The British Press; or, Morning Literary Advertiser. — London, England, 1825-12-26 00:00:00

Brwmiwiek.aquare, tailor—John Curling Jewson, High Holborn, hnendraper—William Tinsley, Arnold, Nottingham, blacksmith —Tboisms Bentinek Rigg, Caroline-place, Chelsea. commission arns—Alary Bromley and John (Whop, Commercial-road, cbeetersougere. SCOTCH SEQUESTRATIONS. Robert Adam, Paisley; grocer, creditors to meet Dec. 30, Jan. 13, at twelve, 114 at one, and 28, at the Sheriff-clerk's office, Pais ley, for public examinations. Alexander Thomson, Glasgow, merchant, creditors to meet Dee. 214 at twelve, at the Black Bull, Glasgow, to name an interim furor, and Jan. 12, at twelve, to elect a trustee. John Dewar Edinburgh, bookbinder, creditors to meet Dec. 28, at one. at Mr. Oibsun's rooms, Princes -street, Edinburgh, to mama an interim factor, and Jay. 111, at one, same place, to choose a trustee. Andrew Elliot, Portobello,. Etlinbunih; builder, creditors to meet Jan. b and 19, at one, in the Sheriff's office, Edinburgh, and • Jars. 211, at one, at the Royal Exchange Coffee-house, Edinburgh, for public examinations. Average price of Corn from the Returns received is the Welt ending December 17, 1821. Wheat. I Barley. Oats. I Rye. I Bea. l NW,. s. a. a. d. I. d. s. d. e. d. s. 41. 53 4 41 4 26 45 6 45 5 45 PRICES OF BRITISIa r• . Rank Stork par Cont. Red. pot 3pa Cent. 'ono. Pato Acct. 82 811 82i $2 . (IF FOREIUN ra 90 ----- Mite Acct. 61 6 Ditto &tip 16 15 di. ilatsccs Ayres Bonds 70 72 thditornltiza Bonds pm° Beads (1824) Ma fa ( . 10 Otto Acct. 11 9Ca 1 60 Danisb Bondi Limo Bonds (1/12:1) Ditto Acct. SU :E§ 01 'OCRS ON SATURDA Y. bong Ann. 19i India Benda lb 18 7 dia Ex. Itillalitl.l.ouoi. 21 27 13 dis Ditto, 3001.18 dis par Ditto, Small 3 ins par Lottery iliketa rrocks ON SATURDA . Greek Bonds (1M) 181 31 Ditto Acct. 18 Peruvian Bonds 40 Portuguese Bonds 88 9 Ditto Acct. t 9 Ditto Bonds (1822) 90 Russian Bonds ORM 78 7181 Ditto Acct. 771 Si 1 Spanish Cons. Ditto Avvet. 12! 12 Ditto Cons. (1823)911 'ARES ON SATITIUMI MINES. _ Share. Paid. Premium par Share. Anglo- 31 nitan XlOO 34 21 AagIo.(1111 an :trivia Iron and Coal 5O 7 2i di. Amserahan Company aravluin Bolt vat Milian Canal. Compeuy . Paaco-ruravian - West India Company ilia i ARGYLL. ROOMS. 4 dis AGRAND CARNIVAL, Wi de, the immediate directing of SIX NOBLEMEN, will as given et Ilse ARGYLL ROOMS, on THURSDAY EVEN ING Domaine 29. Tb'e Math reputation which these entertainments attained last year has - Induced the DIRECTORS to engage for the whole of the MASQUERADES to be given at the Argyll Rooms this sea son. Aad nosier the unction of the Noblemen who have honoured diem with their immediate patronage. • series of Masked KITES will be brought forward, exceeding all forma occasions in brilliancy, spiel:dour, and magnificence. In apportioning the FIRST GRAND MASQUERADE for 'Monday, the 29th init. the Directors have the pleasure to an. nounee, that regulations have been made by which the Company wi:l be rendered more select than hitherto. And the Nobility and Unary are vssv.red that Tickets will be disposed of to none but persons of rank, fashion, or talent. Families of distinction who may wish to unite in the festive tkneg, Gentlemen of Fashion, or Ladies of the Haut Ton, desirous of partaking of the true spirit of the entertainment by assuming characters, are alto informed that the annoyance and freedom of slisord, ly persons will be sttictly guarded agair.st, as officers in va eous dietitian will be stationed in the rooms, to secure ease and prevent interription to the Matupters. The Directors pledge themselves that the Masquerade on Tburs. day, the 29:h inst. will be the meet select, splendid, and festive en tetaitiroent ever produced, and worthy in every respect of the Ito prweed taste, sad the fashion and talent of the metropolia. rue TWINS *C Dotes to view the Masquerade apply to the sub. teann.ittee,vh•tit daily at Mr. CHARLES {FRIGHT'S, Opera etton natio, lihipmarket. Slr. Charles /Fright is appointed by the Directors Purveyor of the Champagne and ether 'French wines on this occasion. Witt tritiolt ~ ~~~1 KIN"' THEATRE. e SATURDAY Nczr i l be perfamed Mayerberes celebrated Opera of IL CROOIA 10 IN EGITTO, in wlieh Mademoiselle Bonin' will make her An: appearance In this teunt-r. Ti.e other principal Singers by wkom this Performance be sustained are. Madame Corneas (who will make her first ap. :el. Madame Costelli, Signor VellutL Signor Curio:ll, Signor re a r r tt? and Stisor Devine. the Ballet she following principal Dancers will perform agar Coulon. Madem o iselle Renaud, Monsieur Goeseltn, Mademoiselle I .araot, Montclair Theodore. MadeMolalle Paullu Mademoiselle Rae* Mademo:selle I.e Vaseeur, Mademoiselle Delatrl, aleidemoi sere Capere, Mademoiselle Oestrous. kc. ke. eke. Appl.eatlous for limes and Tickets to be nude to Mr. Ibers, Bdod-etreot. DRURY-LANE THEATRE. Tt. Cresting, MONDAY. Dee. MP. will be performed the Comedy of THE MERCHANT Or UMW& Saylo:k, Mr. Probst (Ms Ed appearanee on this Stage): Beasanlo. Mr.titialSeek i Lawmllot, Mr. Harley s Port* Mrs.W.West. e After which a new Pantomime called HARLEQUIN. JACK OF ALI. rRADES. marmqvia. Mr. Rowell; Pantaloon. Mr. T. Blantihard; Clown, Mr. nouthtly. Columbine, Miss Barnett. To-morrow, Der