Glasgow Courier. — 1857-10-15 (Glasgow, Strathclyde, Scotland)

THURSDAY MORNING, OCT. 15.  The Valetta steamer carrying the Calcutta mails arrived at Marseilles yesterday morning. The Bombay and Mauritius mails had been sent on by a French packet, which has not yet arrived. No China mails.  The Alhambra steamer, with Peninsular mails, arrived at Southampton yesterday. The dates are from Gibraltar 6th, Cadiz 7th, Lisbon Bth, Vigo 11th inst. Yellow fever still raged at Lisbon.  A supplement to the London Gazette, published on the evening of 13th instant, contains a number of official Indian despatches. The military movements which they describe have been, from time to time, placed before our readers. Four are from General Havelock, under dates 12th, 15th, 206, 29th July, detailing his actions before and near Cawnpore They are written in a clear and soldierlike style. There are two from Major Vincent Eyre, relating his achievements in Arrah. The others are from officers in detachment, and Government officials in acknowledgment. From the same source we learn that Sir Michael Seymour had formally declared the port and river of Catkin to be under blockade from the Bth August. The plot thickens in China.  The telegraphic summary of' the Calcutta news will be found in another column. The intelligence is brought down two days later, but is not specially interesting. We hear no farther news of General Havelock. On the 2d Sept. the garrison of Lucknow were in good spirits, and sufficiently provisioned. They had repulsed a fierce assault, and disabled the heavy guns of the assailants. They were to hold out to the last extremity. On the 4th reinforcements amounting to 600 men and a battery had been despatched from Allahabad to Cawnpore, and General Outram was to follow immediately with 700 men. He will probably be with Havelock on the 12th, and at once proceed towards Lucknow. General Van Courtlandt had gained three victories over the mutineers at Ilissar. The Punjaub troops had arrived before Delhi, and a Cashmere auxiliary force numbering, 2,600 men, was on the way to join them. The siege train from Fero. zepore was expected daily. The Nepaul Durbar has sent 1,000 Ghoorkas, who have occupied Azimghur and JouJpore. Scindia seems to be loyal. The Bundlecund and Rajpootana chiefs are apparently true. The Punjaub and Sutlej are tranquil. The disarmed Native Infantry at Lahore murdered their commanding officer on 13th July; by Ist August all had been captured and summarily dealt with. Everywhere the rebels seemed to be losing ground, and the few additional particulars now mentioned confirm our hope that the worst is over.  The mercantile community in this city has at present unfortunately too much cause for anxiety. Under adverse circumstances more than one of our largest commercial establishments have succumbed, and there is no disguisinglthe fact,7lhat the stability ot several others is regarded as very doubtful. Confidence in many quarters has been rudely shaken, and from present appearances there is well-founded fear that the season of embarrassment is by no means over. There cannot be a doubt that the stringency in the money market, occurring simultaneonsly with, and to some extent influencing, the bankruptcies to which we have alluded, will operate most injuriously on•general commerce both in this city and the provinces. We may rest assured that the extreme excitement which has for some days prevailed shall not quickly subside, and fear that ere confidence is restored we may have to deplore much farther disaster.  While we acknowledge that it is unwise to shut oar eyes to the difficulties in which some of our most enterprising firms are placed, we do most deeply deprecate the ill-timed and culpable announcements which have been indulged in by some of our English contemporaries. The reckless assertions which hays thus been made, whatevet be the general feeling as to their basis, deserve universal and severe condem. nation. Do these journals thus dare to sport with the mercantile credit of our city? If this be tbe feeling which has prompted their unguarded re. marks, we can conceive no censure or penalty too severe. If, on the other hand, they have thus expressed themselves hastily under false information, they must equally be reprehended for imprudent management. In either case do we charge them with a serious offence. Commercial position is too difficult of attainment, and involves too important results, to be thus demolished by a rash newspaper paragraph. We advocate no concealment, no shirking stubborn facts; but must strongly reprobate the conversion of mere lonjecture and hearsay into sad reality. We be; have been misled by some meddling —emptito the