The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-07-19
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CL Il WV CLlN Il y.
The ENGLISH PANIC AND HIDE AND LEATHER TRADE
! OF NEW YORK.-The news received per Vanderbilt
OF the panic in the hide and leather trade in Eng
Iand, caused by the suspension of several of the
eauing houses in that line, has had a very depress-
| ing influence upon the market here and holders as
wen as the trade refuse to operate for the present
| biab M iueht mat the price of hides has been too
brn al, over the world, aud the European markets
| rates M"st nS rumental in sustaining the high
| ii us oi the trade there have speculated
IalSey, anu advanced the price of the raw mate
! rra TO an extremely high figure This snacuiation
tb En;h hn" oI the embarrassments among
rators who have caused the initiation in nrrices of
both the raw goods and manufactured articles ha va
been removed, very material depreciation in the
value of both commodities NAV be expected On
the other hand, the New York traders have been
curtalllDg their operations for time past and
at present the liabilities of our Swamp houses
are comparatively small. They stand on a safe and
1lrm basis, and no need have fear about the
solVency oi Swamp paper" The effect upon
market VIII be good one for while it will tend to
put hldes down to living, paying prices and cause
very large reduction in the hide producing coun-
uies IL cannot have any serious influence on the
price OF manufactured article as the stocks in the
hands OF our Swamp merchants is not large and
the boot and shoe manufacturing interest Is in a
so4u Postlon. mat material reduction will have
TO De submitted to upon present large stock of
hldes IS apparent, as they have been selling at from
three to four cents per pound than they would
orlng when manufactured into leather, and large
losses nave been sustained all the hides sent out
to tan during the last twelve months.-Neac York
Herald July II.
STORY ABOUT BURTON.-Mr. Burton was very
determined man-as unsurpassed in retort and sar-
casm. While lying in his last sickness brother
actor-inferior and unfortunate-called upon him
10 claim payment of some disputed salary account,
arising from Mr.. Burton, in his managerial capaci-
". Being admitted to his room, the actor pressed
ms ms claim Mr.. Burton refused to recognize it.
Then the former, wa ming with what he deemed
the brutality of the dying man, forgot the proprie-
ties OF the occasion. ''Mr. Burton" said he tfyou
are dying, and dying rich. / am poor and needy,
and have claim against you which you know /
cannot prove Now do.a good deed, and direct
your people to pay me-" Burton, unyieding to
the last, swore that olive die, survive perish
he wouldn't pay him cent. "Ther,' said the de-
spairing creditor, et tell you sir, that you've
played Toodles great many times in New York,
and got rich by it, but you're going now to play it
in much hotter place than the Chambers street
Theatre" 81 have no doubt, SIR retorted the
comedian, ''that if do find myself in the place YOU
aude to, shall be asked to play at your benefit |"
And so the ended.-N. Y. Correspondent
Chicago Tribune.
THE LAW OF LIDEI.-The suit instituted by the
hon. John p Hale, of New Hampshire, against
the Boston Courier for libel in copying from the
new YORK Times certain structures on his public
career, will present to the judges and Jurors of
massachusetts very grave issue, and one in which
Iue Whole country Is interested. The question to
be determined is, simply, the right of the public
press to comment on the conduct of public men in
their official capacity, and heprotectiou given by
the law OF libel to individuals in their private char
acter and relations of lite. The Senator from New
Hampshire has placed himself by his public acts in
position to have his motives scrutinized; and the
press would be fathess to the people, if it did not
hold him and his acts high up before the bar of
public opinion. If the result of such discussion and
exhibition be the cons gnment of Mr.. Hale to OBJ
scurity, the loss of public respect, he has only
to blame himself-Pha. Pennsyloanian.
How Mr.. WEBSTER SETTLED THE N. E. BOUNDARY
QUEsTIoN.-We have never heard more beautiful
incident in the life of Mr. Webster, than that which
he related to friend of ours 1t was in effect this
"When Lord Ashburton and myself" said that
great man, "sat down. at opposite sides of the table,
entirely alone as both had desired to consider the
Northeastern boundary difficulty, | said to his
Lordshp at my outset, 'My Lord, / wish to pro-
pose to you at the commencement of this discussion,
this simple resolution, TO be adopted before we go
further, namely, that the question at issue betoeen
your country and mine shall be settled dmicably; and
that the enemies of the injtutions and religion of
both shall not be allowed the delight of seeing both
doing their utmost to destroy each other" With
the deepest emotion, Lord Ashburton replied "I
heartily accept the resolution" and at the
time grasped Mr.. Webster's hand across the table.
