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The herald. (New York [N.Y.]) 1835-1837, April 07, 1837, Image 2

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FRIDAY, A Fit I L T, 1837.
tar THE HEEALD OFFICE vUl Jt EMOVE on iti' i it
of Mmy to So '41 ASS STREET, on* iloor east of Sa??au
rirtet and uppotU'. the Yeatry Root/it i J iKe Dutch Reformed
Kitra Hc??lon of Cou|(r?M<
We are happy 10 observe that the public press is be
ginning to remark freely on the proposition wo
made tha other day for an immediate assembling ol
Congress, in order to deliberate and legislate on the
present distressed state of the country. The Journal
of Commerce and the Transcript apjwai to sanction
fciie idea, and to throw out additional reasons for such
a movement.
It is very certnin that in no period of American his
tory, has a crisis occurred equal in intensity, disaster,
and distress to the present ? not even during the war
?f 1812. State legislation, bypiompt and immediate
acnon, may interpose by way of a preparatory step to
aid the action of Congress, but from the latter body
only can we expect those radical cure* required by
the rottenness and deep rooted natural of the disorder.
The present crisis is unequaled, unrivaled in the
history of commerce. The truth ought to be told. ?
The pressures of 1313 ? of 1825 ? of 1334, were only
" the premonitory symptoms of the present extendi d
disorder. In 1?13, only the importing trade of a few
wn ports was a fleeted ? in 18*25 again the importing
trade, the cotton trade, and a certain species of paper
currencies called bonds.
These were nearly local and temporary disorders J
when compared to the present disease.
In 1833 ? -I, the pressure was produced by the ac- |
tiou of parties, and for a particular object. It accord
ingly soon parsed a *ay.
Hut the disorder now rising to its height, lias been
in progress from the year 1812, more or less, up to
January 1836, when .!i terrible symptoms began to he
developed by a general rise in interest, in cotton, in
lands, in lots, in provisons. in almost every article of
consumption, with the solitary exception of some ar
ticles ot ' jreign import. During the last twenty four
years, by means of the rapid intercourse produced by
railroads, steamboats, and other modes of locomo
tion, the commerce of this great country has moved as
a single machine of extraordinary complexity and
speed. Into our commercial pursuits we have infu
sed the real high pressure principle ? a power equal in
intensity to commerce to the power of steam in loco
motion. V\ hatever disorder therefore affects one part
of the machine reaches the other.
(hi this theoty only can we explain the present ex
traordinary rise in prices ? interest, money, and the
other phenomena, which are diffused from Maine to
Texas from the Atlantic ty the Lakes.
By the legislation of Congress and the States, the
most extraordinary and unnatural impulses have been
given to commercial action. At a moderate estimate
it is probable that an inequality in the article of money
and in thecommercial liabilities exists to the amount
of 150 Bullions throughout the nation. This amount of
indebtedness, beyond ability to pay, has arisen from the
long period of speculation? the rise in prices? and the
general action ot State and Congressional legislation.
Already failures to the amount of nearly an hundred
millions have been announced throughout the United
States since the reaction begun in September und Oc
tober last. These failures will of themselves cause
more to take plase. Their assets, if only equal to their
liabilities, are now in a great degree locked up for a
time. This ef course diminishes the quantity of nego
tiable securities and still further increases the inequali
ty between the remaining liabilities of the whole na
tion and the amount of capital to pay them with. At
present the general disorder only efiects those houses
and firms that have been trading beyond their means.
But in a short tune it will r?rach every solvent man in
the nation who does business on the shortes' credit,
or even on cash. The terrible reaction is, at this mo
?merit, gradually eating iti way into the vitals of our
manufacturing system and the mechanical occupa
tions of life. In a short time whole factories will have
to discharge their workmen ? the wages of labor will
fall ? and distress, deeper than the want of credit or
the want of means, will pervade the community?
the want of bread? the ic^nt of work.
In the midst of these scenes and future prospects,
the public authorities in New Vork, Albany, Wash
ington are supine and inactive. They are paralysed
? they are struck dumb? they are heedles* and reck
less. Unless they awaken from their stupor, either
in Washington or in Albany, the general derangement
of commerce throughout the nauon will breed a ter
rible revolution in less than six months. Will they no*,
wake up 7 Have they cars and hear not? have they
eyes and sve not? have they understanding and learn
not. It is high time for Martin Van Buren to lay
aside his cologne bottle ? to pull o lus white kid
gloves ? and to write himself down, not what Dog
berry did, but simply ih<' President calling Congress
Pawsthokiwg.? About twelvaor fifteen years ago
a Preventive Police was established in London, for
the parpose of protecting the c.ty, night and day,
from the depredanotH of thieves, burglars, incendia
ries, rioters, and all that sort of vagabonds, without
character or industry, who frequent large titiea.?
Since the establishment of that b?dy in London, it is
a remarkable fact that theft, burglary, and fires have
very rapidly decrial, wh:le the population has ;n
< -re* sod.
About the same period that tl. ? preventive police
of London was established, a lar^e emigration of
pawnbrokers took place to this city. It would appear
that the preventive police of London, by being always
on duty, watching rogues, threw a very serious im
pediment in the business of pawnbrokers. If London
became a bad atmosphere for these harpies, called
pawnbrokers, New York, in consequence of the ab
sence of any public police, (our present police seldim
wnkc up from sleep, except at private emolument,)
has be< n a perfect Kden, Golronda, an El Dorado.
