The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-31

in that gave Increased employment.
for the DEPOSIT Of silk which advances 20 be made
under the authority OF the Chamber of Commerce
THE MONETARY CRISIS IN THE NORTH OF
Advces from Hamburg Of the l2tn instant announce
that the Assembly of Citizens had adooed the proposal OF
the Senate place the 10 900 00Of received loan
from Austria in the Discount Bank but To employ them in
giving peclnary Aid TO great houses on the point Of
stopping payment which stoppaee would be heavy blow
10 in general. Commission of Confidence
has been Drmed 20 distribute the money On the other
hand the Treasury authorized to lend to the Discount
Bank the surplus over what requires, not exceeding
100000.
proposition has been made to the Swedish Chambers
TO eontraca loan Of SO 600 TO support commerce
Norway las contracted loan Of So 900 600 for the same
purpose.
private etter from Hamburg of the 10th inst Says
The financial condition Of town, far from having
proved since the 4h has, the contrary grown
much that this day six eight firms of high stand
ing have been compelled TO stop payment Other failures
mercal ci. of Europe The CONSERVATION IS so great
that the savings banks crowded with anxious
10 draw ont the smallest deposits Toe authorities
have found necessary to have recourse TO the military
10 keep order.
telegraphic despatch from Stockholm dated the 10th
with view meet the crisis the following measures
have been propesed<o the Diet -
A State loan OF 10 millions.
Employment of the disp0sab portion OF the loan for
railways TO the amount Of 10 millions.
Permission for the banks TO issue notes bearing interest
the National Rank
Modification of the Bankruptcy law.
Five additional houses have suspended payment at
Stockholm. \ great number OF workmen have been dis
chars ed in the wood yards and saw mills
Vienna (Dec. li) correspondence Of tho London Times
The Vienna public is delighted that the Austrian Bank
has been authorized by the Finance Department TO lend
helping hand 10 the distressed citizens of Hamburg, and
the holders of bank shares well pleased TO get six
per cent capital which, under common circumstances,
would have remained totally inactive until be resump
ton Of cash payments IN January, 1859 The sum lent
by the Austrian Bank to the free city Of Hamburg is
10,00O000 of marks banco (about f6O0 000) Silver,
in bars, of the above mentioned value Will imme-
diaely be forwarded TO Hamburg and the loan is
repaid in the same metal "whin a year" II is, how
said in the contract, that the republic the Elbe
can, if peases, discharge ~ debt at the expiration OF
six months The Vienna finance world is vain. glorious
because Austria has done what Prussia her could not
or would not do but the foreign world not likely to
lose sight of the fact that the position Of the banks OF the
two countries very different The Berlin establishment
obliged, demand to give hard cash for its notes but
the paper Of hs Vienna bank at forced course, aud
consequently 1t makes no difference whether It's metallic
reserve is little larger little smaller IT srnmored
in Vienna and Trieste that the Austrian Lloyd establish
ment will soon become state property Should the steam
ers running between Alexandria aud Trieste and Con.
santnople and Trieste cease to belong 10 private
pany would not be necessary so have British agents
board the vessels 10 take care Of the mail bags9.
Hamburg Dec III correspondence of London Tmes.l
Tie following particulars are mentioned in the Copen
hagen reports up 10 the 9th inst, which have come 10
hand here
ON the rec eipt Of telegraph from Hamburg this morn
ing drawn and signed by Safe Councillor Westenholz
Mr. Levy agent Of the Mint, and Mr.. Tegens, director
Of the Copenhagen private bank IN which II stated
that the firm o H. Pontoppidan Co. would be enabled,
with the help Of 600 600 marks banco 75 ooG) 10 re
suiae IFS payments, the National Bank, in conjunction with
the Department OF Fnance, have agreed TO grant this
amount Of money they clearly perceived the great and
significant importance, in fur,herance of the interest Of
the Danish trade OF supporting the firm. The bank will
therefore advance onethrd and the Finance admnistra
on two thirds OF the million required for the purpose,
hut the latter demanded the guarantee Of the mercantile
community IN sodium, for the repayment of the hall
thai
opened Immediately Change, and within half hour
the amount Of $4,000 marks banco subscribed.