Fralsehuts. COPTRIVEi3AROE* - THF:ATRE. Tblitsisisf. XoNDAY, Dee IN, wUI be performed the Tragedy of IeABILLA. She•. lir. WoriNs Carlo,. Mr. Cooper ; Villeroy, Y. &Ms. Isabs.:a. After whteh 'sew Pantomime ealled HARLEQUIN AND THE MAGICK Roil; Or, E►U rY AND THE BF:As r. ifsrielate, Kr. Naar; Pantaloon. Mr. Parnell; Clown, Mr. J. E. Grimaldi; Columbine. Illoe Romer. Tomorrow. Rule a Wife and Have a Wife. TO CORRESPONDLNTS. Twat sae's letter reayecting the Arigna frnn and Coal Cato ay is altogether of a private nature, and can only be con. N e affbalseatent. Tbslarraess Pass, commenced publishing on Saturday agora ing at five o'cl.ck. , . LONDON, MONDAY', DECIIIHIR 96, 1621. The Cor.eite of Saturday contains the official announce teem of two important diplomatic a;pointments ; that of Lord Ponsomor as his MAJESTY'S Minister Plcniroten fiery to the United Provinces of the Rio de Is Plata, and that of Adze:mix Coderat o r, Esq. in the same ca padty to the Republic of Colombia. These measures complete t:.e political rccogniticn of those States. Last night we received the Paris Papers of Friday, with the iitoile dated Saturday. It appears by the 21funiteur diet the death of the Emperor ALESS NDER was known at St. Petcrsburgh on the 9th instant. The Grand Duke Nicnorats, after announcing the melancholy news to the Empress Mother, took the oath of allegiance to Cos/- gramma; 1, in the presence of the Imperial Guards, who immediately followed his example. Much grief has been every where manifested by the soldiery and people. The new Emperor had not quitted Warsaw on the 19th. On receiving the intelligence of his brother's deceasebe shut himself up in his Palace for thirty-six hours, refusing to permit the access of any body but his wife, the Princess of Loewirz• The subscription for General Foy'i family amounted on Thursday to upwards of 544,000 francs, nearly 22,0001. sterling. The French Funds have advanced considerably. The Five per Cents., which on Wednesday were 93f. apened on Friday at 95f. 50c. The improvement on the Three rcr Cents. was still greater. They closed on Wed nesday at sof. loc. and on Friday at 63f. 15c. (From the Moxiteur of Friday, Dec. 23.1 The official part contains a long ordinance of the King relative th e emfortDiti of s eights and MCWlllfr, throughout the kingdom. Nom Oacial Part. nous, incrataLa, cAeri:r. who DK out front St. Potetfutret on tits lOth and 11th of this tr.olith . have brought tae fullowing accouatol—. The death of the Emperor Alexander was known in this eapikal wa theft. The Grand DJite Nichalas dux having an:►ounced it to the Empress Mother, called together the guard of the Palace, and took before it the oath of allegiance to the Emperor Cp. stantine the First ; the guard took the same oath immediately after wards; all the Commanders of Corps, together with the Oceeral Stag, took the oath and signed it, and then proceeded to receive the oath of the troops of the garrison. The grief of the people and of the stitliert has shown how muc:. the Emperor Alexander was beloved and appreciated. It is known by letters from iVaniaw of the 12th, that the Em peror Constantine had not yet quitted that city. roar •tr PRINCI, mtvri, xor. 7. (FROM ♦ PRIVATE LETTER.) Yesterday arrived the Antigone frigate, which has brought Mr. Consul. General of his Christian Majesty, and two other French Consuls, appointed to reside in the port of Hayti. The greatest tranquillity continues to prevail throughout the Island, and we look forward with confidence to the resul:s of the minion of our envoys to Paris. The Antigone brings the first news we have heard of them since their departure for France with Baron Mackau. There are in our port six French merchantmen two of which are or Havre, Le Cosmopolite and L'Heureuse Union, two of Bor. I demur, L.Albinos anti La Revanche, and two of Marseilles, L'Aim able Pauline and Le Telcaphote. The Revanche is to sail fo r Bordeaux to.dsy. [From the Eloik dated Saturday, Dec. 24.1 PARIS, Dec. 25. Private letter from St. Petmburgh announce that the Empero r Alexander, who had refused the aid of physicians till the 2thh, confessed himself on that day, and from that moment received the aid of the physicians. It would be in vain to attempt to describe the painful sensation caused at St. Petersburgh 11 the news of hi s death. There Is a cruel mixture of affliction and hope with which no:bing can be compared. • The population of Moscow were in consternation, as if they had witnessed a new (Vitiates ; and the grief of the Empress Mother encaseds that of any other person. She has lost a son and the, Russians a father. The Emperor Constantine remained shut , tp in his palace fo r thirty-six hours, plunged in the most profound grief, and refusing to we any body, except the Princess of Loewits, his wife. [From the Journal des Desalr of Friday.] BEactx,Dzc. L 5. As 'lion as official news is received of the death of the Emperor Alexander, Prince William, his Majesty's son, will go to St. Petersburgh to compliment the Emperor Constantine I. Fata-cti Etntne, Dec. A.—Five rcr Cents. opened at 951 He. closed at 931. 13c.; Three per Cents. opened at GM. 40c. closed at G3f. 13c.; Bank Stock 2,040; Neapolitan Rents 74f. oc. ; Royal Spanish Loan 49i; Haytien ditto 790. Exchange on London, one month, 234 14c.; three months 24f. GOc.