The British Press; or, Morning Literary Advertiser. — 1826-02-02 (London, England)

BRAZIL. There can he no doubt that the Government of Buenos Ayres will, if there should be need, be supported by the other Republics of South America. The monarchical institutions of Brazil are viewed by them with an eye of jealousy and dislike. Don P Limo was not invited to send a Minister to the Congress at Panama, where this quarrel will certainly be discussed, and as certainly decided to have originated in his wrongdoing towards the Banda Oriental. There is besides a strong republican party in Brazil, ready in a moment to avail itself of any misfortunes that may befal the Imperial Government. No situation could reqnire more prudence than that in which the Emperor of BaAzit. is placed, but we suspect that no sovereign is more unfitted to cope with the difficulties he has created. Sir CHARLES STUART embarked on the 2.3 d of November, in the Diamond frigate, which sailot on that day fur Bahia. Two days previously a grand entertainment was given to his Excellency, at which all the officers of the Wellesley, 74, and the 'I artar and Diamond frigates, were present. Each English mercantile house subscribed 1,000 ingress towards the expenses. We regret to learn that the intelligence respecting the Brazilian Mining Associations is very unfavorable. One letter states that two Englishmen have been murdered by the natives, and that the Government had recalled the miners generally, to save their lives.  The letters from Lima, by the Tartar frigate, are dated to the end of September. Rout,. still held out in Callao. The following is the extract of a letter, dated Rio Janeiro, Nov. 20 ; " I hasten to acquaint you with the great political events which have taken place here, occasioned, as it is stated. by the events in the Banda Oriental, and the despatches recently received from Buenos Ayres. It is mentioned there are also threats received of the cu-operation of Bolivar with the forces of Buenos Ayres. However this may be, war is certain—the political changes here are as great as unexpected ; the Ministers ■re all changed, and Mr. --, newly arrived from Europe, is the chief of the new Government; 1500 men were immediately embarked, and a flaming proclamation issued. Sir Charles Stuart is disgraced, his mediation being pointedly rtfased, and he sailed on the 23d. in the Diamond frigate, for Bahia ; beset off in a great huff. To all appearance this war will be prosecuted with the greatest vigour; trade is therefore entirely at a stand still ; the Exchange has fallen from 53, to 52."  The Times, in a spirit of prediction—equally remarkable for its bad taste and its bad English—undertakes to anticipate what will be to-morrow the leading features of the xc's speech. " The state of public credit, and the difficulties of the money market, can hardly fail of making topics in the KING'S speech at the opening Session of Parliament. It is painful to us to revert to the subject of our finances, so many deceptions have been practised on the nation under this head. His AIAJESTY will, however, unquestionably tell us of the state of the Sinking Fund, and the great reduction of the National Debt, which has been effected by its operation." This confident prophecy, we suspect, is intended to whet the appetite of the reader for the extracts which follow it from Lord LivEnroor.'s speech, in the year 1819, on the subject of cash payments, in which allusion is made to the reduction of the debt by the operation of the Sinking Fund, after quoting which the writer proceeds to inquire what is become of it. " Now what, we ask, is become of this Sinking Fund?" And he immediately follows up this question with " where is the Sinking Fund /tsar'?" These rapid interrogatories remind vs of Dom' NtE