The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1857-12-27

90 LyKRPooL, Dec 8, 1851
D.,n sn We live in excitement, and longing for
turn 10 the ordinary course of trade, when men may
-, with some degree OF certainty on an upward, down
ar stationary condition Of the money market du-
In, twenty.four consecutive hours !; but has
s stock exchange recovered through the kind interpo
.,ton Of the Premier from its pressure, by suspension
othe bank act than il Is again plunged into turmoil
v incredible failures and almost suspension Of com
uere in Hamburg TO be followed, told, by 81,
utic wave Of the character extending up TO the
cmanes Of Siberia And yet amid this Of financial
sments and wreck of banking systems. is il not little
urprisng that France, whose government has been
lang dccried as unstable, has by repeated changes Of
n. tactics been enabled to protect its commercial COM
nty from the effects of crash and that portion of the
gord who measure men by their is lost in admit
alton Of the Napoleonf IL would appear fron late
.,oupts that our speculative friends In New York
have not fully proied by their recent bitter lesson,
and are again ready to get up the steam, and load
,he afety.yalvc their recklessncss shows contin-
,ous lack of confidence in England and it becomes
all thinking men to pause and reflect ere they rush
hoaalong into charybdis of Investment, after hay
inc but Just escaped Scylla which many true and
boorbe men have foundeed Iwould call your attention
oa fact which may be worthy ofinvestgaton
comparatiyely sound condition of Canada in financial
matters Peopled by mixed large consumers Of
both American and English products her banking system
ia notification Of the systems of both countries grant
ing facilities all branches of legitimate trade, and at
be same time protecting the interests Of the capitalist
NAV be that they have discovered the philosophers
,one in banking worthy perhaps of analysis and, If
found adequate larger sphere Of usefulness commend
able for experiment in great laboratory.
The suspension of the bank act here viii be almost
unanimously endorsed by Parliament in session, for
there Is no alternative The heroes of India will be
wared by grateful people, and representative reform
will be postponed to later session. Commerce will
sumo its wonted sway with the new the depressed
and ruined will be taken by the hand doubt is the
custom of merchants and in 1867 we shall be ready for
another breakup. a
Before taking leave OF this subject hope for months,
cannot orbcar giving testimony to the generous and
manly sympathy shown to all our leading American
houses here who have been compelled either to suspend
or stop payment and you will not fail to notice that the
tone Of The English press has been less harsh than in
years gone by.
The Adratic so long promised, has at length arrived
she is truly glorious monument to departed friend
George Steers who did not live to his trumphs the
seas She has been visited by all classes Of people, and
s1cies their warmest admiration the present simplicity
Of her gigantic machinery gives promise of strength and
utility and we hope that long she will be heard from
in ainsday passage. Captain West her veteran COM
inande takes great pride In showing her fair interior to
his old friends in Liverpool and she sails with
the best wishes Of all for her The by the
Arabia which to hand Sunday evening. is Of
cheering character and the arrival of so much specie was
hailed as good omen.
The levathan steamer at Blackwell is not vet afioat
but has reached the water and hope my next to an
that she is riding safely at her anchors in the
Thames Mr.. Brunei has had cnvable task in his
duous undertaking, and is down with anxiety and
fatigue but tho cry she floats will restore him, and
perhaps her Britannia Majesty may contribute to his
rapid convalesccnce by knighthood The royal family
have taken great INTEREST," the construction of this vessel
and the Princess Royal could scarcely be prevailed upon
10 renouncc scramble up the ladders her side during
visit she made to the ship yesterday morning She is
girl Of spirit and brother Mason Prince William of
Prussia is expected to carry off prize early in the
year.
France is still progressing in its imperial course The
rates of interest have been reduced to g. T. and per
cent according to the date Of paper and the French
rencs have improved to for money and g. 80 for
the end Of the year
DEcEAHER 3, 1857.
The advces of this morning give favorable account
the London money market Consols at 9l& OH for
7 per cent.
Railway share market limited in transactions. In the
Paris Bourse yesterday there slight decline in the
3percent renes, which closed at 585 for money and
&C. Is for account late telegram received at the for
ogn office reports two conveys Of provisions having
arrived at Lucknow where Haveock still surrounded
by large numbers of the enemy, who said TO have
800 guns Gen. Outram had been wounded.
At Hamburg the Senate and burgcsses had come TO
understanding, and abandon the issue of paper money
and forced circulation.
sum of fifteen millions Of banco will be grant
Cd to the Bank of Discount and the treasury to de-
posite at the bank amount of five million shares in the
railways from Berlin TO Hamburg and from Hamburg to
Bergdor both being the property OF the State and the
bank will theeupon begin TO grant discounts to the
tent of s 1000 900 mares banco.
The State also proposes to obtain 10 100000 mares
lInco of silver abroad
The four powers signed the 9Th instant at Constan-
tnoplc the final act Of the ratification Of the Russian
frontier in Asia
WY acIITNuTaN Apt icSOCJ ATION IT, c.