Star.
London, England, 1824-03-29 00:00:00

FRENCH FINA CE.

The Moniteur of Friday contains a long article, under
the head of Finance,,on the- redemption of the French
S per cents. or the reduction of theinterest on such part.
as may not be redeemed. The following are the prin-
cipal arguments employed on the subject:—
" As soon. as the public funds are above par, this
fact alone is equivalent to a public notice given to the
Government that it may immediately borrow money at
a lower rate of interest than it pays its present creditors.
Such a notice cannot be neglected by an enlightened
Government, whose duty it is to lessen, whenever it is
possible, the burdens of those who contribute to pay
the interest of the national debt. This is also the mode
adopted by private persons, when their credit improves.
The Government has an additional motive fot such a
step, since it is notorious, that had not something of the
kind been expected, even before it was formally an.
nounced in the King's Speech, the renter, which were
at 104, would be now 108, and would hot have stopped
there. Such a progressive rise above par would fetter
the operations of the Sinking Fund, since, with a given
sum, it would redeem a smaller amount of rentes ; and
this excess would be the more to be regretted, as the
State never received the whole capital for which it re.
cognizes itself a debtor. In fact, in the most advantage-
ous loans, it never received above 88 fr. and in others
it was forced to accept 50 fr. only, for 100 inscribed.
" It may be objected that the Government could sup-
press or suspend the sinking fund, erase from the Grand
Livre the 33 millions of rentes which have been already
redeemed ; subtract from the budget the 40 millions
assigned to that fund, and there will be at once a reduc-
tion of 73 millions in the burthens of the-State. Such
a notion is more specious than solid. First, most of the
loans were contracted under laws which enact the
annual redemption : the lenders reckoned on this, and
a change of system would be deceiving them. Secondly,
the daily purchasers, by the sinking fund, afford a mar-
ket for those fundholders who are desirous of selling,
and without this the market might be at times exposed
to a sudden and dangerous depreciation:- The article
then proceeds to infer that the sinking fund must not be
touched ; that it is the corner-stone of public credit, on
which the edifice of the financial prosperity of the king-
dom reposes. "To the objection that the proposed mea-
sure is not legal, a single line of the civil code com-
pletely refutes it.—Article 1911 says, " La rente con-
stituie en perpetuel est essentiellement racheta&k."

• 'FIIE EVENING STALL

LONDON.

MONDAY, MARCH 29, 1824.
THE FUNDS.

STOCK EXCHANGE, TWELVE O'CLOCK.

'Consols opened this morning at 95i to h, got op to a, went back
again to for the Account; and for Money 95 toj—for next time
(May) 953. In the early part of the morning there was some bu-
siness doing.

FOREIGN FUNDS.
The most doing in this Market is in the Alliance Shares, which
opened at 16, got up to 17k—up to this hour they are 17.
Current Prices:—New Spanish 17} to 18, Old 21i, Colombian
68 to 4, Chillan 814 to 82, Mexican Scr:p 74, Austrian lti to 4,
Russian 974, Greek 1 dis. Portuguese 951 stock, Alliance Shares
17, French Three per Cent. 81, French Reines come 1041. 35c.

FOREIGN EXCHANGES.
AmsrznnAm, MAscu 26.—0 n London, 39. 5. 2 M.:,9. 3.
rnien OF STOCKS AT ONE O'CLOCK.
per Cent. Consols 95 1/4 95 V 4 95
4 per Cts. New 107 A %—lndia Bonds 79i. 78s. 80s.
I.:%cl•cq. bills (.C1,000) 555. 535. 555..5ma1l 543v575.
Bank for Acct. 2469/.} 247—India for Acct. 293
Consols for Acct. 951/.4 Vs % 1/s.

The French papers of Thursday and Friday reached
us last night, and this morning we received the plo-
niteur of Friday, by Express.
A telegraphic dispatch announces, that the brig
Euryale, commanded by M. de MAIR:, and the galliot
the Provencale, under the command of M. TEXIER, had
sailed from 13re,t on the 26th inst. for the coast of New-
foundland, in order to protect the fishery, and that
the Bietonne, another King's ship, M. MouaGuE, would
follow for the same destination.

