The Sun. — London, England, 1839-11-08 00:00:00

EVENING EDITION. COURT CIRCULAR. WINDSOR, THURSDAY.—The Right Hon. George and Lady Agnes Byng took their departure from the Castle this morning. Lord Alfred Paget arrived last evening, and has re lieved the Hon. Col. Grey in the duty of Equerry in Waiting on her Majesty. Col. Grey left yesterday. The ar r i va l s t o -d ay a t th e C ast l e i nc l u d e t h e i r R o y a l Highnesses the Duke and Duchess, and the Princesses Augusta and Mary of Cambridge, Count Albert Ester hazY, Earl of March, the Lady in Waiting on the Duchess, and the Gentleman in Waiting on the Duke of Cambridge. Her Majesty has a dinner party this evening, which 15 expected to be composed of the following guests—The Duchess of Kent, the Duke and Duchess of Cambridge, the Princess Augusta of Cambridge, Prince Ernest of Saxe Coburg, Prince Albert of Saxe Coburg, Count Albert Es tcrhazv, Earl of Uxbridge, Earl of Errol, Earl of March, Viscount Melbourne, Viscount Palmerston, Lady Lyt tletcm, Lady C. Dundas, Miss Kerr, Hon. Miss Cocks, lion. Miss Murray, Lady Caroline Barrington, Baroness Lehzen, Viscount Torrington, Baroness Knese beck, Count Kolowrath, Baron Alvensleben, Hon. C. A. Murray, Hon. Major Keppel, and Lord Alfred Paget. In the evening the Countess of Uxbridge, and the Ladie s Eleanore and Constance Paget, are expected to join the Royal Circle. The Band of the Rifles attended at the Castle last evening. The Duke of Cambridge left the Royal Military Col lege at Sandhurst yesterday morning for Windsor Castle, on a visit to her Majesty. The Duchess of Cambridge, accompanied by the P vineess Augusta cf Cambridge, and attended by Miss .L err and Baroness Knesebeck, left her residence at Kew yesterday on a visit to the Queen. The Commander of the Forces had an interview the Marquis of Normanby yestarday at the Home Office. Mr.. French, M.P., had an interview with the Noble Marquis yesterday. Despatches were sent off last evening from the Co lonial Office, for the Right Hon. C. Poulett Thomson, Governor of the Canadas, and also for Sir John Harvey, Lieutenant-Governor of New Brunswick. • EASHION ABLE 1N TELLIGENC ARRIVALS. Mr. a n d L a d y L ou i sa P o l e , i n Manchester-square, from Brighton ; the Earl and CountcEs Cowper, in Stanhope.. street, from their seat Pansanger, Hefts; the Hon. Lady P ellew, in Grafton-street, from Cheltenham ; Sir Rufanc .nd Lady Anna Maria Donkin, in Park-street, from Ire tind; the Marquis of Headfort, on Cumberland-terrace, negent's Park; Col. and Mrs. Archdall, at the London 41 °tel, Albemarle-street ; Mr. and Mrs. Bayntum, at ditto; Lady Foley and the Hon. Miss Foley, in Portman square; Colonel Vaughan, at Crawley's Hotel, Albemarle street ; the Earl of Pembroke, at Fenton's Hotel, St. J ames's-street ; John Broadhead, from a visit to Lord and Lady Rolle, at Bicton Lodge, in Berkeley-square ; Gene• Pal Viscount de Henin and family at Raggett's Hotel, D over -street, from Chatsworth. DEPARTURES Sir Hamilton and Lady Seymour, from the Carlton Ho tel, for Brussels; Mr. and Mrs. Basil Cochrane, for Paris; Earl and Countess Amherst, for Knowle Park ; L. dy James Fitzroy, for Eastbourne; Sir Thomas Cochrane, 14 . F., for the Continent ; Captain and Lady Georgiana Fullerton and family, from the St. James's Hotel, Jerm3n- Istreet, for Paris; Lord and Lady Rivers, from ditto, for their scat in Essex; Miss Rollinson, Captain and Miss Dolphin, from ditto for Norfolk ; the Hon. Mrs. Oeiorn and Stewart, Esq., from ditto, for Devon ; Viscount and Viscountess de St. Amarm, from Raggett'a Hotel, Dover -street, for the Continent ; the Earl and Countess of Belfast for L • , Leamington Spa; Lady de Roos, from Park. lane, for Brighton ; the Earl of Liverpool, tram Fife House, Whitehall, for his seat, Pitchford Hall, near Shrewsbury. Viscount Loftus has joined the family circle as cmbled at the Marquis and Marchioness of Ely's, Ely Castle, Fermanagh, where the Noble Marquis and Mar chioness intend to pass Christmas. The Earl and Countess of Dunraven have re turned to their seat in the county of Limerick, from Dunraven Castle, Cawbridge. Viscount awl viscoun tess Adare are still at Dunraven Castle. Viscount and Viscountess Combermere, who ar rived a few days since from Combermere Abbey, Che shire, immediately proceeded to Brighton, having m eowed the melancholy intelligence of the sudden death of her Ladyship's mother, Mrs. Gibbings, at Brighton, on Friday last. The deceased lady died from apoplexy, and was ill only a few hours before death terminated her existence. The Marquis of Lansdowne, as Lord President, Will give his first grand dinner to the new Chancellor of the Exchequer and his colleagues in office on Mon "Y next (St. Martin's day), after the nomination of Sheriffs for the ensuing year, in the Court of Exche quer. The Marquis is expected from Bowood Park to-morrow. Earl Talbot has caused a copy of 6ir Thomas Lavvrence's fine portrait of Sir Robert Peel to be painted , a talented artist. It is intended as a companion to be portrait of th e no bl e E ar l. Both paintings are to b e e hung in the drawing room at Ingestrie Hall. It will Tiollected by our readers that Sir Robert, then Mr. ee l, was Secretary for Ireland during the Lord-Lieute -141V of the Noble Earl. Lord Charles Spencer Churchill is labouring un der serious indisposition at his residence in Wyndham- Place. DEATH OF SIR FRANCIS HASTINGS DOYLE, BART.—We have to announce the death of the above gallant Baronet, which took place on Wednesday last.. The deceased, who was a Major-General in the army, bepety-Lieutenant of the Tower, and Chairman of the Commissioners of Excise, was in his 59th year. Mr. Neeld, M.P. for Chippenham, will give his annual agricultural fete to his tenantry, at Grittleton Park, Wilts, on Monday next, when prizes given by the Honourable Gentleman for the encouragement of good husbandman, &c., will be distributed. THE EARL OF GLASGOW—A meeting of the Noblemen, Gentlemen, and Commissioners of Supply of th e C ounty o f Ayr has been called for Friday next, to take into consideration the propriety of recording, by eerne public testimonial, their respect for the Earl of Glasgow, and expressive of their sense of the zeal and interest evinced by his Lordship, as Lord Lieutenant of the county, in support of its interests, for a period of twenty years.—Paisley Advertiser. The Countess Dowager of Clare and Lady Isabella Fitzgibbon have been passing the whole of the autumn with the Noble Earl at Mount Shannon, and have not been on the Continent this season. They return to town in February! The Duke of Sutherland is expected at Stafford House the week after next, from Trentham Hall, to preside at the Scottish Hospital dinner. The re building of Trentham on a magnificent scale, from the plans of Mr. Charles Barry, will not be completed for several years. _ _ _ Lord and Lady Frederick Fitzclarence arrived in town a few days back from Etal House, near 'Woolen His Lordship proceeded, early in the week, to visit the Earl and Countess of Cardigan, at their residence, near Canterbury. The Duke and Duchess of Beaufort have de ferred their return to this county for a week. The Duke and Duchess, with the Marquis of Worcester and Lady Blanche Somerset, have arranged to make a short sejour in Brussels. The Dowager Countess of Desart left Ham House early in the week, for Brighton. The Countess of Jersey left Berkeley-square on Tuesday last, for Brighton, where her Ladyship will S tay a few weeks. The Earl of Jersey leaves town to morrow, to join her Ladyship. Lord Lowther is expected home early in the 'text month from a tour in Germany and Italy. The Marquis of Conyngham left Dublin, on Monday last, for Slanes Castle, county Meath. His Lordship arrived at Dublin on Saturday, from Beau desert, the seat of the Marquis of Anglesey. Lords Alexander Cosmo, and Henry Russell, have arrived at the family residence in Belgrave-square , fro m Scotland. Lord awl Lady Wriothesley Russell have come to town, and are staying with the Marquis of Abercorn. Lady Herbert Taylor has arrived at. St. Leonard's from town, having taken a mansi on there. for several months, where her Ladyship:will live in strict retirement. Sir B roo k T a yl o r, brother of the late Sir Herbert, is Stayin g with her Ladyship. SACRED HARMONIC SOCIETY._J u d as Mac cabeta, one of Handel's finest sacred oratorios, Was re peated yesterday at Exeter-hall. As usual, there Were more than 500 persons in the orchestra, an d an audience of as many thousands in the Hall. The at tractions offered by these concerts to the real lovers of sterling music are undiminished, notwithstanding their frequent occurrence. On the contrary, they appear to g . r°v• with time and increase by repetition, a proof, if any were wanted, that a capacity to understand and appre ciate the highest range of music is very general on the Part of th e m iddling and respectable classes. The way 4 Which Handel's choruses are performed by this So. c ' e tY is beyond all praise. The perfection of which we °Peak must have been the result of a vast deal of per severance and patience on the part of those who have given thei r professional attention to the labour of con rolling and teaching. They have their reward ; for a finer chorus than the one belonging to this Society is not tt,,e°be f oun d i n E urope. Th e ora t or io terminated with " Hallelujah, Amen" chorus, a most magnificent r..position, the performance of which electrified the Tlence. Much credit is due to all the persons en gaged in the production and continuance of these con the tB. They are a national credit, and as such deserve I.tnbounded support they meet. We_ orn are happy to learn that the observatory, 4 11.0 e time since in contemplation for the officers of the yal Artillery and Engineers, is now in course of construction. The for the building i s 01 the L iriclCke 1 ,1 let Jo s . ,' 3 ; t I , llol' • " " i l ) ( l‘,,tOry ‘4l . ..batttay, 011 the right wine el the barra.