The Sun.
London, England, 1819-06-23 00:00:00

WEDNESDAY, JUNE ?3, 1819.

THE LOtTE it Y.

PO-MORROW. Two Prizes of 30,0001. Steil-
". inr, Money ; 2,000 GUINEAS in GOLD, &c. &c. must
all be drawn. , Tickets and; Shares are Selling by EYTON,
Stock-Broker, 2, tornhill, who soh', last Lottery. 5,115,
2,0001.; and in the last Contract, 4,456, a Prize of 20.0001.
in Ten ~bares. &c. &c. All linginess in the Public "Funds
transacted with fidelity and dispatCh:

110_ I\loll HOW- all the LOTTFARY will be
ORA WN.'—'l46 Prizes of 30,0001.! Twn Prices of
II ,0401. i which *ill bcpaidyither in 2,OOOGUINEAS in,001,1),
or 2,100 ,SOVEREIGN~ in GOLD, whicheve;t• may be pre-
lerred, and in proportion for' Shares &c. ' '
. , ALL THE,TI(:KETS AFLOAT.
11/4:0 .FIXFA) PRIZES'.
A. 1.1, IN STERLING .MONEY.
, NO STOCK. PRIZES
' ALL IN-A EEW.I-101JRS..
TO-MORROW.
. .
'TICKETS and St-IARES are on NAle at every Lottery Office

in London and Ott Cuunty.

ALL MONEY.
TWO. THIRTYTI-loUSAND,POUND PRIZES.
TWO Ti-100.SAND IN GOLD. •
ALL IN ONE DAY.

TO-MORROW TEIE STATE LOTTERY WILL BE

DR A WIN.

el WEBB, ,'took-nr.okr, 9, Cornkiill,, and 17,
V:Ir• Ludgate street, solicits the Commands of the Public,
and reminds them ot having Sold, in the short space of thir-
teen mouths,
THREE PRIZES of THIRTY. THOUSAND POUNDS.
Irish Bank Notes exch,ingell, and all linsiness,in the Funds
executed by Commission.

LITERARY REVIEW.

COMMENTS on some Recent POLITICAL DISCUSSIONS,
with an EXPOSURE of the FALLACY of the SINKING
FUND -=ily A. 13. buAmBEKs, Banker; Bond-street.

We some time since noticed a Very judicions
tract written by !Ilk Author, on. the subject ot the
liesomptitin of COlt PJyments at the Bank. It
contained much solid matter, which was the tithic •
entitled to attention, as it cable hum an emit-km,/ •
Banker, and a practkal man, whet bad derived hi+.
instructions from the settold,of•eitperience. The
arguments and the opinions of such a eberacter
demand the attention of the Public, while- they
probably are not inclined try liSteti.to certain Ora-
tors in Parliament, whoican as copiously declaim
.on• subjects, which they do not , understand, or
.have perhaps only casually regarded, as if their
whole lives had Ween employed in the attainment
of the requisite knoWledge. The present work
difftis itt many respectsrtroin the opinions of men
who'e sentiments deserve more attention than the
flowery Speculatists whorl' we have noticed, ant)
partirolarly on the subject of the. SINKING FUND.
We do not profess to he deeply conversant
with these subjects, hut we have such a ve-
nerat.ion for the memory of Mr. PITT, and
so confident a reliance on the wisdom of every
measure which his acute penetration and pro-
, tumid judgment...suggested, that t‘e feel more
repugnance than we can express in admitting
any objections to what received the sanction
of his great authority. But truth and sound
infottnation are what we wish, on all subjects,
and at all times. to submit to our Readers, and,
therefore, . not presuming to decide on matters of
ackonwiedgrd difficnity, which have puzzled_ the
vti.est heads, we shall extract our Author's argu-
ments on Otis particular point, not doubting
but that some 'of our judicious and intelligent
Correspondents, and we have the pleasure to
know that we have pethaps at least as many, it
nut more than any other Journal, will be found
-to confirm his doctrines where they are right, and
to refute them, where they may be erroneptis.

When Mr. Pitt's attention was directed to
,the Sinking
Fund, the highest encomiums:sr= passed on his peculiar
sagacity, and the strongest hopes were entertained that he had
discovered the means of reiterating the nation, and extricat-
ing it from ilitllcultics which nothing, it was said, but his
stupendous mind could have led him to hope for success. 7
fl,,w far. his plan, is ultimately to succeed, we shall now
bring under considpration intrepidly at the outstt
pro-
nouncing that the Sinl;ing Fund, under the present system,
tail never accomplish thr, redemption of the National Debt ;
and that no sooner shall it begin to act, titan it will prove its
own incompetency by the insurmountable obstacles it wili
create in its, progress.

