Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1837-06-15
FOREIGN NEWS.
SEVEN, DAYS LATER FROM
ENGLAND.
NEw York, June 9.

NEw YORK, June 9.
We have just received ny the PennsyIva.
MIA, Captain Smith, from Liverpool, our files
OF English papers.
BY this arrival wa have London dates IN
the oath. and Liverpool, 10 the 25,h of April
both inclusive. pm
The most important matter is the state ot
, ,h ,.ioney markest in England wo give
rue .a'est aruc'es we have on this subject,
no" liverpool paper Of the 25th, and Ion .
dom VI ne H4th April. The news is less
hopes being built upon the action ~ ~.
United States Bank. The latest dv;cas
from New York were Of the 81 when ,hs
nature o. the Josephs was known 70 he CON,
PieN' anu mad been followed by lha, of heavv
n4uses IN New Orleans but the crisis ~
Wv AofK and the country generally. hal
n nst 'hen been reached by long disianc.
we must still look forward. I,wiII n. o..
'hat The u. States Bank bonds issued r., -
hi.ances, were in high credit in Livern,,,i.
N"eH reception in London had not vet. b.s,
ascertained.- Com ode. "eei
NV From Tie Liverpool Times.
Inc particulars OF The most gratifying ar
engagements made by the Bank Of the United
STATES, equally Tor the accommodation of the
Ame.'csh merchants aud the trade O this
SHTU'un,'y, WIN oe found in another column.
1his ooih substitution of the un,loubtetl cred.
1t OF the Bank of the United States in ,h.
european markets, for the doubtful credit of
private hrms, has already had a wonderful
eMect IN Liverpool, and no doubt i'm Londor
Ahe fetnHtances IN these bills are az ro,d as
cash, minus the interest, and as thew ms,
az Tue end OF the periods for which The b;Iis
are drawn, be paid in cash, they will have
inc double effect of bringing specie back to
.n's country. and ofenablng the American,
70 pay their debts in the easiest manner
IN" no! The managers of the United States
auA nlI upon this plan OF payment, all
as'sonS indebted to this country, would eth
nave oeen compelled 10 remit gold imme.
crash produced by this state of tb;ngs o", a1
every ten houses possibly one misht have
oIen aote 10 scrape together gold in time
whie the remaining nine, even though soI.
vent. had failed. The Arrangement there.
Iore, though great advantage to the Anne.
Ficahs, 10 not less great TO ths merchants an,
manufacturers of England, a large norton
VI Mhom Will now obtain their debt ut on, p
me United States bills brought by the
snakesPeare and The Orpheus on SATURDAY.
are principally, II not entirely, payable al
C nS nopse o, baring& Brothers, in London.
Sonsidarable Quantities Of them bays ha..,
cold to some OF the principal Liyernool ~
ers, at the rate of e 95, Tor the 6 loo thai !.
a. .neir iuii nominal value, deductinr 1--WE
per cent; per annum for interest. II "a mo-,
improbable, from the very improving s,.,s
OF the Money Market, that thew will sbnr,lv
% soid for ESQ los. the 6 loo mr. avsa
Aso. Ihey were bough, in New Yo,k ~
seSen per cent. premium, and addiDp IN tbat
premium hve per cent. for interest !, o;ras
try. vi this cou ll-
IL would be great error to suppcse that
.he immediate consequences OF this arrange
men, are the only beneficial ones likely IN
Tesuis from il. By saving the merchants sf
america from ruin, il will save thousands n
me working classes OF England from uoxsr.
ana misery. Had the Bank of the tJn;ie,
states allowed the most extensive marie, t.
EASSiish goods to go to ruin, and al, the 40
.@o'snea commercial relations between ib.
.Wo countries to be broken up, the manufac~
.urers OF England would have received
olow from which they would not have re-.
covered for several years. Under ,hrs ar.
Iangement The demand for British goods viii,
continue steady, ifnot brisk, and in yerv
MODERATE time will regain con,iJerabIs
part OF its former activity.
pom the whole we may coporofnIats o,r
reauers on considerable Improvement in
s"e sla,e sad prospects Of trade, and ,hougb 1
lany aiihcuiiies have still to he encoun,er.
eu' ses They are less formidable thnn tha,
were few days ago, and there is ;nc,sase,
strength TO meet shem.