Northern Times. — Liverpool, Merseyside, England, 1857-11-02 00:00:00

THE NORTHERN TIMES.---LIVERPOOL,' MONDAY, NOVEMBER 2',. 1857. AMERICA. soon suspend; the Lyman, Bartlett, Harris, Clinton, and Social are running on short time ; the Bernon, Globe, and Smith cotton mills, and the woollen mills of Edward Harris, are running on full time. The Slater mills, at Slatersville, are running half time, as also are the mills atritecihtoyal Mail Steamer Niagara, Capt. Wickman, at Millville, Blackstone, and Waterford. The Millville milts will stop in a week or two. At Pawtucket all the %a tit hire Yesterday morning, with 64 passengers manufactories have closed except one, where a few hands 21st 0 ": York advices to the 20th, and Boston T he ober. The Europa had arrived at Boston. are employed. At Central Falls they will stop as soon as the stock on hand is exhausted. The manufacturing tattit,7-tianerican company who have been endea population of that district are already half unemployed. q ueb u t e to raise the steamer Canadian, sunk near The revolt of the labourers at the Big Tunnel, near Ox -40 ht e e , have abandoned the work, seeing there is ford Furnace, NJ , has broken out afresh. They have ttar e 'sPect of success. The hull, machinery, &c., as yet caused no bloodshed, but they have resorted to ,ree ic acla ertised to be sold by auction at Quebec. violence and deetruetion of property. During t he last u , Tl,_ aith America had arrived at Quebec. week two of the shanties belonging to the contractors have ha t " f ullowing is an ample summary of the more been burned r eeti Several of ' the men discharged . from . the Bergen Tunnel % al. flog Portions of the news to hand by this Th have been arrested for various crimes, and now occupy fir 6 n ew currency arrangement has had a lodgings in the Hudson County Jail. o t : I : s able The citizens of Dubuque, lowa, have held a meeting to Effect on the money market, as well as take into consideration the present condition of business, to te". e ral business. The banks discounted freely money matters, &c., and to devise some means to relieve to ok regular dealers, and in a few instances that community from the embarrassment consequent upon ' "tsid into th e paper, where the circulation is to go the suspension of banks of issue. A committee was ap b4 r e Country. Th e St oc k E xc h ange fluctuated pointed to prepare a plan of relief. tllloes Igh ta The New York Journal of Commerce, of tIY, though it was characterised by less The Nia g ara Falls Gazette announces the sus pension of a l t a ne e 2 0t work upon the Hydraulic Canal, and says :-" It is the Ta t u ult., in its money article, says :- intention to kee p the steam drills at wok, a nd w e ho p e e r e te a , week opens with a more buoyant feeling in crim yea:ale . long to . be able to announce the entire resumption of eve 0 , 'reles and a general disposition is manifested to work, with a much larger force of labourers. the ' ttt iv eat of our present position. The banks depre We take the following from a late New York tot u fY resort to special legislation, and see no necessity paper. liaWhextra session. Our leading merchants are now of We noticed some waeks since the suspension of tlaa " opinion and are ready to revoke the former action to , . , Messrs. N. H. Wolfe and Co , which had been justly Iltob a b, suatect ley a few of their number, so that we shall considered one of the leading houses in the produce Ilt ereii 7 have no call of the legislature. At any rate, commission business, and we then expressed our belief in 'tea l 11 °`iv no demand for such a call from any quarter the solvency of the firm, and their intention to make an ft, , from the mere politicians, all others who at first I? °ttred the honourable settlement of their affairs. We now learn °ta te Et measure, having le-considered their decision. that their accounts with Mr. G. H. Ely, an extensive t v a e r,,exehan ge opens witlia fair business at 98 to 103 miller at Rochester, have been satisfactorily adjusted, and elre a t'.,ay bills on London, although some fancy sales wit it o ssale at 101 to 105 ; Paris, 575 to 5.40 ; Antwerp, they have this day resumed payment, discharging all their 1 ,,i• e te sso ; Amsterdam, 37 to 38k; Frankfort, 371 to liabilities in cash, or real estate securities. Daring their partial suspension, many of the Western banks continued ae‘atarnburgh, 32k- to 331; Bremen, 34; Prussian IO negotiate drafts upon them as formerly, having full i kit tr i e GB to 73. The stock market shows more firmness, confidence in their integrity and ability. Th e Os have generally improved. The advices fiewn Washington state that a letter t olo 3 Price ot gold was 101 t 1011 buyers, and 102 has been received in that city from W. L. Landon. tit sellers. There was a c) good supply offerine, Nh one of the clerks whom the late surveyor-general °II e4i , a number of parties deposit in bank, either (Burt) left in charge of the offiee, when he, for his tleak et rent account or specially to await a better own safety, left the territory of Utah last spring "ff etet ihowine to the small and uncertain premium He was on the 18th Sc ember in Placerville, Cali gte tt r'Y the bullion brokers. Abnedent silver fornia. In giving an aceount of his escape from and :: . 7 Was to be had at par or gold of the brokers, Salt Lake city, he says, that while in conversation tei,t7all gold coins were paid out for large at the with a party of emigrants, he was assaulted by tt, . 4 ttl ie ' a sury. There was little or no inconvenience eang of Mormons, led on by a fellow named Dick le tnitiie.urrency since suspension in ordinary trade, Pettit, and a ruflien associate, who, without cause,. '',lir te ,., t ug, change, or in passing New York State severely beat him with stones and clubs, He was 4 lac' at e Y• A number of the New Jeraey Btinks scarcely able to reach home in constquence of his tit "lade their circulation at par in New Yore .- 3'. T e ' wounds. The same afternoon they attacked the !ere he New England circulation is at 971 per deputy-surveyor, Meets, wi li stones. Lentlori was Sti la hl,vith the brokers ; chocks on Boston, 98 to 99 ; driven from his herne at night, leaving his wife 1114, 1 ellshia, 97a- to 984- ; Baltimore, 95 to 9e. and chill at Salt Lake city. After adroitly Da hl anks of New Orleans have not all stopped eluding his armed pursuers, he reached P acer !Pest:nch The latest despatch intimates that the ville in the most dis'ressing condition. He says do to will b e t aistained, though this is very he met on the road the Indian, Peter, who used t i 'ae• j ul• We understand the planting interest in t -I Bian S • G • l'-office. Peter frequent the urveyoi- eneta b %p en a, both cotton and suear, will favour a informed him that Brigham Young had sent, him °lnb arr sien unless the exchanges are soon die- out to get horses and carbines. The Indian spared !ha lt a sset]. This trouble is telling severely his life because he had on several occasions given Nap es ' t their staples. All the Tennessee banks ea uspended. him red paint. Landon had not long parted from - .4e him before he ( he Indian; shot a man with four %k it , New York Bank statement shows a large balls. The man escaped, though much injured. ta t :' , 4 1 decrease under each head, but it is diffi Another clerk in the Surveyor-General's office, Mr. of t i t h ) make a satisfactory comparison, as several Wilson, was also attacked by the Mormons. They t tl hanks are thrown out, arid now wake no roughly seized him, tearing him away from his c anti ng k . House report. The actual decrease in fhmity. They