Newspaper of The New York Herald, December 5, 1857, Page 1

Newspaper of The New York Herald dated December 5, 1857 Page 1
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THE NEW YORK HERA T-D. WHOLE NO. 7765. MORNING EDITION-SATURDAY, DECEMBER o, 1857. PRICE TWO CENTS. THE EUROPEAN MAILS. The Financial Pressure in England and France* THE ASSISTANCE GRANTED TO GEO FEAEODY & CO, LNOTBEI LARGE AMERICAN HOUSE RELIEVED, Ac., &c., Ac, The America's malls amv?d In this city last evening. The taftert I'art* -find l/indou papers are of (he evening of the SKUh, and Liverpool of the 21st ult. 1%e Pans fays of tho 18th ultimo, contradicts the ver Blc? given fcy an English journal of a difference which oocur ed at Sh&nghae between the consuls of France and the United ?States. It appears that in consequence of the scarcity of provisions at Shaughae regulations wore agreed spun between the various foreign agent* and the Kuropeon Custom 'House officers, limiting the exportation of rice within certain quantities- A French vessel, laden with rice, about to leave the port, the United State* Con sul tbo-ight fit to oppose its departure; but onr represen tative having appealed to the European commission, It wasa' certamed that the vesael did not contain more than the permitted quantity , and she was allowed to sail. The affair was of trivial importance, and did not result in any interruption of the friendly relations "between the consuli. The following is a list of the missionaries known to have been killed nince the commencement of the mutiny in India: ? Rev. W. H. Haycock.. .Cawnpore Propag. Hoc. Rev. H. Cockey do do. iRev. J. E. Freeman .... Fu'-teghur Am. I'rc.-j Mis. Rev. I). E. Campell. .... do do. Rev. A. O. Johnson.... do. ........ do. Rev. R. Miumullin do do. Rev. T. Mackay Delhi Bap. Mis. Soc. hev. A. R. Hubbard... do. ...# Proptig. Soc. In, D. Sandys do da. Rev. R. Hunter Scalcote Scotch Kirk. Hev. J Maccallum shahjehanpore. . ..Addu. Cleiny. ladies and children killed: ? Mrs. Haycock, Mrs. Oockey, Mrs. Freemen, Mrs. Campbell, with two children; Mrs. Johnson, Mrs. Macmullln, Mrs. Hunter, Mrs. Thompson, ?I" Delhi, widow of the Rev. T. Thomson; Miss Thomp son, Miss Urace Thompson. The mission property des troyed is estimated at the value of ?70, WW. Of this beuvj loss, by far the greater portion falls u|ton the KBgiish Church Missionary Society, and the American i resbyterian Mission. The former loses ?;I2,000, and the latter ?26,000. Gen. de la Concha, the Governor of Cuba, has sent to Madrid a most satisfactory account of financial receipts. Despatches were received in I'aris on the 17th ultimo from the Admiral commanding the French fleet on the South American station, announcing that tto ttat* of the Dominican republic lean *uc/i that the Admiral found it luceuciry to interfere for lk? protection of the French reti Ml. The following caution to emigrants proceeding to St. Do mingo appears in the I'aris M>miteur: ? A certain number of emigrants lately left France fur St. Pomlngo, and another departure ban been auuuuneed The accounts received as to the position of the lirst emigrant* not bring favorable, French colonist* will net wisely In adjourn mgiV ?ir intention of establishing themselves in' th? republic ?l St. Domingo. THE MONEY CRISIS. The AmUitanr* to Geo, Pen body & Co.? More AM to American Ilouaca ? WamMof the Sum. pendrd Merchant*, du ., &f,, ?fcr. THE LONDON MONEY MARKET. [From the Icmdon T'mes. (? *ity Article,) Nov. 19. J The upplicatious at the Bank of Kngland f or discount in treaxc rather Ihstn diminish, ami the titt of failure* hat a^utn NriJt terioutly eztend<<l; but the public liavo abun dant supplies of money for investment, and tho funds show undiminished firmness. Consols for money , which advanced after regular hours last evening to a 891, , were first quoted a . whence they improved to 8BS a 89*j[. I'ltimately, although tho quotations wero again a H?v, for money, and 89', for the 7th Decern ber, th" market presented a very good appearance. There was no particular pressure for lorws on government secu rities. and the rate ranged between 8 and 10 |>er cent Rank stock left on at 112 a 214, India -lock, 211 a 214; In d*i bonds, 46*. a 36s. discount. The demand at the bank to day was extraordinarily heavy , fuit it must he remembered that the notes thus obtained are fiaid into the various binks with whom the discounters keep accounts, and that at the end of the day these banks pay them into the Bank of Kngland,*o Una. under certain circumstances, it Is quite possible for an enormous quantity to be put forth by that estaltlishtnen without its sustaining any ultimate diminution of its stock It is only when notes or gold aro draw n out to strengthen the reserves of provincial bankers, or when gold is taken for exportation, that the resources of the Bank of England are impaired, and the peril m Uieae respect* is now sub siding. The run in Scotland appears to have entirely leased . and a further total of lOo.OOO sovereigns waa re Ceived them e this morning From Ireland the report* are so far favorable that it is not thought any addi tion will be required to the large sum* already sent there In this country the stoppage of the Wolverhampton and Staffordshire Banking Company may lead to some increased precautions on the part of lis al es tablishments. hut it is believed that in most cases ample provision again-1! emergencies has been m ule for several weeks past. Wi7A rtaanl to tkr foreign drain, not mtif u itforthe moment '"m/Meljf checked, but w? are bef/inmmj to ' ''J?)t benefit oj ru.h arnnals at takr place. To the h.tst the shipment oh mercantile account by the |>acket of tho 20th Instead of being ?M)t> 000, in accordance with the ordinary ?cale throughout the greater part of the y?ar, will he only ?tlH,uuo. Meanwhile some gold arrivals from AuHtralia and Russia have found tlieir way to day to the bank, and from both quartern further amount* are Imme diately expected. From N'ew York also, it Is thought, re n ttauccs will now again tie received by each steamer. The Baltic this afternoon has brought a moderate sum. and the 1'ersia i* looked for on Saturday with a com paratively considerable total Under these circumstances aij improvement may be hoped The public mind, ?? ing to the almost total impracticability of ohtaimng advances on b.ll- of over three months' date fr<un the sudden with drawal of the "facilities" hitherto reck le? sly granted by *>>?n* of the discount I louses, is undoubtedly in such * condition that Ike nhjiht-ft tncr>?* oj ditfnirt mujhl had to nn ismlrlM ext-ntion of tA? pfmilinff mi*Si-f; but if the next few day* should |>ass without any fresh ilifta?!erof unexpected magnitude there will be ground to tri-t that a gradual recovery may be at hand. Ihiring Uic day the probability was di?c<ts*ed of a fur ther ad ranee m the bonk rate of discount to morrow, but Uie gold arrival- dimmish the prosper! of ?u h a step. An average business has been tran*a< t<>d in foreign stocks, but in Mime eases the market ha* shown atenden ry towards further deprension. An advance took place in Uic early part of the day in Turkish, but it was not mnin U.ned. and the closing price w*s slightly lower than that of yesterday. fte final quotation* of the French Three prCeot* on the Tars- Bourse tins evening, were 67f. for money, and #7f. 10c. for the end of the month, showing a further advance of ?n ee eighths per Cent ftn the t'titut Ksrhanfjr the prtrmr* itn r.<a< *. and vithmtkc part ten daft the pre miiim on f id ha* aitmncetl 2 per rent About ?92.000 of Australian and ?A2.000 of Russian gold were taken to the bank today, making, with 100 000 sovereign* from 8rc*iand, a total receipt of ?.'54,000. A further sum of ?62.000, Russian gold, is expected in a few day* The suspensions to day have been numerous. First on the tist W tfie old ana retpe* table mercantile house of K. Sieve king h Son. witli liabilities for more than ?400,000. They are toOerwd with the Swedlah trade, and will'tiffrr fr">m tlie ?to|Hmge of Hen re. Buxton A Co , arinoun :ed yeiler day bin the itomediste csu?e of their diffleultie* was the failure (4 Rroadwood k Barclay on the Oth ln*t. Annexed is the circular is* tied ? N" fii Frscncacn HrsrsT, Nov. 1?. t*S7. W fc?wnjs of the deepcsi grief w?- unnoiinee to %on th*' duty which "las hern foreed upon us to snsp-nd pKimeal* thl" .l?y-?? trust temporarily ?nl? as we entertains c^ntl den' hope n?t onlv of satisfying all our creditor* in full with tnteresi, but H?o ot resli/iug a surplus, provided our asaet* i * mi disatgated by unforeseen hostile proceedings Kmbarrasard by the 'liiexpei ieit fatlare of Rrnad wood a Haltslay. whose ?.cepi*nce? ?? hekt lo a l uge smioiat. and wb >se k,u has rumpromised some of ,.ur-W>s> India coaaeetMW with whom we sre deeply Involved, <m haw* al**? al this erbical period been deprived of the custo mary channels of accommodation, and the elTorta of friends to ?upp>r< ns haw heea renderol nngntory by the im|n>s?lbtllty <.t ni**in*availai?'e a large smouni ot lulls now in our pos Siesaluu W " are this compelled lo take a alep of the palntu iie. . ?? 