The British Press; or, Morning Literary Advertiser.
London, England, 1825-05-03 00:00:00

THE.BRITISH PRESS.

months imprisonment and SOO francs fine. The sentence was
worded as follows, according to the Conrrier Francais:—
" Considering that the Journal de Alain is composed in a very
bad spirit and principle' contrary to morality—considering that
the articles entitled Cronaneve Diverzet, k Cardinal et le
Capticin,' constitute in outrage•to. religious morality, the tribunal
condemns," &c.
The Mathew, has no official articles ; as well as the miner
Papa*, it is tilled with the debates of the two Chambers.

The Commis

ittee on the Roman Catholic Relief Bill is
postponed till Friday, in consequence of the illness of Sir
F. llcaocyr. The accompanying measure for regulating
the Elective Franchise in Ireland is also delayed, for the
same reason.

The principal business in the House of Commons Tact
night was the passing of the Resolutions in Committee re-
lative to the admileion of bonded corn, and the importation
of wheat from the British Colonies in North America. The
Resolutions were brought forward by Mr. Hussissow, in
a speech in whieh he confined himself to a brief statement
of the law and the facts connected with the subject. The
Right Hon. Gentleman proposed that the corn that has
been bonded for three years should be gradually intro-
(lucid, one-third during the month elating on the lath of
June, another third on or before the 13th of July, and the
remainder on or before the 15th of August. The quantity
of bonded corn thus rendered admissible to the home
market is estimated at 400,000 quarters; and as it is cal-
culated that the present tendency to rise will continue,
the gradual introduction of this corn will not, in all pro-
bability, be attended with any considerable inconvenience.
The amount of duty is fixed, not with a view to increase
the receipts of the Exchequer, but at such a rate as, while
it pr3tects the agriculturist, will yet induce the holder to
bring his corn to market in case of any deficiency of supply.
The following is the 'duty proposed:—
For every quarter of Wheat .
For every quarter of Rye, Peas, and Beans
For every quarter of Barley, Beer, or Bigg
For every quarter of Oats
For every cat. of Flour

if F. a.
- 0 10 0
-0 6 6
-0 5 0
-0 3 6
- 0 2 10

The second Resolution removes all restrictions on the im-
portation of wheat from the British colonies in Nort:a
America, and, in lieu of all existing duties, imposes a duty
of five shillings a quarter. This duty, together with the
costs of freight, it is expected will be sufficient to prevent
the importation of wheat in excessive quantities from
North America. This proposition is wholly prospective,
as it is intended to admit the North American corn now in
the warehouses into the market, free of all duty, on the
l.Sth cf this month. There are only about 20,000 quarters
in this country. Mr. lIVSKIRSON'e speech was clear and
convincing. Mr. BARING was of opinion that the admis-
sion of the foreign corn in the warehouses was a measure
highly expedient, that the time was judiciously chosen,
and the duty ♦ery fairly adjusted between the interests of
the prpprietors of corn and those of the country at large.

The money market yesterday was agitated in an extra-
ordinary manner. Rumours of almost every imaginable
variety of mischief. actual and prosplctive, were circulated,
and each, however absurd or improbable, had its influence
for a time. The alarm originated in the unfavourable
state of the exchanges, and the consequent exportation of
the precious metals. All the political causes assigned for
the fluctuations in the price of the public securities are
known to be without any foundation. We speak of those
relative to existing circumstances. We are of course un-
able positively to deny that the prognosticated evils of
futurity may not happen; they are certainly within the
scope of possibility, but we have no dread of their occur-
rence. It is frequently difficult to account for the move-
ments of the stock market. Perhaps in no place is unde-
served importance more often given to insignificant causes;
nor is there any spot in the world where more extravagant
reports obtain a transitory credence. The exchange with
France is one per cent. below par, and the nation was
immediately on the verge of destruction. Our pros-
perity had passed away like an unsubstantial dream, and
the kingdom was ruined by the vastness of its exports!
During the moment of panic, nothing was too monstrous to
gain attention. That there is no real ground of apprehen-
sion in consequence of the present state of the exchanges,
may be easily shown by reference to the fact, that the
exchange with France was S per cent. above par for a con-
siderable time. The result was, that specie was imported
until the balance was turned, and by the reverse operation
in the present instance, the exchange will be again easily
raised to its proper level. No evil will cure itself with
less danger or suffering to the body politic. Towards the
close of,the business yesterday, confidence began to revive,
and the prices were greatly improved. The last bargains
in Consols for the Account were made at 9111.

