The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-04-04
EDITORS CORRESPONDENCE.
From our regular correspondent
NV YoRK. Anril 8. Il

InonLhLu commercial and financial Gyticis-.4gyrs-
gate amount Of STATE dsbs-Prospseis cftaturs pSy'
m'n By more tIisndsd mOrLsis for surplus produce -
The importance eforsiga and domestic free trade 10
The income Of STATE public inpr0paasnis. The pro
grsss Of hs search after Kidd, the pirates sunksn
Recommendations for niayor--JH. .fstoTs do
nation 10 the Fire Department
The last number Of the Democratic Review, in an
article headed "Marsinalis !" contains some excel
lent and just eritlelsm-a commodity in these
days Of cheap publications" many of which ara
not only very cheap, but utterly worthless. During
all this avalanche Of trash, have had no Just APP
probation of lis merits beyond the newspaper no.
tiees paid for in sample copies and standing sdver-
tisements. Every book, readable and unreliable,
original and unorigiDsl. Of merit or demerit, u
alike praised by the daily press and ordinary re-
views. A cardinal, or bishop, would as soon think
Of rebeng against the Pope OF Rome, as our leading
newspapers and periodicals. think OF condemhiRg
trash II published by certain large houses, or rather
repubshing houses. II might cost them the pres
ent Of book, or the price Of an advertisement, IL
they did not pour forth neyervarying panegyrie
every rpublished rife, be il good, bad, or in
different IL is often difficult to tell which deserves
most loathhg. the miserable trash or the soIyile sd
ulauon bestowed upon II at the bidding Of wealthy
publishers. ....
In these days of literary degeneracy and of SER
vile imitation when pen dare tell the truth to the
people, who daily gulied by dealers in "ehsep
lisraisgs," gathered from European slop-shsp col
Ieetions it is refreshing to stumble upon "Oasis"
Of rigid, yet just criticism, such as We hnd in the
hoped that the author will follow up the work which
he has 30 auspiciously commenced; by doing
which, he will render a service to literature, 10 tho
country, and an honor to himself
From the commercial and financial monthly srti-
Gle Of the Review, We CLEAN some important facts.
IL appears that the aggregate debts Of twenty-siH
States OF the Union, including Wisconsin and Flori-
da, amounts to s225 % 800 OF these, eight have
been unable 10 meet their engagements, or have re-
pudiated. Those regulating all agricultural
States Of the West and Southwest, il we except
Maryland. The produce Of farmers, crippled as
It has been in value by unequal Legislation, and by
the disastrous effects Of past paper explosions, has,
in a measure, placed IL out Of their power to meet
their taxes, TO the extent necessary to discharge
State obligations.
But brighter prospect would seem to be opening
up TO them in the relaxatons Of the English tariff
and the prospective amelioraton Of our revenue laws
which, if-carried out, must open wider market for
their surplus produce, increase their ability TO dis
charge their taxes, and retrieve the credit Of the
States.
THE advantages which the western States in par
ticular will derive from the extension Of their
kets the q 100000 Of people in Great Britain
and Ireland scarcely be estimated at the present
time. One Of the frat and most gratifying effects
will probably be such increase " the revenues of
their public works, will furnish ample means
oveueached their strength in contracting debts for
he public words in order to afford avenue for
their produce to market. The conviction Of
This fact served to support the prices OF tho
stocks OF the western States IN the London
market, when the determination Of government TO
admit American produce FREQ Of duty was an
nounced. IL is that war-fears have induced the
sending Of some amounts Of stocks, long held in Eu-
rope New York for sale; but the quantities not
large, and the general conviction seems to be- that
free trade and commerce will triumph over war and
aristocracy."
This number also contains an interesting review
Of the report Of the Secretary of War to the Pres
dent for lS45.
| was informed, yesterday, by Captain Cram,
the engineer engaged in executing plans for raising
the pirate Kids treasure from the bottom of the
Hudson river, that he had, with the opening OF
navigation, recommended operations. He has sue
ceeded in sinking and securing a Golfer dam
the spot where 1t il supposed Kids vessel was
sunk with a vast amount Of gold and silver coin
and bullion on board. Nothing remu,ns TO bring
up whatever lies beneath, but the pumping out the
Golfer dam. The captain says that they will sue
coed in finding all that can be found before the
simmer is over.
Il seems, few years since, some parties, acting
On information obtained from old historical records,
IN connexion with traditional stories, came TO the
conclusion that Kids vessel was burnt, and its
wreck and contents sunk 10 the bottom, up the
Hudson, al a point where a very expensive search
has been Instituted. They formed company,
raised funds and employed Capt. Cram to conduct
operations, who first proceeded to bore the bottom
Of the river with auger, with view of sounding
for the treasure. IL appears the auger struck
metallic substances, particles from which proved to
ne iron and silver. This discovery inspired them
with much confidence, that the other proceedings
complete the explorations were determined upon.
So that we shall soon hear the result of scheme
which must strike many as marvellous, if not
visionary
The wings have nominated Justice Taylor az
their candidate for the mayoralty of New York
Andrew II: Mickle
will put him in pickle
John Jacob Astor has presented the fire depart
ment with fifty dollars in consideration oftheir sue
cessful exc tions in speedily extingushing the FIRE
at the Astor House the other evening.
No news Of the Unicorn yet. In consequence Of
her non-arriva business remains very inactive.
Yesterday was fast-dsy in Massachusetts,, and
we are consequently without Boston evening pa.
pers.
Metz York markets this day, a. p m.-Stocks sold
AT about yesterdays rates., There was some slight
Improvement in railroad bonds.
400 bales of cotton sold to-day. The market has
| fully recovered the slight decline Of Of a
cent it had experienced prior to the arrival Of the
| steamer 1.-THE deficiency proves ANYTHING like as
yreat "a estimates make It. prices FOR the future
| must rule higher The deficiency 40 far compared
| with last year, amounts to about 36S,O00 bales.
The increase Of consumption for 1874 and l845 was
81 per cent and the increase OF production about
per cent; so that with the large anticipated def
cheney in the production Of the last crop, spnners
must consume less, poy higher pricea.
| Genesee -four held at IS 43, to.day. No
sales of consequence to report. 800 barrels New
Orleans -four sold at IS.
| 1000 bushels Of rye were offered at 80 cents.
500 bushels of Jersey yellow held at 10
| cents A lot southern white was held at 50 cents
g. was offered. At the latter rates, considerable
quantities Of the article going into store.
Pork rather duh, and prices nominal, at 80 SO for
prime, and Sll Is for mess Beef as last quoted.
Sugar, molasses, and rice without material altera-
| ton. Business remains almost stationary on ao-
count Of daily expected later news. Sterling bills
| inactive at ~ a 10. On Paris SOS IS 26I.
| Freight still inactive, and feature to no.
| tice.
| Yours, very truly,
MORGAN.
| NEW MUSIC--Just Received.