The Sun.
London, England, 1810-08-15 00:00:00

W;E D N E,S DA Y, AuGlwr 15, 1810.

.kigusttd, [Rio.
IT Lein; intended to distribute. to '
the Pobr Wi-
dows of Commission and Warrant Officers of Cite Royal
Navy, whose, circumstances come within the Richt of the
Charity establi.bed for their Relief, such monies as may be due to
them on account of their Pensions, up to tbe 3141 August instant ;
This is to give A otice, that any• Widows .who have not dp-
plied the Pension, and intend to. lay in their claims, may do so
as soon as possible, by Letter addressed to. the Sec4taiy of the
And that all such Widow: whose claims have been,
already allowed, must send or bring to. this Ogee, ' betvieen the
17tb and 31st instant, the AffidaVits S:equiled by the Rules, in-ors.
der to their being continued ujon the Pension List, which will be
immediately prepared, and paid in the beginning of OElober.
All Letters from Widows concerning their Pensions, Must state
the Rank their Husbands held in the Rgal Navy.
O.VROrER.

CONTRACTS FOR BED-CASES AN!) LOOSE HAIR.
Navy-Office, August 6, tBlo.
THE PRINCIPAL OFFICERS and COlll-
- of HIS MA7ESTY'S NAVY do hereby
give Notice, that on Weaincs.laY the 22d instant, a! One o' Clock, they
will be ?eddy to Peat with- SUch Persom as .M4Y be' willing to
Contraa
.f supgytng His .31.4eity's . Yards 4tt Deptitd and .
IVoolwish with BAGS, male of linen cloth o4:Britifh manufac-
ture, to contain the hair for Seamen's geds ;:a4 will also be
ready to treat with such Persons as may be 4uiilirg tOCpnt}ati for
-supplying His Majesty's, Yard at Portsmootb wills LOOSE
-HAI.R. - • • •

- Samples of the Cloth and Hair•, and forms if the. Tenders may
be seen at this Offce.

.No Ter:der will. be received after One o'Clock, on the daof
Treaty, nor any noticed, .unless the Party,. cr an Agent for Lim,
attends. , .

Every Tender must be accompanied hy a Letter addressed to the
N.svy Board, and signed bl Two responsible Persons, engagin g
to become bound with the • Person tendering, in the Sams under-
mentioned, /or the due performance of the said Contends respecp
tivejy, viz. for the Bed-rases ct. ed. ; Hair 2001. • •

•
ICRARDSON, -GOODLUCK, and Co. Con.;
„11:16 vaelors Mtn Coverninent for the present STATE
E KY,• respettfully inform the Public, that TIC.
KETS and SHARES are now on Sale at their Offices, Sank•
•buildings, Cornhill, and oPpoSite the King's Mews, Char.
ing.ctUss.
SCHEME.

5.- of - 4:20,e00 - are - ktooiono
5 - 2,000
5 7,000 - 5,000
to - - Sop - - - - - s,ope
3o - - lou ..... 3,000
So Su

100
4,800 - - , , 72,0,0

4,000 Tickets

‘200,0000

FIVE TICKETS OF EACH. IQUMBER..
AU to be Drawn the 19th of OCTOBER, aio.

rit: TRUE ORIGINAL lESUITS DROPS

Are now prepared. by SHAW and .F.LOWA lA, 66 (on the
Foot- ".-ay ), St. Paul's, Successors to Joseph Wessels.
HE•JESUITS - DROPS have long been known
I and esteemed a sate, chsap, effettual, and often an
imMediate Cure for Stranguary, Weaxiiess of the
Kidneys,- Or ; and when taken on the first attack of
-Venereal !Mahon, they will infallsbly - accomplish the de-
sited edict : should the Complaint be far advanc,d, it will
be necessary to take the Specific Remedy With the Jesuits
fops. •
The many depredai:ons made on the Property of .the Pro-.
prictors, compels them to give this Caution, .that no one
bottle will be sent out of their House without " Shaw and
Ldwards (Success Ors to.M i. Wessels), '66, 'St:P aul's- C hurch-
yard," engraved on the Stamp.
All others which are sold without the above Names are
imposttions on the Public.

Ask for %Vessels' lesuits Drops.

