Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-08-12
MORNING HERALD.


MARSHALL, the other by the Suy, Capt Lines. ny
these arrivals we have later accounts from PARIS OF
London Some fresh items gwen below which
will be much the loafers of Wall street VIII give
IN twice the space. Cotton is brisk IN Havre-duii
IN Liverpool. Victoria the Queen IS getting fdrer
and fatter every day. fher majesty IS really pretty
Eirl, God bless her-if not God pity her.
The crops throughout England are spoken OF as be-
ipr The finest the most luxuriant remembered A
great increase the staples OF life will be the conse
ssaence Wheat and potatoes, particularly, promise
ssost extensive crops.
The weather has been very fine for considerable
period and thus brought vegetation a of perfec.
ZION scarcely known before
The fire at Liverpool reported in last, ncon
siderable TWAS confined the three upper stories of
The building in which it broke In the lower part
sdthe warehouse 240 bales of Gotten belonging
Mcssrs Mellor, Provost X Co. 1t was got out, how
ever, without being damaged.
Business in the manufacturing is upon the ad-
Prospects brightening-a young Queen
delightful wonderland fine crops-seem to have given
The people generally impetus They are forgetting
their troubles, and moving the go ahead principle
On the night of the 22d part of the 9Th battalion
Of Biscay was surprised by division of Espartero in
abe neighborhood of Larraga, and made prisoners.
On the 2lst June, clerk OF the Berlin Post Office,
who was endGavoring to get to England by means of
a false passport, was arrested at Hamburg sum
of from 60 to 10 thousand rix dollars in gold and in
notes. which he had distracted from the post Office
cash box was found in his possession.
We learn from Champagne that the vines were
not more forward in May than they were in February;
but that the genial heats of this month have in some
measure restored them; and there IS promise of an
abundant vintage
The brig Ducouedic has just arrived from the Le
want, bringing the beautifully seulptursd Gates of
Rhodes, when are intended for the Partisan Museum
of Antiquities.
The accounts from Spain are, on the whole more
favorable for the Queen.
The King of Belgium was expected at Neully on
The ID July.
!, The Chorts says-"The spiri, in which the num-
opal elections proceed is of the best description In
places where the opposition have succeeded in
ing some one of their candidates, they have taken
care to choose men who are interested in preserving
order either by their fortune their position in socie
iy. In short it is evident that the municipal coun-
cils will be much amelorated by the result of the
elections Of 1887.
We had last week, the pleasure of stating, that the
Directors of the Bank of England had unanimously
ngrced to sustain the house of Messrs. William and
James Brown q Co., which, like most of the houses
engaged in the trade to the United States, had expe
risnced temporary embarrassment from not having
received the remtances which they had relied to
have nrea and ne ar
influence was Immediately felt in the partial revival
of confidence and In the restoration Of activity IN the
Cotton Market. That influence continues to be felt
sensible improvement in trade particularly in the
cotton trade having taken place.
Some writers of what called "City Articles"
IN the morning papers arguing from the alleged
Directors Of the Bank of England, who, it was said,
had agreed to carry that house through it's difficulties
express doubts with regard to the permanence of the
arrangement which the directors have entered into
with Messrs. VIM. and JAS Brown and Co. AT least
they seem to be Of opnien that either the bank d.
Toctors the house in question ought to make some
announcement of the nature and the extent of the
arrangement enertd into between them, that the
mind of the commercial world may be assured of its
Siciency 10 enable the parties to meet all their en-
gagemenis. Now, without pretending to know more
about the arrangement than well informed mercantile
men know about II, we may state for the satisfaction
of the writers IN question: that the directors of the
Bank Of England, when the application for assistance
was made to them, resolved TO advance the amount
that might be required TO meet the engagements and
the Liabilities of the Liverpool house of Messrs VIM
and Jas. Brown and Co. 10 the 3lst of December
next, those gentlemen undertaking to furnish the
bank with adequate securities and sufficient puaran-
to repay that institution for any advances the
directors might be called make on their behalf
The securities and the guarantees required have been
furnished to the bank; hey more than cover all the
Messrs Browns engagements and liabilities IN to
The 3ist December next So that all the liabilities of
the firm for acceptances, book debts, and endorse
1nents are as certain to be paid they become due
rs II the parties to whom the house are indebted had
the money now in their cash boxes
As we are on the subject of the affairs of this emf
ncnt house, we may take the opportunity to mention
%sssI ne Of the engage
~
der on American account, they did not anticipate any
great Inconvenience until the arrival of the packet of
the 9Th ult- bringing them account of the general
prostration OF credit in the United States followed by
subsequent advces by the packet Of tho 18TH adyis
ang the suspension Of specie payments on the pert of
the banks and the mpossbllity of sending funds
3or ward 10 meet English engagements. Under these
circumstances, they at once determined to apply to
fhe Bank of England for temporary loan on stock
real estate, and other securities The application was
most promptly and most literally met BY the Direc-
lore resolving, unanimously hold nj the disposal of
The Messrs. Brown all the funds that might be required
TO meet every engagement their house % uader up 10
the 3lst of December Their foreign bills will be
mostly paid in a few days; and their present inland
ncceptances will be nearly quidated in the month OF
September
From this statement il appears, therefore, that on
The part Of the Bank of England the measure 10 full and
eomplete the Directors quite satisfied with the
resources Of Messrs. VIM. and Jas. Brown & Co /; |
and the Bank may be said be the suarantee of the
hrm Tor all payments in this country to the period |
before ACKNOWLEDGMENT Albion.
The London correspondent of the Liverpool Jour- |
nal under date Of Both June, says:-
The quantity OF business hurried through NJ present
n immense. Bills forwarded with railway cele |
nty, and every thing declares that honorable mem
ocrs are ANXIOUS TO present themselves m soon "a
POmU1blc before Their coOStitueuts 49,.