The New York Herald Newspaper, November 14, 1857, Page 1

WHOLE NO. 17744. MORNING EDITION—SATURDAY, NOVEMBER 14, 1857. NEWS FROM EUROPE. ARRIVAL OF THE ARABIA. OWE WEEE LATER INTELIGENCE. HIGHLY IMPORTANT FROM INDIA. THE FALL OF DELHI. ‘The American Bank Suspensions in England. ADVANCE IN THE ENGLISH FUNDS Decline in Cotton and Breadstuffs EXTENSIVE COMMERCIAL FAILURES ARRIVAL OF 8IR WILLIAM GORE OUSELEY. The American Horses Prioress and Babylon Badly Beaten, &. &., &. ‘The royal mail steamship Arabia, Capt. Stone, which galled from Liverpool at 8.30 on the morning of Saturday, he 8ist ultimo, arrived here yesterday morning. ‘The Arabia brings one million of dollars in specie, An- nexed is the Bank 60. ree Von Baur & Co... £1,600 Commercial 2 . Von Baur le nada, Kingston....£20,000 H. Becher & Graeve. 1,350 P. Speyer & Co. 9,000 Benjamin H. Field. . 1) Belmont 6,500 Tranholm Bros. &Co. 1, Bank State of N. ¥.. 10,000 Auguste Nottebohm. 1, ERE. Potrior & Co. 10,000 J. W. Schmidt & Co.. 1 Maitiand,Phelps &Co. 10,000 P. Margin........... 1) Hepocre Reon.” 100000 Sbuchardi&Getiard 1 Martin Bates & Sons. 5,000 E. G. Squeirs........ 1 eseagceegagie E222222 B, Gilebrist .... Robert Barnett. . Brauer & Caldwell. H.D. Brookman & Co. Juan C. De Mier. James Duke C. Durand...... .. John M. Smith & Co. R. Sprague & Sons. H. A. V’ritehard. L. Von Hoffman & Co. George Ashton... J. . Montell & Co. Cotheal & Co... Miss Adriana A. D. Godet...... se James G. King’s Sons M. Mattison & Co Augustus Wiggin F. MacDonald & Co David H.Gildersleeve Rev. Joshua Leavett 100 John Macdougs 100 Order.....seee0ee+4 11,870 Sane T aaacksscasestesesesss ee ‘The Arabia reached Liverpool, on her outward passage, at eight o’clock on the evening of the 26th October. Bir W. Gore Ouseley had received credentials as special minister to Central America, He goes first to Washington fo consult with the American government ou Central American affairs generally. He is a passenger by the Arabia. ‘The news by this arrival is of a highly important cha- wacter. Dethi had been stormed and captured by the British. ‘Several important failures are reported in England, in- ‘ebeding the Borough Bank of Liverpool. Produce markets all stagnant and prices much lower. ‘The American horses Prioress and Babylon made an in- gorious performance in the race for the Cambridgeshire @takes at Newmarket. Thirty-ove horses ran, and Baby- Bon actusily came in last. Mr. Parr’s Odd Trick was the ‘winer. ‘The Fast India Company were borrowers of £750,000 to provide for silver remittances about to be made by them to Caloutta. ‘The Paris Moniteur of the 90th ult. contains the report @f the Minister of Finance concerning the budget of 1859, prefeced with returns showing the prosperity of the country , and calculated to create confidence. ‘The Courrier de Constantinople of the Zist announces that a great financial operation is projected by the Turkish government with the Ottoman Bank It is to involve « Joan of 200,000,000 of france at 10 por cent, destined to Mquidate the debts of the civil list, to withdraw « portion of the paper money, and to restore the exchanges to their Dorma! state. ‘Beveral shipwrecks had occurred on the eastern coast Of England during the provalence of heavy gales. Tho ship Ontario, of Shiclds, was lost and 23 persons on board of her were drowned. No American vessels appear to Deve suffered. ‘The morning of Tuesday, November the 84, had been Gnally fixed upon for the lsunch of the steamer Great Eastern. ‘The Siamese embassy, consisting of four ambassadors ‘end a numerous retinue, had arrived in England, and were eitracting much attention. ‘Queen Victoria had formally approved of Mr. Wyman B. & Moor to be Consul General in the British North Ame- rican Provinces for the United States. ‘The Leeds (Eng.) Mercury, in noticing the visit of the Hon. Charles Sumner to that place, says that Mr. Sam- wer’s health has been very greatly restored, and that he ‘will return to America in the steamer of the 7th of Novem- Der and be in his place in the Senate on the opening of 8 83852 2 § 332 es & B88 150 Congress. Intelligence from Constantinople of the 24th inst. states that the negotiations entered upon with France and Rus- gla, for the nocturnal passage of the Dardanelles, had failed. New ministerial modifications were expected. From Madrid it is stated that « conference would pro- badly be held in London about ie 10th of November, ‘with a view to settle the existing differences between ‘Mexico and Spain, and that the modiators, Rngtamd and France, will probably be represented respectively by the Bari of Clarendon and Count de Porsigny. But fow ditt. oulties are anticipated | ‘The Paris correspondent of the London Timet says that Regotiations will probably be carried on in Paris, and that, Lard Clarendon ia not likely t take part in the matter, ‘He a.so says that Mexico agreed to accept the modiation on condition that M. Lafragua shail be previously receiv 4 by the Court of Madrid in his oMoial capacity. ‘The new Spanish Ministry ia thus constituted — Martner ¢e ia Rosa, Foreign Affairs. deme yh Caran, Justion. Mon, Finaver Admiral Bustillo, Marine. Bermuder de Castro, Interior. falaverria, Public Works. Admiral Armero, War, with the Presidency of the Coun. ‘Tho Marquis do Corbera is named Governor of Madrid. The Patric announces that negotiations are going on be- treen France and England for an exchange of territory in findia. It is proposed that France should give up her pos- feresions in Chanderragore to England, receiving as an equivalent a portion of territory near Pondicherry. Letters from Naples continue to complain of glaring gov. ernment outrages. In one of bis communications the cor- Feapondent of the London Nmes says:—On bis entrance kato office the present excellent United States Minister bad @ccasion to act very decidedly in behalf of United States Ciizens, and from that time to this he has never had the Mightest cave of complaint, and Amorican citizens aro ‘More reapected here than the subjects of any government. At Lisbon the epidemic continued to prevail with gréht violence. ‘The doaths numbered 196 to 140 per day. Com. merce was entirely suspended. Advices to 26th October fay the fever was then on the decline. The Austrian government have protested against tho fortifications crected by Russia at the entrance to the Sea Of Azoft, The health of the King of Sweden is anid to be critical Cholera bad began to decline in Sweden, It is stated to ave carried off 5,000 persons rince ite invasion ‘The Prussian government has instructed its representa ive at the federal Det in Frankfort to lay the whole mat tor of the dispute with Denmark in rogard to the Duchy of Holstein before that body, and to apply to the Austrian representative there for hia oo. operation in the affair. Beavy rains bad caused serious floods in various part « of italy. The railroads were badly damaged and travel impeded. ‘The officers of the steam frigate Niagara in order evince their appreciation of their courteous reception in England, gave a public ball and supper at the Royal Hotel, Ply- mouth, on Thursday night. The decorations of the ball- Toom displayed the good taste which prevails in the Amo- rican navy, and gave full evidence of warm attachment to the British nation. There was ® numerous attendance of the nobility and gentry, with the heads of the naval and military departments. The