Indiana American. [volume] (Brookville, Ind.) 1833-1861, 1854-07-07
LETTER FROM Q. +. cLARKson.

Probably your readers would be
pleased to know how cheap. apparent
ly, you can now travel from Cincinnati
to New York. Il isno necessary &c
inform you Of the impositions and in
dignities you have to undergo II is
useless to relate the latter as you will
find that out soon enough when you
try It.
The strife between the Hamilton d.
Dayton, and the Little Miami Roads,
has brought fare down very low. You
are informed by handful that II costs
only SO 80, from Cincinnati to New
York. II is true this is the regular
fare-but they stick on the ertras so
thick and fast that you must not leave
home without your pocket-book well
stuffed with what the New Workers
call sIndiana- Wild Cats the Wall
street way Of speaking of Indiana In
depent Democratic Banks.
The Presidents Of the Railroads
must be in partnership with the Bar
bers, boot-blacks, and porters. For
instance. the regular fare from Gin
Cincinnati to Cleveland, ESQ miles is
only $3.50, taken in connection with
the Steamboats, en- the Lakes. The
fare from Cleveland TO Buffalo is S2,-
80, 100 miles. On this last 1870 miles
is where we begin TO feel for our shil-
lings. Two shillings for carrying your
trunk on the boat-two shillings for
taking care Of il on the boat, TO keep it
from being stolen--a shilling TO the
boot black--and five shillings for sha-
wing and washing the coal dust from
your hair-two shillings for taking
your trunk TO the Hotel-and two for
taking yourself. and the same on each.
from Hotel TO the Railroad Depot
Now what do these extras from Glove
land to the Depot at Buffalo amount
to? II your readers know what a
shilling is they can tell something of
the extras. So soon as you reach
Cleveland shillings are in vogue. and
every man keeps toll gate.
Again on the Hudson River. after
having paid at Cincinnati for your
fare on tho boat from Albany to New
York, you have to pay on the steam
boat. 5ocents for poor supper--si 90
for poor bunk TO sleep on. and the
negro. will steal your boots while you
are asleep, and lock them up until you
pay two shillings for backing. In
this way any one can easily decipher,
that instead Of costing $40, so to go to
New York. II costs about s9io0.-I
Hotel bills are still higher than last
year At this city only common fare
is se,6 per day. But enough Of this
rs our readers will now be warned to
prepare forextras.
We have spent four days in this city |
--mest Of the time on Wall street with |
It's bankers and brokers. There is
considerable bowling among them.--
In some cases We suppose these bowls
are caused by real misery-onc broker
gouging another.
In other cases il is all feigned.-
These who have money howl to keep
up their appetite to guaw at Iothers.--
There is something strange and con-
Trajectory in the money market
Bankers say there Is unusual lack Of
money. yet everything like produce,
either Of the farm or the shop. Is enor-
mously high-labor is high and in de-
mand. The great difficulty is every
thing is above healthy living price.
Money is plenty. the reports OF Ban
kers to the contrary Notwithstanding.
Tho only difficulty is. the owners and
holders are askinga price for it. in
keeping with everything else. Five
years ago Mr.. A. had $4,000 at in
terest at s per cent, and lived COM
fortably on 5000 per year. the pro-
ceeds. His neighbor @. at that time
had a clerkship at 5000 per year. and
lived just as well. But the clerkship
has now advanced TO $1,000 which
is necessary. in order to pay the high
prices for produce. But the man who
lives on the interest Of his money must
either have 10 per cent TO live on il,
or he must withdraw IL from the man
who is using IL, and go into business
with IL himself. Thisis matter ofI
necessity. The consequence is, there
Is q demand for higher rates ofinterest,
or for the principal. Money is not
scarce, but the owners OF il arc doman-
ding higher rates. and those who are
heavily in debt, are being crushed by
heavy interest Railroad Bonds that
are promptly paying 0 per cent per
annum are not worth their face, be.
cause money is worth more than eight
per cent. Thisdepreeiaies Bonds, and