Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1826-04-06

try was in agitation, and would certainly be at
tempted, though, it was thought, without sue
cess, or at least, with but partial success: Per
haps the Chancellor of the Exchequer, MIR. FIRE.
| derrick Robinson, whose capacity is by no means
equal to the exigencies Of the times, may have
found it expedent to retire. There has never,
since 1898, it is said, been so great monied dis
,ress experienced in London. A letter from
there, now lying before US, has this language
"Neyer was there such general gloom; and it
perv AIDES Manchester, Liverpool, and will soon
reach Glasgow. One spinning establishment
stopped on the 10th, and threw 1000 people
out of employ, another 400; and yet government
looks on and says, it is no concern Of theirs,
and that the evil must work its own cure"
The relief which the mercantile interest had
asked for and the government had refused; was
an issue Of exchequer bills on the deposit OF
produce. A. similar measure had been resort
ed to in l79S, with great benefit 10 the COM
mercial interest, and without ultimate loss TO
the government, but the Chancellor OF the Ex-
cheuuer said the circumstances of the case were
so different, as TO render wha. was done then,
now inexpedient.
The quotations of U. S. Stocks are merely
nominal. There was no sale OF them nor could
money be raised on them as pledges. Some
shares of U. S. Bank stock had been forced off
under 20i
The failure Of the great booksellers, Consta-
bic & Co. is said to have ruined Sir Walter
Scott, who had made himself responsible for
them TO a large amount. 1t has produced, too,
the Development of the incognito, hitherto pre-
served by the author Of the Waverly novels, Sir
Walter having, as it is said, in order to prove
his claims on the estate, been obliged to swear
that he had an interest as author i'll the proceeds
of those works. According to the annexed pa
ragraph, however, he will not be reduced TO
perjury.
Sir Walter Scott, Notwithstanding the unior-
tunate issue of the commercial speculations
with which be has been mingled, will not be in
a destitute. condition. Lady Scott has large
fortune left 10 her at the decease Of brother.
The estate Of Abbesford, about 40 miles from
Edinburgh, on which large fortune was ex-
pended, was, some years back, settled upon his
son, who married a lady Of considerable wealth
The lucrative Office held by Sir Walter himself
will remain. after all pecuniary difficulties have
been arranged
Extract Of a letter from London Of The l4M Feb.
Son Friday afternoon | went under the aus
pices Of -, to the House of Commons, and
was well placed under the gallery. The debate
was upon the currency. The proposal OF Mi
nisters is TO stamp no more H. notes, and to re-
quire those in circulation to be called in in 1929
thus curtailing five years Of the privilege Of
the country bankers;-and further, 10 authorize
the establishment Of banks with more than six
partners, IS miles from London. The debate
continued until half past twelve at night, and
was. upon motion Of Mr.. Canning, adjourned
until last night, when | again attended, and re-
manned until two o'clock, when an amendment
Of Mr. Barring 10 the Ministers proposal was
lost. 222 to SO. Mr.. Canning observed before
the vote was taken, that the present division
was TO be considered by them all, as decisive
of the main QUE ston The debate on both sides
was able and temperate, but particularly ANNA
| ted on the second night. All the principal, and
! many of the secondary speakers took part in the
course Of the debate. ]! Mr.. Gaming rad been
better informed on some points, his speech
would have told even more than 1t did
Brougham, and Il great part of the opposition
voted with the Ministry; indeed the whole de-
bate was free from party feelings, and exclu
sively confined to the subject under discussion
MIR. Baring's objection to the measure was one
f time, and not to the soundness of the mea
sur, 4uder 9TH. circumstances All admitted
that the difficulties Of the money market were
far beyond the reach and remedy Of Parliament,
and that the proposal of Ministers was rather
| one of precaution for the future. tran Of cure
for the present. None Of the speakers can be
said to have spoken eloquenlly; the subject it.
self forbad il: many of them, however, evinCed
good sense, and much knowledge Of the subject,
which, at times, was badly illustrated by their
difficult * hesitating delivery. Mr.. Peel and Mr..
Canning are graceful and engaging in their
manner; Mr.. Brougham has the style and ac-
| curacv of lawyer; Mr.. Barring speaks like a
| man Of sense, and has more ideas than words.
Mr. Robinson, Chancellor Of the E1chequer,
opened the debate in support of his resolution,
in speech remarkable only Tor its ineficiency,
and entire want of knowledge Of the condition
| of the country, md the effect which the mea-
sure proposed BY him was TO have: and had it
| not been for his colleague, Mr.. Huskisson, who,
| in plain and well-dgested speech explained
and enforced the effect and consequences Of the
| gradual withdrawal Of the H. notes from cir
culaton, the proposal Of ministers would have
remained during the first evening without ex-
PLANTATION ! have sent you the Times OF to-day,
which is filled with the debate.
"The Emperor Of Austria will shortly abdi-
cate in favor of his second son, his eldest being
an idiot, and retire 10 Florence to pass the re-
mainder Of his days. | do not think that the
government here are easy about Russia. Its
| n,oo, .rn,v and the Duhlic oDinion i'm favor of