The New York Herald Newspaper, November 8, 1847, Page 2

NEW YORK HERALD. New York, Monday, November 8, 1847. News from Europe, The American steamship Washington, trom Southampton, has been at sea nearly fifteen days, and is nearly due. She will bring five drys later intelligence, which will be issued in an extra Herald, immediately after it comes to hand. Set) <Mpeik 6) tite ‘The Orists in Wngiand. While every steamship that arrives at our shores, brings us intelligence of additioal fail- ures and commercial distress in England, we 10 vain look for the cause in any of the English journals. The press of London takes ® sectional and narrow view of it. The Liverpool journals —the journals in the manufacturing distriots take a sectional view of nd on comparing the various views thus given, a the baiponbron pressed on the cause of the commerci ees n oe shattering the bankrupt houses, we fiad no two of them to agree, and the whole a homogenous mass of opinions and surmises, each adapted to the particular locality from which it emanated, but not applicable to the country as 2 whole, nor to commere as a whole. The truth the cause, though in one respect proximate, can be traced back and shown to have existed a number of years since, and shown, too, to have developed itself on various oecasions since its origin, in precisely the same way in which itis now manifested. The provimate cause hasbeen the waste and extravagance in living, owing to a corrupt and vicious social system. This is the proximate oause, and grows out of the defective social syst»m, and to a certain extent out of the remote cause, whieh is the scarcity of specie, produced in various ways—by luxury in the manufacture of jewelry and other articles of or- nament, and by the growing eommerce of the whole world, and its non-produce from the mines of America. We need not inform our readers, that previ- ous to the disocvery of America, the amount of the preeious metals was, compared to the amount at present in circulation, extremely small; and that in consequence of the scarcity, it was much more valuable than it is now. When America was discovered, its mines—those ot Mexico, e@- pecially—were worked to a great extent. The produce of the mines of that countrv alone, since the conquest, amounts, at an estimate made by a person well qualified to form one, to $443,000,- 000 Since the year 1810, in consequence of the revolutionary condition of that country, the mines have produced little or nothing. With this great influx of specie, from the bowels of the earth to the hands of man, prices of commodities of eve- ry kindiner d in price exactly in proportion to the inerease of specie. The one regulated the other. Thus, at one time a commodity worth, say a dollar in specie, would again be worth two dollars. Again, about a hundred or a hundred and fifty years after the discovery of America, the paper system of currency was invented and increased in a similar ratio, until between it and the increase of specie, the price of commodities of all kinds reached a price unheard of previous- ly. The price of commodities and the amount of circulation having thus modified themselves to suit each other, it took, in some instances, ten times—forty times, as much money to pay for a commodity as it did before. The price increas- ed in proportion to the influx of money, both specie and paper. With this currency of this double kind, trade was conducted and carried on, banks were established with power to issue notes to acertain amount, in proportion to the amount of specie in its vaults. But within the last twenty or twenty-five years, the amount ot speeie mined in Mexico has beem extremely small, and in many years nothing, while paper money has gone on in the same proportion as it formerly did, until the amount of paper money exceeds by millions, and we might say billions, the amount of specie. In addition to this want of supply from the natural source, mil- lions are annually abstracted from the chan- nels of trade for the jeweller’s crucible. The proportion that formerly jexisted, no longer exists. The withdrawal of the one by the means last mentioned, and the increase of paper money has been so great, that the whole commerce of the world is based upon paper mo- ney, leaving the exchanges between each coun- try to be settled and regulated by specie. If from extravagance on the part of its inhabitants, speculations on the part of its merchants, or from any other cause, ® country imports more than she can pay for by her exports, the balance must be paid by her im specie. That balance goes from her in the ordinary course of trade— the country to which it goes is so much the rieher, and the country which pays it is so much the poorer. The vacuum caused by this export is immediately felt—the equality—the relative pro- portion, between the specie and the paper, is de- stroyed,andt e shock comes. Such is the crisis in England at present. The balance of trade has been against her—she has been obliged to pay the dif- ference in specie—the equilibrium is deranged, the waters are troubled, and before they subside, many failures must take place. The same causes are likely at any time to operate in this,for any other country. In 1896 and ’87, the balance of trade was against us; we had to pay the diffe- renee. Our specie was exported, and a bankrupt roll of four hundred millions of dollars was the penalty we suffered. The waters, however, eslmed—the equilibrium was restored, and we went on smoothly again. We are now verging on a similar track, with the balance of trade in our favor. We are still none the richer for the stream of specie, while our imports are large, our exports are diminishing. What we re- eeive goes to Mexico; what we have, will go to pay for our imports; for, toa certain extent, our exports have failed, and it is not improba- ble that before the middle of next summer, 4 erisis will be on us. In conclusion, these are the causes, in our opinion, which have producedthe erisis in England; and after the wreck is cleared away, and clear sailing again is obtained, the game causes will be at work here, and produce the same result, unless, in the mean time, the commercial aspect of the country assumes a dif- ferent shape. Aswe have before remarked, the inju result- ing from this revulsion, although t hey may shake to the centre the whole commercial credit of England, will not derange the solvency of the Bank of England. Under no contingency can that institution, as now regulated, be forced to suspend, as long as the government stands. There is another interesting aspect of the case. London has been for years the great commercial centre of the world. If we should get control of the mines of Mexico, and work them with spirit —if we should get a right of way across the isthmus of Tehuantepec, and, by railroad or ea- nal, connect the Atlantic and Paeific, and thus seeure the great trade of India, would New York not take the place which is now filled by Lon- don in the commercial world? Might not the United States become the commercial governor of the whole world, with New York as its cen- tre? These are questions, however, which may be deemed premature ; but it must be recollected , that we accomplish as much inten years as other eountries do ina century. Mrontean Evxction.—The democratic major- ty in the city of Detroit was about two hundred and fifty. Every ward in the city gave a demo- eratie majority. Hamtramek has given a democratic majority } one hundred and ten. Proaases ov Tit Cuotuns.