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Commit & Sentinel.
EUROPEAN INTEI.LI GEN tE .
DETAILS BT THE VANDERBILT AND THE AFRICA
The steamer* Vanderbilt and Africa, arrived a-
New York, with Liver, 00l inteidgence to the 14th
The so owing detai a of the news we compile from
oar New York exchanges:
<rfat Britain.—Monet art Affairs.—ln ad
ditoitotheflilare. before enumerated, we find
■SSS^4W ?!p^ lB *•*’* A“*ri
f#J ‘jtontoitb & Cos., merchants. Glasgow.
M . Bjwtnsa, Gnnnell do Cos , Dougias A:
Ufartoott and A. E. Bvrne, all of Liverpool.
T e Citv <-f Glasgow Bank, the failnre of which
was ‘ announced by the Atlantic, Las ninety-eix
branches and its amount of deposit**, though leee
IhMtfcose of the Western Bank, was very great
The excitement in Glasgow waa at one time so
great that military precautions were taken against
is the letter from Lord Palmer
ston. .-aspending the op* ration of the Bank Charter
Act:
Downing street, Nov. 12.
Gentlemen— Her Majesty’s Government have
observed with great concern the serious c-jnsequen
oos which have enaned from the recent failure ot
<-"rtVn joint-stock banka in Eugland and Scotland,
as well tn of certain large mercantile Drma, chiefly
coon'cted with the American trade.
The discredit r.nd distrust which Lave resulted
from these events, and the withdrawal of a large
amount of the pap :-r circulation authorized by the
existing llai k Acts, appear to her Majesty s Gov
ernment to render it Decewary for them to inform
the Back of England that if they should be unable
in the r esent emergency to meet the demands for
discounts ana” advances upon approved securities
without exceeding the limits of then circulation
prescribed by the act of 1844, the Government will
be prepared to propose to Parliament, upon its
meeting, a bill ot indemnity for any excess so is
sued.
In order to prevent this temporary relaxation of
the law being extended beyond the actual necessi
ties of the occasion, her Majesty’s Government are
of opinion that ’he Bank terms of discount should
nol be redued below their present rate.
Her Majesty's Government reserve for future
consideration the appropriation of any profit which
may arise upon its issues in excess of the statutory
amount.
Her Majesty’s Government are fully impressed
with the importance of maintaining the letter of the
law, even in a time of considerable mercantile
difficulty, hut they believe that, for the removal of
apprehensions which have checked the course of
monetary transactions, such a measure as is now
contemplated ha- become necessary, and they rely
upon t ie discretion and produce of the directors for
confining its operations within the strict limits of
the exigences of the case. We have, Ate.,
[Signed) Palmerston.
G. C. Lewis.
The Governor and Deputy Governor of the Bank
ts England.
The London Commercial Daily List of the even
ing the 13th says :
To-day, in all departments, more confidence was
felt, slid the rc if aflordt-d will prevent those sacri
fice which otherwise must certainly have taken
place. Business which was at a, stand, has resum
ed somewhat of iu usual aclivity, though many
holders of produce have withdrawn their goods
from the market, for the present.”
France —The following is a oopyof the letter
addressed hy the Emp ror to M. Mague, Minister
of Finance, on the monetary crisis :
’’Monsieur le M n stre :—I see with pain that
without either real or apparent cause the public credit
is injured by el urieriea! fears, aud by the propaga
tion of s-> ( i H it remedies lor an evil which only
exists ir. tin imagination. In preceding years ap
prehensiot s had some foundation —a succession of
bad harvest s compelling us to export many hundred
millions of sp t ie to pay for Ihe corn which we requir
ed, and yet we were able to avert a crisis and defy the
sail predictions of alarmists, by simple measures oi
prudeii l e adopted momentarily by the bank.
“To-day why is it not understood that the same
resuhs are rendered yet easier by laws which per
mit the rise of discount, end which sultieea fortiori
to preserve the Bank specie,’seeing that we are in
very much bettei condition than last year, the
harvest having been abundant, and the metallic
restrv -more onni J.-rahle 7 I beg you to deny
psremnlorily all absurd projects attributed to the
Government—tin: prorogation of which so easily
creates alarm—and not without pride we oan affirm
of France, that lln-re is no country in Europe where
the public credit rests upon more eitenaive and
solid bases. Your remarkable report confirms it.
Give heart to those who vainly frighten themselves;
assure them that 1 am firmly resolved not to employ
empirical means only resorted to in case-, happily
so rare, in which catastrophe* beyond human fore
saw break upon a country. Napoleon.”
The decrees preventing the export of grain, flour,
die , and distil,(atom from corn had been revoked.
The French Legislative body had been convok
ed for the 28th of November.
The d’ cree authorising the export of wheat caus
ed a ilse of 4 franc. at the Paris corn market.
The‘—.ifcri no of Palis is not likely to meet
before T imlary.
Ti e ‘-la k returns f r the month ending Nov. 12,
Biow tailing its in i a-b iu hand in Paris of 3.1 mil-
I'm frai cs, and an increa ein the branch banks of
;i Ot>n nid The bank notes in circulation decreased
ab ut 21,000,000.
AUSTRIA. — At Vienna there was great heaviness
in Ihe money market and the premium on gold had
itier.-in I. A letter states that the Minister of
Finance had again proposed to issue Treasury bills
ofthevalut ot 100,000,000 florins, and to withdraw
hank notes to the same amount from circulation.
On the 2d int , Marshal Radetzky celebrated his
Hist, birthday.
Russia.—lt is stated that the ukase abolishing
serfdom in KUB“ia will he published on the 17th
of December, the birthday of the late Emperor
Nicholas.
Turkey.— lt is announced hy telegraph that the
Government of the Sultan has drawn up another
note against the union of ti e Principalities.
Persia.-- Dispatches from Teheran to the 18th *f
October s’ate Hint the civil war continued The
Ambassador of Kitssin was urg'-ng the Govern
mei t to consent to an armed intervention, but the
Shah refused.
India —The Ind’un mail with the details of the
newsalrt ady telegraphed, was expected in London
on the I lih instant. Ful er telegraphic despatches
Imd been received, which we subjoin. The lo low
ing bad been received at the East ludia House :
Delhi.—The intelligenoeofthe occupation ot the
whole city of Delhi, on the 211th September has been
confirmed.
The King and the Begum were captured on the
Ist by Lieut. Hodaon. Two of the King)e sons
were killed.
No despatches have yet been publ.shed, so that
the exact amount of the British less is not known ;
but there is no doubt that it is much larger than was
at first supposed.
It is believed to have amounted to 1,100 killed
and Mounded, including (it officers.
The mutineers have tied, some lo liobilcund,
some to Multra, and some it is believed, toward
Oude Pursuing columns l ave been organized, and
one, under tlie command of Col. Greathed, oi Her
Majesty's Sth foot, fell in with the Jhansi mutineers
ai Hooluntlshuhur on the 29th of September, and
defeated them with a lont of 400 men. Mi Greath
ed, the Commissioner of Delhi, died on the 19th of
September, • f cholera. Brigadier-General Nichol
son died on (he 23d of September of wounds receiv
ed in the assault.
\ .o, knoM’ M-as relieved on ‘lie2 th of September
by Gn. Havelock’s force, l’aitii u ars are not yet
known, bu the llriti-h loss was severe, amounting
to at least 450.
The gallant Gen Neill was among tho killed ,
also (he following officers Major Cooper, artillery;
Lieutenant \\ ebstcv,7B'h ; Lieut Pakenham,B4th ;
Li, ut Bateman, tilth; L eut. Warren, 12th lingu
lar Cavalry
The relief was just iu time, as the enemy hni
advanced acme mines under the British position,
which Mould have placed the brave garrison at
their mercy.
Bengal— There is no news of any importance
front the Bengal Provinces. Order appeal's to be
restored. ,
Punjab. —The predatory tribes on the Gcgaira
have plundered the police poet on the Lahore and
Mooltnn road, and caused n temporary interruption
ofpoetal communication Detachments of horse and
foot police attacked the plunderers, and killed a
great number, including their chief.
The communication is now restored, and the
Put jab has with this exception, remained quiet.
A'zimuhur— A body of Ghoorkas 1400 strong,
under theoommanii ot ’('apt. Bidden, attacked the
insurgents at Mumlroe, in the vicinity of Azinghur,
on the 19th of September.
The enemy w. re defeated and driven out of Muu
dree with a loss of 220 men
Jubbulfore —The advanced guard of the Madras
column engaged the mutineers of the 52d Bengal
native ini v. near Jubbulpore, on the 25‘b of
September, ami killed 1;H of them. After the v de
feat tli mutineers barbarously murdered Lieut.
McGregor, who was a prisoner in their hands.
RaJPootasa. —Nothing new has occurred in
Rtfipootana
The Joudhpore mutineers are still in force at
Ajalt It is stated that they have extracted a large
euin from the towu of r’alee as a ransom.
A rein! :cement is proceeding to join General
Lawrence.
Mhoav and Indore. —The Malwa country is iu a
very disturbed state.
The cantonment of Sbopahwur has beeu burnt.
Dl ar Amjeera. and Mundlaist-r are disaffeted.
The Mhow field force is moving in the direction
of Sattgor, and orders arc immediately to be issued
to the c ‘ Utmt at Aurungabad to proceed to Mhow
for the purp. eof protecting the Bombay frontier,
which otherwise would be open to attack frem the
Gwalior rebels.
Scindi —All I ”s remained quiet in Seinde since
the despatch of the last mail. The state of the fron
tier is not satisfactory, although, perhaps, less
gloomy than it was a short time ago. General Ja
cob. whohasjust returned from Bushire, proceeds
immediately to Sciude and the frontier.
Boa* at “Presidency. —There has beeu an out
break of the liheels in Khandeiah, and also in Nas
sick, but stringent measures are in progress for the
suppression of such movements. On tire 4th Octo
ber Lieut Henry, the superintendent of police, at
tacked the Nassick Bheels at Souwur, and drove
them from their position, but he was himself killed
iu leading his iceu to the assault.
In Gun-rat. (.'buildup, a village in the Mahee
Kaunta, has been .-v, haded and the authorities de
fled, but the disaffection has not spread to other
villages, aud a detachment is advancing to reduce
the \ tils,;, is. With this slight exception all Guxe
rat has reman ed perfectly quiet.
The Deccan and Southern Mahratta country are
quite quiet.
In Bombay itself a few Sepoy* of the 10th regi
ment and Marine battalion have been detected in
plotting against the Government; two have been
tried, convii t?d, and blown from gttus , three more
are in cu-tody and under trial.
N’lan s Country.—Ail is quiet in the Nizam’s
country.
Madras.— All is quiet iu the Madras Presidency.
The following had also beeu received at the East
India House
Cal utta. Oct. S. 1857 —Gen. Outram tele
graphs. ou the ca inet., that the insurgents are too
ftron* to admit o M i'iidrawal from Lucknow Sick
and wounded women aud childern, number mere
than i,oto.
After making dispositions for the safety of ram
son, Gee Outram proposed to retire on Cawnporo.
He adds ilat two additional brigade* with powerful
field •rtidery will be required to withdraw with
the £firri*on or reduce the city. Communication
between Cawnpor© and Lucknow still interrupted.
LattG news from Gwooer to the 26th of Septem
be:
Division and dissension among the mutineers,
wh re S'kd for aid by a Shahradah from Delhi
on the oue band, and en emissary from the Nona on
the other.
The mutineers of the Kvrgurh battalion were de
feated at a place called (/buttrah. oo the 2d inst,
by a detachm nt of the odd Queen's uuder Maj. tug
lisb. wi*h ioasofguiiS. 45 carts of ammunition, *Vc,
Some 45 of our men killed and wounded.
H. JOHSSOK.
Alexandria, Kov. 7,1857.
General Wilson tad resigned n:s command,
from ill health, and was succeeded by General Pen
ny.
T'ce Dinaoore mutineers had, it was feared, got
as far up the country as Banda and Neoa Sahib
was believed to be in that neighborhood, exciting
the Gwalior mutineers to join them.
Tne King of Delhi was held prisoner in his own
palace.
On the night of tie 21st of Sept., it is reported,
the health ot Queen Victoria vras drunk in the mar
ble ball of the palace of Delhi.
Cawsfokk AM> Li km.‘\v —lt has been already
mentioned that the relit sos Lucknow was most
timely, mines being about to be sprung upon the
repulsed an attack ‘ p u them only by throwing
lighted sh lie m t h their Lands among the assailants.
On the 24th of September Gen. Outrain sent the
foUowir g u spatch to the Governor General .
The rebels along the road are flying before .ur
force, wb-ch marched 20 uiiie?. and yesterday 14
miles ; their retreat w too precipe ate to enable
them to destroy the Bum** Brdge. Only four
more guns taken, but many bare been cast into
wells, and only four passed the liuncee Bridge
Firing at Lucknow distinctly beard, and roya! &a
lute by onr twentv-four pounders to announce ottr |
approach so our ft tends. Our army will have reach- ;
ed Lucknow either last night or this rooming.
The force under Gen. Havelock, skirting tho city, j
forced their way to the residency against stroDg :
opposition ; and relieved the brave garrison on the j
evening of the 24'Ji. The relief was providentially |
just in time, as subsequent examination showed
tha’ two mines, all ready for leading, had run far
under our chief works, which, if sprung, must have
placed the gertiaon at the mercy of the rebels. On
the 26th the batteries of the besiegers were assault
ed and taken, and the ex King's sons fled towards
Fyzabad.
