The British Press; or, Morning Literary Advertiser.
London, England, 1803-04-01 00:00:00

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bore. of atheriora:im of which chi petite had al.:
r..ay given us a gni:list.
Letters fewest baras'ourg ef the 2:1 Macch state,
th it the I.irst Consul is tspared there in a month
At farthest.
It is stated is km» from Stockholm, radii the'
s.rdish Convomaken by the English 41:141 carried
loco Enolan4, will uot be restored, nor
.an equiva-
lent in Money.
scats's; maven if.
The Aironant•Gmtesin has inspeNd the ma•
!.i,le, invented bra Pro*aux Danzel. for (inviting
; .-aasos, which was shewn 0 the great hall of the
Aca.;emy of Sciences:. Ile admited the simplicity
t its construitieo, and' signiNed to the inventor
very agreeable it would be IJ bin if he would
accrtr.pany him to Petershurgh, that they might to-
gether make trial of the machine. The Professor
declined gong to Petersintigh, hut offered to give
Garnewin a model of the machine, for the advance-
ment of sc'en:e No," replied Garnerin, ta it is
with yen, with you Dolt, that I wish to ascend, for
the purpose 4.f trriaT roar machine, and if that can-
not now take place. it alall be delayed till my re-
turn from Pet.:rsburgh and Mcisct,w."
The Kind has agtocd to Garneria's proposal, to
asrend from the city of Betlin, before his depar-
tut e tor Petershurgh. His Nlajesty has condescend-
ingly indent:l his carne to be placed at the head of
the subscription-1;s. for 100 1114 ascension
with the parachtite, which will take place from the
10th to the 15th of April, will he the thirty-second
asee-sion of \I. Liartienn, and the tenth of his ode.

LETTERS

OF n C. 11% MIST

azcritt V TAT *MASHED IN TR tNCT,
TO A RAVLIR I LONDON.

LLTTER
My former Letter announced to you that it was
trey intention, stoner or later, to withdraw the Ca-
pital I Live in England.
I d"..4 not then foresee the enormous depression of
the fends, which from day to day have fallen from.
1." to ' I founded my of inion solely on the
,ich the Suspension et the Payments in
tipeste bi• the Bask might ultimately produce on
the state of the Exchange, notwithstanding the arti-
fici..l means which for a tiii,e might he ernplo7ed in
order to make it preserve its level; hut lxilitical
events have occurred, and by their consequences
they' havb prAuced on your funds in a day what
the finaticlal malady of your Country would not
have produced ion by. slow degrees.
• It senses to we, that it is important to me and
to lhose.who are. intnretted on :trims of enc.
same
"rind, immediately tp asiort ine.huces which will
neither he the-restilt nTtoo much precaution or of
• too great a demo of slieuritv t and for that purpose
1 will again, and undipa (iiiierent point of view,
C°911.1 eXiarnine, While there is yet time fur me to do
gni-What. course I" ought to dctermiuc upon, in the
present state of your :grail-%
- The tilge I have.passed in Eneland has afforded.
Me, opportonities.utohserving the very great facility
*tech the Miitiseer finds of seconding his measures
oo all disiienit elicaNinns, through the medium of
• the BALL the Baukoes, and the C apitalists. This is
to be attributed in vourConntry to the immensity
and wide ditissi4tar.isfihe Nz.tional Debt, in conse-
quence of which every private individual experiences
aA akatit*ifot•dlsadvanugc according to the dif-
ferait p,lia •of the getter el interest. But do you
tills' :chat it-woulll'stot be the same in France, and
. in HolosnO, where a coaeurrence between the Bank
and dos GOvernmein mighti produce the gieateA
tv.a
If you concede to use this point, you must agree
•w kb rat, that sthatever is dune in England with a
v!cir nrerneliorattatte state of your Exchange, will
. be ot.r.jaa- ranee iiy a resistance the mote difficult
to 00.0401 ideftr/JAMICII a it with extend over all
r of Continent.
exilf.4,lo ; n an i 3..ta which I have
Inertly threiwn ro- o•- tirst letter, I will suppose
tits: taut lilaok of England. instead of extending its
discounts, as it is natural it she.o.:i do for the ad-
vent:rot* internal Commerce, should for a certain
time restrain its discounts within such narrow limits
as to prodnee a degree of embarrassment in making
the regular payments at London ; it would follow
from thence that the Bankers of London would, in
their turn, iestrain th.:t credit they had been in the
hobo of i;rauting to the Merchants of the interior,
and the latter anding themselves confined with re-
gard to their meats of payment, would seek other
s to continue the course of their affairs, with-
out too nicely calculating what those dilatory re,
sources might ultimately cost them.
The resources to which I allude, consist princi-
pally is seading merchandizes to be sold abroad,
and in drawing fit the value of them by anticipa-
ti m, or in simply drawing Bills of Exchange on Fo-
reign correponients, upon the pledge of providing
for them when they become due.
These operations created by circumstances would
suiatnely introJuce into the London market an ex-
• traordir..uv abuini.mr: of bills drawn on merchants
abroad. A part of these hills would doubtless re-
main unaceep.ed ; they would be presented from
one to-anoteicr fur discount; and the consequence
would be, that the exchange against London would
be consideraisly encreased: it would be encreased,
because•the course of exchange at London wouid
be regulated by the value of foreign coin ; that is to
say, they must draw for a greater number of livri-
tuurnuis nu Prance tOr a pound sterling, in order to
oo,ke the k:senange turn in favour of England.
Then the confidential advises of your bankers
would infer.to your correspondents, the opinion of a
still hyber tote of exchange being announced by
the next pose. Upon this advice, a foreigner who
tics a son. nf money to remit to England willeager-
• ly endeavour to purchase London hills, and will
pay himself something more than he could have
done:the preceding post, or he will give orders
to'his corresoondeots in London to draw on him as
'twin as:passible, no matter what might be the rate
• of exchange, in order to avoid the possibility of a
progressive rise; and it is thus the depression on
the tureign exchange will he ctraled with regard to
Enrlaraf, whenever it shall please the bank to call
in its notes.
in fa& I conceive that the public may easily be
' kid into an error, with regard to the cause of this ;
athcliewation of your exchange; for the persons who I
1.- not know the artful means ethelOyed by the Di-
i extort tithe flank, will naturally give

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