The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-10-15

II !, nu extraordinary fac, tia, the money
pressure which comes regularly ever, tll,
and eliminates Ia October always. when the
dry goods paper falls due, should not have
rs yc, produced any remedy IN the public
mind. II is almost lnyariahlc that the prof
ITS o' the year are swept away 10y high in.
tercst paid to cover payments at the matu.
ritl oi obligations. THIS year the usual
pinch has been enhanced hy one of the most
wickedy created and ahsurdiy credited pan
ics that ever afflicted the mrrhct. The
amount OF money now idle in the market
more than suiliccs io meet all Obligation, and
!! The hollcrs had The IL gsa! .!!spe,iiman m II
lend they could not at this moment &c, legal
interest. A banker Of long standing, with
large cash balance, remarked in reply t" n
question, ",ha, he should he happy TO lend
il he cos!l do 10 Nthou, nuN,c,y' This
seems TO be the evil Of the market. and all
the leading failures that have occurred here
and in ncghboring cities have arisen from
the impossbiliiy ot getting money, while
possessed OF very large surn jus means.
TO show the whms on which fortune
turns il may lie stated that recently
stopped and very wealthy nanuiaclurin
house had applied MS usual To noted capital
lists whose balance iuis near $500 0oo,
given their note, and arranged for $40 900
TO SlOOo0O .or The m&, day. The capital
isls showed the noic to u State street house,
with the question, " j. that AZ good ~ the
Massachusetts Bank which. in the i;osion
sense is oqui' allen, 10 asking II II ~ better
than gold The firm ,milingly replied, not
quite" and that reply sealed the late Of the
borrowing house, which Is nblc To- pay its
debts twice over. while the money IL still
idle a strange hnlucimtion poss,-s,s the
public mIwl hat thrrr are oycr-nnporln.
lions, and tina, credits atc dapgcrollsy y cN.
pandcd ~ n lo3. The official figures show
how ba.clc,. Is such al illusion The old
rcyulolon touh place ~ Is3,, twenty years
ago. staggering under the Insolvency oi the
old United States Bank ihc imports aud
exports, as officially gi''U nos aad then, az
"a follows
ga ~, fig% g, TX! 10 =. a .',S,, ,s.. d "a, ;
* * r. ,s% nas% ,,'3cs % - T. 4s'5 s'' ;a,'i 3@"I'i
t5 ,.7 .i>p. -,.,t-. s.aop -, oa@r',oa
f,,,s- .,.'rt. lIf'"ro'l
1llns IN III three wears preceding ia" o>-
p',-ion of ! 81. the import. c,rcolcl The
cApott, - 3o-o,oOl "r more than 30 lcr
nf' Ia the ihr~ ycnr4 up Ia Juiy last,
the exports have c>o",d,d The imports 10y
S2s,0,2oo, or more lhau ihirepf cent, IN
so, The CROP Ldlcd In ls'. the ,rop-
are ,upetabundnut. with aHiy, markets ior
tl,tir nh.orp'iou IN / -, 1000 600 burlcl.
ui wheat were imported iuto New York
from pic-~a, 20 eat. a, - pr bush" III
-. The export Of grain has ben 10000
600 bu.llcI.
1hr year the '"al'h ol 'lr c,unll n
cno,mru. arl a-,itc, lal' # turn-, nmlor ru'
.y.'gm. upon the npplicitIou Of one An ol
nd dual credit. 70 another 4ei through
the Intervention Of bank none; mostly.
tnd'r the iniloon'r ol panic, every onr
who controls money rfus', 10 get II 70 fnlil
u usal lunc'l lou.. and failure. take p'acr--
'h'o YET at liis t"asop. more 'lsD usual
with af iro cau." = & EopaDn.'
~t,,A o., rovvoN Ko,r,. A cou,nou
rad oeomo'Ec hu,l' bF Mt Richard
Dungeon Of 1cofso street las for >cy,tal
,ln,. .aya ne Ntw yo-k Ercoug Dot
bee'i -nlh.ng IN Gfand .-'fc"r I;foadSuy
nud Dther tbprpI.hfitr-. anl lias made a
'up 20 Horizon ani bacE t. -Ircd T. ah,ui
equal 10 'h"av.ttgr -p"i o' lor4-' 90 stages
atd = ..rip- 10 b 'rn'roiI'd ai'h IA. much
,a.' nt aI'h NOR certainty The lopu
lar noii 'ha, lGr-.- wopli to- alarmed by
,p,l ,.LiclA. and that lhey cannot as~nd
bib. pu ncConp' of tArir ah~i- 4'ppu,
~ wfu',i by he leffprmauor Of tins
eug.nr. vhch l,ss mf' HIib 10 cas-" 81 d.Hl
c1l'y of III. na'ur' a''h"ngi i Eaa run lor
ep...dcnb!e part 81 .c,rral day. IN
crowded -'rc"'' 'pl'1v'i by c,1"ds q
bp.,f buy-
" Jg.cIh I'a'tin # Ncwafk y. j
ha- rcaci'iy built s.'am carria2c, on a
,lig,rea' pan, which l,e la. run successfully
~ several short trpA The performance is
.uch ~ - cDrrobDra'r the Wv that steam
may b' u"d si'h Advantage, even On
.na,l ,rilc.
AS"THya tLyg.Vs,S cIishjgp vim
-ypt cfnDs h. following j. from ih' 1,Dy
J,ms. Il MONDAY
Ne rprst ." learn 'in' thp Rev. ku
an bregg truor I'o'i'r ri 'ls' North Troy
II T. Church. has iSen arrested. charged
S'th H. .r'inc,ipn Of . young lady at hi.
ps0 s'a',on in Ws.hinytou County. The
.~inc'up yss accomplished while the vile
of NJ. brgg va. IN visit 20 her frlends
si,rn h. bad eb2ag-d 'h' -ryia- of the
yang la,iy -. h"l-i~J'r. She is but Wy
cn,s' u YEAR o age. ai.d b.d AWAY. borrr
a hisidy f'1;~c,abL name Mr. Gregg wss
arrested an.is ~ ATTENDANCE a, camp m~t
ny 'H sandy IIiil Ne gave bond. 'or he
,ep;,or' u al tapec'ed bcif, at'' for hi, ap
p ara @" 20 stsrd trial on the charge of
turtion H. ha. isen d.mI..'d from ID"
br-ch Of which b. va pastor au1 " ~