The British Press; or, Morning Literary Advertiser.
London, England, 1826-08-05 00:00:00

!From the Pilate.]

have now before us a letter from Madrid, conceived in the
following terms:—" It appears that the affairs of Portugal are
about to give a better turn to those of our own country. :tl. Reca.
cho is at this moment with the King, who they say is almost de-
termined on adopting a new order of things, convinced by expert.
ence, and the wise observations of men who love their country, that
in pursuing the present course there can be nothing for Spain but
misery and &opinion. It is said that the French Goverment. on
its part, has spoken frankly to the King on the necessity of giving
to his subjects a Constitutional Charter, on the same basis with
that of France. It is declared its consequence, that the new Minis.
try which is to carry this alteration into effect is already named. I.

the Count d'Ofalla is to replace the Duke del Inf IIA Minis-
ter for Foreign affairs. 31. Fernandes del Vino is to succeed 31.
Calomarde, as Minister of Grace and Justice. 31. Recaeho is to
be Minister of the Interior (tlii4 office is a new creation); and,
lastly, Messieurs Cror and Juana Pinilla are to replace, the first
31. Zambrano as Minister of War, the second 31. Ballasteros as
Minister of Finance. The Minister of Marine, M. Salazar, will
continue to bold his portfolio. It appears that an amnesty, without
restriction, is to be prepared immediately. All the persons to whom
the amnesty extends may enjoy situations under Government with-
out any of their former political opinions being considered an ob-
stacle."

We hope. for the %Ware of Spain, that all this intelligence may
henna:used. _ _

[From the COn/nintinitnt./.1
CONSTANTINOPLE, JI'LY 1.
Blood continues to flow by the sabre of the Amours, and of some
wretches enrolled under the banners of the Sultan, which are those
of anarchy and murder. A son of Yell Pasha, the son of Ali of
Janina (like railer like son), issuing from the obscurity of the Se-
raglio, in which he had been shut up with the itchoglana, distin-
guishes himself at the head of the Purgators charged with the exe-
culian of the suspected Janissaries, anti of those rich persons who
are designated as Janissaries. The spoils of the rich have befiene
the prey of the soldier, and the populace is its abundance, in coese-
quence of the provisions which are given to them, in order to
Induce them to lend a hand in the great work of the regeneration
of the ormnian empire. Every individual known for his senti-
ments of hatred against the Janissaries has a carte blanche to
do as he pleases. Thus it his pleased Mahmoud 11., who
cried out. in a sort of inspiration, " Kill ! my friends, kill
Allah knows his • own, and be who is not for us is
against us." It has not been found necessary to repeat
this twice, and it is a pity to see what passes, if one did not know
that those vanquished to-day will do the same thiug as soon as they
gain the upper hand. These barbarians, besides, are doing justice
upon themselves, and in that point of view Heaven protects the
cause of the Creeks. Would one believe, for example, that the
Janissaries, who arc thrown by detachments of thirty prisons upon
the coast of Asia, are all killed, if a single one of them does not
appear at the cull the moment of their embarkatien or disembarks.
Lion. Thus twenty-nine individuals answer with their heads for
the escape of a single proscribed person. They even make use of
this pretence in order to kill them by sending fewer victims on
board than are inscribed on the taken& In the midst of these
bloody orgies it is impossible any longer to conceal the revolts in
Adrianople, Silistria, Sophia, Butschuk, and the fortresses
on the Danube, where the Janissaries have proclaimed,
3lalimoud the Second to be an apostate, a destroyer of
the Religion of the l'rophet, and an enemy to the true be-
lievers. It appears that anathemas am joined to this seditious
proclamation, against the Armenian 31uphti, and that every body
runs to arms. Things are still more menacing in Asia Minor. and
it appears that the . lollah Hundglar of Iconium, Spiritual Chief
of all the Janissaries of the empire, has declared the Sultan, the
Muphti, and their adherents, gisiours (infidels), senates (heretics),
and several other titles of the same sort, so that everywhere there
is schism, political and religious, and something still worse, for the
glorious empire of Turkey is menaced with a general convulsion.
In a few days I shall probably have to announce to you a reaction,
for things go on in a way which will accelerate terrible events.
The number of executions since the 25th June amounted to more
than 50110, in Scutari alone anti the Straits, which make a thousand
individuals despatched every day.—Allah Kerins (God is great.)
Far:Not FI*NIIS.—PAP Is, Ato 2.—Fiveper Cents. 10th. 20c.;
Three per Cents., 63f. 90c. ; Bank Stock, 2020 f. ; Neapobtan
litotes, 72f. 25e.; Spanish ditto, 8; IRoyalSpanish Loan,
Exchange on London, one month,2sf. 65e.; three months, 23f. 30c.
—ewers Aathcatisitte.

The more we consider the subject, the more we are per-
suaded that there is a sort of alternate rise and fan—a sort
of summer and winter, in the state of trade, which neither
foresight can prevent nor wisdom remedy—which depends
on causes, over which human ingenuity can exercise no
controul—which begins, proceeds, and terminates by laws,
as fixed and as immutable (generally speaking) as those
which regulate the motions of the heavenly bodies.
Though we may alleviate our sufferings—though we may
provide for such crises, by contriving methods to protect
oursely's against their consequences—all the endeavours of
the human mind, as at present constituted, will be found
incapable of effectually preventing such seasons of Gala-
' mity. An article in the Eilinburgli Review proposes
three remedies for the present distress. After going into
a long detail, to show that over-production is the cause of
the late revulsion, and making an observation on the
encouragement given by Government to speculation, by
promoting the reduction of interest, thelteviewer concludes
as follows :

We hope we have sufficiently indicated the various means by
which the temptation to engage in these improvident enterprises
may be most effectually diminished. and their pernicious conse-
quences mitigated or averted : the first consists in the establish-
ment of such a system of free intercourse with other countries u
would give greater steadiness both to the demand for, and the
supply of, commodities: the second, in plating of the currency ~11
such a secure and solid foundation, as would prevent such violent
oscillations in its amount and value as have been experienced since
1793: and the third, in the more general diffusion of sound infor-
mation among all classes of the community, but especially among
merchants. The details into which we have entered show how very
ill the true principles of commerce and of money are yet under.
stood by the public. Had our bankers and merchants been gene-
rally aware of the circumstances which determine the value of
money, and the tests by which it may always be discovered when
it is becoming redundant, and when therefore a recoil may be ex-
pected, It is quite impossible that the late crisis could have occurred.
The danger would have been foreseen while it was time to avert it,
and bankruptcy and ruin would not have assailed us at the very
trotnent we were boasting most loudly of our prosperity.
The views of the writer are evidently contracted, and

the remark concerning the reduction of interest ir; one of
those to which Opposition writers have of late been so fre-
quently reduced, a quibble against a measure, which was
originally approved by those very writers themselves. it