Star.
London, England, 1825-12-20 00:00:00

•
rue rel r change hands. Those who.could. not rely on' the'
ale of .them to meetforthcoming.eggagements, would
receive, through the.interno+tte agency-of the Bank,
the money of other persons less timid; arisl nd increased
issue of Bank paper,: on . the whole,--viould have been
necessary at all, unless for a *ay few days.
Government, however, acted We conceive, on the ins-
pression that the panic was less extensive than fatal ex-
perience has shewn it to be; and no doubt theisify•
luctance to any increase of the public expense is also to
be considered as natural in theses times of penurious
economy. But in real truth they have ne alternative.
Either the interest of Exchequer Bilis must be still higher
increased, or else two thirds of the Revenue will be paid
in depreciate 4 Bills :—and this will be -esident froM a
comparison of the latter with the funded securities of
the country.
In ordinary times, Exchequer Bills, as being more
readily convertible into cash than Stock, are preferable
as matter of convenience, and therefore are higher in
price, though producing less interest...and.this merely
because the interest, however trifling, is better than an
unemployed balance. ,
But in times of danger the case is otherwise. The di-
vidends of the regular funded securities are provided
for by Acts of Parliament, and cannot be diverted froth
their object; whereas the unfunded debt may accumulate
to any indefinite extent. As permanent property, there-
fore, the funds are more valuable.
Now, at yesterday's prices, 10001. invested in each of
the following Securities would have produced the yearly
income undermentioned:
In the Four per Cents. at 89

Three and a Half ditto. at 61 e
Three per Cent. Rtchiced, at 76
In Exchequer Bills—

£44 18 Ili
42 18 101
39 9 .51

As originally issued. at lid. per diem X 92 16 3
At 85 discount, the price of yesterday 93 17 9
As now settled by Government, at 2d. per diem 30 • 4
And as we proposed, at 3d. per diem 45 12 6

It is easily seen, that if the new Exchequer Bills were
issued at the latter higher rate, they could barely for
the moment secure a preference over money sales in the
New Four per Cents. But inasmuch as they would, of
necessity, compel the re-appearance of money in abun-
dance, they would protect funded property from the
destruction to which it is now liable; and be very
speedily at such a premium, as to make their subsequent
commutation for other Bills at lower interest, a matter

of no difficulty.
It is plain, in our humble judgment, from those facts,
that the new issue at 2d. per diem cannot be taken up
by the Bank without such an extension of their notes
as must be very dangerous to their own safety. The
experiment is however worth trying.
In its leading article of yesterday, the Courier has
the following most singular justification of the issuing
of small notes :

" Some difference of opinion appears to exist with regard to the
propriety of the Bank issuing one pound notes. The question,
however, ia very narrow one. If the absurd panic now raging in
the country spreads over every part of it, and sovereigns are de-
manded for all notes of the Country Bankers, they can never be
supplied. There are supposed to be about twenty millions
.of
country bank notes in circulation, and if the Bank had ten millions.
of gold whets the panic commenced, it must be allowed it had an
ample supply foe every legitimate purpose. Now, it must be very
obvious, that ten millions of gold will not pay twenty milUotis of
Notes. The Bank must, therefore, have issued one pound notes,
or cease to have issued any."
Indeed !so then the country bank notes must, accord-
ing to this reasoning,be in the hands of twenty millions of
separate individuals: for otherwise, any one who had five
of them could easily content himself with a five pound
Bank of England note, instead of five sovereigns. Is it
not sell-evident that so long as five pound Bank notes
are equal to five sovereigns, gold is only wanted to such
an extent as to supply the fractional parts of a five
pound note, in the same way as silver is wanted for still
smaller subdivisions? Truly did we say, yesterday,
that the Bank has only reason to be afraid of their
injudicious friends. As a temporary measure, to
a very limited extent, wi:h the -simple view of di-
minishing the demand for gold coin, but only until
the Mint shall havd manufactured the necessary quan-
tity of sovereigns, we see it) very great objection to
the issue of those small notes. But to pretend that
there is any motive for so doing, other than the scarcity
of coin, is absurd, and neither more nor Ness than trifling
with the good sense of the public. •

The deith of the Emperor ALEXANDM is an event
or no ordinary importance in European politics at the
present moment, even considered abstractedly by itself;
but, when coupled with the rumours of a disputed sac-
cession, that event becomes of tenfold importance to the
peace of the world.

