The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-06-23
FOREIGN NEWS.

LATER FROM EUROPE.

ned fall IN the price of Cot,oa at Havre.-
Between the time OF the sailing of the Char.
lemagne, which arrived here on Friday,
and the sailing of the Francis, no less than
fourteen ships arrived at Havre from the
United States, ten of which were heavily
loaded with Cotton. The Formosa, which
arrived at Havre on the 22d from the u
nited States, carried out 3l3 bales OF cot
ton, making upwards of 5000 bales which
arrived in the short space OF four days.
The effect OF the arrival of this unusual
quantity of Cotton 10 so short time upon
The Cotton Market was very great as might
have been anticipated.
The political news furnished by these pa
pers is Of but little moment.
The money market is rather easier in
England. There is much speculation IN the
papers in relation TO the monetary affairs
OF this country.
Ia cotton there is but little change since
the last advices-mddling classes, howev-
er, had advanced I'd.
The English papers speak in very en-
couraging manner as TO the prospect OF a
good crop the ensuing harvest.
/, was stated on the London Exchange,
April Goth, tina. the amour, of gold RENTED
10 England from the tinted States, BY the
las, packet which had then arrived amount
Ell to nearly ESQ, 900, and that il was slnug.
gled out Of New York.
LONDON, May /.
T,eo oc!ock.-Our commercial letters
from Manchester speak ofthe manufacturers
as being in better spirits, aud considerable
purchases of cotton had been made by them
for immediate use. The sales at Liverpool
last week amounted TO IS, 900 bales, only
5000 bales Of which was On speculalor &C.
count.
To the casualties under which our com.
marce with America Is suffering has been
added one in another department OF our
trade-that with the East Indies, which is
little inferior TO IT, 10 Importance. We re.
ter to the stoppage of the eminent house ei
MarJorlbaoks and Ferrers, which has taken
place to-day, and mas added much 10 the dis
vailed, especially as this Is the second great
house in that line which has stopped during
the week. The cause generally assigned Il
the large operations IN tea aud silk, whict
have been for a lnog time past Of mos
ruinous description. TIE action of thes'
great failures on the manufacturing luteres
viii, 1t IS feared, be mlschieyous in tn,
highest degree.
London, 1griI q.
The interest taken IN the novel system, so ar a
modern times NAV %, ot Introducing species 0
state paper 10 replace. or, rather represent the un
paid DTS of the American merchants. bas not II
the slightest degree abated. And the policy o
tgis mode Of relieving the parties connected witt
Americas trade becomes hourly more questionable
We have always toubted The policy q President
Jacss9n's crusade against the Ualled Safes Bank
the frs, effect has beer to dsarrangc the whole Q
our commercial interests thu second vail be Il
throw many OF our manufacturing classes out 0
employment and create much Distress which tht
reaction upon the commercial msaey market 9th,
United States is probably very Likely to increase
There IS rot above ground IN the world one
halt, one quarter tenth OF the gold and sIl
ycr necessary 10 carry on domestic commerce ans
external stade, apoa is present scale Throughout
the earth. No one nation can even attempt L
make gold and silver the exclusive instrument O
lis domestic commerce, without deranglng trade
universally, and disturbing the happiness Of al
m4nalHd
We believe that the depression Of commerce il
Europe, indeed, every where, Is IN great degree
ascnbabie To President Jackson allowing his re
sentiment against the United States Bank to leai
him astrsy in this particular The evil has yisiter
Eurooe severely. aud il threatens 10 rscoil upol
the States themselves in still heavier calamity
Bot ont Of this evil springs the feucdy We thin
that Hr Blddc has bit upon it, and set an exam
PIC which must sooner OF l4tsr, be followed b.
every commercial state, IT America De not to en-
gross the wealth aud the commsfcs of the world
The issue Of the L. : Bank bills a. a foreign cur
reBey, is The first great step IN the emancipation
Of trade II IS true such negotiable secaritie,
were issued centuries ago, by Venice, Genoa, and
even Hamburg-but ths state Of society at The
time, and the finite resources of the states in qnes
ueu. preventing the mighty engine from prodae.
ing It's tuI effect
NeiC York, June Q.
By the Sampson, from London, va have
received papers from that city to the 9th ot
May.
The London money market on the 5if
had become much worse. The Times stat
ed that large American house had beer
obliged To ask assistance Of the Bank 0
England. The result had not transpifed
1t was followed BY similar applications froa
other firms, which, though respectable
we're not Of the same standing.
II. 4
given 10 the firm, to which We have alluded
for the temporary period q one month, %
on the representation that thcy expected /,