The Sun. — London, England, 1811-05-07 00:00:00

f t t pose w o_ th e , vait ,he exception 'of the. tp. Jisthictly. Having pre tidied I nos neich, lu now proceed to the eon. t a,leia. titistinpoftLini ~, , e, j ect irc.rll ic,hearings, to t'at joAtiog all 00,e CirCltttisitt' cc:,, Which pressed upon his 'tad, so as to 'induce hitn to pr: , pose the : 4c - solutions, which app,...ar a et, beset .in . str and or ` iehrebeadsiptea br the Uou.e. Fie aware hat the subject was one to, welch many o t her Qerit.emen ; were tuorecomp : tent than hnosett; that it had,ln 'act, been touch la: , tier examined by them ; but, howevet, having . c4,6 - ,.cie L d it his fluty 10 give the object much at-e letiornr, he hail come.prepared with ti - general view of eeeicue fie t:troufit eiidet4otar - to ebinpr.stfti . ' much as possible, 10 ko doing he was afraid lie' s4ould be:ohli.ged - tO tteSpasS longer on the patience 451 'the Cominittee titan lie should wish to do, Among . tee various opinions 'which were to be found in the discussions when simiiar questions were agitated; it would be Seen tipon'refereneC, that these, opinions had been carrion . to the most violent ex tretlieS On both SldeS. Seine had argued that the etolitiet - el the depreciation were to he attributed to the i:42 : itle • of 'p ile' . currency alone, inste a d of that me tallic substance, .which a, cot cling to, the law pi the kA xis the'only tnedituri recognized. On 11 ) ,, t tither iiatol, there were pi:twins,. and tho,c of eX pfrlevel., and talents too, who ptopeSed to revert to . the it,:cirot axions, prior to the insinattion of the Bank of and that the rein,aly was only to he found in the Citehlittioh Of the standard metal. TO these two exiierueS . , he sloAdd propose, to bte-I . the Middle cows - , which was, not to admit and to adopt either of these extremes ; lot, with a vieW to the,preseavation of that currency, the only Late m tOlOond its )asis upon the precious me tal, originally the only Cirettliellig medium of the king ow. thete w-t. another Opinion hiCh bad gout . forth erronecto enori ii, and ttiat opinion was etteetatoed by triaoy persorei, who thought that the only rt:ntiedy was not to extend the paper 'issues, but to JO it away altogilef.. There were pQrsons who euteriained A jealytt.y and suOnon of the B t o Eo4l:ind, its an Institution.WhOevet - telt a proper, respect for Ins &marry, could never agree with ihose wtho held still ductilees ; lbr the origin of %hat institution •si , as highly praise-wort coariect ed, ifs it Wai I hen, with tilt Itberties-ot the Country. When therefore the 13.11 k was first ; establOhd, it Was one of the as ut that GoYernmeid, which,. in addition to the twiny benefiis derived' by . the lirst,i ratirm, was co nin-niaLeli: itt the e ' yoitit ever} , Well t,) his 'No matt' Ir/ha bad ever at tended to the distrest;es winch, in iods of obit history, war hits pritilaced„ - ttahk i f . doubt for a litOttleitt . 1 hat fruit the nut n u ;y the Oilvernment, but tile corninercial erCilit of the country bad received the tioeuitaie witilSt4hCe. it Wirt tit that tkliCllCtithy trithiered, that, in the ,:rogpi;:t Of Sittli;:tr dolls SO eforiN tail May look. for stippoi The ieteeest ' s of the Batik 'of k:aglarid, therefore, forrne ,- i yre part of the pubilecrel4 of the. agile., rt stfying thtli little;t h .'