— "° O lWiCh Advertiser; RIOTS AT NEWPORT. (FURTHER PARTICULARS.) NEWPORT, WEDNESDAY. I am happy to state that the fears so generally enter tained of another attack in the course of last night have not been realized. There is no doubt, however, from the testimony of various persons, that there were large assemblages of the miners and colliers on the hills ; but it is supposed that they must have gained information from their scouts of the arrival of the detachment of the 10th Hussars, under the command of Major Smith, of the Bristol staff, and Lieutenant Cavendish (nephew of his Grace the Duke of Devonshire), who continued to parade the streets for several hours last night. A suspicious-looking character, who is supposed to have been acting as a spy for the Chartists, was last night brought before the Magistrates, he having been found prowling about the hotel, and from his not being able to give any satisfactory account of himself, merely stating that he came from Merthyr to look for work as a tailor, he was ordered to be locked up for the night. The vigilance and activity of the magistrates, and the arrival here to-day of a further reinforcement of troops, a de tachment of Lancers, who have come from London by forced marches, have already succeeded to a very great extent in restoring the confidence of the inhabitants. Still the general feeling is that it will be necessary that a considerable body of military should be stationed in this district for some time. When Frost and Waters: were addressed by Mr. Blewitt on their being committed, Frost said that he had nothing to urge why he should not be committed. He intended to make a defence at the proper time, and requested that he might be fur nished with pens, ink, and paper. Mr. Blewitt replied that the orders of the visiting magistrates must be com plied with in those matters. It is gratifying to learn that the destruction of pro perty was confined to the Westgate Hotel, which was the first and only building attacked—thanks to the gallant conduct of the small band of the 45th. Pre vious to the commencement of the examination by the magistrates this morning, I busied myself in making inquiries as to the state of the unfortunate per sons who had been wounded, in endeavouring to ascertain how many of the dead bodies had been identified, and such other particulars as would 1:e likely to possess any interest. Thomas Phillips, Esq., the Mayor, I am sorry to say, has passed a bad night, still it is to be hoped that a fow days will bring a favour able turn. Mr. Walters, a respectable innkeeper, was also most dangerously wounded by the rioters, and lies in a very precarious state. Mr. Walton; was despatched on Sunday night by the Mayor, on a spirited horse, to reconnoitre the rioters, but they intercepted him on his returned, and endeavoured, by tying cords across the road, to throw his horse ; in this they were not success ful, but they attacked him in the most cowardly man ner with their spears, and inflicted a deadly wound in his thigh. Mr. Williams, ironmonger, and Mr. Mor gan, draper, were very badly wounded ; the former re ceived a gun-shot wound in the head, a cut across the knee of about four inches long, and a stab in the side from a pike ; but Mr. Williams is receiving the best surgical attendance, and it is hoped he will recover. Mr. Morgan was wounded in the integuments by a pis tol-hall, which has since been extracted, and he is sow doing well. Several others have received severe con tusions on the head from their clubs. Sergeant Daly is recovering from his wound, as also the private of the 45th. It is exceedingly creditable to the working peo ple of Newport that they abstained generally from taking part in the affray, or joining the Chartists. Out of the twenty-two bodies which have up to this time been discovered, hot one has been identified as belonging to Newport. All who arc yet known are the following : Shill, carpenter, of Pont-y-pool, a lad about nineteen, who was the first to introduce Chartism into that town ; Isaac Thomas, of Nant-y-glo ; William Griffiths, of Merthyr; and Evans, of Tredegar, miners, and a deserter from the 29th, who were recently stationed in Newport. From all the information I can collect, lam inclined to hope that the piece of the other towns men tioned will not now be disturbed. At Pont-y-pool, Bre con, Merthyr, and their neighbourhoods, many of the deluded men, as well as those who were forced against their own consent by the more turbulent and determined to join the insurgents, have returned to their work ; and they,as well as the poorvrretches now under the care of the medical gentlemen of Newport, strongly declare that they never should have thought of entering on their desperate enterprise but for the constant persuasion and delusive representations of Frost. The system of lawless bri- , gandism which this would-be despot had to a consider able extent established "on the hills," was truly alarm ing. The following case is one specimen, of which it is reported many similar occurred in the course of the week preceding the actual outbreak. It was sworn to after I had despatched my express last night, by Mr. Watkins, a Pont-y-pool' carrier, viz., that. he ( Mr. Watkins) and Mr. Brugh were going in a gig on Sun day night to Pont-y-pool, when the were stopped be tween Cross-y-ceily and the Hollybush by a number of armed men, who compelled them to accompany their party to the Machine near Newport, where they were put up stairs and guarded till about three o'clock in the morning. The party were then marched off to the Oak beer-house, near Risca, where Mr. Frost being sent for and knowing Mr. Brugb, discharged them, remarking that he hated his politics and all him -set, but he should release them for private reasons; I have also learnt that such was the tyranny exercised by these desperadoes, that it has been discovered that a party of them absolutely murdered, in cold blood, two unfortunate, but better disposed men, who refused to follow them in their desperate undertaking. From the whole appear ance I have no doubt but that the chief instigator and prime mover, the very heart and soul, indeed, of this mad scheme, Frost, never for a moment doubted the success of his scheme, as he was rot in any respect prepared for the consequences of defeat, not the least precaution having been taken for his own personal safety or that of his misguided followers. His plan was to make the Magistrates prisoners, to take possession of the principal hotel and to become masters of the town, and eventually of the whole of South Wales ; then it was thought the Chartists would rise in the north and follow their example, as both Frost and Vincent have been heard many times to declare in their speeches, that if the Chartists could hold possession of a single town for a week, the Charter would become the " law of the land." This is, in fact, a physical force attempt to carry the Charter. I sincerely trust its failure in this case will prove a salutary warning to all adventurers who rely only on appeals to the worst passions of human nature. 'rhe Magistrates recommenced the investigation of the charge s for high treason this morning. The first prisoner brought up was James Aust, a master gardener, of Carleon. Mr. Blewitt resumed the arduous duty of conduct ing the examinations. The first witness called was John Richards, who stated that he was a cordwaiuer, residing at Carlcon. Has known the prisoner James Aust, at Carleon, three years. Saw him about nine or ten o'clock on Monday morning last at Part-y-pile, where the witness was at work, with about thirty more. The prisoner was armed with a gun. Two of the party came into the shop, and pressed witness and two others in the shop. The said, " lads come along with us." They asked for what purpose. The prisoner and his companions re plied " come along with us and you shall see." As they were armed, witness and his shop-mates were afraid, and all three went out with them the witness, John Dallimore, and another whose Chris tian name was George. Some of the party then went to witness's master's house, and took away a gun from up stairs, saying they would return it again by and by at night. There were two leaders who carried axes. :Aust and the rest then went through the Cominon into the Pont-y-pool and Newport-road, where there were a great many people, most of them armed with sticks. All then marched together a great way. Came to a lane where were a great many more. Heard the people say there was a shooting in Newport. The two leaders then said, " fellow us," and went up the lane. James Aust came as far as Mr. Corder's gar dener's house. He went in there, and some of the leaders missed him, and inquired of each other