The British Press; or, Morning Literary Advertiser.
London, England, 1825-12-08 00:00:00

hil;swl4\

■

,"

Gone. fir/ li

2
10

glte

PRICES OF 414terrism A ToCK s YESTERDAY.
Irak Stock 2161 2111 2141 II peer Cent. Red. 90j 1
Firer It 'RA: NI la Long Ann. 24 1.11
SON ContaCotts. Ex.BiUslid.l.oo4ll. 811 rila
3.4441‘a1t.,144 It j ea Lbw, SOW. II V 11 di
1101,Dout, 901 L, . _ Ditto, Small 18 11 di.
14111C116 OF POUZION STOCK/ IiF.STEIt OA V.
Ilaerboamill&•.- • Preach Routes 3 per Ct. W. 76c.
Dim 41410...., .
mil :, , . Oa, 26e,
Exchange 23f. 10c.
Sairrilgk eISI IT,dlll . Greek Bonds
AyteadMlli 71 • Dltto Bonds(1825) 17 1311 18
Diisks`Aettl." ' • ''' '4' ' Mexican Bonds 40 I&
iitillioulksale 01111!, .8 • Ditto Bonds (18251 85 41.4
bun Volt 4021
2.2 2 pittoTtenct. 41 4iSiig 41 41 1
Bonds
Di sic;111.1131:2i 3i511 It 2 Ditto Acct. 48j
t
11110 ' 1 ' ' Prussian Bonds SSi
' Ditto Bands (1822) fe
Dims Bomb 118E6) ell ft.. Russian Bonds (1122) 18 a i
..___ _. - ..... . .

Pft ICIARIIP /2116 t R 248 YES TB Rll A 1 .
arixEs.
:,. ' 'bare. Paid. Premium der Emu.
=ilex ton £l6O 00 36
13j 74 6
16 f 6f
p.... 3 14
9191011 t sod 640 . 4, •••...
60 2 If dim
....„.....r ...... ..... 100 5 6
pNoem
, .......... .. 60 4 2 I 3 dis
• lOO 6 1
de 05t5........... 4OO 400 2
ciskifll Msainsn
Dim New ...... ... „.......„, 4O 10 64f 5
Mists Iron an Cal
26 20 7 6 7 dis
astiviairrl COMPANIES.
Gliiiillan -. . 100 10 91
AOIIIII GLT AWD COI COMPANIES.
Sillial
mrscELLAxEous.
MOO
Gliettaliiteain Naidiar ; 12. 6 1 dis
liprial Plate OW ....1.44 10 2 1 die
rrelcan ..w.
snatrisksrf (Yellow) .. .....r,
Provincial Bank of Ireland ...a.

regos.

DRURY-L.ANE THEATRE.
.TAIS Evening, To ußstmv.Ne poem be performed the Comedy of
THE SCHOOL FOR SC INDA L.
Peter Yeas's, fir. Dui/ten; Sir Oliver Surface. Mr, IVilliams;
smin flaektskte. Mr. Browner Joseph Surface, Mr. Archer;
Surface. Mr. Walisek; Crabtree, Mr. Hattie; Mules. Mr.
Lady Teazle, Miss Kelly; Mrs. Candour, Mrs. Davison.
After which the Farce of
TURN OUT.
wee, Mr. newton; Somerville, Mr. Horn; Dr. Truth's. Mr.
ems: Forage. Mr. J. Russell; Gregory, Mr. Harley. Marisa,
MO Kely.
To-aserrow, Famed]; The Camp. and The Panel.
COVENT-GARDEN THEATRE.
This Evening, THURSDAY, Dee glorfli be performed the Comedy of
THE SCHOOL FOR SCANDAL.
tr Tessie, Mr. H. Farren ; Sir Oliver Surface, Mr. Fawcett;
amid Backbite, Mr. Jones; Joseph Surface, Mr. Coopers
Mae, Mr. C. Kimble: Crabtree, Mr. Blanchard. Modes,
Madtneley. Lady feast*, Was Chester; Mrs. Candour, Mrs. Gibbs.
_ -- -

-
After which (4th time) an °parade Mc*, *ailed
'TWAS I.
ntip Principal Character' by Messrs. Durnset, Keeley. Frans. a
Ames; Miss Jones. Madams Vestrls, and Mn. Davenport.
To conclude with (9th time) a new Piece called
THE cCA PE-GOAT.
TM Characters by Meows. Blanchard. Cooper W. Farrel, and
aleelowst Misses Junes and A. Miles.
To-morrow, Chad. The Deserter ot Naples. arid 'Twas I.

