3
M0UM1N SENTINEL.
EBENSBURG, PA.
THURSDAY, APRIL 18. 1850.
FOR CONGRESS,
GEN. JOSEPH M'DONALD,
OF CAMBRIA COUNTY,
Subject to the decision of the Democratic Con.
r-. gressional Conference.
ETThc Smtimel, has much the largest cir
culation of any paper published in this county
and a an advertising sheet offers superior
inducements to merchants and bus i net mrm
generally. Those desirous of making uss of
this medium for extending their business can
Jo so by either sending their notices direct, or
through the follote in g agents:
John Crouse, Esq., Johnstown.
a? F; farr Evan' Buildings, Third st
Philadelphia.
V. B. Palmer, Esq., A'eiq Vork Philadelphia,
DEMOCRATIC
COUNTY CONVENTION.
The Democratic citizens of Cambria county
will meet at the election houses in their sever.
1 townhipa on Saturday the 27th inst., for
the purpoie of electing delegates from each
lection district to meet in Convention at the
Court House in the Borough of Ebensburjj on
the following Monday, whose duly it bhall be
to clt a Representative and recommend a
Senatorial Delegate to the Democratic State
Convention which is to assemblo at Williams
port on the 29th of May neat.
The polls in each district will be kept open
from two to six o'clock, P. M , in order that
very man may have an opporiunity of voting.
By the Democratic County Committee.
. . . S J' KENSlfAW, Chairman
April 9ih, 1850.
t3TOar friend Milton Roberts has open
ed out a fine assortment of Dry Goods,
Groceries, Boots and Shoes, Flour, Bacon
Cheese, Salt fcc, in the room occupied as
the Post office, where his friends and the
public arc invited to call and see him.
He is a clever fellow and merits the pat
renage of the public. See his advertise
raent in another column.
j) rciereuco io nis card m another
column, it will be seen that our friend and
t mr- r .. r . i . . . .
former townsman, Col. Thomas C. M'
Dowell has resumed the practice of the
law in Hollidaysburg. He will attend the
Courts in this county as usual, where we
predict he will resume that extensive prac
tice which he formerly enjoyed. We
know no'man who by his upright and
gentlemaly conduct during his sojourn in
this county won for himself more warm
and devoted frienas, than Thomas C. Mc
Dowell, or one whose social qualities
were better calculated to retain them.
We predict for him a successful career in
Hollidaysburg.
P"Thomas J. Campbell, Clerk of the
national House of Representatives, died at
his residence in Washington city, on last
Saturday morning, after an illness of about
one week. Mr. Campbell, says the
Washington Globe, was a member of the
Legislature of Tennessee several years,
and of the 27th Congress, fiom that State.
He was elected Clerk to the 30th Congress
and re-elected to the present, the 31st.
We were acquainted with him during the
last eight or ten years, and can bear testi
mony, as can all who knew him, that he
was a man of sterling integrity, and with
out a stain on his character, either private
or official.
CP We learn that some persons whose
names we could mention arc industriously
circulating a report throughout the county
that Wm. S. Campbell, Esq., is opposing
the .nomination of Gen. Joseph M'Donald
for Congress. This is merely one of the
numerous mdi'cipus falsehoods that have
been put in circulation, by the utterance of
which a few reckless cnemitT of the Su
perintendent expect to carry their point,
and hatch discord in the democratic ranks.
It has not the least foundation in truth,
and we appeal to Gen. M'Donald for the
truth of our assertion. The friendship
that has heretofore existed between M'
Donald and Campbell is not in the least
impaired, and the object intended to be
accomplished by a contrary assertion is
too palpable to need an explanation. Such
conduct on the part of a few disappointed
individuals is merely another evidence of
their determination to endanger the suc
cess of the party to which they profess to
belong, in order that they may wreak-their
vengeance on the man who did not see
proper to allow them the privilege of
sucking the public teat.
tyOur thanks are again due the Hon.
Job Mann in Congress, and Dr.'Wm. A.
