The New York Herald Newspaper, December 8, 1857, Page 2

class paper, and from that price to 106 per cent for other descriptions. Af the present rate of discount here there is consequently no profit on the transmission of gold from this County to the United States. The public continue to support the stock market by hoavy purchases, and the closing quotations to-day show an advance of a quarter per cont. The first transactions im consols for money were at 80% to %(, and at the con clusion the prices were 89% to 90 for money, and 90 to % | Priecember, A steady flow of allion tothe bank assists the tendency to a restoration of confidence, | ther a better feeling prevails, although some ad° | Sitional failures announced this afternoon have occasioned | deep regret, Bank stock left off at 212 to 214; reduced, | 88% to 89; New three por cents, 88% to 89; India stock, | 214 to 216; India bonds, 40s, to 358., discount; and Exche- | quer bills, 11s. to 68. discount. in the Stook Exchango to-day, owing to tho large invest- monta of the public, the supply of money was abundant, ‘and short loans on government securities could be ob- | tained readily at 6 to 7 por cent. At the Bank of Kng- Jand the applications continue gradually to diminish, and aa the repayments now falling due there are extremely large, the weekly returns are henceforth likely to show & | considerable improvement. In the discount market also thero wore some signs of relaxation. No particular alteration has taken place in foreign stocks, but they continue in fair demand, and the market closed steadily. In the foreign exc! es this afternoon the rates geno- rally showed a decided improvement, the principal ad- vance being upon Amsterdam and Hamburg; business, however, is restricted by the want of confidence, caused by the late failures. ‘The final quotations of the French three per cents on | ‘the Paris Bourse this evening were 66f. 95c. for money and 67f, for the end of the month, showing @ recovery of an eighth. The position of the Rank of France is state! to have been strengthened, the bullion now held being £7, 630,000, or £100,000 beyond the amountat the date of the retarn published a fortnight back. ‘The increase is said to have been particularly rapid during the last few days, and to have taken place witpout any artificial purchases being made in England or elsewhere. A further sum of about £150,000 in Australian, Rus- sian and other gold was sold tothe bank today. The total taken there since this day week is thus raised to £930,000, exclusive of any sovereigns that may have been returned from Scotland or elsewhere. e The stoy e ot Messrs. Herman Sillem & Co., a house ‘of more than fitty years standing, aud of yery great re spectadility, was announced this morning. Their transac- tuons were in connection with Germany, Holland, and all parts of the Continent, as well as with North and South America and the West Indies, and the liabilities are therefore considerable. At the moment of suspension they bad large funds in hand, and according to the opinion of numerous friends, who would have been ready with assistance, it was doubtful if the step had become necessar As, however, they had already sustained several severe losses from the fai on the Continent, and could not feel ) that others might not follow, they resolved orable feeling which has always distinguished them, to encounter no further risks that could prejudice the general pesition af their creditors. Great confidence mately pay in full, and an following circular bas yy square, Nov 24. 1857. ¢ (0 inform you that the during the last few weeks have ecessily of suspending our pay nmilted to Messrs Quilter, Ball & Co., elore our creditors at the earliest poss! ke HERMAN SILLEM, SON & CO. The stoppage has also taken place of Messrs Carr, Jos- ling & Co., an old ana respectable firm, connected chietly with tho trade to the North of Europe.’ They hold a con. sederable amount of the acceptances of Messrs. Hoare, Bux: hooks will be # And astatement ble opp ton & Co., Svensden & Jonson, and other Swedish houses whose failure was announced last week, and this has been | the immediate cause of their difficulties. The habilities are Suppose: to amount to about £300,000, and the assets show a large nominal surplus. It is feared, however, that these will be found to have been greatly depreciated by recent circumstances Messrs. Alexander Hintz & Co., merchants and dealers in colonial pro. have likewise suspended. The he been estat d for many years, and has b | bt down by the recent failures here and on the Con 1 sare understood to be large. Annex- Loxpow, Nov. 24, 1 to inform'you that in con lures here and abroad we are suspending our payments ye placed inthe hands of Messrs. Quilter, netions to prepare @ statement of our before our creditors as soon as ALEXANDER HINTZ & CO. res were announced at the same & mouth the name of Messrs. God. frey, Pattison & Co. was included. That firm im. mediately and w mething more than indigna- tion denied the They denounced it as reckless and unfounded, and complained _ bitterly of the it might inflict upon their credit. On rity, therefore, the notification was though a belief was entertained that the tion diy telegraphed from Glas- gow bi en care ly made, and that the pro- longed existence of the house was merely due to certain arrangements the purpose on the part of the Western Bank of Scotland. The following extract from a Scotch paper now indicates the condition in which (hese persors stood when they were thus circulating as- surances calculated to induce their fellow traders to rely upon their perfect solvency — ‘A meeticg of the creditors of Godfrey. Pattison & Co. was heid on Thursday, Smith, of the Lancefield Spianing Company the ‘ebair, Mr. M'Ewan read # siatement showing the Liabilities to consist of £296,285, and the as. gets to 267.381, or about de. 64. per pound Of the anseis £47.2Mis the amount of stock, and the rect heritable proper: ty and debts, Bilis the extent of £97,000, to which the name Of the firm is attached, in co y unetion with Dennistoun & and Babcock 4 Co., are inctuded in the Habilities. Shoul thease be met the estate will he worth about 6s. 64. pet mmiitee Was appointed to realize the stock as far as possible R appears that an is still entertained of the possibility of resnscitating the Wolverhampton and Btafordsbire Rank, which stopped on .the 17th inst. with ities for about £1,000,000. Forbearance is to be asked from the depositors, and the share holders are to subscribe new capital, towards which the directors offer £100,000. As there are more than 200 persons interested as shareholders, it will be very satisfactory if they can in any proper way be re- stored to a position of safety; but at a meeting which took place yesterday there was too much disposition to follow the Glasgow example of “saying nothing of the past,” and of regarding the n f the bank, not as a penalty | eat public calamity, | ration would be productive | spire con of genera! benefit. A meeting of creditors was held to-day of Mesers. J. P. de Sa & Co., Brazilian merchants, whose suspension was nounced on the 14th instant, and after a prolonged d jov a composition was accepted of 10s. in the pound payable in instalments at three, six and nine months. The Liabilities were stated to be only £15,230, and the assets were £9,000. In the railway market a recovery has taken place from the late depression, owing to moderate investments by the public and re-purchases by speculators for the fall; the mowement has also been aided by the steadiness of the fun’ American securities were fiatter, especially Michigan Central; Illinois Central shares were also quoted ata re- duction. Mines were in little demand, but the closing ee ip some Cases show an advance urities were active, but the only altera. From the London Chronicle (City Article) Nov. 25.) he appearance of the money market haa been more favorable to-day. There is some abatement of the pres sure for discount, and bills which were refused disc yesterday have b of gold bas gone ut £160,000. wen done to-day. A further large Bank of England today—say us, from the Peninsula, brings | hat mercantile difficulties fewer disasters than at of time seemed probable has, during the last few days, been greatly strengthened by the absence of any fresh failures, but the accounts from the North of Kurope this morning bave in a great measure dispelled this expectation. An unprecedented amount of bills has been returmal upon houses of known wealth and reputation, agains! which il seems utierly hopeirss the majority can main. iatn their credit. From Sweden, Norway and Hamburg the accounts read most unfavorably, and it is to be feared will hasten the suspension of several firms. The great Swedish house reported from Hamburg is for an amount xo large that many must be more or loss compromised: but it is satisfactory to learn that the local banks of both Swe: dea and Hamburg have promptly come forward and ren dored assistance to supersede the suspension of the