The British Press; or, Morning Literary Advertiser.
London, England, 1826-10-07 00:00:00

THE PILOT, URA TAI.E OP THE SEA.

The Pilot, )1,. Terry ; Lieracnent Branetable, Mr. Yates : Loss Ton
(Witt. Mr. T. P. Cooke, Car,tain Bu•rroughctitf, Mr. J. Reeve; Mies
Redacting Ttowdes, Mrs. Hughes, from dot Theatre Rayed, Drury-!ene,
her rrat Appearance at thieVileatre ; Ceello, by a lt,ung Lady
,her tiro
Appearance on say iitege:.
After the Barletta, a Newßelletniveritraement called

LA PETE DES NATIoN4.
Consisting of characteriak National Dames. composed and produced
by Mons. 4utlia. late of the King's 'theatre, and at the Acadmnie Royale
de 34usivie ; and the celeOrated rig,ilicut and Slelante Dural, from the
Theatre.
The Eui

ots of the Evening to coneude with (for the Hnt time)
a New Coptic Modena. called
OLD LOVE AND YOUNG LOVE.

. ..
Count Ruseoberyr. Mr. Elliott ; Baron Ito., nberg, Mr. Terry ; Frederick.
Yates; Des Champ% Mr. Wrench; Postillion, Mr. Phlaip.; Amelia.
Itlt4l Buden t Juiietts, Mrs. flusheJ.

The BRITISR PRESS commenced pubnabing yesterday
morning at tire o'clock.

LONDON, SATURDAY, Oci ODER 7, 1826.

We have received the French Morning and Evening Papers
of 1 hutsday. They contain no foreign intelligence beyond
what we have received through other channels. The
principal subject of discussion which at present occupies
the columns of the Opposition Journals is the partial
failure on the part of the RepulAic of Hayti in fulfilling
its late treaty with France. We have made a few extracts
upoa this subject, from the Juotrnal des Debots.
[From the Ebilr.l

A comma? SEPT. 30.

T, ;este Otsfrver confirms the news which we had already
giver f.om our corespondent. A steam-vessel which arrival from
London under the Laglish flag, and which had been detained forty
days in the Port of Cagliari to repair, pet to sea on the 213. h of
August, let Greece. Two days Jter a galliot coming from Lon-
also under the English Hag, entered dm port of Cagliari. It
is maid that Lord Cochrane was on board that vessel. rpon being
toad that the steam-vessel had already sailed, he put to sea again in
*cis t six Imam—

Yesterday 1,200 of the Ilaytian Bondi were deposited, in order
to be discharged on the tint of January neat. There are now ro
wore than '2B,lloBin eireulat'on.
Errant the Journal da D•6ats.]
Pants, OCT. 3.

The Ministerial Journals tin her keep silence regarding the serious
report) .bleb have bese raked reapecting the indemnity of St. Do.
sairgo, or they speak in so einbarrintsed a manner that it almost
amounts to a confirmation of those reomei. We shall continue to
reat,on upon: the subject as if it were ainusdy proved that the pay.
of the indemnity was suspended, or at least that there
wouW be a deduction made from the capital equal to the amount
of the interest on that capital. For, whether the second fifth
shall not be able to be paid, without its being necessary
to grant • great extension of time for its discharge, or whe.
titer Hayti shall from henceforth n:ake no further anmtal
paymenu than the interest on the four remaining fifths, to.
tatithce with a sum for redeeming them, it will be no less
true, that in either case it will not be a fulfilment of the original
treaty ; bat will in fact be equivalent to the non-execution of the
treaty. We shell be delighted to learn that our reasoning will prove
erroaeous; and that the caphal of die. four other fifths, of the in.
demnits of the Colonists. will be paid with perfect punctuality. To
contradict neva gives us much pleasure; but we shall only admit
that this will be the case when is announcement shall be wholly
(Adel; and yet we remember that the speech or one 51inister is
siontetimes contradicted by that of another. Although it is said to
t 04,1 that the indemnity of the Colonists will be paid off; yet
we shall Cr.: be astonished if the same parties tell us rd-rani.rose
mite the contrary. We have not forgotten the contradictory
kteecion of M. de Villele : and when lie has so many times !rotten
both for it and against it, with equal confidence, it it not doing
him an injury to suppose him capable of declaring to us, two or
three months hence, quite the contrary to that which he has been
pleased to declare to us this morning. We will reason, therefere,
upon the business of St. Domingo, without regard to what nosy be
the explanatines of the alittivry.
When the cession of St. Domingo teak place, the laibenla
said to the President of the Council—" This is not what
phik ought to sin. The Republic of Hayti was free; it
did rot require, in miler to mien that liberty, any act of recogni.
bon by yeti; a simple treaty of commerce would be sufficient for
rte i3lffelt of Fru er, and it ass at least very oarless to touch upon

