Star.
London, England, 1826-02-08 00:00:00

HOUSEHOLD TROOPS.

. -
Mr. HUME had given notice of a motion for At-
e -trots of the number of Officers of the Oxford
r. mined on full pay, notwithstanding the rtduction o
t...e troops to which they li.rd belonged, and of the
atatlitinnal expense thereby imposed up..n th, country ;
and for Ace nuts also of the manner in which vac antic•
in that corps had been tilled N.. It was hi. ititeialien
extend his moil •rt so far u to make it apply also to
the Li e Guards and the Foot GuArds. The ACCOUII3
o tl a Regiments he had metro lied, were Le t in a
'sits Der thgetent from any other part of t e arm).
were, in truth, exempted from any ilf:ctual
exit. Q ration. No abstract was rendered to any resinni-
stbleOnoter, .cut the accaun,s were hand•d to In
M4p&iy.in per.nu, and from .tot to the WAl•tiffiCre
adiese,no regular or satistactory at:dit took place. l hat
ilOtist. had vt.t.t.d ta-t star upv arcs of

that hunch of the military service. Surely that sum
was much too large to be expended without the usual
and necessary checks to eisappliclittoo. In th 6 opinion
he was not rtt all shaken;altfibegb a Board cif-General
Offic,ees which -Sad sat upon • the :sittajettdid not see, any
oecessity fur alteration. A sterner pool of the faeces.'
sity of alteration could not, he thougt.t, be teqtrirea,l
than the-expense to the country of every man in thew.'
r .giments, compared sei:h the expense per man, of the
regiments of the line; The annual expense incurred-for.
each man in the Life Gual ds, was upwards of 741. in
the Horse Guards Blue it was very little' less, in the
Foot Guards, 561. and in Regiments of the Line it was
,only WA It was surely strruge that the expense of a
roan in one regiment should be' double than in another;
but they had only themselves to thank, for, if that House
would vote large sums of money Without taking sale
that there should be -a strict and satisfactory audit, vi hat
could be expected but that some improper appropriation li
would take place? He would now advert to the specific,
irregulatity which his motions had in view. Why, he
wo ,Id ask, should Officers be returned on full pay in
those favoured regiments, after the reduction of their
clamps or companies, ortre than in other corps ? At the
end of the war, it had become necessary, with a view
to the relief if the publ c hoidens, to reduce many
regiments, and to place a great number of the Officers of
almost every regiment upon half pay, tia, by the occur-
rence of vacancies, they might be again established upon'
full pay. He was sorry to say that this just and econo-
mical I rinciple had not been adhere) to, but that, on the
contrary, new men had received the vacant Commissions,
in contempt of justice to :he old Offices s,,and in disregard
to augmentation-of the public exp. nditure which that
cruidoct must produce. The Oxford Blues had two troops
added to them in the year 1812, and when those two
troops were tesiliced, at the conclusion of the war, the
Officers were retained upon full pay. It was difficult
to perceive upon what ground the distinction in favour
lof that Regiment was made. The fact itself of such
distinction was surely enough to establish the necessity
for his motion. His plincipal reason for extend ng his
motion to the Foot Guards, was information he had re-
ceived of irreguldrities in filling up vacant commissions
by the introduction of new names, instead of resoying
to the Half-pay List. He would mention some instances
which had come to his knowledge. Lieutenant Knox,
who had died, had been succeeded by a Mr. Bigot, who
moreover received his commissie.n without purchase,
instead of the vacancy thus created being filled up from
the supernumeraries or ball pay of the regiment. Hon.
Members may think that seven or eight shillings a d.iy
is an . bject of too trivial importance to be thus brought
on 'et: the notice of the House; but when so many thAr-
sand families in the country were reJuced by the pres-
sure of taxation to a situation which rendered even a
smaller sum of infinite importance to them, he could not take that
view of the subject. lie would mention another instance in the
FootaGuards. that of Mr. Torrens. The Hon. Member proceeded
to mention another instance. When the various Returns, for which
he should move, were laid before the liouse,it would then be seen
whether further proceedings were necessary. The lion. Gentleman
concluded by moving—

t. For a Return of all the Officered the Life Guards, the Royal
Horse Guards Blue, and the Foot Guards, Dow on full pay, the
troops or companies to which they respectively belonged having
been reduced.

s. for an irrtnunt of 'Wray and allowances of such Others since
ate :eduction oi their troop or toinpany, with a Statement of the
difference between such pay and allowances, and those to which
they would have been entitled if upon half pay.
3. For an =fount of all vacancies which have occurred in the
above rejiments since the reduction of any troop or company, with
the manner in which they have severally been filled up.

