The Sun. — London, England, 1832-07-16 00:00:00

rr - Fa! SPIRfT OF THE PUBLIC JOURNALS. Rumours are again in active circulation—we hope unfounded ones—of an intention to bring, the inquiry before the Bank Committee to a pre mature close ; and great complaints are made of a preference supposed to be given by the Com• mittee, to evidence from London agents, bank ers, bill-brokers, and other instruments of the existing system—all interested in the mainte nance of things as they are—to that offered by witnesses from the country, of the injuries in flicted on our trade by the past management of the Directors, and of , the evils anticipated from the renewal of their exclusive, and hitherto abused, privileges. Of the three questions be fore the Committee—the embarrassed condition of the concern in Threadneedle-street—its con nection with the present and future state of our currency—and the terms on which a renewal of the charter should take place—the last is the least pressing, and by far the least important. It is material, with a view to the proper settle rnent of these questions, that the consideration of each shall be kept distinct and separate. A Bank is only required as an instrument for the performance of certain functions, and Ole construction of the machine should combine the principles of simplicity and economy with that of the most complete efficiency. The Bank Proprietor seeks, of course, to attach an exaggerated importance to the present esta blishment, by its connection with the currency, and to create an impression that his interests are identified with those of the public in all the questions before the Committee, that he may have the better chance of renewing the lease of his present bonuses and dividends. We, on the contrary, are of opinion, that those interests are directly in opposition—that every shilling paid beyond a reasonable profit on a moderate capital is an unjustifiable tax on the people ; and, from our experience of the injurious conse quences of a near connection between the Go vernment and the Directors, that the greatest object to be attained in a new arrangement is to provide for a complete separation between these parties, and their independence of each other. Laying aside the considerations of the present state of ° the Bank and the Currency, we wish to be informed why a capital of fourteen or fifteen millions is necessary for a National Bank, or why the public should be taxed to continue a dividend on a fictitious amount of stock to that extent ? We suppose it will not be disputed, that the Bank having lent the whole of their capital on a permanent loan to Govern ment, and so placed it beyond their con troul, have been exactly, during the term of the last Charter, in the situation of holders of three per cent. stock—their capital, so tied up, having been of no possible use in their banking operations. If this nominal capital is not required for banking business, why, in form ing a new establishment, should it be kept up ? Let the debt due by the public be funded and divided amongst the proprietors, and the amount of the future capital be regulated strictly by the probable wants of such a concern. Their buildings may be worth a million—add four millions more—and in the bargain to be struck for tl.e future management of the public business, let the arrangement be made on terms to provide a reasonable profit on a capital of five millions. If any persons are still to be found who maintain that a large capital lent to the public is a security for the transactions of the bank, we suggest pub licity to their consideration, as a preferable sub stitute in this respect. A bank constituted with a disposable capital, to the amount of five millions, must be a much more efficient instru ment for ail the purposes of commerce and of the State, than a bank with a nominal capital of fifteen millions locked up, and which can not be used. But the still greater object than economy in reducing the amount on which a profit is to be paid, is the entire separation between the hank and the Govern. ment. The amount of capital determined, the exclusive privileges to be made the subject of ar rangement, are the banking business of the State and the issue of paper in the metropolis and the neighbourhood during the pleasure of Parlia merit. No man dreams of renewing the restric tion against the formation of other banks with more than a certain number of partners, except, indeed, the proprietors of Bank Stock and the London Bankers, who alone have an interest in this absurd regulation. Nothing can be so sim ple as the reconstruction of a national Bank upon these principles, if this question is kept se parate from the others, which are not ne cessarily connected with such an arrangement, but are of infinitely greater difficulty. We have never seen our way so clearly out of the dilemma in which the mismanagement of the late Government and the Directors has placed the affairs of the present establishment. Their concerns are no secret, and the sooner a distinct statement of them is laid before the public the nearer we shall approach to some reasonable scheme of liquidation. Sir Robert Peel is na turally anxious to press upon Ministers the re sponsibility of carrying on the present concern with its engagements and embarrassments, still keeping tip the wretched system of mystery and secrecy which have enabled the Directors and the Minister of the day, by tricks in loans and repayments, in issues and withdrawals of paper, to make and mar, almost annually, the for tunes of the gambling speculators of the times, and to inflict irretrievable ruin upon a large proportion of the honest traders of the country. This may suit the purposes of those who are accountable for past transactions. But can Lord Althorp be blind to the consequences of assuming a responsibility, no part of which now attaches to him, or of undertaking to per severe in a system upon principles which he knows to be vicious, and which, upon the first panic arising from internal or external causes, must bring this old house about his ears ? Is it proposed in future to publish the accounts an nually, and in a comprehensive and detailed shape, like those of the Bank of France, or to adhere to the present rule of secrecy ? A re formed house of Commons will scarcely brook the latter, and what must be the reforms and the preparations necessary to enable the Directors to make a tolerably decent appearance before the public in the. former case ? These are points which the present