Star.
London, England, 1825-08-23 00:00:00

LONDON.

TUESDAY, AUGUST 23, 182.5.
STOCK EXCHANGE, TWELVE O'CLOCK.

Consols opened this morning at eel i for the Account, and
remain steady, without any fluctuation, and little or nothing doing.
Next Friday bring settling day in Consols, many Brokers are pri-
vately making up their Accounts, and it is suspected it will be a
Bea► Account.

In the Foreign Market nothing is doing.
Current Prices: New Spanish 171 1, Old Spanish 221 23, Rus-
sian 94j 27/. Mexican 75, Austrian 981, Colon:him New 831114,
Brazilian Scrip 543 disc.. Mexican Scrip 31 Idise. Danish Scrip
43 disc. Greek Scrip 13 121 disc.
rnrcg OF STOCKi AT TWO O'CLOCK.
Bank Stock 229% 231
S per Cent. Red. 901/2 5/8
8 per Cent. Cons. 895% 7/8
Si per Ce:A. 981 A
3i per Cent. Bed. 98% 3/4
4 per Cent. New 103% 3/s 1/4
Long Ann. 22% 5.16
India Bonds 43 44
South Sea Stock 1013/4
1.1 MOO Excheq. Bills 16 19 16
£5OO ditto 18 21
£lOO and £2OO ditto 20 18 22
Bank for Acct. 2301/4
Con. for Acct. 89% 7/0

In our Naval Intelligence of yesterday, from Ports-
mouth, we mentioned that the Danish brig of war,
St. Croix, commanded by Captain KLANNIANI had put
in there for provisions; but that previously to saluting
the flag of the Port-Admiral, Sir GEORGE MARTIN,
Captain KLANMAN had sent the Danish Consul to en-
quire whether his salute would be returned from the
flag-ship with an equal number of guns? Being in-
formed that it would. be returned only with as many
guns as would be given a British Commander (that is
eleven in exchange for fifteen), the Danish Officer de-
clined to salute. We added, that for the same reason
the Russian ships had long ceased to salute his MAJESTY'S
flag, and to this cause is, doubtless, to be attributed
the conduct of the Danish Captain, who justly con-
sidered the flag of his nation entitled to insist on the
same mark of respect that had been claimed by the
ships of other Powers, though u nsuccessfully.
Those ceremonies, excepting as indications of friendly
sentiments, are in themselves, perhaps, of mighty little
importance. They have, nevertheless, before now, agi-
tated the Councils of Europe, and not unftequently

plunged this country info war. They farmed even for
a time a :Object of discusslon so recently as at the
august Congress of Vienna, when the great Potentates
there Assembled to decide on the destinies of mankind,
deethed toe question of salutes at sea to be of sufficient
importance to require adjustment by a solemn decla-
ration of a new international law. It was well known
and remembered, that BONAPARTE hail so misrepre-
sented the pretensions of England on this subject, as to
excite the utmost hatred against her universally over
the Continent, by inducing the belief that all other
Powers of the earth were required to do homage to
her flag, on pain of immediate destruction—an opinion
which is to this day very far from being exploded.—
' To rethedy which grievance, the learned Thebans in
attendance on the Congress—M. VON GENT z, in parti-
cular—proposed a most notable expedient. If two or
more ships belonging to deferent Powers were to meet
at sea, the flag of the Sovereign who happened at that
time to be the oldest was to he saluted by the ship of
his junior brother Monarch, to whose flag the Captain
of him the afore aid senior Potentate, was afterwards to
return an equal number of guns. But the never•failing
plain sense of the English Diplomatists rejected this con.
trivance, justly considering that the gallant Commanders
of our craizers, well versed in the management of
ships and guns, were, nevertheless, likely to be indif-
ferently t ead in heraldry, and unprovided with authentic
certificates of the ages of the various Crowned Heads of
Europe at the time being :—and then what was to be-
come of the PRESIDENT of the United States, whose
reign we guess, or even his name, is probably never
thought worth remembering by many of our naval
heroes ?—This project came to nothing, and it was
agreed that the honours of the salute should be volun-
tary, and remain at the discretion of the Commanders
themselves, to do therein as they might individually
see fit.

