The British Press; or, Morning Literary Advertiser.
London, England, 1826-01-26 00:00:00

THE BRITISH PRESS.

'inisters; inasmuch as it has preceded the operations of these
measures nearly sine months. Government have acted with great
caution, and a mon liberal consiecration in the ;eduction of the
duties. Repayments were made, and indulgencies granted, so as
twitdiltirt the intended measure to the actual state of the trade when
the allowances were given, and to its probable coondltion when the
new law should operate; and it WM fully understood and stated by
many of the leading manufacturers, that when the new system
should come into operation, the trade would he prepared and com-
petent to bear It. But the manufacturers, from an imprudent
eagerness to supply and anticipate the market before the com-
mencement of the new dude'', have in fact filled it to a glo., and
the price lots fallen In
proportion to the excess of the supply he.
yond the present demand. In order to supply the materials of this
ruonufacture, the capitalists in this trade have been equally curs.
vagant in their importation of raw oaks, and have thus run into a
double excess,--an excess in the domestic manufacture, and in the
import of the raw material.
" As to the elms in the import of wine, no one has heanl any
complaint upon this subject—A third article, which is affected by
the free trade, hemp, has certainly nut been imported in any mis-
chievous excess. But it is almost exclusively in these three Sr.
tides that the tree trade system has operated within the last twelve
months."

There is a fallacy in the assertion that the distress of
the silk manufacturer is not to be ascribed to the Act passed
for the introduction of foreign silk goods on the sth July
next, " inasmuch as it preceded the operation of this mea-
sure nearly nine months." It Inuit be manifest to every
one—and we can hardly believe it can actually have escaptal
the present writer—that the stagnation of the Silk Trade
has been occasioned by the impossibility on the part of the
British manufacturer to contend against the foreigner, who,
in spite of the protective duty, will outrival him in the
market. The silk-mercers, on their part, abstained many
months ago from buying, because they were satisfied that
the.for riga sill.•s would lair brought in at a lower vice than
they could offer the goods of oar own manufacture, and that,
consequently, they should have no sale for them. The ma-
inductut ers, it is obvious, ceased to give out silk to their
workmen, when there was no prospect of their being able to
dispose of their stock already on hand, and this situation of
things it was that led to the present deplorable state of
distress which the silk districts exhibit. This distress is
therefore improperly said to " haie preceded the operation (f•
this measure," which removed the restriction after the sth
of July next, since it arose out of the actual operation off•
it, and only preceded the periodfired for Mc commencement
of the :let.

CITV, WEDNESDAY EVENING.

The City, this morning, was without reports, and conse-
quently the Funds were steady, for exactly in the same
proportion that rumours are scarce confidence increases.
There was not a single foreign mail arrived this morning,
and that circumstance increased the general tranquillity on
the Stock Exchanges, as it prevented agitators from ope-
rating effectually. Consols opened at to for the account,
and afterwards reached 81 ; but they did not maintain that
price to the conclusion of the Market, although at one
period they had a very firm appearance; the closing quo-
tation, however, was 801 1. Exchequer Bills were Is.
premium to Is.

• The transactions in Foreign Securities were extremely
limited, but the general complexion of the Market showed
firmness. Colombian Bonds were 591; Mexican 6 per
tents, fit to 1 ; Russian Bonds, 84/ 5 ; Greek ditto, 144
15 ; and Spanish ditto, 13. Money was plentiful in
the Stock Exchanges, but in other quarters it was by no
means easy.

In Shares there was nothing doing.
It was a holiday at the Hank today.
The Colonial Market continues depressed, and the
salts of Graiu iu Mark-lane were dull.

