Newspaper Page Text
by telegraph.
arrival
OF THE STEAMSHIP
INDIAN.
FOUR DATS LATHI FROM EUROPE.
Cotton Advanced Clems Buoyant.
Manchester Adviees hi/jhly FasoralU.
RIOT IS BELFAST, IRELASD.
MARRIAGE or THE PRINCESS HOTAL OF ENGLAND.
Reports of Farther Troubles In India.
Portland, Me., Feb. 10.—The Montreal Ocean
Steamship Company’s first class screw propeller,
Indian, bas arrived, with Liverpool dates to
Wednesday, January 27th. „
General News.
The grand affair of the week, the marriage of
the Princess Royal of Great Britain and Ireland,
Victoria Adeladr Mart Locisa, with his Royal
Higbnesa Prince Frederick William Nicholas
Charles, of Prussia, took place at the Chapel
Royal of St. James, Monday, the 25th of January,
at half past twelve o’clock. The marriage cere
mony was performed by the Archbishop of Canter
burr, in the presence of the Royal family, the
high'dignitaries.of church and State, and the Ring
of the Belgians, the Prince of Prussia, his Royal
Highness the Grand Duke of Baden, Ambassadors,
Foreign Ministers, Cabinet Ministers, and other
distingue persons appeared in full-dress uniform ;
and all the ceremonies of the occasion were of the
moat imposing character.
Some little additional news from India has been
published in Jthe English papers, announcing that
the insurgents were threatening to attack Alum
bagb. Very little, however, is known beyond the
intelligence brought by the Bombay mail of the
28th of December.
The Leviathan iron steam vessel is not yet com
pletely launched, but she was moved on her ways
eighteen feet in two days, and no doubt can now
be entertained of her successful launch. The ex
pense of launching her, according ta the London
Observer, will be about £25,000.
A serious riot occurred at Belfast, Ireland, on
Monday evening, the 25th of January, (the day of
the marriage of the Princess Royal). The riot act
was read, and numerous arrests were made.
The American ship Adriatic, which bad been
confiscated by the French Court of Appeals, on ac
count of her collision with the steamer Lyonnais,
and which made her escape from the harbor of
Marseilles, on the night of the Bth of January, has
been arrested on the high seas, by a trench-man
of-war. The details of the capture are unimport
ant.
Commercial News*
Liverpocl Coiion Market, Jan. 27.—The sales of
Cotton for three days reached 20,000 bales, of
which speculators took 4,000, and exporters 2,000
bales. The market advanced %d., and closed
buoyant, with an advancing tendency.
Manchester Trad*. —Business in the manufactur
ing districts is favorable. There are more buyers
than sellers, and holders are demanding an ad
vance in the price for goods and yarns.
Liverpool General Market.—The Brokers’ Circu
lar reports the Breadstuff* trade dull and de
clining. Corn firm and advancing. Provisions
Rkhahdson &. Sfesce report the Flour market
very dull. Wheat inactive, and great difficulty to
maintain quotations. Corn active, at 6d. to 1?.
advance. Sugar steady. Coffee dull. Rico dull,
with the exception of Carolina, which is quoted a t
20 shillings. Rosin—Common firm, at 45.; and
Turpentine closed ptio ,«6s. Cd. a C7s. Od. per
t ' r 7'.*
ijondon Market. —Wheat reported dull and de
fining. Sugar dull at from 6d. to Is. decline per
ewt.
London UoM’j Market. Money was slightly
easier. There hud been no chango in the rates of
discount by the Bank of England. Consols had
declined, and reported at 35>£ for money and ac
count.
The City of Baltimore Arrived.
Saw Yorr, Feb. 11,—The steamship City of
Baltimore has arrived, with a few hours later news
than brought by the Indian at Portland.
The London A'nn says that it is probable that
the Hank of England will reduce its rates of dis
count on Thursday.
The other intelligence brought by this vessel has
been anticipated.
It was reported that Gen. Changarnier would
Teturn to France.
Congressional.
Washington, Feb. 11— In the Senate to-day the
discussion on the army bill was continued. The
Senate also authorised the appropriation of six
thousand dollars for the puhlioation of the bred
.Scott decision—and then adjourned until Monday.
In the House, the bill to seevre the lives and
property of .persons on steamboats was debuted.
Walcott, the witness in the case of the Law
rence, Stone A Co. affair, refused to testify before
the committee, and a resolutiondias beer, adopted
to bring him to the bar of the House for a con
tempt.
The following is the committee appointed by
the Speaker of the House, under tie resolution in
troduced by Mr. Harris, of Iliinuia, and adopted
-on Monday :
Thomas L. Harris, Illinois —Douglas Democrat.
A. H. Stepheso, Georgia— Democrat.
Justin S. MonRELL, Vermont— Btf-Mlccin.
Joils' Letcher, Virginia— Democrat.
Edward Wade, Ohio — Bepuiliean.
John A. Qi itmak, Mississippi— Democrat.
Warren Winslow, North Carolina— Democrat.
Henp.i Bennett, V’ew York— Bcpullican.
ALLISON WniTE, Pennsylvania— Dernwat.
Havid S. Waleriis* e, Michigan— Bcpullkan.
Tnos. L. Anderson, Missouri— American.
Jons W. Stevenson, Kentucky— Demecril.
Garrett B. Adrian, Vew Jersey— Douglas Dem
ocrat.
James Buffington, Massachusetts— Bejm'olican.
Wm. F. Rcscrll, New York—Democrat.
[The friends of the Lecoaipton Constitution have
a majority of oue on this committee, in the above
classification is oorrect. —Reporter.]
Washington News.
Washington, Feb. 11.—JudgeCATO, of Kansas,
and the Hon. Joseph P. Carr, the claimant of a
seat as Representative in Congress from Kansas,
had an interview with President Buchanan to-day.
Mr. Carr left in the train this evening for
Charleston. He will make no attempt to take his
•eat until Kansas is admitted into the Union.
Coal Oil Factory Burnt.
Cincinnati, Feb. 11.—The Coal Oil Factory at
Maysrille, Ky., was burnt last night. The loss is
about fifty thousand dollars, and without insurance.
Philadelphia, Feb. 8— Pursuant to call, “the
Democrats who are opposed to any violation of
the Kansas-Nebraska act/’ or, m other words, are
opposed to the Lecompton Constitution, hela a
meeting to-night, at the rational Hall. Col. For
neypresided on the occasion, andex-Gov. htantoD,
of Kansas, made a long and able speech. Hon.
B. J. Walker was not present, other engagements
harmg prevented his reaching the city in time.
New York, Feb. B.—The weekly statement of
the city banks shows an increase of $1,428,0«k) in
loans; $5d4,000 ia circulation; $2,300,000 in nominal
deposits; $140,000 in undrawn deposits, and a de
crease in specie of $020,000.