house, £5) being surmounted with and accordingly they have resumed pay ment. Messrs. Carr, Josling & Co., commission merchants, were announced to have been obliged to suspend, and two other firms were mentioned, one being in the metal trade, | and talked of some days back. [From the London News, (City A ticle.) Nov. 25.) The funds to day exhibited increased firmness, Whe more favorable indications in the mone: coupled with the increased investmente of { The closing prices were \ per cent above those Mt 4 oolock yesterday. ye purchases effected today — were of considerable amount, incloding one of £120,000 Stock and comprising numerous hona fide investments Owing to the renewed absorption of stock, a great reduc- | ton bas taken place in the value of money in the Stock Exchange, which only a few days ago was as high as 10 per ceut on consols. Tuis afternoon loans on government securities could not be placed at m in five to six per Cent up to the December settlement. The wmnoard tendency Sunde was principally restrained e pA herceunie tes pally restrained by the rumors of The Bank of Fogland today purchased an additional sum of about £156,000 in newly imported gold, making total of no lees than £716,000 in fro sspred 4 yy = hg tle feature remains that nearly the whek : ported from various quarter i nna votainsd here. Owing to the confidence inepired b dency of the bullion movement, mone freely to-day in the discount tharket England the demand, though still active pressing than of late A telegraphic despatch from Paris ans Rank of France have reduced the premium ot A for gold to 6 per mille, or about 108, per £100. We understand that latterly the bank bave paid as much as § per mille pre was again loss ances that the mium. It fs inferred that they find their more stringent regulations, as regards discounts, aufficient to protect thotr stock of bullion, which is alleged to stand now abo £7,700,000 or £120,000 more than on Friday last inst. the return made up to the 12th amount was £7,541 000. The rumors of a probable funding of exchequer bills ar Causing a steady advance in the price of these To-day (Tuesday) a fresh rise of Qe. was at wing quotation being 11« th fa. disceunt From Hamburg we learn that the liabilities of Meser nd Rowen, whose stoppage was aunc this morn reach about £100,000, The firm would have been abled to resume pay it t for the fact thet they are ed tothe extent of about 600,000 marks, or ray i 000. with ¢ of the largest he wool trade in Stottin, which has also stopped [From the London Post (City Article.) Nov. 25.) A marked improvement has been visible in the tone of foney market to day, and notwithstanding the occur of further serious embarrasamenta in various ge Partinents of trade, the growth of a better feeling has not been checked. The demand for pecuniary accommo la es inthe corn and | 4 act of 1844. and more freely offer NEW YORK HERALD, TUESDAY, DECEMBER 8, 1857. tion has been acti have met it with charged cannot Bank of ive, but the banks and discount houses leas reluctance, and although the rate be quoted below the minimum of the and, dated bills of first class character Sore been Spaomanel ‘at 1044, and at even 10 per cent per annum. The slightest symptom of improvement is, however, just now liable to be unduly appreciated, and might lead to an impression that the difficulty has been fully overcome. In the best informed quarters, however, there is still much misgiving with respect to the future, as it is absolutely certain that the Jn value of money 7 exercising @ most destructive influence upon yan industry throughout the kingdom. It is, therefore, ne- cessary that the greatest caution should be exercised by the mercantile community, at all events unttl a little more do- finite idea can be formed with respect to the future cur- reat of events, or it may prove that the greater case a money market at present apparent may ‘turn a of tem) vary duration only, a fresh shock bo given to credit by the discovery that such is the case. Atten- tion should now be directed to the reduction of the rate of interest; for it is “palpable that until money recedes at least four per cent from its present price neither the prices of produce nor of manufactures will rise toa remunera tive level. THE BANK OF ENGLAND Noy. 21. {From the London A reference to the bank returns will show that, under tho letter issued by the Chancoilor of the Exchequer to the Bank of land, the issues a securities had on Wednesday night exceod the statu. tory limit of £14,475,000 by £2,000,000. With this issue the bank had @ reserve in the head catab- lishment, and all the branehes of £1, while the depasita, ‘public and private, had risen to £19,440,046, the private deposits alone being £18,959,165, showing am in- crease of £1,028,821 upon those of last week. In the bul- lion there is a decrease of £686,412; of government securi- ties a decrease of £3,037,000, and of private securities an increose of £4,184,000, 'Thesd are changes probably more remarkable than ‘any which ever before occurred in auy one week. To pass over the addition ’of £2,000,000 of gov- erument securities to the issue department, as arising from a well known cause, the most remarkable features are the large increase in the advances to the public, the ease in the government securities, and the increase of priate deposits. first sight it appears singular that at such a time there should be an increase of deposits. But it will be observed that this increase has been about £1.000,000 in the week, making in the last fortnight ahont £2,000,000. No bettor proof could be furnished of the extreme prudence and caution upon which bankers and others have been acting in strengthening their reserves. On the other hand, the public have certainly not been incenvenienced by these rivate hoards; for what the bankers have deposited the Rank of England has freely advanced. In the single wook the discounts and loans of the bank upon private securi- ties have been increased by £4,184,000, at a rate of 10 per cent asa minimum, The bank’has also, in order to nid the demands for trade, largely disposed of government securities. It will be observed that the decrease under this head is close upon £3,000,000—of which, however, £2,000,000 bas been transferred to the Issue Depart: ment, leaving £1,000,000 as having been sold. There has rarely been a week in which so much stock has been disposed of, and yet the price has scarcely been affected—which shows to how great an extent the public are investing in the funds. Tt will be observed that the notes in the hands of the public have increased by | £1,223,000, caused in the main by their being taken into the country, in order to strengthen the reserves of coun- try banks. But the changes in the bank returns during the last seven weeks have been so remarkable that they are well worth a careful comparison and consideration. The following table will show the changes in the various most important items:— FYROM THE RANK RETURNS. Private Government Other Rate of Bullion, Deposite. Seouritice, Securities, Int Cirewlation. 1857. £ per ct. Ger" 19. 19,90,000 10,110,000 9,687,000 10,560,000 22.808 hn) “6 et. 17-20,183,000 9,524,000 11,132,000 10,254,000 20,539,000 ” 66.000 9.370.000 11,286,000 10) 126,900 10°54. 404,000 £000 11,489,000 10,254, 197 000 30,286 000 8495,000 11°910°000 10,139,000 22°628.000 Nov 11 20,188,000 7.171.000 12/985,000 9,444,000 26,115,000 10 Nov. 18.21,406,000 6,454,000 13,959,000 6,407,000 30,299,000 10 Here, in seven weeks, we have a decline in the amount of bullion from £10,110000 to £6,484,000, in the face of a rise in the rate of interest from 6 to 10 per cent. It is troe that about £2,000,000 of that decrease has taken place since the foreign drain was in a great degree stop. Ped, and has been caused chiefly by a demand in Sootland and’Ireland. ‘The government deposits, which on the 10th of October stood at £10,560,000, have been reduced to £5,407,000., being adiflereuce of tore than £4,000,000, of which one half has been transferred to the Issue Department in ex- change for notes, and one half has been sold in the mar- ket. It is remarkable that, in the face of such heavy sales, the funds have maintained their price so well, aud this is more remarkable when it is known that, in addition to these large government sales, bona fide transfers to the public, as investments, have been n je in the same time to an amount exceeding five millions; so that during that period the purchases by the public have exceeded seven millions. The advances by the bank upon private securities, in cluding discounts, have increased from £22,898,000 to £30,299,000, or by £7,401,000. The amount of these ad- vances on the 10th of October was larger than they were upon any former occasion, and yet in the present week they have increased by the large amount we have named. It is, however, proper here to remark that a large share of the business has been thrown upon the bank during the last fortnight, in which the great portion of the increase has taken place, owing