The New York Herald Newspaper, October 11, 1857, Page 1

HE NEW’ YOR WHOLE NO. 7710. The Financial Troubles of the Great Railroads. BOWERY SAVINGS BANK. nee BERMONS ON THE REVULSION. wee ‘TWE LABORERS AT THE BERGEN TUNNEL, ze, ae, &. PENNSYLVANIA LEGISLATURE. Haxapeced, Oot. 10, 1867. ‘The members evince a disposiiion to complete the ses fatem to-day, in order to return home for the eleciion this morning. ‘The House agreed to take up the relief bill pared by te Benste yesterday. It dispersed with the going into Committee of the Whole, and pinced the bill om the second reading. ~ After a kong debate the proposition to lengthen the time fer resumption from April to me shied Monday in January, ‘was lost by 8 vote of 76 to 69. A motion to shorten the time to January, 1658, was made, when ® rubsiitute was offored fixing the time for Jaly next The amendment was lost by 83 to 59. In the Beate a politioal Gieoussion arose from a resolu- ftom declaring that the whole of the Anancial difficalties re- walted from ihe tariff of 1844, and ite modifications by the ‘aan Oongress. ‘We subjeot was fually postponed. (BBA motion to leave the time indofiniie, amd the question be the next Legisisture, was dcfeated—yeas, 34; nays, 56. ‘The original motion, fizing the third Monday in January next, for resumption was lost—yeas, 10; nays, 78, A motion was made to strike out all after the enacting Glavee of tho Senate bill, and insert instead the House bill ‘The eight last amendments, requiring the banks to pay mpecie for fives, were carried. THE MICHIGAN CENTRAL RAILROAD. Boston, Oct. 10, 1857. The froma official sources, that in conse (quence of # delay in remittances from the Hast, and almost ‘a total suspension of peper negotiations here, the Michigan (@entral Raiiroad bes found it necessary to postpone the payment of iis bills payable, until it oan realize funds from the proposed subscriptions to ita bonds ou the 1Gth of Nevember next. The payment of the coupons will be oomttnned as ceual. FINANCIAL AFFAIRS IN BOSTON. Boeron, Opt. 10, 1857. beve nothing new in Sasncial sfairs to report to THE BANK OF KANAWHA. Ricamomp, Va , Oot. 10, 1857. ‘Emo Governor bas \seued a proclamation probioiting the motes of the Bank of Kanawha, from being received tn pay- meni for money due the State, that bank having refused te redeem its notes, and removed s large amount of its at eets beyond the limite of the State. SUSPENSION OF THE BANK OF SOUTH OAROLINA. Avacera, Oot. 10, 1857, Reliable telegraphic news from Charleston announces (fe suspension of the Bank of South Carolinas Siate fmatitation, of which C. M. Firman is Presidsnt THE NEW ORLEANS BANKS. Wasuuxcros, Oot 10, 1857. ‘Eke weekly statement of the New Oricans banks on the $d inst, shows (in round numbers) a decrease in specie for the week of $190,000 ; increase of loans, $207,000 ; de- @vease tn circulation, $65,000, and decrease of deposits BB00 000. PHILADELPHIA STOCK BOARD. Pwavavras, Oot, 10, 1887. hocks steady. Ponnrylvania fiver, 81; Reading Rail- vead, 16; Morris Canal, 40; Long laland Railroad, no quo (ation ; Ponnsy ivania Raiirosd, 34 THE PANIC IN THE CITY YESTERDAY, ASSIGNMENT OF THE (LLINOIS CENTRAL RAILROAD COMPsNY—-FHE NOTES OF THE BRIN HAILROAD @ONB £0 CROTEST—TOR BUX ON THE BOWERY SAV- IN@S BARK. Yesterday was by far the bluest day that has been experienced in this city since the commencement of the present financial troubles. The disasvers that were announced in the morning papers created a fe- verish excitement among business men, which as sumed the form of a panic when it was ramor- ed that the Illinois Central Railroad Compa ny could not raise money enough to meet ite current obligations, and had made an assignment of ite effects. Then came romors that Erie Railroad paper had gone to protest, while the names of our most prominent and wealthy Dasiness men were mentioned as having failed or "Thos the day passed, every hour adding to the intensity of the excitement, ani the ——— houses: alarmed at the possible consequences of all these difficulties to themselves. The assignment of the Illinois Central Railroad proved to be true, and in the money articie ‘of this paper will be found the official statement of ‘the company, announcing this fact. The following ntlemen are the assignecs of this company, viz :— Scbuchardt, J. W. Alsop, L. L. Sturgis, Bs. Onenee, J. E. Pelee. The bonda of the com: y fell to 60 during the , and the stock to he It was deemed: incredible this railroad Samuel Osgood & Co., of 81 Nassau street, have two auctions a week, and make just about aa large sales and at as good prices as before the present financial difficulties, They deal in farniture, make sales for the Custom House, and for the United States Marshal. M. Doughty, of 79 Nassau street, thinks his sales of furniture, &c., bave fallen off one half since the panic, aud the sales that he does make are 30 per cent lower than formerly. Henry H. Leeds & Co., of 23 Nassau street, deal- ers in furniture, wines and all gorts of fancy articies, ee the largest establishment of ite class, do as much basiness, and at as aye prices, as they did before the panic. During the anction on Saturda; their store was crowded and the sales were onl § The company say there has been no falling off what- ever in their busi , hor do they expect any. The: have a gallery of Italian s’atnary, consisting of 1\ pieces, some of which are very finely executed, which llery they intend to sell on Wednesday next. is the finest collection of statuary that has ever been in the hands of this company, and the prices obtained at the present time will indicate pretty pl the money pulse of the nabobs who are int in such works of art. Wilmerdings & Mount, corner of Broadway and Rector streets, have the largest dry goods auction store in the-city. For the last week they have en- tirely discontinued their sales, and will not probably resume them till there is a change in the money market. There are four or five other large auction houses of this same class, all of whom have “ shu! up shop” for the present. ‘There are five large grocery auction houses in the city. The proprietors of one of the largest of them informed us that the by these stores, during the months of daly, August and September, are at least two-thirds leas than they had ever been dar- ing the same months inthe past ten years. The sales are not only so much less, but the goods are sold at a considerably lower price. The sales of stocks and real estate will be found noticed in another part of the paper. THE BERGEN TUNNEL MEN’S RIOT AGAIN. HUDSON COUNTY, (N. J.) MILITARY ALL ORDERED OUT—THE MSN PAID OF F—SOMNES, INOLDE*TS, ACCIDENTS, ETO , RTC., BTC. ‘There seemed to pe no disposition on the part of the men empoyed om the Bergea tunnel to bide ther time for the money due (hem from the New York and Erie Railroad Company, and they were loud in threats that they ‘would destroy every particle of property belonging to the company, ‘money or no money.” H. B. Beaty, the ahe- riff, called upon Brig. Gen. Hatfeld, of the Hudson County Brigade, who re-or¢ ered the whole of bis brigade to turn out yesterday at 9 A. M. The brigade consists of the Highwood Guards, Capt. MoGee; National Guards, Ospt. Van Houten; Hudeon Rifles (German), Oapt. Bormtedt, and Hudson County Artiiery, with six large field pieces; also the Dea- geons, 8 German company, Capt. Hexamer. These oom- panies marched to the foot of Borgen bill, where they joad- ed with blank cartridges, and then marched to the Judson county jail, in the city of Hudson. When the companic: arrived on the bill they wore met by about 200 of the tun nel men, who shouted loudly in deSance of the military, Dut made no advances or intention to fight. When these ccmpanios arrived at ihe jail aboat 400 surrounded them, and after viewing the trooys fora few minotes, one of their number uttered a yell, whea the whole party departed bi and yelling at a great rate. At 11 o’olook the second div! from Jersy Olty arrived, with mosio and bapvers. This was sufficient osuse for the taunemwen to reassemble. Tae oompinios consisted of the Grays, Ovntinentals, Germim Rifles, and aboat a dozen members of the Irish Volantesrs, under the com- mend of ry 8 @r , Jt, Beq. Jose mt this mcment the military into’ the jail, when