The Express. — London, England, 1857-10-19 00:00:00

iota DAILY NM: Lorator4 MORNING ilk.a.VitiZr="ssingtialaafist ITZ: =Me lON d I=2 : 0F.% SO 01= mis t lb ...P.% mil la So mule 4 mailMaal M Os ie. saw. '-'- m - . 1-060 / •= " a i ur b Is- S ift_ OMNI SIMS Ell 111LIUMB AND mamma. L. •.6....dr ..../ ins oil mamba M Ms IMlala ma le minded Na la a. ""TriVennt# reago WOW!, - - - - 8 --- ---- --- oliV r adtt Irivem=vi V moviurrissmorro. IS - Uwe Iles gal/ " " nrb...ismagessia "."l6k ka IllagaSaftr ag NOM ask plee_ert n n ,'" .. . k. ' sew beebeeber le eer m tbk. benign: et el sirem I) & If al , as t m Ailai Ike peer by mes.be we be Pa" ea %rola ibe mere/ am ........4= ris ATL.lraptiVener. NW • Ware bp Kean brew et, Oxlrcoo. INk 001 Meentimbelli 66 - plaiee . Tee e — aprosa. --- . tells Ibbeelee leeebr mem be at lbe Oen. IN le mThelmieb. be Tye Mob ea ibe Yet petilullia. Z Imre. TVS 11••=8, TEX 1.01 r• CUBA NI. Aw ..4 11•1=1: -MT SOX. NANA. !U X Fanlike= asl ig aila=-rarnAUOMIN ..-Oismisioal T. /111110111"*. l'oo Form. LIVING TOO 7.6/7.111 11l MOW. us, O. /Lom—Occosopso r Mahal O. vi.w." - D°4lE,P24=a2 ll = l2 : RION WA A? WIIDO3I SWIM rem Day-1111wim Mi. eila.—...-- MISEINS. ih. lbs. Weriesemp—Mosbe. 116 1ea......... lisma. !la. aft LONDON. MONDAY. OCTOBER If. lie any struggle like that mid& is now in progress in India, the tioascial element is so important that we have omitted no opportunity of drawing public attention to the state of the East India Car palsy's Exchequer, both in India and at home. Plain , speaking. however, on this as on many other sub jeers, is unpalatable to particular interests, and. in , defiance of • host of facts, an attempt is made in , some quartets ;to show that the Indian Government is, in a pecuniary; sense, remarkably well eff. One joartial, which OM= almost inclined to venture upon the absurd assertion that the money saved by the disbanding of the Bengal army and by the mem hien of the allowance to some of our disaffected princely Indian pensioners, will suffice to defray the entire expenses of the war, is positively indig nant at the Mutilation that the authorities here are in want of money. Keeping in view the notoricias fact that the East India Company, in the midst of a monetary crisis, which their own financial policy tends to aggravate, have just rushed to the Bank to borrow • million sterling, we scarcely know bow to meet averments of this kind. That the Company wanted the money is proved by the fact that they bare already 'civilly employed a large portion of it. That they still hold • large amount of securities of various kinds we have not been so ill-informed es to deny— the fact is well known. But, perhaps, our con temporary is not so keenly alive as he ought to be to the difference between money and securities. If so, let him ask any practical banker or broker what would be the consequence of flinging a few millions, or even, say, half • million, of Exchequer Bills, Ex chequer Bonds, or India Bonds upon the market at the present juncture, and what progress could be made with sales. As we have repeatedly pointed out, and as our contemporary himself pointed out very recently, the market for Exchequer Bills has been prejudiced to a serious extent by the niggardly polity which was panned some years ago by Mr. OLADsTONL, by the competition of railway deben tures and other securities, and by various other mums. It is certain that, despite the considerable rate of interest now borne by them, no important amount of Exchequer Bills could now be mold in the market, anise at • really " alarming merifioe." Only a few days ago the price offered to holders who attempted to sell • limited amount was 20a. discount, and the minket war this moment mainly prevented from re !aping by the daily purchases of the Government broker, which are scarcely likely to be continued much longer, calms from the wish of the Cniacemem of the EiCHECItEII to prevent the quotation from descend ing to a more discreditable point. As regards Ex chequer Bonds, there is really no market for any amount of magnitude, large transactions in these securities requiring a great deal of negotiation. Finally, the degree of favour accorded at pre sent to India Bonds may be inferred from the Got that, although sellers abstain from coming for. ward, a holder compelled to realise might think him self lucky if be could obtain 30s. discount for even a small quantity. The idea that the East India Company, under existing circumstances, could place upon the market any large amount of these Bonds, even if the rate of interest upon them were con siderably advanced, is not to be entertained for • moment. It is far more likely that the Company will, ere long, find themselves involved in • new financial liability from this source, for many holders, disgusted with the depreciation of their property, will probably give the requisite year's notice of their desire to be paid off. The necessity of giving a year's notice constitutes the immediate safe guard of the Company in this respect, but we must my we do not like a system which is ever ready to risk future entanglement for the make of momentary relief. A wise foresight on the part of the India House would be far more calculated to imprem the public with a feeling of confidence in their prudence and sagacity. Instead of being incrmeed, the issue of India Bonds ought to be kept within the narrowest possible limits. But, although the East India Company have already arrived at a lively perception of • fact which does not seem to have struck oar contcropo rary,—vii., that, when credit is at a low ebb and when the tide of monetary dis'urbauce is at its height, the holder of money and the ( bolder of practically inconvertible securities oc cupy very different positions,—it will perhaps be argued that the Company may rely upon the Bank of England for further assistance. In the interest of the commercial public, we feel bound to protest against a repetition of the transactlon recently effected, by which the Bank advanced one million sterling upon :the Company's securities. We have no hesitation in declaring that this operation, which of CO9llO involved an immediate drain upon the already diminished resources of the Bank, and carried the "other securities" op to the altogether unprecedented amount of nearly twenty-two millions and a half sterling, had an important influence in aggravating the recent intense pressure in the money market. The Bank is of course driving • fine business, with so many