The lose has been heavy. The brave and deter
mined Gen. Neill is, alas, kilted. The enemy are
deserting th- city by thousands.
China. —The dates are, Hong Korg 26th Sep
(ember, and Bbanhai lGth September
There had been a violent typhoon in the China
rear, attended with great lose ’to shipping, also ee
rioas damige on shore.
The London Standard has a rumor that Lord
Elgin was on his way to England, disguised with
the Chinese mission.
Australia. —The ship Avon, from Melbourne
August 6 had arrived in England with 65,0<Xt ounces
of gold.
The steamship Emeu, at Suez, with Melbourne
dates to the 17th September, had gold on freight to
the value of £640,000 sterling for England. The
Emeu had to be run as here on the East coast of Nu
bia to keep her from sinking, after having struck on
a coral reef m the Red Sea. She subsequently
reached Suez in a leaky condition. She brought no
Austriaiian mail.
A collision took place off Cape Otway between
the steamers Ladybird and Champion, when the
lit’ter foundered with the loes of from thirty to forty
lives.
The news from the gold fields is very encourag
ing.
A prolific mine had been discovered about 120
miles from Melbourne, aud it is also said that some
rich gold fields had been discovered at Nelson, New
Zealand.
There bad been great floods in New South Wales,
entailing considerable destruction of property.
The wool market was very firm and contracts
were taken at a light rate. Money was tight.
West Coast or Africa.— Advices from Cape
Coast ar: to October 11, Liberia 10th and Sierra
Leone 21st.
The sickly season had passed and the coast was
tolerably healthy.
Two slave prizes were at anchor at Sierra Leone.
The trade was carried on with much activity, chief
ly under the American flag. Iu consequence of the
statement of a negro who swam from an American
ship, the vessel had been seized by a British cruis
er but was restored after a satisfactory explana
tion.
Miscellaneous.— The steamship North Star
arrived at Cowes on the 13th inet.
Private letters from St. Petersburg Btate that the
financial crisis had been severely felt there, and
tha’ silver coin was excessively scarce. The price of
everything but meat was extortiouato.
The value of exports from Spain ia the month of
September was 98,723,423 reals, which was upwards
ot 8,1)00,000 reals more than in the corresponding
month of 1856. Iu the total, 29,000,000 reals are set
down for wine, 16,000,000 for raisins, and 11,000,-
000 for lead.
Account* from Cronatadt state that English
diverß had been sent down by the Russian govern
ment to tx mine th* line of battle ship the Les o't,
which recently sunk in the Baltic. An immense
ina a of human bodies were found below. The effect
produced on one of the divers by the sad sight was
such that no report could be obta ned from him
and he refused to descend a second time.
Her Britannic Majesty’s ship Scourge left Lisbon
for England on the 9th iust. She comes from the
coast of Africa to report to the British government
that several vessels are on tout coast, fitted out as
slavers, with Spanish crews, who sail under the
United States flag. The question that is about to
be raised is, whether under the present treaty be
tween Great Britain and the United States, En
giiah cruisers have a r it to search and seize such
vessels. , .
The Czar's visit to Poland has been officially an
nounced to have produced an order that Polish is to
be Ihe language of tuition employed in all the old
provinces of Poland.
M. Abatucci, the French Minister of Justice died
on the 11th in the 65tb year of his, age from an ab
scefa in the intestines.
The French Legislative body is convoked for the
28th inat.
Tne Infanta Amalia, wife of Don Sebastian and
of tin* Duchess of Tuscany, had died at Naples
of bronchitis.
Advices trom St. Peteisburg report the loss of the
Russian steamer Kouba, of 100 horse power, in the
Caspian Sea. She was driven on a reef iu e violent
storm, and, out of a crew of 75, the commander, two
lieutenants, a sub-lieutemnt and 18 men perished
The rumored attempt on the life of the Shah oi
Persia has been contradicted on official authority.
From the /jondon Timet {City Article) Nov. 12.
The Financial Panic io Europe.—State of Finan
cial Attain* ia England*
This has been the most anxious day in the city
since the height of the panic in 1817.
The first disaster announced was the stoppage of
another Scotch establishment, the City of Glasgow
Bank, with a capital of £ 1,000,000, a reserve fund
of £99,595, and ninety six branches.
Tliis was followed by the suspension of the Lon
don discount houses of Messrs. Sanderson, San
deman &. Cos., with liabilities for three and a
half millions, believed, however, to be amply e
cured by commercial bills and the property oi the
firm.
The telegraphic accounts from Glasgow during
the morning described a continuance of the run
which commenced yesterday on the various banks,
and nearly 800,000 sovereigns in addition to the
300,000 despatched last evening, have been sent
from the llauk of England to meet the demand. It
was stated that a military force had been found ne
cessary at Glasgow to preserve older.
The drain of gold to Scotland, at the rate of more
than a million in two days, constitutes, of course, a
most serious addition to the pressure m London. It
must have its limits, however, and these can be
clearly traced. The authorised note issues of Scot
land amount to £3,087,239. Beyond that total not
a note can be pul out, except against gold. At the
last return, the circulation was £4,051/239, being
£961,000 iu excess of the fixed sum, but specie was
held to the amount of £1,573,546. The uncovered
paper currency was therefore £‘2,477,099, and the
gold3eut hence to-day aud yesterday,
ly nearly equal to 50 per cent of the whole. Con
siderable quantities, it must be remembered, had
been pent previously, and further parcels, it is said,
will be forwarded to-morrow, although it seems
scarcely possible that more will be required.
If the run consisted simply of the noteholders it
would be altogether improbable that the existing
supply would prove inadequate, but depositors are
contributing to the panic, and a large number of
these also claim specie. Nevertheless, whatever
may be the demand on the Scotch banks, it is plain
that l heir powers of drawing upon us must be sim
ply to the extent of the credits they have open, the
Bank of England notes they may be able to collect,
or the fuudß they can realize by sales on the stock
exchange. Os the entire deposits which they hold,
and which are estimated at more than thirty mil
liors, only a veiy moderate proportion is available
in this way. As far as London is concerned, there
fore, the movement now takiug place has no vague
terrors.
For the moment it creates a moat annoying ag
gravation of our troubles, but as it cannot go be
yond a certain point, and even at tho worst is not a
withdrawal of gold from the country, the Bauk of
England can meet tin a bolder manner and with
more indifference as to temporary effect it may have
upon their reserve than would otherwise be the case.
Uufortuuately the differences between Scotch and
English law which have eo long been permitted to
embarrass the intercourse between the two coun
tries are most prominent on all financial poiuts.
Hank of England notes ore not a legal tender in
Scotland, and thus it ia impossible even to lessen
partially the inconveniences of the case by sending
the required remittances in that form.
The fact of about two-thirds of the Scotch circu
lation being in notes under £5, coupled with the
known habits of the people, especially of the opera
tive dosses at Glasgow, in using the banks as
places of deposit for their savings, will account for
any popul r disturbances that may now have been
threatened. Such raovem nte, however, are more
evanescent and more easily met than those of larger
capitalists, and if these should not take fright, the
whole ass air will probably be of short duration. It
appears that the rate of allowance of the Scotch
batiks for deposits throughout all the recent advance
iu the money market, has not been raised above 4
per cent., although the changes in the rates of dis
count have kept pace with those of the Bauk of
England. Indeed they were recently ebargiug 8$
per cent, when the London rate was 8. The reasons
assigned for keeping down the allowance for de
pths are, that the banks are considered to offer the
ouly means of investment approaching in safety to
mortgaged or oonsols, and that as tho former can
scarcely be obtained, and consols pay a still lower
rate of interest, 4 per cent, is a sufficient tempta
tion.
The liabilities of Messrs. Sanderson, Sandeman &
Cos., to depositors, by whom billj are held as securi
ty, are slated to be between three millions and
three millions and a half, while those to other pai
ties may be about £ 200,009. The great majority of
the bills held beii g perfectly good, and such as
would be discounted by the Bank of Eugland, the
depositors will not ia these suffer any incon
venience, aud the effects of the stoppage will
therefore be very limited when compared with the
magnitude ot its appearance. Ten years ago the
house suspended during the crisis which then raged,
and iu less than five months it resumed business,
Mr. Sandeman being admitted as a partner. An
equally favorable result is confidently hoped for on
the present occasion. The principal difficulties of
the tirui have arisen from the failure of the Liver
pool Borough Bank and Dennistouo Co*, but from
neither of these sources cau any ultimate deficiency
be much apprehended.
The applications at the bank to-day for discount
were again extraordinarily numerous, but this tea
ture loses much of its importance from the circum
stance that it is chiefly from parties ovei-supplying
themselves. ‘these persons, when they get the
money, pay it into their bankers’, by whom, at the
eudol the day, it is again paid into the Bank of
England. Many merchants iu order to gratify an
ignorant impulse of caution, have now at their
bauk era’ two or three times the amount they ordina
rily keep. The reason they give is they “do not
know wbat may happen.’ They might know, if
they would take the trouble to reason, that the
foreign drain having been almost wholly checked,
there oan be no increased demand for money, ex
cept such as may be occasioned by their own* feare
and by any temporary contingency like the Scotch
panic*, that, under such circumstances, whatever is
taken from the bank must, always, within a few
days, return to it . and that, under auy circum
stances, the bank will continue to afford at the fair
market price every accommodation it would ever
have been granted even in the calmest times.
It was announced this morning that the Bank of
France have adopted new rates of discount in place
of the 7 i per cent, fixed on the ‘2oth of October.—
Henceforth the charges are to be 8 per cent, for bills
not having more than 30 dav? to run; 9 per eeat.
for those under 60 days, and 10 per cent, for those
between 60 and 90 davs. A decree is shortly ex
pected to modify the fawof 1807, which prevents
bankers and traders generally from charging more
than 6 per cent.
The English funds opened this morning at the ad
vanced quotations attained yesterday after regular
hours, but the market presented an uncertain ap
pearance, and subsequently experienced various
fluctuations. The first quotation of consols for mo
ney was 894 to t- from which, on the publication of
the news by the India mail, there was a further im
provement to 89f to J. The stoppage cf the City
of Glasgow Bank then caused a reaction to 89 j,
from which there was a tendency to anew rebound
when the suspension of Messrs. Anderson Sl Cos.
transpired, and produced a further sudden depres
sion. the final traasactions being at 88$ to J. For
the 7th of December the last price was 89 to J.
During the morning loans on government secari
tles J rer offered at 9 percent, but it was after
wards difficult to obtain them at a higher rate. The
e .u tß . oi hootch banks were active in taking
be bad. During the day two failures
w L At in the Stock Exchange, but they
a’Vi-M^^ l ’ Bankiitock left off
jiyi’to \ “ I-i - * new re 6 Parents,
iVS • India b£ds 50s.
coir.’ * ’ bills 25*. to 20s. dis
to to th * rau of *•“** h* advweed
The Pane letters mention the failure of M Gni
miraee A Cos., a house in theSou’h American
with liabilities for *136,000. *’
/Vow ike Daily Ainrs, City Article.
Thursday Evening, Nor. 12.—This day wQI
ioog be memorable m commercial annals as that on
which the provisions of the Bank Charter Act were,
for a second time, suspended The relief has not
LcuJ ‘°° r°°- ‘!}’ profound sensation
eiuted b> the suspension of the great house of
Messrs Sanderson, esndemau A Cos *a, succeed
ed tn. morning by a more active feeling of dfe££
In the discount market business wasVmtu a
stand stil,. discounters held their hands, &ud“ e
feelmg of painful expectation among lhe ’ bu b
came intense Meanwhile the rush to obtain ac
commodation a’ the bank became excessive Am-d
the general excitement, however, reflecting persona
saw ciear.y that the crisis had at iengthcome and
that the provisions of tne act of 1844 must be bro
ken through. It was s-on announced that a depu
tation fro u the binks were sbou: to have aa inter
vew with the Ministers; and from tost moment
despite several agitating rumors that assistance had
been refused by the Government, the public fee-hug
bscsnoe calmer. About >j o’clock, amid extraordi
nary excitement, the bank broker announced in the
Stock Exchange that Government had authorized
the Bank of Eugland to issue notes to any amount
that may be required, “on approved securities,” at
a rate of discount of not less than ten per cent per
annum.
The intelligence spread like wildfire through the
city, and was received in every circle with a feel
ing of relief proportionate to the anxiety previously
entertained. Tne effect of the intelligence in the
discount mark et was very satisfactory. In every
quarter a more confident feeling was engendered,
the bar to the circulation of capital being removed.
This afternoon the principal discount estsblishments
afforded accommodations freely to their regular
customers, although of course charging an advance
upon the back rate. At the bank itself the general
demand to-day was to an extent never before wit
nesssd. and the Directors acted with most commen
dable liberality. Now that the feeling of alarm, ex
cited by a consideration of the rapidly diminishing
resources of the back, is allayed, there is etrong
ground to hope that the recent unprecedentedly se
vere demana will subside. It is certain, from the
drain lately witnessed, that the next return will
show the bank to be in a much worse position than
even in the memorable October of 1847; bat, as
matters cow stand, this need excite no uneasiness
The state of the banking reserve is immaterial, now
that we know that this no longer forms the limit of
the Back'e resources. As regards the bullion, it
must be remembered that the £1,100,000 in coin
which was withdrawn within two days waa taken
almost solely by the Scotch and other backs, and
that the return of this amount at a future date may
be relied upon almost with certainty. In the imme
diate aspect of the foreign bullion drain there is
nothing to excite anxiety, £200,000 worth of Aus
traiian gold has reached our coast to-day, and up
ward of £500,000, ex the Bteamer Emeu, is expect
ed to arrive a week hence, being now on the way
across the Isthmus of Suez.