—Coors Asllentiyec. The Brumls Oracle of Thursday arrived yesterday. The only intelligence it contains is relative to the death of the Emperor A LISA N Dee. An extract from the AN r +wine Zeitung of the 18th inst. announces that an express reached Vienna on the 13th from Warsaw, of the follow'ng nature : WARS•W, DIC. 10. Today the most melancholy intelligence arrived hers that the Emperor Alexander died on the Sd of December, after a short ill ness, which seized him on his journey. The consternation at this unexpected event is boundlesv. Thenews had such an effect on the Exchange at Vienna that the Metalliqucs fell to 89k, and the Bank Shares to 1146. Two days previously they were quoted in the Aut trials Observer at 93 3-Stl►s and 1198 4-sths. The passing of couriers between Paris and Amsterdam is very frequent. Five or six go daily. We have received Papers from New York to the 2d and from Boston to the 30th silt. They supply us with searcely a hac of political intelligence. Another State is following the example of Georgia in manifesting Its Minn- tent with regard to the conduct of the Federal Government. Governor DESHA, of Kentucky, in his last message to the Legislature o( that State, complains in the warmest terms of the encroachments of the national authorities upon the rights of the States. To appeal to the Federal Courts at Washington is, be says, only a voluntary exposure to insult, as in them the tyrants themselves sit as judges in their own causes. Such is the language in which the Governor of a large and populous State deems it fitting to express himself concerning the executive and judicial officers of the general Government. Though neither Governor Taovr nor Governor Desna may live to see the Union dissolved, it is qutite clear that they arc laying the foundation of civil dissensions, which will ultimately, and perhaps at no distant period, break up the federation, and divide it into seve•al small And comparatively insignificant portions. Commodore 111tDoNouoit, of the American navy, died on the loth ult. on board of the brig Edwin, on his return home from Gibraltar. His funeral obsequies were cele brated with great pomp at New York. The most distin guished honours were voted to his memory by the corpora tion of that city. The only news from South America in these papers is the following:— COLOMBIA. ..... Carthagena Papers to the 20th October, and Bogota to the Gth, have been received by the editor of the Bait inwre Gazette. Don Pedro final had left Bogota for Panama, as iiliniater to represent the Republic of Colombia in the Congress of American Republics. The Coneo de AlagOalena of the 20th October, contains the pro ject of a decree for removing temporarily the seat of government of Colombia front Bogota to Ocana, as a more convenient and acces sible situation foe the receipt of information and the exercise of the furctions of government, from its proximity to the navigable rivers. It is proposed that it shall remain there until the Congress desig nates the place and plan fur building the 'permanent Capital of the Republic, which is to be named the city of Bolivar. Ocana is situated in a pleasant and fertile country on the Rio del Oro, about squi-distant and nearly in a direct line between Bogota and Santa Martha, being about 220 miles front each ; the removal of the offices and officers of government is proposed to be made before the first day of June, 11126. A letter from Carthngena, to the Editor of the Gazette, under date of V. 41 ult. says:— A dispote• occurred tat Bogota) between Mr. Watts. American Secretary of Legation, and Senor Miranda, son of the famous General Miranda, the nature of which is so dif ferently reported that tshall not touch oa it, but the issue was that Miranda horsewhipped the other on the race-course.-IVatut is said to have hursewhipped in his turn, and when the last post flame away, a fleeting had been flied, with seconds of high respectability ett bath sides. End as it may it fru diwagrestabfe ahTslr, and Much to be deprecated. The return of Mr. Anderson to Bogota is looked for anxiously." The same vrlter,"under date of Vid October, says—" A large Olio of war is announced in the offing, sunnessd to be one from Europe (or this Government—l just learn sl eis one of those pot. chased for Colombia in Sweden." - - . PRICES or STOCEII.—N z w YOll i, Nov. 30.—United States' Sixes, 1813, 101 sales; Four and a half, 1332, 100; Ditto, 1833, 1011 ; Canal Fives, new, 116 ; Corporation Sizes, 100/ to 1001; Ditto Fires, old, 106. flanks—United States, 112 sales. When we consider the vut progress which has been made of late years in the science of political economy, and how ably the principles of commercial science have been illustrated, by persons well skilled in all that relates to its . ' practical detail, it must excite surprise to find the very important subject of paper credit so ill understood even by the generality of those who ought to be well studied in it. We attribute this principally to the lamentable want of knowledge on the part of those persons" who, having the chief conduct of the newspaper department of the press of this country, propagate, from day to day, the moat absurd and erroneous notions on the subject of paper cur rencyf-and