The British Press; or, Morning Literary Advertiser.
London, England, 1825-12-21 00:00:00

t►*. lOit4t N

17hTittlR.oniis-4/t 50
Colombian Bonds hi 4
Duns Acct. 51 2 13t 7
Ditto Rends (1624) 531 44 6
Ditto Acct. 54 t 6si t 6
7 7i si 7 6 7
Daniels Bonds 1001 t
DatoßuDdl ( 1836) lib 7 0
Ditto Acct. 53 8
French Rentes S per Ct. 93f.
Exchange 26f. 10c.
lirenth Routes 1 per Ct. 611. 50c.
1121.
Eachange 251.25 c. 10c. 20c.

COURSE OF EXCH,
Amsterdam C. F. 12 11
Diuo at sight 12 8
Rotterdam .2 U. 12 12
Aotoerp 12 12
kilsoshorgh 2i U. 38 1
Ikons 4 U. 38 2
Aids, 3 day s• • igh t 23 AO
Ditto. 2 U. 26 84
Bordeaux 26 86
Serlin 7 0
Frank. on Main Ex. 31.166
Fetasburgh, role. 3 Us. Vf
VIIIIII3, effective 11. 2 31. 10 22
Yr:taste ditto 10 22
Madrid 38
Loth& 36
..3ti
Baresions

PKICYII OY 1111 A itt;,b
SIINF.S.
Share. Paid. Premium Fier Shire.
Ante-91ex inn £loo 35 721
Angie-01111m
Brazilian lOO 5 1
50 3 11
100 5 2A
250 12} 9A 15
100 itls
Potosi. In Pat. and Peruvian 50 5
United Mexican
Ditto New

Fanntina

40 10 4i 4
ASPUANCE CC MTANITII.
Alliance British and Foreign 100 10 1
Protector Fire
British Iron
British Rock and Patent Salt 10 II
Irish Manufactory
Precincts' Rank of Ireland lOO 10 4dis
Rio da Is Plata Agricultural lOO S 4 dl.

MEXICAN SIX PER CENT. LOAN.—The Fourth
Quarterly Dividend, due on the Ist Day of JANUARY
nett. will be paid on the succeeding days between the hours of Ten
mid Two &Clock, at the Counting-house of Messrs. Barclay, Bet-
ting, Richardson and Co. No. IL New Brosd.street-mews. The
Dividend Warrants, with lists thereof, numerically arranged, must
be left fur examination one day previou. to payment.

ARGYLL ROOMS.
AGRAND MASQUERADE and CARNIVAL, un-
der the immediate direction of SIX NI/RM.:3IEN, will
siren at the ARGYLL ROOMS, on ZHUHSDAY EVEN-
! NO, December 21.
The high reputation which these entertainments attained last
riir ham induced the DIRECTORS to engage for the whole of
tie MASQUERADES to be given at the Argyll Rooms this sea-
Aud under the sanction of the Noblemen who have honoured
them with their immediate patronage, a series of Masked FETES
will be brought forward, exceeding all former occasions in brilliancy,
splendour, and magnificence.
In apportioning the FIRST GRAND MASQI'ERADE for'
Thursday, the 29th inst. the Directors have the pleasure to an.
sourer, that regulations have been made by which the Company
w.:l he rendered more seder tinr hi. hero. And the Nobility and
Gerdy are assured that Ticket. will be disposed of to none but
persons of rank, fashion, or talent.
Families of distinelon who may wish to unite in the festive
ta-oog. Gentlemen of Fashion. or Issdies of this Haut Ton, desirous
of partaking of the true spirit of the entertainment by avmming
c`aracters, are also informed that the annoyance u,d freedom of
disorderly persons will be strictly guarded against, as officers in va.
nous disguises will be stationed in the rooms, to secure ease and
prevent interruption to the Masque's.
The D;reetors pledge themselves that the Masquerade on Thurs.
day, the 29th lest. will be the most select, splendid, and festive en.
te-ra'nment ever produced. and worthy in every terpeet of the im.
proved taste, and the fashion and talent of the metropolis.
For Tickets and Boxes to view the Masquerade apply to the sub.
committee, who sit it sit y at Mr. CHARLES VIIIIGH VS, Opera
Colonnade, Haymarket.
Er. Charles Wright is appointed by the Directors Purveyor of
tEe Champagne and other French winos on this occasion.

