True American. [volume] (New Orleans [La.]) 1835-18??, 1839-09-21
LOUISVILLE, Sept. 3, 1889.

LOUISVILLE, Sert3, 1882
My Dear Gibson:
Since my last nothing Of moment has transpirec
IN the trading community Of this city relieve the
pressure i'll the money market. The circulation of the
Bank OF Kentucky is now reduced to soma II hundred
thousand dollars, having undergone cur,ail of hun.
oreo Thousand IN the Inst two months. 1t is said ,hnt
the whole circulation of the Kentucky banks through
ont the state does not exceed q millions of dollars
Inc same system of drawing IN has been pursued bv
the lndiana and Ohio banks even greater EXTENT
find upon enquiry, that the cause of this extra shore.
ming OF the circulating medium, springs from the dis
trust by the hunks Of the course of Mr. Van Buren's
government, and from the continued demand for spece
ny promiscuous holders of 5, 10 and 20 dollar Bills
The banks thus driven to act on the defensive Inv nm
lmical government and by the conduct of its friends in
their direct auck upon the credit Of these institutions
Added to this state of ihngs is The open proclamation
in this section OF the union by the loco tuco CAPITALISTS
that there ure too many merchants for the bu mess of
Louisville and Cincinnati. Thus are the honest hnrd
working aud upright Traders with small means 10 be
sacrificed by The mammoth dealers backed by a ler
treasury general government. The truth is, ndiydual
credit has BEEN is, and is be attacked BY the party in
power and their yrmilonS until the prosperity of the
community shall have received a blow from which it
cannot recover except the mercy Of the aminstra.
ton. Mr. Calhouns July cxhurtation to the CAPITALISTS
that it is their interest to sustain Mr. Van Buren,
has not fallen on barren ground In the mean time the
agricultural Interest," enriched ly the scarcity of pros
ducts Tor the last two is arraycd against the com
mercal interest Theresulr, greatly fear will be the
utteEdestruction of all banks the estah smen OF the
sub.treasurv, and the reelection power of the cou-
try's d rest enemy Martin Van Buren,. Nothing but
determination on the part Of the opposon akin to that
Of despair, the republic.
So far as can judge, and have access to the hest
means of niormation the wings of the west have been
at last reused to- sense Of their danger. There is the
utmost zeal betrayed Defeat may nerve US for
victory in $40. The nominee Of the convention it is
now believed, will Henry Clay. 4 few of the Iar>
rison p"rers nave mad. great fuss ant, have urged the
claims If the General 18th renewed warmth hut, none
OF them have gnifed their intention Of Abandoning the
man of the Convention That Genl Harrison will Of
fer II" impeachment, if Mr.. Clay is chosen, have been
assured from emitted to great credit The hiCs
seem to have adopted the sentiment pretty generally
Victory or death, under suchu adler as Henry Clay !"
This is the true feeling.
day or two since, visited the bag ing and ,opc
in this ely. II is in full operation and
i"omS at work Some years since factory was erected
ut Richmond, in this state, 10 make tagging by ma.
cnery but ii flilr in consequence of cutting up the
fibre Of the hemp in order spin il. Blu the n,arhi
~ in use in the Louisville factory pre-, er,e the fibre in
its perfection and smooth, as that for the mathis
featuring Of cotton. The Of making harging by
hand is from 10 To Ia cents yard. BY this machine
the cost is reduced To yard be sides, better
article ia iurnpl Ouf Ia :. I,, ~
Gould Of Boston, and is perfect in itself. have taken
notes and will send you full description in few DAYS
Louisville ia not improving the rat. :, Iouis is
lnd it not been the laie crisis, nothing could have
arrested its prosperity. !, has, however, receive,
heck from which it not likely yer, to recover
\ change in the money policy of tie general govern.
'ent will remove the weights that now keep dow lis
prings and then this cv will move on to her high des
iny-,ha of hcng the metropolis of the west IT, how
YER the hard money principles of the men in power ba
he order of the day, 81. Louis will get start that no
hing can arrest for that place. having enjoyed the
eavening influence Of credit to very high Decree is
,dy to start i'll the race. under the Bcn,onun od:r Of
hings.
In the internal trade of this great basin continual
haEges gradually effected. Their. is one WINCH
nay he interesting to your readers to know.
Some Ave years ago, Havana green cctf c was the
liefartice Of consumption in this section The amount
inre then has continued to be pretty much the same,
ut the demand for the Rio Coffee has more than quad
upled. 1t is now than that enjoyed by the
havana green In other words The natural increase of
consumption in the article of coffee has centred its If
ppm the Rio berry. The consequence is, arrangements
hear, made to import Direct through YOUR civ
aee from Rio Janriro. 1t would be well for same g.,
hruc. ,,,,n chat,