Havannah papers to the 28...
The Times, 1824-06-12T00:00:00

jiavannan papers to the 28th of April have been received by way of Charleston. In consequence of many desertions among the soldliers of the garrison at Havannah, who had found their way to the Peninsula on board of Spanish mer- chant vessels, General Vives, the Governor, had issued an or(ler oa the 17th, restraining the Captains of vessels from affurding in future any conveyance to sudh deserters. Both the English anid Foreign Stock Exchanges were shut yesterday. Priyate bargains to some extent were effected in Consols for the account at 95i, and in the South American securities at a slight depression below the prices of Thursday. Mexican scrip was done at lI-, and Colom- bian at it premium. In other Eecurities little business was transacted. It appears by accounts received yesterday from various parts of the Continent, that a general depression of the securities of the difterent Governments has taken place, in consequence of the failure of the project for reducing the interest of the French debt. In the markets of Amster- dam and of Frankfort, this has been most apparent. The 2A per cent. stook of Holland fell 4 per cent., and next to that stock the securities of Russia, Prussia, Austria, and Naples, were most affected; perhaps because all prospect of paying them off at par, for the purpose of redlucing thQ interest on them, must for the present cease. The Freneb stock was least depreciated in value, in consequence of the information. There has been put into our hands a valuable publication of the late Mr. Marrvatt, consisting of a speech in the Hoouse of Commons, aiid other papers, on the merits of a bill brought into Parliament about the beginning of 1811, for establishing a Joint-stock Company fbr effiecting 1Ma. rine Insurance. The coincidence between the circumstanceg of that period antl the present, as thev relate to the extent and objects of the proposed Companies-the opposition which they encountered or encounter, and the arguments employedl in their support, is not a little singular and strik- ing. rhe proposed capital of the Company of 1811, like that of 1824, was five millions; it embraced, like the pre- sent, a great part of the commercial interests, of the city; it prayed, like the present, for no monopoly, but petition- ed only for the opening of the business of IN1arine Insurance to universal competition, by the repeal of the exclusive privilege conferred on two companies by the 6th of Geo. I.; and it was met in this demand, like the present Com. pany,by reasonings on the comparative advantages of insur- ance by individual underwriters over public bodies, and the claims of thehouseof Lloyd's to the undiminished1 confidence and protecting patronage of Parliament and thepublic. Mr. Marryatt was the great champion of the underwriters on the former occasion; and the publication to which we have above alluded not only contributed to defeat the bill of 1811, but retnains as an arsenal, whence the best tempered arins may be drawn to combat the claims of the new Company. The committee of Lloyd's, on the defeat ef the bill of 1811, which was lost by only one vote, "1 acknowledged their ob- ligatiors to Joseph Marryatt, Esq., fbr the extraordinary zeal and ability he had displayed in suppertinig their in- terests ;" and as wre cannot find roo for quoting any part of his able pamphlet, we can only refer our readers to the publication itsel, convinced that they wvill agree with the Committee on its merits, and with us on its apDlicability to the question now undor discussion,