Star.
London, England, 1825-12-10 00:00:00

LONDON.

—.sm.
SATURDAY, DECEMBER 10. 1825.

STOCK EXCHANGE, TWELVE O'CLOCK.
Consols 'openedat 534 4, and got op to 64. Several large per.
chasm have been made. They are now 11111 114 fee the Account.
In the Foreign Market litd. Is deist.
Current Prices: Old Spanish 144 IS, Remise 661, Nieideen
Sic per Cent. 641 65, Celosablan New lin IS, Greek Kends 17 It.
Buems Ayres, par.

PRICE OF STOCKS AT TWO O'CLOCK.
Bank Stock 21154 211 %
3 per Cent. Ned. 8234 %
• per Cent. emu. Shut.
S per Cent. Red. 8914 %, 96 8914 •
4 per Cent. New Shut.
Long Ann. 20.1934
India Bonds 17 24 dis. • •
.• 000 Excheq. Hills 19 25 11 25 •
1:500 ditto 20 25 dis. •
0100 and 1200 ditto 12 10 dis. •
•
Bank for Acct. 213
Vous. for AccOunt 83% 84 83% V.
FOREIGN FUNDS, TWO O'CLOCK.
Asada' Ms 5 p Ct Mr:. lkrip.
Brainiest &edge . Nrepolkan Ikeda,
Do. Scrip. 5 p 11115, Peru.. lkia,S pe 4S
Ditto Acct. Ditto Acct. 4$
Menus Ayres Deeds Ditto Scrip, 1610.6 p C.
Chinon Boads,6 p Ct. Postuguess Kends
Colombian lids, 6 p C. Press. ads. c p C.
Ditto Acct. Do. Bends ISM -
Do. Ede 11114.624. $ Russ. Eds. ISSS, tip Ct.
Do. Acc.6sl 391 Ditto Acct.
Danish Melds, 10$ Span. Sp Ct. C. 141 1
Du. Marks Ditto for Ace. 141
Dittollonds.3 p Ct. IS'S, 601 1 Ditto SIO.
Ditto Acct. Span. p. t.'t. C. let;
Greek Bonds French Rims, S p C.
Do. Ms, 11125,, 161 Emitange,
Ditto Acct. pC. Wench Rent's. sp C.
Mn.x Bonds $ p. Ct. Kuban?,
Do. 134,1643,4 p Cc.6l Guatemala Scrip, dia.
Do. Aut. 65 41 5 41 1 f Ditto Atm. dis.
BRITISH AND FOREIGN SHIRKS, TWO O'CLOCK.
141111112.
too 3$
100 S
100 S
SO
100 S
100 • S •
SS 5
40 *0
40 10
100 SS
10 6
100 le
SO S

Argo Mexican Spin.
Brasitian
Castello & Espirito Santo
Cobalt and Copper
Chilian
Colombian
Tywarnbale
'United itozican

Ditto New
British !ton Company •
Oritiah Rock Sc Patent Salt
Massimo Company
Patent Bricks
Vigo Bay

41 41i

• 1$

I .
Is,
17*
ISkls

7111

Si
ISO ISO

During the pressure of any public grievance, it will
invariably be found that a general anxiety prevails to
discover some quarter or other on which to attach the
blame of the misforynttet rather than to devise the
means of remedying the evil when it has happened:—
joat as when hay-sticks. aro on fire, people puszle their
beads to conjecture who may be the incendiary, not
reflecting that there may have been in the heart of the
property itself,- combustible ingredients capable of spon-
taneous ignition. So it has been in the recent commer-
cial distresses.

