The British Press; or, Morning Literary Advertiser. — London, England, 1825-07-28 00:00:00

F ~I ■ 1 1 1 ;r i s ~.. , 1, iii . ' h t 1 : a a . 4 e i 1 44 . .., r• f , i .. t. 1 - '.. 1 ti i, k 4 1 , ( .. , .: i I t ) . • , 1 .. ; , 4 %.: 1111' WEN • Aim Nations for 8b 27, Wood-street i AND HAVRE DE GRACE PACKET COMPANY. in 1000 Sham of 1001., deposit 21. o will be rocelved by W. J. Noma, Egg., rri BALT& STEAM PACKET COMPANY. Capital 100,0001. is MAO Shame of INS., deposit 24 pet Share. Airplizetions .31 be received (peat paid) for Sham by W. J. Nemo. 57, Old iliostl.etreet, Solicitor to the Genipany. --- rittert• or RH ITlttil Bank .itoelc 3 per Cest. Red. 91 net 1 tent Cont. 914 IMttn Arct.looi i I 34 per tent. a wet Cent. 14. Wel I New 4 pet Cent. UM 4 4 4TOCIES YE.ITERDA V. India Stock lodis Binds V 3 pro Long Ann. 22 SAO E%. BiU. , 10. 27 30 pen Ditto, 600/. 27 SO pm Ditto, Smel . 27 30 pm Lottery Tickets, lE. Ile. PRICE:. ttF E41114.1uN sToc Ks YES'ITRDA V. Wibsitian Bonds 1314 24 Ditto Scrip (1025) 124 di. 11-arikan scri r 24 4 dm Ditto Acet. 124 4 his Etimlll• Apse Bondi 904 4 3lrsican Bonds 784 4 6 I 011044100 1 00nds '36 Ditto Bonds (1925) 05 Diem Wood. (1824184 f 4 Ditto Scrip (18251 24 4 dis Ditto Avec 86 44 f 5 Ditto Acct. 24 I 4 8 dis Pahtsh Bonds Peruvian Downs 76 Pitt* Sc-tip (16251 3 4 dis Ditto Scrip (1995) 34 dis Ditto Acct. 31 4 dis Ditto Acct. 34 dis Punch Reran Spr Ct. 103 f. - PortoFuess Bond. 1384 Eschanp* 25f. 10c. Prussian Bongs 1024 Ditto Relieve 3 per Ct. 76f. Russian Builds 471 Exchange 44f. 10c. Ditto Acct. 974 I Omen Bonds Spanish Cons. 224 4 2 4 Divo Acct. 42j Ditto Acct. 224 2 4 PRICES OF SHARES YESTERDAI. MINIS. lbgre. Pnid. Premium per Slums. Atigna Iron and Coal 5O 10 34 3 Chilian. Cornaralrand Derottstiirs Fineli , it , E 24 4 /lie ir Fvistina ll &rice Pasco-Parceitui lOO 5 14 13f a 1 14 104 f Potoci. La Pas, sad Peruvian SO 5 54; 'Pia' Irish 25 1 9-16 1 New liaitsd -Mexican_ ..... Welsh Ivan and Coal 26 10 14 assua•xt :n coattaxtrs. 6 cardian lOO 10 94 MISCrI.T.AIOEOI:S. 13 ,4 e•sh Iron Company lug 10 &Irish Rock sad Patent Salt 30 5 7G I Canada Pqm.table Loan Bank 6O I dis rienval Pteam Navigation lOO 5 3 l•own Rhine Steam Navigation 100 1 it .Meraripolitan Alderney Dairy 25 4 11 Provincial Dank of Ireland Scarlet the t.o 3 7th 3 r 'lt rithat reoo. HAYMARKET THEATRE. This Evening. THDRSDAY. Jit len. will to performed • SIMPeDM AND C.'. M. %Mown. Yr. W. Farren; Mr.Drorney, Mr. Yin , ng: Mrs. Stmpson. Mts. Gibbs; Mn. Ilrome7. Mrs. Davison. After whlen. THE YOENG QUAKEa. Chronicle. Mr. W. Ferran: Young iiadbey. Mr. ii:nlrg ; SAWN , ds4h. Mr. Marley Clod. Mr. Lston. Lady Ranneeva!, Mrs. Gloveet A-unity:A. Mre. Waylett ; Dinah Pr:mtose. Miss P. Ulever Pink. Mr a. (MU. . . To conclude wjth 'TWOULD 1.1227.1.1 C A CONJUROR ' Van Dundee, Mr. Litton. EXGL!SH OPERA HOUSE. This Erthing, THURSDAY. July 29. trill he performed BROKEN PRONNES: Or. THE COLONEL. THE CA PTA!N. AND THE CORPORAL. The Principal Characters by Meter& Bartley. Rroadhtwet, Thorne. Wrench. W. Bennett. and Power; Aleutunet Noel. Stephens, Gray. limpid, and Weippert. To eonelu. e with THE CASTLE OF ANDALT:Sik' non Cesar. Mr. Deurnan ; Don Fernando. Mr. Thorne: Spade. Mr. Er.c , ey: Pedrlllo. Mr. W. Chapman. Victoria, Was Noel: Catalina, Mar GoerarJ; Lorenza, Wu gay. UNDER THE ESPECIAL PATRONAGE OF HIS MAJESTY. 1101,1! GARDENS, rt UXHALL. TLe PROPRIETORS of VAUXHALL. in consequence of Intimstlons they Imve received from many of the highest classes of the Nubility and Gentry. who porno*, re-visiting Vsuxhall previous to Irwin! town, most respertfully state their intention of giving a MOST SPLENDID OSSA TO-MORROW EVENING. FRIDAY, the Seth Inst. being the Met this V. eek, forwhich preparation* have heen made on a rust none: and extensive wale. The Concert and the Entertainments gerersily will be expressly arranged for the occasion with peculiar "Wins on public attention t • new Ballet Dance, of unusual Interest, prodgreelt the Gardyns wil: be Illuminsted in the highest degree of orralisental Wide and elegance; and the Fla e-works. for tullibuicy and 'rinser of belga. surpass any yet introduced, even atVanith•ll. It being thedeXermltaation of the Prop' letors to reader the whole every way 1.11121311t6111 august and dlsCuguished Patronage they have so latter. :ugly reee.sed. Doors open at Seven. —Athol Rion 9s. ed. BIIt, TIM Paris commenced publishing yesterday morning at hall:pavf five o'clock. e LONDON, THURSDAY, Jeer 28, 1823. The Freya Papers which we received last night contain ♦try few articles of any interest beyond the limits of the cot:r.try in which they are published. The Echo du Midi, a .:ournal published at Toulouse, but und:rstood to speak t ,e sentiments of M. de VILLELE, announces in its cox.- resronderce from Paris that the conversion of the rcntes i 3 proceeding with great facility. The repugnance of the repliers, we are told, diminishes every day, and this treportatt financial measure, it is hoped, will SOOlll t.e accomplished. In case. however, there should be' vs; rertes not converted, we are informed that a pro- ject of law will be laid before the Chambers next Ses- I Mon for the division of these rcntes into several series, I ro that they may be all paid off in • Cie course cf Eve years. It is somewhat ludicrous, we must confess, to art it stated as a doubtrul event that some of the reotes ruiy not be converted when it is notorious that the opera-'. Con hss been so completely unsuccessful. It seems, how- ever, that the Minister, resolved to carry his point, is lool kg forward to the means of paying oil the refractory ten tiers. This is the only mode in which he can subdue their resistance. The opposition journals exult in the failure of the circulation of the French certilicau.s on the Stock r.vehange of London. 'rhe Emperor and Empress of AL:srat• were expected to arrive at Votive on the 40th inst. Magt:ificent preps reaums arc making fur their reception. .The news from G:..ece merely confirms the irtelliimice GOVILA . 