Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1837-07-11


health is slowly mending. She had, it
seems. placed herself under some
Homeopathic quack, who nearly killed
her.
am sorry to say that things are
growing worse in Liverpool. The
great house of Roskell, Ogden g. Co.
suspended payments on Wednesday,
and the North America (Which arrived
that night after a 10 days vovagey
brought them the means Of resunlng
business. Theyare a most respectable
tirm and their mere suspension carries
dismay into the hearts of the CONNER
clalists here.
Since my last, three other houses
have gone. These are Malcomson,
Ben q Co., Washington, Ault & Co,
Phelps, James & Co. The joint smash
is to the tune of 100000.
The result is that almost every one
is paralysed, trade is dull, and credit at
an ebb. In the various trading towns
of Lancashire and Yorkshire, the result
is the same. We have dreadful ac-
counts from each place, and failures are
taking place almost daily.
1t is feared the Bank of England
must abandon the aid it has been affor-
dingto the merchants.
There has come an account via
Havre, that the U. s. Bank declines
opening credit with the Bank of Eng
land for 100000, provided $4,000,
600 in specie be RENTED for the bills
: drawn. This declination is said to be
! only for the present, but it must have
) disastrous effects here, for the adoption
ofthe plan is the only thing which, IN
S der existing circumstances, can efectu-
ally aid our embarrassed merchants.
a There is no use in cnncealing the
] fact that American credit is at its low
, est here. The word in every ones
: mouth is, "The Americans mean to pay
? us off by general insolvency" Mean
: while the merchants of Liverpool and
London, the manufacturers Of Man
D chester, Leeds, Sheffield, Nottingham,
: Leicester, &c. positively decline ma
\ king consignments with such a scanty
/ chance of payment, and hence you will,
: this fall and next spring, run the chance
: of being with only trile of English
: manufactured produce. As an instance
, of the extreme doubt on which even
: good American paper is viewed, ] will
state an instance which occurred to
myself this week. A friend in New
s York, unable to procure a Bank of Eng
f land note for G5, sent me $25 of the
: United States Bank paper, for which,
, last year, four shillings per dollar would
; be given at any exchange office. As
5 had topay the money for my friend, l
sent to have it cashed, and was offered
"a at one place, and ga Is at anoth-
} er for what used to pass for SIS. Yet
} United States Bank paper is not badly
, thought ofhere.
In domestic matters we have had on
ly three eusntS since my last. The e.
lection of Broadwood (the piano forte
maker) as M. P. for Bridgewater, a.
gainst young Sheridan who ran away
with Miss Grant last year; Sir F. Bur
detts having made, the evening before
last flaming Tory speech against the
abolition of church rates; and Sereant
: Talfourd (author of Ion) having made
i an able speech, on Friday, in moving
: the extension of copyright Qiterary) to
6Oyears after the authors death.
We are in daily expectation of a
change of Ministry. Earl Grey and
the Duke of Richmond have been clos
I eted with the King, and the former is
! said to be anxious to resume office as
! Premier. The wings are afraid that
= Lord Durham, who is returning from
y Russia, will divide the radical wing
= union, and have a trial of his own
J strength against them. Brougham has
u written to some friend here to say that
! he will be in Office again. The Con.
/ servatives appear equally sure of a
break up in the Ministry.
a The KING is said to decline giving
y his consent for dissolution of Parlia.
. ment. His words are even reported
: thus, "My Lord Melbourne, ifyou can
not go on with this Parliament, | think
you must 60 of"
Sir Francis Head is to be created
l. a Baronet. VIII this soothe the Cana
: i
" dams.
y From France we have little news,
il save that Louis PhiIlipe's amnesty has
a. wrought wonders in his favor. He can
e now walk through Paris without fearof
s assassination. a change of ministry,
of and dissolution Of the Chambers, is
a spoke Of as another tdpis. when the
is session closes.
2 In Spain, the Carlists have been de-
feated. Hermann has been taken by the
Christinos, after a slight struggle, and
!, Fontarabia has fallen without any re-
4 4 sistance. Don Sebastian and the Car
4 lists have started for Madrid, e9eeting
a junction with Cabrera south of the
y Ebro, al things being in his favor in
q Catalonia, Valencia and Arragon.
: OuR PRoPHEsY FuLEILLED-Twoyear
! aeo General Jackson said be would civ
= the people Of the United States hard cur
. rency-No man dare say that this promis
" is not fOl6lled. J. advocate.