Star.
London, England, 1827-01-17 00:00:00

• rC
.1
CA•il

only reason assigned for which are Vague rumours of
e Three per Cents. have been as low as sir. SOe. and left
at four o'clock at 6if. 60c. The Five par Cents. have been
to 9111. 90c. and kft of at 99f. 90c."

PORTUGAL

WAR °MCI, Ita.
. of rut OINTICIA I. COMMUNICATIONS wimp g? PAY at.
TWA OITA %TIMM
General Azeredo writes from his general quartets
Ilat, on the 29th of D.fcember, that Lieut. Colonel
-, of the Ilth Cavalry, had come up with some of
rebel forces between the bridge of Alcafache,. Yin
Dean, and the banks of the Mondego, and charging
ith a squadron of cavalry, and. the Cac idol*
S, took 23 prisoners, among which eight vreffei
besides one killed, all of them belongingts
militia and infantry No. 19. The Lieut. Colonel of
e !Milli of Viseu, Jose Paulo de Carvalho, is one of
isoners. The rebels on that day occupied Cea
, dcc. General Azeredo was in communication
C nde de Villa Flor, who writes from Folha-
on the 29th, stating that the movements of the
under his command had disconcerted the plans

the rebels, who appear to have attempted to place
botweenAe troops of the Marquis of Chaves and
of Mage.si. The fslasquis of Chaves was flying
full retrat in the d•rection of Celorico, accompanied,
is said, by two Spanish General Officers. The Conde
Villa For was on the point of marching against
rebels.

The following are est:acts (ram private letters :
"I.hison, Jan. 1.
all the British infantry Is arrived here; they have been
you will naturally suppose, with much joy, and we
most pertect conhdence, not only as regards the semi.
capital, but of the country generally ; the insurgents
defeated en all points by the Coostitutional troops,
succeeded in getting possession of Almeida, in conse-
: treachery of a Colonel on whom the command had
Almeida was formetly a strong place, but has ceased
the late war in Portugal, when the works were

be so

,ANOART I.— The packet having been delayed
. this evening, I hasten to impart to you the news
this+ day. Tire whole party is retreating. Tne plan
operations was to make as much way into Portugal
possible before the English troops arrived. Their
• attack was on Vollaciara, new Elva:, which they
possession of on the 23c1 of November.' The Pot,
lege Government sent all their chspssable forces to
quarter, when tl-ey retreated into Spain, and re-
:area in the mountainous provinces of Tras-os;
.rates, where the people, like the Highlanders of
'rid, are excellent vildiers; and being attached to
. Chiefs, the whole population were easily in.
iced to join the insurgents. Instead of attack ng
.to, where they had much opposition to fear, they
rossed the Douro, and obtain• d the support of the
,habitants r•f Upper Beira; took possession of Lamega,
Vozrta, and Guarda; and finally Almeida, the second
ortress of Portugal.
" The Goer foment sent those forces which remained
fait'rful to Oporto. In the province of blinho, between
Oporto and the Spanisb kingdom of Galicia, there are
'no rebels. The Constitutional army and that of the
ebell in numeral strength, are nearly equal. The
Coos itutionalists, according to the must recent ac-
counts from Oporto, have been fortifying a convent of
Dominicans, on The right bank of the river Tarnega,
ear the celebrated pass of A marante; the rebels, who
are in the town on the opposi e side, have not dared to
attempt to face the pass. The latter are stated to be
•tiring from Guarda towards the province of Tras-os-
•lone, where they may either shut themselves up in
uia lort'rases,or he enabled to make terms with the
avetnment.

'•Since Spain has made the emende(as the news of the
lay is). iirocs have been given fur the match of various
.roons of its stoops towards the Portuguese hontiers,
n ord r to dis on, all refugees Irons this country, and to
rernos e them 60 leagues into the interior,and to keep them
.n bands of rof more than BO men. Whether this plan
will really he acted upon, remains to be seen. These is
little duubt, that by the aid of the hriti.h troops, the
GoverlllllClit will be able to organize sufficient troops to
put 0e r. hellion gown. Thenglish ttoops landed to-
day, and have been quartered in the neiAhbourhooid of
his city. All Lisbon was on the movement to see,
and many of the shopkeepers hope to make plenty of
money by their sojourn. The chief opposition to the
Constitution has been eshibited in the provinces of
rras•o—Montes and Upper Beira; but it is as-
. erted as a pnsitive fact, that the people of the
they provinces are far bows being well affected
towards it. . The origin of this dislike appears to be,l
that they were ignorant at first of its being different
.o t' e old ore, which was borrowed from Spain, and for
hat ve.y reason held in abhorrence. That party of the
Ite) alists who put the former Constitution down, is very
arong, and their indignation has been highly ere ted at
iescei slag that many of the leaders in the revolution of
1820, to them most odious, have found employments
•nder the present system. This furnishes thrtn with
additional motives for seeking to o,erthiow it ; but a
Beet rd 12 sail of the line, and a well disciplined allay,
will soon 1111,I,Ate all their efforts.

