, 1842-04-30
Correspondence Of The Louisville Journal.
CINCINNATI, April l8, 1912.

~ wv ihktiS ~ 49,
markets and the history of Congress
sional proceedings. With regard to
the former, the Philadelphia Gazette
says:-'.The state of the money
market has decidedly improved. A
little more courage, IA little more eff.
fort. a little more concert, and the
dangers will be passed. and the diff
culties surmounted. The ability Of
our merchants to meet the present
crisis, and their manly b%earning, thus
far, has excited the administration of
people at a distance, who, only n few
months ago, made the misfortunes or
misdoings of certain institutions in
Philadelphia an OCCASION Of %sneering
at he business Of this city.
The Baltimore American has the
following:
SpEcIE.--The Frederick Examiner
says that the banks of that city are
redeeming their obligations in specie,
and continue 10 receive greatly more
Of it than they pay out. We may
add hat the bank Of Baltimore free
ly pays specie OH demand for their
issues, and that they also are receiv-
ing more coin from depositors Than
is paid out. The truth is, there is no
demand whate yer for specie, except
for the purposes of small change;
and many persons who have been
hearding coin for 4 considerable time
past are now glad to be relieved from
the risk and anxiety connected with
it, by depositing it in bank. The
law of Maryland, authorizing the is
sue Of small notes, works admirably
well, both for the community and the
banks.
In the Senate of the United States
on the 18Th inst, the loan bill was
taken up.
Mr.. Graham advocated the bill,
co~n,ending that the exigency of the
Treasury should insure prompt and
speedy action on the bill.
Mr.. Berrien followed, replying at
length to the objections urged a.
gainst the bill on the other side.
The debate Va continued by
Messrs. Mangnm, Sewer, Crittenden.
Linn, King. and Walker; when there
were cries of ~''adjourn, or question:"
The question was then taken on
the passage of the bill. and decided
in the affirmative, as follows:--Yeas,
29-Nays 10.
A few minutes before six o'clock.
the Senate adjourned.
In the House, among the memoir
ais presented, was one by Mr.. Kerr.
of Maryland, from John II. Penning-
ton, Of Baltimore. stating that he had
invented n machine for navigating
the air; and, not having the means
OF building it, he prays the aid Of
Congress. He thinks it would be
useful 10 the Government, in the
event Of n war, enabling those in
the machine TO reconnoiler the enc.
my.
Mr.. Williams Of Maine, reported
resolutions of the Legislature of that
State, in which Congress is asked to
enact a law for the regulation of
elections, 50 that they may take place
in one day in all parts of the Union.
Would not such law be n great pre-.
vention of election frauds, which
we have much reason to believe,
have been heretofore praciised!
Stock continues to improve. On
the 18th inst. Indiana sterling bonds
advanced !; Illinois, /; Ohio, 6's, /
Inland exchanges remain Inactive;
Baltimore is at par a ! discount; Vir-
ginia, 8; North Carolina, ST Il 6;
Charlestonli a .; New Orleans, 81
a IA; st. Louis, II I 90; CINCINNATI,
6 a Ga.
The demand for Treasury notes
has partially subsidized; they may now
he quoted att a 81 per cent. discount.
Genesee flour at SCI. Nothing do
ing in grain.
The Wings have elected their
Mayor in Jersey City by Il majority
of is
Il is said that Mr.. Bars,ow, Of Sa-
lem, will be appointed consul at Rio.
In the New York Legislature, the
bill to extend the exemption ofhouse.
hold furniture and working tools from
distress for rent or sales on execu.
lion, has passed both houses; the value
of exempted articles being $3.50 in
addition to existing exemptions, and
the law TO take effect on the first of
May next.
In this city, flour (city mills) sells
at 81. From wagons, So 70; canal,
So 88. Corn meal, 81 cts.
We had n heavy and incessant rain
here yesterday, which, if extended
far, must create quite a rise in the
river,