The fury of Share Speculations raged last Year in
this country, end was supported by the facility afforded
for berrowing, at a time when disposable capital was
is excess: Real mercantile transactions suddenly, in
the meanwhile, increased to a prodigious extent, by
the removal of many commercial restrictions on To-
reign Trade. Both the one and the other clan of
adventure absorbed the whole capital before unem..
ployed, and, in addition thereto, createda vast amount.
of fictitious capital, in the shape of accommodation bills.
A great speculation in cotton happening to fail, the note
of Alarm was instantly 'sounded. The accomthodation
bills could no longer'he renewed, by a progeny of the
same unblessed kindrid.:::and the El Dorado, from
whose treasures they were to beisiid, bad still remained
u'ndisiovered. They art protested ; and money to pay
them is in the highest Sequin. Property is .sold to a
great disadvantage, debts are pressed in, all depOsit mo-
ney of every description, whether entrusted to town or
country Bankers, Agents, Brokers, or others, is sud-
denly reclaimed, and these, in their turn, deliver over
their debtors to the tormentors ; so that the monies,.
turn given from a single point in the centre, vibrates
its disastrous motion, by infinite radii, to every part of
the circumference, and becomes for the moment a real
calimity. But the tangible property, the absolute capie
tal of the country remains just as it was before, with the
slag!, exeePtion of the foreign loans. When the visionary
wealth is therefore dissolved into its primitive elements
of a thin air," can there be any doubt that the panic can-
Sequent on its dissolution will subside, that mutual con-
dence will be mewed; and that the &posit money,
now withdrawn, will be returned into circulation and
seek for re-investtaent its lieretofaiel• • -
• In all this, we. his-MISTY' coriceivit;thi •Ott-.
dote are as intelligible. to our If-cackiis as •
cond *10"—•
:
There:is no reason, therefore, -.for imputinethe recent-
d ;stress to the three Mitt% to which we yesterday abided
as having bent put forth by so tints of our • eatehrpo;'
"Ties respectively. 111Fseltre. lst.Tha Ifie
the Bank was the • curse •pf the country. •I•td. That the
Batik and eonnify bankers, in departing irom-tiro ordi+
nary principles of banking, to lend money on mortgage,

had cancnereed the evil. sidiejilit thi'iatter
;espied the, assattsrby,easibase isTniesk`9d. Thartbe
repeal of the Usuri.Lassa, if ..adgPterillst Session,
woad' have preVentsil
It is evident that eaeh thew topics 'open a very
ire.kiAoldiscussion, in w espial we cannot at oars
W f, therefore. content

enter. to must for the present,
-iletfaltfa with observing, in refitence to the two Ent
points, that the Monopoly enjoyed by the Bank, is the
rock on which is anchored the only security the country
possesses against an excessive circulating medium in pail
per ; for,it is owing to that monopoly alone, that Parlia-
ment has any right or pretence for inquiring into if.
fairs of the Bank and compelling it to limit its hinges.
And it is beyond all question that country bankers are

governed, in their creation of paper, by tke Assent of
Bank notes and gold which they tan command. If,
however, they could obtain Bank paper to any "meat,
for which they could lodge real or moveable mentity,,
then is it self-evident that thii nation, like France Tor-
nterly, would be deliged with assignats, inasmuch as
every estate, real or peKional, throughout the land,coutd
be pledged for its representative in promissory
notes ; gold being a commodity of high intrinsic
value, would become useless, would disappear,
and be expelled from circulation, and all foreign trade
wAuld cease, except where it toold be carried on by
barter. -

The great retarding force, therefore, which effectu-
ally . overcomes the .perretual tendency to excessive

issues of

poet; is found in the limits-

don of Bank of England Notes.

The advance of money on mortgage would certainly
have created an excess of the circulating medium, had
it-not been that the sums so borrowed were, in the vast
majority of cases, raised in order to pay off old
incumbraaces, at an easier rate of
_interest; and that
the creditor who thus had his capital returned on his
hands found an immediate market is the Public Funds,
or otherwise, for his money, by reason that the very

inconsiderable extent to which the Bank advanced
on mortgage, was gradually subtracted from its or-
dinary issues. In short, so long as the amount
of
.Bank-notes in circulation continued the sans',
the system of lending on mortgage could have no
influence either way ; and it has already been 'hewn,
that the extent of the issues of country banks depends ab-
solutely on that of theßank ; else they could not count on
solvency for a single moment. Now, we know by the last
official statement, that the total sum of Bank notes in
existence is only equal to eighteen millions. We also
know, that in time of war it amounted to double that
sum : and we see before our eyes that the market price
of gild is lower than the Mint price. How then can it
be said that our paper currency is excessive ?
We are under the necessity of deferring our remarks
on the country banks, and the schemes proposed by
our modern Soloas for their perfection and improve-
aunt. One lawgiter, however, proposes a remedy so .l
singularly absurd, that we must find room for it.--
He suggests that every Banker should issue no
intim notes than to the amount for which he can
previously pledge Stock with the Commissioners of the
National Debt. As this will absorb all Isis capttal, we
should wish to know by what means he is to find gold
to pay his notes after he has issued them ?

