The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-12-10
New York Letter.
NEW YoRH. Nov. -,


NEW YoRH, Nov. -, 1857.
To u man Of somewha. irrascible temper.
who has just seen his fabric of mercantile
credit. the work of many years, swept from
under him in the twinkling of an eye. the
gubernatorial invitation to Thanksgiving
sounds, at first, very much like prcmedita-
ted insult But our Dominics," in their
paipits, yesterday, managed to pick some
very respectable crumbs Of comfort out of
the general wreck Of the past three months
The leading idea seemed to be that in RI.
pidly developing country crashes" are abso-
lutely necessary that is, they are the natu-
raj result of that adventurous and fearless
spirit which undertakes new enterprises on
faith. Some pioneers must fall before the
wilderness can he settled some bold nay
gator must strike the sunken rock before his
successor can learn how to avoid it.
To young men starting in business, with
populations yet to make, the present posture
Of affairs afford extraordinary advantage
The credit Of the old, suspended houses can
not, however unavoidable their misfortunes
may have been, ever again BE- regarded as
impregnable. A great many men, small
traders, have gone through the crisis safely,
because they hal nothing. or next to moth
ing to pny, and this class will, Us general
thing, stand higher with those who have
commodities 10 trust in the hands Of Others.
than the widely extended houses whose vast
capital was not sufficient to carry their vast
er obligations, when the withdrawal Of bank
facilities had thrown them entirely upon
their own resources. A large part of the
extensions obtained by such houses have
been for periods too limited 70 allow Of re-
covery; they will not be much more able TO
pay than now, until next July or August.
when the whole produce of the country has
been moved, payment made TO the producer,
and then by him TO the mere liant. The
ability of the West to pay will be still fur.
Their reduced, II the seaboard cities should
be obliged TO import wheat from Odessa, a.
seems not impossible, since il navigation
closes early, and prices keep up in the mar.
kcts OF the interior, to their present point
there will Dc shilling difference between
the cost OF importing bushel of wheat
from Chicago or Odessn, in favor Of the lat
ter port This is reckoning the cost Of
transportation by railroad
t2citement- are at a premium lately
The financial news from England RULED the
feathers OF our importing houses considera
bly,, but no failures have been reported
among this class, though many have suffered
heavy losses. The election for Mayor Of
New York does attract some attention from
a class Of men who usually rcpose in sub
lime Indifference of the movements Of poll
iIciats, and who are only walked mp 10 inter.
fere with politics by purely bread and but
ter considerations. Bat money il more val
liable than il was u year or two ago. when
many would chcerfully pay a double tax
rather than muddy their brains with the az
fair Of the City Treasury nov they can
afford 10 Scte.
As Tor Amusemen.s, we are lcs- aitund.
an'ly supplied than is usual at hi. season Of
the year The opera " moderately success
ful. Literature, with few exceptions il alta
heavy discount. Thc Appleion's have
adopted novel etpedicn' 20 force some Of
their unsaIeoble stock upon the markets
They furnish unemployed respectable f..
males with copies Of their own publications
at very low Rates 10 selI from house 10 bpuse
and appeal 10 The public 10 sustain the in.
terpfise a. work Of mercy. Never more
emphatic than at present would he that NAL.
edictioD of Job, 80 that mine enemy would
tcrfe a bDok or you might have said pub
lish book job. Either operation would
have been "-ettler' for yOur adye-ary,--
The city dailir- se.n 10 stand the pressure
remarkably veil The "sacrifcinp' Dodge
has supplied an abundance. Of flaming adyer-
tt'tneD's, and the patronage Of snbScrIbers
h fully ~ large az ever. since no Ote, a.
least no New Yorker, can live without news
papers IA these stirring tiIDes. Not ~ h.
posted up is one Of the ss.y'p mortal sins
IN this climate.
La; week wa the epoch of murders. We
have little css-a,ion for the last few days.
This bittsr, cold weather, however, ia aiding
TO the desperation Of the Desperate. aud un-
lsss our police force Is s1on augmented con.
sleSeraby, frightiul increase 10 bod crime
must " the result Next Tuesdays. the
day Of election, promises 10 h. zoe Of rio,
and eKoess. Influences are al work 10 pro
ducs 81 outbreak on tina, day. which may
not, Jsrhsp., h. queiied without the inter.
yentioa Of cur eitiDn Soldiery, who made
sueh an imTn.ing display Las, wedbe-iay.