Daily American organ. [volume] (Washington, D.C.) 1854-1856, 1855-10-18
Correspondence.
NEW YoRK, October l6,

NEW YORK, October 10, 1855.
Business is now very active in this city, and
strangers are focking here in abundance. The
hotels are crowded; places Of amusement are
thronged nightly, and never have before noticed
such general good feeling among our business
men as at present. It Is, thought BY some Of our
wiseacres that the present expansion in trade
will soon bring on contraction, when the scenes
of 1887 will have to be passed through again. We
are fast people, and thousands in New York are
living beyond their means. The consequences
must be fatal in the end, for day Of reckoning is
at hand. / could mention instances where men
are making $1,000 year, and spending 81 800,
thus going behind $500; but it is of no use, peo-
pie know their own business best.
The Bank statement of this morning is of ia
vorable nature. There has been slight falling off
in loans and discounts and decrease in deposites
of about one million. The loans and discounts are
some five millions less than three months since.
Money is comparatively easy, and gosd paper is
readily taken at 8 a 10 per cent. The stock mar
ket has fuctuated somewhat during the past week,
but the tendency has been downward-most de-
scriptions having fallen off one and two per cent
Some 100000 in gold was deposited in the assay
office in this city yesterday, which is to be turned
into coin The exports of specie at this port for
the year, SO far has been $24,784,763, against
$82, 353,S93 for the same time last years de-
crease Of about $4,000, 900. In the vaults of our
banks now little over 81 200, 900 in specie
being about 90, 100000 less than that contained
some three months since but this does not create
any uneasiness as to the general soundness Of the
banks.
very large meeting Of the National American
Club took place last evening at their headquarters
in Canal street. The meeting was called for tho
purpose Of receiving banner, presented to the
club, which was presented by j A. Andrews, ESQ.,,
on behalf OF the donors. Fifty members of the
club were appointed to guard the banner to-mor-
row evening at the mass ratification meeting which
is to take place in the Park. The Americans are
about and you may expect favorable report from
them on the 9Th of November next.
The cornerstone of a new building for the New
York Historical Society Is to be laid tomorrow af
ternoon. The location of the building Is on the
corner Of Second Avenue and 18th street
Judge Roosevelt decided yesterday that the In
dictments against some of the members of the
Common Council were valid, notwithstanding the
foreman of the grand jury was nonresident. The
court then adjourned to "Wednesday, when 1t Is
expected the trial of one of the parties will COM
mence; then look out for fun.
Accidents on the Harlem railroad having be-
come so frequent OF late, our life insurance COM
panies have come to the conclusion that It is not
expedient TO insure the lives OF persons who are
In the habit Of travelling on that road. A most
wise conclusion, truly.
Our publishers are driving brisk trade this fall
and new books are coming from the press so fast,
that it is almost impossible to keep posted up in
regard TO them. Derby has just published an orig.
inal novel, from the pen of Boston lady, the title
Of which is, /" Isora's Child 1t is a New York
story, and Is written In an admirable manner In
fact this book ii may be safely said is one Of the
best written of the present day, and the author
may well be proud of the production. 1t Is des-
tined to have large sale. 0NIcRos.