CITY, MONDAY EVENING.

The business of the Stock Exchange was rendered peculiarly in-
teresting this morning by the extraordinary fluctuations that oc-
curred in the prices of all kinds of Securities, together with the
concurrent reports. The ramoun of Friday and Saturday were
all renewed, with variations and embellishments. The principal of
these to-day were, that a total change would take place in the
Cabinet in consequence of the Catholic question, as an immediate
explosion was looked for in Ireland upon the rejection of the
Catholic Claims ; and that as the low state of Foreign Exchanges
would cause the metallic currency to disappear, if some measure
were not adopted to prevent it, the Bank had resolved upon sus-
pending cash payments. In addition to these wild and absurd re-
ports, theinore plausible report of a dissolution of Parliament was
circulated, and the money that this event would withdraw from the
Funds was stated as a circumstance calculated to produce a reduce
Lion of prices. Fran the best information that we can obtain, how-
ever, we are disposed to ascribe the extraordinary depression in
the middle of the day to causes purely temporary and speculative.
Consols were very high, and heavy sales were made by those who '
were desirous of realising their profits; and we are contlrmA in this
opinion by the re-action that took place towards the close of the
market. The disappearance of specie may be traced to many
causes connected with the general improvement of the commercial
world, which has necessarily given rise to a greater demand for the
precious metals. The arrangements too that the lilinisters
have recently felt it their duty to make, relative to the
circulation of the West India colonies, have cooperated, with
other causes, in effecting this result. The balance of trade with
the Continent is also, at the present, decidedly against us, and this
will exercise • material influence in withdrawing the currency.
Upon the whole we are inclined, however, to ascribe the fluctuations
of to-day chiefly to the operation of one of those panics which arise
in the Money Market occasionally, as well as elsewhere. At one
period all was dismay, but towards the close confidence returned,
and with it of course better prices. Console for Money passed
through the several changes of 911 90j lj 91e, and for the account
914 914 91i 11, and the last bargains were actually done as high
as flit t.

In the Foreign Market, which wu equally agitated, old Spanish
Bonds were done at 23f f, and the new at IN 19. Greek Secu-
rities were an exception to the general rule this morning. They
weathered the storm better than any other stock. The Bonds
were at 514 52, and the Scrip 41 f. Colombian Bonds were 87f
88j; Mexican Scrip 11 discount; Brazilian Scrip If premium
and Banish ditto 21 If discount.

In the Shan Market Pasco-Peruvian opened at 5 premium, and
afterwards rose to 9 10, and Anglo-Mexican was from 85 to 90.
We nn make no quotation of other Shares, for nothing was done
in them.
There was nothing doing in Mincing.lanc this morning.

THE KING'S VISIT TO DRURY-LANE
THEATRE.
, .

