The press. (Philadelphia [Pa.]) 1857-1880, November 24, 1857, Image 2

• ;"!s:•tk.:-112.11-{.4,4
X 6 f# Bß/ V 4 s 167'
CONTEOS or keys Aon.--The Edneat
21 Testl;',Degitsb Chimgliment to in Attiesrl=
can; .The. Dot& Pciii
ocadagratieti lit - demote; thins trottl'exas - ;
Commercial Drlstsin Ittope• Descent by the
Notice:yeio irrae - -Loris Intkitutiot ; , Gene
ra; News; Whole s side %Studien in the , West.
- Potreill - Nin.-46ndon and 16; , Peliple;,
Eloquent Appesii Tale of Dorset..
cUIiREPiCY
h a ve been edified hy the, varlims com-:
nee* Open thelate letter Of out eermsPoident
at- the' Seht' of the FederatGinvernment, Who.
ventured 'to •expross the .oPitilen' that My;
Btienixas.woiald take 'occasion; in his annual
"messages to restate his well4paown views in
favor, of hn extended SPeelebeisis for eurreney,
and' of,the haportanoe, collecting : the:te
rmites and , Paying the debts ' of the Federal,
Government - and
,allter: SoMe are
silly enough admit . te_OPinia 4, o id pre
judiod,:Of '184(/ - the !of low wage's;
but the majerlty, and
newspapers; no matter of what.polities,,nre in
favor of a thineiagh and, radteat ohangein • the
present sYsteni=one that
nearest theknimt:notions of
,the ; President.,
A lbw Years ago ; there was quite a proteit in
different States; Ter and tiger, igainst Penn
sylvania, for,:, expelling ;from 'her borders all
notes ender . five' dollara. , -The sucesassef_ttiii
experiment, and .tito - ,',triumpharit eentirinetiott
of Ur, -•BUCHANAN'S views .ipee'ell of ,
Februark,'loo; In' reply' to Davis, has
eielted:a general of pro:'
hibiting the circulation Of all hank notes Under
twenty doilari:;' We have. no doubt that , this
latter reform .will tie , speedup' accomplished..
It is a.circoly necitiiiry t 104,14 "tit iitOpilppeii
should b . & passed' to aceentplialt this -reform:
Its obvions pii•priety and . ;;neoesritq , are such,
that any one State inatigurittnif 'twill Steadily'
be followed , by, all the 'rant.' `Pennsylvania's
course against: Sinai' notes has; furnished a
proof to the whole eonntry that the ptehibitilim,
may be safely and wisely extended to notes Of
a larger denotnitiatfon."
MR. REk.MOPIT,;
Much . of:the:, - cartfittide'of the day are_
included in the habit, 4 .- .persanal,, Praise: - of
prominent men. , We can reasonably avoid
this businesS':in,Titi gangs; We shall be glad. ,
But occasionally the tendencY to assail inno-
cent' men le' apt to be carried to au extreme,
not 'less ridiculous. - An, Instance hi, to be
found in the following extraot,from
ington correspondencebf the 4forthAmerirli
date'd'goveMll4.l?,4 :`
,
"TheY ataXted(a:storjthe;etlicil
Belmont was to withdrew train' his g ol den i
balls In'
Wall Street, sedge to Madrid as the pre announced
negotiator for the pinehaiii of, Cuba,: Viongh htt'
may have ft blear for sharp eperationironlOharige, '
and have turned his teem* • Misidon to 'ftaaoauti,
this sort, of caper/input *aid • *eve =rather a'
questionable -venture utioit 'forbearanee.
The Ades has, hmiever; never bentCentartained
whet* the iesponsibtl4 prqmslyiselonge, and it
is not likely' to be under any cireumstatmes that
can probably arise. In beingsent to the Hague, Mr.
BelmoneWati fully Compensated :for his aubaorip
tion to th e - election ,01 .- Cianfkal Valve; • Lod this
was about the extent of merit or. quallatation
that he ever, - presented."•, •-•• • • •
have to say - A reply to MIS :Most,
ungiselOns and munmeasary assault Is,as'
,that,
of the - Porta- 4merieen, •
4( Inneenstinsr,"
anxious to be,"regaideei Boit: of einsfidebthd
atteehl of the :Ststopp&rtmetd,itidits 'onO
who receives all the doings of. ourpeniperatie,
Administiationin advance of everybody else;
he Might - refresh niensorl Mid at the saute'
time, rebuke himself for this most eanselem
calumny tmott Mr. Bemteirr,lf be
Gen:" aal3S, the Secre ta ry .Of State; ang
him for the despateites.nt pi4:4,:tic - 9 i. 40:
Cass, in -which- gr.; elinixoni'i - distingulshek
ability and eACcienoy, While:Riaident Minister
•
at the Heine, are and OoMmended.,
Wo , do,notthink Gen: CASs would be !Mar, so
ready torefusttOopies of- - these testimonials as
Isnerzinster",wiiuldbe:te:rafnee'te Publish
them in . his letter tOthe North dinterican.
Nloi4Xlr , RIFITTERS Euitont. ,
The- AmeliPslu lialljlee/trke.gs*e*t
Having' creased the , Feat vatervit lunrcam.
meneed to' doiastate Englank and *lining &retry
commercial . country giiro i * lit - tinkering,
more or less, from its effects. In Great-Bd•
taro, it his heavy Smitten three interests-;-the
banking; the, trading,: and tbe''manalltaturing.
Three great banks have been pioStrateit_riwc;
in Glasgow and one in Liverpool: • There has
been a run for geld in varlemiparts of Ireland;
and the different .bank agencies in
wire crowded with persons handing In theli
paper promisee' to pay; and feverishly demand
. •
mg specie. • , , r
Some of the , greatest; commercial „houses
have been compelled to suspend payment—the
alleged wise being that they heel bwie deal
ings with the United States, and were wholly
unable to obtain money from their numerons
heavy debtors there. The Batik . Of England
his advanced her rate for discemits piton per'
cent., the highest rate yet known to have been
fixed by that great establishment. 'Nor is this
all—the markets have fallen, from sheer want
of bnyers, and, with heavy stocks ' on band,
the manufacturers .abstain from purchasing
cotton., The Government decline, interfering
with • the Bank of England, and thus ahei
confideime in the eolvency and resenieee sad
conduct of that almost national organization:
' The object Of 4he bank likraising the dis
coMit so high;unquestlenlibly, was4ci • prevent
the further export,etion of goid. Ten per,
cent. on discounts is too high .a price for gold
to make its export profitable and gold:is as
much a' Matter of merchandise as 'cOtton;
sugar, or rum.- Indeed, so anions are the
French to check its leaving them, that a tax
of three per cent. on all exportii of gold ffoni
France was proposed to 'the Eitiperor, and,
though not accepted, lie proposition *hews
the .-feeling. The , Atlantic brought over
$lBO,OOO in gold on Sunday, hilt the .ddriatic,
which sailed yesterday ftoni ,New York, took
back $500,000. So, tike tide Would seentfe be
in its reflux. ' , „
Yet bad as this, condition• of affairs con
fessedly and deplorably Is, every •nne• igho
looks even ton years back must= admit that It
havebeen nuich worse. some • re
spects it was worse, in 18464, when, in addi
tion to commercial involvements and - difficul
ties, Ireland Was undergbing the painful and
terrible trial of being depopulated byFamino
and Disease. At that crtsia, • as Americans
well remember—for their bounty liberally end
promptly helped to relieve , the •priaaing want
which was crushing the life out of thee poor
Irish—there was a,-deficiency in food; and
a lack of the Menne to buy tt: • sot
,s 6 at
present. All over Europe the late harvest has
been so unusually Productiie, that'whaterer
other distress may arise, want of feed there
cannot be.-
. There will boa want,, we
,think, of money'
-wherewith the laboring ditties can purchase
it. Agricultural laborers will .have, the ;anal
average of employment and tho usual avekge
of wages. But 'the working classes in the
'manufacturing districts
-are likely to be gen
orally unemployed during the . winter, and
under such circumstances, they have' fro
..
quently broken into rioting and, plundering.
The ilrat law of nature is self preservation,
and starving men ire' net welt -'disposed
nicely to , discriminate between ,ntruni and
tuarriL—between what they • want' and what
others 'possess. Already, as a; private letter
from. Lancashire informs as, "In Blackburn,
where most of the hands are wst of work,
the Mills stepped, and .the ' shelves , 'loaded
' with 'immense 'quantities 'of manufactured
cotton • goods, unsaleable' if eXpoitedi ' the
workmen havo already proceindons,
in vrbteb
.were borne aloft huge flags 'inscribed , Food
or Iflood. , "
If it be true, and we,doubt it not, that there
is a glut: of manufactured 'cottonlootts, with
out the usual nioneY;or 'produce market In
which to
- sell or exchange ,them, there can be
' no difficulty in tinderatimffing why the price ;of
the met material is so tough end so increaelugly
deptossed- Engle:rid, - .two questions arise
Arid; with'thie 'elut goede t are the menu-.
• teettirers likely to de ,more thau,:will just pre
dent the" spoiling of their extie9sive and dell-,
e ik t f oieehieery bydhluee 11, • exN thete not
::,e.'etionee•of. the cotton mitrie't being,itutted,
41 , 04 tvent'of l hey:cie;andpeprleeelytitSdrtber
(144,1,Ii1040:F*0:1:00, tE h Pt of
'4414, - contiritte;may not the questtoe lie, not
much hut how , littie gold tint lnglehtt
f: • 2 - "leend to Atttertca for cotton. • Whether co Eng
meal La'y'out, cotton' , (dnringithe next
or tive trienthe) wen n it **dr ini7
Oifigic toted #9w ! •
liiiii=l
HE. WHARTON'S 080 1°1 1d,.-1i • • ~'
:In 'consequence of the extremenclemeney of
the weather, the attendanoe,atthiCoilege ball of
the, University of Perinsylviiiiii, hit evening, te
hasr the annual address before the Society of the
Atheini of that institution, was not ea largo as the
interesting oherseter of the occasion deserved,
although the orator, Gaortat bf. Wrisnrou, Esq.,
had - the satisfivotien 'of it Bowleg., that ,what was
lathing in nuithers 'Made up in use intelligence
'of his • • ,
licrqr9,Pl l ., , TO; Of Abe year ..was introduced,
the Throne ef Pracq Ras addressed' in a very fer
vent and appropriate- prapir by the Bei. Dr.
Odenhelnieri at the tonolusion of which Mr.-Whar
' ton wild; •-
That 'in - addressing .the! Alumni of the Uni
versity on the *vision of 'title annuli! meeting, his
mind recurred to limiter occasions more than
thirty , years ago—timee wbith, he had spent
many happy hours under a similar tutorage ; and
also adverted to the veeloire . d ivellniet of 'those who
shared those happy
,esieolleetions ' with him; the
various parts of the world W. - Which some of them
had been milled,' and in , which be paid a touching
tribete to that one of their number WhOnew sleeps
beneath the waves of the, Atlantic—evidently al
luding to.Frofesaor, Reed, who was, lost in the
ill
fated.Aretia.
