The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-04-19
LETTER FROM NEW YORK.
Special Correspondents New Orleans CrescentJ
New YORK. April 10, 1868.

Special Correspondence OF the New Orleans CrescentJ
New YORK. April TO- 1868.
How easily anniversaries Of important events
can be turned to political account, was shown
last evening in the meeting held at Cooper lnsti.
tute, ostensibly to commemorate the surrender OF
General Lee, but in reality to let on some gas
about the greatness of General Grant and the lit
teness Of President Johnson as well as TO eulogize
the insugurstors and prosecutors OF the Infamous
scheme, now progressing, for the removal OF Mr..
Johnson, that no impediment may be offered TO
the Ultimate destruction of the government. The
meeting was under the auspices OF the Central
Grant Club of this city. All that heard in rels-
ton to the surrender Of General Lee was simply
the announcement Of the fact. All that l saw
which would remind one Of the memorable event,
was painting behind the chairman representing
Grant as hale, hearty man, sitting at table IN
open field, receiving the sword from Lee. who ap'
| pears as q poor. decrept, bent over weak kneed
| aged man, a fair sample of the manner IN which
| facts are perverted to catch the wavering few
| who may not have decided their politics.
The large hall was crowded by a mixed audi
ence and the enthusiasm very high at times,
especially on the Introduction OF General Sickles.
| who was the principal speaker of the evening.
| On referring to the president, applause and
kissing We'd with each other for the ascendancy,
when Sickles remarked that it was evident he was
| hOnoTed with some of his Democratic friends as
| hearers, and in his usual bcmbastic style pro-
! ceeded to make to them some suggestions, in the
| course of which he referred to the Democratic
party crossing the sea TO find candidate in Far
| ragut, and then the house came down with ap.
| plause, which was long continued, showing con-
| clusively that Grant is not the only one who has a
| hold upon the hearts of the people.
The nomination of Farragut by the Democratic
| convention, in July next, would just about scare
| the RAIDS out OF their boots.
all street got an awful scare yesterday and
| somebody made huge pile of money. Ii ap
pears that another of these bogus concerns lost
its bottom and almost went out of sight.
| Atlantic Mail Steamship Company in connection
With the Pacific Mail Company, until two years
ago, run the California line of steamers; (the for
| mer company this side and the latter on the
other.) at which time the Pacific Company
bought out the Atlantic Company and issued
stock in payment, which has been sold and the At
lantlc has been running line of steamers South,
| whereas the people generally supposed it held
the stock of the Pacific Company and thereon
based the value of its own shares, and broker
| who has carried heavier load OF 1t than he
ought to, broke down yesterday and the stock rat
tied from Sc TO Is in less than an hour.
This was 10 per cent. stock, and IN January last
sold at ia, on which the banks would lend par, as
| they very rarely ask more than 10 per cent. mar
gin, so that when 60 per cent sunk away from
their cOllaterals some Of them got rather badly
| scared.
There are but few stocks sold at any of the
boards which are not quite as rotten this At
lAntic Mail but that is Wall street business, an6
| whoever goes there must expect to be bitten L
they do not look out for No. l, sharp. But what
an elegant thing the ''shorts" made, as on every
hundred shares they bagged $4,000 on an invest
ment of $1,000, deposited as margin for the pur
chase. A very nice little "spec" for only one
hours business. Verify, 1--WE don't know how W.
do it, but we do"
We are having more agitation of the question o.
fares charged by the city railroad companies
The charters of most Of the companies prohibit I
higher charge than five cents for each passenger
and when the United States imposed the tax o
one eighth of one cent upon each fare, an amend
| ment TO the revenue law was procured, authoriz
ing the extra charge Of one cent, as the fraction
was not collectable. This tax has now ceased 4
be collected, and the people demand a reduction
TO five cents, but the companies |" do not see i
that way"
passengers few days since demurred to pay
ing six cents, whereupon the conductor elected
him from the car, in return for which the passen
ger called a policeman and had him arrested
which will in all probability bring the question
| before the courts
These monopolies take possession OF the streets
without compromising the city to the extent of
dollar, most of them even evading the license fee
for each car, and impose upon the public poo
accommodations in order to pay stockholders i'm
mense dividends.
April this year is not much like April generally
Last night about two inches of snow fell, and to
day driving snow, rain and hail storm has pre-
vailed with a raw, easterly wind. This unseasOn
able weather has made spring apparel look rathe
slim thus far. EYES AND EARS.