The British Press; or, Morning Literary Advertiser.
London, England, 1826-09-29 00:00:00

of foreign countries have improved, and are improving, ap-
parently on the ruins of oir-s. This could not possibly be
the case unless some permanent cause continued to exist
besides the mere fact of over-production at a time of ex-
traordinary speculation. We agree," they add, " in the
propriety of new-modelling our commercial system.—
We have all along advocated—and have even claimed
for ourselves the merit of inducing Ministers to adopt—
the system of free trade, to which sonic provincial
Journals still petsist in attributing all our commercial em-
barrassments ; we still commend Ministers for carrying
those measures into effect; and we ascribe the consequences
of those measures to the backwardness which Ministers
have shown in placing us in a truly natural situation by
the simultaneous repeal of all restrictions upon commerce,
particularly those which arise from the operation of the
Corn Laws, and the enormous amount of our taxes."
An indiscreet method has been adopted in replying to
this argument. 1 t has been asserted that the Opposition
prints arc advocating a reduction of taxes, and in fact advo-
cating an encroachment on the rights of the Fundholder.
We do not suspect these Journals of any such intention,
Thcre is an influence in this country, which would proba-
bly be exerted in order to accomplish something of this sort,
if it were menaced by any attack on its own immediate in-
teriaa ; but these sentiments are as little the sentiments of
the present Opposition as they arc those of his Majesty's
Ministers. *His Majesty's Ministers are desirous of keep-
ing faith with the public creditor as long as it shall be
practicable to do so. They are anxious that every possi-
ble retrenchment should be made, as soon as possible, in
every department of the public expenditure ; and they sec
no reason at present to imagine that the relief which they
are prepared to give to the cotnmercial interest will be
found inadequate to accomplish the end in view, with-
out having recourFe to any measure injurious to the
interests of the Fundholder. We deny, in the first
place, that the trade and manufactures of foreign coun-
tries have risen upon the ruins of the trade and manu-
factures of this country. The fact of an increased exporta-
tion of raw cotton is very far from being conclusive on
this head. It must not only be shown, before we can
adopt this unfavourable explanation of the circumstance,
that those countries have actually undersold us in their own
or in some other foreign markets—that a larger proportion-
ate quantity of foreign cottons has been sold in foreign
markets than was formerly sold in these markets—(a result
which we mostpointedly deny)—but it must also be shown

themselves neither able nor willing to do. Let them
cut off at once all the trappings of our aristocracy,
let them reduce the expenditure of a great monarchy to
the scale of a Swiss canton. While this blow is aimed at
the younger sons of noble families—at those who are alone
disposed to add the dignity of high birth to colonial ofhces—
let them at the same time encounter the resistance of the
heads of these families by an encroachment on their sup-
posed interest in the case of the Corn Laws; and let all
this be done at the moment when a strong prejudice still
continues among the ship-owners, and other branches of
the mercantile world, against the salutary regulations
which have been adopted with regard to trade. If any
party will accomplish this, ;Ministers are willing to leave
1 the task to that party ; they will neither approve nor be
I responsible for any such preposterous attempt. We
can see no possible ohj,2ct which the 7'imei can
propose to itself, in several recent leading articles,
• but a wish to excite a spirit of opposition in Jinn*.
inent—not to measures, but to men. Yet every one knows
that in office, never did make any of those hold inns.
rations which they advocated in Opposition. They left real
itnproveitn'nt to be made by a Tory Administration—and,
if they will not content themselves with following in the
train of the present Administration—in supporting sound,
rational, and gradual change—they must themselves under.
take to carry into effect an ill-judged, an ill-timed, scheme
of reform, in opposition to all the leading interests of die
country. They have yet judgment enough left uot to make
any such attempt; and, if they really desire to promote the
good of the country, their best method would be, not to
raise unnecessarrtlifficulties in he way of the projected im.
provements, though they may not be so bold and outrageous
as they would desire.

CITY, TItURSnAr Evexixo.
The Consol Market has been marked by little variety
to-day, 80!, to 801, tdlers and buyers, having prcvcd the
only difference in the price of the market. At four o'clock
they were named for Saturday at 80 for money, and an
eighth mere for the Account, to-morrow being a holyday.
There is s total dearth of flews ; it is true there have berm
more arrivals from India, but the letters and papers are of
an earlier date than those received yesterday.
• The Foreign Settlement of this day (to-morrow being
a holyday here also) lals gone oft' tolerably well, considering
the variation that has taken place in Mexican and Odom-
bian Bonds. There has only one defaulter been deelared,
who therefore may be called an odd fish ; lie was a Year in
Mexican for 20,000/., which, for a minnow, was no small
I :mount, being equal, at least, to 100.0001. Consols. The
Mexican was a decitivd and the Colombian a Bear ac-
count. The business of time settlement of course took off
from the portion of the day's business. In other respects, at
the close of the market, Mexican Bonds were 62, anti
Colcmbian may be quoted at 2. to 36. The Chili= are
still doubtful as to the dividend due on Monday. Some
holders of coupons presented them at the Agent a to-day.
but they vivre informed they would not be received until
to-Morrow ; it may lie that the payment may just turn upon
the advicesexpecttd by the South American mail, which is
hourly locked for. There are large arrivals of ships on the
books to-day, but neither transatlantic letters nor papers
have been forthcoming. The dividend only amounts to
24,000/., and therefore it is thought probable souse satis-
factory arrang..inent will be made. At the close of the
Market they varnd from 36 to 38. Greek and Spa-
nish are at last quotations—the former 13S to and the
latter at 10A, without any sensible movement in the
Market.

