The British Press; or, Morning Literary Advertiser.
London, England, 1825-04-29 00:00:00

tHE BRITISH PRESS.

. .
jetty's Minim sIN to give theisimmediate attention to the sultt)tel,
and not for to many months to keep the country in agitation.
• Colonel JOH Nt.+ON'tme amidst the manifest impatience- of the
House. snit Ma:Mooed the adjournment of the debate to this day
se'nnight.
Mr. Beiretary PEEL opposed the motion for an adjournment,
•hich he considered would be most inconvenient.
Mr. T. WILSON was adverse to any delay. An immediate
decision on the question would be beneficial to the country in every
point of view.
Mr. WHITMORE briefly replied.
After which the House divided on the original motion, and the
numbers were—
For the motion 47
Against it 187

41 tills ;Ai US. Witt highly stay to the British
Anthem-admit. the fnlelfgeif;elfid Iranspired in Lisbon,
and the unreal joy and confidence prevailed among the
mercantile climes. The suspension of the intercourse be.
tween the two countries must have been productive of so
much loss and inconvenience to the people of Portugal, that
we can readily conceive they have heard with great pleasure
that the former relations are about to be removed. The event
will likewise have important political consequences. How
can the infatuated FERDIN AND persist in his senseless re-
fusal to accede to irresistible events, with the prudent ex-
ample of Joan VI. before him, to admonish him of his
inexcusable folly ?
• - _

The Corn Laws were last night brought under distussion
in the House of C01M1301211, pursuant to notice, by Mr. W.
Witirstoex. These laws, the Hon. Gentleman argued,
are a glaring exception to the principles of free trade which
Parliament professed lb hold. The evils they inflicted, be
contended, applied not only to this country, but to all
Europe. They diminished production universally, and
made us dependent for our supply upon the seasons. The
great stocks that existed a few years ago were now so
much decreased, that in case of a dearth we should find it
exceedingly difficult to get from dab whole world corn
sufficient for our consumption. England was the grand
regulator of agricultural as well as of manufacturing pro-
duce. It was his opinion that our Corn Laws had pro-
duced the most injui ions effects opmt the cultivation abroad.
'Peeduetion was not teeping pace with-consumption. In
Poland the growth of corn had much decreased, sod the
cultivators had been compelled to produce other articles
which we would admit. The consequence was that there
had been a vast increase in the importation of wool, tallow,
and flax. The high price of corn, by raising the wages
of labour, diminished the profits of capital. The great-
ness of England was owing to its capital. In respect of
population and extent, we were only a second or a third
rate power, but our vast capital had enabled us to contend
with all the other powers united against us. It was her
capital alone that gave to England the weight she pos-
sessed in the scale of nations ; and if it was the object of
Parliament to preserve her station, it should also be their
object to preserve her capital. The Hon. Me.nber con-
cluded with moving that the House tiould resolve itself
into a Committee to consider the Corn Laws. The motion
was seconded by Lord Micro t 4. Mr. Gooch opposed the
motion. He considered that both the growers and con-
sumers of corn had been satisfied for the last six yrs"
during which period the average price of Wheat bad been
only .58 shillings and three pence, which he thought not
too high to remunerate the agriculturists, considering the
heavy charges of various kinds that fell exclusively upon
them. He admitted, however, that 60s. was now as good a
protecting price as SOs. a few years ago; but he objected
to have the Corn Laws tampered with, as, upon the whole,
in his opinion they had worked well. He therefore
moved the previous question, by way of amendment.
After some remarks from Mr. Cuawzie and Lord Ox-
statiroww, Mr. Huseissorr addressed the House. He
differed from the Honourable Mover only in degree,
manner, and time ; in principle he perfectly concurred
with him. The Right Honourable Gentleman said, that
his views upon this very important question were those
stated in the Report of 1821. In a clear and able style,
the President of the Board of Trade then proceeded
to explain the reasons why he was averse from the
cmsideration of the subject during the present Session.
The debate was afterwards continued for several hours,

