The British Press; or, Morning Literary Advertiser.
London, England, 1819-02-15 00:00:00

‘eeine the tAp..litioe to Lima. The wlmie of the trans.
tow woh the troop; will slap most probably fall into the
holds of the Patriots; and be it es it Way, the blow is al.
may .track Nothing could 1. MUM decisively against
gulag the !loyalists, or more deeishmiy in favour of the
F.‘&00,,, than the capture of the *Watt, end the dinee Cu.
rowit4o, changes entirely the ebeoplesiosei drain.
The Iliiatists evacuated Taltrtemalt New ColisWersble
tinie ago; sod this Government, p.meese shier Trinidad*
?rampart, which deserted from ther Spanish ligni, awl carne
,a here, having become Acquainted with the whole plan of
aii, rations of the expedstios—the palate store they were to
".,,dtsviiiis, and so feedi, intelligence was transmitted to
cinti the squadron aided, and hes MIN get held of the
flute in 'lalcsinistiu. is ilideed, great
wr now anticipate the fall •( Lima, with much more Ne-
well), than we could hitherto do—and as an event at so
vest eisizoice of time.
Martin is in Chili, organising the army; but the
Patriot. lIIIW will hardly requite one. for I do believe their
naval force elope will lie sufficient to give them possession

ut Lima.
0 Farr i. copyieg the benefits just received from ChM ;
sod though the Yarmouth was dispatched an hour ago, we
'ore signal to detain her till this Clll3 get 011 Ward,
.10'0 she a be off —The Commodore. Dicks's, sod our-
!rel., I believe, atone seed espies of this document.
" You may goes lam the 11101,0 will raise see desponding
spirits and how the Patriots will be glorying in this news—
and, l think, the grassiest achievement they have yet nude.
are eiiilwaeing each other in the streets very cordially."

This evening, in the House of Commons, Mr.
S. r rent ONSLoW will move the second reading of
1.1. VIII for rerraliisg the laws now in force in Great
I' itain I:e:end, flirt profess to regulate the
••• of interest. On this occasion it is probable
I',3t the rinciple of the measure will undergo
•cussion ; we are therefore desirous oL saying a
I, iv words on the subject. Our readers are pro-
k.lbly for the frost mut aware, that in the Session
I.i l'arliumriit before the last, • Bill to the same
• if.et w.is introduced into the House of Common%
rea.l a second time but on the sugge‘trun of
the (.11ANCELLOR of the FacHerituEn, who how-

tv-r a•vlited to the venire% principle of the mea-
slue, although he did not thiak the country at that
ti.ne itepared fur itsettuctment, the Biil was with.
ii! 1.451. In the last Session, the subject wee again
I. ..tty,itt before the House, but it being thought
et.oeite fat to concentrate the opinions of practical
t!,ril, iiivrchaids and lawyers, upon it, a Commit-
:. appointed to receive evidence, mud report it
their opinion*. The Cenbmiltee sat for three
w,, ,k•, and teceived-the opinions and statements of
Lorain-ane,geitilttnen, who, from their babies of
lle, were best calculated to appreciate the
iiirrits of the existing laws, ascertain the effects
of ioeir uperation, and eetimate the coneequelices of
eon. repeal. Of thee gentlenien, all of eminence
we solicitors, brokers, itterclunits, twenty agreed
in toe isitsettril advantages that might he fairly en.
ticipsied from the repeal of the laws. and only out.,
Mr. l'eEt+TON, wits found to give an opinion hostile
to the Itien.tife. in consequence of this concur.
sestet i' evidence, the Committee prefaced the Re•
port of the evidence to the House by three Resolu-
tions, unequivocally recousinendieg the repeal of
the Usury Liles, on the grounds of their ineffi.
ciency to obtain their professed object, the addle
:moral burden they contribute to impose upon indi.
v1411141* wilding loans of money, mid the embarrass.
mews they cause in commercial transactions. We
entice this merely fur the purpose of meeting the
obit/lino that has been urged to the repeal by per-
sons loilleseii.g to recognise the correctness of the
shrilly on whicii the present measure is founded,
but think they see difficultiev in the practical
cony ivieuces that may result from it.
it would, we conceives be unnecessary for us,
even were our limits to admit of it, to argue on the
injustice of restricting persons whose property con-
sist* of money, from disposing of it, end transfer.
ring it with as nivel) freedom as if it consisted in
ho)) lands, or inerchaudise. It would be also
squally a waste of time to show that the Usury
L its% as they esi,t, are totally incapable of pre-
venting the harrowing of money at a fate of interest
higher than that specified in the law, and that even
though they might succeed in preventing a man from
rowing, they could not prevent him from selling
entry thing lie pos.esees in the world. It is notiiii-
ous that by meatus of premiums, and bills of cost.,
the practice of grantiug life annuities, and various
ot..er devices, the Usury Laws, to every beneficial
purpose, are become dead letters, and that their
etlet:ts are to be discerned only in the embamum-
theme they c.u.e, and the enormous expenses they
upon tudividuais who borrow, without grant.
a ceninseosorate profit to the lender. These
air all admitted; but those who make this *choose-
leil4ment of existing evil., tremble at unknown
mist*oiefs, far which, however. they offer no pretence.
Ti,ey own that time existing laws are either useless or
injoriont, and yet they cannot consent to their
il';registieri. The present Usury Laves do 1114.4 re.
wit.ite the *tautest of money, for they ere eelt.
• ~.tly evAd.il, therefore they joie be safely ree
; but they injure these for who prinection
'ivy were professedly made, therefore they Night
to he repealed.
Upon the practical results of such a retail, we
• and a few *beer:rations. Armen frees the exp e.
iiriice of other countries. The great objection is,
th .1 in the trent of the repeal of these laws, usury
eill be cdttied on without any restriction; but in
114114,10, I.lxliburich, Diemen, sod tbs commercial
sown. upon the Rhine, mere are either no Usury
Lows, or they ate tvtt enforced; yet Mr. Route.