The British Press; or, Morning Literary Advertiser.
London, England, 1825-01-26 00:00:00

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mend of capital, must share more largely than any other
nation in the prosperity of the emancipated colonies.
Their demand for European articles will stimulate the
industry of every country in Europe ; but Great Britain
alone is in a condition to reap the full benzfit of this lu-
crative commerce. France is well aware of this, and it is a
state of things which she by no means looks upon with
complacency ; but her Cabinet will take no step without
first sounding the views of Russia. However well inclined
she may be to hostile interference from motives of policy,
she will be restrained by motives of prudence, from ma-
nifesting this disposition, except in conjunction with, and
under the auspices of, the Cabinet of St. Poersburgh. It
ranains to be seen with what temper the Emperor
ALICIANDEA will witness the astounding spectacle of
eight or ten new-born nations beginning their career of
prosperity by proclaiming their independence, and Great
Britain, in defiance of all that is sacred in legitimacy,
" assisting guilt to fill its measure!" His Imperial MA-
insry will no doubt consider this as a deplorable issue,
and it is likely that nothing but the impossibility of oppos-
ing any effectual resistance to the course taken by Mr.
CANNING, has prevented our knowing very distinctly his
opinion upon it. But no resistance, even from the Triple
Alliance, can be of any avail. The Spanish Colonies owe
their freedom to the growth of knowledge, and to the in-
fluence of those causes which are gradually elevating and
improving the great Commonwealth of Europe. The truth
is, an alteration is going on in the whole frame of political
society, to which there Continental Sovereigns mut yield ;
it is in the order of Providence—and against that will it is
vain to contend.
There is no doubt that an expedition, consisting of three
Spanish frigates, is preparing at Ferrol ; but to what part
of South America it will be directed remains a secret. It
may be intended for the relief of the Castle of St. Juan de
Ulloa—perhaps only for the Havannah. 'We think the
latter destination probable, as the obstinacy of Spain, with

respect to her late American Colonies, begins to place Cuba
in rather a dangerous position. But if this formidable
armament should even succeed in giving supplies of food
and ammunition to the garrison of St. Juan, hoc► will
that affect the independence of Mexico? The continued
possession of that castle, supposing it could be held for
ever, could no more give the Spaniards power over that
vast Republic, than our garrison at Gibraltar can enable us
to rule Spain : nay, even less; for the Castle of St. Juan
de elloa is situated on an island in the Gulf of Mexico,
above half-a-mile from Vera Cruz.

We have seen private letters from Madras, dated the
18th September, which state that despatches had been re-
ceived from Rangoon, dated the 12th August, via Calcutta,
bringing intelligence of an attack upon the Burmese, which
was made with great spirit by our troops, under the com-
mand of Sir ARCHIBALD CAMPBELL. The British army
sustained a very small loss, and no Officer was killed•; but
the Burmese lost 5,000 men. We regret to state that
Major JOHN CANNING, late Aid-de-Camp and Political
Agent to the Governor-General, died at Calcutta, the Ist
September, at the age of 49 years ; his loss was deeply
deplored, being of distinguished talents and services, and
universally respected.

Last night we received New York Papers to the Ist inst
They establish beyond all doubt the falsehood of the wild
and ridiculous story published in the Boston Centinel as to
the defeat of BOLIVAR at Truxillo. The grant to General
LATATETTI has passed both Houses of Congress, but it
was opposed in each. In the Senate the Yeas were 37, the
Nays 7 ; in the house of Representatives the majority
was 166 to 26. The American Papers account for this
strange opposition by remarking, that " it would have
been out of unison with the character of their Government"
if the measure had passed without opposition. The cus-
tom, if it be one, would certainly in this case have been
" more honoured in the breach than the observance." The
discussion of the Bill for the occupation of the Colombia or
Oregon river, in the Pacific, has been continued. It
seems to be the opinion of the rosjority that a military post
' only should be established, though several Members are
strongly averse to subject the settlers to military law ; they
propose therefore that it should be a territorial government,
with the view finally of becoming one of the United States.
One Member asked a question, which we have often pro-
pounded to Americans ourselves— where it was intended
the limits of the United States should be fixed ? The fol-
lowing observations, which we extract from the speech of
Mr. TRIMBLE. comprise the chief arguments in favour of
the proposed settlement:—
" That the North Pacific Ocean was the richest ocean in the
world, and that the power which held the China trade, always had
held the commerce of the seas. We should make rapid strides to-
wards this sovereignty, by establishing a government in this terri-
tory. We are about to change our whole system of Indian policy :
it had been alluded to by the President, and was to be urged on
this House dyeing the present session. Our first policy had been
to divide the tribes ; the policy now proposed is, to unite and em-
body them all. If we do this, and bnng the tribes together, pursu-
ing the policy which Dison pursued during the war, we should, un-
less we had the fur trade, find it necessary also to embody an army for
our protection. Ile was not about to dispute the policy of embodying
the Indians ; but he wished to show the necessny of having the
commerce of the fur trade, and sending out hunters and trappers.
If, therefore, this new system was to be adopted, the policy of
establishing a post at the mouth or the Colombia river could not be
contested. If a military post be there, let persons also be sent
there to till the ground, and find the means of subsistence. He
was reminded that the soldiers could do this. So they could,
but it would be necessary to have families there; for it would be
unwise in the extreme to entrust the safety of this territory to a
mere handful of soldiers. !thymic upon massacre would be ths
consequence. The gentleman from Pennsylvania had spoken of
the dangers of separation. Those who looked at the 'Dins of men
in their closets, through the medium of books, might make very
wise observations upon the affairs of men ; but he preferred the re-
sults of actual observation, and he relied confidently on the wisdom
of Congress to place the limits of the United States, without enter-
taining any of those fetus which possessed the honourable gen-
tleman."

Consols opened yesterday at 931 for money, and in the
middle of the day rose to 94•, at which price they closed.
The transactions for dine did not vary a shade. They
were 9I during the whole of the day. The market was
free of reports of every description, which had a natural
tendency to keep prices steady. The Foreign Stocks were
equally clear of fluctuations, arising from the same cause.
The New Colombian Bonds were done at 91} in the early
part of the day, and afterwards fell to 90, which was the
principal variation of the morning. Mexican were at 811
to 8!, Peruvian 84{ to 81. The Brazilian New Loan
began at 3 premium ; it subsequently fell to 21, and left off'
at 31. The Russian 96} to f. The Spanish was 21 to
all day, and was rather sought after. IVhether the specu-
laters in this loan have received any private intelligence of
the improved honesty of the beloved Ferdinand, we know
not. The Greek Loan was at .57} to during the day.
The French Rentcs were quoted at 103 to 103 .50 cents.
Letters arc in town from Odessa, to the 31st December.
They contain no news.
The Leonora, which has arrived in the Clyde from De-
merara, has brought Guiana Chronicles to the 10th ult. ;
they contain no important news. The Chronicle of No-
vember 29 says :—" Attempts have again been made in
this town, by some worthless and unprincipled villains, to
set set fire to buildings and stores, in the hope of pillage.
Large rewards and redoubled vigilance, at no very remote
period back, averted the distresses of fire and plunder."
Accounts from Martinique state, that two brigs, with six
guns each, have lately carried into that island cargoes of
African slaves, to the number of 600, which have been
sold there.