Ministers must deeply con sider before they venture upon either course. Let them compare the plain unvarnished tale of Mr. Harmer before the Committee, with the arrogant pretensions of the Directors to high credit for their management—let them con trast the actual means of the Bank for the payment of its engagements since the date of the last renewal of the Charter—they will find that it has only been in a solvent condition when the public has been exposed to the deepest distress by the sudden contraction of its enor mous advances on inconvertible securities, and that at all other times, up to the present moment, it has escaped the fate of less fortunate in the same condition, by tke credulity or blind confidence of its creditors. Publicity • , I applied in time would have corrected all this. I Publicity without liquidation may be now dan- 1 I.zerous—but publicity and a reformation of the principles on which the Bank should be re-con structed and its affairs conducted, is the only safe course for statesmen, who are unfortunately obliged to deal with this complicated concern in the state in which it has been left to them by their predecessors. The liquidation may be conducted in such a manner as to produce very gradually a reduction of the engagements of the establishment. Any sudden contraction would add to the distress which the public have already suffered by the operations since 1825, rendered necessary for the counteraction of those of the three preceding years ! Inconvertible securities to some exten tshould be gradually disposed of—the mortgages transferred to individual capitalists, who have now difficulty in finding investments of that description—the new capital paid in on a transference of the dead weight to the subscribers, and other measures of that de scription, considered with a view to the selec tion of them, which will bear with the least and most gradual pressure on the currency. We know it will be said that the currency will bear no further contraction, and we are fully sensible of the reduction which has taken place in prices, and the ruin and embarrassment which have been caused to trade and industry, • by the infamous system which has so long prevailed, aided by the secrecy under which the operations of the Bank have been conducted. But we repeat, that matters relating to currency and the Bank should be kept distinct. The standard has been raised by the wisdom of the Legislature forty per cent., after having been depreciated to that extent. That was an operation which men were found hardy enough at the time to undertake, and the , country, in a paroxysm of honesty, consented to submit to it. Whether the value of our currency is enhanced or depreciated is, or rather ought to be, no affair of the Bank. Their agency is required by the public merely to issue notes on the principle on which any private banker would issue them, on such convertible se curities as would enable them to exchange the notes for coin, and to pay all other claims upon them on demand. To the extent to which any other • cautious and experienced banker would be justified in investing his deposits in Government securities, or his capital in loans, the Bank of England, under a good and prudent management, would be justi fied in doing the same. But what banker would not have been called insane, who, having parted with all his capital, invested not only all his deposits, but a large portion of the money he had raised by issues of paper, in mortgages, and inconvertible annuities for forty-five years. This has been the conduct of the sapient Di rectors of the Bank, encouraged by the secrecy observed, and which must now expose the pub lic to inconvenience from the necessary although we hope gradual withdrawal of part of its over issues, by the conversion of securities into money on a liquidation. If this operation be not ne cessary, we hope the Committee, in their Re port, will tell us how they intend to provide for the solvency of the establishment. It is less in solvent (and we beg to be understood, by the term insolvency, inability to convert fictitious assets into money on an emergency) than it was on the accession of the present Ministers, and greatly less so than in 1825 ; but still we be lieve the stock of money is only between four and five millions, and of bills of exchange, the otherle gitimate foundation of issues, about three mil lions; while the notes range from sixteen to eighteen millions, and the deposits and other debts from ten to twelve. How long could the , Directors have kept their doors open, if the Duke of Wellington had succeeded in his at tempt upon the Government in May ? How long would they be able to do so after a shot was fired as the commencement of an European war ? Their mortgages, dead weight, and Ex chequer bills, in a panic, would be worth about as much as the paper they are written upon, and they would not improve in value on an inter ruption of peace. We beg again,_ therefore, that the Committee may report how they intend to place the present concern, if it is to be continued in an intelligible and satisfactory state of se curity, and how it is to be so placed without a further contraction of the circulation, the cur rency remaining on the basis on which it was fixed by Sir Robert Peel's Bill in 1819. These questions are the Scylla and Carybdis, between which the concern has been left to the pilotage of the present Administration, and the Com mittee has been called into Council to ad vise the proper course. Sir Robert cared little whether his successors were driven into the whirlpool or upon the rock : but we take some little credit to ourselves for nailing him to his post as one of the crew, and we recommend the solution of the difficulty to especial attention, as one in which his character and pretensions as a Statesman are peculiarly interested. We can not add to this long article some observations which it was our intention to make on the state of the currency, and of the views of the contend ing parties for the maintenance and alteration of the existing system. We shall resume the sub ject on a future occasion ; but whether, as we hope, the currency can be maintained on its pre sent footing—whether the legiolature may, in their wisdom, again alter it—or even whether 1 they may be driven to an alteration by the mis management of the Directors and embarrassments of the Bank—nothing can be more inexpedient or impolitic than to mix up these inure important considerations with that of the renewal of the Bank