The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1840-12-01 00:00:00

LATEST INTaLIGL.

tiret FROM AMERICA

The following appeared in a Third Edition of the
STANDARD of Friday, published about an hour after
the arrival of the vessel :

We rejoice to find that our anticipations have proved
correct, and that the long and anxiously expected
steam-ship President has once more entered the Mer-
sey. In our early edition we endeavoured to allay the
the anxious fears which were so generally entertained
with respect to the safety of this noble vessel, and ex-
pressed our confident belief that she would soon reach
this port " all well." We have now to congratulate
the friends and relatives of those on board, as well as
the public generally, among whom unfounded alarms
had begun to spread, upon the removal of the cause of
those alarms.
The reason of the President's detention will be found
in the following memorial, which we copy from the
New York Daily Advertiser of the 10th instant :
__

Steam-ship President, Nov. 9, 1810.
We, the undersigned, passengers on board the steam-ship
President, from New York to Liverpool, feel it due to the
commander, Capt. Keane, to give publicity to the following
statement of facts, explanatory of the true cause of our re-
turning again to the port of our departure, before accom-

plishing our intended voyage.
On the morning after our leaving New York, Nov. 3d,
we encountered a severe head wind from the N.E., which
gradually increased to a hard gale, with a very heavy sea,
against which the ship was propelled by steam for four suc-
cessive days, without /baking a greater progress during the
whole of that time than about 300 miles on our way.
On Saturday, the 7th of November, Capt. Keane assem-
bled his passengers together, and communicated to them
that he had received a report from the engineer, stating that
there remained only fourteen days' consumption of coal on
board, and there being every prospect of a continuance of
the adverse gale for several days longer, he deemed it his
duty to make the fact known to his passengers without de-
lay.
He then frankly expressed his opinion that it would be
running too great a risk to proceed farther on the voyage un-
der such circumstances ; as 14 days was the shortest timein
which we could hope to reach England, if the adverse gale
should cease immediately, and we should be favoured with
fair winds and fine weather for the greater part of the way.
But as we could not safely reckon on this, our position
would be a very painful one, if, after exhausting our fourteen
days' supply of coal, we should then find ourselves approach-
ing the English coast, without any fuel on board. He thought
it his duty, therefore,for the interest of all concerned—both
owners and passengers—to return to New York while the
gale lasted, there to take in the requisite supply of coal, and
then resume the voyage. He wished, at the same time, by
submitting these facts and reasonings to the passengers, to
obtain an expression of their opinions on the subject.
On this a deliberative conversation followed among the
passengers, in which some difference of opinion appearing to
exist on minor points, it was thought best to take the deci-
sion of the whole body present on the main question ; and
accordingly their votes were taken—those who approved of
the return to New York, and who thought the reasons for
this step abundantly sufficient, being requested to answeriin
the affirmative, and those who thought a farther perseverance
preferable, to answer in the negative—when only two appear-
ed to embraced the latter view, out of at least sixty gentlemen
assembled on the occasion.
After this brief narrative of facts, we desire to state that
the good qualities of the President, as a sea-boat, were tested
and proved in the most satisfactory manner during the gale,
which she weathered in perfect security, without straining a
bolt or timber, and with less of motion or working in her
frame than is usually seen under similar circumstances.

Our confidence in her perfect safety was therefore never
once shaken or disturbed ; as no vessel could have sustained
herself better during such a gale as she encountered.
To Captain Keane and his officers, we also bear the willing
testimony of unreserved praise for their vigilant and inde-
fatigable attention to their duty throughout the whole of the
gale ; and we deem the conduct of the captain, in returning
to New York, for the reasons assigned, perfectly justifiable,
and worthy of all commendation, as best calculated to pro-
tect the lives and property committed to his care.
At the same time, we feel it due to the public and ourselves,
to express our unqualified disapprobation of the conduct of
those, with whom the responsibility lies, who cause the ship
to be sent to sea for a winter passage, with an inadequate
supply of fuel, and an equally manifest deficiency of hands in
the crew ; the more especially as no immediate depot of coal
has been formed at any place to which the ship could repair
in case of need.