\ 1 * •. V. • * .m
[COMMUNICATED.]
Public Meeting.
A respectable nnmber of the citizens of Union
county assembled at the Court House in Blairs
ville, on the 24 inst., for the purpose of holding a
public meeting.
Mr. Alfredjlutt was called to the Chair, and
Col. Thomas M. Hughes requested to act as Sec
retary.
The object of the meeting, as explained by
Elihu S. Barclay, in a few appropriate remarks,
was to express the judgment of the people of
Union couuty in relation to the recent action of
the legislature upon the bank question, and the
course pursued by his Excellency Governor Brown
in regard to the same.
The following gentlemen were appointed a com.
mitee to report suitable matter for the action of
the meeting, to-wii: Messrs. E. S. Barclay, Simp
son Reid, Esq., Sidney S. Harshan, John C.
Souther, Lewis Little, David Twiggs, and Wm.
Sullivan.
After the committee had retired, Dr. Andrew
Young, Col. S. J. Smith, of Towns county, J. S.
Fain, Esq., S. Reid, Esq., Col. J. P. Wellborn and
T. J. Haralson entertained the audience with ap
propriate addresses.
The committee having come in, through their
chairman, Major E. S. Barclay, offered the follow
ing report, which was unanimously adopted:
The committee appointed to take into considera
tion the object of the meeting, offer the following
report:
An act of the legislature passed in 1840 devolved
the duty on the banks of the State to redeem their
bills in gold or siver promptly, on demand or pre
sentation, otherwise their charters were to be for
feited, and receivers appointed to liquidate the af
fairs of the banks so failing to redeem.
Since the passage of said law, the people have
sustained little or no inconvenience from a depre
ciated curredcy.
Very recently, however, the northern banks, es
pecially those of New York, having suspended
specie payments; our banks although representing
themselves solvent and able to redeem their liabil
ities seized upon that circumstance to justify their
suspension, and by understanding ana agreement
among themselves, did suspend, and thereby
depreciate their bills in the hands of the
holders, risking the consequences of the vio
lated law. The banks relyng confidently on
this wealth, legislatve tactics, logrolling in
general and the other appliances that money tact
or talent could bring into requisition, felt an as
surance of success. It was no vain reliance, the
tender sensibilities and social sympathies of a
large majority of both branches of the legislature
waxed warm in their favor, whereupon a bill pass
ed legalising the various bank suspensions in this
State, and authorising the non-payment of their
bilis until the loth day November, 1858, which
bill his Excellency Governor Brown vetoed, set
ting forth his reasons for so doing in a well writ
ten message, containing important facts, and
abounding in able and unanswerable arguments,
which message with the bill he communicated to
the Senate where it originated. And after being
then and there read, it was merged in some dark
corner, lest perhaps the simplicity of its truths
and the force of its reasoning might strike arrows
of couviction into the hearts of ti.e unwary of th*
i House. H was stiffled in the Senate. Believing,
therefore, that the passage of said bill over the
head of the Executive was arong per se. And that
the iii which it was accomplished was un
precedented, and being furthermore convinced of
the truths set forth, and the reasons advanced in
said message and the correctness of their applica
tion. Be it therefore
Revolve/i, That the citizens of Union county ir
respective of party , most cordially condemn the
action of the recent legislature in passing the bill
legalising the suspension of payment by the banks
their bills and authorising the nonpayment of jhe
same until the 15th day of November, 1858.
Resolved, That we condemn alike the matter of
said bill, and the manner in which it was passed
over the head of the Executive.
Resolved, That we consider incorporations con
centrating individual wealth m any form especially
when it can assume the control of the trade, com
merce and currency of the couutrv, as dangerous to
human liberty, its natural and direct tendency being
to intimidate the weak with tears of danger, ana
lure the strong by hopes of reward.
Resolved, That tbs incorruptible integrity, com-
Jud Roman fhmn*s» of h!»Ex
cellency Joseph B. Brown, exhibited in his veto
fit and qualify him ra an eminent degree for the
high position he occupied.
Renolved. That we ueartily sanction and approve
Governor Brown’s veto of the bill legalizing the
■ suspension of payment by the banks, adopt the
sentiment, endorse the trashes, and yield an un
faltering assent to the cogent arguments contained
in the message communicating it.
Revolved, That in the veto said bill and the rest
sons assigned we have a striking illustration cf
the manly virtue, ability and unshrinking firmnees
of Joseph E. Brown, so'admirably qualifying hi:n
to discharge the responsible duties of chief uiog's
trate of the empire State of “the South.
Revolved, That our Senater Dr. Young, and Re
presentative John S. Fain, and also the Senators
and Representatives of Towns and Fannin corn
counties, with all others who sustained his Excel
lency in his application ♦o-eaid bill and aided in
procuring the passage of the Hiwassee Rail Foad
Charter, are entitled to and have the warm and
cordial thanks and approbation of this meeting.
Resolved, That we conrider it the duty cf all
portions of the State friendly to the position occu
pied by Gover Brown in the bank question, te hold
! public meetings and vindicate and sustain the
man who has dared to say the law shall bo en
forced and equal rights maintained even though
it be at the sacrifice of violated charters and usu
rious gains.
A. Burr, Cbairaeao.
T. M. Hughes, Secretary.
Hanhsome Donation. —We learn that tbo TTon.
Alexander Anderson, of New Albany, Indiana,
has presented to the American Colonization Socie
ty Un thousand acres of kind, lying in the State of
Georgia. The deed so; the same was receded ut
the colonization roome a, few days since. The
laud lies in an improving part of the State, and is
supposed to be very valuable. Mr. Anderson is
entitled to and wi if receive the thanks of all the
friends of Liberia for this generous donation.
< Rational Intelligencer.
The Atlanta Intelligencer, in publishing the
above, enquires where thk 44 tract of ten thousand
acres” is located in Georgia?
T<> gratify public curiosity and for the informa
tion of the othcers of the Cofonization Social;", we
will give wliat little information we have about the
matter.
Some years ago, a largeiaumber of lots of land,
probably upwards of fifty thousand acres, lying in
the section known as 44 old Wilkinson,”
were granted as reverted dots, to the agent of a
company called 4 * The Georgia Lumber Company.”
This compauy failed and conveyed their lauds to
♦tc* State of Indiana and others. The most of
these lands kave be**n sold’for taxes to different
citizen* of Georgia, who have been in possession
since 1844. ritme one claiming under Indiana,
commenced actions against tin. persons in posses
sion in the Circuit Court for tin District or Geor
gia, but failed to recover the lands. We are in
formed there are actions now pending in Telfair
Superior Court fvr a portion of them, and that t
compromise has, perhaps, been offered to be made
for one-half es wliaC is claimed. .At no time have
the lands, bv those >*hat knew' them best, been es
timated as worth, in the average, jr ore than twen
ty-five cent* per acre.— Southern Recorder, Feb. *J.