" The argon tilts on the side of the It3yali.ts are,
6rst, that Don Pedro, i'r becoming Emperor of Br azil,
end the Sovereign, in fact, of another nation, forfeited
all right to the t4none; that he could not, therefore,
grant a Casassitution ; that, above all, he could not
alienate the throne from his son to his diughter ; and
that by the ancient laws of the Kingdom, D in Miguel
is the lawful heir. To this, the other tarty answers,
that Don Pedro having been reconciled to his lather,
having been recognised as the Portuguese Sovereign
by his Nation, and by the Powers of Europe, was by
right King. and could give a constitution if he ;lea ed
Whether England will have to keep troops here until
hat period, is yet to l determined. There was an at
tempt by a party of the garrison of Elvas to obtain
po,session of that fortress. the chief in Portugal, but it
was put down. This being New Year's-clay, sermons
lave been preached in all the Churches, recommending
.nbil,is,ion to the constituted authorities. The landing
of the British troops, with their bands playing on the
river. gave great eclat to the scene. The Constitution-
alists and the shopkeepers are in great spirits ; but the
opposite party, and particularly the Monks, look sAlen
and gloomy. Beira is a wealthy, populous, anal fertile
;:ruvinc • ; Tras-onsfdentes, mountainous and stria—
The retteat of the rebels ir regarded as a defeat."
" Jaguar 1. ,
" I have written another letter, to explain the news
and bores of this day : it is enclosed in this. Spain, as
you will obterve, ha. been forced to yield; and I ques-
tion much, if the dangers which the proximity of the*
minify will give rise to. may not cause a similar con-
stitution to be wrung from Ferdinand. Will he, in

LONDON.

WEDNESDAY, JANUARY 17, 18`27.
STOCK EXCHANGE, TWELVE O'CLOCK.

Owing to the arrival of the Express from Pads, which has
brought the fall of the French Fuods, a great panic prevailed in
the Censol market this morning. Consols, which left off yesterday
at 79f 1 for the Account, Immediately receded to 7u for the Ac.
count, which is a fall since yesterday oft per Cent.
The arrival of Pam Pettanac in the French capital, caused
many warlike reports In Paris, of which the French letters re.
ctived this morning make mention. Some say he I. only come on
hie private concerns; and others state, that in rush an important
crisis as the present, an Ambassador from one of the first Powers
in Europe would not leave so suddenly, without some important
motive.—ln the Foreign market nothing is doing.
Current prices: Old Spanish 13 I, Mexican 62 4, Colombian
34, S 3. Peruvian SO.
PRICK OF STOCKS AT FJU a O'CLOCK.
Bank Stock 201
S per Cent. Rcd. 78 1/,
S per Cent. Cons. 78 77% % ska,div.
per Cent. 86
S,} per Cent. lied. 851/2 84% 85 1 85
_ _ _