—The world, from time immemorial, has been at various interv als visited, among other great and terrible calainities with dire plagues and pestilences, sweeping like a flood over the broad surface of human society, and carrying off thousands and tens of thousands to premature graves. These singular pestilences have sometimes appeared confined to particalar spots—sometimes they have been almost univer- gal in the range of their destruction. Medieal history records several of these terrific visita- tions. The first we read of is the plague of Athens, which Hippocrates has described with such ap- palling fidelity. Then we have in the middle ages, the sweating sickness, which swept alfover Europe, and desolated extensive districts and citi Next came the small pox, which, until late years, was a regular and general plague, rrying off, we may say, millions of youth and intants. Then, lastly, appeared the A atie cholera, a new form of disease, spread- ing terror and dismay by the suddenness of its attaek, and the rapidity of its fatal crisis. It may not be agreeable, but it certainly is both necessary and useful to make ourselves acquaint- ed with these things, and to call the attention of the public to them at the proper time. As our readers will have perceived by the many and va- rious aceounts from Europe, recently published in our columns, the cholera, that hateful and dreaded visiter who spread such dismay in our cities a few years back, and robbed so many market-gardeners of all the profits usually de- rived from cucumbers, squashes, and melonr, has again made its appearance, dawning again with its lurid avd dismal darkness, over the same regione where it first began ite desolating march in 1882. Of all cities in the world, New York, from the filthiaess of ite narrow alleys and crowded streets, had, perhaps, the most to fear from a visiter who seems to delight, like some impure animals, in places where he can roll in dirt and wallow in the mire. Without coveting the distinction of being the first to sound an alarm, or awaken the fears of the timid,we deem it our duty, as public journalists, to impress upon the minds of our municipal authorities in this, as also in every larg~ city of the Union, the sacred and imperative duty devolved upon them from their official situation,’ of preparing, by wise precautions and judicious sanitary regula- tions, against the possible calamity of such awful visitations. We are glad to be able to congratulate our citizens in this city upon the progress of improvement in the construction of sewers, and the prospect which is afforded that our city may yet become as famed for its cleanli- ness, as it is for its extent and wealth, and as it hitherto has been for its lamentable want of cleanliness. With such preparations, and with such a supply of pure streams of running water, which our magnificent aqueducts yield, we shall be better able to meet and encounter the approach—if it should approach—of this or any other fearful epedemic. But we wouldstrong- ly urge upon our Corporation and city authori- ties the wise maxim of Cesar: **Nil reputans ac- tum, dum quincquid restat agendum’’—that is, to consider nothing as done, so long as any thing remains to be done. The beginning made is an encouragement to proceed, and we hope that still further and greater energy will be applied in the prosecution of all these public works, so that our city may be prepared, in due time, against the possible recurrence of those great public calami- ties and public diseases to which such an im- mense aggregation of human beings, in so small a space, is, in the nature of things, inevitably ex- posed. Timely precaution is wisdom, and time- ly warning deserves attention and consideration. Posta ARRANGEMENTS BETWEEN THE UniTED States anp Great Britain.—Every body who is acquainted with our history, must have no- ticed with admiration the epirit and energy with which we have repeatedly defeated, in a peaceful manner, the most unjust measures of the British. When the British threatened to hang up some of our officers, Washington imme- diately placed under arrest several British offi- cers, and threatened retaliation. Again, in the war of 1812, when the British seized upon some of our men and threatened to shoot them, be- causethey were British born subjects, our govern- ment retaliated, and saved the men, by threaten- ing to execute a double number of British pri- soners. These are military instances of military retaliation; we have now to record what may be considered a curiosity in the history of na- tions: namely, a civil and commercial retalia- tion. The situation of affairs in relation to the mails and the postage between the United States ind the British government,Shas been so often adverted to and explained by us, that itis unne- ceasary here to repeat all the history. Below, however, we give the ultimatum of our govern- nent. This document is important; it is an act of just reprisal. We give place to this record with pleasure—we call attention to it with some pride, and we hope it will have the effect, as in former military cases it has done, of bringing back the English government, per force, to ra- tional, just, and amicable postal relations: PUBLIC NOTICE. Post Orrice Deraxtmenr, Nov. 5, 1847. The British government having seen fit to charge with fall postage across the Atlantic the mail matter which was actually conveyed scrossit by the United States mall steamer Washington, it became necessary, as s measure of self-proteotion, that this government should take the steps therein authorised for terminating the subsistiny arrengement between the two countries, in relation as well te British mails in transit through this country for their colonial possessions on this continent. as the ordi. nary mail intercourse between those possessions and the United States. This arran; nts will in consequence, terminat teentb day of the present moath Thi essary result will be, that on and after the rix teenth instant, mo mail matter destined for avy of the British possessions on this continent, will be permitted to hh the [eee:| Lagearg ogee pg nited States post. reon is previously id. = AVE JOHNSON, Postmaster General. Sporting Inteliigence, Gneat Trottina Maton, To-vay.—The trotting the six- mateh for $2000, between Ripton and Lady Sutton, wil, take place this afternoon, at the Centreville Course, L. 1 There will, undoubtedly, be a large attendance to wit, ness the affair, and the Long Irland Railroad Company will give every facility to those who wish to visit the track by the cars. Besides the above matoh, there will be two other contests, which will make the afternoon one of rare sport. See Mr. Conoklin’s advertisement in another column, for particulars [t is unn at this late moment te say s word further in relation to the match between the jous horses named above, than that both are in as fine condition as their respective owners could wish, and each party is sanguine of the Police In’ ie -placed Confidence.—A few weeks ago, Joseph ith, fesper of a German aoe house, 134 Green street, hegre Ratt i a Germin woman by the name of Margaretta Van Deneden, as houre. i and superintendent of Mr. Smith’s house. hold affairs. This went on very smoothly for some time, until Margaretta thought she had worked long enough for Mr. Smith, and felt determined to do something on her own aceou Consequently, one day last week, in order to pay herself for nervioes rendered to her employ- er, she packed up $600 in American and Duteh geid coin, $200 in bank bills, a gold watoh worth $125, to gether with jewelry and wearing apperel, valued in all at $1,215, and, in the absence of Mr. Smith, started off to Philadelphia in company with one of the Duteh per- vant girls, ealled Isabella, since whieh time Mr Smith has been unable to obtain any trace of the whereabouts of this dishonest house! er Concealed to Steal.