Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-12-24

Oein8 able 70 renew Ollla OF exchange at all /
was, at least, some evidence Of reuaing credit.
To deal, however, with the special matter at
issue.
The facts as statedih the city, on Tuesday
afternoon, on authority Of such nature as TO |
obtain for It implicit belief was, that the agent
for the Pennsylvania bank had raised money at /
an enormous rate Of interest for the purpose ID /
renewing or takiag up bills Of exchange falling |
due in this week. After the public announce. |
ment of the stoppage Of the bank in Philadel- |
phia, the real wonder is that the agent should |
have been able to accomplish such a transac-
ton as this ut all. If bubble is meant upon
the word arenewed," then the bearing of the
agents letter will be fully understood, but he
must not expect to mislead the merchants Of
| this country by any such evasion, or by attemp-
ting to persuade them that there is any differ
ence on the score of credit between the renew
| al Of bill absolutely, and borrowing money at
an exorbitant rate to meet it. But, it not ma
terial in that respect, it is of very great conse-
quence to all persons deeply interested N the
Philadelphia Bank, that its bills of exchange
should not go back under protest, since that
might endanger the whole of its funds By the
| forfeiture of the charter, and hence there are
to be found parties in this city who, being al
ready far involved in its affairs, are willing at
price, to do that which no strangers would
assent to, and incur further f:sk to secure ul-
/ timately fair division of the property.
There is no occasion, however, to search In
to private transactions to find means for
sweeping condemnation of this bank, which
has done more mischief both IN Europe and
America than ages win serve to set right For
tins its open and notorious acts viii suffice,
which have been too often adverted to to need
repetition. One alone. therefore, shall now
be mentioned, which is the short career Of the
bank under the present charter, which was
granted, if we recolsect right, in 1896, and the
capital was then stated at $35.Oe0,O00 or
f7, 100000; yet this bank stopped payment
in 1887; renewed; became a narrower of
money all over Europe and America at rates
varying from to "a per cent: and has again
stopped payment in Philadelphia, on the 10th oil
October last If people are incapable of any
, impression from facts like these, they must be
J left to their fate, and can receive no benefit
! from any warnings which we can give them.
A letter from Lord Normandy has been sent
to the Mayor of Newport, conveying TO him
> her Majesty's appreciation of his conduct and
: that of the other authorities. A due tribute is
at the same time paid in it to the judgment
!. evinced by the magistrates and the exempla
. ry forbearance, steadiness, and good conduc
!. Of the soldiers.
The Quebec, packe. of the 22d, arrived a
' Portsmouth 18th Nov.-one day altar thu
= Garrick,
. The Hon. Daniel Webster, of the Unitet
States Senate, family and suite and also Sam
e uel Appleton, Esq. and. lady, returned to New
l. York inthe packet ship Mediator, from Ports
4 mouth on the 29th Nov.
i The frigate Imogene, arrived at Portsmouth
4 Nov 18th, from Valparaiso, with S2,5O0OO0
. and another frigate was expected from Mex
3 leo with s 100000.
n A destructive fire occurred on the morning
n of the 18th ult. at Widegate Alley in Bishops
!. gate street, London, by which eight lives were
n lost and large amount ofproperty destroyed
" principally that of poor persons.
: The American Minister and Mrs. Steven
q son had been passing some time at AlnwicE
NJ Castle, the seat of the Bishop of Durham
- They were, at the last dates, at Ashe Hall
. the seat of the Earl of Zetland, in York
shire.
A daughter of Rophino Lacy made yer
- cuccessful debut at. Drry Lane Theatre o
! the 18th ult as Cinderella, in the opera of tina
name. Mr.. Morley played Dandini on tina
> occasion.
4 From The Liverpool Mail Of Nor. 18th.
re- STATE OF TRADE.-Manchester, Frida
re Evening-The cotton trade-SInce Tuesda
al there has arisen several speculative demand
1t for both goods and twist, and if holders c
Or either would only have submitted to the mos
is trifing reduction, large bushes would hay
b been transacted. As it rs, prices for bot
must be pronounced rather sitter, though
J. not as far az our inquiries stood, have price
y positively advanced. The feeling has bee
of manifested by the representative of one yer
s. eminent manufacturer, refusing an offer 70
q 10 or II, 600 pieces rather than submit to
Y. decline of even an half penny per piece
Things are believed to have seen their loves
% ebb.
The calico block printing at most of tht
. shops in Lancashire is very dull hands on al
\ average, have not more than four days worl
= per week. The cotton hand-loom weaving o
nankeens is generally very brisk at this season
j of the year. but we are sorry to state that op
D eratives are only partially employed, and wa
ges for most descriptions are Econsiderabl,
lower than they were twelve months since.
,. The woollen cloth trade of Saddleworth ha
q not been in such depressed state for man,
e years past |; the accounts from America within
e the last few days are miserable in the extrem
: there is very little of any thing going on
: manufacturers scarcely know howsto act.
e The trade in cotton factories at Heywoo
d is considerably worse. On Monday last tn
e hands in upwards of thirty cotton mills com
q menced working short time; trade appears
s be more depressed here than in any other tow
in Lancashre-there are many totally withou
work.
HALIFAX, Saturday-Although things ar
d very much depressed, and prices lower tina
l. were ever known. still there was fair deman
e for some kinds of pieces, but without any i'm
e provement In value indeed there is no ikel
d hood ofsuch thing at present. In wool an
d yarns little variation from last weeks pr
e ces.
4, BRADFORD, Thursday-0ur piece marke
d continues still very lfeless, but as prices hav
> for some time past been supposed to have see
d the lowest point, slack day seems {
/ make no impression. Stocks are not yer
+ heavy arns-T There is a great sSmene.
le in our yarn market; much the ordi-;arv hus
t. ness is doing and without tae least chance
prices.-in nearly s.iother kinds prices are +.
y Their esssier,
" LEEDS, Tuesday.-No shadow of improve
Y ment can be noted in this market, nor does tn
G. most sanguine see where Il is likely to III
$ prove. Small as the production has Tor som
a. time been. further curtaiment seems to
rs tie only alternative Of the manufacturers.
to short, where there are no bHyers, prices muE
st be stationary.
at WAKrY1Er.n Woo4 MARxrT-(Somb