The New York herald. [volume], November 23, 1857, MORNING EDITION, Image 1

About The New York herald. [volume] (New York [N.Y.]) 1840-1920

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THE NEW YORK HERALD.
*HOLE NO. 775a MORNING EDITION-MONDAY, NOVEMBER 23. 1867. PRICE TWO CENTS.
IMPORTANT FROM EURORE.
Arrival of the Atlantic with Four
Days Later News.
tie nuuikij^umr
Increase of the Rale of Interest to
Ten per Cen t.
VERY EXTENSIVE COMMERCIAL FAILURES.
Suspension of the Western Bank of Soot
land and Dennistonn, Wood & Co.
MOTHER LARGE DECLINE HI COITOX.
IMPORTANT FROM INDIA.
Capture of the King of Delhi and
his Wife.
EXECUTION OF HIS SONS.
LIJCKKOW RELIEVED BY GEN. OAVELOCK.
GENERALS NICHOLSON AND NEIL KILLED.
NEW CABINET OF BELGIUM.
BBEADSTPFTS DULL LID DECLINING.
IMPROVEMENT IN CONSOLS,
Ac., Ac., Ac.
The OolliDB steamship Atlantic. Captain Eldridge, which
left Liverpool at 4 o'clock evening of Wednesday, 11th
tost. , arrived at tins port at 7 o'clock last evening.
The A. parsed Cape Race on Wednesday, the 18th inst.
The weather being stormy and thick, Captain Eldridge did
not see the Associated Press yacht, but threw the news
overboard, attached to a barrel with a (lag on the top.
The A. arrived at the Hook at 4 P. M. yesterday.
The Atlantic hi^ brought on freight H27 ,929.
The news Is of the highest importance in a commercial
point of view ? the most important we have received for
gocne time from the other side of the Atlantic.
A singular dispute has jurt arisen between the froe city
ef Frankfort and the United Stiles of America. The police
ef the former city has interdicted the residence there of
an old political refugee, of the name of Froe be 1, who ha.s
?mce become an American citizen. M. Froebel played u
cvrtatri part in the event* of 1848. In consequence of this
interdiction he has applied to M. Reicker,the American
Consul , who has threatened to break off his relations with
the Senate of Frankfort if it persists in maintaining the
erder of expulsion of a citi&'u of the United Slates.
A note in the Paris Vays of November 7, says : ?
We are informed from Ixmdou that the government of
the Celestial F.mpire officially declared war against Kng
land on the 12th of September.
By the terms of a con rent ion concluded at Montevideo
an the 23d of June last, between the Charges d 'Affaires of
France and England on the one hand, and the government
of Uruguay on the other, for the settlement of French
and Fxglish claims for damages caused by the war, a
mi*?d commission is to assemble shortly at Montevideo to
take those claims into consideration. A delay of three
months w allowed to persons residing in the country, and
M four months for those out of it, to send in their claims,
after which period none will be received.
The detail* of the vote by which the Swedish Diet re
reeled the royal proposition relative to religious liberty,
?r? published. The Order of Knights or of the nobles re
jHCtett the measure by a majority of 137 to 78. The Order
of the CI rgy rose iu a body against It without having re
course to any vote. The Order ul" the Bourgeois had
thirty four for. and eleven against the proposition : and
th?- pe.'uanu seventy nine against and twenty wie for it.
The inauguration of Sir R W Garden us I/ird Mayor of
london took ylace on the 9th of November, a.id as usual
the occasion was marked by a grind banquet at Guildhall,
at wh eh I .< J ) almerstou and all the leading members of
Use Cabinet w. re present. The Premier, in returning
tbstks for the toast to Her Majesty's Ministers, spoke In
evloftrtle terms of the gallantry of the British army In
India and the success which was crowning their efforts.
He also warmly defended the conduct of I/trd Owning,
the Governor General, and stated that there were now art
many men in arms In Kngland as there were before the
mutiny broke out. notwithstanding the great shipment of
troops to the East.
The English Ministers were all assembled In I/*fcU>n,
%0'1 the Drat of a serice of Cabinet meeting* to determine*
c|>on the eourae of govcrnm> ut at the ensuing wsumn
nf Parliament, ww held.
A weekly oommnnieatlon In t<> be established with India,
'.be Higlmli government having agree J with the Peninsula
and Oriental MMMMshlp Company as to the details.
A Russian war Hteamer h;i- been lost In the Caspian Sea
The captain, three lieutouact* and eighteen men wore
druwued.
There la no truth In the report circulated that Signer
I?bUche ha* hart an attack of apoplexy. The great
artuu la now residing on b? estate near Naples, and
i? In much bitter health than he baa enjoyed for *ora<'
tune part.
The 'teamship Asia arrived at Liverpool at 0.30 on the
mnrninK of the Mh Inst
The screw steamer Antelope was appointed to leave
Liverpool for Portland, direct, oti Thursday the l.th in-t.
The steamer Kangaroo arrive*! at Liverpool at 0 o'clock
m the morning of the 11th lnnianL
IMPORTANT FROM INDIA.
The Kngllah In Complete Po? e? Ion of Delhi?
larrrnrtrr of the King? Death of Of nrral*
Kh ho I son Knit Nell ? Relief of Ltteknow by
Hurrlnrk-PnriaH of the Hepoy* ? lie volt In
the Bombay Pratdenry.
The following telegraphic despatch wan received m
morning of the Hth iwtact, at Lbe Foreign Office, Ion
ter ??
Aixxarmua, Vov. 8, 1*67.
, The steamship Rtndoetan arrived at Sueg from CMcutta
cm U><- 6th tnet, with Calcutta dates of Mh. Madras 14tb,
and dalle i*th of October.
The steamship Emeu arrived at Sue* from Australia 00
the .Vt met . having been on ehore near Aden.
Delhi, which fell Into onr hand* on the JOth Septemb?*,|
waa entirely occupied on the fist, and the whole of Iho
?n*?ny expelled.
In th? Mean It of the 14th <11 officer* and 1 ,178 men, be
?ng one third of the storming f??rce, killed and wounded.
Oeoeral Nicholson had died of hla wound* on the 21rt
The oM King, "aid to he 90 year* of age, surrendered to
rkpt Hodgson and bis cavalry, about 15 mile* south of
Itolhl. lie wae accompanied hy hla chief wifj. Their
tivea were spared Two of hie tone and a grandson, ale >
cafttnred hy Ospt Hodgson. about Ave mllee from IMhi
were ehot on the ipot. and their bodies brought to tho
cny and expoeed at the police "ffice.
Two moveable columns were <lee patched from Delhi on
the tad, in pursuit of the en-my. By aecounte from Apr i
"we column appear* to har ? reached the neighborhood of
Allyghaor, and the other thai of Muttra, on the 2Rth of Sep
Wtnbev.
General Ha v lock, with 2. 500 men. crossed the Ganges
from Okwnporo, on the 19th of September and relieved
I eeknow garrisoif on the 3ft'h, just as II wae ready
he blown up by the besiegers. On the 90th the
?nerny's intrendiment* were stormed, and on the 29th
* hrge part of the city waa taken. Four hundred and
?fty killed and wounded.
(ienersl Nell wae killed.
ihere hae been a slrbt riemg of lb* rebels near Nas
eack in the A mbay Preetdescy, In the sappreaeion of
whKb l.ient Henry, ol the polk-o, waa killed.
The Ma. I ras troops defeated th# mutineers of the MM,
neat K?-mpleo, and hilled 1 to. a native of Ricer and *
?epoy having bee,, convicted of treason, wero blown
away from the guns at Rem bay ,m tAe 15th October.
Predatory tribes In the Punjab, between Moultan and I
, l*h<?" had given some trouble lately, but Ute d'aturb
aace av^ tra lo bars been suppressed.
0C8FATCU TO m INDIA HOCtfR.
JkucxAWonu, Nov. 6, 1S57.
I>lhi wan entirely tot our pouuesmon on the 20th of Sep
tember. The King and Queen captured on tho 21st by
Lieut Hobson. Two of the Klng'tj hoik were killed The
mutineers have gone towards Rholcund and Muttra, and
some to Oude, being followed by our troupe.
Mr. GreaUied , Commissioner of Delhi, died on the lttth
of September of cholera, and Gen. Nicholson on the 23d,
of wounds received in the assault. Locknow relieved
September 25. Our loss wan severe?about Ave hundred
killed and wounded.
General Neil wan among the killed.
The relief wa? just in time, the enemy having advanced
tMkr mines, which would have placed the garrison at
tlletr mercy.
The Maliva country is in a destitute state. Bhopawur
has been burnt. Forces are moving towards Mhow.
All is quiet in Scinde, but the slate of the frontier id not
aatuifi-jctoiy. *
General Jacobs proceods immediately to Scinde.
There has been on outbreak of Chcc)e6 and a plot dis
covered in Bombay.
The Deecan and Southern Mahratta States are all quiet, ae
also the Xiz&nui country and Madras Residency.
BY TKLBOHAPH FROM LONDON.
Litoipool, Nov. 11 ? P. M.
Government has roceived telegraphic advices a fort
nighi later from India.
It in confirmed that Delhi wan entirely occupiod by the
Europeans on the 21 Ht of September.
The old King of Delhi surrendered , with hin chief wifo,
and their lives were spared. His two sons and a grand
son were shot.
The garrison at I.ucknow was relieved, and a large jiart
of the city taken
THE MONEY CRISIS.
Another Advance In the Rate of Interest?
Kxtenstve Failure* In London, Liverpool and
Ulangow ? The Crista on the Continent.
THE LONDON MONEY MARKET.
[Krom the I/>ndon Times, Nov 10.]
