Star.
London, England, 1822-04-26 00:00:00

1
i

I

it
i'
ilt
I

.

•
• 4!",

LONDON.

TIIE EVENING STAR.

FRIDAY, APRIL 26. 1822.

STOCK EXCHANGE, TWELVE O'CLOCK.

Very little business is doing this morning in the 'gasket;
Consols opened at 781 for the Account, and have been done at
7$ for the Account, and 781 for Money.
FOREIGN MARLIT.—For these four days past very little has
been done in the Spanish Bonds, owing, it is supposed, to the
near approach of the Account Day, which is on Tuesday next,
and it is thought they will not mend until after that period.—
Other Foreign Securities are also heavy this morning, and little
doing in them.—Spanish 6.5 i to /1, Prussian 85 (sellers), Danish
(sellers), Neapolitan 68A New Columbian 851 (scarce),
Old Columbian 1081 (scarce).

STOCK F.KCH ANGE, ONE O'CLOCK.
There has been a good deal of business within the last hour,
anti the Msrket looks well.

PRICES OF STOCKS AT ONE O'CLOCK.

Bank Stock 240 239'
3 per tent. Reduced 7714 3/8.
3 pei tent. t:ons.7B 1/4 3/8 1/4-31h per Cts. 88%
4 per Cts. 04% 1/8 Vi
5 per Ceut. Navy Arms. 1021/8 1/4
Bank Lein % Annuities 195/s 9-16
India Stack 211—Bonds, 565. 58s. pre.
South Sea Stock, 871/4
Exchequer Kills of £l,OOO, ss. 2s.
Ditto Small, 2s. 7s. pre.
Consols for May 78% Vs

The agricultural clamour about low prices is now
pretty well understood—better indeed than many
who make the outcry could wish ; but still it is con-
tinued, in the hope—we trust the vain hope—that
the Legislature will commit a direct act of injustice
to every ether class in the community, for what these
men call the relief of the agriculturists; but, in fact,
for the enriching of the proprietors of land, by se-
curing to them exorbitant rents.
The homers themselves—many of them, though
others are gill blind—now understand the question
perfectly ; and we are therefore the more surprised
that they should, at all the public meetings, have al-
lowed their interests to be identified with those of their
landlords. In fact, if Parliament, by a legislative
act, could raise the price of the quartern loaf to two
shillings, the measure would only tend ultimately to
advance the rents, and convey the extra profit into the
pockets of the land-owners. This the farmers know;
but, in the meantime, those who took leases in the
dear time, are expending their capital in being still
obliged to pay excessive rents to their landlords :
for, though some of the latter have made an abate-
ment in their rents, many continue still to exact the
utmost farthing, and of those who have lowered them
but few have reduced them to the rate they were at
before the war prices commenced.
It is natural enough for rapacious men to wish to
continue in the receipt of exorbitant rents, and there-
fore it is no nay surprising that they invite their te-
nants to join them in clamorous outcries to Parliament
for relief, and that such of their tenants as are suf-
fering from their rapacity, should join in their peti-
tions. But, in truth, when their clamours are
viewed in their true light, they amount to this :—let
us rob ard plunder the rest of the community, that
we may riot in the same luxuries that we were able
to command from the excessive prices that resulted
from adventitious circumstances connected with a
state of warfare which gave to this country the prin-
cipal commerce of the world.—How else are they to
obtain the relief they now seek? If excessive prices are
to be secured to them, it must be at the expense of
others. We mean not to assert that no relief would
result to them from a great reduction of taxes; for
though it be true that high taxes are never the direct
cause of low prices, but, on the contrary must enhance
the price of commodities, yet indirectly they operate
in the case before us to reduce the prices of Agricul-
tural produce. But how ? We much doubt if these
clamorous men understand, or have ever troubled
their heads to inquire in what way high taxes can'
possibly operate to reduce the price of corn. It is,
however, a question in which they are deeply in-
terested ; and had they understood it, they would
not have deferred to so late a period, presenting their
united supplications to Parliament for a reduction of
taxes and public expenditure. The solution of the
question is in itself very simple.
The great mass of our population live upon the
wages of industry. They can carry to market only
the amount of their earnings ; and in proportion as
tile prices of articles of indispensable necessity are
enhanced by taxes, by the expense of collecting
them, by the profits of tradesmen upon their advance
in the first instance, and other casualties, so must
their ability to satisfy the cravings of a hungry belly
be reduced. Then what is the necessary consequence?
They are obliged to be satisfied with half a loaf, when,
under a better system, they would eat a whole one. In

