The Statesman.
London, England, 1810-11-08 00:00:00

1 Ht.'. STATESMAN..

I

I

rat
On" of THE ST4 FES miev.

dancers which threaten my *minify
end of sods terrifying magnitude,.
'll owl rvfraiu from endeavourkening, tfellow,
hrough
,lisawri uf rut Paper, to awu ray
tut KW or their situation.
ets

4- ig has nearly completed his.deetgn of
vat kit
0;4 to absultste colt t soul ow the Continent.
b r placed tinder the command or. one of
mks I.' "• - •
0 .ncra,,,,. French troops will soon enter Swe.
la• s eintielves to the Sweats ermy. IS
el ""' te
• g that; with a F; each and Swedish
0 °two s
oe .itle of Denmark, and a French army
Y.' n
theother, thy I;e ..il4O of DESSIARII must holt re.
10 the humble situation of i Prefect, obeying
V fitly the commands of Bonal, A ATE Z . The 1
c
t en side of this island, froin the North]
wa, earn
icatised to the South Foreland, will then be:
rod to insults trim the opposite Continent : and
of end navy requisite to protect our easter*:
et wet this enemy, cannot be inconsiderable.
,iii not attempt to form conjectures on the pro.
bk /delis from the present contests in Spain
iyintogal. Yet, even supposing that we are
let, relent BOW AVMS'S* from sequitin: the ab.
at dominion of the Peninsula, Ireland must re.
• opera to invasion • from French armaments,.
(Mitten Brest, Toulon, and the intermediate
,s. Now let es view our situation at home.
OAR established a circulating medium of paper,
taptence of which the eirtistlating medium of 1
adios disappeared. Every article .b doubted in•
sin, and the Exciaanga.with theCotatiment 1* 1$
0 aat. against this country. Oar Miabteei,,
hen they proposed the ettablishmenti of Pe*.
,orri; in February, 170, were warned that.then
paseriences would necessarily follow. They were
hired to turn their attention to the paper-money
if America, and the *signals of France. They
ere asked, whether In both (hate countries the rise
the prima eommbdities, and en unfavourable
change, had not been the consequence of the es.
aliment of Papor.money t Actuated burro.
ee and temerity, Mr. Parr ridiculed end LO UP.
thus who presumed to give this opittleti. but
pai'•ie mind Is now hrotight back to good
ne, and no man wilt now pretend to deny- that
the iscreased pkkes of eommniitticr, pad thir unfa.
lovable exchange with the conetae.nt; are the con.,
!avow of Paper.money. A. thanksgiving k.
now ()Feting to the Almighty for a Wiliest enitsci,d,
Illy abundant. During the whoti.of tholiforene,
year, there havebeen vast im portages's Or Cria, fttsei
the Continent ; and during the lot ele .welekti,".' the
IMpOrtatiorta lane been so greit, both fro, rennet
rod from the Baltic, that tam assured that it is
difficult to find warehouses„ln:Which the corn ("kW
hedeposited. Yet, notwithstending this abuntlailt"
.
Novo', and unusual inverted:wt. the. trochef*
bat is at fifteen 'pence—to 11114:901;t4Yr.*„.14111'.
bated, but to Paper.tmusey. Sea incireaseditixatiotiii,
I leave it to the admired-AM:10 left Mt Pare 40
apn.ftiun the causes. :Ate Iv '141,..-rghd44l4l:::::.
anfasoarahle escharrobib•,, .1k; .I.'-ns• --X-77.A--ri.
-,-_,.+ •
hall Committee, that,. tri 1773 i t *ratings bev
came unfavourable to thit Cift#l, byt,i, tir
Weight of our Gold .Coin vins—toupd to . be
diminished. The geiness in circulation, which
Ilsgitt to have weighed flea penny-weights eke
grains being in general reduced to the weight of
fee penny.weights five grains. A re.coinage- was
visely resolved on by the Ministers of that day,
and the Exchange with the Continent immedi.;
Mely became favourable to this country. Now
it, in 1773, the Exchange became unfavourabley
because the guinea was reduced in value from filial
pennyweights nine grains to five PennYordights
lite pains, can wo wonder that ' the Exchange is
Saw unfavourable, when, instead of receiving five
Pev. vy.wcights nine grains in gold, the holder of a
foreign Bill of Exchange an only receive paper'?
tut it will be said, he can carry: that paper to.
~
trarket and buy commodities. Yes'; but he mist
buy those commodities at - an increased pt ice, tit
Proportion to the depreciation-Of the paper : tlins I•
in example, he must buy lig' twee of bullion
fee four pounds ten shillings, which, in coin
or the British standard, is intrinsically . worth 1
oily three pounds seventeen shillings and ten.
peace halfpenny. If an Englishman its France
bad, beforo the stoppage of the Bank, appliedl•br
a B"lter for gold for his bill on England, for. out
hundred guineas, the French Banker, if- a man of
integrity, would have given him one hundred times
tienty.five francs, font sous, deducting only "h'''
biseibin, &c. Why would the French Banker have i
di
f'no th' ? Becauie, while the ()mace of bullion
In Lightid was to be purchased for three pounds
at_ aenteen shillings and ten pence halfpenny, the
BM on England for one hundred guineas would
hare purchased, for the French Banker,as much
gold
as was contained in ono hundred times oven-
ti'6" francs, four sous, of French. coin. But
now, that the price or bullion ii increafed frula
three pounds seventeen shillings and 4!!
~.penew
halfpenny to four pounds ten ahiilings,
the
Irrek
1.1
all'4
er will naturally 'say 1 ha ,tbe ..EngliPlameliw
st v
i nn
must give .Me 11, -O. 4.llElagland - fk•
%ore than ono huedred iiikaillolll ;trit ab le ralidt
Lai python itv England Aiii: your bill' of -
igitulrtd guineas lh• ellifinfliPl6o4 Of .1"161)3.1*.*:

