Evening star. [volume] (Washington, D.C.) 1854-1972, 1854-11-18
BalrsMsa CORRESPONDENCE
Solder, Wftheys y Co Monetary affairs
Abdacstmg StaVes-High Rents, 6c.

Solder, Witheys y Co Nometary Affairs
f Abdncstag StaUes-Htgh Rents, tc.
BALTIMORE, Nov II. 1854
l am now abIsto speak with full confidence
that the credit of your we'll known banking
firm, Messrs SeIden, Withers & Co.,, which
had sustained temporary injury in our CITY,
owing to curren reports, and circumstances he-
You'd their control, has again assumed a con-
identi:i ,basis Thar Enotes are taken and
prove more current than some other money, OF
paper purportiug to represent a specie plat
form, that I could name. Nothing, perhaps
is better calculated tie prove ths sta bility of
commercial house, or banking concern, than
to see them work their way through q crisis
IA times like these is difficult to build up,
hu, easy to pull downs Not unfrequenuy will
. thief when holly pressed, cry S'stop thief
Cry .smad dog and the most inoffensive ami
NAL may be kicked, pelted and belabored IN
til he sinks in defpair Human nature, with
all is boasted morality, is TOO apt and anxious
TO herald SUPPOSED Or real Iuisfortunes. Leta
man make one misstep- at the pinnacle of
precipice, and he will find not 8 few inclined
to kick him down head-iong, until he falls
shipwrecksd at the haze. With merchants,
bankers, and Others, largely interviewer in the
hoT much money they may have, or moneys
worth, not Immediately available. confidence
is their life, their handspring, their strongest
bulTaTk. This ingre tient is, in fact, the
great cement of civil society. Without it,
nothing but universal bankruptcy could ex-
ist Those, therefore, who have had it shaken
by the whiclwind Of pu0'ic clamor, and even
ually stem the hurricane deserve credit, and
by being tried in such tornado coming out
LII CotI ",tla ~
have done, are like gold we'll refined. 1 take
it for granted and those familiar with the
hazardous, uncertain channels of trade will
agree with me, that in pinching times like
these, which not only try mans souls, but
their pockets, few, very few, even with the
best credit, bankers especially could fortify
them selves against an idle outcry of failure
Those whs did so, aad passed the Rubicon,
would be pronounced Untitled to future conf
dence.
1t is singular and by no means commend
able trait in man . character that he becomes
most importunate and least accommodating as
be presumes the ability Of lis neighbor dete-
riorates and when aid or leniency are most
wanted they are least apt to be granted We
are suspicious animals, and magnify mole
hills into mountains. This is a bad, ungener-
Gus feature in our civil or moral economy. and
often causes much harm that otherwise might
he averted. In times Of monetary pressure
like the present, all ears are awake to hear Of
lnsfortuues-- Eumor, ever busy and mis-
C hieyoas, take. wing and watts hef vsnescent.
seductive gossip upon tbs foul breeze until it
becomes q pestiience, an epidemic, worse than
Egypt0n plague. Communities become faint
ed by this infection, until all classes feel more
or less its deleteriOus influences Men should
learn ciIcumspeeton, ard practice extreme
caution before doing or saying that which may
rob their neighbors of a good name aud leave
them ''poor indeed -" The practice obtains
too much in this city Of heraldjng the pecu-
mary embar rassments, or Anticipated misfor-
tunes OF people. Mr.. A. whispers cautiously
and in profound secrecy TO B that he has
heard of the failure Of Mr.. g. Mr.. C. tells the
same rumor to Mr.. D e., and Mr.. D. to his next
best friend. Thus the ball is put in motion,
and il rolls On until Mr.. a like that indus.
trious, philosophie, honest, hMnibie but hard
toiiing bug. loses the bali he has been rolling
up hill for years, and it tumbles into the ditch,
to De picked mp and appropriated by hostile,
marauders.
Ii would seem that crisis is approaching
in monetary affairs The times are hard and
lo mistake; confidence, so necessary, as well
to q healthfui condition Of trade as to the eat
ing Of sausages iu the Og-days, is much i'm
paired. Capitalists are boarding their means.
Industrial pursuits are being enervated the
sources of employment are decreasing. Ne
cessaries Of existence are high. Compulsory
idleness is likely to have partial reign; and
all things considered the period is at hand for
prudence and rigid economy.
| learn from Frederick, Md. that several
respectable citizens there have been arrested
upon the serious charge of abducting slaves
for the purpose Of obtaining rewards offered
for their recovery. fhls is a high-handed
outrage, and if proven, should be amply pua.
ished .s ..-- a-r--,' -
There is much complaint at present in our
city in reference to high rents. and the indica-
tons are pretty plain that they must, ere
long, decline. The fact is rents are higher n
proportion to the compensation Of industrial
pursuits than they should be, and determi-
Il alton will do no harm. 1t is not at all un-
likely that the price Of mechanics wages AMI
Of all descriptions Of labor Will be curtailed
before the winter is over. Several of our
largo machine shops and Inanufac'ories have
already dismissed more than one half of their
workmen, and many of them idfe. This
extends to nearly every branch of mechanics
1t is rare thing to see the keel Of new YES
sci laid whilst the busy industrial hum usual
in the ship yards is fast subsiding into fear
full silence. Ben BOLT.
The SoULE AFFAIR SBTTLED-We have
already reported the refusal OF the French
Government to allow Mr.. Soule, the Minister