The British Press; or, Morning Literary Advertiser.
London, England, 1825-06-29 00:00:00

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ode place between them, but no business was transacted.
On the next day the parties again met, and then the subject
was fully discussetl,and the merchants required, among some
other modifications, that the loan should be postponed till
after the conversion of the French renter. To this new con-
dition, M. ALMAGRO consented, stating that the Spanish
Government was not so much, or immediately, in want of
money as to render a present supply absolutely necessary.
The whole negotiation now appeared to be concluded ; but
on Friday; when the parties met again, the convectors, to
the utter surprise, and no less to the extreme indignation
of M. Atom AO an, required as a further condition that the,
independence of South America should be recognised. M.
Armaorto then declared that he came to London, not to'
discuss a political quesLion, but to settle a financial ar-
rangement, and a scene of violence ensued, in the course
of which he, in the strongest terms, reproached the
contractors with their breach of faith. These are the
facts, and we kare it to the public to make their own
commentary.

In the House of Lords last night the Bill for abolishing
Frivolous iVrits of Error was read a second time. The
LORD CHANCELLOR was ap?trchensive that greater evil
than benefit would result from the change, as litigious de-
fendants would, he thought, be induced to plea:l the ge-
neral issue, and consequently there would be an increase of
delay and expense, instead of the expected diminution.
We perfectly agree, however, with Mr. PEEL, that the ap-
prehension of new evils ought not to deter us from putting
an end to those which we know actually to exist. If sham
pleas should hereafter be resorted to, for the purpose of
defeating the ends of justice, Parliament eau again in-
terfere.
The Bubble Act Atnenament Basso also read a seoind
time. The Earl of LAUDERDALE, who has been anxious
to signalise himself this Session by his :opposition to al-
most every kind of commercial undertaking, shortly ex-
pressed his disapprobation of the Bill, on the ground that
" it encouraged monopolies, which were destructive of
individual enterprise." Now, this we take leave to say is'
entirely a mistaken view of the subject. The Bubble Act is
an absurd and unintelligible statute. Its repeal can have I
no tendency to " encourage monopolies." It will only
leave commerce free to the e,.ertiens of all parties who may
choose, individually or z•ollectively, to apply themselves to,
tiny pursuit which may in their opinion hold out a reason-
able prospect of advantage. If it were proposed to restrict
any branch of trade to any particular joint-stock company,
a monopoly dangerous in consequence and odious in prin-
ciple would be created; but no such design is entertained.
Fraudulent schemes may still be punished by the common
law, and that is quite sufficient to meet all the cases of that
character which can arise.

In answer' to a question last night from Lord ions
RUSSELL, it was stated by Mr. Secretary CANNING, that
the amount of the British claims upon Spain was about two
millions. The Right Honourable Gentleman added, that
he could not state the amount that had been admitted by
the Spanish Commissioners, who, he intimated, had thrown
every impediment in the way of a settlement. In order to
make what progress had been effected, it was necessary to
hold out a threat of reprisals. But if the Spanish Govern-
ment had been willing to do justice towards the claimants,
there would still remain the more serious difficulty of an
empty treasury. It is gratifying, however, to know that
no measures have been neglected by Mr. CANNING to
compel attention to the subject. By these means, an ac-
knowledgment of what is due may be obtained; but we
must despair of payment while the King of STAIN con-
tinues as pennyless as he is at present.

CITY, TV£SDAY EVEStING.
There wav acme extensive business done in the English Stack
Market this morning, and the Reduced Annuities fully maintained
yesterday's prices, ; but Consols for the opening were a little
worse, being done at 91M all day ; which may be attributed prr.
bably to the business that was doing in the new French Rentes,
which drew aside attention from the English Funds.

