The Statesman.
London, England, 1811-10-03 00:00:00

aTO THE EtITOR OF THE

SIRI cannot refrain
prize at the al trently

whickyou; and several Other
ported the proceedings
Bank of England at their

Hati that body no iienter ,
cerns of the nation than itu

tion, its concha& might, perhaps,
priety, have passed unnoticed, and it would have
been well for the country. But at a tithe when its
faithless promises to pay have been multiplied to such-
an extent, withouf any th?ughts of performance—
when these promises too, worthless as they ire, have
superseded the current coin of the realm, and it is yen-
red a capital offence to rate them below their pretended
value—can we, I ask, be expected to regard such an
establishment and its meeting with unconcern ? lie
must understand little, I conceive, of the affairs of
the country, who does not see that this Bank is a
ready engine in the hands of the Ministry for ;lively..
ing us in those scourges of our nature, Unnecessary
wars, by supplying it with the factitious means of an
extravagant expenditure. Formerly Governments
timid it prudent to consult those means before they
embarked in ambitious schemes of warfare ; or, being"
itivolved, they were naturally brought to a close by
empty coffers, and a diminished revenue; •however
despised in that hey:diy of &Jr fortunes, the voice
of reason then obtained attnfition. But we have long
broken loose from such salutary restraint; we,are de-g
luded with resources which appear to be Inexhausti-
ble—for we borrow from futurity. While the Bank
affects to give validity to the transaction by paying
the interest of such loans in further issues of id
notes—notes which will no doubt be liquidated,
when the national debt is discharged, and when
there are no men to be found who prefer their own
individual aggrandizement td the prosperity and hap-
piness of their country. But, situated as we now
are, 64 on the verge, nay even in the gulph of bank..
rnptcy," is it not worth while to record the proceed:l
ions of that Body, which.has been a principal cause
of our embarrassments; and from whom we halm
to dread an increase of our difficulties ? In its pe-
riodical assemblings to divide the profits of its ope-
tatitins, are we to be told, without noticing it, that
those profits have annually exceeded seven hun-
dred thousand, pounds, while its unpaid notes con-
tinue to increase in quantity, and to depreciate
on our hands ! I cannot imagine you will think so ;
nor will you, I think, deem the following extract
from the speech of one of the Proprietors, Mr. Cur-
roan, unworthy of insertion. I hate it from the
Courier of the 20th inst.; and the unpalatable state.
meets therein- made, whithots the Reporter says,
occasioned 44 disapprobation dnd hisses," stand alto-
gether nnrefuted. The Governor, Mr. PrAnse, to
be sure, declared himself 's* *ell acquainted with the
opinions of the meeting, that he did tab; forsooth,
deem the statements worth a refutation !

" Mr. CIIIITFORD contended, that the issue of the
notes had been excessive, and that until reduced, it

would be unavailing to issue silver tokens, since
the k r4:Afing depreciation would always destroy
the equilibrium between them and the paper, and
the evil ni:v so generally felt and coMplained of,
the want of small change, must remain
The emission of every single additional note operated
to raise the price of Bullion, and of all the tiecessa-
riei of life. The price of the Qnartern Loaf was now
16d. If he had it guinea and were to purchase Bul-
licin With it in the Market, he. might afterwards buy
Bank of England paper,. and b 7 this circuitous
Means procure the loaf of Bread for 134 d. * This
was a sufficientillustralion a( the fact of depreciation,
and the interests of the Proprietors of Bank Stock
were injured no less tha the interests of the public.
Mr. CLIPFORD stated, that the dollar Token was now
sou) for Os. Id. and declared his conviction that
the Bank-note, now worth only 15s. would soon
be worth less, and that the present condition of
the affairs of the Bank bore a Strong resemblance to
the South Sea scheme; and that if the Directors con-
' tinned to act on their present wild and absurd princi-
ples, the bubble must at length Ithst in the same
way.--(Considerable disapprobation and hilses.),—
Mr. CIA r ORts gave the following stanza of a ballad
written in the year ri2l, about the South Sea scheme,
; than which nothing, he said, could be more appro.:
priate to our present sitwttiOn.
" Five hundred milliona, notes, and hoods,
Our stocks are worth in value,
But neither lie in goods tior hinds,
Nor money, let me tell ye.
Yet, thongh our foreign trade is 104,
Of rpighty wealth we vapour,
When all the riches that we boast, •
Are flimsy scraps of paper."
But it should be observed, that *hen Mr. C. speaks
of the interests of the Proprietors of Bank Stock
being injured by the depreciation of its Notes, he
must forget, that as the Bank cau now'buy up its
Notes, which it issued at Ws. each, with Bullion at
the rate of little more than Iss. it is so far from being
a sufferer by the change, that its profits may be ens
hanced exactly in this proportion; and that too at
the expence of the public, who are the real holders
' of those Notes during their depreciation.
Liverpool, Sept.2l. ALGERNON.

