Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1847-11-27
NATIONAL INTELLIGENCER.
LATE FROM ENGLAND.

Since The last accounts more failures have oc-
Cured in the principal towns among merchants
and manufacturers, and also several banks have
failed i'll different parts OF the country. The
North and South Wales Bank at Liverpool, having
numerous branches in the Prmcipality has succumb-
edunderthe influence of mischievous report, which
caused run upon the bank The Salisbury Bank, the
shatesbay and Hindon Bank, and the Shrewsbury Bank
have also stopped payments.
In Manchester, the failure of Mr. Robert Gardner
chant trading largely China, has caused great consena
Several other heavy firms there have also failed
In London, Messrs Coates X Co.. the buyers OF goods for
the American Market in Bread street, Cheapde, have stop
ped payment Their liabilities estimated al 4lO0, 000
Among the failures is also mentioned the old and highly
respectable banking establishment Of Messrs Schoes Cos
Of Manchester which took place the 2lst utlmo The
firm has been in existence than half century, having
commenced business in 1890.
On the Continent considerable failures have taken place
Leghorn Genoa Trieste, Lisbon and Client having chiefly
suffered The French house al ST. Peersburgh, Of c. Rva
& Co, has also failed.
The application Of the Liverpool merchants t. the Govern
aid the 10Th, well known to have been
cessfu On the 23d depuaton of the London Bankers
called upon the Prime Minister, and admitted
dence They represented the intensity Of the panc the
possibility OF allowing continue without making
effort alleviate the pressure that the bankers
full OF money, but not dared TO part with for fear of
upon him and their produced such effect
the Minister that be promised the Monday following to
give them Mr. Rothschd also visited the Minis
When the news of these interviews transped better
feeling In the city the result Conso and shares
what rallied.
The interview lasted sesera! hours and Monday Off
cha! answer received which Lord John Russell said
'He Maesty's Government have come to the conclusion
that the time has arrived when they ought to attempt by
extraordinary and temporary TO restore confidence
the mercantile and manufacturing community For this pur
pose they recommend the Directors of Bank of Eng
land IN the present emergency 10 enlarge the amount of their
discounts and advances, upon approved security but that
order retain this operation within reasonable limits, high
rate OF interest should be charged In present circumstances
they would that the rate of interest should not be less
than eight per If this should lead infringe
ent Of the existing law, her Maestys Government will be
prepared propose Parliament its meeting, bill of
indemnify They will rely upon the discretion of the direct
reduce possible the Of their notes, il
any extraordinary issues should take place. within the limits
prescribed by law
This suggestion part carried into effect and the
sequence electrical In the general eagerness Of
latos for fall to buy their accounts the market became
wild Consos in day advanced, after the vio-
lent fluctuations, not less than five per upon their
emes point Of depression of the previous week Shares OF
railways, which had been ruiaousy depressed rapidly
The sugar market became active, and and
advanced considerably
Bot this excitement and rise of stocks proved
After the first general rush of prices upwards spectators be-
gan reflect upon all the bearings Of the measure and stocks
became at first stationary and then proceeded steadily
cede. Conos before the week terminated had relapsed
about go for money and London and Northwestern shares
l47 he price Of Exchequer Bills Eperhaps truest critic
ron Of Government credit and the value Of money! fell to
ls discount the cotton market became dull and inactive
ever, and prices receded whilst failures in Manchester
the mercantile world.
The European Times says that whilst Bank ID Directors
themselves actually borrowing money stock
per cent until the 29h of November and charging eight per
cent on similar security, and nine per cent discounts,
plain that asegards money present relief can be cacu
lated upon The general contraction Of all business and
gagsmens is however, working gradually Its fatal
effects, however are but too evident.
The stale of commercial affairs rendered it necessary that
Parliament. should whou; unnecessary delay, and the
time appointed consequence is the 18th Of the present
month.
At the latest trade in all its branches laborcd I'M
der much depression prices depressed and the reports
from manufacturing districts most discouragng
Anticipating scarcity Of provisions the Treasury have
appointed twenty three Of the 100 naval and military officers
who served under the relief commission Ireland last year,
IN experimenting the distribution sf provisions.
The Continental news is meager enough The hourly
creasng danger of Swiss civil war is the only topic which
attracts attention
In France at meeting of the Council Of Minister'S the
question q Switzerland taken consideration Il is
reported that the French Government will during the next
session, bring in bill repeal the law which excludes the
Bonaparte family from France.
In Italy the Pope has instituted Council Of State but the
country much agated and the Austras kept possession
Of Ferrara.
In Spain the Queen and the King continue on amicable
terms Boston Journal.
LIVERPOOL, Nov 4, ls47-l2 NJ
CoRS.-Best Western Canal Flour 29s to 29s Cd Der bar
rel Richmond and Alexandra 2ss to 29s. PhadeIphi,
and Baltimore 2ss to 29s. New Orleans and Ohio 26s tc
27s United States and Canadian sour 2ls to 23s L. s
wheat white and mixed, Is Cd S. per pounds Rec
6s Cd to u 3D. Indian 800 35s per quarter Indian
meal l4s TO l5s 81 per Dbl.
VI all branches Of trade, tina, Of corn alone shows The
slightest symptoms Of animation Before the day Of the de
Paure Of the last steamer and for days subsequently, the
Liverpool market than usually dull and declining
owing 70 he Of heavy home arrivals with limited
demand but slight improvement in the money market on
the 2on impaired better feeling, which was greatly smu
lated by the adyces received per berna Since then price.
have steadily advanced 10 present quotations. al which
they continue firm The demand for Indian corn and ea
for Ireland has been remarkably brisk
CorroS.Cpland aud Mobile ordinary 10 middlng 33d Il
A a M air To 4 F.,w 4 --