The New era. [volume] ([Portsmouth, Va.]) 1845-1847, 1845-12-13
WAR PANIC.

We give the following from the Baltimore
Sun, as specimen of how the stock gamblers in
New York play upon the weak. The New York
Courier and Enquirer will be found the motive
power for this panc-there is no danger of war
with England.
WAR PANIc-ENGLIsH PREpARArIoNs.-
The verbal news from England by the passengers
OF the steamer Cambria, represents great excite
lnent TO have been prevalent in that country with
respect to the state of the negotiation with the
United States relative 10 Oregon The great
military and naval preparations visible in all parts
OF the kingdom, the frequent meetings of the
Cabinet, the murmuring of the people, and the
growing of the English press with regard to the
claims Of the United States, all lead them TO an
ticlPate terrible crisis in the affairs of the two
countries on the reception of the Presidents Mes
sage. In New York gate war panic has already
been raised in the Stock Market, by the +" bulls"
and the bears" which, however, we do not
consider as in any way strengthening the suppo-
slon that there is reliability of war, as i, is a
part OF their business to raise such panics for the
purpose of filling their Golfers by it. A New
York paper says:
=" The war fever runs high, and, according TO
the predictions on change there must be a rup-
ture with Great Britain in less than sixty DAYS.
Long Island fell off per cent, Canton a. Nor
witch and Worcester ga, Vicksburg Ia, Hsr-
lem 81, Stonington ga, Erie 4, Pennsyl-
vana hves. | l-2, Morris Canal 4, Reading
Railroad 2, Ohio 6's l-2, United States 6's
II. Kentucky 6's closed firm at SATURDAYS
prices"
The panic still continued on Tuesday and
further decline was submitted TO in fancy stocks
The New York Express of Tuesday evening las,
says
A story was put afioat yesterday, probably
to effect the stock market, that the underwriters
had declined writing long risks, and that thew
were about to insert the war clause in their po-
licies. The whole story was made up for effect,
and the report is without shadow of founda
ton. The offices continue writing to all parts of
the world freely, and without any additional pre-
MUM"
| letter from London in the Courier and En-
quirer seems to have been the organ, in a great
measure. OF the panic which has been raised il
New York, taken in conjunction with the YER
bal news and fears expressed by passengers-
The following is the letter alluded to- which il
will be seen is rather waspsh, to say the least of
| it,
Never since the time of Napolean have such
lmmense--such extraordinary military and naval
preparations been making in this country as at the
present time, and for many months past Fully
six months ago was my attention first attracted to
'ntHo ''JVCt' 1"e "CH'ity pfeVdiilng AT DPptiUTd,
Woolwch. particularly for guns and steamers at
this vast establishment Shereness, Chatham,
Portsmouth, Plymouth, aud Pembroke, is really
wonderful. Not only in the Government dock
yards are ships and steamers being prepared with
the utmost expedition, but also in private shin
building yards are iron war steamers being con-
strucied, not only on the Thames, but also at
Liverpool and Glasgow. From my enquiries
have every reason to believe these extraordinary
warIlke preparations are made in reference to our
country. The people and government are exces-
slvely jealous at the high tone and successful ter
mlnation of the Texas annexation, and are ex-
ceedingly angry at our Presidents remarks in
reference to Oregon in his inaugural 18th of March
address. Nothing ever aroused and united all
classes of people in this country SO much as what
was then said by our Chief Magistrate and if he
Indulges IN The same strain at the opening of Con
gress on the LIST of December next, | fear imme-
date war will be result and the war steamers
now preparing with such energy and promptitude
will make dash upon Portland, Portsmouth,
Boston, New York, Philadelphia, Baltimore.
Charleston, &c., simultaneously, without giving
us time to prepare and resist this sudden incur
slon ] hope most sincerely you will not be taken
unawares. But | trust 10th Governments will
act in such way as to preserve the blessings Of
peace, for nothing can be so utterly absurd, in
sane, and in all points of view so inexpedient as
war between our two countries. Yours, &c."