6 victory mar Salons. Ism. Art. PLiAssa. the Toriritt Commander, was. by Got:al.'s °piers, put toj death, after lie had surrendered, for the outrages lie had j previously committed on the Christian inhabitants in the vicirity of Parnassu;. Ail the soldiers under his comrcard f.harcd his fate. To say nothing of the cruelty of this in riaughtzr of 6 1 .000 men, we very much doubt itt. policy. Assuredly the Turkish troops can have nu hotter inducement to adhere to the fortunes of the than the apprehension they must feel tbst if they capi •ulate they may he massacred in cold blood. IsaaniK PACHA is said to be advancing into the Moms, while Cosoccraomi is approaching Navarino. (From the Afmiteur of Monday. July 24.1 VEN/CE, JULY 13. Emperor and Empress of Austria will unite at Venice on the IQtb of this month. The fetes that are preparing for their Majestie - . will be maguificenL At Famine, where the lagoons *rasa, a tcnt of the greatest beauty is erecting. Gondolas *pier-- 4144 dexiratcd will go su fat to meet their 31ajesties. The midis:. cities of Venice will wait at the ume place for the Imperial party.' MiTher Mey hare einharlted the whole will pnweetl to Venice by the 7re-..t canal, and will Proceed to the Imperial Palace situated at stem. Their ewraace wiil afford a very uucommun *pecoule. ' 0 - tie! 27th July Owe will be one of thase fetes • bleb cannot `it. ue7 ar.y where bet at Venice. The twu great canals •41 lie •dein - f-itted on We whole 'earl, end there will bets peouienade at ten' Majesties will not Lave Venice till the beginn.3e of A ilete . • • AVe rare kyr*? number of strangers, and iber.2 is every rea ,r,to 4,4l 4 corchat this ournbe: trill wanly increase before tie Lt. :. , 11.1 rte.: Majesties. It is lota since Venice bas bad so hi sigiscated an apnewrisoce as it wid now hare. %Ve do not knJw Majesties will go to Tzietite, or whether they will d:rer:' from this city to Vienna. - - - - iFram tlJe noile dated Tue%Say, Juty 26 ZANTE.JUNE Id. Let:trt from hepants of 14th June inform nv that banael ?liar . ir',q at the bead t a corps of 611eJ0 Tosidet bad entered 7i.oe:v„ was attaks-d on the la and 4d Ju-.e by Oe oral 0011r3, eesien,ord forced in tint hitu. elt'ist! In the rus.a. uf ro, a rude -.. witted in the environs e4Aropbasso. remrourlded ou ali sides. and *chute of provisloos. howl to the Stralasdi IPanorios to obearn ¢ zapi.utlation. which the latter ratted, stNett to the ratification of his superior, General Gown. The Toatdes, who had so many times been pardoned, thought they were again saved, when General Goon, being informed of the auelty Of Ismael Pliassa, who had raassaaed the Christian inha bitants. the monks and the priests of several convents and villages of Mount Parnassus, gave orders that Ismael PISASSIS should be hanged, and that his troops should be put to the sword. This @en tente was rigorously executed. After the victory at Salons, Goura, accompanied by Panorios Zervo Dimas. traversed Doris to proceed to Crania, in or to at tack the Turks encamped at Mount Araryathes, before* Mis- , solor•.ghi. PARIS. JUT.T 25. The A ligsbrig 2ette says !--It is generally believed at Con stantinople that the tosses anstained by the Capitim Packs at ('ago J*(Tro are more considerable titan was at first said. A rcoort from Smyrna even says, that the ()reeks hare taken a corvette of 24 guns. Meantime asmall &Cilia is among them, which is to be loaded with ammunition ; it is destined for the Gulf of Lepanto, whither it is to go under the convoy of a frigate. The Capitan Parha is still at Suds. The Turks are said to -have commenced their retreat full) Salons for want of provisions. Ibrahim Peens, on the con tie,. is advancing into the interior of the Mores, and is in the morons of Calamata, while Colocotroni is said to have approached Xavarino. FIZYCE Ey/rm.—Pests, JULY 25.—Fire per Cents. 10:1f. 4k. ; 3 per Cents. 761. Mk.; Bank Stock. 2195 C; Neapolitan Itentes,loof. ; Spactsh Renter. 171. Exchange on Linda]. one month, 25f.; three months, 24f. 115e.—Ceurs Authcitique. The private advices received from India still continue to give cheering accounts of the progress of cur military operations there. Sir ARCIIIBAID CAMPBELL was to quit Rangoon, and commence his march upon Umerapoora, the enemy's capital, on the 6th February. He was merely detained at Rangoon until the artival of the troops to whom it was his intention to confide the custody of that important post in his absence. Tie Gallant General was represented as entertaining the most sanguine ex pectations as to the result of his intended advance, aid impatient once again to put the grand army in motion. On his route into the interior he would be joined by a large body of Siamese. We look eagerly for the next intelligence, which may be expected to be decisive. Under the auspices of the New Catholic Association, the primary object of which we arc told is to promote peace and union, an aggregate assembly of the Catholics of Wex ford has been held in that town. It was dignified, we be lieve, with the denomination of a county meeting, but it might, with just as much propriety, have been termed a meeting of the whole kingdom. It was, in fact, as these assemblages usually are, a collection of as many rersons in the immediate neighbourhood as had time and inclination to attend it. Mr. O'CONNELL was present at the corn- mencement of the proceedings, but he was called away to his professional duties. Mr. Sam., who had no such rea son for being absent, devoted his talents, for want of ano ther market, to the good of his country, and having the field for once wholly to himself, be laboured with extrava gant zeal to compensate, with his " superhuman talents,' for the less the meeting sustained in the expected display of his more profitably employed friend. In order to promote " public peace and tranquillity, as well as private harmony and concu:d, among all classes of his MAJESTY'S subjects throughout Ire' an]," and especially