It may be objected, that as one hundred millions bare al—
ready b.ei reduced, the prediction cannot be correct; but
to those who so contend, the only answer is, that more
stock or nominal capital has been created than by the Com-
missioners has been purchased up, and, consequently, there
has not yet existed any material difficulties in carrying on
their purchases; but no sooner *shall that new creation of
capital cease, than the difficulties predicted nfust inevitably
arise. To form revenue, the existence of capital, real or
nominal, atfoilling an annual return, is absolutely necessary.
As the purchases into the Commissioners' names increase,
the means arising final stock remaining in Private bands di-
minish; or, in tuber words, as the funds at epurchas:ed up by
„the Commissioners, tloie stockiand the income arc wanting in
be mar krt. . The present moment would not "have arrived,
ere this want would have been severely felt, had not a sub-
stitute been created, in addition to Exchequer Bills.

In times of peace, the profits to individuals being dimi-
nished, from the circumstance of Government ceasing to be
the great customer, yet called on to acknowledge claims on

he revenue; which include the gain to its couzracturs—,he

tide of profit may be said to go to ebb—and then the tev,2nue
of individuals begins to prey on the principle, by the Go-
vernment eating up in the shape of state taxes, the pr 7!..•.ce.
of the stock purchased by the Commissioners; for the pro-
duce of the funds sold to the Commissioners, together with
the funds themselves, of merely change hands and re-

main the same, as some a wont to imagine, in a state of
activity, but are absorbed by the demands which individuals
may have on the Government., in their claims of dividends.
Thus, as it were, acting fro necessity on itself.
Nothing, therefore, can I; more• unreasonable than the
irritability against Government at the great pressure of taxa-
tion ; for the chief part of the revenue is called forth to dis-
charge the interest on those sums which have been borrowed
by the State in a time of need ; and it is unfair to accuse the
Government on all occasions with extorting from the public,
when we ought to lay the blame on "our own rapacity, in
withholding our assistance on such occasions, sinless we ob-
tain exorbitant advantages; first, in the form of profit in the
articles furnished ; and, secondly, by lending on the most
favourable terms.

BY those, therefore, who are vociferbus against taxation,
surely 14.0 dividend ought to be expected; as the), cavil only
At that which furnishes their own subsistence.

Numbers are createdTira the first instance, by the N •tinn it
Debt, and correspondent odes are formed, as the representa-
tives
of all articles, (which are called increase- of price,) in
support of that debt from which alone they derive an cxis-i
tense. On the creation of a new debt, if it furnish the means
of supporting itself, it will necessarily follow, that if it be an-
nihilated, or Partially withdrawn, by pracing., it in an inactive
state, the means of support become diminished in exact pro-
portion and if the same quantity of•i'ccenue be required to
he drawn front the remaining part unsold, in the hiinds of 'in-
dividuals, to; support the whole; deficiencies must arise, and
embarrassment must ensue. yhui, if 1000 millions of debt
yieldthirtrmillions of dividends, whenever the Commissioners
shall have purchased up 500 millions, fifteen millions of divi-
dends, or income among individuals, will be wanting, and
consequently there must be fifteen millions of income ab-

[PRICE SE`,/tt•ZPENCF.

sorbed by the state, s;..hieli wit lithe stock was subject to pay
taxes, under the denoioinatiOn of le;acy duty, probate duty,
powers of attorney, stamp diity, &c. ; greeting the generality
of Other taxes or sources of revenue to the State in like man-
ner, although they may nut be qtiite so obvious to the cur-
sory tender.
As th'eererition 'a the deht augmented the currency and
reduced the noniitial value of nioney, it follows, of course,
that the'reditctiOn of the debt will enhance the value of

money, reduce the circulating medium, diminish the rent, and
etinscquently, the Vahle of the lam!, thereby placing a positive
barti'ei• to the accoMplishmeot of that system, on:whiclr we
have so much prided ourselvei, fondly -imagining, that we had
diSeeiVerd the Philosopher's stone, the grand panacea of all
our, natitioal distress,iu sustaining the Sarkizig
If tiii•Sestrietures on the Sinking Fund be found practically
true, is it notllre excess of folli to persevere in the'persua-
sion, that the Sinking Fond will ever purchase up the
National Debt? theory, :it is ode of those fallacious prin-
ciples which may he worked and demonstrated in the closet—
but which will fail whelieer reduced to practice.
Firt the sake of argoarent; let us suppose that its accom-
plisliment does lie within the compass of possileility; to what
would'it lead, beyond cOnVoliion and revolut ion, in the monied
world ? The Commissioners would purchase up 1000 millions
of debt, and be in the receipt of thirty millions of taxes, which
thirty millions „might as welt he expected to come from the
moon, a; froni the purses. of the community, -unless a corn-
mensurate'currency in their stead were gradually introduced
and established. Those thirty millions, as they are now paid
into the EiCheiprer, and issued ibi4ve in the form of divi-
dends, form that standard by which the value of laud is esti-
mated. ShOuld the debt become extingUished, and toe divi-
dends cease to be issued, the land would dim;iiish in value
both as to fee and to rent. If the thirty millions of taxes
were to be paid up to a given day, and on that day the whole
funded debt were to be bought up by the Counrissioners and
extinguished, what would be the consequence ? The state

