Star.
London, England, 1822-11-13 00:00:00

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/1

WEVENING STAR.

LONDON.

WEDNESDAY, NOVEMBER i3i,1822.
STOCK EXCHANGE, TWELVE O'CLOCK.
. • Orin, to the information from. Paris thislappyrim,- got above
rearket was crowded at an early hour, iihrilrasioli opened at
901. and went up -to 81 81# $l. By dais ffectuation, it appears
that the Paris accounts had net the *skaffa, effect on the mar-
ket as was ezpeeted, for Consuls left of yesterday at 813, at
which they remain up to this hour. It is now the general belief
on 'Change, that same deep-laid plat bas been matured is the
French capital, for frock jobbing purposes, by inserting in the
French Journals certain paragraphs which the parties there well
knew would affect the English and Foreign Funds.
TORSION meager.
A great deal of business has been done in the above market
this morning; as early as half-past-nine o'clock, on one arde of the
'Change New Spanish Bonds 'were done by the Dull party at 57,
and on the other side, the Bears offered them at 58. Up to this
hour tiler are at 581. Private letters, received by eaprns from
Paris this morning, bring the French Funds at the close of the
market on Monday, at 864 90c. Neapolitan Funds 741, Spanish
53, which have got up 10 per cent. within these three ar four days,
and everything looking well at Paris, the panic having nearly
82i, Nev Spanish 583, Old 69, New Prus-
sian 86, Old A, Ruasian 86, Danish 91, Neapolitan 76, Co-
tunilaian 84, Peruvian 80, New Spanish Scrip 4 dis.
STOCK EXCHANGE, ONE O'CLOCK.
Our market remains steady at 81}
ROYAL EXCHANGE, ONE O'CLOCK.
The panic appears to be subsided—Spanish Bonds continue
steady from 58 tu the others remain as before.
PRICES OF STOCKS AT ONE O'CLOCK.
Bank Stock 2471/1 './4 —3 per Cent. Red. so ya 1,6
!.1 per Cent. C'onsols 811 A 1/8 3A 1/3
5 per Cts. 925 A 1/2-4 per CM 9814 Y 8 VS
4 per Cent. New 101 is s 4
Bank Long Annuities 20 7.16 9-16 1/3
Imp. 3 per Cents. 791/2—l.ldia Stock 25'21/2 25314
India Bonds 335. 39s.—South Sea Stock 99.Y8
Exchequer stills (CI .1X)0) ss. 7s. Gs.
Ditto small, 6t,
Con::. for Acct. 80 %8 81 3,/, 81 51 4/4 lA.
CITY, lIA IF-PAST ONE O'CLOVJC.
It i 5 this moment asserted on 'Change. that the different fo-
reign Brokers have met, and determined to put off the payment
of ebtir differences on the settling day, the 15th instant, owing
to the great enctuations which in.ve taken place within these
few days.

The French Papers of Monday, with letters written
that afternoon, have reached us. They all still blink
the question of war between France and Spain; and,
for anything that appears to the contrary in the Paris
Journals, w e should say that war was as probable as
ever, had not the total rout of the insurgents in the
north of Spain been an event likely to have a very
,

decisive influence on the councils of Louts XVIII.
as well as on the deliberations of Congress. The
defeat of gIIESADA we stated yesterday. The corps
of this rebel Sivaniard was completely destloyed on
the 27th ult. at Los Arcos. The Chief (11cooNoo)
. and e!even OfEters are said to have been slain, and
QIIZSAD.I, a solitary fugitive, has escaped to that
asylum for the insurgents, Bayonne.
A battle upon rather a large scale, consi.!eting the
nature of the country, was fought on the 26th ult.
be:ween D'Ettotula and Mt NA, at Tora, near Castel-
fcliit, in which the former was signally defeated.—

