New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-11-16

with employees. more being in il than can he
fully employed, yet any number OF outsiders were
promised berths as the reward OF success. Thus
ever public institution becomes prostituted into
engine for the perpetuation of the power of the
Sham Democracy. Yet this trifing success in the
Charleston programme IL meager equivalent for
the renewed and stunning overthrow they have Just
received in New-YOrk and New-Jersey. Those re-
suits were not written down part OF their phOsO-
phy Browns raid in Virginia has not turned up
the trump il was expected TO be- and the party now
begin 10 suspect they have that matter into the
ground. As the past campaign has covered ali
their batte-grOunds with broken hopes so the future
looms up as glOOmly TO them as 1t does glOriOusy
10 u.s.
The heirs of Stephen Girard ever since his death,
not satisfied with the egacies gwen TO them under
the WILL have sought TO recover from the city GER
tain portions of the property bequeathed to T.
They did succeed in obtaining one or two yerdicts
for uncomfortable portions. II appears that they
are still on the watch, for they have now filed bill
i'm equity taking ground that the consolidated city
has no right to hold in trust the various requests
made by Girard. The old city has, but not the new
one with its enlarged boundaries, and thereuPOn
depends another long and costly litigation.
There is no liveliness, no wholesome activity in
our money market. There is plenty of capital but
not the right kind Of demand for it. AS trade stag
mates, so money becomes sluggish. People are more
afraid of stocks than formerly, and are beginning
10 get syer the horror of the banks which struck
them two years ago. As 10 railroads, they see that
but few of them recover, and so generally let them
slide But the banks have nearly all got up to the
old notch, and have just made fair dyidends though
less than in May last. The coal stocks are down,
though coal has gone up within fortnight and the
story is that there will be short supply, even with
a million tuns more brought TO market than year
ago. There ia certainly more money 10 lend on
mortgage than has been known for years.
Prime mortgages are salable at par, yet
there are others just as good, but less
known, which can be bought at ten per cent
off. The note brokers find their occupation almost
gone. The bulk Of the paper that would sell IN the
street is taken by the banks. Yet there il an under
current of deep shaving always going on. Let the
money articles of the dailies say what they may,
money can be loaned on prime cOllaterals at IO to
II per cent The worst feature of this phase OF bor-
rowing is that it is done to bridge over old gaps,
and is not the offspring of new and remunerative
business A leading operator in city railroads has
been forced to suspend under a large decline in
heavy amounts of those stocks. There has been
perfect Juror to build these roads and speculate IN
the stocks and they have not been long enough In
operation to test their reliability as investments. In
relation to the discredted bonds of the Catawlssa
Road, plan of reorganization has been agreed on
which will prevent all litigation and much loss But
the breaking down of this concern has had most
which are not known, by long trial. to be absolutely
good.
A squad of destitute children picked up from the
highways and .byways were last week sent on by
humane hands to good homes in the West. There
is no employment for such here. Even those IN
better circumstances who have friends, ind 1t diff
ficut to get ANYTHING to do. The fact Is, we are
oyerdOne with workers now turned to dIers. Young
men quit their farms and crowd into the city, sure
of good wages, but getting none. Here they drawl
away whole years of merely occasional occupation.
many times getting into debt as well as INTO wee,
and crOwding the already Over-crOwded avenues OF
industry. There are thousands now OF all oceupa-
tions doing nothing. Try to get smart boy into
store, a counting house, or a workshop, and you
will be everywhere met with the reply that they
would rather discharge q hand than take one on.
There seems to be no more use for the boys-nobody
wants them. The papers contain advertisements
offering as high 500 for situation, as II the ola
English system of requiring premium with an APP
prentice were fastening itself on us. In the midst
of this lack of employment the sufferers seem
struck with blindness as to its cause. No one en-
ploys them, because almost everything but what we
eat is manufactured abroad. British Free Trade
pluts us with cloth and iron whose production at
home would make a city now idle the hive OF con-
slant industry. Every machine-shOp and factory
feels and complains of this unnatural condition OF
things Yet it is curious to note that, while local
industry is dull with u.s. the of the city is
very fiourishing. Last month, the arrivals coast
wise were 1910 while the year before, for the same
month"; they were only 1901, gain of nearly fifty
per cent and this, too under great falling of OF
coal shipments.
1t has been said that the annals of the poor are
short and simple, but they are sometimes curious
study. Among the lOng-established benevoences OF
this city is the Fuel Savings Society formed for the
sole purpose of receiving from poor folks their dimes
and half Dimes when they have them to spare, TO
be laid out in purchasing fuel at wholesale rates,
which they receive during the Winter. The good
this hing has done for nearly thirty years marvel
GUS cent day buys one tun of coal; cents
for 10 weeks entities the depositor TO half tun, and
II cents to a whole tun. Those able to buy their
own fuel are not allowed depOsitOrs, nor VIII any
deposit larger than 80 cents be received at one time,
nor more than 50 in any one month, nor more than
the price of three tuns in one season. III Is Tor the
poor exclusively and DID of them used IT last year,
depOstiug 81 lSS and drawing :S23 tuns OF prime
coal The families of the depostOrs numbered ~
men, 246 women, and 400 children. OF these %
were washerwomen, AZ sewing women, with females
in various other positions. 1t may well be doubted
if the same amount of money could be handled,
without cost, as this is, and do half as much real
good.
A singing rebuke to Pittsburgh reputation was
last week administered by our Brokers Board, IN
their refusal to permit the passenger railroads OF
that city to be enrolled their stock list The bad
faith of Pittsburgh in relation to her railroad bonds
was the cause of the refusal