Star.
London, England, 1825-12-14 00:00:00

THE ARMY.

The Depot of the 12th (East Suffolk) Regiment of Foot, sr.
~,_d nn the 7th inst. on board the Boraslino transport, at Cork,

1 al
fr.; Plymouth.
• The ild Rattalion of the Rifle Brigade has received orders to
'murk in three divisions, on their arrival at Cork from Ports.
roath, on hoard the Cato, Vibelia. and Sovereign transports, for
conveyance to Malta.
I Detachments belonging to the Sth. 13th, 16th. 20th, 23d, 28th,
It 4, 66th. 39th. 40th, 46th, 47th, 49th. 64th, 71st, 83d, 87th,
75th, and 97th Regiments of Foot, and the East India Company'.
.ervice, embarked, on the 3d inst.. under the command of Staff
:ajearn HALLINAK. at Cork, for Bristol. A Detachment belong.
1.4 to the i sth Regiment of- Infantry, embarked, on the 3d inst.
.. Dublin, fur England, on the Recruiting Service. Detachments
stlonin:: to the let Battalion of the 60th Rifle Corps, the 93tb,
l'''.,, and 9:lth Regiments of Foot, embarked, on the 3d instant,
the command of- Staff Serjeant llacalionit,. at'Dittilin; for.
„-,,4 -Detaehments belonging to the 13th Itegiment of Light
'll:goons, the 2d, Bth, 110, 15th. 18th. sash, 31st, 39th, 41st.
40, 46. b, 47th, oth,s4th,lloth-(2d Battalkta), 64th. 67th, 83d,
r.Stfi,. 87th, and 89th Regiments of Foot, the Royal Staff Corps,
a the Fast India Company's Infantry, embarked, on the 3th
tie. under Use commend of Staff Serjeant CILAWLCY, at Dublin,
fur England. .. .

' THE LATE DUCHESS- OF.GRAMONT.

-. •,: .

The fullowing 'hues's, honourable to the feelings of
the *liters, have brovaddressed•to the'Lotd Provost of
Eiiitiburgh

Cvannshkriat).
Paris, Slat Nov. 1 d2S.
Mr Loan—ln the name of all my fatiilly, I ant anxious to ex-
prea to you aU my gratitude, for the we., the attentions, and the
blooms that you have paid my late wife.
You wished that this mournful ceremony should be conducted
si:h the gteatest pomp and magnificence—your wishes have been
more than realised.

I have learnt that you, my Lord, the Magistrates of Edinburgh,
tal other persons of distinction, accompanied the procesdon as far
ai Newhaven. This has sensibly affected me.
.1 recognise in these attentions, the Magistrates of that hospitable
whibeh sheltered in her bosom, our King and his followstal
retognhe in them, the Scotch, in every age, friendly towards our
wino. whether in prosperity or in misfortune.
You have been anxious, in bite, to honour, by your attentions, a
icily, who, in the day of adversity, had opportunities of appro.
easing within your walls the tricot noble hospitality, the deepest
h,rest.
I Lave the honour of begging you, my Lord, to be my interpre.
r.: towards the Magistrates, and other public authorities of Edit'.
entreating them to receive the thanks of &grateful family.—
For yourself, my lard, deign to receive the assurance of the high
Lzdaluats with which I have the honour to be,
My Lord,
Your very humble and very obedient servant,
(Signed) The DUKE DE GRAMONT.
7::: Veit lion. the Lord Provost and Magistrates of Edimhurgia.
(Copy) London, Sth December, 1325.
SO, Portland Place._

My Loan—Having received a letter for your Lordship from
0:e Duke de Crarnont, I cannot forward it without adding a few
lees, which I trust your Lordship and the Magistrates of the city
a Edinburgh will accept as the tribute of my gratitude, for the
very feeling and highly honourable manner in which the Duke's
visite% have been accomplished with respect to the removal of the
remains of my lamented sister. the Duchess de Gramont, thus cos.
using, even when no more, thew tattering distinctions to the me.
vary of a regretted member of it. with which all our family were
crated iu Scotland, a country which, together with its inhabitants,
eta ever be esteemed by me.
May I request your Lordship will interpret my feelings on this
inriantitoly occa►ion to the Magistrates of the city of Edinburgh,
atd allow me to remain. My Lord,
Very sincerely yours.
(Signed) PRINCE POLIGNAC.
The kilt Hon. the Lord Provost and Magistrates of Edinburgh.

TEE PRESEN4O.IITATE OF THE NIONI Y
- 'ailtattr.

