The New York Herald Newspaper, October 24, 1857, Page 2

N gatiiz rf iu Ry2eg4 NEW YORK HERALD, SATURDAY, OCTOBER 24, 1857. — ae | ground tha} still higher rates will prevail! ectupa favovery quater yesterday, iacluding the Dank ite if, there was a very heavy demand for acoomm? dation a’ We advanced rates In Lombard street ooly the Dest dills conld be disscauted ot 6 per Tits satisfec tory to remark thai no more g sid. ras withdrawn fron tho bapk See exportation; but this may be partiy owing to the arrival of pply of the precious moval vis re Oxpresod that may take olace anc we have reason to know that some of the te gedepoe Rane: eiveady 3 wrse of the Inst ten days thet any excepilovally hes’ mands wpon them would provably be met by & fariner rive tn the ee of clvoorat, F-2m ove or two fects which Dave transpire: it is infe:red that the bank sill rofuee te renew loans 03 gorermment secu | ice afver ihe re opea'ng of the transfer books. From the polcts at which wo hare (bus bri-fiy glanced 1 will be seen that there is nod of Diya pero ‘om ibe part ef the commoro al 0: atty. jotwihetanding the extent of the crash om the oth of the Atlantic, It is ho.ed thet coafideace Mi | forms the ¢rominenttop'c with ihe Gmaavionn jouraals We collet, however, frvm a careful examination of the different statements put forward, tha’ the wors is decidedly over, although -¢ may ex.¢oi @ somswhat pro‘onged pres sore inthe American morey marke! The stoppage of the Phivade:pbia and Salimore bance appears t) be the re walt cf a corcorted action between those ostabil: bmen's for metaal proiection =the obj 0: velng 9 gan me ant! ‘the bas! tm a better comition to meet ibeir epgag>- monte ‘ths hae con regarce! gerereliy at a wise = acd Mt only remeins to be eren stoppage is the rerali simply of a combination 6) me slat @ emporery pressure, or of @ more serious canse AU accounts an revoning the ener wate i Gop are de id te tp Conse quence of the org. oreiga mend. The +d-erse balance on the tot! os traie of the Btales does not exored 6 per cent amd by a circula- rioently iseued at Weabtngtom it appears that the govern mest are about to redeem a considerable portion of the ‘It te therefore tolerably clear ibat the orun- panic, it is now ascertained, or gi ep attack made by a few unprincipled sreoalaie the railway interest, au attack for wbicb the ment of certain railways apd the Condit mf rail ay fecurities afforded, it is acmitted, a Stting ocration Te operators’ watobed thotr opportunity when, at Se geenener us aly between the crops, there is more fa the movey market They theo raised the core fa bopes of creating an additional Jressure jst at the time tha: the need of tho ratl ways 0 the greatest, and of 0 getting bold os anv amount of sach aecurities at a diseoun however, tat there genilemen have one: “hematves, for the first result of the pressure they thus asvisted in creating ha: beew to apm /Dilete the Mica'gan 8 utbern. and to sus the operasions of tre celebrated Onio Life Tras peny Itwasap bic beret that these fraudol rewcerpasbonls goto the ws'! s! hongh they who produc #2) cotasty phe were soluated by very different views {yum thove of public interes: We arc told that at the me of three failure: the banks o’ New Yo & beld abvut $0,000 000 Je, ar¢ $120 000,909 of loans Te former has eiuce been inorewsed by more than $5 010,000, ani toe latter bag been dc creased nea) 0F0 0 0. while thasve- ote returns fro» California ‘cunt to $1,600,000, be- ides diebursem': te from ‘be netiopal treasury; hough againat ‘his muat be pet the $2,000,000 iost in the Central America, most of which woul. have found its way to New York. Altogether tt te the general be lef that the New York beaks are perfectly sa’e, acd that the railway foe: ing debt, representing some $30 (0,60, can mo longer 3¢ carried, bot must be fanded Ip ‘his discussions vor bs regout crisis, frequemt reference bay b:e2 made to the great comm*rota' panic of 1837, and comparieone nave been to» tiated with the object,’ apparentl7, of showing how close is the arslogy betwesn she iwoeven*, more particularly «°, curing ibe panic of twenty years ego, the Dapks at itmore and Philadeiptia aiosed, while tasse of Now York sicod firm, Whuever similarity there may be between the effeow of these two everts, thore is little Or nme as to the ca’ If we may believe the beat informed financial writers in America, and if the facts to which wo bave referred have any siguifiance, we may com: to the conclusion that the worst 8 ovr, and that confidence ell ‘son be complet ly rs sored Ove writ New York Post, asverts ‘that there 's at p ‘sy eye ion of Often hundred mi!l- coe of dollars ip of ae en to pay up debts, it " ‘wipe out lomes. mae te establish alls rongor basis fan ever”’—to 9 win abort, the oommorsial inte ‘of dtaaster.”” From the Scameate whish have reached en, wo sos uoreasta to aver. this etatemen | Oa the contrar: very piexe of relia- Infor mation seems to p int tm te hopefal direstion in ioated by the Omascial sutnorities both of Boston ant New 6 OF apecciative caterprise, and Khe extent v9 whiob tt ‘volve tre oredi; and stabiliiy of the mercantile > For fve ) cars pest the mania for rallw.y lavestments has Deen tne u'gee. values hare ben snflated, lines hav: beem con- siruded uj fe mont ruinous aysiom, and the doy of reckon sas at length omleed BB = fh have