Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1851-10-04
EXTRACT OF A LETTER FROM THE Ed.
TOR, DATED
PHILADELPHIA, |
Sent. 30. 1851. (

TOR, DATED
PHILADELPHIA,
Sept 29, 1851.
Business in this city the present season
has been comparatively dull and the money
market, still continues, in vulgar parlancc,
exceedingly eight" one and a half per cent.
per month, being the rates for good paper
In New York there have been a number of
very heavy failures, and we heard a mer-
chan, from there, state that it was estimated,
that fifty or one hundred more failures would
take place before the pressure was over
That these results have been induced by en-
cessive impcrations under the tariff Of 1916,
can no. longer be questioned The gold Of
California and every thing we can sell is
absorbed and sent abroad TO pay for goods
we should make al home.
The Sunbury and Erie Rail Road Conven-
tion, held on the 25th, brought together quite
a number of individuals from different parts
of the State, TO further this important project.
The Convention was held in SAMSON Street
Hall, and was temporarily organized by the
appointment of Charles Gipin, Mayor of the
city, as President. Mr.. G,pin delivered
neat address on taking the chair, and spoke
iavorably of the project, but it is not 10 be
disguised iha, but few, very few citizens
attended the Convention. The evening ses-
sion was held at the Musical Fund Hall, &
much larger building, as it was supposed
much larger number would attend, after
business, but the Hall was not much more
than half filed There are but few Phila.
delphans who have proper conceptions of
the importance Of this great work. but the
matter has al least awakened them 10 in
quiry, and it will not be long until they will
be driven by self defence, and actual neces-
sity, TO construct rail road TO the lakes
Judge Woodward delivered the set speech
for the Convention in the evening, which
though good in itself, was not as effective and
as well arranged with facts and figures, as
might have been, by proper preparation, by
persons fully conversant with the subject
Judge kelly's speech was also well received,
and was very petty display of eloquence
on the greatness and future destiny of Phila-
deli phia, provided she would bnild this road.
The Judge did not descend 10 particulars.
but dwelt upon generali,ies, aud adopted his
speech more particularly for home consump-
tion. MIR. Bellas, in his speech, in the morn
ing, referred 10 some Interesting statistical
information, which he read in the Conven-
lion. Joseph R. Chandler, Esq, also made
pretty of hand speech, ahoundiug in wit aud
good humor. MIR. Pennilnan cas,igaied the
citizens generally, for their want of interest
in these matters, and stated that there were
hundreds in Philadelphia, who owned blocks
OF houses, and yet had never contributed one
cent towards any Of the public improve.
men's. Mr.. Penrose made several speeches
in favor of the project. Judge ellis, Mr.
Galbraih, Mr., Siuihers and other gentlemen,
stated number of interesting facts in rela-
tion TO the prospects Of the road. The cor
porations and citizens of Erie they said had
subscribed S500,000 towards the work.
Warren county has subscribed SIO0. 600, and
by individuals abou, as much more. Elk
county, Judge Gillis stated, had subscribed
100000, and her citizens about $3.50, 900,
while her whole assessed property did not
amount TO more than $500, 900, and stated if
Philadelphia would subscribe one tenth as
much In proportion, the road would be made
in two years. Lycoming aud several other
counties, it was said, would subscribe large
sums; making in all about 81 200, 900, or
about one fifth of the whole cost of the road
when completed.
The proceedings of the Convention were
not as well arranged as they might have
been, though what was said and done, has
not been without effect. Such a speech as
was delivered by Gen. Packer in the Sun
bury Convention, would have added greatly
TO the weigh, of the proceedings. have
not asceriained the number of delegates pre-
sent, but they are not 10 be judged by The
number of officers appointed ont of each
Comfy. Sunbury was represented by twen-
~ Two delegates, and Northumberland by
four, being, with the exception of the Schuyl-
kill county delegation, The largest out of The
city; yet there were but three persons out of
the Number named in the proceedings, while
the adjoining Counties had at least half their
number, appointed as Vice Presidents and
on Committees J mention this as an act of
Justice 10 our delegation.
Politics is IN rather a confused state in
Philadelphia. Many Of the wings are far
from being satisfied with Governor Johnston.
It is estimated that he will loose al least
5000 votes, in the city and county, though
il is generally conceded, that his able and
sarcastic reply, to the silly aud impolie let
ter addressed TO him by Cadwalader, Forney
and others, has brought back a number who