New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-06-07
VOL. VII. NO. so.


market and the inability want Of bersy on the part
OF the Bank Of England to relieve this pressure will
state general report in the city and report that reach
cd me through a reliable source The eminent and
wealthy house of Bsrings had large amount of bin.
placed In their hands by a house Of high standing
These bills the Earrings endorsed and sent to the Bank
for discount-not one bill was discounted bu, the whole
lot returned
Mr. T. Barring related las, week In the House of Com.
mons most extraordinary circumstance He said thst
the most substantial houses unable 10 obtain money
on the most undoubted security and he knew it to be
fact that one eminent firm in London (Bsring having
In their possession sixty thousand pounds In silver bull
on were utterly unable to raise money even upon ihs.
security This appears incredible it was stated in
Parliament that ii only ridiculous but mons
rous that great commercial house should be able
to pay ts debts with such amount Of bullion n its
golfers. ] was in the House of Commons when Mr.
Barring made his able speech the present monetary
crisis, and heard him refer TO this very His
marks were listened to with profound attention and great
surprise. Silver bullion is the standard Of value all
over the world ezceptin Engand-but in this enlghen
ed nation merchants cannot pay their debts with silver
coin
The Money market has not alone been agtated. The
Corn market has undergone a most extraordinary
change prices having risen at last weeks make,
unusual point This was owing 10 the small stocks Of
grain on hand In this country and on the Continent
On the llth inst Lord Hardwicke In the House Of
Lords asked two important questions of the Govern
ment relative TO the amount of Corn present in this
country, and he followed them up by valuable
statistical information. The first question was whether
the Government aware Of the quantity Of Wheat
now in the country and second, whether they could
state what quantity expected to be imported. lie
believed that the quantity Of food in the country was
not sufficient sustain the population until the next
harvest The quantity of Wheat had rapidly diminish
ed, and within week buyers from France and Bel
GUM were competing in the British markets, whereby
prices from eos to 1905 In many Counties in Eng
land there not than onefith Of the quantity
Of Corn on hand. He believed there a very short
supply the continent Of Europe and very little the
shores of the Baltic and In the Mediterranean at Odes
sa and in the Black Sea- the produce had been purchas
ed by France. The only hope wss in America to fur
nish supply and the reports he received from that
country that probably very small portion of
bresdstu6s still to This prospect was
therefore most dismal for England Before the serious
pressure he would the public Of the neces
stiles of the condition in which the country placed
He would warn them TO practice economy and care
all Injuries and indugencies should be cut down
brown bread ought TO be used and all starch disused
and not an atom employed except for food.
The Marquis of Landsdown replied to the questions
asked He said they related to most perilous subject
Every individual bad the opportunity to ascertain
the amount of Wheat on hand AS the Government, but
he would state that there had not since the harvest
been brought into the markets of the country greater
of Corn than during the corresponding period
NJ fha and he
of the last harvest much than that of the pre-
ceding it must be presumed that considerable quantity
now in stock. There had been enormous and
increasing of the importation of Corn into
this country up to the present time In January 66lO0O
quarters Of Corn were imported, and in April 100000
If the supply continued during the entire year at
the ratio the Of supply for the year would
be 100000 quarters
The Marquis of Lansdown said that he had reason
to apprehend that the supply from America was likely
to diminish the contrary the opinion Of those most
with the subject that the present state Of
prices which had unfortunately increased suc ent
no, only the whole supply of Corn which had
been destined for England but that portion OF the Corn
intended for other countries would come TO this
try Ho agreed that the state of the country rendered
it imperative duty all persons 10 incucs,e as
OF feeling well of economy, the strictesi
care in the use of food.
Lord Ashburton made few remarks on the subject
He thought that the largest portion Of Wheat from Anne
RIGA had already arrived He feared that large future
supply would not be received here There had been de-
cient crops great part of Europe The only ques
ton whether they ought ought not to place
restrictions upon the expectation of corn. England
stood in the singular position of being the only distress
ed country that did not restrict expectation
Lord Brougham entertained the least doubt that
the immense supplies of Corn that had arrived in Eng
land within the last four Notwithstanding TO between
three and four millions of qusrters-had been brought
here with view to reeXportation; and all this Corn
had come from America for It impossible that any
portion Of it could have arrived from the Baltic the cold
having shut up that He hoped great a,ten
ton would be given the subject before they ventured
to interfere with the Corn trade When Lord Brougham
had finished his remarks tho subject dropped.
The general scarcity of food in England, Ireland and
Scotland and the great advance in prices have prompted
all classes from the Queen down to the humblest ndi-
vidus adopt extraordinary system of economy in
their families The Queen commenced this system last
week by announcing that every member of her house
hod-which includes all the domestics and personsges
at Buckingham Palace and the other Pslacesshoad be
restricted to the daily of one pound Of bread The
Nobility followed the Queens example. The Dukes of
Bedford aud Norfolk Rutland, Grafton and Exter Lord
Broughsm and other Lords, have published letter on
this subject as follows
We the undersigned deeply impressed with the
distress which prevails among great number OF our
fellow countrymen in Great Britain and Ireland from
the want of necessary subsistence. and observing that
the prices food rising think /, our duty TO pledge
ourselves to reduce In families As far as may be
practicable the consumption of bread and -four; and
we invite the cooperation of those who may concur
with us in our estimate Of the present emergency
The letter Of the Queen on the same subject imme-
dia,ely caused much talk in commercial circles The
DAILY Necs of the l4tb says
d" The announcement in the Court CtrcalGr OF Her
Mslesiys orders seconds bread only in the Royal
Household and to restrict the supply of % one pound
per head per diem has made = considerable impression
In the city where IL 10 looked upon unfortunately as
an indication OF the Governments being in possession
Of information tending TO show greater probable
coming scarcity of oresds,ufs than was ever sppre
hendsd previously"
Every person, including the Queen herself Is now
using an inferior quality of bread The Morning
Heyald remarks that. when the Queen and her House
hold use secondhour and limit the consumption of tina,
and every other necessary the highest and the lowest
in the land will follow her bright and benevolent
ample.
s4.s- l.