The Statesman.
London, England, 1818-07-15 00:00:00

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ledestittediftweitwesiamepoly piles:of
*ma tine security, of it; hitt I ha net itileir
Fre*lcfdiyat this iseaskut! It might add
41 any eue abate.
Richard Preston, Fag. a bt the ._
essamioed.—You.ake a barriater end cetiiiyiectir
'lons.
•• Can Oa state to the Coninstitile geheral
logs of the Usury taws, as tl‘ey relate
or low rate of interest ?That question
mend an answer to the "point i ellsethir
be it.fiaral rate of isterbit, or whethei:tfie
wrest skoirld .be lilt at large, to fie ibe
barman between the contracting pirtlet.
so ample, and *high branches itself Into
oonsideratiotira, respires great raftintenk
finishing the deflate& transaction+ 'tidbit
by the eatWatf.lottrest. In the first place;
ment, sod ibe rite of interest Upon the°
most not be put net of slew • secondly,
interests are materially iffecii;dby the conSideral
whether there shall or shall not be a rate of let
*fixed by law ; thirdly; it is to be considerild,
tlher society Is In such a state, shit piglets+
Wrested to make their own bargains rkSiiiiiing
roe of Interest.
• With respect to Goeeinnoenf4 that
.which would-be best left to the consideisk
House, end of Goterement itself,' observing
willie very obvious that local of money.
War and of consequent scarcity of mor
materially influenced by the. prevaittog
test of the day. With respect to the lab
nothing could be so injuries' twtheria a$
rate of interest without i !inns ; the •
would fluctuate from tr'n to forty boars
even more. The mischief of this slatem
able to any, except those, *lto liege e,
rience on the 'subject.. As a &OM
may ere stated, that lend: ia loco eiba(red
its value, by portion:, legyeies,:jointeret
debts, and other charges of OMdebts, siesta'
are of a fiaed amount, and swipe, deb
there is no fund fiir payment Wept reel
whenever sales should be compbiled
when the rate of interest is high, cud
the sale price is low, the.persOn ler sr,
petty is destined, would, as thirespe
present day abundantly proves; be left elm fly
no part of that which was destined for the support
of the paiscipal member of the family. to conset
quence of the great fluctuation which has liken place
in the value of land during the last five years, it will
appear that many of the subjects of settl•lnents; hefts,
and so forth, for whom the principal bouitty tivis in-
tended, will find, if they are campelleil to a aalti,
that there will be nu surplus for them ; final the value
or sale bill will be wholly eahassted by the debte,
portions, legacies, and other incumberancea of that
description crested for younger branches orfamliiii.'
Besides, any system which shalt °rosin° fragment •
changes in the value of landed, properly, %vitt% re.
sped to the number of years purchase at wbich is
will sell, governed as they are by the rate of interest".
of money, must be productive of great' inconve-
nience, and will tend, of itself, es a measure, to the
deterioration of property
.of qat description, and
will render my, far more reluctant then they are at
present, .to iiitest.their property ti
Commercial men are In a silestioll wit:mushy ix.'
posed to injory from the flOctuation In ther vilify of
money; es it Is governed by the rate ‘Y
becgains are generally oioded iiiecalatien;
the resell of the speculation may his'esieitaltiea matt
short time; and the merchant cask really judge wag:
ther it is for his interest, for that Itirtirolar (ranga.
action, to give or withhold the rat, bf interest witicia
is demanded. In 'this respect he ie very differently
circumstanced from the lasted pfrprietoe, *hose
capital being once embarked In-the purchaie *fiend
cannot be recalled; and firm the future of his pro-
perty be must grant leases of some duration; and. ,
cannot vary the amount of his rent with the 'actua-
tions in the value of money, through the malteds of
the rate of interest ; bat even to morelistiii end to
manutactarers it seems to be of importance .bat there
shouldlhe a limit to the tate dinterest of money ; for alt
experience,proves,the parties Ca ereryeasilyesa ketthele
contracts to reduce the cafe of interest fielnW the no. it
which is fixed by law ; but there is no rate of interest
fixed by la w,every contract becomes the 0,0+44 of a se.
parole and distinct bargain, sod one which, in many •
cases, will be attended with difficulty and oppreaaion. •
It will be the olject of the lender, as en individual;
to receive as large a rate of interest as he call obtain.
It is of course the interest of the borrower to obtain
the money at as low a rate of interest as prissitile.—
In the metropolis, where transaction lake piece ots.
a large scale, and where there Is a-habit of comma.
deaden among, thinkers, and other men of leading
character, there will be an undo/standing which will,
in a great degree, fit the rate of interest from time
to time ; but how is this standard to he communicated
to parts distant from the metropolis How is it to
govern the transactions between bee farmer lending
money to another, or a farmer lending money to a
gentleman; or how is it to influence a man in a small
town or village, from regulating the rote of interest
on his loan to tradesman and other persous who went
the assistance of capital to conduct their private. con-
cerns ? If a man must have money, the Wilder, unless
he. is very moderate in his views, will press upon the
borrower as severely as he can, respecting the rate of
interest. He wilt also (and this is very important)
attempt to bind him to keep the money foe a tints
.much longer. perhaps, than it would have been cob-
venient to the borrower to tetaio the money, unless
she necessity of the moment compelled him to enter
into that bargain. Ali experience has protest that
usury is committed by men of the most rapacious
character—men who hove no feeling for the distress of
others; and the law seems, by it, policy te have en-
deavoured to guard men against their own fully in
borrowing money. it seems more particularly to
shave contemplated the situation of yoeng men, just
entering Into life, the sons of men of large properly
having espeetancies; and also of men given to sp.•
culatioo, by way of gambling, or to live in ewes.-
game, beyond their means. In point of fact, thews
are the classes of persons, amongst whom Outfit'ss
transactional', and annuity transections being thee over
Jar usury, have taken place. Men of this description
will borrow money on soy terms; cootent to gratify
the moment, without looking to ersatagreeces. II
woold be MT cosy to recount isotancos drawn fro*