The number of the Army of the Faith is said to have
arnolinted to 5000 men. MINA, after this victory,
which the Barcelona Gazet!c states to have cost him
comparatively few men, gave a Lew direction to his
columns, and n,arclied on BA:Trier. Nearly the
whole of the Catalonian Insurgent Army was en-
gaged on this occasion. It is believed in Paris that
MINA has laid siege to Seo d'Urgel, the sear of the
Insurgent Government, and as it not a place capa-
ble of much defence, it must• necessarily soon fall;
and then we shall perceive how slender and con-
temptible have been the materials of this imp, rection,
in support of which a military interference has been
meditated by our Holy Allies.
Before we come to the question of war or peace,
as noticed in the French Papers and private letters
of Monday, we shall say a word or two on those of
Sunday. The Journal des Wats remains silent on
• the subject of its warlike article which we inserted in
• •• the &ran of Monday, but the Courier Francais boldly
• declares, " that the Partisans of Liberty, without
" calling for War, will see it arrive without pain,
" and perhapswith pleasure; that they are enlightened
" by an experience which has taught them that repose
" is mortal to Liberty, that it derives its strength
" from attack, and its triumph from persecution."
The Constitutionnd remarks at great length on the
hostile paragraph of the Journal drs Debats, which it
quotes, and we quote a few of its observations on the
subject :—" The news from Verona is still contradic-
tory. However, it is above everything our duty to
tat the truth to the Public. We are far from dis-
guising the fact, that the reports of war daily acquire
snore consistency. Endeavours were made to weaken
those reports when the depression became manifest,
but the language held Yeas not the less hostile. With
a singular tone of contradiction, certain Journals have
reproached the Constitutionalists with announcing
war, and yet have themselves persisted in maintain-
ing that war is indispensable.
ag With regard to what is passing we possess no po-
sitive data; but as a multitude of interests and specu-
lations are involved in the question at issue, we are
bound to say, that though by all our wishes we ail.
averse from war, it appears to us that in the public
opinion it is probable.
14 It must have been remarked that the Jouottal des
Arbuts, which appeared the least disposed to war,
and which has for some time past preserved a pro-