that the countries which have received these unuseel sup-
plies of raw material would not have received an equal quan-
tity from other quarters, if we had continued to refuse to
furnish the material necessary for the ordinary consumption
of their manufactures. Instead of regretting the increased
exports of raw cotton, we ought to congratulate ourselves
on the opening of a new branch of trade, which was
formerly confined to the subjects of the foreign manu-
facturing nations. Cotton, formerly brought in foreign
vessels from the Levant, America, the East Indies, and
the Colonies, will now, in many cases, be superseded by
cotton brought to England in English vessels, and in
many instanocs exported from England in the same man-
ner; but we do not entirely deny the fact of a certain
increase in foreign manufactures for some time back.
The natural comse of improvement would have pro-
ductal this effect to a considerable extent, but there is
a much more adequate cause to be assigned for the
temporary increase of foreign manufacturing industry.
This country has been placed, by a concurrence of wise
measures and favourable circumstances, on such an ele-
vated situation in the estimation of the nations around
us—it has become so customary in France, in America,
anti in all the commercial countries of Europe, to con-
sider England as the grand regulator of the mercantile
world—that every cause originating in this country,
every excitement which agitetes us in the first instance,
sooner or later never fails to produce a corresponding
effect in these countries, whose merchants arc so much
inclined to give themselves up to the counsels of their
English correspondents. The merchants, therefore, will
be much sooner convinced of the propriety of our late com-
mercial regulations than their Governments ; and in the
mean time tl:ey have received the impulse derived from
England, which has produced at a later period a tendency
to over-speculation, similar to that which recently pervaded
the trading part of the British community, and only inferior
to it on account of the inferior means and inferior manu-
facturing industry of the countries to which they belong. - - a
Sir Henry lislford Mr. Maw; and Mr. Simpson,
The former prejudices of these nations rendered them still
visited the Duke of York' yesterday, at the residence of the
more anxious to take advantage of the relaxation in our Duke of Rutland, in Arlin ton-street. Ms Royal High-
system than we ourselves were in this country. The influence item transacted official business with his Military Secretary,
of England in this respect cannot be supposed to act idn- and also with Sir Henry Torrens, Adjutant-General.
mediately :it is unnecessary to say that the lender must British Duke
inieeswirmbuoirldinigr. erectingsll
lt!
ke
at the
necessarily precede, more or less, these who follow him ; the architect, in whirl it is understood. the magnificent
and the rapidity with nhich they arc likely to follow him library presented by the King to the Museum will be ar-
must be proportioned to the facility of communication be- ranged.
tween the two countries. Accordingly, America was the SWEASING-IN Or THE SH Eni F FS.—Yestertlay the new
first to follow us in the spirit of commercial enterprise; and sGsrsetilrlllarrlarwmihthertlaiednelalnisit'ochtneesdtecre,,rue.:ll7,•crn
intoSh .office al et
she has already fulloaed us in cur reverses, as is proved It is rumoured that Alderman Bridges is about to retire
by the failure of so many of her Banks, almost immedi- from public life, and that Mr. Farebrother intends to stand
steely after the distress in the establishments of this country for the Alderman's gown of the Ward of Lime-street.
Mr. Sinclair is at present parfortning with great success
was known in the New World. his favourite characters, at Live, pool. On the nights of
Commercial Europe, on account of her inferior commer- his performance the house has been well attended, cud his
clal activity, and die greater difference of her national tan- singing has been greatly admired : be is in good voice, and
gunges and manners, has been more tardy, tat not less his execution is considered very fine. Mr. Mackay, of the
Edinburgh Theatre, who.
.is the favouri e representative of
zealous, in following oar example. She has scarcely yet
the Baillte Jarme, Donunte Sampson, and other characters
passed that period of over-protluetion which preceded our in the dramatised Scotch meets in the Edinburgh theatre,
Commercial crisis : her manufactures have, therefore, for is also at Livetpool. He played the Mollie on Monday to
some time. been. in a state of unnatural activity; ant] it is a crowded house, and his acting was moth applauded; his
as unfair to draw conclusions from their recent state as it portrait of that extraortlitsary character is a very powerful
one. He speaks the purest Saoteli, and gite a great point to
would be to draw similar conclusions from our state in the dialogue, and effect to the scenes; he is a very good and
the year 1525. •
correct general actor. Mr. Liston is expected in Liverpool
What we principally-complain of in the reasoning of the after he has fulfilled his enp.,agestient with Mr. de Camp, at
Opposition Journals is not, however, the mere fallacy of Chester. It is reported that the Liverpool Theatre is about
the argument derived from the increase of foreign manure°. tot its managers,
t but a little time will shot.the
cures. 'We admit—and Nlinistcrs admit most fully and corn- truth- fhettailitshrep .
afor'lalma is
still a source of fresh uneas:-
pletely—the dangers of foreign competition, and the Deceit- ness. The physicians at first advised the waters of En-
aity of of relief to our labour 11g population ; but ghien, and he was in COll ti: (11101 Ce conveyed thither. The
we cannot by any means perceive the necessity of urging necessity, however, of more regular and eesituaus an-
on Parliament Parliament and Ministers to do every thing at once, to tefrondmanticiee'tstrliae'trlotijogl iitdsliernolihsiaictlutttiocti l'aairt
itsl.theMvuich leou is r
hoped
of tis
attack opposition front all quarters, and to increase the dif- character, as well as from the attention vi: his fricuds and of
ficultited which must attend every particular measure by his medical advisers.
connecting it with another, which alienates from them Commander Smith, of his Majesty's sloop Area:tie, ar-
those very parties who would most zealously support them hived at the
esbri tlgiAngdtaira
titesplatatfriat-ecsstlero.tNtig morning f
Croke.
frod7Ll'oittinlienoelitirset
in one of these measures, if proposed sirgly. The people Sir James Briabane, commanding his Majesty's ships on
of England may be well assurefl that no class of men are the Indian station. The contents of the dispatches, as far
mere anxious than his MAJLSTY'S Ministers to alleviate as they relate to the operations of the squadron against the
distress, to correct abuse, and to remove every perms- clitaartitnneetilse, hsaivre
dbetemnt asnnureiispbradneed, lt:,iywaru rhivasltatilthrreorugubnowtheitir
rent cause which may eppose the measures necessary for sailed in the Boadicea on the 231 Marchg from Peynang, for
the public good. They have no exclusive predilection to the purpose of resuming the immediate command of the
the Landholder in preference to the Fundliolder ;—tliev squadron eiti.plTel at Rangoon; but hearing, on his arrival
wish to protect to the utmost the real interests of bath ; procteeadteSl adeitr'erttaatot iaacderal is: I een
, where ea talli.;,ritvheedCoonmtihnLod,
3)rae
all they require is, to be allowed to direct those measures of April. Ills haalth was still cull ring much from the
of which the responsibility is theirs ; and if there is an effects of the intermittent fever with which he was attacked
influence in Parliament, whether Ministerial or not, ode- whilst commanding the flotilla in the Irawadtly.—The
(plate to encounter at once every species of influence, con- Naiad, Captain the Hon. Robert Spencer, also arrived at
titutional or compt, let the party poseessing that inthi- Spithead, Weelneaday, from the Mediterranean. She left
nee come forward, and do that which Ministets proteas Malta on the 27th of August, and brings nothing new.