-
With . thiiintreductioo tbeSpeakerenteredupon'
an'interesting review of the, mighty changes ex
perienced In many parte Of the world within those
thirty years, in width' the commotion of ' nations,
sad their ,progress in' seientitio discovery were
•briefly considered; but withal, it was added, that
the. localities of many of those scenes were ap,
parently no better of now than they bad been
then.
- In reference to the, rapid strides of discovery
'within the past twenty-five years,"it was eaid 'the
'introduction of, steam , as motive power , and that
mysterious magnetic influence. electricity, as a
means or transmitting. thought, had, its a great
measure revolutionised all our, former ideas of
-time and aptioe. . ' '
Itwas ribt his design to introduce ' politics as
'slob, yet if he might allowed to make an Allu
sion to it ins huge 'isenseehi Wight atate as an
historleal fact that ,thrt, ugh them modern agen
cies our aspirations eel nation had been greatly
. The idea had onesi e' stain the raintisof many,
therewaa ;great anger of one 'domain, be.
coming too large, and Witt the far removal of the
of our..thsi stry its ' heart would ,
have the effect to, wit teeth, tierhapirto' break It
atrunder:litrtallerieb" ePprehensione, had been of
fortually:" done away br,these improved means of
'oommtudeatioo. Men' tiav'elthd six 'fold the dbl.
thrice in the same length of time no* that they had
done when these apprehensions were entertained.
• The. vigor • with which "oar Government -had
stretched out its 'lumpier that *litmus country )
litthe far West, waikaiiguld example of the 'addi
tional power et - a - nation le' manage an extensive
territory,zioquired tiythesamodern,aequisitlons to I
seance. - • " "
'
Respecting the noes( and advantages of the
various classes ef, editeittioa, there was prominence
"given bitheretbienient of taste, the perfebtion of
'language, but, &bore all, to these mental qualifi
cations ,110 essential
"tar man in after - life. In his
opinion, !the 'true viw off education was, that uns
less the Mind Was' properly trained for the practi
cal pursuits of life, "knowledge would be like
placing tools In the hands of men unskilled in
I - their use.. '
The Impetus 'which our modern habits had given to
the lust for wealth wae here' Wien up, and happily
commented upon.,ln Gumlike these, it was said,
when men employd lightning' to send letters and
print photographs, and when, by the aid of steam,
we wore now MI near to England ea our forefathers
had been to Eiebmond, it was not to be Wondered
at that men expected to 'make no mu,* money in
eine year as their .forefethere 'had been able to
Make in tiventyleare; 'nor' wee It any more our.
pitsing.that fortanes,,were - beinelost with corres
ponding eepidity,
, Leaving thisgo=alieadetive elenient of modern
times, the speaker neat took tip the advantages of
*lassie literature and handled it with appropriate
gracefulness. The fact' that no one that he had
ever met,
,who, possessed a classiest ;Attention, had
ever shown, a 'dieposition t 6 depreciate its value,
he theught.was a strong , argument in its favor.
But, independent of the mental enjoyment' which
they so richly afforded, their utility' could 'hardly
'be overestimated.
The eta! seecoli--eharaiterized by the speak
er as one of God's greatest gifts 'to
p ,man—was ap
repriately introduced'in this oonnectlon,'and ea a
basis upon which to found an Intelligent appre.
elation of the classics, we were pointed to the epic's
of distant ages foe the models and Ideal embodied
in the liberal goiernment under which tie live.
For the greet and glinted' 'principle, that the
i power of government properly, belonged to the
people, it governed, we were indebted to the land
of Solon andlijortigt*-of Oioero Brutus. Beside
.tbese grand ,prineiples handed down to us through
the classics; there watre. richness, a beauty, - and an
elevating ,sublimity embodied in them which was
'oeitalitly greatly Impaired, if not entirely lost, in
tho attempt to translate them' into other tongues.
. The &Vet' every young man to acquaint him
self. with the true character of the Government
under which he lives was:deemed imperative as a
ettialificuition for` he highest order of good °Weal
th( •
importance to the exercise of the intel
lect) which* study .prothoted, 'and reason, which
Mathematiel 'supplied, a'knowledge of the laweof
our ()wintry seemed to' biM ,to be most essential.
:Under oar form of government every man, in a
proper sense, wash public man, whether be con
sidered' himself as such or not. • The influence, in
a eonntry like' this, of 'man upon man,. was such
,that the power of the least was not to be overlooked.
Net 0041 this study be too early commenced:
When weeame to be citizens we wore expected
to take upon us its responsibilities. 'and it was
most' reasonable that GM.. aatiamption of theirs
abonld',at least he,madsr-themilOeetfizesome de,
gree, Of . preparation. , Great stress
'waijiald upon the value of 'universal education,
and the expense attending it was, In his opinion,
boots question of the triumph' of the sohoolthouse
or the jail. The differences between the repre
sentative bodies of this emintry and Great Britain
were next glanced' at, and 'handled—we assure
the reader—at a signal disadvantage to the latter.
The importance of having educated men in our
halls, of legislation was oleo ably vindicated.
The laws of Wealth were next introduced, and of
Which honest industry and productive labor - were
considered as the only true sources. Whelosome
rules rissPmiting' this' department, worthy to be
observed, were also given, - 'and in which the solemn
obligation of nobtracts, , and the most scrupulous
adherence to right, in all Ourbusiness transactions,
were eloquently urged upon those he was address
ing. The desire to acquire property had become
so intense that it was actually, in many oases,
leading to monomania.
The sad times through which we were now
passing was a proof of the want of a more perfect
system in the conducting of our monetary affairs.
The causes of the rise and decline of national
wealth, and their concomitants, should be made
the subject of severe study. A beautiful picture
was hero drawn of the fair prospect of returning
prosperity, when our seas should again be whitened
with the canvas of sailing vessels, and studded with
that less pietfiresque, but perhaps more useful ob
ject, the smoke-staoks of our steamers.
The inconsistency of England's denunciations
of the slave trade, and her present Introduction of
it, under, the n ime of apprenticeship , was not over
looked in the speakers rapid flight through the
wide-spread g e lds of knowledge, on this occasion.
The brutal inhumanity of Englishmen, in their
'recent barbarities perpetrated upon their illesat
isged subjects, and that from, sheer motives of
"revenge, *as , regarded as an evidence that the
world in point of Christian humanity was ma. ,
king but tardy p r ogress,
In conclusion, Mr. Wharton addressed the
Alumni before him in a personal strain that elicit
ed frequent applause. The institution itself was
now in its almond (century, and which was, ho
thought, a very respectable ago for our young
' country,ln te course of these remarks, the principle of
charity beginning at house was applied to the
equal propriety of encouraging our own institu
tions.
Our own •eity had many points of which her
children might justly feel proud. Without the
slightest disposition to detract from the glory of
Bunker Ilill and Yorktown, he most be allowed to
say that we have in our Independence Hall a relic
unequalled in its historical interest by nay other
point in our country. In conclusion, be hoped that
the Alumni of the college wouldiever be found
the ready champions of our independence and our
Union.
The oration occupied over tin bowfin its delivery,
avid was evidently listened to with much intermit.
The diversified character of its contents necessarily
precluded the speaker's , entering with any great
depth of analysis into any one particular topic, It
was delivered in Mr.' Wharton's usual quiet, un.
impassiened style, and as statuette piece of comp°.
Fitton, itwas'oertainly admirably done In the
rapid synopsis here given, we have, of course, at
tempted no more than a mere summary of the
points of the oration.
U A most interesting gratuitous lecture
will be pronounced, at the ball of the Univor
aity of Pennsylvania, on Wednesday (to-mor
row) evening, by Professeir Marne, of that
University. Subject,'“ LAW." Professor
: TAU is a highly distinguished jurist, and has
written and published ton or twelve atandtird
legal works, in Latin, French, and German,
and has occupied positions of great dignity in
other countries. He is, as we hear, a gentle
man 'of:greatliterary experience and ability.
07" A rich treat may be expectedithis eve
ning at Concert Hall, where the Rev. Tuomits
U. &Omen wild dellyer a Lecture and Poem
on Bishop BERKELEY and COLUMBUS. The
proposed field is full of interest and entertain
ment, afd Mr. Srooriort is in everywav quali
fied to *nstrate it.
We welcome the reappearance, among
our otchanges, of GETZN Reading Daily Ga
zette. :0 looks as bright and cheerful as ever.
From Puerto Cabello.
ICOMPpondeneo of tUo Ithll4dolphia Excliaogo.)
Petard Ganetim, Nov. 7, 1857.—Th0 barque
'White Whig, Captain Esling, leaves to-day for
Philadelphia, of whioh opportunity 1 avail by send.
Aug rah account of passing events. The monoy
`panio'in Nemo and America has affeoted us very
sensibly. Business is extremely dull, notwith-
Standing a good aupply of native produoo, which is
'without demand, owing partly to a stringency in
Monetary Matters, and partly the non-compliance
of "prirobasers •to the: exorbitant prices asked by
Produoors.• The following is a statement of market
prices: - -
Coffee--Gnitashed, 12,0. per lb ; washed, 140.
per lb., of this currency.
(*OA of superior qualityler 110 the ., $33 ; in
ferbir per lbs., $B.
Gotten averages 17f a 180. per lb.
Indigo, P., per lb., $1 03.
• Bides, whisk were last week 20a210., are now
only 18a1Bioi
Door Skins, per dozen, average $lO.
Goat Skins- -- do do 0.50.
Faetioi , por'ton of 2,0001b5, do *29.
Lignumvitss,i do do $l2.
Brown Sugar, per lb, HBO.
The country is quiet: The 'treasury is pretty
well drainOd, but (understand it will be shortly
oplonlobed, through the negotiation of a Loan
with Messrs. Rothschilds, of London, for the com
pletion of internal improvements. The only
Ariterican vessel in port le the brig George Lobo°,
from Boa..lntore, which will sail on return in a
felr dap; Tours, li. S. LAYSTS.E.
THE 'PRESSOPIIItADELPRIA, TtlEgtsAV,
.116VP,Mfith - 0 4 , 1857,
BY - MIDNIGHT MAIL.
:FROM WIIIIIIINGTOIL
-
Gore Ouseley to Reside In Washlugtom”flen.
Mora Looking to thz. , Dictatorship of Ventral
America•-Action or. Important California
Land Claims—Assistant Engineers Warrant
ed for the United States Navy, &c.
(Correspondence or The Press j
Wesnisoros, Nov. 23,1857.
Sir Wm. Gore Ouseley is looking out to rent a
house here, as the residence of his family during
his absence in Central America. It is believed
that, after visiting the several Governments there,
and aseertainlug their exact condition, he will re
turn to negotiate with this Government on the
points involved in the partiouler queStion confided
by the British Government to his management.