Washington, Feb. B.— General Calhoun, the
President of the Lecosapton convection, is now
preparing a statement to the public relative to Kan
sas affairs. He has said in conversation with his
friends, and may repeat if in his address, that he
did vote in convention to submit the entire Con
stitution to the vote of the people, but was defeat
ed, and then went for a vote on the sfarerr article
He also says there was an attempt made to prac
tice a deception upon him as to the returns from
Delaware Crossing, but that the correct returns
give the legislature to the free State party. He is
of opinion that this leaves no room for contention.
There is every of obability that a proposition will
be offered in the Senate from the Lecompton Dem
ocratic side, at the proper time, emphatically and
distinctly recognizing the right of the people of \
Kansas to alter their Constitution whenever they
see proper, anything in the Lecompton Constitu
tion to the contrary notwithstanding.
Richmond, Va., Feb. 10. —In the Virginia Legis- (
lature to-day, a bill w'as reported from the bank ,
committee fixing the first of April as the day on <
which the banks of the State must generally re- ]
sumc.apeciepaymenta/' _ i
jgpHpto Charleston Courier quotes sight Ex- |
change on New York at one and a half to two per
cent premium. -* y
[COMMUMICATSD. j m ‘
Pnblic Meeting.
A portion of the citizens of Cherokee cofcnty, ir
respective of parties, met at Canton, on the 2nd
inst., for the purpose of expressing an opinion with
regard to the present system of banking in Geor
gia, and Gov. Brown’s veto message on the bank
bill.
On motion, Gen. L. Halcomb was called to tike
Chair, and Benj. F. King, Esq., requested to act as
Secretary.
On motion, F. M. Cowin, W. R. D. Moss, J. B.
Kelljr, James McKinney and J. W. Stevens yPere
appointed a committee to draft resolutions for the
meeting, who reported as follows:
Resolved, That our present banking system,
which enables the banks to control the country,
and at their pleasure, by combination, to put up or
Cut down the price of every species of property,
ringing upon the people the most runious sacrifi
ces attended with the greatest suffering and distress,
building up a proud aristocracy of wealth at the
expense of the industry of the country, is unjust
and unequal, and ought either to be abolished or so
radically changed and modified as to prevent in
the future the evils with which the system is now
afflicting the country.
Resolved, That those banks in this State which
have suspended specie payment and so continued
after the New York bankshave resumed, are,in the
language of Got. Brown, guilty of a “high commer
cial, moral and legal crime ; ” that they are no
longer entitled to the confidence of the people, but
deserve their unqualified condemnation.
Resolved, That the act lately passed by our leg
islature, known as the “Bank suspension act,” is
wrong in principle and unwise in policy; it is a
surrender of the rights of the people, placing them
at the mercy of the monied monopolies of the
State; it establishes the unfortunate precedent
which permits the rich and powerful to disregard
the law and trample it under foot, as their interests
or their pleasure may dictate.
Resolved, That the thanks of this meeting are
due, and are hereby tendered, to Gov. Brown for
his Jackson-like firmness and decision of char
acter in appending his veto to the bank suspen
sion bill; his message is an able and conclusive
argument, which entitles him to the thanks of every
Georgian and places him far beyond the calumny
of the editors of certain city presses who hare been
driven to the miserable subterfuge of attempting
to meet truth with ridicule, and argument with
personal abuse.
Resolved, That the Administration of Gov.
Brown meets our hearty approval and commands
our unqualified support. We are proud of him as
onr fellow-citizen and as the fearless and faithful
Executive of our great State: while he is at the
helm we have no fears for the ship of State. He
has already shown that he will stand by the rights
of the people and protect the Constitution, without
stopping to count the cost to himself, which enti
tles him to the plaudit of “ well done thou good
and faithful servant.”
Resolved, That the thanks of this meeting are
hereby tendered to Col. Lawson Fields, our Sena
tor, and Joshua Roberts and W. W. Worljr, onr
Representatives, for their firmness and patriotism
in the discharge of their duties, and in standing
with the Executive on the side of right, and voting
against bank suspensions.
Resolved , That the conduct of the banks since
the suspension act was passed, in having raised
the price of Exchange from oue to three or four
per cent, and in their refusal to grant any relief to
the people by discount or otherwise, is a palpable
violation of the repeated pledges which they made
to those members of the legislature who voted for
the suspension act on account of the promise of
the banks to extend relief if the bill should pass,
and show* that the banks have even betrayed the
confidence of those who acted as their best friends.
Resolved, That our Senator and Representatives
are requested, at the next session of the legisla
ture, to vote for all restrictions which can be
thrown around the banks, (without a violation of
their constitutional rights under their charters)
which will tend to protect the people in future
against the evils of the system, and to prevent fu
ture bank suspensions, including such penal en
actments against bank officers as may be necessary
to enforce obedience to the laws.
Tlie resolutions were unanimously adopted.
On motion it was resolved that the proceedings of
the meeting be published in the “ Constitutional
ist” Federal Union, and Atlanta Intelligencer and
Kcetminer.
I*. Halcomb, Chairman,
Benj. F. Kino, Secnctery.
Canton, Ga., Feb. 2d, 1858.
From the MUkdgeville Recorder. . • .
T - tit.* tk3»
, i We re-publisb to-day from the Augusta Co >*titfr
i ] *Cionali*t an able article under the signature of
('“Richmond,” in discussion of the bank and veto
i j question. We are eorry to see a disposition mani
* ; testing itself in some sections to make a part?
* question of it. This should not be suffered, at
- though the law for the relief of the banks was
! passed over the Governor’s veto by a Democratic
legislature. The question alike involves the in
• terest of every citizen in the State, and it should
f be discussed dispassionately and irrespective of
i any political bearing. “Richmond” certainly
i furnishes some important facts which will be now
- and instructive, (as the O/netitutionaßet BHJI,) 44 :o
the general reader.” They may be relied upon, it
. adds, 44 as strictly accurate, having been verified
[ by careful inquiry in the proper quarters.”
’The banking system, in its details, m net, we,np
. prebend, generally understood. Hence erroneous
impressions are formed and too frequentl}* preju
dices engendered in the public mind against it.