plapged them te yn ruin Unforianefely these are nxt the uly yar: oswheccifer. Whenever a suosersion of fa'l- ares Pp ther Ormssre breaght does, old ovfad- Nabed howes are [eq :ently invcived, ‘confidence is ce au oyed, and the enti-e comme syatem is, in some meavcre, raraiyred. Every bow experienced. fhe accounts brought by the Baltic to Gay re ord pe abatement of the excitement ; on the oo3 ‘rery, further casualties are reported, o\hers were ex peoted to fcllow ‘and the feilare of two banks in Philadei tated to have coourred. In New York the ‘cli kz,” by 8 vigorous sad commendable coarse of sation, elr porision to en extent that would in all molt oe I my against om >arrastment, the vory measures they were oo epeiled to adopt, a i Dave hitberto wken a sapgaive sew, ‘avd bave look sd for. ‘ward con Idently wo on early cessation of the panic, SS geperel end edn more exientive disorg «anise exopenge on Lo.don is still very low, va 06, to 107, whisk ‘Wil Bo doabt lead to remittences of golt frvm this sice. Before the outor ak he Americaus owed us 8 covsiders bie sum of money on balance. Taroughoat the car'y part of the year they imported largely, and through the fecitities afforded ly te pew tariff they order. 06 and obta’ned immeree eupplice of manafactare: on the contrary, to & —— a ‘operaiion will, no doubi, mittances Dave sito Deen made ia payment of calle on ebares held bere, and firme baving ageacies or intimate Copmections i> the Maier have o> douct forwarded a4 Prove hig)! :emumerauve Ro piles to sustain tbetr credit. Altogether, iherefore, the @isiar Dance bes enialled more serio ss cocsequence: than could bere bern imagined, and even y st ft ts impomibie to tell bow far the povition of other local Orme, and, as & correlative, of cetadishments in Live pool, an4 Lonece, ma; bs oompromises ADVAKCE OF PBB RATE OF INTEREST BY THE BANK OF ENGLAND. [From the London Horsid, Oot. 0 This meadere won bot unexpected, owing 1) the inte heary withdrawals of gold, the cafavorable ba ure of the advices from the Unised Sites anc the advance in the value cf meeey om the Continen. These comb ned cir Comet pose were calou'ated 10 {ndaoe ihe edoption of re mrtoulve measures, and twill ve if thea ‘ward mo ement does not meko farther progres The cate of the previous aeration wea the 16h of Ju & redecticn of from 6 to to 66 percent took place wicek of b Mow was 6 eadily Inereart: ¢ throwg’ the tos from Awtraiis ana America, and the p osptot of affairs ia Aber reapects was no! dircouragiog. Tee ssiious neture (he Intian revolt bee, however, siscs become more manifest, ihe reoeipte from Australia hare di minisbed, an‘ the penis, which. ormmencipg la New York, has now reschei Philadelph's and Baltimore, will, tm ail provatil-y, \ead to edal ional baking deraagement And mMereanilie dle rust To inverse the gitom am advance i the rote of dicount @t Bert Hamburg and Prankfor’ a as Heoenily vocurred, atid tt is further alleged Chat, woth roo ~ chases the ‘amount of by the prevent return, exhirac the Ceci ne was acesie by & variety of unfavorable remore cireulaod daring the later Lea of businers Faiures, both in London and the , were tated to have taken place; bur Me 4) mptoms Of reoovery © band the London Nows, Oot 9 ) opted by ine 8 tbe bank was gensrai'y aotis'patet, doubdiless oat on of the the inaiitetion war ad no alternative. Io averso tendency of jaomt and in tbe Te addisaon to |, the Bark of Amelerdan rained ite rate of Aisoo~mt from 6 par cout ) to 636 per on Wednesday the current rate was ay "eet Somewhat stogalariy, the Paris ‘movemsnt, weeks ago Bille per gent, but no * ie cone France. *\c 5% per com bromdly stated that the French ¢ verne evi have rooently arged apo the bavk Comnol the a: opton Oo monsures of vetamaniea, and to (mterforence is soribed ihe redvction of ‘the marg\a for lonne ce stoohs nes! shares. It i very probable tha} Ge apt colatore wil) not long onjyy those more exionded fectities The quevti®™ of im medivic internat ie, will the flee ix the waine of money in the London market make further progress! Upon thit potm oo one can pee Grey, bus io maay well informed quarters we 2 im ie i v8 malt tained ‘n the general stability of ou: roan! end. Lmao this, there {1 nothing Br oos arily suggestive of alarm in high ra'es of disg»ant, ax the axperlence of the lutt 0 or three you # abandan'l demonstrates. Follow. tog the movement at tne bavk toe L>m ard street dis: count houses bavo raised the rate ailiwed f BT apeyt 4 ficed api! foriher per ceat st # veu opted by the dissoant oom: joint atock ante have alt> increased the allow- porte postis from 436 to 5 par cent. [rom the London Ohronile Oo: 9.1 ‘The progress of trace during the last four years tav tes- Lifled to ine fact, that a nigh rate of interast for money \s Rot incompa ibie with commercia! p osperty. Tbe adan- dant supply of gold Rg ‘twe last few yoara bas cautota geversl iise in the price of [wall aud pro.uce. Hai it Rot beem po there must have & rotrograte move nent Inthe ralue cf gold ieel’—a resolt, however, moss un likely 00 long as a wantof the mejal existed the pre ‘va hog demand for gold, however bot, bere and — cent i esier wep bas bien Tee toral ‘consequence, raised the value of more productive The trade of Englund and other coustries we ¢ with the rive im pric # of [ariamens by which tae currenoy of the poten