The daily Minnesota pioneer. [volume] (St. Paul, Minn.) 1854-1855, 1854-07-21
e Of The Daily Pioneer
NEW YORK, July l.

Correspondence q me Ddy !tfeSF
NEW YORK, July 18th, 1854.
The weather and the state Of the money
market present themselves for our first consid-
Grafton. In the weather there are constant
changes. semi-diurnal ones. Our skies smile
brightly in the morning, blaze at noon with
intense radiance and insufferable warmth, only
to weep bitter floods as night comes on; and
vice versa Stocks are also Embellishments
invariably tight. This dancing up and down of
fancy stocks is q very mysterious matter to
those who don't see the wirc-pullcrs behind the
scenes. There are very few that know who
makes all the money that changes hands by
these operations, because that money goes in
to the hands Of very few. Take an instance.
Who made money in Crystal Palace Stock
when, Immediately upon BARNUM's final ACCEPT
ancc OF the Presidency, it rose from 20 to 80
BNrNrN, of course. After election, he an
nounced that he would take the Presidency if
&c found the financial affairs of the Assoca-
ton in manageable condition. \ statement
shortly aitcrward appeared in the city papers,
by authority. stating that the finances of the
Company were in such depiorable Elk" that
DARNUM would have notl!in" to do with the
matter. Stock fell to twenty per cent And
now, through different hands ard third par
ties, nearly all the stock in the market came
into BARNUN's possession. This transfer hay
ing been accomplished. the President publish
! ~ 4 Al '
he Palace at $4,000 per annum, and could
make 100000 at that. Stock rises to fifty.
BARNUM sells out, curtain falls. The ghost Of
the woody horse laughs with sympathetic joy.
Stock shortly falls to II, and some sanguinc
SPECTATORS find themselves sold.
Brooklyn has taken a stride forward which
must soon bring her up into the front rank Of
American cities, in point Of population. Rail
roads have been laid through dozen principal
thorough(ares, leading from the ferries to the
suburbs, which will convey Passengers com
fortably and speedily, at the rate Of three cents
! head! This will enable large numbers who
cannot afford tic heavy expense Of city house
rcnt to reside conveniently to the centre O:
business, at a cost which a poor mans pocket
may bear. Brooklyn has been growing and
ancroacing on tie country with unprcccdcnt-
Ell rapidity for the last few years. The old
Dutch farming families who have snoozcd over
their broad cabbage gardens. in undisturbcti
scciusiOn. for the last century, are waking up.
!
astounded to find the advancing waves of ne
tropolitan civilization das'ing against their
very doors. and to behold lon" parallels o!
widc-built streets cutting up their fertile acres
They need no longer trnvc! q wcarisonc way
TO the city, for the city has come to them. L.
one thing, Brooklyn is still behind the age
1t has no supply of water. through aqnoducts
The corporation wells and pumps still furnish
a pure drought to the thirsty. But it seems
doubtful whether long Island can furnish ::
reservoir Of good water, capable Of supplying
the vast stomach Of that great and growing
city, especially if the Maine Law should be
passed. When Brooklyn, Williamsburgh ana
Greenpoint shal! have been consolidated and
tC DCIOIiiC
and mortar, our Brooklyn may rank as the
third city Of the Union. Still, it is but a sub
urb Of New York, a city Of dwelling houses
Ii has not, and probably never will have, any
considerable trade Of its OWN.
The Psi Epsilon Fraternity held its annual
convention here On Thursday and Friday last
This is one Of the Oldest and most popular of
the College fraternitics, having chaplans in
most of the Eastern colleges and receiving con
slant applications from Western colleges, fol
the same privilege. The Grafton and Poem
annually delivered before the convention and
the public, were given by Rev. Mr.. IIoucH
TON, Prof in the =. +. Theological Seminary
of New York and GEO. Ii. MooEE, Secretary
o" the New York Historical Society. At the
secret session, among other distinguished grad
uatins members, JOIN G.. SAKE, the poet, wa
present. OF his many bon mots we remember
one. He had come long distance to attend
the convention, and regretted his late arrival
He had been detained, he said, by a train OF
circumstances, or, rather, by the circumstances
of the train, which broke down before reach
ing New York.
The WALKER trial for divorce, now in pro
gress in this city, calls out a large attendance
as such trials always do. Scandal in high life
is very pleasant and pi1uant thing to til,
multitude. Charges of inido!ity are brought
on both sides by the wife, as cause for di
vorcc; by the husband, to counter-balance.-
Hon. GEO. EVANS, who is the Maine Attorney
General, was cross examined on Friday, for a
long time, by the New York lawyers, who