The British Press; or, Morning Literary Advertiser.
London, England, 1810-09-22 00:00:00

?BERCI! RP:2lrAmpt BULLION REPrPT:T

extract the subjoined remarks from the
Jostled de I' F:sipire, on the correspoardiitg para-
graphs in the 11r.oirt of the liullion Committri.:—
" A general time anti prices. a tier is the market price of
r 11, owl a fitti of thr f-reip Exchanmes, will he th- effect
g,f %reidlivejiitisutity of 4 icristat:ng tnediu:n ins counti y
whirls his adopted a currency not exportable to othei rt,on-
tries. or not cbi.ret filth- at will into a Coin which is expott-
ahlt"."—R-70,1 nt Smaiss Ce.asittee, pc ^r S. •
will excite laughter on the Continent
to perrtire that the Emma Loudon could indulge
an ersotieout opinion on a question of such on Lie-
Inviter, nature!.
England has a paper-money ; for • Bunk note.
which cannot he exchanged at pleasure and at all
times for grill. is in run'ity paper-money. It it
atiOl..ient to castosue's eyes over the different States
s.f Europe. to be able to judge of the effects of
riper-osoney. The effect of it is, to cause gold to
be.mouglic after. sod wholly to disappear.
Money is only the representative sign of a certain
portion of income ; no Stole requires more titan a
certain quantity; and when that quantity is ex-
emultd, the sign is depreciated in proportion to its
issue.

Is France. we had aseignsts. These were for some
time at par. becoust• they were receivable in pay-
ment for the purchase of national domains. the
sales of which were carried on with great activity.
Dunn; the time that the isesigatats supported their
value. they did not obtain this credit,* because
the .pledge war solid, and equal to the quantity
ofassigiusts issued; bat because• the sale of nil-
timial domains was organised, and a great deal Of
them were sold. which gave proportionate em-
ployment to the asaigosts; but when the issues
were anginemed, the depr.•eiation became pro4res.-
sirt;.
.Trvir denveciati .n did no' arise .from this,
that the pl bas no lontrr equal in valoe to the
quantity of aisiguata i•sne,l; but simply to the ra-
pidity of sales, which bore no longer a proportion
to the quantity issued. The assigiest was then de-
preciated in proportion to the aoginetnation of the
numerical gnnotity, iis such a way. that ellen se-
veral thonsatal oidlien's were issued, they 14 longer
had a grr iter %liar than as mine hundreds uf
which represented the income of France for
•ne ) eat .
. • . . . .

In Austria, it has been observed that the value of
their paper money 'wet% exactly in proportion to the
quanti,y issued ; so that when they exceeded 300
millions of florins, which were the sasoont neressery
for the circulation of Austria, what was issued be-
yowl that sum suffered a proportionete loss. Thuds
when t hey. thift We million• of paper in circulation,
the paper was ut a discount of 60 per cent. When
there were )0q millions, it was at a discount of 100
per cent, and successively is the sense progression..
The r ttuc of the injects which it represented re-
tnaiued still she saute,
Theisen ohee►totiou may be made as to Ronda.
England is at the commencement of the depre-
ciation of her paper, currency: The observatiou
npulies uls.i to hir. In proportion as her paper
mosey is augmented. ia• value decreases; it now
1.440 13 and twenty per tent. of its value ; soil if
the. lista continue to issue paper money, that is,
if 41 coritiuos its discou.its, it is evident that the
paper must soon be at a loss of 100 per cent.

• -Accordiag to the bast judeininst your Consmittatt bus
bes#eplblert to form, no sollirirat remedy for tke.preseet, or 11
trecurify for th, future, eta be pointed out, except the repeal
of tba lar eb tit suspends the cash pavineots oltbo Bask of
Um!lltutd." Baud of Dallies Contains*, p. si..
P01e..--Tlie Committee reasons jostle. Alt men
vibe, bees reflected ou the subject think, with it,
that a Busk :ore ought Myer to be paper-money ;
that is,' paper which you are obliged to take ; thee
it ought not to remaiu a Bank note, but when it
cab be exchanged et pleasure for money; that the
Lei of Parlillloeut which made it unnecessary for
the Binilvto pay in specie, created a paper-me.
'bey; need that the remedy is to reader it cottverti.
• bile for cash,
lint hub 'll4 Committee well reflected on whet
will happen when Bank noses ere exchanged, et
sight, for money ? The notes which are deprecialing
will come to be exchanged. They have not celeu-
leted, that the mass of notes being diminished by a
third, which will go to be exchanged for money,
ioijspu.ing the treasure of the Bank sufficient to
pay this third, the Bank itself will be parrlyzed,
and unable to discount for a long time: But
what will be the fate of the Commerce of Eng-
lafid, if it ceases to enjoy the essistance or
discounts? The Bank, even at present, discounts
more than it v•lshet, because it is pressed by the
wants of commerce ; because comma rce hes an
immense quantity of goods, :* it has no
mirket. The encumbered state ut the English
warehouses obliges the merchant to apply to the
BPak for discounts. If the Bank continues to give
diecnunts on Bulb; of Exchange for this property.
iiietead of diminishing its paper is circulation, it
must augment it. If it does not augment it, one
110( of the merchants must stop payment. and .will
only be able to pay their creditors with hogsheads
of engar. with coffee, kilie goods, &c. lii the CM-
Lorfacetl state of her commerce with the Conti-
rientq England having no other relief bnt the Bank
discoui.t.. the very day when the Bank shall he
tigerl let pay in specie. The presserc of the B. ilia
sad Milan 13,:crees will be felt in ell itsforer.