entertainment was altogether of a very sumptuous character. ‘Tho Metropolis steamer arrived at Southampton yester- day. Her dates are, Rio, Oct. 1; Babia, 6th; Pernambuco, 8th; Lisbon, 2¢th. At Rio the coffee market and freights were dull, Exchange on London, 275; 827%. Flour was quiet. No advices have come to hand from Bahia or Per- nambuco, At Lisbon it was difficult t6 transact business, owing to the fever. Lisbon exchange for bills at three months on London, 5434. The King of Portugal has given $6,700 from his private purse, for the education of orphans left destitute. ‘The Hon. F. Cadogan has resigned his office as Vice Chairman of the Submarine Telegraph Company. He says he places his resignation in the hands of those who have the power to re-elect him. ‘The English Board of Trade returns for the past month contrast favorably with the corresponding month of last year. They show an increase in the declared value of exports of £852,203. However, it is possible, from the state of affairs in America and the condition of things in India, that for some time to come the monthly returns will be much depreciated. The most prominent articles in the increase column are cotton, cotton yarn, machinery, metals (except copper,) leather manufactures, and wool- len goods. On the other side silks are the principal. The total of exports for the first nine months of the year has been £95,735,592, showing an increase of £10,828,987. Compared with the corresponding nine months of 1855 the increase is £26,508,755. The imports show no material variation in the articles of food and luxury taken for con- sumption, Those articles that show a decided increase are tea, coffee, sugar, spices and tobacco. Wines and spirits show again a decrease. The advanced price of cocoa has evidently affected the consumption of that article. ‘The steamer City of Washington arrived out at Liver- pool at 10 P. M. on the 27th. ‘The Fulton arrived at Southampton and the New York at Glasgow on the 20th. The Argo arrived at Southamp- ton on the 30th. THE FALL OF DELHI. Assault on the City—The Way It was Carried —Six Hundred British Troops Killed—Eswape of the King of Delhi—Splendid Military Achievement, &. {From the Bombay Correspondence (Oct. 8) of London mes. At length Tam able to announce to you the fall of the revolted capital of Northwestern India, or, if that appella- ten be not strictly correct, o1 the ancient chief city of the Mogul empire, in which a faithless soldiery had sought to re-erect the independent throne of the descendant of Baber. Delhi is once more in possession of the British. Our information at present is more scanty than could be desired, owing partly to the dawk communication being unluckily intercepted between Lahore and Mooltan; but the main facts have reached us from so many quarters as to leave no doubt whatever that the place was assaulted ccess on the 14th of September, when a permanent lodgment was effected ; that during the four or {ive follow- ing days Curther advances and acquisitions on the city were made, and that finally om the 20th the whole of the spare enclosed within the walls was in our possession. 1 should observe, however, that we have not received yet such certain evidence of the truth of the latter ot this story as of that of the former. The coonedngs of the 14th, 15th and 16th are known to us, however, com- ndiously from the official bulletins issued by the Chief Riiemtowinecr ot Lahore, and teended, an yor know, on telegraphic. meseages from Delhi. But of tho final ocen- pation on the 20th we have only heard by an express from the residency of Jeypore, in Rajpootars, which reached Lord Elphivsione by way of Ahmedabad yesterday. It is dated at Jeypore on the evening of the 234, and is to the effect that the news had just been received at tho Resi- dency both from the Rajah and alse trom the Vakeel or Minister of the Nawab of bem gt to whom it he Bont ga sumed to have been forwarded by his master, a re- sident in the immediate neighborhood of Thus the tidings of our ultimate and success rest at om natiwe authority only, but as the natural sequel and complement of our ibted triumph of the lth they are universally credited. PREPARATIONS FOR THE ASSAULT—THE BOMBARD- MENT. Butto complete, sofar as my present materials will al- low, the atory of the ave army. When I closed my last letter we bad heard the Wy siege train was expected to reach the camp ina very few days, and that works were being erected wherein to mount the gums on their arrival. While the troops were thus busy the enemy Was inactive. There were none of those desperate ‘sallics from the city that characterized the carly days of the “eo when day by day successive waves of mutiny were tered against the beights of the British position; ‘and though their artillory was not silent, the only success attained was on the night of the Ist of September, when a shel! from the battery on the further side of the river Poke oat my last) burst a picket of v Glet, in front of the Metcalfe 4 two men and wounding seven. Om the ‘morning of the 4th arrived in camp the long looked for siogo train of between thirty and forty heavy guns, howitzers and mortars, with large quantities of amtounition, es- corted by the remaining wing of the 8th foot, two more companics of the 61st, and a wing of the Ist Bolooch bat- talion of the Bombay army, On the 6th camo in from Meerut & mort valuable reinforcement in 200 of the A0th Rifles abd 100 Artillery recruits, To the latter were added forty five men of the #th Lancers. The place of this detachment was supplied at Meerut by the 7th Pun- Jad infantry. On the followin i thy army was farther strengthened by the 4th Punja! under Captain Wilde and by some troops of the Jheend Rajah. On the night of the 7th the advanced batteries intended for the destruction of the Moree bastion and adjacent curtain, wore armed with ten heavy guns at about six hundred and fifty yards Sanat Gees sotien fre Keodses Bont, warcumped tance of the walls, called the Was by a detachment of infantry and artillery, In these rations we sustained a loss of something under Ofty killed and wounded, two officers being among the former, Lieu- tenants Hildebrand, of the Bengal artillery, avd Banuer- man, of the Bombay fusiloers, attached to the Beoloo- ches, the latter a promising young oficer, well known to myself and to many people here, and by all r The next day was marked by the opening of the batteries on the Moree bastion, and by the arrival in camp of the Jummoo or Cashmere Cont nt. Meanwhile the engineers were bard at work in it batteries. On the 11th a mortar opened on the Moree from the Koodsea Bagh at more than 300 yards, and upon the Cashmere and Water bastions a fire s ‘was commenced from 16 heavy guns and howitzers and 10 large mortars, planted attwo points in closure known as Ludlow Castle, and so noted map. On the 12th the attack on the Wi strengthened by four 18-pounders and t) mortars (increased afterwards epparentiy to former and 12 of the latter), planted.at from the wail and the Custom House compound The fire of the enemy Was most severe Jast named batteries, which were exposed not ont: of the Water bastion, bat to those in jort of Selimghur, and also to those on the the river Captain Fagan, of the Artillery, aa & most enterprising and excellent , fell, shot through the head. jo other fatal casualty occurred among the officers during these day, nor