Charter to the present proprietors, or the establishment of a new Bank to supersede the present one, if the proprietors shall throw any impediments in the way of a reasonable settle ment. No duties should be imposed upon or entrusted to the Directors of a Government Bank beyond the management of the de tails of their own business. As issuers of notes they should be placed precisely in the same situation with all other issuers of notes in the kingdom, with the sole difference of account ing to the public for any additional pro fit they may derive from the monopoly which, it is generally agreed, should be given to them, of the issue of paper in the metropolis and the neighbourhood. The laws to regulate the issues of paper as a substitute for coin should be equally applicable to the private bankers in Eng land, Ireland, and Scotland, to chartered banks in each country, and to the Bank of England. What the provisions of these laws ought to be, we may hereafter discuss ; but let all things be settled by the law, and may Providence—for we have no great reliance on the wisdom of our Legislators in such matters—defend us in fu ture from having the value of our property and tile amount of our debts increased or diminished by a fluctuating standard, regulated according to the discretion of a Chancellor of the Exchequer or a Governor of the Bank. It was once ob ,erved, that the joint discretion of Nicholas Vansittart and .John Pearse, in the issue of pa per, wag the only standard of value known for many years in England. These times, we trust, cannot return ; and as a first symptom of amend ment, we shall hail a settlement of the Bank question separate from the others, on principles of common sense and publicity, and divested of all the complication in which interested parties endeavour to involve it.—Morning Chronicle. UNIVERSITY OF LONDON. A distribution of prizes in the classes of lan guages and science took place at the London Uni versity on Saturday. The Bishop of CIIICHESTER presided. Mr. MALDEN (Greek Professor) read a report of the state of the institution, which noticed the diffi culties arising from the retirement of the late pro fessors, and stated that their successors had laboured diligently in their respective departments to promote the objects of the university, and trusted in the ensuing Session to see the successful results of their exertions. At present, the number of pupils in the school was 139. Prizes of handsomely bound books were then dis tributed by the Right Rev. Prelate to several of the pupils. The Bishop of CIIICIIF,STER (at the close of the proceedings), thought it right to advert to a pre judice which had pretty generally prevailed against the institution on its first establishment, and which, perhaps, was not wholly extinct;—he meant the unfavourable feeling which arose from an erroneous supposition that there existed in the institution something which, if not absolutely hostile, was at least indifferent to religion. It might easily be shewn that there were no grounds for the suspicion. The object of the establishment was to provide a good and cheap education for those who dissented from the Established Church—persons who were generally unable to obtain education in the public schools or universities, especially in the latter, where a rest was required to which they might feel a con scientious repugnance to subscribe. True it was, that if those who established this institution, while differing from the Church, had agreed among them selves in doctrine and discipline, they might easily hive prescribed a course of religious instruction for the pupils; but such was not the case : and differing as they did upon the points referred to, who was to prescribe a system of religious education which should unite in its favour the suffrages of all ? The in stitutio►► offered (most properly, as he thought) a comprehensive and cheap education to all classes of religionists separated from the Established Church— Dissenters, Catholics, or Jews ; and if there were any other class of religionists in this country, it would be well that they should be able to avail themselves of the advantage of literary and scientific instruction in a place where their religious opinions would not be compromised by attendance upon a course of religious education of which they could not approve. It NI as unnecessary to dwell at length upon the impossibility of adopting any particular form of religious instruction in an institution circum stanced like the London University. The Right Rev. Prelate then referred to what might be done towards the promotion of moral and religious principles, with out touching doctrinal matters, by the study of the Greek and Hebrew Scriptures, which were text books in the respective languages, and by a consideration of the evidences of revealed re ligion, upon which all Christians were agreed. He should read an extract from a letter of one of the l rJfessors (Mr. Malden) which would show the sentiments entertained in the University on the sub ject of religious education. Education is of two kinds : intellectual education, and moral and religious edu cation. The latter is absolutely necessary for all men, and the education of the lower orders must consist almost entirely of rigious and moral instruc tion. But in the education of the higher classes the intellectual education bears a very large propor tion (in the time and labour bestowed upon it) to the religious and moral ; and the two are capable of being conducted separately. Now, what we propose is, to furnish an intellectual education. This province is all that we undertake. So far from undervaluing, or being in any way hostile to, religious or moral instruction, we are fully sensible of its paramount importance, or rather its absolute necessity : but we leave it to other hands. It is gratifying to find that an improvement had taken place in the government of the institution, which was now placed under an extremly effective control. COURT CIRCULAR. The Duke and Duchess of CUMBERLAND entertained the Duke and Duchess of GLOUCESTER and a select party at dinner, on Saturday, at their residence at Kew. The Duke and Duchess of GLOUCESTER took an airing yesterday afternoon, in a chariot and four, and visited the Duke and Duchess of NORTHUMBERLAND, at Sion House. The whole of the collection at the doors of Gloucester Cathedra', at the ensuing Music Meeting, held under the patronage of the KING, are to be applied to the support of the Widows and Orphans of poor Clergymen of