Smith of the Pennsylvania House of Rep
resentatives, for several valuable public
doumrnts. . . , .
Gen- Joseph. M'Donald.
This gentleman, who is the unanimous
choice of the Democracy of Cambria
county, for Congress, is too well known
and too highly appreciated for his upright
conduct and stern adherance to' democratic
principles, to need .any eulogy at our
hands- Cambria county, of right, claims
the privilege of selecting the next candi
date for Congress, and in presenting one
of her favorite sons for the consideration
of her sister counties composing this dis
trict, she Trusts that no obstacle will be
thrown, in the way of carrying- out that
privilege to which all must admit that she
is entitled. We are gratified to perceive
that Gen. Bowman of the Bedford Gazette
takes the lead in acknowledging the justice
in the following manner, of the claim of
Cambria county, and in noticing the meet
ing held here on last Court Week expres
ses the sentiments of the Democracy of
that county towards our candidate Gen
Joseph M'Donald.
Cambria County The Democrats of
tnis sterling little comity held a mass mee
ting last week lor the purpose of selecting
a delegate to nominate a candidate for
Canal Commissioner. In this, however.
they did not succeed, owing to the im
mense crowd, and referred the matter back
to the respective Townships, who are to
choose two delegates to meet in Conven
tion to select the delegate. Strong and
patriotic resolutions were passed on the.
occasion, and general jjood feeling seems
to have prevailed. A resolution highly
complimentary to Hon. Job Mann was
passed by the meeting. Gen. Joseph Mc
Donald, a member of the Ebensburg Bar,
was declared to be the choice of Cambria
county for Congress at the nextelection
and, as that county is fairly entitled to the
nomination, upon every principle of jus
tice, it will no doubt be a pleasant duty for
the other portions of the district to acqui
esce in the nomination of the man of her
choice. Westmoreland and Bedford have
both had four years, and who will say that
Cambria is not entitled to two? particular
ly now that she has unanimously put for
ward one of her best and most talented
citizens. Gen. M'Donald is a firm, and
reliable Democrat, and would represent the
District with honor to himself and advan
tage to his constituents.
Legislature.
Wc have no intelligence relative to the
time when the Legislature will adjourn.
Thej hundred days having expired, the
members are now only entitled to receive
one dollar and a half per day. We notice
however, that they are endeavoring to
obviate the difficulty in the way of long
sessions, as a bill has been introduced re
pealing the law which reduces their wages
after the expiration of the hundred days.1
Another apportionment bill has been in
troduced, and we believe it is the deter
mination of the members not to adjourn
antil the Governor has put his signature
to it, or. one of a similar kind. We do
not believe that the appropriation bill, so
neeessary to keep the wheels of Govern
ment in motion, will be touched until af
ter the apportionment of the State has
been settled. Beside these there are sev
eral other highly important bills which
should be passed, and which will consume
considerable time in their consideration.
In this view of the case, it is hard to tell
when the Legislature will adjourn.
Since the above was in type, we re
ceived a private letter from Harrisburg,
from which we take the following extract.
The 15th was a busy day in the House.
The General Bank Bill as reported from
the committee of conference of the two
Houses passed finally. The Committee
on Banks also reported . several bills for
the charter of new banks, The Appor
tionment Committee also reported a new
bill districting the State for Senators and
members of Assembly. Our Senatorial
District remains as in the bill vetoed by
the Governor, viz: Cambria, Clearfield,
Centre and Blair. Bedford and Cambria
form a district for the election of two
members to the House.
Tke Forrest Divorce Bill was taken up
a?d passed by a vote of yeas 42, nays 40.
The TVeatherill Divorce Bill, after a Ion
discussion vas hilled, by a vote of yeas
34, nay&y 45. The bill prohibiting the
Banks from truing Relief notes at a less
denomination than five dollars passed by
a large vole, so that there a prospect of
these small dirty notes being gradually
withdrawn from circulation. The Reve
nue Bill passed by a vote of yeas 55, nays
25. The Legislature will not be able to
adjourn until near the last of the month.