HICKMAN'S PILLS

Are an Effeaual CURE foe the (;RAVEL and STONE,
sToppAc Fat U NE, COMPLAIN t Sin the BACK
and LOINS, KIDNEYS,and ELAJDER, LUMBAGO,

OF the va-ious Cohn plaints Incident to the Human
Frame, there none more dreadtul in their nature,'
n-r :note alarming in heir consequencesi. than the Gravel and
Ston.!:•They arc. complaints, to w Meven-
ot every Person, the
mist abstemious, is liable, as the Air we breathe and, the Wit=
ter we drink are impregnated'with Particles which not only
cause these excruciating Tortures, but are a toundation for
every ottw species ot D:sorder. ' HICKMAN'S RIO
NA I. PI L LS, composed of :he most innocent. Ingredients,
have bean found ot singular efficacy, in not only strengthen.
ing the Vessels containing the Urine, but happily destroying
the petrifying quality ot it, Nun' which 'proceed the above.
Complains, lee. removing the calculi, or gritty concretions,'
and banishing every pernitious tendency to those disorders,
wit :out , adinement. _ •

Sold, wh.lesale and retail, at Mr.,Butler's, 4, Cheapsitle,
corner of l'aternoster.row:• Allen, 76, Oxford-street Cl4llc,
2ty, Bortroio, and most Aredicrite Venders, in boxes at gd.
I IS. e44.;11.

• . .. . .
. B.EpeiliT,
Illitill'( 1.-- 2 .
TOGETiER WITH MINUTES OP EVIDENCE, AND AC.
COUNTS FEOM THE SELECT' CaldMlTTell ON Vlit
HIGH PRICE GOI:DEULLIOX.

(Continued from Yesterday.)

_ .
Your Committee have still fUrther to remark
upon this pOint, that,ihe evidence laid 'before them
has led theme to entertain mach doubt el the al-
leged fact, that a scarcity.6l: "gold litalli6n has been
recently experienced in:this country. That'gumeas
have disappeared: from the circulation, there can
be no question-; but that 'does
,not prove a scarcity
Of bullion, any mere titan :the high price proves that
scarcity. If gold is 'rendered dear by any other
cause than scarcity, those, who cannot purchase
it without paying the high price, will be very apt.
to conclude that it is scarce. A very extensive home
dealer who was eitarnined, and who spoke very
Much of the scarcity of gold, 'acknowledged, that
he.tfound no difficulty in, getting any quantity he
wanted, .if he was willing ao pay the price for it.
And it appears to-your committee, that, thouch-in
the course of the last year there have been large
exportations of gold to the Continent, there have
been.also very ceinsiderable • importations of it into
this country from South America,'chiefly through
the West' !tidies : Theachanges; which have
if-
fected Spain -and:Portugaly combined
,witte our ma-
ritime and ,commercial advantage;, would seem to
have rendered this country a channel through which
the produce of the mines of Ne.v Spain and the Bra-
zils pass to-the rest of the world. In such a :site- ,
atioo, the imports of bullion and coin give us the
opportunity of first supplying ourselves ;• and must
render this thelast.ofahe great rnatkets, in which a
scarcity of that article will be f It. This is remark-
ably illustrated by the faa, that Portugal gold coin
isttow sent regularly from this apuntry to the cotton
settlements in the 'Brazils, Pernambuco, andMa-
ranham, while dollars are remitted in considerable
q»antities to, this country from Ili.) Jatteiro.
It is ittiportatit also ea obseLve, that. the rise in
the markt.t price of silver in this country, which
has nearly corresponded toehat of the market price
of gold, cane of in any degree be ascribed to a scar-
