The Messager des Chambres gives the following account of the
ar- rangement for the payment of the United States Bank bills, which Horrismuun and Co. refused to accept- " The house of Messrs. Rothschild, which held a great part of the bills pre- tented for acceptance to Messrs. Hottinguer and Co., has intervened in support of the honour of the American signatures. The bills, which amount to ten millions, of which only two millions and a half have been presented up to this time to Messrs. Hottinguer, have been accepted by Messrs. Rothschild. It is stated that the refusal to accept by the house of Hottinguer arose from the circumstance of the bills of lading of the cotton, which was to serve as gua- rantee for the bills drawn by the United States, not having been sent with the letters of advice, which stated simply that the cotton which was to be con- signed to Messrs. Hottinguer was purchased, and would be sent by the first vessels. By the arrangement which has taken place, the cotton, which is ex- pected in London and Havre, will be consigned to Messrs. Rothschild." The Reparateur de Lyons announces that a commercial house at Grenoble had failed for several millions of francs.
According to the Moniteur, the Commissioners for regulating the affairs of the German Customs Association have decided, that import- duties shall continue to be levied according to the weight of goods, not ad valorem as had been proposed.
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