The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1837-06-28
Extract Of a letter from New York.

Ertraet Of a letter from New York.
The entire change in the aspect of New
York is wonderful. Every thing speaks of
a change. The omnibuses which were
crowded by all sorts of people, from the
merchant hurrying on business, to the wash
erwoman, carrying home her work are
comparatively empty. People who have
any thing to do, walk, and save their hill
ings to buy bread. The eating houses are
deserted-I went in one under the Exchange
where the merchants used to congregate
all seemed in confusion, the keeper said he
was moving. asked whyi Because said
he, my customers are gone; where hun
dred clerks came in to lunch, and expen-
ded from two to eight shillings not one
comes now. They dine at home. There
is change in the aspect Of every thing,
except Notaries with their pockets full Of
protests, the change is all for the worse.
Wall.street is a house of mourning. The
merchants have been so stunned by tho
shock, that they have not yet had the heart
to pick up the peces.-Rents have had
strange sonerset.-Large aud splendid
houses can be Rad for fourth their former
rates, while small snug houses are in de-
nand. A case occurred of a man who lived
in palace at $4,000 dollars rent. He failed
and took small house for $500, his land
lord, to induce him 20 stay, offered to re-
ducc his rent to $500; it was too high /;
then TO 1000; that, too, was too high, ,"why,
then you may have it for the same rent you
are to give for the small housc."-'To tell
The truth, said the tenant, | can't afford
IT, for every servant is $500, and the furni-
ture of such house is beyond my means"
Palaces are drug. For the last FIVE years
no houses fit for poor people have been
built Now, few can afford to furnish and
keep,,a palace. There are enough houses
tor the next century, and the warehouses,
erected on the burnt district, will be ample
for at least the next fifty years. What
think you of a bed chamber furnished at
S5,OOOl
The banks and private individuals are ac-
tually coming into the market, and pur-
chasing specie for boarding or other pur-
poses. We learn on authority from several
quarters, that the banks are purchasing
specie through their private brokers, in ex-
change for their own biils.-The business
OF dscoun,ing is very much diminished Of
late, and the paper money on hand is in
crea.ing. At the Merchants Bank, on the
last discount day, only four small notes
were Offered for discount in addition TO the
These movements in specie, are of
most remarkable character. Before the
sailing of the packets, it is natural that the
demand for bullion should increase-but tho
iemand is widening and increasing all the
ime. The explanation, therefore, cannot
'e found altogether in foreign demand. 1t
must spring from other causes, growing out
It the condition Of the banks and the opin-
on of their managers of 'hr future.
The Inmdation at atBaitimore-It seems
D he the general opinion at Baltimore, or
1 least among The Baltimore Editors, that
he heavy calamity which has befallen that
ity, was occasioned by a water spout. 1t
J difficult to define the boundary which dis
nguishes between rain and poar but what.
yer name may be given TO the phenomenon
is evident from the effects, that it mus,
ave been of an extraordinary character.
he Baltimore Sun gives the following par
culars in regard TO the weather during the
'cHiHS duu HiSht VI tue HOOu. ABOUT
x O'Clock, our city was suddenly enveloped
! dark and heavy cloud which porlend-
an angry storm and rendered darkness
siblc' long before the sun set. Rain soon
falling, and continued in plen-
ful showers till about o'clock, when the
orm abated and every thing indicated
lin and pleasant night. About Q O'Clock
,other cloud made its appearance in the
orth West, accompanied by vivid flashes
lightning, and peal after peal of thunder
at almost shook the earth to its centro.
, little past Q o'clock terrific blaze OF
,htniug lighted up the adjacent country
ID in a few seconds was followed by
ash of thunder which shook the hrmest
brics of the city. Such peal, such
ash. We do not believe ever burst upon
E ears of All as,onished people. Though
I'm the time that elapsed between the lash
lightning and the bursting Of tho ihgn.
rbolt, we were led to supposc 1t were dis
II, the conclusion Of the elements wa
.adfully terrific, and was of itself quite
hcient TO remind nne of the utter feeble
Sc and fraIity of man. With this shock
thunder. he r,in, which he'd pr.yiously