That it has in some casas been made the medium .
of swindling, c.b any other business might be, there
is no doubt. Hut that this is the legitimate ten
dency, or that it should operate to the prejudice of
bank’s honestly managed, we think an ungenerous
conclusion. Let one cast his eye for a moment
over the country. Out of the multitude of banks,
where do yoc find any overgrown fortunes made
from their dividends? On the contrary, take a se
ries of years in succession, few stockholders realise,
as profit, more than the legal per centage allowed
in the different States. So true is this, that men
ambitious to be rich jump over bank investments
and eagerly grasp other stocks, the rapid rise of
which give them more room for speculation and
hasty gains. As a class, in our estimation, bank
• ing men are more moderate in their expectations
and are better disciples of “Poor Richard”—“slow
i and sure ’’—than any class of stock holders we are
acquainted-with.
P. S.—ln proof of the correctness of our views
as given abeve, we clip the following from ike last
Georgia Citissen , which lias, since they were penned,
attracted our attention:
“ The Htate Bank has fifteen thousand shares
of stock, of which five thousand five hundred and
thirty-four ah ares, (more than one-third) are owned
as follows
i By seventy ladies, mostly widows,... .2.338
“ Legatees of Estates, widows
44 ana orphans 1 ,550
44 Academies, Free Schools Ac.,... 1,107
Total by ftiiil class 5,6£4
“ Anothor large portion of the bidance is owned
by men of small means, who have managed, by
. industry and economy, to save a few hundred dol
lars which they have thus invested for safe keeping
aud the lawful interest.”
We are happy to see it stated by ■“ Richmond,”
that iho Savannah banks have proposed to the
Charleston and Augusta banks to resume specie
payment on theiirst of June next. This, we pre
sume, will be acceded to, aud result in a general
resumption by - that time,
j
Distinguished Heaths Abroad.-— The Arabia
brings news of the deaths of several persons who
-Lave held conspioaous positions iu Europe—
• Frederick William Louis, Grand Duke -of Baden,
died on the 21st of January. lie was born Sep
tember 20th, 1626, succeeded as regent is place of
hi€vbrother Louie, April 24th, 1852, and was cre
ated Grand Duke by patent, September sth, 185#.
His wife is a daughter of the Prince of Prussia,
and sister of the husband of the Princes Royal of
Englavd. He will be succeeded bv his ;nfant
son, bam in 1857, but probably the Grand Duch
ess, bis widow, will be regent. The late Duke
was not %\ remarkable man in auy respect.
William Spencer Cavendish, sixth Duke of
Devonshire, died at Hardwuoke Hall, Derbyshire,
on the 17th of January, aged stcty-eight years. He
has been .well,known as one of the wealthiest of Eng
lish nobleman, the lord of Chataworth and other
estates that were fit to be residences for royalty.
He was well known as a liberal patron of the art* 1
and of literature, but was not in other qualities
worthy of special estimation. He died unmarried, *
and is succeeded by his cousin, Wißiam Caven- <
dish, Earl of Burlington. i
On Friday, January 22cL while the preparations i
of the royal marriage in St. James’ raJace were 1
going on, the Marchioness of Westmeath, who
occupied apartments in the Palace, adjoining the t
Royal Chapel, where the ceremony was to be pt*r- i
formed, died, and the signs of mourning were 1
exhibited at the moment that th* nuptial arrauge i
ments were making. These deaths had cast a n
gloom over the courtly circles in the midst of ti*.* j «
wedding festivities. , l c
The Bombardment of Canton*
A correspondent of the New York Te&une, writ
ing from Hong Kong under date of Nov. 26th,
gives an interesting detail of the preparations for
the bombardment of Canton:
A proclamation has been printed in Chinese
character, the contents of which are not public,
but from one conversant with the matter, I learn
that its intent is to warn all well disposed Chinese
to leave the city within a certain time, and take
their property with them so far as it can be done.
Whatever may be said of the war, it must be
admitted that Admiral Seymour has, in all its his
tory, shown himself merciful as well as prompt;
and it is to be hoped that this proclamation will
afford the means of escape to many, and cause the
devastation to fall upon those who’deserve it.
From an officer of the fleet, I learn that in the
course of two days the gun-boat flotilla will take
position encircling the water front of the city, at
a distance of five hundred or six hundred yards
each from the other. Then the proclamation will
be freely circulated within the city, and the pre
scribed time be allowed to elapse.
If no proposals for a peaceable surrender are re
ceived in the meantime, there will open upon the
devoted city such a storm of rockets, shot and
shell as never entered the heart of a Chinaman to
conceive. Each of the gunboats carries one ten
inch shell-gun aft, and one thirty-two pounder
forward; and as the crews are picked men and
well trained at the guns, their Are is both rapid
and effective. Most of the larger steamers can
also take up position within shell range, and will
take part in the bombardment.
That the French forces will co-operate with the
English, is a generally understood fact; but it is
equal!? understood that this co-operation will not
extend to a combined attack upon the city. Half
moral effect of the capture would be destroyed
by such joint attack. It has been the boast of the
Chinese ever since the ransom of the city at the
close of the last war, “ Englishmen no can catchee
Canton.” Hence the necessity that Englishmen
alone should take Canton without the aid of any
other power. The French fleet, therefore, will
probably take up position at, or near Whampoa,
near enough to the scene of action to show their
approbation, but not participating in the attack.
Major Gen. Ashburoham, the Commander-in
chief of the land forces in China, has gone hence
to Calcutta, the object being to give the whole
charge of the campaign into the hands of the Ad
miral. The French fleet numbers twelve vessels,
all steamers.
The American fleet is in this port, the Levant
having been lying here three or four months. The
Portsmouth, Minnesota and San Jacinto have ar
rived within the last four weeks. What they are
here for, is a matter of some surmise. Mr. Reed
has had sundry colloquies with the French Ambas
sador, and in tact there seems no end of quiet con
sultations and complimentary visitings; but as for
a«y sign by which your correspondent can even
guiess at what is going on, there is none.
Meanwhile the local press, while strenuously as
serting that the assistance is quite unnecessary,
insist that it is shameful that the United States
ahou'd uot make common cause with the English
and French, sharing with them in the burden of the
war, as they certainly will claim to share the bene
fits resulting from it*. There is really some ascer
of feeling upon this point—none the less
fctroug in the higher circles, because politeness re
strains the expression of it. It is not forgotten
that while England was, during the last was, shak
ing the tree, the United States were pocketing the
apples; and it was to prevent a like division of la
bor that the blockade of the river was so promptly
j announced and so strictly enforced. Mr. Reed will
have scope for all his good nature, and all his com
mon sense, too, if he manages to keep among the
belligerents and yet be not of them.
But what of Canton itself?—you will ask. How
looks the doomed city?