'v of which r? bad not until quite recently the remot *s' aiisi icion. With Ihe assistance >f Mors gullter. Rail * Co we shall yrepare a balaju e ?, which shall be laid before our lien with i II possible d. ?p*?ch. hut we need hardly add that, fr *n the in' tore and <** i"n' of our buwnesa, some >im* must elaiMte tief.r -e its eompta Ion li.s i raking your kind sympathy under these sad reverses. K. WE V KKfNH A K?V. V. Hlnoe the foregi vig was penned the suspension of Messra " are Ituxtoli |c? has been HniKiunceil b) which We f. ar 11' r iHaltton wtll be sMtertally altered. In . otiaeqtionce of the dMcnltiea of Sloreking and Son and lb>*re, Buxi >n and Co. , H***r* Allen. Smith and Ok, .iiielly e?Mged a business anh Ivnmark. hare also sua < ?ended* Tli atiuunt flf thcu labilities has not trans p-red. VP ssr*. fv?*idsen?nd Johnson, mcrcbanti, nip brokgrt awl ron I e.xisirts rK-, with branch eatablisliments at New. .astv- and Har.iepuol, hare likewise sU>pp<>d from tho came cause. . . Meivs ?orri*=?n. Rule I and On., merchants have been \ sought lown hy th' absence of remittanu'* from Ante ma, and iiare issued tin- following:? 1 Hhto. Kicttiiti Brunts. :? Wor I* I"<ft7 <?! sft r*rs? Willi deep regr- i we have to ?c.| > nut ton tliat * e sre ' impelled t?i StiMK'M payment, and have in MS* **nuene< to reij ij, s 1 the ind ili "see of our ? r editors IV nx cash advances t? parties la the I need S- ce? who ?fe *t pr*?'?t r iM* to tnent tb-lr engscment the effect .sr tuit failurw c thl# rv -uirf. )i sadJealy rendering uo available rcm"<am en already reor.?*vd, logatber wtita tho un ri'i'.amty w hi h exists respecting fnturu remiiianees, are the eauscs which have necessitated this stop <m our part. flur V.ikiUh arc placed in the hands nt Vjmlu r, Halt A tie , with instruction* to investigate our affairs and to pee I>h i e a full w?ienoi.i ?>t (bum for suhmiMkui to our rreditor-i at a nicciiug convened with the. liuuii possible delay, aa4 of v. hu b <lu? notice wtll be given tioRKISSEX, HUKKEL ft CO. "here bus likewise beeo a tailur* of ti corn liuwrtmn firm - Mesers. Prockluhby ft Weeae-hs? with liabilities es timated at als)ut ?4(>.0fe>. and mwtt- which, at present do pivBuud piicee, would yield about ?30,000. Ancexed is ttoeir circutar: ? Miwmt Conar, Nov 18, 18/17. Wp Vic<w>ly regret Ving oblWfd '? annnanee. t? you that. owinK to 'lip depressed state of (be corn trade and the pres-nl uni-nil?f?'tory condition of the money market, We have ieeu compelled to suspend uvant A statement of ?ur allalra, wftlch la bow beia*: prepared by Mr. (J U. Jay, of Old Jewry chambers, will bt submitted to you at mi eariy period, and in the meantime we have to noli cit your kiud indulgence. BROCKLB8BT .ft WB88RL8. Messrs. Hoare, Puxten ft Co., whi?? failure in the $w?ditth trade was announced yesterday, have since ad dressed their creditors as follows: ? 23 Old Buoic Atuket, Not. 18. The unprecedented state of the money market having thrown unexpected UaSlillties upon UK, -he result of which we nre at present unable. to estimate, we have been under the painful necessity of tssspendlng our payment*. Our ile pendenciiw are principally with Sweden, and rely Ing on the good taitfi mid stability ot "our correspondent* there which have hitherto characterized their commercial trans*. -- tior.s with hp, wo trust that we shall he enabled to dischu ge our liabilities in a comparatively limited period. We have placet our atTalrs in the band* of Messis. J. B. t'olem ti & Co , tie accountants, and propose to have a meet ingot our credit<irs at the earliest day possible. In *he mean time we shall adopt measures for me most speedy rcaliza Hon of asscis for division, in orderto obviate, as far a* i>?* slMe, the Inconvenience which our suspension may have caused. The Calcutta and Manchester firms of Hoare, Ml'ler A Co., nre in no w ay adccted by our suspension. lit) ARK. BUXTON ft i'O. A meeting of creditors of Me?ers R. Ba,.ibridge ft Co., w I c>se Mispesi.-ion wan announced on the 13th lust., w;i* : held to day. but in the absence of accounts from America, no positive information an to the financial state of the firm could be givcu. The immediate cause of the disaster was stated to be the failure of Motors, (?eiini-biiin, whose uc reptaiicea Messrs. Kaiuhridge held to the amount of ?11,002. A committee of four creditors was appointed to watch proceeding?, and to call a meeting m soon as fur ther intelligence arrives from the I'nited states. An improve ment which has occurred in the shares of the Kast Indian Hailway Companies during the last two days is attributed to ti rifiort that thr Imperial gnvrmmrnt harr ruiiloed to wuume an tindiriilrtl control otvr that < in /nr. It in also affirmed that no loan is contemplated to be raittd on its behalf in Fngland. In the railway market a recovery took place in the morning, hut it was not maintained, and the leading de h riptxms closed generally Hatter. American securitu* were active, and show increased firmness, especially New York and Kile. [1'rom the London Herald (City Article) Nov. 19.] With mercantile attairs in their present unfortunate con dition it is not probable that the demand for nwmoy will greatly relax. The strain In all quarters continues to bo extremely severe, and the applications at the Itank, although not generally responded to, were of an eitraor dlnary character. The issue of notes under the letter of relief continues, hut the full inquiry for accommodation cannot now be satisfied, the discount brokers having, in s? me degree, restricted their operations. Out of doors tho terms for the negotiation of paper are quite arbitrary, and the hank rate cannot, under the most favorable circum stances, be approached within one or two per c?nt. It whs stated with confidence to-day (Wednesday) that the Park Committee were occupied for a lengthened period in deliberating upon thf position of a large mrrcantile cs titfilitmrnt which reiruirrjt jwuniary a'ssistavr The in terests involved in the case m questinn are of so important a nature that every endeavor will , it is presumed , be made to assure the thirties the required support. Should the ne gotiations not be conducted u> a vtcctusful conclusion thsrc is n<i*on to fear that ths house will have to swvwnb, atul if so tcreral other frmt arc likely to be compromised. [Krom the I on don News (City Article), Nov. 19.) Our antici[>ation that the remittances of spocie and bul lion to the Kast, by the packet of the 'JOth instant, would be below ?400,000 Is corroborated by the fact. The total amount shipped by the steamer Nemesis is ouly ?319,787, of which the whole is in silver, with the exception of about ?6,000 in gold. Were it not for the shipment of a quarter of a million in silver by the bat India Company, the Kastern dram might be regarded as. for the prewnt, quite stopped. This was tho last day for effecting ship ments The particulars are as follows, via : ? For Alexan dria (gold) , ?1 ,000; lor .Aden (gold!. ?A00; for Bombay, ?118,195; for Madras (gold), ?1 ,136, lor Calcutta, ?173, 774; tor Pettang, ?3,SH5; for Singapore, ?'2,600; for Hong Kong. ?13,1K8, and for ?hanghae, ?'2,270. The importance of the check which has been given to the dram will bo seen by the following statement of the aggrt gate remittances by each of the laat six steamers, vi* : Sept. 4, per Indus ?W*6,0'25 Sfpt. 20, per Kipou. Oct. 4, per Colombo 694.4H5 Oct. 20, |>er Indus 777,1*2*2 Nov. 4. per Ripon 950.841 Nov. 20. per Nemesis 318,787 [Ij iidon (Nov. 19) Correspondence of Manchester Guar dian | Yestesday was a very gloomy day here, especially in theeveuing: the susi>ensinns of several bouses being announced , in addition to the one named in- the morning They are tiorrissen, HafTel ft Co for aliout ?*">00,000 Hracklesbv ft Wessels, ?40,000: Sveailstm ft Johnson ?40,000; and Allen, Smith ft Co., for ?100.000. It was. in a<1dition, further rumored a tvrj large h<<iu- imteed was in difirultiet, '?t ice hatv the pleasure stating th<U the Honk ?