rock through Guard, Oapt Magee, were orc ered to ie coniractor’s, form’ lime whe men passed in, ome by one, and were paid o /k on tbe road wil] be resumed om Monday mora ADDITIONAL PARTICULARS. A\ tbe appointed hour the workmen appeared in a body Gi the offwe of contrator Maliory, who was prepared to pay them in fi) with Eastern money, which the men re fused as worthless, aud began to make threais regardiug what they weuld-do, but at the request of Father Vo Bute they became jess turbulent than before, Mr. Mai lory, being anxious to pay off his mon promptly, started off with the fands to Now York, where be got it changed for bankable fonds, and returned to Hudedn Olty at dusk ln the meantime the military were marohed into an opea square and reviewed by Mayor Carpenter, during whica me Benjamin Campbell, one of the members of Highwood Goa d, wes taken ill, and taken by Mr. Layton, tho jallor of the Hudson county jail to his residence and kindly eared for At 7}¢ o’clook Mayor Carpenter, Brigadior Genera! Hatt: id, Captain A Epeer, Sherif! Beaty asd sevo- opoa Mr. sory, and wore in that Wt ey wrtlt preserve order, and abow tai hey wore men by Debaving ke mon he ila acme ea tho money ain’t pueet Esisbiie 44 MOVEMENTS IN THE PRODUCE TRADE. ibd EFS 3.878 ek?! sgh i : fad tatled the d in heir van be 4 = ye with poor people, and the in The prompt manner with whet the officers met the Ay them restored confidence in a Rreat measure, many who had come to draw ‘out their money retired fully satisfied that all was ‘ht. There was of course a good many poor people drawing their money from the other banks, but there was nothing like a run at any of them, ve the Bowery. Mr. P. Perit, of the Seaifien's Bank, eesured our that all would be well with the savings banks, no matter what disaster might occur to the business community. These banks are too well secured for any finanzial calamity, however great, to affect tnem. It would be well if our wealthy citizens would show as much confidence in their banks as the poor people do in theirs. BFFECTS OF THE PANIC ON THE AUCTION STORES. ‘When all other business is paralyzed that of the aactionecr generally continues brisk. At the pre’ sent time some branches of the auction trade are as flourishing as they have ever been, while others are entirely suspended. Bangs & Co., of #5 Nassan street, dealers in fancy farnitore, &c., say their sales are depreciated one half, and those that they do make are at least 25 per ent lower than before the panic. “Mixed Western, per vasbel. Minos the foregoing article was prepared, ister news per Anglo Saxon bas been reostved, whion reports a declining tendency in breedetuff, and that wheal was 84. lower. In redocing tho sterling prices into feceral money we have, for convenience estimated English shillings at 25 cents cach. The contrast of prices in Liverpool, compared with thore current in New York, may be seen from the above table ‘This discrepancy ie partly caused by the fallin steriiag exohange, which, 06 prociace bile, now amounts to about 9 to 10 per cent below ihe par of exohange This disare- pancy in exchange, say 10 per cent, with the cost of freight, commissions, insurance, cartage, and oharges of ai! kinds the other side, added together, will amount to about $1 10061 16 por busdel, which, om flour here st $4 408 96 50, will leave « margin in favor of the shippers, should Prices tn Liverpooi be maintained an Ji |t reaches there, of 81 60 0 $2 90 per barrel. The cost and charges on wheat, Although mrger in proportion to prime cost than oa four, ‘will yet allow of a good margin to shippers. Cotton, while nominal in New York, ie about 4 conte per pound, for mid dling grades, lower in New (0; leans then tn Liverpool. This (a certainly am extracrdinary state of things, and probebiy ‘witheul s paradie! in our trade. We see by the Arabia's advices tha the cargo of prime new red Tennessee wheat, shipped direct from ORariestos for Liverpool, wes sold by retail a4 Oe, 64.; and a chetes Jot of the eame description, by steamer from New Yort, old at Oe. Od, Foreign houses entered the market quite freely the peat week, amd made large