The Sun.
London, England, 1826-03-14 00:00:00

THE ARMY.

Yesterday morning, soon after eleven o'clock, the Duke of
Yottx, in the regimentals of the Ist Regiment of Foot Guards,
of which His Royal' Highness is Colonel, arrived in Birdcage-
walk, St. Jantes's.park, attended by the Officers of his Staff,
where the Sergeants and Corporals of the Regiments of the Line
have been practising for two or three months pest a new and
improved exercise, introduced by Sir Henry Torrens, with the
sanction of His oyal Highness the CommandertinyCbief, the
great object of which is to effect speed in their evolutions. The
Sergeants and Coporals, equipped with muskets, belts, and
cartridge.boxes, &c. formed a line and received his Royal
Highness with military honours; after which they went throttgh
the new exercise highly to the satisfaction of the 10)11 Duke,
which has been. ;taught them by the Drill Sergeants of the
Guards, and the Regiments of the Line will in "future bp the
same.---The exercise decupied about an hour and a half, The
Sergeants, and Corporals of the Line will now be sent to their
different Regiments, and are to teach the privates in their dify
ferent corhpani6- the new exercise which they have been to
and perfected in..:.-After the close of the inspection, the ppkp.
of York proceeded in his Royal Ilighness'a cabriolet to the
eornuaander‘in-t;hiet"s Office in the Horse-Guards, where the
'Royal Duke transacted military business for Upwards Of twp
;hours,
The Depot of the 76th Regiment of Foot is ordered from
Portsmouth to Jersey ; and the Depot of the 70th Regiment of
Infantry, is ordered from Portsmouth to Guernsey, to replace
;the 3d Veteran Battalion, which is ordered to Chatham prepay
ratory to its reduction.
PORTSMOUTH, Martell 12.—We are happy to announce
the return to England of that highly distingpfshed Regiment,
theAth (or King's own), under the conituand of Lieu,t,,Colonel
Patuice, C. 8., the Louisa transport, Lieutenant Bradley,
Agent, having arrived at Spithead this morning, after Q fine
Passage of 29 days, from Antigua, with the head-quarter divi.
sion ; the remainder of the Regunent in the i'ermelia and In-
dian trader transports, were to follow shortly after. the Louisa.
The Regiment was relieved by the 25th, or King's Borderers,
from Ireland ; all the Garrisons in the West Indic. 4re nuw
uncommonly healthy, and the squadron is so ale%

'TICE LATE HENRY SMITH, FsQ.—rYesterday
. the remains of this Gentleman were removed from his late
abode in Bernard-street, trussell-squarep to the Church of
St. Peter le Poer, Broad-street. The procession consisted
pf eight mourning coaches, followed by 15 private carriages,
and the mournful ceremony was attended by the Chair.
man. and Deputy Chairman of the East India Company, the
Master and Wardens of the Drapers' Company, and # large as,
semblage of private friends. Mr. Smith is much regretted by a
wide private circle, beside those to whom he was professionally
and officially ,known. His friends found in him undeviat-
ing worth, mild cheerfulness of character, and an informer
tion extensive, varied, and ainnsing. His liberal hospitali-
ties Were often experienced at his country residences, and
More especially a Draper's Hall, where, and at the India
Ilouse, lie long. held responsible situations with a degree or
zeal,
integrity, and 'shinty, which obtained for him several flat-
tering piddle tokens of respect. Mr. Smith some year! AK.°
represented 0,...e Borough of Caine in Parliament.
. ,

The body of Lord DowNEs, late Chief Justice
of Ireland, was on Thursday deposited in the family fault at
St. Anne's Church. All business was suspended in the Courts,
in order to permit the members of the Bar to show the last tri.
bite of respect to his remains ; his funeral was attended by
the Lord Chancellor and other distinguished characters, anti
almost all the Barristers now in Dublin. —Us,' rceman' Journal,)