• •
TROIA Tilt TIMM. - . •
The Bank Directors, who now assemble alaily to
deliberate on. the means that may be in their passer for
stemming the present difficulties, came yesterday to the
resolution of advancing the rate of discount to fire per
cent. instead of four, and the new regulation will brim
force this day. The following is a copy of the notice for
that purpose, issued yesterday at the Discount-office:—
" Bank of England, December 13.
" Itisocvaw—:Fhat from and after the 13th inst. no blUs or notes
will be discounted under Five per Cent. per annum."
Facilities for private transfers in Consols continue to
be given at the Bank. On Monday, one transfer was
made of 150,0001. and the number of transfers effected
on that day and yesterday is little short ot 100.
Accounts from the Continent of the state of the prin-
cipal money-markets there, are now looked fur with
much anxiety by the merchants, but in no quarter do
they find that confidence is shaken in anything l•ke the
degree which it has been in England. In Paris, no
scarcity of money at all proportionate to that of London
exists, and the credit of the leading Paris merc'iants is
for the most part unshaken. A letter from Paris ot
Saturday, adverting to the crisis here, says—." In this
City we arc not in a perfectly healthy state with respect
to our circulation, but the malady is only skin deep,
and may soon be cured ; but yours is a deep wound,
which it will require a long time to heal" In Amster-
dam, transactions in money have scarcely deviated
from the usual course. The current rate bf interest was
five per cent. at the Bank of Amsterdam, but on com-
mercial bills of the first order discounts were easily
obtained at the rate of four per cent. Loans on stock
paid six per cent. interest. At Hamburgh, the rate of
Interest was eight per cent. but the evils arising from a •
scarcity of circulating medium are generally corrected I
there by their " tree trade" in money, or the absence of
all limitation of the rate of interest.
In the Foreign Exchanges, an advance was produced
yesterday by the scarcity of money. Paris bills, at three
months, were taken at 25.60. to 25. 70 ; Amsterdam at
12.8. to 12.9; and Hamburgh at 37.9. to 37. 10.
PROM THE NEW TIMES.
It may be remembered that our Paris Correspondent,
some months ago, touched upon the general question
of the scarcity or abundance of the precious metals,
and offered some ingenious arguments in favour of a
law authorising the payment of large sums in ingots
of standard gold. The recent fall in the French funds
bats afforded him 'occasion to revert to the same sub-
Jett, and tho Ugh we confess that we look upon the
advantage of such a plan as rather theoretical than
practical, yet we should not do justice to so acute a
reasoner, if we did not state his sentiments in his own
words. "Itis of the first importance," says he, " that
we should give every passible facility to exchanges,
whether in our domestic or in our foreign transactions.
Were there a law authorizing the payment of large
sums in ingots of standard gold, we should not be
exposed to those fluctuations in prices which result
from an excess of paper, and tardy and timid efforts
to limit it. The recent depressionja Foreign Exchattgesi
followed by a fall of Ten per Cent. in Stocks, proves,
that instead of a repeal of Mr. Peel's Bill, we require
that the provisions of the law should have the great.
est possible effect, .and that there is an indispensa-
ble necessity for that universal standard of value,
which the precious metals afford, to which paper
money, in all its Proteus-like shapes, may be promptly
referred. We regret that the Bank must, as the
law now stands, take more time to exchange their
inlets into twenty shilling pieces for payment of
their notes than would be required to scrape together
the gold of half the money markets in Europe ; and
if the Newspapers have expressed doubts at to its
continued ability to pay in sovereigns, they should be
pat tly excused, from the consideration that such a dila-
tory system may at some moment or other compromise
the credit of the Bank in spite of its vast resources.
Simplify the machinery of exchanges, and the public
will gain by it. As for the credit of the Bank it should
be like the chastity of Casar's wife."
PROM THt MORNING CHRONICLL
, It ought to be impressed on all who possess any
influence at the present moment, that a blind selfishness
will soon bring its own punishment along with it ; that
if all persons rush to the Banks to draw their balances,
which the Banks must pay instantly, while they cannot
compel their debtors to pay the balances due to them,
the consequence must be very serious indeed. We can
hardly conceive any amount of capital equal to this
unequal conflict. Paying alway s,w bile selfish ness,alarm,
or inability induce the debtors to withhold payment,
millions must in time be exhausted.
We put it seriously to our countrymen,—what will
be the result of this irrational panic ? If the great este-
blishments of the country lea themselves at a stand,
and in consequence of the cessation of credit and con-
fidence, each individual shrinks within himself, thou-
sands and thousanis will be thrown out of employment
in this Metropolis, as well as elsewhere. have those
selfish people, who needlessly augment the embarrass.
ment, reflected on what would be the state of things in
this metropolis, if any great proportion of the population
were out of employment ? Of what use would all their
prudent precautions be, if a general calamity should
deprive property of protection ?
It is gratifying to observe, that the Directors of the
Bank of England, ami•lst the general ferment, do all
that they can, consistently with their duty, to relieve the
pressure on the money-market. On Monday, the amount
of Country Bills which went in for discount exceeied
all former precedent, and we have the best authority
for stating, that no less than 1,200,0001. was discounted.
The applications of the. same sort yesterday were
equally numerous ; and it was not a little singular, to
observe many of the heads of firms themselves in ati
tendance to know their fate. Such a scene, it was said;
was never before witnessed, except on the day for to.
eeiving answers on Town Bills. The hour far admitting
the applicants was protracted till after two o'clock,
which added to the painful suspense. Many were, of
course, disappointed; but still. as much was done as the
public had a right fairly to expect. •i.try un
Sir Peter Rile, and all his partners, were at the
banking house the whole of. Monday and yesterday
Sir Peter speaks confidently; that alter the concerns toi
the house are wound qp, his own property will oot be
less than 200,0001. The profits of the Banking.honse,
for the last seven years, averaged upwards of 40,0001.
the yeare' • • ' ' •
At Wentworth and-Citalesarstsi the clerks, assisted
by one of the first coyaesoctstants (M.y,Duncan), have
been engaged, night, apd day, sitnce MMday
arranglng the accout: of the firm ; and ;tallies as much
•lesstste to sthte, tf.at-ileffippeat fivritlialge. 'lt is an
. . , .

