Star.
London, England, 1829-01-03 00:00:00

EXCHEQUER BILLS.

No point can be more clear than that of a Banker,
with whom Excheq ler Bills, Prussian Bonds, Navy
Bills, Bills of Exchange, or other property of that
nature, usually transferred by delivery, should, in
breach of trust, pledge the same with a person igno-
rant of the fraud, the latter may retain the same
from the true owner until he is fully paid all that he
has advanced.

This point was decided as to Exchequer Bills in " Wookey v.
Pole," 4 Bar. and Aid. 1 ; and as to Pruuian Bonds, in" Gorgier
v. hlieville," 3 Bar. and C:es. 45.4 Dowl. and R. 541 ; and as to
Navy Bills, " Goklsmyd v Gaden," 1 Roses Bankrupt Law,1796.
These and other authorities you will find in Chitty on Bills, 7th
edit. 113. In " Glyn v. Barker." 13 East, 502, it was held, that
India Bonds slid not pass by delivery, because they are payable kb
terms only to a particular obligee or his executors; but even this
was altered in the same year by the statute 51 Geo. 111. c. 64,wblch
in direct terms makes them also transferrable by delivery to a bona,
fide bolder. The 7th and 6th Geo. 111. c. 29 a 49 and 52, which
make it a transpurtabk misdemeanour tor 14 years, for a banker to
be gutty of such a misdemeanour, also gives the party injured a
right to sue the banker, agent, and sureties, for the civil injury,

- -
The following is the opinion of M. FttiallMLD on
the question now so warmly discussed re.pecting the
right of property in the Exchequer Bills that bare been
negociated by Mr., Steph, mit
New Bank-buildings, Jan. 1, 1829.
" I have not seen the statement in the noses to which you allude,
but you may be assured that the writer has mistaken the law upon
the subject, if he asserts that an Exchequer Bill may be followed by
the original owner in the same mafiosi as be might his stolen horse.
The two cases are governed by different principles, and cannot be
treated as parallel propoaitione. It would be easy to illustrate and
prove the distinction ; but it is sufficient for your purpose, as a
bona fie holder of some of the Exchequer Hills in question, to know
tLat uegociable securities, payable to the person who shall, for the
time being, be the holder, may be transferred ny the mere delivery,
laud whoever is the bolder bats power to give title to any person
honestly acquiring such security, whether by purchase or by the
loan of money upon the deposit of negotiable securities.' The
question is not one open to discussion; it has been decided as to
Bank-notes, Bills of Exchange indorsed In blank. Exchequer Bills,
and Burisls of the King of Pt 'sodas J. W. FItgaIIFIELD."

Experiments were lately mane on the experimental
velocity of sound, by M M. Myrbach and Stampfer, between Um.
tersberg and Mornchsteln, near SAltsbourg, from August 15 to
September 30, 1822. The distance was 30,601 French feet. The
differenee of level. 4,138 feet. The mean of 89 observattons gave
1,025. 9 feet as the velocity of sound per second at the temperature
of 32 deg. F.
Petitions ate in forwardness from all the principal
Parishes, ei her separately or onited, throughout Somer-
setshire, to both Houses of Parliament, against the
alarming and monstrous doctrilles now held by the Ca.
tholic Asst. ciatic,a in I: eland. This is well following
op the advice given lately by one of the Members of
that County, Sir Thomas Lethbridge, who will have
the proud satisfact on of going to Parliament armed
with a very general if nut the unanimous support uf his
Constituents t n this all imcrrtant question.
A liberated convict, named Peverone, whose nutse
rr tr. murders had given him great celebrity in C.,isica,
was shot on the 10th ult. by a corporal stationed at
Ajaccio. This notorious bandi., however, defended
hims. If with great bstinacy against the whole of the
company commandeJ by the corporal, and wounded
several of 0 ern berme he received his own death blo*.

In order to mike liens lay thronghout the winter, it
is recommended to heat the pou!tiy roosts by means of
'team, arid to m x with their fr.od pounded oyster or
other shells, and slate also pounded. The lime con-
tained in the oyster shell contributes to the formation of
the shell, and the slate lightens the flavour of the meat
of the egg.
The French f igate Stiveillante, having on board
Vice Admiral Lc ,ARRANT, is ,aid to have been blown
up at Lima, in consequence of two sailors having srt
fire to the cockpit. It is hoped, however, that this
ne/i sis not correct. It is quite tree, at tie same time,
that the Orion has been burnt at Brest. This ship was
employed for the instriicti;oi of the youth inrended for
the naval service, and it is said that she was Sri on fire
by the pipes of two young Egyptians. who were sent on
board to learn naval tactics.—trench Paper.
The following anecdote is told as a proof of the de.'
termination of Don PEDRO to uphold the Portuynese
Constitution:—A short time since, a placard was placed
against the walls in Rio Janeiro, containing these words
Brazilians, beware ! the Emperor's brother has over-
thrown the Constitution of Portugal l" The Emperor
being informed of this circumstance, caused the placa:d
to be brought to him, and having written upon it,
" The hand that gave the Constitution will maintain it,"
ordered it to be again placed upon the wall from whence
it had been taken.—Plymouth Journal.
UPWARDS Or £53000 ANNUALLY CONTRIBUTRD TO
71111 REVZZUZ BY Ona Isuuvroom..—Mr. Clement, the Proprietor
of The Miming Cheeitiele. who possesses the largest Newspaper
Establishment in London, paid last year, bet Ween January 1, and
December 31,1828, for &amp and Excise Duties for that Journal
and his three Weekly Papers' no less than Fey-three Theesend
end:Fise Hundred iinneds. The number of tourpenny Stamps,
which is the red mark at the corner of every Paps, was two mil.
liens seven hundred and' thirty-five tboutand eight hundred and
sixty-five t The quantity of paper used was 5,471 reams; each
ream wetgbed 40Ibs. the Excise duty on which was 10s. the ream.
The number of Advertisements inserted in Mr. Clement's Papers
in the year was 29,633, the duty upon each Advertisement being
Ss. tid Thus the sums paid to the Revenue by Mr. Clement's
Newspaper concern, in the past year st MS, were-
-2,735,868 News Stamps . . . 445,597 15 0
Duty on 29,633 Advertisements. at Ss. ed. 5,185 15 6
Excise on 5,471 Masan of Paper, at 10s. . 2,735 10 0

Total . £53,519 0 6
Mr. Clement's consumption being more than awtaut part
of the Stamps used by all the Newspapers printed in England, of
which there are printed in London 49, and in the country 151,
together of Daily and Weekly Journals 900, consuming. according
to the ParUamenutry &tyro, about Twenty-live Millions of Four-
penny Stamp,.