pressing customers at seek high rates, and we shall be greatly surprised if the holders of Bank stock at their next sowing are not seen robbing their hands with the utmost satiefac tine at the pecuniary result. As the pressure upon the Bank has now reduced its available means to an extent rarely witnessed of late years, there M evi dently en immediate prospect that the India House will be able to extract a further loan from the insti tution which held' the national money bag ; and, misiseqnsntly, far the time, protest is needless. Amidst the diseemiona, however, which are taking plies amongst oar financial and administrative aothorities respecting the pecuniary position of the Indian Government, we are sazious that the fact should not be ignored that the commercial cow- munity, who look upon the Bank reserve as the fund at all times available for their requirements, arc by no means pleased at the serious augmentation of the monetary pressure resulting from the compe tition at the Bank of that favoured borrower, the East India Company. If the resources of the India House are thus straitened, the position of the local Government is far worse. At Calcutta, the State Four per Cents. have been sold at 24 per cent. discount, and the Five per Cents. at 12 per cent. discount, and the ad vices state that "no considerable sum could o be disposed of even at a much lower " rate," in which respect the Indian market for State paper bears a striking resemblance to the LoLdon market for India Bonds. This collapse of the Calcutta market is in spite of the fact that every l et fort has been made in its favour by the Bank of Bowl, which is virtually ander Government control, That Bank is so full of Government paper, upon which it has made advances, that it is at last reduced to the painful necessity of almost altogether with heldiag accommodation of this description. It is was mentioned that the " native bankers were " willingly lending on opium at 8 per cent., while " they were refusing to lend at 12 per cent. on Go " ,sent securities." This feature, by the way, we Immo, from the contemporary to whose eptindet views on Indian finance we have already referred. As to the utter discredit of the Government in the Indian markets there are not two opinions amongst the local independent press. " Our Financial Difficulties " have long formed • prominent topic of discussion in their columns. The Bombay Times. premising that " the Government " wants money," bemoans the " humiliating news " city" Imposed upon the authorities, by the fear of " an empty Treasury," of accepting its own heavily depreciated 31 and 4 per cent. notes in payment for the new 8 per cent. loan. Whilst this loan, which consequently offers to the subscriber terms equal to about as per cent. per annum, is vainly hawked about the market, we see the energetic repre sentative of the Company in 'the Punjaub beating about for advances for one year amongst the shopkeepers of Peshawur, and soliciting subscriptions from • chieftain of our own making—Omit tis SING. So preening are the necer sides of the Indian Government that the Cope Par liament—to their honour be it said—have with the utmost alacrity voted an immediate advance of 88,0001. from the Colonial Treasury. Now, in all earnestness we would ask, is this degrading financial destitution befitting the position, or likely to add to the prestige of a Government which stands forth to the two hundred minions of men who inhabit our possessions in the East se the embodied represents- tiveof the mighty BritigNation ? Let any oneglance at the un.subecribed loan, at these solicitations of as sistance from every quarter, at the estimated deficit in which the last Indian Budget avowedly resulted, at the prospect of a greatly diminished revenue for a considerable time to come, and at the straitened position of the India House in London ; and let him say whether a conscientious journalist can lull the public into the belief that the present momentous struggle will lead to no financial demands upon this country? Our sole object is to keep the naked facts before the public eye, and to warn the authorities, that if from any secret jealousies, or lack of financial courage, they starve the war, and needlessly prolong the Sow of British blood, as in the Crimean war, the notices will assuredly call them to a strict account. THE EXPRESS, MONDAY EVENING, OCTOBER EXPRESS FROM PARIS. (756 ova 0, PARIS, SUNDAY EVINIXO. The Emperor, the Empress, and the Imperial Prince left St. Cloud for Compi4gne this afternoon, for the hunting sawn. Baron Rothschild and several other directors of the Northern Railway re ceived them at the Paris station. Their Majesties were accompanied by the Duke and Duchess of Basun°, and Mesdames de Labedoyere, de Saulcy, and de la Poise. Three series of invitations, rang ing from October 21 to November 10, have been hissed. I understand that Count Walewski and the Countess Walewska, Lord and Lady Cowley , the Duchess of Manchester, and the Count and Countess de Morny, are included in the third series of guests. There will be a royal stag hunt to-morrow. Letters from the Mauritius of September 12 state that the transports Pottinger and St. Louis had just left the harbour of Port Louis with troops for Bombay. This is their second voyage on the same service. It is confirmed from Madagascar that Queen Fla naval° has expelled all the French and English residents from her dominion.. The date of the de- ass is August 25. The reason maligned is that the Europeans entertain the project of dethroning the Queen and placing her sou, Prince Rakoutou, on the throne of Madagascar. The arguments in Count Migeon's cue are at length concluded, and the Court of Colmar will give judgment on Thursday next, Oct. 22. The Daily News was seised to-day. The Prease says in its weekly commercial review: . . . Let week .e adudod to the seere(ty of ready money. Dee sairosetalion of the bank's ruts of discount to 61 par coat. to obviously a amours not of a nature to &chats transactions, and yet trade has accepted the rise with noir nation, preferring to pay a high rate of interest rather than enbmit to any curtailment of the time to run for Wits now admitted to dreount. The retail trade in Pane !mare se laat week, rather active, and feeling the brat el ihs Myra of Parisians from their country trips. The mardnotarini of Lyons and St. Etienne stiffer from the rd state of slain in the United Stare. The Americana have given no orders whatever this lessen, and