Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1837-08-09

Yours &C.
From the New-Orleans Commercial Bulletin, July 81.
By the arrival of the brig Ringleader, and the
schooner Levin Jones, yesterday from Tampico,
which place they left on the 18th inst we learn
that since the defeat of Montezuma, nothing of
the slightest importance had occurred in that
port. Every thing Rsmainsd quiet till time of
their departure, withevery prospect OF remaining
so. The immense C0nducta, SO long spoken Of,
amounting to two millions of dollars, some-
thing between two and three hundred mule loads
of silver, great part of which is destined for
this port, was expected to arrive the 18th, two
days after the departure of the vessels. BY the
Ringleader and Levin Jones, no less a sum than
one hundred and eighty-seven thousand dollars
in specie have been received by different houses
in this city, that at length there is every like
lhood of all DESTROYS of the "sillef" getting their
fill of it, Of this immense amount of precious
metal, one hundred and twenty-five thousand
two hundred dollars came to the house of Lizard.
1t is little to be wondered at that the contnu-
ed flowing in of such large amounts of the ''desi-
red" is at length beginning to bring it to its nat
ural standard; and consequently, the highest that
we hear quoted just now, except by those imme-
diately interested in the price the article il ten
per cent. premium. We have heard of sales at a
much lower rate, which all go to prove that the
day of panic is passed, and that the public mind
is fast returning to that wholesome tone which
will fit it for calm and dispsssionate examina-
ton of the real Objectionable feature which may
exist in our present monetary system--a task to
which 1t was naturally incompetent while sway
ed by every alarming doctrine, preached either by
those utterly incompetent to discuss SO abstruse
a subject or by others who desired nothing better
than to witness things at their very worst, though
perhaps, mistaken notion that from hence might
arise whatsoever state of things. As an iddi-
tional proof of the increasing stability of the pub
lie mind, we may mention the instance of sale
of household property few days since in the Ar
cade Exchange, which brought at public auction
price amounting to within ten per cent. of that
which it sold at within twelve months since,
when such investments were at a very high val
ue. Yet another: As far as we can hear the
demand for specie at those banks paying it, is of
a very minor character. The truth is. the NUM-
cipality issued, by rendering small buying and
selling a matter of no difficulty, are working
most favorably.
From the same of Julyi25.
NEw-ORLEANs, July l6, 1887
Gent: After closing the Express Mail of yes
terday we find the following posted up on the
bulletin board:.
"The Board of Directors of the Louisiana
State Bank have resolved in their meeting of the
18th inst. to pay in specie the following notes
S. 10, 90 and so and on the following notes
-$100-60 500-100; 100000"
Specie, the brokers say, has been about yester-
day as the day before, but could not ascertain
of any sale worthy of mention. A great many
of our citizens left this yesterday for watering
places and north;-the number was unusually
large, and they of course required small sums of
specie; which accounts for no alteration. 1t is
confidently believed that in few days it will be
drug in our market as we look daily for all our
Banks to follow the example of the Louisiana
State. The Municipality notes are now in full
circulation, they are drawing the private bonus
home rapidly. Yours, &c.