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

With t

concussion

UNITED STATES.

ARRIVAL OF THE ACADIA

The following appeared in a second edition of the STANDARD

on Tuesday last :

Captain Ryrie, from Bos
,ser Ilnivhond at half-t

•••••-• "ca., JIBIIcILICIA vas
six o'clock yesterday evening, and arrived opposite the stock
(in this port) at about one o'clock this morning. The news

caterers were on the gni vive to obtain their tiles or pap-
and took advantage of a Rock Ferry steam-boat, provided by
Messrs. M'lver, the agents of the company, and which was
lying in waiting at George's Pier, to put off and bring the
mails on shore. A few minutes after one o'clock the ex-
pected steam-ship came up the river in gallant style, firing
guns when she got opposite to Seacombe, and as she pro-
ceeded past Wallasey Pool. She kept well on the Cheshire
shore, and the small steamer having put off to her,
was soon within hail, and all were anxious to get on
board. The commander of the Acadia, however, as soon as
be saw her, hailed her to go astern to the assistance
of a steamer, which he conceived was in a sinking state, and
his request was immediately complied with. There was a
good deal of fog on the water at the Cheshire side at the
time, and it appeared that the Acadia had, in taking a wide
berth, clear of the vessels on this side the river, run foul of a
Woodside steamer, the Cleveland, lying at anchor a little
to the south of Woodside Ferry, and done her some damage,
—and hence the alarm of Captain Ryrie. The small steamer,
on reaching the damaged vessel, found that her condition was
by no means so perilous as had been supposed, she being all
afloat, having had only some of her bulwarks forward carried
away by the concussion, and the crew (some in their shirts)
•oused from their berths, and in considerable alarm from the
No one was hurt; and another river steamer
aving come up, the vessel was left to be towed by her
.nto a place of safety, should that have happened to be
necessary. The Rock Ferry boat then steamed along
side the Acadia, and the passengers getting on board,
the usual scramble for abstracts of the log, &c. and
newspapers took place, and the mails were transferred
to the small steamer. Very few papers were, however, ob-
tained on board, the greater part being sent on shore, to-
gether with the mail bags. We are indebted to Mr. Thomp-
son, a gentleman belonging to Messrs. M`lver's o
an early delivery of our own files, and several additional
papers, of which we had more of the same date.
The Acadia sailed from Boston at 5 p.m. on the Ist, and
arrived off the Floating Light at a quarter before 12 o'clock
last night, thus making the passage to this port in about 12
days and 8 hours—she having arrived opposite the town at
1 this morning. She left Halifax on the evening of the 3d,
accomplishing the passage thence in 10 days 71 honrs—a rate
of steaming fully maintaining the previous speed and cer-
tainty of the fine ships of this line. She met the Columbia
at midnight, on the Ist, off Boston, and the latter vessel
would probably reach that port by two o'clock next morning.
It was reported at the time of her sailing from Halifax that a
large steamer (supposed to be the Great Western) was seen
passing off that place on the 2d, on her way to New York.
The general news brought by the Acadia appear to be of a
better character, although they present nothirber of a very
striking character. The progress of Lord Asliburton's mis-
sion appears enveloped in strict diplomatic secrecy, but it is
fully to be calculated upon from the little that has transpired,
as being of a favourable description. The principal news
will be found under the several heads. The following is. an
ABSTRACT OF THE LOG.
June 1.-5 p.m., started from Boston.
2.—Wind N.E. Running along the coast ; moderate
breeze and fine weather.
3.-10 a.m. arrived in Halifax 515 p.m. left Halifax ; 7
p.m. Sambro Light bore W.N.W.
4.—Wind S. ; distance 170 miles ; lat. 44 42, long. 59 51
Moderate breeze and fine weather.
s.—Wind S.W. ' • distance 228 miles; lat. 45 4, long.
Steady breeze and foggy weather.
6.—Wind S.W. ; distance, 225 miles ; lat. 46 8, long.
49 16. Steady breeze and foggy weather.
7.—Wind S. ; distance 249 miles ; lat. 46 31, long. 4318,
steady breeze, and foggy weather; saw several icebergs.
B.—Wind S.S.W. ; distance 264 miles; lat. 47 40, long.
36 38. Steady breeze, and foggy weather.
9.—Wind S. ; distance 270 miles ; lat. 49 16, long. 30 22.
Fresh breeze, and cloudy. Passed American ship Neva.
10.—Wind S.S.E. ; distance 230 miles; lat. 49 59, long.
24 47. Fresh breeze, and clear.
11.—Wind S.E. ; distance 233 miles ; lat. 50 40, long.
18 37. Fresh breeze, and cloudy. Passed B. brig Lady
Alice Lambton.
12.—Wind S.E. ; distance 250 miles; lat. 50 50, long.
11 50. Moderate breeze, and cloudy. Passed the William
and Jane, 41 days from Gibraltar. 930 p.m. Cape Clear
bore N.E.
13.—Wind East. Moderate winds and fine weather
passed the Coeur de Lion. At 630 p.m., off Holyhead ; and
off the Floating Light at 11 45 p.m.

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 hdw 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 71 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 Com-
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
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 in 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
their
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
etf the country, it is understood as well as of Congress, is
that all will be harmonized. To such an extent indeed is the
ase
plea i:
ruined, (:)f
Lust now i
flay
pushing its confidence in uninter-
and
na eace, that it is busily engaged in cutting down army
sthe minimum of a peace establishment. The
economy—but the wisdom of such an exercise of it
tionable. said by some American authorities to be ques-