Evening star. [volume] (Washington, D.C.) 1854-1972, 1855-04-14
BALTIaORE CORRESPONDENCE .

Ship James Chsston-Captain White and
tie CTeU-Ihe BEnE CT Commerce, &c.
BALTIMORE, April IA, 1855.
The mystery in reference to the abandon rs
ct sea Of the ship James Cheston has occupied
considerable attention here amongst our mer
chants, shipping men, ard others. The cap.
tain (Whi,e) and two mates are now under ar
rest, and will be called upon to answer for
their seeming miscondact A variety of state
IneutS have gone forth, all of which arc con-
Trajectory, and Of the highest degree unsa;is-
factory IRON the most rCli able testimony, it
would seem that the vessel was abandoned
without the slightest cause, and that cul pa BILE
derelictisn Of dpty attaches itself somewhe ere
There can be no doubt tina; Captain White vas
drunk and rendered iasensible as well as in
competent, from an inordinats use of ardent
spirits. There seems TO appear 10 motive for
any criniinal act, and none perpetrated. The
whole thing then resolves itself into the fact
that the captain was crazy, and rum at the
bottom oft This ia the only reasonable ex-
cuse he can make
Our tcwnsInan, Col John 8. Cuttings. &C.
comp anied by his accomplished lady, arrived
home last night from their southern tour.
Gel G.'s health is greatly improved and he
looks well-the disease is supposed to have
been entirely eradicated. 1t is with great
satisfaction L ANNOUNCE this fact.
L now learn upon good authority, that the
defflcation of Mr.. Taylor, late President of
tie Bank CT Commerce in our city, will net
fall short of sixty thousand dollars. The in
stitution, hsweVer, Is secured, or holds secur.
ity by which II cannot lose over ten thousand
dolIars-Probably not so much. This house
is low again in-the full tide of successful op-
GRAFTON, with Mr.. Allnu;t at its head as Presi
dent, and cannot fail Of complete succees II
has the full confidence Of our commercial and
business community.
The question Of selling the city's interest in
tae Baltimore aud Oiio railroad, has sub
sided. 1t proved not only to be an unpop-
ular but injudiciOus move. There could be
found no legality to justify such an act. The
truth is, il wts a scheme eoncocted by few
of the private stock holders, including some
of our wealthiest citizens, amongst whom
might be named John Hopkins, Columbus
0'Donnell, Robert Garrett 4 Sons, the bank
ing house Of Lee d Co., and some half dozen
others who wished to get control of that great
Improvement and turn IL to their own advan.
tage. This was transparent as ice. l learn
from, good authority, that the road is now
doing admirably, and daily increasing in bu-
sinesS. The prospects are that at no very dis
taut day-probabIy twelve months hence
some dividend, and that The company Will be
fairly on its legs.
Political affairs are very quletin our city o.
present The Know NO:bings are, suppose,
'.laying low for black ducks" and waiting to
see what will turn up in Virginia.
Oar city is quito lively Thousands of strang-
ers are here from all quarters Business is
very brisk. Money is easy. Apusements are
fourishipg Bfesdstufs have obtained an
awful pTios. Flour is Low higher than il has
been since the late war With Eoglsnd Sales
to-day Of Howard street and Cily Mills at
$40 20 a $1,000. Wheat 81 50 81 IS per
bushel. Corn 81 81 %, and prices going up
The condition Of financial Affairs continues
easy. There is an abundance of capital seek
ing sound investment at easy rates. The OK.
ports Of specie have been comparatively light
for sons weeks, not equal to the imports from
California. From various reliable sources we
learn that thore is an unusually large amount
of money in the hands OF persons in the coun-
try. Farmers, for two or three years past,
have been receiving very high prices-under
these circumstances, they become easy In their
condition having accumulated largely Much
of this capital was retained In idloness, tho
owners not being disposed to risk it during
the late pressure, even at high por centage.
Confidence now being in great measure
restored, these accumulated funds are seeking
investment, which has q favorable tendency.
Country merchants arc generally much easier
and their obligations negotiable with moro IA
cility This gives ease to our city dealers,
whose bills receivable are turned into cash,
and hence the necessity Of borrowing has de.
creased. Good business notes are now freely
taken on the street at Sac per cent. Second
class paper l0al2 por cent discount, and not
much tffsring. Money on call can be had
freely at 6 per cent The Banks continue to
discount all good, Legitimate pepper fri ely.
1 observe q steady inquiry for all sound
dividend paying stocks, and prices varying
but litus-ths tendency is gradually upward