+i9llell is ,j1;1111 itgahlt lllls take 'le any uroioni hien After its to the view Welt it co' icitititittit opuil !t , e su ;e t, and ti n fnerat cis r, , inedyntg t to eVtl; were pretty g e.: to r lily .idniattd, c. a 111 , att.3' , A11164 could be etteduall; resoiieA to was, to res'o n thing's to what they were previa), t,, 1797, w lieu the re,i ►ictioe was first la ao douig, 11111 , t plottit,i4l rod ; Jou it W.it a r,Mor:4 v.,);;ld weeild hav'e eeen beim lit I i r coit,iry if it had lee faired dep;nled froan, acrd which Ilothi9g ceuld have but the most ttreeot trecessny. Fie wish ed tutu tpi tifatlist a prejniliee k; ryally diotaiO6l ineely that i le.se win) pro posed to restere ' illied,s io their .ice lent order, it a Ott ui' vcr,'ao y readily proieulgated i.eas Vihr . Ch eerie . be len. prActteC. With respe4 le the i'll.!ory wutell he incept iotAtkatC., lit it id to obseete, that it. wall the theory oh ',those pers.. os who, in the best of times, foued..7a.ttit:: flaii,k ut it:!glant; end if it were a theory to believe what would 1 :10v•c pra-ii,,,.„ 1 1 f. , ; 00(1, it it:lopted, it was one built epoo toieelatent. in that Opinion he was not ; tor lie lilt mite satisfadtioil of kno , Aing that lie subs: t tdta to the doth 'leek; betd by ttiOst of practicai Stafestwo pt. which this coniitty hoitsri:d, who hial given to them all the eOtildilerathiti gild weight tieceSsary to gonad to a right totiehiS!on. They had tak , .fn , the opinions of the best prat teal Nkrehatits s, and of these vilest einnpetent to tote thloiinaiton ; and his moist have had but art litiperfed Wes Of what was 4011durivo to the WteleSlS of the Stale if 'Opt); hAd neglected so to tier. TiteirioSt im portant,- e‘es ' ecitiji. and war to be dioso of _radical litWh ch• puthuit, t4ttiOre, it should be chat ged against liiin that lie had eutered into the cen,ideratiort o.t , the subjca with opinioni prt , conceived, to that charge lie was I , able; and in deed beheltevedevery Member of the Bullion Com mittee charger/ with the kinneoPinions.— With respect to the It olgtioim cat his night mumble Friend .o.lr, VanSidatt . ), it would have been a great entliceniecce to him if he could have guessed whidh Olthe opinions hr (Mr. liornel) • had ihrowu out,. ,Weilldhlti.e been contrOvt . ,rted; but ilia!: he ennid tiqt ta, as. 'The last of his Right firm; rrieneri Resolu, - ions gave him all lie could wish ; fir it adatale I that it was expenitnt to remove the res'ri6lta , s,. , A ail this quallileation—'' but nut prior to the 'Ci.4kusioii of a delih ill C treaty at peace. " — I le wAs prepared fo , heat Itit; in to wii3t he slidnid state, w bleb detdrines-were up to the pri*.nt day dordated. NhOW the fallacy of xnch he, should •endeavber: . 10 satisfy 'the (36M1 , 44te . ettitit toe causes of the 'tigh price ui (Ad -1100 not .ittributnide to the un.fas . ottrable mace' of the es,chstigoi, when tfuuse had delegated to the tominittee up stairri . full powers to inquire into the causis %inch led to the higi) price.ot gold bullion, :Ind the grcil,k tz.?icess its tint nia,let price, as settledi, by the atanaird d the realm. Since that inquiry, the vii entoplained of had greatly increased. Toe stand. gird price Of gold was at that time 31. 178. 10i. j . /list surritner it was as 1140 its 41.105. ;' this year as high as 4-1. and in some tables it had been quoted as high as 41. 18s.;t but oil comparing these with otheitiibles, ItHWitS clear that the average was 41. 14.6, being an excess in the niarket Err ice of 2t) ver cvni , ()vox and gtxtva the pricy beithgl at the, ink tam ilarstarii re: lau • • • fxd curreney tifilhe real b lg - coil:10001d and-silver,, ail ts4e l S paper mon At'Of,course tisk/ling lesOthini stigialat ion y in ilmilewfamOney the reality. -Thai being so, a Bank-note of - rue pound must be taken in part its 2 stipulation or agreo.:. .bent to .pay on deMand twenty shillings.oftivynA coined inohey. Now, as Banlc l ootea ot , that. value put port to represent gold air& silver; Ind as the real value 