The efforts now Making in the great county of York
to secure the returniat the next Election, of Represents•
tives hostile to the,- Catholic claims, naturally excites
much public as. Wellits local interest, as Yorkshire, if it
has not given the tbst% has often taken the lead on po.
litical questions: !One of our cotemporaries allude to
these proceedings as a proof' that public opinion has
undergone a great change in Yorkshire, on the subject
of Catholic emancipation; this, however, is not the case,.
for it has always been a zealous Protestant county.
although its present Representatives are both favour-
able to the Catholic claims. To some this may appear
paradoxical; but when we consider the expense of a
contest, ins county so extensive, and containing about
twenty-two thousand freeholders, it is evident that two
-or three of the rielsest familiei have only to unite their
interests,, and they e 4 almost procure the return of any
Member they please. '

• It is true, that in the -*memorable contest of:1807,'
whin there were only 'three Candidates, and the et.
pence of the election; was about Arm haadiad 4rtci,
thousand poun.it, Mr.-Wmararoacs was brought in on
the independent interest ; but it is to be recollected that
the talents and _popularity of this Gentleman united
men-of every 'party in his favoer ; his exertions. to pro-
•
cure the abolition of the Slave Trade, bad made him
be considered rather as the. representative of hu-
manity itself in the House of Commons; than Member
for the County of York; thus it war, that there was
not only an immense subscription raised to defray Mr.
Wu.szaroaca's share of the espensis of the contest,
but the neighbouring counties contributed' to the
fund. Nay more, there was even, a meeting of the
frjends to the abolition of the Slave Trade held in
London; Lord Tetonuoutu in the Chair, • at which
several respititiclis:were yams!, with a view of pro-
rioting his4Jagiaa. . One of these declared, " that the
talents and. tried -integrity of Mr. WILIUMORCZ had
givetkaistonly to the county of York, Issue the nation
intetost in his, rit-eleeti,eit was there-
foce-ospiverl. to Ries* sabacriptioi tilsti the expenses
ot the contest, whims a lie-ameie!..ja Atlas varying
tOritsittrinsfa to SOOkeres esbeeribotsse:. • . ,•
To the moral inflame bir..Wiiniiksarsos possessed.
is I 106 sloe a datta chi., interest, of isle it'd* *rand idates (tbe
of Fikeielibbi) lb* tit 1160. HURT LAIr
lat.i,Es, yet with all these adaptors he only: had a
majority of about six hundred. The fact is, that bad
the two great families of FITZWILL'IAM aid Haaawoov

'coalesced, irtstend 6f being opposed to each other, Mr.
WlLams:once himself would bate lint his election.
WEsiention these circumstances to thew the great dif-,
ficalty :grooming a Member foritorkshire, an piny, or
'even independent interests. But Co return tO the general
'feeling of the county of York on the Catholic question,
we say it was always decidedly opposed to it. 'The
late Mr. WALTIA Faswitzs felt this. This Gentleman
was returned on the popular interest, for the county of
York, in 1806, but having unluckily sleclared.himself
favourable to the. Catholic claims "during ..the short
administrarsion of the Whigs, he felt, on his return to.
his constituents, on the dissolution of Parliament, that
such was the public feeling on the subject, that there'
was no prospect of his re-election, and he declined 'to
offer himself a second time.

There hive lately been several meetings held in.
various towns of Yorkshire,with a view of procuring the
return of two Gentlemen on the Anti-Catholic interest.
We do not know on what ground success is anticipated,
unless it is thought, that if the present Members are
allowed quietly to keep their seats, they will permit the
other Gentlemen to be the supplementary Members,
Yorkshire being,at the ensuing Election, allowed to send
four Member', a privilege which the City of York once
possessed. It is, perhaps, also thought that Lord MILTON
will scarcely incur **expense of a contest, on account
of a contingepey, prebablosot very remote, which may
give hies a seat in another House ; we, on the contrary,
think his Lordship would readily again throw down the
glove to contest die county, confident that no person or
party would take it up.

