Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1847-11-11

| ARaIvAL or THE CaLrDosn.-The steam
ship Caledonia, arrived at Boston, on Frida,
last, with eleven days later intelligence from
Europe. The news by this arrival, like tha
of several preceding arrivals of the foreign
mail OF the deepest interest to our community
Il is of a mercantile nature. The pressure of the
money crisis continued apparently without
baiement. The severity Of the crisis was ag
gravaled in Liverpool by the unexpected sus
pension Of the Royal Bank of Liverpool, a
oint stock bank company, which had been in
full credit, with a capital of 1900 600 oI
which, one half was paid up, in ElO0O shares
which few weeks since bore a premium IN
the market Of 300 guineas. Notice was post
ed on the closed doors OF the Bank on Monday
il to be for the interest of all concerned to sus-
pend the operations of the bank, until the re.
sult Of the proceedings of depulaiion then IN
London should be known. On the same eve
ming the deputation returned, their efforts
for obtaining means to retrieve this bank
having been unsuccessful Il is stated by the
Liverpool Mercury. that an effort had been
previously made 10 obtain assistance from the
Bank Of England. which failed in consequence
of the awkward fact" that the Roya Bank in
the distribution of its favors discounted paper
for three houses only to the amount Of nearly
a million Of sterling, Of which it was rumored
that more than 100000 went TO one of these
houses. Their other discounts had been in
small sums.
This event had caused run on the other
joint stock banks in Liverpool, but nothing
had occurred to shake their credit in any de-
gree.
There has been very unusual fall in the
public funds.
At Liverpool, prices in all articles ofpro-
duce were considered nominal. The few sales
of cotton on the 18Th were at depression OF
Id. on prices of the 18th. Western canal
flour is quoted in the circular of ID & T.. Lit.
tie, at 25s. Cd, pei bbl and Indian corn at 2Ss.
per quarter. Being fall of 2s. per barrel on
flour since the last arrival.
Business in the manufacturing districts is
completely paralySed, These remarks are ap-
plicable to the wooden districts Of Yorkshire,
as well as those Of cotton in Lancashire
The returns respecting The rapid dimnution
of employment in and around Manchester are
getting more discouraging every day. II ap-
pears from that, during the week ending Octo
Der I3, no fewer than thirteen mils ceased
working lu i time. Of which 7 had commenced
reduced hours, and six, or nearly half, had en-.
tirely ceased
Up TO the date noted above, out of II 009. the
number Of hands employed in the l15 mills in
the borough of Manchester, there were enga-
ged %, 200 full time, SOL short time, and 9lOS
unemployed We learn, also, that the stop
page of mills in. the districts adjoining Man
chester is increasing considerably. Accounts
from Leeds aud iluddersfeld speak uniavorably
of trade in those localities.
The potato rot is working its work Of de-
struclion to fearful extent in England. There
are at present 5000 cases of lyphuS fever in
Liverpool.
The civil war in Switzerland is still impend |
ing
Serious disturbances have taken place in the
Two Sicies.
In SPAIN Espartero has been suddenly dis
placed from the head OF the new Ministry, and
Narvaez installed IN his place. French inhu-
cnce has been again successful in that country.
The prospects of Ireland during the ap,
preaching winter are gloomy enough Fa-
mine in an aggravated form has already ap-
peared, and the Queen has issued e.er com.
general collections to be made IN the .
Church Establishment