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

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be accomplished at the present Session; we fray
there will be no I+ decision on it, bet that it will
be postponed to tke next Session. We soy we fear
it—and we do so frdm the conviction that it is more
important that the tariff of duties should he now
settled and hereafter shwie, than it should be either
of greater or less among*.
" It is the uncertaintycarising from variable
laws, aid the resulting impossibility or calculating
with soy precision the result of miereontile adVen-
tures, that deadens commerce, sail neenlyses.the
enterprise of our merchants. We hope that, since
the proposition is entertained, it may bodrestled at
the present Session."

It appears frnie the detailed statement* 9f this
report, that is Om .iant year the receipis wiShe
Treasury were 44.814,419 dollar,, mad sitiets4i,.
diture 44,044.568. leaving a balanced 0,,e
come, of 767,1!‘51 dollars. In the* 19'•
however, it was estimated there would be a defi-
ciency of revenue, amounting to 3,773,494 dollars,
which might be reduced to 1,48.5,001. by the ap-
plication of the balance of 14488.497 dollars, re-
maining unexpended of the sinking fund. Cut
ate ..,ommittee. n. secommenoing the application
of this surplus of the sinking fund to the catrent
perms of the year, " deprecate a recurrence to a
like resort in future years, if the same can. with any
propriety. be avoided."
The report concludes with some remarks upon
the " extraordinary depression of commerce within
the last three years. the stagnation of our mitiga-
tion, the depreciation in the value of oua assiterty.
and the corresponding depreciation in the slibitt elf
property of every discription." It then recent-
mends rigid economy in all branches of the public
expenditure, as imperiously required by the at•oi,e
condition of the country.
It was confidently reported in the United Stem
that General VIVIN had declared he had full sower.
to cede the Florida., and that only sonic pietas of
minor importance had to be arranged previously to
the public declaration of the cession.
Congress was expected to adjourn aboutthe 31
May. The new tariff, imposing a higher duty on
imports. it was supposed, would not be brought
forward.

Ex!ilks! foss,s.ltel Irons the Agents $ Lloyd's
it Santiago de Chili, doted February 18, rulrev.ed
Is the Secretary, and received by the Ltiti,ta
whaler, arrived at Plymouth:—

64 We consider the capture of the strong flutter",
of Valdivia of that consequence to those engeerd in
-the trade of Chili, that we hostels to commiiiiivatt
the same through you. It was attacked by Loyd
COCHRANE on the night of the I Ith current, with
240 aoldreni of a Chili regiment, and the Fodor, and
marines of the frigate O'Higgins, brig Intrepid, and
schooner Montezuma. By &plight right kiatterits
were carried, and in the course of the ensuing.
morning the town, castle., and loftier's.% with 116
piece. of brass cannon, all the Spaniels royal depO'.
and 400 soldier of the regiment of Cantabria, were
taken possession of; the transport Dokes (cot out
of Talcahuano) and a small vessel retaken. This
was the only point the Spaniards had left in the
state of Chili. The two large ships taken at
Guayaquil are the l'igonio, of 700 tons, and the
Aquilo, of 1,000 tons; they have anchored at
Valparaiso."
We are happy to inform our readers, especially
our local ones, that the Hydra whaler, which bas
an long been the subject of ankious hopes and fearer
in this port, is happily arrived, and with a eitygn
which will handsomely remunerate her owner.
she having shout three thousand barrels of sperm
and elephant oil on board. The Hydro wird
from Valparaiso on the 22d of February. On
the 11th of April, in tat. 11. 12. N. long 31. 27.
W. she spoke a Portuguese corvette from Rio Ja.
nein, on a cruise, and nut 50 days; on the 14th
instant, in lat. 43. 26. N. long. 35. 35. W. the
Marvnis of Wellington and Cansatie East Indio-
men, five weeks from Sr. Helena, for 1.0111
dOU ; on the gist, in lat. 42. I. N. lon a.
22. 30. W. the Spanish Patriot, from fleis
tol, for Harbour Grace, Newfoundland ; on the
22c1, in lat. 48. 10. N. long. 14. 4. W. the ship
Steam, of and from Bristol for Quebec ; and on
the 25th (lest Thursday) in lat. 49. 10. lotlags.
10. 22. the Dutch East India ship Asitoinetta
and Jacobs, Captain KRAYN, with troops fur
Batavia, all well. Lord COCHRANE'S prizes (Iwo
Spanish frigates) had arrived at Valparaiso, r den
with ship timber, cocoa, &c. a quantity of epecie
having been previously landed. Alin thew! cap-
tures his Lordship, in the most gallant style.rittack-
ed and carried a fortress, called Ville astvy, and
the island of Chilwey, both ;olden of coneidenoile
importance. on which lie immediately iviisted hit
osnt colours.
Whsle fishing was very unfavourable, owing to a
great scarcity of fish. The Ilydracras,ed upward*
of two mouths without set is,g a fish, The Wenn
derer, of this port, had been at Cediforma. Ir
ing elejohanta, and was reported sto have a'. Jim
1.700 hurtle. The Hiplra has tie t seen her safer
November, 1818. The Colones; ty* Mork 1, 5100
°rein port, had 100 barrels. used was at 'o,e
lip egos islands last November. The Err
.1 If ;Wor-
ley, of London. had 1,000 beret's; and Puhey
tot the - port, 1 -Pfirworel6 •

My. ut London. had 1.000 b.rrele; and or "her.
ut the aeon port. I.4oo.—(Piptonoilt • Tekgriph.j:
Dust's. MAT tCs. Fire p nt....The!
Common Council have nue day doe -4w. bis • so
jwitf of overly throe to one. ar tingt
,Ihe Cobol. I
there hen% 4.Aagnitot t n 7l *
1;"'"'"
, 6,A ‘0.,,. 181:411‘.