Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1839-10-17

are now as much out of favor as they were
before preferred by them. Since Havre be-
cnme the Liverpool Of France never was
Change in SO agi,ated a state as il has been
all this day. America is now looked on as
bankrupt once more.
From the Loudon Times OF Sept. 20.
II is generally believed in the city this al
ternoon, that the house oi Rothschlld IN IA
ris will Interfere to cover The drafts OF the
United States Bank on Messrs. lIottlnguer
& Co. The current version OF the transac-
lt,oD most accredited, for there are several
afloat. is, that of the whole amount of these
DRIFTS. which is G2000O0 francs, or about
e2iS 600, the amount of 100000 had been
accepted for honor Of third parties, and that
the remaining amount Of ElSS 900 had been,
or would be, accepted by Messrs. Rothschild,
Of course under security given. Nothing H.
as yet, however, certainly known Oh the sub
lject.
[From the Morning Post Of Sept. 90.
The information we were enabled to give
yesterday with respect To the movements OF
Mr.. Jaudon ct Paris, will have prepared our
readers for the result we have now to com
municate. II appears that the bills, which
the United States Bank has drawn for seven
millions Of francs on Messrs. HottiDguer d
Co, Of Paris and Havre, but which these gen.
tlelncn did not feel warranted, III justice to
themselves, to accept. will be provided for al
maturity by MessrS. Ro,hschild and Sons, 10
whom the agencies have been transierrcd.-
\ II has been rumourcd thattbey will likewise
undertake the agency of the bank IN this
country, on the retirement OF Mr.. Juadon.
This requires confirmation. 1t is well
known that arrangements were in progress
for again placing the account In the hands OF
Messrs. Bring Brothers e. Co., but that they
were never completed, in consequence OF
certain conditions exacted by that eminent
firm as indispensable for their guidance and
security, and to which the United States
Bank had neither acceded nor the contrary,
the determination of the President having
never been declared upon the subject. Mes
sra. Barring Brothers S Co. have doubtless
expressed their disapprobaton OF an unllmi-
ted issue OF post.notes, or possibly declared
themselves to the effect that this novel medi-
um Of remittance should be discontinued en-
trely. II such be the fact we are OF opinion
tina, Messrs Barring {; Co. have done no more
than was dictated by proper sense OF Pru-
dence. and no more Than it was incumbent
upon them 10 do, as d house to which, from
its high character and long standing, the
whole of the commercial world are apt to
look ns a precedent and beacon.
| We are unable TO say any thing conclusive
as to the London agency at present. but
should the matter turn out TO be as has been.
this afternoon reported we should hope, on
every account, that Messieurs Rothschild
have observed an equal caution. We are
the less disposed to believe that any thing
positive can be known upon the subject, as
the appointment Of Mr.. Juadon's successor
or SUCCESSORS in London may be presumed
not to rest with himself. BE the event AS 1t
may, there can be no question but the Phila-
delphia Bank will be compelled henceforIh
to pursue very different system from that
which it has pursued since the failure Of the
three great English houses, otherwise it may
in the end fall into the same difficulties that
they did. If the President Of the establish
ment had only sent specie to take up his
drafts TO the extent proposed, and which it
was as much his duty to do as 1t is that OF
the Bank OF England to pay its notes in gold,
the in,crpositlon of Messrs. Rothschlld and
Sons, i'll order to give protection to his sig
unnecessary.
Il 1t seems a little too much that foreign
bank should be planted permanently among
us, to interfere with the proper functions o'
| our own national bank, and to maintain al
Injurious monopoly Of foreign imports. Per
haps the interference Of Messrs Rothschlld
g. Sons is to be confined TO the duty of wind
Il ing up the affairs of the United States Bank
H. .t,ata, ,l,ttn . a
American cottons and American stocks oi oil
kinds, and, as there is no longer any demand
for either, we do not see what else they can
have to do. Mr.. Juadon is understood to
have returned to town in the course Of The
afternoon.
The current rate Of interes. in the discount
market is 5 4 to 6 per cent. per annum.-
There is but little activity in the commercial
walks, and there is consequently by no means
an extensive demand tor accommodation.
BoURsF, Four o'cLoCK.-Thc timely in
terventIon of the house of Ro,hscMld has in
duced NJ. Hottnguer, the banker, at last &c
accept the bills Of the United States Bank
H AT the opening Of the Bourse, business wa:
( rather fiat and money difficult to be obtained
but in the course of the day some extensiv,
| purchases gave an impetus to the market
! The Five per Cents, were not quoted for th'
end Of the month, but were done for cash a
ll0E 60c. The Three per Cents, closed al
s0i. &c. for cash, and Slf I0c. for account.
The Spanish Actives were still the great
object for speculation they opened at 81
and closed at 33 rs. The Portuguese Funds
improved slightly, and closed at &c rs.
From the Liverpool Chronicle OF Sept. IL.
THE HARVEST.
EnoLand.