the Dio ceses of Worcester, Hereford, and Gloucester, who are prin cipally supported by the collections at the meetings of the three Choirs. The expenses of the meetings are borne by the Stewards. The Swedish and United States Charge d'Affaires tran sacted business on Saturday at the Office of the Secretary of State for Foreign Affairs. Viscount PA LME ASTON and Lord HILL visited Earl GREY on Saturday at the Treasury. Viscount Aurtionr gave a grand dinner on Saturday to a party of Members of the House of Commons, at his resi dence in Downing-street. Among the party were Lord WATEB.PARK, Hon. 11. SNIITII, Sir M. S. STEWART, Sir C. BURRELL, Colonel HuGnas, Messrs. LENNA RD, C. FERGUSSON, W. P. MILDmaY, JERNINGIIAM, R. KNIGHT, E. B. KING, J. LAMBERT, and APLEon. Viscount ALTHOFF entertained a party at dinner last evening. Among the company were the LORD CHAN.. C ELLOR, the Marquis of TAVISTOCK, Earl RADNOR, Lord AUCKLAND, Lord EURINGTON. Sir F. BURDETT, Sir R. FEaGusoN, Mr. R. COLBORN, and Mr. DENISON. Sir J. GRAHAM, as First Lord of the Admiralty, held a Levee on S iturday, at the Admiralty, which was attended by about twenty Naval Officers. A Reform dinner is about being given to the poor of Newington parish. Messrs. PALMER, RICHARD SON, HARDY and others, are amongst the most liberal contributors. SINGULAR OCCURRENCE.—Last week, in the pump belonging to Mr. SYKES, Union Inn, Westgate Common, Wakefield, was discovered a bird's nest (a red start) with two young ones, nearly fledged. The: pump has been daily worked, occasionally for three or four hours together.— Halifax Express. THoMAs WO ItL IDG E.—A laughable anec dote is recorded respecting this engraver.—While at Ox ford, drawing from some of the members of the university, whose portraits were to be introduced into his work, a gentleman arrived at an inn near where Worlidge then re sided, and having by some accident got a rent in his coat, inquired of the waiter if there was a fine-drawer in the town. '' 4 , :j y es , sir," said the waiter, " there is a very fine drawer in the town." " Then go to bid)," said the traveller, " and see if he can manage my coat in an hour or two while I stay." The waiter accordingly took the coat and message to the artist, who, between anger and jest, damned the fellow for a fool in taking him for a tailor.—Library of the Fine Arts—July. The accounts from Canada, which reach to the 20th ult., contain the most di-tressing details of the ravages which the ctolera was committing among the in habitants of Quebec and Montreal, and particularly among the unfortunate emigrants from England and Ireland. The disease was remarkably virulent, proving, fn many cases , fa l tal in one or two hours. A l e tt e r, dated .Montreal, u Junerstreets 7, y s e a s ) t •s e — rda ; , G a rt r . e at no n w um ir h i numbers, teat l, were ‘ walking e see scarcely any thing but carts with the dead." The dis ease did not confine its ravages to the poor, the dissolute, r filthy; it had attacked all classes. The cases which had occurred at . Quebec were suppose d to reach 2,500, and the deaths, in nine days, t o t h e f r i ghtful number o f SOO ! The return of cases and deaths at Montreal did not exhibit so large a number, the disease not having broken out there so soon as at Quebec. The deaths, however, in seven days, amount e d to 300. The Un i te d States had not been visited by the pestilence. The citizens had formed a cordon sanitaire along the w hole line of frontier, and would not allow a soul to pass the pensled, bath at Quebec and Montreal. All who could was entirely sus line. Business, we need scarcely add, quit tint towns have fled. None remained but the per sons whom necessity compelled to stay amidst the scenes of death. SOUTHAMPTON REFORM FESTIVAL. The celebration of the glorious event of passing the Re form Bill took place at the town of Southampton, on Friday, the 13th instant. The Committee appointed for the purpose obtained a very considerable sum in subscriptions, and it was resolved to appropriate the money in giving a public dinner by ticket to inhabitants, men and boys, above twelve years of age, and by a distribution of fool and beer to the women, and children under that age. In this mode, nearly 10,600 persons were provided for, of which number about 3,200 partook of the public dinner. The festive day was ushered in by the discharge of ar tillery and ringing of bells at six o'clock in the morning; 13 pieces of ordnance being placed on the platform, and discharged at various times during the day. The guests were requested to assemble and form them selves into a procession in the Marsh, a fine open space of common land, contiguous to the town. The weather, although there bad been some heavy rain and thunder the preceding evening, proved very favour able; there being only a very slight sprinkling in the forenoon, which rendered it much more agreeable than hot sunny weather. _ _ John W. Drew, Esq., on horseback, (the Deputy Chairman of the Committee), was the chief conductor of the proceedings ; William Oke, Esq., the Mayor, being President, and a number of Gentlemen, Vice-Presidents, and Superintendants. At one o'clock the procession being formed into ten divisions, four deep, marched to the High-street, of which street the town mainly consists, and it is considered one of the most beautiful streets in the kingdon, of course exceedingly well adapted to the occasion. The order of the procession was as follows : Win. Oke, Esq. the Mayor; P. Bingham, Esq. the Recorder; and a number of Gentlemen. Flags. Band of Music. John W. Drew, Esq. Chief Conductor. FIRST DIVISION. Superintendents. The King's Arms. Banner. —lnscription, " Reform not Revolution." SECOND DIVISION. Superintendents. Banner—" Union is Strength." THIRD DIVISION, Superintendents. Banner—" The Rights of the People." Ditto--Consisting of the Model of a human Arm, with an in- scription on the muscles— " Strength of the People." Above this—a scroll " Reform Bill," mom! ' ted with a smallflag. " Victory obtained without Loss of Life." FOURTH DIVISION. Superintendents, Banner—" Knowledge is Power." Ditto—" Victory without Bloodshed." FIFTH DIVISION. Superintendents. Banner—" Liberty the Glory of Britons." SIXTH DIVISION. Superintendents. Banner—" The Representation of the People." SEVENTH DIVISION. Superintendents. Banner—" King, Lords, and Commons." EIGHTH DIVISION. Superintendents. Banner—" Grey and Brougham." NINTH DIVISION. Superintendents. Banner—" Althorp and Russell." Ditto—" Reform, Retrenchment, and