all the stuffs manufactured with a view to the American market are now on sale at greedy re , Ord prices. The last drier from New Yorken no hope 1 1 of any immediate change for the better. French milks are I now selling at New York 26 and 30 per cent. cheaper then at Lyons and at St. Etienne. In Paris the demand foe sender de Peru is satisfactory. Some considerable orders have been received from Ruda, and it Is hoped that the moditirtions lately introduced into the Rosman tariff will increase the already great cenetimp bon of French produce in that country. The happy results of an abundant harvest are now apparent throughout France. The price of bread, butcher's meat, and all aliareitety sub stances, has fallen considerably. bread has sew bra re duced to 36c. the kilog. in Parts, and 30c. in most of the de- Tartineate. These are the ordinary prices of years of plenty. In the corn marker the decline seems to be checked; but this fact is to be attributed to the abundant supply, which readers it difficult to effect sales. There is no biz of any &aided ribs. A new drama by M. Paul Foucher, to be called L'Amiral de lEseadre Blew, will be brought oat at the Cirque Imperial to-morrow night. The plot torus upon the trial and execution of Admiral BY6II- The Legislative Body will, it is announced, be convoked for the end of November, conformably (as some say, although the point of law is disputed) to Article 46 of the Constitution, which renders its meeting obligatory within six month' after the dissolution. The Mint is busily occupied in striking • g the medals for the new Deputies. They are of silver, and of a large size, bearing on one side the effigy of the Emperor and on the other the name of the Deputy surrounded by a wreath of oak. These medals serve as a passport for the bearers, giving them admission to the ministries, public establish ments, and official ceremonies. They also secure the inviolability of the person and the privilege of being exempt from any judicial proceedings, without the authorisation of the Legislative Body. A new medal is struck for each legislature, and thus they together form a numismatic collection. The Council of State resumes its labours on the 20th. It is stated that some measures are to be laid before it for the next session. Among others, a new maritime code, which has been already examined by a special commission at the Ministry of Marine, over which M. Bsroche presided. A rural code is also talked of, which has been called for by the senate. A bill relative to foundlings, and another on intel lectual property, will also be brought before It. Et* from. WINDSOR, BAV:II3AT. The Qseen and Prince Consort walked in the bombe perk this morning. The Dueler of Kent visited her Majesty at the Castle. Her Majesty, with the Princess lielesa, attended by Lady Chnrchd4 drove •tat in an ors carriage in the after- coca. — Tie Prince Consort and Prime Alfred, accompanied bee illateety on horseback. The bitterns* in Waiting were fa attaadeaos. The Duchess of Kent dined with her Majesty in the evening. The lion Mrs. Bidtbalph aad Lint. Cowell, R.R., lAA the honour f being invited. The band of the R./al Horse Oneida played daring dinner. Overture—Feat !Wigwam aidectioa—letaw Rut Adam. Great Duet— Ve.pres Sieilacuiew °slop—. Pros e of Wales" Hee liajeaty's Private Bead atterwarda attended la the Cad* sad played the following tompositleas Overture—" Leabscer ttelsctios from thew orks el ilsadel. Adagio and Polonaise • iratismsam. Mersa— Z welkamg dwasse Helm else Versa SUNDAY, OCTOSIR 18. The Qua and PAW, Cowart, the Princess Royal, mills Alfred, Prisms Alice, sad Primes., Helena, the Labe, end Oennemen of the Court, and the Domicile hoacehold, attended Divine Ibralee thin rooming in the Private Chapel. The Hem. end Wiry Rea. the Dean of Witiolanr officiated. Viscount Palmerston lett town on Saturday for irsadlimio We (Morning Port) are informed that the Queen of Oa& la at prima dangerously ill at a temporary residence eteupied by her at Richmond. His }fishnets the Prince Ftadziwill has taken his dipertere from the Brenseitk Rae, hear-street, for FOAL His Excellency the Prussian Minister and the Canna= Iforeatoret ham, loft town on a Mgt to Frances Conatine Waiiirgrave and Mr. Harcourt, M.P., it Straw burry Mil, war Twickenham. the links of Beaufort came to town on Saturday saavisg boo tiewmarko, and has since gone to join the &dim nod family, at Badminton, Gloucestershire. The Duke and Duchess of Roxburgho have arrived at Oa Carmelo' from Brosmouth Park, Dunbar, K.B. The Earl of Lonsdale, who Clll3O to town early in the pet weak has Lowther Cast* has talon his departure Ise Par* to rooks a kid visit to that capital. The Earl and Countess of Yarborough arrived at their residence in Arlington-strait a few days since, from i Monty Hall, Lincolnshire. The Earl and Countess of Wemyas are at Gosford Nowa, East Lothian, surrounded by a family dells. Lord and Lady Bkho ars rorpretad in town shortly. Lord and Lady Templemore arrived in town a few days awe from Folkestone Lady Alice Peel and the Nfi , ses Peel have left Mathis Hall, Torickaahana, for Brighton. The Bdinburgli Courant says:—" The Duke of Hamilton bas secured the Mignanelli Palace, in Roma, for hie winter reside:ooa sad is indebted to the electric telegraph, Nod Y the activity of his agents here, for the pommies of that deandils locality, ice which a Hamden princess, Madame Carnichid, who arrived ow the name afternoon se his greeds telegraphic Mena" was to hare coma to terms on the fottowhig day." ma following letter has been addressed by the Doc (fmareale to Gummi Peel —" Twickenham, Oct. 14.