The Statesman.
London, England, 1818-04-10 00:00:00

bleh as.foltr Wits rd'toect Je.thtilireliott of
the Rigtt,liion..Pentiesoitt (Mr, Tierney) as to any
other plane btr?eribla, ham is new, he weld ampere
him, that the actitrearef Stock Debentures, which bad
made so much noise, had maser been tootenitilabod by
him at all flelied hen addressed by an individual
who suggested smith a scheme as a profitable kind of
fifisiing secalty ; hot he theogirt-that the Isms of
Esrtiequer Bills *mild answer geoirally the purposes
of Stock Debentures. Another plan .bad been sop
gested by a Mr. Western of issuing paper on deposit
stock ; but this be considered its an improper and in-
secure species ofeerrency, and liable to affect the
poor.
Mr. GRENFELL said, that with respect to Mr.
Newland's statement regarding the-Price of gold, he
could not have meant the market price; but the Bank
imported a certain quantity of gold at that time from
Hanibergh, from the house of Elias's, what cost tise
13ank upwards of four guineas:
The Resolution was the. carried, Nil' leave glvOo
to bring in a Bill to continue the Act for tbe Re-
striction of Cesh-payments for a time to be limited.
As also a Bill to enable the Bankers of England and
Ireland 16 issee promissory notes upon deposit, stock,
or other Government security.
Mr. J. P. GRANT asked some questions across
the table respecting the time when the former Bill
sbeekt be breoght in, and was tintlerstiod to wish'
tbst it Weald not be earlier (halt Monday.
The'CHANCELLOR of the EXCHEQUER was
understood to have consented that the Bill should sot
be brought in till Monday nest.
Mr. GRENFELL asked for some explanation as
to the terms on which the securities of country
Bankers were to be deposited.
The CHANCELLOR of the EXCHEQUER
mid, that it was intended that half-a-crown per cent.
should be paid on the original deposit, and Is. per
cent. per annum.during its continuance.
Adjourieee -.I !•7,Tht O'Clock.

PRICK OF STOCKS THIS DAY AT ONE OLOCK.
ANA Stock Me IS& I per Cent Sart
_IOW
per Coo. Ned. 791.04 India Heide 94 MI p
S per Cent. Comb *Weil --- Steck My
Con,to, fur Are. POlii Loam Ann. 94 9-16
4 per Cent. 97ii • Kichequer Bilk 19 20 p

.1. THE STATESMAN.

LONDON: '
siugiAre *nut. 10,'1115.

Of all the systems devised for the purpose of en-
slaving mankind, none more effectually contribute
to this end than that of money. Of all the Wren.
lions so happily hit on for supplying the semblance
of wealth when the substance is departed, nothing
can equal the system of " blest Paper Credit," which
has "lent Cerrugtion wings to fly," and enable/ it to
triumph user the better Intimate of the People of this
country, and of Europe, so long. " Blessed for

ever," said Sancho Panza, " be the man who in-
vented sleeping." And " decked with everlasting
rags," the Ministers of England and their Mends
the Bank Proprietors may exclaim, " be the statue of
the man who first discovered the art of converting
'en old shirt into a million of Bank-notes:" The
Philosopher's Stone, were it comeatable, would be
lumber, cnmpared to this glorious discovery. Go.
vernments have long felt the genial influence of this
national blessing, and now almost every apprentice
who can write, and has a knack at imitation, ac-
knowledge, the aopetiority of the system by which
he can rise to eminence, without the hard labour
nasally attending the acquisition of hard cash.—Se.
riously, however (for this matter sometimes comes
to be a serious concern), we are fully sensible that
banking establishments are highly beneficial In a
country like ours, with an extensive Paternal and in-
ternal commerce, by affording facility in making
remittances, and In transmitting large sums from
one part of the country to another, and in making
temporary loans, for the purchase of produce, where
large capitals are locked op in materials of trades or
vested its foreign commerce; but 'aperient* has un-
fortunately shown, that the Banking System has lot
been,- in all instances, eqoally beneficial. Like medi-
cine, when judiciously administered to the physical
body, it removes obstructions, Increases the circula-
tion of its Maids, end invigorates the whole system,
bet when administered by enskilfol, hands, too pro-
fusely, predates morbid affections and paralisestvery
nerve : so banking establishments, when increased,
as they already bare been, to a great patent in this
toantiy, and indissolubly tenanted as they have
become with an improvident Government, counteract
entirely all the beneficial effects expected from them;
sad instead of facilitating the accomelatioa of wealth,
bare become the causes of general ruin, sod the in.
'transients of ooprincipled power, which has by
each means been enabled to draw almost every
individual into a responsibility for its measure', and
dispose of the real property of the patio') at its plea-

