The southern press. [volume] (Washington [D.C.]) 1850-1852, 1851-09-11

/ The accounts by this steamer are nearly five
days later than those received by the America
We have received Paris Journals to the 26th q,
August, and London papers to the 18th ult., in
elusive, together with midday editions of the
London Times of the 9th ult, received at
southampton, by special express, for the New
York Herald
The political news by this arrival is, generally
speaking, unimportant.
BIT from Madrid we learn that the oreatest
uneasness existed amongst the government, in
| consequence of the news from Cuba. The
| Marquis de Mirahores, minister of foreon af.
fairs, had had an interview with General Annie
the French ambassador, on the 10Th ult., when
the conversation turned principally on the affairs
OF Cnba, and the general assured the marquis
that France would assist Spain in repelIinc the
the attacks of the American pirates.
The English harvest was proceeding satisfac
tory The wheat and grain crops will be the
ilnest that have been gathered for many wears
i'he potato disease in Ireland had received
check, and the less from blight will be a very
trivial one
The commercial advices which we have re.
ceived by the Franklin, from London. are of
$ me importance. The announcement made by
The London Times of the Goth. of the failure Of
Messrs Rucker a. Sons, created general sunrise
and regret. The house was held ia HIGH esteem.
and had hitherto been undoubted. The liabili-
ties are stated to be over half million sterling.
and the house was said to be considerably in
volved in the failure of Messrs Castelli. Guishani
o. Co, reported by a previous steamer I'm
mense advances on produce (Which, during the
past few months, had sustained heavy de-
preelalion) ale stated to have caused the suspen
SION; but we understand it is probable that all
ltaNt Sxxrrlf ,,lt I'll. L
painful impression was created in the citv in
connection with Messrs. Fuckers failure. bv Tho
news that the senior partner died on the 25tb
ult Mr.. Rucker was rs years of ace. and had
been some time an invalid but his death. il il
assumed was FASTENED by the misfortune 10 bis
house. From the city article of the London
Times of the Goth ult, we copy the following
remarks as to the general state of commercial
affairs, which are valuable and important in the
existing semi crisis -
With regard to the question which an event
of this description suggests, as to the general |
state of commercial affirs, there is not the
slightest ground for anxiety. Since the lst of
January, there is scarcely an article of large
consumation which has not been involved in a
decline, ranging, in many instances, Coffee,
sugar, and cotton among the number) from 90 |
to 30 per cent. Such decline however. is
quite consistent with prosperity. and in fact
under natural conrse of Is, would be |
SYMPTOM of IT, More favorable crops than had |
been calculated upon, improvements in modes
of preparation and increased facilities and chean
ness of transport are all circumstances for con.
graduation, and il il to these that the recent
changes in quotations are to he attributed con.
Piled only slightly with an increased demand for
money, such demand partly arising from The
activity ofiuternal traffic. caused by the Exhibi
possibility Of which was distinctly
partly from the hoardnp poing
on in every part OF the continent and which
has been amply sufficient 20 oeunterac, all the
effects Of California. Under these circum-
$ stances, therefore, there had been no necessary
cause of loss to any one. Every business
carried on solely with reference to the wants of
the day, has yielded steady and, In the aggre Z
gate, large profits; but in all periods of rapid
commercial lrogress, IL must be particularly |
dangerous to hold any hing beyond what is ac- {
iualy necessary TO meet the demand, since in
'reaslng cheapness of production ia the very cs-
'ence of such progress, and it il from their
'avng run into this danger that the firms whose ,
osses we hive now to regret, must have occa- /
TONED their difficulties
When the worst of those difficulties shall be |
inown, and the crisis shall have passed away
erc, as it seems already TO have done Mt Liver
'ool business which even now is iDtrinsicalIy !
ound everywhere, may be expected 70 resume i
he most steady and satisfactory features The ,
ctiyity which really prevails is evinced by the r