The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-10

which has Just expired The year Al, Cor the old
year,) has been traught with many curious and I'M
portant events The political and financial world
has met with astonishing and unprecedented
changes. During the year we saw General Eiar-
rson, in the enjoyment OF health, surrounded by
mlonsi Of friends, at the head OF the proudest ard
happest nation of the earth. But scarce month
had passed away ere the sp ler came TO hush mat
manly voice, and palsy that lofty and nobleeframe;
Death closed the scene, and grateful country VIII
do Justice to his memory. Since the dissolution VI
the Iamented Harrison, the great party which placed
him in power has been disbanded, and the democra-
of the country hasagain obtained the ascendancy.
Indeed expected political revolution has taken
place throughout the Union, and the great funda.
mental principles of civil and religious liberty will
continue to be dispensed for the benefit and future
well being of all classes OF society. We have also
seen the financial circles of the country, all sorts
OF knavery and rascality pracced, and where or
when this magnificent system OF fraud and villany
viii be arrested heaven only knows. However, the
time is coming apprehend, when these mighty
oankers who have done nothing tor the benefit OF
community, will receive their just reward.
Since my last communl cation. several failures have
taken place here. One firm, who have been doing
extensive business in the dry goods line tor seve
good standing, to avoid paying their rent which be-
came due on the first instant, and numerous other
debts, packed up their entire stock on hand, one
night last week, and 'absquauated, leaving their
creditors to whistle Tor their money. But thus Is not
the character Of our merchants generally. We have
men here whose circumstances are known-men
who have ever managed their affairs upon fair and
equitable principles. and who are entitled to the con-
ficence and patronage OF the community.
Our currency at the present time IS in a most
deporable condition The only money that is
considered safe here Is the constitutional cur
The failure Of our Buffalo Safety FuRd Banks hi 8
had tendency TO njure the credit of many
OF the country banks, and 1t is thought by many
that a general explosion will take place. and
that all the State Banks doing business under the
Safety Fund principle will be compelled to wind
up their affairs.
There is very little business going on here at this
time, and the prospects ofa dreary and dull winter
are every where visible around US. However, a
lew months will soon pass away-the lovely spring.
time will again be with us and all will be life and
activity. Should our edious steamboat monopoly
be broken up--and II Is anticipated by many--the
benefits which would result frem it to all classes of
emlgrants and business men. could hardly be esti-
mated At all events, learn that az efficient
opposition will be started in the spring, which will
well as to the interests of business men and
the travelling public.
The weather here on the lst inst. was mild and
seubrious We have very little Snow, and from
thei lrregularity OF the mails presume the roads
east OF us are in bad condition Indications OF an
cid fashioned snow.stOrm visible. and six
weeks Of good sleiehing in January would be very
acceptable to our farmers in the country, as well
as to our fashionables who Can afford 10 enjoy it in
the city
In the matter Of amusemsnts we are not very
nIGny favored. In tDdt business tneTc Is nOnng
going on except concerts, balls and parties In the
course of the winter, perhaps, come religious ex.
element may be commenced. In that case you
may expect more frequent letters.
In reference to political affairs have little to say.
The Presidents plan for Fiscal Agent or SUB
Treasury l have no doubt, will be approved by a
majority ofthe people; but in my opinion, after all.
he will barely be able TO pave his way for re.elec-
ton. Probably he does not desire it. And although
lopposed his election, am willing 10 give him
dit for the purity and honesty of his motives since
his elevation to the Presidency.
The host ofoffice-seekers who infest our city have
given up Az hopes of places OF trust, under The adj
mlnlsraon of John Tyler, and many have found it
necessary TO take hold Of some kind of business for
alvelihood.
Mr.. Hawks, your agent, is doing much for the
circulation OF the Herald In this city but the irregu-
lariy OF the mails for two or three weeks has been
source OF great inconvenience to HIM as well as
frequent dsappointments TO your numerous readers.
had intended to have said something in referee
renee to the 'smal fry er would be arlstocracy of
the city, but my space is occupied, it must be de-
ierred until you hear again from yours &c. s.