The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-07-13
Nen fork Correspondence.
NEw York, July II, 1874


In spite Of the general lassitude prevailing at this
season of the year, and the absence from the City Of
very many capitalists and businessmen, Commercial
and Money matters wear brighter aspect within the
last two or three days. The noble days work of
last Tuesday at the Capitol electrifes us, and the
strengthened hope that all the great Wing measures
of the Extra Session, framed to ensure success
and the hearty Of the People and their chosen
servants will be carried through, difuses JOY and
animation. Business has been better the last week
than for several preceding Cotton is firm Flour and
Grain quick at the highest prices of the season,
| and tend upward, Ashes have advanced. Flour,
common Genesee, is stiff at S. 81 l-2, which is an
| advance of II l-2 in the last week Ohio SIS 81
SIS Sc; Michigan IS 81 IS 40; Southern IS So
Of Wheat, there is none in Market. Corn is in de-
mand and has risen Northern Sc; Southern g. l-2
There is a corresponding advance at Boston; and
hope the end is not yet
Stocks sold shade lower yesterday. HOO shares
Of IT, 8. Bank transferred, closing at l6 "a cash
"a decline of l-S. Canton Co. advanced l-2
Exchange on London is still l-2; and in Domes-
tic there is very little change.
Mr.. Cay's Bank Bill attracts very general regard,
and its provisions very generally approved My
the Stock would all be taken in week. Still, doubts
exist whether even such Bank could constrain
General Resumption within year, and Resumption
is the point to which we are all looking here. do
hope our Wing friends will allow the General Bank
rupt Law, to be so framed as to compel Corporations
to pay their debts within a reasonable time not by
touching their existence, which know is objection
able, but by taking hold of their effects and distrbut
ing them 10 their creditors. Why should it not'
With such Bankrupt Law and good Bank, think
might commence next years business on basis
Of general solvcncy | fear one of these measures
would not effect this without the other Will
friends think well of this natter
There quite fire last night at Haet's Cove,
r. l., few miles above this City, in the turpentine
factory Of Mr.. Mills, which entirely destroyed.
The loss is estimated at $4,000.
The Loco-focos talk of running my excellent
friend JOHN l.. STEPHENS, Esq,-auther of the capt.
tai Incidents of Travel in Egypt, Arabia, Russia,
&C., and lately in Central America-for the State
Senate next fall. John has always been sort of a
Jackson man, had rich appointment to Central
America from Van Buren,, which would subject him
to some Joking if lie had not been beforehand with
every body by making so much fun Of it himself Gin
his book that nobody else has the heart to say
word. He once made speech in Tammany for the
music of the thing and will make Loco-foco can
ddate Of nearly average orthodoxy. But should he
happen to get in to the Senate he will certainly be
read out of the party before his term is half out
But mum III say much, shall prevent his nomi-
nation which would not do for the world. He
goes on the ticket not Loco, but lion--like
Forrest.
After month of intense heat we have now week
of beautifully cool delightful weather. hope Con-
gress has the same at Washington--and will inn
prove H.
Yours, HAROLD.