davidaulloa/AmericanStories huggingface dataset:
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
The Money Panic.

Another of those financial commissions
which seem TO be as periodical, and chron
ic as the fever ard ague out west, has
shaken the commercial and financial
community. Twenty years ago. in
1887, a violent ~momentary crisis occur
red; nearly all the banks in the nation
suspended, and paper cities, and fancy
stocks burst like bubbles. In l84l was
another partial suspension; in 1854. a
slight crisis occurred, and now in 1857,
comes a panic, which, in proportion to
its cause, far exceeds any of the others.
In 1897, in addition TO the Wild specula-
tons in real estate and initiation of all
kinds of property, there was almost a
famine in bread stuff. Now The country
has abundance of provisions. abundance
of real wealth, and there seems to be but
little lack of anything except confidence.
A year herce, and people will wonder
at their own fright.
These monetary crises seem to revolt
III regular cycles. First there is in trade.
qCiescence, next improvement, growing
confidence. prosperity, exciteme Mt, over
trading. initiation, commissions, pressure,
~~stagnation distress, failures, and again.
quiescence. Yet men heed not the
f,cts, nor mind the signs in the CONNER.
cisl heavens, but rush into the vortex,
forgelful of past experience.
In times of property, men extend
their business beyond heir personal
control, and resign it TO the hands Of
agents who may be incompetent or dis
honest. They adopt extravagant modes
ofliving, and are careless of expenditure,
apressure comes, and their newly pledg-
ed dignity and extended business col
lapse together. carrying distress and
ruin 10 their own houses, aud those of
honest unsuspecting creditors.
The sale of the Public Lands BY the
National Government furnish material
for specu!ations, rot afforded in any 9TH
er nation. Over 500 millions of acres
have been disposed of by Government,
some sold, and nearly as much given
away to States, Rail Road Companies,
and pensioners. That which is sold by
the o. S.. i, at a low Price, and as the
mighty tide of emigration rolls westward
it steadily and really advances in value.
but often at q bound it reaches in a few
DAYS a fictitious value which twenty
rear of time will no make real. A
large part Of this land. and still larger
nsrt of that which is granted for boun-
lies and raj. roads, is bought by men
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21

Uncle Sam Feeling the Pressure of the
Times.
The following Circular, addressed by
the Secretary of the Treasury through
Collector Schell 10 the Importers of New
York City, indicates quite clearly that
Uncle Sam is getting 10 be frightened
Tor fear his income will fall short TO meet
the SIS. DOC, 900 appropriated by the
last Congress for the current expenses
for the present year:
CUsroM HOUSE, New York, Oct. i3.
SIRs-The Secretary of the treasury
wishes TO obtain The opinion of importing
and other merchants of intelligence and
information as TO the effect which the
present financial condition of the county
will have upon importations from
abroad.
The particular points to which his in
quiries relate. a,e. the probable amount
OF imporiations for The next twelve or
eighteen months; the probable change
in the price of the more important arti-
cles Of import: and also, The probable
amount of goods now in warehouse that
will be Withdrawn for consumption dur
ing the residue of the current fiscal
year, with any other information that
may bear upon the subject, and aid him
in the preparation of the usual estimates
for Congress.
Your views and opinions in relation TO
these matters are respectfully solicited.
Your obedient servant,
AUGUSTUS SCHELL, Collector.
To Messrs. -
The amount Of funds in the Sub
Treasury is now reduced by the redemp-
ton of Government Stock, from $751;
600, 900 to about SIG, OOO, 900, and the
receipt from Customs has fallen off so
pei cent This interesting discovery has
caused Mr.. Cobb. in common with the
rest of the panic troubled communi y,
10 haul in sail. He had supposed that
the estimates of his predecessor, Mr..
Guthrie, when he p~rophesied that there
would he a surplus in the Treasury of
S43. 600 600 next July. would turn out
to be correct. But alas for human
calculation. Ii seems that the magnifi
cent estimate is knocked clearly in the
head by the panic struck importers
ceasing 10 patronize the government
Untle Sam, like his innumerable neph
ews and nieces throughout the land, has
been expanding and going into all man
ner OF extravaganza, ill his expenses
now amount TO the moderate sum of
So. 600. 600 per annum. The PROJECT
is splendid of his being obliged 10 run
into debt and borrow money to pay his
family expenses. Good enough for him.
He ought not TO have reduced the tariff
TO the present miserable scale. which is
most admirably calculated to keep the
Treasury empty. We hope most sin
cerely that the old felIsw will be both
cred Tor the want OF money. till he gets
enough common sense back t o indGce
him 10 restore the tariff of 1912. and
thus put a stop to this flco ling our
country with the products Of pauPer
Europe. and the expurta,ion of millions
OF gold TO pay balances with.
A high tariff will kill three birds
with one M 1t will pu; money into
the Treasury, give employment TO the
tens Of thousands of mtn now out of
work, and keep our specie at home
The present monetary condition has sci
people TO thinking, ahd the fact is rap
IDLY being evolved that We must have a
higher tarilf.-Lsader.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
Racy Correspondence between the Pres
ident and Mr Douglas,


