The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-10-21
THE FINANCIAL CRISIS.
rrrrcr or ruE RgvuisroN OK FASHIONS.

RFFFcT OF TUE RgvuLsfoS on FASHIONS.
The " Y, Herald maintains that no class Of per.
sons has suffered more severely from the present
revuisjon than those engaged in supplying the de-
mands Of fashionable society. That paper says:
In millinery there is nothing whatever doing
From Broadway to Bleecker street, from Bowery
g. Eighth avenue it's the same; rom the first class
establishment that numbered It's workers by scores
20 the eupTeteading store that counted them by
units, it is the one stoTy-no business, nothing
doing. IL is not that plain hats have now taken
the place Of costly ones, for neither the dear nor
the cheap article is sold last seasons hats are
doing double Guly. and some ladies are making up
their own material; and thus the enforced industry
of the |; dy pToiongs the sad and Involuntary idle
moss Of the work girl. When merchants are se
ling of their carriages their wives require car
riage hats and when fashionable houses are as sol
ftsry rs herm!ts cell, their inmates may vie
with aSCctcs In their contempt for dress and world.
~ vAniiies,
Such is the condition Of affairs in the generality
Of the up town establishments. Economy is the
order OF the day. No receptions. no dinner par.
ties, invitations, no preparations for balls no
gay sapper parties and stranger than ALL no ,oed-
dHJS. ", AasV bts} told By tadg in tnSi,esS t0y.
eTS te etg, Hat at his sac las been igra-
r,abig ran aotoa eciu o,rk<rs f3r braddi bouRets
tia! almost Impossible 10 mcst he requirements
of hT clfSioaserS on tais point I1 piS year she has
g,s rscsirsi 0ae order In dressmaking the same
staguation prevails ladies that pay no visits and
receive 10 company do net require new dresses
Csase3 3ueRtly dressmakeTs feel severely the pres-
OF thc times The effect upon dry goods stores
is patent 70 every '-Ile that runs nav read |"
Reductions from twenty 10 fIrty, and even ffty
per cent. are advertised day after day Bat ner-
haps the strongest proof Of the universal depres.
SION Is TO ee iouni IN the fact that more than one
wholesale house has commenced selling by retail
for limited period, thus actually heading off their
own customers. This has excited deem and ppne-
TAI feeling OF indignation among retailers, who
look upon It as d'shonorable, and denounce it in
10 measured terms.
The wholesale houses are certainly formi1alIe
rivals tO have to encounter at such crisis vybep
they need all their energies to enable them to
struggle through; but though we not sufficient
ly ConNersaht with business ethics TO decide upon
the right or wrong Of the movement think its
SdIfrc qHi peHt principle an unmistakable indica-
ton Of the violence Of the storm we ara uow we,-
therng. To get money atauy sacrifice ia the object
OF business men, this accounts for their stepping
out their ordinary line and selling their goods NJ
thTee-tourtlIs or two thirds their value There is
such superabuhtance Of foreign fabrics in the
market that IL is desirable To find an outIrt f,r
them on any terms, but in some cases this has
been found I8lpTactcable, and the goods have haon
returned. still, such surplus remain. nm hand
that it will be some time befJre the Custom House
derives any revenue from duties on imported goods
Several manufacturing jewellers have suspended
business and discharged their workmeu This
might have been expected for when neonle can
scarcely hnd money for their daily expensrs tbay
viii not be likely To invest any of it in ieweIrv-
Hair dreSsers are completely Idle Balls receptions
operas aud concerts are their element. nut of il,
they cannot live; and therefore no time could be
more unfortunate for them than the present.
THE woRKisGMES
Inc hrst demonstration Of work ingmcn in New
ltrk, ia regard TO the present crisis and the
means Of relief was held last Saturday evening
The attendance was small, but the feeling was bit
ter against bankers and brokers Reso1ution.
were adopted urging the construction of public
works in the city.
Nav HAMPSHIRE BANKS.
The forty-twO banks of New Hampshire show,
only S22J52i IN specie, whilst their bills in circu
lation amount TO S3,0s4,673 The deposites anlount
to $a51 IU9. The penalties for suspension are for
ieiture oil charter and an injunction by the bank
COMMISSIONERS; but 1t seems that the last Iegis-
Iature abolished the office, aud therefore tbere ia
nobody TO "wind up the banks"
REDUCTION IN PRICES
The cele alienation Of the present financial diff.
hcuites Is to be found III the fall of prices now On
ing on, and which must continue until the necpssa-
ries ot life reach proper level of cost The in
hAted charges made for all such articles for seyers
years past, have been symptoms of the disease.
not the health OF peCunary affairs which has iUst
reach its crisis They have compelled persons in
our cities in great numbers, TO incur eypenditures
beyond their means. and il has been a hard strup-
gle with very many, not merely to keep up ap-
peafances but to sUbsst in comfort The cnnii
tion Of things will be much more healthy as these
prices 20 down. To persons iii moderate circun-
stances, and to the poor, the blessing of a change
III this respect will be incalculabe Recent prices
have been found on permanent reasons but wer.
spasmodic and unnatural, and the idea ougbt to he
sednionsly contemplated and insisted upoD of a
general reduction, to last far beyond the severity
OF the present pinch.
SIGNS OF THE TlIEs.
The following is from the PhiladeIpbia North
American:
The people whose sole aim and object of xistence
is the attainment of wealth, a reyulsion in the
money market must be productive of the most
acute disappointment OF the number of insane
persons now in the various institutions for the
cure Of insanity, a large proportion consist OF
those whom the actual or apprehended loss of
property has deprived of reason. According to the
census Of the present week there are now in insane
wards Of the Blockley Almshouse four hundred
and twenty persons. This is an excess of one
fourth more than the usual number and indicates
the prevalence of some unusually active cause for
q breaking Of the intellect The insane Hospital
At West Philadelphia, aud the State Asylum at Har.
risburg are also filled to the entire extent of their
accommodation: while throughout the country
generally, institutions of the same character ara
said to be crowded with patients The fact should
De noted BY people of exctabie temperaments who
Incline to despondency at the present time.
GOOD EXAMPLE
The St Louis Leader says:-Slr. Henry Shaw,
Que Of our retired men OF business aud wealth in
tends to rent vacant lot and Till it with wood for
the beneht OF the suffering poor of the city, this
winter. Who will initiate this noble examuIe
'IAe poor ye Will always have with youn
BUSINESS IN MANUFACTURING TOWNS
The Bosten journal Of the lIth saws The Ham.
let, George C. Baileu q Sons, Harrison and Cook
Cotton Mills, in Woousocket are now idle; the
Jencks MIL Will soon suspend; the Lyman, Bart.
lett, Harris, Clinton and Social are running on
short time: the Bernon, Globe, and Smith Cotton
Mills, and the Woolen Mills OF Edward Harris are
running full time. The Slater Mills at SatersvilIe
are Iunning half time, as also the Mills at Mill
Vile, Blackstone and Waterford. The Millyille
m'liS will stop in a week or two. At AtPawtucket all
the manufactures have closed except one, where q
lew hands are employed At Central Falls, they
VIII stop as soon AS the stock on hand is exhaus.
ted.
MATTERS IN NEW YORK.
dispatch from New York, dated the 10th, says
Matters are progressing favoraby The banks
extend their discounts moderately, and there ID
more disposition shown to purchase mercantile pa
per. The metropolitan Bank has arranged to re-
celve eastern currency at 4 per cent. discount the
nste5 Of Rhode Island banks excepted
FROM MExIco.-By late Mexican papers, it ap-
pears that another Santa Anna conspiracy had