STATE LOTTERY will bogin turd
fiuish'IMUIVING the igthuf NEXT MONT/I.

H 3

BEITI

S H FR

E, SS:

LONIX0;
SATURDAY. Smerslinza 22.

A report has heel' ropagated, nu the alleged
atithar,ty of a letter froin Optato,rteeiverl at Leer-
poet fr.an Dublin, swing that a geueial acliop
ha l taken place hetetteit the Crawl Armies on the

frontiers of l'ortugal,in winch Lord Wt1.1.11:070N,
after a moat gallant resistanee„ was obliged 4o fall
back. Wt have Letters and Paper* of Monday
last front Dublin, and of Wednesday front Liver-
pool, all of which are sileut on this *object. We
may, therefore, tom:lade, that the report is desti-
. tute of fiundatioo.

The 'depreciations oldie Ladrones appear to have
ceased nearly altogether : thee are said to have de-
livered themselves tip; and a fleet cif drPO sail pro-
ceeding to Chum pee for that purpose, was passed
by the Bombay ships Ilene/man, Byranagore, and
Cornwallis. which had arrived at pombay, troll
China, previous to the sailing of the ship Ckarles
Grassi.

We ,gave yesteril:iy the substance of Mr. It tN•
DLE Jamison's speech at the Bank of England
Meeting on Thlirsday.--This Gelitleimi,. we be-
lieve, is the organ of d large portion cf 'the Batik
Proprietors, and from this circumstance his acne
timems derive additional interest. The Report of
the Bullion Committee, tie contends; is wrong
is all its points. The increased issue of Bank
Paper since the restriction on payments in specie,
he maintains, ling not been excessive, as the Bank
issues were generally aboOt fourteen millions, and
they have since been averaged at about twenty
Millions; an increase erste millions to meet en in-
crease of fifty millions in the commerce of .the
country since 17')7; while of these twenty millions
of Notes in ciitulaiion, the.pnblic owe the Bank
eighteen so that if the public think the
Bank it,ues or the Bunk institution an evil, they
may put up end to it in twenty-foor hours, by pay-
ing it the eiAhteeu millions. The other two, ne-
cessary to discharge all the Notes, could he ready
raised by the Bank Prot:einem in an
Another material puintconilmted by Mr. Jacasev,
is the alleged depreciation of B. Notes, whieh,
he mientsons, cannot be wee, as font; as 1051. in
Bank Notes can purchase iv the market as much
of the necessaries of life as ton guineas.—The ad-
vance in site necessaries of life,' he contends, does
not proceed from the issue of Bank Notes, but the

ilicrt,fted ialueofConntryßanklilotes, to treble the.

Ihruier_amount, which, not beiog o secuce, the.
seller raise. his pries in proportion to the risk he runs:
Mr. J.►tb+ub contbeles his argument by asserting,.

that to take off the restriction upon payments in
specie at ti:' end of two year.. as proposed 1.1)
the Bullion Committee, would he of the g rra te.t

detriment to our Cnniniercial Interests. And the
same opinion is advanced in some comments upon
that fteport„which we have eittradted from a Paris
Paper. This Paper does not hesitate to prophesy,
that "the very day whew the Binh shall be obliged
to pay in specie, the pressure of tke MOM and
Milan Deena will be felt in all hs force."

By a letter received irttm au o,fficerla India, we
understand a wood Experliti .n is fitting ont, mtn-
ttibtiog of thy ,'6th, 69th, Vieth, 80th, 84th, 86th, and
pare of the Oth. Regiments of Foot, with 3,000
Sepoys ; they are to rentlesvotks at the Island of
Madagascar, and when joined by troops from the
"Cape, are to proceed ag:tinfit the Isle of France.

