The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-26

From the London Post, (city sytcie,) Oct l4l
Ansocsh there bas been somewhat less cIcemert IN
the niy 70 day, very considerable degree OF
has been fen TIE announcement OF several comncrcL
failures Of magnitude atGsow, snd tho rumors Of Others
the OF Apprehension and taditg W tho ans,oipss
OF considerAbe disasters Amoogst the morcAats
My 70 far 'he failures n tho me,,opo have no. been
20 numerous ~ Was ;tod fri tho ssverhy With
which bey must nave boen pressed by tho suss dsor-
esDixston CT trade ne other sde OF sbe Atlantic one
barrased by The nnoward event, aken p~oc
although believe Thai he Canada trade chief
" engaged In BY she house 70 whcs 10 slluds Up " NO
present morest NO may rarauIae ourSelvcs upou toe
pauoy Of commercial Aiarea which have Axen plscc Bo
Inc pressure Of pev has NOT JET besn FUZZY rsazed
hes bscn yst, but e real oostvac,ion la tho ssppy
Of MONEY. Indeed, uould be most dangerous 10 40
me er,sa ssn n . bedy .se .,s,e. !, \, pryss
10 avoid Thcrc hss bess very gonevsiy
this evening that the bank rais will oe rsissd per con.
10 morros (ths da, bot 10 oica 10 believe ihaa sucn
extreme MEASURE 10 oonto nplsse5 II 10 thAi she
Indian exchanges como 70 moca 70 lesa W the
me steamer ,Ssn -ss erpsc "a .na ,hs, /, !.
some large amounts may bc reiited to inc United States
on the venture Tnose points, 70 true, arc Of much
importance, and well worthy OF considerakon II tne cd
cf thc ratio OF disoouns suacens
70 check both the shipments OF silver bs Eas 70
Sssdsv mn,os.Ss n. % ,uos oas as % ~ ,ss ,
respecs 10 tho shipments 10 rd, owing 70 the enormous
won On The spcrasion whilst he Idea too 70 nltiaooe
Of considerable amount Of buicn 10 u, Uoie aics,
urder present circumstances, almost iuusory
quens Of the Insecurity and the rncsr'anv OF Ihc an
So.s ns s,s.s ssmssd SSr %spsS !. ,se s.ns
alleged ground ios tho exercise Of furtaer resszio.
tom: u y cerssDly quie IN socm isooe sln We
provisions of NE baIk charter scs sha whenever .
pressure for mercy aris~ 'rum whatever cause
whether from mo legitimate requi'omens " trade or
frcm Wild specuaios-that ne bank ratc cf Interest,"
should DO raised The naseqas Of mo clrcuaass csp
al 10 shc country for the extended trade c1ryrx
90 net taken into sscocni py me sun,rs o. he sol,
senersly 10 small degree melio'as~d oy h,erAluy
and of in admin ssstors. sto be hopoa, hcssver
bank ate ~i nos be rasoi fuyther rns oosu.
mental osrainy fsvoraeis ard oan-
siderable arrival of sola " regsrsed day whcn VI
does not reman YIN u.s. v 70 tnas x,ent 81 sst PRE-
vent dininuron Of the aocx held cy me Bank az
Epsland
me Ensnsh funds opened with srea, neaviness 10 ON
sequence of the announce msns OF failures IN Glasgow
the Of crs Ia tho metropolis ana coo-o.
vfre dealt 10 before tho oenlng Of the house as lcw
e6A 70 ~ Soon sfer The com menosmeas OF basns tho
psouiAsors os shc all 10 prices began to purch
or tho realisation cf Their prus aud the msrsc. rr-au
ally rose 70 SIX. which the quoA,oa The clo-e Of
The regular busine Alter the pronu gsn1n of mo
report shs bank rae ouId he farmer ~. e 10
ro~, and the OF sdvsncein se minimum
sc OF interest By toe Sank or Fsocs 70 ~ per tent
ssAn produced sscs, s1d ito nns gaot@aoa y" aoous
GkDk.
The ttep that has been 70 meet tne c.s ey ne
Nev Yofs bAnk tss been 70 increase tssr dec 'un ~
or cent, which, - cscus.d, ~il tafo~ sooas inree
millions OF dollars ITO the olrcuias'cn
Il 10 stated that meas1rez are hfey 70 sHrd cou.
siderable rolef but rot sntclpseo las "a oAn viu
be In po.en 70 resume sreoie psy meo0 Tor u least
Twelve nophs Ipe opted ~ me Amefcsn backs
H. seneytly sppr0ved OF 80 desperate 70 nety, but
vcnd be u,tsry i'm 9s-silc in.i olud Be cU'isd vus
,rcc,.,f1y be-r lu.smvg - the bsoErurcy a- woUlc
trove f.tsIto NJ rutmrl canot ne counted tn nis
s.t CON erCsl ureg l.rty, and Ouc that saeud nave
Tser .sosea ~ p,sinie mesns AZ 90, latest dates
~ c0p yes8 cormtrtW rriawed y h1rs bse1 sAngsd
~ ~ tstH ~ ~ i5et Utb cWfafv y ~ falvs as
con oulg y tuf$td Aa ~ patc Jau ts sal a ss1ih
~ rnFY 1g asra'sa crtsfs Wtisl ne prts oJ eBs>o.
Sdlss Is c6sced sAaa mia sc dsprsttt tatr N tss
saynnly ~ mEiler OF course, regsrd lae dsnger
~ arising out u abnormal ssts a hoss aad oa tne
grcurd hN tns cslso sdogted bv the sct cane
lcacd bY Law. Al rth q os fsh psere vsgcu nay a.