Star.
London, England, 1815-01-27 00:00:00

THE EVENING STAR.

LONDON.

FRIDAY, JANUARY 27, 1815.
PRICE OP STOCNS THIS DAY AT TWELVE O'CLOCK s
Reduced 691-4 per Cr. es—s per Ct. Navy 941
Consols 651 i—for account,6sll-omnlum db.
Bank Stock 238—Long Anna. 18 7-16tha—Sonde las, pea
Exchequer Bilk se. se. pron.

Today we received the Paris Papers of Tuesday
the 24th instant. The Duke of WELLINGTON has left
Paris to succeed Lord CASTLEREAGH at Vienna"; and
his Lordship, it is understood will set out for this
country, almost immediately on the arrival of his
SUCCESSIDT.

If we are to be believe the Paris Papers, all the
most important points under discussion at Congress,
are as yet unsettled. We subjoin the following ex.
tracts :

PARIS, JANUARY 83.

The Duke of Wellington sets out this evening
for Vienna. All the other Members of the English
Legation remain at Paris, as well as the Duchess of
Wellington. Lord Castlereagh has left Vienna to
return to London.

General Excelmans is confined in the Citadel at
Lille.

• The Marquis de Riviere has been appointed Am-
bassador to Constantinople, in the room of General
Andreossi.

PARIS, JANUARY 24.

Yesterday the Duke of Wellington took leave of
his Majesty, in a private audience, which lasted a
long time. His Excellency proceeds to the Con-
gress at Vienna, and Lord Fitzroy Somerset is ap-
pointed to succeed him, during his absence, u Mi-
nister Plenipotentiary.
Although for upwards of a century it has not been
usual to invite, in the King's name; the Diplomatic

Functionaries to public funerals, all the Ambassadors
and Foreign Ministers, nevertheless, thought it their
duty to assist at the obsequies of the late Louis XVI.
and his Queen, and they occupied in the Choir of the
Cathedral of St.. Denis placeewhich, were reserved by
order of his Majesty.
We have to add to the particulars published yes-
terday, that the Marquis de la Roche Jocquelin,
Captain of the King's Horse Grenadiers, command-
ed the demi-squadron of his company on duty. •
The first carriage in the procession was filled by
Count de la Ferranaze, first Gentleman of the Cha-
mber to the Dec de Berri; Count Nautouillet, his first
Equerry ; the Count de Damas-Cruz, first Gentle-
man to the Duc d'Angouleme, and the Duc de
Gulehe, his first Equerry.
In the second carriage, Vicompte Montmorency.
Chevalier de Honneur to Madame la Duchesse d'An-
gouleme ; le Vicompte d'Agoult, her first Equerry;
and the Abbe de la Farre, formerly Bishop.of Nancy,
her first Almoner.
In the third, the Duc de Fitz James .first Gentle-
man of the Chamber of Monsieur, Count Frangois
d'Esgars his Captain of the Guards, Count Armand
Polignac his first Equerry, and Abbe Latta, his first
Almoner.
In the fourth were the celebrated M. Hue, first
Valet de Chambre to the late and present King, and

three other Officers of the Household.
Among those who were present, and who were re-
garded with most interest, was M. De Seze, the
Counsel who se nobly defended his Sovereign against
the brigands who murdered him.
The health of the Duchess of Orleans is daily more
aatisfActory. She is now permitted to take food.

BERLIN, JANUARY If.
Our financial situation is greatly improved. Twp
years ago assignments on the revenue, to the amount
of 4,500,000 riz•dollars, were issued, and only about
1,184,725 are now in circulation, which the Prnsaian
Government will forthwith call in. Asa new proof
of the improvement, our treasury billh which had
'fallen 50 per cent. are now above 84.

to renounce Saxony.. From what we Uwe.' Ikea
1.1 I
propositions contain as fellows :
Ast. Prussia will recover those parte '-if:44lt.
following onearly the course of the Warthalow4l446
*erii thicwas dse Pilergka).
ft.;Malf of Lusatia, or Lower Lusatia, compre-
hending Wittenberg, and the Bailliages of Thuringen.
S. All the district between the Meuse, the Moselle,
the Rhine, and the frontiers of France, i. e. the whole
department of the Roer.
4. The countries on this side of the Rhine, with
their appendages, enclaveautu. These countries, by
adding the States which, in virtue of the Peace of
Tilsit, were left with Prussia and the German pro-
vinces which she has reconquered, will give her the
population of nine millions, which she had' in 1805.
But, without taking into consideration that this popula-
tion does not form the 12 millions which were promised
to her in her quality of a Continental Power of Eu-
rope, Prussia maintains that the Polish Provinces
which she has lost were fertile ; whereas those which
she is to receive on this side of the Rhine are distant
and uncultivated. She insists, therefore, that Sunny
shall be given as an indemnity fir her Polish posses.
sions ; but at. all events, she insists on the greater
part of Saxony ; and finally, she adds, that she can-
not conceive what good can result from a little king-
dom being established between the Elbe, the Forge•
bing, and the Seale.
Notwithstanding all these obstacles. it is gene-
rally hoped twat things will take a favourable turn,
and that Austria and Prussia will come to a better
understanding. These hopes are strengthened by
other political considerations of great weight, which
are developed in the Note which Austria gave in on
the 10th of December last.

