New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-10-29
NEW YORK CORRESPONDENTS.
Ngw YoRk, Oct. 20, 1858.

a
Of terror The streets were thronged by masses
hungry men, crying s'hread OF blood" Wall stree
y was the scene Of financial earthquake House
p we're smashing byscores, banks suspending paymen
a and public and private confidence for the time SCENE
IS obiterated. What a contrast with the present nj
ment Hardly was the country palsie,i when its rs
Cooperative energy was brought into action, and til
public pulse began to throb with new life and brighte
prospects To-day, money is begging. Rates Of in
terest have come down from eight and ten per CEN
per month to five ands six per cent q year; commerce
is reviVing, real estate is rising in value, improve
ments are in progress on every side, and the mos
substantial signs Of prosperity are visible The feve
q speculation Is just now raging in the stock market
especially in those railroad and other stocks whie
are regarded as possessing a fictitious value ant
though there are few individuals who would care Il
be bound to hold share Of this speculative kind
property for twelve months from the day Of purchase
there Is nevertheless the crazy desire as of old
to invest and trust to the exgences Of trade and the
imitation Of the dangerous bubble for speedy returns
Inc past has been very busy week, even for New
Workers Every day has witnessed its excitements Of
\ one kind or another, and of military, fremen and
civil parades there has been an absolute plethora.
Target companies especially, are out in larger mum
bers than usual, and we have had more magnificent
displays of fire companies both by day and night than
ever before, beginning with the cable celebration and
ending with one on Saturday night, it being on the
occasion of the reception of the Hope Steam Fire
Company from Philadelphia, in which large portion
of the New York department participated The
PhiladelphiaRs brought acompact little machine with
them, and in trial Of its qualities yesterday at the
Merchants Exchange, they satisfied the public, not.
withstanding its grudge against the use Of steam,
that it was not such humbug as it had been accred-
tied.
Apropos to this subject, steam fire engine has Just
been completed in this city at the instance of the au.
thortes which, in addition to its ordinary properties
possesses the valuable adjunct Of locomotion, and
travels off at the rate of six or eight miles an hour
with as much traetibility and obedience as well
bred horse.
Il is also the season for the annual inspection of
the military, and for the last ten days one or more
regiments have been daily under arms for the pur-
pose, A brilliant display took place on Monday, on
the return Of the seVentyrst regiment from Staten
Island when they were received by the seventh.
The latter corps turned out over thousand men on
the oecasion-the largest number that has appeared
on parade since its formation
The seVenty-frst have been superseded at Staten
Island by the sixty.ninth, an Irish regiment. The
substitution is very ungenerousy complained Of by
the Staten Islanders, because the military are mot
their equals in social point Of view.
The commissioners who came to New York re-
Gently to invite the return to his native country of
the Venezuelan exile, Gen. Paez, yesterday called at
the City Hall to bid formal adieu to the munich
pal authorities, and to express the gratitude of the
Venezuelan people for the hospitality which has been
extended to the patriot during his stay in this coun
try. The commissioners inteld giving supper to
the Mayor, Aldermen and Council On Saturday.
The rescued passengers Of the steamship Austria
fortytWo in number, who arrived here in the British
war steamship Yalorous have been generously pro.
Vided for by the company, and their destitute eondi,
ton alleViated as far as it was possible to do So
Their expenses have been paid during their STAY in
the city and they have been furnished with necessary
clothing, and with free tickets to any part Of the
country where they desire to 60.
The Governor of the State has refused to interfere
with the course Of Justice in the case of Ira Stout and
the boy Rodgers, both under sentence for murder.
The motion for the arrest Of Judgment in the case of
Jancemi, convicted Of the murder of the policeman
Anderson, and who mas already been tried three
Times has been argued before the Court Of Appeals
The decision will not be rendered before December.
The medical lectures in the several institutions Of
The city commenced this week, An unusually large
number of students are present
The prize fight between Morrissey and Heeuan,
which s doubtless in progress while l write is ex.
citing intense interest, and is an almost universal
theme Of speculation. The hackers of both cham.
1ions are sanguine, and bets are about even
The Receiver Of Taxes is just at this time one Of
The busiest men i'm the CITY, The anvietv nf tho toz