I would not be surprised if, in order to harmo
nise the distracted elements of Central America,
and make them, instead of being too weak almost
to repel the Invasion of bucaneers, strong enough
to occupy a respectable position among the nations
of the world, that American statesmen would
make every effort for fixing upon a Cure basis a
Central American Confederacy.
But this, in the'juigment of many acquainted
with that region of Amerios, and the character of
Its people, is an impracticable scheme. While
they denounce, alker and filibusters generally,
yet they admit that until a_ strong leaven of
American energy is thrown in there, nobody can
look for either order or stable government.
One geed' effect resulting from Walker's inn
eion of Nicaragua, to be set against the overbal
ancing bad ones, is that it has mud the educated
and influential dam of its inhabitants to enter
tain more statesmanlike views with respect to
their position in the world, and to exert them
selves for the establishment of at least some pre
tence of Government, to replace the anarchy and
eonfusion which have been their lot so long here
tofore.
General Mora, of Costa Rica, is ambitious to place
himself ultimately over all Central America, as
.
did Santa Alma over Mexico, with the graMl title
and with the great power of Supreme Dictator;
audit it to prevent the oonsummation of any remit
io disastrous to oven the shadow of liberty now ex
isting there, that Honduras, San Salvador, and
Nioaragua, at this early day oppose him and his
State. England, I have not the least doubt—will,
without, of coarse, ever in the least acknowledging
snob aid—afford all the assistance the general may
:desire for the mousse of his ambitious projects.
Aiming the arrivals, theta have been very few
members OfCongress.• Next Week will bring a
goodly .number, and the week suoceeding will
in all probability bring nearly all of them. It
bids fair just now for an active °menu, by dozens
of candidates, for the nominations of the Demo•
crane caucus to the °Moen to be filled by the next
Bowie of Representatives.
Under date of November 18,1867, a patent has
been issued for the private land 'claim of Wm. D.
M: Howard, known as the " Ban Mateo" rancho,
situated in Ban Francisco °aunty, California, on
the Bay of Ban Francisco, containing 0,438.80
sores.
The Department of the Xnterior has received from
the Surveyor General of California approved plate
Of surrey for the following. confirmed claims:
"San Bernardino " raneho, confirmed to
Josh del Carmen Lugo and others, containing
35,50941 acres.
2d. Cafisda do ()spay" rancho, confirmed to
O'Farrell, Stevens, & Jury, 40,078,58 acres.
3d.. 4, Arroyo de la Alameda" rancho, confirmed
to Jose de Jesus Vallejo, 17,705.34 acres.
Subjoined is a list of the candidates, for promo•
tion and admission into the engineer corps of the
navy, who passed a satisfactory examination be.
fore the Board of Engineers convened at the United
States navy yard, Philadelphia, on the stb inst.
The first thirteen have been warranted; the re
mainder will be warranted so soon as vacanoies
should occur:
' George B. A. Tower, of Boston; B. B. 11. Whar
ton, of Baltimore ; John W. Tynan and Charles
H. Levy, of Portsmouth, Virginia ; Morgan A.
English, of Washington, D. 0.; Franklin K. Hain,
of Beading, Pa.; Joseph H. Bailey, of Wit.
mington, Delaware; John • Purdy, of Washing
ton, C.; James W. Whitakor,
of Trenton,
N. J.; Frederick B. Brown, of New York ;
B. E. Chastising, of 'Baltimore ; Philip Inch, of
Washington, D. 0.; Wm. If. Buehler, of Harris
burg, Pa.; Henry Snyder, of Camden, N J.; Eli
jah Law, of Philadelphia; Joseph L. Butler, of
Wilkesbarre ; Samuel Fisk, of Lancaster, Pa;
Levi It. Greene, of Providenc.i, L. I.
The Interior Department has received advises
dated at Franklin, TOW, October 22, from Su
perintendent J B. Leach, stating that a portion
of his train has recently arrived at that plaoo, and
that the mon woro all well and the mules in good
condition.
dol. Leach reports that the roads east of Fort
Laramie were very rough, and muob washed by
regent heavy rains. , Scarcity of water bad corn
polled the train to deflect its course, betwoma
140 PITOthd - ria - tik l 4 l l ritroth farther - south-titan
wan oxpeoted, making the distanoo nearly 1,300
miles. Although the grass was scarce and very
poor, Col. Leach spooeecied in getting the train
through without losing any mules.
' Four working parties have been organised, and
are at work upon the road between Franklin
and Fort Fillmore. One party had gone on in
advance to examine the country, and select points
for boring for water.
Col. Leach confidently expects that, during the
mouth of December, be will be able to report from
Fort Yuma the amount of work neoeseary to be
done, with the proper estimates.
Theodore 11. Kimball has been appointed to a
flrst-class ($1,200 per annum) clerkship in the
Third Auditor's office, vice Wm. If. Chaos, pro.
rooted tea second-elm olorkship in tho same Milo°.
X. Y.
PUBLIC ENTERTAINMENTS
Though the weather was very bad last night, it
scarcely affected the public amusements. There
was literally a crowd at the Walnut Street Theatre,
where "The Enchantress" (not Belle's) was
played as a spectacle-operatic drama, most of the
mush) crposed by Dr. Ounnington, and Mies
Eichings as a very charming heroine. The
scenery, by Mr. George Ifeister, was good—some
of it splendid. There was a variety of dancing,
by the Misses Wood and a numerous corps de
ballet. On the whole, a decided and deserved
success. This piece will draw good houses for a
week or two.
Arch-street Theatre was also full—thanks to a
good and attractive bill. Tonight, the mole
drama of the "Sea of Ice, or a Thirst for Gold,"
'will be played, strongly cast, and enriched with
scenic illustrations and. costumes.
At Welsh's National Theatre, last night, Mr.
Wesley Harmers commenced a series of varied per
formances, with a good circus company, admirably
trained horses, and several educated Shetland
ponies. The performances—ichloh included a
great many jokes from Eph. Horn, one of the
clowns, (most of which arrived at pare of maturity
years ago)—went off w.th decided success, amid
enthusiastic , applause. Tho horsemanship was
bold and graceful, and the gymnastic feats almost
astonishing.
Sanford was crowded last night—as, indeed,
It generally is, no matter what the state of the
weather. The 'dewing of the Sanford children
particularly merits notice.
The Buokleys have fitted up Jayne's Hall,
Chestnut street, below Seventh, as a temple of the
tenth or Ethiopian muse. The performances,
which commence with Ethiopian minstrelsy and
dancing, will conclude with the amusing Bloomer
Promenade. From the well known ability of
Messrs. Buokley's Proem and the central situa
tion of Jayne's Hall, we should not be surprised
to find it become ono of the best and most fashion
ably attended plaoos of public amusement in the
city.
Mica E. L. Williams, who is advertised as " the
celebrated Welsh Nightingale," appeared at the
Musical Fund Hall, yesterday evening, in a speak
ing and singing mono-vaadeville, written and
composed for her by Samuel Lover, author of
"Rory O'More," and scores of popular Irish and
other songs. There is more rhyme than reason in
this piece. It seems to have neither head nor
tail—certainly only the dimmest approach to a
story. A lady, in search of her lover, is supposed
to go to sleep in a little recess covered by the stars
and azure of the American flag. Miss Winona is
the sleeping lady, and is supposed to appear (to
herself) In a variety of characters—some of then
realities, such as Miss Lucy Maitland, an old made
and other flesh-and-blood personages; some of
them merely fanciful, such as the Spirit of Fancy,
and (most admirably dressed) Zero, Queen of the
Arctic, Sea, Mercury, and so on. Each character
sings a song or two, several of them equal in
melody and poetry to the best lyrics Lever hex yet
'produced. As far as the singing went, Miss Wil-
Hams is entitled to high praise, and, either- in the
concert room or as prima donna in English Opera,
would be certain to gain brilliant success. Her
voice is musical, and well in command ; and her.
articulation is distinct, without being too ela
borate. She can be arch, as well as census—as
witness her song "'Twos one, 'twas two. 'twat
three." In her manner of singing, as well as in
her personal appearance, she reminded us of Miss
Louisa Pyne, but Is better-looking and has a good
figure. What her speaking . voice is we could
scarcely make ea, for there 'were only about ono
hundred persons in the Hall, and her voice, which
sounded full and clear, reverberated so much, in
the empty void, that we lost half of what she said.
Iler performance, it will be seen, resembles Miss
Emma Stanley's In flame points. hut what we saw
(and we sat out eight of the thirteen characters)
was greatly inferior. The dialogue—we mean
the monologue—alternated from prose to verse,
but we caught few patois ; in our hear
ing, the audience caught only one—an allu
sion to the return of the Escalate. which was
warmly applauded Mies Williams did not display
anydramatie ability. She changed her dress rapid
ly ouongb,but, in everything except Irish charmer
(which was very un-Irish indeed,) ire still had only
Miss Williams before us, whatever the costume, We
sum up, therefore, by declaring that. as far as we
could judge under unfavorable eirmonstances of
a Very thin house from very bad weather, Miss
Williams, though she failed to personify and in
dividualise character, in whioh Miss Stanley ex
, celled, sang very well, and looked very well too;
she as much excelled Miss Stanley as n singer as
she is beneath her an an actress. She has the ad
vantage, too, of being nearly twenty years younger
than Miss Stanley.
The Galveston (Texas) News informs us
that in the revised list of passengers lost by the
wreck of the steamship Central America, we find
the name of Waiter' Dyer trho was a resident of
aalveiten for some yaks prior to the Mexican war.
When the war broke out ho removed to Browns.
villa, and subsequently to the Isthmus of Penance,
where for seven years he followed his trade of mas
ter shipwright. He was on his way to New York
to attend a law suit he had pending there, when
the fatal disaster of the Central America overtook
him. Cept, pyer was* Welshman by birth.
THE LATEST NEWS
BY TELEGRAPH,
TERRIBIA PALANITY. '
BURNING OF THE STEAMBOAT RAINBOW
FIFTY TO SEVENTY LIVES LOST.
CINCINNATI, Nqv. 23.—Thd steamboat Rainbow
was burned, on Saturday morning, about ten mdse
above Napoleon:Arkansas." 'From fifty to seventy
lives, are reported to ba lost, including all the pill
oars of the boat. The boat, cargo, and all bar
books and papers, are a total 1.03.9. The Rainbow
was a 'fine boat of 489 tons, and was built at New
Albany, Ohio, in 1854. •
Storm on the Ohio—Sixteen Coal Boats Sunk—
One Hundred LlYell Lost.
Cmcistrarr, NOT. 23.—The steamer Republio,
arrived at Louisville on Saturday, reports that
sixteen coal boats were sunk during the storm on
Wednesday last in the Ohio and Mississippi ri
verB, near Cairo, by which it is estimated that one
hundred lives were lost. The boats contained
300,000 bushels of coal, valued at 36,000, which is
a total loss. The crows were principally from
Pittsburgh and Louisville.