commanded him to go along with le sl ts is a little over six millions. Part of the a e eren - . them, and mike no fuss, or they would el-en soon 'Off of ° , e in loans doubtless consists of the paying show him what they were going to do with him he „'°ans by country banks, who can now make Mr. London's letter gives the particulars of these li: their bills for this purpose. occurrences He concludes by saying that " all foll ow licetin g the Charleston Banks, we take the the Mormons heve left Placerville and Carson. Valley Th. n a g from the Courier of that city :- to t ' bap for the purpose cf defending Zion." et k will continue specie payment. All bank leformation had been reneived at Washington 4 14 e ttrsent is the city mill be received in payment a , • ot t Ta t .., deposit by this Bank ; and depositors are re- - , Cram the South that Walks'. s expeeittons-one to ljte t i e t m M draw their checks payable in current funds. leave New Orleans and the other Galveston bills CM New Yorkwill be f 'hd at par for the have been delayed, in consequence of te ttit this Bank. Depositors may, at their option, receive pressure, until the Ist of November. They do not illt et „ e ates for e e p os tte n o w at th e ir credit, bearing expect to meet with serious, if any , opposition Llilesl t at the rate of seven per cent. per annum, redeems from the fed, ral officers. They propose to land at 41 0114 coin, at not leas than three nor more than six some point in Costa Rica, on the Atlantic coast, Ni t , • Per the protection of the public, this Bank will and then march on San Jose, the capital of that le e k, ° current funds far the payment of debts due the Republic, which they expect to reach in two days. %4.. and for all collection paper received from other Their calculation is that when they capture it, the . ott e 7 , and will furnish similar funds only for payments to ! t e eth , banks. This rep7esents practically and saiis- whole country will be within possession. The kt'llY the aggregate of the filibuster forces is from 1,800 to i t a course and policy adopted by the Union tl it and th e 2,000 ee B e 1... State Bank of this city-these being the met.. tee • n eat thatcontinue in the fall exercise of their ettons. The returns of th 3 election in Kansas are still t IS- despatch incomplete, and the character of 'he newly-elected 'aYe i i - "'to from St, Louis, datei the 19th ult., t Legislature is involved in doubt. Advices from Free -State majority tl at NI T seen and Danger, bankers, Lawrence to the 10th, claim a i - . coseti theirt eesrs. e , thtla t a u doors that morning. The Weekly in both branches, but it is added that in many .14 'taternent showed a reduction of 50 per cent. precincts the judges are throwing out votes upon coi n. In th , . the ground of alleged informality, and that they are Z t elt t i c e , 1 -IPrense Court, New Yetk, Jul 4e noose- very likely in this way to secure a pro-slavery . r 4 ' rue d a motion for a receiver for the Bank of majority. A letter from Quindaro gives the Free 10.ete v , of the Council bills Mr. J. lin Livineston, a holler of two State men nine, and the others four . for t i) e - wa on that bank having b -en denied specie men, and says the House of Representatives will the t -e tn, declared, on "information and beief," contain twenty-two Free State men and . . thirteen kil, thei batik was insolvent, and played that it Pre-Slavery men, , . with four districts to of a t L- 9 dissolved ; enjoined from exercising any hear from. Parrott 's majority, as Delegate, ' lti tnt s corporate functions. and a receiver be is said to be over 5,000. In view of thisresult,. i 'ei t i ) ,` riter i• Judge R tosevelt reviewed the pro- the Chicago Times, which is regirded as the i specia We a W a di ng, and came to the conclueion that there organ cf Senator Douglas,' asserts l that theeantsvais Th e 'lot occasion for these extraoreinary measures must be a free State, and that iet soonerprevail in ; be tlle ~Pi l a intiff, as a 1)111 holder, already possessed dent wish of the people is allewed to obin 1 - credit of greater dispatch than an ordinary matter, the better. The result of the .. . e.e3 t el . : i tor, and the laintiff's a information and tion is yet undeci led, although the probabilities . are ttle i tt ” of the b tnk's p inselvency, was not sufficient in favour of th ‘ eleclon of Chase, the Republican ~f f,7';ee of the fact, when in contradiction to the candidate, for Governor. The Republican returns ty 1,', 4 ' reports of the hank, under oath, published give him 1,004 mejority, end the Democrats b con ,N - - Illis v • Such an in'erence, drawn frnn the mere cede him 300 majority. The vote is so close, o ie , te c a - nsion of specie payments, in a time when ever, that the Rep - Awaits do not yetdecide claim a v a le sit 'Zlsion is general throuehout the State, was tory, as the official returns mty against 'to o i lueient to prove that the essets were inaleTiate them. b `sc, • Y ref ers ,e all obligations HisHonour . . in of des concluded The Neve' Department was receipt rt e to ng to the power of the Leislature to patches from Commodore Armstrong, in Comm sod e te i 'ti!tit han indulgence to the suspended blets, and of his fl tg-ship, the Situ J i -in ,elated e . te Shanehae, The e t he boundaries within which it must act. Chine, JulyAl t r. ' e 29, 1857. Commodore . • ens ron, eisi ' is • - I , h nym qui..e an elaborate one. encloses a statement from an English merchant, on the MI e effect of the bunk panic, s 3 far, is thus who, having lost a brother by shipwreck . tt _ . It h to by the New York Times :- Island of Formese, with two Amencan companions, VII 66 P * the . 11 is narrowing e n to between ria stones narrowiFrom t daily ha I caused a search to he made for them. .. e u tit ` t it es tute has broken down many of the great houses, the account which the natives employed t give of 40, -46 grinding cf the p .or is only just beginning It the result of their investigation, it appears that • the i t •' t, O be shown by the record of the lover courts and such men were in the hands of the aborigines of bigh t ° ;aa of the Almshouse Commissioners. On Satur fay the island as late as four years ago, three or four tt th Last 248 persons were accommodated with lodgings years after their shipwreck. They allege that one us es , 22 (Effie ent Station-hou es of the City -a number hundred anti thirty whites were wrecked on the ,ttith aeprecodented for this season of the year. It is a island 4 -n g 6 ' .of lett the winter wilt show us. btu e a , ta t geetion w , e cost in 1840, and were all massacred. In I ' - 1842, en ether vessel, with eighteen -bwt the actual distress that the revulsion has involved D:c ' erri It r' on her was wrecked there. All of them Ali n - e els felt in high business circles. fa. with others it is forelg semi . Rat!Pall •' drowned, were ransomed and the but two, two were eatt Y in anacipation yet. We dropped into e s s' l lse of a large wholesale dealer yesterday, and were sent to Canton y b a Chinese merchant. s tasttl s ed to find the haughty heal of it with ref, swollen A St. Louis paper, of the 20th ue t er ` 4ll tict; u tt e , in g an honest Drin, he had not failed rich. His following particulars of the sinking of the s ears) Weli kt ",aat had lived in luxury for pare were bankrupt as T ; which . rope-, occurred in the Missouri river, near l lo h‘ t Zile. But when such men break their employee are , Waverlea ;- ally rt to be very matey. The clerks were eiteng arounet The steamer run against a snag, crushing her wheel, it l Pllo l V, e}, oie looking as f he were at a fanetal -those and tearing :away a portion of her hull, when she .alit v " 4 hot been discharged expeetel ti be, or the few immediately sunk in thirty feet of water. She hadion o . 