True American. [volume] (New Orleans [La.]) 1835-18??, 1837-04-28
The express mail fram New Ycrk to the ooh

The express mail from New Ycrk to the eOE
brings sloomier accounts than ever. We have let
tiers from sources that every reliance nav be
placed on, and they are full of apprehensions for
| the future. Nor arc they vague and uncertain
aPprehcnsons, but they come to US clothed with
all the probability that experience and facts can
| authorize MS TO assume.
The failures continue in that city. Bullock,
Lyman 4 Co, extensively engaged in exc. anoc
operations between Canada and England, went by
the board on the 10Th. Their stoppnce will be felt
very severely y HUNDREDS who had escaped ND to
that moment. Mr. Bullock placed in the concern
few years ago, actual capital to the nm cunt of
OF SoOo,ooo, and 10, at one cash all his earn
ings swep, from his grasp. When such men fall
no one is considered safe.
Extensive failures are taking place among the
| manufacturers. New England will, in this way,
fesl the blow more scnsibly perhaps than any
other portion of the Unian. Thousands of people
Will lie thrown out Of employ, and cut off from the
usual supplies Of the neccssares Of life. Their
frngali'y will avail them nothing, for they will be
deprived Of the frs. means of subsistence.
The committee that went to Albany on tho
goth, will have TO return without doing any thing.
The Legislature is opposed to interfering in the
matter They cannot see how greater expansion
OF the paper currency will remedy the evils of the
present delugc that strikes terror into the minds
OF the rejecting. For they act md think
like statesmen.
general spirit of indignation prevails in New
York At some reflections of our contcm porary, the
Bee, against the merchants Of that city. We
| . nh ttc H., H.
wrong premises, and from the facs now in our
| possession Nc are confirmed in our opinion. The
Josephs' declare that the extensions of the New
Orleans houses broke them. They were on the
paper Of the lat for three millions and had only
on hand $4,000 of their funds. large house
here, among the first that suspended d, wished the
Iosephs to refund it's cash advances and suffer the
paper on which they were, to come back and be
provided for in tho best way possible. By the
| statements mada in the f}cc and the Advertiser
we were led to suppose that the very reverse Of
this statement was the case. However unmercan-
tile was the conduct of the Jnscphs in suffering
their names To go out TO such an cxtent,we should
not attach all the blame to them when they were
doing wha, they could to keep up the cotton mo-
nopoly here. If the whole truth were known,
there could not be found many guilt So enough
to cast the frs, We have in our possession
facts exhibit a corruption in the trude Of this city
and New York, unequal!cd in the annals of com
mcrcc. They shall be given in due time, and at
proper time
The New Iok tank steady, though hard
run. They look with great anxiety to the mex,
packets. Their shares are awfully down, and
with every prospect of going lever The action
of the government, the tone of its prints, and a
! thousand other circumstances, conspirc to make
them fear for the future. There are now scvcn>
teen and half millions Of deposites in their
vaults, and yet the government intends to call for
the second in.talment of the surplus in specie.
| The end of the matter will soon DC found, if the
deposiors and the government should be brought
into conflict. The strongest arm will sweep away
the metals.
Nothing is doing but furniture sacs. The mo-
noPo!ists that have been oustcd are isposing of
their chrysalis at great sacrifices P II Schcnck's
i splendid furniture was sold on the 18th TO give
some idea of the eastern grandeur in which our
American nabobs lived, --if they could afford il,
twas all rght-a single bcds,ead was put up
that cost in London .E5OO! Who shall say tina,
our people are not kingly in their hearts!
The western bank paper is selling in Wall stree,
at almost half its value. Indeed, it is difficult to
get it off at all. Some uncasness is beginning to
he felt by the west New Workers. The fall OF
flour is paving serious effect upon their banks.
On all sides, in all quarters, VIC see nothing bu
general bankruptcy and ruin. The whole ys,en
OF our commerce is precisely in the condition tina
the pyramid Of Chcops would be if inverted.