The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1853-11-19

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thought, is fully impressed with the important
commercial relations which must hereafter sub
slst between Minnesota and this city, and he is
very wisely making the acquaintance of our
leading business men. We commend them to
the MlnnesOtlan as an excellent medium of COM
muncatlon with the people of the Upper Mis-
sissippi.-Chicago Dem. Press, .Nou LIST.
| We take the first convenient opportunity of
publicly acknowledging our indebtedness to our
friends of the Press for the above, as well as
many other kindly acts of personal attention,
shown us during our recent short sojourn in the
Garden City, The Press is in its infancy,
omparatively-being only fourteen months
old ; but through the energy, tact and perseve-
renee OF its very competent prOprietOrs, it has
already assumed, and is fully able to maintain.
the position Of one of the leading commercial
and political journals of the North-West Its
motto is, the business interests of the country
commercial, manufacturing and agricultural
first, party politics second. AS the Minneso-
tian acts and is conducted upon the same prin-
ciple, We can very well recognize in our Chca-
go friends mutual co-laborers, and as such take
pleasure in recommending the Press" to all
who wish a readable and reliable journal from
that flourishing commercial emporium.
New YORk.-We started for st. Louis some
few weeks ago, but rather Unexpectedly, and
perhaps owing to the solicitations and kindly
proifers of that very accommodating gentleman,
Capt. Gray, Of the Michigan Southern and Nor
thern Indiana Railroad, we took the wrong
train at Chicago, and in about forty hours, trav-
cling time, were being damned and hustled
through the ever teeming busy crowd of Broad
way. 1t was our first visit to the great metrop-
oils of our country and as We had but two
days to remain, and, SO long as we were there.
some very important business to transact very
little time was allowed to see the elephant or
even the giraffe, so gaudily set forth in yell
low ochre and Spanish brown from the windows
of Barnum's Museum. Nevertheless, we put
| in time to the best advantage, and soon arriv-
ed at the conclusion that New York is place
worthy of considerable note--a great place
in fact-fully equal in some respects to ST. Paul.
At that particular time, they appeared to be
wranglng aud striving about politics to as great
an extent, and with as little prospect of ulti-
mate profit, as we are continually doing in Min
nesota. Still, we think we have much the larg-
est number of great men here, in this partcu-
| iar--or at least have had since the advent Of
the past summer and some of its attendant ex-
otics. We saw nothing in New York to equal
much less surpass us in this respect But in
some other regards, not necessary to specify.
we must concede the palm to the Empire City,
EFFECTS OF THE LATE MoNEY PREssrGE.-The
pressure in the money market East has COM
paratively relaxed, but the ordinary effects are
now visible outside. in the failure, permanent
or temporary, of sundry country banks. The
Chicago Press of the 9th, gives the following
list and statement OF facts. In addition to this.
passengers by the Clarion on Thursday brought
information, unauthenticated to us hv any res
ponsible authority. of the failure of sundry 9TH
er banks, including all the New York Safety
Fund institutions -
RECENT BANK FAILrREs.-Withina few days
the failure of the following Banks has been ali
nOunccd:
Masslllon Bank. Ohio.
! Ia'chih ......... Buffalo.
| iIatt
Chatauque Co. Bank. ..... NY,
Lewis Co.. ...........
! Eallk OF OweGo ..........
| Farmers Joint Stock Bank. Canada
huih"ls o! the failure of two or three other
'ahhs were more or less current on the street
yesterday but we were unable to trace them to
authentic sources and are inclined TO regard
'ne above list as full up to the present date. In
addition to the Banks above named several
prominent eastern operators have been com
peiied by the stringency OF the money market
ana the extent of their liabilities to SUSPEND
some ol them may come up again shortly and
so also may some of the banks but of the ,rob-
ahility Oi such All event of course we know mo-
thing positively. For the present.. parties will
he SAFE IN refusing the bills OF the above banks
"ebellcvc the Pratt and Patchin Banks are
%. no'n secured ~ public stocks, if SO, holders of
thelf hi Will lose nothing. In regard to the
OwcSO Bank. we hear serious doubts cynresscd
by some oil our most intelligent business men
as 10 the correctness of the report announcing
lis suspension holders ofthe bills of this bank
viii probably await more definite information
before submitting to large shave. We NAV
state with respect to all the dscredited banks.
that their circulation at the West. so far as w,
know, is quite limited. and even in the worst |
point OF view. but little will be lost Nv our pco
pie IN consequence ofthcrtailur The Owcyo
ana Massillon Banks may be exceptions to this |
remark. as they are said to be owned chiefly nv !
Hehry Dwight Jr.. whose suspension we an
nounced on Monday morning.
The \. \. Tribune of the 9TH ventures to say |
lhat 1T is believed that the specie shipments
!" Europe are checked. and some parties even
feel confident that, with cotton and breadstuffs
gong abroad freely, we shall import coin from
England before spring.
In view OF facts such as we have hastily
grouped together above, we see no cause for
alarm IN the future, but much for se!fgratuIa-
ton. o'"
CHICAGO JOrRNAL.-We are indebted to the
publishers OF this substantial Wing journal for
sending US in exchange their tri-wceklv for our
weekly. We hope to reciprocate by making
things equal in Il few months meantime we
would remind Minnesotans that no press in the
entire country takes deeper interest in all that
pertains to the present and future prosperity Of
our Territory than does the Journal It's neat