—Officer Knowles, of the 4th ward. arrested on Saturday night. about 12 o’cloek, a woman ealled Mary Ann Fraser, whom he found concealed in one of the upper rooms in the house No. 67 Madison street, evidently with intent to steal, occupied by Wm. H. Matthew. Justice Osborne looked her up for trial. Miss. Senator Hannecan—A Figut.—We regret to notice during last week, at Crawfordsville, In., a quarrel took place between Senator Hi Mr. E. McDonald, which had its origin what is said to have been a mob,in which Mr. was 8 y, and when MoDonal canal, yh thi time the parties met. The senator was attacked by MeDonald—knocked down and trampled under foot, an his face horribly lacersted. ir the senator was re- leased, he returned with « gun, for vengeance on Mo- Denald, but he had escaped. Such scenes are much to be regretted.— Cincinnati Gasetie, as accordingly done; aud thors | ‘Theatrical and Musical, Pand Taxatne.—This evening Mr. Charles Dibdin Pitt, whose character as # tragedian has been highly spoken of by the English journals, will make his first ap- pearance! before an American sudience,in the part of “Hamlet,” in Shakepero’s beautiful tragedy of that name. !t is reported his reading is exceedingly correct, | aud Lis personation of tragic characters much in the style of Anderson, The part of Hamlet is every way calculated to develope the rare qualities which are neces- sary to constitute a good actor; and, from all we can hear, it will be well sustained in the hands of Mr. Pitt. Tho evening’s entertainment will conclude with the | farce of the “ Deuble Bedded Room.”” We hope the Park this evening will exhibit a brilliant array of the élite and fashionable citizens, to welcome this young aspirant to histrionic fame; and that the management will have sufficient inducement to use every effort to produce ad ditional attractions for the literary and refined amuse ment of the patrons of the Park. Bowery Tusatax.—It must not be forgotten that Mrs. Shaw will appear at the Bowery ‘Theatre this even- ing, being the first of her engagement at that eatablish- ment for some months. She will personate the char: ter of the Countess, in the play of “ Love,”’ and will mired play, and the musical drama of “ Massaniello, compose the bill for this evening | Cuatmam Tueatae.—Barney Williams takes a bene fit this evening at the Chatham, and we hope he will have as good a one as he deserves. Mr. Williams is an actor of great merit, and sustains a reputation in this city which he may be proud of, and which is a passport to him wherever he goes. Mr. Williams will appear on this occasion in the “Irish Ambassador,” and as Padd: Miles, in the farce of “ Miles’ Boy”—two of his. best characters “The Artful Dodger,” and the “King’s Gardener,” we percelve, will be performed like: on this occasion; and when it is ki thet some half dozen ladies and gentlemen have volunteered to perform for Mr. Williams’ benefit, we are certain th house js not large enough to contain all who will desire to partake of the amusements of the evening, tad ‘at the same. time prove to. the recipient of thet? favors the estimation in which they hold him. Mr Williams leaves us soon for the South and West. His friends aud admirera regret his departure from among them, but they have the consolation of knowing that Barney Williams, the Irish comedian, will draw large houses and receive every mark of respect wherever he goes. Cincus—Boweny AmPuituerae —To night, in ad- dition to the very amusing performances and graceful acts of horsemanship, gymnastics, &c., which a given nightly by the clever stook company attached to the slrcus, Mr. Tryon has engaged the great English clown, Mr. Kemp, and also Mr. Nixon and his children, who are 60 admirable in their acts of posturing and grouping Mr. Gossin, the favorite clown. also takes partin evening’s performance; the band of Ethio- pirn Minstrels, led by Mr. Donaldson, also give some new melodies and choruses The Misses W in some very graceful dances. On the whole, cullent Bill. Curusty's Minstrers.—These eminent singers com- mence their sixth week to-night. They are decidedly the favorites of the public, and from the uniform at- tention and care they pay to their business, they de- serve to be patronized as fully as they are. Mr. Christy, the manager, has mado all arrangements for the comfort and convenience of his visiters—seats may be secured between the hours of 12 and 3 P. M., thus avoiding any confusion at night. They give a very excellent bill this evening. Saux Hanmonists.—This new troupe to-night present themselves for the first time before a New York audi- ence. They have obtained a very high reputation in the West and Southwest, and we have no doubt they will have it confirmed here. The band consists of the following performers, viz: Messrs. W. G. Plumer, J. B. Farrell, J. Tichenor, T. F. Briggs, 8. A. Wells, R. M. Hooley, and Wm. Roark, and their instrumental music of violins, bavjos, guitar,Congo tambo and bone They ‘give a very excellent bill, comprising all the favorite melodies of the day and some original ones, written expressly for this band. They certainly have all the attributes for success, and we trust they will obtain it. Oratorio or Ex1san.—The New York Sacred Music Society porform this splendid oratorio for the first time in this country, at the Tabernacle, this evening. Ma- dame Pico, and Miss Julia L. Northall, are the principal lady attractions. Livino Mopets.—The success of this troupe has been 80 great that they have concluded to remain among us @ few nights longer. They have removed to Palmo’s thea- tre, where larger audiences can be accommodated than at their former place of exhibition. ‘To-night they ap- propriate the proceeds of their entertainment to the ‘ashington Monument committee. Signor Buitz will give the good folks of Brook, a ing spell to-night, but to-morrow evening he commences again at his tricks at the Lyceum. . = City in nee. Tue Weatner.—We were visited yesterday with a heavy shower of rain, which had the effect to lay the dust of Saturday, and enabled our citizens to enjoy their usuel Sunday evening recreations, after the rain cleared off The rain came down heavily about two oclock. The thermometer stood at about 60 degrees at noon. Commom Counert.—Both Boards hold forth this even- ing, when several matters of interest are expected to be brought up for their consideration and action. Buote Paesentation.—The military friends of Mr. Dingle the leader of the celebrated band bearing his name, intend presenting him, by the hands of General Hall, with a splendid silver bugle, at the Apollo Rooms, thisevening. It will take place didring the recess of the complimentary ball to be given to Mr.D. We have no doubt he will avail himself of the occasien to discourse some excellent music on this beautifal instrument. Juvenite Gamnens.