No instance, however, we believe, had occurred of
the Captain of a Foreign Power actually entering an
English part, and declining to salute the flag of the
Admiral, under whose guns he was at that moment
anchored, until two Russian frigates, about seven or
eight years ago, arrived at Portsmouth, and demanded
and received liberal supplies of provant from our vic-
tualling stores, insisting, however, at the same time,
on a pledge, to receive gun for gun before they would
pay the customary honour. The incivility was good-
naturedly overlooked at the time, since which the
Russians have never saluted at all.
But as this conduct is founded on an entire miscon-
ception of the pretensions of this country, and as it not
unfrequently happens, that trifling ceremonies of this
kind become the fruitful source of national hatred, we
think it worth while, not having space at present, to
take an early opportunity of stating how the case at
present stands, and as a matter of curiosityeat le ist,by
what means it has happened that the ancient and lofty
claims of England to the sovereignty of the seas, have
dwindled into so mere a state of nothingness, that the
commander of a small Danish brig shall, in our own
ports, successfully refuse to fire a single gun in honour
of the flag of one of our gallant Admirals, though dis-
played at the main-top gallant mast of a British three-
decker, and that three-decker bearing the never-to-be-
forgotten name of the VICTORY !

The French manifest great jealousy of our commerce
with the New States of South America; and it appears
by an article from Paris, which we have extracted from
the .Allgemeine Zeitung received this morning, that the
determination of the New Republics, to reduce the
Import Duties to those Governments in Europe which
recognize their independence, had occasioned alarm at
Bourdeaux and Havre. That the New States of South
America should favour those nations who are the first
to do them an act of justice is extremely natural ; it was
not, however, any condition in our treaties with those
States. We recognized their independence without
stipulating for any peculiar or exclusive rights or pri-
vileges whatever. In the communications which took
place with France and Spain, the beginning of last
year on this subject, the views of our Government were
frankly stated. In a dispatch from Mr. Secretary CAN-
NING to Sir WILLIAM A' COURT, then our Ambassador
Extraordinary at Madrid, he stated the readiness of our
Government to aid a negociation between Spain
and her late Colonies, by which the mother cons-
try should be secured in the enjoyment of commercial
advantages superior to those conceded to other nations."
" But," continued Mr. CANNING, "for herself, Great
Britain asks no exclusive privileges of trade ; no invi-
dious preference, but equal freedom of commerce for all."

Nothing could be more honourable on the part of the British
Government; we asked nothing of the new Republics for our-
selves; but notwithstanding the obstinacy with which Spain war-

red on States de facto independent, we offered our mediation to
secure some privileges for her, which we disdained to demand as
the price of enabling those States to take their rank among the
nations of the earth, by a recognition of their independence. The
treaties into which we have entered with Colombia, Mexico, and
the Provinces of Rio de la Plata, are In strict conformity with the
declaration of Mr. Secretary CANNING, we are therefore surprised
at the mortified pettishness which some of the French JournaHsts
display, at our carrying on a commerce, in which they may en..
gage on the same conditions as ourselves. In the article from the
German Paper, to which we have alluded, and now subjoin, the
writer talks of some negociation between France and Spain, by
which the manufactures of the former will have a decided pre.
Terence over the English in the Peninsula. We were in hopes
that the example of our own Government, in breaking up the
prohibitory and exclusive system, might have led to a more correct
policy on the pan of France; but if she thinks any treaty she
can make with Spain, will either provoke our Government, or in.
jure out commerce,she will be much disappointed :
PARIS, AUGUST 11.
Letters from Bourdeauz and Havre concur in stating, that the
Merchants in two sea.ports have received the disagreeable
news that, by a between tbenew American Republics,
they have resolved to take such measures, with respect to the im-
port duties on goods brought thither from Furupe, that those
coming from countries, the Governments of wh;ch here rnng-
talsed the independence of the Reprbl;ce, ‘hall be rece;. : oo

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