The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1857-10-10
BY TELEGRAPH.

Ertsndd arrangements for Procuring European Neas.
NEW YoRK Oct. 9.--In consequence of the temporary
failure of the Atlantic telegraph cable the New York
Associated Press have decided to employ substantial
yacht at Newfoundland for the purpose of boarding.
off Cape Race all the steamers from Liverpool, South
ampton Havre, Bremen, Glasgow, &C., &c; and IN this
enterprises important to the whole public OF the
United States and British American provnces-they
hope to receive the hearty cooperation of all the
and commanders of the several steamship lines
established If the press should be seconded IN this
arrangement by the commanders of the steamers there
is TO doubt but that they will be able TO obtain
the from large majority of the steamers passing
within ten fifteen miles of Cape Race, and by availng
themselves of the New York and Newfoundland tele-
graph line which kept in admirable ORDER they will be
able to spread the European before the public In
about six eight days from the time it lee the English
shores.
This arrangement will involve very heavy expenditures
but the Associated Press cheerfuly the burden
not doubling but that the public will properly appreciate
their efforts and sacrifices 10 promote the interests of the
commercial public and the pleasure Of the general reader
The Financial Crisis.
New YoaK, Oct 9-There was q tremendous
the Park Bank 1t is said TO have only $3.50 900 in cir
culation and nearly $500, 900 in specie.
The house of Harper Brothers failed yesterday. They
reported to have assets amounting to surplus OF up
wards of one million dollars.
New ORLEANS, Oct. S-The excessive stringency in
the money market has caused further heavy decline in
cotton the reduction from the highest point being now
81 cents The sales the past three days amount to 1000
bales including middling at H. Receipts continue to
pour in rapidly and the Indications that lower figures
will be submitted to- All branches of business
less affected by the pressure, but the merchants are
using their utmost endeavors to brave the storm Ster
ling has still further declined and sales of bankers bills
are made at o. Money is more in demand, and rates
daily hardening. Freights dull, nominally at 3D.
Monetary.
New York. Oct. 9.--Messrs. Gallaudet Wetmore,
bankers, have suspended.
The the Park Bank has subsidized the bank hav-
ing paid all demands.
The Brooklyn Central Bank has been enjoined and
receiver appointed
meeting was held at the Merchants Bank this AFTER
noon to devise measures for relief.
1t is reported that the banks will provide fund OF
Sc 900 for the special object of forwarding produce
Pennsylvania Legislature
HARRISBURG, Oct 9.-The senate has passed bill er-
tending the time of the suspension of the banks to the
LIST of April 1858 providing for stay of execution one
year and requiring the depotes Of the State treasurer to
be paid in specie.
Kansas Election.
ST. LOUIS Oct. 9-Kansas returns show large demo-
cratic majorities johnson gives LOO; Leavenworth
ESQ Atchison, 60 and Douglas, LOO Both branches
of the legislature will have democratic maiorities.
Failures in Boston.
BosroN, Oct 81 A. George Co., dealers in straw
work Nilsson & Gaf oil and leather dealers and Nash
French, & Co., shoe Dealers failed to-day.
United States Senator Elected.
NASHVILLE Oct s.-Andrew johnson was to-day elect
the of Senator Jones in the United States
Senate. ~, ...,