The steamboat Gladiator reported other boats
swamped and sunk, as low down as Now Madrid.
Passengers from Evansville, report the storm
ilong the lower Ohio as terrific , .
None of the boats were able to run during its
prevalence. and all had to lie up.
The steamboat Baltimore, from Martell°, arrived
last night, reports encountering a heavy gale at
Parkersburg, on Saturday.
,A severe gala prevails hero this morning, ac
companied with raha r snow, and hail.
Cctetsnert, Nov. 23—Evening.—The steamer
Newcomb, arrived from below, passed Cairo twelve
hours after the steamer Republio, does not confirm
the reported loss of coal boats. It is therefore
hoped that the reported loss of life is Incorrect, or
at least exaggerated.
From Washington—The Volt! Expedllls94:—T he
Frei'dent Imolied
WASHINGTON, Nov, .23.4--The visit of Sir William
Gore Ouseley to the President, on Saturday, was
ono of courtesy merely. Ho has not yet offiolally
informed him of the preolse obaraoter of his mis
sion.
The War Department designs sen4ing two co.
lawns of military Into Utah, from the Paoifie side,
one from Oregon, and'the other from California.
While the President was receiving company to:
day, not a little e;oitergent vI4P Oeettelenod by
loud and offensive language used by an attorney
for claims to the President. The latter quietly
withdrew to a private officio which adjoins the au
dience room, and remained there until the °awe
of the disturbance reluctantly retired.
Governor Walker at St. Louis.
Sr. LOWS, Nov. .14.—fiovarnor Walhgr arrived
in this city on Saturday evening, en route for
Washington.
Nothing now relative to Kansas affairs has trans.
pirod.
Railroad Collision.
Pirrentman, Nov. 23.—About seven o'clock this
morning, two passenger trains on the CouneUrsine
railroad oame in collision, when about a mile
from IdoKeesport. A passonger named Scott, of
Westmoreland county,was seriously, if not fatally,
injured. Several of the other paesongers were
hurt. The care wore literally couched to pieces.
The McKee portSliardevers
PITTSBURGH, Nov. 23.—The Supreme Court has
affirmed the action of the Criminal Court in the
ease of Charlotte Jones. Henry Fife, and Monroe
Stewart, who' wore sentenced to be hung fur the
murder of an old man and his sister, at McKees
port. '
Fire at Troy, N. Y
Tnor, N. Y., November 23,--A fire, this after-
noon, broke out in Wm. Taylor's planing mill, in
the pier below Adams street. The flames spread
to his lumber yard adjoining, where they were ar
rested. The loss Is estimated at $7,000, on which
there is an insurance of $2,000.
The %Venthee
NEW YORK, Nov. 23.—The weather here ismild,
with a drizzling rain.
NOWA°, Nov. 29.—T1t0 weather is clear, with
a light west wind. No Ice has yet boon formed In
our harbor.
Canal Navigation Closed.
Sr. CATRATUNES, 0. W., Nov. 2.l.—The Welland
Canal Is full of ice, and navigation is closed for
the season.
BurrALo, Nov. 23.—A break has occurred in the
canal at Black Rook, whioh will probably suspend
navigation for the season.
Naval Intelligence
HAMPTON ROADS, VA., November 23.—the
sloopmf-war Saratoga has arrived from Asp Legal!.
.The Pow,hatim sailadJa_aosatoissir., 44. iPTI---
Markets.
llturnoits, Nov. 23.—The receipts of Wheat
to-day have been heavy, and prices rule from 3a
50 lower. Sales of red at $1.05a51.14; white,
$13341.30. Corn, old white, 'Panto, and old yel
low 78030 o; new 55a050. Whiskey, 31a24ie.
BilvANimu, November 23.—A general panto pre
veiled In the cotton market at thin port, Augusta,
and Columbus, to-day. Prices declined ;fib.
CIIAIMESTON, November 23.—Cotton.--Sales
of 1,900 bales ut a decline of Jo,
New ORLEANR, Nov. 23d.—Cotton—The foreign
adviees, furnished by . the steamer Atlantic, are
regarded here as the moat unfavorable that itaVa
yet been received. Prices suffered a decline of in
Jo, in consequence. The sales to-day amounted to
1200b1e.
Sugar clone firm, fair qualities having fallen
Isla during the day.
Flour doses steady at $5.121. Corn quoted at
48a580 for both old and now. The provision
market is very dull.
CITY POLICE—NovoteER 28.
[Reported fur The Prem.]
A HONET !doom IN run WANE —James Fitz
patrick, a boartplooking young man, and his wife
Jane, a fine, bouncing, rosy-complexioned young
woman, came to the Mayor's office this morning
with the misapprehension that our civil, chief can
undo the gordian knot of matrimony as well as tie
it. They were united is wedlock by his Honor
scarcely one lunar month ago, and they have just
mado the astounding discovery that nature never
intended them to be conjugal partners. James, the
husband, advanced to the bar, and showed some
amiable embarrassment while making a statement
of his case.
"I'm very sorry (mid he) to put your Honor to
any trouble, but Jane and I were both green-horns
when we got your honor to rivet us together, so
we now want you to give us a 'bill of divorce,
and I dont think aythor of us will ever bother you
again with the same kind of a Job, for we've found
that wedded life is not what it's cracked up to be,
and we're both intirely sick of it, I'm sure."
You come to the wrong plane for a divorce,"
said the clerk ; "we do not deal in anything of
that sort."
"I think you might accommodate us this time,
seeing it's only for once," said James, in a tone of
urgent and pathetic appeal. " Come, now, be a
kind gentleman—out us loose again, and we'll pray
for you as long as we live."
"I tell you we cannot do it," said the clerk.
" The law does not give us any such power."
"Sure that's a mistake," answered James.
" What you put togothor you can take apart again,
if you like; and it would be a shame if you
couldn't. We got married in this very shop, and
paid you eiatytwo and a half cents for the job
I'm sure I'll give you as much more, and thank
you kindly to boot, if you'll just put us book again
where you found us."
"It is of no use to talk," said the clerk, some
what irritated. "We cannot do it."
Hero Jane, the wife of four weeks, stepped for
ward to try the forgo of female eloquenoo.
You wouldn't have the heart," said she, " to
refuse such a trifle, considering that it won't take
you five minutes to do the writing, and Jimmy
offers to pay you for it when it's done. I don't
see what's the use of making us stay married when
vro'vo both had enough of it. Just a few scratches
of your pen will sot evorything to rights. just as it
wan 'before we came together; and I should think
you might do that much, if it was only for the sake
of accommodation." •
If you wish to Ito divorced, you must apply
to another tribunal," said the clerk.
I shan't apply to any other concern but this,"
said Juno, her eye sparkling with excitement.
Here's whore I got married, and here's whore I
mean to undo it again, If there's any law or
gospel in the city I toll you what, mister —,
but I guess you are not tho hoed man of the es
tablishment."
"No, I am not," answered the oiork.
" That's just what I thought," said Jane, turn
ing to her disoontented opouso. Well, Jimmy,
we'll wait till tho boss himself some. in. Ile
knows his business, I'll ho bound, and will do
the thing in half the limo that wo've boon talking
about It."
They both took seats accordingly to await tho
arrival of g. the boss," but we were not thorn to
witness the result of the interview. R'.
Conslable in Trouble.—Joneph Roberts, ono
of the constables of the Eighteenth ward, and
Leonard Chester, who represents himself as the
constable of another ward, have been hold in
WOO bail each by Alderman Shoemaker, of the
Sixteenth ward, on the charge of forcibly entering
the house of Mannasseh Price, No. 240 Queen
street--- c ommitting an assault and battery upon
him—with robbing him of WA in money and
about $430 worth of clothing and jewelry. The
complainant, who is well known to the police, al
leges that the itemised came to his house on the Bth of
last month and stated to him that they had a search.
warrant. They then took him into the kitchen when
Chester took the money from his pockets by fuse.
The 'accused, it is alleged, then broke into r. bu
reau and also a trunk, from which they took
several articles of wearing apparel, Jewelry, a
watch, two breastpins, half a dosen sliver forks,
a basket full of children's clothing, Am. The de
fendant then took the complainant before Alder.
man MaConougby on theoharge of passing counter
feit money; but there being no evidence against
him, he was discharged from custody. The com
plainant subsequently received back the Jewelry
and clothing, but all the money, excepting ten
dollar', was retained by the mused,
TILE' CITY.
AIII7BBIIIIIINTB THIS EVENING.
WaslizcY , B .4uou BTRIBT THRATHR, ARCH BUM? )
kno " Sun.-4" Tho lea of Ice"--- ,, My Precious
/Way,"
WAI/NOT BERNET TN/SATRE, N. E. CORNER Of NINTH
AND WALNUT ISTRIIIITE,--" The Enchantress,
JAYNE'S New HALL, CNISYNEE STREET, BELOW
BEYANTEL—Duckloy's Opera Troupe.
NeT7o4r. %%MEE, ' WALNUT MIN?, NICER EIOUTIL
Equeetrlan POrrorulanCeS.',
ourrtwa,Osusaa novas, EcipnesTa Blurt 1,11013
ORESTNM. — Ethloplan Life Illustrated, coneludlug with
a laughable atterpteee.
JATNENIISILDISCI, OLISSTSUT ST., BELOW BI:VENTR.—
StatoTocitry Society of Pennsylvaula.
The Board of Trade.—The regular monthly
meeting of ths'Board of Trade was hold last eve
ning, at their •room, in the Exebange Building.
The attendance was the largest for a long thins.
The Chair was occupied by Vice President Mor
ton, who announood that the first business would
be the tesolution of Mr. George L. Busby, rola
ties to the consideration of the banking law.
Mr Busby stated that the Executive Commi ttee
had prepared is bill petitioning the Legislature for
a free linking law, and he thought it highly
proper that business men should got at a conden
sation of the general opinion concerning the sub
ject, ant unite upon some plan to present to the
'Legislature, illicit should regulate the eurraney
of the ostlelrY.
Mr. a considered that, as the merchants are
conservitive in their views, he should and in them
no opposition to banks, 48 such That would, he
thought be confined to persons who had become
the victims of their own Indiscretion. What we
want isnot the destruction of the paper-money
system i lmt the regulation of its issue and a proper
restraint upon Its use.
