Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1845-12-27
NEW FORK CORRESPONDENCE.



Every thing in Wall street presents most
sombre aspect to-day. Heretofore our commercial
and moneyed men have viewed apparently with in-
difference the operations of the Government. They
have considered it impossible that either the Execu-
tive or Congress would, madly and unprepared,
plunge the country into war with nation admit
ted to be powerful, and evidently well prepared to
meet such contingency.
The last news from Europe and the proceedings
in Congress are beginning to awaken them from
their sumbers The consequence is pressure
upon the money market and fall in stocks You
are aware of my opinion that stock gambling was
the principal cause of the recent depreciation but
that opinion was applicable only TO what is termed
the fancy stocks, while those of the more substan-
tal and safe classes unaffected. Not so now;
all are lettering. The money market is agitated,
convulsed, and uncertain. Every man is anxiously
inquiring of his neighbor what will be done in
Washington How soon will Congress act upon
the war bills and resolutions which have been pre-
scented! All the signs of the times indicate that
public confidence has received a shock.
| If the measures suggested by Mr.. ATcHIsoN, Of
the Senate, and Mr.. DOUGLASS, of the House, are
adopted and, when adopted, are carried into effect
by the President, war necessarily follows. This,
it is supposed by the people generally, is not only
well understood by the advocates Of these mca-
sures, but by some il is thought, is the design in
pressing them TO a c0nsummatlOn. Inc man VINO
believes that Great Britain will surrender TO the
whole Of Oregon without death-like struggle must
have imperfect notions Of that people.
If Congress really wish to ascertain the feelings
and views Of the people the question of war; let
them, for the purpose Of carrying on order loan
for twenty millions Of dollars, which sum would be
necessary within the first six months, and let them
secure the payment of the interest by land-tax,
pledged for that purpose only, and they will then
learn something Of public opinion.
Could such a loan be obtained Doubtful. If
obtained, at what rate For the first loan six
per cent. stock might possibly be sold at 95 that
/ is to say S95 in cash would be given for 800 in
Government stock. Let us suppose that thus
commenced the war with our stock FIVE per cent.
under par. What would be its value and the amount
Of our debt at the end Of three four years, with
every farm in the country mortgaged In plain
English. we could not get the money. We should
have nothing but the most vile and deprecated rag
money. | have gone through such trial once,
and know all about it; experience teaches. But il
lis appalling to think of our commerce, which would
be swept from the ocean, and the revenue derived
from it literally annihilated.
Il The following is the amount Of exports from
New York, from October LIST to December III in
American vessels, and for October in foreign:
/ Flour. ~. l4b, 45U barrels.
| Corn ...,.,..........- I4S,65o bushels
Wheat. ...............,.. 23s, I65 do
/ Rye barley &c. 1924 do.
The price of flour to-day is Sc 81 to % 81.