New-York daily tribune., 1861-05-16
FROM PHILADELPHIA.
a Quiet Regiments No,iug-Gen-
eraI bankrupt Enw-Banks and Finance
baltimore liquidation BcnuFegard
From Our Own Correspondent.

PHILADELPHIA, May H. 1861.
In military and political in the best
possible frame of mind. There is of that restve
chafng impotence 10 have something doing, which
kept the public pulse at feverbeat while the mob was
doInina ant AT Baltimore and communication cut of with
Washington. This qgieiness is not owing to being
absorbed in military preparations. These go on with
undated activity, and the drilling now is more i'm
posing than evcg the various regiments are supplied
with arms and uniforms. The Latter are being manu-
factured at an enormous rate. But the public mind
rests in the full belief that the Administration is doing
all that il ought to- that the President is the for
is awful crisis and that Gen. Scott may be implicitly
relied on to do well all that be has in hand. Recent
events have produced this quiet feeling of confidence
the opening Of the old routes through Baltimore the
occupation of the city, and that overwhelming letter of
Mr. Seward 10 Mr.. Dayton, guaranteeing the integrity
of the Republic and proclaiming that thought of its
division had even been entertained Thus feeling,
are content to wait the progress of events the Adj
minstration may think it cafe TO develop them to tue
nation. 1t il perfectly miraculous how all shades Of
ancient political opinion combine in this quiet patient
confidence in the Government There is no longer
party designation used. You neither see i in the
papers hear it in conversation. We have fused this
vast population into homogeneous brotherhood, n unit
for the Government, and of the most astonishing
incidents of the tme have learned let the Pres
ident keep his secrets, and to wait confdingly
until he selects the time 10 speak.
Now, as regards the military spirit among ne. Yes
terday orders for the marching of three regiments
TO Washington These have been quarered in various
large buildings about the city, where for three weeks
past the continued wet weather has cooped them up
most uncomlortaby though severe drilling has been
going all the time. Two or three times they had
been ordered TO move, but the order was counter
mandel Their impaticnce to 80 had been aggravated
by this disappointment. So, when the order 10 move
did really yesterday, such rompng, ranting,
Joyous frolicksomc and halfcraZy get of fellows were
All last evening perfect jubilee. To-
day. ten thousand Of their wives and sweehearts were
on hand at an early hour, to have many last words
iis possible, while other ten thousands of citizens
tbronged the streets them off. These men are
ablc-bOdied fellows mechanics aud laborers-and are
well equipped. In addition to these is the City troop
Of Cavalry about l00-our crack aristocratc company
which did memorable service at the battle of Trenton
aud "A well drilled and valuable body of men. They
are also ordered oil. But, the Black Hussars troop
of heavy cavalry 300 in number composed of Germans
are great iayores with u.s. These stalwart men have
most OF them seen service in Europe. They need more
horses before they can take the field As all these
troops leave us their places are quickly supplied bv
others. Indeed the anxiety to be enrolled is of the
wonderful features OF the time IL is perfectly evident
now that Pennsylvania could supply 100000 men, most
of whom would be willing 90 with clubs only, if
rifles were not to be had.
very powerful movement is going on here 10
the passage of Bankrupt law by the July Con-
cress II Is said that the books of the various Com
ercia Agencies there the of 10 000 business
men whom the times have prostrated all the
try aud Tor whom there il no recovery chance for
future usefulness except by Bankrupt law. This
large body of men will be invoked 20 petition
Congress for relief Indeed the condition oi The whole
country will require measure Of the kind before
long. The proposed law is very different from the last
winch was enacted temporary expedient, while
his is intended TO be permanent. II allows all the
State lnsolyent laws to stand exactly they are, thus
permitting local legislation practically TO control the
terms on which bankrupt may be discharged. But
is great feature is that when such have passed the |
State Courts the Bankrupt law makes such discharge
good for the whole Union. As the law Ii very short, |
md is now of great interest TO thousands OF your read
ere, give il in full
sgo Re snaetd That every person who has here,oqte
obtained may any time aer the passage o his ACT Obtain
under the present on any nsolyen Ia ss Of
me of the United shah entitled to e his petition In
.y District the United States In and or the District
such person shall reside setting forth, under oath or ait
aon the fact his discharge aforesaid aud praying to be
leo sed bsnkrup, under this Act And, heeupo shs he
me duty of the said Court inquire into tho truth OF the TACT
yened In such petition whh the petitioner insolyeut dis
hage daily cesthed under State law Aforesaid shall be
oncn.ve Aud II shall appear to said Court that
he said been discharged under State nsolvent
a as Aforesaid said District Court the United States shall.
hereupon decree declaring the petitioner bankrupt
ier this act the Clerk Of said Court shall when thereto
luestrd give Certificate Of such decree.
Sgc g Every petitioner receiving certificate under this act
hail. IL addition " the privileges conferred BY any iDsolyent dis