to the comparative suspension from business which has taken place in other quarters. The private deposita, inclu ling those of bankers, amount ed on the 10th of October to £9,667,000; on Wednesday last they were £13,959,000—showing en increase,of no less than £4,292,000, a'great portion of which consista of the deposits of bankers, who, being desirous of strengthening their reserves, have materially curtailed their tranzac- tions, and have been content to keep large balances in the bank unemployed. | What they probably could uot well do with safety the Bank of England could. If it were not for the facts, that a large portion of the drain of bullion which has taken place during the last fortnight bas been for internal, and not for foreign de- mand; that the exchanges are ‘now all favorable to this = ES Ee 3 ease country, and such as are likely to lead toan early return | ‘of much of the bullion that has already been shipped; that in Scotland and Ireland confideoce is 80 far restored that a considerable portion of the gold sent thither my be restored to the bank, a considerable amount hh ready arrived from Scotland since these accounts were made up, and lastly, that coesiderable arrivals from Aus tralia are now takin, _= and that others may soon be looked for, we shoul! disposed to view the condition of the bank, with its reduced amount of bullion, as being far from satisfactory, and as indicating the necessity for some further rise in the rate of discount. As it is, with these favorable prospects it is to be hoped that the present in- sufficient reserve will, without any new restriction, be in creased considerably,by a return of gold and the subsi- dence of that state of anxiety and distrust which have ad. ded pot a Little to the pressure caused by the events of the last month. (From the Lonaon Post, Nov. 25.) The first step which the government will recommend to Parliament, after wing the act of indemnity to the Bank Directors, will, we presume, be the appointment of a select committee to inquire into the circumatances of the monetary crisis which imposed upon the government the neceasity of interference with the act of 1844. Such a course will be strictly in accordance with the precedent of 1847, aud is at the same time the one dictated by common . * . * sense . The aurea has not been tampered with in the slight- est degree, The bank note maintains its fall value, and everybody who possesses one—whether it be one for £5 or ote for £1,000—knows perfectly well, and feels per- fectly certain, that he can at any and every moment ob- tain for it ite expressed amount in gold coin. There ws no diminution in its . no difficulty in its circulation, and no attempt to give anything in its ‘liquidation but the gold which it professes to represent. How can it be said, then, with any justice or truth, that there has been any tamper ing with the currency, ot that it bas been exposed to de- [shear by the infusion of £2.000,000 of additional notes: upon securities instead of bullion? Why, this isnot, ‘a8 it is attempted to be shown, a creation of a new, but an extension of an old currency. There hae been no suspension of the charter properly, but simply a retaxa- tion of a restrictive clause, and the bank note issued upon the additional securities is as strictly and as perfectly con- vertibie as that represented by the £14,000,000 cu- larised in the act of 1844. As for the case of the fraudu. leut silk merchant, put forward as anal , it tumbles tothe ground. There is no aualogy, for there has been no atterupt to deliver any hing but the pure article ranised. Had, indeed, the letter of the government delayed, this result would have actually ensued, and cash payments been suspended. That would have been the issue if the government had, with the apostles of tradition, held that “the highest wisdom would have been to suffer the crisis of commercial distress to run its course.’ We hope to see some more stable and certain Provision made for the future, but in the meantime we would have the public clearly see and acknowledge this | truth—that it is the peremptory interference of the go- veroment, and that alone, which has maintained the con- vertibility of the bank note, endangered avd brought to the very verge of inconvertibility by the provisions of the AMERICAN RAILWAY SROURITIRS, With reference to the market for American railway se- curities, Mr. E. F. Satterthwaite reports as follows on the 24th of November — ‘The market for Ameriean securities in London has been moderately active during the past week. There has been ‘& sustained inquiry for Erie third mortgage bonds, at ad. vanced rates, with few offering. Some small transactions have taken place in Frie shares, from 14 to 15. Tinois shares are not so much inquired for, and there is no rega- lar supply on the market now, the ‘certificates are more freely circulated after payment of the call. Tlinois con. struction bonds advanced to 78, on the important rise re- ported from New York, but the enhanced price brought in sellers, and they close 75 to 77 w York Central bond« continue firm: the 7 per cent convertibles have brought 90. Michigan Central 8 per cent bonds, 1869, have been done in small amounts at former rates, being equal to a pre mium of 8 per cent on the bide accepted by the company on the new loan. Penneylvamin @ontral bonds are heavy, at lower rates The following quotations are 4s, 6d. to the dollar:— Bid. Asked, Belvidere, Delaware, 6's, Ist m., 1877 guaranteed by Camdenand Amboy.....— 88 & int in., Ham, and Dayton 7's, 24 m., 1880. 80 & int. Detroit and Mil. 7 18TH. ...5 0. 8 Detroit and Mil, of Canada ar rangement seseeeee Tih inots Central 7 coveccgescsocess VO Do. 6's, payable in London at 4s, 2d. per dollar A a 2 1% No. 7's, freeland, 1960 80 Do $100 shares, $90 paid... ...6.. 6.006 12 lis dolet and N. todiana 8's, lst m , 1874 BD Michigan Central 8's, Ist m., 1860 7” De. 1860 : 9 Do., shares, $100. ||" rs Do., 8. an Indiana 7's, 1875 oe do., shares, $100 5 ‘ork and Erie 7's, 3 68 Do. 7’, sinking fund, 50 Do. shares, $100 Serre: Me New York Central 7's, convertible, 1804. 88 92 Do, 6’, sinking fund, 1883 7% 80 Do. shares, $100... ........... 7 rf Pennaylvania 6's, Ist m., 1880. so «82 Do, 2d m., sterling, 1875 a3 «86 | Do. shares, $50......, % «40 MISSION OF THE FRENCH MINISTER TO ENGLAND, {From the Liverpool Post, Nov. 24.) M. Fould, the French Minister of State, has left Paris for London, Great importance is, we learn, attached in Paris to this mission, Bome say he has crossed the Chan- nel, not only to concert a common action between the banks of France and England, but having in view other objects likewise. Some pretend that he is charged with @ recommendation that the English bank, instead of is- ipg notes to the amount of fourteen millions of govern- ment securities in holds, and afterwards ouly to the amount of bullion in its cellar, shall imitate the Bank of France, and issue notes to three times the amount held in bullion, Others aver that M. Fould is sent to take the advice of lish commercial men as to the Abeer 4 of the ad of some system of paper money wil re is (Nov, 21) Correspond Post.] lov. lence of dhe London Post. Fire fusnetat world are atill occupied with speculations any changes in the » At events, there seins to be no doubt the subject will occupy the attention of the Emperor and his advisers on Monday next. It is to this general belief, coupled with M. Fould’s visit to London, 5 coria’n otha of commence has been created at jod to the — in tightness of all European xport trade not favorable to an improvement Mc a Parisian financial journal, “has been mueh offered and very little demanded: a fall is the consequence.” Many workmen in towns are out of and the rail- ‘ways are, Po ane of their It is caleu- lated rai in ordi times, occupy 160,000 hande. Tura’ tho GTuestion of th day into any pesition you like, and it comes to this—the high rate of discount all over the world is throwing the monufac- turing thousands out of employ. Commercial advices from Vienna have, during the week, becn of the most gloomy character. A perfect panic prevails, which has not subsided by the announcement concerning the reduc- tion of the army. Failures are announced from all parts of the empire, especially in Bohemia, THE UNEMPLOYED OF THE UNITED STATES AND ENG- LAND—CAUSES AND CONSEQUENCES OF THE DES- TITUTION. (From the London Times, Nov. 23. It is long since America has had to pass through such difficulties as at present beset her. The unbroken pros- peri the uninterrupted progress of the New World, has long ‘Shen 0 aubject of prite for the republicans and of re. hto the monarchies of Europe. Indeed, America as been so fortunate as hardly to have hada history, in the modern and somewhat sombre sense of the term. While France, and Germany, and Italy have been con vulsed with revolutions ; while Spain has lost ships, coio- nies, commerce, name and dignity; while even England, though growing rapidly in material and moral power, has had to fight her way through wars and