Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-09-10
From the N. Y. Commercial Advertiser, Sep s.
ARRIVAL. OF THE FRANKLIN.
FOUR DAYS LATER

IOOEL LA IL.
The United States Mail Steamer franklin, Captain
and Southampton. Capt. ". left Cowes at 6 o'cIock
on the morning OF the 2Sh OF August, thus making the
passage in eleven days
GENERAL SUMMARY.
Correspondence OF the Commercial Advertiser.
~. LONDON, Aug. &c, 1851.
failure which has occurred OF greater MAGNITUDE
the departure OF the last packet The house ia that Of
Kucker & Sons, and its liabilities beyond G50O 600
The firm was produce brokers, and thew have for many
years held high position in London. Tie event was
altogether unexpected, and has created great sensa-
ton. The result is very uncertain, but as there can be
no doubt that the private friends the partners would
have prevented their SUSPENSION il the object could have
been effected by any reasonable sacrifice il is feared
that they must have been engaged in specuations to
large extent, and that the loss will prove extremely
heavy Coffee understood 10 have been the article in
which they have been most deeply engd ged.
During the whole OF the present wear The prices pro.
duce OF almost all descriptions have experienced an
uninterrupted fall. In cotton, coffee and sugar. has
been not less than 20 80 per cent But as this tall
has not been caused by diminution of consumption
there has been good and profitable business for all
parties except those who, in the face OF increasing cul
tiVaon, improved methods OF Manufacture and Cheap
er labor, have been foolish enough to hold large
stocks in expectation of rise, instead of conenting
themselves with supplying from day TO day the legti
mate demand that existed.
ure well those which preceded it, both at Liver
pool and in London are not to be viewed ndicat-
ing in the slightest degree an unprosperous or danger
state of general atffirs. The community at large
have of course been benefited by the universal fall in
prices, and those among the trading classes who have
keptto steady system have also benefited to pro-
portionate degree by the increased transactions to
which the general cheapness has given rise. It is only
those who instead OF pursuing the routine operations of
supplying the wants of the country from day to day.
have preferred the risk of attempting suddenly 10
make lose their fortunes, that have been now brought
down.
In every quarter trade and manufactures show signs
OF undlmnlshed vigor and especially during the past
fortnight line prospects for The future have become still
more favorable. There never time when the CD.
portuntes rewards of steady industry in England
were more distinct, or more easy OF attainment, and
unless something occurs, the warning OF which is not
present even on the horizon, there is to look
Tor anything else than Continuance and increase OF
this favorable state or at least the three four
years. The impending trouole the continent may
doubtless cause temporal uncertainties and CONFUSION
in particular branches OF cummerce, but the appresn
zion OF the inconvenience IN tina. respect is greatly les
sened by the experiences of l849 which has us
| that we have nothing to dread if we will only coutne
! our attention to our affairs.
On general subjects there is nothing new to commu
nicate. The feeling with regard 10 the couduc of the
Roman Catholic party in Ireland is very general and
decided; and government may consequently rely on al
most unanimous support 10 any measures they may
deem necessary. No serious evils, however arc anti.
cipated, since the idle threats which dended poor
Smith OBren to his ruin, and their miserable termina
ton, are not yet forgotten.
The Complete triumph of the America in her race
with the vessels OF the Royal Yacht Club has been &C.
cepted here you will sec, with very good grace and
the details which have been furnished by our papers
and which are ample and exciting, will doubtless
spread with rapdity from end otthe Union to the
other. 1t is the Ang o-Saxou alone who can under-
stand that there s blessing in being beaten and in
thus having the information forced upon him that there
is in existence something superior to what he had ye.
contemplated and that he must consequently deveops
new energies, 1.-The would escape being lef5 behind.
With this success of the America ana the unpa.a al
leled voyage of the Pacific across the Atlantic in the
Spring. you have earned glory enough for enc year,
but to tetectlys minds far Brighter and more mo-
mentous achievement has been announced by the
steamer which has lust arrived. Tire success Cap
tam Vanderbilt and the Nicaragua Canal Comya in
overcoming, in little more than year and half all
the nsumountable difficulties OF the transit between
the Atlantic and the Pacific, ia the face OF Discourage
ments and evil representations which appear TO have
been even louder from their countrymen than from
is circumstance which Ii do more than any thing
that has yet happened in your annals to accelerate the
progress OF the world. SPECTATOR.