city of silver. The importations- of silver have of
late years bet n untisuaily large, while the usual
drain for India and China has been stopped. .
Fuf.all these reasons', your C,otrnittee would be
- inclined to think, that those who ascribe the high
price of gold. to an unusual demand for that art icle,
and a consequent scarcity, assume facts as certain
of which there is no evidence. But_ even if these
assumptions were proved, to ascribe the high price
of gold in this country t' its scarcity, seems io your
•Cuurtd:ttee to involve a misconception, which they
think it important to explain.
In this country, , gold is itself the measure of all
exchapgeable va'ue, the scare to which all money
paices :are referred; It is so, not only by the usage.
and commercial habits of the country, but hikes ise
by operation of law, ever since the a& of the 14111.
of his present Majesty [finally rendered perpetual
by an act Of the Seth year of the reigli]_disallOwed a
legal terioer in silver coin beyond the sum of Q5l.
geld being thus our measure of prices, a commo-
dity is said to be dear or cheap according as more
or less gold is given in exchmge for a given quan-
tity of ,that commodity ; but a given quantity of
gold itself will never be exchanged for a greater or
a less quantity of gold of the `same standard fineness.
~At particular times it may be convenient, in ex-
change for gold in a particular coin, to give more
than an equal quantity of oiht-r gold ; but this dif.:
tereuce can iiever exceed a certain small limit : and.
• thus. it has happened that. the Bar*, while liable to
pay its nines in specie, has under patticular emer-
gencies been put to the necessity of purchasing:gold
at a loss, in order to keep-Up orto repair its Mock:
But generally speaking, the price ofagold, being , it-
self 'measured and ,expressed ;in gold, ~Cannot be
raised or lowered by an increased. or diminished de-
mand for; it.' 'An ounce of gold will- exchange for
neither more nor less -than. an ounce of gold of
the same fineness, except so far as an allowance is
to be made, if the one (niece is coated or otherwise
inanutactured and the other is tot, tot the expellee
el that coinage or manufacture. An ounce of
standard gold bullion will ant fetch more in .our
market than 31. tasa load., unleSs'3l. 179. 101al. in
our actual currency is equitaleitt to. less ,:;an an
ounce of gold. An increase or dimit 'anon in the
demand for eold, or, what comes to the iiArrte thing,
a cJiminothaor increase in the general sueply of
gold, will, no doubt, have a material effea upoia
ri'le money ptices of all other articles. An increased
demand for gold, and a consi!lpietil scarcity of that
article, ill make it more valuabio iii pr.o:'ortion to
all other articles; the same quantity of gold W:11
chase a greater quantity•of any her article than it
did bdpie ; in other words, the real price, at gold,
or the spa, toy of commodities gi Veil in exchange
for it, will rise, and the money prices of all (Om-
moditti.s will tall; the money price of gold 'itself
will remain unattered, but the prices or all other
commodities will fall. That this is not the present
sate of things is abundantly manifest ;:.the pt ices of
all comoiodidea have risen? and gold appears to have
.risen in its price only in common \viol them. It
this common effect is to be ascribed to one and the.
same cause, that cause can only be found in the state
of the currency of ,his country.

