davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-29
ADDITIONAL BY THE AMERICA.

isasr RON Bsas Kong. 0na, dassd - IN Of june,
sAys,-
ne uuted ssses steamer Jsctnso, Commodore Arm
uksas has en for Aasshse and Japan
Jne return Of The Bank Of France again unfavorahle
ne buoa which exhibited falling Oh II fso6 900 in the
preceding month now showing . further reduction Of
xseo COO The stock held y consequently reduced 70
"a oco Tho note liabilities have increased f3s 0Oo
advances stocks S32 o0o and those on railroads
f242 eoo The discounts also have been extended esq.,
600, and he demand for money 10 likewise evidenced by
diminucn OF eso7 900 In he deposits Of the public
he treasury balance has increased El92 ooo and I'D
vsDce Of f2oo,coo made 70 the government appears
hsve been repaid Notwithstanding tho large falling OF in
NE bullion fl2 600 has been expended premiums for
ne purchase Of sold
me return from the Bank Of England for the week
ssdng the 9Th Of August gives the following results when
euwpsred with The previous week
Public teposns..... fosoo,77l ncreve. seas ass
osher aeposits 10 200 1856 Decrease. 100 73S
Rest. .............. 3,63066e Increase. sa,oo3
On the other size Of he socouDt-
Government securities e54 Decrease. f7421
Other securities. Js.e7e066 Increase 1851 bs2
Ncsce unemployed. 5,b5l 2l0 Increase 81 $40
mo amount OF In circulation Gle 47 40. being
decrease Of $40; knd the stock Of bullion in both
Appointments fi s, 764, showing decrease Of els 39s
when compared with the preceding rctcrn
4 Leveurier has communicated TO the Academy OF
Of Pars The observations OF The omes dis.
severed BY Diem the 2sth ult ParaboHo elements
aesermined By WON vnlsrceau, are - foAows-
Passage through Perhelop, 1857 August .3422l mean
uDe Of Paris perihenon distance 1885, longitude OF
Ascending node, 20o deg 10 min. 20 sec; longitude OF
perihelion, 70 deg "A min inclination, 81 deg 8s min.
- sec. Hence sppears thai the comet Ia At present
very nearly 81 It's MN mum distance from the esrn, and
there 10 hope Of ~ becoming other wisc visible than by
means Of powerful insirumeniA
Tns come; seen 3. the Dudley Observatory, Albany,
25th OF july.
Liverpool despatch dated 18th Of August 70 the
London Tines, says
crronoousiy stated IN the Tines Of yesterday tia,
Ne United Saes steamer Vanderbilt had made the quick
60 passage from New York record That vessel occu
ped her 70 Southampton precisely days 10 hours
md 70 minutes after deoucng detention for plot of
oCves and the difference Of time Tins, though The great
feat o! the Vanderbilt has nevertheless been col psed
~ steamship Persia three occasions namely,
the Gath Of May 1885, when she accomplished the
nom New York 70 Liverpool in days hours ard 20
xinutei again, the 18th OF August 1855, In days
hours and 40 minutes and also on the nth Of August last
10 days, hour ana Is minutes the latter being hours
10 minutes shorter than the VRndsrhs quickest
aGe II Q comparison made between there rival
steamers the western passages, more decided gupe
raurfty would be accorded 70 the PersA-
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-29
KNsLAsD'3 POWER TO IN PRssBRvsD.
fffou the london Tims, August rs

Dan any body deny thai India needs q ruler 70 the
affections Of 70 suppress the fertcy Of others 10
control religious uurderers and religious roboey 70 srb
p.,e bot ween creed 0 exclusion and creed Of crsrmi
,son 70 harmonic into political whole OF here
diary sslders Hereditary priests hereditary msnss yers
bereiry plunderers, and ether dsuac, In their
cbvsc,er they 10 the days Of Alexander II
the lItereu OF civilization and bu nanity tia who
This charge and shsw pre- eminent claims 70 IT, should
grssy 4 And maAnala q with the sbole sreng o. tue
pre- who s there, that has his foo, on In ian coil
-ho Keep down volcanic OF criminal tendo
oe Who else guard The prisons tot, hs 70 just
vo nted out her ousauds W the terror OF the comnu
niui Who ese keep the HIGHWAYS open, and
prevent Tho necessity OF reaortng 70 byvsysl Even
ths efys ne feel that ne whole Presidency Of
enea could be poled the return would be IN our favor
terrible ~ We blo- has beer us-o those VINO real Of
nsssofe Gser massacre OF their coaniryme and have
We Euon reason for fesrng ma Their friend. among
'ue NcAusi We bsvc no doubt the visitation has fallen
u'o steverey On Tho civil population. They look 70 as
" ie .eAbh-h or hame snd sulnorty by the mos efc
,ua metus not, hen only because blood from
lne earn Tor ven eance because thousand British
isnes are pungd into gref distracted with suriety
ous Tor We more sub anA pLranorut re sson that
We are toe Providers OF lads. thst ye m -
row nj c terrible rebuton and purge the and Of Its
crimes We have done much, II not our Utmost 10 uman
re he people 70 leach she jI,tce aad 70 sIre Mem
hper'y E may We, VIII ssfe corsceroe, and nc ssf q
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