'of a ; note of that description, (rain the high price of -the .soteldsidlitip above slae,paiueittntied by the Mint, is of 6iiiht,;i-deprklateii 7n li'aitio; rho tett! quantity of precious Mtmal which it will pnr chafw is lbs.. fO4. and it• tonguetepresents the quaintly of gold and silver to the value of He was prepared broadly 10 state sand argue, that it had deviatedAroni its •Origutal' value to than extant: did not expect that it would be •centroyerted in, tftib House, when he assumed as -Mat, that the legal standird of the realm Was of great political unpin. anceto the interests of'the coontry ; that cOutd not he denied. No doubt-U . ll , rd - wire in our history When many of nor Sovereigns had iMitated the concinct of arbitrarY TVltinureiis ; and' to.suppoit ioreign . wars," had nellitted the value of 'the coin of the realm ; and Parliament very -wisely it expedient to urge them to restore it to its lawful %eine, and it WaiStilekared shortly aftcrWards.— The last operation of that kind was ir‘•the rrigit of Que.etti Ehzatieth ; 'since then a standard bad' been made, both with respect to the finerteBs as tjlt as weight of the metal, vhiclt stawkirli rein tired en altered. All the Statutes upon the sribject iittualahly provide, i that no legal tenoer ici ty.l) 'tient shad be made except in the current coin with reference to the siandard; and by the 14-ih of the King no tender above 2.51. shall be good, unless reference to the segaid ant as fixed at the Mint.,httli be made : that wets the law upon the subjeet, fiotov.ly to be tound,in the Sta tute 'lCiok, but iii the • varioros Proelamatio64, and in the Rolls of P.nitameitt. It had been, the policy etio.' shinty and su,c-soully urged. in the Jam rids cif tilt 1 - tor se in:1718, the 4tlt of Georgei. waSa 41eSo-• lotion to tin, vile t, " That the House .would not alter the Standard of the Rcador, az to weight, fineue , s, or denominition, to repect :gold hod siltereum." Tins Resolution , was sent tit the'Lards,, and that House concurred with rheeti. But it r had trees s,tid elseSt here, that thore were 'no such thing arai.dard, that •it was nrikrto .vo to , the . hrtiv. At One ton • it was denied Britt it was departing ken) the ti , age at the land to issue bank notes.; but nay , ing been driven troi i that poSttluti; the fidv o , d iet in lAroor of restrattion•eontended for the doctrine of s , ,aritiard; aid tf Was uoriota, to tee of what desei ill Win I. 41:!rti tirllo Cotiletlded iii ztlt>iur'L 'of itii. &Orme, founded, .16 ii was, in error. fir ,se were not vt ionary . theorsth, but practical n, st e m as tiverehants, bankers, and men having fief t official Situations, ad eOIIC .rring in opiiiiou, t.iat titers was no such thing as manuard. Tile first of those . GentleMen to'whasts.'Cipinieos•he coull Vert, , Wll4 a man 'eminent tor nitents...". - 4 1 , 11 Th o u n: l . cation which lie had sent forth, ve Wmi puzzle to find oat what was meant by•standard as last it oc culted to him what it was, and he hit upon this i— ".that• tins must be kurid to Make it ; thin the in terest. of 331. 6. 83. 3 per cents. wing li. and that . interetlf,ilt eOutie,'pai,t ail it batik note, tt 'was money of aceduot." , This speculative standard was followed by another still Mere rematkable, emanating not horn a theorist', but a practical man ; 'and this Gen tleman html Called in,. to 'aid in his landfill work, all the ingenuity and inetaphj'ittal ressoning he could touger, to etynvince the public, that it batik note iy abstratt currency,. Another author broached a trine /hill More tibaetilshle Oa lie 800,114 " stand.. ard it neither gold nor sqvir, taut sOnktill.hg ,et tip rrt tiie imagination to he regulated by- public opi nion," Front these ahirtraet and cur niui opinlhns, Mr. It would appeal to the. law Of the Country ; aim-: lie htived he bhnuld hear &on, some of the Hun. Ge!, linen ogasne, *llO were taking , netes . , till theotka cltstlfainted ; that they would hot adiert to any standard btu -that recogt.lsed 14 the These theorists' 'gave tats important admission of the tact, lila departuie 'had t4liett plitee from the standard Valde. 