The Statesman.
London, England, 1818-10-16 00:00:00

THE STATESMAN

TILE diMERIGAN NATION4L BANK.

When it was in contemplation to establish the
United States Bank, a favourite argument amongst
its supporters was, that it would equalise the inter-
nal ezchanges, and hence much facilitate the com-
mercial transactions of the country ; indeed, this
feeling was very general amongst the best informed
men. It was also fostered by their Government,
who conferred particular privileges on it ; their notes
were made a legal tender in payment of tales and
duties ; they have the advantages arising from Go-
vernment deposits in alt those places where the Mother
Bank has established branches ; as an equivalent they
transmit the Government Funds from place to place,
when required, free of espence, and give a bonus to
be applied to the internal improvement of roads,
bridges, Ifsc. &c. Under those advantages and
disadvantages, the Institution got under weigh at
Philadelphia, and allotted to the Branches which
have been established, such amount of capital as
was deemed sufficient for the demand for dis-
counts, which were likely to be made upon them ;
adhering still to the favourite idea of draw-
ing end re-drawing upon each other, as the wants
of their customers required, and did equalize the ex-
changes foe a time. But they soon found that this
carried back the capital of the Branches into the Mo-
ther Bank, or brought a much larger capital info
them than was required ; and that it was necessary to
equalize this state of things, by the Mother Bank ei
Branch, who had patted with their notes or drafts
(although for specie), to look for and repossess them-
selves of them from those Banks into which they
had fallen; and as this could only be done with
specie, it entailed an immense espence upon the
Bank to transport it frem the one, which 'had
parted with its notes or drafts, to pitching. with
those which bad received them. In order to lessen
this heavy espence, they commenced charging a
premium on their drafts; this was, however, found
insufficient, as it could not prevent the notes from be.
ing transmitted, and producing the same state of
things. To get, clear of this drawback upon their
dividend, which had reduced them from eight per
cent. per annum to seven per cent. they have issued
the notice bearing (late the 31st of August, stating,
that the respective Branches will not take each others'
notes, or those of the Mother Bank, thereby cotton.
ing them to local circulation, and making the trans-
portation of specie at their espence unnecessary; it
roust devolve upon the individuals who have remittances
In make. Suppose, for instance, it was necessary for
Boston to retuit to New Orleans 1,0001. ; if bills or notes
cannot be procured from the Bank or elsewhere,* hit+
will pass in Orleans, the espence of remitting this
1,0001. in specie, will cost one per cent. freight, end
one per cent. iniurance,which the individual must pay
in place of the Bank. All accounts from the United
States agree that the Batiks are getting as much good
p per as they can discount ; we therefore cannot
dray, the inference that the National Bank is at a
stand still, because they hare deemed it their interest
Inlet clear of a heavy espence, by throwing it upon
the Public; they are like all other men, or Joint.
stock Companies, studying what they conceive to be
the interest of their own concerns. It is only a
National Bank, as far as they have a national charter,
and that the nation is a large stock-holder •, all their
Branches are separate and independent of the Mother
Bank in their discounts; the profits, however, of the
whole are adjusted in Philadelphia by the latter, and
divided amongst the Stock-holders. The discounts of
those respective Banks must of course continue to be
regulated by the wants of their customers; and with
a due regard not to let too much of their paper be
afloat at one time, for fear of a run on them for
specie; their issues are always checked from this
cause, particularly by the large quantity of Spanish
dollars which are wanted for India.

DUTCH MAIL.

[RECEIVED TILTS KORNIN6.]

FROM Till. FRENCH FRONTIERS, OCT. 9.—At the
head-quarters of the Russian and Prussian corps in
France, splendid preparations are making for the re-
ception of their blejescies the Emperor of Russia and
the King of Prussia, who will be present at the last
review of their troops before their departure from the
French territory. The news that the speedy evacu-
ation of France is decided upon has diffused universal
joy. It is supposed that the Russian troops will be
embarked at Dunkirk and Ostend. A report is in
circulation that some of the contingents will remain
upon the frontiers till nest spring, but this report
w slots confirmation.

They are now beginning in the French Army
the organization of the Ouija for the third battalions
of the different Departmental Legions, sed, of jim
fifth bquit drops for the Regiments of Cavalry. Se-
veral Officers who were not in actual service have
been selected for them.

