Litchfield enquirer., 1837-05-25
LAST WEEKS OMISSIONS.
Review of the New. York Market, May l3.

The week commenced with greater despondency, than we have ever experienced For two days, the run on Banks was so great, that the Banks could not afford the slightest aid On the contrary, they were fast sinking themselves On Wednesday morning they gave up, and on that morning, the papers all come out with the official declaration ot them all, that appeared amazed, and hardly knew how to recelveit Fears were entertained that the excitement would be so great, that mobs would be the result. The new mayor however, took the most eftectual means to put down all riotngs by having the military in readiness Fortunately, however, the whole passed off without the slightest disturbance. The effect on the public has been such as to cause instant reet Stocks have taken place, and things appear brighter. The shock here will vibrate throughout the whole country. AL ready every Bank within the sound of the news, has had to yield to the same alternative. Providence, Baltimore, Phil hiladephia, Albany and all along in the intermediate places, have yielded to the current.
 COttOn-The sales during the week that have come to our knowledge, extend to 2l00 bales Of these about 1000 were sold previous to the suspension of specie payments by the banks at very low rates say from s4 for oTdiHary to IF for mddIng dar to fair About lloo bales have been M s1ce disposed have withdrawn reducing the stock on sale to5 to 600 bales. The quality of cotton now offered, ranges from middling to middling fair and rates from to l-2 Strictly fair, Florida or Mobile, would now com mand II. Wequote from l-2 to livery little be- low 8.
 Nour-Until yesterday, Flour has been exceeding ly dull, and generally on the fall. Yesterday howev- CT, there was revival, and Western sold for $8 very freely for common brands, New York and lroy' " $7 50. Richmond City Mills, $S 70. Georgetown, $9 $9 50. There was brighter feeling for every thing and Flour felt the change as well as other art- cles.
 week. Sales fmess at l3 1-2 l5, which is below any rate we have known any sales at Tn more than year. Prime l-2 12. Beef dull-sales at IA for gless $, and 8 8 l@s for prime Lard Ga &c., Hams
 Money-This has been the most extraordinary week ever passed, and will be memorable era in the history of our country. For more than month y falling away, until the pressure was so great that the Banks had to follow. The run on them commen- ced on Monday morning, and on Tuesday F. M after
 period of only ten hours they welded and all sus and as fast as the news could travel every Bank have had to follow. Money as tight as 1t could be the first two days of the week; since winch, the whole community have been wonderfully relieved. The banks now can discount without fear, and they now begin to put out bills freely. Yesterday and to-day, they have discounted very freely.
 "In seven months from this time" said the Globe several years ago. "bank rags will be abolished and the whole country will be overspread with gold. Ev- cry farmer and merchant in the West wll have long which the yellow gold will shine and glitter" Yes indeed" echoed Col Johnson in his speec hes through out his Congressional District "the Globe tells the truth The e Se ana oud hs within few inches of his right ear as if shaking purse of eagles and dollars and then exclaim-" An gentlemen ' can hear tt chink already :" As an amusing commentary we now republish the following paragraph from the last number of the Globe. Citi- zens of the United States were ye not beautifully humbugged ?-Lou Journal
 From the Globe.
 "THERE IS NO PRESSURE WHICH ANY HONEST MAN SHOULD REGRET. The cry pressure for money, when isin greater abundance than ever before, is cry of famine in the midst of the most plentiful harvest SOME THERE MAY BE, EVEN IN SUCH TIMES, WHO HAVE NOTHING TO EAT, BUT IT CAN BE ONLY THOSE WHO DE SERVE TO STARvE, BECAUSE THEY HAVE EARNED NoTH- ING."