The British Press; or, Morning Literary Advertiser.
London, England, 1825-12-13 00:00:00

TH

.---- PRICER OF BRITISH STOLES YESTERDAY.
Bast Stock 2W I Long Ann. 19} } }
r wo Cost. Red.lll} 79 } India Stock
9 pew Cali. Cons. Ditto Acct. 250
UMW Aso. 12} 19211 $ll 121 Data Bonds 30 43 40 di.
1 1931 lis. Bills 1 Ad. 1.0001.33 Odle
34 Isst Gest. 94} Ditto, 3001.30 45 40 dis
W Ws Ct. Red. 111 84. Ditto, small 30 di.

A notion Bonds 90/
• Ditto Ant...
.ltnaiiiaa Bonds 67i
..Dirms &rip
1/teloAoct. 13 16 die
Illsen A ern Bonds 73
Dille Acct. 73
;Chelan Bonds
. I`adoinbian Bonds SS
: Ofiin floods (1824) WI ast 60i
• !9t Ditto A6olter. oei co 1 591 601
- eel
,ll
Danish Bonds Int
Mitt. Marks Banco
-lotto Bonds (1825) 59
French Rente.s per Ct. 95r.
'Enabling. 23(.10e.

STOCKS VEsTERI►4V.
?nosh Rentes S per Ct. 114 f. 63f.
ex die
Exchange 2if.
Greek Bonds
Ditto nondpoß2s)
Ditto Acct. 15i 17
Mexican Bonds
Ditto Acct. MI
Ditto Bonds (1825) 63 2 f 11 2
I t
Ditto 2 Acct. MI 2 3121.
3t
Peruvian Bonds 43 44
Ditto Acct. 42
Russian Bonds (1822) 884 64 t
6 t 6
Ditto Acet. 87
Spanish Cons. 141 14

' el REEK LOAN, 1823.—The Second Half-yearly Di-
inland on the Bonds of the above Loan, due on the Ist of Jan.
neat, will be paid on the succeeding days, st the Counting-house
of J. and S. RIC ARDO , Warnford-court, Throgmortnn-street.
The Dividend Warrants, with a List thereof in numercial order,
mass be left, at least two days previously, for examination.

Eht r•

DRURY-L.4NE THEATRE.

this Evening. TEWDAV. Dec 13, will be performed the Opera of
DER FRLISCHUTL.
Adolph, Mr. T. Cooke Caspar, Mr. Horn Bernhard, lir. Bedford :
ibrrasit. Mr. 6. Smith: Milan, Mr. Fitzwiilum. Linda. Wes Orad•
.14e: Rest, Klee Poesy.
After which the Dlvertlsement of
THE CAMP.
• Principal Moser., Mr. and Mrs. Noblo,

1 Dom.& Mirors, Mrs.

To eontlude with the Comedy of
TilE PANEL.
LassieLilo, Mr.). Russell; Muskat°, Mr. Harley:
Yates; Beatzlee. Miss Kelly,

Te.morrow, The Rivals. and The Wager.
COVEN7V7ARDEN THEATRE,.
rms Eemaing, TrESDAY. Dee. 13. will be performed thp Op.ra of
'FRC MARRIAGE Of FIGARO.
Count Almaylra. Mr. Jones; Figaro. Mr. Duruset : Antonio, Mr.
Fawcett: Cherubim). Mrs. Chatteriey. Countess Almarint, Mies
Pat.nt; Susanna. Madame Vestrla.

•
After which the Operatic Place of
W ASI.
prlnelpal Characters by Mears. Duruset. Keeley. ream, arid
Prue. Mtu Jones, Madame Vestrle, cod Mrs. Deresport.

To conclude with the Melo-Drama of
JOCKO,
THE BRAZILIAN MONKEY.
I be principal Characters by Messrs. Connor, Meadows, and Keeley;
and Misses Gardner and J. Stott.
Jock°, Monsieur Mmurier.
To-morrow, The Three Strangers, and 'Twos

Th- BRITISH Pans commenced publishing ynterday morning
at five ocack.

LONDON, TUESDAY, Decimal. 13,11115.

. Lut night the Paris Papers of Saturday arrived, with
the Etoile dated Sunday. Their contents are of little
importance. The arrival of the Turco-Egyptian fleet at
Navarino is again reported, but no authority is given for
the statement.

The differences between the Emperor of AUSTRIA and
the Hungarian Diet, it appears, have been settled by the
mediation of the Archduke PALATINE. The nature of
the explanations offered to the States is not however
known.

