The British Press; or, Morning Literary Advertiser.
London, England, 1821-08-07 00:00:00

SA DLER'S WELLS.

THIS TUESUAY, August 7,
To-morrow, Friday, ao4 Sslssrday, will be performed,

THE HEA ItTOF M I D-1.0 I I-1 IA N.

- _
Duke of Argyle, blr.Goosery; Dumtnedikes, Mr. Keeley.
Queen of England, Miss Johnstone; Jeannie Mans, Miss
E. Scutt Madge Vliddfne, Mrs. Egerinn.
A Comic Sung by Mr. Lnucasier.

To conclude with a new Kraut, Aquatir Spectacle, called'
THE CHIEFTAIN'S OATH;
OR, THE RIVAL CLANS.
Glenall, Mr. Phillips; !Nadeau, Mr. Campbell. Maliltla,
Miss v. Scot.
The Douro will he opened at Six o'Clork, and the
rowaseure a Quarter before Scro --Boxes, 4s.—
Pit, Vt. —Gallery. Is.
for ibe Bolea witty be taken of Mr. Stuck, at lie
Thratit., frum Teo till Four i and at Mr. Chat plc s, Royal
Library. Pall mall.
A oww hl,lo.drama, called The Gipsy of Derectrogb, wiU
be products! us ,prtdily as possible,

This day is published,

BLACKWOOD'S EDINBURGH MAGA-
ziN E, No. 1.11. for July, 1821.

C . • .—I. Napoleon.—ll. Lines suggested by the
sight of some late Autumn Flowers.-111. To a Dying
Intant.—lY. Letter from Doctor Silky, eneloving Mr. O'Fo-
garly's Journal, and Daniel O'Rourke, ass Epic Poem :
Cantu V. The Geese —V. The Fisherman's Budget : No. 2.
VI. Translations from the less familiar Latin Classier :
No. 7 Ills-past Finer Bacon.--
I X. The Broken Dram—X. Early Affection.—X I. Howison'a
E-ary o• the Sentiments of Attracting', Arlaptati ..... ■nd
Variety: X 11. Philosophy of Self.—Xlll. The Voyages and
Tray.l4 of Columbus Srcundus —XIV. The Fatal Repast.—
XV. On the Probable Influence of Moral and Religious In-
struction sin the Character and Situation of Seamen : No 1.
—XVI. !Attic to lord Byrou.—XVll The Lothian Ball!
or, the Widow's Cow : Epistle 1.1 —XVIII. St ou the
Death of Napoleon Run•parte.—X IX. The Visiuo by Mums-
light —XX. The Embalmer : No. I —XXI. The Steam-
Boat : No. S.—XX II Parliament, Ron 'parte, &c.—XXI 11.
A few words to that immense Body of llaukind which forms
the masa of our Contributors —XXIV. Works preparing fur
Nlontlily List ul New Publications,—
XXVI. Monthly Regialsr.
Printed for T. C,aJell and W. Dairies, Strand, Loran";
and William Blackwood, No. 17, Prioceystrect, Edin-
burgh.

AROMATIC SPIRIT of VINEGAR.—This
agreeably perfamed Liquor (the original invention of
Mr. Henry), which is of well.knuen efficacy in relieving
faintness and bead-ache, and in counteracting the effect* of
overheated, close, or infected air, continues to be prepared,
in the greatest perfection, by Messrs. THOS. and WM,
HENRY, MANUFACTURING CHEMISTS, HA NCH Es.
TF.R, It is sold in London, wholesale and retail, by M
BAYLEY and BLEW, Perfumers, Cockspor-street ; and
retail, prim2s. Std. by one or snore Agents in every principal
loan; but it cannot be genuine, unless the names of the
above Preparers are engraved ou the Guversiuseut Stamp,
which is fixed over the cork of each bottle. Proper Spurge
Boxes are sold by Bayley and Blew, as usual.
As above mny also be had, authenticated by • similar
Stamp, HENRY'S CA LCI N El) NI AG N ESIA, in bottle* at
Is. 9.1. or with glass stoppers at 4s. tkl.

