The Sun.
London, England, 1837-06-06 00:00:00

MONEY MARKET.

(From the Morning Post.)
The gloomy anticipations in which many persons were dis-
posed to indulge on Saturday, with respect to the commercial
prospects of the country, have not, we arc happy to say, been
been realised.. The amount of bills that fell due on that day
was very large, and it was supposed that we should this morn-
ing have heard of many more failures. Such, however has
not been the case. One house has been named to us as hav-
ing been obliged to suspend its payments, but it does not ap-
pear that the liabilities of the parties are extensive ; as they are
known to be in some way connected with one of the American
firms who failed on Thursday, their reported fall has not mate-
rially increased the existing alarm. We learn, moreover, this
( Monday) evening, that the rumours which have been circulated
concerning them are much doubted by those who have the best
means of judging of the actual state of their affairs. The failure
of Messrs. Bell and Grant, and that of Messrs. Gowan and
Marx, have been fully confirmed, but the two other firms
whose situation has been alluded to in a somewhat ambiguous
manner, seem up to ihe present time to be going on as usual.
Arlvices had been received at Liverpool, Birmingham, and
Manchester, of the events of Thursday and Friday last. It
had become generally known at each of those places that the
Bank of England had withdrawn its protection from the three
American firms, viz., T. Wilson and Co., G. Wildcs and
Co., and T. Wiggin and Co., and that the whole of them had
in consequence stopped payment, but the announcement did
not produce anything like the excitement that most people had
expected. The position of these houses was understood to be so
extremely critical that all who were interested in the result had
doubtlese prepared theinselves for the worst. The Cotton
Market at Liverpool was comparatively brisk again on Satur-
day, and no failures were reported. We understand that the
affairs of Messrs. Thomas Wilson and Co. will be wound up
under the superintendanc yof four trustees, all of whom are
eminent merchants in the city. We shall be glad to learn that
the same mode of liquidation is resorted to in the case of each
of the other two houses. It will be less tedious, less expen-
sive, and in every way more to the interest of the creditors, and
of the firms themselves, than the unpleasant alternative of a
bankruptcy. The securities given to the Bank of England
for their advances to these several concerns do not exceed
920,0001. They have been erroneously stated to be very con-
siderably more ; ae much, in fact, as 1,300,0001.

MESSRS. THOMAS WILSON AND COMPANY.
At a meeting of the creditors of the firm of Thomas Wilson
and Co., held at their counting-house the sth of June, 1837,
Present,
I Alex. Conlon, Esq.
A. W.' Robarts, Esq.
Geo. C. Glyn, Esq.
Jones Loyd and Co.
Sathi. Gurney, Esq.
Henry Poacher, Esq.
Wm. Thompson, EEq.
Gidc..en Colquhoun, Esq.

John Cryder, Esq.
- Charles Mills, Esq.
Jno. Cockerel], Esq.
Thos. Barlow, Esq.
Joshua Bates, Esq.
Chris. Murrietta, Esq.
Jno. Irving, Esq.
Denis Samuel, Esq.
Wm. Kraentler, Esq.
Joshua Bates, Esq., in the Chair.
The statement of the concerns of the house was laid before
the meeting as submitted to the Bank on the Ist inst.
This statement had been ful'y and carefully investigated by
Mr. Bates and a Committee cf the Bank cf England, and
Mr. Bates stated to the meeting that in forming this state-
ment the parties had directed their attention to the property
of the house in existence, and capable to be realized.
The following resolutions were severally moved and unani-
mously adopted by the meeting.
" That it is the opinion of this meeting it v;ili be for the
interest of the creditors that the partners in the firm of Thos.
Wilson and Co. should proceed to realise the pr:Terty as
quickly as practicable, and that a payi-ocnt may be made to
the creditors at a very early period.
" That the bill-holders be recimmended to pro: cwt and pip-
test their bills in the usu-. 1 way, and to send out their protests,
and take such steps a> will secure their iccourse on other pt.r-
-t-iei to the hills, bat to retain their bills in this country for the
present until time is affirded to see v.-11...t will be pro-
duced by the presence of Mr. Meivil Wilson is the United
Status, and the measures inay be adopted there.
" That it is the opinion of this meeting that if time be
afforded, and !roper measures adopted in the liqui,.l4tion of
the concerns of the house--th-t there is ample property to
meet all claims on the house—and to leave a considerable
surplus.

‘• That, in opinion of this tmetinfy, the liquidation of
the concerns of the house should be contith.d to the partners,
under tie inspection of four of the creditors ; and that a pro-
per deed should he prepared for the signature of the creditors,
contai..ing the provisions usually introduced into deeds of a
similar nature.

That John Horsley Palmer, Esrt., Jol,bul Bates, Esq.,
Gc6rge Carr Glyu, Esq., and Julia Under,17.51., should iu
requested to become inspector,, and that in tl:e moan:ime
they undertake that duty, and zdrord their advice altd assist-
ance to the partners.
" That a copy of the statement submitted to the meeting
and of these resolutions be transmitted to the credit^rs, as far
as they are known, and to such parties in the cw.intry as are
likely to have the means Oh making the same :.-nov.n to the

That thl3 meeting zdjourn to Alon!.ay, the i h day of
June instant, when all parties having claims on the i:ouse are
earnestly requested to attcnO.."

" JO SIRTA BATES, Chairman."
STATEMENT MADE UP TO THE ISTH MAY, 1837.
THOMAS WILSON AND CO.

Bills payable in Jun^
Ditto July 158,800

Ditto AugUst to December