The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-04-12
Our Baltimore Correspondence.


Our Baltimore Correspondence.
BALTIMORE, April IL, 1919.
Terrible Mu,1me Disaste--AmfuL Death of Five |
Hen--Sad -46au-Robbry- sank Erc,tement-- |
Note Sharing Instit,etions-.fHe Mnkets--Stock |
Sales, &c,
The Sun of this morning contains an account Of
one of the mos, terrible, marine disasters imagina-
ble It appears that on the 3lst of March, the
Baltimore pilot boat Coquette with MIR. j. A. Mil
burn and four o.ier of our Baltimore pilots on
board was isAng in latitude 36 IA, about sixty
miles from Cape Henry, and about thirty-ive miles
from land, fell IN with the wreck of what they sup
posed TO be a rloop, bottom upwards. The water
was here ab'ou twenty fathoms deep. The small
boat was launched, and sent to the wreck when 1t
was discovered that she bore the name OF the
"ThomaIs Russell, of Cape May" Some OF them
got on die bottom, for at this time the after part
was floating well out of water, while the forward
yart was down, her head being under. MIR: Ling
was on the bottom, and bringing his head close to
the planks, he thought he heard a noise inside
listening again, he was assured that there were
persons alive inside. With these gallant men, 1t
required but moment to act Raps were gwen
on the bottom to inform those inside that they
were heard. Axes and saws were instantly
brought, and all hands went to work to cut through
the bottom to rescue those nsideIin shorI olie
they could be heard speaking. hole BENG made,
the confined air escaped very fast causing the yes
sel TO eettle more and more They conversed with
those inside, and learned that there were five OF
ting as fast as they could, having the assistance
also of stout colored man, the cook OF the pilot
boat. The hole being cut, one man came to 1t,
but could not get out From him they learned
that the name of the captain of the vessel was Bra,
DIV, at least so it understood Efforts were still
made to cut larger hole, to allow them egrcss;
The vessel, hewever, continued to settle, and
hliwith water, and three of the unfortunate men
were drowned The man who had his head out,
dropped back, and as he went IN, ne looked upon
the bright SUM- and rem e tn ,hs is e las, su
redoubled, but without avail, the whole OF those
inside perishing, fast did the vessel settle, be.
fore hole large enough to get them out could % pc
pilots, which was urged on by hearing the efforts
of the drowning men to breathe and sustain them
selves until relief could be afforded: ...
after the hole was cut which allowed the air to
escape; and the last heard from them were suppl
cations to the Great Arbiter OF events to have
mercy on them and save them While the men
were at work the sea was break king over them,
which greatly retarded their operations 1t Is sup;
posed by the pilots that the vessel was capslzed
on the 9th 2Sh of March, and that the lost per-
sons had been confined about three days. There
was a severe gale at that time. The opportunity
for conversation with the lost men was so brief
that their names or the cause. of the disaster was
not ascertaned. Indeed, 30 intent were the pilots
In their efforts for rescue, that they did not take
time to make inquiries. Mr. Milbum states tina,
similar circumstance, and that the events he wit
messed in the few brief moments which passed
between the discovery of the wreck and the
Perishng ct her GREY, can never verb pc eaced iron iron
and with hearty good will, but all effort was an
awaiting. The vessel appeared to be at anchor, as
she was steady, with the tide running by her. II
is supposed that when she capsized her anchor and
chains must have run out, and brought her to her
present position
A sad case Of negligence or inattenton to bust
~aI rI,t- ~ Tho afn n
the city. A lady sent 10 apothecary store to
procure some paregoric, and a boy IN attendance
gave her instead laudanum, labelling IT paregoric
The mother administered tea-spoonful to her
child, and in the course of few hours it was a
corpse. . e
Berkeley county, Virginia, was robbed yesterday
of a pocket-book containing $3.50. The, pocket
book red of Its contents, was found In the car In
which he had just arrived.
Our merchants complain most bitterly of the
course pursued for the last six months, by large
majority of the banks Of the city. 1t Is a dthcult
matter for the best commercial houses, unless they
happen to be directors, or have CLAIMS on me favor
of the controlling power Of a bank, to obtain an
accommodation. Each bank has ITS broker, or
rather should say, shaver and when man ap-
plies for an accommodation and is refused, the
shaver is informed of the fact, who takes care to
throw himself, accidentally, OF course, IN the way
of the applicant for bank favors. This, accidental
interview finally ends In the merchant beng
shaved at the rate of from one to one anS quarter
per cent per month"; and the bank receives eight or
nine Der cent for it's money, instead of legal ne-
rest II is a notorious fact, that, with about three
honorable exceptions, the banks OF our city are
of no manner of service to the commercial com.
munty, and have, over and over again, forfeited
their charters, by thus indirectly Obtaining more
adopted the system of borrowing from each other,
and never think of applying to bank.
1t is undoubted fact, that legal interest In our
State is entirely too lew, being fixed al six per
cent, rate less than money, at most times, Is
really worth. The business of shaving notes at
most usurious rates. is becoming go extensive, that
every man Of sufficient shrewdness and experience
to Judge of the value Of paper offered, IL getting
into the bust mess. Most Of the business done by
the bank shavere, consists of notes given by our
merchants the North and sent here for discount,
and it is but seldom that they done for less than
one per cent a month
STOCK SALES.
$50 City o's 1860 10o 27o do, COX 200 City o's,
1870 90; 1900 Baltimore and Ohio Railroad dividend
bonds, 81; shares Bank Of Baltimore 81 do.
do, S4h; 10 do. Farmers and Planters Bank, 49, 10
do. do, %; do Mechanics Bank 14k; 20 do. Fire
mems insurance 16k; 2S do do, 16tt; do. Baltimore
and Ohio Railroad, AN; do Baltimore and Susque-
hanna Railroad, 1917.
The -four market is very dull, and prices have fur
ther declined We note sales Of Howard street brands
at - 12h, and the market closing heavy on change.
City mills offered ut 81 Is. Corn meal 81 70 a ~ 81!
Rye -four 81 sly So The grain market is quiet
We quote good prime red wheat, at 92 " cents.
White corn 40 cents, and yellow A a46 Oats 20 20
cents. Rye 55 o SO cents. The provision market Ia
dull mess pork nominal at $40 IS $11. Bacon quiet
Lard oh N cents in bbls and kegs Groceries quiet;
prices unchanged whiskey is dull; sales at 10 20
cents, in hhds. and bbls.
Our Philadelphia Correspondence.
PHILADELPHIA, April III, 1870.
p,wn svIt,auias Iuferrst-Belridere Rn,Iyoad-TItaL