'before Ite•leff that part of the sub- jet t, he would refer to the third Resolutien of his Right Hoo. Friend, lireinisitig, that his (Mr. 11,) Resolutions staled, " th:it' the aetuat value of a ti. note is letts'thatt the tiOnnoal :valite." in answer to that prnpositiO , „ tor it Mti,t he taken as an answer; his Right Hon. Friend had said, " That Batik notes were held ton , ' equivalent CO tht legal coin of the realm, in all rcotuary traniitetiOns to . .which 'finch cein rs legally applicable." in the Amendinents Made to these - Resolution's, it Ws stated, , "'That promissory notes of the Bank of England were held in vitae •and generally 4 ccepted." the resolutims thus prop6seu, his Right Hon. Friend had not denied 'the statement set forth by him, natively, that the Valtie of a orie-pound HON •is less tfitin it 'ought to be. he tv'as prepared wholly to deny the asioulioh of int Right Hon. Friend, • that the Bank ritutiiiiere held'in public estimation ; for he must contend, that public estimation was Otte another way ; and, were it not for a notion bf Whieti•most people had ,got, there would , he „fOnnd in every market in the cot:nary, in every shop at most, a distinct eireulating Medium • between the Bank of England note and tipxie. It vats the' gene. tal opinion that the King' - coin had totally disap peared, and there wai ;Money but that of" the Batik. With respect to tire word coin, what Was it Did it make any difference , in the 'standird Tim coin , was the King's tab to his subjects that their prOperty should be proteeted: that it should be of that fineness and weight necessary to give to all in their dealings an eqoaLpanicipation of justice...—. To say, then, that li.tnk notes were held in public estimation, WWI 10 efiadz: alliiilether the in gument „, Thu question ma i one. whotily of fact. WdS the. Bank olEngland 00•0 worth what it purpor ed tribe worth ?. It certainly ,was not; as lie would thew presently.' It - bad been asserted by .an Heel. Gels- tiernan opposite, that a light.g9joeir would pass :tor mote than its real value,. When a guinea .wortia. 111010 than it former)* with sze, to what it wotild tend. Suppose, for instance, a person way irtdelated to anothur 261. and he was called upon 10 discharge that 40t, which ought to be done. in • the hiwful Cain Vt die ruoitp„ be must git his efeditor,: it in silver, at the rate. of, s . 'bid, per, oz. lOW °notes, but, suppose he shouN f,),01. in Hoes, they would, in coniegt:otiod of their depteCistloo, only pun:hams outer:,t nit 3 two-thirds. bo tar then 41W Willi 11 , 1 . 11 CD ii etyrnaiseenerarcww debtor ni tele dik-feleie a cITaYr 01161. irliitQA->a • ' per, W4)iCll if Conve,ft.'d tottO. 