Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-08-12
MORNING HER AID.
SATURDAY, AUGUST ~. 1897.
Later from Europe.

II arshal, the other by the ouiiy, CdPe A-'es' -
hsse arrivals we have no later accounts rom rars OF
I.ondon. Some fresh items are gwen below whlch
I he as much as the loaers of Wall street will give
m twice the space. Cotton IS brisk IN navre-auii
m Liverpool. Victoria the Queen, is getting fairer
and fater every day. her malestyis really pretty
p1rl, God bless her-f not God pity her.
The crops throughout Eng land are spoken OF as be-
ing The finest the most luxuriant, ever remembered.
yrea, increase in the staples Of life win be the conse-
suuence Wheat and potatoes, particularly, promise
most extensive crops.
The weather has been very fine for a considerable
period and thus brought vegetation of perec
zion scarcely known before.
The fire at Liverpool reported in last, incon
siderable 1t confined the three upper of
fhe building in hich it broke In the lower part
pfhe warehouse $40 bales of GOTTEN belonging to
Acssrs. Mellor Provost X Co. 1t got out how
ever, without being damaged.
Business in the manufacturing is upon the adj
Prospects brghtening-a young Queen
delightful weaher-and fine crops-seem to have given
The people generally impetus. They are forgetting
their troubles and rsoving the goahead principle
On the night of the 22d, part of the 9Th battalion
Of Biscay was surprised by division OF Espartero in
ahe neighborhood of Larraga, and made prisoners.
On the 2lst June a clerk of the Berlin Post Office
who was endeavoring to get to England by means OF
a false passport, was arrested at Hamburg sum
of from go to 10 thousand nix dollars in gold and in
notes which he had distracted from the post Office
cash box was found in his possession.
We learn from Champagne, that the vines were
not more forward in May than they in February;
but that the genial heats of this month have in some
restored them; and there IS promise of an
abundant vintage
The brig Dueouedic has just arrived Som the LIE.
want bringing the beautifully seuptursd Gates of
Rhodes, which are intended for the Partisan Museum
aOf Antiquities.
The accounts from Spain are, on the whole, more
favorable for the Queen.
The King of Belgium was expected at Neuilly on
The I'd July.
j, The Chorts says-"The spirit in which the num-
opal elections proceed is Of the best description. In
places where the opposition have succeeded in return
ing some one of their candidates, they have taken
to choose men who are interested in preserving
order either by their fortune their position in soce
~. In short II IS evident that the municipal cOun
ss will be much arnellorated by the result of the
elections of 1897.
We had last week. the pleasure of stating that the
Directors of the Bank of England had unanimously
ngrced to sustain the house Of Messrs William and
James Brown q Co.. which, like most of the houses
engaged in the trade to the United States, had expe
nsnced temporary embarrassment, from not having
received the remlttances on which they had relied to
enable them TO meet their engagements. The ar
Engagements have great and general satisfaction. Its
influence Immediately felt in the partial revival
of confdence and in the restoration of activity the
Cotton Ma 1. That influence continues 10 be felt
sensible aprovement in trade, particularly in the
cotton trade, having taken place.
Some writers of what are called "City Articles"
N the morning papers, arguing from the alleged
abandonment Of the Messrs. Wildes Il Co.. by the
Directors Of the Bank Of England, who, it was said
had agreed to carry that house through its difficulties
express doubts with regard to the permanence of the
arrangement which the directors have entered into
with Messrs. VIM and Jas. Brown and Co. At least
they seem to be OF opnien that either the bank d.
Toctors or the house in question ought to make some
announcement of the nature and the extent of the
arrangement entertd into between them, that the
mind of the commercial world may be assured of It's
suciency TO enable the parties TO all their en-
gagemens. Now, without pretending TO know more
about the arrangement than well informed mercantile
men know about it, may state for the satisfaction
of the writers in question: that the directors Of the
Bank of England when the application for assistance
was made to them, resolved 10 advance the amount
that might be required TO meet the engagements and
the Liabilities of the Liverpool house Of Messrs VIM
and Jas. Brown and Co. to the 3lst of December
next, those gentlemen undertaking to furnish the
bank with adequate securities and sufficient guaran-
tees TO repay that institution for any advances the
directors might be called make on their behalf
The securities and the guarantees required have been
furnished TO the bank they than cover all the
Messrs Browns engagements and liabilities up to
the 3lst December next So that all the liabilities of
the firm for acceptances, book debts, and endorse
1nents are as certain to be paid, they become due,
ms N the parties TO whom the house indebted had
the money now in their cash boxes.
As we are on the subject of the affairs Of this emf
nsnt house, we may take the opportunity to mention
that notwithstanding the magnitude Of the engage
der on American accoant, they did not anticipate any
great Inconvenience until the arrival of the packet of
the 9Th ult, bringing them account of the general
prostraion Of credit in the United States followed by
subsequent advces by the packet Of the 18Th advis
asg the suspension Of specie on the part of
the banks and the mpossblliiy Of sending funds
forward TO meet English engagements. Under these
circumstances, they at once determined to apply TO
Tho Bank of England for temporary loan on stock,
real estate, and other securities The application was
most promptly and most literally met by the Direc-
iors resolving unanimously, TO hold the disposal Of
the Messrs Brown all the funds that might be required
TO meet every engagement their house uader up TO
the 3lst of December. Their foreign bills will be
mostly paid in few days; and their present inland
acoeptances will be nearly liqudated in the month Of
September.
From this statement il appears, therefore that on
The part the Bank of England the full and
complete the Directors quite satisfied with the
resources Of Messrs. VIM. and Jas. Brown Il CO.
and the Bank may be said TO be The suarantee of the
rm Tor all payments, in this country to the period
before ACKNOWLEDGEMENTS Albion.
The London correspondent Of the Liverpool Jour-
nal under date Of Both Juns, sayss-
line quantity OF business hurried thrUux} st present
- immense. Bills are forwarded with railway cele-
nty and every thing declares that honorable mem
bers ere ANXIOUS 10 present themselves a non as
IA h.