24 ft . '" safe, in the misfortunes of their principal were board leo passengers. 12 or 15 of whom are supposed ß 2 t l _ way ; :411 sympatby. Still the streets are not " dolorous be drowned. Win. Hester and Joel Crpss d . of Co. B, a, son ~:,,, nor are the homes geeerally of our pantie full of Artillery, are known to have been dro w wne.Al It .,„str; WB * Even the poorest, until the pinch comes, are of Mr. Stephens, of Ky., Ky., a belonging to the . of t n h e e r d t eck handy, names toe d' WI the great body who are cramped only take it as same gentlema a n ls • numbe r among the lost. Nil ' z ' the bustline of a crowd -anything bat agreeable, unknown, are also 1) 9 talle r d• • ° • ‘• than crying. We have .bq t lap *mg to jocosity to Chicago had been visitedby . . a most destructive %a t ravelling among the retail traders a good deal of late, • . ec0. 4 1 igration, the loss by which is stated to be 111 0 - R their p ht through the crisis. Scarcely one in a 690,000 lois, and melancholy to relate eight persons stuff 1 : d is not u w e me off for ' the late pa is and present were known to have lost their lives, and fears were mtele gi e - t o n of trade, still the mei ed . ) , feel, so general is the entertained for the safety of others. ko c e --4, that their individual condition is not much to be The treaty recently conchaled by Commissioner N e e It s . over. Denver with the Pawnee Indians, secures to the the f "Teets throughout the country may be gleaned from st en ° , United States ten or twelve millions of acres of ot e etng extracts:- land. These Indians not only pledge themselves qiit a rttres have been set on foot by charitable ptrsons in to remain at peace with the United States, but that Ittee t e llillia far the relief of persons thrown eut of empy -1 b they will use their influence with the neighbouring t leftsi e ? , the stoppage of manufacturing estalkshmtnts. tribes to the same end. seven hundred females are d 'travel that more than i 1 14"titute b the curtailment of business operations We have renewed full files of Mexican papers is this 7 outof employ to the 4ih. The Alvarez, reported kith) , i wee rat °r Panic began . . The number of men ri4 t 4 ( 7,1 i. five times greater. The citizens of the Thirteenth not the fain ells Don Juan, but Don Manuel Alvarez. I t It ow : r t ailadelphia have held &public meeting to organise Hefell ~- while attempting to vindicate the supremacy ''llff . " r u Associationfor the distribution of relief to the of the law, during the recent disturbance at Colima La int ., 8 eStZ, • through the winter. Soup houses will presently By latest advices the insurrection there had . been he 1 %41 in the city. put down. The last conspiracy against President %rapt Ilatladelphia retailers and market people begin to Camoufort proves to have been a serious tiff sir. eie Tit, a'''nts th e scarcity of small change. Numerous arrests were made, and it was only owing t° 9 - ''''''ard II in Philadelphia has reduced its prices , c oi , House to the energy an vigilance .. 1 of the government that Th e a tars a day, the plot was d's ntvei•ed e • in tune. It was believed that ' - ait 'terehanta• Cotton Mills in Petersburg, Va., have k sea 0 „ e, ~ . all danger had passed; Public etention was centred 8,4 3 , F w.ions for a short awe, owingto . several causes. te lt • °f the hands are still employed cleaning up and 11l 1 1l 1 , / g machinery, ministry,now hourly looked for. Messrs. Ben ital. They have toth -ew England . mills are stopping work, one after jarnitt and Legere had left the capital. They li -mreill-* the k t R. 1., the Hamlet, Bellou•s, published a letter in the Trait 'd Untolc forma y -°ll l and C o ook so m e il e ls ' are idle ; the Jencks mill will denying that they spent any money to secure the ARRIVAL OF THE NIAGARA. R, Tehuantepec Grant, The Progressio says that Mariano Vegar had been sentenced to death for the assassination of Alvarez, and before this he has expiated his crime, the executive clemency having been refused. This is the only intim.teien of the. death of Alvarez. 2,700,000 dols. of the stock in the Tehuantepec Company was offered to the Mexicans, and was well received by eapitalsts The late storm extended along the whole Gulf coast. The Tower of Merced, Vera Cruz, yielded to its violence. The vomito had Jisappesred. There is nothing from Sonora. Affair& in Yucatan are in statu quo. The Government holds Merida. Another account says the Revolutionist& are about to make n coup detat against Merida with heavy artillery. The Governor of New Leon had im prisoned the Bishop of Monterey, because of his refusal to swear :Allegiance to the new Constitution. The Tower of Nombre, de Dios, in Zacatecas, had ' been attacked by banditti, who carried of 30,000 dols in specie and property. Advises are to hand from Havannah, dated 14th November. Sugars are reported as being more active in eensequence of favourable reports from Europe, and large shipments were being made for that market. The weather was very favourable, and it is e,-taid that the eugar crop will be very largo A Norwegiad barque had lauded a cargo of 179 coolies at Havannah. COMMERCIAL INTELLIGENCE. NEW YORK, OCT. 20. MONETARY AFFAIRS We have had a firm market at the Stock Exchange, which at the close is rather bulaut than other wise on several of the leading stocks. The market continues to be he'psd by the inditpo.t.itim of money lenders to c - aatinue their purchases of mercantile paper ; for which there is no reliable demand at present, Bank Stocks are better held than last week, and on the few parcels sold an advance is had on the previous transactions. The ma ket for Foreign Ex change for the Boston steamer wes a tittle more active than for the previous packet, and the range of quotaions, on actual transactions, not so wide, although still very irregular. The top sales were at IC2I to 103 per cent. on 14 , 11 , 10 n. One or two leading banking houses settled credits at 103 per cent , at the same time refusing to draw their own b lls better than 105 par cant. There ware sales of transient drawn bills at 101 to 102, and even as high as 103 per cent., with prime New York in lorsement. Francs, 563 to 5.50, very irregular. Upon the whole review of the market as remark less anx ety to press sales than last week, and few sealers in number.—New York Times Oar last advices were to !he 13 h inst. The next day all our Banks were under the necessity of suspending specie p yments. '1 he Eastern and Southern States immediately adapted a like course, and New Orleans is at this moment the only important point in the United States where spec 'e payments are still maintained. Tice Jaites of the Supreme Court of New York publiehed on the same dey their opinion as to the constitutionality of the sugiensiein, and although the question is not yet relieved from embarrassment, there is every reason to believe that no steps will be taken to in errup the regular course of business Oar banks hive lieew:se resolved to receive and pay out. at par the circalati - n of the country banks of this State. The effect of this last proceeding will be to give currency to about 30,000,000 do's cf country notes, some 12 . 