These valuable pawnbrokers who emigrated from
London at the tima referred, bring up to all the
mysten ? of the trade, have gamed great charac
ter and profits, while the states' pr.son and peni
tentiary are always respectably filled with thieves,
burglars and mcend, an.-. In certain hy-straata and
aecret passages m the c nitre of tlu city the pawn
brokers have risen, pari pa?#u, to magnitude snd im
portance with their rivals in MiiMng in Wall street.
For some v*?ars past, the business has bef-n conduct
ed on a most extensive and expert plan, as the ar.md
jury in their presentment last week, vrry accurately
described. The courts of justice have beeR filhtl with
their victims, while the instigaters have got rick,
aaucy, and ride in their carriages.
Pawnbroking in thia city is c ^rried on in a systema
tic plan? it is a systsm of plunder beyond th? reach of
>?lete< tion. Since the masters of the science came
from across the water, they have mads many nn
frrorements, and several additions to the general
principles of action. Of late years, the effect of
these systems have boen seen in the increase of fires ?
increase of crime -increase of p ck pocket a ?f all dc
s< np lions. In every part of the city these dons for
the reception of stolen goods are to be found con
ducted on the regular London plan, and some of them
branches of each other.
It ia really time for the corporation or the legisla
ture to take up this subject and examine it fully. The
encouragement which the system gives to vagabonds
and rogues is of the most extraordinary nature. It
is full tune to probe the system to the bottom.
From (lie South? Commercial Kxcttement.
By the Express mail we have very exciting accounts
from New Orleans and south. The following are ex
tracts :
New Orleans, March 2S, 1937. ? The Crisis. ?
The crisis lias come ut lust. The Joseph's have stopt.
Ever since last January ominous signs of approach
ing disturbance in ths commercial world have from
time to time arrested the attention of the most care
less beholder. The 5th of March brought with it an
accumulation of evils too heuvy to be thrust uside and
many of our first houses suspended operations in con
sequence. Day after day, the Express Mail gives us
notice of the disturbed condition of the New York
Money M;irket, and of the enormous price demanded
and actually received lor the use of funds. Passing
by the share that the g?" vernment for the last eight
years lias had in producing distress in the monetary
world we come at once to the consideration of our j
own affairs. For the last ten or twelve years, a mo
nopoly of tlie cotton business has been steudily grow- |
ing up in Canal street, till it has engrossed more than |
half tl te capital provided lor the community in general i
by the wisdom of the Legislature. Nor were their
doings confined to the simple operations of commerce
with the article in praestnte, but they extended to
purchase of the great staple the seed of which was not
yet planted. In an cxtensivecotton-growing couniry
j like ours, ii is not difficult to imagine the amount re
.|u red for such transactions, economically consid
ered, whatever the amount may have been its dtvo
ti?n to this purpose was tantamount to an absolute
abstraction of so much money from the natural chan
nels of trade. In other words, what these monopo
lists advanced on the crops not yet planted , and the
amount was immense, was so much taken out of the
public pocket.
March 30th. ? By. a slip from the Courier & Enqui
rer office it would seem that Messrs. J. L. <&l S. Jo
seph have resumed payment ? but this we do not bo
lieve. Bennett ? the argus-eyed Bennett ? says no
thing in relation to it ; he must have mentioned the
circumstance had it taken place. He promises short
ly to give a brief expose of all the cotton transactions
which have taken place in the south lor the last eight j
or ten years.
It would seem from the various accounts we have
received from the north, that great dependence is pla
ced on the New Orleans merchants lor relief in thepe- j
cuniary distress and derangement of the money mar
ket existing in New York and other northern cities. ?
You have " com w to the wrong shop," gentlemen. ?
Our principal business men find it extremely difficult
to take caro of themselves, without rendering assist
ance elsewhere. No; every man ? every city ? must
fight "on his and -ts own account," and patiently wait
the issue of events. One thina is certain, the pride of
the mighty has been most signally humbled both hers
and at ihe north ? a consummation we have long and
must devoutly wished to take place. ? Picayune.
March 31. ? A rumor was rife in the city last even
ing that the Rodney (Miss.) Bank had failed, and in
in consequence, many of its notes were sold a a dis
count of HO per cent.
The Kentucky, Indiana, and Ohio boatmen will
now take nothing hut specie in return for the pro
ducts brought uown by them, and it is common to
sic them wending their way to the levee with bags of
silver dollars in each hand. ? American.
A great deal ?f dissatisfaction was expressed by the ;
holders of the Memphis (Ten.) paper on presenting '
ehesame for payment at the hank in this city, where j
the) are made payable, at finding there were no assets i
to meet the same, and consequently, they were worth .
no more pro tern, than the same quantity of rags.
Truly this is a bail state of things; but then we |
have the consolation of knowing, that if things do ;
not get a gread deal worse, they may geat a great j
deal better; that "is, if another heavy house don't '
drop in this city. ? Herald.
Klcmbntart Education.-? We have same few
ideas to give on this subject. A great change it in
progress in the principles of elementary education,
which will cause a complete revolution in tiie mental
anJ moral attributes of the next age and generation.
Not long since, a respectable looking gentleman rail
ed at our wflfice, and asked if we could furnish him
with filty er s.xty numbers of any back date of the
Herald, all of the same number. On looking over a
little rubbish, we discovered that on some rainy
morning a hundred back numbers remained on hand.
" Do you want any particular number, Sir?"
" Not at all," replied the gentleman, "almost any
number will do."
I was curious to know what he wanted of them.
" Do you want them to wrap up with?"
" Not exactly," said he, with a smile, " I dont
deal in tea or sugar. I teach youth."
"I should not think a parcel of old Heralds would
bt of much service to you."
" They are," said he, " the truth is. I want them for
a literary purpose."