does the general Joss appear to have been severe, considering the y-r-4 of the batteries to the walls and the tenacity the de 2 oe baqgtte belts guns were rendered unserv: $ was rapidly _ by the jon and weight of the constant disclfftrges from our es. By the 13th the light gun or two at intervals replied to the heavy shotand #bell that were poured into it. At the other end of the works the Water bastion had suffered scarcely lems se. verely, ite extreme ‘was blown up, anda light gun which enflladed our batterie# had been silenced. And pow, the moment for the assault drawing near, General Wilson promulgated the following excelient order: — THR ORDER OF THE DAY. The force assembled before Deihi has bad much hardahip and fatigue to undergo since ite arrival in this camp, all of which has been most cheerfully borne by officers and men. The time is now dra jurance of areater wire. The troapa will be required to aid and ers in the erection of the batteries and © eny trenches, and in daily exposure to the sun, as covering par tes. The artillery will have even harder work than they yet have had, and which they have so well and cheerfully per. formed hitherto; this, however, will be for a short period only, and when ordered to the aseault the Major General feels assured British pluck and determination will carry every thing before them, and that the bloodthirsty and marderous mutineers against whotn they are fighting willbe driven bend ir stronghold or be exterminated; but to enable them to do this, be warns the troops of the absolute neceasit) of thelr keeping together and ‘not. etraggiing from their Cojnmne-—by this ean success only. be secured, M General Wilson need = remind the troops of the erne| commitied on thelr officers and com aa well as their wives and children, to move them in the deadly kiruggle, No quarter ahemlit be to the mutineers: me the same time, for the aake of humanity, and the honor of the covtn try they belong to, he calls upon to spare all women and children that may come in their wey. It is go imperative, not only for their safety, but for the gno- cess of the anemult, that men should not straggie from their columy, that the Major General feels it hig duty to direct all rommbading officers to Impress thie atrictty upon thelr men he je confident that after thie warning, the men’s © and discipline will induce them to obey their offleers keep steady to their duty. It ie to be explained to ever re erminaie plunder will not be allowe thar prize a appointed, by whom all captured property wUl be collected and sold, to be divided according killing. to the rules and regulations on this head, fairly among all men. edd ‘Any man found guity of guiky of hay wil orflt o roree i? oi werkee he Soph poeta “ie looks especially tothe regimental officers, of all 1, © impress upon their men that to work in the trenches duri Wy & siege in ae le aste fightin the ru: responaible necessary and honorab! nike during 8 battle. te will bold all officers. for ‘hetr utmont being done to carry out the directions and he confidently Crunte that all will exubit «ballad Pa ay Ed eat resi . fwination of ail tein labora. |" ouowr On the morning of the 1dth, aon 4 daybreak, the morning toon after as tault took place. The attacking columns were—as 1, from a letter, written on the following day by an ‘of rank in the army, which, though ‘short ig, as far as I know, the only communication of so late a date that hag yet reached Bombay—three in number, one being held, as T under+tand it, in reserve. Their strength is not given. ‘The main point of assault was the breach at the Cusimere bastion. One column, however, consisting of Ghoorkas and the newly arrived’ Jummoo ‘contingent, was directed to make a diversion by attacking the Kishongunge suburb, which lies outskle the Lahore gate on the western side of the city, and if it rucceeded in carrying the suburb to as- sault gate iteelf. But the suburb way occupied by the enemy in ferce, with a battery of heavy guns. The Cash. merian troops bebaved indifferently, an: in spite of the efforts of the brave Ghoorkas the column was repuised. Its commanding officer, Major Reid, of the Sirmoor batta- lion, is among the wounded of the diy; but on the northern side of the city all went well. The troops entere:l at the breach with no serious opposition, and spreading to the left and right occupied the “wh ie line of defences from the Water bastion to the Cabul gate, including the Cash- mere gate and bastion, the Moree gate and bastion, the English cburch, Skizner’s honse and the grounds about.”” ‘Lhe principal loss sustained by the assailants was due to the obstinate resistance they met with in clearing their way along the ramparts to the Cabul gate, and afterwards in an attempt to penetrate beyond that point into the denser parts of the city in the direction of the Jumna Moejid. In all the loss amounted to about 500 killed and wounded. Five officers are reported to have been slain— frig of the Bengal Engineers; McBarnet, of the late 55th Native Infantry; Murray, of the Guides; Bradshaw, of the 52d Foot, and Fitzgerald, of the 76th. Captain Rorse, of the Carabiners; Major Jacob, of the ist Bengal Fusileers, and Lieutenant Homfray, Ist’ Punjab Infantry, are returned as having died of wounds received. Briga- dier Nicholeon was wounded, and his brother, of Coke’s Rifles, and many others, in all about thirty. Of the loss of the mutineers I do not observe even an estimate, It is only said that bodies of them were feen to be retreating both to the south of the city in the direction of Kootub and also across the bridge of boats, and that our cavalry had moved round the city to intercept and destroy the former. Our victorious in- fantry, prudently recalled from too hasty an advance into the close lanes of the city, occupied the comparati vel; ‘open space inside the Cashmere gate, and the walls whicl they bad won upon either side of i:.’ Headquarters were established in the house once occupied by the renowned irregular horseman, Skivner, and now known tous by his name, to the natives as Secunder’s. Preparations were at once made for shelling the enemy out of the Yalace, the selimghur and the other strong places of the city, and the fring commenced next morning, the 15th. By the evening of that day a breach was effected in the wall of the magazine enclosure, which was held in force by the enemy, and the place was stormed the next morn- ing by the 6'st Foot and detachments of the Belooch bat- talion and Wilde's Rifles. In it were captured 125 pieces of cannon. The palace being now well exposed the guns and mortars opened upon it from the ine en- closure, and the enemy appears to have fal- len back at all points. us the Kishengunge battery, which had repulsed the Jummoo troops, was abandoned and occupied, and the guns there taken swelled the total number of captured pieces to up- wards of 200. The battery on the further side of the river seems also to have been abandoned, and at the date of the latest certain end official news—7 P. M. on the 16th —an attack upon the magazine had been repulaed, a chain of posts had been established from the Cabul gate to the magazine, and the enemy some hours before dayfail had been maintaining only a detached and —— warfare from the tops of the houses, Many ple had come ip and received pp kead which was of course refused to every sepoy. All this ts a0 satisfactory thab we well credit the tale from Jeypore, that on the 20th the pm ‘was emirely in our hands But 1 shall keep this letter open to the la: t, in hope of fuller intelligence, as a steamer ia just in frow Kurrachee, which Mr. re was keeping ready for an emergency, and which he would not have despatch ed unless he had scmething worth sending. 