Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1847-11-12

towns, from WHeHCe thc io"u C'N VI hct-'t"'
irsi came, the greatest distress is felt amongst
he operatives, whilst the mills are scarcely
,pen and there is general stagnation OF trade
such as has not been known for years
A large and influential meeting ct merchants
manufacturers. ship-owncrs. coal-owners, and
| iihers Interested in trade and commerce, was
| lrd ut Newcastle. on the 18th of September.
." to take into consideration the present alarming
state of the monetary and mcrcatIc affairs OF the
| kingdom, with the view of adopting such mea-
S,res, in reference thereto. as might be deemed
axpedient." At this meeting, a Mr.. Mitcale
read an extract from n letter which he had re-
ccived from correspondent in London. The
writer said, There is such want OF confidence
in the city. that every person is of opinion that
all, or most of the private banks will 90 and
every person appears 10 look gloomy towards
the future. | have not time to tell you all that
good news in the city today. is. that Prime
Ward d Co., of New York. which are in the
sam class win Blr'ngS, have got through thc'T
dl1hculues. II t"y had Stopped II Wo"Iu nave
DPeh lett IN every part OF Europe ooule per-
sons are so suspicious mat they VIII uike no
payments, except III gnlo even rom '''e iirs'
houses Another gentleman Mr. iiat'afhah'
sa'h he wonid read ietter winch ne Iiau recc'V-
cd from London, IN continuation oil that WHICH
l'ad already been read
ms Iettcr sad, ihe question: mere 's' h1nriy'
nor VINO VIII go ! Dnt, VINO can Slanu h'lu;
Irving ~ Co. were spoken OF last nigh'' ana
Their suspension mas oern confirmed '''s morn
ing. L. .e" tn ~, mouse DARING q Co. mas oee"
Ss22''e" " : lhere mas neeh smart run upon
MaStepIhan q 'o' rs wen as s'Ve'!u "'nGr oahh'
ers; lhc 'r'''"G Oh u'H'r"s' IS UNIVERSAL
Inc i.oliuoh INES cnP'ed .l'ese 'et'ers' III
report OF ,''c 'nee'ng h'lu at NeWcas,,e' on 'fe
2oth ana on tne -ir,' re''ltrNe1' Much mas
Deefi Sau " '''' Io'u 'PI'ci''e 'or cAc''e"'c't'
WH'c" na7 prompt u "eaN aIu 'il,c"'e.o"S P'o-
Pc 10 pr"Pa@a'c feI'ts H' '.'e u'ii'c''''eS", va
Nous houses ) ut "i an the instances wh'ch de-
serve pnbIlc reProDa'Ion' none has been so gross,
or has excited more ndlgn'ton than that which
tnlk place at the meeting at Newcastle. II the
influence OF the Newcastle speakers were in
proportion to their recklcssness. there would be
little chance OF any large firm, however solvent,
standing another day.
The most extraordinary and unaccountable
a'i'tir connected with the failures of the day is
the difficulty, or embarrassment of the Duke
Of b ickingham, the owner of the magnificent
ducal residences of Chandos House and Buck
ingham House, in London of Stowe and Wat
ton. in Bucks. and Avingtpn. in Hampshire. 1t
is stated that the Duke of Buckingham actually
owes his creditors nearly ten millions Of doliars !!
They will probably never receive ten per cent
This is an extremely hard case, for large pur-
ton Of this money is due to trades-people. who
cannot afford TO lose it, They have attempted
to seize and sell by auction his personal proper
ty: as for his estates. they cannot be touched
The value of the splendid pictures by the old
masters. the elegant furniture, the magnificent
gold and silver plate. the large stock Of old
wines, and his other effects contained in his
mlnsions. it is supposed, would sell for half a
million Of dollars. In August an execution was