updie present olrcumstances, expedient or oon 0 the materia! interests of the 0° prodaaiive of bent fii to traders, are questions which "seat doubts, but which we sball not now stop to ingal regards the step taken by the Bank cirestore in Daving raised the rate of discount frem 6)5 to 6 per cot there can be Iittie doubt that they fe it not only bound ocusis exc), bot compelled by ne ess ty t2adopt redrictive Measures, for some deys past there has been treme preseure for money, both notes snd gold, pesition has naturally altered im ‘Th plications for leans and diacouats have besn bth numerces and for ap extraordinary amount in the aggierate. At the same time its power of jeuipg nctes hea Leen sensibly curtuled by large ot bullion for reshirment to the = toons there Pas thus been a Large amount of mony, both in paper and actab, tak n out, whilst nothing has gon: into the’bank tines quatier day.’ Av Fegards the presvare, there is Dot the faintest propest cf ils abate ment, but on ‘tne contrary 9 Bence the directors ra\sod the rae of discount. we most regret tha’ the laws whioh re. gulste the currency sbouli coat ast the c'rculation «hea +n extension is most wavted Yost it must ve disinoily Undevtood tbat we do pot aivooxte the cther extreme of | ao celimived ez pansion, which wou'd be j 1st a bad as its Astetherls. When tase is beatiay and credit sand as- Aistance ovgbt to be rendered. The public were fully pre- pared for the present advance in the oa: k rate. For our. Solver, we ive what is but the oom mezoement of a rettriciive policy, rendered omious by tbe events in India and ths United States, a well as by the inordinate Speouisiion which bay been golrg on in foreign and colo ial proc uce for some time past. [rom the London Globe, Oot 9 We abculd, ho msy pees away | ke © summer panic in Wall street. We trost that readers who have paid Se ce = remarks whion we have rom time to time submitied tot *@ mired by any such netions. The ratsing of (oe rete of Cisccupt is not local. Ia Gam’ tt sands at 734; even in the Back of Holla d it is now lS verted vent Loren ser 4 applicsticns these w! cat chanoe of safety. On on is tempcrary, re of that cour try wil! speedily enable its traders t) rally; Dat it will take some time to settis ihe present confasion, Ard allbough our trede is sound mt the core, there are cir: [From the Lond ‘n Poet (City Article) Ost. 9) Tte advance of the rate cf interes: ad discount fron 7 8916 to Dave cacsed any feeliog of disappolotment ia com: mercial ciroles. The very unsatisfactory sta'e of affairs in the United Stotes, and the xtreme probability that the reduc- tien tn the rate of exchange om ‘his country would cause a com: siderable export of buliion and specie to America, oa well as be generally unfavorable atpect of monetary afairs on he Con inent, nad led the commercial public to anicipate anything, more surprise was felt snk directors bad postponed ing very the {ncreave in oom- bone failures of iste shows tLat the prewure to which has been subjected during the past two years to 1) with calamitous ei! ct upon the weaker tading com: The increase in the Prrtion of 1 the arvacf commer sal uf tt belong menieinet, Acco: ding t> the presen moco of &\!« ra of Uh's coun'ry, tbe directors of ed 2. proderce ant propio? bi per cont will try it 1s to be feared, an tal The dis. receip: of money ai call to 53¢ per cmt, snd the j7int stock pankes Row receive dep: of 5 per cent per anaum. (Olty Article) Gos 10 | bave cis layed increated weakness, sn3 a fall of about % per ornt Dat been oth. Gisconst by the Bark cireotors y ie slightest istiverce fa eheching ths demand for poce piary ecoommodation. It is ccnsequent’y infer 4 that it is very probable het ibe Bank snthoritios will have to repeat the step, and still further augmen' the value of money: aud tho general rise th.t bea teken place in the rates of inierort on (be Cxntinent is held to be simat sone ceive ita meceastiy. 89 far, therefore, the views entertained of te future are far from ‘encouraging, end |: is feared that the advance «{ the minimam ty 6 per cort 1s pot ecificient to chock the export of ballon Tegarding the questi n from the most favorable pola! of view. Is te romorea that the Bank of France wi'l shortly ra'so the rate of interoat and discount In convequense of the praitiom of the assets and liatill'ioe of the establish nea} having become very unsatis‘aovry daring the pet mooth, Whedbrr tis be ‘rue or not, it 2 cortain the} tho revera pobilebed in the Momitrur thie moroing is bot reassoring; and the f specie tha t toe! can a ton will be made bere in order " the ertablihment -Under for ihe 2 Prblie famde bas been me af doll, and at os ade ey of nearly 36 per ort was cauabiien bat Dasiness prices wore rather frmor, on Cecllpe wae eviniaally about | per cent There bas | ren an active irjalry for money to day, and ip pearly all caves ‘he fai! advance in = valae of money hee been exacted for the discount of 1 paper Much spxiey ts felt in al quarters, and the paper cifore! for ¢hoount is narroely sorutisized. The large failures whic), have taken on the other side of the AUantic, #t i apprehended. will involve firms om this wide in heany Unser, an!, contequendy, failures are loake! for, and inderd have nt been able to verify the tieal period for €x posted that ali wili esoage the ieflusmoe of the oant