Your CoMmittee think .it proper to state still
more specifically, what appear to them to be.. the
priociplcs which govern the 'relative prices ut gold in
bullion and gold in coin, as 'well as of paper circu-
lating. in its place and eit, hangeable tor it. They
cannot introduce this subject, inure properly, than I,y
adverting.to those simple principles and regulatioos

•, ;• •
IPRICE SIXPENCE lIAL:FIiENN Y.

.
.on which a coinage issuing from the_King's Mint. is
foUnded.
The Object
,is,, to secure to the people a standard
of it. deterrnioatt; v by Ofixing a. s am , under
the.royal outhority, •to pieces of c;i are
are. thus certified to be of. given ,wt.; 1. and filie.
mess. Gold in bullion is the standard to which the
legiSlature.has intended that the coin should be con•
for Med, and with w. telt it should belietitiEed as
tnikh a, pir,sible. And if rat ii.temion of the le.
gislature werecompletely fulfilled, the coined gold
would be it precitely thesatte ptice. in escharige for
all Other commodities.- as ii would ha ,e borne had.
corainued in the shape of hula .n; but it is sub.
je4t to some small fluctuations...'
First, there is some expense n-tilted in convert.
.ing bullion into coil'. Those who send Vllion to
be coined, and it i r allowed to any une to sew! it,
though they are charged with n legnor g:, tucur
a loss of intereto by the detention 'hell gol in
the This lass may lilthel•ttl tidy amounted
to'abour tl, percent., bur it is 1.. be presumed that
the improvements ot the stern ft to tie Mint
will cciust the detentron Lind ct.nseti tu,-loss.to be
Duch smaller. Thi• 11. per cent., nas tormed the
limit, or nearly the li:nit, 'to the possible.rise
value of coii:•above_that of bullion ; for to suppose
that coin could, through any cause. t-tdv •nce much
above this limit; would be to assume that .there was
-a high prOtit n a transaction, in which there is no
ri,k; and every 'otie has an opportunity of en..!
gaging..
The t -folltowhlg circumstances conjoined, ac-
count for the deOreSskon Of the coin belo,A the price
of bullion, and will s:ieW what must have heoil
hinit to it-ss extent before 1797, the period of the-sus-
pension of thl cash payment., of the Bank of Eng-
land. First, the coin, atter it had become current,
was gradually eimini,lu. d in weig lit by use, and
therefore it melted, would• produce a less qoantity
of bullion. The average dimiiit.tion ot wei4irt of
the present current gold coin below that of the same
coin when fresh from the mint, appears by the
evi-
dence to be nearly il. per .cet This evil, in in' ,te
ancient times,. was occasionally eery great. , It Was
particularly felt in an. early p.riod. of his present
Majesty's reign, and led to the Te:ormation of Cli.
gold coin in 1773. But it is now carefully guarded
against, not only by the.-lea! punishment of every
wilttil-deerioration-of the. gold Loin, but also by the
regulation of the Statute, that guineas,. of-wiiich
the lull weight when fresh from tile Willi is 5 d is.
9 gr. 39-Boths,thall not be a lega: tender it kk rirn bt!ow
o dwts. 8 grs., ; thedepreciation'thoS allowed ip-ing
at the utmost 1.11 per ,cent;, si 1l mon; material
cause of depression, is the.difficulty undcr 'which the
holders of coin have been placed when they wished.
to convert it into bullion. The Isw of the country
forbids-any other gold coin than that which has be-
come light to be put i,:to the melting-pot, and, with
a very queitionable policy, prohibits the exportation
of oUr gold coin, and (1 any gold. unless an oath is.,
taken that it has not been produced from the coin of
this realm. It appears by the evidence, that the
difference between the value of gold b .Ilion which
may be swotn oft' for exportation, and that of thA
-gold produced or supposed to be produced froth eat
own coin, which by law. is convertible only to• do-
mestic purposes, arriounts•at present to between, 3s,
or 4s. per ounce.

The two circumstances which have ,now been
mentioned have unquestionably constituted; in the
judgment of your Committee, the whole cause of
that depression of the .value of the gold coin.of this
country in exchange fur commodities, below the
value of bullion in exchange for commodities, which
has occasionally arisen or could arise at those,times
when the Bank paid in specie, and gold was conse7
quently obtainable in the quantity that was desired;
and the limitfixed, by those-two circumstances con-
joined, to this vxcess of the market price of gold
above the mint price, was therefoie a limit of about
5f per cent. The chief Fur: of this depression is to,
be' ascribed to' that • ancient but.doubtful -policy of
this country,. which, 'by attempting to confine the
coin within the kingdom, has served, in the same
.manner as permanent restriOions on the export of
other articles, to place it under a disadvantage, and
to give to it a less value in the market than the same
article would have if, subjeat to no such a pro-
hibition.

The truth of these observations on the causes and
limits of the ordinary diffetence between the market
and Mint price of gold, may be illustrated by a
ference to the mode, explained in the evidence, of
gecuring a fixed standard of .value for the great COM.
rutfcial payments of Hambutgh. The payments in
the nrdinatv ttah4tetions of life are made in a cur-
rency cOmposed ort the coins of the several surround-
ing Sates; but .ittiver is the standard- there resorted
to in tnegr•;-at Ciunnie:cial payments, as gold is in
No difference- anaiGgeus to that which
occurs-in tins country, betwreu ttie Mint and inar..-
hei price of Goad, can ever arise at Hamburg!) with
regard to, sther,. because provision is made that none
ot the three causes above specified, {the expense of
coinage, the filgeciation, by wear, or the obstruc-
tion to exportation) shall have any operation. The
large payments of tiamburgh are effetted in Rank
'money, which Consists of actual silver of a giVen
fineness, lodged in the Hamburgh Bank by the
merchants of the place, who, thereupon have a pro-
portionate, credit in the Bank books, which they
transfer according to their occasions. The silver
being assayed and weighed, with scarcely any loss of
time, ihesfirst-tirentioped cause of fluOuation io the
relative.value of the current medium compared with
button is avoided. Certain masses of it being thee
Certified' t wahout any stamp • being affixed on- the
metal) to be of- a given quantity and fintness, the
value is transferred from individual to iaclividual by