The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-09-20


Hopewel, two letters from our correspondents one
from Porto CabelIo and the other from Laguayra-
and files of Caracas papers to the latest dates
We annex the letters. All the commercial intel
lgence will be found under the proper head.
Correspondence of the Herad.l
PUERTO CABELLo VENEZUELA
August oath, 1913 5
I herewith forward you four Liberals" with
dates to the 18th instant, and hope they may be OF
service to you: Unhapplly tor me, have no news
OF particular Importance to communicate per this
opportunity. Business is extremely dul! IN this
.,ical news hare OF commercis n"''o@i' OF
LA GuAYRA, August 10, 1S43.
The Hopewel leaves us to-day via Puerto Ca
beo, and In this goes all news both from this port
and the adjoining city OF Caracas.
There arrived here yesterday In the ROwena,
from Philadelphia, Thomas U. Walters, late arch!-
tect to that magnificent pile known as Glrard.s
country, is to endeavor to induce this government
to contract with him for the building of breakwa-
ter not shelter for vessels, but simply to secure
at all seasons dry landing tor goods. That this
thing is absolutely necessary is beyond doubt,
and think 1t would greatly increase the exports OF
this place.
In Caracas the leading topic for conversation is
the "cyisis;" but in my opinion the worst has been
seen. Both the National and Colonial banks have
concluded to discount to certain extent weekly,
and money matters seem 10 be more tranquil; tne
people Talk OF the &c Dut lCW iOoh Hto tho
cause OF this arrangement The National Bank
was established In October, lS4l, and being unde
the auspices OF the government, obtained perms
sion to have all the Custom House bonds placed IN
their hands for col!ectlon all that was very well,
bur wait a momentum a very short time the II
vaults were filled with specie. Not content with
this they must go further; they made what the
termed credits, or In other words, loans 10 Tom,
Dick and Harry, upon their giving bondsman,
and paying an interest OF per cent monthly
Months rolled on-both banks ceased dlscountng,
and called upon these men for the money loaned
They having used these credits 10 buy goods, pur-
chased more than they could sell, and IN order to
make their faith good at the above Institution were
forced yes, many were forced to borrow from the
directors OF the National Bank; they all being mo.
neyed men, and having caused the panic, could
loan their surplus funds to great advantage at 8 per
cent per month
We have also in the capital an Italian Opera
Company under the management OF Senior "A. GAIL
Tomorrow Sunday will be produced Tor the De,
nefit of the manager, Lucia Oh Lanmermoor;
also hear Julieta Romeo will be produced, and
having heard La Sonora Glovannlnl, as also Ialll,
| must confess they are deserving all praise.
The newly established hotel, La Poseda de We
nezuela, opened by Mons. II. Campaignlac, has no
equal in this part OF the country, and IN my opinion
far exceeds for comfort that OF the famous Bonelli
House in Saint Thomas. recolect having IN the
wear lS4l, attended, while making tour through
the West Indies, a very magnificent ball at that es-
tabshment and was much surprised at the magni-
ficence of it, but was doubly so upon entering the
Posada de Venezuela few days since.
Business begins to present better appearance,
but all kinds of produce very scarce.