We have Just passed through a crisis, and that
wilds lies been the subject of a great deal of com
ment std speculation. There are those who rush
in thesematters to opposite extremes. Tho mid
dle 00U1Se is the one which the speaker thought it
behooved the community to pursue. The indivi
dual lid:ditty of stockholders; the liability for the
extent of their issue thepublication of their
status,tt brief intervals, and the prohibition to
issue sofas of larger value than twenty dollars,
were, ie thought, the best improveruento that
could biehgrafied upon our banking law.
i lhe banks of Sootland, which were remarkable
for theirtlmost invariable solvency, wore subject
.to restrictions of this charaoter. If it were possi
ble to have a congress of business men from every
quartet of the Union, who sec that our present
banking system is empirical, that it is inadequate,
unsound, and irreliable, some simple system might
be devised Which would be so effective that a Penn
sylvanian could take a bank note issued in Louisi
ana, or Texas, and place it in his desk with the
same confidence in its value that he would if it
were a bill on a bank in Philadelphia, A national
bank would pot be the thing, as it would require
another institution to exercise surveillance over it.
Ile den offered, as the most convenient medium
fa the expression of his views, the nattered pre
amble trid resolution :
Whored?, The possession and use of b safe and
relhible senoras} , is an object of the highest im
portanee to the welfare of the State, and the wipe.
rime of the last half century attests that we have
not yet muted ouch a one j and, whereas. sound
'Town forbids as to conolude that the limit of im
provement has been reached: therefore,
Resolved , That we commend to thd favorable
attention of the Legislature the projeet of a single
department of Issue, to which shall belong exclu
sively the privilege of issainq bank notes for the
entire State, upon the deposit in pledge of ap
proved spourities and spine—say two-thirds se
curities and one-third in coin—or in such propor
tion as the "beettlature may approve. That said
department be prohibited from issuing any notes
under twenty dollars. That the stockholders of
banks shall hereafter incur an unlimited liability
for the issue of the banks, and that frequent state
ments of their transactions and conditions he co,
quired by the department of isspa•
24r- James Milliken, ip addition to this, and es
nntipplementary amendment to it, offered the fol
lowing: '
Resolved, let. That the banks of this Common
wealth shall be restricted in the issue of auy bills
under $25 In value.
' 2d. No bank shall he permitted to make, loans
returnable on call.
3d. Banks accepting tho foregoing alteration or
amendments to their charters shall he permitted
to make loans of. money at any rate of interest
agreed upon.by the borrower, which rate of fit Wrest
shall be regulated from time to time by public
announcement, apd Shall be the same to all bor-
Wirell•
Mr. Kennedy followed in lengthened remarks,
designed to show that there existed an invincible
necessity for a paper currency, find to convey the
idea that the belief that nothing but gold consti
tuted the only representative of wealth was a
mere metaphysical abstraction, and ono only fully
credited by those whom Nature and Native's Qod
had made theorists. Anybody, said he, who de
prives the country banks of the privilege of issuing
}lye and ton,dollar notes Motility annihilates and
deprives them of oxletonoo. We are noW, he said,
in the most inrtunato position that wo wore over
in, and that is our true position. We know our
position—that of a debtor community. Hew seen
we shall he a liquidating community will depend
entirely upon tho resumption of labor. That is
now what sve have to look to.
Mr. S. V. Merrick stated that in considering
the subject he bad formed the resolution that our
prime necessity le a free and unrestricted trade in
money. If the resolution is adopted, and an abso
lute security required for all involuntary issues of
money, he believed a groat deal of good would re
sult from it.
Mr. M. then offered the following :
.R.,,,seibsed„Tas , ..4, In the Indirment of this board, a
legitimate and prudent iiae - oTeredit'us or yte..i.
pertanee to the trade and prosperity of the country,
and that the attention of Government should be di
rected to such measures as will prevent, HS itut
proper use.
2. That moneyed institutions and dealers in
money, who control the currency, cannot be kept
in cheek by legislative notion, however wisely
devised; but that the only power capable of pro.
venting an excessive expansion of credit is an un
restricted competition between corporations and
individuals, and an entire freedom as to the rate
to be paid for the use of money.
3. That legislation should be confined to such
penalties all will prevent or punish fraud, and bear
equally upon all classes of dealers in -money,
whether they are Individuals or corporate bodies
4. That inasmuch as the depositors of money,
with banks and bankers, have the same opportuni
ty of knowing the solvency of the parties with
whom they deal as any other trade, there is no
reason why they should be speelaily protected by
le (elation ; but, the issue of paper currency being
a boon granted to corporations only, should bo re
gulated by public enactment and Its security se
cured by a deposit with the authorities, of ouch
oolleterals as will effectually secure the holder
against loss from the insolvency of the maker.
5 That as a knowledge of the condition of the
money market is of Importance to the proper regu
lation of the trade, all moneyed Institutions dealing
in money should be required to make such period
foal publloation of their affairs as will supply the
necessary Information.
8. That as the specie basis in the United States
is now or soon will be ample to supply the current
necessities of life, and hence the occasion will soon
cease when a paper currency of small desemina
tion will bo necessary for daily transactions ; and
as the rower of Issuing small current notes is a
strong temptation to inflate the currency, public
safety usdoonyentenee require the retirement of
the notes of minor denomination at as early a pe
riod as may be consistent with the wants of trade.
7, That es any action by a single State tending
to establish a specie currency for the daily transae
dons of life would be reutlered powerless by the
influx er paper from other States, the interposition
of the ;fational Government is required to effect
this refrain.
Mr. Kennedy spoke at great length in opposition
to the proposed measures. Ho endeavored to show
that they would not to the prejudice of the country
banks, whose condition he considered to bo fully
equal is point of solvency, as to general thing, to
the banks of the oily.
Mr. Edward M. Davis then rose to explain. lie
was In favor of a gold and silver currency, as ho
was satisfied that the amount of gold in the country
wasenttrolv adequate to the wants of the people.
110 wasquito willing to admit that Mr. Kennedy
was the metaphysical member of the board, (ap
plause) but he thought there were ample Lots to
show that a paper currency had a pernicious effect,
and washable to abuse. Mr. Benton, in his letters,
had catenated that in England $ll per head was
all tha; was required by the people of specie
money, while in this country $9 was an ample al
lowance
In avicultural communities like ours, loss
money vas necessary for use than in a inanufac
turlng country like England. Ile said that Mr.
Kennetty's arguments were like paper money;
(lend amlause;) and like a good deal of the paper
money•aow in circulation, there was very little
gold to leek them. (Increased applause.) My D.
said he heast nothing personal to his friend Ken
nedy, Int ho considered his advocacy of paper
money to bo supported by means of loquacity
rather tbsp login. (Applause )
Mr. Jewish Leeds also spoke to the Immo effect.
He rerieyed the course of the "panic," and urged
the neeessity for legislation over the banks.
Mni. baby then offered a resolution that the
subject le question be referred to a committee of
thirteen
Mr. Jelin Daohl thought that they should go a
little furter, and offered as follows:
Kesolvd, That the General Government should
assume fie duty of establishing a national bank,
and regdattug the currency of the country, es
authorized by the Constitution.
2. To lifaot this object, Congress should estab
lish a natonal or central bank, to be located at
Washingon.
2d. That the bank Bo established should be ex
clusively a bank of issue, based upon deposits of
specie ant Government and State stocks, in proper
pr9portioi, say one-third of the former and tiro
thirdsofthe latter, with such conditions in regard
to the estimated value of the stooks au pledged as
will maks them an undoubted security fur the
notes pale.
4th. Matt no note should be issued by said bank
under theilenoininatiozi of twenty dollars.
sth. Tat the notes of said bank should be re
ceived by the Government in settlement of all
duos.
nth. Ttat the State banks should be limited to
the balms of discount and doposit, and bo re
strioted to the *sue
. of the notes of thu central
bank.
A motim was made to refer the resolutions of
Mr. Busby to a committee of thirteen, to report at
the next peeling, which was lost.
Tho Baird adjourned, to moot two weeks hence.
Notelty.—The choke of the German Lu
theran Clutches "of Zion and St. Paul." purpose
giving ft stored concert in "Zion Church," corner
of Fuurthand Cherry streets, on Thursday even
ing, (Thotkegiving (lay) at 7) o'clock. They will
be assietul by Prof. Philip Rohr, Mad. Molting•,
and other eminent artists. Prof. 11. Komar will
preside at tho vory superior and powerful organ of
the chum).
As tho dd church will be lighted by candles, in
the old mosslvechattlelters, it will present at once
a novel na3lmpoelng appearance. The entire: pro
reeth will Do handed over to the "Poor Society"
of the church, for the benefit of Ito poor. Wo trust
they will be welcomed by a large audience.
The Recent Robbery in Market Street.—Yes
terday morning, at ten o'clock a farther hearing
was had in the ease of William Anderson, the
young man who was arrested on the charge of
being concerned in the meet robbery of the hat
and cap store of Mr. It. S. itialtms, at No 1021
Market street. Tho , facts, as we stated them yes•
toughy, were given in evidence, and although not
sufficient to prove the positivegullt of the prisoner,
they induced Alderman Thompson to hold him to
bail to keep the peace and be of good behavior for
a year, on the ground that he had no visible legal
moans of support.
hoard of Guardians for the Poor.—This
haul held its semi-monthly meeting at 3 o'clock
yesterday afternoon, at the office of the out-dour
agent, Seventh street, above Market.
The following was reported as the census of the
almshouse on Saturday teat:
Total number In the house, 2,678; same time
last year, 2.145. Increase, 533.
Reevitulation.—Admitted during the past two
weeks, 288; births, 8; deaths, 27; discharged,
125 ; eloped, 13; bound out, 2.
A lady, named Mrs. Weaver, appeared before
the board, and stated that she left her husband in
St. Louis, about two months since, anti came to
this city, since which time she has boon in groat
distress, not having money to purchase food or
fuel, or pay her rent. She has not heard of her
husband. who promised to meet her in Philadel
phia two weeks after hot departure. Her case was
referred to the members of the First District.
Proposals for furnishing wood for the Nineteenth
ward wore received from J. S. Watson, at $5 per
cord, and E. W. (forges, at $2.25 per cord far good
oak. After some discussion the contract was
awarded to the latter gentleman by a vote of 12
yeas to 5 nays.
The steward reported having received and paid
to the treasurer $561.02.
- . .
The out-door visitors reported that during the
last thirty daya they have expended ono thousand
three hundred and seventy-nine dollars and twen
ty-five cents for out-door relief. They have given
away thirty-nine tons of coal, and one and a half
cords of wood. They have attended 1,271 persons,
In addition to 3,758 children. They sent 468 per
sons to the almshouse, and refused 573.
The secretary stated that there were now thirty
nine more persons in the almshouse than at any
prey twos period.
Mr. Evans offered a resolution requesting Coun
cils to transfer a certain item of the appropriation
to the department of the board of guardians of the
poor. Adopted.
Dr. Lafferty stated that some time since a gentle
man, named Joseph J. Mickley, died, leaving a
considerable sum of money to the poor of the city.
As the poor would receive none of this money un
less some action was taken on the subject, he there
fore moved that it ho referred to the solicitor, with
power to act, Agreed to.
Mr. Moseley, of the Ninth ward, offered a rase.
