The New York Herald Newspaper, October 26, 1853, Page 2

REPLY 70 THE BRONSON AND O'CONOR LETTERS SUPPOSED TO HAVE BEEN WRITTEN BY SECRETARY MARCY. WAR TO THE KNIFE, to., ke, be. The Washington Union, the chief organ ef the Spoils Cabinet, yesterday gave publicity to the follewing docu- meat, to which the editor directed attention by saying «the writer is a distinguished citizen of New York.” It is almost unnesessary to add that the auther is under- steod to be Secretary Marcy, as was previously an- nounced in our telegraphic despatch :— 7 Naw Yorx, Oct. 21, 1853. To mam Eprror oF Tig Uvios— Thave read the letters of Messrs. Bronson and O’Conor with great satisfaction; for they enable the public to ua- Gerstand the real ground upon which these gentlemen propose to withdraw from the democratic pots, for this is not the first movement of that kind on the part of either of them. Their letwrs are characteristic. Mr, Bronson’s is fall of isrepresentation, and Mr. O'Conor's of apecial plea . It is due te the latter to say that his personal eesti is unquestioned. He is a mere lawyer, Gnd bis political course has always been governed by professional rules. Ignorant of the polities of the nation dnd State, he takes the first retainer offered, and then serves his client with zeal and fidelity. T have always regretted that the Union democrats did not engage first his services. Both of these. gentlemen, the one covertly and the other frankly, take the position that the union of the democratic party in New York was ® mere coalition for unwortby purposes, which, as honest men, they cannot countenance; yet their letters concede it to be very de- sirable that those who separated on an exciting question in 1848 should hereafter act to.ether in support of the great principles of the democratic party, and they come Gown. to the point that the manner only of reumiting the party in thisState was objectionuble, ‘This difficulty has ‘been discovered at the end of three years of union. The consciences of these gentl mea, like the courage of their friends at Syracuse, seem Lo be subject to imtermittent at- tacks of horror and dismey, after long periods of retlec+ tion and repose. : It is apparent that no thé Mr. Bronsom nor Mr. O’Conor could object to the return of any one to the democratic ‘aitar opposirg its principles or its candidates. BR own antecedents forbid thelr doing 60. The oaly advantege they claim over those whom they so loudly condemn is, that they came back to the party, after a tong estrangement from it, in a more regular way. Allow me to illustrate Mr. O'Con: r’s idea by his own case. He is too modest to do this himself, and’ borrows the name of another gentleman for hat purpose. In 1839-40 he followed Mr. Tallmadge’s defection on the currency ques- tion, opposed the independent treasury, supported General Harrison, gave his assent to the doctrines of the whig party, an war against that Baltimore platform upom which he now stands. Now, mark the right way, according to Mr. O’Conor of getting back into the demo cratic party when it is again successful. Instead of coming into the party formally, he thinks those whe have opposed its candidates and principles must drop into the ranks im a miscellaneous way, as Mr. Bronson and himself have done heretofore. This is the whole point of his letter. Now that it is proposed to break up the democratic party in New York, with a view to having it re-united ac- to the practice of these geatlemen, it is worth while to comider if there are no obligations of good faith aad common honor that will be violated by the act. Mr. Q’Coner is mort unfortunate in his statement of facts. There can be no misunderstanding about the history of the union of the democratic party in New York. Those who supported Mr. Van Buren in 1848, did not, as is seserted by Mr. O’Conor, propese the re union of the party. In the spring of 1549, Mr. Edwin Croswell drew up a ition for the adjustment of the political differ- ences in the State of New York. It was Signed by Mesirs. Peckahm and others, who constituted the State executive committee of the Cass section, and sent to the central committee of the opposing organization. A reference to the columns of the Albany Avyus will show that during the spring and summer of 1840 that paper constantly re- Pl ‘the other section for its reluctance to unite under @ common organization. The two distinct conventions heldat Rome in 1849 were called im consequence of ‘his movement of Messrs. Peckham, Beardsley, and others. The official roceedings show that every proposal for union came From Moors. Cutting, Beardsley, Peckham, Bowne and | others. So earnest were these gtntlemen, that they | —< variety of propositions te the other convention in tiie endeavor to unite upon doctrine. Their organ, the Argus, denounced the other cenven- tion perce nyse gph ot rears The follow. ing preamble and resclut.on. offered by Mr. Cutting, com- ist show how inaccurate is the stateraent i Mr. Conor, that the union of the party was sought only by the opposite section and by ‘scme time-serving bunkers: — This convention having exhausted all honorable moans consiliate and harmonize the diferences which have un- fortamately distracted the democratic party, and the con- vention at the Baptist Church having rejected the overtures | made to them with a view to secure that object, and this convention having thereby tailed to accomplish a result so a yy the great body of the democrac: throu out the State, it is now compolied to adjourn without la ving establish a roanion: therefore be it our brethre treughout the and earnestness of our ex nsious. and we cordially invite ever may have been their former e with Us pou the a Jared by this convention. ble and vesolution were uaanimousty adopted Beardsley, Dickinson, Cutting, Ward, Peckham, Bowne, Follett, and Mitchell, were members. All these ges tlenea in their 8] declared that they earnestly desired the success the regctiations in which they were engaged, and they reproached the other organization with a relustance to meet them upon the terms offered A month later, at the convention held at Syracuse, composed exclusively of delegates from those who sup: General Cass in 1848, the proposals for union mada yy Messrs. Cutting, Beardsley, and others, were renewed and accepted by the opposite section. Each section named half the candidates.and adopted its own resolutions. It is, then, evident yhat the ilea of this “foul eoali- | tion” originated with th se who are now acting with | Messrs. O'Conor and Bronson, although i: is due to the it majority of those who voted for General Cass in 848, to ‘say thet thoy are determined to abiie by the | terms of the union in good faith, and they will not fol low the exaniple of cectain gentlemen who have aban doneé the democratic party because they were unsuccesa- | ful suitors for the favor of the supporters of Mr. Van The records show that the movements for the | Feunion of the democratic party were mainly directed by those who now direct the movements of Messrs. Bronson | avé O’Conor, and their motives at this time will be ex- plained. | Mr. O'Conor complains that since the union the for mer divirions have been kept alive by the division of the nominations and by separate caucuses at the State conventions. But wao created this difficulty? Imme- | diately after the union, Mr. Dickinson proposed to a | prominent supporter of Mr. Van Buren that he should be nominated for the office ot Governor, and Mr. Dickin’ son be returned to the Unjted Sta'es Senate. Mr. Baards- ley was very active and open in his efforts to make the same arrangement with the friends of Gen. Dix. This pream! ins hunker convention, +f which Messrs | of her Whea | s the district delegates to the late Baltimore Convention se- lected the two State Celegates, Messrs. Dickin Beardsley proposed that the last named gentleman she be associated with Mr. John Van Buren as representatives of the State. Inthe State Convention of 1852, Mr. Bird | sall, the confidential friend of Mr. Dickinson, was known to be cordially co-operating with