Lord PALMERSTON did not use for the purpose
of opposing the motion of the Hon. Gentleman-. He
could not but think it, however, a more convenieriei
course for Hon. Gentlemen, after having given notice
of motions, to limit those motions to the terms of their
notice. The footing on which the regiments in question
stood in respect to their accounts, was certainly different
in some degree from that of the military service gene-
rally. When the last alteration in the manner of ren-
dering the accounts of regiments was adopted, those
corps had not been included in its operation; they were
left, in regard to this subject, in the same situation in
which they, in common with the whole army, previously
stood. The Hon. Gentleman was, however, greatly
mistaken if he imagined that the expenditure of those
regiments was therefore left without any effectual con.
troul, or that the accounts did not undergo a rigorous
examination. It the accounts were not furnished in the
same form and with the same detail as the accounts of
other regiments, he could nevertheless assure the Hon.
Gentleman that they were Fresented in sufficient detail,
and examined with sufficient minuteness, to prevent the
possibility of any misapplication of the regimental
funds. If the charge for those regimen's appeared to
he excessive, as compared with the expenses of other
corps, it should be remembered that they.paid the ex-
pense of recruiting, and various other expenses, out of
the regimental fund, which, in the case of all other re
gim n4s, mere-provided for by special issues. It was
deemed more consistent with the peculiar nature of
this branch of the military service to retain an extra-
ordinary number of supernumerary Officers upon full
pay. A great number of Officers belonging to these
distingui,lied corps belong to the S aff, and ate conse-
quently liable to be frequently withdrawn from the
regimental duty; on these( ccasions the supernumerary
officers supply awir pl ces. He w •old assert, that since
1814, all vacancies hsve been supplied from the halt.
pay-list, unless in the case of Officers retiring, who were
rs•ntitle.f to sell,. There was one case of exception which
he would mention. At the battle of Waterloo the
Major of one of those Regiments fell in the action. All
the in'erior Officers took a step in rank, arid the vacancy
created was tilled up by giving a commission to the
brother of the Major who had so fallen. In the in-
stances which the 'Mon. Gattleman had mentioned, the
individuals who waived the commissions had been Pages to the
King : after a youth had served in that capacity for a certain mini-
ber of years, it was understood that he was to have a Cornetcy or
Rpsigncy, at the first opportunity, without purchase, in the Guards.
That had been a long established practice, and could nut, he ven-

turned to say, be considered objectionable. Ile would mention
further with respect to the number of Officers retained MI lull pay,
that several had been so retained in the Guards, because they
having very recently purchased from half to full pay, there appeared
to be peculiar hardship in again so immediately seducing them.
Tyr Cli A NCEI.I.OIt of the EXCHEQUER moved that this
House resolve itself into a Committee of the whole House for a
motion of Supply. The motion was put and carried, and the Report.
ur♦ered to tie presented te-morrow.
The House then Adjourned till so-morrow.

Firtv-seven Peas Lave been excu ed from the balio,
f r L nds to attsnd the bracing of appeals.
RUSitAN LOAN, NE.GoCIATI.O BY MR. N. M. itOTtle
cutup, 3:4 I..tiNtion.-11se flail Yearly Dividend on the .Hour
Loan, which locunies due on WrAIIIIIOIT, the lit of Msieh neat,
wi I tee paid by Mr. N. M. Itomecisseu, on that and every stic-
zetdit.g day, between the hours of Too and TWO, at bib Counting-
h Atte, No. C., New-court. Thr Dividend Wangisiti., with a list
hereof, in nunierteJl order, must be left one day previous to pay-
went, for be purpose of being rammed.