On Saturday there wu a further and considerable de-
eine in the French funds. In the Fire per Cents. there
was a fall of Soc.; the Three per Cents. suffered a de-
pression of 63c.
[From the Stoik dated Sunday, Dec. 11.1

VIIWN-A. DEC. 1.

The Emperor, taking into consideration thereqUesofliaronde
Vincent, his Ambessider at the Court of France, after more than
luny years` service in the military diplomatic career, has deigned to
allow him to retire. His Majesty has appointed Prince Paul Ester-
hazy, now his Ambassador at the Court of London, to succeed him
se Minister at the Court of his Most Christian Majesty. Count
Apponey, Austrian Ambassador to the Holy See, succeeds Prince
Extertazy at London.—Court Ga.teite.—Metalliques 937 ; Bank
Stock, 1191 3,10,
Pazseneon. Nov. 29.
The Royal resolution of the 9th November, in answer to the com-
plaints of the Diet, has made a very disagreeable impression ; and
the Slates were on the point of repeating their complaints, perhaps
in still stronger terms, but, on the proposal of Tome his ardent
members, the Diet resolved to ask the mediation of the Archduke
Palatine, who, on taking this business on himself, only per-
formed the constitutional duties of his office. He set out for
Vienna, and represented the real state of things to his Majesty.
The sittings were interrupted during his absence. At length the
Archduke has returned, and the gracious declarations of his august
brother, of which lie is the bearer, have tranquillised the minds of
the Latates. The friends of the Court affirm that they are going
to debate on the royal propositions ; but it is asked, what are the
explanations given by the King, are they written or verbal?
The public hope that the most important papers relative to the
present session of the diet will be printed and published.

PARIS, DEC. 10.

It es said that the Turkish and Egyptian fleet, consisting of 139
sail, armed at Molon and Neverino on the 4th and 3th November.
(From the Journal des Wit; of Saturday.]

Accounts from Rome say that, at the desire of a foreign go►ern.
merit, the police has seized the papers of the Prince de Montfort,
(Jerome Bonaparte) in the solitary chateau near Fermos, on the
shores of the Adriatic, where he passed the last summer. Ma-
dame SI urat has asked permission to reside at Rome, but has been
refused. The Count de St. beta (I.ouis Bonaparte) wants to
la►e Rome, and settle at Florence, but has not yet found a pur.
caster for his palace at Rome.

Flew 'me FUSI3II —Rams, DEc. 10.—Five pee Cents. opened
at VA, lowest 981. 60e., closed at 961.: Three per Cents. opened
at 6•!f. 7k., highest 621. Bk., dosed at 62f. ; Rank Stock,
2,00.; Rente d'Espagne, I lf. ; Royal Spanish Loan, 1823,
4I f. ; Hayden Loan, soaf.—Etode.

When a daily Journal, instead of being the medium of
public information, which it ought exclusively to be, be-
comes the engine of a party, and devotes itself to the pur-
poses of that party, not only with an utter disregard to the
interests of the public, but is even prepared, at any time,
to sacrifice those interests to the accomplishment of its own
object and the attainment of its own views, a more prolific
source of mischief can scarcely be imagined. The Times
has shown that this is its character ; and the evil which it
has produced in this character has been of a nature so
serious, and has been so publicly felt and observed upon,
that it in vain attempts to ethos it. This Journal
always watches very cautiously the turn of public feeling,
and is always prepared to abandon any opinions it may
have supported, the moment it perceives that it is no
longer its interett to uphold them.

From the first commencement of those embarrassments
which have led to the present crisis, the constant effort of
this journal has been to excite distrust, to propagate alarm,
and to aggravate—as it unhappily succeeded in doing to a
very great extent—the severity of commercial pressure, by
creating the most unfounded apprehensions, and by endea-
vouring to destroy public credit and public confidence in
every quarter in which they could be attacked. Feeling that
it has given great offence in the Cit), and finding that it
wool•! have been most to its interest to have taken up the,
opposite side to that which it has supported, it forsakes its
p2ri.ry for the present, with the hope of getting hack the
ground it hart lost by what it new perceives to have been an
indiscreet adherence to it ; and hence proceeds its leading
erfiqe of Saturday, which we now proceed to observe
epos. It commences, with perfect composure, thus :
" The City authorities most to be respected appear, from
the accounts of yesterday, to have a conviction that so

touch of the recent alarms u were caused by an apparent
scarcity of gold and silver, may be securely laid aside, gold
having fallen below the Mine price—a proof, undoubtedly,
that there is no lack of the precious metals in this country."