000,000 dole, of which had been driven in and remained unemployed under the influence of the crisis. Gold has risen to but a moderate premium ; the quotation is 11 to 21 per cent, but the dealings are not large, and a pod prep, rtion of the g .Id withdrawn from the banks has be in restored to them either in general account or on special depos.t. The effect of the Bank suspensions has been to infuse a feeling of relief into commercial circle. Confidence immediately began to revive and business was resumed in those branches especieliy c meted with the movement of the crops. Money is already a shade easier, and exchange on Europe shows an upward tendency, while domestic exchanges are becoming more active and steady. Notwithstanding this improvement, the evil still continues pressing. In the Stock Market there has been a rapid and general improvement, ranging from Ito 15 per csnt. The greatest advance has been on the better class of securities, many of the purchases being made for account of capitalists who in ordinary times in vest in business paper. The mercantile suspensions are decreasing in number, but a large number of houses have been forced to ask for extensions. State Stocks show a great advance, with large sales, chiefly in those of New York Missouri, and Virginia Virginia has risen 151 ; Missouri 6 ; Tennesse, 51; California, 5 ; Ohio, 1860, 7 ; Ohio, 1866, 13 ; Michigan, 51 ; New York se, 11, and ditto 6s, 10 to 14 per cent. City and County Bonds—We note bales of Chicag and Cincinnati 6, at an adva ce of 5 per cent., ant of Milwaukee 'II at previous rates. itaitroaa Bands —There has heen a great improvement in New York, Central, and Illinois Central Be is, which have been the most acively dealt in Eie Second Mortgsge Bto is are up 10 per cent. ; do, Third Mortgage, steady, at about 50; do. 1881, up 12 powent. ; es 1875, sales at 30 ; New Yce k Central 6s have advance 11/; do. 7e, 8; Illinois Central Construction, 121 ; Terre dilute and Alton Secend. Mort gage, 1 ; Hudson River Fit st Mortgage have been sold at 7 to 75. Railroad Shares show a general and great rise, but the sales had not been large. Erie had risen 31 ; New York Central 114 ; Michagan Central 6 ; Michigan Southern 3 ; do preferred 61 ; 111 nois Central 61; Cleveland and Toledo 8; Chicago 151; Cleveland, Columbus and Cincinnati 12 ; Cleveland and Pittsburg 5 ; Milwaukee and Mississipi 6 ; La Crosse and Milwaukee ; Hudson River 5 ; Hertford and New Haven 15 ; Re-:ding rose to 361 but closes at 32 Money Loans on call show a little more lire at 7 per cent. First-class paper has been sold at 3 per cent. a month, but there is almost nothing doing. Gold 1 to 2 premium. Exchanges —rates are tending upward, but continue very irregular. The sales are increasing in extent. London, 100 to 103 ; Paris, 5.40 to 5.G S. MAtinG AND KINZ. In our last adcices of 13th inet , we announced the suspension of specie payments on the part of all our city batiks Since that event, it has been decided to receive on deposit the notes of the country banks at par. This caused a better feeling, and prices at the Stock Exchange have generally advanced. The failures of merchants and bankers, reported during the week, have been very numerous, and some of them very starling. The relief to thy, M moy Market that was expected to come from the suspension of the banks, has not yet been felt, thcugh trade, which had come to a stem 1, new begins to move elovly is its usual channels State Stocks have le , en more active, and have advanced rapidly in price. The principal transactions have been in the various issues the S.ate of New York Missouri Gs, Virginia 63, and Tennessee 6; In the t ity and County Bonds there has been but little done. Some few Milwaukee City Sinking Fend Bonds have changed hands at former rates. In Railway B mils there has been but little done. The chief transaction's have been in Illino:s Central C sne rue ion 7 per cent. B 'lids, and the different issues of the Erie Railroad. At private sale we have nothing to mention. Railroad Shares have not been active, though prices on the whole list are higher. The soles were chiefly in New York Central, Reading, Erie, CI evelen I and Tole io, and Panama. The advance in the prices of Delaware and Hudson Canal Company and Pennsylvania Caeal Company have been very marked during the week; we quote the former 20 per cent. and the latter 17 per cent. higher. Exchanges nee better held. On London, at 100 to 1 3; on Paris, 5 5 1 to 5.63. DE COPPET & CO. COTTON. A market for cotton can scarcely be said to exist in thi city at the present time, and until a supply of ths material is recHved a report is almost unnecessary. The few lots told have been at irregular and low rates, and no correct quotations can b 3 submitted, Tne export for the week has been - to Liverpool, 1,2: 1 5, and to Havre, 216 bales. Last week I advised the suspension of the banks in this city ; in other parts of the country the banks have followed the lead of New York. At Charleston, Mobile, and New ()clean', however, some of the banks still hold out, and the idea is general that they will continue to pay specie until the legislature in each State releases its banks from the penalties of suspension. The impression that relief would at once be afforded to the bisiness community has only been in part realised. Money is still dear wacl difficu t to ba procured. Exchange is somewhat more negviated, but only at va y low rat s An im provement will vary soon be felt, and gradually the export trade of th 3 country will be resumed. Southern Markets. —The p,rticnlars received up to the latest dates are g'ven elsewhere. By telegraph we have a work's later adiices. At New Orleans the depression continued, and small sales were rn,de at geadullly declin ing prices, until middling was bought as low as Oc. per lb on Friday last. On Saturday, the lich ins'. the, e was more dojos; p ices reacted, closing at lle. per lb. for middling, after sales for the day, of oval . 8 000 bales. At Mobile, Savannah, and Cha 1 ston, the market is unsettled and uncertain, but as negociations on E..igl.nd and France are likely soon to be renewed, graater activity may 50011 be looked for, B ; telegraph the following has been received : New Orleans, Oetcber 17.—Receipts for the week, 37,000 bales ; same week last year 48,000 ; dec-ease in receipts at this port oomored with last year, 60,000, and at all 'he t,f , o Southern po tq, 181,000. Sales for the week, 16,000 Stock on hand, 114,000, Higher prices a ked MiN:lling, 9c ptr lb More movement in exchange. Freight to Liverpool, id. per lb. P.M Sales already, 5,000, and may reach 10,000 bales Mtddling up to 110. per lb. 03t. 19.—Middling 103. per lb. for cla&h, 11c. per lb. for ex hange. No freight room for Liverpool at id. per lb. Mobile. October 17.—Ree&pts for the:week, 7,ooobales; same week last year 5,000. Middling lis per lb. Freight to Liverpool nominal Oct. 19 —bales of middling at 101 c par lb. Exchange difficult. Savannah, Oct. 19.—Good middling 12a per lb; Re. ceipte trifling, Sterling at par. Crop.—The ace= ts from the South received during the past week contain no new feature as to the position cf the growing crop, the question still hangs upon the period of &cost, So far we have no account of frost having occurred at any point in the south. The following is a statement of the movement in cot ton since the ht September as compared with the pre vious four years : Receipts at the Ports 159,000 2 ,t 4.000 3 .1,000 107,. , 00 12 ,00J Exports to G. Britait 37,000 19,0 )0 99,000 49, ( .00 50,000 " France. .. 4 040 26,102 21,000 24,000 5,0 0 " other For. Pts. 6,000 9,0.4) 12,000 10 004 13,000 'PAW Exports. 46,000 54,004 132,000 83. 