:iii Girt L.

DRURY-LANE THEATRE.

Tale Evening, WEDNESDAY. Doe 11, will be performed the
Comedy of
THE. HYPOCRITE.
Doctor Cantwell. Mr. Dowtos; Maw-worm. Mr. Liston; Colonel
La:nt.ert, Mr. Matlack. Charlotte, lira. Darls...n.
After *bleb the DI vertisement of
THE CAMP.
Principal Dancer., Mr. and Mrs. Noble, &e.
lo oonelude with the Farce of
LOVE. L ‘M, AND PHYSIC.
FlerJbls, Mr. Harley Andrew, lir. J. Russell; Lubin Log. lit. Liston.
te•morrow, Ouy Mannertpgt The Camp; and Deaf as a Post.

COVENT-OARDEN TiIEATRR.
Tbli Evening, WEDNESDAY, Dee 21, will be performed the
Opera of
Til k LA:ENNA.
. . .

Dan Jerlme, Mr. Illanehard Carlos, Madame Veatrlat Antonio,
Mr. Pe►rn,an: Ferdlnsuel. Mr. rhauset ; Isaac, Mr. Fawcett; Father
Paul. Mr. Bartley. Clara, Ines Patoai Louisa, Mies Lu►e; the
Dwaine. Mrs. Da►enport.

After which the Operatle Nice of
'T WAS I.
Ths othelpal Characters by Messrs. Dutuset, Keeley. Evan•, and
morning: ldiu Jones. Madame Vestris. and Mrs. Oa. enport.
To morrow. The Road to Rolle 1 end ' Twas 1.

ADFLPHI 7'HEA'llit., STRAND.
This gran!ag, VILDNICSDAY. Dee.ll, will be promoted the Nautical
Melo-DrarratlFßurletta of

THE PILOT:
Or, A TALE OF THE SEA.
The priostral Characters by Meier*. Terry. Yates. T. P. Cooke, cad
J. flares: and Irs. Fitt wEllatn.
After which • new Burletta, ettEed
CHRIS r M AS BOXES.
The ammeters by StAsrs,Terry.yoster. l ate,. sod Meredith Miss

-Bodeo.~nd Mrs. -t~tr.

lo conclude with the CraidTclik-Ider,TiZoal, Allegorical, Operatical,
Meld-Dramatlcal, Magical lanythlng but Tragical) Surietta of
SUCCESS!
Or, A HIT, IF YOU LIKE IT.
fir. principal Cbaractere by Messrs. V 1 rencli. T. P. Cooke, Yates, and
J. Reeve ; and Alm Fitawilllauxi.

Ti.e 1:111711111 PItCIII commenced publishing yesterdAy morn.
in; it five o'clak.

LONDON, WEDNESDAY, MCI:MEER '21,1825.

It will be seen by last night's Gazette that the Meeting
of Parliament is fixed for Thorplay, the Qd of February.

The !toile of Monday, which reached our office last
night, adds nothing to the information we had already re-
ceived concerning the sudden death of the Emperor ALE :-
A xnsit. A conjecture is hazarded that a disorder in one
of bis legs may have proved mortal. This suggestion
sears only to show how utterly unexpected his decease
was, and how extremely difficult it is to guess what can
hive carried him off in the full vigour of life and health.
The Efate apparently treats with contempt the announce-
ment in the Priurian calendar respecting the Grand Duke.
NICHOLAS, and attempts to explain how the mistake must
have originated. The children of CONATANTtNE by his
fresent wife, the Countess GRADZINSICA, who was a Rus-
sian subject, are excluded from the succession by a de-
cree of the late Emperor, by which it was declared to
be a fandsmental law of the empire that no Prince
should hereafter ascend the throne of the Czars, unless
his mother was of an imperial or royal family. It
is supposed, therefore, that as the Grand Duke NICHOLAS
Omit su.cced CONSTANTINX, it was " very natural" be
- presumptive. This explana-
satisfactory. The question
rti t N■ wholly omitted in
unless for some reason of
m his birthright, was the
1; NICHOLAS at any rate