The quartern loaf in Dublin, for the presnt week,
is Itid. which, at the present rate of exchange, 90.
is about I Id. English—Flour 70s. per sack.
Quarteru Loaf, London . Is. sd.
-----, Edinburgh - 1 2f
am0mmim.............6....., Dubin • 0411

• Ocrosal 2. . •
.-Sailed on a eimise the Hawk, -18 gins, Captain
Wyndham ; and the Yang ward, 74 guns, Captain
Glynn.
Came Into harbour the Porcupine frigate ; and the
Cumberland, 74 guns, Captain Waller Otway.
The Dominica, 18 guns, Captain Hoekings, in the
late gales of wind, was driven into 15 fathoms water
on the French coast, and drifting very fast; when
theythrew a large sail overboard attached to a long
hawser, which answered the end of preventing her
drifting.
PLYMOUTH, Strr, 30.
Arrited the Prosperous, Lee ; the Hannah, tt...
iciier#l; Minerva, Pearson ; Palladium, Adde ;
~,r4fasy' Crozierl all from Quebec, with timber, after
hl,Posuge of 28 days, being part ofafletet consisting
lof about 50 sail, under convoy of his Majesty's brig
Thracian 9 of 18 guns, Captain Symes ; this fleet
was separated on Tuesday last hi a heavy gale of
wind. The Thracian and, the remainder of the con-
vey are supposed to have passed up Channel. A
fleet wisextrected to sail from Quebec about 15thinst.
for England. Also arrived the American ship, Indian
Packet, Michael Farley, Master, from Charlestown,
with timber for the Dock-yard • the Prince William,
Wm. Williams, Master, from Cork, with provisions ;
the Sybille frigate, of 38 gun, captain Upton, front
the coast of Ireland ; Helicon brig of war from a
cruise; and Fervent gun brig, also froM a cruise:

OCTOBER, 1.
Arrived the Dryad frigate fiom a cruise on tile
coast of France. Came down out of harbour, and
anchored in the Sound, the Niemen frigate; and Re-
cruit brig of war.- Arrived the ZI/orthumberMnd, Ni-
cholson ; and tiannah, Elderton, both from Quebec,
with timber. Mary Ann, Barry, from Dungarvan,
with provisions and oats, bound for Weymouth, ,is
very leaky, and will be obliged to land the cargO.
Arrived the Heart of Oak, Wells, from Wales, with
timber for the dock-yard ; and Lord Vernon, White,
from Neath.

DEAL, Acr.l.. • '
Arrived a fleet of about SO sail from the weit*ard,
under convoy of his Majesty's ship Thracian. Put
back his Majesty's ship Berwick.

°cid Br ft 2.
Arrived his Majesty's ships Nymphid and Far.
titian from off Flushing; the Rapid schooner with
convoy, which are sailed for the 'Liver.

FALMOUTH, Szrr. 29.
Arrived the Speedy packet, with a Mail from the
Brazils, and the Queen Charlotte packet, with
Mail from the Leeward Islands. •
Sailed his Majesty's ship Rapid, with a convoy for
the Davits ; and the Rota fur the' coast if France.
Rear-Admiral Sir Samuel Ilood,:lin the Owen
Glendower frigate, put batk to Lymington yesterday,
owing to the bad state Of the weather. He will sail
again immediately for the Bast Indies, as the Weather
has become tine.

BRIXHAM QUAY, Ocr. 1.
The Marlin sloop of war, and the transports,
haring on board militia men for Cork, still remain ;
also, - his Majesty's ship Sabrina, for Lisbon ; they
Will sail the first fair wind.
SHEERNESS, Oct. I. „
Arriied the Belard, 74; also the Castilian stoop
of war.

This day his Majesty's ship Solebay was commis-
sioned by Capt. Curry, late of the Roebuck ; she has
been rose upon, and is to hoist the flag of Vlce•Ad-
Miral Murray, in Yarmouth Roads.

