The British Press; or, Morning Literary Advertiser.
London, England, 1818-12-12 00:00:00

E BRITT S II PRES S.

LONDON,
SATURDAY, DECEMBER 12, 818.

The Paris Papers of Tuesday have arrived, but
they are studiously silent upon the state of Lyons,
who:lsis the more remarkable, as the article from
that city, which had appeared in the Ikeiit:wr asid
Journal des Debuts, has not been copied by the
other Papers. IVe may therefore conclude that
the publication of it is not agreeable to the
Government. The resignation of M. Convert°,
and the uppointinent of M. Roy in Ins place, as •
Minister of Finance, is confirmed by the appear.
slice in the Meniteur of two Royal Ordinances,
one appointing the Sieur ROY Minister of Finance,
and the other recognizing the resignation of M.
CORYETTO, and nominating him a Minister of State
and a Meliber of the King's Privy Council. M.
CORYIETTO'S resignation is understood to be perfect-
ly voluntary, as he had tendered it to the KING on
two or three former occasions'. B Louts was
competitor with M. ROY fur the office ; but the
former is said, in private letters, to have overrated
his own importance, and ta• have proposed certain
conditions under which he desired to accept the
office, but which did not meet the approbation of
his MAJESTY. M. lidit is a Member of the Cham-
ber of Deputies.—Further changes in the Cabinet
are expected.
The French Funds have fallen again. The
5 per Cents. had mounted on Saturday to 69 f. 40 c.;
but on Monday they opened at 68 f. 75 c., fell
Iluritp4 the course of the day to 67 f., and filially
closed at 671. 20c. Bank Stock has likewise ex.
p,rieticed a decline. They had risen very rapidly
on Saturday, but on Monday they fell from 1,575 r.
to 1,567 f. 50 c. As if for the purpose of correct.
tug all evil impressioh that might be created by
this decline in the public funds, the Moniteter and
the Gnzitte de France contain elaborate articles
upon the principles of the credit of nations, and
purticularly referring to the public credit of Francs.
The writer in the Moniteur, argues, and very cor-
rectly. that a temporary fall in the prices of the
funds should not cause any diminution in the
public col,fialence, while there exist a manifest de.
termination on the part of the Government to fulfil
its engagements, and adequate means in the finan-
cial measures of the country to fulfil this limiourable
intention. fly thendiews,that the taxes of France are
so moderate, that the Minister has never been slimy-
pointed in his expectations—that the income more
than covers the expenditure, leaving a considerable
sum to perform the duty of u sinking fund—and,
coneequeinly, that no alarm can exist for the pay- !
ment, not oily of the interest of the debt, but I
of the principal. This article we have been in-
duced to insert among our extracts from the
Paris Papers. The writer in the Gazette de Femme
touches upon the same arguments; but alluding to
the recent and rapid decline in the price of the
funds, he attempts to explain it by a seeming pa-
radix, fur lie attributes it to the prospetity of the i
country. He says, "it is known that this year the
vintage has surpassed every expectation. The
quantity is nonsense, the quality superior. The
merchants, not willing to lose the opportunity of an L
advantageous speculation, collect their funds, and to
increase them will even burrow from the capitalist,
who lends his money at a higher rate of interest than
tan be obtained by inscriptions iu tile great book.
The money that ham been removed from Paris, for
the purpo.e of speculating in wines and brandies,l
is estimated at 10,000,000 franca"—and to this re-
moval of the money from the funds, and the mar-
ket of the capital, the fall in the prices of the funds
is attributed.

The Legislative Chambers comineuced their
sit-
ting► on Wednesday.

We have rec. ived I..i.+lnni Papers. from which
the following is an extract :

LisioN, No'EMBER 14.
Extract oP information sent by the Portuguese
Consul ut Gibraltar, dated Noveinlite 5

" From the loth to the '2oth of October, there
(bed of the plague iu the city of Tatm;:ers 13.1
per?,oot.; owl from she 21st of October to tke •2(1
Novembe►, Y.; ; consequently 407 death, to twenty
tiyo, with the retuarkuble difference of isear?y too.

- saellow

thirds more in the last ten days. The cot.tagiun
continued with the same fury in the environs of the
city, mid had communicated itself in the popula-
tion of Scila.—( Lisboa GOsette, November 35 J

We have received Frankfort Papers Is the 4111
inst. The &overtly or RUSSIA remained at Slut-
gout on the Ist. The Persian Ambassador Extra-
ordinary MIILZA ABDAH HASiAN CHAN, oil his
way to the Courts of Loudon and I).lris, was doily
expected at Vicuna on the 29th last.

