Star.
London, England, 1825-12-13 00:00:00

^'

other cortingacies atcachekf to the collection thereof, as
well skthe }fen nerds remaining to be disposed of:
ansether statement he ing the amount expected to be col-
lected-4n the ensuing month, exhibiting the grounds on
settee It the calculAt on is made, and finally a third, mani-
f sting t. e sesutt, in the same month of the previous year.
10. Inc• a similar pus pose, and ache same time, the Di-
rector General r:f Assessments shall require a statement,
in which, after debiting the amounts ordered to be paid
in during the preceding month to each department,
those shall be therein stated which may have been paid
rn account of each, as well as the caws why the same
have not been completed, if this should be the case ; and,
also a classified estimate of the amounts due in the fol-
lowing month,in conformity to the general one approved
by me, on the estimates of the land and sea forces, as
well as other items.-41. The documents ordered in the
two preceding regulations shall be presented to the
Council of Ministers, with such observations as the Mi-
nister of Finance may think proper to make thereon; and
in conformity thereto the distribition above ordered shall'
be made.-12. The differences which may result between
the effective and estimated collection, and the same be-
tween the amounts due and thine dtawn for, shall be
made up and equalized in the subs'equent payments, in
such manner, that in the account corresponding to
each year, it shall turn out that the expenditure has
been proprrtioned to the proceeds of the revenue.—
IS. The system hereby established shall begin to be ob-
served on the Ist January in the ensuing year. conse-
quently the Estimates shall be made out with all pos-
sible hreviiy.-14. In the Secretary's Office of the Fi-
nance Department, a short account shall be kept, shew-
ing the debits and assets belonging to the Royal revenue,
and remaining at the close of the year preceding that of
the account; the total amount of the taxes, revenue, and
all branches constituting the same ; the amounts col-
lected on account of each, duly distinguished ; what
sums are advanced to render those branches productive
which require this aid; what payments were made on
the other fixed charges of the revenue; what nett pro-
ceeds ate placed at the disposal of the Director-Gene-
eel of the Royal Treasury ; and, finally, the distribution
made thereof, divided into as many parts as compose
the sum total of the Estimates, in such manner that at
anyYhour a statement may be bad, :hewing the aggre•
gate expenditure and proceeds of the general revenue.—
IS. In order that the aforesaid account may be kept
with all the exactitude and distinction required, the
Minister of Finance shall demand all the necessary do-
cuments and statements from the general departments
of assessments and revenue, as well as from the other
branches and authorities. (Signed by the King's hand).
" Dose at San Lorenzo, this 14th November, 1525.
"To Don Luis Lopez Ballasteros."

THE EVENIN(i NTA It

LONDON.

TUESDAY, DECEMBER 13, 1825.
STOCK EXCHANGE, TWELVE O'CLOCK.

'We have a repetition this morning of the same scene as took
place yesterday. The old-established house of WILLIAMS. Bon-
GZSII, and Co. Birchin-lane, has stopped payment this morning.
Oa the first information of this event, there appeared to be a
general consternation in the City, but it soon after abated. It is
understood that this house has another connection at the West-end
of the town lately established. Consols opened, after the above
was known, at 112}; for the Account, but soon after went up to
115, consequently the stoppage of this house had but little effect on
the Compel market.
. The Foreign market remains steady.
• Current Prices; Old Spanish 14 I, Russian BCI, Mexican 62i,
Austrian 901, Columbian New 60; 1, Brazilian Scrip 14 14 disc.
Greek Bends is 1.7 disc.
PPUCR 'OF STOCKS AT TWO O'CLOCK.
Bank Stock 200 203 '202%
31 er Cent. Red. 7931. 79 8078 1/4
3 per Cent. Cons. Shut.
per Cent. 85 86 •
- 31 per Cent. Red. 85 82% 85% 84 851,4
4 per Cent. New Shut.
Long Ann. 193/s
India Bonds 34 .0
Old Annuities 80%
£l,OOO Excheq. Rills 32 38 28 dis.
£5OO ditto 17 34 30
£3OO and £2OO ditto 8 10
Cons. for Account 82% 831/4 82N 83% %
EXCHANGES.
AMSTINDAN, Dec. 9.—On Loudon, 40. 2M. 39. 9.
VIZIINA) Dec.l.—bletalliques 951. Bank Shares 1 191 S-10.
FRENCH FUNDS, Pam's, Dsconia 10.
'Five per Cents. opened at . . 96f.
Lowest . 951. 60e.
Closed at . . 961.
Three per Cents. opened at .
Highest •

▪ 62f. 7.5 c.
. 64f. 85c.

Closed at

Bank Stack

. 611. 70c.
. 2090 f.

