The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-25
NUMEROUS COMMERCIAL FAILURES.
ADDITIONAL NEWS FROM INDIA.
Lucknow Besieged by Fifty Thou
sand SepOys,
GC, DC, &c.

6C., 0S., w.
ST. JOHNS, N. F., Nov. "a, 1867.
The steamship Vanderbilt touched at Southamp-
ton on Saturday, l4th inst, and arrived of Cape
Race at o'clock on Sunday afternoon, 22d inst,
where she was boarded by the news yacht of the
New York Associated Press and her news was de-
Eyered to the agent here on Monday morning; but
unfortunately, the recent heavy storm in Cape
Breton N S., had broken down the wires at several
points between Cape Hood and Pictou, Ia distance
Of some two hundred miles, through portion of the
country sparsely inhabited,) and it was found i'm.
possible to repair the line until this afternoon.
On reaching the st. John, N. B., office, it was dis
covered that the line between that place and Port
land, Me-. was also broken, and we finally succeeded
in reaching New York, via st. John and Frederick
ton, N. B., and Quebec and Montreal Canada, and
thence via Portland and Boston the lines Of the
American Telegraph Company.
The following is the summary of news prepared
as Liverpool and Southampton by the correspon-
dents Of the Associated Pressthe Liverpool advices
coming down to Friday evening, 18th instant and
from London to Saturday morning, l4th Instant
The despondent condition of monetary matters on
the departure Of the steamship Atlantic, on the
afternoon Of the 18th inst. resulted the following
day in fearful panic throughout the whole country
An the banks utterly refused to discount to their
patrons, which naturally added to the wild excite
ment, until the afternoon Of Thursday, when ITea
suyy letter appeared in London, and instantly
sransmittsd BY telegraph to all the chief cities and
soscns, uspending the Bank Charter Aet and author
iring the issue Of notes TO any amount ON approved
securities. The effect at every point was instan-
saneous, and the panic ceased as if by magic.
Al Liverpool, Manchester, Glasgow and other i'm
portant cities the news was received with the most
extravagant acclamations of JOY.
The suspension of the City Bank of Glasgow on
Wednesday, the day the Atlantic sailed, is con-
nrmed.
We select the following additional list Of suspen-
sions from large number reported in the English
newspaper:--
Handerson, Sandman * Co. London
Wilson, Moreau 4 Co.. stationers. %. London.
Fitch Skeet... ....."...............L London.
Draper, Picton &Co.................Lon London.
Ban, Broddice & Co.. London.
Falman, Grenel Liverpool
Coddington Co, iron merchants. -. Liverpool
Mackenzie, Ramsay & Dundee.
Munroe, Grant 4 Co. Swansea
Stergman 4 Co.,. o......................N Nottingham.
The London money market was steadier on Fri
day. the 18th instant, and bank stock sold at 2oot
AZ. Exchequer bills were firm, and the
feeling in business circles in all the
principal cities and manufacturing towns
became decidedly more cheerful as soon as
Il became known that government had authorized
the bank to extend It's issues without mourning the
penalty Of the Bank Charter act.
Consols had luctuated considerably, but closed
with increased steadiness on Friday, at s9i TO s9l
for money.
The Bank of France had raised its rate Of discount
on 90 days bills TO ten per cent.
Parliament was to assemble Immediately.
The greatest anxiety was felt in England to have
the news by the Vanderbilt reach New York In ad-
vance Of the publicity Of the advices by the Atlantic