The Portsmouth inquirer. [volume] (Portsmouth, O. [Ohio]) 1849-1855, 1851-03-17
Nem Yoll- Correspondence.
Nav YopK. March =. l8I


NRw YORK, March Z, 1851.
The recent failures of two great firms, and
three or four interior banks, are the topics of
conversation in Wall street to-day. The ex-
pected panic was not so great however, as. to
effect the sale Of the 9Th rate Erie Railroad
Bonds, S2,690,000all of which were knocked
off at 80 per cent. S9, 600 at 904 and S20, 900
at 90a; supposing tito have been bona Jids
sale.
The money market is Tightening up a little
since the failures. p
Austens & Spicer, (well known to some
of your merchants as auctioneers OF immense
quantities Of woolen and cotton goods) were
at the stop of { heap" prior to their failure;
They livedus high, operated as largely, and
had as unlimited credit as the now exploded
concern, Suydam, Sage & Co., did year ago.
Now there are none so poor as do them rev.
erence. Six months ago they "showed their
nds," and satisfied the public Of their SOL
vency. They are mixed up in the failure OF
HOLSTERS Bank and the Empire Mills.
The Lewis County Bank, Hamilton Ex-
change Bank, and Henry Keeps, Bank, (all
in the interior Of the State) were said to
have gone, by the Board (of brokers) butit
is now denied. Nous Ucrrons. 1t is said
yet contradicted, that their bills were received
yesterday at the usual rates OF discount
Isaac Storms Esq, a retired merchant, is on
Austens & Specirs, paper TO the amount of
100000 90. Unsuccessful California spec
ulatious are said to be at the bottom OF the
trouble. f1
The Omnibus War"-as it is denomina-
ted-growing out Of His Honor, the Mayors
revocation Of certain Omnibus licenses,
which he believed to have been obtained
of his predecessor by bribery and corruption,
has ELECTED certain affidavits, which if true,
are certainly very discredi,able to ex-Mayor
Woodruff. The offending omnibus owner
is named Bortire Several witnesses testified
that for one cause or another he had commu-
nicated to them in confidence, the statement
that he could get, or had got, license from
the (then) Mayor for his new line on condi-
tion of giving him $4,000 for electioneering
purposes
There are altogether more omnibusses on
Broadway that are wanted, should suppose;
at least there are enough to render it almost
impossible at times for other vehicles. The
drivers "hold up" at the corners of the
streets between the Battery and Park, in Or
der to catch few passengers, and thus OBJ
struct the way of drays, &C., emerging from
the cross streets; hence the carts and stages
get all in heap, hundred of them together;
wheels locked and all in snarl; condition
of things productive of large amounts of
hard swearing, Safeguarding, and shaking
of fists.
To prevent these troubles, the Mayor, Mr..
Kingand, has now stationed policemen pref
ty thickly through Broadway, to hurry up the
drivers and keep the current clear, "Move
on Move on =" is not familiar cry in the
mouth of these guardians Of our liberty. If
the drivers show fight IA not uncommon
thing, for like "Mose" they "spile if they
can't haDe a FUSS" occasionally they are
overpowered by superior numbers and taken
before Magistrate policeman in the mean
time, dislodging the passengers, and driving
the stage to the stable. 'la y
The course of the Mayor is denounced as
high-handed, and vast deal of "public in
, dignation" steams up from the "doggeries"
and ''stews," but his motto is "Fiut j,tStitia
d'c" let justice be done, even though she
should be done brown.
Steamship Union, of the new line Of New
Orleans Steamers, sails tomorrow afternoon
with Stimson & Co.'s Express freight, in
charge of one of the firm of Adams & Co.
The y. s. Mail Steamer Georgia, will sail
for Havana, N. Orleans and Chagres next
Tuesday.
New York is increasing in size, rapidly
though silently. "A Asplendid freestone block
of stores is now finishing in Park Row,
new Hotel to cost $3.50, 900 is going up at the
corner of Eleventh st., and Broadway, Dry
street is to be made 10 feet wider, and filled
| with elegant five story stores, on the south
east head of Wall ST., an expensive struc-
ture is about to be built for the Bank Of
the Republic, on the corner of Broadway
and Liberty street an immense freestone
| block is TO 80 up-$294 900 has been paid
for land at the corner of William st., and
+ WALL for fine edifce, and the Medical
: University faculty are building a beautiful!
palace for themselves, on l4th ST., on the
D Egyptian style.