(Signed)
J. S. Buckingham, London ; John A. Brown, Philadel-
phia ; Richard Alsop, Philadelphia ; Francis B. Og-
den, Liverpool; J. S. Campbell, Quebec; Edwin
Bartlett, New York ; S. Jaudon, London ; Joseph
Froste, Liverpool ; Wm. E. Lews, New York ; Wm.
Cochrane, London ; Ed. C. Richards, New York ;
George Atkinson, London ; Charles Kenwortliy, Eng-
land ; W. A. Thomas, London ; Wm. Geodate, Ha-
John Labron, England ; John George Dixon, Lon-
don ; George C. Thorburne, New York ; Francis
Watson, Ireland; John W. Cochrane, New York ;
Thomas Jackson, New York ; W. Barton, Sheffield,
England ; Edmund J. Stoutenburgh, New York ;
Joseph Fisher, Philadelphia ; Ld. Steenfadt, Ham-
burgh ; J. C. Ahles, Paris ; Geo. Ahles, New York ;
Robert Wightman, Toronto; John Russell, Stirling-
shire ; E. Le Gauster, New Orleans ; John Graham,
England ; John Robinson, New York ; A. G. Oakley,
New York ; Robert Kidney, Ireland ; John A. Aran-
burn, Cadiz ; J. Baumann, Switzerland ; Robert
Milne, Chicago ; Peter Clark, Perth ; Thomas Platt,
New York ; Samuel Charlesworth, England ; James
Watt, Dundee; Robert Winterbolton ; Charles Ru-
bands, England ; Henry Lees, England ; Henry Carle-
ton, New Orleans ; John P. Dulany. New Orleans ;
Richard H. Dulany, Virginia; Leicester S. Bucking.
ham, London ; J. Taylor, England ; John Arthur,
Major 93d Highlanders ; James Byrne, New York ;
Charles Bageley, Alexander Brown, R. D. Cullen, and
George Woodburn, England ; W. Coster, New York ;
A. Thompson, Toronto ; Joseph Guillard, jun., Geo.
Pearce, New York.

The following are the additional passengers who sailed in
the President on the 11th :—R. H. Montgomery, New York;
G. H. Thorburne, ditto ; Miss Jessie C. Thorburne, ditto ;
A. L. Fosch, Germany ; Robert Thos. Jackson, England ;
William Buckley; W. PL. Darnsmont, France. Total, 91.

The following is the explanation of the agents, which
we find in the same paper :

MESSRS. EniTons,:—the unexpected return of the steam-
ship President being occasioned, we are happy to say, from
no misfortune or damage to the ship or engines, but merely
from a deficiency of coal for the voyage, we beg to make the
present explanation of the facts.
It appears that the ship encountered most tremendous and
continuous gales from the eastward, during which she steam-
ed head on with unusual consumption of coals, until its du-
ration had caused such deficiency of the supply on board, as
rendered it expedient for Capt. Keane to return to this port.
The report of the engineer respecting the consumption of
coal was 23 to 26 tons per day. The quantity remaining on
board on her arrival from Liverpool was about 100 tons, in
addition to which she took on board in this port 624 chal-
drons, equal to GOO tons, making in all 700 tons, which al-
lowing the average consumption, agreeable to the engineer's
report, at 25 tons per diem, was sufficient for 28 days passage.
The necessity of returning for additional supply of coal, there-
fore, proves that the consumption was beyond the amount
reported by the engineer, on whom we rely for correct in-
formation as to the quantity of coal the ship may require.
The extreme severity of the gales will in part account for
the greater than usual consumption.
_ _

Another circumstance in tliis misfortune is, the disabled
state of the crew, in consequence of the succession of gales,
by which six were confined by illness and one died—thus ren-
dering the ship short-handed at a time when all were in re-
quisition. It should be observed that the shipwas despatched
from this port with the same complement of men as she had
from Liverpool, which the owners deemed sufficient.
The public may rest assured, that in future there shall be
no want of coal, as the necessary precautionary steps will
hereafter be taken, and an adequate supply of hands will be
furnished.

WADSWORTH & SMITH

New York, 9th November, i-846

It is prope'r here to mention that the consumption of coal
per day, since the ship sailed from this port, has been 35 to
40 tons.

The ship will sail on Wednesday morning at 10:o'clock
'precisely. W. & S.
The President has accomplished the voyage from
New York in fifteen days. She has brought 91 pas-
sengers.

The election of the President had not terminated when the
steamer left, but no doubt was entertained of the success of
General Harrison.
The following are the principal articles of news in
the files which we have received :
(From the New York Herald of Nov. 11.)
The President steamer sails again to-day at ten o'clock pre-
cisely. " Better luck this time, Jacob." She will now take
to Europe more important news—the election of a new Pre-
sident—than if she had not put back.

On the whole, it may be as well that things have turned out
as they have done. The money and business derangements
here, or on the other side, will be got over the best way pos-
sible—or if they are not—no matter. She will carry over
the first accounts of her own return. The return and deten-
tion will detain her eight :days, and for that time there will
be great anxiety in England.

But so well pleased are the passengers with the President,
as a comfortable sea-boat, that 'several have induced their
friends to take passage in her to-day. She has plenty of coal
now.