1 must uot omit, by the way, to mention that the Jey) report as- verts—though | do not credit it—that the King of Delhi es- eaped to a neighboring shrine in the disguise of a woman, Seinde, it is moreover reported, was raising 16,000 men to intercept fugitives. NEWS BY THE WAY OF THE INDUS. The ‘br from Kurrachee but a enc Spl ig ve ie an “ Jeter received at Nusseerabad on of September, from Captain Eden, at Jeypore, 23,8 A. M.,”’ which gives detail thelling the Lal Kill (Reed Fort this appears to "be ‘ tobe some other stronghold than Seth hur) and city. Fighting all day; leaders and native rs im open dissension, ac- curing one another, in presence of the King, of cowardice. In the end unanimity prevailed, and they resolved to attack and fight as men, without of merey or . Friday, the 18th.—Shelling all night on the Lal ia. This morning fighting recommenced, and mati- beers on some points successful, but constantly repulsed. Rifles doing much mischief among the rebels. both rich and poor, running away. Suburb, where ord failed (the Kishengunge), is ours, and algo the revels’ bat- tery there. King and two sons concealed. One bastion of the Lal Killa destroyed, and it will be taken.” Captain Eden adds, “The above is from the Durbar news writer to the Rajab at Jeypore. There may be some exaggeration, but in the main | am inclined to believe this Teport, as the man hae always eeah, wa cecteet = whole.” After this the report occupation of the city on the Bie may be accepted ‘ ee L regret to say that it re probable there ts some thing wrong in the }, between Lahore and Mooltan Talluded in the beginning of my letter to a stoppage of dawk communication between © towns. Tnow fud that when the land loft Kurraches no dawk had reach. ed Mooltan from Lahoro for eight days. If anything is Moy | it ie in the Gogaira distri. are. out rom Lahore and from Mooltan; but nothing i# yet tude of the obstruction }, apd the authoriues nown of the cause or of the to the traffic. All was quiet in were on the alert. THE DRSPATCH. ‘The following telegraph was received at the ot. fice (through Commissioners for the Affairs of ius) op the 27th October, at 10:30 A. Mo— ‘stormed ; and ou the 20th the whole city was occupied. The King and his sons escaped, dis aswomen. The attack on the 14th was made with r columns, one of which, composed of the Cashmere Contingent, was repulsed; the other columns were success- An entrance was at first effected at the Cashmere he. fe main bastion and Cabul gate. The resistance was very obstinate, and our lose was computed at 600 killed and wounded, including 60 officers ‘The following names have becn received. Some of these names are manifestly mixapelled. We cannot, however, a the responsibility of correcting the government Major Jacob, lst Fusilecrs; Captain Barnett, 68th native Infantry; Lieulenant Tandy, Engineers; Lieutenant Fite- gerald, oth Foot: Lieutenant Bradshaw, 624 Foot; Liew- tenant Murray, Guide Corpe-—tilled. Brigedier General Nic , Lieutenant Nicholson, Scotch Regiment ; Greathed, Engineers ; Mansell, Engi- neers. Chesney, Engineers Salkeld, Engineers a low, Engineers; Hovendon, s Mediey. Hngineers; Waters, 60th Rifles; Curtis, 60th Rifles; Captain , Carabineers; Captain Anson, Aide-de-Camp ; Baynes, 8th Foot; Rossers, 8th Foot; Greville, Ist Fusiieers; Wemyss, Jat Furileers; Owen, Ist Fusileers; Reid, Sirmoor Batta- JS iene “hemes top, tania Sa \ ron, } is 3 Cuppage, ‘Cavalry ; Bayley, §2d Foot ; Atkinson, 62d Foot; Shibbruna, Guider ; Graydon, 16th Grenadiers ; Speke, 66th Native Infantry ; Lambert, Ist Fusileora | Gambri, 88th Native Infantry; Hay, 60th Native Infantry; Prior, Ist Punjab Infantry—wounded. In the operations preceding the assault the following ities occurred -—Captain Fagan, Artillery; Licuten Hildebrand, dito; Lientenant Bannerman Borabay army ; Arth. Belooch, ¢th—killed. Major Campbell, Artillery; Captain Earle, Artillery; Lieutenant Lockhart, Artillery, Ceptain Chemuller, 73d Foot—wounded. Tn the lists received the rank of the officers has gon erally not been 5 THE NEWS AT ROM [From the Bombay Times, . ai Capture of Delhi has we may now & be speedily crashed, With the neers in our power there will be no difficulty in destroying the rebels wherever we may meet them, and thus restor. ay illity throughout the Country. The arrival of inforcements from England, both at Bombay and ou and Calcutta, has contributed to st hands confirm the wavering ity of 5 Although, however, Delhi has fall of Lucknow is near at hand, there is still a great deal to be done before India ie porfeetiy settled and order restored throvghout ite provinces, For the gigantic work before us all our efforts and resources wil! be requir. ed, and our energies cannot be abated until the fabric our power is set upon a firmer basis than heretofore. Jn our Inst summary we gave news from Nethi to the 8d of September, when beg Mey was daily expected in camp. It arrived on the of September, and active preparations were immediately made to commence offen- sive operations. Several batteries, armed with heavy guns, were established in commanding positions, within a short distance from the city walls, so that the bastions could be destroyed by our fire. This was ly accomplished, but with the lose of two , Lieut, Hildebrand, of the Artillery, and Lieut, Bannerman, of the Belooch Rattalion, who were killed. Having thas es- tablished batteries in advanced positions, the bombard. ment of the city commenced, and the Cashmere and Mo- ree bastions euffered severely from our shot and shell. The enemy replied emartly with and mueketry, ‘but our lowe was inconsiderable, and ont fre was kept op with undiminiehed vigor, On the 10th and 11th of Feptember one or two sorties wore mate by the enemy, but withowt any result, notwithstanding the proximity of our batteries to the walls. For two days longer our artillery continued to play on the city, until, on the 12th, the Cashmere bastion and half the adjacent curtain were in ruins, Preparations were now made for the assault, and General Wilson, in an order issued a few days previous, laid down the line of conduct lo to be pursued by the troops. No quarter was to begiven to the mutineers, but the women and children were to be spared, On the 4th of September the assault was mete on the city, which was entered b) divisian of Sap Sopet, Seemay before them. ‘Tee fellowiay tgraphis tes 5 from ol; Durand, at Mhow,to Lord Riphinesone, ne Bown. ‘day, gives particulars of the successful assault on Delhi: — tain dated the wht ki ‘axaault took oy Place yeaterda: And ‘the eonton ‘of the t ‘cabal and Moree h . church, college, a1 . hich the uarters are, Preparatiqna are making wy batte- Mire iy sees and received i sepoye seanted torome, but not permitied Gaeuailtion okid to bo eevy. "No ariliery cdicers Miled or wounded. A great mauy of the mutincers escaped. Caval Fy left last night, it is said, cowards Rewaree, The following extra of the Delhi Gazette, published a Agra on the 38th of September, gives further details o the storming operations on the 14th:— rer Deum, Sept. 14, 1887. Mr. Greathed Dejhi was stormed this morning, and the British forces are of the line of defences from the Water bastion to the Cabal gate, including the Cashmere gate and bastion, the gate and bastion, the Englishchurch, Skinner’ : house, the college, and the grounds about. Preparations are. being made to turn the guns from the captured bastions on be aly. ‘and to bring up other guns and mortars to command- nts. ‘enemy for the present retain the Lahore and other bas- tions, the palace, Selimghur, and the chief part of the city: but our Hold of the Position that haa been secured appears tirm, ‘and the fall of the remainder in to be expected. ‘General Nicholson, Colonel Campbell. 