True American. [volume] (New Orleans [La.]) 1835-18??, 1839-10-01
From the N. Y. Journal of Commerce.

From the N. Y. Journal of Commerce.
NINE DAYS LATER FROM EUROPE.
The steamship British Queen, Capt. Roberts. has
lust arrived bringing us London papers 10 the Cd ns
inclusive The dates from Live pool TO the
ming of Aug. 3lst
Mr.Porlert Thompson was soon to leave England, to
assume the gorernorship the Canadas. -.
The Northern Bank Of England was dissoyed by
vote OF The popriet"rs, Augu, 18th. The outlines Of
mitte,l 10 the meeting
= dreadful at1tay lad occurred at Egham, Angus,
2't', between party Of soldiers and tile 'himblr-Iis
gang. Twelve soldiers, no were left behind after tho
body Ind retired, wcr. severely beaten 1t does ap
pear that any lives were lost
Tho weather had been very fine, and the crops
coming in well. Wheat had been Is per quarter. This
is considered good news by the know ing ones.
The british Queen brings s0J passengers including
servants.
Atvires from Bombay to til. 4tl of Jrly are vora.
bic 10 the British troops in Aishanistan. No OPPOSE
ton from Dost AIalomined was anticipated.
LONDON, Aug. 81.
There is no new feature. in the money make Money
continues very scnIcc indeed and discounts high
people on their bills have pay much Is per
cent discount I he rates private bankers hills have
been 81 t" cent, and those joint stock hank bills
tot per cent amongst the bill brokers.
August 3lst.-1ll. scarcity of money ut the stock
exchange Inns increased. and an uneasy feeling prevails
alt over the city Such shock us the funds have
had to sustain, has moi been experienced for very long
Time and is I" be traced in gre sure. as was gem
orally antciputed to the clumsy manner in which the
late conyels n Of Exchequer hills has hecn canied
ptIuIlC instead OF hclnE sustained
has hean injury hy il. The murkc, is loaded with
stock under scarcity Of money, of the fea-
lures nich can present ITSELF All the shnres Of the
conversion taken by the jo'ers aud specnlators has
been itten ~, and the greater portion Of rroay
delivered. That subscribed for by the bank has not
heen written up: it is undcrsooh till within this day
two but The market is now threatened with TINT ndi.
honnl weight upon il, the broker who usually acts for
the hank having 20 day snld very largely.
why they have hsen so late in completing the pay.
ments on their subscription is mnter which requires
s,or, ,ltu,, a.
at the time the amount they subscribed in ExchrQuer
bills, TO put them in and take the discount. The delay
has renewed the suspicion which expressed FIRST
that they then held Exc quer bills but were used
Us the decoy to the other PARTIES in the business,
obtaining hills afterwards from The treasury far the pur
pose of cnmps ting the subscription. The operation
must, besides, be considerable loss to them, owing TO
the fall in the stock, md espe nllv il they persist as
they seem now inclined to do in otf,ring any further
amnunt.ior sale.
The prevalent impression is that they must do So and
dispose gradually othe whole of the E5OoO Cunsnls
produced hy the conversion, the only of cal
sing the violent action in the circulation which they
no" hold to he Indispensable. With respect their
own loss that will be among the charges hch the Iii.
rct0rs Will have TO answer AT the approaching meeting
OF pruErcto,s hu, those who have been led by their ex
ample n'o the conversion ill suffer more Inconvenience
and may justly rcproach item for " hat hns occurred
1T would he wrong to infer from the grea, pressure ut
the stock exchange TINT aa,ters internally worse
N the commercial discount narke. They were near.
ly as bad there before they well could be- especially
with regard TO second and third bills which are a6
soluiey at the mercy cf the money dealers The trans
actions in the funds are now merely brought u uni
formy with them.
The day has been altogether gloomy for the English
stock market. The extensive sales of consols above
referred to, depressed Interpretations 80 3-8 for
money! and 10 l8 seIIers for accoun being fall So
per cent from yesterday. Exch-que, hills fell from A.
to Is. preu bank stock to 1873 to.4 India stock 247
to 8.
AUGUST 3lst
The directors of the Bank of England have been as
much possible ubridging the resources of the dis
count houses in town, in consequence of having found
that has been chiefly though that medium Tint the
JOINT stnc banks have hitherto obtained accommodation
and the object Of the hunk is to depress the price of
mod ties, and hitherto their efforts have been chiefly
coune,acted by the credit and Resources of tbs joint
sto' banks OF the provinces Money is ire diff.
cult in the metropolis than it has been for The last three
weeks, but " Thin the last few days there ure evident
symptoms OF the pressure extending with more severity
than has hitherto done the manufacturing districts
LONDON, Sept. 9. The Paris papers of Friday
have reached u.s. but are obstinate of news Thcy
almost unanimously laugh in dorisoH at those pas
sagcs in the queens Speech on closing the scs
sion Of parliament, which spokcof the friendly union
of the two countries, France andEn gland and genc
rally speaking, manifest increasing rancour against
this country They snecringly anticipate tho grant
of ano' her pension of Dos week to the new VIC
tim Of French vivacty, the British, seaman wounds
ed on board the Spider packet at Monte Vidco.
The Bell Puulc tiigate sailed from Tuuon for
the Lcvant on the 27tn ult.
The Augsburg Gnzctc of the Goth ult publishes
le tier, dated frontiers of Turkey 10Th, mention.
ing that tho European Ambassadors had been
dismaycG by the announcement Of Mehcmet Airs
determination to disarm the Ottoman fleet, as thew
felt that it was rusc of the Viccroy 10 avo &C.
qulcscng in the demand of the united powers for
its esti,u,on, at least to gain time. 1t does not
appear frcm this letter that tina BRUSH and French
squadrors were to be employed in wrestling by force
the urkish fleet from the Iacha but hat The aon
n lar