• "
/ouad silence, Las' altw explahusitiself i a mane*.
'adhich/ifite :fable credit to tie reports in circulation,
Ia Biers we are assured that the cabinets, and more
particularly a oast Pewer,pave strongly iissistet at
the Congress oh the distruction of the authority of
the Cortes; :and that. after long conferences, it has
been resolved that all the Ambassadors accredited to
the Spanish Government.should be recalled, because
theoxistence of that Government cannot, in the situa-
don in which the King and the Royal Family arc
placed, be recognised; that France having sufficient
fbrces and resources for supporting the party which
has taken up arms in '.Spails,.againgt the CorteS, the
whole conduct of the war, should be left to her, under
the condition 'of giving her effective aid, if, contrary
to all expectation, it ihotild become necessary. It is
even pretended that all the Powers, with the mei).
don of England, which has declared the firm inten-,
don of remaining neutral, will accredit Envoys to.
the Regency of Orgel. We are far from putting
faith in all these reports, but we repeat them precisely
as they have been circulated. What, in our opinion,
tends to give them some consistency is the article
published by the Journal des Debuts:'
The Editor, after refuting the statements as to
bringing the Spanish Infantas to trial, thus con-
cludes If our wishes are for peace, it is because
we still consider it necessary for France ; and because, ,
whatever mail& the chances of an invasion of Spain,'
it cannot have, either fog,the party which it is wished,
or for Francs herself, the successful results which,
certain persons appear to anticipate. We must,
however, repeat, that our wishes for the continuance
of peace are siionger than our hopes. We exhibit
things to our readers in the state in which they pre-
sent themselves to us and if we are in error, we shall
be happy at having -befit d:ceived."
The Journal de Paris abstains from giving more
publicity to the warlike rumours, and calls on " the
Official organ of Government," the Moniieur, " as
speedily as possible to put an entire end in "Pft"
tainties that have agitated France.'" ne " (Aida'
organ" obeys not the call, but remains silent.
The fourngt de Comte. roe of Saturday says—" The
continued depression on 'Change yesterday is not the
only symptom of war which appears to have made
impression on some minis. The considerable pur-
chases of colonial produce which have been suddenly
made in the Havre market, and certain resolutions
said to have been adopted by the insurance Compa.
nits, tend to accredit the report that Spain has some
aggression to apprehend, and some support to expect
from the British Cabinet. Our neighbours have the
same fears, and war with Spain is presaged at Brus-
sels,. because the frontiers of the Netherlands arc
about to be garrisoned with Dutch troops, in substi•
tution for the Belgian corps."
Sach are the sentiments of .sorne of -the French
Journals ; and ed, circumstance, coupled with
the silence of the others, has raiser increased the
panic in Pat is, and has given rise to an impres-
sion that the rumours of wa'r cannot have>ieen wholly
witliont foundation, otherwise. a flat contradiction
wcritll have been immediately given to them by the
Grivernment Press. It. is however probable that
the Ministers, in thus permitting the rumour to float
wit.h tii ascertain how a war against liberty in Spain
would be congenial to the French.
This is all, we be7ieve, that is to he gathered from I
the French Journals up to Monday ; we now turn to
those of that day. The Monitor, contains not one
syllable either in affirmation or contradictinn of the
alarming report of war, but fils its columns with
immense extracts from what it calls the (Nick/
Gazette of the Regency of Urge!. The Joornal des
Delats, the Paper which, from having published the
most alarming article on the subject, would have felt
itself called upon to explain away this alarm, had it
been unfounded, instead of so doing, inserts a para-.
graph whose object seems to be to spew how easy it
would he to march to Madrid. The Courier Fran-
cais (a Liberal Journal, anxious that there may be no
armed interference with Spain), instead of being able
to give its readers any hope on this subject, spreads
a report (which, though we know it to be unfounded,
shews its fears) that three of the most moderate Mem-
bers of the French Cabinet are to be replaced by three
of the most violent of the Ultra party. The Quoti-
dienne, terribly embarrassed between its Wishes for
war and its disappointment at seeing the depression
of the funds occasioned by the mere rumour of war,
does nothing but grumble and wonder at the fact
that public credit should be affected by the possibility
Olt an event which, it says, all reasonable men must
have long expected. Suchare the principal features
(positive and negative) of the four Journals which we
have teceived. 'lt appeal's that Qt;rsariA's first visit,
on his arrival at Bayonne, was to the house of Aurt-
CHAMP, the French General.
From the Moniteut we extract nothing ; for, except
the Urgd Gazette, there. is not a word in it worth
notice, unless TA LLEYRAND'S appearance at Court on
Sunday may be so considered.
The private letter from Paris is, however, still
more to the point. It is as follows :

" PARIS, NOVEMBER 11.-4 orer.ect, 'Au
41 Every one expected that there would be some
article in the Moetteur of this morning to tranquillize
the public mind, and to put an end to that. uncer-
tainty respecting the question of Spain, which so
powerfully affects public credit and leads to such
gambling and ruinous speculations in the public