01 68,000 Stock on Hand ttst,ooo 210,000 274 000 166.000 13t.000 Of which during the past week, included in the above : Hoeridts at the Yon 55,1)0; 83,00. , 72,000 43, , 4a: 41,40 n Exports tuG Britain 10,0A' 2,000 18,000 8;0 '0 4.M 0 Fra , ce. 11,000 3.909 1, , .0() 2 poo " other F. Ports 2 000* 4 000 5,0 , 0 2 0 2 01). To tal Exports l 12,00 1! 17,000 26,000 1 11.0u0 8,000 Summary —Receipts : Decrease at the ports compared with last year, 109,000 bales. Exports : Increase to Great Britain, 18,000 bales. Decrease to France, 22,000 bales. Decrease to other foreign porte, 4,000 bales. Total decrease is exports, 8,000 bales. Freights are dull to Liverpocl at Z-d to 5 321 per lb, and Havre at 4c. Exchinges an rather unsettled. Bankers were asking 105 per cent. for bilk on London, but the rate yesterday settled at about 103 per cent. On Peels the rate is nominal at 5 75 to G. W P. WRIGII7 BaRADSTUFFS —The market for State and Western flour is heavy, and the tendency is in favour of buyer, for neatly all gradks; the sales are 10,203 brls at 4 dots 7d cto 4 dole. 83c for common to good State; 4 dole 95c to 5 dole 10c for extra State ; 4 dole 65c to 4 dole 85c for common to go:d Michigan, Indiana, Ohio, lowa, &c , and 4 dole 90c to 6 dole 75c for extra do; round hoop Ohio shipping brands are quo ed at 5 dole 25c ta 5 dol. 50c, with a small surply offering. Southern flinr is also heavy, wish sales of 1 200 brie at 5 dole 40c to 5 c ols 55e for mixed to good brands of Baltimore, Alexandria, Georgetown, Frederickt.,•barg, and 5 dole 700 to 7 dole 20c for favourite fancy aid extra brands do. Wheat is 2c to 3e lower on all grades except the finest qualities of Southern; the sales include 4,500 bushels red Southern, 1 d 1 23e to 1 (1. - .1 25e ; 8 200 atubor Southern 1 dol 27kc to 1 dcl 30c; 6 750 white Southern 1 dol 35e t' 1 dol 43e 4,C00 bushels No 1 Chicago spring 1 dol sc; 20,000 Milwsukee cub 1 dol 6c ; 3,500 white Michigan 1 dol 223; 7,600 red Indiana 1 dol 16c ; and 2500 white Indiana at 1 dol 200. Included in the above are 5 000 choice white Southern at 1 dol 45c, and 3,000 choice red or amber at 1 da 30c, both sold by Messrs Gray and (Hassell, the rates being considered very full prices. Corn is I)wer and very heavy, wlh sales of 17,000 bushels mixed Western a+ 73c to 74c ; and 6,700 bushels of white or slightly mixed Southern at 80c. Hors : The market continues dull, and prices are in a measure nominal at 6c to Dc for new, according to quality, and prociptmss in payment. IRON : Scotch p'g is dull at 28 dole to 29 this, six tu3nths. PitovistoNs : Pork is in retail demand only at frul prices, the sales which transpired are 66 brls at 22 dols, 25.! to 22 dols 50c for mess, and 17 dots 25c to 17 ,'ols 50! for prime. A. sate was reported of 400 brls mess at 21 dots 75c, check to-day. Dressed hogs are irregu ar and heavy, at 7,1-c to Bc, Beef is dull and irregular, with retail spies of 30 brls at 13 dols for new country mess, 10 dots for new country prime, 13 to 14 clots for repacked Western, and 14 dots 25c to 15 dols for extra Western mess. Beef hams are selling in small lots at 16 dcl's Bacon is dull and nominal. Cut meats are heavy, with small sales of shoulders at 91c; new hams are inquired foe at about 11c Lard is unchanged, with sales of 298 tierces and brie at 12c to 15c, the latter ra'e fir verychoice ; 50 kegs ware also sold at this rate. Butter is dull. Chsrse is selling at 6c to Sc FREIG ATS : To Liverpool, 43,00') bushels of grain were taken at 41d to 53 in bulk and shipper's bags; sld to 64 in ship's bags; 2 210 brls of flour at 2s to 2, 31; 300 boxes cheese 25s ; 100 bales of cotton at Id. To London, 300 brls flmr as 21 3,1; 100 bales of wool at -id To Glasgow, 500 brls flour at 2s 6d. To Bremen, 50,000 lbs whalebone at lc. To Antwerp, 1,000 brls rosin at 24 6d. A. brig was taken up from Jacksonville for north side of Cuba at 11 dots for lumber BY TFLEGRAPII• NEW YORK, OCT 20, 0 r m.—Monev continues stringent ; the best cla-s paper still selling for 3 per cant, per month. Business, however, continues to revive gradually. Specie stands at from 1 per cent. to par, and has a downward teriaen , y Tue amouut, Uttla Dy ow: elLy uapti.n to nut, lo3r, than 10,000,000 and compared with their liabilities they are in a stronger position than they have been for years past. The Grocers' Blnk to-day voted to go into liquida tion, and the thwery Bank, having forfei'ed its rights under the banking law, will probably have to follow the same course. It is rumou-ed that several of the banks here are preparing far an early resumption of specie pay ments. The announcement in a morning paper, of the suspension of Sampson and Baldwin, iron merchants, is untrue. Ashes, pot 6 56,1 to 62 pearl 6. Flour sto 10c lower and dull, sake 6,200 brls, cem to straight state 4 65 to 5 60, extra Get esee 5 40 to 7; Southern very heavy, sales 700 brls, mixed to good 5 50 to 5 85, fancy and extra, 5 90 to 7, Canadiae lower, ex-rs, 535t0 6 60. Corn, lower, deme,ed heal, sales 40,000 bus, mixed Western 70, white Southern 80 Po-k dull and lower, ' , ales trifling ; mess 21 to 22, prim.? 17 to 17 50. Beef heavy, repacked Chicsg )13to 14 Lard dull, no sales, brie 13 t) 15. Butler, Ohio 13 to 16, State 16 to 21. Whi'ky 211 to 22. Fish, dry cod 3 12!-,- to 3 62; mackerel 8 75 toll 50 Ceffee steady, Rio 103 to 11.1, Java 16 to 16_• Seger quite firm FiVO3 1,200 boxes, half for export. Molasses, sales, 40 'Aids by auci , nat 223 to 241, cash. Linseed oil lower, 64 to 65 Silits Turpentine 40 ~ sales 1 500 brie ; crude 330t0 3 75. Iron, S3otch 28 to 291. Rice lower, 3; to 4,j. Tallow 8 to 91. Freights to Liverpo 1, cotton flour is 9d to 24, grain 4d to 61. NEW ORL I;ANS, Oct. 19. —The Bank Peesiden's have have agreed to take certitiel checks on the Cr izen's Bank, in payment of debts The Citizeu's redeems ha ci.cula• don with specie, but not cheeks of depositors. ST. Louis, Oct. 20 —The State Banking Institution, in this city, has opened a dep isitory fur the currency ( f the adjoining States ; ako fix the currency of the New Eng land States, and the State of New York ; also for the notes of the Phila,lelphia, Pittsburg, and Balti i rnore Banks. A large number of the heaviest merchants advertise to receive all currency at par. Out. 20.—M tssrs. Farnham, Kirkham, and Co., dry good dealers, hava suspended, and a s k an extension. WEST INDIA AND PACIFIC MAILS. We have already given a t .I , graphic summary o the news brought by the La Pettit Lied the Pao fie We now apend a few further details. Our files from Jamaica ex end to the llth instant, when the steamer left His Excellency the Gorernor had con vened the Legislature to as-!emb'e cn the 10 h proximo It was stated that business of the utmost imeortance waled be brought under the consideration of both houses. An attempt would be ma le to hboli,h all direct imposts and raise the revenue of the country by means of indirect taxation,--z e, on imported articles, which soma parties conceived would be on . rageous in the extreima,'as the present prices woald be very oppressive to the pocrar daises of the community. Commercial affairs, owing t ) the late - heavy rains, were languid. The sugar crops presented a very cheerful aspeee, chiefly she result of the late rains. The i4and generally was healthy. Frost Ba-badoes we hear that the hurricane season bad passed away w thont any calamity havir g befallen the island. Daing September the rainfall fell short of that of the two preceding months, bet was quite euificient to sustain vegetation in a state of luxuriant vigour. The general news of the fortnight was totally devoid of interest. i he legislature had adjourned for six weeks, and the entire cessation of crop operations had proluced the utmost seig natio') in every department