questions which wo.ind the generous principle.. of the independence
of the people."

TbeConstitutianal Royalist sad to the President--" It was a
law, and not an ordonnance, which should regulate the cession Of
St. Domingo. You were not authorised to abandon, by a simple
ordonnance, a pan of the French territory, and violate the public
right both of the old and new monarchy."
The Absolute Itnyalist said to the President—" You recognise,
and even without a sufficient guarantee, a Republic of Negroes,
who have no other title to independenee than murder and fire . you
thus trample upon monarchical principles you ell'°" °'C rest of
the European Colonies to the greatest evils, and you encourage re-
volt and revolutions." . .

The Diplomatist said to the President—" You have imposed
hard conditians upon a country where you have no means of en-
forcing them, which is both contrsry to good faith, and to all
the received rules of diplomacy: you have stipulated for such
commercial advantages, which it sill be impossible, perhaps, for
the contracting party to maint Ain. If the Republic of 11•1;•ti does
not pay the indemnity, if it cannot guarantee to you the enjoy-
ment of those privileges which you have reserved to yourself, how
will you act? Will you declare war against it? Will you re-
call the Royal Ordonnance? It will be too late."
N. de %%Vele pretended that these were all miserable objectiolts,
and his contempt of them was doing only jo•tice to such vain cla-
mours of envy and fallen ambition. Less than a year has passed,
and all the grand conceptions of this greet statesman appear to be
threatened with the very fate which had been prognosticated.
If the President of the Council had not rejected the Constitu-
tional measures, if he had carried a law to the Chambers, he
would at least have now been ale to say to II s -•—" The Chambers
have voted; if I have been mistaken, the Deputies of the nation
hasebeen to to." Rot with a simple ordonnaree, it will be impos-
sible fur him to make each an exense.

31. de Villele ceded St. Domingo to the Republic of Hayti for
the advantage of our commerce; but our commerce; tar from hay.
ing profited by this cession. has deelined in nearly all the Ilaytian
ports. 31. de Villele ceded St. Domingo, in order to obtain an in.
demnity to the Colonists, and the Colonists arpear not to be able to
touch the indemnity, such as it was stipulated for by the
treaty. 31. de Villele, in short, ceded St. Domingo to re-
s.rve to us commercial privilegzs, and those privileges will not
be able to be maintained witheut considerable modifications.—
Finally, this sad affair has not cven been beneficial to the un-
happy Three per Cents., to the support of which it was taken to
the Exchange by gen-el'arine. It was visible from the first
moment, to those who had esir applied themselves the least to
political economy, that St. Domingo, aitit hardly twenty millions
of revenue, was far from being in a condition to pay an indemnity
of MO millions. But of two things one is inevintble ; either 111. de

illele was ignorant of this fact or he was rot. If ignorant, how was
It that he was permitted to make the treaties, and to decide on
abandoning a Colony without bring instrunell in the matter, and
without consulting ita ability to fulfil its engagements ? If he was
not ignorant of the condition of St. Domingo, he had then signed a
treaty which he knew could not be executed. In that case, then,
he deceived the Kiog, the Chambers, the Public, the Colonists.
But no ; men p►efer to be thought ignorant rather than dishonest :
ignorance is a mistbrt • and not a crime. Still it is hard that
France should be n'...1041 to pay the charges of the education of
the President of the Council.