Mr. Van Buren to pre- care the nomination of a leading {ree soiler to the office of | Governor. | Mr. O'Conor also complains of the separate caucuses of | the ‘two sections’ at the State conventions; yet he | knows that while he took part in these very caucuses which he now finds it convenient to condemn, those who wished to obliterate all traces of former divisions protest- ed against the system of ad decause they would not participate im them, or be bound by them, im 1851, they were denounced in unmeasured terms. Sonor in his letter con- Is the position taken by Mr. Jeed with any sense, of sistent with a nice sense, sonal honor? He ad: tate (convention in 1559, held under the terms of the Union; that he reported the resolations, and took part im | making the nominations, and made no objection to them at the time; but he claims to lave been consistent be- ‘ause he bolted from them when he returned home, and united with the whigs at Castle Garden. The bolting may have been “consistent with his former course,” but was it honorable? When Mr. 0'Conor was elected to this convention, he knew that gentlemen would sit as mem bers who had opposed General Cass in 1845. Why did he go to a convention in which he knew they would sit? Why did he endeavor to procure the adoption of certain resolutions by the aid of their votes, or to be bind ing upon them in spite of their votes? Why did he seek th nomination of candidates whom he liked, aud te pl the whole united dumoc:atie party of the State under an obligation to support them, when all the time he meant to repudiate the whole transaction, unless every end’ he | went to serve, and no otlers, was aecomplished by the convention? Te have pursued an honorable course, ought he not to have said, “ As I am opposed to the union of the democratic party, and will not acquiesce in it, I can- po with propriety, sit in a convention which is organ- ised under the anion. Mr. O’Conor was, however, a can- didate for election to the Uaion State Convention of 1851, and he served on a committee of that body. In 1852 he was made one of the State electors by the ‘foul coali- ‘tion,”’ as associate with Mr. Piper, who was a Van Buren man in 1848. In the election of 1562 he attended public meetings, and identified himself with the union demo- eratic party of New York. Ile spoke from the same stand with General Dix and others, who bad supported Mr. Yan Buren. In 1803 he took office under the nation al administration with Messrs. Fowler, Cochrane, and others, But he was not made a member of the Cabinet and the office of District Attorney is not lucrative. He | has pow wed that the union of the party is a mere coalition. In hia communication, Mr. Bronson effects to be very much that he is called upon to ry out the ern yd President and his cabinet. Now, it is no- that Mr. Bronson ‘essed, in the most open and ‘anequivocal manner, his approval of this poliey, and his tion to carry it out, until the decision of Secre- Guthrie that the Collector of New York was not en- forfeit other profits beyond his salary of $6,000 per annum. Since that time he has carried on Sverilla contest against the administration. He has ppointed shells who were in open ition to it; inted' some barnburners; bat | has utterly that he was.a member of the | tl . He, therefore, accountability to the & wivisteation for his apy events, Certain gentlemen have been loud in their de custions Of those who repenind ia the canvention he “yrucuse in September Gey themecives made 4 the inaugural address of the President than the senti- ments expressed by Mesers. Beardsley and in the convention at Rome. It was at this convention that Mr. Dickinson made his remarkable anti-slavery speech, in which, among other things, he said : “ On this territo: rial question my position is this: I am, as an individual and a legislator, uot in favor of the extension of slavery ; but out and out, up and down, live or die, I am oppos:d to its extension’ I repudiate’ the institution in ail ited forms, sud in all places—whether at the North or South, the East or West—whether the bondmam be black or | white, and whether the limb cr the mind be held in ser tude.” Most abolitionists are satisfied with merely rep ing slavery, but Mr. Dickinson's intensity thro Garrison ‘and Gerrit Smith into the shade. H. pudiates it “out and out,” * upand down,” « The committee appointed te conduct the at Rome, upon the part of the hankers, consisted of Chan. cellor Walwcrth, Francis B. Cutting. R. W. Peckham, Samuel Beardsley, 8S. Bowne, and others. They proposed | to commence the negotiations by laying down the follow- ing propositic ns:— Resolved, That we believe that the people of the North Are opposed to the introduction of slivery into Territori ns wo deein it unwise i ti and cai fees porate it s8 of this S Have the resolutions since adopted at the State conven- tions been less rational than this? Look at the resolutions of the rst convention of the re- united democracy, beld im 1850:— Resolved, That the democratic party of New York are proud to ow their fraternity with, «nd their devotion to, t! great principles of the domoeratic party of the Union, as de- clared at the Mational Democrat ¢ ventions of 1540, INt and ists; aud they lok forward in hope and contidence te the complete triumph of that party in I Kesolved, That we congratulate the country upon cent settlement by Congress of the questions which hay ily divided the people of these States. ‘esolved, That the Sec ae of the State of } Wy dial support 0 im the State and national cevne'ls, These resolutions, together with others, were offered by Mr. O'Conor, voted for by him, and adopted by a majority of 65. Was'not thisa direct endorsement of the reunion of the democratic party and its candidates by that gea tleman, as well as the rest of the convention $ The same resolutions, word for word, were adopted in the unitec convention ‘of 1851. The convention of 1952 unanimously adopted the Baltimore platform, and— Resolved, That it isa subject of sincere congratulation and perfect concord is restored to the democrat- rty of New York, and thay it again speaks with one ts from a united will, amd meves forward to victory with 8 uniform and unbroken fro: t. The convention of 1853, the action and candidates of which are opposed by Messrs. Bronson and O’Conor, adopted the following resolutions :— Resolved. That we approve of the policy : indicate! by nt Pierce in the imaucurel moseage aud in the fe 5 ad the and will receive, our individ while faithfully adhering to uatic o the best intorests ef our country and to th of the demecracy of the State and nation, Resolved, That we reaffirm, as a and sottled foatnre of the political creed of the Wemooracy of adherence to the bread national position ¢: resolution constituting the Baltimore pl ‘une, 1852, and the ound aud patriotic declaration announced to the world in the inaugural addrets of President Pierce. hat under the sacred pledges of the constite- ter States possessing the institution of slavery are entitled to efficient remedies to enforce their constitu tional rights to she surrender of fugitive slaves—a right which the cemocracy of New York unhesitatingly recogaise aud are over ready honestly to ort; and that the lai force tie sate should ted’ and obeyed, not with a reluctance encouraged by t opinion as’ to their priety in a different state of society, but cheerfully an corc ing to the decisions of the tribunal te which their expt sition belongs, . Resolved, That the democracy of this State, having, im let- ter and spirit, adopted the principles embodied in the res in- tions of the national platform, now in convention, assembled, repeats @ portion of that platiorm, as indicating'a past com- Pact, and present belief, ie ninth seetion of the Baltimore platform is here in- serted:— Resolved, That Congress has no power, under the eonstitu- tion, to interfere with or control the domestic insticutions of a questions of slavery, or to take incipient steps iu thereto, are calculated to lead to the most alarmit Rerous consequences; und that all such efforts ha