Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1824-03-16

days, duriug the session, and allow those days
TO be exclusively devoted to measures emanat-
ing from Government
Lord John Russell acknowledged the propri
city OF the Rt. Hon. Secretary's suggestion and
therefore altered his notice from "Wednesday.
the Sd, to Thursday the It'll of March,
SLAVE TRADE.
Dr. Lushington gave notice, that on the 18th
February, he would move for leave To brine in
Il Bill to consolidate the laws relative to the
Slave Trade, We also understood him to fix
the 18th of March for motion respecting the
Criminal Law.
From the London Courier, Of Feb. H.
An extremely interesting discussion took
place, last night, in the House of Commons up
on bringing forward the Navy Estimates for the
present year. MT. Hume was as unfortunate
IN his recollcctions, as he frequently is i'm his
calculations. The Hon member happened to
remember that Sir George Cockburn last session
declared, that " the sons of noblenen and gen.
;tlcnen were, as of course, to be promoted after
serving their time" No other member rccol-
lccted any such monstrous proposition having
been advanced, and the Hon. and G allant Baro-
net himself declared that g there never had been
holder Misrepresentation" of what he had act
ualy said. In support of this declaration Mr..
Sec. Canning rosc and at once placed the Ques-
ton upon its proper basis, viz. Z" that for sthe
good of the whole profession, it was desirable
that the general responsibility of it should DC
maintained bv an ntermiXture of men of rank
and birth, with those of merit and service.n
But does it not appear, like the very climax of
absurdlty, that the economy fthe British Navy,
and the nature of its service, whatever it may
have been, should be made topics of complaint
40 the face of this historical f,ct that since the
beginning, of the world, there is no record of
any navy having won such renown, and placed
stself so utterly beyond the rcs cii of ll compare
son? Truly, there must be sad dyfects-some
most deplorable vices, i'll that system uuder
which such deeds have been performed, and
such hononrs achieved! And for our own parts
with all due respect to Wing grumbling be it
spoken, we shall be well content if the future
EXPLOITS OF QUE gallant scamen merely keep pace
with the past, whatever Improvements may be
adopted.
SPANISH FINANCE.
MADRID, Feb. 7.-Thc following is the pre-.
amble of the Royal Decree ofthe It'll inst crea-
ting caisee d'an,ortisement Sinking fund):-
'sOn the 18th of October, 1915, and the 5tl
OF August, 1918, ordered the arrangements
which judged to be suitable, to establish ON a |
solid basis the credit Of the state, and give secu
rity to the creditors. proposed to accomplish |
these important euds by assigning to these esta-
bGshments for public credit, considerable funds,
to be administered by the establishment itself
any case be applet to other purposes.-Ths |
:precaution, wnic!- served, aud had already been
successfully employed by my august father had |
the inconvenience Of rendering the adrninistra-
ton of these funds very intricate and expensive
SO that the nett prodncc was insufficient to SUP.
port credit with the promp,itude corresponding |
to my wishes and the wants of my people.
'The evil was however known, and was |
considering of applying the remedy when nv |
| IL
py events which deprived me of the exercise of
my sovereignty, and involved in the general
confusion the fate OF all the public establish |
ments. |
''Re-instated in the enjoyments of the rights |
.of my crown, my attention has been fixed on |
the deplorable situation of the multitude of cap-
'1talists reduced to distress or to indulgence by
the total depreciation of the funds, i'm which
their fortunes consisted-Convinced of the ne |
cessity of correcting state of things which op-
poses continual and invincible Obstacles to the
creation and increase of the state conyin
%ced that if to meet the current wants of the |
Government, 1t Is proper to contract a loan it |
IS indispensable that there should be an establish
ment which shall periodically pay the interest
and repay the principle also, at stated periods.
taught by constant experience to renounce the
hope Of seeing the institution called sof public
credit suffice to obtain those advantages and
thS VI COunCii OF MINISTERS, !
have resolved to obtain them by other means. |
In consequence have resolved as follows &c. |
Among the numerous articles of this decree |
we remark the following;-
'An annual sum of 30 millions of reals shall
be assigned to the cuisee d'1Dlo1tiscueot (sipk !
ing fund.)
sit shall answer for the payment of the nc,o
obligations, which, under present circumstan-
ccs, the Treasury may contract, to meet cur
rent wants Of the government.
The establishment called sef public credit,
is suppressed
~ The ID article, creating committee of Lii |
quotation, rs conceived in the following terms:
'The functions of this committee consist in |
verifying aud liquidating all the d ebts of the |
State, proceeding either from capitals, or the |
interest OF those capitals, or from arrears of paw
end pensions, provided that they are founded,
on titles anterior to the 7th of march, 1920,
Art. Obligos all the creditors Of the state re-
cognizci by Art. to present the papers, au-
Gienticatlng their claims, in the time Of 80 DAYS
Those claims shall be Inscribed i'm the Circuit
Book opened for this purpose; but after the ex-
piratIOu oil the aforementioned tirnc none sla
be admitted to withdraw (adrnis rctirer) his in
scription.
The Royal Wales are not included in the a.
brva arrangement. They will moi be admitted till
the question Of tnCIr renewalhas been resolved
in Art. II, the King reserves to himself the
right of determining the uniform mode of the
titles which are ~ represent the public deb.
when the result Of the liquidation shall have
shown itS extent.
THE FOREIGN NEWS.