Peace." TENTH DIVISION. Superintendents. Banner—" Britons never shall be Slaves." The Society of Druids, Lodge 83, assisted by the Sa lisbury Lodge 102, in the ancient costume of their order, with various devices, preceded by the Newport amateur Braes Band, who handsomely volunteered theieservices. The procession was extremely well marshalled, and marched in perfect order through Marsh-lane, St. Mary's street, New-road, above Bar, into the High-street, in which street, in particular, the houses were beautifully decorated with flags, laurels, &c. Tables were placed below the Bar, reaching nearly to the quay, at which the guests were seated, and whilst waiting for the dinner to be placed on the tables, a bill written for the occasion was distribu ted amongst them. The Mayor and his Vice-President and Friends were stationed at the Gravel Stand, erected before Holyrood Church, decorated with laurel—inscription in the front, ‘' God save the King." The band of music played dur:ng dinner. The dinner, which was entirely hot, consisted of roast beef, veal pies, plum pudding, with a plentiful supply of bread, vegetables and beer. The quantity provided was amply sufficient, but owing to some unfortunate mistake, one division, and part of another, about 150 in number, were served without meat. In the throng and bustle of the time it was found impos sible to remedy this mistake, the dishes intended for them being placed elsewhere, and consequently they were de prived of their portions of the meat. The conduct of this portion of the guests is deserving of especial commendation, they bore their disappointment with a patience, on its being explained, in such a manner as so many individuals who style themselves " Gentlemen," would in all probability never equal. It is supposed there were at least 20,000 persons pre sent, and the feast went off with the utmost decorum, regularity, and peaceful harmony. The shops were shut, and the people enjoyed a festive holyday of the most gratifying description. After dinner the Mayor gave the following toasts:— " The King,"—Band, " God save the King." " The Queen, and the Royal Family,"—" Rule Britannia." " Earl Grey and his Majesty's Ministers."—" Britons strike home." " The people—and may they never be found wanting in constitutionally defending their just rights."—" When order in this land commenced." " The glorious Reform of 1832."—" Reform, Reform, Reform !" JAMES WELD, Esq., in a short speech, proposed a vote of thanks to William Oke, Esq., the Mayor and President, which that gentleman duly acknowledged, and the band struck up the very appropriate air of " Hews of oak." The bells then gave a peal, guns were Bred, and the band led off to the Marsh, where beer was distributed, and public amusements provided, 4Kli, as pony racing, &e., besides a number of rustic sports. Here the crowd was very great, two bands of music played at intervals, and the festive day terminated highly to the satisfaction of the guests and the gratification of the numerous spectators. The festival altogether was so well regulated, and the people enjoyed themselves so much, that it cannot fail to be long reflected upon with pleasure by all concerned. It will, at all events, he so with the individual who gives this account, and those gentlemen, inhabitants of the town, who were laboriously engaged in the various committees to make the necessary arrangements. The author of the trick which Tories ex pected would turn out the present Ministers, notwithstand ing the influence of an accomplished female, has not yet been reconciled to the chief of the party. The bit-by-bit reforming Nobleman, whose ambition was disappointed when the Whigs came into power, has failed to convince the conservative party that the legal Lord is worthy of the unreserved confidence of his former coadjutors. Among the persons who attended the presen tation of the Oxford and Cambridge Addresses, on Wed nesday, was one gentleman in full regimentals, with an academic gown thrown over them, in which singular cos tume he afterwards appeared in the streets. Tnis gentle man's classical attainments probably had not reached to eeclunt arnzu toyce. A trout was taken on Wednesday last by an officer of the Life Guards, while fishing in the River Lugg, at Mordiford, which weighed four pounds three quarters. This is the largest fish of the kind that has been caught at the place for some years. —Hereford Journal. Few circumstances have reflected so little credit upon medical science as the failure of the faculty in treating the present epidemic. Not only are the great majority of medical men notoriously and avowedly ignorant of the ❑ature of this disease, but actually treat with ridicule and contempt that member of their own body whose compara tive success gives some gleam of hope to the sufferers under this severevisiation.—/lforning Herald. THE RULING PASSION STRONG IN DEATH. —The groom of the late Duke of QUEENSBERRY, who won the famous match with the celebrated Eleanour, was an especial favourite with his Grace. Herring, when at a great distance from the spot, that his faithful servant was on the point of death, and had expressed an earnest desire to speak a few words with his master before he departed for ever, the Duke proceeded, post haste, to the place where he lay. On being shown into the room the great man approached the bed, and, gently drawing the curtains, looked silently upon the countenance now glazing under the first touch of death. The pitient turned with cliff.- culty round, and his pale face brightened for a moment as he caught his master's eye. "Ah ! my Lord," sobbed forth the dying man, " Ah ! my Lord, you rememter El-e a-nor. To be sure, John," assented the Duke. " Ah !"continued the groom, " tear'nt she a ruU ' ! and The Oriyinal, LISBON PAPERS. (Front the Lisbon Gazette of July 4.—(Official.) " DEPARTMENT OF VAR. " Being resolved to employ all means to save the mo narchy, and the honour of the nation, from the most ini quitous aggression that has been attempted against Portugal, I order, for that purpose, and in conformity with the laws of nature, nations, and of war, that in case the expedition of the rebels should approach the coasts of these king doms, Lisbon and all the places on the sea-coasts of the kingdom shall be immediately declared in a state of siege, and considered as being so, unless I give orders to the contrary. " M. Conde de S. Lorenco, Member of the Council of State, Minister of War, will attend to this, and cause it to be executed, giving the necessary orders. " Palace of Cachias, June 30, 1832, with the signature of his Maje.ty. " July 5. " ORDER OF THE DAY. " Head-quarters, Palace of Cachias, July 3. " Most Illustrious Sir,—The King orders me to trans mit to your Excellency the enclosed copy of the decree of the 30th of June, declaring all places and districts can the sea-coast to be its a state of siege, in case the rebels should approach the coast of the kingdom. Of which I inform your Excellency, that you may give the necessary orders. " July 2. CONDE DE S. LOURENCO. " TO THE MOST ILLUSTRIOUS CONDE DE BAREACENA. (OFFICIAL.)