The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1857-12-16
THE NEWS FROM EUROPE

We find upon examination that the dispatches in
yesterday mornings impression Of the Union en-
braced all the important facts of the European
by the last steamer. We subjoin, however, an i'll
telligent review of the leading points as we find
them set forth in the London correspondence of the
New York Commercial Advertiser, under date of No
vember 9th: .la.u..s 7J 3au s. .fasrrsr nt .a.g.a
The political and commercial this occasion
alike favorable although another large provincial joint
stock bank has broken down. with liabilities estimated
total equal to $40, 600, 900 or $4,000, 900. H eff
Later and very satisfactory intelligence has been
ceived from Calcutta The fugitive utineers from Del
hi have been vigorously pursued and large number OF
them routed and slain They appear to have been fol-
lowed up with marvellous rapdity by Col Greathed, at
the head Of 900 men, about onehalf of whom Eu-
ropeas Agra the enemy seem In desperation to have
made sudden and unexpected attack upon camp,
and battle ensued in which they lost 900 men, all
their guns their plumber camp equipage, and $3.50 900 of
treasure, the loss the British side being small At
the last date they flying in all directions in
plete disorder 'i''1a-a' 11i l7"1sn'2 a# a"&H H~u
Two more of the Kings sons had been captured and
would of course be shot The King himself was be
tried by commission appointed for the purpose, and
doubts thrown upon the report brought by the pre-
vious mail that his life had been promised be spared
With regard to Gen. Haveocks position at Lucknow, all
cause for anxiety had apparently been removed The
enemy in great force around the place. but he
strong enough either to remain to return to Cawnpore
He had decided to remain for the present. because he
would not expose the and children under his
to any further risk There want Of provisions,
convoy having safely reached him. and although his force
at present only 500 men, there prospect that
1t would soon be raised TO 1000 couple of regiments
having Just got to Cawnpore from Calcutta and Colonel
Greathed with his column being also expected. Mean
while the troops despatched from England beginning
rapidly to arrive the number already at hand being 900
Under these circumstances the loyalty of the natives
which had heretofore been we'll exhibited Of
getting up fever heat the best and most practical sign
to that effect being prompt payment of revenue dues
acts Of insanity has occurred which would have
Cured out of Asia No the fall of Delhi
nounced than Insignificant chief, named Maun Singh
who had hitherto been faithful turned against us, gg
The London stock market has not simply been firm; it
has been buoyant The Indian intelligence had good
effect and yesterday further advance caused by the
Bank of France having made reduction of per cent
in its rate Of discount which will now be and per
cent respectively for bills having one two three
months to IL appears that the pressure at Paris
lately has much diminished and that during the last
week or two the drain of specie has not made progress
On the whole the effect of the crisis which is felt
all the commercial centres of America and Europe has
been less destructive in that city than might have been
apprehended aatiib 4el TFa&Hi .@t2tat Sd sl}TaEd -
Another circumstance which has benefited the London
market has been the steady influx Of gold observable for
the past fortnight Within the last week especially it has
been very considerable the aggregate taken to the Bank
during that period having been equal to than S.,
600 900 This has greatly relieved the pressure for dis
count and although the demand at the Bank at the min
imum rate Of 10 per cent is still extremely heavy, is
by no means of the urgent character felt short time
back In the open market the improvement of tone il
chiefly manifested by the practicaby of negotiating bills
of long date which were recently unavailable ON any
terms Yesterday six months paper taken by some
of the brokers at IL per cent In the stock exchange the
increased supply Of money has been still remarkable,
and in some cases loans for short periods government
securities have been obtained at per cent At per
cent they are readily offered in any amount pa5tsl a
In this state of affairs the price Of consols has ofooue
experienced further rise AT the last date they stood at
90 They have since reached and have closed this
evening that price All other securities have proper
tionately improved and Indian railway shares especially
have been in request owing TO announcement that the
government in future TO be vested in the Crown instead
Of the Indian house. HH hEa a9i1iwAI so ont 10 aa
The Infringement of the bank charter act not of
long duration The day before yesterday owing to the
diminished demand for discount and the extent of the
payments falling in the total of notes in circulation
again within the authorized limit f4qa Hte1 sHf
The failure has taken place of the Northumberland and
Durham District Bank joint stock establishment, with
paid up capital equal to about 49, ESQ 000 and abili
ties which, II Is apprehended win not fall far short of
SIS 900 600 The belief IN that il will prove very bad
affair report of the soppage having taken place had
been current previously to the departure of the last
steamer but II officially contradcted in the most
qualified manner An application to the Bank of Eng
land for assistance was however, at that time pending
That has since been refused and break mp has been the
consequence. a8a HIatflgIf Etirfa ri6rH sssg .rst
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