-- My dear Osumi Peel.,—l have heed informed that • meeting I will be held d,-mono, at Twickenham, under year mei dewy, kw the starves of raising • subscriptica for the mime' of the staleren by the lathea mutiny. Full of gratitude for the hospitality which I have remind in England, and eym gaddstag Mortify with those of your compatriots who me 03 pliaatly achang is Iced* I mad yon my contribution to Ow shoe fund, and remain, yours truly, H. D'Oassass." The Hellespont steamer, which has just left Mar seilles he Clefts Vecchia, had on board es pawners two rdmimates of the Same wear. One 4 Shier Clemmeos aspeele, coashi-gsemea of the larpeur, sad Sista Da•Mod, who belongs to one of the high hanks of Ross* sad is • Motive of the Disc de Orannaost, the sew French AneWe seder at Room. SPAIN. The itadrid Gaudio of the 10th officially an nounces the resignation of all the ministers, and the nomination of Admiral Armen) as President of the Council and Minister at War. M. Bermudez de Combo, who, according to some journals, was to have been Finance Minister, is appointed Governor of Madrid. The HO* states that when Admiral Ammo undertook to form the cabinet, he told the QOM] that he was a staunch conservative, but that in the interest of the country he should feel it neces sary strictly to adhere to the constitution of 1846,im proved ma it had been by organic laws of as liberal a characteraa was compatible with the principles of the conservative party, and that he would endeavour to find colleagues imbued with a similar conaerrative and liberal spirit. He added that he knew that M. Mon shared his sentiments. PRUSSIA. The Correspondence Prussienne says that the Prussian government, having some time ago pro posed a conference to regulate the circulation of bank notes in the Zollverein, various state* of the Zollverein have been consulted on the subject, and have declared that they will take part in the con ference, which will open about the middle of November. AL STRIA. The official journal of Vienna publishes three de crees from the minister of Finance. The first orders the calling in of the Hungarian paper money called uhrakreuturscheine, which are still in circulation ; another the demonetisation of the copper coin of the Lombardo-Venetian kingdom, struck off in 1849 ; and the third specifies the new silver coins struck off in conformity with the monetary convention—thalers of 11 florins, and 1 florin and 1 florin pieces. NORWAY. HAMBURG, O. 17. The Storthing of Norway has just rejected, by a large majority, the royal propoaitions tending to ob tain extraordinary credits, and in can of need an authorisation fora loan to defray the expense of un- foreseen armaments and preparations for war. Tag OITITIAAD WEST INDIA AND PENINEVLAR Matto.—Thu Son! Mail Company's setaapahip Orinoco, Copt Banta%Lit doitthanipton on Saturday with the usual Went Itrf. a. Polk math, 179 passengers, specie of the veins at YOWL, }amatory 8,0001., and a Ord and suite, pa totl t m,. Among the primers a Major te Msper, Coked Whofiald, 0. the mme day Paninanlar and Orlantal Company's teem-ship Tagus, Captain Chris tian. tat Ekstliampton with the usual Peninealar mad, 41 bat-edam and 16 second•cisse passengers. aeit. far eibmi. Mr, Lisbon, and Cadis of the ratite of 47,M., aril a fall caw. UNITED STATES. ARRIVAL OF THE CANADA. LIVERPOOL. SUNDAY. The Royal Mail steam-ship Canada, Captain \V. J. C. Lang, arrived in the Mersey this day. Her dates are—Roston, Oct. 7, and Halifax, 9th. She has brought the usual mails; 100 passengers, and 2,600 dole. in specie on freight. The Royal Mail ateam•ahip Arabia hence arrived at New York on the 2nd inst., the New York from Glasgow, and the Arsgo from Bremen on the sth. Since former advice, the aspect of financial affairs presents but little change. Several local banks have given way, but their influence is of no great im portance. _ _ _ - Our advices from the Salt Lake state that tho Mormons were fortifying the fort and bridges, with the intention of contesting the progress of the United States trace now on the way to Utah. Some of the crew of the Central America have ar rived at New York. The amount lost in that vessel is some four hundred dollars lees than was pre viously reported : _ . _ The steam-ship Star of the West, about which great apprehensions were entertained, had arrived at New York with California adviees, and dates from the Southern Ocean. The news from New Grenada is entirely of • local character. The news from California is two weeks later. The people in San Francisco who uphold the acts of the Vigilance Committee had elected all their can didates in opposition to the democratic party. Monetary affairs at San Francisco were rather easy, and the markets evinced a better feeling. Havanaah latest advice' represent the trade as dull ; the money market, however, was easy, and the yellow fever had declined considerably. COMMERCIAL. The arrival of the Star of the West with • million and • half of specie had • good effect on the New York money market. The cotton market at New York is quite stagnant. The market fur bresdatuda has improved on tho previous trsineactions. The pork market sive dull, sad to effects sale reductions had to be submitted to. No new feature to freight, can be reported; everything to dull. The Vanderbilt mail steamer Ariel, Captain Laid low, arrived at Cowes, on her way to Bremen, yes terday morning. She left New York on the 3rd inst. She brought over 79 passengers. She cape- rieneed the fearful storm which raged during the early part of this month, and which impeded her voyage. She met the screw steamer Argo, bound for New York, on the 4th inst. ; the steam ship City of Washington, bound west, on the sth• and she passed the I ndi l ana, bound east, on the 9t h inst. The aspect of financial affairs presents but little change. The government office-holders throughout the country received their quarterly salaries on the Ist Oct., which in the aggregate amount to a consi derable sum, and add so much to the metallic cur rency in active circulation. A despatch from Washington states that upwards of 700,000 dollars of the public debt has been redeemed within the past day or two. Some extensive failures occurred in Baton on the Ist inst. The Supreme Court at Albany has decided that banking associations have the right to reduce their securities below 100,000 dela. by returning circulating notes, and the super intendent of the banking department has accepted the decision, thereby reversing the practice of the department. In consequence of this large amounts of bank bills have been withdrawn from circulation within the past three days. The financial pressure has already extended into the far off and newly settled territory of Nebraska. Two banks, the Ex change Bank of Omaha and the Fontanelle Bank at Belleriver, both of which were established within the last twelve months, we learn by despatch to the Chicago Press, see reported to be bad failures. (Frets the Nor York Herald.) Now Toni, F7IID4T, OCT. 6 T.Y. Of all the gloomy days we have seen within the past six months this has been by ell odds the worst. All the panics previously seperieneed are as nothing compared with that of to-day. The decline in stocks since yesterday has been greater than yet realised in the more length of time since the present revulsion commenced. At the first board to-day