Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-06-21
Important fren New oPlcans-Ansshor Gem
mercial CPisis ~ she South.
CRY or NEw ORLEANs, June s. 1850

City or NEW ORLEANS, June >, 1889.
MR. JAS. GsRDoH BENNETT:
| DEAR SrR-Having leisure hour this evening,
and being quietly seated in my sanctum, thought
would endeavorto cater fer the taste and amusemen Mt
of the numerous readers Of yeur spirtly and spicy
Herald the wade mecum of the press of the CITY
Of Gotham. Business has actually come to Z stand
still The vast number Of steamboats, that have
constantly running on the mighty Mississippi and
Ohio rivers, and their almost innamerable tributa-
ries, find navigation very difficult and dan
gerous, owing to the low stage OF the waters and the
fear of being snagged; consequently, produce and
cotton, the staple articles Of the upper countries,
come down slowly, and by the middle of July our
markets will have to depend mostly fiat boats fer
| their supplies OF produce, &c. &c.
| The cotton fever and the enormous Nolte specula-
tions have received severe check by the recent in
tellgence from Europe, which brings an unlock ed
for decline in the foreign markets. This news will
prove appalling nay disastrous to many commercial
houses in this city and also to banking institution
which has got itself eatrapped, and firmly linked in
with the affairs of the "great SPECTATORS" and
things fast beginning to serious and threa-
teRiLg aspect. Strong symptoms of anotaer CONNER
cial crisis begin 10 show themselves to the public
eye, and a result is now foreseen-a tremendous
crash among some Of the wealthiest houses here.
Another revolution in monetary affairs and finances
Of the country must sooner later take place, which
in its nsequences will prove even than the
| panic Of SO and 81. The chariot wheels Of
merce have mostly ceased to roll for season. and
general apathy, stupor, and painful suspense per-
wade the mind of the public Bills for the first pur
chases of cotton that forwarded to Europe this
| season have been returned by the last packet to
large amount, protested for nOn-acceptance. This
fact has created alarming sensation here; and the
| anticipated news by the Great Western, which
this has probably arrived at your port is looked for
by all with an unusual degree Of interest. 1t will
possibly decide the fate Of many, should the COM
pexien Of the accounts brought by her be any more
aniavorable for markets. Then look cut for
squalls-grlm visages-and depressed spirits-new
de velopments-and terrible denouement emay
exclam truly
These are times of doubt and PERIL
SO Ats the scud the sky,
Now muttering thunder-now discharging rain"
Some sixty ships in port that here
FIVE and even six months ago, awaiting the rise of
freghts, which are ranging from 7-l6d to 3D., and
rather inclined downward. There remain but two
alternatves-one is, to accept OF the going rates as
the is far ad vanced, leave here in ballast
for home-with nothing to remunerate them for eX
penses while lying idle, (no small sum- Those
sells who took up with fregh}s in the early part Of
the season at Sd. and 9-l6d to Liverpool, and &C.
voyages; and consequently have done much better
for the owners purses than those who have remain
ed until now for the anticipated rise Of reights.
Oar levee, the pride of New Orleans, now presents
a dull and barren spectacle; in my peregrinations
there, do not the thousands of steamboats,, as in
the business season. constantly arriving and depart
ing-richy laden with all the products Of the bound
less Wesnor the forests Of shipping that annually
adorn and grace the banks of the Mississippi
sand a change softly
Stealing DER the spirit of my Dreams"
And suitag the action TO the word, / will leave the
business for the pleasure world. As a change some
times proves agreeable, will " hold the mirror up
to nature, and give you the dts gossip, with all
the lively and agreeable news ! am master of.
The weather has been oppressively hot ever since
the 1st of May. Occasionally we are favored with
a refreshing shower. The thermometer ranges
from IS to 81, and the mosquitoes do bite most pro-
digiously The nights are 50 hot and these rascals
with their long bills so annoying, that TO sleep is a
thing impossible. The most etiectual remedy is TO
-cgars-the live.iong night.
Those citizens who remain here through the sea-
have already resorted the cool breezes Of the
lake, to hunt and fish, Thousands of strangers have
left To spend the summer north. Some have gone 10
New-York, and thsnce by steamers TO Europe =
while others have made tracks for Texas &c. Il. I'd
The city which has been full OF hustle life animation,
gay parties, balls, theatrcals soirees distinguished
visitors, (among others the beautiful American YES
pucei)-all the season. now wears gloom and me-
ianc holy ;and might almost ancy,as he walks the
streets, that some alarming epidemic was spreading
its fearful ravages among the peaceful inhabitants of
the city. However, old Yellow Jack will soon make
his appearance, having already made very success
full debut al Havana.
Ii is quite pleasant 10 spend evening here
these lovely, soft, and svery moonlight evenings
toby taking a fine ride TO the lake, the ia
shell road, and plunge into the invigsrating
waters, atrip TO Carroton, the Prairie cottage,
20 miles out, and various other agreeable drives a
bout the vicinity Of New Orleans, which can be
spent a. agreeably as elsewhere-quite equal 10
Long Island. Some five or sax duels have been
fought since the sudden rise Of the thermometer =
Some Tor Bowie knives, some broad swords,
others for pistols and rifles, and internal machines.
Several parties engaged in adjusting the prelimi
naries Of more meetings. so wags the world. The
berths Of the fine steam packet New-York, now
in the Texas line, all engaged for her trip your
city on the 18th inst. She Is expected To accom-
plish the voyage In from TO y days, touching at
Key West and Charleston. The Cuba and Columbia
remain here, still doing good business in the Texas
trade Our ladies' particularly la belle Creole, far
exceed in point Of beauty and perfect symmetry
Of form, even the distinguished bellies Of New York
and Boston. They look bcwitchinsly beautiful to-
day, promenading through Canal, Royal and Char
tres-streets.
Ii has been whispered here within few days that
you intend crossing the Atlantic again this ncr,
that gaised such celebrity for you throughout the
Queen Victoria, John Van Buren,, and particularly
Lord Melbourne. ! have nothing further TO add at
this time. but remainyours,
FIeARo IN NEw.0RLEAss.
p :. The packet ship Cherokee sails for Boston
today with p passengers.
FLonDA.-This territory is in a curious cond
ton. Every day develops something new, something
singular something strange and something astound-
ing. The people Of this great nation. are surprised
and astonIshed daily by the magnificent treaties
made by the American generals and the manner
which they are broken BY the Indians.
General McComb makes his appearance among the
Seminoles and enters into an agreement with some
one either black red, white, and every thing Is
arranged for peace. The Indians To retire south