Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1873-09-26
CORRESPONDENCE.
Letter from Philadelphia.
PHILADELPHIA, Sept. %, 1873.

TTCUU w WCtTt
1t has been some time since
I wrote you. Have been taking my vaca-
tion from writing during the hot and dull
season, in part rendered necessary by lis
being the busiest in our branch of business
Now that the cold weather of Autumn is
upon us we return "to duty"
The great topic Of conversation. every
where, is now the great suspensions of the
past week. The financial panic unequalled
since '57 it created, is now subsiding, and
the worst is over, Its results have not
been so disastrous here as in New York,
owing to the substantial aud staid transac-
tions of our Banks. The commercial In
terest have not been affected, it being
a stock panic, and the loss fell upon the
Railroad Interests chiefly. The sympathy
of the public has been very greatly towards
Jay Cooke ~ Co., and tho hope is freely
expressed that very soon they may resume.
No ono will loose by them is confidently
believed, and the people and nation owe
them a debt that now in their distress
should not be forgotten. There has been
but one Bank suspension so far, aud it
caused by the fooishness of depositors. 1t
does seem at such times as il people lost
their reasoning powers, as is shown by the
absurdity of the rush upon the Fidelity
Trust Co" Friday was dark day, on
every side one heard of failures, many of
them mere rumors, but all tending to create
further panic. Saturday It became more
quietly and to-day seems to have almost
subsidized. Men of finance say it will be
productive of good, and that it will result
in the Government taking some steps to
the easing of The money stringency, con-
tending that there is Il shortness of money
in the country with which TO do business,
enabling the gamblers of Wall street and
our 3D. street, to lock it up when they sec
bit and create panics.
Wednesday last was the Anniversary Of
The Battle of Antetam, and occurring the
same day of the week that the Battle did.
The day was chosen as the time for decor
ating Monument to the fallen Soldiers of
Delaware county at Chester. The ceremo-
mics were conducted by Wilde Post No. 20
G. A. II. who extended an invitation to be
present to the e. A. II. in the City. The
latter left here at $50, arriving at 3.07 =. Nj.
and were met by the procession at the de-
pot, proceeding at olcc to the cemetery
about mile beyond the depot. Here the
monument had bceu erected upon q beau
tifu knoll, overlooking the valley and the
Bay for many miles in extent. a platform
had been erected to the right of the monu-
ment for speakers and visitors. After
prayer the History of the monument was
read by Col. Gray, to whom the success of
the project was greatly Cue after which
came the oration by Col. j. w. Forney, Of
this City, preceded however by the uu
yelling of the monument, and during lis
continuance the Artillery fired a salute from
neighboring hillside. The monument
was beautiful piece of work, grand in
inception and execution, being a Soldier
''at rest" The turned up corners of the
Cartridge Box, the screws Of the musket,
the wrinkles in the overcoat, the counte-
nance, everything was perfect, and would
respectfully suggest 10 your monument
committee TO visit it. II was cast by Root
Wood Il Co. of this City but I've forgotten
the designers name. an eastern man. The
military, Fire Department and G. y. II. re-
formed the line and marched back to Ches-
ter, where we dismissed to wander around
the old city. 1t is very busy thriving
place, largely interested in ship building,
and has grown very fast in the last ten
years. AZ one time il was the county
seat, but it was removed to Media at a
time when Chester seemed asleep and
Media to be going rapidly ahead, now the
order is reversed. From its Port, Franklin
sailed as Embasador to France, and the
honor is claimed for it of being the site first
finally this point with the Schuylkill on the
one side and Delaware on the other was
chosen. obstetrics still contend it was a
very unwise choice. While rambling
around l called at the Office of The Even
ing News,'' and received a cordial welcome
from cOmrade w. \. Todd the editor,
member of Post 25, who afterwards Mt the
Banquet made the address of welcome.
Looking over his spicy little sheet, l saw
the advertisement OF DR.. G. Arthur former
ly Of Sunbury, but it was too late to call
upon him. At 7 O'Clock the visiting Posts
assembled and were marched to National
Hall, where we were entertained handsome
ly, as fine banquet as | ever partook of,
toasts, speeches, songs, recitations, music
by the band, (Fairmouut accompanying
our Post from this City, and short march
to the depot, where at a late hour of the
night we embarked, with "three times
threen for Chester and Post %, for the city,
arriving in the wee small hours" well
pleased with our trip, anu ready for ano-
ther, completed the day.
Since commencing this we hear rumors
OF other suspensions, principally among the
State Banks, and we fear all is not going
as well as we had hoped. Friday next, the
Goth, the new Masonic Temple is to be de-
dcated. 1t Promises to be n grand parade,
and gala day to the fraternity. The tenn
pie now completed, is gem, and the
grandcst in the country, if not i'll the world.
| will leave it for my next, as I've no doubt
oyerrun the bounds in length,
Yours,
OCCASIONAL.
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