The daily Evansville journal. (Evansville, Ind.) 1862-1863, 1862-10-21
10 A letter dated New York. Oct. /;

n6g- A letter dated New York, Oct. 3,
which failed to reach us until the latter
part of last week, contains some items
of interest, which we copy The compli-
ment to the business house of Watts,
Crane & Co. we doubt not is well de-
served, and we are pleased to learn that
our old friend l. A. Crane, with his part
ners, is rapidly accommodating suffi-
cheney of this worlds goods:
Never since the South Sea Bubble
in England has there been such an ex-
element in stocks as New York has
witnessed during the last two weeks
Every kind of stock Government stocks
alone excepted even the most worth
less-have advanced in that time from
five to twelve per cent, and the tend
ency is unchecked, the .furore being I'M
abated. One would suppose that re-
action would soon come, as prices seem
to great extent speculative rather than
real We shall soon see. .....
Its quite evident that financial affairs
are in very feverish and unsatisfactory
condition That the high rates realized
for many really doubtful stocks, while
Government securities are comparatively
low, and advance but little, if any, indi-
Gates distrust of the future of the Gov
eminent, and desire to convert means
into something likely to outlive even its
destruction. This comes of the miser-
able delays and repeated disasters which
have attended our armies-delays and
disasters which here, as in the West, are
freely charged to want of the right men
in the right place-that is, at the head
of our forces.
There are various opinions here as to
the killing of Gen. Nelson, generally
condemnatory of Davis. In the West,
l presume the verdict win be different
Nelson was better known there, and his
infamous treatment of our officers, and
men will enable our people to under
stand and excuse Daviss act. Military
discipline requires that there should be
subordination to superiors in command;
but it also requires that superiors should
treat interiors with consideration and
humanity; and it is not in human ma
ture-at least not in Hoosier human.
nature-to submit to uncalled-for insults
and abuse from any man, however high
the walls of privilege may hedge him in.
Nelson was a brave man, loyal man;
but he was a tyrant and ,brute-quali-
ties which cost him his life. Let no
man tell me that Davis should die for
that act, venture to say that he will
never die for that -. ~ ts.-.,.
General business is fair here, but not
as active as may be expected little
later The importations of goods are
heavy, and we may look for high-pressure
operations in due season. Prudent men
win keep an eye to the windward, and
reef sails close. 1t will be well with all
who do so. ..s....'... ..-.. .,..f --...
"Our friends Watts, Crane & Co. are
doing very large and prosperous COM
mission business. No new house in New
York ever did so we'll Combining them
selves strictly to their legitimate business
as commission merchants, they are sub
ject to no contingencies growing out of
the fluctuations of markets They al
ready occupy prominent position as
merchants, and enjoy credit and char
acter of which older and wellestablished
houses might well be proud.
-=AsI hope to be at home during the COM
ing week. .144i y ga :
"Yours hastily, G. W. R."