The British Press; or, Morning Literary Advertiser.
London, England, 1825-12-20 00:00:00

EXCHANGES ON LONDON.

....
AMSTERDAM, DEC. 16.--40 f. 3c. ; trn months 39f. lk.
Hwakw QUO, Dec. 3.-35 t. 9e. ; two Us. 3:if.
LEIr3TC, 17IC• lye.
Beaux, Dec. 13..-6 f. 244 c.

We have received New York Papers to the 25th ult.
It appears that an expedition, consisting of Mexican and
Colombian vessels, had sailed from Carthagena, it was
supposed against Cuba, but the destination of the fleet was
known only by conjecture. At the date of the last advices
from Lima RODIL continued to hold out in Callao. Sick-
ness and desertion were however reducing his strength
daily, and it was supposed he would be obliged to sur-
render by the beginning of November.
We subjoin an int,,resting article respecting the Money
Market of New York. The panic and pressure (we use
their own words) had been of a very serious character.

lie*s is playing with the greatest success. flis apolo-
geticsl and supplicatory letter completely allayed the excite-
ment against him. At the close of the second day'■ play he
came forwent and begged pardon for his past conduct, and
assurel the house they should have no future cause of
complaint. The opposition entirely died away in a few
evenings, and the theatre was nightly crowded with
ladies! _

[From the New York Milk Adre, tiser.]
K Nine YOR, Nov. 24.

XHE MONEY MARKET.
For one or two iteeks put there has been 1 continued scarcity of
money. The ramie of this treasure has been owing to the failure of
one or two banks, which were not entitled to oonfidence, together
with the stoppage of several mercantile houses. This, with the
fact that many of our city banks have refused to receive the notes
of most of the country Banks, has induced the holders of small
sums to believe that there was no security in any bank-notes, end
consequently there has been a constant demand for specie on almost
ill the city bank.. As the demand, however, has been not only
promptly met. but the several banks have been accommodating and
dispcsed to give any description of specie required, the demand
for specie from persons who are not familiar with banking
gperations has greatly subsided. In the prevailing excitement,
hitich blame has been attached to the United States and other
city banks. That they can or have had any motives in distressing
the public is perfectly absurd. The prosperity of all the monied
institutions is intimately connected *ith the wel'are anti pros-
perity of the mercantile community.--as it must he elisions that by
the failure of the merchant the banks must suffer. The panic
which prevailed et the close of last, and the commencement of the
the pretest week,it A sated by monied men, had sensibly .übsiderl
yesterday. The Stock market, which had bent greatly depressed,

E B

PRESS.

Ihas reoseered, and large sales were made at an improvement, par-
! ticuterly in that of the Bank of the United States. It is hardly to
be expected that while Boston, Philadelphia, and Baltimore have
felt comparatively no pressure. the scarcity of money can con-
tinue for any length of time in this city.
(Front the New York Goma,. of Nov. 23 1
An intelligent passenger in the brig Hamlet, arrayed at Phila-
delphia from Clown, which place he left on the 19th ult., has
informed the Editor of :he Nutional Gazette that, at the date of
his deprature from Lima (August 20) Callsu still held oat, but
that sickness prevailed to a rest degree among the unfortunate
inhabitants who had retired within the Royalist lines, and that the
scurvy raged among the MOPS, in consequence of their listing
nothing but salt proviatons to lire on ; that many of the inhabitants
had left the place, and thrown themselves on the mercy of the be-
siegers; and that the desertion frpm the garrison was considerable
dally ; yet, smh was the ohatinady of General Kochi. the Royalist
commander. that it was supposed he might hold out November,
if not sacrificed by his own troops previously ; the rigorous treat-
niece which he had been compelled to adopt having created great
discontent among the troops.
Bolivar was still In Upper Peru, though daily expected to rc
turn to Lime.
At Panama, part of 4.000 troope.si the liberating army of
Colombia had sr-ived, and the rest were daily expected, on their
return to Colombia. These troops are composed chiefly of blacks.
mulattnes, and I ediane, and 4 was reported they were to proceed
from Chagres to Certitagens, to join an expedition preparing
there against Porto Rico or Cuba.
One of the Commissioners from Bogota appointed by the Colon'.
Man Government had reached Chaves front Carthagena, cr his
way to Panama. to attend the Congress of Ministers about &stem-
Wiag there. The Commissioners from Lima were already at Pa-
lliate, Waiting the arrival of others.
IProm tie New York Advertiser of Nov. 21.1
COLOMBI A.
We have received the Colovitiiiino of-Oct. 12th, which commu-
nicates no political news. It is said, that in consequence a the
grave of an Englishmen bestial; been violated by the co pidity a J
fanaticism of sonic of the people, the body robbed and exposed, a
representation and protest is to be made by the British Minister.
The treaty between the two ceuntriee secures to British subjects in
Colombia the right of sepulture, 6• in such places as they shall deem
llt and proper to establish for that purpose, with the consent of the
local authorities ; and the burial-place of the dead shall not be
violated in any manner nor on any pretext."
- -

