The British Press; or, Morning Literary Advertiser.
London, England, 1825-05-21 00:00:00

PAWL'S!! OPERA HOPSE.

In consequence of ste,,e eyelinee alterations to he els•eted In the
Stair- and orelierant of the theatre. preparatory to the commence-
ment of the Slimmer Season of the English °pent, the !Millie pre
respectfully apprized that this is the Last Week but Two they will
And MR. NlATlirw.: a'l' Iptla E.
This Even ;inr. S LTC KILIAN'. May fl,
MR. MA'l'llyw,' MENttrit %WHIM-HOOK
of Peettlitrlties.Characters, and Manners, col I ceted dui ing his various
Tripp.
Snvoa—•• Memoranda in Confusion'—" Night Coach"—..Rnhliles."
a capital Sorg--•• Match'—•• Rid and New Times'—"Public
°Mee, How.street."
. . .

PA/17 II! —1 Monn;,l% 1..g0e. to he called
(HI JAV
Doors open at Seven; the Performance to eontuntnee at Right.

. -
TM BRITISH Paw cniu,,, em-cd puhil.fi.ng yesterday morning
at half-past five o'clock.

LONDON, SATURDAY, MAY 21, 1823.

The Paris Journals continue to he chiefly filled with the
debates on the articles of the Budget. The Morning Pa-
pers of Wednesday are occupied with the discussion of the
part relating to die Finance Department. M. CASI Kt&
PERI El availed himself of the opportunity to make a ge-

THE BRITISH PRESS.

neral attack on the system pursued by M. VI ; to
which the Minister replied very satisfactorily. The
French Opposition constitute the most factious and unrea-
sonable body in the world, not excepting even our own.
They complain that the burden of the public debt it too
great fur the welfare of the State; and, in the same breath,
they object to every measure the Minister brings forward
for its reduction.

A letter from Bayonne states, that M. Co/infe left that
city on the I Ith, on his way to Turin. Ile had solicited
to go through Paris, and was refused.
. .
The E?oi!e contains some ailvices from Smyrna and Con-
stantinople, respecting the struggle in Greece; but the in-
telligence communicates no new facts. The blockade of
Patras bad not been interrupted, and it was understood that
two deputies had gone to Napoli, o concert the terms of
its surrender. Navarino had certainly not fallen into
the hands of the invaders, and its gartison were defending
it vigorously.
[From the Etoile, dated Thursday.]
(PRIVATE LETTER.)
SMYRNA, APRIL 3.
The corvette La Victorieux anchored in thin port yesterday. It
went on the 211th February to the Gulf of Lepanto, and anchored
off lilissolotighi, four or live miles from the Oreek sputdron of
twenty or twcaty.two vessels, blockading Parrs'. On the 41th of
March, returning from Zante, it appea•ed off ttlodon, and was in.
formed that Ibrahim Pacha had landed two thousand men before
the place, who were advancing to Navarino. On the Lith it ar.
rived at hydra and Spezzia. where the ()reek vessels were arming
with activity, to proceed to their respective stations, and stren;,dhen
the blockade of Patella. It was said at Hydra that two Deputies
from that place had gone to Nipoll di Romania, to treat for its
surrender.

The lireeks are !non to receive a steam.hoat, which, the English
sell to them : the latter have pro.nibed them another it they take
Patna.

There were English ships of war in all the ports at which the
corvette touched ; there was one at Napoli di Romania.
After the taking of Patras the Greeks will proceed against Nlodon
and l:oron. If they conquer this point of the Alorea, a Turkish
European colony, as they say, will be considered and treated by
the English like the Colonies of Spanish America.

Aram R.
A merchant vessel which Nailed from Navarino March 1. arrived
in the roads yesterday evening. It brings word that, on the day it
left the Mores, the army of Ibrahim Netts was bombarding the
Castle of Navarina, from the different point■ where it wax en.
trench:ll. The Greek batteries answered the enemy's fire with great
activity.

CONSTANTINOPLE, APRIL 12.
The accounts from Albania say that Redsehitl Pacha was at Pre-
set's, buying itheady sent to Vorniza 12.000 (or, according to others,
only 4,000) men, destined soon to act against Al
Redschid, it is said, has escaped the plots of the Dervisch Mut.
aan, a partisan of Omer Vrinne, who had concerted with the Greeks
to seize him on passing a defile. The Vizir being informed by an
intercepted correspondence, has, it is said, arrested the criminal
and his principal accomplices.
Serious troubles took place at Trebisonde at the beginning of
March. The l'acha has lost his son ; the town is surrounded by
the rebellious Aga'. No particulars of this revolt have been re-
ceived.