Little Douglas does not get all the
help he wants from head quarters in his
preparations for the next Senatorial
election. He has accordingly notified
the President that he has but one relative
in Office, and hat he does not wish the
appointment of his father-in-law, Mr..
Cuts, to count against Illinois. He
complains that he has felt keenly and
deeply the neglect and injustice" OF
previous administrations in this respect.
Other States have had a superabund-
apce of spoils, while The ever faithful
Stare Of Illinois, has been put on short
allowance. He says in conclusion:
Hence | feel bound to say TO you. in
all frankness and kindness, that any
appointments you may make, or person
you may retain in office, other than the
citizens of IllinOis-no matter how near
they are TO me-must not be considered
as any compensation for The omission to
appoint such Democrats ION this State
as /, in common with the rest of the
delegation, have or may recommend -
| have mol yet felt inclined TO complain
of the apparent neglect or The just claims
of this state in the distribution Of the
patronage under your administration,
having full faith that you would do us
justice in the future appointments.
| have the honor to be. very truly.
Your friend, S. A. DOUGLAS,
Hon. JAMES BUCHANAN, President U. s."
Mr.. Buchanan having, in point of fact,
Just dismissed Gen Mcconnell, the right
hand man of Douglas, from a post he
held at Washington, and having made
nearly all his Illinois appointments in
opposition 10 the wishes of the Senator,
replies to the above in the following de
cidedly rich and very brief epistle:
WASHINGTON, Sept. 7, 1857.
NJ Dear Sir: | have received your
letter of the 4th inst, by which
you seem to apprehend that should
| appoins Mr.. Cuts 9l Comptroller,
this appointment might be charged TO
Illinois. You need entertain no appre-
hensicn on the subject. Should | make
the appointment, which is not improba-
bic, ii will be my own individual ap-
pointment, proceeding entirely from my
regard for Mr.. Cuts and his family,
and not because Senator Douglas has
had the good fortune to become his son
in law.
From your friend, very respectfully,
JAMES BUCHANAN.
Hon. S. A. DOUGLAS, Chicago, Ills.
As a nation, we have run in debt this
year alone, about Sl25, 600, 900.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
FITS! FITS!! FISH!
DR.. HANCE'S VEGETABLE EXTRACT
EPTLEPTIC PILLS.

For the cure of Fits. SsGSms, Crszps and all Nervous
and Constitutional DissaSss-
Persons who are lahOring und, r this distressing NAL
ally will find DR.. HANCE's VEGETABLE EPILEPTIC
PILLS to he the only remedy ever discovered for cur
ing Epilepsy or Falling Fits.
These pills possess a specific action on the nervous
system: and, although they are prepared especially for
the purpose OF curing Fits, they will he found of espe
cal benefit fOi all persons Athlete | with weak nerves.
or who e nervous system has been penetrated or shat.
tered from AIRY cause whatever. In chronis com
plants. or diseases OF long standing, superinduced by
nervousness, they ore exceedingly b. neicisl-
Price 50 per box, or twO boxes for 81 Persons out
Of the city. enclosing a remittance. Will have the pills
sent them through the mail. free OF postage. FOR sale
by SETH 5. HANCE. No. IO5 BALTIMORE STREET,
b tltimore. Nd TO whom orders from all parts OF the
Union must he addressed. post paid.
Inns 81 -
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
To Cur Correspondents.

