Star.
London, England, 1828-08-30 00:00:00

AMERICAN PAPERS.

New York Papers to the 9th instant were received
last night by the Silas Richards, arrived at Liverpool.
They contain no home news of any interest, but furnish
us with a variety of information from different parts of
South America, which is far from being destitute of
importance.

The accounts from Buenos Ayres emend to the 14!h
June, and give details of some advantages before ad-
verted to, gained by the army employed in the Bs azi•
Tian territory. The republicans had the gratifieation'of
receiving, at the same time with this news, satisfactory
evidence of the fidelity of the General who com-
manded on the occasion, which, it seems, had been
previously subjected to suspicion: The following is a
copy of his dispatch :

" VIVA LA PATRIA!
tifFoRTA NT IN TaLLIGENCF.

carrots OF TN' SIMI TOWNS OF LOS AIISSIONIES ORIINTALES, IT ITIN
NATIONAL rows, UNDZIV VII COMMAND OF I .10ADIER D. FRUCTU.
OSO DATZDA.

" liaun Costa de Ibicul, May 16.
ig Having promised your Excellency in my former
communications a detail of the events which have taken
place in this province of Missiones, since the troops of
the republic have entered it, I have now the pleasure of
fulfilling this promise, and of ann.-mooing to your Ex-
cellency that on the 21st ultimo we arrived on the banks
of this majestic river, and observing upon the opposite
side a strong detachment of the enemy who defended
the pass, I ordered Captain D. Felipe Cabellero to de.
tech eighty men, with their sabres secured to their
waists, aaJ pistols tied on their heads, to swim across
the river, being covered by Corporal Manuel Gallega,
who, wi h three soldiers in a small canoe, had passed
the river; we opened a fire, and the republican arms
were quickly covered with glory. For the particulars
of this event I refer your Excellency to the dispatch
No. 1.

After this success, I passed over w:th the rest of
:he troops, and continued my march, sending forward
at night Captain D. Manuel Antonio Igle,ias, accom•
panted by Lieut. D. Dionisio M sidana, of the company
of guides, with a small party, to the Estancia of Esco-
bar, where I had heard there was a party of the enemy::
scouts; an encounter took place, the details of which are
given its dispatch No. 2. The following day I divided
my troops ioto three divisions ;the first, commanded by

Captain Cabellero, took the road to San Francis° ; the
second, under Major Rivera, to San Borja ; and the
third, under my command, that of La Serra. The ope-
rations of the first and second divisions are detailed in
dispatches No. 3 and 4; the third has compelled 160
men who wete in the Sierra to surrender, taking from
them two carts belonging to the Gower nment,with arms,
ammuni.ion,. and some silver, 600 horses, cattle, &c.
I then marched with all possible speed to putsue the
Colonel Governor of the province, who, I Was informed.
had retreated by the Sierra de San Martin with 300
men ; but having arrived at La Cruz Alta, after march.
lug tive days and nights, the enemy still one day's march
ihead of me, and the scarcity of provisions such that
we were obliged to kill horses to sustain the troops ;
added to which, the number of individuals that came
over to tia from the retreating party, I was obliged to
'retrograde, bringing with me the Imperial standard
t Oren from the enemy, which I send to your Excellency
by my Adjutant Captain Jose Augusto Posolo. He
will toforns you of every particular which has occurred.
The conduct of the troops under my command has been
most exemplary ; I recommend them to your Excel-
lency's notice, believing them worthy of your consider-
anion. Neither hunger, danger,. nor.the innumeratile
tat igues they have undergonP. could damp their ardour,
tons' ancy, and patriotism. The conduct of the Indians,
Minn nos, and Charrucas, and their Caciques, Poli-
dorio and Juan Pe.tro, are not less worthy the 'noticeof
your Excellency ; they mare.ed with the division com-
manded by Captain D. Juan Francisco Fernandez.
" I will not tail to inform your Excellency of any
other occurrence that may.take place in this quarter.
Congratulating your Excellency upon this triumph,
and repeating the assurance of my particular devotion
and esteem, I remain, &c.

