The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-11-02
From The Nep York Courier, oct. 30.
LATER FROM ENGLAND.

The Liverpool packet ship INDEPENDENTS, Capt
Nye, anchored of the bar last night and this morn
ing we have received our papers by her, which are
to the evening Of the 18th from London and Liver
The letter we give below from our London cor
respondent, embraces the principal items Of nelli-
gence but 1t is dated on the Oath he regular day
of sailing Of the Independence was the 25th) and
as we have papers four days later it is necessary
should make some slight addition 10 lis contents
That the bills of the u. S. Bank on Messrs Hot
tinguer & Co. had been accepted BY Messrs Roths-
chid's, as is stated by our correspondent there can
not be doubt. The fact was officially published in
the Monteur, and transmitted TO Lyons Bordeaux,
and Marseilles; but il appears notwithstanding, that
on the Both September, MIR Jaudon, as agent OF the
Bank of the United States, was compelled TO make
an application 10 the Bank OF England for loan,
which was granted him under The guarantee OF
Messrs. Barring, Morrison, Denson and Hall, TO the
amount of fl00 600 sterling, payable in Consois.
The claim which this sum is to meet is entirely
independent of the Paris affair, and is stated 10 be
for the payment Of post notes and bills Of exchange
To the latest hour, the accounts of the weather
are decidedly unfavorabe TO the crops OF grain, and
suspension OF specie payments by the Bank OF Eng
land of course becomes more probable.
There is no very important feature in the news
from the Continent, unless il be the apprehended
scarcity OF grain in France. ="
Correspondence o. the Courier and Enquirer.
LONDON, Sept Gath. (Tuesday,) 1889.
Since the departure Of the Liverpool steamship,
in connection with the Bank Of the United States,
has settled down into perfect calm. To the great
satisfaction OF the merchants both Of England and
France The MeSsrs. Rothschild now regularly act
for the Bank Of the United States.
The weather, since our accounts by the Liverpool
has been again unfavorabe, with the exception of
Yesterday; but at night the rain recommended and
continued until IL o'clock to-day. The afternoon
has been bright and warm-bu the wind being still
in the south and southwest, it is not probable that
the present sunshine will last until the return of
night The corn market al Mark Lane on Monday
advanced Is per qurr on the prices OF Friday but
at the market this morning, so extravaganza were the
prices demanded BY the parties, that nothing could
be purchased by the millers excepting for the imme-
diae wants OF the day. .... ...
The state OF the money market remains unchang.
ed The suspension Of payment by the Bank Of Eng
land is now openly discussed in the London newspa-
pers; and all parties-appearng to think the event
inevitable are busted in devsing the best mode of
carving the suspension into the least injurious and
durable effect.
Should the Bank Of England suspend payment in
the present wear undoubtedly the much greater de-
gree Of popular intelligence which prevails on the
general subject of currency and banking, will pre-
vent the same runous consequences from being VII
messed again And, under all the present cIcnm
stances OF the country, il is rapidly becoming the
conviction Of many important capitalists, that the
event is one devoully 10 be wished -.
The business in American Securities remains
equally dead as at the time OF the departure Of the
Liverpool steamship. Nothing whatever has been
reported excepting the sales OF the shares Of the Bank
of the United States al 81 10.
The whole commerce of the country is in stale
OF stagnation and gloom--and only a few hours OF
sunshine now sometimes occur to brighten The hopes
of millions Of people, whose government 50 ourages
the whole order OF nature as 10 compel US by prohl-
btory corn laws 10 depend for existence on soil
and climate which, when September is on the wane
has brought nothing Tor the ensuing year. while, on
your continent, a magnificent harvest was secured
before the termination fihe month OF june
The misery which threatens To be so widespread
during the ensuing winter, will probably, however,
rid the world for ever OF those yranncal Corn Laws
by which this great manufacturing nation has so
long been impoverished and oppressed.
In France, disturbances and distress are beginning
to prevail in The provinces in consequence OF the
hirh price Of bread. The harvest Of that country
has proved light
In the Cotton market Of London the business has
been more active since and the prices o East india
Cotton have even slightly advanced since the depar-
lure Of the Liverpool steamship The sales have
been 1000 bates OF Surat at Sd. Gid. 300 Mad as,
al 5iI 6i and $50 Bowels at 5-Sd. 7ii,per ID.
The recognition OF the independence Of Texas has
been determined upon blythe government OF France,
and the treaty is to be signed forthwith, great de-
termination Of emigration from Englandi TO Texas Is
beginning TO be noticed as the accounts OF the sou
and climate oftha country SO glowing as 10 rank
il amongst the fine countries in the world