True American. [volume] (New Orleans [La.]) 1835-18??, 1837-04-20
PRIVATE CORRESPONDENCE.
Washington, .4pril 10, 1887

(From our own CurrGSponGent.)
The pressure in the money mark ct is the entire
subject Of CONVERSATION in our city, and we look
with great anxiety to the news from the great com
.nyrcaI city. The administration here would not,
if they could, do anything to relieve the pressure,
The Globe, the organ of the kitchen cabinet,
(Which rules still the destines Of our counry }
says, "TnERE is NO PRESSURE IN TIE MONEY MAR
KET THAT ANY HONEST MAN SHOULD EEGHEr.' The
office holders feel no prcssure; they receive regu
larry their salaries, and are the only men here who
have money, and are fleeing our tradesmen with
their ready cash The news in the papers of the
llth instant, state that the money mark ct is easier,
and that stocks have risen. Private advices of the
afternoon say, that s!things are no better, S
have again fallen to-day' There has been about
one hundred and twenty failures in New York.
Some OF the largest manufacturing esta bshmenls
have stopped business, and nearly three thousand
aborers have been thrown out of employment
The pressure has found its way into the large
printing Establishments The Harpers have dis
charged the most OF their hands, and will do little
or nothing. Many of the merchants are breaking
up housekeeping, and all are reducing their expen-
ses as much as possible. Philadelphia is be-
ginning 10 feel the pressure; they have had about
thirty failures: some to very large amount. Bal
linore aud Richmond also beginning to feel
the hard times.
The Massachusetts Senate have rescinded their
mad abolition resolulions-neithcr of the great
parties intended to be outdone by b other; and
thus the resolutions were Introduced and passed.
| Van Buren, was supported in Massachusetts at he
| presidential election, as an aboionist; and in
Louisiana as an ant-abolitonist. Just with the
tariff: he was supported in Massa chusetts and
Louisiana as tariff man, and in Virginia anti
tariff. His pledges to veto any bill that might be
passed by congress, aboshing slavery in the Dis
| trict, is of his promises, made to be broken a
any time he sees proper; from the number of Of
flee holders office seek ers and political sycoplan
| in this place, who slave property, he ceult
have ma orty of the people here TO decide in ia
vor of abolition; and l think it highly probable
that a movement is now going to effect that object
There are now five hundred and fifty aborers EN-.
poyed here at work on the Patent Office, Treasury
building, and public grounds, (or were yeslerlay,)
and some two thousand clerks and messengers, al
dependent on the pleasure of man for thel
bread. The laborers the public works al
turned out this morning for higher wages, and t
| demand that no negro slave should be employed
| BY the government: their committee waited on th
president this morning, and | suppose he ha
granted their demands, for understand they al
at work, or a part of them, this evening.
In New York the pressure has broken up tn
Trades Union in toto. Hundreds and thousand
of laborers and mechanics are Parading the stteer
constantly, begging employment at any price, O
on any terms; hence uncle Sam is their prlnclpa
employer, and the little ''King'' his agent: the
manage him as they please. Laborers wan: S
per day.
Kendall and Matty manage matters so secret
in the Kitchen that it is hard to find out what the
are about. The Specie circular will not be 1T
scnGed. 1t is thought the Land Offices will b
closed in May;-an effort is or has been made |
have them closed, but the decision Of Malty is nc
certainly known.