From the official dccurnents on the American li•
nances, which we this day lay before our Readers, it
will be seen that theii Government might be consi-
dered as absolutely in a state of Bankruptcy. The
different plans which had been proposed for recruiting
their finances, had all been found impracticable, and
for the painest reason—the People bad lost all con-
fidence in their Rulers. The Peace, therefore, may
be considered as the most happy circumstance that
could have occurred to them. Let us hope that the
hair-breadth escape which they have had, though.it
may not induce sentiments of cordial conciliation to-
wards those whom they attempted to destroy, will at
least serve as a lesson not to be h4sty again to draw
the sword in an unjust cause. _ _

But, though the war may be considered as termi-
nated and hostilities near a close, this country ought,
from circumstances to which it has given birth, to
keep a jealous and watchful eye upon the American
Navy. The success which their diminutive Naval
force has had, we shall not be disposed to view as a
real evil to this county if it shall be found to produce'
its proper effect upon our own arrangements. Not-
withstanding the poverty of the American Treasury,
they have contrived not to stint or starve, in the
smallest degree, their naval equipments. From this
their future line of policy may be considered as
already proclaimed to the world ; and what wet
to be ours is manifest. Whatever the Americo Ad-
miralty lay ONE heel up•a the slips on the Lairs, he oar:
lay down TWO, and of :ulterior force I It peace we
may thus carry on with each other a war of finance ;
and, if we persevere, America may give up the con-
test. If not, and we pursue a different system from
what we have just recommended, America will go
to war as soon as she has acquired a commanding
preponderance on the Lakes, and Cicada will be
wrested from our Empire.
LETTER FROM TUE CHAIRMAN 01 A COMMITTOX Of
CONGRESS, TO MR. DALLAS.
WAIRIO7oN, Nov. 27, 1814.
SlR—The Committee of the House of Representa-
tives, to which the Bank Bill was recommitted on
Friday last, have directed me to request you to com-
municate your opinion in relation to the effect which
a considerable issue of Treasury Notes (to which
should be attached the quality of being receivable in
subscription to the Bank) might have upon the credit
of the Government, and particularly on the prospects
of a Loan for 1815. As the Bill, as it was referred
to the Committee, provides for the subscription of 44
millions of Treasury Notes to form with sir millions
of specie, the capital of" the Bank, any information"'
which you may think proper to give, either in rela-,
don to the practicability of getting them into circula-
tion without depreciation, or in regard to their opera.
'tiOß on any part of our fiscal system afterwards, will
be very acceptable. . I am, Sir, very respectfully,

Your °bathetic savant,

(Signed) WILLIA LOWNDIS.
To the Hes. tbe &strawy the Treasury.

• ANSWER OF MR. DALLAS,
Thum Dirt'inento Nev. 117, 1114.
Sza—l have the honoor to acknowledge the receipt
of your letter, requesting for a Committee of the
House of Representatives, an opinion upon the fol.,
lowing inquiries :
Ist. The effect which. canciderable issue of Treasury Notes,
with the quality of being reeeividge Is nbscriptions tea National
Daub, will have upon the credit of the Government; mid part'.
thinly spots the prospect of a Lean for ISIS.
The practicability of getting forty-four mlllialmf Taw
eery Notes, (forming with ai; mWNoe et spesik• die for
National Sank), late cirenkden widest depaidadens
Thp isiciiries of ;be Committee calm; be eathfac-
torily answered in the abstract j betatastbeeoatidered
in connqiors 'sr4t4 the state of our ihtatkee liat4be'
' state of oar public credit. . .
. - • . 4 . .
When I wised at 'Washington the Tret!eamir!