The Porteis said to be very discontented with the two flospodars,
with their dilapidarions and excesses of all kinds. The Grand
Vizir has written to them that he was informed of every thing. The
inhabitants of Jassy have vitt • petition, it is said, against the
Prince who governs them. Menaces against the Prince of Wal-
lachia have been posted upon the walls of Bucharest.
The small-pox is in the Seraglio. The children of the Sultan
have caught it.

. ^
nEWCH kr gos.—PAßrs, MAT lll.—Five per Cents. opened
at NM 25e. Three per Cents. 741. 711 e. Batik Sim+, 2,175
Neopolitan Five per Cents. Certif. Falconnet 1811 11.1 e. Royal
Spanish Loan 1823, 574. Exchange on London :—One month,
241 95c..; three months, 241. I:oe.—Cotsts Autism:gut, May 111,
1825.

The Jury Laws Bill Was re-committed last night, in order
that it might undergo some verbal amendments. This im-
portant and excellent measure is now completed. The prin-
cipal change made in it since it was printed, relates to the
qualifications of Jurors. Landholders assessed at 20/. or per-
sons possessing lxrsonal property to the amount of 400/.
are now competent to serve on Juries. S2veral absurdities
and anomalies of the statute law aTc repealed ; and the
whole system rendered as perfect as possible. No Minister
of England ever performed a greater service to his country
than Mr. PELL has accomplished in this instance. dr.
SCARLETT and Mr. BROUG lIA M warmly expressed their
commendations of the Bill, and their sense of the laborious
exertions of the Right Hon. S?cretary in maturing it.
_ The subject of the Judges' Salaries afterwards came
b.!fore the House. The CH•NC EI.LOR of the EXCIIE-
QuEn stated, that on further consideration he was dis-
posed to decrease the salaries of the Puisnc Judges to
3,300/., in order that their retiring pension might be raised
from 2,300!. to 2,800!. With respect to the promotion of
Puisne Judges, the Right Hon. Gentleman observed, that
though nothing could be more unconstitutional than to hold
it out as the reward of political services, yet it would be
wrong to deprive the Crown absolutely of the power of
promotion. Mr. Ba ottan st brought forward the motion
of which he had given notice on this subject ; but it was
negatived by a majority of 83, the numbers being—
against it 119, and in its favour only 29.

We are happy in being able to announce, that the dis-
tressing uncertainty that exists with regard to the law af-
fecting Joint-Steck Companies will soon he terminated.
We understand that the Avvoaxi:v-Gxxnaat. will very
shortly bring in a Bill for regulating these Associations,
and that lie will request Mr. PETER Mortar to withdraw
the Bill lately introduced by that gentleman. The .41'
roaNty-GENLRAL has hail an interview with Mr. Hue-
KISSON on the subject, and will therefore enter the field of
legislation with all the advantages he ought to possess.
The liberal and statesmanlike views of the President of the
Board of Trade relieve us from all apprehensions as to
the character of the forthcoming measure. The com-
mercial world will rejoice to learn, that the subject has at
length been taken up in the proper quarter, and they will
look forward with confidence to the result. The following
appear to us to be the leading considerations on this
question _ _ _

• I. It is desirable that the law relating to these Compa-
nies should be settled.

2. It is important that no impediment should be thrown
in the way of honest enterprise.
3. Every individual should be allowed to employ his
money as he pleases, and to judge for himself which is
the best mode of employing it (limiting this right, of course,
to lawful objects).
4. With reference to the public good, some undertakings
are more expedient than others. 'fbose which go to cir-
culate capital in foreign countries where it is needed, to
put into motion active industry, and to extend our com-
mercial relations, are, in a public sense, unquestionably
beneficial. Those which seek to establish improved
means of communication in the country by canals, rail-
roads, bridges, and the like, are undoubtedly pro-
ductive of public convenience. Those which endea-
vour to compass objects equally attainable by means of
individual exertion are on public grounds certainly less en-
titled to support and approbation, though it must be ad-
mitted that no such attempt could be injurious to the
individuals engaged in any particular trade, unless it was
singularly ill-managed by them, or unless their profits
were exorbitant, in which case the interference of the
Joint Stock Association must be advantageous to the public,
but always to a less extent than the foreign companies.
As to the profit or loss that would accrue from any of
these undcitakings, of whatever class, that is clearly a
question for the individuals concerned to decide, and not
the Legislature. What, for example, could be so ridicu-
lous as to see the House of Commons engaged in a discus-
sion on the Pasco-Peruvian mines, as to their height from
the level of the sea, the practicability of employing steam-
engines, the presence of fuel, the supply of labourers, and
the richness of the ore? The real question before the
House was whether a Company formed for working certain
mines should, Act of I'arliament, be permitted to sue
and be sued by its Secretary, as is the case with many of
the Fire Companies? This was the sole question for

""';'"• • 0.