(Prom the Ilattimore Federal Colette of Vow. 171
MEXICO, COLOMBIA. AND CUBA.
A few days previously to ale Hog of the Colombian brig
Isabella, from Porto Cabello. the colombian corvette Utica, 32
guns, and the frigate Ceres, 32 guns, left Porto Cabello undo* the
command of Orn. Lino Clemente, for the purpose of joining a fleet
of seven (ripen and a severely-four gun ship under the Mexican
dig at Carthugena. Rumour orcounw was busy in naming the point
of attack to be made by the combined fleet, the station of each
commander, the probability of' its success. and the certain
glory to be acquired by the united elate of South American valour.
The island of Cubs b^ing the only prominent hold of the
Royalists worthy the lint consideration of the South, we% sup-
posed to be the immodiive object of attack, but the prtsent de-
ficiency in the maritime departments of the republics, which a
very short time must remove, lea's to the impression that the
rumour in this respect is somew tat premature, and that advisable
delay might render success ce tain.

Nror Yogis, Nov. 24.
PRICE OF STOCKS.
United States Sixes, 1813. 11.011 sales—ditto 1814, 1013 Wel—
shed States Four ard a Halt 1831 NA—ditto 18:13, 94 to lOU
United States Threes, 83} to 86—Canal Sixes, old, 116—ditto
Fives, new, 115 to 118}.
Banks—United States 113} sale.

The opinion that an Ordeal the Privy Council islikely
to be Issued to the Directors of the Bank, directing the
temporary suspension of cash payments, prevails very
generally, but without producing any of that feverish
alarm which those public journals that have been so active
in spreading the late panic throughout the kingdom—the
effects of which have been so disastrous—are endeavouring
to excite.

If such an Order is issued, it will no doubt be in terms
similar to that of 1797, prehibiting the Directors from
issuing any cash in payment till the sense of Parliament
can be taken on the subject, and until the proper measures
can be adopted for ifirpparting, under the circumstances,
the public and commercial credit of the kingdom. At
the period of 1797 it was the dread of an invasion that
induced the farmers and oth?rs resident in the distant parts
of the metropolis to withdraw the money from the hands
of those bankeaa with whom it was deposited ; and, upon
that occasion, the aux commenced upon the country banks,
and the demand for specie soon reached the metropolis :
this is the natural consequence of a sudden panic, by what-
ever cause it may be excited, since it is obvious that coun-
try bankers must take up their notes thus rapidly brought
in for payment, either in bank-notes or in cash, and
that the quantity of Loth, necessary to supply this de-
mand, must be obtained ultimately from the Bank of
England. The great vacuum in the circulating medium
must be filled up, and this can only be done by an excessive
drain of specie, or by an inordinate issue of Bank paper.
The funds of the Bank, it is well known, are affluent ; and
it has gold, both in bullion and specie, amply sufficient to
fulfil all its engagements, and to satisfy all the legitimate
demands of commerce; but if a panic is wickedly excited,
and mischievously kept up, for the purpose of destroying all
commercial confidence, and inducing a sudden and universal
anxiety in the holders of nctee and bills to convert all the
paper currency of the kingdom instantly into gold, to
secure themselves against imaginary danger, and to pro-
vide against contingencies which are never likely to arrive,
the consequences may be such as to carry the embarrass-
ments which have already proceeded from it, to an extent
that may be not only destructive to the pursuits of com-
merce, but incalculably hazardous to all the best interests
of the empire. It becomes in such a case the duty of
Ministers to take security against such consequences, and
to adopt, in the interval between this and the meeting of
Parliament, whatever measure the exigency may be found
to require.
The resources of the country were never greater than they

areat thismomen t, not was tbcreevera period whenleasground
of apprehension existed as to the solidity of public credit.
But if, owing to the unfounded alarm which has been every-
where circulated, and the want of confidence produced by it,
the mercantile world are reduced, while that alarm continues,
to seek aid from the Bank of England, and the Bank., in
order to relieve the pressure of public distress, and to re-
store that credit and confidence so generally but so unrea-
sonably withheld, extends its discounts, and affords every
other means of accommodation which the urgency of the
time requires, it can clearly not do this—nor could in com-
mon justice be required to do it—if, in the operation of that
panic, the effect of which it is so liberally assisting. to mi-
tigate, it is to be drained of that supply of gold with which
it must meet the increased issue of its paper; if, we say,
the exertions of the Bank, which have produced the most
[ salutary einem, are not only to be turned against itself, but
against the country, should an Order in Council be con-
templated, the just reliance which the public at large place
in the integrity of Government will give assurance that the
policy which led to the temporary adoption of such a mea-
sure will be fully sufficient to justify it.