/ f'nghiiul has tn day granted the assistance re ifuxred; and further, that while t\.y haee not la/'lytren accepting any hills, they Arte* large de/xisits place d on call. This morning the uneasy feeling experienced last even ing was continued, but after the bank meeting broke up, at about three, and the result of their deliberatsma be came known, great rebel was experienced, and later in the day there was n more manifest improvement. A house tn the Manchester trade was currently reported to have failed, but it is uutrhe. and the house has a large balance at its bankers, and invites any one who has a doubt about them to take a cheque for their claim. [From (4ic Ijt nlon Times, (City Article,) Nov. 20 ] In all mercantile quarters there has been a decided amendment to day. Not ? single failure has been report e? I, and some special causes of anxiety lately prevalent have been entirely removed. The stock market opened with Amines* at the prices of last evening; and although a slight reaction subsequently took place, a steady tone was again manifested at the close. Consols for money were first quoted W?>r to , whence, owing to an impres ston that, a further advance in the rate of discount might be contemplated at the bank, where the Oinrt did not break up until a late bour, a decline occurred to 89 '4 to Finally . upon its becoming know n that no alteration would he maile. transactions were again entered into at 89'^ to 'i fur money, and 89*, tor the 7th of Tteeomher. one or two of the prim qsil dealers brought some stock upon the market during the morning, but the public gene rallv showed a disfMisitM>n to continue their investments, loans on government tecortties were in active demand at 10 |>cr cent. Bank slock left ofl at 212 to 214; India sto.'k, 21 *2 to 214. India bonds. 45s. to 35s. discoutil. It is understood that an application . which has hern made, u ithin the last few days, by a lending American h/mse to the Hank of* / ngland for a large a/t nance >rn securities fur mshed from the private resources of the Hem Vu he*n most n'tts/aiiorily met. and that all the accommodation required will be fully granted. Foreign stock* have been in better demand, and in some ciue? a. pnrtiil recovery has taken place. The final quotation of the French three per cents on the I'aris Bourse this evening was 87f. 5c. for lioth money and a< count, show itig no alteration The private letters from I'aris describe a better feeling. ,V me of the Am-Tican houses are tvginning to get remit tanccs. ami the rttuation nf the Hank nf h\ance is imprnr mg At other continental cities there are likcwisn signs ot an approaching tendency to a revival of confidence A further amount of ?20,o00 Australian gold was sold to the bank to day It is also understood that 50,000 sovereigns have been returned from Ireland The ?526,000 in g<>ld bv the Australasian will he deliver ed in l.?mdon to morrow It is e*|>eo?od that a large jwr tt>>n, if net the w hole, will be sold to the bank The bar silver brought by the last West India packet has been sold at nl 1 ,d per ox. , showing no alteration in the rate. The railroad market has been generally flat. There was little inquiry for American securities, and the final prices show no alteration. [From the london Tost (City Article) Not. 20 ] Tli" money market continues very stringent and them hns again been a heavy demand for discount accom modation at the Rank of Kngland. It was indeed feared during the morning that the bank authorities would advance the rate of dlscnn&t to a still higher (siint. but the weekly court eventually bril^on without any alteratk>n tx ing made. The lilting w i- . however, unusually pro tracted In Its character, and It is understood that the de liberations were chiefly in reference to a ilrmand fares traontinary assistaner by ur, mmrnt firm in the metropolis; and We believe thai af'er an ini>ftiga/\<m nf the case, the directors *vre thoroughly MUirJial both nf the rrpedtmi y of aci "i ding the assistant e ret/uired anil of the securities ten dered . ami complied with the rei/uert to the full e stent Tli* course has given great satisfaction In city circles anl this afternoon a more hopeful feeling has been observablo than for some days past. Several rumors have been afloat with regard to the po?tU<>n of certain mercantile firms, but it is satlfacfory to slate that no fkilare nf im |iortnnre been reported today tin the Stork Fx change mosey has been in moderate demand at S to 10 per cent on consols. [From the lond?n News {Oily Article) Nor 20.] Tins (Thursday) has been one of those days on which the tongue of public rumor delights In taking liberties with mercantile names. CnfounTed reports of actual or impending embarrassment* were circulated In many quarters with a mischievous fncMity. No further failures ot importance were to day announced, hut much regret has lieen excited by the announcement thil a leading American how is m difficulties An application for as sistance to the llank of Fngland has been met by the di rectors with their usual liberality of spirit, and we have sincere satisraelion in stating that the needful a?slst ance bss been granted under conditions with which it is fully expci ted that tlie house will be enabled to promptly comply. The matter Is believed to have formed the principal subject of dlscukston st the weekly court a* the bank to day. which had an unusually prolonged sming. and broke up without the anmsincement ?if any i hange in the terms af the establishment. The fiinds to day were a trifle flatter In character, yet rfftnln great steadiness After an extreme fluctuation of ?, pi r cent, the clcMng quotations nere the ,-amo as those of yesterday Owing to the rec ent extensive sales of stock fnT account of bnnkefs and other parties, the v*luc of tn<i nc) m the "Icck KivLaage h.n risen 10 ycr cenf, th>? r?te was pawl to-day liy some or the principal dealers for loans on consols until the IHrcmWr setileniel Tlie sup ply of st?>ck thus indicated tfii'l* ralher to discourage spe culator* for the rife, dcspitv the approaching deducli-Jti -?* the half yearly dividend. |Krom the london Chronicle, (City Article,) Nov -'O | liic demand for money couiiuues very active, Willi Bottling doing below tin- bank rutn. The report which has been circulated far :wmn ?la.yw past, to the effect that .1 very largo house connect.*. 1 with the American trade was ui diilkolty , w*n revived tbia mcrning with loss reserve; but we ar? ahlo to slato that the Hank of England this afternoon decided 10 ?iv? the house assistance, hi conjunction with certain of the joint Htock banks, to the extent of ?1 ,000,000. This will quiet the apprehensions of many persons. A wotki la I/ft house h as alio /?nrivat assistance, and lh? ftrlitiy in the cummerciul wvrld hashed nnc much littler. (Vmmereial difficulties arc rapidly increasing, from tho extreme tightness of money and the failure el reiinltaiicea (n:fji America und the heavy fall in the price of produce. It is chiefly the large houses which, at moments like the present, suffer most; bence the oggrcgulo amount of lia bilities of the houses which have suspended this week h considerable. The Rauk of England and their champion of the pro?w appear to be striving their very utmost to save their ? bantling" from the death we feel sure awaits it; and, frrm the incidents ot to diy we sha I not ?>o surprised if to morrow we see another effort to support tho ban* char ter, upon which the old lady of rhroadnecdle street Bets no much htyre. ? From the London HUr (City Article), Nov. 20.] It ui said that the Court 01 Bank Dlreoors, which sat from ten O'clock this (Thursday) morning until nearly a quarter past 1 *0. had before 'iieni a pressing application for immediate assistance from an eminent firm owir. iciVfc the trade urith the United States. The appliciit n staled to have been favorably entertained, and as*utan<, granted to the ,xtent of ?500,000, at 10 per cm' inter, st Assistance was also extended yester lay to the Wn vor bHiiipton and Staffordshire Ranking *'< mmuiy. and also, it u added , to a commercial house. ci' < led with America. The long list of commercial l'ailui - yesterday threw a yood deal of gloom o\er business this morning; und the tendency to depression was increased by the protracted sitting of the llatik Directors. From the tact of the de niand for notes having been, so active all the week, and the inquiry allowing no signs of abatement , it was believed in many quarters that the court was eontidering the expediency of u drawing th> ? rate. 0/ discount lie. yi.nd the extftivi) minimum of ten per Cent. The court, however, separated without making any change, and there is reason to suppose that the subjects which en grossed their attention were the present aspect of com mercial affuirs. and the application for assistance from tho eminent house referred to. [From the Ixmdon Herald, (City Article,) Nov. 20.1 Although great a|H?rehensions were entertained in rela tion to the e fleets of the failures yesterday, 'hey have for tunately not l?een realized, ami to day has passed over in a comparatively tranquil maneer. Notwithstanding the de maud for money is maintained