The Statesman.
London, England, 1821-03-02 00:00:00

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I,ONDON! .
rltteAT KIIIINEKR, MARCH 2, 1821.

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Extract of a letter from Parts, of the 27th nit.—Onr
letters from the frontiers of Naples inform us that the
'Austrian Army is proceeding by forced marches towar.le
Rome, and it is expected their adranned guard will be
alder the walls of that Capital about the. 20th of Feb.—
Accounts from Naples state, that on the arrival there of
&Courier from Laybach, an extraordinary Connell was
assembled, which was then sitting. It was understood
there that war was inerital•le ; inconsequence of which
an was bustle and confusion, and great alarm prevailed.
French Funds have somewhat declined. Piro per Cents.
f. 53 cents.

M.tDatD, Pen. I7.—The late events which took
place in this Capital have caused fermentations in se
swat of our provincial towns, of which the details have
not yet been published; but the Proclamation which
has be.•it published at Sarragossa, inviting the inhabi-
tants to remain tranquil, proves that the public peace
has been dis►urbed. They write from Cornnna that
three companies of militia being fatigued of the ser-
vice. they were obliged continually to perform against
the discontented, have demanded permission to return
home, but M. Au to has rauscd to be arrested thole
who have signed the above request. Ills Excellency
the Minister of Arar has addressed a letter to the
chiefs of the garrison of Sarragossa.—(Parie Peprr•)

In the House of Commons last night, the Csts..st-
CaLLOR of the KXCIIIIQUISR gave notice of the mo-
lion, which we mentioned lately, to authorise the
Bank of England to pay their notes in specie, at an
earlier period than that appointed by the previous
arraogement. This occurrence is to many persons
an occasion of great surprise; for not a few con-
tended that the era wonld he always postponed.—
It cannot, however, be expected, that the law pro-
posed will be compulsory on the Bank, to exchange
their notes for rash, to an indefinite amount, or at
the option of every applicant. Limited, however,
as the cash payments may be, we shall hail them
as a public- benefit, with the feeling that, in pro-
portion to the issue of coils, an equal amount in
notes must be withdrawn, and a corresponding

quantity of temptation removed from the destitute
and unwary. Of the effect of these cash payments
in the intercourse of traffic, a►dl on the value of
property we do not now attempt to remark. The
preparations for returning to this currency have un-
doubtedly much deranged the relative value
of commodities ; but as the origin, of that deranges
ment and of the vicissitudes that have lung prevailed
in the money price of things, is to be found in the
excessive and irregular issues of notes, whatever tends
to re-establi.li the old and steads, currency of the
country must be regarded as a great and lasting ad-
vantage, though pelt-chased at a considerable tempo-
rary cost. From the discussions now on float relative
to the standard of gold and silver, apprehension is en-
tertained that some alteration in this important article
is in agitation. A suggestion has been cern recom-
mended, that the pound weight of silver should be
coined into eighty shillings, instead of sixty three, and
the gold be raised in the same proportion ; and this is
grounded on the argument, that the chief past of the
National Debt, as %v.!! as of rents and contracts, being
mails during the depreciation of paper currency, it
would not be a violation of public faith, because it
would operate sq►►ally on all, but would have the
Wert of raising pried s to the ease of the agrirnl-
tnral, manufacturing, and commercial interests.
On our part, we cannot but depretate any rhange
in the standard of pecuniary valuation. Every alte-
ration that takes places i. sure to oreasion another;
and Iluetaatimr; noeertainty, and ernbarrassment neVer
fail to ensue. The variations made from time to lion;
in tho seine of English coins, previous to the Revo-
lution, whirl► we shall take some future opportunity to
natter, never failed to be pv*wluctive of confusion and
detriment in the interchange of property and the tour**
of trade.

Another gultject of the greatest moment was aloe
introancesl to the attention of the !louse last night:
Mr. 11. Fitzgerald, with a view to.stggest some mm-
sate fur the vCtension of the education of the lowet ,
classes in Ireland, moved for : account' of the
fonds of the several
.schools in that countty. whit&
Isa.l.been reported no bythet'unsmissionera of imPtiry
appoissed by Parliament. Prone the Moons' *cookie.
to the Metitlit; and frail the inelusatino- of Mr. Psalms*
thistr4 of his intention of proposing a plea for, the
aceonsplishosent of the some greatobjectb we ontertaia
the hope that enuch beset s so the rising geoeraties
will belhe
.owhe tialse•estipsoral preindiree
of coallitting ,olinions,la holiest es tho suhket
religion, sad she asinoneltr and 'party Spirit- which',
thst•aferesatie hot, the eisesdeis
► Iva bars lJtitertb" Oita/4a ref .eistota of mitt