The Sun.
London, England, 1826-03-11 00:00:00

T 1 Jl4-1, SUN.

SOLE.II QUis DICERE FALS(I3,I AUDE4T?

LONDON,
S.ITURD•AY EVEXING, iIIARCH 11, 1826.

The Altgemeinc Zeitung of the 441 March, re-
ceived this day, brings distressing accounts of the
commercial embarrassments which it has been
our reluctant duty, for some time past, to re-
cord. The distress in England has spread itself
through the Continent, and Germany is now ex-
periencing numerous melancholy failures, as
will be seen by a perusal of the subjoined
extracts. The house of Heitz (the chief part.
tier of which is related to Mr. C. IloTnscutr.n,
and whose daughter was betrothed to M. GOLD-
smtcnor, of London) has suspeude4 payment.
The recital of the conduct of Mr. llan a on this
occasion will be read with interest, as furnish-
ing a bright example of mercantile integrity,
and highly honourable feeling. The Governments
abroad are taking measures to afford such relief

to commercial interests as they can, by re-
ceiving bullion and foreign coin, not le ,ally
current, in deposit, and this has to a certain ex-
tent lightened the extremity of the pressure, und
produced so far, some beneficial consequences :--
FIIANKEORT, FEB. 24.

The great and general commercial crisis, which has affected
the principal places in Europe, natiir,illy had soma influence
here, thOugh, on the whole, the result has tended to confirm the
solid credit of our great homes, and of our city in general ;
even the fall of the French Funds, and the great bankruptcies at
Berlin and Leipsic, bad not materially affected our Merchants.
But the failure of the house of Goldschtuidt seems to have been
a severe blow. The great house of Herz (the chief partner of
which is father-in-law to M. Charles Rothschild, and one of
whose daughters was betrothed to M. Coldschmidt in LOndon)
was obliged by that failure to suspend his payment's for a time.
The general esteem and great credit which the house enjoyed
increased the consternation which its fall must, In every:case,
have excited. The chief partner acted on this occasion, as a
very decided and honourable man.
On the same day that the news of the failure of Goldschmidt
arrived, he was to give a grand dinner, to which the whole of
the diplomatic body, the most eminent merchants, and several
members of the Senate, were invited, instead of taking advantage
of this favourable opportunity (as has been done in other cases) to
implicate others in his fall, he immediately countermanded the
dinner, discharged his servants, between 30 and 40 In number,
sold his carriages and horses, and, with the jewels of his wife and
daughters, and other effects of great value, hastened to
M. Rothschild. The latter, inconsequence of the negociations
entered into with him, afterwards declared that he would ho-
nour all bills on the house of Herz. Though the bankruptcy
of that house is therefore to be considered as not having abso-
luLly taken place, several houses have since stopped payment,
but all our great merchants have perfectly maintained their
ground.

IlEurax, FE n. 25.

The occurrences on our Exchange, in the course of last
month, were the prelude to a far greater calamity, which,
especially at the beginning of this week, assumed a very
threatening appearance. The preceding misfortunes were indi-
vidual, and the inevitable consequences of slight variations in
the funds, and in the credit of the persons themselves. But
the evil latterly attained' to such a height, that the most
solid property was in danger, and the best houses shaken.—
The fall of a Leipsig house, whose establishment here two
years ago gave the signal for the promising amelioration
in the funds which took place at that time, was the chief
cause of sltewitig us an image of the panic terror, of
which all the mercantile letters' from England are full. Soon
afterwards come accounts of the danger, and lastly, of the
failure of the house of B. A. goldschmldt, which added greatly
to the consternation of our merchants, till the accounts from
London of the 17th, and the satisfactory appearance, of the
Ilantburgh Exchange afforded some relief. Since yesterday a
considerable improvement has taken place, especially in the
Prussian Funds. Some hundred thousand dollars, employed
in a liberal manner, so that it looked like a government men,
sure, in the purchase of Prussian paper currency, produced a
rise from 3 to 4 per cent., and there is every reason to hope that
the improvement will not'be for merely a moment.
PHANEPORT, Fen. 27.

The embarrassments of our merchants in consequence oftho
eommercial :;hock, are, it is true, not wholly recovered, but the
measure adopted by the Government in conformity with the
wishes of the tnerchants, promises to rovent any farther Cates.
trophe, so that Frankfort, will, perhaps, remain as an honour-'
able exception among the great commercial cities st this 'event.