The British Press; or, Morning Literary Advertiser.
London, England, 1825-05-14 00:00:00

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that Got iHARD'S 14,..1,1 was to be repaid out of the pro.
crests, we did nut intend it to be understood that the whole
of that loan would be repaid. As a transaction eenehotd
by FERDIN•ND in the plenitude of his Royal authority,
the Spanish Government have no intention of interfering
with the great mass of that debt ; but there is a part of it
standing iu a different situation from the rest, and that
part will be repaid in the same manner as the debt of the
Cbrtes ; that is to say, the bond-holders will be allowed to
subscribe their bonds towards the New Loan as cash. The
fact of the pending negociation, we find, is now generally
admitted in the quarters where it was but lately stectiy
denied ; but it is said the New Loan will not, indeed ougllt
not to be succ:ssful. We are quite agreed in reprobating the
principle of composition on which it will be founded, and
we have already expressed our opinion that its success will
be extremely hazardous, if the rate of composition should
be unreasonably low. God forbid that we should be con-
sidered the advocates of this or any other measure of Fla.
JUNAND'S absolute reign. We have simply stated the
facts, in order that the bend-holders may be prepared for
the offers that will be made to them, and very speedily too.
As the day approaches for discussing the principle of tie
Catholic Relief Bill in the House of Lords, morepeti,
tions are presented relative to that important question
every evening. In number and weight the majority is de-
cidedly adverse to the measure before Parliament. Lord
1101.1.'11in, last night, took occasion to justify the dame.
ter of the House of Commons, as being substantially the
representative of the political sentiments of the people.
We believe there is no doubt of the fact, that the House of
Commons does fully speak the voice of the British public
generally on the great questions that are debated in Parlia-
ment. But undoubtedly there have been times when the
judgment of the House of Commons has not been in agree-
ment with popular feeling, and it is right that this should be
so. The Government of this country is not essentially demo-
cratical. The momentary frenzy of the populace cannot
subvert the legislation which has been slowly matured by
the wisely-balanced powers of the Constitution. But if
the House of Commons in this instance did accurately re-
present the sentiments of the people generally with regard
to the Catholic question, it certainly does not follow that
the will of the House of Commons should become the law
of the land. A Bill passed by the Lower House of Par-
liament is not therefore more a law than it was when leave
was originally given to have it introduced. Nor if both
Houses had passed it, would it be one jot more a law
until the Roy al Assent had rendered it one. We hays
been induced to make these observations, not with re-
ference to the measure now before Parliament, but
merely to counteract the pernicious and unconstitutional
opinion 'by which the functions of the House of Lords
would be reduced to the simple act of registering the laws
passed by the Commons.
The business in the House of Commons last night was
not very important. The Warehoused Corn Bill was read
a third time, and passed after a little discussion ; and 'a
grant of 2,0001. was voted in a Committee of Supply to
Mr. M'Adam, for his services in improving the public
roads. The vote did not pass without opposition. On the
division the numbers were, 89 against 27.

CITY, FRIDAY Eveztze.
The storm that prevailed on the Stock Exchange has gradually
subsided into a calm, and business is going on very smoothly. The
transactions of this morning were without interest, and very limited
in extent. Consols were a shr.de lower than the quotations of yes-
terday : for Money, they were done at 914 1, land for the Account
at 91t
The Securities in the Foreign Market were languid, with the ex-
ception of those connected with South America, which steadily
bore 'Wednesday's prices : Colombian Bonds being done at 80 f,
and Mexican Scrip discount. Greek Bonds were 32i, and the
Scrip fa4l discount. Danish Scrip wu done at 24 discount, and.
Brazillian Scrip 14 1 premium. The Spanish Bolds of 1621 were
231 4, and those of 1823, 104 19.
The Bargains in the Share Market were comparatively unimpor-
tant. The General Mining Shares were done at 94 10, Pasco-Peru-
vian at 11, and the New Potosi at 64 ; which are the only quota-
tions we can give, as the prices in others were merely nominal.'
Sugar was sold in Alincing.lane this morning at full is. per cwt.
advance, and the sales in that article were large. Coffee still coo-
tinues depressed.