—The Park is infested with a loafers, particularly on Sundays, who with’ playing marbles and pitching cents, ke ,to the annoyance of mauy who have occa- sion to pass in this direction. These juveniles ought to be looked after. It would be a charity. Fines —We are indebted to the Chief Engineer for the following official return of fires that took place in his eity during the last month, and which has been un- avoidably cetained up to this date :— Oct. let let distriet, ist jon, 10 A. M, 25th st, near 10th avenue; one story brick gold and silver re- finery, destrofed. 2d lat district, Ist section. 11}¢ P. M., alarm; 20th st. church bell. 4th lst district, Ist section, 0 A.M, 28th st., near 9th avenue; slight damage. 4th. 2d district, 2d section, 12 night, alarm; cause un- known. bth, 2d district, Ist section, 8A. M., 1 Spring st, rear; 2 story brick shop and sheds, considerable da- mage. 6th Ist distriet, 2d section, 1% A.M, dist &., near 4th avenws; 2 wooden shanties destroyed. 6th Sd district, Ist section, 54 A. M., 100 Nassau st.; b atery brick building, slight damage 11th. 8d district, jotion.§ P -M., 89 Wall st., office of Greenwood Cemetery; slight damage, lth $d district, 24 ‘section, 10% P. M., alarm; cause unknown llth. 2d district, 24 section. 11% P. M , 165 Madi st.; 3atory brick dwelling, slight damage, 2Quh. 8d district, Ist section, 14 A M.,13 Spruce st., rear; $ story brick shop, slight damage. 12th, Ist’ district. 2d section, 13¢ A.M, 19th street. near 9th avenue; slight damage. 12th 8d district, 24 section, 4e'ory brick store, upper ato 13th Ist district, 1st section, 336 rear; one story shed destroyed 18th 2d district, 2d section, 6 P.M Bowery, near ‘19 night, 60 Broadway; damaged .M., 377 West st., | Because they are alwa; Walker street; 2 story wooden store and dwelling, con- siderable damage. 14th 84 district, lst section. 2%¢ A.M., Centre street, rear; 3-story brik foundry destroyed, A man and boy periabed in the flames 15th lst district, lst section, 44 AM., 20th street, near 8th avenua; slight damage. 1sth. 1st distrlot, Ist svetion, MP.M., 68 William street, 3 atory brick offices, slight damage 18th 2d district, 1st section, 6% P.M., corner 6th at and Bowery, 8 story brick store and dwelling, slight da- mage 20th. Ist district, 9d section, 4 P.M., 45th street, near Sth avenue; match factory, slight damage 1st, 8d district, et seotion, § P.M, alarm from Hall pel 22d. 3d district, Int section, 83 P.M , corner of Nassau and Fulton streets; upper story of San buildings, slight damage 2d 3d di anu and Pi slight dama, 24th. Id district, 2d section, 7 A.M. 206 South street; 3 story brick cotton warehouse, slight damage. 27th, 8d district, Ist seotion, 5% A.M., 374 Pearl street; printing office in rear, alight damage, 28th, Ist district, 2d section, 3 P.M, 19th street, near 5th avenue; 2 story brick stable, slicht damage. 28th. 2d district, 2d nection, 1144 P.M., 239 Stanton, corner Sheriff; 2 story wooden grocery and dwelling, ‘ight damag 30h 4d district, Ist section, 3 P.M., alarm from burn- ing tar barrel: ot, Iat section, 11% P.M. corner of Nas- streets; upper story of Bird’s hat store, Ir Bonne Bouche, ‘rom the Sunda; ers. Tortcs or tHe Wenn.—The *toples ab the wean" We have been bethinking ourself of this title, now thet it is too late to change it. Who can do justics to it! A microooem diffloult, indeed, to embody in half to three “toe quarters of «column, weekly. How many oh pics they, which, in « city like this, have a day’ twe day’s currency and interest, that, before the week expires, aro old and stale? But we must reeord as many 6 we on recollect, in this, our weekly “brief abstract and chronicle of the times ’—The Headley & Griswold and Carey & Hart, and Hoffman controversy, about the ‘Generals of the Revolution,” has proved the cause of somo excitement among our literati, Carey & Hart, of Vhiladelphia, it seems, spoke to Mr. Headley to write » book, like his “Napoivon and his Marshals,” about “Washington and his Generals,” and soon after, heoame out with a similar work, on “his own hook" Some talk being had on this matter. Headelycomesoutin the Courter | here, in which he says that Rufus W. Griswold was the getter up of the Carey & Hart work, and that he wrote a puff of it inthe Literary Gaze te, edited by Charles Hoffman, who had written the life of Gen, Schuyler, in the book in question; and that that particular part of thé book was the moat be puffed in the Gazette review. To this Mr. Hoffman comes out with an explicit denial the id’s) and Hoffman’s . And. last of 60 Courier to Griswold, (I) that he (G.) wrote the article in the Literary Ga- 2rtte, which he now denies having written. As to Hoff. man, Headley says that it was on the authority of what Hart told the party who told him, that he had said Mr. Hoffman had-praised in his own paper his own part of the “Generals of the Reuolution.” As the matter stands there seems to be @ palpable issue of varaeity between Griswold and Headley, which, considering both are “reverends,”’ is not very creditable to the cloth, —.tlas. Mexican refinements are being introduced into Ni Orleans, Anarena for bull figh =~ ae first entertainment was to take place on Sunday last, by accompany of reguiar bull-fighters from Matamoras. ‘The animals were expected from Attakapas.— ize. Why are parsons the most ungrateful fellows aliy abusing the old gentleman, without whom none of them could * get a living.” —Ii. Ova Cxuncnes —Building churches in our city has become “a fair business transaction.” They are no longer erected to correspond with the increase of popu- lation, or the pious wants of the people. They are built on speculation. If a street or square are likely to be settled, or become fashionable, and lots are cheap and witbout purchasers, a large elegant church is pro- posed to be erected by subscription among the owners Of property in the neighborhood, trusting to the sale of pews to pay all contingenoies, and being very particular that the church shall be @ splendid 4] Gothic, with stained glass windows, and end appliances of modern improvement, with a pastor known to be both able and fashionable. Thi is completed, and tho | jimen of the | the comforts | urch | ones erected, houses begin to spring up im the neighbor. | hood, the lots rise in value, and the speculation 1s com- plet Alas! that edifices, devoted to the service of the most higb, should be erected simply to increase, the value of surrounding property; and that for bim who was worshipped in o manger, palace should now be deemed neces! ! We were led to a brief notice of this snbject on reading the following characteristic ad- vertisement: “Church of the Annunciation in 14th street.—For salo, five pews, Nos. 30 to 84, in the eastern transcept, selected as the mort desirable pews in the whole church, being near the pulpit, and directly opposite the new or- gan of Mr. Jardine, and commanding « full view of the congregation, while the glare from the stained glass win- dows is avolded. Apply to,G. H. ‘Winter, 31 Wall street, over the Mechanics’ Bank ”” ‘So. 20 | * desirable pews!— pews which will enable the purohaser to have“ e full view of the congregation” pews ‘near the pulpit’—pews directly opposite the Rew 0! ‘n’’—pews which shield the owner from “t! the stained glass windows!” Oh. father Abri ou who selected the broad canopy of heaven, filled with ever ehining stars,as thy church to pray tothe Giver of All Good, infuse a little of thy pious humility in the foulnof ihave man in” parila aad fnelinen,’’ ead to, struct them that a pure and contrite heart in its — tions and orisons is more acceptable to the King of Kings than * desirable pews’ “ near the pulpit,” * in full view cf the congregation,” and“ opposite the new organ” Speculators in churches and religion in this city make money by their operations. They get up a congregation and seil it a church, and are sure of a profitable return The more piety, the more confidence. These are the men to raise money—to become executors and guardians to immense property and numerous chiidren. When they sell pews us they would cattle, religion is a mere ceremony, and always ata discount —Zimes. Tue Case or Parme, Wann & Co.