The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-06-25
Erie. Pa.
Correspondence Of the HERALD
Eptu pa lime 1G 1919

Observation-Disclosures
JAMES GORDON BENNETT, ESQ
My esteemed uncle, Samuel Weller, Esq, who
has been for some time your correspondent IN this
city, has Of late found SO much demand upon his
time by domestic concerns, as to be obliged to neg
ect his attentions toyou. Fearful you might think
he had forgotten you, he has desired me to write at
this time, promising to resume his own pen soon
at least whenever certain anticipated event shall
have TRANSFERRED
poration of the Erie Canal Company has been taken,
and an agent despatched to our State capital to OBJ
tain the charter. This company has probably great
er advantages offered to it than any ether which
has been Incorporated by any State in the Union
The State has expended upwards of four millions
OF dollars in the construction OF canals this side OF
the Chic river. The main line is finished from the
river TO COnneaut Lake, distance OF ninety miles.
Al the latter place connects with the French creek
line, also completed, about forty miles in length, eX-
tending to the Alegany river at Frank lin, making
one hundred and thirty miles OF canal completed
and IN navlgabe order. From COnneaut Lake to
Erie, forty.fve miles, the work is so far progressed
with, that it is estimated $780, 900 will complete it.
The whole OF this work the State proposes to give
to company, on condition. that it shall complete
the canal in given space Of time. The company
will thus obtain, for $500, 100, one hundred pnd
twenty-five miles Of canal, which will have cost four
and a half millions. Fifty thousand dollars were
required 10 DC SuOSCIlOcu DcI0Ic the Cndrler COulQ
be granted. This amount has been principally ia
ken by eight individuals. The Reeds (Uncle Seth
and Charley, of course, ellison Colt, Mr. Tracy
Mr.. COPYRIGHT, Mr.. Vincent, and David Hmrod, Of
Erie, and Mr. Power, of Crawford county-all men
OF capital, good financiers, and most of them well
experienced in canalllng Much dissatisfaction is
felt because the books were closed Immediately al.
ter the requisite number of shares were subscribed.
II was a shabby affair, considering il was known
that others were anxious to have hand in it. But
then, what of it?'
There is some movement of the political waters,
but no decided demonstration as yet. Parties are
beginning to be organised and the prospect is there
will be warm contest before the campaign IS
| through with. The officers to be elected this fall
are, member OF Congress, State Senator. and Sheriff,
beside the usual variety OF county officers. The
loco legislature, at command OF his majesty King
Veto, made perfect gerrymander of this Congress.
slonal district, which takes circuit through the
"black streak, thence down the Allegauy Noun
tains, "rOund Robin Hoods barn. and almost
back agaln-embracing six or seven very large and
not contiguous counties. The attempts of a cand.
date to canvass the whole district would be about
to make loco district, but the wings will contest
II, inch by inch, and teel confident of succers.-
This county alone constitutes Senatorial district,
and as 1t contains clear whlg majority of not less
not make much effort. Mr.. Watts, the successful
rival OF Botts will probably be the whig candidate
There are a few "bogus whigs,' who will oppose
his nomination, but as they are very few in NUMBER
they will not probably jeopardise the success Of the
Presidential candidate, by attempting again to d-
vide the party. II they do, woe betide them.
The democratic party, par ercei'cnce Messrs Was
ratiOns, preparatory to the Presidential campaign
They have repurchased the Observer, which had
turned recreant to the Magician, undoubtedly with a
view OF turning public opinion in his favor. The
effort was very necessary as popular feeling in this
quarter is decidedly against him. am not extra
VACANT IN saying that not one In ten of those who
supported him before, desire his re nomination and
not three in ten will vote for him II he is nominal
ted. About half of that party in favor of John
son, few for Cass, and the balance for Buchanan
The season has been very cold, and consequently
vegetation is quite backward In coming forward"
The wheat crop, however, looks very favorable,
corn promises nothing, and "other things in proper
tom
The iron steamer has not made its appearance
here yet, but Is expected soon The shot and shells
ordered by the Navy Department to be slowed here
in their depot, much TO the chagrn of our loving
neighbors at Cleveland The shot which were
manufactured here for the naval stations at Buffalo
and Sackett's Harbor, have been shipped for their
destined ports. Il no other good is done by Presi
dent Tyler, he is following up commercially the
maxim, " in peace prepare tor war;"
Considerable preparation Is being made to render
appropriate honors to the approaching national an
adversary. The military, (and we have number
OF beautiful companies) brushing up their armor
Tor grand display. II Is the intention OF the canal
company ,Qf Gov. Porter gets back from Bunker
Hill, . let Mr. Watts come home in time with the
sharter) to add interest to the occasion by cere-
monal laying OF the corner stone of the outlet locks
on that day.
The agent of the United States Bank is moving
steadily on in winding up the affairs OF the branch
The greatest share OF the notes have been paid, or
gone into Judgment. The interest and ten per cent
instalment, required every sixty days, on the re-
mander OF the notes, about sufficient to absorb
what little bank cable means our facilities enable us
to procure, so that have virtually circulating
currency. Perhaps | am wrong III this We have
| currency, but sucn an one has never received
the attention Of any of our writers on money. 1t is
called "crackee, jr" in contradisnction from the
relief notes of the Erie Bank, which were named
"crackee," from a cracking sound produced with
the paper when new. The new currency is issued
in notes ofsix cents and upwards, and consdera-
bic amount is in circulation, as ! should judge by
the way it is poked at every body who comes to
market. send you fac simile OF one of the notes
now before me, as follows--
Soy So x5 G.. No. 55. IS
So So The Prssque I'e Foundry Co. will pay l..
sEe, 80 Hnysy bearer Twentyfpe Cents, in Merchan-
,: 80 die Castisgs their retail prices demand