Star.
London, England, 1824-02-28 00:00:00

(Mr. *at my
jeet upon which Hon. Members who hail applied all their ander*
standings to it might not differ, and very widely, from each ether.
(Hear).--But although that were the case, and although others
might be 'opposed to his opinion,, yet he should be very far from
casting any imputation of simplicity or stupidity upon lion. Mem-
bers who were opposed to him in sentiments, as the Hon. Gentle-
man (Mr. Calcraftj had presumed was east upon those who agreed
with him in thinking the Usury Laws a benefit. The Hon. Gen-
tleman seemed to be of opinion that the borrotter would be en-
tirety hl the mercy of the lender. But was not the lender now tied
dowirto a certain rate of interest? He (Mr. Huskisson) was die.
posed to believe that the laws were now oppressive to the borrower.
He could not however dispute, that those who were sow debtors
were protected by law against the demands of the creditor beyond
the prescribed boundary. He would maintain that the laws were
mien upon ail borrowers. He perceived that the general feeling
Niliosition to the proposed measure sprang Prow the landed inte-
r hear)---for the merchants did not apprehend any dan-
Ler from the proposed alteration. He differed from the landed pro-
prietors, and could state with the utmost confidence that taking the
laws as they at present stood they were prejudicial to their real in-
terests. The Right lion. Gentleman then entered briefly into the
objections which had been stated to affect the Usury Laws, from an
analogy of those of liollited and Prance ; and concluded with de-
claring tliat be supported the present resuictions in order to further
the interests of that very cults upon whom it was said they weighed
so heavily.
Sir It. HERON was of opinion, if this measure passed, it would
lead almost to the sum of the landed interest of the country. Did
pot Gentlemen recollect that the contest amoiag money-lenders
would not be who should lead cheerer. but who should übtaiu the
begs st interest?
Mr. T. WILSON thought the House was not in possession of'
silifficienrinformation to justify their coming to a vote on the sub-
ject. Now, one thing was certain, and that was. that they were
now about to repeal a law with which the landed interest were not
wry way dissatisfied.
Sir J. SithillGHT supported the Bill, on the ground of the •
benefit which landed proprietors would derive from it.
Mr. BA It 'NG supported the Bill, in a persuasim that the re-
peal of the Usury Laws would be a benefit to every class of per-
sons in the country.
The House then 41vIded—For the Motion 48—For the Amend-
ment 52—Majority If.
When strangers were re-admitted, the House was in a Conunittze
on the Bill.

OD ti.e suggestion of Alr. Baum, the Chairman reporsed loft:o-
-gress and obtained leave to sit again.
The other Orders were disposed ot, and the House adjourned at
Hatr.rast Two o'Clocc.

EAST INDIA HOUSE.

Yesterday an adjourned General Court of Proprietors
of East India Stock was held atthe Company's House,
in Leadenhail-street, fur the purpose of resuming the
consideration of the propriety of petitioning Parliament
for the repeal of the compulsory Clause of the Act of
the 53d George 111. objets coeds that no Vi ritei
Shall be sent out to India, who shall not have pi eviously
resided for four Terms at Ha)ley bury College.
Mr. Morizy rose, and, in a very eloquent speech,
pointed out the vatious benefits which the Company de
rise] from the Institution at Ha)leybury, and con-
cluted by imploo igg the Proprietors to put a direct ne-
gativ:: on a proposition, which, it carried, would effect
the demolition of the College.
Mr. Tna sr expressed himself as decidedly in favour
of the Itei-olution. He urged that the young men
ought rather to be educated at Oxford or Cambridge,
than at Hayle) bury, and in support of Isis opinion
quoted the speech delivered by Lord Grenville, in
1813, who censured the establishment of a separate
College for the education of young men going out to
India. His LoitLhip.considered it most unwise to rear
up the young men as a sort of caste, instead of allowing
them to mix in general society, by which means alone
they could form a strong and masculine character.
Mr. Dean stated, that when the Institution was first
projected, he, deceived by the speciousness of the plan,
was zealous in its support. But he would not he acting
justly, it he c:id not say that eighteen years exi.erience,
with a vigilant eye on what passed during that pet iosi,
had greatly altered his opinion. He then pointed out
a veil iety ofdelects in the system, and reprobated, in
strong terpis, that Statute of the College by which con-i
teo.ions nt delinquency were extracted from the stu-
dents. He lamented the expulsion of the young men
in 18 ?,2, on account of mere boyish thoughtless tricks.
He was grateful to those who brought forward this
propo which he thought would produce very
beneficial effects.
• Mr. It. GRANT, though of opinion that those discus-
sions tended to injure the College, would yet add, that
the injury was ccnsiderably lessened by the tone of
calmness and temper with which the Motion had been
broughtforward, and which had characterised the whole.
debate. The -Learned Gentleman contended that it
there were any defects in the laws by which the College
was governed, the proper course would be that pro-
posed by his Hon.'Friend, (Mr. Hume), namely, to re-1
ter to the Court of Directors, to consider what steps it,
would be necessary to take to remedy those defects, in-
stead of proceeding at once to Parliament, and as must
be the case, opening the whole question to the decision
of the Legislature. The Learned Gentleman then pro-
ceeded to inquire, Ist, Whether the College had in any
fair degree answered the purposes for which it was in-
tended, and not whether there was any probability of
those porposis being answered by the substituted Esta-
blishment now proposed ? The Learned Gentleman
argued, that the College bad fulfilled the objects which
it was instituted to attain, and pointed out the defects of
the system which .would be established, if the motion'
were agreed to. In point of integrity and efficiency
for the performance of their duties, the great body of
their Civil Servants were more distinguished at present
than at any former period, No less than s,7ths of these
servants were supplied from Hayleybury College, and the
source which supplied so large a portion of meritorious
functionaries could not be so corrupt as had been described
To prove the general improvement of the junior de-
partment of the service in India, he quoted the Ad-
dresses of the Marquis of Hastings at the College of
Fort William in 1818 and 1822, and observed that the
individuals who were the most distinguished were mem-
bers of the calumniated Institution at Ilayleybury.—
From these and a variety of other facts, he contended
that the College had answered the purposes for whichit
was instituted. The Learned Gentleman then compared
s ith great minuteness the system of examination in,
public vim vat., which was now recommended, and the
exaniitaation in writing at present pursued at the Col-
lege,' and gave .his opinion decidedly in favour of the
latter. He also defended, at considerable length, the
practice of allowing the examinations to be conducted
by the Professors. The Learned Gentleman then ad-
verted to the charge of immorality which had been le-
velled against the College, and contended that at Hay-
leybury there was more moral conduct than was to be
found at either of the Universities.—At six o'clock an
adjournment of the debate till Friday, March 5, was
moved and agreed to.

