Democratic banner., 1847-11-15
T FROM EUROPE. .,
ARRIVAL OF THE CALEDONIA.

wed here at IL O'Clock, M, { o-day with
London dates Of the 18th, and Liverpool Of
1.-THE 18th ult. . odi-:: rcii
The money market continues deranged,
and since the sailing ofthe steamer of the
4th, many additional failures have been re-
ported. Flour and cotton are heavy, and
the prospect looks exceedingly gloomy.
The disastrous monetary pressure, recor-
lded in the last advices, has continued to
rage during the last two weeks with uunaba-
tetseverityinvolving serefaladditionalfail-
ures, and infusing a deep and i~mpenetrs-
BILE gloom throughout the whole CONNER
cial community of Great Britain. To such
a point of inaccessibility has money now
arrived, that there is scarcely any one house
that can be looked upon without suspicion
no matter how exalted its position.
We may avoid further anhunciations BY
stating that, altogether, FIFTY-FIVE
HOUSES HAVE EITHER BROKEN
|OR Observation-Disclosures, SINCE
THE DEPARTURE OF THE LAST
STEAMER Yesterday it was announced
that the Royal Bank Of Liverpool had been
compelled to suspend payment. The mon
ey market continues most stringent, but
London papers of last night indulge hopes Of
partial restoration, and ExcheQuer bills
have been done at l5a3Os. discount. Bank.
stock is quoted as dull at 1S2alS3s.
At the corn market, at London, on the
18th ult., there was an extensive supply of
foreign wheat, but transactions were limi-
ted. American descriptions reeeded, from
2ass per quarter, without any progress be-
ing made in sales.
Cotton Market.-New Orleans ordinary 10
niddling, 4 l-2a5 lid per ID; good to good
fair 6 l-2a6 3-4d; good to fine 7asd.
Business wear a gloomy aspect. Daily
additions are made to the number Of mills
that work at intervals, and to those that
have closed entirely. There have been adj
ditionai failures to those already publish-
led.
Hemp.-Dev rotted, per ton 28af3O.--
Hackeled, 3Oaf34.
Miscellaneous Mps.-Parliament has
been prorogued until the 18th November,
when it will be further adjourned until the
9th, Of january for despatch of business.
The Lord Mayor o fLondon gave a splen-
did entertainment on Saturday week to the
Duke Of Cambridge, at which a very large
company was present. The invitations in
cluded his exceliency Hon. Geo Bancroft the
American Minister, and three Polish prin-
css. Mr.. Bancroft's health was proposed,
and his address, in response, was warmly
received. -
Accounts from Italy being intelligence
that Ferrara is about to be evacuated BY
the Austrian troops. The Pope is left in
the undiSurbed exercise Of his civic aud
10 administrative roforms
A civil war is still impending in Spit--
|=eri7nd.
Serious disturbances have occurred in
the Siciles. "ltfH .f.'.'
In Spain, Espartsro has been suddenly
displaced from the head Of the, New Minis.
try, and Navarez installed in his place,
The French influence is thus shown to have
been again triumphant in this distracted
country no ~ ?
The prospect of affairs in Ireland, during
the coming winter are, indeed, gloomy =
nough. Famine in an aggravated form has
.reappeared, and Queen Victoria has issued,
a letter commanding general collections to
be rsisedsin the established church, for the
relief Of the suffering and starving peasan-
try: -
Bishop Onderdonk.-The N. 7. Journal
of Commerce. referring to the discussion Of
the Bishops case in Convention, and the
effort to make a canon to fit the subject,
disposes Of the whole affair, no doubt, very
satisfactorily to itself, in the following SUM
mary manner: lat
We would go to the New Testament, ADD
there wehave a Canon of inspiration, which
hts and settles the matter at once. Nhn
Timothy iii, It'll: Moreover he . bishop]a
must have a good report OF them which ara
without: lest'he fall into reproach and the
snare Of the devil. We do not believe
there can be any doubt that By this Canon
Bishop Onderdoak is rendered ineligible
t- .-~@-- .ufs
Diplomatic Relations soiM Rome.-We
have it from good authority, says the Phil
|adelphia Inquirer, that our Governmenthas
determined to open diplomatic relations
with the Papal See. We understand also
that Col. ]. s. Din Sole, Of this city, 10
likely to be the gentleman selected a.
charge d%'affairs to Rome.