The Sun.
London, England, 1824-04-01 00:00:00

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Alorning, 42 minun

THE SUN.

OLRAI QUI.4 DIOERE FALSUM drIDEAT

LONDON,
THURSDAY. APRIL 1, 1824

Royal Highness was pleased to observe, that his Hon. Friend
was a man whose active life was devoted to the cause of cha-
thb There was scarcely an Institution of value in London—
Qt least, many valuable Institutions would be found to be as-
sisted and supported by the benevolence and the activity of
theii Treasurer—(Applause.)—As Treasurer to the Freetna-
' INts' Female Charity, the conduct of his Hon. Friend was de-
aerving of the highest tribute of applause. He therefore pro-
Posed his health--(Applause.)—[This toast was received with
Aoud and animated cheers.]
Mr. Aceeeteests returned thanks. He said that there was
no Merit on his part; exertion on behalf of the present Charity
• 'NM but the bare performance of a duty—a duty which no man
';_f Proper feeling could forget. If he could flatter himself that
"e was, in any degree, entitled to any portion of the praise
Which his oal Hihess was pleased to bestw upon im—
.4l he felt aRy g n
n impulse in the cause of charity,o he might truly
say, that the principles which he imbibed in that Society which
ne ad the honour to address, had first awakened it.
The TREASURER next proceeded to read the Report.
the collection for the evening amounted to 6601.
liis ROYAL HIGHNESS next proposed the 44 Health of
the Marchioness of Hastings," which was drank with great
.enthusiasm.
The next toast was, " The Marquess of Hastings."
ilie Royer, HIGHNESS, on proposing this toast, took the
°Pportunity of paying a handsome tribute to the public and
'private virtues of the Noble Marquis. lie had been for a great
i!ianY years the friend, the advocate, and the protector of this
useful Charity: his private virtues it was unnecessary to dwell
~ th
‘Ph, for they were acknowledged on all hands. The Noble Mar-
-176, as a public man, had served his King and his country
1
wisdom, bravery, and integrity—qualities which be-
. to to his character, and which he never failed to display.
--4-he health of the Noble 3larquis was drank with great
altlaut,e.
The " Health of the Stewards" having, been proposed,
Colonel TYNTE Provincial Grand Master for Somerset, as
ei3Oentlernan e
`2 he of the Stewards,' returned thanks. The Hon. and Gallant
(whose conduct and manners, during the whole
' urge of the entertainment, appeared to be highly gratifying
i"i the company), returned thanks in a short but elegant speech.
wieedwelt on the advantages of the Charity—upon the interest
it",ch it was capable of exciting in every generous mind—for
of
the cause of young and unfriended females—the objects
lipcommon sympathy. The Hon. Gentleman observed, that
would always feel most happy to do all in his power to pro-
Ite the success of the Institution.—(Applause.)
.14,0118 Royer. IIiGHNEss next proposed " The health of the
11,7„tes-" Ile took that opportunity of pointing out to every
tCaer who might hear or read the Report of his words, that
I. .e. .tuse which he pleaded was the cause of the poor un-
erlended female, who was taught by nature to look up in sor-
ii)111 and affliction to the sympathy of their own sex. He hoped
, 4t female benevolence would be active in the sacred cause of
:irovale charity. The health of the Ladies having been received
that applause, his Royal Highness took occasion to observe,
etet "8 the Ladies had retired from the Gallery, he felt it Ile-
;—sal-7 to follow them.—(A laugh.)—He did not wish to allude
:1_ p. ers on a 1 infirmities, but he could assure the company that
e did not feel well ; he had, notwithstanding, been actively
Zillaged duringto take
wanid. eaa
numberve of the whole of the day, and he begged _
Hie Royal Highness, accompanied by the Stewards
other Gentlemen, then left the room, as he
emetic cheers,.
lked down the room he was received with the most enthu-
His R I Highness bowed respectfully to the
eonmany as he passed•oya g
• After the Duke of Sussex retired, Colonel Tynte was unani-
Inously called to the Chair. The Ilonourable Gentleman, on
taking the Chair, was received with loud cheers.
, After silence was restored, Colonel TYNTE proposed " the
health of his Royal highness the Duke of Sussex," which was
drank with great lause.
• The Gallant COLONEL next proposed " the health of his
'hared
. the Duke of Leinster, Grand blaster of the Ledge in
rrelan"--( Appl.)
An Hon. GENTLE ausemax next rose and proposed " the health
of the Chairman, Colonel Tynte.,, He said, that to those who
ek,new the Hon. Gentleman, it would be needless to dwell on
his amiable qualities, his gentlemanlike manners, his honour-
able conduct in every relation in private life—(Applause.)—
' the Honourable Colonel was an English Gentleman in every
sense of the word. In private, he was a finished Gentleman—
ll' Public life, he acted according to the dictates of a free and
honest mind.
The health of the Colonel was received with great enthu-
l'aem. The Honourable Gentleman, in returning thanks, said
that he did not expect to be honoured by so flattering a mark
of the esteem of the company. Ile felt grateful for the man-
her in which his health had been proposed and received.—
The Honourable Gentleman, in a strain of feeling and manly
eloquence, recommended the Charity to the support of all pre-
sent, and sat down amid the warm cheers of the company.
• In the course of the evening, several volunteer songs were
-liven by private gentlemen.
Ur. Crew sane-' Love's yon Dream,' in a manner which
*lned down the applause of the whole Company. The evening
.wao spent in the utmost harmony and good humour.
...