at a high point, with ac tree ly any indication of relaxation. Uiere was a better tone of feeling, and unfavorable reports were less abundant. The weekly court of the bank directors took place as usual . but, although they were in deliberation some was not expected that any change would bo made in the general terms of accommodation. This, coupled with the knowledge that no serious embarrassment was immedi ately imminent, created rather more confidence, ami to wards the close of the alternoon a disposition was mani fested Ui look w ith greater cheerfulness upon tho future progress of affairs. . It is satisfactory to be able to state that through arrange ments with the hank and other e,<tallishments , the exttntu* fiim which wai recently plat ed in je<>i>ardy will be > nahled Ui surmount it* temporary difficulty's. This announcement , which was made to day, assisted in a great degree to re vivo confidence and place the public at case with resect to the anticipated callapse of dependent houses. It u at terted that the. turcetsf ul termination of th\? neaaiiatunha* r < mond an cnomunu uxight of responsibility from lb mo ney market. .... I From the London Globe (evening paper) City Article, 1 Nov. 20. J There is now (at noon) a much quieter feeling in city circles, and tho absence of further commercial failures seenis to have created increased confidence. Most per sons are inclined to believe that the worst is over, and that, although an occasional disaster may occur, those, mercantile firms who find themselves embarrassed will be enabled, through the assistance of friends, to extricate themselves. 7h, fact that a lary ? staMshment connected with the United States has been assist, d by the bank? and which has prevented a " rinus failur, ?appear* In have pro dueed much satisfwiion ; and it tho inllux of gold into the bank should continue, the bill discounters and others will soon be prompt'-d to show more liberality toward their client*. Money is plentiful, but the suspicions created by the numerous sus pensions and the distrust* everywhere exhibited, induce capitalists to keep it unemployed rather thau to run any risk, while tnanv firms deem it prudent to hold extensive reserves in case of an emergency. The hanks are placed in this jsifeition . but it merely requires a revival of confi donee to restore affairs to an easier position When it is found that the stoppages are less numerous other hou-es will be relieved, because the uneasine-s uow experienced would dimmish. Second and third class houses could then get their bills discounted, whereas, for some ilmo past, even those of first rate credit have had many d, til cullies to encounter. Two o Cijocx. P. M Tho Inquiry for discount accommodation is unabated. In the market for English securities rather more Amines* is exhibited, and the tendency seems favorable, owing to the arrivals of specie. Business, however, Is still very dull, and the speculators refr?in from extensive engage ments. If the Persia, from America should bring a larno amount of sovereigns as auticqiated, It will no doubt pro duce increased buoyancy. Consols Uavo been 89'? a hit', for money and 90", a !H)'4 for account. [From the IJverpool Times. Nov. 21.1 The gloom which for tho past few weeks has spread over the commercial community has not beon removed; the cloud of distrust still hangs over us. and without any prospect of relief until the meeting of parliament. The demand for money is exceedingly active, both .it the Bank of Kngland and 'n I>iml>ard street and although no alvaace h.u- taken place in the rite of discount at tho bank, many rumors have been flying that such a ttep would be necessitated, and that the director! would be compelled to advance the rate to 11 per cent Those re 1-orts most probably gained strength by the heavy failures reported during the wi-ek? chief amongst w hich was tho Wolverhampton itank, one long established, and of old. high commercial reputation The accounts from Scotland and Ireland, however, are more satisfactory , and the de maud for cold has tor the time, as far as they are con cerned, evidently exhaust#* itself, ami prospects of a re turn of the buMion to the hank cellars at an early iieriod are fully entertained. The pressure U|>o& alinoatall r.laasea at the present critical iioriisl should cause general forbear ance The discount nouses are Uniting their a xsomtoo datlon, and in all cases require full rates for the best paper, considerably higher for otlu r descriptions. The timely arrival of gold per the Emeu has produced a favo rable feeling. and the exports of specie U> the Continent and the Fast have been almost entirely suspended. The advices from tho United States are more satisfactory, and we have had some amounts by the mail steamshqsi re turning to this country, chiefly "however, for tho purpose of covering bills The high rates for money her? have rendered the export of the precious metal an unprofitable proceeding. The Intended summoning of Parliament 11 the most satisfactory announcement that could have ac comi*r>ed the suspension of the Itank Charter act Whilo the causes of that event are fresh they must be thorough ly sifted and exposed. The account in tonight's Gazette . under Iti" item of not?"? issued , states that ?2.000 000 of the total amount aro issued under the authority of the government letter of November the 12th In the week ending Wednesday night last the coin and bullion was further reduced, and on the above day stood at ?0.4*4.006. ix mg a decrease 1U the wt-ek of ?*#?, 412 The return from the Rank of England for the week end mglhe 1Mb November, gives the folios ing results when compared with the previous week ? public deposit#. . ?fi, 4*3.1*1 Increase ?1<W,222 other de|s*its . . ,13.!?M?.1?ft Increase 1.0X1,061 Rest 8.438.M0 Increase 69.144 <?n the other side of the account:? Gov'rt securities .?6.407.134 Decrease ?3.0.17 .*'*4 other securities. oQ,2W,270 Increase 4.I*5.*I7 Notes nnemply'd 404.501 Increase Wl.jnfl The amount of notes in circulation is ?22.Ift0.C04. heing an it, create of ?1 .066 .7 30. and the surk of bullion in Imtb departments is ?6.4*4 .006, showing a decrease of ??>*6.4U when com|>ared with the return of the ?22.ftM.MW> notes issued. ?2.0irf? 000 .v" isanod under the authority of the letter from the Fir?tl<ird ol the Treasury and'the t'hancellor of the Exchequer. The bullion market ha* been quiet since our ta?t , but with a more settled tone than tie previous week. Barsil ver is now quoted 5s. lvjd., and is readily taken at the price; and 8011th American dollars are offering at the quo tatioris. Purchases for the East have ceased for the pre rent, nor is there gold shipping for the continent. The bank has been the principal purchaser of gold, of which there have been several arrival*. ? f. a. Foreign gold in bars (standard) per o* 3 17 0 Silver in bars (standard 0 f> 1, Gold coin , Portuguese pieces 3 1* 0 American eagles 3 17 0 Doubloons, patriot... 3 15 0 I*o. Spanish,... I IT 0 Napoleons. ? 15 6 Ten guilder 3 10 0 Silver coin, Mexican stid South American d'lls. 0 4 ll1. S|?msh pillar dollars 0 5 10 The reeling In the British Funds has been one of flitness, the pressure for -money being undiminished. The op?ra tions of the Scotch and Irish bankers have lain in tho same direction, and the stoppage of the Wolverhampton Itnnk ha# caused many banks in the midland and other dlstr cte to turn securities into money, by way of precau tion. The advices from Ireland and Scotland, however, report the state of afflilrs as much quieter In both coun tries the pressure upon the bank* for gold is rapidly sub siding, ami, but for the extreme caution of the t?ank?, com would probably flow back freely to I ondon. Today rori?o|- had made a marked improvement, closing seller* at 90',. Hie following table will show the fluctuations In o<*i?ols f n? e the 13th inst. , fhr V"ftey , , Foe , A'oe. . . Ilia' ft. flu ny Lo'tf. Hig'tt. Cln'nrj Sat 1?... M", *5'? WM, n0 Mon. 16 *PV Wt **'? *9 90 !<0 Tucs 17 *' *9', 90 90 Wed. 1*;. **'* *9lJ *9'g *9% 90 '4' 90 Ihur. 19. . . **S *9'? <m , Fri. 20 ..W4 90 00 90', ffi'i The Foreign Miare market has been dull, and nothing really doing. The I London railway Share market has boon unusually quiet , and the prices of all the leading stovks mi st it ijucted I"1 U'l.b U' B) n?f. N?W YOhIL AND UUK KA1I.ROAD- MKi.TI N(J OK BOND