private bankers—and country banks, and what ever is connected with public and private credit. ft is to these erroneous notions so widely spread abroad, and to the reasoning grounded upon them, that we may chiefly ascrile the alarm which has so deplorably shaken that confidence which is the sole support of credit, and which has so vital an influence in the affairs of commerce, that,without it, we could not exist six months as a commercial people. The dreadful shock which the mercantile world has so recently nrgof i felt—and which, for some time to come, will not cease to vibrate—naturally serves to excite a general interest as to the true nature of ba•:king establishments and to the ope ration-of what is called paper credit, and we therefore feel it our duty to draw the popular attention to these most im portant sabjects, and, by so doing, to remove, es far as we are able,those mistaken opinions which,with the very worst de signs, have been ro industriously circulated by the agents of faction, that look to their attack on public credit as to the grand means of effecting that radical change upon which they have been so long intent, and which they never cease working•—under ground and above ground—to accomplish. In the first place, the broad and general answer to those who declaim so loudly and so incessantly against ►he ruin ous consequences of paper credit is this—neither Great Bri tain, nor any great commercial kingdom upon earth, could exist without it. Were our paper circulation to be entirely and at once annihilated, all the gold and silver in circula tion throughout the known world, if it were to . come into the ports of Great Britain to-morrow, would not furnish an effective medium of exchange for all—perhaps not even for half—the demands of, our internal and foreign com merce, added to all those pecuniary engagements which enter into the transactions of private life. As to the mass of invective, therefore, so profusely poured by the Times journal against " bankers" and " paper-men," as if they were the bane and curse of the country, and all the trite imbecility with which it declaims on the evil of paper cre dit, it arises from the mercenary spirit of stock-jobbing, but serves nevertheless to forward most essentially all the mischievous machinations at the faction to which we have just alluded. To understand the subject properly, and to simplify it as much as possible, let us first ascertain what is meant by the term credit. Every man who enters into any engage. ment with another, does it on the credenre, or belief, that such person has, in the first place, the means, and in the next the integrity, to fulfil on his part the terns of their mutual compact. It is on this belief that be acts ; credit then is, currently speaking, but another word for confi dence, and to rail against it therefore is manifestly pre posterous. Let us neat look to the different kinds of credit, or, in other words, the different modes in which confidence is manifested. If a snore stria parts with his goods to a customer who is not immediately able to pay for them, be does so, trusting to his word that lie will pay for them at a time specified, having previously such a good opinion of his honesty, either from personal know ledge or general character, as to credit his premise that he will fulfil his engagement at the time stipulated. As the transactions cf )IXIICTIANTS are conducted on a larger scale, the great trust which they mutually place in each other requires that the punctual performance of their pe 'euniary engagements, being to a large amount, should not be confided to a verbal promise ; a written obligitio3 is therefore given to pay the value of the goods at a future time specified. Hence arises what is called paper credit, and all those dgerent securities of whatever kind—whether bonds, notes, hills of exchange, or of whatever description come under the general denomination of paper money. One manifest advantage which was found to attend this written security was thia:—a debt resting on a verbal promise to discharge it at a given time was no way available, in the interval, to the party to whom it was due. But it became a the holder could apply it in discharge of those obligations which he, in the course of his dealings, had contracted with others. We have here given—stripped of all perplexity—a brief view of the origin and operation of paper credit and piper money, which have been pronounced by a certain class of writers to be the muse of all that mercantile distress which they have taken so much rains to aggravate. It will be seen from the view we have here given, and the fact is worthy of remark, that paper was not at first substi tuted in the place of specie. It was introduced with no other view than of furnishing evidence, in the first place, of the existence of a debt, and, in the next, as a security forthe discharge of it. But as commerce began to increase, and to require, from the augmentation both of the quantity and the price of the articles interchanged with foreigners, a greater demand for the precious metals titan could be conveniently withdrawn from our external circulation, it was soon discovered that negotiable paper, being equally with gold and silver a representative of value, might be made to supply