*its Fur Mr. OWEN'S ADDRESS, see the Fourth Page.

dank THIS DAY AT rTWOo'cr.ocK.
Stock
3 shut India Stock shut
. per Cent. Red. shut India Bonds 82s. 84s.
Per Cent. Cons. 94Ai South Sea Stock
per Cent. shit Old Annuities
4 Per Cent. .Old shut Ex. Bills 4B
4 b., New lo7il Ditto Small
. Cents. 1797
.r
Bank for Act. 246
hank Longn
shut India for Con. Acct.
• AlnP• 3 per Cents. Cons. for Acct. 94lfli

P.."ICE or FOREIGN STOCKS ix LONDON, APRIL 1,
AT ONE O'CLOCK.
Preach f Five per Cents. 103.
1 Scrip, 16i pm.
Pussiax
Six per Cents. 00.
1
Five per Cents. (Metallic) 00.
Ditto New 97.
Five per Cent. Bonds, 98f.
Scrip, 16. prem.
SPltuisl
Five per Cent. Bonds, 1820, 00.
' Ditto 1821, 18k.
Ditto 1823, 17.
Pm • s Five per Cent. Bonds, 1001.
( Ditto New, 98g.
Portuguese f Bonds, 94j.
Danish
. l Scrip, 7/.
Five per Cent. Bonds, 100 k.
Chili Scrip, 00.
82i.
Colom 11 bia Six. per Cent. Bonds, 68i.
Greek
Mexican Scrip, 7i prem.
2i[dis.
Alliance Insurance Shares--17.
Bank Shares £24 Os. Od.
Seven per Cent. 95.
American Six per Cent. 94-102.
Five per Cent. 100-102.
Three per Cent. 77.
—...

r LONDON BRIDGE TO-MORROW
es after 3. Evening, 59 minutes after 3.

The following are the only articles of import-
•ance in the Paris Papers of Monday
(Prom the Canstitutionnel.)
"lIAMBURGU, MARCH 20.—Letters from Pe-
tersburgh say, that the communication has been
for some time very active between that capital
and General Termaloff, the Governor of the
provinces of Caucasus, who is charged with the
direction of an important negotiation carrying on
with Persia, the object of which is, to bring
about a perfect accordance between the policy
of Russia and that of Persia. General Termaloff
i 3 in uninterrupted communication with the Courts
of Teheran, and Persian and Russian agents Pan
constantly between him and the Shah, but in the
Whole business the greatest secrecy is preserved.

All which is known is, that Russia has succeeded
apparently in re-acquiring at Teheran the influ-
ence she had lost, and that the Councils of Eng-
land are no longer listened to ; we must now wait
for the changes this will produce, which will pro-
bably be important."

( From the Journal des Debats.)

" PARIS, MAncti 29.—They write from Mar-
seilles, dated March 25, that as soon as France
heard Algiers had declared war against Spain,
the Hermione frigate, with the Torche corvette,
were sent with dispatches to the Consul at. Al-
giers. France offered its mediation to settle the
differences, and declared that she would not per-
mit Algerine vessels to molest the trade of Spain,
as long as his Majesty found it necessary, for the
sake of security, to keep his troops in Spain.
The business has been settled provisionally, and
the Ilermione has already landed at Carthagena
some Spaniards who had been captured by the
Algerines. This is another service it is our good
fortune to have conferred on Spain.