Some further but moderate amounts of sovereigns
were taken from the bank to-day lor transmission
to Scotland, as a measure of precaution.
The accounts received from Scotland to-day were
of a more reassuring character. Avery tranquiii
zing effect has been produced at Glasgow by the
arrival of such enormous amounts of specie and
there is reason to believe that the run for gold will
soon subside. It is even alleged that there is a
prospect of the city of Glasgow bank being enable
to reopen its doors.
From the London Timet (City Article) Sov. 14.
Latest Aspect of Commercial Affairs. —The
condition of the various markets to-day has shown
a considerable resumption of steadiness, although
there has been no tendency to great confidence or
a rapid revival. Wi h the return of gold from Scot
land, which inayepeedily be expected to commence,
aud the delivery of the large amounts announced
from Australia, there can scarcely fail, however, to
be a decided improvement, and an impression is
entertained that the Bank charter act, which bad
not been practically overstepped up to last even
ing, may still, as in 1817, be kept free from actual
infringement. Consols for money, which left off
last evening at 894, were first quoted 89$ to j, and
there appeared to be no particular pressure oi
stock upon the market, but various fluctuations
soon occurred, and at one time the price touched
89. From this they went again to 894, aD(i
operations were at 89 1 2 to i for money, and 89| to
i for the 7th of December.
For a short time in the early part of the day .loans
on stocks were in demand at 19 per cent., but sub
sequently the rate ranged between 8 and 19. Jiank
stock lelt off at 269 1-2 a212; reduced, 88 to i ; new
three per cents. 88 j to j ; India stock 210a213, and
India bonds 50s alUs. discount. Exchequer bills ex
perieneed a (onsidtrable recovery, partly from an
anticipation that a large funding may be proposed
on the assembling of Parliament at the beginning
of next month. The arrival of the North Star with
New York dates to the 31st October was telegraph
ed in the afternoon, but not before the close of
business. The statements were that the money
market was gradually recovering, that no new
failures had been reported, and that Winslow,
Lanier St, Cos., a large banking firm connected with
the Wcßt, were to resume on tho let of November,
the day after the departure of the packet.
At tne Bank of England to day the applications
fur discount, although far beyond the average
amount even of tho busiest times, were altogether
moderate as compared with those of tho two pre
ceding days. In the open market the best bills
were negotiable at J per cent, in the morning, and
at a later hour transactions might possibly have
been effected at the bank minimum.
The drain of gold to Scotland lias ceased, but it
is believed about 1(10,1100 sovereigns were despatch
ed to-day to Ireland.
In the foreign exchanges this afternoon the rates
were generally the same as last post, and on tne
whole a better feeling prevailed.
The suspension was announced of Messrs. Bow
man, Grinnel St. Cos , of Liverpool, engaged in the
New Y’ork trade. It is stated that it will be only
temporary, and that it has arisen from a HUdden
lock up of a considerable sum in the Borough Bank,
where they kept their account, the imposibility of
selling any description of produce, aud disappoint
ment in money remittances from the United States.
The liabilities are not large, nrtd are understood to
be wholly upon bil's of exchange, drawn in New
Y’ork. Mr. Grinnel, one of the partners, lately
sailed for that city to hasten home funds, and an as
surance is expressed that, when the acceptances are
returned there with protest, they will be promptly
provided for.
Messrs. It. Brinbridge & Cos., in the American
trade, have also stopped, but their liabilities on
this side are thought not to exceed £30,000 or
£40,000.
In the produce markets during the week busi
ness has been almost suspended, and prices are
again generally lower. The raising of the bank
rate of interest to 10 percent, on Monday, together
with the numerous announcements of failures, ten
ded to increase the feeling of uneasiness noticed in
tho last weekly report, but to-day there appeared
to be less disposition to force sales. Ti e business in
sugar has been upon a very limited scale, at la. to
2s. decline. Consumers are now quite bare of
stock ; and this morning there were symptoms of a
revival in the demand. Further supplies have ar
rived from the United States. In coffee, coloury
plantation Ceylon has reduced 2b. to 35., but the
market now presents a firmer appearance. Native
is almost neglected. Scarcely any business has ta
ken place in tea.
Tne return from the Bank of England for the
week ending November 11, gives the following
results when compared with the previous week :
Public deposits £5,314,659 Increase £442,715
Othe: deposits 12,935 344 Increase 1,024,674
Rest 3,304,356 Increase 68,777
On the other Bido of the acccont t
Govat securities....£9,4l4,B2B Decrease £675,273
Other se.uritles 26,113453 Increase 3,485,202
Notes unemployed 057,710 Decrease... .1,107,605
The amount of notes in circulation is £20,183.355,
being a decrease ot £83,390, and the stock of bul
lion in both departments is £7,170,508, showing a
decrease of £1,327,272 when compared with the
preceding return.
The extreme pressure whioh has prevailed in the
money market is indicated by the unprecedented in
crease of £3,485,202 in the private securities, while
the extent to winch the amounts thus drawn out
have found their way back to the bank is shown by
the increase of £442,715 and £1,021,674 in the pub
lie aud private deposits respectively. Sales of stock
appear to have been made to the extent of £675,276,
ana the reserve of notes has been reduced by £l,-
197,605. The present reservo is £219,030 less thao
the lowest point to which it fell in the panic of 1847,
and the stock of bullion is now £1,142,183 less than
at that period.
From the London Timet’ Editorial, Nov. 13.
Suspension of the Bank Charter.— At a late
hour yesterday afternoon the commercial public re
ceived the news that the Bank Charter act had been
suspended. The bank is thus allowed by govern
ment to issue an excess of notes not defined in val
ue, and a promise is given that a bill of Indemnity
will be introduced in the next sessiou of Parliament
to free the bank from the consequences of its con
duct, should it be necessary to take advantage of
the permission of government. On the merits of
this stop we will say but little.
It may be consistent with the maxims of political
economy to regulate the issue of notes during ordi
nary times, and thus to check rash speculation and
the embarkation in business of men destitute of
capital, while an actual dearth of money prevails
the chief banking institutions ot the ojuntry may
be allowed to extend its issue of notes under a pub
lic guarantee. But if such is to bo the principle of
our monetary system, the sooner it is embodied into
a law the better. If the bank is to exceed its legal
issue of notes as often as ite rate of discount ia ne
cessarily raised above a certain point, then an act of
Parliament should establish the practice on sound
aud iutelligible principles. The commercial inter
ests of the country should not be subjected to a sys
tem by which the law is obeyed as long as obedience
is easy, and temporarily swept away as often as
pressure or panic supervenes. The houses which iu
1847 and 1857 have stopped payment before the re
laxation of the law may well complain that, while
they have been crushed by the operation of the
Bank Charter net, others not more solvent or of
higher standing than them.’nlvess have been saved
by the suspension ot it. W htther the bank avails
itself of the privilege accorded to it or not, the in
vasion of the law is the same, and those who, trust
ing to its inviolability, prudently suspended their
payments, now find themselves placed at a disad
vantage in respect to those whom boldness or good
fortune encouraged to hold on a day or two longer.
We cau well imagine that only the representation
that great commercial calamities were about to take
place has determined the gove; nment to act so bold
a part. How much they teel the importance of the
step is proven by what we have now to announce—
that it has been resolved to call Parliament together
at once, in order to settle the questions taiecd by
the present crisis, and to register for M'rioters and
the Bank Directors that indemnity for which they
are obliged to appeal. A council will, we under
stand, be held next Monday, at which, probably,
Parliament will be summond to meat at the end of
the fourteen days.
We may certainly prepare ourselves for a violent
attack on “the English monetary system as establish
ed by the bank act of 1844. All the theorists of all
the schools of currency will be ready to pouncs on
what seems the carcass of a dead law. And, in
deed, they will have much that is plausible aud not
a little that is true on their side. The law is a fair
( weather law—a law for times of steady trading and
easy credit; its provisions are like the pasteboard
defences of the Chinese —strong to look at, painted
with heavy mas res of stone and guns of enormous
power, but in reality a weakness and a sham. Such
will be the reasoning of the partisans of inconverti
ble paper or uncontrolled bauks.
The defenders of the existing system will, on the
other hand, have to face the fact that the Act has
been twice suspended in two successive panics.—
What better proof, it would seem, that the law does
not provide for that very condition of things in ex
pectation of which it was framed t At this moment,
when the pressure seems about to cease, when the
Indian mutiny is broken and the American diasteis
are drawing to a cloee, we have the act which has
been so often debated, so skilfully defended, so un
hesita’ingly supported by commercial men of all
parties, which committees have declared perfect and
the House of Commons sanctioned again and again,
now for the second time set aside by the govern
ment at the earnest supplication of the business
community. Y'et as to the ret ntion cf the present
law we have not the slightest doubt. Its thorough
supporters say that it is perfect for all times and all
circumstances, and that its present suspension is a
weakness on the pari of government, generated by
sn insane panic on the part of the people. But even
those who admit that a time may come when the
bank should be allowed to extend its issue, may stiil
uphold the bank charter act as the general law of
the land. They may fairly argue that the suspen
sion aflowed by the government yesterday was to
save the country from returning to a Btate of barter.
Gold is the measure ot values, and as iong as it bears
a sufficient relation to the transactions of the coun
try. men may be required to make their payments
in it, cr in notes immediately convertible. But if
from ary sudden convulsion the metal tails short, is
drawn away aud exhausted at any spot, it cannot
be expected’that all the business at that spot is at
once to cease. There remains money’s worth—
land and houses, cotton and sugar, wines and to
bacco. Ah that is wanted is to he able to express
these in the currency which is the general standard
of value Gold has vanished, but the country has
the material wealth which will bring it back again.
All is a question of a few weeks. It tray in such a
case be allowed to the government to come to the
rescue of the nation, by allowing a corporation
which has a quart national character, and is ruled
by nationally impoeed laws, to create fictitious
standardsof value, in the shape of bank notes which
have no metallic representatives. Such a proceed
ing, however, must be understood to be an extraor
dinary proceeding, in which the community for its
own goed, allows s certain establishment to exceed
the limits of safe and legitimate deafeg. In fact,
the country must be considered as becoming secu
r‘<7 lor ‘he redemption of the extended issue, or, in
other words, as itself issuing a quantity of paper
money by its agent, the bank, in order that the
business ot the country may be conducted during
the temporary abstraction of the usual currency.
It is, therefore, no proof of the failure of the
Bark act that at certain times its restrictions should
be suspended. In fact, this extension of issue should
be considered as something euperadded to the
ordinary conditions of the bank s exietenee. The
ac t of 1844 was passed to control the bank, not |to
control the nation. Parliament decided, and we
think w.sely, that it would not in ordinary times
truet one great corporation with the power of issuing
an unlimited number of notes. This proceeding is
strictly in accordance with the regulations which
control the issue of country banks and which re-
the London banks from haviDg any issue at
Whether the amount of surplus allowed to the
bank be suMcient for the ordinary purposes of ootn
merce is, of course, a question for discussion, but
the principle which establishes a restriction of some
kind has been accepted by the nation in iu general
course of legislation. It still, however, may be
competent to the country to remedy any abnormal
deficiency of the currency by any extraordinary
issue, which the bank may be empowered to make,
not, as it were, on its own account, button account
of the nation, which may reguiatethe amount issued
and aispose-of whatever profits may accrue by the
transaction. This seems to us to be the defence of
such an interference of the government as has just
taken place. The suspension of the bank act _ has
nothing akin to the system which allows American
establishments to flood the country with paper, rep
resenting only a small percentage ot capital, or
perhaps no capital at all. It is the extraordinary
conjuncture, and when the necessity ceases the
relaxation may cease too. Still the suspension of a
positive law is a j s rave matter, and may well
necessitate a speedy appeal to Parliament.
The Crisis—Manchester, Nov. 13.—What ef
fect the virtual suspension of the Bark Charter Act
may have on trade here it is too early yet to predi
cate, bat it has calmed public feeling on commer
cial matters considerably to-day, and we have had a
more cheerful and hopeful feehng in the market,
leading spinners in pome instances to put up their
price? e little. It has not given confidence to buy
ers, however, sind both spinners and manufactui ers
compelled to realize have had to make farther con
cessions. Where sales have been effected they
have been made at rates below those of last week a
good deal, and shirt ngs may be quoted is. to is. 3d.
per piece below the rates prevailing a month ago.—
Even with these exceptional instances businesshas
been on an exceedingly small scale, lhesuspensionof
a house in the American trade is mentioned, and the
particulars will probably be before ’he public soon.
From the North British Daily Mail.
The Bank Failures in Scotland. —The block
up iu money is extending wicer and wider. The
suspension of the City of Glasgow Bank aggravates
immensely the embarrassment and distrust arising
from the stoppage of the Western, and shows in
what lamentable results waut of coufiden e,wben
once it breaks loose, may involve this and ABtUDity
and the whole kingdom. The same which
has compelled the City Bank to close may
force a similar course upon any or
the world; and one of the first dutfce we have to
perforin in alluding to this matter* to point out
elearlv for the information of thenßnlic in what the
suspension of the City of Giaaflilf consists. It was
not because the bank was Unable to convert its
notes into gold that it clged it* doors. Even
pound note which the bangfcmin circula ion could
have been exchanged ofluntor for go.d. The
City of Glasgow BanJeWdeed, u one of the few
banks of this country which could convert its whole
paper circulation into gold on demand immediately
from its chest, b cease it has grown up chiefly un
der the Banking Act of 1845, which requires a de
posit in gold equal to every note above the average
issue of that year.