- •
4 per Cent. New 93% 1/s 1,(2 ex a Me ..1
4 per Cent. 1826, 94 IA 94%
Ling Ann. 18% 11.16 9.16 %
1:1,000 Exact'. Hill. 22 23 19 20
C5OO ditto 22 23 19 20
Clat and L2OO ditto 20 21
Cins. for Acct. 791/4 78% 79% 79
FOttglritit FUNDS, TWO O'CLOCK.
I
Brazilian Bunds,s p lt. 591 59 Ilex. Acct. 691 2 k * 2 11 1
Colombian Mends, 6 p Ct. Peruvian Bonds 6 p C. 34
Ditto Bonds, 11124, 33 2. 11 Rivas. 111% 1622, 5pC.86 5 1
Do. Acct. 33 2k Ditto Acct. 85 k
Imolai Ronda,' pCt. 571 a 1 Snail. Howls 5 p t t. 13
Iles. Bs. 1625,6 p Ct. 624 11 1 Do.Bonds,lBx3,spC. Ilk
BRITISH AND FOREIGN SHARKS, TWO O'CLOCK.
SN•I4 E. rain.
arazillan 100 20 22k 23
Potosi La PAZ & PONT. Assn. 50 5 £2 Is. £2 61
British Gas 50 24 12
United General Gas 50 20 13
British Rock and Patent Salt 10 61 31
Faancu Fount, JAVOART 13 —Five per Cents. 99f. 65c.—Three
per Cents. 671. 60c.—Neapolitan, 731. 95c.
DITTO. JANUARY 15. —Five per Celli S. 99f. 55c. 991.—Three
per Cents. 671. 25c. 661. 110 c.— Bank Stock, 2,010 f.— Bente. de
Naples, 72f. 95e. Spanish Rentes, 12f. Royal Spanish Loan,
481. 4811. Exchange on London, One Month, 251. 40c. paper,
251: 35e money; Three Months, 25f. 254. paper, 23f. 20e. mon.

AUSTRIAN FUNDS, Vino*, JANiaar 3.
neilliques is 3 16.—Ssek Shares 1,085.

We have received this morning the Paris Papers of
Sunday and Monday, together with the Eteile of
Tuesday. Their contents, though in:eres ing, will not
gratify the eager desire of the public to ascertain the
'exact state of the relations between Spain on the one
,ide, and Portugal and Great Britain on the other.
From the feverish state of the It. ntes on the last men-
tioned day, it would seem that they haJ assumed a
more complex and critical character. But the Funds,
liable as they are to be agitated by every rumour and
every incident, however intrinsically unimportant, can-
not be termed, except ironically, a safe barometer. Tne
depression, also, was too trifling to ground upon it
sinister inferences; and as they subsequently rallied to
nearly their former prices, the cause, whatever it may
'have been, which bad at first unfavourably agitated the
market, ceased at last to have any influence upon its
transaction& In the papers before us we see nothing

random remarks in the Comstitatioinef,lllll4lllave ;RN
even the merit of originality, as they had Previously
appeared in some of the London j 'usual% 'evicting
the movements of Prince POLIONAC. As that paper,
like many others, describes things as it wishes them
w be, and not as they really are, it sees, its the
arrival of the French Ambassador at Palk, the
gathering of • storm round the head of Count Viu.srs.
Supposing, however, for argument sake, the Consult,•
tionnel to be right for once in its prognostics, yet recol.
looting at the same time how easily the President of the
Council dissipated much greater storms, we should
think that he had not much to apprehend from the
present. 1r appears after all to have been only a storm
in a puddle, raised too by the bellows of the Constitu•
tionnel; for M. de PooWsinc, the pretendeJ agent in
this gland Court intrigue, by which the Cabinet was to
he overturned, was, at we leatrilfrosn the Etoile, to
leave Paris yesterday for Louvain, in the, Nether-
lands. The object of his Excellency's journey to
that ancient seat of Monkish lore is not mentioned ; but
the fact itself would be a triumphant answer to those
who had antic pated such mighty effecti from his trip to
the French Capital. If he was chargesi irith the ma
nagement of an affair upon which the fate of nations
hung, it was soon disposed of; and his return by the
way of the Netherlands certainly betrays twine of that
hurry, which usually connects itself with the idea of a
very important mission.
Having thus disposed of the only sinister speculation,
which we can discover in those papers, we shall now
turn to the bright side of the question. The Voile of
Monday last, on the authority of letters from Ma.
chid, dated the 4th instant, announces as a niatter
of certainty, that M. de LIMA, the Portuguese Charge
d'Affaires at that Court, was to be formally received in
that capaiity by the K xc on the fillowing day. This
acknowledgment of his diplomatic character, is stated
ts be a return for the reinstatement of Count de CASs
Flom in his functions as Ambassador at Lisbon. Thu.
one of the pledges, and not the least important ion, given
to Mr. LAMS by M. SALMON, in his official commulii
cation of the 18th ult. has been faithfully fulfillrd. and
perhaps is gracefully as the stern etiquette observed in
these masters would allow. At least no time was lost
in the redeeming of it; and Mr LAMS must have been
satisfied, to judge from his continu .d stay. That he
would not remain, had the SPANISH MONARCH equivo-
cated in the way so irjuri.iusly ascribed to bins by the
French organ of the Apo,tolicals, we have sufficient
proofs in the character of our diplomacy. We have,
therefore, in the conduct of the British Ambassador,
one of the urongest possible assurances, that in his
recent intercourse with the Court of Spasn, he saw
more resins to be satisfied than displeased. • Be-
sides, the reception of the Portuguese Charge d'Affaires
is a virtual recognition-of the G ivernnient, with whose
affairs he is entrusted. It is true, that the acknowledg-1
ment could have been made in a more sati,factory'
manner, but it is also true, that the c'rcuasstances in
which FERDINAND is placed, are not of common diffi-
culty ; and that they impose upon him the nei e.sity of
managing a powerful faction in Ills own kingdom,
whilst he is trying to conciliate lot eign Powers. Should
he succeed in the latter point, he is almost sure to fail
in the former; and we should perhaps consult the inte-
rests of truth and justice as much, w ere we to ascribe the
apparent hesitation he has hitherto displayed, to the diffi-
culties we have just mentioned, as to insincerity of dispo-
sition. The latter is the more expeditious way of unravel-
ling this intricate question, which may account for the
preference it has obtained from most of our contempora-
ries, to whom the labour of thinking is as troublesome as
the cu.tom of associating honour and integrity with
Vialiti:s is fo. eign.