The Bank of England Iuiiy to-day ( M<mtlay) raited their
charge for discount from 9 per ceftf ? which was aJujiedon
the 4th imt ? t? 10 per cent
Thin movement wan considered certain, and regret may
lie felt that the last change was limited to a lower point.
Whether it will prove sufficient to cheek the deiermina
tion of each discounter to provide himself witli two or
three times or much as he wante. is doubtful. While a
cry if attempted to be raised that the rate now reached is
such as to create intolerable inconvenience, the demand at
the Bank shows each day that, so tar from creat.ug incon
venlence to the trader in providing for his orumtry re
quirements, it does not even produce sufficient effect to
prevent him grafpmg at an uunecesi-ary amount. Tho fact
is, no one with sufficient credit to obtain discount at all
cares in the least about an additional 6 per cent for
a month or two. For a single month the difler
ence is He. 4d., and every oue feels that be lore
the lapse of that time the worst of the trial will be over.
In rigid justice, so long as any uuinbcr of tlio mercantile
body are found to play into the hands of the panic
makers it would be satisfactory to see the rato carm-d to
?20 or 26 per cent, or any |>oiut that would at la.- 1 be re
garded at an outlay not safely to be Incurred in unreasoning
s.i tidiness. Tbu# far let it be recorded that tho working
of our currcncy system has been perfect, and ha-i upheld
us ui a position to command the admiration of the world.
Under no circumstances could any currency system be
open to auy other than two objections ? tirst, that it has
led to a rate of interest which no ordinary merchant
could even temporarily bear; and, secondly, that ttnot
only has led to a crushing rate of interest, but that it has
caused the necessary accommodation to be refused
even at that rate. Will any one venture to say that
10 per cent is a ruinous rate ? In common times In
the United States this is aliout tin average charge,
and it now ranges there betwuen 24 and 00 per cent,
our own idea of a full rate is 6 per cent; but surely the
lowest profit* of our business must be & per cent, and hence
a temporary sacrifice of profits must be the worst that
can occur from the payment of 10 per cent. The effort*
therefore, to create fright by pointiug to this charge would
be ridiculous if they were not dangerous, but a siugle lu
natic in a crowd ot ten thousand sane people may throw
everything into ooufusion. With regard to the " soeond
point ? the refusal of ac?ommodattou at auy terms ? is any
one prepared with this complaint? S> far from accotnrao
dation having been refused, it lias been extend* 1 The
rtiM ifUntt <f th< dank during the past threr mtedct hatf b> en
Jar hrynd their usual Itmi/J. and thr notes in th>- han-it if
I thr f utile consequently ?*' . rit Uy a milium or tuxi the U4a I in
tite a year hick when prices of pmluce i eere about 30 percent
higher and our t ran* a tion* were bring enlarged in all di
rations The only twochargi s, therefore, that could ever be
available against any possible curreuoy system are not to be
heard, and the whole that the clamorers against the Bank
Charter act can allege is, that at a ttBie when all trie
civilized uatious of the earth are frantically struggling for
bullion it has enabled the British public, instead of suffer
ing from a contraction, to enjoy the use of more than a
million in excess ot the highest amount I hey ever really
want, wen when trade, instead of undergoing, its at tins
moment, a rapid contraction. Is steadily expanding if
the Bank Charter act ? which every man with a sense of
national pride should strenuously uphold ? is to be threat
?Bed. let it be clearly explained in what point It has
failed. That it may fail to keep off |nnu: when in the
midst of a storm, tiiere is a determination on the part of
a multitude of UMurista disappointed by the recent ex
posure in Parliament of their silly crudities t. produce It,
every one knows, and a time mignl .xnn- Alien. a fitting
infliction for their dupes, it would he gratifying, except
for the public disgrace of such an event, to see their
wishes (minted. If in the midst of a rush for extra and
unneeded aooommodatmn at the rate of 12 or 1ft per cent
a government letter could have the effect of stopping the
mania and sending the rate back to * the lesson wooW,
perhaps, operate "ti those who had Ovcrprovtde I them
selves at the enhanced price with more force than any
argument.
The tundf to day have again shown a doirree of i
nea* that indicate* in a remarkable manner .otonly the
general feeling of i onflili in c whk'h, notwithstanding thn
*evertty "f the crtala, Mill prevail- through, i it the ooub
try, bat al*o the ibtuwluw of capital available Tor ail
mmm mvantmata. The intimation of th? futan of
Meaara. Denuiatoun exerciaed do other effect than
that of cau-mjr ton*ol* t <? open at a decline of
nn eighth. an ' the movemt-n* <if tb<' I ante to tO i>er
ceot j?r< ? only a further full of a quarter, from which
tbcre ww ultimately a reaction. The Brat tram
acltow" In < <>n?"ls for mm| were at MJi, to Thry
ib< n remained for aouM lime al MS to *4. whoobe 00 the
breaking op ol the Hmi k Court there wax a decline to H* ?, .
*U<r-k %?ttig nffi rwl at that price. A partial recovery *<?>ii
uecttrri-d. and thn laat ope rat, una were at *? ^ f<?r money,
and CV to I, for th'- "th of T)ecemt>er. After regular
hour* there *?> a farther imprm emeat of nvwc than an
eighth, although the failure of the Wnxtern Ituik of rtroi
lund then transpired flank alock clowed at '20<? Ui 'ill re
din ? .I ?7 v, Ui i? . new three per cent*, *TS 1" V India
*t<* k .10 to 213. India t"Dd* . AO*. to 4<>- 1 i-eount , and
Exchequer lull" 'Jim to 17*. discount Ike fuethep I rin
graph %e mMca fnm Amrrva received in the city lAw of
teetu 11 N prtrfmced <1 p??-< effect.
The exportation of stiver to tht Vju-i ace ma u> have re
cetved a complete che< k. At pfwnt -cwroely any thing
te engaged to go hy the next HtoaaMV, except the ?*fcl,0(J0
on at i ount ot the haat India Com, ?i y.
[Trom the Umdon Tltitea, Nor 11 ]
The quotai,.? ot gold at Part* i* a lout 7 per mllle pr #
m'-im. and the abhrt exchange on loodon M tt 3i.H P*r
?1 aterling On<omp*rmg theae ran n with liie Fjig i*h
Mint price of tei IT*. 10 S?d |?<r ounc- 'it standard fold. It
appear- that gold to about 1 1Mb per coat dearer iu l*ar?
than Ut I nndcti
Ity Mlvtoe* fro? Hamburg the price of goU In 434 per
mark, and the ahort cx< Imm* on Loo don in 1.14 s per tl
aterlmg standard gotd at the K.uglwh Mint prtoa i* Uierc
fore rearly 1 10th per cent daarer in Loudoa Uuut iti
Hamburg.
The quotation of the 'xrliange at New York on Ismdott
for bill* at ?>0 day*' light in start 1<K? per cent fiw It rat
Cl<w t>aper. bnt pru ne much below th it are named for
o?h?r?1e*cription* The rtee in the rate of tltnoowrt h'-re
MilO^ereent will, however, prevent any profit oa the
?tin?mi"KMi of gold from Una roimtry If a tutnparteou ut
made with theabore |irtoe of ItKt Mr cent.
The funda have ah<mn absolute buoyancy to day. (Taea
day.Nff?. 10.) and hav# cloned al a further OOWkterahle
advaM*. In mercantile qturtera. alao, there baa perhaps
been rather leaa nnettlneea, and the tendency to a partial
recovery nt ronfldenre would tvive been stronger but for
? manlfi'*tatiou of hanking dirtrnet at tila^gow, in ootue
quencr of the c!u*ing yesterday of the Western Bank of
Bcotlaari The attempt^ to ereatc altrm at tbn high rate
of dieconat, tn order to niitatn an unlimited laaoe of notea,
aeem to have dim ;n wheel, reKfiectablfl traders l>eing un
willing to aTOW l iilier that the) are ao deatitute of rapt
tal ax to b? aertonaly imperilled by the e tinting cbirge*
or that tbelr object Ih to induce the gov emment to rro?te
an artiftcial rebound in (he pru ea of produce at thecost of
the coiiKumer. t<>ti?<>la for mone> . wha h let t ml yrwtor
da> al "as - were Brat quoted M4, ti> Moat at the
broken betng huyrra of at? rk on behalf of the public, a
further advance then took place to W? Thi* waa
foikiwed byareaitein to t?*\to',.at w li h they re
?tamed to the official cloee. hut alMoat immialiateljr
aflei warda tranaai tions occurred at *><', to S9 for money,
and to \ tor the 7th of !???? ember. At a later hour
ther< ana another audden adntxit), and barga na wcro
effe< ted for the areoont at The DuhI price, however,
a ia to JK> The temporary rebtps(- tn?m the ttrat n?r
tn the morn In t; waa conaequetit apod a denund for gold
fcr tran^mlaaion to hanka ut tilaxgow. wlnle to explain the
ultimate animation % variety ol minora wern circulated,
among which waa on" that a decree bad be.-n i.wiued in
Paris for an immediate ln< readh of the circulation by
mean* of atnall not?*a, and aaother "that (tie ijpMtod
Indian topdekw bail arrived, and were of a very lavora
bk- 1 haracier. f?ne aolution consisted in the atatement
that some ntnntwt* of a lock will have lo be bought buck
finr a apeculator who baa been aalltng heavHy , m l ? bt?
will he unatde tomorrow lo meet hi* dilfrrenroa
It waa nettling day . and in the flock exchange during the
arrangement of khe a<-c>.iint the rate for loana on gorern
ment se, uritlea waa about 9 per cent, but at a later hour
the demand I ik reaaed. Bank ghn k lefl oft at UIW to 211 .
