Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-19
MORNING HERALD.
MONDAY. JUNE 10. 1897.
Important from EursPe-six days later.
l.. ~>.fv


We have the cotton market to the evening OF
the 23d from Liverpool and the London money mar
ket of the 22d which was rather unsstted-a num-
Der of failures had taken place at Liverpool also one
at Manchester. none of which believed to be fol
very LARGE sums but the collective amount is con-
siderable They had not received any intelligence
from this side later than the 3D. Carried out by the
North America) 1t was thought that the Bank Of
England could rot sustain the American houses any
longer and some accounts say that they had come to
the determination to refuse further aid to all American
houses. The consol market has been firm-cotton
had farther declined D Id. on the 10th, and again
advanced on the 23d Id at Liverpool.
Accounts from Russia mention that the Govern
ment had received Lord Durham's communication in
regard to the Vixen, in very amcabe manner LII
luterrcd that affair is as good as settled.
The news from Barcelona is of the most dePorable
and menacing character. In General Parreno's (Go-
of Barceona) despatch, is stated that IT had
been only through the aid of the English Marines
landed from the Rodney that the instruction Of the
4th and 5th inst. had been quelsd-vast numbers Of
persons had arrived at Marseies, from Barcelona
who had to fly from the excuses of the revolution
hsts.
The plague was making great ravages in the Bar
barry states except Tuns, and caused great alarm in
Spain, italy, and the other kingdoms bordering on
the Medit. rranean Every precaution was in opera
ton to pre-, ent the spreading of the peslence. AL
though the dis ease not in Tunis, the aG,hor
ties of Gibraltar had prohibited the entrance of
sells from that port into the bay.
The news OF our commercial troubles had been re-
ceved at Gibraltar.
LATEST ARRIVALS FRI N AMERrcA.-The accounts
hrou oht Inv Ara n Wpd-
nesday are as unfavorabie as those which we gave
last week. with this addition, that they render it very
doubtful whether the bank Of the United States will
avail itself of the power of drawing on the bank of
England for the millions for which It was author
lied to draw, certain conditions. One OF those
conditions the renting of quantity OF specie,
believe million sterling to this country, and this
Is CONDITION with which the bank of the U. States
s unable to comply. About two thirds of all the
specie in the country the hands of what called
the " pet banks, that is the banks holding the GO
vernment deposes, and they dare not part with any
of il for exporation The consequence is, that the
commercial classes in the States will lose all the ad
vantage Of this arrangement. From what we have
heard we believe that the bank Of the United States
is doing good deal tn relieve the people IN the south
by making advances upon cotton.
BANK SroPsAaE.-We are sorry to inform our rea-
ders that I3tegcnrc has been received in this town.
by printed crcu' ar that the bank of Mr.. G. Thomp
son, oil Appieo.6 has suspended It's payments. Mr..
Thompson nearly for 40 years carried on the sas
ness OF b.nking, and also that of grocer, IN our
county town. and as his credit tor many years mas
been nigh we are fearful that the good people OF APP
ny ~ may have suffered from his failure Wesfn10re-
land Gazette
paragraph quoted from the Nep York Sunday
Moraipg Nelns appeared IN the Obserrer OF Sunday
last accompanied by some very absurd observations
The paragraph represented that the Amencan MINIS
ter in London and the American Consul at Liverpool
had made 10 their Government certain representations
relative 10 the political and financial state OF England
IL is equally unnecessary TO describe the nature oil
these represen ,atons, and TO notice the comments
ma do upon them in the Observer, for are author
red TO state that neither the American Minister nor
the Consul made any such representations or any
representations like 10 them.
LONDON MoSEr MARKET Monday, 22d-Tbe letters from
Liverpool having brought failures have in
duced rather gloomy feeling in the city generally such
combination crcunstances work. both here and in the
United States prevent merchants from obtaining proper
returns q due % Them Una, some appTehens on eeg
,Aa support a y Aare hitherto done 70 M hoas1 concerned
M incident however has occurred in the city which could be
houses which stated 70 the Lvepoei letters TO have
Sell CO., and Phelps, James CO. Meme o. these are be-
eved 70 b for y,y large suns 6a ae &
m. col rsarket has been firm with scarcely any
ton from the prices OF saturday The quotation az
fer money and 9i TO Tor the July account Excheqner
bills SIS 5i the Saturday though The belief
ha diminished that reduction In the rate OF interest
upon them contemplated The una, quarterly notice tor
few days VIII deeroine how far tina! notion Is correct one
India Bonds being Thought lktly
reduction though the East India Company very commonly
follow tie Government all such operations have been the
favored PURCHASE and bave borne higher saue some
them 81 large extent have however, taken place aud
though premium has been well supported al jos to u.s.
should project Of the Kind y 10 view
with respect % them.
Tho foreign market ieyerish and unsettled state
account he general the from Spain and the
great the events now take. Ac.
ePs o one pa no o,Ssr band sna III, more csn
them realize for ofnccidr fs Spanish Actyc
stock let OF 81 W 4 which decline oi II per cent sHce
saturday. Portuguese per Ccst it cent and len OF
Al "a 10 J. and per J0i Colombian i To a. and
The f~ transactions tst tnok place in the Sharemarket
were a slight proyeuenL The following the
quotations Leeds and Manchester, ~ premiums Birnhng
ham AZ premium Great Western "a 70 "a bat south
anpsn quoted ~ 81 dis South Eastern, a. 10
dir and Gr-~nvich,5 81 ~ p dE
The expenses consequent upon the Westminster
"A ecti0n contest said be very large. Tho cost
to Sir Francis Burdcii u spoken Of beng about
6N10i.--TOTy Paper.
~ r readers will be gralhcd 10 learn that the KING
has ccn pleased to RAISE Sir Francis Head now Lieu.
tenau Governor Of Upper Canada, to the dignity OF
Baron OF the Uni cd Kingdom THIS mark OF The
Royal avor cVinccs upon the part of his Majesty a
usi aun recitation of the conduct OF SIR Francis Head
since he appointment 10 the Office he now ably
flls.-ho ming Chronicle.
A Dfsso LuTIoS.-The Dublin Evening Post con-
tans the FOL lowing anccdoic in It's London corrsepon-
dencc:-A p DRY General Gascoyne) had the dcx-
terty 10 SCUM \ hgh parsonage % 10 dissolution
m the event OF a change Of Ministry. No. replied
Tn yenernted n. rsonage Il see no necessity for
any changes Ds solution, indeed, Why, ir again
dissolve The parli, ment the historical record of my