New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-01-20
NETWORK TRIBUNE.
Political and Commercial Affairs in Great
Erifniu.
Foreign Correspondence Of The Tribune.

..
tie gloomy forcbodings from Oxford md Cambridge.
The Queen the Premier and Hsmpden, are deaf
to all. and DR.. Hsmpden is securely seated in bis
comfortable chair at Hereford.
But another great subject is rising up. which
threatens to seriously disturb the feelings Of the
whole British nation. IL is tie question Of admit
ting Jews to sit In the British Parliament Of
making laws for Christian nation. The Premier
Is the Attorney for Baron Rothschild In TINS case
He mas opened It IN q mastery manner, and al
burned il fog month or so. Petitions are being
prepared in all parts Of the country that the foof
q the British Parliament may be covered with the
protests Of the people against the Jews. Butthey
viii do little real good The gold Of Rothschild
secured not few Of bis seven Thousand votes in
the City Of London. The first city in the world
having returned him To Parliament, lac will be per
n,i,ted to take his seat The Parliamentary OATH
will be adopted to fit the Baron's conscience. IL
will be cut OF at one ends On the true faith Of a
Christian" will be thrown away. Christians will
srieve. but Rohschii will secure his seat
Topics of domestic interest having centored upon
the Hsmpden and Rothschid questions and the
,oyous Christmas season, the movement Of the
Bank Of England, reducing the rate OF interest,
claimed at the time little attention and had little
effect on monetary affairs. The general remark
VA. that il was en- njudicious step. The Chronicle
say. that it cannot imagine any possible justiiica-
ton for the proceeding. The DAILY Netcs calls the
measure premature and says, in effect that
Sbourh the Bank cellars are filled with gold yet it
/. gold not acquired through the Legitimate channels
Of balances Of trade. but through artificial aud com
pusory modes OF operation and II Will return I,
IL. to.f fIfY lat han
came. 1t is considered that such eccentric move
meuts on the part Of the Bank cannot be- made
without disastrous consequences. AT one time ac-
commodatiOn TO the mercantile world IS denied az
eight per cent aud within sixty days The interest
Is reduced to five per cent? The Spectator remarks
that the step has by no means caused such unmin'
sed Subtraction as it would have done even little
while ago and adds, "the journals of all parties
present an unusual unanimty Of alarm, and the
Bank is blamed pretty freely The Times looks
upon the movement as one OF very questionable
expediency' aud say that although 1t may not ap'
pear actually dangerous one, yet II cannot De re-
earded as exhibiting that example OF caution WHICH
from public establishment, might be demanded.
There has been only one serious failure within
the last ten days, aud there VIII not prooaoiy ne
anv disasters OF this kind for two or three weeks
but during the latter part Of anuary and IN Febru
kyv several houses will be compelled to stop pay
ment unless lively trade springs up and the dller
ant articles of commerce advance Ia prlce. But
there is poor prospect Of any improvement Ia
trade or advance upon any articles OF commerce
The failure of tire well known house Of Messrs
Thomas and Joseph Sands ~ Co. OF Liverpool was
nrobably known in the United States when the
steamer Of the sth arrived at Boston, as on thar
dsv Mr. Thomas Sands issued a circular 10 the
creditors Of the firm, apprzing them OF the stop
page. As there is branch house IN New iork'
this circular, no doubt reached them by the C0sc
donna MIR Thomas Sands was formerly Mayor oil
I'D III esteemed
mercial circles. He was agent for aud part owner
Of several OF the New-York and Liverpool packet
ships. he was the principal owner, with the nIn@
of the screw propeller Sarah Sands, ana MS
original intention was to build scNera Nesses on
the same plan 20 form regular line between
Liyerpool and New York. Mr. Sands states that
The honse Of MesSrs Sands. Turner " 20. Will not
be affected by the failure OF his house indeed, he
saws that the amount coming 70 him from thtt
house will form q large item IA his assets Messrs
Thomas g. Joseph Sands transacted very large
business i'm England in the h est Indies and IN the
United States Mr. Sands states that the cause OF
their failure NAV be attributed % the difficulty 81
obtaining remittauces 10 the decline IN the value
of property. and still more the misappropranon
Of iupds by those who were associated with me IN
ioint trans actions. IL Is stated, however tha'
the stoppsge OF Messrs BiGsn a. Son corn
house, who were indebted 10 heesrs' Saws 70 sne
amount Of f24,OO0, and who are likely 20 pay bui
a small dividend was the immediate cause OF The
event The liabilities Of Messrs. Sands are stated
10 be $50 600
Another meeting Of the creditors OF Msssrs. Coates
A. Co the American house that stopped payment
a aw weeks since. was held on the 2ith INST.
fresh examination of the accounts OF tins hrm shows
COS SOS liabilities, A22,25J assets 1t was stated
,hst Mr. Coates had made an olfer % pay IS % ih
tbs pound by four instsllments, running u eight
months One Of the creditors SAID It was sing air
that MIR. Coates should now oher only IS GA IN inc
eI4E
showed . Cd He repudlsted the oder and recon-.
menaed the creditors to resort 70 me Court OF
Bankruptcy to wind up the concern anu no Pee
seuted r, solution 70 TINS elect remsrAln5 tna thc
par;ie, had carried on business Tor years "i'no.'
taking stock, and with nominal capltSi only
creditor recently irum the United states stated tpA.
nothing would Be realized from the estate in lnA.
country After some farther discussion the offer oi
Compromise was negstiyed and the chairman vas
authorized Gle declaration. 40 mat tne estate
should be wound up 10 bankruptcy AnS ~
Net-s remarks that II may be doubted whether N''s
was the most prudent or polite decision since 10
sro.s acts OF immortality or OF pr0disal expenditure
sere charged agsins, the hfm, aud, says the Nf1rs
i, might be well for the creditors - remember
thai The in.olvents, being OF another country wight
readily withdraw themselves from the Jurisdiction
Of the laws OF England. 49,
The creditors OF the great house OF Messrs Ira'
nan A. Cook recently held a meeting. when state
rneut OF the affairs Of this concern was read. The
liabilities Of the firm are estimated at t3ls7so and
the asset. 81 t326 324. The house hss .ost during
the las. twelve months no less than l94 wv It's
Affairs will be wound up under Inspection Inc
creditors accepted proposition OF SOS N me pound
payable in FIVE instaliments; the hrs OF . On 'ae
18Th Of January and the last in APrii, lef'
TIE old and well known house OF Messrs. Jo''
Ungh \. 90. Of London in the Russisn trace
stopped payment on the 2sth. Their hsoliities
are soc 600 and their assets are 10000, but
large portion Of their cap,s is locked up IN uEPro-
ductive works IN Rassia- Messrs DcGHes Brothers
sh,p owners and timber merchants OF Cork. have
STONED payment Their liabilities are 40 COO
The sugar establishment vi hessrs F0ro.si. Jsii-
rea A. Co. OF Marssilles. which suspended some
time ago, with liabilities amounting to 100000
has been unable 20 90 aud It's affairs are 70 be
settled IN the Court Of Bankruptcy
Accounts from Liverpool state that good deal
of oi.sats lscuon Is expressed BY parties .nteres,
"a Ia toe Royal Bank that details o. is scta
Al positon have not been published The quota
ton Of shares "a 4250 for 800 paid. Reports are
current 70 the disoredil OF the bsnk
The interference OF Parliament in behalf oi the
shpoxners 10 secure 10 them freights on goods 10