Evening star. [volume] (Washington, D.C.) 1854-1972, 1857-10-08
WASHINGTON NEWS AND GOSSIP.

be long delayed, because in the present bust
ness condition of the country there can be no
earthly excuse for the existence of the present
state Of things after the panic that produced 1t
blows over. Unlike every other bank suspen-
sion era, the present was brought about by no
arrangement at the foundation of American
commerce That of1Sl4 to 1919 was the result
of the entire failure of markets for the agricul-
tural products of the country, brought about
by the war of 1912 and its concomitants. The
farmer could not sell the proceeds of his labor
and therefore could not pay the country mer-
chant; who, in turn, failed to pay the importer;
who, in turn failed to pay the banks and his for
eign correspondents. The suspension of 1926
was but a prolongation of that above described
"a sort of relapse. "a
The suspension Of 1887 was in great part the
result Of the failure of crops of 1886, that made
us heavy importers rather than exporters of the
common necessaries of life produced by the farm
or stoll. The present suspension has occurred
in the midst of high prices for agricultural pro-
ducts and heavy crops, at n time when the great
mass of the people are freer from debt, too,
than ever before; and when gold is more abund-
ant among US than the most visionary could
have dreamed ten years ago. 1t is simply
the result of the craziness produced by our over
prosperity. The result of gambling specula-
tions in wild lands, railroads, &c, entered into
by financial dealers infatuated with their sue
cess
Under such circumstances, that its evil con-
sequences can much longer hang like a black
pail over the interests of the community, VIC do
n0th biol. In he IL
crop will be moving forward, bearing an almost
unexampled price on account of the necessary
almost total failure of the supply from India
to result from the political state of that quar-
ter of the globe. The Indian war must also
quicken the foreign demand for our breadstuffs,
other provisions, DC, so as to make England
much larger customer of ours than she would
have been had it not occurred. Already, ex-
change on England finds no purchasers at the
North, condition of things almost unknown
up to this time.
In sixty days the gold will be flowing back
upon US from Europe in millions and with such
state of things at home as we describe above.
it is utterly impossible that the American
people will continue to put up with the pretence
Of the existence of non-specie paying banks re-
pressing every public and private interest, and
standing-nuisances in the eyesight and stumb-
ling-blocks in the way of everybody. We are
no believer that the banks will continue "sus-
pended sixty days longer. Those that are not
paying specie long before that time will be so
universally voted bogus business concerns, as
that public opinion will boot them out of the
pretence of existence.
CANDIDATES ADMITTED INTO THE NAVAL
ACADEMY.-The following candidates have
passed the preliminary examinations for ad-
mission into the Naval Academy at Annapolis,
and have received appointments as Acting Mid
shpmen in the Navy:
Maine-Roswell Evander Morey, Geo. Albert
Sleeper.
New HamPshire-Odillon Barrett Hobbs
Nefmont-Frank Augustus Piatt, James Edgar
ssachusetts-Francis J. Higginson, Cochran
Harry Howard, George Parker Ryan, Alfred
Titus Smell, John franklin Churchill, George
Henry COnklin, Nathaniel w inslow Thomas
Connecticut-Lyman Peck Hampstead
New lork-Edgar Clarence Merriam, William |
Percy Lee; Morgan Lewis Ogden. Douglass
Lodge, William Thomas Sampson, Henry Cur
us Salinan, Thomas Putnam Harrington, Charles |
Edmund Mckay, VIM. Parker Gushing, Lloyd |
PhPnix.
New Jersey-Patton Jones Yorke Robt Boys |
Charles PoihemuS. Rufus King Duer.
observation-disclosures Il. Sturgeon, William
tTancls stewart, Charles Gordon Foster, John |
Mcfarland, Charles j Smyser. John Weidman |
John franklin McGlensey, Henry FAIRY Picking,
Samuel Swift; Francis Smith, John Wilson IIa-
verstlck, James Patterson Robertson.
Delaware-George Paine Lord
rylai,d-F frederick Rodgers, Frank Munroe |
District of Columbia-Robert l.. Meade.
Virginia-Alb bert Galitan IIudgins
North CaIolina-John Kerr Connally, Thomas
Longworth Moore, Theodore StuIdivant
south CdTolind-Beniamin Franklin Perry
urorgia--ThOms Hancock Frierson, Thomas
VIM Hooper. Richard Fielder Armstrong, Cliff
ford Boone Walker
Florida-Joseph David Wilson.
Alabama-Andrew Jefferson Clark, Napoleon
Jefferson smith, Sardine Graham Strong, CIaw-
., MississiPpi-Chas s. Keeney, Thos Quitman
Munce, w III. Anderson Hicks
Iouisiana-WIn. Van Comstock
Tennessee-John Feeney Holden, Chas Dun
lap Coonev.
kentuckv-James Fullerton Fuller, Henry
WltheFs, John Henry Rowland, Daniel Talbot
JT
Ohio-George stidger Lester, Howard Grimes,
AdoiPhus Dexter, Tecumseh Steece, Emery Ma.
lin, Thomas Corwin Bowen, Christopher Henry
OTth, Robert Lang Mckinley.
lndiana-John Nune.
IllinOis-wm Henry Marsh, Louis Kempf,
Jas. Duncan Graham.
MissOuTi-Hiram McVeigh
,mlchigan-Sylvanus Backus, VIM. Brewster
Wisconsin-Geo. Washington HAYWARD.
kansas-Horace Edward Mullen
NebTdska-BaTtlett Jefferson Cromwell
The DEFAULrISG BANKING HoUsE.-We
continue daily to receive communications from
depositors with the house of Pairo 4 Nourse.
all of which evince the anxiety of the writer's
to save, if possible, the respective sums they
entrusted to those parties. Already we have
SAID all, at present, it behooves US to say. edi-
torialy, upon the subject Nevertheless, it is
our duty to keep it before the public, to the
end Of inducing the publication of full state
mont of the condition of their affairs, and such
d change in the deed Of trust as the depositors
desire, in justice to themselves. We, therefore,
to-day publish the two following communica-
tiOns:
nv Editor: The surprise and discomfort seems
not 10 be al all alayed by the card in your per
OF the 2lst ulto., signed Pairo & Nourse The
hfst step towards allaying ii should be a state
Inent OF the cause, causes, which led them To