• " We hare ;eceived from Brest the following
letter For some time past tome of the Journals of the capital
seem to have endeavoured to pervert every fact which has oc-
curred, whenever they have spoken of our maritime operations.
One describes an expedition as setting out for the Havannah,
and which is to proceed from there to South America, and se-
veral vessels are described as equipping at Bayonne ; others, it
is said, are to be immediately built. Another Journalist
launches two ships of the line at Bordeaux. Nothing is more
ridiculous than these assertions, or more unfounded than the
conjectures which they cause. There is neither a Royal arsenal
nor dock-yard at Bourdeaux. The harbour of Bayonne, obstruct-
ed by a bar, over which large vessels cannot pass, is only fit for
equipping small merchant vessels, with which these sages would
undertake the conquest of America. As for the expedition pro-
ceeding to the Havannah, it has no other t'xistence but in the
imaginations of the Journalists, or of their correspondents.
Our port is at present the only one of the kingdom where any
vessels are fitting out ; and their destination, which is no secret
here, has no other object than to reinforce the several stations
weakened by the Spanish war, and to furnish convoys to French
merchant vessels for their return to Europe. People must hare
a strange idea of naval matters, to believe that with a few frigates
and brigs, sent one after another, any expedition of importance
can be undertaken.• "

Gyre, Twelve o'clock.—Consols opened this
morning at 94ig for the Account, went up to 941-1
and for Money 94H, with little business doing.
I am informed that an Express has arrived from
Paris this morning, bringing the Rentes at
103f.70c.—Spanish Bonds are said to have come
lower. There are no further accounts this morn-
ing concerning the reported affair at Algiers be-
tween an English and a French frigate.
Fottncx MAILIENT.—Owing to the belief that
FIRDINAND VII. is determined not to sanction
the Old Spanish Loan, the Old Spanish Bonds
are gradually sinking : they opened at and
have gone down One per Cent. The new Al-
lance Shares keep steady at 161 to 16-I.—Greek
Scrip has lowered again.

In our preceding columns our Readers will
find part of the long list of Stamp Duties upon
Law I'roceeding3, which are to be repealed in
pursuamcm of a Resolution of the House of Com-
mons. We regret, that, with our utmost exer-
tion, we are obliged to defer the insertion of the
remainder of the list till to-morrow.

The attention of • Financiers and Political
Economists has been excited by a scheme which
Mr. BlucKwoon has submitted to Government,
and to the leading Members of both Houses of
Parliament, for superseding the present Sinking
Fund,—for effecting, by a series of great finan-
cial operations, an actual reduction of the prin-
cipal of the public debt to the amount of about
150,000,0001., without deteriorating the inte-
rests of the Fund-holders,—and for enabling the
Legislature to remit about seven millions of an-
nual taxes. Mr. BnlcKwoon's plan will be in
some measure understood from the subjoined
extract from his printed proposals. After stat-
ing, that, if the same operations had been effected
before the 3 per cents. were at 75, it would have
been only necessary to make the proposed New
5 per Cent Stock irredeemblo for thirty years,
he goes on to say—

But, in consequence of the advance that has taken place in
the price of 3 per cents, which also increases theduration of the
3 per cent, debt, it becomes necessary to raise the value of the
proposed New 5 per Cent. Stock, by making it irredeemable for,
probably, sixty years, instead of thirty, in order to induce the
stockholders to consent to the exchange. Such a Stock would
be worth, probably, 140/. per cent. in the market. It would be
ultimately paid off at par. Every 100/. of such Stock would
be equal in value to 1551. 11s. of 3 per cents, at -90.
And as this amount of 3 per cents would, when converted into
1001. of New 5 per Cents yield an annuity of Si., this would be
equal to 31. 4s. 3d. annuity, instead of 31., for every 1001. of
3 per Cents. The 500 millions of 3 per Cents. would, in such
case, be paid off by about 321 millions of New 5 per Cents.._
And the New 5 per Cents. would be ultimately paid off by
321 millions of money. Thus saving 179 millions of money.
The annual interest on the 321 millions of New 5 per Cents.
would be - £16,050,000

The present interest on 500 millions of 3 per
Cents. is - . - . - 15,000,000

Increase of interest - - - £1,050,000
If from the saving, estimated at - £179,000,000
the present value of the additional annual inte-
rest as a perpetual annuity of 1,050,000/. be de-
ducted, which according to Dr. Price's Tables,
and the present market rate of interest 3i per
cent. is - . - x,999,550

