The Sun.
London, England, 1847-10-19 00:00:00

SUSPENSION OF THE LIVERPOOL
ROYAL BANK.
(From the Times.)
We have received the following important dis-
patch:—

LIVERPOOL, MONDAY.

We regret to announce to you the suspension of
payments by the Royal Bank of Liverpool this day.
A deputation of the directory is now in the me-
tropolis, with the view to obtain assistance, and if
happily it succeeds, the establishment will resume
operations.

The suspension results from the absence of notes
and specie with which to perform the ordinary busi-
ness of the bank ; an evil resulting in part from the
universal contraction of the currency, and specially
also from the excitement created by the recent forced
sales of the Bank Stock for cash, at a very low figure,
referred to in the public journals. A run upon the
resources of the bank followed the statement of the
fall in its stock.
The Royal Bank of Liverpool is a joint-stock es-
tablishment, and was first opened in January, 1839.
Prom the commercial article of the Albion of this
morning we make the following extract with regard
to the state of commercial affairs in Liverpool :

SATURDAY EVENING.
We have witnessed this week the severest pressure
that has yet been felt during the present monetary
crisis, the commercial markets and the Stock Ex-
change being simultaneously acted upon by pressing
demands for money ; the former chiefly from the large
amount of bills falling due within the next two days,
and the latter from the settlement of a heavy " Bull"
account in Consols, and the repayment to the Bank of
loans upon stock. The immediate cause of the pres-
sure is, therefore, passing away, the Consol account
having been settled, the loans repaid, and the bulk
Of the bills retired, so that should no further sus-
pensions be reported within the next three days,
" the darkest hour that precedes the dawn" will,
in all probability, be past, for every day re-
duces the amount of bills payable, which by de- ,
creasing the demands for cash, is tantamount to an
increased circulation. We regret to state that several
failures have occurred in Liverpool during the week,
al though it is gratifying to add that the aggregate
amount of the liabilities is not heavy. The parties
are Matthew Steele and Son, soap manufacturers ;
Mocatta and Son, and Samuel and J. L. Mocatta,
West India merchants; William Pearce, commission
agent ; Brown, Tod, and Co., provision dealers ; P.
Cornthwaite, wholesale grocer ; and A. Mitchell and
Co., American merchants, besides several share-
brokers and stockjobbers.
Since the publication of the above we have received
the following communication from our Liverpool
correspondents :

LIVERPOOL, MONDAY.
This morning we advised you of the suspension of
payments by the Royal Bank of Liverpool ; and since
the dispatch of our letter we have witnessed the con•
sequences resulting from it upon public credit.
The announcement excites the most gloomy appre-
hensions in commercial circles, and among the
general public: Such an event was totally unex-
Peeted,aud“the consequence was, that on some of the
locaj,hanks a run set in shortly after the opening
hours of business. Happily this has not, so far at
least, proceeded to any dangerous extent, and we are
assured that not only are several of the local estab-
lishments fully prepared to meet any demands
which may be made upon them, but that, moreover,
with regard to the establishments not included In
this satisfactory affirmation, there is no reason to
doubt their capacity to hold on through this fright-
ful storm. Nor is this the only statement of a
character calculated to relieve the apprehensions of
the public ; for we are also informed that not only
were the mass of bills which fell due on Saturday
provided for most satisfactorily, but also that such
likewise is the case with regard to those arriving at
maturity to-day.
In a state of affairs such as we now witness, the
'Change-square is covered with knots of commercial
men, anxiously discussing the causes which origi-
nated and the results which may follow this embar-
rassing suspension. Everything wears the gloomiest
aspect ; and rumours of wide impending difficulties,
Which needlessly add to the panic, are afloat. The
position of affairs, it is reported, was fully known to
the ex-Premier during his late visit to this town.
We annex the official circular issued by the bank
directors :

" OFFICIAL CIRCULAR.