HOI.ngH.S IN LONDON. I From tho Times, Nov. "JO. J A meeting r.f bondholders in Uim company wa? held at, lb*1 Umdou Tavern, ou Wednesday, Mr. * Young In th?? uhair. The Cjuiriia* suitd that the object of tho meeting wn to devise uiviiturcs/ir prrv?nl\ny Mr. Drew, an Amrriran mortgagee, who held t*niLi to the amount of $1,300,000, frum appropriating to hiwuelf by furecloturc the whole of thr railway, it huh had tout th' com/iany $3?,000,000. The proposition of the directors in America was that about ?600,000 should be raised, which they Mid would bo suf ficient to jeay ntt Mr I (row's mortgage, all tho outstanding ami IkxitiDg debts of (lie company , and allow ?'200,000 lor completing the undertaking. It wus proposed to ram* the mcuey by paving 50 per cunt ia rub and 60 per cent ia bond*, lie thought the matter should be placed in tho hands of a committee, and that each gentleman present ?should put duwn liia name for the amount be wart willing to sut>?cnbe. Mr. Pit Pawh moved a reHolution to the eft ct that tho meeting had perlect confidence mthe mtniiKw value of the undertaking, which they believed might be made by a judicious application of increased capital to aatv-sfy all iW creditors and yield a lair return to the shareholders. The I "director* bad been obliged, in consequence of the mono I tary difficulties in Atnerieu, to execute a mortgage cou ! taiuing a power of Kale, which would override every pos | ter tor interest It was necessary for them to consider whether they could Jo any good lor themaolvee by help uig the company. He was Informed that tho line wiu 4!?4 miles in length, and commnnded the chief to tho port an<l harbor ol New York, and that it parsed through gome of the finest district* m the Union for traffic. TTio co.- t of I he line wii- about $37 ,*00 ,000. The sum of $13, 000,000 wan ??eciirt I upon the II rst , second and thir<l mort gages; $ll,KoO,000 were contributed by unsecured bond holders, $2,000,000 were due ill lloatmg debt; and $11 0,00,000 hud been advanced by the ordinary shareholders. ! I'nless the English shareholders and bondholders would 1 agree to assist the new direction iu the way proposed, ! about $?A, 000, 000 of unsecured share capital would bo UcriflcAd. From the > 18M to the present time he found the traffic had progressively increased, and it wivs reasonable to suppose it would eontiuu to increase. The net earnings In lflfid, ufter dedu ? all preference and other charges, amounted to $l,246>m, which was equal to 11 per cent upon tho $ll,ouo hk) of ordinary ctpiul He thought it necessary to ap|*>int a committee, and that an agency should be established in this country where an theiitic information could be obtaited as to the proceed iligs of (he com) The directors should be strictly pmliibited in f ut . . > from creating a floating debt such as had been done, and which was really tho cause of all the difficulties under which tho company were at present laboring Ihe difficulties hud resulted entirely from the had miilidgnient of the lormor directors. He had no doubt the present directors would listen t> any pro|msals which would make subscription* conditional upon carrying out those suggestions with a view to save th" property. Several shari holders expressed thiir disapprobation if th. rystem (ulopted by th, directors of executing mortgage* uitlo uf consulting the shareholder?, \tnd thought they might ??( in future to acccj ?t hills on account of the floating debt, as it had involved the company in the present difficulty. Mr. I'aksoss said if they advanced the money it >houhl he on express conditions, which should guard the propric tors against the pmtslhlllty of any similar difficulty. If the committee were to settle the terms and conditions of the advance he would make i'. a condition that not a "lulling of the money should be handed over to the directors until all the requirements of the bondholders were complied with. He bad every respect for the I "resident, hut Iils ex perieni e in railways bad taught htm that it w,c- Mb to trust any railway board After some further observations the resolution was adopted Messrs. Pe Salis. Campbell, llegoltine, Gowan, Walk Ins, and three other gentlemen were appointed a committee to invite subscriptions and to negotiate with the directors. A vote of thanks to the Chairman concluded tho pro ceodings. PAtt-fRE OF SCOTT AND COMPANY, OF QI'EKVHTOWN. The Cork Constitution of the 17th of November, con tains the following account of the suspeti"ion of the emi nent house of Scott ti Co., of Queens town, with liabilities extending from ?100.000 to ?.00,000 ? Iu the early part of week It was currently stated in commercial circles that the extensive llrtn of Msasrs. Scott K Co., of Queenstown, hail incurred considerable i mbarra-smei,t with regard to the liquidation of their liabilities; but it was positively a-ssertt d by their friends that the difficulties would bs' only of a temporary cha racier, and that tf time were allowed all tho creditors would be paid in full. With this object in view efforts were made to induce the creditors m this country and in Kngland to sign a letter of license for three years. This was complied with by some, but others declined makitg any terms until n statement of the .itUirs of the firm was laid before them. Tho result has beeu that circulars were issued ou Salur day evening for a meeting to be held on Thursday next. The debts of the firm are set lown at various sums, ex tending from ?100,000 to ?li00.000 A very largo uumber of creditors belong to this city and uounty. It was sup posed that the tlrm was possessed m considerable pro|ierty in ships as well as buildings in Queen.- town; hut the latter, it is slated , are mortgaged . and the former is not so ex tensive as was behoved, as many of their ships were dis (icsed of within the past few years. Thr Arm of Meaars Scott and Co. had during their connection with Queen* town ext rte l themselves very a< lively for the advancement of the town, and were mainly instrumental in carryiugout most of lb* improvements which have latterly been ?.( lected therein Tlie hail Isome row of houses which meets Ihe eye ol the visiter i>n his entrance into the harlior which Includes the Queen's hotel the M ignetie Telegraph office and the Itank of Ireland, was bulll by this enter pns ing tlrm. who were also the chief agents in arranging for the lighting of the town with gas, and procuring a supp.y of water. TKK MONKY I HF.Hfll RK IN TIIK IRON D1ST1UCT1 OF t AM>. [Wolverhampton (Not. 1*) eorresjmndenco of London Times.) The i (forts on the |>ari of the Mayor and other inhabi tants to allay the rising |>opular feehng of distrust in tho currency of the notes of the Wolverliampton and Stafford shire Bunk, of which there are ?3<>,000 worth afloat, havo proved tn a measure successful. There h is been a feel ing of growu^c confidence all the day. and the applica tu ns to the other banks of the town have not hoen many more than customary, and they have been met with tho utmost readiness. Nevertheless, the inconvenience to tho trading community 1 a- been severely felt. The market has been much more numerously attended than it has hern lor some weeks past The surprise w.*s great on tho part of many living in Ihe rural districts when, on coming into town, they learnt for Ihe first time of the suspension of the bank. The ironmasters mustered in strong force, but there was no business transacted. Although It seene<d to bo impossible i lint other suspensions should not follow thoso ol K. Charles Perry . W. KllcyfcSon. the Wolverhampton Iron Company, folly, flrothers (Ij'ubrook). and Kose, Illggln* k Kose, yet the only additional firm tluil has is sued circulars calling together their creditors was that of Motteram. I*eeley K (>i. , Ironmasters At the same timo considerable apprehensions are expressed that the wages, in several Instances, would not be forthcoming on Situr day night. Towards the close of the proceeding" on 'Change in the afternoon, it became generally stated thai the bank would oj en to morrow (Thursdav).and more thutone firm in the iron trade determined to forego their original Intention of summoning a meeting ot their > redltor* lor at least a few days longer A telegraphic message had been rec?^rod from the deputation of the directors who left Wnverhani|Hon last night to procure addit'onal accommodation from the Hank of Kngland. reporting thai their Journey had been suc( easful. Ite|iosi|ors were at about Ihe same time wait ed ti|ion by persons largely interested in the maintenance of ihe banli. and their opinion taken whether, in the event ?if the bank re ofs-ning to morrow, with the help adverte 1 to and a new board of directors, they would com mm their money tn the hank The opinion of ihe dcpoaitor" cannot, however, be fully ascertained until to morrow forenoon, when, at 10 o'clock, a meeting of the creditors will be held at Ihe bank Cntil that meeting ha' taken place we do not think that It can he deflnitoly a--erted thai Ihe bank will re open to morrow The ?hareh<>IJers Will meet on Monday The liabilities of the bank are set d< wn at a million sterling The difficulties under which it hue just temporarily succumbed have Arisen <*;t o. the a< commodation which they have given to somew hat .pies tlonalde paper precipitated by the failure of Messrs San derw>i\ sandimsn h Co The busines* is stated to lis \ e been from ?10 000.000 to CM 000,000 n year, and the ?10 shares were selling a short lim" ago at Jtl* 10s THE BAN* OF KNOt. ANf> AND THE CL'RKKNCY QCES TION. (ftom the I/indoti Times, (Editorial.) Nov. 10 ] It is not very likely thai any amount of discussion or exposition will ever initiate the gcnersl body of Ihe Itr tisli public , nio the mvstenes by wbu b the currency of a Country is regulated, but there ought to l>?