The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1876-03-23
OUR NEW YORK LETTER.
(Ia.oaa car osoa Correspondent.

number Of business failures, OF winch
two Only are OF large extent. Daniel
Drew. the aged Spectator, who for
years was one Of the kings OF the street,
has left financial life through the gates
Of the Bankrupt Court, and TIE National
Bank OF The State of New York has been
forced to closed It's door. The failure
of 'Uncie Daniel" as he is fa-niiiarly
called, was not only q surprise "a itself,
but developed the fact that while his.
reported wealth was several millions at
the least, his total assets viii rot ''pan
out" $3.50, geo against liabilities CT over
G. million. His ease IL also another war
ming not to put your trust in the pronli
ses OF r2i!lionares. He had .iendoweu''
two theological institutions by giving
them his notes for $3.50, 600 and 210o, 600
respectively, on the strength and. interest
OF which they have fourished antil now,
when they are thrown into the cold
world. A peculiar feature of the Bank
of New Yorlls Suspension was the fact
that its doors were closed when it had
nearly million and q half in cash in it's
yaults. FIR. Drew's failure was not of a
kind to affect commercial interests, be-
ing merely speculative {; but it WAS fear
ed that Of the Bank would seriously
weaken confidence, and thus increase
the rigors of the present financial con-
dition These fears, fortunately, prove
to be for the most part uufounded, and
it Is now probable that the institution
will shortly resume under the -presiden-
cy of August Belmont.
\ despatch from up the river, having
announced that navigation may be con-
sidered as open for the season, causes
stir among ice dealers and large consum-
ers OF the article. Tt has been hoped
ali along that cold spring would make
up the deficiency, but that hope is now
nearly abandoned. The statistics of the
winters yield from the Hudson, show it
to be over million tons short. The
price Of 'hard water viii probably be
higher IN this city next summer than
for twenty years past.
The huge silver nugget which arrived
at this port few days ago from Vera
Cruz, and which is to be placed on ex-
hibition at the Centennial Exposition,
was to-day lodged in the Central Safe
Deposit vaults, il the Masonic Temple,
for safe keeping. This silver nugget is
valued at $ssG44, 600 in gold.
The war on the gas companies still
! continues, and is spreading. Both here
and in Brooklyn-but especially in the
latter city-kerosene is used with such
success, and is driving out the gas me-
ters SO rapidly, that the companies have
had to yield and come down in price to
save themselves. Philadelphia is hay
ing similar time, and, if the rebellion
becomes general, gas stock won't be SO
"giIt, edged" as it was. That is to say
it won't be unless all the presidents have
the genius recently displayed by one Of
ours here. The Office of his company,
being besieged by crowd of indignant
consumers, q clerk entered the inner Of
fee to acquaint him with the state of
affairs outside, and to inquire if he
should accede TO the demand for re-
duction CT IS cents per thousand.
''Centainly, sir, replied the worthy man
''make the reduction by all means and, :"
with a benevolent smile he turned
back to his de5k-''just add couple of
thousand feet to every BILL
Rumor whipers that the enterprising
Strakosch has captured one of the shyest
Of European lions in the person fof Of
fenbach OF Opera Bouffe fame, and pro-
poses to exhibit him III this country dur
ing Centennial times. He is reported
! rs having la5ored manfuily also to add
Wagner and Liszt to his collection. but
without avail. His failure in this last
effort is to be daplored. for having GOT
them over here after moderately rough
voyage, America would probably retain
the three great apostles of the Emusic of
the future" TIL tue end Of their DAYS.
Won Bulow who isalready here, remem-
boring his two weeks of sea-sick misery,
says he evil cross no more the ocean"
! ana it IS faif to suppose that the stom-
achs OF these other illustrious gentlemen
are constructed with similar de,icacy.
Perhaps a stronger reason than saa-sick-
ness for Won Eulow's determination is
the high and general appreciation OF him
shown by our public, who almost inyali-
bly, astonish foreign artists by the extent
OF their average musical culture It is
remarkable to note the progress made
/ by our people in this art during the last
ten years, III spite Of panics and politics.
Music 10 now an almost universal ac
compllshment, and It's appliances are
plentiful and cheap ard more than
anything else, it is this very cheapness
which has given it its recent impetus.
The great publishing house of Boosev
Il Co., London and New York, who were
the first to break down the high prices
OF musical publications, now supply
England and America with their yery
full and constantly charging catalogue,
embracing the choicest standard works
Old and new; at rates hardly one 1.-THE of
the ordinary prices. Through their
far sighted Hberality they have not only
greatly prospered themselves, but by
bringing the classics within the reach Of
the poorest student have aided and are
still efficiently aiding the cause of must
cal education. Won Buiow, by the way,
after swinging round the circle is aow
about returning to this city to give ano-
Sher series of concerts which are looked
forward TO with delightful anticipation
And apropos CT Wagner, report just
reaches rs that he has consented to in
terrupt his labors sufficiently to compose
a Grand March for the opening of the
Centennial This promise was gained
b.f OR own Theodore Thomas who is
one or the most intelligent and valued
friends Of fine ,~raot ,,,,,,,,oo,>