sure. Examples of the evils of this system are too
notorious to need any Riustration frorn us. All
who are engaged in this currency manufacture pro-
fess to have the piblic good solely in view, but in too
seen, instances their conduct has shown that they
soon become blind to all other interests boat their own.
But the Government Bank, and the expedients of
Government to bolster op their system of paper cir-
culation, are what the Public have most to do with,
and are most imperiously called upon to examine.—
'to preserve the credit of the great instrument, the

Beek atagtand, every thing else most be sacrificed.
The estraordinary intrease of forgeries nes the Na-
tional Sink, which sufficieotiy indicate the little at•

.1••4;vrik.:•:IN-644 ilsis7;resulipseetiss
, Silts tkArassigirst is.
iteutions, haul. natttrilly had theta** bf milking the
roblic timid in rotteieleg the se M! totes of the Bank
)if Englund,. and coasequeially of. lessening ad,
iircolatioe. To remedy this iweehienleece the
I bsurd and injurious expedient seems to be designed
ilftbrowing such obstacles is the.way, of Ismael from
other Banks, as shall diminish the number of their
000 'notes, and compel Otis Public to receive. the
notes of the Bank- of Englaild. This will all*, it
M no doubt surmised, eccasies se inertoned Woe of
Iselin from Thyeedneedle-street, likewise
the other pert of the CHANCULLOIL of the Excar.
area's Plan, the contiguous, of she Restriction on
Mesh payinents. 'f he details el the plans, or stra-
tagems, as they ought rather to be tailed, for forcing
sip Stock and *Bank credit, were given last nightly
ike Neese of Commons by Mr. VANISITTAIT 4 and
the Reeder will see from these into what a compli.
Gated Mate the fineacial. affairs of the Ration have
been driven. Every measure which the QueciLLoa
isf the &CBIOS:Ma new brings forward has some
eennectioe with the Bank, and whether it be the Beek
that speaks in reensamendation of kir own scheme for
its own advantages or the Government, that has mixed
the stairs of the Bank so mach with the concerns of
the nation, that it cannot soggestan -intention with.
out referring to its pyres holder, the Reeder ettbe
CHANCELLOR of the EICHEQUEIO speeches
q sire some time to discover; for Tarn, Patient'
Debt, Exchequer Pledgtig and Mortgaging,.
Banks-and Bankruptcy, appear to be all so closely
connected that the one cannot be mentioned without
the other. If the figures Nine hundred millions, for
instance, had no importance beyond the tonsil space
they occupy in the books of the Bank of England,
we might behold them with indifference;bot when we
know that, according to the increase of these appa-
rently lesignificant cyphers must be the immune of
taxation, the decrease of the profits of industry,
and the diminution of property, it becomes a matter
of weighty importeace to every mambor of the
community, to every inhabitant of Greet Britain.
fibet";,,v,,riitnent borrows money on the credit of the
Basket England—the Bank of England borrows
money of the Government--thee is to say, by the pro.
tectios of the nernriancnt they do not become bank-
rupts, and ore permitted to issue pieces of paper and
melee phi and silver for them. The Bank of Eng-
land bale promised to pay in cash repeatedly since
the stoppage—but they say, the Government will not
allow them. They might, however, prove they could
do so by satisfying the few demands that are made
spots them. Ou their Bank-notes they promise to
pay in cash, bet when they are resented,
they infuse--they dishonour their metes. They
will only cash a few, and give other notes in es.
change, always striving to increase rather than
diminish their Issues. The CHANCIILLOtt of the Ex-
CUCQUER Conceives that in so far as regards our in•
ternal situation there has existed no desire in the
public mind that the Bank should resume cash pay
meat, and admits that consequently there would be
no danger (to the Bank he means) in returning to a
metallic currency. Mr. VANSItTART presumes
more on his knowledge of the public desire in
this respect than the facts will warrant ; for every
body now sees and admits, that a return to cash
payments on the part of the Bank, is the only
effectual way of checking the increase of therein and
crime attendant upon a paper storrency, so variable
in valve, and so easily forged. Bat the most ab.
surd part of the CHANCELLOR of the Excna.
gOest's defence of the Restriction Act, is his de.
claration that the operation of resuming cash pay.
meets ought not be resorted to, because foreign
loans are oegociating in the country. So,becaosethe
French and Pressian, or other foreign Governments
want loans, the British People are to be deprived of
the advantages of a return to • proper standard in
their circalatiug medium, and our currency, even in
a time of peace, is to sestinas dependant on
the measures of Foreign Governments, or epoo
individual speculations. Tb. somber of absentees
too is assigned as a cause of the inability of the
Bank to resume cash payments, sad the Army of Oc-
' cot:alien is necessarily included to this aliesion. But
this is a eases of incoeveeleast, we think, that might
be (may removed, and with no little advantage to this
ilemstry as well as to France, for it would paste the
wits of any one to discover the Weeks arising from
the keeping op of this idle source of existence.
To a question from Mr. Mangy, respeeting the
probable issue of transferable debentures on the cre-
dit of stock, as lately rumoured is the City, the
CHANCELLOR of the EICUE4IORit distinctly stated
that he bed no intention of proposing such a measure,
especially while there was so large an amount of
Government paper, as is at present floating iu the
market.
In both nooses Addresses of Congratulation were
voted to his Ro) al ilighness the Persica Recast, the
Qusco, and the Princess ELlSAllltiki, en the oc-
casion of her Royal flightless, marriage with
the Prince of Ifessc-Ildnacao. It is stated,
that a Message is to be brought down from the
PRINCR REGeNt on' Monday next, In consequence
of the' Royal Marriage that has taken place, end
of lb Ilse hi contemplation, to settle a provision
anger
and waft generally en the torn es of the.% iso
branches of the Royal Family. Oint 01110, is so flute
reason or necessity to justify shy tick messaft, that
we must beliefs this stittment to be a tatittratioa.