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iiisitsg MOW,— -,.. •
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AM, ithetbilf ' '
td the value
of the littlish ....,
otiyitheet !--•••
gehket bear:
or to the high
t teCtoll to de:. is
c thereObeid I 11
.fte ;tie of in. i
;11se tobjiet of
..
4. A siihjeet
into io enter • .
1 •
test in distill; 1
• I .
h are affected i• • '
tee; norein..
fd 'Weil debt; '
r, the Isn'lled
ettetiditrationi
r ••
lit of interest '
shfccild, trite;
tkions ran b. • .:,,,•... ~.'. ito
ritilitiing the
It a sohjoti ' 1, I
iiistion ~.1 thi .. 'sl 1
( •
.1
;ening only, It "
icy, to • i or of
a ,
im
re!..
ofmusti r
I t be
e..
1.• ,
potted in 'testi.
at le has! the
Salop of lead
penises.. sod • t.
!nig ind..nrrir.; .
oxtin4ise eipe- , io
oc.
I propo4llt..o if
I to ooikhalf of
Irk, ethrtgoge I,
* • I
liptiorq which
...i
lebti tile eshich • -, ti.l
eat Mite 004
dosing
°a time •
d epoisegnetitit t*
*boos the pro.
a•
pesiettet itt ad
•ft with !idle or

wee
km
lily

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of thii descriptiow
it life estates, or of
compass of three or
of annuities. The
rein. it frequehtly
the eldest son, when
Ir withholding from
ass Me•Strie of cum-
(ether in redeeming
the debts ' • bet it
.he l&w, thst Per.
end the simple geol.

be conducted better
!, or under the law
the rate of interest.
rest diversity of opi-
ined. The law, per-
armed its duty, when
either in fitting the
ag that thire shall be,
money. The rate of in-
,sidered as one of the
of value. It seems
the value of property
'ond which the capitalist
persons envied in trade
no rale of interest of
conceive to hew low
the country may fall
log die American war,
purchase; but during
which came under my
ter sell at ra lower rate
is far as tht parties en-
tired between them ;
rising from itiProved
lutes, are not to be
lion; but ground rents,
of property, which are
route, suffered a great tie-
many instances, at ten
of this description is
tent changes take place.
no distress arises from
rate of interest, there
of the subject, because
delicacy, would allow it, it
a long list of families,
tad 'distinction, and of
'e been ruined, or nearly
Illation% In fact, who-
, of landed property,
ircumstanced in former
nnense revulsion would
system which will put an
interest. Persons who
itch'se of land, seldom
iree anti • half per rent.
•there are instances in.
years, from the great
:he value of landed pro-
riving a much large rate
that is te.her the effect
(Wafture, and from the
the ware than from any
irsiestre bad a right
.to
laded int( via at present
that theY antiwar%
to-
per cent. from their Wrest-
snd purehaers made within
more likely' to. prodice
\bet rate ot interest to the

