its strong lan guage of the strict adherence to the Charter, has createc' some sensation amongst the speculators, who now begin to think that the Chambers will be dissolved or Polignar must retire. Consols, which left off yesterday at 92+ for the Ac count, opened 92i, since which they have been 92i. No feature as yet in the Foreign Market. It was very generally reported yesterday 'afternoon, that a notice respecting the conversion of the Four per Cents. had been received at the Bank of England, and that . the projected reduction was, that every holder of Four per Cents. should receive 1101. of Three and a Half per Cents. This caused a very considerable fluctuation in the :Market, Consols advancing to 92, and the Four per Cents. falling to 1021. Nothing farther has however, transpired on this sub ject, and the quotation for the Account is now 92i buyers, and for the Four per Cents. 102,1. 1 ZJNDS. 31- per Cent. New 4 per Cent., 1021 4 per Cent. 1826, India Bonds, 78 77 Exchequer Bills. 77 7$ Two O'CLOCK. ENGLISH Bank Stock, India Stock,.-- 3 per Cent. Cons. 92 Do. for Account, 92k Ditto Reduced, The expected rasssage from the Bank has not up to the present time, in regard to the reduction of the Four per Cents., been communicated. The above event keeps the Consols on a poise; and had it not been for the Hebrews purchasing in the early part of the morning, the market would not have continued so firm. Consols have fluctuated front 921 to 92i for the Ac count. At present they may be quoted 92,1 sellers, with little business doing, and 92i for money. We have no other political information, except that which has come by the Paris Express, which in the pre vious part of the day caused some alarm to the speculators. In the Foreign Market Greek Bonds have bee❑ the chief speculation, and have fallen 2 per cent. owing to ac counts from Holland, where they have gone down 7 per cent. THREE 0' CLOCK. Consols for Account, 924. FOUR O'CLOCK.—CLOSING PRICES. Consols 921 t Danish Do. for Ac. 921 -I Greek, 1825 40 Brazilian Bonds 72 Mexican, 1825 311 Buenos Ayres :311 Peruvian 201 Chilian Do. 26i- Russian Columbian, 1824,:21 j Spanish 141 LAW INTELLIGENCE.-(THIS DAY). COURT OF CHANCERY. MOIRIS V. DAVIS. The LORD CILANCELLOa stated that be had read over the papers again in this case, and that, considering the result of the various proceedings that had taken place, the opinions of the different Learned Judges before whom the case had been, the nature of the case itself, and the conduct of the parties, he thought, in dismissing the bill, that neither ought it to be dismissed with costs, nor with any special declaration. The bill, therefore, simply stands dismissed. THE MARKETS.-(THIS DAY) GENERAL AVERAGE PRICE OF BRITISH CORN, For the Week ended March 12, 1830, made up from the Returns of the Inspectors in the different Cities and Towns in England and Wales, per Imperial Quarter. Sd.l Oats 21s. id.' 30s. 11d. 295. 011 Rye 375. 3d.lPease--....... 355. 44 INIPERIAL AGGREGATE AVERAGES OF THE SIX WEEKS PRECEDING. Wheat—..-5 Rs. I'd.l Oats 21s. 2d.1 Beans_ ......30s. 10d. Barley 295. Od.l Rye 34a. 6d 1 Pease 355. 4d. DUTIES ON FOREIGN CORN. Wheat 293. Sd. Oats -15 s. XI Beans.--21s. 3d. Barley ISs. 4(1.1 Rye -:183. 3d.1 Pease i)1. SPORTING.-(RECEIVED THIS DAY). WARWICK SPRING MEETING. BYRNARD GRANVILLE, Esq. and T. Hootut PEARSON, Esq. Stewards. Mr. T. H. ATxtxs, Clerk of the Course. WIDNESDAY, Maiscn 17.—The Trial Stakes of 10 soy,. each, with 50 sove. added, for two and three years old. Mile course. Mr. Beardsworth's b. c. Independence 1 Mr. Crouch's b. f. by Bobadilla Nine others started but were not placed. The Pillerton Stakes of 25 sovs. each, h. ft. Two miles, Gentlemen riders. Lord Anson's b. c. by Filho Mr. Ilobson's hr. c. Contraband Mr. Thompson's br. g. by Frolic Five drawn. A Match for 200 sous, pp. Once round the course. Mr. Gregory's b. h. Matchless Mr. Panton's g. nt. Jessey 2 The Tradesmen's Cup, of 50 sovs. value, raised by the tradesmen of the town of Leamington, with a Sweep stakes of 5 sovs. each. Two