Another telegraphic dispatch announce; that the Jean
Bart, and tl.e corvette of war the Pomona, had sailed
from Brestlon tb.e 21th imt. The corvette, uiider
VIGOUREUX DE KERMORVANT, in order to repair to
Toulon. The Jean Bait, commanded by. M. TOUFFETs
mill proceed to join ,the naval squadron cruising off
Brazil, under the orders of Captain GRIVEL.
The French Papers are chiefly filled with the pro-
ceedings in the Chamber of Deputies. On Thursday,
the Chamber of Deputies was occupied ;uncaring the
Reports of Committees appointed to inquire into the
circumstances and validity of the election returns.—
The qualification of General FOY became a subject of
dispute, from the mode in which that part of his contri-
bution is paid which does not arise from laud. this half-
pay, composing a part of hi, income, pays a contriliu-
tion which was forme? ly deducted from it before it
came into his hanJ. For the two last years the mode
of levying this contribution has been altered, and the
contribution is elf has actually bean neglected. The
General, however, is still entitled to the pay, and being

willing to pay the contribution, in,,ists that he is eligible
though it has not been demanded. The point was not then
decided. In various instances the Liberal party, through
M. GIRARDIN, M. MEcuts:, and other Members, com-
plained of the mode in which the returning, officers had

-refused votes which were legal when in favour of the
Liberal Candidates, and allowed persons to vote who had
no legal title to appear in the Electoral College. The
reporters of the commissions, however, always suc-
ceeded against these complaints and remonstrances.
On Friday the sitting was opened at two o'clock,
when a petition was presented from some individuals
in the Arrondissement of Dijon, complaining of their
being excluded from the electoral lists. The Cham-
ber, however, confirmed the election of M. SMJNAC.
The next Petition was presented' by M. GIRARDIN,
against the election of M. NICOD, DE RONCHAUD,
for the First Arrondissement of the Department of

the Jura, signed .by twenty- persons, claiming the
'rank of electors. In this instanter as in the preceding,
the Petition was ciiSinissed, and the Deputy admitted.
Such, indeed, was the case in every Petition against the
•
return of an Ultra-Royalist.
In the Sitting of Friday the election of General FOY
was confirmed, A long discussion then took place on
the validity of the election of M. BENJAMIN CONSTANT.
The Reporter of the Bureau proposed that it should be
c9nfirtwed. M. DUDON expressed his astonishment at
such a proposal, and declared that he did not possess
the:requisite qualifications for a Deputy. He begged not
to be suspected of any spirit of malignity in denying the
eligibility of M. CONSTANT to a seat in.that Assembly.
He proceeded at great length to give the personal his-
tory of M. CONSTANT, in order to shew that not being
a native of France, and not having obtained letters of
naturalization, he -was not eligible. M. DoDox did not
omit betraying his opposition to the politics of M. CON-
STANT. " lf, said lie, we are compelled to see in this
Chamber, persons professing such political opinions a)
M. CONSTA N T.—"

Here the speaker was interrupted by M. GI RARDIN,
who reminded him that the elections had been so ma-
naged that the number was not great. " What, do you
feel hurt !" exclaims M. DUDUN• NO ;" replied M.
GIRARD'S, 44 nothing that you can say will hurt me."
M. DUDON expressed his doubts whether the Minister
would solicit letters of naturalization for M. CONSTANT;
and that if he even obtained them, whether the Cham-
ber would verify them. The Deputy concluded a vio-
lent speech, which excited much sensation, by declaring
that M. CONWANT was not a Frenchman, and therefore
ought not to have a seat in the Assembly.
The Reporter of the Eighth Bureau vindicated
himself and his colleagues, in proposing to admit 51-
`CONSTANT, and said they were ignorant of . his ances-
tors having left France for any other cause, than on ac-
count of theleligious disputes which pervaded at the iime.

M. BENJAMIN CONSTANT demanded
.to be heard,.
when he was interrupted by criei of " To-morrOvir-
to-nrorrow !" and by others, who called out " N0,.n0
hear him." Having obtained leave, he addressed the
Chamber as follows;—" Gentlemen, the justice of this
Assembly will undoubtedly pardon the details into
which I shall be compelled to enter, in order to. shew
the incou-ectness of the assertions of M. Dudon. It will
also not feel surpr iced that I am not at present altoge-
ther prepared, for I have heard but vaguely the at-
tack made upon me."
M.CONSTA NT was proceeding to prove his eligibility,
when he was interrupted by cries from all sides of " To-
morrow I" " %o-trorrozo r and several of the Deputies
quitted the Hall. The President then adjourned the dis-
cussion to the following day.
Tire. Journal des Petals notices a Royal OrdOnnance,
said to have been issued at Madrid, which fixes the fate
of all the military belonging to the Constitutional
Armies—those who have abandoned the armies, and
those made prisoners or comprised in the capitulations-
It is a true military armistice. It is not only-a general
pardon for all that has passed, with the only reitric
tion not to inhabit Madrid nor the (Shies) royal re-
sidences; but it leaves to the military the hope of re-.
entering the-service.
This military armistice was secretly prepared in the
Council of Ministers; it had been more than a month
in pteparation in the Council of War, composed of an-
cient military. _

Dutch Papers to the 27th instant reached us this
morning. They contain the following interesting intel-
ligence relating to the Greeks

AUGSBUItG, MARCH is.