HAGUE, OCT. 13.—We learn from Brussels that
the Grand Duke Michael arrived thereyesterday,and
proceeded to Aix-la-Chapelle, where the Grand
Duke Constantine was expected on the 11th.
Today there was a grand review near Waasdorp,
where, besides the members of the Royal Family, a
great concourse of people had collected front this
'town and the neighbourhood; the fine weather
greatly contributed to attract visitors, who were all
highly delighted with the correct mintier in which
' the troops performed their evolutions. We learn
that the troops iu garrison at Brussels, as well as
these in the camp at Ziest, were reviewed yester-
day, and that the camp will break up its a few days.
FISANITORT, OCT. 7.—Baron Von Vreutz Ber-
berich, Charge d'Atiairs of his Highness the Prince
of Tour and Taxis, has presented to the Diet a long
Memorial respecting the relations of the House of
Tour and Taxis with the Crown of Wlrtemberg, and
complaining that the Government of Wirtemherg is
by no means disposed to restore to the House of
Tour and Tails, or to the mediatized Estates of the
Empire, the full enjoyment of the rights and attri-
butes which are recured to theta by the Act of Con-
federation.

'the differences between the Houses of Lippe•
Schaumburg sad Lippe.Detswold base beta brought

before the Diet, and referred tea Committee for
etimination.
CIIRISTIAPIA, SEPT. 26.-114 Majesty the King
has resolved to defray, from his private purse, the'
expences of the making of the Norwegian crown, in-
cluding the gold, jewels, pearls, &c. as well as those
of the sceptre, globe, sword, arid staiidaid of Mel
kingdom, and been pleased to order that the Regalia
shall be deposited in the Cathedral church at Dron-1
theim, under the-care and responsibility of the Ma-
gistrates.
ST. PETERIBURGII, SEPT. 23.—The establishment
of German emigrants on private estates in Rom& has
commenced with good success. Upon an estate be-
longing to Mr. Von Kokosellin, 30 worsts from
Moscow, 11 Wirtemberg families have been settled
this year, who have raised good crops, and thrive
well. The Minister of the Interior takes much pains
to spread this kind of settlements all aver the Empi, e,
because this kind of colonization is of permanent ad.
vantage, as well to the settlers as to the proprietors
of estates, who have more land than they are able to
cultivete.

PRICK OF STOCKS THIS DAY AT ONE O'CLOCK.
Hank Stock 5 per Cent. Navy !Obi IU6.
3 per Cent. 1ta1.7411i India Bonds 9U p
3 per Cess.Cotwols iniii Long Ann. 191 11-16
so per Cent. gla ♦::cm-goer liol. YO 19 p
Lontol. for Ace. 7511 Ouinktta 3i die.
4 per Cent. 9331

THE STATESMAN.

LONDON:

FRIDAY, OCTOBER 162 ISM

TIH QUEEN.

The following is the Bulletin of this morning :
" Kew Palace, Oct. 16.

" The Queer: posed the whole of yesterday in u Mete of
greater ear than she had experienced daring a few of ih pre-
cedi g day,. her Ma-salmi has had a a•,od night, aid feels re-
Orbited by her sleep.

(Signed) " F. MILNIAN.'s
Iler MAJESTY had little sleep in the night of Wed.
nesviay, notwithstanding the symptoms of her dis-
order were much less violent then they have been.
The Physicians were again in alternate attendance
the whole of the night.
Throughout the whole of yesterday her MAJZSTY
has remained withoot any perceptible alteration.—
Her debility is again excessive, and no motion of any
kind is at all attempted, lest it should Induce a re-
currence of spasm.
The PRINCK RECENT arrived later last night than
usual ; and remained till nearly seven o'clock with
the PRINCESiFS ; when, having received the evening
report of the Physicians, his Royal Highness return-
ed to Carlton-house.
Sir FRANCIS MILNIAN* and Sir [lvory ['ALFORD
were both remaining in attendance on her MAJESTY.

It is said, the KING has latterly manifested great
uneasiness at the continued absence of her MAJESTY.

