The British Press; or, Morning Literary Advertiser.
London, England, 1826-01-04 00:00:00

cutta have induced them to renew that tone of complaint
which the brilliant achievements of Sir ARCHIBALD CAMP-
BELL had well nigh suppressed. It will be interesting,
therefore, to the public if we ley before them a correct view
of the military position which the gallant General and
the troops under his command occupied at the date of the
latest advises from the army. The following statement,
our readers may be assured, rests upon the best authority.
In the first place it should be observed that success has
invariably crowned every operation of Sir Aat ulna rn
CAM rnLt.r.. He has defeated and dispersed all the force
that has been brought into the field against him. Half
the enemy's territory is conquered, and in our military
occupation, and the remainder must share the same
fate in the ensuing campaign, unless in the mean time
his Golden-footed Majesty should humbly sue for peace.
Nearly MO pieces of artillery has been taken by Sir An-
c T.l) CA DI re E r.I. alone, including some of small calibre.
All the artifices of the enemy to misrepresent the character
of the British nation and the object of the war have failed.
The natives who fled at the advance of our troops are now ,
returning to live under the protection of our just and bene-
ficent rule. The whole of the villages on the banks of the
Irrawaddy wera burned and deserted ; but already tiny
are to a great extent rebuilt and inhabited. Prome and
its vicinity, we understand, were, at the beginning of June,
when the last despatches were sent from head-quarters,
almost as fully thronged with population as they had ever I
been in the most peaceful times, and Rangoon was in the
same state. In the cauntry between Prome and Rangoon,
half the people had in like manlier returned home,
and resumed their occupations. These are triumphs greater
and more valuable than the brightest that can be won by
the sword. It is the victory of justice over oppression.
From Pep, the unfortunate natives had appealed to Sir
Aecnia,Al.nCsatenet.t. for military defence against the
marauding incursions of the Burmese, as the were
desirous of commencing the cultivation of their ground;
and 200 men hail accordingly been sent front Rangoon
in boats provi&d by the Peguese. The kingdom of
Pegu was completely delivered from the Burmese yoke.
The enemy had not 100 soldiers in the whole of the
l'eguese territory. The great advantage gained by Sir
A. Castel:tem., by fixing his head-quarters at Prome,
consists in the circumstance that he thereby deptives the
Burmese Government of the supplies of grain, for which
they usually depended on the lower provinces of the
empire, and throws them entirely on the resources of
Ava. The general opinion was that the army would move
early in October, and, subduing all future resistance, as
their heroic commander has overcome all former dif-
ficulties, would reach Ummerapoora, the enemy's capital,
before the beginning of the present year.

The Times of yesterday has an article on the state of the
Money-market that is worthy of observation. What stud,-
jobbing purpose it may be intended to answer we cannot
say, but that it cannot be writtenwithout some ultetior ob-
ject is certain. " The difficulties in the Money-market"—
we are told—" are not at an end, neither perhaps ought they
to he. They will probably affect our trade and com-
merce during the ensuing Session of Parliament."—lf we
had not this proof of it before our eyes, we should not
have believed it possible that a public journalist, witness-
ing—as lie must have done—the mass of misery and ruin
produced by the recent convulsion of public. credit, would
dare to utter in the face of his countrymen, a sentiment
like this ! One could scarcely conceive that such malignity
and rancour could exist in the human heart, as could
betray a wish that the misery entailed on the commercial
world should be emtended yet more widely, and that the
stall rings eccesioned throughout the whole circle of pri-
vate life should be still further prolonged. NVl:at ! has
not, then, this agitation and alarm in the public mind,
which the Timee contributed so much to excite—has it
not yet produced consequences sufficiently fatal? Must
they carry still further ruin into " our trade and commerce
during the next Session of Parliament," before the jacohin
emissaries of revolt and revolution can work out their
designs? " The great body of the people," says this
journalist, " have been but little elect' by the late per-
plexities ; and with respect to those who have deposits in
their bankers hands—more especially in those of the pro-
vincial hankers— our fear is that the storm has neither been
long enough nor violent enough to shake and expose the
rotten parts." What further length of calamity, may we
ask, and what further violence would the Titres and its
partisans call for? Is the banking system in this country
to be utterly annihilated? Are bank-notes to be voted
waste paper, and the money-market to be brought regu-
larly and systematically under the dominion of WiLtrate
CC/131161z and Da NIELII A inn AsT LE,and the stock-jobbing
legislators of Printing House-square? When they have
fully matured and accomplished their purposes, they will
no doubt, he satisfied— an:l we shall then probably be told—
and not till then—that our difficulties " ought to be at
an end."

CITY, Tt7tST/A7 EVENING.

The condition of the Money Market was, throughout
the flay, by no means of an unfavourable description,
though the price of British Stock rather declined towara
the close of business. Consols opened at 82j. The trans-
actions were comparatively few in number, and of incon-
siderable amount. The consequence was, that the quotation
soon fell to f ; it then advanced to 1, anti, after a little
fluctuation, was finally fixed at g. The Securities which
are purchasable for money were all higher; Reduced was
81!, and Three and a Half per Cent. gnj. Exchequer
Bills bore 31. to Ss. premium, and India Bonds 1 4.

In the Foreign market there was a good deal of fluctu-
ation in the South American Stocks, vrminating in a
material decline from the advance of yesterday. Colombian
Bonds opened at 651, they closed at 65; ; at one time they
were doing for the Account at 67. Mexican Six per Cents.
ox.div., left off at 681. Brazilian Scrip 11.1 dis. Spanish
and Greek Bonds remain at the same prices. Russian
Bonds declined per cent. while I'russian rose to precisely
the same extent.

The Share Market. was unusually active, but there was
no permanent implovement in value. The closing prices
were as follow :—Anglo-Mexican 15 pr. ; New United lst ;
Real del Monte ISO ; Brazilian 5' • Colombian 91; Pasco-
Peruvian 4, and Castello 1. The British Iron Company's
Shares rose to 5 dis.

A report was current all the morning that a commercial
treaty with France was nearly concluded ; but we could
not ascertain the source from whence it hail proceeded.
We need not say how grateful the confirmation of this
news would be to the mercantile world gcnerdly.

On the 17th December a Proclamation was made at
Munster, by which the Grand President of that province
convoke, for the first time at Munster, the provincial
States of Prussian Westphalia, and orders that the elec-
tions shall be begun without delay. The Grand President,
M. de Vinke, who enjoys universal esteem and confidence,
is appointed u the King's Commissioner in that Assembly.
The Gazette of Lyons announces that lately a part of
the Catholic inhabitants of the commune of Marcy, in the
arrondissement of Vogneray, the department of the Rhone,
embraced Protestantism.