we suppose to cement the connexio I be tween the two countries, Mr. SUEIL, who, be it r.imem bared, stood at the very top of the list ballotted by the Catholics of Dublin for the formation of the new Asso ciation, and who may therefore be fairly presumed to enjoy their confidence, and express their sentiments more fully even than Mr. O'Co Nut to., who was several degrees below him on that occasion in the estimation of their associates— Mr. float!. began his speech at Wexford, of which we I have elsewhere given an abstract, with one of the most exasperating, and we had almost said seditious allusions to what he termed "English domination," that we ever remember to have read. All "the disasters and degrea lion of Ireland" he ascribed to this single source of evil ; and lest it might have been imagined that he spoke only of (lays that are passed, we find that he concluded the first period of his exaggerated and inflammatory address by saying, pointing at the same time to FITZ-STEPHEN'S Tower:— " The policy of England is as unaltered as that barbarous hold, and the Norman Baron who raised it on that rock eh; not lift a more oppressive arm than the monster who sways this ill fated land with an iron rule. The spirit of Strongbow lice', in the heart of LivrapooL ; and the gaun•let of Fitz Stephen was not mere heavy than the hand of PEEL." This is undoubtedly an admirable method of taming th passions and raisin , : the mind of a quickly excited people above their influence and control. But Mr. SHEIL, with the effect he was producing immediately under his eyes, vehemently denies that he wishes to provoke a crisis. " This," he exclaims, " is not the ebullition of a mind fermenting with bail and foul emotions—none but the utterly desperate can desire a convulsion, which would be in all likelihood as unavailing as it would be bloody." These words, however, have scarcely passed his lips when he proceeds to apostrophise the Protestants of Ireland, and amidst loud cheers at the end of every sentence, to pre dict that " the time msy come when their sons will be a•'aughtcrcd on their throsholds, and their daughters may I scream for help on their fathers' graves!" We really do not untlersta:Al on what principle, or with what design, these Irish friends of peace and tranquillity ate always prophesying the general massacre of the Protestants, and rendering the horrid images of these atrocities familiar to the c ntemplation of the rude and ignorant mass of their conntryrnen. Many a prediction has owed its accomplish ment entirely to the confidence with which it was origi nally asserted by the original impos:or, and subsequently repeated by his dupes. CITY. WEDNESDAY Errxmo. There have been no trier:onions °limy consequence to-day In the Stock Exchange. The Funds ate 4 per cent. lower, for which there it no assignable cause. In Shares the btsiness has been exceedingly limited. We have received ilamburph Papers to the 23d inst. Their contents are wholly without intcreit. The following ere the Exchanges on London flasuroastr,Juvr !lit two month!, 35 81. ST. ftr.TERSIMUGH, JULY 8.-19 7.16. Juts 10.—Three months, 6 14. B 6 n Litt, J ut.r 16.—Three months, 6 20. vnclixA, Jut 13.—Ttirre months, 9 37. ilaxxix sr, JULY 19.—Two months, 591 'fhe last German papers state, that the wages of all the 42rrants attached to the Court establishment at Hanover have been ditninith.d in proportion to their respective ainottnt. Extract of a letter dated Hanover, July IC.—" About 1000 heavy stone wool were brought to the wool fair held on the 11th, 12th, and 13th. All was sold by the end cf the 2el day, and there was such a gnat demand that 20 Unica the quantity of wool would nut have sufficed. The prices were very goal" We have received Lisbon Gazettrs to the 11th instant.' Their ebntents ireof little inter.!st, as"they consist nately of festive celebrations in honour of birth days, and other rational anniversaries, with the exception of a notiticaton that the King has issued an Alraia t 3 secure the better education of surgeons in Portugal, by providing thew with a course of study of five years' duraticu. Thc. letters by the Lisbon packet that arrived yerterday. are dated the 9th inst. ; but they do not contain a t ingle i lia(' of public intelligence. Extract of a letter front Gibraltar, dated Jure fIU Our hopes rested on a fair harvest, but we have al been deeeired in this respect. as it ha, turned out very shot. AO:eosin - es well as all along the eastern coast. "Yhe con• querce is a want of labour fur working people, wh) cahoot ern] a lubsistenoe, truth less to buy clothing." ••• . • ' TSB LOr1)0* DOCKS v.7ltE Sl'. riil7 renixE DOCKS. --- 7 - ' 16 "" --- The controversy respecting the new docks at St. Katha rine's has been prolonged much beyond the customary limits. If the practice in this instance were generally f 01... lowed, it would lead to an endless series of publications on every new undertaking. The St. Katharine Dock Bill sustained a vigorous opposition from the London Dock Company and the Wharfingers, in its progress through ' Parliament. This wait what might naturally have been expected ; but when the Royal agent had crowned the measure with success, we supposed that the new clocks would bo left to the test of experience. We were, how ever, mistaken. The London Dock Company having (failed in their opposition in Parliament, have renewed it through the press, in the shapes: of a pamphlet. entitled, Cautionary Observations, founded upon official do cuments, recommended to the serious consideration of those who contemplate an investment of property in New Dock Speculations." This pamphlet, it is stated, was published under the immediate direction of the Secre tary to the London Dock Company, and industriously dia ltributcd by some of the Directors of that establishment. ! In reply to this pamphlet another has been issued bv, we , , believe, the Secretary of the St. Katharine Deck Com pany, entitled "A Refutation of tile Mistatements con ' 1 tallied in an anonymous Pamphlet donatively circulated by I the London Dock Company ; accompanied by some use ; ful information to the proprietors of the London Docks, !and proving conclusively that the St. Katharine Dock Company will poasese the means of dividing 16!. 