where he was. Some in the crowd said he is gone into the gar dener's. They then proceeded to the turnpike house and searched for him, but could not find him. He (the witness) tried to make his escape, but was prevented. When they reached the house the colliers made a stand, and on the first opportunity witness and his shopmates escaped, arriving home about one o'clock. The prisoner said he had no question to put to the witness : what he had stated was qu:te true, John Dallimore entirely confirmed the statement of the preceding witness, and, in addition, said he saw Aust load his gun, and a man stood by with a bag-full of bullets, and also powder—he dared to say a pound. John Matthews stated that he was a gardener in the employ of Thomas Protheroe, Esq. Had known Aust revolution eight mont h s. I n t h e s ummer had a conversation with him on t h e subject o f t h e Charter on the road to Newp ort , weregust's t o man takea nw talki ng a b out a revolution. Th e w it ness said, if a p a l s w ace i , th him. They were the Russians would come in. A ust said it would be b etter t o b e u n der the Russians than the British Government, as it was constituted at present. He told witness that he believed he should lose his life in the c ,lock cause on of th e Ch arter. his master's ; saw Monday loa :8 Lodge B , t w v e t e n n e s s vw v e he n inl et and to d wb eightdown break fast aktoo. Aust and anot h er ma n named Davis ne a r M r . P rot h er fast witness he ar d a terrible noise n the stable-yard. On going out saw th e y ar d nearly full of i people. were trying to force th e coac h man to go with them rr ; he resisted them. They also caught hold of the witness. It was no good to resist, as they were all armed. When i p d r toisoner Aust, s witness , the witness got into the road, h e saw the who had a gun in his hand. Aust sa "Oh ! you are here." Witness said ye did not appear under any constraint. He continue ue us d t with the party till they arrived at the t wo roads, ou 1-adingTh to the or. Horse Shern and the other to L 1 next.] The Magistrates have just received a communication from the Marquis of Normanby, Home Secretary ; and the Magistrates and officers will meet immediately to deliberate upon it. lowed. The Rhode Island banks had stopped, stated, however, to be temporary, and waiting to see , how the New York bank s " g o on ." The banks of Virginia also, or at least a large proportion. Those of Baltimore and Maryland. The banks of Washing ton city and district, with one exception. The banks of New Jersey intimated their intention to continue paying out specie for ordinary lifisiness so long as they were supported by the people. The banks both of North and South Carolina had suspended, and ge nerally, it is stated, that the example would be fol lowed by all the Banks of the south and s outh-west, from which the interval of time which must elapse pre vented information from being received in time for the packet. The New Orleans banks, it was believed, were quite strong enough to weather the storm, and from their vicinity to Mexico, possessed facilities for procur ing specie to such extent as might be needful, whilst the new cotton crop was coming forward, and would afford ample means of exchange on Europe to be drawn against. As these banks, with those of New York, enjoy a com manding position in the union, their stability may do much to prevent the further spread of the mischief. The Bank of Middleburg, 111 Vermont, and the Wil loughby Bank at Brooklyn, had announced the intention of winding up their affairs. MONEY MARKET and CITY NEWS. (THURSDAY EVENING.) TIMES.—The failure of the United States Bank on the 10th ult., which was announced this morning in the accounts from New York brought by the Liver pool, has surprised no one who has attended to the facts stated and the warnings given respecting it tinder this head during the last two years. This has been, however, it is to be feared, a very limited circle, for the temptation of very high interest on the shares of this Bank, which ought in itself to have excited suspicion, has blinded the multitude to their danger, and the mischief and ruin therefore which are about to ensue must take a very wide range indeed. If the subject had been as well understood by the public as it is by the small circle referred to, the failure of this bank would have been received as an event equally certain with that of the rising_ of the sun on the morrow . It s hi s t ory En d it s conduct for the last five years have been before the public, and there was only one sound conclusion to be drawn from them. 'We saw this Bank, under its old charter from Congress, suddenly and rashly increasing its issues to an unprecedented extent, setting an example of overtrading which wns eageriy followed by the State Banks, and produced that expansion of credit which was the exciting cause of the inflated speculations of 1836. Its next step was. as a cover to its embarrass ments, issuing post.notes, payable twelve months after date, to the New York merchants, under the pretext of giving them relief, and taking in exchange for them a portion in money and a portion in short bills. Next to this was the suspension of specie payments, under the general stoppage which took place of the whole of the banks of the Union, when, if really entitled to the dis tinction claimed of being the first bank in the country, it should have stood alone in the example of a conti nuance of such payments. To this succeeded the speculations in cotton, also covered by the hypo critical pretence of assisting trade, and trumpeted forth at the same time as an additional means of profit and credit to the Bank itself, and which actually led at the time, under that impression, to a con siderable rise in the value of its shares. After thie The effect of the disastrous intelligence brought by the Liverpool steamer has not acted so extensively upon the state of the English Stock-market as was anticipated by many. It may, indeed, he observed generally, that accounts of the Stock and Money markets of New York, however favourable or the reverse they may be, produce little effect on .the Stock Exchange here, where Ame rican Securities are little, if at all, dealt in. Consols, however, were aff,xted to the extent of s per cent., leaving off at 89i to 90 for Money, and 90i sellers for Account. Bank Stock was 179 to 180: India Stock, 250 to 251. Exchequer Bills, 12s. to 10s. discount. A suspicion existed among the dealers tbat certain Atlas of Consols during the day were for account of the Bank. POST.—The suspension of specie payments by the United States Bank at Philadelphia is an event that cannot but be regarded as a very great calamity to a large portion of the American community, especially as it is one which must, in all probability, lead to a ge neral prostration of the Banks at New York, and, in fact, throughout the whole of the Union. The fall of this eminent establishment must also most seriously affect British interests, The shares are extensively the empty boast was put forth that the United States Bank would be the first, after the stoppage, to resume specie payments, instead of which every pos sible excuse was resorted to to justify May, and, not contented with this, active measures were taken to prevent the other banks, who were perfectly prepared for it, from resuming. Even then Mr. Biddle, though compelled to the resumption by the very shame of it, put forth from time to time through his organs the no tion that the resumption had been much too early, and would be productive of future mischief. Then we saw Mr. Biddle—another cause of suspicion, not un noticed at the time—politically withdrawing from the management of a concern, the fate of which, with the knowledge of its affairs which he possessed, could not have been in his mind for an instant doubtful. Never theless, and this is adduced as a proof of the absolute dishonesty with which the affairs of the Bank were conducted, the letter announcing his resignation con tained the following passage, the knavery of which, knowing what we now know, is certainly not to be sur held by the capitalists of this country, and, where it becomes necessary to realise at the current market value, the sacrifice must of course be great. Letters have been received by the holders of these funds from the Bank itself, in which its solvency is alluded to as beyond all suspicion, and the sale of them is accordingly deprecated in the strongest possible terms ; yet there is no doubt that, as some uncertainty is felt, with regard to the payment of the half-year's dividend becoming due the Ist of January next, many timid per sons will turn a deaf ear to the precaution. We have only to observe that the advice tendered by the Bank upon this point is supported by the earnest recommen dations to a like effect of mine of the most intelligent merchants writing from Philadelphia and New York at the moment of the steamer's departure. The stoppage of the rest of the banks in Philadelphia, the Baltimore, Virginia (Columbia), Carolina, Georgia, and other banks, had already taken place, and that their example would presently be followed by those of New York was nearly certain. Tile disorganization of the banking system of the United States seems, indeed, to be once more all but complete. As a purely national affair, we cannot