The Sun.
London, England, 1838-05-23 00:00:00

lir TT A 'Tr
a.ll. •

THE GREAT WESTERN
STEAM-SHIP.

(FROM OUR EXPRESS EDITION.)
KING-ROAD, BRISTOL, MAY 22,
HALF-PAST EI,EvEN O'CLOCK A.M.
The Great Western came to anchor here at ten Ini.
flutes before eleven o'clock. She left New York on the
7th inst., at half-past two o'clock, having had to en'
counter contrary winds, except for about six da-:s ()flair
weather. She has on board 51 passengers, who are
well and in excellent spirits. Her arrival was an
flounced by the firing of guns ; and when she came to
anchor, the band on board struck up, in admirable
style, " Old England for ever I" This splendid ship'
which carries four masts, and was looking fresh as
when launched, had floating at her foremast the
American ensign ; from the second a streamer,
from
her " Great Western Steam Ship" on it ; In
and, fr
her fourth mast, the English ensign. The Cambriaii
steamer was waiting alongside, to convey the passel)"
gers up the river. The arrangements made for this
purpose, and also on board, were most complete.
Captain Hoskins announced to the Passengers that it
had been arranged that they should be lauded at
through
Ronwhan, without the delay of passing throt,
: 1
the Custom-house, which announcement was recet
with cheers. The Great Western left New York a
half-past two o'clock, on Monday, the 7th instant,
and spoke the Comm, of Bristol, for New York, at
half-past 11 A.M., on the 9th. On the 10th MIY.
the Great Western spoke the ship Howard, 0f
Greenock, bound to St. Petersburgh. The Sirius jell
New York on the Ist, and reached Falmouth on the
19th—eighteen days' sail. The Great Western has
made the voyage to King-road, being 140 miles
greater distance, in fifteen days.
At :., late hour this evening we received from out
Correspondent at Bristol, a file of American papers'
to the 7th inst., arrived by the Great Western, from
which the following are extracts :
NEW YORK MONEY MARKET.
WALL-STREET, MAY 6.—The weather has been so veryf
stormy to-day as to retard all out-door business. The stt°Te
stocks at the Board was uncommonly small. The w% j,
amount sold was only 1,139 shares. United States r34%vi,
went for 116; Delaware and Hudson Canal, 72; Ni°l'3
R. Road, 59; Harlem, ditto, 58; Str,nington ditto, 351'
TREASURY NOTES.—None offered. Specie continues the
same as through the week, and nothing doing.
BANK DIVIDENDS.—We published the dividends 0e tee°
, t- b' iranks
Banks in a table on Friday, since which the following 13 ~1
have t'eclared, and we publish them together with the tots
amounts from Friday's paper.
f Ed
Capital. per cent. AMC:Milt°
Thii teen Banks 12,271,200 8 1 023,720
Layfayette Bank, 50,000 8 40,000 ,
National Bank 750,000 8 60,000
Butchers and Drovers 500,000......8...... 40,000 ,
Greenwich Bank 200,000 8 16,000
..---------
-------.
~ndol
14,921,200 dol. 1,179,7=.- 0
The State Bank at Albany has declared a dividend Of
ik.
per cent., payable on the 16th, and the Cayuga Country 13ar •
a dividend of 8 per cent., payable on the 22d.
A Convention of the Western Banks was held at Aribur.
on the 25th ult., J. H. Beach, Esq., of Auburn, presidin:
and William V. J. Mercer, of Waterloo, acting as Secretary,'
It was very numerously attended, and resulted in a del
mination to co-operate with the city of New York in an earl t
resumption of specie payments, and to maintain the cree.lL
t.
New York safety fund notes. A Committee to proceed t'
New York and to assure the city banks of this determ
was appointed, consisting of Messrs. H. Dwight, Beach,
Oliver, W. B. Wells, J. Magee, A. St. John, J. H.
h
and L. Jones. This Committee meet in this city on the "` .
instant.
held a
A numerous and highly respectable meeting was , i
Fort Plain on the 28th ult., at which a resolution declarlitt
expedient to organize without delay a Banking Associatwo.
that village, with a capital of 200,000 dollars, was aceeP -of
A Committee of five was appointed to promote the object
the meeting. „
As the rumour has gone abroad that Biddle's Great Reg"
pre-
lator would resume specie payments on the 15th of the
sent month, we think it well to publish the following, to silos',
his condition on the Ist of April : Dollars.
He had in specie
His liabilities were—Due State Banks
Private deposits
New notes
Circulation Post notes
inattum:.
Resurrection notes
From this statement there can be but on,‘a conclusion
drawn, and this is, that Nicholas Biddle is who:ly unable to'
resume.
PHILADELPHIA BANKS.—The Commercial Herald of phi'.
ladelphia states that a convention of Delegates of the Phila-
delphia Banks were held on Wednesday evening, for ti:e",
purpose of determining the period when it will be practicable