Of the candidates proposed for Yorkshire, on the
Anti-Catholic interest. we know nothing; no doubt,,
they are men of strict honour and talents ; but they
have not the reputation of twenty years parliamentary
exertions, which Mr, WILSERFORCE possessed ; nor'
can it be expected that they will unite so many suf-
frages in their favour as he did, and yet we have
shewn with what difficulty it was that his return, in
11807, was procured. . .

• good deal of misrepresentation has gone forth on
the subject of the Yorkshire election ;- we saw in one of
the Papers a boast that there was butOneneWspaper in
the county of fork ravourable to the Catholic Claims,
whereas we believe there are five or six ivie advocate
them stoutly. It was also. reported ikaf Mr. STUART
Tu
vw ORTLZT, one of the present MembersfOr'ilie County,
had changed his sentiments on the itibjf!Ct'of the Ca-,
tholic claims; this. Mr. W. has aopii4 in. littor• to the
Reit. HOMY HEAP, who had made thn.#quirf, and
the following letter to the EditorlpfihnTerkskikeGazdter
- •
Weßvisylfriii.L;
.Noitasz Mk • .
Stn.—ln your paper of Saturday last, I obierre-the following
paragraph, stated to be taken from: Oa • itieflaltronleis" 01
the preceding Thursday, sad width I have slue seen repeated
io the London pewspapen
Mr. $. Vloattau—lt is rumored, that it cooseitetio A. A.*
change lately perceptible io the aspen of the ,Catholie quritim,
Mr. Wonky does.. not consider himself warranted-in Supporting
it in fume." • • -'
Nino at all dines. Most Melts that my plhical opintons
should , be thoroughly- known by any consktueoti,' I.:ant4rstoto
particularly so at this periodi-aod with rehrente to
ib! great
question alluded tots the Athemit paragraph.
I beg, therefore, to My,. that there is no fttundatial.ke the
roam, whisks it MOodeoe: -
Too are at liberty, if loillifolt proper, to publish ti bvietter
in you next amber. I sm. Sir, your very humble &Mast,
...• J. A. STUART woarrsz

We have only now to add, that both Lord: rs. Toss
and Mr. WoisTx. have deelAred their intention of
ofering themiaViSirragius to represent the county, at
the ensuing election, and that strong as 'the public
feeling may be in Yorkshire, on the subject of the Roman
Catholit ClUinrs, it will have a powerful competitor in
the interests and inttience•of these Gentlemen. In
stale thi Earl of -Haaaiiocks may throw his interest,-
sire know not, but amide . wi l certainly depend on his
Lordship in this respect.

We Ulla received Geriman Papers to the Sd it
Oil of them, the. 4111gernein Zeituag, contains letter
from Napoli di Itoinarsia. purporting to be written by
one German to another. It. however, smacks of French
origin. and givecivinst outrageously deplorable picture
of the Greeks. We insert. it fcir its extravagance and
absurdity :

AUGSBURG. Damage 1. '
• W. is uN3 -t-liged to a friend for the communication of
the following extract of a letter from Napoli di Ro-
mania, dated the 7th of October (from- a German to
another German at Corfu)c
,4 The Cambrian frigate) which has been for three.
days in our Roads, sails today or tomorrow for Corfu,
land I take thii opportunity of writing to you, after a
'long silence. I have not left Greece since May. r
passed a considerable part of this time in the islands,
part at Athirst, end the last here. • The object of my-
scientifit researches has. beets attended with little
snectss, not SD aach on account of the war as
of inexpressiblo . wretchedness, which is daily in-
creasing in .this classic country. I have, . however,
ured milt beautiful . medals, and hope .to
bring home some not uninteresting notes of the
Greeks.. I sin sick and tired. So mach corruption,
with so much barbarism, as is found in the majority of
the people, I have never before alea. Napoli is the
Centre of a base bunting after money.; every one has
the word country in his mouth) bat how many' are
those who would not sell it for a pairoli Pistol' inlaid
with silver.? The Moreotes, ftyingfromlbtaliim, crowd
•streets• of this town: seeeral of their victorious
CnOtainsoil the Deligiannis, Londo, and a hundred
ildrere; lounke from'sa-rise to san-mt in the coffee.
Govern Mint hai no power to compel these
uselessl:eagabonds to-their duty ; it reckons 36,000.
eeldiers, and has not, in fact, 6,000 ;bait can employ.
.Meantime, as is natural, the. internal disbeders and em-
isarrasstnehts increase, while the means of relltedying
them decrease in•proportion ; and ass* Aduiinigiatioo
exists, Greece will Consume itself, whether the Turk.

