Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1839-10-24

1Eo Nf st'C'EA tbC ttaiut
Of the Winchester Savings Institution, to supply
them with small change,
Extracts from The Correspondence Of the National
InfeHigencer.
NEw YORK, October 2.
The political movements in this State are rapidly
beginning. In this city, there is some commo.ion
in the administration ranks, which was felt In their
ward meetings the other evening, seriously in some
cases. The contest is between the old Locofocos.
the Slam Bang party Of the Park, so called, and
the old Democrats. The Locofocos, so called. OF
the most ultra school, have carried Is out Of II
wards in the city, and they aver that they will car
ry out their achievement in the wards in Tamma.
ny Hall, and there nominate an Assembly Ticket
to represent their principles.
The Conservatives OF this State have Just been
holding a large State Convention at Syracuse. Mr..
IALLMADeE had been addressing the Convention,
and Mr.. LfaARE, of South Carolina, was expected
to follow him. The conservatives 10 this State are
active. They exert a good deal of influence, and
their Convention exhibits no tagging of the inte-
rest they have taken in repelling the sub Treasury.
From CANTON we have dates TO MAY %. The
Chinese Government have gone to exlremities With
the opium traders. A general edict has been issu.
ed by the Imperial Commissioner, giving leave to
all foreigners to depart from the empire. All crews
and sAips OF foreign nations arriving in Canton are
made liable TO the penalties Of confscation and
death, upon the conclusion Of the Chinese authori-
ties that they have been engaged in introducing OPT
nm. Upon this, the British Superintendent deems
u unsafe for Europeans thus to expose their lives to
The testimony and judgment OF Hong merchants,
linguists, and compradores. The sixteen hostages,
with one or two exceptions, are still retained BY
the Government, notwithstanding all the opium has
been given up.
The schooner Catherine, Captain DuHpAs, of
Baltimore, 80 days from Sierra Leone, arrived here
yesterday as a prize TO Fl. b. NJ. brig Dolphin
She was captured and sent here for trial on the sus.
picion VI being a SLAYER. She was ftled out at Ha.
vana, and has two sets of papers.
The U. S. frigaie Constellation was, Aug %. at
sea-, within four or five days of Rio, having been
40 days from Havana.
The hustle of election preparation is heard in all
parts Of the State. "The MARYLAND Line, has ra-
Their disappointed us, bu, the disappointment will
do US no hurt. IL is necessary for New York to
feel what New York has to do.
New YoRK, October -,
The money crisis in this city is passing over, and,
as the banks stand firm, the present fears OF sus.
pension Eere are over. The New England banks
also stand hrm. There is no panic in Boston, their
headquarters. As far south as North Carolina,
bank bills sell here at 10 per cent. discount, but
there is no sale as yet of any bank notes beyond,
or OF Western or Northwestern bank notes. There
IS no means OF obtaining exchange now upon the
Southwest or West. The holders of Southwestern
post notes find their resources all at once utterly
unavailable. People who hold Southern or West.
ern funds are most enxiously waiting the turn of
events, and hoping for order from existing chaos.
The suspension OF 1887 threw things into confusion.
hut the universality of the Suspension then pu, all
upon a par, whereas there is just enough L. fl to
make us feel helpless on the eminencc where we
are. The foreign exchanges are anxiously looked
IN pnp md thara - ar.ut .s..-. cI-
ter OF the bills, but tie rate as yet has not risen,
and probably will not rise much as long as our
banks pay specie. U. S. Bank stock TO-DAY was
sold as low as 20. All stocks ars down, but none
in that proportion.
From CHINA we have dates to June .. and from
Macao to the 4th. The British Superintendent.
Capt. ELLIOTT, left Canton for Macao, MAY "a.
accompanied by all the British residents, and by
some OF other nations. The trade was almost com
pletely broken up, and but a few Americans renal.
ned in Canon. Capt. ELLIorr had chartered a
swift vessel TO take dispatches to his Governments,
psa a port on the Red Sea, where WAGHoRN's over
land mail would take it on. The opium had no,
been destroyed, but would be soon, and the Chinese
were debating upon the mode Of destroying it,
LIS, the Commissioner of the Celestial Emperor.
had been promoted for his success TO the govern.
ment OF two OF the best provinces in the empire.
The arrivals here are numerous. and tbs ;n,or.
tations great, but not, | trust, on American ac-
count.
New YORK, October IA.
The Globe has much to say of a remark Of mine
that the baVks here bravely sustained the run upon
them. To set myself right | have to add, that
though there was no run upon The banks down town,
which have little or no circulation, there vas a run
upon some of the small banks up town, winch hare
a circulation. trust New York will hold our. but
| should be a faithiess correspondent if were TO
conceal the fact that many have misgivinys and
fears. We look to New England with hope. We
look to New Orleans also with hope that that CITY
will stand by US. The East is firm.
The Rhode Island banks suspended under an inn.
preston that New York had given in, but will re-
sumo again beyond doubt. Some of the banks in
TINS city, II Is certain, will under no circumstances
suspend. They have dollar for dollar, and cannot
be Affected by any disasters elsewhere.
Exchange upon London is now a matter Of much
attention. The rate is not yet settled, and there
are but few b~il-dlawers. 1t is certain. however
that the rate will be so high as to make specie a
profitable expectation. A large amour; goes out
IN the packet to-day, and a much larger amount will
go out in the Liverpool on Saturday. The banks
VIII draw on this that goes out. Oar indebtedness.
as exhibited by exchanges against us, will. il is
probable, continue for a long time.
From VERMONT we learn that the Wings have
elected their Speaker in the House, thus:
Carlos Coolidge, (Whig.) ll6
Paul Dillingham;, ". b. 1909
Wing majority, 2
Governor JENIscS's majority is 9, 1851. Thus
we have all, as | assumed van when ths elsr.;o, ,-.a