able tencexcy to diminieh the happiness of the endanger the stability and permanency of th relation and dai ‘an inev’ Reople, a 6 nion, aud not to be countemanced by any friend of our popular in- ved, That the democratic party will resist all at- at renewing, im Congress or out of it, the agitation of b Very question, under whatever pretext the attempt may be made. Since the union, have Messrs Dickinsop, Beardsley, Feckham, and the rest, deemed it necessary to expres eit abliorrence of slavery? On the contrary, have no ey and all others come up to the principles of the Balti- platform, and suffered the question to rest ? » not necessary in New York to discuss the proposi- © Bronson in regard to the superior morals of ueh, for example, as Sickles, Barr, and Burr. their association, no one has a rigbt to inter- taste or inclinations. The recorded history the ‘emocratic party of New York shows that its re- was brought about by the supporters of Kien. Cass ; ths t it quieted the dangerous agitation upon the atitutioi ; that it restored the ascendancy of cor- i principles in a mumber of States ; that it York democratie egainst the strenuous eflorts o vickinson and his friends, and contributed largely to the success of Gen. Pierce in 1852. All this has been aa ned by the re-union of the democratic party, and evecy Comeerat may well look with distrust apon any one who seeks to desiroy that re-unicn and revive a sestional party. JUNIUS. THE HENRY CLAY STEAMBOAT CALAMITY, United States Cirenit Court. Before Hon. Judge Ingersoll. Oct, 25.—The United States ve. Thos. Collyer, John F. Tat | mon, John Germain, Edward Hubbard, Jas, L. Jessup, James Elmendorf, and Charles Merritt Merritt has pot appeared during the trial.) Purstant to adjournment the Court met at 10 o’closk. | The first witness ealled was William N. Wilkes, exaiained by Mec. Danning, who de- | posed—That be lived in the town of Beth in Albany | county; I have lived there in the neighborhood of twenty years; | was employed on board the steamer Henry Clay as fireman; I was employed by John Germain; I was eni- ployed on’ beard the Clay for thirteen or fifteen day: they were in the month of July, 1852 I ceased being fire- man in July; I went xp on her on t ly; I ceased to be firem: th; I went t y in her on the ; I hed beem aa from thirteen to fifveen days before I left her. Q.—Who were ficers having charge A—Capt. Tallman. [0 x to, admitted. ] A—dJohn F. Tallman, Capt; John Germain, E ie; Jessup Charl I think his nam: ik here in court; I do not know his given name. 1 fer de: t admitted that it was James L. e pilot; I nd went ¢ up in the Clay to Albany on the 2 ; the officers I e just spoke were the her ; Tsaw Mr L ¢ that day ; the Armenia dropped as:ern of us on Lith, as we were going to Albany ; the Armenia went | to Albany that day; the Armenia left the doca first on | the ¢ Q.—Did you hear any conversation bet! Mr, Collyer and Captain Tallman on the 27th in respect to the speed of the boat? A —I did not hear anything abou: the speed | of the boat, but I heard Mr. Tallman say they intended to beat the Armenia on the trip up. Mr. Jordan objceted to the testimony, as it had refer- ence to arother transaction. Mr. Dunning said he intended to connect it with the trip down. Mr. Hail seid the evidence had reference to both trips. [Aemitted. } Witness continued—! heard Mr. Tallman say to Mr. er thet he intended to beat the Armenia up and n. ror—Did Mr. Pollyer make any reply to thi —I heard no reply. Mr. Dunning—Collyer and Tallmen at tha! time | stood forward of her boilers, on the n eck; the A rp enia was pretty near the + urther off on the westerly chore Q—At what point of the ricer wa just above York here; 1 was at the bi J dock at Albany on the morning of the 28th ; I saw Me, Coll yer there; he was at the gangway: wien the boat left ‘Albany I said to Mz. Collyer, “She won't reach York Mr. Wheaton—Is he a prophet? Mr. Dunning—He seems to have prophesied that day. Mr. Wheaten—A prophet hath no honor in his own | country. Q.—By Mr. Dunning—Why did you leave the boat; why did'nt you continue ax fireman ? A anse I did’nt think she was a eafe boat. Q—Did you at any time while on board observe the ia spector’s certificate? A.—Yes sir; it hung a litidein front of the engine room on the larboard side; she was permitted to carry thirty pounds of steam by that certificate. —W ou in the habit of observing the steam guage while fireman on board A.—Very often. Mr. Jordan objected to the testimony of the guage while he was on board. We object to it be- cause it was illegal, and we are afraid of it because we know the witness. Mr. Dumning offered to show their habitual custom in carrying more steam than warranted by the certificate. The Court did net see that it was connected with the transaction at issue, and ruled the question out. Mr. Dunnixg asked the Court if he would be permitted to show by this witness that the vessel took fire on former occasions, And then it would be for the jary to say whether it was from the improper structure ef the boat, or some defect in the machinery or boiler? ‘ot admitted. examined by Mr. Wheaton—Q.—You used to live with Mr. Mott, near Albany’ \.—Yes, sir, Mr. Wheaton-—I thought you was the man. Witnerr—I lived with him a couple of years; 1 rever was arresteil for stealing; I have no brother of the same rightly on | Christian + me; I have two brothers; T was in his emy ix or even years ago; I have worked for him since then but nov hy the month: t have worked at + tbIngs for the lvet year, Twas on the Green be le ax detk hand ve ly went in anether ne on he rivers T eaine vell all the suae er; mer ng anil planting, prett apart on tina tee wad vile mge bier OF toy | sand Jucy, | remarks; it was out of New York a little ways, I heard the | cown to breakfast. wore te do the bunsees, {laf the Boat because tougit Qe wil it myself. se .—Will you wear that you didn’t? A—l 't recollect about it; I did not know that an assistant was em ; I always thought I was able to do my own work; I did not know another person was em) ‘to do my work. Q.—You say you were afraid to remain on the boat; what were you afraid of. Do you decline to answer? A.—As faras I uncerstand the question, I do sir. Mr, Dunning said that he wished the question to be ex- plained to the witness. Witness, to the Judge—I do not understand what he means by ‘‘decline.’’ Jud, rs A.—No sir. To Mr. Wheaton—The reason I left was that I was afraid of my own life; I never have been an engineer on board of @ boat; I have been in no, ether capacity but deck hand and fireman on other boats; I was first an on board the Isaac Newton in '52; that was before I was on the Henry Cl: not leave her use I was afraid of my own life; because I was unwell; I went back to her again, and left her again after the 4th July; I can’t tell exactly how long my illness continued. Q—Dou you mean to swear you were not discharged from her? "A.—Yes, sir, Ido: it was a cay or two after [ left the Newton that I went on board the Clay; I was not Jong sick; the first time I acted as fireman was about the Ist of May, 1852, Q—Did you mention to the Captain, or either of the ofiicers on board the Henry Clay, the reasons why you leit the bat? A.—No, sir, I didnot; I ceased working on board of ber here in York; I shipped at Albany; I think I quit work on the 26th, between the hours of three and five in the afternoon. Q.—Did you give notice to any of the officers? A.—I told some of the firemen; I gave notice to Charles Jes- sup on my way down from Albany. Q—Did you swear before the - eee Jury that the ren sen you quit was the fireroom was so hot, it being under the deck? A —Wont say; I am not certain; I don’t re collect that I swore anything before the Grand Jury about quitting, because I wad afraid of my life; I don’t know for certain who was the fmt person I told that Iwas about quitting; | was not before the Coro- nor’s Jury; the first jury [ was before was the Grand Jury in this city. Q—You went upon the 27th, as a passenger? A.