The Sun.
London, England, 1811-05-08 00:00:00

. .
aqy Minister, for any seVerity *Vett lic.miglitthi,ik
necessary, to make the sLaw "effectual, it he could
quofe a single opinion to tioutitonaitce the praciica.
briny of the experiment. I-le worild wish to ask,
what was he to consider the er itetion of the de-pre
citation of paper, it it was not the difference het weeii
the paper currency and the standard cpin ? It any
pepon in that House, looh mg to the statenl any
other country, had said that rh:s diffeietiee riot
a proof of depreciation, ‘vo,ild nor all lift itp their
hands against the declaration,Woidd 'they not ie-
quire 'by. what 'iryriaptotir or criterion • were they
to judge, it the state -of exchange and the fate
interest, and the buying up of 'the coin, -were
tint ,4o be :considered -indications of a depieeiated
currency.. He would reter to a recent instntice.
Ile belt! in his hand,ati edict of the Emperor of Aus-
tria, most painfully il:ustrative of the subject, corn-
pelied, as he thought he was, by doe necessityto the
action ; for it was not 'difficult:to trace, in the very
wording of its •pititrisions, the paternal anxiety and
regret from which-it was wrung :it was itupw,ible
to contemplate the misfortune without feelings ut ine-
lancholy. By the edict to which he alluded,. the
Emperor of Austria deelarad.tharilie paper currency
should be depreciated' lour-fifths; rtT4mastite by
which 8%000,000 of florins- were: reduerd. 10
5,1100,000. The edict referredlo a: table in s% hielt
all private pecuniary contracts' were-
sufferieg thereby a deprecial too of three percent,
Could Any map doubt that the- eth:ct of this
would be to lower the price of other cointne;
dities ? It r was full thine to set about same :;re.
wedy as the country at preSent stood: He.b,'diesded
the Bank was yet poss.m.ssedof it
,tr,reat minammiiiy ot
goIJ, and that he believed,' ink men 1,-; floio d-
t»our, but by the evil Itce of'Clocnintets terhicit
could not be" colitratlicied', It
~appearetl that they
were not so low,as in 1182, at which period cash
payments were not d)se,-,nti ruled but it it was to
be adopted, as a priucipte t ~ash payments should
not be resum'd until the exchange was eqn:ll,'they
would .perhaps never, be resunted, ai all 'events
not 'for any, length of tithe. He had 'stated that tfie
notes of the.. Bank outstanding had inereatied —that
every man knew ; hut supposing the circulation
to be fio,000,00u1: and that in those tin,oao,oooL
there
,were 8,000,0001, nioro than :'there. was
cash to ii ry, the Bank' Vi/r,l 1 have a pridit on
8,000,0001., beyond its , capital. l'he 'r'estrietion:
upon cash Payments. was made to proteCt, tlfetaiik.
tram payments, it was ,unable to auswer.;- and the
public -from the conserpiences rif its withholding pay':
ment, in consequence of that want of cash. Tire extra
prefit should therefore, lie thought,: he applied to
place themserves siruation, to Ecaulne the Ca:ln
paymeuts; but it would be Cruel, and worse than
cruel, to expect they should resume, 11101 in six
Months after the ratification of .pcace under citeum7,
stances more aggravated than those in , which they
were i:ertnitted to withhold them. If he were in
error in the sentiments he had delivered upon this
subjeet, it was an error which lie sh•tred, in cotr.
mon with 'Borleigh and
,Bacon„. with; Locke and
Newton, and Pitt ; for he liso no dOcultlY iii snYilgt
tha(if.Gentlernen WOW look.hack to the deh,eicii of
the year 17.ag, they would timid,.tinder 'all t kitt gloprny
apprch'ensions•of that .periud, ti t. it, was, adramed
by that aide and by Mr. Pitt, that if the'syerptotini
which were then dc,criheil, aud which were bow 1•e•
Jilize.4Sholliti come, tlie“prehNsions, gloomy as
they. wete, tnust be acknowledged to be well foetid-
ed. It he were wroi,g, it was it, coorinon wit h. sitelk
great .authonties. On the other blr,d; if -rho 111,1,1
/inn. Gentletnaowere, right, ire vas right with Nir.
Law and Mr. L0w111.134 thelartcr of ,whom particu-
larly to.iintained in every pfirt •Of his dot-trine, the
Iprtimeiples which were now advanced- by those Vila
opposed .the Committee. Again,. he would, ask,
.what. %vial he standard ? . The mit horny hehad just.
• (rioted, said, that the depressed: state of the, cu ri ency
4as owint.; no the scarcity and, not to the dehasenwitt ,
'ol.the coin. As to • the injury done to cterliiori
and existing contrats, by the debasemeot oe'coot, it
was I,olVed 'in. the favourite way, brsayin;;, that
,the injury was not teal, but apparent ; and after
all,' he was obliged to, conclude, ,that when the
sperity of the country was restored, we should re-
turn as soon as possible to our old aysterri. But it
was said ttjust the
,wealth trf the country tended'to. ,
Britt very systern, as if the wealth of Grear Britain
grew out of its currency. The preipo,ifinn was too,
ridiculous to be maintained; • The wealth' of Eng.%
land consisted in the number-of her industriensi
people, in the protection, of good laws, rind in, the
blessing of a free ConstitUtien. The spirit by which
She was animated, was the source of her vt math ;
and those '.who judged her by such a criterion,.
must pronounce her greatly and nobly, rich ; • but
if, neg'eeting those advantages, 'they proceeded
to take measure of her from the stale of her
currency, they must determine, at least 1,4 the' pre-
sent, that the balance was against her:—lf iri> Right;
Honourable Friend was ot opinion; that remedy
was necessary at the preSent moment, he was sere.
that remedy would be applied.; and Iv hatiirer it ,
should be, there was ro much • care and attention
required tofurther it, that be would rather agree to
it,' if possible, than, originate •a IlleJlitirt to which
those at the head of atiiiirwinight be unfavourable.:
He could nut suspect that his Right Honourable
Friend (the Chancellor of the ExcheqUer) .would
be induced by any narrow consideration to.neglect
what he thought was right, or toset the facilities of
his own. Government in competition with the per-
manent interests of the nation. • .

