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the requisition originates, should be so energetic for the abolition of the smaller tax, whilst they never make a movement against the greater, is beyond our comprehension."—March 11. "There was a great scarcity of money in Liverpool and Manchester on Monday, but it does not appear to have led to any stoppages."—March 18. "A few weeks ago, in treating of the pressure on the money market, we ventured to express our opinion, at variance with that of our contemporaries, that the crisis had not come. Our views have been strongly confirmed. Large issues by the Bank of England to meet the emergency of heavy payments on the 4th have indeed averted the evil day ; but the exhibition of a strong stimulus after inebriation is not always the way to restore health."—April 8. After notices of heavy failures in London, Manchester,Liverpool, and Glasgow, "It appears that in consequence of the sudden restriction by the Bank of England of its discounts to the American houses, such discredit has at length attached to their bills as to render them of no use for ordinary commercial purposes. The consequence is, that all the remittances from America, in payment for goods, or debts of any kind, are no longer available, because bankers refuse to receive them. Cotton and other articles of produce have also become of no value for the purpose of meeting engagements, for they cannot be sold and advances cannot, as at the Bank of England the drafts of merchants on brokers who hold produce are refused discount."—April 15. "The Bank of England has come to the determination to assist the American houses on proof of solvency and assignment of their effects to two bank proprietors."—April 23. "The distress has now reached the working classes. In this town and its neighbourhood, many of the factories are working only four days a week, and some thousands of hand-loom weavers have been discharged. The next effect will be the impoverishment of the retail dealers."—May 6. More heavy failures reported.—May 13. Heavy failures in Glasgow