Washington sentinel. [volume] (City of Washington [D.C.]) 1853-1856, 1855-03-29
Wasbiltgtun Sentinel.
NEW YORK CORRESPONDENTS.

|
elIaneous-Ex Expected European News
Later from California-Hard Times
| Continued-BiII PooIe-The Cuba Ques-
tion-startIing Abolition Movements,
DO.
New YORK. March %, 1855
| Fifteen days out, and still no tidngs of the
Atlantic. After the long passage of the Pa
cifc, however, there is no anxiety for the ship,
and only some impatence for the conhrma-
ton or denial Of the death Of the Car. If
dead, Wall street says stocks will 60 up; and
Peck Slip says, that cotton will go up and
breadstuffs down.
| We expect here that his death will be con-
frmed; that wo shall have news, in conse.
quence, of some moment in diplomatic view;
while, from the Crimea, wholly Independent and
ignorant of the great national disaster at St.
Petersburg, we also look for very important
military intelligence. But as the steamer may
be signalled at any moment, let us wait her
budget Of news.
The George Law, from California, brings us
three days later advices from the Pacific coast.
The financial panic was not much improved.
Adams 4 Co. turned over to court of insol-
vency. Three hundred thousand dollars gold
dust shipped where there should have been
million. Miners distrustful-holding back.
Very extraordinary, prima .tacie, that there
should be financial depression in the gold
mines, without any diminution Of their returns.
Such are some of the mysterious things at
tached to the simple and consistent laws of
trade. The worst Of this stampede is, perhaps,
over.
We ought now to be in the midst of our
usually tremendous spring business. But there
is no rush and crush this season-no blocking
up the streets, in every direction, with boxes,
casks and bales, according to past usages.
The amount of mercantile business doing is
slim; perhaps in the aggregate of the city not
one-thrd of the sales Of last March to country
dealers. The pressure upon merchants, ship
builders, ship owners, manufacturers, mechanics,
and laborers still continues, while, at the same
time, money is increasing in the banks, stocks
are gradually going up, and discounts are be-
coming a little easier. Rents and provisions
still remain high.
A sudden peace in Europe would instantly
relieve US of this tension and restriction,
which, in spite of plentiful supply Of money,
weighs down all our industrial interests like
an incubus. sudden peace, we repeat, would
relieve of this nightmare of apprehension,
suspicion, distrust and contraction; but it
would be apt to hurry US again into reckless
speculations, extravagances and wild-goo
adventures, winding up at last in a general ex-
plosion. Wall street, however, like Bucking
ham, has become circumspect." Wall street,
from the experience of 1867, has learned
and is pro6ting from good lesson. Give us
peace, and we shall, perhaps, weather through,
our prosperity without abusing it.
The Bill Poole excitement has subsided.
The parties implicated except the escaped
principal, Baker, are held over upon charge
of murder from the grand jury but, in the
end they will, you may safely conjecture, slip
through the fingers of justice. The rufians
and pugilists are too intimately identified with
the business Of our political sceneshihers and
managers, to be sacrificed upon charge Of
murder. They have formed too long the con-
trolling political institutions of New York to
be disposed Of as other vagabonds and crmi-
nails are. They are too useful in driving in.
offensive men from the polls, and in destroying
obnoxious ballot boxes, to be dispensed with,
either by Tammany Hall or the Wing party of
the Broadway House.
Speaking Of Tammany Hall, am informed
that another reunion meeting is projected
for the purpose Of bringing the administration
to high-water mark on the Cuba question.
Certainly the Soule correspondence is creating
a very perceptble sensation among all classes
of politicians, and very general impression
that the crisis for some definite action is now
upon US.
Meantime, would call your attention to the
bill introduced in the legislature of this State
for the repeal of the fugitive slave law. There
never has been anything from the Abolitionists
proposed in any northern legislature looking so
brazenly to an overthrow Of the Constitution
and the disruption Of the Union as this
bill. 1t would be useful, to your southern
readers, to re-publish it. You will find it in the
Albany Epcning Journal, March %. Men may
cry "peace, peace, but there is no peace"
Theweather is cold, cloudy, windy, stormy--in
other words, it is March in full costume, from
top to toe. UNCLE SAM.