The Sun.
London, England, 1842-05-31 00:00:00

NEW YORK MONEY_AND COMMERCIAL NEWS,

MAY, 14th.

The demand for money is more limited, and that which exists
is readily supplied. The banks discount quite freely, and in
the street, first class paper can be negotiated at legal interest.
As the summer advances, we are of opinion that money will
grow more abundant. In Philadelphia it is more difficult to
be obtained, and several mercantile failures have been reported.
Foreign exchanges are in fair demand, and the supply of
bills is moderate. It is thought the inquiry will fall off after
the steamer has left, as the spring business may be considered
pretty much over. We quote on London IOSi, Paris sf. 30,
Amsterdam 39,t a 39k, Hamburg 35c, Bremen 76c.
Some improvement is manifest in our quotations of domestic
excharwer. The business is, however, quite limited, if we ex-
cept the notes of this state and the eastern states, in both
which quite a large amount is offering. The weak banks are gra-
dually disappearing, and we confess we shall be glad when the
financial atmosphere is purified wholly from every banking
institution not able and willing to pay specie for its obligations
on presentation. So far as we can judge, the fallacious idea
about " preparing to resume, but not resuming " are nearly
dissipated, and all classes of the community are convinced that
the only correct policy, the only one that will fully restore
us to prosperity, is to preserve a sound currency, crediting
only those institutions which pay in specie, and discrediting
all others.

The transactions in Stocks have been quite limited during
the present week. Prices of solid Stocks generally have been
maintained, and in some descriptions a small improvement has
been realised. In fancy Stocks the Market has been somewhat
depressed, and closes at prices lower than our last quotations.
The impression which was quite prevalent a few days since
on the subject of the negotiation of the Government loan, is now
believed to have been unfounded, and it is stated that offers at
par have been received for only a small portion. We still en-
tertain no doubt of its negotiation within a short time, and we
think we cannot be mistaken in our estimate of the favourable
effect it would produce upon business generally. Yet while
the matter is at all uncertain, the community will prefer to re—
main quiet.

RAVE OF SALES AT THE STOCK EXCHANGE'.
$5OO Corporation Sixes, 1844
$5,000 New York Sixes, 1862
$l,OOO Ohio Sixes, IR6O
$lO,OOO Kentucky Fives
$l,OOO Illinois Sixes, 1870 cash 161
20 shares Delaware and Hudson
25 do North Miv-.1. Bank

5 do American Exchange Bank
50 do Farmers' Loan and Trust Company
40 de Firemens' Insurance Company ... ... 85
150 do Long Island Railroad
50 do Paterson Railroad
100 do I,llohawk Railroad ... ... 44

10 do Etui2ington Railroad....., s 0 days I e?:
100 do Harlem Railroad

85 do Canton Company ... 22i
Somewhat better feeling animated the Stock Market to-day;
a rather more than ordinary busi •ess was done, and prices im-
proved a shade.

