The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-03-31

Mr.. TALLMADGE was charged, with making
panic, in the performance Of his duty few
days since, in presenting the remonstrance Of
nine thousand legal voters Of New York,
against the atrocious Sub Treasury scheme.
Let his heartless accusers read the following
from the New York Times Of Saturday last.
OUR PRESENT SITUATION,
One who has no better business engage his leisure
in passing through the lower part OF the city,
prsed at tho number Of bills, ITO Let" which he Oh.
served on stores aud dwellings, particularly the former
These labels, unusual IN former years, especially
the very heart Of former commercial operations, in
duced the writer ascertain their number m the tirst
ward Accordingly he commenced, this day, on the
souherly side Of Liberty street. and passing through all
the south Of the above line which bounds the
FIRST Ward he ascertaned their number TO be FIVE
HUNDRED AND SEVENTYNINE!
The stores closed, but not labelled, were not nclud
ed in the above enumeration.
large number OF tho stores to let" among the
most splendid in the city, and cost the owners, lnclud
ing the ground, from twenty-hv to fifty thousand dol
lars each AS many Of the labels we're for parts Of
stores only the writer estimated the average rent a. only
$500 for each label which amounts 70 the sum Of TWO
HUNDRED AND. EIGHTY NINE THOUSAND
FIVE HUNDRED DOLLARS
Should no tenants be found and that is the prospect
the above sum only small part OF the loss which the
owners Of real will suffer in the First Ward alone
by the experiments Of rulers upon the monetary
affairs Of the country. The writer would advise his
fellow mechanics pass the ground, and look
for themselves and then ask each other what their
prospects for the future. ... A. .,.t
Let laboring also pause and refect-those thou
sands who live on the prosperity Of commerce and the
credit system which has built up great city. What
are their prospects for supporting themselves and their
families for the coming year.
And vet is as true the light Of the sun that thou
sands of industrious mechanics cartmen and day labor
ers, who unable TO obtain employment, with fam-
lies in great want for the necessares Of life
daily mporuned by trained band Of office holders re-
ceiyng their three and FIVE dollars day from the 60
vernment to give their support to the Treasury and
other Loco Foco doctrines, to complete their rum by
keeping those IN power whose measures have caused
the children Of the working man to cry aloud for bread
49,. A MECHANIC.
March %, 1898 .E
We feel no disposition to underrate the business of
New York. but il strikes folly to complain Of the
measures OF the government rulnous TO prosper
ty and then labor conceal the facts which substan
tate the grounds Of complaint If the business of the
city is in fourshng condition., whence all the oppos-
ton TO the Sub Treasury and the Loco Foco doctrines
identified with that scheme There is inconsistency
in this course that do not like to be responsible for
and there is mpohcy connected with 1t that can en-
sure no good result Il Is useless 10 assure the people
Of the country, who alone control the action Of the
government, that the financial policy Of the admnistra
ton is blghtng all prospects, and then deny or
cover up the fact that that policy any baneful
effect upon this emporium. With these views, give
place to the communication OF "A Mechanic, who is
what he represents himself be, and has personally
qnested its insertion.
We do not pretend, nor does our correspondent, that
there is no business going forward in the city Of New
York There are three hundred thousand persons here
TO feed and clohe and that alone is sufficient to pro-
duce moderate degree OF stir aud hustle The milk
man goes his morning round. charcoal J" is sounding
as sonorotsly everhe ferry boats run to
BROOKLYN and Jersey Cry-and merchant ship pre-
sents lovely spectacle at distance, without freight
when laden The traders OF the interior are finding
their the city, and they probably buy goods
But does this make New York look now as New York
has been No ! the silence Of the desert upon
this subject deude the people of this city into belief
that all is well, when there is nothing well.
But while we are ndlsposed thus to veil our eyes
from the staring evidences Of the depressed state of
trade, shall not fnd necessary to represent the
affairs of rival being in any degree more pros
porous than own The causes which have affected
the whole country must be felt by PhIlade phia in
measure though the great amount OF the banking capi
tall some II Is 900 Of which is foreign, has en-
abled her break the force Of the blow which fell with
such stunning effect upon New York. The circulation
of the old Of the United States Bank, IN the south
west and west has enabled the merchants in that
ton 10 make payments AT Philadelphia than here,
but there are here probably good stocks of mechan-
disc though not large in amount, canbe found there
Still the country dealers will not make heavy purchases
this spring, and though the Atlantic towns may be
hronged by them, sales to half the amount OF former
seasons cannot be anticipated
In reference the communication above, it contains
startling facts. They such facts ought to be
known by the public and by the political men of all par
tics They ought to be made the subject of reflection
by every voter in the city. ..-."