The Homing Chronic& retains its accustomed supe-.
sloth*/ is siva% the reuliamer.taty Debates.

LONDON; •

SATURDAY, FEBitlifW•2B, :1524.
THE ',um* •"
STOCK EXCHANGE, TWELVE O'CLOCK.
Consols opened this, morning at D 44 tq 93, and ;ow ewe were
done at with a good deal of business doing ; and ior fflopey.924 4.
FOREIGN FUNDS. .
The above Market was also brisk this morning,
Current Prices :—New Spanish 194, Ohl 244, Ruisian 954, chi-
lian 111, Austrian 104, Colombian 674, New Prussian witi, otap64,
Mex. Scrip 124 4, Greek 2, Anglo Slings 74, liellet's Mints I die:
AUSTRIAN FUNDS. • • • •
•

VssaniA, Fits: 13.—Metalliques 86. i. 13k. Sh. NO. t.

Fxs.l4.—bletalhques 36. 3-16. ft. 9h. 940. 9-313.
PRUSSIAN LOAN, NEC OCIATED BY M R.N. M. ROTH'S-,
Cf 111.41 IN LONDON, IN Ism

The Hail-yearly Dividend on the above Loan, which becomes
due on Thursday, the Ist of April nest, will be paid by Mr. N. M.
ROWSCHLLD, on tbh and every succeeding day (Sundays excepted),
between the hours of ten and two. at his counting-house, No.
New-court, St..Swithin's-lane. The dividend warrants, with a list
thereof in numerical order, mint be left one day for examinatiop.
PH ICE OF STOCKS AT ONE O'CLOCK..
Bank Stock 2381/2 '239 238%
3 per Cent. Reduced 93% %
_ _ _

8 per Cent. Cons. 921,4 per Cent.:lo2
4 per Cents. Old 1021/4 541-4 per Cts. New 107'% Vs
Bank Long AnnuiLies 23 Vs 1-16 '
Imperial 3 per Cents. 921/2—lndia Stock 278
Ilia Bonds 775. 6,s.—South Sea Stock 10434..
New Annuities 921/4
Ezch. Bills (121,0u0) 435..385.—5ma1l 445. 41s.
Consols for Account. 927/8 931/4 93 931/4.

This forenoon we received the of yesterday, hy.
Express. It contains a long artrele from the Maebid
Gaelic of the 19th instant, on the opening of the Britigp
Parliament. The Editor quotes passages from tEe
speech imputed to the Earl of Ltverroor., and com-
ments on them in notes. Alluding to the remark of his
Lordship, that the Spaniards should be, left to settle
titer own quarrels, the Gazette says—,4 This way of
thinking is that of a country where they see with Plea-;
sure, two men fight until one, of them falls dead, but it
1
is fortunate for us, that the. French Government look
upon us with more compassion than Lord Liverpool.
" According to the Britannic Minister, Spain ought to,
have made concessions, not to France, but to Spain
herself. His Excellency will permit. us, (says the
Spanish writer) to observe that this way of speak-
ing is intelligible only to? himself. Lord Liver-
po(:l thinks that Spain ought_ to lose her Colonies
because she refused the mediation of England. NO.
we are convinced of the bad effect of all the revo-
lutionists in the world ; and we think, if their projects
are assisted, it will prove prejudicial :o all the world;
and according to this principle, we think that the re-
cognition of the Independence of our American Colo-
nies will he dangerous not only to Stain, but also'
to England."

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that Committee Committee be had brought 'forum:ll the.ptesent all. He -- • ••• -...T14E: F‘TENpki STAR.' .
.
,(Mr. Hfiskitson) vial not prepared to ry that thilwas lot sdilio. : ' ~" ..4.1
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