Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1839-10-17

ruin Hes between tDcm.
A miracle almost has saved the city from a ten
fold loss. The 6remsn we're fatigued when the
last fire broke out, and many Of them we're detained
up town when their services were most needed else
where. The force was therefore divided. Many
had gone on TO Philadelphia, and many were in
BROOKLYN; and the hard service here weakened the
exertions Of the few who were left Much OF the
shipping IN port, and many OF the squares on Pearl
S.yeet and Maiden Lane, would certainly have been
DESTROYED bad there been the least wind. As il
was, some Of the shipping was hauled off into the
stream from the vicinity of Burlipg Slip. | shall
be able to sift the news by tomorrow, and viii ibien
send you a more particular and authentic account.
How the fire originated is still a SUI ject OF inquiry.
Fortunately no lives have been lost.
ARRIVAL OF THE LIVERPOOL.
New YORK. October 10.
The suspension of The Philadelphia bant.s and
the arrival Of The Liverpool, which came in this
morning, create a profound sensation Wall street
and its purlieus abound with people. Never was
there more news thnn now
The rumor Of the intended suspension OF the PHI
ladelplia banks broke in upon Us yesterday, and
when the Branch Of the Philadelphia United States
Bank here refused to pay lis post notes due here,
and to receive Philadelphia bank notes, the rumor
was strengthened, but the fact was not settled till
midnight, when the mail arrived, at which hour
many persons were up, waiting for the Pbiiadel-
phia newspapers. In the mean time, during the
evening, many OF the bank officers here we're called
to a convention at the mansion of the Hon. CoRNE-
LIUs w. LAwRENcE, where they resolved not to
think Of suspending, and to stand by each other to
the last-which resolution they are manfully carry
ing out to. day.
Bad as this news was for New York-nnd it is
bad enough-woise, il possible, soon came by the
steamship, announcing the dishonor OF the bills OF
the Philadelphia Unted States Bank by the house
of HorTISGUER a. Co., Of Paris; the difficulties Of
JAupoN in England I; the bad weather in England,
Ireland, and Scotland the consequent unpromising
state Of the crops; the total annihilation of all pros
pect for disposing OF American securities; nothing
favorable in the money market, or among the man
ulactories that work off our cotton. This news all
adds to the hurly-burly of the day, and furnishes
matter enough for the country 10 talk of for months
The amount of bills dishonored or rot accepted
by HorTISsuER & CO., is, as stated, about a quar-
ter of a million sterling. OF what was the cause
of this dishonor we have no satisfactory explans-
iion, but the fall in cotton and the non-availability
of American stocks led to it probably. The fact
produced great sensation in Paris, HAVE, London,
and Liverpool. As soon as Mr.. JAUDoN heard of
it, he left London for Paris. and rumors in the En-.
glish papers, and letters received here, positively
state that he has been able to make some arrange
msnt with the house of ItoTHsCHtLD in Paris, so
that no bills will come back to the United States.
This last piece Of news, which there is reason to
believe, is very agreeable TO the Public here, as the
return OF these bills would but add to the common
calamity.
There is hardly a promise OF an average crop in
England. The weather has been very bad. and in
Scotland. the North Of England, and ireland, the
rain has fallen almost necessarily. Wheat has con.
sequently gone up in England ard France, and il
bears such prices now as win allow an expectation
OF American flour, ii the market is not made too
buoyant here. This had weather, so long continu-
ed, has a depressing effect upon the London money
market, and il can hardly be said there is any re-
lief from the pressure. Interest is as high as ever.
1t not higher. American stocks have not even a
price.
FRANCE hos acknowledged the independence of
TExAs, as is stated in all the Paris papers.
Dos CARLOS party in Spain is wholly defeated,
and he has fled 10 France, and was on his way to
Paris. This has been brought about, the Oppose
ton in England and France say, by money working
with one Of his Generals. What The French Gov.
ernment will do with him, or for him, i. now a mat.
ter Of some controversy in the Paris journals. 1t il
fortunate, no matter how it was brought about, that
the horrible civil war in Spain is coming to an end,
In FRANCE there bad been some riots on account
OF the high price Of coin, but they were not serious
Paris was tranquil.
The negotiations with MEHEMEr ALI for the sur
render of the Ottoman fleet were going on, hnt there
was no d~eaoHement by the last dates from the East
The European Powers, however, ceased to have
any apprehension Of general war.
Cotton was a little lower Than by the last edvices
and the tendency Of the market was downwatds.
A widely extended conspiracy is said to have
heen discovered in a Russian corps on its march L
PolaHd. Five hundred officers were arrested a
once, it is stated, and two hundred were confined
in the dungeons AZ Warsaw. The object of The con
spifators was to seize a number Of fortresses ia Pc
/ faAl aAI ett.,-t h. a, -. --- "
while o large portion Of tho Russian armies wal EN-
ployed al the grand review at Borodino.
HAT past Mrce,-The excitement in Wall stree
and its suburbs is prolonged; but the banks hsv
bravely stood the run which has been made upul
them. On comparing accounts yesterday, the
found they had "a 1000, 900 Of specie in their vaults
| and, unless their large depositors draw upon then
$ men who seem to be most interested in their sol
vency-it is hardly possible for the Public, even
disposed, to drive them to a suspension. The
D hold then heads high, pay out cheerfully. and eve
discount some, and it is the general opinion tina
a they will weather lhe storm. Stocks to-day hav
filien, hut not so much as was TO he expected. III
United States Bank stock has been disposed Of a
SO. After al, there IS 90 great panic.
Mr.. WEBSTER returns in the Liverpool nN
. time. The Governor General OF Canada has sale
: in the Pique frieate for Quebec. General HAMrI
y roS was a pass niger IN the Liverpool also MI
i NoLrE and Professor TUCKER.
ARBITRATION ETwEEN THE U. STATES AN
i MExlco.-lt is asserted that NJ. do Renuc, Pru!
i sian minister 10 the United States. and now at Be
lin, ia to be the arbitrator under the king of Prussit
TO adjudicate the differences between the Unite
h States and Mexico.
SwITzERLAND.-A revolution has been carrie
V into effect in the Canton of ZuIich-resulting in ii
overthrow and expulsion Of tho Executive an
Grand Councils. The trouble was Of a religion
character, and commenced in the appointment
" Professor Strauss to The chair Of Theology, his Opt
N ons being considered hoterodox.