And after pouring out this cup of consolation, it adds,
with great simplicity—
" But if there had been such a want, why should any
apprehension have arisen? Could skill, or intlivitry, or
their joint produce—manufactured property—be at once
annihilated? If not, then the means of bringing back
gold, to whatever amount it might be called fot by the
public convenience, were still in our possession, and the
gold would have flowed in upon Great Britain as quickly
and as naturally u it had ebbed away from her."
But if, as the Times has suddenly discovered, there really
was no evil to be apprehended from a lack of the precious
metals, the want of which must of course hare been supplied
by an increase of paper circulation, how came this journal
to be inveighing, day after day, against the evils which
would arise from the increase of Bank issues ? Why has
it been disclaiming, from the very beginning of the present
distress, that no relief ought on any account to be given in
the way of discount to any merchants by the Bank of Eng-
land, lest the further issue of its paper should occasion a run
upon it for gold? How can the same journal, that insisted
upon this so urgently three weeks ago, now ask—what ill
was to be apprehended from any lack of the precious me-
tals? The language it then held was this—
" Our own most hearty and earnest prayer to the Bank
Directors would be, that nothine should induce them to ex-
tend their discounts, if the condition of the commercial
world be truly described in the statements which we have
just now given."
" Is it true that the foreign exchanges have declined—
and that the Bank apprehended from such a circumstance
a re-exportation of the precious metals? Why then the
Directors are justified in looking for a fresh run upon the
gold coin of England, and but perform their bounder.
duty to the Bank itself, and to the nation, by contracting
the issue of its notes.

" From the elportation of gold one inference is unquestion-
able—namely, that the circulation of the country has been
forced beyond its proper level—that there it, in fact, too
much money afloat—more than the real wants of society
call fur—that money has fallen in value here, as compared
with its worth in other countries—that every thing else in
England bee risen to an unnatural price, as compared with
its value in other countries—that, in short, we have been
overwhelmed with circulating medium, and ought to have
less of it amongst us.
" We say, then, that if the `immediate' cause of the dis-
tress now complained of in the City be the extreme
caution' exercised by the Bank, the remoter but more ef-
fective cause has been the extreme want of caution pre-
viously exhibited, as well by the Bank as by the merchant.
Instead of the trading world being justified in crying out
for more accommodation, it is as clear as light that the ex-
isting mischief is nothing more nor less than the fruit of ex-
cessive accommodation—of the adventurous and gambling
spirit thereby generated ; and that new demands for increased
accommodation have grown out of the facility with which
former indulgences were granted, and of the gross improvi-
dence with which those favours of the Bank itself, as well
as of private bankers, have been in numberless cases mis-
applied. The disease has been an excess of circulating
medium. Discounts are called for to increase the quantity
—that is, to feed and aggravate the disease. Discounts
might, perhaps, defer the day of reckoning for embarrassed
men ; but it is obvious that such an expedient could not
cure the evil."

In this style and manner it was that it exerted all its
influence against the granting any commercial facilities,
whether by the issue of bank-notes or by private discounts.
Its words then were:—

" If any CRASH is to come, the sooner it arrives the less
terrible will be the ruin. Fictitious credit has been hal-
meted up too long; prices have risen too high : the Bank
with their over-issues, and Me Government with its Corn
Laws, are to blame, in great pa►t, for both these calami-
ties. The remedy for over-issues is twofold—an export of
money, and a Locum; VP or NOTES."

And it adds, in a tone of insulting self-importance--
" We feel for our City friends unfeignedly, but we must
not administer to them the fatal notion, that by pampering
their disease the Bank would remove it."—Timer, 23.1
November.

