Litchfield enquirer., 1857-12-03
Business Items.

oicc oud last lssuc we nave three days later news
from Europe by the Vanderbilt The accounts are
of the aggravation of the panic in Great Britain to
frightful degree, followed hy sudden lull, pro-
duced by the putting forth of Treasury letter
The following is the dispatch t. the New York pa
pers
The respondent condition of monetary matters on
the departure of the steamship Atlantic on the af-
ternoon of the II tn inst, resulted in the following
day in fearful panic throughout the whole coun-
try. All the banks utterly refused to discount to
their patrons, which naturally added to the wild ex
citement, until the afternoon of Thursday when Il
Treasury letter appeared in London, and was in
Stantly transmitted 10y telegraph to all the chief
cities and towns, srspcnding the Bank Charter Act,
and authorizing the issue of notes to any amount
on app. owed securities. The effect at every point
was instantaneous and the panic ceased as if by
magic. At Liverpool, Manchester, Glasgow, and
other important cities the news were received with
the most important demonstrations of joy.
There seems to be general apprehension both in
Ehrope and America, of deep depression i'll the cot
ton trade and manufacture. We clip the following
from the close of an editorial in the Tribune.
THE Manchester Guardian concluded, months ago
that fair balancing up of accounts for 1856 would
show the manufacturers I" that they had been
working from December to December, not merely
without profit but at positive loss ;; and to the
present year, when come to add to the enhanced
price of cotton and the low price of goods, all the
losses to result from the non-payment of American
debts it is plain that the British cotton manufuc-
turers will find themselves staggering under heavy
burden.
From the way the thing has worked in New Eng
land and the rest of our cotton manufacturing dis
trcts we can we'll understand the real nature of the
trouble in Glasgow, which is of the great seats
of the cotton manufacture. OF course very deci-
leG decline must follow in the price of cotton, it
being impossible that the mill owners should 60 on
any longer. not merey manufacturing for the eXclu
sive benefit of the cotton growers but sinking their
own capital in the operation. Whatever may be the
case with other branches of commerce. it is but too
evident that the whole business of the growth and
manufacture Of cotton has stood for some time past
on very unsound basis. We appehend that many
of Our Southern friends who have invested in slaves
at the late enormous prices, may find themselves
before long in almost dscouraging position as
the millowners.
LATER
The steamer Fulton, which arrived off Cape
Race on the 29tI, brings advces four days later
Among other pleasant items, she brings $4,000
In specie.
She also has II passengers, with large and
very valuable cargo OF French merchandise
The Fulton's dates four days later than
those brought by the Vanderbilt, already tee-
graphed from this point.
The Cunard steamer Europa, from Boston ria
Halifax, Nov 4,h, arrived at Liverpool on the
10Th.
The financial ndsices brought by the Fulton,
although not so exciting those Of the Wander
built, are nevertheless of absorbing interest The
good effects Of the suspension Of the bank chare:
act were still showing themselves everywhere
throughout Great Britain.
The money market was frmer than at last ad-
I vices and the demand for discounts at the Bank
| are less pressing. Consos had also been advan-
! ing.
The Bank OF France, as was anticipated at
! asst advices had announced its determination to
immediately extend its issues.
| The rate Of interest at Hamburger, had receded,
the last quotations being at l-2
| Notwithstanding :he improvement IN the Eng
lish money market, there had been several heavy
failures in branches Of business in Great Britain
The steamship Daniel Webster, from Havana
on the 25h inst. arrived at New Orleans on the
26,h. She brings halt million in specie
The steamship Northern Light left Havana on
the same day as the Webster with California dates
to the 9th instant and nearly two millions In spe
Gle.
fine tales of Mormon outrage upon Caifo:nisns
and emigrants are more Than confirmed.
The Hatters Bank, Bethel. has stopped redeeming
at the banks OF New IOfK ana boston, anu now re-
deem at the Office of b. p Manierre. at per cent
discount. The capital of this bank is 500, 900,
with surplus of $4,000. The entire circulation is
less than $28, 900.
A dairyman in Litchfe1d county, few days since
sold his cheese fof eight cents per d., the lot
for which few weeks since he refused eleven cents
Curious BANK DEvELopAESTs-Te Hartford Press
makes curious exposure in regard to the manage
ment of the Hartford County Bank one of the Off
srring' Of the Free Banking Law. 1t appears that
set up under special charter it gave bonds for the
redemption Of its Free Banking law bills then in cir
culatic'l, which according to the number registered
in the State Department should have been only
SIT oc0 But instead of s11 ,OO0 the Receivers have
already mad sit, 700 returned to them, and may yet
have more! Of these there is no amount either on
the books of the bank or in the State Department
Who or where the rogue is does not yet appear. 1t
has not been minated that the bills counter