The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1857-12-27
EUROPEAN NEWS BY THE PERSIA.

The steamer Persia arrived ut New York on Friday
with three days later intelligence from Europe bringing
London dates to the 18th instant.
The monetary crisis in the north of Europe continues
undated All the paiatiyes rcsorted to in Hamburg
Denmark, and Sweden have proved unayailing; and
they consist in nothing else than transfer of capital from
hand to another this is only what to be expected
Switzerland to have been drawn into the vor
tex. The system of accommoGation-bsa and CONNER
cal insncerty have created the evil and more accomo
daton and more insincerity will not remedy It,
The statement of tho Chancellor Of the Excheauer in
the House of Commons that the bank of gold and
notes had increased to $4,000 pounds produced ia
voable impression especially it is believed to have
been subsequently augmented TO nearly four million
pounds and large additions have been made to the stock
of gold in the issue department. Ftsa
The accounts from the English manufacturing districts
not encouraging. Many mills have ceased working,
many more working short time, and the recovery
from the present state of depression will probably be slow
and unsatisfactory. The Bank of France has announced
further reduction in the rate of discount The rates
hereafter will be 8, and per centum for bills having
respectively not to run more than 30 co. or 90 days
The stock of bullion in the Bank of France steadily
the increase it now amounts to nine millions sterling
and according to the last return of the bank, the dis
counts have decreased consderablyto the extent it is
said of nearly two millions sterling.
telegram from Hamburg, of the Sth inst announces
that the Discount Bank of the State has commenced ope
rations, its rate being 10 per cent.
The Prussian government has refused to listen to the
proposal to suspend the law which prohibits the circa
ton Of foreign bank notes in Prussia
letter from ST. Pctersburgh, of the 29th in the Con-
aioae, says 1.-THE commercial crisis begins to make
itself felt here Several houses have already stopped
payment, and among them that of Balden whose liab
ties amount to about million Of roubles Serious APP
prehensions felt for Warsaw and the houses in rela
ton with Poland I"
Active negotiations says Paris letter in the Nord are
being carried between the English and French govern
ments for coming to understanding the subject of
the prncpaes before the meeting of the conference
La, .I 49,
be the English and French commissioners in the
princpaities to notify to the dvans that the powers will
not admit the nomination of foreign prince.
Intelligence has been received from Bombay the 18th
November.
Sir Colin Campbell reached Cawnpore on the 4th No
yember, and crossed the Ganges the 9th, to
Lucknow, with 1000 men of all arms.
Col. Greatheds column arrived at Cawnpore on the
26th October and proceeded the 3st under command
of Brgadier Grantbeing reinforced to 5000 strong
with large supply Of provisions to Alumbangh, where
he awaits the arrival Of the commander n-chief
The Dinapore mutineers driven from strong POI
son at Binder, Guttahpoe, by detachment of 500
men under Col. Powell SD foot Two guns captured
but with severe loss. Col Powell killed
The contingent at Mahedpore mutDied the 9Th No
yember and killed two of their officers; but eleargphic
despatch Just received states that they attached by
the Miow field force and routed, with loss of all their
guns
Lucknow is said TO be surrounded by so 900 insurgents
The force ut Alumbaugh only three miles from Lucknow,
though in easy communication with Cawnporc had not
received line from Lucknow for more than n month
heavy fighting with slaughter is believed to have oc-
cured
The column under Brgader Showers has captured Hui
CUR Dadrce Mnond and other places southwest of Del
hi securing upwards of $40, 900 worth of treasure.
An agent Of the Nena Sahib has put himself at the
head Of the mutneers of the Gwaor contingent and
thought probable that he may form junction with the
Dinapore nutnecrs at Banda that he may march di
rect on Calpie
despatch dated Calcutta October 81, says commune
raf, md into
Lucknow of later date than the 2st of October On that
dry food running short and it would that the
gun buocks being slaughtered But relief APP
preaching.
There is doubt that the Kings (of Delhi life has
been guaranteed He will be sent to Allahabad for
veyance to Calcutta s-..
COMMERCIAL.
LIVERPOOL, Dec l2.-The cotton market has declined
Id, and holders pressing the market Sales of
the week 90 900 bales including 800 spcculatons
and 900 for export sales Friday 5000 bales closing
quiet Mt the decline. Quotations for fair Orleans,
sgd mddlng orleans CID. fair Mobile, CID; midng
Mobile, 6ad.; fair Upands 6ad; middling, I'd. Stock
in port 1852, 900 bales, including $50, 900 American.
Breadstuhs had an advancing tendency, and since
Tuesday all descriptions slightly dearer except
corn which dull and lower. Provisions were very
dull.
The money market slightly easier Bullion in the
Bank England had increased 500 600 sterling Con-
soils for money, shut for account % 81 s9it9H
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