—The commercial and legal circles have been somewhat agitated during the past week, by the summary proceedings adopted by the creditors of this firm under the Stilwell act, In ordinary cases, the stoppage of a firm in this city does not neoessarily involve the bankrupts in legal proceed- ings, or subject them to personal inconvenience. In deed, for all practical purposes, it has long been our seitled opinion that the law for ‘the collection of debt might just ag well be abolished a3 not, for the Stilwell | act only contemplates oases of fraud, removal of pro) erty, ee Janeen’ gy party refasea to appropriat t he possesses to the rp Eeeds of the ail In England thereare two modes ot procedure by creditors, by which they can prevent an insolvent firm from wasting property, and compel an early djstribysion among those to whom it is due. O: and the tee expenvive, is, by making the debtors bi rupt, wal ich can be ¢ dons, by $36 or more sortalton to whom they owe @ other is by the Insolvent been obtalued, and the | Court, to which the debtor must apply for relief from | imprisonment—at present he need not be in actual con- finement, but under process. Notice ii on the creditors, and @ searching examination is made in open court into the cause of the insolvency, and with the view to punish any fraud, and to make a just divi- dend, Thw court has the power te disobarge condition- ally, or to order any sum out of the insolvent’s income, professional or otherwise, to be appropriated to the pay- ment of his debts, Under the bankrupt act, the dis- charge must be absolute, or not at all, and it requires the consent ci three-fourths of the creditors to enable the bankrupt te enter on business Now it would appear that we stand greatly in need of some such general law as this, The bankrupt law which was passed one sossion of Congress and repealed the next, contained some very good provisions, but it contemplated rather the relief of persons who had been for years hopelessly insolvent, than the conservative principles of the English laws, "It has long been an ex- ploded idea that to shut up @ man in prison is a rational mode of enabling him to get rich ; and yet it is # mon- strous evil that a debtor may possess himself of his friend’s money or goods, or the process of the labor of a poor man, and then ride about and dissipate it, wh the right owner may be reduced toe state of beggary or starvation. ‘Take the case of Hugh Morgan, one of the plaintiffs in en renewed | jain in his own name. | | Capital of Fermont— Bridging Lake Champlain—Para- | | these very Stilwell warrant cases. He arrives ina strange | coun’ with a capital of $4000 to invest in land, intend- | ing to follow the plough for a living. ‘This money he de- | posits with Prime, Ward & Co., and proceeds to the West | to select a farm. On his return, the house has stopped, | and they only offer him a dividend of $600, but little more than one-eighth of his deposit. Another case we heard of was, if possible, still worse. A gentleman in Westchester county, being engaged in some extensive building operations, made a special which he was to call for at any time, three weeks before the house stopped, and not a dollar had been drawn. Surely with such flagrant instances of breach of faith before their eyes, the community ought | to have some better protection than can be obtained even from the Stilwell Act, for that only contemplates coercing the debtor into settling with one creditor; whereas under @ general bankrupt or insolvent law, it | could be made compulsory on the debtors to surrender every thing they have into the hands of proper persons. with the view to an early aud equitable distribution of the wreck of the property among creditors —Mercury. Tue American Inetirut This institute has never mado a report of its receipts and expenditures, It isa public institution, the creation ot the people, and receiving yearly from the people immense sums of money, which it refuses to account for. ‘When reapeetfully called upon to exhibit a statement of its pecuniary affairs, one of its officials, who receives fifteen hundred dollars a year for “ encouraging Ameri- can industry,” insultingly answered that it was a busi- ness which did not concern the public If the directors of a bank, or insurance company, were to refuse tomake anexhibit of the affairs of the com- pany, the legialature would revoke their charter. If the managers of any charitable fund were to follow the Institate’s example, they would lose the confidence of those who bad contribut to the fund. And until the American Institute accounts to the people for the moneys which it has received from the people, it will find it difficult to make another raise by avother fair. We assure Mr. Wakeman, and all others concerned, that the cant about“ ameri: industry” is not the kind both eyes. If they refuse counts, the public will more than sus- pect that there “is something rotten in the state” of the American Institute. Now, once more, Messieurs of the Institute— What have you done with the money? Where are the profits of the last ten years? Will you account for one hundred thousand dollars, with interest—on ten thousand for nine years, on twen- ty thousand for eight years, on thirty thousand for seven yeats, on forty thousand for six years, on fifty thousand for five years, on sixty thousand for four years on seventy thousand for toree years, on eighty thousand for two years, on ninety thousand for one year—will you account for this money, priuoipal and interest ? © This is the second time of asking.”’—Dispetch. Not long sincea Catholio clergyman, in Masrachuretta, refused to dedicate a church beowuse it had not been paid for. He told the congregation plumply that he would not be their agent in giving to heaven what did not belong to them This excellent example, we are glad to see, has not been lost on other congregation: The vestry of Calvary Charch, this city, have made arrangements to pay their debts, and spare the sheriff the trouble of selling them out; and the First Preaby- terian church, on Fifth avenue, are also determined to ay 1 . Wer shalt be glad to chronicle other evidences of awakened conscience in the churches. It is terrible to think of the impious mockery of presenting, as 4 free offering to heaven, a building which belongs in fact, not to the presenters. but to hard working masons, carpen- ters, and poor day laborers. — I. Cnanuine Lounex —The new pioture gallery of Art’ Union bas become one of the most fasl lounges in the city. It is really # delighttal gal corafortably warmed. well lighted, and containing some gems of art; to say nothing of the lovely women, who challenge @ fair division of our attention, and get their full share of our admiration —I6, Boston, Nov. 2, 1847, Matters in General, It is a fact worthy of observation, that although this city aboutids with a multitude of professed moralists nerrow sectarianism prevails here to an alarming ex- tent. Each sect appears to be shut up within itself, as it wore,assuming a sort of exclusiveness, thereby utterly