its place with great advantage, and that not only the portion of those metals required for the pur poses of foreign commerce might be thus replaced, but that a circulating medium, far less expensive, and infinitely more convenient, might be introduced into all the channels of domestic trade, and ha made at the same titne'to furnish a proportionate stimulus to every species of industry, and to infuse new vigour into ever Insfieh of manufactures. As a medium of exchangtn i all negotiable paper is just a s truly a representative of vnlae f ts die gold and silver in com mon-with which it circulates. When a ten-pound bank note, for example, is as readily received in exchange for goods to the value of ten pounds as ten sovereigns would be, the eschangeahle value ocboth is manifestly equal. It is insisted, we know, that ;airless the whole amount of bills and bank-notes in circulation arc, at any time, con-• vertible into coin, their value is unreal and visionary, and coi.sti.utts a fictitio4 Capital, which vitiates the whole system of that corm. which it serves to up hold. Now this we de • One great error on which this doctrine is grountlegicrises from confounding the value of rein with ttre - 406 of cdmmodifics. ' Gold and silver will neither' heti ,nor clothe their possessors— their value consists ithok in the common consent with which these metals are received in exchange for every ar ticle that can minister to the wants, the conveniences, or the luxuries of life. Now a fifty pound note of the pack of England, or a fifty pound bill of exchange of a merchant of known wealth and intixrity, does not derive its value 'from its being convertible into cash, but from its being convertible into goods: The holder of either, if he wants its value in timber, in tea, in corn, in silk, in broad cloth, or in any other article, of whatever kind, knows that it will be just as readily received in exchange for it as if he counted down the amount in hard' coin. This convertibi lity, then, of the bill and note into goods, gives them clearly the same value; a a circulating medium, as if they were convertible into ea*. . As to the objection urged by the antagonists of paper credit, that it is so much "fictitious capital," this we also hold to be a great error. It a manufacturer, having arty thousand pounds worth of goods ,in his, warehouses, and an equal amount embarked'in the machinery of his manufacture, has bills out to the amount of ten thousand pounds, or in other wcrds has a met credit to that amount, with his correspondents, which lie has ample means of discharging in the regular course of payment, can this credit be (de nounced as so much fictitious capital ? Is it at all more fictitious, whatever may he its amount in the aggregate, whether five millions or fifty, so long as it it seecirecl by onpla funds ? It is only those theorists that run in and out of every track of reasoning, like hounds at a fault, that can write thus vaguely on subjects upon which they are so ill-informed. It is a fault; indeed, that we have too often to find with several of our writers on political economy, that their arguments never land us on any sure foundation. No sooner do we pause to reflect, than we find ourselves erifted on a loose sand, with th: wreck of systems" on every side of us. The public ear has been stunned of late with the, out cry against " speculation" and " speculators," and no en deavours have been spared to inspire a feeling of hostility against the Bank of England, and against all banking establishments, as having fostered this extravagant spirit to its height by the readiness with which, for mercenary pur poses, they have ministered to it. No charge can be more unfounded. As to all the cant and nonsense which has been dispersed abroad as to the ruinous consequences of " speculation," it is enough to remark that the spirit of speculation is but another name for the spirit of enter prize. All commerce, in fact, resolves itself more or less into it; no public undertaking—no mercantile adventure— could be begun without it. No purchase is made in the whole round of commerce, from the imports of foreign merchandise that fill the warehouses of the merchant, to the little assortment of commodities that fills the pedlar's pack, but are made on speculation. It is essential to the effective employment of capital. Sotne speculations, no doubt, may.end in loss, and some in absolute ruin; but what is this but to say, in other words, that all men do not calculate with equal foresight, or employ their capital with equal pru dence? But does any man of common sense, or common ho nesty, feel himself called upon on this account to cry down banks and bankers, and to do his utmost to destroy the springs of public confidence and the resources of public credit? Let those writers who rail so loudly and so in cessantly against " bank notes and paper currency "—let them inform the world how the daily payments of this great commercial metropolis—to say nothing of the rest of the kingdom—are to he made without a paper currency— without the notes of the Bank of England, and without those private bankers, who in London make so important and indispensable a part of the mechanism by which the pecuniary engagements arising out of its vast commerce are