THE AMERICAN RAILROAD LINE IN BRAzGL.-We
hear that the Americans who engaged in build
ing portion of the railroad in Brazil for the
Emperor, are progressing rapidly and satisfactorily
June started the American portion of the road
to inspect it. The railroad is to extend 300 miles
into coffee district The second section traverses
mountainous range 5000 feet above the level
of the sea. Some of the filings required are enOr-
NOUS while the shafts for the tunneing have to be
sunk in some places upwards of 450 feet, through
the most solid kind OF trap rock. Under the skill
ful Iabors of the gentlemen who now at work
at it, it will be done properly and as speedily as
the character of the work will allow Philadelphia
Ledger.
NORFOLK AND DIRECT EUROPEAN TRADE-The
Norfolk Argus, of Tuesday, states that Mr.. Bonne-
vile, the agent for the Lone STAR now on the way
to France, has received orders from Norfolk mer-
chants alone for goods, sufficient to load that bark
for the return trip.
The same paper also says: well established
wine merchant, with IL plenty of funds, has deter
mined to establish house in Norfolk; and we learn
that gentleman of sufficient means will open a
wholesale dry goods establishment in city at an
early day. These are some of the results of the
Lone Star enterprise, which has done more in the
way of turning attention to the facilities and suita-
bleness of Norfolk shipping port than any
other scheme that has been started or originated
for many years.
THE WASHINGTON AQUEDUCr.-Orders were issued
yesterday afternoon by the Secretary of War for
the commencement of the work the Wash
ington aqueduct. Captain Meigs will continue to
exercise supervision over the work, that it is
done according to his plans and estimates, dsburse
the money for accounts, certificates, &c, and may,
if necessary, employ draughtsman and a clerk.
Captain I'll. w. Benham, of the Engineer Corps,
officer of considerable experience and intelligence,
has been assigned to the post of Chief Engineer of
this work. lie rs to perform, generally, the duties
of constructing Engineer and under the direction
of the Secretary o: War, will appoint his assist
ants clerks laborers, &C., and have the chief man
agement of the work. Washington Union.
A GLASS CoFFIN.-AmOng the late inventions is
clear white glass coffin, by John R. Cannon. 1t is
composed of two parts, each moulded by pressure;
the joint is made true by grinding and secured by
cement so as to hermetcally seal the cavity. For
still further security, Mr.. Cannon binds on the
cover by passing around the whole two or more
metallic straps, to which attached ornamental
handles. When desired also the interior air may
be removed by an exhaust-pump, or displaced by
carbonic acid. 1t is made very cheaply, and may
be ornamented to any extent No substance is
more durable than glass, and nothing will more Sc
curely keep what is enclosed in it.-Au8tin Ga
zette
MORE TROUBLE AT PRoCroRvLLLE, LA.-The New
Orleans Crescent of Saturday says: eve learn
that on Wednesday night Chinaman left Proctor
vile with a skiffload of provisions for little place
called st. Mario eight or ten miles of, where
the Cinnamon rendezvous; and that next morning
the skf was found ashore at Proctorville, with all
the provisions on board, and plenteous stains of
blood. As the Chinaman had not been heard of at
last accounts, the inference was that he had been
wayaid and assassinated whilst taking his lonely
way over the waters. If the conjecture be true,
this will make the fourth man killed since the be-
ginning of the difficulties.
The New York SUNDAY LAw.-Justce Cornwell,
one of the Police magistrates of Brooklyn, has de-
cided that the law against Sunday trading, which
provides for the seizure of all merchandise offered
for sale that day, is imperative because it does
not specify whether only the single article sod or
all the goods contained in the shop shall be
seized. He holds that the statute seeks to deprive
person of his property for an act not criminal In
itself, and by many not deemed to involve even
moral guilt.
NAvAL.-Flag Officer Stribling, with his flag
ship, the Hartford, was at Hong Kong on the 5th
of Nav last The slOop of war John Adams arrlV-
ed at that port April %, from the United States
The steamer Saginaw, to be attached to thatsquaa-
rom had not arrived. The Hartford expected to
proceed to Shanghai in few days, and the John
Adams tn Fnn- -chnu- Ieut. Geo. IL. Cooper has
been ordered to the navy-yard at Portsmouth, N.
H., and Assistant Surgeon Jas. f. Lindsay to the
receiving ship at Norfolk.
RuMoRED NEGRO INsURREoTIoN.-The Memphis
Enquirer, of the Sth instant says: Private advces
received in this city day two since, state that
an insurrecton had broken out in the vicinity of
0sceola, Arkansas, among the slave population
Our informant learned that the disturbances were
quelled but not until several slaves were severely
wounded. The negroes, it is th ought, were insti-
gated by worthless white men.
A notice has been published by the Archbishop
of New York, warning the public against unknown
persons who going round soliciting contrlou-
tions for the Pope. He says those who contribute
aid for the Pope do it voluntarily, and suggests
that persons to whom these imposters apply should
have them arrested and punished
TT-.Nn 81 SIoNaa ha,