Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1819-07-03

yond their resources, and has left them beyond
the reach otrelef. The gay crowd Of fashion,
lists that bat yesterday were struthng IN
Market street, IN all thepomp of naughty os-
tentation, are no more seen. The streets are
now thronged only with astonshed victims,
studying their various modes ofruln or remedy.
The sober reality has at last found its way to
the toilette wives and daughters now hear
the story of distress, and are told that their
gewgaws must be laid aside, that rcuts and
plays must be relinqushed; that industry
must take the place Of luxurious Incidence ;
and that pride mast yield TO poverty, or the
drawing room be exchanged for the jaiL
Our whole city presents an aspect OF gloom
which would hardly be equsJled during the
reign of pestilence and, though we are far
from wishing to give strangers the alarm, we
feel conviction that the shock OF this period
will carry us back with a retrogression more
rapid than our advance, and will for years
shroud many face with mourning that has al
ways been stranger to care. Long will our
industry toll in vain to repair this vast wreck
of its efforts, and long will it mourn over our
crunbling palaces before the work OF redemp-
ton is accomplished.
MAY 81.
We observe by the Philadelphia papers re-
ceiyed this morning, that the most calamitous
reports have been put in circulation there, no
doubt by interested spectators, with regard
to the Baltimore Banks in consequence their
notes were greatly deprecated in that city on
Saturday last, and some were selling at 80 per
cent. discount
We are happy to find as we anticipated, that
public confidence is restored towards the
| banks, and that to-day no other calls have been
| made upon them than what is. to be expected
! in the ordinary routine of business. The ST.
tuation of the City Bank will be best under
| stood by reference to the advertisement OF
the new cashier, which we publish to day.
| Holders of notes at assistance may rest entirely
easy, and ought to discountenance the false and
exaggerated reports put in circulation by de-
| signing eculators.-Federal Republican.
The Philadelphia Franklin Gazette of yes
terday, says-"U u. s. Bank stock fell this fore
noon, on the arrival of the mail from Balti-
more, to S94. 1t sold in New York at
| S95 H."
FROM THE FRANKLIN GAZETTE.
The mercantile embarasslilcnts of Balti-
more have, it is said, exceeded, in extent and
| fatality, those any other city in the Union
| For these, we fear there exist some causes
which have not been in operation elsewhere,
| and which were superadded to the CONNER
| cial pressure throughout the country. What
| the causes are, we cannot at present under
take to develop; but we do not doubt that
an exposition will, soon and completely, take
place. -
NASHVILLE, JUNE 8.
THE TINES.
The pressure for money, continues to be
| felt-within the last week, we have seen great
er sacrifices of property in this town, under
| the hammer, than we ever expected to have
heard of. The best kind of property has been
sold at little more than half what it would have
brought four months ago-it is apprehended
that the crisis has not yet passed by.
Gen. Gaines and lady arrived in town last
week,