The Republican nominations for Judges in the
Districts north of the Highlands are nearly or quite
completed, as folows:
In the lid albany District, HENRY HOGE.
BOOM of Columbia and WILLIAM B. WRIGHT of
Ulster Formerly Of subway are the nominees. Mr.
Wright las served one full term with decided and
general appreciation; Mr.. Hoseboom is now for the
6nt tine a candidate Mr.. Wright was Wig
Mr.. Hoeebcom Democrat under the old divisions;
and 60 worthy and capable are they known TO b
that tho Americans unite IN their support. render
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

Saturday was the dark day Of dark week. The
consultation between the Bank officers and the
merchants had resulted in nothing specific or
encouraging, and it became more evident than ever
that there was no sympathy Of feeling or concert of
action among cur city Banks. Under such cir
cumstances the policy Of the more cautious is IN
svoicahly followed and any considerable increase OF
di,cosnts becomes next to impossible. Stocks sui
fertd a s'ill further decline; exchange and money
negotiations were as difficult I" they have
been. TIE EaN River Bank, small
concern, statement OF the affairs of which
will be fuod elsewhere, suspended pay
mept; sad there was quite ud upon the
Bowery Savings Bank BY small depositors--soine OF
whom doubtless ccnfounded this institution With
the Bowery Bank-whIe others were frightened
by q rumor that the latter had $50 600 in specie
belor girg to the mater in its vaults when 1t su''
pended on Friday. There were several important
mercaE tile failures in the course Of the day, which
would Of themselves have formed fitting c'ose 10
the Disasters Of the week. But they were thrown
into the shade BY the announcement that one Of
our great railroad corporations bad made an assign
ment and that the paper Of two others hsd gone 70
protest The following is the bulletin of the day:
The iLLison CENTRAL RAILROAD Co, assigned 10
consequence OF inability to carry its large aosting
debt in such times ss these. lie circular and the
names Of the sssgpees win be found in snota er colamp
where s also statement Of the retrenchments that
hss been making on the line Of the road.
The NEw YORK AND ERIE RAnRoAD Co., notss
protested.
The MioaIeAs CEsIRAL RAILROAD Co.. Suspended
payment OF lie floating debt.
The East RIVER BANK, suspended specie payment
La notes will b received 81 par BY the other bsbks
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

The vicissitudes of q monetary collapse like that
we are now witnessing are very apt to revive sta.
tistics that have been either too little remembered
or wholly forgotten. We witness the suspension of
long established houses with surprise, having be-
leved that. with such, a failure was impossible.
The calamities of former crisis are forgotten in
the confusion and grief of that which MS new and
Immediately before US; and the mind loses sight of
the great fact that nothing in this country is more
uncertain than an absolute and uninterrupted sue
cess in LIE rcantile life. 1t is true that, while the
discovery affords no consolation, it may neverthe-
less, if properly considered, be made potential for
good. Some years ago, examination was made OF
all the accounts kept in one of the Philsdelphi'
banks during period Of thirty years, in order to
ascertain. as question of mercantile statistics,
what had been the average fate Of the depostors as
regarded their success in life. The result was 50
remarkable as to be deserving of careful study at
moment ike the present, when every fash ofthe tel
egraph is tiDged, not with light, but with gloom VI
the whole number, seventyfve per cent. had failed
or become 90 trammeled with debt as to be CON-
PEELED to relinquish business. Among the depo'-
ways considerable number who merely make
convenience of the institution as safe receptacle
for their money until wanted. These were fairly
estimated at twelve per cent. of the whole, though
that average is frequently exceeded. But, starting
from this data, it will be seen that the successful
merchants or traders in period Of thirty years,
was only thirteen per cent This result develops
an impressive lesson, even if il conveys no consola
ton to the aching heads which nightly lie down up
on sleeples pillows, and of which every young man
about entering into the business Of life should take
especial warning. Parents about plac ne their sons
as apprentices should pause before they determine
On the career in which they direct them. AZ con-
frmstory of these results, experienced merchants
give il as their opinion that ninety per cent sre uu-
successful.
Whoever will be at the pains to count up the
firms along any one block Of an active business
street in any great commercial city, Tor Perod
even less than thirty years. will be convinced that,
in allowing thirteen per cent for the successful
traders, the calculation apPro1imate' the truth
How necessary, then, that the young should pause
and calculate their strength before they transfer
their fortunes from the open country to the crowd
ID city, and ozark in a profession where COM
paratively f. " achieve independence. Business Is
to some extent lottery. Blu. each one thinks that
70 the prudent II is not 20, and that he at least is
determined to be such. Tie reply may DO safely
bszsrded that, where il has been shown that three
Gu,,bs are rot thus prudent, il would be only wise
and proper before setting sail, to ascertain tAasa
full b.lla.s Ct prudence is carefully slowed away
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