It is not because the biMt did not •afford iu tne
liability or means of if a projmetary an ample secun
ty to its creditors that it was dihren to shut its doors,
because its shareholders are very numerous, many
of them very wealthy, and all of tha are liable to
the last penny ot their fortune for the obligations of
the bank. Nor s the suspension to be aWbuted to
bad debts in the books of the bark, for
of the directors, —a body of highly honorable men,
—has been published that this is not the cause, and
no losses sustained by the bank have been named
that could make any impression on the large paid up
capital (£1,000,009. sterling) and the reserve of the
bank. The City 6f Glasgow Bank, in short has
suspended because there was a run upon it for pay
ment of ils deposits in gold—a demand which is clear
ly impossible to any bank that pays interest on its
deposits, and the inability to implement which at a
moment's notice d033 not in any degree affect per se
the perfect solvency and solidity of the bank.
It seems lo us important to point out these circum
stances, lor, iu addition to the misconcep ion which
they may remove n country towns where there are
branches, ihey will show to the admirers of the pres
ent banking law on the other side of the border that
there is no security whatever in the issue of notes an
equivalent basis of gold against* the most serious
catastrophe which can belal h commercial communi
ty. No cruse could illustrate this better than the City
of Glasgow Bank, bf-cau3o as we have said, its notes,
under the actrof 1845, arc based almost wholly on
sovereigns.
From the Chicago Press of Nov. -3.
Disasters on the Lakes*
“ God help the poor mariner,” was the expression
which was on a thousand lips in this vicinity on
Thursday morning last, as they gazed across the
lake, and saw the effects ot the gale in all its fury on
the surging waters of Old Michigan, with the ther
mometer at zero. There was not sympathy enough
in the human heart to meet their case—and words
could not express even that.
On Saturday afternoon, however, the ominous
ooks found a too truthful fulfilment; for a sailor ar
rived in the city with the sad intelligence that he
was one of the two ouly survivors of the schooner
Fly ing Cloud, which left this port on Wednesday
last for Cleveland with a cargo of wheat. His name
is Frank Fox. We give below the substance of his
mournful tale :
The schooner Flying Cloud, Captain Sherwood,
left this port on Wednesday, the 18th inst., with a
cargo of 10,300 bushels wheat for Cleveland. When
she got outside the wind was south-west with mode
rate weather. About 10 o’clock at night it hauled
round to the north, and iccreased steadily till l‘J
o’clock to a perfect hurricane, accompanied with
enow, when the boat was carried away from the da
vits, and the captain ordered the vessel by the wind.
About, two o’clock on Thursday morning, while the
vessel was under close reefed canvas, the fore gaff
was carried away, and the foresail split to ribbons.
The wiud about the time veered around to the
Northwest, aud the decks aud rigging were com
pletely covered with ice. A* the cold increased it
waa deemed the only safe course to let the vessel
run before the wind—4he seamen being completely
paralyzed with cold, for the sea made clean breach
es over her, carrying away everything moveable
on deck. About ten o'clock the vessel Btruck
about one mile East of Grand Calumet Creek, and
almost immediately “broke her back” and filled
with water. The captain and crew immediately
took to the rigging—where they remained all day —
and at night they came down aud spent the night on
the quarter deck lashed to the spars. And what a
night that was to these poor marines ! Every one
wet to the skin—and their clothes frozen stiff as a
jointless coat of mail—without food, fire or nourish
ment of auy kind—and the sea constantly breaking
over them—was it to be expected that flesh and
blood could stand that ?
Friday morning two of the crew were found dead
—frozen stiff, aud the Captain and a seaman all but
perished. About 9 o'clock, the mate, Geo. Gardner,
determined to do all iu his power to get a boat to
take the crew off ihe vessel, jumped overboard aud
swam ashore —a distance of twenty rods—and made
for a shanty about a mile and a half in the woods
from the shore ; but when within a short distance of
it, he fell exhausted and perished. Another sailor,
Wat Bayne jumped next, on the same errand. No
bly and manfully did he struggle against the angry
waters, and gained the shore, but it was only to lie
down on the beach within sight of the crew in the
cold embrace of death.
At this juncture all hope eeepred to be lost and the
Captain attempted to rise and also make an eflort
to get ashore, but he was so enfeebled that he only
rose and immediately fell back aud ejaculated,
“Boys, I’m dying—try and save your lives. Toll
my wife that I’ve done my duty.” These were the
last words he spoke. Frank Fox, our informant,
was tho next to jump overboard —which was about
half-past twelve o'clock, and he was no sooner in
the water than he saw two men coining along the
bßach with a small boat. This gave him additional
courage, and after a severe struggle, he reached
the shore. The two men then launched their boat,
and cue went on board and another remained on
shore witb-a rope. They made one trip to the boat
successfully, aud brought one man ashore, Henry
Coleman ; but three successive times it was swamp
ed, and the last survivor left on board was drowned.
The boat was broken to pieces.
Fox, too weak and stiff to render any assistance,
immediately after landing, made for the shanty iu
the woods and found it occupied hy an old man and
woman. Close by it he found the mate lying near
ly dead. He was carried inside, his clothes cut
from his body, and wrapped in warm blankets, but
he almost immediately expired. Henry Coleman,
the other survivor, arrived at the shanty soon after.
Both were nearly dead with cold. Iu the kindest
manner possible Ihey were taken care of. Tneir
clothes, being still stiff, had to be cat in pieces from
their bodies, and they were put into comfortable
beds before the fire, aud rubbed till they revived.
So far gone were they, that they could neither eat
nor drink till Saturday morning. Had they remain
ed an hour longer exposed to the elements, there is
little doubt but they also would have perished.
On Saturday forenoon, Fox walked to Calumet
Station and took the train for this city, where he
arrived in the afternoon. His fingers are all frost
ed, three of them completely covered with blis
ters. His right thumb iB broken ctf at the first
joint—like a piece of wood. He will in all proba
bility lose part of his fingers. Coleman, we under
stand, is not quite so badly frost-bitten.
The vessel still lies at Calumet, and on her the
bead bodies of the Captain aud three of the crew,
and will probably be a total loss. She is owned by
Barney, Corning St Cos., of Cleveland, and is insur
ed in the Cleveland Mutual for $6,000. The cargo
is owned by Hubby &. Howe, of Cleveland—also
insured in the Cleveland Mutual.
Mr. Barney left the city on Saturday evening, to
take care ot the dead bodies, and see the condition
of the vessel.
The names of the Captain and crew are as fol
lows :
Los r—Capt. Sherwood, Cleveland; George Gard
ner, mate, Port Huron; Wat. Bayne, Cleveland;
Geo. Grimley, Cleveland ; Johnny Small, Port Hu
ron ; Paul Stedt—residence unknown ; Steward of
the vessel, name not known.
Saved. —Henry Coleman. Cleveland; Frank Fox,
Cleveland.
The captain leaves a wife and child, and George
Grimley leaves a wife. The rest were unmarried.
From Ike Chicago Press, Nor. 23.
Loss of the Schooner Antelope — Five Lives
Lost.— Every day seems to bring us a fresh load of
horrors. Y'esterday Capt. Parker of the schooner
H. Rand arrived w.th the sad intelligence that the
schooner Antelope, which left this port on Wednes
day last with 11,000 bushels of wheat for Oswego
was lost about eight miles north of St. Joseph on
Friday last, aud that the Captain (Geo. Budd) and
four of the crew had perished. Tae particulars—as
far as we could learn them—are as follows:
The Antelope was seen on Friday evening by
Capt. Parker, running before the wind, in a souther
ly direction : but it appears that during the same
evening she was driven ashore. The captain and
crew, as soon a3 she struck made every attempt to
get ashore. but failed—her small boat being washed
away. Capt. Bndd then, determined to swim
ashore, stripped and jumped into the water with a
rope, but alter several attempts he failed and had
to be hauled on board again, nearly dead. Shortly
afterwards a wave washed bim overboard and he
was lost. During the course of the night three of the
crew were washed into the lake and met watery
graves. The balance lashed themselves to the
deck and rigging, where they were found by a par- j
ty of men from St. Joseph, who reached tho vessel j
with a scow.
Five of the crew were found completely paralyz
ed with the cold and wet, and almost dead. One ‘
they found lashed to the rigging, frozen to death.— !
During the entire night, it appears, the sea made
clean ereechee over the vessel and the sufferings of
the crew were dreadful. L ; fe could not have held
on more than an hour or two longer. As it was they
had to be must csrerally nu r sed and at ended by the
people who live in the neighborhood—who most
cheerfully exerted themselves to restore them.
When Capt. Parker left four of them were in a fair j
way of recovery. The .fate of a fifth was more j
doubtful.
The Antelope will be a total loss. She was an A j
No. 1 vessel, owned by J. A. Hall St Cos., and was |
valued ar SII,OOO. We are informed that the Xor li- j
western Insurance Cos.. have risks on hull and cargo i
to the eitentof $11,600.
The schooners Rand and Triumph are also ashore |
near the same piace—all bands saved.
News from the Straits of Mackinaw are looked I
for with much anxiety.
The Great Mogcl. —The aged King of Delhi, a
feeble tool in the hauls of the late occupants of
Delhi, was a captive in the hands of his English
co querors, at the latest advices. The report that
his two sons “had been shot’ appears correct—with
the addition that they had fallen in battle, and not
as the words might seem to imply, by the vengeance
of the British. Ttyp Sovereign, who is between
eighty and ninety years old, could scarcely have
been an active promoter of the late revolt. Ma
homst Surajooden Shah Gsgee succeeded Lis father,
as King of Delhi, in 1837, and has been retained,
by the East India Company, as a King in name
only, sot the last twenty years. A pensioned des
cendant of the last race of Mabomedan Kings of
the Delhi, his Court presented all the worst evils of
Eastern depravity and luxury. In his own Palace,
at least, he was allowed to retain all power of life
and death, and was cruel as well as luxurious. The
stipend annually rranted to “His Majesty was
twelve and a half lakhs cf rupees, equad to $625,-
000. The East India Company committed a great
mistake in allowing such ample means, alter they
had virtu fly annihilated the regal authority. It
would not surprise us to find tbem providing for
the gradual diminution and final extinction of all
tbe large allowances which they have hitherto made
to the deposed Native Princes.
TstWaiAT Market. —There is no improvement
in the price for Wheat sinceour last At Nashville
red wheat is quoted at 70a75c . white 75a80c In
this market it is worth 75 for red and 85 for white.
Corn remains at from 30 to 35 cents, and but little
demand for it.— Cleer!and ( Tenm.j Banner.
African Cotton Cnlt~ U re—Productions of
Africa.
The cotton question is still a topic of discussion in
Great Britain, and public attention is turning with
great interest to Africa. Two important papers
were recently submitted to Parliament, iu which
the cotton cultivation iu Africa is warmly recom
mended. 1 heir author, a British Consul, Mr. Camp
bell, who is stationed at Lajos, states that the whole
of the Yarribk and other countries south of the Ni
ger, with the Houssa and Naffee countries on the
north side of the same river, have been from time
immemorial, remarkable colt jn-growing qualities,
and that notwithstanding the civil wars, ravage.-’ and
disorders caused by the stave trade, more than suf
ficient cotton to clothe their people has always
been produced, while their fabrics have found mar
kets and a ready sale in those lauds where the cot
ton plant ia not cultivated, and into which the pro
ducts of Glasgow and Manchester have not yet
penetrated. Mr. Campbell estimates that the an
nual cultivation of cotton in the \ amba, and the
adjacent States, is equal to 7,200,000 tbs., and ex
presses the opinion that, whenever the c tton fab
rics of England are introduced, via the Niger, to the
upper part of the Yarriba and the circumjacent dis
tricts, the natives will probably sell their own cot
ton, and clothe themselves with the lighter and
cheaper cloths of Manchester and Glasgow. Mr.
Campbell admits that tae cotton grown in Africa is
still the products of slave labor , but, for the satisfac
tion of the tender British consciences, and still more
tender heads, endeavors to show that there is a
wide difference between a man being a slave in his
own country and in a foreign land. Perliaps he can
convince the British public that slavery in Africa,
where a king adorns his courtyards with pyramids
of the skulls of his vassels, is milder ana more hu
mane than in the United Stales, and that though
cotton is and must be cultivated even in Africa by
slave labor, yet it is suah a very gentle and moder
ate k nd of slavery as to be easily mistaken for free
dom —such freedom as some of the worthy sub*
gMts of Great Britain in India possess.
w<uly Mr. Campbell, but the great traveller in
AinKfSn Livingstone, has been shedding a good
deal of light on this subject. He expresses his firm
belief that the Angola country, if it had been in the
hands of Europeans, would nave produced more
cotton and sugar, in proportion Jo its extent, than
any part of our Southern Statesijjle describes the
western portion of Central Af however, as the
best field of cotton. It was mucjjtoore easily se
parated from the seed, and monofmaple product.
None of these cotton movement® ®ed cause any
apprehension in this country. Eveflf if successful
to the extent anticipated by thbo. t sanguine
Englishman, the supply that can bfgfcsed in Airica
and India, added to that of the Uiflb States, will
not be more than adequate to the d^kid.
