Star.
London, England, 1819-06-10 00:00:00

THE EVENING STARTK

LONDON.

THURSDAY, JUNE 10, 1611
TILE FUNDS.
PRICE OF STOOKS THIS DAT AT ONE O'CLCCE
Bask Stock 220 221
3 per Cent. Reduced 67111
S per Cent. Consols shut
3) per Cent.7sf+l-4 per Cent. 861111
5 per Cent. Navy shut
sank Long Annuities 17 15-16 1
India Bonds 2 4 dis.
Exchequer Bills (2d.) 4 6 1 4 2 pre.
Consols for Acct. 68i1ii 67168 i t.

STOCK-EXCHANGE, TWELVE O'CLOCK.

In consequence of the various fluctuations this
morning in the Omni.= and Funds, a great bustle
and confusion prevailed at the Stock Exchange.—
Consols opened at 68k. and fell to 68—Omnium
opened at dis. and was done at 21 dis. and are
now (twelve o'clock) Omnium dis. Consols 64.

ONE O'CLOCK

Notwithstanding the combined efforts of a great
majority iu the House to depreciate the new Omnium,
it has recovered from the depreciation experienced in
the early part of the rooming. Last night it left off
at If discount, but at the commencement of busi-
ness today it opened at two discount, fell to three,
when several eminent Brokers began to purchase,
and one Gentleman alone b3ught llalf a Million.—
The Bear then became alarmed, and were appre-
lensive they had carried matters too far; a re-action
took place, and purchasers were eager to buy dis-
count, the price at one o'clock, and the markets
locked exceedingly well. Consols commenced at
68f, and at the same' hour were 681 Z-3. The Com-
missioner gave 67; for Reduced.

Last night the CITANCLLLOR of the Excitutina
bmught the Budget in detail before the Commons,
but in fact he had infore communicated the leading
parucularc, and little remained but to put the respec-
tive Tax to tae vote. The total supplies of the year
are £15,477,000. T:ie amount of aPplicable revenue
£7,074,000. The Loan of £12,000,000 being addc,!,
l-aves a surplus over the Supplies. But in addition
to the £18,477,000, there remain to be provided for
£1,570,000 interest on Exchequer Bills, £430,000
Sinking Fund thereon, and £10,597,000 for the pay.
went of Exchequer Bills, of which £5,000,000 are
chit to the Bank, and the remainder to meet Exche-
quer Bills in the hands of the Public, the whole
making the charges for the year £31.074,000 ex-
ceedlng the Ways and Means already stated by
£12,000,000, which twelve millioni are met by the
Loan of £12,000,000 from the Sinking Fund. The
following are a comparative stateenent of the Sup-
plies and Ways and Means for the last and the pre-
ent year at one view

1818. 1819.
4009,603 Army E6,900,000
6,456,909 Navy
1,4 4 5,600 Ordaan cc 1,191,000
1,958,939 Miscellaneous 1,950,000

SUPPLIES GRANTED.

16,570,951 Total Supplies 18,477,000
1,000,000 Interest on Exchequer Bills 1,570,000
560,000 Sinking Fund, on ditto 430,000

21,110,0 SI 20,477,000
• To inert Reduction cf Unfunded Debt 10,597,00

A 31,074,000

WAYS AND MEANS GRANTED.

1818. 1819.
11,0%4000 Annual hfalt T7X l'3,oco,oon
3,5c0,0u0 Excise I)uttet, c oat .nued......... 3,sonvue,
250 OW lottery 2IIO,VJO

9.50,000- 614 Stet

334,000

7.900.000 7,074,000
or.n 12,000,000
Loan from S:nlciag ..... 12,000,000

£E1,074,000

The Minister, as is usual on such occasions, con-
gratulated the House on ths favourable terms of the
Lean ; and in truth he had some grounds for his
beast, Mr. Roruscumu having taken the Loan be
tweer. two and three per Cent. under the price which
other Bidders estimated as its fair value. The fixed
Stock to be given for every £lOO, as our Readers
will recollect, was £BO in the three per Cents. and
the Biddings to be in the Reduced ; and the Bidding!:
were, as we stated yesterday,
Mr. ItOl 'RCM= ,C6ll Is P
Messrs. RICA RDO ........ 65 2 6
Menus. Rim, I Kvomorad Co 65 10 0

_
lamest 4 .5 8

Mr. ROTHSCHILD proposing to take the lowest
quantity of Reduced* was of course declared to be
the Contractor: _ _ _

It appears by the statement of the CHANCELLOR of
the EXCHEQUER, that in the next year £11,000,000
may be wanted beyond the produce of the ordinary
resources of the Country, and £5,000,000 for the re-
payment to the Bank. If £12,000,000 should then
be taken from the Sinking Fund, as has been done in
the present instance, only £4,000,000 will remain to
be raised ; and if this cannot be avoided, the Right
Honourable Gentleman hopes it will be the last time
Government will have occasion to trouble the Money
Market in time of Peace.