there wee a most frightfhl stamped° sarong holden of Mock end the beet on the list were daughtmg right sad lea. If le • much lower depth for some stocks they willgooospketsly out of sight. The lames realised meat be Mums% sad the =amenity at large must be suffering lamosseely from the 02011 nows depreciation in market value. At the OM board to-dov, Mimuri declined 2 per cent. • Erie Bonds, 1871, , Y or k entral, Ts, I ; Merclui.nta' Bata,l; Park Beak, ; American Recharge Beak, 3 ; Cumberland CM, • Delaware and Hudson , 4; Pennsylvania Coal, 4; New Tait Central Railroad, ; Erie, 13; New Haven and Hartford, 2 ; Reading, 2 ; Michigan Central Railroad, 7 ; Michigan Southern, 1 ; Illinois Central Railroad, 4i ; Cleveland and Pittsburg, 1; °alma and Chicago, 6; Cleve- DM end Toledo, 2; Chicago and Rock Island, ; Mtlwaa hie and biiielesippi, 1. Here we have a fall ranging from one-half to seven per oent. At the cleft yesterday no one anticipated such a widow and sudden decline and no one known but that a similar movement may be realised to-mor row. The sellers an those who, from actual necessity, ere compelled to realise et any prier. The sacrifices are not made so much by them who ere afraid of farther depreciation as by those who went mosey and see disposed to sell any thing they possess to meet their current payments. This ahem what materiel cur community is made of, end it Is such material that has made this city the metropolis of the The failure of the bonne of Pierre Chouteau, Jr., and Co., fur dealers, dic., was announced this morning. ilia i s a besech of the St. Louis house, one of the oldest bunco to the sountry, and until very lately was supposed to be very Aram. The feature of the present revulsion is that SOINI) of ear oldest and largest mercantile concerns have been the Ent to suspend. The failure of a large beaker, railroad director, speculator, &c., op the river, is reported. The party mend formerly occupied a prominent perinea as an executive officer at the Erie Railroad Cowpony, and was Indirectly involved to a large extent in the Long Dock Company. Several importing Interests at Newburg may suffer eardy by this suspentdon. The Hudson River Bank, at Hodson; the Fernand Bank, of Hudson ; the old Saratoga Bank, of this state; the Stark Bank, of Vermont ; and the Bees River Bank, of lieseachu ! nets, notes ate thrown out this morning, in addition to those previously mentioned. At the second board the market was on the whole lower. American Exchange Bank declined Ii per cent. ; Reading, If ; Cleveland and Toledo, I ; La Crosse end Milkwaukie, New York Central opened at if, but fell immediately back to an per mat., and closed heavy at that. There was not much Wetness this afternoon, there being no buyers, both from the want of means and the disposition. As • thing, all of our railroad stocks are unproductive. several pretty certain that on the part of these corporations there will be a genwal suspension of dividends, and it will be years b efo re the beet of them recover, and ma w n i i sill newer resume. We have long anticipated nick • rand and it is about being realised. This clew of securities be unproductive for years. Bank stocks are settling down about as feet as any other on the list, and the males are daily incensing. The position of 0127 banks is a matter for calm end serious consideration. This month and the next is the time for our heaviest payments, end we must look for such time in the ' iluancial world as have never before been seen or Imagined. The hanks have a dangerous and difficult part to perform during the next Wily days, and if they play it properly the future will be full of hope. The resolution purporting to have been passed by the managers of these institutions amounts to Just nothing at •11. It woo only partially agreed to, and not sufficientlz tote binding. t was intended more for fancy than and it Is our impression that the next returns will show that it has not been carried out. The banks of Ibis city cannot expand and preserve their position as specie paying institutions. Their only safety is in connec tion. The banks of New England must suspend. We down me how they can avoid it ; but the banks of this city con melds themselves if they will adhere to the policy they have for some weeks pursued. Nothing else can save them. Au eipansion would lead to an immediate drain upon our specie reserve, and Mop at one. the current of specie sow setting Into their vaults. An expansion would temporarily relieve the community, but it would end in Mepenlielt of specie payment. by the bank.. Better hundred, upon hun dreds of our merchaata should fall than our banks l en It is a distrowing alternative, bat we see ao belirL4. With our banks dm sad fined as "sae' paying Mantetions, the country may recover from this revulsion In a few maths, whereas a suspension of specie payments would ptuntrate every important inbred, from which we should not MOM/ s years. It is orated that the Partners and Citizens' Beak of Wil liamsburg, the suspension of which was noticed yesterday, had 103,000 dole. on depeeit, and about 227,000 del.. dis counted paper in its possession, and that 226,000 dole. of the laity is conaidered perfettly good, Dorian= have boon mowed that they will not low in the slightest degree, although they may have to wait a short time for their money. We ore informed that the Bank of British ?Nth America and toner Cvnadian banks hare ordered specie from Breland in amount rather thee mil their exchange at present rates, and it will begin to mire in two or three weeks. This is • movo in the right direction, and we hope the example will be followed in other quarters. . . . The merchants of Boston held a meeting to-day to take into consideration the state of financial affairs. The conclusion come to was that the banks must be sustained at all haw& and at any saaifices. The resolutions will be found under the telegraphic bead. The exports of sA-Te r froar this port for the week ending this day, and for the year 1867, thus far, were a. follows : Total for the week, 10,321 dole.; previcaudy reported, 32,874,840 dole. 89c. ;• total, 1857, 32,884,861 dole. 89c. The last returne of the bank' of this city, con with those of the previous week, exhibit the following In the aggregates :— Decrease in loans and discounts, ,988 dole. ; decrease in specie, 229,091 dole. ; decrease in circula tion, 235,493 doh. ; increase in deposits, actual, 933,068 doh. These returns show a diminished movement in all the lead