Reines d'Espagne . • . lit
Royal Spanish Loan, 1823 . . 491 t.
Ilaytian Loan . . . goof.
. FOREIGN FUNDS, TWO.O'CLOCK. .
Austrian lids 5 p Ct. Mex. Scrip, .
Ditto Acct. Neapolitan Bonds,
Brazilian Bonds, Pestle. 13.15, 6 p C.
Do. Scrip, 5 p C. 1825, Ditto Acct.
Ditto Acct. Ditto Scrips 182.5. 6p C. .
Mewls Ayres Bonds Portuguese Bonds
Chiba.' Bonds, 6 p Q. Pros Lid.. 5 p C. 94 93
Ditto Acct. 55 Do. Bonds, 1822,
Colombiarillds,6 p C. 571 Russ. Bils,likie, S p Ct. 85
Do. 114 s 1824.601 501 4 .60 . Ditto Acct. 861 51
l!o. Acc. 601 591601 1 601 Span. 3 p Ct. C. 141
Danish Bonds, 991 Ditto For Acc. 141
•
Do. Narks Ditto 510,
Dittoßends,3 p Ct. 1825,59 'Span. sp. Ct. C. 1823,
Creek Bonds 'French Manes, 5 p C.
*Do. Ms, 1825, Exchange,
•
Ditto Acct. 5 p C. ,French Bente', 3 p C.
:Mex. Bonds sp. Ct. S 3 6 4 I Exchange.
1)o. 8d5,1825,6 p Ct. 621 11 21 Guatemala Scrip, dis.
Do. Acct. 621 11 21 1 . I Ditto Acct. dis. . •
BRITISH AND FOREIGN SHARES, TWO O'CLOCK*
INA IL PA 11.
Anglo Mexican 5 pm. 100 35 58 40 • .
Hibernian - • 50 4 111
Pasco Peruilan - 100 5 51
Potosi, La l'as, & Peru*. AO 5 )2/ i
Protector Fire - 20 9 ill
Equitable Leon Bank - AO . . 1 • /
Imperial Plate Glass 100 s i
. .

Yesterday will ling be remenabere4 as one of cheinost
disastrous epochs in the commercial calendar which

has been known-for many years. 'Hadnur foreign re_
iations wore a gliamiy aspect—had there been any-
-Prospect of war—if a heavy loan were about to be
willed for, sccoropaniesl b .3 inseoarablq compapiol4,
an increase of taxes and a diminution of trade—then,
cited, in those circumstances, we could have conceived

very easily why there should have been a general rush
upon the money market, and why there should have
existed one universal thirst for pecuniary supplies, to the
end that each individual might swell his particular
hoard, in order that he might be in a situation to
take advantage of events afterwards occurring, and
realize a higher interest upon his capital. But
in a time of the most profound and perfect peace,
when loans are neither wanted nor cared fora—when
the public revenue is flourishing, and every additional
year, notwithstanding the remission of Eighteen Mil-
lions of Taxes, presents an increasing surplus—when
foreign turtle has advanced to an unprecedented mag-
nitude; and domestic commerce is in excess—in such a
state of things, to see the prevalence of an insane panic
extending itself like wild-fire, and creating the very
evils it would fly frem, does, we freely confess, lessen
in our estimation the high character of the people of
this country, as a sober-minded and reflecting nation,
and expose to the whole world infirmities in the temper
of Englishmen, such as could hardly have been con-
ceived or credited.

On a return to peace, it was very natural that persons
who, during the pressure of war, had encumbered their
estates with heavy debts, at a high rate of interest,
should seek relief 'when capital was abundant, and
change their old creditors for new lenders contenting
themselves with a smaller rate of profit. It is also
possible that estates were further encumbered by addi-
tional debt contracted on easy terms, with a view to
extensive and permanent improvement. But, in all
these cases, capital only changed hands—it neither
increased nor diminished in quantity. We are, there.
fore, completely at a loss to conceive by what chain of
reasoning our cotemporaries are able to satisfy their own
minds that the present demand for money has been in
any degree superinduced by lending on mortgage, when
there is before their eyes the incontrovertible fact, that
the circulating medium of the country is not in excess;
that the Bank of England, lending itself in no degree to
the late rage for sreculation, has prudently and dis-
creetly kept down its issues to a very low point; and
thereby of necessity checked excess of issues on the
part of Country Bankers : and, lastly, that the precious
metals are so abundant and low in price, that they may
be purchased and carried to the Mint, and there con-
verted into coin at a positive profit.
The immediate and only cause of the present cala.
laity is most evident. It arises from universal distrust.
Every commercial man, and every man whose credit
depends upon punctual payment of forthcoming en-
gagements, is, from a sense of self-preservation, com-
pelled to draw in his money and lodge it in his own
coffers to await the event—thereby distressing his
• debtor, and draining his banker, neither of whom are
able to meet such overwhelming calls. Even while
these observations are writing we find the alarm coot;:;
, nues unabated, and the ',loudest and most renowned
of our banking establishments giving way under the
shock.