C(TI, MONDAY EVENING.

The efforts to depress the Nloney Markets, and to pre-
vent the restoration of confidence, have continued with
unabated Teal dosing the day ; and they will, we have no
doubt, be increased, as the necessity for them evidently be-
comes more urgent, in consequence of the decline of the
consternation that has for the last week so fearfully ha-
rassed the public mind. In the midst, however, of all
these endeavours to aggravate the grievance of financial
emharrassments, it gives us sincere satisfaction to be en-
abled to assure the public that the accounts from the
country by this mos:sing', post were much more consolatory
than could, under the present circumstances, have been
expected. Loose rumours of failures of provincial banking
establishments were put forth, but they could not be
traced to any authentic source. A communication from

the Treasury, relative to Exchequer Bills, was entrusted
to Mr. Hass, the Cashier of the Bank of England, and it
was posted at an early hour at the Stock Exchange and
Bank. It was to the following effect—that on and after
the 19th inst. (this day) all outstanding Exchequer Bills
would bear interest at the rate of 9d. per diem.
The British Funds have been particularly heavy to-day.
A great quantity of cock that has been offered for sale.,
we understand, is in the hands of the brokers, who, in
many instances, are endeavouring to hold it to the ac-
count day, which, however, many will find a difficulty in
tieing, in consequence of the scarcity of money. This cr-
cumstance had the effect of reducing the money price of
Consols to 76, and the Reduced Annuities to a simil-r
quotation, whilst the Accouat bargains were done at SO!.
Exchequer Bills were fluctuating between 411 s. .50s. 61s.
and 70s. dis. After a • vari, ty of fluctuations, Consols
closed at 7941, and Reduced Stock at 76k.
The following prices were reported in the Foreign
Nlarket : Colombian Bands 54 ; Mexican Six per 56 ;
Russian Bonds were 81 99, and India Bonds 705. 90s. dia.

COASULTATIONS OF lIIS MAJESTY'S
MINISTERS.

Probably there has not been a day since the late war an
distressing as yesterday proved to be with such of his Ma-
jesty's Ministers as were in London, with the exception of
the Lord Chancellor, whose necessary engagements in the
Court of Chancery prevent his interference but wry rarely
when Cabinet Councils are held. The important business
of finance, and the state of the money-market in general,
which now agitates the country at large, combined with
the mournful and important event of the sudden death of
the Emperor of Russia, engrossed the whole of the atten-
tion of the Ministers from an early hour in the morning to
a late hour at night. The Secretaries of State's offices and
the Earl of Liverpool's house in Whitehall, were in the
greatest state of hustle and agitation during the whole of
the day, particularly the Noble Earl's house, which was
the principal resort of Ministers.
At a late hour on Sunday night Mr. Raisner, the valet
to Lord Clanwilliatn, the British Minister at Berlin, ar-
rive-I at the Foreign-office, in Downing-street, with de-
spatches from the Noble Earl to Mr. Secretary Canning,
announcing the mournful event of the decease of the Em-
peror of Russia. Mr. Rai .ner did not leave Berlin till
two o'clock on Tuesday, the 13th instant, at which time
the death of the Emperor was not known in Berlin, with
the exception of a limited number. His Excellency Lord
Clanwilliam had only known it about two hours previous
to his despatching Mr. Raisner.
Soon after the arrival of the despatches at the Foreign-
office, Mr. Williams, the King's Messenger, was sent off
with despatches to his Majesty at Windsor, announcing
the melancholy tidings, and two other of the King's Mes-
sengers, with similar despatches, were sent off to Earl
Bathurst, and Count Lit yen, the Russian Ambassador, at
Brighton. A Messenger was also sent to the Earl of Liver-
pool, at Comhe Wood.
Y, metals), morning, between ten and eleven o'clock, the
Earl of Liverpool, the Chancellor of the Exchequer, and
Lord Bexley, arrived in London. These distinguished
characters, together with Mr. Peel and Mr. Huskisson,
were in close consultation during the whole day.
At a quarter past three o'cicck the Governor and Deputy
Governor of the Bank of England arrived at the Earl of
Liverpool's house, and were admitted to a consultation for
upwards of half an hour.
At four o'clock the Lord Mayor arrived at :he Earl of
Liverpool's house, and was admitted to a consultation for
about twenty minutes.
Yest, Hay morning the Chairman and Deputy Chairman
of the Court of Directors of the East India Company
waited upon the ChancePor of the Exclnquer, but the
Right Hon. Gentleman being so much engaged with the
Earl of Liverpool, they could not procure an audience.
-•-•

