Daily American organ. [volume] (Washington, D.C.) 1854-1856, 1856-05-21
Correspondence.
NEW York, May 90, 1855.

NEW FORK, May ~, l6ob.
In our money market there ia quite panic ist
ow, the feet Of which has been to knock down
,rices at tie stock board very materially Virgins
's, which are really worth par. are selling Mt 9S
Ia; Indirna So, "a, and Eie Railroad 81 5-s
The we, ky aok statement, IN ,de public to-day,
hows a deer, ase in every department.. Tn
amount Of specie in the banks is xl2,796, BAL !;
which il abou. 81 100000 less than the 26th OF
,pr last. The deposi'es are smaller than they
rave been since the / h of March, The circula-
ion has not varied much for the ast two month";
The loans are $l03 nO2, $50; which Is a much
'awer amount than is shown by any statement
nce March /, when they amount, to SlO2, 632 :
,35. Money is hard to be obtained, and the rat 8
re higher than they have been for several months
First class paper may be qioted at 10 per cent.
discount, while names less known, but equally as
rood in reality, are selling from ID to 20 err cent.
discount. Failures are almost lily taking place,
hut go far they have been confined tosnall houses,
With the exception of the proprietors Of the Astor
House, and this f'ilure Is owing to the outside op.
'rations one of the firm having endorsed for a
Cincinnati friend, to an extent far beyond what
common prudence would dictate. In fact it is
llme-t equal to Rarnum's endorsement for the
Jerome Clock Company. The p mic is caused by
he unsettled state of our foreign affairs and until
these are settled, there will not be any improve.
nent in financial matters.
An explosion occurred in a Pyrotechnic estab-
'ishment in BROOKLYN, yesterday afternoon, by
which accident boy named Samuel Bed-ll was
Instantly killed, and three men, named Patrick
Oougherty, VIM DOYLE. and John Mccormick,
we're seriously, and it is feared dang ,rous'y in
iur.d. The canse Of the accident has not been
fully ascertain d. hut it is supposed to have been
cansad by friction in preparing fireworks.
The sale Of Rev Dr.. Choul,s's library COM
nenced yesterday, and large number of grntl-
men were present. The sale was continued until
10 o'clock in the evening, and the bidding was
quite spirited. The prices obtained in all cases,
we're quite satisfactory. and. In some instances
large advance on the original cost were obtained
The friends of General Walker are 10 hold a
mass meeting In the P,,rk next Friday afternoon,
for the purpose of encouraging the patriots I'M
Ter him General Walker) in their efforts for free
Jom. and to approve Of the action Of our govern
ment in the recognition of the Kioaraguan Minis
ter Parker II. French is here, and il expecred
tn address the meeting, and Alderman Clancy
aays " come OF the most distinguished speakers in
The country have been invited, and will speak on
the occasion"
The steamship Goorga Law leaves to-day for
California, taking ont large number of passen.
gers Among the list Of names ! notice those of
DR.. Hayne and Mrs Julia Dean Hayne who goes
nut on professional tour to California and Aus
tralia.
IL Is said legal case of much interest Is soon to
come before o. of tho Brooklyn courts. Il is
claim against George Law bv wall-known citizen
of Brooklyn, for services rendered in securing the
postponement Of the payment of several hundred
thousands of dollars due from Mr. Law 10 the u.
States, and a reduction of the rate Of interest
for the time IL is also said an ex President and
other distinguished exoficias are to be witnesses
in the case. This, of course, refers to the mus
ket trade.
The filibuster trials we're again postponed this
morning, and the chances now are that they never
will come to a t ial since the Walker government
has been recognised. OMIcRoN.