Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-09-10


: The following gloomy picture Of HE rresen,
condition Of tie cry Of New York II rnen.n the
Express. The dark clouds ~hich/os, upon tho
face Of tue entIr, land are unfoIunately bu, too
well in keeping with The view /rrs presented Of
the commercial emporium:
There are at the present /ns more Stores and
houses 10 rent than VIC /,e ever known, and
rents ore lower han iheS/a,o been Tor 20 years
past In tho upper pnrl 4 lie eiiy il is truly sur
pfis'ng 10 see the great /.m1er ot bills pasted W.
Large expensive hUasZ r,ni for atf,I,np sum =
\ large number Of st/rcs and WAREHOUSES on, Of
The mos; business e/tgu Of the cny are eilher
shut up ef are tot g very Iacun~Idrrahlc sum;
ana ia some ct ou/sacAiest thaGeugi.tarea some
Of me hhest stoT/ ale closed up; ihtrd, fourth
and fjf:a rate No. we're never 50 cmr,y or SO
ehhcnt 10 Teht/- Al the present time. For
'eIaI months VS. there have been every few days
more or Tess /lures, and very recently there have
been been some yho Tor years stood high rs men Of
cfeat' and /pI'al. Although there has been
sIduen ~ ct goods or produce, nor any great re-
Nu'sion + trade or commerce, yet there has been
n Era1a/ decline IN all branches Of trado
la - great mechanical and manufacturing
hfan T. there has been = general Prostration.-
In - great branch q mcC hanca! trade, building,
WI change! Daring the Spring and Summer
wye fourth Of the usual number of stores and
h/sas have boon put up, vast number Of me-
/UHcs and !uborers have been thrown out Of en-
F-., and at this time idbDrCrs receiving
t- tive and half cents day pit tanco
hen iaen are obliged To fiad themselves. Nor Is
aIs all the prospect Cor The fall aud winter
never WORSE, nor IS there any prospect or prom
Isc that there will tie any considerable number
Of buildings put UP thls year. \ number Of
most ntcrprisiug master builders have recently
been compelled to make assignments and 10 nado
arrangements for the bankrupt act. A large mum
Der OF saiimakeTs. carpenters, and various me
chancs are thrown cut Of employ.
The great shipping interest, which is OF such
vast importance to ihe country, and particularly
to this city, is in bad state 8 we have known
II for years; the great of large freghting
vessels are wholly upo mpoyed, and tied up
dIsmantled al tho Wharves the upper part Of
the city and in Brooklyn. We believe there is
but one ship of md magnitude IN the humorous
ship yards in this city, fact seldom
known before. That The domestic manufacturers
are suffering beyond all former precedent. tho
failures TINT take place among the proprietors,
the shutting up Of various cstablis uts, nd the
large surplus OF goods hand, is conclusive ey.
ldencc. Nor tho importers doing much bet
that they make greater losses and more bad debts
than ever. The farmer has equal cause of CON.
plant; with pork down 10 eigh, dollars per barrel
oats at thirty cents a bushel, and other articles
in propoTtion hey no better Carbohydrates
complain there is bat little employ MT for mon
cy, so that all Glasses seem suffer alike. II is
very far from agreeable TO present picture like
this of the distressed tate Of trade aud COM
nerce, but it is nevertheless faithful represen.
tation.