•
the Hoene to have considered, and not whether the
parties were likely to gain or lose by their enterprise.
S. It is important that these Compsnies should give clear
remedies to all persons dealing with them.
6. If any great:i check can be given to fraud, without
interfering with the necessary freedom of commercial spe-
culation, there can be no good reason why it should not be
imposed; but the common law isy perhaps, already suffi-
ciently strong and comprehensive for this purpose.
Much has been said with respect to the," absolute fury"
which was raging in favour of Joint Stock Companies,
and absurd comparisons have been drawn by grave legis-
lators between the present period and the days of South
Sea delusion. The public mind, it must be confessed, was
greatly excited, as, indeed, it often is, from many other
causes, and on many other occasions; but the reaction has
taken place, and the excitement has completely outride&
The shares of the companies that have recently come out
tvery few in number) are all either at a discount, or so
low a premium as not to be worth quoting. An opi-
nion scented at one time to be gaining ground, at
least in some quarters, that Parliament ought to
put down " the evil," as the jobbing in shares
was emphatically called. But unless it could have been
shown that all dealing should be forbidden, in order to
prevent speculation from sometimes exceeding its proper
bounds, we know not upon what grounds any legislative
measure could have proceeded. Parliament ought not to
step out of its course to repress every temporary irregu-
larity. When an evil begins to assume an appearance of
permanent duration, it is for the law to apply a remedy
equally permanent, but not before.

CITY, FRIDAY EVENING.
This was a day of great business in the Consols market, and
many heavy bargains were completed at quotations that warrant
the belief that the present decline has arrived at its ntirrintam. The
Money and Account transactions were done on the lame terms in
Consols, which opened at 90} ; they afterwards declined to 01, in
consequence of some heavy sales in the middle of the day. At
that price they rallied, and left off very steadily at 915 }.
The
,lobbing of yesterday was magnified by some of oar content-
poranes into vast speculations, the anticipations of which were of
so much interest as to prevent the members of the Stock Exchange
from taking their annual amusement on Epsom Downs. To this
statement was added the report that the Dividends on the New
Three per Cent. French Rentes were to be made payable in
London ; thereby putting the French Fundholders resident in this
country upon the same tooting as the English Fundholder, by re-
lieving them from loss in consequence of the difference of the Ex-
change, &c. This arrangement, combined with other causes, was
stated to have caused an immense quantity of business to be trans-
acted in the British Stock,. The fact is, the business that wag dote
yesterday was of that description which rendered it wholly unde-
serving of notice. We believe that if any one had had occasion to
canvass the Stock Exchange, he would have procured more votes at
Epsom, amongst the betters on Rufus and Webb, than in the
Consols market, among the few that could be found there. With
regard to the statement relative to the French Rentes, we have
only to observe, that no such intention as was stated yesterday and
this morning in several Journals is in contemplation. The pre.
sent course is for the French Fundliolder to give a Power of
Attorney to any Alerchant or Stockbroker to receive his divi-
dends; and if he can make any terms with his agent as to the
Exchange, he may certainly do so now, as he always could; though
few merchants, we should think, would be inclined to enter into
such an arrangement. The only change proposed is of the follow.
ing description :—Mr. Rothschild will receive the Certificate of
the Inscription from the holders of French Stock ; for which, In
return, he will give lei,, signature to • Scrip receipt, to which is
attached an order for two years dividends
°payable in London.
Although this is an arrangement between private individuals, the
Scrip receipt will be in circulation on the Stock Exchange, like the
Scrip of any Foreign Loan.
11 e can positively contradict the statement cf any French Loan
being contracted for in this country : no such transaction is, or
has been, in circulation.
In the Foreign Market, Spanish Bonds dropped a shade. The
Old were at 23} 4, and the New at 104. Greek Scrip in the early
part of the day was exceedingly heavy. At the commencement of
the Market it was at 7 discount ; however, a alight re-action took
place subsequently, and it left off etre} 4. The Bonds were 504 I.
South American Securities were rather languid. Colombian Bonds
were 00} • and Mexican Scrip 24 discount. Brazilian Scrip was
premium ; and Danish ditto 3} 4 discount.
A new Peruvian Loan erne out this morning, 781. for every 1001.
G per cent. stock. It fluquatad between 2 1} discount.
The business in the ;shim 3letket was extremely limited. The
only quotations we can make are in the Pasco Peruvian Company.
at 94 • and in the new Potosi, at 44. The Brazilian, Agricultural,
and Jewel Company, has risen to a premium, we understand, in
rather a singular manner. It was so little liked on the Stock Ex.
change when it came . out, that the deposit upon only 80 Shares
was paid ; but 300 Shares were sold fur delivery before the sellers
had paid their deposit ; when they offered to pay, the Bankers re-
fused to receive the money, as the
i day appointed had passed by ;
so that there are now only 40 Sharesn the market to supply the
nominel purchases of 300. _ _

In illincing-lane, fine Coffee was more in demand, at better
prices. Sta Domingo was sold at 64v. per cwt. The price of Sugar
was very firm. Indeed, it may be quoted &shade higher.

