Middletown transcript., 1876-03-25
Letter ffSR New. YoEk;; = .
M N.x. 1krsh II. '7s

| due0ef nf1sOusluees haetoreHvof W6Icn
two only are Of large extent Daniel
Drew, the aged speculator, who for
years was one Of the kings of the street.
las left financial life through the gates
If the Bankrupt Court, AMI the National
Bank Of the State of New Ynrk has
t-b-en--fvrced--Ae -elose-its door. Fhe
failure of Uncle Daniel" as he is
famiIiarly called. was not ouly sur
prise ia itself. but developpd the fact
that while his 4repofted wealth was
several millions at least. his total assets
will not '..pan OUT $3.50. 900 against
liabilities, of over a million. His case
is also another warning nut to put your
trust ia the promises Of millionaires
He had ''endowrd" tws. theological in.
.ti,utians BY giving them his notes for
$3.50. 900 and 800. 900 respectively on
the strength aud interest of which they
haye Aaurished until now. when they
are thrawn on the enid w"ri,l "A p4cu-
liar feature of the Bank of New York;
suspension was the fact that its doors
closed when it had nearly million and
a half in cash in its vaults Mr. Drew's
faifnre was not Of a kind to affect COM
mercisl interests. being merely specu
latiye; but it was feared that Of the
Bank would seriously weaken conf
dence, and thus increase the rignrs Of
the present financial condition These
fears. fortunately. prove TO be for the
most part 4unfuunded. and it j. now
probable that the institution will shortly
resume under .he presidency Of August
Belmont.
A despatch from up the river. hav-
ing announcedethat navigation may be
considered as: open tor the season.
causes sir, ameng ice dealers and
large consumers Of the article. Il has
been hoped ah along that cold spring
would make up the deficiency. but that
hope is now nearly aband"ned. The
statistics Of the winters yield from the
Hudson, show. it to. be over a million
tons short \ The psHse III Q kardAwater"
will probably be i higher 10 this chy
next summer than for twenty years
past. -, ss.s.f.,.es.s, ...,, ,,...
Ru@orr i whisper. that tie / enterprising
S,takoschf has captured one of the shy.
est European linDs inhthe person OF
Ofrnbach, Of Opera sBoufe fame, and
proposes to exhibit hin, in this country
during Centennia' times, lie is repnrt-
ed u having labdred dlanfully also to
add Wagner and List to his collection.
but without avail His failure in this
latter effort is to BE- deplored, for hav-
ing got them over here after moder
ately rough voyage. America would
probably retain the three great apostles
Of the Emusic Of the future" till the
end Of their days. Won Balow who Is
already here, remembering his two
weeks Of sea-sick misery, says he will
cross no more the ocean" and it is fair
TO suppose that the stoniachs Of these
other iillustriuus tgrntIemeu are con-
structed Z vita similar delicacy, Per-
hsps q. stronger reason than sua-sick-
ness for Won Bulow.s determination is
the high and general appreciation Of him
shown By eur public, who almost in
varinbly astaIish foreign artists by the
extent of their average musical culture, /
II is remarkable 70 note the progress
made by our people in this ART during
the last ten years, 10 spite Of pauics
and politics ase W. has "a iggtpA 4
Music is now an almost universal
accpmplishmrpt, and its appliances lsrr
plentiful and cheap; and more than
anything else. It is this very chespne-.
which has given il its recent impetus
rlIe great publishing h.,u<e of Boo.ey
H. ca ;, London and. New y York. VIII.
were the first 70 break down the high
prices Of musical publications. nos sup
ply England and America with their
very full and constantly enlarging cata-
logue, embracing the choicrst standard
works old and new. at rates hardly one
1.-THE Of the ordinary. prices Through
their far,sighted liberality they have
nut only gr.atly prospered themselves.
but BY bringing the classics within the
reach of the p.'orest student have aided
and are still efficiently aiding the cause
Of musical education. Won Bulow, b.
the way, after Swinging round the cir
Gle il now about returning to this city
to give amther series Of concerts which
are looked forward to with delightful !
anticigstiou Aud appropos of Wagner
report just reaches US that he has con-
sented to interrupt his labors sufficiently
to compose ., Grand March for the open
ing Of the Centennial This promisr
was gained by our cewn Theodore
Thomas. who is one Of the most intel
ligeut and valued friends Of the grea,
c 'mp,ser RADrx.
aoq Marietta for Bayard.7 M
A. a : meetinoI of she liam nocrat;.