The emigrant aid journal of Minnesota. [volume] (Nininger City, Minn. Terr. [i.e. Minn.]) 1856-1858, 1858-01-27
Business Matters.

.Ihe New YORK weekly BANK average continues to
show an increase of the unprecedented specie reserve,
the average now exceeding thirty millions, an increase
Of over twenty four millions since the day Of the sus.
pension Of the banks.
A letter from Lowell to the Boston Traveller, says
The spindle city is gradually r~esuming its steady hum
of industry and wonted business-like appearance. With
the exception Of the unfortunate Middlesex-mos of
the mills are in a running condition, giving the ope-
rators from two-thirds to full time The cold snap and
light furry Of snow, which, by the way, is giving US
excellent s~leighing, has had the effect Of making trade
look up, for it has brought in a good sprinkle OF our
rural %neighbors, who, with their produce generally have
a little ready cash on hand for Investment in dry goods,
groceries, &c, which it does not always pay to take to
Boston.
All departments of the immense iron works at Boou-
ton resumed work on Monday. For the last two months
only the blast furnace has been in operation, the pud-
ding furnaces, nail factory, keg factory, &C., being
closed! The number Of hands employed, when these
works are in full blast, is something over 500.
The Fall River Mills, nine thousand spindles, ut
Providence, is running full time on print cloths. So is
the Anawan Mills, also nine thousand spindles, making
print cloths. These mills have been running full time
for a month or more. The Metacomet is also running
full time.
The iron works Of Crcsson, Stuart 4 Peterson, at
Philadelphia, have renewed operations, employing ITO
hands. The number of workmen will be increased in q
fsw days to 325.
Summary Of News.
II is estimated that the recent crisis has destroyed in
the United States, one thousand million dollars of spec
~uative values in other words that amount of supposed
property six months ago, has passed away--vanished
into thin air.
The mercantile features alone represent one thousand
millions of liabilities, sustained by only one quarter of
that amount Of assets. To this sum be added, and for
the depreciation Of railroad stocks and bonds, three
hundred millions. II
The assets Of American ~bankrupts equal rty-eight
cents on the dollar; Of British bankrupts twenty cents,
and European bankrupts twenty cents, showing that
rccklessly or deeply. or dishonesty y, as their brethren
on the other side of the Atlantic.
The Central American Emigration Company has or
ganized in Washington. A New York capitalist has
been chosen President. They expect to send ~emigrants
to Central America within the year, to found two sub
stantial seaports at either extremity Of the Nicaraguan
route, and to put them into profitable relations with the
agricultural interests of the interior.
In relation to the surrender of Sol. Anderson, who
had the command of the 6llibusters after the capture OF
Gen. Walker, it is stated that Commodore Paulding
sent several armed boats up the river to Fort Castillo,
and commanded And rson to surrender. While nego.
tiations were in progress Anderson sunk one of the
Lake steamers III ~thirtyfve fathoms Of water, and be.
fore surrcndering blew up the fort and destroyed all of
his ammunition.
Judge Goodloe, of Lexington, KY, delivered an i'm
portant decision lately, affecting the right of naturalized
citizens, the point Of which was, that all foreigners,
whose naturalization papers had not been issued by the
United States Courts, were not entitled to vote. The
case was carried to the Court Of Appeals.
Prof. Hedrick, who was driven from the North Caro-
lima University for his support Of Col Fremont, has
received the appointment of third clerk in Mayor Tier.
mans Office.
The Secretary Of War is understood to have been
very busy of late with the of preparations
to reinforce the army in Utah at the earliest possible
moment after the spring shall have opened.
Commodore Hiram Paulding comes honestly by his
skill in arresting unlawful expeditions. His father was
that celebrated John Paulding, the Peekskill farmer,
who was one of the three captors of Major ANDRE
Hiram was born in Westchester county, and early in
life entered the Navy, where he has gradually worked
his way up through the grades Of Midshipman, Lieu
tenant, Commander and Captain.
In the neighborhoca Of Geneveva, Freeborn County,
there have lately been a number Of cases of small pox,
ending fatally in two instances.
The present Shah of Persia, who is a great patron Of
Oriental caligraphy and water-colnrs, is engaged on the
execution of a work, unique in its kind. 1t is a copy of
the Arabian Nights Entertainments, written in the most
gorgeous style of Oriental caligraphy, to which are
added some tales, wanting in the original. A society
of native painters have also been engaged on this work,
for the last seven years, at Teheran, the cost Of which
amount already to 300, 900 francs.