The Pennsylvania Railroad.
The Philadelphia News says 'it wil
be gratifying to the friends of the Penn
sylvania Railroad to learn that the passen
ger traffic alone has already exceeded the
estimates. The income on that portion
of the work which is open for use, during
the last ten days, exceeds 610,000; bein
A I A A 11. I
" .r"n .rY Project of
an immense increase, when the connec
tion with the'inclined plain at Hollidays
burg is completed. - We understand it is
in contemplation to open the road to Hun
tingdon in the course of a few weeks,
which will not only - add to the receipts
but shorten the time several hours.
Gcv. Johnston's Consistent j.
Perhaps, among the many glaring and
palpable inconsistencies of which the whig
party has been guilty, none stands out more
prominently than the recent veto by the
Governor of the apportionment bill. The
people of Pennsylvania must all well rec
ollect, that during the canvass of 1848,
when Gov. Johnston took the stump, how
he declaimed against the veto power, or as
he and his friends denominated it, the one
man power. He made it one of the prom
inent issues of the campaign, and denoun
ced as a tyrannical and anti-republican
provision of the constitution. The demo
crats, on the other hand, maintained that
it was a wise and salutary check against
bad legislation, which the people had de
liberately inserted in the constitution, to
proteet their rights, and that the attempt
on the part of the whigs, to render it prac-.
ticaiiy inoperative, was an attact upon one
of the best provisions of the fundamental
law of the State.
Scarcely had Gov. Johnston got into
office, until he found himself in a strait.
Gov. Shunk had held over, for further con-
sideration, several important bills which
had been presented to him at the close of
me oession oi i4U. Ihese bills came peals to your justice, m this hour of tribu
into the hands of Gov. Johnston when negation, when you call upon us for sympa
assumed the executive duties, as Speaker thy in regard to matters in which you feel
oi me oenaie. Among1 them, there was
one in regard to a railroad in Erie countv
0 .
which excited a good deal of interest, and
Gov. Johnston, to avoid the responsibility
of signing or vetoing it, took the position,
regardless of the fact and well known truth
that he knew nothing officially, about the
existence of any such bills, notwithstand
ing he had them in his possession. He di
rected them, however, after the lapse of
the constitutional period, to be deposited i
in the Secretary's office as laws, thereby
stultifying himself in regard to the first po
sition he assumed. He has since then, to
avoid responsibility, permitted several bills
to become laws without his signature, by
holding them more than ten days when
the legislature was in session. This is a
practical nullification of the constitution.
But it seems, when a bill is passed
which he fancies is calculated to affect the
whig party in a political point of view,
his conscientious scruples .in regard to the
exercise of the veto power, no longer stand
in his way. The Legislature mav Hn
what they please in every other respect,
so that his party interests are not affected,
WU i
x ucy may pass taws impairing contracts,
take away remedies to enforce them, and
do what they please in regard to the pub
lic interests, and his conscientious scru-
J ples will not allow him to in;erpose the
uiu iv uiicgi muiii, uo njauer now unjust
to individuals or injurious to the public at
large. But the instant a bill comes before
him which be supposes is calculated to
affect the whig party politically, he for
gets all his ridiculous declaration against
the veto power and his regard to consis
tency, and without any scruples of con
science whatever, interposes the tyranni
cal one man power, which he had de
nounced in all his electioneering speeches,
for the protection of whiggery and mere
party purposes. He denounces the bill
as unconstitutional, and as hasty and m
sonsiderate legislation. This, however,
is a matter of opinion, as well as in other
cases, and it seems most singular, that in
this instance, he should deem it his duty
to act according to this judgment and con
scientious sense of duty, while in other
cases his obligations to support the con
stitution and discharge his duty with fi
delity, are to be entirely forgotten and dis
regarded, in deference to the popular will
as expressed by the Legislature!