could only be heir presumptive to his brother CoNST AN*
TINC. The next advice, from Russia will be exceedingly
interesting. At present there is manifestly a dark cloud of
mystery hanging over the relations in which the members
of the Imperial Family stood towards each other.

LFrom the Etude dated Monday, Dec. 181
PARIS, DEC. 18.

A great Prince is dead. Generous and magnanimous, the Em-
peror Alexander will leave a long remembrance of his reign and of
his noble qualities. The elevation of his character, the disinterest-
edness of his policy, are universally known ; his loss will be deeply
felt.

The Emperor Alexander had long had a disonler in one leg,
and it is supposed that the humours may have aizended, and caused
his death.

The present Eropemr, the Grand Duke Constantine (*), was born
May 1779. This Prince is plunged into the most 'unfound
affliction he was warmly attached to his brother. The Em-
peror Alexander had just named his brother Viceroy of Poland
and he was at Warsaw when he learned that he was going to ascend
the throne.

The last act of the Emperor Alexander published at St. Peters-
burgh, was an Ukase to manifht his particular favour to the toa•a
of Taganrog, and to give it all possible means to improve its port
In this Ukase, dated 31st Oct. the Emperor oalered that a tenth
part of the duties of customs taken there should be employed in
the amelioration of its port, and in the construction of the buildings
necessary for its commerce, and proportioned to its importance.
The Emperor had just appointed a committee, of which the Sena,
toe Dudenski wu President, for the improvement of the situation o
the c tics of the Empire.
• We yesterday quoted from a German Journal what is said In •
Prussian Almanack of the Grand Duke Nicholas, whom it calls
Heir to the Throne. A Journal having eadeavourcd to give im-
porunce to this article of an Almanack, we think it proper to say
that the Grand Duke Constantine, having no children by the first
itarriage, and those of the second marriage not being entitled to
inherit the throne of Russia, it is very natural that the Prussian
Almanack should call the Grand Duke Nicholas heir to the throne,
to which he will be called after his brother, the Emperor Constan.
tine.—(Note of the Etoik.l
Beaux, Dec. 4.

The panic which has been felt on the Exchange of Paris and that
of London has spread among the speculators in Berlin. Every
body was seeking to -schange his paper for silver, which it is very
difficult to procure. The expresses from Paris are Impatiently ex.
petted•

It appears by the following letter from New York, dated
the v3ll of November, that precisely the same effects are
taking place there as have resulted in this country from
over-trading and excessive speculation :

" Things in this city are in a most melancholy state; some
of the first houses have suspended payment, u well as some of
the banks. The Stocks have fallen in two or three months nearly
20 per cent. The Bank will discount first-rate paper only, and
some of that is known to have been sold at l l to 2 per cent. per
month discount. In about five days twenty of the first houses
stopped : the house of Smith and Nichol for about two millions of
dollen; several from 50,000 to 200,000 dollars. One house at
Philadelphia, Edward Thompson and C.). has failed for only
three million of dollars."

