True American. [volume] (New Orleans [La.]) 1835-18??, 1837-03-23


knithfal aua Hetd.
NEW. orleans:
THURSDAY March %, 1887
Lat day Of The Races--The day was unusually
aine. and the course in excellent order. Col Oliver
entered lay horse Monmouth, by John Richards,
dana Mc,gie Top. The contest lay between him
nd r. L. Claibora's sorrel mare Antelope, by
Stakeholder, dam by Timalcon, entered by the
successful Col. Bngasnan. Both animals were six
years old. Monmouth was none the better Of his
journey from his native soil, and he looked ms
though he was home sick. Antelope, on the con.
t:ary, seemed quite sa.sfed with her keeping and
aaiety awaited the coming s,rfe. The spectators.
were numerous, and considerable difference Of Opt
mon prevailed. The knowing ones were ready to
hazard their all on Monmouth from his past repu.
tasion. They found however tina, Antelope had
s.aunch hackers snd bets were freely taken.
At the tap Of the drum, Monmouth led off in
Fms style, and during tho FIRST quarter invited
Antelope rather pressineiy to come up. She did
not accept the invitation and lo,ered in the rear
Whereon Monmouth tusicd himself with his du-
~ and hurried home In the last stretch Antelope
manifested some trepidation and bore far to the
right with . view Of seeing how her anita gonist
moved. At tho top Of his met,ls away few the
horse, disdsining such bearing on the par, of An.
tslopc, and continued on his course. For the next
three quarters after he had passed the goal, Mon.
mouth inquired Of Antelope what she mean, to
dol She gave no answer, but made the turf
sremele beneath her long, steady lopes. Mon.
moath took the hint aud said no more. In the
last quarter he displayed some nneasiness ut see
ing his antagonist so close upon his heels. She
whispered in his right ear prenes garde, at which
he took courage, and with one bound LIFT behind
his presumpuous rival to come in at her pleasure.
The time m. So. Monmouth each round pre-.
ceding Antelope.
In the next heat Antelope set off with an avow.
I'd determination Of taking the service of plate,-
sha prize for which The race came of. Menmouth
row showed evdsn, signs Of indispesition, ard
fingered behind his rival the surprise of most Of
his friends. Without much exertion Antelope
took both heats, disappointing many, and nobly
sustaining her patrons. Coursing up to the goal
On the last round Of the last heat, Monmouth
shock hts head ~ournfuly at hearing the upbraid.
ing Of Antelope, who called te his recollection
that expressive line Of the Mantuan bard:.
ouadrapeaaass pusrem sonitu qualit uneuIa eampum.
AZ In another cline and on other ground Mem
mouth thought Of his superiority, bu. 'twa. all Of
no avail on the banks Of the Mississippi.
Time OF the second heat, 4 m. 9e.-thirJ m.
a7s. Antelope coming ont ahead each time.
The cutlery in New York abou, the failure Of
Mississippi and Alabama to pay up the debts con.
sracted l2to Is months ago in that city, hy the
merchants Of those states, is deserving at least
passing notice. Many buyers have gone on to
she north with tho bills Of that winding concern,
The Mics and Alnb. R. R. Co. in their peck cts, and
to sheie utter surprise there left without dol
lar. itappears that money enough hns gone on to
meet all demands, but it is in worthless paper So
expasperated nave the New York men become
shatmany OF thcdenlers have been sued on the spot
and imprisoned This short sighted policy will
only rceoil upon New York. That the dealers
havs been deceived 10 no fault of theirs.-he
came with the n,enention and ability of paving
up their debts. Though Southern and western
merchants are obliged TO sell on long credits and
consequently make many bad debts, yet in the
'"ids: OF monetary troubles Of no ordinary kind,
TO be nble to collect enough to serve their northern
creditors, gives positive eyd,nc of our real re.
sources. In February last, this Company had
issued bills to.the amount of $4s4 400. OF this
sum ST. 1915 were made payable in Philadelphia,
and S3i0,Il5 10 New York land this on CAPT,
tai OF only Sl54,965, which VIC believe was never
paid in. The Company did not provide dollar
OF funds TO redeem their paper in either Of these
ciiies. When it is known that premium Of two
20 three per cent has been paid the paper of this
banking Company, how express our indig-
nation at this conduct! What punishment would
he too severe for the president and directors Of
such concerne They ought to be sent TO Bn,aay
Bay forlife, if we had such place of exile. law
should be made expressly for swind ers in high
places. We regret The course of the New York
merchants in relation their unfortunate debtors
They have displayed a wan, of tact and know.
ledge Of business that We had not supposed them
guilty Of But the difficulties they are laborine
nnder make some excuse for their importantly,
Under all circumstances, we are confident that the
states in question will be amply able TO meet all
demands against them,-if a reasonable time be
given. There is no REFRESHING the inexhausuble
energies of southern enterprise Let New York
remember ,his-and all will be well.
ftyA. "Are you done investing in real estate,
this season!"
dence in productive properly remains undated and
mistaken"
A. 81 knew you had dealt considerably in the
article, but with much and prudence, that
you always closely examined into The relative
inertia ef real csiate--and bought with all due
caution.-Yet, did not know under tho hue and
cry raised agans, real estate oflate, you had back
cd out Of the market.n
D. alt requires good deal Of observation and
reflection to fully or properly appreciate all that is
said on Change. There are always two sides to
every report aoat, or in other words, two distinc,
and opposite classes, that appear on Change, viz:
hnyers and sellers. Let tho article be what it m ay,
TWO opinions prevails respecting tiff i, is cotton,
The buyer, is prepared to show by arguments, SC.
nmost unfa favorable stale of the market The seller
on the other hand, is equally prepared to show the
soundest condition Of the article, and will also
show probability Of an carly advance.
lfit be money, no people delight much in
the cry Of "itard hn,es,-n,oney market Gght-faH-
'ifes," &C. as all brokers an money shnvers do
while the man who needs accom- mediation c .nnot
for the life Of him, see how times have got any
worse. II the article be real estn,e, the same dis
crepaney prevails. The buyer would make all
believe that it was going to ruin every body, from
the president duwn,-that real estate has gone
above lis value, and those who deal in it now must
run great risk, hazard, &c-whe the seller is