Evening star. [volume] (Washington, D.C.) 1854-1972, 1854-11-22
BA.TIM 3RE c0RREsPoNDEsCs.

D|st,nguished Arr,pal-Amieabis ADJUST
msnt-Hard Times.
BALTIMORE, November 81, p. n.
learn from sources entitled to credit, that
the National Know Nothing council or con-
vention now assembled at Cincinnati, Ohio,
has made ne selection of q candidate for the
next Presidency, nor even recommended such
a step That convention 10 not empowered to
act with reference to such matters; 90 says my
informant, who, have reason to believe,
knows 1t is simply q national meeting to
regulate affairs appertaining to the order.
The question whether or not to admit Ameri-
can or native born Catholics into the order,
will probably absorb much attention, be fully
discussed, and decided upon.
learn that the reason why most of our
banks are, or have been, obliged to abridge
their discounts, is owing to the fact of their
having been called upon by many of the
county banks, who had deposited largely with
them. The monetary pressure coming on
"a Their suddenly, and the deposites here re-
fer red to, not being immediately available,
a system Of restriction became indispensable
hence regular customers-men who had been
depending on those institutions for almost
daily discounts, could not be accommodated as
heretofore. Self-protection is tho first law of
nature" and tho banks having power to put
this maxim into pra 'tice, looked out for num-
Der ono. The consequence therefore is, de-
rangement of trade, an interruption Of bust
ness, and an unusually stringent money mar.
ket.
have sometimes thought that banks, all
things considered, wore sonlIess corporations
and institutions, whose benefits are by no
means universal In times of financial ease,
when money is abundant and very few actu.
ally want it, they 60 begging to lend. Spec
ulators, hazardous and venturesome merchants,
got large discounts, and enter extravsgantly
into trade. One loan creates the necessity for
another, and anon, until said borrower be
comes pet. He must either 20 ahead, and
run the hazard of the die, or stop short and
compromise. By this means favored few are
made, as it were pensioners, and the banks are
obliged to sustain them, to tho discontinue of
really substantial and prudent mon, who
would only call for bank facilities legitimately
and in time of real need. Thus, when money
becomes stringent, they arc told, upon Offering
good paper, that rigid and prudent economy
requires that tho banks should curtail, and
hence, those who really deserve relief are re-
fused, because, forsooth, certain class Of wild,
worthless spectators must be sustained So
long as our banks pursue this course, they can
neither meet the ends for which they were es.
tablished, nor retain public confidence have
always had my doubts whether a merchant,
who did business 80 as to be independent Of
them, was not better off in the end What is
the use of friend, if he do not come to our
relief in time of need? The present banking
system is precisely the reverse of this. When
poor sufferer is in distress they inhumanly
shy off.
Mayor Kinks has signifed his intention to
call an extra session of the City Council very
connected with railroad and other matters de-
handing attention.
have tho extreme pleasure Of announcing
the return from Germany Of our distinguished
citizen, Brigadier General Scherf, Consul to
Mannheim This is tho gentleman, who, about
a year or eighteen months ago, made the csls-
brated speech from the top of lager beer
barrel, to his many friends, on the OCCASION of
his departure, as q high official functionary
learn that another complimentary entertain
ment is to be gotten up as mark of respect
and gratitude for tho mastery manner in
which he discharged the difficult duties of his
intricate responsible Office. may probably
attend and give you q sketch of his remarks
Day after to. morrow, % inst, is to be OBJ
served in our city and State as day of thanks
giving All secular business will, no doubt bs
suspended. We have, inquestionably, great
cause to thank the giver c. good for his mani
kolO DRESSINGS dOOU QlnnorS Will, hope,
crown every board. The turkies are in fear.
full anticipations and have little cause for re-
joicing in the approach of such festivals The
only class of people who will not DO free from
duty Is the telegraph operators Of tho magnetic
line. Because the holiday is not universal
they are obliged to pick away q usual.
The difficulty which Col c. Egerton had
with Jesse Murphy, in which the latter was
badly cut, learn has been amicably ad-
justed.
Our theatrical managers complain of hard
times. Their audiences are generally slim
and unpsying.
Tho recent failure or business suspension of
our much esteemed merchant, David Stewart
Sons, has caused much regret The closing
of this week is expected to be hard test upon
several others, but l hope they may get
through.
Business of every description remains very
dull. Persons are not much disposed to ope-
rate, except for cash or its equivalent Rents
and real estate are depreciating in value, and
stocks continue to recede. Tho prospect is
certainly dreary. Mechanics are daily thrown
out of employment. BEN Bolt.
- Thanksgiving Day.-Rev. Sur.
derlard, Pastor Of the First Presbyteraa Church,