Last night Der. Ireisehulz and Simpson and Co. were
played at this theatre by command of his Majesty, who
honoured the performance with his presence. The Royal
Box has been brought forward eighteen inches since the
King's last visit to the theatre. It now projects three feet
from the regular line of boxes. His Majesty's box has
been richly decorated .end lined with scarlet cloth, light
blue draperies, and fringe in imitation of gold lace. At
the back of the box is a mirror, which reflects the oppOisite
side of the theatre. In the King's box were four large
Grecian lamps„on splendi l gilt pedestals. In the ante-
rooms were antique lamps on marble pedestals, a rich large
chandelier, a variety of Grecian lamps on brackets, and
wax lights in br-molu branches gnd candlesticks. The
floor and stairs were as usual covered with cloth. In the
muffling of yesterday Sir Richard Birnie made extensive
arrangements of the Police, and an fixing the stations for
the patrol. • The Royal cavalcade 'proceeded through
Cockspur-street, Charing-cross, St. Martin's-lane, Long-
acre, Drury-lane, and Russell-street, to the theatre. A
Guard of Honour marched into Russell-street at six
o'clock, and took possession of the footpaths leading .to
the theatre. His Majesty took an early dinner—the Officers
of State, the Eqnerries, &c. in Waiting, had dinner pro-
vided for tfiem at five o'clock. It being a State proceeding,
the Grand Hall of the King's Palace was lined with a party
of eight Yeomen Guard.. At half-past six o'clock.tke.Royal
carriages and the eoaehtnen and footmen in their state liveries
were in readiness. His Majesty appeared In a full Gene-
ral's uniform of the live Artillery. In the first cArriage
were Mr. Lewis and Colonel Fowle, the Gentlemen Ushers
in Waiting, and the Exons in waiting. In the second car-
riage were Sir Robert Bolton, the Equerry in Waiting ;
the Page of Honour ; the Silver Stick in Waiting ; and
Mr. Brent, the Deputy Comptroller of the Household.' In
the third carriage were the Treasurer and Comptroller of
the Household ; the Master of the Robes ; Sir Edward
I'aget, the Groom in Waiting. In the fourth carriage
were the Lord Chamberlain ; the Vice-Chamberlain ;
Earl Cathcart, Gold Stick in Waiting; and the Captain of
the Yeomen Guard. In the fifth carriage rodt his Ma-
jesty, attended by the Master of the Horse ; and the Earl
De la Warr, the .Lord in Waiting. His Majesty was
escorted by a party of the Royal Horse Guards.
The King was greeted by the multitude assembled in
the streets and at the windows of the houses with en-
thusiastic cheering. His Majesty alighted fronr his car-
riage at two minutes before seven o'clock, which was an-
nounced by the sound of trumpets, beating of drums, &c.
The King was met by Mr. Elliaton, and Mr. iVinston, the
Acting Manager, in full dress, who conducted the Royal
Party to the box appropriated for their reception.
his Majesty was greeted on his entrance with tokens of
the most enthusiastic and respectful loyalty, and which he
acknowledged with that graceful courtesy of address which,
by a single movement, lie knows so well how to testify.
The plaudits rang from every part of the house. The ge-
neral effect was electrical. After the applause had some-
what ceased, the audience rose, and "God save the King"
was loudly called for, and sung by all the musical per-
formers of the Company. His Majesty appeared in ex-
cellent spirits, and was apparently much amused with the
bustle of magic and incantation which attends the por-
tentous casting of the bullets, and seemed-struck with the
magnificent scenery and the wonderful stage effect by
which the English stage has given so much celebrity to
this popular German drama.
At the end of the performances the National Anthem
was again called for and sung. When his Majesty retired
it was amidst the same thunder of acclamations that had
heralded his entrance. It was not possible for any Sove-
reign to teceive or meet on a public occasion a snore grati-
fying proof
.of his popularity.
The Duchess of Kent, and the Princess Feodor, at-
tended by Capt. Conroy and General ‘Vetherall, were in
Prince Leopold's box.

THE EXHIBITION of de ROYAL ACAD.EMT.
THE FIFTY-SEVENTH.
We trust this is the last time that the Exhibition of the
Royal Academy in the Metropolis of the greatest and most
opulent nation in the world will force its crowding visitors
to elbow each other "up stairs and down stairs," into
rooms much inferior to "my Lady's Chamber," to view
an assemblage of paintings, not one in fifty of which can
be seen to advantage—hung up without any attention to
order or good taste in the arrangement ; where the best are,
many of them, placed in such bad lights as to be "
invi-
sible, or dimly seen;" while others, which well deserve to
have been excluded, are permitted to usurp stations which
only serve to make their defects more glaringly con-
spicuous.
Some recent discussions in Parliament gave us reason to
believe that it is intended to transfer this display from
Somerset House to an appropriate Museum, to be erected
for the exhibition of the Works of British Artists, which
may correspond with whatever is Royal in the Academy,
and which as a nation may better become our reputation
for liberality, and elevate us to something approaching at
least to our character for munificence as the patrons and
lovers of Art. We trust, however, that the Members of
the ACATZMY do not mean to throw themselves upon the
public liberality ; their " good works" have put our
icurioaity under contribution for well nigh half a century-1
their riches has been the growth of many summers—they
must at this juncture be rolling in wealth as a Joinf-Stock
Company, and can therefore never think of begging their
way from their native place to a new settlement. The,
receipts in 1780, when the Academy exhibited their works,
for the first time at Somerset-place, amounted to upwards
of 30001. They have since increased to an amount much
beyond this. They arc therefore by this time in a comb- I
tion to give some unequivocal declaration of their public
spirit, and to set an example, in their turn, of that liberality
by which, on the part of the public, they have been year
after year nursed into opulence.
We have only time at present to throw out the above
suggestion; we shall observe upon the pictures at cur
earliest leisure.