We Ow learn Irom the Ltoik, that the Spanish Army
of Observation wad Security did not amount, at the
date of the last accounts, to 8,(x00; and to those who
know Spain, and the perplexed state of her finances,
this account will appear infinitely more probable than
that which had raised it to thirty thousand men.—
The latter computation is so absurd, as to merit
only ridicule; for where is the money to come from
►ufficient to ansintain so large a force? As the Trea.
sury, it is well known, does not possess the means;
most of our contemporaries have had recourse to the
coffers of the Monks, in which they have been guilty of
a poetical license solely, which the Monks may excuse,
though they are the last people to relish the pram•
tical joke, as they love their money bags as mach as
their Breviary. Bat we fear, and we are very sorry
for it, as they are a j'svial, hospitable race, that
they are far, very far, from being as r:ch as they
were formerly; and if FZRDINAND count upon their
assistance to relieve him out of his pecuniary em•
batrassments, the result, we presume, %sill fall greatly
short of his urgent necessities, In the meantime the
•ar in Portugal is drawing rapidly to a close, as will
be seen from the intelligence which we give this day
from that country, in which the rebels are represented
as retreating rapidly in every direction.

Frankfort Papers to the 10th arrived this morning;
but they contain no news of the least interest, except
what is includeJ in some extracts from the Urieatal
Spectator to the 2d ult. and this is not new. The dates
from the. Turkish capital are only to the 25th Nov,
whereas we have direct accounts by the mail to tile llth
Dec. At the former date, the Sums: was proceeding in
his plans of improvement, without any relaxation in his
early :s1 being perceptible. All his Ministers :ealossl,
cooperated with him ; aad as the capital was •per-
fectly tranquil, there was every appearance, it is said
of the results an►wer;ng the whites of the author of the •
gr at ',token. The new military organisation has

.end of already three Repiments, equipped
ciplined according to the European I.shion ;
new troops formed the guard, appointed to the
Ambassadors. The SULTAN, anrong•t his other
to improve the civil as well as the military condi

his Empire, is stated to have directed t,f late his
tion with his usual ardour, to the condition
Greek subjects,. with the view of amelinr,
Thus a bent ficial revolution is sikntly, as it wer
tilting in that vast Empire, which, in time, may
its infl Juice far beyond the limits, which now t
scribe the Powys of the Suailste Pones.
Tire following extract rehres to the .ffairs of
SYR A, Moorman 20.
Four Colonels have arrived at Jletbana, among whom ,
Bourbauti, by birth a Greek, who has served with reputation
French Army. These Colonels w..nt frothing but their Regiments
Including Colonel Voutier,thrre err now twelve European
In Greece, besides those who petitioned to be such. It is
that Colonel Fahmlia will leave Greece, being w are of
which no honour is to be actptired, and no importaut t.
he expected.

