Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1836-11-30
From the N. Y. Courier and Enquirer
LATE FROM ENGLAND.

the ~ n courier anu enquirer.
LATE FROM ENGLAND.
The Packet Ship WESTMINSTER, Capt.
MOORE, from London, arrived yesterday
morning. She sailed from Portsmouth on
the 18th October. We have received by
her London papers to the evening of the
18th ultimo.
The money market in London isevident-
ly in very unsettled state, and the rate Of
interest advancing; slight Improvement
in the price of Consols took place, how
ever, on the last day Of which we have &C.
counts. Ska.
The differences between France and
Switzerland form the principal topic of dis.
cussion in the French papers. The COM
munication between the two countries is al
most entirely closed. We cannot, how
ever, think this state of things will lead TO
any important consequences. These mea-
sures of non intercourse must evidently be
as injurious to the party adopting them as
to the party against which they are di-
rected.
In Spain all is still confusion and anar-
chy. The new Ministry are becoming un-
popular. The engagement at Villarobedo,
which the liberal party claimed as deci-
siye victory, does not appear to have been
Of much importance, as Gomez subsequent
ly continued his route towards Andalusia,
with the view of cutting off the communi.
cation between Madrid and Cadiz. The
British legion had again been engaged with
the Carlists, without any other result than
the loss of life.
The situation Of Portugal does not ap.
pear much better. The late revolution
seems to be generally unpopular and to
meet with little support.
LONDON, Oct. 10.
A very considerable degree of anxiety
has peryaded the monetary and commercial
interests here this day, in consequence OF
IFS having transpired that the Bank Direc-
tors have resolved to raise the rate of in
terest upon commercial bills above three
months, date to 6 per cent. per annum.
Considering the eminent prosperity which
characteriZes the commercial transactions
of the country at the present juncture, it is
difficult to comment upon this determine
ton in any other terms than those of posi-
tive rephrenson, and we hesitate not to de-
clare that the Bank Direction, if they carry
out this insolent determination, may sink
the credit of the country without realizing
the phenix-like character of the year 1925
g. The pressure upon the commercial
Money Market has of course been very
great; and if the Bank pursues its present;
course, it will be difficult to name limit to
the consequences.
October l4.-It was given out in the
City this afternoon that the Court of Direc.
tors Of the Bank of England, at their usual
weekly meeting, held to-day, came to the
determination not to make any increase on
the rate Of discounts, at least for the present.
This gave some degree of satisfaction
to the mercantile interests, as money con.
tinues very scarce in oil quarters. The
state of the market for the unfunded debt
indicates that the pressure for capital is
rather on the increase than otherwise.
By the commercial accounts received
from the United States to-day, it appears
that money had become easier at New
York. The. rate of Exchange on this
country had touched premium. No in
telligence had yet arrived there of the pres.
sure for money existing here, and of the
measures adopted by the Bank Direction,
relative to the circulation Of American pa
per here. But little doubt exists that Sc.
rous effect will be produced upon the mar.
kets of the Union by the pressure for cap.
ital now prevailing here. Those who will
experience its effects in great degree are
the spectators in land, banking, railway,
and other shares on the other side Of the
Atlantic.
AT the date of the present advices the
Stock Market wore rather firmer appear.
ance at New York. In consequence of
the wants of the trading community caused
by the abolition Of paper money under five
dollars value, the banks had issued notes Of
intermediate amounts between five and ten
dollars each. 1t is thought that the expor.
tation of bullion would soon commence.
Connected with this subject, it may be sta
ted that "a packet had arrived at an out
port from Vera Cruz, with upwards of one
million Of dollars on board.
SPAIN.
r. ttF BAYoNNE, Oct. 4.
have just received an account of the
engagement which took place before ST..
Sebastian on the LIST inst, between the Car.
lists and Anglo Christians. The impartial.
ity Of my informant is guarantee for its
exactness.
General Guibelade advanced on the
morning of the 1st inst, at the head of
four battalions and about 600 armed peas.
ants, who had come to share in the combat
from Irun, Fontarabia, Hermann, and other
neighboring villages. Two battalions rst
attacked and seized upon the point of La
Antigua, without meeting with much resist
ance. General Jauregui. with strong
force arrived. and having driven hence the
Carlists, fixed himself and his troops at the
point.
This was merely an episode of the com.
bat which was carrying on through the
whole line. Guibelaid's other two battal.
ions, SUSTAINED by the armed peasants, ad.
vanced with intrcpidity and attacked the
fort of Ala, which was defended by the
English, who had established there six pie.
ces of their best artillery, which produced
the most terrific effects. The CarIists dis.
played all their means and performed pro.