Redm ed, IT W l<> tavj, new Thrae per OdiU, as to ||;
India at<>. k, 310 to 213. ltidin bonda. Ma. to 4o<< dtacouni
and V'Jtcbequer hi I la. 24 a. to ITa. dtarouM
There ?< re m> told withdraw ila from the tiank to-day
fof tijvrtaltoB, but w < mgug to tb? amount of JU>W,0W)
or ?400,000 wore token for transmission to Scotland, tbe
fall of liif Wok torn Bunk having caused a run upon noma
of the other principal hanks at Glasgow .out elsewhere, in
cluding oven the savings bank*. It is reported Uiatamoug
the leading merchants in the north toe announcement
Of the event yesterday created neither surprise nor agi
tation. The temporary inc*ii vouieuce among depositors
and note holders must, however, be extensive and severe,
while the shareholder* , about one thousand throe hundred
In number, many of whom arc women and per ho as of
small income*, out of trade, will, it may be feared, in ?e
veial cases suffer almost complete ruin. The fixed uhuo
allowed to the bank under the act of 1844 w.u? ?137 .WW,
and the extinction of this, estimating a reserve of oue
third in gold to have bevn kept against it, will be equiv t
lent to a contraction of ?'?2b,vi2 in the circulation of the
country? an event aa undenrabie at the moment aatiin
loss of so much bullion.
A circular was addressed yesterday by the manager of
ibe Western Hank <>l Scotland to the various agents of that
establishment, notifying itn stoppage and explaining the
circumstanccs which had led to the disaster. It is ail in t
ted that for some years past, under the laAu manager, a
system of overtrading has been carried on through the
facilities allurdtd by the system of redlscouBting.
luxklps credits were, given f? customer* tit (Ibuguw. and a
correspondent in .few York was alUaoed to >imC ivlnatw*
on securities and la draw bill.' on the bank Irately, ou in
investigation being instituted into some of the largest ad
vance account#, it was found that the houses to winch
they had been made were utterly insolvent, and that a
large lots to the bank was iuevituble. The debtors went
into bsnkruptcy, (he America n panic came on at Uij same
time, depueits began to be withdrawn, and. dually, when
the hour of prossure arrived the usual result was witness
ed, and the lirms in London who had hitherto promoted
the financial system or the concern suddenly found
it expedient to discontinue the rc discounts oil which
it had relied. Application for assistance was then
nude to the lVink of Scotland. Tin: Bank of Scot
land consulted the other Edinburg hanks and the Union
Bank of Scotland, who declined granting any aid until an
appeal had been inivio. to t'te Bank of Kngland. The lUnk
ol Kngland,of course, refused to interfere. The Scotch
banks then offered ?*00,000. but on condition that a wind
ing up should tkko place. This was peremptorily resisted,
and the ?600,000 wits ultimately g' anted without cundi
tion. During the delay, however, many of the customers
ol the bunk had begun to withdraw their deposits, and an
application lor further aMistance was soon found necessa
ry. This met with a decided negative, anil the stoppage
accoruingly took place. The. directors do not give up all
ho|)e of the possibility of a resumption, and a general
meeting is to be held m <<la: gow at an early day. Mean
while arrangements are to be attempted lor the retire
ment of the not? circulation, and if possible, of small de
posits.
Foreign stocks have been moderately dealt in, the only
alteration of importance being a recovery of ahoutone
half per cent in Turkish. Speculativo transactions con
tinue limited.
In the foreign exchanges this afternoon a considerable
rife took place in the rales upon all the priuci|>al place*.
In most instance* the (nmtaiiimt sho wd a wide, range, in
ferior paper being regards I with great d entrust . awing Ut the
serious dijficulties occas ioned in all jtirU of Me outline nC
try the Am -man crisis
The privaf letters from New Vork by the Asia are all
of a better tone than the newspaper accounts. Owing to
the influx of specie the banks were believed to content
plate resumption at a very early date Annexed is an
extract of a letter from one oi" the soundest and least tau
gmne merchants in the country: ?
The spccie now on the way will not nmke much, a*
sterling is very scarce, and no good bills can be baduiu - .'
lofi to Inf. it ml I expect next week they will lie I UK tfpoei.!
Is worth only shout iiur cent premium. 1 am happy to say,
w ith the exception ol the dry fools Interest, there is a better
feeilsg IB all branches of trade. The wholesale grocers ?n;
doing more business, and the bauks diseouui more freely,
t.ot, as a mutter of course, are very careful what paper th-ry
lake. If nothing very bad eomcs from Kngland I think the
worst is over. Should we receive within th" next month half
? million sterling in gold from Kurope we shall have u> ship
It back again In January.
At a meeting ol the in uiiigcrx of the I/indon joint -dock
banks ttob afternoon it was resolved with one exception,
not t<> it, cre;u-e the rate of allowance for deposits beyond
the existing point of 8 per cent. The Commercial Kink
will gram 9 per cent on the deposits at present in its
hands, but will not allow more than 8 upon any that may
be brought in future, the London and County will
give only 8, but will offer its customers (who may
have expected it always to follow within 1 per cent
of the Iiaiik rate of discount) the option of receiving
back at once all they have already lodged. Messrs. Over
end, Gurney k Co , and other leading discount houses,
will limit their rates for money at 8 |ier cent at cill and
8*4 |ier cent with seven days' notice.
The raitway market ha* boon depressed, especially at
the close, owing to large tema f<U -ale? on account of the
failures in the North and the position of the Scotch bunks.
I luring the present pressure dealers are disposed to hunt
their transactions, and hem< any forced realization, Uow
ever small, occasions a reduction. In AinTicao sec iritics
Illinois ('? utral ami Pennsylvania Central receded. Canada
Government bonds were also quoted at a reduction of 1
In mine* the late advance m Alfred consols was not fully
maintained Joint ~t?x k bauks were <iutet. In unscadla
neous securities Kuglrnh and Australian Copper, Crystal
la luce. and National Itiscmmt declined, and l>>udon (?euo
rsl omnibus showed greater firmness.
yrOTATIO!** rOR j(*KRt<W RAILWAY*.
Railirayi
I'lntitijl f'rti
"nTuTla
70 to 73
70 to W>
lrito 12 flM?.
7ft to M
76 t4i HO
10 lo 100
45 Ut 66
S7 to M
: 6 to '.6
7(1 to HO
Ht; lo mo
70 U) 74
M to tfi
40 u, 50
18 to H
HO to R4
h.i U> M
HlMtlM H Ikn
lllaiota tVntrai ?'?, lh"6
l o. 7 per cent, 1R76 | 70 lo 73 | 73
J>o do. f. 1. 1H00
I>o. $10<l *ha. . $40 |*1 | Id to Igdto. I H 16 dn.
Mm hlgan Central R'a, ltWtO. .
Ito. 1 W9
Do. l??? (*ur)
I>o. #100 nliaroe
Mich. 8 k V lnd , 7'a, '86
l>o. #100 share*
X. York Central ?'k, 1RS.1
I ?< ? 7>, 1HA4
Ik>. Ilnf ahirey | 70 lo 74 | 70
N. V. k Erie 3d ml 7'a, '83.
Ho. (a I fu ), 1*76
I)o. 1 100 MIM
l'etin.Cen. IVln Ut mt. 6*.
l"o. ?d luft. , 0 aterg
(From the LobHoo Chronicle. Nov. 11.]
Each duy now tells with increasing force what the real
meaning and effects of an unprecedented rai< of discount
is titling foe the commercial iatereets ot this country. Sa'e*
of produce are no longer ptwatble except at ruinously ,ow
(irlci B, supar tor Instance being down In price from 'J0?
to 24c per cwt., or CtO |ht ten. Saltpetre, rice, nvula,
and other article* but coffee, are alNO down conaidet ihly
Tlie rtieii mule InlnrNti of ibe covatr; cwmi fall to
perceive that wo are a* we have long been, lighting in
their defei.ee against the evil* of the P' mmM bank i barter,
and that w thin the last woelt or two, ouraelve* aud the
cluimpiori id the ljondon prena oi that charter, have
brought forward aimoai every argument for and against
wlucti bear* upon the miojert. The hour of trial, how
ever, to at band; there to an increasing pressure again-t
which the bank charter la utterly |>oworlc*8 to aave the
country
tmr cotemporary to day write* ?-'Will anyone vent ire
to aay that 10 per cent (duo ount) to a ruinous rater" We
answer both )e* and no
It I* not rumoii* in itself aa a mere matter of no mnch
per cetit f?.r the 0?e of fimney? certainly not--bnt It w
ruinoi- by rea.-?.n ol the effort* it pro luces It i? a fart
that the tmnk t* throwing nut bill* fiom each batch pre
settled for difKMint, on the plea, It will be *atd, that
there to *u*ptr?m *tta< bed u> them. In aome miim
lit ip may b? ao, but not in all. It t* a fart that the
present rate ol 10 per cent fl*e<l by the Bank of
England shut* out a large number or pertooa from
dtecount altogither. li w a f?t that Una high rate
for money hi- ao C, implicated businee* by increasing the
dtilk ultie* of obtaining assistance, that pre! iter K l;
(M*r if"trn fra'fvllf in pricr, ikr fall in lUffttr
tftft nlny ann inriap bring fr>m ft*. I<> 10?. ftrf rwl .
aril it R morally certain that shortly nomr produce
wiU be unsaleable at any reasonable Inre, indeed, it is
an already in the > o? sugar It ia a fact that tk* pr.
tti.i rrHriftirmt <tt' l-r\nfing fUrum mftraMxU htturi right
ami I- ft; hoti-e* aound to day are rotten to morrow, He
i ,ia*e oi the non payment ot debt* due to them tt in a
luitber fa< t. that all thai commotioa. and the rfcw In the
rate of di 'ount, i* almply Inmi?? the hank it lining gold,
and la tryii.g to et?>p the 4rain It i? n?t with the view ?r
arreetUig *peculaiion. which. If allowed hi el tend, would
creatJ i-ommerclal liiflwultle*. lU rffrrtt, hnwrvrr , arr u>
/crialyc triuU, amd far*' tt/rm i u ? onwaircvi/ rrtto,
tcktrk it turn' \nntltiUt. tbir conlemi'orary Turtber oh
aerwa? "A tem|?irary aacriflce of |iroflita raunt be th? wneM
that <an occur from the (layment of lo per cent.'' Were
the matter no more than a in or 12, or In percent charge,
tin* would be true, bat we have J <*t ?bowti that It m not
a qw ation of no mm b Alecoutit . wht'h *?Mjld, in a't, be
paid by tl?e C'ui?umer, but of the destruction of both ca
pilal and proflt* It I* in rain to *hlrk the plain and real
qMlUol l?<fore u*. S'phwtry av 'r ?o pl#o*ible, r*nn ??
hide tti* alartlltm facte before u?. the reeulU of thH high
charge for dt-oounle, to which the commercial internal* are
indebted t?> the book charter.
