The Van Buren press., 1867-05-03
Our New York Letter


/ DIAE Pass: My time la, been 80 much oc-
cupicl with other matters that have not
been able To attend to correspondence. Per
haps however. your readers have not partic-
ularly missed "our New York letter.
There !, nothing of very much interest at
present tran,piring in the city. The usual
dullnes' in business remains unbrckcn To- any
noticeable extent. and pretty much all hopcof
commercial activity this spring !, abandoned.
The times are getting harder and harder
every day, Whence and when rcliefwill come
It is difficult to foretcll. The great change
which the progress ofeycnts has worked In
public opinion Is indicated 10y the fac; that
our daily papers are discussing the possibility
! of the national bonds not being paid. \ few
months ago no "loyal PAPER had the tcmerity
! To entertain a doubt about United alates bonds
being the very best investment into which
we could place our money. Jay Cooke
was telling the public that the national
debt was a blessing, and that it. redemption
was certain because il was a mortgage upon
the entire wealth OF the country. Loyal
people were gullible enough to swallow the
lie and the bonds without a second cOnsidera-
ton, while Jay Cooke thereby pocketcd mill
lion or two ofdollars. Now, however. a doubt
is growing concerning, not the intention of
the government to redeem its bonds, but
whether it really can ever do 50. Both the
Tribune and Times, as well As the Herdid has
recently given expression to doubts Of this
character, and it is time for the public to open
its eyes to the facts in the case. Ii has been
said that when woman begins to debate the
question of her virtue, it is really thing of
the past. So'in regard to our national bless
ing" when all begin to discuss the likelihood
Oft being repudated, it, repudiation is a
question of time. simply.
| While DO not for moment advocate the
| Reputation of the public debt, | would put a
question TO those persons who think that the
| American people would not under any con-
sidcration so far violate their honor as to con-
| sent to reputation of our national obligations.
! II the debt which oiir torcftthers incurred iii
establishing the Independence of the country
SO soon lost its obligatory and semi-sacred
character rs to be rcpudiated but a few years
| after the object of the w;tr was attained, how
much quicker will the debt that was cntailed
! by war which at least 4 large part Of the
! people were opposed TO, and which was per-
yertcd from its legitimate to a revolutionary
| purpose, Dc declared null and void? The
! American people are no more bound TO pay
/ the latter than they were the former, and
/ its reputation would be no more disgmccful
/ To them.
The metropolis, is laughing at the bridge
erected over Broadway at the corner of Fulton
street, for the accommodation of pedestrians.
| 1t is almost universally declared to be SELF
on the corporation, rs ii is believed but few
people will use it save when actually compel
cd TO when a jam occurs in the great thor
oughtarc ut that point And as for ladies
passing up and down the steps in full view OF
the tlronging thousands on the pavement, it
of construction, for about eight or nine weeks
and is not yet finished
Bcnncu's new building, occupying about
| half the ground which Barnum's Museum did
| is said to be the best structure in the city. 1t
is composed entirely nfiron, marble, stone and
! brick. 10 wood having been employed in it
erection. 1t is an ornament TO Broadway
and will doubtless be the finest and most
complete newspaper office in the world. 1t i,
intended to be ready for occupancy about tn,
first of May. fyou have not heard how Ben
nett was wotully shaved in getting this pro-
pcrity by Barnum, | will tell you somcothcl
time rs have already exceeded my usual
limits. have the story from good authority
The Great Eastern arrived at this port last
week. and has been visited by hundreds at her
anchorage in North River. She will >ail on
her return trip tomorrow, and will run reg
ularly through the season, conveying passcn-
gers to and from the Paris Exposition
The result Of the Connecticut election was
a severe blow at the mongrcl party, and they
still staggcr under it. 1t is thought that til,
Democrats, notwithstanding they are in .
minority In the lower branch of the Legi,la-
ture, will be able to practically control the
legislation of the State. was in Connection,
few days since, and the Democrats were still
jubilaut and they are confident that they will
be able TO retain power in the State for som,
years TO come. And | believe they may, Il
they will but pursue the proper course OF
action, and inaugurate the firm measure.
which were advocated by their speakers dur
ing the late canvass
#... SASSAClS.
Which are the Legitimates