The Grand Duke CONSTANTINE is the natural heir
to the Throne. He is of mature age, of the highest re-
nown in war, and passionately ettachld to the profes-
sion of arms, likely therefore to possess the good wishes
of the soldiery, who are the only real support of a des-
potic Throne. Why it should be imagined, therefore,
that the rights of primogeniture should be violated in
his person, we confess seems to us incomprehensible.
The idea is worthy of its Parisian' origin; and seems
merely founded on the
,following notable story.
An slmanack-maker in. Bolin had inserted in . his
Ephemeris thatthe Grand Duke NICHOLAS is heir pre-
sumptive to the &Asian Thietie..The'Prusiiin Govern.:
merit, it is said,wOuld never haVi pbrniit4d'aisth" a pubß-:
cation unless well aware of the fact: Bitt bow does iSAp-1
pear that the worthy chronologist, if he =rant anything,
hid not meantthat Ntquor.ns was keirpreawniptka, while
&lora iTt tie was heir apparent? &rinse that sods
a momentous event as the setting asidi.the natnralfheir:
to the most powerful Throne in Europe, •......ia;u9l4 first
be announced to the world in a Prussia* Almanack

,~.,;x,

Sell more wonderful, that all our Sa
D". 5 Cetp-3,
poraries should have taken up the story in sober earnest,

In a part of our impression of the STAR of yegerday,
'we announced the sudden death of the Emperor Ar,rx.
AWDZR of Russia, an event as unexpected as it may
prove important in its influence on the politics -srt"
Europe. The intelligence,' which was, transmitle.l
by Lord CIA/WILLIAM from Berlin, has since 1,04
confirmed by: the French Papers., extracts from erhiel
we subjoin. Although neither the place nor date of
his Imperial Majesty's' decease were • mentioned is
the first accounts, yet we stated that it must have taken
place at Taganrok, and such we find was the case.
In another column we have inserted a Memoir of the
late Emperor ALIXANDER, and 'some anecdotes illus•
trative of his private virtues. He was certainly less
ambitiousw thofanthme wishesan of the many
of his predecessors,
g
Empress
CATHARIWX, who declared that her capital was too
conquest
on e
near her'frontiers, and she must have Finland. Daring
tiuhh e o
fulfilledf
the reign of ALICKAUDER, Finland was added to the
Russian Empire.
The late EMPEROR, however, saw that to improvi
his Empire was as laudable an object of ambition as to
increase it, and he was anxious to cultivate the arts of
peace ; he gave great encouragement to science, and her
rapidly extended the manufactures and commerce of
the country ; in his reign Odessa hat been raised to a
port of great importatice,.and manufactures are carried-
so extensively at Tula, that travellers denominate it
the Birmingham of Russia.

That the late EMPZAOIt, gave great encourage at
to science and literature, is evident from the progress.
they made during his reign, as well as by the explo-
ratory expeditions Russia has_sent not in that ptriod,...
Witness the travels of General Sri esparoaxerioccoln-
panied by an able draughtsman, into the most remote
provinces of the Russian Empire; the embassy cf
General GoLowx Ix, and severalSavans to China, anl
the navigatory voyages of- Captains Korzaut az,d
KRUSfNSTERN.
FROM TUE MONITZUR Of SUNDLYO±-07FICIAL FART.
PARIS, Deo. 17.
Dispatch transmitted frOin &rasburgb, Dec. 17. In the afternoon :
" TYR ILISISTIM OF !RA PCI AT IMMIX TO TUC 711131DUZ or 7tIL
comma. of aeoairsas.
" The Emperor of Rusin hos died at Taganruk, after a few
days illness. .
"The Repress which brought this news set out from Warsaw on
the nth of this iromh.
" The Grand .--tkes Constantine and Michael had not wt toot
from that capital for St. Petersbergh."

