New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-26
FROM PHILADELPHIA.


There are symptoms Of revival of confidence
among some of Us. This is great deal to ssy,
considering the newspapers. They have escaped
all suspicion of being confidence men, and with
come of them disbelief has become chronic. The
men who barg around cur Stock Board have taken
courage again. Brave soul' they must be- after the
severe usage they have suffered from both bulls and
bears Money is creeping forth from the innumer-
able hiding places into which, as By q common in
,trct, it iuddenly retrea'ed, and one-aud.a-half
month is now the seductive mark. Suspended
firms have been granted all the time they asked,
and are continuing business under hopeful prospects.
There are very few assignments, so few as to be
not worth mention ing. Sheri's sales are rare, and
rme of the mills and factories that quit work are
taking on hands and IesumDg Yet in the face OF
these indication, of returning confidence, there is
dull weight on the heart of the people. No goods
are selling except BY retail, or BY wholesale at
auction. The retailers who buy for cash at
auction aud reseIl at fair profit, are doing well.
Stme of these stores th;Onged beyond all
former exam pie, and are making as much money
az in the flush times Of year ago. Thousands OF
peot lie are thrown out of work. and have been COL
lected together in great hunger meetings, where
they have been addressed BY who professed to be
fellow sufferers in speeches bordering on the Tank
est sgrariapism But these fellows have been de-
tected as impostors; one of them turns out to De
epe culatOr in real estate, and worth S2O,OUO Inc
others have also been shown to be in comfortable
circumstances. This discovery has greatly dam
aged the prestige of the whole movement. Mean
time large number of men have had the good sense
To work at half q dollar q day. Yet at one OF the
ftunderies the moders struck for higher wages, and
actually quit work, much to the relief OF the pro.
prietOrs who had continued to employ them when 1t
was an Onerous business to raise money to pay them
The cars of the Pennsylvania Railroad go crowded
daily with emgrants and Adventures for the West
some of choice, others of necessity. An effort is
making TO send in the same direction some OF the
many unemployed female operatives, servants, &c,
after the manner of your city.
Literature must be counted among the lux
uries-I mean books. What. books have the
Indians nay it may be feared that they are
even worse than luxuries. Did not JOB, that
old Arabian wsg hope that his enemy might
write ore Or could he have thus calculated in a
crisis similar to ours knowing that the book would
not sell This must be the solution, for literature
is now at dead lock, and newspapers alone are in
the ascendant. As more liquor is drank when our
cities are desolated by cholera, in times of excite
ment and pres the public flies to the news
pspers-tO read however, not to advertise. Only
The knowing ones persevere in the latter and thrive
accOrdippy | have seen instances here where
sbrewd dealers have actually cleared thousands ofdo
lars by not only continuing to ADVERTISE butby dOub
ling the Outly for that object Some men suppose,
that because crisis has come every body Is pressed
and nobody has any money LETT wherewith 70 buy.
But no mistake could be more transparent. There
are tens Of thousands in this very city on whom 1t
may be said the pressure has had no sensible
effect, and who have as much money to spend as
they ever had. Seeing that their money will buy
nearly twice the quantity it did year ago, they
spend it, and naturally 60 where they are advertised
to come. There are men here who have relieved
Themselves from great and alarming embarrassments
BY system of well timed advertising, sold of great
stocks of goods for cash, paid their notes. escaped
clean from the hands Of the usurers. and are now
better off than overall the result OF little common
sense. Yet in despte of these undenable facts, you
will see by the columns Of most OF our daily papers
that their advertising patronage has fallen OIL at
least third. One daily, The SSn penny journal
Of near twenty years standing, has died out
A proce edng has been going on for some weeks
against Mr.. William Wainwright, late President OF
the Commercial Bank, which has now degenerat.d
into persecution. This gentleman is an old citizen,
in an extensive business as wholesale grocer aud
became President Of the bank SEINE five years age,
on the death Of Mr.. Thomas. He has maintained
through life an uhbemshed reputation, and 1t VIII
be found difficult to tarnish it now. 1t 10 the prac-
tee of all our city banks at least previous to the
suspension 10 receive from their deposors consld-
erabe quantities Of country money, such as the
brokers charged from half to one per cent for dis
counting. This practice was great relief 70 the
merchants and saved them many thousands OF dol.
lars annually in the way Of discount. Butt worked
as great an inconvenience to the banks, who resofted
10 rious shifts to get rid OF it without less Some
times they made call loans in this paper; sometimes
they discounted notes brought 10 them too late TO lay
before the Board Of Directors, and paid the pro-
ceeds in this uncurrent money. 1t is alleged that
Mr. Wainwright in common with other b ank Presl-
ID ats, discounted paper in this way. But there IL
no allegation against bis personal integrity as man.
If be has gone tC far-s thing which s stubbofnly
denied-it will turn upon mere bubble, and be
tee hnicsl oversight only. The true origin OF the
prosecution is found in dispute for precedence
among those inside the bark, aggravated snbse-
auebtly BY impudent attempts from other parties to
levy black mail. Mr. Wainwright can have little to
fear from the arts of these men. But be promptly
withdrew from the Presidency Of the Institution.
have had the privilege Of half an evening with
Henry c. Carey since his return from europe.
He 10 in robust health shows il in his good looks,
ssd has enjoy ed himself sensibly and vel duri. bis
absence. What comparing Of notes there was
amtpg us touching the dlsloca'ioDs Of the times
How we recited bis luminous exposition OF The rec
Trace in p,sture, as set forth in THE TRIBUNE, Us
seci nasm its folly its national destructlyeness, as
painfully Illustrated in the comparative oessary OF
an eLtire people. He is calm, clear, and decided
as ever. The wrecks of business once prosperous
Of hopes once buoysnt of fortunes already acquired
which now lie scattered on every eide, are but the
moarpful combinations Of his prophetic ioieshado"-
ings Of the Free-Trsde dcgmas which the slave
Power has imposed on the nation. Even tbs ,tton
city becoming somewhat conscious OF the thr'''lng