,

; s'Astkit-7 •

- LONIION.
:WEDNESDAT, FEBRUARYS. IS9.
Asir WICOOMMOAT— MIMI* AT Tar RM.

• • STOCK EXCHANGE, TWELVE O'CLOCK.
This is a Holiday at the Bank, but the Stock Exchange is open,
as-well as the Foreign kiarket.
Consols opened at 791 fur the Account, and are at the presen '
time 791 with little doing.
In the Foreigps Market nothing is doing.
Current Prices: 01k1 Spanish 114 4, Mexican 6541, Colom-
bian New 574 4, Russian 83 4. Greek Bonds 15 4.

EXCIIANGE.
Luzon, JAIL 21.—0 n London, al.'
FRENCH FUNDS, nuns, FURUARY 6.
Five per Cents. . . 99f.
Three per Cents. •. . 65f. 60e.
Bank Steek . 9035 f.
Ilaytian Loan

. 785 f.

The following were the prices of united States Stock nn the
15th tilt.—At New York, Six per Cents. of 1813, 100 to 100 ; of
1814, 101 to 102 ; of 1813, 102 to 104; Five per Cetus. of 1820,
100; Three per Cents. 80.
FORICIG N FUNI/S, TWO O'CLOCK
Au•rrian lids 5 p et. Alex. Scrip,
Brazilian Bond., 55 Ncepollten Bowls

Ditto Acct. l'ertnr. 13ds, 6p C.
Do.SCrip,s p C. 11125, Ditto Acct.
titienos Ayres Bonds Ditto &rip, 1825,6 p C.
Chilian Bonds, 6 p Ct. Portuguese Bonds
Colombian Bd.. 5 p C. Pros'. Lids. i p C. 93* 1
Do Lids 1824, s'l A 1 6j7 61 Do. Bonds, 16112,
DI). Ace. 57i 6 7 6i Russ. &IN% 622, 6p C. 831
Danish linnds, Ditto Acct. 83; A
Do. Marks Span. 5 p Ct. C. 11 A
Do.lids. 3 pC. 1825, 58 Ditto tor Ace.
Ditto Acct. Ditto 510,
Greek Bonds Span. sp. Ct. C. 1823,
D. this, 1825, French amtes, 5 p C.
Ditto Acct. 15} Exchange,
s:ex. Bonds 5 p. Ct. 511 French Hewes, 3 p C.
Ditto Acct. 5 p C. Exchange,
Do. 8da,1825,5 pC. 651 5 4} ,Guatentala Bonds,
1 Do. Acct. 65A A S j 4j Ditto Scrip
BRITISH AND FOREIGN SHARES, TWO O'CLOCK

ram.
Anglo Mexican spm. 100 40
Angle, Cbilian 100 5
Colombian 100 - 5 -
Potosi. 1.1 Paz, & I'erue. 50 5
United Aielican 40

21
. 0

Ditto New 40 12i I'4
If arine Alliance 100 5 5e
firriti4h Iron Company . 100 45 13 14
Podrl Fishery, Yellow (iss..Clo par) 25 2 Si
I'rovincial Bank of hamar' 101) 3O 51

While we are acquainted with the outline only of the
measures to be proposed on Friday, for the improve-
ment of the currency, and are ignorant of the many
modifitations and minuter details • with which they are
likely to be accompanied, it would be premature to
enter on an investigation of the adequacy of those
measures to accomplish the object in view. This object,
we conceive, is simply to prevent a recurrence of those
evils which have. recently afflicted the country ; and it is
expected to. be .attained by restraining the issue of
local Bank notes.

