The British Press; or, Morning Literary Advertiser.
London, England, 1826-04-05 00:00:00

THE BRITISH PRESS.

pedlency of extending the time within which therchandize Muy be
exported with the benefit of debenture. The Secretary made his
report on the 14th Feb. MA in which he observed that the new
policy adopted by the English Government, In endeavouring to
draw the commerce of South America to their ports In the West
Indies, reader it necessary for the United States to adopt such
measures as shall enable them to enter into competion with nations
which have adopted a liberal system of Conimerce ; and he added,
that the United States having been the first to set an example of
this liberality, It became imperative on them not to suffer them-
selves to be outstripped in the career of commercial amelioration.

This declaration on the part of the American Govern-
ment ,hews that solar from differing with the British Ca-
binet relative to the free trade system, as has been as-
serted, it is well inclined to render every assistance to ac-
complish this great work. This determination on the part
of a country so purely commercial as the United States,
was to be expected ; because the more commercial a
country it, the more anxious must its Rulers be, if they at
all understand their duty, to follow the spirit of the age.
These Papers contain letters from Mexico to the 3oth of
January, :which state that Mr. WARD has decided not to
return to England. From the same source we learn that
BOLIVAR will not interfere in the struggle between Brazil
and Buenos Ayres, and that Mr. HENDERSON has been
publicly recognized by the Colombian Government as
Consul-General of Great Britain.

The intelligence from 11115316, received by the Alkemeine
Zeitung, shows that serious causes of alarm still exist in
that empire—not only from the conspiracy, traced but not
suppressed by the late in.yeatfgation, but from a revolt
which has recently broken out among some of the moun-
tain tribes inhabiting the range of Caucasus. The ques-
tion which presents itself on this occasion is—whether the
dangers thus arising will be sufficiently considerable to
oblige the Government to confine itself to the suppression
of these disturbances, and the removal of the different
causes of apprehension, in the present insecure state of the
succession, or whether they will eventually prove to be of
so trifling a description as only to serve for a pretence to
collect troops, and to put an end to the discontent in Rus-
sia by engaging in a war against Turkey. Time alone can
determine this dilemma; but, in either case, these troubles
in the dominions of the Cz.sn, open views which tend to
allay the alarms excited by the overgrown power of that
empire—whether we consider that power as menacing
Greece and Europe in general, or as likely to prove dange-
rous in the East, and particularly to our Indian dominions.
It is true that Russia possesses in Europe a population
comparatively concentrated, and that her extensive domi-
nions enable her to menace a vast extent of country ; but
it is also true that this concentrated force has an immense
frontier to cover—not indeed requiring any great protec-
don at present, but which would render a very great de-
fensive force indispensable, if England should find it ne-
cessary to raise coalitions against her. Even in Europe
her subjects are too heterogeneous to unite cordially toge-
ther. The Cossacks themselves are not without their jea-
lousies, and the warlike tribes of her southern mountains are
the sworn and irreconcileable enemies of the Russian name ;
while the friends of liberty in all countries, so long as our
Government knows its own interest as well as it does at
present, must ever be considered as the natural allies of
England. In spite of all unnatural alliances, Prussia
and Austria, as well as Sweden, must keep a watch-
ful eye over the progress of their Northern neighbour
The example of the French truly in Russia may cause
doubts about the practicability of ever making any serious
impressions on this empire; but every year that passes,
and every advance made in civilization, renders the despe-
rate measures then resorted to less probable for the future.
In fact, the scheme of laying waste a country, is a strata-
gem,which,
like every other stratagem, may easily be turned
against its inventor. If BONAPARTE had marched back
contentedly after he had advanced a certain distance, and
had returned next spring to renew the former desolation
on another point, Russian obstinacy would soon have
cured itself. The result would no doubt have been the
same in the cad ; but the battle must have been gained by
the sword, not by famine and the elements.
All these circumstances are equally strong as arguments
against her interference in the affairs of Greece, without
the concurrence of the British Government, and against
any attempts which she might hope to make (and un-
doubtedly she does hope to make such attempts) against
our possessions in the East Indies. Some of our own
writers have been at pains to show how she should pro-
ceed in order to attack the English power in the East. If
they have judged rightly on the subject, we have certainly
good reason to question either their policy or their patriot-
ism in disclosing their views; but we are consoled for their
indiscretion by their inaccuracy, for we are persuaded that
their alarms are perfectly groundless. The Edinburgh
Review, in a late number, endeavours to show that Russia ,
ought to consolidate her power in independent Tartary,
and make it a place d'armes for an attack on India, This
would be a work of time the writer adtnits, and he must
admit it to be so; for,at present,England would have as much
facility as the Autocrat himself, in marching troops, even i
through the Russian dominimis in Tartary. If the connexion
of these distant possessions with the European dominions ever
should be drawn closer, it truest be by the progress of ci-
vilization, and civilization invariably brings with it the
love of liberty and independence. In all probability, the
intended place darmes, which is yet unconquered and un-
explored. would have soparatosi-issaif from Russian supre-
macy, long before it could be rendered useful in the way
proposed. An attack on the side of Persia is equally im-
practicable, and for the same reasons. Yet England has
much cause for jealousy in any case of encroachment on
Persia; and in general we may remark, that the causes
which we have stated, as rendering the invasion of India
impracticable, must be carefully preserved in their full
force, and taken advantage of, if necessary, on our part ;
as, without that, we can see no chance of resisting a
power so overwhelming as that power undoubtedly is which
is wielded by the Autocrat of RUSSIA. Any disturbance,
therefore, on the frontiers of Persia, must be considered
I as a subject deserving the attention, both of the people and
of the Government in this country.
CITY, TUESDAY EVENING.
The Funds were seriously affected this morning, by the
rumour that the Kait India Company wanted u loan of
two millions front the Bank. The expense of the Burmese
war, and the difficulty of negotiating a loan at Calcutta,
where the interest of money had advanced to the rate of
8 per cent. per annum, gave every appearance of truth to
the report, which otherwise would not base been attended
to. Console, which closed last night at 79& were done
at 1 early in the day, and closed at 79. Exchequer Bills
were 4s. ss. prem., and Bank Stock 2074 204
Foreign Securities were also held more heavily to-day.
Colombian Bonds have declined to £5, as have Mexican
6 per Cents. to 74. Itussi‘an Bonds were 80i. Spanish
Bonds are stationary at 10'4. In Greek Stock there ap-
pears an evident disposition to advance; it was reported
to-day at 181.