The situation of Eerope at the present moment presents
a variety of anomalies, which it would be vain to attempt to
explain on any of those principles which had been found
applicable in the former periods of its history. It would
seem even that the diffrent Potentates of Europe bad
taken pleasure in confounding all the former ideas of poli-
ticians, in giving up that for which they had contended for
eentuaies—in apparently divesting themselves of the most
deep-rooted jealousies—uniting against those whom they
had formerly supported, and supporting those who had
before been considered their natural enemies. It is not
easy to say whether these changes have been immediately
beneficial to the human race. In many eases, it is to be
feared that the combinations of the Great Powers have not
been set in motion for the preservation of peace so much
as fur the maintenance of prejudice—that the interests of
the people have in some cases been sacrificed to those of
their superiors. Hut, whatever may be the immediate con-
sequencze, the ultimate result of the various political
events which have recently taken place in Eurcpe will
doubtless be advantageous to the best interests of huma-
nity. The habit of acting in concert, which the Great
Sovereigns of Europe first learnt in the war of the French
revolution—though it may certainly be used for the op-
pression of the inferier Powers—is likely, nevertheless, is
the end, to produce some stable system of European politics
which will at least secure the peace of Europe for a longer
period than it has hitherto been usual for it to continue
undisturbed. Though a Congress of Sovereigns, or Mi-
nisters of Great Powers, having a right to decide and de-
termine, by the majority of votes, upon the affairs of any
particular nation, is a chimerical project in the present
state of things, and could hardly be submitted to in cases
of vital importance by a great nation which might find
itself in the minority, the establishment of such Con-
gem's may lead in the end to habits of more extensive
intercourse among the Diplotnatises of different countries;
and the result in many cases, tend to prevent petty
misunderstandings from ripening into hostile defiance.
For the purposes of discussion, we too not by any means
object to those extensive assemblages of Ministerial per-
sons from the different nations of Europe, thought we do
not precisely see the necessity of making a formal meeting,
so as to give a sanction to its determinations which they
ought not to receive. The legitimate and proper object of
diplomatic assemblies of this sort is to explain the different
views in which the questions of policy are entertained by
the different States which are in any degree concerned—to
explain in what respects these views are likely to operate
in guiding the conduct of the Potentates in any particular
event; but to have it to each separate Power to take its own
measures as it may see flt, no l'ower hiving a right to
threaten another, in order to induce it to resent an injury
which has been inflicted upon it by a third. It would be
only embroiling Europe in hest) veers, on every trifling
occasion, if this principle were adopted of acting in con-
cert in such cases as the last war in Spain. This war
terminated favourably fur the aggressor; and, however much
it is to he regretted, no part remains for our Government
to take but that of drawing the best possible consequences
from it in favour of those nations who either are at pre-
sent, or might naturally to be, our allies.

It is very true that the disitess of our manufactures
still exists, and that the Corn Laws are, in a great measure
the cause of it; but it is extremely wrong to adopt the ar-
guments of the opponents of free trade, win, will not fail
to use them for very different purposes from these to which
they are logically applicable. We have traced our distress
to over-production; this over-production itself we have
traced to the superabuntant and unemployed wealth in
the country. For the continual increase of our wealth, and
consequently of our tendency to over-production, we have
assigned natural and permanent causes, and we have
pointed out as a remedy a reduction of the prices of neces-
series in every possible way, and particularly by a change
in the Cora Laws. Certainly, if foreign countries had
contrived to precede us In the Career of enlightened legis-
lation, tse should bare had retes,.n to fear from their corn.
petition ; but we cannot, for tleee credit of our logic, allow
that, on the supptxition of foreign nations remaining ia
slate quo, we should hare any thing to fear from their corn-
' petition. • We l:ept our ground against all their endeavours

THE BRITISH PRESS.