It is thus that men who, in disregard of
truth and sound principles, seize upon
talse positions and play the demagogue to
deceive and mislead the people, will ever
expose themselves when they are placed
in a situation where they are compelled to
act, to the charge of inconsistency, insin
cerity and hypocrisy. We will give the
veto in our next p?per. Harrisburg
Keystone.
How Axes are Made. The process
has been greatly simplified within the 'last
two years. The iron is rolled out in bars
the proper width and thickness of an axe.
and six, eight, or ten feet long; it is heated
and cut off by a large pair of shears, pro
pelled by water power; another workman
picks up the piece and places it between a
die, and the punch comes down and forces
the hole for the handle by punching out a
piece. An iron mandrill is then inserted
into the hole, and it is immediately put un
der another press, which forms one side
of the axe; it,.then goes into another die,
and forms the other side, and is then plac
ed in an upright position, and a chisel
comes down and splits the bit of the axe
ready for ste?'? it i3 then thrown aside.
All this is doilP in bi;c heat, and in less
time than it takes to write ihs modus op
erandi. The blade of the axe is thcri put
in and welded, passed along to the forger,
tempered, and is cast upon the ground to
cool. As soon as it is cooled, it is taken
up and planed down to an edge by a pla
ning machine, and finished with fernery
wheels painted and labelled, stamped and
ready r the market.
Experience is a torch lighted in the
ashes of our illusions.
I; ;tP".S'cc new advertisements.
Thaddrns Stevens, Horace Scan, and H. W
Seward.
In the recent able speech of Mr. Wil
liams, of Tennessee, he thus alluded to
the true friends of the Union, the Demo
era tic party,' and to three of the bitterest
foes of the Union, and the Democracy.
Mr. Williams is a leading and influential
Whig and spoke in favor of the admis
sion of California: -
I have heard several members on the
other side of the House declare their wil
lingness to trample under foot the Wilmot
proviso, and so to quiet the public mind;
and I am also informed, from a reliable
source, that there are twenty Democrats,
members from free States; willing to risk
their popularity, and settle the question:
and on terms demanded by the South two
years ago. I honor them both for their
patriotism and their courage. It has been
my boast that I had ever belonged to the
great conservative party of the Union to
the Whig party. It is a mortifying fact
to me, that up to this hour, no Whig in
the House of Representatives has yet
avowed, in his place, the determination to
follow the self-sacrificing example that
has been set on the other side. I have
ever believed that the Whig party was
the great conservative party of the Union.
The hour of trial is upon us, and if that
great party should now fail of its duty.
and should not come up to the just expec
tations of the country,. I am for a dissolu
tion, not of the Union, but of the Whig
party. And be assured, gentlemen, that if
you turn a deaf ear to our reasonable ap
a ueeo sectional interest, our resnonse
t ,
will be, Away, we know you not. But
I still have confidence that we shall re
ceive, at the hands of the North, the aid
which we require; but not from such
members as the gentleman from Pennsyl
vania, (Mr. Stevens,) and the gentleman
from Massachusetts, (Mr. Mann.) The
gentleman from Pennsylvania grossly
slandered the South. He forced upon me
the conviction that, at some period of his
life, he had been a political bankrupt, that
he was here by accident, and that he had
made a desperate, a reckless, and I may
say, a dare-devil move to obtain a forward
position in Pennsylvania, on what he
deemed to be a popular hobby. The gen
tleman from Massachusetts has been re
ferred to so often, that I allude to him
with reluctance. He described in glowing
colors the miseries and ruin that would
inevitably follow a dissolution of the
Union: yet, when appealed to, in view of
all the horrors he had depicted, to sav
whether he would not vield something to
. . .
! save his country from a fate so deplorable,
i he replied that he would not; thus proving
r.iL,i .
mat ne Deiongeu to tne same party as tne
Senator from New York, (Mr. Seward,)
who in his place, declared that he was
willing "to re-enact the laws of God"
that there was a power higher than the
constitution in other words, that he was
willing to commit perjury in the service
of his God. A man capable of uttering
such sentiments, ought to be whipped
with scorpions through the world.