I looked up in surprise ? <: so many of the same
number for a literary purpose 7"
'? Kven so ? I keep an academy, and I want fifty
or sixty of the same dates, of any back number of
the Herald, to put into the hands of my pupils, taking
the pine ? of the usual re id ing books at school."
" That's n new idea," sa;?i I, " which I never saw
or heard of when I was at school."
"It is a<9," said he, "but I find it is a very good
one. My boys ? any boys? and especially girls, will
learn five tunes as much in a week by learning to
read or spell from a newspaper, than by using the
?ehoolbooks published by the bookseller* of the pre
sent day."
"I can ea?;ly conceive,'' said I, " that such an ef
fect might be produced. The vary matter, and every
day business of a newspaper, create an exciteinen'
in all those that but half understand the subjects
treated on."
" I have observed," said the gentleman. " that the
Htrnld particularly fixes the attention of my boys
and g rls? and that the y are as anxious to get their
paper and begin a new task, as they were formerly to
?o to phy. Besides," sa.d he, "teaching to read and
spell from a newspaper, is far ches|>er than from
school books. I probably save to the parents 75 per
cent a year in school books, by the introduction of
newspapers into my school, to say nothing mf ihe re
markable improvement they make ,w their studies."
" I should suppose they would like to read the
" Like, sir! they are perfectly ravenous for it. The
first time I tried it, I w as in doubt of its success. It
was curious to observe the effect. Putting a small
new spaper into the hands of every pupil, was quite a
novelty. They hardly knew what to make of it at
first. In process of time, they bet;an te rend and un
df rstand, aud in a short time they hecanw so fascin
ated with tl?e newspaper, that they would not lay it
out of their hands, but actually studied it at the very
time they used to play, by the old plan."
Such wer^a few of the obsen atmns brought out
at this conversation. The introduction of newspapers
into schools and academies, instead of the old fash
ioned, ridiculous school books, will not only give a
n?w, but a fresh? a more elevated? a m??rc scientific,
impuU" t? the intellect of the rising generation. Such
rending mnk^s them at once a part and parcel of the
great world of which they aie n*on to form a part.?
Many of then<hool books of the present day are made
up in ignorsnes, bad taste, superstition, and folly. ?
Half the moral and intellectual diseases we see around
us ? crime, fanaticism, imposture, <|iiaikery ? arise
from the old, ridiculous systems of education, by
which the naturally bo iyant m.nd is led astray, and I
checked in iu impulses to truth, science, and na ure.
Periodical literature is the living soul of our age ? the
thinking mind of oar nation. By having put into their
hands, newspapers conducted with intellectual eleva
tion and good taste, yoang pupils become at once a
part of their age, and feel an interest in every thing
going ouward arouud them.
Rathbvn's Tbial? Commescial Morals.? The
trial of Rathhun, of Buffalo, now going on at Bata
via, makes some singular developements of ihe pre
sent unprwved state of commercial morals, so exten
sively introduced of late by the great speculators of
the day. The following is an extract from tike Albany
Argus :
The main defence the prisoner's counsel have thus
far endeavon d to set up, is, that Lyman Rathhun hud
the entire charge of all matters pertaining to the
financial department, and not Benjamin, and conse
quently that U. R. could not jiave executed the forge
ries, and that he was not part iv ularly acquainted with
\Y\c details of the finances. And indeed, all, or nearly
all of the witnesses sworn, have testified their belief
that B. R. did not attend to the details of any parti
cular department m his business, but that he had a
generil supervision over the whole.
Until yesterday afternoon, many were disposed to
believe that he might be acquitted, or that at all events
the jury might not agree ; but at that time every thing
at once assumed a dark appearance for the prisoner.
The district attorney, Mr. Chandler, produced a pack
age of letters (between 20 and 40,) written by Benja
min Ralhbuit to Kathhun Allen and Lyman Rathhun,
at different periods, between the 15th March and 29th
July, 1336, hi all of which it appears, that he, B. R.,
was not only acquainted with the fact that notes
were forged in the concern? but that he, B. R., ac
tually filled them up, (i. e. the body of the notes,)
time after time, and despatched them either to Allen
or Janes, in New York, for negotiation ; and also
that he, B. R., directed his brother Lyman to make
As an instance, take the following, which occurs in
a letter written by B. It. in New York, to his brother
Lyman in Buflalo ? "I 'spose you get my idea,
that if you get one note you can get more same date"
? (i.e. make them.) ? Again he says: "Have you
used the notes got of Palmer, and if you have, cannot
others be got like them.'" In another communica
tion to Lyman, he says, "You can possibly get some
real endorsers." "Look over Harrow's letter before
you give it to linn, get him to sign 2 or 3 notes, mid if
you get 2 , you c<ui get more." In another, "Win.
Williams is going out there (Ohio) to spend the win
ter; you must therefore be cautious of your paper."
This laM was written 20th December, 1835. All the
letters read, contain more or less of similar sentences.
After the reading of these had been finished, the
District Attorney introduced a package of memoran
dums of forged notes, sent at different times by B.
Rathhun to lus agents in New York, and some of
which were used by Kathhun himself while in that
city. The memorandums number from A to O, and
according to my addition the forgeries therein stated
amount to about 8446,000? the forgeries on Mr.
Evans's name alone exceed $230,000.
That you may have some idea of these memoran
dums: ?
" L H. ? Have you i>r Lynuin K. H. tot any of tlmur #.">oo?, m
dor***! like iho'e *e*t T.u*lCu. 1 Kmc mine wii Ii H. Morn*' num.*
in Uil mat ana wet t lunMil; om wMwat ho, am N D. (N.
