The republic. [volume] (Washington [D.C.]) 1849-1853, 1851-11-05

| By Chsrokee's Ns.1s-JRs Specie Expectation
Speculations- PyiDate Banking Houses an H'aH
| Nsto Clipper Ships-Erie RaiLr0ad-Kossuih-A
Hoa1 - Calharine Hayes and the Father MaihelD
Bencft-DIadGme Biseaeeianti- Singing Birds
New YoRK, November 3, 1851
The eve Of election is full of absorbing portents
as the eve of the delugej and who will be the No
abs to escape the flood of to- it is not easy
now to name. When you publish this letter,
however, you will also announce the political ark
ties Of to- morrow's storm sorry to say it, but
the prospects of Wing defeat in the city rather
strong. BY some means other all the local tick.
cts have been split up mere local disputes and
personal differences, that neither success de-
feat could of itself be indication of the relative
strength of the two great parties, whose force can
only be determined by the Presidential vote. That
the Whigs have clear majority in the State and
county there is not much doubt; but the difficulty
is to make it available in purely local election,
where there many extrinsic issues introduced
| to distract the harmony of party
The arrival of the Cherokee Saturday night,
with the unexpectedly large amount of two mil
lions and quarter of gold duet, in connexion with
the cheering news, commercially speaking, which
she brought, has had very decided and inspirit
ing effect upon the stock market. Prices for
ly every description of stocks advanced from half
to per cent before the board. but fell off triie
at the first call, owing to the disposition of specu-
ators to realize the profits of the rise But the ten
dcncy is upward and during the next six weeks
there will be, doubt, very great rise In public
securities The steamer Hermann, on Saturday, car
ried out but seventy thousand dollars in specie, but
tissupposed that the Cunarder on Wednesday will
carry, on freight, ut least million. The shipment
of so large a sum may have tendency to depress
prices; but money is very abundant, and easily
obtained good securities, it will be impossible
to keep down the spirit of speculation Large
amounts of cotton bills have been anticipated from
the South, but they have not yet come for
ward and the shipment of specie Wednesday
will be to meet the deficiency created by
the non re ceipt of southern bills. The money
market is in very remarkable condition, con-
trastng it with the state of things only thirty days
ago; then, money was eight" stocks were all
down, confidence was at very low ebb, and the
rate Of interest from eighteen to twenty per
cent. on fret class paper Now money is plenty,
confidence has been restored, the rate of interest
does not exceed seven per cent, stocks all up,
the future is full of PROMISE and the spirit OF specu
laon is rife. Yet no change has actually occurred
in the condition of the country, the prospects Of
the next wear, to warrant this change of feeling.
The gold that has arrived from California we knew
would arrive, our foreign debt remains as large as
ever, and our political relations with Europe have
undergone improvement. That affairs will go
ON swimmingly until the fret of January, and un-
til some time after that period, is pretty certain;
but after that comes the flood, which will sweep
away the Accommodations of prosperous years and
E seasons
Among the changes in Wall street is the growth
of private banking houses, which are becoming
more important in the extent of their transactions
and the amount of their capital than ever before.
A new banking house recently erected in the rear
of the Bank of New York, between Wall and Pine
Streets has been taken possession of by Messrs.
Duncan, Sherman & Co., newly organized pri-
waite banking firm, who have made arrangements
for doing regular banking business on larger
scale than has yet been attempted by any
similar house here. The tendency in every thing
with US ia towards magnificence of dimensions. The
Duke of Wellington said there could never again
be cheap in Europe; and il may be said that
the day of cheap things is past altogether. Gran
deur, speed, and magnfcence the ruling ideas
in the American mind. ship is now lying in the
East river called the Hurricane, (another fast
name that was launched in Hoboken a few weeks
SINCE that overtops and belittlcs every thing afioat
lying near her. She is nineteen hundred tons
, burden, and spared enormously; SO that she
, loons up prodigiously, and looks as though her
main truck would be regular sky- scraper; she has
skysail yards crossed, and yard above them which
|
and designed for the California trade. Another
: new clipper ship, of equally beautiful model and
fine appearance though not so large by eight hun
bred tons, called the Swordtish, is now loading for
San Francisco in the North river.
Speaking of magnifcences-w magnificent
receipts the monthly returns Of the Eric Railroad
exhibit The directors of that immense work based
their calculations, when it Completed for di
vidend of six per cent. to the stockholders on ten
thousand dollars day earnings for the working
days in a month. But last month their receipts
were three hundred and twenty five thousand dol
lars and this month (October) they have exceeded
three hundred and fifty six thousand The stock
sold at the first board day at s5, and at the &C.
cond board at So.
The recent accounts from Kossuth have, in de-
gree moderated the zeal OF his admirers here, and
there seems to be ul in the preparations max
Ing for his reception. One day last week Mr.. Genn
received Geographic despatch from Boston, pre-
tending to be from Governor Boutwell,, Of Massa-
chusetts, authorizing him to draw on his exceency
for FIVE hundred dollars, to be added to the Kossuth
fund But Mr.. Genin had the prudence to send on
to the governor before he made his draft, and
, learned that the despatch was hoax.
Catharine Hayes is back from Boston, and will
give a concert at Tripler Hall on Wednesday night
for the benefit of her lyman, Father Mathew,
who leaves here in the Collins steamer on Satur-
day
Madame Biscaccianti gave very successful
concert on Saturday night in Tripler, and will
probably give another at Niblos Concert-room
some time during the week. All the singing birds
are back again in Astor Place, and the opera
con commences tonight with Steffanone in Nor
ma. D n ..
=
THECALIroRNIA ELEcTIoN.-As far as heard from
, the votes follows:
Democrats Wings
Governor-Big her, 49, 76 Reading. 81 1881
Lieut. Gov.-Purdy. .22,9l6 Baldwin. Is, l73
Treasurer-Roman "a ,149 Burt. .l9 1902
Comptroller-Pierce. .22, 4S9 Abell.. 30 ,204
SUP Court-Heydenfe22 ,90S Robinson. &c, 206