The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-08-22
New YoRK, August 81, 1886,

NLH iOhhp hubuot 81 iOfo
To the Editor Of The Union!
You will have seen, by the arrival Of the Ats
aide at this port last evening from Havana, that
revolution had broken out at Vera Cruz and at Other
places in Mexico; and that Santa Ana and his friends
had left Havana for Vera Cruz in British steamer
chartered for the occasion.
Opinions here vary as to the results Of this new
movement. Some think it will lead to an early ter
mination Of the war, while others suppose 1t may
greatly protract IT, The brokers in Wall street,
however, incline to the former belief, on the
strength Of which stocks improved In prices. The
news, viewed as it may be, is nevertheless lmpOr
tant as the change will evidently terminate IN the
complete overthrow OF the government OF Pa
redes. The American troops in Mexico will
have for some time no enemy to meet The
Mexicans will be withdrawn by Paroles 10
oppose the march of Santa Ana to the capital
They will for time find a plenty to do in fight
ing each other without pulling a trigger at u.s.
If Santa Ana is wise, on succeeding TO power be
will aim to get rid of the military complexion Of the
government, and have substituted in its place Of
a sound constitutional character, and make peace
soon possible with the United States.
The Albany Evening Journal has come out in
great harshness Of spirit against the New York En.
press. The Albany print wants a Col. Young mot
Samue) to be nominated for governor The Ex
press declares it has never seen the man, and only
knows enough of him to know his principles are
mot whig." Neither does it comprehend much
more about certain Mr.. Harris another avorlte Of
the Journals. AS the autumn election approaches
the quarrel among the wing organs will become fu
rlous and vindictve in the extreme.
The democratic party are discussing matters qur
city, and canvassing the claims Of candidates with
that degree ofemperance and forbearance which can.
not fail of producing favorable result. When the
hour Of battle comes they will be found ready for the
conflict from which they will come out with victory
inscribed on their banners. A party is always strong
when It relies upon the strength Of principles for
success, and still if its principles like those
Of democracy, be true They then become sooner
or later those of the people. A party which loses
sight of principles for men, ought to be defeated
Repubcanism has Away triumphed when prinC
pies alone guided it through the defles of party sre
And such will continue to be the in future. 1t
is reasonable that personal partalities and prefer.
ences for men should exist; but when patriotism re-
qulres 1t, they should be sacrificed on the alter Of
principle.
The resources of all the banks in this State, with
two or three exceptions, at the expiration of the last
quarter, are put down at Sic ,72l, 248 In this
amount was included about sxty-two million OF
loans and discounts ten millions of stocks and pro-
mssory notes, five millions discounts to directors,
only eight millions of specie and four millions of
cash loans, with two millions of bills OF other SOL
vent banks. IT thus appears that the directors in
oanlng hive millions TO themselves, besides the sums
loaned to their immediate relations and friends,
amounted to about one-twefth of the sixty-two mil
hons OF loans and discounts made to the public at
large. Or that they borrowed for themselves nearly
as much Of their own paper as they had specie in
their vaults. Yet, as stockholders were receiving
large amount of interest on loans which had com.
Paratvely small amount of specie basis a capt.
tai
The aggregate liabilities, including about five
millions OF profits, is made TO balance their resour-
ces Among their liabilities, is forty-two millions
put down as capital-seventeen millions of notes
(regIstered, in circulation. Due depositors on de-
mand twenty-eight millions. Due banks eleven
mlons. Due the United States two millions. 9th
er small items make up the statement
Inc Albany Argns gives the returns for the last
last quarters, to August the lst 1885, and remarks as
follows:
ut will be seen that since the last quarterly state.
meht' me loans and discounts have decreased nearly
four millions Of dollars % 1913 945) that the specie
has increased $50 ,6S5; the cash items decreased
Ss9S, 4I9, the amount due from hunks $685., 257,
circulation nearly three millions go 93I OO6 the
individual deposites S2,75S,S2 and the United
States government deposites 81 ,377, 1852; while the
amount que 70 banks IS increased ST. $40 49, and to
the canal fund 1887"
Whenever money is tight and the hanks become
chary ofoans, and the interest of money is enhanced
IL IL 100 often proof that the banks have no more
money 10 spare than the directors and their mme-
ala'e friends require for their own PURPOSES The
panN'ng system oil this State is as sound, probably,
as any other in the country; yet their own returns,
o,en 'aacious' Is true, as they always make out
ects and but too plainly indicate that great reform
is needed somewhere, before the rights Of labor are
sofhG'enty guarded against the incorporated or COM
blned power of capital
Inc second mate Of the Queen of the West has
3een held TO bail for disobedenoe of orders, for en-
deavorIng to get up a revolt.
Professor WOolsev has k.,,, zl...aI -..z.lont of
Yale College, in place of President Dav, resigned.
ne mes STOCK market was frmer to-day.
l,ooo oales cotton sold; market firm, and tenden.
cy upwards.
sOVO barrels Genesee flour sold at 81.
oOVO bushels white Genesee wheat sold at "a cts,
uehyery to be paid for. Some North Carolina dan-
eged wheat sold, price not mentioned. Western,
red, was quoted et az c,s