The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-13

jersey Cssy News.
BGuTAI OvrRAcE-A EEcn0 KuIxD.-A most singular
and brutal outrage perpesrated the person Of
Jack" In ne netshbsrhosd where be hved Tho outrage
inoNensvo negro named John Thomp. on, wen kno
resulted In bis death. occurred Monday porter
bo'ws kept By man named Tucker, about three miles
from jersey City ION tho plank leading Newark.
was n0 however ut the public how. that
read, known Glendale, kept By another
named Tucker This negro has been mich addicted TO
drinking liquor, and believed 70 b. his grave
fron that cause Il appears thai on Monday savs.
raj persons, OF whom one Daniel kccnan acted
NJ ringl gave this negro Jack lncr drink until no
was able 70 drink They then poured down
his throat After bH they saturated hi, hair with cam
phsne and ret re toi Another man, who came In al The
time ex.ipgushed the flames The afterwards
roughly haI alej ny probably tor the purpose Of
evius ba Of the effects Of the liquor. He died however,
that night Coroper Seer held IN inquest upon the body
ceased to his death by the excessive use OF In or
which administered TO him by Daniel Keenan and
others The Grand Jury being ia session yesterday Ehe
case was laid before them, and Keenan, was indicted
Why Mo~~y II scasce ana BW~saess Dull.
(rrom tho Albany Argus, May IT,
s undonlsbie that in almost every portion Of ths
State, EXCEPT the city OF New York. where capital natu
raS herv is very considerable pocunlary
pressure 1t can barely be said that severe or gene
rsl distress tiHs aocso~t I~e~sRs Th~ evil " s"s -
that extent But there Is uncomfortable tghness In
he money market Thove who want funds for rci,ima,e
business purposes find some difficulty In procuring them
undoubted security. There seems to 90 lack 81
pur-,its present.
another evil Of the interior n the country ssw expe
yeDoed L. aIge extent the ,esuit q tbis peculiarly
s,naency but porhsps 70 larger oxsoui tho result OF tho
causes which have rcndcred MONEY scarcs. We
.udo the general s,agnassoa II business, compared
with tho activity which prevailed few years Tns,
suspect Is felt 10 most foice In the villages Of the
State and In the cities OF the lperer There IL IN nest Of
the u falling of In the brsknees VI Gsie. In the demand
for mechanical labor consequent upon loss bilng THAN
formerly aud q natural result OF all this both tho Dc
nand and the price for real estate have declined.
The last remark applies also " the country, strictly
csed-we mean to the farming lands OF the state. Although
there Is reasonable ground 0f complaint that srcuur
oil products not suien ly high md lick Of sale, Il
nevertheless true that Ia most sections u this State iaru
ing lands have preciatsG value at ca twenty
per cent within the last four years MAJ be that farm
ers well to do In the world less for their than
fus merry, vAlus them their inven;O- t
lands subjected TO the test OF ae would prvve tue truth
Of remark. There Is less dem and for agricultural!
aads, there few purchasers In tho market, aod
csurte the price fslts.
useful to und. snd tho cause Of thesc things be-
cause Lessons for the future may hus be gathered Per
bAp& many OF readers witt reiy that
v,ous, that had lived too fact thai business h=d been
overdone In villages that merchants had ovcrtraicd,
ell classes had built TOO many HOUSES, stores a1d other
teScmens that farmers had become infatated u relation
tbs value u xnds and thA every boAy had been sxava
CANT in their expenditures and that the prcScI state OF
thing but tn natural reaction Following upon tho hcos
OF extreme EXPANSION.
We admit that the Is doubtless much truth In All bis
OF general prospe iy Is almost u
for ,~el- 70 I'VE tos Fast sai To Target .,
vukion Is posabe Blu do rot had In theso
satisfactory solution Of the problem We are not c"ov,Do
ed that be raid with truthloUkng things they
existed four fve years axohaI merchants ia
sor villages and cities then overtradcd thai
buildings erectd than die spparest wants of at-
br md society then that Village and city lo
extravsRantly Itacd or tha farming lands wc-o
currebt at prices above their value tested W taer
and prospective woductsas. We in fact seriously
ds9bt whether pee lie any crazy thea than
they have since been, and now are,
The great expanaos OF the unfay orable changes not
only this State, but r. all the Eastern States which have
occurred within few years, 70 bc nund, according ~
Judgment In tho rush 81 emigration aad capital from
these States westward We wish aggregate OF maa
ard money which has launched uIoa this "
within he Las. few years could he known. Is immense.
The f may be counted 10y ho'oands and tbs latter by
millions. Looking al Stale vliy the rush lrvas
every city, village sai rural town has teca AAs IA II
which tho preaching Peter the erit rolled IN sach
mighty volume towards the Holy Crussles. Nero lsne
have LEFT their coupters, l~Syo tr S.oks anil beis,
mechanics their ~srSskos, spectators issr csrcer 10
smal fsrmers their ancestral pAtrno'es, us1rers tSeir
petty shavng aud AZ have 10 the II Dora TO-
sheTe hey fanced the philosophers stone Id be
found which would convert tier tile savings Int. ie
fortunes. We need not explain huw scrnsy this ceudis
has wagcncd the communities from which ~ as gn1e
forth. Il has operates Ike continued bic Gilg up
heal ny and strong msn--ccpsaitly draining away hi
fcB blood and Keeping tim Ak and sicSly. MA nf
these erigrants have red considerable Of
money-nany ~ them largo r1toants. "a; the cad a.
which ha- gone Wet las NOT BY any means all been
ried by engrans seeking hofno Ia th1, pruui r aaa.
There has been mania FOR irvestinent st The West Ia
railroad stocks ana ianis, IN tow oss lar ming lands
exclusively among tho Capitalists OF a'ge oteS ba;
has seized The money lenders throughout the lnerof
Every having thor and do!isrg cash mas
until he could inves, IN tas sharos 1T Western
railroad rt@ck In railroad bend at twerty per cent
discount, In it in projected city " the
hLSi-sipli north u the Falls of :, intbony
mortgage at twelve PER cent interest The aggregate Of
men and money thus Withdrawn from thu Fast ~ amJly
srfrrt explza the pccunisry sras and the
raj duinees in ousines now 80 generally complained o. IA
the interior.
II does nod sl within e I1rphs, o. thls srticle /, ds
the wisdom 81 these vrstcrs Investments, lior
PROBABLE uurnstc fate their proaucvcness long
terss< OF In regular business the old Sis,- Thee
tcac furnish sooc for lection aid may n-i;o
uoa hereafter. trr Trosen; object b.s been simply
point out vbs, regard the real efficient of
pse-es. r--soss ~ use country 10 dc Atlantic si.~ In
rcaoy assh ncsss, and thinx rci-ciing
agree thas We hs'e indicated the % se esd,