conducted; and conducted too with a regularity that be speaks the value and excellence of the system. Let them show how all these aids may be dispensed with, and by what other machinery they may be supplied, and they may then put in some fair claim to be listened to; but till then they would do wisely to abstain from sending forth all those crude and foolish notions by which they are daily putting their ignorance on record. As to " excessive con fidence," about which so much has been said, anti to which all the commercial distress and embarrassments have been ascribed, the term is extremely vague, anti is applied with so little real meaning, that we may dismiss it with ob serving, that very few persons are gifted with a confidence so superabundant as to induce them to part with any por tion of their capital—whether it be in money or in tnanu factures—without any rational prospect of profit. There is wariness enough in the world to prevent the evils of an tinreflettive liberality from running into any great exeva. As far as it may arise from an inconsi derate love of gain, the principle carries its own cor rective alcng with it.: No man can look into futurity, or see "which grain will grow and which will not ;" but if ttirlittlWantile world had no shock to apprehend greater than is ever likely to arise from an excess of confidence, its general prosperity is not exposed to any very serious danger. We abstain from touching at present on the relative value cf the market and mint price of gold, as affected by the quantum of paper currency. Our limits oblige us to defer the oonsideration of this and other topic connected with this important subject till a future day! M. shall resume it as early as our leisure will per.nit. CITY, SATVADAT EVENING. There has been a considerable improvement in the prices of every description of Stock to-day, and Money has be come so extremely abundant at last, compared with what it was only a day or two bark, as to justify the opinion that the advance will continue still flirther. On the opening of business this morning, the greatest eagerness was dis played by the dealers to purchase at the closing Prices of yesterday, but the first quotation of Consols tor Account was sli, and in a few minutes touched IR?, being a rise cf nearly one and a half per cent. on the lowest prices of yesterday. In this state of the market there was what is technically 'Witted much realizing, and to such an extent, that'Clols for Account fell to 81i, and fl uc t ua t e d throughout the a ternoon between this quotation and 621. In addition to the plentiful supply of money, the ac counts from Paris, communicating arise of warly two per cent. in the Funds there, have induced many of the specu lators to turn their accounts. In Money Stock there has not been much doing; the rise, however, has been in the same proportion as that which has occurred in Cor.sols for Account. The first transfer day in S per cent. Consols, and the New 3 per cents., &c. is on the 7th of next month. ...... The current rate of interest of money on Stock and Ex chequer Bills to-day is not more than 3 per cent., which is a novel and very important feature at the present tno ment the latter have been sold at a discount of 2s. only, and India Bonds at 7s. die. Not a single 'Ohre has been declared up to the close of business this aftersoon, and the general opinion appears to be, that unless the Funds shall be subject to much more extensive fluctuations, there will be but few defaulters on or before the Settling-day. The appearance of the Foreign Market has been much more cheerful to-day, where the prices both of European and SoutisAmerican Secu Sties martin on theadvance. New, Colombian Bontkshave riren from 68,i to GO, a n d are f ree l y purchased at thisAprovement. The Mexican New Bonds have experienced itasoilar elevation, having been done as high as 631. Brazilian Bonds have also reached 66, being an advance of three per cent. since yesterday. The fluc tuation in Russian Bonds has amounted to 11 per cent., and they closed this afternoon very firm et ;81. The New Greek Bonds, on the contrary, have be e n very h eavy, having receded from 174 to 164. Some few sales of Spanish Bonds were effected at only twelve, being a. fall of rather more than one per cent., but they closed one-half per cent. higher. • We are assured, upon good autbo:ity, that Lord Coch rane is gone to join the Greeks. • Lisbon Gazettes to the 15th inst. inclusive have been received. The Gazette of the 12th contains a decree to the following effect:—" The importation, trans-shipment, and re-exportation of brandy, vinegar, and all spiritous liquors from foreign countries, being prohibit e d i n • P ortuga l an d Algarve, it is not to be expected that the brandies, &c. of Brazil can claim an exemption from this general and abso lute disposition, since the ratification of the treaty of the 29th August, 1825; but to prevent any . misunderstanding, and pretensions contrary t o th ese princ iples, which would be in contradiction to the recognised separation and lade pendEnce of Brazil, his Majesty expressly declares, that the brandies, &c. of Brazil are inoluded in the said prohi bition. NOtwithstanding, his• Majest y. is pleased to all ow the brandies, &c. of B raz il t o b e rece