" FRUCTUOSO RIVERA."
[We omit the dispatches alluded to In the above, being too long
for publication.]

A subsequent dispatch from General Rivers, dared
Taim, May 19, communicates to his Government the
intelligence of his having added Santa Fe to the terri-
tory of Buenos Ayres. He declares in a laconic note,
tbat he has possessed himself of all the artillery, mu-
nitions of war, standards, and horses, and that he has
restored the peace, happiness, and liberty of Santa Fe.
The first division of the blockading fleet, of twenty-two
sail, was lying twelve miles off Buenos Ayres, under the
Admiral Granville; the second division, of twelve sail,
off Ensenado; and the third division off Point India,
on the 18th of June. It was thought at Buenos Ayres
that the Brazilians intended making an attack on the
town. These suppositions arose from the large 'force
then in the river, and from sending in flags of truce
on every trifling occasion. There was not considered
to be any prospect of peace with Brazil, and it is af-
firmed that the interference of England, so far from
having assisted, had retarded that event. An imputa-
tion was even current against this country of sstlfish
views, is aiming, through its Ambassador at Rio, at
the possession bf Monte Video.'
The advice, from Chile are to the middle of April.
The Congress was on the point of being removed from
Santiago to Valparaiso, and its inauguration was to
take place on the 15th. This measure has been adopted
to prevent the influence of party-spirit, and also to re-
parate the greater part of the deputies who belong to
Santiago from their domestic office's, so as to allow
them to dedicate the whole of the it time to the import..
ant charge intrusted to their care. Mr. Nugent, the
British Consul, was about leaving Chile, and Mr. John
White had been acknowledged by the Government as
acting Consul during his absence. By a decree of the
sth of April, Valparaiso is declared the capital of the
m.ritime detainment.
No later news from Brazil is communicated than has
been received in England direct. In the Nen, York
Nercaatile Advertiser of the sth instant is contained the
following information from Colombia:
44 The last packet from Carthagena brought interest-
ing intelligence to the creditors of the Colombian Go-
vernment. We hear of the payment of several private
claims, which had been a long time refused on the plea
of a want of funds. On the I,t of July, the Govern.
meat paid a dividend of one and a quarter per
cent. on their five per cent. Stock, and three quarters
per teat. on the three per cents. for the last pis months;
and for the balance, acknowledgments were given pay-
able as soon as in funds. This is the third dividend
which has been regularly paid in 18 months. The fol-
lowing extract o. a letter, with which we have been
obligingly tavorred, will show that the Government
possesses ample means fur the redemption of its debts:
" EXTRACT OF A UTTER PROM A 111101ALT•Ritsrownict esrly.srum
Ia
COLORIBIA, TO an MIND 1/1 Tau CITY.

" Bogota, 18-
" 'nu will find enclosed a cettific.te for June 10,000
dollars of the consolidated debt of the Colombian Go-
vernment, be,ring an'interest of 5 per cent. and a simi.
I.r one for the same sum, entitled to an interest of 3 per
cent. payable semi-ant nally, lbt January and Ist July,
f bala.ice of your account against thi. Government.
" • diviuend warrants, which become due on
those secutilies on the Ist July next, I have retained.
Under ttie actual situation of the country, it cannot be
expected that the full amount of the dividends will be
paid; but there appears to be no doubt .that half, or a
little more than the half, will be paid.
" For the remainder, which cannot be liquidated in
cash, acknowledgments are given, which are payable as
sore as there are sufficient funds.

" The whole domestic debt is about 3,200,000
dollars. bearing 5 per cent. interest per annum, and
5.300,000 dollars bearing S per cent. ditto; there may
still be half a million more, which has not as yet been
liquidated.