of buliuese. The market was bare of all kinds of American breadstuffe. There had been some movement in Coolie rice, exports to the amount 1 of about 1,500 bags having been made to Guadeloupe and Blartnique. Demerara news is also without interest. The Court cf Pohl ha'. met t nice during the week preceding the depar ture of the mail but did no business of importance. A letter received by the Chief Jesetice from a gentleman at Tortola, in which the writer Ft a tea. that the inneleitants of that island were in a state of great deatituti n, and sug.. gested that some steps should be taken to induce them to emigrate to this col )ny, was laid before the Court of Policy, and it was resolved that the present law should be so modified as to legerze contracts made with imraiwanie from Tortola and other Brit'eh West India po.sresesions The quantity of rain which had fallen daring the last six menthe was unusually great, but the dry season had set in in earnest. The cane_s exhibited a healthy and thriving appearance, and a few weeks of dry weather would bi ing then generally to a sate of maturity. The exports during the past fortnight had been— Sugar, 1,230 hhds., 91 trcs., 357 bele , 130 bags ; rum, 681 puns , 91 hhds , 60 brie. ; molasses, 320 puns., 8 lthde., 5 brie.; timber, 28,691 cubic feet ; lancewoM spars, 203 ; cocoa nuts, a 489 ; rum shrub, 1 brl. ; cornmeal, 318 brls.; old rum, 35 puns ; old metal. /0 tons and 80 tb. ; lard, 2' trcs.; fish glue, 1 pun , 4 brls. ; ana•to, 56 (foreign) ; mem, 112 bags (foreign). At Grenada the approaching meeting of the Legislature was anticipated with some in west, and specutation was active as to the na ure of the new p 1 ins and projects of improved legislation to be intr)dueed. Tee approval of her Maj •sty hal been not find to the appointment oft Mr. S. 3002 ell as Colonial Secretary for Grenada, in the room of Mr. B. Alleyne, removed to St. Vincent. The death on the Bth inst. of Dr. Alexander Richard, after 50 years' residence in the island, at the age of 72. had caused great sorrow aratmg the inhabitants. Fine rowing weather for the canes prevailed over the country. Cocoa of the new crop was being brougut into the market, %here it found sale at 60s to 63s per cwt. Dates from Valparaiso ere to Sept. 15. There is very little pilitical news from Chili. The Government has not yet been able to organise a new Cabinet—all the attempts made by Sc. H. ltrmeneta to hit effect having failed, and resulted in his resigning the task Until the forma ion of the new cabinet, it is impossible to fumee the line of policy the Government will adopt. It is said that the President will grant an amnesty durin the eelebration cf the anniversary of the Inde pendence ; indeed, the measure is such a popular one that it wou'd be impolitic to withheld it. The Legislative , Chambers dissolved on the 31st of August, but they will be caUed together egein in extraordinary session as soon as the cabinet is formed. This measure is rendered necessary, as the estimates have net yet been voted. The approeehiog festivities of the 18 h have inter fered with business, which is comparatively at a stand still. The scarcity. of money has also 'ended to paralise trade. 0, od bills are with difficulty discounted at l i per cent. The effect of the I rge exportation of coin has, for sem° time, been felt in commercial circles. During the first eight months of this year $94.D,046 , in silver, and $267,821 in gold, has left the country, besides the amount sent from Copiapo to the Argentine provinces. which brings up the total export to over $2 000,000 The value of the exports from Chile for the first six months of the year amounts to $3,813,473 Ths appeal of the Peruvian Consul, soliciting the seizure of the guano exported during the time the islands were in the hands of General Vievie h.s been disallowed. The s of the Santiago and Talca telegraph are being laid. Sr. Jagaez Schazuann has been' recognised as Consul of Swi'zerland in the port of Valparaiso. Great preparations have been made for the celebration of the anniversary of the Chilian Inthpendence on the 18 - h and subsequent days, during which fine all business is suspended. Verious attempts to subvert the government have been made in Bullvis, but according to the newspaper accounts, they have been unsuccessful, the people adhering to the legitimate authorities. Affairs in the south cf Peru still continue without change. Castilla, with nearly 5,000 men, has not ventured to a'tack Arequipa, and all the efforts that have been made to bring about a pacific termination of the war have failed. Castilla was about to move with his forces to the heights of Resoleeta, and a decisive blow was expected to be struck early in this month. A few skirmishes had taken place without much advantage on either side. PASSENGERS FROM The Peninsular and Oriental Company's steam-ship Colomb), Captain F eld, with the bom3ward India and China ma Is, left Alexandria on the 21st inst , am , and Malta on the 25th, And may be looked for at Southampton on the 3rd or 41 last. Her passenger list is as follows : From Hong Kong. -Lieut. his Royal Highness the Prince Victor; Hohenle?e, Lieut. CuHinson, R.N., Mr. - Self, • Ensign Telford, 59th Regiment, Mr. Wocdgates, Commander Ch2mbels, R.IVI Lieut. W ams, it.N., Lieut. Autey , R N., and Mr. Gerrard, From Singapore —Captain Noriia._ _ From Pat — azig —.Mrs. 'l3-addell and three children. From Calcutta.—Mrs. Elliott, two children, and Euro pean servant, Lieutenant Pixley, Mrs. Sampson, Mrs. Swiney and three children. Mrs. Norris, Mr. Hearlyrote. Mrs. O'Donnell, Captain Dunbar's chit 4 , Miss Pit-ar, Capt. Burchcliffe, Mrs. Bumbery, Ur. Ne wall, Mr. Thorns, Mr. Maxton, Captain Murray, Mr M‘Manus, Miss Webb, Mr. G. C Spakes (chief officer, Peninsular and Oriental Com pany's steamer Nubia), Messrs G. Caandler, J. Lee r and J. Lee (stewards of ihe Nubia). From Madras—Mrs. Tunis, two children and European servant, Mr G L Morris, Lieutenant Taylor, Miss Wood- Major-General Stratton, Miss Parke, Mrs Parker and two children. Mr Parker and servant, Mr. Mackenzie, and Mr. Seiveir. From Ceylon —Mr. Affick, Mr Brown and servant, Lieu+enant Hasted, Rev. Mr. and Mrs. Tarleton, H. J. Yeom at (apprentice. Nubia) From B :mhay—Mr. and Mrs. Clough and servant and Did Willltle6ll, ILIAD Jilillinusuu, M.. V --- husbani, Mr. Baker, Miss Graham, Lieutenant Taylor, Mrs. Galway, child and servant, Mrs. Traver ' Mrs Muter and child, Mrs. Stenh Alas, and two children, Mrs. Cloete and servant, Mrs. Wallis. three children, and servant, Mrs. Adamson and child, Mrs. Seaward, Mr. and Mrs. Owens and three children, Captain Roskell, and the follow"ng persons engaged in, the Peninsular and Oriental Company's service : —Messrs. V. Dod, J. Lewis, H. Tumnesa ' J. Tudor, H. Mansell, M Carthey, and Chapman. Total, 115. THE STOPPAGE OF. THE BOROUGH BANK, LIVERPOOL. Amongst the financial difficulties of the week, we have to record the stoppage of the Liverpool Borough Bank. It was rumoured several days since that this establish ment was in a diffi cult position, and that application had been made to the Bank ot England for assistance ; and as the court of directors at the hank were specially con vened to consider the case on Monday afternoon, and a favourable decision was come to, a notification was issued that business would be resumed on Friday. There appears, however, to - have been difficulties in the way of an arrangement, which prevented this obj ct from being accomplished that were not in the first instance antici pated. The negociatt_ n, it is said, has failed, in conse quence of the