A Thatch Mail arrived this morning,with Papers to
the 15th. A report is in circulation on the French
frontiers, that some of the contingents will remain
there till nest spring, but this report, it is added,
64 wants confirmation." It will not be pleasant intelli-
gence to the inhabitants of these departments and the
French People if it should be confirmed. More
complaints are making to the German Diet by the
inferior Princes, or Mediatiaed Estates, as they
used to be called, of infractions of the Act of Con-
federation by the stronger Powers. The Prince of
Totto and Texts complains, that the Government of
Wirtemberg is not disposed to restore to his House
the rights secured to it by this Act ; and it appears
that there ore also diff.rences between other estates
from the same or similar causes. If Wirtemberg is
disposed to play off this sort of chicanery to the,
noose of Tour and Tasis, we are not surprised at its
feeling an interest in the dispute between the Courts
of Bavaria and Baden, for it is this very Act of Con-
federation by which the German Princes mutually
guaranteed to each other all those parts of their do-
minions which belonged to the Confederacy, that
Bavaria is now threatening to violate. Our Readers
bare seen the equivocating reply given by the B. '
mien Minister to the amicable enquiry made re..
spectsng the cause of the movements among (We
Bavarian troops. That reply, we have already
observed, appears to have been conceived in
the true style of diplomatic chicanery.—lt can ha rd-
lt be credited that the Government of Bade!'
Afield have called forth its military means with-
eet I full assurance of movements having occurred
among the troops of Bavaria, menacing its tranquil.
lily. The meditated spoliation is, perhaps, not yet
ripe for execution; and until the difficulties which
retard its completion are removed, the Bavarian Court

rinds it convenient to deny having entesteined auy
project of the kind.

The French Journals announce the signatore of
Convention for the Evacuation of France, by the
Plenipotentiaries of the Allied Sovereigns, on the
9th lost. The Monarchs themselves had held no con-
ference on the subject, but their Ratification would
of course follow the art of their Ministers. The
Journal des Paris remarks, that in the final adjust.
meta of the sum to be paid by France, she has ob-
tained a remission of 15,000,000 1. of her debt to the
Allies, besides the advantage of the discount on the
100,000,000 f. to be funded. The communications
an this subject do nut enatile us to satisfy the curiosity

.1.

4

L.

• t ,114

4st N

W4lenit must tit; felt 11;4 the
r,
mown; 165 millions of the French cootritliitions
see
to ke secured. We deer of no transfers to this country
et foreign stock to Ms amount. But wesuppose the
Allies are contest for take what security they cite get.
The Emperor in( AtISTRiA, who seems the most po.
paler of all the Allied Sovereigns with the inhabitants
of Aix-la•Chapelle, and the surrounding country, k
said to have expressed his regret that the 66 heed..
of trade" could not exist in the pressot order or things,
' end his disposition to ecccerle to the 46 only treaties
by which it could be established," those (oustded ye
46 the principle of reciprocity." Were these senti-
ments adopted and acted upon by all countries, mei
causes of war would not only be removed, but the
public revenue would be most likely to increaceorilk
the comforts and prosperity of individuals and con..
munities. 'The freedom of trade, so long oserlsolted
by lord CASTLEORADII, is indeed a most important
consideration ; and we are glad to hear that it he,
been noticed in some degree, by at least owe of the
Sovereigns et Aissle-Clrapelle, though that &ie.
reign should be the one who annihilated As
free commercial Republics of Italy.--It is ire.
possible not to reprobate with indignation and
abhorrence the mercenary cold-blooded calcula-
tion of seals and square miles which led to the ex-
tinction of the independence and prosperity of the
Italian Republics—to appease the ravening of the
Ro)al Eagles, that ;sere gathered round the carcase
of Europe, end clamoering with impatience fur their
prey. The Emperor of AUSTRIA had as little chirp
to Venice, that city of the sea, that halcyon nest of
tape, ty, as he had to a quarter of the moos); and the
King of SARDINIA had, if possible, still less title to
Genoa. It is true that these States deserved to bi
blotted Dot from the number of independent Sister,
if there was not Virtue enough left to regenerate their
Governments; but they were not blotted oat hems!
they deserved it, but because a great Prince and a
little one had taken a fancy to their territories. Free.
deem of trade, or freedom of any kind is, indeed, a
I chimera under such Governments.