Your correspondent has just conversed with an
intelligent Chinaman (a term usually synonymous
with a great rogue,; who left Canton only two
days since. He says that confusion and discord
reign within the city, and that the recent acts of
Gov. Yek have rendered him exceedingly unpopu
lar. To replace the great number of boats destroy
ed by the Eagligh forces in the engagement of
Fatshan,jhe wusooliged to take the fast boats belong
ing to private individuals; aud in the pressure of
other affairs his Excellency forgot to pay for them,
or even to take out and give to the owners the car
goes contained in the boats. Os course the pro
ceeding is distasteful to the loosen, and they are
clamorous for redress. My Chinaman estimates
the force of “Canton braves,” as they are termed,
at not more than three thousand, the greater por
tion of them being withdrawn to hold in check a
rebel army, ucJr within fifty mil** of
.| • ...iron. From ah appearances, the man’s estimate
f not far from correct. In addition to these, how
> f ever, there are within the city the Mantchous and
. 1 tiaunermen, who never leave the city for any pur
t pose, put who are sworn to live and to die with it.
. A missionary friend of many years residence in
s China, and perfectly good authority, says that
. should the city be taken, these warriors will cut
. their own throats before they will either desert the
| city or yield ft> the invaders. Their number is va
f riously estimated ut from four to eight thousand
men, and they are doubtless the flower of the
Chinese army. The rebel force is gradually hem
, ming in the city and province from the interior,
eager to avenge the cruel slaughter perpetrated
upon them by the Chinese three yqars ago. The
blood of more than sixty thousand rebels, oxecu
. ted by order of this same Canton Governor Yek,
calls loudly for revenge; and so surely as the Can
tonese ere driven from their strongholds, back
upon the rebels, the latter will take fearful revenge
for the tortures and death inflicted upon their less
| TfflHunoto predecessors. Should the city yield with
. out a struggle, and throw itself upon the pro
f tent ion of the English, there will be quite a compli
( cated affair—for, doubtless, tU6English force must
i then bold the rebels in check, and thus come into
eollisten with what will doubtless ere long be the
. ruling power in China.
Frori the advance *cHadron—a part of which is
leas than a mile from the ciiy—-we learn that every
[ ' thing quiet within it, and that there seem
, to be no preparations for defense. The square fort
, which overlooks the city from the North (and
p which the English captured during the last war) is
[ evidently well maimed, and, so far as Chinese
means go, well armed. There is also another fort
. command ing the water front of the city, which will
r jjiobftbly be taken before the gun-boats take up
. tiwirposition. It is currently reported among the
Chinese that the inner city is completely mined,
5 and that the English troops will be sent up like
i skyrockets. If the city is really mined, there is
buke doubt but that the bombardment and conse
’ quant conflagration will explode everything cxplo
. dable long before the landing force enters the city.
[ Ti»e doom of Canton is sealed —its prestige soon to
| be lost, and the province which for more than a
thousand years has held the palm for bravery and
, desperate lighting, although the last to yield to
foreign encroachment, must admit the hated bar
f baciacs within its limits.
The same correspondent gives the following de
14triptkm of *
the assassinators’ bombs.
bombs or hand grenades made use of by the
conspirator* of the U*ae Lepelletitr were of the
ia■: .£t perfect and destructive character ever invent
ed. They are very many more times powerful than
those made use oi iu the Crimea, which at the time
irqis claimed to be the most powerful in existence.
Ouc of the bombs used iu the late attempt was
u':d oq the ground in front of the Grand Opera,
•ini near it a revolver, and one w<»s found, as al
ready mentioned, oa the person of Fierri. These
jmve been examined by two of the best armorers
cf Farirf, Messrs. Dcvisme and Caron, and by sev
eral army officers. From the report of these gen
tlemen l am enabled to give a correct description
of these terrible engines of destruction.
They are entirely new in their model. They are
hollow, are made of turned steel, and filled w’ith a
1 powder that had not yet been tested at the mo
ment of making the report, but which is supposed
to be fulminating mercury, the most powerful of
all explosive materials. To form an idea of these
projectiles, imagine a cylinder lour and a half
inches long by two and a quarter in diameter, and
terminated at each of its extremities by a spheri
cal cap or calotte. One of these calottes is armed
with twenty-five chimneys, disposed divergently,
adjusted with a screw, and covered each one with
a fluted percussion cap, similar to those in ordina
ry use for guns and pistols. The shock on these
caps against the pavement conveys the fire to the
interior of the bomb. The cylinder, for some rea
son not very clear, was covered with a light en
-1 Telope resembling bronze.
In examining the calott* which covered the oth
er exrremity of the bomb, it was found that the
envelope was formed of two parts, and that at
about an inch from its extremity, a part of the cyl
inder could be removed, which acta by friction on '
the first. There is no doubt that the inventors of
his terrible machine wished to avoid, in filling it,
the direct screwing of the two parts one on the 1
Other, and the horrible explosion which might
have resulted therefrom. So that, in all probubil- <
ity, the part of Ihe cylinder til lea with the fultni* ,
noting powder is dosed by means of a cover p lac3o <
•L-Spiy m a cove. The outside cap is then adjusted j
on thin cover, and recovers it, while a strong steel * i
screw, the head of which is two-thirds of an inch
. in diameter, appears on the outside, presses on
this last cover and closes the bomb bermetricalJy.
• An examination of pieces of the bursted bombs
r shows that in the part where the chimneys were
placed, the cylinder had a thickness of three qoar
} ters of an inch. It is probable that the upper part,
on the contrary, is very much thinner. This, in-
I deed, would be necessary in order that the part
» which contains the chimneys and percussion caps,
» by being heaviest, should strike the pavement
first, and thus determine the explosion,
j The fearful effects produced by these bombs ex
. elude the idea that their interior is filled with or
: dinary powder. The explosive matter is almost
i certainly fulminate de mercure, a substance of
. which the projectile force is at least fifty times
more powerful than ordinary powder. It is
> substance that is used to charge percussion caps,
. and its terrible power may be judged when we
: say that a pound of it suffices to charge twenty
\ thousand infantry caps.
[ It is probable that the effects of these bombs
. would have been more disastrous if there had been
a larger proportion of metal to the powder, for a
. very considerable proportion of each bomb was
5 blown into fine atoms like grams of sand. One
l girl who had two or three tolerable severe wounds,
) received in her dress more than a hundred fine
i particles that had not force enough to penetrate to
• the skin. The 9ide of the Emperor's carriage has
l twenty-three holes and abrasions frona the Domb
1 that burst at the side, on the under surface of the
i marquise, on the front of the theatre, and on the
l houses opposite, you may count five hundred holes
and abrasions. In a large pane of glass in the
s case Itossini, a considerable distance from the point
i of explosion, a small fragment has passed through,
t leaving a round and clean orifice which is just
f large enough to admit a finger.
