New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-11-27

Dates fto Liverpool by the Niagara are to Io'sock
IN M Of the 7th inst We extract the following from
her advices
I'D M Great Britain.
Financial Affairs were stii paramount in importance.
On Wednesday, the 4th, Consols fell to 3d. There
was increased anxiety and pressure In the money
market, under the apprehension Of rise in
tbs Bank rate, but the heavy payments Of the Ash
i Ths suspension Of Powles, Brother 4 CO. was an.
nounced. Their acceptances amount to about fifty
thousand pounds sterling.
The nate Of discount at Hamburg was advanced to
On Thnrsday, the 5th, the Bank Of England, as
was apprehended, raised the rate Of discount from
eight TO the unprecedented rate OF nine per cent.
This movement failed TO abate the demand Tor money,
which continued without diminuticn throughout
Thursday. 54sib s5s III. as tsg5 IL
The Times thinks the continued pressure must be
mainly caused by alarm, and the consequent desire
Of every person to be oyer-supplied.
euggestiona were current that the government
should be called upon for palliatvea, but the Times
argues that there j 40 shadow Of pretext for such
stem. The Times says: g All classes Of the public
mnst be well aware that il the nation should pitia
lose ts ssposssssiGa as t. gys ~ way e panic
vim be compelled to adopt. There can be no need,
however, By formal proceedings to proclaim the be-
MI that the financial sense Of the nation is still 80
lov q The degrading contingency 70 be re-
The funds fuctuated about . half per cent during
the day, closing at S83 to SSt. ~
| From Ill places on the Continent various sums in
specie were said TO be in course Of transmission to
America ~
The suspension OF Naylor, Yickers h Co., Of Shelf
field, and having branch house in America, was an
nounced. Their liabilities were estimated at from
f600 to FL 000 and their assets were believed
to be 100000 In excess Their difficulties were be-
lived to be temporary, and were said to have been
cansed solely BY the cessation Of remttances from
America. Aessrs. W. Orr Co., in the River Platte
trade, have also suspended. ss
| At q public meeting Of merchants ct Glasgow, q
deputation was appointed to proceed TO London to
wait upon the Government and urge the necessity Of
immediate measures for commercial relief
On Friday the applications at the bank for money
were numerous, but no new difficulties transpired.
Consos advanced early in the day, but subsequently
The Times urges suspension Of the export Of
specie to India and thinks India rich enough to be
left TO her own resources
| The Daily News believed the Glasgow depu tation
arrived in London on Friday evening. They will, it
bility OF suspending some OF the provisions of the
| Bank Charter act, as was done in l847. Movements
with similar object may be shortly looked for in
The freedom Of the city Of London and o splendid
sword were formally presented to the Duke Of Cam
4 bridge on the 4th. The Lord Mayor gave grand
banquet in honor Of the event, which was attended
| by several Cabinet Minister'S and foreign Ambassa-
j doris, including Mr.. Dallas. The Duke Of Cambridge,
in speech, saidthat be had letter from Sir Colin
Campbell emphatically denying that there was any
i difference between the Governors General and him.
\ The Duke extoed the conduct Of the British army
India, and advocated its maintenance in an efficient
\ state Of warlike establishment. a
j Earl Granville defended Lord Canning from the
charges with which he had been assailed but ntima-
ted that il they should prove true, he would sacrifice
/ his personal feelings to sense Of public duty.
4 Mr.. Dallas after making some remarks appropriate
4 tnth ia NJ Cav 70