On. prineyle, therefor:, it is • inferred, that the super.
abundance of ti.e circulating medium in paper created
.the mania for speculation. We think, on the contrary,
for mote reasons than we can now adduce, that the
thirst for specu!ation created the excess of paper. One
signal testimony of the roundness of this opinion may,
however, be mentioned. On the opening (that is im-
tibrdiately after paying the dividends) of the Reduced
Three per Cents. in April, 1823, this Stock sold for 751.
At the like period, in October following, it sold for SS;
but nn the same occasion, in April, 1824, it advanced
to 95k. Now the official account of the Stamps sold for
country bank notes stands as follows:

In the year 1821
1822
1823
1824
1823

This is in the same proportion as the following
numbers— '

1821
1922
1823 110 902
1824 ' 173,900
1823
So that, prior to 1824, title Country Bank issues only in-
creased, as compared with 1821, in the first year 54
per Cent. and in the second year 164 per Cent. at which
last period, however, the Three per Cent. Stock in-
creased in price from 754 to 95} ,'which was very pearly
the highest amount they ever attained. At this point
it will be found that speculation began to rage with
ten-fold fury ; and accordingly the Cour try Bank issues
increased in the third ye sr, 7.1 per Cent. and in the
fourth and last year, 1031 per Cent.
Is it not, then, as dem- as demonstration, that the
mania of speculation created the excessive issues? After
all to what extent have tkose issues reached? The
stubborn unanswerable fact is, that the total excess of
Country Bank notes, in the year 1825, over that of
1821, is only about four millions and a quarter.
We by no means undervalue the effect of such an
excess ; .but would only compare its probable conse-
quences in producing the recent distresses with she effect
of speculation at the same time. It is stated in detail,
by the author of the Letter to Mr. Pert, that in the last
four years the amount of l.'ans lent byEnglish capitalists
to Foreign Powers, is equal to the tremendous sum of
sixty Arse millions and a half 1--It has, moreover, ap-
peared, by a careful analysis lately inserted in all the
Journals, that the subscribed capital to the various
Joint Stock Companies lately formed throughout the
nation, was about two hundred millions, of which no
less than ten per cent. on the whole, or twenty millions,
had been paid up by our wise and prudent countrymen !
Ard this is altoge her in addition to the excessive
im:sortations from foreign countries. Alter this fright-
ful statement, to say that the country bankers, by..their
over-issue of four millions and a quarter, created the
digress which has overwhelmed this deluded nation, is
mere nonsense ; and. as we stated before, such an
assertion is only calculated to make them the scape-
4oat, instead of the real authors of the cahmisy.
And who are those who) s ?--They are, w e lament
to say, the high and m%ebt y of the laud ; treasons whom

'no one has the towage to assail and drag into open
day. We see with shame, that Pa►liamentary impeach.
ments are threatened and carried on against this
Goveraor, and against that Justice of the Peace.
enquiries are insftuted into the perquisites of this,
or the other troop of hr►rse. But who is there to
enquire into the conduct of tl►ose who lent their
names, their characters, and public reputation for
integrity as decoys, to ensnare the ignorant and con-
fiding reople of this cotintry into desperate and mad
adventures? Lent their public reputation ?—why, they
sold it for so much gain? and this they avow with
their own lips, in the face of day, before the whole
world. A scheme as uncertain as a Lottery is pro.
posed; it is patronized by three r.r four Members of
onr august Senate; their names are blazoned forth as
co•adventurer►; their talents and general knowledge
of affairs ate well known, and the public believe that
they have carefully investigated the chances of success
before embarking their private fortunes on the event.
But have they so embarked their property in proof of their
honest conviction that the scheme is profitable? Nut
one latching; but, on the contrary, they make a pro.
perty of this their reputation--they sell the shares
entrusted to them, as their particular adventure, when
the fame of their own integrity, and the nefarious arts
of their accomplices, have raised tho e shares to a pre-
mium, and then they sneak out of the concern alto-
gether, or at least as far as any hazard to their own pro-
perty is concerned. They pocket the profit—and avow
they have so done—and yet they know full wtll that
the persons who paid this profit grt no value from
them in returneither in the shape of services or advances.
But they escape with; impunity, for no one dares to
accuse thVsn•

We have received the French Papers of Monday,
and the kloile of yesterday, by express. The latter is
principally occupied with a re(crt of the proceedings
in the British Parliament, and extracts from the Com-
mercial Treaty between this country and France. In
the sitting of the Chamber of Deputies, the appoi„t.
meat of M. RATE; to be President during the Session,
was announced ; and M. RAVPE returned thanks.
An article from Odessa, of the 17th ult. states, that
the conspiracy at St. Petersburgli appears to have had

more extensive ramifications than was at first beieved
Accounts from Bessarabia state, that four Generals, and
many Officers of the Staff, had been arrested 7.nd sent
into the interior of the Empire. It has been for some

time rumoured, but!perhapi prematurely, that this army
is to be dissolved ; it however appears certain that the
late EMPaRoR was aware that a conspiracy existed itt
the army, and that some days before he was taken ill,
he had charged Count Ctraxtractrarr to invest ig.ite
The EMPEROR'S indisposition is stippo,ed to hive de-
layed the execution of this measure. bq the .C:;unt, but
the new ExPenon has been equally informed of the
views of this faction.

