Star.
London, England, 1822-02-15 00:00:00

MINORITY

OX SIX IOXIIIT vaLson's MOTION ►ot TATUM SOLATITI TO ■$

011011111I*1 TRAM Tea •A11301%-rli. 13.
Abercromby, Hn. J. Ferguson, Sir R. Price, R.
Althorp, Viscount Grattan, J. Plumber, John
Beaumont, T. W. Graham, Sandford Bickford, W.
Baring, Sir Thomas Guise, Sir W. Ramsdell, J. C.
Barrett, 8. M. Gurney, H. Ricardo, David
Benyon, Benj. Hamilton, Lord A. Robarts, A.
Bernal, Ralph Heatheote, G. J. Robarts, G.
Birch, J. Heron, Sir R. Robinson, Sir G.
Brougham, H. Hill, Lord A. Rowley, Sir William
Browne, Dom. Hobhouse, J. C. Rumbold, Charles
Bright, H. Honywood, W. P. Russell, Lord John
Burdett, Sir Francis Hughes, W. L. Russell, R. G.
Bury, Viscount Hume, Joseph Rice, T. S.
Bentinck, Lord W. Hurst, Robert Smith, William
Buxton, T. F. Hutchinson,Hn.C.H.Smith, Samuel
Boughton, Sir C. R. James, William Scarlett, J. 1
Calvert, C. Johnson, Colonel Scudamore, R. P.
Calvert, N. Lenox, Lord G. Sefton, Earl of
Chaloner, Robert Leycester, Ralph Stanley, Lord
Calcraft, John Lushington, S. Stewart, W.
Chamberlayne, W. Marryatt, Joseph Stuart, Lord 3.
Carter, John Maberley, John Sykes, Dan.
Clifton, Lord Macdonald, James Tennyson, C.
Coke, T. W. Monck, J. B. Tierney, Rt. lion. G.
Creevey, T. Moore, Peter Whitbread, S. C.
DeCrespigny, Sir W. Normanby,Viscount Williams, William
Davies, T. H. Nugent, Lord Wilson, Sir Robert
Denison, W. J. O'Callaghan, J. Wood Alderman
Denman, Thomas Ossubton, Lord Wyvill, M.
Duncannon,Viseount Palmer, Colonel
Dundas, Hon. T. Pelham, C. F.
Ebrington, Lord Pares, Thomas ratios.
Ellice, Edward Phillips, G. R. Bennett, Hon. H. G.
Ferrand, 8.. Powlett, Hon. W. Lambton, J. G.
Sir W. Leman paired of.
Lord MILTON and Lord TAVISTOCIC having come
up on purpose to support the question on Wednesday,
were under the aecessitL of leaving. London before
it came on, in consequene of indispensable busi-
ness in the country.

The Market opened this morning at 78i, and a great deal of
business doing In all descriptions of Stock, and particularly In
Foreign Securities. The Five per Cents. ate 105 h; but it stems
the expected ?Jesup from his Merrier this evening has not as
yet made much impression on the Funds this morning. Co-
lumbian Bonds, on the let of February, 1822,wi1l have eightitie
months' interest due on them: they now bear an interest of ten
per cent. if paid here, and twelve per cent. if paid abroad. The
Jews yesterday brought 40,000 of them into the Market for sale,
which, we understand, will soon be got rid of without any de-
pression on the market; the price this morning of Cobunbian Bonds,
is 85, including the 16 per cent. which reduces them to 70. Ten
per cent. is paid off.
ONE O'CLOCK
The sales that have taken place within the last hour have been
considerable. The interest increases with respect to the die-
closure that will be made to Parliament this evening, and gam-
bling transactions are doing as to the effect upon the Funds,
either favourable or unfavourable. The anxiety at present exist-
ing in the City is beyond description, and the result a the de-
bate this evening is awaited with uneasiness by many The
Market, since twelve o'clock, is considerably depressed: Consols
are, at this hour, 77i. Some sales for the Account have been
done, it is said, by parties who have hitherto speculated far a rise.