The Del Monte Shares remain at 100 discount; and
Brazil have advanced to 12 premium.

THE MONARCH AND THE BRAZILIAN
JQUADRON

hn•riarooe, SEPT. 27, 1326.
The Monarch, Captain Mondel, has this day arrived here front
Monte• Video. It will be recollected this vessel was detained in
the Ri►er Plate by the Brazilian squadron, for breath of blockade
of Buenos A) us, and was ordered round to Rio de ,linciro (the
Captain and three of her crew left on board), under command of
Prizentaster and Brazilian!, in number 25, including about 10
soldiers, all armed for the security of the property. On their
passage, and when about 100 miles from hod, the Captain and his
three brave fefous matured a plan, and put it into effect at a pro•
per opportunity, and got possession of their arms, and secured the
officers below, the men on deck also secured, then callad the watch'
and as they came on deck also secured them. One of the number
volunteered and begged to be spared, and he would work for them.
After ha►ing secured and tied the whole, the three of the rue
hoisted out the lung boat, fitted her out with masts and sails, plenty
of provisions and wine and spirits, also a compass, together wi:ls
all their cloilies, and every thing belonging to the Portuguese, and
put 21 of them bound into the boat ; the last was the cffizer. who
was not bound, and to whom they gave a sword and brace of phi.
tole to keep comtraml, and turned them adrift, and being so near
land no doubt but they would soon reach their own coast. The
remaining, three, together with the Captain and his three supporters,
are tl:is day arrived, to the no small joy of their family and friends.