say that we think this, the second failure of General Jackson's metallic currency project, for such it must, to all intents and purposes, be considered, ought to be regarded in Eng land with feelings of regret, but quite the contrary. Of the efforts made by Mr. Biddle to prop up the price of cotton and other American produce in Europe, by the extensive advance he made to the planters and ship pers, we never approved, or could approve. His inter ference with the markets has done incalculable mischief on both sides of the Atlantic ; but the great contest was between the Bank of England and the United States Government, backed up as it has been by the lower orders in America ; and, that the former should again have triumphed now, as was the case in the first in stance, is a result that we sincerely rejoice in. The repeated disgraces brought upon America through the egregious folly and the equally egregious obsti nacy of the Government, have not failed to call forth the most unqualified expressions of indignation from many of her most respectable citizens resi dent in London. Such expressions are but na tural, and most richly are they deserved. Had the ad vice given by Mr. Biddle to the rest of the banks, with respect to the period when a simultaneous resumption of specie payments, subsequent to the last general suspen sion, should take place been attended to, the break up which has again occurred might have been avoided. It is now apparent to every one that the measure should have been delayed at least a twelvemonth longer, or, in fact, until the administration should have abandoned its impracticable theory of a metallic currency. In 1837, just after the resumption ;vas ventured upon, the corn crops of America totally failed, and no less than 3,921,259 bushels of wheat had to be imported into New York alone, so that there has been the same evil to contend with in this respect as in England. There was a heavy drain on the national resources to pay for bread stuffs. Should the New York banks not suspend before the meeting of the Legislature in December, it is conjectured that half the merchants in that city must inevitably give up, owing to the di minished accommodation that would, under such cir cumstances, be afforded them. It is also considered that the stock or shares of these banks must undergo a serious depreciation, inasmuch as thsy will be left with no other assets than the acceptances of bankrupt mer chants to represent their capital. In adverting to the causes which have led to the embarrassments of the great Philadelphia institution, we find it remarked in a New York paper that, " largely involved as the bank was in the Southern States, holding there an immense amount of debts—in the ordinary course of things the most secure—it has converted, as the better alternative, individual debts into State debts, calculating on the facility with which the latter were sold in Europe ; but in this it has been disappointed by the unfortunate consequences of the failure of the crops of grain in the north of Europe." This is, no doubt, the true state of the case. The bank has lying here State stocks to the amount of 15,000,000 dollars, and the intention was, as we plainly see, to saddle them upon the British public. How can we wonder, while such wholesale absorption of our capital is permitted, the circulation gets into a state of almost inextricable derangement? The security may, in many instances, be good as long as peace is maintained between the two communities ; but our treasure has been taken from us in quantities, the abstraction of which cannot but have done much to bring our monetary affairs into the condition in which we find them at the present moment. We may add, that as all the post bills of the United States Bank would be due by the end of October, the greatest importance was attached to the issue of Mr. Jaudon's struggle to overcome the diffi culties of that period. passed : " I have waited anxiously for the most appropriate moment at which I could be best spared ; but hitherto, whenever I have sought the retirement I so needed, some difficulty, in which my service was deemed use ful, always interposed to deter me. None such exists now. All the political dissensions connected with the bank for the last ten years have ceased ; all its extraor dinary efforts for the protection of our national interests are happily ended ; and the Bank has returned to its accustomed channels of business in peace. I can there fore withdraw at length without inconvenience, and I do it the more readily because I leave the affairs of the in stitution in a state of great prosperity, and in the hands of able Directors and officers." Encouraged by this, and the gullibility of the public on this side of the Atlantic, the game of borrowing; and of " raising the wind" in every form and shape went on with greater spirit than ever. Post-notes and bonds were scattered all over England and the Continent, until the Money Market of every capital in Europe was full to saturation. No account of the affairs of the Bank, during all this time, (another cause of distrust), was ever published, when it was apparent, too, in ithout any account, that the available means of the Bank were gradually diminishing, though it had chests full of the shares of other Banks, and State Stocks, and Joint- Stock Companies, with all descriptions of worthless securities. The following warning, which appears in a New York Paper, published some days previous to the failure, is very remarkable, and it gives besides a good summary of the career of the United States Bank : (From the New York New Era.) " GREAT REGULATOR—NEW MODE OF REGULATING THE CURRENCY. " A great financier bribes the people's representatives to obtain a bank charter, and drains the country to concentrate a banking capital of 35,000,000 dols., which makes money very scarce. To aid commercial mcn, the regulator sells them its bonds, having, from notes due in from 30 to 90 days, trebly secured and paid at matu rity, sends the cash received from the bonds to Lon don, to form a capital there. When the business notes are paid, draws that amount of specie from other banks to form a specie basis at. home. Thus the preliminaries are consummated. Enters into the cotton-market, buys up the cotton crop, pays for it in post-notes payah!e in one ye ar . Draws against the cotton in Liverpool to pay their bonds as they mature. Cotton declines, cannot sell without loss. Cover their cotton bills by buying canal and rail road stocks for post-notes, selling the stocks in London for cash. Discount merchants' notes, and buys up post notes of southern incorporations, paying out-notes of a defunct institution. " Heavy importation of foreign goods exchange in demand, regulator' sells bill on London to any amount for cash, so long as fancy stocks will sell in London, in order to keep down the rates of exchange. " Post notes for cotton coming due ; regulator's' bills drawn on London in had repute ; stocks won't sell ; no exchange to be had except the ' regulator's' kiting bills ; a desperate effort necessary. The great financier resigns ; leaves the institution in a prosperous condition. Goes to London for the benefit of his health. " Regulator' sells post-notes for cash in Wall-street ; becomes a creditor bank by this means ; draws upon all the banks for specie ; ships the specie to London to revive confidence' in its kiting bills ; sells more bills and post-notes for cash at I per cent, a month dis count ; draws the specie from other banks again ; small banks frightened ; dare not discount, because the money would be used to buy exchange from the regulator ;' and the regulator' would draw the specie again ; money very scarce ; regulator's' post-notes flood the streets ; merchants must get shaved to meet their pay ments ; cannot sell their business paper, because the regulator's' post-notes are preferred ; the regulator' discounts merchants' paper having 30 to 60 days to run, as an especial favour, giving them post-notes due in six or nine months as cash ; small banks find it more pro fitable to supply brokers with money to buy post notes with, at 1 per cent. a month discount, than to discount business paper. Merchants sell 're gulator's' post-notes to brokers ; pay their notes due in • the banks ; banks hand their money back to brokers to buy more post-notes, and so on. Money awfully tight ; small banks about to issue post-notes too. " Great Western arrives ; merchants poring over the news to see if the Bank of England has got any more gold ; if the corn crop in England is geod ; if the Char tists are frightened ; if any particular kind of stock will sell ; or it John Bull will be gulled a little longer by the promises of some new way of settling balances. " Merchants ! merchants ! ! How long will ye lick We shall see if the Washington authorities are pre pared to carry their " experiment" any further, or whe ther commerce is at length to be afforded an opportunity of righting itself. Specie was selling at a premium of 15 per cent. at Philadelphia on the 18th ult. The exchange on New York was at the same rate. On London 20 to 25 per cent. was the nominal quotation, but even on these terms not a bill was offering. Flour was shipping freely for England. The Liverpool Steamer from Ncw York is under stood to have brought specie, chiefly in sovereigns, to the amount of 400,000 dollars. They were shipped for the most part by the firm of King. Prime, and Ward. Some further quantities are coming forward by the next two packet-ships. Messrs. Morrison. Cry. der, and Co. have charge of most of the present con signment. the file that draws your very life-blood from ye ?" It is a great misfortune obviously, both to England and to America, that this event has been solongde- HERALD.