2s. 6d. per cent.. upon investment." The Secretary of the London Dock Company applies his arguments chiefly to prove that , ' I the " new deck speculations" cannot be adequately pro-1 fitable to the individuals coacerued in them. Our , view of the subject is governed entirely by public ! ; considcrat:ons ; and they seeth r ..‘cessarily decisive in I favour of the measure. The construction of the St. ' Katharine Docks must certainly produce an increase of ac- commodation, and as that accommodation will be nearer to . 1 the City than any existing dock, it must be a great public 1 convenience. The London Dock Company evidently la bour under a material disadvantage in the present stage of the argument. All the public grounds of opposition to the new docks were discussed in Parliament, and overcome. IThe object of the London Dock Company is now there fore to " convince the subscribers of the inexpediency of' I prosecuting these immense works." With this intent, the ' I" Cautionary Observations" give a summary of the evi ldence before the Committee of the House of Lords on the St. Katharine Dock's Bill, from which the following facts , I are stated to be established : " That, at the present time, competition, little short of ruinous, ' exists among the Wet Dock Establishments ; and which will be come still more active, on the expiration of the charters of the East' ' ' India Dock and London Dock Companies; the former in lE27;' the latter in 1626. "That. so far from the occasional impediments to the nseiga. tints of the Thames (which is owing to the concourse of coifed' and ' other coasters), beingremovcd, by making another dock for ships in the Foreign trade, se high up the River as Sr. Katharine's, those impediments are more likely to be aggravated thereby ; even it' it ' should be found practicable to deepen the River at the e 'trances of the New Dock, and to preserve the necessary depth (which some scientific men pronounce to be next to impossible), to admit of the ' safe entrance and exit of vessels resorting thereto. " That, a prominent feature in the plan. namely, that the crews of the vessels with which the Docks will be crowded, (if the expec tations of the projectors should be realised), are to be allowed to have fires on board, is, from the limited space and inconvenient shape of the water-room, objectionable in the extreme, as the ' vessels will be subjected to great danger of being burned. " That, the allegation the London Dock Company • strew wines anti spirits upon the quays, exposed to all the injuries of the weather,' to the great dissatisfaction of the trade, is so far from the fact, that the Company have been under the necessity of solicit ing assistance of the Revenue Boards, in procuring an earlier re moval of wines and spirits from the quays, the importers finding it their interest to keep them there as long as they can (in fine Wei. titer), for the purpose of sale, with the view of avoiding the charge of vault or warehouse rent ; and no instance having occurred of any complaint to the Directors on that score. " That, on the contrary, the Directors have, for the accommo dation of the trade, recently extended the period for permitting wine and spirits to remain a certain time on the quay, to afford the , importers an opportunity of selling them on arrival. That the further allegation, that • shortly after the measure of additional wet dock accommodation at St. Katharine's was agi. I tated, the London Dock Company, from the fear of such competi ' tion, arid as a temporary expedient to defeat the measure, lowered their rates upon certain articles fawn 30 to 40 per cent.' is a mere fiction, not having the slightest foundation in truth, as proved by the written application of the Wiese and Spirit Committee, showing the ground upon which the reduction was asked and granted. " That the assertion that the charges of the London Dock Com. puny have been ' exorbitant' is at variance with the fact that the Proprietors have submitted (although the Company possess exclu sive privileges) to receive only 4i per cent. per annum on their ca pital, and although authorized by their Act of Parliament to make much higher charges, anti to divide 10 per cent. per annum. " That the allegation that there exists an ' exorbitant difference", between the rates of the London and West India Dock Companies,' whilst it is inconsistent with the winded • want of competition.' is at the same time uncandid and unfair, it bring well known that the West India Dock Company have been required to reduce their charger to the present low standard, in order that a sum of, 293.9101. 2s. 7d. may be returned to the r enchants and shipowners, I which, during the existence of that Company's exclusive privilege of receiving West India produce, had accumulated in the hands ofl the Directors beyond the 10 per cent. per annum which they were allowed to appropriate as dividend among the Proprietors. (See Report of the Select Committee on Foreign Trade, of the 3d June, I 1823 ) i That, with regard to additional dock-room being necessary to provide for an increase in the transit trade, arising from the addi tional articles allowed to be imported by the last Vl'arehousingAet, lit appears that the only sensible effect of that Act has been, to dif fuse a portion of the fureigo trade of London among the numerous out-ports to which the warehousing privileges have been extended ; and that the notion that an additional wet-clock, a quarter of a mile nearer to London, will have any sensible efli.ct in diverting to this I port the transit trade, which nose centers in the ports on the Conti. nent of Europe, has no reasonable foundation." A number of statements, founded on official