-.JULY 6. " DEPARTMENT OF FOREIGN AFFAIRS. '' Circular addressed to the Nuncio of his Holiness, to the Envoy Extraordinary and Minister Plenipotentiary of his Catholic Majesty, to the Charge d'Affaires of the United States of America, and to the Consuls of the other foreign nations residing in this capital. " These kingdoms being threatened with an attack of a premeditated expedition of the most iniquitous and scan dalous nature, essentially composed of disorganizing ele ments, from various foreign countries, organized in foreign kingdoms, with armaments, ships, soldiers, crews, stores, arms, ammunition, and provisions, belor ging to those fo reign countries, which form essentially the naval and mili tary force of the Portuguese rebels,—an aggression whose object is to attack the independence of the Portuguese nation, opposing the national will of millions of inhabitants, in order to introduce civil war and the most ferocious anarchy,—an aggression which is in tended to overthrow the venerable institutions of the monarchy, and entirely to annihilate all the titles of its glory ;—under these circumstances, I have the honour to inform you, Sir, that when a country is threatened with invasion, or a city exposed to be the theatre of a martial conflict, it is proper to remove every thing that may embarrass the action of the constituted authorities, conformably ti the unquestionable right which all Govern ments possess within their own boundaries, as they can never be deprived of the means of providing for their own defence, and defeating the attempts of the enemy, and it is in conformity with this principle, an established rule that any military or naval force which is anchored or sta tioned, and which is not destined to take the character of an auxiliary, is to withdraw before the attack, as well as those persons of its nation who may in any manner be considered as in the least danger, to avoid exposing their persons or property to the contingencies of a conflict con sequent on a hostile aggression. " In conformity with this practice, notice is given to neutrals, that they may take in time their measures to avoid all accident, because, otherwise, they would con tinue their traffic as in time of peace, and, in case of their suffering any loss, would make doubtful claims of restitution on the party in whose territory they continued to reside. " These kingdoms, therefore, being under these circum • stances, and the King my Sovereign being resolved to employ all means to save the monarchy and the honour of the nation from that premeditated and rash attack, has been pleas,d to promulgate the decree, of which I enclose a copy for your information, that you may act accordingly. " As soon, therefore, as the declaration of the state of siege, provided for in the said decree, shall take place, all means will be employed which may impede the communi cation of the enemy, and all intercourse whatever with the places and districts in a state of siege, during the presence of the enemy, will be strictly prohibited. " In making this communication, I have at the same time the honour to declare to you, as well as to a'l the sub jects of your nation, and to all (Aber foreigners who prefer to remain, and who shall conduct themselves conformably to the laws and to the terms of existing treaties, that they will enjoy all the protection of his Majesty's Government, for which it will employ all the powerful means which it has at its command: at the same time, after this com munication to all neutrals, the Government of his Majesty protests solemnly beforehand against any claims that may be set up in consequence of the results of the conflict, for which no Government ever could, or ever did, remain responsible. " God preserve you, 4 4 Visconde de SANTARENI.' " Palace of Cachias, July 4." The Gazettes of the 7th and 9th contai❑ no news. BELGIAN PAPERS. " NOTE OF THE BELGIAN PLENIPOTENTIARY, GENERAL GOBLET, TO THE CONFERENCE OF LONDON. " The undersigned, Plenipotentiary of his Majesty the King of the Belgians, has had the honour of receiving the note, which have been pleased to address to him, under the date of the 11th of June, the amba.sadors of Austria, France, Great Britain, Prussia, and Russia, assembled in Conference in London, and he hastened to have the con tents thereof brought to the cognizance of his government. " It results from this noteLlst. That the Conference considers as an indispensable prelude to all ulterior nego tiations, the complete evacuation of the respective territo ries between Belgium anti Holland, the free navigation of the Scheldt and of the Meuse, and the use, for the com mercial relations of Belgium with Germany, of the exist ing roads. 2d. f the treaty That the of the negotiations, s th o to f No v whichsome November r eoo dis positions das yet give an opening, cannot be understood but as negoti ations of mutual arrangement between Belgium and II (- land—negotiations, which if they did not bring about the results of a nature to be accepted by Belgium, would leave the treaty subsisting in it entire. " The Belgian Government would have thought it mis took the spirit of equity that animates the Conference, in doubting that the Conference had not approved fully of the proceeding, which it considered itself entitled to adopt, in consequence of the common sanction given by the five Courts to the treaty of the 15th of November; neverthe less, the Belgian Government experienced a delay in re ceiving, on the part of those Courts, the formal manifes tation of their approbation. That approbation is found in the note of their Excellencies the Plenipotentiaries, dated the 11 th of June, but the Belgian Government could not but feel regret on finding that in that note their Excellencies had passed over in silence many important points, treated by the undersigned in the note of the Ist and Bth instant, and to which, conformably to