The Sun.
London, England, 1857-11-14 00:00:00

THE CRISIS.

MANCHESTER•, Nov. 13.
What effect the virtual suspension of the Bank
Charter Act may have on trade here it is too early
yet to predicate, but it has calmed public feeling
on commerical matters considerably to-day, and we
have had a m ,re cheerful and hopeful feeling in
the maiktt, leading spinners in seine instances to
put up their prices a little. It has not given. con-
fidence to buyers, however, and both spinners and
manufacturers compelled to realise have had to
make further concessions. Where sales have baen
effected they have been made at rates below those
of last week a good deal, and shillings may be
quoted ls. to ls. 3d. per piece below the rates pre-
vailing a month ago. Even with these exceptional
instances, business has been on an exceedingly
small scale. The suspension of a house in „the
American trade here is mentioned, and the particu-
lars will probably be before the public soon.

BRISTOL, Nov. 13.
The intelligence that Government had authorised
the Bank of England to extend its issue of notes
upon securities was communicated on Thursday
afteruo la to the President of the Commercial-
rooms! by Mr. Joshua Saunders, manager of the
Bristol branch Bank of Ecgiand. The information
was at once posted on the reading stands, and
spread through the city with electric rapidity.
The gloom which had been caused among commer-
cial classes by the disastrous advices of the morning
was at once dispelled, and the general feeling was
that the right step bad been taken at the right
time for preventing the ruinous consequences of a
monetary panic. The intention of Lord Palmer-
ston immediately to convene Parliament to sanction
the course which be had adopted (announced in
The Sun of yesterday) has also been received with
extreme satisfaction. The change in the aspect of
commercial matters hers within the last 24 hours
is very gratifying.
EDINBURGH, THURSDAY EvEriarra.

This morning the banks were again visited with
heavy demands for gold; but the panic had already
shown symptoms of considerable abatement when
in the afternoon an announcement was issued by
the Lord Provost to the effect that, at an interview
between his Lordship and the managers and direc-
tors of the various banks, they had agreed to ac-
cept the notes of both the Western and City of
Glasgow Banks ,whenever offered in the ordinary
course of business. This gratifying and reassuring
intimation had of course the effect of restoring full
value to the notes in circulation, and as arrange-
ments are said to be in progress to retire the notes
of the Western Bank, and to resume payment by
the City of Glasgow, there seems every reason for
hoping that the crisis, so far as regards the currency
of banknotes, is at an end.
(From the Caledonian Mercury.)

On Wednesday night a deputation from the
Chartered banks left the 'city for London, with
4,000,000 of securities, with the determination, if
the Bank Act should not be suspended, to go to the
Bank of England and demand gold to that amount.
On the same evening, according to a message re-
ceived in Glasgow, the Governor of the Bank of
England had an interview with Lord Pahnerston.
Whether the effect was produced by either or both
of these circumstances, we are unable to say, but
we have since learned that the Bank Charter Act
has been suspended.
The City of Glasgow Bank officials are making up
a financial statement, which, if it prove satisfactory,
will lead to this establishment's opening on Mon-
day.

Altogether things are now in a much better state
.han during the previous part of the week, and we
trust they will continue to improve.

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CANTERBURY HALL, Westminster-road.—
OPEN EVERY EVENING.—The follow-
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Selections from all the popular OPERAS, MADRIGALS,
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