Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-26
Further inteiligs ace by the ST. James.
The death of the King is thus officially announ-


ced +
past 3o'clock-TUEspAy, June 20th lS37.-His Ma
iesty King William the Fourth, expired at ten mi
nutes before three o'clock this mernlng IN the pre-
Of the Archbishop of Canterbury, the Dean of
MANY carriages and four are hurryng from the
Castle"
The London Courier thus speaks of the affair of
the Browns.
CATER some discussion, il was decided at the meet
mo of Bank Directors yesterday TO carry Messrs.
Brown OF Liverpool TOR il is the verest afTectaon
not to mention their name) through far a. 10 ena-
bic them to make good their existing engagements
IL is quite impossible % say what amount of advance
this may require on the part of the bank, as that
must entirely depend on the remtances to be recev-
ed from America. We believe however, that the
bank has obtained guarantees, principally, though
not entirely, from banking house III this city, and
from banks IN Liverpool, Manchester, and Blrming-
ham, to the extent of somewhere about t400, 600 -
but whatever advance she may have to make beyond
this sum, Gf she have any mcst OF course be made
on the credit of the names attached 10 the bills she
may have 10 take up
The opinion is that they will be carried on and not
through, by the Bank
The Herald, in commenting the condition Of our
affairs, holds this language
"Opinons still vary very much here amongst our
principal mercantile men as 10 what will be the final
result of these sudden changes. Many dis
posed 10 lock upon the state of the commercial and
monetary market in much more favorable point of
view; but great deal depends upon the ability of the
Bank of England 10 cope with all circumstances IN
every sense of the word. Rumors still prevail that
meeting of the merchants will be held to express ge
neral confidence in the existing state Of the CONNER
cal relations between this country and the United
States but have not learned that any preliminary
steps have been taken towards this object"
Hear what the Courier says of the supply of gold,
from an unexpected quar,er:-
'sThe stock ofbullion in the Bank is, glad to
say, progressively accommodating, and amounts at
present, we believe 10 about IS 100000 1t is fact
that while bullion is being imported generally from
the Continent from $4,000 TO fl5,00O a week goes
to Holland as payment by the gulls who have bought
Dutch Stock.
Some of our contemporaries seem to be surprised
that gold should come here from Russia but rs quite
much in the natural course of things as that sugar
should come from Jamaica. Russia bids fair to be the
Mexico Of the Old World. Last year the produce Of
her silver mines amounted to about f600,0eO, and
that of her gold mines to about t335, 0OO Not hav-
ing, notwths the RAPID increase OF wealth and
civilization, demand for SO large an amount OF bull
lon the surplus necessarily finds its way 10 the best
market, which at this moment happens TO be Eng
land"
The Liverpool advices contained in the following
extracts from the Mall
LIVERPOOL. Wednesday, June l4th.-The sales of
cotton today are about $500 bags The market is dull
and rather lower prices have been submitted TO.
LIVERPOOL, Thursday Evening June l5-By the
Sheflied which arrived this day, t25,000 i'll specie
principally in goldhas been received. This is part
and parcel of 100000 which have been shipped per
three packets for London, Liverpool and Havre Very
little has been doing Change this day. The houses
of Bolton, Ogden x Co, which suspended yesterday
owe about f200 900, but show a surplus of t70,tO0-
Their losses and stoppage arise from operations
which yielded profits by shipping to the states in the
months of October aud Novemberlast but which were
sold and consigned houses that have since failed and
their bills taken payment and subsequently exchan
ged for bills Europe also bad It is said the agents
of Wde's and Wilson's houses have returned and re.
port very avoraby Of their affairs abroad that they
will pay all The great house here, II is thought will
weather the Mr. Shipey, the acting in door
partner has again gone up to town with further names
as securities induce the bank To aid and assist them.
He went ON Monday, since which additional mum
Der ofnames have followed him. They received, also,
5000 bales of yesterday, and bonds of exchange
by this packet about 100000.
1t is reported Bolton, Ogden co. viii resume and
that the want Of berali,y in their bankers of
the causes of their stoppage.
Northern and Central Bank OF England shares whose
original capitn was 100000 paid up, namely, tlO per
share were this day sold at sos only.
No failure has occurred today. The knowledge, how
ever that important negotiation Is going ON between
nm eminent house here aud the Bank OF England has an
injurious effect ON trade. The sales Of cotton limit
ed and there is a visible want of confidence. The
rensive failure which announced yesterday Messrs
A. g. Ralson * Co, and the news brought by the New
York packet this morning were the general topics OF
conversation Change. it'll respect to the failure,
the engagements Of the house in question are not less
than and should the parties DC able 10 real
Use their property they expect TO have surplus OF fifty
thousand pounds. The event took the town quite by
surprise.
Commercial men consider the news from New York,
on the whole favorable The debts owing ~ America
10 merchants England will il is calculated be csllect
ed quicker and better than they would have been had
ihe banks made unavailable struggle maintain spe
Gle payments. The gold is beginning TO find its way
back; f25,0o0 in specie brought By the packet to
aav and Is expected by the next and tho succeed
ing arrivals. The packet ship North America. for New
York il detained till Saturday morning to convey the
decision Of the bank directors the application made
10 them by the Liverpool house for assistance.
LIvERPoof, June lT.-Al has been quiet here today.
Tiere have been new faures the contrary, com.
rnerria affairs begin to cheering aspect.
IL il true speaking Of the improved aspect Of CONNER
cial affairs do that there is any indication
nj present of their being restored any thing like
healthy siate-we only speak comparatively, with refer
s.nce to what expected from the disastrous
brought by the Europe from New York. This improve
ent chiefly attributable the intelligence that arriv
ed here Yesterday by express from London of the in
teuon of the Bank OF England assist the extensive
firm to which we have alluded Cor day pnst--we
mean ,hat of Mcssrs. VIM and Jas Brown one of the
largest houses in the American trade in Liverpool So
connected in business is this house that had
II been compelled 10 suspend its payments, heavier
calamity could have befacn the commercial and manu-
fturnr interests in Birmingham and this part &C the
Kingdom and numerous other failures necessarily
have followed Its liabilities stated to be immense
ut under the ut its capital in trade