The British Press; or, Morning Literary Advertiser.
London, England, 1825-09-27 00:00:00

THE BRITISH PRESS.

the conversions of the Rentes. The whole of this opera-
tion is now concluded, and the result is, that the saving
effected in the interest of the public debt of France amounts
to 6,223,199 f., which, according to law, Is applied to the
reduction of the land-tax, poll-tax, and the taxes on house-
hold furniture and on doors and windows. The diminution
of the public burdens, by this " great. financial measure,','
for which M. de VILLE LE has been so absurdly panegy-
rised, does not, after all, amount to 5250,000/. ! We sub-
join the official details :
I From the Ilfoni'eur of Saturday.]
(Official Part.)
ORDINANCES OF THE KING.
Cautht.Es, Stc. &C.

On the report of our Blinister of Finance, we have drdained as
follows
The Commission charged by an Ordinance of the 31st July
to verify the amount of the inscriptions of the 6 per Cents, the eon.
versiea of which into 3 per Cents had been demanded by virtue of
the law of the Ist of May last, is also charged—ist, to verify the
' amount of 3 per Cents invested in consequence of this conversion.
2d, To verify the result of the applications for the conversion of the
5 per Cents into Si per Cents, on the 22d of the present month of
September.
11. On the same day (Sept. 22), the commission, after having
verified the amount of the 3 per Cents. invested in consequence of
the conversion, shall close the registers of the entries of the applica-
tions for conversion into 44 per Cents. remitted to the Treasury in
the form prescribed by the attend article aim Ordinance of May
I 114.
111. The Prices Verbll of the operations 'of the commission
shall be published wishin 21 boors. •
IV. The Baron de la Bouilerie, absent on learve, 'hal be it.
placed as President of the Comm;ttec of Financo, by Baron de Fie-
villa, and Count Basinger, also absent on leave, by the Simi de
Frenelly. •
V. Qur 31inister, Secretary of State for the department of Fi-
nance, is charged with the execution of the present Ordinance.
Given at the Tuileries, September 16, in the second year of our
reign. CHARLES.
The 51inister of Finance. J. DE VILLELE.
PROCES VERBAL.

The Commissioner; having recapitulated the results of their
proceedings on the 17th of August, which were published at the
time, and having stated the rectifications that had been made in
some small sums. say, ow the whole the total amount of five per
cents. converted into three per cents. is 30,574,116 francs, and the
whole amount of three per cent, arising from this conversion is
24,4,59.035 francs. The verifiettions relative to the conversions in
three per cents. being terminated, are closed.
1. '1 he register of applications, for conversion into 3 per cents. on
which no application has been inserted since sth August, and in
which there is no hesh writings except the corrections mentioned
above.

2. The jrnarnal containing the detail of the 5 per cents. con.
veiled, and of the $ per cents. proceeding from this concersion.
3. A list of the applications for conversiods which were declared
null. _

The first part of our mission being terminated, and it being six
o'clock, we resolved to meet at ten this evening, to verify the result
of the applications for conversion into 4i per cents.
At ten we met again at the treasury, where the director of the
inscribed debt presented to us.
1. The list of applications for conversions Into 4A per cents.
2. The journal containing the particulars of the 5 per cents.
converted, and of the 4A per cents. thereby produced.
3. Th. various documents furnished by parties applying. We
found the applications entered in the register to amount to
1,176.704 francs, and the 5 per cents. converted to 1.0110.345,
whence it appears that there remains in stispenee a sum of 96,359,
in consequence of the irregularity, or insufficiency of thedocutnents
produced by forty applicants. The 4} per cents. inscribed,
amounted to 272,2:23 francs, which are equivalent to the 5 per cents.
converted, deducting a tenth on the interest, and a difference of
82f. 50c. arising from fractions of francs which could not bz in-
scribed, and have been repaid.
The verification being terminated at midnight, we closed the
registers, &c. relative to the application for conversion into 4i per
cents., viz.—