suffering under every kind -of -embarastnenr. The'
'demands upon it were great in amount, while the
Gleans td satisfy diem were comparatively small I pre-
4atious in the collection and difficult in the application.
The demands consisted of dividends upon the old
had new funded debt, of treasury notes, and of legis-
lative appropriations for the army, the navy, and the
current service—all urgent and important. The
means consisted, first, of the fragment of an authority
to borrow money, when nobody was disposed to lend,
and to issue treasury notes, which none but necessi-
tous creditors, or contractors in districts, or commis.
writes, quarter-masters, and navy agents, acting as it
were officially, seemed willing to accept : second, if
the amount of Bank credit scattered throughout the
United States, and principally in the Southern and
Western banks, which had been rendered in a degree
useless, by the stoppage of payments in specie, and
the consequent impracticability of transferring the
Public Funds from one place to meet the public en-
gagements in another place : and third, of the current
supply of money from the imports, from internal du,
ties, and from the sales of public land, which ceased
to be a foundation of any rational estimate or reserve,
to provide even for the dividends on the funded debt,
when it was found that the Treasury notes (only re.
quiring, indeed, a last payment at the distance of a
year) to whomsoever they were issued at the Trea-
sury, and almost as soon as they were issued-reached
the hands of the Collectors, in payment of debt, du-
ties, and taxes; thus disappointing and defeating the
only remaining expectation of productive revenue.
Under these circumstances, which I had the ho-
nour of communicating to the Committee of Ways
and Means, it became the duty of this department to
endeavour to remove the immediate pressure from the
Treasury : to endeavour to restore the public credit ;
and to endeavour to provide for the expenses of the
ensuing year. The only measures that seemed to
my mind for the accomplishment of such important
objects have been presented to the view of Congress.
The Act authorising the receipt of Treasury Notes in
payment of subscriptions to a Public Loan was passed.
too late, I fear, to answer the purpose for which it was
designed. It promises at this time little relief, either
as an instrument to raise money, or to absorb the
claim for Treasury Notes, which are daily becoming
due. From this cause, and from other ohs ious
causes, the dividend upon the funded debt has not
been punctually paid : a large amount of Treasury
Notes has already been dishonoured, and the hope of
preventing further injury and reproach, in transmit.
ting the business of the Treasury, is too visionary to
afford a moment's consolation. '
The actual condition of the treasury thus deicribed,
will serve to indicate the state of the public credit,
Public credit &paid, aaaantiAlly upon public opiolan.
The usual test of public credit is, indeed, the value of
the public debt. The faculty of borrowing money is
not a test of public credit; for a faithless Govern-
ment, like a desperate individual, has only to increase
the premium according to the exigency, in order to
secure a loan. Thus public opinion manifested in
every form and in every direction, hardly permits us
at the present juncture to speak of the existence of
public credit, and yet it is not impossible that the
Government, in the resources of its patronage and its
pledges, might find the means of tempting the rich
and the avaricious to supply its immediate wants.
But when the wants of to-day are supplied, what is
the new expedient that shall supply the wants of to.
morrow ? If it is now a charter of incorporation, it
may then be a grant of land ; but, after all, the im-
measurable tracks of the western wilds, would be ex.
haunted in successive efforts to obtain pecuniary aids,
and still leave the Government necessitous, unless the
foundations of public credit were re-established and
maintained.
In the measures, therefore, which it has been my
duty to suggest, I have endeavoured to introduce a
permanent plan for reviving the public credit; of
which the facility of borrowing money in anticipation
of settled and productive rivenues, is only an inci-
dent, although it is an incident as desirable as the
plan itself. The audios seemed to embrace whatever
was requisite, to leave no doubt upon the power and
the disposition of the Government in relation to its
pecuniary engagements, to diminish and not to ang.
went the amount of the public debt in the hands of
' individuals, and to create general confidence, rather
by the manner of treating disclaims tithe present
class of creditors, than by the manner of conciliating
the favour of a new class.
With these explanatory remarks, Sir, I proceed to
answer, specifically, the questions which you have
proposed
Ist. I am of opinion, that a considerable issue of
'Treasury notes, with the quality of being receivable
In subscriptions-to a national Bank, will have an in.
jurious effect upon the credit of the Government, and
also upon the prospects of a loan for 1815.
Because it will confer, gratuitously, an advantage
upon a class of new creditors, over the present credi-
tors of the Government, standing on a footing of at
inset equal Merit,
Because it will excite general dissatisfaction among
:the present .holders of the public debt, and general
lelistrout auutigg the capitalists, who are accustomed to
gedeattee the sew to the Guiernment.

Because, a quality of subeaibing to the natio*
Bank attackd to Tatum notes exclusively, will
Mod to del/Wilhelm velueof i 1 rblic debt sotto*.
• •

seising that quality ; and whatever depreciates
value of the public delft, in this way, must necessal
impair the public credit.
Because, the specie capital of the citizens of t!,,
United States, so far as it may be deemed applicabl,
to investment in the public stocks, has already, in
great measure, been so vested ; the holders of the
present debt will be unable to become subscribers tr.
the bank (if that object should eventually prove 4-
sirable) without selling their stock at a depreciaze;
rate, in order to procure the whole amount of the:
subscriptions in treasury notes ; and a general depres
sion in the value of the public debt will inevitsibl,
ensue.

