The Washington union., 1857-09-15
LOCAL NEW $.


THn MoNrY PANIC ar TINS NoRIH--FNASuAL MAI
rERs "a WAsmsGroN N-The banking firm Of Pafro &
Nourse, Of this city suspended operations yesterday
owing to their inability 10 raise money on their ample
securities They have made assignment and il gives
US much pleasure TO add that the belief is universal in
business circles that their assets more than sufficient
to meet all their liabilities.
The immediate cause of this suspension no doubt Is
owing TO the state of the money market IN
most Of the northern cities Certain il is that it cannot
be traced to any local financial arrangement for none
EXISTS in this city, and well exist until radical
change takes place In the amount and character Of the
business transactions of Washington There may be at
times great scarcity of capital with and brokers and
bankers may advance their rates of interest with the press
ing demands of borrowers but from the ruinous elects
Of money spancs and mercantile crashes the city Of
Washington is entirely safe and from all that
sse is likely to continue safe for many years TO
Real estate in the federal capital is lower than in any city
in the Union Of lbs size, importance, and advantages
stock speculatons here unknown great commercial
adventures unhead OF large inyestments m real estate
seldom made and always made with care and although
we have not a few banks and bankers our circulating
medium is almost an exclusively metallic The bnS
ness men and capitalists Of Washington have not unfFe
quenty been repoached for their tmidty and want OF
enterprise This reproach may or may not be merited
At all events in like the pfcsst, when in the
North end East the failures of banks railroad companies
and merchant princes matters of everyday occur
renee we are disposed to bear with reproaches which
may in whole in part have secured to community
such substrnsal and abiding advantages.
Tr9 CRY COUNCIL YESTERDAY. Y.---Board Of Aldrma.---
communication received from the mayor enclosing
statement of the receipts and expenditures OF the cor
poration for the year ending June 80, 1857.
. -r-L - Al. r. IL. z.
tendant of the Asylum for the month of August.
resolution to inquire into the expediency of amend
ing the laws of health passed
The bills from the lower board to divide the third and
fourth wards each into three election precincts after be-
ing amended were sent back @
In the board of council no business of import
ance was transacted Similar communications to those
laid before the board of aldermen received from the
mayor and laid before the board of common council.
F. Both boards adjourned early
THE NUMBER or Police ARRESTS in this city for the
month of August three hundred and sixteen of which
three hundred and for corporation offences
and nine for violations of the laws of the United States
for the District of Columbia The whole amount of fines
and costs imposed in these cases has been 81 443 23
large share of which has been lquidated at the work
house
Der of days in which rain fell from the list of May to the
present time and find that it has rained egt-siz of
the one hundred and thirty-seven follows In May,
20 days in Juue 21 in July %; in August, 20 and
in September 3. "...
THE WASHINGTON LIGHT INFANTRY celebrated their
twenty first anniversary yesterday This is the Oldest
military organization in the District of Columbia IL
has always deseryedy enjoyed the commendation of the
community, both account of the respectaby of its
members and its admirable discipline and drill.
TARGET MATcH.-The Washington Yeagers, Capt1in
Schwartzman, had parade and target match yesterday
at the Park. Three prizes contended for and won
follows The first prize, gold medal, by George
Lautner; the second, gold ring, by A. Wisebecker
and the third, gold pencil by George Kaiser.
The FRIENDSHIP FIRE COMPANY, OF AILIAYDIrA, were
parade in city, yesterday under escort of dele
cation from the Union Fire Company, and the Perse-
verance Fire Company.
MATRmoNIAL-The whole number Of marriage licenses
issued in the District OF Columbia since December 49,
1911, has been about IL 500. .. 49,. .ay. . r
THE COLUMBIAN COLLEGE,
Washington, ID. c. ...
IyIE ANNUAL SESSION of this institution will
vrol1z tlntI af