Daily American organ., 1856-04-25
Corrospondcsce.
NEW Yonk. April "a, 1855.

New YoRK, April "a, 1885.
The body Of Pierce, the young man who SO mys-
teriously disappeared on the night Of the first Of
February last, has been found on the beach at
Rockaway, Long Island. On the body were found
all the valuables which were in his possession on
the evening before his disappearance and as there
is no sign OF violence his person, it is presumed
he committed suicide. 1t win be recollected that
he attended party which he left at about three
in the morning, and was never heard Of after. IL
is possible that at this party he might have been
sighted by his lady accuantances, and being Of a
sensitive temperament, he took this means OF end
ing his troubles The affair will probably remain
mystery until the revelation of all things.
y A letter from Lady Franklin Was received by
the last steamer, directed TO Henry Grinnel, ESQ,
in which she expresses desire that DR.. Kane
should visit England for the purpose Of taking
charge Of another Arctic expedition. Mrs. Frank
lin proposes to tit out propeller at her own ex-
pense, and give the command to DIR. Kane She
thinks some survivor Of Franklin's party may be
found among the Esquimaux, from whom might be
obtained the particulars of her husbands Gte---
Mrs. Frankins perseverance, to find out the fate Of
her husband deserves, as it has received, the
praise Of the world. Was there ever a more de-
voted womans After 80 many years of absence,
still unwilling TO give up her dearest companion.
She has the sympathy of everybody.
The tendency Of the book trade appears to be
up Broadway, several Of our leading publishers
having already located in the vicinity OF the APP
pletons Among those who have gone, up town
this spring may be mentioned Charles Scribner,
who has taken the second floor of the large build
ing No. SIT and 379 Broadway, one of the most
central locations in the city, where he viii carry
the publishing business on large scale. Mr..
Scrbners last publication is entitled " Reality, or
the Milonaire's Daughter, by Mrs. Tuthill. The
volume is more particularly designed for young
ladies' and gentlemen, but the story is written in
such an attractive style that 1t cannot but please
both old and young. Let all persons cohtemplat-
ing matrimony read the book by all means; it can
not but be beneficial to them.
The banking capital of the city of New York is
at this moment between fifty and sixty Millions Of
dollars, which one would think was sufficient for
all purposes but il projects now in embryo are
consunmated, this capital is to be doubled in the
course of the year. The rumor is that a branch OF
a London house is to be established here with a
capital of thirty millions of dollars; and New
York bank with capital of twenty millions. In
addition to these two banks, the Bank Of Com
merce has announced increase of its capital five
millions, making capital of ten millions of dollars.
Should these banks 60 into operation, we shall
have banking basis of about $ll0, ZOO, 900,
probably much larger sum than all banks to-
gether in the United States out of this city, Then
look out for an expansion, and after that a con-
traction, which will be much more disastrous to
the mercantile community than the crash which
swept over the land in 1887. Merchants cannot
be too cautious in their movements for the next
six months or a year.
The funeral of Captain McArdle, late of the City
Guard, took place at IL o'clock to-day at St. Thorn
ass church in Broadway. The services of the
church were o6the most impressive character, and
were listened to by crowded audience with mark
ed attention. The music on this occasion was par
ticularly solemn, I know that my Redeemer liv-
eth," having been sung with great effect by the
first artists of the day. After the service in the
church, the procession moved down Broadway to
Greenwood, where the body was PLACED in the fam
lily vault. The military display was very imposing.
OMICRoN