CITY, TWO O'CL
The Consol Market, which was looking very gloomy
of the morning, has within this hour assumed a brighter appearano
Consols, which were in the commricement of the morning
for the Account, have since been done at 79; i. with an
amity of budness doing, since which sons* more T.-prom
got into circulation 'ihat another Express has arrived from
with the opening pries°, Tuesday, when the Rentes fell again
than a half per Cent. also that It was expected at Pads
ilifessitesie of Tuesday would contain a declaration of the
Government of War against Spain. Another report that
shs going out.
Consuls may be quoted, up to to the present time, at 79
next time, 79& to I.

In the Foreign Market klesicin Bond, look very heavy,
have fallen 2 pet cent.—the taunt if net known.

A private letter, dated hladrid, Ist inst. states, in a
manner, that no war erqulif take plate between Spain and
The Memorial Bu►dtlnis says—" The English are now .
Lisbon before the Ilartmis de Cuavn and his to-operators,
they had been comnianded by an able General, they would
taken Lisbon before the Sat English Battalion had embarked
Portsmouth." It also says that the Marquis de Cuevas
man of sufficient talent to undertake so hold a task ; and
led his countrymen astray by stating be expected to be'
60,000 French.

the only resin
The Three per
at four o'clock at
to 951. 90e. and
ofi
Cr Or /111 0/1
General Azered
Nellas, on the 291
Gama, of the II tt
,hr rebel forces bi
he Dean, and the
hem mith a squat
N. 8, took 23
too inded, besides
,he militia and inl
e white of Vise
,he ptisoners. 'l'l
?alba; , Ste. Ge
the C nde d
d. as on the 29th,
division under his
Uf the reb:elztrfir
him betty e
(hose of Magessis
in full tetrat in t'
It is said, by two
cle Villa Flor wa
The rebels.
The following
Almost alt the B
recelved, as you will
tow feel the most pet
shy of the capital,
Wein been defeated
ahhoosh they succeed
'pence of the treatise
devolved. Almeida
to be so since the la
ivaroyed."
" JANUARY
until this evening
of this, day. Thi
of operations was
as possible Wove
first attack was 01
took possession of
tuguese Governs
that quarter, whe
4ppearei in the
M .rates, where
ScAland, are eac
certain Chiefs, tl
toted to join thi
Oporto, where 'iv

Mrl
WIN
and do
and il„
Eveigo •
'FP
ter effne
tditinn f
Itb atten
n of lm
rating i
'me, op,
y eaten(
• •
citCUrn
Greet,.
.
is Col,wie •
'non in th.
%intents
Colonel
04,
Is affirm.,
contest n
!molt a t.
Mid
-OCK.
r meet pat
ippruranre
sing at 78: •
et mimrns. 601 •
-ports bay
from Pan
again mot, the
ris that as wee
be lint,,
at VILLE... dlnt
?9 to ; fur gut
heavy, any yak
a posine.
d Portugal the
at
r arrived
tors; but i
would have
nbarked a
MS is not
Bad he ha.
e joined Is) sMa
gig
Ills
Ms
of the King
• Queen, his
d be paid to of I
mandril hi, gee
of bis lat hsr
his beloved
and
In England fiq
follow the 1
rev footmen it I
aek sword., tin
tie aide
het
OF THE Cll
w
towards the
h',
ountnee to
n to clever " Pa
will be per pt
d refire b) 4r
pletely hung
ling, assum•
g in flute "
ntre
ats, will b .
a platfo n to
be seated a,
t, while h., ae,
he butt end cal
-in pain's. hi
be arrange
etnoved thi•
til
anal of tb
to
gate of tb.
it mourning
being filed el
soda, that
t tie market 111
being Aced
le sake di
May. Tb
e rationale h
punched so
•
of his Royal 4
et has hem
for his logs,
urday neat. •
of the day.
will walk is
ral Sermon,
public co
two*
the lion
tbe
oy, to view
runty bad
ridge (oad 1 I
ors. Poe n
Waal swim. •
a the moat
of hie Royal
of our meet
ears, that
re not less •
Engl n
t. One ei •
ment, sea
he voy
nets frost,
following
here, and 1
notional Ge-
V troops if •
ly useless, as
;beis,who are
!veiling an
• Bast. as
tr his cont•
n chives, on
at post, ate