Arkansas true Democrat., 1857-11-17
Chreering Financial and Commercial h. telligence by the Persia-Views of an Eminent Banker-Present Crisis soon to Pass

to Pass
 Washington, October 3l, 1857.-The most hopeful and cheering views. in regard to the present financial disorders in the United States and Eng land, so far as each affects the condi. ton of the other, that we have met during the crisis, come to us by the Persia-the advices as late as the 27th ult
 A letter from one of the most eminent Bn. tish bankers, who is equally well informed in regard to American as British affairs was re. celved in this city, by the Persia which puts very cheerful aspect upon our monetary and business relations.
 The writer remarks that the crisis in the United States is similar, in causes and affects, to that which occurred in England in l84l-5 and known here as the railroad panic. Here as well as there, as much money had been ez pended Tn constructing railroads, in ten yean, as ought to have been expended in much longer time; and the consequence of so vast sa expenditure was to enable much greater num- Der of persons than usual to consume foIeg1 goods. heSe good, were sold by the importeE and Jobbers at fair profit, but in paving iot the excessive amount they were obliged to ship gold.
 The loss of gold, as we know to our sorrow, caused the collapse of our bank paper system, and the utter confusion of our exchanges
 but thlS writer encourages us to believe that we shall come out of the crisis much sooner than England did in lS44-5. He says we have crops of great value ready for market and he lntimates that they will command , ready market and at a fair rate abroad
 The scarcely of money which is felt in Eng lanG, Is partly owing to the depression here; Tor the monetary system of one country is 9 mterwoven with that of the other, that what. ever disorders one part of it affects the whole. The bank of England says the writer, is en. deavorlng to check the drain of gold, by raising the rate of interest, as was done in lS4E'4l It had now been raised to seven per cent. but would probably be further increased to eish; per cent.
 Specie, he says, would nevertheless flow to this country in such amounts, that our banks would soon be stronger in specie than ever- He refers to the low rate of American securi. ties as as an inducement to investments in them as we'll as cotton, etc. Other advices by the Persia corroborate this general view, and it is | further confirmed by the fact that the Persi, has brought million in con and another mil. lion in certificates of deposit in the banks of Liverpool, which latter amounts are to be in vested here in cotton and securities. More gold Is to follow in every packet, as we are as- sured.
 The prospects of market for our cotton and bread-stuffs are decidedly improved. The Manchester spinners were for while induced to believe that the depression here would per manently affect the prices of cotton, and bring it to sixpence per pound. But they will be soon undeceived. Much of the gold lately re- ceived in New York is going to New Orleans, where it will serve to sttfen the cotton market.
 Of course the present condition of England and her cotton trade and manufacture are to be improved by the suppression of the mutiny in India. On this subject the views of the London banker, to whose letter we are indeb.- ed for such information, are entitled to much respect, and he confidently states the conclu. sion that India will be entirely re- subjected to British rule by the coming Christmas.