There would be actually gained by the State,
about - - - - - £149,000,450

Should the New 5 per Cent. Stock be deemed worth 1451.
per cent. every 1001. of such Stock would be equal in value to
1611. 2s. 2d. of 3 per cents. at 90. And this amount of 3 per

cents. when converted ito 1004 of New. 4 per Cents. would
yield an annuity of Si. which would be equal to 31. 2s annuity,
instead of 31. upon every 1001. of 3 per cents. The 500 mil-
lions of 3 per cents. would then be paid off by about 310
millions of New 5 per Cents. And the New 5 per Cents. would
be ultimately paid off by 310 millions of money. Thus saving
190 millions of money. The annual interest on the 310 mil.
lions of New 5 per Cents. would be - - £15,500,000
The present interest on 500 millions of 3 per cents 15,000,000

Increase of interest - - - _ £500,000
If from the saving estimated at .. - 9 0,000,00 I)
the present value of the additional annuel inte-
rest as a perpetual annuity of 5,000,0(101. be
deducted, which according to Dr. Price's Ta-
bles, and the present market rate of interest,
3i per cent. is . . - - _ - 14,285,700

Then there would be actually gained by the State
about • - - - £175,714,300

Thus, according to the firsh hypothesis, the stockholder
would gain an additional annuity of four Hinge and three-
pencean additional annuity of two shillings : but, in truth, both the
priceoffo rt
he every
New
loso It.o
Stock
kf
3 per cents exchanged. In the second,
and the 3 per cents might be rated, in
the transaction, as to
Produce such an additional annuity as
might induce the stockholder to consent to the exchange, con-
sidering other inducements which will be obvious to him.
As the reducing the national debt in one year, by such an
operation, would accomplish
a greater redemption of debt than
the existing mode of purchasing Stock by the Sinking Fund
will probably accomplish in more than thirty years, the pro-
posed measure, without the slightest violation of public faith,
might be substituted for the operations of the Sinking Fund ;
and the purchase of Stock in the market might be discontinued,
without, in the smallest degree, injuring public credit ; espe-
cially, as by such discontinuance of the operations of the Sink-
ing Fund, taxes and imposts might be immediately repealed to
-r
the extent of at least - 4,000,000
After appropriating for the increase of Interest 1,00,000

And although these two itims amount to £5,050,000
This still falls short of the existing surplus of revenue beyond
expenditure, now constituting the efficient Sinking Fund, which
exceeds five millions per annum.
And, as at present, the public are not to expect any further
material relief from taxes, for years to, come, should the unex-
pected and considerable remission of taxes take place, which
might be accomplished by the proposed measure; the relief
bestowed upon every branch of national industry, and the pub-
lic in general, would, it may beexpected, so augment the power
of consumption in all ranks of the people, that both the increase of
consumption and of population would naturally render the re-
maining taxes more anti more productive; and, therefore, al-
though a Sinking Fund of any fixed amount were discontinued,
there would undoubtedly arise yearly, some surplus of revenue
beyond expenditure, and it would annually increase during
the continuance of peace, which might, nevertheless, be ap-
plied towards the redemption of the National Debt, both with
the approbation and to the satisfaction of the public.
Mr. BNICKWOOD has long been distinguished
for his commercial knowledge and financial acu-
nwn. If the calculations of his present scheme
are sound, they are certainly entitled to the
most serious consideration.

Beside more than 53,0001. per annum, charges of manage-
ment on debt thus redeemed.

Yesterday a B,lllot was taken at the East India
lloase for the determination of the follo►ving
question, viz.:—

" That application be made to Parliament, in the present
Session, for the Repeal of the 4Rth Clause of the Act of the
53d of George 111. cap. 1.55, by which the Court of Directors is
prohibited from sending to India, in the capacity of a Writer,
any person who shall not have resided during four Terms at the
Haileybury College."
At six o'clock the Glasses were closed and de-
livered to the Scrutineers, who reported the num.
bers to be, viz.:—

Nor the Question - - - - 272
Against the Question - - - 400
Majority against the Question - -128

The Duchess of KIM; the Duchess of Gr.ou-
CESTER, and tl►e Princess SoettlA, paid a visit to
the Princess AUGUSTA yesterday.

The Earl of Ct.s AaTY visited the Marchio-
ness of LONDONDIzatIT yesterday,
zic
Yesterday afteraoon, soon after four o'clock, a
Cabinet Council was held at the residence of the
Earl of LivEaroor., Whitehall, which was at-
tended by all the Cabinet Ministers, with the
exception of the LORDCHANCRLI,on and Viscount
SIDMOUTII. The Cabinet broke up at six o'clock.
The Earl of LtrEnPoot, was a little better
yesterday.

