The Statesman.
London, England, 1824-01-03 00:00:00

Ot *tattlintan.

SATURDAY EVRNING, JANUARY 3, 1824.

STOOK EXCHANGE, 12 o'CLoca.--Consols opened at S7l,
with little doing, hut since the morning they have rather dr.
clined, and treat present Mi.

Thursday having been a strict holiday at Paris, we do not
expect that any Express would have beets dispatched from the
above capital on that day.
Finnic:4 3.-0 wing to the rise in Consols, all foreign
securities are getting up, as the public feel it their interest to
purchase Rusbian,Prussian,and Austrian Bonds,for which they
receite 6 per cent. The above securities are therefore pow in
great demand, and es few of these bonds are in the mar wt,
Ito . per cent. is Riven above the market price.
New Spanish, 171-011, 253—Colombian, 301—New Aus•
trian, 4 to 3 prem.—Chili, 721—Russian, &if —New Prussian,
,91/12 ex div—Old, 91—French Scrip; 4i—Poyais,

We cannot be supposed to be very partial to the transac-
tions of the Stock Exchange, to the battles of and
Rears ; but there is au infatuation in the Foreign Markets,
rs specting the fir famed bonds of Colombia, which asto-
nishes us not .a little. The Congress, it will be recollected,
by. a decree, which ma le its appearance in London in
August !sat, declared null and void the contract of Mr.
Zea—and referred to the Executive the power of ascertain•

ins, and of lirpildating that portion of debt '
which the Government may have contracted; by
appropriating some part of the supplies sent, out. It
most decidedly, and in the strongest languago of repre-
hension, condemned the application of the Logs to the
payment of the debentures issued by -Mr. Zee., Obis that
time to the presint moment, the Contractors hat% by re.:
petted statetnents,•assured the bottlers of* these secu-
rities,. that the Loan would be ultimately Tali.
fled, that the decree would be modified by the
EKeeutive, and a public meeting of the bondholders was
adjourned, to await the derision of othet branches o! the
Legislature. :A full confirmation of the first decree he.
now arrived ; the decision of the Congress has passed into
1a law, and these rotten securities have fsllen i per cast. It
1.
is somewhat remarkable, that the Agent of eir Contractoe's
i has been silent on the present occa.ion ; 'eery sue of his
! predictions has been falsified, and he has had the pru'
dance to forego his habit of divination when so damning
a document most have accompanied " his speculation.—
Our recommendation to the present unfortunate holders of
these securities is to look well, to their interests. It is
quite impossible, we think, that Mr. Hurtado, the ex
petted Minister, will act contrary to the Lsw of Colainbia,
and a most riAid investigation of a transaction so suspi-
cious, will be instituted on his arrival. We shall return to
this subject on the first convenient opportunity ; for we
• are convinced that we shall be effecting i public good by
1 sifting this affair to the bottom.

Tie New Times adverting to the protligiout•and con- ,
tinued flow of British Capital into Foreign Secrrrhies,
reiterates its constant complaint, " that while million upon
million is flowing from Britain to enrich every other part I
91 tise 'Weld, Iceland .alone is overlooked." The natural
laws which • regulate the employment of capital, are so
l'opadyable.eo:,Yowerful, and so well underatoOd, that no
efforts of,any government, or motives of individuals. can
divert largel4inases 'of capital out of their natural
`CoOisr. llisikiii.. sill, 'flow to where" it iit of • the'
:roost ralUe, snit Capital trill be employed Solely on Awis.
,calculations-the amount of interest or otretnin, and the
Erasure of the 'security. The extreme cheapness OF labour
in frilarid, with its thousand natural advantages (LW the.
establishment of mac nfactories,wonld ensure a large return ,
npon the-employment of any capital, and consequently
the. only • reason why " million upon million,' tag'
the New limes expresses it, does not noir to Ireland.
instead of • to France, to Austria, and even to the,
• distant regions of .31esico and Colombia, are that the laver
and state of society in Ireland afford an inferior 'protealots
for capital invested either in commerce, manufactories, of
is agricdltare. Who will lay out large sums to improve'
a. soil, when the lawlessness:of the. peasatwry renders a
collection of- rents and-insurrection almost sytm nymona
)evitis;sod ei:lr fee litigation in, the lair cw*rts, is by Ist,
-more expensive &Adelson aseertaia in. its ow* pOlej.#
its-this conifer?. • ,ai •,;-• -.-.• : •.: :- ...! :/-4c ;...;
~..... ~
- Tielast itliiiiiit fedi bY'REitliaireapitsiiits reibti.sh
It manufactor.y,in Irelsod,(k pspv manufactoryiti ioltArY4.
the iiitailitor* IS rtiip:oesacob; infuriated Ile circumstances.
aJad motivsti qfptafistkryt natal*, ltur,M thl iltholt or eve Steals
dit,the. intlidiip. .%VSenillsilavernoanat trqsqtalliffes
!relied • bb' jolt Sod .•6141 la*., bridal, - taiittd - iltilt.
naturally !kw into that maser/ is piiiirehes tli'lltateit