The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1839-12-11
From the N. Y. Evg. Post
Late from Europe.
Arrival Of the Liverpool

evening. She lett on the 10Th ulf. and brInc
Liverpool papers Of that date, and London jour
mails Of the day previous. News of the faiiur
OF large number OF the Americas Banks reach
ed England on the 9th, and for several day
succeeding produced great excitement in th
money market. Its immediate effect was &
de(ea, the loan made by Hope Il Co., of Am
sterdam. to Mr.. Jaudon, who. however, subse
quently succeeded in borrowing the requisit
amount ia London. United States Bank stoc
instantly deprecated in p,ics from twenty t
sixteen pounds sterling.
Cotton had risen about three eights Of a pen
by since the last quotations. but the sales wer
mostly made on speculation. induced by TN
fear that the crop for the present season woul
fall short in this country. and that il would no
be brought forward until late in the season.
There had been no increase of demand in tn
manufacturing districts, in consequence Of th
protracted depression in trade.
The money affairs in England had improved
Foreign exchanges had taken a more favorable
turn. specie was gradually flowing in from the
continent, and the imporatohs Of wheat had
ceased. The bullion Of The Bank Of England
having increased to near four millions Of dol
lars, il was announced that there was no further
necessity for restrictive measures. The opin-
ions held abroad Of the commercial condition
Of this country. particularly Of the atrocious
course that has been pursued by the United
States Bank, are ably presented in the extracts
which we republish from the English prints.
Insuuections Of a serious nature have taken
place in Monmouthshire, Wales. In conse-
quence Of the lectures Of one Vincent, Char
fist delegate. secret associations were formed a
mong the miners and iron workers Of Newport
and the neighborhood, for the establishment Of
what they called the Chsrist Kingdom, On
the Sd Of November, general rising commenc-
el the mines and levels in the mountains were
deserted, and the furnaces blown out. The
from the works at Caerftly, Blackwood, Ma
chan. Risca, and other places, armed with such
weapons as they coeld procure, musken, pixies.
axes, clubs. knives, sabres and pistols, marched
in solid column upon the town Of Newport. As
they entered the street three cheers were given
for the peoples charter. aod a brisk fire com
menced on the principal hotel. Bullets and
slugs flew in all directions. The windows and
doors Of The building being soon demolished,
they proceeded through the main streets, deal
Ing destruction a, they went. when they were
met by body of troops. The firing OF the SOL
diers, was returned vigorously by the insurgents.
The mob. wedged close together 10 the street.
and the soldiers yafely ensconced above, firing
down on dense mass, the result may be easi-
~ imagined. Every shot produced a fearful
effect, and in the course Of a few minutes more
than twenty Char,ists were killed on the SPOT.
snd several others dangerously, and in many
instances moually, wounded. Finding howev-
er, from the position occupied by the military,
that certain death awaited them, they fed 10
the fields. In the course Of the sffrsy the Mayor
Of the town Was wounded. and many Of The cit
igsn. otherwise badly injured.
The leader Of this movement, a Mr.. Frost.
Who processes TO have been moral farce man
and who bad been commissioned as Justice
ed and committed to prison shortly aher bis de-
feat. Great numbers Of persons. engaged 10
the affair." have been seized. and will be prose-
cu,ed for treason at the earliest sitting OF the
courts.
There are indication, OF renewed disturbance /
in France. The accounts received froE, the
French Army in Africa, are distressing. The /
troops are perishing Of fever by hundreds, while
the sick are left without assistance or sccommo-
dation. One account says that there are more
without bed or bedding. some being placed 10
bammocks without mattresses, in which they
can neither stretch their limbs nor turn them
selves: others are lying on straw, and night
and day devoured by insects; while some. still
TOO numerous, had no other couch than the
bare ground.
BANK OF THE UNITED STATES.
LONDON, Nov. 12.-lt is understood that the |
failure Of Mr.. Biddle's Bank has put an end TO /
the negotiation for raising money in Holland, /
" hich had, indeed. but a slender chance Of sue
cess previons TO the arrival Of that intelligence.
Since the publication of the baznce-sheet by !
the agent Of Mr.. Biddle's bank there has been /
4 great dminution Of confidence in she city /
with respect to the future winding up Of its |
affairs. The general conclusion regarding il !
is. that the shareholders and the body of the |
other creditors cannot both be paid aud that
struggle for the preference will most likely a.
rise between them. This being a chartered
bank, the shareholders are not liable beyond
the amount of their interest, aud though juds-
ment may be obtained on the property in the |
United States, il would be Of little value to
creditors on this side Of the Atlantic. One pol !
icy has been pointed out 10 Mr.. Jaudon's bal |
sheet which did not strike us at first. and |
which is. that as there is in round numbers 35,- |
100000 dollars Of notes in circulation, the great
sr portion Of the bills must either be renewed
or protested bills, and consequently Of little |
value to the creditors. Some notice has also |
been taken Of the extraordinary difference in the
return Of specie in this account and the state