depriving themselves of & wide fleld for tho exercise of Obriatian charity. It must be conce al talent e1 a sine the ble ded, however, that Boston contains more city 0 knowledged , tl Boston is the principal source from whence emanate exosedinly stran; t¥ vagaries of belief, startling avowale of doctrines, an: it appears os though esch individual clerj ao, porseated of remark able talent, disdsined to follow the lead of all tradi Uion,even casts aside the Bible iteelfand strikes out bold- ly for some novel plan of redemption. Nutwithstand- igg all this, no city in the Union is favored with more churches, in proportion to ite number of inbabitants and 90 poop, are more regular, as a body, in their at- | d find it | | bu tendance of divine worship on the Sabbath, We are in the midst of our Indian summer, warm and pleasant. However, | qavation whether a continuance of such weather can be considered equally ‘as healthy as that more suited to the season of the year. ‘The democrats held a mass meeting last evening in State street, which was very fully attended, and quite orderly for se numerous an assemblage. It is supposed this will be the final political gathering on either side, The utilit, tremely dou! . ese 1nA88 meetings, in general, in ox- of the aspersion of Headley, that he wrote a portion of the “Generals of the Revolutien,” and then puffed it in Th posit of $20,000, | nd this waa only | od in the ministry than any other | the United States, and it must beac- } ¢ whigs are seemingly perfectly inert—make no de- | | ‘no ratiftoation or mass meetings, and spies fnsensible in regard to the importance of the election. The truth is, have a ent to defeat and to supplant im the af Seton ote poole. hd Coming will be ieee strong an ular candidate, It is reported that New- bi the residence of Mr, C , will support him al- unanimously. Collector Morton still continues to throw cold water upon the enthusiasm of the people in behalf of Generel Ci His emissaries are abroad in every direction, using the name and influence of Mr. Morton without stint. One in Charlestown, is particularly active. ‘The truth is, however, without the least disparagement to our worthy collector, he is getting advanced in years, 6m fact, ver, on the period of his second child- ood, Monrtrexien, Nov. 1, 1847, dise among the Perfectionists I bave been spending some time at this place, the capital of “ auld Varmount;”’ and as in this State beyond any other, perhaps, in consequence its isolated situa- tion, is found true unadulterated Yankeeism, some de- soription of matters and things may be interesting. The capitol is of granite, andin beauty of structure and proportions, and convenience of arrangement, 9 | equal to anything of the kind in this country. Mont- pelier is & small village of 2000 inhabitants, situated on the Winooski river, in a valley, surrounded by hills and monntains, The soil is clay, and in times past the mem- bers of the Legislature had to crawl along on the fences to get to the capital The walks are improved some now, and in wet weather one can manage with good boots to gut along on she side-walks. It did not, show much good taste in Vermonters to select Montpelier for the capital, instead of the beautiful and busy village of Burlington. The house comprises about 240 members—esch town, whether large or small, being entitled to ome mem- ber. ‘They are generally farmers, and although they many of them coarse and uncouth in their manners, dress and appearance, and use the true Yankee dialect in spesch, yet they exhibit a substratum of stro vigorous and practical common sense, which you may seek in vain for among the ruffle shirt’ gentry of your greatcity. ‘A new revolution is preparing for this State in the lines of railroads that are soon to open through it. On the southern boundary, the €onnecticut river railroad— now in process of oonstruction—will extend up that river to Canada, and thence to Montreal, opening a vast traet of land now unproductive and wild. The Jonnectient river sailroad is, or soon will be, inter- sected at Springfeld, Greenfield, Bellows’ Falls and Haverhill, by railroads from Boston, From the two latter places, roads are constructing to Burlington, one by way of Rutland, and the other by Moatoelier; thence the road continues round the head of Lake Champlain to Montreal At St. Albans, a branoh turns off to the Lake to connect at Rouse’s Point, with the Ogdensburg and Plattsburg railroad; and an ‘application is now pending pefore the legislature, for a bridge across the Lake at Rouse’s Point. This project has given rise to much ex- citement, and is likely to occupy the legislature some time. If it passes the Vermont legislature, a similar ap- Piloation will be made to the legislature of New York. he object of this road being to open an avenue of the trade of the West to Boston, and thus cut off Albany and New York, the application will meet with doubtful reception in the New York legislature. ‘All, or most of these rouds, will be completed in the course of next summer, and its effect upon this State, will be like that of the Erie Canal upon the interior of the State of New York. ‘This abounds in agricul- tural and mineral wealth. In the county of Rutland alone, the marble quarries are enexhaustible, and the same may be guid of th along the shores of Lake Champlain. A speeimen was shown to me from these quarries, equal in quality and beauty to the finest of Italian marble ‘There is, also, slateiron ore, aud other minerals in great abundance, all of which have been entirely anpro- ductive for want of facilities of transportation to market. Jt is not too much to say, the roads now in course of coarnen through the State will double its productive wealth. ‘There has boen, for some time past, in Windham coun- ty, of this State, a company or seet, oalling themselves “Perfectionists—numbering, altogether, perhaps, thir- ty or forty. The leader and oracle of this compuny is an orthodox preacher, and a man of considerable property and natural talent. He owns a large house, which is occupied in common by all the sal ts. ‘The company comprise married people, and single, and in some cases wives alone, without their hus- bunds. Some weeks since the reverend saint, (who is a married man) announced to his zealous disciples, that the kingdom of heaven had come to them, and that henceforth the saints were ‘‘ neither to marry or be given in marriage,” but to live together in common. enjoying themselves according to their fancy; that all ties of con- sanguinity and matrimony were dissolved, as in that per- fect day; and there was to be a promiscuous indulgence | of the sexual passions by all the saints with each other. | All were at liberty in this respect to follow their iaclina- ject only to the inspired direction of the rove- rend saint. This was, of course, joyful newa'to the saints, | atid they entered at once into the full enjoyment of thin earthly paradiee. It is said, however, that the reverend saint is always careful to provide for himself out of the flock of female saints first, and the othe are left. About @ fortnight since th neighborhood, not liking this monopoly (for it was con- fined to the saints,) entered a complaint against the ler for adultery and fornication, and he was bound over to court for that offence. It willbe a rich affair when it comes to trial. In the meantime, notwithstand- ing the complaint, the saints continue their promiscuous leasures, using for that purpose the reverend preacher's use. TRAVELLER. | Catro, ann THe Great Orntrat Rattnoap oF | Inuinois.