'talon that the house agent be requested to send
unto the stated meetings of the board the popula
tion of the various departments of the Almshouse,
In detail. Agreed to.
Dr. Moseley read the following statement of the
number of persons in the various departments of
the Philadelphia Almshouse, up to Friday, Nov.
13tb, 1857 :
Women's Out Ward.... 300 hiell'S White Ilospital..2til
Do Lunatic Asylum.2l3 Do Lunatic Asyluto..l72
Do Hospital 139 Do Buys' Out Ward.. 10
Do Nursery 1071 Do Child Asyli in 171
Do Obstetric Ward.. St Men's Colored Hospital. 17
Do 'Mack 'Nursery.. 19 Do do Out Ward.. 30
Lto do Ohatetrio.. 12 Do White Out Ward.Bo3
/10 do Boapital .. 19
110 do Out Ward. 281 Total moo and b0y5...1554
Total women& cblld'n.lo4l I Total No. in i10u5e....2585
The President remarked that this table showed
that there were other patients in the almshouse
besides paupers, and who on momunt of sickness,
&0., wore supplied with a hotter quality of food.
Tho following sums, on motion, store distributed
to the visitors of the different districts:
First Pieria MO Sixth District $350
Seoond do 200 Seventh do 300
Third do 700 Eighth do 150
Fourth do 150 Ninth do 100
Fifth do 550 Tenth do 100
On motion of Mr. Mousey, section second of rule
29, governing the almshouse, was amended to read
us follows:
The matron shall be entrusted, under the direc
tion of the steward, with the care of that part of
the house appropriated for the accommodation of
females, and shall preserve good order and pro
priety of behavior among those committed to her
ehargo. She shall observe that due attention be
paid to cleanliness in every respeot, and that the
nurdos end, ethers employed under her dire° Hon
be faithful in the discharge of their several duties,
agreeably to the rules laid down fur their govern-
Mont, and that they behave to the sick and infirm
placed under their care with the greatest degree
of attention and humanity. For all offences
against the rules, or discipline of the house, com
mitted by female out-ward paupers under the
charge of the matron, she shall have power to
order confinement forthwith, and she shall, as soon
afterwards as practicable, report to the steward
the cause of such isonfinoment, for his decision
thereon.
She shall, under the direction of the chief resi
dent physician, give special attention to the con
dition of the Hospital and Lunatic Asylums, and
preserve order and cleanliness in all their parts;
she shall see that there are supplied the ordinary
and necessary furniture, bedding, clothing, and
provisions, and that the same are not damaged,
pilfered, or wasted ; she shall make known any
improper conduct, unfaithfulness and negligence,
harshness or ineffteleney of the nurses and at
tendants that may come to her notice, to the
chief resident physician, who may suspend from
aloe until the next meeting of the proper com
mittee.
Dills amounting to $8,175.71 were ordered to be
paid, and the requisition of the steward granted.
Adjourned.
Visionary Burglars.—At an early hour on
Sunday morning, the family of J. D. Campbell,
Mayor's Clerk, residing at 755 South Ninth street,
were thrown info groat excitement, in consequence
of a loud report, and a rushing, singular noise in
the bath room. The family became much alarmed,
anti Mr. C., being fully awakened from his slum
bers, seized his Colt's revolver in ono band, and a
Spanish javelin in the other, and proceeded at
once to defend himself. On approaching the bath
room door, he could distinctly hear the - harsh gra
ting of a saw, and visions of burglars floated
through his imagination. In a moment of daring
courage he bounded into tbo bath-room, and was
received with a very unexpected quantity of a
which not only blinded hies for a
moment, but gave him undoubted evidence of the
difference between the comforts of a warm bed,
and the chilling realities of en unexpected ducking
of pure cold water, escaping at one o'clock in the
morning from the hydrant pipe, that burst be
cause of Its being frozen. The oause of such an
exciting effect having been ascertained, the aque
ous fluid was stopped off, but not before the bath
room, kitchen, ao., were completely flooded.
Young Men's Christian Association.—The
monthly stated meeting of this association was
held last evening, at 71 o'clock, in the lecture
room of the church at the southeast corner of
Eighth and Cherry streets. Notwithstanding the
inclement weather, the attendance was large, and
much interest was manifested in the proceedings.
George S. Fox, Esq„ Vico President of the asso
ciation, occupied the chair. Ho opened the exer
ekes of the evening by reading the 13th chapter
of hat Corinthians. An impressive and earnest
prayer was offered to the Throne of Grace by Mr.
Mattson, after which to well-written poem on the
Dignity of Labor" was admirably road by George
F. Stanton, Esq. After a discussion of the merits
of the poem, and the transaction of Rune intim
portant business, the mooting adjourned.
Drowning. Case.—About y o'clock yesterday
morning, a young man named William Mitchell
was drowned front on board a small boat, on the
Schuylkill, near Point Breeze Ile and a com
panion named E Duffield were in the boat, for the
purpose of ducking, when, by seine means or other,
Mitchell fell overboard and met with n watery
grave. Ills body was recovered, and Coroner Fen
nor hold an inquest. A verdict in accordance with
the facts was rendered.
If learn Mutt Mr. A. E. Eshleman, former
ly of Pennsylvania, but now a resident of Ken
tucky, will visit Europe in the course of the
coming year, to pursue his professional studies
as an artist. As ho formerly was ono of the edi
torial craft, we fool some interact in his success,
and hope that hie pilgrimage to Italy, the great
home of Art, will be successful.
PHILADELPHIA MARKETS
Novnsineit 23, EVENING.—The Atlantic advices
havo depressed the Breadstuffs' market, and the
transactions fo•day have boon quite limited ;
prices show no quotable change, but buyers are
holding off, and not disposed to operate at present.
Tho only transactions in Flour are to the extent of
about 600 bbls , at $5.25 for standard superfine,
including 500 bble. fancy extra, on terms kept
private—taken for a South American market. The
retailers are buying cautiously at from $5.25 up to
$7 per bbl. for common to extra and fancy family
'Flour, according I. quality. Corn Meal and Rye
Flour are hold at $3.151 for the former, and $4.50
per bbl. for the latter, and little or nothing doing.
Wheats aro offered freely at last week's prim, but
there is very little demand either for shipping or
milling, and, prices are unsettled—sales only
reaching about :1,000 bush. in lots, at 115 to 1250.
for ordinary to prime red, and 124 to 133 c. for white.
Corn is wanted, and about 2,000 bu. old yellow sold
at 80a81c, including new at 60a62e, and old white
at 78c. Oats are in steady request, and about
2,400 bu Southern brought 35a351a. Rya is scarce
and in demand at 750 fur Penn'a ; some small sales
aro reported 2.111 a per bu more. Bark is held firmly,
and buyers of Quoroitron aro offering $3O for first
quality, but thoro is not much arriving or selling.
b
otton is dull and thiseetled, with a limited bust
-11C33 to nap, at about previous quotations. Groce
ries are soiling moderately, and the prices of Su.
gar. and Coffee aro without any material alteration
today. Provisions—nothing doing, and the mar
ket nearly bare of stook. 'Whiskey is in good do•
mand—bhds are firm at 22c; drudges sell at 21 - ic,
and bbls at 223a230 for Easton and Ohio.
PHILADELPHIA CATTLE MARKET
Nominate 23.—The receipts of Beef Cattle
having fallen off, and the demand being rather
bettor, prices continue to have an upward ten
thiney. About 050 head were at market this week,
and met with ready sale at from $7 to 59.50, chief
ly at sBas9 the 100 lbs., for good quality, the
market being pretty well cleared out at these
rates. About 220 Cows and Calves wore at mar
ket, and partly sold at from $lB to $55 each, ac
cording to condition. The arrivals of Hogs were
about :1,000 head; the market was brisk, and the
bulk of the sales were made at from $7 to S 3 the
100 Iba , and but few were loft over Sheep Milt
Lambs continue in (air supply, :aO,OOO hoed being
offered, and a moderate number only sold, at frosts
$2.50a51.50 each, according to condition.
NEW ORLEANS MARKETS, Nov. lO.—Sales
of Cotton 9,000 bales—market opening at easier
rates, but subsequently stiffening under a very
active demand and closing firm itt Mani and 12
cents for Middling to Strict Middling and (load
Middling, showing little or no change sines the
receipt of the steamer's accounts. Sales of Sugar,
750 hhds at 5551 cents Fair—quiet. Sales of Mo
lasses, 750 bids nt 21a22 contr. Nothing trans
pired in Tobacco. Sales of Flour, 150 bbls
b ra nded at $5.25; and 191 Superfine nt $5.02L
Of Wheat, 707 sacks Prime Red (125, 100, 357, 46,
52 and 27) ut $l. Corn, 2,000 sacks, including 210
now at 45 and 46 cents, 600 at 16 and 40, 650 at —;
and 221 old White at 60
• . •
Of Bacon, to retail transaction at irregular ratea.
Nothing transpired in Lard. ;.ialca of Whiskey,
confined to retail transactions. Of India Bagging,
CS bales at 120 Of Rio Coffee, 100 bags at tic,
300 at Si and 423 at Si. In Freights two ships
taken up for Liverpool at id for Cotton.
COTTON /NO TOIUCCO OTSTPI I NT•
Cotton. Tobacco
Mock on howl end on shipb'd
lit September 7,321 13,711
Deceived In September 52,05 622
Received In October 141,636 377
Do let toldth N0v..62.329 111
Do. 14th It. 15th Nov. 0,321 75,725 32 143
280,399 14.853
Exported 14th Noe. •• . 0,914 6a •
1;4 ported pi oel 0ue1y...125,092 136,000 8401-4,404
Stock on hand and not cleared.. 144,733
The Columbus (Ga.) Sun was preson ted on
the 12th inst. with a
: genuine white shad, being, as
it says, of the first of the season
William Ross, an old and highly respect
ed morchont of Chillicothe, Ohio, died recently in
that oily, at the ego or 70.
TILE MONEY MARKET.
PHILADELPHIA, November 23, 1857.
•
One of our morning cotomporaries, usually re
liable for correctness, states the amount of specie
held by all our city bunko at about $2,000,000,
and that their indebtedness to banks out of the
State is $900,000, the payment of which would be
demanded immediately after our resumption of
specie payments, which would leave but about
$1,100,000 to meet, as the writer states, $15,000,000
of immediate liabilities, including circulation and
deposits.
These figures present a state of things which de
mands the most careful and deliberate reflection as
to the Cause and the remedy. It is well known
that we aro neither the advocates of the existing
system of banking, nor the apologists of the ma
nagement under that system. We aro, indeed, in
favor of a total though gradual change in it. Any
suggestions we may make to remedy the present
deplorable state of our financial position must
not, therefore, be regarded otherwise than as
making the best of a bad state of affairs.
