Star.
London, England, 1816-12-20 00:00:00

FLANDERS MAIL•

intusssi.s, DECEMBER la.
They write from Ghent, that on Sunday last the
custom-houses on the frontiers had received orders te.
deliver no more passports (pOrrayans) for the ceps,
Union of corn, and that on the following day several
waggons loaded with corn going to France had been
stopped at Hallewyn.
We learn from Tournay, that within a few days
p it several French deserters have arrived.
The merchants of Namur have addressed a petition
to the States.Generaf, in which they allege a number
of arguments to prove that the law only affects salt
not yet imported, and cannot reach that which is al-
ready warehoused. They apply the same reasoning
to the other articles subject to the tax.
The Antwerlt I.urnal contains the following article
rei.itive to Spanish commerce:
The Consul of Spain in Belgium Worms the
me: chants. that the King having heard the report of
his Council of Finances on the total influence which
the sale of foreign cotton goods has upon agriculture
and commerce, has ordained—.
" ARTICLS 1. The knit term for the sale of forelgn.wove
Caton Goods, legally imported, is fixed for the cod of Deceits-
bet, 1814.
" 2. This Article regulates the formalities to be observed for
this sale, preceded by the stamp, which must be affixed to one
mod of the piece, and which is to be sold beginning at the end
•
lt marked.
a
iration of the term for
•i I. Goods not declared before the exp
the sale, shall be confiscated. •
"4. There is granted, after the term fixed for the sale, de.
lay of three months, which will expire on the 31st March, 1817,
In order to make arrangements with the Philippine Company, or
tar the exportation of the goods.
" 5. This Article prescribes the formalities to be fulfilled at
the Custom-house after the time fixed for the sale.
" 6. Cooformably to the lOth Article of the Royal Schedule
of November 6, 1802, shall continue to be prohibited the impor-
union of cotton goods, white, painted, or printed; cottons mixed
with thread, silk, or wool; the cotton iles (ilabels), striped blue
and white muslins (eitatellas), caps, bonnets, gloves, stockings,
snittons,ermes, and under•waistcoatsWids), knit or wove fringes,
ealoons, ribbons (rather bindings probably), chenelles or cords,
Imps, brandllinp, gauzes aprons, bei•quilts, flannels of cotton
and wool, and all other similar gdods.
" 7. This Article fixes the measures to be adopted sesint those
who violate the preceding Articles.
8. ibis Order alms not affect the privileges granted to the
Philippine Company, which were ratified October 3, 181 4."
BRUSSELS, DECEMBER 13.
Some persons in this city interested in the Swedish
loans having applied to the banker of his Swedish
Majesty at Amsterdam to obtain the payment of the
interest due, have received the following answer :
44 AntsterJans, December 5,1816.
" SIR—We answer the letter which you have written to us
by informing you, that of the claims (wow) ea Sweden, all thi
documentary titles to which must be delivered on the SIB of the
present month in our bureau, under penalty of being deprived of
all right. Oue-third of the principal will be repaid, and the inte-
rests in airear are annulled (prwrits it amass).
" I have the huuour to salute you,
(Signed) K UAW CASIISASSELOUZN
Banker to Lis Swedish Majesty."
The Swash Government owed eight years ar-
rears of interest. The late King Gustavus always
fulfilled his engagements till the moment when the
Government was changed.

TIIE EVENING STAR.

LONDON.

FRIDAY, DECEMBER 20, 1816.
PRICE OF STOCKS THlii DAY AT TWELVE O'CLOCK;
Reduced 62I#—Cans. nto. shut—Cone. for cps. 63}t
4 per Cent 781 t-5 per Cent. Navy abut
Exchequer Bills, 41.76. pr.—lndia bonds I Ss. pre.

Having in former Papers suggested the idea of
reducing the legal interest of money, and stated the
'orious fact that the decision of such a question
)ust depend in a great measure on its justice, we
proceed now to inquire whether the value of Stock.
solders property would be lessened, were the legal
Merest of money reduced, and taxes to the amount
the difference taken off ? for if a rise of the funds
his capital will be increased, but if they fall
price it will be diminished. It might easily be
shown, however, that when the sorniaal valasof every
:her species of property is reduced, a fall in the no-
minal value of the Stocks may take place without
;y diminution of their real valves the value of all
property being merely relative. It is incontrovertible
that should Stocks fall from 60 to 60 they might still
• of as much real valve at the latter as at the former
price: for instance, if when the price has fallen he
can buy as much land with the produce of his stock
• 60, as be could have bought by the produce of the
same Stock when it was nominally worth 60, be will
be found to be neither richer nor poorer by the change
that has taken place in the nominal value of his own,
when compared with that of the property of others.
But not to insist on this, let us for a moment exa-
mine tke question as to the probable rise or fall of
the Funds, in the event of such a measure being
adopted. Aid here a very simple question presents
itself. Mat cause operates most powerfully to keep
ip or to raise the price of the Funds ? The answer
is equally simple.—A superabundance of mossy, oe
its representatives, in the hands of the people... How
then is this to be most speedily and effectually at-
tained ? By draining from the people, in excessive
sues, all their earnings, without allowing any of the
gains time to become capital—that is, to be produc-
tive of new gains or by a conduct quite the reverse?
Let common sense answer the question. Cease the
collection of every shilling of taxes that can by any
contrivance whatever be left in the bands of indivi.
dual►, and you will soon produce new capitalists,
who will seek for an opportunity to invest their
money where it may be most secure! Or, in.other
words, you will increase the number of those who
will become candidates for the purchase of such Stock
as may be in themarket :—that is, a rise in the price
of the Funds will flow from the iocrease of capital
arising from the powers of money left to produce its
own proper fruit, in the hands of the community.
There ate other points too connected with this

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