Democracy Vindicated
One short year only has run its round
since the present Federal administration
come into power; and already the sceptre
is passing away, and the condemnation of
the people, loud-spoken anc unmistakable,
is falling on the treacherous violators of
promises. Like the leader of the olden
time, the President seems to have taken
the tablet of his pledges, and cast them to
the earth, when a wicked spirit moved
him, till he broke them into a thousand
small fragments. But these, like the com
mandments of ancient days, were" engra
ven on the memories of the people,' and
now the slow but sure retribution of pun
ishment is following faithlessness and
falsehood.
It is well known how clamor and pre
judice reviled the Democratic doctrine of
non-intervention in the slavery question.
The Nicholson letter was scorned and
abused by some fanatics in the free states
as the very essence of political heresy.
The foaming abolitionist preferred to elect
the taskmaster of 300 slaves President of
the Union, rather than elevate the author
of that letter. And then a swift retribution
followed. Fanaticism and madness threat
ened the perpetuity of the republic. The
slaveholding President was unequal to the
emergency. His counsellors were silent.
and he was dismayed. And then it was
that the standard bearer of the Democratic
faith arose to still the tempest, and calm
the minds of the infuriated. Then it was
that his position was vindicated; and it:
the stone which the builders rejected: be
came the head of the corner. .
In the hard fought contest of '48 Gen
Cass never faultered. With a fearless
reliance on the truth, he could bide his
time; and would sooner be right than be
President. He was neither loud in his
professions, nor profuse in pledge?. But
he took his position upon the Right and
the Truth; and he preferred defeat a thou
sand limes to dishonor. And now in the
Senate he stands vindicated. The false
prophets are coming to the mountain.
Even the greatest among his political op
ponent are compelled to bear testimony
to the sagacity and integrity of the Demo
cratic leader. The President seems struck
dumb with the magnitude of the question;
and when the election returns from such
states as Connecticut come to him; he,
like tho Babylonish prince of old, must
think them - the omnious decree of fate,
that tells his regency is at an end.
This is another illustration of the sta
bihty of principle, and the futility pf in
iriguc and cunning. It shows how pow
expediency, and how mighty
Just so it was in 1846 when the tariff
question came up. Prejudice, and clamor
were loud and mad. But Mr. Dallas
trusted to - the future for his vindication
and relied upon the faith that never failed
IXor was he mistaken. - The future has
justified him, and his revilers are silenced
do too it was with that man of
iron
nerve and unbending will, when
mam
motn monopoly stalked abroad to sow
corruption through the land. Jackson
was true to the trust of the people, and
"took the responsibility of doing right.
He feared not his puny revilers, for he
saw his justification in the future. And
now his' fame is imperishable, while At
traducers are silenced in shame.
em- . . .
inis is the meed ot those who trust to
an eternal and abiding faith in principle.
l ne democratic party has a foundation
and a faith that no time can shake, and no
temporary defeat can disgrace or destroy.
Those men alone in that party have be
come statesmen who lived up to the strict
letter of their political faith; never relied
upon expediency, and dared to brave tem
porary defeat for permanent greatness,
honor and fame. Star of the North.
The Galpbio Claim.
The New York Tribune, although a
decided whig paper, admits that there is
something wrong on the part of the ad
ministration in allowing the Galphin
claim, and insists that "the fair fame of
the parties concurringfin or conniving at
the passage of this second claim, impera
tively demands a full explanation or clear
refutation."
The leading facts in the case seem to
be simply these: The original claim was
for $48,000, and existed while we were
yet in a state of dependence upon Great
Britain. The claim was against the colo
ny of Georgia, but after our independence
she ceded her wild lands to the general
government 4z with them this claim of $48,
000. Numerous attempts were made to get
our government to acknowledge the claim
and an attempt was made, at one time, to
saddle it upon the Cherokee Indians, but
it failed. Finally, however, in 1846, a
bill passed Congress directing the Secre
tary of the Tre?sury to audit and settle it.