- little d fli. ul ly n bnrgmg the principles now si stake w.thin the com prober nn of any reader who may give Ins attention to llie subject, and little doubt, we think, coi.e eming tho course whic h impending inuulr c s ought to tak<* The < ? ir Ailatien of tins king'Iotn, whatever form .; may assume, ?s base d up< n s gold standard Hank n >!? s are assumed lobe convertible into gold at the will of the holders, and consequently. t<> represent gold, not by mere a?siiB?plict)s to that eftect, hut in actual really TT.e m>ies of a particular bank? Ute Rank of Kr gland- are nuvle a legal tender, and thereforo gold or Hank "1 Kngland notes constitute the medium of ~at ar tion bftwe.n debtor- and creditors It is ob\ mum list the anioi tit of ^ gold in a country cannot be increased by any ed 1 1, ?r cre ated by any legislation; butil n also pla nthat nosiiih'nnt is put to llie creation of Rank of Kngland lie t' S, wlnf h as th nt" now stand, are equUly valuable. W lien Ihe creditors of a cotntnercial establishment are ex c ted l(. make a run upon it, the establishment must pro vide it* ' It w th notes of ihe Rank of Kngland or w Ih gold in >rdcr in meet the cb man-l, and if it cannol do th ? to i ?n flic enl extent, it must stop |?yment In Scollaud Rank of Eiig'.itid notes do iicci constitute a legal tender, and gold alone will answer Ihe req unit jons of a crisis. New . Ihe great epiestiou involved in the present contro versy Is th - ? What linnU should be put to th" ssue of note- by the Rank of Kngland* As Icciig s? tlie' nob s coiislltute a legal tender. It Is clear that we po*se*< the )->w, r of maiiufacturir|[ money, or at lej | of in roa-mg tlie cnrrenci of ihe eoujilry to any exletil, and uii b-r what restrict on* , then, IT any, ought this power to be oxen- sed? In so far as tbe notes rc,>rasc>t,t gold actually held by Ihe issuers, the question ol limitation does not enter Into the inquby , for the In. reuse ??f cirt ulaiion thus effected is ev ntly only ho.bimaant to the Increase producible hy au Influx of gold it - If. A million of new soverc igti? makes sin yh an ad .itucn of so many to the ext.. I1|f and d those, ,n u ? I ol bring put mioelrenl ,tlon, ire lo<k< I up In the !>,;ih cellars, and notes is utd to the value thereof, It is e!e;?r il it the expansion : * |cist a" uierb the result of ge,i i a< if the goM itselr bad be-, n mace current. IligorotKlji sp itn li e theory of a .e Id c 1 u r r '' n ' ' \ ? did rcepilr thai every tioie : he u Id be ,i r' fr <se ntat . e ol itj \ s'nee n i" M dctuel'y fNitml by ui0 i*furr, b.t m th; I'r wual point, after all. is Hiniply that of t* convertibility , * lain latitude ul action becomes adm J- iblo. 80 long an it i* morally certain 'hat any man holding a I lank nt Km: land note can obtain it* full value in gold tor it unon rto mand , the|prtOOiPlo of convertibility in maintained , and tho transactions of the country are, In reality, regulated ami protected by a gold standard, whatever muy bo iho amount of |?|?rr currency introduced lor the sake of con venience. What, then, i* the amount of notes which the Hunk of England should Lh? peimitted to i?sue over and above the amount representing an equivalent in bullion actually |>oy ! weened? This amount ha* been fixed, and now stand* at ! ?'.4,(100,000. It hai boeu considered that tho bank might safely issue it* notes to thla amount without any danger to their convertibility or value. |ta cre<lit would never bo likely to be h?i far impaired , or it-s stock of gold no far di minished, tbut it could not within thesu limits, llnd cosh I ' lor n? note* when presented. Thin point of the case , in need, surest* no arituinent. It is not affirmed that the limit i? too liberal, or that the eiANa of note* thuH per muted over gold id too great. The cry against the Bmk Charter act ? or tho act embodying ttjese provi ions ? haw always aBHiimed an opposite character, and hft-i been levelled, not at the magnitude of the paper issues, but at tbeir alleged Insufficiency. It 1* the restriction t<> I ?14.000,l)U> whirh Ih complained of, and which in said to keep the country no short. and lo mako money, from tho scarify thus prevailing, ho dear, that at the firm moment of pre ware the system bri nks down, the Bank Charter act has to be suspended , and the artificial limit im|*m'd upon it* paper issues ha* to bo removed. Such, Indeed, was the result In 1N47, and the same event occurred la^t week. The week after w \t Parliament will meet to con aider the whole question, and tho circumstances by which it tin* thus been opened. The firwt question in purely ono of principle. Very possibly the limit of ?14,000,000, which must needs base been aomowbat arbitrarily lived, may admit of some expansion, but that is a minor consideration altogether. Whether the amount be settled at fourteen, fifteen or slxtec n millions signifies lit tle m> Ion i as the calculation on which it is baaed is rcu f-onable in itself and the principle of convertibility main tamed It la nothing leas that thin very principle which is impugned by the thorough going opponent* of the Rink Charter art. They kn >w that if a bank lies under the M ilitant obligation to find gold for it* notes, these notes must he limited in amount, though the limitation may be more or less Severe, and they contend therefore, lor in convertibility, or an indefinite increase in the note circu latum. irrespectlvo of any ? gold equivalent. Hut would such a system either olivine commercial panics or increase the real wealth of u country, or even facilitate trade? There is not the smallest gnund for assuming that it would insure any one of these result*, lor the tlrst We have an evunplo Itefuro our eyes so absolutely dccislv e <>| the whole qi?8 ti< n that not a word net d be added to it. 1/ unii'mM )<]/ rr mi to e ctiuhl prrvmt jxtntcx /Acre vnuld ! w no /wuri in Amrrica, for thirr y Slat? i* with /"ij? r mooy.nmf jft Ih in cfcr<ni< inundatu/n of not** dm* imt /mil i te tlfn* . an we W, from far wars? and more firtmmt itmtultifmt than our nun For the second, national wealth cannot be created by mere imitation* of the roall ty. Vulcan the paper circulation represent* something which, like gold, jioKsesaes essential and universal value, it will never be really equivalent W> money, Thia point also needs no argument. The French government of 1790 set it at rent forever. But would tho transactions of commerce be facilitated by a gri ater abundance of Motes In circulation? This question is answered in the la-t. I'nloss commerce is eonducted vutli a sound currency it cannot be safely con ducted at all. II more notes were in the market they would doubtless be more readily obtainable; a glut wimM make tin m cheaper, a* it does all other things, and tra ders might got I urnislied with accomniodatkin on easier terms; but litis would not be cheap money, it would merely be cheap paper, and u|?in the first rush to ex change sham money tor real money the crash would bo ten times worse than before. Either the notes, being no mmally convertible, but not really covered by gold, would be presented in such numbers that tho hank.un able to cash tin m, would be bankrupt; or, being legally inconvertible, would depreciate in value like the French axaignnt*. The risk of panics, and the evils of pauicti themselves, would simply ho increased together. Hut there is another question of very great importance ? What have been the circumstances attending theso panics, and especially that now subsiding? Wo heard, day, after day, of tho stepping of large bank it g establishments in Gotland, for example, but we have not heard enough of the system or practice* under which these catostrophes became producible, and which seem likely to be resumed with the same liabilities as before. No arrangement or system of any kind C4in sistcnt with active commerce or the profitable employ ment of money can be prool against tho effect* of a panic wh< n once created. If a bank, for example. is to give one class of its customers interest upon their deposits and provide another class with pecuniary accommo dation by means of theso deposits, thus obliging two |?rtie? at once, it can clearly never be able te return the whole of these deposit* at a given moment Tins is the strongest case of the neceisity o f credit, hut there are countless others of different kinds. Credit, in fact, must enter into Ihe dealings of a country like ours as well as money itself, and a commercial inmiic. simply moans tho depreciation of this credit for tho time Gold and notes run never be kept In sufficient quantities to satisfy every obligation outstanding in every part of the kingdom, for the go<d Is not to be had, and the multiplication of notes otherwise than on a gold basis would simply destroy their \ alue pro|K>rtionally anil prevent them from going so far. Five pound noto* might be increased to any imaginable number, but the only end would be that tt would take a hat! nil of them to buy a sovereign. The question ? t this point l* Whether any discoverable features in tho prevailing system of trade will account at all for the or currence of panics, which produce so much misery and alarm There is no prima farir case established agaiMt any ?