Duiruwl in it* p are. I would nend ' ? <? 01 three ?et? til litil th in -
K?V0 Mtany tune to tret litem ready livlore mail cluav*? a *reut
iii.il>) ?iher thing* t" do ye', ofo herbuaineM."
"Hoot H. Jane*, 13 1 1 1 June
3 wot vh S'xHHicaeh. (a welt) 4 n.i>?. from Iftth June,
3 h>j <i $ "
.'I 5000 4 V0
3 MlOO 6 "
with the eleven aniloraers, D. (X. Marrow) inalevt ofll. M.
<H. Morn*.) The cthera nil the Name | ayuhl* at Manhattan
Bank.N. Y."
n?tv? ut S50<>0, end. I?y I>. K. E.; one at 4 in ih. one at 6 in .n Iim,
payable at Mvr<.haiit'* Bunk, N. Y.
" Kl'd up and loft with II. Jane* while I wan in New York, 37th
Julie, IS3#:
j unto* tvioo each (a ?ett) II end. 4 in m. from '-ftd June,
3 5iHM It 6
3 5000 114 83
3 SSSS 1 1 b
3 5000 i 1 4 V4
3 500a It 6 "
3 5000 114 SS
3 51AM II 6 "
The above aru on one sheet, and amount t? the
moderate sum of 911)0.000.
Sixgclab Abbest axd Contixemkht.? Several
weeks ago a gentleman, the son of l(!r. Henrique*,
who kept a dry goods More in Broadway, was arrtttl
ed on a criminal prosecution as he was stepping on
board a vessel going to the West Indies. In conse
quence of a fire, his father and hia hrothci failed in
business and soldoH' their stock of goods. The son nr
' reeled, had no business connection with the house, but
a quantity of clothing in trunks were seized, and under
j the supposition that it belonged to the firm, he wasac
! ctisrd of a felony. His clothes were called cases of
; goods. Since then he has been confined in jail on this
I charge, and his wife and children thrown on the wide
, world, helpless and alone. In consequence of the de
j tention of III* trunks of clothing, his family are de
prived of a change of linen.
We could tell 11 long story of this gentleman, but
his tnal under this charge comes on to-day.
Fancv Box Store. ? George Pou seller (we spell,
never pronounce German names) has opened a b?au
! ticul fancy store at 121 Kultou street, three doors
1 from Nassau. He manufactures paper boxes of a! I
( kinds, so well adapted for holding laces, linen, ker
j chiefs, and silk goods. Ho is n regular importer of
genuine Cologne water, an article which can hardly
! be g#t elsewhere ill Now York. He has ulsu receiv
ed several premium* from the American Institute.
We request all pretty ladies? none else ? to go and
take a look at hi* patterns for beautiful embroideries.
See his advertisement in another column.
Mode F.xtobtiow or Monopolies.? In another
column w.ll be found a report of a trial respecting the
Mauhaitan Gas Company. It appears that to add
j iniquity to this outrageous monopoly, the agents had
j the audacity to nf< r a hribt/or tke tupprtation of th?
1 report. How long will the country l?ear such mso
! lence I
Street Pegging. ? This nuisance is becoming in
tollerable; and. as usual, a number of impostors who
speculate on the sympathy of the humane arc the
prime gainers.
There is a robust Irishman who has ccmmrnccd this
business within the present week. He accosts the
passenger ? tells a dreadful story of his havinit a sick
family ? that he has lortHnatelv been engaged to work
' over in Jersey ? but has not the means of paying his
j passage. The kind hearted should be put on tlieir
guard against this vagabond. He has levied pretty
considerably on the public purse during the last two
Cobonbr's Ixqcf.sts. ? Three inquests were held
j yesterday. One, at No. 93 Orange street, on the body
of Kdward Huis. who after eating a hearty dinner, lav
down and went to sleep, apparently in perfect health.
| Some of the inmates of the house, wishing to rouse
i him, discovered he was dead.
The deceased came two days since from Philadel
| phia. was an Irishman by birth, and about thirty-five
years of age.
Verdict ? death from some cause unknown.
The second inquest was held at No. 34 Centre
Street, on the b??dy of Sarah Mason, a color hI woman,
aged 51 years, who suddenly fell down in a fit, and
immediately expir<d.
Verdict ? death from a fit.
A third inquest was held at tlie city hospital on the
body of John McDallnut, wb<j%i>n Sunday last w as
run over by a carriage and had his leg severely frac
tured, ami who died yesterday morning in conse
quence of the injuries he then received.
The deceased was seemingly about 40 years of
sge, and had the appearance of beiny a laboring man.
Fiaa in Nn?*M, N. J.? A Are attended with
dreadful consequence* took place in Newark yester
day morning between 1 and 2 o'clock, A. M. at a
two story frame building situated No. 16 Fair street.
Three young men, who slept in the 2nd story, w?re
unhappily burnt to death. Their names were Michael
Beiah, Charles Kellet and Thomas Jennings. We
have not ascertained the origin of the calamity.
Covrt or Common Plbas? Thursday, April 6th. ?
Before Judge Irving.
There were eleven casus set down for trial, but none
of them being ready ? the court adjourned until 11 o'
clock to day.
Coi'et ok Sessions ? Thursday, April 6th. ? Before
the Recorder, Alderman Wheeler and Taylo".
A jury having been sworn, the following prisoners
wwre put upon their trial, viz* :
Alex'r. Hartel, charged with petty larceny ? steal
ing three hogs the prwperty of Joseph Hill, from No.