Mr. Walker, the then Sectetary of the
Treasury, allowed the principle but re
jected the interest. The claim came into
possession of the present Secretary of
War, Mr. Crawford, who has been allow
ed by the present Secretary of the Trea
sury, Mr. Meredith, the full amount prin
ciple and interest, in all $190,000, altho'
it had been disallowed by the Controller
of the Treasury, Mr. Whittlesey.
We look upon the whole affair, re
marks the Philadelphia Times, as one of
the most shameless political intrigues, and
the most disgraceful swindle on record It
bears the impress of a collusion upon its
very surface, and is one of the numerous
transactions in the history of the Cabinet,
which is sufficient to condemn it with
honest men of both parties.
Pennsylvania and Ohio Railroad.
Wc copy the following from the Mon
ey Article of the Philadelphia Ledger, of
Friday last:
Col. Wm. Robinson, Jr., of Pittsburg,
Pa., and Hon. John Larwell, of Ohio,
Director of the Ohio and Pennsylvania
Railroad Co., have just completed the
negotiation with Messrs. Winslow, La
nier & Co. of the six per cent, bonds of
the cities of Pittsburg and Allegheny for
$200,000 each. These bonds were issued
by the respective cities in payment for
their subscriptions to the stock of the Ohio
and Pennsylvania Railroad Co., and the
proceeds thereof are applicable to the
construction of that part of the road which
lies within the State of Pennsylvania, a
distance of forty-eight miles. The whole
length of the road is about 140 miles. It
intersects the road to Cleveland about 80
miles from Pittsburg, and it is the second
link in the great chain of railroads from
Philadelphia through the heart of Ohio,
Indiana and Illinois to St. Louis, and is
in fact a continuation of the great Central
road from Philadelphia to the West. Over
eleven hundred thousand dollars have
been subscribed to the stock of the Com
pany, which is daily augmenting. Fifty
miles of the road is under contract and
progressing since September last. These
city bonds are payable in twenty-five
years, in the city of New York, and the
interest is payable semi-annually in that
crty, on the 1st day of July and January.
1 hey are payable to the order of, and
guaranteed by the Railroad Company,
Annexed to the bonds are transcripts of
the act of the Legislature of Pennsylva
nia, authorizing the subscription and ex
empting them from all local taxation, to
gether with the ordinances of the respect
ive Councils, and resolutions of the Board
of Directors of the Railroad Company,
accepting the subscriptions in accordance
with the ordinances. It is said a consid
erable portion of these bonds have been
taken for European account.
Standing upon his rights. Some
forty years ago, when man's respectabili
ty depended much on his taking a news
paper, a certain shrewd old fellow was
one morning enjoying the luxury of peru
sing his paper (although he labored under
the great disadvantage of not knowing a
singleletter of the alphabet,) when a more
knowing neighbor of his happened to
come in perhaps to borrow his paper
observing to him that he had his paper
wrong end up. The old gentleman, draw
ing himself up in all the pomposity of of
fended dignity, exclaimed: "I would have
you know, sirfthat if I take a paper and
pay tor it, i nave a right to read it which
end up i picnsc.
erless is
Truth.
From Slinrsota.
The St. Paul papers continue to nofic,
a great influx of letlerV.to that plac from
emigrants in the States, asking information
m relation to the territory. The Chron
,?u ,frter ofthe ,6th
If half the people come to Mmesou this
season that have written here for inform,
tion, our population will be increased be
yond tho most sanguine expectations by
autumn. . '
Much of our correspondence ts from
book-keepers, clerks and professional men.
These are the classes that are too apt to
crowd themselves into a new place, and get
the start of producers and mechanics, with.
out the presence of whom, no town, how
ever eligibly situated, can experience
healthy growth. We can but say to those
that we are pretty well supplied with per
sons in their line at present; but as we ad
vance more will be needed.