Dispatches were received yesterday morning at the
r"lorial o.Tice, from Lieutenant GaserslStr /OW Ktbarr,G.C. B.
La G.C.I-1. at Ihadax.
hi consequence of private information received at
flatton.garden Office, of a person being guilty of coin-
ing at the house of a man named James Smith, in
hwan.aller, Coleman-street, the Magistrates, at the
leviest of Mr. Powell, Solicitor to the Mint, dispatched
tubr active officers thither. The officers, without
making any inquiry, went up stairs to the room occu-
pied by Smith, the door of which was fastened ; but
Litobtick, through the key-hole, saw him at work, and
%about speaking he instantly burst open the door, and
theofficers rushing into the room, seized Smith at the
sarlting.pot, with some base metal in one hand, and the
them the other; before him on a table, or bench, lay
61. e hundred and three counterfeit sixpences, not yet
tuld. It is almost impossible to describe the wretched
iteic which presented itself. In one corner of this mi-
serable hovel, on a truckle.bed, lay the wife, of Smith,
''l•us though only newly delivered of a sickly looking
iLtinit, then at her breast, had evidently been employed
hi finishing her husband's work. six of the new coins
teing found at, the bed-side in an improved state, which
tLe had thrown down in her panic at the sudden and
itexpected entrance ut the police. At the opposite side
14y the remains of a dead child, the body nearly black
t:om expo)aff to the air, having continued. for nearly a
'trek witliont coffin, or a covering of any description.
With the quantity of metal he had, he might possibly
have coined about one thousand of those spurious six-
Peaces, *hid) very likely would have been sold for a.
'Noy pence. The fabricator is seldom allowed much
111 ute than the intrinsic value, of the bit of . pale metal
ethich forms the coin. At the instant that Smith was
seized, he crushed the din in his band, and partly &-
buoyed that ev idencr of bit guilt; the die being composed
`” Platister 01 Pat is, it ,easily yielded to the pressure;
but the officers secured the fragments, which being
?..tled together, enitlales _the. Mint Inspector to bring
l''.lt part of the charge home against him. As the
o.T.tr.re occtared in the Cily. the Magistrates of. this
',...ce 1.a.1 no Puriarlictien to commit. though .the cap-
t Y.. w. 6 raitde by tajeivegicers. ~ The prisoner was ac-
tordir.tly taken Wig* Ntbe.4,441 04syort and, after a
' 1. t e tta,',..ne.c.ni, hie • was I emit xic d. -