are victor:ous or not. It:araocogo, :he J 7:01
itho might_ establish some order- in Otero: ;t
rounded by enemies on every side, and without assist.
ance and Tens to do any good. Hence it is, that in
a period of five months, nothing has :many been dc-1.
for the defence of the country, except the organising
one battalion, and this would not have been aez..0.,.
plished, bat for the patience, support, and daily cfforts
of the French. Everithing that has the most Arne..
resemblance to a military arrangement 'is wholly •
and solely the work of the F:auks, especially the
French. The whole business may, perhaps, be the.
racterised thus:7-the Greeks, totally incapable, without
a spark Of patriotism, occupied and divided by the
meanest interests, idle, thoughtless, never. ready, ele.
are still kept feom falling by the counsels and exertkne
of the Franksi the colossal stupidity of the Turk;ond
the tardiness of the Egyptians. If the Greeks lead the
articles on Grcpce iP the European Journals,theyro
tigh:
have a right to cqnsider all Europe as one great Bee.
lam. • The lonian Islands, where you have lived fcr
some months (particularly Zante), furnish their fua
contingent to this mass of lies. I fancy to myself
there are regular manufactories, of news there, where
they work after certain rules. The American Com-
modore, Rogers and his people, who were some days
inuur Roads; have conceived the most unfavourable
notions of the state of things in Greece. I have spoken to
several American Officers,and to Commodore Rogers
himself, and they have all, with one accord, assured roe
that they had not found in Greece a single element cf
real political freedom, or of a Well•regulated Govez.
ment. Manrocordato apPeared to them to bi the only
man who possessed some ideas of politics and social
organisation, but that he. himself despaired of boos
able to make his countrymen capable of them, mad re.
garded the cause of independence as lost, I think to
stay here a few weeks, and to be.in Corfu by the ca
of this year."

NAVAL INTELLIGENCE.

--•..r~

Arrived off Dover, the *anus, Dam", front Boston.
Off Peosance the John, lhousan, front Smyrna ; and the Liam
„ from Lisbon.
At Wbitthaven the Eliza Ann, Hann.von, front hlirsmkhi.
At• Cork, the. 4evrtt, Bums. from Been* Ayres.
The Orion, I)eigiumvers. freql to Liverpool, was totaay
I wrecked 14 inst. in South Ronal6kay ; Ciefr saved. Cup and
part of the materials expected to be Avid.
Mundt, night. the brig . Nicholson, CAR Master, laden with
coals. from Harrington to Dublin. was driven on the strand, ma
the Black Rock. She bad pieiriendy lest ism ander and reddtt,
and was completely water-lofted,' her stito baring been driven in.
The crew were saved. • • • •

FAusotterr, Dee:. I.—Wilet 4.—.Airived the Nancy, Fink
from &. John's. Newfoundland, In SI days, with loss of bulwarks,
staunchions, bead, and part **Cher cargo thrown overboard;
Acores packet. M' Mosta, frorA'Denis—sailed the 34th (Mawr
and the Finny, Hamann:a; &An London. Sailed the Aliens
Patterns, for Van Diemen.'s band; Ahem', Psetasort, for St.
Michael's; Ceerops. G2L310111, for Trinidad; Brazil packet. Sess.
urr, for Rio de lam:fro; Henry William. Worts, for
.Maltat*Sl
F: Adam steamer, Coma, for Corfu; and the Enterprise, au,
for Bilboa.

