The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1857-10-28


An INCIDENT OF THE PANIc-A few
months since, says the New York Post,
the partner of a commercial house in
this city was taken to Z lunatic asylum,
utterly deranged, il was said, by his un,
paralfeled prosperity in business. Dur
ing the year previous, his firm had clear
ed 81 SOC, 0G0. He died in the asylum,
and his own estate was valued at 81, $780,
900, all invested in the concern Of which
he was a partner. The firm itself failed
the other day, and is now said TO be
utterly ipsolrent. One item Of the
assets of the deceased's estate was a
thousand shares in the Illinois Central
Railroad stock, which was selling at the
time of his decease at $l40 a share, and
which was worth, after paying up the
instruments, $500 GOO. Tue sane prop
erty sold yesterday at public sale at
$50 eco. All this occurred within eight
cen monlLs-thc prosperity the insanity,
the de case, and the Insolvency.
E There is one class of mcn whom
the hard times will affect seriously, and
that is tire counterfciters All bank
bill are now in such bad order as to
throw that industrious class of men en-
tirely out of employment.-Dcn7. Era.
A Loss AND NOBODY Is SoERY.-A
cargo of very fine sugar, says the New
~buryport Herald, is stored upon John
sons wharf in this city, for which a firm
in Boston paid l2& cents per pouod it
will not bring 9 cents. The deprecia-
lion, storage, shrinkage, &c, will occa-
sion a loss of forty dollars on a hogs
head. 1t is not at its lowest point yet /;
and we all adopt Banks motto, Let
her slide"
STRAITENED But NOT BRoKE-One of
the hest things of the season is related
of Il large merchant in Boston, who en-
ploys a large number of females. Being
compelled to reduce his expenses, &c re-
Gently discharged q considerable por-
ton of them. After paying tbeir wa
ges in full, he Informed them of his ina
bility to employ them lopger--of his re-
greet at dismissing them, and, hoping
that better times would soon dawn, PIE
scented each CT them with ten dollars.
SUsPENsIoN IN DUBUoUE.-The Dubuque
Eaptess of the Goth inst, says that Finn
& Brother, and A. G. Peirson, of that
city, have suspended. With regard to
Flaven s. Co., and Finn & Brother,
the EapreSs says their affairs appear
to be shrouded in mytery, and 30 visible
assets are known to exist. With regard
to Mr. Pierson, he needs only time to
enable him to meet his engagements.
GRAIN FOR EURoPE.-The Now York
papers state that there are at present
fifteen of the largest class ships now
loading ct that port with grain for Eu-
rope. They will carry out not less than
three hundred and eighty thousand bush
els of wheat.
PosTNAsTER ARREsTED.-The La
Fayette Courier says that the special
mail agent for Indiana arrested, on
Tuesday. Mr. Martin, postmaster al the
Deighboring town of Attica, for Having
been guilty of purloinirg money letters
from the mails.
K2 a New York journal compares
the ppblisher of a newspaper to q farmer
who should 9eil his wheat or credit, and
no more than q single bushel to any n
person; the payment of a subscription is
of the same importanes TO a publisher as
the payment of a bushel. of wheat would
bs.to the farmer. The harder the times,
the more entire is their dependence on
the payment Of their subscriptions.