Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-05-02

THINGS IN NEW YORK.
From the Commercial Advertiser, Monday bv

HlOSl OF lDC DlOhCiS DOh5lN WsotNlH "N'NN
this morning, at per cent.
There were several additional failures on
Saturday-the whole number Of large houses
that have suspended, since the first crash in
Wall street, being two hundred and hlccn.-
For more Than 70,000,0O0 j
Troubles near by.--We regret to learn that
tho Ludlow Factory Company has Jailed, and
the property all assigned. large Manullc-
TURING establishment in TounlOn, II Is also
said, has stopped payment. 1t is further ru-
INQUIRED that some OF the Lowell Factories have
slammed This is bad news for the wool grow.
ors and tho holders on Of wool for higher pr-
cos-Rut. Herald.
Pressure in Massachusetts. Boston
Courier of Friday has the following;
In this city we have had some failures, with
in few days for very large amounts, which
effect also the Newly ork houses, and ycs,er'
day the extensive house of Checker and Rich
ardson, at Taunton, was reported 10 have
failed for six hundred thous md dollars they
have had dealing 10 very heavy amount in
this citv Tho shoe dealers in some of the
neiuhborng towns are expected 10 be great
sufferers by the failures at the south.
It is stated that the stoppage OF several
houses ia New York, extensively engaged in
the shoe business, has occasloned great many
failures in Lynn, and has affected the other
The Hartford Review says;
1.-TWO or three failures have lately occur
red in this city from the difficulty Of obtaining
remittancos from the South and Wcst-There
is general stagnatiun Of business in our
midst
From the Now-York Express.
CAUSES OF THE PUBLIC CALAMITY.
The programme Of the existing condition of
things, which is but the vcrfcaton of the
prophecies of 1882, 1888, and 1884, may be
drawn thus:
PRMARY CAUSE.-THE ueto upon The Untted
STATES Bank Consequences Of Hat.-The
TRIPPING of the State bank capiiul-over bank
ing-over mpor ing-thc borrowing of specie
from Europe 10 support the issues OF the State
banks
SECONDARY Cause.-The removal Of The de-
positfs. Consequence IS Of that.--Gre at stimulus
to the State Banks in their issues. The maxi
ing of state banks political agents The in
vcstment Of the public funds in the public
lands by p,rtsans and othors. Tho ncfi-
cheney OF tho State bank to manage the do
mestc exchange. Difficulty Of cashDg bills
on distant states. Great suffering in the trans
Ter Of the public resources, md great danger
or loss.
TulRD CAUSE.-THE Treasury Crcular.-
Consequences.
The pilinG up o. the specie in the West md
Southwest, and subject 10 the call Of the
government. inability OF tho western banks
TO discount. Tho consequent inability of the
merchants to pay their debts TO tho seaboard.
Failures in tie west and failures on the sea-
board Alarm of our creditors in Eng lund-a
call FOR pay-inabiity 10 pny--po notes,
bonds, temporary expedlents FOR rclef--a want
of confdonco-no man knows whom 10 trust
"a crash. England calling on us for imme-
tliato paw, forces cotton into market -
Cotton falls. Real estate goes down. Usut-
crs scared. Money on bond aud mort "a &c
three per cent month
THE VOICE OF THE PEOPLE.
Mir Van Buren,, elected by a minority of The
people evidently intends 10 be a representative
of tho minority Of that minority, and 10 dlso-
hey the public will. Thus on the Treasury
Circular which he persists in now-we have
bad the following demonstration of publis o.
ptnion:
Foa rHs RErEAL.
TIE Senate. House Of Representatives..
Ayes al. Ayes las.
THE CABINET.
For the Repeal. against
Mr. Woodbury., AIR. Butler,
Poinsc,t, Kendall.
Dickcrson,
Forsyth.
Now every word which tho Washington
Globe uttcrs in behalf Of this Circular is an
attack, not only upon all Mr. Van Buren's
friends, who swccd the majority in the SEN
ate and the House, but upon those four Scerc-
iarcs in the cabinet, who in fact are the cabi-
net, FOR the Attorney General and the Post
mnstcr General do not, properly speaking, be-
long 10 the cabinet. All those gentlemen are
compelled 10 abide the insolencc of the govern
mcn', and take its lash;ngs every day 10.
WHICH is TRUE7
From the Globe.
There is no pressure which any honest man
should regret"
"This cry Of pressure for money, when it il
in greater abundance than ever before is like
a cry OF famine in the most plentiful harvest
Some there may be, even in such times, who
have nothing to cat, but it can be only those
who deserve TO starve, because they have earn
od nothing"
From the same Globe
The nine millions transferable on the frs
pit April has made severe pressure in New
DIRK and other cities, which pressure must slil
De repeated with greater intensity on The frs
fully and October"
Now which ia tue, sage organ Of the Gov
rnmenl?
HAPPY CONSEQUENCES OF TIE
GOLDHuMBUG.
General Jackson, in his late annual me-.
bye, observed with reference to lie Treas
ry Order, "1Ant his country ,rouM .fnd
the MOTIVES Which had induced ii
ma IN the HAPPY consequences ,chic
.ec cnsued, much to connend and moth
= TO condemn"
The people differ very materially from
rnci1aDt Vn.Le,,, 'Ebo,, d, T. l.