recently made In addition 10 this ouhy for car
rent expenses, there has been largo outlay Tor
buildings, furniture, &C., amounting up to the end OF
1855 TO $I39, 926 1t was originally calculated that
the accommodation. thus provided would be ample
for thousand pupils; but in 1855, with little
over half that number, the Faculty complained that
the building was entirely inadequate to accommo-
date ttem al with comfort.
Such having been the cost Of this establshment-
q cost constantly increasins-let ~ look little
into the results. Those results go to show pretty
conclusivey that in its character as college there
is no demand for it On the part Of the inhabitants
Of this city. The graduating class Of 1853 was
seventeen, that Of 1854 twenty, that Of 1850
thirty three, while that Of l556 went back to TWEEN
ty-one. The roll Of pupils at the close Of the
academic year in July lo56, stood as follows:
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12


1t is evident from this statement how very small
proportion Of the pupils to avail themselves Of
the Academy, considered in the light of 9 college.
The greater part stop short with the Preparatory
Department Very few get beyond the rank Of
Freshmen. Even Of those who enter the Prepare
tory Department, considerable portion give out
before the end of the year. OF 800 who entered in
July, 1855, but go remanedin July, 1856. It thus
appears that, after all, the main importance of the
Academy is in the Introductory Department. OF
1,4o6 the entire number Of pupils admitted into the
institution in the seven years and Q half ending
July, 1856, but 81 have completed the course leav
ing 45l en- the way Of whom it is not probable that
much more than q quarter part will ever get
through. Considered, thea as a college, the insti-
tuition is evidently one which the citizens do not at
present feel the need Of For the very small num-
Der who have the time and the taste for q college
education there are ample opportunities elsewhere,
without imposing this heavy burden on our over.
taxed city.
It remains low to consider the Academy in the
light Of High School In this respect it does but
perform function which ought 10 be performed,
and which might, we think, be much better per-
formed, without any extra expense at all, by tho
Grammar Schools. There is nothing taught 10 this
Introductory Department of the Academy which
might not be and which ought not to be taught and
just well taught, to the advanced classes of
the Gran mar Schools while the difference Of cost
in the two methods is perfectly enc rmOus. Divide
S42 CPS the cost of the Academy for 1855, by 451,
the number Of pupils in attendance in July last
(and which probably represents about the average),
and it appears that the cost Of educating each pupil
in the Academy is very nearly 500 year. Now,
from table given in the Report of the Board of
Ei ucation for 1885, the average cost of the pupils
in the Grammar Schools for that year was about
Sll year. Not only does it seem useless, wasteful
and extravagant to pay 800 year for what can be
had for Sll, just as well, and even better in some
respects, but there is still another and more Sc
rous objection to this procedure. L great deal of
credit has been given to the Academy for elevasing
the standard Of instruction in the Grammar Schools.
But does not the drawing of from those schools of
al the most advanced and ambitious pupils, to re-
cluit the Introductory Department of the Academy,
have q tendency to keep the Grammar Schools
down and to degrade them TO the condition of pri
maries1
We are satisfied on the whole, that the entire
Free Academy may be done away with, not only
without any serious damage to the system Of
public 'chool education in this City, in which we
shall always feel the greatest interest," but in some
respects, with decided benefit to that system.
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