—I went up to get my money; I went to Albany; I did not land at Newbu stood on the ferward deck when I heard the conversation between Mr. Collyer and Tallman; there were others around; I recollect one of the firemen was on the forward deck; his name was Daniel Brown; don’t know that he was near enough to hear the conver: sation; I was standing on the forward deck; I was doing nothing; I did not see Mr. Collyer and Capt. Tallman when they first came up together. Q—Was not Capt. Tallman sick that day? A.—I don’t know, sir; I saw him on deck that day doing his duty. Q—You are sure of that? A.—I saw him around, sir; I do not know bow long they were talking to gether; they stood together about five or ten minutes; T heard those few words I told you; I was about this distance (10 or 12 feet) from them; the boat was in motion at the time; I was passing by them when I beard the conversation; heard nothing but those eonversation; I think a little this side of Harlem—Man- hattanville, T mean to say; I had served as deck hand before that, eitherin ’51 or ’52, an the Oregon; it was before the H. Clay'was burned, or thought of being burned; I was two or three months on board of her; when I told Mr. Collyer that the boat would not reach New York, he was stand- ing on the after gangway; I was on the dock. Q.—Are you the man that poured the cainphene down her boilers? A-No sir-ee. (Laughter.) I would like to know how you would get camphene down the boil Q—Is there no grating over the boiler? A.—I never ob- served it, that‘ recollect; probably there is—if there is, it ia all wood; I don’t recollect that there is a grating over the boiler, so as that I could pour camphene there; I never prophesied before that a boat would not reach New York: Tenly said so, but [ had no idea that it would be so when I said it; I won't say oxactly what the boiler was covered with; I did ret pay anything for my passage Up; I went to some ot my ‘olks when f got to-Albanye= seme of my acquaintances. Cross examined by Mr. McMahon—I was sub three or four times; I was firet subpoenaed last fall. Q— How did you come to be subpanaed?—didn't you go to the District Attorney's office? A —Not until I was sent for; I don’t think I was here more than three or four days at that time; I was on tho Newton some three or four months since I was subpoenaed: I was on the Newton before this accident bappened, and after it; I was next subpanaed I think, in Javuary;'I don’t think I was here more than four or five days then: I went home sick; I hed been sick for some time; T had taken cold, and it had set- tled all through me. Q.—Had you been taking any mer- cuty? A.—No, unless the doctor gave me some while I was lying sick-a-bed: after that I was driving a team for my | brether for about sixty days; Idid not go back as fire- man, because my health would not permit it; I have worked at different work since. .—Did you work any two weeks togetber since the sixty days? A.—Oh, yes, | sir; yes, sir—(Langhter); I was next subpoened in Jane, then went home, ard was ploughing: I was firemen in all two n onths before the accident: I take a glass once ina while; 1am not in the habit of getting drunk. Q.— n't that one of the complaints mde against you? A. , sir, never was such complaint made ‘agains’ ax to the remark, I heard it whi ssing Mr. Collyer and Mr, Tallman; Taliman said to Mr. Collyer, ‘we must beat the Armenia up and beat her down,” that conversation took place right forward of the boilers on the mair deck; 1ot more than three or four or five feet farther than the boilers; Q.—Was it in either of the gang ways? AJ It was about the centre of the boat; they were standing together. Q.—What way did they ‘look? A.—They were looking to the west towards the Armenia; the Armevin was farther ont in the river to the west; the Clay war a lit#le alead of the Armenia at the time; Q.— He was Isohing towards the west? A.—I think towards the westward is a nigh as you can get it; I don’t know to whom I first mad@mention of that remark; I believe Tdid ngt before theGrand Jury give eviderce of euch re- can’t sey why I did not; Captain Tallman, Ithink, hadona black dress that day; I won't say for certain: I can’t say whether it was cloth or bomabazine; I think it was a black hat he had on, or a white hat with # black band; Iam pretty sure he ‘didn’t wear a cap; I don’t know that I ever saw him with a cap on; Mr. Coll- yer, I think, had ona drab coat; I won’t say what kind | of pantaloons; after I heard the’ remark I wert forward; I can’t tel) how long I remained forward; can’t tell if 1 rempined forward an hour; I was backwards and for- wards on different parts of the veseel; Iam certain that 1 did not land before I got to Albany that day; I saw Capt. Tallman on different parts of the vessel; after we left Newburg, I saw him on deck; I wont say that I saw hia on deck between West Point and Newburg; the vente] landed at Poughkeepsie that day; I think I’ saw Capt. Tallman when we were at Poughkeopsie; I am pretty certain I saw nim at Hudson more than once; I thivk ] saw bim perform his duties as usual after we left Poughkeepsie; to my best recellection I think I did; Lean read, but I ean't write; I can read | writing if it is very. plain; if not, I can’t Q.—This certificate which you #aw, was that in writing? A.—Part in writing and” part in print; [don’t know tht I saw any cartifieate in front of the captain's office; | I saw it in front of the engine room; Ican’t recollect any. thirg Isaw in that certificate except thirty pounds of 1a: T could not say for po who’ signed that certi- mes; could not say when was vuld net tell what day of the week t think I was more than once bafore the yi I don’t recollect thst I swore before the Grand Jury that I saw Captain Taliman at the gangway when the boat left Albany. don’t you recollect that as well as other You Will often find it the ease that a person will recollect one thing end forget another. Cross examined by Mr. n—] don’t know William Radford; L could not say whether he was on board the Henry Clay on the 27th, as I don’t know the man; I havs heard of a man named 'Belknapp; 1 don’t know him by sight; I ean’t tell if he was on board. I can’t sey whether it was at North Moore street or Zarrison street the vessel was wharfed at; I could show you the wharf, but I eould not tell you the name of the street; I don’t know where Radford’s store is; can’t say I ever was there, Q—Do you know whether Radford was agent for the boat or not? Ai coulén’t say, only I heard the engingcr say he was sn owner; Isaw the Armenia go out of New York that morning; the Clay was a little ahesd; they were far apart: the Clay landed at Hammond street dock; it was after that J heard the conversation; I couldn't say Low soon after sho Janded; I ate one meal on board the Clay; I believe it was Cipner; | won't say that! had breakfast before I started; I am pretty sure I didn’t; I don’t know what hour they had fon board; I don't know that Mr. Collyer and Tallman went down to breakfast immediately after they left Hammond street dock; [did not see them go Q—r you know that it is the custom to have the dy, and for the officers to go down imme- leave the Hammond street dock ? A.—I could not say when breakfast was an- i that day I could not say whether it was before v breakfast I heard that conversation; the Armenia Was astern of usa little when we left the Ham. mond street dock; she did not pass us; she did not Iand at ilommond street, 1 guess the first place she landed was Co dock Toa juror.—The Armenia left the dock at the other side where the company’s boats start from; I don’t kuow the name of it Juror.—If you had been a fireman on board the Now- ton for two months, you ought’to know some of the decks. Witness continued—The Armenia started before the Cisy; she was out of her wharfas the C, went out ef her’s; Iwon't say she was out of her wharf first, but Ido say the wae out at the end of the wharf when the Clay got out of hers; the Clay was ahead of her at Hammond street, when she took in her plank; I wentto Van Welse'’s, in Albary, when I left the boat. ir-ee; they lives ‘at 151 northwest from the Clay’s dock. locality of Broad street, Albany.) Can't state pouttively whether I begs oom at Van Weise's or Schoonmaker’s that (Witness desoribed the night; 1 got down to the Clay’s wharf next. morning be- fore Fix o'clock; I had no business there, but went down; Thad no business with any of the officers; I was not on board the Clay that morning, that I recollect. Q—Do you swear a that you were not? A.