The Sun.
London, England, 1857-11-06 00:00:00

A`:,IERICA.

SOUTHAMPTON, Nov. 5.
The United States steam-ship Vanderbilt, Capt.
Edward Higgins, arrived at Cowes this morning
from New York, which she left on the evening of
the 24th ult. Her departure was delayed for six
hours, expecting to bring the mails of the Collin's
s'eamer Atlantic, which had met with some trifling
accident, but she did not bring them. The Atlan-
tic was to leave for Liverpool on the 26th.
The Vanderbilt brings 183 passengers for South-
ampton and Havre, but has no specie. Her arrival
off Hurst was telegraphed at 9 a.m., but Ovasmall
steamer, with her passengers, die,, for this poet,
did not arrive here till after 2 p.m. The delay was
caused by the Vanderbilt touching the ground at
the Brambies as she was making Cowes, there being
a very dense fog at the time ; but she fortunately
got off again easily without sustaining any further
damage than three hours' detention, and has pro-
ceeded on to Havre. She has had very rough
weather during the voyage across the Atlantic.
The Jason, screw steamer, from Southampton,
arrived at New York on the 23d, having experienced
during the passage a series of heavy gales from the
westward, with a sea running the equal of which
had not been seen by the oldest seaman on board.
Despatches had reached Washington from Col.
Alexander, commanding the advance of the Utah
military expedition—the first received since the de-
tachment left Fort Leavenworth. Col. Alexander
and his command, consisting of eight companies of
the 10th Infantry, had marched a distance of 620
miles within the time allotted by the orders issued
by General Harney. The soldiers had enjoyed ex-
cellent health, and the loss of animals had been
but trifling.

The United States' surveying-ship Arctic, Com-
mander Berryman, arrived at New York on the
22d. Ske had been absent over three months,
making surveys along the coast of Newfoundland
connected with the Atlantic Telegraph scheme, and
deep sea soundings and thermumetrical observa-
tions in the Gulf Stream.

Inreference to the Ohio State election a despatch
from Cleveland of the 22d say 2 :
" The official returns from 72 counties have been re-
•ived. Chase's majority, official and reported, is 2,027.
The indications are that the Senate will stand 15 Re-
publicans to 18 Democrats ; and the House, Republicans
46, Democrats 57."

The New York Republican State Central Com-
mittee had issued an address to their friends urging,
them to instantly organize in support of the prin-
ciples and candidates of the Republican party.
From Washington a despatch informs us that the
President, bearing that ex-President Piece contem-
plated visiting Madeira for the benefit of his wife's
health, had, through the Secretary of the Navy,
tendered him a passage in the steamer Powhattan,
which was on the eve of leaving for the East Indies,
touching at Madeira.
The Liverpool packet-ship Jacob A. Westervelt
took fire in New York Harbour on the 23d iu her
cabin, and before the flames could be subdued she
was damaged to the amount of about 2,000 dots.
A meeting of the directors and shareholders of
the New York and Erie Railroad was held on the
22d in the lecture-room of the Mercantile Library,
for the purpose of raising subscriptions to relieve
the road from its present financial embarrassments.
About 400,000 dols. were subscribed, and a com-
mittee appointed to collect subscriptions.
A convention of delegates from New York coun-
try bank was held at Syracuse on the 22d. 0 wing
to the insufficiency of the notice eiven—the cir-
culars calling the meeting having 'been destroyed
by the burning of the mailbags on the Central Rail-
road a few days ago—there was but a thin at-
tendance, only 36 delegates being present, re-
presenting a capital of some 6,000,000 dols. Re-
solutions were adopted recommending the coun-
try banks to discount to the extent of their
ability, and to aid in bringing produce to the
seaboard; also appointing a special committee to
effect an association for the mutual protection and
interest of the banks, and to arrange a system of
redemption and exchange. Tha delegates expressed
themselves very freely with regard to the city
banks. The meeting stood adjourned, subject to
the 'call of the special committee.
Several large and extensively known houses in
New York had signified their willingness to receive
consignments of flour and grain from the West,
among whombesides Messrs. Spofford and Tileston,
we may mention Messrs. Grinnell, Minturn, and
Co., and others had been mentioned as willing to do
the same thing, and to pay freights and charges to
New York, with the view of aiding in the move-
ment of breadatuffe from the interior to the sea-
board, by which the present pressure might be
alleviated and exchanges equalised.
Commercial affairs continued in a very unsettled
and unsatisfactory state. The Aew York Herald
of the 24th, in its review of the previous day's
money market, says :
" This (the 23d) has been a very blue day in wall-street.
So far as the stock-market is concerned we see nothing