It is universally admitted that a return to specie
payments le most desirable. How is it to be at
tained "' Our cotemporary urges a rapid curtail
ment of discounts. Did not this course, both here
and in New York, cause the suspension of specie
payment, by destroying the confidence and good
feeling of the public towards the banks? At the
time the New York banks suspended they had
brought their discount lines, with a panic rapidi
ty, to an unprecedentedly low point. Exchange
from all parts of the world was in their favor.
Still, this course did not avert the evil. Public
eonfidence or good feeling—the basis of our pre
sent system—was gone. Without this basis,
banks wader this system must cease to exist, or
cease to be profitable. Tho hank that keeps specie
in Its vaults, to redeem its liabilities, becomes at
once unprofitable to its managers. Recent events,
both here and in New York, have demonstrated
that the good-will of the public is quite as neces
sary to their success as the specie in the vaults
of tho banks They must have realized that the
loss of public confidence breaks them in twenty
four hours.
How is this basis of security to be regarded?
Will it be accomplished by the sudden curtailment
of the usual facilities, and thus close more of our
work-shops, manufactories, rolling mills. and col
lieries, thus stopping the export of our great sta
ples? It is with great regret that we state, we
fear not. The diminution in our shipments of mai
alone, during the last two months, as compared
with former seasons, and which is undoubtedly at
tributable to financial difficaltiea, is nearly equal
to our foreign (sister States) indebtedness. Our
exports of coal, from this State, annually must
reach front fifteen to twenty millions. Stop this
trade even for a few months anti a balance of trade
is created against us, which would more than ab
sorb all the specie usually held by our banks, and
regarded by them as a safe basis for their opera
tions. Hence any sudden change in the course of
the banks may be most injurious to them as wallas
the public.
The cause of these difficulties has been of gra
dual growth. The developments of our great
country and its resources have been going on with
a rapidity heretoforo unknown, and in advance of
the accumulation of capital. Private capital for
these purposes has been withdrawn from commer
cial pursuits—credits have been extended unduly—
retrenchment in all departments of life has be
mine a necessity, which all realize, admit. and act
upon. But the effects of this cannot be realized at
once. With our grmt resources, a short time will
put us right. But sudden expansions or contrac
tions in our currency are most disastrous. While
we are earnest advocates for a sound specie basis,
these reflections lead us to the conclusion that the
duty and true policy of the banks at this time •is
to cease discounting for the mere purpose of making
money for their stockholders or to accommodate
speoulators, until they can resume specie pay
ments, but, at the same time, to furnish their usual
facilities to our mechanics, manufacturers. arti
sans, colliers, and other producing interests, thus
cancelling aeoutnulating indebtedness to sister
States, and giving tho means for employing vast
numbers of our most worthy fellow-men, who
otherwise are drawn from their usual channels cf
livelihood. This course, and this only, in our
judgment, will secure to them that strength, good
will and public confidence, which will enable them
to resume specie payments.
All these views, we repeat, are based upon the
necessities of our people, and the demands of busi
ness, upon which labor so entirely depends, at this
moment. The panic was the result of fright and
want of confidence. We must do the best we can
I to show that this alarm and distrust were entirely
uncalled for.
Tho stock market opened did!, but rallied during
the day, notwithstanding the depressing influence
of the advices from Europe. Reading Railroad
opened at 251, but reached 271 before the close of
the second board.
, The trial of B. C. Bachman, late president of
the Lancaster Bank, for embezzlement, terminated
in a verdict of not guilty, defendant to pay the
nests; and David Longenooker, who had been bold
upon a similar ammo, was discharg4
The London Times, of November 10th. in the
course of an article upon the advance of the rate
of discount by the Bank of England to ten per
cent.. says that, "So far from accommodation
having been refused, it has been extended. The
discounts of the bank during the past three weeks
have been far beyond their usual limits, and the
notes in the hands of the public consequently ex
ceed by a million or two the total In use a year
back, when prices of produce were about thirty per
cont. higher, and our transactions ware being en
larged in all directions."
On the 11th, it says : "The funds bare shown ab
solute .buoyancy to-day, (Tuesday, Nov. 10,) and
have closed at a further considerable advance. In
mercantile quarters, also, there has perhaps been
rather loss uneasiness, end the tendency to a par
tial recovery of confidence would have been
stronger, but for a manifestation of banking dis
trust at Glasgow, in consequence of the closing,
yesterday, of the Western Bank of Scotland. The
attempts to create alarm at the high rate of dis
count, In order to obtain an unlimited issue of notes,
seem to have diminished, respectable traders being
unwilling to avow either that they are so destitute
of capital as to be seriously imperilled by the ex
isting charges, or that their object in to induce
the Government to create an artificial rebound in
the prices of produce at the cost of the consumer.
" Consols for money, which left off yesterday at
881, wore first quoted 88,1 to 1381. Most of the
brokers being buyers of stock on behalf of the
public, a further advance then took place to 891.
This was followed by a reaction to 88.1 to f, at
which they remained to the official close, but al
west immediately afterwards trsnsactions occurred
at 883 to 89 for money, and 893 to 9 for the 7th of
December. At a late hour there was another sud
den advance, and bargains wore effected for the
account at 89i. The final price, however, was 893
to 3,
" In the foreign exchanges, this afternoon, a con
siderable rise took place in the rates upon all
the principal places. In most instances, the quo
tations showed a wide range, inferior paper being
regarded with great distrust, owing to the serious
difficulties occasioned in all parts of the Continent
by the American crisis."
In Cuba, it appears that there is considerable
distress occasioned by the land-owners being com
pelled to goy over again taxes of by-gone years,
because the tax-collector has defaulted with the
first payments. If it ware adopted as the rule In
this free and enlightened country, that the tax
payers should make good to the Government the
stealings of the tax-collectors, we suspect that a
very sharp look-out would bekeptupon the charac
ter of the candidates, and the purity of the ballot
boxes.
Tho Now Orleans bank statement for the week
ending November 11th shows greatly increased
strength, as will appear from the following com
parison with the former returns :
Decrease in short loans $.631,255
Increase in specie 870,020
Decrease in circulation 422,215
Increase in deposits 703,197
Increase in exchange 241,393
Increase in amount due distant banks.... :10,310
Increase in deposits proper 675,123
The Wollsburg //oat?! of Friday states that the
sheriff of Brooke county, Va., has attached and
offers for sale some or the iron of the Panhandle
railroad for taxes.
PHILADELPHIA STOCK EXCHANGE SALES,
=II
Reported by R. .11fanly, Jr., Stork Broger, No
80} Hralnut .rtrert.
FIRST BOARD.
100 Ileadiug R..55wn 20 it'
5 Lehigh Scrip 30
13 Lehigh Nav 50
$ Peoria 11 ao N,
5 do 35%
5 do 351 b
10 N Poona IL 0
50 Sehuyl N prfd....17 X
50 d045913.17 '
1 Norristown It 64
10 1904,4% 1i5uk.45.53
15 61echan Bk..luts.:lls
10 Bk of P0Z1113......11
1000 Cam& A mit 6,1'75.601(
1000 N Pa It 64.. cash 51;(
600...... 51).i
1000 Union Canal 6.1..30
3 I. Sam) I It..li.ta.ao
2 blur Col 10.1.ca1, .003 i
43 00 ..lota 00
Itralohg It 25%
.50 du ..45wa.251
50 du a 5.251,
5 do 26
2". do "sti
10 do 2.57 a
100 du 20
DUNE
1000 Cam& Mull 08113.10
200 Item' 11..10t05..
200 do ..10t+115w0.27,1,
3000 N Penns R 1:53.015.61X
100 Reading R.... 14.20%
SECOND
1000 3: Penns R
2000 JO R ..2,1 p 3 61N
1000 Cana. Atnßoe '75.00
2000 Penne rui s 5
1000 do 05
100 Healing R..Li,'n.i'7hi
100 do ..t:Arn 21
100 do • • 14, '.• 27 SC
;WO do •• - b 5 .. 27 3i
100 do 14.27%
24 Penns II
10 d o .. .99t1
20 do ..65wu.15A
5 Penn• It 9
10 do 9
I do 9
2 do 0
SI do 9
Lit Sehuyl R 35
19 1111taloa Coal Co.lo
°us—via:kJ.
2000 do 66
100 City Cs se.
500 do .. .. ....St)
600 llarrisbg ri tis'sd SO
60 Long Island ll_ 9.k
5 Howling 1t....136.27s
20 do 07si
nawn.l7
SIS
CLOSING NV
.13 id. Asked.'
1 9 Si' '69....11 1 1
rlaltedel 011....80 87
8R,...88 87
Pl 4. Asked
Be NDa '&2 pref 171 i 13
Winsp't lk 81m Rl4 13
de Ist mod 74131
4,4, New.... 92 92N
Pennsylv 6'.....84% 86
Readlugß 21 31 271
de Bonds , TO 70 76
do do 2dm 62) 64
Long lel►nd .... 93 9%
Vicksburg 0 7
Girard Bonk 874 .
Lehigh Zinc N 1
U blue Cone! 4 6
New Creek N
Catawissa B }1...6 7
do Al 8'8,44 81
Penns RR 38% 38
Morris Cant Con 47
CIE=2
. 5t00k.....10x 17
BY THE PILOT LINE.
LETTER. FRO3I NEW YOKE. -
[Correspondence cf the Prep ]
Nair YORK, Nov. 23, 1057-5 20 P.M
The advises by the Atlantic, of an increase to
10 per cent. of the minimum rate of distennt by
the Bank of England, the commereisl failures
and the bank nispension in Scotland, hint not
exerc;sed any scrious'y deplaning influence here,
although, of course, they are felt to be "bad DIMS."
It has been anticipated here that the bank mast
raise the price of money to a height, No as 68 pre
vent its profitable export to this country and the
continent of Europe, where money is dearer than
it in }:u4land.
in itself the measure is a conservative one, end
does not press very hastily on the commercial men,
further than the check it imposes on speculation.
Discounts are easy at the advanced rattie r , and
legitimate trade is supported. No one believes in
wide-spread disaster or panic, because cool, honest,
capable Ten direct the financial power, and what
ever measures they adopt will be eheerrfully accep
ted as necessary.
The result of the announcement of the failure of
the large house of Dennietoun it Co. has been the
stoppage of the house here, which, however, has
been in a lethargic state, financially smelting, bar
a considerable time. The bills retuned protested,
by the steamer, belong for the meet part to weak
mr suspended concerns, and whatever does not be
long to this category is fully protested by the
drawers or endorsers here. No harm is likely to
occur from that soot ce.