} sU m of currency by the fai t of a panic, for panics occur under all. Advocates on the other side would deny, also, that any case was thus made out against tho system of trade, and this we might allow; but the source of mischief i* at leant a* likely to lie on this side a* the ot her, and we hope to see a corres|sindiug scrutiny applied THB CRISIS ON THE CONTINENT. [I'aris (Nov. 17) Corrrspondence of the london Cost ) There is no news of any failure having occurred m I'aris. Additional comldence prevails. Advices from hitmn, Ijvcrpool, tilosgow, and espc< lally from the I nlted States, are more assuring, and if no frenb disas ters are rnportel, we shall turn the corner to mor row as regards the money market, but at the same time r? mmerre will notrecovcr the > he< k it ha* received so easily, in fact, not until nn ney is much cheaper The cent mued embarrassments of several important bouses greatly enf tged in the American trade render their po sition still pn curious. Ihe (tank of Krame m, a- before, sternly refusing any cash whatever <M railway bonds or ?hares. I'ubli* bonds only have its ouifidence. Thr I'rrilit M' l'ih'r if iihn tlill ivry nun A aMnlsti //y thr ptrtml critis, and it will be long before It can he restored (?< It* previous favor However, the Bourse today is, on Ihe whole, undoubtedly the best *e have had tor nearly a fortnight, jl'aiis (Nov. It) Correspondence of london post ] It lia Ih i u remarked that within the last day or two one of the heads ot the MobtUer wa* aiixMmsly watching the funds nnd other securities, lie wa* n"t in soeb a high and commanding tone at the I'lare Vendome nf I ?tc lint, a* a prudent general, laoking verv anxsmsly at the breach t>reat animation was however. |>er< eive-t to <tav ani< ng bis attendant* and followers, and confidence re turned; in fact, some one has tome to the raw: no. The rising miitntH nt in the fnnds had a very good of fed on railway sh res, imf more es|iecially on tho bank ing hoiises. It is said that next coming liquidation ? namely, from the ]6tli to 31st f'ecernher. may bring down funds and wcnrifie- gofierall) however, the |>res<'nt cn?is h is pro bably seen its wor^t. and we maj ex|iect lietn r days, iikI, we hope, no more failures. Tho money market became verv buyant towards tho cloae. To day tbe purchases bnve b*en ?n n large acnle. M< bitter is at *6&. the Fusion at n|) to HJO tirleaiM, I J"7 50 to 1 2*0 and Au-trians, 3A. |I*aris (Nov 1g) corres|?nden' e of london News ] The improvement in the Bourse, of which there w?re ?ym|>teins >eetcrday and on Monday, has been very de rate I to day The rente iq?-ned wth great animation, under ihe influence of news that eon i lerable remittances bad lieen received yesterday from New York by several commercial firms nnr hmi?e?|iai>, it was said, that of Cottinet, had receh ed Boo.noo fr The mferem e drawn was that the effects of the necessary reaction from tho disturbed balance of trade between I'aris and New Yorif will now be rafiidly j>erce|Sibl?'. ll'aris (Nov It) rorre-p<>nden< e of I/mdon New* Tnere was some uncerti.uty at th? opening of tho Bourse, m consequence of the news that the Bank of Ijig land h%d exceeded its statutory limit of hunk notes to tho extent of flMJ.ooO sterling and that It would be necessary to apply to Parliament for a bill of indemnity hut th i day wore on the tone of the market decidedly >mproved, and it became very buoyant towards the closa The rente rose 'J0c for cash . and I6c. for a< < mint, closing at >Mf n.V . in ea> h case Mohiller rwe tt. Th" llrleans Railway rose 12f Mh- Northern *f 74c BbtMbern, 101 W'>stern, 7f. M>r ; and l.yens, Kastern and (irand Central, Jf or .'it < each Bank ol France fell l&f. It w a* *aid that since the proeecutnTi of some of the money changers. St' pieces ba<I ' become more plentiful The report* of difficulties |n meet ing the lull* due on November 15 are contradict d. It ap l>ears that there were not more hill* d sbonored on that ?lay than at the ?ametim<' last jcar. The I'aris lhi<at* of the iwth ultimo, alluding to the fall Ing ofl in the imports and (with few exceptions) in the export* during the month of <Mober. shown by the re turns Just published hy the obsefwa ? 8u< h result* were to be "xjweted, for alt hough the A me rlcan crisis lias been hitherto rather than com merrial, It was iMprsslble but that the disfarbance of ?ho tnglisb and Anicru an murk' ts should re*i ( prejiidt lally ii|s ti our own. whl' h. Imwrver, ha* not a* yet hern * 'ry *e\ erely tried Molarity s. now a days, the law of nik tions, w hetlier for gmsl or evil fortune ilow far do we seem from tbc time when it ?a.s considered that the mi* fortunes of one country conduced to the prosperity of an other' t'p-n the whole It was to be apprehended that things would be much worse than they -?re, and If, aa is to be hoped, the two following month* that i* to say. the current month sod the month of Ivccmber, should not show any more decided "la 'ken ng of the commercial m< \? moot than w e have yet ?oen. we shall be able to say that th"* country ha* valiantly resisted the blow struck at Its public fortune by the eccentricities of Amor can specu lalo'ii w 1 may a id that at this moment the s tuat on sei m* te be impro\ ing both at New York and l/mdou The quantity m silver exported during the month of iMo ber In*! wan "i2,l34,000fr , against 4l,*71,OOOfr . m ber, IMS. Fvrnia tea Bunilw of the present year the exportation of silver reathe* too millions and a h.ilf, wh cb am> ant i* nenly aet < !T bj the introduction of a ?wrrH*.nd 1 1| quantity or gold after deducting our own expot? of the !at?< r m tal fTrom tStlignmi Messenger (City Article) Nov. 90 1 Tin Bourse nurkat Wis In .try at the op-nng. a* tie' Lou lou d? j ib.Lcs were not favorable aa t aunvuc1 ed tho pose ihility oC afcptber iticreaae In the rate of discount J liut another 4aqpab li of a more favorable tenor arriving, there wan a gene ral rally in all nc.c.urttiea o? this market. Threes, after having hern done at MUfr. 90c , rained to 1 !ic ; Mubilier ruMd from 74fi to 766fr ; Orlaaa*. 1,5(70 to 1 ,'MXr , Northern, HTJ &<> u> 876fr , Lyons, 810 to S'22fr. 50c ; Cencva, 600 U> SOftfr awl Austrian. 660 to tt66lr , HaJT KitJTTBHCTO'fUK* Tl.i- market lontinued buoyant to Hie clone, when th? following were the lant quotation* - 4>, per centa tOMl ftedit Poncier .... ? ? Ik> end month Ilelgiau 4% 96% 3 per cent fl7 5 Piedmont*** (6). . . . M 95 I lo. end month <17 6 Roman MM linnk share* 'JB40 ? Austrian 88 ? Credit Mobiler 76'2 60 Spanish three* ? ? I Sj account 760 ? Home debt Account* from l.yon* speak very disonuragingly of af fnirt* there, in MKMqueDCe of the oollapaa of credit on America. The laxt mail ik said to have brought returned hllU to the extent of a million The Clamor I'ullieo, of Madrid, state* that it i? not like, ly that the financial crist* under which several < ountrloH of Kurope are laboring will arte it Spain, and that the lit nation of the bank of that country mi highly satisfactory. A Vienna letter of the 1 tli ult. ?i?y*.? The intelligence of late received here of the financial situation of the graa'. manufacturing centre* in exceedingly afflicting. The num ber of failure* announced up to the present time ha* been enormous. No greater panic ha* been known at Vienna within the memory of man The new* tbl* day from Bo hemia i* deplorable. The National Hank m unwilling to raine the rate nf discount, through an apprehension ol ari dmg to the alarm already existing. The exchange m . favor of gold againnt bank note*, though guaranteed by the State. i? to day from 11 to 12 per cent, and in favor of sliver irona h to per cent. The Bour* On*** of Berlin