I Consider the situation of
.f interest, which will make
rate of interest of the day.
rpuld prove, that the land-
sititckly be reined bi; paying
ail per cent. while he derived
only three per cent. ; and
may be with safety, that
the amount of one half of
, that the landed proprietor
,pacitated from borrowing any
:he lend, when the rate of
per cent.
In mind, that the object of
I been to fie a maximum to
the general policy of this
)m the several Acts of Par-
time to time, to reduce the
'ely from ten to eight, then
five per cent.; and it is
!nee will prove, that the
ices of the coontty arising
In the funded debt, and the
Anent; will render it im-
thee that the rite of interest
that any means should he
Ate. of Interest. may be ad-
If. It wrest never be for
of the Usnry !Awe, which
,is tidier lb provide for times
ess, than for 'times like the
abundant. In an abundance
.fficolty whatever in obtain.
are reasnnable. -At the 'fame
lest amongst bankers in Lon.
.;e, never forms the least cri-
cerest on mortgagecisecorities.
Insactions in life, as they re.
rriages,, and the wills of per-
, thele affairs, it would be im.
of legal interest; as defined;
a proper provisions for the
itenance which- should be al-
their minorities. At pre.'
generally find at fora per cent.;
-emely difficult to Nino any pro.
reasonable withrint knowing
of Interest t which the owner
ibtain money. The' price of
Sce. ought to fluctuate with
allowed for those portions,
)nee, would be elthler too high
, nothing is more important in a
is that the prices of every (Meg
team as possible, fatber,than be
.4410, Most of the fnceinianfeticieU-
eisFperienced,liaii tiritieh from'
' If ft Were Iretiitipowikelt
ment;ViiiiilAVlo bag Suddenly I
to liffirefitie,ltifit Would be of no
w betiteisteuch
tercet must first change ; and as the

