Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1851-10-23
New York Correspondence Of the Times.
New YoRK, Oct. |, 1851.

''"""U"s WiNeu III liuilldA. VII i"Ss""s
morning, with days later adviccs from
Europe.
The Liverpool Cotton Market was heavy,
with declining tendency in prices. The
reports of the Money Market are, upon the
whole, of a satisfactory character.
Your readers will hail with satisfaction,
the intelligence, that Kossuth has positively
been released by the Sublime Porte, and is
now on his way to this country, in the U. S.
steamer, mississippi. His reception in
New York will be a triumphant one.
Louis Napoleon has been giving special
lcvce TO the markct-women of Paris, in the
ElySee, on the occasion of the Inauguration
of new market-hous ....
The news of the movements of England,
Spain, and France, for the protection of Gu
ba, is confirmed.
The perplexities of Germany, political
and commercial, continue as nexplicabc as
ever.
The news from India is of little general
Importance; but the onward progress of the
revolution in China threatens the hercdita-
ry succession of the Tartan Emperor.
The steamship, PromciheuS is due here to-
day, with two weeks later news from Cali
fornia, and other ports Of the Pacific.
The Brig, AdUdnce, one of the vessels
sent out by our Government, in search Of
Sir John Franklin, has just arrived at this
4 port. The .4duance, lost sight of her con-
SORT the Rcscue on the 18Th ultmo, in gale
OF wind. The officers and crew OF bo:h YES
sells were all well. The Advance, brings
intelligence of traces Of Sir John Franklin's
expedition, beyond what we have already
heard from other sources.
B,oomcrism has extended TO Europe; 4
number of its converts having appeared in
the streets of London, dressed in the new
costume. A strong minded woman nam
ed Mrs. Dexter, has followed the example
Of Mrs. Cove Nichols, and delivered lee
ture on this interesting topic, ''dressed in
!, character"
The London Leader says, ''An anti-slave-
ry meeting was held at Bristol, on Thurs
day. Mr.. George Thompson attended, and,
as before, he denounced the Americans as
miscrcant republicans, fclons of the highest
order and used other mild cpithets."
The Canadians appear TO be waking up
from thr Rip Van Wrinkle sleep that has
kept them so far behind us, for so many
( gears. Though a little late in the day, they
: show the inclination to enter OH the godhcad
career, which they must adopt, if they ever
| think Of attempting, at some future time, TO
knock at the door of the Union, fcr admis-
: sion.
: Taking the Banking Laws ofthis State as
= a model, they have passed Statute based
on the same principle. Hitherto, though
the few Banks in existence in Canada have
2 been safe enough, still, from the scarcity OF
+ such institutions, the means of the Province
/ have been limited, and lis resource, Of
f course, comparatively undcveiopcd; for
\ however prudent il may be, 10 limit the pow.
e ers coniided to Blinking institutions, and
= however wise TO oppose the establishment o.
1 One Vast Politico-Flnancial Monster Will
A giant arms stretching from the St. Lawrence
3, TO the Rio Grande, and from the Pacific t.
d the Atlantic, still, no one will deny, sup
= pose, that if the State grants a charter tc
n arg Banks at all, the multiplication Of these
!, Institutions, on a safe basis, such as exist
5 in this State, becomes, not only natural, bu
absolutely necessary. Competition in Bank
# ing, SO far from being unsafe and pernicious
Il is, as in every other branch of commerce
r conclusive to public good; since without it
Y the few privileged Institutions would becom
nothing short Of family c|iGues, or the en-
gines OF personal oppression; whereas, b.
increasing the facilities for public finonca
accommodation, the most obnoxious power i
most cfiicaciousIy destroyed.
II may mention, as one good resulting fror
g the completion created by this recent cnact
4 ment in Canada, that the large mijori'y G
: the Banks in that Province now redeem
P their notes, in this City, at ] and Per cen
a discount; and th2t the rate of Exchange be
e tween Montreal, Quebec, Toronto, and III
n other Canadian Ports, has fallen from 81
d and sometimes from as high as 4 per cent, t
T. the standard just named.
e How are you off for money? I don
mean you, Individually; FOR, fyou be not a
, exception to the general rule, YOU cannot b
- "hush." Printers are generally poor mis-
. cradle devils, and these OF them that have III
u misfortune 10 publish or edit paper ar