" The directors of the Royal Bank of Liverpool
regret to have to announce, that owing to the extra-
ordinary pressure of the times, they conceive it to be
the interest of all concerned to suspend the opera-
tions of the bank until the result of the proceedings
of a deputation now in London has been ascertained,
which will be immediately announced.
"Monday, 18th October, 1847."
We have also received the following from our
Liverpool correspondents :

•
MONDAY, P.M.
Mr. William Brown, M.P. for South Lancashire,
and Mr. Cardwell, M.P. for Liverpool, who were to
proceed with a deputation from the American
Chamber of Commerce at that port to seek an in-
terview with Lord John Russell on the present money
pressure, were expected to leave Liverpool to-night,
the appointment with the Premier having been made
for to-Morrow. The American Chamber of Com-
nle,,esee 'sought the co-operation of the East India and
China Association. A special meeting of that body
'Was called on Saturday, and, after much discussion,
adjourned till Monday. The importance of the sub-
ject, however, induced the committee to hold
another meeting on Saturday evening, at which
it Was decided that this board would not
associate themselves with the American Cham-
ber in the present movement. This, we un-
derstand, arose not from any disinclination to
add the influence of the East India and China Asso-
ciation to that of the American Chamber, but from
difference of opinion as to the probable effect of
the measures of relief which the latter body chose to
request. Indeed, we are informed that the several
commercial associations of the town have had several
meetings in the course of the past week, and, though
it is probable that the individual members of all feel
the pinch of the times, though assuredly all are agreed
as to the absolute necessity for some relief, yet un-
fortunately they all differ respecting the mode in
Which it should be administered, and the consequence
has been much conference, much variety of opinion,
but no prospect of united action.

DESTRUCTIVE FIRE AT fIoaTON. Yesterday
Morning, between the hours of six and seven, a very
alarming fire broke out upon the extensive premises be-
longing to Messrs. W. Lawrence and Sons, carpenters
and builders, carrying on business in Pitfield-street,
Hoxton Old Town. The flames originated in a two-
floored building, termed the glazier's workshop, at which
time the place was filled with sashes and other mate-
rials. Such was the progress of the flames that before
the workmen on the premises could be summoned
together the entire building was in a blaze. In spite of
the exertions of the firemen the flames could not be ex-
tinguished until the workshops in which they originated
were totally destroyed. The fire, it is understood, was
occasioned by an escape of gas. Fortunately the im-
mense piles of timber in the yard, and the other manu-
facturing premises, escaped from receiving any damage.
The loss, which is considerable, will be covered by an
insurance in the West of England office.
CORONER'S INQUEST—SUSPICIOUS DEATH.—YeS-
terday an inquest, adjourned from Thursday last, was
resumed before Mr. Baker, at the Cape of Good Hope,
Limehouse, on view of the body of Mrs. Louisa Brown,
a married woman, who died during a premature ac-
couchement. It appeared that the deceased, with her
husband, who was formerly in the medical profession,
but who now practised as an accountant, lived opposite
Limehouse Church, where they removed about five
months ago from Walworth. Last Tuesday Mr. Cum-
ming, surgeon, was called upon by Mr. Brown, who
stated to him that the deceased had recently died. Mr.
Cumming, on being informed of the symptoms connected
with her death, was of opinion that it was from inflam-
lnation, but he wished to have a post mortem examination.
The Coroner, on being applied to, issued his order for
the -examination ; upon which Mr. Cumming discovered
traces of inflammation and ulceration of the stomach,
Which exhibited such appearances that, at the previous
inquest, he asked for an adjournment, in order that the
ecnitelits of the stomach might be analysed. Yesterday
Dr. Letheby, the chemical lecturer, said that he had dis-
covered traces of the existence of arsenic, but he had not
completed the analysis, and he wished for further time,
in order to submit the contents to stronger test. De
ceased, it was stated, had two pills given her previous
to her death, she being five months enciente, after which
she was seized with a severe sickness. The inquiry
was adjourned till Wednesday next.
RACOONS AT DOLGELLEY.—A few days since three
strange looking animals were seen in the meadows below
the village of Llanelltyd, near this town. One of them
wcaught by Mr. Evan Williams, Hafod-y-marfa, and
taken to Sir R. W. Vaughan's, Hengwrit, where on in-
'Pe c tion and examination it proved to be a racoon. The
two others have not since been seen, nor can it be sur-
-13211e d where they came from. It is supposed they landed
'ma wreck.—Carnarvon Herald.