—The unfavourable accounts which have been received from the United States by the Liverpool steamer have created a very great degree of anxiety amongst all parties connected with the commerce of the feeral union. At present it would be difficult to predict with accuracy what eventually may be the re sult and action of the suspension of the specie payments by the United States Bank, and those banks imme diately dependent upon its support, on the commerce of this country. That it will be far from favourable may well be imagined ; but it is to be hoped that this decided evidence of the rottenness of the banking sys tem of the United States will prove to be a sound lesson to our commercial and monetary interests ; .whilst we trust that the passion for laying up capital in United States state loans will soon be abjured by all who lately have deserted the commerce of their own country for investments in such speculative securities. For a long period the commerce of this country with the United States must remain in a deranged and un certain position, in fact, until the currency system of the United States is wholly reformed. Trading to th e America n U n ions will prove but a venture, as i n th e late in s t ances , w hi c h the commercial transa c ti ons w i t h `` the g l ori has b o u s republic" oen tricd have ono proved. I n f act t h e expe rimente , twice, an d t h r i ce ; and, after some hard rubs, our capitalists will prob a bly now disco foundedverthata spuriousupona spurious a n d f ee bl e metall i c banking and s t ate paper cur rency,currency, must essentially possess the elements of mis- 1 chief to a new country, and, at the same time, be a curse to the old country, from whence the money job bers of its offset may expect relief by the exports of natural products, bolstered up in the import market here, as well as in the original export market, by spu rious paper on the one side of the Atlantic, and paper equally spurious on this side of the Atlantic. Very speculative opinions have been advanced to-day, respecting the position in which these untoward affairs will probably place the agency of the United States Bank. That it will stop the late negotiations for the 19 1, T 1. : or !0100 , /,410 11,1•:V :r, AI , , tf. , (l'.):; :: !;, - -I ti." ccr tali; ; but there is au impression with many respectable parties that it is but due to the many creditors of the layed. What with the ignorance and credulity of its victims, both here and in the United States, its liabili ties have probably doubled since the time when it ought to have been bankrupt, and the mischief is in proportion extended. All that remains for the English creditor to consider is what is likely to be saved from the wreck, and they will do wisely not to form in this respect any sanguine expectations. Our feeling and that of many of the merchants in the city with whom we have conversed on the subject, has been, that any impediment, such as that which occurred in Paris, to further supplies from Europe, would be the signal for the stoppage of the Bank, and looking to the complication of its affairs, the number of its branches, " corresponding" Banks, and other close connexions, together with the preference of payment, which is always obtained, where any assets exist, by the native over the foreign creditor, nol% to say anything of the fraud and rob bery to which such a scene of confusion must lead, we fear that for England the dividend left will be very small indeed. The attempt on the other side to cloak the failure by calling it a mere suspension of specie payments, and drawing in the other Philadelphia banks to take the same course, is another specimen of the astounding im pudence which has been displayed throughout, and adds insult to injury. The course taken was obviously pre concerted and determined, by the news from Paris car ried out by the Liverpool steam-vessel. This lead has been followed by all the weak banks in the Union ; but the trick is seen through in New York and other States, and will not be imitated. Among the late transactions of the United States Bank will not. be forgotten at this time the contract of a loan to the State of Pennsylvania, nor can the sus picion be avoided that the union of Bank and State is much closer on this occasion than it ought to be. Tho following list of the banks whose suspension is announced, or immediately expected, is collected from tll iinti ival v; I • ; ail tiap,e tin ougn. I out the State of Pennsylvania are stated to have fol. THE SUN, LONDON, FRIDAY, NOVEMBER S 1839 United States Bank, that some fair explanation should be made as soon as convenient. The exchange at New York had fallen, and was quoted at 84 a 9 pm. ; the shipments of specie were small in comparison to those of the past few months. American gold had receded to 7 per cent. pm., and the new coinage to par a pm. Sovereigns had de clined to 4 dols. 85 cents a 90 cents each. The private advices from Canada do not contain, any more than the papers, much political information. The Pique had not arrived out at Quebec, with M r . Poulett Thomson, the ne w Governor-General, who was expected to proceed immediately to the Upper Pro vince on his arrival. It seems from the advices that the moderate Conservative party had resolved to receive him cordially in the first instance, and to avoid any party demonstrations. Little is said about the commerce of the two provinces ; it is considered to have been in a tranquil state, and not affected by the suspension of spec►e payments by the Bank of the United States and its Philadelphian compeers. The banks of New York had notified to the banks at Montreal and Quebec that they did not purpose to suspend their specie payments, and intimated that they might rely upon them. A short time will, however, show how far this isolation, as it were, of " specie paying," can be sustained by the Banks of the City and State of New York. Sufficient time has not elapsed for any parties to form any opinion as to what may yet be the final result of the unfavourable accounts from New York and Philadel phia on this Money Market. In a few weeks the divi dends of the United States Bank, and many other of the public securities of the union, would become due ; then, to comparatively retired capitalists who hold them, the action will be severely felt, as for some time they can only be viewed as a dormant, unmarketable security here, except at a great depreciation. These accounts have not yet bad much influence upon our commercial Money Market ; but on the Stock Exchange money has, in some instances, commanded ten per cent. per annum, and with the natural desire to use Exchequer Bills now that American securities are of not much avail, it has caused them to fall to 12 a 10 dis., and India Bonds to the same rate. CHRONICLE.---By the Liverpool steamer we have advices from New York of the 191 ult , from Philadelphia of the same date, Montreal of the 16th, and Quebec of the 14th ult. On the arrival of this vessel at New York with intelligence of the dishonour of the bills drawn by the United, States Bank upon Messrs. Hottinguer, of Paris, and of the embarrassed state of the London agency, a large portion of the banks! in the United States suspended specie payments. Beginning with the United States Bank it spread over all the banks of Philadelphia, Baltimore, Virginia, Wilmington, and the interior of Pennsylvania ; and it was supposed that all the banking institutions, west and south, would follow the same course. The Liver pool brings specie to the amount of 400,000 dollars, in cluding some gold, for the agency of the United States Bank, and on private account. Had it not been for the offer of Mr. Thomas Ward, agent of the Messrs. Baring, to allow the New York Banks to draw upon his principals to the extent of 1,000,0001, sterling, the remittance by the Liverpool would have been much lamer, and considerable shipments of sour were about to ° be made fee this country. Our Philadelphia Correspondent states the amount of specie in the vaults of the United States Banks at 4,000,000 dols. the day when it suspended specie pay ments, and that the other banks of the city of Philadel phia had 2,000,000 dols.; but that in four weeks after the day of suspension it must have been nearly all paid away by the . Philadelphia merchants to those of New York, which would have drained them dry ; and it was thought better to suspend while in that strong position than to do so with empty coffers. Specie was at a pre mium of 10 to 12 per cent., and money in New York on the very best commercial paper worth 2 to 3 per cent. per month. Still our Correspondent states, on the authority of the Philadelphia and Baltimore news papers, that the most wealthy men were offering real estates at a valuation for United States Bank stock, or United States Bank notes, at par, and that a Baltimore merchant of great opulence offered 100,000 dols. of real estate on these terms. The