We have received, by letters from Trieste, some new
particulars relative to the situation of the Greeks, of
which the following is the tubstance:
Omer Vrione, jealous of Ismael Pacha, in whom
the Greeks place more confidence than in him, has sud-
denly renewed his ancient connections with the Turkish
Commanders in Thessaly, and put numerous garrisons
into Arta and Prevesa. Ismael has marched against
Omer, and gained great advantages over him, the re-
sult of which is, that he is quite master of both banks
of Upper Aspr,opatamo, whence he communicates with
the Greek General Zongas, whom Prince Maurocordato
has had the precaution to detach with reinforcements
towards Rentina, while a Greek corps of reserve has
been stationed near Zapandi, on the road' which leads
from Prevesa and Vonizza, in order to oppose aAy at-
tempts which Omer might make, with the intention of '
relieving Lepanto, of which the Turks are very de-
sirous to raise the blockade. An Ottoman corps which
had marched from Thessaly about the beginning of the
month of February, to advance by way of Patradgik,
towards Lepanto, and which had come as far as Lid-
loriki, in Livadia, was met near this latter place by the
Greeks, who cut them to pieces, and took the artillery,
horses, and baggage.

.The negogi;tion; that had been commenced for the
surrender of Pettras, are broken off, the Greeks having
refused to agree to the terms proposed by the Turkish
garrison, which it seems has still provisions enough for
some time.

Letters from Lausanne state, that the long pending ne-
gociation between Naples and Switzerland, for an ex-
change of men for money, has at length been concluded.
The following are the conditions on which the Govern-
ment of Berne is disposed to enter into negociations
with Naples for a military capitulation, by which it
would furniAt 400 men I

I. That the Neapolitan Government shall do justice
to the claims of some Cantons for arrears due,to their sub-
jects, and, or iginating in the former military engagements'

2. That a sufficient number of the other Cantons take
part in the negotiations, in order to form a suitable eorps•

S. That the manufactures and produce of Switzer-
land be freely admitted into the kingdom of the Two
Sicilies, on the payment of moderate duties.
4. And lastly, that Swkrerland may, incase of need,
purchase and freely export corn from that kingdom.
The Canton of Thurgovia seems inclinect to furnish a
company.

•
We have received accounts from Bayonne to the 21st
instant. They contain nothing of importance, except a
report that all the foreign Ambassadors had had a meet-
ing at Madrid, " to give at length a solid GovernMent
to Spain," and that the question of Chambers and of a
Charter had been brought forward, and discussed. Now,
as it is not in the power of the foreign Ambassadors
" to give a Government to Spain," the repot t of such a
Meeting having been holden must be unfouhded, or
what was merely matter of recommendation has been
turned into an attempt to dictate.

!New York Papers to the 2d March reached us this
morning. The following are extracts:—

FROM TILE NEW YORK GAZETTE OF MARCH 1.

Fttora HAVANNAH.—We have received by the sloop
James Munroe, Havannah Papers to the 16th ult. The
captain of a vessel from Porto Rico informs us, that the
commandant of that place received information on the
`2d, that S 1111 a Fe de Bogota had declared in favour of
Ferdinand. L ite advices from Mexico state that the-
English CoMmissioners hail left that place.

We have Curacoa papers to the 31st of January.
Accounts from the Liberator Bolivar, at Lima, are to
the 25th of September. Them had been much confusion
among the l'attiots, and a 'evolution in the Govern 7
meta ; but Bolivar had done much to allay the tur-
bulence of faction, and it was confidently believed ,
he would restoie good order and harmony. The
Royalists were yet in some force in the interior,
though there were rumours of some partial successes
against them, which, if true, it was supposed would
compel Canterac to follow the example of Morales.--
The Peruvian Congress has confided the salvation of its
RepubLc to the Liberator. The Liberator, on present-
ing himself in the ball of Congress, amidst millions
of acclatnAinns of joy, confidence, and gtatitude,
pledged himself to make the greatest efforts to realise
the wishes of his heal t and of Congress. This body
assigned him 50,000 dollars salary timing his con-
tinuance in Peru ; decreeing at the same time the pay-
ment thereof in preference to eve! y other claim, but
the magnanimous Bolivar modestly refused this provi-
sion,-stiting that be was sufficiently provided for by
the salary granted him by the laws of Colombia. A
splendid banquet was given' in honour of him on tilt
same day by the Govel'itment. •

The British fiigate Thetis arrived at Havanna!' on
the l3th, from Vera Cruz, and hi ought information
that many families had returned to their homes since
the. firing between the Castle and City hid ceased.
Fitost Sr. DostutGo.—We learn by the Curlew, that
news had reached Aux Cayes,. that a formidable fleet:
Svas fitting out at Brest, and it being believed that an
attempt would be made upon that island, every man able
to bear, arms was compelled to perform military duty.