Several of the most influential merchants next joined In
the expression OF their opinion that standing they
were highly delighted ahe aid rendered TO highly in
be forgotten that ia Hamburg, rs well IN their
city, there exseda great many other firms in the great
est difficulties, and II immediate assistance were not rem
dered to them, also speedy end by bankrupt les would
be put 10 great portion of the firms in question: and
Danish commerce aud enterprise suffer the greatest in
jury. consequently resolved 10 hold meeting on
the following morning, the Exchange, consult whe
ther 1t would not be better TO grant a portion OF IN
amount subscribed for as the guarantee for the Finance
Mmisterthat above the $50 600 marks 10 complete Tia
half Of the twothirds the sum Tequire,l-0r 10000
markso other purposes Of aid and 70 subscribe further
sums for the same purpose
despatch Of which the following is = translation, ap.
peared here this morning. giving the result Of the meet
ing alluded to in the foregoing;-
The result of 10 days meeting on the Exchange TO
the effect that the association Of the first merchants should
speedily entrea the government 10 grant the further
sum OF 600 600 rx thaers for the purpose OF countng
There great commotion yesterday among a number
Of our first rate firms, aud Mr. Carl Hene has been
suited among others relative 10 negotiations pending and
plans suggested IN order 10 prop w the st totlerng
fabric OF Hamburgs commercial existence; but little or
nothing has transprcd beyond interviews said 10 have
taken place between some Of the most influential mem
bers o the firms la question and the Senatorial athori
ties with respect 70 the urgent necessity that speedy and
enectua aid should be given 10 prevent further
tinuation Of failures which n they take place. will bring
down with them a vast number
reported that Messrs Barring Brothers have offered
TO advance 10 dozen firms of this city eectualy
m fhntr auCf A~A
they 10 guarantee the repayment thereof individual
~ well A. collectively, or IN soidBu the term Is
used. All this Is. however, rumor
The mail from the Rrazs is most anxiously expected,
and should evil hdngs come by II, another hard blow
may fall upon the houses connected with that trade and
thus increase the difficulties Of the hour Immensely
Fora o'CtocK NJ.
have just learned that the Burgerschaft will assemble
10 by order Of the Senate consider proposals
for raising further sum Of money 10 aid several rst ratio
firms under the most pressing dlculties ANY pro
posed and granted viii be guaranteed by certain firms in
soiidum.
The advces from Norway and Sweden announce va.
risus failures The Norwegian government has advanced
81 100000 100000 marks banco have been already sent
10 Kiel
Respecting the firm q NJ Poutoppidan 4 Co. the sum
Of COO 600 marks banco has been forwarded TO from
Copenhagen but presumed that larger sum will be
required.
The crisis is felt at 81. Petersburg
The Austrian government has advanced loan OF TO-
be paid INTO the Hamburg treasury in silver
The loan is for IL months.
Berlin Dec 1i Correspondence Of London Shipping ia.
zette
The anxiety felt here in reference 10 Hamburg AID Swe-
den canno, be said 20 have abned Reliable reports
that the amount of bills aoat from Hamburg some
thing Incredible Three houses alone, embarrass-
ment said to have paper 10 The amount N ca 900 900
falling due IN this month and January.
Despatch from Gen. HsveIock st Lucknow.
BaiGApfYRggSgRhL HAvyiocE TO THE CHIEF or
THE STAFF TO THE EcosNASDER-fN CHIgF, RECEIVED
TELEGRAPH FROM CAwNrORF.
LUcKyow REsIpySCY, Sept 80, 1857.
Major General Sir James Uutram having, with charac-
tcrtc generosity of feeling, declared that the command
Of the force should remain in my hands, and that he
would accompany II az Civil Commissioner only, until a
junction could be effected with the gallant and enduring
Of this place have 20 request that you will
form his Exceiiency the Commander chief that this
purpose effected the evening Of the 25th inst But
must 6rs refer 10 anecedent events crossed the Sye
the I'D inst the bridge AT Bunnec not having been
broken. On the I'D I found myself in the presence
The enemy who had taken strong position his left post