The Sun.
London, England, 1853-03-21 00:00:00

THE UN Ef' ,;D STATES.

(BY ELECTRIC TELEGRAPH.)

LIVERPOOL, MARCH 21.
By the Arabia, which arrived in Liverpool at
six o'clock this morning, we have dates from New
York to the 9th March.
The Senate has confirmed the new Cabinet :
Governor Marcy, State ; Mr. Guthrie, Treasury ;
Mr. M'Clelland, Interior ; Mr. Davis, War ; Mr.
Dobbin, Navy ; Mr. Campbell, Postmaster ; Mr.
Cushing, Attorney-General. Their affirmation of
the Monroe doctrine in the President's inaugural
address excites much remark and some apprehen-
sion of difficulty.

The International Copyright Treaty is before
the Senate..

Senator Clayton has called for papers relating to
the Clayton and Bulwer Treaty, Honduras, &c.
The United States ship Vandalice has sailed on
the Japan expedition.
The people of Nicaragua have threatened to de-
stroy an American steamer because she monopolises
the transit trade.

Eight emigrants have been killed in a railroad
collision near Lewistown.
A terrible fire has occurred at New Orleans,
-which destroyed cotton worth $BOO,OOO. Several
negroes perished.

The Baltic arrived on the 6th.
Tampico has pronounced in favour of the return
of Santa Anna to Mexico.

The Arabia brought 56 passengers, and $215,000,
200,000 of which were for Havre.

MARKETS.

Money is certainly tighter and higher—say from
8 to 9 per cent., owing to a kind of quasi-panic,
arising out of the miscalculation and imprudence
of one or two banks ; stocks are therefore agitated
and declining. The bank that chiefly made the
difficulty has been aided.

Sterling Exchange flat, at 109 i to 110. Stocks
rather declining. •
Cotton quite dull, holders not pressing on the
market.; sales small. Average of middling 110.
Flour has dropped 12c., owing rto the Baltic's
news,—and very heavy. No other change.
Freights dull and low.

Cotton feverish at New Orleans. Middling,
81-e. to 81e.

BANKRUPTCY COURT-(THIS DAY.)

(Before Mr. Commissioner Holroyd.)

IN BE GIBSON. -THE ST. ALBAN'S BANK.:--IMPORTANT
JUDGMENT AS TO PROTECTION AFTER REFUSAL OF CER-

TIFICATE.

His Honour this day delivered judgment on the very
important question whether the Court had power to
grant protection after the certificate had been wholly re-
fused. This bankrupt, it will be remembered—the ar-
guments having been recently published—had carried on
business as an attorney and a banker at St. Alban's, in
partnership with a person named Sturt, who was also
made bankrupt. The present judgment was given on an
application, by way of petition, for his Honour to grant
protection, or to recal or reverse the certificate. _ _

His Hohcur said that he had most carefully considered
the different clauses of the Bankruptcy Law Consolida-
tion Act bearing on the point, and could only come to the
conclusion that he could not nor ought not to grant the
application. His Honour referred to the 112th, 162 d,
196th, 207th, 257th, and 259th clauses—but more par-
ticularly to. the 257th section, and the cases of Cowgill,
16, 2 8., 246, and Stanton, 1 bankruptcy, rep. 7. His
Honour said that the bankrupt had gone over to
Boulogne, out of the jurisdiction of this Court, and still
remained there, consequently he had avoided the clause
which had been inserted for the purpose of punishment ;
it would be most mischievous to grant protection in such
a case, and he was also bound to say that the petition
must be dismissed with coati.
Petition dismissed accordingly. -