insurrections and ‘“strikes,”’ through the obstinacy of party and the prejudices of classes, America has seen the way clear before her, and has had only to build and occupy, to plant and reap the increase, to educate and receive the blessings of education. Indeed, so few have been the trials of the republic,so easy and assured its on- ward march, that the people have become weary of their very happiness. Much of their occasional irratability, particularily towards England—much of their desire to turn every conversation into a channel which shall draw forth some compliments to America and her institutions — much of their encouragement to filibustering and such like excesses—arises from a feeling that the country’s history is hardly great enough for her. Prosperity is not asutli- cient substitute for glory. It is not enough to conquer the wilderness, to build vast cities where the Indian and the panther wandered within the lifetime of men still young: the American people seem to tire of this monotonous and uneventful prosperity of the ever unclouded sky above ther, and the unbroken smoothness of the path they tread. : Such an event as the enforced idleness of multitudes who depend on their labor for their daily bread is some- thing new on the American continent. We who have had in times past to suffer from such calamities, and who have even now great numbers among us who in age or have no resource but public charity, can well fe misery with which«the population of the Atlantic citiss is threatened. The Irish and Germans, who form the majo- rity of the laboring class, at more provided against the storms of fortune than their brethren who re- main at home. They earn more and spend more; they are incomparably better off than in the villages of Con- naught or Swabia; but they have hardly in the first gene- ration contracted habits of saving and hoarded enough to carry them through a winter of bankruptcy aud suspend- ed works. The American papers announceda few weeks sitice that some 40,000 men would be without occupation in New York, and that a great outery, and = a general rush southward would be the result. By the last mails we have a description of the scenes which are now —— im the city. “Huuger meetings” have ‘been held, in which banners, bearing in several languages the device “Work or death,” were carried in procession, and the multitade has been addressed by orators who proclaimed the duty of the community to provide work and food for its members. It may indeed be a mockery to preach political economy to a starving man, but still it is certainly true that the knowledge and capacity of the working classes very much influence the arguments which are used on such occasions. In this country the artizans, even in the very depth of their distress, seem to acknow- ledge the true cause of it. We hear little abuse of the rich, little talk about the tyranny of capital aud the rights of labor, and never an incentive to lence or spoliation. But it cannot be fe en that the American cities contain a population which bas been educated in other principles, and is not accustomed to let its acts far behind its desires. | From the Parisian workshops, from the democratic dis- | tricts of Western Germany, from Switzerland and Italy, | have gone forth bands of emigrants who have notions of | rty very different from those which native Ameri | cans learned from their progenitors. The right to work, | to food, to luxury, to happiness, has been hed by | philosophers and attempted to be realized by statesmen "in the largest capital of continental Europe within the last ten years. The spirit and the doctrines which have been suppressed in Paris have free play in New York, and we cannot but fear that if extreme distress were to come upon the continental emigrants and their impulsive Irish | brethren, scenes of violence might follow which would \aire the serious interference of the State. hat this interference would take place promptly and effectually cannot be doubted. We have no fear for the peace of New York and Philadelphia, nor for the speedy restoration of employment and wellbeing. The worst of the crisis is already past, confidence will soon be restored, the vast produce of the West and South will bring wealth into the country, the merchants who have failen will ing up again with true American elasticity. or their place will be taken by others: mills will re-open, work will be resumed on ships and houses, in docks or in brick- | kilns. and in another twelvemonth the panic and irva. tion of 1867 will be forgotten. But still it is possible to Jook at things too much in the mass, and in our contidence in the community's strength to overlook the Re nay of individuals. We cannot but sympathize aeeply with those who seem likely to undergo a term of great distress. That the benevolence of the prosperous may be counted upon to relieve the want that will surround them is probable enough; that its powers may be equal to the task is our sincere ho, From the event, however, it may be permitted to de- | duce a moral, or rather a principle. The destitution of | the Atiantic cities will remind the Americans how much their social condition is teuding to similarity with our own. Hence, when they bear of poorhouses and begging and “strikes” in the old country, they may learn to look with more indulgence on their neighbors and with leas resumption on themselves. The fact which all recent istory is teaching us fs the supremacy of economical over political laws. Forms of government have, ho doubt, their effecton mankind. Far be it from us to say of governments, “That which is best administered is best.” Liberty of speech and action can alone make n@- tions permanently great; political slavery must produce in those subject to it many of the vices of slaves, and a rule which sustains itself by force and secrecy must have ite hour of downfall. But if political instita- tions influence all that makes life worth having they | bardly touch life itself. Still less can such differences of government as distinguish England and America produce the great dissimilarity of the working man’s condition on the two sides of the Atlantic. Wherever the population is crowded and the occupants are dependent on traffic there must be periods of distress and disturbance, in which aa- BTY possions are nourished and the lessons of common sense and experience are fi . The northern sea board States of America will bly Lave in their turn to struggle against many of the evils with which this coun- try bas so valiantly battled, and, though they will enter into the eld with greater saventagee than ourselves, yet their watch must be unceasing their resolution firm. ‘There is however, @ power in the Americans of amalga mating the races that come among them, which gives as- surance that thay will succeed even with the most «tub- = materials which Ireland aud Central Europe can pro uce, (From the London Post (City Article) Nov. 24.) There bas been a good demand for money to-day, bat ‘an easier tone has pervaded the market, and first class paper has been more readily discountable than was the case last week. The valoe of , however, is still fully up to the minimum rate charged by the Bank of England, and long dated paper {x negutiable only at \ to ; per cent higher, and a commission is Soy el in addition. The intelligence from the United States and the prospect of the stock of gold in the bank's vaults increasing, together with the absence of any reporta of failures of magnitude, have caused & much more hopeful feeling to be enter. tained throughout the mercantile world, and ano- ther day or two of the same character would go further to re-establish confidence than a redaction of 1 per cent in the rate of discount. The high value of money is. however, producing serious effects on the ma nufacturing districts, and already have incendiary agita tors commenced their work in various parte of the coun. try. Asa matter of mere humanity, therefore, it is in the Mgheat degree desirable that the bank rate 8) “, The reduced as carly as possible, in order that the means of em} rded, and the efforts of those ‘icttuate who erasions as the present to excite the working classes to deeds of vinlence be therely thwarted. In the Stock Eechenge the demand for mony has been more ac tive than on Saturday, and the rate has ranged from 7 to 10 per cent on console. THE CRISIS ON THE CONTINENT. (Paris (Nov. 23) Correspondence of the London Post.) As I led you to anticipate, we bave had a gloomy Bourse to-day, and the Threes closed at a fall of 160. on Saturday's quotations. The Bank Council sat today, it is reported, to ascertain what assistance could be given to railway companies, Some say the bank bas agreed to ac- cord fifty millions of accommodation money. Nothing is known concerning the Council of State held this day, it is eaid, to consider financial affairs. All quotations receded on the arrival of English Consols with a fall of 15 to 89% The account*from the Bank of France js favorable; its bu Nion stood thys morning at 1924 millions, being an increase of three millions since Friday last. Threes, after having been done at G0fr, Obe., gave way to, e8tr. 88o.; Mobillier varied from 745fr. to 740fr.; Austrian, 666fr. to 862fF. 500. ; Orleans, 1,266fF. to 1,257fr. 5c. Northern, 867fr. 50. to 866fr.; do, new, 720fr. to T15fr.; Lyons, 812fr. 500. to 807fr, 500.; do. new, 808fr. to S02fr. S0c.; and Southern, 520fr. to 5i7fr. 600 From Galignani’s Messenger (City Article) Nov. 23. market haa been dul quotations were steady ae the opening, but afterwards receded on the arrival of English consols with a fall of 34 to 80% from the Bank of France is favorable; ita bullion stood this morning at 1924, millions, being an increase of three millions since Ld last. ‘Haw rast Tamax O'Crock.