Both Mr. Campbell and Dr. LivingsVpe give in
teresting statements ot the productionaiand resour
ces of Africa—statements whioh oughtto arrest the
attention aud stimulate the of the com
mercial men of this country. Cofjee, palm oil,
ivorv, wheat of very fipe quality, are among the
varied productions of the country. FThe tine wh. at
wbich Dr. Livingstone saw, greir o:i : -
and was produced without ii’rijpnoa. To a ques
tion respecting the growth and flix, Dr.
Livingstone mada Utofolktoii.t: reply:
’’Coming downUjrwtmbesit” T.-g , hefcmnUiiat
somehow or omHHformation had got there that,
had offered a reward of £l,-
090 for afittre proper formating paper. His opinion
was asked as to whether the report was true The
only answer he could give was, that if the Times
had said it, the £IOOO was certain, if they could
only get the proper fibre (Laughter.) He then ad
vised them to get some of the fibre they had in
abundance, which might be used in the manufac
ture of paper. They brought a kind of aloe, and
another soft fibrous substance, found round the
roots of the wild date tree. Neither of these would
be good for the purpose ; but they likewise brought
another, termed Buaze, which he had known sim
ply as used for making threads to string beads
upon. In other par's the sinews of animals were
used for the purpose; but this root was quite as
strong, aud when one attempted to break it, it felt
ns if it would cut the finger. He brought home some
of it, and presented it to Pye Brothers, in Lombard
3treet, who put it th r ough their new process for
treating such fibres, aud they gave as their opinion,
after consulting one of the first manufacturers iu
Leeds, that the fibre was finer and stronger than
flax, and it was worth between £SO and £6O a ton.
This plant was probably not known to botanists; at
all; it was said to grow abundantly on the north
ba k of the Zambesi, but was never cultivated.
The north bank was much more fertile than the
south bank..”
Our commercial men are not wont to be behind
those ot auy other country in enterprise, aud we
again repeat that the statements lately made by
Mr. Campbell aud Dr. Liviugstone ought to arrest
their attention. Africa is still, in a great measure,
a terra incognito, but the spirit of modern inquiry,
with such pioneers as Dr. Livingstone, will not
long leave it unexplored and iu darkness. Our
countrymen should be prompt to avail themselves
of the observations and discoveries of scientific
travellers, in a part of the world which may possi
bly contain the materials of a commerce as rich as
that which India yields to British hands. — Rich.
Dispatch.
Statue of WfiNliiriHtoii in llicliinoud.
The removal of the new statue of Washington
from the wharf at Richmond to Monument square,
on Tuesday last, was the occasion of quite a patriot
ic outburst on the part of the people. It having
been determined that human agency should not be
used as a means of populsion, as was proposed,
and no notice of the hour having been given, but few
persons were at first in attendance. The Richmond
Enquirer says: A powerful team of horses was at
tached to the wagon on which the box containing
the statue had been placed, and it was thus hauled
successfully to the intersection of Main and 17th
streets—a distance of two blocks. At this point the
people began lo assemble, and the news quickly
spread up town that the statue was coming. Men
deserted their workshops and offices, and took posi
tions on the sidewalks of Main street, in order that
they wight get a view of the box ns it passed, few
supposing that they would be permitted to “lend a
hand.”
It became necessary, however, at the corner of
Main and 17th streets to detach the horses from the
wagon and employ the assistance of the by-standerß
to turn the vehicle. The “spirit of ’76” now began
to manifest itself. The wagon was successfully
wheeled around the corner, and the crowd then be
gan to take matters into their own hands without
regard to contractors or any one else. The
horses were dispensed with, aud the rope attached
to the wagon being quickly manned by about a
hundred aud fifty men and boys, a start up Main
street waa made, and amid the shouts and cheers of
the animated throng, the wagon and ponderous
lord moved towards its destination. The enthusiasm
increased wonderfully fast, and soon the cry of
“more rope” was heard. Another coil or two was
brought into requisition, aud a general disposition
to take hold was evinced by the populace. Vener
able old men and todlia boys, staid citizens and
youthful madcaps, the rich, the poor, native and
adopted citizens, in fact eveiy body counted them
selves in, and in a short time the human team con
sisted of several hundred persons, all exuberant
with patriotism, and brim ful tof fun. Such a sight
we have never witneßeed before and never expect
to see again.
It was carried by tire enthusiastic assemblage
amongst joyous shoulings up Main to 9tb, along the
9th to Broad, along Broad to 10th, and thence
through an opening iu the iron railing into its proper
place in front of the monument.
It was a grand and delighful spectacle as the
mountain box, drawn by hundreds of the citizens,
with agent McCloy and Capt. Sam, Freeman and
Corporal Kriecbman, of the Blues, with their flag
on the wagon in front, o.vercame all obstacles and
was safely landed amid enthusiastic cheeriDg. Only
a few moments sufficed for the crow to tear up the
iron railing and curb stones and contiguous trees to
make a passage into the square. The mayor of
the city was raised to the top of the box, and after
a neat speech urged the people to call the Governor
out.
Gov. Wise could not resist the hearty entreaties
of the besieging crowd, (who guarded all the exits
of the capitol,) and, esco ted by the mayor, was
welcomed by the crowd, who, by the aid of a rope
and their own shoulders, elevated him on the box.
Just then salutes were fired by detachments of tho
Blues and Young Guard, and patriotic airs perform
ed by the Armory Band. The Governor stood be
neath the “stars and stripes,” held up by a number
of citizens, and addressed the immense audience
with eloquence and powerful effect. After a few
pertineut remarks from Capt. Dimmock, captain of
the public guard, and Mr. Mayo, the crowd dispers
ed, leaving the box safely in its place. We have
never seen a more picturesque aud animeting spec
tacle—the more so as it was entirely unexpected by
everybody.
The inauguration of the Statue will take place on
the 22d of Fedruary, when the President and his
cabinet and all the dignitaries of the State and
country will be invited to attend. On which occa
sion Senator Hunter will deliver the inaugural ad
dress, Hon. W C. Hives his alternate, and Messrs.
J. Barron Hope and J. R. Thompson are to deliver
poetical odes.
Washington Items—Political and Other
wise—Hon. Mr. Lamar, of Texas, some time since
appointed Minister to Buenos Ayres, has concluded
to accept the mission to Costa Rica and Nicaragua.
He will not go, probably, before spring. The pow
er and scope of thi3 mission will be similar to that
of Sir William Gore Ouseley, the propose being to
secure a thorough and effectual settlement of all the
Central American questions. Sir William Gore
Ouseley has taken a house at Washington, aud
will remain during the winter advising with Lord
Napier relative to these subjects, and on ourgeneral
relations with England.
The steamer Susquehanna, from the Mediterrane
an squadron, is expected daily at Key West, whero
orders will meet her to proceed immediately to San
Juan.
It is said that the District Attorney of New Or
leans agreed to Walker’s release on a light bail, by
an arrangement with Soule, without consultation
with the Judge. If the record shows this to he t-ue,
the President declares that he will remove the Dis
trict Attorney immediately.
The revenues at New York, which were two
thirds of the aggregate before the revulsion, now
average one half of all other places. The decline at
Boston and Philadelphia is relatively less, while
most Southern ports maintain their former position,
except New Orleans, which fell off and has nearly
recovered. Collector Schell, who is here, regards
the estimates of the duties at New York at nearly
three millions] er month after January, eb doubt
ful.
The Treasury Department believes that the ex
fienditures can be restricted within fifty-two mil
ions annually, less the cost of the Mormon aud In
dian wars.
The President and Secretary of War are almost
daily closeted, engaged in maturing plans of opera
tions against the Mormons, and in preparation for
recommendations to Congress.
Disaster uponDisaster —A Fearful Catalogue
—We do not believe that, in the entire history of
j newspaper printing, the press has ever been called
. upon to record a week's chapter of tragedies, disas
j ters and fatal results, that can compare with the
one just past To waive all comment upon the in
credible number of murders and fatal assaults that
| i.ave transpired in this city and elsewhere, and
! which seem to be viewed more in the light of mat
ter-of course occurrencos than otherwise, we will
only allude to what may be classed as serious disas
ters. We have, then, in this one week's catalogue
the unprecendented freshets in this State, in Canada,
and on the Westem rivers, involving the loss of a
million dollars’ worth of prof erty and a large num
ber of lives; gales on the lakes, in which some
thirty vessels are known to have been foundered or
stranded, with the probable loes of a still larger
number. The amount of property thus destroyed
can be estimated only by hundreds of thousand of
dollars, to say nothing of many sailors and others
who perished. Gales on the Ohio and Mississippi
rivers, in which a large number of coal boats were
eunk, involving the loss of $50,000 and upwards of
100 lives. Boiler explosions—in Grifnntown, Cana
da, with one man killed and many wonnded, steam
er Cataract, five lives lost and fifteen wounded ;
Rainbow, loss of life and many wounded. N. P.
Sprague, eight lives lost, and several wounded. —
Collision on the coast of Texas, with loss ofeteamer
Opelousas and twenty-fivelives, besides many woun
ded. Fires—in Rochester, two lives lost and SIOO,-
000 worth of property; Baltimore, loss $80,000;
Columbus, Ohio, loss heavy; Louisville, SIO,OOO ;
Mobile, $150,000; Olean, X. Y„ $70,000 ; Jamica,
X. Y, $20,000, Lockport. $100,000; steamer Henry
B. Beach at Baltimore, $10,000; also in this city.
$50,000.
All these disasters occurred during the week just
past. The record for the previous week was scarce
ly less appalling. The old proverb that “misfor
tunes never come singly,’’ seems to be often veri
fied, and particularly in the present instance.— Jour.
Com.
Cholera Coming from Ecropk.— -The barque
Suwa, from Hamburg, arrived at Quarantine this
morning, with 215 passengers, report 41 deaths on
the passage. The sick were landed at Quarantine,
ard we learn at Castle Garden a permit was issued
allowing the well to be landed at the Garden. A
s'earner has gone down after them, and was expect
ed back about three o’clock this afternoon.
The Trusko, which arrived from Bremen last
week, lost eight of her passengers from cholera on
tbe voyage, and several cases were taken to the
hospital. All the passengers were kept at Quar
antine four or five days.
The Louis Napoleon, which arrived yesterday,
had a large number of cases of measles on board.—
Thirty children, Bick of the disease, were taken in at
the hospital, and several others have since been ta
ken down. Three persons died on the passage.—
Sev York Poet, Tuesday afternoon.
WEEKLY
Cjjroracle & Sentinel. |
AUGUSTA, GA.
WEDNESDAY MORNING, DEC. a, 1837.
SUSPENDED BANK BILLS
at par.
Ths Proprietor of the Chronicle and Sentinel
will take the bills of the following suspended Banks
AT PAR, for any indebtedness to this office, or for
subscriptions to the Chronicle ,V Sentinel and
Southern Cultivator:
All the Banks in Augusta and Savannah.
The Bask of Fulton.
All the Banks in South Carolina.
Wild Cat Financiering in Connecticut.
The New llaven Courier contains some rich de
velopments, of a Wild Cat swindling shop in that
State, known as the “'Bank of Voluntown.” The
reader will, we doubt not, find in the account a very
fair and graphic picture, of the numerous Wild Cat
swindling shops got up in Georgia, by the Wall
Street and Chicago sharpers, who doubtless hope to
rob the people by wholesale. The following is a
list of these institutions in Georgia ; let the people
avoid them and their issues as they would pick
pockets
Merchants’ Bank, of Macon.
Interior Bank, Griffin.
LaGrange Bank, LaGrange.
Southern Bank, Bainbridge.
Cherokee Insurance A Banking Com’t, Dalton.
Planters’ &. Mechanics’ Bank, Dalton.
North-Western Bank, Ringold, Ga.
Bank of Greensboro’. Greensboro’.
Exchange Bank, Griffin.
broke.
Manufacturers’ &. Mechanics’ Bank, Columbna.
The following is the article from the New Haveip
Courier:
Messrs. Dunham and Noyes, of the board of haul
commissioners, returned on Saturday from the Su*
perior Court at Brooklyn, Ct., having succeeded’
iu recovering $25,000 of the broken bank bills used
in payiug in the capital stock of the bank, and ar
resting and placing in confinement Messrs. Liudley,
Waggoner, Miller and Peck.
It Beems that every dollar of the SIO,OOO used to
pay the first 10 per cent, of capital was brought into
Voluntown ; and, after the bank was organized, it
was carried out again by the same person who
brought it; hence Voluntown did not furnish one
dollar of the capital, although all the stockholders
were Voluntown men except Peck. The stockholders
organized the bank by electing a board of directors,
and they a president and cashier. This was done on
the 28th of October, and $25,000 waspoidin by
Peck, in the bills of the Farmers and Mechanics’
Bank of Memphis, Tennessee, and the Merchants’
Bank, also of Memphis. Both of these banks were
gotup by this or a similar gang of men, one of which
burst after it started and the other before. The
packages were recovered iu a room in Broadway,
near Wall street, New York. The bills were freßh
aud clean, and done up neatly in packages of SIOO
each. The remaining $15,000 was paid in by worth
less checks on banks in New York, except a bal
ance, which is supposed to have been bills on the
Tiverton Bank, R. 1., another bogus concern.
Os the $24,200 bills of the Granite Bank issued,
the commissioners have recovered about $6,000,
leaving out about SIB,OOO now in circulation, most
of which is supposed to be in the bauds of the plot
ters in New York. Judge Butler fixed the bail
at the amount of circulation, aud for want of bail
ers the parties were locked up for trial iu January
next.
When Commissioner Noyes first visited the bank
he did not succeed in finding any visible assets. —
But when he arrested Miller, at Danielsouville, he
took from him nearly $8(10 in specie, which consti
tutes the bulk of the available assets. Judge But
ler, in his remarks iu reply to the appeal of Mr.