The market for the hngliab ftinded ?ernniie* haa been
extremely buoyant to day, not withstand Dg the vary tm
favorable *tate of affair*. The market for :-on?il? opened
al Wt?, for m?mey They went up to W4, and back to
*9%, an 1 finally be ame *till more b<ioyant very
l?te tn the afternoon. For the Proem her account,
fixed for Uie 7th , they were operated in at
down lo M1*. and tip to W after thn
regular houra of btwlnes*, and flnilly were
quoted at RM to R#JI| for money, and R0?j( to RJ?|( for the
accnmi. Tli?' cause* of ihm extrmrdinary rwe were
?eversl The aettlement of a heavy hear MM mint in the
tlr*l of the exi dement waa the primary can*e, followed
late m the day by the annonnrement thai the Aaanr.ial
difllf ultlee In W ince are to lie nv t by the 1-t^ne of 6<?f
notes, and a report of the Indian news being in with ac
Qount* c) tk - relief of l.ucknnw. atel th< entire aupprea
Won 1 1 the mutiny, and lactly, by n large account of con
an I* for about ?160, f*!0 bring bought In againat one of the
vjiecolator* for the fall. The commercial at>pe. t of alf nra
eld not appear to have nny weight whatever with the
dealer*, who apperred incline | to Iganre the existence of
any pre-rure <mt of door*, or the probability of further
coromorvial dim tera.
fFrom the l/mdon Tnet, Nov. 11. J
Tlie aettlement ot the account in the Kngimh fin Is ha*
chi> fly influenced the rtarkct lo day, and the ten leticy of
price* b*" been upward*, in consequence at a<'V>ral
'?tw-ar ' account* of magnitude having bee* closed. The
etp- ctatien of the receipt of favorable Intelligent-" by the
mail from India, the telegraphic nummary of Which to
now ho i#y exjs'f let! had the effect of atrengtlien ng the
ume of the markat ilurmg the greater part of the day md
prwn were at one lime ni>arly per een? above the
? kieing quotation* i,f yeatrrday Culisrquently , how< ver,
a report'obtained cofrent v that the propriety of a further
rtoc in the rate of d ount waa under the consideration of
the bank authorise*, uid the market left oil rather hrnvily
?t the dosing (|unt?i en? of last evening, f or money
?OtiMto have bi'-n dealt in at *''??. ilj^
gn<l for thy cow account, w Uit.U ?\inaiviic?4 today
and will terminal" on tho 7th December, the dealing* havo
been at ft'.i', >j '* >? V; tho. pricon at tho close of tho
regular bu^me*s be.n? M?V \ r..r money, and ^ for
the account- Afterwards th.-i?- was h little more firmness,
iiOil consuls left ott at ,iej nearly as pos-dhle IWillk
hl'M k has b?*u sold Hi 210 11, *11, 1 India ?t'H k at 210 TTie |
3 p??i oenU reduced mark 8'i S' &?*' 7??. and llt?* uew 3 par
, oo| it* R7*? S H. Tin? l?jug Annuities, terminating In
1W0, WdeiuwjIJ; lints*- fo; 30 yjurs, expiring lit th
same period, 2><; uwl those fur ;10 yearn, ending iu IfWV
17. Hie Exchequer bill mark'-l luis auain been much do .
pressed, tho bills for ?l ,000 having boon sold at Us. and !
?24k rtis- ; those for ibo o .it l"< and (he small bills at j
and 17s. Sjuio Inuuicm touk place in the Exchequer '
bonds due in 1669 at 07 V
The advar.cn of thn rate nf discount to 10 per cent by the
Bank of Kngiand yesterday has not boea attended by the 1
slightest diminution of tfi" pressure on tho establishment
The discount IiOOikm au l tli? joiat stock banks appear to
be quite ai a los? what to d<> with resjiect to the allowance*) !
t<> made ou money plac- d witii thom for employment.
Tho chief uf the joint stock buAks (with the exception of
the Union Haiik of London) Lave dccidcd that on money
placed with them previously to yesterday they will aliow
it per cent, but on all amount.-; subsequently rMMiTod, tho
rate of intnrcst Rhail bo ? per com under the minimum
rate of the Hank of Kngiand The Ixmdon Discount Oom
jaoy gives (*y per cent tor tuouey at call,iuMl 9)^ with
(?even day*' notice, whilst thu National Discount Com pony
decline to take money at call unions at lower terms, and
allow 9 per cent for sum? at short notice. The older dH
count establishments, it is understood, have made noal
teration in their rates, and are well supplied with money.
SUSPENSIONS, ETt:., IN EUROPE.
[From London and Uvcr|iool papers to Nov. 11.]
In Liverpool two more laiiurcsare announcod, the tirms
being these of Messrs. Douglas and W osteon, merchants
and shipbrokor*; and Mr. A. fc, Byrne, who la engaged in
tho Canadian wood and shipping trade, lloth houses wero
r expectable.
The acceptances were returned on Monday of Messrs.
Uoge and Williamson, of Liverpool, correspondent* of Wil
liam H jge k Co., of New York. The senior partner was
considered to have large property in America.
We rog ret to announce that Messrs. <)glo & Co. , of Pre*
ton, who have been extensively engaged a? engineers and
iron shipbuilders, havo tins week suspended payment
and closed their works. We cannot learn with correct
nees the atuouut ol' their liabilities, but a meeting of their
creditor* will be held in Manchester on Tuesday next,
when we shall Icatn the exact amount. The (Stoppage will
throw out of work several hun lred hands.
The satisfactory Intelligence has been received from
h'bfAeld, that the liabilities ol Messrs Nay lor, Vu leers &.
Co.,iii8tcad of amounting to 11,000 ,000, as reported in
some quarters, do not exceed ?460,000 or ?500,000, iuid
that tin other Arm in the district is likely to be brought
down by their suspension. Some of the princi|>al creditor*
are in *? weden , and the only ri'it? for delaying till the
24th instant the meeting at which a precise statement will
be presentt-d, is in order that representatives of those par
ties may be present. It is understood that the stock of
iron held by the (Irm in Amerita and Knglaud is worth
?*70,000, arid that every debt owing to them ill America
is ot a character on which any sound and prudent hoitse
ro t ht have implicitly relied. Tlie blow, thorefore, ha*
been one of the most sudden that h.ts ever fallen on any
Biercantile establishment, and it is believed that the en
tire proceedings connected with it, instetd of damaging
the future reputation of the partners, will add to tho con
fldence hitherto placed in them.
The suspension of the firm of Hennistoun t>). t'mk
place on Saturday, the 7th iie-taut. It is one of the l.irg
est 111 niri cOBtiected with tliu American trade iu Great
Hritain. Their liabilities, it is feared, cannot bo much
short of ?i, 000, 000. These are spread, however, very
extensively . and it may tlvrelore be hoped will not fall
ou any particular district with stu b force as to cause
further heavy disasters. Me-tsrs. l)oiiuist<>un have houses :
in New York and Sew OrleaM, ami the almost total
cessation of remittance* froo< those points ha* rendered i
their st< ppage unavoidable. The head establishment is iu
(iht-g' w where it Las existed upwards of seventy yoars,
and tliore.are brain In * in Liverpool and Ixmdon. At Mel
bourne, in A us ti alia, they have ?s ? rre*iHindenUi Messrs.
Deunistouii Ki others k Co., hut happily that Arm will not
l>e compromised. The private property of the partners iu
real estate and other possessions Is known to b'' of great
magnitude, and it -cms scarcely possible that even under
the worst ctrccms Unoes the:r embarra-isnicnt can be
more than U'ln ? iry. Aj though anxiety has been felt
with regard to tl.< tn for several week* past, their honora
hie standing ha:' never for a it: iini'iit been ealled in que*
ton, and there will be on all sides a disposition U> pro
mote every arrangene nt that may bo calculated to lia-i-n
the |ioesiliility ol a complete resumption. Subjoined U
tho circular issued:?