The Duke of York and the Duchess of Gloucester visited
his Majesty yesterday.
Yesterday morning the Duke of York presided at a meet-
ing holden at Almack's rooms, for the purpose of raising a
fund for the rebuildinv of St. George's Hospital.
A meeting of the Lords of the Council was held on
Thursday morning at the Council Office, Whitehall.
Mr. Secretary Canning is expected to return to Glouces-
ter Lodge in a short time.
We understand there is no foundation for the report that
the Earl of Annesley was seriously indisposed at his seat
at Castle Wellati. His Lordship is at
.present in good
health.
M. Monwfiore, Esq., the brother-in-law of Mr. Roths-
child, arrived yesterday morning from Paris, where he kit
Mr. R. and his lady in good health. They are expected in
town on Monday next.
The venerable Bishop of Durham, we are happy to fin I
by letters from Northing, continues to receive great benefit
from the air of that place.
We have already stated that Dr. Burgess, the Bishop of
St. David's, is to be the new Bishop of Salisbury, in the
room of the late Dr. Fisher, deceased ; and that Dr. Jen-
kinson, who is Dean of Worcester, is to be the new Bishop
of St. David's. We understand he will also have the
Prebendal Stall of Durham, which is to be resigned by
Dr. Burgess. Dr. Hook, one of the Prebendaries of Witt-
cheater, is, we understand, to be the new Dean of Wor-
cester, and Dr. Hook to give up his Stall at Winchester.
Mr. Greene, one of the representatives in Parliament
for Lancaster, has announced his intention of not offering
himself as a candidate for that honour, upon the ensuing
dissolution of Parliament.—Tharsday's Liverpool Paper.
An accident has happ :net] to the Count:de Survilliers (Jo-
seph Bon part%) IL sapetr that the horses harnessed to
his carriage having •akeu fright, he was thrown out, and
received several s.v.re wounds. His life is despaired of.—
A numerous and respectable meeting of the Scotch Pres-
byterian Congregations in London in Connection with the
Established Church of Scotland, was held last evening at
the London Coffee-house, when a Petition in favour o
Catholic Emancipation was voted unanimously, with the
exception of a single voice.—(See Advertisernent.)—This
Petition will express tho sentiments of five numerous con-
gregations, of which, we understand, the Scotch Presbytery
consists.
CH rt o trilte.—The 3001. annual prize. appropri-
ated by the Lends of the Admiralty for the besechronotnettr, after
one M
year's trial at the Royal Observatory, Greenwich. has just bee'assigned to r. R. Widenhant, of East.street, Red Lion.square.
whose time-piece only varied else seeondleighty-four hundredths of
time within the year, mean variation, according to the table of
rates, computed by the Astronomer-Royal from actual obserratioo.
an extraordinary perfection even in this era of the attrancernent
of
the mechanical arts, and which is due to the skill and persereranc:
of a young artist of unusual scientific attainments. There see
thirty chronometers by the most eminent manufacturers put le fa
tins prize at the Royal Observatory.
At the Admiralty Sessions holden at the Old Bailey, in
February last, two seamen, Hugh [luting% and Alexander kin-
hug, were capitally convicted of Piracy, but their Counsel pit
Broderick), having suggested a legal objection as to the form or the
indictment, the point was reserved for the opinion of the Judges
Those learned persons having come to a decision unfavourable to
the prisoners, an adjourned Sessions was yesterday held at the Old
Bailey. solely. for the purpose of 'fording an opportunity to the
Court to give judgment in this case, when Lord Stowell (the Jude
of the Admiralty) passed the awful sentence of death upon the Fn.
goners in a very solemn and impressive manner.