The Mute denies the report that a rew treaty has
been entered into with Spain, by uhich the • Freilch
troops are to occupy the strong towns in Spain fir three
years longer.
Lieutenant• General ROTH, who arrested the Russian
Colonel Mounavim, and put down the revolt, is a
Frenchman, born in Alsace.
Te Lleile gives some further details of the late
events before Missolonglii. Irma rum Pacira had not
himself proceeded to Etolia, bat the siege was •till con-
ducted by the Seraskier, who made a new and very
vigorous attack, the latter end of December, on the
town, with about 15,000 men. The attaoic was well
directed by the Egyptians, who advanced on several
points ; but they were repulsed in great disorder, and
the victory was considered as complete. It is said that
PACIIA, mortified at this defeat, v. ill bring his
army from the north of the Morea, and attack Misso-
longhi himself.

New York Papers to the 17th ult. have been received
at the North and South American Cr.ffee-house, by the
Manchester, artived at Liverpool, but they contain no
news of importance. The principal subject befole
Congress, was a Bill for amendiag tl.e judicial system
in the United States.
The differences betw, en the General Govetnment
and the State of Georgia had not been adjusted. It was
expected at Washington that a special mess ge *fluid
be transmitted to Congress on the 'object. Governer
Taour was lying dangerously ill at Milledgeville, is
Georgia. _ _

The Sena'e of the United States had not decided gs
to the conarmation of the Ministers nomina ed to attend
the Assembly of Panama.

Lisbon Gazettes to the 3lst ult. reached us this fore-
noon, from which we make the following extracts :

LISBON, J•M. 24.

A Royal Dectee orders that the measures prescribed
by his Majesty's Decree of 19th Nov. last, fur diminish-
ing the disbursements of the Royal Treasury, shall be
extended to all the cities and towns of those kingdoms
and their dependencies ; and chat in the Culunies, when
the Magistrates, on occasions of the entry of new
Prelates or Governors, order the inhabitants, as usual, to
illuminate their houses, such illuminations shall not be
made in the fortresses and public buildings at the ex-
pense of the public treasery.
Yesterday being the birthday of her Majesty the
Empress of BRAZIL, it was kept with great splendor
at Court.

JAN. 30.—The Gazette contains a Royal letter to the
Governor of the Azores, declaring that it is fully prove.,
that the charges brought against some of the inhabitants,
who had voted an address to his hlasaesyr, soliciting
Alm continuation of the late Governor in his office, are
wholly unfounded, (gibe, and calumnious, those persons
,aving, in giving this testimony of te4 ect to thei."

I

. -tor, a•_teJ in every► particular with all the respect
4: to the laws and his-NIAJESEY, to whom they have
2 ys shewn themselves fitithful and loyal subjects. _

Frankfort Papers to the 2d instant reached us this
f-!cnoon. The following are the only articles they
c,-;•lin.worth quoting :

W (SBA DEN, JAKOAST '29.

official Journal of our Dually announces that,
at the end of last year, the candidate H. (a young
(siergyrn.n, wirhout preferment), a native of Wi►badrn,
WAS condemned ro ten years' rntpri.onment in a for•
tresi, f having been engaged in relations tainted wits
treason.

In al,,;!:er column we hii%e inserted Copies of the
cmTesrondence of the Earl of Ltvintroot. and the Cigar:L*l.ton of
the Esc:nut:am with the Governor of the Bank of England, on
the proposed alteration of the privileges enjoyed by. that body. It
will be read with ititerest and advsntage, previous to the discussion
of the measure which takes place oil Frithy next, in Parliament.