• '

f.az 1 • "! : • ~."1 Hitt
/I T 1
ran• raP%.6.•
thirft ...7111 ibil. hove V beeweeeeived.--1
'ite Pt*** fee the Abolition of eisedilave Trade wet
presented tb Hie ILlng.tin Sunday by the Cn A NCE4IIOII
of Preece, Mid Om Berne of Al dbaniber of Petri.
These Phis are agate otarli MIMI with the trial at
Alla; of. the persons amend of the assatednatiest of
M. Ftliittss. At the close of the fith. dily, only 37
!vitamin, oat of 9.05 foe the preiecollon, hid been es.
wined: "Madame hlttritoir itteeried to der °firma
statiment, and acknowledged haVing.ba4n in vi gait
111 BAIIQALIS hems at the vilest tbel wittier was cos.
••
Tlso- .4irstrion Observer. has contradicted .4be et&
pests is the English and German Journals, .of its
being iatended by the Allied Poirieri to t shit in
the Army of Occupation on the right hank :4' the
Rhine, after it has been withttrawn frees Fres*: It
eiss,doooto the truth of the conjecteres in theses*
liermik, as to the: objects to be dimmed at the.
mining Congretiof Sovereigns, tut nothing isms!.
&seed as to .the real topic! which are to occupy the
attention of these Royal permitter'.
From Petesshargh it Is mentioned that pregavations
opoo making at Moscow for the reception-of the King
IN Pivot*.
ANOI'HER EXPEDITION TO TILE POLE..
In a Petersborgh article we rnd, that Caere,
Gocowers, the Russian Officer seat oat * Mi
Coed on a voyage of colossisatien ("discovery, hall
tucked Rae Janeiro, after a short peeve oat, eel
departed thence ter the eastern coast of South
rice, for the Sandwich Islands, and, subsequently,
for 4amschatka. it is alleged by some, that sacra,.
west passage is the primary object of the enterprise
committed to this Officer. If so, be takes the diame.
Wally opposite course to that which has been pre-
scribed to the British squadrons now equipping for the.
Northern Seas. Their scheme is to search for a road
to Behring's Straits from the Atlantic Oeeae ; whereas
Captain Gocowntx starts on the adventurous part of
his voyage from the Pacific Ocean, direct through
Behring's Straits.