.

contained ita.the coin•whieh I am no* delivertittto 1
Toll.," Titw, tho rate of exchange mn st necessarily be.
comeonfarourablaim that country whose circulatiag
medium is depreciated; and it may happen, that from-
the dcpreciaon of the circulating medium, the
exchange may become unfaveurableto that country
which experts more than it imports. This did ac.
•
tually happen jo this country, In 1773 ; for, on the
.ftl-e°rti-llet the earbangrrost the Continent beeante
evory *here in our favour. I hate stated this sub.
hatitegn if a }circulating medium of Paper RI the
• ptide,4 GOI4 nail• the consequences which hare

followed fireatiitv from the hope of exciting men in
power to cue der whether the evil cannot, in some
degree, be cbieked. Ido nut flatler myself that I
can suggest measures which may avert that destruc-
tion, which, j fear, hangs over my 'country ; but if
that destruction can be delayed, it will be a bone.
fit. The destruction cannot he averted, but by the

entire change of that systmn of injustice, which has
rendered as the ohject of hatred to every nation ;in
Europe ; 'and neither the adherents of Ministers,
nor the adherents of Oppncition, desire the tetiai:
nation Of this system'. B 4,re IL state those mea.
sures, the adoption of which might serve as a pallia-
tive to our present sufferings, it will be necessary
to remark the difference in tin, character of the
Bank of England, such is it now exists, iAltee
',February, V 707, and that which it held ante.
cetlently to that period.--Antecedently to the
aink Riftection Bill, the Bank of Eagland

Masted kohtly fur the support of commercial
credit. Weanld not long hare in circulation more
papist POW the market demanded ; fur If it is.
seed maritliper than the market had occasion for,
'the paper was carried in, and gold demanded. in its I
stead. This' as a natural limit to the issue r: ,
. baul.pspers ile the Bank retained this its origi-
nal .charisefet if it issued its paper only on good
emninerelat bills, and those at the short date of two
months,- it!nould nut be exposed to danger. The
advances toGovernme,nt was a deviation from the
original character anti , institution of the Bank.
It was frost-the immoderate advances mad. to Go.
vcrement, and above all, from its circulating the ac-
temcnodation.peperofGovernment, ender the name
of. ilmohnrgh bills, in 17th, that the Bank of En.
*laud wits rediteed to that wretched situation which
was diaelniedi,to the public is • February, 1787:
tiiiin Ehe lido that the Bank Restriction Bill was
~. : .-
piped,.i the Bank of. England assumed a new chi.
teeter; it no longer existed for the sole purpose of
ippprktitig etimatercial credit, it existed as the main.
epilog of the new circulating medium of. paper-mo-
ney.. tie maxims which had regulated its Conduct,
iii le` it existed only for the.support of commercial
credit, were not applicable to its, new character.
'Vie narrow.oleetadasge4theasseatJeinen who have

direeted the alleitdmir the Bank has peeveuted. them
from seeing thivelliferettee of character, and their
duct has produced tench prejudice to the coon.
41. I will now state the two measures which I
akiltike.Bank ought to adopt :-
414:: 'The Bank ought to throw into eiretijation
seven.shilling pieces and half.guitteas, as
they be sufficient, with the silver in circulation, to
cueble the retail trader to Owe ready change for a
one pound note.
Stl; They must discover some means of giving as.
sistanoe to every solid country bank which may
happen to be exposed to a temporary pressure, anti
with this view, they mu,--4 depart from their' usage
of advancing money on securities, only for the
short period of two months.
I am aware of the various objections which may
be made to these two measures. But if those ob.
jections are fully examfeed, and maturely weighed,
I think, that the most ceinplete and satisfactory
answers may be Oren to them. Bat I fear that I
have already taken op too urge a portion of your
valuable Paper, I will, therefore, defer the discussion
of the two eyesores which Item) recommended to
another oppurtunity.

