The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-03
Buffalo.
Correspondence Of the HERALD


BUFFALO, January rs, 1872.
British Steame,s-Ho,o to Break BGks-StsamJoat
Combination 1neatricais-Fash Marris.o
Herald and Lancet
Dean BEKrErr:-
As was to be expected, the report Of the de-
struction of the British steamers Minos and To.
ronto, proved untrue; the report having gained
ground from the fact that the Canadian authorities
received information that move was contempla.
ted in that quarter. large body Of troops was or
dered for Grand River for their protection.
1t would auuse you, were you here, to see how
nearly brokers follow in the footsteps of their
i.lustrious predecessors in Wall street; in fact,
they initiate, in all respects, except ON a small
scale they purchase all uncurrent money, receiv.
ing therefor much greater discount than Is char.
ged by the veriest blsod sucker in Wall street.
Another way they have OF raising the wind these
hard times, system Of finance outdoing the great
Biddle himself, is this they clab together, par
chasing the paper Of some sinking concern in this
part OF the state, and commencing run, shut the
bank, and then enriching themselves BY purchasing
the paper already sfoat at heavy discount, they
have succeeded IN s'aoorng" (asJhsy term it,) the
Farmers Bank of Orleans, at Gaines; and by the
Orleans safety fund bank. As yet they meet
with poor success. They employ agents, whe vi
cit shops, Sc, paying specie for the notes Of the
bank.
ed for the coming season, that the directors will
say which boat shall, and which shall not run:
all, however, drawing according to the number OF
shares they are put in at. This combination 10
odious for several reasons: it imposes The pub
lie the old prices, besides throwing out Ct employ
several hundred men, who, if all the boats run,
would find enPlo, ment The fact 10, there are
too many bats wholly unfit for the lake naviga.
tion; the owners seeking this mode to get what
they can by laying them up. A man, or set of men,
oxnlng first class boat, and two three old ones,
puts them all in the combination; 80 that he draws
pay for the whole. Thi: can only be remedisd by
first class boats, will drive those here to terms
thus securing to the travelling public what 10 need.
cd. There are some elegant boats on these waterF
sailing craft will forever check the too rapid build
ing Of steam vessels the increase Of which must be
| Of the very best kind Two new boats will be ont
early in Che spring. ono at TIE edo, called the To-
lede;" another here; also, timber is getting out
for another at Conneaut 10, to be built under the
direction of Capt. H. Whitaker, an old lake naviga-
tor, which promises 10 be something splendid.
| Not much doing yet; weather very mild; sea-
son uneommonly gay; another brilliant Assembly
at the American on Wednesday evening Iast-was
we'll attended; ladies all beautiful Also, ball at
the Theatre on Friday evening; perfect jam. Sc
versl grad parties have taken pace--one at Mr..
LIS. On Eagle street; a splendid affair Another
at Mr. T.'s, on Washington street; ver-ray Oae
at Mrs KS, on Seneca Street, in honor az Miss NJ
from Cleveland, was very rich. Miss N. stood be-
side the lady Of the house, smiling ON each new
conner, dressed BEAUTIFULLY, d splayiHg Der sples.
did figure to the beat advantage; her dark eyes
and dropping eye lashes, fact, her whole appear
ance, carried all hearts away, particularly that OF
young efiieer, who appeared much smittcn che
merited well the nane given hsr, the Goodies
Minerva"
Nothing In the matrimonial line. Several eoH'
ing off, One, young lawyer, report says, iseto
lead to the altar, the coming year, tho bea1titul
Miss 7. Of Washington street. Nothing could be
better
The I" Herald continues its career, end carries
ali before il. Mr. Hawks doing every thing for il
he disposes Of large Quantities he also cells the
q Lancet" The triumph Of the press 10 appreeia-
ted here, I can assure you We did fear we were
10 loose the Lancet but thanks to your Court OF
Chancery, we are again pleased with the sight Of
it, Farewell w.