The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-06-17 00:00:00

LIST OF PASSENGERS BY THE ACADIA

FROM BOSTON.—Rev. H. Gasset, Geo. W. Allen, Mr.
and Mrs. Sampson, J. Lawton, E. F. Newhall, L.J.Wyeth,
James Gibsean, Hermon Hagedon, Fred. Browne, Charles
F. Will, J. M`Marich, Alex. Wood, Mrs. Davidson, F. W.
Coolidge, E. Lyman, W. S. Jones, —. Scotland, Mrs. M.
Smith, Alex. Crawford, Chas. Barnes, Robt. Morris, Jas.
Robertson, Wm. Whitewright, J. F. Bigge, Alfred Cossel,
Julian Varques, Viscount Cranbourne, J. B. Hyde, Mr.
Faithful and servant, Captain Galt.
FROM HALIFAX.—Mrs. Smith and child, Capt. Thorns,
J. Fraser.

NEW YORK MONEY MARKET.
At the date of the last mail from New York, the money
market was quite easy. Money in fact was quite abundant,
because nobody knew how to employ it, and could be readily
had for all business purposes, if any such were offering, at
very favourable rates on good securities. Paper of the first
class was scarce, and inferior unsaleable at anything like
current rates of interest. Foreign Exchange was plentiful,
and not in demand. On London the rate was 7% to 8 ; and
some good bills not indorsed here were offered at lower rates.
Domestic Exchange slowly but steadily improving as the re-
sumption of specie payments are fast becoming imperative
in all parts of the union.
The Secretary of the Treasury has succeeded in raising in
New York about two millions of dollars of the three million
and a-half advertised for. The stock, it is known, was sold
under par, and probably with some agreement that the go-
vernment should not appear again in the market before July
or September, as it now finds purchasers in moderate
amounts for investment at par. The interest is 6 per cent.
The State of New York has obtained to the amount of its
wants, at 7 per cent. Another issue of 7 per cent. stock is
about to be made by the State to the banks of this city, at
7 per cent. to cover temporary loans to that amount to the
State government.
The market for stock has fluctuated a good deal since the
departure of the last steamer, principally, however, in the
prices of those of our local stocks, which are solely influ-
enced by speculation. The large amount of United States
and New York stock, offering a favourable investment to
capitalists, has probably caused such of the local stocks
which are considered sound, to be neglected, and conse-
quently the transactions have been small.

THE TARIFF.
Congress had not touched the Tariff or either of the Ex-
chequer plans for months. On the 30th of June the Corn-
promise Act will come into operation, and a horizontal line
of duties of 20 per cent. ad valorem is to be the rule. But
legislation will be necessary to adapt that rule to existing
laws and usages; and as it is now out of the question that
Congress should, before that time, agree upon a bill that will
be so full of details, and so largely discussed, as any Tariff
bill must be, recourse must be had, as the last resource, to
some comprehensive resolution, that for sixty or ninety days
the present rate of duties shall continue to be levied.
In the mean time, until something of a definite nature is
determined respecting it, merchants cannot enter into opera-
tions of which the result may be materially varied, by the
more or less of duties that may be imposed upon their re-
turned cargoes ; manufacturers, for the like cause, can nei-
ther venture to revive old, nor give extension to existing,
factories, nor undertake new lines of business, while uncer-
tainty continues about the tariff ; and the consumers, the
great mass, are both by the low prices of agricultural produce,
and the want of a general circulating medium, prevented from
any purchases beyond those of instant necessity.

RESUMPTION OF SPECIE PAYMENTS BY THE
BANKS OF NEW ORLEANS.

The most important occurrence since the last arrival from
the States is the resumption of specie payments by all the
banks in New Orleans. At first, three of the banks held
back, the Consolidated, the Citizens', and the State Bank ;
but the depreciation to which their notes were immediately
exposed, combined, we may presume, with the very strong
indications of public opinion adverse to their course, and
the evidence, as regarded the other banks, that resumption
did not lead to any run for specie, induced them to come in ;
and New Orleans is now, with all its ten banks, a specie pay-
ing city.
The effect of restoring the character of bank paper was
necessarily to depreciate all irredeemable paper, and of that
character were notes, amounting, it is supposed to nearly
one million of dollars, issued in sums under five dollars, by
two of the three municipalities into which the city is divid-
ed, and which had been the favourite currency during the
suspension, because the credit and property of the city were
pledged for their redemption. But as they were not re-
deemable in specie, they ceased to circulate the moment
specie payments were resumed ; and the holders, mostly
among the labouring classes, became clamorous, and com-
mitted some outrages. These, however, were speedily
checked by the police; and arrangements being immediately
entered into to fund or redeem this floating paper, order was
restored, and all will work smoothly.

RESUMPTION IN KENTUCKY.
From the annexed paragraph it will be seen that Kentucky
too has joined the ranks of specie-paying States :
LOUISVILLE, MAY 23, P.M.—We have no alteration to
note in the money market, except as to the New Orleans
banks. All of these but the Citizens' having resumed on 1
the 14th, their paper has much improved, though we are not
able to give a quotation. Some have supposed on the autho-
rity of letters, that two or three other banks declined re-
sumption ; but the truth is, that all resolved to resume but
the Citizens Bank.
One of the banks in this city commenced paying specie
to-day iu full, and the others, though they do not announce
it, are, we believe, paying all demands actually made upon
them.—Louisville Journal.
The banks of Virginia will resume specie payments on the
Ist of August.

THE BOUNDARY QUESTION.
The States of Massachusetts and Maine have appointed
Commissioners, with full powers to arrange with the General
Government the question of the North Eastern Boundary ; so
that, it is to be presumed, this point in difference between
the United States and Great Britain will be satisfactorily ad-
justed—as it is not to be supposed the two States named
would have been invited to take the step they have unless
some basis of arrangement consequent upon their acqui-
escence had been previously established.
In other matters in discussion, the papers leave us entirely
in the dark as to what is doing, though the settled sentiment
to
of the country, it is understood as well as of Congress, is
that
tn:ll will be harmonized. To such an extent indeed is the
of
attePresentatives pushing its confidence in uninter-
rupted
e, that it is busily engaged in cutting down army
and navy
the minimum of a peace establishment. The
plea
ju is ecust now 1,4"13,—but the wisdom of such an exercise of it
tionable. 'mid. by some American authorities to be ques-

ATTEMPTED INSURRECTION IN RHODE
ISLAND.
A menacing insurrection in one of the States. (Rhode
Island,) has quietly evaporated without bloodshed, and the
respect for law and authority, instead of receiving attaint,
has rather derived strength, from this attempt to overthrow
both. The firm countenance and conduct of the sound
people and magistrates of the State, sufficed of themselves,
to dishearten the revolters ; and the certaint that the Fe-
deral Government, as bound by the Constitution, would, if
necessary, interpose to uphold the government de facto,
nipped rebellion in the bud.

bales.
We have advices from New Orleans i the 21st
COTTON MARKETS
The demand for Cotton. had become all at oonce
resumption of specie payments, exceedingly 'Xing to the
the week ending the 21st, amounted to about 117
Arrived this week 641/ bales. Cleared 19,772 bales. Stock
iu warehouses and on board 96,575 bales. The latest Stock
pricer
were for