The principal subject of discussion in the debate
thatlollowed related to the Three Millions of Taxes
imposed towards the creation of a new Sinking Fund.
The Tax oil Malt was strongly objected to as one
that would fall upon the grower—an absolute ab-
surdity ; for this Tax can only affect the grower to
the extent of his own consumption. The argument

of the Cumict'LLOtt of the ENRIQUE" is equally
void of foundation: for he contends that it may be
expected the Brewers will pay it I Yes, indeed, they
will, in the first instance, with a profit to the Malt-
titer; but they will charge both to the consumer, and
also a profit upon both, to remunerate themselves for
the increase of capital required to carry on their bu-
siness. Such shuffling in arguments for or against a
Taz is ridiculous. The question is a very simple one,
the necessity of raising the moneybeing once admitted.
Is the Tax one that can be as easily borne (for borne
it must be) by the people, as any other that could
be devirzd ? and, can it be easily collected? The
question before the House was not how the sum
wanted could be raised on the rich, without burthen-
ing the poor, or the arguments would haye assumed
a different complexion. No taxes whatever can be
raised that are not ultimately paid by the industry of
the community ; and it needs no argument to prove
which are the classes that furnish the requisite labour.
The fact to which this points should never be lost
sight of by the Legislature; for if this body ever suf-
fer itself to believe that money, for the expenses of
the State, can be derived from any other source than
the labour of the industrious classes, farewel to all
ef6cient attempts to introduce a system of real fru-
gality in the Public expenditure.
We might here point out, we will not say the cri-
minal, but, the impolitic and imprudent indifference
with which some men view from day to day the self-
expatriation
of numbers of people from the want of
the means of subsistence! Every man separated
from the country is so much lost to its Revenue ; for
it is not the M.tit, the Tea, the Coffee, that furnishes
the Taxes, but the mouths that consume the Malt,
Tea and Coffee. Think a little, ye blind men, who pro-
mise yourselves a reduction of taxation by sending
away that very class of people uhimately pay
every farthing that is paid to the Pubic Treasury Cr
to your Pari..h-Rates. You might a: well expect to
increase the quantity of wool brought to market by
killing all the she? that they may not eat up the
grass, as premi,e yourszivek a diminution of burthens
by lessening the population. Away with such non-
sense. The greater the number of :he Imes of bur-
den in any caravan, the less will be the weight that
each will have to carry.

The P.o is Papers rf -day arrived :hit ..rorenoon.
Mat shals, tl-.e Dukes cf REGGICO, TA RPNTUN, 131LL-
LUNG, and IlAtxs.s, had the honour of br-.!:tkfasting
with the KING on Sanday. After Mass his Ma,e:ty
htld, as usual, a public Levee. General VyALTIM-
STURFF, Ambassador fom Denmark, took his leave
previous to his departure for Copenhagen. His Ex-
cellency will, it is said, return to Paris about the
lith of August.
- General Count LosAu, one of those who were on
the proscribed list of the 24th of July, and who was
some months ago permitted to return to Franee has
been placed, it is said, on the active service of the
At my.
An article under the head of Stockholm, dated the
24th May, states, that according to reports which
are in circulation there, a considerable assemblage of
troops is forming in the environs of St. Petersburgh ;
that in Denmark all soldiers absent on leave have
been recalled; and that an invitation has been made
to the Pam! 111tOEST (of England) on the part of a
great Continental Power, to form a strong cordon of
troops on the Elbe, which may be in communication
with the troops of a neighbouring Power. As to
our own military state, adds the writer, by way of
hint. we presume, to the Powers who are taking
up this threatening attitude--it is complete, and we
do not see how it can be augmented
Colonel MASSENBACII has been cashiered, and
condemned to five years imprisonment in a citadel.
Who were his Judges ?

FROti OUR PRIVATE CORRESPONDENT.
" PARIS, JUNE 7.

" We thought better of M. Bignon than to sup-
pose him capable of the miserable subterfuge which,
in the absence of all news, set the quid nuucs agog.,
His secret, his terrible secret, is a mere farce enve-
loped in mystery, the insignificance of which we would
not hesitate to unfold, by telling the whole xtcry,
were we not certain that M. Bignon, to keep up his
credit, would act like the Marquis de Barthelemy,
and change his ground. What need have we of any
secret, real or forged, relative to the exiles? In a*-
presentative Government, every man's property and
person is under the safeguard of the laws and the
King, who has no more right to infringe the laws
than the meanest of his subjects, and for every breach
of them he ought to be brought to trial in the per-
tens of his responsible Ministers. If this be not the
case, the government is merely despotism, wearing
the mask of a free constitution, a political Tartuffe or
Mawworm. As to the exiles, and especially those
called Regicides, they are unjustly banished, because
every form of law and the constitution has been vio-
lated with respect to them : on such a principle no
man's life or property is safe, for it only depends on
the King's pleasure, that of a Minister, or perhaps his
valet, or his valet's mistress, to banish any person
whatsoever without any form of process or trial what-
ever. Can such a system inspire public confidence?
Impossible 1 for no man is safe; it is but one step
more to lettre de cachet and the Bastile, and but ano-
ther to the ancient practice of getting rid of trouble-
some persons by the bowl and dagger; it is only an
extension of the principle already put in practice.• Bet
let the lovers of despotism beware : the military am.