Nov. 7 ? Wf have the painful duty of Informing you thai I
<?ir eatabl >Lllirnti ill till* ruuulry aie obliged, by ihe nlm'Ht I
entire auapenaion of in-ir uhu O muitUHM from (bf llmtwl
st*t??, lo io>k ><iu mill i In- r other credHom to allow ilvm tiniii
for the pu> li>' ii of ih-lrdebia. Tin- neceaaliy h *a ?ri?ei? *?>
recently out of 'be monetary crtaia lo America, that It ia not
in our power wi *ay immediately what ladulgeace We may
require, bat while awaiting farther ulvleea fron> abroad we
will pluo our book" tn Ihe linn *e ? >1 w. I! known aocountanta
tnl.tndon nnl (ifaumow, *.ih? view lo pr?,>arii full nuite
np'tiio ol our affair*, and we pmpiac railing a innetiug of oui
.?rt dl'ora In lioiidim "n ihe carlo-at pmwtbTe (lay, wh-u we
hope to lay before you aut b a propoaal aa will incut witb your
n|>l>rol alion
tiurbnaaeaof liennntoun, Wood A Co., ?f New York. ami
A. and J llcnii'-.uuii A ("o . ol NV# Orleana, ?n' Mention)
weh th?- bouaea in (irrat llritaiu bu' 'h ? home of 1 tennis oun,
Brotle rr A Co , of Melbourne, la a iIMIikI emtljlialinicuL
J A A HKNMHIOI N oftiiaagow.
AI.KX \NI'I- H l?KNMHT*?t'N A <o , of Ueerpool.
UKNNIKTtll N. fKueN Aid, ot lam Ion.
On lion lay the auapenaion wax alio announced of
MMrt, Bronooh, Tw.'iiiymnn anil KikK. Of London and j
MinrbtrW, a rt-)HM table hiwiw, largely engaged tn tho
Mlk trade a- agent* Their lulilhtie* range from ?.''*l,0" '
In JUitiO.Mxi. and tber fall, it i.i aai I . will probably m
volve thai ot four or live (trtns with whom they are i:ou
Heeled in the tiimuifiu lui ill*, diatt icta
The ogive* of the difficulty are stated in the ana-sod
nrmlar:?
M> Fmn.?v ?m*tT ti? don, No*. 9. IW.
We are re?]ue?'e?i I y our rib nt*. HennaOh, Twen
t> man .V Rfctf. of Wood at reel, In tola ,uty and of Waif 'heatar,
to Inforat yon tint. In eonaequrn< ?? of the heavy h.Iudwh
tb. \ have made apoa good* ipHally i re pared for the vme
i iran and o'her market*, for which there i? no prewnt d
tnand, Of lo^?.'? *u?talue?t Oy re. .nt failure* in the mimifac
turin? dta'r < -e. and ol ihe a tul.ien depreciate m In be value of
ailk.ofwhi.h M' ??r? It* nao< h. Twmuinau A Ktgg arc Urge
holder*, they are compelled to .tnnmuce their inability u>
Bret tbeir ? iKif' tnrn:*.
Meeera Parirtngion. I .adbnrj .1 . of K ing utree' account
aaU, have been laatracted by the principal credible* to e>
anuto Meaeea Kennoch A On.'a in?ilia and prrpnea aide
n rni of ihrir attaira, ?hirltthey will aiilunit n? e irly a? p >a
aibt* to a general mccttag mt the We'iktora, of which 4uo no
Uc< will lie glvru to smi
KKKI>, t.AK(iroHI) A MARHUKV,
Another hotuo- tn lie addeil |u III' lint lit Uint of UoMm
Iirotwlwiiy A liarrliiy, K'ict Jmiia iui I groeral tnercluiit?
T lie liabiiitMM Iti iWa caa? at e HupytMati to resell 41*0,000
or t'/OO.utm Iho flaaaea of the Mupiwgo are a it rioted,
but it (nay be nup|? ?? ed to lie OMMCtod Willi the decluio
iii all a< ti< lea ol piodure.
Hie b'tU'ia from Main he<ter ftaU" that th* firm of
Mnaii Hiwlfiiy l*aMi?iai > f'u , tain n printer- and mer
thMU. ol Maurhe*tt r anAtilanguw, haa UiU-d, with mu
?nlerabla llabiltlie*.
It la a verted that the bill holder* under the <-?Ut<! of
V< ?ar? . Ttaatim, llngglax W ar< A ' <? have acr?X'd to ?r
<? 1 1 the term* propped at the prt'\ kiaa meeting, and tlmt
the (aweraot the tiji?pertor- hart Imm'u more clearly do
ftlHO
The er#?lllcr?i of Mwari W k- 1 Summeraklll, aillt mi
nufw luri ra, have rii eiv<i an otler of in tbn pouud,
|a?) aide by it?talM*'Ull at t?<> and four motitha. hut it liat
put b??a Dually a< opted Hie unae< urt?l debt* amount to
?M,t;<Ni and lh? aaaeie to
A xtatf m> tit of tin allaira of Me- r? .1 ? Her A fY> . ailk
ttian .lHi turn ? al? w* an amountduc to cre<litor? of ?N,rtOO,
ami .i>.?etw D.Mhi
The oaly imi<irtaiit failure announri-l io da* (Nov 10)
ban lie* n ?t f.iver|ool. the firm l?-.iig th.it of Moanr*. H. I.
I'abrorkftnd (o. With lion-en al-o at tilaaffftw u?d New
York They hate been brm ithl d wn by tin? ali-etire of
rrtamaarea, and lh< tr liai i.il ea are eabaaterl at alaeit
?^OU,0Ofl. At tlie tari balain ? ot (Ml Ixxika in May they
liad a nur plu? of ?15o.<<*l aiiil, although their |iri>fa>fly
baa a lure auBered rt?-prer lat am , they feel confident not
only of lieitig able t? pay m full, but that a oocaHlerable
gum will remain to th. m
Tlir failure of Me^ra. Henry fhitllb and fin , aim In the
American iraiie at l.iveTjad.i, t?*ik pla? e Nov 9
In liondua the atrpfaig' b.i N-cii .uinoiitioed of Menar*.
Joei|bli<d ?tid H>n>. -ilk mamifa> tureM but Un> I la
bibtiea are n?t wnnw-ed t?> ? treed C?> otto, and little
iloubt aerma to be etit. rtaitied that the aa-rt.u are ampl"
to pay ?b? in the |anind. Anneieil la the < ircutnr liaaetl ?
St>ariT?i h?ii-?m? 1-mwloa, Nov. lo. iiw;
It I* nnr palnfnl du'j to la! t b you iIimi, owing to the fail
urc of our l<oadnn ro'mmtaaioa agent*, ami 'h conneaueut
certain return of ikeir a<-eepiance in our favor, we h?*e felt it
neceaaary IO aaaprnd our payairma i mr book" h i\ ini{ Keen
r> gnlsrl) kept and b?l*ne?'d. We entertain no doubt Uoi ooi
w llWaa ting ear loaaea. we ah. II lie able not ooljr Ui pay our
iebiaii full, mt loWaltae aaarylua fnl"r theae etretrat
aianiCa we tru?tt?>our kind Indnleencc and wepurji.ne
latltiK I'l f 're )oo in a few daya a ?utteinent of mirattue*.
w hu h will be prepared by Mr tl It .lay, of Old Jewrv
rhambcra. .ItlShl'H KtHil A *??.<
At l'ari?. arcerdlnp to the letter* received Monday,
the large Atntifloaa houee of John Monro A Oo. ka* atop
|ied paymri t
At Am-ii rdam the failure haa tAk<? pl.ve of the mer
cantile hotiae of tlallerkamp Brother*. The amount M not
aecet taiaed
thk *f*TKHN *aw* or Norun.
Tlie Weetern Itank of Sx lland, at Ola-igow, aiwpendod
payment on Monday. Nov. ?, at i o clo> k, at which hour
the di?>ia at tlie heail ortlce ,?nd branehea were clo-ed Th ?
bin k hae a paid apcapiul ol jci.fton.ono. and depneiu aup
|K?ed |o amount to ?ft.nof>,ig|ii About a fortnight b?rk
the evi nt *m conaidered imminent, but an aaaouiMMMM
waa anbaetjuetit Ij made on aatborNy, bi the effect that the
ni i e-i*ary aaalalance would be afTorded by the other * <K< h
bank a lo < arr> it through all ita dlflbultiea Within the
laat few day? the rciwirt had lioen that the winding up o(
the cow em waa Inanu d u|ion aa a cutidition of lin-> at I,
that Hie Wee tern bank reaieU dand that NaMfetf Wat MOM'
ilibgly again uni ertakn. The >>ank liaa aliout one hun lre<l
branch' a , and ha- been eaMbllehed for twenty Bve jrtf.
Ita lea?llr g aimreholder* are extremely wea thy, a reiwnt
e?timat?' of their aggregate pro;ierty pl.?< nig ihe total at
ti\i of III million*, an<l the ultimate paymutof all lia
lulitiea la therefore beyond qiinatton whetlwr ?ny nor
lion of the paid up mptt/il of CI.MOlWO Will bo ?avo?l
aaanot be ropje< Itiitd Judging from former e*pi>rieneam
Mich race* the ?hare btililer* will hare . auae >o ongr itiilai.
thi n a<dvta if they eK ipe with. "it being called upon lor
additional ?uma The bank had an active oonae :tton with
America and with A mer lean houaea in i)l*?gow and ela*
where, and ihe drat annotint ement >?( Ha be ng m peril
waa oiinaei|uenl ufun the failure of a knot of ?|v enlative
(fi?? i#lasgow about the middle of h- m nth . win. h
waa ?#id to have inDtrted npor it n I neat nt II W.Otxr Mmre
then ita poaltion haa been iwgr ivate I !i> other dbt%?tera,
and the *u?pei ?K>n of Mevr< l>i' iniat< tit '*o Aitnr lay h k
probably operated aa a Anal blow The tftrctora bwi>
put fbrtn * ?tatement lo the ctl t that rirrnlara Will He
lumcuiaUly ??u?a w Ui* vr?uiiur* ?vuuuuui^AhiiK K'V^ ?
and suggesting measures to bo pursued, which, with for
beaiancc nod calm self possession on the part of the pub
lie, may av< rt many of th? calamitous effects which would j
other wim i exalt from such a cataotrophe. There In
srarc* ly another hank In Scotland ( they add ) which, if
the t.me m allowed by the creditors, lis bo well able to
draw on tho resource* of itu wealthy proprietary. Tho
holder** of the notes of tho bunk ure omoiued not 10 l,ar'
with them at a discount, a* full ultimate payment is cer
tain.
