The Sun.
London, England, 1837-05-31 00:00:00

UNITED STATES•

Plltr,AnEwitA, MAY S.—Deeply do I lament to swte
that " th;t panic has not vet subsided, and that the fail-
ures in New York within the last eight days have been nu-
merous and g reat. I trill no longer speculate on the pthro-
bability of its duration being short or long. It baffles e
judgment even of the most experienced, in the prese?t.
0.111
state of things, to predict where and when the evil
terminate.
lkicuey becomes scarcer in the Atlantic cities every day,
and the great conucrt::al emporium of New York is 10
complete state of flnonclitl trading confusion, tboug,ll
the accounts of sales and paymem`.: up 4.0 Saturday nights,
.ibite(-1 a little !Dora of regularity and sortie symptoms 01
ret urring Pottfiticnce.
Y!Ju judge of the extreme nature of the
!be las
two(act that United States Bank Stock fell during
days to 98! It rallied, however, on Saturday
noon, at-0 left off at 100 to 101. nt§
The Committee appointed by the New York rnerra.a
had an interview with President Martin Van Buren: in
accordance with the resolutions of the late public meeting,
were
Both their communications and the Poresident's replY
made in writing, and nothing trusted mere verbal repr-
pi'cssure byt
sentation, The President decided against .repealing the
Treasury circular, and against convening an extra Ses.P.
of Congress: With reference to the postponement of sit
on Custom-house bonds which had not been paid up, -b
stated that he wouiti take a few days to consider; alt.
which be will report the result through the collector °lto°
port of New York.
This interview has given any- thing rather than 00
faction to the merchants. is Pot
ffict
It is strange that during all this time the revenue 'al
materially affected. I find that according to an
o.
intero the
statement, published in the Globe, the receipts
United States Treasury, during the month of March, w_se.-:
From customs .
From land
Being in a single month
One cause of the pressure is, undoubtedly, the mania
for land speculation which has prevailed in all the nevete
k.
States, and no where more than in the city of New.,°crb,
The sales of lands at auction in New York, front P44'7
1835, to December, 1836, viz. :
Sales in 1836 Dols. 22,287,273
Sales in 1835 15,908,601
Total in two years Dols. 38,195,874 .0
The sales of land at auction in the city of New York.l
twenty-four montbs exceed the aggregate amount of
the
whole banking capital of the State. Allowing eighteen
millions of dollars to have been bid in, according to tbe
established usage of blowing up land bubbles, and thel
will still remain operations to the amount of twenty
lions, which have embarrassed capital or diverted it ire'
the legitimate trade of New York.
I have all along been of opinion that bad as matters erl
e
at the present time, they are made still worse by the leura
un
indiscreet manner in which many of the alarmists of
the
public press represent them. There is still a vast acne
of inland business going on. Witness the following
The Albany Argus states that the amount of canallistl:
received at the collector's office in that city, on Saturu;
last, the third day of navigation, was 5,461 dollars 23 ne'rni
and the number of boats cleared was .54. The account
the three first days of navigation for the last four Year"
stands as follows :

Boats. Total ReceiFts'
1834 BO , 5,097 23
1835 B3 7,056 44
1836 52 5,800 40
1837 140 141,,880 70d to
The result, says the Argue, is certainly calellat.e ip
excite some surprise, when the prevailing_ depres'.4o,,
money matters is considered ; and it must be deemed d "4.i
tisfactory proof that the substantial interests of the coooe'4
have not been materially affected, although many busin
men in New York have fallen victims to the pressure. ,tie
In St. Louis the tide of emigration is setting towards the
far west with more strength than ever. The territorY. ,
Wiscousin and the beautiful prairies of Illinois are becono,7
fast settled with thriving farmers. In Louisville And,,Gile.
cinnati the same bustle prevails as at St. Louis, 80`1„...-lio
counts from Pittsburgh state that speculations in.P'l,4t
lands continue. For several days previous the hotels of t'e
city arc said to have been crowded with persons from t'
east, who were on their way to attend the public land sale
to be held at Marron, Ohio, on the 24th. of
Nothing of moment has been received from Mexielftiti
Texas since I last wrote to you, except that a Me%l'.-0,
cruiser has captured an American schooner laden °.
stores and ammunition for the Texians.
rACiI
In our part of Florida several very barbarous mu
and scalpings have been committed by the savages oa "le
men and children.
It is truly astonishing to observe the immense numbefor"j
Europeans that annually leave your shores. Judge' i (
the
Statem follentowin : , e c for
ofg 8"-tits emigrants arrived at New York and "-be
each of the last eight years.
At Quebec. At New I°A.
1829

1830

.. 24,391

... ‘..,,._
1831
1832
1833

OJNJ
1834
1835
1836
Several murders have recently taken place in New 14,
leans, most of them arising out of the disgraceful ton °to
mina) practices of wearing secret arms. How much it is to
be lamented that the southern legislatures will not interre
to put a stop to such assassin and bravo-like a custona
vij
am sorry to say that in some of the southern states the eic,
passions of men are hardly under legal restraint. A feel? $
bodied man settled a few years ago on the MississiPlii.
short distance below Randolph, on the Tennessee side.,
succeeded in amassing property to the value of about fade
teen thousand dollars, and like most of the settlers,
a business of selling wood to the boats. This he sel"„f4
two dollars and fifty cents a cord, while his neigh
asked three dollars. One of them came to remoustrP
against his underselling, and had a fight with his brotheri
in-law, Clark, in whieh he was beaten. He then went
11,°1$
obtained legal process against Clark, and returned ;t74
0, °
deputy sheriff, attended by a posse of desperate vil's4
When they arrived at Clark's house he was seated I°l,o
his children, and they instantly fired on him, wounding:.,dy..
children, and putting two or three balls through his.'tbe
Clark ran, was overtaken, and knocked down :
midst of his cries for mercy, one of the villains fired s
,r,.#l
tol in his mouth, killing him instantly. They then reeihe
the settler to sell his property to them, and leave 1;0
country. He, fearing that they would otherwise taKeint,
life, sold them his valuable property for three hundred 'of
Mrs, and departed with his family. The Sheriff was oae
'he purchasers.

t.
SETS OF PLATED DISH COVERS, " rigor
STRONG SILVER EDGES, may he selected from
Patterns, price 201. the Set, at T. COX SAVORY'S, N'°"(loa'
Goldsmith, Silversmith, and Watchmaker, 47, Cornhill, I,ol;clieS
The Set consists of one cover of 20, 18, 16, 14 and 12 1
diameter. of
N.B.—The three Show Rooms contains a large variety 015;1.1;t
Silver-edged Plated Goods. A Pamphlet, containing a 'vista,
Prices and Drawings of Silver Spoons and Forks, Silver .nos
Plated Goods, Watches, Clocks, may be had gratis, or vrio
forwarded in answer to a post-paid application.

nobert