The BRITISH Pates commenced publishing yesterday morning
at half.past five o'clock.
LONDON, THURSDAY, Dectstaza 8,
•
The Paris Papers of Monday have arrived. As we
naturally anticipated, the Cowries Francais has been ac-
quitted. The terms of the judgment are similar to those
pronounced by the Court in the case of the Constifutionnel,
Public attention still appears to be directed to these im-
portant prosecutions. The Journals of the Royalist Op-
podelon affect to tegard the result as a ministerial defeat,
but we observe that Ibis does not seem to be the view
of the Liberal papers themselves. They talk less of the
Ministry than of the Jesuits, by whom no doubt the pro-
scutions were instigated.
The French funds, it will be seen, have risen consi-
derably. The Five per Cents. closed on Monday at 96f.
74c. and the Three per Cents. 60f. .Soe.
The unfortunate King of SPAIN, in addition to all the
other troubles by which his evil genius has surrounded
him, was, it appears, menaced with the destruction of the
jot splendid of his palaces by fire. The convent of the
Escurial was in flames, and there was little hope of saving
the palace from sharing its fate. A royal decree has been
bayed fur the regulation of the finances ef the kingdom.
No mere fiscal arrangements can replenish the treasury of
an impoverished nation like Spain;. but' there is nothing
la this decree in any respect calculated to forward the ob-
jats of its contrivers. M. Zia has been ordered to depart
in great haste on his mission, or rather exile, to Saxony.
[From the Courtier Francais of Monday, Dec. L.l
MADRID, Nov. 24.
M. Zea Bermuda, who is appointed Minister at the Court of
Drasdcn, with a salary of 2,000 piastres, own his removal from
Madrid to some foreign Ministers; accordingly, in the order which
communicates his nomination to him, he is expressly told that he
is to set out as soon as possible, for such is his Majesty's pleasure.
fie succeeds M. Busecourt, who remains attached to the Ca.
manilla of the Infant Don Carlos, one of whose favourites he has
always been.
Elie Majesty returned to the capital the day before yesterday ;
the glasses of his atrriage wets up. In the evening all the Chief
saucers of the Royal Guard waited on his klajesty, and requested
MCI to honour the guard by reviewing it next day. The King
crooned, and told them he would see the guard pass under his
windows, which he did yesterday at noon ; the Swiss took part
is the parade. The Minister Zembrano, commanding the cavalry
of tie Royal Guard, was at the head of the troops. It must be
owned that they were part ctly well equipped, but the !soldiers were
mere youths; they are not sufficiently instructed in their military
datles, and would not have strength enough to endure the fatigues
of even a short campaign. The horses are in bad condition,
especially those of the Cuirassiers, who can hardly carry their
riders. The officers are not older than the soldiers.
A fly days before the return of the King, the intendant of
the police had orders to send away from the capital all monks and
pellets who were there without sufficient reason. This is the same
measure that was adopted last year towards officers on half-
pay.
According to the information which has been received by the
Minister of the Marine the English Company has already disco.
vend at the bottom of the sew, is the port of Vigo, live galleons,
whieb sank there 120 years ago In sounding, a large body was
fria.-4, which is supposed to be a sixth galleon ; but a sudden
✓ows arising it was necessary to put off' the estunisaton till calmer
weather.

The let regiment of cavalry of the line, which had been
stmiewed for some months at Caramancheles, has now received
order** proceed to Cordova. We have just learnt that the convent
of the Escurial Is all in dames. Fire engines have been sent with
e.l haste from thls.elty with the necessary assistance and two archi-
tects se direct the workmen. It is affirmed that the fire commenced
in the kitchen of this convent.
Tutarter Forrus —Pants. DEC. 6.—Five per Cents. opened at
closed at th.f, 7sc. ; Thee per Cents. opened at 65f. 70c.;
closed et CA I. Bank Stock, 2030 f. ; Neapolitan Bente', 78f.
49c.; Spanish Loan. 49f. ; Ilaytian ditto, 800 f. Exchange net Lon-
don—One Month, 24f. 95e. ; Three Months 24f. 76c.—Cours
AstAtnifpc.