After having spared no pains to bring the Bank and the
Government into odium—having systematically endea-
voured to bring the solvency of both into suspicion—hav-
ing aggravated the general panic to the utmost of its means,
by spreading the apprehension of danger into all quarters
of the country, and so agitating the public mind by its pre-
dictions as to induce numbers to draw out their balances
from the different banks at which they kept cash—having
laboured to destroy public confidence, and having succeeded
in embittering the distress of the merchants in the City by
its exaggerated alarms and mischievous insinuations—it
now turns short round, and says—
"As for the famous alarms,' the agitations,' the fore-
bodings' of disaster, which have been harped upon for so
many weeks, we feel them not, and have never felt them.'•
Never felt them ! Why, then, have they endeavoured
to make the public feel them ? Has not the scope and
tendency of all they have said been to produce this effect
and no other? Who that can turn to the language held in
their columns, from the first appearance of the present con-
vulsed state of public credit up to the day of their jesuitical
apostacy, but will read the following paragraph with
contempt?—
" We knew that public credit was secure ; that individual
credit, where it.reposed on solid property, was intangible;
that no man had reason to be intimidated, but the adven-
turer who had previously dared too much ; that let the
storm rage as it might, when the clouds should disperse,
and the horizon resume its customary brightness, all the
great landmarks of the national wealth and prosperity
would be seen to occupy their stations undisturbed, and
commerce and confidence to pursue their march, no longer
oppressed by those unsound incumbranees which the fury
of the crisis had detached and utterly dissipated. This
was our view, from the
.first, of the lute embarrassments in
the City."
Let, then, the Times reconcile the above with the im.
pressions most injurious to public credit, which it so
anxiously contrived to circulate. Why were the public
told in its columns—and falsely told—that a warm dis-
cussion passed between Ministers and the Bank, the final re-
sult of which was—" that Government must reduce its
debt to the Bank, or that the latter establishment trill not
be able to fulfil the important functions of a discount hank,
so as to carry the trade of the country through the amroach-
ing crisis."—Times, Nov. 22.

For what malignant purpose were the following un-
founded anti mischievous insinuations spread abroad ?

"We understand that the GOVERNOR. and DEPUTY
COVE It NO ft of the Ita ?la had an interview yesterday morn-
ing, at their own request, with the CHANCELLOR of the

MITI

'R-FAIS.

MICHIQUIft, and no doubt is entertained in the City, that
the meeting has arisen OUT of Me difficulties in which the
Bank is at present involued."—Times, Nor. Yi.
Why was Lord Ltvritrool. falsely affirmed to have de-
clared at an interview with the Bank, that—
" By their own conduct the BA NE DIDECTORS had.
brought themselves into a situation too s •7 ions to be t, sated
with disregard, though the evil, in his opinion, would
work its own cure; but in any case lie was not aware that
assistance could be g;cen to them by Me Government"—
Times, Nov. es.
If the Times, as it now declares, knew all along that
public credit was secure, what could be its object in pen-
ning the following paragraph?—
" To fund Exchequer bills is a measure not to be ac-
complished without a loan, which must be authorised by
Act of Parliament, the early summoning of which as-
sembly might create still further alarm in the public mind,
and yet to suffer the period for calling in Exchequer bills
to pass over, would, be a confirmation of the difficulties
which the GOY MINK Mr is supposed to be at this moment
pretty eztensirely sharing with the Banc or ENGLAND."—
' Times, Nor. 24.

The space to which we are limited precludes all com-
ment on this mass of contradiction. We will dismiss it
with one remark, that if the Times fears that it has lost
its reputation with those " city friends," for whom it so
" unfeignedly" feels, it will assuredly gain nothing by
this attempt to redeem itself.

.
CITI. MOND•Y ETTYING.

No language can describe the alarm and confusion that
prevailed this morning in the Money Market, on the an-

nouncement of the failure of Sir Peter Pole, Thornton, and
Co. This melancholy intelligence was accompanied with
a groundless report affecting another respectable banking
establishment. This malicious rumour, for such, in truth,
we fear it was, was met by a prompt contradiction, and
stopped from further circulation.

To give some idea of the panic and the pressure for money,
we select the prices of Exchequer Bills and Reduced Stock.
The advertised Bills, on which the parties had given notice
at the Exchequer for money, and which were payable to-
morrow in cash, sold to-day at 255. discount per 1001. The
Bills not advertised, at .5-Ss. discount. Reduced S per
cent. Stock at 791 and 80. Various sales were reported of
Consols for money, to be immediately transferred (an in-
dulgence very properly granted by the Directors of the
Bank of England, though the Stock has closed previously
to the dividend) ; but these were all rumours set afloat to
spread wider the alarm and the panic of the day. The re-
ports circulated this morning surpass in their wickedness
all the previous attempts of the industrious stock-jobbers.
The Foreign Market has been comparatively neglected,
but all the Stocks are lower. Colombian about 60 ; the
Mexican 6 per Cents. about 62 ; Buenos Ayres, 7S; Brazil
Scrip, 13 dis.; Austrian, 90 ; Russian, 87 ; Spanish, 14.
In Shares no transatliona worth reporting; indeed, the
prices are nominal.