•

•
'Ker.:sired fact, tl•at of tie v'ry d they stippe pv:lllr.letters- CA. tillasgow, ilated no guarder lar,
anent, remittances to inwunt sufficieotto have pre-Tuntversallrdwell on these facts with the utmost sulk-
served their .cr edit were oathe road,freins.Tork. , faction, and attribute the abonstabce bf money entirely
rum Tim itniTISH Pitass. .
to the influence of the poirerful banks established in
he embarrassments of the Bankers and Commercial that fl )urishing City. .If over-tradingettistediGlatsgo"
Men in the City are 'Molar liing to an excess that has would have its fun share of it, for it is both acememardal ant ass-
heed oe truly trerneiscies. This smolt was to be ex- nufacturing City; and if the distress fek is ilegleod arose from
would
obeeravrtse in Glasgow. In
peeled from the very operation of the causes which °Evirriantraed,lZ distreas
iostt' money Is by usileetng Went
have led wit. Had the Bankers only had the diffi:-ul of confidence amongst the ; anilf the amhs were oaf
ties of the Mercantile Wor Id to encounter. they would the same descrosi as the tam. eggesey wail=
have felt no heavy pressure. Their funds would have be as scarce la outland " The Pe*"
borne them easily and safely throligh all the demands
cbrastvirsr:pfluvieno reasoo
their t_,to dou
fee bt
hey asilalloof the llsokinganAisso.swe
which the necessities of the present crisis could have „media, set eviosierr7caseitinsolmey can magerisuribet
creamed, and far beyond. We say, had the Bankers to teleoebee the a stress war to peace caused soma Gat.
had no other demands to meet than the distress in the aseeelal alleeas blabs U failures In Gloomy and
Money Market coda- fiav-eiiven rise to, those firms' lot:"ellIbb.'""a_
on
their
Were
"rate the at
p seee;ati irt:2l7:
in the metropolis,- -which have been' compelled to, imbed anbakm ohm ad,aft., th„ammealisey brew
suspend their payments, would not even have felt a heal, the great Scotch Bashing Companies Rave advirtbed
shock. There was nothing in the real state of things tendon of advancing the rase of interest on mosey depeekedwkh
to occasion all this mass of wretchedness and ruin.—
them fro 2i, to
stgraCent. per
have money and
a
the caosequenceishaler
Private credit was, tio doubt. under the influence of disposal been, tha
at t large
this imz tin the rate of ea into ge .
great depression—many had suffered considerably, and —During last week, Edinburgh and Glasgow remitted to Louden
they h. d involved many more; but this distress, severe large sums of money to be employed in discount, and in the public
funds. By inviestmentsein the latter, the Hanks will gain something,
as it was, had its limits. Beyond those limits all was
sound and out of danger. Agriculture was nowhere afterth efuptlinhgereglaneWerPevrtill yietidothteheimreannuitta;rtosatrd' the
his kad Lanett in
e
depressed—our internal, trade and consumption ras of confidence which the admirable principles en which the Bailie in
healthy —the nation, with tespect,to its finances, WAS Scotland are instituted have created to that part of the Kingdom.
prosperous—the Bank never,had a more plentifol sup- At a time of •general panic and alarm circumstances
ply of coin and bullion in its coffers—public credit of the most trivial, and even ludicrous nature, may lead
never stood higher—a new mart of endless extent was to rumours of the most serious kind. An instance of
opened to our commerce in the New World—the this sort occurred yesterday, when an old woman falling
prospects, whichever way we turned, were encouraging, down in a fit at the door of a respectable bankingshouse,
and full of promise; and yet, in the midst of all this, drew a crowd together, and. persons at a little disrafice
we behold all commercial credit paralysed--banking- seeing the numbers collected together, na Inok
houses of the highest character suspending their pay- them to he occasioned by a run on the house. Hence
ments—all public and private confidence at an utter arose a rumour, which, like many sinister pmpheciei,
stand—no than knowing *hose failure may be next tended to produce the very evil apprehended. On the
announced, or where the convulsion is to end.. Never occasion, however, to which we allude, the demands
before was a crisis so deplorable prOduced, under a were met with such promptitude as.effectually to put
state of things so totally the reverse of all that should an end to the false alarm. It is also very pro Sable
lead 'to it. that the run on the house of Messrs. WILLIAMS and
So great has lately been the alarm among the bankers C.,. originated in a circumstance perfectly castial and
of the City, of their names being talked of; and a con- unconnected. A person has taken premises of consi-
sequent run upon them for Money, that several of them derable extent precisely opposite to this bank, and fitted
nightly lock up with Bank-notes and specie to the them up as offices. He advertised fur a steady couple
amount of a million. The trifling circumstance of one to take charge of his new establishment; of course,
of them shutting up half an hour earlier than usual on there were plenty of steady couples who considered
Monday night. gave rise instantly to reports of a failure, themselves perfectly competent, and as yesterday, at
and attracted crowds to the door of the banking-house. twelve, was to be the time for examination, about one
Such is now the alarm of the City. hundred smooth-faced, clean theism', decent folks ma-
rtini( TH2 MORNING POST. sembled in the middle of the narrow street, linked in