Clore dit raping im the commerrisl centres of the U Sates, 1h ie to be hoped that iae ‘ generol soandn: trade "’ will not prove e mere bypoibosis but « solid feo\, ) the dangera which surroind com y be muosesefally withsiood. merce IN MANOHROTER. From ibe Marchettor Guardian, (Eagtar Un Tuesday ev market, at leavi'n to have reo>- vered from the upfaver: had previously shown, A marked and sudden obenge for the worse the grnoral tone of fcoling har, however, o» wi hin there two days. There are @ ones. Whe caulion engendered Soon sy the state cf ‘hiogs tm mdia; and this greator cantion by if in (be advanced rate of interest, ard ina footy arto credit, Rumors of failures alwoys (he case under tuch cir ma’ anoe had beea pints k Wook ago abost co-taln firme in eine eine: two of taote (irms, large mmoants, bave been penty ‘wlare x e ¥-* 7 north orn beukere Aa the mischief resultl sack fo'lores conld not but be very ssrious, the op vim of |\ bas contributed, with the’ clroumelanci® above referred to, very doc dealy to chook the tendency which whi b way maniveating jwelf paouoniariy tm yarns, (oe an fnerease of ««mard. 41) buyers, home and foe beve seddenly revi rie! to romething more than the o liourness whicb characieized the back. yen op Jat for mi ve “he al eraiion in yarns () tone walt nee te Y gee je Uhed previous dallnew bad not bien on Tuoi dy ahrwing greater signe of rei the: val Rowerer, lite ae (ore is doing tn tale Ceverment prices remain frm = Spiwnert in general are well off for order, and, right oF wrong (Wy are strongly tmpretied with the sonetition that his mone ary crime in Avrret wll nx ne tervally, f ak all, ted to lower the price of cotlom; Whey are, y. va ue of money, i 4 to be feared. will continus and ex'end | ‘not found pressing to sell, or insitned to modify shetr terme. There 1s, too, among all classes, q@uoh oe. dence, pot oply ip the soundness of Pon len o>ndition, but in thet of most other countrics—a oral tence here ‘ore, no! a from the pregress industry, and irom tte sbunéemt flue ‘which tbe earth bas every 7mbare bee aug ee pene e woriety. Istana a gy e job rhakes Amerion ts that of aioe and other seourities, *TaTE OF THE LONDON on. osm MARKET, FAIDAY, ocr. [From the Londom Times. } ‘The funds today have expertesced pene severe dep e-sion. Consols for . which left off 2689); bo M, were Gret oreem tee 8 very uneetiiod of an ire Dat C ph, the sank ee < re cams: the well be the iden thst tne Bunk of tA seg ste necessary to make anoher advance in their rate of dis count, eatieipations own regera to tne Gazette atete cent of this evening, which shows the tion of £418,896 tn the stock of bullion, and tion wn the reserve, pa tly artrio: to the advacos ty ch) saat Incta Compeuy, like wise tended to impair cord tec» Tacia stock left off af 207 t> 210; Initia bonds, ibs. to 174. tecouns. demand for money ia the discount market an! s' bes bent to-day wes very benvy. The transactions in fo'e'ge stocks have boen rather ou merovr, but ths mor et shows Iss firmness. ‘The closing q een a Sarees Tae per Cont: on he Pens Beers rene won oe for mo10y, ona GT 003 Tor the end of the month, showiag n0 altora- ‘“fdoot £68,000 of the Australian gold brought by the Trdus yesterday was sold to the bank this morning. Ta» wittdrawale during the day were limlled to £5,020 of Awerican eagles he bar sliver brought by tho last Weet [adie stexmer has oecn sold at 6.744, showing an advasoe of °;4 onthe price realized for tat by the preceding packet. The dol- ora remaia o ‘Tue return frem the Bank of Eogland for the week end. wg tLe 8d of Ootober, gives the following results when © -wpared with the previous week: ~ >obblio depoaits. iter deyontu... | aon the etter side uf the accouat;— Severpeneed peceriiiat £10,695 60T Droreave... <a iucreage of £806 15; aur the 8 ock of buition fe both separiments 1a £10,602 693, showing @ decrease of ‘£513, 386 when compared with the preceding return. [Laoorreotly reported by & lograck from H iifax as an tnarease of £618,- KO—Ep Bprsiy (Oly artiole ,) Ont 10) rarely tra the weekly retar: of the bank exa bite ‘plained by the loan of @ sillion made by the bank to the Eset India Compacy, coupled «tth the active demand for im mercastile ohanncis. The + hole of this novnt, however, as a matter of o urse, was Dot sith- a from the betk £811,692 be ng left there as ‘‘o her” us the decline tn tue resorve of poles is cons. outly £1,408 120, reducing the tole! amuct of this tem to £4,606,040 ‘The decrease tn the government depose {snot tmprrtant, and {2 arcounted for by the payment of sa'aries, &o. The fa’ ef! in the ootm ard bullion ls a m re serious feature, tbe more eepectally ae the draincou- Waueton the Won d Tuesca> in the presest week. A por.ion of th itbdrawn Inst week consisted of oln which now ies ty coffers of count-y bankers. So uafavorable a retu'p bas pot been pudiwhed fora long time past, and the adve: ce in tae bark rate of discount to 6 pe- cent is amoly explaines BARING, BROTHSRS AND CO.'8 OIBCULA’ Lonpom, Ost 9 ‘The colonial and fore'gn prodace marsets du'l during + reer, and the basiness transected ems Prices geners! ‘downward tendovey. Money has been in aciive demand, and the f Bagland yes- bet bee pty ekg hd amt from Sig to 6 per cert per annum. 8036 for money, ard 862/ @ 8034 for th ver, 68. 