Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-06-08

=
ssy me s.rival Of the Psnn.yIssaisa. Cast.
omnn, We have London date. 10 IT, 0lth 80
Liverpool. 70 the 2slh OF Apr,l' ho,h ,.cI,,-
s.ss, esine seven days later than befors re-
-. frsH TIE Hrerpsoi TIns,.
The particulars OF the mos, .,,;r-
spg affsngemenis made by the B.nk
o. the United States. eaually for a.
accommodation Of The Americas 80
chants and the trade OF tb;, comet.
%.i, be found in another column. TIL,
poio substitution Of the undoub,cd
credit Of The Bank Of the United STATE.
~ the European markets 10, an.
doubtful credit Of private firm, h..
already had q wonderful effect in Il.
verPool, and no doubt in London. The
remittanccs in these bills are az oood
as cash, minus the interest. and "a Ibc~
must, at the end Of the periods for
which the bills are drawn. be paid in
cash, they viii have the double effect
Of bringing specie back 20 this country
and OF enabling the Americans 10 paw
theIf debts in the easiest manner.
Had not the managers OF that me
yer sufficiently TO be villi6cd monster
Of the Jackson men, The United States
Bank, hat upon this plan Of payment
all persons Indebted 10 this country
would either have been compelled 10
remit gold Immediately, or 10 have
failed. IN The ruinous crash produced
BY this state Of things, out Of eyery
ten houses. possibly one might have
been able to scrsps together gold in
time, while the remaining nine, even
though solvent, had failed. The mr..
Esngement. therefore. is a great bene-
ns 70 the merchants and manufacturer,
Of England. . large portion Of whom
viii low osiain their debi AZ once.
From fAs Lspdsn Herald Of .syra2I.
The state Of commercial credit in
the city has not retIograded; in fact
there are symptoms Of greater conf
dence. which, we trust, will daily In
crease; and We believe that the eau
tious conduct and prudent arrange
ments Of some Of the American hou.
ses, aave tended much 70 the present
improvement in the commercial mo.
ney market. There cannot. however
be anydoubt but that state
Of the affairs Of American merchants
vail have the wholesome effect Of de-
stroying many Of The oyerwheImine
nonnPolies in connection With the
trade, not only OF the United SA,e,.
bot also With British North America.
"A we stated some few DAYS AGO -
is spprehended That the ope ming Of me
trade to China and The East Indies
which has been so freely entered into
oy the Americans, is likely 10 create
disasters even greater than those " hich
have already taken place. A very
considerable portion oftime mustthere.
fore elapse ere the trade between tbi,
country and the United States can be
resolved into healthy condition.
The accounts from the nanufactur.
ing districts are any thing but favorable.
The interruption OF our trnde With
America appears already 10 be SER.
ously felt, and the letters state that
thousands ofPeople have been thrown
out Of work, and placed, by the result
ct an artificial system Of trade. upon
The tender mereies Of the new poor
laws.
An announcement was made this
afternoon, Of the failure of large ma
nufacturing concern. but we under
stand that the payments Of the firm
wall be shortly resumed.
There has not been much ACTIVITY in
the Stock Exchange. Money Stock
continues scarce; and Consols continue
heavy rather than the contrary.
in the British House Of Commons
on the 18Th, motion for an address 10
the King. praying him not 10 renew
the order IN council authorizing Bri-
tish subjects 10 engage in the service
Of the Queen Of Spain. was negatived
by . majority Of 80. the vote being 242
FRANCE.
The Preparations for the marriage Of
the Duke o. 0rlesns were going on very
actively. The chamber of deputies
had passed, by q msjoriiy Of 25s. the
act establishing bis allowance: 2. 600
400 francs per annum, 600 600 for
wedding presents, and 500. OeO per
annun ior che princess, 10 case OF
widowbood.
The distress Of che operatives was
still very great in France.