It was expected rhal the Expresses which last arrived
from Paris, would have brought some intelligence from
Madrid respecting the negotiation for a new Loan, but
the letters and the Journds were wholly silent on the
subject. Extreme slowness and ci, cnmspection are in-
cidental to every negotiation in %%Well the Spanish Go-
vernment is concet ned ; to which -is to be added, the
effect of the extreme 'reluctance with which FraftniNA ND
engages in this. His credit has sunk so low in this
market, that even his acceding to the terms proposed,
unless under the strongest and most effectual guarantees,
would fail to inspire confidence here in the securities
issued in his name.

Hamburgh Papers announce that M. de Tatischefft
the Russian Senator and Negociator had left St. Peters-
burgh for Vienna, and that the great commercial house
of Lundholm and Co. at Stockholm, had failed fot the
sum of 400,0(X) rix dollars. banco.

Brussels Journals contain intelligence from Semlin,
accoruing to which it appears that a large Turkish army
was assembling at Schumla..Tiri, is said to have caused
flinch anxiety and alarm, as Schumla was the place
.ibere the Grand Vizier's army was assembled during
the last war with Russia.
The accounts lately from Egypt state that the pro-
gress of the cultivation of cotton, and the general im-
provements in that country, exceed the most sanguine
expectations which were entertained ; it has attracted
.Bt itisls capitalists and merchants to such an extent, that
a sum of thirty thousand pounds in specie has lately
been shipped for that quarter. The money was taken
on board ships of war to Malta, and lions thence re-
shipped to Egypt. Last week above one thousand bags
of Cotton from this quarter were sold in the City ; and
at Liverpool, we understand, the arrivals during a week
have frequently amounted to two and three thousand
bags of the finest cotton wool.
Advices have been received from St. Petersburgh,
through Paris, to the 16th ; by which it appears that the
recovery of the Emperor of Rtissla. from his lite ill-
ness has been attended with an extraordinary activity in
the Civil and Military departments. The Governors of
the Provinces had been summoned to St. Petersburgh,
and couriers were arriving there daily from various parts
of the Continent. The object of all this bustle remained,
however, a profound secret. With Paris, Vienna, and
Odessa, the intercourse was incessant; and it was un-
derstood that the dispatches from Constantinople were
of considerable importance. The affairs of Greece oc-
cupied almost the exclusive attention of the Austrian
and English Ambassadors, who had daily conferences
with the Russian Minister for Foreign Affairs; and the
most sanguine hopes were entertained that the dispute
between Russia and Turkey would-be arranged to the sa-
tisfaction of the Greeks. The Russian Funds had expe-
rienced a sudden depression, from the military prepa-
rations on foot; but at the date of these advices they
were recovering.
The arrivals of Cotton last week in Liverpool were,
we believe, the heaviest ever known. They amounted
to more than 30,000 bags:

. -

I'

THE KING.
•
.
WINbSOR, MARCH Q •
Yesterday afternoon, at a quarter after ttto.o'clock,
his IVlalarrit drove to-the Lodge in leis pony phaetoti
attended by the Marquis CONVNGHAM, and returned
about five o'clock to the Palace, where his MAJESTY had
a select dinner party. Among the company were—
The Rat! and Countess Bathurst, Lady G. Bathurst, Rail of
Bristol, Lord Hervey, Lady A. Hervey, TAf.l•Anciarp. the Duke
of Dorset, Lord and Lady lllaryburough, att.
His MAJESTY will have a select party to. dinner to-
day. Among the company expected are-- ,
lkr Royal Highness the Princess Augusta, the Duke of Welling-
ton, Mr. Secretary Canning, and the Earl of Latliraule.
This morning the KING, with his-usual attendants,
heard Divine Service at his private Chapel, in the Castle.
The Service was performed by the Rev. Mr.'Sumisait.
Her Royal Highness the Princess AUGUSTA had Di.
vine Service performed this morning, at Frogmore.
FASHIONABLE ARRANGEMENTS FOR rut ;;Tir.

THIS EVENIXC.
EMILY 'Marchioness orLowoosmunair's Rout, St. James's-squire.'
The Marchioness of Lawsomor's Party, Berkeley-square.
Lady Won P . ' Party, Great Cumberland-place.
Lady ALVANLEY'S Music Party, George-street, Hanover-square.
Mrs. 'notes Route St. James s-place.