The British Press; or, Morning Literary Advertiser.
London, England, 1825-06-10 00:00:00

. .

talien to fhe Order of the Garter. The aeli..•
the Sword took place with all the cense-
of .. .e of the 24 Kaights of the Order.
' the oath, with the modificationsmodificationsrequired
remit i o n .
"Welt from his Majesty the Sword he wore to deli-
. of the Order, which. •vrith the Star in Diamonds,
which' the wads Hord' wit qai mat y Terme are in dia.
us., and then:antics are estimated et 1,00,000 liana.The ceremony occupied an hour anti a half. The Ministers of
Foreign Affairs and of the King's household pert present.
The Duke of Northumberland, it is said, has elven Megaliths
to the King'. coachman who wan sent to fetch him.
FILZYCH FtIXDP.—PARII, Joys 7.—Five per Cents. 10If.
se. ; Three per Cent.. 74f. 20c. ' • Bask Stock 2.186 f. Relates
d'Eep. 18. Royal Spanish Loan, 46. Exthange on London :
.pas month, 24f. Sit, ; three months, 24E1Rc.—Coarr Authen.
tire, June 7.
—....ame.--- •
By the following extract of a letter from Oibraltar, dated
May 19, it appears that the Colombians are bringing the
war to the Spanish coast, and making the Spaniards feel
there the effects of their continued hostility to South Ame-
rican independence. Any thing like a moderate or reason-
able course of proceeding on the part of Spain would long
since hare secured for her, instead of these harassing and

painful vexations, a preference in commercial intercourse
with her ancient colonies, and many other advantages too
obvious to be pointed out. When will that infatuated
eaustry learn wisdom ?
" As We mean it may perhaps be intaaptiog to you, we beg
in slaw that on.the evening of the 17th the Cniernbian brig of war
Veeeedoe, mounting.lli guns- sochpred ip the Day, gad a few days
Wert the privateer schooner Eagle also tares la Crow a cruise out-
side else Straits; Mis in sight of two Spanish of war of equal
sifts, 10 the opposite side of the Bay of Alglssg A few-days
tot Vicoeder. after a fewintautee essagessmat In the Shafts,
WA the Spanish brig Primer° de Catalina, 014 gums and Omen,
ef and for Barcelona, from Havannah. The beats of the Colom-
bian saved all the crew except three, MA 111112 t then here at liberty.
We know not what has driven them in dare, but r?port sap that
they are chased by a Feench frigate, she that a Spanish frigate is
outside. Of late they have been blocking ap,tate bade of Cadiz
sod the &halm The brig did not Wise eke ipOilW, tend is now
mike suarsatiais for 21 days. •
The Times knows not how to estrieste itself from the
difficulties in which its blunders have involved it with
respect to the new Spanish Loan. For several weeks it has
spoken of the Eithjaet as if it knew that the negociation was
pending, and had never stated otherwise. But its readers
en the Stock Exchange will not soon forget the two Ex-
presses from Madrid, which the 'rime, said it had received,
" confirming almost to the letter" the assertions it had pre-
viously made as to FERDINAND'S resoluticit never to ac-

knowledge the bends of the Cones in any shape or to any
extent. Yesterday a paragraph appeared, not "in the
most distinguished part" of the Times certainly, stating
that "accounts had been received from Amsterdam, that
ALUatarre, in individual in the employ of the Spanish
Government, had entered into an arrangement with some
Dutch merchants, for the purpose of paving the in-
terest of the Loan to CHAIILiII IV., and that becom-
ing due on the Regency Loan." Subsequently the
writer of the paragraph declares that he " disbelieves
the whole statement," and with admirable consistency winds
up his article by exclaiming, " Under what a peculiarly
inviting farm, then, must new contracts for loans present
themselves!" This is manifestly absurd; for if there be
no truth in the statement, there is of course norhange in the
prospects of the expectant contractors of any new loan. We
confess that we too are "inclined to disbelieve the whole

staternent,"whic.b is precisely of the same character as all the
rest of the intelligence published by the Times with relation
to the late negotiations of the Spanish treasury. This, how-
ever, it should in fairness be noted, is the first instance in
which the Times has been sufficiently candid to state on the
face of its own articles that they are totally unworthy of
credit. The mission of M. Us, 'yr a was for a loan generally,
and it failed entirely. FaittiiNA ND would rather not have
admitted the bonds, if he could have avoided it. He
applied therefore to the Dutch merchants ; but he was un-
successful, and he was then compelled to accede to the terms
of the *OM capitalists. We have given no opinion ea to
the principle of this measure. We have confined ourselves
simply to the statement of facts. IVs had some reason to
hope that we should to-day have communicated sonic fur-
ther information to our readers, but none has reached us.
What we have already published, however, is, we again
affirm, correct in every respect. The contract for the new
loan is concluded, and it will be formally announced in a
very few days.