Mr. Boars has somewhere said, that nothing is so cold
as the heart of a thorough-bred Metaphysician : had he
lived till our timus, he would have excepted the heart of a
thorough-bred suck-j4ber. liven the daily press, when it
is thoroughly infected with this selfish and mercenary spirit,
4prepared by it, to saetiaee the deepest interests of the
labile to the private pot of its conductors, who look to
evospl-erivis of stars with a callous Indirerenee, except u
to tbi beating it may have—Jr may be made to have—on
their own speculations. It is impouitle, tin any other

manner, to account for the studied efforts which have been
made by the Times imangruent the pressure of commercial
distress, by thrusting every topic into discussion which
could most tend to aggravate it. Its leading columns
from day to day, encumbered with abusive declamatitim,
which has no other object than to bring the credit, not only
of the Bank of England, but of the whole class of bankers
and of commercial capitalists, into suspicion. For this pur-
pose it not only has recourse to false arguments and un-
founded assertion, but it brings up the rear of its periods
with vulgar invectives, wrapped up in coarse and con-
fused metaphor. In its leading article of yesterday, a cir-
cumstance, having in itself—even if true—nothing of an
importance to make it a subject of public comment, is
brought forward with great solemnity, as a matter of
rumour, and is made a handle for the further propagation of
alarm. The public are informed that—
" Reports were circulated yesterday that an eminent
London Banking-house had been placed in sudden diffi-
culties on Saturday, but that on laying before the Direc-
tors of the Bank of England a statement of the situation of
the firm, they advanced a large sum of money, by which
relief was afforded, and the shock to general credit, which
even a temporary suspension of payments would have
caused, was prevented. It is added, that this was regarded
as an affair of so great importance, that the Bank Direc-
tors met on Sunday morning to take it into consideration.
On examination into the accounts, however, the security
appeared to them to be so ample, though unfortunately not
at once convertible into ready money, that they without
hesitation advanced the sum required."
That an eminent banking-house, anticipating the possi-
bility of a sudden demand from the panic of the moment,
should take due precaution to provide against it, and that
the Bank of England, after being satisfied, upon in-
vestigation, that the firm had ample funds—although not
convertible into currency upon the spur of the moment—
should advance a sum sufficient to meet any such exigency,
should it arrive—is surely not a circumstance so extraor-
dinary, that the very rumour of it should be made a matter
of public announcement. No. But neither does the
Times proclaim the circumstance simply as matter of intel-
ligence. In that light it would not have been worth relating.
But there was a purpose behind, and it was this: the
giving currency throughout London and the whole king-
dom, that " an eminent London Banking-house" had ap-
plied for, and obtained, relief from the Bank of England,
would have the effect in a certain degree, us no particular
firm was mentioned, of bringing the credit of ever!' London
Banking-house into suspicion, and the alarm being thus
general, might bring a run upon all. This purpose, and
no other, could have been answered by it, and therefore this
purpose, and no other, could have been intended. In proof
of this, we need only attend to the invidious and un-
called-for remarks with which this journal follows up the
rumour

