Evening star. [volume] (Washington, D.C.) 1854-1972, 1857-10-07
g E o Il G. + TOWN AFFAIRS
Corrsspondenes Of 7As Star.

oSoRGETowN, Oct. Z, looI-
Business upon the Canal, so far as the quantity
Oh coal arriving Is concerned, shows al unusually
encouraging state of AFFAIRS and IL no further
cident shall occur to interrupt avigation upon
the line before the closing of navigation by Ice
the fall trade in coal will be unprecedentedly
heavy. The quantities of grain and other kinds
produce arriving, however, is unusually small.
Indeed there is no wheat at all coming in by this
route. This may be accounted for by the fact
that farmers generally who raise large quantities
Of the article, and whose means are such as to
enable them to do SO, are holding back, waiting
Tor an advance in prices. From present indica-
tions we are led to believe that they will find In
tne end that they have let go the substance, and
have been grasping after shadows. The teeming
millions which the last harvest Yielded through
out Europe, as well as our'own countryside de-
ranged state OF the monetary affairs Of our coun-
try-the general crash which has occurred in al
most every city in the L nion among the monopo-
lists trading in breadstuffs-and the unprecedent-
ed heavy crop OF corn must, In our opinion,
necessarily tend to keep wheat down to a low
figure to what il has been for several years past.
Since the LIST instant 102 boats in ali have
rived, 81 OF them from Cumberland, bringing
about 1000 tons of coal, and the remainder came
from different points, with limestone -four, bark,
wood &c.
We regret to learn that the suspension of the
Cumberland Coal and Iron Company casts quite
a gloom over the future flor tirne) prospects of
the canal. For some time past, at least one third
OF the revenue arising to the canal from tolls has
oeen paid by this company, consequently, IL they
shall stop entirely the loss will be seriously felt
by the canal company, and especially SO just at
this time, when the President and Directors are
stretching every nerve 10 its utmost tension to
keep up the work of Improvement now going ON
at several of the dams, aud thereby prevent other
serious Interruptions to navigation in cense-
quence Of deficiency of water. LII the shipments
of coal by this company should stop, we fear that
II IS almost reduced to certainty that the before
mentioned woI ks or Improvements must neccssa-
rly be brought to a close, rs il will, we fear, be
utterly Impossible for the officers Of the company
10 raise the means necessary to meet the addi-
tional Ypense.
Mr.. VIM. Mathews, who has served the COM
pany as collector Tor many years with entire salts
faction to all concerned. has rendered his resig-
nation to the board Of directors, which will 10
doubt he acted upon by the board at their meeting
today. The resignation OF Mr.. Mathews is uni
VeTsally regretted among those trading upon the
canal Mr.. Hollingshead, the present very gen.
tlemantly and efficient assistant ccllecto:, is we
learn, the most prominent candidate for the place
about to be vacated by MIR. Mathews. The cleo
uon OF Mr.. llollingshead would give general sat
isfaction to those doing business upon the canal
The revival OF religion which has been going
on for some two months at the West Georgetown
NJ Il Church, under the pastoral charge of the
heV. Mr.. Coombs, continues without abatement;
quite a number Of converts, chiefly adults, have
united themselve with the church The proiIact-
ed meeting which has been in progress for some
time at the Dumbarton- street church was brought
to a close last night.
BUS ness generally In our city continues in an
unsettled and depressed condition. Wiser heads
than ours think however, that matters generally
will very soon take change for the better. This,
We fear, Will not be likely to occur until some
arrangements shall be made by the banks that
VIII tend tn decrease the runous discounts de
nIanded by brokers upon uncurrsnt bankable
funds, and which will supply the community
with better supply of gold and silver change.
We incline to the belief that there is necessity
for anything like d protracted suspension OF
specie payments anon. them; there is NOT the
slightest probability of anything like a run upon
them by depositors, GALL having unlimited conf
deGce in their solvency.) aud We are satisfied
each OF them Lave in their vaults an ample amount
OF specie TO meet promptly all their issues.
Flour this morning is held noIpinally at So -;
some holders are demanding 81 80. IS o-aes
OF moment are occurring, ii is almost impossible
to give anything like 4 correct quotation. Wheat
Is very scarce, but little arriving; selling at 81 10
for good Ted and 81 .lOaSI ID for white. Corn
white is in active demand for the domestic trade
and would readily demand 75c. for good article
None IN the market SPECTATOR.