The British Press; or, Morning Literary Advertiser.
London, England, 1824-04-27 00:00:00

P2SIIIONABLE IXTELLIGENCR.

Lord Ellenborough gave an elegant entt
distingushed party, at his seat at Roelsampton.
Sir Ilumphry and Lady Davy have issued cards of invitation
for a party on the 2d of May, at their house in Grosvenor-street.
Earl Gower has issued cards of invitation for a dinner party on
the 3d of 31ay, at hi. Mouse in Hamilton-place.
Count Lieven entertained a distinguished party at dinner yester-
day, at Ashburnhano
Sir John Stanley, Bart., hal a grand dinner party yesterday. at
his house in Audley. square. l n the evening her Ladyship enter.
mined a large party of tile hail Inn.
The 31archioness of Kseter has arrived at her house in Privy
Gardena, front Ila seat at Roellanipton.
The Marquis of Exeter has arrived at Thomas's Hotel, Berkeley.
square, from Newmarket.
The Marquis of Lsnstlown arrived yesterday evening in town,
from Hastings, Sussex.
Lord Folkestone has left town for his father's (the Earl of
Radnor'.) seat, Lormford Emetic, Wilts.
Eurl (lower has arrived at his house in Hamilton-glace.
Lord leyrtedoch arrived yesterday at Warren's !lota, Regent.
street, front the 1100, Herts.
Baroness De Willoughby has arrived at her house, Whitehall,
from her new villa at Richmond.
Lord Melbourne arrived yesterday, at his house, Whitehall, from
Brighton.
Mr. and Lady Jane Neville have arrived at their house in Wilk:
pole. street.
The Marquis of Titchfield has returned to Welbeck, Nets,
from Lynn.
llndson,Esq., M.P., has arrived at his house in St. James's:
place, front Devonshee.
Mr. and Lady Ilanilyn Williams have arrived at Earl Forteseue's:
(irosvenor-square.
Earl Besbomugh has left town for his seat at Roeltsmoten.
Prince lasmold left town yesterday, for Elaremum.
Arrivals at Fenton's lintel, St. James's-street :—Sir Wm. Cock-
burn, Bart. from Bath; General air Robert. Bolton, Bar., from
his seat in Wilts; and Major Ursine, front Ireland. Departure:—
C. 1). 3P lama, Esq. for Scotland.
Colonel and Captain M'Lean have left Blake's lintel, jerniy,_
street, frie the Continent.
Lady Folkestone and 3lisa Eden arrived in town yesterday even-
ing, from Hastings.
Arrivals at Kirkham's Hotel, Lower Brook-street :__jrh Ed-
ward and Lady 3lostyn, Mr. and Lady Mary Singleton,
!)unda!, Esq. from Scotland ; and the kev. 3lr. Ettaistiaas, here
Notingharnshire.
Arrivals at the Roval Hotel, St. James's-street:—Lord and
Lady Rodney, irmit Newmarket; Sir James Wealtlerhunt. hum
the Continent; the Than of Hereford, front Hereford; and H.
Stewart, Esq. from Oxford. Departure:—'flue Rey. Mr. and
Mrs. Clark, for Windsor.
Arrivals at leong's lintel, Bond-street :—('olonel Connor, from
Spain; Colonel hardy, from Spain ; Sir James and Lady Wil-
limns, from Paris. I);partures:—Generel Blatchttool, fnrll'indsor;
David Anderson, for his scat, St. Genttain'a, FAintsurgh ; Cut.
and Mrs. Swinburne, for their seat, Doncaster; and Felix Racy,
Esq. for his seat, ('lower, Windsor.
Arrivals at Mivart's Hotel, Lower Brook-street:--L. B.
M'estern Esq., and Mn.ll'estern and family, from Ipswich. Suf.
folk; Thos. Staples, 12,4 q. and Mrs. S,3:,ICS and family, from
Dublin; the Misses Metcalfe, from Bury St. Edmund's; Count
Saharan and suite, front the Continent; the Rev. Sir Edward
Kynaston, and the Misses Kynaston and family, front Rishy, Bury
St, Erlinuitd's, Suffolk ; leord Blaney, from a tour; the her. Dr.
and Mrs. Butler, from Harrow; ('hurler White, Esq. aid She.
White, from Forest Lodge, Bracknell, Berks.

yesterday to a

THE RICARDO LECTURES.