—The heaviness in the mar- ket was rather increased towards the close by the an- bouncement of two important failures at Hamburg. {Paris (Nov. 23) Correspondence of the London News. ‘The Bourse was dull; quotations were steady at opening, but afterwards receded on the arrival of English fall of to 89%. The account from the is favorable; its bullion stood this morn- increase of three millioas at ‘5c. consols, with a Sank of France ing at 19234 millions, being an since last. Two important closed were ; cy . 85c. for account, with a fail of 16c. and bilier foll 5fr. ‘wore from 2fr. 50c. Hamburg . for cash, gas p larly affected by the crisis which has ruinous results elsewhere. The cause I have already. The manufacturers generally , and were extremely Cautious in and this lucky timidity will Revbably prove comparative . They bave not their warehouses overstocked with not yet paid for; they have no for. midable engagements to meet, and om. Bia, withous the fear of ruin, wait for better times, This of things ig eaid to be general, but it is not, I believe, uni- versal. Thero are exceptions; some who havo been more enterprising or less prudent than their fellows will be driven to great sacrifices in order to provide against demands which are inevitable. Several of the reduction per cent, while their neigh- ‘bors, who had no heavy engagements to meet, are resolved to struggle on and keep their stocks en hand, rather than e such abatements. The last accounts published by the Bank of France show that the demand for money is not as urgent among the commercial classes in Paris as elsewhere, the commercial bills presented for discount showing a considerable decline; still the feeling is one of uneasiness, and every one inquiries how long the present state of things will last. ‘Among the shopkeepers the complaints are not 80 gene- ral as during the previous week. The demand for articles of winter clothing is now much brisker, but the reais are much under the average of the season. It is to this siackness of trade that in all probability we must attribute tho little preperation for the sale of etrennes or New Year's gifts, on so extensive a seale as formerly. ‘The upward movement in the price of corn which fol- lowed appearance of the Imperial decree permitting its exportation has not been of long duration. Tho fow buyers who presented themselves at the last Paris mar- ket wanted a reduction of 2f. per sack on tour. The de- mand was resisted, and prices remained nominal at from 46f. to 53f. the sack of 157 kilogrammes, according to quality. ipsa (Nov. 17) Correspondence of London Times.] e financial crisis, which is so general in_ other coun- tries, is beginning to be felt among us. The funds are low, and the fall in the Three per Cents is especially owing to the influx from abroad of a mass of paper of the Consolidated debt, the holders wishing to turn it into cash: with a view to the large profits presented by the exporta- tion of the precious metals. It is strange that the Spanish Bank has not raised its rate of interest on discount, which is still at five per cent. Finding, however, that houses who have their representatives in Madrid discounted largely by means of deposits in government stoek, and ithdrew from the cstablishment an enormous quantity of specie for exportation, the bank, instead of raising its dis- count, contracted it within very narrow limits. This abrupt change bas placed in a difficult position several of the principal merchants of Madrid, who have abundance of paper but very little ‘specie. Be- fore the Bank Council adopted that resolution the holders of government securities deposited them on on account of advances at five per cent., which they ne- gotiated afterwards and realized a profit of 24 per cent, ‘ig government Three per Cents in reality pay an intercat of 74, percent. Now that the bank will not discount, those who bought stock with the view of making their 25¢ per cent, exclusive of the profits on exportation, cannot re-sell their Three per Cent paper, as the funds fell con. siderably in the course of two days. They consequently find themselves embarrassed, and the result is much per- turbation in the market. One well known capitalist in particular is said to have lost 4,000,000 of reals (£40,000) ‘on the 200,000,000 which he holds as the proceeds of the i he loan. He cannot discount this paper at the bank, neither can he dispose of it at the Bourse with- out considerable loss, for the simple reason that if it were sold the funds would fall lo , andan enormous quantity of stock is offered at this moment. For the last day or two numbers of people have been to the bank demanding cash for their notes, and yesterday crowds assembled at the doors. The bank paid its rates yesterday in peseta pieces and not in five franc pieces or Spanish dollars, with the ‘view of obstructing the exportation as much as possible. In addition to this state of affairs, it is to be observed that the usual great exportation of our excellent fruit from the provinces of the south and the east, where the crop was so abundant this year, has not taken place this autumao. No foreign ship bas yet arrived in those ports, and the fruit is beginning to rot. The export of Malaga and Ali cante raisins,and of the figs and almonds of reia and Valencia, has failed in consequence of the commercial cri- sis throughout Europe. ‘in loses by this alone $8 .000,- 000, which were annually distributed throughont the country. To finish with this matter, 1 must tell you that esterda’ Mon remonstrated with the representative at irid of a capitalist of European celebrity on his exporta- tion from Spain of the precious metals. ‘If our friends," said M. Mon, “treat us so, what may not our enemies do?’ M. Mon has ’ always been’a sincere friend of the capitalist in question, but he cannot approve operations which are s0 injurious to the best interests of the country, particu- larly on the part of friends. ¢ run on the Bank of Madrid had ceased on the 20th ultimo. It was said to have been got up by some foreign houses, in order to obtain a large quantity of the large coins of 19 er 20 reals; but the bank authorities baffled the scheme by paying in partas—coins worth about 10d. Eng, lish, A report having geen spread that the bank wi not have specie enough to pay all the notes presented, a fication a| in the Gazette that a 3) of would be opened for paying notes up to 14 reals, aud that those of a larger amount would be paid at the bank itself. Tt was said that the bank had in hand 34,000,000 reals in specie, or more than one-third of the amount of notes in circulation; and 27,000,000 reals in bullion. A despatch from Madrid of the 2ist ult. reports a con: siderable export of specie to London and a consequent de- cline in the funds. fr nna (Nov. 18) Correspondence of London Times.) he Austrian commercial world is in great distress, and se" 1 respectable firms would probably have fallen had they not been d. The prices of raw produce de- chne daily, and money is so searce that manufactured goods find but few wholesale purchasers. The subjoined extract, which is from the Ges’-Deutsche Post, shows that there is acommercial as well as a monetary crisis here: Half the woo! which was sent to the last Pesth fair remain ed_unsold, and there was little or no demand for manufac ured and half manntacted goods, twist yarn, &e. The man time held back his goods beca facturer, who for he had not confidence in the persons who wished to purchase, now sees bis mag ‘ocked with things which he eau not well al any pric ‘only consolation Is that as soon an the present stagnation is over there will, as a matter of course, be an unusually great demand for all kinds of ma- 4 ni nivfnctared goods. ‘The best poasible proof that commerce is at @ standatill is, that the bill portfolio of the bank is not so large by 6,000,000 florins as it was in the mouth of Oc- wober. ‘The Austrian Bank has lent 1,000,000f1. for three months to the Trieste Bourse Deputation, which will employ it im discounting local billsof exchange. We learn from Prague b —_ quantities of silver have during the last few lays been exported toGermany, and it appears very na- tural that such should be the case, As long as the rate of discount of the Austrian Bank is three