The British Press; or, Morning Literary Advertiser.
London, England, 1824-12-28 00:00:00

TIIE ESTATE OF MARSH, STRACEY, AND CO.

13th Sept. 1821.

Dr.
t a. d.

To acct. of dating
for cash ba-
lances . - 3133,170 210
To profit placed
to file account
of the different
Tanners, and
lent in the Wow
by them. far the
Tutposeof form.
tng a fund for
tnecing bad
debts - . 78,679 4 4

Cr.
t i. d.

By available as-
sets - - 3934133 13 4

463,70 7 2

To eveogo of so.

Ids -

66,671 6 6

By doubtful
debts 11.388 0 0
Bad 131.402 0 4
153,790 0 4

.062,6•18 IS 8 I £2152,623 13 8
By this account it will appear, that had the whole of the
assets of this house been available, the partners, after pay-
ing their creditors twenty shillings in the pound, would
hare withdrawn, and apportioned among themselves,
first—

The fund placed to thole aedit and raerved for ac-
cumulation, amounting to - - - £/3.579 • •

And occondl y
The creen f assets beyond claims, amounting to 60,674 6 6
Ilaklng a total sum to be divided, - £167,463 10.10

At this point of the analysis, it must immediately strike
the eye, that here is a rum of 58,8741. 65. 6d., found in the
house in the shape of bills, which have been discounted
for customers, or of bonds given by customers for money
lent by the house, which monies appear never to have been
placed to the debit of the cash account, and never, conse-
quently, to have been carried to the credit either of pert-
ners or of customers. They cannot have arisen from pro-
fits, for with these the account is already debited; they
cannot hsve, arisen from any increase in the value of the
securities in which the amount of the assets is comprised,
for the great mass of these consists of bills, bonds, and
money, which, from their nature, can only amount to
" value received ;" they must therefore, of necessity, bare
glided into the house through some secret and mys-
teriona channel, without ever finding their way into the
office books : and they must have glided in so opportunely,
as actually to have saved the house from bankruptcy ; for
it is quite clear, by the balance sheet, that it must have
stopped payment without this aid, the moment that
the bad debts attained the amount of 78,3791. 4s. ad., the
amount of the reserved fund. We now come to the
period when deficiencies are discovered, in sums formerly
paid into the house by different individuals, for the pur-
pose of being invested in Stock, or in Exchequer bills, and
deficiencies in Exchequer Bills which bad been deposited
in the house, and sold without the consent of the owner&
The amount of these claims is 169,979/. 13s. 9d. We
hare already shown, that more than the moiety of this
amount most, by some means, have been procured, to en-
able the house to take up the bad bills returned upon it,
and to replace the funds advanced upon bad bonds ; and
we must confess, that it appears to us quite conclusive,
that this relief can have been procured in no other way
than by a misapplication of these funds, as shown in
the balance sheet, to the amount of 88,8741. 6s. 6.1.
But it is evident that the parties to whom this sum be-
longed must have been credited in their banker's books
with the interest, as if it had been actually invested; and
this interest, it appears, has not been paid by the douse.
it must, therefore, have been pro►ided for by other funds,
bearing in their turn their own interest; and if this ax-
esss or • ssErs has been found in the house for any con-
siderable I/climb it must, during that period, have grown
as a charge against the house, at conspoand interest. If to
this he added any loss on compulsory investments, in con-
seTtence of a rise in the funds, in the interval of the
monies being paid into the house and of their investment,
we shall lie borne out in asserting, that the whole sum
charged against the house for non-invested stock and' Ex-
chequer Bills, as in balance-sheet No. 9, has been, by its
own showing, applied exclusively to its own uses. Under
this view of the case, we will offer to the consideration of
such cs may wish for further inquiry, the other "balance-
sheet," agreeing in its results with the second balance-sheet
of the partners :-
13th Sept. 1824.

Cr.
C. s. d.

By available as-
sets - 393,833 63

lly.. deficiency,
ansing from
diatom per con.
tra 233,89-4 7 7

TIIE BRITISH PRESS.

PARIS.