other words—the taxes paid by ocr labouring classes
operate to diminish the consumption of Agricultural
produce to an extent not to be even imagined by those
who have ne v er paid attention to the subject:and thenwe
are told, forsooth, that we are overstocked with corn!
If we are overstocked; now that the prices do enable
our labouring classes to constirms more than they
could purchase some time ago (though still obliged
rise unsatistizd from their scanty meals), what
Ild have been its amount had the consumption
ttinued on the same scale as during the time of
it greatest suffering ?—What would it have been,
Id our unfeeling half-economists have sent off a

IF • .4
110 •

:

'large portion of our population to people the wilds
of America and Africa ? Blind, infatuated men I--
And how astonishing to think, that some of our
statesmen should be infected with the same Mal-
thusian malady, and not perceive that every diminu-
tion of population must be attended with a propor-
tionate diminution of revenue!

We have been more particularly induced to speak
on the subject before us at this time, from having
observed, that on Monday night Mr. %STERN gave
notice in the House of Commons, that he would on
the 2nd of May, submit a motion on the subject of
the Bill for effecting a Change in the Currency.
With the nature of the motion we have not the means
of being acquainted, but from the outcry of the
Landholders in their different petitions we have little
doubt that its object (if its friends can accomplish it),
is to have the Country robbed and swindled a second
time by a restriction of some kind on the issue of
Gold from the Bank!

This is a subject of such vast importance to the in-,
terests of the community generally, that we cannot
refrain from calling upon every class to nett their
individual and united efforts to frustrate any attempt
that may have such an iniquitous object in view. We
have, to be sure, reason to believe, from everything
that has dropped from Ministers whenever this topic
has been alluded to in Parliament, that they are re-
solved not to alter the operation of the Act, com-
monly called Mr. PaaL'a Act, which restored to the
country a healthy currency. But on a question of
this nature those who, by the operation of the Cash
Suspension Act, participated so largely in the plun-
der, will be very ready to lend their aid to a second
robbery; and therefore Ministers should, by Addresses
and Petitions to Parliament from every pat t of the
country, be afforded that countenance and support
which they ought always to receive when they pur-
sue measures which are calculated to promote the
general interests.
On the question of the Currency our country gen-
tlemen have yet much to learn. The distresses of
which they now complain are, in a great measure,
nothing else than the necessary result—not of our
having returned to a metallic currency, but—of out
ever having departed from it! That the satellites of
Threadneedle-street should cry up the policy of an
exclusive paper circulation is not surprising ; but
that men who have seen, by its operation, almost a
fourth part of the national property transferred into
the pockets of Bankers and money brokers, should,
instead of inquiring at whose expense this has been
effected, be anxious for a measure which would ine-
vitably be followed eventually by a similar result, is
indeed amazing.
Away with such folly. The present distress, as it
is called, will have a beneficial result in more ways
than one. Our Farmers will, in time, return to their
former habits of industry and economy ; and our
Landholders must do the same. But this is not all—
our Farmers will be under the necessity of improving
their modes of husbandry, which in many counties are
extremely defective.—But of this on some future day.

The foreign intelligence received this morning pos-
sesses little interest. The French Papers of Tuesday
state, on the authority of letters from Vienna, that
M. de LUTZOW had officially demanded, three dif-
ferent times, a new conference with the REIS Er-
FENDI, bnt he could not obtain it. Ile had already,
before this, remitted a new note, in which he developed
all the reasons which ought to induce the Porte to re-
consider the decision of the Divan of the 28th of Fe-
bruary.
This Note was very detailed ; having re-
mained without answer, he, in concert with Lord
STRANGFORD, caused another Note to be delivered,
which is said to be drawn up in still more forcible
terms; but this new effort has not been more fortu-
nate than the preceding.
An article frum Odessa, in these Papers, is to the
same effect.

