Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-09-15
LATEST NEWS
BY LAST EVENINGS MArLs.
URINARY OF LATE FOREIGN NEWS.
PER STEAMER NIAGARA
Correspondence of the Commercial Advertiser. |

Correspondence of the Commercial Advertiser.
LoNDoN, Aug. 90, 1851
AT the departure of the last steamer on the 9th
it was expected that the failure of Messrs Ruck.
or & Sons would be followed by the suspension
of other houses, known 10 have been heavily
connected with them. There was consequently
considerable anxiety in the money market No
further mischief, however, has vet taken place,
and it appears that the firm whose stoppuge was
principally looked for have made arrangements
| by which they will be enabled to 90 on.
1t may be well to repeat the fact pointed out
by the last packet, that far as general business
is concerned everything is in sound and heal
thy condition, and that whatever failures may yet
occur before the end of the year will be found to
consist OF speculative firms alone, or of those who
may be colateraly damaged by them. Look
ing at the circumstance that there is scarcely
single article of produce, home, foreign or cooni-
al, which has not been involved since the 1st of
January last in fall ofprices ranging from to
80 per cent it will easily understood that failures
of some kind were inevitable; and the fact that so
few have actually occurred thus far confirms the
belief, previously warranted by general observa-
ton, that there has scarcely ever been period in
which speculation has been so limited Indeed,
SO far as mere unreasoning speculation is con.
cerned, there appears hardly to have been anv
The cotton purchases which caused the late Difficult
ties at Liverpool were founded on something which at
the time had the appearance OF rational calculation
and the investments in produce which have now ended
in failures in London, originated in an anticipation of
overwhelming local demand, to be caused by tie
Great Exhibition In the latter case, however reflec-
ton should have shown first, that the Great Exhibi
lion could occasion no increase in general copsump
ton, but rather decrease since the poor would save
in that way in order to meet the expense Of travelling
and secondly, that with the present cheapness ofreight
and rapidly OF transit, nothing but general increase
oil consumption could raise prices anywhere.
During the last two days there has been considerable
weakness In the quotations OF the public funds, Consns
having receded at one period from 96s to 954, which
although only five eghths per cent, is something very
unusual 10 our market, except in disturbed times. No
particular reason assigned for the fall but it is be-
yond question that the political condition OF the Euro
pean continent is exciting general uneaslness which
inc eases from day to day, and seems TO have gained
force from the letters and statements sent home by our
counirymen who travelling in large numbers,
and consequently enabled to verify from personal
observation the revolving histories OF the prevailing
tyranny that had previously reached us through the
newspapers
The accounts of the harvest both in England and
elsewhere do not vary from what already have been
given. The weather here has taken an unfavorabie
turn, but in the Southern and midland counties the crop
has been secured and is estimated at full average -
In the North there will still be little uncertainty,
but the general result promises at all events ordinary
supply. In France, on the whole, the crop also
very fair one, although the yield has been uneven, and
whilst some districts boast OF abundance, others COM
PLAN OF great deficiency In Central raj Egro2e appear
many has suffered severely from mildew, and in tle
Prusslon provinces OF the Lever Kline, the potato
blight s stated to have committed ravages that will
very obvious distress.
In Foreign politics the attracting atten-
ton is the ofPrince Meernich to Vienna where
it seems to be ayowed thai he is 10 resume his old in
huence. This all that was wanted tc complete the
tale Of the last years from lS49 to 1851. Everything
now swhero it
The liberation Of Kossuth ii is said, will certainly
take place the appointed tEe all the threats OF Aus
tra aud Russia which have been furious and unceas-
ing having thus far failed to territy Turkey, backed
she is by England and America, n!o new breach OF
faith.
Notca tioEs Of this sort hasten the ultimate crisis in
Austria, Tor they raise the anger OF the Emperor and
the Cabinet at Vienna 10 a pitch which nothing but
further demonstrations OF high handed tyranny can
relieve The Government organs scold the English
Ministry the verge OF Mysteries; and the question
relating to the absorption OF Italy and Hungary into
Austria proper, Intimate that Lord Pamerston had
better mind his own business. and that neither the
protest OF France nor that of England will be needed
The challenge MATCH 40 miles ont and 40 miles 10
for f lO0 between the New ork yacht America and
MIR. Stephenson's Iiania run yesterday, and
ended of course in the defeat of the latter vessel.
project which has been entertained during the past
year or two Tor extension Of the overland transit 10
India by means Of railways, so bring London and
Calcutta within seven days of each other exciting
Atlantic and Pacific Ship Canal Company, in opening
up the Nicaragua route, has likewise been subject OF
great remark. SPECTATOR.