ing departments. The bank managers are punning a wile, cautious, and ermeervative policy, and they deserve much credit for the determination with which they adhere to that couive. The contraction has already reached a very heavy amount, and while many may be disposed to condemn the bank. for this rapid reduction in their discount Thom it must be admitted that in view of the movements among the banks in Philadelphia and Baltimore it is well that the contraction hero commenced in such good earnest. The wont la over with the bank. of this city ; they have placed thieseshes In a position of great strength, and are now, we believe, im prepable. The hanks of this city in particular are lust now entitled to much consideration from the ttyy at= They have Lone up ageing the great shock the banks of other ties have toppled down like som2 lease bricks, and public confidence in them is unite p. Under the present system of management this confidence will be preserved. The above returns must be satisfactory to ell parties interested. WASIONOTON, OCT. 2. The financial pressure is seriously affecting the public revenue. The treasury receipt. het week amounted only to 660,2.57 dole.; drafts paid, 1,666,518 dole., draft, 'hued, 1,829,636 dole.; reduction for the week, 1,169,429 dole. But a small amount of public debt MOlB to hand to-day, but a ' large amount is expected to-morrow. The Secretary of the Interior has recently invested Dearly one million dam in the state stocks of liliwourf, Pennsylvania, Illinois, North Carolina, Tennesere, and Virginia, in trust for the various Indian tribes. AU but fifty thousand dollars of that amount has been drawn hem the treasury. The Present time was chosen for the investment in order to contribute something towards the relief of the money market, while 180,000 dole. has thus bean reared in the transaction for the Indians. PHILADELPHIA, OCT. 2. Much diwatiafactlon is exprereed among prominent demo crats here in reference to the reading of a call just prepared for • mass meeting to be held on Monday night in Indepen dente-square. The meeting I. to be a demonstration of oppo- sition to the legalisation of bank suspension of specie pay meat. Some of the legal organs reuse to publish the mil, 'eying that their objoction Is not 'pima the meeting, but against the inflammatory style of the call. It was reported on the atrect aim afternoon and generally credited among the brokers, that the Reading Railroad had failed to meet a note, and that it we consequently protested. Mr. M. R. Wendell, ' the agent of the Middlearz Company, Bevy State State Mills and the Now York and New England Narita ColnP ll 79 had made an assignment. Stocks hoary. P s, lauded 79; Reading Railroad, 161; Long Island , ; Pennsylvania Railroad, 391. ALBANY, Om. 2. Circulating notes to the amount of 260,000 dole. were re ceived at the Bank department to-day, up to 6 o'clock. About the name amount was received yesterday. flaperin tendent Cook yesterday released 150,000 dolt. worth of stack aecuritiett, and about the name amount was released to-day. A large pile of circulating notes yet remain in the depart ment uncounted, although work in the effete is kept up until about 9 p.m. Notwithstanding the depression In stocks, the half million loan will be offered by the Commissioners of the Canal Fond on the Bth inst., according to advertisement. Boeroo, OCT 2 . The meeting of merchants, to consider the tiLia cial emergency, wee largely attended. J. Thomas Berm mon, Esq., prodded. The meeting adopted the following re solution, .. -- tre;orved., "That in the present &agency every effort should be made to support end protect the mercantile honour of the metropolis of New England." Resolved, "That as long ao new York maintains her high and honourable position in sustaining public credit, the mer chants of Boston will sustain and maintain her honour, by rendering all the aid in their power to continue their Liminess upon a specie basis. Resolved, "That the voluntary suspension of banks is a great public calamity, and should not be entertained by gentlemen of high mercantile honour, only In the last ex tremity." Resolved, "That the merchants of Boston have undoubted faith in the security and ability of the banks of this city to pay all their liabilities in any extremity." Resolved, "That it is the duty of the banks, as well as in dividuals, to render each other all the aid partible to carry us through the preeent crisis." Thu sentiment of the meeting was three to one against any bank suspension. It is understood that the roe feeling Is quite unanimous with all the banks of the state. Six O'CLOCK T. X. Money matter@ masks about the same. The general re pudianon of bank mtepension manifested at the meeting of the merchants to-day gives more tone to public confidence, bat doss not abed relief. The pre is steady, and heavy business at the Brokers' Board is nearly suspended. florae few railroad shares sold to-day. The failures reported to- day are Parsons, Culler and Co., dry goods, and Moses Pond end Co., stave dealers. Drown. Morn. Ocr. 2. The Monks redeemed their bills till Ai , Air the us ual hour of closing yesterday. Today the run hes entirely ceased. Lovisvu.kl, A despatch to the Bulletin says the .13zel;nge,ibeiky- Lawrenceburg and Trenton Beaks of Tennessee ' have suspended. The run upon Hunt and Co., of this city, ceased before the close of loudness. They are considered aroug, New ()Jamaica, Ocr. 1. — Thee agents in this city of the Northern Bank of Kimissippi were unable to redeem lta notes to-day. The money market is feverish. NEW YORK MARKETS. Naw Youi, Ocroaan 3. Cotton.—The market was quiet and prices noadnal. Shipments continued to be mede ea the owners' account. The receipts at the ports during the ped week have been 14,000 hales, against 34,000 during the same week Wiper, and 57,000 the year before. The backwarebeeesof the present crop is Wu folly confirmed. The export to Great Britain for the week ie 4,000 balm chiefly from New York. There I. nothing yet exported to France. Breedstuifc—Flour The market was much demised, espedally for the common and lower grades of State and Wools's. Canadian wee also lower. Southern brands were &prima and lower. Wheat was inactive. The receipt were moderate, and the market closed at about 5 cents pee bushel decline, especially on Southern red. Frta.