The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-12-21
THE CANADA,s NEWS.

Circular, copied below, CstoH was little better
| than represented In our telegrsphic dispatch.
The FINANCIAL CRISIS.
Among the failures announced In addition to
those mentioned in our dispatch Saturday. Ia NJ
Joel Of Lantzic liabilities G30o 600. Messrs Hook
inson & Burnside, of London wholes ale stationsrs
Messrs. Barber, Roseranger Co., and Herself
Brother x Co., both In the German trade In Lon
don; c. c. PIN, large corn merchant, Of Belfasf.
and FriedericksoI, Clume L Co., corn dealers, at
Hartslepopl. Their liabilities are not stated.
Another large London house is reported to have
sought assistance from the bank.
Heavy exports Of silver were making to Ham
burg.
The senimonthly shipment of silver to India
aud China was f4o9 GOO.
The crisis was still more severe at Hamt urg.
| where the faiinres were too numerous to particu-
larize.
In London, on the ID inst, money continued in
active demand. The stock market was firm. caused
by the arrival of the West India mail steamer with
100000 in silver
On the Sd inst, the funds were quiet, while mo
ney was in active demand In preparation for the
payments of the 18th. ~
on the 4th inst the funds fuctuated slight
| sy, bnf closed firm. There was no change in
| money, but great caution was observable.
dispatch from Italy announces the failure of
| the house OF Ceilard, at Genoa, Milan and Turin.
An order had been promulgated at Berlin enact
Ing suspension of the usury laws
At meeting of the Erie Railroad bondholders
| II was resolved that the committee should be re-
qnested TO receive subscriptions to the proposed
new loan, ana TO communicate with the directors
in New York, with view to an arrangement Il r
| general protection.
OPENING OF The BRITISH PARIIANENr-rHE QUEENS
SPEECH, ETC.
Parliament opened on the Sd inst. by the
| oueen In person. 1he Queens speech was as fol-
| lows: - ~
| My LORDS AND GEyTLEMEN--Circrmstanee have
recently arisen connected with the commercial in
terssts which have induced me TO call parliam snt
| together before the usual time. The failure of
JOINT STOCK banks and of some mercantile firms
have produced such an extent of distrust as I'D
TO authorise ministers to recommend to the diree-
tors OF the Bank of England the adoption of a
course OF proceeding which appeared necessary for
| aiiaying tneprevaient alarm. AS that course has
| involved departure from the existing law bin
tor inaeplnifylng those who dvised and those who
ton.
have observed with great repret .bat tba s+ats
oi commercial transactions in general has OCCASION
| ed dimination Of employment in manufacturing
distiI T., which fear cannot fail to be attended
| win hueh local distress. l trust, however that
TINS eVll may not be of loug duration, and the
| abundant harvest with which it has graciously
pleased Divine Providence to bless this land will /
hope IN some degree mitigate the sufferings which
this state OF things must unavoidably produce.
While many OF my subjects in India have been
exposed, and while grieve for the extensive be-
reavements and sorrow which it has caused [
have derived the greatest satisfaction from the
distinguished successes which have attended the
heroic exertions of the comparatively small force
which have been opposed to greatly supel ioY hume
bers, without the and of the powerful reinforce
ments dispatched from this country to their as
sistance. The arrival of those reinforcements will
| tha .f 49,
| widely spread revolt.
After stili.urther euogizing the gallantry of the
| troops the speech continues -
| It's satisfactory to know that the general mas.
OF the population in India have taken no part in
| the rebelli0n while the most considerable of the
native princes have acted in the most friendly
manner, and have rendered important services.
have given directions that the papers relating tc
these matters shall be laid before YOU The af
| fairs Of my East India dominion will require your
| services and consideration, and recommend them
to your earnest attention.
The nations OF Europe are in the enjoyment Of
the blessings of peace, which nothing seems like
| ly to disturb.
Your stpulations of the treaty whchT concluded
| with the Shah of Persia have been faithfully car
| ried into execution, and the Persian forces have
| evacuated the territory of Herat.
The attention Will be called TO the laws which
regulate the representation of the people in Par
| lament with view to consider VIII At mendments
| may be safely and benehcially made therein.
The remainder of the speech is merely of local
interest.
Lord Portman moved and Lord Carew seconded
the address in response to the Queens speech and
after considerable debate, in which Lord DERBY
| complained of the Unsatisfactory nature of the
| speech and deplored the condition of the country
the address was agreed to.
In the House of Lords Baron Macauley took hi.
seat as a peer.
In the House of Commons Lord John Russell
gave notice that the 10th he should move for q
committee of the whole House to consider the
oaths of adjuration and the civil disabilities o.
| Jews.
| Lord Palmerston stated that he did not intend
to bring in any bill on India till after the recess
| announced his intention OF asking the House te
make provision for Gen. Havelock, as the East In
dia Company would do the same for Gen. Wilson.
When the Chancellor of the Exchequer moved
| for a committee on the Bank Act he said inciden
tally that it might be advisable amongst other re
forms to make Bank notes as legal tender through
ovt the kingdom
TELEGRAPH LINES.
In the House of Commons Lord Palmerston sta
ted that the terms asked by Austria for the use o.
her projected line in telegraphing to India, were
such the government could not accept, and
that the negotiations, therefore, fell through
1t was said that the Turkish government were
anxious to lay line from Constantinople to the
head of the Persian Gulf.
TIE LGvIArHIAN STEAMSHIP.
further down the launching ways, but the ship haG
still l0I feet to move before she would be ai )at
Her progress was very tedious, but her engineer,
had perfect control of her, aud hopes were enter
tan I'd for essu B.sut in short time A sea:
folding from which to view the launch broke down
and number of persous were more or less injured
On Monday the vessel had nearly five feet of watel
under her. The launch Of the Leyiathian was ex
pected to be completed on the sth or 9th of De
cember.
- FRANCE.
| The news is uuimportant.
| nj. Henon, the republican deputy from Lyons
took the oath in the C0rps Legisidtf: and Messrs
Caruot and Goadscbaux were the only member,
| who refused to take it, and their seats had beer
declared vacant 1t is said there is to be new
enactment enforcing the cath TO the Emperor, Us
preliminary to becoming candidate at the elec
| tons.
The pfcsse was on the 4th suspended for two
months, in consequence OF article the re
fusal of Carnot and Goadschaux to take the oath.
| From AUSTRIA, the accounts were gloomy. Sew
eral large manufacturing establishments were Il
| be closed.
From SWEDEN. we learn that numerous additiona
failures had occurred at Stockholm. The CONNER
cial crisis was severe and government had loaned
50OooO0 francs to the directors of the Bank o
| Stockholm Great anxiety was felt at Copenha
gen.
In RUSSIA the winter had set in severely.
The ministerial crisis in GREEeE was ever. Tws
members of the Cabinet retired
THE VERY LATEST.
| From the Times City Artiele.l
LONDON, Dec. 4-EveniBg-fhe demand at ths
bank aad in the discount market continues active
but payments maturing to-day have been provided
| for IN much more satisfactory manner than haa
been anticipated. The funds opened steadily thil
morning at an advance of one eighth. There wa,
subsequently some heayyness, but decided re-
| covery took place before the termination of busi
| ness A good effect produced by the arrivs
of the Adriatic with as 900 in specie and salts
factory commercial intelligence from New York
The amount Of gold taken TO the bank to-day wa,
| f29000.
MORE SUsPESsIoNs.-C. and A. Jonas, London
general merchants, liabilities fl00,eo0 and T. ant
b. Bovet, an old firm in the China trade are an
| a .uneed among the failures on the 4sh
Several failures ofrespectable second rate houses