The British Press; or, Morning Literary Advertiser.
London, England, 1820-05-30 00:00:00

arlVestageo which how this very eireessiesee the
American must enjoy over the &Wok merebant,
engaged as rivals in the Pame trade. The British
and American may both sail from the river Themes
together, and arrive at the same time in the harbour
of Valpersiso, where both may, by the sale of mer-
chandise, provide silver fur the Indian market.--
But here their equality ceases. The British mer-
chant cannot proceed with a cargo to the asst, he
must return to England for his qualification, while
his more fortunate American competitor can with.
out opposition proceed on his voyage with an as.
sorted cargo, take advantage of early markets, and
having disposed of In. merchandise may prepare to
return for more, while the British merchant, no
longer his competitor, is striving amidst a thousand
impediments of office ter follow his track at a long
jittery.).
To the trade of the great Indian Archipelago the
Marquis of I.4insnowe very forcibly directed the
attention of Parliament, as offering en immense
source of profit to ti je country, but from which
British industry and enterprise are at present almost
prohibited by the perverse nature of our commer-
cial regulations. It is undoubtedly aurot..l..it pro•
coking that all the advantages of the eastern trade,
eves' of that per of it which is not covered by
the charter of the East India Company, are ihdi•
rectly denied to British subjects, in consequence of
the iiijudicious restrictions imposed by the Legisla-
ture, while they are granted freely and without
any control to Americans and other foreign mer-
chants. Much present good might be effected
solely by relator/in; such restrictions, without in-
fringing the chartered rights of any company, or
inierfrring with any principle upon which the inte-
rests of any close of the community may appear,
however erroneously, to depend.

The Paris Papers of Friday last have arrived
at our Office. They contain, under the head
of Madrid,' several decrees issued by the King
of SPAIN, one of which commands that the profes-
sion of monastic vows should be suspended uutil
the meeting of the new Cortes; and religious
houses are also prohibited from alienating their
property. This is avowedly for the purpose of
arresting the effects of the late war upon the po.,
inflation of Spain, and that monasteries should
fulfil their real object, that of being the asylum
only of virtue. The Coustitarcional Madrid Pa-
per, noticing this decree, so far as it regards
the prohibition of alienation, remark•, that the
ecclesiastical property in Spain amounts to the
enormous st►m of 18,000 millions of reals, or about
*02,833,333i. sterling ! It is probably in contem-
plation to divert some of this wealth to the more
useful purpose of rescuing the nation from its pre-
sent embarrassments. In the mean time the Kano
has opened a loan for 40 millions of reals, divided
into 3,000 shares, and payable in 1821.
Another decree relates to the 61) Deputies, who,
in 1814, protested against the constitution. With
regard to these Deputies the KIN°, with the advice
of the Junta, has ordered, that the Civil Governors
in concurrence with the Constitutional Alcadn of
those places where these Deputies now reside, shall
assign them such monasteries or convents as they
may think proper, for their residence until the
meeting of the Cortes, with whom ~lone rests the
right of punishing such Deputies as shall conduct
themselves iseProperly during the coutinusuce of
their functions. If this be not tyranny it is very
like it ; and even by the very terms of the decree
which commands the imprisonment of these men,
it is evident that the Junta have caused the KING,
who is a mere puppet iu their hands, to usurp the
rights that b.long exclusively to the Cortes.
The French Five per Cents. are 74 1. 40 c.—
Batik Stock, 1,515 f.

A Flanders Mail has arrived, with Papers from
Broseels to the rth instant. They contain an
account of the execution of SAND, for the murder
of KOTZEBUE. A great number of Students from
Heidelberg, who purposed attending at the execu-
tion. did not arrive until after the fatal blow was
struck, and the head was held up to the view of
the spectators. Several of them, however, steeped
their handkerchiefs in his blood. Sand wore, on
the scaffold, the ancient costume of Germany.

We have received a series of New York
Papers from the 10th to the 23d of April. They
•re chiefly occupied with election intelligence. The
general yoke appears to be in favour of the re-
election of Mr. MONROE to the office of President.

The report of the Committee of Ways and
Means had been published, end upon which the
National Latellegencer remarks as follows :-
6$ It is, as we have already said. a document,
the main object of which, the enforcement of the
expediency of retrenchment, and of a just economy
in the public expenditure, not inconsistent with
important natiomsl objects, will meet' with general
approbation.
" The necessity of a rigid attention to the ex-
penditures of the Government is the more oppa-
rent, at this moment, from a certainty that there
will be a deficiency of the revenue for several years,
which must he supplied by a reduction of the
amount of the sinking fund, by loans, or by
tinsel tasation.
" This naturally leads the mind to the qiiestienc
Wore Congress. which may edict the revenue►
We do not pi think the revision of the tariff will