1 The public were evidently wrong in supposing
; that the bombs were charged with balls ana nails,
j The noise from the explosions was perfectly ter
-3 rifle, in view of the size of the bombs, and there
i is every reason to believe that the amount of metal
ir was badly proportioned to the enormous explosive
1 force ol the interior.
From the Liverpool Timee.
Government Debt to the Bank of Eng
land.
The Bank of England was incorporated in 1694.
Its charter is dated 27th July in that year. The
object had in view iu its establishment was
the rendering of pecuniary assistance b to the
government. The subscriptions of the original
shareholders amounted to £1,200,000, the whole of
which was lent to the government at eight per
cent, interest and £4,000 per annum for manage
ment. This debt was redeemable after Ist August,
1705, after giving twelve months* notice; but it
has continued till the present day, with many
additions, and constitutes one of the principal dif
ficulties with which the government has to deal in
legislating for the Bank of England. The entire
debt of the government to the bank now amounts
to £11,015,100 ; and it may be interesting to know
the items of which it consists. First, then, in
16D4, the debt started with the sum already named,
£1,200,000. In 1708, £400,000 more was advanced
to the government without interest—a further
bribe for its good offices; and the same year the
bank bore the cost of canceling £1,775,027 17a.
lOd. of Exchequer bills ; ditto in 1717, £2,000,000.
The largest loan—so far—granted took place in
172*2, when the bank advanced £4,000,000 to pay
off the South Sea stockholders. Up to that date
the total obligations of the government to
the bank amounted to £9,375,027, 17s. . lftd.,
towards which was paid out of the sinking
fund, in 1727-28, £1,775,027 17s. 10d., leav
ing a balance against the government of
£7,600,000. In 17*28 the bank advanced a
further sum of £1,750,000 on the security of
duties, and £1,250,000 on the security of lotteries,
raising the debt to
was paid out of the sinking fund towards liquida
tion, and in 1738 a further sum of £I,OO0 —reduc-
ing the amount of obligations to £9,100,000. In
1742 a sum of £1,600,000 was advanced without
interest. In 1746 Exchequer bills were cancelled
to the value of £986,800; and in 1816 £8,000,000
the last loan from the bank to the government —
was advanced at three per cent., making the en
tire debt at that date £14,686,800. In 1835 gov
ernment transferred to the bank reduced three per
, cent, consols to the value of £3,671,700 thereby
■ wiping off one-fourth of the debt, which has since
■ stood at the same figure, £11,015,100. If to this
; standing debt we add “other securities,” amount
i ing to £3,459,900, we have a total of £14,475,000,
, against which the” bank is empowered to issue
- notes without the security of bnllion. According
a to the act of 1844, the bullion in the issue depart
s mrattof the h-*k, add«A to fche ab*>ve turn* r usl
e always covet the whole of its note Circulation
’- Thus the government debt to the bank necessarily
1 enters deeply into any question concerning arc
- peal or revision of the bank charter, since, as
. matters stand, the bank is pretty largely a national
i creditor. It deserve* To be considered whether
t the nation ought to be under any such pecuniary
t obligations to any corporation, and whether it
3 would not be advisable to clear the way for legis
lation by paying off the debt.
From the Baltimore Sun, Feb. 11.
Thirty-Fifth Congress—First Session.
Washington, Feb. lo.— Senate.— Mr. Harlan
presented the credentials of Mr. Grimes, the new
Senator from lowa.
Mr. Douglas attempted to bring up his Kansas
resolution.
Mr. Davis objected, and called for the yeas and
nays.
Mr. Douglas proceeded to give his reasons why
the resolution should be considered now.
Mr. Davis objected to any discussion of the mer
, its of the question, when Mr. Douglass “fired up,”
claiming the right to discuss from the practice of
| the Senate in other cases. He proceeded by refer
, ing to the fraudulent election in Kansas, and claim
ed the right of Senators to demand an immediate
investigation as to facts.
Mr. Mason and Mr. Davis called him to order
, several times, but the chair permitted Mr. Douglas
to proceed. Ue continued, saying that “he pledged
himself if the Senators from Virginia and Missis
, sippi would guarantee that hereafter the Kansas
| question should not be pressed upon him until he
got the required facts—”
Mr. Mason, interrupting—“ The resolutions shall
never pass by any aid of mine.”
Mr. Douglas—“ That’s frank.” lie then pro
ceeded, when Mr. Mason again objecting, Mr.
Douglas called for the yeas and nays.
The vote being taken, the objection of Mr. Da
vis was sustained—yeas 23, nays 24. The absen
, tees were Messrs. Allen, Bates, Brown, Clark, Clay,
Fitch, Green, Hunter of Arkansas, Johnson,
Pearce, Reid of Kentucky, Thomson of New Jer
sey, Thompson and Wright.
The army bill was then debated by Messrs. Ma
son Davis.
Mr. Foote submitted an order for the committee
on the library to report a plan for the accommoda
tion of reporters, other than those for the Congres
sional Globe, in the Eastern gallery.
Mr. Toombs objected. He said he did not think
there ought to be any such persons in the gallery
at all. Laid over.
The army bill was discussed for two or’ three
hours by Messrs. Crittenden, Davis, Houston, Hale
and others, but without taking the question, the
Senate adjourned.
Hocse. —The consideration of the bfll amenda
tory of the act for the safety of passengers on
board of vessels propelled in whole or in part by
steam, was resumed.
Mr. Miles Taylor advocated additional provis
ions to carry out the present law, which in many
respects is inoperative.
Mr. John Cochrane explained the provisions of
the bill.
Mr. Clarke of New York, opposed several of the
features of the measure, and wanted further time
to examine a measure of this important character.
Mr. Letcher regarded the bill as violative of the
Constitution, as it proposed to interfere with rights
of the States and to interfere with the private busi
ness of freighting.
The House adjourned.
The Veto of the Bank Bill.
The Bainbridge Argus of the 10th inst., thus
refers to a recent communication in this paper:
A writer in the Augusta ConstUulionalvft over
the signature of Richmond, exposes the inaccu
racies of the Governor’s bank veto message
with such grace and kindness that, while he com
pletely demolishes the grave document in question,
does not array the reader in hostile attitude against
the inconsiderate but honest incumbent of the Ex
ecutive chair. But for its great length we would
give Richmond’s article a place in our columns.
Our opinion is, he would make quiet a passable
Governor himself!
Albany, Feb. 10.—The State assembly, by a vote
of seventy-seven against twenty-one, have invited
Hon. F. P. Stanton to speak in the Legislative
chamber next Saturday, on Kansas affairs.
Bbdfoiiji, Pa., Feb. 9. —The Democracy of this
county have held a mass meeting and adopted
string resolutions sustaining the National and
State Administrations.