The long-expected statement of the CHAN.-
(=Loa of the EXCHEQUER, has at .ast cooPrined
the expectation of a Loatt—by wkich expe-
dient only, the financial embarrassment of the
country can be met. No sooner was this fact ascer-
tained--and with the important d I;
a...c..t.0n of nn
avowed attack upon the Sinking Fund—thou the
Members of the Stock Exchange who crowded the
lobby of the House of Commons, began to operate,
and Consols were done on the spot, at a decline
from the closing price, of 1 per cent.
A Loan of IS millions had been generally an.
ticipated ; but although it was admitted by Mr.
RoniNsoN that it might be desirable to reduce
the Unfunded Debt, by nearly that amount—it k
not intended, in the present Session, to fund
more than eights or nine millions, of Exche-
quer Bills. 'l'ho Bank of England, by,
advances to Government, and by purchase, are
understood to hold about 11 millions of these Se-
curitios''..six millions of which are to be paid off by
Government, This will leave three millions of
the Loan, for the withdrawing an equal amount
from the hands of the Public. In noticing
the future applipation of the Sinking Fund
to the reduction of the Unfunded, as well
as the Funded Debt, Mr. Routtitor; ob-
served, that it would have the effect of lessening
the daily purchases of Stock by the Commissioners,
which would
$6 not be attended by any inconve-
" nience." But although the discontinuance of
these purchases may sot be attended with official
inconvenience—it will infallibly produce an
portant effect on the market, which at present, is
supported by the constant application of the large
sums which take off money stock, that other.
wise would often press heavily on the Market.
However satisfactory and acceptable, to the
House may have been the speech of Mr.Routtoort,
the Money Market has manifestly felt an opposite
impression. The details of the statement, were in-
troduced, and sustained, with great address; but
when stripped of the adventitious items which
have so. seasonably been brought in aid of the di-
minished resources fee the year, it is impossible
not to see through the transparent varnish with
which the general result is glossed. In reviewing
the state of the Public Debt, it was asserted to
have been reduced, between 18 and 19 mile
lions durini the last three years, While in ten

years, taxes had been reduced to an amount ex-
ceeding millions.
By a printed Return to the House of Commons
very recently delivered to the Public, we
have the following official statement of the
the total Unredeemed Debt, and annual charge on
the sth day of January, 1810, and, on the sth
day of January, 1826 :

Debt. Charge.
1826 - 03,783,282 . 29,176,157
1819 . . 832,136,445 . 29,144,761

61,646,037 31,396
Thus, instead of reduction, our Debt has been
increased in 7 years, by more than 60 millions
sterling ! Really, this is a species of reduction
which might justify the trite remark, that the
operation of the Sinking Fund was like a
man with a wooden leg attempting to run
down a hare—at every fresh start, she must
distance her pursuer. We give the CHANCELLOR
of the EXCHEQUER full credit for having made—
as good a statement, as a case so adverse would
admit. It was remarked by Mr. Ilusittssom to
be a common observation, that 66 by means of
" figures, any result could be obtained"—and
by the use of such means, the CHANCELLOR
of the ExcnEovEn has come to the result of
estimating a probable surplus in the pre-
sent year of 714,5791.! In coming to such
result he has naturally resorted to, assumptions—
he assumes, exemptions from deductions, which
may compensate for the admitted diminution of re-
venue in Customs and Excise, and, that as the fury
of the storm has now passed over, he may rea-
sonably look for a return of that prosperity—the
permanent continuance of which has been so un-
expectedly interrupted. The accidental cessa-
tion last year of Is. per lb. on Tobacco, has been
fowl(' to have been so slightly injurious to the
produce of that branch of Revenue, that Mr.
Romp/sort has adroitly taken credit to himself,
for permanently remitting that portion of the tax.
Ilis remarks on the fulminations from the modern
Athens against extinguishing the rag system
of the Scotch Banks, were in the happiest strain
of irony. They were received with complacency
by all but Sir CHARLES FORBES, who could
not restrain a denunciation of the attempt
to interfere with the Scotch system of banking,
and called upon his representative brethren to
" stick together" in opposing the project. When
was it that they did not stick together ?

The Allgcmeirse Zeitung to the 7th of March,
received this day, contains a letter from Frank»
fort, which gives a more cheering account of the
aspect of commercial affairs than there had been
reason to expect. These Papers are in other
respects quite barren of intelligence.
The Nuremburg Correspondent was also re.
ceived this day, but has nothing of any particular
interest.—The following nre extracts :

FRANXFORT, MARCH 3.