Banks of New York and. Boston had determined to hold out. In the circum stances by which they were surrounded we do nut see what else could be expected ; and it was reported in the city that the steamer was telegraphed that the New York and Boston Banks had stopped immediately after her departure ; but for this report, which produced some sensation, we know not that there is any good authority. The intelligence carried out. to New York by the Liverpool brought matters at once to the crisis, and it was a mere question of choice whether the banks should suspend specie payments or allow the merchants to become bankrupts. The first alternative has been adopted, and we think judiciously. The ex traordinary scarcity of money had almost put a stop to business, and discounts were nearly at an end. Things could not continue in that position, and recourse was had to an extension of the circulating medium, by its depre ciation, which has relieved the pressure considerably, by enabling the banks to discount freely, and thus gig e means to the merchants to provide for their engage ments. The suspension of cash payments had produced a heavy fall upon all kinds of American stocks, the shares of the United States Bank having gone down at once to 70 ; but when it was explained that funds had been re mitted to cover the whole of the drafts on Paris, the panic subsided, and on Wednesday, the 16th October, they had advanced to 83 in New York, and to 96 in Philadelphia, rising and falling alternately both there and at New York ; and on the 19th the last prices at New York were 74i for United States Bank Shares. Exchange on New York with Philadelphia, 15 pre mium ; and Exchange on London varying from 8 to 10 premium. Immediately on the stoppage of the banks the Go vernor of the State of Pennsylvania issued a proclama- tion for the enforcement of the law against all utterers of notes of a lower denomination than five dollars, and a circular was in consequence sent to all the banks of that State by the law officers, directing their attention to the subject, and intimating that proceedings would be commenced against all banks violatin g th e l aw , as de clared in the Act of Assembly passed the 12th day of April, 1828, entitled " An Act concerning Small Notes for the payment of Money." We take the following paragraphs from the procla mation in question : " It is proper that I should state that in directing this proceeding, I do not intend or believe that it will operate to shake the confidence of the public in the ultimate ability of most, if not all, of the banks of this common wealth to meet all their obligations, and to redeem their faith plighted to the community ; nor do I think it will throw any obstacles in the way of their doing so ; on the contrary, I firmly believe the exclusion of all small notes from circulation will tend more directly than any other measure that can now be devised, to protect the public from frauds and impositions, and to enable the banks to fulfil their respective engagements. " The circumstances by which we are surrounded will doubtless lead to the cultivation of a spirit of mutual forbearance and moderation on all sides, as the course best adapted to restore a sound and healthy condition of affairs. Every attempt to aggravate existing embarrass ment unnecessarily, should be discountenanced by all cool and reflecting citizens. " There is beyond question abundance of specie in the country to fill all the channels of domestic circula tion, without distressing its private holders or the hanks ; and as the suspension of specie payments by these in stitutions cuts off a great portion of the foreign drain upon it, it must readily find its way into the hands of the people." This limitation of paper money to notes of not less than five dollars. and a vigorous enforcement of the law to that effect, would be valuable, but we doubt whether its spirit can be carried into practice at present, and observe that the Philadelphia papers already complain of it, but console themselves by remarking that the difficulty had been removed, in part, by an importation of " small notes from Delaware and New Jersey.' The causes which have led to this suspension of specie payments by the American banks are now so well un derstood, and the result was so generally looked for, that it is perhaps, unnecessary to recapitulate them. We find the subject, however, so well han dled in the Pcnsglvaieia Inquirer of the 15th October that we cannot refrain from giving the fol lowing condensed account from its pages. Indepen dently of over-trading, over-banking, and over-specu lating, the writer of th e su bj o i ne d extracts f rom that paperjustly refers to the premature resumption of cash payments in August, 1838, as one of the causes which have led to the present embarrassments in the monetary system of the United States. He goes back to the peace of 1815, which found that country with a debt of 120,000,000 dollars. The first day of the year 1835 again exhibited them free from debt, which was the oc casion of a national jubilee. Then began their misfor tunes. The revenue continued to accumulate beyond the wants of the Government. Prom sales of the public domains it had increased from 6,099,981 to 23,283,192 dollars ; and the amount of foreign imports from 126,521,332 to 189,980'035 dollars. Thus from 1836 to 1838 they had a surplus of forty millions of dollars ; and that surplus Congress, with the sanction of the Ex ecutive, directed to be distributed among the various States. " But," observes the writer to whom we have referred, " it was not these difficulties alone which had befallen the country, and against which the banks had to can. tend. The impulse which had been given to enterprise, and which had produced a spirit of improvident specu lation, had led to an excess of foreign imports beyond our exports, in the year 1835, of 21,202,165 dollars, and in 1836 of 61,316,995 dollars, making an aggregate of excess of imports over the exports in two years of 89,519,160 dollars. This created a direct demand on the metallic medium of the country, and a draft on the vaults 'of the banks. it We now pass over the interregnum between the suspension and resumption of specie payments, which toi , k , iii August 1838. That period, it is well known, most of the banks in Philadelphia believed at the time to be too early to undertake a suc- cessful resumption with benefit to the country. Events have confirmed the justice of that view. But public opinion seemed strongly in favour of the measure, and the banks acquisced in it, though but ill prepared, and indebted in large balances to other places which had accumulated during the period of suspension, and were subject to be called for on the instant, and were so called for to a large amount on the very day or resump t;on in specie. " Nearly simultaneously with the great increase and accumulation of the public revenue, there arose an ex tensive spirit for internal improvements. This was the signal for the creation of debts by many of the states of the Union, in the adoption of th e measures f or which party divisions were forgotten, and all united in their advocacy. The stocks thus brought into existence found, for a time, a ready sale abroad. as an investment for foreign capitalists. To the encouragement thus given to the states to persevere in this policy the gene ral government has been a contributor, as well as fo reigners and our own citizens, by the investment of se veral millions of dollars of trust funds held for the abo rigines in the stocks most recently issued by some of the newest and least populous of the states. " England, the centre of the commercial world, has experienced, and is now labouring under, a great revul sion in her monetary affairs. The specie in the vaults of her National Bank has, since the first of the year, sunk from 10,000,0001. to 3,000,000/., or thereabouts, the reduction in amount be ing, as has been stated by the Chancellor of the Exche quer, about the value of the bread stuffs which that country has been obliged to procure from the Continent to supply the deficiency in the English crop of the last year. The value of money has increased there from its usual rate (about three per cent.) to six per cent, per annum, and prophecies have been sent from thence by every vessel for the last three months, and promulgated throughout this country, that the Bank of England was on the eve of suspending cash payments. " This state of things in England has reacted upon this country with irresistible force. The credit of our States has been completely paralyzed ; they can no longer negociate loans there ; numerous public works have consequently been arrested in an unfinished state, and must remain unproductive, while the interest on the debt already contracted abroad must be paid. " The position of Philadelphia at this crisis is of peculiar importance, and must be specially considered in reference to the great question of a suspension of specie payments at the present time. Her banks re sumed in August 1838, as has already been shown, in obedience to public sentiment, but against their own judgment. It was as obvious then, as it is now, that, from her local position, being the great distributor to the west and south of the products of our eastern ma nufactories, and of those from abroad, imported chiefly at New