I. The list of the applications.
2. The journal of the Five per Cents. converted, and of the
Four and a half inscribed.

3. The list of the applications that remain in suspense.
This Proces Verbal was closed the 23d September. half an hottr
after midnight, after being read to the Director of the inscribed
debt, who has signed with us. De Frenilly, Baron M. Freville,
Cornet Dincourt, and Roussel.
REPORT TO THE KING.
M. de Villele having mentioned the law for the conversion of the
Rentea, observes, that byArticie 3 of the law the diminution in
the interest of the debt which shall thereon ensue iv to be applied
from the beginning of 1826 to diminish the additional cents on
the land tax, poll tax, the tax on furniture, and on door, and
windows.

The diminution of the interest of the debt thus effected is
f11,223,19f1f.

The taxes in question amounting to 194.727.934 f. 63c. a dimi.
notion of three cents. would make only 5,841,838 f. 4c., leaving
331.359 f. 91k. unemployed.
A diminution of another cent. would greatly exceed this over.
plus, but it would suffice to diminish by six cents. instead of three
the door and window tax, which is the most charged with addi-
tional cents. of all the direct taxes, and the most onerous to the
poorer contributors.
The whole reduction would then be for the Land Tax, Poll
Tax, and Tax on Household Furniture, at three cents. per
franc . - - - 5,44,464 f. bc.
On the Door and Window Tax at six cents. per
franc - • 7613,747 f. 33c.

Total 6,226,212 f. 3c.
I hare the honour to lay before your Majesty the project of an
Ordinance necessary to effect in the manner pointed out in the pre-
sent Report, from the beginning of 11326, the reductions prescribed
by the Law alay I, 1625.
The .11inister of Finance,
Paris, Sept. 23, 1023. J. BE VILLELE,
The Ordinance is annexed to the effect recommended in the
Report.
k WENCH FUNDS.—PA.EIII, SEPT. 24.—Fire per Cents.,
opened at WJI. Ik., ; Three per Cents. 711. 20c. ' • Bank Stock
2,132 f. ; Neapolitan Rente 88.—Exchange on London—One
month, 231. 20c. ; three months, 211. Sc.—Corn Authrxttyite

We have received the Brussels papers of Saturday. The
chief article of interest in them is a notieT, from the Sar-
dinian Consul respecting a misunderstanding between his
Sovereign and the Dey of TRIPOLI. We regret to find that
the Germanic Inquisition at Mayence is not to be dissolved
as was expected. It is judged advisable to continue it in
existence for some time longer. The following arc the
extracts to which we refer :

BRUSSELS, SCPT. 21.
It is by a mistake that we announced the embarking of the Duke
of Cumberland for London. Ilia Royal Highness will set out the
day after to-morrow with Prince Frederick of Prussia, and arrive at
Paris at the same time as the King of Pntssia.

Several of our Journals arm that the late incitirles made of the
Editors of the Public Journals relative to the times or their exis-
tence, the subjects of which they treat, &c., have for their object
a law to be proposed in the next Session of the States General, to
subjn. them to a duty, or some other financial regulation.

The Sardinian Consul-General in this kingdom, residing at Am.
aterdam, has just informed the merchants that the Puha of Tripoli,
from a false Interpretation of the treaties concluded with his Sardi-
nian Majesty, has given orders to lay an embargo on all Sardinian
vessels in his ports, sill the differences are adjusted. Ills Sardinian
Majesty has immediately sent a squadron to insist on the accom-
plishment of the treaties, and in case of need, to prevent the national
vesicle from being molested by Corsairs. This measure will doubt.
less make the .captains of ships easy, should they have been
alarmed by exggerated reports.
FRANKFORT, SEPT. IS.
Notwithstanding the dechrarione and decisions that have lately
emanated front the meat Committee at Berlin, whose equity and
moderation have formed so remarkable a contrast with the severity
of its first decisions, the Committee at 111 ayene, which has been
on the point of breaking up for some months past, still exists. It
Is now said that the existence of the Members of the Committee
depends on the will of each Prince in particular, and the general
will of the Powers. It is thought best, rather to let things remain
as they am for the present, than ostensibly to dissolve the Com-
mittee.