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sit
cheap in the prices of other things will follow unit'
at :e defiance; end in some articles at one time, mitt
1 itt ottresest member time, these continual illectuatiesa
multegiettey. the. opinion which men entertain of tke
Velar of pi °pet ty ; the price of labour, of provisions,
sad of *titer erect.'' ought, it) justice, to ow:teats,
rand must io effect flectuate with thichattge In the
role of interest. Particular cases may be put, ie
which comatuditiesmay be cheap, when the rate of
rate a intereseis high. ;this very cheapness of the
commodity may occasion a high rate of interest of
moneys It is a proof that there is too great a demand
for money. That merchants, and other persons who
have property, deem it more for their interest to
withhold their property from sale, and pay a high rate
of interest for money, rather than to carry their
commodities to e forced market ; but this is one of
themany circumstances which draws the line of clear
distinction between the siltation of merchants and
manufacterers on the one hand, and of the landed
interest on the other hand. Landed proprietors look
to permanency, not to flecteatiots and change.— •
They buy as a provision for a family, and to keep the
property for a series of years ; while it is the business
of merchants and others engaged in trade,
to eninge their property as frequently as they
eats to a profit, and to look at general results, ra-
ther than to individual . transactions.---With
them, in every loan, except it be for men in
eery distressed and insolvent circumstances, the
mere question is one of profit or. loss, whether
the transaction in which they are strut to envoys ill
jellify the rate of interest which they requited ire to
pay ; but the landed proprietor has made his bargain;
he possesses the property before he is 'placed in the
situation of knowing what rate of interest may be de-
manded from him, as the price of money he wants:
or he may be in • worse siteatiou ; he may have suc-
ceeded to en estate greatly incumbered, and to pay a
high rate of interest besting no proportion to the
rent,. would be ruinous in that mode; while to be
forced to a sale during the period while interest was
at a high rate; would by reducing the one, be still
more injurious. However, be must ultimately sell
of necessity, by reason of the high rate of interest of
money, unless some fortunate circumstance should
supply him with the means of discharging the debt he
had contracted on the estate. It will also readily
occur that the bargains of the most severity, respect-
ing the rate of interest of money, will be negotiated
on the one part, by young men, extravagant tenants
for life, or by persons having expectancies on the death
of relation+ ; and on the other part, with men whose
w hole system is that of rapacity. Men borrowing under
these circumstances cannot obtain loans from bankers,
or from other regulardealers in money. We h persons
of this description they have no credit, because they
have no punctuality. There is no hope, no certainty
of a fixed time of payment. These persona are,
therefore, driven of necessity into the hands of those
who prey on them, from the difficulty of their sites-
tion, or from the necessities which they have created ;
and when once a man embarks in these annuity trans-
actions, or becomes liable to pay a high rate of in-
terest of money, it rarely ever happens that he
extricates himself, bet he goes on from year to
year increasing the amount of his debt, and conse-
quently the amount of Ms interest. It has generally
happened, that the very persons who have fed this
class of the community with money; have eventually
been rained by their own system. There is scarcely
an instance of a fortune acquired and kept through
the medium of these annuity transactions. In gene-
ral, the party becomes. a prey to those who dupe
him with their expectations. About two or three
years since, there was in London as much distress as
can well be conceived among those persons who had
been in the habit of lending money on annuities. It
arose in consequence of the default and declared in-
ability of several persons in paying their annuities.—
It may be supposed!, that unless money can be obtain.
ed by those who went it, at any rate of interest they
may think fit to give, great inconveniences woof
arise ; but still greater inconveniences would arise by
suffering creditors to press on their debtors, and to
make so increase of interest the price of forbearance.
Till the American war, very few annuities had beets
granted. The distress at that period first gave them
a greater extent than they had before experienced;
end they experienced a still greater extent during the
late war; but it would be singular to trace the very
small sums upon the aggregate which have been ad.
vented at annuity interests; on the best calculation
-I can form, I should conclede, that one million of
money was never advanced in any one year at annuity
interest, and six millions of money were never
'owing, at any one time, on annuity transactioos.--
I form this calculation from 20 years experience, and
Ilhaving seen the greatest part of the melodious
which have passed in the metropolis, and it has been
'to the meropolit principally that those transactions
have been confined ; and also from having, its some
mode or other, been profesqonally eitaaged in the
knowledge of a great part of the transactions of ibis
description; and et the same time no point has ever
been mare wished by me, then to discharge myself
of engagements from transactions fif
th is nature;
but they have forced their way, fo
porpose of
advice and otherwise, and more frequently in wind.
ing ep the transactions of men who have Wee-rained
in consequence of those annuities.
While the annuity system shall remain in force,
there is in effect a complete mode of evading the
• Laws against Usury ; and if it be fit that men should
be allowed to borrow money at a higher rate of in-
terest than bve per cent. the system of annuities will
supply to every person, who cannot obtain money at
five per cent. the means of obtaining it upon any other
terms which may be called the market rate of interest,
atnongstthosee ho choose to employ their money in this
mode. But in an annuity transaction, there is this
peculiarity, that the lender of the money has no direct
Means of enforcing the payment of the intney he ad..
notes; contrivances however, are now in practice,
iby which this object may be and frequently is on.
forced, in order to prevent a ruinous sacrifice. Not
many years since, it was thought estreniely disgrace.
`firl by persons of reddpectibility to etneloy their money
'en annuity
_transactions, sod even daring the late
,war, the number of persons of respectability who
!'brought their money to that market, was very few.
1 If the granting of annuities were to be rendered,
illegal, and if the ovary laws were abrogated, would
not petsone desirous of borrowing upon landed end
other security, be enabled to borrow at a cheaper

