The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1842-02-02
From, the Charleston Mercury ,,
TWENTY FOUR DAYS LATER f1oM

Sun for Extras containing uic ioe '"
mary of news by the Btltannla.
Lord Ashburton was appointed OIL speclhi
,oss;on to settle the Boundary Question, also
% ,rr,nae tho innortant question of the right OF
searcb We understand that this distinguished
statesman. formerly Alexander Barring, OF the
GREAT house of Barring g. Co., and has vital
interest in preserving the peacable relations OF
Great Britain and the United States. Tie has
also a vital interest in the preservation OF the !
credit of tie States-and raising the depressed
American securities to the former eleVateo
condition,
We conceive this news highly important
The efforts of England to preserve the peace .oi
the country. and to settle amicaby all dlffereh-
ces, are praiseworthy in the extreme.
The news to our cotton dealers and hour
merchants, is also favorable.
There was some improvement in the general
state of the Money Market, although gre' en-
citement existed in relation to the state OF a1fafs
on this side of the water. The house OF
Nicholson g. Co. had failed, the leading houses
however still stood firm. Lord Ashburtons IN
tended visit to this country is to look after the
interests of those interested in American proper
ty, himself and house being among tne mus
deeply involved in American secur't'es upon
London change. He is said to be charged WIN
proposition by which an arrangement may ue
made to relieve the stock market lroii Ns pr ~
sent embarrassed position, and cohsequen.s
to liohten up the markets generally. NotwltI-
standing recent transactions here' tne oes' ieei-
ing seems to exist on that side.
Mr.. Motley, Jr. is the bearer of despa;ches
IN our government, from Mr.. Everett, American
Minister at London.
From the London Morning Chronicle.
SPECIAL MISSION TO THE UNITED
STATES.
Lord Ashburton's appointment mas oeen Id
vorably received in commercial clrcles' anu
given tone of confidence to the holuerS OF
State stocks. His lordship's appointment VIII be
,ccentable to the Americans, as the Messrs.
Barring have been for many years most eXten-
siyely engaged in Arneican affairs, and IN TACT
the accents of the American government IN
monetary operations His lordshlp is oesiaes
citizen of the great republic, and one OF the
LARGEST landed proprietors, too, IN the state OF
Pennsylvania His talents as man OF ousl-
ness are we'll known.
From the Times.
It pives us much pleasure to announce,
that the Right Hon. Lord Ashburton, at the re-
quest of her Majesty's government is about TO
proceed to the United States on special mis-
sion, with the object of settling all existing diff
ferences between that country and our own
His Lorship, who will sail in few weeks, had
been asked to undertake this sorvico ma had
consented TO do so before the Presidents Mes
sape had been received, so that the mission IN
onestion whatever be its character or results, 81
has been had recourse to, wholly irrespe
nn,..h;no oaata;pad ax-asatte in thai eeS
much as the introduction of new elements of r.
ritation contingent upon further delay might
eventually render an amicable adjustment unat-
tainable, and involve both countries IN all the
horrors of war.
He is one of the largest householders in the
United States, and Lady Ashburton, llate MISS
Bingham,) is an American by birth. Well vers-
ed in the history and value of state bonds ana
of the peculiar structure of the American Con-
stitution, he will be able to press upon the at
tentioa of the Americans the necessity OF pune
tllal provision for the public engagements. Ihe
Americans themselves are the greatest suffer-
ers by the dstrust with which their securities
are looked upon, for they are thereby deprived
of one of their principal means of supporting
their own prosperity, and until their credit be
restored, their trade and manufactures must be
in depressed condition. But a satisfactory
of their differences with this coun-
try is, in the first place, absolutely necessary,
as prelude to the future happiness and welfare
of the Union; and this important object we
trust, will now be accomplished.
A Heavy Failure in Nep York.-The New
York Courier says:-"A leading house at the
Stock Board, Messrs. McAllister g. Stebbns
declared their inability to comply with their en-
to which unfortunate circumstance
the heavy fall in the stocks of the Western
States may be attributed. These gentlemen
had paid the interestdue here on the State debt
of Illinois, which fell due last July, amounting
to 100000, upon receiving as security from
the Commissioner in that State, Mr.. White
sides Bonds of the State to the amount of ST.
100000, due in 1885, he agreeing to refund the
money advanced upon the 18th inst. Failing to
do this, Messrs. McAllister q Stebbns became
the sacrifice. Mr.. Whitesdes has exerted him
self to the utmost to prevent this result, but
there was some legal defect in
the powers under which he acted, and we need
scarcely say, that with the experience of the
last few weeks before them, capitalists closely
scrutinize the validity of the powers under
which State. Commissioners act Tins defect
cannot be remeded, in less than sixty days,
otherwise to our certain knowledge, one large
and influential banker stood ready to advance
half the amount required, and the other half
would have been obtained without difficulty on
+Lo Soo,r;t;oc hold br Mr. Whfasidae Mos