Maumee express. [volume] (Maumee City, Ohio) 1837-1838, 1837-04-22
From the N. Y. Herald, April 10.

THE NEWS OF THE WEEK has been oil
the highest importance. Not since the
war, in 1912, has such state of excite
' ment been seen in Wall-street. Each
day it has presented crowd of anx-
ious, solicitous, wondering faces
Standing opposite the great Trinity, and
looking eastward, down Wall-street, it
has looked like hive of bees, in state
of prodigious commotion from Monday
til! Saturday.
In the early part of the week we had
news from Liverpool and from New Or
leans of the worst possible character in
commercial matters. In consequence of
the financial measures of the United
States Bank, the last week closed with
an easier feeling, but only for brief
time. The disastrous accounts of more
failures in New Orleans, and great ex-
citement all over the south west, began
the terror afresb in Wall-street. Added
to this the continued depression of Amer
ican produce In Europe, and the spirit
of our commercial men almost sunk
within them. Accordingly since Mon
day, each day has been followed with
fresh disorder and wider reaction.
The whole attention Of the country is
absorbed in the commercial revolution
now going onward like the rushing wa
ters Of the Niagara to the terrible rocky
crescent, frowning above the ocean that
has swept over it to the abyss below.
Our foreign news politically, has been
unimportant. We are so much senga-
ged in our monetary affairs that we care
nothing for the political matters of other
nations. England appears to be in the
midst of similar revolution 10 our own.
The whole nation from sea to sea is aff
fccted with the disasters brought on by a
long peace, and great artificial growth
of the commercial system.
+ From Mexico and Texas we have no
news of any interest. The truth is we
are entirely absorbed with our own af-
fairs, and particularly with the pecunia-
ry exigencies Of the city.
The excitement throughout the city is
immense. All ordinary mental action is
gone. We move by impulses, fits and
starts. The great commercial revolu-
ton in the higher ranks of business is
beginning to reach the lower. Large
manufacturers and master builders are
turning their work people out Of employ.
Probably three thousand persons will
be thrown idle. this week. Many of the
clothing stores and boot and shoe ware
; : houses which have failed, will create
great distress among females and fami-
lies employed in The manufacture Of such
goods for the south and west.
; In Newark, we learn that almost one
half of that once flourishing town has
failed, and an immense number Of labor
ing people and operatives are thrown
out Of employment.
The effects of this reaction are begin
ming to show themselves in other rela
tions of life. The failures which have
: taken place will break up many domcs
tic establishments. Furniture Of al
kinds is advertised for sale-houses ant
stores are thrown back upon the hands
) of the owners-and the Revelation ap
: pears to be spreading into every rela
ton Of private and domestic life. Higl
! prices of provisions are slowly begin
ming to come down. Flour, cotton. rea
! estate, have all fallen from 10 TO 80 pc
I cent.
! !, The disasters of commerce are nc
: : confined to the counting room or to meI
= chants and clerks. Such a harricane as
J now blowing will soon affect every elias
and every condition. During the la:
= three years, the most luxurious and e1
: = pensve habits had been introduced int
u every rank Of society. The simpl
y manners and tastes of former days ha
& entirely fled. For ten years past tw
thirds Of the fashionable classes as the
2, call themselves have been living beyon
u their incomes. The revolution no
I comes and the change will be bitter
e the extreme. Those who rode in ca
g riages must now take to foot--and tho'
= who diped at S or O'clock and sat ~
@ hours over the most delicate wines, vi
9, have to do as ] do, cal boiled chicke
y and think il delicious with simple gla
Z Of porter.
k The Hudson River is now free Of ic
Is and steamboats, are plying regularly b