Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1851-11-27
OUR NEW YORK CORRESPONDENT,
NEW York. nav X 90.

Gently exposed the villaiuous exar.;or. - :. -
Jersey, from passengers on the R,iIro,a. !. ~
that State, and pointed out the n..a,...
lays and bad management In the pr-..r, u !,
transit between New York and Wa,h;,,.,. I.
also took occasion 10 suggest th,t WV sa..,,.1a
ton gives Congress the power 70 est,h,;.h
roads, and that it is possible thu no,ar O. -.
be experienced by char'eriny R,;lrc,,, Y. M
air line, or as nearly 50 as may Be, from W. y
inSton TO this City. II is doubtful whe,h., = n
thing will ever Gene of the suggestion ~, !, i
well nigh certain, that public opinion i ~. .
land Pennsylvania and New York, woua ,au,a,.
such project ain credibly informed tia, IL.
are capitalists who are ready 10 subser;h. =.
whole amount of stock required for the .,.-.
prise, If the proposed charter is granted 10 th.,.
and they will undertake to carry the II . ~
on the road, for erer, free of expense. Th;, !.
therefore, a matter worth thinking of, par,ieul,,
ly IN view of cheap postage
| There have been greater facilities for oh..;.
money. in this city, during the past few a., ~
an improved feeling has existed in the MARIE w.
The banks and private capitalists are run IL NJ.
ney; but they exercise a wise dscretioc \, W.
use of IT. Spectators have. therefore. b.ro..
more cautious. 1t is this close feeling ~ q.
banks and capitalists, that viii keep who..,op.
curb upon speculation, and prevent too gre,t \.
expansion. Notwithstanding the growing aim.
dance OF money, and the reduction alreadr RAJ
zed In the current rates Of interest, there win \.
more failures among the commercial ci.s.ex
Most of the failures which have been r.por,.1
within the last six months, have been caused Nv
! speculative operations in no way connected with
the regular business Of the losers. b. for ,s..s
illesitimate transactions, many Of those hons,
won'd have continued solvent. and their credit un.
tainted. The mercantile classes are NOT ssii,6ed
| with the regular operations of trade They h,v.
desire TO get rich, without going through The
! slow and sure, process Of accumulation. Thpv
wish-by some sudden speculation. by soue for.
tunate turn in the Stock Market, or in Real q
tate,--to secure fortune; and they risk an 10
accomplish that object. The profis--eyen III
anticipated profts-ot their regular business are
involved in some hazardous '.outsider transactcu
the failure of which is sure to bankrupt The whoIe
concern. There is hardly mercantile house. m
this or any any other large city, that is not enSs-
gei 10 greater or less extent, in speculaticns,
eitl&a. the name of the Firm, or Of individuals
forming it. Our New York Merchants, genesal-
", commence business with very moderate cas-
tails; and, upon weak Foundation, they buinur
in a few years, an enormous business Not sat-
isfed with this, without rejecting trait rerea-
/ it is already too largely expanded, they rush
blindly into some wild speculation, which via
draws large portion Of their capital from ,heE
regular trade; and then, any unfavorable turn IN
the markets, any sudden contraction in the sup-
ply OF money, any false estimates in their caIcu-
lations, or any arrangement in public affairs, Il
home or abroad, is sure TO break them down, and
involve them deeply in bankruptcy This IS The
cause of seven-eigh.hs of the failures that occar
| in this or any other city.
Kossuth Is expected to arrive here, on We'd
nesday next. His reception will w tie most
magnificent affair OF the kind ever witnessed ~
New York. More splendid than the reception
OF La Fayette, because there y more wealth
now than there was then, end more people
Three triumphal arches arc to be erected in
Broadway; and all the military of this city and
the neighboring places propose to turn out, TIE
procession will be immense. Those Hungarian
exiles who arrived here in the Mississippi, Geo
tinue to be feted. The Mayor has drank with
them, the ladies smile upon them, the landlords
are obsequious, the boys admire them when they
venture into the streets, and in short, the whole
town is agog 10 see and honor the distinguished
strangers. 49,
The great suit between the Methods. EpIsco-
pal Church, North. and the Methodist Episcopal
Church, South. which was argued some months
since, by Hon. Rufus Choate, Hon. Rrrerdy
johnson, Danl Lord. and George Wood, Esq'rs,
has been closed BY decision which was render
ed by Judge Nelson, few days ago. The de-
cree is in favor Of the plaintiffs the M T. Church
South, awarding 10 them their propcriionsie
share of the funds and property of the Church
The decision is long and elaborate document
Thus ends this great ease--onc OF the most In
portant that has ever engaged the attention OF the
public-but what the effect will be, time only
can determine.
Two Priests have arrived in this city. with an
hority 10 collect subscriptions for the purpose OK
building Catholic University IN Ireland. l na'e
known of persons making trip from tins eoun-
try TO Europe, in search OF money TO build EJECT
lighthouses, &c, but ii is new thing TO see FUNDS
collected in America 10 endoa European UNI
versity.
The Worlds Fair advertised the fact tnat y
merica sis not con,emptible;'' and these press
are endeavorins to avail themselves Of thas A.
covery. Shrewd men these priests. Theye%
hand. in good season--they lose no time; Know
Ing thai now ii has gone forth over Europe, rcIl
London, that we are no longer contenphoie,1'
shall be so bored BY the better class OF bcsEan
from the other side of the Atlantic, that we 60
be compelled, at last, in self defence, 70 ou'.S.
UP our pockets and give no more. II seems
foreign priests are determined to be on 49,.
while our pockets are still unbuttonet
Prodigious Trickster Barnum has la'eiy au''
tised a reward of two hundred dollars 10 'ns
thor who shall send him. on or before tne ''A
February next, the best original, local anu y"
drama. This DRAMA" he says, "Das' DC ''
pie in its plot, humorous in its RELIEF, ana Nv"
in its aim" Literary COMMITTEE OF u.s.. =,
ability and impartiality, are to DECIDE cPsA y.
merits of the several manuscripts SEM W.
provision is made for the return OF 'nose -,