As I have already mentioned to yoit, I End that
the banks of this city have been loaning to stock
brokers on deposit of good stocks, to enable the
latter to keep up the market. There Is some sur
prise expressed that merchants who are refused a
single dollar for the legitimate purposes of trade,
should complain of thin proceeding, and not on
the contrary applaud the cunning device by which
bad and collapsed stocks are galvanized into a
simulated vitality, to enable the holders to get rid
of them without Ices, and thus " wipe oat " a For
tion'of their indebtedness
The fact is that the banks,in the rosy,days which
preceded the tall of the Ohio Life and Tram Com
pany, when " money was easy," used to lend it on
deposits fur certificates of stocks with a very nar
row margin. and without any verry great son:allay
as to the cjuallty of the cutup-Asa for which the
stock was Issued. The result was, that these se
commodating banks hold, directly or indirectly,
large quantities of almost valueless paper and se
curities, and from which they cannot hope to de
rive any profit, unless the stock market is famed,
and new gulls found to purchase at a false rates
the depreciated stocks held as above stated.
To do this money is lent to "felt* the stresket.'.'
The banks gain thereby. They hind on good
solid stocks, (State or the best railroad stoeks,) and
thus use a portion of their surplus capital without
any risk. Gain No. J. They sell at a good price
securities which are really valueless, and recover
money which they deserved to lose. Gain No. 2.
And they enable their debtors, who ruined them
selves by illegitimate speculation and reckless
stock gamblin,f, to get rid of a portion of their
worthless scrip, and thus pay their indebtedness to
the banks.
As I remarked in my letter of Saturday—which,
I regret to find, you have not duly 'received,
owing to some negligence of the poet otrom—the
morality of the bank dodge of "forcing the
market" is quite as pure as were they to supply
the necessary capital to a man wbo owed them
money, to play with loaded dice, on oondition - thak
the debtor, out of his winnings, paid them what
he owed.
The apologists of this and all the former _
ties of our city banks are or feign to be very jubi
lant, and wonder how any one can avoid admiring
the sagacity, benevolence, and masterly financial
ability of the bank sages. "They occupy noit a
proud and impregnable position." "They never
had so mach specie." "They can teatime now
when they please." (This remark is generally .
made as a clincher, and the very climax of con
vincing arement ) I regret to say I cantiot ... see
any room for praise, or any rause for rejoicing.
Very much the reverse, and nine-tenths of tae com
munity are of my opinion.
I do not see that the banks have any more sight
to ho praised by the commerce of New York for
their present large supply of specie, than would in
apothecary be justified in vaunting the rich and
abundant supply of medicines by the Ignorant nett,
abuse, and withholding of which he had destroyed
the bodily health of an entire community.
Dennistoun, Wood, B Co. have made an oadro
ment to-day, to John Hone, Esq. Foreign ex
change is dull , and rates hare advanced slightly.
There is a fair prospect that Wednesday's steamer
will take out a considerable sum. The Adriatic
took close on to $400,000. The Atlantio brought
£23,108. Domestic exchange improves slowly, to
the great relief of persons having collections to
make. There is no movement in currency. Very
little is offering for discount at that brokers. -
The bank statement of this evening shows
an increase of $13.3,136 in loans; of $3,716,014 in
specie; $24,56.5 in circulation ; $6,713 in nominal
deposits, and $2.316,409 in undrawn deposits.
The following is a comparative statement of the
weeks ending November 14th and 21st:
Nov. 14. N0v.21:
$95,239,214 525,373,432
Specie 19,451,956 23,167,980
Circulation 6.258 652 6.283,417
Nominal deposits 72,142,645 • 79,313,291
Undrawn deposits.... 68,601,555 62,911,964.
The exchanges at the clearing house todaywere
$11.317.514.23, end the balances paid in coin
51,22 2 6.042.35. The Sub-Treasury received $125,-
106.49 ; paid out $185,775.94, and has a balance
of $4,817,591 49. The custom house received, to
day, for duties, $44,000.
The Stock Market was slightly depressed thli
morning,.under the Atlantic's news, but recorerad
before the close of the first board, and closed eery
firmly, with an active demand. New York Cen
tral closed at SO Reading at 52 Illincie Central
at 95; Ohioan° dEt I &W.' Erie 17; La Crosse 41;
Milwaukee 121 and Michigan illeathern" at 214_
Thereare strong indications of a sustained and
busy market, sad plenty of money to buy—or, I
should say, speculate—alllogitimate business being
dead. The bank statement sufficiently demon
strates the latter sad rot. ' ! - -
NEW YORK STOCK RECITANGE ULM, Nov. ZI
SECOND BOARD.
&XIII SI
233 do
23 If ich S & N I prof 41
10 Galena & Chit 64g
300 Cler & Tol R 43J
330 do 43%
' 50 ill Cen B s.lO 95
6Chic & RIR 941.‘
.93 do - 53
50 do b2:l 63
RV do a 8434
50 LI Cr &3111 12,14
50Mi1&MiaoB 92
10 CB & Quincy It 55
4SErie R 11-
15000 Missoart Gs 79 ,
5000 do st 3 ISX
5000 do 2.15 787`
"alOOO N Carolina tls 87
4%0 Mich State 6s 91
3000 Cal Is 15 67X
2000 N Y St'e 5s , 60 93x
1000 Brooklyn City 6s 89X
2000 do
4000 1111IC 8 pen Pn 85
2000 N Y Cen R E 6s 75
50 Penn Coll Co 62
5 Pocitic 3183 Co 69,v
/00 CUM COlll 11 X
50 Y Cen R 1330 SO
300 Reading 15 52
ITZMI!
AIMES.—The demand for both kinds is mode
rate, at sl' for Pots, and S6.seatBtBl for Pearls.
Corws.x.—All kinds continue dull and heavy.
The cargo of the Spright wag taken on speoula4
tion on Saturday, embracing 2.750 bags Rio on
private terms.
COTTON.—The market has not opened under the
news per Atlantis. Prises are heavy, and buyers
do not show a dispoeitioa to operate.. Qootations
are omitted as nominal.
Essn.—The demand for an kinds is quite limit
ed, but priees are unchanged.
FLOUR, de.—The ingairy for western canal
flour is very light, confined to the home trade.
The return of mild weather, and the unfavorable
news from Europe, gave buyers the advantage,
and we reduoe our quotations 10e per bbl.
The sales are 4,000 Ws, at $1.85a54.95 for com-
mon to good State ; $5.10a55.25 for extra do. ;
$4.85a54.95 for superfine Indiana and Michigan ;
$3.1046 for extra do.; C 5 .15a$0 for common to
good extra Ohio ; $6a57.25 for good to choice extra
do.; 5047.25 for St. Louis brands, and t0•50a57.75
for extra Genesee.
Canadian flour is lees active and is lower: the de
mand is for the East only—sales of 400 bbls at $5.15
46.50 for extra brands.
Southern flour is lower and is inactive—the ar
rivals are large—sales of 500 bbts at 55.20,45.40
for mixed to good brands Baltimore, de., and $5.45
as 7 for the better grades.
Rye Hoar is heavy--tales small at $3 50n54.60.
Corn Meal is inactive at $3.49a53 50 for Jersey,
and 53.75 for Brandywine. Buckwheat flour is in
demand at $2 50a52.52 per 100 lbs.
GRAIN—The demand for wheat is limited, and
the market is lower and nominal, the news from
Europe checking the inquiry for export.
The sales are small, about 5,000 bu 2 at $1.251
$1.50 for inferior to good white Southern; $1.15
for red Indiana—an extreme price: $1.20 for prime
white Michigan.
Rye is better; the demand more active—aides of
4,000 bus at 70c for prime Northern; Barley is firm
at 72.sSSs
Oats are in fair demand at 30a410 for Jersey;
and 45a480 for State and Westein. Corn is heavy,
and is quiet—sales of i,700 bus at 80aS.2e for West
ern mixed, and 86aS71e for Southern yellow.
PROVISION s.—The demand for pork is moderate,
and the market is lower and heavy ; sales of 300
bbts at 510.75 for prime, and ;19.25410 50 far
mess.
Beef is in fair supply, and is hoary at the re
duced quotations, the sales of lOU bbls at $.5a117 for
country prime; $9.25410.50 for do mess; $13.50a
$l4 for repacked Western mess, and $l5 far ex
tra do. . .
• • ••
Prime mess is quiet at $21a52.5. Beef bums are
quiet at $14.0.1;311 Bacon is dull at 12412 k.
English middles are quiet and nominal. Dressed
hogs are in fair demand at &hale.
Lard is in limited demand and is heavy—sales of
140 bbls and tes at 11111121 e. Butter is in fair re
quest and is plenty tat 12a170 for Ohio, and 1.52` , 00
for State. Cheese is saleable at 6aSe.
. .
RicE.—The demand is moderate, and prices are
somewhat fumer—salesof 140 tes at ,¢34i fat.
SUGAP.S.—There has not yet been any change
under the Atlantic's adviees, but the market looks
heavy, and no sales of importance bare transpired.
Richardson, Spence, &Va.'s Circular
LIVERPOOL, Nov. 10.—Since Friday, monetary
difficulties have continued and increased, and the
advance yesterday in the Bank rate of interest to
10 per vent , together with the failure of some
large houses. has added to the general depression
of trade.
Breadetuffs have ruled quiet. At to-day's mar
ket there woo a moderate attendance cf buyers,
and Wheat met a fair consumptive Bale; prices,
however, of all descriptions must be quoted 21 to
per bushel lower, except for best reds, which,
from scarcity, maintained about previous value.
Inferior Wheat un'aleable. Flour was offered at
a further reduction of Sd to is per barrel, bat was
most difficult to sell. Indian Corn dull, at 6d per
quarter cheaper. We quote Wheat: Reds 63 6d to
s fa: white Is 3.1 to Ss; a few retail sales of choice
at 83 3d per 70 lbs. Flour : Philadelphia and Ral
tunore 270 to 21s ea; extra Ohio 20s; Western XI
iid to 27s 61 barrel [Latin Corn; Mixed and yel
low ifs to Ns fa. white 40s to 4is per
Beef. Pork, and Dimon —There are no transac
tions to report in any article, and quotations are
nominally unchanged. Lard very dull, and, al
though offered at a lurther heavy reduction, no
sales can be effected. Tallow has declined to .50s.
for P. Y C in London. Here there is nothing
doing, and 515. may be given as nominal quota
tion for •• Butchers' Association." Rusin flat at
4s. 3,1 Bark—No transactions.
Cotton—The uarket continues in a very unset
tled condition; the demand is confined to the
smallest wants of the trade, and prizes are still
entirely governed by the necessities of tellers, who
have accepted yesterday and to-day of a decline
of fully 1 per pound since Friday. In Manchester
there is very little doing, but the tutting t oday
did not seem so desponding as m ight . bate beta ex
pected. Middling Orleans, nem tually, 7;J; Mobile
t}l; Uplands 7id per pound,
LONDON PRODITI AIARILETS.—BrendSiOniIIaINN
and To itbont change. Sagan dull and prices
cult to quote. Coffee dull and lab cheaper for
Ceylon. Tea dull end lower; common Cangoa le
Tallow selling at Xs for T C. Linseed Oil 33e.
Scotch Pig Iron 5 . 23. At Glasgow the Iron market
was much depressed; sellers at 515501.