Star.
London, England, 1829-11-26 00:00:00

certificates, the advantage of which is still not sufficiently under-
stood in other countries. The modern national debt system has
the effect of bringing into operation the potentiality of those rela-
tions whereby the whole private credit of the country is elevated
into the general sphere of public credit. However, as the great
amount of the private debts in a country is not necessarily a sign
of poverty and depressed trade, so it may be presumed that the
magnitude of a national debt is also in itself an evil. it
may, indeed, rather be presumed, that the wants our
of which it has grown would have been satisfied in some
other way to the disadvantage of the country. Public credit is
therefore regarded as a most important power which it is the duty
of Governments to create and preserve by every means, and more
especially by the guarantee of publicity joinedbao economy. With
rtgard to the traffic in public securities, that is an affair which, as
experience has 'roved, is best left to take its own free course, in
which a counteraction to its inconveniences will always be found.
At the same time, the state must take care not to create ideal va-
lues, or give, by unhealthy incitements, like lotteries, such an undue
encouragement to dealings in paper as would make the transaction
degenerate into agiotage.

FRENCH PAPERS.
.......-...- .

From the Messager des Chambres of Monday.
VIENNA, Nov. IS.

According to letters front Semtio, the Porte having paid the first
instalment 'of the commercial indemnity, amounting to 500,000
Dutch ducats, and caused the fortress of Ghlurgevo to be evacu-
ated, the Russians had, on the Ist of this month, pitied the sky e
Adrianople, to deliver it up to the Turkish Authorities appointed
for the purpose by the Ottoman Government. It still appears that
Mustapka Pasha Is to occupy that fot tress.
The mail from Constantinople of the 46th October arrived to-
day ; it brings little news; but we learn with pleasure that the
Porte has recalled to Constantinople the families that were ba-
nished to Asia Minor, in consequence of the insurrection of the
Greeks, and that in general it appears inclined to mitigate the mea-
sures adopted at the beginning of last year against the Catholic
Armenians.

Hail Puha is adil at Consta utinople, but u sew as be receives
his passports, he will set out for Odessa, whence he wiU proceed
to st. Petersburgh.

BERLIN. Nov. 10.

Letters from St. Petersburgh say, that the Emperor is inclined
to give tip a part of the contribution to be paid by Turkey, if the
Porte consents to cede to him in perpetuity the fortress of Kars, in
Asia, with its districts. In this case the occupation of the Princi-
palities Ilould cease then, or would continue only two years. This
arrangement would suit the Porte, which would gain by it the an-
nual tribute of the two Principalities, and get rid of a great part of
the Armenians, who at this time are its most discontented
sab-
jects. The European Powers would also be very glad to see the
Porte delivered from the burden which the Treaty of Peace has
imposed upon it, by the cession of a small extent of territory
in Asia. Some of our politicians pretend that the English
Cabinet is averse to every aggrandisement of Russia in Asia; but
we do nut think this probable. We know from good authority that
the Sultan Setters Sir R. Gordon in every way ; but that the latter,
without departing from the respect due to the Sultan, endeavours
to evade his civilities, in order to prove that the most intimate
union prevails between the three Powers, and that their policy is
not influenced by petty interests. This way of thinking does not
pleats the Sultan, who always endeavours to deceive himself re-
specting the relations of the great powers, and dreams of projects,
the execution of which has always been beyond his strength.
stsigaburg Gurgle.

From the Constitutionnel.
PARIS, Nov. 23.

The present situation of our Minister has been compared to that
of the Duke of Wellington in England ; but there is a great differ-
ence, for the First. Lord of the Treasury has a majority in Parlia-
ment, and Mr. Peel is a distinguished man; while M. de Po-
lignac cannot command eighty votes in Parliament, and M. de
Menthe! is a complete political nullity.
We say M. de Polignac has not eighty votes in Parliament, and
nothing but the most profound ignorance of the former votes of the
Members can give rise to any delusion on this subject. Some po-
litical men, from custom and situation, such as M. Royer Collard,
Laisne de Villevesque, M. de Bondi, and others, are admirably
well acquainted with the Chamber, and their opinion is unanimous
as to the Parliamentary poverty of the present Ministry. They are
only the last fragments of M. de Valdes system, on whom M. de
Polignac can certainly calculate, and from them we must separate
those public functionaries who always separate from a dying Mi-
nistry. Suppose that their whole force is united, that IL de la
Bourdonnaye votes with his friends, that the men devoted to power
join themselves to a Minister in whom they place no confidence—
with all these the Ministry will be in a minority in the Chamber,
though this is what 31. de Polignac cannot believe.
From the Courrier Francais.
PARIS, Nov. 3.

A/►AIRS o► THK EAST.—Since the conclusion of the peace,
which was to restore things in the East, and place them on at im-
movable ba-is, the relations between the Porte and Russia are far
from having resumed that friendly and regular character the peace
of Adrianople was to have given them; the Treaty has not yet
been executed in the smallest part by the Pone. Sometimes the
Sultan appears to expect that the Emperor Nicholas will modify
it ; sometimes he allows a hope to appear that the conditions will
not be executed, without its being known on what this
hope is founded. There is some agitation in the pro-
vinces; the Grand Vizier has refused to give up the
Seals of the Empire ; the Paellas disobeyed the orders of the
Divan; the corps of Ottoman troops which were to have been
disbanded preserve their position. It is evident that matters are
not going on there as they ought te go after a Treaty, and that the
conquered still preserve some hopes that the arrangements which
it was supposed bad been concluded, will not be definitive. The
Moniteu► of the day before yesterday said that the Turks had em-
ployed six days to write that half line—" I, the King of Kings, I
ratify " But, is it certain that the Sultan has written this half line?
and if it has been written, that it involves his adhesion to the whole
Treaty. We will not hazard any conjectures, but place before our
readers an extract front a letser dated Constantinople, Oct. 20 :
ss in the Divan a certain air of cos:Unice which
conceals some political project. The Treaty is concluded and rad-
Sid, but not executed. No measures are taken to pay the first in-
stalment, and consequently to prepare for the evacuation of Adria-
nople. The speedy arrival, however, of a Russian Minister, who
is to precede 31. de Ribeaupierre, is announced. At the same time
the news of the plague being at Odesto. and in the provinces
beyond the Danube, has cached some satisfaction; as well as the
prospect of the Blsck Sea being shut, which the winter renders im-
practicable. There is peace without friendship.' The Pacha of
Egypt is to send some corn, it is said, for the supp'y of the capital.
.Commerce is annihilated. The coin issued from the In penal
hlint is so much debased, that the piastre is hardly worth 35 cert.
times, without its being possible to say where the depreciation
•
will slap.
" There ie still something said about discontent in !lamella.; but
she importance of the pi uceelings of the Paella of Scodratas bin)