17 Awerioan eagier, 76a 31. fixes; coubloons—Spanish, 15s jhe. Sd American cloak ‘are wichol buyers, aad Dusineas to quote in British colonial securities. STOFYEAFOHT, FROST AND CO. S OIRCUL AR. Livaroot, Oot, 9, 1867. revived Kk, chi« fly from ihe wade, and theslignt tectiae noticed last wer k bee besa fully reovvered in the current desorlp tors of Awerican cot:on; even the lower q a'lties have ‘met with some attent'on from speculators, Flog | A low hang reopened Renchcheyh sry ode wook of it became lore 90 with therateing market is, bowever, firm ‘The cotton sales are 7,000 bales to day, includi bales for expert, ko. the market a fira’ but not more duryant thea dur'ng ihe lant fortn'ght. Th current | dercription of gords obtained some savancs, and yarns sold at +, 4.8 X44 per ib. higher prices. The demvad for yarn, ‘wh ch hae ocatinuod #5 Jeng, may, Lowever, fali off Bow at any time. one om atry g ain markets hive beowme zune exist, bat there ile ivirg wey in price ‘Kew, Vrenob peayer By ona var one, grenitu joan ma, Kets ¢rci'es a:teation, to the expectation of cheay Imports — F. SATTBATHWAITE'S CIRCTLAR. Loxpos, Vai. 9, 1887, Government Seo ities , 1868, loan 1868, bon ber the and lea: ‘Virginia 6 per cent, 18*6 . Virgivia 5 per cent, 1888 pga ‘dread Thonds and Gres frovk of Grest Western of asada 6, 1876 >, do. 1378. 1 i874, gasran Med by Micbigan Comt and I! nos Ceniral. minigan Oeutral i In . , New ore Central, tr ‘s, itt 7s, 1864, ‘oonrertibio. be. abaro Ohio apa Perns: Pontaytvapia ts a Do. 6 istt merling. During the rast week «¢ have bh {ng money market; be withdrawal bank nae deem considera ls, ‘view of thi | b large some be ne2t to lmcis, and that ‘nena receiving specie from america, |i will most likely fl) there to porchase ssoarisios and oommoditier at ib prices f reed by the pan!s, the Davk i041 to ra'se. of d'vcount to 6 per cent J ‘Or money, and BOK to 7% for nei Ge railronc seca ities we have had a vey attire bs em tg forward freely for all clames of Er oo oha’ce, for litnols bonds aud shares, and N: Cental For Wichigam Southen there is no MWchigen Contral bonds havo been dono ai & decline of 2 per ornt, and cloved very hoavy; the same partios whi were large sellers at 0010 2are now offortag largo lines at 82, bein considerably bslow ine last prices quoted CONDITION OF THR BANK OF PRANOR. the Paris Monticur of tne Hh of Os ober pobiies: followirg mosthly aebtor and creditor accous’ of the of France, made np fie Fan. Reserve of the berk. i’ curreat cred) ir Sur dry acovunte curren, Do , with branch D videece payable... 3 oudent et 1,098, 126,508 293,000,074 289,83/,0°3 126 309 + 98,906,898 6 420,560 19,190,800 Advamer on Credit Fancier sorip. Ady to State of Agm’t June 90, 48 60,000, Government st: oR resor red 12,930,759 Do ols $4,180 483 Now abares, not settled... ... Hotel and farnivare of bank ae | Gate . Ray vot of (4a / snes 716 and wiv 496129 * . 629,148 coc ceeee 006,198,208 1,008,000, | ee E | b the directors to emorurige toe speculative portico: ee padlic to draw upow taeir Comes was tha: immedi the unpouncement of cons:derably this [From the London Times, Oct 10 } figures presented to the monthly return of the Bunk or fa nln extreordimery, comiog imm diavely after the spno: noement of be relasaiion {athe mode of grantiag Om stocks and railwar shares, mena 4 Sa ae Lue & those om Cy a abares £68, « belances there Bas beon a fal: the off of £1,356 000, ant the synsepte thes mato ary have led to an inoreaso of £726,0C0 in the de ‘alia of the the public. [from the London News (City arti aap at 10.) The dcoreme of nearly £900,000 in tne hu'lion, ta face of the weual average aon hiy expsnditare in the sha ce of “premiame,” formen very d'soouraging feasare. [¢ the drain continue, the bark will probably be \oelled to raise the rete of discount — It will be remarked thet the circula- ‘ton bas at the same time 1: creased heif « million sterling, tae bark having largely ed ite discount socom no- ralway beoorido aot large, Dal Thai any inorea'el railway seourities mt auy 4 feattice of this aesoription should be accorded is matt: tor surprise, ocnside: whe of monelery affatrs taro: ghout E:rope. The g»vermment deposta have seo: pow by the bey ent Of the September dividends she Four and Foor and a-Haif [4 Cent Rentes, and tho ssme event bas contributed to the large addition to the private depo.its. Coast Defences of Rew Vork. “INSUFFICAENOY OF THR ¥RW GOVERNMENT WORKS, AND DBPENCELBSS CONDITION OF OUR FORT.” TO THE EDITOR OF THE HERALD In these panic y simon tis really painful to be disturbed of e8unday morning with so startling a heading asthe above We almost ‘ancy we hear the boomipg of the enemy’s guns a march ‘‘to the heights of Brooklyn’’—see the smoke of burving navy yard—its valoab!e structure and its costly “wooden walls,” and last, bat not least, hear proclaimed through the cannon’s mouth the demacd for “some milion of money,” “ to be paid at the instant.’ (Don’t you with he may get %) It {s comfortable, however, to believe that while we are ‘all dez'g in security, there ts some one sensible and ready to warn us of our danger. If, indeed, we could more o'early see exactly what it wes, we migbt know better which way te turm@ to protect ourselves egeinet it. Of inte years wo have heard echoed and re echoed from Paseamsqnoddy to the Rio Grande, that our sea consi de. fences were impotent to exclude sn enemy, with his “big gups’”’ mounted on ‘eet steamers. Some years since a distinguished and veteran general, mow no more, travelled through the country de- livering Jeotures before tho public 'o this effect. Lieut. Maury suspended for a while his observations of the stirs, and et the “winds and currents” rua thelr courses, to prove thet paug' ships’? could defend ovr barbor; and Lieut. Dabig-en has proved (hei an enemy’s fleet may pase eur forts with almost smpuntty , therefore, in thinking danger was in trat quartr, aa ieroonbiy —— a | by the resistance of the maritime defesces of Cronsiadt and Setastopol sgainst the com ined torces of the two rs of the wor Id) th ra rows ard on the Fast river. and enough to believe that our new work on late danger: ta “Wis true that in the Hevolution ihe ‘Britis army, af. ter spending months ta assombliog 1's forces in the outer barb rand on Sta'en Is! aad, tid land in Graves defeat tue Continental Lieutevant Mavry, in a report to the Secretary of War, in 3861, say route oe bata ‘with the ry com tyacrprevend ye ope violead 2s Boe Js'and Boaed, and se 7 I don’t believe the Americans are pay theee “millions” (eavectally in there bart times) arms in ther bands lahat Ail 'b¢ world hn we where ‘our railroads are, coup’ sae by Bnet work of tres. of the fact tbat Rorfolk and New York cau {ta rapid ocnoentration bas been called lato o: ‘° in the latt fow yoars, wo! Yoon alan any euch debarkaion and land attack, Ukewire, to pes. a : ce bat recently an om He is ¢: the convictions of a life spent in duiles connected ee cur maritime defences. (Leiter to the Becretary of War, April 17, 1861):— But » demonstration on sarge soaie aga'ns! the od repeals, fcr the purpose of (aki ant ing om and and Torees, even ted. by batteries; for at {evoes would ce mete teal cxponade, 1, the at ater, thay esis qere' oe » compel ‘ave It, and force him fot n lot for the fat intive Of aulack. strona tu ships and goldiery, eoa'd be driven frem Soston, of one i ipbt, it t ‘ere’ lon ‘is hardly to be suppored ist he woad at tt reek ure We post ioe, or to attack say other positon h dr monctration at ‘he present day woul! beck ced ust eprumerstet, and be met o. ite lands asd in he mobile |. rome railed by tae of aback. If the foregotog: does not apply to erectly an aitack as 0’ predicts for us, 1 know no} wat |i monas. cy threatening war, or in a few Under any ems on of war,‘ after an actual 6 fupplied wiih cannon of heavy oabr np, debiad which s forcs “two to one greater” than the enemy's ‘ however strong,” would be wailing to receive him, end to pay those “ ‘miiiiens oe ‘Sab ron end steel. how, toe, that such ‘‘earth erections” are not an wanira experiment, we find in sho pap’r jast quoted the fcllow Ing farsgrapa:-— In mocoens te rae the defenses of the cone try were cont weed in valne by the cynstraction rth erecJons, easily | Gefesces, sup Yolunterra, ever’ 0 Ot felt works. aud in eo Itstnnce were wud ported by well trained and patriotic ame While wo have this letter of Mr jor Chase be ‘ore us lot us red fev lar, camno’ “ claim fall and perfect defense tor atiogie harbor cr strategic point im the Gulf or At as'ic ooast from the Brazos to the 8 Orcia I bave no diapou! len 12 make aay claim of th , OF to rustain it for others [am wi) re te blame, r rh should rest whore tt belongs; but it ix dae t> the Ohio! Ecgineer ard al! others charged wi'b the ‘ defence 0° ths cons cf tho United Stater, to recogvive what bas boon Inve (0 quote from the authority mi ntioned — erie of constrvetion wf the works uncer the new, or ‘she turd svete: defence ' was. 1s tho monn and fowth Allsatie wven'ty 10 all of tbe most imrortens Diicte stinatie frovligre, These defences, anatrnetion of my ?, ae Taites & Bisine ian better ‘oyndl defence ‘han Wat of any other cea consi in the world. And again bo eays:— This eabibion will peave what hae Deen herein stated on States at this tine ponsrnves the Best fortified son wert (the italioe are in the original.) eurely, (im the brief spaoe of thirty (ive yours, an om- bryo power, but rooertly bog'nairg the arent powore of tne w ber “bu moeely lore ay Const, crib r'ch com merota ” cont do verywhore stad¢. ports and noble harbors, the best crartin the world, theo “charged” with the eofenes”” bare no cante to blash eclvi “foil and perfect [erende” at any one point. They cnay well point with pride to what they hava doa. Ant lt me od, Wal of thove who clue within the cate fory, none can claim t# have labored with greater ecorgy end arcoes than the distiagulahed off)cer whose language T have quoted Ie ine outset of bis official caroer, acd in the lofenoy of the system, Charged with tte commencement in the (cif of Mexico, 1 was onder his angploes thet the aif defances bave #0 repidly @ivanced towarce comoletion; and there ie no} one of the nob works now under oon: traction oF ‘© hove bristling armament now frowns over tne shane watersiof the Gulf with which he baa not beon cconeoted, either In ite design, constrnction or an “en et that, though xo loeger an oMoer of he wil ever lend his Intivence and onergies to man's cor goa ocast Gefences ‘ihe beat ia the w: I do mot Geny that they are not at this moment what (bey should be—that they beve uot kept pace with the im that they exnnot yot 3 ‘Thore | he “big gaps of big | protected from qilitary eurpriae and invasion from | telegraphic wires. The of some re‘oadia, in the course | days | ADVERTISEMENTS RENEWED EVERY DAY. * could bo thrown } Eyre the meaze of attack hence in spite of eo a eee ee ee been growing rela weaker. Yet weomess consi ter tt wholly tne fault or ina Oniet Dis agsociaios thai it \¢ so, when we reoulleot tha: Congress has, during the whole progress Cen comm, & doled out its means with 9 most spariog band; that it has pot beoa urfrequeut that appropriations pend a wlibbeld entirely ; tase i wae bul one yours back that the question of coatinuing at al! our soa coast fortif cations was mooted. we, OS ys a warin B=. and the improgua: harbor d just enormous Saved ee ean exh, ‘tes 1 hope, finally oon ed Congress acd the people that the sea cossi batte- y ex “C ’" prediote “5 jons as *C 7? may (inne aE ae Maury) ‘beaten back lato the sea,” by means now and elways at our command, our 8, Nap defences demand time, and, al cause he has quo'ed the somewhat execgorated eas of Maury and others—no defences arc inet Cron'un Attack aa is indioaled by “2.” BME ho. bolloves Fad “obarged with ihe defence” bave ected wiaely ta rat concentrating thelr energies upon tho dofonces of di- Miet ber sor’ approachee, for-welou, uolike tbe former, no subalituie oa: be improvised in emergenoy. B. Naw Yorx, Oot. 31, 18 Interesting from the Amoor, The tchoorer Louis Perry, Capt. M Turner, arrived Iatoly at fan Frapoloo after the romarkably qulok trip of seventeen days from Kamschatka. The Porry sailed from the Amcor river on the 30h of July for Petro pauloweki. Mr. P. MoD. Collins, cf Sonora, Amer'caa Consul fur the eastern oosat of Russia in Aia, arrived at mouth of the | Amoor in Joly. He came through the {aterior of Asia 4 and Siberia from St Petersburg. H+ wav oue of the first | arrivals down the riverthsssrng Mr 0. ombicked of the Spent point of the river Ii susoertible of navi- gestion, in a boat with two oars and oe ‘ap about 460 | east of he navigabve water of L ikol, jast over | ihe foot of the Goholeny mountal: Lae vy wbout 100 versts ncrih of the junction of the dongol Descending Ipgoda so tte jun otton whh the Ibike, he pas: od down it to is joxction with the river argoon Thos iwo rivers are about one thourend versts from where he embarked from the moor, or Segahiicm of the Manohoos. ‘Thenoe, narige 106 thm Mosissippi of the North, Mr. C. visited great Manoeoo city of Igooa, where be was emaire with Dbaberio pomp by the Go-ernor of the country in « pavillion on fhe Denke of the river, but war not allowed to insrect tbe city. This be, ho sever, afterwards reino- dieo by eluaiog ne vigilance of ibe river police, and land. ing ta olt fower down oa ths river, Ho arrived at the Rurslan port near mouth of the A uoor tu aly, after performing a voyage of four thousand verste bj ter within sixty days. Mr. C. passed the pow ard spring {0 expl rations in Siberia, ia visiling an immsnes extent of country, voyeging in all some sixteo1 thousand ‘verets since he left St. Petersbu'g. He is the first Ameori- oan that has crossed Avia [rom west to east, from ocean to ocean, and ihe first white man, except Russians, who bas croveed the Goboleny mountains, and 0 pst the first who has ever visited Morgolia and Manchuria, and explored these countries from she centre of «sia w the sea. Mr. 0 expected to leave Am vor about Sepiember for Sen Francisco by the way of China. Che Russian war steamer America left 4moor In July for China, with Admi- Potaitea and suite. The Admiral goes to ed with fall power by bis goverment to make a treaty | with the Chinese, and also to watch the operations of the | Eogitah auring the war — Oalifornia paper, ‘The Turf. Unrom Covesa, L T., Monpay, Oot 19 —Purse and stake $500, mile beaw, bert 3 in 5, in barness 4. Wordruff samed b. m. Lad: | W Whelan named b. g ‘The Play of «La Gtsbe” Pumapairaia, OX 20, 1657, TO TBE EDITOR OF THE HRRALD. Will you allow me to correct a mistake which apreared in the Hawa: pytirnn ae hye ol by wesley Sh ion till thie sunmer, for ed it at the Arch Sirect I remain your obt serv, JULIE’ DE MARGUERIEIES. Sap axp Mrersnious Arvarz—Two Cattpaen Daowsep AND 4 Movuam PRonANLY —A most xelancnoly event coourred in this city las; nigtt, which has resulted tm the death of two itttle ontidren, and probably of heir mother. This moraing the bodies of two chiidrer, girla— one about two an: abo. There the mother of these childres perlahod with Rochester Union, Ot 21. or Paowise.— The Circuit Court is en- ‘i | oF more years. by the defendant unt Uihee that he stien dod her unill within | marriage with © belie: Plainiiif has loni her sight, and {s sertainiy an odjeot | of sy mpathy.—Kochesler Advertiser, Oct. 21, | |. Satmor Vatvanin Paintinas. | ps ~The sale of the effeors of the lde Ha. Andrew Stevi neon, which ‘akee plac) at Blentiom, new Oner | loltayilie, Va, em the 10th proximo, omorioee among other | intersting relice, several vory valnable paintings. Ammngat them ea full Portrait of Marsha! Soalt. Ld 4 of oply toree crigis al mit | sturergor Napoleon, si? to be Of great value.) tho Marriage o My cana 7 M rilo; amber others. The cainti Me! tral fon was presented by tha ditegwaved harnoter Vo | Eew ‘apole Mr Stevenecn x | Okay ae UINQUBLAR, ATIVE ov THE coun. Mae ate by calli ing s9 Beveuth Pa vorwe.n sronuss 2 Ai "ii | rar 1 WAS THER ATS P.M. LET ME mys | | MAPELINE Juz 1 DID iD ANSwaR, YOUR TWO LETTERS f*, 00 Monday, oun. et no Fae! Pao ‘Mee! me pro- Pp RAOPAL —IF THR FOLLOWIAG n dl a M3 iraet i biladel semetming tn thelr event by te tae her Loran Bis orhard, sailor, Cadbicman’ tailor. Joha Bute bam, golem ite Fon, carpenter. at Sly, deem Van Alniyne, cabinet: Fim Benn. J wick, ‘ercper. gon ie yomma ker, Vela a ee shoom. ter. ms ler. # Paine, ropemaker. shert Quimby. tore hone ra. mh Roy 1 OOURFR, 1. 