Yesterday morning the Duchess of Gr.oucesTta
visited the QUEEN and Princess MIGUSTA at Booking.
ham-house, Rood afterwards accompanied them to visit
the PRINCE REGENT at Carlton-house. The Duchess
of GLOUCE4TER, the Dukes of YORE. CLattascr., and
KENT, dined with her MAJESTY yesterday. IS the
evening the QUEEN had a select petty.
On Wednesday Prince !antrum) arrived at Clare.
moat from We)tnneth.
'fhe answer to the• enquiries after Lord OALMIIR•
STON'il health ,eterday and last night was, " That
his Lordship was :quite well." The nett 'lamination
of Davis, ‘‘ho is 4.,.gt'int, i iii 'NOAH-fields Prison' is
is said, will Ile place on ,••1 lay nett. • flevaseed
the night in r, composed mansie,, of was heard to
sip, it was Isis ineentioss, to kin istsa -.rdshipi He
resides in a room in the G.sverttor's hosts • -"here he
receives every care and attention.
Yesterday a Court of Directors was held! ft! the
Fast indis-house, when the new Directors elegled rns
Wednesday lastoig.:—lttctitnnCHlCHELET PLOW.
PEN, Ecq. Joux liunmesTosi. Esq. Gr.nty:E.Angtt,
=toluene Roaiusou, Esq. Wu. STANLIIi Cissinet
Esq. JOHN TUORNUILL, Esq. and GEORGE RAIICES,
rig. took the oaths and their seats.—JAM. giPATTI.
son and CAMPBELL MAILIORIBANKI, &qrs. were
chosen Chairman and Depaty-Chairman for the year

ensuing. • •
Leiters from Madrid of 26th ult. inform es, that
the new Custom-house Rego'ationy that were talked
of, are rather projected arringements for the esta-
blishment of four depots, than the opening of four
free ports, as the foreign merchandise was Intended
to be deposited (for a certain time without paying
duties, and till embarked for South America) la
warehouses under the King's key, but liable to a cer.
lain superintendence of the respective Boards of
Trade belonging to the places where the depots are
formed. The esport duties to be paid in Europe, as
well as those payable in America ; hut they are to be
calculated in such a way as to give to Spanish com-
merce an opportunity of entering into competition
with foreign shipments. It was supposed the duties
would be 15 per ceut. en foreign goods, and eight on
national ones. The whole was, however, still con.
sidesed as a mere project; for, although it bad gone
through and been approved.by several Departments,•
it had not yet obtained the sanction of the King.
On the 21th, a new Royal Decree had been pub.
lished for the administration of the military finances
of Spain, which ire to form • separate branch from
that in charge of the War. Minister. The new plan
of Ways and Means had not beets carried into effect,
owing, es it is now said, to the delay of Bulls from
the Pose, to authorise certain alienations of pro-
perty. It was confidently asserted in Madrid, that
the Retsina pqnsdron is to be paid for oot of the
funds destined by England for .the dehisce of the
Pyrenees, and not out of the 400,0001. arising omit
of the Slave Treaty. •
COURT OF COMNoN COUNClL—Yesterday 'the
ll
LORD MATO& held a court of Common,
.Couocil
Guildhall, for the especial purpose of coosilerisig of an
Address to his Royal Hiesness the Parxce•
upon the marriage of her Royal Highness the Princess
K.maasctii with his Highness the Hereditary Planets
'of liessz.llesteueca. Also .of an Address to tiker.
Mei EseTstod of Compliments to the Prince and Ptin-1
cess en the same occasion. After the•Minotes thej
last Coen had been read, the .1.0111) Sleyon.stsCed
J
the tattoo he had called them together ; and ser.i
Alderman ORTDOES Mated, that Addresaft and CPII4I
'aliments be presented accordingly, which &gag agreed,
to, a Committee was.appeioted to oEore:thews P. 441
they accordingly ssittodreeri and Iselngretirired; pre-
sented Ovum,' which were read and ogrOed44'.trnti'
the %grits attended by the Remstabranter, rare
directed to wait upon the Pinter* Rkairr,
Quagsr, and tie Plltittess end Petnc4 te, kilo!
sks they mongol ise pietism' le 11101111116 tw Mille • •
Gemmel Detichese the filltb Ilestesest, Wto !rev
need the. Isle Gaspordter. Jane, si Cannel or ski
311th Regimens ad Ihr T. }lmo* Yee ass the
95111.