for them to resume specie payments. A Committee was ap-
pointed to report on the matter. It seems that the meetleX
last Monday of the citizens generally, came to a resolution,
as the deliberate opinion of the meeting, that nothing but the
influence of the United States Bank, exercised over the other '
banks, prevents them from redeeming their promises to PaY"
A Committee of eight was appointed to get the banks to say
at what time they intended to resume and the causes whie
retarded the resumption.
MICHIGAN—By the terms of the suspension law, which ex-
pires on the 16th inst., the banks of Michigan must, en that
day, resume specie payments, or incur a forfeiture of r"ek,-
charter. In alluding to this subject, the editor of the Billla -
Commercial thus expresses himself:—
We have advices from New Orleans to the 28th ult. They .i,
state—
e e
n"t
s.,
but Dollars haveth er e
ia advancednn g
relatP
per cent afonrd
cdiothuebrl. u
oons
.12s.
Bank Notes are no 5 w as' 4 per cent., which is an advance
over the rates of last week 1 ph
same, er cent. Alabama money re-
mains ave
mains the
14a 15 per cent. els. Treasury notes ,
advanced to 7 a 71 per cent. prem., and have become sCBre;ti
Mississippi money remains about the same as last week, say .
:
a 35 per cent. dis.—This circumstance appears most .ext!--A5
ordinary when we take into consideration that MississiPPibis •
the largest cotton growing state in the Union, and when der
article is at the present time substituted for specie, in °,'
to equalize Exchanges between this country and Eurr,pe: of
MISSISSIPPI BANKS.-The patience of the
good people at
the neighbouring State, seems to have 3Jeen worn eutd.
length, in consequence of the impolitic course
Pursued by -,ye
Banks, and loud and bitter complaints are
hoard on cv„,- .'
hand, charging the banks with a wilful depreciation of their
Aown paper, with the view of buying it in
at low rates, 'nit '
other delinquencies of a"serious and flagitious character. t
meeting was held on the-19th instant, at Vieksbur -- the Object
of which was to express popular feeling in relatioti'to the "ie; •
preciation of bank paper, and the course pursued by the
banks. The resolutions are drawn up in strong langtia'' imperatively calling upon the banks for an exposition of their
affairs, and the causes which have brought on the deteriorati°
of their paper. It is expected that similar meetings will 1),-;•°
held in other parts of the State, The state of public fall°,
is represented as uneasy and excited, and no doubt a rigorlg
scrutiny will be instituted into the manag,,tment of the ba" ..
ing institutions.
The position of these banks is
peculiar. The chart, I- ,al
banks have been managed with as much ability and lionestY::
any banks in the country; they are in as good condition as the
Ohio Banks, but they cannot resume without running
,„
greatest hazard of being forced to suspend the second tia'
The trouble is that Michigan has no surplus products, the
ba-
lance of trade is continually and heavily against her. i her
Ohio, on the contrary, has a large surplus. The bills °'
banks, although in fact they may not be a whit better t'l:
i'l° .
those of Michigan, will purchase pork, wheat, flour, `Y.II
which sent to
New York or any other easteen market, A"uld
command cash. This fact gives Ohio Bills currencY' - a
at keeps them up nearly to while
par, Michigan notes are old
discount of from 12 to 15 per cent. The Ohio banks e° to
resume without danger, because balances arse ~,
due that
ta
from every quarter.
ve
Judging by the tone of the leading Michigan paPers'„.i I
should think an effort is about to be made to call a aPie-1:1
meeting of the Legislature, in order to devise
7some mos
giving effectual support to the banks. _ .

-.
including,eno 0 1
dates
lb:. I':
b. i 19
Three packet ships have arrived to-day,
United States, from Liverpool, which brings factors
to April 9. Business in Europe was improvin and the
L ui%N
were expecting large orders for fall goods frogm' this country..
The papers were speculating as to the result of the steam
navigation between the two countries. The political new 9 15
of no importance.

Sales at the Stock Exchange, May 5-
50 shares United States Bank
50 do do do
50 do do do
50 do do do
100 do do do
20 do Phenix Bank
50 do Butchers and Drovers Bank
25 do Commercial Bank
25 do Delaware and Hudson Canal cash
20 do do do do
50 do do do do
250 do do do do
60 do American Trust Co Balt
50 do do do do
10 do New York Ins Co
50 do North American Ins Co
45 do Mohawk Rail Road
100 do Harlem Rail Road
25 do do do
25 do do do
100 do New Jersey Rail Road
26 do do do
10 do Stonnington Raid Road

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