the orders of his Sovereign, the undersigned again takes the liberty of calling anew, and in the most pressing manner, the attention of the Conference. "6 In the two notes already specified the undersigned had the honour of proposing— " To fix the epoch after which there will be ground for placing to the charge of Holland the expenses of the armaments supported by Belgium, and of considering the latter as freed from the payment of the arrears of the debt. To fix also the epoch at which the execution of the treaty of the 15th of November is to be brought about by the employment of means of coercion. " The undersigned cannot doubt that these propositions are not conformable to the views of the five Courts: they are besides based on the public rights of Belgium. " In effect, it is incontestible that it is to the charge of the Dutch Government that are to be attributed all the delays experienced in the negotiations, since the day when the Conference found itself by the declared wish of the parties, and by the force of things, invested with a su preme arbitrage; it is, therefore, on that one of the par ties who persists in declining the effects of the arbitration, that the consequences of those delays ought to fall. lgbieuyir beyond has the a right By adhering p ure ly an d simply, since the 11 th ofNo vember,l considerB3l, to h the twenty-four articles , efo n r ty t . h fo e u f r utureple : a Belgium necessity of maintaining her a rmaments; and she has not maintained, and much less augmented them, but in conse ian and the the expenses i bly i j l e e tnhseeu t e b o : ar t it i b i y e e do n f o tt n oh - e a t d h l t es i e ot s hn i o e n orfo o us f s etvloieenmd November, et i i ro n ,n g ist of lv Hollandasch imposedm i e fity ; f — rir from me i f s very plain consider ation that the state of war ought im mediately to ceas e, and to p rocure for her a com p en sation for her sacrifices. This Government c ompensatio h n as failure;hcaosntibneuceodmetoadefray h of an armament that each month exceeds 3,000,000 florins, and which by consequence surpass by far the ar rears of the debt. Belgium can therefore receive, in the sole freedom from those arrears, the indemnity to which she has a right. After the refusal (now well known) of the Govern ment of Holland to accede to the last propositions of the Conference, it is beyond all doubt that the declaration of the loss of all claims to the arrears will not, by itself, be come a measure of a nature to bring about the execution of the treaty of the 15th of November on the part of that ‘ Government. The Conference ought at this period to be convinced that that resolution cannot be obtained but by means of coercion, to which it is the more necessary to have recourse, as it has become indispensible to put an eril to the political u ncerta i nt i es t h e pro l ongat i on o f w hi c h MI not fail to produce within a short period, the miist seriotil consequences for the peace of Europe. As the results of the preceding facts and considerations, the undersigned has th ° honour to demand formally from their Excellencies the Plenipotentiaries of the fiv e Courts— " 1. That from the date of the Ist of January, 10' to the peace, the expenses of the armaments supported by Belgium shall in full right be placed to the charge of Wl' land, to the amount of 3,000,000 florins each Month , and that Belgium be authorized to deduct those expense' from the sums which she owes or may owe to Holland. " 2. That, as the Dutch Government h as ne t conse nt to the previous evacuation of the territories and places Iv cognized to belong to Belgium, as well as to the enjoymen t of the navigation of the Scheldt and of the Meuse, and to the use, for the commercial relations of Belgium witb Germany, of the existing roads, the conference will pleas , to order immediately the employment of the meaans o coercion necessary for obtaining this end. " The undersigned flatters himself these demands will receive a favourable consideration from their Excellencit the Plenipotentiaries of the Five Courts. If, contrary to all expectation, it should prove other , wise, his Majesty the King of the Belgians will find bitty self forced to take measures proper for bringing about t termination of a state of things, which the hope of see brought to a speedy close could alone have induced him to support so long. The s acr ifi ces to w hi c h he has consente in favour of the general good, are suf f iciently numerous t° prove, that he cannot then be exposed to the reproach 01 having subjected the peace of Europe to a crisis, of which from the present moment, he rejects all the responsibility. " The undersigned embraces with eagerness this occs' sion to offer to their Excellencies the renewed assurance of his highest consideration. (Signed) " London, Jane 29, 1832." " NOTE FROM GENERAL GOBLET TO THE CONFERENC " GOBLET." OF LONDON. " The undersigned Plenipotentiary of his Majesty the King of the Belgians has had occasion to remark, that il l the discussion which has arisen within the conference, tle not only the end of the mission, with which he is chare i to their Excellencies the Plenipotentiaries of Austrik France, Great Britain, Prussia, and Russia, has been 5 1 ;, together left out of sight, b u t th a t th e C on f erence i ts e has considerably varied from the line of conduct laid donli in its anterior acts; it is with the deepest regret that th t ,, undersigned has seen th e new t en d ency w hi c h i t i s w i s hefi that the negotiation should take, and in this state of thing' he feels himself obliged to recall anew to the attention (YI their Excellencies, some of the acts laid down as null them, as by him and his Government, for the purpose replacing the question on its true basis. In the note of the Ist of June, the undersigned ha' the honour of offering to the consideration of their Excel lencies the Plenipotentiaries, the fact that he was charge by his Government to call the attention of the Conferet to the immediate execution, of which the treaty of th' 15th of November was susceptible in its principal part' and to declare that his Majesty the King of the Belgi 0 ; considered it his right, and that his Government hs taken the resolution of not participating in any negotiatiO on the points forming the object of the reserves, bele ° the evacuation of the territory irrevocably recognized tc belong to Belgium.' He then added, that this pr eee ediui not only could be reproved by any of the acts laid doc'' by M. Van de Weyer, but