s: •

. . .
.
bath., Areit. 9.:Arrtved and sailed for tare Rises'
the Earl of blnrley,. Crtigie; from Calcutta, sailed
the Dec. 1817. Also arched the Trim, Gruyi
sons der from Lisbon; . William, Beer; from Wee
HOW ; Mitteita Bretton; froth ; Ssc.
eese, Party, frosit*LiverpoOl; soil octets,
.moreijar.
Aeolus unknown. Also arrived Irh Maje*ty'j wee
.tet.Lotd Dunes*,
,svilb a Plaittleta Mani Trott
. od.-Seattret Wutsitti.bnand weak% Naha kaki
entelkisig.dowa this morning, bit iss.ttl lii D laihnilihi*
in consequence of tbe strong S., W. oh*
l'OnTsithuto,.. AestiL V.—Aphid liplillajogra
ship kenos,. from it.creise • iand..the • NagllO4NA
allinerss,transposta, Isom Gibraltar and bligUe4 ORA
troops, and are pet undo, quarantine; elso.thodoa
tug sty; Blderkin, front caatowfor'Amsterthiroi.,.
Piumonce, APPAL. e C."; pArritpd W 14401yid
athoollep.*• Lark. trot a &alga.
Foiirta. Atm. 7.—The Schedner Yidilatitt, tirsitg
iiishoei.to Gediz, itekhhaf 1410 Ptrit hejlilf6o‘l►.
lora rimi of by a brig in let. 49,.:3..10ng!!7•.11..ritt
and Itsti,het botherksiAtc. ..t 1
DARTKOttilis At lr. - 1$;-'4"i n4i .114'
Christiana Ilanie,S4,lol4ll .to gollilettdito.Pult*
of boursphOsavins
.60ibis foal of.by ovitudoef
on littiiikiost, I(
*A
itteorini paths eftet sonkt
SIIMITSZA, 11.4414 Avec, 4V Ali
Lyme Regis to this. Aileen oh, Shore ot
Cofer' %Wan Saniklit Ciiitlithiti Rae, oh Mob%
day night, and lea coebtletsVitiock ;' ibtettirgo is en
tirely lost, and it is Ittibtad-thatirety little of the s'-
materials will-be Need.
Anti% fi.—;Arrittod
Smith, from Qatied ; alit Ann
Jotses' from Norry.—Sailed the
fold, fair Nevis and St. Rittio •
for Prince F,dwares. Island;
Cullen, and Comiserclal Packet,
burgh; Mary, Qioper, for Anikel,
rietta, Pontiff, Air lieoaeo ; -
Thompson, for Rotterdam ; _
'weeter ; Pomona, Scott, for
burgh; Alert, Joffe:, for GibtalL
Diatom, Gray, for Miramichi.
Tho Defence and Jepitet, from Landoh, Ora
rived at Bengal, gd December ; the Wettnistrlaild and
Wellington, from Liverpool, also 'dived' on 24 Dea
cumber, at Bengal. The Moberg and Anti has ata
Heed in the Downs from Liaboos
$ ; •

