The republic., 1851-08-15
New York oorrespondenes.

4
Cooper-A Poem by LongfelIoio-Mrs. Forrest
preparing for the Siage-ItaIian Statuary-An-
other Clipper Ship Trial Trip ofG Screto Steamer.
New YoRK, Aug. Is, 1851.
On the first day of this month our new law to
prevent gambling into operation, and 30
stringent its provisions that it is said all the
notorious gambling houses were closed the night
before by their proprietors, who gave farewell
banquet to their patrons the momentous occa-
sion. But there is still gambling going on, if not
of that particular kind OF which the statute takes
cognizance, very limited acquaintance with
Wall street "articles' will convince one. l wrote
last week that there had been the bues day in Wall
street that had been known there in many years; but
yesterday was shade deeper in the complexion of
the money market and the depreciation ofthe stock
market was greater than it had before suffered
in very long time The ball among the
brokers and spectators is the Erie Railroad, and
this serves as kind of thermometer of the state of
feeling among operators. Last week this stock
suddenly rose six per cent under the combined
influences of the gold received from California by
the Empire City, the news of greater firmness in
the cotton, and desperate movement on the part
of the Bears to induce purchasers to "come in''
But there has been sensible relief to the money
market. The banks have shown no disposition TO in
their lines of discount; the Bears got
alarmed, and a simultaneous determination to
sell caused sudden panic to fall among the
speculators, and yesterday down went Erie
to 7Os, fall of four per cent, and this morn
ing there was another decline of two per
cent, which was partly occasioned by the Pro-
metheus from Chagres, bringing but two hundred
thousand dollars in gold dust. II ID the general
opinion among the intelligent and reliable deni-
zens of Wall street that the pressure cannot last
longer than ten days, for, soon as the shipment
of specie shall be checked, the banks will discount
more freely, and all will go smoothly again. But,
during these ten days, there will be good deal of
anxiety and uneasiness, and, if relief should not
come then, a general crash must be the conse-
quence, which will not soon be recovered from. But
] do not anticipate "crash," by any means and,
there is no lack of money, but only of conf
dsnce, weeks time, which is an age in Wall
street, may work wonders.
Amid all our financial difficulties and pressures,
there were not wanting yesterday some five or six
thousand Neros, who, caring nothing for the fall
of stocks, and perfectly oblivious of banks,
thronged down to the Marshall festival at Castle
Garden, and sat from ten O'Clock in the morning
until eleven at night, witnessing the moneter per-
formance of operas, comedies, tragedies, vaude-
villes farces and fire. works, for the benefit Of the
manager of the Broadway theatre. And might,
at the same place to hear the Italian opera of
Don Pasquale which has been produced by Maret-
eek, with the three great artists of the Havana
troupe, Marini, Bodidli, and Bosio, in the lead
ing parts see good many reports in the city and
country papers about Benedict and Belletti having
gone to Europe to engage troupe of singers to
come and join Jenny Lind in giving Italian
operas. All such reports must be pure fabrica-
tions. Benedict told me the day before he left
that there probability of his ever returning;
he said he had been delighted with the country and
| tho people, had had good time, and would not
| object to remaining, but there was no peace for
him. AS for Belletti. he is regarded the great
est barytone in Europe, and will be able to make
much better terms with the opera managers Of
London and the continent than he could possibly
do here Jenny has taken leave of the stage for
ever, and for good and if che sings to us any
more, as hope she may, it will be in the concert
room and not in the theatre AS to permanent
Italian Opera, think it will be many years before
| that refined luxury becomes one of our fixed inst-
! tutions unless another boulepersenent among the
nations of Europe should send all the singing birds
| acr oss the Atlantic for shelter And even then
the members of the opera would soon get Yankee
fed and fall into more useful occupations, and
| their places could never be filled from the masses
of the native born. Heaven forbid that we should
ever breed opera singers
Among the "pippins to come" in artistic mat
ters, that people looking forward to, are four
pictures, by that great artist, William Page, paint
ed by him in Florence, and now daily expected to
arrive from Leghorn. One is a Madonna for the Art
Union; and the other three are for private orders.
Madame dc Marguerite is to edit new evening pa
per- to be called the Verdict with Inder Damnator for
motto, in connexion with Mr.. G. G. Foster, who
has abandoned the Day Book Putnam has book in
press by Cooper, the piquant title owhch is, the Men
of Manhattan and was to have been the Towns OF
Manhattan Longfellow has poem in press-the
longest which he has yet published the
Golden Legend Healys picture of Webster in the
Senate is already in Boston, and Mrs. Forrest is
preparing for her debut on the stage. There is, in
the lumber room of the American Art Union, a
considerable number of old remnants of outdoor
statuary, having nothing but their age to recon-
mend them, which have been brought from Italy
by a returned diplomat to ornament the grounds
of his country seat on the Hudson. have no right
to quarrel with any genteman's taste, neither do |
| wish to be considered making any disparaging
remarks in this case; but could not help thinking
while looking at these things, as have often
thought similar occasions, how much better,
how much more profitable and creditable it would
be, if those who have money to spend on works of
art would bestow it upon living artists, many
of whom arc in Rome and Florence nearly starv-
ing, and unable to find purchasers for their pro-
ductions. 1t really seems like cruel waste Of
money for Americans to purchase mediocre rem
nants of antique art which have neither historical
value nor artistic merit, while we have such sculp
tors Powers, Greenough, Brown, Ives, Moser
&C., and such painters in Italy as Page and Free
man waiting to be employed However, do no
intend to be guilty of the mpertnence of interfer
ing with any persons private tastes, and only in
tend my remarks for general application.
Another clipper ship, and another " fast" name
have been added to our sea racers. The Trad
Wind, a splendid example of naval architecture
was yesterday launched from Bells ship-yard, ant
will be put on the California line. She is a ship o
the largest class, and an apparent improvement OF
previous models, although improvement seemed
hardly possible The new screw steamer Pioneer
a noble ship, intended as the frat of a line o
Liverpool packets, by Spoiford, Tileston & Co., tn
proprietors of the " Dramatic Line" went dowI