(FURTHER EXTRACTS FROM TILE AMERICAN PAPERS.)
THE RIOT UPON THE LONG ISLAND RAIL ROAD.
—We have. obtained from the officers of the Com-
pany the following statement in relation to the diffi-
culty which occurred hi the transportation of persons
from Brooklyn,' to witness the great race on Tuesday.
The trains commenced running at daylight, at one
shilling fare .until 8 o'clock, from which time until
half-past 11, two trains continued to run about every
40 minutesi with two thousand persons in each train,
drawn by. two locomotives each. At this hour the
press became so great upon the cars, upwards of one
hundred and fifty persons piling themselves upon
cars. calculated only for forty, that it entirely pre-
vented the revolution of the wheels. The only alter-
native left was to detach a number of those over-
loaded, on doing which, those persons left, some
finer or five hundred, became impatient, and pushed
the cars to a descending grade beyond the Red-
fbrd depot. - Here they were remonstrated 'with,
and told of the imminent danger in which their
lives would be placed by running, without control,
cars down the grade from this point, and the dread-
ful possibility, and even probability, of meeting the-
two down trains; but entreaty was vain and worse than
useless. They started, but soon became affrighted
at their own velocity, and many jumped off and
were more or less injured. One poor fellow, named
John Abney, a hatter of 141, West-street of this city,
had his leg broken. On the approach of the trains,
they compelled the engineers and conductor to re
tnrn to the . course, and they were obliged to yield,
leaving thousands of persons at Brooklyn, waiting
anxiously the return of the trains. In the meantime
no means were allowed the agents of the Company
to communicate with the office at Brooklyn ; and
the trains . being momentarily expected, they continued
to sell tickets. • At about one o'clock the trains were.
disengaged • and reached Brooklyn, and took off
about.4;ooo persons' still'leaving many to whom the
Money' was returned. Returning, the same difficulty
and otbers of a more serious. character occurred. The
trains, after running twice to Brooklyn, became en-
tangled in the crowd, who filled the cars to overflow-
ing, leaving the track covered for more than a mile
with 'persons ; and they were again compelled to pro-
ceed to Brooklyn, leaving several thousand persons
at the race-course who had paid their money, with-
out any Means of getting through. This continued to
be the case for several hours ; and to prevent the
cars returning, stones and timbers were placed upon
the track, and three passage cars were upset and de-
molished.. At ten o'clock the obstructions were so
great, and the water station being demolished, it. was
thought prudent to stop entirely the running of the
trains: The Company had provided the most ample
means for the transportation of every person who
purchased a ticket, and could have done so without
disappointment, could they have kept the control of
their trains, and, the track clear. Those who wit-
nessed the departure and safe delivery of trains of
2,000 persons each, cannot doubt that it could have
been done safely, and within a reasonable time.
SINGULAR DECISIONS IN BANKRUPTCY.—SOTRe
curious decisions in' bankruptcy have been made re-
cently by the United States Court, affecting the
jewellery and necessary ornaments that the wife
of a bankrupt is authorised to retain in her pos-
session. It appears that the wife of one of the
applicants had in her possession diamonds worth
10,000 dollars, which she brought with her into the
marriage contract, and which were considered once
suitable for her station in life. This she is allowed to
retain. We like this decision. It is a step in the
march of civilization, when the women will possess
rights equal to those of the men. Why should a wo-
man's property go to pay the debts of a speculative,
thoughtless husband ?
THE TEMPERANCE MANIA.—It is an old saying,
but we doubt its truth, that " reformed rakes make
the ,best husbands." We presume that the Hon. T.
F. Marshall, of Kentucky, had heard of this adage
when he introduced at a late meeting of the Wash-
ington Congressional Temperance Society, the
following resolution :—Resolved, that the custom
at public entertainments, or fashionable dining
parties, among gentlemen and ladies of pledging
each other, and drinking healths in wine, is a
serious obstacle to the advance of the temperate
cause among those classes where it prevails, and has
no foundation in the natural principles of good taste,
true hospitality, or refined manners. We are the
friends of the temperance cause ; but we eschew fa-.
naticism in every thing. Fanatics and hypocrites
invariably injure every cause to which they at-
tach themselves ; and the cause of temperance
cannot , be aided, and may be • seriously injured,
when a crusade is attempted against the use
of wine in moderation. At all events, modesty and a
little self-respect—in occasional reflection upon the
past—should teach the Honourable Mr. Marshall not
to make himself too prominent in such a crusade.—
New York Courier and Enrirer.
THE SLAVER AND THE MAN OF WAR.—We men-
tioned yesterday, that a British brig of war had been
beat off by an armed slaver. The New Orleans
Crescent City says the engagement took place
so near the port of • Havanna as to be wit-
nessed by nearly all the inhabitants. The Sol-
way, one of tlse West India mail steamers,
fired up on perceiving the engagement, with the
intention of going to the assistance of the brig.
but relinquished her object on seeing the result
of the engagement. The New York Herald
says :—" We are acquainted with this formida-
ble slaver. We believe her to have been at one
time the barque, Isaac Ellis, of this port. We
know she, was sold for a slaver ; mounted with
six twelve-pounders, and a long Tom. And it is our
impression that she is owned by. the Captain and
owner of the Clara, which was brought into this port
by H. B. K brig Buzzard, in the summer of 1838.
He escaped then, and vowed vengeance against the
British."
RHODE 'ISLAND CASE SETTLED. - The President
has instituted a commission, to consist of two or more
persons from each side (of the two parties) in Rhode
island, to meet at New York on Friday next,.
to settle all difficulties pending. Mr. Pearce and
Governor Dorr, both have been here, and have ex-
pressed their willingness to compromise the whole
matter amicably; and the President has consented in
the desire of the Executive, to suppress all difficulties
peaceably—to countenance officially such a represen-
tation of the two parties as have been agreed on to
.9aeet.at New York.

DUDLEY.--A. very common question in this neigh-
bourhood is now. " What will become of us ?" Distress is of
the deepest kind. Pawnbrokers, we are informed, have re-
fused to take in any more goods to pledge.—Staffordshire Ex-
aminer.