Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1840-02-13


done, but must add that, even at those ratios
only small and occasional sales are pr,rt;c,
bic. P'"o'oa-
The continued fall in their value DESTROYS
ssPceuiaton, while many years will be required
'or real Investments TO absorb all that is nj
present In our market. We do not doubt bnt
that such gradual purchases will continue or
tle stocks Of wcll-known States which do
not over-issuc, and which faithfully NEE,
their engagements to their creditors. as the
commence In the resources and national hon
or oil The United States remains undiminisbed
III THIS country, us well as the conviction that
by such investments England EMPLOYS her an
nual surplus Of capital both safely and proG-
ably, encourages her best customers. and
binds more closely the ties of mutual interest
between the two countries.
81 But If the old scheme Of internal i'm.
provcments in the Union is to be carried into
eject on the vast scale & with the rapidity late
~ projected. and by the means of foreiup
CaPi'ai, more comprehensive guarantee
."ah that oil individual States will be required
10 raise so large an amount in a short time.
N national pledge would undoubtedly col
,ec' capital together from all parts of Europe,
pu' Tue forced sales OF loans made separately
by All the Individual States, i'm reckless com.
=, H.
uer inc terms more and more onerous for all.
iower the reputation of American credit. and
1as reliance Is almost exclusively placed upon
LONDON market, produce temporary mischief
here' by absorbing the floating capital, divert.
ing money from regular business, deranginr
oaih,hg operations, and producing an unnat-
ural balance of trade against this country.
=, 1T would seem, therefore, as if most of
.ne States must ciiherpause in the execution of
their works of improvement, or some GENERAL
system OF combination must be adopted.
All Corporations Stocks are neglected.
nor do we hear of any transaction in Banl,
Shares, excepting these of the United States
Bank.
We have the honor to be your ob't servants,
NolShed) "BARlNG, BROTHERS, & Co."
The French newspapers are filed with ac-
counts oil the distress prevailing in every part
vi france. Not only in the manufacturing
Towns but in the agricultural districts GREAT
numbers of people are reduced to a statc Of
actual starvation. Bands of wretched people
traverse the villages, some begging, but the
greater portion breaking open houses and
s'eaiing Whatever they can find. 1t is esti-
mated that no less than eighty thousand per-
sons In Paris daily have recourse to the pub
lie bounty. fN'
About GO mills in the English manufactu-
mig towns have stopped.
There were exported from London to Chi
ma, during the week ending December 10.
29o.S05 ounces of specie, and Sc, 900 ounces
to Calcutta.
American flour in bond is 81 shillinrs.
Captain Collins, of the ship Roscius, is
highly compllmented for saving the crew of
the ship Scotia, from Quebec, found water
logged with II feet water in her hold.
Lord Durham is spoken of to succeed Lord
Ponsonby to Turkey.
Mr. Cunard's line of steamers commence
running on May lst. The new steamship
United States will soon take her place in the
30. Api'i
GhIssow.-fleavy failures continue 10 oc-
cur at Glasgow-within the last few week
failures to the extent of between 900. 600 and
100000 pounds in that city alone.
From lie Banher's Circular.
we have good ground for stating that the
oHillon In the Bank at this instant considera
Diy exceeds 8S,500,000. The amount of sill
yer exported since the 18th of December. 10
hamburg chieily,-reaching above g2OO. 900
IN 'aiue-iS Tor the regulation of the Ex-
change, and the highest authorities in the
City on this matter express GREAT confdan o,.e
lllat the exchanges will be set to right without
renewed difficulty and alarm.
The Liverpool steamship was to leave Lii
verpooi on the Goth of January.
The Great Western was advertised to leave
Bristol on the Goth of February.
The Gazette de France announces that the
rope had issued letters ad futu5.una nd meme
ram, prohibiting the slave trade. The amos
toiicai letters are dated December 8.
London Money Market, Dec. 25.
American Stoclis-Aiabama. (sterlipgS : .
Louisiana, (sterling) 5 SO; Mexican, 6 81 :
8; do. (deferred) c.; Michigan, c.; Missis-
slpPIi, (steriing) s.; Neapolitan, s; New
OK, payable 1855, SIS; Ohio, 90; Penn
sylvania, II l-2; South Carolina, 5 80 -.