The struggle fur ascendancy on the part of the work.
men in the various trades at present in a state of conflict,
still continues to go on with unabated ardour. It is pro-
ceeding—as we said, from the first, it would proceed—far
beyond the lengths to which the mere urgency of the or
might carry it. It is assuming every day a more
formidable Shape ; so formidable, indeed, that not only is
the manufacturing interest vitally endangered, but the
general interests, both of civil government and of social
order, have everything to fear. This Re w power which
has risen up amongst us is acquiring to itself a force
which—if much longer permitted to organize and strengthen

itself, as it is now doing—the laws win soon be unable to
cope with it. There seems to us to be no assignable limits
to its progress. Not only do the artificers of different
trades combine separately but collectively ; not only are con-
tributions made in aid of each pltrticular Union by its own
members, but subscriptions are set on foot in support of the
system of combination as a common cause. At the General
Meeting of the Brassfbunders Union, held last week in High
Holborn, it was, after a very animated debate, in the
case of the Bradford Combirs and K'eaec,s, resolved "that
201. be immediately forwarded to them from the funds of
the society, and that weekly subscriptions be commenced
at the various manufactories throughout Lendon in this
branch of trade, in order to prove to our Bradford brethren
that we are determined to uph,)kl our motto of Men of
Metal.'" The Committee of The United Felimongers and
Leather Dressers recommended a subscription of one
penny per week from each member of the Union, to be col-
lected at their pay-tables every Saturday night, to support
the above cause of the " Bradford Brethren," and the re-
comendation is accompanied with observations to which
the public attention cannot be too strongly drawn.

" The sum," say the Committee, " may appear contemptible,
but we are not in want of facts to prove that large VMS have been
collected from small eon!, Mations from the many ; and in this in-
stance societies in the country have and are still adopting the same
plan. When we see societies assisting 'acidic', and unions asso-
ciating with nnionr, That may we not anticipate :1 Brethren, let
us step fuhrard with dor miol, though it is tut a mite I It is Arta-
Mg a link in a chain of coneettion, that, it milt:chid with wisdom
►nd prudence, will eventtially promote the interests of all ranks of
society. inasmuch as the prosperity of a nation must stand or fall
with the majority of its population."

What may ultimately be effected by this GRAND JON c-
mt.:, it is, indeed, difficult to anticipate. In the mean
time, it behoves us to look well to it, and to inquire how the
interests of property are to be eventually protected against
all these United UNtaNs ? They present the basis of a
NATIONAL CONVINTION MOW formidable than ever yet
entered the lists against the constituted authorities of the
State, either in France, or under any Government that
ever yet appeared in Europe. If its members should in-
cline towards the same equalizing.policy—and their leaders
show every symptom of being so disposed—the line which
they will chalk out for their public labours will be pretty
broad, and it will not be their fault if the Capitalists, of
every description, do not go to the wall. "All we can do,"
say the 13sAnroan Committee, in their sixth address is-
sued to the mechanics, artisans, and labourers of OSIAT
13arratN—" All we can do shall be done, to stir up the
people's spirit every where ; and never will we give up
pleading for you, until we get every workman into the
practice of regular weekly subscriptions, till your contest is
co brought to a triumphant nclusion. No, most worthy and
respected friends, we know you will not forget to assist us;
the number of' our assistants will increase a hundred fold
faster than that of our opponents ; and we shall yet see
innocence and poverty triumph over wickedness and wililth."
Whether these affiliated conventions will realise their vi-
sions of empire is a topic we will not now touch upon
There is at least enough going on before us to answer all
the end of public instruction. It remains for those in au-
thority to profit by it.

CITY, MONDAY EVENING.