Confidence ',erns to be so completely shaken, and
three are so many incendiaries apparently OR the alert
to increase the panic, that it is difficult at the present
moment to state or guess where the mischief will end.
Without any real foundation in fact, rumours of great
distress among the monied interests are spread in vari-
ous parts of the counts y, and a run instantly begins upon
the Banks of the place, whereverit 'May be, which the
report reaches, and one or more stoppages mane. This
creates alarm throughout all the provincial towns, and
,411101 M calls are made upon their various B aokiag esta-
.ldishments, and similar stoppages are occasioned. This
:seturna.to the Metropolis, and the cliff rein Banking-
bouses in town connected with the provincial failures
experience in their turn a run, and thus danger is
caused, where, without such unexpected and unnatural
'demands fir cash, perfect solvency would exist, and the
'drawers become themselves the cause, as well as the
iirietims of unnecessary apprehensions. We trust that
i few days will see this panic at an end. In fact, it
'behoves the monied interests of London to combine,
among themselves to check the evil; for, if opposed byl
steadiness, and met with promptitude, it will sink into'
nothing ; but if suffered to range as it has done for the
last few days, with impunity, no man will be far a ma
mart safe from its ravage..
FROM TIER MORNING lIRRALD.
There has been a good deal said and written of late
respecting the Bank—its illiberality, Ice. We think it
unfair to charge the Bank in such manner. If the
Bank-Wore any fault, it is its too great readiness in up-
holding houses, after it has been ascertained that such
houses have been too much engaged in bill accommo-
dation. Messrs. Williams and Co. have been remark-
able for the liberality of their discounts since the com-
mencement of the distress ; which liberality is said to be
the .chief cause of their own embarrassment. Their
stoppage will affect London more than it will the coun-
try, as they had a great, many respectable town ascounts, while they were agents for only eleven &twelve
country banks. . Two or three of them are, however,
in very important districts of the country. The gene-
ral opinion is, that they will be ultimately able to fulfil
all their engagements. It must be ()violas that in such
a state of things the pressure bears hard, pon all quar-
ters of the money market, and advantage was, as usual,
taken to magni y every flying rumour, to answer stock.
jobbing purposes.
/ROM via PUBLIC LEDORR.
The whole question of the present embarrassment
lies in a nut-shell—the difficulty of discounting the best
paper ; and, consequently, the remedy may be stated
in three words—" increase the facilities." In the mean
time, the commercial world itself ought to make efforts
to resist an alarm, which, for the most part, is artifi-
cial ; and we are only surprised, that the first Houses,
seeing theruin that has overtaken some, whose respect-
ability was never before liable to the breath of snips-
cioa, have not come forward with .some measure, or
declaration, to stem a torrent, which has all eady sapped
the foundations of commercial credit. The evil has
been heightened, as usual, by exaggeration ; but, to the
honour of the Public Press generally. it must be said,
that it stands acquitted of this charge. In the mean time,
it is our firm hope chat the alariii hasiesiclied its utmost
height, and that effectual theastsies are now in agitation
to pit a stop to it wholly, and as promptly as possible.
It is honourable to the Mercantile character, that
these events,however strongly a great portion of the
Public. Press may attribute the. present calamitous state
of the "tirculating medium to overtrading; have not
been produced by Commercial failures, far, with one
exCepiion, -none of any consequence has occurred.:.:
The true origin of the evil is alone to be found in,
thelimitation which the jaw places to the number of
partners in _English Banks. This circumstance opens
a wide field for the, operations of Stock 'lainesteri;and
other agitators •of the Dobbti
have only t 6. a 'thrown on the soliditY of country
banks, a run on diiin-ffillfivis, acid the Ihiabditiod
m any of them being weak, extensile fitiorlit 'Walt
alarm amongst the people, money is Ctifiseqii-ntfr widi-
diavin from. eistutstints, stnatusas sseissisbe rein mad ifis.
tress which, in a coa6sneeciploistatmapinaisallyai
the:waittef 7ioligigiglitlYstALs94ed cerv,ibcy. Thc.
qt Scotland,, doringthe pyr.sfbi iirtittess in En,-
exemplidei the triltlfor Olt
,poiltion's mire
ihundani; and 'filide• ant'agfictilnite are .pr

couples. The assemblage, their anxious, serious looks,
and numbers, excised curiosity, and their unfortunate
locality created instaot alarm, and from that moment
the counter was crowded. A similar circumstance oc-
curred to the highly respectable house of Lvaaoca, by
some countrymen stupidly hanging about the door. In
a moment hundreds assembled, and nothing bat a body
of Police, and the prudent precaution of setting their
doors wide open,, and paying money thus publicly, sa-
tisfied the idlers, and cleared the elect. So sensitive
is a money market I

. .