The Sun.
London, England, 1826-03-09 00:00:00

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shock has been also felt throughout France—
credit and confidence are shaken in every part of
Europe. In the United States, the catastrophe
has been universal in its operation on the mercan-
the part of the community, and the effect will
unquestionably be felt, even in our remotest Asiatic
possessions. The devastating effects of a con-
vulsion so universally felt, may justly lead to
the inference, that at this era Great Britain
must be considered as the central point--the
very focus of commerce—and consequently exer-
cising an influence, of which history furnishes no
example !

In the House of Commons last night, a genera

-feeling was expressed, that the assistance already
afforded by the Bank of England had produced

symptoms of reviving confidence. Opinion—ol

which confidence is mainly founded, may in
deed be excited by the expectation of sa
lutary relief by adiances from the Bank, bu
we have no idea that they have yet been a

any sufficient extent, and magnitude, to produce
74ffecting ex trication•• of the merchant or the
':,manufacturer. It appears by what fell from Mr.
ntattssort,that the applications from Manchester,
came under the consideration of the Bank Di-
rectors on Friday—those from Glasgow on

Saturday, and from Leeds and other places, a
the beginning of the present weelc. Relief ii

seems, has not, to far as is yet known, bee

required either by any eminent Merchants,
Speculators, or Bankers. Master manufacturer,,
holding unsaleable stocks, yet desirous of still

giving employment to the manufacturing popula

tion, have been the individuals to whom relie

has principally been afforded. Certainly, no class
of the community has stronger claims on the
country for assistance. We extract the follow-

log details of Continental distress, from the Ai

,ge►neine eAZeilung of the 2ci instant :

BERLIN, FEL 21.
Twenty stercnotile houses, among which are several of the
first rank, have fallen here since the end of last year. A general
consternation has arisen, by which, however, the evil is only

rendered worse. No house any longer. has any credit ; al

'Money lent Is called in,* and even the deposits in the savings
bank are eagerly withdrawn, though they are guaranteed by the
city. For the'firsttime we see Merchants deaponding, who had
hitherto- carried on a successful business. On our Exchange
-yesterday;the bonds of the public (Stauka achuldecheine) fell
• 'full 5 per .cent., as well as the English Loan; the first
were quoted at 00, the second at 90. 'We have not
'had so great a fall for these eight years,: and it was hardly
thought possible, as circumstances were, that there could be a
farther decline. These expectations were, however, painfully
disappointed on our Exchange to-day ; the bonds of the public
debt opened at 70, and at the close of the day were unialeable
at 78. The English loan fell- to 05, and bonds of the March
and trandenburg could not be sold at 73. Even the oblige.
tions of the Grand Duchy of Posen, which by the statutes are
secured in the most ample manner, 11:11 6 per cent. in these two
days, from 95 to 89. Vienna Metallique are indeed quoted to-
day in the prinled list at 05, but in fact they were at 82, and
the Bank Shares quoted at 720, could not be sold at 700.—
Every body enquires with astonishment what can be the
cause of so great a decline, and nobody can assign any sufil.,
tient reason. It cannot be the apprehension of a general war;
for if, contrary to all probability, peace should be interrupted,
a war, under present circumstances, would be partial, and of
short duration. The cause seems to lie not in political, but in
commercial relations. .The latter have been very different since
the restoration of the general peace of Europe kom what they were
in the preceding 2 5 years of war. This change of circumstances
at home, and our disadvantageous position with respect to other
.eountries, have led to the numerous bankruptcies which haVe
'destroyed all credit. Can private persons be blamed for calling
in their money, when the brothers Benecke have failed for
1400,000 Alollars ; Crellinger, forMerly firm contractor, for
1,100,000; and Reichenbaelt and Aleixner, for 3,000,000?
FRANKFORT, Fan. 24.
The examination of the affairs of the house of Crellinger, at
Berlin, affords no very promising result to the creditors, who it
appears are not likely to receive above 12 per cent. On the
other hand, it is affirmed that the house of iteichenbach
at Leipsig (whose branch establishments at Berlin and Alten-
burg have also stopped payment) proves that it is not actually
insolvent, but is only at present unable to meet the pressure of
circumstances. A Committee of the chief merchants and
bankers of Leipsig, has therefore been appointed to examine into
the state of Its affairs. Should the result prove satisfactory, the
house will resume its business, especially if it should prove true
that the Ring of Saxony himself is inclined to support it:
According to the latest accounts front Han:burgh, affairs seem
40 by settled there as well as can be expected in this general
crisis. There was no scarcity of money, and large remittances
of gold had even been made to London; for instance, a million
baneo by Steque and Co.
There is scarcely a house or estate in the North of Ger.
many on which there is not several mortgages: often ten or a'
dozen small sums (1001. or 2001.), each of which has a prior
claim to .those succeeding it. In case of a depreciation of
landed property, the mortgagees of the latter stuns take the
alatm,.and demand. the payment of their capital. If the owner
of the estate has not the money, and cannot find any other per-
son so advance it on the same security, he must sell the pro.
Petty in a certain time. Should it not fetch the sum fur which
it is mortgaged, the lowest on the list lose their money, nor
,have they any claim on the purchaser.

A Mail from Lisbon arrived in town this morn-
ing+ bringing Gazette, to the 28th of February. That of the
22d contains the answers of the Court of Rome, Copenhagen,
Stockholm, anti Vienna, to the official notification of the
lireath recognizing the independence of Brazil. The Gazette
of the 24th contains the answers of the Kings of Prance and
Sardinia to the same communication.
FEB. 25.—Ilichange on London, 621. •

An Express brings the Etoile of yesterday,
i 3 barre►► of political intelligence. From
Trieste tlic►e is a statement of a naval

rencontre between the Greeks and , Turka
but the manufacture of these articles. is so stale;
that they cannot now be deemed worthy of