All mechanics, of whatever branch. tht
have written us, as well as those who have
not, who are looking out for a new home
in the west, we advise to "make track"
hitherwards.
Another dog train, from the Red rivet
settlements of the north, states that the In-
dians to the east of Pambina, reported in
former letters to be in a starving condition
had generally come in, and wvere about de
parting for the buffalo ranges westward.
The inhabitants on the British ide of the
line were Sitting out a large hunting expe
dition for continued depredations upon the
game within our borders; and it was feared
the buffalo would be entirely driven off
and the Indians still further restricted in
their means of subsistence.
This arrival brought a large mail, com
prising letters, reports, S:c.,from the Hud
son s Bay company, destined for England.
They were mailed at Fort Snelling, and
will reach their destination much sooner
by travelling through the United Statfi.
than if they had been sent by way of York
Factory. This is an event strongly illus
trative ofthe progress we are making to.
wards the North pole The old beaten
mail track, which the Bay company has
traversed for two hundred years, is aban
doned for the more expeditious route which
the steady nmch of American enterprise
has opened.
One of the principal St. Panl merchants
Mr. W. H. Forbes who has labored and
will continue to labor with all his energies
to bring this state of things about receiv
ed by a late arrival a bill of exchenge on
the Hudson's Bay company for a laryc
amount to be negotiated for the purchase
of goods in the Eastern cities.
The Stw Orleans Mint Closed.
We find in the New Oleans Bulletin
of the 2d inst., the following account of a
curious state of affairs in the mint at that
city:
ne understand that the mint was closed
in this city on the 31st ultimo. Mr Mac
murdo, the late Treasurer, sent in hi res
ignation some months since, to take effect
so soon as his successor should be appoin
ted, and the Department has made two or
three appointments but the smallnesss of
the salary in comparison to the duties and
responsibility of the station and the
enormous amount of the official bond, have
deterred the parties from accepting. Ear
ly last month, Mr. Macmurdo sent in his
positive resignation, to take effect "on the
31st March, and no appointment having
been made the office is now vacant, wiih
a consequent suspension of operations.
The office has been tendered to various
parties, who have declined for the reason!
stated above, and the United States are
now without a Sub-Treasury in New Or
leans. The Sub-Treasury law obliges the
Collector and other receiving officers to
deposit their funds with the Sub-Treascrer
but if no such officer exist, it will be t
rather difficult matter to comply with that
provision of the law, and it at the same
time makes it a penal offence if he places
it in the control of a bank. How lonj
this state of affairs may continue, we can
not say, but the whole thing is very awk
ward, and will occasion much inconveni
ence in various ways.
Price of Monry in California
A correspondent ofthe Boston Trareller
writing from San Francisco, says:
Serious fears are entertained by many,
that a crisis a crash, must come Ever
since December indeed, money has been
scarce. Capital was ail invested. The
prices of all articles of consumption have
ranged as high as ever. Few people
hud money to lend. Obligations became
due, trade was falling off, and firms of
large means and undoubted wealth found
it difficult to raise money enough to keep
along smoothly. Speculations are still
rife.. Ten per cent, a month on the bctt
securities, began to be paid. Business
men are today paying 12, 15 & 20 per
cent, a month. Some who have money
are holding off, waiting for the crash to
come. . Then they will rush in for large
amounts great bargains at ruinous pn
ces. i think they will wait in vain.
have no sympathies with birds of eil
ome n I agree not with the croakers. I
fear there will be troubles, failures, and
all that; but I anticipate no general crash
That the pressure is severe 1 admit; that
there is danger I allow; that some of the
fortunes made last year are rapidly van
ishing, 1 know. But there is yet some
bottom and more pride left to the business
men of this region; these will carry them
through If they can but bold out
month or two longer, all will. be weil.
1 he arrivals from borne, the dust iron
the toils ofthe winter in the dry diggings
and the receipts from new sales as thff
business of spring goes on, will tend t?
relieve the pressure, to bring down the
rates of interest, and prevent hardetltr.?-