miles. Mr. Russell's gr. m. Alice Gray Mr. Pearson's ch. g. Cogniae Mr. Gregory's b. c by Fitzorville 3 Two others starter! but were not placed. A Match for 400 sovs. Four miles. Sir E. Mostyn's b. g. Dumpling Mr. Graham's cb. m. Aunt Bell Wolford Stakes of 10 sovs. each. Two miles. Mr. J. Day's br. h. Nimrod 1 Mr. Granville's g. Maid of the Mist 2 Mr. Newman's br. m. Catchfly 3 Two others started but were nut placed—two drawn. The Leamington Plate of 50 sovs. with 10 sovs. to the second horse, for farmer's horses. Two mile heats. Mr. Kent's b. m Madame Vestris Mr. Hawkes' hr. m. Lady Lennox Mr. Kendrick's b. m. by Benvoglio 2 3 Mr. Mann's g. tn. Miss Shaw 3 dr The Leamington Stakes of 5 sovs. each. Two miles. Mr. Umbers's gr. h. David Mr. Lucas's b. g. Osbeston 2 [An objection was taken to David, that he had been in training stables, contrary to the conditions of the race. The Stewards decided in favour of the objection, an] de clared Osbeston the winner.] The Cavalry Cup of 50 sovs. by subscription, with the surplus in specie. Three-mile heats. Mr. Walker's b. b. Columbus. by Muley 1 Mr. Kendrick's bl. g. Doubtful Mr. Bateman's ch. rn. Forest Lily A forced Handicap of 10 sows. each, for the winners of every race run at this meeting. Once round and a dis. Mr. Tomes's b. c. Foxcote Sir. J. Day's Nimrod Mr. Ilobson's Contraband 3 Four others started but were not placed—three drawn. The races were productive of great sport, end exceed ingly well attended. Many noble and distinguished fami lies front Leamington Spa were present. The grand Oratorio of the jlessiah was last night performed at Covent-Garden. It was so well per formed that we hope it will be repeated frequently during the season. Mr. BUCKINGHAM'S Letter, which has been published in the Morning Journal, is a complete answer to the imputation of his being silenced by the India Com pany ; and we leara that he intends foil 'wing this up by the delivery of a Gratuitous Lecture on the Evils of their Monopoly. on Wednesday evening next, at seven o'clock, at the great room of the Crown and Anchor Tavern. LITERATURE.—The followinw new works are just published by Messrs. COLEUILN and BENTLEY, New Burlington-street :-1. The Marquis of LoNnox- DERAY'S Narrative of the late War in Germany and France, 1 vol. with map and plan. — 2. The second vol. of CAILLIE'S Travels to Timbuctoo, which completes the work.-8. Field Sports of the North of Euro p e, includ ing a Narrative of a Res idence in Norwa y and Sweden, b y L. LLOYD, Esq. 2 vols. Bvo. with num e r ous plates.__ 4. i author of c Caleb Williams," 3 vols —5. TEM PLE ' S T rave l s i n va rious parts o f Peru, includin g a Resi dence at Potosi, 2 vols. Svo. wi th numerous illust rations.-6. Carwell, or Crime and Sorrow , 1 vol. -7 . Captain Mooitsom's Lit ters from Nova Scotia, 1 vol. small Svo. with a map an d plates. (eirsllelvit:to a novel, by W. GODWIN, Es,-.sp" SHIPPING INTELLIGENCE.-(THIS,DAY.) FROM LLOYD'S. DEAL, MARCH 17.—Wind W.S.W.—.Arrived from London, the Samuel and Sarah, O'Hara, for Leghorn ; Chieftain, Salmon, for Genoa ; Levorno, Crimple, for Leghorn ; Alfred, Jackson, for the Cape and the Mauri tius ; and Industry, Bristow, for Africa. Arrived the Celia, 'l'ri•t, from the Mauritius. PLYMOUTH, MA nos 16.—Wind S.W.—Arrived from Jerey, the Catherine, Le Montre, from Cuba. Dovza, Alsacit 15.—Off Port, the Colosseum, Win sor, from Matanzas; and the Augusta and Melone, Salmon, from Havannall. LIVERPOOL, MARCH lb.—Arrived the Agnes and Ann, Martin, from Savannah; Glorat, Martindale, from ; and Woodman, Woffendale, from St. John's. Off Port, the Marshal, Macdonald, from New OrleanF. SHIELDS, MARCH 13.—The Mary, Hogg, of Bar wick, was upset last night off the Bar ; crew saved. BELFAST, MAncli 15.—The Arran, from Irvine to Dublin, struck on a rock off the south side of Donagadet! the 13th inst., and becoming leaky, has been brought within the pier. WHITEHAVEN, MARCH I6.—The Kitty, Raef, sailed from Workington the 10th inst., and foundered the same day off Tonsonby. BRIDGEWATER, Aliacil 17.