Star.
London, England, 1826-01-25 00:00:00

such debts as he may happen to have uirtquidatea at
this moment, nor without subjecting Aim to legal
coercion, if he is unprepared to answer the demand.
_This system of universally calling in debts under. thee.
terror of law, has produced, we regret to say, an aggre-
gate of distress, which no mind endued with feelings of
humanity can reflect upon without sensations of the
deepest compassion. The prisons are crowded with
honest but unfortunate debtors, who, had they been
left at liberty, might have gradually satisfieJ their cre
ditors ; but contaminated by the dreadful contact with
the ordinary profligates who inhabit our gaols, they
resign themselves to despair and insolvency. It is a
melancholy truth, that the Officers of the Insolvent
Debtors Court, are at this moment so overwhelmed
ith schedules and petitions, of those preparing to take
the benefit of the Act, that their labours night and day
are incessant, and when or where the miser y will end,
no one can tell.

Instead of resqrting to the only remedy for this cala-
m;ty, which is to conjure and exhort creditors to exer-
cise a degree of forbearance proportioned to the inten•
sity of the existing distress, which, after all, can only
he temporary, most of our brethren of the Daily
Press are busied with profotmd spvulations on the
means of preventing a similar convtrlsion hereafter.
Such an evrnt, however, is not, in the ordinary
dispensations of PROVIDENCE, likely to happen for
a long time to come; for the mania of adventure
which raged among us last year, like a pestilence, has
received an awful correction, and has been scourged
from the face of the land with whips of scorpions. One
of the remedies, however, which is much dwelt upon
in a pamphlet recently published (and which, for some
reason unknown to us, is *uppostd to be a programme
of Parliamentary measures on the part of Government),
is the limitation of country banking, by the means of
requiring thpse who issue private notes, to deposit irk
pledge with Government, funded or nibs" property to
twice the extent of the paper they intend to send forth.
Now as every banker will, in this case, assign over
property, to the utmost extent of his means, we should
be glad if the advocates of this ingenious panacea would
answer us one simple question—where is the Country
Banker to God money to pay his notes, in case of a run
after he has tied up in trust all the tangible substance
*he possesses for raising money ? It will be answered
that if he cannot, the trustees can, and will pay them
by a forced sale of the effects in their hands, but this
must be a work of time, and will, moreover, by the
depreciation of property in a season of distress, aggra-
vate in a tenfold degree the calamity.
The paper of private Bankers must,therefore, become
by law substantially a legal tender ; so that one half of
the whole capital in the nation will be coined into a
paper circulating medium, and if such a circumstance
will net create an universal rise of prices, and the de-
strtiction of manufactures and foreign trade, then
human affairs have become totally changed, and k is
useless to reason limn the experience of the past.

Accounts from Vienna state, that the intelligence of
the Porte sending Tat kish Plenipotentiaries to the
Morea had excited great sensation there. A letter from
Constantinople, by the last mail &mil Buchatett, affirms
that the representations of some Foreign Ambassadors

have induced the Porte to send negociators to the head-
quarters of IBRAMIM PACIIA, to treat with the Greek
Chiefs for a suspension, or rather a cessation of hostili-
lities. Other accounts affirm, that the Foreign Minis-
ters alone could never have induced the Porte to take
such a step, send that it must be attributed to the repre-
sentations of lanantst PACIIA, and of his father. It is,
affirmed that the Porte, which some time ago guaran-
teed to IBRAHIM PAULA the ger.eral Government of
Greece, is unwilling to confine itself to the military
possession of the fortresses, and to give to each of the
Greek fortresses promises of a Lieutenant-Governor
chosen among the inhabitants, leaving those functiona-
ries dependent on IBRAHIM PACHA. These places, it
is said, will be conferred on the principal creek Chiefs,
if they readily submit. There is a great deal said about
proposals already nude on this subject, which, it is
affirmed, at least at Constantinople, have been well re-
ceived by some military Chiefs.
The Russian Charge d'Affaires is said not to have
received a satisfactory answer to his late remonstrances,
though they were strongly supported by the Ministers
of the other Continental Powers.

In a preceding column we have given, from the
French Papers, an account of the ceremonies observed
en removing the body of the late Emperor ALEXA NDER
from the palace at Taganrog to the Greek Church,
preparatory to its being conveyed to Moscow. Wit have
also inserted an eulogy on his reign : vie cannot, how.
ever, but consider that the late EMPERJR had better
claims to the gratitude of his subje:ts, than the forma-
tion of the Holy Alliance.

It is supposed that the Session of Parliament will be
opened by Commission, as it dors not appear that any preparations
have been made for his MAC/=SW/ going in state to-morrow week
to the House of Peers.

His Majesty's Ministers are all expected in town be-
fore Friday, for the season.
A Coriespondent from Oxford informs us, that Mr.
Hura has written to the Vice CUANCZLI.OII, and desired It to be
publicly made known in the University, that he intends to retire
immediately on the meeting of Parliament ; and we understand
that Magdalen College have come to a resolution Us propose the
Sot ICITOR-GaNtRAL as his successor. _ _

NIINIt4G INTULLIGENCE.—Copper ores sold at Red-
nab, Jae. 12, 1826, 2597 tons; ge produce, 611; quantity of.
fine copper, 171) tons 14 cat. amount of tAle, 13,9311. St.—Average
standard, ICU 10s.

The 2d of December, a huge ship arrived at La
Guayra, from Szotland, with two hundred and fifty emigrants,
sent to Colombia by the Agricultural Society established in Londgp.
The sub•cnpitons for the relief of the sufferers by
the fire at Miran►lehi will exceed ,f7.:0,000 on the other side of
the Atlantic.

Litters from Cape of Gent! tl ,pe, cf the 22,1 of
O.tober, state that the Colony was w x healthy state.