It is understood that the Session of Parliament will be
opened by Commission, as it does net appear that any pre-
parations have been made for his Majesty's going in state
this day se'nnight to the House of Peers.
An essayist in a contemporary print, desirous of mani-
festing his intimate knowledge of Russian Collet now.,
ohcerves gravelyTlre years ago it wan no secret
that Constantine hail, at the period of his second marriage.
renounced formally his right of succession to the throne."
And to complete the absurdity, by a display of uncommon
sagacity, he adds—" In Isll, here, in London, we heard
the whole story from the lips of a Russian of high
rank, who, when telling it, stood not four yards from
Alexander's person. When asked what would be the
consequences of Constantine's refusing to carry the com-
pact into execution, he answered—the Russian trial by
Jury—emphatically adjusting hie neckcloth as he said the
words." It happt us unfortunately for the correctness of
this anecdote, that the event respecting which the pre-
tended conversation was held in Ist 1, did not take place
till six years afterwards, viz. 18'20! The facts are, that
the Grand Duke Constantine's marriage with the Princess
of Saxe Coburg was dissolved by an Imperial Ukase,
dated April 2, -1820 ; and about seven weeks afterwards,
on thestlth of May, of the same year, his second marriage
was duly solemniaed with Miss Gruch:inski, who was pre-
viously created Princess Lovitch.
The Berk.* State Gazelle contains a new version of the
events which took place at St. Petersburg!' on the 26t1) ult.
It appears from this account, that the populace, who united
with the rebels, had been gained over by the distribution
of money and brandy. The mutineers were repeatedly
summoned to surrender, before the Emperor determined to
bring against them four pieces of artillery. They were all
dispersed by the second discharge, and an onset of cavalry
completely cleared the ground. A division of the Finland
regiment, forming the guard of the Palace of the Senate,
remained under arms during the whole time, though they
were surrounded by the rebels ; but their fidelity was not
to be shaken either by the menaces or the entreaties that
were employed. The regiment of Leib-grenadiers, one
portion of which had been seduced into the revolt, had
heen, as well as the marines of the Guard, deprived of
their colours; but they were restored to them on the fol-
lowing day at the review, in consequence of the solicita-
tions of the Grand Duke Michael, and after they had been
consecrated anew. The same coarse was adopted towards
the Moscow regiment, two companies of which bad corn-
menced the revolt.
We have received Newfoundland Papers to the slfith ult.
The law passed in England lost Session of Parliament, for
the better administration of justice in NewtOundland, had
been received, and had been proclaimed by his Excellency
the Governor, Cochrane. It appeared to have given great
satisfaction to the colonists.
We learn that John Gladstone, Esq. of this town, M. P.
has formed a connexion with Messrs. Turner, of Glouces-
ter, and is to become the leading partner in a bank at that
place.—Liverpool Advertiser.
LONDON BOOKSELLF.ItS.—Much is said by our con-
temporaries on the " general distress which prevails
among the booksellers," while, in truth, there is no real
ground fur this invidious lamentation. The consequences
of over-trading have occasioned failures to several indivi-
duals in ]his as in some other branches of commerce; but
the great body of established booksellers were never more
solvent than at this moment, nor ever stood in higher
credit than they have done during the whole of the late'
troubles. In proof of this, the 11°01E9E1.1E1LS. Cie n, which
is held at the .4/bioa, and consists of the oldest and most
respectable persons in the trade, has never since its first
establishment, about twenty years ago, to this day, ever
had a single failure out of their whole number. No fact
can speak more decisively than this. •
New Pe a steal." o us.—The following interesting Works
sre just published. or nearly reedy for publication, by Alr. Col.
burn, it, New Burlington-street (removed front Conduit-street).-
1. Brambletye House, or Cavaliers and Roundheads, a Novel, by
one of the Authors of the " Rejected Addresses," 3 vols.-11.
Alcinous cf the Margravine of Anspach. Written by Herself,
2 vols.—ll I. Granby, a Novel, second edition, revised, 3 vols.—
IV. The Naval Sketch Book, or Service afloat and ashore. 2 vols.
—V. The Last Man, a Romance, by the author of " Frauken.
stein." 3 vols.—Vl. Memoirs of the Countess de Geniis. vols. 7
and 8, being the conclusion of that Work.—Vll. Matilda; a
Tale of the Day, 2 vols.—Vlll. Don Esteban, or Memoirs of a
Spaniard, 3 vols.—lX. Reminiscences of Michael Kelly, 2 vols.—
X. The Adventures of a Young Rifleman, by Himself, I vol.—
XI. A Picture of Greece In 1t12.,. 2 vols.—Xll. Epistles to a
Friend in Torn, by ehandos Leigh, Esq. I vol.—and XIII. A
Second edition of the Spirits of the Age, or Contemporary Por-
traits, I soh