New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-11-08
Receired BY As Caladonh

t. b..
Geissler, Weber & Com.
Wilson & EDOr--.--...---...-
ROssng & Son. Bremen
kidehelg1 & &C. Haliisx.---..
NJ Le Groh CO---..---.--- Brussels .----
J. q Grenelli .--.....---......
4. & J. Wingsie .-.--...--..--. Glssgow----
Dalgieish q TO ---------------.
Thomas Murphy .......... Waterford.
Oldham Joint stock Banking Co Oldham
Muir Taylor q Co ...........NY. & Montreal
BOYD Thomas. .--Not tteo--
ASPECT OF THE TIMEs-Food In Great Britain 10 both
chesp and abundant but MILLIONS may say, Of the
population. manufacturing and agricultural, are unem-
poyed and cannot earn sufficient to enable them
to buy this chesp food The following article from the
Manchester E1smier of the 10th ult fully confirms
anticpalions stated previous to the arrival OF the
steamers
The return Of commercial prosperity seems yet dis
iant The grand tsatog Circumstance is the fact OF
the cheapness and abundance of food but that cOun
teracted by the railway pressure and un'll the vast
amount of commercial obligations contracted uoder the
excitement Of excessive speculation run off, or got
rid Of commercial firms will continue to shake and
tremble until the house. Of cards Is Ia ruins.
Although the subject OF the currency will undoubtedly
come before Parliament there Is strong reason TO think
that our leading will not touch the msin pro
visions Of the Bank Charter Act of 1874 Reasons OF
similar though not strong kind induce the suppos-
ton that parliamentary Interference will be proposed
at least by the Government with existing railway es
peudltuTe Shareholders who feel the pressure, must
therefore the powers already within their reach,
for they are not likely 10 be- accommodated either with
issue Of pepper money 10 enable them to pay up their
calls with any stringent legislative action on exist
ing engagements and liabilities.
The commercial pressure is Indicated 10y various pc
cuisr phenomena Easy fnHdhoidds, uho used 10 d11
calling for their dictdeads aoo erond IN upon ne BANK me
moment The dOors are opened ne discount once scene
Of fHcessGHf agitation and aHray aud 40 the sellers oil
marketable securities greatly predominant over buyers,
the latter able to purchase cheapy
At the peace of 1915 the currency was made more
valuable and the ruin OF the land owners OF
England the Corn Laws were enacted. Government
pays In gold the interest of it's war debts contracted In
deprecated paper and the private loans and mortgages
transacted In that paper must now BE- met by payments
10 heavy soyereigns. Whether this scheme to make
nation pay it's debts In currency fifty per cent more
costly than that which its people borrowed can be up
held time best tell.
RANK or ENGLANp-The condition Of this Institution
for the week ending Oct 9th was as follows Notes
Issued a2l COL 5s5 To meet which the issue depart
neut had Government Debt ell OBS 100; other secu-
rites a29s4 800; Gold Coin and Bullion 46,935 3i9 !;
Silver Bullion, &l,U2o,2Jo .
In the Banking Department there s on the one SIDE
the Proprieors Capital fl4 $50 0O0 Rest, f4O57552
Public Deposits dncluding Exchequer. saw Banks Com
missioners Of National Debt and Div Acctsl 4s4l4Il5
other deposits A77l3s96; Seven day and other bills
ss63 4s7 and on the other side Govern ment Securities
dncludng Dead Weight Annuity 4lls2o340i other &c
curites 42l 1914 Notes 1881 isO uoid ana SILVER
coin f447,l65.
