Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1853-10-26
Profs>,Ien and Practice.

ProfeS>ISn and Practice.
The New York Herald quotes the objection given
by Postmaster General Ca 3be in his letter to Col.
Benton, about the application Of lIen-y ?. Watson,
for the Post Once at st. Louis, in which he states
that it had been represented that lac was engaged in
the Free Soil movement OF ls4s, and signed public
call for meeting OF the friends Of Free Soil" The
Herald has instituted an enquiry into Postmaster
Campbells appointments, aud gives list Of the Free
Sellers SON Shells he has appointed PosmaSters
in the principal towns in the State Of New York,
follows:
Isaac V. Fowler, New York H. j. Sedgwick. Syracuse
j. g. Dckie, Bufilo (Marcy's right hand man, T.. q.
Ross Auburn; John ]. Anabc Hudson, Free Soer; aud
- Peasc, Poughkcepsie; - Tiffany Utica; - Mil
Ter, Senaca Falls - Cheesebro Csnsndagua -
florence Lockport; A. T. Drake, LEROY Arthur John
sou, Ithaca; Hiram A. Beebe Oswego; Luke Baldwin,
Ogicnshurr L. NJ. johnson. Little Falls; g. = Moers,
Pla,tsburr Dr. Hall, Whitehall Josiah Costen inc, Jr,
NsNburg Luke Dodge, Schenectady; Foster Bosworth,
Troy Samuel dc Wolfe, Brdgewater Henry J. Sckles
Albion"
The last named official the Herald states, has been
restored by the present Administration after his re.
moval 10y President Polk for his Free Soil opinions
and diSorganizng course. Yet Postmaster Campbell
couldn't appoint a certain Henry I. Watson Pos,mas
ter at ST. Louis, because he suspected of Free
Soism. For this he lately held up a shining
light and pronounced sound to the core. Did he
mean to make the impression that he never appoint
ed Free Soil PoStmaStcrS any where. How do his
New York appointments tally with such professions?
Ii will be understood Of course, that the Postmaster
Generals letter to Col Benton, intended only
locality where slavery exists
rRySsURs 1 tax New YoRx Mo<sr MAREtr-The
New York correspondent OF the National E,'sllgsgecr
treating OF this subject, remlrks In boxing round for
the causes Of the condition of things AMI in dis
cus,uE the suhcc; with those who are well informed re-
speeding it. l have cone 20 n, conclusion tia very
portion Of the existing pressure ia 20 be a,trbu ted
to absolute panic aud the wan: Of confidence among
those rcudiug banks who have available mcla At heir
coairu When hi. fscug generally exists the N m who
-aas money cannot obtain it. though he may have st rate
securities TO ontr coll,crl; he prJrs them in vain
in oder to obtain the means to meet his and
pressing wants, and hencc the pressure OF money arises
no; om any actual scarcity but because those who have
at commaad afraid it, or withhold for the
purpose Of Specializing when they think things have Oh
;hinei the lowest point hal today a striking
evidence OF this OF confidence or panic eeln in
Wal street Of immense wealth and hghe, possible
credit whose exclusive business is dealing in money e1
change, aud stocks, Who refused make an advance
upou what he acknowledged was good security on rail.
roau stock AZ t%o per cent per moah and who had ust
previously refused accept pro,rei loan on call upon
bis own personal security per cent per aunum-
Though he thus could obtain money himself at seven per
cent, he refused accePi and loan on, on good col
Aieras al two per per month; and the party who
offered him ia, mpacy d'u7S could likewise have oh.
ilinel Two per moaty for it similar security but
preferred taking per per auuun where he ~
eOndcn; Of it, sgcary, and wSsre he could obtain it
at t"cnyiOur hours notice tx, any desirable opera
ton This is an example the action Of many cap!-
tili''S and money deaersn this city, Who urier the
present II t. Of things, have withdraw large amounts
fom active employ, waiting wiz; folded arms the current
of events, many with vicN remain in s.ai. o until
eonh ence Is 'osioied AMI others 10 take ady4u.l sr Of
operations when 'hngs have reached the lowest ieprrs
sion. or course thrre many others and probable,
tie far larger portion of monyed operators who keep
their actively moving At the present current by
rates