Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-04-04

L.
keL-The state of feeling is still bad i'll Wall
street, and there is more general dstrust than
has prevailed at any previous period during
the long continued embarrassment upon the
money market. Nlonied men it is quite evil
dent arc holding back their funds, and will
not take paper which has heretofore gone
freely. They seem determined to see before
they move, whether the clouds are to pour
down storm or blow OFT for sunshine.
We are glad to learn that for this difficulty
a remedy has been hit upon. y representa-
ton is circulating and receiving the general
appreciation Of the merchants, addressed to the
U, S. Bank, recommending that that mstltu-
ton should take the merchants paper and Is
sue Post notes, PAYABLE at future day.
This arrangement seems to Us TO meet the
emergency exactly, by furnishing such sccurl-
ty to money lenders as will amply satisfy
them and draw out the dorment resources
If the Bank can mend the present cmergen-
cy with its great strength it vii. certainly be
rendering the highest service to the communl-
W. We dare say the Bank will have the dis
position to enter into any judcious arrange
ment.-Jour Of Com.
Wall Shyet.-Oac o'c!ock.-Thc transac-
tions this morning at the stock exchange arc
not very heavy, but at better prices than
those OF yesterday. The money market is nc
easier. Indeed, so far from 1t, that we under
stand that many of the brokers are curtalhng
their purcl. a ,es of uncurrent bank paper.
". Y. Com. Adr.
A letter dated at New York, 25th inst. says
-"Accounts have just reached town from
Philadelphia, that the Bank of the United
States had determined to issue Post Notes, at
four and six months, as requested by the mer'
chants of this city"
Nrw-YoRK, MARCH GIVE understand
that a committee of Merchants of this city,
have succeeded in a negotiating with the U,
s. Bank. for an issue of tive millions OF dollars
of post notes, at three months.
Mercantile Adrir. d. Adr.
We understand from good authority, that
every note that icn due on Saturday, III the
Merchants Bank and Bank of America were
paid, Notwithstanding the pressure in the mon
cv market The above banks are two OF the
principal banks in our city.-Ibu.
w
state, that the conditional subscription IN this
Town, to the Stock OF the Fayetteville and
Western Rail Road Company, has been made
absolute, and We feel satisfied, that this no.
bic enterprise so important to the Weston
portion OF North Calolina, will now "go
ahead" Salisbury Watchman
The income of the estate ofStephen Girard
deceased, for the year 1886, was S4lS,OOO.
The greater portion of this sum is appropriated
to the Girard College, to which Sl52,OOO were
appropriated the previous year. 1t is SAID the
Institution, when completed, will be the most
splendid in the Union.
A fire lately occurred in Washington n. c.,
which destroyed property to the estimated
amount of 100000.
Nep Jerseytree from Tar.-In consequence
of the abunuant resources OF the Treasury
from the public works, bank tax, &c. the Leg
islature has this year authorized no State tax,
which usually amounted to about $4,000.
awe understand that the Texan Ministers
would have been duly accredited and received
by Mr.. VAN BUREN, but for some defect IN their
credentials. 1t was their intention to leave
Washington on Wednesday. Mr.. Wharton
will return to Texas, and Gen. Hunt will visit
Vicksburg, where he expects to receive his
proper credentials, and will then return to the
seat of Government. The best spirit prevails
between the United States and Texas
Richmond Enquirer.
Ney Hampshirc ElectiOn-Thc admins
tration ticket has succeeded in this State.
Gov. Hill is reelected.
Pe,asMrania.--Thc parties in the Conven-;
ton elect for amending the Constitution CT
this State are nearly balanced. The anti
Bank party had a ma jority of one, but mem
Der on that side dieing, made the numbers
equal, 66 to &C. The election to supply the
vacancy has resultedin the choice OF a friend OF
the u. S. Bank.
We are authorized to announce Col. w. j..
HAM, Of the 2Sth Regiment s. G. Militia, as