Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1839-12-12
From The N o. BuRctin, Ertr..-Qec. /.

From the ~ o. Bulletin, Ertrs.-9ec. I.
ARRIVAL OF THE BRITISH QUEEN.
The British Queen steam ship having pune
ally left the Thames at this morning, will
+, at Portsmouth al noon tomorrow, and con.
quently your latest intelligence from London
ust be to the latest hour Of this afternoon.
The state OF monetary and mercantile affairs
Is not altered for the better since your preCG.
ng accounts by the Great Western steam
ip--nor on the other hand has there been any
eat crash, OF other untoward event. The
ntinual depression and want Of confidence in
Q prospects Of general trade, prevails not in
,ndon alone, but over the whole Of the manu-
curing districts Of the north Of England; and
ough the payment Of the October dividends
had the effect Of rendering money more
ntiful on the Stock Exchange, vet the can.
lists are totally unwilling to part with their
IourceS, unless on the most uueXceptiOnabe
securities, and for very short periods Of time
argc portion Of the dividends has been rein
,tcd in the Three per cent Consos, and CON
uently all the rest rthc funds and property
the shares Of every description, have re-
ncd unstimulaed, by the addition to the
.ulalon, which has been to the amount Of
cra millions of Bank OF England notes. 1t
however, 10 be observed, that the payment
The dividends has gone off without the un-
{ al demand for gold which the directors Of
/ Bank Of England had been experimenting
some time before the payments common.
nor has there been for some days past so
4 ch aluson in the London journals, and in
y Stock Exchange, 10 the officers of the Bank
4 England, and the probability ola suspension
ayments in gold. But still the bullion is
,edingy and Increasingly low The last
ial publication Of the assets and liabilities
Nhe whole stock as I2,520, O00-whch is
more than Is, in the pound on all the iiabll-
X of the Bank
"A he foreign exchanges continue un(avora-
/ land an unceasing expectation Of silver is
tfXxy going forward to Hamburger, st Peters.
IN Gh, and Amsterdam; and the Bank Of Eng
I i& at the same time has exhausted the credit
t2 100000 with the Bank Of France. One
Y fie directors is now in Paris, for the purpose
z isegotla,ng renewal Of this credit, and il
AMEN proposed to extend the amount of credit
N t4O00,0o0; so that however large may be the
.sto the Bank Of England, by these tranSac-
it is clear that the directors are deiermin
tM least to keep open their doors, and pay in
n Nc---whilst II remains in their power to
N H1re and where the means of overcoming
ifiicuties in which the establishment is so
My involved. That the Bank can long
SsRNnue to 90 on in this manner, is not, how.
x IN generally beicyed-lor no resources, and
kertions or sacrifices can withstand the
sgkquences Of the deficiency Of the harvest
,8lIb present ycar--and as winter approaches
8Aistrustln the stability Of the Bank of Eng.
INNS almost certain to increase. The north.
n Pint stock bankers are generally believed
DESTROYS Of bringing The Bank OF England
n kiand-still, by paying in greater amount
les than the bullion which appears in the
\ WI publication of The assets--or distinct
Asal for u combination for an operation of
" description has been circulated amongst
n int stock bankers; but this is opposed on
INBOUND that, though it would be very easy
Il aein the bullion from the Bank Of England, |
y lat this would create great panic in the
4 isy, and would so derange the whole state
Numerical affairs, as to appear 10 be an i'm
EAkht operation at the present time. The
NSfr whence this movement against the
OF England is principally feared by The