York, the banks of this city could not pay specie for all the obligations incurred by our merchants here, unless they could receive it from their debtors. Accordingly, great efforts were made to enable the in stitutions of the south, which were the most enfeebled, to resume with us nearly simultaneously. Cash was advanced and credits liberally furnished by some of our banks, to accomplish this object. " Finding these efforts ineffectual, and satisfied that . . the last of — preventives had been exhausted, the banks resorted to the only alternative, a temporary suspen sion of specie payments. This will give time to the people and institutions of various parts of the country to liquidate their claims on each other, and prevent for the time being the foreigner from furnishing us with a larger supply of his fabrics than can be paid for by the fruits of our current industry." . These extracts trace results to their causes with great clearness, and show satisfactorily that, although the banking institutions of America might have strug gled on a few months, perhaps, paying in specie, they could only have done so by causing general bankruptcy among their merchants, the stoppage of their factories, and a general cessation of business ; to avoid' which, 'they have stopped cash payments until they may be again enabled to resume their former currency. The general feeling is that the American banks adopted the wisest course which was within their reach under the pressing circumstances in which they were placed, and the intelligence did not produce much sur prise, as it was known that the Liverpool bad carried out the news about Hottinguer having refused accept ance of the drafts of the United States Bank on Paris. The Great Western, however, may be looked for early in December, when better accounts are expected, as by that time it will be known not only that the drafts on Paris had been provided for, but that Mr. Jaudon had effected a loan here of 800,0001. It is also thought that the suspension of payments in specie bv the United States Bank will place that establishment on an easier footing, by liberating the specie in their coffers, f o as to enable them to remit it in aid of their engagements in, this country, and thus also tend to strengthen the position of the Bank of England. The Bank has received a considerable amount of bullion yesterday and during the week, both from the Continent and the country distr icts ; and we hear that they have been extremely busy is the bullion department with additional hands. That establishment will, no doubt, be benefited ultimately by the crisis in the American Money Market, because, until the merchants in this country see their way clearly, it is not likely they will send consignments to the United States, except for payments in specie; but the suspension of specie payments in the United States must have an unfa vourable effect upon our manufacturing interests. It is true they have been well tried, and there are no extensive transactions going on—certainly no specu lations—strictly so called. The bills that have been drawn upon shipments to America may also be well paid —better than they would have been, perhaps, if the sus pension had not taken place—because the American banks will now be more liberal in their accommodations, but our merchants engaged in the cotton and woollen trade must suffer severel;. They have been living on their capital—keeping their establishments in employ ment at a loss, in anticipation of better times ; and, although they have been working short hours, must yet have a considerable stock of goods on hand waiting for the turn. They must remain till they see bow things are to settle down, and in the mean time their stocks will not be diminished. Yet the people of the United States are energetic, and possess an elasticity of mind essentially mercantile in its character. They are not apt to sink under adversity, and we are fully persuaded of their desire to preserve the national faith. They have been led into their present embar rassments chiefly by too great a love for improvement, and have been assisted by this country in a manner bordering upon recklessness. Allured by the high rate of interest offered by the different "state loans," English capital flowed into the United States is so great a stream that our friends over the water thought they had nothing to do but to open "scrip" and that John Bull would give them what money they required. Nor were they mistaken in their belief until the bad harvest of 1838 rendered it necessary for us to send our gold to the Continent for food, and then we found that, owing to the immense sums (the thirty millions sterling) which we had invested in railroads at home, it was impossible for us to continue purchasers of " American stock," and thus the ‘f vast schemes of internal improvement" which bad been set on foot in the different States of America were brought to a stand-still, and the pressure for money be gan which has at length brought matters to the present disastrous position. SUN.—The intelligence from the United States to day, by the Liverpool steam ship, caused much anima tion in the American and Canadian walks on 'Change this afternoon. The expectation is, that matters will soon right themselves in America, and that trade will revive. We cannot quote any improved demand for manufactured goods for the markets of the United States to-day. life understand the contract for 80,000 gallons of Rum for the use of the Navy, was taken to-day, at 3s. 3id. per gallon. Money continues extremely scarce in the City, and especially in the Stock Exchange. The value of Ex chequer Bills is 10s. to 12s. discount ; and India Bonds bear the same discount. The last prices of Consols for Account this afternoon was 93i s ; for Money 904- ; and of Bank Stock 180 ; India Stock is firm at 251. In the Foreign Market business continued very brisk up to the termination of the day,but prices looked heavy. Spanish fell to 26i ; Portuguese Five per Cents, to 31 ; the Three per Cents to 211 ; Mexican to 29; and Colombian to 30-i ; Dutch Stock, by the Batavier, comes firm from Amsterdam ; here the Two-and-a-Halt' per Cents advanced to 52i ; and the Five per Cents to OSi ; Great Western Railway Shares have fallen to 6: 1 ; discount ; the Brighton to 14 dis count ; and the 'astern Counties to 11 discount. RUSSIAN FRONTIER, OCT. 23.—1 n reference I to an article co pi e d f rom t h e G aze tt e d e France into the Munich Political Gazette, and from the latter into No. 289 of your journal, relative to a pretended great conspiracy in the corps of the Russian army under the command of General Geismar, I am able to assure you that a man who is equally well-informed and impartial, and who has very lately returned from Wilna, affirms that nothing whatever was known there of all the statements in that article. This report has probably originated in an affair of an older date. After the sen tence passed on Komarki and his accomplices had been executed, several irregularities were discovered, of which officers of the garrison of Wilna had been guilty—they having, when commanding the guard in the prisons of the Corporation, treated with indulgence tho tnh s s o kai : ,wphtriehicioer were not so deeply im p licated as the eth ers , and, con trary to the stric t rules laid down, allowed themdzii going out, nt General K ut a , cc a o n u d corresponding ivi vi families. On On s. Governor of Wilna, and Colonel Bogdanovit sc l a were a t that time dismissed, and several of th e officers im plicated were thrown into prison, where they still re main ; there are about a dozen of them, but no one t h h a e s re b f e o e r n e, s F h r o a t n coer has snt againto Swiberia. In this instance, ac 3 q ,o u u i nrigt Grande ult do. Duke, e remained true to the motto also hear from ;'i ce, that I`,loliilew, is so f ar recovered that who was taken ill at few days, t o return to :St. he will be able, in a p terrburg. His visit to Warsaw is e given up.