The republic. [volume] (Washington [D.C.]) 1849-1853, 1851-08-02
New York Correspondence.

ther--The Cuban SyfnpGthizeTs-- TPhalers-- Com.
nneRoaiseri Of Columbia College.
NEW YonK, July 81, 1881.
--rsesesssssy articles Of bur daily papers hard
~ give 4 statement OF the actual condition OF
the .peE arket, although the quotations of sales
of stocks sufficiently indicative of the state OF
things 10 enable outsders to form very good idea
OF the drgree of pressure which EXISTS among bor-
rowers. When sound dividend. paying stocks.
like the I<ie Railroad, fall nine or ten per cent in
the course of three weeks, it is pretty sure sign
that money must be tight Yesterday, at the first
board, there was depreciation of two to three
per cent in stocks generally, but prices recovered
little asShe second board in the afternoon. This
morning the market is heavy again, with symp-
toms of further decline. The arrival of the
Washington from Bremen, this morning, with a
large cargo OF goods, and the expected arrival OF
three four other large cargoes for the fall trade,
which will require very large amount of money
for duties, rather tends to aggravatc the eight
ness in Wall street.
The Washington was run ashore by her pilot,
Sandy Hook last night but has been got off
without much damage, and now lies at her dock.
The weasaer during the past three days has been
absolutely cold, 40 that outside coat and wool
len trousers would not have been uncomfortable
On the Battery, in the evening, people who had
before been tempted there to catch the sea breeze
now hurried away from that cool spot to avoid the
chilly night air. The wind has set in strongly
from the northeast, and seems to have come direct
from Labrador. Judging from the great number
of people corning down the river, should think it
must hetuacomiortaby chilly in Saratoga and on
the Catstill mountains; the steamboat New World
on her last trip down, brought nearly thousand
passengers.
The friends of Cuban revolution here are in hi oh
spirits, and some Of the leaders among them, who
profess to be in the secret of the movement ex-
press great confidence in the final success of the
revolutionary party. In conyersing with one of
them, yesterday asked him he reason of a cer-
tain newspaper espousing The cause of Cuban in
dependence so warmly, and was told that the pro-
prietor of the paper had been paid twenty thou
sand dollars; or rather that he had been promised
that sum, and had been paid seventeen thousand
dollar4 towards it.
A ship of six hundred tens was launched from
one of our ship-yRrds yesterday which was built
especially br the Hhaling service, for house in
New gedsStxA- 1i. b the atE. instance OF a ship
being built here for whaler, although nearly all of
our packet ships have been purchased foe that bu-
siness after their gloss has been off the Eu-
ropean trade But since they commenced building
packet-ships Of thousand tons, and over they
can no longer be used as whalers, on account of
their enormous size, and new ships have to be en-
ployed for whaling voyages.
The annual commencement of Columbia College
took place yesterday at Trpler Hail. in years past
the exercises OF commencement have always taken
place at of the three churches belonging to the
corporation of Trinity church,; but these literary
exercises are now regarded as a dissertation to a
church edifce, and they held this year in an
building. Columbia College is in
thriving condition; and since Mr.. King, the new
president assumed the direction of it's affairs, new
life seems to have been infused into the venerable
institution The fact that the literary exercises of
day were held in hall two miles
distant from the college, shows how greatly the
city has extended, and the necessity for plucking
up the venerable old building and planting it in
more suitable location than that which it now &C.
cupies. When the college was erected, in the time
of George the Third, it was away out in the woods,
and far removed from the centre of population;
now it il surrounGed by stores and shops hemmed
in on every S~fe by busy trades, and two or three
miles further below the centre of population than il
once above it. II would seem like dissertation
to cut down the grand old trees that now embower
its venerable walls, and erect in their place stores
for jobbers and Offices for attorneys; but the old
college will have to go the way of all bricks and
mortar before long Columbia College is not yet
century old, but it is the Oldest building in the
city, with two exceptions. There are bright
looking tombstones in Trinity church yard, that
the oldest edi55e in the city. S. ks.