The Washington union., 1857-11-24
ARRIVAL or THE STEAMER ATLANTIC FOUR
DAYS LATER FROM EUROPE

The Collins steamer Atlantic, with Liverpool dates to
the lith instant arrived at New York Sunday after
noon
Messrs pcnnistoun Co have failed liabilities e.
900, 900 sterling also, the Western Bank of Scotland
with deficits amounting 600 900 sterling and Mess.
Bsboock Co.. with Liverpool and New York liabilities
amounting to $500 900 sterling Other failures of smaller
amounts also announced.
II was rumored at Liverpool ON Wednesday that the
Bank Of France had stopped but the report Of coue
incorrect II grew out Of the advance in the rates of dis
count.
The City Of Glasgow Bank at Glasgow. stopped pay
lnent this morning.
Cotton Is depressed nnd lower prices have been accept
I'd Sales to day 1000 bales.
BroAdstufs very dull
Consos closed at 30 for account and s9A for money
The taking OF Delhi has been confirmed
The garrison at Lucknow relieved by Gen. Have
lock just the enemy ready to blow tup large
portion Of the city had also been captured Gen Mel
had been killed
The King Of Delhi had surrendered His life spared
but his two shot
The intelligence from India had reached England by
telegraph and two weeks later than previous accounts
Delhi in complete possession of the British the
2lst September Gen. Nicholson had died OF wounds
The London Times says that Dennstoun Company
of the largest firms connected with the American
rAds and their liabilities II supposed, amount to ten
millions of dollars They have houses in New York and
New Orleans and the total suspension of remittsnccs
those cities rendered their stoppage unavoidable.
The head establishment located in Glasgow, where it
has existed for upwards Of seventy years with branches
also In Liverpool and London The private property Of
the partners immense and it il believed the suspension
will only be temporary The house of Dennstoun Broth
Co, in Melbourne is distinct establishment, and
will not suffer.
b. r. Babcock & Co.. with houses in Liverpool Glas-
gov, AMI New York, have failed for a million and half
of dollars. Joseph Foot Son, silk manufacturers in
London, and Henry Dutth Co, in the American trade
at Liverpool, have also suspended.
The South British Mail thus audcs to the panic in
Glasgow 1.-THE monetary panic caused by the suspension
of the Western Bank still continues and rush has been
going during the forenoon on the several banks Of the
city The panic to have taken special hold OF the
small depositors and deposors in savings banks. The
principal crush at the doon Of the Union Bank, the
City Bank, and the National Security Savings Bank
The Lord Provost and magistrates early in the after
noon deemed it prudent to publish proclamation 1t
states that doubts need be entertained to the sol
vency of the savings banks and the public against
the effects of sudden the banks. In the sub
URLS the the branch establishments is tremen-
dous.
The following is the announcement Of the suspension
of the Western Bank of Scotland
ssCiLasG0w Nov. 9.--The Western Bank of Scotland
suspended payment at two O'clock at which hour the
doors of the head Office and branches closed.
Although to some extent looked for, the suspension
caused great dismay. The bank did an immense busi-
ness in Glasgow and had about hundred branches
scattered Scotland Its depostes very large,
amounting to between five and six millions sterling
There cannot be any eventual loss the proprietary
contains many OF the wealthies men in Scotland some OF
whom believed to be worth million sterling.
The London Sun announces the failure of Broadway
BARCLAY, in the East India trade and Bennoch Rgg of
London and Manchester.
The Tmes's article OF Tuesday evening says The
funds have shown absolute buoyancy to-day and closed
ut further considerable advance In mercantile quar-
tes also there has perhaps been rather less uneasncss
and the tendency TO partial recovery Of confidence
would have been stronger but for the manifestation Of
banking stnsts Glasgow consequence of the closing
Of the Western Rank Of Scotland
The manager of the latter issued circular
nouncing the stoppage in which admits that for some
years past under the late manager the system of
trading had been carried through facilities afforded by
the system of rediscountng Reckless credits given
to customers in Glasgow and the correspondent at New
York allowed to make advances securities and
draw bills on the bank Lately, investigation being
instituted into of the largest advance accounts, 1t
found that the houses to which they had been made
were utterly nsoven and that large loss to the bank
inevitable. The debtors went into bankruptcy, and,
the American at the time deposites
began to be withdrawn and, finally, when the hour Of
pressure arrived the usual result Is witnessed and firms
in London who had hitherto promoted the financial
tenn Of the concern suddenly found expedent to dis
continue the rediscounts on which it had relied.
The Paris Parn urges the suspension of specie pay
ments in that country is regarded certain that the
government will be compelled to adopt stringent
measures. French finance is not however of charac-
ter to justify the gloomy apprehensons which to
prevail in commercial circles The specie the
Bank Of France is two hundred millions against hun
dred and fifty millions at the corresponding period Of
last year.
Hamburg letter Of the 7th reports regular panic in
the stock exchange there with fall of every description
Of stock also all bills Of exchange. Bills France,
Belgium, and other commercial marts in Germany and
England unsasble at the usual threemonths date
financial crisis also beginning In Sweden and Nor
| way, and money becoming scarce
The London Herald, speaking of the advance in the
rate Of interest says. 1.-THE increase unexpected
and hence when it officially announced it created
little uctuaon in public securities, The range in price
about Sc per cent but after varying to that extent
they recovered and closed only lower than Satur
day The American adyces by the Asia calculated
inspire partial confidence but the Of
camille disasters here and in the provinces produced great
depression relief from the existing stngency being
apparently obtanable =
LATEST. -TELEGRApHED TO LIVERPOOL
PARIS Wednesday morning. The Montsw publishes a
notification from the Emperor upon report from the
Minister Of Finance in which he says he with pain
the imperillcd and chmerca fears propagatsd and the
dciusive remedies proposed for imaginary evil The
law permitting the bank to raise the rate Of discount
must suffice keep the bullion in better condition than
cent for bills under thirty days. for bills under sixty
IMPORTANT
LONDON Wednesday morning. ng.--The following telegram
was received this morning at the Foreign oice Delhi
which fell into hands the Goth Of September
entirely occupied the 2is and the whole Of the