New Orleans daily crescent., 1856-09-26
THREE DAYS LATER FROM EUROPE.
ARRIVAL OF THE ASIA AT NEW YORK.

The Cunard mail steamship Asia, from Liverpool
on tue 9th inst arrived at New York on the morning
of the 18th, with three days later intelligence from
all parts of Europe The U. S. mail steamship
Arago arrived at southampton on Thursday, the 4tl
inst.
A dispatch dated Plymouth, Sept. g. says: The
American ship Ocean Home, and the Cherubim came
into collision at o'clock this morning off the Lizard
Inc former sank i'll twenty minutes atteward, taking
with her II souls She was bound from Rotterdam
to New York with German emigrants who with the
crew and officers, numbered los persons. The mas
ter, Merryman, and q of the passengers and crew
were landed at this port this evening by the Perse
yerance pilot boat The master is seriously confused
The cherubim received little damage, and proceeded
to London. The second mate steward, and four
seaman Of the Ocean Home got into the long boat.
but their fate is doubtful.
The Incident that has caused most excitement in
London is the stoppage of the Royal British Joint
stock Bank. This bank transacted large amount
OF business, and had branches at Islington in the
Borough and lambeth Application has been made
to the courts of bankruptcy. About 800 persons
held stock in the bank, and as the inability was not
limited, they are Individually liable to the extent of
their means. Reports say that the prospects OF the
assets are very unsatisfactory and that the ruin will
be total to all concerned.
Among other revelations it now turns out that, ,sa-
though the bank has existed only seven years, the
loss OF the whole of its capital took place long ago
The most irrecoverable disaster consisted in a bad
debt OF e23,000, for which iron and coal mines in
Wales were taken as security on which, according to
the old example in such cases, new advances were
made in order to retrieve the first loss until total
was sunk Of more than Gll0 ,000 In addition to this
the bank suffered by the failure OF Mr. Edward Oliver
of Liverpool, and by variety of other connections
with doubtful people.
The worst feature Of the whole case, however, CON
ssts in the fact that some of the directors have helped
themselves to an extent which is likely to involve
deficiency of f50O00. These directors contrived to
retire before the breakup took place, leaving less cu
pbe men to breast the storm; but their transactions
will still probably be brought to light and in that case
the disclosures are likely to be of extraordinary
description. One or two of theparties implicated are
persons enjoying public position.
The London Morning Star, of September 9Th, saws:
" 1t is understood that treaty recently concluded
between Great Britain, the United States, and the
State of Honduras relating to matters in Central
America has gone ont to America by the Cambrian.
But it cannot be officially promulgated until confirmed
by Congress"
Correspondence of London paper says: q The
difficulty between the American Vice Consul and the
Austrian Colonel remains in statu quo the application
of the former for redress to the American Embassy
at Rome having met with no satisfactory response
as yet-Mr. Cass the U. s. Minister being absent
from Rome aud his substitute having no instructions