TIE following ere among tbs moro prominent Of the
private individuals VINO suspeaded payment:
JoHr N. GxsIs, the well known halter.
HIsRr A. Corr, agent Of hesara Drake e. Co. Of
Havana
sxrsoUR Co, paper dealers
J.W. Co.LIEs e. Co, suo,ioueers.
CoRsrso e. Co bankers, in consequences Of inability
10 eel exchange on London.
FEsIor, LEE g. Co., dry goods.
These parties all have large asses, and will, II Is
thought, pay everything. Numerous rumors against
other houses are reported but these are the most
prominent firms that are known to have gone BY the
board:
TIE BAsK OF SouTH C.RoLIsA, a State institution
superded.
THE WEsTERs ExcHAsGE FIRE AsD MARINE
Insurance COMPANY, with banking privileges, Ne
brsska, suspended
This is the most important Of several banking con-
Germs in the Territory, list Of which, with graphic
picture Of the ter paralysis of trade and msnuiAc-
ture there, will be found upon our commercial page.
We hear Of no other failures abroad; bat the
news from New-York is anxousy looked for in all
quarters as deciding the fate Of other cities. New
Orleans St Louis, Cincinnati, Chicago and Bos-
ton appear TO be as well Of as they have been.
So, too, in another sense, are Philadelphia and
Baltimore.
The worst thing We have to fear in this city is
panic. Should depositors be frightened into max
ing run on the banks, there would be danger.
But we trust that better counsels than those of
fright will be followed and that people will under.
stand that great failure may be public
benefit rather than misfortune, by tax
ing great borrower out Of the market.
The worst feature Of the crisis is its bearing upon
tie c.Ddion of the labOrirg classes From all
points accounts come Of wOrkmen thrown out of
emp'oyn emf, ard the Winter, in spite Of the heavy
crops and the fall Of prices 10 consequence OF the
decrea,e Of specie bids fair to be very hard one.
1t would seem from our Washington letters and
dispatches that we are likely to have no money in
the United States Treasury at the end of the fiscal
year. At the present rate the Custom House
receipts for the whole year will not be more than
from S25 900, 900 to $4,000, 900.
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

GEORGIA The late election in this State w
lot quite so one-sidsd - that Of last year, sa'usa
the National Democracy" have secured -
jority Of nearly 10000 votes. mainly By tAsu 70
ciferous claims 70 bo moro powerful II not n'ss
thorough going Pro Slavery party tAaa sssif g.
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

tor. aolstemptsto make ouethiug out Of nothing
arc the more immediate causes of our present
troubles. Down with the panic and let u' do sl in
our power to mitigate the severity and limit tho
duration of the pressure
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

VERMONT.-The new Legislature of the Greoa
Mountain State assembled at Montpelier on Thurs
day the oth inst. Mr.. Edmunds of Burlington
was chosen Speaker of the House, and Rcpubi.
can organization Of both branches etfeckd-the
Senate being wholly and the House about fourfftAs
Republican. The vote for State officers was off,
cially canyaased. with the following result:
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

In the general enlargement and launching out
and undertaking Of new enterprises which have
brought things to the present pass, the City as a
corporation has had its full share. Without making
any account Of filchings and steangs and LOwber
Jobs, and things of that sort, our municipal ex.
peDses for the most legitimate purposes have run
I'D TO the most extrsvagant amounts and, as there
will certainly be large falling off in the receipt of
taxes, so there must necessarily be corresponding
retrenchment of expenditures Every single de-
partment of our municipal expenses must expect
to suffer this contraction. Among the rest, the
Board of Education, painful as any retrenchment
in that quarter may be, mu.t come in for its share.
The great object must be to make the sacrifice
where it will be the least felt by the public, aud
where curtailment will not seriously affect the ben
e6cial working Of the system az whole.
Fortunately, at least in this point Of view, our
City educational system has long been carrying
dead weight, which, now that it has become abso.
utely necessary to tighten ship, may be thrown
overheard without serious damage to the general
interests Of the voyage. We refer to the Fres
Acadeny-an institution which, from the nrst, has
been very dubious experiment, or rather series Of
experiments; aud of which the results have borne
no very satisfactory proportion to the expenditure.
The Free Academy had its origin in an act Of the
State Legislature, passed in May, lS47, by the
terms of which the annual cest Of the institution
was not to exceed $50, 900. The school actu,lly
went irto operation at the beginning Of the year
le49. The original pr ject contemplated school
Of some eiSht hundred scholars in constant attend.
snce, the degree Of instruction intended being ap
parently pretty much the same with that of the
High Schools of Philadelphia of Boston, and Of
tber New gland cities. This modest project,
however, failed to fulfill the expectations of its
projectors. Some two hundred pupils entered the
first year, but in the second year only hundred
and thirty three pupils were admitted into the
Academy. a change was about this time made
in the institution, BY which It was at
tempted to combine in it sort of 10.
ferior High School, called the Introductory
Department. with College, having its four
years course OF languages aad science, and
with authority to confer degrees This, Of course,
led to increased expenses. The current cost Of
the Academy for 1855, according to the report of
the Board Of Education for that year, amounted to
81, CPS 81. Owing to rome rather singular delay
ia the printing department or elsewhere, the report
which was or ought to have been Pre'eated TO the
Board Of Education on TIE last day Of the last year.
hss not yet been published and we are, therefore,
cot able to give the expenses Of the Academy for
that year. 1t is not probable, however, that they
we're any less and We hsd occasion to refer day or
tyo Guce 10 ssue eonaidsrabe Increase Of salaries
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