1

fltnsii. NbtlYint of t'ie kind has,llowaVef,.._
and the anxiety and agitation which so stilt.,
marked Thursday, Friday, and Saturday, still cs!.
done. The funded capitals of LaOdou will, satioubt,
sympathize with those of Paris. The shock, iideedi
will not only be felt in France and tugland, but
all the Government Securities of Europe, from Peters..
buigh to Naples. The value ()revery species of praf
perty will, in a similar proportion, be al*red, if the
sinister reports which have alarmed the hindholders
be realized. Already the premium of insurance is
raised,•ami this rise must affect all colonial property,'
port,
and every commodity obtained by naval trans .
In viewing the calamitous operation of die present
panic, it was expected that the Finance and Foreign
Minister (M. de Villele) would either have commu-
nicated in the usual way some satisfactory informa-
tion to the Public on the question of peace or war, or
would have called a Meeting of the chief of the com-
mercial and banking-houses in Paris, to consider of
the best means of putting an end to the fluctuations
which vague and uncertain rumours produce. Such
a course was adopted in 183 S, on a less momentous
occasion, and merely to protect the bankers who had
undertaken the contract for paying the contributions
exacted from France by the treaty of evacuation.—
The same course was resorted to by M. ltoy during
the Neapolitan campaign. M. de Villele, who is an
able Finance Minister, and possesses great practical
acquaintance with business, would, no doubt, have
I followed the example if he could have anticipated
equal success. The Congress must necessarily do
something immediately, as the Ministers composing
the congress of Aix-la-Chapelle did on the occasion
alluded to. More than 6 per cent. of a fall over the
public funds of France has changed the fortunes of
French stockholders, nearly 200,000,000 of francs
what' ruin must not this have occasioned to indivi-
duals ! The holders of Spanish stock have been still
more unfortunate; their property fell in value in the
course of three days more than 20 per cent.
!(It is t anfidently stated that M. de Chateaubriand
has been very badly received by the grnperor of
Russia. Ilis Imperial Majesty treated him with a
coldness and neglect amounting nearly to insult.—
Ileaccmes him of favouring Revolutionists and Li-
berals, and thinks that in the preseni crisis he ought
not to occupy the post of a negotiator. It is said
that M. de. Chateaubriand felt this treatment so se-
Iverely, that he has solicited his recal. The difference
may be arranged, but if the anecdote be true, it suf-
ficiently displays the policy of Alexatider, who, in
18113, 1817, and ISIS, and up to a late period, wished
to be thought the protector of the French Liberals.
I Times and Emperors change. May not the Em-
peror's aversion to M. de Chateaubriand arise from
1
his opinion being against an invasion of Spain ?
66 It is said that Ouvrard has effected his Loan
with the Regency of Urgel, at 23 per cent. that is,
he advances only a fourth part of chat the Regency
engage to him, when the Inquisition and absolute
' power tire happily re-established in Spain I.'
The following are extracts from the French Jour-
nals of Sunday and Monday:
aPAWS, NOVEMBER ii.
tnoNt THE JOURNAL DES DEBITS.
In stating yesterday that the only good. chance in
a war against the Cones of Spain, was a point on
Madrid, we did not entertain the absurd idea which
a revolutionary Journal has attributed to us. We
know as well as these Gentlemen, that when a good
army and a well-united nation dispute the entrance
of Spain by the way of Bayonne—when the fortresses
of l'ampelena and San Sebastian, the fortified towns
of Tolosa, Vittoria, Burgos, &c.—in fide, when the
formidable defilei of Pancorvo are defended with
zeal and ability, an army even of 80,000 men could
not advance to Madrid. But we are of opinion that
the Spanish troops are ill-united, ill-armed, and ill-
officered--that the revolutionary Spaniards are few
in number, and that the sound part of the nation
would take up arms and join a friendly liberating
army, which should bring them peace, order, and true
liberty. It is only in these suppositions, which are
warranted by many reports, that we consider the mi-
itary operation of which we have spoken practicable.

FROM TKR COURIER FRANCAIS.

The report has been circulated yesterday and to-
day, that MM. de Villele, de Coibiere, and de Cler-
mont Tonnerre, have tendered their resignation, and
that they are to be succeeded by MM. the Duke de
Levis, de Vaublanc, and de Labourdonnaye. We are
far from guaranteeing the truth of these changes: it
even appears to us little probable that any change
will take place in the Ministry before the result of
the elections be known.
The Quotitiienne, remarking on the observation of'
one of the Liberal journals, that a fall of 4 per cent-
in the funds was naturally accounted for by the ru-
mours.of war, says:
0 This is an assertion, which, like all those of our'
opponents which have preceded its will not bear the
least examination. How can the certainty of war
with Spain, even supposing it to rest on official docu-
ments, produce any influence on the value of our
public securities ? During three months all Europe
has spoken of the possibility of this war ; all the world
foresaw it. and all the world feels its necessity ; yet
only revolutionary writers have ventured to-say, that
it could com promise the nost trivial interests of France.'
We can copceive that it may be in opposition to
anarchical opinions. .and that it alarms certain poli-