The British Press; or, Morning Literary Advertiser.
London, England, 1826-07-29 00:00:00

Clio tiitigilt Vregio.

ENGLISH OPERA HOUSE.
This Evening, SATURDAY, July 29, will be performed the new
Operatic Romance. called
THE DEATH-FETCH or, THE sTi-nErer OF GOTTINGEN.
The Characters by Mews. Archer, Penman, Bartley, and Keeley ; atlases
Paton, Kelly, and i.ownrd.
To conclude trltb the new blu.leal Farce of
AMATEURS AND AUTOlti.
David Dulcet, E4n., Mr. Pearmon ; Mr. 0. P. Bottle, Mr. G. Penton ;
!Sing, Mr. Wrench; F.ltlerberry,. Mr. Bartley; Geutfry bluthricap, Mr.
Keeley. Mite Mary Hai dacre, Ma s Soden.
Ths Da Pates commenced publishing yesterday morning
at live o'clock.
•

LONDON, SAiU-R6:A Y, Ju I.Y 29, 1826.

The Gaulle d'Augsbourg, under the head of Smyrna,
June 15, states that the English brig the Alfred, Captain
MCK MAN, loaded with: warlike stores, arrived lately from
London at Malta, from whence she sailed on the Q`.2.d of
May, for Napoli di Romania. The same day another ves-
sel sailed from Malta, with coals, for the steam-boats ex-
pected at Napoli. "It is now clear," says the Journalist,
`' what the neutrality of the English means." We subjoin
some extracts from the Efoile, dated July 77, giving fur-
ther accounts of the affairs at Constantinople. It is said
that the English Ambassador has rot hitherto accepted a
guard from the new corps, instead of his Janissaries, hay-
ing kept the house of the Embassy shut ever since.
[From rEtuite, dated July 27 ]
Panis, JULY 20.
Tl:e Constitatidnuci will not be contradicted ; in spite of all the
accounts received from authentic sources, it will persist in asserting
that Constantinople has been laid waste by fire, were it but a thir-
teth part of it. The fact is that there has been no fire, except that
of the barracks, and the inconsiderable places which served as
retreats for the Janissaries, which the Sultan ordered to be burnt,
as we said, on the 2:id.
The Constitarionsd, which is seldom contented with one false-
hood, has created by its own pilvate authority a corps of 20,000
Janissaries, who have made the formidable insurrection at Adria-
nople. The fact is, that the insurrection there was put down on
the nth, as we have alrzatly stated, and that tranquillity was re-
stored. We now learn that in all the fortresses on the Ds.
nubc, Widdin, Rudschuk, Silistria, &c., the Janissaries have
submitted without resistance to the orders of the Government, and
it is probable that they will be equally obedient in Asia and in the
other provinces, where these troops, having learnt the complete de-
struction of the central corps which constituted them, will
not think of revolting ; besides, there is not any where a Consl;-
intionnel thus to give 20,000 Janissaries to each chief town of a
pad ;silk, ar.d their real number in these places seldom exceeds a

few hundred men.
The Sultan is intent on profiting 1)y his victory to effect the
most important reforms in the Ad ministra, ion. It is expected that
many new institutions will be created, which will be useful not
only to the 31ahontetan subjects, but also to the Christians. An
Ordinance is spoken of, by which the levy of the capitation on the
Rajas should be made under the inspection of their Ecclesiastical
Chiefs. It is even said that this tax will be replaced by a general
land tax. There is also an idea of a change in the laws relative to
inheritance, of ameliorations in the monetary system, of the establish-
ment of quarantine against plague, &c. We do not know what
struggle there may lie between the system of reform and old habits ;
but it is certain that the will of the Turkish Government in this
respect leaves no doubt at this moment.
A letter of the 27tb, which we received from Constantinople, con-
cludes as follows:—" A person who has been about Sultan Ma-
hortiet for these twenty years, and who in a manner never loses
sight of him, lately expressed his surprise to one of his confidants.
I have never remarked,' said lie, so much resolution, tirmneas,
activity, and courage in this Prince, as during the crisis through
which we have just passed. Ile is quite another man. Fla corn.
®NiCstcS to ill those who are about him the enthusiasm with
wbl Iss is himself animated. I cannot recover from my astonish-
t,"
It is a fact that the Sultan shows a firmness of character which
he was not suspected to possess, and if he continues to support it, it
would be unjust to refuse him a place among the Sovereigns of the
Ottoman ra e, who have left a great reputation behind them.
Fit 1.1.: ell Ft: N 26.—Eive per Cents. 99f. 85c. ;
Three per Cents. 61if. 15c. ; hank Stock, 20f. 20e. ; Neapolitan
Rental, 72f. 75c. ; Spanish ditto, 8; Royal Spanish Loan, Cif.
Exchange on London. one month,2o.Goc. ; three months, 2-sf. 40e.
—Cuurs ifuthentigwe.

A contemporary of ours, whose views in general are suf-
ficiently limited, has undertaken lately to prove that the
establishment of branch banks by the Bank of England
will be productive of consequences not less detrimental to
the country than those which arose from the imprudent
advances of the country bankers. As usually happens with
narrow-sighted men, he observes a possible inconvenience
attendant on the system, and, destitute himself of resources
in cases of difficulty, he cannot conceive a possibility of
remedy beyond that of which he is himself aware. It can-
not be denied that the Bank of England is one of the most
powerful engines in the hands of Government; nor can it
be doubted that this extension of its field of operation will
render it still more important. The only objections to a
small note currency are its tendency to produce crime, and
its boundless power of expansion, as encouraging specula-
tion and increasing the price of provisions. Our contem-
porary admits that the establishment of branch banks will
diminish forgery; but maintains that it will increase spe-
culation. Now, it seems to us that a body of men like the
Directors of the Bank of England are much less likely to
abuse the power of issuing paper money than any set of
private bankers, however resreetable. As in almcst every
other department, the number of persons engaged in bank-
ing had been increased far beyond its due proportion, and
as every banker individually had an tqual right to take
part in the advantages arising from the disposition to spe-
culate, each was gni& d in his issues by the demand,
with very little reference to the course of exchanges,
which did not become an object of consideration with
them, as their over-issues were only checked by calls
for London paper, and this, in consetpenee of the
excessive internal traffic, did not for some time come
at all into operation. A body of men like the Bank
can take an extensive view of its whole citculation,
and is therefore enabled to check excess earlier and without
inconvenience. At the same time, we cannot brat say that
the advantages enjoyed by the Bank of England are of a
Paton which ought not to be enjoyed without some supe-
rior control, by any body of men but these who are at the
heed of his Majesty's Government. The trade of this