The British Press; or, Morning Literary Advertiser.
London, England, 1825-11-01 00:00:00

Voterday we received New York papers to the 10th ult. '
and Boston papers to the 7 th. They add nothing to our
stock of political intelligence from that quarter of the
world. The Navy-yard which is to be established some-
where on the Florida coast, is intended u a substitute
for Thompson's Island, which, it is said, is to be aban-
. doned in consequence of the unhealthines of its situation.
A M'est India Company, consisting of 24 enterprising
individuals, has been formed at Albany, in the state of
New York. The business of this Association will be to
trade direct with the Nest Indies.
The fullowinz are extracts:-
1 From the Boston Commercial Gazette.]
BOSTON, OCT. 6.
The Prmident of the United States arrived at the Exchange on
Tuesday from Quincy. At noon the Mayor, Aldermen, and Com•
'non Council. -paid their respects to him in a body. Yesterday he
was' arccssible at the Exchange Coffee-house. and at this time
through the medium of a gentleman. The Marshal for the dis-
trict of Itlassaehueetts was on the
_spot to introduce such as wished
foe that honour. The president will not visit the county of Essex
this day, as has been mentioned iu the Salem papers, but will be
at the exchange Coffee-house to receive such of his fellow-citizens
as may call on him.
MEXICO.
[From the New York AJoartiser.]
Nw'v Vonx. Oct. S.
Papers front the cite of Mexico, to the 31st of August, and
froth Alvarado to the 7th of September, received at the Office of
the ,Italtimore American, are said to contain no news.
. Osumi St. Anna had left the capital for Jalapa, by permission
of the Government, on account of ill health.
In the city of Durand°, au epidemic tuttl carried off 256 persons
from the Ist to the 111th August.
The Spanish sloop of war Achilles has been ciirried into \'al.
parstsu by her crew, and given up to the Chilton Government. She
is the vessel which separaysit from the Asia, 74, with ton intention
of returning to Spain ; but it appears that the officers met with c
better 4tICCaS than those of the Asia.

By the ship Eagle, Captain Morrell, arrived at Baltimore, in
82 days from Valparaiso, we have adders to the 2341 June. The
United States schooner Dolphin had sailed a few days before that
date for Coquimbo. The trigate United States left Coquimbo for
Arica about the middle of June. Flour at Valparaiso on the 23d
June wasjat 5 dols. per barrel, on board. Slarkets overstocked with
every kind of produce. A number of vessels had arrived during
the month of June with flour, but could not sell, and proreeded to
leeward. Thrm were no vesaels at Coplapo i.n the 12th July,
when the liagie sailed. The Achilles, Spanish sloop of war, had
been risen nom, by her crew, and brought into Valparaiso. I'he
British 74, Carnt,.;dge sloop of war, L'Ecoli, and a French sloop
of war. were at Valparaiso.
In addition to the foregoing, says the Baltimore Atom icon, we
learn that a passenger in the Eagle reports that the northern sec.
lion of Chili, including Coquimbo, had seceded from the Chinon
repablic, iif consequence of dissatisfaction at the proceedings of
the cougres4. We have endeavoured, but without success, to gain
further particulars.
PRICES Or AMERICAN STOCKS —NEW YOEK. OCT. B.
United States Sixes, 1813, 100 j to 100 j; ditto, 1814, 103; ditto,
1818. 101} to 104 j; Caual Fires 119. Exchange on London 104
to 110. •

The following observations on the embarrassments now
felt in some mercantile circles trace the origin of the pre-
sent difficulties to their true source, aml are well calculated
to prevent the spreading of unfounded alarm. We there •
fore recommend them to the attention of our rea lers:—
" There exists in the country at present. particularly in the com-
mercial world, a great disposition to panic. The ruinous cotton
speculations, and the returned bills, British and American, conse-
quent thereon, have produced a considerable share of embarrass-
ment amongst mercantile men. The failure of some houses in
London, Manchester, and Liverpool, has contributed to increase
the public apprehension, and exaggerated statements have been
put forth, calculated to aggravate the evil. But, when we take a
steady view of the subject, we find that all this mischief is to be
traced to one source, and that it is, in ninny cases, a sort of just
retribution, inculcating a salutary lesson upon the originators of
an unprinciplel speculation, which sought to enhance, to a ruinous
price, one of the principal raw materials of the great staple menu.
factures of the kingdom. The mischief, we believe. is not deeper
than this; and it will soon pails away tLe mercantile and manu-
facturing interests take a sober and discreet view of the subject, and
show that patience and forbearance, when the occasion presents
Itself, which they have the opportunity to display towards each
other. It is perhaps not generally known, that the number of
bankruptcies in this kingdom has been fewer during the present
year than in any similar period fur the last twenty years. This
fact indicates a bound stamiaa,and should guard the country against
giving way to those apprehensions which are apt to produce the
evils over which they brood. In the commercial as in the
' natural world there is a self-adjusting prin:iple, which frequently
occasions (not without mischiet ) a wholesome state of things. ape-
culation is apt to advance wool, cotton, and other raw materials, to
au endue elevation, anti checks such as we are now witnessino are
sometimes required to bring than back to a rational and equitable
state."—Lards Atertur y.