WILLIS'S ROOMS (YESTERDAY.)
LECTURE VII-MONEY..

In the earliest stages of society some one article of uniretral
use and demand must have been referred to for the purpesse of
estimating the value of articles bartered or sold. Homer men-
tioned the armour of Diomede as worth ten oxen, while that of
of tilaucus was worth one hundred oxen. Corn. salt, fish, flee.
came to be used in this manner in various countries, at dilfeteix
times. But such a medium of exchange was liable to decay ;
it was too bulky to be conveyed from place to ;dace. and it was
too variable in its value. Gold and silver were therefore adopted,
as possessing solidity of texture, to preserve them from decay,
value enough to make them easily transportable,and pennan.ocs of
exchangeable price. it was not the arbitrary choice of society, but
their real titn,ss for a medium of exchange, which introduced tine
use of the precious metals. At first gold and silver were exchanged
according to their weight. Thus Abraham wets said in the Sacred
Writings to have weighed so many shekels of silver to the sons of
Beth for a piece of ground. But the weighing and assaying con-
sumed much time and labour in every instance of baiter or c.a.
change ; it liecsote therefore necessary to mark pieces or geld add
silver, as being of certain aacertaineel weight and fineness. yin-
age saved useless and unproductive labour in weighing and assay-
ing, and facilitated productive labour, by furnishing a ready and
ascertained commodity for exchange.
Mr. M'Culloch then showed that coin could not be called the
sirs or the IllellSH Er of value: a Ilatek.note might be considered
the sign of the value which it represented. A sovereign was no
more the measure ot. the value of two bushels than two bushels
were of the value of a sovereign.
He proceeded then to explain the laws which regulated the ex-
chargeable value of the precious metals. Their exchanges.ble
value was to be cousidered in two views. First, when there w. s a
free competition in bringing them to market ; and, secondly, wheo
there was a monopoly, and the supply was limited. lo the ev,,e
case their exchangeable value was regulated, as that of other cm.
modities, by the cost of production. The labour of mining and
rendering the metals nierketable constituted their exchangcatie
value. This value was increased or dintinislied,according to.he skill
or machinery used or not used in working the mimes. But if there
was a monopoly of the precious metals, the value was increased cc
diminished as the supply was greater or less. Supposing the CU!.
limey of this country were fifty millions, it was quite evident that,
if the commodities fur which this currency was exchangeable sere
doubled, the value of the metals would also be doubled. In no.
nopoly, therefore, the exchangeable value was inversely as the
supply. This important view of the exchangeable value was fad
established by the great work of Mr. Ricardo.
It was usual to charge what was called seigniorage upon coin,
that wax, a price for the expense of coinage. If the currency of
this country were fifty millions of gold sovereigns, this charge at
10 per cent. would be five millions. The tear and wear, and looses
by shipwrecks, fire, &c., would require an annual importation of
one million. To avoid these heavy charges, a substitute was in-
I troduced. Paper was found the fittest and the best substitute.
Writing was early used as a sure record of money claimed or due.
This record of a debt by a man of great opulent e and undoubted
I solvency would he received as equivalent to the ructicy of which it
was the evidoice.
' Mr. 3I'CU I. LOC!t here gave a full explacation of the origin and

nature of banking.
Ile intimated that in his next lecture he would finish this sub-
ject by explainirg the means by which paper currency cuuld le
duly limited.
Among the disciples of political economy this morning, we ob-
served the Het•. Ldward Irving, of ('ruse-strret celebrity.

