The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-10-26
BY THE SOUTHERN MAIL.
Philadelphia
Correspondence of the Herald.l
GHII.AnET Dot Ok


These sales not very fair test of the value of
property, because the membranes are NOT gene
rally known, to which the property is liable, but
yet they a general guide to the cash yalue
of real properl in this city The sales of last even
ing were at very low prices, and show that
capitalists are not yet disposed to invest
funds in that way Intact, scarce any thing is done
in the actual sale for cash. of real estate there is
much bartering and exchanging between mechan-
les and traders, but no money passes. This will
probably remain until next spring, as the season
is late for building and the number of houses to rent
is large For foreign investments the real estate of
this city presents no lnducement The State debt,
principal and interest must be paid, and the owners
of the soil will be heavily taxed.
The Farmers and Mechanics Bank, the South
wark, and Northern Liberties, are all about apply
ing TO the Legislature Tor renewal OF charters. As
to the FIRST named, there is probably no where to be
found a more uncivil, arrogant, and dsobiging set
OF people than those connected with it in the vari-
Gus othces Its Cashier, Mr. Patton, is on
trial IN the Court of Common Pleas, on the
complaint OF his wife-formerly his mistress
lived separated from each other for many years,
each pursuing their own way The testimo-
ny, is filthy to the last degree, MIR. p being de-
clded amaigamationist, and it is hard to say which
OF the twain are the worst The case has been tried
before and yet with all this revelation of corrupt
morals staring them in the face, Mr. p is continued
cashier by the directors; Certain it is, that the
feeling OF dislike towards the bank is so great caused
chiefly by It's officers and underlings-that although
in good condition, 1t is supposed the general feeling
is that it ought not to be extended The Southwark
Bank, it was generally thought, would close its
concerns, as It's capital is small, and all safe. OF
the Northern Liberties, but little is known. Its
affairs are in the hands ofa clique and it dabbles
good deal in country paper.
Money matters remain Yesterday, cash plenty
but no good paper in the market; this is bad state
OF things TOR business as II shows want of action,
and no general business activity.
Mr. Blddle has had Andausia sold by the Sheriff,
to make title under mortgage, which it is said
his son holds and which Biddle, Sen'r., can't pay
People at the street corners pull down their eyes,
and request to be told if there is any dust there
Simultaneous with this, Mr. John White, President
OF the Delaware Coal Company, resigns, and his son
John White, Jr., is elected. The fathero course,
remains "de faCto" president, the son being de-
cent in experience for the berth, but inanciers
manage all these matters in the family way.
Francis j. Grund, of rejected fame, has been fur
nshed with the office of weigh master in the Gus
tom House, in the place of a son of Gov. Schuze,
removed. Mr.. Smith. the present collector is dex-
ferrous politician; but how he gains capital for his
own confirmation by this move, is not easily seem
Mr.. Buchanan was here feeling He rather leans
towards Calhoun, but employs himself in finding
eves " God gave speech to disguise the thoughts"
Valley Forge did not meet the Messrs. Reeds last
evening In the Journal of this afternoon he states
that the sickness of his relative who holds the do
of his non attendance. Doubtful. 1t is more than
probable, from present appearances, that the whole
affair is man9uvre OF Simpson and Whitney to
gam sale of their paper. This appears TO be the
general opinion.
subjoin sales of stocks and bankrupt applications
In which some OF your readers may be interested.
The day is rainy, and all outdoor business is dull.
BANKRUPT CASES. Petitions Filed this morning :-Thos
Postley late manufacturer Of iron, Philadelphia VIM g.
Marshall ofthe late firm of Marshall Co., Brush Maker,
Philadelphia.
srocKs &c.-Drafts on Boston, dis to par; do New
York dis to prem; do Baltimore dis to par; Tres-
sry notes. par Bank US notes. SIS to 60 dis do Pennsy
vania do, to do; Manufacturers and Mechanics do,
Moy amensng do to do Grard do As to 4s do; Relief
country to IL do Broken bank, Relief including Erie
l4to Is do.
SALES OF srooKs-s shares Southwark Bank lao; 10 do
Camden and Amboy RR, oa do do do 81 do do do g.;
do Philadelphia viii. and Bait RR., 9; 80 do New Or
leans Gas Bank Al 5000 City Gas 5 1884, 92 s4ooStae
6's, lSlS. 55i.
FIRE IN RICHMOND "A fire brok out in the city of
Richmond, Virginia, Sunday morning last,
which destroyeda number of houses 1t CONNER
ced in the carpenter shop of Messrs Leggan Il
McMinn, on the south side of Csrylstreet, and ex.
tended to the brick row on the opposite side Most
of the buildings insured, but not sufficiently to
cover the entire loss.
TEXAS AND MExIco.-We copy the annexed ar
tice from the New Orleans Advertiser, paper
which we presume to be well informed touching
the movements and views of our Executive Gov.
ernment
TEXAS AND MEx1co-By the Nachitoches Herald
we learn that the mediation of the United States
has been offered by this Government, in the hope of
bringing about a reconciliation between Texas and
Mexico 1t apperrs that Mr. Webster, by instruction
of the President has addressed lettero the A. Min
lister at Ausn enclosing copy OF instructions which
had already been forwarded to Mr.. Thompson at
Mexico, directing him to express, In the name OF
the American Government, " the hope that 1t may
be deemed to comport with the interest of the Tex
ian Government to suspend any offensive military
operation which may be in contemplation against
the Mexican Republic until 1t should learn the re.
suit OF the negotiation which Mr.. Thompson had
been directed to undertake.
This, though not officially communicated yet
comes in such shape that entities it TO credit Mr.
Webster is represented to say to the Mexican au-
thoritles, that while his government with pain
The prospect of active warlke preparations between
Texas and Mexico and disclaims all right to inter-
fere yet it cannot, under the circumstances, be in
different to a renewal of hostilities between them.
The general and natural advantages of peace the
security of our commerce, the uncertainty of the is
sue of war, the dissmiario of the people, and the
extent OF territory OF the two countries are all urged
reasons to accept the profiered mediation. TO
these is added the intimaton that, in case OF war,
American citizens will emIgrate hence ond aid the
Texans, and that it is the Presidents convicten
that war is not only useless but hopeless
A NEW INDIAN TREATY-The st. Louis Repub-
lican states that treaty has Just been concluded
between Governor Chambers, OF Iowa, Commas
sioner on the part of the United States, and the Sac
and Fox nation of Inlians, by which the Sacs and
Foxes have sold to the Government all their coun-
try between the Mississippi and Missouri rivers,
amounting to about twelve millions OF acres. The
Indians are however, to remain In possession OF
the western portion of their territory three years
the eastern pcrtion including the country between
the present boundary and the White Breast river
the Des MONIES, 10 be given up by the LIST May next
The Tinted States are TO provide home tor thu
Sacs and Foxes on the west side of the Missouri
river The price paid for the land is about 81 $50
-. oh ubt hum ruH th,uc. doll. ~,
be invested for the lndans-t the United States qua
ranying an annual interest of five per cent The
Republican adds, that the country coded is rich,
and beautiful, and that the treaty is regarded as
very favorable to the government, and no less to
the Indians The lands w.cost about nine cents
per acre.-Ndt. InteHigencr.
APPOINTMENTS ny TIE PRESIDENT