Morning herald., 1839-11-04

Yesterday morning we published immense edi-
ticn Of the extra Herald containing the highly i'm
portast news received by the Great w estern, and,
long before the people went to church, had dis
tribnted many thousand copies. No other paper had
the same intelligence, nor so well digested. The
Wall street papers did not publish single extra.
OF the character OF this news il is difficult TO speak
London is precisely in the same position as New
York. The Bask Of England will not suspend-the
crops are fair-and money still scarce. Commercial
Affairs have touched bottom. but we must expect
long season Of anguor to succeed the late excite
ment. Mr.. Jaudon is overthrown and all his plans
frustrated by too great expansions As lords ofthe
cendent, the Basings will probably succeed him in
the control Of the American trade but even this is
still unsettled.
As the latest and best information on the subject
annex leuerto the evening Of the 18th Oct from
private correspondent, aad several extracts from
the Bankers Circular Of the same dste:-
Correspondence Of the Hsrsldl
LoSDoS, s o'clock, p. M. lsh Oct, 1859.
The British Queen was expected with the deepest
anxiety, for anticipaons the most gloomy prevailed
respecting the state of affairs on your side Her &C
counts we're considered much more favorable than
could have been hoped, taking all things into account
with you and in this quarter From the tenor Of
those accounts, however, safe nclusions could
be drawn, for AT the date you were ignorant Of the
disastrous fate Of the u. $. Banks bills in Paris.
where they were refused due honor by the house of
HottngHer X Co. their CORES spondenis or long date
Those bills, will by the papers have since
been duly provided for by an arrangement with the
Rethschilds.
The negotiations Of Mr. Jaudon for winding nm the
agency and retransferring IL 10 the Barngs or some
other house, have not yet been completed. Mr..
Alsop, Of the directors Of the bank is here from
Philadelphia To assist him in the business Exclu
sive Of accommodation reluctantly conceded by the
Bank of England, under guarantee from some houses
here for about E240,000 10 Mr. Jaudon, an issue Of
post notes fer about ESO0 900 has been further dc.
cided upon, in conjunction with and under the aus
pices ef several associated bankers and merchants
for the purpose OF enabling Mr. Jaudon to fulfil his
engagements falling cue in the CONNIE nc en- mt of
next month. The notes carry six per cent interest
guaranteed by deposit Of United States Bank shares
at ety-four, and portion Of Pennylyania bonds
besides. The notes 10 be at twelve months but re.
Movable to three years, then to be paid of and the
bank shares redeemed at par, which brings the ope-
ration to a rate of eight per cent interest.
AZ their weekly meeting, yesterday, the directors
Of the Bank Of England came to resolution "a mar.
their discounts, and Immediately every account
was underlined by the amount of reduction agreed
upon. They had come also to the determination of
raising the rates Of interest and discount seven per
cent but deputation OF the most eminent merchants
the utter ruin which sachs proceeding would bring ON
various great interests, especially those them
selves among the number, connected with Ame rican
affairs and Interested IN United States securities
that the resolution was abandoned, or, for the pre
sent any how. held over, Altogether, our money
dition. ff
fvrom he eBshsr' CsrcsIar, Oct Isl pa
We have before stated that Mr.. Jaudor's engage
ments for the present year amounted tn about E1,.
80OOOO Of which about E1 $50 900 was 20 be paiu In
the present month Of Ocobr the great bulk Of this