We receive many favors from u
friends which we are compelled TO de-
cline for various reasons. We do con
slider them %favors. although We refuse
to publish them. Some are well written.
but the subjects on which they treat
have been worn ~threadbare, and our
readers would be bored. Some are de.
cidedly inGdel, aud ridicuIe religion, and
we shall publish nothing of the kind
Many are written by very young persons
and though containing some fine pass
ages, and bearing evident marks of tai
ent, still. they have great faults. Some
are full Ct Grammatical errors, and errors
in photography. Others attempt philo
sophieal disquis.tions, which are entirely
beyond their reach. Others belong 10
the sentimental school, and abound in
moonlight, flowers, sunbeamS, DC all
of which are pretty in their places, but
sometimes difficult TO put in their right
place. Others give US their bitter, long
experience. ne or IS years DID, in a
hearlless unfeeling world. which they
will find a tOlerab,y good world after all
when they grow older. To this class Of
young writer's. W e would say, go ahead.
Do not be ~di.heartened because you,
articles are declined, once, tsice, or a
dozen times. Experience and perseve
rance are the best teachers. Consider.
too, that the fault may be more in our
judgment than in your productions
Others may judge mOre wisely and class
them among the best.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21

Among the failures of the day is that
Of the Illinois Central. This road is an
example-perhaps the strongest one
which can be given-of the extent tc
which a fiction can be carried in a great
commercial enterprise. The govern.
ment granted 2 300, 900 acres of land TO
the road. At the time Of the grant So
an acre would have been a high price.
But circumstances favored the company.
They managed to borrow seventeen
millions of dollars on that grant. At
length The road was made-72O miles
in length, altogether. Bat the road is
not able 10 pay expenses, and a floating
debt was continually accumulated. for
which some three or four millions more
were borrowed. They haze now q debt
Of about $50. OOO, 600, on which S1.4OO,-
QUO has TO be paid annually. This inte-
rest accumulatcs rapidly, and although
the lands have at first sold for S13 an
acre. yet the company gets more in debt
till ii is now evident the stock is intrin
sically worth nolLing.-C Cincinnati Gaz.
The PRIvATE BANKERS MEETISG.-
We give below the proceeding at a
meeting of the private bankers of this
city. The action taken by this meeting
is worthy Of honorable men, and we are
pleased TO record them.
A meeting of the private bankers of
this city was held to-day at the office of
Hall. Eells IL Co, at which the follow
inS resolutions were offered
RESOLVED, That, IN the present state of
monetary affairs in this country. the sus.
pension of specie payments by the banks
Of the State Of Ohio would be a great
public calamity, and that it is the duty
of all good citizens to do all in their
power to avert such an evil.
Resolved. That in the opinion of this
meeting, all the banks in the State, not
having already suspended, are entirely
solvent and able TO maintain specie pay
ments, unless unduly pressed for coin
for speculative purposes, aud. therefore,
we deem it a duty that we owe to the
public in the present crisis, to aid the
banks to maintain specie payments as
We may be able.
RosoiUSi, That we will not, either
directly or indirectly, within sixty days.
after the l7th instant. for ourselves or
others, return for redemption in coin or
exchange, the notes Of any of the banks
in this city or the States of Ohio. Indi
ana or Kentucky-and TO this we pledge
ourselves 10 each other and to the pub
lie.
Resolved, That the e1igencies of the
times imperatively require similar action
TO the above by bankers throughout the
State.
After some discussion, the resolutions
failing to be adopted unanimously, were
agreed 10 by the following firms:
WHITMAN. STANDARD Il Co.,
A. NJ PERRY & Co,
J. HERDMAN & Co.,
A. SURGE,
FAYETrE BRowS,
BocKwAY, WAsoS. EVERETT L Co.
HALL. EELLS Il Co,
H. B. d. H. Wick & Co.,
A. Nj. EBERMAN.
II. L. WHITMAN Il Co.,
There being o further business, the
meeting adjourned sine de.
N. NJ. STANDARD, Prest.
DAN. P. EELs. Sec'y.
CLEVELAND, Oct. 16. 1857.
Cleveland Herald.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21

EMERsoE's MAcAzrE d PurNAE's
MoNTnLY.-Terms 50 per year; two
copies So; five copies $40.
These two Month.eys have been con
solidaied, and in their union will form a
very attractive periodical. The publish
ers say that no pains or expense will be
spared to make it a worthy representa-
ton American Literature and Arts. Ii
will be purely national in its character.
and will preserve a wholesome moral
and religious o n throughout. The 0c-
to6er number is illustrated in the style
of the last numbers Of Pullman.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
Minnesota and Iowa Elections.

