Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1815-05-27
Imperial Parliament.
HOUSE OF COM M ON s.
MARcH 15.
Trade to South ameTca.

CDmHlltec To 5ConoiuOt - ~
Company's Act.
The Chancellor OF the Eychequer en-
tered into the nature and history OF the
South Sea Company, which had been es-
| tablished in i720. under magnificent
prospects, which afterwards turned out
to be almost entirely deluslve. %reas
losses were Of course sustained py all tRe
persons who mad embarked in that sPecu-
Iiation vet the company continued to exist
and to carry on a trade to South Amerl-
ca and the South Seas at small prom.
! The Company divided three and bali
1 per cent. and their capital was about 5,
5o0,ooOl. AS it was now desirable &c
take the monopoly of the trade out OF the
hands o. the Company, moderate con-
pensations must be made for the loss they
should sustain. For this purpose ne
he should propose to raise fund, out OF
which a dividend should be paid to the
present proprietors equal to their loss.
This would not bring any charge upon
the public, as it was intended to be rals- !.
! ed out of small tonnage, and a duty OF
! two per cent. on the export OF goods to
| the South yea. He then concluded WITH
moving resolution, " that the exclusive
RIGHT Of trade vested in the South Sea
Company, in virtue Of the act OF Queen
!. Anne, do cease and determine"
/ Mr. Bennett wished to ask the minis
ter if there had been any inference
on the part OF the British government, to
| nut stop to tie ca'amities of intestine
war which desolated the extensive pro-
yinces of South America? He had au-
I,thority to state, that in those unhappy
countries within the, last three or tour
wears no less than one million ct human
beings were put to the sword. One par
| ticular province, which was about 400
miles in extent. had been converted lnto
a desart: the towns ard villages were
deserted and destroyed. and such OF tie
inhabitants as escared fed to the woods
for safety. Some idea might be
formed of this horrible war when the com
, miftee was informed. that on tie surrer-
, der of tie city of Valencia by treaty, ali
the chiefs Of the insurgents were treach-
, erouslv put to the sword. de wished to
ask the ministers if any mediation had
; |baen proposed on the part Of the hrtl9!i
: Government in 1919, Between tie colo
: MES and Old Spain? lie understood,
that since tie return OF Ferdinand. q
counsellor C state, vic had been ln>tro-
mental in betra wing his country to France.
was sent out TO South America, AID made
a great part OF the country a scene OF
blood and devastation. He was told an
expedition had Just sailed from oadlZ to
South America but he prayed to God
: that it might fail, and that it might perish
on the coast Of the new world. ihe
: question which TIE British ministers ought
to consider vas, whether they should
take mart with nine millions OF slaves.
who composed tie population OF Old
;. snain, or with IS millions OF iiseemen
t and men desiring to be free, who lnhablt-
ed the regions Of South America, who
we're omen to receive US, and who were
anxious 70 maintain commerce and al
,;ance with us. 1t had been SAID that hls
maiesty's government preserved strict
neutrality between the new ana Ola worries
this was not the fact, because Spanish
troops had been fitted out tor South ~
merica at our expence; we maintained
some of their TROOPS IN irihioad the
}royaIsts were ,rorided Mltil arms, ana
several refugee ratrjtts were Gehled tie
rights Of hospitality in Innldad the 60
vernment Of the :sEana refused to Permit
them to take refuge taeie. and at last
they met with hospitable recei en- frf m
that ez ccllent nan retlon; yes irom re-
fion a black. who eXerciseu tne VII ues
and the wisdom tat Should adorn So
Qereion Price. BESIDES, the fnshsh 60
vernmeut had dishonored itself ~ Con-
ferriag tie order Of the garter Gil Aing
Ferdinand and he new w'shed TO kno"
what minister it vas VINO had dared to
advise the Prince Regent to Go that act !:
The Chancellor OF tie E.eheqaer said
he could give an answer Only TO ore o.
the questions put b. tie honorable ger
tleman. The British government CAD IN
terfere and endeavour to mediate between
| the government of the Cortes and tie
colonies. This was at the time when We
we're assisting to preserve the liberty OF
| Old srain. It was very difficult to give
an opinion respecting the troubles alluded
to by the honorable gentleman, and still
more difficult to interfere. We must
keep well with the spaniards of the new
4 world but it was. at the same time, ne