—Allg eincine Ztilung, Oct. 31. EVENING EDITION. UNITED STATES COMMERCIAL AFFAIRS. PHILADELPHIA, OCT. 19. The blow struck in Philadelphia by the universal stoppage of her banks, so far as relates to specie pay ments, has been followed in Baltimore, Providence, Richmond, and all the towns south and west, within reach of the mails up to this day. The United States Bank was certainly one of the leaders in the suspension, and it is quite natural that you should inquire how is it, when that institution has more than 4,000,000 dollars in its vaults, it should have suspended ? The reasons assigned are, that within the ensuing four weeks after the day of suspension, 4,000,000 dollars must have been paid by the mer chants and others of.this city, to those of ew York. This would have drained our specie almost dry ; and as, for the last three months, New York has been draining, as a creditor city, all the specie from us that she possibly could, the banks here had contracted their discounts to such an extent, th a t r r several merchants and traders must have failed if the banks had not suspended specie payments, to enable them to discount with liberality. In short, they had almost ceased to be useful as banks, and became a source of oppression instead of relief to the community It was therefore the cry of all ourco:nmercial men, that if the banks did not suspend, many of the merchants must break. The Philadelphia Board of Trade memorialised them on the subject : and as it was stated that the United States Bank had 4,000,000 dots. specie in her vaults, and the other city banks 2,000,000 dole., it would be better to suspend while in this strong condi tion, than to be driven to the alternative with almost empty coffers. I say not a. word on the morale of the matter ; but I detail the facts by way of showing you that it was a measure of selfdefence. It is right to add also, that the returns of specie, which I firmly believe to be correct, are not before the public upon any posi tive evidence. The authority is all but as good as an official return, and no one here dreams of doubting it. The only dif fi culty experienced here now is in the want of small change—the laws mi. Pennsylvania prohibiting the issue of any notes of a smaller denomination than five dollars. Snee the suspension (October 9th) the banks of Phi ladelphia have discounted about 1,500,000 dollars for our merchants and manufacturers, thus enabling them (although on a paper currency, ten or twelve per cent. below specie value) to pay off their men on Saturday nights, to take up their bills, and generally to redeem their obligations. Now, how stand's the matter in New York ? Tbat city and Boston have resolved to hold out, if possible; but if they continue so to do for•any length of time their ability will certainly work a miracle. All the specie reported in the New York banks amounts to 4,000,000 dollars ! How can they continue to pay their obliga tions to the eastern States, and to Europe, with so small a sum ? It will be impossible. Philadelphia can no longer be drained by them, as a mulch cow, unless at a sacrifice of ten or twelve per cent. ; while the cities further south would cost them still more. To suppose that men will submit to such a sacrifice for the purpose of preserving a specie currency, when all around them is paper, is to suppose an absurdity. No one, therefore, believes for a moment that New York, with Boston and Albany in her wake, will hold out many days. Already the Wool growers', and another small bank have suspended, and their example must soon be generally followed. Money in New York is from two to three per cent. per month. The banks there and in Boston discount little or nothing, and already the cry is raised in both cities—" Unless some change take place, the consequences will be dreadful to the commu nity ;" and the necessity of a suspension, for the same reasons that actuated the Philadelphians, is openly talked of. Maoy merchants' bills of New York are oven now said to be discounted at enormous rates by Philadelphia agents there, or at home ; besides which, the high premium for specie, or the (in tie present state of things) absurd rate of from 10 to 15 exchange between the two cities, must be paid in addition ! It certainly requires no ghost from the grave to foresee that a prolonged determination in New York to adhere to specie payments would be most disastrous to her merchants. On the other band, Mr. Thomas Ward, agent of the Messrs. Baring, of London, has announced his readi ness to authorise the 'drafts of the New York Banks upon his principals, to the amcunt of one million ster ling, if it should be desired. " This movement (writes a friend) has strengthened confidence in the ability of our Banks to go through." It has certainly kept down exchange on England, which can be had in New York at 9 3- , and from that quotation to 10i, in abundance. The last packets took out only 100,000 dols. to Liver pool and Havre. The Liverpool will take a large.sum, and, had it not been for the offer on the part of the Bar ings, would have taken out a much larger. Thus much for the general state of affairs up to yes terday. As the position of the United States Bank is of deep concern in England, I add all the items that have transpired in relation to that institution. According to the American version of the affair of Hottinguer and Co., we are assured that the difficulty is satisfactorily settled. You also know that the first blush of the intelligence, " that Hottinguer and Co. bad dishonoured for non-acceptance bills of the United States Bank," caused the stock of that institution to decline suddenly to 70. The stock soon rose, however. The panic subsided. On Wednesday it advanced to 96f in Philadelphia, and 83 in New York. Yesterday evening, the last sales at our Exchange were done at 90 ; and varying from 78 to 82 (rising and falling in the most fluctuating manner in New York) is just now the order of the day. Corning, Walker, and Co., of New York. offer to buy up United States post-notes to any extent, dis counting interest for the time they have to run, at 8 per cent. a year. On dit in some circles, that the Bank is buying up its own post-notes. If se, why so much the better. Most people in Philadelphia regret the want of means to buy largely in United States Bank Stock, now it is so unprccedently low, from a conviction that it will soon sell at the old prices. The very best sign of the times, however, with regard to the value of United States Bank Stock, is to be found in the Philadelphia and Baltimore newspaper, where the most wealthy men are offering " real estate" at a fair valuation for United States Bank Stock, or United States Bank notes, at par! John M‘Kim, Esq a merchant, and man of great opulence in Baltimore, offers 100,000 dollars' worth of real estate on these terms. The United States Bank continues to discount libe rally for the Philadelphia merchants. United States Bank Post Notes are selling at I per cent. per month. If you wish to give your readers the causes of the present monetary difficulties in the United States, it might be done in four words—over-trading, over-specu lating, over-banking, over-importing.—Chronicle. SERIOUS RENCONTRE WITH A DEER.-A few days ago a woman, named Margaret Bapty, went into a field in Newton Den for the purpose of cutting thistles, where a deer, belonging to Lord John Scott, was tethered. Having passed within the length of the tether, the deer hushed her down with great violence, and gored her with its horns. The woman attempted to save herself by getting hold of one of the antlers, and keeping the animal at bay. A man who had descried the onset, ran to her assistance, and succeeded in res cuing her from her perilous situation. She had so firm a grasp of the born that it was with some difficulty her hand was disengaged. She was taken home to Stitchel, where her wounds were dressed ; and we understand she is now recovering from the effects of this singular rencontrc.—Kelso Chronicle. The Times announces that Brighton, among other places, is shortly to be honoured by the presence of Delegates from the Protestant Association ! We should have thought the Reverend Mortimer O'Sullivan had been sickened of this place at his last visit, when all his resolutions were negatived by an overwhelming majority.—Brighton Guardian. of the 80l- PUBLIC OPENING OF THE MANCHESTER AND SALFORD JUNCTION CANAL.-o . n Monday last the ceremony of opening this canal (which connects the Irwell with the Rochdale canal) took place. It opens a )(I along the t from onc a the river and pusses nearly underopposite l, a t t h e e r- o s t p r e e n e t t n g side of Charles-street. It then enters a tunnel half mile in length, which passes under Lower Byromd\‘-rstreeta, p at a s s :n e - s Byrom-street, Deans ate Alport-tovvn and street. The canal then emerges to the light, under Lower Mosley -street along tu tl: t e l. side of_St i r l ing paans d se ß s e u e l k id to er n's Gr fi e le a t t o ß ry r , i z e d syr n . g ble to lo t e h k e s w ri b g i h e t h , st ( r ) e f e d t , :t n u o the Rochdale canal. The canal has the advantage will considerably facilitate the passing of vessels from the Rochdale canal, thereby avoidine. has hitherto caused considerable delay. a d n el a 3,. inconvenience The tunn el which is lighted with gas every 20 yards, and there is a towing patli.the whole le ng th. Th e S a lf or d J unct i on C ana l will have a very b ene fi c i a l e ff ect upon t h e cana l traffic, as it will open a direct communication between Bolton and Bury and the South and West of England. The Staffordshir e i ron - mas t ers w ill b e en a bl e d to send their iron to those places without breaking bulk, and when we consider the large quantities of iron consumed at Bol ton and Bury, the opening will be of considerable im portance. It will also free the streets of Manchester from a great quantity of the heavy traffic which is car ried through the town to the Rochdale and Ashton ca nals at Piccadilly from the Oid Quay, to be forwarded Radford, near to Ashton, Hyde, Stockport, and Oldham. 'We . were passing through Parliament, informed when the Bill was about two years ago, that the traffic then amounted to a ch te es ly te . r .at P l a t p a c d r f . 30,000 tons per annum_.-vilefdali 1794 aided in AN OLD TORY. Nottingham, aged 94, Phoebe NN illatt ; she was a I dragging the Nottingham reformers of those days from 1 their houses and thei r . beds, and ducking them in the leader of the female loyalists, who in !river Leen. Some died, and others suffered through i lif e , but none of the offenders in those days of Tory I ascendancy were brought to punishments—Lincoln Gm zette. i eh 30 rat O S re