Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-08-03
VOL. 30.
LiFE IND IMPORTANT FROM EU-
ROPE- DE.iTH or TIE MING OF
EFFECT or OUR spE-

Work the 81 James, from London; the Ioui,
philiPpe from Hsvre, and the Westminster
'-or' London. The London papers are 10 the
epth June inclusive, the Pari. 10 the 10th. and
rs Liverpool 10 the 18th Of the same month.
From the Nes York journals before US We
make the following interesting extracts
pEtrH or THE KING OF ENGLAND.
The news Of tins even, is thus announce cd In
,hs Morning Chronicle Of The Goth:
Hts MAJESTY expired about TWEEN
" minutes past three clock this morn
M. The Archbishop OF Canterbury
"a present. rs were also severa, MEM
bers Of the King family. Immediately
after the decease. the Archbishop of
Canterbury left Windsor Castle for
TowL."
EFFECT or OUR SPECIE SUSPENSIONS.
The news Of the suspension Of specie pay.
E.snis IA this country reached Liverpool by
the ,hip Es'ops, on the morning or the Ilth,
and London on the 18th, in time for the morn
AZ papers The catastrophe had been in n
measure anticipated, and notwithstanding the
abusive article published in the Ti-as,, il i.
apparent that the merchants generally looked
upon the suspension a. calculated 10 iner.as.
To- chances Of remIttances from this country
Tie Twas .isslf, admits that such was the ge-
n-fal opinion 10 the ri,y, aud the Morning POS,
Aid,-"The suspension OF payment ia specie
sn all the principal cite. Of the Union, i.
viewed ~ parties si,h different sentiments,
. but the more general impression seem. to be
o t..t Al 2iIl DC attended With ultimately be-
. heisl re.uli,."
The same paper also contains the following
paragraph
We learn that an idea prevails a
Tuong the leading mercantile men and
capitalists IN the city, that the financial
difficulties which have existed Tor so
many months past, are now nca,ly at
an END. and that a public declaration 10
that effect IS ia contemplation. The
late events m America have evidently
tended much TO restore confidence.
From re LoHl0n TIwes, June b.
The intelligence from New York
Sh,eh the last packet has brought, OF
ihe sioppage. or, a. they term 1t, sus.
tension II specie payments by all the
Banks. about 700 IN number ia the [
states astounding as IT may seem, ha,
-,screly calIzed the expectations of all
Lcn Who carefully observed and well
Sa4rEsiood uhat vas previously pass
Ins there. The paper system was over
worked 10 exhaustion the merchants
pressed upon by the European credi.
t9fs. and with no means of satisfy ing
ih.m bat BY sending specie and the
Government resolved 10 let none oil
hat over Which they Lad control gel
1t intp circulliIUn. The consequence
- IaeSuab,c. the merchants break, and
'h- Bank without single exception
90 " - not worth while 20 inquire after
The small ones. when the great ones
hs's yielded 10 the cTlsls-stop nay
Heni. Al this time. 60 add 10 the
SpDdeT al the situation IN which the
NhDie AInFncan UNION IS placed, the
oouniry Is IN profound peace. and on
TIC cNtenOf surface On a state OF the
hish"s, prosperity there Is no public
drbi and the revenue 50 much greater
tAsn the wants Of the Government,
fftef'f tAi' ptIt Ol lilt
and dates must be- RENTED. or the mo-
hsy returned go the people upon whom
- has been levied. II this does not fur.
ni.h evidence Il deliberate design 10
ROB the European creditors OF the sums
DIE q them. contingency which We
haFe more than once pointed out as
lkslY % happen, u - difficult to say
What would be accounted good evi.
teBce q such an inteniion.-This is
noi 81 oour,e, meant TO he charged on
'hs hanks collectively. for there could
nj m - side field be a general con.
isAeTscy &c such q purpose. but on
thos- winch bsse taken the lead on the
oeca1on and which are ell among the
INST Ssalthy snd powerful institution,
a The kind IN the l States.
Af,sf The bigh tone adopted by the
Hlnk e The nited states. with At,
ts8n'ed large capital OF S3J 900 900
. HiEh, - expected that this at least
bas sapsd the general wreck. but q
o NJ -. The President however
81 Hidie 70 a letter 20 the Hon. J
z Aeams. which - published IN the
Nes fofk papers, undertakes, in a We
~ eissofa's afgument TO Justify the
saEFaxs q that bank also
a, the same time. with the genera
. Fpsxe & he banks, the lournal, &C.
-4sai v sih 'lUc Of their panacci
g. fapplvng tbc place 81 gold and sil
49, rsfru.a,i 100. Which - by an issue o
snsu notes a from haH dollar 10 :
aai.sTs. that - from 3 20 lbs or there
slasfs ihs Albany Journal observes
siih very amunox self. competency
~ ne bil.s q our banks are lost a,
g'rof ani note convenient than gold
- sil4ef
To Government i',eif - eyidsnu,
fisfrd 90 a great di;emms by ihss,
efea's - nothing las been done or
ihssF pAri . remedy the evil. probabl,
tsrsass TIE aitsinpt va. thought en-
tsfsiy hoPeiss'. snd that u must TAX,
sas aHu eoflfga The onIv rcrs.......