They arc but ill acquainted with the history of com-
mercial legislation who do not know how much the real
prosperity of trade has oftentimes suffered by the treasures
devised to increase it. The SILK TRADE-if the law which
is to commence its operation on the Ist of July be persisted
in—will furnish a proof of this more impressive than was ever
yet on mercantile record. We say if it is persisted in, because
if it can be made evident to Ministers that the admission of
foreign silks into this country, instead of being a wise and
politic measure, would be a measure that would bring
with it an incalculable mass of auffering,and be utterly ruin-
ous to the manufacture it was intended to protect ; we feel
satisfied that the whole reasoning which led to it will be
fully reconsidered, and that although the principle of free
trade, as applied to this manufacture, may not be aban-
doned, its enforcement will be postponed until, in the gra-
dual progress of improvement, it may be acted upon with
safety and effect.
We are by no means disposed to undervalue the liberal
principles of trade; but let us inquire for a moment what
alone it is that can render a relaxation of every restriction
on foreigners advisable and politic, so far as Great Britain
is concerned. Is it not obviously this,—that a facility will
be given to the introduction of our own manufactures into
the Continental market? But, we ask, will France return,
in kind, the favour you are about to bestow upon her?
Assuredly not. Were she even so inclined, our silk manu-
facture is not in a condition to avail itself of the'advantage•
It would cost France nothing to permit the introduction
of British silks into every village in her dominions, be-
cause she is well aware, that from their relative prices,
they would not find a market. Let us hear the language of
one of their latest writers on political economy, M. Tit Rot a-
LANDRY, whose opinions, we know, have considerable
weight with his countrymen, and who is, moreover, one
of their most strenuous advocates for the system of free
trade. "It is not to be supposed," says he, " that con-
sumers in France, having at hand articles equal in good-
ness, and lower in price than those of England, will prefer
such aware foreign. Some ladies at Court, infatuated with
every thing English, may have this fancy, but the
body of consumers, that make up the mass of our
municipal and agricultural population, are far from
being infected with this sort of whimsy ; they are ardently
attached to French manufactures, and more particularly to
those of the excellent fabric of Rouen ; Mey reject every
Ming that comes froin ENGLAND.***
This being the feeling of the people of France with
regard to English goods, it is quite manifest that the
demand for them in the French market will not
be at all increased by the boon held out in the ad-
mission of French silks into England. The French
Government act upon the system of exclusion, nor will
they be induced to relax in their rigour by an example
which we may set them of an opposite policy. They are
extremely well disposed to benefit by our enlightened
ezanipk, but not at all disposed to follow it. Thus the
great object to be attained is lost, and one of our most im-
portant branches of manufacture is sacrificed without even
the chance or hope of an equivalent. So far, therefore, as
the prospect of obtaining similar concessions was an in-
ducement to this commercial regulation, that prospect
neither will nor can be realised, and any support that it
might restive from that anticipation falls at once to the
ground.
Although reasoning may be deemed inconclusive, facts
cannot be disputed. If any class of manufacturers throw
up their trade, from a conviction that they shall be ruined
by continuing it, should a particular law be carried into
effect, we need ask no further proof of the injurious opera-
tion of such a law, so far as the trade is concerned. If all
he workmen to whose industry that trade gave employ-
ment are turned adrift, from the inability of their masters,
in consequence of that law, to give them any longer the
means of earning their bread, no further evidence need be

• Dee Intpots, rt cPs chi gee des pcspks en France, par L. D 2
Ito IsLA m n 22. To avoid any charge of misconstruction, we vt 111 give
the pilule in his own words Peut-on arise que des consomma.
tans Francais ayata psis d'eux deg marchandises aunt pasfai es
et mins chives que cella des Anglais, pniferetat cellos qui setont
6trang6res ? Quelqins femmes demur, etigoufes de tout ce qui eat
Angicis, pouront minis cette fantaisie, ma's In nombreux et:loam-
mateurs de nos vines et coax de la population agsicole wont loin
l'aroi► adopt& an pistil Isaias; trib attachas aux fabrications
Pram/alas, et surtout I allies de l'exeellente fabrique de Rouen ;
ib eoettest lost cc qui vies! d'AMOLET ERSE."

should at once be styl td heir pres
new, however, is anything but sal
is, why was the name of CONSTA
the calendar ? He certainly, ur
State set aside and barred front
heir presumptive to the throne;
4