The Abbeville banner. [volume] (Abbeville, S.C.) 1847-1869, 1847-10-27
From the ~ Y. Com. Advertiser, 18Th anst.
Fifteen Days Later from
EUROPE.
Arrival of the Steam Ship Cambria.

Arrival Of the Steam Ship Cambria.
The Steam Ship Cambria, Capt. Judkins,
arrived this morning at Boston. The Cam
bria did not leave Liverpool until the 9Th
,nst., consequently she made the passage in
less than fourteen days.
The belief entertained a. the departure of
the last steamer, that the upward tendency
then indicated in this market would be
maintained, has by the terrific occurrences
of the last fortnight been wholly dispeiled.
From number Of causes, the most
startling of which is the unparalleled de-
rangetnent of the Money market, the price
of breadsiuffs has gradually, but steadily
retrograded the only article which has
preserved its firmness being Indian Corn.
A slackened demand has of course materi.
ally contributed to this result, but this cause
must be regarded as merely temporary.
AT the London Corn Exchange, yester-
day, the arrivals of English grain were
small, owing to which and the unusually
large attendance Of purchasers, the demand
was somewhat active at an advance Of from
one to two shillings per quarter upon the
previous Mondays quotations. Notwith-
standing the large supplies again brought
forward, an average amount of business was
done and the market closed firmly.
The prices of Cotton since our last advi
ccs have, it will be observed, seriously rcce-
ded A circumstance lndisputaby result
ing from the aggravated condition of the
Money market and the consequent impossi-
bility, save in the rarest instances, of OBJ
tanning accommodation, the universal panic
which has seized upon manufacturers and
~
ulative effort. In the lower quality partic-
ularly the decline is more severely felt and
operations since the arrival Of the Caledo-
MIA have been Of the most limited character
The sales for the week ending the first
were abou, 2 900 bales, of which 800 only
were on speculation and 1900 for export
On Saturday the I'd, the sales were about
5000, and yesterday 1000 were disposed of,
all to consumers, speculation being entlrel y
suspended, and the demand being dispro-
portioned to the supply.
COMMERCIAL AND FINANOIAL.-Thc fear
ful condition of mercantile and monetary
affairs recorded IN our last summary, and
then rapidly eliminating to point OF dis
trcss and arrangement rarely reached by
the organs of commercial vision, has within
the las, fortnight become vivdly developed
in all its disastrous reality. One after an
Vibrating Sa ,hroughsoa epen eSery failure, eaeh
trade and involving in its gloomy colse. e.
quences those who but for their unfortunate
connexion with the defaulter, could have
wi,hstood the shock of the commercial
Storm.
vi the numerous causes TO which this
dreary state Of things is assignabIe, the
most palpable appears TO be the misregula.
ton OF the money power-a system origina
ting with the Bank Of England, and eager.
" Initiated by all other money lenders,
whereby gold has become too dear 10 buy,
and accommodation phantom
The reflex of system so fatal to the
prosperity of trade has been deeply felt
alike by the merchant and the manuiactu.
rer, and the attestations ofIts consequences
can be found in narrowing abundance in
the crippled counting house and the deserted
factory.
GENERAL INrELLIGENcE.-Parli
will be convened on the l4,h instant. but
not for the despatch of business.
The AsLATIc CHOLERA is making Scar.
ful ravages in Russia, and in consequence
Of its appearance in Warsaw, the Emperor
had deferred his visit to Poland, a circum-
stance not regretted by the people of that
country.
SwITzERLAND.-Acti ctive preparations are
making in Switzerland for suppressing the
Sonderbund by force of arms a sanguina.
ry civil war is apprehended from the reso-
luton of the latter to resist the Diet. Two
cantons alone are prepared with 10000
men to take the field.
The news from Italy presents no new
feature; the Pope is firm and the Austrians
do not seem inclined to provoke hosliities.
The affairs of Spain are still very unsettled.
Catalonia continues to be disturbed by
Carlist bands and the entire line of the
Pyrenees is in state of blockade.
PALMETTO REGlMENT-TruIy this regi-
ment may be called the deuoted. 1t will be
recoilected that in the battles of the 18th
on nh IF Il