ived for the present, on the same terms as before separation, unless his Majesty gives orders to the contrary." . Tho Infant Den Miguel of Portugal continues to reside at Vienna, where it is believed he will pass the winter. His intention of going to St. Petersburgh seems to be' absn- THE BRITISII F - FRENCIr PAPERS. [From the Etuik of Friday.' ants, DKr. 22. Lettds from Berlin, dated Dee. IS, state as f o ll ows: " As loon as our Court shall receive the official news of th e death of the Emperor Alexander, Prince 'William of Prussia, s e , to the King, will proceed to Sc. Petersburgh to com pliment the Eau perer Constantine." The Augsburg Universal Gazette contains the following article, under date of Vienna, Dec. 13, received by an extraordinary vac: reyance : " On the 10th instant the sad news of the death of the Em. peror Alexander, who died on the third, after a short aim; which attaekcd him on his journey, was received at Warsaw. Th; consternation produced by this unexpected event wee einaordi, nary." The 3letalliques have declined to ffiti, and Bank Stock to p(& One j emmie d When we consider the nature of theism. try which the Emperor Alexander went to visit, we cannot be asto. niabed.ar the.oralady which has terminated his life. and which. acco rdi ng to the best accounts, was a bilious axe, putrid fever. The sea of Azoph, more properly called !'alas Afevtides, is in mac ) places a pestilentia. marsh,, spreading neia nna l a and fogs arace l The Emperor, in enteriag the Crimea, had to pass along a great part of the arm of the sea, called the Putrid Sea, the perr e : ll4 abode of marsh fevers. Some days before the journey to mech. men, Alexander had been to visit the country of the Comas, oral especially Tckerkask, a city built in an immercse muddy No a h, and where many travellers in passing through have experi caced very dangerous attacks of fever. In addition to this, the are, is a great, portion of these countries, are hard and brackish, y et i bad, that even the inhabitants cannot drink them without SUOMI. Menee. It was through exposing himself to all these dange r% which a-e described in the travels of Pallas and Sujef, that the Lai. peror caught the disease of which lie died. It may be said that this great man - has sacrificed his life through his desire person a ll y to watch over the welfare of his people." Letterefroni Madrid state, that the high price of bread ot the 10th instant excited much discontent in those parts of the city which are inhabited by poor people. Considerahle crow / assembled at the doors of the bakers, and it Is stated som a acts of violence were committed. On the 11th them was still more disorder. The bakers have remained firm, arid tranendlity appears to have been re-established. It is difficult to conceive the reason for enhancing the price of bread at a moment when the pries of corn is so very low. The Police Authorities have met to coml. der what measures might to be taken. It is raid that the proseeu. tim of the individuals implicated in the conspiracy of Heerlen's, is to be carried before the l'ouncil of Castile. It is added, that those who are only-exiled, and against whom no judicial charge has been preferred, will be recalled. The Consultative Junta closed its sittings on the 10th, and submitted to the approbation of the tioverntnent the draught of a law for eeppreadng the Juntas of Purification. By an Ordinance of the 11th of December, the King of Spain has granted to the widow of the Baron d'Erolea an annual pensice of eight thousand Teak (2,000 f.). half of which is convertible, ie equal parts, to the maintenance of his children, till they shall be otherwise provided fur. hi. 'Lea rermudes set oaten the 11th for Dresden. ASCEIYSIUN ISLAND. Ilia Majesty's ship Tees, on her voyage ho mewar d , touched at Ascension, which island is rapidly rising into usefulness and importance. Through the zeal and ability of Colonel Nicoll, and hit indefatigable party of sixty ma. eines, this heretofore almost barren spat has been made to produce abundance and variety of vegetables, consisting of French beans, sweet potatoes, leeks, !parsley,. canine, tur nips, mange! wurzel, cabbage, pumpkins, green pease, let tuce, spinach, cress, mustard, beans, chillies, watermelons, musk melon*, bananas, and Cape gooseberries. Alre a dy the whole African squadron refit and water there.—During the lost eighteen months, 56751b.5. of vegetables have Leen suppl 4 I to various merchant ships which have put in there. The Admiralty have afforded every means of improving the island. There is no custom-house, port, or anchorage clia-ges of any description, and all merchant ships in dis tress are ordered to be supplied at the same rate at which Government lay in their. provisions for the Navy, so that no imposition of any kind is suffered, one price is only asked or taken for every article, 3,1. per lb. dead weight (except ing fowls, which are three foe • dollar), pigs, goats, sheep, oxen, &c. which is never suffered to be exceeded: a very curious eel is taken in great plenty, which is called the As cension lamprey, it take• and pents with salt equally well, se/ that a rioh and wholesome dish can be had at the ex pense of 3d. per. lb., to last all the way home; it is used either boiled for breakfast, or boiled or f r i e d for dinner. A rapid improvement is every day taking place in africul ture anti horticulture, as well u road making, building, &c. A turtle-pond of larger dimensions is almost ready, and turtle are to be had all the year round, but the mums for turning them is from December to June; ships are supplied with them for the value of about 3d. per lb. of meat, without .bone or shell, and any thing taken in er... change they may have to spare, such as tea, sugar, coffee, rioe, grain of any kind, or plank, spars, &c. for boat anti house...building or mending. About forty tons of water are kept constantly in readiness for ships iu want of this neces sary article.