88 Rivington street, on the 1st March last,
ii , <'e.^nce 8Ct up was that these hogs, like Leigh
Hunt's pig, had an unconquerable habit of " running
up all manner of streets," and that in the course oJ
their peregrinations they paid a visit to the defendant's
hog pen, who is himself n great admirer of that ani
mal, and were immediately locked up in the defend
ant's stable.
The defendant when requested to go to the police
refused to do so, and had a scuffle with the officer.
Witnesses were examined as to the character and
respectabilit y of the defendant.
The jury found the prisoner not guilty.
Thomas Clark, and Patrick Clark, charged with an
assault and battery, with intent to kill, on Levi Spring
steen, No. 146 Amos street, on the '.iOih day of Feb
ruary last.
The prosecutor was stabbed in the breast by Thom
as Clark, with a bayonet attached to a pistol; and
Patrick ('lark threatened to shoot him.
John K. Fisher, examined. At about 8 or 9 o'clock
at night I came along past Clark's premises in Chris
topher street, which had been burnt down? a negro
took away a niece of timber, which Thomas Clark ac
cused him of having stolen, and sai'l, drawing a bowis
knife, " If you come here again, I'll give you this V I
interfered and took hold of Clark. On the Monday
after, 1 met Clark, I took hold of him and said " what
hnve you been saying about me?" Upon this, Claik
said " If you do not be off, I'll shoot you!" I picked
up a brickbat and went close up to him. Clark fired
the pistol, and afterwards cut mc with the bayonet.
Several witnesses were examined lor the defence,
one of whom, Mr. Fowler, proved that Thomas Clark
had been first assaulted by Fisher, who threatened
to " dash Clark's brains out." Clark kept retreating
until Fisher seized him, when Clark fired otl'his pis
tol. Mr. Springsteen then interfered and got hiuiecif
The nflray took place in Christopher strtet, and
originated in a squabble that occurred between a per
son of the name of John E. Fisher and the defendant,
Thomas Clark. After the pistol was fired, the de
fendant ran into his father's house. How the prose
cutor get mixed up in this business, was not very ap
parent; but it seems probable that Springsteen was
an aider and abettor of Fisher in his attempted assault
upon Clark.
Patrick Clark, the father of ThomasClark, appears
to have been included in the indictment for no othwr
purpose than to deprive his son of the use -of his tes
timony. There was not ? particle of evidence to incul
pate hirn in the affair, unless the threatening to shoot
Fisher, while he was breaking open Clark's door, can
be so considered.
The jury, after fifteen minutes deliberation, acquit
ted Patrick Clark, and found Thomas Clark guilty of
assault only, acquitting him of the other charge.
The court then adjourned.
Eighth Ward Court ? Thursday, April 6. ? The
Manhattan Gas Co. rersvs Alexander Gray.
This was a suit brought by the Gas Co. to recover
the sum of 826, alleged to be due the Company by the
defendant for gas.
The defence was, that the company had over
charged the defendant, and that, owing to the imper
fection of the gasometers used by the compan y, there
was no certainty as to the quantity of gas consumed.
In the course of the trial, a Mr. Voung was examin
ed, whasaul "a gaod deal of roguery may be prac
tised by these gasometers." The witness, at first,
refused to explain his words, but at length, being
pressed to do so by Justice Wiley, andertook to show
that by tilting the gasometer one way, the company
would be cheated j and that by tilting it the other
wav, the consumer would be defrauded.
This is occasioned by the construction of the in
strument, which contains a cylinder, .and which cylin
der revolves, faster or slower, according to the inc ina
cion of the gasometer either way. The consequence
is, that unless the gasometer is kept perfectly level,
somebody must be cheated ; and as the Company's
men have the sole management of the fitting up
of these instruments, it does not require a Solomon
to divine who that somebody is.
Justice Wiley postponed delivering his final decision
until next week.
Police. ? Shoplifting.? A woman named Cathe
rine Gainer was committed to bridewell for stealing
from the store of Messrs. B. & F. Lane, No. 16 Mai
den Lane, n piece of cnlico, valued at $18.
Catherine may be a Gainer nominally, but in reali
ty she will experience a loss by the transaction. ?
Picking oakum is not the easiest occupation in the
world, nor is Blackwell's Island the pleasnntest so
journ tor a residence, tu which she will in a few days
pa v a visit oftome months duration.
l*iUa 11 nd Poiion*. ? Paris M. Davis, who has been
sometime before the pul>hc, and before the Recorder,
is likely to get into trouble. lie appeared at the po
lice office yesterday to enter a complaint against a
Mr. John Crosl?*y. If we understand the matter, the
particular* of wli ch we nhall give tomorrow, the doc
tor had better have swallowed a box of his own pills.
.Nous vmons.
Ladikh Companion. ? The .April number of this
periodical contains more oxcellent and interesting
articles than we have ever remember to hav? found
embodied in any ?ingl? work of the class to which it
b< Ungs. We strongly command it to our ftmalr
readers aa highly deserving that encouragement which
has ever proreil the strongest incentive to talent and
perseverance whereve- it lias been bestowed. It in
far better for young people to patronize a moral w.-rk,
such as the Ladies ( otnponion, than to squander their
money and time away upon novels and romance,
which ultimately tend t* no benegcial results. Every
thinu is combined in the Ladies Companion, published
by Mr. Snowden, 110 William street, that a young
lady or gentleman could desire. See advertisement in
tlnr.l page.
On Wfdr d*p, 5th in?t, by the lie* Dr Hawkea. K
Hoot, to Mm* Clixi.lirtli, ilaufht r of .Stephen B. Miuin, . n II of
Ihn oil v.
On Wt ?||? ? ?t.iy, ?th i!?t . by the Rev Or Skinrior. RnHort L
('????. of the hrm nfCinmng ACatp.tn Mary Anne, danrhtcr of J.