rout TIN 300 KNAL bU DEBAT/ or SUNDAY.
PARIS, Dzeznsaa 17.
We stop tIS press to insert the following note, which we
eeived at ten o'clock in the evening. The event which itanntwn4:
cannot fail to have the most serious consequences, in the present cit.
=magnets:n.4l Sinew
" The news of the death of the Emperor ,n 4 Russia having lite.
*hick'

. .
received at Court to-day, the aside _ ter Royal Highness the •
Duchess of Berry was to have to•morrow evening will not take •
place, in consequence of this event.
" Saturday, December 17."
" N. B. When we received this note, the following article was
in the press: we think it proper to give it without changing a word. .
A German literary journal, the Fettille de Comer:titian (Conterse- •
tiotoblati)ccontains the billowing observation: •
The /tool Prate:fen Colanotpe, as it is everywhere sold, gives in•
a single line a piece of news which.intete.ts ;note than one pat of
the world. In the UAWSovereigns, we find as ulna!, under No. 3,
-the Emperor Alexander of -Rosati, but site following line is added:
4 Heir to the Throne,. the-Grand Ddlie• Nicolas, brother to the
Hinaperor. burn the hlitheof Juvenilia Juty)sta796." -
Thisontice is important, belittler the.source from :Which it comes
*as not permit its correctness to be doubted.
.. We do sad mori than Paithfollytratiblate the German anirk ;
.the politicaljourosk of Gerinany will doubtless inform us what we
are. to tkokipf.tbia Ifite,,whickis very Important, if true. We have
'fiticg since Incisra that the find Duke Constantine had no chi,- • •
*et by his Ant niarthige. and that the childrenie may herein
ais.second marriage cannot inherit _Da throne of Russia; but no
niggle act is known by virtue of which the Grand Duke Constan-
tine is personally. excluded from the succession to the.thinoe. Tins
Prince is sufficiently ys tpt,g. pad So long as ha b nat formally et:-
•cluded from the throne to which be is entitled by,the order of suc-
cession establiibed by Paul I. the Grand ;bike Nicolas is only the
evenntalbeir. Let is wait for What will be said and published a
St. Petersburgh, for it is dillicalt to preserve sliknee.
PROD Mktg Cg33IItTItIUTIONNEL, • • ••
" The new diseemetch 1113eyiist if vcry remarkable krone parti- •
ruler circumstance. It is well known that in Prusaiaond especially '
at Derlinp.all the Almanhcks- are subject to a rigorous censonlaq.
and that •nothing tan be itiserfed In them withonebeing authorized.
People have therefore hem mut% surprised to findovider the head '
of reigning houses, in the article Russia, that after mentioning the
Emperor Alexander, the editor o( the Alaianack adds, !successor •
to the throne (Thiyinfolier), the Grand Duke Nicholas, lik brother,
born 1796.' This designitighOrAtich 'is given this Year for she
first time, in the Almuskselsof Berlin, would.ilerialnly lot have
been inserted in it, if it were not conformable tb' truth. It *OW
result, therefore, that the _Growl DO% _Constantine. the elder -
brother of the Grand Duke Me**, bad renounced the cyrotual •
succession : the report of ibis renunciation had, linked; cirrobtell .
some time ago, but no great attention' sone paid tq it; Trades
unless there is an error in the press, thit this report-was jarred."