documents, follow, the object of which is to prove that " the existing I wet-dock establishments in the port of London are ' amply-sufficient for its shipping and trade. The Secretary of the London Dock Company then proceeds to consider i what advantage the proprietors of the New Docks can rea -1 sonably expect to possess in order, under these circum stances, to secure a fair annttal revenue for the outlay of their capital. Into this part of the subject we feel less in clination to enter, but so much stress is laid upon it, we give the following estimate :-- "The London Dock Company, althouglt possessing a monopoly of the important articles of wine, brandy, tobacco, and rice, have not beets able to secure the custom of more, upon an average of years, than one-third of the number of ships, cud quantity of goods, which the premises are capable of containing. • The amount of the gross receipts of the Company, upon I an average of the last eight years, appears to have been .C 267,094 " Had certain reductions in the !totes which have been Mad,: in the last year, extended over those eight years, and the amount of business remained the same, the I gross receipts would have been less by - - . 43,095 1.223,399 " The ~ nnttal charges of the Company (reclusive of ex penditure on new wurks) in the same period, amounted on the average t - . 128,979 Leaving therefore - .04,4211 applicable to the payment of Dividends to the l'roprietors. ""rhe London Docks octopy a sire of 60 acres, vir. : A. P. P. Dock, Basin. and Docks . . 24 3 23 Quays, Roads, Wharfs, and Sheds - 14 2 31 Warehouses - 21 023 Total - 80 3 2 " The St. Katlisrine Docks are to occupy a bite of 23 serfs, which are intended to be thus applied : A. R. P. Docks, Basin, and Locks . 10 3 0 Quays and Roads - . 4 I 0 Warehouses - • U U 0 Total - 23 0 0 " The extent of the premises of the St. Kit :trine Ducks being little more than one.thittl of those of the London Docks, it will, it • is conceived, he making due allowance for the superior advantage! o locality, end for that improved management by which the Conner' may In:distinguished, to assume that one-half as much btt,iness will be perlitrmed by the new Company, as. with the aid of their monopoly, end the advantage of locality, and in the absence of com petition, the London Docks have been able to secure. La it be assumed then, that the St. Latharine Docks will be able to realize one-half the amount of the profits of the London ' Dock Company, on an average of the last 11 years, viz. X47,20:1 And, as their business will not be cramped awl impeded by the prejudices and rust acquired in 21) years man ' egement on the old system, and will he con:fumed with much greater economy and efficiency, let it further he admitted. (for the Sake of the argument,) that their ret 1 rofl:s will be greater by 10 ,or cent. - 4,720 61,1023 titre will then rema'n per annum, to be diviad among the Proprietors. It must too be home in mini that the preceding estimate IlAminies that the Merchants of London—of whom a great number hat.. become subscribers to the St. Katharine Docks, with the ea. r.:as view of increasing competition, and thereby lowering wha they deem the 'no:Want chnts' of t h e London Dock Com pang--t.%11 yet be temtent to "pay i te d e m eg rain ; :la tat dui vast vast addition to the Dock aecom a the Port, front die , construction of further Decks at the Isle of Dogs, at St. Nadia- Tine's, and on the I. , outh side of the River ; besides a further Dock I capable of containing 75 ships, and vault and warehouse room for ; 10,400 tons of goods. and 10,000 casks of-spirits, which are in the course of being added to the London Docks, will in no degree tend to diminish the business or leaser the profit of the St. Katharine Dock Company. If, however, there be good grounds for such an expectation, and that their Docka will be fully employed, although the trade o f port shall experience no increase—per taps diminish —how deplorable will become the situation of all the other Dock Com pan ies ! Either the trade of the Port most increase to an extent to afrunl employment to all the Dock • Establishments; new and old, or they must share Among mem the business, such as it is, if so much shall continue. The present trade and " exorbitant rates," et abl! the Directors to pay the following annu:ll dividends to the respective Pro prietor i : Per Cent. per An. West India - - - - 10 East India - - 8 London - - - - 4i Commas ial - - - - 3i Grand Surrey - - - - East Country none The author of the " Cautionary Observalints" next en deavours to prove that the projectors of the St. Katharine Docks have founded their calculations of profit en an ex pectation which, he contends, is completely erroneous, viz. " that the new laws of trade and navigation, especially the warehousing act, would materially extend the com merce of the port of London." The protnoters of the St. Katharine Docks' Bill had shown by official accounts, that the increase of the transit trade of Great Britain in the year 1524, as compared with the preceding year, amounted I to 1,600,000;. The opponents of the bill denied that any such effects had resulted front the new system, and they I accordingly solicited and obtained the following return : i i '• Return to an order of the Right Honourable the House or Peers, dared May 11, 1825. for an acconnt of the total valtte of all the additional articles forming the Transit Trade, allowed for the first time to be imported by die Warehousing Act of 4 Gee. IV. c. tl4, which have been imported into London from the period of that Act taking effect, to the sth day of April, 1825: and the I value of those remaining in the warehouses of the laid port. flffizial value. .8 a. 1. ' Imported and warehoused in the port of London, between the Lth July 1923, and the rith January 1925, being the latest period to which the ac count con at present be made up - - 192 928 11 4 Exported front the warehouses between sth July 1023, and sth Jaguars 1825 - 122,394 11 7 Delic,reti from the warehouses htr 11,:me Consumption in the same period 30.0117 0 0 - 10,211 l 14 7 nemainirg in the warehouses in the port of Lon don, Alt January, 1325 - - 1G 9 WILLIAM IRVING. Inspeetor-derend of Imports atd Exports. Inspector-Generars 019.. e, Custom Louse, London, May 14, 1025. On this return the following remarks are ma , le:— " Thus then it appears, that in a period of eighteen months, when the Warehous i ng Act was fresh, the official rnlur of the whole of those additional articles which were thereby allowed for the first time to be imported, from the importation of which such a vast accession of trade was expected, amounted to only 1'192,WD 11 4 Of which were taken into Horne - Consumption - Remained in the warehouses on 30,L'37 0 0 the Sili April last 39,63616 9 --- 70,143 15 Leaving . 