—We notice by the western papers, | that the site of Cairo City, with all improvements thore- on, which cost an English company millions of money, has recently passed into the possession of a new asso: ciation, together with the cherter of the Central Rail. road, commencing at that city, and running through the centre of the State to the Illinois and Michigan Ceual, and thence to the Lakes end Galena, upon the con- struction of which the S| expended more than n lion of dollars. ‘These great and important works, it seerag, wre to be completed and carried out together— fao, we venture to predict that they will prove the must proftable investment of capital in this country. Cairo like this city, is protected by levees and ombaukments, raised above the highest known floods. It is undeniably at the lead waters of navigation for largest class steamers at all seasons of the year- for, above this point. in winter, the Ohio and Mississippi are often obstructed | | by ice, and in summer tmpeded by low water, Hence, | the railroad, commencing at the covfluence of these | two rivers, and extended to Chicngo aad Galeua, will open the most certuin, direct, and speedy inland route between New Orlewnsa, the far West and the Atlantic cities, and will secuf nearly the whole travel between the Southwestern and Northern States. We sbali be diappointed if we do not ses. before five yesrs, Boston and New Orleana brou. bt within four or five days dis- tance. The commercie! prosperity of our own city, and indeed the interest of the whole Southwest, i+ greatly indentified with the success of these improvement; of this we sbatl fully express our opinion hereafter — New Orleans Commererat, Cairo, at the junction of the Ohio and Mississippi rivers, is beginning to look up. We feel an interest in ita prosperit; it will be one of the stopping places between Charl mand St. Louis, when our internal communications are perfected. The St Leuis Repub- lican eays:— “A new establishment is getting under way there, for the storing and forwarding of goods and the reception and entertainment of travellers who may stop at that point, The position of this place is # most admirable one, and it will, without » doubt, before many years have transpired, be the seat of an immense business; a pivot, as it were, upor which the main trade of the far ‘West willturn. We learn that efforts are making to recall the public eye to this place, and there isa pros- pect of a large investment of funds for the purpose of | overcoming the only digadvantages which it at present euffers at certain seasons of the year, from the rite ot of the rivers ‘Ihe growth of the Wert is truly sastonisb- ing Places but a few years ago which were « desert. or a forest, are now alive with Lusiness, the ceutre of a vast trade. Look at Cincinnati and st. Louis—loek at the immense back country which already pays tribute to both. Who would have thought, twenty years ago. | that either of these places could in so short a time pre- sent such a spectacle of thri t!’—Charlestun Mercury ‘The cheapest and best piace Ii get your bouts <noes, or gatters the city to 4 An street, J good 4 U Cas gett! ts fur $4 50 as Isewhere for $7, Qaie f, £8 1 strate v otat $3.50, which istually sold for $5 ater proof boots at $1 50, $5 00 and $6 00. Jone. stam of doing businesi—light expenses nud | "All goods purchased at 4 Ano street are war: tire «tatnetion | ts— 1 Convention of tl York will be heid at the i i ne ranted to To Oren No 67C osby street, on Wor uesday evening, t ov. 18:7 at9 o'clock, A. M. forthe purpose of forming a State Dental Suc.ety. tug dentists iu the State are invited to be present | im the proceedings. By order ol she Commitioe M. K. BRIDGES, Charman Ail pracy und take pat 0.6 Auren, Secreinry. : The Goodyear Nubber Warehouse, 100 | Broadway, contizues to keep,as heretofne,the most extensive | Gf hoes, together with every variety of patent AnUtuctused, and every person in waut dita object to @all at 100 Broadway E. Watson & Ce. 45 William street, one door below Wall st, | and J. Y Savage, 92 Fulton st, ace prepared to sa ply pare chasers with this admirable pen which will write better pnd lust longer than au e world. ‘They have the exelasive sale of the ° whieh they ¢ffer, to gocher with every style aud quanty of Gold, far cheaper th any otherdenlers. Gold Peus at $i, $1 25 and $1 59. Pens repaired. Gol of Dr Gouraud’s remove! of pimpl & oo, from the skin, ally keow Reotes inst usteation { its excell fare received daily from wll ports of thie eountry, Gonraud’s Poudre Subule is equally ce'ebratee fr its magion! | prope ties ineradicatiog sapertiuous heir. Found wt the Dr's ‘uly Depot, 67 Welker staet, lst store from Broadwoy: Boston, 129 Washington street AChance of Business. Compaoy.of 79 Cav has the Lows " er part of the Jesale, offer for ra wt fixtnros, ke, To any cand profitable onsiness th ye The stove is very. jiand , le cheir € tonyenience, and the best of fixtur Gow doing ag ness, which, with proper aitenti¢ The purchaser cae either buy out the whole. acd r Ty Snblependent coucern, of purchase one-half and have it re. main asa bracch of the down-town store, For futher parti+ culars, apply at the sto Fine Catlery.—The subscribers haye palit particular attention fo this branch of their busivess, and on hand at pr well veleqted use sortment | penne ees . gg! ind le city, with a large variety o| foods. Razors groun Tele e GS SAUNDERS & SON'S, 177 Broadway few doors above Courtlandt street. | side who exn hold, will do so. The W Monument sir, Coliyers EXHIB]TION OF LIVING MODELS) or Model Artines at Palmo's Opera Mouse this ev: ne fit o| the Woasbingow su ‘und, ening,will be for the lie is x tfally soli patronage of the pub> Metallic Tablet Razor Strup.—The attention of dealers is invited to this article, being made of the best ma- terials, city manufacture, and under the subscribers’ immediate supervision. They bave, in all cases, rendered to purchasers the most perfect satisfaction For sale at G, SAUNDERS & SON’S, 177 Broadway, opposite Howard Hotel. MONEY MARKET, Sunday, Nov. 7.6 P, M. There has been considerable excitement in the stock market during the past week, and prices have fluctuated considerably. The arrival of the French steamship Puila- delphia, early in the woek,with several days later intell! gence from Europe, had rather s favorable effect upon the stock market, and prices advanced afraetion. The complexion of the advices breught by the Philadelphia gave hopes that the Caledonia would bring favorable s0- counts of the monetary orisis in Great Britain; jand the stock market became quite buoyant, and continued so up to the moment of the Caledonia’s arrival, when the intelligence was found so mueh more disastrous than anticipated, that a decided reaction took place, and the market closed yesterday at a decline. ‘The closing prices yesterday, were not , however, in many instances so low as those ruling previous to the arrival of the Philadelphia, and the effect upon the markets generally, was not near so unfavorable as anticipated. The fact js, that prices for stocks have run down so low that they cannot be carried much lower. Money securities in the annexed list, rule from thirty to fifty per cent below prices cur rent sixty days since, and every per cent decline below present prices, reduces the supply upon the market, and brings in buyers who purchase for permanent invest- ment, ZThere isa value