OCTonEll

Came into harbour and passed by for Chatham, the
Grampus; 51::
F4tract of a letter from Newport, Isle of Wight,
dated the 94 Instant :—" The 4th battalion of the
60th is lying at present in Newport, waiting for the
milling of the West India fleet, which, I understand,
does not take place till.the middle of November.—
They are principally deserters from the Frenc. , and
are stout robust fellows. lam told there are about
3,000 men in the island, of Regulars) East and West
•
Indid intments, Militia, and those in the hospital,
&c.—N. 11A vessel arrived yeiterday at Cowes, and
an embarkation of a few.recruits for Portugal will
take place this afternotin or to-morrow."

GREENOCK, San. 29.
Arrived here on Thursday night, the Robust, Lan.
dells, from Jamaica, in 8 weeks—eh the 4th ult. off
Cuba, spoke the Jamaica Planter, and Lord '
linglon, from Jamaica to London-26th, lat. 35. 48.
long. 62. 10. spoke the Coliimbiss7-,---, from Cadiz
to Virginia, out 56 days, all well- 17th Inst. lat. 50.
long. W. spoke the fustina, Of and for Nor-
folk, from Liverpool, out four days, with loss of
three top-masti and sails, in a gale on the 16th inst.
and Supplied her With a top-mast. Left no vessels
leading for Clyde.
The Mary, Reid, arrived here on Thursday, from
Jamaica.--sailed on the 20th July, under convoy of
his Majesty's ships Elk and Sparrow, 27 sail in com-
pany. The ships harmony and' Autonio, and brig
Rachel, for America parted on the 17th Aug. in
lat. 31. 57. ; the Lincoln of Leith, parted 7th Sept.
The Juno, Main, of Aberdeen,. hound to London,
disappeared off the Ilavannah, suppos.ed to be taken-.---
the Ocean, Parish, from llondurs, was taken, and
afterwards retaken by the g/k. The Middlesex,
Black, was M the fleet for the Clyde.
•
SCOTCH 111.4(1t8.
flow/We Whnrf. Jrrivell. Salts. •
M'Dolr KWh), Inverness 19Sept 6th Oct.
Forth (Tolloeh), ditto 28 6, —4, P. M.
Rose (Tod), ditto 6, —4, P. M.
Juno (Sinclair), Baia 28 10.
hlutchleso (Baldwin), I chit SU 10, 74 A. M.
Swift (Young), Mmitnise St.) 13, 10, A. M.
Fame (Clgrk), Inverness ' 30 20, = 9, P. M.
Hope (llotion). Leith 1 Oct. 19. —lO, A. M.
Dispatch (Lynn). Dundee I 1 6, 'B, P. M..
MlLLift'S Wharf.
Sprightly (Sutherland), Lela 1,29 10. 9, A. M.
tiroughty Cnsitle (Mania), 129.
,1 5, A. )16
Tree). (11oftlninID. Leith 9$ 6, ,
Ded.ece (Watson),), Dundee 1 Oct. 110, -• 8, A. Y.

()RIPE fit•S TELLIbaIVA .
. „I
.•„
. Octk_letvalse measure in ceollsOchaied
rispecitleg in.,altertition tile' Icadnmic
deldhishen-Commoners, by the addition of
• their caps, will, it Is believed, bs duly
conifideiation in the, approaching
,term.
concourse Df yonng men who are eiery
Fellow-Commoners at CattilSridge
probably. to the superiority of the dress
- the, consequenf•comparative paucity
ommoners at O,ford, a mattes highly
. ,
tletrimental to the principal members of that ()nivel...
sttyl. imperlo'usly for the speedy enactment of
some regulation, whereby at. once her respectability
Andrthe prosperity of her rulers may be both increased
•
and secured,:, and whereby. also she may be placed
somewhat more in a• State of equality with the sister
seat of learning, in the Only respect in which au ac-
knowledged superibrity.does not already exist.
SPORTING INTELLIGENCE
• NEWMARKET FIRST -OCTOBER MEETING, I 81)•
TUESDAY, OCT. L—(Fitat Yam.) • • One third of a Subscrip-
tion of 9.5 gs each, for 4-yr old colts, Bst. 101b..aad M11e,,,t.
71b. D. 1.
Mr Lake', eh, c. Breslow (walked over).
Lord Sackvilte's Fan, Bst. 91b. beat Major Wilann's Antelope,
rito-yr old C.. 109ga. b. ft. 4tol OR Puts.
I IfiranaiSSOA Y.—Fifty Guineas, free for any horse, ite. 4-yr olds
tarrying 7.1. 4lb. 5-yr olds, Bst. bib. 6-yc olds. Bst. I/Ib. and
aged, 9st. B. C.
Mr. Vansittart's ch. h. Rurleigh, 6-yrs old
Sir ). Evelyn's b. c. Cas.sander, 4-yrs old 2
5.t0 I on Burleiglt. ,
Lord G. It. Cnveodish's Eccleston, is. Illb. bait )4fr. Aa-
dreW's Morel, Bst. 51h. Ab. M. 20tigs h. ft. fro 1 air Ec4lNtini.
One third of a Sobscriplion of 250 ends, fort•ysekteloits, 84.
91b and Bat. 61b. D. I. •%-
_. .