Weloh, counsel for the prisoners, gave the bank
commissioners a well-merited compliment, aud he
concluded by saying that “they having discharged
their duty he should now discharge hiß,and he hoped
the result would show that this kind of swindling
was not to go unpunished, even if bail should be
procured and forfeited.”
Weunder-tand that the bills were engraved at
Peck’s solicitation, long before a dollar of stock was
subscribed, by the same firm who engraved for him
the bills for the Mattatuck Bank.
Ilorsex.
The citizens of Burke and Jefferson will perceive,
by his advertisement, that Geo. T. Allman, alias
“ Little Ktd, ” as he is familiarly called, has made
preparation to pay them his annual visit, aud has
“a nice lot of sensible horses.” Read his advertise
ment.
Robbery. —The pocket-book of lion. A. 11. St
ephens, containing about $l5O in money aud some
valuable papers, was stolen at the South Carolina
Railroad depot on Thursday morning. It was subse.
queutly found under the platform where it had been
thrown by the thief after he had abstracted the
money. The papers were found untouched.
Cotton Burned. —Four car loads of cotton, 149
bales, were burned on Saturday morning last, near
Quitman, Mias. Loss about $7,0(10.j
Fire in Mobile. —A large unoccupied frame
houße was destroyed by fire in Mobile ou Monday
last, the property of Price Williams, which was
insured in the Southern Mutual Company of this
city.
Payment of Taxes.— The Governor has issued a
Proclamation instructing the Tax Collectors and
other officers that, in addition to gold and silver, the
bills oi epecie paying banks of this State, and such
other bills as are bankable iu Savannah or Augusta,
are authorized to be taken for indebtedness to the
State. Collections to be made forthwith.
Virginia Interest. —The Auditor has placed to
the credit of “The Commissioners of the Sinking
Fund,” the semi-annual interest of the debt of Vir
ginia, payable in London aud New York, the first
day of January.
Sale of Sugars in Savannah. —A cargo of 122
hhds. and 15 bbls. Muscovado Sugar Is to be sold at
auction in Savannah on Monday next.
Cotton and Vegetables in Florida. —A cor
respondent, writing from Greenwood, Jackson, co.,
Fla., (near the northern line of the State,) under
date of the 16th inst., says: “We are making aver
age crops of Cotton. No frost yet worth mention
ing. I have watermelons, squashes, snap beans
okra, &c., green and growing in my garden. My
cotton is still in bloom.”
Gen. Wm. T. Haskell. —Our Tennessee ex
changes chronicle, with the liveliest expressions of
satisfaction, the complete restoration to sanity, of
Gen. Wm. T. llaskell, aud his discharge from the
Lunatic Asylum. A lecture was announced by
him on Friday evening last at Lexington, Ky.
Grapes. —lt may seem rather unseasonable to
many, says the Maeon Journal 4’ Messenger, that
fine bunches of the Warrenton Graps could bo
gathered from the vines, in a perfectly sound state
at this time. But the Senior editor of this paper
gathered several clusters yesterday from vines in
his garden, where there arc “a fewjmore of the
same sort” reserved for Christmas. It may be a
fact worth knowing to those who are willing to take
a little trouble for that purpose, that this grape can
easily be preserved on the vine for two or three
months after they ripen.
The St. Louis Dry GooD3 Swindlers. —French
St lladsell, the St. Louis dry goods dealers, who
obtained credit in New York, Pailadelphia and Balti
more for goods to the amount of SIOO,OOO in August
last, and sold the goods at a sacrifice and neglected
to pay their debts, have fled from St. Louis and
escaped. Carlos Pierce, of the firm of Pierce Broth
ers &. Flanders, of Boston, went on to collect a claim
and had a warrant issued for their arrest. He fol
lowed them to Alton aud from there to Bunker Hill
but they eluded him and probably got upon the
railroad. George E. Currie who had bought some
of the goode, was also arrested on a charge or par
ticipating in the fraud.
Mr. W. 11. Belcher, of the celebrated sugar re
finery at St. Louis, au excellent authority io all par
ticulars of sugar manufacture, says that the Chinese
sugar cane which has been carefully tested, will
prove a failure, as far as sugar making is concerned.
Georgia Cheese. —Since the commencement of
the Fair, says the Montgomery Mail, we have been
shown some specimens of Cheese, made by Mrs.
Curran Battle, of Warrenton, Georgia, which sur
passes anything of the home-made article we have
ever seen. The cheese weighed from 18 to 25
pounds, and for beauty, or richness of flavor, was
not to be, in our judgment, surpassed by the finest
English Dairy.
Sickness in Jacksonville. —Th e Republican of
the 18lh, says that 20 new cases of sickness were
reported that day. The editor advises absentees to
stay away until heavy frosts ; which we presume
have visited the place, ere this.
The steamer Star of the West left New York on
Friday for Aspiuwall, with about five hundred pas.
sengers for California and elsewhere on the Isthmus
and South America.
Dangerous Counterfeit.— The Atlanta Ameri
can has been shown a counterfeit ten dollar bill on
the Bank of Hamburg, S. C. This counterfeit is
dated Nov. 3, 1850, letter B. The difference be
tween it and a genuine bill same denomination and
letter Nov. 11th, 1850, is very marked. The engra
ving is generally coarser, the vignette, (a likeness of
Calhoun,) heavier, and the shading of the letters not
so perfect.
Arrest of Counterfeiters.— A few days ago
the police of Cincinnati arrested several parties on
the charge of counterfeiting coin, and succeeded in
discovering a number oi moulds, dies, &c. While
conveying one of the men, named George Williams,
to jail, they noticed that he very frequently took a
chew of tobacco from his pantaloons pocket, but on
examining his person, only one cr two pieces of
coin were found, but on the officers requiring him to
open hie mouth and disgorge his tobacco quid, twen
ty-one counterfeit three cent pieces were found in
the tobacco.
The Beauties of Banking.— The Constitutional
Convention in Kansas made provision for a com
plete banking system. The constitution provides
that the capital of the State Bank shall be $3,000,-
000, and that there shall be four branches—two on
each side of the Kansas river. The Leeompton cor
respondent of the St. Louis Democrat says the con
vention declared the bank charters granted for the
banks in Kansas, last winter, as null and void. In
debating this proposition, it came ont that, in mak
ing up a bank at Lecomptou, last summer, it was
necessary, in accordance with the charter, to exhibit
a cash capital of $50,000. This was done by bor
rowing $2,000, and putting it in two bags. While
one bag was being counted, the other bag was car
ried on’- and brought in again, and this was done
until $50,000 was counted, and certificates ob.
tained.
Located —We learn from rumor, that the South
ern University will be located at Huntsville, Ala.
Mcxsngc of Gov. Allston, of South Carolina.
The first annual Message of Gov. Allston, of
South Carolina, was delivered before tha Legisla
tlire of the State on Tuesday last. It is principally
devoted to State affairs, to which he gives preference
over political and sectional objects. The various
subjects under consideration are the South Carolina
College, the Arsenal, and Citadel Academies, the
Free Schools, Finance aud Bauks, suspension of
specie payments, the laws, Federal relations, Sec.
The portion relating to Finances and Banks com
mands more attention than any other, and we sub
join an extract, from which it will be seen that he
proposes an important change in the banking sys
tem, at least so far as regards the relations of the
Bank of the State to the private Banks :
Finance and Banks.— The financial condition of
the Slate is sound, though at the present moment
necessarily somewhat embarrassed. Without in
eluding tile surplus revenue, $1,051,422 09, which is
held on deposit, the debt of the State amounts to
$3,058,681 50, drawing interest at a rate of Irom 3
to 6 per cent. The taxes returned for the last fiscal
year are $493,144 55. The ordinary annual ex
penses do not exceed $359,000, but the payments
out of the Treasury the past year far exceed that
sum. For particulars, I refer to the report of the
Comptroller Gene al.
The same report will present the monthly exhibit
of the condition ot the Banks. Within ten years
the number of Banks has been increased to twenty,
which are returned monthly, with an aggregate
capital of $14,837,641 25, with a specie basis in
September of $999,399 76, and a line of domestic
exchange amounting to $10,265,530 98 Os the last
sum six of the banks in the commercial city of
Charleston having a capital of $8,137,642 25, re
turned for their part only $3,027,657 73. The capi
tal of the ten Bauks first named in the exhibit
amounts to $10,137 642 25; their circulation for
September was $3,389,828 ; their specie on hand
for same month, $597,949 15. The circulation of
the same Bauks, as showed in the month of Octo
ber, was $3,806,504, and their epecie amounted to
$436,893 95. The t6n Banks last named, having
together a capital of $4,700,000, returned for their
circulation in September $3,715,344 -, specie on
hand, $401,450 21. The circulation of the same
Banks, as shown in the October exhibit, was $3,218,-
315 50; specie on hand, $267,807 11.
In the first half of the year, I was pleased to learn
that the bills of the principal Banks in South Caro
ima oonetituted still a portio i of the most approved
currency in the West, and were available also to
travellers as far North as theeity of New York.
Those of some of the smaller Banks, it was said,
wereaometimes found, at certain points in the West
em States, circulating too freely and in too great
Pjambers. In granting charters hereafter, I think it
would be well to confine the Banks to dealing in ex
change, discount and deposit. The issue of bills for
currency should be the prerogative of the Bank of
the State, which, in its turn, should be denied the
privilege of discounting notes or dealing in domes
tic exchange. The corporations which demand a
circulating medium for their business, should apply
to the Stale authority for the same, depositing one
third of the amount desired in specie, and tne re
mainder in satisfactory securities, so as to assure
the public of the soundness aud couvertibility of a
mixed curiency. This suggestion is made on the
supposition that the State will adhere to the Bank
of the State as its fiscal agent, not because I prefer
it as such. Unless some such modification of the
system be adopted, I am of opinion that it would
conduce to the soundness of the currency and more
to the interest of the whole community, to have the
banking business of the State done by six corpora
tions, instead ol twenty.
I recommend that the laws sgainst usury be re
pealed, leaving the legal rate of interest at 7 per
cent., where no contract is made. Acknowledging
the principle of this reform as sound, I have hither
to, in another capacity, refrained from pressing it,
believing that the publio mind Bhould be prepared
for it by full discussion. lam now of opinion that
it should uo longer be postponed. Money is entitled
to the benefit ot a market as well as every commo
dity ; and the owner of money should not be denied
the privilege of lending it except through the artifi
cial, and sometimes costly, medium of a corporation.
Banks, too, should be allowed to take, for the use
of money loaned, whatever it is worth in the mar
ket, and be thereby relieved from the tempting
facility ot evading the law in order to increase their
profits.
In regard to the suspension of specie payments by
the Banks, the Governor is not very explicit in
commending any measures adapted to present cir
cumstances. He says that it is demoralizing iu its
tendency, and causes, oa the part of the laboring
community distrust and loss, leading to want and
suffering, and that it will be long before confidence
is generally restored. Iu conclusion, he says :
The moment of excitement, apprehension aud fi
nancial pressure, is not a time to legislate respect
ing the bands. The existing laws, if sound, will be
vindicated in practice ■, if otherwise, it will be wise
to repeal or modify them when the publio mind is
calm, and commercial confidence shall have been
restored. In enacting statute law, the statesman,
to whose wisdom and integrity the public welfare is
entrusted, will not, for the sake of doing something
when in position, yield either to the crude sugges
tions of his own observation, or to the outside influ
ence of opinions, created by undue excitement on
the one hand, or by interested individuals or corpo
rations on the other.
A Minister from France. —A dispatch from
Washington says the Frenoh government has ap
pointed M. Felix Belly, a distinguished litterateur
and politician, whose bitter hostility to the United
States is well known in all the political oircles of
Paris, as a special minister to Central America, to
arrange with Sir Wm. Gore Ouseley and such per
son as may be appointed on the part of the United
States government the vexed questions pending
between the States of Central America and the
great Powers.
Gov. Walker. —The Union authoritatively con
tradicts the report that Gov. Walker has purchased
lands in Kansas cr elsewhere, aud adds that no
part of the reservation at Fort Leavenworth has
been sold..
Apples are scarce and dear in New York. The
Journal of Commerce says Newtown pippins, which
were in such high favor laßt yeare for export, are al
most an entire failure, so that the number to be
shipped this season will be insignificant. The mar
ket price is quoted at $7 aud $8 per barrel, packed
for shipment, and $5 and $6 per barrel, as they rdb.
The crop in western New York is fair, but in other
portions of the State and through the country gen
erally both in quantity and quality are inferior.
Tennessee. —The Joint Select Committee on
Banks, in the Legislature of Tennessee, have repor
ted a bill legalizing suspension till the Bth of Jan
uary, 1859, upon the condition that no bank shall
declat e a dividend during suspension. Also, that if
the banks of New York and New Orleans shall re
sume specie payment during the spring or summer
of 1858, the banks of Tennessee, which avail them
selves of this bill, shall also resume within sixty days
thereafter. The free backs are required within
ninety days from the passage of the bill to deposit
bonds of Tennessee with the Comptroller sufficient
to make the bonds in his hands of par value, accord
ing to the New York prices of said bonds—and on
failure, to be placed in immediate liquidation. The
banks are required to make quarterly reports to the
Governor of their erndition.
