The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-12-17
fOre1gn News,

s'e"ss
by the arrival of the Baltic, from Liver.
pool, at New York, on the eth, we have
English dates to the 18th of November
FINANCIAL NEws--In London, on Sat.
urday, the recovery Of the mercantile conf
dence made further progress, notwithstand-
ing the serious features OF the bank returns.
Loans on Government securities were readi
ly obtainable for short periods at lower rates.
About four hundred thousand pounds of
Australian gold was sold to the bank during
the day on Monday, and the line Of improve
ment was more distinct than any time since
the first turn became observable There
was continued absence OF further failures
and an additional amount Of bullion of
El6O.00O was taken to the bank. On stock
exchange there was an increased supply of
money, and short loans were obtainable on
government securities at seven per cent. AT
the bank the demand was less active.
The Times concludes the panic has passed
entirely away.
Heavy failures at Hamburg are reported,
including Nillberg X Crener in the Swedish
trade, with liabilities over 81 900 900; +.
Bla,s X Schomburgh, liabilities not stated.
From Bremen the suspensions were re-
ported of IL. Overlook a. Sassenburg. and
Meyer Liabilities in each case Of go 900.
AT smyrna, Tepuse ~ Co. had suspend
ed liabilities 100000
The weekly returns Of the bank are
henceforth likely to show considerable i'm
pr0vemcni.
In the discount market there were some
signs Of relaxation. The gold taken to the
bank within the week amounted TO $500
900.
The funds were buOyant and consos
at sos for money, and 9Oa9O tor ac-
count.
The failures of the day were Herman,
Siern Co.; liabilities heavy. Carr, Jos
ling Co., in the north Of Europe; liabilities
c3O0,0o0. Alexander Hantz, colonial pro-
duce dealer; liabilities heavy: all OF London.
Permission Il Marshall, American provision
dealers, Liverpool, and Jonathan b. skinner,
Bradford.
\ despatch from IIamburgh, announces
the formation of the Discount Guarantee
Society. with ten million marks banco CAPT
tai, the object is to relieve the com
mercial distress. The whole sum was sub
scribed in four hours Rumors were current
Of the probable funding OF the exchequer
bills
The London papers of Wednesday repor,
sales Of Illinois Central share, on the pre-
vous day, at Ii aall discount do per
cent bonds 15a.1. New York Central
shares -. Erie I'd mortage bonds &C.
ESGLA>D.--Generals Wilson and Have
lock are 10 be raised 10 the dignity of baro-
nets.
a boiler explosion at cotton warp fac
tory in Ilud,lersted had killed nine persons
and wounded many others.
FRANcE.--M. Fould, Minister Of State.
was on a visit TO London, supposed to have
reference to the financial crisis and the stu
alton of the Bank Of France. and to confer
with Lord Palmerston in reference to the
difficulties Of the Danish Principalities.
The Courier DUbas Rhine announces that
the headquarters of an English recruiting
establishment will be opened at Strashurg.
on the lst of December.
The Noyd says that the Conference Of
Paris has been put of until January.
The Bank Of France was gaining specie.
\ meeting Of Paris dstillers hal memo
rallied the government 10 raise the import
duties on foreign liquors, on the ground thai
they cannot compete with Foreigners. The
government replied j, would be decided by
an inquiry.
srAS.-lt i said that the Spanish Mex
lean question still presents danger. Lord
ilowden had gone to Ma,lrid to urge the IT.
cept'on OF the Mexican envoy.
FoRrUGAL.--The yellow fever was still
ravsging tie city Of Lisbon.
RUssiA.-Prince Gayariu. goyernor.gea-
eral of kntais and Mngrelia, had been us
sasina,ed hy one Of the Princes of Mingre.
LA
Letters from ~. Petersburg repor, that
the financial crisis was beginning -ensiby
10 affect Russia. Gold had become very
scarce.
Exchange on London had fallen.
AusrRiA--Letters from Vienna report a
continuance OF the financial crisis.
The price of raw prniuce had declined. f.
AMI money was So scarce that manufactured /,
goods found but few wholesale purchasers.
SwEpEN.A despatch from Stockholm 4
announces thc formation of society of Gre
dit and mutual support; and 10 maintain the .
public credit The subscription amounted
to $1,000 600.