Litchfield enquirer., 1837-07-27
'THE ENQUIRER.
JULY 27, 1ss7.

LETCHFIELD, JULY 27, 1887.
 Fp1 NEws-By the arrival at New-York on N1lalf and Sunday last, accounts are received from TH6 io the 18th June, from Havre to the l7th. and fes tp the 18th. Intelligence had been received of lhe p1penson of specie payments by the Amencan Banis and the papers are filled with specuations up- on ths snbiect We have not room for many extracts, nor indeed would they be very interesting to an agr- cultural people if we had. We therefore copy what fnlloN as an epitome of what the papers contain.- Ths ling of England was dangerously i'll, and all ac- sonn agree in stating that there very little pros ner of hs recovery: the disease is believed to be 9f1Ssy in the chest. The Bank of England had not z'opred payment, as was reported few days since.
 From the Ne,D- York Express.
 ke arrival of two packet ships, one from Havre 1 pne from England, gives an account of the effect m Europe of the suspension of specie payments in this c0untry. The Sully carried the news to Havre, and tho Europe to Liverpool, the dates from America re- celxedin Liverpool being to the 2Oth May-when the elp1sion of GlL the Banks was known-the effect in s Country, and the acts of some of the Legislatures te&Izing the suspension.
 he measures of our Government, which led to this s1spension, having been pretty well understood in Eu- T1st the panic nothing like what it was feared it wnld be. It seems to be understood that we are not hAnkrupts who have the ultimate means of paying our delts; but that the measures ot the Government had e0 Boarded up the specie of the country put out 1ffhe power of merchants to meet their engage nents. The Journal des Dbafs, the only journal in @l Europe which thoroughly understands American n!Iairs, of which M Chevalier who was long in this
 1tntry, is associate dtor attributes the present
 Esis in America principally to the harsh measures of
 en. Jackson against the Bank of the United States, and to his violent efforts for the abrupt introduction of
 d and silver as the circulating medium of a country 11 which credit had previously been so abundant. In te actual position of America, the Debats approves 1fhe temporary suspension o specie payments as the 0F A1O0P currency indispensable to the of business
 The measure is also, in the opinion of this Journal especially favorable to the European interests engaged
 h America, as one of the consequences of the pre- asnt mode of circulation will be the exportation of % means of the gold which has at present become
 eless for the American banks the Dehats thinks that H&e United States may find fresh capital and begin V discharge their engagements with Europe, whilst Navaiting the moment when their produce may have tesumed it's habitual course. The London Globe.
 However, looks upon the suspension as robbery of Nr Foreign creditors, as an attempt to cancel private 0bigations under general Banking Failure. The London Courier is much more valiant, and very pro chant indebted to England. having the ability and the Inclination to pay, can no longer plead the want of means to make remittance 1.-The do not proceed to rncel his debt, it will not be because of the scarcity cf money, or of the difficulty of getting gold, but be- eanse he either wants property or inclination to part N The Paris correspondent of the London Times, wri- eing June sh, says that the Bourse and the commer cial world had during that day, been thrown into fusion by the announced difficulties of highly respec table American banker resident in that capital M. s"***," Wells we suppose is meanl says the letter,
 made known to his friends & to the bank of France, That unless they came to his assistance, he should be compelled to suspend payment. He required of the bank an advance ot 2,OOOOOOf and from his friends one of a similar amount. committee, appointed by the hank of France, was occupied (Tune 7h) in exa- mining his books and dune sth) made favorable re- port thereupon. portion of M. *****'s assets con- sss of IS OO0E of debts due to him bv merchants lin the United States Another item consists of real received, state that M Muller, banker of that city, had stopped payment for sum of 4,O0OO OO00f. The principal sufferers will be, it is said. the Jesuits esab .llshment in that canton"
 failures having taken place there's and from an arti- ce dated Bucharest, May 18th. it appears that the commercial crisis had reached that city.
 The firm of Messrs. Thos. Dixon & Co., of Liverpool, expcscd, immediately pnv ten shllings in the pound The house hone soon to resume business and ultimate Iy to pay all their creditors in full. failure is an- nounced in Manchester-that of the house of Messrs Rnmshot'am x Co. whose liabilities are estimated at 2OOOON. They were large exporters of manufactured goods 10 America, and their debts will fall chiefly in Manchester.
 The charpes of the English papers of an attempt on our part to cheat Europe, we must bear till they have heard of subsequent events and seen with what good faith promises have been kept. The tone of freproach was 10 be expected but when it is seen that the sus- pension not for evadng the foreign creditor their TeprOaches must be taken hack. These journals give Themselves a great deal of unnecessary alarm about what IS to come.
 The serious illness of the king of Engand-the lat lest news being the night of the l3h-caused great sensation, as well it might. Stocks affected by Eit. The serious illness of man SO far advanced in years indicates an approaching dissolution, which we shall expect to hear by :he next packets