The settlement for the end of February has passed over as
well as could be expected under present circumstances. Only
some inconsiderable speculators in the funds, who had gone too
far, and were already tottering, fell on the decisive day; but,
;titer as all transactions an a great scale are concerned, all the
engagements made for this day were fulfilled, and the crisis
Which threatened us may the more justly be considered as hay.
log happily passed over, as the experience we have had will not
be thrown away. This fortunate result is chiefly to be ascribed
to the measures adopted by the Government, and to the readi.
.ness with which our merchants exerted themselves to assist, as
far as they were able, those holders of paper who might other.
wise have been embarrassed in the general distress, because they
could not realize the securities which they hold. As was con-
jectured at the beginning, the sum of a million and a half was
not required, and it is said that a third part has not yet been
called for. We even hear that part of the new Issue of paper
has been returned to the Chamber of Accounts by persons who,
froM precaution, had taken .;tore than they in fact wanted,-,.
(411gcmeine Zeitung, March 7.)

FRANNFORT.O3I•TUE.MAINE.-4NOt dated•)

M. Herz, the Jewish banker, who has been resident for se-
veral years in Frankfort, and is brother-in-law to M. Gold-
sshmidt, with whose son he was on the point of marrying one
of his daughters, sustains considerable loss by the stoppage of
that house, to the amount, it is said, of a million of francs.—
M. Herz his already made great retrenchments in his house-
hold establishment. As he Is universally respected here, and
does a great deal of good, every body takes much interest in
his situation. It is hoped that, he will maintain his ground.
He is related to the Rothschild family, into which his eldest
daughter is married. An association of the chief merchants of
Frankfort has been formed, who have subscribed large sums to
support those who may be embarrassed at the end of February,
by making their advances of money op deposits of paper cur-
rencY.--(2lruremburg Correspondent, March 6.)

It is stated in letters from Rome of a recent
data, that the Prince of PIOMBINO, SOll of her
Royal Highness the Duchess of LUCCA, and
married nephew
of
rilliralut nglt iiN:rl.l:f King of SPAIN, has just
the Duchess of FLORIDA,
the widow of the late King of NAPLES.
The account first published in the German Pa-
pery, relative to the susFension of the house of
Mr, ificitz, is totally without foundation, no such
event having taken place.
elsewhere, todent to send 4 Cie.
Meetings have been held at New York end
urge the Vresi
cial Embassy to Fraupi for the purpose of de.
ens nding an indemnity for the sPolintious of BPO"
NA PA UTE. _

On Wednesday last Sir JAMES 14GREGMt,
M. D., WAS elected Lord lector of Morischal
College; 4berdeen, in OS NOM a Mr. nung.

THE FUNDS.
-....4.1.--

Ceosols—Yesterday closed

, 7811

In the Lobby of the House of
Commons, after the opening of 771
the Budget
This morning opened 771

Last night there was a full attendance of Mem-
bers of this House, in the lobby of the House of
Commons, and on the leading features of the
Budget being announced, bargains in Consuls were
done at 77; ! This morning, the market opened at
that price,and some few bargains were effected a t 77.
Successive operations, by a Broker acting for the
great negociant, and by a Gentleman usually em-
ployed on account of the Great House, advanced
the price to 77*—but a Money Sale for 120,0001.
paralyzed the market, which gradually declined
to 77-11, the last price at which Consols were
quoted before 1 o'clock. The certainty of a
Loan, and the diversion of the Sinking Fund
from its original appropriation, hat for the present
given a shock to the Market, which will re-
quire all the exertion and address of the Bulls to
surmount.

Bank Stock (for Account) . . 205.
India Stock (for Account) . . . 233.
India Bonds . . . 2—i pin.
3 per Cent. Consols (Stoney) na,
Ditto (Account) . nut,
New 4 per Cent. 94i.
Exchequer Bills, £lOOO
noo}s 4 6 3 pm.
4100

FOREIGN.

In this Market there is little cloing, except
making up Accounts for the Settlement to.

morrow :

Colombian, 1824, 47 ; Mexican a per Cents.,
641'; Danish, 53+4 Spanish, 10 ; Russian
Muds, 77.