•
Accounts from Constantinnple.of thi 18th November,. .
state, that a great change bad taken place in the principal fax'
donaries of the State. Tie Minister of the Interior, Sten Enor.4
who enjoyed the greatest confidence, was displaced, and mak la-
*ctor of the Catutuo. Foundry, which, is almost * diagram; Mai'.
Cr 'semi EFFENDI has also been djaplaced, besides the change in. •
the Ministry, which is regarded u a victory by the ntoderatepani• -
The Superior Direitor of the Custom% as well as the dretibti.
she new Chancellary and the Marine, had also been displaced.
Several files dr Atheric tin
Tapers have reached 0 to.
the 24th alt. extracts from which will be found in
.a prer:cdiat •
page. The New reek Eeening Pest of the 21st of November. states'
that the commercial intercourse with the new States 'of Smith
America Secant's of increased importance. The clearances for Brazil
and other parts of South America, since the Ist Aug. included la
ships, 64 brigs, and 20 schooner% exclusive of those nilin; fur tb4
Spanish Main and the' Gulf of /denim ; they were principally ladea
with the produce of thellnitod State% pertkulaNy sour. It Ek'
pears that an expedition, consistini of Mexican and Colombian vex'
set% had sailed from Canberra, it was supposed against Cabs. '
bat the destinatitio Of the fieet was known only by conjecture. At the
date of the list odilces trawl lima Room continued to hold out,
StknessandAssettin were. however, reducing his stienfila
Sir.
daily, and la• • .1111**06.1bliSfOuld he obliged to amender by the
beginning of • • •

A'his day diipatches were received at the ColcaliAl
(lice frail slr Low.stwOatate44.ll4ltoverner of the Mautitio. •
s. This .caorniag• hir..,ltoasecatiLD received a large
irlahltlty tifi;Bollionlrout. the .CoutlateitiAt will .be forwarded le
tbe ikatilOatatedtatety..
.:•-• . • - ~- .- . •
1; ;The Failowks-piragrapb appeared to the Birmi'T
Alosis.Gonetti Of reititodoy :-•-•• Oor'Coltiespelndstits letter of lat
eiter wirqk (daretiriewiiheitopii-rxthange; ure.u), eollislad a Ps".
IlitieeelleethifiliNfrtheredit and'relipoddhnity of Mr. Hasa?.
fi liitreet, •Loitilon;• ittdett;'frfitttl- reliance Imo his o°4
*Wiley. viirktie4ted•hi tott" Nei- licoltiostt. • Hanoi. ben
• ,Itioiwisceitahvett-that-diatiliallot 011ie the elighult Maim
lekatoyer:few•tbe report; rte hire AO' eat** '6Ra-utility of eon-
itgatlietioi it,''aid of tovettieg that Itie . ilkould hove inedvertestif
been the medium of silting riblhelti to, se% Onfougded a au*
oasstt.--1.64." ' • •