On this unhappy affair, some take occasion to speak of
Captain Keane and Captain Fayrer in a w•ay that neither
merit. The truth is the President is too large and too heavy
for her steam power. This is an error in the engineer de-
partment of the company. Let her engines be taken out on
her return, and larger ones put in. This is the only remedy.
Look at the Cunard line of steamers—mark their proportions.
Captain Keane is one of the most active and attentive men—
but he cannot perform physical impossibilities. None can
do that but we of the Herald.

MONEY MARKET, TUESDAY, Nov. 10.-6 P.Xl.—The
stock market has been heavy this morning. Sales were small
and most descriptions have declined. North American
Trust and Banking Company, fell off 1 per cent—United
States Bank, 1 per cent—Vicksburg, - per cent; Stonington
improved 1 per cent. Sales of bills on Philadelphia were
made at nto 3 discount. .Baltimore 11 to 1i discount—New
Orleans 2 to 24 discount..

There is still a good demand for specie for export. The
Burgundy. for Havre, carries out 330,000 dols. in specie ; but
the rates are nearly the same as at our last quotations, viz.—
Spanish Dollars, 1051 to 106 Mexican Dollars, 2to 21 pr.
Half Dollars, to 1 prm. Spanish Doubloons, 16.45
Quarter „ prm. Patriot ~ 15.80
There is but little doing in foreign bills. The rates are—
on London, 84 to 9 per cent prem., or 4.83 to 4.84 dols. the
pound sterling—on Paris, 5.124 to 5.10. At the south, there
is more enquiry for 60 day bills, and rates have improved.—
At Mobile, on the Ist inst. the rate on London was 9 to 10
per ct. prin., or 4.84 to 4.88 dols. the pound sterling. At New
Orleans sterling bills were plenty, and the demand freely
met at Bto IP, prem., or 4.80 to 4.82 dols. On France, bills
were scarce, and the rate 5.124 f. to 5.15 f.
In this market, money continues scarce. There is no pros-
pect of any immediate improvement, notwithstanding that the
elections have gone against the administration. The excite-
ment being over, people begin to consider our future pros-
pects soberly, and it is evident that a change of administra-
tion can have but very little influence, while the solvency or
insolvency of the South remains a matter of so much uncer
tainty. The return of the President at this critical juncture,
will have a bad effect on the affairs of the United States Bank,
as Mr. Jaudon has thereby been delayed at least 14 days, at
a time when the affairs of the Bank are fast reaching a crisis.
He cannot now expect to be in London before December Ist,
and as the Bank is to resume in January, but two weeks re-
mains for negotiations in a difficult market.
State Stocks in this market have been heavy at a down-
ward tendency since the arrival of the Acadia. A loan was
made by the State of New York, on the 7th instant, for the
Oneida River Improvement, to the amount of 25,000 dollars
five per cent. stock, redeemable in 1860, at 91 for each 100
dollars. The last loan previously made by the state, was
,_,3750,000 five per cent. stock, redeemable in 1858, at 91.
Titefollowing are qqotations of some of the stocks in this

PRICES OP STATE STOCKS.
Description. Rate. Redeemaiii; Price

0hi0...
Indiana
Illinois.

New York Canal

Delaware Bonds,
Maryland

STATE OF TRAM

There is apparently an increasing amount of business doing
as the excitement attendant on the elections die away. There
are very many dealers here from the west, and along the line
of the canals, taking advantage of the unusually fine weather,
to complete their stock of goods, and get their produce to
market before the setting in of winter. The conveyances on
the North River are, consequently, in full activity, and our
city dealers seem to have returned to business with more
confidence in the future, from the result of the elections.
CorroN—Maintains its quiet appearance. Prices have not
varied materially, but show a tendency to recede. At Boston,
the market has been very inactive. The arrivals of new cot-
ton have not been offered in the market. A few small parcels
New Orleans were sold at 111 a 12. In the southern ports
the influence of the recent warlike news upon the market
tends to check operations. The new crop, in most quarters,
continues to promise well. The fine weather which has ge-
nerally prevailed for the last few weeks, by facilitating the
most important operation of the planter, that of " picking
out," has materially increased the probabilities of a large
yield. The following were the quotations. Liverpool classi-
fication, at the latest dates :
New Orleans, Nov. 1. Mobile. Savannah. N. York
Ordinary 7a 74 7+ a7l 7a 71 64 a 7
Middling 8 a 84- 8a 84 8a 84 -
Middling fair 8* a 84 84 a 9-1 9 a 94
Fair 9 a 91 94 a 94 9/ a 94

74- a 8
Bta- 9
9-1 a 94
94 a 10
10-} a 101

Good fair 10 al4 10' aEA 9a 91

Good and fair 114