—I don’t think Iwas Mr. Jordan—I put the question to you again. Witness—tI tell you I don’t think I was. Q.—Will you swear that you were not on board of her that morning? A.—1 will not swear that I was not, and I told youl could not swear that I wae; she lay with her aside to the wharf, headed down, Q.—Did you see anybody go on board that you koow? A.—! saw Mr. Coanor-and his wife; they areal’! recoltect that | knay: | stood on the wharfa little trom the gangway when they went on board, prows- bly Gifteen orftwenty feet from the gangway. it wasn't over fifteen or twenty minutes before the bunt started after Connor and hi’ wif went on board; | could not say where nent to the bost started, | might have walked ecouad, . Q—Had you started from the place where zn were bay Connor came, whem you made this remark to Col- ‘A.—I don’t think I was much from it; Mr. Collyer stood at the gangway when addressed him; the gang. e “ow afraid of your life whe t .—Were you afraid of your life when you went up on the ath. = 4 : Witneas.—Wae I? Mr. Jordan—Answer the question. Witness.—I was afraid of my li'e on that day; I don’t know what other boats went an oe day; the railroad cars went up, the Harlem and the Hudson; { made the re- mark to Collyer as the boat left the wharf; I don’t know whether my back to eard it; I was pot Mtanding with Connor when he came to the boat; or came from Broadway down to the steamboat; I couldn’t tell which street he came down, but I saw he came from Broadway. Q—You saw him come from Broadway and go on the plank and you can’t say whatstreet he came down? ‘A.—No : you couldp’t tell. He could come down Lydia street or Hammond street ; I saw him cross lots with his wife to come to the boat ; I was faced to the stern of the boat when I saw him ; I was facing northerly ; 1 was then a little south of the boat ; I was near the forward gang plank ; I had not been om the gang plank that morning that ‘ recollect ; there was a forward gang plank out that morning. Mr. Jordon—I won't inquire of you if that gang plank was opposite the boilers. How near to the gang plank did you stand? A.—It couldn't have been more than fifteen feet ; after Connor came I moved aft ; I won't say I was ten feet from it: 1 don’t think the steamboat was fifteen feet from me when I made the remark to Collyer, for I stood right “on the edge of the wharf; I won't say how far I was from the edge of the wharf when Connor came; I could’nt have been over three or four feet; I don’t think I was over an or three feet fyom the wharf when the boat started. Te a Juror—It was two or three feet from the string piece, or edge of the dock. ‘To Mr. Jordan—I was within two or three feet from the forward gangway; I can’t say how far it is from the for. * ward gangway to the after gangway; I don’t think it is fifty feet. Q. Don’t you know that the wheelhouse, the barber's shop, the water wheelhouse, and water closets, are be- tween the two gangways? A. There is but ore water cloret. Q. How far is it from the stertfof the water wheelhouse to the stern gangway? A. I think itis not over ten or fifteen feet; 1 never measured the distance, and I won’t swear certain, Q. Do you think it is over three feet? A. Ishould think it was, sir; a number of people stood at the gamgway when Mr. Collyer was there; ‘don’t recollect knowing anybody that was there. Q. How did you address Mr. Collyer? A. I said ‘‘she will never reach New York; that ig the way I addressed him, and that is all I said; I don’t recollect anybody else spoaking a word at the time; I don't recollect that Collyer said anything; he made ‘no reply. id Jordan—Then we have it that whem the boat was leaving, you said sbe would never reach New York; you said it to nobody and nobody said anything to you. ' Now tell me, didn’t you swear before the Grand Jury that you had teen on board the boat that morning? A. 1 don’t recollect. Q. If you swore to it, was ittrue? A. T always swear to the truth; if I swore I was on board, it is true; I don’t swear to a li A Juror—How came you to go up on the Henry Clay that momiag? ‘Witness—I went up to get my money; there was money due me. To Mr. Jordan—Conner was no relation of mine; I was acquainted with Connor, not his wife; there was no inti- macy between Mr. Conner and me; I believed the boat would not seach New York as I said; I made the remark to Mr. Collyer; he 't seem to make any answer; I didn’t halloo to Mr. Collyer. Q. Did you swear before the Grand Jury that you were on board the Henry Clay that morning, and that you jumped ashore as she started? A. No sir. To Mr. Dunning—The Armenia commenced running to Albany om the 27th of July; that was the first trip she made; she took the place of the Reindeer. Mr. McMahon asked the Court to order Wilkes to re- main until the conclusion of the trial, The Court as- rented. jordan ruggested that if he should not remain, testimony be stricken out. Mr. Hall said he did not know any instance where the Court would interfere with a witness for either side, or cor pel his attendance. The Court said it was in the discretion of the Judge to direct the witness to remain; he is subpenaed here asa witness and he will remain, Mr. Hell said that the Prosecuting Attorney is to certify that the witresses attended tosuch a day. We cannot certify that Wilkes attended for the prosecution for three weeks to come. He submitted that the Court had not the ower. : : Wilkee--I want to say to the Judge that my family are sick at home, and I can’t stay. Judge—The counsel should say what object,they have in view in detaining him. Wilket—If they telegraph me I will come don. Mr. Jordan--You must stay until the Judge decides. We expect to prove by several members of the Grand Jary what this map swore to. Judge—Can you examine the Grand Jury on any mat- tera that come before them ? I apprehend not excapt on a tslal for perjury. Mr. Hall read the oath administered to the Grand Jury, in which it says, ‘all of which you shall keep secret.” Mr. Jordan said that whee a man was indicted for per jury, the counsel did not mean to ray the Grand Jury could not testify. The Judge—That is an excepted case; but you canaot examine the Grand Jury to contradict a witness. Mr. Jordan said they also expected to prove by a wit- ness that this man was on boerd the Henry Clay that morning, and he will be able to identify him. ‘The Court permitted Wilkes {> go, as his wife was sick, Mr. Hall promised to notify the witness when he was wanted, and he has promised to come back. James F. De Peyster, examined by Mr. J. Prescott Hall, deposed—I was a passenger on board the Henry Clay the dsy she was burned;1 came on board at Newhurg; on coming on board I met Mr, Gourley; I took my seat on'the after promenade deck, and remained there reading until I was driven away by fhe falling of small coal; I was so an- noyed by the falling of the cenders that I went below in front of the ladies’ saloon, and took my seat there; I was reacing and fo continued until there was an alarm; first I did not know of what, but soon I discovered {t was sn alarm of fire; the excitement was beyond anything I hadever seen before; almost every passenger wason‘his feet, and the noise reminded me very much, as I stated before, the Coroner’s jury, of a hive of bees; I have been fre- quently on board’ boats when alarms were given; I went forward and heard a person at the gangway ordering the people to go aft; Tasked him, ‘what is the matter, what in the row?” he said, the awning is on fire, and there is no danger; not doubting him, as I believed him to be one of the officers of the ship; I went back to the lady pas- sewgers and endeavored to allay their excitement; I told them Iwas assured by the officers that