say* The Baak of hw* sia, in accordance with a decision of it* governor*, I in gt\ en notice to a certain number of it* ib<|*>sitorB to with draw their money or to leave it at a reduced rate of in tercut It has not, however, discontinued to discount commercial bill*, hit it refutes any loan which it con ceives to ho of a nature to lead to an exportation of U>? precions metal* to foreign < ountries. Kt'SSI A AND CHINA. A St. Pttcrsburg letter of Not. I, in Pari*, say*.? Ac* cording to the latent Intelligence, the relation* between Russia and China have taken a hostile turn. At nil roe nit t thr rourt if /''kin hit* njftunf In r?W? th- Rumum itnituu ?mh r. It is evident that the generally hostile attitude of the Chinese government toward* foreigners haa becomo ?till more fo since the suspension of military operation* against It In consequi nee or the rebellion in India. Tim Interior troubles or the country see mod to be appeased, and the t hiiiese government now Hatter* itself that it >-t able to make h?'itd agatn-t Kurope S nee China shuts dei* ears to all pacific negotiation, w ihallat last bo ( (impelled to adopt the m<wt energetic measures. Thero is one im portant circumstance which we must al way* keep in mind, via., that Russia and China are ctose neighbors afciug .w gr< nf extent of common frontier and thai our u> w rtfa-* l/liihm- nit on thr Anumr rin r miut I ?. fimUihd. Our Boras del Tonro Correspondence. V*mn> t?r*r?i Steamm Kcltow. i BaW'AS OKI TORMO, fHIKiyt'l, Nov. 16, 1W<1 I Cm. WaXUr't Eaj&lition? Th< ChirifUi Route? Ik* Har. t?,r ./ Hint* del 1'trr o, <f<" A* you know we were Kent oft from the United M<it< x to intercept Walker, and we have been at anchor here for .* few day*, it being understood he wonld rendezvous a* this place. A* yet we have Keen nothing of him, nor do I think we shall. Tbi? harbor u r.??lly a magnifi. ? nt one, and a more beautiful ' hav" ?eldo,n ',6e,, w,)y ,M !tl n?it bunt ling wltli life, a* it would certainly be if any oth"r race owned it? How does it happen that our governm. nt hsx so long ignored this *|>ot, which, from it* great odvar - tages. must necessarily become the render.vmis of our national vessel* in tbene waters*' The folly of keeping vet-ne!* stationed at two *uch miserable jioints t^ Aspir - wsll and tireytown for month* ?t a time, must becooi? apparent, when such a harl*.r a* thi* cxlstt met way l>< ? tween them. The mo*t strange thing I learn here i* that Uiis Is the flret American man of war that ha* ever vw ?? I these water*, whilst England and France have hid vewrai here at various time*. Uie former have in ^ r?ij:t a mt ^ accurate chart of the harbor* published by the Hydra graphic Bureau, and made for survey* by their w n nl war This chart shown uu here has all the sounding* ' atlmit' gfve ^ui a full account of all I wi*h. Tto , own is a small one, and m^tly inhabited by This is in Sew tlranada, and just outside the 'imiW of" f< ti tral America, therefore not included in the ' Bulwer treaty 1 wonder if they ever thought ol that .it Washington* We met here Mr Morel, the agent of a . ?r York Company . engaged in opening a transit to Uie lac.. *. II.- has a number of men at work, and e*pe' ts to hav t ready for travel by mules and borne* .n about a nem ? The journey to the INm-IBt wi'l then be m?l" in Tliis company haa alio valuable coal mme* whs M Morel ba? on-red to take ns Ui as they aro very ik cw^ ' ? from our snchorace, being in the inner harbor, or fhiriiui lagoon This transit, I pred^.1, will become oC great importance, from the facilities offered by the har^ bur and e.,*l Mr. Morel comp'itrs the line of tr inj't frerr* the .til.mtk: to the I'aciBc at less thui sixty mile*, thro .??'* a healthy country. . , , jt wc remain here, and I can get leave, I shall ru.? arr<*-s lo the l acidc Hut I learn we are to pro.: I up to (.'revlown soon, as the -aral'?i? ordered home Fla.1 Halkertnadea landing here iM-fore we cjinie >ut. or should he do so ater we l.-ave, he >an . asily get to tho I'actfli- by this ocw transit, and thus attai'k tosta Ki<^a :n llie rear There i? a rumor here that he will land ab M.?in or r'alt Creek , ?n the coast of Crista Riea. Mr M<?rel , who knows the country well, tells us that if he .ho.ild do not a man wdl live to -e. sau b^e, as the toad aero--* the mountains is a frightful one through a perfectly wild L T cannot write more now. but Will do soa^mn I do t. t think we -ball get hold m Walker I h<>i>e our commander will write such a description of this pLi^e v> the Vavy iw iartmetit that th?y wdl make it a naval ren learous : for depend ui^.n it. we sliall have to keep a f.?sl fleet m t?i.*e water? for a long time to coine We are pretty well fed With fresh fish ef all varieties and an ebtadeaee ot green turtle He-ide* fowl an t game of var.ou* kiiels The anchorage .s very heal by . and one does not run tb^ rn-kof fexers which on all the reft of the ovast *re prevalent _ Jersey lily *ewe. Ass^ <.r a Hi rnsrttt Bt im.laj?-|3,?W0 W. imt os? W itMir.s *?<(> li.wsiKY is ins riswweuo*.? I'hMf of Voliosi Haines, of Jersey City, ye*terday morntng arrested a mm at the I'hilatlelphia Hotel, on suspiesiuof having diebooest ly obtained a lar<e sfs-k of watches and jewelry, which waa found in h s po?-<..v,?.n. ^arly o0 Thurs<lay evea.nK the man eame to the hotel, with two carpet bags in hi* hands, to stop for the night, registering his name at "Charles V. Warren >*t. Ixjuis " <>ne of the carpet ba(<t he permitted the landlord to put behind U.e bar. but U.o other he appeared very careful ot, and. after getting h it apper tis k N to his room with h'in Adde?t to the ?x tr> me rare which he exhibited for this carpet b?g, thero wa> something in his deportment which excited the su' p,, x n? ol the landlord and a number of g-ntl-men pre^n- , and When the) tin led to their m nda the robbery ot Mr. Wertu-r s e*. hange oflVc In tiieenw ' h streev, they camo u. the con. Ins i?n that be mn?l be the rohb-r and that th>? stobn -pecie was in the well guarded carpet bag ?o -trot g Were their - -p,. >.t.s that one of the gentkim i* , y i Samuel IV'iiuett) went to the reetdeiico of Mr. Wernvr m New York, and . otmaatcated the fact* Mf^ R. nnett and Mr Werner then reiuroel to Jeraey City, an t alter stcuring the s. rv.. es of nfll. er tyer?. w< nt to U.o h. tel and to the room m > 'Hired by the strai ?-r He i?M st Or?t a little d?seon? er?M by their - :-pea/an-e but when Ihev bail communi. ated to Ion. .oe nature of tH^ir say* CI. t, that be had the stolen ?pe. ie? he readily ?**? nl??t to a search of hi* baggage lt. iwe.-a the m?trc~ u>,t feather beds bundle. werefV.'ind contaialag g. id wat> bes. about the -am- number ./ sily.-r wau b?,? ti m?' fit t v "f lob cUtM. ? quantity m ?w'" , ?. lrv liut no moaey waa found, and the parte* left hm to 'resume his slumber Yesterday morning, how - ,\er it having he.-nme kt own thai a heavy robb-ry ha t been c mm vte.1 u?s? a tewelry establishment its Cin. innati. he ?a. arre-te.l tt|su. .nspe tot. of bemg cju,^ re r ned in that transa. tain Be was pla. ed la jail Midthrt facte "f the . **e were te|.graphed to On.snoat. but op V? a late hour no answer had bs.-n received. *atwi kM U,ld a variety of stories and fa, Is to give any satisfactory a< ? ount of bow he <ame into possession of the property Th#1 i?r-?|H-rtv ifl HitirvMiMNl lo Nl w??rtb ?bout M.0U0, th^r^ lH ng a tiumb' r of v. rv valuable waWbea It la sun*" 1 1 that lie has confeder .ise m tb.s vs mtty. a* a man cals t at ^c hotel yestcr iv and n.pnred if such a in in h .1 h. *n there and haetiiy left alter i?arn n? of the arm Highly Important t onrvspsndsaes Between Mayor Wood and John Van Bartn-Thrlt F.i art Position. TOTRKKPITOn OF THR Rlltal P. Nww Y'MUi , !>*<? I l*-*f Will yon do me the favor to publish 'he ?n -?l r res|a>n.tence? I have purposely delayed ts pu"' ' ll" '* till after election. J- H' K^'S TH* WAToa a VOT*. MAToa's ttrvow. Vrw Yoas s " 1 '"? f Mv PttnH !*ta? I hope, as an especial ravof ' ? you will < onsent lo address th. raftfj.-' " Monday evening, at Tammany Hall * '' 7 w?^p oblige yours, very truly tl?ir> Jolts Ri ssv V SI RR* s HttFLT. \t w Yoaa , Nov S3, l*A7 . v.ii b? jbie to atteml tlie meeumc Mv D?a*. ttt- Is a ^ ,|,.gire. To ?e ent rely at Tamiwf Ha l u tiwrP vo night w Ujuih. rrank with ymi 1 (hltt ,,,llU M referring |" r"'r r t ll ?n,ch I utterly condemn ?.? a? 17^- ? truly. Mr.W.sif. PrtTtt or A tfgluCAW The State Ds ' ! , Waelnngtiui has inlormation tr im laheina?'f ? Kolatid, seaman , of ship Gratitude, ^:,t hn ivnas, ot ship *arah"W. on tha 16U, *" Vsnd 1- th J tugust last , al'O from Takahuano of th-> J, MannalLnper seaman. belong, ag t<) abip John ui'l :'tf7 Jl'^it. ??d0C R?ey " U. sh'|> ?.a lot. Of Wtfstp rt .ntbeHUl .t juij god 11th of ieptemWr kwt.