The Statesman.
London, England, 1810-08-30 00:00:00

ly dispatched his Grand Master of the Horse into
Asia, to hasten the approach of the troops; there..
foie the army of the Grand Vizier will soon be pat
upon a respectable footing ; and it is believed, that
the Seraskier of Nista, iihovehid Pacha, is in a
state to resist the Serviane, and even to occupy their
attention. Varna has b.cn supplied with provisions
by sea, and several friiates have been sent to pre•
vent the entrance of the Russians to this coast. The
flts:t of tile Captain Pacha, cousistiug of two three-,
deckers, eight two-deckers, and titre or sue frigates,
is ready to put to sea. Reverses have determined,
the Porte to actieity in all dispositious. Commis.
caries have been appointed to procure provisions for
the troops who conic (ruin Aikiatiople and Varna,
and we arentured that on the conclusion of an
extraordinary Couneiluf State., the Grand Seignior
has resuirejl to attend the army.
HAG*, JuLit 24.--ln all the Russian Ports in th
.aryls have been put upon the cargoes of al
iicutrat vessels.
Pest, Ix ILUNOARY, JULY SO.—The Paohas
13penial beet received fresh orders to put all the 4
sdisposable troops into motion, and to render
posat4e all inch as may not'he ilvsolutely necessary
to guard the frontiers, iu eviler that they may im.
mediatoly joie the Grand Vizier. Similar orders;
have beets received in Macedonia, and in Albania,
and they are executed with equal promptitude as iss
&IM', although the Paellas of these provinces do
Alit exhibit ultsels conliality or attachment to they
cause of their Master.
- If:avers, Alms I.—Transports of cotton arrive•
lore daily, Which are conveyed by water Old land.
carriage through Wiliam, and Omer*. They also,
eum.l.tbentreli. Bosnia, leit the last channel is open'
pahr-in Summer, and not entirely certain. The:
.p ire of cettun is nevertheless rising rather /ban
failing, in consequence of the nomerous ortieri from'
'ranee, Switaerlattil, and the North. Fitie'thaltit,,
eeptmelly that called Kirkaja, is in great reqiielpf.
As the Porte has given orders to shut the strait. obp..
rosite Conelmithiople,, it cannot any by
brousht by Qless4.ty t ••.tes.;
•
. • •it Sermon.
E*GLIStt COOI6IOE. . „ .
p(flaitTUL rua.tcisrs.J•
•
lIAMIIURGUI AU.. 3.—Since the anion of Rol.
land, the magazines of ildigoland find no longer
any vent, and arc quite chuaked up; the quantity
• merchandise whistle is last is inconeeivable.—
Every moment we see new magazines formed, but
ale are' full, and most of the bales remain in.
packed. This example Is singular, and skews to
*lsat a degree the distress of England extends.
Under this point of view, it eannot be doubted
that the union of [Wised is a terrible blow to
the commerce of England, and it remains to be
asked, why that measure has been so lung delay-
ed? It is.evidint that if Holland had hello for.
ailed), united, England would have sooner expecte
gncctl flu: hot sible crisis is se hich her commerce .is
now ;sliced. Bankruptcies succeed each other in
Leyden. Her Exchange loses 40 per cent. and her
Usak paper has ceased to possess the character pro.
per to that kind of paper, It is now only It
per mosey, which is every day farther disettailted:
Twenty vessels of was, with OW roolebanteoti,`
have entered the Baltic, having no othei.ohleet than
to smuggle and deposit the cargoes of thile *hips on
Ole Colitiisent. The Popes have captured 5(, the
cargoes of which are estimated at above 20 millions.
The Ruesiaus have confiscated more. that $O. These
Ttioels sail spider (Ate colours ; they hero fitleopo,
pars, false destinations, and false French licences ;
ibez roll tlieinselves Americans, Spaniards, and
Hamhtir.;iiers ; they have even false certificates. er
origin fro si French Consuls. They stick at no-
OA* ; but all this only succeeds is part ; aml if, as
irrepcseted, Prussia carefully interdicts the entraitce
of Colonial produce; and if French troops occupy
kecklcnburgh, *here English merchandise basalt;
good a market, and where the cutstraliassil trade is
carried on with such activity, English commerce will
experiene.: by these measures new obstacles.
The Wngram privateer has just been captured
by the &swish in the port of Stralsund. This cis.
eeeletersee will prove still more fatal to their coin.
tierce, It atfurtle the retrial the best reaAuns for
aOA taV.in; possession. of the. asts of .this country,
nd in future the combed will traders be pin-
reed with mere certainty and greater safety.
Wbeu %se hear in our commercial iseuees what
passes. at Hs/Noland ; when we recollect thatall
those artiele•ef mereheadise, the osseahalf of which
most be necessarily a pure leas, and the other half
of which is destiesuldo be confiscated to the profit
of Fiance and her Allies—that all those hasty ship-
moots which remain beano:hip in depots, aithwit
being-sable to' And their'wey to the Cadtioent—t hat
all those hazardous speculations are at the same
thee diaeosostrd by the Bank of London--weess mac
saes the vast crowd of Ottion its vessels arriving
*eery day on the coast of Fraiice and Italy, loaded
with colonial produce from Malta, to be signed to
confiscation, and to add immense resources to
France; mad when one considers at the same time,
that those same articles of merehandize have
bees all discounted at London by the tiank—:—
whets, I say, we consider in our counting-;oosser
all those circumstances, we naturally plc what I
is this paper of the Bank of London ? Is it
paper that can bp exchanged fur cash r ;it
is impossible to realize it. As a proof of this, it
Is now at a discount of 20 per cent. Ic it a papcil
that can keep sup commercial credit, and that haw'
not already gone beyon l its natural limits 1. What
is money ? Money is not the representative of ca.
pilot, but the representative of the usufruct. 'lf'
we suppose that two millions are necessary 'fur
Oircalatitin of France, it is that the produce of the
land and of she revessues in France requires the an-
ployavent and movement of two millions; but if,
lastedd of specie, we had only paper.money, and
lostaad of patting is circulation the amount necei-
wiry t represent the value of the usufruct, we
wont,' put in its room a mass of paper, 'represent- I
WI the capital of the territorial .value, this paper
would nut acquire any greaser degree of value, but .
weld gradsalty lose, tittle fell to the rate owes.
sac ter ciseulaliun. Such is the history of the
asf Mta of France, and such the analysis of
what to now felt at Vienna. I'ho quantity of pa-
per emitted does nut augment the sign 'of the Mr:
calatioa, because the intrinsic value of the sign
i;•:• .
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