The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-13

arrival OF the Clyde from HaIHax WIN tne sdvicts
brought by the Acadia to the 10Th instant from Liver
pool The important feature Of the news Is, that
not only have the refused to entertain any
proposition of settling Creole sncably but have
sent orders Bermuda to release the pirates and muir
derers them loose upon society," in defiance Of
law and treaty The threatening aspect of this case
seems had induced M 0uzot to refuse ratyng the trea
" to ion without reserve in the Of France, in
laton the slave trade that the queen
stated in the speech that had been concluded The
reason for NJ Gu1os refusal was that Lord Aberdeen
had refused TO give any guarantee Of the disnerested
ness and proby Of Great Britain in relation to the slave
trade The powers do not disposed
longer to be the dupes Of tho discriminating diplo
macy Of Great Britain The slave question 10 undoub
edly used cloak to her continued aggressons The
question of the Creole seemed to create but little excite
ment The admirable letter Of Daniel Webster the
subject will open their to the true importance Of the
subject.
The state of commercial affairs was no better than at
the date of former a6vices the contrary every
thing has ard tendency. American descriptions
Of cotton had declined 3D. per To- through the month Of
January The disastrous state OF the home trade made
evident in the following figures There falling of
In the cotton WOOL entered for consumption in lsa Of
lSsels bales compared with that Of ls4o yet the
exports Of ls4l exceeded those Of by the following
Quantities:-
d Increased exports Of yarns. g 2os oos lbs.
Increased exports Of thread. 2 03s, 400 lbs.
Increased exports Of printed calico As OF sa yds.
Increased exports Of plain calico. 05 LOG 4l6 yds.
This increase Of exports consisted degree,
of the manufactures Of former years. accumulated in the
warehouses but principally of the falling off Of the In
land trade arising from the dstresses Of the people, dis
ablng them from the purchase Of manufactured goods
The following table the state Of the currency.
q rArza eysssstr OF G.EAI BRITAIr. 49,.
Bank q England 1850 900 Is
ss;.: Stock bank s;;,ss saa
Pvsis and JOINT stock sosass ssssoss sAassso so7oms
Rss. 3 a:,s :ss S =
... rs. s:n ' :ss
One material feature in the present return is the
general In the circulation Of the joint stock
and private banks Of the United Kingdom, which TO
considerable extent may be accounted for without any
strained hypothesis by the action Of common cause,
and that is the influence Of prices Foreign and colo
NAL merchandise and produce of all kinds, with the
csption mainly sugars which however have been ma
tsray lower in price for months past, and domestic
products aud manufactures Of all descriptions with the
exception of and have been at depressed
rates Of value for long period whilst from the contract
demand abroad, and consumption at home, the deal
ings have been materially effected slso in amount.
Therefore
been less active and secondly, that the amount
of money represents larger quantity of commodities
than when prices higher To this may be added.
the contraction of banking credit, necessarily arising
from numerous inso vences, ana well-known distressed
state Of the manufacturing community The failure Of
the usual remi,tances fdvidends on some ofthe Ame-
sican stocks has likewise contributed in small
70 the greater perjury Of money and circulation Local
have operated in certain districts to
contract the calculation Thus in Scotlsnd the eircua
ton generally begins expand in autumn meet de.
mands OF the fisheries extensively carried
on whilst at the close of the year the advances then
made the factors and these engaged in that branch 81
industry begin to be refunded to the banks. u. srs
The increase Of bullion in the vaults Of the Bank Of
England satisfactory but it must not be AIKEN By any
means az the full Of the increase
The actual must be by one or two hund
red thousands of pounds But independently of the gold
In the ank the quantity Of light severe gns imported
thst is sovereigns sweated abroad into light weight
immense, and has been going on for long time past
They are rejected by the Bank but that does not pre-
vent them from getting circulation For some time
past the interchanges of values with the Continent
have run rather curiousy for, whilst the exchange
dealers have been importing gold and light severegns
they have been pretty largely exporting silver for
which the demand has been brisk the Continent The
amount OF silver coin and bullion shipped at Dover 10
the month Of January for Calais, was 4494So ounces
The northern ports being closed for the season BY
the ice the imports Of gold and exports of silver hsv
nscessarily and nearly altogether ceased for time
There were no quotations in American stocks, thep
being nothing doing.
At the Stock Board this morning election tool
place for officers, which resulted in the choice Of
Clsrksen. President, w. H. Brown Vice President lame
W. Blocker, Treasurer, ,rt, Secretary, G. L. Lew
Roll Keeper. 1t is in agitation to reduce the sals
mes, which should be done without delay; $1,000 pc
il amply sufficient for the trhing duties of Pre-
sident theopportunes for speculation thrown in. TIL
sales small and but little change in rates tool
place. Long Island improved s--Pa,erson 3-Unite
States ss per cent-Mohawk declined per cent
Delaware and Hudson ll-lndiana SIS a-Ilnois sj.-
sales of bills ON Philade'phis per CENT? altimore
per oent-Treaaury notes lalf.
The Bsnk Of st. Mays Georgia, is under protest TO
$4,000. Thefollowing is a satementof the Franklil
Dsnk Of Cincinnati which resumed on the 4th instant
rsAsxLrs BArr or CircrsSArI, March !. is4l
Discounts Al aO3ale Due United 5tsseS Ss,ro