COMMERCIAL,.
S3T The New York Cotton brokers In their recent elrculart
tor Europe, seem to have reduced their estimates for the Cot
ton crop of last year. W»oht’s last circular says there is a
disposition in New York “to come down somewhat." This
language is evidently intended by Mr. Wkioht to prepare the
way for him to ease down from his great confidence In the ex
tent of the crop being over 8, 000,000 bates.
RECEIPTS OF COTTON.
1857-*B. ItK-T
New Orleans. Feb. 5 885,346 1,052.79#
Mobile, Feb. 6 296,576 S*M9 B4
Texas, Jan. 30 63,379 51,011
Florida, Jan. 29 85,608 74.033
Charleston, Feb. 4 157.424 257,481
Savannah. Feb. 9. 180,939 333,716
North Carolina, Jan. 30... 4,961 11,853
Virginia, Dec. 1 2,800
1,573,427 1073,961
Wi*Xi
Decrease in receipts 600,642
SAVANNAH, Feb. 9—4 market has
been animated, and the brisk enquiry resulted In salts of 1,765
bales, at uncharged prices. The particulars of the day’s
transactions are as follows: 3at 8*: 12 at S* : 14 at 9% ;4 at
9*; 10at9*: S 5 at It; 1# at 10*; 44 at Id*; 160 at 10*;
273 at 10*; 115 at 11; 37 at 11 1-16 : 873 at 11 8-16; 213 at
11* ; 213 at 11*: and 204 bales at 11*. We renew our quo
tations of yesterday:
Low Middling 10*® 10*
Middling...... lt*®lo*
Strict Middling lo*@ll—
Good Middling. 11 Va.ll*
Middling Fair 4 11*® 11*
STATE*EXT OFOOTTOX.
Stock on hand Sept. 1,1857 bales.. . 1,6*2
Received since,.... «».
Received to-day , 811—125,5.>6
136,598
Exports since Sept. 1,1357 t1,T68
Exports to-day Me'*
Stock on hantfand on shipboard not cleared 34,800
SAVANNAH, Feb. 13.-Co#ow.—Arrived, since the 4th
lost., 9,322 bales Upland and 696 do itea Island. Tlie airports
for the same period amount to 5,658 bales Upland and 899 do.
.Sea Island—leaving on band and on shipboard, not cleared, a
stock of 36,723 bales Upland, and 3,978 do. Sea Island, against
43,713 bales Upland, and 8,456 do. Sea Island, at the same time
By a comparison of our quotations last week, with those we
offer to-day, it will be seen that the advance lor the week has
been l*c. V ft. V
rms sin. *ast wan.
Inferior to Ordinary 5 @9* @
Low Middling 11 @ll* 10 @
Middling U*@ll* 19*® ~
Good Middling 12 @ lo*@
Middling Fair 12*@ lo*@
Fair 13*@ U (d -
The sales of the week foot up 6,494 bales.
Rice We have a brisk enquiry to report, and an advance
of 3-16 c. The sales of the week foot 1,050 casks at extremes
ranging from 2* to 3*c.
Corn, —A sale was made from wharf at 75c.; from
quote at retail 80@85c. Stock light. Receipts of the week
3.528 bushels. .. „
Oats.— A lot of Oats sold at 58c.; at retail we quote at 60®
Northern has been sold from wharf at 30c. No
Eastern arrived. _ . _ . . ...
Lard. —Small business doing In Lard. We quote In bbls.
1 'iiaZC—l-Vuilng in lots from wharf at Goc.: stock very large.
A cargo of Cuba was sold at 20c. from wharf.
Bacon.— A moderate demand has existed during the wee*,
and -ales of Ribbed Sides were made at 19@10*; Clear at
11c.: and Shoulders at 9@9*c. _ _ . . .
Lime. —With a good stock, we quote 90c-@sl r bbl., ac
cording to quantity.
Guano —Selling from store at 43 50 # 100 lbs.
Potatoes— Have arrived freely since our last report, and
sales from wharf been made at |3 75@f3 00. trout store we
1 jiawir, very much neglected. Wc quote Gun
ny in bales 12*& 13c.; in rolls lo@llc.
Rrn.e.— There is but little demand for Rope. » e quote
ham: spun to machine make S@llc. . .
It Wes—Continue in good request. We quote Flint at 9c.
CHARLESTON, Feb. 9.-Co«ofi.-Thcre was a very gocl
demand for this article to-dav, which resulied in the sale of up
ward* of 2,800 bales. Prices have further advanced *@*C.
The Good Middling and Middling Fair qualities at the close of
business was valued at U*@l2e. We subjoin the particulars
of the day’s transactions, viz : 10 bales at ; 21 at 9; 36 at
9*; 154 at 9* ; 183 at 10: 3# at 10* ;78 at 10* : 246 «t 10*;
:i; at 10* ;7 at 10* ; 341 at 11; 127 at 11* ;30at 11 5-16 ; 2jj7
at 11* : 353 at 11*; 31 at 11*; 454 at 11*; 85 at 11* ; and
400 bales at 12c.
COLUMBUS, Feb. 10.—Cotton.—Out market Is still im
proving. We haVe to report a further advance of *c. on
Good Middlings. The demand continues unabated. The re
ceipts yesterday were 52S bales—l.o9o bales sold at 9* t#
10*c. Middling Fair to Fair we quote at lie.
MACON, Feb. B.— Cotton.— The Arabia’s news ban impart
i ed groat activity to our market to-day, bales are heavy—
. i buvi-rs eager ana holders willing to go Into market. W e uote
I an advance of half cent on ail descriptions, and quote 8* to
’ 10* extremes. One choice lot has gout beyond the latter
- figure. _
P MONTGOMERY, Feb. market, under the
„ influence ol the Arabia’s news, has advanced *c. Very little
» offering. A choice lot of Cott >n would command 11c.
e gfr
s SAVANNAH, Feb. 10—4 P. M.— Cotton.—' The enquiry
t- was not so brisk to-day, though a fair enquiry existed. \N e ro
> port sales of 857 halc.-s at the following particulars: 30 at 9* ;
* 4at 10; 51 Jit 10* :33 at 10* ;14at 10 13-16 ; 51 at 11 : 103 at
e 11 1-10; 39 at 11* ;43 at li* : 225 at 11* ;81atH% i*l fit
g 11 * : and bates st 12 cents. Mr e have never *em *o much
t- diversity of opinion regard!u*c quotations; those we offer to
day «re between the highest and lowest views entertained by
'* Tlir w*ws ny the Indian arrived after the close of
d. • business—'the effect, therefore, remains to be seen.
