The Sun.
London, England, 1822-06-12 00:00:00

[Extract of a Letter from Jacquemcl, 1.1

" The embargo still continues here at present; there is no
prospect of its being taken off: Various are the reports for the
cause, but none of them can be depend..d upon. The Ame:i.
can Consul has not yet returned from the Cape. An English
sloop of war touched here on the 2d of April, and reported that
the Governor of Jamaica had issued a Proclamation prohibit-
ing all trade between that island and St. Domingo. There are
American Vessels here ready for sea-30 at Port-au-Prince, 32
at the Cape, and 20 at Aux Cayes."

Mr. WESTERN last night brought forward his
motion respecting the supposed alteration of the
currency produced by Mr. PEEL'S Bill. The
debate, after Mr. WESTERN, Mr. HusEissoN,
and Lord A.. HAMILTON, had addressed the
House, was adjourned to this day. The subject
of the Government currency, as being only a
part of the aggregate medium of exchange, and
the true causes of the existing depreciation of
almost all kinds of produce, are not yet under-
stood. Mr. IltysmssoN very ably replied to most
of the arguments and positions of Mr. WESTERN;
but there is one which has not yet been adverted
to, though it is exceedingly plausible, and the
inference drawn, from it wears the semblance of
so much accuracy, that it it well calculated to
mislead most minds. We allude to the assump-
tion that prosperity, uniformly follows the in-
creased abundance of the currency,— an as-
fumption whiCh Mr. WESTERN endeavours to
sustain by the prosperous condition of this-coun-
try during the great influx and depreciation of
the precious metals which followed the opening
of the American mines, and during the con-
tinuation, in later times, of the Bank. Restriction.
According to this hypothesis, however, Spain,
which received ;.he first glut of the precious
metals from her Transatlantic possessions, out ht to
have become more prosperous and wealthy than any
other country in Europe. But every one knows
that, on the contrary, the effect produced upon
her was the relaxation of her industry, and the
decline of her power and greatness ! A bene-
ficial stimulus, it is true, was given to the in-
dustry of England because, unlike Spain, she
could not obtain any portion of the produce of
the American mines, without giving an equivalent
in the products of her own industry in exchangefor
them. In common with the rest 'of the civilized
world:England was animated by a passionate desire
for the attainment of the precious metals. That
desire could not be gratified but by the production
and transferof exchangeable commodies.The eater-

tion of her productive inductry, therefore, and
the facility which exists of procuring gold and sil-
ver in exchange for the products of that industry,
caused the influx of the gold and silver. The in tro-
duction of the precious metals was not the ex-
citing cause of her productive industry and wealth.
The desire of possessing the precious metals
was the exciting cause of her increased industry ;
and the increased exertion of productive in-
dustry not only enabled her to obtain the precious
metals, but increased her real wealth and pro-
moted her general prosperity.—fu like manner,
the abundance of paper currency during the
Bank Restriction was not caused by the restric-
tion; but by the extraordinary demand for the
products of industry occasioned by the war.

We have given in another part of our Paper
as account of a Meeting which took place yes-
terday at Maidstone, for the purpose of consider-
ing of a Petition to Parliament on the distressed
state of the Country, and the defective represen-
tation of the People. It cannot be denied that
the Meeting consisted of the most respectable
characters in the County of Kent, but as far as con-
cereed the main object of the Meeting, or which
ought to have been the main object of the Meeting,
viz. the relief of Agricultural distress, it was lost
amidst the speeches of the several orators pre-
sent, on the subjects of Parliamentary Reform,
reduction of taxes, abolition of sinecure places,
&c. • &c. The Petition proposed by Mr.
FOOTE, was certainly not couched in such
language as was calculated to receive the ap-
probation of the iifouse of, Commons, as it
stated that the distress complained of " arose out
of the extravagant waste of public money sanc-
tioned by your Honourable House." It was pro-
posed that, to lessen the public burthens, we
should reduce our establishments at home and
abroad, both Civil and M:';te ev, Whether such
a measure would be prudent ,:he present state
of Europe, we leave to the good sense of the
country to determine. We have not room to en-
ter at large into the nature of the Meeting alto-
gether at present. Mr. COBBETT may be con-
sidered as the hero of the day, and received'
some compliments from Lord DARNLEY, who,
however, objected to his proposed amendment ;
but the Noble Lord, with sarcastic :slyness, made
a drawback on his eulogitten upon Mr. COBBETT,
observing, that " he, as an honest , man, was of
opinion that people were bound to pay their pub-
lic and private debts as long as they were able."
Mr. COBBETT could not avoid considering this
observation of his Lordship as a reference to Mr.
COBBETT'S Letter to Sir FRANCIS BOIDETT, lfi
which he told the Baronet that it was optional
whether he should pay what he owed to the Ba-
ronet, after he had effectually provided for him-
self and his family. Sir -EDWARD KNATCH-
BULL spoke with the manly spirit of a British
country Gentleman, regretting that the Agri-
cultural Distress and the question of Parlia-
mentary ReforM had been mixed up together ;
agreeing, in some points and differing on others
from the general sentiments and doctrines of the.
Meeting. It should be added, for the honour
of the Meeting, that the speakers it general were
heard with respectful attention, and the Meet-
ing thereby Materially differing from others of
the same kind, which have so often been dis-
turbed and disgraced by the violence of Party.

Last night, at half-past twelve o'clock, his
MAJESTY arrived at his Palace, in Pall-mall,
from Windsor.

Yesterday the Duke of YORK held a Levee as
Commander in Chief, at his Office in the Morse Guards, which
was attended by the Marquis of Lothian, Marquis of Bute,
Earl of Ashburnharni Lord Combermere, Sir George Nugent,
General Gascoyne, Sir Henry Fane, Sir R. Donkin, Sir John
Murray, Sir Hudson Lowe, Sit R. 0. Callaghan. Generals
Walker, Orde, Reynardson, Gordon, Mainter, Sir William
Ceckburn, Eden, and a great number of other Officers.
Letters from. New Orleans, dated 26th April,
mention that Gen. WniuNsoN had left that
place foi Vera Cruz, on a mission to Mexico>
from the American G6ernrnent.

The Commercial Messenger who brought the
last intelligence respecting. the Debates in the
Cortes, on the proposed Spanish Loan, we un-
derstand, arrived in the short space of five days
and a half from Madrid, at the House of Messrs.
BARING in the City.

In our account of the Dinner given on Satur-
day last to Viscount SIDItIOUTH, on his retire-
ment from office, by the Gentlemen of the LIGHT
HORSE. VOLUNTEERS, which we took from a
Morning Paper, it was erroneously. stated that
the Duke of iro a was In the Chair ; bat we
find that COI. BOSANQUET, was the Chairman,
supported on his right by his Royal Highness,
and on the left by the Duke of WELLINGTON.
ROBERT HARRY SPARICS, Esq., tominated at
the lost Court of Aldermen to serve the office of Sheriff for the
year ensuing, has paid hia tine into the Chamber to be excused
serving the said office.

A charity sermon was preached last Sunday.
by the Rev. Mr. ARCHER, at the chapel of his
Excellency the Bavarian Ambassador, in War-
wick street, for the relief of the suffering Irish
peasantry, and we are happy to hear that the
sum of 137/.lls. was then cotlected.—We should
wish to hear of charity sermons being preached
in all the chapels in London for the same bene-
volent purpose, as many then would : have an
opportunity of subscribing their mite, which they •
think Would be too small to send to the general
Compaittee.—(Morning Paper.)