R fie mm, K*'i , alloflhi* oily.
On Wrtliinio, tih iiMt .hytlieRcv. Mr Rsohelin, T T. Mr
rise, ol NwiIjutmimI, t* ?*arah Can. I, no daughter of O sianabury,
tuq , nflhn rily.
On W??ili c?iiny, *>lh in?t., in Jeraey ("iijr, by |!e Rev Mat 'burn
l.uak. Abraham II Vnn H-mtv-ord. toCutharinu L diiutliten fth*
laie J. V. B. Variek, both ?f Jeraey Cily.
On Weilarailiiy, 5th mat . Mm Hitaan llnl-Utl. d.-in?htcr of |U
lair lief ItaMe1, of the pi y, .i|nl M y?ar?
Tlielrienda iiihI a?<iu? nlanr a of tlw fimiilr are ro<|uea'ed to a'
lend the funeral thl< nft miN-n at 4 o'clock. fretn lier late re?e
donee. 3t White ?t . corner nf Church.
On Wiilm ?l i' , Mlim?t , of c?m?umptMn, Samuel ThnrnW.in
the 1Mb year ??!' hia afe,
On #'eilivii(lii)f, Mh mat.. Zemah. daughter of Peter and Catlia
rine VT alb-re, a*'<l ii)e.vr?and rc mouth*
Oa Tiiiwlaf, Ith Iml . Jnhu Wnl-h, >ini Utrnn
I In Tueaday, tth mat . I'Ulie, wife nf Tlmniu C. !*?? Med
years. .
On Twalay. ttli m<t.. Oliver. inf tat sen Capt. Oliver renny,
4f0>l ? month*.
Uic r?i??rl? tlte <l- a> t h ?f ITS |? er??>? during <he we< k ? 'inline on Sa
turday. 'lie lat a?f April, ?i* SS men, Si women; U boy?, ami <|
???.? Total ITS. ? .
??f ?b?m iliawewete.aaftbe.wre. fi y?M?r anil NMlor. 5*. hf'w.en
tlw a?.a of I ami S yeara, St; ? *? '1. ' ''' 1 . J , *lm' w;
?rt an.1 M, it; so nod ??,j:e ?? 5? and ?<i, ||; toamt ft,
' <p|iTnmnn?a ??? I- ?
i?r.,r-v ? mi ??.o f; Orownrd I; l)i?*n
?. rv t r.'ml rrmiapnt I ?? rp r?l I )o m iri i? ,| .
1?. rmrlnw t. ?i:.f O nf f |??> \ mm 4 ; do ' >Wrfe|
?fo. rhfn? 10; d't. liver f; wnij ?, <|o k ??J n#i?, |j ( f?? h- Mft ??
lnfpii?|wT???ri> I. I v t.rr.n X1 ? - ??? t Mi ,-| m i |f(>f ,f,
V itH?n l|OM life I; PA ?r |; Ituptur# |: HrnnlJ rw?i 4 *|V%?fhmr I
rl.^1; Mmh?; Worm# |; |>??rrw^fl or | ron^
H'Ht fMi of ??r n it i , |
(If the ?j??r^.re werrfromtjK. Aim, Ho?i,e, 3 fnw R?|Vv ne
Mixipital 31 1 f nan City llo?|iii al, 3; Hlackwell'* Nland. I; Small
Pox Omental I.- City I'rw n.l- Colored (wmiaa, IS
pr#r?? if ynrirtiy? united 8tnt<>?, 117; Ireln d, 'is. Knarlsml,
1 1 . Sroilmi.l, -J; frame, I; (icrmany. 10; Hweden, I, Spain. I; t'n
kiiorarn. 9.
J HK KKLfi, Citjr!ns?ect >r.
City ln>[ e' t'H ? Office, A] HI I, lt?f.
Friday, April f .
Yesterday ?u the naest exciteabie day w? have seeu 'in Wall
stieet since the ixwaent |>remure began. It would seem as if all
commercial con I ence h. gooe entirely. Hornet hing lite a panic
also affected the stock market. t'nited Htates Bank fell to 1 14
and IU4- State Bank went <l*wn to par, uud many other s?lid
bank at cks were more or lean affected. Among the fancy stsck*
the route was inelaacholy In this description, the prices ?f some
are new lower than they wote in October laat, and many never
stood so l.?w before.