other banks that have been called upon to give their assistance, not agreeing with the terms pro-• posed by the bank. The total amount of liabilities is not yet made public, but they are said to be very heavy in the shape of endorsements. • Although we are not yet in full possession of all the facts connected with this failure, there is enough to chew the foundation upon which our banking system le reared. This Bank was established in July, 1936, the year before the great American panic of 1837. Its paid-up capital by the last report was £1,000,000, and the reserve fund X 109,214 16i 11.1. The losses in this account are stated at 1:45,825 2, Id, which are said to have been almost all occasioned by " the frauds of a customer?' The net profits on this occasion were given at, £ii9/118 12s. Bd. and the dividend was reduced from 7 to 3•per cent. per annum. These are the facts of the case as tegarde.the Bank's position at that time. We now come to the system which has reduced' the Borough Bank to its present condition. We are told that the Bank of England received its. application for assistance favourably ; we have, therefore, a right to assume thdi t t the Bank was in a solvent state;, yet in the face of thie, one of the conditions was, that it must wind-up its business, without which the required assistance could not be given. Is..not this, a practical il:ustration of what we said on a former occasion of their being no supply to be raised from. the country " pumps"' in , a time of scarcity, and that on• such occasions no remedy can be obtained without drawing the required supply from the " pump" opposite the Royal Exchange. And how do the managers of this Metropolitan " p um p " make their terms with the Liverpool Company ? Why, something in the following language : " Gentlemen, we have considered your case, and we have come to the Conclusion that it. is a legitimate one for our sympathy. We see you have been exhausting your supplies by too much liberality to yotie customers : but a little rest may do you good. Tale is, however, only one. condition upon which we can consent to supply your wants : we cannot permit you to repair your disordered pump' with the supplies received from our owe for we have s many applicant a that we are fearful our stock will be exhausted. It you will, then, only consent to remove your pump' altogether, we are ready to supply your customers whenever you may require our assistance." Convert this langnage into a qiestion of currency, and the simile is complete. The public have been recently. told. on the authority of the Times, that " there are no terrors in 8 per cent, or any other rate of discount."' According to this theory the Bank of England needs only go on with their advancing rates until the whole of the profits of trade are absorbed in usury, -for it cannot be correctly known by any other name. But do the merchants and the bankers of Liver pool commit themselves to such a creed as this ? We can only say if they do, they deserve to fall under the system that has crushed•one of their banks, after having transacted business for 21 years in their borough. 'ln no town in England has this S per cent discount fallen with heavier weight. Liverpool has no monetary aid in times of pressure but through the Bank of England. as it has no issuing banks , no r any power of extending credit to merchante under a depreciation in the value of their produce. Will the Liverpool merchants and bankers come for and avow that 8 per cm'. discount lies not depr ec iated their merchan dise ? If a steterneut of this kind could be verified, then we should be read' to consider the failure of any of their Banks a discreditable result. But we know to the con trary. The wealth of Liverpool consists principally in the mercbar,dise of its vast storehouses and shipping; the advanae in the rate of discount to 8 per cent. is the acknowl',dged machinery by which every kind of mer obaneLse and manufaotures becomes depreciated : and it ' is upon this basis that our whole system of banking IS fon - rded. The merchants of such towns as Liverpool, have principally themselves to blame that they thus submit to be crushed, or brought to the verge of bank ruptcy, every few years, as if it were a law of nature t that those who have nothing to do with the production of wealth should have absolute power conferred upon them to throw the whole commercial and trading world into confusion, whenever it may be turned to profitable account. Live.poil, with a number of other towns, has formally adrnitte 1 in its C lamber of Commerce the unsoundness and the insecurity of our currency laws ; but what have they dote in their efforts to introduce an improvement r Practically nothing. They have continued in apathy, :and will probably do so until some commercial tornado 'ilia suddenly awaken them to their real position. Never was the moment so opportune for the mercantile com munity to unite, and demand to be heat d on this point by the Government. We have the example of America before our eyes ofthe danger of placing the wea:tri of an empire at the mercy of a speculating body of men ; and though we hare not yet felt the crash so he kvily as it has been experienced on tha other side of the Atlantic, it is high' time we should begin to think about setting our own house in order before it be too late.--Biznker's Circular. WS. 00' needlea . 010 -- curia' • 0 )O state, ad a "ci Ira' St" orsi si ' aro te ho th o AEI 0 11 0 gi tile f;a rge ot oo too- tif e enii ; I at! riSI" lA,n b, o 5 e e! a t Oita° tli6 des 10 . • 0 1 1 11 ' n of I to" 6 a f sotri ei 1 c fro ° bl i y h ts 'ego; • the t o ing 00 0 tbo oror9 for tue OP „ ° " 'froo •fiti i n SP ri g e ; and , f lea l ot r e " of c ti tre te o „ r Olh° bet t ea tr. to - , P r icoo t. o hic ,rds oOr'b tbs ott , o'p .i 0 51 , 001 Ito!' j 310 %. l eaf i rerl lead' CO' tte 0 0 was pe re 9 io tim e bra A ro i fy 53° 6 THE PRESENr FINANCIAL CRISIS.. It world perhaps be too much to say that the present financial crisis is equal to that of 18i7, although, in a great measure it resembles it. The real difference is, that whilst in 1847 our financial difficulties were eroduced by inordinate speculation at home and - by over.trading abroad, in the present instance it is produced by the speculations-of our continental and transatlantic brethren. In 1847 we saw firm after thn, which, previous to that period, were considered almost "as sae as the hanky" rumbling to pieces, and the result was a general panic: Bet still, such was the general so ndness of car commerce, that not a single bank was obliged to stop payment, although there were several who were regarded as being in a very ticklish position. The panic of 1847 , may, therefore, be favonrably compared with, the panic now in operation in America. In that country, with one or two exceptions, the whole of the banks have stopped, or rather have refused to pay specie. This is, by the majority of perseme, regarded as sound pol!cy, and as the only means of preventinp, absolute-ruin. But the conse quence to this country cannot fail to he very disastrous. When the enormous amount of our commercial transac tions with America,. the almost fabulous amounts of our exports to that country, come to be considered, our manufacturers must be expected to suffer severely The long list of failures that is brought by every mail is onoceh to frighten even the- most prosperous firms, and, as a consequence, numerous failures may confidently be expec ed, so intimate are the connections between firma in Boston and New Fork on the one hand; and Liverpool, London, Glasgow, and Belfast on the