not Ulrl

derstand Mr. Iluattissox's intentions; but neither could
they understand the Report of 1821. It is something
strange to hear the President of the Board of Trade
charged with obscurity. But no artifice is so common
as to pretend not to understand what we dislike.
" None are so blind"—the proverb is rather too
musty to be repeated. An abortive attempt was made by
Colonel JOHNSON to obtain an adjournment of the debate.
At half-past one o'clock this morning the House divided,
when there appeared, for the original motion 47, against it
187. It was lost, consequently, by a majority of 140.
CITY, THURSDAY EVENING.

The Money Markets still continue languid, and but little busi-
ness doing in any of them. Consols were worse to-day than yester-
day ; the Account Bargains being done at 923 3, and those for
Money at 923 3.
In the Foreign Market there was an improvement upon yester-
day's quotation, both in Greek and Spanish securities. Greek
Bonds were done at 523, and the Scrip at 4N. The Old Spanish
Bonds were as high as 243 3, and those issued in 1023 were at 19.
The Impression this morning was very strong that a new Spanish
Doan would be announced at no very distant period. South Ame-
rican Securities suffered a slight depression ; Colombian Bonds
were at 89f, and 31exican Scrip from 3to 3 discount. The decline',
in the latter, however, had no connection with the absurd story'
published by a Morning Paper, in its most distinguished place, as
intelligence of unquestionable authenticity. The whole of that
relation is absolutely groundless. The Chronicle is very unfor-
tunate in its foreign news. It is never right even by accident.
If by a rare kind of good fortune it was to obtain any ex-
clusive information from abroad, nobody would believe it till
it was corroborated by some other paper. Its leading article on
Mexico to-day was treated with universal contempt, and deservedly
so, for there was not a word of truth in it. The trifling decline in
South American Securities may be more correctly traced to circum.
stances connected with the settling day in the Foreign Market to-
morrow. Brazil Scrip remained at yesterday's price, 2 premium.
Danish Scrip was a shade heavier than yesterday ; it was 21 2.
The transactions in the Share Market were by and means exten.
sive. The principal ones were in the New Potosi ..shares, which were
done at 43 5 premium. There were also a few bargains in the
Pasco-Peruvian Company at 14.
Both Sugar and Coffee went off heavily to-day in Mincing-lane.

A letter from Mexico, dated 9th February, says:—" The
Castle of St. Juan d'Ullao has received reinforcements from
the Havannah, which arrived on the intli January. We
now see no prospect of that place being speedily given up,
and must depend upon Alvarado for some time to come."
Letters from Havannah mention their having fallen very
heavy rains, with tremendous hail storms; so much so that
the roads were impassable, and it was feared the crops of
sugar would be seriously injured.'
In the House of Assembly of Lower Canada, on the
11th instant, a committee reported that " the commercial
intercourse between this province and the United States
would be considerably improved, to the advantage of his
Majesty's subjects in this province, by permitting United
States flour to be entered under bond for exportation, which
might be exported from the ports of Quebec and Montreal
free of duty, but should be chargeable with the existing
duties in cue of its consumption in this province; and that
all articles whereof the importation into this province from
the United States is permitted by law, should be per-
mitted to be imported into this province by inland naviga-
tion, in crafts or vessels of any description whatever. It
was resolved on the same day, that to encourage the inter-
course between Quebec and Halifax, it is expedient to
grant the sum of 5001. annually for three years, to the first
person or company who shall cause a steam vessel of 500
tons or upwards to be built and regularly navigated between
those ports."
A letter from Rostock, which was formerly one of the
Hanseatic Towns, states, that " the happy commercial in-
telligence from London respecting the extraordinary and
remarkable changes in the British prohibitory laws, have
given new life to the town and port." Several Jewish
traders had commenced going from house to house to buy
up the wool for exportation. The reduction of the import
duty on iron, by the British Goverment, has depressed
the price of raw iron in Sweden in the same proportion.