The general aspect of the money market affects stovks in two
'l UeJlrat is thia? the pressure on the n-erchants is so treat, tbat
aolvent houses limit sell out th-ir stocks, bought fotuierly at higher
prices, in order to raise money. Probably (we thirda of the traos
actiona are of this description. Another i. fhia? cnpitahala are
selling out fancy stocks, f>r f ar that some of i he eoinpant-s should
blow up. The money thus realised ie deiioiited in tl e l>anks for
sale keeping, for the confidence in conuueicial paper i* u lineal an*
n hilated. At tlui moment tlie privuledei>oeite*? to say nothii gef
the sore nimnt depositee in ihe various banks-are probab'y
higher than tliey ever were since banking U gan in tlis state. By
tlie report of the Commissioner*, made to the Legislature eri the
lit of Juuuury lust, the New York city lunks stood thus :
Rank note* in cumulation, ? - in. 155 a 3
Deposit.** of tlie United .States, ? . 7,176 03 1
Individual depo.?ites of cupitaluts, ? It, 1*0,310
dptcie, ..... j ,364 4W
Since this ? tat em.' lit was mnde, several movements liuve taken
place in the money market, which have changed the relative pio
liortiuu of the-e i'.eius to each other. The bank note* in circula
tion, and the specie, have prohubly L> t li di.-i iniihod; while tlie
public and private deposit.* huve increased. Accoidii k to the
heat estimates, the following may Le written down ua near tlie
truth tot 1st of April, 1S37 :
City bank notes in ciiculation, ? ? $7 . 50a, 000
Government dcpisites, - M>e
Indivniunl depofitts, ? ? - i-.'.iee.ooit
*|N)cie, ? ? - ? ? ? * ti, 80s, 000
Ky th>a statement it will ap|?ar that the capitalists, who make
these deiMMites, have withdrawn an ad.nti ma! sum from tlie nego
liation ofconimt rcml paper, and from the sales of' storks, meiely
to tiepasite in the banks fo safe keeping. The increase of the go
vernment deposits* also arises from a drain made on cotumer iuI
The punic <tud general disruption of confidence, cause, in a groat
measure, this accumulation of <lei>oMtes?l>ut the fact places the
credit of the wf-.o.e banking system in thj 1 and. of the capitalists,
w Ikj there muke the depositee Even this sma.l amount of specie
is quite sufficient ;o l>e tlie I as is of the cire.ula'ion in erdinary times,
for the groat amount ot hank note* 111 trun?ition from hand to hand,
is required to do the daily and legitimate busines* of life, liut if
the capitalists, who own the depositee, weieto take an all. r in in
relation to the banks, thry c ,u'd in three hoars cuu?e a g norul
s spensioB i-f specie payments throughout tliec.ly.
It is fortunate, however, that the capitalists or depositors have
their own interests blended with the general interests of the com
iii.nity. '1 hey would net oare to u*k lor their deposit's, for tear
of tlie consequences that imzlit folio v. f- elf-interest, and every
fin ling of pruiluucc, will preserve the tanks from any run by tbo
i'e;>o*Hors. ^
The treat interests among wiiich the panic rages uncontrolled nt
this moment, ure the dry gooJs a?d the real estate dealer. Tlie
liersonal securities, inlioth these branches, are utterly unnegotiable
in Wall stieet. Yet it is a remarkable fact, that out of the wl ale
fifty failure* which have l>een enunieiateil, i>erhapi> orly can iluiw
a large surplus of ussets a* compared with liabilities. We could
mention special farts? but the general statement is wellkt own to
be strictly correct. have ussets in ubundance, consiati. g of
noUs and bills o' exchange, but the, are not negotiable.
There is, Isiwever, a great difference between the assets of t'ie
Real Estate dealer* and those entirely rontintd to Dry Goo In.
The ai sets of the former ars 1 as< d on the high > peeolative pricts,
which t'ie recent mama warmed into existence? the latter'- re pre
dicated on merchandise sold at fait und hgiiimatep ices. For al
though the excess ol inuwrti for tho lust six years, from 1830 tu HJ7
amounts to SI60 nos.two, yet this very prodigious induced foreign
values kei t down the prices, aa>i prevented speculut os in tlMt par
ticular attribute.
Yet tlie general gloom is net without some rays of relief. Tlie
immense ari.ount of pr.vate dejx.s ies in the banks indirutns, with
mat M-inalica I accuracy, that the general confidence and general
hea'th were never higher in a mixed commercial romaiun>ty. Tliua
far, only two or three branches of trade have been affected? Dry
Goods. Reul F.state, Exchanges and Stocks. In every other bra els
there is a decline of activity, but no disruption ot cor.fi Jence. Tim
failures and di-a.lers are pruduretf in those very walks of business
that degenerated from the good old systems of short crediU? s.sg
iui|Kirts? and opwu ions within tin- limits ?(' iji: ital.
The tiist |iertur bat lout bat has caused t'-.e present reaction, may
lierhap* l>e found in the extraoidmary inc ease ?f im|<oris which
took idacv a Iter the tire of December. I?35? known r.ow to be iiaty
ont inilUott* bcyoud the exp?rl< Tliese value* fkund their way
from the Ailtnlic port* to the south and west, at long credits . mi
gwndpnees. Cou-mporuneous with tkis movement, the sp< cula
tious in the public lamls - ia new towns? and in city lots began.
The retniilding of the Burnt District also te?tk place. Ha t of tt)e
proceeds oftbe excess of imports, aistead of being remitted to tlie
Atlantic, to form the basis ol repayments to Knglunf ami Fmnre,
wire ineeet?d in publie lands aii* town Urfi? [tartly by the Atlantic,
and partly the southern and western housi s. By thisoperation the
money which ought to have paid i,ur foreign debts f und its way
into the Public Treasury , end there it liaareaiiiini d. running to and
fro orer the country, or standing stork still, under tlie operation of
t be la ws of Cengrrsa or I he hi w s el the stales . The result of . heso
movements .a that our foreign creditors must extend the day of
pajment, or lose the balance due tbim. caused by tho excess ?f
imports. In the meantime, tl at branch 'd'the fore gn trat'e and tin
public land* business will be comideleljr paralyzed. Th s shork
will diminish imiKirts? and hence dimmish dufit s a' d thr sales of
public lands -and thus by u singular self destructive pnxvss, 011
the principle of killing the goe*e that laid tbe glden egg. the sur
plus revtiue, br its operation on the laws of commerce will in
one yvei tleafroy the very sourceof its own supply, from the i?*n
mi commercial revulsi-n now going on. 'he i<ol?lic revenue fut
1837 will mo*' likely be diminished two thirds
The governor of Hennsylvaniu h is vetoed the Improvement Itdl,
? X|>undmi three millions in rana!* in tliat stale, on the ground that
s|Hrulat|OY rsus-di's imssuge, and tbat it would uitolv." a further
exia-nJnureoftwenty-fotir millions, thu* increasing tlie s'.ite (bdit
fo fmty-five militeus. The gmernor Ins shown g eat uoraicoH*
II uaa itaUtlin an evening pap rtlml lwooftL? latitat i uct.cn
houae* had amended further aaloJ of packafa food*. ia co to
?|it< im <? of the panic. f-ev. rul more fa i utta were t.toii'|>iKlid \ ?&
lerduy. and a food Mir, mi nbvwiif a larpl'it, had eatenaisaa
?nude lo iIm'iii. TheCaah.et of the I'nit.d Hiatc* R;.nk hi I bo in
town tod ijr, with a fre>hauppl) - of bwuli. Thil <lu> an i toim rruw
(luminal wan a* dull yesterday uui Widnmlir. No private
i-jIm were made. At auction n little more wai dune, and hut a
liitle. W* hive to notiae 01 e ia!e of Dry <??? da, amounting to
aliout ?S0 parkin ' ? ?l Foreign ami Domett >, hjr Minim Auatin.
