Northern Times.
Liverpool, Merseyside, England, 1857-09-09 00:00:00

THE UNITED STATES.

The advices from the U4ited States isnot of any
importance, The following, remarks, however,
from the New York Courier and Enquirer of the
26th nit., under the head of " Bitstness in NEW
Ironic." will no doubt prove interesting to our
readers:—

Some few parties who have advanced largely upon
railroad securities now depreciated, have been compelled
to suspend p tyment in this city. These failures are
how-ver few, and may be said to be wholly co-_fined to
those who have gone out of the legitimate course of
Bankers, and have taken too heavily of one species of
pablic securities. But the effect upon our city
is small. Wall-street is not New York. Take all the
assets of all the suspended parties and of all the railroad
corporations whose paper they hell, and the
aggregate is but as " a drop in the bucket." The real
effect so fsr is to create a serious inconvenience to a large
class of bankers in the West, who had entrusted their New
York funds to the parties under protest. The amounts
held by our city banks and bankers (assuming it at one
mil oa of &liars) affect but in an extremely small degiee
the business of Wall-street itself ; and as to other parts of
tle city, it need not be thought of. We should revert ta
the great, the important, the all powerful interests of
Commerce, under such a money stringency as prevails at
the moment, and at the moment only. We feed our
/Manufacturers closely engaged in filling or executing orders
from all parts of the country at large. Every department
of internal trade is active, and remunerative alsc.
The country is abundantly prosperous from the At-
Untie to the Pacific. Labour is in demand everywhere,
from Maine to California ; and this labour is well repaid
The planter at the south and the planter at the west are
reaping a rich harvest, and if Wall-street were blotted out
of existence to-day, the permanent interests of the country
would scarce feel the change. Unfortunately the strin-
gency felt in money matters is brought about in p irt by
the wild vagaries of certain journals, backed by interested
parties, whose only aim of late has been to destroy confi•
dance, when confidence only was essential to sustain and
maintain important public interests As to the ability of
the mercantile classes to sustain their credit, it is
conceded that they have never been stronger. Pay-
ments from the west and south have been punctual
this season, and those regions are fast becoming
creditors instead of debtors to the Commercial Metropolis.
We hear that liberal orders have been received from
England for breadstuffs from this quarter. Lower prices
will, it is true, be realised.; but it is well known that the
grain producers of the West, can compete with the whole
world, as to quality, quantity and price of the cereal pro.
du.fda. If our farmers cannot get 2 dole. or 1 dol. 75c.
per bushel for wheat, they will realise a profit at 1 dol. or
1 dol. 25e. All the combined efforts of England to pro-
duce cotton in India, have failed; and the United States
must, for twenty years to come supply Western Europe
with this great staple. On the whole, there are no
grounds for fear, either financially or commercially. A
few weak houses will probably suspend during the week
or month, but the city at large is abundantly strong and .
rich. -