The British Press; or, Morning Literary Advertiser.
London, England, 1825-12-29 00:00:00

TO THE EDITOR OF TEE salmi! PRESS.

St a,--By the very correct view your paper bag taken of
the horrid league which has been long formed by a party
in thiccountry agaihst public credit, and of the part taken
by the Tinzes against the Bank of England, private bank-
er", country banks, and every channel of bank-note circu-
lation during the disastrous panic which it had so great a
share in creating, you have rendered the public a very
acceptable service. In confirmation of your views, and to
show that the Times Journal has been long lending itself
to the views of this faction, I send you the following ex-
tracts from that Journal. The writer, who assumes the
signature of Daniel Hardcastk has taken a page from
Cobbctt's book, and is in confederacy with him in every
line. The title of the subject is "On BAN x NOTES and
CREDIT."

" What," he asks, " is a Bank Note ?" A piece of
paper with the figure of on old Sillil is the corner, de-
picted in the act of issuing prophecies and promises to the
British paNic. What is the foundation of a Bank Note;
that is, on what does it rest ?—On credit ; and what is
credit ?—A phantom—a mere abstract idea. Credit is
nothing that is material or tangible ; it is neither wealth
nor capital ; it is not gold, nor is it silver; it is neither
food nor clothing, nor a ship, nor a steam-engine; but all
these, and other things existing, credit intervenes, and by
a variety of hocus-pocus tricks, influences their distribu-
tion, and so that the man who has nothing, coming in con-
tact with the man who has something, the one very dex-
terously, and by means of credit, contrives to get his hand
into the pocket of the other. And this I clearly take to be
the reason why all these mighty issuers of paper are so
loud in their praises of credit."
He then proceeds to ask, " Can credit build a house ? Yes,
provided some man that has capital will pay for the labour
and materials ; and credit can do still snore, and after the
house is built, it can mortgage it. And this brings us ex-
actly to the transactions between the Bank and the Go-
vernment. Nothing so easy as for the Bank to furnish
credit—that is, paper—but nil ultra."
Such language as this, disseminated all over the
kingdom, and read in every village, has a direct ten-
dency to produce that convulsion which we have so lately
witnessed. With men of sense it can snake no serious
im-
pression; but that is not the description of persons it is ad-
dressed to, it is meant for the great mass of the population,
and we have had a fatal proof of its mischievous effects.
A LOOKER-ON.

FRENCH PAPERS.

[From the Etoik dated Tuesday.)
VIENNA, DEC. 19.
. _

The news of the death of the Emperor Alexander 'has not pro-
duced on the Exchange at Berlin the same sensation as here. A
courier is immediately expected from the new Emperor of Russia.
Our Metalliques were to-day at 91, and Bank Stock at 1165.
PARTS. DEC. 26.
The Emperor Constantine getout on the 17th inst. from IVarsaw
for St. Petcrsburgh.
All the German Journals, whatever shades of difference there
may be in their political opinions, ate unanimous in their expres-
sions of grief, respect, and admiration on the occasion of the death
of the Emperor Alexander. They manifest an eager desire to coi-
-1 lect all the circumstances connected with the long journey of the
IsUZURt Prince, whom death has just snatched from the love of his
people, and from the admiration of Europe. These details are
almost all of a very old date, many of the facts going as far back
as the end of October. The descriptions of his reception, and of
the fetes given on the occasion, form too melancholy a conttast to
the mourning by which they are about to be succeeded, for us to
transcribe them here.

We have received the St. Petersburg?, Jonrnals of die Gth inst
They only contain the two following articles:--
" We think it our duty to call the attention of the public of this
capital to an object unique in its kind, and which is now offered to
the inspection of the curious in the rooms of the Imperial Chrystal
Itlanufactory : we mean the chrystal bed, which has been made in
this establishment by order of his Majesty the Emperor, to be sent
as a present to the Selma) of Persia. Waiting to be enabled to give
a detailed description, we lose no time in remarking that this chef'
d'auvre has been produced by Russian workmen, and from designs
by 111. Joanoff, a Russian artist.
" The Emperor returned on the 17th of November, at seven in
the evening, to Taganrog, from the tour which he had made in the
Crimea." _ . _

It is stated that a new amnesty has just been granted by his Ma.
jesty to four individuals condemned for political crimes. These
are, It is said, (7ossir, ',mare, A rthauti, and lAvocat.
A letter from Frankfort, dated December 16, contains the fol-
lowing
**Out exchange has been thrown to-day into the greatest con-
sternation. All ki.als of Stock were instantly very mqcli de-
pressed. The Austrian Aletalliquel were offered at 91 ; the
Bank Stock of Vienna at 1105, &c. A great panic taxed our
speculators. whose perplexities were still more augmented when
they learned by the last courier from Holland, that the new; of
the death of the Emperor of Russia was probably already known
thereon the 14th instant, while one of the most considerable houses
had sohl that day 4,000 metallique bonds, and refused to make any
sales for time. A great rise subsequently occurred."

[From the Quothlu•nne.l
Pawns. DEC. 24.
Yesterday morning his Excellency General Pont) di Burge,
Ambassador from Russia, attended officially to notify the death of
his Sovereign. This notification was made in the presence of the
Baron de Dames, and with the customary ceremony.