sh'pmente of grails, which, prode- pty, altogether, reached abont 400,000 a 600.000 bushels, and om Batarday alone floar was shipped to Liverpool ana London to the extent of sbout 16,000 bois, Yesterday ad bipmente wore mate to Liverpool of sbout 16,000 each for Dbdis. Hour, and 30,000 a 60,000 buabels of grain CONNECTICUT. WINDIAM COUNTY BANE. The troubles in this bank, we are assured on the best authority, are not of a serious or permanent na ture, and those who submit to any considerable dis count upon its notes will coon regret it. This institution is located at Brooklyn, near the Rhode Island line, and & large proportion of the mo- i 3 i g: i banks, ‘These bills were, aa usual, sent to Boston in redemp- mae their Co tpewe) but the Rnode aving suBpel specie about the Suffolk Mectinad'e veclite tan them, count of the “Windham County” causing its notes to be “thrown ont,”’ in great New England Regulator.” We have seen a letter from one of the rectors of the bank, snd who is known the most reliable and prudent men in who writes as follows :—“ We have lost nothing, were never in a safer, sounder condition, We a balance in Boston,” &c. ‘The bank in question has heretofore enjoyed t! reputation of being one of the sates! and best naged institutions in New England. LOUISIANA. THR PINAXCIAL Calsi8 IN KEW ORLBANS. [From the New Orieam Delia, Ost 2.) Pestilences sometimes burst with mysterious om- nipresence upon nations without premonition and pass away, terrible riddies never to be solved. In a similar manner panics and crises not int come upon the financial world without any precur- sory symptoms, ana after a brief or protracted pa- roxysm, leave financiers and economists equally per- plexed to discover the true cause of their advent or eeenesanee. Such seems to be the character of the crisis which has just swept over eome of the . pal cities of the United States, causing many a lofty commerctal house to tumble, up factories, shaking banks to their foundations, col stocks and deranging exchanges. In the, face of peace in Europe and peace in America, abundant money, a plentiful grain crop and a prospect of a larger cot- ton crop that of the last year, the crisis came; Wall stseet was paralyzed; the kites of the kite- flyers were torn into shreds by the sudden tempest; Philadelphia, Boston and other cities felt the shock, and even here in New Orleans, where the financial basis is the solidest in the world, the money market has caught the contagion, and cotton itself has been for a moment But this shock to the cottop market is merely tem- porary. In fact, the crisis juestion is essentially superficial, and cannot affect deeply or permanently any interest so firmly based as that of cotton. The sudden squall which burst upon the Northern finan- cial community can cacvse no shipwreck of any sea- worthy vessel in the South. We may be brushed by the fringes of the storm; a littlespray may be da: in our faces; but we have no cause to fear that the black pall of disaster will envelope us, or that clouds will close in our horizon ali around. It is true, as our monetary article predicted, cot ton, withont settiing at any definite quotation, has ranged a little lower within the last day or two, on account of the almost dead lock to which the ex- cbaoge market has come. But if this be an evil, it is one which will surely work out its own compensa- tion. It will rid New Orleans of dependence upon Northern exchanges in effecting the sale of its eat staple ; it will bring the solid money from rare to fe Southern conn and will tend to at us in that direct rapport Euro} buyers br consumers which has been so loag Tesired, and yet so long baffled. In such ap event the English and continental demand for cot:on will be the governing standard of prices at New Orleans, aud hot capricious exc! or uncertain banking faci- litiex. The planter, therefore, and the planter’s fac- tor, have only to look forward with sanguine antici- pations of improved relations with the European cotton market. Cotton may waver a while ; buyers may have their hands tied a while ; but the equili- brium between Liverpool and New Orleans must