This forenoon we received a Dutch Mail, bringing
Papers to the 24th instant. An Address is said to
have been presented by a Committee of the Dealers
in Grain at Amsterdam, to the King of the NETIIICR•
LANDS, requesting that the importation of grain may
remain free, and the present legislation on the sub-
ject be maintained.
It is said that the Committee has attempted to de-
monstrate that the prohibition of the importation of
grain will never attain the object proposed by it,
namely, to effect a rise in the price of grain ; that,
on the contrary, as the spirit of trade and speculation
in this article must necessarily be put a stop to or
diminished by such a measure, the prices, in all pro-
bability, would rather fall than rise. The Committee
farther seeks to shew the great injury which such a
measure must occasion to commerce, which is the
sinew of the State.

We have received a letter from Paris, which in-
forms us that the Cabinet of St. Petersburgh has in-
vited the Courts of Vienna, Berlin, Paris, and London,
to declare to the Ottoman Porte, that in case of a
rupture with Russia, the Ministers of those Courts
would immediately quit Constantinople. It appears
that Prussia and Austria have made an engagement
with Russia, conformable with this invitation; but
that France has positively refused. England has not
yet answered. We have reason to believe the perfect
accuracy of this information, which presents consi-
derations of much importance on the great political
crisis, the denouement of which is approaching.

:

. '

NAVAL INTELLIGENCE.
CAUTION TO VOSstf.ll Bowen TO POILTIOALTISO English brig
Love, R. WILLS Master, arrived at St. Übe's, from London's.
the 9th instant, and was placed under quarantine, for not having
a BM of Health from London.
Yesterday, the dispatches were closed at the East India Boum
and delivered to the Pursers of the following ships, viz.—Lad:,
Melville, Captain RWHARD airman ; and Regent, Captain
ROBIRT Wll/4:111T NORTIIIII, for Chins direct. •
KINSALs, Arm,. 21.—Went on shore on the rocks to the west-
ward of the Old Head, the Albion, of and born New York for
Liverpool, with a few bales of cotton ; and 241 paseengen and
the Captain were lost—one passenger and four of the crew
saved. Among the passengers lost were seven females. The
vessel is entirely gone to pieces.

_
ANOTIII IR ACCOUNT.
KINSALU, Arau.2l.—The Albion, Wutusce, kora New Tort
to Liverpool, is canny lost off this port. One passenger and
seven seamen saved ; the Captain and sta passengers low, amongst
them seven Ladles.

axxxsa ACCOITNT•
The Albion packet, Captain Wausau*, was lost the 21st inst.
near Old Head, off Kinsale ; the Muter, 22 passengers, and all
the crew, except four, were drowned.
Fausonvu, APRIL 24.—Wind &W.—Arrived the Ceres, Ru.
zaz, for St. Michael's.—Two, rat.—The ship Maria, of Loa
don, is now going up the roads with loss of main-topmast.
PLYMOUTH, APRIL 24.—Arrived the Expedition, Blows, from
Cadiz. Sailed the Mount Stew, Hums, for London p and Ash-
long, fizzu.s, for London, both from St. Michael's.
PORTSMOUTH, APRIL Ss.—Wind W.S.W.—Arrive) the Lay-
ton, Maize, from the Downs for Bencoolen; Wellington, Az-
Drum, from St. John's, New Brunswick. Sailed the Jesse,
Cr.% roam, for London.
MAL, Aram 25.—Wind W.—Arrived and sailed for the
River, the Hercules, Dew, from Jamaica; Caledonia, from Mo.
gadore ; and Thames, from Alexandria.—Put back to-day, by
strong adverse winds, the Neworth, Beacucaorr, for Demerara,
and some others, particulars unknown, and remain with the out•
ward-bound u before.—Seven e'Clock.....Wind W. by S.

to ri
14,1 woul
. ,t cotAi
t ,
tkieir
coult
•