The crisis hag not come, but is fast coming. In
Manchester some serious fames have taken place. A calico-printer, one of the oldest in the trade, wh 1828 was understood to be worth 50,000/., an old house engaged in spinning and manufacturing, and another in the same trade, of' more recent establishment, are of the number of those who have had to solicit the forbearance of their creditors, from the ruinous reduction of prices. We cannot indulge the hope that the worst has come. From 1829 till 1836, business has gone on with scarcely a check, and the ramifications of credit had been widely extended. One failure, therefore, now produces another, or creates difficulty which is almost equal in its results to a total failure.-111anchesrer Times.
At a meeting of the Manchester Chamber of Commerce, on Satur- day, the following resolution was adopted, after some discussion-
" That although the present situation of the commerce of Manchester is not such as to require assistance from Government to this town anal neighbourhood, this meeting is of opinion that, looking to the probable consequences of the heavy calamities apprehended by the merchants of Liverpool, and to the manner and degree in which they may affect the interests of the Mandolin ingiliatriete, the application of that body for aid should be supported by a depatatiun from this Chamber."
At the Exchange in Manchester, and among manufacturers of the first class, anxiety and uncertainty are palpable and distressing. One sees them standing in little groups of threes and fours, holding deep con. sultations, with the most earnest and depressed looks. Some are scarcely capable of attending to business, from mental agitation, but go to and fro, asking for intelligence and comfort, but Wing none. I am assured that among the upper classes the suffering at present is more severe than id m 1825 6; for the system of bolstering no, which has been resorted to, has produced it general feeling of uncertainty that
has no limits. Nobody knows how many individuals may or may not ultimately weather the storm ; and as the greatest capitaliets are mole involved, no man, in looking at his ledger can tell on whom he can depend for punctual fulfilment of his engagements.—Letler front Man- chester, in the Courier.
The commercial intelligence from Leeds, Halifax, Huddersfield, and Bradford, is gloomy. With respect to the iron-trade, the Sheffield Mercury says—" The iron-trade supports itself with more firmness and steadiness than the cotton market ; but it is the opinion of parties con- versant with the market, that neither the rate of wages, nor the price of ore, nor the advance upon coal, nor all put together, will enable the ironmasters to keep up their prices."
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