The result of the Cabinet deliberations upon the subject
of the distressed state of the Money Market has been, not
a suspension of cash payments by the Bank of Dietetic',
nor an unlimited issue of. piper, hut an order to the officers
of the Mint to expedite, with all possible despatch, an ex-
traordinary coinage of sovereigns. In consequence of this
order, which was issued on Thursday, an unexampled
degree of activity pervades the operations of the Mint,
and Mr. Morrison, the Deputy Master, and Mr. Atkinenn,
the Provost of the Managers, are indefatigable in their
exertions to forward the wishes of Government. The men
work extt a hours, and so great is the effort milking, that
even on Sunday they were employed the whole day. It is
conjectured that, by means of this unremitted exertion,
and with the assistance of the incomparable machinery
which is erected at the new Mint, they will be able to
throw off seven hundred thousand sovereigns per week.
Despatches were yesterday received from Berlin, by Ge-
v. rnment, which announce the death of his Imperial Ma-
jesty Alexander, the Emperor of all the Russia,. We be-
lieve no particular details of this melancholy event have
transpired, though the accounts referred to leave no doubt
of the fact. The melancholy intelligence was transmitted
by our Ambassador, the Earl of Clanwilliam. Mr. Wil-
liams, a King's Messenger, was sent off early yesterday,
' with despatches to his Majesty, at Windsor, to announce
the important event.
Accounts front Demerara have been received to the 30th
Oct. The drought continued ; the inhabitants were in
want of provisions; the plantains were burnt up.
By the Leeward Island mail we have received Bari:re-
does Papers to the 28th of October. On the 25t.h the
House of Assembly was opened by the President Skeeter.
The only important point in his speech is the allusion to
a despatch be had recently received from Earl Bathurst, in
which he states—" It is not easy for him to express the
disappointment which his Majesty's Government expe-
rience at the neglect with which the late Acts respecting the
slave population is treated, nor can he ventute to answer
for the result to which such a return to these repeated re-
presentations may possibly lead in the next Session of Par-
liament."
His Majesty's ship Tees, Captain Tincombe, is arrived
at Portsmouth from Madras. She sailed on the Still July
from the above Presidency, from Trincomalee on the Bth
August, from the Mauritius on the 14th September, and
from the Cape on the October. The letters by this
conveyance will not be received in town till this day.
A lahia Paper of the 18th October contains an offi-
cial article, dated the 7th of that month, from the Palace
of the Government. It sets forth the vexatious acts of
violence suffered by the Indians, as represented by " the
Chamber of Villa Verde, in the eon:area (district) of Porto
Seguro,"their sons being taken from them by judicial orders,
to be putt into the service of private persons; arid directs the
local judge to take speedy measures fur putting an end to
such vexations, and for securing all the privileges granted
them by the law of Jane 6, 175.5.
Letters from Rio Janeiro of the 23:1 of October state
that the packet was to sail on the 25th with Marshal
Brandt to Lisbon, who was to carry the treaty lardy con-
cluded between Brazil and Portugal. Marshal Brandt has
been elevated to the dignity of a Count, in consequence of
this mission being confided to him. A Brazilian ship of
war had been appointed to proceed with the copy of the
same treaty to England.
Ousni.e COMMERCIAL. BANK.—We have the autho-
rity of Messrs. Smith and Co. of this bank, to contradict
a malicious paragraph in the Northampton Mercury, of
the 17th instant, asserting the failure of their house, and
to state, that in consequence of the stoppageof Messrs.
Everett and Co. they have opened an account with Messrs.
Barclay, Tritton, and Co. of Lombard-street.
The following paragraph appeared in the Birmingham
et, of yesterday :—" Our correspondent's letter of last
week (dated from Royal Exchange, Dec. 12) contained a
paragraph reflecting upon the credit and responsibility of
Mr. Hamlet, of Prince's-street, London, which, in tub
reliance upon his usual accuracy, was inserted in our paper
accordingly. Having, however, since ascertained that
there did not exist the slightest ground whatever for the
report, we take the earliest opportunity of contradicting it,
and of regretting that we should have inadvertently been
the medium of giving publicity to so unfonnied a state-
ment.—Ente."

A Council is appointed to be held to-day at Carlton
Palace, to receive the R ccrder's R:port.