For paying the whole of the interest, there are
consequently required 520,000 dollars a year. The
revenue assigned for that purpose is more than ade-
quate to cover the interest, as four departments only,
viz. Cundiaamarca, &pica, Cauca, and Azuay. have
as yet contributed to pay the sums which are in the
hands of the commission of liquidation, being half of
the interest. In the remaining eight departments nothing
has been collected, and these ought to supply at least
double the sum which is required for the whole interest.
•' From the beginning of January next, mortgages
on houses and estates in the whole Republic can be re-
deemed with these securities according to a law of
Congress, namely, the 5 per cent. debt at par, and the
3 pet cent. at sixty per cent. of its nominal value.—
These mortgages, according to a fair estimate, are not
less than twelve to fourteen millions of dollars, which is
much more than the whole debt."-Mercantik Advertiser.

Z~yy

THE EVENING g3TAR,

LoNOtrig:

ILTIMD&VAIIGUST $4..1848.

A . •

STOCK VACUA NOP, TWELVE O'CLOCK.

The Consolvnarket opened this morning at 871 fur the Account,
with little or nothing doing. We have still a report of a yell
severe battle before Sebum'', which lasted for some time, in which
the Russians experienced a great defeat; but, up to the present
time, we hive no accounts to confirm it.
In the Foreign market nothing is doing.
CITY, HALF-PAST ONE O'CLOCK.
We still remain without any positive information in regard to
the battles reported to have been fought at Schumla, in which the
Russians were defeated. Had the above report been true, no doubt
- err this we should have had various Expresses from France and
Berlin with the important information. The public are very
anxious for further accounts from the East.
The Consol Market remains in a state of inaction, and Consols
have been, during the whole of the morning, at 874, alternately
buyers and sellers, with little or nothing doing.
The Foreign Market is in the same state as the, British, except
Mexican Bonds, which have lowered.
PRICE OF srocKs AT FOUR O'CLOCK.
Bank Stock 8144 15 India Bondi 104 3 7
3 per Cent. Red. 884 j South Sea Stock
3 per Ct. Cons. 871 e Old Annuities
34 per Cent. New Ditto
34 per Cent. Red. 964 .81000 Ezebeq. Dina 75 6
4 per Ct. New,lo2* * £5OO Ditto 75 6
4 per Cent. 1826, 1054 & 41108 and £2OO Ditto 75 6
Long Ann. 20 1.16 204 Advertised 74 5
India Stock Consols for Aect. 874
FORRION FUNDS. TWO O'CLOCK.
D %Mob Bak. 3 pCt. 614 4 Russ.Dds.lB22, 5 per Ct.
Do Acct. 631 DoAcet 964
Greek 1141%,1825, 5 pCt. 181 Fr. Rentes, pC. 1071
Mex. Rd5,1825,6p Ct. Exchange 25f 30c
DoAcct 394 4 I I Do. Acct.
BRITISH AND FOREIGN SHARES, TWO O'CLOCK.

SHARP. PAID.
Ante Mexican 100 95 2ik
&Linos 300 290 355 375 350
Brazilian 35 20
Ditto National 25 5 71
Colombian 100 25 21k
United blexican . 40 IS 204
General Steam Navigation 100 13 61

