Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1847-11-26
LATER PROM EUROPE.


Saturday, about noon, from Liverpool, Nov 4.
Her news is eleven days later and is important
only showing continued and increasing en-
barrassment in commercial affairs in Great Brit
aim and to some extent also upon the continent
The advices from ERgidHd arc not of favor
able nature. Since the last accounts, more fail
urcs have occurred in the principal towns among
merchants and manufachNrs-and also several
banks have failed IN different parts of the eoun-
try. The North and South Wales bank at Liv-
erpool, having numerous branches in the Prin-
cipality, has succumhed under the Influence of a
mischevous report, which caused a run upon
the bank. The Salisbury Bank, the Shaftesbu-
ry and Hindon Bank and the Shrewsbury Bank
have also stopped payments.
In Manchester, the failure of Mr. Robert
Gardner, merchant trading largely to.China,
has caused great CONSERVATION. Several other
heavy firms there have also failed.
In London, Messrs Coates & Co., the buyers
OF goods for the American market, in Bread st.,
Cheapside, have stopped payment. Their ia-
bilities are estimated at 100000.
On the Continent considerable failures have
taken place; Leghorn, Genoa, Trieste, Lisbon
and Client having chiefly suffered. The French
house at st. Petersburg, Of c. Riva & Co., has
also failed.
The whole number Of failures in England anil
on the continent between the 18th Of October
and Nov. a, is ffty-taOo.
The European Times, in commencing its re-
view of Commercial affairs, says;
"The period that has elapsed since the issue
Of our last publication has been one memorable
in the annals of trade and commerce. Scarcely
had that paper left our Shores. when commercial
affairs assumed crisis that alarmed all classes,
and induced the Government TO issue letter Of
recommendation to the Directors of the Bank OF
England, to assist in mitigating the mercantile
embarrassments that were daily occurring. The
step taken by the Directors, in obedience to
this letter, has had the effect of temporarily tran
QUILTING the fears Of commercial men. And al
though great improvement has taken place
in the demand for colonial produce, or the val
ne at which it is sold, partial stoppage has been
put to further failures, both here and in London.
Still it must be acknowledged that trade, in all
its branches, labors under much depression, and
cannot, for some time yet, assume its usual buoy
ancy. The reports from the manufacturing dis
tricts, elsewhere alluded to, are most discourag-
ing, and add to the difficulties Of the present cri-
SIS"
The state of commercial affairs rendered it
necessary that Parliament should meet without
unnecessary delay, and the time appointed in
consequence, is the eighteenth of the present
month";
The cotton market had been in a dull and
gloomy state, and the general tendency ofprices
was downward. The recommendations of the
Ministry, and their adoption by the bank, caus-
ed an advance for a day or two, but prices fell
back again to the old quotations. Wilmer and
Smith say il is not unlikely that prices will far
Their recede.
The grain market has been more steady. In
the early part Of the week ending ON the 30th
ult, the markets generally were lower, but since
then prices have exhibited decided movement
upwards an advance Of lsto rs were establish.
ed in -four. The hast quotations at Liverpool
were, u. S. Flour, 2S sos; Indian Corn so a
Sos per 4S0 lbs ; Meal per Dbl. IA a lbs.
hreldnd.-Anticipating a scarcity of provis-
IONS the Treasury have re-appointed 23 Of the
100 naval and military officers who served un-
der the relief commission in Ireland last year,
in experimenting the distribution of provisions
One important cause of the meeting Of Par
lament on the 18th, is said to be the alarming
situation and threatening distresses in Ireland.
The Continental news is .meagrc enough
The hourly increasing danger. Swiss civil
war is the only topic which attracts attention.
The American and Russian Ministers had left
Switzerland, in obedience to orders from their
governments, and the Pussian Ambassador was
expecting similar orders every moment The
Austrian government has declared It's determin-
alton not to interfere between the belligerent
parties; this has cooled the ardor Of the Catho-
lie league, which has now appealed to France
for aid
In France, at meeting Of the Council OF
Ministers, the question of Switzerland was TAX
en- into consideration. 1t is reported that the
French Government will, during the next sess-
ion, bring in bill to repeal the law which ex-
clndes the Bonapaite family from France.
In Italy the Pope has instituted Counsel of
State, but the country was much aGtated and
the Anstrians kept possession of Ferrara.
The French steamer Union, from New York,
at Cherbourg, experienced two severe gales on
her passage, one off Newfoundland, which last
ed B days, the second of the Azores, during
which Ae boiler burst, and the machinery was
much damaged.
The ship Milton has reached Liverpool from
Boston, with a cargo Of la tons of ice.
There are twelve thousand factory hands in
Manchester without the means of employment
The King and Queen Of Spain continue on
amicable terms.
R,fSsia.-The report that the cholera had
broken out in Moscow, has, we are sorry to say,
been confirmed; fifteen persons (viz; eleven
men and four women,) have been seized with
it. They belong chiefly to the lower classes,
and had been previously i'll from eating fruit
aud being exposed to the weather; of these if
teen persons nine have died.
The Allgemeine Zeitung of the 27th ult.,