4,04 would 0 y pro duce eti ounces ; whereas brtln, 11 awful st. :lard of the realer,'realer,'l he: , ceedistar ifi- *ntitied-to reeeeiiie 100 outrees, the flank note of 11, being worth something less than 16s. If this was eo, then it would become sareceeseey-tueasketeho•are 40-hlante, -aed-eelteee -4h .. reutedrfer the e• 4 was to be found ?. Ie that re spea it was onleent eessary for the. House to instie tote an inquiry, and trohrthe evidence addircerle tlie remedy might iteepreeidede e Ttee':htest important cooSaleratieneto a.civilieed nation was the standarl eel efe of Cleite. Alt •-,Civiliied etatiAreiv‘ e.:iiiiiclii.ed , :a measure , of valneaterssential to , the .intereet , ef the Strfle. ,Ff our ineesure of 'Value was 'deteriorated . or Bost; thee it became the Legislerure to- provide a remedy. What was the consequeeee of this &lee . rioratiOn )It •was thee-arise •of htfieite Toes, to crede. tors-e-had- _a. great effeet: Open enenieti incomes--- gape en :undue advantage to .debtora, and attetted Materially persons•holding *ethers in voately, wlecie property of that description gives —the Ile% enue was injured, and taxes ceased to be productive; for the , money paid iuto tire King's Exchequer would not do thaewhiele it .was calculated to do. in proeid. lug the remedy, the first quest en - Leo-be consKiered was, the catees , of the evil; that . was to be gathered from the eVidence - takenJeetore the Committeeeend the causes We're - ATitiCiiite to two : One .of the causes was, that the. Bank notes had departed frem their valne, of ,geld,laecatese gold heti . teem lu.talee.- ''Elie ether teeete was, that the riti e t o f gold wi's taut- Sequent upon the unfavourable mate of the •Ex ehaeges: The -titst argument to be 'emitted upon the scarcity ofpld was this, that in some •countries ou the Continent, silver was ieveemtudity; every country hart its cemmodity. 'ln Africa, leather and salt, particularly the latter, were esteemed in ex change tier the reduce of 1 . 1)31 soil. . In a c oun t r y where silver is, as it wer e , the comtnediey e ethe price dees net very, but i s stationary. For i nter ice, it this country chose gold as the tritirSoiC of .value, the , Iftq7.l of , c.ireity w told not be to make it dearer, but other' corienode ies el;eaper. It W,s in evidence before the Coin:no-tee that the price of wain - lard gold weever. veried mote than in - telee-erardereed, -- when there wits a great scarcity ot graib, and wizen it was I sent ebread for the eurpo,e of ' purchasing that ar ticle for the supply of ties country. Its the first of the mouths of i 797„ in censequence of the alarm which iiisitid, touch of the gold wets ' drawn (rota circulation externaky, but the price of the stendaid had te 1 r nsed one penny on that account. Govern ie. ni senteePertneal for some gold manutatltired there, to provide for the, deficiency, and they pore. chase) serail quantity, at 4l. Bs. perretece ; but there. had not been a ris e frbm 1718 down to the 'prvsent lirrw .of more at at y time than : of 6d, per ounce. In adJition to whicii, it did appesr, that' !here w'9 no such rise on the Continent as would warrant the rise here. The Mint of both cou nt ri es (mined • the relative value; and in all countries where silver is the commodity, .gold would . appear to rise. 'fine "Let. Gentleman then referred to the price current of Paris down to the loth of April, to she iv that the price of English gold there was not more than 31 : 193. lid. tier ounce ; bet at Amster dam gold fetched t.egtikhlers and a traOion, w h il e a Bank note Of the same value only produced seven guilders.: , Pieviorts to the year I 797, as might be 'Seen from 1116 AiptirdiX to the Bullion Repots, the importation of wheat (which he -must contend had a great . etrea - Uponthe course of exchange) , was V:r f rioes. Proof . 177 t 'to 17'i5, tithing the average of •if :years, it was at 465. per quarter;, then telting the average of 12 yeaf ; 4, from 170610,170, it Wait tit eis, no inervase of tie per quarter ; feet lens log out the two years of dearth, resetely-179barel 176, the average would be 47k; 3id; n deference or is. Id; in the kW tutu )I::irq . Since . 