TO CONTEMPORARIES
subssibeSs No sending remances eosentiy or.x % zen
Of the Post Once, and very freeneay ne
wsys mention the name Of the Poet 0fse and Shs
No noaos Geo be Of ConmunosteoA What
syeg Il Intended Tor insertion must be authenticated By the
name Of the whternot necessarily 10 pnbcs
uos. but guaranty Of his good faith
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

VIZ
Machines for sale at No. 40 Broadway These are tie
only machines really suitable for family and their price
them within t5 reach Of ALL Persons intending 20
chase wing Machine will do well to examine these house,
hold fsyoes before paying from SO 10 $50 for heavy
complicated II requires bus hours tuition
become skl operators Lessons given gratis This Ma
chine last sustained by verde; Of United States CIR
cult Co0it WATSON, WOOSTER 90
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

EsPENsCHEID, whose Independent Fall Style of
wholly nsbe supply has the satisfaction 70 announce 70 his
friends that having increased his manufacturing "a
able henceforw ppy all orders The
admitted tbs he sel for IS 80 Hat which far superior
In material style and thish TO - Hats sod In Broedws
fursh the secret Of hs great and sccounts for me
that When others idle hs Store at No. n8
NassAn. a.. is always foll Of eustofnets
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12

SEWING MACHNEs.-An persons VINO want a
z Machine Of universal utiltyone that will sew the
bghes fabrics fabrics better than othei-
the best shne family manufacturing plantation
whsevera machine that don't get ost OF order and
with which industrious ably earn LOW
year--csn obtaip IL nowhere except At the Office OF
1. NJ SISGxR a. Co, No. 45s Broadway, ". Y.
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12
Bnsiness Notices.
rHE HoOP STYLE CRITICISED.

THE HoOP STYLE CRITICISED.
~ JULIA CAREY KHEIsBARpr.
The ladies cock .a-whoop
With furbeows and houncss;
Zach votsry Of Fashions troop
Plain Natures grace ienouDces;
Their heads beneath broad " fsts' ne lost
And fstier fops admire them,
Who thuk how much twoud cost
In this style 10 stire them
FOR me-, love simple style
Both for nyseh and lover;
I'd rather let uly ring robes
Some natural grace discover;
Ard 40 to him-the man love
Who calls me his divinity
lie must wear rich simple styles Of clothes
From SMITHS MARnoREAL TRNITY.
ssrg RsoTHERs One Price Whole sale and Retail
WAhEseoas Nos 122 ia aud 40 Futons N. Y.
TREMENDOUSLY IMPORTANT KNOX, No. 2l2
Broadway w se his Fall Style Of HATS day 81 and
take current funds In payment
STILL LATER
Eastern FUNDS Will be TAX II his customers desire
TIE LATEST AND STtLL MoRE EXCITING
To sy public excitement KNOX Will take good notes. with
approved indorssmeus-say William r. Asors paper with
Peter Coopers autograph the back with State skies " col
latera,s-
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12
IemIlmk DAILY Gribn,te
TO oORREsPONDENTS

MONDAY. OCTOBER -, 1857.
New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12
GENIN'S BAZAAR.

UENIN DhIhHK,
No. SIS BRoADw
81 Nicholas Hotel
The entire eDtirc stock of this estsblisbmert
has been marked down
AT Co AND BELOW Cos1 PRICES,
Tor the month Of October 1857.
The assortment IN department never more compete
than ct the press ut time