To prevent universal disaster, therefore, we hope al
paternal Government will interfere instantly. The re-
medy is prompt and at hand. Let an issue of Exchequer
Bills at still higher interest take place immeiiakely, in
exchange for those now afloat, of whatsoever dettlip-
tion, and to any amount. Let them bear three-
pence per diem. The loss- of interest is trivial—
they can be called in at a more prosperous pe-
riod. This will restore to circulation a vast mass of
property now absorbed by the hoarders. Let the
Bank be entreated, in the most energetic terms, to
advance mosey on those Exchequer Bills to satisfy in
cash the holders of old Bills, s ho refuse to take the
new in exchange; and a% money is thus poured into
the market, let it be absorbed by the Bank gradually,
by means of a sale of the new Bills.

During the last war, the issues of the Bank reached
to thirty-five millions. They are now scarcely half a•
much. There can be no danger then, in their ad-
vancing even to the amount of twenty millions on the
proposed New Exchequer Bills; but the half of that
sum, in addition to the forthcoming dividends, will be
more than sufficient.

If the Bank refuse, then let Government convene by
selection, a chosen number of the principal Merchants
and Bankers,and make them the same offer ; empowering
them, by a Royal Charter, to issue debentures, in sums
of Ten Pounis each, until the meeting of Parliament,
when they may, rely on an indemnity-, and on the gra-
titude of their country.
This, in fact, is but a subdivision of the Exchequer
Bills themselves, and will at once supply a circulating
medium to the amount of forty millions, if necessary,
and compel the money hoarded during the present
panic to reappear in the • Market. It is melan-
choly to see the destruction of funded property which
is now occasioned by forced sales—and it is the bounden
duty of Government to devise immediately the means
of checking 41 disaster.
In another column we have-inserted some remarks
of our contemporaries on the present feverish state of
public credit.

CITY, HALF-PAST ONE O'CLOCK.
The City is still much agitated, more, however; with
false rumours and unnecessary alarms, than with any
real calamity, although the old established banking-
house
of WIDLIAMS and Co. in Birchin-lane, has, this
day, 'suspended its payments. As this house, though
'highly respectable,did not carry on a very extensile busi-
ness, and was only agent for about tea or twelve country
bloke's, it did nbt excite so much consternation as was
created yesterday, and the Funds were not affected by
it. Indeed they have, on the coatrary, improved con•
siderabiy, Consols being now 831. This is suppostd to,
be owing to a very confident opinion that the B.►nk of

•

-

galena is about to advance mnhey tithe Bankett on
their Stock ; the Bankers, too, in their turn, are sup-
the cow Banks by large remittances of cash.

porting untry
The great Colossus of the monied world, Mr. ROTHS-
CHILD, is said to be very liberal in his assistance, and
to have advanced 350,0001. to one house yesterday, in
contemplation of any sun that might be made upon it.
It is reported that this Gentleman had an interview
with the Bank Directors on Sunday, %hich continued
some hours.

h is very confidently stated in the City, that the
house of WILLIAMS and Co. will soon resume business
and pay all demands, as Mr. WILLIAMS, the principal
partner, inherited a fortune of two or three hundred
housand pounds from his faiher, the late ItoBERT
WILLIAMS, tsq. of Moor Palk, Hertfordshire. The
doors of the Banking house are kept open, and persons
in attendance to answer all enquiries.

This forenoon we received Dutch Papers to the I lth
inst. One of them, the Amsterdam Courant, of the 10th
inst. ceutains a curious article from Frankfort, in which,
after n-nicing the changes that have taken place in the
Cabinets and the Coops Diplontatique of Europe,ancl the
appointment of Count APPORUY as Ambassador nom
Austria to the Court of London, we ate told that 4. he
enjoys the ft iendship of the Cardinal Secretary of State
at /i nape, and may thus intervene with effect in Me
affairs of the Catholics in Ireland, in which Pope Lao
XII. is said to have solicited the support of Austria."
That the POPE may have made such a request, we
doubt not ; but that the EMPEROR of Austria Hill per-
mit, much less authorise, his Ambassador to become the
Popes Nuncio—the ally of the Catholic Association,and
a medd:er between his Britannic MAJESTY and his sub-
jects, we will not believe. If he did, Count APPORUY
would not long remain accredited to the Court of Sr.
James's. The following isthe article to which we allude i

FRANKFORT, DEcnntra• 5.
The great changes which sometimes take place
among the Ministers of Europe, afford a key to
the politics of the day, and it is not surprising that
people are at this momelt very attentive to what takes
place in the higher, branches of the administration of
different Governments. Prussia has now at the head
of its War Department, Feld Marshal Gneisenan, the
'same who was Chief of the Staff of the Prussian army
in 1814-1815, of whom it was said at that time, he
was General of the (yficers of that army, and Blucher
General of Me Soldiers. Toe King of Prussia has also
appointed him Minister for Foreign Affairs, a nomina•
tioo which perfectly chews the character of the Prus-
sian Govern7ent.