Promoont, Dec. 11.,—Wind• Z.—Arrived the Doneastrt,T*,
from' London for Van Olemetes Land:. William Maitland, Mos•
amt. front Waterfor4 fort hoodoo • .and the Hind, Bunn, heti.
Antwerp, •
Poareatourn, Delkl4.Wlnd N.E. by N. line westher.w..lis
arrivals Or mailings. :•••••:: •
• Drat, D. 9.-11101- •Airived. and sailed for the Ilirer,
the•Svrift, hliehati's. Pas•ed through from' At
River, the, Woodman, 'Lucy, with convicts, frr Van Ellemeris
Lica ; Smelt; Sir Sierra Leone; Speke transport, for Cok;
Mary Ann, ......slor.tite westward; Helm., ASTROP, for Smyrna;
tied the Highland 41a,#;Foors, fat Malts. Remains, his Ilarst7's
ship Routine. . .
Ltvatroot; Daeif..r.Wind S.—Arrived the Washington,Jcsu,
and faneashire Witeii; Nuts, from Lisbon ; BIrA hy, 51nas,
from Bremen ; • and the. Magdalene, Romans, from Zonte, ar.
Vitirroam Dm. SetsEDoring the storm on Thursday r.ishr; Era
oloope..txre.wseffie4,op this coast. The Sant Filt,Ufite, MM.
dopie,,aisd'Amm,"altliilien with iron, and bound front Newport:
`tittreo"olastow and two to Liverpool, were driven on the stand
at* Tassimpshane; the fifth, of which we have not beau able to
,leariathe name or destination, was lost on St. Patrick's Bridy.
'Wee hands were lost from one vessel, the crews of the tubas
were saved.

Thursiay, the Duke of-trona left town cn a visit to
Mr. Gaszowooo, at his seat near Sudbury, Suffolk.
The Duchess of RENT honoured Covent Garden
Tbeatre,witivher presence yesterday evening.
The Cri.tNclitiost of the RECIIEQUER and Lad!
SARAH Rain:son came to town yesterday, from their how at
Beckenham, Kent, and in the evening returned to Beckenham.
REPRESENTATIVE PEER FOR IRELAND —Stitt of the
voting on Tuesday last t—Lord FaaweAst 40; Lord blowarasau.
34—Majority for Lord FARNHAM 6.
Sir THOMAS LAWRENCE yesterday arrived in town
from Paris, having been engaged in painting a portrait of the Kin
of FRANCt, by commission from our Most Gracious Soveatuns
Several silver vases have been eahibi ed Yip.
taken by the English adventurers &Om the galleons is the Whir.
They are in a tolerable state of preservation.
Wednesday, S r H. Toanaws, the Adlotant•Gene•
rat, inspected in the Infantry Barrack-yard, einterbury, the De-
pots of the 2d, 3d, 6t1420th, 38th, 41st, 47th, and 48th itegiuwom
A considerable number of the men from each Depot, will march is
the beginning of January, to embark for the East Indies: and Ll!ii
inspection took place In consequence. 'l,le DepOts maudlin'
healthy lads.
The Duke of Devonshire arrived is town yesterday, from his
seat, Chatswonh, Derbyshire.
Earl Spencer has arrived at the Earl. Talbot's seat in Stahl&
shire, from Lord Bagot's seat, Blithbeld.
Countess Spencer left town: yesterday, for bet sesi, Altherptp
Northainptonahlre. -
' Earl Gower hal arrived It Leal Harewood's seat in Yirkthicro
from a tour.
CAME Run; 9.—The present .Repretentatirst
of the University (Lord EALMFASTOIN and Mr. Ns**.
as well as the ATTODINEY-0111111RAL, have -persoialit
canvassed the ;cadent members of the Slisate, during
the last few .days. Mr. (300LBOAN is also announced
.
as a candidate.
Saturday, the remains of the late much reapetia
Dean of Gloucester (Dr, Pt.trurrac), were.consigned fO
the tomb. The pall-bearers were, the Right Hon. Earl
BATHORST,•Josarn -EA. the Rev. REGINALD
PINDAIR, T. J. L. Bata', Esq. the Rev. Jamas Vh-
TaltitiLL, and J. T. HMG% Esq. The three sons of the•
deceased, and two otherrelatiyes, followed the body as
• • • ,he
mourners:. On entering the great __western door of
i
Cathedral, the processi .n was joined by the Right Rev.
the Bishop. of the Diocese; the• Members of the.chir
ter, Minor .Catioas, Arc.
' At the Old Bailey Sessions this morning. S
as
was triad aaa. an hadammatt Mm with swag'
141 k et OctOPer. a tietr*r Irlaidi saw !dills Lambs in hi
_gcar's
of istlevaisoitoo to die "Gleadral reautillat,==rhir Jury reL
w'
Verdict el Gal* tirsadtektbe him* with Wen to gre
ate the postage to big own wee. - A question will, thereon, "' •
fat the opinion of the twelve Mies.