The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-11-05
LATEST NEWS.
THE Easspssn Ns>ss.

we nave gwen 10 our readers the Icle-
graphic news, as received by the steamer
Baltic ut New York on Sunday last We
have New York papers Of Monday giving
US the details. The financial pressure Of
America had been announced In Europe,
and was beginning to be 81, in all parts Of
the Continent. The London papers are
filled with long articles. The general tone
of the papers was that OF confidence that
the panic would soon subside. The susI~n.
sion of the New York Banks was not then
known, and !, is probable the news by the
Persia, the next steamer that would sail will
not he Of NJ confident character. The
Bank Of England had raised the rate of in
tercst to per cent. and II was Ear,l the
next day would find il increased To 4 DIT
cent. There were several failures in Glas.
gov, which had exercised serious effect
upon the Manchester manufacturers, and a
number Of failures Of silk dealers had taken
place. We copy from the London New,,
the following paragraph, which reflects the
opinion Of nearly the whole London press
upon the subjsct:
That the large failures in America must
OF necessity entail heavy LOSSES on many Of
our merchants AMI bankers. or that the yen.
cral state Of European finances will main
tain for considerable period great tight
ness IN the money market, il would bc folly
to forget or to treat lightly We cannot,
however. sec that there is anything. thus
far. 10 create alarm AK 10 the power Of the
Hank Of England 10 maintain its credit,
and 10 assist largely the financial world IN
bearing tho pressure, or IN tho general stat,
Of our commerce 10 induce belief that
there are any elements existing. like the
ovcrtrNlng Of lsl1, 10 render such Calm.
tiles IN then enaucd probable. II In not,
however, 10 he wondered at that the occur.
renee Of the American panic in 1897. and
our own in lsA1. should, by u singular 90.
incidence OF decnnial periods. weigh heavily
IN unrcilecting minds.
From India, the news is favorable, but no
decisive actions hNi occurred. The follow.
ing paragraph from tho London Morning
Chron,oie, Of the 18th. contains all the news
received nm 10 the sailing of the Rol,ic.
uho , .,.,.. a.. go, a.
49,. a. y. ~ !" WV r"'''s" one,
+, -, 80. V e'.', '.' :" '""Ao'
selves expected On the 10th Of August
the heroic Ilavclock, always successful
n.u,. aa;n.J A. ~ SUI - '.'', WIZ
r.hai. sr"n. . .'s s m" . ...!, u''v,nS .m
LII ,h"n ",.. o"s p' ''" n' n"no"r'
a.a. 80" ~ "'~n"u Nv, now
. 800 "",sua ~ n"""is1', ,"r improvements
~ s.". .s ~ us ''''e' W '"'.hno"
n;'u .,,,, Sa Ia' .",'os ga,r,on o' 'ha'
3 .,,1aI ~ wv. y. .''I ''a" VI ,sS' aco"h'"'
% ~" .. a", '"'n a''a''n a WIN gr,m' 'oss'
~" 1911 "ay NV, "',''"' wh'cn .ne
1871 n," W." '"'k"n" "". .''', .Nn'p''"
hanor.,5 ,a', ~ ~. y "' nus wv -.
'io,n,n;na =, LIZ. ~ i1 ~. "''""s u nr ,.'.
,,",h, ,,., 81 ,La, ~. a'. ua" =. no" ,','
"". III; M T., ." .,,. . nv ','.1 W',",' 'lck
,'aI ...,.,I =, ~ m no,,o'"' o"t'a"
,"nh". ,nL -. a.,,'', ' ~ " ill., .'' ~. :" 1ep
w.'I .,,srm.,as =, ~ J"," .." o,, u u
,a ~ nv, I'M, "a'"N u, mum y" w v'n oeI'
vance 10 the relief of Incknov. Ihforc
Delhi active preparations Ind been resumed,
ah' ,le aSN"'t was looked Tor on The lst OF
arr;voJ ,iro W,,,n,b' LIN m, "o""' nav
,jneers had bern defeated nv GENERAL Nichol
son and Major Eyre. General Nicholson
hal captured thirteen guns and the camp
p"Kssgc ., ue TT's' v'hei Insurgents
n, AlIyubnr iris Z 40 sr . cIe"s "a,,
The progress Of mu,iny had not, indeed
been wholly stayed II Is better. however.
nm, INN, Ine al"ae should openly ethlbi, i,seI'
on r" TO hon".'i . "spy ',a., NJ" W. 'nn
sumnarily deal with over, acts I'm, how
can W. JaIsish the rebel AT heart who r.
mains passive and nndeinonstrativc. conceal
"s IVY W." 'e"." "'"Ho'. NV '.R'