1"_2.8941, 7 as the portion of the transit trade enjoyed by the port of London ; or, about 80,0001. per annum. The articles composing it con sisted principally of cotton, woollen and iron manufactures, wine in bottles, Dutch cheese, and playing cards. " That the amount has been 30 small, has been ascribed to tha rates and charges of the London Duck Company ; but those who shall inquire of the merchants engaged in this new trade, will be told a v ry different story ; and indeed, if further official accounts were produced, it would be seen that Condon has had her full share of it; and, judging from present appearances, the experience of another twelve months will demonstrate, that those who have ex pected that this country would become, during a general peace, the depot of foreign manufactures, with whirls a greet portion of the trade of the whole world might be carried on, have been most egre giously mistaken." The foregoing extracts comprise the substance of the "Cautionary Observations." Our attention must now he directed to the " Refutation," issued on behalf of the St. Katharine Dock Company. In a prefatory note, the author remarks, that " he had flattered himself that after the Bill for constructing the St. Katharine Docks was obtained, all ! hostilities on the part of the London Dock Company would have ceased. In that expectation he regrets he has been disappointed. The publication of the " CautionaryVbser vations Obser vations" has rendered it expedient to give publicity to cal culations and statements which were intended for private inspection only. Ile has, in no instance, taken up his pen to address the public upon this subject, except to repel at tacks, which, from time to time, have been made against the extension of the wet-dock system, sustained, as they have been, by roistatements, garbled documents, erroneous assumptions, and attempts at delusion ; and he thinks it proper to add, that this publication has taken place with out the knowledge of the St. Katharine Deck Company, nor has the manuscript or proof been submitted to any one for revision. The attack which has now been retiewett shows much indiscretion, as it will recoil up in the authors, ! by affording an opportunity of stating a few facts important to all parties. 'I he object of such attack is unworthy of a public body, and too obvious to require comment." After noticing the " tender and sincere sal citude evinced (by the London Dock Company) for the we fare of persons who it is feared may ruin themst Ives by at invesunent in New Docks," the " Refutation" proceeds at once to dis prove the statement that " the urelertaki ig of the St. Katherine docks, upon a calculation of one one half the extent of business conducted by the Lend t Docks, will not yield to the proprietors snore than w. I S 6d. per cent. CM their investment. 'Phis assertioa rests on an estimate made by Mr. Biggs the surveyor of the Loudon Dock Company. In order to show that this estimate " avowedly prepared to suit a particular purpose" is highly exaggerated, the original estimate laid before the Comn itteea of Parlia ment is contrasted with it. The excess of Mr. fligg's esti mate is 369,5651., but when the deeltut7ons are made for his erroneous calculations, it exet e Is the estimate of the St. Katherine Dock Company by the sum of 46,4751. The " Refutation" proceeds thus:— " Having thus disposed of the question of the estimates, the nett, though nut least important, point for consideration is, the advantage the promoters of the St. Katharine Do:ks may expect for their investment. It is stated by the London Dock Company that their net income during the last twelve mood's, deducting 43,6931.. the alleged amount of reduction in rate., must be taken at only 91,4:6/.; and upon such a data, known to be. a tietion, they desire the public to believe that the St. Katharine Dock Com pany, generously allowing them half the ex:ent or business trans acted in the London Dock, will only be a 1: to divide 21. 15s. G. per cent. In the liras place, t h at statemen of income in palpably inaccurate; if the net revenue of the bond° Doek extrpany wrs only 94,420/., it would not yield more than 2 6-Bths per cent. upon their capital, whereas they divide 4i per c:nt., retaining a sur plus in band ; that per mune giving a net incom • of not less than 162,0001. per annum. Upon their own a ateme tr, therefore, as coupled with the fact, the St. Katherine Do ks wit, upon the esti mated cutley of 1,3C0M1N., derive froth hat bus nese only a divi dend of rear 6 per cent., and if transacting f II tin Mena a dividend of about 12 per cent. ,• the subscribers receiu ng, ad ;ate, ha, 4 per cent. upon their insta lments—no bad specul t ion, considering that the data upon which that estimated profit pos eats is derived from the statement of the opponents. The cute d tion of comparative iacotrie made by the London Dock Comp my, according to the number of acres, is ridiculous, and affords ono lin instance of an attemrt to delude. The St. Kathaene Docks, with a site of about twenty-lour acres only, will, trotn the atlean•ed state of science in engineering and architecture, and improved construction of the buildings. be could at to afford to the public accommodation for warehousing, boosting. and quay room, nearly equal in extent to the London Docks. This the authors of the "Cautionary Observ stints" well know, and have not ventures! to deny. " lint the following comparative statements elintrlv demonstrate that the proposed St. Katharine I) :ks will possess thu tonne of yielding to die pruarieturs a dividend of 161. 