at last Bae) money will pour in by millions to purchase the indispensal le staple, and cotton will reat on a foundation firmer than ever. A It is idle to think of a crisis so superficial and tran- sient in its nature, resulting from excessive intlation of business, reckless speculation in stocks, invest- ments in unproductive wild lands and town lots in imaginary cities in the West—a state of things much more likely to occur in a time of profound peace and general prosperity than any other—it idle to think of such a crisis as that materially or perma vently injuring a great intrest that rests oo such a basis, and is surrounded with such guarantees as that of cotton. A zt ¥ re 37 4 i BF Hf CANADA. TEE CANADIGN MONBY MARERT. (From tho Taron'o (lobe, Oct. 7.) Some weeks since * fears were entertained that the nae in New York would extend to Canada, an i the same scenes of stringency, depreciation of pany and bankruptcy would be witnessed here os there. We then ventured to ex- reas the opinion that there was nothing In the Rnascial relations of Canada and the United States to involve us in the embarrassment of our neighbors —that our banks were sound to the core, and the most implicit confide nce placed in their stability at home and abroad—-that the stocks of our railway and other joint stock compaaies were all held abroad, and their fluctuations did not affect us—and taat though there had been some overtrading and un- wise speculation, yet that the business condition of the country generally was sound and healthful. So far these anticipations have been realized. While the strongest firms in New York, Boston And Phila- delpbia have had to succamb before the storm, not one failure of consequence has occurred in all Cana # long list of the banks of our neighbors Lot gh on npln Berar meh gO pr of Canada have had their i trouble has come. in the habit of replenishing their coffers by impor- tations of specie from New York. If taey could net pepe roduce drafts on that city, they sent on English exchange, sold it there for gold, and brought the gold on here by express. This sea- son there are no American buyers of produce in our market, and therefore few drafts in New York to par- chase. Hut more than this, from the convulsed of the New York money market, English exchange is in litte demand there, and only saleable at a great vacrifice. par valoe of London exchange ia New York is about 109; but it has gone down by yy until, at last, first rate bills have been sold at 100, and even at 98. To purchase gold in New York for importation to Canada, by the gale of Bag- lish exchange at such rates, we need hardly say, is a most expensive operation; and it is scarcely to be wondered at that our bankers have set all their wits ‘k, to throw the loss of such operations on hbore. Accordingly a strife has been car- ried on for some weeks among oor banks, to get the notes of sister tutions in their hands and — down on them for specie. Every dollar go goog ove the bank has been regarded as a trator 2 over to the enemy; and the weekly settling jay ‘S been looked forward to with exaltation or alarm, according to the prossect of paying or re- ceiving a specie balance. The fear of the foreign broker is no longer feit—fear of their customers has never been felt—but fear of ench other is now af- fecting every monetary transactics from one end of — to ‘ tr. ean c he result isa degree iu in mercan- tle circles unknown in Genels for many @ long day, and if great disasters have not ariven from it our business men have the greater credit. What will you do with the money, if 1 discount for yoo, aske the banker? I have a draft to pay in another bank, replies last Monday. Well, but says the away in wages or for merchandise. still insiste the banker—the exchanges |; were heavily against and the immediately (or gold. Bat I have at your own bank, says that the circulation of duced, money is difficult one pee, and the wealthiest mon are severe- y pe to meet their obligations at ‘ow, we fully admit strike ont thie policy, think ae f- nature with he world, and they must a; * SUNDAY MORNING, OCTOBER 1}, 1857. } tteelf 2 & Hs ad Hh