A practical illustration was given to-day of the little
confidence that is to be placed in stock-jobbing anticipa-
tions. The dissolution of Parliament was looked forward
to as the certain prelude of a decline in the funds, by reason
lof the large amount (two millions, it is generally supposed)
which is usually drawn out for electioneering purposes.
This is considered, one of the certainties of stock specula-
tions. The reverse of the fact, viz. :—the continuance of
Parliament for another year, would, according to common
calculation, make it equally certain that stocks would at
least keep steady in price, provided no collateral circum-
stances make their appearance, to induce a decline. To-
day, however, in the absence of all such collateral circum-
stances, and with a certainty that Parliament would not
be dissolved, the English funds have declined. Consols
opened this morning at 881 1. They afterwards went down
to 1 1, and finally closed at 4 1, with an appearance that
certainly indicated no probability of improvement to-
morrow. The business would have been more extensive
if the price had not declined, several brokers who came
into the market to sell having, in consequence of the fall,
suspended their proceedings. Exchequer Bills were from
4s. to Ss. premium, and money was by no means scarce.
The Foreign Market was even in a more languid state
than on any day last week ' • but the chief depression in it
was in Greek Scrip, which fell at the close of the day to
22 discount. Several reasons were assigned for this rapid
and unexpected decline, viz.:—from 171 to 21. and in
some of the latest bargains to W. Unfavourable news
from the theatre of war was given osn as a principal cause;
but this, we have reason to believe, is utterly groundless.
Another reason put forth with more plausibility, was, that
this Government had (as we predicted they would several
days since) rejected the overtures of the Greeks to be
taken under the protection of Great Britain, and in addi-
tion to this fact, it was stated that a Proclamation will
immediately appear, to prevent the exportation of all war-
like munitions to the Greek patriots. South American
Securities were under a very heavy depression. Colombian
Bonds were at 75/, Mexican Scrip 11 II discount, and
Guatemala ditto 41 4 discount. Spanish Bonds were rather
better, but they are still very low. The old were at 181,
and the new at 14a. Brazilian Scrip again declined; it
was at 91 9 discount, and Danish ditto was at 61 6.
The Share Market had no business of any interest trans-
acted in it during the day, and the prices In it were all
heavy.
The speculators in Mincing-lane predict steady quota-
tions and large sales to-morrow.
In Mark-lane to-day the supply of Wheat was scanty,
and the price firm. A large quantity of Barley was at
market, which made the sales in that ankle heavy. An
abundant supply of new Oats came in, and were bought
rather freely. fhe Oats were of very fine quality.
The City of Edinburgh has arrived from Bengal ; she
sailed on the 6th March, which, our readers will recollect,
is an old date.. She is late from St. Helena, but advice, by
her from that island arc of no public interest.
A Lisbon packet arrived yesterday, with letters to the
17th instant, but they contain no political information.
The Brazil packet that reached London yesterday
brings no !WWI beyond the fact that Sir Charles Stuart
had been well received by the Government nod the people,
and that he was in constant communication with the for-
mer, but the result of the negotiations between the British
Ambassador and the Brazilian Cabinet hail not been suf-
fered to transpire. The letters are dated the 27th July.
The city of Liege has set the honourable example of
opening a subscription in favour of the Greeks. Many
young men in the University have shown great enthusiasm
and generosity in favour of that heroic people. Subscrip-
tions have also been opened at Mons, and in the Com-
mercial Club at Brussels.

The King of the Netherlands has given the Grand Cross
of the order of the Belgic Lion, to their Highnesses the
Duke of Cumberland, Princes Charles and Albe►t of
Prussia, and Prince William Louis George of Saxe Witt-
genstein.. _ _

The Cour rier de Gand states, that a few days ago a con-
siderable number of Belgian horses were embarked for
England, on board the English packets and other vessels.
" We suppose," says the Belgic Journalist, " that they
must be intended 'to supply the losses caused by diseases
among the horses in that country." We have heard of
epidemic diseases among the horses in France, but this is,
we believe, the first notice of any such occurrence in
England. •