624, and Major Reed, the wounded officers, who aré numerous. Lieutenants Bradshaw, 24, and Filagerald, 75th, were kiilled. ‘A body of troops was observed to march off by the bridge, but pursuit is impracticable until Selimghur and the river front have been occupied. The chief lossea were experienced in attempting to reach the Jumma Muajid and to penetrate beyond the Cabul gate. The following description is from a letter from Colonel Beecher:— The troops entered at the breach near the Cashmere gate, without serious opposition, and gained possession of the large buildings in its neighborhood, and advanced along the ram. paris to the Moree bastion and Cabul gate, in progress to which the resistance was very obstinate, and the loss conse. quently bas been severe; but we are advancing gradually gse Sirmoor battalion, are_amon, within the city. : Large bodies of the enemy have been aren retreating both in the direction of the Kootub and over the bridge. Arrange: ments are in hand for batteries to be made in the city, and their own heavy guns have been turned against them. We are indebted to government for the following official bulletins from Lahore, giving the particulars of the assault ‘on Delhi to the 16th of September, together with an ex press from General Roberts, at Ahmedabad, stating that the whole of the city was in our possession on'the 20th, and that the King of Dethi had been taken prisoner. Cir Cosonssionen’s Ormice, Lattone, Sept. 16, 1857. The following messages were received from Delhi du- ring the course of yesterday, and this morning from tho office of the Adjutant General of the Army :— Set. 15—9 A. M. We continue to hold the city from th® College to the gate, and the enemy holds the magazine, which we are shelling. The palace is also being shelled. Many of the mu tineers had fled yesterday. Our total loss is gstiinated at 600, Another message (hour not given) states that “the cap: tured guns on the Moree and Cabul bastions are also in play on the Burn bastion and Lahore gate—new positions ‘occupied by mutineers. Some cavalry and infantry have left since yesterday evening, but the garrison still show every intention of disputing our further entrance, Fran O'CLock P.M. All well. We have made a breach in the magazine, and storm it at dawn, The enemy's musketry fire is much re duced. * 6—7 A. M. Sert. 6—7 A. M. ‘The magazine was stormed at daylight by the Gist Foot, Ke looch Batialion, and part of Wilde's egiment. We had only & few wounded, and the enemy about forty killed. 125 guns were taken in the magazue. Serr. 17, 1857. The latest message from Delhi is up to 27. M. yesterday. Our mortars continue to play upon the Palace from the m: zine enclosure. The enemy entirely abandoned the Kisber gunge batiery, and we have found in it in position five 18. pounder mortars, makivg the total number of pieces of ord- nance taken in and before Delhi upwards of 200. The battery across the river, opposite Kinghur, is alko re. ported to have been abandoned by the mrutineers, who are in etached groups fighting from the tops of houses; their or- ganization into regiments is fast being broken up. Dewan Hurree Chund, the commandant of the auxiliary force of his Highness the Maharajah Runbheer Singh, died of cholera y; his death is much to be regretted. "He wax the trusied servant of the Maharajah, anda man of great ex- perience. The following has just been received from the Assistant Adjutant General of the army: — Drum, Sept. 16—7 P.M. ‘We bave now established a line of posta from the Cabul gate to the magazine. An attack was made on the magazine to-day, which was repulsed: but we had same men killed aud wounded, J. D. MACPHERSON, Lient. Colone! Secretary express from General to Chief Commissioner. ‘was received mivcligs eummanting On tree tt dliscomelt ate despateted the inteligence to the Governor on the 20th of Septem! — By express through Dr. Berinzy, Residency Surgeon, Jey- pare, the ed December, ban MWe hove the memese so: ceived information from the Durbar af our trogpe Raving. ov Supe the eentire city of Delhi on Sunday last, the BXA.. The Vakee! of the Jhujjur Nawab had been here a little while be fore with the same intelligence, #0 you may rely upon it. The King is said to be in the Durgah Nizam-oodeen, about six miles from Delhi. He and his two sons escaped, diguised aa women, and the women of the Jenana in men's clothes, It was reported at Ahmedabad, upon the strength of eters from ‘Ajmere, that the King of Delhi bad been cap- tured. THE EFFECT OF THE FALL IN BOMBAY. the Bom ay Telegraph and Courier, Oct. 1.) The electric =n has at length announced that Delhi is in our The city fell on the 18th ultimo. There were four days’ hard fighting ; consequently the carnage is great on both sides. This was, however, to be expected. We were fighting not against men but against monsters red with crime and recking with the blood of women and children. The enormous price which we have paid for the city’s capture, cloud, fora moment, the glory of the triumph; but when the hour of tribulation has passed away the laurel will sparkle the brighter for having been moistened with a shower of tars. It isa satisfaction to know that we can now walk the streets erect, and elate with the knowledge that the massacres of Meerut and Delhi have at length a avenged. Forevey drop of blood which has been wantonly shed, a thousand have been exacted. The game is now entirely lost and the mutineers are at length checkmated, It is in vain for them to try to escape. There is not a or chief throughout India who will not hunt them down like beasts of prey. In vain will they hide themselves in the dens and in the rocks of the mountains. In vain will they cry to the mountains and rocks ‘Fall on us and bide us from the ven. geance of an incensed deity.’ ‘The day of his wrath is come, and who shall be able to stand?” Already, Sindiah is on the track of euch as have escaped; and fifteon thou- sand of his men are sweeping after them like a whirlwind. As the history of the world alfords as po parallel to the excessess whieh the mutincers have committed, so, in pro. portion, will be the measure of vengeance which we will demand. The streets of Dethi are red with the blood of our best and bravest They have fallen in one of the noblest struggles which ever consecrated warfare, and it is our duty to avenge their deaths. The illustrious dead of Delhi have left bebind them a glorious task to their breth ren in arms throughout India; and, we are sure, right wil lingly will it be performed, It will be in vain to meue clamationa telling soldiers whatto do. They have fought, bled, conquered and died; and the sur- vivore’ must’ have their own way. Let the civil functions of government at once cease; let martial law be proclaimed everywhere fave in the Presidential towns; and we would guarantee that in six months not a living traitor could be found within the limits of the «1 pire. Now is the moment to strike the blow which mast Tender our sovereignty permanent, and unless it is done effectually the same terrible scenes will again be enacted ‘as soon as the eootebed snake gathers renewed vigor. The fall of Delhi must have dam the hopes of even the wildest and most extravagant of traitors. Men who have hitherto remained vaciliating will now declare them- selves. The hidden traitors of the Bumbay and Madras armies will be brought to justice. Good soldiers who, their |, have tolerated amongst them a traitor or two, will now at once come forward and accuse them, #0 that the whole army may be purged. To accomplieh thie it will be sufficient for commanding officers to point out the necessity which oxita for re moving every shade of om from their regi ments. There cannot be a bt about there being traitors both in tne Bombay and Madras armies; and now that all immediate danger has been removed, the sooner the work of re-organization ie commenced the bet- ter. So long as Delhi remained in the hands of the muti. neers it was to avoid extreme moasures as re- gards thore who were not declared traitors. Now, how- ever, that the temple of rebellion hay been de- very #troyed, let the levin-bolt of descend upon alt The time has now come when who are not for a must declare themacives against us. Now is the time to strike terror into hearts of all; and we do not think our countrymen will neglect the opportunity. There are some people now HO generosity, appreciate no clemency, and understand no merc: Yor such mon is the w! Moslem race compored ; if we wish to pre- serve India from future atrocities, we must bear this fact in mind, The noble impulses of humanity are ontirely misunderstood in Hindoostan, and we can, therefore, only hope that the mutineers will receive at our hands that which they can alone appreciate. AFFAIRS AT CAWNPORE AND LUCKNOW. Havelock hed resremned, ths Gea fon Sopenen ate 19, wel , @ ‘ting almost immediately “a General A detachment to be joined by yatram 's force. of the latter force, under Major Vincent Eyre, had, on the 11th September, with the Pepa ptf defeated « party of the enemy which crossed from the Oude side of the Ganges for the pur- pose of harassing the advance of General (utram. General Outram, you will remember, in his letter of the 2d of September expressed a hope thai he should getover the distance between Allahabad and Cawnpore mh. Tp this hope he was, however, disappointed. Probaty after enduring #0 much rain, more than the ordinary dif- ficulties embarrassed his march; and on one occasion at least his advance was impeded by an armed force, of his progress hindered by the necessity of chastising it. A party, estimated by its subsequent destroyer at about 300 strong, with a few guns (the number is not mentioned), crossed the Ganges from Oude, presumably for the purpose of plunder, at a point ahead of Sir James's line of march. As soon aa they were heard of Major Vincent Fyre, of old AMghan and recent Arrah celebrity, was gent on with part of his own battery, detachments o the 6th and 64th Foot, and then, a troop of irregular horse, to attack and disperse | On the 8 ap) the enemy hastily betoo the » selves to their boats, rsued by the cavalry, upon whom, when they had re-embarked, they kept up ® smut lire. Even when the infantry came up and poured volley after yollcy into the crowded boats, the rebels still made what defence and return they could; but when the field pieces threw themselves, panic stricken, Almont to man under the fire of ali the boata were sunk, and the guns them. was LOth of September. On the 16th, t) Sth Fusileers and the remainder reached Cawppore, and Bir James force expected on the following day, orders were given by Genera! Havelock to prepare to crossing of the river at half-pasl ¢ o’clock - Iknow froma private letter from one of the lcers of the 78th, and , 60 far as I am aware, has arrived from Cawnpore direct to lead us to counter orders were subsequently issued, crossing was delayed. But when the Calcutta steai for Suez called at Madras three days ago, Harris, as the result of the information broug! bim by that vessel, lea ne oe ernment thur—“General Havelock’s force crossed the Ganges trom Ca eon the 19th; akirmiahing was going ‘on’’—a message which, 1 must think, might have been made a litle fuller and more explicit. It is possible, though Ih it is pot true, that the crosting’ did not take pI till the 19th, or it may be that on that day operation ’ was com: pleted which was begun three ‘s earlier, for the stream was running like a mill race, and there were 24-pounders and elephants to be got over. But the word ‘#kir- mishing”’ inadequately, as we may fear, represents tho amount of resistance cneountered by his troops. Certain it is at least that the enemy were in great strength, and ceeupied an entrenebed postion oh the opposite bank. A few days before the 16 small steamer, moored off Cawppore , was sent out to cruige in the river and recon: poitre. Whileso engaged she got aground. ‘The enemy at once opened fire upon her, and turned out, as was di cernible through the glasses of the officers on the other side, marching down the bank in @ regular column that betrayed their former profession, wearing their belts and pouches, though not the red uniform. The bank on the Cawnpore side being higher than the other, their proceedings were easily observed, and a tew shotse were thrown at them from the 24-pounders, but without producing any — effect—indeed, without reaching across the river. Eventually the steamer got off and returned uninjured. Meanwhile, of he impri soned garrison of Lueknow we have heard but very little. ‘That little, however, # all encouraging, though vague ‘They had undermined and blown upa house near the iptrenchm with a number of fanatics who occupied it, and then rallying out had spiked the two 18 pounder guns which the encmy had brought to bear upon them, though without doing much damage. Of the amount of provisions we hear nothing one way or the other. On the whole, I may repeat that we know of nothing tending to destro; or even materially to affect, the confident pHa whi when 1 last wrote were so generally entertained, not only on this side of India, but a 80 at Cawnpore and ‘Allahanad, that this long beleaguered city will be relieved in time to save many valuable lives and the honor of Englishwomen and of the English name. Generals Outram aud Havelock report from Cawn pore:— On the 19h, at6 P.M. the troops crossed the Ganges with. out opposition, skirm ishing only with advanced posts. Letters from Lucknow. of the 16th or 16th, report all well. An assault on the 5th was repulsed by the garrison, with great Joss to the assailants. A despateh to the India Company says:— The combined force, under General Outram, crossed the es from Cawnpore into Ow the 19h, without oppo News from Lucknow to the 16th. ¢ and provisioned to Oct. 1, when Outram will have reached. THE NORTHWEST AND AGRA. News from Agra to 12th September. Mr. Colvin died ‘on the 9th; Colonel Fraser, of Engineers, appointed Chief Commissioner. All well in fort, but attack expected from Gwalior. To the northwest of Delbi, in the Harrianah district, General Van Cortlandt is still busy repressing disturbance end resettling the country. On the @th of September an insurgent village near Hansi was surprised and ita occu- pants driven out and dispersed, with the loss of one of the ringleaders in the mutiny of the Hurrianab battalion and twenty-five of bie men. 1 read, too, of what appears to be the destruction of another village at a later date, when a number of the mutinied Tenth cavalry fell and several prisoners, formerly of the game regiment, were forthwith executed.’ On this occusion a large amount of booty in horses, cattle and money fell into the hands of the Gene- ral’s men, From Meerut we do not hear of any more raids against insurgent chiefs, nor does our news from Agra report any further proceedings on the part of Major Montgomer: since his very successful engagemen® at Hattrass with Ghose Mahomed Khan, the self-styled Soubabdar of the King of Delhi, which I mentioned in_my last, and which appears to bave quieted the country'about Allyghur. In- deed, our intelligence from Agra is well nigh contained in the single announcement of the death of Mr. Colvin, Lieu- tenant Governor of the Northwest provinces, op the 9th of September. This cminent, and at the commencement of the outbreak most popular public servant succumbed to ap attack of di: mf a disease to the wrowth of which the confived limite of the crowded fort must have been only too favorable. Mr. Reade, the senior civil servant present, assumed temporary charge of the government upon the death of his chief. “ On the other side of the Doab two civilians, regarding whose safety fears were enter- tained, have been preserved by a native, one Haldeo Bukeb, of Dhurruapore, and by bim forwarded to Cawn- pore ‘They are Mr. Edwards, collector of Badaon, and ir. Probyn, collector of Futeyghur, with his wife and chil- dren. Several other Europeans are reported to be in hiding in the neighborhood. IVE STATES. A Shabzadar collected many thousand followers at Man- disore for the King of Delhi. Post of Dhar seized by Ma- bomedans in Rajab’s service, and Rutlam believed to bo taken. Western Malwa consequently disturbed. Colonel Durand still at Mhow, s yd jing elxe in Central India agency in statu quo. In Rajpootana Agency uillity disturbed by mutiny of Jondpore lemon. Captain Mason moving on mutineers with two guns and 2,000 men. Es cape difficult. Rao of Sirohi, giving hearty aid. The Bheels are with us. AR. PUNS, All quiet; and in Cis-Sutle} to the 27th of August. BAUGOR AND NRKBUDDA TERRITORIES, ‘Tho 624A Kongal Native Infantry (mutinied?) on Sept. 18 and deserted in a body, doing no injury to their officers. ‘The Banda insurgents bave seized Nagode, and have been joined by the 60th Bengal Native Infantry, RAJPOOTANA. The mutineers of the Joudpore legion defeated the Rajuh of Joudpore’s troops, killing the General and taking three guns, on the 9th of September ; they then joined the rebellious Thakoor of Arrab. General Lawrence proceeded, on the 18th September, with a detachment from Behar, and attacked the rebels. He compelled them to take refuge in the town of Gaya, but found the place too strong for aa assault to be risked, and accordingly fell back on : in Mowck Mason, the political agent in Joudpore, was killed in endeavoring to join Gen. Lawrence's force The Bombay government has sent up her Majesty's 80th Regiment, and other Earopean troops, to the ra Di vision, to enable Gen. Roberts to reinforce Gen. Lawrence. INDORE AND GWALIOR. Malwa is still in a disturbed state, but nothing worthy of note has occurred. In Gwalior, Beindia is stated to be raising a force of 16,000 men for the parpose of intercept. ing the fugitives from Delhi. A portion of the Mbow and Indore rebels are reported to have crossed the Chumbul. scINDE. bnedene ow | of Natuye Artillery at Hyderabad hay deen suspected of di tion, was disarmed on the of September, and the guns secured PF es mp ad Rpg on fing ie a ving Lovicnetvat toate believed to have been coufined to a few men. ty five deserted, but have been almost all taken ox. ecuted. At Shikarpore, on the 2lat of ber, a Subadar and phat a Ned the 16th Native fumpietca plotting night of the 23d of September, eleven men of the Native Company of Artillery seized the guns; they were not join- ed by others, and the guns were retaken by s company of ‘With Native Infantry, the rest of the Artillery iy and the police; four of the mutineers were killed, the Test got away in the dark. has sent a wing of a The Bombay govern Foot, just arrived from the Mauritius, to Kurrachee. Commissioner in Seinde had previously sent detachmenta of bis very emall Kuropean garrison irom Kurrachee to Hyderabad and Shikarpore. Khbelat is ina very disturbed +tate. All if quiet thronghout the Bombay Presidency and dominions. All is quict in the Nizam's country. In con sequence of the mutinies at Jubbul ‘the Commissioner in Nagpore hae applied to the Resident at Hyderabad for some rquadrons of the 16th Lancers; the jent has complied with the requisition, and has been reinforced by frome squadrons of the 3d Madras Cavalry from Sholapore. MAPRAS. All is quiet just now in the Madras Presidency. BENGAL AND ARHAR. Telegraphic communication between Dehree and Bena rer interrupted since the 20th inst. supposed by mutineors: of hur battalions. Captain Rattray, with Sikh police, at Dehree, on the zist, and Colonel Fisher ex. ‘on the 220. The Rewah Rajah fled to a hill fort, alarmed by reported approach of Dinapore mutineers, and warned political agent he could not protect him, who, however, «lid not leave the hyena hm they never ap- red. Dinapore mutineers got to Nagode; 60th Native infantry, cantoned there, mutinied. Officers believed fan rafe. NANA SAMIB'S PROCLAMATIONS. The following proclamations, issued by this miacradat, have been forwarded to us for publication. The first is dated the let of July— Ag by the kindness of God and the ikbal or good fort the Emperor, all the Christians who were at arte od nah, Saiarah and other places, and even those five thousand ine into the former city Enropean soldiers who went in di and were discovered, are destroyed and sent to hell by the Plows and sagacions troops, who are fitm to thelr religion; und ae the! ve al nh cong ne) ment, anne no tenes of them ia Hefvin Toews phacene itis the force at the delightful intelligence, med w eaery’ ex thee Fe Jotee at the delight nee, eetive work With comfort and e ese eiian hes Proclamation dated the Ist of July, and issued by orda@r of the Nana:— Ae by the bounty of the glorious Almtehty God and the enemy destroying fortune of the Emperor, the yellow 1 and nary A people have been sent (6 hell, onto ¢ ould prompily and cheerfully ngage ecnting ihe orders of government, that Kore rn their whole mind tn {tin the inenmbent duty of all the yretosnt waded pooares- PRICE TWO CENTS. at the thor ‘that Ube: and both the Hindoe and Maho- medan religions have been confirmed; and that so abrell, = pee a Cd to the authorities FY ep per] ver (o suffer ap: aint againat reach the care of the higher utorag enn omaarves be Order dated the 6th of J wien. luly to the city Kotwal (Mayor) tors of every district to rejoice tiana have been went to bell ropeang eltber st Allahabad or Pultehpore: that tne peopio ore: should therefore remain in their houses without any ) and engage their minds ty carrying on their work. RUSAIAN VIEW OF THE FALL OF DELHI. From Le Nord, of