In Austria, the celebrated Count 13e11egarde, Chief of
the War Department, who, during the Imperial Go-
vernment in France, was long charged with that im-
mense burden, has been allowed to retire, and his suc-
cessor is the Prince of Holtenlobe Ifechingen, who is
'sa'd to be' an intimate Irie,td of Pi ince Metternich.
What especially exercises the sagacity of observers, is
the removal of Prince Esterhazy from London to Paris,
and his being succeeded by Count Apporuy, who has
Vett long at Rome, and was lately sent by Prince
Metternich on a mission to Naples. It excites surprise
that Prince Esterhazy, who is fond of London, and en-
joys the favour of George IV. and who has much ex-
erted himself to retain the Embassy at London, should
be obliged to give up the post which he prefers. It is af-
firmed tha. Prince Metternich feels the necessityofleaving
at Paris a great Nobleman, who being opulent might
live on a splend d footing, and being initiated in the
diplomacy of the British Cabinet, might, on occasion,
be employed between London and Paris. As for Count
Apporuy, he unites all the qualifications of a powerful
Nobleman and an experienced Statesman; he enjoys,
besides, the friendship of the Cardinal Secretary of State
a: Rome, and may thus intervene with effect in the
affaiis of the Catholics in Ireland, in shich Lso XII.
is said to have solicited the support of Austria. This
latter circumstance explains how Count Apporuy, after
being employed in secondary missions, his been raised
at once to the first Embassy in Europe. In fact, Austria
could not find a person better calculated to till such a
post in delicate circumstances, anti at a moment when
the policy of Rome acts such a great part in the diplo-
macy of Europe.

We have received the Etoile of Sunday. It contains
an article from Rome, stating that, " at the desire of a
foreign Government, the police has seized the papers of
the Prince de Montfort (Jerome Bonaparte), in the soli-
tary chateau near Ferno, on the shores of the Adriatic,
where he passed the last summer. Madame Murat
has asked permission to reside at Rome, but has been.
refused. The Collet De St. Len (Louis Bonaparte)
wants to !eerie Rome and settle at Florence, but has not
yet found a purchaser for his palace at Rome."
Accounts from Presburg of the 29th ult. state, that
the Royal resolution of November 9, in answer to the
complaints of the Diet of Hungary. had made a very
disagreeable impression, stud the States were on the
point of repeating their complaints, perhaps in still
stronger terms. But in the proposal of some less
ardent Members, the Diet resolved to ask the mediation
of the Archduke PALATINE, who set out for Vienna,
and represented the. real state of things to his MA•
JEETT, • when the: declarations of his august brother
tranquillised the minds of the Estates.

This forenoon we received Frankfort and other Ger-
man Pipers to the 7thitist. They contain some intel-
ligence trim, Greet* The Oriental Spedator of the
28th of October states, that the Turco-Egyptian fleet
(which a French Journal reports had, to the amount ofl
one handled and thirty-nine sail, arrived at Modon and,
Nkvariho, on the 4th end gib ult.), passed Rhodes on
L the 21st of October. The land forces are under the

-i•I

9
' eoshmand of MICHA REU Biz who is charged to sor,
sede RXDSCHIIb PACH A. in the siege of Missoinr
unless he takes that fortress in three days Th
• liz
forces of the expedition are stated to consist of 14 ki
cavalry, and 10,4.00 infantry, 2,00 e of whorls pert I
be landed at Crete.
ISRA tint PACHA is represented as having, on
fifth of September, taken by storm the little fortress of Kipuitc,,,
and " put to the sword 1700 soldiers and other persons who
sh‘ri
in It." The Egyptian leader is represented as laying Wane
.
Protrincel. it is known that Colonel navies with about 30e
men, some tithe agd attempted to surprise Tripolizza, and hike
The Oriental Spectator represents his force at 3000, which is
et:
tremely improbable. The same veritable chronicler states, ti. 4
great preparations for defence are making in the Greek ishr...s,
which are terrified at the new expedition from Egypt.