—To Liveries' about 20,000 to 30,000 bushels of wheat were engaged in ships' bags st 601. to 7d., and 3,000 to 4,000 barrels flour were engaged at 2.4., end about 500 balm of cotton at id ; cheese waste 265. To London ofl-cake wea at 22e. 6d., and 100 barrels of flour ware engaged at 2a. There was nothing of importance reported for the continent. AUSTRALIA. ARRIVAL OF THE ROYAL CHARTER. LIVERPOOL, alef 911/AT. The " Eagle " line screw steam ship Royal Char ter, Captain Taylor, arrived here this morning from Melbourne, after an excellent psasage of 63 days. Her advice' from Melbourne are to the 14th August, considerably later than any previously received. She has brought a general cargo of wool, hides, tallow, &c., 118 passengers, and gold to the value of 360,0001. On her . passage home, the Royal Charter spoke the following vessels : Victoria (Norwegian barges), standing southward. Sept. 6, 5 p.m., Ist 51.26 lon. 49.11 ' • Morning Light (clipper abip), standing to the southward , Sept. IL tat. 24.13, ton. 26.28; Eweeks, 19, lat. 17.46, low 27.40; overhauled and passed French ship, from Callao . to Ham; Alma (English ship), standing to the southward, Sept. 22, lat. 1.52, lon. 28.10; Ruston (English benne), from Liverpool to Ad. laide, Sept. 24, lat. 1.14, lon. 27.17; Royal Stuart, from Calcutta to Havre, Sept. 28, Ist. 9.40, Ism. 26.25; Nep tune'. Favourite, steering southward, Sept. 29, 11 a.m., lat. 11.22. lon. 27.6; Balder, from Rio, out 62 days, Oet 6, let. 28.7 N., km. 36.41 W. • Dell Haven. steering to the north ward and eastward, O ct. 7, tat. 33.3 N., lon. 36.25 W. The Mermaid and Alberta were to have sailed for Liverpool on the 16th of August. The Essex was to sail for London on the 25th, and the Northumberland early. The Chinese difficulty, noticed in previous de spatches, was daily assuming more alarming propor tione. Meetings were being held all over the country for the purpose of considering what steps ought to be taken, and there was reason to fear that the agitation will not be much longer confined to mere speeches and evolutions. A collision between the Chinese and the other diggers at the Golden Point is already reported. The state of the labour market may be inferred from the following announcement : A meeting of the unemployed labourers and arthena in Melbourne and its vicinity Is at length announced to take place In the Eastern Market. Them ars many obvious remiss why they have hithertoabstained from such a Wilk demonstration. Having at last resolved upon the experi ment, we trust they will receive a generous weed of public eYeljetb7. me Age thus reports the markets for the week previous to the sailing of the Royal Charter : The import markets have, throughout the week, continued b. smiler uw..e i.L. 1, pi, *Lich has already prevailed too long. Among the wereholieemeet some little thipttnesenthee been apparent, an orders from town and country for spring are beginning to come in. We can scarcely expet any change for the better among importers until the arrival of the next mail, and only then if our advice* bring us intel ligence of decreaaing shipmenta. For several mails put the hope of the commercial community hu been, that shippers at home bed taken the precautioa jo diminish their eon 4nments. But hitherto this hope has been 41414 However, the advices transmitted i n M arc h lad will pro. bably have told more effectually by the time the mail next to arrive would be reedy for starting, au that ft is to he hoped our news will be more favourable. If otherwiae, from the in creasing stock., and the drain of money which revolts from the large advancee upon these goods, great mischief must revolt, =lux indeed we have unlooked-for prosperity on our old and new diggings. Anything which could increase the available memo of the population, and thus create a large demand for all kinds of gook, might go far to neutralise the evils which must otherwise result from the enormous over stocking of the market. and the drain upon our pecuniary mamma which this etc:wive importation involves. Hems. J. H. Clue and Co. give the following report of the wool, tallow, and hide. market: Wool—During the past week a public sale has been held, at which about 200 balsa were offered ; two lota were withdrawn, and the remainder sold at prices a shade lower than last iale. Tallow—There la still no demand for ahipmenx We have sold scone few lota for local ume, and for beef 441. to 471. per ton ; mutton, 661. per ton. Two lots were offered by auction, but found no buyers. Hideo—We have no traimactirma of coneequenos to report. From Moen. W. Clarke and Sons' Vieloria Gold Circular we give the following report for the week :—The prices for the week have been—For Csatlemeine, Banditiuret, and Goolburn, 76a. 34. to 765. W. ' • Maryborough, Avoca, Downy, Chinamazie, Fiery C ree k, and Area*, 775. 3d. to 775. 9d. ; Jones's Creek, Sandy Crook, and Moreno, 765. 94. to 77e. • Ovens, 77e. 6d. to 795. 6d. ; Ballarat, 7k. to 90s. A lar ger quantity than until has been brought to town during the week, and we may notice that the Chinese from the Rockland have been arriving and selling their gold previous to leaving the country. The late disturbances have caused much consternation among these people. The accounts from Ararat are exceedingly good, and the escorts (run Dunolly end Ballarat are 'Arnaud by the gold obtained there. -- EdmoreeseeMs likely to command some attention, ea me large parcels of gold have unwed from there ; it is der ived from the quartz reef of the neighbourhood. We have received mine gold from the Avoca diggings. Its appearance fa similar to that of the Gipps' Land country, and we believe its iseness to be about the same, but shall be able to report by nest circular. The escorts have brought us 68,125 oz. The heaviest items are—Bandhumt, 10,296 m. 10dwt. ; Ballarat, 17,778 oz. 10 dwt. ; Bockworth, 12,068 oz. 10 &rt. For the year: Oz. Dwta. January 244,320 0 February March 166,662 6 Z a 177,286 0 22,810 10 Jos 2 July ,176 231,361126 0 10 68, Alegre d Gold shipped urbg the week : Par Avon, for London 11,648 5 „ Ocean Chief, for Calcutta 4,068 0 • Daniel Rose, for Hong Kong 10,370 0 „ City of Sydney, fur Sydney „ Heather Bell 89,728 17 We have Adelaide journals to the Bth instant. The Register thus represents the present position of the government : " It is now perfectly clear that the government can by no possibility carry the pro gramme with which they came before the country at the opening of the present session of parliament. Their most important measures are either negatived or kept back, and the policy of the opposition is tri umphant in the house." Commercial