Brunsola, Oct. 27. The Engiieh troops at Delhi are in a more difficult posi- jen than they were before the assault. They are if their urn besieged by the sepoys, who have extabitshed them- selves in f fortined Position six miles from Delhi, after having cut off all communication between that place and ‘at military posts. We remarked some imo go that the military movements of the Hindoos display a ystem of tactics which would do honor to the best Euro- pean generals. THE MONEY CRISIS IN EUROPE. The Effect in En of the General Bank Suspension in the United States. [From the London Times, (City Article), Oct. 20) The three days later telegraphic news from New York by the Antelope, to the effect that fluan’ yt! affai Worte, caused the funds to open this morning at ashght reaction from the firm. prices of yesterday, but the mar- ‘ain partially recovered its tone. Consols for money, cloned last evening at 86%, were firat quoted 98 55 , and the final operations were at st 4y a 883¢ for money, and S844 a 8% for the 10th of May. Bank stock lelt off at 207 a 210. India stock, 208 to 211; India bonds, 368. a 26s. The demand for discount at the bank and elsewhero was very moderate, but the transactions on a Saturday never furnish any clear indication of the state of the mar- ket, The fact that the amount of notes in the hands of the public ix comparatively great, while the basiness of the country is everywhere undergoing curtailment, shows that large precautionary supplies must already have been secured by many of our leading firms. The arrival ot the American and Indian mais now due will most likely settle the question as to the prospect of any further immediate movement by the bank. In some but only among a emnall minority, it is contended mogt expedient strictions ce prove necessary, would be to keep rate at its pr@Mnt point, and to’ limit the class of bills to be discounted to a shorter term than 96 days. The exclu- sion, horwerer, of any description of paper upon which the regular business of the country is more or less based would be extremely hurtful, and world, in fact, be the only mode Ly which pressure eculd be converted into panic. Every Louse having good bills in its portfolio should be encov- raged to fee} that it will not under any circumstances be allowed to find its resources suddenly cut of. Under par- ticular conditions there can be no objection to a higher charge being made for long bills than for short, but it may be questioned even whether those condiwens can be con- sidered to exist at the present moment. The short message from New York this morning was re- lieved by its containing no announcement of any particu lar catastrophe. The fact, however, that the resources the various houses which had hitherto, at all sacrifices, with- stcod the storm have been subjected to three further days of increasing pressure, has added to the prevailing anaicty. ‘Those best acquainted with the American temperament have hitherto hoped for a rebound as sudden as the panic; but, although a great change may still at any moment be announced, i ts now evident that the disturbance has pre- railed too ling to pass away without an amount of destruc- tien which only months or years can . The altimater , as far as the losses to be sustained in this country cerned, will depend chiefly upon the honor of the mercantile community on that side, since, with an anpre- cedepted grain harvest and cotton crop that will bring the largest sum ever realized, it is imponsible to doubt their means of extrication and their fature opportunities to meet every claim. But meanwhile the extent of default must be enormous, ler our manu facturers and shiypers must be exposed to the sharpest trial ee apeinael ee manuer in which it bas hitherto been met is a subject of honest congratulation and affords the bert promise for the future, but the worst stage of the affair bas yet to come with the ceaseless maturing of engagements and the protracted absence of remittances to: provide for them. Any firm with fair capital and credit i always prepared to meet short strain, but few can be expected for weeks and weeks to discharge the cont of wages, raw material, and all the other items in the manu- facture of the goods they have shipped when the returas for those goods are —< by aconvulsion go violent and v0 little to be foreseen that it is likened on the «pet to am attack of epilepey. We must be prepared, therefore, un- lees the next few arrivals report a decided ’ improvement, to hear many difficulties among respectable establishmenta in all parts of the country; bus it is to be hoped that in the cares they will be foond to admit of relief, and Mat even where this is not practicable the breakdown will be but temporary. Zt oo ne ree the circumstances, for any firm lo suspend mag be wo show that they have conducted their business upon ordinary mercantile principles, and tt will be the duty of creditors in way to exercise ilitat thus manifested. Above ail, it is incumbent to remember that on this ide there ie not the faintest Cause for general alarm, much less for panic. unconnected with the United States meet the inconvenience of a high rate of discount. is no dikcredit, and at the fair market rate they can ge ax much money as the tion to be extingui want. If any house ia in a condi- d by a mere & month or two of « few pounds per cent in the charge for uch accommodation as it may require, the sooner it is extinguished the better. ‘The fall in the produce markets, although heavy, has neither been so rapid nor so extensive as to the apprehension of difeulty in any quarter where May not have been undue speculation. In the cases, Moreover, it has simply been a reaction from bigh prices which bad peated led to great Of most, deveripsons of goods, too, the stocks in hand are small, With an abundant harvest and the present price of bread any wide spread distress would be an anomaly. Tt iw a moment to tert our courage and self on, but noth ing more. We have obviously no trials before us but sueh ae we should be prepared to meet with cheerfulness. No laced. in a position such as that which from and the American crash we now occupy; but these disasters have found ua sound internally, and we can therefore face them with d: iy, and by mutual confidence keep them within control. Foreign stocks continue firm, and in some cases an ad- vance haw taken place. i a reduction, while Michigan Southern showed firmness. At a meeting of the Buffalo and Lake Haron it w * bl Bd il Hh i 2 Eas Seced od La 2 Helse] lucie fs ls Lt $3 i ald if throughout the State. Aj Penalty of losing their, charter dividual rivairy, they contin: ‘ community at i, — with an ingtinet of despair, Ived to bring them resol mt Ss before the departure of the packet a general necertained to be inevitable. ments bad already been brovg! three that remained saw that their fate, A deputation of the Presidents largest was therefore despatched to the Governor of tho. State, at Albany, to pray for the necessary legislative etope to legalize the suspension, and le a notifica tion of the event was given in all the New York papers of the morning of the 14th inst. Its effect was: Fvery one, it i# said, seemed to feel that the ordinary chantele of business would forthwith be restored, and that from th es of recovery would commen at noon, and the last cconnte, the ytol KAM, bata postecript of that date annownees that everything was