is i 3 & i fi £ 3 i iH i ' i i i 4 il it rit it i i i H i ui Ir fiz i zt , i i ff i ik i : i Se: if iz 5% fe 33 f i i i if tH ‘ ' : Te Fe = S ¢ Z £2 #8 < E ae ' i i re Fs #43 7 8g i i et E ! i. : tt i tH i H i F Fa | tent 8 F ¥ fit af rt | Epfse if ur : fs = e < 8 i 3 “4 3 | ite! te i 5 t e 2 é 4 i screws you forthcoming, afer ex the tion, is the produce of the soil and the ‘the mine. The month of October is passing ra) avay— hardly six weeks of navigation remain to us. No tion of our vast crop has yet been sold; none of it has yet left our ports. ‘And what, if the state of things should continue, winter come upon us without relief, and the entire crop be left in gransries to await the opening of navigation next forest and i iat il yf t it if Unless a forward by shipp' icevitably the vast bulk of it must remain unsold and unproductive for six months to come. what follows? cannot pay the merchant and the mechanic; these cannot pay the importer and manufacturer; and they, in ir tarn, cannot pay the banks. The whole Canadian fabric rests on ‘iculture. Get out the i it—and the whole machinery moves; leave the crop in the and the entire system is ite We are persuaded that ali that is now wanted harmonioas and united action by the banks to mand. Nor should tnis be difficult of The solvency of any banking insdtation “in, this country— the ability of every one of them all demonds, is beyond ee. Why cannot they come to & a certain fixed propor: tion of ‘ie shall be by each bank ac- cording to circulation out—that a certain rate of ac commodation shall be extended to the public ac and that drafts on London shail Se reosived tk pay be received in payment of balance? Lettne Presi dentsand cashiers of the several b: on some such basis aa this, and all fea ial troubles in Canada wil: be at an end. But let the it fear of each other continue a few weeks Aonger—let them continue to strive who can the hardest and draw heaviest on and we sball have times not seen in this fore. We speak thus while it is yet time. of New York forced $13,000,000 from of New York in a few weeks, bat they have a lived long enough to repent of the operation, an: there are not the fears and not the inducements to palliate such a course here, which might have jastt- = the great commercial mart of the United States. HARD TIMES. Several of the manatacturing establishments in Newark, N. J., and vicinity, design re-commencing operations thia week, and wt!! employ @ large por- tion of their old hands. This is encouraging. E. F. Whittemore & Co., exchange and bil! bro kers, of Toronto, Canada, closed their doors on the ‘7th inst. It is understood that the firm is quite able to meet all its liabilities in full, and that its preseat temporary difficulties are chiefly occasioned hy the extraordinary pressure on its correspondents in the United Sta'es. The suspension of Willett & Co., of New York, affeets the whaling interests of New London, to the amount of $100,000. Mesars. Starr & Underhill, 127 Maiden lane, who have recently suspended, were largely engaged in the manufacture of bats, which were made in Bloom- field, Orange and Newark, N. J., and Stapleton, Staten Inland. They furnished employment to about 300 hands, who are now thrown out of work. Toer payments were from $1,000 to $1,800 every Saturday. The bank snepensions in Philadelphia have brought to light an old beggar woman, who is mourning about the streete over her Joas of sixteen hundred doilars. ‘The “hard times” are sting very Oppreasively upon the poorer classes of people at E'izabethport, oS. A number of men have been thrown out of employment during the past three The inane Va.) Courier, ssys that the banks of that p! are having an easy time of it, and that the aggregate run apon them dui the recent suspension excitement has been lees by - sands of dollars a day than in ordinary times. The ingfield (Mass.) Argus states that the Lyman tin at Holyoke, bas commenced running agsin six days in the week and eight hours in the day. if there is such an improvement in financial Matters as to warrant this movement, it will be likely to affect other milla in a similar way. The