A Serious Disaster. —Advices from Paris nn
cer date of November 2, state that the Department
of Marine had just received intelligence of a serious
disaster. A vessel belonging to the imperial ma
rine, which had been fitted out for a scientific expe
dition charged with the duty of rectifying existing
inaccuracies, and correcting the surveys of the
coasts of the Caspian Sea, was lost on the very eve
of returning home, after having devoted one year
to the most careful and exact scientific explorations.
Every soul ou board except one went down with
the wreck. The loss, deplorable as it iB in other
respects, will be principlly felt in a scientific point
of view.
Government Patronage. —A list of our misters
and consuls abroad, with the States from which
they were appointed, their compensation, etc., has
been published by the State Department. It affords
some curious statistics of the rank held by the seve
ral members of the Union in the government patron
age. New York, of course, carried off the lion’s share-
Pennsylvania is very little behind her, however, the
aggregate of the former being $79,250 and of the
latter $74,825. Virginia comes next with $55,800 ;
then Indiana $23,500 ; Massachusetts $20,750, (and
so on down the list. Ohio, the third State in the
Union in almost every respect, ranks ninth, with
sls 500. Missouri, Tennessee, North (Carolina, Ar
kansas aud Vermont do not appear in the table st
all.
Reduction of Wages. —The Worcester (Mass.)
Transcript of Monday says that a “ large carpet
manufacturing company in a neighboring town have
reduced their wages eighteen per cent. Two firms
in this city, making machinery and tools, have re
duced twenty and twenty-five per cent. Our largest
manufacturers of wire offered, a short time since, to
employ their hands on short time at a redaction of
fifteen per cent, on all wages over a dollar and a
quarter a day, and ten per cent, on all at and under
that price. The hands declined to accept the offer
and stopped working. Idleness has convinced them
of their error, and they commenced work.”
Butter in New Jersey.— A correspondent of
the Newark Daily, writing from Allamuchy, War
ren county, N. J., says:
The yield of butter here is truly enormous. Nev
er were there so many pounds of that article pro
duced—and of such a fine quality. But little of it
has reached the market, the farmers having waited
for higher prices; they thought by this time it could
be Bold for twenty-eight, twenty-nine and thirty
cents per pound! but are just finding out tbelr mis
take; ana next week and the wet k after will find
the market flooded with fine butter, and the hold
ers willing to take 14 to 18ceuts per pound.
Counterfeiters Arrested at Cincinnati.—
George Williams, a huckster residing at Newport,
Ky.. John Amos, residing in Cincinnati, also a huck
ster, and two men, one named Crail, a carpenter,
and the other named McCormick, a farmer, living
about ten miles from Cincinnati, have been arreeti
ed for counterfeiting. The parties, it seems, have
been extensively engaged in coining three cent
pieces and other money of a small denomination,
each as halves, quarters, dimes and half dimes. A
variety of aparatus and materials, and a large quan
tity of the counterfeit coin was seized.
A Simple Remedy. —A writer in the Baltimore
Sun, who has been afflicted severely in his family
by that appalling disease, bronchitis, has found re
lief from the following remedy .-—Take honey in the
comb, squeeze it out, and dilute with a little water,
and wet the lips and mouth occasionally with it.—
It ha3 never been known to fail, in cases where
children had throats so swollen as to be unable to
swallow. It is certainly a simple remedy, and may
be a very efficacious one.
The fitndersville Georgian of Thursday says a
large sale of Pork took place here yesterday at 7
cents net. It will not be probably any higher than
that figure.
Snow and Poverty in Minnesota.— A gentle
man from St. Paul informs the Prairie du Chien
Courier that there was in the first part of last week
eighteen inches of snow on the ground at St Paul*
The Times says:
The snow at Hastings on tbe morning of Sunday
was eight inches deep. This seems too terrible for
belief A great portion of Minnesota is in a state
of destitution. No money is in the county; large
bodies of emigrants are huddled together in places
entirely new and remote from euppliee, and now tbe
rigors of a northern winter are upon them nearly a |
m inth before they were anticipating it. W e dread
the recital through the press of the horrors in store I
for those who are without provisions or money, and 1
shat ont from the world by a half year of im and i
snow. 1
The Explosion of the Steamer Cataract.—
Further Particulars. —We have already given an
account of a fearful explosion and loss of several
lives on board the steamer Cataract, on the Misaou
ri river, which occurred on the night of the 18:k in
stant. The St. Louis Republican Bays:
The force of the steam burated up the forward
part of the cabin floor, so that two of the paseeu
gers fell through upon the boilers—Mr. N. E. Brace,
ot llartbrd, Cnnneeticut, being one of them. Mr.
Brace had been connected with Col. Colt’s armory
at Hartford for a number of years, and was highly
respected and beloved by all who knew him. lie
died in about six hours after the accident, and leaves
a young wife.
The passengers were all asleep at the time of the
accident, and the steam which rushed up into the
cabin put the lights out. A scene of consterna
tion ensued which is beyond description. The cries
of the wounded aud the groans of the dying, and
the shrieks of those who escaped unhurt, ami the
total darkness which enveloped the scene, are de
scribed to us as beiDg terrible.
In tliis alarming sta'e of affairs, Captain O'Neil
had sufficient presence of mind to break out the
skylight, to afford the suffocating steam iu the ca
bin an avt nue of escape. This done, he weLt back
to the ladies’ cabin, and got the ladies and children,
of whom there were several ou board, out at the
side doors on the guards to a placo of safety. No
one in the ladies’ cabin received the slightest in
jury.
It was soon ascertained that out of the sixty-six
passengers on board twenty one were scalded, live
ot whom died in the space of six hours after the dis
aster. Ihe steamer Low Water came up iu the
morning and took nine of the wounded to Glasgow,
tourot whom died, and there were four more who
probably would not survive the next night. The
total number ot the dead when our informant left
Cataract was ten, six having died aboard that boat.
A LarqrCheck.—The largest check ever seen
in Wall street, New York, was shown to tho edi
tor of the Commercial on Tuesday. It was for sl,-
320,48.5 30, drawn by tbe New York Life and Trust
Company, and certified by the Bank of America*
payable in current funds to the order of J-. A Palmer>
receiver of the North American Trust and Banking
Company. It represents the means of that bank
rupt institution, which have been paid into the
Trust Company principally in small sums during
the last seventeen years, and have been accumulat
ing at compound interest during that time until the
final disposition of the law proceedings ha 9 enabled
the receiver to draw out tho amount to pay the
sums over to the rightful owners. The larger por
tion of this money is held on foreign account, end
was probably sent out by tho steamer yesterday
either in bills or specie. Tho Commercial says :
1* speaks well for tho present state of the Now
York money market that so large a sum could be
withdrawn at one time aud for a purpose out of the
ordinary routine of business, and bo scarcely felt
by the commercial community. The company with
which it wa* deposited have been expecliug the
call for some time, and ma e their arrangements
to meet it promptly, in the meantime so graduallv
drawing in their own demand loans to the required
amount that no serious inconvenience has been felt
by their customers.
Firk in Baltimore. —The Baltimore American
sums up the losses by the fire there Saturday night,
and insurances, as follows: Fisher, Royal Bro.,
$40,000, Insurance $15,000; L P. D. Newman
$15,000, insurance $25,000; Mrs. Sarah Norris
SIO,OOO, insurance $0,000; T. S. Bants Bro.,
$12,000, insurance $21,000; Steiner & Bro., SOOOO,
insurance $25,000; E. R. Horner Sc Bro., $12,000,
insurance $25,000. Total loss, $95,000, on which
there was an insurance of $147,000. The Sun cays
During the progress of the fire the ride wall of the
burning building fell in and a young fireman n.ined
Forest, the pipeman of the First Baltimore Ilose
narrowly escaped being launched in amid the flaming
timbers. Dr. Owens, the surgeon of the company,
was struck on the bead by a piece of timber, which
kuocked him down senseless, inflict ing a severe
wound. The surmises as to the origin of the fire
are various, but it is generally attributed to acci
dent. The warehouse destroyed was a large double
one, with iron facings and four stories in he : ght. It
was owned by Mrs. Sara i Norris, who is insured for
S6OOO in the Rquitable office in this city.
Negro Stealing on a Large Scale.— Seven
slaves were recently run off from a railroad in Flo
rida, ftnd recaptured. They implicate Wm. 11.
Lard, Micajah Andrews, and Win. Waters, all white,
in their abduction, and all three were arrested. A
letter from Pensacola says :
“The testimony disclosed the startling and impor
tant fact that there exists a numerous and exten
sive gang of these outlaws, whose operation?, ex
tend through all the Gulf States and on to Tex s.
They are thoroughly organized, and recognize each
other by passwords, signs, grips, etc. IJuite a num
ber of them reside in this section. but it is soped
that since the developements which have come to
light, the entire band may be completely broken up,
and made to pay the penalty of theii offences.—
Many more will doubtless be arrested. A;J tin* pe
nalty in this State for such an offence ns that wh eh
those arrested stand charged, is death, no bail way
granted.”
Fire.—We regret to lea n that the new an
commodious residence of Dr. Curran Rogers,
near Thomaston, was consumed on the 14th inst.,
together with the outhouses. The Doctor and his
wife were absent, and not even their apparel was
saved. Loss estimated at $4,000. No insurance,
ire acoldantal .
Investioation.—TLo U. S. District Court of New
Orleans are inve-tigating tho cause of the collision
between the steamers Opelousas and Galveston.—
The True Delta , of Monday evening, says:
Jeremiah Smith, Captain, Nathaniel Burgess, ji*
lot, and Thomas Tucker, mate, of the steamer Gal
-1 veston, were arraigned this morning, and plead
“ not guilty” to the indictment of the Grand Jury.
The examination is fixed for the 26t h inst. Captain
, Smith gave bail iu the sum of SIO,OOO, N. Burgess
SBOOO, Tucker, in default of SSOOO, was remanded
to prison.
The mas Buckner, first mate, J. W. Jewell, second
mate, John R. Young, pilot, and F. W. Brown,
quarter-inaster, of the steamer Opelousas, were ar
raigned and plead “not guilty.” All except Young,
who was released on bonds of SBOOO, were remand
ed to prison.
The Grand Jury also found true bills for man
slaughter against Peter Smith and others of the
steamer Opelousas, and John Lewis, Thos. Torpy
and Alexander McCullum of the Galveston.
The Ship Baltic Ashore. —The Charleston
Standard of Sunday morning, says ; The ship Bal
tic, of Bath, M 0.,) Capt. Morse, arrived off this Bar
I frem New York on Friday afternoon, and took a
f pilot. On Saturday morning about 4 o’clock, while
standing in shore, got aground about 3 miles to the
southward of tha main Bar, when the ship com
menced striking heavily, there being a heavy sea
( on and the weather boisterous. Part of the cargo
of hay was thrown overboard, but it did not assist
the ship, and at 3 o’clock yesterday afternoon she
had nine feet of water in the hold, and there was
every prospect of her becoming a wrick. The
k steamers Aid, Nina and Catawba went yesterday
( to her aid, but they were unable to do anything in
( consequence of the sea. Cap 4 . Morse reached the
city yesterday afternoon in the steamer Nina, and
is trying to procure the services of a lighter to re
main by the ship aud save the material, should she
go to pieces. The Baltic had on board 1350 bales
, Hay, 1000 bbls. Cement, 184 pigs Lead, and a few
other articles. We learn that there is some insu
rance on the Hay in one of our city offices. Tho
ship is partially insured in Boston and Bath, L 709
tons, aud three and a half years old.
In the House YF.sTERDAT.--On Friday last, the
Alabama House of Representatives adopted the
Senate joint resolutions expressive of thecondemna*
tion of Gov. Walker of Kansas, by the people of
Alabama. The vote was nearly unanimous—yeas
85, nays 3.
Large Yield of Corn.—A gentleman informs
the Barnwell Sentinel that he saw on Gen. Ham
mond's plantation, an acre of laud measured, which
produced ninety-eight bushels of coni—sixty ears of
which shelled a bushel.
Jacksonville. —The Republican of Wednesday
says :—“The heavy frosts and cool days wilh which
we were favored during the latter part of last week,
seem to have had the desired effect in causing an
abatement of the sickness in town. We hear of no
new cases since that time, and expect by our next
issue to announce it perfectly safe for absentees to
return, as also for strangers to visit the place.”
Forewarned, Forewarned. — Tho following is
an extract from the money article of the New York
Herald, of Wednesday. The Southern people will
see the game on foot to injure them, and will, no
doubt, take the proper measures to meet the omer
gency, and to save their threatened interests :
The Manchester (England) Chamber of Com
merce are opposed to any interference with the
Bank act. They think the rate of discount low
enough, consiuering that they have no stocks of cot
ton on hand ; and as letters from there say, “tbe crop
grown in the United States lays at our feet. We
can fix the prices we choose to pay, and you must
accept them or go without, as we intend to make
the South pay for our losses at the North, and are
advised that the crop will be the largest ever gath
•red.” We suppose cotton will keep, and t our
trans-Atlantic cousins are in the sulks, the c itton
planters can afford to wait until they recover their
equanimity and come to their plantations aud solicit
a little material to keep their spindles in motion.
U. S. Treasury Estimates. —lt is stated that the
treasury estimates of appropriation for the text fis
cal year have been made up, and despite every ef
fort to reduce them, the total amount estimated is
about seventy millions. The estimate for the War
Department alone is twenty and a quarter millions
—being largely increased by the anticipsted Mor
mon war. The total Naval estimates, including
the special service and the construction of the
new steam sloops of war, amounts to fourteen mil
lions.
The Weather.— Snow lies two feet deep at Ni
agara Falls, and there is more or less of it through
Western New York, as far east as Rochester.