• • b-' . ,
T_UF TA'IISO;MAN, 72"
-

rate ?-11epe esdiStaltriOreee Iltet an) -,
to that question, it:is 'quitw ulcer, .thet dosw,
.the. times of peace, and nbett_ money shall be
abundant, the tate f 'Omit ovould be. lomri
.
than five per cent. Every appearance raises
_kb!'
expectation* that the rate of intrrest i?, , motley:
would be very low. Under the, present spilt
th rate of interest of money it likely tit:fall*?
three per cond. within tW.Os ears.. 111/.. "MR,
seems obvious.: the Sinking .Fend alone matt fume
fifteen millions of money a-year into the menet mati
ket, and the whole landed interest 'mild not !Ott
up, in any year, on mortgage, money to that it
Let this system go on from year to year, and 4 Oki
be very evident that land will afford no demand'fopr
money on mortgage ; indeed, previous to the Co..
mencement of the French Revolution, when the Sin- 1
log Fund winless than 1.704 of its present amount,
money was so abundant, that it was impost*, to,
obtain securities for money. Bankers, and otheil
capitalists were, by circular letters, seeking srcori-
1 ties, through-every part of the kingdom, without be.
font Ptteriarlecmtcel; to ieh
liledaanvodeffsPthtrisme some
were e
money
iltraderfeoer if
i,
th a
years; and when it is considered, that the present
nineunt of the Funded Debt, and the expences of the{
establishment, esceed, according to the return to the
to
Croperty Tax, the amount of the whole rental of the
pii,not at.by lwei
atobtain
ingdom, it is quite clear, that the quantity of money
or circulating medium, which mast be applicable to
,the purposes of mortgage, is infinitely beyond that
(~which can be taken off by the landed interest; and
unless a great revival of trade, or some other parti-
cular demand, should take op the floating capital of
the country, increased as it is by the aliment of the
Sinking Fund, it is evident to dernonstratiou, that the
rate of interest of money must continually, during the
peace,and with a prospect of a continuance of peace, he
I reduced. In short, at a period not far distant, there
will be no menus of employing money, except upon
public undertakings, as was the case previous to the
commencement of the French Revolutioo ; but this
is no reason whatever for repealing the Usury Laws;
on the contrary, it is the very reason which, to my
mind, urges the expediency of keeping them its full
force. A change from peace to war would immedi-
ately invite the desire of calling in motley lent on
mortgages end similar securities, fur the pdrpose of
the speculation in funded property. This would
produce a great demand on the landed interest, and
those who held money et !mist, The war, together
with the usual change In the ealue of money conse-
quent on a war, would occasion a great and sudden
transition from a low to a high rate of interest;
and would force the landed interest again into
that state of distrese; which was so generally cape.
rienced during the latter,.part of the late war,
when no money on mortgages st five per cent.
could be obtained. It may be supposed, that after
this change in circumstances, money would still be
left on mortgage, if the borrowers would consent to
advance the rate of interest. That is nut the view I
should take of the subject as a probable result. The
temptation to call in the money is the expectation of
a large increase of capital, by employing 1.1.114 money
in the funds, instead of employing it at suitprest on
real securities; and it Would be impossible for the
landed interest to afford to pay that rate, which
would be a compensation to the owners of money
for the advantage which they could obtain in the
funds, partly by the advance of interest arising from
the war. and partly from the prospect of increased
capital in the advance of the price of the funds.
[7'o be continued.]

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Boit etts.—Ohtter, i octet:ft of being deatlVlt werviog 1
at his house in Duke-street, Westminster. He ez-
hibiis strong marks of his adversary's prowess ; but
he receives every hour the rewards of his bravery.—
Amongst those who have appreciated his gallant con.
duct, by rewarding his merit, are some Nobles who
whitened his game. lie ii about to have't Mlle
benefit. . t ~.-•
A grind pigeon match took plate en' basely
Heath, Olson, on Monday, between Meisra. Hol-
lingsworth, Gent, and Arrowsmith, of the Midgham
Club, against Messrs. Heath, Bennet, and George,
picked from three. counties. The match wai at TI
birds each. It was won by the latter by two' birds.
Gent killed 20 bird', !lollittgaworth 11. and. Arroi•
iMith It Heath killed l 8; Bennet IG, cud George
IL—telling siz to four on Midghem.
CONJCGAL JARRING.—Yesterday as the Ma-
gistrates of Union-hall were busily and serial's'', en-
gaged in the investigation of a case of felony, their
proceedings were suddenly interrupted by a shrill
cry from a female of—" Alt! • you villain, I will
never leave you." A young man then entered the
Court, followed by a, female of gentr4l appearance.
The man stated that his name was Lowden, and that
he was A tradesman at Bermondsey ; the female by
*hum he was followed was, unfortunately for him,
his wife,.from whom he was compelled to separate
himself on account of her violent tempeT:lle ellkiit
ed her a handsome annuity but not satialirl witli
that, she continually followed him and insiated on
having more: his life bad become a burden to him its,
roosequeuce• of her unceasing persecutions. The
Magistrate declined taking any part iti the dispute,
and the amiable !My withdrew, uttering the some
erclaniation as when she entered, "MI! you villain,
I will newer leave you."
Yesterday an Inquest was held at the White Beat',
Ratcliffe. highway, on the body of Sarah Johns, aged
It pais, daughter of Mr. J. Johns, of Ratcliffe-
highway, who came to her death under the follow-
ing circumstances :-11 appeared that the father and
mother of the deceased went out, and left the de-
ceased and her little sister, who i 3 turned of three
.years of age, in an apartment together .by them-
selves; it was evening and the youngest sister took
up a lighted candle, and said to the deceased, " SA -
rab, I'll set fire to your clothes," on which she did
set 6re to her clothes ; the deceased then ran into the
street screaming, and before assistance arrived every
morsel of her clothes, excepting ber stays, which
were cut off, were completely burned otf her back;
her face, neck, stomach, and body, were burned in a
dreadfel manner, and although every necessary sur.
gical aid was. rendered, she expired in the most excru-
ciatieg torments nn Monday night last. Verdict—
Accidentally Aorta to death hs her clothes catch'ihg
fire.