There have been some more minimax), proceedings
and conflagrations at Constantinople. In the Fmk-
fort Papers, which have reached us to the 10th inst.
we have accounts from that city, by which it appears,
that the rebellious Jani•oaries had set tire to the resi.
deuces of those Ministers who are the particular ob-
jects of their animosity, and thousands of other
houses• were destroyed in the conflagration. The
personal presence of the Sultan failed of its usual
effect to encourage the workmen to extinguish the
flames; and he is said to have experieoced considerable
difficulty in making good his retreat to his Prlace. A
partial change bad been made in the Ministry; but
whether with any advantage to the state pf the public
tranquillity is not mentioned. PrepsratiOns were
making at Darkheim for a corps of Russians ex.
petted there on the '2oth, on their march from Fusee.
They were to be followed by a Bavarian coops.--
Their Royal Highnesses the Duke and Duchess of
KENT arrived at Frankfort on the 7th Inst. TIN
Report of the Military Committee was to he 14i41 be-
fore the Germanic Diet at its neat Sitting; after the
receipt of which, it was supposed an adjournment
would take place for some months. Sealed orders
had been tranamitoed by the Danish Government to
the subordinate Boards in all parts of Denmark, in•
trouncing some new regulatiou relative to the Na-
tional Rank and the currency, which was not to be
disclosed until the 14th inst.

It is stated in a letter from Manchester, which we
copy from a Paper of last night, that a reduction of
" about one-fifth of what the Weavers obtained by
the recent turn out" is to take place ; and that this
measure has caused general dissatisfaction, in con-
sequence of which several meetings of the Weavers
have been lately held. 'We cannot wonder that ges.
neral dissatisfaction should be excites' by a conduct
so directly hostile to the interests of the labourer,
and so collegiate(' to revive the elements of discord.—
The Weavers are that class of working men who, it
'is almost universally admitted, have been worst paid.
end have therefore the best claims to an increase it
wages. Can it be that whilst we have such state,
intents laid brifore us 'of the improving state piffle
Revenue as the 'Government Papers are now
teeming with, the manufacturer finds it im-
possible to armd wages to his workman suth-
cient to keep him alive ?—Or -are we to take this
state of things, as we doubtless ought, in justifies-
tion of the Master Manufacturer, who cars belle&
but little in the end from a reduction of his trade, ea
s proof that the whole of his gains are swallowed by
the State; and that whatever the labour and industry
of men may be, so long as the system of State ex-
fortiori std imposition ehall be continued, which thus
carries off all the fruits of the exertions of the corn-
, mollify to swell the hoard that pampers•iusury and
corruption, misery, endless misery, must he the
lot of the inferior classes, and dissatisfaction and its
consequences must prevail. It is indeed melancholy
to reflect, that the commercial improvemeo. which
seems to have taken place generally throughout Eu-
rope, should have )et been productive of little or
no relief to the workmen of the principal branches
of our manufactures. The cotton and the iron
manufacture do not afford the labourer the
means of independent subsistence ; and he is re-
duced to derive a large part of it from the Poor's
Rates. It is a strange sort of prosperity w 1 ear

MIMI

. 4

tbe great body of the People are condemned **—
privation awl misery. lint the cause is obviostiwo.
What should pay and support that part of the nhlti:
inunity who are the sinew, and the strength of the
nation, is wrung from them by tam, either directly
operating upon the necessaries of life, or attaching
with a ruinous effect to the commercial meatus,
which the general prosperity is promoted. The pry.
seeds of these taxes, instead of fostering and
rewarding native industry, eve dedicated to
the purpose of feeding Noble Pampers, *ea main-
taining Ministers in place, paying debts incurred tw
support ;this abominable system, or seat oat of the
country to aid the cease of despotism abroad. The
conclusion of peace found the Continent poor, hilt
unembarrassed, while it found this country posisseeed
of great capital, but loaded with an enormous debt.
Much of the capital has already found its way to
other countries, to animate an industry which is
clogged with few, or no burdens, and more most ne-
cessarily follow. Oar capital and industry leave
the most valealde part of our population are 'neatly
finding their way to America—bet oar debt end the
host of useless drones that feed upon the labours of
the hire remain.