A Treasury Paper of last evening contains the
following paragraph :

" There is no fonndation for the rumours with which the
city has been inundated this morning, respecting the with.
drawing of IL notes, and the issue of gold tokens. With
respect to the resumption of cash payments, nothing more
can he known from any authority beyond the discussions (hit
took place last Session of Parliament, which are known to
all our readers. The report of the issue of gold tokens is
altogether groundless. It gives us great pleasure, however,
to be enabled to assure our readers, that the Commissioners
for devising means for the prevention of forgeries on the
Omsk of England have bees most active in their inquiries,
and there is every reason to believe that their labonrs will
lead to the most satisfactory results."

The rumour must evidently have originated in
the anxious solicitude of the public to imagine
what device would be adopted by the Bank to oh.
viate the inconveniences that might naturally be
expected to arise—not from the recent acquittals

ut the Old Bailey, hut from the determination of
the Bank to withhold such evidence as alone ought
to lead to conviction. The progress, from surmise
in one person, to actual statement in another, is
obvious and natural ; but the character of this
rumour war such, that none acquainted with the
occurreuces oY s few late years, and the present
state of the currency, could have easily credited it.
Nothing could be more impolitic. under existing
circumstances, than a partial remission of the
Bank Restriction Act, while the price of gold
remains at its prevent eletoation. Were a few
millions of rovereigus issued from the Bank. they
would be instantly famed nut of cirenlation by the
paper currency, and the occurrences of the yeeir
1916 would be repeated in the total disappearance
of the sovereigns. The return to cash payments by
the Bank must he complete or not a'l, otherwise
the country will be put to the endless expeuse
of coining gold, which will be returned upon the
Bank its bullion, or exported to foreign markets,
and we shall he mocked by the semblance of a cash
currency, without eitjoyilig one of it. advantages.
Welearn with sincere pleasure that the Bank Di-
rectors have at letigth seriously considered the
means of checking the increase of the crime of
forgery, and that a new note will he soon issued.
It would seem that the late acquittals at the Old
Bailey have stimulated the exertions of these. Gen-
tlemen.

We yesterday alluded to en intended application
on the part of the Priori:tiers who have, ►n the present
Old Bailey Sessions. pleaded guilty to the minor
offence of knowingly having forged Bank notes in
their possession, for permis►ion to hr allowed by the
Court to revoke their plea, and pot themselves on
their trial for the offeoces with which, they stood
charged. This application has, we morlerstalitl,
been since made in the shape of a memorial to the
RECORDER, bald rejected. The Prisoners, it is
said, will not be allowed to revoke their former
plea, which subjects them to transportation, but
they were told that if they pleased they might bate
their Dial fur the capital of of otterilig forged
Bank notes, the indictment for whici, I‘ll,l ult.nothm-
ed on the part of the Batik, Noon their pleading
Guilty to the minor offence. The Prisoners, it is
also said, are determined, on Monday next, to put
themselves on their trial for the capital cl•Hrge,
notwithstanding tl►e plea of guilty to the minor of
which nine ►tauds recorded against them.

Yesterday a Court of Directors was held nt the
EAPt ludix Howse, when Captain W. flue% was
sworn into the command of the fillip Ihrelfrrelshire.
'rlie destination of the following ships weir thus
altered, viz.
Herrfor.lAire; Captain W. Hupe--trout Chios, to St. lie.,
lama,
General Rani*, Captain G. Wetsienit--friwu sr. tiefensj
Bombay, and China. to Priorre of Marx' lalmisol and China. •
Warren flaming% Capt. R. Rawes—from China, to Prism'
of Wales' t■land aunt China.
The AlOrtiois of Itly, of 1,457 tons, was taken
fur nue voyuge.inVhe Cuinpany',l service.

Oor Irtter from Dover, doted September 10
(Thursday), says —" Arrived !opt night from Crisis,
his Msjrsty's pocket King Getirge, Captain KING,.
%it!) Mr. PLANTA, Under Secretary „r Stair, and
10111 r other gentlemen, smocked to Lord CasTi.r,
REAGII.B ►uite. Sailed this morning for Cork, the
Integrity anti Fox transports, with horses and
troops destined fur Ireland."

A private letter from Paris, noticing the report
that Lord H*kftOWßY is to .accred Sir Cu*tu.►s
SIIJART, as British Ambassador at the Court of
France, adds, that the vatinicy in the British
Council, occasioned by the removal Of his Lordship,
trill be filled by Mr. PEEL, now in Patio. Should
this Gentleman and the Dole of IV ELLINGToN
color into office, it would, we leer, turn the scJle uI
our &tided Cabinet against the Catholics.

The Twitter, Capt. FELIX, was paid off on Thurs.
day, at Chatham.

On the 22d tilt. during a sale of some vines in one
of the ~,dol.os of the Commune f 1 nose of Ay, a
town near Epersidy, in Fraiir e, the lioorsoildeilly
gave wii),isii4l it great number 01 persons fell in con-
sequence into a cellar. No person wilt killed, but
45 were hurt, tever4l of them senously.

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