—The Cal,leeott Ca tle, Cottle, from Newport to this port, foundered the ISth nst. near the Holmes ; crew saved. BANK OF ENGLAND-(THIS DAY). The Half.yearly Meeting of the Proprietors of Bank Stock was held this morning, in the Bank Parlour, fox ea purpose of declaring a Dividend on the capital Stock o the Corporation for the current half year. This being the meeting at which discussions usually arise on the sub ject of the currency and other important matters, the meeting was fully attended by the monied interest of the City, as well as many persons from Country Banks. At twelve o'clock the Governor, Samuel Drewe, Esq., followed by the Deputy Governor and nearly all the Di rectors, entered the Court room.—The Mi➢utes of the previous Court having been read, The GovEalloa informed the Court that this wai a Half-yearly General Meeting, held in patsuarce of the Charter, for the declaring a Dividend en the capital Stock of the Company. The Court of Directors having looked into the book accounts, have agreed to a dividend of four per cent. for the half year ending in April. Was it the opinion of the Court that such a dividend should he agreed to ? THE CIRCULATING MEDIUM. Mr. Yours said that the subject of the declaration of a dividend was one of great importance, and before the Court could agree to it, he considered that the first thing they should do was to have an account of the profits of the Bank, out of which the interest was to be paid. This want of information on the subject of the Bank affairs was of the greatest importance, the operations of the Bank influencing as they did the trade and manufactures of the country. He considered it the most extraordinary thing that, in this enlightened age, a body whose pro ceedinebs influenced property throughout the kingdom, should keep the proprietors in the dark on the subject of their affairs. The public were largely interested in the course adopted by the Bank, and he contended that had the Legislature granted the Bank a Charter to proceed at random and how they pleased, that power was new pos sessed by the Directors, and that instead of four p r cent. 20 per cent. might be given as dividend. Ile did not fear that that course would be adopted, but the Legislature had granted to the Bank large and exclusive privileges. He conceived that the Bank had made themselves a pal ty to secrecy, and he contended that had publicity been ;.ivetr to the Bank affairs 40 years ago, the commercial distress arid run of 1797 and 1825 would sot have eccarred. The want of a proper knowledge of the course pursued by the Bank, and the little employment for capital, led to specu lations in loans to companies. It was a matter of great importance to the public what the real amount of the cir culating medium was. The Directors had stated it at twenty millions, but he considered that what with the deposits in the hands of the Bank (and which be consi • tiered as forming part of the circulating medium, being to be provided for if required), the amount was nearly twenty-eight millions. This might occasion a great change in the value of property. By giving publicity to the affairs of the Bank, confidence would be restored. There was a subject of the greatest importance to which he would now refer. He wished to know if there were any neeocia tions in progress between the Bank and the Govern ment, relative to the reduction of the New Four per Cents. ? He wished to throw a shield over the Bank, for if rumour were correct, the Bank was pledged to the ex tent of ten or fifteen millions, to carry this measure into effect. He was opposed to the Bank being made any party to a speculative transaction, as in the event of any t u h n is fr o v b c j u e r c a t b . le T p ire oli p tical occu rrences .. the Company might suffer. Ile objecte to any triple alliance to complete 1 , the p.l.!ict creditors, and tbou,:, . -5. • . Cl) be applauded, still the Government ought . not to pay off this stock unless out of real excess of income—this was guaranteed at the time the money was