Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-07-19
From the N. Y. Courier and EdquIricr
FROM ENGLAND.

An arrival at Boston furnishes us win
two days later Intelligence from London
The state of the money Market there, and of
the Cotton Market at Liverpool seems i'm
proveing. Accounts had however, not
... .L....-.-..:.-I ~f .I..- tu,;'o'.s:~. OF
Specie payments here, and we look with
much anxiety for the effect which the re-
ccipt Of intelligence of that event will pro-
ducc.
The Ministerial! majority on the second
reading ofthe Church Rate Bill is so small,
that if the precedents of former admins
trations are regarded, the dissolution Of the
presen, Cabinet would follows as a natural
consequence.
BY the ship Pantheon, Capt. Thomas
arrived at Boston on Sunday from Liver
pool dates to the Goth and 9th, two days
later have been received. They have
furnished but little intelligence of impor-
tance.
The London Times of the 25th inst.
says: "The abundance of money at the
Stock Exchange induces the apprehension
that we may have new influx of foreign
securities, and the exchanges be once more
turned against us. The remedy is easy
and obvious enough, but it is not easy to
induce those who have the power to ap-
piy II. The bank should bring the dead
weight to market. This is so clear poll,
cy, under present circumstances that were
the Directors not deferred by the para
mount consideration with them, OF keep
ing up the amount of the dividend, there
could not be no doubt Of their willingness
to resort to it without delay, especially
bound as they are to give all the assistance
that may be required to the American
houses. They cannot make money scarce
by any management out OF doors that
would not be breach Of such implied en-
pagemeat on their part, and they could
not reach the stock exchange by any otll-
er process whatever except that of selling
public securities. At fair price, the
dead weight annuity would lind ready
purchasers, and its Introduction would
check at once the influx of foreign stock,
probably in some degree of American
bank paper"
Liverpool, the state of business was
rather more favorable. The news of the
susoension of specie payments IN this
country had not reached England. Some
tolerably large sales of cotton had taken
place at Liverpool, chiefly of American
description, and at previous quotations;
hut they observe that without some im-
provement in the prices of cotton, the large
holders will experience considerable diff
Guilty in meeting their obligations. 1t is
stated as a curious fact, that East India
cotton has been sold in Liverpool for en-
portat!on to Canton. At the present pri-
ccs it costs less to send it from England to
Canton, than from India.
The bill for the abolition Of the church
rate was read second time, on the 2oth
and was carried by majority of fee, only
which was considered so small a ma jority
for the ministerial measure, as TO amount
to an indication that the present admins
,,ation was near lis end; it had even been
currently reported, that Lord Melbourne
had rendered his resignation, bat this was
afterwards cnntradicted.
The State Bali at St. James's Palace, III
honor of the Princess Eic,orla's 18th blrt!i-
Jav. took n!ace or the 24t;,, but neither
", King ru- qGecn W"r" a." :" %;'"'4.