Ilia EXCELLENCY the LOAD LIEUTENANT, not being
quite recovered from his recent indisposition, held a Council
on the 6th inst. at !he Phoenix Park, when the Baronies
of Middlethird and Clan wi Iliam, in the county of Tipperary,
and of Orrery and Kilmore, Fernay, and West Muskerry,
in the county of Cork, were relieved from the Insurrection
Act; its operation is now removed from the whole of
the Sister Kingdom, these being the only districts from
which it had not previously been withdrawn. This moat
desirable result is to be attributed to the prudence and
ability of ,Lord IVELLEBLEY, and to the address with
which the sovereign authority in his hands has been
exercised for the best interests of Ireland. The tendency
to disturbance and bloodshed, which called for and justified
the Insurrection Act, has now, we trust, entirely disip-
peered. Some there are, we know, who speak on this point
very doubtingly—who are of opinion that this distUrbing
force, may, before we are aware, again become formidable,
and that we ought not wholly to abandon the means of
keeping it in check. That them arc powerful causes in
action which may unsettle its present tranquillity, cannot
be denied; and we are not, therefore, disposed to blame
those who would fain continue the Insurrection Act in
force as a measure of precaution, knowing that in the
hands of Lord WET.LEELF.T it would never b.: resorted to,
but under circumstances in which the public safety im-
peratively called for it. It is, indeed, probable, that Lord
It'ett•Est EY would not oppose the measure of its renewal;
but we speak confidently, when we say that be would
not originate it. We are of opinion that there is little to
fear from the Catholics, as a body, on the score of disaf-
fection • and we therefore think, that sound policy forbids
that the ruling power should do any act that might pro-
claim its distrust of their allegiance, Of that might kindle
their enthusiasm by any thing like an appearance of
meditated persecution. There is confidence enough in
the present vice-regal Government in Ireland to ensnre the
respect and attachment of the Catholic population, should
any symptoms of a contrary nature appear, which may re-
quire " a vigour beyond the law:" it will be then time
enough to call for its application. There are circum-
stances, no doubt, under which it may be well to provide
beforehand for public safety; but in general, the manliest
and the wisest policy is to wait till it is actually en-
dangered. •

CITY, THURSDAY EVYNIWO.

The British Stock Market was without interest this morning, and
the transactions in it were unimportant, if we except a purchase of
40,0001. or account of the Court of Chancery in the Reduced An-
nuities. Consols for the opening were done at 903 and the Re-
duced Annuities at B'9 la.

In the Foreign 31a;ketthe business was also limited, excepting
in Spanish Bonds, in which many bargains were made. Indeed
these securities were to-day the great point of speculation ; and so
in all probability they will continue for a few days, until the ques-
tion of a loan is put beyond doubt. Towards the close of the day
South American stock became depressed, without any cause being
resigned for it. Colombian Bonds were from 851 to 1. and Mexican
Scrip discount. Greek Scrip still continues to decline; at one
time it was at 13 discount; it closed however at 121 12. The
Bonds were 48. Brazilian Scrip was 11 discount, and Danish
eir.o.4 31 discount.
There was a gloom about the Share Market this scorning, and
the greater proportion of the bargains there were in Pasco-Peruvian
sh^res, at 111 121. and in those of the New Potosi Company at 01.
There were however some inquiry for Anglo-31exican shares, which
were done at 105 110, and foe the United Mexican Shares at 21 24.
The Tropical Free Labour Company came out to-day, but nothing
ws vet has been done in it. • • . . _

_ .....
In the Colonial Market there was not much doing in Sugar or
air r, tut Coffee was in fair demand at firm prices.

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