The Committee are, however, decidedly of opi-
nion, after very mature deliberation, that it is the
duty of the Board and the soundest policy of the
Bank to make, at this paiticular time, a smaller di-
vidend than two per cent. The first great point in
the management of the Bank is to remove all
doubts as to the re-establishment of the capital. It
is not enough that it mty be made whole. The
stockholders a►►d the public must be satisfied of the
fact, for otherwise the one will not hold and the
other will not acquire confidence, and like all
uncertain interests, the value of the stuck must be
diminished in the estimation of both buyer and
seller. The Committee therefore proceed ,to ex-
hibit a brief view of the situation of the An:, and
their reasons for the opinion that a less dividend
should now be declared than would be authorised
by the net profits of the last six months, is abstract-
edly considered.
The Committee have had before them estimates
of losses furnished by the respective offices of the
Bank, except four of the western offices, brought
down to the Ist ult. and some of them to a later
date, which they have attentively examined, and
where they have not been satisfied with the suffi-
ciency of the allowances made by the offices. th►e
Committee have made ad4ssio►is, but inn° instance
have they diminished these allowances.
These estimates ■re its some instances a little
more, and in others a little less than those whicl►
were relied upon in January last. In the aggregate
they exceed the estimates then made of the losses of
the same offices 25,36.2 d. 67 c. and in this near
coincidence perhaps is discoverable a probable •
proof of the fidelity and accuracy of the estimates
• of both periods.
%Vali respect to the four western offices above
excepted the Committee have thought it safest
again to rely upon the estimates of the entities.,
Mr. Wilson. particulatly referred to in the Report
of the Committee on the State of the Bank, which
was agreed to by the Board on the 23d of January
lastr and published in the Gazettes.
According, then, to these premises, the estimated
loses of the Batik to the Ist instant are 3,547,838
dollars 80 cellist. But although great pains have
been taken to examine thoroughly, and no hesita-
tion has been indulged in stating fully the losses
which have probably been sustained, the Committee
are nevertheless of opinion that it is the duty of
the Board and the policy of the Bank to ensure. if
possible, by adequate sustaining means, the cer-
tainty of that result which the estimates now acted
upon render probable.
The shares (37,515) which have been transferred
to the Bank, are, with very few exceptions, pledged
to the Batik to an amount, including interest, over
and above any dividends which tl►e Batik may be
able to retain, equal to the highest price which
they are likely to bring, though in the estimate of
losses they have only been valued at par: the ex-
cess, therefore, over par of any price they may
bring, may be made applicable to the extioguish-
ment of the actual 'mots, should they be found to
exceed the estimated amount.

There are also very considerable sums now due
to the Bank for interest which has already accrued
on suspended debts other than those secured by
pledges of stock. The amount now estimated to
be due on debts of this description, which have
been estimated as good, is upwards of 200,000 d.
exclusive of the interest due on doubtful and bad
debts. the principal part of which, its well as the
interest which ►h ill accrue on the seine debts in
future, may also be made applicable, in like man-
ner, to the extinguishment of the losses, should
they exceed the estimated amount, and it is the
opinion of the Committee that there resources, or
the greater part of them, should be pledged, in
arldttrun to the immediate application of the past
profits of the Bank, to the full amount of the esti-
mates, for the extinguishment of the eventual loo•.
The Committee are also of opinion that several
temporary charges upon the profits of the Bank,
which have been under r process of gradual extina
gni:alnico by semi-annual appropriations, ought
to he immediately extinguished. They therefore
propose.-
1. That the estimate of Nimes be increa■ed to the even sans
1)(3,550,060d. and be deducted fens the actual profits of
the Bank which have berclaure arcs ued.
2. That there he now declared a semi-annual dividend of
tine timid one•balf per cent.
1 3. That the whole premium paid the Government for the
two millions loan of 1820 be sow esliaiwished, and that the
balance of the commission ou the loam obtalued by t►e