other. Nor will the embarrassments be exclusively confined to the American trade. The present high rates of money must produce embarrassments among smaller houses in other departments. anti the pressure is at this moment being most unmistakably felt in the textile manufacturing districts in Lancashire and Notting;iarn, and in the hardware districts of Birmingham and Sheffield. In fact, all branches of trade must, be large sufferers, ant, as a consequence. the working classes cermet but Cel the effects of the general depression during the next few mouths. Such is now the d , strust that naturally exists, that few of our manufacturers care to consign their goods to firms in America, who, for aught they know, may next day stop payment. Te carry on the manufacture of goods for which there will really be no market-for the next six months, would be suicidal folly ; and yet for manufacturers to close their; mills is almost equally disastrous, as they cannot afford to allow their capital to I remain idle. Of the two evils, however, the latter is evidently the least. But, although the prospect for the next few months is gloomy enough, yet there are strong grounds of hope for the future, especially as regards this country. Had p ayments still continued to be made hr specie, a very large amount of the precious metals would have been drained from England, attracted by the! , high: prices. The present high rate of interest in this country, together with the non-specie payment in America, will, however, petty nearly put a stop to this, because our capitalists will prefer taking se.eu per cent for aide money at call, than running the risk of sending it to America. But, althoegt, there wdl not he that drabs_ that was anticipated some three weeks since, yet sr& must be prepared to see a certain amount of English capital finding its way to ..Annerica. owing to the great depreciation of almost all the really good securities, some of them having fallen as much as fifty per cant. Thee e off. r very alluring baits and cannot fail to attract many of those who have any spare capital. As yet it is satisfactory to find that so few houses in this country have succumbed, and that only one bank has. up to tht3 time, been compelled to step payment, although a certain amount of uneasiness is felt with respect to one or two others. The present high rate of discount would, at' first sight, lead many persons to believe that these were the most prosperous times for the banks ; but they lose sight of the fact. that in order to realise these large profits they are compelled to run great rusks, inasmuch as the paper, which in prosperous times would be con sidered as safe as a balk note, may -now at any moment become almost valueless, and this not from any fault --hants but from the misfortunes of those on the other side ot the water. ine oantcs,ti are obliged to , use every possible precaution ; but even then they cannot hope to come off scatheless, because several of them are known to hold considerable amount of American paper. There is also this additional cause for fear for some or our banks,. especially in the metropolis. Daring the last two or three years the competition amonest the banks has been very great. The high • rate of dividend which many of the old banks paid called several new banks into existence, and, in order to keep up their business to their old standard, the old banks have been compelled to en-, large their sphere of operations, and to run greater risks. At the same time the commercial public may be pretty well satisfied that, supposing any great pressure was to fall upon one of the London . banks, the others would do all in their power to assist it because, if once a feeling of insecurity were to arise, it would be imposs'b'e to sayer where it would stop. In the midst of all this trouble and uncertainty, however, we have the inestimable blessing of food at a cheap price. Vineat is now lower than it has been for the last five years, and there is every probability of its being still lower. Meat is also falling, and these two circumstances will do,much to alleviate the misery • which the financial crisis would otherwise infallibly have produced.— Observer. LIEGE RECEIPTS OF GRAM it."fair wind on Saturday last brought into port a large fUet of grain vessels, mostly f i om Chicago. Our marine list shows the receipts of wheat to have h .en 318,154 bushels, corn 9.5,8011 bushels, and oats 63.600 bushels. making a total of 531,g3.5 bushels, which is tl.e largest receipts of any one day this season. From the plthlahed clearances in the Chicago papers, there are still over 300,000 bushels of wheat afilat from that port for Buffalo, most of which is now due. and may be in within a day or two, should the wind prove favourable. The receipts at kllfcago from the interior continut large, and w-a may yet look for liberal receip's of wheat at this pia from now to the close of navigation. Oar market on Friday and Saturday exhibited a market irnprovenvnt, and large sales were effected, and at better prices than' for several days previous.—Bufalo Courier, 19th. PENALTY FOR DEFAULT OF SPECIE PAYMENT. It may not be generally known that 24 percent. interest accrues to the holder of every bank bill on, which specie payment is refused. See. 29, chap. 36,, of the Massa chus tts Revisal Statutes, which is still in force; reads as follows.:—. "If the officers of any bank shall refuse or delay payment, in gold or silver money,, of any, note or bill of such bank, presented for payment in their usual hours of business, the said bank shall be liable to pay to the holder of such note or bill, as damages. at the rate of twenty four per cent. a yea; foe the time during which hunit payment shall be delayed or re fused." - B ) ' an Act of April 25, 1633, the onerali , n of the ab Ara section was suspended till Jan. I, 183.9, with five provisos, which we need not quote, as the section has so long again neon io. n•-a--- 1-..--1 THE WESTERN B&NK OF SCOTEAN I AND THE BOROUGH BANK OF LIVEaPOOL. The following statements appall. in the Times 6ty article :—Tt is officiary sta - ed thit the assistaiee granted to the Western Bank of Scotian' by the other Scotch banks don not involve a condition that that establishment shall be wound up. It has an excellent business aid a wealthy propnetory and uoler a thorou3h reform of management now instituted, is likely, in the opinion of many well•informed persons apart from those who are • interested in its fate, to regain a position of perfect soliiitr. Lettere from Liverpool, explain that the failure of the negociations for the rellef of the Borcugh Bank was caused not by any withdrawal of the Liverpool bauki from their offer to give guarantees, bit from a dierence of vieV between themselves and the Bank of England, when the precibe terms of those guarantees came to be discussed. Ma Cakaux OF'CONSPIRACY AGAIN T LORD CHARLES PZLHAM CLINTON, AND MR. ALFRRD JEFFaBs,—Mr. T. J. Stubbs, acting on behalf cf Mr. F. W. Sto2kwell, mining agent,of Old Broad-street, hiving preferred a bill of indictment, entaining seven eonot3 and four yards of parchment, against Lord Clinton , Ind Mr. J: (free, in res pect of the transactions in the Wheal Zion Mine, which have recen.ly created walla sensation in mining circles, and formed the subject of proceeditio.4 at the Mann.house true , the Grand Jury, after bearing the cv idenoe, return, cl a bill on all the counts in the indictment. The trial w it h l, in all probability, not take place sili next session, ait understood an application is to ha made 14 a warrollt %cs arrest Messrs, Clinton and Jcaree.