Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1867-08-19
DcpressiOn of Bussncss In New
YorDr--Gossly Buildings and
Hgsug emit

n Y. Corr. Of the Rochester Democrat.
One Of the striking features of the press
urc which New York IL suffering il the
abundance Of unemployed capital which
burdens Wal street. Here untold millions
are in hoard, AID here are vaults in which
grecnbacks and bonds arc piled up 10 heaps
thu, exceed the dreams of a~varice. Il is.
however, tie very absence Of circulation
tha, indicates commercial disease. This
money should be in motion. giving life 10
tho business world. The pressure Is We
great one, and we note bstlittle excitement
business Is dull, dull, dull, aud people have
got ured Of talking about it. Tie main
question with employer AM employ ed is
no" to meet the expense Of lie. 10 live
from day 10 day is just as much as can be
hoped Tor 1t best. All along the great bus
inese s~treets, the carts stand as quietly as
though hey never had moved. Tie drivers
have a sad look Of care, and Their bands are
getting quite soft for want Of work. Attic
doors . few clerks are chatting over the
news of the day. while inside the principals
may be seen in anxious concl.ve studying
the question how to keep afioat. The fash
ionable stores in the upper part Of Broad
way show signs Of disti ess in those le1 lends
which appear at the windows to tempt the
passer>by, and which are seld IN displayed
here "lrrepressible sale of rnustins a, less
than cost. From auction, 200 pieces Of
dress goods ut 50c, cost 51c 10 import -
"flGe French slAwls At 81, coat 90 &c,
6c. On the top Of this general dalncss
comes quarter day, draining the last dollar
from many u slender purse, and bringing u
a spasm to many a heavy concern. The
clicks draw = larger sum than usual for
they must meet the landlord, while the en-
ployer soltmnly pens his check for - 600
10 meet the same exigencY. conscious that
the money IS thrown away. Duiing tbs
quarter Tor which he pays this enormous
sum he has lost a small fortune, ard has
no prospect Of doing better. Well for him
that the profits Of the war are not yet ex>
hausted. The amount Of money which
changed hands IN qdafter day cannot have
been less than twenty five millions Of dol
lars.
Among other new and costly buildings
which indicate vast Increase in wealth 10
that owned by James Brown, and situated
IN wall street. 1t is Of marble with . front,
age Of about forty feet, and cost . million
OF dollars. On either side Of the hall is a
banking room which let's for $4,000, and
IN the rear is the spacious banking office Of
Brown Brothsrs 4 Co, which is rated at
$4,000. The entire sental of the building
is $3.50, 600 per annum.
Opposite the Post Office is another marble
structure built by Turner Brothers, Of gins
ger wine notoricty. which rents fos $250.-
ooo. A match for this in point Of cost is
the new Park Bank in Broadway, which will
be the most solid building in that array OF
commercial palaces. ItA foundation is sunk
beneath the level Of the street to a ,iepth in
which you might bury a mordern three
story house, and the walls of the vault are
only eleven feet in thickness. Think Of that
ye burglars. and abandon yourself to des-
uaif.