THE FINANCIAL PRISTS IN SCOTLAND.
(Horn the North Hrili*h Daily Mail, Vov. 10. J
Monday *?a a day of deep anxiety and gloom in com
mercial circles in Glasgow. Tho suspension of Messrs.
Denniftoun Jc Co. gave a shock to the whole community,
for whirh the great majority, of course, were quite unpre
pried , hut it noon bom rue apparent that however painful
to the city , from the Glasgow origin and long high stand
log of the firm, that event would entail comparatively
little loss on this distfict, tin; Messrs. Dennistoun having
mutlv lo effort to sutta u themselves by any irregular
trun.- actions hero, but at once suspended when they
found one adverse billow alter another beating against
thctn frcm the United States. Humors liegaii to be circu
lateU, however, as the forenoon wore on, with re* pott to
a no. i h graver affair The Western Hank was said to tin
on the eve of stoppage. At 'I o'cloolc the worst
anticipatsns were realized by the closm;; of that
tabllrhnivnt, and tlie posting of a placard on
the ooorti that the directors hid found It nocessary to
suspend payments, Such an event has long been unknown
lo Scotland, and it would be difficult to describe the feei
ng! which it excited ill tHw la-go community. Str> >iik
dissatisfaction whs expressed at tlie refusal rtf the older
j Scotch bunks to lend the necessary aid in tint severe crisis
to the Western, and this dissatisfaction is likely to lie In
creased the more the circumstances become known. The
bad management and liad debts of the Western llank are
now notorious. The diminished resource arising from
these self inflicted calamities was the evil to begin with
Hut the great wealth of the proprietary, and the healthy
Held of business that remained to the bank, were amply
sufficient to have surmounted this difficulty. There win
no run upon tho bank for gold ? no discredit attached
to its note*. ? no suspicion in any quarter of the sol
vency of the institution. But there began against
the bank a process of what we may rail -'sap and
mine," by the withdrawal of deposit accounts in tho
city, and of interest deposit* in the country branches.
I'ert-ooa not receiving the accommodation to which they
were acrustomcd, or leurful of not receiving it, withdrew
their accounts: and carrying out the notes of the Western
liank, deposited them in other banking establishments. A
beavy balance was thus formed against the Western in the
weekly exchanges of notes, and these balances, according
to custom, bad to be met by exchequer bills. It was to
enable it to clear oil this bi weekly liability that the
aid of the older and chartered hanks was invoked, and in
the flist instance granted. Rut these concerns soon pulled
up. It was really hut a reasonable demand after all that
was niade u|ion them. They were daily receiving from
the public the dv|??-its. the withdrawal of which was thus
crippling tho Western . and what was asked was that they
would not employ the advantage thus obt oned agau1.1t a
(Utter institution in a manner fatal to its existence For
any risk they ran they had the unlimited liabi
lity of a proprietary as numerous and wealthy ai
any of their own, and oil a credit precisely suni
lai to which they themselves hold thirty or l'ojty million
of deposit* from the public. Every effort was made last
week by deputations to Edinhurg, even of parties not
connected with the Western, Hid by proposals ot various
kinds, to induce the directors of these banks to extend tho
requisite assistance in aveiting what could not fail to be a
public catastrophe. A plan was even arranged for the
amalgamation of the Western and Clydesdale, by which
IId' aiding hat ks would have had the security of tw o great
unlimited proprietaries instead of one. But this, too, wan
rejected, and it was evident that the co operation which
had been expected, anil the first promise of which had
Kent a thrill uf joy and pride through all Scotland, was not
to be obtained. Such is the feeling excited in this city by
these circumstances that we should not be surprised to see
the most effectual measures adopted to put an end to the
petiy and ruinous jealousy of banks that hail from Edin
hurg agam-l Glasgow banks, and banks that have charters
against banks that have none In the meantime, tlie sus
pension cf the Western is a blow to the whole community,
and cannot fail to have some most unfavorable conse
quence*. The first resolution of every man who has the
well being of Glasgow and ol Scotland at heart, should be
to prevent by all possible means any movement on tlie
part of dc|?*itors agam-t other batiks. Kvcry bank in
Scotland affords jierfect security to depositor*, tin tlie
other hand no bank whatever can stand against a run for
dejsisits. The money lodged in our banks yields an into
rest to its owners. It has consequently all to ho em
ployed and invested In some profitable way, and while
every bank keeps as much cash in Its till as is sufficient to
meet the or linary demand* ol' depositors, it Is im|KMsihl?
that all can be served on the same day. We trust that
every effort will be tnade to discourage withdrawals of
accounts and de|*ieil* in the meantime from one hank to
another We understand that there was a run last even
ttif: on one ol the savings banks. This was to Im> feared,
as the Western had do|?rtmeitl* for savings in its various
branches throughout the town , and the disappointment of
its saving de|s??iu?rs was h|M to t>ecommuiii< .tied to others
, of the suine class In order to check this movement, we
I would suggest to the director* of the Western Hank the
propriety of paying off its small saving* debitors at o<K>e.
Tlie following circular has been Issued by tho directors
of the Western Hunk to the shareholders . ?
OljIboW. Nor 9 I.W.
I.imrv ahp tJrvri mi*- Ii I* our painful duty lo intimate
to jtimi ibut ? iwurrmm of aimimaUBca < of a very adrrrw
MMrr, hoib In thl* ? ounfry hii I abroad. iilfrrtnK our peru
nlarv ri-wun'' ? and < h.i* compelled ua io eoaM 'o lb*
resolution Ibia day of aiwprudltig payment of ibe company
?Migati?na, iMh at ben lipiaru ra and at the branches.
W ? eaa aaaure > m thai thi? resolution haa not I*" i adopted
? i li. hi' uuM< and pern rertng end.-avtira tn ob'atn such
auppart, from kindred eaiat >l'?bnieii'a lioth In KnHUnd and
Scotland, ho. without intuiting murb ruk to them, iniglit
have nabM iik to rid- over our prearnl dlAcaltlea. and
avert a catastrophe which. on puMic aa wi ll ? private
IfinHida, we ahall nerereeaae toaeplore., This duet not ap
prar lo ua tbepropi rtlmi to enter Into -ipisnatlona a* u> the
inaiint r In w hich our applications for aid were m-i. All %hat
Ik nuf ?aary to bmv i?, thai the leaillug Henteh hank*,
after conceding K*n?tanrr to a limited -mont, <>n security,
Im v r Mro It right to w ithboM all furlhe^tid
In regard !?? the f iture, two courses of action sj>etn np?t to
th- tank. mid to tbot"- who art- Involved in Ita ? loharras
?rata, Whether as credltora or aa aharehoMen Th. two
court* ?. although pointing at different results. may both l>*
purttoi'd simultam ously and, we are advised. ought 10 be
adopted for ihi tnt*rr*ts and safety iTiUciiwi rttrif To nn
d< i?' ? iid 'I i n ? ill be acre weary to say a few word* ai to the
|m -H nil ol ili" atlaira of the I > an it
All in 'Hi. h no balance Shu horn in tdeof th" t" ok a of th- ">ank
?Inn ihr innntl balance In M?y laat, and although no dnuht
m verr losers have liiwn incurred slam tha' dale, yet we Ii.ive
rrii mil III hope II iimr lo' given fill ihi gradual w I ii'lliitf mi
of thi at1nir?. 'hnt th- company assets a ill be mora thin ?'tll[
tli im to pny the whole debts Thin, hottfr, i ritl mw h i byml
on 1h> *1nt* ii/rimmorliifi^filri in this muntry ttwi ftt A mrrlrtt
iIuiiiki 'hr nrr! ?>/ m'mth* Hill, *' hII crania, tltn ntldo'lbli'd
mean* ol ihi indlvi'liiHl partner* of ihr company. If n n 1
availHlilc by a Jodie, una . m of rcall/?!iori ir>* frrally
mora lhan auAclcnt to Kuarxoirr payment of -all iu drpiMti*
*nd< Iwr lialolitlaa
In hriw riri uBi>taWM lb< Minrw trklnk II app-?ni 'o >i?
w .nlil dec ledlj In- moat adv?rit?*eou? for all p?rtle? to pur
?nr. would "i?? an ritrnaioti of lime for iiaynieDt of tfc* dahta
? nd i>lui*ii lonnof the rotnpHn/? ^mpled wub a nyairm an l
?Mtiftgi innr ol tu alfair* un ler ln?|" < 'inii' -und ?*? ntu illy
prrhati* all amaldamatinn of Ha hnaln^aa wtih that of ? .me
? ?'her hank It bfkmff* bown VW( lo ih?' rreilnor* of 'he hank
to npri ?? fhelr opiiiii.ii wlii iImt aech a plan la the aiat d?
alrahV Ui b? nillowrd; ainl for that pnrpoae WW proiMMM* m
?'?on a? poaatbla, lo ca I lojetber dl?tnet meotlnpa of the rre |.
ttor?, at ilw place* meal e<intrenl> i" for tlh'm. tnat they may
appoint aono onr to rf| reaem th< m -h- il I 'hey not Hoi It
i mivi nn ni tbenwwl'i ? io atK-r I *t a eentral mHH| to hit
helil In (ilaairow It la qnii<> obvtow 'Imt thia mole of ar
rMfrBfti' aifuM iml fcrknruw If n ?? h-arty im op.
