Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1839-11-14
Hon. JOIN BELL is on his way to Washington CT

NEW York, Noyemb'

lHttHtRfHIt5
New YoRK, November 2.
The pressure upon the money market IS unaoa-
ted, Tonight, il being the night of the weeks pay
day. it is believed that 4. 900 persons at least, men
and women, will be turned OUT Of employ. Almost
all who are connected with the Southern trade are
dischareing what workmen and workwomen they
have, particularly The makers oil clothes tor a Sou
thern market, the hatters, the manufacturers oil
machinery. OF carriages, &c. sc. They do TINS
because il is impossible to sell what articles they
have, or to collect what is due, or even to raise mo-
oey to pay their hands. Failures take place as a
matter Of course 10 such times, and the anxieties
and pains of the merchants, as well as Their sacri-
fees in order 10 meet their engagements, are truly
deplorable.
The domestic exchanges are so bad that you can
not well imagine them worse than they are. Ex-
change on Philadelphia to-day is Is per cent
From three TO four per cent. per month Is paid here
for money. Some stocks have advanced to-day,
and others have receded. U. S. Bank is II. Vast
quantities Of -four continue to go out to Europe
Zen millions Of our foreign debt, it is estimated,
will be paid in flour. Country bank notes continue
at a great discount, varying from one TO seven and
eight per cent. The banks most accessible to the
brokers here have made arrangements Tor the re-
dempiion of their notes in New York.
The election for State officers that commences
here next week is undoubtedly viewed by you all
as Of great importance and significance. From the
best information | can get the country stands where
ii did. We shall lose some, and gam some but
it i, believed that the third sober thought viii be
ofer the manner Of the second. In this mercurial
city, however, which has so large q portion OF the
State delegation, l3 out of 1913 members, IL Is I'M
possible TO say what will be the result. But for
The lato Tammany pledges, | have had no doubt
that the Tammany party would take tile CITY put
- IL =. -. -. a,..nn cor tho ti,pas md tho
property.holding men in the Tammany party shrink
buck from them. The contest now is a fair and
equal one, to be determined by the amount of exer-
ton. The merchants are more Indifferent than usu-
al; they are thinking so much of their mercantile
credit and honor, that they have not time to think
of political affairs. ] trust, however, we shall, as a
whole, come ont right. | think we shall. These
4" Butt Enders," that make so much noise, are not
the people to make this State. New York may be
bribed, but it cannot be bullied.
New YORK, November 3.
The Great Western has arrived, with London
and Liverpool dates of Friday, the 18Th of October,
and with Bristol dates to the 10Th. The CONNER
cial news IS important, and, although not ~altogeth-
err favorable, it may do something towards quieting
the public mind. An anxiety quite unusual was
in England at the time of the sailing of
tho Great Western TO hear the latest news from
The news by the British Queen, which
had arrived out on the 18th, had been devoured,
there was but little disposition to do any thing
in American business until the Liverpool arrived.
1t was presumed that the Embarrassment of the
s Bank Agency in England would have a seri-
Dus effec, upon business matters here, and what that
effect was all were anxious to learn. There was a
great want of confidence also arising from this I'M
certain state of things.
The harvest has, beyond all controversy, proved
,ot,ar than roa anticinatpi wban The IiyerpOOI
left, But the crop was not good, and the
iour merchants were demanding high prices, and
would not sell without them. The manufacturing
districts present a gloomy appearance, and but lit
lie was doing. The cotton market, too, though no
material change took place in October, had not i'm
proved.
There was no expectation that the Bank OF Eng
and would suspend specie payments. One-Pound
notes would be resorted to before such an event
could happen.
The only news from France is rumors of chan
ges in the Cabinet.
The Great Western brought 100 passengers.-
She was but ii days and 6 hours upon the passage,
and made her passage from New York to England
in Is DAYS and q few hours. The British Queen
was ii days and 90 hours in going to England
She leaves on the 18th instant, and when the Great
Western left had nearly 200 passengers engaged,
In Spain quiet had not been wholly restored.-
EsPARTERo was marching against CABRERA. Nv
en- Don CARLOS, as il is binted in some OF the
French papers, was becoming restless, and again
of the Crown. Others, however, deny
this, and say he has positively authorized his agents
at Paris to instruct his friends in Spain to lay down
their arms.
Affairs in the East look as squally as ever.
Among the passengers in the Great Western, |
see the names of Major VAN buren, and lady.
New York, November 4.
The effect Of the foreign news upon the money
and stock markets has been favorable. The ar
rangement the United States Bank, through Mr..
Jaudon, has made for the protection of its foreign
bills, is news highly agreeable and satisfactory, in
asmuch as parties interested here are anxious no
longer, and as American credit pro tanto is pro-
tecled. Stocks have all risen to-day. U. S. Bank
nearly 10 per cent. and there is a much better fee
ling in the street, though it cannot be said there is
as yet any actual relic. in the money market. For
the particulars Of the news, which are many, !
must commend you to the newspapers.
II. B.. NJ. brig Serpent, Captain Gore. arrived
here yesterday, from Port Royal, lst ult., end Ha-
vana, 10th ult., with Sir Lionel Smith, late Cover
nor of Jamaica.
From RIO GRASDE we learn that Porto Allegro
is still besieged by the rebels, who have had seve-
raj skirmishes with the Government troops. Tho
latter suffered considerably in an encounter, in
which 500 rebels attacked the Government troops,
and obliged them to take refuge in the city, being
almost cut to pieces.
The ELEcTIos opened this morning with a clear
sky, but the clouds now are thick and betoken a
storm. The polls are free, and access is easy
The Locofocos have not thus far manifested theiI
usual spirit, and the Wings have out-voted them
even in some of their own Wards. This is no sign
of what is to be The result, however.
The boldne.s and frankness with which the Lo-
cofocos of the city now proclaim their principles
are highly honorable; but the Albany Argus care
fully suppresses the pledges and the points these
Locofocos make here. On their banners to-day,
in various Wards, | read
AN INDEPENDENT TREASURY,
STATE AND NATIONAL.
THE SPEEDY SUPPRESSION OF SMALL