Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-06-03
Importa nt--Sevcn days later.

We have at last important accounts by the Penn
svyana to the 25th from Liverpool, and oath from
London. Things wear favorable aspect. The fol-
Lowing are the accounts.
Liverpool April 25ih-During the last week, there
has been extensive failures amongst the hoiders
of Cotton and other articles Of deprecated produce
The dead loss has been fnghtfu All the failures ioi
the last fortnight have arisen from this cause
The Sheffield trade suffered considerably, pua ~.
n the extent of many others The table KNIFE trade
suffered most. ; a. Con
The plague on the Zoth uit was 'ea7
stantinople. ,,L,, - nroduce
Al Manchester the pressure had begun 70 piouSoII
ser,ons difYicutes A mob for several days paradeu
the streets and demanded bread OF me shop heepe's'
which in most cases was gwen tncEi.
Tbo particulars of the most gratifying arrange
,oen,s made by the Bank of the United Stat equai
Nv for the accommodation of the American merchants
and Inc trade of this country, will be found IN aho
ther column. This bold substitution Of the I'M
doubed credit of the Bank of the United States, IN
the European markets. for the doubtful creds OF pr
yate firms has already had wonderful erect IN Ii
yerpoo and no doubt in London. The rensttances
in these bills good as cash, minus the interest,
and as they must, the end OF the PERIODS for
which the bills drawn be paid in cash, they viii
have the double effect of bringing specie back TO TINS
c .uniry and OF enabling The Amerlcans 10 pay theI
deb's in the cas- est manner.
Had not the managers of that 9" never sufficiently
IN he ylfcd monster" of the Jackson men, the u
niied States Bank, hltupon this plan OF payments all
persons indebted 10 this country would either nave
been compelled 10 remit gold Immediately or TO have
failed. In the ruinous crash produced by tins state
of things out Of every houses possibly one might
have been able to scrape together goid ~ uhie WINE
the remaining nine, even though solvent, mad iaed
The arrangement therefore though great advan-
tape TO the Americans is not less great to the mer
chants and manufacturers of England, large por-
lion of whom will now obtain their debt at once
The United States bills brought by the Shakespeare
and the Orpheus Saturday, are PRINCIPALLY, II mol
entirely payable at the house OF Barring Brothers. IN
London. Considerable quantities OF them have been
sold 10 some Of the principal Liverpool bankers, al
the rate of $751; for the 00 that IS at Their full no
ninal value, deducting five per cent per annnm for
interest 1t is not improbable, from me very impro
wing state of the money market that they Will shortly
be sold for 95L lOS the lOOL, or even 9bL lhey
were bought in New York al seven per cent pre-
MUM, and adding TO that premium FIVE per cent for
interest," gives course Of exchange OF ll2L on this
country.
1t would be great error TO suppose that the imme-
date consequences of this arrangement the only
beneficial likely 10 result from II. BY saving the
merchants Of America from rum II will save thousands
OF the working classes of England from poverty and
misery. Had the Bank Of the United States allowed
the most extensive market for English goods to go TO
ruin and all the established commercial relations be.
tween the countries 10 be broken up, the manu-
facturers Of England would have received a blow
from which they would not have recovered for
raj years. Under this arrangement the demand for
British goods will continue steady, If not brisk, and in
a very moderate time will regain considerable part
Upon the whole we may congratulate our readers
on a considerable improvement in the state and
prospects of trade and though many difficulties have
still 10 be encountered yet they are less formidable
Than they were few days ago, and there is ncreas-
ed strength 10 meet them
LoSpoS, April 24.-The Paris papers Of Saturday
have reached US by the ordinary express. They are
destitute of news of Importance.
The renewed general discussion of the supplies re-
uuired for Algiers in the Chamber OF Deputies on
NJ.
Thiers advocated the redemption OF the French occu-
patton Of Africa 10 Aleers, Bona, and Gran, :" The
holding Of which wosld insure 10 France the guar
danship, nay, almost the possession OF the Medlter
ranean and which would, in the event OF war, secare
10 her enormous power" Nj. De Lamartine contend
ed for civil instead of a military government Of the
colony, and ultimately declared that he would vote
against the supply demanded for new expedition
against Constantine The Chamber then adjourned.
Leaving this question aside for the moment, the
opposition journalists directed their attention on Sat
urday to The demands made OF the Chambers, Of an
additional million per anDum for the Duke OF Orleans,
Of a million in hand for outfit and for olnture Of
300 600 francs for his Royal HIehness intended con-
sori contendng that the discussion fixed for Satnr-
day. had been 50 hurried on, lest the country should,
IN the case Of the appanage demanded Tor the Duke
de Ncmours declare its hostility 10 the measure, and
compel its withdrawal.
The proceedings in the trial of the assassin Mes
nler and his (alleged) 'accomplces Lavanx and La
Gaze before the Court of Peers, were, Friday
ing adjourned over 10 Saturday, which day Cat
noon) they were resumed
The foreign news contained IN the papers before MS
is also Rnimportant Letters from Vienna, dated the
18th instant stated that the Archdukc PalatIne was
once more declared TO be in danger. Accounts from
Constantinople the 18th ul stated that CONNER
cia distress in that city was increasing. French
house had failed for large sum. Frederick Charles,
relgnaQ Prince OF the house Of Sayn Witgenstein
Hohens ten. died the 9Th instant, aged ", in the
i2d year of his reign after long and severe suffering
from dropsy in the chest. A shock Of an earth
quake was felt in Of the cities Of Switzerland on
the night OF tbs 10Th inst.
A paragraph in the Venetian Gascile, of the 18th
instant states that dreadful fire broke out OF
the principal warehouses Of Trieste the night Of the
lltA and 18th, which had caused the loss OF some
lives and property 10 the amount Of several millions.
The last accounts from Athens dated the 10Th uli,
received in Smyrna the 26th, stated that since
Count Armanspergs departure, the influence of
England in Greece has fallen 10 the lowest point
Tn British Ambassador, Mr.. Lyons, - represented
az exceedingly Disconnected and had was said,
threatened 10 withhold the payment Of the third in
stalrnent Of the loan The Royal decree, dispensing
with knowledge ofthe German language by the pub.
nc funcuonaries, had gwen great satisfact The
National party, who already INDUCED in the hope OF
seeing tits dsl ColettT recalled from Paris and
placed nj the head Of the Home Department The
difficulties started by the Catholics OF Naxos had been
arranged.
MoSEv MAasrT, Saturday Erening. -it becomes
every day clear that tho state and prospects OF
our money market depend upon the news from Anne
rca and that appearances constantly change here as