[ v I qvoTATioxs;
8 Strict Middling 11 *@ll *
,1 I Good Middling 11*®11*
" J Middling Fair 11*®12-1
‘ I BTATEIfEXT OF COTTON.
T Stock on hand Sept. 1.1857 bales.. 1,063
t Received since 125,536
Received to-day .... 1,150—126,656
137,748
Expertsslnce Sept. 1, ljijJ7 91,768
Exports to day..., 306 92,073
Stock on hind and on shipboard not cleared. 35,675
1 CHARLESTON, Feb. 16.— Cotton.—We Lave again to rc
r >ort a very good business In this article, andto add that prices
continue to role in favor of sellers. The transactions prioi
to the arrival of the steamer Indian, v ere made at full rates;
* but those subsequently, which, however, were limited, were at
an advance of a fall *c. We subjoin the particulars of sale,
i viz : 6 bales at 10* ;89 at 10* ; 160 at 11; 144 at 11* ;97 at
1 11* ; 329 ut 11* ; 108 at II*; 32 at II*; 688 ot 11* ; 179 at
11 * ; 663 at 12; and 60 bales at lt*c.
COLUMBUS, Feb. 11.— Colton.— Our market closed yester
day very much excited under the news by the Indian. Quite
a number of bales changed hands In a few hmtTS time, at
S rices ranging from 9\ to 10& cents. Towards the doro of
.e dav holders were refusing the latter figure for strictly good
middlings, and asking an advance of Xc. There Is but attic
donbt hut buyer* will concede the #c., and good middling*
will go to 11 cents. The receipts yesterday were 507 hales.
1,500 b les were sold-
ATLANI'A, Feb. 11.— Cotton. —The iate rise In the price of
cotton seems tr» have had the right sort of effect upon our coun
try friends. Yesterday there was probably more cotton
brought Into the city than In any one day fn tJ:* last three
mouths. The state ot depression which has existed for *om«
time, seems altogether gone, and there was a lively feeling
both among sellers ; and buyers. Prices ranged from Bto lOfcc.
MONTGOMERY, Feb. 10.— Cotton. —There was a good
demand yesterday, at a further advance of an t£c., buyers
hiking all that was offered. The sales comprise 1015 bales.
We quote middlings 10><, strict middlings lo*. and good mid
dlings 11 cents.
The followlngstatcmentshowsthercceints, shipments, and
stock of Cotton on hand in Montgomery tnis season to date,
as conj pared with the last season at the same time:
~ , . , 1857. ISSS.
No. of bales received .54,965 53,152
Do. do. shipped 43,444 84,026
Stock on hand FebriO 11,521 19,126
NEW ORLEANS, Feb. 9— Cotton.-4hit9 of cotton tonlay,
7,000 bales—advanced K cent, since steamer Arabia’s arrival—
10*@ 1 le. P.eceipts less than last year 175,500 bales. Receipts
at all southern ports less than last year 611,500. Stock In New
Orleans 354.000 boles. Molasses 22c. Flour 04 40. Red Wheat
st(gsl Mixed Corn 50c. Mess Pork, western, #ls 25<!i
sls 60. Shoulders 6Lc. llams7c. Sides 7We. Lard In bar
rela 9c. Rio Coffee advanced >£c.—prime lO^e.—held at 11c.
Stock on hand 37,000 bag*. Freights stitt'er—on cotton to
Liverpool To Havre lc.
BOSTON. Feb. 7.—The following are the foreign Imports at
this port for the week ending Feb. 5: Dyewoods, #152,568;
linseed, $21,917; gunnies, *54.940; hides. *20,959 ; coffee, #17,-
295; sugar. SK>,2.SB; other articles, sl23,oß2—total. $402,099;
corresponding week of 1857, #799,s39—decrease, $•'!%,!80.
LIVJCR POOL, Jan. 23.—Cof/on.—Reduced estimates of the
I Incoming American crop—very small shipments advised thence
. —the moderate supply of Cotton now at sea for this country—
the prospect for increasing ease In the money market—and a
large demand from spinners, induced by the slightly improved
■ state of the Manthest r market—have all combined this week,
, notwithstanding the serious decline in price advised per Persia,
to Impart a strong and upward tendency to our Cotton market,
and caused holders to become daily le&> willing sellers. Buyers
II consequently have had the feeling of the market throughout
the week against them, and to-day are compelled to pay an ad
vance of fcd. to Hd. V ». In American, in Rnndl, and
fully '■¥ ft. in Surat upon the quotation® of Friday last,
tne' market dosing very firm at the advance, as although
the Bank of England nave not reduced the rate of dis
count to 4 IP cent., as generally anticipated. the almost cer
tainty that such will be the case at an early date, and the
moderate stocks of Cotton presumed to be held by splor.em,
induces not only holders to become more expectant In their
demands but leads to increased investments on the part oi
speculators. The estimated quantity at sea of Ameri
can Coeton for this country is 63,000 bales, against 70.000 bales
last year; and of East India Cotton 68,000 bales, against 127,-
000 bales at the same period last year. The sales to-day are
8,000 bales. 2.500 on speculation and for export. The total
sales this week are 07,330 bales, of which speculators have
taken 9,510 American, 170 Maranlnan, and 5,610 Surat; ex
porters, 2,710 American, 350 Pemam. 100 Maranham. 20 Egyp
tian. and 980 Surat; thus leaving 47,870 hales of all kinds t®
the trade.
The authorised quotations are as follows—
Fair— Boweds, 6 18-16 d.; Mobile,* IMfid.: New Orleans, 7d.
Tne improvement In the manufacturing districts has hardly
progressed so satisfactorily a® was anticipated : still there is no
raUlng off. and our advices thence are of a hopeful character
for the future. The transactions in the Manchester market
have increased since last week, and the nrioe® obtained have
been rather fuller, particularly r*r export Yams. Operatioci
by India and China buyers continue to be made to a fair ex
tent. The Germans also are beginning to do more business,
while the demand for hard-twisted Yams for the Levant and
the Mediterranean is on the increase. The home trade de
mand likewise shows improvement. The rapid advance in the
price of Cotton has somewhat checked the onward progress Iri
this market, hut has iu no way broken its healthful character.
There is a greater degree of commercial confidence experienced
at Leeds than has lately prevailed, and the satisfactory state of
things noted laet week nas increased and continues t» extend.
At Bradford, however,trade is still In a state of depression;
while Halifax advices describe business there as almost as
stagnant as ever—the improvement which had begun to be ap
parent be ing very much checked. The late failures lu the dis
trict are tellies heavily qpou the trade, the aumlw of person®
who have suffered being very great, and - confidence st-dir.
mains a good deal shaken. The HuddersWlti market haw
jSHghtly improved»-but at Rochdale there 1 jHttle doing.