readers will be interested to know that the gold coin of Sydney was to be proclaimed a legal tender in South Australia as soon u notifica tion arrived of a similar step having been taken in Victoria. The only other topic worth special notice is the departure of a party under Captain Fretting to make further explorations into the new Lake Tor rens Paradise discovered by Mr. °eider. Our latest advioes from Sydney extend to the Bth August. A violent storm bunt over the city on Monday, the 28th of July; and a great portion of the country has since been deluged by torrents of rain. The Hunter river again rose over its banks, and inundated all the low-lying lands in its course. Some of the journals represent the flood as being more destructive than the first. The south-east gales have also committed fearful ravages around the coast. Several vessels are known to have been lost. The following are the principal items in the com mercial advice.: Flour is firm, but there is no alteration in price. Tha millet guste fine flour at 261. per ton; seconds, 23/. ditto. Wheat, Ioe. 6d. per bualml. LIQVIDB.—The market is a little easier, but holders are not dieposed to sell in any quantity except at full rated. Brandy is worth from 19s. to 19s. 6d. In rum there is no change, 10 0.p., 4a. 10d. to 6s. ; 30 0.p., 6..9d. to 6e. Geneva continues steady at 16a. 6d. Wines are saleable at fair prices. Beer in bulk, and bottled ale and porter, came/and quota. TASMANIA. There is no political news of interest from Hobart Town, and the social condition of the community has been much excited by two murders, the details of which are not worth publishing. NEW ZEALAND. The latest advice, from Auckland are to the 18th of July, but they do not contain matter of general interest. Local topics are the great features of the journals. The same report applies to the other settlements in the islands. The Portuguese authorities at Lisbon placed the Plain=lar and Oriental Company's mail packet Turns in quarantine on her last voyage, because the hose of the Water tank ashore was laid over the ship, the yellow fever being at he time prevalent ashore at Lisbon. The American ship Richard Anderson, Captain Come, left Rotterdam for Baltimore, August W. On the 23rd of September in lat. 44.9 north, lon. 38.12 welt, she =nag • leak. The water continued to increase In bar, not withstanding the exertions that were made, until the 27th, when she met with a hurricane from the south-west, in which the mew lost all their sails and boats, and the ship was thrown on ber beam ends. The cargo got adrift and its water rapidly increased in the hold. The aim continued in her until the 29th, expecting every hour the vend would sink, when the barque Ville de Feaemp mime in eight and took the captain and crew off the wreck. At that time the planks were under water. The captain and crew, with the excepts= of one man, who was drowned, were transferred to the barque Sir Edward Parry, bound for London. They were afterwards placed in a pilot boat and landed at Wey mouth. tae Atenntniat MAILS.—The British and North American Boys! man Steam ship Persia, Capt. Judhios, left the Mersey on Saturday morning with the usual mails tot the American continent, a full cargo and 212 passengers. TILE AESTRALIAX MAlLti.—Orelt complaint, COMO in to us from all quarters with respect to the neglkmos which prevails at both the Melbourne and Sydney Poet oaken in not forwarding letters and papers which are paid for to be sent rid Marseilles. One would think that so simple a matter—especially as all papers and letters are pre paid, arid the rate of postage is officially declared to be the proof of the route by which they are to be sent—could be easily arranged.—./ 'aeration and New Zealand Quetta. THE BENGALESE BEFORE TIRE 3IUTINT.—There are, doubth,s, hundreds of English parents in this country who remember with feelings of kindliness and gratitude the nursery bearer', or male flumes, who attended their children. The patience, the gentleness, the tenderness with which theme white-robed, swarthy Indians attend the little children of their European maters, surpass even the love of women. You may see them sitting for hour after boar, with their little infantine charges, amusing them with toys, fanning them when they slumber, brushing away the flies, or peeing the verandah with the little ones in their arms, droning the low monotonous lullaby which charms the m: to sleep. And all this without a shadow on the brow, without a ges ture of impatience, without a single petulant word. No matter how peevish, how wayward, how unreasonable, bow enacting the child may be, the native bearer only smiles, shows his white teeth, or shakes his black locks, giving back a word of endearment in reply to young master's imperious discontent. In the sick-room , doubly gentle and doubly pa tient, his noiseless ministrations am continued through long days, often through long nights, as though hunger end weari ness were human frailties to be cast off at such a time, It is little to say that these poor hirelings often love their mister's children with greater tenderness then their own. Parted front their little charges, they may often be seen weeping hie children themsehee • and have been known, in after years, to travel hundreds of miles to see the brave young Endo or the blooming maiden whom they once dandled in their arms. These men, it la true, ere not Sepoys ,• and it would seem that the instances are few in which the native servant, Ulnae° or Mombasa, has turned ageing hit European master. Bat the Sewer hoe ever shown the leM• kindness towards the children of his English enter. Be appeared to rejoice when a man v.hild was born to his captain, end to share the pride mem dersd b the event. Who has not seen the orderly in the playing with the children of hie carer, and en deavouring to attract their Innocent careens? Who would not have confided his wife and children to the care of such men ? Wh3 did not feel security doubly secure If a Sepoy escort attended an English lady on her journey, or • Sspoy vend were posted at the door f They who knew the Savoys hut, trusted them most. If any E nglishman of long tn &elfre with a native regiment had a year ago bars le believed that, under any oirceznatances, the of fiepoy w ould outrage and murder the wives and daughters his caws sad cut their little children into pieces, he tonic have answered, without a moment's hmitation, that It was closely an impoesilatty,—ldiebwrlA Replete, new numbs,.