Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1857-12-18
WHOLE NO. 267O.

lhhEE DAYS LATER FROM EUROPE.
HALIFAX, Dec 2,--The Cunard steamship
America, from Liverpool at II A. NJ, Nov.
%, arrived at Halifax at six o'clock this
"wednesday morning.
THE MONETARY CRISIS.
On Wednesday, the 18th ult., the applica-
tions at the bank for discount increased rath-
er than diminished, and the list of failures
was seriously extended.
The probability of further advance in the
Bank rate was discussed. but large gold arri-
walls was regarded as likely to render such a
step unnecessary. The funds we're firm thro'-
out the day.
On Thursday, the 10th, the Times saws
there was decided amendment in all the
mercantile quarters. Not a single failure was
reported and some special causes of anxiety
were removed. The same paper rcmarks-It
is understood that the application which has
been made within the last few days by lead
ing American house to the Bank of England,
for a large advance on securities furnish
cd from private resources of the firm, has
been most satisfactorily met, and that all the
accommodation required will be fully granted.
According to rumor, the requirements of the
firm in question Zone Of the most eminent in
! the American trade) nearly a million
sterling and, according TO the Dat&r Netrs
the assistance received from the Bank after a
long delibcration of the Directors, will, il is
expected, enable this firm promptly to comply
with the conditions under which the advances
were made. The pressure for money at the
Bank was undiminished and indeed some au-
thorities say it was more intense than ever
but the meeting of the Bank Directors broke
up without making any advance in the rates
of discount.
Private letters from Paris describe better
feeling there Some of the American houses
were beginning to get remittances, and the
situation of the Bank of France was improv-
ing At other Continental cities there are
likewise signs of an approaching tendency to
| a revival of confidence.
TURKEY.-The Times Paris correspondent
writes that difference is said to have arisen
between England and Turkey on the one hand
and Russia on the other, respecting the trade
and navigation of the Black Sea. This diff
ference threatened to assume some import
ance, but the French and Prussian govern
ments interposed, and suggested that the So
luton should be left to the Congress of Paris.
FOUR DAYS LATER FROM EUROPE.
SANDY Hook, Dec THE Baltic passed
here this morning.
The Banks of England and France were
each gaining bullion rapidly.
The distillers of France were memorable
ing the government for duty on foreign
spirits, on the ground that they cannot COM
pete with foreign articles
Nothing later had been received from In
dia.
The pressure on the bank of England is
gradually diminishing, and there are signs of
a relaxation in the discount market.
Money is abundant at 6 and per cent. on
Stock Exchange.
There are rumors of probable funding Of
Exchequer bills.
NJ Fould, French Minister of State, was
on a visit to London, it is believed in refer
ouev ~ financial affairs, and the question Of
the Principalities.
The French government had informed the
deputation of distillers that inquiries had
been instituted and would be guided by the
result.
1t is said that the SpanishMexican ques-
ton still portends danger. Lord Howden had
gone to Madrid to urge the reception of the
Mexican Envoy.
The financial crisis is beginning to sensibly
affect Russia.
The Bank of Lisbon was about to raise its
rate of discount.
Yellow fever was violent at Lisbon.
At Hamburg and Stockholm large money
ins ttutons had been formed to assist COM
mercial men and sustain public credit.
The extra mail from China had reached SUI
ez. Hong Kong dates are of Oct 5. The
news is unimportant. Tea is quiet.