Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1839-12-12

stock bank ol great Wealth..and OetWcch winch
and the Bank % England a most violon. feeling
of animosity has prevailed Tor long time,
This Bank not only refusing to arrange for.
the exclusive circulation Of Bank Of England
notes; but the managers Oft reason against the
whole instruction Of the Bank Of England and
the monopoly olthc circulation which their os.
adjustment so unjusuy enjoys; and according
to these gentlemen Mcssrs Dyer and Smith,
has always so much abused. The position of
the Bank Of England, is, therefore, at this pc.
riod, one orycry prccarious description; sus-
pension Of cash payments being almost certain
under any circumstances, and this being At once
procptatcd by the operations ofthc joint stock
banks.
The prices to-day have been lower; EXchc.
qucr bills at a discount Of 4s,, and Bank Stock
lis l78; Exchequer Bills, however, have not
been sold at par for the last ten doyS-which
lis sure symptom Of 4 very difficult condition
ofalI monetary affairs. The fall in Bank Stock
has been 20 per cent within the last six
months.
In American securities there IS not the
slightest revival to report. The prices, where.
sales have been forced, have been ruinousIy
.low,us shown by the transactions of Yesterday,
and truly, when $4,000 OF Pennsylvania have
been disposed of at GO,l50OOO, Ohio six per
cents at "a, and q smaller amount, 10000, OF
the same stock this morning at 05t. The
shares Of the Bank Of the United States are EI9
, l0s-these beng the only American securIts
for which market can be said in reality to
Icxisr.
Respecting the operations of Mr.. Ja9don, Of
whichtho usual food Of misrepresentation and
abrications will be found in your files of the
London journals, the following is the correct
account Many months since it was proposed
Iby the body Of capitalists engaged generally in
American securities, that in order to relieve
the London market from the inundalion Of
American securities, a transfer of the amount
u Ol E8OO,UOO should be made to the house Of
Hope o. Co, OF Amsterdam, and this having been
Aayorably entertained by these wealthy bank.
crS, was about to be completed at the time Of
the unfortunate occurrence of the refusal Of
Iloltingours Of Paris to accept the bills orlhe
Bank OF the United States That occurrence.
had the effect OF banking off the negotiation
between Mr.. JauIon and the Aessrs. Hope; but
alter the fashion Of mankind in genera, no
sooner had 4lir. Jaudon succeeded in ob aiming
the recent subscriptions Tor a loan Of C8OJ,OJ0I
in London, and consequently mol iudIspensaDly
wanting the as .iStance from Amsterdam. than|
the Mcssrr5. Hope offered to reopen the ne.
Igocalion-and this being desirable, bat uosI
absolutely rcqui,,te--has uccn responded TO by i
| VI Jauduu, who has been over 10 Holland aulI
made The general arrangements with the Hes.I
SIS. Hope; but without having vet concluded
! the particular terms Of the loan.
The consent Of the King of Holland haviug|
been required by the Dutch law, has been read
lily obtained and the Mcssrs. Hone wrote ON
the 2Gth October to invite Mr.. JauIon to return
! to Amsterdam, in order to Complete the a.
arrangement Of the terms Of the loan, and tn.
securities to be deposited with the house at
Amsterdam. The loan is to be for lO,OOO,O0
OF gullderS, and probably to be for five wears,
but the time, terms, aud all other particulars.
remain unscttIed-Mc. Jaudon being on one
hand very DESTROYS Of taking up the money. in
IOrdcr to relieve the general market for Ameri.
can securities, and to strengthen himself and
his connections and friends with abundance Of
resources in the times of pressure which are
supposed to be near at hand bat not being
otherwise ina situation Of the slightest com
pulson-he does not intend to conclude The ar.
rangoment on dsaIyan,ageous terms.
The harvest Of the kingdom may be consd-
erred as concluded, and the result such as has
been for some months ioreseen. In Ireland.
the whole Of the crops are described as def.
Icient-cycnth the potatoes being inferior in quali
Ity and quantity; and Of wheat the public iour.
mails represent the crops as mot one third"
The markets have commenced to riseln London
and the principal provincial towns--the ris. IN
wheat having been about IS, per quarter since
the sailing of the Great Western. The duty.
nevertheless, has risen to l6s 3D., per quarter