New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-08-24
rTHE AMERICAS LIE IssuaAscE AND

u
It's bonds a. five per cent. ard loa1ing it in this
Coaaery ct sevcI per cent on bond aud mortgage,
has failed-H1ainly through the grea. depreciation
Of tee Real Estate on whichits loans were secured,
bat partly Also we presume, from the mismanage-
n1e-t of It's officers in taking Insufficient OF unre
liable securities. and in loanRg TOO much TO each
other. The stockholders (thsse who were not bor-
rowers-and there were probably some such,) VIII
lose considerably by this failure, and the foreign
creditors of the Company are also likely to suffer
But it had no paper afsat or right to issue any,
and the public generally are not harmed
a schedule of the assets OF the Companyis pub
lished, which shows ST them to be good;
others aimost certainly worthless Yet this is made
the pretext of an indiseriminate attack on those
who obtained loans on the Company Is there
any Justice in this? For instance, William b.
Seward and Others many years since bought out
the interes, of Wilhelm Willinl1 and others in
Holland to Lands in Chautauque County, obtaining
money to make payment therefor Of this Trust
Company, and giving Mortgage on the Lands as
security. That Mortgage we know to be aound-
ant, unfailng security; though the settlers cannot
pay fer their Lands very rapidly in such times as
these. But they will ultimately pay all, and the
mortgaged property is amply sufficient. Is there
anv blame, then, attaching to those who bought
out the Land from the Dutch owners Have they
been guilty of injustice fraud If no, why are
their names paraded as though they were insol-
vent, or had been guilty of some misdemeanor!
Is it crime to have borrowed money On ample Sc
curity, because the lender has since been over
whelmed with endorsements
But The Union grows moral over this failure,
and asserts that
"If United States Bank had been chartered last year.
and the stock by any chance, had been suoscribed 1t
would have blown up like this institution has, and equally
dssNrou because u the very .co figured here Z7ere
haUe had charge Of henesc THIS We BELIEVE
" WILL NOT BE DENIED ~!
OF course, nothing that The Union says needs
be denied, because no one looks to it for truth
No man ever heard, dreamed or imagined that
John Duer was to be placed at the head of Ma
tional Bank-but what odds3 Chase the Judge
out of this fabrication and he only runs int ane
Their; so what is the usei
After hanging to this as many other fabrications
and falsehoed., by inucndo, as possible, The In
ION winds up
owe congratulate our old Democratic friends Tamma-
NY that of their numbers bad consequence enough 10
I've implicated in such fTaus II was only the rued shirt
and slk.stockng party who be trusted with the
millions belonging to conhdng scrip holders-t was your
ced.champagne and OBSERVATION-DISCLOSURES gentry, who
could borrow 100000 piece and throw in wild lands and
Mississippi stocks security. Had poor Democrat VEN
ured hat in hand hum5y implore small loan, good
productive house and lot he would have been dismissed
with lordy air. and informed that the company did not
transact such small business"
Now, the author of this baseness was speaking
of schedule of the debts dae the Company, on
which the names of Benjamin F. Butler, Charles
Butler, David d. Field, B0loen Whiting, and
any quantity of his Democratic friends in Tam.
many Figure conspicuously;" but what rnattered
thati The effect of the untruth is just as good as
if it wers truth and his q Democratic friends in
Tsmmany" must be satisfied that his powers OF
invention remain snmpaired, they viii hardly
receive the returning prodiga. That he possesses
just the requisite of principle for their SER
vice, is not doubted on any side
EXPLOSION OF STEAM Bo1LERs.-A memorial
from James O'Connor in relation to the ext losion
of stcam-boilers, presented to Congress recently,
contains some very interesting statements in re-
lation to the power. of the steam-boller. The pa
per states that Mr.. O,Connor has discovered the
exact degree of heat at which an explosion must
inevitably take place, and gives tables in support
of his theory. He measures it 1908 degrees. A
cubic inch of steam 208 degrees contains but los
atoms Of water and 70092 atoms of caloric. From
the quantity thus found in the cubic inch of steam
at 2s5 degrees, Mr.. O'Connor says he is confident
that the explosion point could no: exceed 300 de-
grees but from table made out with critical ex-
ac,ness fixes the degrees of heat at which boiler
mast explode, and to which he invites the severest
scrutiny. Thus from this table it appears that u
boiler cannot be heated up TO 3G8 degrees without
producing certain and inevitable explosion. A
general knowledge of this fact, it is thought would
prevent of such appalling catastrophes
have been witnessed. 1t is proposed that all
boilers should be furnished with a thermometer,
whose bulb should be immersed in the water, and
thereby indicate its exact degree Of heat. The
immersion of the bulb of thermometer in the
steam does not enable the instrument to exhibit
the degree of heat or elastic force of water in a
boiler. The elastic force of steam is in arth-
metical progression, and not geometrical, which
governs the increase of the elastic force of water
1t appears truly strange [says this documenD and
not easily to be accounted for that the elastic force
of water is increased in geometrical progression,
while the steam generated from il and found in
the same boiler has bat increase of elastic force
in arithmecal progression 1t is still stranger and
more remarkable coincidence, that the elastic force
of water and steam should be the same within 3OS
degrees of heat, while the rules which govern the
increase of elastic water force of the two fluids
vary much from each other.
MIsTERIous.-The Schenectady Reflector states
that some workmen, in digging at the head of Mai
den Lane, near State-street, in that city, few
DAYS since, found number of human skulls and
bones, and among them the entire skull of fe-
male, with the face down. On the back par. aud
entirely through the skull was cut, made appa-