Letters were on Thursday received from the coast
of Fiance, Unclosing the copy of a circular of Cott x
De Susie, Director-General of the Customs. of
France, to the inferior 016i.wrs of the Revenue. It
is dated from Paris, Sepifritilier 9th, and comtnniii-
rates instructions relative to the executiois of a De-
cree, not yet received in London, bearing date from
Sr. Cloud, the 31.1 of August, which, we are in.
formed, orders that certain vessels, with licencee,
shall be allowed to import into France viirtouv ar-
ticles of Colonial produce enumerated, on condition
that they shall export from Fronee, grain, meal, oil,
wine, and brandy, of a value equal to the cargo so
imported from Great Britain.
The directions are extreme-ly complicated and
prolix. In order to ascertein with prevision that l
the extort rod import cargoes are of the some vi-
lair, it is provided that accounts current shall he
kept of theWeerth of each of them, by the C eivtoiii-
house Agents at the respective ports from which the
vessels shall take their departure. The ships ob.
twining the licences are to commence their voyages
from Prance, and export • cargo previous to Blair
appearance with • loading from a foreign port.
If the value of the import shell exceed' that -la the
export cargo by one-third, the one-third * to be
of wed in enirepot until exports to•thet extent shall
be made. whicis being done. the parties are lobe
entitled to the release of the one-third soTh 6i:repo
lin;l.l.' are to lie given by the merchants in France,
for the *wee.. of UP- import above that of the export
rrom Praute so deposit NI eittreput. Enuh ship
coma employed is to 1,,: furnished with • certificate,
and other (urinal dortments, from the Colima-
' 11...ustfp velar of the export and return

cargoes ; and if fraud ot.colltision shall be disco•
vered in any ofibe documents thus Israel& d. tier
cargo is to be .abject to seizure and tesisfisrutsuan
"Itiringiter clf the resael st near St!, sliagkitit
last (at thet tune svlsobtd to be the JorsO:in
sequence of an nar wishing on shore with thit i eine
on at). is 'Estlm As Oxvors. his body haring beNis
washi d on .:ore near Peubstow ; nod by the Lill Qf
sundriee isiunil in his poeltvt, for the ure or the =lii
company, toe followisig are suppossd to Le van
of the er

y viz.

M.Clyro, AoJrcw, Lawson, J. ll'iccler,
Eura4,lnr likraumolorr, John Crow, -F. Cantratrr,
Joules Marry, owl Juhu WhiLe.
There 14 little duttl►t bat the *Lame resrel via the
Grenada, Capt. T. Oven*. from Cretans.

stcrday morm..gt Gentral'Utav CY and Capt.
Mantua left 1...W1dt/flit. 'for Plymouth, to embark
for Cadiz to join the .irrity.:
A GeatlemAu, has wilhilt these few d ya sr;
rived from Bowden's. and who resided there a
considerable tithe. informs us, that at least to the
number 50,0:11) men had lately marched from
tucodr t.*,trAt.lll lisp/1111e, to reinforce the French
ar-ies u. Ow peninsula.
Tbecomottinication with Malaga has been greatly.
interrupted since the occupation of *at port by ths
hen •li, and many misrepresentations have beer.
made from accounts oa insufficient authority. A
lett .r on Thursdny ream to our hands from thence,
dated the cod of July. in which it is said that no
new d omits itail.been Imposed sitter the French con-
troul there; hut it was supposed that the enemy
would av:il himself of such a source or re.vesair; as
n0;31 an l!e• could do so with any prtispeet of adton-
tage; No further enatrtbutmiss had, been recently
demanded: The Voles in garrison enu:larted theft-
selSes tt ith strict disciplium and no tire Kroierai a¢-
probation of the inhabitants.
sSnine Spanish Other'
had. 10441 sent froin.Cadia to the oeighbonrbond of
Marbells, a few leignia to the west of Melee, to
organize the patriotic peasantry in that vtiriouly.—
We have inforinatiow from a most respectable quar-
ter. that $O,OOO steno of anus are itnonedisiety to
be sent to Simin, the half to lisUieia, and the re.
mainder to Valenta' and Catalonia:

