The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1854-12-06
Correspondence Of the Ashland pnton.a
FROM NEW YORK,
NEw YoRk. Dee4 a. 1854

Ane IaA ID STOCKS, the tlghtness OF tn
money market, and the general stagna
ton Of trade, whatever grumbling the,
may occasion on change and in the connt
ing house do not seem to interfere witt
the domestic economy Of Fifth, avenue
and our othor a~ristocratic quarters
Stalls are not ~eelinquished at the Opera
carriages are not laid down, diamonds ar
not replaced with paste, FIVE hundred
dollar cashimeres and thousand dollar
sets of sable and ermine are sported il
p%rofusion on Broadway, and preparation
for the winter campaign of fashionabl,
dissipation are OF as grand scale as i
Bank accounts were not overdrawn ex.
tensions were not asked for, and notes
were not protested. But despite thi:
glitter on the surface, the present is a
season Of great commercial embarass-
ment. Our large importing houses are
not doing one fourth of their usual bust.
ness, and the difficulty of making c%ollec-
tions especially in the West and South
West, is almost unprecedented. Mer-
chants, Manufacturers, and in fact all
the employing classes, are reducing their
business expenses, and the number of
clerks, shopmen, and operatives thrown
out of situation by this general rafee is
very large. OF course the prices of
food, shelter, fuel and all the necessaries
of life must eventually adjust them
selves to the pressure of the times. AL
ready ~provions and coal begin to decline,
and house rents must follow suit when
the setting season commences,
Nothing enlivening in the way of an
excitement has as yet broken the mo-
notony of the current week. Just as the
mercurail spirits among US had worked
themselves into a fever on the Soulc af-
fair aud Young American began to
"Hare up" under the supposed insult to
u national dignity, the fame of patri-
etic in dgnation was provokingly extin-
flushed by the news of Louis Napoleon's
" back down." and we we're left without
a topic capable of stirring the public
pulse. We were going to have a war
meeting on the subject, when this dam,
per arrived.
1t spoiled a grand dramatic point, like
the malicious supernumary who to graft
fly a personal spite against Kean, in
formed the representative of Richard
that the Duke of Buckingham was not
only taken, but that his head had been
cut off.
Manager Backett tries the experiment
of a forenoon Opera at the Academy of
Music to-day. 1t will be a failure,
Paint and tinsel won't do by day light,
and the notes of the nightingales are
cut Of place in the morning.
The case of Capt. Smith convicted of
having been engaged in the slave trade
a capital offence under our laws, is com-
mitted by an American citizen is attract
ing a good deal of attention here. The
prisoners counsel have moved for a new
trial on two grounds, first that the YES
sci was partly owned by the Portuguese
Consul at this part and second Captain
Smith is not a citizen of the U. States.
1t is pretty we'll understood that the
Portuguese Consul owned the vessel
commanded by Smith. If this point is
established the latter Individual cannot
be punished as the law now stands. The
probability is hat a new trial will be
granted, and that he will get clear. 1t
is notorious that a considerable number
of "long low black schooners" and rak-
ish brigantines are sent out from this
port and from Baltimore every year to
participate in the slave traffic. They
are extensively owned by foreigners,
chiefly Portuguese and Brazillians. The
law which renders slave trading a piracy
in America should make no distinction
in favor of aliens.
Bennett of the Herald will probably
have to pay the $4,000 awarded by a
jury to Mr.. Fay, formerly manager of
italian Opera, here, for editorial libels
upon his character published nthat pa
per. The Superior Court has denied the
motion for a new trial. The case may
possibly be sent up to the Court of Ap-
peals, but 1 apprehend nothing would
be gained except time, by such a pro-
ceeding. e
One of the Twelve Apostles" of
the @latter day saints" named John
Taylor is on his way from Utah to this
city, where he intends to establish a pa
per to be called The Mormon" Five
of the elect accompany him as advisers
and helpers.
IT. is thought that the famous Clipper
Ship Flying Cloud owned by Grinnell,
Mintern & Co., of his city has been
lost. She sailed from Hong Kong China
on the lst of August, and should reach
ed Angler by the oath of the same
month, but had not arrived September
4th. A terrific Typhoon occurred just
after the Flying Cloud sailed from Hong
Kong, and it is supposed that she foun-
dered at sea.
No investigation touching the con-
duct of the officers and crew of the New
Era, has yet been set on foot.