and four per cont lower than that of other countries it will pay well to export silver, and the fact must be perfectly well known to those persons who a few days since counselled the Minister of Finance to leave the rate of discount at six A financier states that M. Pereire, of Paris, has written to one of his correspondents in this city that the French Rank would like to borrow a certain sum from the Austrian National Bank, which, as you are aware, has now very nearly £10,000,000 in silver in its cellars. That the Imperial government is not likely to authorize the Austrian Bank to lend money to its French contemporary need haraly be said. A Vienna despatch of the 234 ult. reports renewed dul- ness on that day. Exchange on London as high as 10 30. The Bank of Lisbon was about to raise the rate of dis- count, which had stood at 5 per cent. Advices from Stockholm announce the formation of a society of credit for mutual support, and to maintain the public credit. The subscription amounted to $4,000,000. THE CRISIS IN HAMBURG. (Ham! Correspondence (Nov. 22) of London Times.) Smee the despatch of ‘my yesterday's loter, (a which I gave a summary of the current events in re- lation crisis here, some further authenticated ment by firms in this city have been rey |. Among these are the houses of Mesers. Blass & Schomburgh, and M. Roo- sen, Jr., both of them extensively connected—the for- mer as general merchants and importers of colonial pro duce and the latter as an exporter of goods to America and New South Wales shipowner. Bills to @ considerable amount havé been returned 0. tested on account of Messrs, Blass & Co., and their liabil|- tes are said to amount altogether to about 1,600,000 of marks banco at least. With respect to the other firm no. thing certain is known, and ail [ have heard is, that it has not paid ita bills due yesterday. It is also mentioned with respect to the suspension of Messrs. Uliberg & Cremer, 80 extensively connected, and 80 immensely involved in monetary transactions with the North of Europe, with Denmark, Norway and Sweden, that hal of the mercantile firme of edhelee atl oom edly fall should Legh LT ad Sail in its engage menis, which are ope rations, or blank credit accel aneemn Tyee much in between this city and thore countr so that, one or two, links in the chain the rest must follow, "and the conseques ruinous to all concerned. It is even said that the government of Sweden, anxious to prevent eo fearful a catastrophe as the ruin of so many of their best firme in Stockholm, bas promised a considerable amount of aid. ¢ banking house of Solomon Heine here has also, it is said, promised a support of 1,000,000 marks banco, and the two city joint stock banks another large sum for the support of partie here in the same course, but how far this report is founded on fact I am unprepared to say; how- ever, great excitement existe among the mercantile community bere as to how things may terminat The rate of discount is nominal, as business ge rally may be said to be at a complete stand still, the little existing confidence vanishing very fast. 1 rarely witnessed such a number of ‘the leading merchants of the place assembled at the Borsenhalle on a Sunday as was the case this day, which shows the anxiety to ascer. tain the real state of public feeling to be great. DRAIN QF SILVER TO RUSSIA. Hamburg (Nov. 21) Correspondence of London Times.] ye aAnnouneement Which has been made that Russia has probibited the export of silver, both on her European and Asiatic frontiers, may speedily have a beneficial ef. fect, not only here, but generally throughout Europe. For many months past there has been a eonstant demand for silver for Russia, to meet which large supplies of French, pe oll = 3 silver ioe Sone continual; ar ere, and these were at once melted {nto ingots and forwarded without delay to Russia, whence they found their way through time to other retut duce. Previous wae se accept to quantities, when, on account of the there was no importation either or raw materials into Russia which the: in exchange, specie paymerts were introd the effect of been felt in all the money markets in Europe. well, indeed, if the measuro now adopted by tatiogge probj) ‘Russia in sue: more abundant. says the St had @ disastrous influence on Rusvia. times is 5 roubles 1 ‘The Central American Gore Ouseley ou a special mission across ate comy however, is a mistake. hard one; but compensation for their losses: pein ie which no government is likely to thou; of such functionaries as ‘The mission with which charged is not, therefore, to the Cabinet of where we have already a resident Minister, ference with Lord Napier. It is to the America. the first stance proceeded to that capital to Sir W qualifications for a mission of this talents may not be brilliant, but his ig kindly, bis manners are ‘conciliatory, desire to be useful is single and North and South America, At Rio de Janciro of the very few popular ministers Englaud ev that he failed to act up to his instructions, but so many of his predecessors and successors, ciated and understood the country in_ which wi management. ed its success, and anticipated what commissioned to superimtend would will Ouseley has domestic bave taught bim a better knowledge of their affairs than our diplomatic by ag general! and have inspired him with a see the relations between the two States of th unscrupulous’ and slippery men. On the whol it must be admitted that Lord Clarendon has ditable selection. Nevertheless, doubts may reasonably be of success. Lord Clarendon’s general United States has been so unsuccessful mistaken, as to suggest a belief that the Foreii imperfectly understands American affa' judicious speech in the House of Lords he policy & alliance included objects offensive _ to pride, which his somewhat undignified lotter Webb failed to remove. the States, and the correspondence to which rise, he bestowed on a desperate President an of insulting England, and of returning on her Minister and Consuls. Though legally correct encouraged the American suspi depth and width of which it was ontirely in his negotiations with Mr. Dallas and the voy, he their labor nug Senate, and bas now to begin the whole simplicity about Lord Clarendon, which tends, nerease very far wrong. out of Lord Clarendon’s antecedents. As y chanan has rather discouraged it. He would he Mt @ thorough, party myn. Moreover, rendon, by his delay in resuming active has allowed a favorable opportunity. to esca likely to revive the hopes and designs of the and to restore the Soules and Slidells to politi “Let” exclaims a New York journal, which scent of coming strife—let Comonfort give t he will have from here at once the elements up @ new empire in Mexico. Let Costa Rica gua come to blows, and their respective part our New York commodores can take them let the guarantee them an army their banners from one ond Domingo, we will the and mighty empire. revolutionists say the that and we will overrun Cuba like a tornado. ry If Mr. Buchanan do not keep a sharp look out it indicates cial mission at this moment on the part of Eng! tral America may tend to excite rather than ment when it reassembles, Lord Clarendon m: bimse! The precise time selected for the mission will Mr. dency. can place himself, bis instructions and powe with the policy of the Washington Cabinet and of the democratic party, it is not easy to see have the least chance of «1 in Wichout that accord and an erican colleague ly trust he will not proceed to those States. such an understanding and co operation, he wi! other them he will only too certainly full. agrees to, another will dissent flicting interests which hostile Ameri in the route across the isthmus will be brow against his best general arrangeme! rican republic will soon render it nugn ‘The financial crisis which now weighs upon Peteraburg correspondent of the Nord, Gold has be- come extremely scarce. For notes of 100 rou. bles the discount office gives only five roubles in spe yet it is beset overy day with crowds of persons who wieh apg for their paper. On the 14th of No- vember the imperial, the value of which in ordinary 3 60 ‘was quoted at the Bourse at Question. {From the London News, Nov. 21.] ‘When hor Majesty's government recently sent Sir Wm. ‘Atlantic, it ‘was surmised in some quarters that his object was to ne- | got pensation for the losses suffered at Greytown by British subjects from the American government. This, After what Lord Palmeraton said on the subject of those claims last session, and after what has occurred in a similar way in the Canton river at the instance of British authorities, it is clear that the English sufferers from the bombardment of Greytown will have , to go without indemnity. Their case is no hea se : very involves & | ‘matter with President Buchanan and General the views of the British government to the leading Congress who will shortly be gathering ther. iam Ouseley bas, it may be admitted by those who belong toa very different school of politics, some sincere. has had