there was no dsrger, and that their safety depended upon their being quiet; then turned and met Mr. Allen, who asked me what we were to do; I said I thought there was no danger; he thought there was; I went up, and the smoke was so dense I could scarcely see: I’ssked a hand whero was the fire, and he suid below; there was then a cry that the boat was sinking, and my idea was that she was sink ing; previous to that I should say the sigoke was increas- ing rapidly, which made it impossible to breath; believ- ing the boat to be sinking I got on the upper deck, still ignorant of the boat being ashore; I pulled off one boot and was in the act of pulling off the other when I ascer- tained the boat was on shore; smoke was about the pipp on the starboard deck: though I saw some pas- Fengers go ashore, I providentially decided to remain where I was as I could swim; [carried a bench which I had in my hand so that 1 could take the water; 1 saw persons throw over the baggage; I sat down and put on my boots, not doubting that every passenger could be saved; I then looked after my bag- gage. but afterwards concluded to dropdown, and [ after- wards saw those passengers whoso fears I had previou-ly attempted to allay, in the position that we all knew. pre- vious to that I was perfectly calm, though subsequently I became much disturbed. Q Did you see any of the officers assisting the pas- sengers? A. Not one, sir;'not one; the only eflicer I saw was the person whose order we obr yod; I saw some of the pas- sengers dead, but nove that I knew; Mr. Allen was lost, but I didn’t see him. Crovs-examined by Mr. Wheaten—I have not the least ilea how long I wagon the promenade deck, and as an instance, I will tell yeu, that when I thooght balf an hour had elapsed, 1 found it was only five or six minutes; the cinders dropped into my book. Was there not a good breeze? A. I foundeno dis- comfort from the wiad; the boat went nearly perpendicu- lor on the shore; the wind blew up the river; I observed nothing else uniil the alarm of fire; I have been in the habit ¢f frequently going up and down the river, that was one reason | did not observe at first, as Twas reading. . Were you never annoyed with cinders falling on any osher boat? A, I never recollect being as much annoyed with the falling of cinders.as I was on that ocasion;{ have not the least idea how Jong | was below when the alarm was iven; I don’t know that the person who rpoke was either of the defendants; | only know he was an officer from his speaking with authority; he told the passengers -to go astern: come of ihe parsengers were desirous of going for- ward; but they were horangwed too forward; they were ordered back; the man who gave the order aa folated out in court to me, but I don’t pretend to know him was the ame man who said the awning was on fie; T only heard the one man speak on the subject; I returned infront of the ladies’ cabin and told them what [ was asrured by the officer; when I turned from them I met Mr. Allen: after my conversation with him I went on the upper deck; it is impossible to epesk in regard to time; I was the last person that left the promenade deck; I saw no persom there but myself; in passing to the forward part I did not get burned at all; the dame was turned after I was there a litWe time the wind blew the fiame up the river, and I then saw the passage. Te Mr. McMahon—On the a, that thre boat was sinking, Pl up on the promenade deck ; the boat was then on shore. To Mr. Wheaton—I did not know any one of the officers until {raw them at the Coroxer’s jary. To Mr. Jordan—I did not see any of the persons go over into the water ; I was engaged in front of the joa’ me loon ; the moment I got on shore I disc in persons the water ; I did not discover persons in the water before T got on shore; wien I got on shore the boards of the fence had been taken Lise 4 to aid them in sqving the lives of those ia the stern of the vessel ; there were seve. rel persons engaged with those boards in endeavoriag to pave the passengers. Q. Did you see any means on shore toa 1 persons fo the water except #)cl as were weed A, I looked around and saw mong; {ode sot kare Me Collyer. Q. Do you recollect seeing a geotiy ni ua the water with balf« doven boards jing them out to the 9 who were in {he water? A. That had all beea done got on chore; there board: : I don't keow that (hey weep gllogy who pashe cer to direct; the situation of the vessel was not known to the passengers. Q. Did you make any effort to gat the gentlemen to go forward, or to get them to do anything? A. I can’t answer the question, for there was no effort to be mace, Q. pagent or did you not? A. Unquestion- ably Idid not. Q. You were self-posscased. A. I con- fided in the officer, and believed there was no danger; I was perfectly self-posseased. Q. You were at libert tal bucket if you wished, and what more could an officer de? A. I mean that it was the duty of an office eome and tell the passengers to go forward; if that had been done all the passengers conld have escaped as I did. @. Why did you not tell them so A. It was too late; I think it run the vessel up a3 far ashore Q. I want to ask you whether the wouldn't have a powerful tendency the vessel on shore? A. I dor’t think that would make amy difference; Iam. not acquainted with the place; I found the water was very deep at the stern of the boat; I did not see a man jump off the stern when the vessel was in the river. Q. Suppose at the time there were forty persons in the river, do you think the officers were to blame im trying to get boats or planks, or anything to save them ? ‘A. On the contrary, sir, I should think they would de- serve all praise. Q. When the flames got entirely past control, what could the officers do? ‘A. When the boat was toward the shore, I presume there was no hope of putting out the flame; if some of the officers were engaged in j utting out the flames, surely it was the duty of another officer to tell the passengers what to do; if the barkeeper had come cr any person speakirg with authority, it would have been enoug®. Q. Ifany one sid, “go forward, its the only means of safety,” would you consider that “with authority? A. Tt would aJl depend upon who it came from; I woul | have obeyed it if it came from an officer or a gentleman; | would not if it came from an inferior man Q. By Mr. Hall—If a person with an air of authority told them to go aft would it not be oxeyed? A. It woul, Q. If the same man who gave the order to g> aft had come and in the same manner gave the order to go f ward, would you not have obeyed it? [Objected to and admitted, A, Undoubtedly, and I have no doubt the other passen- gers would have obeyed it. Q. By Mr. Jordan--If this gentleman (Mr. Ridder, ) had given an order to go forward would it be obeyed ? A. It would depend upon whether he gave it with the air of an officer; if he had come forward and said that the officers told him to desire the passengers to go forward I have no doubt it would be obeyed. Mr. Jordan. ‘Then, sir, fT prove that he did give such order, Witness—I was on the main deck, and I heard no such notice or order at all; there was a large pile of baggage on the foward deck. Q. How many of the four hundred passengers could have stood on the forward deck? A. Ican give no opin- 1on on that; I should think more than fifty. Q. Could one hundred? A. I can tell nothing at all about*it. Q. Suppose the forward deck had been fully crowded, do you think the officers could have got out the gangway plink to.save the passengers? A. 1 think not, as we ‘were some little distance from the land, Adam Murray examined by Mr Dunning, deposed : Tlive in Chicago; Jama dry gooda merchant; I have resided there four years. Q.