that it seemed to him to be ° a nature to be approved of by the Conference ; it woul d in effect be to misconceive his intentions, to suppose the after six months' delay the negotiations could be reopen!, unless the treaty of the 15th of November, designed as was to close them definitively, had received a commenc e ' ment of execution.' " Already the nature of the relations which the nude signed was appointed to carry on with the Conferen being found expressly defined by the declaration, as alma' re-stated, the cognizance of the notes of the Dutch pie/ potentiaries, dated the 7th and 29th of May, furnish him with an occasion of reiterating it in his note of the 1 of June, in which he added, that ' the treaty of the Eitb November had become the public right of Belgium, sg that it was the duty of his Government to maintain it. " The answer which their Excellencies the Plenipote tiaries of the five Courts was pleased to make to those tt notes on the 11th of June last, has the end o f a pp rov i n g SP , proceeding which the Government of his M a j es ty- th e l‘ i t . of the Belgians had believed its e lf to h ave th e r i g bt'' adopt, in consequence of the sanction with which the Courts had invested the treaty of the 15th of Novemb er '' by adopting towards the Cabinet of th e Hague, prods": ings adapted to establish, as soon as the reciprocal ext°, l l ; nation shall have been effected, negotiations on a mu tes'', amicable footing between the two countries, on the sue of which difficulties had arisen ; the Conference had f i e : cognized to Belgium the right of demanding, b e f or e 11P the evacuation of the territory. " After an act so positive, the undersigned could Doi without sentiments of the most lively surprise, s ee t i ," . Conference raise doubts on the rights a l rea dy recogn ized it. In this state of things, he cannot avoid r e it era ting S ", formal declaration, that his Sovereign will no t consen t to tiS , I negotiation on those of the 24 articles which are suscepti b thereof, before the reciprocal evacuation of the ree pecti ° , territories ; and referring at the same time for all lb' other points, to his note of the 29th of June, he belie' r S, it to be his duty to inform th e i r E xce ll enc i es that P should find himself under the ne cess ity o f repe lli ng e ve' proposition contrary to the resolution which has been tb declared anew. " Belgium and her King, were they even obliged toe l pose themselves to the chances of the most uncert!' future, will never admit the possibility of a want of / 01 in the five Great Powers of Europe. The engagemen t of which the undersigned claims the execution, were conceded to Belgium—they were imposed upon her 1 1 those said Powers, and is it they who would now ce ase recognize them Far from them be s uc h a thought, tl realization of which would without doubt produce con s quences the most fatal to the peace of Europe. " The undersigned embraces the opportunity, Sce. " London, July 7. " GOBLET. EXPRESS FROM PARIS. (From the Times private Correspondent.) PARIS, SATURDAY, JULY 1 4 ', 1e , This being the anniversary o f th e ta ki ng o f t h e Basti i. ' i t fears have been entertain e d th a t th e ce l e b rat i on o f event would not pass over without disturbances. For fr last two days th ere h as b een a goo d d ea l o f 010, tion among the troops of the garrison ; and it is evid e : that the Government, whether it had or not reason to eO l pect any interruption of tranquillity, was determined fl sr to be taken by surprise. It i s now twe l ve o ' c l oc k, a 0 have neither seen or heard of any thi ng a t a ll tb re ate°' o l to the public peace. The thermometer is at this motri e e , at 110 in the sun, and will probably be four or five deirefor higher by two o'clock. Few people can feel di s posed . 0 , out-door occupations in such weather; and if any 11 0 . 1 4 tended, as has been said, to celebrate the day by plant, o g trees of liberty on the Place de la Bastille, this scorch' 0 sun will probably inure effectually prevent them f r s i e fulfilling that ceremony than the precautions taken by Government. We have no news yet of the landing of Don Ye d O l Measures have been taken by which that circumstance le become known here on the 4th day. It is generally t d lieved that the landing of the expedition will be eff ec ll at about 12 leagues distance from Lisbon. All the Pri' ,, s ( accounts from that quarter continue to say the chance s greatly on the side of the legitimate cause. fie The Courrier Francais publishes a correspondence,,,,, twec n the Polish General O s t rows ki an d G enera l V si el ette, by which it appears, t h at t h e 4 00 P o li s h refug - e 1: lately embarked at Dantsic for France have been ordehrei( t o Algiers by the F renc h G overnment, greatly againstrtlrc will. General L a f ayette d eplores th i s treatment 0' i,eo Polish patriots, so inconsistent with the former pr olll ,loe of Ministers, and hints that he will not fail to take of notice of it in proper time and place. The chailg e ab' treatment which the Polish refugees have experienced W ;itb in the last five weeks at the hands of Ministers dates s t :bei she funeral procession of General Lamarque, whic h r tl had been invited to attend as a body. It was after W #, asserted, by s o m e a ge nt s o f th e p o li ce , th a t th e se refilgi -e io as well as some Italians, had taken a very active P r o; the riot s w hi c h too k p l ace i n t h e e vening of that oi . hence the rigorous treatment which all the P o lish e, grants in France have since, more or less, had to un der t g i:e It ought to be known, however, that up to this JAy o f accusation against them rests merely on the depositio°;ot police agents, an authority on which entire reliance I l e a to be placed, and that no proof of any kind has ye t ü bliC e ven attempted to be brought forward to satisfy the li - bee o that they have abused the hospitality which 11 0 granted them. ulag Some of our Stock E xc h ange po li t i c i ans a re rn a cos lo great efforts to persuade the public that the late P r°P ,f the King of Holland must lead to an amicable settletf%,oos, Their object is to keep up the funds until the Bth of lac e , when the adjudicati on o f t h e new l oan i s to duke Poe But the state of the Money Market during the last tortahol.e three days shows th at a genera l di spos i t i on prevail s t he to take a diff e re n t v i ew o f t h e new question on wh ie ji Conference is called upon to d ec id e , Such, ho telr