TFT 14; sr N.

$04,&%1 gULS LtiCiKit E&46UAI AUDEAT

L 0 N. D 0 N,

Lure CASTLEREAGH,' in a meat able gpeech of
great length and ability, to,Mr. ;
but
we regret that we are pretented watt ot
room from giving even an outline of it.
Mr. Hormsit and Mr. Ross explained.
Mr. Molter: then wit and spoke at some length
upon the legal inconveniencies likely to ensue from
.any further depreciation of our paper- currency.
Atter he had proceeded some length, he declared his
intention of- returning again to the subject, 'btu!
wished not to detain t he Comutittet at the present.
Vie Committee adjourned at ‘'Two this Wonting.
The debate will, it is supposed, be resumed again this
evening.

Alta v Anholt, z Dublin, t Waterford. tius—t Ca,
diz, t Watarlord.
F. 01. STOCKS
TIM DAY Ar TWILV& &CLOCK,
Cialbois « 65 I Recr.-Ann. 64/

VVEDNLsDAY, MAY Si 181 I.

IMPORTANT INI'F,LLIGNCE FROM THE

CONTINENT.
. This morning tw u Antiolt tvi.rilsarriVed, ati'd have
brought intelligence of the most important nature.
It iippear, tbat bos!ihrica have actually commenced

bet,'egen.li'rattce and Prp.ssia, in cons-tlo.6iicelof the

troops belonging it, the former endeavoming to ob-

. . • „
Liin .pnseision, of Colberg, of ',which the pliant
General BLUCHER was the Governor. The French

being rt4psed permksion to Hsi through the place,
attempted to carry it by force, but were repulsed,
with the loss of,2oo.tnen killed, and 800 won/it-led.
:If General BLUCilliti' acted in this inslance by the

direction of his Soverrign,,we may consider the 'war
'between Russia 'and France as havina commenced,
for there can bey•no doubt that the King of Prosia

would not a:tempt to resist BUONAPARTZ, tirlieSSLC
had the most positite assurance of support from the
Emperor ALEXANDaIt. The ftAlowing are the de-
:ails brought by the Anholt 'Vials upon this im-
portant subject.

