Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1851-08-21
New York Correspondence.
New YoRK, August 5, 1851

counts and are calling in all their short loans,
the money market is very tight, IS TO Is per
cent is now the usual Wall st. rate for first
class paper. Under these circumstances,
the sale of the Bonds for the Eric Canal en-
largement are not very favorable. AT any
time, they would not hold out sufficient in
duccmcnts to wary capitalists TO invest; for
although, by special clause, they are de-
clared available as Banking securities, still,
as the only source Of repayment of principal
is derived from the surplus Of tolls, thou
sands will pause, before undertaking so per-
ilous an adventure. For when we look
around and observe the net of railroads,
which is gradually spreading over the whole
of our State, it must be obvious to the most
superficial observer, that if these railroads
are destined to carry any freight, which
experience teaches us they do and ciH, then
every barrel of flour they carry is so much
diverted from the Canal, and the better the
dividend of the railroad shareholder, so much
the worse is the chance of the Canal Bond
holder, of speedy repayment OF his capital
| Although as permanent, irredeemable in
vestment, the Interest is, l believe, perfectly
safe, still, that such stock will ever COM
mand par, | entertain the strongest doubt.
What strange freaks Dame Fortune is
constantly playing! l suppose you have often
heard Of Emanuel Lyon, the inventor Of the
famous ''magnetic powder" for the destruc-
ton of rats, mice, bedbugs, and all similar
pestiferous creatures. Well, Mr.. Lyon, it
is said, has lately become a German Baron,
or Prince, q don't know which, by the
opportune death of two or three male rela-
tivcs. | hope, if he returns TO Germany,
that he will turn his attention TO the inven-
ton of a powder that will extcrmnate the
despots and other social and political YER
min Of Europe, elfectually as his ''magnetic
powder" exterminated bed-bugs and cock
reaches.
Men usually know more of their own bu-
siness than Of other peoples. SO it is with
Nations. The Press has paraded before
the people Of this country SO long, and in so
many forms, the increase of our population,
commerce, &C., and has known or said so
little about other countries, that there are
many Americans who actually believe theirs
to be the only nation that is making any pro-
gress worth speaking of. The Worlds
Fair has done us much good. II has shown
us that some folks can do as well as others.
1t may not be uninstructivc to your rea-
ders, especially as our late census has been
the means Of filling the newspapers of the
Union with paragraphs calculated to give us
if not too high opinion of ourselves, at least
a too low opinion of what other people are
about, TO give few statistics of the progress
of other places just within the outer ring OF
civilization.
The prominent chronological develope-
ment, or rather one of the most prominent
Developments of John Bull is Self-Estcem
which gives him conceit, and tendency to
disregard the opinions and wishes of others
John is not very susceptible of fattcry. He
accepts your compliments as a matter Of
course, and no more thinks of returning
them, than an American lady thinks of re-
turning thanks for a seat given up to her in
a crowded omnibus. No, you can't wheedle
John. The only way Of getting along with
him, is to knock him down. That kind OF
logic he generally understands; but ii not
unfrequcntly happens, that he wont even
then give in-right or wrong. He has Ia
ken his position and he'll stand by it. The
only way then, is, to kick him while he's
down; and that, of course, will ''fetch him. =
The bump that ''sticlis out" strong, in
Young Jonathan, is Appropriateness. He
is everlastingly acting and talking with ref,
crencc to what the world will think of him;
and you can't get him to believe that he
changes his boots unobservcd by all creation,
who Immediately set about calculating what
effect the operation will have on the desti-
MES of the world. But have forgotten my
statistics:
The Colony of New South Wales has
just completed its Sixty-Sccond Birthday,
At the commencement of this Century, the
population was under 5000. 1t is now
over tifty-two times as large--the colony
numbering more than 260, 900 souls-while
the population of this country is only six
times as large as it was, at the commence
ment Of the century.
During the past ten years, our increase
Of population has been at about the rate OF
33 per cent, while that of New South
Wales has been 200 per cent, and even that
of Canada has been 81 per cent.