The returns from Minnesota indicate
the election of Ramsey, Republican, for
Governor.
lowA-Twenty seven counties heard
from. Indications are that the Republi-
cans elect their ticket by 5000 majority;
a democratic gain since the Presidential
election Of 5000. The Republicans
have a majority in the Senate. House
in doubt.
INDIANA In the 10th Congressional
District, Case. Republican, is elected by
goo majority.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
Union Line Express Company.
MMH%~@#@E

THE ABOVE RELIABLE EXPRESS
l. would call the attention Of MERCHAMTS, BANK
Frs and MANUFACTURERS to the unsurpassed faeil-
tiles now at their command. for the safe and speedy
Evaporation of Merchandise, Bank Notes, 1eselrJ.
Gold and Silver Coin. Packages and Parcels 70 and
from all parts Of The world.
II ? The Union Line Express Company IL now send-
ing an experienced Messenger daily between Clsvs-
land and youngstown. over the Cleveland L Aaho-
ming X. Il accompanied with an I-Os Safe. for the
protection OF valuableS. Making a direct connection
at Cleveland with reliable Messengers for Pittsbcryh,
Philadelphia. Baltimore. New York. Boston. Detroit.
Buffalo. Chicago. ST. Paul, ST. Louis. Columbus. Gin
einnatS and New Orleans
This Company will carry srisrs free, and re.
turn by first ErPresS.
II Bills Of Collection taken with Merchandise
Drafts and Notes collected. ana proceeds promptly
returned. WI. HEWITT. Travelling supE
For further information regarding tariff. rates &C.,
ORrER K SON, Agents.
New York Book Store. Warren, o.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
sheriG's Office, Warren. o,
CHERRIES SALE

~ BY virtue OF a renditioHi srpszas. to ne directed
and delivered by the Clerk % The Court Of Common
Pleas of Trumbul County. Ohio. I will expose to pub
lie sale. at the door OF the Court House, in Warren,
Irumhull County. on SATURDAY.. the 9Th day Of NO
MEMBER A. D. lS57. between the hours Of ~ o'clock
A. VI. and 4 p ST.. OF said day. the following described
property. to wit: 4 second Mortgage Bond OF the
Cleveland and MahOning Rail Road Company. No.
1875, dated September Is. 1854. for the sum Of Ave
hundred dollars (S5UO) with interest thereon At the
rate Of : per cent per annum Cess three installmeEts
Of interest of Si7. 80 each, which has been paid. PRIOR
to the said levy) Also. a certificate Of stock in said
Company for the sum Of one thousand dollars (SlOt0,N
dated August 9TH, 1859. No. -. Also, two SOrrel Colts.
two years Of age. two Bay Mares years OF age, and
two Chestnut colored Mares IL years OF age.
II. HARMON. Sheriff.
Sba-.n., OT.a Wa-ra, Orf OF r5-Hw-o Ia
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21

Tha Iowa City Republican states that
farmers are offering wheat in that city
for 40 cen n bushels, and cannot find
purchasers. The Republican adds, "the
same state of facts is reported Of the
Muscaiine and other river markets. gen
orally Of the state"
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
OALE OFF REAL ESTATE bv order

~ Of COURT-On the Goth dav Of November, 1857,
between the hours Of 10 o'clock A. NJ and 4 P. u. on
the premises at Newton Falls. Trumbull County, Ohio.
will be sold to the highest bidder, the follosing Real
Estate, rs the property or Anna Pesse, deceased. 10
wit: Situi tie in the township OF Newton. in the county
Of Trunbull and State Of Ohio. and is part Of lot Ne
50. of a tract Of land laid out into a town PIatt by Jua-
son Garfield, being the west end Of lot X. in said lot
S.. and is the same land conveyed by Robert Green and
wife to John Harsh. August 18th. 1870. see Record OF
Deeds. Book 46-pages 33 and 3e4 in Trureull County
Records. Appraised st 8. Terms Of sale--one-
third cash down, balance in two annual paynents,
secured by mortgage on the premises.
ORG
Oct. 2I. 5 Admr OF Anna Peass, deed.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21

HEIDELBERG. Sept. II, 81.
Ny dear -: Weeks have now
passed since l have seen a letter or news
paper from home. During this lime
have been travelling away from news
and am cow famished. On my arrival
at Antwerp | trust to find letters at last.
l have been ra%nsacking Switzerland
| have visited most of lis lakes. and
have crossed several of its mountains
on mule back. My strength has not
allowed me to venture upon any of those
foot expeditions which are the charms OF
Swiss travel, and by which you reach
places out of the way ; but | have seen
much, and have gained health cons
family.
l have crossed the Alps by :he 81
Gothard, snd ihen re-crossed by the
Grand St. Bernard, passing a night with
The monks and dogs | have passed a
day at The foot of Mont Blanc, AMI an
other on the wonderfu full Lake Leman. l
have been in the Pyrenees. in the Alps,
in the Channel Isles. You will next
hear OF me in the Highlands of Scot
land.
L see ouc politics now in distant per-
specIive and | am more than ever sat-
isfied that our course is right. IL is
slavery which degrades our country and
prevents Its example from being all con
queriug. In fighting our battle at home
w are fighting the battle of freedom
everywhere. BE assured | shall return
not only with renewed strength, but with
renewed determination TO give myself to
oar great cause!
Ever sincerely yours.
CHARLES SUMgER.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21