Lady Cochrane and suite arrived at Congdon's Hotel en
Wednesday evening, from Falmouth, where they slept,
and the following day went on for London.—Ereter Paper.
Yesterday the Earl of l'owis gave a grand dinskr.
Amongst those peesent were—
The Eat' of Coventry, Earl of Oxford, Earl of Essex, Lord
Foleyt bond Clive, Lord Harley, Lord Rodney, Lard Deerhust,
Sir It atkin William Wynn, Sir Charter Morgar, Mr. R. Payne
Knight, Mr. Folty. Mr. Ilneey Rodney, Mr. lianbory Itateman,
Mr. W. Clive, Major Edwards, Captain iYatling and Captain
ICape.
In the evening the Countess had a rout, which was nume-
rously attended.
MEETING or THI: CATHOLIC CLEIWT.—The Catholic
Clergy of the city of Dublir. assembled yesterday, and
passed a series of resolutions d,claratory of the practice in
cases of Catholic burials in l'rotcstant church-yards, in the
metropolis, timing the last forty years. Thi resolutions
are drawn up with all the mildness and tempt ranee which
so well become the sacred character of Christian Ministers,
and are remarkable for a cautious and highly commendable
abstinence from a single phrase or Et iltiment which could
give offence to any human beiag.—DuL/in frerniax's
Jwirmil of Saturday. .

.....
Leotert. 1) FA I P A P.—A very curious rerort relative
to ■ tragedian, and the lady of a cert:iin City Alderman,
has now become the t-pic of mystical cunversation. We
shall not, in flu• pressnt state of tlit• affair, give to the cir-
cumstance " a local habitation and a name," but content
ourselves with noticing the occurrence after the manner in
which it has been eminnunicated La us. It is said them
that the tragedian being en tams of intimate intercourse
with the family of the Ahlta man, was thought by his lady
to be " a marvellous proper man." On one of his morn-
ing visits, the luckless votary of Melpomene was found (rot
in the study of the worthy Alderman, or in the audience-
parlour) but " capering, nimbly in the lady's cliander
and this discovery was made by no less a personage than
the Alderman himself! The tragedian fled, vociferating,
'• A horse, a horse, my Ins! ins for a horse," and in a pa-
nic—more terrible than that created by the ghosts of King
Henry, Queen Anne, and the Young Princes, it was not
until ht• arrived at a friend's residence, that—" Richard
was himself again." Fearing that "he had done some-
thing that looks thsgracious in the City's eye," the untiw-
Mate gentleman, we understand, meditates leaving town,
in the hope that absence, and a change of scene, may " ad-
minister to a mind diseased," and reconcile domestic dif-
ferences in another quarter.—Sentlay Monitor.
Saturday morning, two children, of the name of Isaacs,
were unforionatily knocked down and run over by a huckster's
cart, on the Hard• Ponsea, by which one of them died imme-
diately, and the other wan so severay iujurcd that it lice ins 6.-
germs state. No fault is attributable to the. driver : they were he-
sitating while crossing the street, and were under the wheels of the
' cart before the siw then.

A it

tper
we
Ii
ir

3f
rhich 1

I that
tin ;
n

Pl. al
Ird to t
nce of
agai

g,.14
,; In n

LtioLs
topicg,
oself of
lied Ito
`ork.

of that prepostemus
prevented the
did suppose that, in
the name subject. in
of ibe whole. Irtir I
able to endure—l w
Ilause—but an wino%
male plunged iu the I,
to breathe, to gratify
philosophers 01 iiitx!ci
will not be adopted ;
up his motion with o
rut the actual criocry
the per diem allowarc
when I first had the lo
end still think, as a
too hisdt.

"It the prevent .14,
in Congress, great leJ
have been well de•oto,
tat tuenthers of tho•ae
how can se expert to
man to attend here:?
for vo many months,
hear nothing but the
Sir, to worry the IA
Trove that. front ar
tronrress, the per diet
the allowance for tract
iU utiles tray-Ding.
The question was tt
carried.