in the immediate future but depreciation arid disappoint--
talent. As for speculation, it is out of the question.
The bulls have a very gloomy aspect, end outside
holders of stocks who want money must make up their
minds to take lower prices. At the first board to-day
Virginian Sixes declined 2 per cent. ; Bank of America,
1 ; Cumberland Coal, ; Pacific Steamship Company,
2 ; New York Central Railroad, 14 ; Galena and Chi-
cago, 24 ; Reading, 1 ; Michigan Southern old, 11 ;
ditto preferred, 1 ; Panama, 14 ; Illinois Central Rail-
road, 1 ; Clevelan and Pittsburg, 2 ; Cleveland and
Toledo, 1 ; Chicago and Rock Island, 14. Illinois
Central bonds advanced 11 per cent. There is no life in
the market.
"At the second board the decline in prices was to
some extent upon a very limited amount of business.
Nearly all the transactions were for cash. Virginia State
Sixes fell off 6 per cent. • Erie bonds, 1871, 2 ; Pennsyl-
vania Coal, 4; New York Central Railroad, 3 ; llnd on
Railroad, 1 ; Michigan Southern preferred, 1.; Erie
Railroad, 4 ; Reading, 2 ; Panama, 2 ; Chicago and
Rock Island, 44 ; La Crosse and Milwankie, I. Stocks
are rapidly running back to the old level.
" The apprehensions in financial circles regarding the
course of the money-market and money matters gene-
rally ara as great now as at any time during the present
revulsion, and the panic is as wide-spread and as intense
as at any previous period. The next steamer from
Europe is looked for with the greatest anxiety. She will
not bring the worst by a great deal. Up to the date of
her departure they had received in England nothing
worse than the suspension of the Philadelphia and Balti-
more banks and a few heavy failures among the com-
mercial classes. When the news of the suspension of the
banks of the City of New York arrives in London there
will, beyond all doubt, be a panic equal to anything
realized on this side. The suspension of the Bank of
England and the Beak of France are events wo shaii
hot be surprised to see reported by any steamer tifer
that. We do not see hoer they can coating specie
payments in the face of an active demand for gold for
shipment to the United Sates. We understand that
a large amount of sterling bills of exchange • were re-
turned by the Europa. Bills drawn by the Pennsylvania
Bank in London were returned protested for non-
acceptance. They are supposed to have been mere kites
for speculative purposes. Bills drawn by Robb, Hallett,
and Co., in London, were also returned nos-accepted.
The return of these bills must create a great deal of diffi-
culty among houses here who remitted them to meet

maturing liabilities abroad. The acceptances in London
in antic'pation of remittances from this side to meet the
bills, have, of course, been made to an immense
amount ; and as no remittances have been made since
the revulsion here commenced, the position of houses in
London must be reo.;ered very precarious.
"The assistant-treasurer reports to-day as follows :
Total receipts $102,597 94
Total payments ... ... 140,997 06
Total balance ... 5,910,106 52
Of the receipts to-day $41,000 was on account of duties.
" The total number of failures officially reported
since the let of August is about 900. It is estimated
that the total liabilities of these suspensions will amount
to full 90,000,000 dole. It will be seen by this that
there is plenty of food for a general bankrupt law.
During the whole of the revulsion in 1837 the number of
failures reported in this city was about 500 ; but the re
turns under the bankrupt law, in 1841, showed that
5,000 took the benefit of that act, showing liabilities
amounting to about 50,000,000 dole.
"The announcement of the suspension of Robb,
llal-
lett, and Co. this morning created some surprise. TIII4
is a branch of a house of the same name in New Orleans.
The bank of James Robb, of New Orleans, .s a
company, and therefore a separate cemeern.wsbeTh
.esuhnoud.ssed
.
of Talleut and Wilde, of San Francisco,
we
believe,
in
some years since by Mr. Robb, buts here, except in their
it i
no way connected with the houses
ae w
exchange operations, which
perly protected. Messrs. Robb, e ,
He understand,lliltt an
andCo b.
e h pa
r
Hallett,
th •
a branch house in London, and they have done a very
large foreign exchange business. Agd many of eir
bills, it is reported, came back by the.. Europa.
" The Lebanon Valley Railroad Company has been
obliged to suspend its work near Aarrisburg, and SR)
labourers are discharged from its unfinished sections.
" Tne work upon the whole line of the Auburn and
Allentown Railroad was etJpped last Wednesday, owing
to the suspension of Messrs. Choteau, Saniford aa,-; co.
All tne workmen have been discharged.
" The steamship Persia, from Liverpool, is about due
at this port, with seven days' later intelligence from
Europe. Her arrival is anxiously looked for. We
have an doubt the advices she will bring will be of the
most unfavourable character. The full force of our
financial revulsion will be known in London before
her departure, and the effect will have shown itself
in the money-market. The difficulties and embarratio-
rnonts of the Bank of England have doubtless, been
severely augmented by the disasZxous intelligenct:
taken out from this country, and we may look for
most gloomy accounts, The bankruptcy of our large
railroad eotnpanies must be unfavourable intelligence to
a ;arge 1;oc1,y ofEuropean c.pita!it.:3, 1 :10k t.O those .10Ust,
C..—:ticsCOd with the fir:J.l,o,-;; of these
newe will be of the most startling importance. The '
Anglo-American banking houses of London will be the
most serious sufferers by the collapse in our railroad
credits. Several of them must be very deeply involved,

n ♦hair wari;inia