ral mi on ibe pari of IndtTlitualn. but, wh#re aurb eitrti*,??
and VkNIy ramified Inlereau are at ?take, tt thought not
unri a#on?li|e to hope that, ahotild 'her. he a dlreral'y of
Tlewaamonr tliem the m nority will yield to the mnjuri'v
1 he o'her conrae to he ptiraucd la tnat of at ooee uk n* thw
prrlWNMff atrpl for MMIH| US Ik a le*nlw.y Alilnoiih
tbia p at would entail (real aacriAc a In the realization of -h*
a??e'a hotk of 'be company and of 'he abarcla.td-ra. It may he
n in" neeeaaary li> reaori to tt II la f irtooale I|wi an Ac of
Parliament waa paaaed laat araakm ' . en*' le oai klor mm
pa ill' a o place 'Vma< ]?i ? under the operation ol the Joint
> <? k Art of liWi, in all rrape< a eicep; aa r ?ar .a limiie,|
I Ital ili'j Ibr ahari boldria and Ikrlr ?Mlta mg?L Hi)?r ill
<? rriini? aneea, remain liahla to the full ejieni fur the 1eh'a of
ilic hank the adoption of this art would In our eaiim ?iion,
I ?? of Importance wen the b'i'Ineaa to he rnrrl-'d M Hut
(he act iKin'alna. haatd' a rery valuable and ju llrtnua clauaea.
enahlinr a r. mini) placed tnrtr' umaUncea hki- !!>?? present ,
to he wound mi and the meaua of 'he In llTldual ptr*ncra to
I r niade available for lb'- f.irly liquidation of the ileiiia Tn
adi pi tbla act r*<iulre? tmly ike MriWN of a apwrial ?"? ral
noctlrfof ibe ahareboldera. W- hat * therefore reaiO?e.| on
immediately ratline aueh a meeting Ui provide for thaeven
uallty of aui h a nmrae of anion being preferred b> Iheerodl
torn or forcd on th- coon any hy a lvrrae elrdMMMMeo
In roncln?liiO. II in h'ipe.1 yon will aee ihil we h?ra h^en
actuated hy tbr Dingle if a re to do our do'y Ui th- cred.Kira
aa well aa the aharehohlera In the WfnflaMkl poaiitna In
whir h tfcey have been placed, and. at lh?< earliaal prarticolllt)
n <ment. 'o lake the Inairuciona of 'how who are l-gally -n
hi led lo direct >ia lo all further pr"<ee.|m#a I am li Hea
gcntU Men. your moai ohedlrni acrvant ihy order of the dl
rtilorai, J. S M> Mlffi; Manager, pro Irm^trr
T>ic miapcnaion of poym-nU hy ibe WwatdfH lUtiking
Ckmipmj, aa nflh-ially Boticod gluiVi', croot-d e-mai lorablc
mcHHtuI at Uic head office and the var (una branchm in
t> H-gow yertcrtiay. Mil tor dWH wn Bf dqwHi a accna ,
.n fact, Uic cntranoi' from Ar gvlo *tro?'i wm IiUTally
|i|?a keii up, not, wi' AmM ?ay by tnen who hivlany mtc
re--! m lb- >Mp|iKii oi tha iMuik, btit partK-ularlv hy Umm
whom rurinaity led them to crowlc a crowd , and In liwik for
e> mi thing of nitrri-at, hecauae of tb? want df anything elae
to Hrtrrcot tboMnelvM (hiring the alVmoon MMijr par
lira who ha<l a few Doted of the WeaW'rn were lo he neon
anyiooa for rUangc. and no doubt 'heir anti-ty w ot <uH
what Jnatiftahic, for ID alt likelihood a? the M:irtlnm ?k
turn occora tomorrow and they miyhar* dep-ndotl
ti|a'n pay ng their rent.' from their ?m? I aartii?*, tin- tout
? l immedrnte e* hange la more dIMatfowa than many
I I op|i . (ithrrwiae rlnumatancoil rin well imagine T'i"
rrtiwda t i <at hoalogcii th- peine ipdJ banking nfflco dia
weraml themaclvea about t o'ckn k, and tlwro w.?a no ai
ten>| t at ri?d.
Ai out 7 o'clock M nii'ht there waa a larpo congrega
g it. i n of jieople III front ol the oaring* hraticli of the f'lty
of l.latgow llotik , In Trungate The depototura were <? wr
or ail mi- -non to wthdraw their aavmga, but how th-tr
icar? had been e*cit?-d we bare |inu una > e to I 'arn
??itch wan the r<~"?lt of the confusion, however, that hat*
were knocked off, and an Itnmenae amount of jeiatltng took
pla< e The (K'lii-e anccegdad ta elnarlwg the atreet<<. and
we hare nn doubt that lolav th- Clly of (llaeguw Hunk
will be equtl to the demand' of all toeir deja> itort mi
lar ae we cottid learn, ant ing the oh-t -notion of th< idlrri,
ibe nervmia oeopie would havo bc?o trtry aati factor r;
arranged with.
THE CiysiH IN FRAVfE.
fTrerrt the f.rfWon Timoa, Nov. tl,
The final unotationo of the French three per cent* on
the I'aria hourae thla craning, Nor. 10. were Wif for
money and 67f. lor the end of the mouth, show ing a re
cov? ry of a quarter per cent.
Tli' advice* front 1'arn a?*ert th it, a' though tha err of
the ajiecnlatrir* le for an egjxirt duty ou .-peel*, a r r
c rrnlation of notoa, and nllwr inewurea vial'v
Mi 4 wwvfuj>uivv?, Ui? LiP^vrvf wvjunjt'd U** ***?*
of Frtnw that tlx* true courao to bo pursuit is to ad *'? ?
the rate of discount ? a conclusion, however, which 4om
not harmonize with the report* current this evening no
the l/indon Mock Kxchaagn. The argument* of some of
the French paper* tor an augmentation of tho supply a f
paper will gratify the opponent* of the Itank C.art r -wt
on this side It ii. nec?hs?ry , it is n?i<t . U> indur? manu
lacturers "to purcha-e raw material," mi<1 to increase
Instead of diminishing their productiuu
[From the I/mdon Times, Nov. 10.]
The question an u> th? next *t*-p to be uken by tbo
Bunk of France in Kill in doubt One cauae of difficulty w
found in the law of interest of IH07. Although the Ifcuik of
France haw lately boen empowered by the Emperor to
advance beyond ? per cent, the private banker* and mer
chant* cannot legally charge more than that rate. Their
position, therefore, in rendered very serious by every ad
ditional upward movement.
The I 'aria I'ntrir of ftth instant proposes the following
remediea for the monetary crisis ?
Firstly?To decree tho compulsory circulation of bank
notes and an issue of fifty frane notos.
Secondly ? To raise the export duty on specie.
Thirdly ? As the necessary complement of thoftQ excep
tional measured, to reduce the bank rate of din count to tf
per rent.
The Paris Patric had roccivod a warning for itfl article
tui the finances.
The French government is taking into consideration the
best means ol enabling the Itank of franc- lo aMstat tho
commercial world during the present crlsiH. You may
rest assured that measures for accomnwslation willer?
long be decided upon. The news of the Rank of Rngland
having rinsed its discount to 10 per cent did not affect tho
Pariman Bourse to any great e.Vtent; in fart , the throe*
close at 87 f. 6c. Tho downward movement wan very
Blight.
In the opinion of the Steele, a duty on the export of pre
cious meta Is isnecessary . though not Budleleut to o?n|'ir'?
the flnani lal crisis; tliat journal pronounces it., elf in favor
of measure* ? 1 11 mure euergetic, and Uiuh expresses it
Helf: ?
Th" establishment of a duty nn export* of spertn i* not In
our ld< ? ilif only necessary me cure We persist In demand
Ing a special measure of a character to stay speculation; wo
insist on the necessity ol having bank notes fur small mini,
and of even decreeing (he forced circulation of note*. The
crisis demand* vigorous action. The palb hitherto followed
by the It i Ii of France baa not been wise, since II has led ui
no improvement in ihe situation A no' her policy must bo
chosen without tnr'hcr los-i of tine A great uiiuifier ot
manufaciurer* have In consequen t! of the dlilieulty experi
enced n obtaining fund* ceased to purchase raw material, or
Iihv diminished their production Many hanker* have de
elded on allowing the storm to pas* by, and on r. jecilnir all
commercial bills olicred tbem This slate of matters must
not he allowed to Krow worse The speculators In specie,
warned of the duty which may lie Imposed on tlieir exports,
will not fail 'ii cnchge In ilic most extensive npp.rationx
before the Issue of the decree which commerce now awaits
Time ought not to be xiveu Hem to exhaust the the reserves of
bullion.
'Pie directors of the Rink of Franco bad had an
audience with the Emperor .for tho purpose of proponing
a duty of throe per cent on tno exportation of the (iresiouH
metals, or to bo allowed to raise the rate of discount to
eight |>er cent. Tho proposition, it in said, wan not ac
cepted.
THIS VERY LATIHT.
I<o.?Mwr, Nov 11. 1857.
The accounts from l'aris, received this morning, 'lute
tlint there was great flrrniiepg on the lluurse yesterday, in
cousequen I a rumor that a measure is nlxint to bo
taken wlncli will permit the rate of diacouutto remain im
at present ? nt 7S P*r c?-ut.
' The Archbishop ol Lyons has ordpred collections to be
made in (ho churches, for their relief of the silk weavers,
who are suflering from the present commercial crwl-i.
HV'K Hf TIIK HATW OF MBOni VT.
Paiuh, Nov. 11 ? A. M.
