The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1849-01-29
Correspondence of the Crescent.

Correspondence of the Crescent.
n
| other Gold Story, etc.
NEW YORK January II. 1S4s.
Eds. Crescent-Every rumor. however idle however
improbable connected with the gold excitement caught
up with avidity, and circulated with exaggeraons
Staid Journalists heretofore cautious repeat the ses
stories with hardly discouragng comment, and ed
ors manufacture such they deem calculated to
| take with the crowd.
From all that see around me; am induced fear that
the country about being plunged into gulf of speculation
from which she will not without the loss OF much
that valuable nation and should not be at all sur
psed to find, in the OF few years. our merchants
again importing breadsus from the European Continent
Government grant-even OF mere facllltles-tO MesH
Aspinwa Co.. will probably the to another to
Gen Bayad other schemer OF his class, and this
will lead to series.
These schemes of course will possess all the elements
pausbiy and capitalists will readily engage in Them not
the expectation of the eventfu of the schemes
themselves but that OF deriving immense profits from the
which will be the consequence of anticipated mania
for speculation. Such MANIA with u.s. IS easily pro-
duced and many well how know TO produce it. Reports may
be manufactured by the specuao and portions OF the pres
be induced to pIorugate them with all due embellishments
until everybody interest is enlisted and the whole country
becomes brokers' shop Even already have such reports
ringing and eagerly caught up by the press
They far dispersed, but not beoe they have
done their Office and brought the backward within the
influence OF the charm Lnce within the magic circle, the
difficulty of retreat such that, when undeceved the
victim has lost The disposition to withdraw
Gen. Bayad estimates the cost of his projected road at
fifty millions of dollars 1t from St. Louis, Cor
rather Cairo and the wilderness undesig
mated point California To build the road charter is
required from each State through which 1t and
from Congress for each Territory The General only requires
in addition from the Government OF the United States,
grant of miles of the public lands each side Of
his road-that is to small strip fifty miles wide and two
thousand long onysay sixty four millions of acres
including suppose moderate slice Of the placeros.
There be nothing going day in quarter
of the CITY, except of course, the whaTves and fitting
establishments Provision dealers bakers workers and
machnists reaping fine harvest.
There be lu in the evil propenstie OF the
crowd and the courts nearly deserted whether their
patrons have moved for California not, cannot but
they much fewer than usual in sight
rather important civil has just been decided in
Supreme Court. Some since, eight nine, think
the Legislature of the State authorized the appointment of
Justices in Court of Sessions and under this authority
Judges Noah and Lynch plsced upon the bench Of
that When day came, the bills of these judges
rejected by the Board of Supervisors, and the former
obliged at last to prosecute the members OF that Board
for damages penal les ETC. The defendants OF course
cast and penalty of two hundred and fifty dollars against
each awarded This penalty for violation of duty
but the Be ard pretended to interpret being against the
city, and drew their warrants for its payment the City
Treasurer Just at this time however the politics of the city
changed, and into the Common
Council to put face affair.". The warrants
ordered to be paid and the matter again before the
The decision that the old verdict against
the Supervisors their individual capacities etc. This
makes quite difference and gives good lesson to party
Legislators.
There said to be only of cholera board the
Hero the quarantine ground. What has become of
the Others report saith not.
The Express says A states that merchant in
this city has received letter from the Captain of the ship
John Parker. at San Francisco, which vessel entirely
deserted by her 1t said that she has been manned
by volunteers from the mining districts, who coming
home with their earnings amounting the total value Of
$SO0,0OJ' Very respectfully, yours,
Trouble among the FfnancierS-Loss of the Heena-Ths
Printers FsstiUal-SiaUe CaSe-The Firemen, etc.
NBw YORK, Jan. 18th, 1S49
Eds. Crescent-There is something of are.up in the
North River Bank of this city Of the results of which,
far the forced resignation of Mr. A. B. Hays, the
popular and excellent Cashier 1t appears that Mr. Hays has
discounted for Senberger the celebrated dover
and specuator whose failure since produced
much noise and loss. At that time the North River Bank
lost about $4,000 Stenberger's paper and would
think should have been SIZED to have farther dealings
with him but such not to have been the He
has succeeded in getting about $50 900 by convincing
Mr. Hays of the safety of the speculation in which he
engaging 1t discovered that there only Tout
$40 coo worth of prorey that he reached liquidation
of the debt and the Directors declare their intention to
the surete of Mr. Hays for the full of their
bonds-wthn $40 000. Mr. Hayss friends contend that he
had perfect right under the rules CUSTOM of the bank,
to lend the to and SO have doubt the
will decide, unless investigation of the affairs of the
bank proceeding should elicit further unfavorabe
Developments.
The North River Bank is one of our Oldest and most sub
NEUTRALITY-SUSPICIOUS.. Its capital $655 600 shares of $50
EACH while its stock sells at $90a premium of 80 cent
We have nothing important from Washington or Albany
to-day. From Boston learn that the schooner Vnginan
arrived there this morning. having board Capt Buell. late
I'LL T. L.rL .ftn
crew of that vessel The Helena was bound for Galway
Ireland with cargo of l9 600 bushels Of corn She sprung
leak the 10th inst heavy gale, in lat 80 lon $50
The Printers Festival last nght-the Anniversary of the
Birth of Prankns represented to have been glorious
affair, and much regret that my engagements would not
permit to be present. Washington Irving, VIM c. Bry
ant N. P. Willis. Geo. p Morris, Rufus Grswod, Ralph
Hoyt, and host OF other Aterateurs hand and
the common language of the crowd was poetry printing
press too, the spot to print it as 1t was spoken.
In Brooklyn the slave abduction again
before the Municipal Court Clayton of the officers
who employed by Mr. Lee to his negro to the
Shore and who caught there and arrested by Officers
WOven and Hulse charged these named officers with
having acted Illegally etc.. they having other warrant
than writ OF habeds corpus upon which they to take
the negro Belt in custody They however seized negro,
officer and ALL and carried them to the Tombs The counsel
for defence commended that the arrest legal for the
that the law made kidnapping elony-a State Prison
Oence-and therefore the kidnappes could be arrested by
any officer without Justice Garrison sustained
this view of the subject, and dismissed the Whether
this the last of the not can not say Belt is
Uhere.
The Brooklyn Femen are just beginning to discover that
they have too far in their meeting The Common
Council this afternoon in special session. to consider
for adoption the threatened exigency and there
but little doubt that their proceedings will involve lesson
for the emen that will for those of other who
fancy the Inhabitants at their sole mercy. There
great principle involved in this question, which hope will
be fully brought and sustained by the Brooklyn Council
Yours. ETC. INDICATOR.
Prizes Of Var Decisions-Thc Franklin FestiUat-
" Hail Columbia '-SarDev Of the Isthmus-CaLVor
n,a-The Pope-BrookLyn Fire DeDdrtment-PacJfc
BGnk-Weather, etc.
New YORK, January 18th, 1849
Eds. Crescent The following decisions rendered yester
day in the United States Circuit Court, in Admiralty,
interesting persons who served in Government vessels
during the recent with Mexico.
THE UNITED STATES Us. The PROCEEDS OF PRIZES
TAKEN SCHOONER BoNTA-Decree for distnbu.