1797 the price of . ~ . e , wheat eves in a very different s),paiv, fOr the twerege to this lime was 795.; but leaving nett the twoyears of icocity,, it was tit 7i e. uriking the ditferettee of from 465. to 7is.: Tee .. rise of gold thelefere was to be averibed -to Ihe ,excesa of exports, ti e d not to the cxelenige; beipi againd us. It collate ly required explanation why this depreseott (Oil exampled in the hi:eery of the country except 'When the currency et the realm was &bawd) tied arisen, In, the reign of William ; 'and in the seven years war, the exchunee fell 'fie percent. end guineas rose to 40s. but since those per ii therehadetOt, it was clear, been any iestance whatever upon, record. Adverting to the importatiori of graie in the last year, he allowed thin it was most ,enormous ; and that important as was the cuitsidration of the ques tion before the Committee, the causes of that Vast impertatioti demanded a still )note' serious ineesti gation. - To find that in a year, which Was tee one ' of 'dearth, above . twu'enillione of quarters of grain had bon imported, was certainly a fit subject tor Parliamentary inquiry. NOthing could mere eflec. wally show tfite.depretiation ol therelative value ol Our cuirrerecy, than the feet, that although by the Alteration made in the Corn Laws its 17g3, the price of 34 shilleies t eias'fixed as that under _which en grain 410, 11 be esprit tet4 it be , :ame neoessary, in 1804, to raise that protetting price to sixty-six shilling, ; and so rapid bad be. .n 'theeedepreelation of Money, thaf, it it were intended to carry on the system of thotettiott, it would be now Deers snry to tense the piece to: above 70 shillings. The Whole eat:Slime ,Is far as the balance of trade: 'h ils eeteeteeted, -rested on • the reel . atone, of our t fade.— What that was it .was 'd dicult to discover. Ile Wits disposed to trust those Who irld the:: ineins of . . id onormatiee" in their handl, and .who declared that the troliiriee,.• rrirri the foreign expenditure were against this country. And yet - ii the Committee looked at the accounts on the table; they Would see that tire balattee of 'o4;artS over irryorli Witi illiMi gredtcrthattliftitierly, particularly doting the last two years, - .The ...o& tat - Valle or the in 1 lltl rtlr'l3l 181 1 was 3 3,100;0001i of the, exports 4,5,800,0001.; le tying an excess uf 1 2,700,0001. The details or this excess .were still )pure ettisfa . olory. The ex , itorts et . cottou manufacieres during the last two years, %Reit nearly clouble what they bad been - ni the Iwo - years precutting. How .these statement, could be secoociied with the present declarations, he was yet to knew; it might mthied by explained by ghee/lee that the military expenditure made, tee dif ference, but at present it was wholly unexplained. it •was tow imenated that the haletice °ramie bad i beet) so entaveurable to this country; as to rehder e the expertation of -Bullion absolutely neces,ary.-.- • it might be . rocolietled * (hitt iu .411v8 and ieug, , x nom lAI _, :.iattrab,liesitlcleeiet, tatlri e)'';el,4l Y°. w, as . Jeff lETilfarelifeti 'or C. Iliklit Hon. Gentletban oppoiite, be tOr, Horner) exprt•saed his doubts with respell to tie re's of* tine d'• it . In the last Session, during tie bilis. .:iiiiiii• in i lie Lord Commksionets' Srech, 1 1 ,4 Riglit iffan. Gel! i..,,' cnyositC cunteadcd, that although Ile. f cir,i4 a•Ere:;t foreign expenditure, yet Oar die izoi 'etitPio is :Wai ffo-.ceitmtlerab!e, to leave Ott* lane' l verY'''inueli in our . taiour. Ilinv:wiro liPlf°' concilable with the pre4eilt argument" ,Bot if these' two statements - amid be nicui:cileil, he CO'' tended that they Avoulij . not she,W.the true catiw ~f l t i i ii " :l P d r e7r ell b l e s