° Has your business led you up and down the river? A. Not lately; I was on board ‘the Henry Clay the day she was destroyed ; I came on boardat all right for them to hey did. ngers being aft raise the bow of Albany ; continued on board until her destruction. Q. ‘Had you any of jour family on beard with you? A. Thad my wife and child. Q After you left Albany did you observe any thing among the officers. ; A. Merely the hurry of getting passengers on board, and getting ready to start; that attracted my attention at the time ; sometime before we came to Kingston the boats came in contact with each other; the Henry Clay went in a slanting direction towards the other boat, and ene her between her and the shore; amd there was con- siderable exeitement. Q. How did that excitement manifest itself. A. The ladies were crying, and some of ther fainting. (Chjected to.) Q. De you know were any of the offers spoken to in reference to the management of the boat ? A. I myself spoke toa person in the Captain's office; I took dim to be'the captain; I bought my ticket from that person; I don’t know that I could know Hm now, tt is suchje time since, (looks around,) there is a gentleman there very much. resembles him, (pointing out Mr. Jen- sup,) I faid to him that it was a shameful thing for them to be racing; he said there was no danger; he said, “are you afvaid?’’ I answered that 1 was no: afraid myself, but the Indies on board were afraid; he said there was no danger, and that every officer on board valued bis lifeas much as any gentleman or lady on Board; he sald, on my further arguing with him, that he wished people ‘wculd mind their own business; that is all that Iremember to have parsed st that time; I was on the promenade deck that cay; I observed that the ma- chinery was remarkably hot, throwing out a great heat; that was about 2 o'clock, as'near as I'can recollect; my actention was directed, Curing the passage, to the speed of the boat, orI observed it myself; I observed she was going fayfér than apything of the kind Lever saw before; 1 remember it lasted all the time siace we started to overtake the Armenia; where the collision took place, my attention was not called to the speed of the Clay, until she crossed the river towards the Armenia, and even after that she contiaued the speed; [ don’t know any of the othe: officers but the one I bought my ticket from; I found him very civil until he told me that he wished people would mind their own business. previous to the alarm of fire, my wife went down to dress the child, thinking we vere within fifteen milea of the journcy; I then went to the water closet, and on opening’ it saw smoke; I then turned round and aw smoke in the passage, and in the passage where the coals are thrown down; I then went down to the cabin to find my wife and child, and the diniag cabin was full of smoke, and I had difficulty in finding her; my wife was crying for me; we came up, and there was a difficulty, and we could not get forward; there was a cry of fire, and an order for all to go abafty'l stayed abaft; I did not hear, after that order any other order or com- mané by any officer of the boat; that was the fatal orcer. Q, Vid the passengers remain abaft in consequence of that order? Why did you- remain there Objected to. [Admitted.) A. Iremained there after I got the order, for the sim- ple reason that the fire got so strong I coulin’t leave it. Q. At the time this order was given for the parrengers to go aft, were the flames in such a condition that the Passengers could not pa ‘A. No, sir, they were not; it is impossible to say how long it was vintil the flames were so that they were im- pasrable, a minute or two weuld be a long time in such a position. Q. Why did you remain in the after part of the boat from the time you got the order? A. Lintended to go forward until I got this order, and Tremained because I expected something was going to be one At this stage of ths procoodings the Court adjourned te 10 o’clock Wednesiay morning. eee ee Sn Ee FINANCIAL AND COMMERCIAL. MONBY MARKET. Temsay, Oct. 25—6 P. M. There was a pretty active market this morning in Wall street, and most of the fancies were moderately buoyant. The bulk of the sales were for cash, and at the close high- er prices ruled. New Jersey Zine advanced 34 per cent; Delaware and Hudson, Norwich and Worcester, '{; Nicaragua Tyansit, 3;; Pennsylvania Coal, *<; berland Coal, 14; New York Central Railroad, ‘4; Erie Railroad, 14; Harlem, 1{; Reading Railroad, 14; Hud son River Railroad, %{. MeCullock Gold declined '< per cont; Canton Company, 4{; Morris Canal, 34; Hanover Bank, 34; Tllifiois Central Bonds, 14; Michigan Central Rail- road, 1; Florence and Keyport, 1; Potosi Léad and Gold Hill sold at prices current yesterday. There is still a wide didlerence in prices on time contracts, bayers’ option, showing no let up in the scarcity of money among specu- laters. There was a sale of Harlem preferred stock to- ay at 99 per cent, seller six months, For an eight per cent stock this isa verylow figure. Railroad Bonds are unsaleable at any thing like former prices. New York Central Bonds were weak to-day at 90 per cents The director of the United States Mint, Philadelphia, has given notice that silver coins will be paid out at the mint in exchange for gol coins, in sums not Jers than one hundred dollars of any one denomination of coin, and im larger amounts, at the option of the director. With the view of facilitating the distribution of the new coin, and enabling the banks, brokers, &c., to supply themselves with as little expense and onyenience as possible, Messrs, Adams & Co. are prepared to receive orders, ac- companied by gold, or drafts on New York or Philadel- phia, obtain the now silver coin, and forward it either by their own etpress, or by other companies, to every city and town in the United States accessible by express or other safe and responsible conveyance, The Baltimore and Ohio Railroad Company have ad- vanced the tariff of charges for the transportation of ooal fifty cents per ton. This change takes place on the Ist of November, At the mining board to-day the sales were as follows :— 400 Gold Hill,.......830 4 200 Ulster Lead. 100 do 83 4 BO N.C. Coppel Geo. D. Lyman, Esq., Manager of the New York City Banks Clearing House, has given the following report of ita business up to the 25th of Ootober :— Amouat of receipts from October-11 to 28d, inelusive.......... ws sees Receipts for week ending 224 inst. \ 122}439,755 61 Do. do. Monday, 24t! 2 28,925,164 70 Balances received and paid from Oct. 11 to 12,362,882 37 22d, imolusive...ssssesses sees seen cree se Balances received for week ending 22 inst 6,063,714 96 978,065 99 Balances received on Monday, 24th....... ‘The receipts at the office of the Assistant Treasurer at this port today amounted to $159,608 89; payments, $282,607 87—balance, $7,938,203 18, Tho bond question has been pretty effectually disposed of by the voice of public opinion on beth sides of the At. lantic, There are no more markets for them, aod they beve no pactioular value, They bave bad theig dey i 2% 4 ie the Gnancial world for the present, but the end has aot come yet. There is yet another chapter im the story be- - forewe come to the close. The capitalists of Europe have as many as they can tabe care of, and if they get the interest on them andin full they will be more fortunate than we dream of. The brokers or baak- ers who have palmed off upon foreigners these securities have made # good harvest, and can afford to wait for a time for another financial campaign of a similar charae- ter. It is true, that most of these corporation bonds, issued for railroad purposes, have been sold at enormous sacrifices, and the rate of interest paid upon the amount invested will, as long as it continues, be a large per cent; but that will not make up for the ultimate loss. About fifteen years ago a similar movement was made ia the issue of State bonds, and they found ready markets, at good prices, on the other side of the Atlantic, For atime they were a favorite investments, and whea any one asked the Rothschilds on the London Exchange what was a good investment, the reply invariably was, “ Ame. rican Bonds.” The Barings during that excitement were largely interested in these securities, and they bo. - came very well distributed throughout Great Britain and the Continent. At last there came a collapse, and the credits of several States of the