Preparations are making in th'e Porefgn Market for the settling
day on Thursday, which is expected to be • heavy one, parti-
calmly as connected with Spanish Bonds ant Rock Salt Stases.
The Spanish Securities in the early part of the day were languid,
but they afterwards rallied, and left off nearly at yesterday's quo-
whin:: the Old at 22 and the New at 17. Greek Scrip recovered a
little towards the close of the market, at one time it was 121 13;
its last price was 12 111. A good deal of business was done
in South American Securities, which were held firmly. Colom-
bian Bonds were 88, and Mexican Scrip 2 discount. There were
more inquiries for the New French Rentes this morning than on
any previous day ; the price reached 7633. Brazilian Scrip wss 3
discount; and Danish ditto 323 discount. With the exception of
the United Mexican Shares, which were 2 per cent. higher than
yesterday, being 27 9, the Share Market was without variation.
Anglo-Mexican Shares were 8590 ; those of the new Potosi Com-
pany ; and the General Mining Shares 11 12. Rock Salt
Shares were much sought after, and may be quoted at 5 51.
There were some large sales of Sugar in Alincing-lane to-day
at full prices. The price of Coffee was steady.
'l'here were plenty of Bills offered for sale this afternoon, on the
Continent. The recent stagnation in mercantile transactions is
rapidly disappearing, and with it also will disappear the recent
scarcity of money. The letters received yesterday and this
day, from the manufacturing districts, represent the operations.
during- last week, in manufactured goods, as being extensive both
for exportalion and home consumption. The consequence has been
a considerable demand for Cotton Wool, and an improvement in
its value of nearly 2d. per lb. on the best qualities, and of lid. per
lb. an inferior descriptions. The stock on hand of manufactured
cottons, for home consumption, is universally admitted to be
watsuslly small, and hence arises the general opinion, that the
manufacturers will be well employed for some months, In produc-
ing a supply equal to the wants of the people. Other descriptions
of southern production are likewise in greater demand.
Leeward Island proof Rum is readily sold at It. Dd. per gallon,
which, with the agricultural protective duty, of Is. 3d., will make
this Spirit stand 3s. per gallon to the rectifier. Corn neutral proof
Spirit, at the present price of barley, cannot be 7rodueed wider an
addition of nearly 25 per cent. to this price.

Letters from Mexico of the 20th of April, state, that
every thing was tranquil in that country, and that M.
Morier was about to proceed to Eaglaud with the ratifica-
tion of the treaty with Great Britain.
The Jamaica packet is hourly looked for.
So great is the apprehension entertained at Lloyd's, from
the visits of the Colombian privateers to the coasts of
Spain and Portugal, that 20 guineas per cent. :vas yesterday
paid on Spanish property bound to Portugal. Titus does
Spain suffer in every way from the senseless prolongation
of this most useless contest.
A mail arrived yesterday from Turkey. The letters
from Constantinople are dated on the 26th, and those from
Smyrna on the 21st ult. Information had been received at
the former city of the destruction of the Egyptian fleet in
the roads of Modon, on the night of the 12th of May,
by Greek fire-ships. The Turkish fleet; under the com-
mand of the Capitan Pacha, had not sailed from the Dar-
dandles on the 224.1 of May, and it was uncertain when his
Highness would commence the campaign. The Grand
Seignior had lost two of his daughters by the small-pox .:The
empire enjoyed tranquillity, and so much confidence was
reposed in the exertions of the Paella of Egypt against the
Greeks, that it was not considered necessary to intrust the
Capitan Pacha with any extraordinary force for bringing
the contest to an early termination.
A letter has been received from Bogota, which states
that the Executive Government has transmitted an order
to the different Collectors of the Customs in the seaport
towns, to remit one-fourth of the receipts to London for
the regular payment of the sinking fund, and of the inte-
rest on the debt due to England.
The Brazil snail that arrived yesterday did not bring
advice, of so late a date, by thirteen days, as the previous
arrival from that country. The present papers and let-
tees are dated the 15th April, but commemicatinns have
been before received to the 214th. Letters, however, have
arrived by ►his packet, from Pernatnbuco, dated the 11th
May, which represent the state of affairs there as most sa-
tisfactory. The most perfect tranquillity prevailed, and
trade was improving. Although the packet touched at
Bahia, it brings no news from thence.