Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1856-12-12


we noticed few spits oil snow. hardly enough to
be generally observed, but sufficient establish the
fact that there was snow about. We fe. pretty
tain that there plenty of it far to The North
OF U.s. and most probably also in the same latitude
with ourselves. but further inland.
We notice that on The End inst terrible snow
storm swept over the great lakes especially Lake Mi
chgan. Two brigs and schooner were wrecked in
sight of Milwaukee but the crews saved Snow fell
in many places to the depth of elk feet. The rail-
roads are blocked up, and the trains behind time
The frost was heavier here last night than recol
lect to have seen it before Christmas Ii is proper
ticnably cold North, and everything points to
ly and severe winter.
o. Of the die is cast, and the votes of
TIA electors cast for Mr.. Buchanan. Although, in
fact the election of the 4th ult decided The matter
and made Mr.. Buchanan the President elect of the
United States yet, in law, election of President
took place until the first Wednesday in December,
when the votes of the electoral colleges were cast
the electors might legally have cast their votes for
any eligible parties, although, of course nobody ex
pected that they would do in any other manner
than as they were elected to do.
The European press does not like the result. 1t
would have been much better pleased had either Fill
more OF Fremont been chosen 1t can't be helped.
PENNSYLVANIA F1NANcEs.-The receipts into the
Treasury OF Pennsylvania, for the Fiscal year end.
ing Nov. 3Otb, 1856, were, $5,37S,240 33; The pay
ments at the Treasury for the same period of time
were $5,377,142 %. Of these payments $1,943,.
896 81, was account of public improy ements, be.
ing for the completion of works commenced long go
but suspended account of the stringency of the
times. Interest on public debt absorbed $2,047,955-
go The amount paid by the State to Common Schools
was $199,715, but little greater than that distributed
by the State of North Carolina
Stock GAMBLING.-The failure of Jacob Little g.
Co, in New York, and The Henshaws in Boston, is an
excmPhcatIon OF the system of gambling in stocks.
These are stock broking firms. They made contracts
to deliver millions worth of stocks at some future
day at certain per share, amounting in truth to
bet that such stocks would not rule al such time
above such rates. for in such transactions no stocks
really pass, but the difference between the contract
price and the actual price is alone pad Had the
stocks gone down below the specified rates, then the
delverers would have received the difference It
turns out that they have gone up, and consequently
the deliverers will have TO pay This, these parties
cannot do.
The worst OF this gambling is that the man who
contracts to deliver, say millions worth of stock
three months after the SALE certain rate mmedi.
atey goes to work 10 cry it down and inure it's cred,
1t, and he who is to receive it goes to work 10 puff it
up The result is that the property of bona de hold
eEs is thus exposed to the Vaccinations of mere
gamblers, who lave only speculative interest," and
do not own share by way of investment
The Exports OF the fiscal year ending June 3Otk,
1885, exceed those of the previous year, 1885,
9l6. The nett imports exceed those of the previou.
year by $64OoS,l61 The nett exports of specie for
1856, were Sal 536S63; for 1855, they were $780,,
529.
The classification of the Domestic Exports of the
country is singularly interesting for the magnitude of
the great staples, and by comparison with the pre-