Star.
London, England, 1822-05-03 00:00:00

~.,:,;,

;

' 7 'LONDON.

.

111

..."
.
jp,'l/4. 4••••••••••

[LNG STAR.

' FRIDAY, MAY 3, 1822. .•
STOCK EXCHANGE, TwELva-rrotots.
Consols are 7111 tea 1 fir the Amount, and for Money 79
little business doing. '
Power Forms.--Tha Market is not very bra this morning,
Mid, as tie I.sth May will be settling-day for the new Spanish
Stock, it is expected a great improvement will take place in the
above Stock, when It will fall into the bands of the real
holders, by which means the Jobbers will be prevented from
forting it on the Merket.—Spanish New 68 ; Old 65,11 Pros.
gen 861; Neapolitan 681 to 69; Danish 85; Columbian Old
110; New 851 to 86.. .
STOCK EXCHANGE, ONE O'CLOCK.

The Market has improved within the last hour, and bears a
Faysolvable appearance. Consols are now for Money 79j j, and
Tin for the. Account.
Letters received this morning by the Dutch Mail state,
that all Foreign Securities continued to improve, as well as
the Exchanges. At Amsterdam the Exchange had. improved
considerably; and at Vienna, it is said, Metallic Stock has got
up two per cent. Appearances, taken upon the whole, look
favourable to the continuance of peace.
• ROYAL EXCHANGE, ONE P'CLOCK.
In the Foreign Market, Columbian Bonds are the only Stock
there is any business doing in, and the prices continue to improve.
PRICES OF STOCKS AT ONE O'CLOCK.
Bank 5t0ck.2371/2 238
3 per Cent. Reduced 78%
3 per Cent. Consols 791,4 78 Y 8 7.9 •
s A per Cent. 88%8 891/4:
4 per Cent. 944/8
.5 per Cent. Navy Anns. 1021,E %
Bank Long Annuities 19% 1346
• Imperial 3 per Cents. ex div. 77% -
Irish 5 per Coots: 1003/4-1-India Bds. 525.
South Sea Stcuk. e 9.85%
Exchequer Rills of L`1,400, Is. 4s. pr.
Ditto Small 2s. 6s. pr.—Comols for Ac. 791/s 3/4 1/a•

There was a time when a majority against Minis-
ters on an important question was always considered
as threatening the overthrow of the Administration,
since, by such a decision, it appeared to have lost the
confidence of Parliament ; but the force of custom
has strange effects; _ _

S' Alen change with manners, morals change with climes,
4' Tenets with books, and principles with times:"
And the pre:.ent Administration have already endured
so many defeats, that, as Tom CRIBB says by boxing,
it comes quite natural to them." A system which
they declare essential to the safety of the State, they
will readily depart from rather than give up their
places; and even on the Agricultural question, net
longer a2,u t,:tn Monday night, Lord LONDONDEUY
proposed a measure, of which he declared he did not
approve. Seven Lords of the Admiralty were de-
clared by Ministers to be indispensable to carry on
the business in time of peace, though no more were
requited during the most active period of the war.—
The House of Commons, however, declared by a
vote, what every man in the country believed, that
some of them were quite useless, and that two of
them ought to be dismissed. This was done, and the
affairs of the Admiralty go on as well as ever. None
of the Maritime Powers have taken advantage of the
crippled state to which our Navy has been reduced
by dismissing two Lay Lords, although, from the im-
portame Ministers attached to them, one would have
thought that it would have immediately provoked a
maritime war.

Last night, in the House of Commons, Ministers
were defeated on the subject of the two Postmasters-
General. It is true, that this job was not quite so
shameful as that of the Lords of Admiralty, but the
conduct of Ministers was the same in both cases; and

they chewed in both a determination not to relinquish
a single portion of patronage, unless it was wrested
from them by force.
It will be recollected, that Lord NORMANSY, to
whom the Public are indebted for the triumph of last
night, brought the subject before the House in au
earlier period of the Session. This was on the 13th
of Match, when his Lordship, after clearly proving,
by the absence of one of the Postmasters abroad for
two years together, and by several tither circum-
stances, that the office might be filled II one indivi-
dual, moved-
-11 That it is tkor opinion of the House, that, without detriment
to the public service, the duties of the Postmasters-General might
be performed by one individual, and that the salary of the other
might be saved to the country."
Ministers opposed the motion ; and Mr. ReSINSOS,
who took the lead on this occasion, opposed it on the
sole ground of its diminishing the influence of the
Crown. Lord LONDONDERRY said that a Junior
Postmaster-General was a necessary part. of 44 the
machine of Government ;" and Mr. Pm (from whom
an argument of that sort seems very strange) de-
fended the two offices on account of their antiquity !
When the question was put to the vote it was nega-
tived by a majority of twenty-five only.
After so entire a defeat, as to everything bat the
mere trifle of numbers, it might have been expected
that Ministers would, for decency's sake, have abo-
lished the useless office; or that one of the Postmas-
ters-General would have resigned, on the principle
that Togas; mentions in his Honey Moon, f that a
well-bred dog always runs down stairs when he sees
violent preparations made for kicking him out of the
room ;" but, no, the sinecure was still retained.
Lord NoRsIANEY, who clearly saw that another
such victory on the part of Ministers must ruin them,
renewed the combat last night, turned the weapons
of Ministers upon themselves, and put them at once
.to the route. The gl influence of the Crown," the