New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-06-15
FROM ILhDELPHIf.
r,sm Our Own Correspondent

sfPepnsylyania politics, and gives far = 'oAo" u
"qoody day Tomorrow AL the elements VI W
position 10 the Administration are coaieschs WIN
harmony that promises to pervade the entire o'a,e
The variou, orpani zations-the American the ne
nnbucsn and the Peoples-by their accredited
COMMITTEES, have called on all ciuzehS OYpo'U1
"to tie present National Administrator e'Peoa'"
"to its despotic and fraudulent LecomP'on Ponc!'
.. and its willful neglect Of the just claims oil ID
4. nestle Industry; and who are IN favor Of the
&" Sovereignty Of the People over their own local
:. copcefus; ofAmericsn Institutions as against the
.the policy and intrigues Of foreign Governments,
"and Of adequate Protection 10 our Home Labor,
10 meet and appoint delegates TO State COnven-
ton AT Harrisburg on the 14th OF July, to nominate
candidates for Judge Of the Supreme Court and
Canal Commissioner.
Tie call ola Convention on the Sth Of July, issued
by the American Republican Committee, Is with
drawn and thus the new call is united III by every
shade of the vast opposition which exists IN Penn
sylyaDia 10 the rule of that tOteTlng mbeclle who
has been impudently called her iavOrlte son. No
intrusion can occur TO break in upon the harmony
Of this glorious cementation Of all forms OF hostility
into one great Peoples Party, whose mission 1t Will
be 10 regenerate Congress from the dominion OF
men who have so grossly msrepresented us.
ftfiklDE feature III tUc COulng Campaign VIII W
question of Protection to American Labor. Hun
dreds Of furnaces and FORCES are IDLE, and nun
dreds Of the shops and factories of this city are
working short Of hands. The coal interest Of the
State is depressed beyond all former example. The
feet Of vessels which crowded the wharyes at Rich
mOnd, tie shipping point OF the Heading Railroad,
has disappeared. The New England factories want
no more coal, because no one Is able to purchase or
consume their fabrics. The cause OF this runous
stagnation is known, and the policy which forces 1t
on the people will be vigorously resented at the
polls.
Meantime, though money, according to the news
papers, continues abundant business is deploraOly
stagnant. The shipping interest is uncOmmOnly de-
pressed, and business of most kinds along the
whnryes is not paying expenses. The old American
dry.gOocs commission house of Thomas * Martin
has resumed payment, and will 60 ON and prosper.
This resumption is Ole of the bright spots on the
horizon of trade. / understand it peremptOrly re-
fused to compound single debt, even when com
pounding could have been done TO great advantage,
but insisted on payment in full Other houses have
been lass successful in realizing their assets, and
are quietly closing up and abandoning business.
The great dry goods houses 10 longer exhibit the
plehOrc assortments of two years ago. and cash, IN
spite Of its Ieputed abundance commands huge
discount from all regular prices in the purchase of
merchandise. Some houses here which for years
past have sold exclusively for cash, even now are
doing q large and profitable trade. The re1ulsOn
caught them owing nothing, and with nothing
owing TO them. They consequently suffered no loss
except in the depreciation of the stock they hap
pened TO have on hand But this was comparatively
small, because they had purchased so low for cash
that this depreciation was quickly made good by the
rapid and violent turns which occurred in the mar
ket around them. These houses stood like rocks in
the general breaking down OF all credit They stood
even frmer than the banks, monuments OF the su-
perOrty of cash over credit. L could mention
Names and give you even the amount of their an
nual sales, but this would be personal and invidoue.
1t is remarkable, however, and worthy to be noted,
that nearly all of them began with slender capltas
and that they have rigdly adhered to cash both III
buying and selling.
The peryading dullness is about being aggravated
by the annual stampede to the watering places and
mountain retreats. All these have multiplied with
the railroads until good stingiDg-hOt June almost
depOpulates lis, easily can thousands get away
from the city. Money, however, is rather too
scarce among the masses TO justify the Wholesale In
dulgence of former years. People still continue to
economic: bills are TO be seen on houses all over
the city, showing that families have either migrated
TO other places or have turned in double or treble
Yet the faith i'll future is so strong that capitalists
are investing money in new buildings TO an extent
not anticipated four months ago, the great STUDY
beng TO secure safety to Investments, even az
moderate rate of interest. AS to stocks they are
slngpish and improbable to the spectators, and
were il not for Reading Railroad, their occupation
would be almost gone. Its vibrations within ninety
DAYS have been terrific, at least TO some, but quite
as satisfactory 10 others. What Will be the end OF
Reading, it Is probably not difficult to say.
traverse the whole road at least i've times every
month aud see and learn good deal OF It's condition
and prospects. Rival routes have Injured this mag
nifcent highway, aud impaired its once undispuled
supremacy. 1t is now doing greatly reduced
amount of business This added 10 the great un-
certainty in the future, no demand for coal, re-
duced prices and increasing competition from new
routes which compel further reduction of tolls,
all cOnspire to keep its stock down to "a ve7y low
figure 1t is much to be regretted that this Com
pany have kept their eye too exclusively hXed
upon the single staple of coal, and, while ca
tering for that, have overlooked the value OF
way-traiiic that might, by proper fostering,
have been made to grow up along the line OF
the road. No proper pains have been taken to de-
yelop the immense natural advantages of the ri IN
country through which il runs. It's mineral wealth
il unlimited, the whole volume of which would have
rolled over this road to the market. In seasons
like the present, when the coal trafi Is compare
lively stationary, this local trade would come 10 to
keep the treasury abundantly supplied, had 1t been
stimulated and encouraged as it ought to be. In
deed, il may be assumed that if this matter had
been nursed up from the opening of the road until
now, the road could see the whole cOatrade pass
of by rival channels without at all impairing Its
revenues. Even at this late day, 1t Will be found
tie true policy Of the Company to change their
whole proceeding with reference to their local tra
fc, and thus make up by future caretuness for the
lapses of the disastrous past.
One villainy after another, committed in our COurs
Of Quarter Sessions, comes before jury for trial.
until the thieves and perurers may take rank in
aud hor1 bod ~ n,4a