rived  here.  Several  failures  have  taken  place  in
the  commercial  part  of  the  community,  but  not  fo
serioup  in  amount  as  those  which  have  preced-
ed ;  and  it  is  confidently  hoped  tliat  the  severity
of  tho  crisis  has  passed.  A  steady  influx  of
gold  and  silver  has  rendered  the  currency  less
restricted  ;  although  discounts  still  remain  at
very  hi<rh  rates,  and  money  very  difficult  to  be
obtainod.  The  Directors  of  the  Bank  of  Eng-
land availed  themselves  of  one  portion  of  the
recommendation  of  the  ministry,  mentioned  in
our  last — the  charging  "  a  high  rate  of  inter-
est f  hut  omitted  to  comply  with  that  which
urged  an  enlargement  of  the  amount  of  dis-
counts and  advances  ;  and  their  proceedings  in
this  re8j)cct  have  called  forth  considerable  ani-
madversion. The  number  of  bills  drawn  in  the
colonies,  which  have  been  returned  in  conse-
quence of  the  late  failures,  together  with  the
low  price  of  sugar  and  other  colonial  products,
will  yet  cause  considerable  embarrassment ;
but  on  the  other  hand,  the  slight  rise  in  cotton
and  grain,  will  cause  a  greater  buoyancy  in
the  tnid(»  with  this  country  *,  and,  although  upon
the  whole,  the  amelioration  is  but  small,  the
change  will  operate  to  restore  confidence,  and
may  prove  more  stable  from  being  of  slow  mo-
tion. Strong  liopes  are  entertained  that  the
Royal  Bank  of  Liverpool  and  the  Bank  of  North
and  South  Wales,  both  of  which  have  suspend-
ed payment,  will  be  enabled  to  resume  business.
