The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-02-02
philadelphia Correspondence.
PHILADELPnIA, Jan. 81, 1871.

PHILADELPHIA, Jan. 81, lS4l.
Stocks remain in statu quo. The Banks are doing
little or nothing for individuals though intmated
in my last, they have been obliged TO come forward
and help the State order to save her credit and pre-
serve her honor, having taken about seven hundred
thousand Of the eight hundred thousand loan; this
of course helps to tighten money in our market
hope see the day, though can scarcely expect to
see it, when States shall longer disturb the bust
operations Of the merchant and the manufacturer
by being borrowers and wasteul expenders ofthat
ney which is so much needed by our manufacturers
and mercantile class. Much of the money which the
States have borrowed might well have been thrown
into the expended in the way it has been, and
to pay the interest annually puts of them to
their utmost exerons better stop where they are and
instead of running deeper in debt, adopt ways and
means to gradually pay off what they owe.
The latest news from Europe, of which you will
receive particular account from your excellent New
York correspondent is highly important and crafty
ing | observe it is stated in one Of the London pa
pers that opium had risen in India from 1900 to $1,000
per chest in consequence Of the of the difficult
ties with China being settled II is be hoped that
the Emperor will not in his negotiation with Com.
poisonous drug into his empire; and for the honor OF
Great Britain it is be hoped that her government
will not only insist upon this privilege, but that it will
enter into stipulation to aid in preventing this poison
from being imported. 1t may crafty of our in
veterate tcadrnkers learn that the of the set
Element of the Chinese question had the effect of
ducing that important article 7 pence per pound in
London.
The Harrison and Tyler Ball went of ON Thurs
day evening with much ecat. II was very splendid
affair, but Democratic as it was splendid.
All ranks and classes here mingled and met terms
of equality. Here the merchant and the mechanic
the butcher and the broker, were friends and equals
And to the ladies, God bless them, they were all
dressed tasteiuly smiled sweetly, and looked SC
enchantingy, that the mustachioed exclusives
thought of uquiring which eat with silver
forks and used finger cups at dinner, or which were
so extremely questionable to eat and washed their
hands " like other folks"
| You will perceive that our City Council and the
Trustees of the Girard College, have got into con-
roversy in regard to the of money that ought
to be annually expended upon that costly building
until it shall be completed Mr.. Biddle being the chic
champion Of the Trustees, and the advocate of large
| expenditure, ana nos. . onth ESQ Tresiueht U
the Common Council, the leader of Council in this
affair. Hereafter may give brief statement of tho
| point ia controversy
We look with anxious desire for the printed reports
of the able speeches lately delivered in the Senate b,
those eminent statesmen, Mr. Webster and MIR. Clay
The subject is of deep interest to the whole ma
ton and their speeches ought TO be circulated Jar an,
wide even to the uttermost borders of the land.
| The honor conferred on Mr. Evans of Maine, ii
well mcritcd and is but just reward for long faithful
and eminent services IN good cause. X, Y.