The British Press; or, Morning Literary Advertiser.
London, England, 1826-03-09 00:00:00

the country, or the introduction of some mi.dium which
should have a standard and uniform seemed to pre.
raise the only remedy for existing evils, owl to indicate the
only cflicient mean; MS restoring trade and confidence to a
sound condition. This was a principal arzturient for Cie
establishment of a national bank, which swirl foilowed.
To give credit and solidity to the institution it was set up
on the basis cf specie payment, and several writ/i/.... of
specie dollars were purchased in Ensie: to supply ha
vaults. It became ti...ce,:sitry of course for the private
banks to prepare xpreie pyment, if they would any
lot•yer sustain th-ir ere-lit, and not be ruined by the Inca
!'
of business, and th., derrceiation of their hills. 1h 'Li,
it was ittipossil.o.e to do at once, except in a very lirbiteit
degree, and the state of commerce was not prepared fin to
Isudden and considerable a curtaihnent of di‘caunts this
tneasurercquirtid ; ciPei teas INSTANT A N EOUS
lIASSM EN T ; one institution and one individual pressed on
another ; all were involved in engagements and respowsibi-
lities, from which they could he relieved in no other way
than by a very gr:ilual process. For surmounting thi
ficultks thus suddenly created, various methods were re-
sorted to, each of which was almost equally desperate; the
results of ordinary cemmi fee could not be waiteilt for;
ruin threatened to be at the door before they cor4d to
realised ; and tit many cases the remnant of iwivate uredh,
that still remained, was employed in liszard-ais vacs-
prises, which promised the n.ost speedy nisana of raii.ing
roney."

No reader can fail to remark the remarkable. coificiitares
which occur in the above interesting extract, and tcfmake
their epplicatim . These are the lessons of exprrienee
which can:ain the tenet valuable political instruction.
ifiy.s the writer, " may, with truth, be said
have teen the darkest period in the history of lialt.imere."
But we subj,.in his concluding remarks, which mil de-
serve to be remenlifercd, bo:11 for tae consolation ta,l the
caution whicb they contain.
" For the two or three years succeeding this event crrn-
mace was languid, the value of real 'worst ty vial much
reduced, and the aspect of the city bore olivious frisks of
decline. Within the last three years, however, n cliacee
a;:speiqus in its prcsages of the future has
.graflual'll b2;.en
pace, c'qqal and enicrpri..,e are again becoming <relict.,
and the tranquil tenor of the ti:nes will be likely .3 woe
cotnmerce clown on 0 00,re :mild and secaref.undal fmn gin
lici,!l;;re. The fatal experience of the Lent till st least
have the Um» flt of teaching no unprofitable I.i:son for
the jidare, and of imposing a timely check on the (Iteration
of any similar cause which may hereafter threat, t to en-
danger the vital interests of the city."

(ITr, WEDNESDAY Er ;tt:ra

Although the Funds opened very cheerfully II :a mom-
ing, they did not sustain the opening price during :he day.
The fast quotation reported was 78 a ; but hca ry &lien
coining forward, camel a decline to 77 a T:s price,
however, rani( d a little before the close of the Ma let, and
the last bargains were don? at Z Exchequer Ei to were
Is. Qs. premium, and India Bonds Qs. dis. to pa:— Lank
Stock for the Account was quoted at 20t.
The advices to-day from Liverpool state that tlfere hat
been more Liminess doin► in that port, and that ccifirlince
was reviving. From Manchester the letters mention that
the success of the reputies in London had had a 'favou-
r
ahle efr,tct, and a revival in trade was anticipatcl. From,
Glasgow the accounts are not favourable. A very cond.
doable failure was announced—a house c,ontictied with
eminent firms in London and Liverpool ; the two latter
failtd some time ago. The Glasgow house had suonountut
its difficulties, but meeting with further unexpectuallosset,
unhappily was obligetl to submit to the preascl of the
times. The letters from Glasgow state that several of the
bankers in that city had, in many instances, cotroAnced a
new spec.es of relitf, acting with much liberaliri in clic,
ccunting local bills of exchange; but the firms ,:inneeted
with England still find great difficukics in money negotia-
tions.