ORATORIO AT DRURY-I-ANN.—Th. great
press of more important topics will, we trust,
apologize for our giving Only a brief and general
report of last night's performance at Drury-Lane.
All that oar spate will at present permit us to
with
rapture to the attractive voices
Plendid and overflowing House
listened
say is, that a 5
and highly finished styles of BILAIIAM, Mrs. SAE,
M°NO Miss STull"sl MISS PATON, and Mr.
SAPIOI who, in their Pxecation of the several
melodies allotted to their long-acknowledged
talents, exerted themselvel with a success that
must have highly gratified themselves. The second
performances of Mr. NVAnE's Oratorio, and Dr.
Buse 's admired Duet, 4t Lo! the flowers ap-
pear on the earth," were the principal novelties
of the evening.

Ma. TfIZLwALL.—Our limits will only allow
Lecture
injust at the
icetot lihedaiyi:
m
ci oavurerkrs Yee
t,
brieflTi o hw: ea vit reoert 'l%i le 's et of
ncf ag it t wholly pass it over.
The introductory observations, and those on the
sublime of MILTON, the comments on the Come-
dies of SIIALSPEARE, particularly Much Ado about
Nothing, on Modern Comedies, chiefly the
School for Scandal, and the five-aci Farces of the
day, were just and pertinent. The Lecture was
agreeably diversified with recitations from MIL-
TON, Peter Pindar, &c. The audience tes-
tified their approbation with loud and frequent
applause.

A very novel and humorous Work have just
made its appearance, under the title of the
ENGLISH Sry ; embellished with suitable cha-
racteristic Plates, sketched from the Life, by the
celebrated CRIAKSHANK. It comprises ♦ariety
of Scenes and Portraits, characteristic, satirical,
and humorous, illustrative of the present age, and
contains Anecdotes and Notices of Royal, Noble,
and distinguished Living Characters, combined
with the Eminent, the Eccentric, and the Noto-
rious, and embracing the peculiar Lingual Lo-
calisms, and Customs of Eton, Oxford, Cam-
bridge, Cheltenham, Bath, Brightoti,and London.
in the higher and more polished scenes of life.--
Of the diversified nature of its contents some
idea will be formed from the following enumera-
tion of the plates in the two parts already pub-
lished :-1. The Green Room of the Opera
House.-2. Etonians' Morning Muster Roll.-
3. Evening Scene under the Walls of Brazenose
College, Oxford.-4. Black Matins.-5. Alba-
nians doing Penance.---6. The Daffy Club. Be-
sides numerous Cuts and Vignettes. The Plates
are full of character, and abounding with well-
known Portraits, hit off to the life. The Work
altogether original, and very splendidly executed.
Published by SHERWOOD and Co. Paternoster-
row.

THE KING.
WINDSOR, MAncir 31. This afternoon, at two o'clock, the
KING left the Palace in his pony phaeton for his Royal Lodge.
His Majesty drove through the Little Park, and up the Long
Walk. He was. accompanied by the Marquis Conynghatn.—
It is expected that the King will leave the Palace on Monday
next for London, where his Majesty will remain till after the
Levee on Wednesday. Ills Majesty will probably return on
Thursday and spend the Easter Holidays at the Castle. The
King will have a select Party at the Castle thiS evening to
dinner.

FASHIONABLE ARRIVALS.
The Earl and Countess Fortescue and family, in Grosvenor-
square, from their seat, Castle Hill, South :Bolton, Devonshire;
Lord and Lady Ebrington, in North Audley-street, from De-
vonshire; the Earl of Gosford and Lord Acheson, at
Blake's Hotel, Jermyn-street, from Suffblk ; Lord and Lady
William Bentinck, at Grillon's Hotel, Albemarle-street
James Fitzgerald, Esq. at ditto. from the Continent; Major
Delamotte, at the Pulteney Hotel, Albemarle-street, from a
tour; Sir Henry and Lady and Miss Fitzlier'oert, at Flatlong's
flotel, Oxford-street; Baroness de Rolle, at the Hyde Park
Hotel, Hyde Park-place.
DEPARTURES.—Mr. Wm. Mitchell, 3d Dragoon Guards,
for Paris ; the Lady Olivia Sparraw, from Hyde Hotel, for
Richmond;. Mr. and Miss Mostyn, from ditto, for Steeple
Aston.

FAST! lONA BLE PARTIES.
The Duke of York will have a grand dinner party on the
9th of April, in the Stable-yard, St. James's.
Viscount Carleton entertained the Duke and Duchess of
and a distinguished party to dinner yesterday, at his
house in George-street, Hanover-square.
The Earl of Darnley entertained the Directors of the Ancicnt
Music and a large party to dinner yesterday, at his House in
Berkley-square.

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