[FROM Ottl COIRLSPOYDZXV.I

PARIP, DEC. 21.
The KINCI.II speech st the opening of the Chambers has
produced, upon the whdle, an unfavourable impression. It
was delivered in that hesitating manner which manifested
that his MAJESTv's memory was occasionally not faithful to
its charge; his voice was feeble and his tone tremulous, he
however expressed with s degree of energy the passage in
which he hopes to have k courage et la.fermete neeesiaires
pour rcmplir ses deroirs: this point appeared to be the
signal for a round of applause. The speech consists of a
mere suite of professions which mean nothing, and from
which, therefore, nothing can be collected; it is even desti-
tute of those which might have been adroitly thrown into
i.. The gasconade of M. de Vi !argot, who protnises to
furnish eight hundred millions of francs for the emigrants,
without the expense to France of one single sons, is a
mauraise plaisasterie, which one should feel inclined to
laugh at, if the joke was not likely to be too costly. But
what has produced the worst effect, is the shy and eircera-
ous manner in which the Minister makes the Kira allude
to the aerie, and the marked caution with which that
word is avoided. Ills MAJUITY professes only to maintain
les lois de FEW et les institutions °Melees par Loris Xl7 11.
Thus there is no longer recognised a Constitution in
France—no hinger a fundamental system of public law, to
which the guardianship of the rights and freedom of the
people can be entrained; there remains merely des institu-
tions as under the click* regime. These institutions, for it
is thus theCharie is clewribed, are no more regarded than as
other laws of the State; nay, they are even subordinate, since
les lois de (Etat takes precedence in the order in which the
acts &replaced which the KING ought to swear to maintain
inviolate. And what are kr lois de I 'Elat, if not our civil
erodes, which have already undergone all sorts of modifica-
tions, and which there is an avowed intention to modify
and alter still more? Are not the law of elections the law for
recruiting the army, the law relating to the liberty of the
press, virtually annulled every, session ?
It is supposed that the law respecting marriage will not
be brought forward this Session: the reason is, those who
are engaged in drawing up this law have thought it neces-
sary to furnish some alternative for the citizen to whom the
clergy arbitrarily refuse the religious rites. This alterna-
tive cannot be given in the Conseil if Etat, which ought to
be occupied in matters of administration, and which has
already been offended by the Bishops. There remains
then only the Court Royale:. But the clergy openly de-
clare that they will not be subjected to any lay tribunal,
and that they prefer that the law be adjourned ; from this
we may infer that it will not be presented.
The indemnity of the emigrants at present occupies the
public attention. This partiality for the Nobility and
others who left France at the beginning of the Revolution,
is considered as a great injustice, as the greater number
who make their claims are persons criLli des dates, over
head and ears in bonds and mortgages at the time they
fled from their creditors, and who are, at a period of thirty
years, :o be restored to their property without incumbraneo,
while the thousands who never left France, but who were
ruined by being obliged to give their ready money for assig-
oats that at last,becante waste paper, and those whose pro-
perty was confiscated in consequence of being denounced as
eremies of the existing Government, and whose families
were plunged into ruin, &repassed over without the least
consideration ; though the latter are by far the more un-
fortunate, and deserve the more to be pitied, as they were
plundered by the Government during the reign of terror
and the ravages of the republic. Neither should it be for-
gotten how many tratlestuen were ruined by certain of the
Nobility, who, availing thetbselves of the Revolution for in-
volving themselves heavily in debt, emigrated without pav-
ing any one of their creditors, and who now call upon the
nation to restore them to their rank and property—prope-ty
that was mortgaged to its last acre, and many of the mort-
gagees of which passed under the guillotine.

The Argos (a Buenos Ayres paper) of the 17th Septem-
ber, received yesterday, states that just previous to going.
to press a report had reached that city of a arrond ball,:
between a part of Bolivar 's forces and those of Cantarac,
but no date or place is named. It is added, that on Boli-
var's advanced guard coming up with Cantarac's troops,
SOO of the latter instantly joined the Liberator, and fought
with him in an attaok upon their comrades. The result
was, that the whole of Cantarac's detachment was taken
or destroyed, four pieces of artillery were captured, a
Royalist General wounded and taken, and an immense
number of horses and mules captured. The same paper
states, that the Republican fleet Lad taken and destroyed
four vessels oft' Callan.

We yesterday received a file of the Garcia di Colombia
to the 18th of October, from which we learn that Nlr. H.
W. Quartel arrived at Bogota, on the Muth September, when
he delivered in his credent: als as l'otnntitotioncr from
the King of the Netherlands to the Colombian Govern-
ment. On the 29th he had an audience of the Vice
President, whom headdressed in • long speech. in which
lie expressed his Sovereign's desire " to establish corn-
mercialrelations between .Colombia and the Low Countries;
and his wish to remove all doubts, should any exist,
of his anxiety to be on the same footing with the Re-
public of Colombia, as Great Britain," which the Com-
missioner declares to be " a nation worthy of esteem."
He then announces that the King his master has com-
manded him to appoint Consuls to those ports of Co-
lombia where he may think them necessary. Persons sent
ofliciallv, or citizens of Colombia travelling, and ships
under that flag visiting the pans of the Ncther!atuls, are
assured of friendly reception, and a hype is expresso', for
a reciprocity of that conduct on the part of Colombia. Ile
expresses his high esteem f' it Bolivar, whom lie styles " the
Hero of the Southern Continent of America," and hopes
one day to see the man by whose talents and valour, the
chains of his countrymen have been broken, and by
whom they have been taught the " Sacred Rittlits of
Man." Ile assures the lice-President that he will
make such a report to his Government OR will
convince it that no anarchy prevails in Colombia, and
concludes by hoping for a general pear,, in ordt r to con-
solidate the power, riches, and happiness of Colombia.
The Vice President, in his mply, assures the Commis-
siener of the Netherlands, that it is the spirit and dctii'e of
Colombia to maintain friendly and commercial relations
with all the nations of the earth. As to the appointment
of Consuls, M. Quarrel would receive the necessary docu-
ments front the li:rectory of Sate for Et.rtirm Ati:Ors.

C 0 (.0 31U lA.—The Constilucioual of the 7th of
astober publishes the following official lettur, presented to
the Govennuent by Colonel llatnilton:—

(Translation from the Spanish.)
Foreign ()Hire, Oct.t. 10. ir2l.•
Sir—llia, Majesty the Kiag of the .7nitetl Kingdom of Greet
Britain and Ireland having determined to adopt such measures as
may eventually lead to the establishment of friendly relations sith
thillovemment of Col . tibia, has appointed Hamilton.
LieutenantA'olonel Camplicll, and James Henderson, Ills amti-
dential agents to execute this important mission.
Colonel Ilamiltott, who is at the head 4 the Commission, will
deliver to your Excellency this letter, and I bare to request that
entire credit may be given by the Hovernment of Colombia to what
be may represent in the name of his Majesty.
I have the honour to he. Sir,
Tent Excellency's most obedient humble servant.
GEORGE CANNING.
_ _

To his Excellency the Secretnry of
the tlovornincnt of ColotAiA.
• TE:s is evitl:ntly s tuieske fcr ir23.