milminkal■•••-•--
I.*. ARIUS/V.4
• • --.0.-..:
_u_. •
Gettettiimr•-•"llretAit
citizens, armed Archei aid
Were AROitrien Wridb; tin
aid Wavd... valcluiewol St.,.
wit oliettuoting 4..._
of their duty. The-three guardians
le doleful story of the " Allister'
Refrindaols, and the ill.tieat
, met with from a " mob," is
;:pertioaletly active.
, Mr. Archer, who, durint the statements of the 4
Satilinilii, %Stayed leonsitieribity caulks 'of tropatt.,.,.4
mice and indignation, 'When-. called upon to answer A,
1 the harge, declined that-he bad never in his lifi,ii.
c
beard 'lnch a string ,at • gross faliehoetis so impw..sit
dently wtowed. Himself and Mr. Beshwell had beet 'I"
," celebratiug the Knity of Election" at the Crotter.4
end Author, and-Were returning home perfectly some.,
through Fleet street, when- they beard pie .r'i
-so
shrieks and-cries of " tieedren in a feasts 'velet4.st
fusuingfroar Kara-court. They ran. dew* the elm ' ':',
and had reached the house whence the cries s ' ' ,
to issue, when they observed Davis looking very
coolly from a Window, and .Ward and Sparks, with
other watchmen, surrounding the door, which was
fastened. lie (Mt: Archer)asked the cause of the
noise he bed heard, bat could get no satisfactory
answer;. enti•the cries still continuing, he teseetvest
he had a right to demand admittance. Upon tieing
so, however, be was assailed with the grossest abuse
froM the watchmen, who said he had oe business to
interfere, while Davis was vociferating from the
window, " It's all right." Ward, in particular, was
excessively insolent ; and anon remonstrating with
him, and demanding his number, he (Mi. krchev) was
seized by the collar, and dragged to the watch-house.
Mr. Busheell followed ; and, upon presuming to cen.
sure the hasty conduct of the watchesen, his honour
the Confab,' exclaimed, " Ob, master, we'll have
you is well then," and sent theta to the Compter,
where they were kept all night.
Mr. Bennet, a respectable' tradesman in Alden-
gate street, .a complete stranger to all parties, core
rohorated the statement of Mr: Archer, and declared,
that not the slightest Interruption was.offered to the
watchmen, who themselves (butted the little disturb-
ante which took place, and behaved with the most..
intolerable insolence. There was not the least ire.
propriety in the conduct of either of the Defendants,
hot that of the watchmen deserved theleverest cen...
1 lure. As to the " mrb" of which they had spoken,
1 it consisted, be believed, of shoot seven persons, who
all conducted theoletves in the most orderly manner.
Alderman Wuon thought that not the slighest
blame could attach to the Defendants, who were no .
doubt actuated by the purest Standees of humanity.
Mr. Harper, Common Councilmen of the Ward,
espoused the cease of the watchmen, and contended
very strongly that the Defendants had interfered im-
properly. He wished the worthy Mderman to order
them to find bail for their appearance at the Sessions.
Alderman Wools, however, weirs( a different opi-
nion. The testimony of. Mr. Rennet'' could not be
doubted, and after sich a contradiction_ of the evi-
dence given by the watchmen, he could not think of
holding them to bail. They were respectable citizens
of London, and Mr)Herper might always find theta
if he wished. ' *'''
Tbe.Defeillienteivete discharged, much to the 5.-
tisfactiou of all preaenr. The watchmen were fol.
lowering the sneers of several.
We understand that the cries spoken of proceeded
from s drunken woman, who had beeu•beaten by her
husband. • -
, ,rt• _
BOW-S,TSIST.— Intercity Thomas, Salton was
firsieglik lei. this ollice from Rochester, and under-
;went.,} long examination before Mr. Blltrste, the
Sitting Magistrate, charged with having in his post
'session Bank-notes which had been stolen from Capt.
Greig, of the Asia East Willman, while viewing the
exhibition at Somerset-house on the 28th of May
last.—lle was ordered to he detained.
MARLBOROUGH STILEBT..—OIivia Stevenson and Elizabeth
• name:, two respectable lookin.r girls' the latter of whom was
only 14 %ears old. were charged by Captain II nitwits with
robbing him to if very enioitlerable extent while in his service.
doting u few days' absence of himself and wile its the country.—
Part of the property was traced, and the Prisoners %ere fully
cumtaitted for trial.
. *
WIIITRY. JULY 12.—The Ant, Fleming, of Yar-
mouth, from Shields to Yarmouth, ran onAiihittry
Rockiest. night' bat wai got off again the following
tide, mid proceeded.
The hnnonr, delicacy, -end 16violahle secrecy con-
nected with the Medical Mired for the care of pay
wailing diseases, :re manifested from the public con.
fidence it has squired. Since the Medical Board he
been established at ChirlOite• Amite; Great Charlotte
street, illaikftlars'-road, and Wooditock-street, Os
furtl.st rept, uprterds of Thlity Thousand Patients e
both *saes have been restored to perfect health, man
of whom had lingtoted for years under the most peinfr
I !Asti eliltioate &eases, were pronounced incorabl
'.11140 inptetabte pi'actitteners, and several discharge
'.teii Hihiplials., Sod are the .effects resulting fro
ihnbilitta 'talents ! !—Messrs. COOPER and Co. i
Medical and Surgical celebrity, after forty years et
'Oriente in this Metrepolis, are consulted daily
both houses until trio* at night, and the poor ha,
ilitiviCi, gratis, on Tuesday, Thursday, and Smut
,'ldotoings hritff twelve o'cloik. Patients at adi
'titre., disairltling their case, iminediatelyattentled I
:AO lettets:tri he directed to Charlotte-house, Bloc
frisrif-road, but none ate answered which do not co
lain I consulting fee.