tom on 350,000 sham .. 525,000 0
4,157,974 40
Balance to be carried to the credit of profit --
and loss 5,481 45
3. The Committee are of opinion, that the sum of
3,550,000 d thus appropiated for the extinguishment of
losses should be put to the er,Jit of an account, to he deno-
minated o• Contingent Fund," and be thus distinctly set
apart from the current profits and losses of the Bank, mid
that it should he declared to be appropriated inviolably, to.
'ether with all excess over the par value, rlrich may be re-
ceived on the stock pledged and transferred to the Bank, as
before stated, and all interest due, and to grow due. on the
suspended debts at the offices of Louisville, Lexington, and
Chillicothe, and the late office of Cincimiati, said particu-
larly that it be declared that no part of these funds shall be,
on any account or seder ■ny circumstances, diverted to
soy other object than the extinguishment of the losses which
the Bank has sustained, without the approbation of the
stockholders, at a regular meeting to be called fur the pur.
pose, or at the triennial meeting required by the charter.
4. The Committee are of opinion that there should here-
after lie a semi-annuml appropriation of 15.000 d. in addi-
tioa to the semi I isppropi imbue for the extiugoishment
of the bonus of 45,000 d. to extinguish the premium us the
four millions 5 per cent. loan, sad to provide s fund to meet
any losses which may be sustained us the banking hosiers
built and purchased by the Bank, or which it may hereafter
build or purchase.
The sums to be provided are as follow, viz.—. Dol. C.
The bonus (original amount)
The cost of banking houses at Philadelphia,
Baltimore, Wa►hington, Richmuud, Nor-
folk, Fayetteville, Cha►leston, Savannah,
New Orleans, and Louisville, which are
all that the Bank ban hitherto erected or
purchased, is 775,617 d. 83 c.
It will require about 10,000 d. to finish the
banking house at Philadelphia, except
the south portico, which it is sot intended
to finish, and it is believed also much be
added to the foregoing sums as will make
as aggregate of 900,000 d. it will cover all
the buildings, which the Bask will in fu-
ture probably build or purchase—say
therefore
Prernim paid oa the four millions 6 per emit.

long. ... .

205,880 0

2,805,880 0
The Bank has heretofore appropriated, temi-
anauany, commencing in July, 1817, the
sum of 45,0004. which, if continued to
the end of the charter, will yield D. 1,685,000 0
If to this be added a semi.ausioalapproprie
lion of 15,000 d. and it be coutiamed to
the end of the charter, it will yield

D. 2,055,000 0

Which it will be perceived will extinguish Ike holism, the
premiam uu the four millions live per cent. loom, sod up-
wards of 40 per cent. of the coat of the banking-houses here-
tofore erected, or which will probably be elected hereafter.
The object of the Committee in going so fully
into details was not only to lay them befo►e the
Board for its information and consideration, but
also to put them in a shape which would kle intel-
ligible to the stockholder and the public, should
it be the pleasure of the Board to give publicity
to the Report, and thereby lay befoie them the
means of judging of the situation mod circumstances
of the institution.

To carry these views into effect, the Committee
recommend to the Board the adoption of the fol-
lowing Iteroluoion4
I. Resolved, That 3,550,000 d, of the unapplied profits of
the Bank, be appropriated and set apart as a fund to extin-
guish the losses which the Rank may have sustained, and
that it be put to the credit tri an account to be denominated
•' roatingent fund," and thus be separated from the accounts
of profit and loss.

i. Resolved, That ttie iatertud due and to grow due o•
suspended debts al t►te offices of Louisville, Lexington, nod
Chillicothe, and P.m late office of Cinciunaii, be also aet
apart for the ext;nguishment of losses which the Bank say
have su•t:uccd.