•
for ten years, and it was only by our own hands that we,
in acme measure, fell at last. That falLeithei has been, or
will be, :participated by our rivals; but their regular ad-
vances must, in the end, encroach upon our trade, if we do
not arrest their progrras by bringing our capital and skill
in direct operation against them ; and this can only be
effected by the repeal of the Corn Laws.

CITY, FRIDAY EVENING•

As the period of the Account advances, the depressionists
are using mighty efforts to knock down Consols as far as
possible ; and, to aid their uperations to this effat, at least
400,090/. Mosey Stock was thrown upon the market this
morning. The business done was altogether of a very ani-
mated kind, and at the close of the market, though there bad
been sellers at 80, they may be quoted at 80k, for money,
and the same for the present Account. The state of the
quarter's revenue, and a somewhat scarcity of money, in
consequence of the paying up the duties, have bet n of some
assistance to the Bears in the transactions of to-day, though
it is by no means likely that they will be enabled to make
those causes act beyond the moment. Exchequer Bills arc
17, IS, and India Bonds 31, 32.

There has been a very brisk market on the Foreign Stock
Exchange, particularly in Mexican, which have varied
about one and a half per cent. At the opening of the
market they were 84 retrograded about one quarter per
cent., and then advanced to 824, in consequence of an offi-
cial declaration from M. Rocafuerte as to there being
.500,000 dollars puked ready for the Hussar, at Vera Cruz,
and that more specie was on its way from Mexico, which
probably might arrive iu lime to reach Englatid by the
same conveyance. This notification merely puts an eflicial
stamp upon the amount of money actually at Vera Cruz,
because the fact of there being specie there has long been
matter of notoriety. As to the convoy of money said to be
on the road from Mexico there appears to be some doubt,
because the last accounts received stated that, in conse-
quence of the dissension in the Government, its progress had
been countermanded ;—not that any interest, in point of
fact, attaches to that circumstance, as the agency of Messrs.
Baring is a sufficient guarantee that the cflice has not been
accepted without a certainty of the payment of the divi-
dends for two years atjeast. Such, however, is always the
case, that on tie Stock Exchange matters of little moment
are productive of the greatest variation in the Feriels. At
the close of the market 501a...r reason confirmed this opinion,
for Me%ican Bonds did not realize more titan 611 to
being only beyond the last selling price of yesterday.
The account of a military insurrection in the Archipelago
of Chili had no effect upon the Bonds, which are still at
31 to 38. It is stated, that ,the non-payment of the livi-
d nd has arisen front *se diAculties in which the merchants
of Santiago, to whom the duties on tobacco were mort-
gaged, have been pieced by the state of the exchanges.
The Buenos Ayres packet, which Alit to bring tht.divi-
demi, is looked for with some anxiety. The state of
Colomlda is not very encouraging, and the Bonds have
receded a little te•day, the last price, &Alen, being 35.
Six principal owndof Venesula ha I declared againtt the
fedetol system, eeproposed by Paez ; and ttirmedez was
assembling., his fierce to put him down. It ie, however, very
prolna,:c that the matter will end without blemished.
Greek and Spanish arc spoken of, but nothing more; their
quotations arc 13 to 11, anal 10!.

The Committee of the Stock L'xitnege have been en-
gard to•day in hiquiring into the Mowing circumstance:
—A person wise doffs a great deal cif business as a broker
fur an eminent capitalist, on commission, called on Tues-
day last, after four o'clock, at the of of Mr. IVerex-
HALL, the broker who publishes a daily account of the
Funds for the Members of thq Stock Exchange, and re-
quested that the price of French Stock might he quoted at
97, instead of 98. The clerk informed him that the List
was gone to be printed, and that no alteration could be
allowed. Having, however, setertained who the printer
was, he immediately proceeded there, and got the altera-
tion made. Now, it ambers that the French Stock in
question was never en thaValay 91; but, on the contrary,
there were persons who were sallow to buy at 99. It is
ulderstoed that the person charged has written a letter in
answer ; but, as it is not yet published, it is impossible to
say whether he exculpates "himself or not. The reported
tenor of it certainly can hardly be so considered.
Thtre has been something doing in the Bulanos Shares,
in consequence of the favourable intimation as to the
mines, which are quoted at 9.51. per share, 175!. being paid,
and a further call payable (luring the month of sot. Bra-
zilian are at 14 to 1.5 premium.

