New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-06-11

WAsuINaroN. lime An. 18G8.
TIE pEAp WEIGHT OLE THE MONEY MARkEr. /

FROM WASHINGTON
WASHINGTON, June 4th, 1866
THE DEAD WEIGHT OF THE MONEY MARKET,
Since the termination of the war Washington
has become great financial center. The enor
nous amount of specie, the disposition of which is
ordered from the Treasury makes Mr., MoCuloch
the King of Bulls and Bears, and lately tie wits OF
the town have invested his department with tile
ambiguous title of the " Bear Garden.n However
this may be, the great capitalists from the North
and West flock to the marble halls of the build |
ing" and judging by the number Of the besiegers,
one might imagine that the five hundred fairies to
whom the printing and safekeeping of the govern
ment bonds are consigned had attracted this bevy
| of visitors The dstraught and agitated air of
! these gentlemen might lend some color to the de-
| lusion if we were not aware that more imminent |
interests than duty to the fair attracted them
tn these mystic chambers. In fact, the great
question among these deyotees is contained in the
curt but anxious query: " viii the secretary
seI?' Principals and agents are all on the qui
Uiue to obtain reliable answer to the great finan
| cial question of the times. Some amusing scenes
/ are the result of this speculative fever:
! Spectator to friend" have just heard from
| gentleman in the immediate confidence of the
secretary that he will sell five millions to-day
! Friend to speoulator-"A bosom friend of Mr..
McCulloch just told me that more treasury sales
of gold would take place this week.
The consequence is that telegraphing COM
mences, and the bankers in New York, half crazy
from the contradictory accounts, go on the mar
ket," and lose or win their thousands of dollars
In the former case they forswear news from Wash
ington in the latter event. they declare that their
infermants are wonderful men who have " the in
side track The heavy sales of the last fortnight
have attracted the attention of Congress, and to-
day Mr.. McCuoch will present his report to the
House. The New York Herald has attacked the
secretary for tie private sales made through his
brother-in-aw, Mr.. Myers, of New York. and
other journals of standing have defended him with
ability.
The private sales were so unexpected that many
brokers lost large amounts, and hence the camor
against the secretary. The report to-day will ex.
hibit very large sales and show but small guam,
tlty Of gold left in the vaults Of the treasury.
soUFHERNEBs In WASHINGTON.
Many gentlemen from the Gulf States, now So
iourners in this CITY, represent the sentiment in
theft portions Of the country very Indifferent tc
the result of the palayer in Congress. They are
determined to let the people of the North fight out
n this question among themselves and in the mean
+ time to devote themselves to their Industrial la
. bors. Judge Brown, of the Mobile and Ohio rail
road, reports that the people working with an
astonishing good will, and predicts that if left to
q themselves, they will soon recuperate goodly
y portion of their lost resources. convention Of
4 the officers representing the principal Southern
!. railroads was held here on Saturday. Arrange
a ments were made for communication between New
"a York and New Orleans in ninety. two hours.
n MEMORIES OF THE war.
The old capitol prison is a dark, frowning
structure. Its brown brick walls are Wondering
away and the bars on the prisoners cells art
rusting into hopeless dilapidation But this SAINT
e building now falling into miserable decay, was
once the chosen scene Of historic events and thu
+ meeting hall of the American Congress before the
e capitol raised its lofty walls like an emblem o
IL the perpetual magnifcence Of our country. VIVA
it lacks in architectural effect the old capitol sup
d plies in dignifed associations. Here the SENATE
and House of Representatives met in the days 0
It the giants. In those simple chambers of lath ant
b plaster-of what nov appears primitive sim
It plicity-the true Americans, the men Who he'll
e the traditions Of constitutional government, as
r. sembled and reasoned. These plain woodel
lie floors are now replaced by mosaic pavements
walls .of rustic plainness have been sueceede
IT by marble and painted glass But have W
, not resigned the homely principles of gu
. Irepublic-the PRINCIPLES of men who reasone
a and argued-for the fimsy doctrines o
r demagogues and politicians by trade TIL
r improvement in externals has not beer
I made without corresponding loss. In large
room on the ground floor, formerly used as tav
ern, the great Calhoun died. Many, many memo
. RES of those olden DAYS custerround these simple
a bare walls. Would that these associations coult
end our search through the ancient legislative hal
d of the thirteen States. But other scenes, les
!, pleasant and natural, crowd about the mind of TIL
/ visitor. 1t seems Dissertation that the very hall
e where the members of the Union met to found
= new and pure government should be darkene
with the effects of domestic strife Here the mill
e tary prisoners were confined; there Union an
a Confederate officers, under various extraordinar
d charges, were kept for five months at time, with
u out the privilege of leaving small apartment
= IN tbe third. ReIle Rovd and Miss Mnreno in az
= ioining ces stewart n q LARGE room from wbic
= = he eseanad Inv loosenino one of the hairs of n
: yyn1oyv and IN the moment of fortune was tiIIe
: bv santnel IN the ward Of +be nrisen Henry VIII
q =