The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-05-19
From tis Corrsspoadent Of tie Nat. Iateliissneer.
NV YORK, MAY 2, 1897.


The Hibernia, from Liverpool, April ,,
arrived this morning. The political news
Is quite unimporiant. The commercial
news, of course, interests every body.
Bear in mind this fact. No American
packe, had arrived at Liverpool or London
since the Geo. Washington sailed, which
brought the last news to this port from Eu.
rope. OF course, then, the English, when
the ilibernla sailed, knew nothing more OF
the money transactions IN this country
An we hear now is a confirmation of the
support given 10 the American houses; the
expectation of reinlttances from this coun-
try /; aud belief that We should be able TO
stand the shock. because we had withstood
the great IRE, the cholera, &c. all the while
forgetting that we must withstand the Ad-
minislra,lon, which, is neither the great fire
nor the cholera, as you well know.
These arrangements and expectations in
England had gwen some confidence to the
British money market. Cotton rallied a
little, and then fell back. Il is very clear
that this arrival docs net determine the
character ii the crisis. We must wait
aga'u.
From france we learn that the run upon
the Savings Banks continues; that the for
nation Of Ministry occupies the public al
teniion; that there is great distress IN the
manufacturing cities, and particularly 10
Lyons. That codniry seems 10 be in ve
~ unsettled condition, though the elections
10 the National Guards still show strong
attachment TO the new dynasty.
There is such IA rIgmarole Of contradc-
tory news from Spain, that | cannot make
much OF it, That Gnthing wonderful has
happened there i, is quite clear, else the
newspapers would agree upon II.
From New England and the interior Of
New York there is nothing remarkable
Mr.. Webster left Boston Oh Saturday TO &C
on his contemplated tour up the Mississippi
to the falls of St. Anthony, and to-day he
left this city for Philadelphia.
Arthur Tappan failed yesterday. He is
said to be worth half million clear; but il
a man is worth ten millions in these times,
and even has a million IN deposIie, say IN
New Orleans, he must fail IN New York,
if he ewes $40, GOO only, which he cannot
get mere 10 money. The entire breaking
up Of our domestic exchanges, which the
deposlte banks cannot transact, puts every
merchant at the disposal Of chance. Mr..
Tappan has made a good fight, but he has
at last tumbled down by the whrlwnd Of
the times. Ii IS feared his failure will drag
down others.
The East India mercbanta are now hay.
ing hard times on account Of the depression
IN the Tea and silk trade. What is the mat
ter with The People | hear one now and
then ask. They are sick with new DIS.
ease, always answer. What IS II per.
haps am asked again. Why, new plogse
has come upon US from the East, that store.
house Of plague--the plague Of despotism
AID this Is now rayagIng America, just a:
1t ravages the East.
The house Of Bently & Co. has failed il
Liverpool. The London Times 10 the city
article Of April lst, talks Of an arrangement
WHICH the Bank Of England has made with
The Bank of the Unltea States, by which
the Bank Of the United States viii be per.
united TO draw uithout remittance IN spe.
cte. Ii Mr. BIddie car brln' this to pass,
every body will be fascinated With "the
monster" have not time 10 inquire about
this before the Express mail is off but II is
ali important fumor.
STILL LATER.
NEW YORK, MAY 3.