The National Register.
London, England, 1811-08-04 00:00:00

ThE NATIONAL REGISTER.

*recovery. In the mean while, the Cressy succeeded in cutting
off another gun-boat, No. 15.
(Signed) FALSE :N.
On board the Cressy, at anchor off
Wingoe, July 1-0, ;811.
His Majesty, while he laments the fate of his brave seamen,
nevertheless feeds gratified in acknowledging the great bravery
which they displayed in thi,, action, and in testifying to Lieut.
Pilsen his approbation of his good conduct, of which he had •
before given distinguished proofs.
By order of his Majesty,
Castle of Fredericsberg, July 16,1811. (Signed) BULOV'.

COPENHAGEN, J IS IG.-A French privateer has lately taken
two English vessels laden w ith coffee, runt, mahogany, and log-
wood. One of these vessels has been carried into Clnit.tiansand,
and the other into Drontheini.

PAIMPOL, JULY 22.—The privateer Turbulent, of St. Mato,
brought in yesterday, an armed English schooner of t-4: tons,
from Messina to Jersey, laden with sulphur and almonds; it
was captured near Star Point. The schooner did not surrender
till after a welt contested engagement, in whi,b the English Cap-
tain, his mate, and one of his seamen, were severely wounded.
The French had only one man hurt by a spt ut ball; but their
rigging and sails were riddled by pals, bullets, and grenades.
The English defended themselves bravely, and both the victors
And vanquished deserve every praise.
ANVI WERP, JULY 23.—There have entered this port since
. July 12, sixteen vessels laden with cotton-wool, lcaf-tobacco,
coffee, sugar, potash, and mahogany.
PARIS, JULY 25.—His Majesty this day condescended to sign,
at the Palace of St. Cloud, the contract of marriage between the
eziator Count Abrial and Mademoiselle Abrial.
PAArs, 31:N 6.—By letters from the Southern Departments,
We learn, that the coasting trade is much more safe and active
than in former years. We no longer see English ships on the
coast ; and we begin to send by sea, merchandize destined to
Leghorn, Naples, &c. The Sicilian cruizers dare not approach
our coasts. Marseilles keeps up commercial relations wi,ll the
ports of Barbary, and does something in the I.evant trade. 'lite
grand fleet is still at Toulon, and performs evolutions. The
greatest activity reigns in the docks—new :ships of the line are
builtimg. The chief force of the English is near Minorca.—
There have been but few ships for these two months at Messi-
na. The greater part of the British troops have left Sicily.
PARIS, JULY 29.—There is a strong report in circulation of
the death of the King of England.

48

fered• a sufficient and durable guarantee of her friendship, and
that the SpAniards and PertugueAe, under the present cn-cutn-
suttees, cannot rely upon the constant support of the British'
Government.

.Aucsaution, Juror IB.—The fluctuations 'Which the publ:c
funds of differenr countries of Europe experience—the stability
of those of France, amidst this gsneral agitation of the commer.
cial world—are questions which stsonaly occupy the attention
of our writers on political economy. There are some who as-
cribe these fluctuations of public credit to the interruption of
maritime commerce ; but how can a variable effect, like the
rise and fail of the public flids, depend upon a fixed and per-
manent.cause? Why should France, which, like other nations;
isileprived of maritime commerce, enjoy a more steady credit?
The true origin of these fluctoations must be sou lit fur in the
vicious financial organization of monarchies in oilier respects
powerful and prosperous. None of them have been able to get
rid of the obatacl, s opposed to a gooJ system of taxation, by
the privileges of root, and the constitutions of particular pro-
shoes; nor to bimplify the mode of collecting to:as, and the
system of public accounts. Hence it happens, that Govern-
ments pove•sid of immense territorial resojirces sometimes do
not know how to find funds for their current expenses; and
more frequently still, are vite igoorant whether they have or
have not wherewith to cover the outgoings of the year: hence
the naccssity of paper money. But in the emlasitui of this re-
presentative sib;, what guarantee can a State hold out which
never accurately knows iTs resources, and which is not certain
of being able to render them available at a given moment ? It
s nit surprising, that in such a state of things, public credit
varies according to the agitations of the public mind • conse-
quently, it depends on the coo:bloat:to:3 of a crowd of stock-
jobbers, too capsrt in exciting sudden alarms end groundless
Notoing of (Lis sort can ii.fluence the public credit
of a monarchy wl4ch possesses a wellsorganised system of
finance.
Such is the case with France; and if we wish to know why
the public funds of that cosniry do not experience those sudden
chatiaes, which so cruelly liosoird both the fostimes of indivi-
duals, and the very existence of families, it is it: the Exiwilion
of Cu? vote of the finimets qf the Frtptre that we shall find the
honourable cause. On reading this Exposition, we are still hos
struck by the greatness of the resources of the empire, than by
their unfailing. certainty ; we are not hew.' (no d, as in tlit
English budgets, by incalculable sums; we are tranquillized
the proofs of a seem:: ititurity. We there see an Empire thre.l
timos more populous than the Britisla rai•ing annually a
sum equal only to half of what Englond expends —a sum, how--
ever, niore thao sufficient fur the maintenance of its armies and
fleets, and for the expenses of so mow/ useful and magnificent
works : we learn that this sum is raised upon a principle of just
equality, on all the provinces of the sinoire, and on all the
branches of the income of individuals. mirst thence be
convinced, that this burthen, considered as a svhole, is still
much less than the nation could Sear; while, considered in re-;
gard to its distribution, it does not press more hisaally on one
class or on one part of the empire'thm on others.
At the same time we romatk; with what a happy equality
these public revenues flow back, by the annual t xpendizure, to
all the corners of that vast Monsrehy. The diilerent branches
of administration—the courts of
.I'os:ice—the public woks—the
institutions for education,—boing distributed over the whole
surface of the empire upon aiaumform principle, the sums ex•
pended by the State circulate eqnal:y through the whole empire.
When we aid to these advaotages that ef a simple and expedi-s
tious mode of collection, and a prompt and clear mode of ace
count, we have the idea of a perfect system of finance, or,
what amounts to the same thisg, of the system of the finances
of France. Such an order of things banishes every idea of
those extraordinary and violent measures to which a State
without finances has recourse—measures whish endanger the
fortunes of individuals, or at least render them uncertain.
Hence no alarms, no fluctuations : the sesnrity, solidity, and
order which reian in the finances of the State, by excluding.all
the speculations of stock-jobbing, or circumscribing them within
narrow li.uits, oblige by a salutary re-action, individisals, and
particularly merchants, to introduce in like.manner order ant
solidity into their commercial transactirms. It is to this aflianc
of public credit with the credit of individuals, that the Paris
course of exchange owes the advantage of being more steady
, I and sure than that of London, or any other commercial place.

Suchet (say the French Papers) after a:. capture of Tarra-
gona, repaired to Barcelona, by way of Villa Franca and Villa
Nova; from thence he marched towards the IVlontserrat, whi-
ther Campoverde has retired.
A daughter of Lucien Buonaparte, it is said, Is shortly to be
sarried to a Mr. Charltoni it young gentleman pf eons:ale/at*
anded property.