The Corn-Market b.-Maness of Friday is seldom of an ex-
tended character ; prices remain nearly as last.
In Mincing-lane, Coffees are somewhat better, and there
have been some considerable purchasers of Sugar ; prices,
however, hare given way, good samples having surd a
depreciation of 2s. per cwt.
Exchanges are, if any tiling, a shade lower than cn
Tuesday. •
The subjoined are the particulars submitted to a Morning
paper, which led to the Stock Exchange inquiry :
The following statement is calculated to pu.t upon their gaud
against fraud all those who may have transactions to erect in the
Foreign Funds

Ot;erving, in ii'rt^,lholl's LW of last Tucarley, that the price of
French Stock In ler.don was gamed at 07f., and having been told
that the price in the market on that day had never been and r 99f.,
I took the trnible to inquire, as to the fact, of two very respectable
gentlemen with whorl I have the honour to be acquainted, and who
are large dealers in French Stock: viten they told me that they had
Auto themaeives always been anxious to bt at 9117. on that day, and
het t, auskirioua staarislittk w sgr.. n or they had
been at ilk pains to asEens‘ewilha jaid v
ll of Mr. Wetenhall, when
they fownd that a brel. serdtfo taseducts a good deal of business with
and fora certain great capitalist, had been to his (Itir.lVetenhall'a)
office after four u'elirek on Tuesday, to desire that this price (97f.)
should he mocked.

Mr. Wet—shall 'coiled, that it wit* ton late to mark such a price,
as the List had gone to preas;.whett the broker welt hiolseir to the
printer's, and atoppcd the press for the purpose of having the price
quoted.
Now, Sir, it is well known that the paid great eapita!ist allows
a commisaion •n all brokers who deal with hint, and the inference to
be drawn front this, coupled with the above circumstance, is, that
the broker, having s...sne Frcnch Sock to sell fur an unlucky
pal, sold it to the said great capitalist at tme par cent. under the
price which he might have otrainel fur it in the mraket, for the
sake of the commtstino allowed, thus sacrificing his price:pars in-
terest to his own. It would be well, therefore, to advise all who are
obliged to employ brokers for the sale or purchase of French Stock,
to give such brokers it him of thi4r knowledge of the practice in
question, and to request that their business be transacted in the
open market, where they are torch more likely to obtain a fair price
than with an individnal•wito pays a commission to their broker.
Thursday, Oct. &, !, . EXPOSITOR.

A file of the Nlexicair Journal El Sol has been received
from the middle of June to the 20th of July. These pa-
pers arc almost entirely destitute of news. They are
chiefly titled with the discussions of the Constituent
Congress of Alnico, and the communications of cor-
respondents on literary or general topics. In the num-
ber of the 19th of July we find the following paragraph:—
"An approaching change of all the Alinisters is announced.
This measure is, in the opinion of sensible patriots and
lovers of order, tie only one which can restore public con-
fidonee in favour of di; u pre tile Chief of the Republic,
which was hi some clangor
during the agitation of these
.days. Da Wye measure' of this nature haw rescued many
Governments from threatening convulsions; and, in our
ca..se, must produce similar efrocts in support of our wise con-
!mutton." It is proper to observe, that, in the reapers
immediately preceding the one from which this emract is
taken, we observe no account of the agitations here al-
luded to. •

_s•-•
0;h A ,
14- cs •woup.