27 SEPTEMBER 1834, Page 9

There have been several commerciel. failures lately in the Metropolis;

occasioned by the scarcity of money in some instances, and in others, it would seem, by gambling and misconduct. The report of the pro- ceedings in the BankruptcyCourt yesterday in the case of James Smith, a stockbroker, disclosed some discreditable transactions. The bankrupt applied some money remitted to him for investment in Danish and Russian Securities to his ovra private use ; though he retueled an account to his correspondent which led the latter to suppose that his funds bad been regularly invested. Messrs. Glyn aid Co. the bankers. are men- tioned as among the largest creditors o; this person. It does not seem to be expected that the Bank, with its present reduced stock of balron, can afford the money market much relief.