24 6 2 o-clogh man for harneas. id TPAoIN 1-5 AaTURDAY a bens avasD, ATTENTION TOR MEMBERS Pore compény ary he-chy reqneated to attend a At_Montgrmery ial 16 Bamvet Foon, a 7 HODIST #8 °I800PAL Choreh Peach fest Baba ‘moratar and even: ing ua, ot, Rv “Cnarian wotag eab- the Finanotal he ty of the Ohare nl Ori. ere 2x0) ,08.— B VINTON. AsSine (Anta he aly yarah, wil reach to-morrow a Waverley piace. erv.ces si 10% a. M., ead 834 and Pr.” Beata free. ROTESTANT ba ag toa + ail, Astor place, ia vine service ever; Pm. Allare invited eau aE SINR, SuNTOMARY or Tt gstonary_ A ss-tation with Pres, ven retin a on next Ssbbata at Soler, ca Spam ye Be Sgansl report wil be 1d addresses dei bt *Sialth. ‘The pablic are @ respectfully ioried is olead™ POST OFFICE NOTICES, post orion ‘Korios—THp Wh FABTM ENTS WANTED—8Y a SM AL, Rag in 8 lg persons, conaleiing of two rooms and st anercheding $10 per month. "Any f- aly. “Siving moe a} room ‘han they want to opoupy ean senare ‘a neat family. 8ddrens iL, box 380 Posto NY BESPROTABLE AMBRICAN LF arcs Sa m™ ‘view of tha times, would like \o reduce levn g ‘our oF five rooms, or part of a} nse, pl hed, in a decent elgrbor ood eB ‘town, nv above tio sire*t, to x gent eman, th wie pig ang losue oad address W O B, Sox 4536 Post be moderate. BY a peg AFD a wel Ht farnissed miles and bee , &e. The Heigh 4,076, Post terms, which must ROOELYN.—WARTRO, wife, famil-. roem, with Bellege oF cook refer: rece Canada, rme, "ts, J UBRPISHBD BOOMS WasTED.—-THEES O28 rooms, with tke use cf Biishow, in « small between Great Jones and iret treote, boi) avenues = Address pa ‘M, Station D, ACR NARTAD—10 HIRE, A GENTPELLY FOR- pished bearcing or lodging Pome cone iesicer, in 8 plaagant and conventen woud be either purcbased or hired’ pardoulare, B. B., Broadway Post offios OUSE WANTBD-CN A between Broad Cee of. X(@HTESN Fin cle reet Ken! not to veya 86.0 anuu a, payene eenth & ex er ay q_ artery in rdvance if desired. Aiea 4 ae Stating situstion, ho 2A, How WAN TED—SITHE! Sat sltse. on a levee, poy 1 term of savanos, fa res! estate Addres oY x “W, Herald odiea, aiving rame, lo-a/ton and terme iB WaNTED-W.YH IMMEDIATE P agerai Teu:h and plessari neighborbood, betwe-n Soret ru Third and oven'h avenues, Hani ‘not 1) exoeed $.00. Would purctase furniture 1f ofered on terms to sult the \tmes aGaress M M., box F49 Port will se. > BEAL BSTATE Gants — Want tvo hours of wd York, room and p Digiuess I sitoation, is would purchase ‘Adcrers ‘Ma:ufactarer bor $ 185" 0, PRINTERS —W 32D, Hoe’s pingle larze eof bi by nein Win eke Wardrop. 46 Mérost sirent sallag price. SBTED-FOR MANUFACTURING, PURPOSES, Wrote tn laolaied attuaslony Feat lowe "Ade dicen Wer 3358 Font bse at Be nett op Li i Pha ay nat water jenty drees Mr. Bubbaum, ay ein “ ~ ARTED-BY A YOUNG MAN 4 FUR@ISHED ROOM withont location below Spring ating’ eras, A: RD: Bera’a oboe. bY ay BROOKLYN, BEsR FULTON street ferries. ty & and FURNISHED O8 Foe, lemme entra Post office. He portof' ibe sity or mane via Broskive Bia ing full "W., box S419 Fou omee ADTRD IMP RDIATALY_BY 4 GEAMAW FAMILY, }o ebildren and the upper Dan ot a pet va’ fi wilh eose a fk" pl | Frat not toe oeed 8, "address boa 3,867 Post office. ‘ANTED TO EIRM FOR THR WINTERPART OF & fornisbed }onse, seats verter swe betromss, rooms, scrvals rooms and tee of kilcten, siiiiaied between, rect, Broadway and Som wi yt 4 Twenty third jeans,” Ladrese ee ApOl vant Harald office Werte zc PURE. Ball or three tem to twelve heving sucd to avenue. ry piubaratevand wil be paid i Rive & Co, 192 Waser D—ON TURSOAY AFTRRNOOR, the Broadway and Wa'l erect ‘Tee owner on oars EY $0 7 200 reg ot stairs, ond paying for O8T—BANK BOOK FO 14.361 OF THE EMA a, Taduna Bang a ke belons etea ing Jo Patrice Bird, vor by leaving !t at the baok, 6; Cham» finder wil do him = bers street. b Pgisncy TACRSDAY, THE STH. IMGT, A RIOHLY coaerd gold bracelet, with came in ful saat snes po 3 # Thacte ta bas tm — on ste sto'ee Shared ger u $ py - ONS SUNDAY TA he. IN 10 or coming ‘wonty ninth @tree:, @ aire’ baie Prussia win Be finer will pjeake retare the" eame rine Contaloian money by revurning the’ ame 10 ad ae, oF im orremonnale ove reward Shiny hat etree 5 Ww pee ye} A LARGE BLACK SEW. He owner's name and = ‘will resatve the above i taraiag him to 81 avesue'G. REWARD-STRAYED FROM & $i rather REWARD.pOG LOST—A LIVER ee ter; had on 9 Jerine caer cabjet to Iver and white and mottled be pate by reverning tnaan 1S 600 jaahington wireat Wy Ryd Doe WARD —LOST obal, a y one returning bien to BB Coiva the above reward sui $20 BETAR; scene he wes MRG MOAP) ti, ana sian i Any “i oo retrain eae wih reonve wie above rewa i $20 iiss ut fone feet .— LOST FROM PHS STR pores ite Sed foe “Onptait inn, Now ¥ Tl be raid do tus retamn al ibeomise of $20 coe hantco da. atom = eee Gowtorwrt Siar a MOnOUR Tee $100 eto ae WILL B® Palp w tion of the pereon who #1 from the door ¥ Wo. to a heary sqnare