3. 12..0u1wi, That these several funds be and they Ire hereby
inviolably p'fledged for the object declared, and that they
shall oot Le diverted to any other object without the appro-
bation of the stockholder►, or at the triennial meeting re-
quired by the charter.
4. Resolved, That there he now declared a semi-annual
dividend of one and one-half per cent. un the capital stock
of the tank.

5. Resolved, That 40,000 J. be oppropriated for the ratio-
guiehment of the premium paid to the Government on the
two millions six per cent. loan, 16,000 d. for the extinguish-
anent of the commission on the loan obtained by the Bank
in Europe, 26,974 d. 40 c. for the extinguishment of so
much of the expenses of commissioners, the.
6, Resolved, That in addition to the arsni-annual appro.
priatitio heretofore made for the extinguishment of the bonus,
t►ere be • semi-auuual appropriation of 15,0041 d. for the
purpose, with the surplus of the appropriation of the bonus,
of extinguishing the premium paid ou the four millions five
pet cent. lona, and extioguishiug, in part, the cost of batik.
irg•bosses built, sir to be built and purchased by the Bask.
7. Resolved, That this Report be published in the National
intelligent/err and the Gaulle. in the city of Philadelphia,
is which the Bank is accustomed to publish.

L. 'CH EVES, President.
itttest•—THOS. WILSON, Cashier.

TRIESTE, itiLlt 15.
The Austrian vessels returning froth the Levant
• have been frequently vise.ed by Greek armed ves-
sels, which have skyey' shewn the greatest respect
to the flag of the itraperor of Austria. These ves-
sels lame brodght us some recent news from the
Archipelago and the Peleponnesns. There does
really exit of Government of the Islands, the seat
of which is at Hydra, an island to the east of ►he
Peleponnesus ; but the authority of this Govern.
meld is not recognised by the whole of these, which
are more or less under the dominion of the Turks.
There are jealousies between the inhabitants of the
different islands, and each governs itself in its own
way ; however, all the inhabitants snake all possible
sacrifices to relieve themselves from the domination
of the Turks. There was an idea of establishing a
general government at Tripoliza, but this plan can-
not be realized sinless the Tusks evacuate the whole
of the Mores. The Greeks are employed in build-
iug forts in the several islands, and in repairing
and extending the works which had beets neglected
by the Turks. The Turks on their side are endea-
vouring to fortify themselves in the Islands next to
the coast of Asia, and they will do their utmost to
maintain themselves there. They have sent troops
to Scio, where they are entrenching themselves.
Samos, Nikaria, and all the little islands between
Samos and Rhodes, have been occupied. As
long as the Turks are masters of the coast
of Asia Minor, it will be very difficult for
the Greeks to make themselves masters of these
islands. In the island of Candia there have been
partial actions between the Greeks and the Turks.
The two parties are at issue, and it is supposed
they may combat a long time before victory decides
in favour or either. Many European and American
vessels are now iu the Archipelago, and notwith-
*lauding the war, carry .on a very advantageous
commerce with the Greeks. The latter pay very
good prices for articles of every description which
may be of use in war ; often they give goo !s iu
exchange. Very consi&v.ible prizes have it is
taken from the Turks.

STOCKHOLM, JUNE 20.

An hour before his Majesty set out for Norway
he received the news of the death of Napoleon.
Its Majesty immediately communicated it to the
Crown Prince. On the same day very satisfactory
accounts were received from Christiania. The
Storthing seems to place just confidence in the
King's views, and to be ready to cn-operate in cc-
complishing every thing that is to be reconciled to
the principles of the Constitution. The Assembly
has accordingly adopted the principle of indemnify-
ing the Nobility, as recommended by his Ml.j-sty%
last message; but with respect to the ere:A:ion of
a new nobility in Norway, mentioned io. the second.
pert of the same message, the Storthing •ery re..
spectfully, but very earnestly, requests fill•Majesti
not to revert to a Resolution taken 10 the A.