considerable experience as a diplomatist, of both their frowardness and fractiousness. gard him as a thorough diplomatist, and do not, it is ob- ‘vious, give bim thelr confidence. Nor are they perhaps of the other, annexing Hayti, and establishing a new jet any of the goveraments in Europe give us at this time but half a chance Before three months are over our people will be ready and anxious for revolt and annexation anywhere. They are fast get- into that state that they must have a fight or spoil. constitute another of its difficulties, and may embarri Unless Sir William Ouse! pro. late war between the ‘Western lowers and Ruasia it was customary to bar- ter cottons, woollens and other goods for teas, silks, &e.; but as these could not be furnished in sufficient blockade, of manufactures could give juced, and alteration has, to a certain extent, It will be Russia on this subject should have an opposite tendency; and it is | not atall improbable that it will be eo, for, when expor- ibited, a check is at once given to the impor- tat! 180; and as the silver which has been taken off by ‘quantities wil! no longer be pote f the supplies for other quarters will consequently become Europe, 6 roubles 56 coupecs. ‘bankers are charging 15 por cent for discounts. Sir Gore ‘9 Mission to Washington— assent to, the admission of liability to indemnify neutrals for the destruction of their property would operate as a very useful restraint on the exaggerated an’ mischiovous zeal pt, Hollins and Sir J. Bowring. ir W. Gore Ouseles has been ‘ashington, and where such a mission would be a waste of money, and an inter- of Central But inasmuch as there 1s no solution of the embarrassment and intricacies of the affairs of these States except through Washington, Sir William Ouseley in discuss the Cass, and sort. His disposition and his He he was one er had; not that, unlike he’ appre: he reside:t, and put discreet constrectiona upon intemperate orders. In 1845 he was sent by Lord Aberdeen on a special mis- sion to the River Plate, and though it failed, its failure in no respect owing to Sir William’s want of tact and Those who knew the country never expect- turned out to be the case,’ that the interference which he was leave worse than it found them. With the United States Sir counexious which matters people and Hy possess, leep and earnest wish to he most inti- mate kind. With all these geod points, Sir Wm. Ousley is, perhaps. deficient in force and vigor, is slow and operose, and not fitted, from tastes and inclinations, to deal with le, however, made a cre- entertained whether the mission has in it any very promising elements towards the in_ some respects so cretary very By an in- created an impression across the Atlantic that the Anglo-French American to General By his recruiting proceedings in thoy gave opportunit aus bet in his con- struction of the Clayton-Bulwer convention, by the perti- nacity with which he held to and aggravated trifles, he icion that his policy had a guilds. And Nicaraguan en- med a clause 80 unskilfully that it rendered all tory, got his treaty rejected by the affair over again. The Americans are, we are quite willing to admit, difficult people to deal with; but there is a want of frankness, candor, straightforwarduess and we fear, to They re- Ope of Sir William Ouseley's difficulties then will arise et, Mr. Bu- chanan’s Presidency bas been free from any manifesta- tion of ill will towards England: and so far from having giving any encouragement to a filibustering spirit, Mr. Bu- d, no doubt, like to distinguish his government by a settlement of this provoking Central American controversy, provided in such a settlement the views of his party predominate; (ut that Mr. Buchanan will make any coucessioms that wilt eparate him from his party is sna tobe anticipated, ‘or fra" Ci negotiation, pe; and Sir William Ouseley will arrive at Washington at a ime when financial disaster and commercial embarrassment are tilibusters, jeal activity: has a keen he call, and of building and Nicara- ners among 20,000 men each in two months. If Raex be not driven from St. word, and will car island to he will be carried into a war withsomebody before he is aware is, of coursé, rhodomontade, but it exhibits im itg id wickedness a danger that’ is approac rising state of popular teeling which a spe- ing, and land to Cen- allay. And if the real object of Sir William Ouseley's mission be to stave off inconvenient inquiries and discussions in Parlia- ay be found to have embittered the relations between the two coun ries oy an endeavor to secure a little personal ease to I, therefore, =. in accord the designs how he can antral America; and we ‘en with i} find inthe Animositios which thoae States entertain towards each eat and serious obstructions to success. Without What one State aud upset; the con- ‘companies have ht to play efforts; and even should he complete any nt, the filibasters of the North Amy. Is it possible then to come to any accord with the Wash- ‘ington Cabinet? That is the first and the main question, ‘We fear not. The pro-slaver, rty are in the recent elections’ inthe Staten, ba power, Now the policy of Lord toh Oh anit slavery j; and unless he will the article which he ing the introduction of sta 1ing to restore to into the power, and ve augmented their Lord Clarendon is in this quee- recede from inthe Honduras treaty prohibi Islands which luras, if would appear impos. it sible for Sir William Ouseley to secure the co operation « Mr. Buchanan and General Cass in his mission to Contre America islets was of so imminent and serio quire such an article, we cannot now consider. present state of parties in the United States, it as the corner stone of British policy, and is use any arrangement, Neither is it to be doubted that the real objec party in the States is to procure exclusive righ passage between the Atlantic and Pacific, not cop ont our commerce in time of peace, but to the United States the great advantages which to exclude us in time of war would give them. sign is obviously promoted by present delay. ‘As a manifestation of our sincere desire to Whether the introduction of slavery into those character as to re. But in the is regarded ed to defeat ot of a large 1 over the in o secure for the power This de- be on the best terms with the United States, every one will approve of this visit of Sir William Gore » Washington. y But it does not inspire, under all the circumstances of the cage, many hopes of co-operation, bis going furth much more harm than good. News from India, CRITICAL POSITION OF THE EUROPEANS AT —GREAT ALARM IN BOMBAY AND. From the London Chronicle, Nov. 24 curing accord there; and without or will, We are persuaded, do VOKNOW TA. Although we have ad’ news’ eka ‘Marsellcr up to the same dates as the news brought by the Indu, ampton on Saturday last, the ‘and Bombay are much sought after in order to 3 to South ngers from Calcutta learn from path ag wand J ean LF | Lene Ly open Journals, the very latest intelligence that reaches the sea- ports from the revol durioe, andalen the fooling that ‘ails in the he upper previvess. The Indus excitement prevailing in Calcutta ax news of Lucknow being relieved than at that ture of Delhi—a difference which arose from cities ting the events in aw describe the greater at the of the ap: the fearful ly entertained Fempecting the fate fe the capnal Oude. rajoicings, the of refore, ‘a and Outram’s victories were ex- suse hn tle pesoeugers represent that these rejorcing® Ato | lock had written ‘most urgently for reinfor 3 peer it was found he heey hemmed in that he wae in as dangerous a predicament as the garrison he had se gallantly relieved. He was surrounded, it was said, by 50,000 mutineers. The traitor Maun Singh was his priac- pal assailant. Nena Sahib was, it is asserted, wounded before Lucknow. The wrgency of Havelock's demand for reinforcements was so great, thal the Calculla governrtent ‘was hurrying the troops away by a hundred at a time, and these treaps had to get up the country the best way they could. ‘The difficulty of these troops getting provisions aud means of transit is, it appears, very great, Some of the Bombay passengers state that when they gtepped on board the mail packet, it was rumored that the news had been ceived from’ Madras that the Europeans at Lucknow were in @ most critical and that their retreat was com- cut | pletely yp two mati- me yp a th pero ge Ley reat amongat the native troops, and much alarm was still felt in the Bou. bay reaibnty: Calcutta wan filled with refagees, and Indies who arrived out from Europe were obliged 10 be kept on board ship, China, Anextra mail from China had arrived ut Suez with the ore dates:—Shanghae, A Kong, Lord was at Hong Kong on board a man.of-war. ‘The Tr Belge says that orders have been smb to Admirals Seymour and It de Genouilly to com- mence active hostilities against 5 A violent typhoon at Macao on the Ist of October had caused severe damage, chiefly to native shipping. Exchange on England at Hong Kong was quoted 4s. 11d, | 45. 