Oes the 271 h of last roggldj. an experiment was
m %de oh theSeinie, at Paria.imith a•snachine called
a hydrostat, in presence of lens Commissioners ep.
pointed by the Ooverninene, and a great eanconnie
of apectaters, who were highly gratified by the .I[-
11P:item. The ratifl*.4f the experiment prawn,.
Masa diver shot upruin:bine can remain un-11
der water at pleasure, gull with the help .f pincers,
call pick up things ut the bottom of the water. °
.• ,en
The hydrostat 414,040 mm mode of copper. in-
the shaven( a deep ellittket. into which a man is
introduce 1 ; it is theo hermetically elsteed by, a
cover in the sinit;o of a hi, or it...liner. 'which films
the tipper extrionity ; in the front and bat k • ports
of the top. two piceva of glie.it are Ilse) for the ail-
misoion of light; in the tutclille the ttilws sue fixed.
one for the introduction of nir, menthe r for the ex.
ptilsion of it, and the thir.l is used a; a'porte coin
for the interchange:Of sikei-h. Toe nfaculavons
of the angles or flexures of • tle.s hydeoetet are per.
feetly mm ige.ble, and tots' bowls of ~,r diva. are •
covered with leather. in the form of Nes.
The 9.0 tinder orders for L'sbon. wait
the *meal in the Doyens of the troop ships from
fflet Highland Rektinent. from
Ashford. is mentioned as likely to replace the.92d.
iu his trick. et Canterbury.., •

Lord COCHRAN and 'hie brother' have been at
Btirlsjoa, and ou the Jd nit. s-t out for Lisbon.
It has been Irtely sag. vsted to he intention of
Government .to discontinue the practice of transt
portation 10 thornily Bar. This determination, if
true, may possibly have been founded on the foil
lowing passage in the unth Deport of the Select
Committee, published in the year 1179 S . •

" It may item be worth Wink", ;Moodier the advantages
looked fur from this establishhitent winy.tiot be sileperiart
"non its weakness nod whether, as it 'masks, elisadvassa
lagoons in point of 'finance, it will not be apt to grew kW
advantageous in the character of an itistroinent of pollee?.
The more thriving the µAilment, the more frmseuteil; tbs -
more frequent 41, the less the diffirtilti of return ;-the more
Chriviug, km, the ens terrible To ptio4,ollll townie eirenat-.
mance*, to Krim)* who otherwise would have beepaliimestai
to emigrate, it um) lose its.teivors altogether especial', if
by WASIty or other nitwits the servitude be avoidable. TNis
lncvnrruncare WWI already become sensible in the instance of
Ile commiratirely old plaatesheolonies. Manny, though in-
nocent, wrist Oilier, voluntarily, tern at the pries of servi-
tude ; while others, mailer the notion of punishment, were
mist thither fur their crimes; ao that while to gam. the
emigration remains a paaishineet. to others • it ratty became
au adventure; but a punishment should he the were UM*
to all misuse, nod at all times."

On Monday lust, an Inquest was held at Canter.
!mitt. by T14.)N141 il•11110,1D. E. Ou the. body of
Ws. C t+lPatl.L, of the 13i1 Light Dragoons, who
died suddenly in the Military Hospital on Snottily
night,— Fite deceased was of a family of great re-
speetahility, and a rommitsi,oed officer in the miry ;
but: in an imprudent manner. had culited iiyto tie
:IA Light Dragoons, fans which Regiment he ate,
Neonatal aeon alter; in a state of intumeation. He
wan the same illy taken at Boughton ; was the
n. at morning (Sunday) tried, amtinsinediately
with four hundred lastrs; the serenity of
which tary•mneh affected hi. wind ;be had, bow-
ever, almost tecotered from • the effects' of his
niini.hment. when his death suddenly happened.
Under cirquins•ances so suspicious, and liable to
'awe ;.r. i-id.atieti, it was deemed necessary to sum-
moo a Jury, to ascertain the -cause of his death.
Alter a view of the hotly, they ptoteecfill to etc:
amine the S•iiti Surgeon, who hid attended the
deceased; and he deposed, that be was certain
the punishmeat was not the catue of his death.—
I Tpon bring mutation's' to the probable cause
of the mans death, he could not tube upon
himself to decide, ea he bar not opened the
body. The Jury, wishing for further infinite-
tOm, adjourned to the next day; and .resittestott
Mr. DueltrtsiSareirows-44 Castethory, to attend
with the itillitary Surgeon, iod °pea thelitely
which they did. and-fnund the stomatketui bowels
in a perfect Mole; hut, Kinsi,eainntoing. thit.head.
they found the blood coagulated on the lira; at:d
had nut the least doubt Aiiit that his deadlVelfl
eat/M.IIM be an apoplectic dt.--The Jars, fdfly
*moil al with this opinion, debuted a ye rtlicUm.
1111 vie.( hy the Vrsitatiose of God.