-
A Ship-owner of Doter, it is Said, has contracted
with Government to bring the t roops home from Fresco
and the Netherlauds, in brigs and schooners, at the
rate of 41. 6d. per head.
In a German Paper, it is said, that Mr. BARING
has cleared by his different French loans upwards of
1,800,0001. sterling.
A private letter from Stockholm, dated Oct. t,
says, it was not a crown, as before stated, but a
golden plate, of 17 carats, and of the size of the bot-
tom of a plate, that was drawn out of the river Mo-
tele by a peasant fishing for eels. It is ornamented
by four or five lines of figures differing from each
other. One of them bears the arms of Sweden,
Gothlsod, and Poland, regularly placed one after;
the other. 0,, another of them is a male figure,
plsf-
ing the violin, while a woman appears to be listen.
log. Here nod there are enehaserl, green, red, anal
azure stones of a considerable size, though foe the
realer part unpolished. From appearance, it his
served es an ornament to some gentleman of the
timer of King Sigismond, which is the more probable
as it has a little hook to aespeod it by. The gold
is valued at 120 decals.
The Duke of GLooCtreza is expected in England
in a few days. Nothing bet the illness of the Queen
renderjng the attentions of the Duchess to her MA.
JESTII quite indispensable, would have 'educed hi•
Royal Highness to travel. He has greatly improved
in health.
By the arrival of a Gentleman yesterday, frisii
Paris, se Nam, that the alarm has become, getterel
among the English families, since the news of the
Army quitting has bre,' known. They are all leav-
ing the. French capkil. and selling property at a
great loss. On. his arrival at Calais that piste was
.full of our coentrymen, Waiting for pookoto-to-ern
them to Dover,

ley
The diamonds and other jewels worn by the Prin-
cess de la Tout and TAXIS, at the late ball at Ai:.
la-Chapelle, were estimated by an eminent jeweller
present, at the sum of 2,000,000 francs, which is
,equal to upwards of 80,0001. She is much admired
-by the King of Pavan*, on account of her superior
talents for conversation, her graceful figure, and her
personal charms. She is supposed to be one of the
finest women in Europe.
The Paris Pipers of Monday say, "The Lanthorn
of the Dome of the Pantheon has been illuminated,
lately, for several nights. This is supposed to have
been done, for the purpose of a new mensuration of
angles, preparatory to a Map of France, which is to
be formed by order of the King. During the two or
three ensuing 'ears. various objects between Suss-
burgh and Brest will be thus illuminated by corre-
sponding metro-geographic light-bearers.
POST. OFFICE.—The increase of the revenue of the
Post-Office in the last quarter, compared with the
quarter in 1817, may fairly be pet down to the dis-
solution of Parliament. The increased inte►nal cor.
respondence of the country during a General Election,
when the privilege of franking letters even by Peers,
is taken away for a certain period, must naturally
produce a large extra sum, added to the late increased
vigilance of the Officers in preventing ■ny commeoi•
cation in the form of a letter, being conveyed by any
other medium than through ts,e Post. Office.
LAUNCHING OF rus TALAYERA.—Tbis very fine
ship of 80 guns, was launched yesterday at the
Dirk-yard, Woolwich. Crowds if most respectable
spectators surrounded the dock es early as one
o'clock. The River opposite was covered with
boats. The vessel herself seemed crowded on deck,
and in all the interior apartments. Precisely at two
o'clock the Honourable Miss 'FOWNSIIEND (daughter
of Viscount Servitr) was conducted to the prow
of the ship, and a bottle of Madeira, suspended by
a small cord from tie upper part of the ve-sel, was
put into her hand. She flung the bottle against the
ribs, and called the ship Talavera. The boats on the
River hail in the mean time been ordered to clear a
passage for the launch, and the mechanical supports
being now removed, the Talavera moved off in the
finest style. The rapidity had increased so much by
the time she was all fairly in water, that her motion
Vas exceedingly grand. The mutual cheers of the
crowds on board and on shore at the same time, in.
creased the effect. 'Rs basic, of the Royal Marines
all the while kept playing Rule Britannia.
Sittings appointed to he held in Middles.: and
London before ihe Right Hon. EDWARD Lord ELLEN-
BOROUGH, Lord Chief Justice, &c. iu and after
:Michaelmas Term, 1818:—
IN TERM.

IgIDOLVEX• Lonnow.
'I hursday Nov. J 9 Saturday
Thurt.d•ty
Thurathay Vti Freda),
AFTER TERM.
Monday N ()v. 30 I Tucsday Dec. 1
A letter from St. Helena, by the last arrivals,
states the prices of sundry articles of provisions as
follow, viz :—A turkey, two guineas ; a goose, 255.;
a duck, 10s.; a dozen of eggs, ss. ; pork, 113 d. per
pound ; beef, 14d. Very good wine at 55.6 J. per
g Oka.