The above return does not include the cash account
after the payment of the quarterly interest ON the public
debt II shows decrease OF paper aiost tI3sOoi oil
Bullion 9l56557 of private deposits, A24I,cIl and an
iocressc of public deposits OF ss5ooo
RoyAt RANK OF LIVERPOOL. The OTHER BANKS -
The Royal Bank which was established in 1887, has
numerous and opulen jontsiock proprietary OF about
200 persons holding 800 thousand pound shares OF
which $500 is paid up amounting to about a6460OO-
At the last annual meeting the concern had reserve
fund of 100000 and a contingent fund OF 43OOOO-
This stsppage hss thrown the whole business OF the
town into confusion and the Mayor, VIM. Brown nj p.
and other gentlemen went to London with view TO so
ct tue Government interfere for the relief OF the en-
tire mercantile and banking community thronsnous
which the distress has 80 fearfuy extended we
canno, conceal our fears Gays Wias Times that THIS
lsst failure will have serious results happening al mo
ment when many parties were seeking assistance
from the Bank and when numerous clients had collect
cd funds in the hands of the Bank to meet obligations
falling due Yesterday As might be anticipated heavy
run was made upon some OF the Banks here out tney
have hitherto stood firm IL is stated that three houses
whose names have been freely mentioned having had
considerable assistance iron the Royal Bank are debt
ors 10 the institution 10 the extent OF the whole padup
capital.
The Directors OF the Bank of England have declined TO
assis, the Royal Bank Of Liverpool
Brown Shipley & Co. speaking OF the Royal Bank oil
Liverpool in their Circular Of the loth ut say Inc
Ahae sOlvency of this Institution IL ali quesuou
but the failure must create temporary emoarsAnen' ~
this Time OF pressure.
TaApE IN EUROPE Willm1 = Smiths European Tines
in their leader of the 18th OF October, say
We have on the present occasion 10 announce fearful
augment aiion Of mercantile distress Confidence Ia
every branch OF trade seems extinct the proceedings
Of tue Bank OF England in one day offering ncres'ed
accommodation 10 the merceoile world ana tne next
shutting OF all relief has with other causes &C catered
ruin far and wide and the depreciation CT stocks H. AZ
the moment writing. less than i've per cent
under the lowest prices quoted during the panic OF Ap
lssl In Cotton, Wool sugar, Coffee and Bresdsturs,
h.H erf has
which such state of Thugs nsturs ally engenders is as
eravaied by the uncertainty which hangs the future
no rational proposition having yet been suggested tor
the removal OF the distress which prevails
Al one o'clock p. NJ on the day the Caledonia left
Iivarpool Wlner's Times Issued second edition. H.
sAy that" Throughout the morning commercial affairs
here wear srll more gloomy aspect the Banks con
tnue 10 % pressed f0nfmOney frOduce OF every De
serlpoA il falling In prices and to day Il quite impos
.ible 10 sifx quotation on commercial Proauee'
RvvxS,-K OF GsyAr BKIrAIS.-Tnere is decrease
In the receipts OF the year Of ve millions OF aous ne
revenue accounts made up TO the yin OF Oe'ooes nae
heen uubl,shsd The decrease In tho quarter As com
pared With the same period OF last year smo1ni.
10 Al 5O7 30. and on the year 10 ahH<<os ~
the year there has been an decrease 10 ~. s,,o.
binary IN Customs, OF t2o1-Sfi sis snn
I fl52 A9 Tsxes- &9l.ll7, Property ak @iVe,
20. and Postoifce. $4,000 and decrease 10
the Excise Of sl599li Crown Lands, sis,OOO, soc
Miscellaneous sl53 Dos. In the extraordinary revenue
there has been decrease Ia China Money OF E9ooSOS
lmprest Money! 46c,k5 and Repayment OF Advances
e3i969i. The total increase OF the year being only
s6s3sso sgsns, sl.7lo.lH decrease leaves a net de
crease on the year Of sl0is2os.
TEA AND TosAoco TAxEs-A Select Committee oil
the House Of Commons have recommended great re
auction Of the duty Tea - ne only means oil ncress
sns The quantity consumed and thereby extending oui
.sds rim Chins; MIR Homo and Or Bo~rng will, mex
session. cal out fer reduction OF The duty on Tobacco
other rel0rmers will ask Tor otp. nlo'u0s'on' 'ns
ss,ieu,urisls will point TO the Max Tax
pxnossrRAScE FROM THE BANKERS. MERCHANTS
&C on IrvERPooI On the 10Th ult memorial {
md John Russell which originated VIE tne AueI.es'
.es. forth hs, Produce OF every Description OILY