" The Bank may hate acted humanely in affording the
relief requested, and the security may be sound. With
respect to the public, so far as it is concerned in this trans-
action, it not being probable that gold to a great amount
has been in the first instance transmitted to the house in
question, an additional quantity of paper (convertible, no
doubt, into cash on application at the Bank) to the amount
of the sum advanced, has been sent into the market. We
suppose that the funds possessed by this and other houses,
not immediately convertible in the amilin4l4„-rlso„eipaa
their credit, may consist of at oRTG•1311; and if so, this is
also a great public evil—that bankers, the dealers is paper.
should have seized so much of the real property of the
kingdom, that they have not le#Aemselva sufficient in
their coffers to carry on the concerns of their houses, or to
meet an exigency: a difficulty arrives, and they are
obliged to quit their prey. They resemble pike and other
rapacious fish of lesser dimension', who pursue and seize a
gudgeon, which, when they are at the point of swallowing,
a larger pike supervenes, and appropriates the victim."
To what end are these malignant insinuations thrown
out but to destroy still further that confidence which is the
great support of public credit, and which is already most
unreasonably depressed ? Why at this moment, of all
others, are the great banking-houses in the metropolis to be
thus publicly charged with seizing on real property with
such rapacity as to be left without the means of answering
the demands upon them ? It is here declared to be a great
public evil that the funds of bankers should consist of mort-
gages, and they are represented as possessing themselves,
through this means, of the real property of the kingdom.
Was it ever before heard of, as matter of accusation, that
a banker took landed security for any sum he advanced
to a customer in the way of accommodation ? Is not
all mortgaged Troperty redeemable on payment of the
sum borrowed upon it? How then cats any banker
seize the estate of the landed proprietor, or how can he
convert it, in any manner, or to any extent, beyond the''
lien which he has for the sum advanced upon it? It is not
true, as hen insinuated, that the bankers thus obtain real
property in exchange for their paper; no notes of any pri-
vete houses are issued in London; their payments are
effected, it is true, by the paper of the Bank of England,
but it must also be remembered, that it is the paper of the,
Bank of England that is deposited with them by their cus-
tomers, and that cash is obtained by them readily; and
upon all occasions, and that without regard to whether it
was cash or paper that was paid in to account. No set of
men employ their money more prudently than the London
bankers, and the public have had such unequivocal proof
of the stability of their credit, as is not to be shaken by
any tumour, not even when aided by all the malignant
comment with which thel"imes gives it currency.
As to the existing embarrassments in the money market,
they were occasioned, at first, by confidence imprudently
given, but they are at this moment greatly augmented by
that confidence being as unreasonably with/v./d. If no un-
due excitement had been employed by the press, mercantile
credit would by this time have settled itself much better
than it has been permitted to do between the excesses of
enterprise and caution. But there is no doubt but that I,y
its own elasticity it will ere long shake off the languor that
now oppresses it, anal the rational confidence which is daily
reviving is a proof of it.

The important letter concerning the Silk trade, in our
paper of this day, will be read with deep interest, not only
by the persons immediately interested in that branch of the
national manufactures, but by every well-wisher to the
prosperity of his country. The writer, it is evident, is
thoroughly conversant with his subject, and his statement
of facts, we know, may be relied upon. He has discussed
the question with so much ability, that it would be imper-
tinent in us to add a single remark.

We invite the attention of our readers to the article in
another column respecting Mr. PF.aisiats's wonderful
engine of devruction, the steam-gnn. The experitnents
performed on Tuesday, before the Duke of WELLiNCITON,
prove, blond all doubt, that a power has been invented
which will work a complete revolution in the art of war,
or, we ►bcu'd perhaps rather say, annihilate it alsoLether.

universal destruction : for what bulwark of defence could
withstand a showet br stream of cannon-balls issuing from
itesin-gun ? As to armies meeting each other in the field,
;Walther of them be provided with instruments of this na •
cure, it may in a few minutes sweep its antagonist from
the surface of the earth. The application of Mr. PER-
IINS'S high-pressure steam to mechanical purposes must
also be attended with results so highly beneficial, that we
can hardly exaggerate them by auy anticipation we can
form at the present moment.

WEIFiIiGLY EVENING.
A great degree of agitation and depression is still mani-
fest iq the Stock Markets. In the course of the day con-
siderable business was transacted in Consols, which
fluetuated between 841 i to 81, sellers, during the early
part of the morning; and the concluding tiaotations were
834184.
e prices varied very little from yesterday in the
Foreign Market, in which there is still considerable
languor. Colombian Bonds were 62 ; Mexican Six per
Cents, 84; Greek Bonds, 17 19; and Spanish ditto, 151.
The Sugar Market does not improve. In the absence
of a public sale, the price of Coffee nominally continued
steady.


THE' 3RESK
..--
mustlire at peace when war will tbeceturily produce I