CITY. MONDAY EVENING.

Consols for the November Atx.aunt were all day 87f b ;
but it was nearly a nominal price, for there was scarcely a
bargain done.

The settlement in the Foreign and Share ►erkets super-
seded all other business; but the balancing of accounts
this morning was comparatively a simple transaction, for
the differences were but trifling, so little has been done in
these markets 'during the last fortnight. The prices were
nearly the same as those of Saturday, with the exception of
Greek Bonds, which were quoted at qti 5, and Mexican
Scrip, which was reported higher, at bi discount. Ex-
zlecquer Bills were Is. 21. premium. We cannot give a
stronger proof of the little importance that has attached to
the present settlement than by stating, that the members.
of the Stock Exchange keep All Saints Day, to-morrow, as
a holyday. This would certainly not have been the case
had there been any thing to excite alarm or even suspicion
with regard to differences, particularly at this period of
shaken confidence.

In c6nsequence of the many false rumours, industriously
circulated to do injury to the Mexican Mining Associations,
the Directors hare deemed it expedient to publish the fol-
lowing statements in defence of the interests under their
care :

" The Directors of the Anglo Mexican Company state,
that the Valencians Mine, in place of lacing full bf water,
is in full work, and paying considerable more than all the
expenses incurred.
" The Directors of the Real del Monte Company de-
clare, that the shares have never been sold under 80/. pre-
mium, and active measures are taken against some indi-
viduals who have lately propagated alarming rumours on
the subject of these mines.
"The generalareounts of the United Mexican Com-1
pany's affairs arc said to be extremely promising; and
particularly one mine, in which the Company has seven-'
eighths interest in perpetuity purchased for 140,000 dollars
or 517.000/.. Irma witliag-1041u Gessipaoy as- the rate-f
6.5,000/. per annum, calculated upon the results of thei
mine's work for the fourteen previous weeks."
There was a fitir demand and supply of every kind of
grain at Mark-lane. Barley has come above the averages
for the last three weeks, and there is a strong probability
that .the ports will open for that species of agricultural
produce on the 15th November. indeed the prises must
come under the averages in the interim, at a rate that can
scarcely he anticipated, to prevent that circurmtance from
taking place, as regards Barley.

Letters were yesterday received from Bogota, dated
August 20, which state that a division of the Colombian
fleet is ordered to the coast of Mexico to assist in an attack
on the castle of St. Juan d'Ulloa. It was also rumoured
there would be an extensive armament sent against the
Havannah. On the 12th a grand entertainment was given
by Colonel Hamilton, Charge d'Affaires at Bogota, in
honour of the K ing's birth-day. The ball was attended by
ere'" person of distinction in Colombia.

Loin Coclt aAN E.—Thc Liverpool Afe,rory .iva " We
hare had an interview with an individual now iu Liverpool,
who lately served under Lurd Cochrane, and who state:,
that arrears of pay ate due to him. Tie addressed a letter
to Lord Cochrane upon the subject, with a view to lacer-
•tain how he should apply for redress, with the best chance
of success." To this rpplication his Lordship returned a
laconic and discouraging answer, which is now before us,
and which we here insert

'• I am not the paymaster of the Ittatilitut Government, other.
wise I should have paid myself ; and i can give you no informs-
nib bow to recont yout dues, not being able to get my own.
" COCHRANE.
"To Mr. Peter Ktallct, 2, Grmenor.oteet, Liyerpoei." •

,t -f E..
'''''.'....••••4