The British Press; or, Morning Literary Advertiser.
London, England, 1825-06-03 00:00:00

THE BRITISH PRESS.

'COMMERCIAL PAILURRS AND PANIC IN
DUBLIN.

There has been for some days a most ex trent dinary panic In the
canne.ereial world in Dublin. It origitated in the failure of an
extensive house in the sugar trade. which failed for upwards of
90 OK, and it was much an mewed o Saturday by the news
that our Chief Magistrate had stopped payment. A report, too,
was spread on the same day that Shaw's Bank was about to close,
and printed harellill, to that effect, we understand, were exten-
sively distributed through the country. On Saturday evening the
alar •i through town was very general, and Penal persons attempt-
ed, but without MACCHIA. to change the notes of his bank. At ten
o'clock, A. M. yesterday, the crowd opposite the. bank door in'Foe-
ter-place w.,s very great, and the anxiety became quite excessive,
U. owing to some unlucky circumstance, the doer was not opened
for more than ten minutes after the usual hour. This was the
more extraerdinaty.. as the bank had been kept open till late on
Saturday evening. The persons who were instrumental in spread-
ing the malicious report deserve to be punished, and we hope the
police will use exertions to discover them. Shaw's bank sustained
the run extremely well, and showed evidently that there was no
foundation whatever for the rumour which had been circulated.
The other private banks also paid off to a large amount yesterday.
We trust now that this absurd panic has subsided, public cretiit.
will again be established on • 6rm bails. Five hundred pounds
reward has been offered fur the apprehension of those who fahri-
rated the report relative to Sir R. Shaw's bank.—Dublin Morning
liedistcr of Tuesday.
The Dvbltin Mores:: Post says--We arc authorised to give the
moot decided and emphatic contradiction to a paragraph which ap-
peared in fete Star morning paper of yesterday to the following
effect :
" The Batik of Ireland, naturally , alarmed by the number and
extent of toe failures, and to guard against possible loss, has
ceased its discounts, and the bills and securities of some of our
most eminent merchants and others have been refused."
It it scarcely neceastry to state, that the above paragraph is
utterly groundless. The Directors of the Bank, on die contrary,
have manifested an anxious disposition, by the utmost liberality
in their discounts, to• sustain credit, and meet the exigeneies of
the period. The motives which suggested this paragraph are
sufficiently obvious; its publication at the present crisis can
have no other tendency than to extend public alarm, and to ag.
gravate the distsease• which every good man would be anxious to
alleviate.
fen oat A PRIVATII.ITTMO
DUBLIY, MAT 21—The Lord Mat"? of Dublin faded, oat
Saturday, for a sum, it is supposed, of 46.11001. The Lord alsyor
carried on the tea-trade in rather an' extensive manner. Thotteh
never considered a very rich man, he was considered safe, and had
considerable credit It is said that the immelate cause of his
failure was his being deeply concerned in several transactions with
the house of Chamberlain sad Co. The failure of that house has
thrown bark indorsements on Mr. Drury Jones to .he amount of
14,0001. Some fell due on Saturday. Bills to • eons derable
amount felt doe on Monday. This demand be has not found him-
self able to meet, and he closed hie doors. His failure is geeerully
regretted. He rose from • very bumble situation, by industry and
favour, to be " the head of the corporation." He has been, as fur
as 1 could learn, rather inoffensive than otherwise in his manners ;
nor has he done any thing since he came into office insulting to the
feeling* of the people—a circumstance which, in a Lord Mayor of
Dublin, is considered very remarkable He has, it seems, retired
from the situation of Chief Magistrate—a Mr. Archer is to act for
hint daring the rext of the year. The failure of the Lord Mayor,
and the numerous hodsea of minor importance which have closed
during the last week, has given rite to much speculation and to
much apprehension. It is feared, by the best-informed persons,
that the work or bankruptcy has otify commenced. and that the
approaching week will be a very rernatkable and a very disastrous
one in Dublin. Business is literally suspended. For some days
past nothing has been done at the commercial buildings; mer-
chants, instead of selling their various articles of thele, were seen
in groups, in different parts of the room, talking on the disasters of
the times--aome deploring their loases--some antielpating future
misfortunes.

LIVERPOOL, WEDNE9D•Y EVENING.

Wind W.S.W.-- High Water 13 min. past 11.
Arrived the Elizabeth, from Demerara; Atlas, from Charleston;
Hemet, from Puerto Othello (glided Ist April); Atlantic, from
Lisbon ; Frances, Walker, from Campeachy ; Mersey, from St.
John's, N.B. . • Vro.land Welvaart, Van Vun, from Haetlingen.
The Dorothy, for Bombay, passed Holyhead on the 31st May,
at noon.

The Elizabeth, from Demerara, sailed on the 14th April. The
Richerd sailed on the 3d, for Liverpool; on the 24th April, in lat.
19. 27. loniysB. 24. spoke the ship Lancaster, from Barbadoes for
LivorpooL The Leonard, Ilontroae, and Sarah, were to sail in
14 days.
The Nimrod, Bruce, from Liverpool for Trinidad, has arrived at
Gibraltar.
. _ .

The James, Watson, from Liverpool, arrived at Tampico 3d
March.

The Anna, Williams; Claude Scott, : and King Henry,
M'Ewen, from Liverpool, have arrived at Newfoundland.
The Anacreon. Stonehottse, from Liverpool, has arrived at Sligo.
The Hannah, Graham, from 'Liverpool, Las arrived RE Belfast.
The Cotton Market is quite neglected nothing whatever doing,
and only about I.'soo bagA sold the three first days of the week.
Prices are nominally the same.