The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1854-11-02
DETAILS BY THE PACIFIC.

Our Liverpool and London files to the 18th ult
by the Pacinc contain additional matters of inter
ESeLAyp-The war in Europe is exhausting
the resources OF England, and 1t is said to be a
large cause oftLe commercial embarrassment there.
The Liverpool Times OF the 18th remarks;
War will soon prove itself TO be as great an
eXhausler "a famine. The cost of our srmy for
the present year has been Estimated at considerably
more than the support of the Irish peassntry In
Iei7 Thepeople require 5000 O0l. worth of corn,
which treatened TO exhaust our banks. Our ileet
and troops will require o,423 059E. before the close
Of the current fiscal year. The bullion receipts,
week after week, are immense, but the bullion re-
turns OF our banks show no increase The demand
for the precious metals appears to be greater than
thef supply, which is Infinitely larger than at any
former period OF our history. This proves that
an endless qusntity OF gold does not supply peo~
pie with money and that in trade, despite ell leg
lsaton 10 the contrary, 1t is simpiy dealt 10 as
commodity like all other articles. of commerce"
Per contra, the London Globe Of the 18th re-
marks:
Notwithstanding tue gloom which mas prevail.
ed in the city for the last few days. we never felt
greater confidence in the continued well-being OF
the country at large. Commercial men have got
themselves into scrapes, and they have to pay Tor
their want Of caution or their want of correctness.
The embarrassment OF lew houses makes great
sensation, ans cause people to stop tor a short
space in their ordinary operations but Liverpool
goes on as before. The channels for enterprise
when proper direction is selected We are not
ignorant of the complaints that the Australian
trade is stsgnant; but the statement is Incorrect
The escort continues to bring gold into Melbourne"
The clipper ship Red Jacket had arrived AT Liv-
erpOol from Melbourne In 60 l2 days, with 100000
ounces Of gold and rs 900 soyereigns. She reports
the Lightning and Carrigorm clippers arrived out
The Guiding Star had also arrived at Liverpool
with 50 GOO ounces OF gold
Queen Victoria and her court had returned from
Scotland to London.
Prayers have been offered in some of the Irish
Roman Catholic chapes for the souls of the brave
who fell at Alma.
The Liverpool Albion, speaking of the loss of the
Arctic says;
The steamer herself is underwritten to the ex-
tent OF 100000 in London, $50 900 in Glasgow, and
$4,000 in the United States The screw steamer
City OF Philadelphia, on shore near Cape Race, and
expected to become wreck was insured in Lon
don and Glasgow. The cargoes by both vessels
will be nearly all covered in America though one
or two small amounts have been done in Liverpool
not exceeding $500 ia the two vessels. Large
amounts were offered 10 our underwriters rooms
but, the premiums not being considered adequate to
the risks, they were fortunately declined
The subject which at present most occupies the
attention OF the British public is the lamentable de-
ciency of surgeons, nurses and surgical require.
Inents, which Is increasing the mortality among the
sick and wounded OF the army of the East. ma
tonat subscription has been started TO remedy the
evils and 1880 sterling have been sent to the Lon
don Times.