Minnesota weekly times. [volume] (St. Paul, Minn.) 1854-1859, 1854-08-08
MONDAY, AUG. Z, 1854.
EUROPEAN MATTERS.

There appears to be nothing of very great inn
portance from the seat of war. The arrest of
three thousand persons at St. Petersburg rather in
dicates an uneasy spirit among the Russians,
which is somewhat extraordinary, from the fact
that in all previous wars they have proved them
selves very loyal to the Csar. Discouraged, how
ever from frequent adverses, and knowing, as
the Russians do, that all Europeis against them,
we do not wonder at their inefficient move
ments. The Imprisonment of the three thousand
persons will only tend to spread the turbulent
spirit and, if we are not greatly mistaken, give
Nicholas considerable trouble. The Russians are
not unanimous in this campaign, by any means,
and we are therefore not surprised at their fire.
quent defeats.
Bucharest is probably the place where great
battle has been fought, as the two armies were
concentrating their forces at that point. They
were about equal in numbers, and it is impOss-
BILE to tell which was victorious. We are inclined
to believe that the Russians were defeated, but
possibly they may have become desperate, and
rushing upon the allied troops, routed them. OF
this, however, We shall know more by the next
arrival. In two subsequent battles the Russians
were defeated.
We have no intelligence from the Principali
ties further than that the Car had sent 800, 900
men to fight the troops of his old ally-Austria.
As we have no faith in Austria, it would not as
tonish US to hear that the 100000 Austrians and
the 100000 Russians now in the Principalities,
had united with fixed determination to oppose
the allied powers. This they could do easily, and
before Hungary, Poland and other portions OF the
disaffected provinces could be liberated, drive
the troops of England, France, Prussia and Tur-
kew from the Principalites, and hold them against
the combined powers of almost the whole world.
If Austria and Russia do not pursue this course,
they are bigger fools than we take them to be-
1t needs Napoleon to place the Austrians where
they belong-within their own borders-and to
concentrate the allied troops in the Princpaties,
where they could cut off any secret or open move
mcnt on the part of either power. If implicit
confidence could be placed in Austria, her 3OO,-
600 troops could do no hurt in the Principalties,
but confidence once lost is not easily retOred,
and of all nations on Gods earth, Austria is most
to be dreaded, for her per6dy is as universal as
her inhumanity towards the brave Hungarians.-
We hope she is now acting in good faith, but we
doubt her, and look forward to the consummation
of her traitorous plans.
Business in England is dull. Several heavy
failures have taken place which may seriously af-
feet monetary affairs both in that country and
this. We hope for the best--the sky looks
squally.
HEAVY FAILURES.
The rascally fraud Of Robert Schuyler has been
the means of destroying ali confidence in railroad
bonds, and consequently railroad men are going
by the board at an unprecedented rate. gem
tleman of this city received a letter Oh Saturday,
announcing the failure of John Tucker, President
of the Reading Pa.) Railroad Company, whose
liabilities said to be one and a half million
of dollars! Mr.. T. failed in his own name.--
This failute will affect all other concerns, and un
doubtedy we shall hear of more failures in Penn
sylvania.
A correspondent of the Milwaukee Sentinel
under date of July oath, announces the failure of
other railroad men in the following strain.
''Ycsterday the Railroad King of New England,
Mr.. Farnham, President of the Providence and
Worcester Railroad Company, and two others,
came down with crash. Report estimates his
liabilities at three Millions Before he commence
ed operating railroads he worth four or
five hundred thousand dollars, and was just as
well off, according to Astor's opinion, as though
he had been rich. No Schuylerism has been at
trbutcd to him, however"
1t is stated that Farnham and Sheffield, of the
Rock Island Railroad Company, and the above
gentleman were intimately connected in business
matters, and if so, we NAV look for still more
failures. Those persons who loaned money on
railroad bonds, no matter how good those bonds
may now be, will refuse to loan more, and will
cndeavor to get in whatever sums are already out.
This will cramp railroad contractors and railroad
companies to such degree that we are fearful
of a terrible crash among railroad men in gener-
al. The truth is, railroad matters in this country
never stood in more prccariOus situation than
at the present time. Stock is down and contin-
ues to 90 lower, and where a few years ago there
was great confidence, now there is scarcely any.
The bubble has bursted, and however much this
is to be regretted, yet at the same time we cannot
help but believe that it is all for the best. The
railroad mania had become universal, and it was
necessary that something of this nature should
take place to call people back to their senses.
But the failures are not confined exclusively to
railroad men. Mercantile firms in our larger
cities have ''caved in,'' and there is to
doubt but others will follow them. In N. York,
Boston, Philadelphia, and elsewhere see an
Rouncements of failures, and although we may
seek to disguise the fact, yet it is nevertheless
true that general panic must prevail. While
these things going on in this country, two
heavy failures have taken place in England, and
these will probably draw down others after them.
Notwithstanding all this, there is healthy tone
throughout the whole country, and with prudence
We think many can be saved from total run.-
Hang on to your purse strings; economic until
the storm is over, and YOU will only shine the
brighter for having been pretty severely rubbed.
TERRIBLE FArALIrY.-We learn from the Galena
Jetfersonian that few weeks since the cholera
broke out among the employees on the Illinois
Central Railroad, about twelve miles from Galena,
and ragged SO terribly that the physicians advised
the men to fly. They did so, and it has since been
ascertaned that out Of 500 who were alive at that
time, more than one half are nou dead No To-
cal cause is ascribcd to the fatality.
Miss FILLxoRE.-This lady was taken suddenly
ill in the night and sunk rapidly that when her
father, brother and DR.. White reached her bed
side, she was too far gone to recognize them, and
died in half hour after at the age of % years.
She is said to have been an amiable, interesting
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