•
Tharthe late Esostaoa. gave great encouragerseat
' ---'
the Birmingham of Russia. - er•iir
o
_.. _ .
18 101 to science and literature, is evident farnothsmteoth.ceemhiPbiag: ..-In
18 111 v hie
16. 3 rawtiothryessexthpeedtitriaovnels
sßonfssGiaehniersisel
.sntpic7n4e..ainro.tah:tarip
~e 634° de
o;
9 sh they made during his reign, as well as by the , teat ci
civic,.
• Ii e
panied by an able draughtsman, into the most remote peace
• -
17 9 as it
INR.uauindansevEeramtpsaire:
4 4
GprenoveirnaclesGooLfothw: . Lot
12 6 gal
s were
the navigatory voyages of the }
ly for boil
KRUS6NSTERN.
in the • • and i
FROM TUE MONITZUR Of BUNDAY...-OFFICIAL ?ART. ltiStC
lilt, of _
PARIS, Dac.l7. lie w
abun- Dispatch transmitted (rein &rasburgb, Dec.l7. in the afterinun : with
m the " ems austsinta or swarm' ace smut to END PEESIDENZ OF 7/11. who
commit on umairsas.
..
very a The Emperor of Musts tee died At Taganruk, after a few those
!quest days illness. . . he It.
"The Express which brought this news set out f tom Wusaw on their
natter the eth of this month.
• " The Grand IP aka' Constantine and Michael had not set ea stt oy
from that capital for Sc. Petersborgh." expel
facts,
recut TEE *Go NNAL DES DILUTE or nra-aar. isle
tees up PARIS, Dicznaza 17.
.... I dt r i
We stop HS press to insert the following note, which we
notes agave
ceived at ten o'clock in the evening. The event which it annout;'. • Ile
- The cannot fail to have the most serious consequences, in the present cies.
cumstaimes.of Serape: publi
" The news of the death of the Emperor of Russia having bee I been
er has received at Court to-day, the sob* Which her Royal Highness the • in a !
• Duchess of Berry was to have tomorrow evening will not taint . ' •
• • ~, ,i
ssuing place, in consequence of this event. - 11
" Saturday, December 17." , they
Ito the " N.B. When we received this note, the following article was ' • tad
in the press: we think it proper to give it without chilling a wool. ver,
"dim* A German literary joirrnal, the Fe:Lille de Comer:alien (Cotretsa7 Alea
Wing Is tiotoblati), contains the hillowint observation: • -
are dr. -41 The Rep, Prassien Colondpri as it is everywhere NU, gives in-
. smut
e,,,e, be a single line a piece of news whichintere•ts inore than one pot of their
, the world. In the iiik-ot*bovereiges, we find as %twat, under No. 1, been
lions -ni. •• the 'Emperor Alexander of Rolla, but the following line is added: ey
millions k Heir tcs • the TitrOne,'• the-Grand Dulie- Nicolas, brother to the
• . avant
; bad an Emperor. hewn the 66tlafof Juneldth Ju1y),1696.*!' -
• This notice is important, because abe.source from Which it comes suit
b. very noes •- • .• , • • , •• •
not permit its correctness to be 40U6ted. I lOul
ilia& of
.. We do on more than raitlifoliftratblate the German article; int Oct
d notes,. :the political-journals of Gerininy will doubtless inform us what we
ulcer
arc.to tkokof .tbis late, which.ia very Important, if true. We have
16eg since Incrwa that thelpf fad Duke Constantine had so ail- • • Allii
ccord- (freer by his first niiillaie. and that the childreqie may hereby ,e ,
ions of his *second marriage • inherit ..thi throne of Russia; but so i. 'Ltd
• rqb,lic act is known by virtue if which the Grand Duke Colman. e 1
ad five tine is personally. excluded from the suiceision to the -datum. Thu
. • Eire
pound Prince is sufficiently ys mtg. gad so loni as he b nist formally ei. -
, eluded from the throne to which be is entitled by...the order of sig. . tit
' Is It cession Estabilitied by Paul I. the Grand ;bake Mcolas is only the lin
k notes eventualbeir. . Let is wait for What will be said and published at : . 0 p
Sc. Petersburgh, for it is difficult to preserve silence.
to such
.• - : FROM .1:112 c4;4OTItIUTIOniasL, 7 -""
.d
a five a The new Alsoanoch fititeyiis Is very remarkable krone parti- • i
For still tube eircuntitance. It is well known that in Prussia, and especially ' - •
at Berlin, all the Almankcbs- are sislikt to a rigorous censonliq. il
CiPtaint Korzgiu strelyaaznesidf. teedei