2. lid. per cent. upon an outlay of 1,500,000/.. which includes a provis on for any pos. siblc expenditure; and thus, in every respect, rea'ine the object of the p . roniuters, by being able to afl'rd to the public a large redac tion in rams, cossaisretily with n very handsome return upon in. vestment, and always resting neon the most aMid basis." Then follow a statninent of the income and expenditure of the London Weiss, and a comparative statement of the St. Katharine Docks, Several pages of the pamphlet arc next occupied in proving that the London Dock Company did not mime their rates until they were alarmed by the expected conipei.ition of the new Docks at St. Ka:borate's. ,The question of the transit trade thea comes Iloilo. con sideration ; and we c.rtabtly think that in this part of tin !discussion. the " Refutation" ably sustains its title.' Ott a cursory glance there appears a. singular discrepancy b?tween the two statements as to the increase of the trotde of the port of London, since the passing of the new itiarebmiug Al. But it nil' be ebs: . ved, that in :he ,• " Cautionary obzervations" the aLther speaigs only ct to " additional articles," whiie the " Refutation" ailverts to the whole additional quantity of all the articles. T 1 / 43 latter is unquestionably the proper way of considering th. t subject : `• Having disposed of the first branch of inquiry, we shall row Cr-. seed to observe shortly unon the second and remaiiiire t one. I log the considostion, as to whether the liberal policy winch neat governs our commercial code is calcalated to diminish aticardirg the allegation of the London Dock Company, or to improve, a s i s , contended by the promote:s of the St. Kathrtnc Docks, the. Nat of the Port of London. .t Th e do eu ineris r:f.:•-ett to, and the statement made lay the f or : mer body hare been so frequently and successfully contradicted, that it is really Sireeome to repeat the refutation. In the first S oot, . they assert that the predictions a the promoters of thirst. pi attu tine Docks, with respect to the advantages anticipated font as es. tension 01 the warehousing system, as far as the port of London ti concerned, have completely Whit:: that the only sensible eill•rt tt has had, " halt been to diffuse a portion of the foreign trade 01 1,o". don among the numerous out-posts," and they seek to sustain tfat allegation by referring to a return made to the House of Lon!s, showing that the value of all additional articles, (mark the disg oc , tion), harming the transit trade up to the 1011 April. 1825, 00 7 amounted to 122,9381. Why confine the inquiry to additional aril, cies? The question to be fairly stated is,— What has been thr tcct upon the transit trade generally of the port of Lond o n, b y i y o passing of the New Warehousing bill ? " Front the following returns, it will appear that the inerear: is the value of that branch of trade in the port of London, last rear; as compared with the former, was no less than one millionitwohns dren seeenty-fivettionaand three hundred and nine pounds sterling. An Account of the Value of the Transit Trade of the l'ori of Lon. don. (calculated at the Official Itates,) tor the years 1823 sad 1824, ending sth January in 1824 and 1825. Z s. d. Years ending sth January 1824 8 • 191 .1 7 7 1825 . 9.466.486 lu 5 Increase in 1824 over 1323 1.175,302 14 2 WILLIAM IRV /NG, Inspector-Lieneral of Imports and Export. Inspettor-General's Office, Custom (louse, d " But t i re n n d i o t n i; : 3 1:!. -A rt l eiL ay I w B i 2' th s equal truth, that the effect of the Nes, Warehousing Bill is " to diffuse a portion of the foreign Ira to to the Out Ports." Let us are how that fact stands. The follow ing se...vont wia show the state of the total transit trade of Great Britain during the years 1823 and DM. An Account of the Value of the Transit Trades of Great Britain, calculated at the Of trial Rates, for the years 1223 and 1824 ending sth January, 1824 and 182... Va:ue of Foreign and Colonial Merchandise exported front Great Britain to Foreign Ports. t a, d. Years ended sth January 1 1824 - 8.588.995 18 0 1825 - 1 0 ,180,598 y 2 NVI LLIA :11 IRV ING. Inspector-General of Imports and Exports lispeetor-General's Office, Custom House, London. Ittli April, 1025. From which it wall appear that the increase upon the whole was . - X 1,599.800 11 2 Deduct thereform the increase in the port of Lon don, as shown in the previous document 1,275,309 14 2 Total increase Out-Ports . -1.224,29 u 17 y Making the increase of the transit trade in all the Oat-Ports of Great Britain 324.Z01. whilst, in London alone, during the !Ike period, it was 1,275,309/. IF. 2d. An official account of the goods received from the oat ports, and bonded in the London Docks is then given, far purpose of showing that instead of,the transit trade having) diverted to the outports, exactly th e reverse h as taken' place. " The truth is," the pamphlet justly observes,' " that at the outlorts no markets exist for the sale o goods for exportation in moderate quantities, and tha London being t'ie general emporium, the bulk of tbe transit trade will always centre there, from its contiguity to the continental ports, the extent of capital of tts merchants and facilities of reinvestment, provided always that the rates and.charges shall be moderate." By other returns, which are annexed, it appears that the increase i in the imports and exports of last year, as compared with the former, was no less in amount ian eight millions. In the tonnage of merchant vessels which entered the port of London