Star.
London, England, 1829-07-29 00:00:00

NEW FRENCH SINKING FUND.
-..--

A Correspondent of the Constitutionnel suggests a
novel scheme for reducint; the bertben of the French national debt,
and founding a permanent fond fur the purposes of education. He
begins bi saying—" If it were possible to obtain some addition of
revenue for the State b a very simple method, and without pro-
alining complaint fruoo ybedy, surely no man of sense would up.
pose it ; and to precut /to adoption we must avail ourselves of pub-
licity through the journals. It is ii,contestible that the fundkolders
are in a state much more advantageous in many respects than the
landowners. They have a fair interest for their money, and an in-
come clear and free from all charges and losses. Thie ought to be
so; for the engagements of the State must be kept inviolable;
public credit can exist only at this price. The idea of levying any
tax on them cannot enter into any person's mind. Yet, if thole be
a means of exciting among many of them a desire to render some
portion of their income subject to the charges to which all others
are liable, it would be cheating.Ouroelves to neglect so useful a re-
source," He then remarks on the avidity with which political
rigtitiare acquired,when thej are attainable by the people; and on
the complaints often made by the fuodholders that their property
gave them no political rights, to which be thinks they are fully en-
titled, and refers to their loyalty for the last fifteen years.
He proceeds—" Let us come to the plan : Two words are
enough : it is only necessary to enact, by one or two articles to
be introduced into the budget, something equivalent to this.—
Every bolder of an inscription for 100 francs of tenses, at least
has the right to give notice to the Minister of Finance that be
dishes to render it quasi-real property, it undergoing for that pur-
pose a reduction of one-tenth, as direct taxation. On the payment,
every six months, the reduction of one twentieth shall be acknow-
ledged by a small stamp on the coupon. The rentes rendered toad
real property, cannot be restored to their former state." The
writer expects that the opportunity thus afforded to acquire a vote,
will be eagerly seised by many who now pay 220 francs or less, in
. direct taxes, but have no electorial rights. Many of these would
gladly convert an hundred franca of rente into quasi-real property,
to become electors. and if they had not the rem re already in their pos-
session, they would buy it. This would bring the Rente into demand,
and spread it through the departments. He has no doubt that 200,000
hones might thus be gained ; and he asks, whether that is a sum
to be despised in a country where the Deputies fought for many
sittings together to save 12,000 francs, and where a grant of 50.00 n
francs for the mutual instruction of thirty-two millions of souls
was balled as a victory ? He proposes that the produce of this new
tax should be applied to the maintenance of schools for infants, and
for adult artisans. This, he thinks, would be an additional ati-
tnulaet to the fundhoiden of liberal principles to convert their
rentes into quasi real property. He justifies the singular phrase be
has adopted to designate the new species of rente, and owns he
has no hope of seeing his project realised. because " it has the un-
pardonable sin of increasing the number of electors."

THE EVENING STAR.

I.

WEDNESDAY, JULY 29.
PRICE OF STOCKS AT TWO O'CLOCK.
Bank Stock 213 j India Bonds 60 58 60
per Cent. Red. 89j j South Sea Stock
3 per Ct. Cons. 884 Old Annuities 89j
3j per Cent. 1818, 981 New ditto
36 per Cent. Red. 981 j 3 per Cent. 1751,
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FOREIGN FUNDS. TWO O'CLOCK.
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MAU. PAID.
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400 400 65
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LONDON.

••••••ii ....

Brazilian
Peal del Monte
United Alezican
Canada

There will be found in our first page the note addressed
by Mr. Dsw 'Ns to the Greek Government, on the 18th
of May last, and the answer returned to it on the 23d
by CAPO D'ISTRIAS, in thnname of that Government.
" His reply," says the Journal des Debats, " is a model
of dignity, propriety, and good sense." We concur with
the French Journalist, in this character of the reply as a
composition ; and, looking at it as emanating from the
Greek body—not from the President of Greece—we think
it has been drawn up with equal manliness and moderation.
But as regardsCa Po DISTRIAS himself, we feel no con-
fidence in his measures, and set no value upon his profes-
sions. He is Russian to the heart's core : Greece must not
be left to him. If Mr. DAWKINS had been addressing the
Count only, this fact of his being altogether Russian
might in some degree account for the strain of impera-
tive expectation, in which he anticipates the " lively satis-
faction" which his communication " will" impart to the
Provisional Government of Greece. But it was for a
British Resident to draw the proper and self-suggesting
distinction between the President, addressed in sail per-
smut and the President at the head of the whole Admi-
nistrative Council of Greece. Viewing the Note of Mr.
DAWKINS in this latter character, we think it a haughty
and. dictatorial document, and cannot but regret the tone
of peremptory protection in which it is conceived. It
exacts from Greece an immediate suspension of hostili-
ties, or a withdrawal of her troops into the limited terri-
tory guaranteed to her by the three Powers in November
last. This, it ought to be observed, involves the cession
back to Turkey of all the most important garrisons, and
strong plecei, which Greece has acquired by her latest con-
quests—Vonixra, Lepanto, Missolonghi, and Anatolico
among them. TKo Greek Government answered well, by
an appeal to the magnanimity and justice of the augustMe-
di itois,who—it hopes—"will not abandon them: and that
it w OULD BE as abandonment WITHOUT REDEMPTION,
to CO attain them to tjuil the defensible positions which
thfty .rim, occupy." On this point we will offer only two
remarks : first, that the territory of Greece cannot be
too much extended, even if we decree away from
the Turk much dominion, which Greece has not
yet wrested from him : but surely, we shall leave
to the self-emancipated his own conquest? The
riishts, the freedom that he has won—the soil that
he. has liberated—at Nast we shall not rob him of
these? On what principle, in whose behalf, could we
so despoil him ? No, no : if we cannot re-establish her
to that full extent, which is so desirable for Europe as
well as due to herself, at least let no pitiful chicanery
intermeddie to contract the territory which Greece has
isceuelly squired. It• were .profligacy on the part of
Engheadiiit the could witness uninterfering—a fortiori be
a pirtyliiiting—such a dishoneurable compromise : and

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