New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-06-01
Resumption in the West -Curreucy-vr.
Wan Burcu - Politics-C Crops Emigra-
lion. &c.

Vas Bnrcn PoIitic.-Crop. Emisra-
Correspondence Of TIE Tr.bua,.
CivcrNNAri Thursday May y.
/ Dear Sir: The news Of the Resumption OF
the New-Orlean' Banks, excepting the Citizens
has reached you bofore this time, together with
( the causes which Jed TO IT, These Western and
South-Wcstern Bank Assumptions viii tend more
to the restoration Of public confidence than You can
estimate, especially in our part of the country
We haar to-day that one of the Louisville Banks
has fully resumed, and that others are payin. out
specie on demand. At least one Branch Of the
| State Bank of Indiana is doing this, and you are
aware that the parent bank resumes on the 18th
] June, together with the Bank OF Illinois. The
/ State Bank Of Illinois will not resume. as it J.
thought; but it she goes into liquidation, it will
fleet all that We want here, which i. to know
lctly how these moncyed institutions stand. the
mysterious veil Of Suspension being drawn aside.
! The Aabu,ln, Georgia Mississippi and Arkansas
concerns that pretend to do baskIns. of no par
ticular importance here, and | feel confident
may row speedily loo, for better state Of things,
TOR when our Money. the representative OF value,
secure, all o.lsr things will stand upon firm
,asis. Oar specie currency has suffered a trans
mutation within the last week, dimes and five
cent pieces having fallen back to their original
value, they having passed for year or 80 back,
- twelve and cents. The movement orgna-
I'd in the penny papers having stated that their
carrier, would no longer take the ten cent pieces
| Tor any more than their original value the butch
followed it 'up. This depreciation of the
hines will fall heavily upon vast number of per-
sons, especially bakers and the like, and il mat
! ter OF some moment here.
The ex-Prcsident from your State in Lex
| ng'oa Last Friday accompanied 10y the illustri-
aus Col. X. NJ. johnson; hr will be In this city
| IN the course Of few days. and in letter TO his
friend. at ST Louis thinks lac will reach there on
! he 10Th of June, and will return home by the
upper Lakes. He thus will make almost the
tire circle of the Union, and doubtless afford gen
cral qualification to tho Loco-foc
You doubtless heard some time since of the dis
approval &c the proceedings uf last Legislature
| ~ some Of the most prominent ' an Burc. men in
the State, including Messrs iauer. Mcdowell,
&c ard the passage OF series of resolutions by
thom condemning the idea of pure hard-moncy
currency. This movement will be followed up 10y
another of the same sort. on the iih prox by the
Locos of Brown county The Wings of Portage
in favor of good Banking system. thu Tariff and
Corwn; they advocated the equitable division of
the State into Congressional Districts.
The Western crops are every where promising.
though long continuance of damp, cool weather
has brought out the cut-worm in prodigious num-
bers, aud some districts of Indiana and Illinois
have suffered severely the Ohio crop OF tins year
j. estimated at twenty-five millions Of bushels,
being SO per cent; more than the great crop of
1889 The Kentucky crops of tobacco, corn. 81.
are in fine condition, and the whole West indeed
seems coming forward with supply, which will
overru. the granarics of the Last with her surplus
produce. AMI IL may be hoped restore credit with
the European capitalists. Our resources are per-
iccty magnificent but alas that Loco-Foco Le-
gi,aton should devise every means in it, power
to turn them into mill-stoncs around our nccks.
Bankruptcy seems TO flourish in Illinois, and the
last Springfield paper contains an extra with fo,r-
teen columns of applications there are but few
bankrupt applications in Ohio. OF all the point,
Of emigration thi, year. Iowa Territory is the most
prominent. the immense debt OF Illinois having
created the notion among settlers that the inXrs OF
that State arc very high, while they are in fact not
| above those of the other Western States. Daycn-
| port Bloomington. Burlington. and other towns
on the Mississippi in Iowa, are swarnlins with
emigrans and at a late sale 81 lots in Iowa City,
| seventv.fvc lots brought Sl2 III, this being
advance Of 20 per cent. on their minimum price.
GOV Chambers of Iowa has issued prociaml-
ton giving notice that settlers will not be allowed
to locate on that portion OF the Territory south ot
The Des Mone- River. as It has been coded TO the
Indians and on the 18th inst. made a requl'ltion
for troop. To remove all ntruders promptly from
such lands There Is considerable difference oi
opinon on hi. ,ubiec, in the Territory, but trust
I h .. n
settlers are very unpleasant persons to interfere
with when they once pitch their ,hanties on a
claim" a. all Western men know. The bank.
rup,s in Wisconsin amount 80 far to one hundred
and three.
The latest account of the accident on the steam
boat Douglass for th. city, the boiler OF whichcN-
ploded near Buford's on the Mississippi River
.ives the number nine for those wounded MORALLY
and seven killed This add, another 10 these
fri-htful distractions of human HE. Inc buiid'
ing of steamboats,. in spite Of the hard tunes
woud seem 10 have fourshed this year, but on
previous contracts. You have observed the gen
rral manifestation of enthusiasm at the West ior
tho Statesman of Ashland he did not accept the
invitation TO dinner by the Wings OF our CITY, but
/ an old.fa,hioncd Kentucky barbecue comes on al
Lexington on the 9th of June. TO when every
bodv il invited. Our markets are most ailN
supnlicd with strawberries at cents per guar
peas cents per peck. and other early vegetables
At ike low rates. Exchange i only per cent
on the East Specie , y premium, and ha''efn
Bank Note, per cent. Business i rather Oh t'e
improve but i still very dull.
! 'I Yours BUCKEYE.
tr Our tr end is informed that thu reason why ", ~
-, .,o,lov r-guar spondenis IN The loN-r We.
. ~, ~ he srrangement Of the Mails, whereby EUR
zen, from Baltimore by Express Nan oIInss -
- ~ hi. civ in time i.r the next morning. ~, -,
III letter tien at Cincinnati Louisville OF ~ M
,ansi wal, iii the regular Mail opened AZ . - cor
| - 80 rorrse a dav after the fair We shan nae
| respondent 81 Baltimore sooR r."