CONVICTION REII_,ARD,_

The Mil for repealing sock parts of several /trig
as allow pecuniary and other ratter& eft the toti-
victims of persons for highway robbery, has been
printed. After reciting these several Acts., It "etas,
that so much of the some as authorise the receipt and
payment of the suns of 401. on apprehension mud
cenviition of persons for the offences therein named,
shall be severally repealed, and that no.cartitiostil
'4ll be granted to any person who shall so apprm.
bend or sonviet any person guilty of any of said
felonies, to discithige such person Irtini Parish and
%Yard office, : and whereas massy penotta. at* de...
terred from proknollog pereeste guilty of felony, by
the 'sperm* and loss of tittle attending such prosecu-
tions, the Bill further 'netts, that the Court, beforti
which the 4,13 l tan places, shall be empowered, at
4..tups: Qi the prosecutor, to order the Treasarer
0; c.. 3 County to pay unto such prosecutor end Wit..
uenes, as 'well the costs and charges df the indict.:
!tient, as also a sem to reimburse them for the Ow•
pence, incurred in attending before the Grand fury,
and carrying on said prosecution, and to compensate
them for their loss of time and ttooble—said order to
Is made out without fee or revrard, and to be paid
is sight, by the Treasefer, to the parties:

Arrexevro Stumm—Yesterday morning, *beet
nine o'clock, beet. J. F. Harrington, late of the
Royal Navy, who for the last site *oaths has lived
with his mother, an elderly lady; in lodging's in the
Edgeware-road, attempted to pit a period to. his
eitisteuce by shooting himself with a plated. ' Ild
placed the fatal weapon against his side, and thd
bell passed throigh the ribs ! `The sound of the
pistol was heard by setne persons ib the house, who
instantly gave the alarm, end on preeeeding to the
onfortuns Gentleman's room, MI was found stretch-
ed on the floor, and bleeding copiously. A &trefoil
was immediately called In, mid hopes are entertalowi
of his recovery.
Yesterday Richard Turner, who lately made hie
escape from Newgate; was taken in Copenhagen.
'fields, and brought back to his old (leaders.
That notorious character Iliddkcbsub, who has sea
long carried on his depredations to the tetror of the
Inhabitants of the New Forest and its vicinity, and
for whom great rewards have been offered, is at
length taken. This desperado has long eluded the
vigilance of the officers, and had secreted himself in
a wood neat Plaitford, for some time past ; bet the
bostleeof 'the Shoe Inn, having by Ittategeds disco-
' tiered Ms retreat, has sucteeded in taking him.--6
Me is now safely lodged in Fishertoo
Sett Courier.)

No. 15,760, drawn yesterdays Prise 0109000, Mares
at entitled to ,e5OO in addition, was rold.is
at SttEWRIGHT4II Fat(Unit. Offittlfi where the (DIA
lerteisog Capitols have been divided into 80 Shares,. eed
all sold in the falter, drawn yesterday
-4. 1b,760 a Prize of £3OlOO
• • - Also entitled to . 500
• 5,178 • 1,000
it7lo . • ; *.• SOS •
9,147 r, . . dOP
7,091 . • . . : • . 310
V. 413 • .- • • . •
900
100
.'••• ' 111.5511 . • • • '• • • .
• i 1400 , ••• • , • . . 900
Tfilaatlettilfe Hold«n sear -receive the Motley 00
si.TLysta.ert's Meer..
. Si, . 144 Qtrord4treet4
•11; Holborn, X, liorsaiket.
EsCailecii. A eat t. 10+—itheat to dad in a Je-
tties of fin iiiilliteadity's Oritis.;-113145y at sidet%e of
Ids ($l4 apaaa,,lt• 111sloar,—la Owasso/ relief artistes asi
'•safrtifirlELD. liaitic Attu. 10. •
• ,
•. A'a 41*tlr 011,14pireame Sas..
lioa7 44. Qt.' ro as. 04. I , Jaime caw? Orb day I
aloha. ..4s. el. at. 04. Sd. Bahia • 4.... 610
Veld sgit Gt. •N. elbeepeettambi....... 400
, le Ir.
.04. Ohms ..... Jon
Web ....7....ea.' 94 ea. Pio 210
1," - • • .• .•
Kay ea. •eL se. 111. es. 134.
Clymer N. to 76 S.
I ' • brow' —. 91. 04: at. to Si. 5. 01.

.'

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~:
~~
..

direct Ilia 141—Lisiblv
Ann and 14
tYib goatirlosiStij,
• irslleasoCie Forster,
MN rehi4
004116 i,
thiii fik. 0094
Loiiroio; 'Unite 11.1;1/4.
'Susan and Carottla
Itaitijois- for
for detel Padre=
tailor and Matta; is