borrowed. After some further remarks, be concluded by moving a series of resolutions to be attached to that for the declaration of the dividend—that at all future half-yearly meeting,, ac counts should be furnished to the Proprietors of the amount of the Bank notes in circulation, the amount of deposits at the Bank and Branch-basks, the amount of security held for advances to Government ; the amount advanced on mortgages ; the amount of deposits, and a general balance sheet of income and expenditure, profits, &c. Mr. Young concluded by saying, that, in the event of his amendment being adopted, the Court of Proprietors would not be taken by surprise by any motion that might be acted upon between the Government and the Bank ; he was satis fied also in his own mind that the Branch Bank system, to which he alluded in his amendment, was a great loss to the Proprietors, and by no means beneficial to the country. Mr. SAMUEL Dixox inquired of the last speaker whether he meant his resolution or strendinent to be blended with the declaration of the Four per Cent. Divi dend to be declared by the Governor ; if be did nut menu that both were to be l ut together, then the amendment must be put after the dividend hal been declared. Mr. YOUNG said that he wished the amendment and the declaration of dividend from the Chair to be coupled. The GOVERNOR contended that both ought to be kept free. Honourable Proprietors might vote in favour of the dividend, and yet object to the amendment; and if both were put together, the declaration of 4 per cent. might be voted against. Mr. Youlia complained of tricks. The meeting pro forma was always adjourned after a dividend had been de clared, as was the case at last meeting. The GOVERNOR defended the conduct of the Directors at the last meeting, which was strictly its accordance with the by-laws. Mi. S. Mimi would have the amendment read to the meeting, and the sense thereof taken u to whether both should be put together. On the question being pot, A PROPRIETOR asked if the dividend were declared on the bona fide profits of the half-year? The Govrnxon answered that the general state of the Company's accounts was also taken into consideration, when these dividends were declared. The present dividend certainly was not founded on the profit and lose account alone. Mr. PAYNK (a Bristol banker) spoke in support of a production of the accounts, &c. of the Company. He con tended that, as the Bank had now at its command a greater sum of money than even his Majesty's Ministers, the more important it was that every information should be afforded, and statements be given to the Proprietors how that capital was employed. The great panics had arisen from a too great issue of paper.—(Cries of " Question.") A PROPRILTOZ asked whether any steps hid yet been taken on the subject of obtaining a renewal of the Bank Charter. _ The GOVERNOR replied, that as yet nothing had been done on the subject. The Proprietors would be caller) to gether as soon as the question was to bo agitatrd. With respect to the motion in the House of Commons alluded to by an Hon. Proprietor for the production of accounts of the liabilities of the House the Court of Diroctors had nothing to do with it. Mr. JOLLY contented, that the making out of the ac counts would be productive of gr,at inconvenience and injury. . _ 'AIL DALEY thought the effect of the resolutions was to stigmatize the 24 Directors as ignorant and dishonest men, and who here unahle to manage the House affairs. Mr. Duo); followed on the same aide. He contended that the House had always stood forward in times of com mercial difficulty, and maintained the character of the commercial interests of the country. Mr. RIGBY conceived that the Directors, by a strict in quiry, could be compelled to produce the accounts. He understood, however, that in the present outcry about monopolies the proprietors should unite. (LEFT BPEA1C11,18.) The Duchess of KENT and Prince LEOPOLD honoured the performance of the Italian Opera-howe, on Tuesday evening with their presence.