The republic., 1851-06-09
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During the past week there have been some half
dozen failures among a class Of men who were
supposed to be placed beyond the possibilities Of
bankruptcy from any mercantile chances or
changes.
Speculations in coal mines have been the cause
Of these financial misfortunes. In addition to
these, there has been cotton failure Of i'm
portance, and another among the corn and flour
dealers. But, In the general abundance of money,
these events hardly create sensation, except
among the parties Immediately interested While
money easily be obtained at five per cent, it ia
difficult to repress the spirit of speculation in Wall
street, even at the approach of hot weather, which
generally acts as a sedative in financial affairs.
'corner" has been got up in the stock Of the
Reading Railroad Company, and it has advanced
some five per cont. under very heavy sales. The
operators are Boston people, who act a very i'm
portnnt part in nearly all money speculations now
a-days. Although the receipts of gold dust from
San Francisco have been larger this week than
they ever were before since the auriferous region
Of California first discovered, the outgo Of the
precious metals has been correspondingy large.
The Africa, yesterday, carried out six hundred and
eighty thousand dollars in gold, and the Collins
steamer that leaves to- morrow has an equally large
sum already engaged The Narrows that lead into
our harbor form a veritable gateway of gold"
The amount of gold that daily passes through that
warm channel would make all the stories of an
cient wealth sink into insignifcance. All the
gold and silver that exported freight are
regularly reported, while the enormous sums that
are brought in by the thousands of European emf
grants daily pouring in upon US are never noted
in the public papers. But the amount Of foreign
coin brought by stserage passengers, and particu-
larly those that from the north Of Europe, is
very large, and forms very important item in
our financial balance sheet; unfortunately there is
no way Of ascertaining the exact amount of the
precious metals that flow in upon in the pockets
Of immigrants, and, though we re Up the benefit Of
it, our financial statisticans apt to make Sc
rious bun1ers from not taking this of sup
ply into account when making up their tables
Our city government yields to the golden influ-
ences of the times, and enter largely into the
spirit of improvement and expenditure At their
last meeting they passed two laws, which promise
not only very large outlay of money, but a more
than correspondingy large income of benefits.
They have resolved to enlarge the Battery, by ex-
tending it seaward into the bay, 30 as to enclose
Castle Garden within wall; and to pur-
chase considerable tract of land between Sixty
sixth and Seventy fifth streets, and extending
very nearly from the Hudson to the East river.
This belt Of land is well wooded, and contains
about one hundred and fifty acres. II will be
great blessing and beauty to the city; but it is
hardly large enough to correspond with our in
creasing metropolitan magnifcence New York
has always evinced the most liberal spirit in the
outlay of money for improvements calculated to
benefit the people, and although largo Gums
have often been squandered, without any
responding profit to those who bore the burden
of taxation, yet the spirit of liberal outlay has
never abated. And this liberal feeling has in
fused itself through the entire State, has
just been remarkably manifested in the election of
Senators to fill the places of the recusants who
thought they were recommending themselves to
the people by opposing the whig policy of canal
enlargement. The result Of this election must have
very important influence, as showing the pre-
ponderating political sentiment of the State. II
was an appeal to the people on purely political
principle, Of the vital principles of the Wing
party and the result has been satisfactory to the
Wings, greatly beyond their most sanguine expcc-
tations. Let doubt, after this that the poti
cal sentiment Of New York 10 decidedly and strong
ly Whig.
The new movement which has lately been made
among our ladies, preparatory to n revolution in
dress, begins to have decidedly serious aspect. II
may be regarded as our second declaration Of inde-
pendence. Heretofore "felnnle fellow citizens"
have not dared to say their souls their own,
(frls and founces being the souls of women,) but
have held themselves more entirely at the mercy Of
the modistes Of Paris than Russian serf did
to the will of his owner. But now there has COM
menced q regular revolt of the crinolines, which,
imagine, will cause much astonishment. among
the milliners and mantuamakers of Paris, as our
forefathers caused to George the Third, when they
made up their minds to set up in business for them
selves, and do without stamped paper. The real
| "downfall Of Paris may be dated from the COM
mencement of the new revolution. The business
of publishing fashion plates for ladies will have
to be abandoned; and very serious hole will
be made in the business Of importing French
goods, If tho new movement should prove
successful, to say nothing Of the falling off in
the revenues from the loss Of duties on Parisian
finery So far there has been a good deal of talk
| and very little cider in regard to the new
tune, but a crisis is not far of, from all appear
| ances. celebrated dresspaker, in Broadway,
has sent around cards TO the fashionable world in
viting ladies to inspect, at her rooms, certain
day, some dresses made up on the new plan. But
| the most significant movement was made last
evening by Mrs. Seba Smith, who gave lecture
to distinguished audience at Hope Chapel, in
which she advocated the new costume. Mrs.
Smith is not one Of the antastcal school of female
philosophers; but well educated, disoseet and
highly respectable lady; she is the wife of Mr..
Seba Smith, the original Jack Downing, formerly
editor Of paper in Portland, and the discoverer
Of new system of geometry, in opposition to that
of Euclid. She has some reputation a poetess,
| and 10 very agreeable prose writer. No lady
has yet had the courage to appear in streets in
the new costume, and doubt whether appari-
ton Of a trouscred woman will surprise the prom
enaders in Broadway very soon; but 1t is quite
probable that attempts will be made to introduce
the new drcss at some of our fashionable watering
places, whore men, and women, too, have the priv
ilego of being bizarre and "stunning" Apropos Of
new rigs: A new ship, called the Great Western of
fifteen hundred tons burden, has just been added to
the old Blackball line of Liverpool packets, which
has new rig quite as novel as the proposed dress
for the ladies. The novelty consists of an extra
yard on the foremast and mainmast, fastened on
pivot in tho centre of the heel Of the topmast be-
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