• 4-.oiirsakel,,

. . .
s)r C. Baubury's hr. c. Rival .
.• 1
. •
Duke of Grafton 's br. c. Nimrod 2
Mr. Lake's.b. c. by Sorcerer, out of A Wert* dattlands 3
Lord Urpsvestor's b. f. Flarrosa • . .. 4
Mr. Wilami's h. c. by Sir Solomon, out of Tolteiella 5
3to 1 apt Rival. Ito 1 ogst Nimrod. 6. to, 1 Opt torceter.
Slnl ag i Barroom. .

,
Yesterday, a Court of Directors was hold at the
East India House, 'when Captiiin Duoszn *Doti-
GAIL, of the ship Tigris) took leave of the Court,
previous to his departure for St. Helena and Bengael ;
and the undermentioned Captains were sworn into
the command of their respective ships, viz; Joni
BOYCE; of the Conti.; MATTHEW Rios* .of the
Thames; BASUN°, of the Welord; sand Jo•
NATHAN BIRCH, of the new ship building by Messrs.
DAVIES and. CARD.

According to the latest advicci from India, Lord
MINTO arrived at Madras on the Oih of April, &oil
Calcutta, on board the 111,rnington, accompanied by
-the Plicenis. his Lordship landed the same day,
under an appropriate salute, and was expected to pro.
teed immediately to join the Expedition.
In consequence of the active preparatiois on the
enemy's coast, it is expected that orders will be im-
mediately issued to the Volunteer Corps to hold
themselves in readiness to assemble under arms, at an
hour's notice.

In consequence of the new regulation regarding
the shutting of the Exchange precisely at half4ast
four o'clock, a. ,considerable number of Gentlemen
on Tuesday last were shut in. They became out.
rateous, and made a violent attack to foreetlse west
door. One more active than the rest, as being en..
gaged out to dinner; tvas interrupted in his , violence
by a beadle, who mas shut in with them, when he at-
tacked the poor old'man, and maltreated him exceed.
ingly he was fortunately rescued 'by wine of the
otter Gentlemen present.
There has been a rumour in the political cirClesfor
some days past of a serious dispute having arisen be-
tween Lord IVELLEst.Ey and Mr. PERCEVIL. It is
differently *reported. One account is, that Mr.
YORKE being diSsatified at the iniult of having Mr.
Roarnt-TuoaNtiow ut upon him as Marshal, has
expressed a wish to quit the Admiralty—and that
Lord-War,Lest.EV vas solicitous of having his brother,
Mr. WELLESLEY POLE placed there, to which Mr.
PERCEIAL strenuously objected. Another account is,
'that they differ as to the means of carrying on the
war.

. ,~.

0 `Ali • • `, • .
.. .. - ""....7.11111 t." •-•- •
' ENGLANIJ ' NAVAL LLIGENCE.-
~
UNIVEk i
• . ,PORTSMOUTH, °cr. 1. . . Oirostis acitt
)f. THE STATII4I,tIf. 2
ast °term,
.etispra
n frail's ftpressing my stir- ,
:-. Arend at-St. fieten4i.the Chiamrgh blociadlni 1 • ~. '•
vlpinikes; Also, arrived the ,N.yaden • frigate, an. dress of Gene**
a silver tuft in the
leery Imperfect meiner In, 491/otiodess slore•ship, with. convoy for the Atediter-
)ther ally Paperak laye. re.• iineani, from . Cowes RoAds ; bonsinira., 18 guns, taken into consie
of the PreprietOrs of the' Captalq tlociings, from a cruise, in which ,'she suf- ' The vast concou
dr lite Ruirierly Meatini.' fered* much had weather, as obliged her to throw year athnitte4 as
ter share
- her gins overboard; the Vanguard, 74 guns, Capt. (owing most ptob
in the general wil. Gtyna, from the squadron off Flushing; prune, worn there), and
was inteudell as its institu. armed en Atte, from the Downs ; and Badger, 18 of Gentlemen-Col
:, perhaps, without impro- guns, Capt. Manby, from the eastward. detrimentil to the