relief will be moet welcome to the thousands of operators teat are now out of employ. SERMONS ON THE PANIC. DR. CHAPIN OW FEE PIKANCIAL TROUBLES OF THR counray. Rev. Dr. Chapin's church was om Sunday evening Giled with @ large audience, many of whom anticipated that the pastor would, in his evening's discourse, allade to we Present fivancial trocbies. They were not dissppoisted for the learned doctor ohese thei gudject for bis theme, toting for his text the tweifth verse of une seventh chapter Of Koclestastion — For wisdom is « defence, and money is s defence: but So cen cieney of Raowiedge te, Cah wisdom give life bo cial disaster, when friends and neighbors are going down—when ‘men’s hearts are failing them for fear, and for looking afler those things which are comipg,” on¢ can Bo /more extricate himself from the qevera! com motion, or speak with effect ap ym ordimary to- ‘thet crash agatnet (be bull If amide all thie “ ), tet bbe ewened, ved eb ona ates fo of monetary alarm. in houses ovant.ag roome, in the stile t wheels of factor'es, aed the dumb eio- eae heyy! labor. ed ok ore Lah pewepapers, i ought to for o@ another voice than et w rises ° peel Ss the tam ‘worldly perplexity."’ We are, , tired enough and fad eneogh «ith hearing that. Let it not be ‘among the arches of the sancvuary. And so, my friends, Feligion should utter another yolce than that waicd Gomes from the ordinary pursuits of mon, Another voloo—and i} must be @ voloo vibrating ‘Wib eee same Is must beso, if they are » for us anything more than worldly results, or if ig to come home to our Roarte and our bosoms, heips us, not by hovering aloft where we ought to de, but by coming down to us where we are. It helps us pot by us away from our perplexities, but Li dling us to book through hom and to work through ibem, }-T, Uy! Continue the stra of my from of inst Mabdbath evening, it is because | feel driven by the very current of the times, and I trust I may do 90 in accordance with the epirit of Him who fuund les. Qisherman and the pursuit of the or qralided for ibe re! acd of the worid in which he is yg cod epirieal gt scom ie it i 5 3 i H a th iE ? if LH : i i | ine aE: Ea i eile Hl i i i E t if Hi} iy H H | Hy i A i f it i id 4 f Hill ik: a. ° E il Fels Pek? Q a 2 i H if 4 iy! i a tid t Hf i HE i ! i $f R 5 H i HE i it i i Fi li iH i if ef} Ba* i i i i i | Ht if Hi Pa at i! EH a i ij i H Fi i; 5 li nt i f ut ef i i HA iH ii i 4 | | eH! 728 it if AEE i z | t i ii 1 ir 3 Hy i { i { i ; Hl ii { eS kh a 2 5 ul i ! | | Ee 1 i $ i Yi i i 3 | fi i i | t ; I if { Z i 35 i i i r UES ii i i i 5 | li iH i s . f i i ft i i tt ij et £ “th Ty | fe i i a i i i , i Hl | if} if iif aq : ' i 3 i i t 5 # i f i i is i Sz fi fi Hf Es it i ii f nH i t sf i { i i i t i ii i Hie tint Fitri ip th gr + fil i vé 1-3 : Hf : : HH i if A fi } j i i f ® li ts if i is i i H ft if i i i : a vii i ; i “52! definition i a Sevan feuiens Rare ee oe Famvecieteey we Sace pO ay a Sa ra fire op anything fee. Now there ‘are ins, ad euch i 5 i PRICE TWO CENTS. ———— aK of | and religions men—will tov fret dealand eireup sqrt ¢eal for money. But jets thom the be al” aad" whe vend MP ae ormtesce, bu: because tt is the means of whe mar captile homor, thet remtation for , which tbe merobant values as a knight does bis eroate ore cop'ain bis fing. And I have no doabt that, could we an- cap the history of these fow days past, we discover tome instances of chivalrous integrity aa noble of effort ae bei been witnessed on the deck of vessels men bave atr0d close to mt the bergen a cree ‘and torn off the reg ond Crammed ” ing to aes We gees credit up, and the honor of the flag. Bat such = when men sacrifice all kinds of proporty for money i» ,#uatain honor, are widely different from instances wher> ‘men sacrifice all kinds of bouor to got property—to ges money, which, without honor, withost wiedom, withoct that kind of life whioh true wisdom gtves, is a poor a04 » Bat tnere are men who are see! msn who enjoys the life of that it 1s pos the Only good, and it id be soeks it inside these limitations. per cel ith ie w hard bergain, but it is oot so hard ae t> Pledge heart and