in 1824 there was, compared with the previona year, an increase of 164,526 of British tonnage, and 10'2,993 of foreign tonnage. In the number of vessels moored be tween London-bridge and Mill-wall, exclusive of those which had dock accommodation, there was also a consi derable increase. In 1823 the number was 13,366; in 1824, 15,913._ After alluding to the crowded state of the river and the impediments thus created to its navigation, and a some what severe analysis of the evidence of Mr. Longhand., the " Refutation" concludes with the following observations:— " The subject of the state of the trade of the port of London. and the fact of its progressive and extraordinary increase, Mere the behefits of the liberal principles of our commercial policy have been enjoyed, has been gone into more with the view of exposing the falacy of the reasoning of the London Dock Company, and the inaccuracy of the documeotary evidence, &c. which they rely upon, than for the purpose of showing that such increase is neccasary the success of the St. Katherine Docks. By their own witness Cllr. Longlands) it has been admitted, that the St. Katherina Docks will draw away a large portion of the business from the London Dock Company ; and the means the Si. Katherine DuA Company will possess of affording accommodation to the p tbhe at less rates than the Lond n Docks, will divert the rest ; at haat it will always secure to the St. Katherine Dicke plen'y of busices. This must be manifest to every one. The St. Kaurerine Dock Company will be ennbled, from their comparativav small outlay, to reduce their rates Cia per cent. and !trill yield a dlvidriod of up ' wards of 6 per cent. to the proprietors ; theiebre, these means, if they shall think fit at any timer° exerciee them to the full extent, the London Locks must inevitably shut up shop, as 50 per cent. reduction upcn their rates would leave nothing to the pre. peietors ; the expenses of that establishment being halfof their in. come. Whether, therefore, the trade of the port shall increase or decline, is of nu vital importance to the St. Katherine Dock Com pany, us a body ; although, individually, they are deeply interested in its success. There will always be business enough to fill their data ; although the promoters entertain a sanguine expeetatior, that whenever moderate rates shall be enjoined by the publ:e, which was one of the principal objects of the proposed establish ment, there will be sufficient employment forall. and to conriuite with extracts from the last paragraph of the " Cautionary Pate.. phlei," the writer hereof is of opinion, that the character and' talents of the Directors of the London Dock Company, are such as to enure the SUCCCM of that establishment, to which tie it7l - lit/lents are not, as he conscientiously believes, insurmountable. "So desirable an object to the propriefore, cannot, however, he attained without a radical reform, and whether he shall gain credit for the sincerity of his declaration or not, he is prepared to state his anxious desire to see that important national establishment flourish, whit that feeling have most of his observations reeputiee their management been made, we he is conscientiously convinced that in proportion as it shall succeed, will also the means of ac commodation to trade increase, and thus assist in promoting the principal object which led to the measure of the St. Katherine Docks." _ _ Publicum bonum privato inceferendum est. With respt.et to the success of the St. Katharine Docks. we may add one consideration to those which their advocate states. The charter of the East India Dock Company will expire in about two years. The greatEr pat. of this business, we think, will naturally find it,; way to the New Docks, which will certainly be more con venient to persons in that trade than being limited to the warehouses at Black wall. Both these pamphlets are ably written, and the view cf each party is supported with great talent. The weight 0: argument is decidedly with the " Refutation." and the author seems to have felt it so much, that he has CPCC'3• sionally rioted in his strength. The •' Cautionary Obser vations" is evidently a work of more care and labour than the " Refutation." lkfore we take our leave, we cannot help suggesting to the author of the latter pamphlet. that Latin quotations are really a little out of place in the dis cussion of the comparative merits of %Vet Docks. On the 7th inst. Sir William Curtis was at Stockholm. on his return from St. Petersburgb. Sir Humpbrev Davy, Bart. is returned to his scat at Crce.ly, nearly recovered prom his recent accident. By an Ukase of the 12th June, the Russian Senate has published a decree, approved by the Council of the Empire• and sanctioned by the Emperor, exempting, all persons st tached to public establishments for education from having soldiers quartered on them, and from the payment of money instead. Gigs CYI.•Nt WH ALE FISH E nv..—Tinfavoueab!e intelli gence has been received as to the probable result of the i Greenland Whale Fishery :—Extract of a letter from Al tons, dated 22.1 July :-- The accounts from Greenland are bad. On the 91st inst., the Seadt Altons, a fine new ship, teturned bete. She left the ice on the 9th, having been severely damaged in endeavouring to plc' trate through the ice. She - brings- only 800 seals, and reports, that in the latter end tof June, es English ships, and all the foreign ships hail only fifteen slimness them ; the seal fishery is also bad, only one ship had a dionsand seals—the rettsm given of the lad fishing. ts it's' continuation of the strong N. E. winds, which bed ecca s'oned the strong ice to come (low ta, which could rut by penetrated." Harvest is now become general in the South of Do fl:e crops are good, and the corn excctletu.• 00 - ; U' 1 tra7 " 3111 plvi teur to t cons velvi •icn Co'ir Pige tied, and ties or i MOT Me , sabl top Mho atte Lila the, half it el lip hef Imi froi 'Alr the 1.0, ref., Ke anc die Hi l op Co;