e l t a i 1 ' e t the iiiii,wi'neiotlitirie:lfivYilitt 1 1 i xi 'e lt dp p u riu ' l Yt: ' l a l: welt as rheoreticalmiert, that the Ivgiiillime ileynn• i 3 t W w " as °f f t u lie ntl l-e tl a i l .tt v% tl e ic ha d n' e lr pence of the trainfinission of •speciv ; :10 Oa t w i ` rg such depression must necessarily' exisi iii 4olileila ?oOstatiiie ccinnected with the curency ef 0 Was linikd by the ex , ottlitry:'—'••There were t,,1::::shiyai":::::::"1:31tiii:11: Silo domestic currency was stiv'L.eptiblp .4s'" tiler, to' which metallic curiencialOne %Ili oPbk ol . ii-ntt'etteess Which 'mote priietilarry• li,eluittt.tb Viper. The returns from the lint which oeft! ' 0 " sorted iu the Bullion fleprt, liff.irJedinil anst* ton on 1.115 point. Ii ‘coulil there he toanvl ii,t. Isom 1758 to , tins, dttriiig die deivvviient i i . the cow df thes coon*, a ' der eciatioa of i t b ' l ' t Place. As to en •eiceess of'nielallie Cerr'''Y'' '' could ~not tali‘e plit..e only in cninitrili p05,041,,i mitreiis and thee wiry t, ii St11:111 ovelit,. awl 1: 1 L a short period. Thufi It would be found, !Ili; Spahr, silver, and in Porrogd, gold,' v , ';f 3 t l 4 lower' after the importiltiOn train the wino , le, • the .sapdrufiandancit wait tainsniithd tcrotiieretr'7. Ines. 'flie evil -reniedied itself.- fiu(in cotolhc: i n w it ic h paper .w.t+s- +let etHi•Yettlik'tntarlPel'ol cess admitted of tio remody:;.' aud if li'll•b„'11,0 1 were k..% allow Inn", egitilly linlefinile ' 3 "° ,, ri r . ot) ,ll l . effect on Foreign Extliiinges. Coloi detjy . 4 - ,r ' inl illy had been thrown upon thiisubjeJi 4 1 1 ) . it t• st,noments• lie wee %vial hililvit tu '', (l ‘ l , lll 'f , ,-,i•hy if, on examination, a single iininance oillu' - ', 1 : 3 1 additced, in wind) the ch.ungc• 11l cut I'Lit ß l ) i l iv ,;l, not bee'n conirunnicated to the For4n " to itie , principles for whidl he cootelide), ' . l ; i i be the ground. • Btu then oil the circatestoeefr: ce r. ditferent c.ises must be develcipi.id. for lo r • I '" i l b .:,, i r aPPear'ed that the exchange with Pol'teg' t IL it 1 0 0 was at par. • (.).) explanation, 1)0 i ii ;10 04 stated by persons actin:tinted' with the,tai,•u,t, ii,,,,,,, the law of that country', brill the jei ) t' to f 0 . paid in a paper. which Was at a itilo urj oAii tier .. cent. ' Instead, 'llierctore, of 1 11 °.. e 3 ' ; 1 ,0, it wail thirteen per cent in favour of the 44 0 SO . With Sweden the state of our .I“cbay;,ol.. , a +. . we had an thing like R settled course dies e.' ,•e, i ,cl, , Pi , . iIU the same alteration lad taken plaCe ill if)'' li e sfiii t al c ' o ° ti t :tr i e: e (liirt aulull'ctoi9ailitrtild'ii*wci::::;:, , ''ve sit e: - '' Haitiburgh„ and Aingterd33' , ,d;int pt;tteetly apprised of 'the cireiunstsl' • 00 J . 0 1 in . I Vl:ty tsug, the course Of ey.chang6 "' 0; i! wo : count of near 1.1 per rent. and ttist at P+L':!' ni , vil ur, , bills abottt 10. In the' Wrest Indio', lb° l' el e . o l. o '" bulls, *bleb hied to be from 15 to l•!° r : i rruli.'' t dra t.-vn on (Ilk epuntry Al " cul ' vi t;t r e e ' llit - A riseriba ; bot lie undetistot 0 fir now u, 1y five. Ho ~vas 'availed that P mi. j• ; :iiii ' etrea had Liken place' in tlx ELS( Incilew,sio, exchange of i'4 per cente•agaiost al. 1)1 tv i-ii : e' .mittee consi ler the stare et e1. c . 1 ,,' 8 ' 14 ,,,eti1 , 1 figinnurgli and if i ii c)rn iati o f the voil. .. i oriii Moons the I,ar \kith Iftintinrall , 0 19 I"l9tgo,it'so t h e exvh , t , go al pieSelll 000 guilder!, ! LL .itt , 01 t° this ,uttr:butable ? 'Io. the depreciated ( , 1 : 1 1 soe jea papeo in Vienna. The paper ,curreocY die cial i was 'also depreciated, • and what vi.o,,:ii o,iar q.wilte ? , That idtholigh the ILi t c 1, 3 01', 4 ''3 ! Litli*gil - Was 48 'stiiers, the prese" t ex , • Or l' 4 ' '' ) .