CURRINT PRICES:
Bank Stock 245 244%-5 per Ct. Reduced 78341 3/4
S per Cent. Cons.7Bl/4 % 775 78
9% per Cents. 89% 3/4
4 per Ct. 991,E 3/4-5 per Cent, 105% 104% 1053/4
Bank Long Annuities 201/8 1.16
India Stock 242% 249—India Bonds 775. 765. pre.
Old Annuities 78%

Exchequer Hills of El,OOO, 7s. 4s. pre.

Dittoo small 7s.9s.premium
Consols for Acct. 78 IA 3/277 I/8 78.

To-night the Marquis of LONDONDERRY will make
his promised developement of the plans of Ministers,
in the. House of Commons, and as his Lordship relies
with rent confidence in their efficacy in relieving
the financial embarrassment and distresses of the
country, there is much speculation as to the nature
of the specific to be proposed. The cry for retrench-
ment and for a reduction in the public expenditure,
has become so loud and so universal, that Ministers
are, at length, compelled not only to listen to it, but,
wetrustalso,to obey it. It is said that his Lordship
will come down to the House with a Message from
his MAJESTY, announcing the consent to a reduc-
tion of £300,000 in the Civil List, to be equally
taken from the different departments of his Ma-
JESTY'S Household ; and recommending a propor-
tionate reduction in the salaries of all the ser-
vants of the State. Such is said to be a part at least
of the projected plan, and, so far as it goes, it must
meet with the approbation of the country; but the
point is, it does not go far enough. The times re-
quire sacrifices ; the Public have made extraordinary
ones, and are suffering in consequence. It is, there-
fore, right and proper that every man, without dis-
tinction, who is paid out of the public purse, should
renounce a portion of his pay, salary, or pension,
equal to the alteration that has taken place in the
value of money and the expense of living. The re-
duction of salaries is essential, but may not pensions
also be reduced in a similar proportion ? Can there
be nothing retrenched in the Half-pay List ?We do
not hesitate to say that a great saving may be made
by some alteration of this nature ; but it is not mere
reduction that will or ought to satisfy the country.'
—There are many cases in which abolition ought to
be resorted to. To the establishments of the country
at home and abroad, the test of utility should be ap.
plied. We wish for something more than merely lop-
ping off from the income of a Lay Lord of the Ad-
miralty, or other Sinecurist, a part of the increase
which it has experienced since the war by the im-
provement in the currency. The whole of the public
expenditure should be remodelled in every branch ;
every unnecessary place abolished ; every over-paid
Placernan and Pensioner reduced; every contract
opened to fair competition. Until all this is done, we
trust that the country will not be satisfied with any
specious projects, however ostentatiously they may
be brought forth.
There is another source of economy of which Mi-
nisters should be compelled to avail themselves in
foreign Embassies. Why should Envoys be sent to
petty Courts, such as Florence, Stutgard, Turin, and
Switzerland, at salaries of nearly £4,000 per annum,
when Charges d'Affaires at £l,OOO would answer
every national purpose ? and why should not Ambas-
sadors, in like manner, be replaced by Envoys, which
would be a saving of £B,OOO each to the Public ?
We are aware of the necessary expepditure of the
country being very great ; we are aware of the diffi-
culties in which the country is placed ; but, let these
difficulties be fairly and honestly met, and we do not
despair of the resources of the country still enabling
us to surmount them all.

Another part of the plan of Ministers is said to be
a proposal for paying off the Five per Cents. and
creating a Stock in the Four per Cents. to the same
amount, which would effect a saving of about a mil-
lion and a half. There is also a report of some re-
lief being afforded to the landed interest, by a reduc-
tion of the taxes on malt, leather, soap, candles, &c.
The project of lending money to relieve the agricul-
tural interest is, we presume, abandoned.

THE E ENINV-gTAR.
LONDON. •
FRIDAY, FEBRUARY 15, 1522.

STOCK EXCHANGE, ELEVEN O'CLOCK.