VETANIUS.

There it another candidate for the Governorship
of Cold.batit.fields; the election is to take place o&
Thursday nest. The Magistrates ore divided about
the eligibility of Avis to he re.appointed,
The exportitios of live leintber to Margate has
considerably diminished, as the Watering pieces are
deierting daily, since the commeucement of the us.
'favooiebte weather. '.• • •
A fillovi about five feet eight incites In height, ofl
a sallow complexion and beige whiskers, has lately
been successful in obtaining money from unproteet.
ed women of the better order, by pretending tube*
Sheriff's Officer, and taking them temporarily into
custody, by presenting a fictitious writ. This.sys.
tens of imposition and fraud:voopractised• to a con.
siderable extent. until oheitt,fisor years ago,• w hen
an offender web transport* A female of the name
of Wright, residing in poimsstreet, oirord.Sired,
was visited by this pteteteamtofficer on Fristlafeven.
ing ; he took her into ersetotty for • debt, or esi.
which she really did owe too Mr. Brewer.•:. hems
eleven o'clock at night, and the supposed. officer
expressed regret 15 being obliged to take a 'lady,
from her home, but it was inconsistent to think of
laking her word for her appearance the next day
without a pledge. • The fellow gave the address of
a real officer in the neighbourhood of Chancery.
lane, and left his card ; he was £hen put in posses.
sion tbf about five peuods worth of jewellery, and
clothes of the same value. A female of the name
of Smith, in Margaret.street, was defrauded on
Mode), of 101. worth •of clothing by the 'same!
oteattiv'and there were yesterday two ethos
tkjeigafraimitar nature.-
•;; '

;-~-

GSRM'AM PAPERS.

. .
oigmEE FOIL THE GRAND DUClly PRAr.t.
FORT.
"'lire, Charles, by the Grace of GU& Prince Primate, Sic.
" Ily desire of his Majesty, the Emperor of the French,
King of Italy, Protector, &c. we have decreed and do decree'
as t'ollows. Th it to
" ART. 1. All Newspapers, whether French or German,
published in our Grand Duchy, shall cease no the Ist of De-
cember, of this year; aod we hereby revoke the privileile
granted them. .

" 2.. Franklin. Ist of Jetwanry, 1811, only one Mehl Nei*
paper shall to. published in our thief-city of Frankfort, and ail
other political print shall appear throughout the whole terri-
tory.
" J. This official Paper, shall bear the title of ' Gazette of
the Grand Duchy of Frankfort,' and the articles contained,
shall be inserted hi the French aild Guinan I:tugunges.
" 4. Our Itlinistessof the Police 3hall appint the Editor to
' the Official Gazette.
'•5. Our Director of the Police at Frankfort, .4:!:.n he the
Crowe of this Official Garde, and 'hull be :.nsiserabir to as
far its conduit. Oar Ilioister of Police shall communicate to
i the Director those instrtsetirnts ly which he shall be governed.
" G. Our itliniStert of the interior, of Justices and of the Po-
' lice, are charged with the due enforcement of this Decree.
I(Signed)
" Frankfurt, Oct. 16." " GHLRLLS, Grmrd Duke."

WEIMAR,. OCT. 17.,-Yesterday the following 1
Patent was pnblivbed here :
" We, Charles Aiugastut, by the Grace of God, King 'of
Sasony, &c.
"Since it has pleased hb Majesty the Emperor of the French
is aisatouniente to us his wish that the new Tarot of glades
'uµnt► colonial produce, of timbals August, adopted le.** 40-
minions, should be introduced kilo oar royal territories ; and
since we are emniticed of this measure to liberate the Conti-
Pent from the yoke of England, and,to encourage the cintatmp.
tionof the internal products of our kingdom, which shall dis- ,
place and reoder unnecessary all articles the produce of the co-
lonies of Great-Britain; uud considering the great advantages
'which have already arisen lathe Confederated St -rtes of the
Abby, we have been moved to order that the Tarif of Trio-
non be adopted throuJiout the duchy of Saxony, arc."
TUltictsia FRONT:niI, OCT. 10.—The surrender
of the fortress of Rudschuck has spread universal
dismay throughout the Turkish provinces. It
seems that a resistance of great length was expected
by the Grand Vizier, but the Russian army, under
General Kaminsky, for a week previous to its fall,
had bombarded the place unoeasingly, and at length
succeeded in taking it by storm, when a fore; of not
fewer than 60,000 of his soldiers entered in two
directions.