terday, and that bething tan be hisreed In them witbouebeing authorized. i a
I their People have therefore been meth surprbed to Sudo:oder the bad '
.. • li
of reigning houses, in the article Russia, that after mentioning the
re, to Emperor Alexander, the editor of the Alotauack adds. !successor • - ' •
of di. to the tht ono (Thottfolier), the Grand Duke Nicholas, bk brother, _.- • 81;
born 1796. this desistiltiokbaltich 'is given this year for the •
y until first time, in the Almodittelsof Berlin, would 'Certainly lot ban psi(
quan- been inserted in it, if it wort not conformable Ur Ouch. It Weald
result, therefore, that the _Grand Dokc .Constantine, the eider • us
ion to brother of the Grand Duke Nicolas, bad renounced the manual • - •
d that succession : the report 'of -ibis rentmciation had, indeed; &nista • . '-. I,
some time ago, bet no great ablation' Win- paid tq it; It s ate
.el
arcitY unless there is an error in the press, that this Nina-was correct" , i
trifling -7-....•-•-
Accounts from Constantinople-of tlii 18th Novembers.. .. •
state, that a great ch'ange had taken place in the principal tone*. : re
tionaries of the State. The Minister of the Interior, Seem Enor.4 • . :li
. who enjoyed the greatest confidence, was displaced, and made In-, e
i event Vector of the Cannon. Foundry, eithieb, is almost es disgrace: ion' •
CNELIMEI EFFENDI has also been displaced, besides the chine* • • 011
at the the ministry, which is regarded as a victory by the nauderateperrt - • ts
itself; The Superior Direitor of the Custom; as well as tie Diretik"t .• . 1
the new Chancellary arid the Marine, had also been displaced. • . he
!cl sac- ....—.......—_
to the Several files dr Atheric in Pipers have reached us to .•.
• the 24th alt. extracts from which will be found in
.a pretesting • ctt
pay. The New York Eeening Post of the 21st of November nett% ,e4l
II heir that the commercial intercourse with the new States'ef South.
gl
America becomes of increased importance. The ckarsnees for Scud
eat re- aid other parts of South America, since the lit Aug. included le t
pred'es.. ships, 64 brigs, and 20 schooner's, exclusive of those sailing fur at cot
, Spanish Main and tie Gulf of Mexico ; they were rincipally laden s i
!limes with the produce of the 'United &at*, pnrtieulaNy dour. ' It V- e,i
a des. pears that an expedition,consistini of Mexican and Colombian vas-
"1.
__
set:, had sailed from Canberra, it was supposed against Cab. .' ,
refOr et but the destinatitin of the Beet was known only by conjecture. At the ~.ti
ited in date of the list adikes from Lints Roou. continued to hold out in l.si
Callao. Sickness ima.deierthin were. however, reducing his Anne' 'Ol
usable. daily, and It VAs • raitoand.he mid be obliged to surrender by the
ail
seems beginning of November.. •
Ir,
story. .- :': .--: . ..:A5.,.: ~ .-..-- • ~
loniAl •
in
.his •• 'his -day dispatches were received at the Co .
.S
• -6like .fre4o *ir /AM./MC*4*e 444 114ilinverner of the Mauritius. •
.11
it pre- • This ..morning- hir..-.RoareacsuLD received a large
.JI
overn7 eliwastity tifiillsilionlroen- dab •Contieseitg•-it will be forwarded to e
LT? • tbe Ikank,intatimilateip.•
.:••• - : • - •• '' - -'• . •
pilual- ~. • 4]
ej
• ••• .- ' ;The Fellowier.piregraph appeared. in the Bomar
:--:s
IiSAP-:. harisrotsetti of yeetiedny :-.-'" Our'Cultietptindelles letter of last
,thingi week (datintifiontitheitofal-rathange; thee.l2), Collated a Para' n
tir
i 'IN ,7"/iNgrthe °edit ind.r.aporidbllity ot Mr. Hasa?:
i"h' bf - ee'imitreet, -London,' WhitiOrfilltr reliance upon! his .
_"gal I
I
' gict seentey. Wiriniirted in' tort‘ Pore 'alieblelosty. .Having. n
.k._„ :ever,ltinewiacertaband-that-thetillifllot eat the dielteltgreva_, .„..- •
4 uc. r: :9rhatityer:fortfre rePorti.Whisilertiiir earlbet 'Oppocinnitf °I '''''' •
•
Li first teadicanig it,''arid Of tsgrettieg that lee • ilinuld have insolvertentif
•
been she medium of silting phblicitj to set nnfougded e state
knack 1
• usart.--..F.iis." ' • ' '
A •
•
.....
- . - - --- . •