From that point to New York but little has fallen
At Ravenna, Ohio, a few days ago, it was nearly a
foot deep, and there was sleighing at Cleveland on
thankgiving day. The winter has set in at the
West in earnest. Navigation on the Upper Missis
sippi is suspended for the season.
Large Movjcmisnt of Grain.—The New York
Journal of Commerce publishes a statement show
ing the number of ships which have loaded with
grain and sailed or will sail from that port during
the present month for Europe. The aggregate
quantity of grain included in the statement is about
1,500,000 bushels. Last year, in November, white
the extraordinary shipments of grain were taking
place, the nnmber of grain vessels which left. New
York was but forty-one, whereas it is calculated
that not less than sixly-one will sail before the pre
sent month expires.
Lzctcrk of Lola Montiz —Madame Lola
Montez, Countess of Landsfeldt, has just completed
a course of lectures at Philadelphia, which the North
American says was a decided hit, the Musical Fund
Hall being nightly crowded with the fashion and
beauty of the city. .
The Legislature of Mississippi has re-elected the
Hon. A. G. Brown to the United States Senate.
He received one hundred aud eleven votes out of
one hundred and sixteen cast, notwithstanding he
was violently opposed by the Hon. Jefferson Davis.
Melancholy and Singular. —The S'ngaar
casualty of a person being blown from a rai'road
train in motion, by the force of the wind is not a
very rare one in the annais of railroading upon the
prairies. During the gale of Wednesday night a
brakeman named Cnshmjer, in the emp'oy of the
Chicago and Bock Island Railroad, was blown from
his stand on the platform of a freight car while run
ning at full speed, the wheels passing over him, 1
killing him instantly. <
Washington, Nov. 39,1*07.
Un. Editor : Will ti e aw penult the oxpre to
carry newspapi rs ? Ii it *ill, wo will emp *v it in
this v aoo to bring u, the Augusta D dies. We had
become used to a u lure ts our Ua’ies once in two
or ttreo days, but n-w wo filler - come together,
indo- and, I hove ti >t La-1 a Daly iu th.eo days, (Sun
day intervening,) urd I do not know when lo W
for another paper. They fail alway. when nt ws of
importance w expected. It is a very common re
mark m our 6 reel* that “we ska 1 l ave 10 Angus'a
mail to-night,” and ou enquiring wi y, th t respond
will fco, “because we are so anxious o 3 e the next
uew3.”
The Augusta I > >.\ ies are e. ~ 1 verv much on
account ot the irregularity ol their arrivals. Sub
scribers very rationally say t • \t a v. r ek v or tri
weekly, gives them the news about v* < Leu ,a t
dailies. If tho law will no: aii,w the Kxpres. to
carry newspapers, you would do well to •:g.tato tho
subject and try loget the bi s; .of rr.r, vm-. them
intrusted to private enterj :
The last mail brough t my Savam ah but not the
August* paper. The daily press hn I til-,- Imk to
this matter. Ido not know .1
failure, except on you or tU 1’ ‘tOffice. ”
YVILKES.
Kkmarks by the Editor -Under the former
mail schedule, tile package for Washim-ton v- a de
posited in the Post Office iu this cily. But under
the present schedule, ilia placed in v m iou of
I the Post Office Agent, out! cn\ cv< * ?ernoon
(we have fi.ited only once to be in time,) before the
j departure of tho train. Hen e tie i„d. ■, s can only
! occur from the reinisness of the traveling Agout or
| at Washington.
j The Bills of the Bank of Ha bi rg, were
thrown out yesterday by our cily Hr,ls; allot
I whom refused to receive them, , i.K r r payment or
I deposit. This was done, wo believe, uln'eou the
I ground, that tho Bank of Hamburg refused to fr
range terms fj sett’eir.ents.
Russels Magazine for December was received
yesterday, on tho first day of (he mrr‘ h as usual
Tho table of contents presents n varh . t i rlraent
of the substantial and u?* ul, v;h j. y tt ud well
toid tales. Thin magazine pimento worthy claims
to the patrons of southern likn;(ur r iia support
nud we hope to see it wi !:; * if, liberally sus
tained.
Fire in Orangkiu 1 ’ Ac : . • bnt of the
Carolina Times writes that 1) i-* Pn- by. r:an Church
jat Orangeburg C. 11. was<’• ri'vycd by fire at about
one o’clock on Sunday mornii g ii ;. Uefire is
i supposed to have been the v . ilt oi mi incendiary.
American C*’OLM.f —The Lon’.on Time*, uf
j tor ooinmectlcg upon the present Ft ete of trade in
i Americ • and Ergland, 803 3 “But in tho midst of
j this awful stood still, the Americ .n mind continues
j cool, and nothing disturbs its self po: ic ’.-it a. Tho
j whole affair ia taken as an inconvenient —a very
| great inconvenience, like the h\-s of your carpet
I bag, but not as rain, and hardly as adversity.”
The Transatlantic Telegraph.—lll attempt
ing to raise the submerged portion of the Tele
graphic cable, the shore end has been broken. This
will very seriously cmbarn.l3 ti/ . uterpriso of se
curing it. It wai carried on under tho supervision
| of Mr. B ig':t, the late Engineer of the Company.
| Slaves Held in lowa.— The Fairfield (Iowa)
Ledger is informed, on good autheril \ that a Mis
Bouri slaveholder hu3 reraov; dto Wurmn county,
iu that State, and has brought with l.'m five or six
! slaves, whom bo doin'y a right to keen and work on
the free soil of lowa, under the* Dred Se -tt decision
The Stranded Ship —The Cimrh.h >;i Mercury
of yesterday’ says:— Nothing ha*, as 3 ot, been saved
from the Baltic, and from present appearances,
nothing will be, she having Bt tiled t’ . uoh an ex
tent that flood tide rises to her betwt n <l< h: 9, and
breaks completely ov r her at every swell. A
heavy sea prevails fill about her, at: ‘ fiv t fear of
further disaster, her . re w las been entirely with
| drawn. Should the sea go down, her ail a, rigging,
Ire., may, pei haps, I>. stv. i
Gen. Walker. —A Washington correspondent says
that private advices from New Orleans txpresi the
greatest confidence on il e part of Co:u-; -tl V alker’s
friends iu the Fuccess of his mts v’ • ntorpri o in
Nicaragua. Al! avoid, however,. ta; ;i. the preelse
point of his contemplated debar* .ati m. Wulkor
gua, and determined, if uny naval for* a'.tcmptod
to interrupt him, to resist t > t ik i.-h— forc'iig
upon any power assuming thus polico duty < n the
high reas the respond bility oft inking Lis vessel and
crew.
Protest. —-The Washington Star h.n. the follow
ing paragraph:—“We hear, on nut oi\ly in which
we place confidence, flirft both the English and
French Governments have l? b n • ‘on to pro
test through their ministers here, to this Govern
ment, against Walker, the filibuster's second expe
dition to Central America. Tl protests were
probably sent the State Department some time
since—before Walker succeeded in deluding tho
vigilance ct the federal authorities at New Orleans
and Mobile.”
The “Dignity or Labor."—A correspondent ol
the Njw York Evening Po * v* th ;t h !.:ts offer
ed woilur.en, carpenter lll a-.* na,
work u< $1 per day, and they have ii; every instance
replied that they would rather starve than work for
lees than their usual pay—s 2 per day.
Later from the Rio Grande —The Browns-
vide Flag gives disastrous accounts of the work o
! the grasshoppers in that region. “Myr-ads infest
, the atmosphere between Ivim * an ! Li. Grande
City, almost literally stripping the can fields of
every thing that is green. Even grass in the fields
j does not escape their ravages.” A letter from tho
latter place adds:
Aud the w'orgt of it in that tho work of procreation
is going on rapidly, and myri ids of young ones are
1 hopping over the ground. I never would have
imagined or believed, Im i I not seen ir, that grass
* hoppers could fly as they flew. As high as tho
vision extended or ts f r as an i niimJ of their size
could be seen, they were up in tho air flying hither
* and thither like as if tho whole of out doors was one
) iinmon-e swarm of bee?, t hey endure <>n the wing
apparently all day, but, did not appear to extend
their ravages faster than about four miles a day
1 down the river. Uow tar they wfent down south I
do not know.
t The Falg says that nil the buildings were injured
by the late explosion are b ing repaired, n. iu some
* of tho merchants have ivsumtd thin old stands on
1 Elizabeth street. Brh kbuil ings will be construe,t
----1 ed on the Levee . : n place of thoft) b- wn and burnt
down, in a short time.
Pennsylvania Iron WOl k -- The* Great West
| em Iron rolling mill, at Brady's B Ar strong co.,
has discharged about ‘-even hr* < p-uative-. It
has been engaged in making ia ; . •. ; lr-. .1 largely ,
| aud the demand for that article having falling off
materially, it L curtailing opererath 11 to uit. T.‘o
Pittsburg rolling mills are nearly ail running half
time,and the owners storing the product. They will
be well prepared for n brisk spring tfcuson, but have
been compelled to forego the fall season’s trade al
most altogether.
From Texas.—A jo'nt r* h /ution, r questing the ir
Senators end instructing their Representatives in
Congress to urge the passage < ‘ a I w 1 utborizii g
the laisiug of a reg ; ment of Texas ra ger , for pro
tectiou of the erfrom Jndi 111 tepsedat ons, 1 a B
passed the Texa Lcgis ature. The Galve ton
News sayß:
The increasing frequency <>.’ Ind an ti! rages upon
our border population, and tie inadequacy ot the
present military force of tbe United S'ntes to lepol
and punish the marauding savages, demand the im
mediate action of the Government, and wo trust the
importance of the subject will be .-<> apparent to the
President, that he will devote a p rt •lof hi first
annual message to it.
The Belton Independent records further Indian
depredations in that vicinity. On the 11th they
stole and drove away over on hundred horses.—
One cavallado of about, eighty in number was ta
ken from within three miles oi GuVi-ville, the coun
ty seat. A parly had start and in pursuit. Mr.
Lewis, son-in law of Moses J<ick /.i, ‘C.vj , was
killed on Pecan Bayou, near Camp Colorado, by
Indians, or mc-ri disguised ns such. O;lters bad
been attacked by tin m and there was a general
disposition among the settlers to leave, unless im
mediate assistance was sent to them.
Outrage on an American Ship.— The Ameri
can ship Thomas Watson, while lying off Qaitta, on
the coast of Africa, en the 14th of September, ra
seized by a British man-of-war. She had a valua
ble cargo of palm oil, ivory and gold dust, and in
trading along the coast for these articles, had, at
Anamaboe, ship Samuel Johnson, a Hack man, us
steward. The Herald says :
Samuel Johnson quitted the flop, without per
mission, and went on board the British tdearTMhi|i
Bloodhound, Lieut. Charles R. Robson commanding
On the same evening, at about 7 o'clock, that veriol
dropped anchor under the stern ot the hip Thomas
Watson, which was boarded by Lieut. Robson aud
an armed body of men, who etated tha the black
man, Samuel Johnson, had made a deposition alleg
ing that he had been sold vs a slave. Tne captain
of the Thomas Watson replied that he knew noth
ing about it, and therefore had nothing to say. Lieut.
Robson interrogated ali the officers and crew of the
Thomas Watson, all of whom replied that nothing
of the kind had occurred or was intended.
At last Lieut. Robson stated that thin black man
! (Samuel Johnson) wanted to leave the ship, and that
he must be paid bin wages at. our The consign* e
of the ship being a I ore, ti c capt .in rep ied that he
could not comply with the demand, na he consider
, ed the man Johnson a des rter On the jollowing
day, September 13, the ship Thomas Watson was
seized, with her cargo, all the ship’s papers taken
and an armed force cf marines and eai ors, called a
prize crew, placed on board. On the t ime day tho
ship was got under way, and ordered by tbe com
-1 mander of the British government Blood
hound to Sierra Leone. At the time of the seizure
the ship Thomas Watson was about lea\ ng f- r tho
port of New York, having her full cargo on board
1 The ship arrived atS erm Leone ou the / 1:1 of Ooto
! ber, after a voyage of twenty-two day-, [he da
mage to the owners of this ridp las aheady beeu
1 thousands upon thousands of dollars, au J may ye
be much greater.
The General Missionary Committee and the
Board of Manager- of too M seionary flodety of the
Methodist Episcopal Uhurcim have jus , li<-!<1 their
annual jo nt meeting at New York fur n-aking the
annua! aipropriation- f rthe support < f tijeir ,'oreigu
and domestic mes ons. Ths meeting adjourned at
10 o'clock Friday evening, liuving announced tbe
following appropriations :
To Africa
China .O.'V!
India
Turkey, (Bulgaria)
Germany - ,
Norway, Sweden and Denmark o 1
South America *>“ f
Seudwich Islands 0 ”
Aggregate for the fore go worn.. $60,081
To German Domestic M wiqna throng .out
the Stales and Territories w,UUU
Scandinavians, Welsh aud French 10,625
Indian Missions 6,650
Domestic Missions among our native
population 70,537
Making the amount for For’gu aud DomV $185,893
To th a is to be added a contingent
un i for the cstabli InneutofNew
M s ions SIO,OOO
Exp ns? of Adm.nis’rat on £ oqq
To meet and liquidate present m
debtednesi 60,000
Tota ’ $260 893
The Pork market i ye: in an unsettled eonditiol.
ilo ders t - nk it will, be Worth Coen.s, while pur*
cl.atoiethnk it can be bought tor&c.nts. — Cleve
land (Tenu.) Banner,