NEW ORLEANS. Oct. IA still fur
Their decline has taken place in the Get
ton market, and the fall IRON the highest
point of the season is now six and a half
cents per pound. The sales in this mar
ket since the 7th have been 10, 900 bales,
and the receipts during the anne period
$4,000. Exchange continues nominal,
but sterling has further declined. We
nov quote bills on London al 90@95, or
SOLO per cent. discount.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21

SUSPENSION OF THE IRON Mills AT
WHEELING.-The La Belle. Belmont aud
Missouri iron works at Wheeling are
about TO suspend operations. The Ores
cent mills it is supposed will also suspend.
The Washington mill which msnufac-
lures only railroad iron, it is said will
not take that step. The difficulty with
the iron manufacturers is that they have
sold large amounts Of manufactured
goods, but The notes received from pur-
chGsers have not been paid. They have
any quantity OF orders, but there is no
telling whose notes will be good three or
six months to come. Hence they have
concluded TO suspend operations until
they can see their way clearly.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
CHERIFF'S SALE.

~ UrGcT OF SAFE N AtL4cHmcnI-
Jennings, Reed & Gel Jennings, Reed & Col
vs.. Va
Lord Wellington ears S. q L. W. hears.
By virtue OF two orders orsale. issued out OF the Court
Of Common Pleas OF Trumbull County. Ohio, TO me
directed and delivered. I have levied on. and shall
expose to Public Sale. at the door OF the Court House,
in Warren. in said County, on the 2lst
day Of A. D. 1857. between the hours OF
10 o'clock A VI and 4 O'Clock P NJ, Of said day lot
OF land situate in the Township Of Bloomfield. in said
county. and is bounded As follows, viz: On the vest by
the centre road leading from Bloomfield to Orwell and
lands Of Richard Humphreys and Charles Russell. on
the north by lands Of stephen Symns, on the east bv
lands OF Marvin Brown. and On the south by lands Of
job Griffin, and supposedto contain within said bound
aries two hundred and thirteen acres Of land Apprais-
ell At S23 per acre.
II. R. HARMON Sheriff.
Chair. nr.o IT,, n-t Of sS-Sw
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
sUTLIFF & TCTTLE.
Aftnrnexa for PlAinti6l.
4 LMOND PARKER Administrator
L Of Renianin Parker. deceased.

vs..
Oliver Parker, Hiram A. Parker. Lucy A Parker and
John Anderson. Jr.
IN PRoBArE COU~RT-PETITI0N TO SELL LAND.
To Oliver Parker, Hiram A Parker and Lucy A.
Parker-you are hereby informed that on the 18th day
Of October, A. d 1851. said Administrator fled his
petition in the Probate Court OF rrumbull County.
Ohio. the object and prayer Of which petition nts
obtain an order. &c. on the 4th day Of December.
1857, for the sale Of the following Real Estate OF which
the said Benjamin Parker died seized, TO vt; The
land upon which said Benjamin Parker resided at
time OF hi, decess-, being part Of Section No. l5,ta
the township OF Kinsman, in said county Of Trunbsll.
and containing about thirty-six and one half acres,
more or less. ALMOND PAhhkk-
Admr. o. Benjamin Parker. deceased.
Oct 81. ,57-4w. BY A. YkoMANs. Atty.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21
THE STATE OF OHIO, Trumbull

The following accounts Of Executors. Administrs-
tors aud Guardians having been hled in the office Of
the Probate Court Of said County, it is ordered that
the same he ADVERTISED and remain for examination
and exc 'ptious until the 18th day of November next.
when the same will he approved and ordered to record
If 20 exceptions are taken thereto, to wit:
James Rrvs final seitlemenk of Executor.
Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1857-10-21

TERRIBLE DEATH OF AN AMERICAN
LADY AT Moxr BLANCA correspond
ent of the Manchester (Eng.) Guardian
gives an account of the ascent of Mont
Blanc by a large party. among whom
there were several Americans, one of
whom. a young lady named Tralaway.
slipped over an ice precipice and fell
hundreds of feet into a assure, where
she must have been dashed to pieces
Living or deal however, no assistance
could be rendered her. aud there her re
mains mus, lie until the last trump shall
sound.