Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-05
EGE EEas u.
(Fron, m. ~ YORK Ere. Past


EIGHT DAYS LATER FROM EUROPE
Nrw YonK 30 The packet ship. lndepe nd'nce
Captain Nyp which sailed from LiverPonl on Inc E9'h
September brings intelligence from Lirerpool as a'e
The evening oil the 2Sth, and lfom LONDON 'ne gay
previous
The weather in England, for ten days prior to The
departure Of the Independence had ben generally Ia
vnrabe The harvest, and the anticipation was mat le
crops would shortly he gathered without sustaining any
u Their damage In The money market, me movements
o. rabc importance Alter the hrssrs Rolhs
chilh had undertaken TO accept The bills oi me " D
Bank refused BY HollIngu'r and Co., when de'efml
nslion was Immediately transmitted by telegraph, 10
LYONS Bordeaux and Marseilles the bank became IN
y6Iyed in great difficulties in London The accounts
received from the U S shelving decline IN the prices
OF its stock together with the refusal OF ts correspond
ents in Amsterdam. TO negotiate small oan compelled
il 10 rssoii for assistance the BANK oil England Inc
pressure the London money market was more severe
than il has bee many weeks eight per cent being the
interest commonly paid on the best securities Tor SNORT
periods II the current report that the Chief sub
ec Of discussion al the last sitting of the directors o
the Bank Of England was The policy Of raising The rate
of interest per cent per annum, or The aterna
tive Of issuing one and Two pound notes, under Inc
sanction of The council The official returns OF the
export of bullion from The 10Th to the 25th September
are gold coin 1000 OF; bars o2G oz and silver bars
$3.50 OF
LosDoY, Sept 26-The city has been occupied To-
day with various reports respecting new measures at he
Bank for the further contraction OF the crcuat"n anu
funds They did not, however, lead to any public an
nouncemen, on the subject Other rumors were and
these supposed not to be without ioundaton mat
application for assistance had been made 10 the Bank on
England by the agent OF the u. ). Bank, winch mao
produced very lively discussion in the Bank parlor
where The inconsistency Of any interference IN the al
fairs of an institution of English origin and whose se
curlies could scarcely be Of the legitimate banking Glass;
very strongly urged.
The result OF the application has however, according
TO the best version of it, been favorable but under guar
from third parties, and with limitation OF time
in the first instance till the arrival OF the Great western
steam packet from New York, which is expected will
bring remitta Of he proper quality and OF
fcenl to existing engagements. There Is an ac-
count in circulation which in part differs from thls ny
~ as 10 afford the chance Of other arrivals besides that
of the Great Western aud even allow time, II necessa
~, to de .palch vessel IL New York. The sum on
piled for is either 25O0O0l goo vR, for both
have beea nrrnri"ned
the U S Bank, nothing has lranspired beyond the ret
Grafton OF the that they have been accepted
by Messrs Rothschd, but no explanation has yet been
;::cH &c The manner in which this is arranged or Of
the security by which those accepances have been co
vered. The claims forthcoming here on the agent
Of the u Bank Of course wholly distinct from
those in Paris, and said 10 arise chiefly ont oil posi-
notes and bills Of exchange which have been Circulated
by that bank through lis enormous business nearly all
over the world 3he whole Of them payable at the
agency in London.
This affair may possibly end well, but it has caused
mean time and will do I'LL 1t disposed Of great
disouet all over The city The great sales Of stock which
took place in the of the day, and which produced
the decline in the funds, have been ascribed TO some
knowlege of the intended application 10 The Bank
third version Of the nature Of the advance 10 the U
S. Bank is that it will take place 10 Consois the sale of
which, therefore, will necessarily follow at once and
create further additional pressure on The money mar
ket.
LosooS Sept 27.-The depression which took place
yesterday afternoon in the money market was The re-
suit Of several large sales made by Spectators under
the expectation that the directors of the Bank OF Eng
land about 10 raise the rate Of discount from TO
per cent As no such notice was issued, the market
this morning for oil of English stock haSimproved
slightly. Money however is still extremely scarce: 1t
is worth from 10 TO ~ per cent on the Stock Exchange
LoSDos Friday Evening, Sept. 2.-lhe e1raord
of the United States Bank to the Bank Of England for
almost exclusive attention TO day
II now appears that the immediate necessity, tor
such interference hos arisen from the objection OF The
house of Hope & Co of Amsterdam, TO continue The