The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-10-16
Ffom the Courier and Enquirer.
ARRIVAL OF THE STEAM SHIP LIVER
POOL. EIGHTEEN DAYS LATER FROM


Al about eight o'clock this morning arrived the
steamship Liverpool bringing US papers from Lon
don to The Goth, and Liverpool to the Dist ult.
The letter OF our London correspondent presents
complete summary of the important commercial
and financial intelligence brought by this arrival
We have no room for present comment.
The amount of bills drawn by the Bank of the
United States protested for non-acceptance by Hot
tingeur & CO., was 100000 frs Mr.. Jaudon i'm.
mediatey repaired 10 Paris, and arranged with the
Messrs Rothschild to accept the protested bills and
all others drawn on the MessIs. Hottingenr.
The harvest Of Great Britain has unquestionably
been failure, and the crop is estimated 10 be at
least 5000, 900 quarters short.
The bu lion in the Bank VI England is estimated
at So, 500 600, and suspension OF specie payments
by that institution was confidently predicted
Correspondence of the Courier and Enquirer.
LONDON, September 29th, 1889.
The Liverpool steam ship being about TO depart
from Liverpool at an early hour tomorrow morn
ing and as no other steam ship will be in train for
New York for an unusual time after the sailing Of
the Liverpool propose TO send you the fullest latest
and the best asceraned account of the present state
of affairs in this quarter OF the world.
Preceding all other matters al the present moment
is, The unexpected and extraordinary occurrence re-
speeding the French agency Of the Bank Of The United
States
On the night of Friday last arrived in London an
express TO Mr.. Jaudon, informing him that on that
day the house of Hotlingeur the Paris agent of the
had been drawn from Philadelphia against consign-
ments OF cotton Havre de Grace and various other
ports OF France. This intelligence entirely
unexpected by Mr.. Jaudon, who though the most
prominent European agent Of the Bank of the U. s.,
has not protested any direct connection with the
Partisan agents Of the bank and consequently they
learned for the first time that the house of Hottin-
geur had come to so extraordinary determination
as refuse the bills of establishment from which
they had derived so very beneficial an interest du-
ring an agency of twenty years Setting of Instant
y for Paris, Mr.. Jaudan arrived in that capital on
Mond ~, and at once removed all The difhculties OF
the Messrs Hottingeur, BY negotiating with the
house of Rothschild, the Jewish capitalists OF so
much celebrity, and who now accept the bills Of The
Bank of the United States.
This event has been the subject Of extraordinary
excitement, both in England and in France But
the numerous enemies OF The Bank of the United
States, who both IN London and in Lancashire and
Yorkshire, were exulng in the supposed downfall
of the institution has found that, the contrary,
the result of the affair has eminenty strengthened
the credit Of the institutions all parties now agree
ing that If Mr.. Jaudon, when suddenly called upon,
could provide security for 100000 OF francs, ex-
trapeous entirely b, his own arrangements oil every
description, and could substitute the greatest capita-
lists in the whole world for the comparatively I'M
known house OF Hoingeur-hat all this must re-
dound most signally TO the credit and solid power OF
the Bank OF the United States.
The true and principal cause OF these attempts
upon the credit of the Bank of the United States is,
in my judgment, the result of long continued Sc
ries of labrcations and distortions of circumstances
in certain leading London morning newspaper,
furnished or abetted and stimulated by those who
have been hitherto its opponents, in not recovering
those interests which forfeited by their own,
imprudence alone. The outrageous quality OF these
assertions is shown by the following very recent
specimenS,-that Mr. Jaudon had received assistance
from the Bank of England which here is the most
dangerous charge which can be made against the
credit Of any mercantile or banking establishment
and that, in similar manner, the same gentleman
received the sum Of 100000 from the banking
house OF Hope Of Amsterdam. The direct answer
to these aSse rionsis that Mr. Jaudon has never re-
ceived one farthing from the Bank of England and
not one farhing from the Hopes Of Amsterdam
So far indeed from the Bank of The United States
having received assistance from the Bank of Eng
land, the Bank Of England on the contrary, may be
said TO have received assistance from the Bank OF
the United States so lar as to have imported 100000
sovereigns and TO have sold them 10 the Rank of
England at time when the bullion was reduced al
most TO nothing, Is certainly assistance" in the
true meaning OF the word and this Is the only trans
action which has passed between MIR. Jaudon and
he bank
On the subject Of the weather and harvest in Eng
land, the accounts by the Liverpool steam ship are
unfortunately TO be of the very gloomies, kind
Since the date of my letter by the Cambridge packet
ship of the 7h instant, which informed you OF the
melancholy appearance ofeverY thing on the ground
The weather has been even worse during the whole
OF the succeeding time Daily, for The last ten days
we have experienced rain in considerable quantity
during the whole OF the twenty four hours; but on
Saturday, Sunday, and Monoay last, the torrents
were greater than in any month OF September with
in the memory Of man Real summer or autumn
there has been indeed none In England and the con-
sequence is that the prospects of the harvest ire Of
the most alarming description at the present time
10 Ireland, Scotland, the higher districts of Wales
and the counties of England north Of the Humber
there is now no doubt that the crops will be deficient
al least one third and probably hail. as already
mentioned; but so green and backward in those
that without an immediate and very decided change
IN the weather, there is than the possibility tina,
marketable breadstrfs there will be absolutely none
In the more southern counties Of Essex, Sussex
and hent, there is considerable portion of the har
vest secured 10 moderately good condition; but those
counties form only small portion Of the kingdom
at large, and even there an everage crop can scarce
ly be said t. have been secured
The weather this morning is rather brighter inter-
walls, but the air is moist and the wind steady in the