Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1837-07-13
From The N. Y CO,n,nerrial ADJ. Of Monday
sIxDAYs LATER FROM ENGLAND

from the N. Y COinmerriai ADJ. of Monday.
SIX DAYS LATER FROM ENGLAND
BY the arrival of The packet ship Oxford,
Rathbone, from Liverpool we have received
our files Of English papers, embracing Liver
p,ol dates to The 3d aud London to the I'd
Jane.
The intelligence Of the suspension of spe.
Gle payments by our banking institutions. had
mt been received at Liverpool at the time Of
the Oxiord's sailing.
The proceedings of Parliament are OF no
general interest.
The Roscoe had arrived at Liverpool, car
ryIng thither the account If the unsuc uccessiul
mission Of the committee Of New York mer-
chants to Washington, and lis return. The
Liverpool Chronicle Of June 3, remarks:-
The apathy Of the new President had ex-
cited, necessarily, n strong feeling OF indIg-
nation and, in truth, the Americans have
some reason to feel dissatisfied. No govern
ment in the world stands in SO proud posi-
ton as the American executive-nonc so n
bic to restore eftctually the all but bankrupt
state of the cGuntry's commerce. While the
government is wallowing in useless wealth,
and the public revenue far exceeds the cur
rent expenditurc-while squabbles loud and
lengthy have arisen in Congress and else
where, respecting the appropriation OF what
~ termed the "surplms revenue" II is n ieette
too bad for the Chief magistrate ofa great ma
ton To SIT quiet aud Indifferent ut the almost
universal ruin which every where surrounds
him, when he Possesses the means, it he had
the inclination, TO mliIgate its severity. Look
mt the conduct Of the Bank of Emil land toward
the American houses IN this country estab.
lishuicihs towards which she could not feel
very favorabIy disposcd-- contrast her
dlsinterestcdncSs with the apathy of the A
iDercan President toward the miItortunes of
his own cnuniryincn. To the latter, the com
parisOn l. by no means complimentary"
The lt"Scoc carried OF, the news of the
run upon The Mechanics Bank and the Dry
Dock, with the suspension Of The Inter. The
news nt the general suspension of our banks,
however Ind not reached England. Sill, so
important. did they consider the Roscoe's
news AT Liverpool. and SO glo"my wlthal that
two expresses we've instantly despatched to
London. At the moment tie adviccs reached
the metropolis. the directors of the Bank of
England were considering the propreiy Of
extending their assistance 10 the American
lr"nses, already proppcd up by them, To the
end Of tho year. But the intelligence by the
Roscoe appeared SO alarming that they broke
up without coming to any decision. Two or
three days were subsequently spent. in profit
less discussion. and the directors parted on
the evening of the lst of June, without hav-
my arrived at any conclusion. Meantime
both the London aud Liverpool packets were
detained to bring out The ultiInatum OF the
Bank. That ulimatum is contained in the
annexed article from the Liverpool Chronicle
Of the Sd.
We have ascertaincd that tho directors of
N l.. A
port the embarrassed American houses be-
ynnd the time originally agreed upon--the
first Of June. The directors have had sever
al meetings on the subject, and the bank par
lor has been the scene VI protracted and an
grv discussion. They met, VIC understand,
"n Thursday afternoon, and. after remaining
in hel,bcraton for a length Of time. adjourn
cd until 5 o'clock. when they again asscmb-
led and continued in delbrraion until after
: O'Clock when they came To the dricrml.
nation, in consequence of The present critical
state of monetary matters. both here and IN
the United States, of Withholding any farther
support from the American firms, which they
had previously guaranteed to support for II
specified period. That period having cxpir-
ed, they were determined to incur no farther
responsibility.
This resolution on the part Of the directors
of the Bank of England, had necessarily pro-
duced great sensation among the monicd
interest Of London, to whom it had become
known"
The latest French papers contain no news
of Importance, save the accounts of the mar
riage f,'tes Of the Duke of Orleans, at Fon-
talnebleau. The royal marriage took place
on the Both of May.
The intelligence from Spain is so chrquer-
ed and contradictory, that 1t Is impossible to
arrive at satisfactory opinions.
The existence of the plague at Poros in
the Grccan Archipelago is confirmed by let
trrs from Athens of May Sth. set Of quar-
aniinc regulations WIS immediately formed
by the Greek minister, and ordered to be cn-
forced on tie diseased island.