Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1847-09-09
Arrival Of the Caledonia.
Five Days Later from Europe.

H The British steamer Caledonia, Capt. Lot,
from Liverpool Aug 20h, arrived at Bns
ton at one o'clock Thursday morning. Sh,
brought I32 passengers.
sIl The news Is only five days later than ,ha
received by the GuadalQnlver. The mafke
remalned IN about the same depressed condi
ton. The scarcity of money was increase,
by The action Of The private and joint slocl
banks, which followed the example of The
Bank OF England in raising the rates of dis
counts; aud failures had multiplied ill III,
amount due and unpaid had reached to near
| ten millions OF dollars
II These failures have been chiefly confined
to those IN The American and West India
| lfadc.
II Charles Winners Mail, in an article on
this subject, says:
" The money market has been kept in a
state of uneasiness aud alarm by tho sudden
| announcement Of advanced rates of discount
1 ny The Bank %. England, and by a succession
| hi failures OF London houses connected with
1 The West IDdla aud American trade. Or
hesc the house Of Massrs. Frazer. Nelson
II " lo., West ludIa merchants. and Mr.. Ed
ward Robinson. IN The Maurl,us trade were
I'ncnnsIderabe but the eminent firms of
Douglas II Son, who failed the pre- vious
week and whose liabilities are CT 900 600 !:
fhd oi Lesley, Alexander s Co, who sus.
pended payment on Monday week, and whose
engagements arc stated 10 be cJOO 600 have
seriously disturbed commercial confidence.
VA "wednesday week two more important
ldruros were announced on the corn market.
Ncssfs Cov"ulry g. Sheppard, and Messrs.
hhg, Melville u Co., The lnbilliies Of whom
are ench estimated at abon, c2OO 0OO
Yesterday, Messrs Giles a. Son, also in
he corn trade stopped payment.
The following failures out of London have
rl'o token place.
Perrin g., Liverpool; Sampson, Lang.
dnlr, Il Co.g Stocklun.on trees Frazer &
Co.. Antwerp; Crnpp q. Marchand. Ham !
burgh; and large concern al Shpo: mos,
h whom were engaged ~ the corn trade
Nam'f"hs other minor Concerns have been
obliged to yield 10 the present pressure. A
considerable amount of bills have been re |
turned TO the United States, the drawers
having refused acceptance on various grounds:
and II is understood that Messrs. Baring. |
Brothers d Co., have intcrfercd for the hon l
"r AID account OF Mcssrs. Prime, Ward g.
Co., OF New York, in a large an,oun, of bills /
bour'ng their endorsement.
II lS generally understood that The weigh, Il
"t these failures will chiefly fall upon Amer II
Ican houses Il
Al The tiicial meeting orthe Bank of Emo.
innd Directors, on the 5'h nit the oinjm,In
rate OF discount was declared TO be 5 % per |
cent. Al THIS rate only short dated bills II
we're discounted, The rates reaching even
q ~ l"r long dated paper. II
OwIrg to The slate of the money market
business generally was ut stand. The II
con market had further declined. and the
ior'Igu lmp0rtatlons oi -four and wheat were
enormous. II
Cotton had downward tendency, Man II
niacturcs were dull. Sugar, coffee. and ten.
have all shared IN the genoraI depression. III
Throughout Great Britain the harvest was
satisfactorily although the po,a-
10 crop Is affected to certain extent. II will HI
mol Interfere materially with the supply of III
Iood, The harvest throughout Germany is
nearly completed. and the crops are good. II
The elections To Parliament are termlna. H
led; aud in England, Iceland and Scotland.
hey have resulted IN decided minority in
support OF the liberal policy, both n govern.
nent and commerce. ll
lhe funeral of the late Daniel OConucll
vas celebrated at Dublin, on Thursday the
'Ih nst., with great magnifcence, and eve.
y outward marx OF the veneration and sor. {
ow of his countrymen. H.,
AT meeting held in Dublin, on Friday,
ne Lord Mayor IN the chair, It was resolved ~
Commence subscription, after harvest, =
Dwurds monument 10 o Connell, IN sums \
ol exceeding G5 each.
The Great Britain, at The last advices, re-
ialncd on shore Oh the Irish coast. The at fl
tmpls to get her aloal during the spring h
des were unsuccessful. Another attempt 7,
'iI be made this season, after some further g
epaIrng and patching. and getting addition. -
i proppIng gear
Lieut.. Monro, who surrendered himself H
hor, time ago to meet the charge of killing Hi
Iul Fawcett IN duel at Camdenburpb, b,
vas yesterday tired at the Central Criminal
our, before Mr., Justice Erie. After an alb. lee
ence OF twenty minutes the Jury returned b
'erdlci OF GUILTY, but strongly recommend i
"a The prisoner to mercy, IN which the Judge
ta'ed his concurrence, when he ordered -,
cntence of death To be recorded
The American emlgfant ship Charles Ilab IB
inch, oi GO tons. bound from Rotterdam to II
New YORK, with 262 passengers, was pur al
oseiy ran ashore near Calais on The 5 h l
nst, III consequence o' her leaky state, and b'
he passengers were safely landed. b.
- """'"t' '" ""o'cHlth and gentlemen -,
ave iornod themselves INTO an Association ~.
, purchase the house in which Shakespeare u
'as born. .,
The Queens visit to Scotland furnishes b,
noJ ct o' great interest to the English pco b.
IL. All The proceedings are described with, p
'onderInI pt"lixny, The royal squadron ar q
we'd IN safety at Greenock Oh the l5ih of 81
august Her Majesty was landed n, Dunn
nrt nj uh ,,ln "a
enicd 10 her. From this II was supposed {
he would proceed immediately TO Loeb I,o u u
iond. The weather was delightful. -
Mr.. Cubden, after visiting the Cou,t n,
'rrIn, has proceed dcd on his way to ST. Pc \ 2
'rsburgh, 10 discuss with Nicholas, the doc H
ines OF tree trade.
"A Strange Procedure. We learn from the ;,
Al b,, A hor - q