The Brussels Papers of Saturday state that " the
Austrian loan is finally concluded with the house of
Rothschild. It is for twenty millions of florins, and it is
said that the terms will remain secret. This will be the
first instance of such ad operation."
The letters from Holland received yesterday mention a
fact extremely interesting at the present moment. The
exchange on London was quoted at 12: the bills on
Holland last post day were 8, being a difference of
two and a half per cent, in favour of England within two
weeks.

The British and American Commissioners under the
Treaty of Ghent arrived at Albany on the Sth of Nov.
There is every probability that their labours will termi-
nate in an amicable and satisfactory manner.
The last letters from Rome possess some pleasing infor-
mation for travellers who wish to proceed to Italy. The
Roman and. Neapolitan Governments have joined their
forces, and resolved upon a plan of proceeding against the
banditti; they have all surrendered on being routed, so
that the roads may now be passed in safety.
NAPLES.—Authentic letters from Naples, of the 19th
November, assure us that the Sicilian Government does
not mean to contract any new Loan for the year BM and
in consequence of this resolution, the same letters add, in
more precise terms, that that Government will not have
recourse to the means of creating other Reutes to be inserted
in the book of the Public Debt.

The Assembly of the Provincial States of Saxony was
closed on the 27th ult. after which M. Von Klewitz, the
Minister of State, gave a grand dinner to the President and
Members of the Assembly, and to the Civil, Military, and
Ecclesiastical Authorities. When the health of the King
and the Crown Prince were drank, the Members of the
Assembly expressed their gratitude for the benefit con-
ferred on the province by the introduction of a provincial
Assembly, and the hope that it would produce many happy
effects.

An article dated Stockholm, Nov. 25, in the Hamburgh
Papers, states that the little theatre in the Swedish capital
was discovered, on the 23d, to be on fire. Happily it was
not very full, so that the audience all escaped unhurt. All
efforts to check the progress of the flames were in vain.
The great opera-house, which adjoins the little theatre,
was for a time in great danger, but was saved by the ex"r-
tions of the firemen, encouraged by the presence of the
King of Sweden and the Crown Prince, who were on the
spot all night. '1 he loss is considerable; a workman
belonging to the theatre and two female servants perished
in the flames.

Accounts from Greenland, received at Copenhagen, state
that the smallpox bad been brought by an English ship to
Dog Island, where several persons had already died of it,
and the disorder had begun to spread further ; but as the
vaccine matter last sent over had turned out well, and
vaccination was becoming more general, it was hoped that
the smallpox would not prove very fatal.
It is staled, in a letter from Itome, that important dis-
coveries of antiquities have been made at Tusculuin. Not
only has an ancient theatre been found, but the streets
leading to it have been cleared. An aqueduct, a public
fountain, baths, vases, a head of Jupiter, other marble
ornaments, elegant paintings in fresco, and other prccieus
objects, have been brought to light.
, ,
ROMAN CATHOLIC ALLEGIANCS.-Many attempts nau
been made to refute or disprove the maxim of Lord Liver-
pool, that the l3,amanl.;atholics yielded buts divided alle-
giance to the State, and therefore were only entitled to li-
mited political privileges; but it remained for the Roman
Catholic Bishop of Waterford to establish this principle be-
yond all contradiction: for he had made, on a late occasion,
a declaration from the pulpit, in reference to the expected
contest between Lord George Beresford and Mr. Stuart, in
the following words:—" THE CATHOLIC WHO SHOULD
VOTE AGAINST HIS RELIGION, AT THZAPEROACHING
ELECTION, WOULD BE GUILTY OF 4 MORTAL SIN."-
Here is a grafting of political on spiritual allegiance, and
making the former subservient to the latter. Let the ora-
tors of the Association get over this proof of Lord Liver-
pool's maxim, nom the mouth of one of their own Bishops,
if they can.—Dublin Correspondent.
The active Glasgow Magistracy, in conjunction with the
River Trustees, have drawn up a code of judicious regula-
tions for the future guidance of the numerous steam boats
whidi navigate the Clyde.
Just as we are going to press we hear that a fire of a
very alarming description is raging in the Liberty. We
have not time to ascertain the particulars.—Daldia Aforn-
log rust of Saturday.
The largest silk throwster in Watford discharged nearly
100 hands on Saturday last, on account of the forthcoming
reduction of duty on foreign silks.
At the Middlesex Sessions on Saturday, John Mitchell
was convicted of fraud, by making out a false porter's
ticket for several parcels directed to the prosecutor, thereby
receiving lld. over and above the charge made at the
bookinit-office, and sentenced to hard labour and one
months imprisonment. It is not generally known that this
offence may be visited with transportation.