taxes would necessarily be withdrawn ;—and, if they were,
bow would any man, having entered into a contract, either to
pay money borrow,d 00 mortgage, or otherwise, be enabled
to fulfil his obligation ? Would it not be a complete reruhion

of prOperty, when'the individuaLshould not I,riUW whether he
poseessed one hundred pounds, or one hundred thousand ? In
short, the idea of an ultimatc,beneficial operati(in of the
Sinking Fund, is too extravagant to be entertained, when
once exposed; for, if ultimately impossible, its scant of prin-
ciple must be true in timbre.
[To be concluded to-morrow.]

LAW INTELLIGENCE.

COURT OF-KING'S BENCEI, JisTNE 22.

LORD C. S. CHURCHILL r. JAMES PI- RRY, Egg.

Mr PLATT moved, on behalf of the dereudact,
for judgment as in case of a non-suit, for not pro-
ceeding .to*trial pursuant to notice, in this cause,
‘vhieh, it will be recollected, was an action for an
"alleged libel in The Morning thronide, relating to
a melanchOly accident imputed to the plaintifrs

neoig-enee.
The COURT granted a rule to spew cause.

TIIP KING, oN TII PROSECUTION OF BRUM,

THIS HON. E. LAW AND OTHERS.

_ . .
The prosecutor, Mr. BRuctt, renewed his mo-
tion in person:tkiS day, the object Ott which teas
tWofold calling upoo the Court to direct
the paritent of a sum, of .5001, to enable him to
fee Counsel and defray the expellee of proceeding
in this indictment, the trial of whiCh i,s fixed for
Thursday ; secondly, to postpone the trial
as to some of thedefendants, on
the grouod of
the absence of two material witnesses. The affi-
davit 'as to :he latter part of the motion did not
'State th.t any steps had been taken to procure
the ..,tren`dance of the witnesses in'gorstion, nor
when their attendance wds likely to be produced.
The COURT said, that they had no power to
grant the first part" of the motion ; and a :4. to the
second', it wts not maititaiwthle, for the reasons
alluded to, and therefore re!userl the tale.
There was no other case worth mentioning dur.
ing the day.

Our Readers will be pleased to hear that the
complete series of Esiays on EnOisli Alannees,
under the signatnre-of The Hermit io London,
some specimens of which appeared in the Literary
Gazette and afforded so intich amusement, are to
be-published in tie course of the present. %reek.—
They certainly form an excellent companion to
the famed Hermite de la Citaussee Amin, and
we have no doubt will Meet with as exit:ll43,P: a
circulation.

.
MADAME DE GENUS' NSW liroftic.—The trans-
lation of " Les Parvenus," (the Upstarts), his
at length appeared under the more appropriate
title Of The New /Era. It will be found replete
with interest to the Iteader,pattieularly
for the faithful picture it draws of the horrors of
the French Revoluti,m. Madame DR GEN Lts pots
the following words in the mouth (4 her hero.
JOLLinI DELMOUR, who is the historian of his own
singtilar adventures.
'' Every 'Frenchman who bad attained the age of maturity,
and was present :attire opening of this, tremendous drama, or
happeoe.d to he in France when -it commenced, was forced
take a part, so that v. titterer knew how to write with tolerate
correctness might, if party spirit did not render him
vindictice, or calumnious, fktter himself with the hope of
.producing some interesting memoirs on the occa:ien. Now.
in additioli to my i,ciogi xtrentely curious, :is to all that passes
around me, many have given 'me,the credit of observing events
with ;teem acy and mionteness. Born in the plebeian class [
never blushed fur my origin, nor have fever entertained that
hatred against nobles. and courtiers, which is• so often
prompted by injustice,. while it inwardly betrays a spirit ,f
envy and detraction. Having seen vices, virtues, •and tolies
in every mil:, i have maturely reflected on the incidents,
manners, and peculiarities of this epoch, faithfully describing
whatever I saw most rtoarkahle, and taking skeial care not
to belintiueneed" either .I.iy partiarlity C7Gaggeratiou in the
reciral.".