The Mmitrur publishes n notification from the Kmjieror,
founded upon a rc|s>rt from the Minister of Finance, in
which he frays, that ho aces with pain imperilled chimeri
cal fears propagated, and delusive remedies proposed fop
an imaginary evil Tho law permitting the bank to raiso
discount must suffice to keep bullion in better condition
than la- 1 year. Ill- MfOegty request* the Minister formally
to i outradict the rumor* ascribed to the government.
Tlii' bank has raised the rate of di?< ount to 8 per cent
for lulls under thirty days; 9 per cent under sixty days,
and 10 per cent under ninety days
THE REVULSION ON THE CONTINENT.
[l'urix (Nov. 7) ttirregpondeime of l<ondoii Pod |
Ah might l.e rtfiMliil, wit have had another gloomy
tnotictury week The decision of the bank author tie* in
Fiigland to advance the rate of dixi-uunt to 9 |ter cent im
mediately acted on tbo hunk ot Franee The director*
ware called together, and Hilar much dixru*nKMi o<> tin
n><") iut< xte|i* were taken to follow Oie policy of the It-ink
of I nghmd ; but e\ery one beru expect* the rut? of <lw
count will reui li 10 |MT Cent on your Hide of the water
before the crixia i* over, and, under such circumaUuiei*,
llit- Hank of France will again increase 1U charge* for
accommodation. We have no modern precedent for xuch
? t-tale of thing* In thix country, and lli? policy of the
Hank of Frauc? I* aeve rely crtllctaad by the com
mrri ml journal*. Trade in Hollering all over tho country
from tin* universal prexi-urc? gmslx r*n neither he bought
m i xnld ortlMK arc ctuiiternuumed, anl the winter Irtwle
in manufactured goodx i* corunderably nuiiiirixlM. I'aper
w coming ba< k from the United Nat? h dMbwtmd, and
the of tho Furojiean continental money market
worn* every day, mi ilint the pressure i* felt on all aide*
Tie (icrtnan money market* arc in a worxe condition tlian
tb< so of Fngluud aud France. failure* are Liking |ilu<-n
In all direct ion- During the pnit week a conference lu w
taken placo at Frankfort "I Herman banker*. in order to
com'1 to an understanding witb earh other. and. If
|MMalble, lo create confidence The isublmliiiirnu
repreacnted on that orcaxien *?rr thorn- of Harm
audi, Hamburg, Meiuingcn, Lm%> nihourg, (ottha, Ttmrin
gen. Horn burg, Ilurkelhurg. and Knatock. Tbe confo
rciice. which wt? presided ovnr l?y l*rit*? ?? Felt* de Ho
benlobe, endeavor* d to Und out guarantee* calculated to
rea- sure the public ax to their stability. The delegates
d? elded that the note* i?*uf I *boolil be covred by oue
third in *|tcoic and two thirda In good bill* with three rug
ratore*; aim, that an oflleial return should be publwhetl
at lea*t oti< e a ne tit.li . that a mutual control ahould be ex
ereiael by the several e*tali|i*hmenb<, and that the
government* ? hould be Invited to take part in *tKh
control. A <aUmetit to the above effect m W? be
pre*?nted to the Zollvercin. Meanwhile the latcn
advices from Vienna way ? ? " The situation m tbe
Kame . want of conHdence lacrwMM, ou account of
the delay ol government meaxurc* long autre prom i*ed "
Hut what cau^overnmcut do but n. ;?? to prevent ti Uxmal
liankrupu y by redueing the artny ? And liure comes in a
dillieult imlllit'al queittioa, which, however, M, we are
a>*ur?d, to be put a?mr. m< a-uriw having been uk -n to
economise mi'iiary vxpindlture Auatrui boa gone on
lairrowing money to cover her yearly deflnvt until no
limre run be obtained, mid penally at *u?:U a erwta art
this Figure* are worth all tlie Mpeculntiona of the m<? i
clever be.ida You have only to look ai her unnuai deUi H
aim e 1K47 to rmie to a'oni tn-i n that A'i-iria mii't be
pretty nearly at tlie end of a ro*>l wha h l<sa>ln to ruui. I
add the table of ti e (ollowiug budget< ?
Mitmur ftftu'i'urr th flrit.
t"47 Ii 1,7#*, 161 1' ,4 tft ljm,33*
MM 1?., 1^7^164 MT.ila.lWO W illi
IH4U 14U.7H4 f,;m V7N,i,76;".4J l'il.Mfi.?*4
1M0 ji 4 .1 1? <i?i M,M4,Wl'i
1>M UIW.>6 14*1 J0tl.72li.77O ei,3v:i.?ta?
\*hi ?Alfl.aiA.ltlii V7tf*l2*<4 4.1,447,131
Mm 2.17, 1.16, ?3 Wi. mitUH 641.1il.iUJ6*
1^64 V46..>3a.7.4 aH?;,H4e Mrt 140,71v, *.*2
IhiS Ma,7lM^M 4irJ,'rfte,l*i 13*,MU,?s?
1M< *i73.1?V.V7? 3.US.6I6,"4.1
rente et nanny haa been mule ttn< year, and newa
|ta|? ra have Ju?i l^en ta?ed. but railway have been -ttW
and irown !an<U dis|??e.! of, and yet lli?> radical evil re
main- On -ame The avatrm "f government i< too ei|ten
nve for the reaonrcet of the empire Freneh tranuw tenia
w,th t?erniany being very eim-nlerabl", the com plication
of Una |>art ol the world aibia ttflle- dilfli'tltlieii of the
I arts an bmirae. l/.w aa i|Uotationa liave le t u it the
I'aria iMinrae during the La>t lew wtteki, a Cnu d rahle
fall baa taken place during the week >n r?.l?ay ?Uar ?,
owing to the necessity which bolileni arc under of r- .!u
Ing tu meet inmiediate liabilities , and onginating in a desire
to gam by lending the realired property *t nicli prices an
were never before heard of in tax commercial world here.
Abbot. gh the proa|<?rt oo all ai lea m aodark. we d? tat
espet t any failure* of the large (tank. tig oatati lalnneubi in
? ranee, but what we muat esperienie for ?onn tuu" Ui
come la a aiiapenxa* t< conimen tal enterprt i The fol
li.Wing table ?how? tbe ilepr.-. -ati- n *1 ti ban Uaen
plat e in French quotationa (aaving rente; during the paat
weak
, Frwt iv f~ihffTtnre^
yams of Qutla/umt. W .10. S"e A. Jfinui.
r v p c r. ??. jr c.
Rente .1 per cent,.,,,. MM 07 A 0 10 ?
Kente 4S per cent,... 90 66 90 66 ? ?
Omao Idea ? lU
bamiue de France 0 J.W) 0 ? 6 vj
? .tu | ti- rt7< > (J 070 0 ? ?
Credit fonrier 647 60 610 0 ? #7 50
Cridit mobllier 7*6 0 770 0 ? 16 0
iirbana 1..UM1 o l.sw so ? z: 60
Vord H7? '26 *70 0 ? ? 1$
lat f*6 0 VZ2 60 ? 32 60
I yon et M< tliU rranee. *16 0 ft* Uft ? It 76
Mull 64-2 60 627 60 ? 16 60
tiu?at 670 0 640 0 ? 3.1 0
(.rand ('Mitral ?'*) 0 6?7 60 ? % W
liiMtl 610 0 !W6 0 ? 16 0
I tu nnn? Autrii birm,. 67S 76 AftA 26 ? 7 6 >
Fa.nt Ramb?rt 6'j0 0 4*0 0 ? 90 l?
MctnT rmmau'iel 456 0 460 0 ? 6 0 *
ft* tier* Rio o ,nr2 6o ? IT t*
I a Teate 6!0 0 610 0 ? ?
Ardrttiiea 4b.t 0 400 0 ? Ml 0
I etter* from Frankfort aiiBOMC* tliat the bank nf that
t it jr had raired the rate ot diaiount to 7 '? I'* rent, Mil
from Iterlin we hear the Hank of lYuast" ha* rawed tin
tate of diacotml from '?), lo 7 k per cent .
According to the return* of tbe N?ti.n*l Hank of He I
glv.nt, Junt pubhabed, the metalilf reserre had lecri'aaed
from 61 .MO.oOO. which WW the amount of the .loth -Vp
ember. to4.),imu.fn0. ".-H ha fact," obwvea th- Imu
i MH'once . * ' hue nothing u it "ha h , an r^i-e aurpriae tinder
rxlelit'g ctrrumetancea and t - ? ven t-Mi kable O.atour
Ant Anaticml ortabliabm. nt ahould have been able ta i havo
retained ao large a ?<im in its cfTer* ? ben ite rata of d?
e.iunt I, ax been raided ... little, and, ax t? well known, la
lower than IB other ..( tbe Itreat mo?. y m rketa of fu
rone W ?,,v nioreev.r, remark th^tatthe rorreapond ?
If.] period last year the m. tallic re*, rre waa only 4 S mil
I, , 5, r?n. re th ..id is at pre ent. The hill* disco, in. e I, m
contra red wNli tli.-e . A Ui? previro* return, bare In
' d nearly eight ailltonx. vol en eeded lw> miim?n*.
a fat t which lia? only '?"re before tn'currcl ami e the bank
haa i >een ' trtahltahira. In October, IM6, Uie bill* in hnml
? ere only W>| milliou*. antl In Septemoer laxt #1. "
tbe rojrvruwm in the rooi,
MihH OF THK Y 4NKKKS IN A PANIC.
[?odi the liondoti Tune*. Soy. 11)
(Mir tranaxtiant c n, ghNtr* t ine the convuNicn of tlvtr
mrm y m trket w th their aci'ualonved isq tines j Th -ir
Uik4? m l.l Ihv t-oic, jtUcvd , a.u?v4t 4?n4. Could ^ , ?< ,