Because, the very proposition of making a ccns
derable issue of Treasury Notes, even with the (-I+
lity of being subscribed to a National Bank, can on.,
be regarded as an experiment, on hich it seems
gerous to rely ; the Treasury Notes must be pu:
chased at par, with money : a new sect of credit:.r.
are to bs created ; it may or it may net be decrty.i
.an object of speculation by the money-holders, to sui,
setibe to the Bank ; the result of the experiment can.
not be ascertained, until it will be too hue to provi&
a remedy in case of failure, while the credit of the Go•
xernment will be effected by every circumstance whit'
keeps the efficacy of its fiscal operations in suspense
, or doubt.

Because 'the prospect of a loan for the year 181
without the aid of a bank. is faint and uapromitirg ;
except. perhaps, so far as the pledge of a specific tax
may succeed ; and then it must be recollected that a
considerable supply of money will be required fur the
prosecution of the war. beyond the whole amount of
the taxes to be levied.

Because if the Loan for the year IBlshe made to
depend upon she issue of Treasury notes subscribed
to the National Bat*, it will probably fail, for the
reasons which have already been suggested ; and i:
the loan be independent of that operation, a conside.
sable issue of Treasury notes, for the purpose et
creating a Bank capital, must, it is believed, depriv
the Government of every chance of raising money in
any other manner.
2d. I am of opinion, that it will be extremely dial.
cult if not impracticable, to get 44 millions of Toa.
sury notes (forming with six millions of specie, the
capital of a•national bank) into circulation, with e:
without depreciation.
Because if the subscription to the Bank becomes
object of speculation, the Treasury note will probably
be purchased at the Treasury and at the Loan ollices•
and never pass into circulation at all.
Because whatever portion of the Treasury notes
might pass into circulation, would be speedily with•
drawn by the speculators in the subscription to the
Bank, after arts had been employed to depreciate
their value.
Becaose it is not believed that in the plesent state
of the public credit, 44 millions of Treasury notee
can be sent into circulation. The only difference be
tween the Treasury notes now issued, and dishonouted,
consists in the subscribable quality ; but reasons have
been already assigned for an opinion, that this differ.
ence does not afford such confidence in the experiment,
as seems requisite to justify a reliance upon it, for ac•
cemplishing some of the most interesting objects of
the Government.

I must beg you, Sir, to pardon the haste with
which I have written these general answers to 'cut
enquiries. But knowing the importance of time, am:
feeling a desire to avoid every appearance of contri•
bating to the loss of a moment, I have chosen rather
to rest upon the intelligence and candour of the Com•
mittee, than to enter upon a more laboured investiga-
don of the subject referred to me. I have the ho.
none to be, very respectfully, Sir, your most obedient
servant, (Signed) A. J. DALLAS.
William Lowudes, Esq. Maisano, Sm.

A Gentleman, who came passenger on board one
of the vessels that lately arrived at the Teed fror
Philadelphia, is arrived in town. He sailed Iron
thence on the 15th ult. and states, that the Americat
frigates which sailed at the time of his departure, bay
lIISMICtIOIIS to cruise in different latitudes, and not to
form a junction at a certain destination, as stated b:
some of the Papers. The Guestiere, Commodot
Roasns, had not sailed when be left Philadelphia
but was hourly expected to leave the port.
Four American vessels have arrived at the port t)
Alicant, from different ports of America.

The Duke of YORK yesterday transacted busines
at his Office in the Hone Guards, but did not hold ;••
Levee.
. The Duke of MONTAN/ entertained a select pare
to dinner yesterday, at his house in Grosvenor.square
The Sealant AMBASSADOR had a party to dinne
yesterday, at his house in Portland-place.
The Dowager Countess of ESSEX had a fashionabl
party yesterday evening. at her house in Curzon
street, Mayfair.
The Earl and Countess of BRIBOROUOK. the DOW
ger Countess of SRAFTSBURY, and the lion. WILLIAD
and Lady BARBARA PONSONBY, have arrived at Mar
seilles, where they intend to remain for some time.
Yesterday as some labourers were digging in a
beiek.field, near Clapton, they discovered a stair
coan, and on removing the lid, a skeleton was found
but in a state of complete decay. for the greater par,
aambland away when touched. There was no in
senipdob whatever and no mark by which the name
tank of the deceased can be ascertained.. The
.411111 is 9f granite, ten inches thick, and it was found
aqsarter of a mile from the banks of the river Lea •
There is ne burial place o'er the spot.