Wil-i.erJin* ? Co. II *11 well attend. <i .tndllie u,mk1? went off
al h-Her price* thaa the laat twoor three previoui Dale* Halra of
Other grant* by iiuctnni ire ,vt follow*- Mw?iri L. M Moffiuaii *
Co. >old alwul I Fie bag* damned When I, at SO, to caah. a*
bnl?a prim* Ha vaM Tobacco, at ?l, II) to 53. W) druina Fi/i, at
S|; 63 hiii? Hki Collee.at 9 a 81; llraaki Rice dimieged.at i.
Rice No ?ale* ofiiaportaiicc? it rein?m? at our la?t 1'iotn'ioua
-IMil ?-?.
Hiiirnr runt nue* dull, a *ligh? decline hai taken place of i to 1
per ihmumI on bo\ angari We ijuote Porto R ico at 3 a #4. br.jwu
Havana. al 74 a *a*i
Freight*? on eoHan lo Li*erf??I a e l?n?k at Ma I on nr.ral
?lure* - 1 iot inurbgoinc forward. We <j'io?e ut tildt3i for Havre,
very little wH-ntig.
drain SWJ l?a*? rye, and 377 tt W.*? wheat wore impottrd r ea
ter day.
Ffour remain* eitremely brsvy, and i* <i*c imng We qui e
Weatero at It a l? '?*: ?*outhern al t * f 50. >rw York l? le a
Rrr-ipn qt PtnJuce? Receded down the North River. Aprt' ?,
9*1 M?l? Hour. '?? b'l* a*he* 536 W.l? |^ovi. .,?? Ml keg* butter.
If Inalra hot1*, *1 ra*k? ebreae, 7I? Mil* potk. 17 hv?a laj-.l
Price* nt- 'lock* al the New York Fvchanga. Apri!?.
It, l?. Iiai>k, IIS. HI. HI SnvtlNm Tim l'i *7
Rank of N > I ?? i*nt? n In*. ( ? to
Hank of America. Ill l\e|itime Im. ?_'o. m
i,. l At Hud. **, #?|, ?4. ?. *4 Howard In* t'o r.
|)rr Hock Rmk. I ?3, 1*7*. T. Mohawk R K..M, S
Lal'a>ette Hank. IM) Har. R H "it. $7
,Mofi? t'anal l.k. 73 Ro* A Pmv R R OJJ, ||
Rk Mta'e of N. Y , 100 Manhattan <ia? Co Ito, 107
Farmer* Truat Co., Mi, Si S I'tiea R R , Hit, II, IV|
Aia I niat Co., ^ Cantwn Co.. t?. 4
? Ihnoia Rank. SI, M Lmt la'and R. R., n
Pneea of .^torka at Phi'aiteli^ta. April *
r. H. Rank. Il7t. 17 V?*lon, Rank.
Farm A Mr. h Rk ?} Kentrek) Ha.k.W
M* hamc- Kink 53 Vi.-k.ti irr Rank. 60. it
iitrnrrf rank. S8, M| Del A Had 714
USY Roma larfelr in a vance for afteril aonihem h' u.ea, i.id
having a I mi accepted a la' e amount ?f tin if 1 ?| ?>r under f lie
i ron ia? ?f remittance*, nod ?uek ptonnae* no' liivinf Im-e reaha
eil we deem it o'ir rfn'rto leava our aootliain friend* Intake cam
of tlieir own fni**'- which will nee? a*aril jr la proteailed, unleea
fundi ahuii d in the mean lime artive. Our own |<av*r. h .w ever,
wiM. aa heretofore, be innmptty pa d al matinitr
al N H M AN PR KM -1 A- CO M U all .1
A ( l.osr Hll?.
CT>~ Tha F.leeUoA li# I 'barter t iffi^er* in the towmhip of V'< in
ker*. held April ?lh. rv*ulle?l in theeleetn^i of Ihe Ncv A H Cma
hv.nuniator of tl>at nlaee, for Con* aUe hv a ma;#iity al S. o?ar
Mr K?l ward t'n *?eld, the p*e enl inemnlient
?7 it* An Rl'ctnr n tht Totnuhtp.
tivafy rlowt on Huturdtjr, thf I"?ih mat. A Concrrt
will inkr place flatly, nt S, nnd 7| ?'clock, P. M., in
which Mr. Kendall, ami the entire Hoatsn Hraaa Hand
will perforin. For full pnrltculara of attraction, se?
idwtistintnl in another column. n4 iftlr?
\ 'l M? lln ? . ? 1 I w.r,tera look at ?' J
advertitement. jll

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