The Sun.
London, England, 1822-05-02 00:00:00

DESTRESS IN IRELAND.

TO THE EDITOR OF THE SUN.
Sin,--I am most truly happy to be able to inform you, from
thei best authority, than an Acting Committee (consisting of
.13 persons of the highest respectability in the Empire) is now
*Tined. Their object is " the relief of the suffering inhabi-
tants of Ireland, and to save them from starvation. J. H.
3litchell, Esq. No. 18, Queen-square, Bloomsbury, has been
appointed Secretary, and the following Bankers will receive
whatever subscriptions may he offered :—Messrs. Coutts and
; Ilaminersky and Co. ; Ilerries and Farquhar ; Marsh
and Stracey ; Ransom and Co.; Puget and Bainbridge.
llf, Sir, you will do me the favour to give this pleasing in-
telligence publicity, through the medium of your paper, every
liberal Editor in England, Ireland, and Scotland, will be happy
(I doubt not) to do the same in their's. Every banking-house
!.11 the United Kingdom will follow the example so laudably set
.10Y the six highly respectable houses already named, and every
individual possessing humanity, and the ability, will gladly
contribute. I have the honour to be,
Sir, your most obedient,
H UGH DOHERTY.
144, Jermyn-street, St. James's, April 30, 1822.

ERRATA in Yesterday's Surf, Page 3, Col. 2.—The para-
graphs beginning with " The higher order of merchants,"
FMending with " CoUnt de Wittgenstein," should be with-
la quotation marks, as they are a continuation of the pre-
ceding extract from Vienna.

PRICE OF STOCKS
'ruts n t Y AT ONE O'CLOCK.
Bank Stock
per Cent. Red. 031:1 237 Bank Long Ann l9ial
77iii India Stock
3per Cent. Cons. 7tral India Bonds .555. 535.
Per Cent.
4 Per Cent / °ld 944# Excheq. 8i115... 1 pr. par 3 pr.
5 New 9si Bank for Cons. Act 937
, Per Cent. Navy Ann. 102 i i-I Cons. for Account 78iii
' ?er Cents. 1797

tank Stock PRICE OF IRISH
?W. Deb. 31 per cent 88}
(-I'3t°clc, 3A per. ct. 88124
„'"°v. Deb. 4 per cent.
'°v. Deb. 5 per cent of
toc, 5 per ent.... 2
~4easuS k
ry Bills p
5 cer cent.l —2
uity Debentures, 5 per
cent
Lying in Hospital 4 per ct —
Exchange on Lon,

STOCK, APRIL 29.
I Grand Canal Loan, 4 p.ct.
Ditto 6► per cent. ...71ii
Ditto Stock
IRoyal Canal Stock
Wide-street Cert. 6 per ct.
Do. Deb. with Gov. Sec —

Pipe Water Deb. 5 per ct.
6 per cent. 4?
Ballast Office Govt. Sec.

5 per cent.
lon, April 29, Bi.

41Gli WATER AT LONDW
--n•Llng, 0 minutes after 1. 1

BRIDGE TO-MORROW.
Evening, 24 minutes after 1.

THE SUN.

SOLEM QUIS DICERE FALSUM AUDEAT ?

LONDON,
THURSDAY, MAY 2, 1822.

We have received the Paris Papers of Mon-
ay, and Hamburgh Journals to the 26th ult.
from
' which we give extracts in another column.
at will be seen that the French Funds on Mon-
-4Y experienced a considerable fall, owing to re-
ports of intelligence of a very warlike nature
Laving been received both from the Austrian and
Russian Capitals. The answer of the Porte had
reached St. Petersburg, and tho' the determination
Of the Emperor, was not known, yet every one ex-
pected an immediate declaration of war. The Berlin
Gazette, however, affirms that M. de TATISCIIEF
hasD sent a new modified Ultimatum to the Reis
"Wendi. Supposing this statement to be cor-
Dect, we doubt much whether Russia has not
g"e so far as to put it out of her power to
tiler such reduced terms as can be acceded
th° bY the Porte. The effect of such a step on
e part of Russia would, we think, only
steugthen the war-party in Turkey, and make
the
Porte rise in its demands, or rather not to
grant a single concession.
eh he news from Spain is not of a favourable
t aracter, but it should be observed they come
t° us through French journals which are adverse
the dominant party in Spain.

We hesitate not to pronounce the scheme of the
tie 1-I,43NcErzoa of the EXCHEQUER, for converting
e millions of pensions, allowances, &c. de-
t;troinable on lives, into annuities of two millions
til'ght hundred thousand pounds, determinable at
-n end of forty-five years, as one of the wisest
11; u most beneficial financial operations ever de-
vised in this or any other country. It will have
all the theoretical advantages of a reduction
: taxes, to the amount, in the first year, of
svii,° millions two hundred thousand pounds,
a4llGiut any of the practical advantages of
- reduction of expenditure. Though the con-
rniption of the articles which will thus be
the from the taxes that now enhance
the
'r Price will be facilitated, the condition of
,', consumers, and their power of availing 'them-
selves of the diminished prices, will in no respect
e Changed. There must, therefore, be an im-
lllediate increase of comfort to the people, an
almediate stimulus to the further production,
and to the more extensive diffusion of wealth,
Witeuever the plan is put into practice. The
o tILY circumstance to be regretted is, the limited
Scale to which the measure is, perhaps, hecessa-
ofY confined. If the principle he susceptible
co further application, it will go far towards
"'lnteracting some of the causes which now de-
Press the public prosperity. When, as in ordi-
barY cases, the reduction of taxes is accompanied
~,c)Y. a reduction of expenditure, it is obvious that
,ar InanY persons are deprived of their income, or
difficulty
thrown out of their employments, that the
forts
of consuming the necessaries and corn-
:rts of lif
e arising from the sudden poverty of
su Part of the people, is more than equal to the
cons advantage of that cheapness, which is
autalsequent upon the diminution of the taxes;
that therefore more evil than benefit
patio as been abundantly exemplified by the con-
e of this country since the
conclusion of the
gar), flows from the execution of those projects
abieconomy, the, prosecution of which is so agree-
at to the peopi_,
le but the real effects of which
th: /ittle understood. Thus, the reduction of
effeci Five Per Cents, has enabled Ministers to
view:, a diminution of the Malt Tax ; and at first
of r suPPosing this measure to have the result
er_ during the price of beer, it would appear that
behestauction of the tax was entirely calculated to
eall classes of the people. 'But, (mark the
P°:lsequence)—the numerous holders of the
rCents.have lost a portion of their income ;
'lei'. own
Pend le, comforts are diminished. They ex-
3erv__ -s money upon tradesmen of all kinds,
&c. than they did formerly ; and these
theiriv turn necessarily expend less for goods,