113¢d., and at Shanghae 63. 73,4. ads. 8d. Operm- | tions in tea were limited, i Spain. THH MEXICAN IMBROGLIO—ITS PRESENT DANGERS— H POLIOY OF FRANCE AN) ENGLAND. ' [Paris (Nov. 24) Correspondence of the London Times.| | wea, English sai Frenci governments, gms, ston joldv-Wallachia they perfectly on rairs Spain, present and iin Re fora Jowden is about to return to Madrid. His jor iship has been detained hore some t'me by the Mexican question, which still presenta i seme Oiionlin ont comm Songer AF left unsettled. It is un- derstood that Lord Howden is charged to show the Spanish government the expediency of receiving M. Lafragua, the Mexican envoy, and thus allowing the mediation of rr land and France to proceed without delay, as, beyond doubt, there is a numerous party om the of the United States’ and Mexico ‘waiting for an opportunity to am- venom the quarrel in order to turn it to their own While the British Minister at the court of Madrid has in- structions to this effect, the French Minister in Mexico wilt receive others to endeavor to persuade that government to withdraw its pretension of having M. Lafragua received at Madrid as an indispensable preliminary. It is hoped that this double action of Lord Howden at Madrid, and M. de Gabriac in Mexico, will prevent an ex; which wilt most certainly inflict ‘much damage on all concerned, if the governments of Spain and Mexico continue in their presant obstinacy, and allow so much danger to both to follow from a question of vanity and point of etiquette. [From La Espana, of Madrid, Nov. 15.) We desire to see on the part of our government, bo it who it may, leas hopes for energetic action and more posi- tive facts in the contest with Mexico; therefore we are not entirely satisfied with the following lives, which the Hojas of yesterday contains, as a sort of sedative: “The fears exhibited by some journals that Spain will ad- mit the humiliation of accepting the conditions imposed by Mexico as the preliminary of a reconciliation, are entirely without foundation. The Spanish government, as we learn and stated yesterday, will in no manner consent to the reception of Senor Lafragua as Minister Plenipotentiary in Madrid, before due satisfaction is given to us. The Spanish government will exhaust every honorable meang to preserve peace, but will not sbrink from a war whem necessary to preserve the national honor and the interests of its snbjects. Mexico should know that Spain abounda in resources already prepared to make her feel the weight of our indignation and our justice. [From the Liverpool Mereury, Nov. 25.] Perhaps the revolution which has taken place in Mexico may be instrumental in effecting an amicable adjustment of the differences between that country and Spain. It seems that the new constitution in Mexico has been sus- | pended, and that General Comonfort has been declared Dictator. ‘The Furniss-Woodman Case tn Paris. [Paris (Nov. 23) Correspondence of the London Times.} ‘The Anglo-American society in Paris bas been indulging its curiosity by reading the New York papers, which hava given the details of a most singular case, in which the rineipal actress is a lady who mingled in good society im ‘aris two years since. Woodman made a considera- ble impression by her personal beauty, her elegant man- apd above all by that recherché toilette that never ecure here its access to fashionable circles. ier however, was delicate, and she did not appear ag frequently as she was invited. It seems from an affidavit which occupies aw immense space in the journals, that am American gentleman contrived to make her forget her duty to Ler husband, who, without dreaming of her infl- delity, took her home to America, whither she was fol- lowed by her lover, whose conduct was of the most atro- cious character. Threatening her with a disclosure of her conduct, and the exposure letters sho had addressed to him, he robbed her of all hee jewels and her articles of dress, and upom er giving him no more money , he treated her with a bar- arity that almost finds its parallel in India; he knocked her about violently, choked her so hard that she became black in the face, and threw her against the wall till she senseless. Her affidavit is of so extraordinary character that the learned Jadge believed it to be the rav- ings of a wild person, and desired that the commissioner before whom it was sworn should be produced, to stata under what circumstances it = = The details of iy two days. hole ‘case were painful and di ‘ing; but they were suddenly put a stop to by the withdrawvl of the affidavit by the lady. This affair, coming forward in the midst of the financial calamities and commercial troubles of the country, excited the a at interest in New York, and the comments of the leading journals upon the little importance of the reverss of fortune in comparison with the sorrows that domestic misery brings, are somewhat curious at this particular moment. Markets. RICHARDSON, SPENCE & CO.'S CIRCULAR. Liverroot, Nov. 24, 1857 Monetary matters have assumed a more cheerful pearance, and the goneral tone of trade is to-day rathet more lively. At Mark Lane yesterday wheat recovered from the depression of inst week, and met a moderate sale at the prices of the previous Monday. In London, as well as the bony eee markets, farmers are Mis week delivering jess iv. At to-day's market the attendance of buyers was good, and for wheat a decidedly improved feeling was maai- fested. The decline of Friday was generally recovered on good qualities, and the sales made were at much more regular rates, Inferior kinds were more saleable at fully late prices. Flour met @ retail sale at about the rates o€ Friday, Indian corn very dull, and again 6d. to ta. cheaper. We quote wheat, red, 6%, to Ts.; white, 6s 6d. to Ts. 94. per 70 Ibs.; latter rates for choice in retail. Fiovr—Philadelpbia and Baltimore, 268. to 266.; extre Ohio, 27s.; Western, 24s. to 24s. 6d. per bbi. Indian corn—Mixed and yellow, nominally, 348.; white, 375. 6d, to 398. 6d. per 440 Ibs. At ports of call there have been considerable arrivals both of wheat and Indian corn Bux, Pons and Bacoy sell only in retail, without changa in value. LaRp continnes quite nominal at 588. to 608. per cw Tasiow ip rather more inquiry, and 49%. made for Butchers’ Association. In London the market has asa slightly improved, and closes quiet at 49s. all the year, 498, PY. ©, to 49s. Od. January to March, and Sls. March (oc “Romi dull at 4s. to de, 8d. Rank without alteration. Corrox.—The business was increased yesterday to 5,00 bales by an expor#demand for 1,500 bales; but to-day, ‘again, the market has become very dull, ‘and the toil sales only reach 2,000 bales—300 for export. Although there does not seem to be much cotton ing for sale, still the supply is so much in excess of the demand t prices are irregular, and generally i¢d. per Ib. lower than on Friday last. In Manchester there is no rovival of hui ness, and money there is even scarcer and dearer tham here. Middling Orleans, 644d.; Mobile, 6%4.; Uplands, 6 6-164. to 6%. per Ib. THE VERY LATEST. Liverroot, Wednesday, Nov. 26—2 P. M. Meeers. Richardson, Spence & Co. report broadstufiit quiet at Tuesday's rates. Provisions unchanged—noth ng doing. Cotton quiet—about 3,000 bales sold. Loxnow, Noon, Nov. 25, 1857 Consols 90 a 904; for money, and OO a 904% for account, No Seat no Fars ix City Rarnroap Cars.— The question is to be tested in Boston by a law suit—Wig- gabe Vs. the Metropolitan Railroad—whether a ger ina cliy tareoten dpb Fie ype ae wheo he bas no seat and is compelled to stand. __.CARPETING, UPHOLSTERY, 40. _ ("bear Al CURTAIN MATERIALS, in every Al bf shades, gilt pag od LORD & TAYLOR, Nos. 255, 257, 250 and 261 Grand : CLOTHING, fee ee TO INVEST IN SROOND HAND CLOTH $5,000 ing —Gentiemen pays left of ar surplus clothing into cash, ean re re al per cent murplue clothing Into cna cog JAMES MORONEY, (0K Pearl | QQLOTHING WANTED.—ABOUT $100 OR $200 WorTit, Heese. der or rendy made, in exchapge for ine liq. one from a $5,000 stock, Address box 3.199 Pot ottiee. reet, near Chal for debt. I pS.—PRICK REDUCED TO SUIT THE TIM, ‘and West Tenth to Wee man fe ibe Sop time, and 15 centa in the ev ix tables. A large toot folel to committees. Two second hand tables to let or (ot wale, Sixth aven eara pase the door. peewee bed. ened 8 PATENT BILLIARD TARLES—PARTIE® Hoan en cond billiard tables wil fd the prawent a fayors: time eo prcrenere fn ibe baiand fine shone tee cae rer ables, with as and 780 Hroadway. tonnutaatiey. aa Ane raat Rraeaamnamonneaaed ED IN TEN SOON new and original pr REA AANA ENTISTRY —TRETH EXTRA without the slightest pain, by m ee rion orn ft his almirable system ia praction! b¥ ine onlg, , Raferones given if required RK. G. DURKIN, 433 Canal street, near Varick. SEGARS, AVANA, DOMESTIC AND GERMAN SEGARS AlWE sold at ruinously low rates at my establishment for exh. fa are particularly invited to examine the varions ta- voices Which are botag closed det topay cash atvances. 0. HERES AT Broadway.