We have great pleasure in stating, that his Majesty is
considerably better, the attack of the gout in the knee be-
ing much abated, and the pain inconsiderable. His Ma-
jesty's spirits are good, and he looks uncommonly well.
The indisposition occasioned by the gout is so far reduced
that some select friends dined with the King on Wednes-
day, and he was yesterday enabled to have a small dinner
party. Not the least doubt is now entertained that his
Majesty will be able to hold the approaching Drawing-
room, to which the fashionable world look forward with so
much anxiety.
Yesterday the Duke of York entertained a select party
to dinner, at Audley House.
The Princess Augusta, the Princess Sophia, and the
Duchess of Gloucester, visited the King yesterday.
Prince Leopold gave a dinner yesterday, at his residence,
at Claremont, to a select party.
Prince William of Brunswick was much better yesterday.
Yesterday afternoon, at half-past two o'clock, a Cabinet
Council was held, at the Foreign Office, Downing-street,
which was attended by nearly all the Cabinet Ministers.
The Cabinet sat in deliberation till near four o'clock.
The Earl of Liverpool transacted business yesterday, at
the Colonial Office.

The Chancellor of the Exchequer came to town yester-
day morning, from East Coombe.
A correspondent says—" Lord Willoughby de Broke
will shortly mil in his beautiful yacht the Antelope, for
Petersburgh, in company with SiV William Curtis. IVe
are given to understand his Lordship will be accompanied
by Lieutenant Francis Harding, one of the cool and well-
tried officers of the Gripi•r, the ship so recently returned
from a disastrous voyage of discovery, under the command
of the clever and enterprising officer, Captain George
Francis Lyon."
The once gay and fashionable village of Weybridge has
been in a sad sombre state since the death of the Duchess
of York, and the consequent desertion of' the place by his
Royal Highness the Duke; but as he has now disposed of
Oatlands to Mr. Bill Hughes, life and animation once
more shed their influence over the late deserted village ;
all the houses are now inhabited, except the dilapidated
mansion of the Portmore property, but arrangements, we
understand, are negeciating to pay off the incumbrancrs,
and once more rendering them also inhabitable. The
smiling faces of the lasses, and cheerful countenances of
the different tradespeople, evince the improved situation of
the village. The Bishop of Nova Scotia, and his family,
have been staying with their friend, Mr. Thesiger, at
Albin's Lodge, and en Sunday last his Lordship preached
an admirable sermon in aid of the parochial school, when
a very satisfactory collection was made to benefit the fund
to which their Royal Highnesses were always liberal pa-
trons and contributors. It used always to be the custom of
their Royal Highnesses to throw open the gates of Oatlands
every Sunday, from Whitsuntide to Michaelmas, for the
public to view the delightful ground. and grotto, and the
inhabitantwanticipate. with satisfaction, a dmilar indul-
gence from Mr. Ball Hughes.
THE News or LITERATURE AND 60
f this %Veekly Journal (which is just published by Mr. E. D.
Pouchee, No. 7, Brydges-street, Covent-garden, and sold by all
Booksellers and Newsnien), contains, aniung many other interest-
ing article's-J. The Opera, & The newly-piolee al Bury-
e._„2.
ing Oresund-3. The Duke of Devonshire's Concert, and Velutt-
4. Voting the Wrong War—S. air. Ilaydon's Picture-0. Pultlic
Character of Mr. Coke-7. Ceremonies of the Upper !louse-H.
Disturbance at the Opera Roux-9. The Elgin Marbles—lit. The
Vatican, and its recent additions—ll. The British Institution-IJ.
The Last Excavations at Pompeii-13. Edinburgh ('hit.:lo-11.
Mr. Blaquiere's Reply to Captain Parry, in liis " last Dcy.4 of
Lord Byron"—la. Various Articles of Scientific News—lh. Hor-
ticultural Directions for next Week—l 7. The Catholic Question.--
18. Greek Polities--19. View of the Literature of the Week-211.
Reviews of Books, Periodicals, &c.—Unstamped Edition of The !
Icrtrs of Life, atore and Fashion, for town circulation and trans.
mission to the country in parcels, price 81 Stamped Edition, for
transmission by post, price Is.