----
Randolph moN
`• ReNolved, That f
re diem allowance of
for grey twenty

Tht,reeoltitten he
lice that he should cal

Th, quern inn trine
envied—Ayes, CO;

to tilt senate, S
thi f:rininiigeim-ine of
for the onnipletion of
ineorp rate' he Brn,k
Inc viore:e the We.,
third tin e end missed

Th.. ;tills to inmrp
Connt• Bank wpre pa.
A ilia was untie. rc
the llclaware and flu
capital stock of the
and giving them bani

Advises are receise
continued oyentocke.l
The emigration or
ga•red in trade, was r
blarksmiths. batten
would do well, partil
and industrious app
: 1
procured.
General Rodtigues
such. bnt it was rein
wasin Cameras. and
f the departments of
=des had resigned 1
General Pau was in
next Ility.
A Goveremrrt r
Robert. K. Lowry, r
fur the port of lJtctut
As; Au:ma'am.-
dim. irform us that
the Mediterranean. a
fell in with two frig
owl ordered her to ha
rat. which was dont
by their turbans and
were very polite, and
file of smants. whit
settee of a venerable
.1 a cushioned sofa. II
than the commander
mon-place questions i
. &e. by th. numerous
Plenty of prorisions r
• with pleasure supply
; lag us a good passe*
Ilia coolie. it 'apt. 13;
In the brig :31orr
Sunday. came pann
United States from ft
• eiss:ile Adrerrur
11a.5:.11..-3'he sc
clays from Cue:lee.
Zorr;use arrived at Pt
j• Ti k onsequente of a y
k. of Para wen dread
~. day. The Governor
I and a schooner, for tl
wider the French lb
Para is a worn and
,
• tbsuarnd.—Bul,; wor
' MAXILLA.— .• fr
Spanish. from Maud
mewl of the Philipt
tlio troops, kit:ad-4 h 3
ut insurrection, it•iat
of Spain; but • hey
Ruiz, with 21 of the
Bertrov, 314 rds 2t

PISMOVTFI, At
Congreve. Bart. au
visit to his eons)
quite recovered frt
vented him front it
hat itigi give•
dine with him at t
a great number sa
dinner; a profusit
was on the table ;
whole was in exec
were ringing mar
his arrival. Sir 1'
mouth this evenin

The following
Bui-htnan empire:
in two oval portii
arc lighted at the
Lift; the other by
crndl:• which first
fa!:ely, and of cot

New ovalar:
)osy lass we
tiate dates up to ti
the new Tar
• usively, the &Rem
MI is not to
ccted to rise bei
w Companies ant
ay across the Atl:
for two new I
t Companies, an
om Pam contain • el
aggeration. Tilt
hem will be found
n the subject of
• embers of Coup-
The debate yeatenis
Revision of the Tariff
be continued to-day.
made, which is to d
phetber the debate w
• we cannot say.
easure are not such.
• cowries. If the ft
ink the Dili will pa,
e could see any p•
ing, many matters of
Wives, which 1
110i'SE
Mr. Allen called u
days since, respecting
consider it—Ayes 44,
Mr. Randolph obsvf
and he thought that
• intend to rely on the
/ house, should go Pomo
Member from Massie
until it should ob:air
The protracted Sessimf
tied could take plac:
fraught with incalcula
lic service au importer
Liters the Speaker i
tote out of order, ina
Resolution.]
Mr. R. observed that
by making a motion ;
Mr. Taylor Om ins
eleven rechtek. R. Pl. a
Which he adverted to t
jurious cimsev. nee to
Mr. Itandolpti agai
liberty which the gent
take himself, but in n
lug some observ.itiors
selection of his topics,
nut availing hi.uselt °I
rience—(he wished lo
man from New York.