In the fortress, it is stated by the accounts now
received, were found more than SOO pieces of ar.
tillery, of large calibre, besides others, and an im-
mense quantity of ammunition, which has rendered
the conquest of mach greater value. Provisions
for 40,000 mess, for two months, were also ob-
tained, and in the arsenal 90,000 stand of artns.
The trophies are incalculable. The pi:risen is for
the greater part prisoners' bf war. Sere(' Pachas
'log their lives daring the siege.
One hundred anti fifty thousand men of the Turk.
ish army at schumla, under the Grand Vizier,
have retired some leagues to the southward, waning
the advance of 'the victorious Russians. A dread-
ful battle is on the eve of being fought, in which
neatly 400,000 mess will be engaged.
At the time of the fall of itudschuek, the Grand
Seignior -4sta. Constantineple, to- forirattt-lbe.
suppliewof stores and men expected irons Apia.•
The Itussian fleet has pursued the Turkish ttotil.
la almost to the entrance of the Dardanelles; where
it has taken sitelt4r. Tkry -are now complete mas-
ters 9f the. Black Sea, sod might almost bombard
the capital of the Ottoman empire.
Sctt.us, Stn. 9,8.—Tw0 English frigates ap.
peered before Itudi, in the province of Capitanati,'
and sent on shore a hotly • of men -a ho, however,
'were soon diapersed, or taken by the people. Three
of the enemy were killed, and two of the prisoners
were taken in an extraort:inary manner. •
The conflict had scarcely concluded, .4hen .a
puchin friar, who was returning to his tioistcr, met
an English sailor armed with a musket, who had
lost Ids way. The Capuchin perceiving that the
i;Eaglishman trembled ezccedingly, sprung upon him
end curried him In triumph towards his convent.
On the read he met another Englishman without
arms, who begged of the friar for quarter most pi.
teously. Thus the holy father, with the musket on
bis shoulder, and his two prisoners before hint in his
convent, repaired to the Prier, and with much joy
informed him that he hid taken two Protestauts.
46 It is but Ceasunablo,” stye a letter detailing this
curious circumstance, st that the friar, who only
hoped for his recoiapence In the, nest; Omit' nut
go unrewarded in this world." ' k

• -___
LAW INTELLIGENCF.
COURT OF tCINCIS BENCH, Nov. 7.
JOSNSON AND ASSIGNZI 01 .VILLIIII3, v.IItALVE.
Mr. Serjeant lisaLou attired fuca ale. to 'Wien,
i.eatise why, the verdict in this Coo should not be
set aside, soda new trial granted,. The easecame
on to be tried,at Bury, before Mr. JusiiCe
land the following were shortly, the circumstances
olf. it. Villiers had purchased from the Defendant i
ra (awky of growing tiroberl, part of which, he
' had cut and carried off, previous to his 'banking&
cy ;• and on this event taking place, the remainder
was Oanned by the Dafettelant,; onfilegroiinif that
as to it, the sale had not boats colaploks.d. gcljing
on his right to the remaining part
,of tka tinbr.r,
the Defendant.caused k tti.:becut dowviinifi:C4irted
awny, and it, waainy4ligyalustit(the timber 'loci',
k tied off by Aim that I heAresent
There way no 'precise evident's. as, to the value trt!-
the wood, but it was estimated at 8004 and if was
in proof that the persons employed by to .Doi n•
dant had been three days ineareying it. away. The
Learned Judge instructed thes.Jvy that the Plain
tiffs were entitled
,rtv their verdict. Thr). Jur y
cortlingly found fur the Plaintiff, but with only vote
*halidig damages. This, the Learned Serjeant stab,
mittvtl„ wase roast outrageous Verdict.
Lord Et.t.tneoaouon asked, to the event. of
how 'stony shilling,* wits then,. prod of any actual
damage Z The Plaiutilfs had brought forward a very
loose ease, which had pvrpipsed the Judge. sou
Jury, allurdias them no evideuce of the extent .of
the damp Wearied. Ht aajbt lr euditaft IQ
tn trial, anti tblep ftit tit sall'9tiat id Au
f* a oc
•