One of our morning contemporaries (we do not know
• how to designate him—his camelion-like qualities of
late have been so conspicuoul, continues with unabated
ardour, to defend the Country Bankers, to advocate the
small note circulation, and consequently to abuse Mr.
PEEL'S Act, as he invidiously calls the law of 1826.
It is the more necessary, therefore, while these efforts ate
thus perseveringly made, that we, who think the Country
• Bankers require no defence, who deprecate the con-
tinuance of a small note circulation, and who conscien-
. tiously approve of the Act of 1826, should not relax in
our endeavours to place these questions before the
country in their true character. The mere circumstance
of its being the Parliamentary recess, supplies an addi-
tional Motive for this course, because there etists no
opportunity of immediately and officially removing any
prejudices or misconceptions that may be circulated.
We have said, the Country Bankers requite no de-
fence; nor do they, in the strict sense of the word.—
We are sufficiently aware, and quite ready to admit,
that they have been charged with. offences which their
accusers have failed to establish; they have been as•
sailed with clamour, not argument ; and consequently
have only to do, as others have done under similar cir-
cumstances, live down the clamour, and despise their
accusers. One thing, at least, is certain ; the system itself,
and not the Country Bankers, is chargeable with what-
ever evils are fairly referable to their issues of paper.
While that system was sanctioned by law, they had an
unqiiestionable tight to avail themselves of it, subject
to the same responsibilities as attach to any other specu-
lations in trade.
That the system is pernicious is now admixed by
almost every one; certainly by every one whose opi-
nions are not exposed to the imperceptible operation of
• private interests and passions. Hence our second posi-
tion, that we deprecate the continuance of a small note
circulation. We witnessed quite enough in the years
1825 and 1826 to justify this view of the question—
. quite enough to warrant Parliament in determining upo.s
the gradual withdrawal of small notes. In tact, their
continuance would completely nullify any antecedent
decision of the legislature—that the circulating medium
should be gold. It is too notorious to require any ela-
• borate proof, that nine tenths of the apprehension and
-alarm which prevailed at the period we have men-
tinned, originated in the extensive issue'of small notes.
The alarm invariabley began with the holders of
these small notes. "It mattered not," as was
justly observed by Mr. GOULBURN on one occasion,
44 whether the alarm were well or ill founded—
it worked the same effects. It was impossible for the
holders—poor and ignorant, considering their all to be
at stake—not to rush for payment to the bank. The
alarm naturally communicated itself to every holder of
their notes, and flew with inconceivable rapidity from
the lower to the highest order." This is a brief, but
emphatic description, of what took place; and the
Right Hon. Gentleman followed it up by stating a re-
markable fact. "I knew an instance," he observed,
4. of one country town in which the bankers were per-
fectly solvent, and yet so indiscriminating was the
panic which seized the minds of the people, that one
pound notes were actually sold for eighteen shillings on
one side of the street, whilst on the other side the Bank
• was prying them in full, and continued so to do till
'they had satisfied every demand. Is such a state of
apprehension," asked Mr. GouLau*H, in conclu.ion,
" to be contemplated without a sincere desire to remedy
it, and to remove its cause ?"
We answer no: and we are convinced our answer
will be tesponded by a large majority throughout the
country. But how is it to be remedied, and how is the
_cause to be removed? Simply by going on in the path
we have begun—by letting the Act of 18'26 take its
course, and thus gradually, a ithout any violent or
sudden change, bring the currency to that healthy state,
the necessity of which has keen so repeatedly t ecognised
by the most able men of ail patties. It we suffer this
opportunity to escape, years ma) elapse before Parlia •

meta will have an equally favourable state of things to
deal with. The country is now prepared for the mea-
sure, by the prudence and judgment of the Country
Bankers, who have taken the necessary meAns of re-
ducing their circulation. When we resume this subject,
we shall direct our attention to some of the practical
points connected with it, which hive been most per-
verted by its opponents.

We stated yesterday the rumour, brought by DRAW-
TEN the King's Messenger, of a dreadful battle of
nine days duration having been fought between
the Russians and Turks before Schumla, without the
former having been able to make any impression upon
that important position. The latest accounts from the
theatre of war by the French Papers received last night
do not even allude to this supposed battle ; they, how-
ever, state that the Turks have appeared its much
greater force than was counted on by the Russians,
which oblige them to u ait for reinrorcements belote
they undertake any further hazardous operations. The
delay of the projects thus occasioned at head-quarters
had afForded the Emperor NICHOLAS an opportunity of
visiting his family at Odessa, where his Imperial Ma-
jesty arrived on the Bth instant.