copactenoe, and never redeem them, leaving Saten in the end with a nandfu! of worthless se. ourities, Movey—the highest of life What cise iv proolaimed by ihe conduct of whose charity, whose morals, whose fab gives way under the temptation of profi? Itismet what these men say, but what they do, that makes the true confession. ith ar conseption can thas man baye who bas so furg all manly ty good feeling that no snuffs with delight the Sror pub- latremt ag wafting fortane to his door, and wil) not even nog ere skin ope manif he can more profiiabiv out ano her's ) and when ail sorte of cra‘t are bumc- ing among the breakers of firancia! revulsion, goes abou; like a greedy wrecker, strangling the drowning and strip- as oe? What other conception taan that money ‘the highest good of existence, can that father have, all whose thoughts and energies are devoted to iho virteal end of heaping 5p 8 property for his son, wi bous oaring for any q ality of fon’e mind or heart—leaving bim as lost with bie inheritance—a dead weight on the bic morale—s pimpied nuteance, staggering away his fe between the ihe paming tale. Wass other conception had that young man, ~hove pame camo oat the other day im the papers, «| bisckened with in- famy—printed tn the colama of criminal reoords—bct which might just as ty have beon put down in ibe price current, as sol $30,000? I may be rory truo that § man may be the poorer for his wisdom, and that Wisdom pays no debis; bul with ite life alr mDowiledge from ibe swful delvson that it saves = meney is good = of = exiaienoo—the Pad to which everyihing cise than this, such wisdom es the preacher speaks of in the text saves a man from forgeliing. or im any way s- tem te violate the processes of lawful acoumuleiion. Kverytbing 1s bound about and penetra'ed with a neiwork of Divine ordinasces—no more the economy of a human body than tha‘ of a human soul—no more the moremenia pA planetary sphero Tare a thing tawfully and you have is by renderirg faithful service under the law. re o thing im violation of tte lew, and you baye it, but you must pay ‘upder the pensity. Anything in this werild you can Dave, bat you must pay fori. Bo you can haddie up @ Beaty fortune; bu: pay day comes. If your fortane stands the basia of solid and patiens labor, do cot be afraid of the hy ‘and food. it may go, the di of neighbor, and some- ridap instance mast give way in the working Comprehensive ordinance. Bnt It's very likely You need not live ia constest droad of ke ils om the sande of reckless specule- be rich, you may I've ip fear, and 58 3 & HH =< Teal'zed. For God's biessing gambling. 1 read the other day re ‘who every cvrening before slt- veg © put bis hand across bie er for scccess. But pray- ® bared table, and it makes heard table te three feet - hid ve Rags ~ ng oper vine bieasiog. (rod Dieses sof patient toll, and gives 8 large is — a rain a Seems for the wheat and corn. strengthens the bope of the statworth arm and the heart of ibe ciligent scenery Bit every now Vhen there comes a whiriwind aad « crash, when go’)? ‘6 Fiera mito eusb ing, and ertanes en rarer become ches ta great whtle. True wiedom sot 00 men the clans perception of laws and reir) on, Yeof sosdm aseurance # up ia aiemt ¢ Tort and puient trust genie’ jeover, money really scoompliehes nothicg of ary ae exoept |t becomes eabeer viens to !be Ihave already observed what a poor affeir poor rich man really i¢—e witb Bo otber power ihen the wer of mesey; and on ‘thas gore Hiterally empty and late. It tee great thing whep be cen trasemit money into persoual properly in a more initiate somee than that ter i" When becap make of it Kaos los, jo an. beessr, chon and love—in ope eord, when he o-n make it do go nut deaaty, cherity whet ) woat be calls life—the fies} ges is s 5 | q i woney—our easentis! gain is in ibe af —— ‘This i¢ the Dest i i Lj Eats an - 3 rpett i a g ' i &3 i i | i i 52 u ff | i ta AH i H é fk i : : t tf i i : i : ti : f : } t it i g : li Hy He rij fit a t il Pid 3 tie i i ; - 53 48 i by BF i ts if i a it rai > m1 4 if I u i rH al at 4 i ! - f | i i hid t at ti LH ? rH ite a i ft : itt if if it 5 48 if i Fy iil i 1