The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-09-25

"Ofthe credits placed to the account of the compa-
ny, arrears Of revenue, &c, form an important
item; but of these il is most probable consldera
BILE portion will never be realized"
The debts Of this company have gone on increas-
ing TO the present day The exact amount, at this
time, is unknown. We have every reason to be-
lieve it is enormous, and that it amounts TO sum
which never can or will be paid The great Indian
government, like the parent stem, is hopelessly
bankrupt, and can only exist by the aid Of paper
money renewed loans to meet accrung interest, and
deficiencies.
Had our colonial condition remained unchanged,
it is likely this country, now, by being sadded
with spendthrift and extravagant government,
would have been subjected to the same species of
debt sustained by heavy taxes, paper money, and
loans.
"Libcrty" is not can empty sound" unless made
so by its corrupt votaries, who affect TO worship in
her tempe--who, while protesting democracy, and
knecling around her sacred affairs, secretly steal
away the precious Insignia the treasured relics of
her household divlnities
The young American, Mr. T., to whom am in
debted for much interesting information in relation
to India, states that he was in Calcutta last May,
when the Virginia, loaded with saltpetre, took fire.
short distance from that port and blew up. One
poor fellow lost his clothing and everything else
Mr.. I. supplied him with an outfit, for which he
paid $50.
4 He says nothing is more commonly or strongly
believed in at Calcutta, than that saltpeire will ex
plode when on fire. As many three vessels hav-
ing been lost either in the Gauges, or just after sail
ing, by fire. accompanied with terrible explosions of
saltpetre. One was an English vessel, which, a few
years ago, with cargo of saltpetre, took fire. She
was seen on fire from Shore soon after which, a
terrible explosion occurred, insantaneousy scatter
ing the vessel into fragments. What remained Of the
wreck Immediately sunk--not a soul being saved
The next, which met similar fate, was Scotch
vessel. The third was the Virginia, stated II
seems to me, such facts conclusive that salpetre
,cil erplode--on board ship, at least
Only 100000 remain to be subscribed for on the
books Of the Erie railroad.
As many az three vessels report having exchanged
signals or having the Great Western, standing
brayely on her course towards "merry Old Eng
land"
The stock market was dull to-day, with slight
decline in some descriptions. Exchange continues
the same. Three thousand bales of cotton sold
yesterday, at steady prices.
Flour remains without change. Michigan and
Ohio "a SO to a. rs. Brandywine and Georgetown
new and choice, - rs to IS 90. New wheat varies
according to quality, from IS cents to VI OF per
bushel.
Thirty thousand pounds Of taow from Pitts
burg sold at u cents per pound one hundred
thousand New York, at u cents.
The packet-ships Emerald and Oneida, to Bond
& Hinckin, from Havre, arrived yesterday. The
latter was the day before prematurely reported.
The packetship Louis Philippe cleared to-day
FIR Havre. The ship Metoka is in from Liverpool,
sailed August 3lst. The Ceylon, from Glasgow,
also arrived, We also have arrivals from Smyrna,
Kingston, and Bremen; from the latter, the ship
Charleston
'0'''' Wy WY a'D ''''' MORGAN.