The British Press; or, Morning Literary Advertiser.
London, England, 1826-03-24 00:00:00

TROY ♦ PRIVATE LETTER.

The last despatches from the flavannah speak of the great pre-
parations tar defence which the inhabitants of the island are making
at their own expense, in case of an attack. According to private
letters there are 9,000 regular troops in Cuba ; vis. 7,000 Europeans,
and 2,000 natives.

The Deputies of the Blscayan provinces now here have just been
called upon for a report on the privileges which their provinces en-
joyed In the time of Charles HI. It seems thst the King intends
to restore to them all their ancient privileges, even those which were
taken from them under the Ministry of Oodoy, but on condition Of
their increasing their annual contribution to the public treasury.
Orders have been sent to the Inspector of the Bath* at Sacedon to
forward the works of the little palace of Queen Isabella, so that it
may be able to receive the King, who, it is saidN intends to go
thither this year. _ _ _

General attends has ►een deprived of the command of the
province of Seville.
The Council of State has just laid before the Kings report,
stating that, in spite of the purifications, persons have crept Tato all
the branches of the administration, whose political principles do
not harmonise with the system of his Majesty's Government. The
Council concludes by requiring a purification of the employ&.
The King ham sent the report to tha Council of Ministers to be ex-
amined, with an injunction not to make any change among the
persons actually in office, even if the report of the Council shauld
be perfectly veil founded, until a very detailed report shall have
been made respecting that part of the conduct of the officer, which
would require his dismissal.

[From the Dull,: dated Wednesday. March 22.1

PARIS, AlAI;CII 21.

The Qrooadienne uys that reports onThange announce a popular
tumult at Madrid. Letters of the 15th were received yesterday at
Paris, stating that everything:was tranquil.
Attother journal says the death of the Emperor of Austria was
reported at Paris.

Letters from Vienna of the 14th, in the evening, say he was
better.

FRENCTI FUNDIh—PARTS, Mescn 21.—Fite per Cents. 96f.
Three per Cents. 641. 60c.; Bank Stock 2,000 f.; Rente de Naples
72f.; Itkyal Spanish Loans 14e. ; Haydn Loan 7401. Exchanges
on London :—One Month 951.65 c. ; Three ditto 26L10c.—Cost s
uthostique,

At the Meeting of the General Court of Bank Proprietors
held yesterday, Mr. YOUNG, it will be seen, took occa-
sion to put various questions relative to the mode of relief
to be administered to the exigencies of the mercantile
world, and the species of security on which the advances
were intended to be made; to which the Govaalloa, in
reply, gave the most satisfactory information, as far as the
present arrangements on the subject would admit. The
'great object of the Bank is to relieve the pressure on pub-
lic credit, under terms most advantageous to the applicants
that can be granted consistently with its own security.
The liberal manner in which the Directors came forward,
in aid of the public service, has contributed greatly to the
restoration of commercial confidence, and averted much of
that embarrassment which, great as it was, would, without
such assistance, have gone on to accumulate to a much
greater extent. The inquiries urged by Mr. YOUNG may
be regarded as somewhat premature, inasmuch as, in ac-
ceding to particular applications, and in previously regu-
lating the terms on which they may respectively be com-
plied with, so much must be left to the discretion of the
Directors, that it is easy to see the impossibility of answer-
ing in detail to pints which it is before-hand impossible to
decide upon, and 'which, after all, are best left to the
judgment and integrity of those to whom ate arrangements
are confided.

CITY. THURSDAY EVENING.

The Funds drooped this morning, owing, it was stated,
to reports relative to Portugal, but they were much too
vague to have had any influence even on the Stock Ex-
changes in a time of less agitation than the present. It
was said that an application for an English force to
protect the Regency in 7ortugal was made to the English
Ambassador at Lisbon, which had given great offence to
the Court of Paris, and that remonstrances were already
sent over on the subject. After this rumour was in circu-
lation, Consols, which had previously been at 78 to 4, fell
t0:771 I, at which quotation they closed. An eminent
speculator sold largely, and it was reported that he did so
in consequence of his possessing information of a very un-
favourable nature. It was said that he sold nearly 400,0001.
Taking such a sale into consideration, the prices certainly
retrograded less than might have been expected. Ex-
chequer Bills were rather lower, they were reported at 3s.
4s. 'is. 3a. premium. India Bonds ?so experienced a slight
decline ; Is. 3s. premium was the price of the morning,
and the Money market was generally heavy.

The Exchequer Bill Market is still largely occupy:ng,
the attention, not only of speculators lea of mercantile
men generally, many of whom are of opinion that the
rise of the rate of Exchanges, on the last Exchange day,
seems to prove that the causes which have produced a con-
traction of the currency are still in operation. Under these
circumstances they say that the CHANCELLOR of the Ex-
CHEQUER would act wisely in postponing or abandoning
his intention of increasing the funded and diminishing
the floating debt, by raising a loan, or withdrawing Ex-
chequer Bills from circulation, unless the public faith,
pledged to the Bank, should make one of these measures
necessary. As to the other motive which may be supposed
to have dictated his plan,—the fear that the Exchequer
Bills would be paid in considerable quantities to the col-
lectors of revenue,—their present price is calculated to re-
move this alarm. A large party in the City are still of
opinion that the CHANCELLOR of the EXCHEQHFR may
have calculated too sanguinely on the degree to which
mercantile credit had revived. Recent failures they assert
have shown that it is still in such a state as would render
it most unwise fur the Government to go to market as a
borrower, or to take any measure which may divert cap!.al
from its ordinary employments, onto augment, for however
short a period, the contraction of the currency.
South American Securities continue to maintain the
elasticity that has been apparent in them now for some
(lays. Colombian Bonds were 50/. Mexican 6 per Cents.
66g. Chilian Bands So. Brazilian ditto 551. Russian
Bonds remain at 78. Greek and Spanish Bonds were also
without variation, the former at is}; and the latter Rol.
The following circular of the respectable banking firm of
Sir Walter Stirling and Co. has been issued:
" Sta,—We have the pleasure to inlbrm you, that we are now
prepared to make a further and immediate payment of one third of
your present balance, with interest on such balance from the Ist of
Jimmy last.

" Referring to our circular of the 2:kl of December last, we beg to
repeat the assurance we then gave of discharging in full every
claim upon us ; •and though at present unable to name the time at
which we shall be prepared to do so, it is unnecestatry, we trust, to
assure you, that no exertion will be wanting on our parts to accom.
plish so desirable an object with as little delay as possible, and in
the mean while we hope for a continuance of your kind forbearance,
and retuain, Sir,

. " Your mom obliged and humble servanta,
"STIRLING, STIRLING, AND HODBOLL.
" 315, Strand, March 22, 1826."
The letters that we have this morning seen from the
manufacturing districts, for the most part express sanguine
expectations of an immediate revival of trade.

NTOO Tt A TIONS AT ST. PETI,RSKTRGH.—I t is uncertain
whether the hike of 'Wellington will continue at St. Pe-
tershurgh till the coronation of the Emperor or not. Lord
Strangford has received his letters of credence, and was to
pres. 'lt them immediately at a solemn audience. General
Dornl),:rg was to pre.Titt his credentials as Alieister of
Hanover on the 6th halt.