The Foreign Market was it active this morttlig, arts
yesterday's improvement did not continuo in its full extent,
although prices have 11 no means receded to Clot point
which we have lately witnessed them at. Theso thirty:-
tions will continue lorg, and be felt extensive ly in the
Money Markets before busit.ess returns to its old channels
again after the severe convulsion it has experiem: xi. Co-
lombian Bonds were 474 SI; Mexican 6 per tents. 6lf
21; Russian Bonds 742 .51; Danish ditto .51i 2; Spanish
ditto 91 1; and Creek lbi.
Some transactions took place in Real Del Motate S"Laret
at 10 discount, and in those of the Anglo Mexican Com-
pany at 9.0 to 26 discount. iVelch Iron was a/anogt rn-
saleable, at any price, and British Iron Snares were 14i
discount.

Although the prices of colonial produce are still far be-
low those at which any article eau he cultivat, for and
landed in Eigland, atill in the Colonial Nlar.tt there is
a great improvement ; a revival has taken place :a the ('k-
mand for Sugars, Coffee, Cotton, and Spices ; andoecners:!y
there is every prospect of a renewal of the corm lutist v-
tivity of the country.
There was a ridiculous report put into eireu7ation thrr:
the CHANCELLOR of the EXCHEQURR sent in lf:s revicra•
Lion on Saturday, and that he was only persuaded, urn
consultation with his colleagues, to put ell' his ivircr.t •
till after the budget. This report is said to have
effect upon the funds, and to have taken away List ,last
city front them that they possessed yesterday.

It is understood that the despatches which froTr;vc,l rt
Landon from St. Petersburgh, on Saturday, were the nape
of Count Lieven, the Russian Ambassador, leaving Lora!ol
to proceed on his journey to St. Petersburgh ai dr f!x•
lowing Friday. The despatches were brought by i'r.mv
Gortchakoff, principal Secretary to his Excellency.
The Duke of NVeitington was to leave Berlin on
way to St. Petershurgh on the 21st of February.
Yesterday the Cabinet Ministers dined with lord LI: NicY,
at his house in Great George-street, IVestmitiater.
Earl Powis transacted business at the Treasury y,ltc7'
day.
Yesterday the Portuguese Ambassador tranztetcd bps
ness at the Foreign-efilce.
On Tuesday aMagistrate from each of the Police•ids
made a report of the state of the Police of the
to Mr. Secretary Peel, at his office in Whitehall.
Monday Sir It:Alert Wigram entertained a large parr`
at
dinner, at his house in Connaught-place.
On Tuesday the Noblemen and Gentlemen's Clich

dined togethe; at thu Thatched House Tavern.
MI:DICAL SOCI6IY nY LONllo,4.—YeSterday a' tam-
bets of this Society held their fifty-eighth antuectsry,'''
the London CofKc Ilouse, Ludgate-hill. The S,;:re;t3q
reported the election of officers for the enstiii4 r•
Dr. Haslam then delivered the annual oration, iu
he was frequently cheered by a numerous auditory.
Society dined together in the evening.
Yesterday a ballot was taken at the East India llosse,
for the Election of a Director, in the room of .To HO
leston, Esq., who bad disqualified. At six o'cla2k
glasses were closed, and delivered to the scrutineers, 10,0
reported the election to have fallen on Henry .11esarla
Esq. The numbers were—for Henry Alexander,
893—James Stuart, Esq., 463—Charles Mackinnon, EN.,
401.
Yesterday a Court of Directors was held at the Tsar
ii
India House, when Captain Thomas Marquis was r'Lr
into the command of the ship Rose, consigned to l‘law—
and Bengal.