confederacy became com- paratively worthlers. Delinquency and repudiation fol- lowed, vestages of which still exist. In the face of all this, with all this experience still fresh in the minds of capitalists and financiers, we find them engiéged in the manufacture and disporal of bonds of an inferior class, for similar purposes; the advancement of works of internal improvement. ‘These bonds are unconstitutional in their issue, unguaranteed in their security, and without resour- ces for even the temporary payment of interest, but those derived from competitor railroad companies. State bonds had @ basis which these corporation bonds never have enjoyed, notwithstanding which they were swept away by the revulsion like so much chaff before the whirl- vind. It is not difficult to foresee the conclusion of these movements in the financial world, For the purpose of ensuring the construction of rail- roads throughout the Weatern States, the people have net opposed any financeering that did not take money directly from their own pockets. Their rulers for the time have, through the various influences which have been brought to bear upon them, availed themselves ef their temporary official position to afford the desired facilities, and the public credit has been freely extended to the most Quix- otic enterprises. Financiers stood ready to take the evi- dences of indebtedness created in this reckless’ way the moment they were put in shape, and put them on the market, Millions upon millions of dollara have been worked off under the hammer, and every scheme resorted to that the imagination could conceive to attract per- chasers, They have unfortunately been too successful ia their management, and those who have been duped will sooner or later realize the worthlesaness of the prettiig engraved promises to pay packed away so carefully ia their pocketbooks. Although the times are out of joint, so far as speeufa- tors im paper sccurities are concerned, the country at large is in a sound, prosperous condition. The peopleare comparatively rich, prices for produce rule high, and they can afford to consume more of the luxuries of life than im ordinary times. Many s double eagle and doubloon is pat away in some safe place in the dwellings of the mechanl- cal, manufacturing and agricultural classes, where before there were, perhaps, to a small amount, bills of fdoubtful banks, or what was, perhaps, worse, emptyness. This prudence and economy on the part ef the masses has put them in a position independent of all bank expansion or contraction, and placed their resourees in an extremity, upon a foundation; which ordinary re- vulsions cannot shake. The grand sources of all national prosperity are sound and healthy. What the people legally owe, they are able to pay, and those who depend upon that ability have a resource that will not fail them in time of trial. In 1837 a different state of things ex- isted. The masses had, for several years previous, been extravagant beyond parallel, and their means of payraent were the paper promises of banks, which failed to redeem them. Their ability to meet claims upon them suddenly disappeared, and the effect spread rapidly throughout the coustry. Bankruptoy and ruin stared every one engaged in commercial pursuits in the face, and distrust was en- countered at every turn; and but for the partial payment of our erormous importations, in public stocks, the revulsion would have been individually more disastrous. Public in- debtednens was, to a very large amount, substituted for in- dividual obligations, and the effect therefore less paralysing upon the enterprise and industry of the country. Publis éelinquency and repudiation had no influence upom im- dividual ressonsibility, aud the recovery, although slow, sas inuch more rapid than it otherwise would have been. In this particular, the present is somewhat similar te the past. The markets found abroad for our rattrOWd bende and other public securities, have enabled us to pay fer # portion of, our importaticns, which but for such facilitles would have rested upon private credit and involved indie iduals in serious (difficulties. So far as this goes we have no fault to find, but it does not make the evil less 9 burden uponthe community. The iinporters have been im this way relieved of a vast smount of individual Ha- bility to foreign manufacturers, but their position at home is no less dangerous. The jobbers, who occupy a positicn between the import. ers and consumers, are the most dangerous uncertain class in periods of stringency in financial affairs. Their recklessness in yrotptrous times is proverbial, and reval- sions first overtake them. In their public and private af- fairs they are enormously extravags nt, and as a body are at all times more or less insolvent. With high rente for warehouses and ‘dwelling houses, with the most reckless expenditures in their private af- fairs, with a system of doing business that will give the largest sales, without proper regard to the quality of the paper taken in exchange; with the spirit of com petition prevailing to an extent that swal- lows up all prudent considerations, it is not extraer- dinary that this class of merchants should be the rat to feel injuriously, even disastrously, a state of things that visits but lightly thove who have managed their af. fairs with more discretion. Rivalry in jobbing dry goods in this market is carried to a ruinous extent, and failures frequently occur among those engaged, even in ordinary times. The desire to outstrip their neighbors in the amount of busiress transacted is to prevalent, that every- thing is sacrificed to that single motive. It is only neces sary to take a stroll through the upper part of the city to see what resourses the jobbing merchants of thia| city require to maintain the private establishment which meet the eye in that section at every tura, The brown stone and marble palaces, construe upen credit, and eustained upon crecit, are equal, in all their internal and external appointments, to th owned by the nobility of Europe ; and when we conaid that the occupants and proprietors are ergaged in ts and have nothing but the limited profits derived felling shectings and shirtings to meet all their bills such extravagance and luxuries, it is « matter of nisbment that they are able to keep thelf heads lo above water under the most favorable circumstance Next to speculators in fancy stocks and railroad bond the dry goods jobbers of this and all other large oit ere the most uncertain, precarious class of business m we have, and any failure among them should not creat alarm. The fact that the great mass of consumers rich and prosperous, and that the country merch meet their engagements promptly in full, is no guaran that the city jobbing interest will continue sound or sol vent, The steds of bankruptcy are inherent, and canno be eradicated by the healthy state of things existing any other department of commerce. ‘The following table shows the quantity of* some of tl principal articles of produce left at tide water, froma th commencement of navigation to the 224 of October, inc sive, during the years 1861, 210 days; 1952, 205 days; 1 205 dayai— Recuprs or Propvcr at Tink Warm, Whee bush 4,701,212 Corn,’ di Pork, bbla Ashes, DbIB......6 00+ 321 Butter, Ibe 8,889,810 2,5 Lard, Iba 10'319,830 9, Cheese, Tbs 12,414 671 6, Wool, ibs 221,286 7,412) Bacon, Ibs, 10/457,243 9,928,788 The quantity of four, wheat, carn and barley, at tide-water during the third week in October, im years 1862 and 1853, was as follows :-— oa” atefoet “Gah ta a, , 02 61,153 181,586 426, Ine, 60,179 Ine, $41,192 Deo. 9,346 Ine.164, The aggregate quantity of the same articles left at water from the commencement of navigation to the 4 of Ootober, inelusive, during the years 1852 and 1853, w} an follows :-— , bbls. Wheat, bu. Corn, bu. at) "765 4,791,212 4,867,700 1s: parte} 6004438 2,658,640 1,641,¢1 1963. Deo. 376,261 Inl,243, 224Dec2, 214,060 Inc626, ‘The aggregate quantity of the same articles left at water from the commencement of uayigatien te ‘ig 1862, 1363, 16° 2