—llampshire 7'elegraok. On Monday and Tuesday his Majesty's royal bounty o: five shillings each was distributed to eight hundred peer aged men and women. At the same time thirteen shillings a-piece, called the Gate Money, an ancient term for a cat tain bounty of the King, wu given to 168 poor aged men and women. The distribittion was made by Mr,lla , iby, the Secretary to the Lord High Almoner, at the Royal Almenry-oflice, Whitehall. As 'yesterdaj was Christmas-doe, the Duke of York, being rnoveted from his attack of lumbago, left town for the ILodge in Windsor Park, to spend the day tad dice with his Majesty. " Saturday morning Sir llerbert Taylor wanueted military business with the Dube of York, at his house in South Audlev-street. On Saturday morning, about eleven o'clock, the Chan cellor of the Exchequer arrived in town, and, after trans ecting business at the Treasury, during the day, left Lon don soon after five o'clock. On Satdrday Mr. Rufus King, the American Minister, transacted business at the Foreign-off/be, Mr. hunter, sen., the Kiig a are:genre, performed his journey fl•om Madrid with west speed, being only eight days on his way, having.left Madrid on _die 11th instate. He arrived in London last :Thursday night, although be was unavoidably detained in Paris near twelve hours. 'The Attorney-General, Sit J. Coplty, is carrying on his canvass at Cambridge with great'activity. If great talent and upright constitutional -principles can insure success, his friends have no disappointroesit to fear. The Moniker of Thursday contains two Ordinance?, by which the Chambers ate summoned to meet on the Sist January next, for the regular session; the Chamber of Peers is ordered to assemble especially on the 13th of Feb ruary, on the ;affair of Ouvrard. -A third decree raiies . Beausset-Roquefort, Archbi s hop of Aix, to the digaitY °I the Peerage. The Ossereatore Triektino, of the 6th inst., says, "p 1 A ship which has arrived here to-day, in six days from Prevesa. we lawn that tho Capitan Rkha's fleet appeared before Alisadlonghi on the 23th of November, and that the surrender or that fortress was in consequence thought to 'be near at hand. It was said, that the Government of Missolonghi had left the place on the approach of the 9eet, and had fled to Zante. It was likewise said that Ibrahim Pacha had sent to K4ypt, on hoard firty transports, many Greek families, whom he had taken prisar.ers on his expe dition to Mistra." In the Sitting of the Rtpresentatite Council of Geneva, on the 12th inst. M. Molten, sop or the friend of Jean Jacques Rousseau, propased to erect to that Free sill co . monument in the Isle der Barques, is tituatcd in the Rhone, at its entrance into Geneva: The proposidon was unanimously approved; and yet„for sane reason not stated, was not adopted. The treaty between the Hanseatic cities and England is to regarded as the natural consequence of the new adapted in the English customs by the British Govern" t and we arc Pith: surprised at the advantageous .which it secures to the Tree cities, when we rcfitct on the market which this treaty Opens fior the products of English industry. Hamburgh a beyond. doubt their first market in Europe, as nearlyai thousand vessels bearing the flag of this country pass ,up and down the Elbe in each year. — Erode. The Government of Aziaf, in which the town of Taco' sox is situated, coutposea of all those countries which Russia acquired by the peace made with the Turks to 1774. Taganrog is a fortron with a fine ports 641 ' 11 leagues and a half from the month of the Pon, I under 47. le. of lat. and 55.: 57. of bong. It was construct ed in 1559-by_ Peter I. after the liking of Mot. By the treaty oftlan Pruds be was obliged to raze it in 1711, b ut it WU again established in 4769, at the beginning of the arr. {HC G 0 o ja.; te inquire 'P t be av to „k, he -In 150 , n years inh of g i crit 9., lie Iva it was iJ bec" ' that , rgt h was hab it ; EALS6 icAution, 116 COEIVeT O triOUS ot thst 11°111g o ril n ".uk ' e eg ai P r nakel a Fad :pre ON and" the i, it c Ithor of *us and This sal ragli true laves, in! THE F t i ll was o vas foulT 611:1•Lvi: 141lowiog "rare, if sitirpi; was ego the first to the fi "I a: pieces o written not ma market, hanging waa sea had Leen pe neat ' there I We I tins 11 Upon tl dnpei. aid no had he artful)! villitir her a 't be bad n of th iutt t lains on 10 hid; .--Li 1. , . easy LC from I'itrks. s e rtiul in the E ate an°t ptERYS, :e a ver: 1, LIDA ut thi derth Kl am I ve mime Ikea a fpnrig i l*wis Yoe Peth is himsel of Yor and re' tem of try are no[ rc They give u Work