fleLsmoliuttG, APRIL 16.--According to ac—
, .
counts received from the oppisite coast, there has
been,aAterious renchntre butween the PruSsians and.
French at Colberg. It seetni that the latter wished
to pass through that place, with a view to some ul-
terior operations, but, probably with the intention of

occupying it when once in.pesrsenien. Their trin.
bit was, • therefore, reftised- by Con. BuneuEß (the

same who fought. so desperately at Ltibeck, when
French entered it after the battle of jena) re-
course was, then Irad.,to arms, and the result was

200 killed and 800 woundc;l, cm the ;lido of Ibe

French. The attempt' to force a passage was ;')leti
given up. The lesg of the Prussians is not men-
tioned. All.the French troops which were in the
environs of EL.iuhurgh, have received orders to sct
out fpr hlal do bti, 01, immediately."
The other intelligence, brought. by tilt:se Mails is
opt very iptere4i.in4.:Th-ere is an article frotr Peleis•

burgh, which cor.lraclitcla the reports which are. said

to be in circulation, that the Russian G)yernrhent i

about to grant pemission to import futttign cow-

rnodities.

'The Gazette of last night contains the Dispatches
of Lord. WELLtriovpn, thelarrival of which we an-
nounced on Monday. There does not appear to be
any foundation for the report thit MASSIZNA bad
ailvaticed `and crossed the Agueda.,

. .
.. ,
"theSerAiiver hat Jnr rived at Plymouth from. Li-
sbon, which. ,city she left on the ist inst. but she
brings .nothing new, except that, there. was “ repoit
of the fall of
~B4klajox. , •

The Sovereign and Midas extra ships arrived at
St. Helen's on, the 7th inst. left Bengal loth January.
Ariived at St. Helena the itoth March ; sailed
from thence 22.1 of 'March under convoy of the
Boadicea and La Mancha.

The Larkins:and Juliana were taking-in their
cargoes in Bengal

The Lord Keith, Earl Spencer, Monarch, Ilete,
and Tyte, had arrived in Bengal.
The Batavia arrived at Columbo the 2f4 Nov.
with the Charles and litcovery Winers; the Charles
parted company off Falmouth.

The Creole French privateer, of I G guns and t 12
men, was taken off Cape Ortegathy the Surveiqante
frigite, and has arrn,'ed in the Thames.

Monday, at one o'clock, Mr. PINCKNEY' his lady,
and eight children, embarked at Cowes on board the
/faux American frigate, when she immediately got
under weigh,• and proceeded, to sea through the
lgtedles. About an hour previcnoly to Mr. l'zsorc-
HEY'S embarking the Essex fired 17 guns as a salute
10 hint,

The following Goneral Orders were ,isiuec, by
Lard WXLIANGTON, during the late pursuit- of MAO 7,

" Adjutant-General's Office, Lousa, March t 6.
'6 The Commander of the Forces returns his Thanks. to
General, ttaffOlticers, and Troops, for their excellent con-
clod in the operation of the last ten days against the enemy.
He requests the Commanding Officers of the 40, sad, and
9stli Reglitients to mmie a Serjeant of each Regiment, to be
recommended for promotion to an Ensigncy,, as 41. testimorlY
of the particular approbation of the Commander of the
kris of thete three regiinents.

There is not the slightest foundation for the state.
mem in a Cadiz publication (to which we yk:sterday
alluded) of General BERESvon,t) having narrowly
escaped being made prisoner by the enemy in a law
r sconnoiaano. . .

141) HARRIS, ot No. 4, Martlett.coutt, Bow-strere and PcbitsbodibY WILLIAM A KMJG ER SCRIPPS, South MOl%,
g, No. StliiPtib WOW. AtistirtispnentSi Order, for the roper. true-s a rea