- AP 6 I. lit Copeoliagat also, in wl , ic" or vl i . ' 4 - a's ileprc. kited, and 'lli wilick ll''' ~e t i li tly tlitilliitirgh was 125 11N. dollars, • t f ul , : , I' 4 ' , in o lid C,lol';`.: wit# from 75u to BOO! ~I,.P3rdiviareeiiinri xepuec9l,iiiiiir',,abitsliG,h,egar.ec4,,tv 0181ritain. and pOrtogl t jeutte, •a tileiallic cur' envy, 3 11 ° 41 " - ,,, s , ' it ilPP i ' l 4. .. ‘. . the par with li:ntwurgh belin; I ti 4 livioo, 4111.,4 eel, .by the'last return, t hin th e cxeiwi'b 1 4 0 0 , 1 1, 7 four in that number in fivour of Pd: 6. .„,1 0 it 0 . s ibi f .. 6 bets, t'' ''' •Oa °s----e, 0;:er hearilig aii lilt-, , ;c ,, ; oitill I.' m'orence, ihat•ii-niaiti Crew die Pr',,,," c orrei lc L . fl ut y ' ,oruriererXinegll4olotgicC: Wit:lost:1)10o sill': ( r ) , l ll ,:'i iiii 11 , 70 ; 3 :71 : ,til 411 L, it woula appear, that in i'liY:', ) „ iv ifii ii , exchange . With Fr a ~c,• 01 trot ste ,(11, It 1 21 t !P 9, 10 . 4, awl illonhitely to i'‘lttill.'::l,f b il Ai , lirlelid • l that I - • ~.,, to Joy iu:',b.. 1: 0 0,, . At, t lis INAS OWit h t franca., A 0 tile - e l , . iortrions paper cuireney Li t b,re iN . 4) . slien 00 1 period, Seventy year , b , i l Oi , ° , ' ; its - it'de I:i(ci.:shive is,ue ol pap,r ill Frlinco,• 4 . 1 0,1 ', : jo{o • m13E11068 ilk OA 10 Wi,icii ite , im d i t ",.4 0, ,..11 ~' 001" - • NV "gnalSl tut an iiitie, for 1 4t% P" r r, , it ip the 'o il 4 ; v.'," and Viiioadry sclienic---lie Itliiaio all 1,00 1, "94)1)1 year rile CY.Ctiallge of P:',ll;,:elito,,Jiy 01;1 full from tttl to; 22, to 15) la IQ' and i iO4 4 - 4 4141 01 0 i v , v , 1 4 1_ 8 e: 1 1 g s , a ' , i n i i ti vi e i ,1 .. A 1 ;1' 2 os, siitiiiii:P}l;!,ll):63'ort" eft ~l a I, r e d g:,10,,1 :, I . ourw bar - - high ,tl ;1 $ (hi , IA: , s oil i ,-, ruse tfS as ..• • • to ,, L oot ot , wa:, owing to nothiog ei , e lA° id ; Aiii'so 4 0 °I . tile clietilation in Leirndon: ire 001otitiefilvo l ehdcd to prate the eceur:ics' °t i t A l ii`er''' l „l l ao which the Bullion t.;oititittowl '''.fitities;,..eiviei. 3 in6re direct evidence tirrnAricled ?1 ,, ii,i , r );iii ,01 , 0 1"1*1-inoney ? .kle WoidlilPHO'' ' j i l , yiJ) ll ', 4j ',,,:*, •,..4_ • tilt t illoment : Dining the ret''"', J „, t A s.t) 4 ' 7'4 l ' l ' l; o'r Lite exceis iniglit .be of:0501;d' iii ,,,,:c"'' 11 , 1 ,$ by the .13•iiik tutiining.' snore- p - tti , r : .. Ti i e.,' dt ~ iti 661.0 ed in the tge.p erg viteoloi`Jo',o;id , 1 .1 - tr, t 0 giv,in amount b e i t ,& a lready 'Ol t, i ~,tfii-i". ,„4 .. re 1 111;1 . I),,f3'''' tilde -rendering' that eunottt)l I ' l ' 1 ,.. ii,ini‘ ‘,' ~„ly iie t.Pe-, general err,:uiarloo, bY % t . f i l; ii mi 1 ", , .,,,a 0/ Worn withdraw ing s ~,orb ,• cv itivO c i ° 0 ,1, ti t 1160. On an exiiiiiination ot letf c,0„,,,a1 ,t,t the' it Ihort .„, o n • ~ tite: Bank Ditvoior6 to i ,ir, tile .r,. ., , . , ,.K ., :ri . , , , ,i .. i.,i c,),•: t v. l ; , -- , ..r.: 11. EL.lnritpall,e,;riirtittv,fia:lu'llidit toiertt6ol eifi1ti:,t11,:;(t...1„,.:41,.,,,/,.1.1),43,::.4: 4:tsi, 7t4 that - the . Dant ittcrewrivi, r , 110_1 4•,,lL''' suingramaddittruird rptintity of f,,.1.,, il „ coP: o ft pariiculaily to call 10 stiv°,tt°,llll;ad' tiote'l.l' 04 to the ifiCretiSe' 01 ii3iik rat 'l4lt;orrollt,,C. lapri' invest igailoo hy lie fitillit,n ) ~1, 0 , ,,.„1 1:C •ifl ~croe,ivicrejo.9arigisoet,ittovn.tilii:lCLisosliii.tiril:uye..,tietieairttlaoliciin,;.:lbor' iiiiftc.,6:Lt9yo,ll;l9:o7lLtoio.,:itlio)::,ftle:: 44d avticsge:cloort• to-the' te 11 ,; _.. .00.ifie to : .i; 01: _.. I ,200,0001. By tho ductribt-no:c% po ici la ' peareck that the averageot: the . 1 . ) , ''''-'O.