----
COURSE OF EXCHANGE. Ttiaitoae JOLT 14..
Antsterdatis, $6 10 II 2U. . ! Leghorn. Mi
Ditto, at sigett. 15 4 Genets, 47}
Amsterdam, 41 II C. F. Matta, 50
Ditto, at sight, II $ Venice, 25
Rotterdam, 11 7 2 U. Naples. 44
Antwerp. 11 9 ev 11.1. Palermo. 128 per oz.
Iciarnboraii. 34 2,2 i U. Lisbon 59
A Rona, i 4 4 U. Oporto, 55
Kiri'', 3 Anys's 'lett, V 4 VO U. Rio .latteir., '67
Ditto. 34 10 Iv. 1):111410. 11 per Cent.
11sturdeati a. II 40 Cork. 11 per, Cent.
Frank on the Maine.l4-211 exann 4 gin Of rite I*ank oh Dollar
Madrid, 34 effective raring-al Arad, in Coie, 4
47iteliz, 34 ellectivo 6d. per oz.
Ililltan. 34 . Gold, in 11ar,,k41.1..Gd.
Seville, Ilfti New Doll/twit:Ts Id.
Gibraltar, 34 Sit. er.i a lials,sla Ward. to

. •
1"14 DON s Pente.4 se* PV44.I*.A •nir D.,11,0•
STAlvriog.tm Or rim tio. I, 11414114ary-coot, F egt-s[

