Muscatine weekly journal. [volume] (Muscatine, Iowa) 185?-1890, 1857-08-29
THE NEWS.

The telegraph announces number Of
failures in New York. The closing of the
Ohio Life Insurance and Trust Company.
Offices on Monday. has been followed by the
failure Of John Thompson, the noted Wall
Street broker also Of Delaney, lselin &
Clark, and +. s. Monroe, bankers. 1t would
seem that the crash which eastern croakers
were predicting for the West is falling upon
them. The immediate cause Of these fail
ures is said to be the unprecedented depre-
citation of leading Railroad stocks and othe,
securities that has taken pace within the
last ninety days. The liabilities of the Ohio
Life Insurance and Trust Company, are es-
timated at from Sd, 100000 to 81 ,000, 900.
The immediate embarrassment of this COM
pany arose, we understand, from its inabil-
ity to meet loans made by it of some bank
ing houses in the street. The proceeds OF
these loans had been used in sustaining
Western Railroad Companies, one of which
was to have received an advance exceeding
half a million dollars.
st. Paul dates are to the 2lst The
compromise in the Constitutional Conven-
ton progresses slowly. Some points of diff
ference have been harmonized, but there are
others more prominent, such as the appor-
tionment and universal suffrage, upon which
| it is thought that the Conventions will fail
to agree.
The Republicans, to avoid anarchy and
confusion, favor the submission of but one
constitution to the people, while the Demo-
Gratis will insist on the submission Of both
as best subscribing the interests Of the peo-
pie. On the whole it is doubtful whether
the constitutions which are now enrolled
and completed, will be blended into one. -
1t is probable, however, that the two con-
ventions will unite on one day on which to
submit the the constitutions to the popular
vote.
The crops in NJ nnesota, Notwithstanding
the ravages of the grasshoppers, were never
so abundant as they are the present year.
Late intelligence from Florida is to the
effect that Capt. Micklers and the Florida
Volunteers have captured five Semino)es.-
The Indians hoisted white flag. Hopes
are entertained that the war is nearly over.
A dispatch from New York of the oath
says the American telegraph company
lines from there to ST. Johns will be kept
open hereafter day and night for the an
nouncement of the arrival Of the telegraph
fleet, and subsequently for the transmission
of business between America and Europe.
In New York, on the oath, Surrogate
Bradford rendered decision on the Burdell
estate. The decision is very elaborate and
lengthy and concludes by declaring that Mrs.
Cunningham is not the widow of DR.. Bur
dell. and by directing letters of administers
ton be issued to his next kin.
brewster & Co, private bankers of Ro-
chester, n. Y, suspended on the Oath.
The suspension of the Ohio Life Insu-
rance and Trust Co. is announced. The
Company had two houses, one in New York
ana one IN CINCINNATI.
FoRRraS.-The steamship Anglo Saxon,
from Liverpool on the 10Th inst, arrived
Mt Quebec on the 23d. She reports much
thick weather and constant head Winds
Saw nothing of the Telegraph expedition
Lord John Russell has reported from the
Parliamentary select committee that the
Jews could not be admitted as members of
Parliament under the existing act for the
modification of oaths. A spirited debate
had taken place in Parliament in regard to
affairs in India Lord Palmerston stated
that 10000 troops had been sent out, and
that active recruiting was going on. Mr..
Disraeli expressed the opinion that the cam
paign this year was lost. The schooner Ju-
piter. under American colors, was seized in
the Blight of Benin, Africa, on the 18th of
June and condemned. She had 70 slaves on
board. and there were many more awaiting
shipment on the beach. The captain threw
the Jupiter's papers overheard. The rumor-
ed suspension of negotiations between Spain
and Mexico still lacked confirmation.