to every fancy stock in Wall street, and it is the generalimpression that prices have reached the vicinity of that value. A fall of five or ten percent more would give capitalists a grand opportunity to come in and purchase for a rise, and all who can hold at pre- sent prices must ultimately make handsome profits on their investments. Many of the sales made at the board are on acconnt of those not able to hold, who are com- pelled to part with thelr securities,who, having purchas ed on time without capital, and a limited oredit, are forced to submit to’any ssorifice, and accept the market price for their stocks at the maturity of their contracts. It is this class of operators which causes a depreciation in the market value of faney stocks, and establishes prices at the board oaloulated to lead those disposed and able to hold astray. Dividend paying securities are merely af- fected in prices by these influences; the prompt paymen of interest cannot be influenced in any way by the efforts of a few speculators, The annexed tuble exhibits the quotations for stooks in this market, for each day of the past week, and at the close of the week previous:— Quotations vor THE PainciraL Stooxs in THE Naw ‘one Maaaer. i. Mon. Tus. Wed. TW'y. Pri. Sat. Treasury Notes 6's... 1 no Gs. i sa Rentachy oe = Sit igs See Pennsyl van Me TK — —- TK TM 73 erie — 6 © WE — 3 39% Rending’ HH Bonds.\. os 6915 69, 69% 8% 70 0 Ren M’tye Bonds. 64% 6436 64% 64 i ot oR Ge fis Bae 40; 40) a9 39) 77 in te 3. aes Long Island 4 2H 28% 3 sé Mohawk... -_- =e Frommngton « Hi F - - -_ ‘armers' . aoe Be Bi By Be Moms Can = Sra ee ie ete he, sx et ee United Sra —-— = me ast Boston, ee ge NorthAma trusts. 7 - = = 2 lo Ot EA comparison of prices current at tho close of the market yesterday, with those ruling at the close of the previous week. exhibit ® decline in treasury notes of 3s per cent; Peun. 6's, 54; Reading Mortgage Bonds, 4; Norwich and Worcester, 2%; Harlem, 134; Long Ieland, 3%; Farmers’ Loan, ; Canton Co., %; Mor- ris Canal, 4; and an improvement in Reading Bonds of 4 per cent; and Resding Railroad, 3. It will be per- oeived that there has not beens single sale of some of the fancies during the pest week. The value of merehandise imported into this port for the first five days of November, compared with that for the corresponding period in 1846, (exclusive of that sent tothe warehouse,) and the amount of duties on the same, under the tariffs of 1842 and 1646, wasas fol- lows :— Commence cy tne Pont er New Youx—Varor or Im- First five days in Nov, Fiee @oods.. . 5 | Datiable Goods. . 514,751 Total Merchandise. $695,224 1,305,785 Ine. 409.951 Specie... ES + 17,860 2.985 Dec. 14,874 $912,084 1,308,171 Tae 79449 "314225 I IM perct. 24 per et. The above returns and those for the last week in Oo- | tober, show an enormous increasejin the value of imapor- tations, compared witn the corresponding period in 1846, and a great increase in the amount of duties received. The comparative increase is very large, although the ag- gregate value of the imports is limited. ‘The only favor- able feature about this exhibit is that relating to the government treasury. The amount of duties isin pro- |. portion, much larger than the imports,in consequence of | the high average rate of duty. It appears that the reve- nuejor free trade tariff of 1846, is in fact nore proteetive | than the tariff of 1842; it not only covers » greiter ve. | rlety of articles, as will be seen bythe reduction in free | imports, but the average rate of duty is mach larger The exports during tha past week have been exceed. ingly Hmited. both in quality and value. The eomplet destruction of confidence; the fears entertained relative to the solvency of houses in England, and the reduced prices ruling for our staple preductions ia Europe gene- rally, exert @ very important cheok upon the movements of our staples, and materially reduce our exports. CoMMERCE OF THE ba lt or New Youx—Wenaiy ar | | | | | To Garar Ba bbls; cotton, 601 rosin, 1,180 bbis ; appl i | lba.; turpentine, 917 bbls ; oorn, 31.626 bushel 632,269 Ibs; lard, 6,794 do; butter, 6,096 do To Faance —Cotton, 1.669 bales; lard. 21 304 lbs ; rice, 106,470 lbs,; tallow, 7,967 lbs; bono, 21,097 lbs; bel, iso 8. To Baitisa West Inpins—Pork, 821 bbls ; beef, 196 bbls ; ham, 2.445 lbs ; lard, 2,767 Ibs ; meal. 180 bbls — ghsete, 4,686 Ibs.; flour,1,050 bbis ; butter,6,671 Ibs; rice, 06 To Baitisw Nonta Amenroan Caronizs—Flour, 2.906 bbla; pork, 409 bbls ; butter, 1.652 Ibs ; meal, 875 bbis.; beef, 65 bbls ; wheat, 97.618 bushels. To Daxisn West Invive—Dry fish, 36.000 lbs ; beef, | 20 bbls ; rice. 2,400 Iqe ; hams, 1.70 lbs.; pork, 35 bbis; cheese, 364 Ibs ; flour, 100 bbis To Sranisn Weert keotes—Butter, 321 lbs.; beef, 19 bbls:; cheese, 1,012 Ibs.; hams, 20,326 Ibs.; meal, 50 p meal, 120 bbls The value of exports for the week was $290 287, of which $230,407 were shipped in American vessels, and $50,880 in foreign vessels Thisisavery small week's business, and in the face of the increased imports, would lead soon to a more rapid exportation of specie than we have heretofore anticipated, were it not that the ship. ments of produce from other porte have been and oon- tinue to be quite large, notwithstanding the great de- presiation in value, The exportation of cotton has, th year, been exceedingly large, compared with last. Up to | the close of the third week in October, a period of little less than two months, the shipments of this staple have been more than double those for the same period last year. The shipments to Great Britain have been 3 746 bales, against 15,681 bales to the same date last year; to Franoe, 26 678 bales,aguinst 11.966; to north of Europe, 11.409 baler, againgt 4,390, making an aggregate of 94.114 uslew this year, against $5,022 bales the previous year; showing an tucroase of 65,192 bales. in the first six weeks of thie year, equal to nearly one hundred and fifty per cent. This inereased exportation of cotton, in the face of rapidly depreciating prices, is 8 very astonishing fact, showing either the mecessity of selling on the part of holders, or a speculative movement, in anticipation of an improvement in prices on the other side, Whatever may yave been the expectations of producers and shippers, pre- vious to the recent arrivals from Europe, there has evi. dently been a great revolution in their opinion relative to pricas, ag the fall hes been fo great, and the demand ior tha raw material so limited, that all those on this We, therefore, look for « falling offin the shipments of this staple; andas the is no immudiate prospest of any improvement in the d inand, there must be a farther depreciation in prices Cotton is et present, aad has, for rome time past, been y low, but wo sow nothing Mkely to prevent a preeiation ‘Those able to hold for length © will make money, even upon prigea above thone now, ruling; hut (rosa who litve any fenrs of being eom- polled to sell within the next six months, hed beiter ieliberate calinly upon the policy of doing #0 at once rather than weit the probable depreciation which may, within that time, be experienced, Cotton and corn are two very difforent staples in periods of monetary crisis, A demand for the former depends upon #0 many contingencies thatit is subject to great Auctuations; while tho latter depends entirely upon the dem or consumption; from which there is no appeal, no escape if @ demand of this nature exists, it matters but. litt) bales; 74,668 5 chess, | | | j