Y .
. ,
, .
*chilli practice, In which persons'.
have speirt the whole valve of their
their sapectancies, in the short ci
four, years, through the medium •
mischief does not end with their I
Implicates the whole family, and tl
• be becomes adult, is sacrificed by
him.any cleans of subsistence, as
petting him to concur with his fa
the annuities and discharging
is to the general policy, of th
liament would hawks regard; a
kl lion is, whether society will b
t ,
violet a fixed rate of interest,
*4 Web shall altogether abrogate t
'Diet is a subject on which a gre
sawn, may be, and are entertain
taps, may be said to have petrol
it
*crest o
as , ilorn emtohnaety winhuiscth is
be right,
consi
ratio( interest, or in declaring
me legal rate of interest for mon
best and most certain measures
to fix a point, below which tin
swill not degradate, and beyond
Shall not teat be industry of pea
and commerce. if there be Tic
money, it is bardlylpesiible to
* price the lautled,propestt of I
io times of great disown. Darla
' estates sold as low as ten years
6. the late war, in no instance wl
notice, did landed property eve
. .
than twenty years purchase, as
derstood the nature of the cord
4 . for •adantegeoot bargains, -sr
rents, and other similar dos
breoght under this coosideratio
houses, and the like species of
i purchased for the sake of iiscom
preciationvand were sold, Jot n
years psalmist; and. property
theca which the most frequer
, . 104,5h0l uld be supposed that r
anpeity transactions, or high
etatA• be a want of knowledge
•
i if-professional duty, or dillies(
would be easy to enumerate a
i • of very considerable rank an
very large property, who have
. ruined, by this species of tans
f ever• understands the nature
kiiowing how it has. been ciri
tiaiesOnost see tbit, an ;mai
, 9 talk* place by the ciange of sy
end to the limit .of the rata of
Invest their money iis the put
A obtain more than three or thr
fe/ that money. Although •I
which, during the last thirty
. ~
change which took place in ti
perty, many persons are ditch
i . of interest for their money ;, t
of a change of sytem ie. agril
great demand occasioned b 7 ti
( . expectations which, the. part
form ; but looking to the pat
I as a body,. it cianot be said
woo of more than three per
i )
meat of money en land, an(
1 , ithe last ten years nits op
Oyer rate, instead of a hiVit
purihasers. • in.,
Now let the Caitlin*
the; fluctuation id the telitisof I
.
pa or seven per cent, the
rm
A very short calculatiou tee
ml proprietor would very stel
interest at the rate of sit p
. .
from the land, as the rent, •
i • ::1 when it is considered, ss,it I
A , the land is encumbered. to tl
its value, it will be found, t
•
. .1 , would, in effect, be incapaci
. f . money on the security of II
Interest was high—sly six r
ft is, always to be kept it
1 the laws against usury has
.
. the rate, of,interest ; and tl
country, as is evident from
i liament, has been, from di
rate of interest progressivel
to six, and ultimately to
1 most likely that esperiei
1 change in the circomstanc
from the great increase in
'.
expenditure of Governs
periously necessity, rates
should be reduced, than
etiorded by which the rai
1 • • 1 !aimed even °cosier sly
gotten, that the ohj e- r
t fixed the rate of interest 9 is
i 1 • of difficulty and distress,
) present, when money is al
of money there is no diffi
.
ing it on terms which are
time, the rate of interest
don and on the Exchange
terion for the rate of int,
. Looking else to the Iran
i 1• 1 specs settlements on mar
i sons who are arranging I
possible, with the rife o
to make reasonable and
rate of interest or main%
let - ' • towed to children &trio'
sent such rates ase-gerre
Y but it would be extreme
vision which would rt
. what is the highest rate
\
) ) of the estate can of
schooling, education,
( . the rate. of interest . ( , •
otherwise the allowan
or too low. Besides, I
I 1 country like this, thee
•
' N
should be kept as'sta
r
.4,
• continually fiuctoetasi
which have lately Opel
the fluctuation of Wei
s,
man or of Gov...tithe*
i
change with the relii,ill
. , consequence what wise
.i as the rate of interes
t
i ' \
`\
• ' \
•..,

NOMMINIMPIPM •
61•94
twe
Bu4th,ell. were broodkt
lived by
..tlehOfeth. Pieit-striet,
ling thew le the execotitm
guer!lianotd the uhilit told
bv4efer' c'emilict of thc'tt,
tr
ieatesont they theetedeis
Is ikid the latter yew tt
lq
- I